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Showing posts with label Stock Markets. Show all posts
Showing posts with label Stock Markets. Show all posts

Sunday, August 23, 2015

Donie's Ireland daily news BLOG update

Irish Government begins sending out applications for water conservation grant

  

Government begins sending applications for water conservation grant.

Under the current water conservation grant, anyone registered with Irish Water before the end of June is entitled to receive a €100 fee to help them conserve water.
They added that Minister for the Environment Alan Kelly will not be bringing the reported proposals to Cabinet when it reconvenes.
The department confirmed that people will be asked to provide their PPS numbers when applying for the payment which must be done online as there is no application form.
Data released under Freedom of Information has revealed that Department of the Environment has suggested the Local Government Management Agency could establish a new database of Irish Water customers and non-customers to be used by the Department of Social Protection to administer the grant from next year.
After the EU group’s ruling that Irish Water must remain on the exchequer’s books, and its swipe at the grant in particular, it appears a number of Government TDs have now given up on the argument – this time with one eye on the safety of their own Dáil seats.
“I think it is reasonable to say, given all the focus we have had especially with a utility like Irish water, to look at what measures can we take and what further work can be done to improve its efficiency and ensure it is better able to meet the needs of providing safe and secure water for Ireland”, he added.
The payment of the grant is fixed for 2015 and cannot be changed.
Therefore, any attempt to limit payment of the €100 grant could impact negatively on this cohort, most of whom are rural-based.
The cost of water charges drops to €160 for a family and €60 for an individual when the grant is included.
And when, depending on who you listen to, that policy relates to either wasting taxpayers’ money on a grant given to people refusing to pay water charges or taking money away from struggling would-be voters, it is yet another no-win situation for the Coalition and an open goal for an opposition constantly waiting to pounce.
Mr Cowen said it was time for real, alternative policies in relation to Irish Water.
Meanwhile, Sinn Féin TD Dessie Ellis said the Coalition was “at sixes and sevens” over the conservation grant.
“There must be a single public utility for the supply of clean, fresh, drinking water for every home in the country, free of domestic water charges”.

Canadian company offers help with Irish BCG vaccine shortage

  

A Danish company is the only licensed supplier of the BCG vaccine in the EU.

A healthcare company in the Republic of Ireland said a Canadian firm has offered it 40,000 doses of a vaccine that protects against tuberculosis.
It follows concerns that the BCG vaccine would not be available until later this year or early next year.
Health Minister, Leo Varadkar, said problems meant the vaccine, produced in Denmark, was not available.
He blamed production difficulties, delivery delays and sealing problems.
Carysfort Healthcare said it has been offered 40,000 doses of the BCG vaccine from the Canadian medical supply company, Intervax.
The delivery can be made in the next two to three weeks, but the offer will expire on 25 August due to shortages of the vaccine in other countries.
The Danish company is the only licensed supplier of the vaccine in the EU. However, according to Carysfort’s managing director, Fintan Smith, the BCG offered is prequalified and approved by the World Health Organisation.
Mr Smith has been in contact with the Health Products Regulatory Authority in connection with the offer and whether it will allow the medicine to be used as an emergency as it is not licensed in the Republic of Ireland.

‘50,000 babies affected’

Sinn Féin TD Gerry Adams had raised the vaccine’s lack of availability after a Louth councillor from his party, Jennifer Green, who is due to give birth in three weeks, had been told her baby would not be given the vaccine as recommended by the Health Service Executive (HSE).
Mr Adams said the difficulties had been known by the Irish Department of Health since last year.
He said that, as a result of failing to find an alternative supplier, at least 50,000 babies, and potentially many more, would not receive their BCG when appropriate.
The Department of Health said other countries were experiencing similar delays in acquiring supplies of the vaccine from the Danish company.
The statement added that production was suspended in 2014 pending an extensive investigation regarding a possible problem with the capping of the vials.
It said the investigation had ended and product produced during 2014 was being released.
The statement also said the HSE would arrange appointments for children to attend clinics when the vaccine supply was restored.
The HSE said it had “no control over when BCG vaccine will be delivered by the vaccine manufacturer” and that “these supply issues will continue until at least quarter one, 2016.”

Redheads come together at Cork Convention festival 

  

Redheads will this weekend have the opportunity to have their portrait taken while supporting a good cause at one of the country’s more unusual festivals.

Professional photographer Jörg Köster will take portrait photos of all eligible redheads at this weekend’s Redhead Convention in Cork. While it is free for redheads to have their picture taken, proceeds from prints at Jörg’s photobooth will go to the Irish Cancer Society.
The German native, who has been based in Cork since 1990, has been developing a portfolio of redhead portraits towards an exhibition and possible book, and expects to have boosted his body of work to some 1,000 portraits by the time his photobooth closes at the end of this weekend’s festival.
A fashion and food photographer by profession, Köster developed an interest in redheaded subjects after shooting Irish clothing products for German catalogues. Having started his redhead portfolio, a friend alerted him to the Crosshaven festival.
“I got in touch with the promoters and it was an added attraction for them, so I’ve been there since 2011,” said Köster.
“It works for both of us. We sell prints, and proceeds go to the Irish Cancer Society. It allows me to do sunlit photoshoots with 200 to 300 redheads in two or three days, whereas it would take me decades to get 1,000 pictures like that in natural light otherwise,” he said.
The brainchild of siblings Joleen and Denis Cronin, the Redhead Convention is in its sixth year in Crosshaven and will today feature a Kids Zone, Redhead Cinema, and Foxygen — a dedicated redhead music festival.
Among the redhead performers are Ginger Nutz, a trad band made up entirely of natural redheads from the West of Ireland; ginger-fronted West Cork band The Baby Cheeses, and the Crosshaven Ukuladies.
   The red-headline act for the weekend is Irish jazz and blues singer Mary Coughlan.
Jacky Colliss Harvey, author of Red: A Natural History of the Redhead, will be signing copies of her book and the afternoon will see the coronation of the King and Queen of the Redheads.
Meanwhile, a panel discussion with successful redheads in business will hear contributions from Tristan Rogers, publisher of international redhead art magazine MC1R, and Emma Kelly, a blogger behind the campaign to include ginger emojis in Apple’s iPhone.
The Irish Cancer Society is also set to receive 20% of ticket fees, and other fund-raising activities, such as an outdoor yoga session, will provide donations to the national charity for cancer care, research, and support in Ireland.
Organisers say red hair is the rarest of hair colours and accounts for just 0.6% of the global population. Ireland has the second highest per capita population of redheads at 10%, next only to Scotland at 13%.

Want supermarket tomatoes to taste better? Then dunk them in hot water

  
Ever felt that the tomatoes you bought in a supermarket were lacking in taste? Like they were good, but not good enough?
Tomatoes sold in supermarkets can apparently be made to taste better by dunking them in hot water before they ripen. We’re listening.
The discovery could result in tomatoes bought from stores being as flavorsome as those straight off the vine.
If these green tomatoes are picked then a hot bath could make them taste
Yep. We’d be pretty happy about that too. Because vine tomatoes are a serious luxury.
Typically tomatoes destined for supermarkets are picked while still green and coaxed to ripen while they are stored and transported at low temperatures.
The problem is that chilling degrades their flavour, making supermarket tomatoes relatively tasteless compared with those sold on farms.
Early tomatoes could taste as good as vine-ripened varieties with this hack
Step on up the scientists from the US Department of Agriculture. They found that a simple treatment process can dramatically boost the flavour of transported tomatoes.
Dr Jinhe Bai said: “Ideally, tomatoes should be picked ripe and then sold immediately, as they are at farm stands.
“To produce a better tasting tomato, we added a hot water pre-treatment step to the usual protocol that growers follow. We found that this pre-treatment step prevents flavour loss due to chilling.”
Pick ripe and sell straight away is best, but the hot water trick could help
In the tests, Florida-grown green tomatoes were dipped in water heated to about 51.6C for five minutes and allowed to cool at room temperature.
Only then were the fruit chilled to the temperatures normally used for shipping.

Samsung to make US stock market debut in 2016

  

The listing of Samsung Bioepis on the Nasdaq Stock Market is aimed at securing funds for investment in a new breed of drugs

South Korea’s dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official has said.
The listing of Samsung Bioepis on the Nasdaq Stock Market is aimed at securing funds for investment in the field of biosimilars – a new breed of drugs that mimic the effects of far more costly biologic drugs made from living cells.
“With an underwriter already designated, preparations are under way for the public stock listing of Bioepis in the first half of next year,” the Samsung official said.
Bioepis will be the first Samsung affiliate to list in the United States.
Samsung Electronics, the world’s largest mobile phone maker which accounts for the lion’s share of the group’s sales and profits, controls 46% of Samsung BioLogics, which in turn holds 90% of Bioepis.
The Samsung group is already remarkably diverse, with interests ranging from electronics to construction and shipbuilding, and sees biotechnology as a revenue growth engine for the future.

Spiders ‘as big as mice’ trying to invade Irish homes

    

A number of people last year had strong reactions to the spider’s venom

Experts say that spiders ‘as big as mice’ may be trying to invade Irish homes.
Trevor Hayden of Complete Pest Control told the Star that spiders up to 12cm long are possible in Ireland these days. It comes after reports in the UK of spiders ‘as big as mice’ were reported.
‘Amazingly they can get that big,’ he said. However, this super-sized spider is nothing to worry about.
“While they can bite, they are not dangerous,” he added, though that won’t put those terrified of creepy crawlies at ease.
Thanks to a wet spring and a relatively warm summer the numbers of house spiders in Ireland this year has risen sharply, and when you learn that they can have 60 spiderlings at any one time, it is no surprise that there seems to be a spider epidemic.
An abundance of food for spiders to eat, chiefly other insects, has also led to the larger-than-normal eight-legged creatures.
But the good news is that of the 420 different species of spider in Ireland, only one, the infamous false widow, is a danger to humans.
A number of people last year had strong reactions to the spider’s venom after getting bitten but house spider venom is harmless to humans.   

Monday, September 29, 2014

Donie's Ireland daily news BLOG

Now revealed – the Troika threatened to bankrupt Ireland if bondholders were burnt

  

Dr. Patrick Honohan: 

ECB officials agreed to threaten Ireland with bankruptcy if the government tried to burn bondholders

Senior European and European Central Bank (ECB) officials agreed to threaten Ireland with national bankruptcy if the government made any attempt to burn bondholders, it has recently being revealed.
The threat was made at a high-level teleconference meeting, details of which have been revealed for the first time by the Central Bank governor, Dr Patrick Honohan.
Mr Honohan, who famously told the nation Ireland would be entering the Troika bailout programme live on radio as government ministers were publicly denying it, also revealed he was kept out of loop about the meeting.
In a new book about the late Brian Lenihan, Mr Honohan said he only found out about the meeting after the Troika delivered the ultimatum to Mr Lenihan on November 26, 2010.
“The Troika staff told Brian in categorical terms that burning the bondholders would mean no programme and, accordingly, could not be countenanced,” Dr Honohan writes. “For whatever reason, they waited until after this showdown to inform me of this decision, which had apparently been taken at a very high-level teleconference to which no Irish representative was invited.”
Dr Honohan’s revelations will add more fuel to claims that Ireland was “bullied” into the bailout.
They are also likely to lead to growing demands here for former ECB president Jean-Claude Trichet, who played a central role in the Irish bailout and the handling of the Eurozone crisis, to appear before the banking inquiry over the coming months.
The ECB last week came under renewed criticism for failing to publish a letter sent by Mr Trichet to Mr Lenihan during the same period of November 2010, despite a request from the European Ombudsman, Emily O’Reilly.
ECB president, Mario Draghi, last week told Irish MEP Brian Hayes the bank would discuss the question of Mr Trichet’s possible appearance before the banking inquiry, and that he could have a response by November. Mr Hayes subsequently said that if Mr Trichet cannot attend the banking inquiry, the ECB should “provide documentation and, where relevant, officials” to assist the inquiry.
Meanwhile, the former European commissioner Olli Rehn yesterday said he would “consider seriously” appearing before the forthcoming banking inquiry if he is asked to do so.
Mr Rehn, who stepped down as Commissioner for economic and monetary affairs in July, said decisions made by the ECB and the European Commission were taken when euro zone economies were “in a freefall”.
Speaking on the Marian Finucane Show, Mr Rehn said that while he was not very familiar with the proposed banking inquiry, “it is both reasonable and useful that in Ireland a profound analysis of the crisis will be done”.
The book, Brian Lenihan: In Calm and Crisis, extracts of which appear in today’s Sunday Independent, was commissioned by friends and family and contains essays on his handling of the crisis by colleagues, including Dr Honohan and IMF chief Christine Lagarde, who was then finance minister of France.
In one extract, Dr Honohan reveals that the Troika appeared to be considering “burning” some senior bondholders in the negotiations which followed Ireland’s application for a bailout.
Dr Honohan was involved in the ECB decision to press Ireland to ask for a bailout and supported it, because of the enormous growth in emergency loans from the Central Bank to the banking system from the middle of September.
He says government reluctance to apply for a programme explains his dramatic interview on RTE’s Morning Ireland on November 18, 2012, saying that Ireland would go into a bailout, but he did not realise other cabinet ministers had not been kept informed of what was happening.
“Things had got to the point where, had it remained silent on the state of play, the Central Bank would have not only failed in its responsibility to use timely communication to steady confidence, but would also have dashed a legitimate public expectation in Ireland that the Bank could be trusted not to deceive through omission,” Dr Honohan writes.
“What had not occurred to me was that Brian might not, even by that stage, have communicated to some of his senior ministerial colleagues how far down the road the discussions had already gone.
“Clearly, the interview was inconvenient for him, but he understood, as he

Phil Hogan defends handling of Irish Water costs after new memo discovered

  

Former environment minister says he signed off on overall start-up costs for Irish Water

Former minister for the environment Phil Hogan is due to appear before a committee of the European Parliament on Thursday for a hearing to approve his nomination as the new EU Agriculture Commissioner.
Former minister for the environment Phil Hogan has defended his handling of the manner in which he approved the start up of Irish Water.
Mr Hogan said he had signed off on the overall figure required to establish Irish Water, including hardware and software systems and a billing system, all of which were necessary for the state company to get off the ground.
“There was a robust examination of all the costs associated with the establishment of Irish Water by New Era and the National Development Finance Agency.
“The figures were then verified by the regulator and I ultimately approved them. All of the costs were approved and independently verified as necessary for the establishment of the new company,” Mr Hogan told The Irish Times.
He was responding to a report on RTE’sThis Week programme which said Mr Hogan had been informed in December 2012 that Irish Water had allocated a sum of more than €40 million from which consultants, among others, would be paid.
On Thursday Mr Hogan will appear before a committee of the European Parliamentfor a hearing to approve his nomination as the new EU Agriculture Commissioner.
Documents obtained by RTE under a Freedom of Information request showed the allocation was approved by Mr Hogan more than a year before a controversy over Irish Water spending on consultancy services developed.
That controversy arose last January when the chief executive of Irish Water John Tierney told an Oireachtascommittee that over €50 million had been spent on consultants.
The latest document to be released is a confidential memo written by a senior official in Mr Hogan’s Department. It included an assessment of progress being made late in 2012 on the setting up of Irish Water and the Government’s wider water reform programme.
The document refers to the provision of a sum of €43.5 million out of which Mr Hogan was informed external consultants as well as seconded staff from Bord Gais and local authorities would be paid.
The document pointed out that the bulk of the allocation would be spent on “new systems” including billing and call centre systems which were essential to get the new utility up and running and be in a position to charge customers for water.

World stock markets set to keep on rising well into 2015

  

DESPITE WARNING THAT MARKETS ARE VERY HIGH, ANALYSTS BELIEVE THE BULL RUN WILL CONTINUE WELL INTO NEXT YEAR, ACCORDING TO A GLOBAL POLL

Global stock markets will keep climbing as they shift away from a liquidity driven rally to focus on growth expectations, although many strategists also warned in a worldwide Reuters poll that prices are already very high.
Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the US Federal Reserve not long after, tempering future gains. But as that won’t happen unless those economies are on a firm footing, US and British stocks are expected to lead the charge next year. That suggests there is a subtle shift away from central bank cash to economic optimism.
“The Fed won’t raise rates unless the economy is strong enough to stand it, and that means higher equity prices,” said David Joy, chief market strategist at Ameriprise Financial in Boston.
Just as those central banks tighten policy, the European Central Bank is more likely to be doing the opposite. Additional stimulus would add some short-term support to eurozone stocks, with Italy’s FTSE MIB – already up 9pc in 2014 – expected to be the biggest beneficiary.
But analysts lowered their forecasts for eurozone stocks from a poll taken in June. That comes despite a falling euro, which should boost corporate earnings in the coming quarters and may give a lift to inflation and eurozone exports.
“This will be a very delicate turning point for stock markets, even though it won’t change the bullish medium-term trend,” Xavier Lespinas, head of equities at Swiss Life Banque Privee, said. Nearly all the almost 250 analysts and investors polled in the past week predicted markets would rally – with several indexes reaching new highs.
Equity fund managers raised their net long positions in S&P 500 futures contracts, data last week showed. The MSCI World Index, which tracks stocks from developed economies, is currently around 1,723, not far off the all-time high of 1,765.77 points reached in July.
European shares are poised to rise about 2pc by the end of December and the S&P 500, already close to a record high, should keep pace with them. That compares to more buoyant 5pc gains in India and Russia and 4pc in China. One index from developed economies that is expected to do well is the FTSE, predicted to jump over 4pc to a new record high.
The performance of Brazil’s Bovespa, however, will depend on October’s presidential election.
Presented with both options, the poll showed the index would fall 12pc if incumbent president Dilma Rousseff is re-elected, but would rally by the same amount if she loses.
Strategists noted stock prices in China and other parts of East Asia remain relatively cheap compared with US and European shares, though rising US interest rates may cap gains.
Asian markets, bar India, have generally lagged the global bull run this year amid worries over China’s slowing economy, though Beijing is expected to roll out more stimulus measures in coming months to shore up growth. The Shanghai Composite Index is up over 10pc this year but most of those gains have come in recent months as investors bet on further policy easing from the People’s Bank of China. That comes despite widespread concerns over a falling property market and no clear drivers for a major pick-up in growth.
Still, stock prices there look relatively cheap after a steep fall in 2013 and the first half of this year.
“We’ll see some funds switching back from developed countries to seek opportunities in other markets,” said Ben Kwong, director at KGI Asia.
Indian shares, which have soared more than 25pc so far this year on anticipation and follow-through after a landslide election of a new government in May, will jump to new record highs over the next year and beyond.
If Russian shares make their expected gains they will still finish the year some 13 pc lower after months of heavy selling pressure linked to the Ukraine crisis. Russian assets have plunged on several occasions this year as markets fretted over Russian military intervention in Ukraine and as Western powers imposed several rounds of sanctions targeting key sectors of the Russian economy.
“Russia is a bungee-jumping market. You fall probably more than you should, get close to the water but then you get pulled right back up,” said Erik DePoy, an equities strategist at Gazprombank in Moscow.

Complaint to Gardaí over Feighan role in Roscommon scuffle

 

BYELECTION CANDIDATE JOHN MCDERMOTT SAYS HE HAD NO OPTION OTHER THAN TO MAKE STATEMENT

A screen grab from a video showing the apparent scuffle between Deputy Frank Feighan (centre) and John McDermott (left, dark jacket).
An allegation of assault by Fine Gael TD Frank Feighan has been reported to gardaí following a scuffle in Co Roscommon on Friday.
Roscommon/South Leitrim byelection candidate John McDermott, who is also chair of the Roscommon HospitalAction Committee, made a statement on the incident at Roscommon Garda station at yesterday evening.
Mr McDermott said he made the complaint after Mr Feighan’s failure to contact him directly to apologise and the TD’s “half-hearted” statement issued to the media yesterday.
“He left me with no other option. It is up to the gardaí now. They said they will review any CCTV and news video footage and decide whether a file should go to the DPP,” Mr McDermott said today.
Mr Feighan yesterday apologised for his involvement in the scuffle in Co Roscommon where Taoiseach Enda Kenny was heckled over broken promises in relation to Roscommon hospital.
The scuffle started when Mr McDermott sought to approach the Taoiseach as he arrived in the town on Friday.
Deputy Feighan, aided by two other Fine Gael supporters, stepped in to hold and then shove Mr McDermott back.
Mr McDermott claims he received a number of elbows into the stomach from Deputy Feighan and described the use of force as “unwarranted” and “cowardly”.
While Deputy Feighan later acknowledged there had been a scuffle he insisted the incident was a “collision” between him and Mr McDermott.
In a statement, he said on arrival he had “formed the opinion that the Taoiseach was going to be confronted in an aggressive and physical manner”.
“In hindsight, I misread the situation and overreacted in a tense situation,” he said.
“I regret if any actions of mine caused hurt to anybody especially the Hospital Action Committee candidate and former Roscommon senior county goalkeeper, John McDermott.”
After shouts and heckling calling for the reopening of the 24-hour emergency department at Roscommon hospital, Mr Kenny defended the decision made three years ago to downgrade it.
Asked whether he would like to apologise to the people of Roscommon for the broken promises on the hospital the Taoiseach said: “Well when I spoke here in Roscommon before the general election I made my comments based on the information I had then. It wasn’t for me to determine professionally, clinically, or ethically the standards that were required and that applied in the accident and emergency unit”.
The Taoiseach said the Model 2 hospital had “an outstanding future” and would benefit from an investment of €20 million.
It was while in Roscommon that Mr Kenny also accepted responsibility for the controversial decision to appoint Seanad byelection candidate John McNulty to the board of the Irish Museum of Modern Art.

Doctor says sorry for hurt caused to husband of tragic Dhara Kivlahan

  

A Consultant apologised to the family of tragic mother Dhara Kivlahan for any hurt caused following a heated exchange while she was in hospital care.

Consultant anaesthetist Dr Seamus Crowley recalled that Michael Kivlehan was “confrontational and angry” when he tried to explain why his wife did not need to be admitted to intensive care the day after her baby was born.
Dhara (29) died in Belfast‘s Royal Victoria Hospital on September 28, 2010, four days after being airlifted from Sligo hospital where she had given birth to her first baby.
The coroner’s court in Carrick-on-Shannon heard of an exchange between Mr Kivlehan and Dr Crowley, who said he was “provoked to ask if he was a nurse or a paramedic”.
He said that he was sorry if he had insulted Mr Kivlehan.
He said Mr Kivlehan was anxious and frustrated. “I certainly did not mean to offend him”.
Mr Kivlehan had told him he was patronising when they were discussing the need to move Dhara to intensive care, he said.
Under cross-examination, he said Mr Kivlehan had mentioned that he spent time in King’s College Hospital – so maybe he could use medical terminology with him.
The consultant said he had told Mr Kivlehan that because his wife was of Indian origin, it would make jaundice “more difficult to appreciate”.
But he stressed he had reassured Mr Kivlehan that blood test results were what he would base his clinical assessment on.
“Jaundice is just a clinical sign. It is not a disease,” he said.
Mr Kivlehan earlier told the coroner’s court that he was too stunned to respond when Dr Crowley said it was hard to tell whether his Indian wife had jaundice. Coroner Eamon MacGowan was told that the consultant was upset by this.
Mr Crowley said he had reassured Mr Kivlehan that his wife had been assessed by the obstetric team and himself, and that the obstetric staff would remain in close contact with ICU. She would be reviewed again if she deteriorated.
Asked whether he agreed that Dhara was in acute renal failure on September 22, the day after her baby was born, Dr Crowley said in his opinion “she had ongoing acute renal injury”.
Pressed on why she had not seen a renal consultant until September 24, the day of her transfer to Belfast, he said she was under the obstetrician Dr Raouf Sallam even after she was transferred to ICU. “I cannot account for why Dr Sallam did not refer her for a renal consult,” he said.
Dr Crowley added that he did not know why Roger Murray, solicitor for the Kivlehan family, was asking why this had not happened by September 22 – it could have happened earlier.
Mr Murray said he was “absolutely right” – there was a 96-hour delay rather than 60 hours as previously suggested.
Ms Kivlehan died days after giving birth to her son Dior, now four, by caesarean section.
A nurse who cared for Dhara in Sligo also told the inquest that she did not tell Mr Kivlehan to “stop eavesdropping”.
Asked whether she told Mr Kivlehan if wanted to make himself useful he should go downstairs and get his wife a drink, she said: “I might have asked him to go to the shop”.

The Bigger the Tusk, the sexier the Narwhal Whale

 

IT TURNS OUT THAT SIZE DOES MATTER. FOR NARWHALS, ANYWAY.

A new study of the Arctic whale affectionately called the “unicorn of the sea” suggests that the tusk of the male narwhal plays a key role in attracting females.
The study, which analyzed anatomical measurements of 144 narwhals, demonstrated a “significant relationship” between the length of a narwhal’s tusk — actually a protruding canine tooth — and the size of its testicles.
In short, the study showed that the bigger the tooth, the bigger the testicles — and, presumably, the greater the animal’s fertility. So just as peacocks with big, beautiful tails are more attractive to peahens, male narwhals with big tusks may be more attractive to female narwhals, the researchers said.
But the narwhal’s iconic tusk isn’t just about turning on the opposite sex. Narwhals have also been known to use their tusks to fight other males. And as Science magazine noted, it’s been speculated that the narwhal tusk may be an ice breaker or a tool for foraging as well.
In 2005, Martin Nweeia, a dentist who teaches at Harvard School of Dental Medicine, offered up another explanation. He said at the time that the whale’s tooth — which is said to be extremely sensitive — could be a sensor used to detect changes in water temperature and salinity.