Source: Kevin Pelton/ESPN Philadelphia 76ers7933.27710-223.2 4th266011th1930 6th238013th1760 Charlotte Hornets/Bobcats5644.16900+1255.9 New York Knicks3138.72660-478.7 NBA draft lotteries, 2013-15Sources: Basketball-Reference.COM, Wikipedia New Orleans Pelicans2850.92380-470.9 7th228014th1690 Toronto Raptors100.20-100.2 TEAMEXPECTEDACTUALLUCK Armed with those pick values — and the lottery probabilities for the past three years — we can run a series of simulations to figure out how much value each team was expected to glean from the draft before the lottery balls bounced, and how that value changed after the picks were finalized. I included lottery-protected draft-pick trades in this accounting, so situations where a team’s pick would or would not be traded depending on the outcome of the lottery are reflected — and, as we’ll see, can make a pretty big difference. Portland Trail Blazers2078.32030-48.3 Which teams have enjoyed the most (and least) lottery luck? Tuesday night marks the NBA’s draft lottery, the annual spectacle in which 14 franchises hitch their futures to a sack of pingpong balls. (And not the kind Michael Jordan plays with these days.) Although the process is weighted toward giving better picks to teams with worse records, it’s also an exercise in pure luck as to where the picks are ultimately distributed within that setup. So we decided to take a look at how much effect luck has had, and which teams have benefited from it in recent lotteries.First, we have to quantify the value of an NBA draft pick. Last summer, ESPN’s Kevin Pelton developed a draft value chart on a similar scale to the NFL’s famous Jimmy Johnson chart, based on the net wins above replacement value of the typical player picked in each slot (relative to his salary). Here were Pelton’s values for lottery picks: Milwaukee Bucks3132.43250+117.6 Minnesota Timberwolves7111.17880+768.9 Washington Wizards2329.62890+560.4 Dallas Mavericks1793.11760-33.1 The value of an NBA lottery pick 1st40008th2200 Cleveland Cavaliers5121.88000+2878.2 Phoenix Suns6312.75950-362.7 Oklahoma City Thunder3497.43530+32.6 Sacramento Kings7533.66860-673.6 Orlando Magic8720.88410-310.8 PICKVALUEPICKVALUE 2nd32509th2120 5th250012th1840 Boston Celtics2720.62380-340.6 Los Angeles Lakers5377.65530+152.4 Detroit Pistons6588.84400-2188.8 Denver Nuggets4324.24210-114.2 It’s no surprise to see Cleveland at the top — the Cavs won the lottery from the third slot (despite 16 percent odds) in 2013, when they drafted Anthony Bennett, then won it again the next year from the ninth slot (a 1.7 percent proposition!) and drafted Andrew Wiggins. Bennett’s awfulness aside, in recent lotteries no team has seen the balls bounce in a luckier direction than the Cavs. Meanwhile, the next-luckiest — and the least lucky — teams are linked through a trade conditional on where a pick landed, which Cleveland’s stroke of luck also influenced. In 2014, the Detroit Pistons’ first-round pick was top-8 protected, and they finished in the No. 8 lottery slot, with an 83 percent chance the pick would not be conveyed to the Hornets. Instead, because the Cavs won the lottery and everything else played out according to the pre-aligned slots, Detroit fell outside the top 8 and lost the pick, which Charlotte used on Noah Vonleh. (It almost certainly would have been conveyed to Charlotte anyway the following season, but it illustrates how one team’s unexpected lottery luck can have ripple effects for numerous other teams.)Finally, since we all love focusing on the tank-tastic Philadelphia 76ers, here’s that same distribution chart for their past three lotteries: 3rd289010th2030 CUMULATIVE PICK VALUE Miami Heat2067.42030-37.4 Utah Jazz6376.36030-346.3 To underscore that point, here’s a look at the possible distributions of Cleveland’s draft outcomes, and where they actually ended up: Indiana Pacers1967.11930-37.1 Notice that the entire x-axis of their distribution is shifted far farther right than, say, Cleveland’s — because the Sixers were so bad, their drafts had an enormous amount of expected value. But given that, they essentially hit on exactly the median expected value of those picks — with average luck, multiple years of tanking only carried them to the fourth-most valuable set of picks after the balls finished bouncing.Tuesday night, Philadelphia will have the highest probability of picking No. 1 — albeit with only a 25 percent chance. Let’s see if they can exceed the straight-down-the-middle lottery luck they’ve had the past few seasons.CORRECTION (May 18, 11:03 a.m.): A previous version of this article misstated the years in which two Cleveland players were drafted. Kyrie Irving was drafted in 2011, not in 2013, and Anthony Bennett was drafted in 2013, not 2014.
Enlarge ImageThe SpaceX Falcon Heavy sits on the launchpad in Florida. SpaceX The first time we watched a Falcon Heavy take off, over a year ago, it carried Elon Musk’s personal Tesla Roadster into space. Now, with the delivery of Saudi Arabia’s Arabsat-6A telecommunications satellite into orbit Thursday, Falcon Heavy is proving itself as a commercial launch vehicle.Falcon Heavy, the most powerful rocket currently in use, blasted off from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. It was originally scheduled for a Wednesday launch, but uncooperative winds caused the delay. 16 Photos SpaceX completes its first commercial mission to space Share your voice Enlarge ImageFalcon Heavy’s center core landed on the SpaceX droneship. Video screenshot by Amanda Kooser/CNET SpaceX planned a landing of the rocket’s side boosters on pads known as Landing Zones 1 and 2, while also aiming to bring the center core down gently on the floating Of Course I Still Love You droneship. The side boosters safely returned to Earth in a nicely coordinated landing. The center core then successfully touched down on the droneship, a first for SpaceX.The original Falcon Heavy demonstration mission in early 2018 involved the safe recovery of the two side boosters, but the center was lost when it plunged into the Atlantic Ocean.Musk had estimated the Falcon Heavy’s risk of failure at 5% to 10% because of unproven changes made since the first demonstration launch. Now playing: Watch this: Tags 4 Elon Musk Space SpaceX Tesla 7:48 Elon Musk shows off the shiny SpaceX Starship This launch signals the start of a new evolutionary era for SpaceX’s commercial flights. Falcon Heavy is a monster capable of carrying 141,000 pounds (64 metric tons) into orbit. That’s a lot more than a Tesla Roadster weighs. First flight for Falcon Heavy Block 5 means there is some risk of failure between 5% to 10% imo. Many good design improvements from Falcon Heavy demo, but the changes are unproven.— Elon Musk (@elonmusk) April 10, 2019 Sci-Tech Comments
New Delhi, September 26 (ANI): Trading at the Bombay Stock Exchange today closed 36.30 points up to stand at 19892.54. At the National Stock Exchange the Nifty closed 5.75 points up to stand at 5879.60. BHEL and JP POWER were among the top gainers of Group A with an increase of 7.53% and 5.89% along with Financial Technologies and Oberoi Realty with an increase of 4.73% and 4.44% respectively, while the top losers of Group A include HDIL and Indian Oil Corp with a decrease of 4.67% and 4.10% along with OIL INDIA and Reliance Communications Ltd. with a decrease of 3.85% and 3.79% at the close of the markets. The Auto sector is up 4.29 points at 11,186.12 while the banking sector is down 36.74 points at 11,452.68 and the realty sector is down 11.42 points at 1,209.29. The Indian currency is up 0.43% at Rs 62.17 per dollar.
The government’s fraud investigating agency, the Serious Fraud Investigation Office (SFIO), has reportedly initiated a probe into alleged financial irregularities worth over Rs 8,000 crore at Kingfisher Airlines.The agency has already sent notices to United Breweries, Kingfisher Airlines and United Spirits, said a CNBC-TV18 report, citing unnamed sources.SFIO is expected to summon Vijay Mallya and executives of United Breweries and United Spirits, the report said.The report said that the agency is carrying out an investigation into alleged mismanagement of funds from 2005 to 2014, which could have resulted in the grounding of the carrier.The agency is currently examining the flow of funds between Kingfisher Airlines and group companies United Spirits and United Breweries, to identify the fraud.The airline, grounded since October 2012, lost its flying licence on 31 December 2012 when aviation regulator Directorate General of Civil Aviation refused to renew the licence over the company’s inability to provide a satisfactory plan to continue operations.In May, a DNA report claimed that United Spirits (USL) chairman Mallya misused company funds worth ₹170 crore to buy shares of his IPL team Royal Challengers Bangalore (RCB) at ₹3,62,240 per share.Besides, audit firm Price WaterHouse Coopers had revealed that USL funds were parked with other Mallya-owned companies from 2010 to 2014 without the consent of the company’s shareholders.
<< Previous PostNext Post >> Tags: Goway Travel, Promotions Tuesday, April 10, 2018 Travelweek Group Share Posted by Up to $1,000 air credit with Goway’s Holidays of a Lifetime TORONTO — Goway Travel is offering air credit worth up to $1,000 per couple with Holidays of a Lifetime, Goway’s exclusive range of escorted, small-group tours through some of the company’s most popular destinations.Goway clients who book a Holiday of a Lifetime by May 31 will get a bonus air credit of up to $500 per person, depending on class of fare.The credit is available on any of Goway’s Holidays of a Lifetime departures to Australia, New Zealand, Southern Africa, China and Tibet, India, Peru, or Argentina and Brazil.It is also available on itineraries that combine shorter Holidays of a Lifetime in South America, or Australia and New Zealand.Holidays of a Lifetime are available just about around the world, from Outback Australia to the mountains of Peru, safaris across Southern Africa, and the most exotic corners of India and China. The trips include most meals, all internal transportation including flights, tours and entrance fees, accommodation in deluxe hotels or better, and unique experiences and highlights “to make each stop all the more memorable”, says the company.More news: Save the dates! Goway’s Africa Roadshow is backEach Holidays of a Lifetime departure is led by an experienced Tour Director, who takes care of ‘the little things’ including tipping, and adapts the tour to any unforeseen circumstances without compromising the Globetrotting experience, says Goway. Each Holiday of a Lifetime also follows its own theme, which can range from local cuisine to geography and history, or local lifestyles and native culture.
Posted by MISSISSAUGA — Globus family of brands enlisted a celebrity chef to help say a heartwarming “thank you” to its loyal agent partners at its recent industry event in Mississauga.The celebratory luncheon took place at Capra’s Kitchen, an Italian restaurant by Toronto chef Massimo Capra, a well-known fixture on Food Network shows, Cityline, and Restaurant Makeover. Capra, with his signature handlebar mustache, was on hand to greet guests and present his Italian dishes, which included charcuterie boards, roasted chicken and mushroom risotto.From L-R: Tony Celio, Air Canada; Sherif Sedhom, Lufthansa; Una O’Leary, CWT; Flemming Friisdahl, TTAND; Lindsay Pearlman, Ensemble Travel Group; Spencer Sorensen, WestJet; Stéphanie Bishop, Globus family of brands; and Dianne Jackson, CAAStéphanie Bishop, managing director, Canada for the Globus family of brands, said that when conceptualizing the luncheon, the team debated whether to make it more about business.“We resisted and said no,” she said. “Today’s goal is to simply say thank you for an incredible 2018.”Celebrity chef Massimo Capra, and Globus family of brands’ Stéphanie BishopBishop went on to say that Canadian contributed much to Globus’ global organization. “[The Canadian market] took 10 years in the making, but we made it,” she added. “We had a historical year of business growth, and we see nothing but continued growth and success.” Monday, January 21, 2019 << Previous PostNext Post >> Travelweek Group Globus’ message to its agent partners simple but effective: “Thank you” Share Tags: Events, Food, Globus