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The latest news from Business Insider
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    david rosenberg

    • This week marks the 10th anniversary of the collapse of Bear Stearns, which proved to be the first domino of the banking system that fell.
    • Economists aren't sounding the alarm for another implosion of the global financial system.
    • But in David Rosenberg's view, belief that financial risks are low is a "myth."

    The worst financial crisis in modern history claimed its first victim during this week a decade ago.

    Bear Stearns, an 85-year-old investment bank that was America's fifth-largest at the time, failed to convince its shareholders that it had enough staying power to survive the housing collapse. Many of the mortgages taken by unqualified borrowers had been bundled into securities that Bear Stearns put together.

    And so as more Americans struggled to make mortgage payments, putting these securities in jeopardy, Bear Stearns' creditors began to panic. In a deal arranged by the Federal Reserve, JPMorgan acquired the firm for a tiny fraction of its market value.

    You'd be hard-pressed to find an economist who's speculating that another collapse of the financial system is imminent. At best, we could be looking at another economic crisis.

    David Rosenberg, the chief economist at Gluskin Sheff, looks no further than where it all began a decade ago — in credit. This time, however, Rosenberg isn't worried about housing.

    "Watch investment-grade corporate and high-yield spreads very closely," Rosenberg told Business Insider. "There is a bubble on business balance sheets."

    What Rosenberg calls a bubble, investors would describe as a hunt for yield. Investor appetite for returns wherever they may be found pushed the yields on the riskiest, most indebted companies to levels close to those most recently seen in 2006, before the latest financial crisis began to unfold.

    But the credit market is starting to show cracks. Investors "haven't learned how important it is to believe in mean reversion, and too many are lured into the herd-mentality camp," Rosenberg said.

    Bank of America Merrill Lynch data showed bond funds saw outflows of $14.1 billion during the week ended February 14, the fifth-largest redemption on record. About $11 billion of that came from high-yield funds, even after the market weathered the volatility that shook stocks and Treasurys in early February.

    "I am also concerned about auto-loan and credit-card delinquencies, which are rising, and we haven't even seen the unemployment rate start to rise just yet," Rosenberg added. "Wait till that happens. This tells you the quality of the credit out there — very weak. In fact, almost half of the investment-grade corporate bond market is now rated BBB!"

    A "BBB" rating is just two notches above junk.

    Though more Americans struggle to make their car payments on time, there's hardly any siren-blaring about a housing-style meltdown. In a recent note, however, Rosenberg argued it's a "myth" that financial risks were modest.

    "I think the White House has to be very careful not to deregulate so quickly when it comes to the financial sector, especially now as credit quality starts to erode," he said.

    "Remember — the financial setbacks that always occur amidst a Fed tightening cycle don't have to include the banks," Rosenberg said. "We had savings & loans companies in the 1980s, mortgage funds in the mid-1990s, a hedge fund (LTCM) in the late 1990s, for some examples."

    And so, the lesson for money managers here is that the time for reaching for the stars is over — at least for this cycle, Rosenberg said. He advises raising cash and reducing the beta or volatility of your portfolio.

    SEE ALSO: GOLDMAN SACHS: A new 'scenario worth worrying about' could cause the next avalanche of selling in the stock market

    Join the conversation about this story »

    NOW WATCH: Harvard professor Steven Pinker explains the disturbing truth behind Trump's 2 favorite phrases

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    eSports Advertising and Sponsorships

    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    What is eSports? History & Rise of Video Game Tournaments

    Years ago, eSports was a community of video gamers who would gather at conventions to play Counter Strike, Call of Duty, or League of Legends.

    These multiplayer video game competitions would determine League of Legends champions, the greatest shooters in Call of Duty, the cream of the crop of Street Fighter players, the elite Dota 2 competitors, and more.

    But today, as the history of eSports continue to unfold, media giants such as ESPN and Turner are broadcasting eSports tournaments and competitions. And in 2014, Amazon acquired Twitch, the live streaming video platform that has been and continues to be the leader in online gaming broadcasts. And YouTube also wanted to jump on the live streaming gaming community with the creation of YouTube Gaming.

    eSports Market Growth Booming

    To put in perspective how big eSports is becoming, a Google search for "lol" does not produce "laughing out loud" as the top result. Instead, it points to League of Legends, one of the most popular competitive games in existence. The game has spawned a worldwide community called the League of Legends Championship Series, more commonly known as LCS or LOL eSports.

    What started as friends gathering in each other's homes to host LAN parties and play into the night has become an official network of pro gaming tournaments and leagues with legitimate teams, some of which are even sponsored and have international reach. Organizations such as Denial, AHQ, and MLG have multiple eSports leagues.

    And to really understand the scope of all this, consider that the prize pool for the latest Dota 2 tournament was more than $20 million.

    Websites even exist for eSports live scores to let people track the competitions in real time if they are unable to watch. There are even fantasy eSports leagues similar to fantasy football, along with the large and growing scene of eSports betting and gambling.

    So it's understandable why traditional media companies would want to capitalize on this growing trend just before it floods into the mainstream. Approximately 300 million people worldwide tune in to eSports today, and that number is growing rapidly. By 2020, that number will be closer to 500 million.

    eSports Industry Analysis - The Future of the Competitive Gaming Market

    Financial institutions are starting to take notice. Goldman Sachs valued eSports at $500 million in 2016 and expects the market will grow at 22% annually compounded over the next three years into a more than $1 billion opportunity.

    And industry statistics are already backing this valuation and demonstrating the potential for massive earnings. To illustrate the market value, market growth, and potential earnings for eSports, consider Swedish media company Modern Times Group's $87 million acquisition of Turtle Entertainment, the holding company for ESL. YouTube has made its biggest eSports investment to date by signing a multiyear broadcasting deal with Faceit to stream the latter's Esports Championship Series. And the NBA will launch its own eSports league in 2018.

    Of course, as with any growing phenomenon, the question becomes: How do advertisers capitalize? This is especially tricky for eSports because of its audience demographics, which is young, passionate, male-dominated, and digital-first. They live online and on social media, are avid ad-blockers, and don't watch traditional TV or respond to conventional advertising.

    So what will the future of eSports look like? How high can it climb? Could it reach the mainstream popularity of baseball or football? How will advertisers be able to reach an audience that does its best to shield itself from advertising?

    Robert Elder, research analyst for BI Intelligence, Business Insider's premium research service, has compiled an unparalleled report on the eSports ecosystem that dissects the growing market for competitive gaming. This comprehensive, industry-defining report contains more than 30 charts and figures that forecast audience growth, average revenue per user, and revenue growth.

    Companies and organizations mentioned in the report include: NFL, NBA, English Premier League, La Liga, Bundesliga, NHL, Paris Saint-Germain, Ligue 1, Ligue de Football, Twitch, Amazon, YouTube, Facebook, Twitter, ESPN, Electronic Arts, EA Sports, Valve, Riot Games, Activision Blizzard, ESL, Turtle Entertainment, Dreamhack, Modern Times Group, Turner Broadcasting, TBS Network, Vivendi, Canal Plus, Dailymotion, Disney, BAMTech, Intel, Coca Cola, Red Bull, HTC, Mikonet

    Here are some eSports industry facts and statistics from the report:

    • eSports is a still nascent industry filled with commercial opportunity.
    • There are a variety of revenue streams that companies can tap into.
    • The market is presently undervalued and has significant room to grow.
    • The dynamism of this market distinguishes it from traditional sports.
    • The audience is high-value and global, and its numbers are rising.
    • Brands can prosper in eSports by following the appropriate game plan.
    • Game publishers approach their Esport ecosystems in different ways.  
    • Successful esport games are comprised of the same basic ingredients.
    • Digital streaming platforms are spearheading the popularity of eSports.
    • Legacy media are investing into eSports, and seeing encouraging results.
    • Traditional sports franchises have a clear opportunity to seize in eSports.
    • Virtual and augmented reality firms also stand to benefit from eSports.  

    In full, the report illuminates the business of eSports from four angles:

    • The gaming nucleus of eSports, including an overview of popular esport genres and games; the influence of game publishers, and the spectrum of strategies they adopt toward their respective esport scenes; the role of eSports event producers and the tournaments they operate.
    • The eSports audience profile, its size, global reach, and demographic, psychographic, and behavioral attributes; the underlying factors driving its growth; why they are an attractive target for brands and broadcasters; and the significant audience and commercial crossover with traditional sports.
    • eSports media broadcasters, including digital avant-garde like Twitch and YouTube, newer digital entrants like Facebook and traditional media outlets like Turner’s TBS Network, ESPN, and Canal Plus; their strategies and successes in this space; and the virtual reality opportunity.
    • eSports market economics, with a market sizing, growth forecasts, and regional analyses; an evaluation of the eSports spectacle and its revenue generators, some of which are idiosyncratic to this industry; strategic planning for brand marketers, with case studies; and an exploration of the infinite dynamism and immense potential of the eSports economy.

    Interested in getting the full report? Here are two ways to access it:

    1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> START A MEMBERSHIP
    2. Purchase & download the full report from our research store. >> BUY THE REPORT

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    Interested if SDCThis is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without the need for a driver.

    This autonomous revolution will upend the automotive sector and disrupt huge swaths of the economy, while radically improving energy efficiency and changing the way people approach transport around the world.

    Automakers and tech companies are racing to develop the technology that will power self-driving cars in the coming years. That tech is advancing, but leaves observers with a bigger question: will consumers trust driverless car tech, and will they want to use autonomous cars?

    In a new report from BI Intelligence, we analyze the self-driving car market, forecasting vehicle shipments and market penetration, profile the players expected to take on a prominent role in the autonomous future, examine the barriers to autonomous car development and adoption, review developments in technology, regulation, and consumer sentiment, before finally analyzing the impact the introduction of autonomy will have on various industries and transport trends. 

    Here are some of the key takeaways from the report:

    • Self-driving cars are coming; there will be fully autonomous cars on the roads in the US in 2018, and adoption will just take off from there.
    • The technology is developing swiftly to allow fully self-driving vehicles, while the regulatory environment is adapting to the anticipated changes that this new technology will bring.
    • We conducted a survey asking our exclusive BI Insiders panel about their thoughts on self-driving cars, the future of the automotive industry, and the impact autonomous vehicles will have on their purchasing habits moving forward. The results provide a picture of consumer sentiment at the precipice of the autonomous era.

    In full, the report:

    • Sizes the current and future self-driving car market, forecasting shipments and projecting installed base.
    • Explains the current state of technology, regulation, and consumer perception.
    • Analyzes how the development of autonomous cars will impact employment and the economy.

    Interested in getting the full report? Here are two ways to access it:

    1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now
    2. Purchase & download the full report from our research store. >> Purchase & Download Now

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    Donald Trump

    • Senior White House staffers were pressured to sign nondisclosure agreements, The Washington Post reported on Sunday.
    • One draft NDA viewed by The Post said violators could face $10 million penalties.
    • The NDAs also applied to "all times" after President Donald Trump's term in office.

    President Donald Trump required senior White House staff members to sign nondisclosure agreements that not only threatened stiff financial penalties for violations, but extended far beyond Trump's time in office, Washington Post columnist Ruth Marcus reported on Sunday.

    According to a draft agreement Marcus said she viewed, violators could face $10 million penalties for each unauthorized release of "confidential information," though it's possible the final NDAs reduced the penalty amount. The agreement applied not only to staffers' White House tenures but "all times thereafter."

    Though some staffers initially resisted the agreements, they signed them after pressure from former Chief of Staff Reince Priebus and the White House Counsel's Office, The Post reported. The staffers also reportedly believed the NDAs likely weren't enforceable.

    One person who signed an agreement said the NDAs were similar to those signed during Trump's campaign.

    "I remember the president saying, 'Has everybody signed a confidentiality agreement like they did during the campaign or we had at Trump Tower?'" the person said.

    The Post's source said that Trump made the comment around February or March of 2017, when the White House was trying to tamp down on leaks.

    "The president's point was that they [staff] would think twice about that if they were on the hook for some serious damages," the person said.

    Trump previously told The Washington Post in a 2016 interview that he believed all high-level federal employees should sign NDAs.

    "When people are chosen by a man to go into government at high levels and then they leave government and they write a book about a man and say a lot of things that were really guarded and personal, I don’t like that," Trump said.

    SEE ALSO: Trump says 'Mueller probe should never have been started' hours after his lawyer called for it to be shut down

    DON'T MISS: Trump visited his border wall prototypes for the first time — and the photos are great

    Join the conversation about this story »

    NOW WATCH: BILL BROWDER: How sanctions on Russia hurt Putin's closest allies

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    The Future of Retail 2018

    The future of retail is looking bright.

    So bright that BI Intelligence, Business Insider’s premium research service, expects the industry to top $5.5 trillion by 2020!

    While in-store and desktop purchases are certainly helping the retail industry boom, the biggest factor for this incredible growth is in your pocket.

    Find out why the smartphone will be crucial for retailers in 2018 and beyond with the first part of a brand new slide deck from BI Intelligence called The Future of Retail 2018.

    Here are some of the key takeaways:

    • US retail is growing $200 billion year-over-year
    • In-store retail is still dwarfing e-commerce
    • But e-commerce is growing almost 4x faster than in-store
    • Mobile commerce is driving most of that growth
    • And much more

    To get your copy of the first part of this FREE slide deck, simply click here.

    Join the conversation about this story »

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    Titanic 1997

    • A trade war would bring forward the next financial crisis sooner than expected, according to the Societe Generale strategist Albert Edwards.
    • For several years, Edwards has warned that "waves of deflation" will cause a 2008-style crisis.

    Albert Edwards says his bearish thesis for the economy may be unfolding sooner than he expected.

    The Societe Generale global strategist has long warned about the threat of deflation, driven by countries like China devaluing their currencies to make exports more attractive. The end result would be a collapse comparable to the 2008 crash, he has said.

    Edwards now points to the Trump administration's trade policy as another catalyst that could hasten the next crisis. Recent tariffs the US imposed on steel and aluminum imports threaten a full-scale trade war, he noted.

    "A trade war and competitive currency devaluation was always going to be the end game in our Ice Age thesis as a global deflationary bust destroyed wealth, profits, and jobs," Edwards said in a note on Thursday.

    "But it looks as if it might be arriving sooner than we had anticipated."

    China exports just 1.1% of its steel to the US, and so the tariffs were considered unlikely to do serious damage to Chinese businesses. The more immediate fuel for a trade war, Edwards said, is retaliatory action against China by the US for alleged intellectual property theft. The Nikkei Asian Review reported Wednesday that the US was set to impose tariffs on $60 billion worth of Chinese products as punishment.

    The US could also turn on other trading partners as Trump continues to advance his "America First" agenda.

    "Boiling away in the background are Germany's, and now too the eurozone's, outsized trade surpluses" with the US, Edwards said. He added, "expect President Trump to soon turn his protectionist fire on both Germany and the EU. That will be messy."

    curent gdp

    SEE ALSO: 21 stocks set to surge as companies spend billions buying their own shares, according to Deutsche Bank

    Join the conversation about this story »

    NOW WATCH: Why 555 is always used for phone numbers on TV and in movies

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    dean smith

    The University of North Carolina Tar Heels cut down the nets at last year's NCAA tournament, adding yet another title to the program's prestigious history. 

    Of all of North Carolina's title winning teams, however, none may be more iconic than the 1982 National Championship team. Led by legendary coach Dean Smith, and with a roster boasting some of the greatest players ever — indeed, perhaps the greatest player ever — the '82 Heels won a thrilling, down-to-the-wire contest against the Georgetown Hoyas to claim the title. 

    Below, we take a look at some of the key contributors to that team, as well as where they went after that iconic game. 

    James Worthy was the top player on the 1982 team, winning the National Player of the Year and Final Four Most Outstanding Player awards that year.

    Worthy went on to have a Hall of Fame NBA career as a part of the Showtime Lakers. He currently works as a Lakers TV analyst. Fun fact, he also once had a cameo on "Star Trek: The Next Generation."

    Michael Jordan was a freshman on the 1982 Tar Heels team, and he played a pivotal role averaging 13.5 points per game. He also hit the game-winning shot against Georgetown in the title game.

    See the rest of the story at Business Insider

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    donald trump

    • White House lawyer Ty Cobb said Sunday that President Donald Trump is not considering firing special counsel Robert Mueller.
    • Trump railed against Mueller and the Russia investigation in a series of tweets over the weekend.
    • Trump's personal attorney, John Dowd, also called for Mueller's investigation to be shuttered.

    White House lawyer Ty Cobb said in a statement Sunday that President Donald Trump is "not considering or discussing the firing of the Special Counsel, Robert Mueller," amid increased speculation that Trump will attempt to shut down the ongoing Russia investigation.

    Trump's personal attorney, John Dowd, called on Saturday for Mueller's probe to be shuttered. He first said the statement was made on behalf of Trump, but later walked that back and said he was speaking only in his personal capacity.

    But Trump then tweeted several pointed criticisms over the next 24 hours of Mueller's investigation and the team of lawyers he's hired to help him.

    On Saturday, Trump said the investigation "should never have been started in that there was no collusion and there was no crime."

    "It was based on fraudulent activities and a Fake Dossier paid for by Crooked Hillary and the DNC, and improperly used in FISA COURT for surveillance of my campaign. WITCH HUNT!"

    Trump continued the tirade on Sunday, tweeting, "Why does the Mueller team have 13 hardened Democrats, some big Crooked Hillary supporters, and Zero Republicans? Another Gem recently added…does anyone think this is fair? And yet, there is NO COLLUSION!"

    In fact, Mueller himself is a registered Republican. Some of the lawyers he's hired, however, have come under fire from conservative media outlets over their previous donations to Democrats.

    Thirteen of the 17 members of Mueller's team have previously registered as Democrats, and four had no listed affiliation in public voter registration records, according to The Washington Post.

    SEE ALSO: Meet the all-star team of lawyers Robert Mueller has assembled for the Trump-Russia investigation

    DON'T MISS: Trump reportedly made White House staffers sign NDAs that last beyond his presidency

    Join the conversation about this story »

    NOW WATCH: This transgender activist and former Obama White House intern isn't backing down against Trump

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    Rodrigo Duterte Digong Philippines

    • Philippines' President Rodrigo Duterte slammed the International Criminal Court, who are leading an investigation into his bloody war on drugs, as it is part of the "white idiots in the EU."
    • Duterte urged other nations to "get out" of their membership with the ICC because it is a "rude" organization. 
    • The ICC began an examination last month into deaths linked to Duterte's war on drugs, which, by some estimates, has killed more than 12,000 people.

    Philippines' President Rodrigo Duterte on Sunday slammed the International Criminal Court (ICC), who are leading an investigation into his bloody war on drugs, as it is part of the "white idiots in the EU."

    Speaking at the Philippine Military Academy, Duterte said that the Rome Statute, which established the ICC, was "bull," and contributed to his decision to formally withdraw from the organization last week, though the withdrawal will only take effect one year after the request.

    In Sunday's speech, Duterte said the ICC was a part of "white idiots in the EU" who are seeking to "atone" for their past actions.

    He also urged other nations to "get out" of their membership with the ICC, because it is a "rude" organization.

    "These people when they went to Africa, they killed the Arabs … it is really an atonement for their sins. And then they run after either the blacks, when there are so many problems, but they still meddle," Duterte said.

    More than 120 nations are part of the ICC, an international tribunal at The Hague that prosecutes individuals for crimes against humanity. 

    The ICC began an examination last month into deaths linked to Duterte's war on drugs, which, by some estimates, has killed more than 12,000 people.

    The notoriously outspoken Duterte has said "not in a million years" does ICC have the right to indict him for war crimes. 

    Duterte has also publicly criticized the UN Commission on Human Rights and the UN special rapporteur on extrajudicial killings Agnes Callamard, who he said he would "slap" if she began a separate UN investigation into Duterte's extrajudicial killings.

    The Philippine leader has urged his personnel not to cooperate with any investigation into his war on drugs. Human rights groups have said many of the killings by police have been executions, an allegation which law enforcement deny.

    SEE ALSO: Philippines' Duterte tells personnel not to cooperate with any investigation into his bloody war on drugs

    Join the conversation about this story »

    NOW WATCH: The surprising reason why NASA hasn't sent humans to Mars yet

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    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

    Not that long ago, many home-appliance and consumer-electronics makers were gearing up for what they thought would soon be a rapidly growing market for smart home devices.

    The instant popularity of the Nest thermostat, introduced in 2011, seemed to confirm their hopes. But those expectations were dashed in the coming years as the market for connected home devices later stagnated. 

    Even with these challenges, many of the biggest consumer technology companies are now moving into the smart home market. For example, Apple, which recently released its self-installed smart home ecosystem, called the Apple Home, traditionally doesn't move into a market until it's very mature and only when it can release a perfected product. Further, Google this fall launched the Google Home and its companion ecosystem, hoping to jump into the voice-activated smart home speaker market, which Amazon currently dominates with its Echo product line. 

    In a new report, BI Intelligence examines the demographics of the average smart home device owner and discuss why current smart home device owners are appealing to tech companies. The report also examines the plans of various tech giants in the smart home market and discuss their monetization strategies, and makes suggestions for how these companies can position themselves to make their products and devices more appealing to the mass market.

    Here are some key takeaways from the report:

    • Tech companies primarily enter the market to enhance a core revenue stream or service, while device makers desire to collect data to improve their products and prevent costly recalls.
    • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
    • These companies are also seeking to create an early-mover advantage for themselves, where they gain an advantage by this head start on adoption.
    • Major barriers to mass market adoption that still must overcome include technological fragmentation and persistently high device prices.

    In full, the report:

    • Details the market strategy of prominent tech companies and device makers, and analyzes why which ones are best poised to succeed once adoption ticks up.
    • Offers insight into current ownership through an exclusive survey from BI Intelligence and analyzes what demographics will drive adoption moving forward.
    • Explains in detail which companies are poised to succeed in the market in the coming years as adoption increases and mass market consumers begin to purchase smart home devices.

    To get your copy of this invaluable guide to the IoT, choose one of these options:

    1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
    2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

    The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of smart homes.

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    NOW WATCH: The best and worst features of the Samsung Galaxy S9

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    Xi Jinping gesture blowing nose sick

    • Aside from being able to rule China indefinitely, President Xi Jinping is considered the "Chairman of Everything," overseeing foreign and domestic affairs, the military, finance, and even internet security.
    • This makes Xi vulnerable to his opponents who can blame him for almost anything that goes wrong, former Australian prime minister Kevin Rudd told US cadets at West Point earlier this month.
    • But due also to his power over police, security and intelligence, there is little chance of this vulnerability leading to changes in China's leadership.

    Chinese President Xi Jinping could be more vulnerable than ever, former Australian Prime Minister Kevin Rudd recently told US cadets.

    Xi, who can rule China indefinitely after presidential term limits were recently scrapped, has slowly become the "Chairman of Everything," overseeing numerous small groups and central committees on every major area of domestic and international policy.

    And this could become a problem, Rudd, now the president of think tank Asia Society Policy Institute, told military cadets at the West Point academy on March 5. 

    "What these constitutional changes have done is to make Xi potentially vulnerable to any single, large-scale adverse event in the future. If you have become, in effect, 'Chairman of Everything,' then it is easy for your political opponents to hold you responsible for anything and everything that could go wrong, whether you happen to be responsible for it or not," Rudd said.

    Aside from being president, the head of the Communist Party, and commander-in-chief, Xi is the chairman or leader of commissions and central leading groups on national security, the military, foreign affairs, financial and economic affairs, internet security, Taiwan affairs, and all-around deepening reform.

    If things go sour, politicians and citizens may only place blame on Xi because these agencies are China's top authority on each issue.

    "This could include any profound miscalculation, or unintended consequence, arising from contingencies on the Korean Peninsula, Taiwan, the South China Sea, the Chinese debt crisis, or large-scale social disruption arising from unmanageable air pollution or a collapse in employment through a loss of competitiveness, large-scale automation or artificial intelligence," Rudd said in his speech.

    And with drastic developments in regards to talks with North Korea and the US, and President Donald Trump spurring talk of a trade war with China, the major issues Xi oversees could be set for a major shakeup.

    But while Xi has created himself to be a "symbolic target for any resentments" for his opponents, widespread censorship and policing combined with Xi's command over security and intelligence are almost certain to prevent a shift in China's leadership.

    "It would be deeply analytically flawed to conclude that these individuals have any real prospect of pushing back against the Xi Jinping political juggernaut in the foreseeable future," Rudd said. "As vulnerable as Xi may be, his position is very unlikely to be threatened."

    "We should never forget that the Chinese Communist Party is a revolutionary party which makes no bones about the fact that it obtained power through the barrel of a gun, and will sustain power through the barrel of a gun if necessary," he added.

    SEE ALSO: 'Immortality,' 'disagree,' 'emigrate,' and 'personality cult' — here's every word and phrase China censored after criticism of Xi Jinping's potentially unending reign

    Join the conversation about this story »

    NOW WATCH: Harvard professor Steven Pinker explains the disturbing truth behind Trump's 2 favorite phrases

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    baby crying airplane

    • Kids on airplanes has become a controversial topic of late.
    • With each new report surrounding a disruptive child on an airplane, the debate continues: How should airlines, parents, and flight attendants deal with the situation?
    • We asked some flight attendants to weigh in.


    How airlines, parents, and crew handle disruptive kids is a mounting and divisive issue, Business Insider's transportation reporter Mark Matousek reports.

    In February, a YouTube video of a toddler screaming, climbing on a chair, and running through the aisles during an eight-hour flight surfaced. Commenters' reactions were deeply split between criticism towards and sympathy for the child and his parents.

    In March, a video shared on social media shows a man and his young daughter getting kicked off a Southwest Airlines flight after the child reportedly threw a tantrum during boarding. Southwest airlines said the family was placed on the next flight after "a conversation escalated onboard" between the crew and the passenger. Other passengers and some on social media have criticized the crew and Southwest for how they handled the incident.

    As Matousek reports, the idea of airlines introducing "child-free zones" is gaining traction. More than half of the 4,000 travelers Airfarewatchdog surveyed in 2017 said families with children under 10 years old should be required to sit in a separate section of the plane.

    Since playing the blame game rarely leads to real solutions, we asked flight attendants to weigh in on what they think airlines, parents, and flight attendants can do when kids are being disruptive. They had a few thoughts:

    There isn't a whole lot the airline can do to stop the disruption

    "Airlines can't handle disruptive children. Besides advising the parent that the kids need to talk quieter, sit down, or not kick the seat in front of them, there's really nothing we can do."

    Flight attendants can sometimes compensate nearby passengers

    "I'm not sure there's much that can be done with a fussy, over-tired toddler. I've seen it in action, and it's very difficult for everyone around. I give free drinks when I can, but not everyone drinks liquor."

    "If a passenger is uncomfortable throughout their flight, they should definitely tell the flight attendants to see if they can be accommodated."

    "Ask to change seats if there are any, use ear plugs, drink a lot of vodka. Crew can help to a certain extent."

    Tell the airline

    "If the flight is full and they can't change your seat, I would reach out to the airline and explain the situation to see if they will provide credit for their next flight."

    Let the parents handle the situation

    "Parents should always have entertainment and food for kids."

    Parents should come prepared

    "As an uncle who just traveled with his two-month-old nephew, the best strategy to flying with a baby is to get them fed and sleeping before the plane takes off and to make sure you have a pacifier to help pop their ears."

    As should passengers

    "Passengers should put on their earphones, listen to music, or watch a movie."

    "This is why you should always bring earplugs and an eye mask! There's not a whole lot flight attendants can do besides politely tell the parent that their child needs to sit down or lower their voice. Parents have it hard flying with kids, especially on long flights."

    Child-free zones probably won't work

    "Whether you have a child-free zone on the aircraft or not, you're still in the same metal tube in the sky. There will never be an enclosed area due to security reasons."

    And they may not be fair

    "Parents shouldn't feel segregated for having children, and they're not the issue — the people who are bothered by the children tend to become more disruptive then the child."

    Ultimately, everyone needs to be patient

    "We all need to be patient with each other. Who can control a screaming child?"

    "Babies cry — its a part of life. And sometimes there's nothing you can do about it. Give those mamas and papas a break."

    SEE ALSO: A day in the life of a United Airlines flight attendant, who woke up before 3 a.m. and ran circles around me for 9 hours

    DON'T MISS: Inside the intensive, two-month training all Delta flight attendants must attend that's harder to get into than Harvard

    Join the conversation about this story »

    NOW WATCH: Banning laptops from plane cabins could make flying more dangerous — here's why

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    berlin hospital

    From the most high-tech infectious disease units in Berlin to ad-hoc vaccination clinics in rural Sierra Leone, there's a huge disparity in the quality of healthcare around the world.

    According to the World Health Organization (WHO), over 400 million people worldwide don't have access to basic medical services like immunization, prenatal care, and antibiotics. For those who do have access, healthcare can still be prohibitively expensive.

    The WHO estimates that 6% of people in lower-income countries are pushed into extreme poverty — defined as living on less than $1.25 USD per day — by spending on healthcare-related costs.

    While not all developed countries provide healthcare as a birthright for all citizens, some countries, through a mix of private and public hospitals, offer much more effective care than others.

    The US has some of the most highly-trained medical staff in the world, but healthcare can be prohibitively expensive for much of the population. 

    Countries like Thailand and Malaysia, on the other hand, attract medical tourists from around the world who may pay less for elective procedures than they would in their home country, in hospitals that offer luxurious accommodations with expert doctors and nurses.

    Check out what hospital rooms look like in countries around the world.

    SEE ALSO: 32 crazy photos of micro-apartments from around the world

    In Sierra Leone, many hospitals are underfunded and ill-equipped to handle large crises like the Ebola epidemic in 2014.

    The country needed outside volunteers to help tackle the epidemic, and provide more training to local doctors and nurses.

    In Haiti, the story's similar. Underfunded hospitals are forced to care for huge populations of people — especially after natural disasters like hurricanes.

    See the rest of the story at Business Insider

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    henry blodget ignition 2017

    The media landscape is almost shifting more quickly than consumers can keep up.

    But certain trends have emerged that will carry the media industry into the future.

    For the past eight years, IGNITION, Business Insider’s flagship conference, has collected the best minds in media and technology to share what they see as the future. Through unscripted interviews, cutting-edge demos, and insights from industry pioneers, attendees learn what key trends to be aware of and what they need to do to stay ahead.

    Henry Blodget opened the latest sold-out IGNITION conference with a presentation entitled 14 Things You’ll Want to Know About The Future of Media. And he should know...Blodget is co-founder, CEO, and editor-in-chief of Business Insider, one of the most-read business and tech news sites in the world with more than 80 million visitors a month worldwide.

    The presentation was put together with the help of the team at BI Intelligence, Business Insider's premium research service.

    Here are some of the key takeaways:

    • We're nearing "peak media" in the U.S.
    • This phenomenon will spread to the rest of the world as four billion more people come online
    • Digital ad spending is still growing
    • Video is not the be-all, end-all of media
    • And much more

    To get your copy of this FREE slide deck, simply click here.

    Join the conversation about this story »

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    maggie the walking dead 812

    Warning: There are spoilers ahead for Sunday's episode of AMC's "The Walking Dead,""The Key."

    While Rick was busy fighting with Negan, Sunday's "The Walking Dead" introduced three mysterious new characters into the fold who aren't in the comics: Georgie and her companions Hilda and Midge.

    Who are they and what are their intentions? INSIDER spoke with Jayne Atkinson, who plays Georgie, to learn all about the newest leader in the zombie apocalypse.

    This is your last chance to head back before spoilers.

    the walking dead georgie twins

    Maggie was thrown for a loop on Sunday's episode when she received an invitation to barter with a mysterious figure. They accepted and she, Enid, and Michonne came face to face with Georgie (Atkinson) and two guards who offered to trade knowledge in exchange for food and phonographs.

    While Maggie wasn't buying their act of kindness at first, she eventually came around. Her trust was rewarded when Georgie gifted her with a book of knowledge about rebuilding civilization. 

    Instead of taking food from Maggie, Georgie left some of hers with the Hilltop surmising they could use it more than them. After collecting some records, the trio went on their merry way. But Georgie promised she would be back some day.

    That was far more kindness than we're used to seeing on "The Walking Dead." What was their deal?

    Here's what we learned about Georgie and her companions from Atkinson.

    She's an intellectual and may have been a professor

    jayne atkinson the walking dead

    "I found a character that I thought she might be like in the "Walking Dead" lore, but this is definitely [showrunner] Scott [Gimple's] brainchild and I was told that she might possibly have been a professor," Atkinson told INSIDER. "She was a history buff. So I extrapolated that maybe she was a history professor. But she clearly had access to libraries and was fascinated by civilizations. So I think that's why they chose the glasses. Even her look, I think they chose almost a professorial sort of look."

    Atkinson believes going around from community to community spreading the knowledge about rebuilding civilization is her mission

    "I believe it is. I don't know that she has made this deal with very many communities," Atkinson says of spreading hope to other communities being her character's calling. "As she says, 'There are very few like you.' And so I believe that she is looking for where she can plant the seed of hope and I believe she chooses Hilltop very, very deliberately."

    "Wherever she's from she has whatever she needs to not only survive, but thrive," Atkinson adds of Georgie's character.

    Are Georgie's intentions pure? 

    georgie twd 812

    "I think they're right in being suspicious of her," Atkinson says of the survivors' initial reaction to Georgie's offer to barter. "[Georgie] expects them to not trust her, she expects that. And so she does not show any aggression, she stays light and confident by design. That's my sense of her."

    However, Atkinson believes her character isn't a danger to the group, at the moment. 

    "When you say trusting her intentions, that's a very, very interesting concept, because when you are in the kind of survival mode that they are in, how do they know who to trust? And when somebody could come and be benevolent, but really have darker intentions," Atkinson continued. "My sense in that [Georgie] doesn't [have darker intentions]. My sense is that she is there to create a sense of purpose and hope, especially for Maggie."

    She's probably not the leader of the Commonwealth

    While diving into the "Walking Dead" lore, Atkinson thought her character may be one who was introduced recently in the comics, but she says that's not the case.

    "I think her name is Pamela," Atkinson said. "There's a picture of her, my son showed it to me. She looks a little like I would look on 'House of Cards,' almost presidential or some sort of leadership position. But her name isn't Georgie so that could be just a red herring."

    Pamela Milton is the leader and governor of a group of about 50,000 survivors living in Ohio who have found a way to rebuild civilization.

    pamela milton walking dead

    In the comics, Milton isn't the one going around from community to community searching for survivors. She has others do that for her and they're dressed in impressive military gear. We're not of the belief they're one and the same.

    Atkinson sees Georgie as a person of great power

    "Wherever she is from and whatever resources she has, has afforded her to be able to not show fear in this particular instance," Atkinson said of Georgie's fearlessness in approaching other communities. "I think that her confidence comes by what we don't know about her and it's very intriguing."

    "She's incredibly wise and probably, wherever she has been, she was incredibly influential," she added.

    Who the two other women are traveling with Georgie

    twd 812 jayne atkinson

    Hilda and Midge are two loyal comrades traveling with Georgie who don't speak much, but who are clearly loyal to her. Atkinson says that's telling of Georgie's character.

    "I think that they are part of her entourage. And and they've been trained. So that gives to me, and again, nobody told me this, a clue of where she's from. That she does come with protection," Atkinson says of Hilda and Midge. "Let's imagine that these two women are snipers. They are trained to protect her. And they're trained to protect. I find that fascinating."

    How Georgie was able to print out so many copies of this book that she's carrying around

    "Maybe she was able to do this, and she had time before everything went to sh--. Maybe she's from an elite community that hasn't been touched that we haven't seen. Maybe she had this in her home and she's been doing this and sort of sensing, perhaps, that this might happen and so she was preparing for a long time for this," Atkinson said. "There are people who have storage spaces in the ground that have years worth supply of food."

    "There are many different scenarios," said Atkinson who has a theory of her own about Georgie's character. "My imagination is that potentially she was from a community that somehow remained mostly untouched by this apocalypse."

    Why Georgie wants phonographs

    Georgie makes a perplexing bartering trade to Maggie in exchange for her manual on rebuilding civilization. She asks for Maggie to fill a crate full of records.

    It seems like a pretty specific and obscure ask, but Atkinson says if her character is a historian, there may be a useful reason to want some old records. 

    "Maybe she's communicating that creativity and artistry is so important to a surviving and thriving world. As you know, when things start to get very difficult and try to skew towards the more conservative, there is sometimes a desire to shut down the arts and not fund the arts and not fund creativity, because that's where consciousness lies," Atkinson said. "That's where evolution and change lie, in our imagination. We have the best gift on the planet at the imagination. And you can't buy it, you can try to co-opt it. But you can't shut it down. You can't ever shut it down. But there is always a movement to do that. So maybe that's the message."

    Atkinson also thinks Georgie may be trying to preserve an important part of culture. 

    "She is preserving and showing us by preserving what's important. What holds value," she adds. "I think when you have a world ... what will hold value? And she's saying [to Maggie], 'This holds value. You gotta eat.' She gives them her food. You've got to imagine the future and here's the tools for you to do it."

    Will we see Georgie again?

    Atkinson hopes so!

    Georgie tells Maggie before she leaves that she'll return and when she does she expects great things. 

    "I do believe we could see her again," says Atkinson. "[Georgie] says it, and I believe her. I haven't been told that, but I think when she says, 'I'll be back' ... They had her say it. That's all I know."

    You can follow along with our "Walking Dead" coverage here and sign up for our weekly "TWD" newsletter throughout the rest of the season here.

    Join the conversation about this story »

    NOW WATCH: These bionic arms make kids feel like superheroes

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    jayne atkinson twd 812

    Warning: There are spoilers ahead for Sunday's "The Walking Dead,""The Key."

    "House of Cards" actress Jayne Atkinson appeared on Sunday's episode of "The Walking Dead" as a mysterious new leader who traded knowledge with Maggie at the Hilltop.

    Though she was working on the Netflix series and "Madam Secretary," her surprise cameo on the AMC series came about pretty easily.

    "They offered me the part, I read it, I felt so excited and I loved her," Atkinson told INSIDER. "I loved who she was and what she had to say in this universe, this very broken universe of the 'Walking Dead.' And so I said yes."

    Once she said yes, Atkinson said everything about her character was kept tightly under wraps.

    "Everything's shrouded in secrecy," she said. "They keep things very close to the chest. Even our director Greg [Nicotero] said they don't tell us much."

    Atkinson wasn't told much about the character who doesn't appear in "The Walking Dead" comics or games other than that she may have been a professor before the apocalyspe began.

    the walking dead jayne atkinson georgie

    She then couldn't tell anyone about her appearance, but there was one person she shared the news with.

    "I've had to keep it a secret. And I was going to keep it a secret from my son, because that and 'Game of Thrones' are his favorite shows," she said hoping her son would just see her on the show and be surprised. "He's off at his first year of college, so I sort of said, 'Are you gonna watch Walking Dead this year?' And he said, 'Mom, I don't think so, I'm just too busy.' My heart sank."

    After she spilled the beans, Atkinson says he showed her an image of who she thought her character may have some ties to in the comics.

    "I think her name is Pamela. There's a picture of her, my son showed it to me," said Atkinson. "She looks a little like I would look on 'House of Cards' ... almost presidential or some kind of leadership position. But her name isn't Georgie, so that could be just a red herring."

    In the comics, Pamela Milton is the leader of the Commonwealth, a group of nearly 50,000 survivors living comfortably in Ohio.

    jayne atkinson pamela milton

    Before you start making comparisons between the two, Atkinson was clear Georgie appears to be her own original character.

    "This is definitely [showrunner] Scott [Gimple's] brainchild," she said.

    You can read more from our chat with Atkinson where she breaks down Georgie's mysterious character with us here.

    Follow alongwith our "Walking Dead" coverage here and sign up for our weekly "TWD" newsletter throughout the rest of the season here.

    Join the conversation about this story »

    NOW WATCH: Why 555 is always used for phone numbers on TV and in movies

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    the walking dead rick grimes glenn grave

    Warning: There are massive spoilers ahead for AMC's "The Walking Dead" episode, "The Key."

    Sunday's "The Walking Dead" was full of a few surprises and one big action-packed showdown between Rick and Negan. 

    While Rick was exacting revenge on the Savior leader, there were some smaller details you may have overlooked, including an indirect nod to a fun comic cover. Keep reading for everything you may have missed on Sunday's episode.

    Dwight empties a cigarette box to look at a wedding ring.

    There's also a partially used cigarette that falls out of the box. Both hold a special meaning to him. 

    The ring belongs to his ex-wife Sherry along with the used cigarette.

    Dwight holds onto both as a reminder of his ex-wife Sherry who became one of Negan's wives to save Dwight's life. She fled the Sanctuary on season seven and left Dwight a note along with her wedding ring at their old home where she apologized for how she changed him.

    "You've killed and you've become everything you didn't want to be, and it's my fault," Sherry's note read. "You were better than me. Most people are. I let Daryl go because he reminded you of who you used to be, and I wanted to let you forget."

    Since then, Dwight has been trying to reform — or at least stay true to himself and be more of the man Sherry may remember. He's currently double-crossing Negan's Saviors to try to help Rick's group, even if they're questioning his motives.

    Rick and Daryl gather together at a grave.

    After losing his son, Rick's paying his respects to another person he recently lost.

    See the rest of the story at Business Insider

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    Insurtech 2.0

    Tech-driven disruption in the insurance industry continues at pace, and we're now entering a new phase — the adaptation of underlying business models. 

    That's leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management. 

    This report from Business Insider Intelligence, Business Insider's premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate. 

    Here are some of the key takeaways:

    • Funding is flowing into startups and helping them scale, while legacy players have moved beyond initial experiments and are starting to implement new technology throughout their businesses. 
    • Distribution, the area of the insurance value chain that was first to be disrupted, continues to evolve. 
    • The fundamentals of insurance — policy creation, underwriting, and claims management — are starting to experience true disruption, while innovation in reinsurance has also continued at pace.
    • Insurtechs are using new business models that are enabled by a variety of technologies. In particular, they're using automation, data analytics, connected devices, and machine learning to build holistic policies for consumers that can be switched on and off on-demand.
    • Legacy insurers, as opposed to brokers, now have the most to lose — but those that move swiftly still have time to ensure they stay in the game.

     In full, the report:

    • Reviews major changes in the insurtech segment over the past year.
    • Examines how startups and legacy players across distribution, insurance, and reinsurance are using technology to develop new business models.
    • Provides our view on what the future of the insurance industry looks like, which Business Insider Intelligence calls Insurtech 2.0.

    Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

    This report and more than 250 other expertly researched reports
    Access to all future reports and daily newsletters
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    And more!
    Learn More

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    maggie the walking dead 812

    Warning: There are spoilers ahead for Sunday's "The Walking Dead,""The Key."

    Sunday's "The Walking Dead" introduced a group of new characters led by a mysterious woman named Georgie (Jayne Atkinson).

    While the name didn't ring any bells in "The Walking Dead" universe, fans thought she looked a lot like a newer character from the comics, Pamela Milton. 

    Who is Pamela? 

    Pamela Milton is the leader of a group of about 50,000 survivors called the Commonwealth. They're located pretty far from Rick and the crew in Ohio. 

    Her character doesn't appear for some time in the "Walking Dead" universe so fans were surprised to see someone who reminded them of Pamela on Sunday's episode.

    The two even share a resemblance.

    the walking dead pamela georgie

    Why it's probably not Pamela

    INSIDER spoke with Atkinson about her new role on the show. She was also of the belief she may be Pamela at first.

    "I found a character that I thought she might be like in the "Walking Dead" lore, but this is definitely [showrunner] Scott [Gimple's] brainchild and I was told that she might possibly have been a professor," Atkinson told INSIDER.

    "There's a picture of her [Pamela], my son showed it to me," she added. "She looks a little like I would look on 'House of Cards,' almost presidential or some sort of leadership position. But her name isn't Georgie so that could be just a red herring."

    You can read all about the trio of new characters from our interview with Jayne Atkinson here.

    Follow along with our "Walking Dead" coverage here and sign up for our weekly "TWD" newsletter throughout the rest of the season here.

    Join the conversation about this story »

    NOW WATCH: The surprising reason why NASA hasn't sent humans to Mars yet

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    austin explosion

    • Two men were injured Sunday night in a possible explosion in Austin, Texas, police said.
    • The incident marks the fourth blast in the city in March.
    • Police have been investigating a string of deadly package bombs that killed two men and seriously injured an elderly woman.
    • It's unclear whether Sunday night's explosion was connected to the three others.

    Two men suffered non-life-threatening injuries after an explosion in a southwest Austin, Texas, neighborhood on Sunday evening, police said.

    The Austin Police Department said on Twitter that residents near the area should stay in their homes until officers instruct otherwise.

    The incident comes after a recent string of deadly package bombings, which killed two black men and severely injured an elderly woman in March. Authorities said they believed at least two of the blasts were linked.

    It's unclear if the explosion on Sunday night was caused by another package bomb or was at all related to the previous blasts.

    Austin Police Chief Brian Manley told reporters on Sunday that it was "obvious that an explosion has taken place," but that nightfall had prevented them from determining exactly what happened.

    Manley said it's unlikely police will know more, or deem the neighborhood safe, until daybreak. He said police are working to clear a second item in the area that appears to be a backpack.

    Manley added that he couldn't answer reporters' questions because investigators don't yet know enough about the Sunday night incident, but reiterated authorities' message to avoid all suspicious-looking packages.

    "Not only do not touch any packages or anything that looks like a package, do not even go near it at any time," he said.

    'We want to understand'

    austin bombingsManley held a press conference earlier Sunday saying that authorities wanted whoever was responsible for the package explosions to come forward and share their "message."

    "These events in Austin have garnered worldwide attention, and we assure you that we are listening," Manley said, addressing the bomber or bombers directly. "We want to understand what brought you to this point, and we want to listen to you."

    Manley added that anyone responsible for the explosions could contact police through 911 or reaching out online. He added that police haven't yet determined a motive for the attacks.

    The previous three explosions in March occurred in different parts of Austin. The first one occurred on March 2, killing 39-year-old Anthony Stephan House.

    House's death was initially investigated as suspicious but was later viewed as a homicide, The Associated Press reported. The bomb that killed him was powerful enough to destroy the front porch of the house, Manley told reporters.

    Two other explosions occurred on March 12 — one of them killed 17-year-old Draylen Mason, and the second seriously injured a 75-year-old Hispanic woman.

    None of the packages were delivered through the mail. Instead, they were left overnight on the victims' doorsteps.

    Police are investigating potential connections between House and Mason, both of whom belonged to prominent African-American families whose members knew each other.

    Investigators have also speculated that the bomb that injured the elderly Hispanic woman may have been intended for a different target, The New York Times reported.

    Here's a map of where the first three explosions occurred:

    Austin bombings map

    This is a developing story. Check back for updates.

    SEE ALSO: Police say wave of package explosions in Austin, Texas, could be linked

    Join the conversation about this story »