WILMINGTON, MA — Here are highlights from the Wilmington Police Log for Wednesday, October 3, 2018:Equipment was reported stolen from Koch Membrane on Main Street. (1:09pm)Police received report of a male and female fighting in the parking lot of Dunkin Donuts on Ballardvale Street. Male got into his vehicle and left, but then returned. Police advised both of their 209A rights. Both claimed there was no issue. (2:23pm)A caller reported her dog was in an altercation at the Town Dog Park. Dog had small puncture wound. Caller obtained license plate number of dog’s owner, who refused to give any information. Caller requested a follow-up from the Animal Control Officer. (4:23pm)A 2-vehicle crash took place on Lowell Street. Both drivers refused medical attention. One vehicle towed. One driver was cited for texting, following too closely, and speeding. (6:41pm)Police called to Yentile Farm after dog was seen on soccer field. Dog’s owner was advised of park rules. (7:48pm)3 motorcycles were involved in a crash on Chestnut Street. No injuries noted. 2 motorcycles towed. (10:42pm)(DISCLAIMER: This information is public information. An arrest does not constitute a conviction. Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for August 18: 2 Vehicles With Same License Plate; Statue Missing From Wildwood CemeteryIn “Police Log”POLICE LOG for August 19: Fist Fight At Planet Fitness; Hawk Stuck Inside Building; Gas Line StruckIn “Police Log”POLICE LOG for July 18: Cat Gets Stuck In Wall After Plastering Project; Baby Raccoons Get Stuck In ChimneyIn “Police Log”
ReutersIndia’s traditional bullion investment is on a decline due to slipping prices of the yellow metal amid a weak global trend. The constant fall in the price of gold over the past year has shaken the faith of the Indian buyer– one of the biggest consumers of gold and other precious metals.Currently, gold is being sold for around ₹27,000 per ten gram.Gold reached its highest at ₹35,074 per ten gram in August 2013, but then onwards the bullion prices have slipped steadily aided by weak prices overseas and a strengthening rupee.Indian bullion expert Harish Galipelli from Inditrade Derivative and Commodities Ltd. told Reuters that India’s demand for gold will largely remain unaffected mainly due to traditional reasons such as offering gifts and decorating Hindu temples.”But as the banking network expands and literacy rises, people in rural areas will explore other investment products like mutual funds and bank deposits. The mindset is slowly changing.”Gold is the second-biggest item on the import bill after oil. According to Reuters, if the nation’s love for gold fades away, it would help India’s external deficit.Equities:The investment demand for gold declined by 67% in the June quarter from a year ago to 49.6 tonnes, according to World Gold Council (WGC). Industries and WGC have estimated that demand for this precious metal would halve to 190 tonnes in the current year. Investment demand in India was 37% of total 2013 gold sales.Indian gold exchange-traded funds have suffered 15 straight months of outflows. On the other hand, Indian stock indices have been recording high, while $50 billion has flowed into mutual funds in the financial year starting from 1 April which is six times more compared to previous year.Shifting Sentiment:A decade of steady surge in gold prices till August 2013 led investors to buy this expensive metal, but the scenario is changed now.”The 11-year rally in gold prices created a perception that they will only go up. This price fall has broken that conviction,” Reuters quoted Prithviraj Kothari, vice president of the India Bullion & Jewellers’ Association.”During uncertainly, people chase gold. Now, since we have stability, economic growth will revive. It will ultimately push up the stock market and real-estate prices,” Kothari added.Moreover, a major push by the BJP government for every household to get a bank account under the Pradhan Manti Jan Dhan Yogana scheme could take the focus off gold investments.Five Reasons: Why Investors are selling gold? ReutersA major reason for the gold nosedive is RBI easing import restriction on gold, reported NDTV.Easing of Import Restrictions by RBI led to a decline of ₹800 in gold prices on 22 May this year. The apex bank expanded the number of private agencies that can import the precious metal while allowing banks to provide gold loans to the sector.Anticipation of Price Dip by bullion traders: Nation’s current account deficit slipped more than half to $32.4 billion in FY14 from $88 billion in FY13. The rupee also strengthened which helped the cost of imported gold decline and gave more space to ease import restrictions.Seasonal demand: Generally gold demand in India surges during festival or wedding season. Falling investment demand: Total demand during January to March in 2014 slipped by 54% at 44.7 tonnes from 98 tonnes in the same quarter last year, according to World Gold Council. Analysts opined that, with Indian stock markets surging, interests in gold as an investment asset is likely to remain gloomy.Decline in Global gold prices
Photo via Twitter @PeterAronsonCrowds of people gathered on central Reforma Avenue in Mexico City as the ground shook.A powerful magnitude-7.2 earthquake shook south and central Mexico Friday, causing people to flee swaying buildings and office towers in the country’s capital, where residents were still jittery after a deadly quake five months ago.Crowds gathered on Mexico City’s central Reforma Avenue as well as on streets in Oaxaca state’s capital, nearer the quake’s epicenter, which was in a rural area close to Mexico’s Pacific coast and the border with Guerrero state. There were no immediate reports of deaths.“It was awful,” said Mercedes Rojas Huerta, 57, who was sitting on a bench outside her home in Mexico City’s trendy Condesa district, too frightened to go back inside. “It started to shake; the cars were going here and there. What do I do?”She said she was still scared thinking of the Sept. 19 earthquake that caused 228 deaths in the capital and 141 more in nearby states. Many buildings in Mexico City are still damaged from that quake.The U.S. Geological Survey originally put the magnitude of Friday’s quake at 7.5 but later lowered it to 7.2. It said the epicenter was 33 miles (53 kilometers) northeast of Pinotepa in southern Oaxaca state. It had a depth of 15 miles (24 kilometers).Mexican Civil Protection chief Luis Felipe Fuente tweeted that there were no immediate reports of damages from the quake. The Oaxaca state government said via Twitter that only material damages were reported near Pinotepa and Santiago Jamiltepec, but that shelters were opened for those fleeing damaged homes.Hasta el momento sólo daños materiales por sismos de 7.2. Los municipios con mayor afectación Jamiltepec y Pinotepa #Oaxaca— ProtecciónCivilOax (@CEPCO_GobOax) February 17, 2018 Un fuerte terremoto sacude México https://t.co/DbJhGhtUZ6 #noticias #Mundo pic.twitter.com/cA491bDev0— 24 España (@24Espana) February 17, 2018 Tratándose de un sismo de más de 7 grados, por protocolo se instala el Comité Nacional de Emergencias en el Centro Nacional de Prevención de Desastres. Desde ahí @PcSegob estará informando.— Enrique Peña Nieto (@EPN) February 17, 2018 El sismo magnitud 7.2 que ha sacudido a México pic.twitter.com/O52k6z2MRS— Joaquín López-Dóriga (@lopezdoriga) February 17, 2018 Realizamos recorridos en diversas zonas en #Oaxaca HASTA EL MOMENTO se reportan sólo daños materiales, sin pérdida de vidas humanas @Heliodoro_hcde pic.twitter.com/NxBWQFUyMo— ProtecciónCivilOax (@CEPCO_GobOax) February 17, 2018The Mexico City Red Cross said via Twitter that the facade of a building collapsed in Mexico City’s Condesa neighborhood, which was hit hard on Sept. 19. A video showed people walking through a dust cloud. But reporters at the scene later found no evidence of a collapse at the location given.About an hour after the quake, a magnitude 5.8 aftershock also centered in Oaxaca caused tall buildings in Mexico City to briefly sway again.USGS seismologist Paul Earle said Friday’s earthquake appeared to be a separate temblor, rather than an aftershock of a Sept. 8 earthquake also centered in Oaxaca, which registered a magnitude of 8.2. The Sept. 19 earthquake struck closer to Mexico City.The Sept. 8 quake killed nearly 100 people in Oaxaca and neighboring Chiapas, but was centered about 273 miles (440 kilometers) southwest of Friday’s earthquake, Earle said.In Mexico’s capital, frightened residents flooded into the streets in Condesa, including one unidentified woman wrapped in just a towel, but there were no immediate signs of damage.“I’m scared,” said Rojas Huerta, recalling five months ago when buildings fell as she ran barefoot into the street. “The house is old.” Un fuerte terremoto sacudió México https://t.co/aSV0o3Bazu pic.twitter.com/Jwf4MYFSSp— Clarín (@clarincom) February 17, 2018 Facades of buildings collapsing in #CDMX, Mexico capital, after a 7.2 earthquake #Sismo hit the country. The epicenter was in Pinotepa Nacional, Oaxaca. pic.twitter.com/WVPEPeJnMf— Guido Mastrangelo (@GuidoGma) February 17, 2018 Sismo en Ciudadde México pic.twitter.com/OYgWNGHibp— Sergio Rincón (@SerchRincon) February 16, 2018 Share Strong Stay Mexico, #earthquake #Sismo #AlertaSismica #Oaxaca #Periscope pic.twitter.com/PDe6vGLsq9— Netrojen (@NetrojenEN) February 17, 2018 Magnitud 7.2 #earthquake strikes the state of #Oaxaxa , we felt it in #MexicoCity very strong. I hope everyone is safe. #Sismo #Temblor #AlertaSismica #Mexico via @emaglaw pic.twitter.com/sBXGe3qNsF— Real News Line (@RealNewsLine) February 17, 2018 Un fuerte terremoto sacude México. El temblor, con una intensidad de 7.5, ha tenido su epicentro en el estado de Oaxaca. Por el momento, se desconoce si hay víctimas. #SismoOaxaca pic.twitter.com/TjixQwLu05— Lattin Magazine (@lattin_magazine) February 17, 2018 #Ahora / Cruz Roja Mexicana atiende a personas con crisis nerviosas en diversos puntos de la #CDMX tras el #Sismo de 7.2— Cruz Roja Mexicana IAP (@CruzRoja_MX) February 17, 2018
Mueller reinforced that he had not “exculpated” President Trump and said he believed Trump could be charged with obstruction of justice when out of office. Mueller said he thought that future political campaigns should report contacts with foreign agents and that they could be, “depending on the circumstances, a crime.” As to Trump’s praise of WikiLeaks in 2016 as it was revealing material stolen by Russian cyberattackers: “Problematic would be an understatement,” Mueller said. Read Mueller’s opening statement. Republicans and Democrats took their questions for former special counsel Robert Mueller in sharply different directions on Wednesday. Mueller appeared before both the House judiciary and intelligence committees. Peril from foreign interference in American elections will persist through the 2020 presidential election, former special counsel Robert Mueller warned on Wednesday.Asked whether Russia would attempt to attack future U.S. elections, as it did in 2016, Mueller replied: “They’re doing it as we sit here.”Mueller didn’t detail a prescription for how he believes Congress or the United States should respond, but he recommended generally that intelligence and law enforcement agencies should work together.“They should use the full resources that we have to address this,” Mueller said.That warning followed hours of hearings before two committees in which Democrats sought to underscore Mueller had not cleared Trump of obstruction allegations and that he had found many contacts between Trump’s campaign and the Russian interference in the 2016 election.“Did you actually totally exonerate the president?” asked House Judiciary Committee Chairman Jerry Nadler, D-N.Y.“No,” Mueller said.Watch: Mueller On ‘Exoneration’ ClaimThe exchange made the point that Democrats have repeated since Mueller filed his report: His findings don’t boil down to a vindication or an inoculation for Trump, as the president claims.What isn’t clear is what they will mean in terms of actions by the president’s opponents.Mueller studiously avoided being drawn into questions about prospective impeachment proceedings — which divide the Democrats that control the House majority — although he admitted that someone else might decide to charge Trump with a crime after he’s no longer in office.Rep. Ken Buck, R-Colo., asked Mueller whether he believed there was sufficient evidence for a charge when Trump no longer enjoys the protection of the Justice Department policy that forbids indicting a president.Yes, Mueller said. But for the Office of Legal Counsel’s opinion that bars charging a president, the former special counsel said to Rep. Ted Lieu, D-Calif., that he and his office might have decided whether to try to bring an indictment against Trump.Some Democratic presidential candidates have endorsed doing so if they’re elected next year, but no president has ever been prosecuted after the fact for actions in office — another political minefield for the party to navigate.Other Democrats on Wednesday emphasized what they called key findings from the special counsel’s investigation, including the details about Trump’s then-campaign chairman, Paul Manafort, meeting with a Russian contact who has been linked with Russia’s intelligence agencies — and giving him polling and other material from the Trump campaign.But Mueller also stressed that he would not go beyond what he has already said or written or violate the guidelines the Justice Department has imposed on what he can reveal on Wednesday.Time and time again, he declined to associate himself with whatever characterization was being drawn by a lawmaker questioning him and on a few occasions he responded simply: “I take your question.”Collins and Co. for the minorityRepublicans used their time with Mueller to emphasize that the special counsel established no conspiracy between the Trump campaign and the Russian attack on the election.House Judiciary Committee Ranking Member Doug Collins, R-Ga., sought to underscore the thoroughness of Mueller’s report — and the conclusion, supported by that thoroughness, that there had been no conspiracy between Trump’s campaign in 2016 and the Russians who interfered in the election.Other members attacked the former special counsel for what they called malpractice and bias.Rep. John Ratcliffe, R-Texas, told Mueller that he had failed to fulfill his responsibilities as a prosecutor by writing that he could neither charge Trump nor “exonerate him” — but exoneration is not a prosecutor’s job, Ratcliffe said.His job is to determine whether sufficient evidence exists to bring a charge and, if he can’t, not only mustn’t he bring the charge, he also must not reveal what he uncovered since there won’t be an indictment, Ratcliffe said.“You managed to violate every principle and most sacred tradition for prosecutors,” the Texas congressman said.Ratcliffe asked Mueller whether he could cite a written Justice Department policy that permitted the specific actions he had taken with his investigation and his report.“I cannot,” Mueller said, “but this is a unique situation.”Rep. Steve Chabot, R-Ohio, sought to draw Mueller out about some of the more salacious aspects of the Russia imbroglio, including the so-called Russia dossier produced by former British intelligence officer Christopher Steele.But Mueller wouldn’t go there.He said that matter was being handled by others inside the Justice Department and, at one point, said he didn’t know either the names Fusion GPS — the political intelligence firm that commissioned the Steele material — or Glenn Simpson, its founder.Mueller deferred again in the session with the House intelligence committee to address alternative hypothesis propounded by Ranking Member Devin Nunes, R-Calif., and other members about the early phase of the Russia investigation.That’s also being investigated by others in the Justice Department, he said.The former special counsel also tried to dispute accusations that members of his team were politically biased because of their work with Democrats or political contributions. Mueller said he picked the most effective people for the job.The Justice Department calls for officials not to consider employees’ political views when hiring or making assignment.Reluctant witnessThe white-haired former G-man didn’t want to testify before Congress. He gave one-word or monosyllabic answers, asked members of Congress to repeat themselves, and frequently responded by saying, “I’d refer you to the report.”Mueller said in a brief statement at the Justice Department earlier this year that his report was his testimony and that he didn’t think it would be appropriate for him to star in a big set piece event on Capitol Hill.The longtime prosecutor also sometimes appeared to struggle to follow which members of Congress were questioning him and he wasn’t able to recount precisely, at one point, which presidents in the past had nominated him for which of the roles he has served.Democrats insisted that Mueller appear. They negotiated for months and eventually compelled him with a subpoena.Nadler believed it would be valuable for more Americans to see and hear Mueller on TV describing what he found in his investigation, given that many people haven’t read his report.Mueller documented a vast wave of interference by Russia’s government in the 2016 presidential election with the object of hurting candidate Hillary Clinton and helping Trump get elected.The special counsel’s office also documented many contacts between Trump’s campaign and Russians during that time but did not establish a criminal conspiracy related to the election.Rep. Jim Himes, D-Conn., mentioned during the intelligence committee hearing that national security officials — including, earlier this week, FBI Director Christopher Wray — have warned that election interference will continue through the 2020 presidential race.Knowing what Americans know today, Himes said, should a campaign contacted by foreign agents report that to the FBI?l“It should and it can be — depending on the circumstances — a crime,” Mueller said.As to Trump’s praise for WikiLeaks in 2016 while it was revealing politically embarrassing material stolen by Russian government cyberattackers, Mueller was asked how he reacted to those comments.“Problematic is an understatement,” Mueller said.Volume II of Mueller’s report details a number of instances that Democrats and other critics have called obstruction of justice, including attempts by Trump to remove Mueller himself — and then cover up those efforts.President sanguineTrump and his aides insisted they were unconcerned about Mueller’s testimony.The special counsel’s office closed without bringing any more criminal charges against Trump’s inner circle, and Trump has stressed that he views Mueller’s report — which explicitly does not exonerate the president — as an exoneration.Trump’s private lawyer, Jay Sekulow, said ahead of the hearing that the legal team wouldn’t have a “war room” running to countermessage Mueller’s testimony. Trump allies inside and outside the White House said they believed the former special counsel wouldn’t stray beyond his report, but still faulted Mueller’s comments.“This morning’s testimony exposed the troubling deficiencies of the special counsel’s investigation,” Sekulow said Wednesday.“The testimony revealed that this probe was conducted by a small group of politically biased prosecutors who, as hard as they tried, we’re unable to establish either obstruction, conspiracy, or collusion between the Trump campaign and Russia.”Trump has revisited some of his old attacks on Mueller as being “conflicted” and a “never Trumper,” but he also sought to appear calm about the hearings beforehand.All the same, the president offered his own commentary about the pre-gavel coverage before Mueller’s opening statement on Wednesday: “NO COLLUSION, NO OBSTRUCTION!”NO COLLUSION, NO OBSTRUCTION!— Donald J. Trump (@realDonaldTrump) July 24, 2019The only thing on Trump’s schedule for Wednesday is a private fundraiser later in the day in West Virginia.The president had said he wasn’t planning to tune in to see Mueller — and then also said, “Maybe I’ll see a little bit of it.”NPR White House correspondent Tamara Keith contributed to this report.Copyright 2019 NPR. To see more, visit https://www.npr.org. Chip Somodevilla/Getty ImagesFormer special counsel Robert Mueller testifies before the House Judiciary Committee about his report on Russian interference in the 2016 presidential election on Wednesday.Get Caught Up: Updated at 3:30 p.m. ET Share
In a matter of minutes, State prosecutors wrapped up the Freddie Gray case by dropping all criminal charges against the remaining three officers set to stand trial for his death on July 27.No one will be held criminally responsible for the death of the 25-year-old, who was killed while in police custody.Baltimore State’s Attorney Marilyn Mosby, at podium, holds a news conference near the site where Freddie Gray, depicted in mural in background, was arrested after her office dropped the remaining charges against three Baltimore police officers awaiting trial in Gray’s death, in Baltimore, Wednesday, July 27, 2016. The decision by prosecutors comes after a judge had already acquitted three of the six officers charged in the case. At left is Gray’s father, Richard Shipley. (AP Photo/Steve Ruark)Reporters rushed out of the Clarence M. Mitchell, Jr. Courthouse with the news, where they had gathered before Baltimore Circuit Court Judge Barry Williams to hear pre-trial motions for Officer Garrett Miller, who was facing charges of second degree assault, misconduct in office, and reckless endangerment.Instead of settling matters related to how Miller’s testimony against Officer Edward Nero would affect his own trial, Chief Deputy State’s Attorney Michael Schatzow and Deputy State’s Attorney Janice Bledsoe made three quick motions that put an end to the ordeal, which began a little more than a year ago in the Gilmor Homes public housing complex.“We do not believe that Freddie Gray killed himself,” said a clearly upset Marilyn Mosby, a press conference in West Baltimore housing complex after the charges were dropped. “The judge has acquitted three of these officers- one of the arresting officers, the wagon driver, and the highest ranking police officer in this matter.” Officer Edward M. Nero, Lt. Brian W. Rice and Officer Caesar R. Goodson, Jr. were all acquitted earlier this year.“In light of these consistent outcomes, the likelihood of the remaining defendant’s decision to elect a bench trial with this very same judge is highly probable and unfortunately, so is the outcome,” added Mosby.Mosby alleged that the case was sabotaged from the beginning. In her press conference she said, “There were individual police officers that were witnesses to the case, yet were part of the investigative team.”She also cited interrogations conducted with no hard questions as evidence of the sabotage, along with uncooperative lead detectives that started a counter investigation and failed to execute search warrants pertaining to text messages among the police officers charged.While critics say the six acquittals are a failure on her part, Mosby said, “The only loss- and the greatest loss in all of this was that of Freddie Gray’s life.”A total of six officers were charged in the death of Freddie Gray, who died days after being arrested for carrying a spring knife and running way from a police officer after making eye-contact. Somewhere between running from the police and the seven stops the police van made before calling a medic, Gray’s spine was fatally damaged.Along with Miller, Officer Edward M. Nero was charged with second-degree assault, and reckless endangerment. Lt. Brian W. Rice, the highest ranking police officer present during the April 12 arrest last year, and was charged with involuntary manslaughter, second-degree assault, and reckless endangerment.Officer Caesar R. Goodson, Jr., the van driver, faced the most serious charge of second degree depraved heart murder, involuntary manslaughter, second-degree assault, manslaughter by vehicle due to gross and criminal negligence, misconduct in office and reckless endangerment.Officer William G. Porter was charged with involuntary manslaughter, second-degree assault, misconduct in office and reckless endangerment.Sgt. Alicia D. White was charged with involuntary manslaughter, second-degree assault, reckless endangerment, and misconduct in office.Before Miller and White’s cases were dropped, Porter’s trial ended in a mistrial last year and Nero and Rice were acquitted. Five of the six officers charged are now suing Mosby in a civil court for defamation of character.“The State decided to dismiss the cases because at this point they were really on the verge of being accused of a malicious prosecution- prosecution they know will not result in a conviction,” said Warren A. Brown, a Baltimore defense attorney not associated with the case. “The evidence was not going to be any different. The charges were not going to be any different. The judge was not going to be any different. It was going to be a court trial and you could easily see what the result would be.”Though Mosby lost the most high-profile cases of her career so far, Doug Colbert, a law professor at the University of Maryland Francis King Carey School of Law, said the case represents, “new ground broken.”“Every officer now knows that he or she will be held criminally accountable when a police officer is responsible for someone dying in police custody. There will be many positive changes that result from bringing these trials,” he said.According to Mosby, those changes also include cameras in every police van, new accountability requirements to make sure officers are adhering to “departmental policy, general orders, or procedures,” the mandate that all prisoners be in a seatbelt when being transported, and body-worn cameras for all officers.
© 2011 PhysOrg.com Explore further Expedition heads for world’s deepest undersea volcanoes Yeti crab. Image: Andrew Thurber (PhysOrg.com) — A research team sailing on the vessel James Cook has been studying the unique habitat surrounding deep sea vents in the Indian Ocean far off the south-east coast of Africa. The vents, created by under-the-sea-floor volcanic activity, spew black cloudy liquid and create a hot hostile environment. One of them, known as the Dragon Vent, was the main focus of cameras fixed to an aquatic robot that captured the existence of some of the exotic animals that are able to live in the distinctive environment. One of those creatures, a type of yeti crab, may even be a species unknown to science. 你需要安装能够查看此内容的 Adobe Flash Player。Please click here to continue.The expedition, sponsored by Britain’s Natural Environment Research Council and led by Dr. Jon Copley, a marine biologist, set sail from South Africa early in November and concluded its voyage this past week. During the middle part of that trip, the team sent down a robot called Kiel 6000 which has both cameras and a means for collecting samples of marine life, to the vents to see what sorts of animals might be living down there. Other such ventures to other vents in the Indian Ocean, as well as in other oceans have shown that truly unique types of creatures have evolved that are able to flourish in such a strange part of the planet. What’s not clear, however, is how such creatures manage to move the vast distances between such vents, as the vents, just like volcanoes on land, tend to go dormant between periods of activity.Other types of sea life found around vents include sea cucumbers, which are long and skinny and are related to sea stars and unique types of snails, shrimp and mussels.The vents in this latest study, are part of the South West Indian Ridge, and were first noted in 2007 by a team of Chinese researchers. Vents, or fissures in the sea floor, in general were first found to exist back in 1977 and have attracted attention since that time due to the unique life forms that call such areas home, and the fact that such vents tend to create tall mineral spires that look like chimneys which also quite often contain precious metals. It’s the existence of these metals though that could pose problems for the aquatic life as humans are apt to destroy the unique ecosystem in extracting them. The Dragon Vent, for example, is likely to be impacted soon as China has just recently been granted mineral exploration and extraction rights by the body of the United Nations responsible for doling out such permission. Citation: British oceanographers find new species in Indian Ocean hydrothermal vents (2011, December 29) retrieved 18 August 2019 from https://phys.org/news/2011-12-british-oceanographers-species-indian-ocean.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Using smart cards has nowadays become an easy and convenient option for daily transactions. But do you accurately remember the amount of the last transaction you made with your smart card? The chances are less as researchers have found that customers who pay for their purchases by card are less likely to remember the precise amount paid as compared to those who make cash transactions.The findings, published in the journal Marketing Letters, apply to both single-function cards that offer only a payment function and multifunctional, or smart cards which may also include bonus programmes, user identification or other functions.The research assumes significance in view of the fact that a precise recollection of past spending has an effect on the willingness to spend money in the future, the researchers explained.It is estimated that approximately three billion new smart cards will be issued across the globe by 2017.Smart cards combine the payment function with additional functionalities that can be directly governed through our smartphones or smart watches in the near future, the researchers noted.”We wanted to show that individuals who pay by card have a less accurate recall of the amount paid than individuals who settle their bill with cash,” said Rufina Gafeeva from the University of Cologne in Germany.”Individuals who use the non-payment functions of the multifunctional card are less likely to remember the transaction details accurately.”The researchers interviewed 496 college students over their payment methods, initially before the introduction of multifunctional cards within the cafeterias and the second time, when smart cards were introduced one year later.The results showed how such shifting methods of payment from cash to smart cards are affecting the customers.