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10 months agoAC Milan director Maldini: Bakayoko, Higuain deals dependent on…

first_imgTagsTransfersLoan MarketAbout the authorCarlos VolcanoShare the loveHave your say AC Milan director Maldini: Bakayoko, Higuain deals dependent on…by Carlos Volcano10 months agoSend to a friendShare the loveAC Milan director Paolo Maldini admits their transfer policy will be dependent on Champions League qualification.Milan are skirting the boundaries of UEFA’s Financial Fair Play laws.“We’re absolutely convinced we can get fourth place,” Maldini told reporters at Milanello.“We’re not happy with how things have gone this month, of course, when we’ve had a lot of injuries and therefore great difficulty in terms of numbers.“Despite that we expected more, and [Coach Gennaro] Gattuso knows that too. We need to change the attitude during the game, we can’t lie down and we can’t look for sixth.”(Chelsea midfielder Tiemoue) Bakayoko and (Juventus striker Gonzalo) Higuain? We’ve been clear with the players: the Champions League is binding.” last_img read more

4 days agoGalatasaray striker Florin Andone insists he’d make Brighton return

first_imgGalatasaray striker Florin Andone insists he’d make Brighton returnby Paul Vegas4 days agoSend to a friendShare the loveGalatasaray striker Florin Andone insists he’d be willing to return to parent club BrightonAndone is on a straight loan at Gala and has admitted frustration with his 12 months in England.Though he told AS: “I was misunderstood and I want to make it clear. My year there was not what I expected. I missed that they had confidence in me, I didn’t play more than two consecutive games as a starter. I don’t ask to play every game, because I’m not a megacrack, I just want continuity. “mI came to doubt myself, my abilities, if I really had a level for the Premier… There were many disappointments. It’s not that I don’t want to go back, I respect Brighton, they signed me for six years and they are worrying about me. I just want to feel like a footballer. “It all starts by recovering my best version and being happy.” TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

NITC Ready for EU MRV

first_imgzoom National Iranian Tanker Company (NITC) has prepared its fleet to comply with the European Union’s (EU) shipping monitoring, reporting and verification (MRV) regulation, Tasnim news agency reported citing NITC.As informed, NITC was awarded MRV compliance certificate.The implementation of the EU MRV is fast approaching, mandating the monitoring, reporting and verification of the CO2 emissions from ships larger than 5,000 gross tons that call at ports in the EU region.The EU regulation entered into force on July 1, 2015 and it requires shipowners and operators to prepare a monitoring plan for each of their ships that falls under the scope of the regulation. The monitoring plan needs to be signed off by an independent verifier.Data collection takes place on a per voyage basis and starts on January 1, 2018. It will reoccur annually, from Jan 1 to Dec 31.According to Akbar Jabal-Ameli, NITC’s technical and operations director, cited by the agency, the company’s 41 tankers joined the scheme as part of its efforts to improve the environmental status of its fleet.The move is in line with NITC’s substantial comeback to the European ports following lifting of sanctions against Iran in January 2016.Earlier this year Mohammad Reza Shams Dolatabadi, NITC’s head of international affairs, said that NITC was looking into the acquisition of LNG tankers in the upcoming three to five years.According to Dolatabadi, the company is eager to renew its fleet and is working on a five-year plan that will include purchasing of new tonnage and dismantling of outdated vessels, but without a major change to the fleet’s capacity.World Maritime News Stafflast_img read more

Baseball Early innings determined outcomes in Ohio States split series against BethuneCookman

Ohio State assistant coach Chris Holick (6) embraces and greets players after the top of the fifth inning in Ohio State’s 2-1 win against Cal State Northridge in extra innings on Mar. 16 in Bill Davis Stadium. Credit: Ebo Amissah-Aggrey | Lantern ReporterEarly starts dictated success in Daytona, Florida, as the Ohio State baseball team (7-5) split its four-game series against Bethune-Cookman (5-6). Game 1A comeback fell short for the Buckeyes in Florida on Friday.  Despite an 11-strikeout game from redshirt freshman pitcher Seth Lonsway, Ohio State (5-4) came up short against Bethune-Cookman (4-4), losing 4-3. Lonsway had the most strikeouts by an Ohio State pitcher in nine years in the losing effort. Ohio State then-junior Alex Wimmers struck out 11 batters back in 2010 in a game against Minnesota. Junior pitcher Anthony Maldonado allowed only three hits and one run in seven innings of work for the Wildcats for his first win of the season. Bethune-Cookman redshirt senior center fielder Zach Spivey got a two-out hit with the bases loaded to drive in two runs in the bottom of the second inning. The Wildcats would add two more runs to balloon the lead to 4-0. Ohio State surged late with a two-run single by freshman third baseman Zach Dezenzo in the bottom of the ninth inning to reduce the deficit to one run. Redshirt senior pitcher Brandon Wilkes recorded the last out for the Wildcats to earn his second save of the season. Game 2The Buckeyes bounced back with their third shutout win of the season. Ohio State (6-4) defeated Bethune-Cookman (4-5) by a score of 6-0. Freshman pitcher Garrett Burhenn earned his second win of the season in 6 1/3 innings of work. Despite allowing 10 hits, the Buckeyes turned three double plays to prevent any damage on the scoreboard. The baserunning for Ohio State made an impact as well, with a season-high four stolen bases. After scoring two runs in the first inning, the Buckeyes never looked back. Junior right fielder Dominic Canzone produced three hits and an RBI in the win. Senior pitcher Tyler Krull was given the loss for the Wildcats. Game 3An explosive showing from the bats helped Ohio State to its second straight win. The Buckeyes (7-4) beat Bethune-Cookman (4-6) by a score of 16-9 on Sunday, the most runs the Buckeyes have scored in a game this season. Five different Buckeyes had multiple-RBI games, including a three-RBI game from junior shortstop Noah West.The Buckeyes pounced to a 14-1 lead before the Wildcats stepped up to hit in the bottom of the second inning. Despite giving up his most runs this season, sophomore pitcher Griffan Smith earned his third win in 2019. Smith had six earned runs in five innings of work. Junior pitcher Bryan Melendez was given his first loss of the season for the Wildcats. Game 4Ohio State lost the series finale to split the series with Bethune-Cookman.The Buckeyes (7-5) could not overcome an early deficit to the Wildcats (5-6) in their 8-3 loss. Missed opportunities and free baserunners plagued the Buckeyes throughout the game. Although seven runs were scored during junior pitcher Jake Vance’s time of the mound, only two counted as earned runs against him after a six-run second inning fueled by an error and a flyball lost in the sun. The Buckeyes also allowed seven walks in the contest, tying the season-high for walks previously set in both of the Texas A&M Corpus Christi games.Senior first baseman Danny Rodriguez drove in three RBIs for the Wildcats. Vance fell to 1-1 on the year, and Jordan Pinto earned his second win of the season. Ohio State takes on Furman in Greenville, South Carolina as part of the Greenville Drive First Pitch Invitational. The game is set for 6 p.m. Friday. read more

Belgian Philhellene warms up 7000 children and 40 schools in northern Greece

first_img Facebook Twitter: @NeosKosmos Instagram Through his charity initiative ‘Fuel for Schools’, Goodwill Ambassador Jimmy Jamar, who is also the head of the European Commission Representation in Belgium, has managed to raise €35,278 in order to heat 40 schools and 7,000 students in northern Greece.It all started back in 2012 when, as a sign of solidarity and friendship towards the Greek people, a group of Belgian and European citizens living in Brussels launched a cultural event by the name of 12 Hours for Greece. Besides promoting Greek culture and gastronomy, the aim of the initiative, which is run entirely by volunteers, is to raise money and support Greek associations operating within the fields of health and education. In previous years, the events have enticed thousands of people and have hosted well-respected Greek and Belgian artists such as Lavrentis Machairitsas, Dionysis Savvopoulos, Aleka Kanellidou, Panos Mouzourakis, Georges Corraface and Salvatore Adamo, in an attempt to raise funds and assist the Make-a-Wish Foundation, To Hamogelo tou Paidiou (The Smile of a Child), Médecins sans Frontières, ELEPAP (Greek Association for Handicapped Children) and the International Foundation for Greece. Jimmy Jamar studied law and international relations in Belgium, Switzerland, Italy and the United States. He joined the European Commission in 1994 and, besides being the head of the commission representation in Belgium, he is also a real philanthropist and a true Philhellene.In an interview with Neos Kosmos, Jamar talks about his 12 Hours for Greece initiative, his charity organisation and his endless love affair with Greece, which counts back to 1969 when the head commissioner first set foot in Katakolon in the Peloponnese. What inspired you to go ahead and set up an initiative that helps Greek people? It all started in the winter of 2011-2012, at the peak of the crisis. I decided that as a friend of Greece I had to do something and help in any way I could. I was posted in the Netherlands at the time and on my return, in February 2011, I had exactly 10 weeks to organise my first 12 Hours for Greece. During those 10 weeks, I founded a charity organisation, booked a theatre, set up a 12-hour program with readings and dances and put together a fabulous music concert. I hardly slept during that period but the outcome was a great success that attracted lots of media attention and was received extremely well by thousands of people. How did this year’s fundraising go and are you pleased with the outcome? On 22 October we organised the fifth consecutive 12 Hours for Greece event and I can safely say that the spirit is evident more than ever. We collected just over €35,000, which enables us to heat 40 schools and subsequently keep more than 7,000 children and their teachers warm during the winter months. I just came back from my first tour of northern Greece, between Alexandroupoli and Kavala, where we delivered fuel to eight of these schools. I will be back again in January, to visit another eight schools on the island of Samothraki and several others. How long did it take you to collect the funds and attract sponsorships? I work on this project all year round. In the first part of the year, I try to identify potential sponsors and spend a lot of time with them in order to show them what it is that we do. I also visit Belgian schools in an attempt to establish connections with schools in northern Greece. Then I start planning for the concert, which is usually pencilled in for October. I select the performing artists, organise all bookings and travel arrangements and, together with a small organising committee we schedule meetings with Greek restaurant owners to encourage them to offer meals to people that need it most. Once we collect the funds from the concert, together with the International Foundation for Greece, we select the schools that will receive our assistance and start deliveries in December. How hard was it to collect the funds and encourage people to donate towards this cause? The project is now well known among the Greek community in Brussels, but of course, it’s always difficult to collect money. Some people think the crisis is over just because Greece doesn’t feature in the front pages of the world media any more. This perception is entirely incorrect. I always invite those people to come with me and visit the schools so that they can see for themselves that the situation remains rather dramatic. There are hundreds of schools that struggle to purchase fuel. I saw the empty tanks. How did the Greeks of Belgium welcome the initiative? Brussels has a large and very well-organised Greek community of around 20,000 people. People here and in Greece are well aware of our initiative, therefore we receive a tremendous amount of support from the Greeks living in Belgium, as well as from many Belgians and foreigners living in Brussels. How many schools did you visit in Greece and what was the reaction of the Greek people? I initially organised a press conference in Athens on 12 December and the majority of the artists that performed in the Brussels’ concert on 22 October (Lavrentis Machairitsas, Vassilis Lekkas, Alexandra Gravas, Petros Bouras) attended. That’s always a very emotional and passionate moment for everyone. The artists describe their experiences from Brussels, their reasons for participating in the initiative and the feelings they brought back home from their time in Belgium. Then, together with the president of the International Foundation for Greece, Aspasia Leventis, we flew to Alexandroupoli where we started fuel deliveries. Overall, we travelled 400 kilometres in one day, going through from Alexandroupoli to Kavala and distributing fuel to eight schools. So far we have visited one school in Avanta (near Alexandroupoli), three schools at Stavroupoli near Xanthi, two in Paranesti (between Xanthi and Drama) and two in Nevrokopi (just south of the Bulgarian border). I could never even attempt to describe and one could never fathom the emotions and reactions we experience at every school that we visit. Meeting with the school principals, the teachers, the students and their parents is such an amazing and moving experience that it fuels the soul with more energy to get back on the road and collect more funds for those people who need it the most. You have written two books on Greece. You have set up a not-for-profit organisation whose aim is to assist the country in a time of turmoil, you own a house in Folegandros and you are always very complimentary towards our country. It seems like you have an endless love affair with Greece. Is that true? I love Greece. I have always loved this country ever since I set foot in the harbour of Katakolon in the spring of 1969. It is a relationship that has been building up over all these years. My project for the schools is just a small token of appreciation for everything that Greece has given me and my wife, who is Greek, throughout the years. We both visit Greece as much as we can and stay at our little house in Folegandros, a beautiful little island in the Aegean. The truth of it is, my love for Greece first started 45 years ago, and it hasn’t stopped since.last_img read more

Wenger unconcerned with crowd absence

first_imgArsene Wenger has dismissed concerns over the lack of attendance in Arsenal’s 3-0 win over Stoke City on Saturday’s league matchThree late second-half goals from Pierre-Emerick Aubameyang (twice) and Alexandre Lacazette secured the three points for Wenger’s side. But the match was largely overshadowed by the notable lack seats being unoccupied in the stands.Arsenal found themselves being booed by their own supporters at the end of the first-half with Aaron Ramsey having clipped the crossbar in what was their only chance in the opening 45 minutes.However, a foul by Bruno Martins Indi on Mesut Ozil gave Arsenal an unexpected penalty with Aubameyang slotting home to give the Gunners the lead. The Gabon international then later added his second of the game by heading in a Ozil corner.Arsenal were later awarded another penalty when Badou Ndiaye’s pushed substitute Lacazette inside the box. The Frenchman then coolly slotted home the penalty to secure his side a 3-0 win at the Emirates.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…Speaking after the match, Wenger insisted that it was due to Arsenal no longer being involved in any challenge that had resulted in the large absence of supporters during the win. But the Frenchman is confident that they fans will return for their Europa League quarter-final clash against CSKA Moscow on Thursday.“It’s just down to the fact that we’re not fighting for the championship,” said the Arsenal coach, according to the BBC.“People know that will not change now. They will be back on Thursday, don’t worry.“It’s explainable by the fact that it’s Easter. It’s a family happening where people go away and it’s a fact that we don’t think about a lot in the Premier League. There’s also the fact that we had a break.”Arsenal remain in sixth place in the Premier League standings with their only realistic chance of qualifying for next season’s Champions League depending on whether they will be able to win the Europa League.last_img read more

Mourinho defends David de Gea says he still best

first_imgThe Manchester United goalkeeper David de Gea in yesterday’s match between Spain and Portugal let a shot from Cristiano Ronaldo slip through his grasp before half-time as Portugal restored their lead for a 3-3 draw.“He’s my boy,” said United manager Mourinho via Sky Sport.“It hurts me to say but he knows, he knows, it’s a bad mistake. But that happens to the best, the good thing with the best is he will be there next match, not afraid.”Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…In summarizing the game, Mourinho said he thought the second-half substitution of Diego Costa, who scored twice, hurt Spain.“For me there was a game with Diego Costa and a game without Diego Costa – the game changed.“I don’t think the game was perfect. I don’t think either team was able to be dominant for 90 minutes, I think some of the goals are some goals that make us want to not sleep.”last_img read more

Roma closing in on Steven NZonzi

first_imgSteven N’Zonzi is set to complete a move to Roma from Spanish side Sevilla after reports emerged that both clubs have sealed a deal for the French midfielderRecent reports suggest N’zonzi reportedly agreed to join Roma for €25m plus bonuses, but they cannot sign the Sevilla midfielder until Maxime Gonalons makes way.According to Calciomercato.com, N’Zonzi reached ‘an agreement in principle’ with Roma sporting director Monchi, coincidentally the man who took the midfielder to Sevilla in 2016.The website explains the 28-year-old is currently holidaying in the United States, where the Giallorossi are playing their preseason tour, having just won the World Cup with France.Rick Karsdorp, Roma, Serie AKarsdorp reveals he had too much stress at Roma Manuel R. Medina – September 14, 2019 The Dutch defender has been with the Gialorrossi since 2017, but he has not enjoyed his time in the Italian Lega Serie A.The former Blackburn player has been a subject of transfer tussle with Premier League side Arsenal equally keen on his services.Arsenal coach Unai Emery worked with the French midfielder in Spain and was keen to reunite with him, but it seems the Serie A have won the transfer battle.However, the Lupi would have to sell Gonalons first – a task that is not proving easy, with Everton and Crystal Palace seeing their offers ‘returned to sender.’last_img read more

OBITUARY Linda M Baillargeon Grover 66

first_imgHAVERHILL MA — Linda M. (Baillargeon) Grover, 66, of Haverhill, passed away peacefully Friday, June 14, 2019 at Nevins Nursing & Rehab Center in Methuen, MA. She was the devoted and loving wife of the late Robert E. Grover.Linda was born in Lawrence, MA, August 27, 1952 the daughter of the late Jean and Esther (Robichaud) Baillargeon. She was raised in Methuen and attended Methuen schools. Linda later moved to Haverhill where she made her home for several years. She was employed for 25 years as an accountant for AGFA Corporation in Wilmington, MA. Linda was a longtime member of The Massachusetts Commission for the Blind. She enjoyed listening to books on tape and cherishing her time with her children and grandchildren.Linda is survived by two children, Jamie J. Spates and Samantha A. Cole. She also leaves behind two grandchildren, Riley and Alicia, two brothers, Raymond Baillargeon and Ronald Baillargeon and three sisters, Jean Bohondoney, Carol O’Brien and Ann Nault. She will also be dearly remembered by several nieces, nephews and many dear friends. In addition to her husband, she was pre-deceased by her son Frank Spates and brother, Richard Baillargeon.Family and friends are respectfully invited to attend visiting hours, Tuesday, June 25, 2019 from 4-6 PM at The Grondin-Carnevale Funeral Home, 129 Kenoza Ave. Haverhill, MA 01830. A private graveside service will be held at Walnut Cemetery in Haverhill. In lieu of flowers the family kindly requests donations in Linda’s memory be made to The Wounded Warriors Project by visiting http://www.woundedwarriorproject.org. For directions or online condolences, please visit www.Grondin-Carnevale.com.Linda M. (Baillargeon) Grover(NOTE: The above obituary is from the Grondin-Carnevale Funeral Home.)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 wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington OBITUARIES (Week of June 16, 2019)In “Obituaries”OBITUARY: Verda J. Murray, 90In “Obituaries”OBITUARY: Elizabeth J. “Betty” (Kilpatrick) Valente, 75In “Obituaries”last_img read more

Star Wars spinoff The Mandalorian will be released at launch of Disney

first_img TV and Movies Digital Media 0 Share your voice The Mandalorian is a big-budget series produced by Jon Favreau, which follows a lone gunfighter on the outer reaches of the galaxy.  Lucasfilm Disney’s live-action, big-budget Star Wars TV series The Mandalorian will be available at launch when the company’s Netflix-like Disney Plus service rolls out later this year. “We’re trying to make it look like Star Wars — a lot of visual effects, a lot of editing,” Executive Producer Jon Favreau said of his work now that shooting of The Mandalorian has finished. He spoke Thursday at an event in Los Angeles unveiling Disney Plus.A short featurette about The Mandalorian, shown to investors gathered at the Disney studio lot, featured the Mandalorian bounty-hunter character walking across a gray, snowy landscape near an alien outpost. He holds out a beeping tracker with a blinking red light, and the scene cuts to the character entering a bar with drums pounding. In the featurette, Favreau said the series starts with the bounty-hunting Mandalorian tracking down quarries. “This is a character you’ve never met before and period of time you’ve never seen before,” Favreau says. The story takes place five years after the events of Return of the Jedi. High-profile originals like The Mandalorian are a crucial selling point for Disney as it attempt to launch a Netflix rival from scratch. After years of putting streaming in the back seat to protect its big-budget blockbusters and lucrative TV model, Disney has made streaming its top priority this year, even restructuring the company around it. It’s the highest-profile example of traditional Hollywood going to extreme lengths to fortify against competition from digital powerhouses like Netflix, Amazon and — soon — Apple. The Mandalorian will star Pedro Pascal, known for playing Oberyn Martell on Game of Thrones (aka the guy who lost that hand-to-hand fight against the Mountain. Yes, that one). The Mandalorian is one of two known Star Wars series planned for Disney Plus, in addition to a Rogue One prequel starring Diego Luna reprising his role of Cassian Andor. The company also has Marvel originals in the pipeline, with programs that center on Avengers characters Loki, Scarlet Witch and Hawkeye.  Disney Star Wars Fox Hulu Netflix Tags Post a commentlast_img read more

Mintoo Alal Sohel didnt file nomination papers

first_imgAbdul Awal Mintoo, Moazzem Hossain Alal, Habibun Nabi SohelBNP vice chairman Abdul Awal Mintoo, joint secretary general Moazzem Hossain Alal and Dhaka south unit president Habibun Nabi Sohel have not submitted nomination papers.The BNP chairperson’s media wing official Sayrul Kabir confirmed this as Wednesday was the last day for filing nomination papers for 30 December parliamentary polls.The BNP official, however, could not say the reasons of their absence from the electoral contest.Abdul Awal Mintoo bought nomination forms for contesting polls from Feni-3 constituency and as a backup candidate for Khaleda Zia from Feni-1, in case she is declared disqualified, the BNP official said.Moazzem Hossain Alal wanted to contest from Barishal-2 constituency and Habibun Nabi Sohel from Dhaka-8 constituency.Candidates of all political parties that are contesting polls submitted their nomination papers to the respective returning officers by Wednesday.Alongside Mintoo, former Jubo Dal leader Rafiqul Islam is also an alternative candidate from Feni-1 if Khaleda Zia cannot contest elections.Former whip Shahidul Haque Jamal also bought nomination paper for Barisal-2 constituency, from where Alal wanted to contest.Earlier, he contested the elections from Dhaka-13. The BNP chairperson’s adviser Abdus Salam got nomination from Dhaka-13 constituency.Habibun Nabi Sohel has been in the jail after he was arrested from Gulshan on 18 September. None submitted nomination on his behalf.last_img read more

Mamata to leave for twoday tour of Birbhum today will hold administrative

first_imgKolkata: Chief Minister Mamata Banerjee will leave for a two-day tour of Birbhum on Wednesday. Banerjee will be chairing an administrative review meeting at Gitanjali Auditorium in Bolpur on Wednesday and on Thursday will be present at a distribution programme at VIP More in Kamarpara under Ilambazar police station area.A senior official in the district administration informed that the Chief Minister will also inaugurate the Baul & Lok Utsav from the venue at Ilambazar. “We have held meetings for the last few days and district magistrate Moumita Godara Basu along with senior officials paid a visit to the venue and gave necessary instructions. The top brass of police are also putting up a strong security blanket in and around the area,” the official said. Also Read – Rain batters Kolkata, cripples normal lifeThree helipads have been set up in the area, with one at the backside of Gitanjali Auditorium, another at Binoy Bhavan Stadium in the campus of Visva Bharati and the third one at Kamarpura adjacent to the stadium in which the Chief Minister’s distribution programme has been scheduled. Banerjee will lay the foundation stones of various projects and inaugurate a number of schemes at her distribution programme on Thursday. She will also award prizes to winners of various sports events and Jangalmahal Cup. Men and women in the districts who have excelled in sports activities will be also handed over prizes by the Chief Minister. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThe district police have already held a rehearsal on how the beneficiaries will go to the stage and collect awards from Banerjee. A large number of farmers will also be handed over toolkits at the venue. A major attraction of the programme will be 1,000 Bauls with their ektaras and other similar musical instruments. Around 100 Bauls will perform on the main stage. The administrative review meeting will be attended by senior officials of the Block, Zilla Parishad and Panchayat level, senior police officials and officers-in-charge of all police stations in the district.last_img read more

It was once thought that while the Denver Broncos

first_imgIt was once thought that while the Denver Broncos were looking to trade Kyle Orton, if they couldn’t get a good deal they’d be happy to keep him around to backup Tim Tebow.Think again.According to Pro Football talk, Orton is due almost $9 million in 2011, meaning he could be just a bit expensive to keep around as a backup. So, a trade may not only be an idea, but a necessity.Enter the Cardinals. They are looking for a new quarterback, and Orton is generally thought to be option 1-B to Kevin Kolb’s 1-A. And, depending on what the Eagles’ asking price is, Orton could find himself in the top spot. What an MLB source said about the D-backs’ trade haul for Greinke Comments   Share   Top Stories Cardinals expect improving Murphy to contribute right away Nevada officials reach out to D-backs on potential relocation D-backs president Derrick Hall: Franchise ‘still focused on Arizona’last_img read more

In This Issue Yellens Friday words still dom

first_imgIn This Issue. * Yellen’s Friday words still dominating currencies & metals. * Yen falls another whole figure. * Singapore 1st QTR GDP is strong! * Doesn’t anyone see what I see? And Now. Today’s A Pfennig For Your Thoughts. The CBR Sends The Ruble To The Woodshed. Good day..  And a Wonderful Wednesday to you! Well, those dangerous storms continue in the South. Last night, I sent a text to my younger sister, who lives with my other younger sister, just outside of Houston, to check and make sure they were safe. Not that I know what I would have done if she said they weren’t safe, but, I felt I needed to do that, being their older brother. It’s been quite the storm filled spring here in the U.S., eh?  Usually, our area is right smack dab in the middle of that stuff, but not this year, as the jet stream has dropped to the south. But not today, it appears the nasty stuff is headed straight up Highway 44 to St. Louis, the normal route for spring storms. UGH!   The official start to Spring doesn’t come until the middle of next month, although the thought that summer began with Memorial Day, usually registers more with people.. June is going to be quite interesting for the Eurozone, the euro, and Greece, as Greece is scheduled to make loan payments to the IMF on June 5th, 12th, 16th and 19th. WOW! I’m not sure what Greece can do about all this, except to accept the austerity measures and secure the loans, or, just walk away, default, and cause chaos. I’ve written about how if I were the Eurozone leaders I would just say, “here it is, take it or leave it”, and if Greece decided to leave it, then so be it. For, to me, they are the slowest Buffalo. And to make the herd faster you must allow the slowest Buffalo to be killed.   Hey! In all seriousness, I learned the slowest Buffalo theory from Cliff Clavin! So there! The dollar rally seems to have been a little overdone, and the green/peachback is generally weaker this morning. The Japanese yen seems to be really slipping and sliding along the slippery slope these past couple of days. Yesterday, I told you how the yen had slipped from 121 to 122, well today it’s 123. It’s not the same old names, but the same of titles of officials that are talking about, “how excessive FX moves are not warranted” and stuff like that. But, they have no one to blame but themselves for these sweeping moves taking place with yen, as it’s these same leaders that have gone about adding stimulus and generally attempting to get yen weaker to promote economic growth. It’s a classic case of being careful of what you wish for, as you may get your wish! The euro has regained some lost ground, but it has been trading all over the place lately with no general direction carved out. Some might say that the 3-cent drop in the euro from Friday morning to Tuesday morning, as a clear direction downward, but I would stop them and say that the euro has bounced twice now after falling below 1.09, so be careful here. The Eurozone/ Greek talks will begin again today. I don’t hold out a lot of hope here today. In the U.K. today, the Queen will speak and set out the government’s policy for the parliamentary sessions. The markets will be looking for any sign that the Queen is behind this latest move by parliament to leave the European Union. They call this a Brexit.   So, now we’ve made up two words: Grexit, and Brexit. The British pound has enough to worry about, with the lack of economic growth, falling inflation and no rate hikes as promised, but apparently you can now count this little ditty. The Bank of Canada (BOC) meets today, and will make a rate decision. I don’t believe that the BOC will do anything drastic with rates. The economic performance of Canada has been a mixed bag-o-results, and with that going on, there’s no reason for the BOC to move rates in either direction. Although I would think that BOC Gov. Poloz would love to cut rates so he can join his fellow Central Bankers around the world. Shoot Rudy, if he doesn’t cut rates like the rest of the clan, what on earth would they talk about at the next cocktail party? I had a dear reader send me a note yesterday, telling me that all these moves by Central Bankers reminded him of the great Albert Einstein quote, which I now believe is my fave quote!  Einstein said, “The difference between intelligence and stupidity is that intelligence is limited”.   I think that sometimes that quote applies to me. I was such a dolt yesterday about something so mundane, but a dolt nonetheless, so, see, the dear reader believes that quote reminds him of Central Bankers, and I think it reminds me of me! HA! Well, one of the best performing currencies year to date, the Russian ruble, appears to have met its match with regards to appreciation, as the Central Bank of Russia (CBR) is gaining traction with their desire to weaken the ruble, as they feel that the ruble’s move has been too far, too fast. I think otherwise, but then I’m no Central Banker.  The chartists are now piling on the ruble, talking about how the ruble has traded through its 200-day moving avg. (DMA) and it could be the start of a bearish trend in the ruble that could take it from the current level 51.50 to 56. For the record, the CBR has cut rates, as if that wasn’t expected given the CBR boosted rates to 17% to defend the ruble last year, and the CBR has apparently intervened, selling rubles in the market to weaken it.   Longtime readers know how much I dislike Central Banks sticking their hands in the currency cookie jar, so not that long ago I smiled when thinking of the ruble, and now my smile has turned upside down, because of the CBR’s actions. UGH!  Can I get a bone thrown to me here? The Chinese renminbi / yuan was pushed weaker overnight by the Peoples Bank of China (PBOC). I’m somewhat surprised by that move, given the news last night from the SWIFT payments people that the renminbi / yuan has become Asia’s most-active currency for payments in China and Hong Kong. Get this. The renminbi / yuan accounts for 31% of the region’s payments, up from 7% in April of 2012..   Now, most people don’t see this as BIG News. But I do. just like yesterday, when I told you about the SGE Gold Fund, no one else talked about it, because they didn’t see it for what it was, another brick in the wall of removing dollar relevancy. And this news? Well, here’s how I look at it, folks. China needs a wider distribution of their currency, and to get that, they need dealers to begin to make markets in the currency, and they also need for importers and exporters to begin to make payments using the renminbi / yuan so the distribution begins to spread out. So, for now it’s Asia that China has cornered the payments, and next it will be what region? Oh, there will be another region, and then another region. Because that’s what China wants. You know, there are tons of articles and reports out there that talk about deflation, and how Central Banks are fighting deflation, and would rather see “controlled inflation” as if that’s really a thing to strive for.  But no one ever talks about where the deflation came from?  Well, let’s take a quick look at the poster child for deflation. Japan. then switch over the U.S. and then to the Eurozone, and the U.K.  what do all of these countries have in common. Large Debts.. That’s what. So guess where deflation comes from in my mind? The deflation comes from the rise in the cost of government in addition to the collapse in leverage. As governments with power turn to extracting more from the people rather than weak government.  Well, there’s no sign of deflation at Disney World. Yesterday’s Five Minute Forecast (The 5)  talked about this, and it caught my eye, so I’ll borrow some of their stuff here.   No worries, I’ll give it back to them when I’m finished! HA!   So, Disney just announced that tickets for Disney World in Florida had increased to “just $100”.    That’s a far cry from what tickets cost in 1971, when it opened.. $3.50.   So, the increase of ticket prices by decade has gone like this. 1971 $3.50, 1981 $9.50, 1991 $33.00, 2001 $48.00, 2011 $85.00 and 2015 $105.     YIKES! Talk about inelastic demand!     So, here are my thoughts on this. The fact that still have families heading to Disney World, when everything around them hurts, like Retail Sales, 6,000 Retail Stores to close this year, and gas sales not being the ka-bang to the economy that everyone thought, tells me a lot. It tells me that it’s like a one last time. You know a star shines the brightest right before it burns out, thing. Well, Gold is down again today, and has now fallen below the $1,190 figure. losing touch with $1,200 as the days go by.  I told you yesterday how Fed Chair, Janet Yellen’s speech on Friday afternoon had really deep sixed Gold, by renewing the thought that a rate hike could happen in June into the minds of traders. You know, I told you yesterday, what my thoughts were on what she said. in case you missed it, you should go to the Pfennig’s website, and you can find it in the archives. just click here: www.dailypfennig.com     On a sidebar, I love the Pfennig’s website, because it gives readers the chance to go back in the archives and check out something I said in a previous Pfennig. You know, how I always say, stuff like, “I told you the other day that. “?   Well, this way you can makes certain that I did say what I said I said. And on Fridays I always post a picture of me just to remind you that I’m somewhat short, overweight, and balding, you know like the grandfather of 3 grand kids, and someone that you would want to have dinner with! HAHAHAHAHA!  Singapore printed some good economic growth data yesterday.  Sing 1st QTR GDP was given a final upward revision to 3.2% VS the advance estimate of 1.1%… Now that’s what I call a good upward revision!  So, VS the previous quarter, the Sing economy grew 3.2%, and on an annual basis, the Sing economy grew 2.6%…  And the outlook for the rest of 2015, is for an even modestly stronger growth.  So, how is Singapore growing so strongly, when the rest of the region, and the world for that matter, isn’t?  It’s called having the key ingredients being the right mix.  Pharmaceuticals, electronics, and services. Things people all over the world need and want. Have you ever heard Otis Redding’s version of the song; Try a little tenderness?  Shoot 3-Dog Night did the song, the Commitments, and probably countless others, but Otis Redding’s version will get to you.   So. the U.S. Data Cupboard yesterday, did print, as I said it would, a negative Durable Goods Orders for April, printing -0.5%… so, the first month of the 2nd QTR continues to prints some very weak data. Capital Goods Orders though rose 1%, to offset March’s -0.5% print. The S&P/ CaseShiller Home Price Index rose in March by 1.3%… Again, this housing stuff is getting overdone in my opinion, for this is nothing that looks like a long term move, but more like a blue light special sale that consumers don’t feel will be there much longer, so they have to buy now, kind of thing. And the Consumer Confidence Index rose from 94.3 to 95.4. But it’s important to look that last month’s original print was 95.2 but was revised downward to 94.3. I’ll bet a dollar to a Krispy Kreme that this print of 95.4 will get revised downward next month too. Maybe I’ll remember to talk about that next month!   But then next month is not promised to me, only today is. Today’s Data Cupboard gets a breather before heading into our Tub Thumpin’ Thursday menu. So back to no data equals no bad data for the U.S. (except housing and fabricated jobs)  So, get your rest now while you can, because we’ll head into the end of the week, and when we come back next Monday it will be June, and the data will come rolling in day after day!  To recap. The dollar’s mighty rally appears to be somewhat squelched by those traders that think the rally was overdone. The euro has regained some ground this morning, but it has really bounced around a lot lately, so watch for that.  Japanese yen has lost 3 full figures since last week, now trading to 123. Japanese leaders were vocal last night about “watching excessive moves in FX” same old rhetoric, different names, same titles.   The calls for an exit of the European Union, by the U.K. are becoming quite strong, and the Brexit as it’s called will begin to be headline news soon. Singapore posted a strong 1st QTR GDP, so what gives with Singapore being able to have economic growth when the rest of the region is struggling?  And Gold gets another day on the selling blocks, what is going on here, don’t people/ traders see the SGE Gold fund like Chuck does? Apparently not! For What It’s Worth.  Well, I found this on the Telegraph.co.uk website, because I’m always drawn to articles about debt, just like a bug to the neon light!   So, it’s not an upbeat article, it’s about debt, but I’ll try to break it to you softly. HA!   Here is the link to the whole article: http://www.telegraph.co.uk/finance/economics/11625406/The-world-is-drowning-in-debt-warns-Goldman-Sachs.html   And as usual, here are a couple of snippets for those of you, needing to get to the Big Finish quickly today! “The world is sinking under too much debt and an ageing global population means countries’ debt piles are in danger of growing out of control, the European chief executive of Goldman Sachs Asset Management has warned. Andrew Wilson, head of Europe, Middle East and Africa (EMEA), said growing debt piles around the world posed one of the biggest threats to the global economy. “There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate growth to work that debt off but, as demographics change, new ways of thinking at a policy level are required to do this,” he said. The demographics in most major economies – including the US, in Europe and Japan – are a major issue – and present us with the question of how we are going to pay down the huge debt burden. With life expectancy increasing rapidly, we no longer have the young, working populations required to sustain a debt-driven economic model in the same way as we’ve managed to do in the past.” Chuck again. So.. I’ve beaten this debt thing to a pulp over the years, but there are still economists, observers, traders, etc. that don’t think it’s that Big a thing. Well, remember what I told you above about where I believe deflation comes from. And then tie it back to this article about the debt of the developed nations. of which they all have deflation. Hmmm As we head to the currency roundup the euro has done like I feared it would this morning, giving back its gains in the two + hours I’ve been here. UGH! Currencies today 5/27/15. American Style: A$.7710, kiwi .7225, C$ .8025, euro 1.0860, sterling 1.5370, Swiss $1.0515, . European Style: rand 12.1315, krone 7.7535, SEK 8.5290, forint 284.45, zloty 3.8045, koruna 25.2255, RUB 51.81, yen 123.75, sing 1.3525, HKD 7.7530, INR 64.02, China 6.1198, pesos 15.34, BRL 3.1530, Dollar Index 97.41, Oil $58.73, 10-year 2.15%, Silver $16.66, Platinum $1,123.19, Palladium $781.82, and Gold. $1,186.48 That’s it for today. Well, after the storms came through yesterday morning, it turned out to be a very nice day. Sunshine and warmth.. But days of rain off and on are the forecast for this week.  Cards bats come alive last night, and they were needed! WHEW!  So, have you even heard about our NFL team, the Rams, and the owner that wants to move the franchise to L.A.? I try not to get into this much, because it just makes me very angry. Sure it’s his “company” he bought it, but doesn’t it also belong to the city that supports it?   Oh well, Que Sera, sera. Whatever will be will be, the future’s not ours to see, Que, sera, sera. How many of you remember, Doris Day singing that song? I know I do.   Marshal Tucker’s song: 24 Hours is playing on the iPod right now. I always found that this song, and the song by Missouri, Movin’ On, were the best driving songs, well especially if you had a care free frame of mind.  Well, did you see that the U.S. is going after FIFA for corruption? WOW!  I would say something snarky here if I had a care free frame of mind, but I think I’ll just keep that comment to myself!  So, let’s go make this a Wonderful Wednesday! Chuck Butler Managing Director EverBank Global Marketslast_img read more

Recommended Links

first_img Recommended Links Louis James Senior Investment Strategist Casey Research Editor’s note: This year alone, Louis has found 12 different stocks that have already doubled, using “The Casey Method.” This is the highly successful method Doug has personally used to make millions of dollars in gold stocks. And now, for the first time ever, he is sharing his method with you so that you can start making huge gains in what he believes will be the biggest gold mania we’ve ever seen. Put simply, this method works. Doug’s used it to make massive profits during every gold bull market in the last 40 years. During periods of rising gold prices, he’s used it to book gains of 487%, 711%, and even 4,329% in gold stocks. You can learn more about this incredible opportunity by watching this FREE video presentation. The “Casey Method” for buying gold stocks A remarkable way to buy gold stocks for as little as pennies and sell them within a year or two for 400% gains… from a man who’s made millions of dollars in his career as a gold speculator. Click here for full details. As the great Canadian philosopher Wayne Gretzky said: “I skate to where the puck is going to be, not where it has been.” And the point of this is that smart people thinking about investing in gold and silver today are asking themselves the same questions I was asking myself in 2006. Gold has risen 31.4% from its low of $1,053 per ounce late last year to its recent high of $1,384. Silver’s been up as much as 54.1%. “Is it too late?” My answer is no. I understand that it’s hard to put money into stocks that have risen sharply in recent months. Many of our stocks are up more than 100%, 200%, and even 400% since their low at the beginning of this year. But that’s got more to do with how oversold they were than what is likely to happen next. In seeking to skate to where the puck is going to be, we look for value to be added ahead. It’s just as when I made the call on Fortuna back in 2006. All of the companies I currently recommend buying in the International Speculator have huge value to add. This is true even if the price of gold does not continue rising. It’s true even if precious metals retreat towards recent lows. Actually, if gold and silver did correct sharply before heading higher again, that would be the best thing in the world for those just getting into related stocks. It would create great buying opportunities. At this point, this may actually be likely. You want to be ready to take advantage of it. I’m excited about the work I’m doing now. It’s not enough to have a portfolio of winners in hand. I’m traveling more than I have in years, scouring the world for new opportunities. I knew this day would come during the down years. Now that it’s here, I’m having a ball putting all I’ve learned from Doug and many of the best geologists in the world to work on my readers’ behalf. I may wear out another pair of boots, but it will be worth it. I think we’re all about to make a pile of money. I realize that I’m singing my own praises here, but what I’ve just said is true. And if you’re not already an International Speculator subscriber, I hope you’ll join me for the adventure ahead. I believe you will be very glad you did. Sincerely, Editor’s note: Yesterday, we told you that there are huge money-making opportunities in the gold market that are staring us in the face right now. Casey Research founder Doug Casey says gold stocks are in the early stages of a “true mania”…and that there’s never been a better time to own them. Senior Investment Strategist and International Speculator editor Louis James agrees. And in today’s special Dispatch, he explains why it’s not too late to get in on this boom right now… Dear Reader, Deep under a mountain, but so high up in the Andes that I could barely breathe, I found one of the best money-making opportunities I’ve seen in my entire career. I was in an old mine tunnel. The ore was massive sulfides of lead and zinc, with high grades of silver. These sulfides sparkle brightly in your miner’s lamp, like chandeliers. Usually, you see a narrow vein with a little of this stuff sprinkled in it. You look up to see it in the ceiling of the tunnel, or slashing a wall. Not this time. The entire tunnel—a good four meters wide by four meters tall—was blasted through a zone of massive sulfides so thick, it all sparkled in my lamp. The walls, the ceiling, the floor, everything. It was like walking through a field of stars. On the old mine posts, I could see the assay numbers left behind by the old-timers: 9% lead-zinc, 12%, 15%—with hundreds of grams per tonne of silver. The rock had more than $500 in contained metals in some places. I asked the mine geologist (who was my guide) how anyone could leave so much value behind. He told me that the old-timers were only interested in the highest-grade core of the deposit, which ran to more than a kilo of silver per tonne. The speculation was that not only could these high-grade (by modern standards) remnants be mined, but that more bonanza-grade silver and gold could be found as well. That potential was made very real to me when we returned to the surface. I could see that the rock alteration visible on the mountain above the vein was repeated up and down the valley, showing the location of other veins. Many had been worked in colonial times—the mine has a history that goes back more than 400 years—but there were plenty more to explore. The vein is called Animas. It’s part of the Caylloma mine camp in Peru. The company is called Fortuna Silver Mines (FSM, FVI.TO). At the time, it was an exploration company that had just bought the mine with its 7.0 million ounces of silver in historic mine reserves for $7.55 million. Experts were skeptical that a little explorer like Fortuna had what it took to put Callyoma back into production and make money. This was back in January of 2006. I could see plain as day that the mine was a cash cow just waiting to be given the attention it deserved, surrounded by enormous blue sky potential. I wrote a report saying so while still in the field, and Casey Research founder Doug Casey recommended the stock at C$1.15 in an investment alert on January 27. Now, here’s the thing: the stock had been trading for less than C$0.20 for years. At C$1.15, it was already up more than 500% for those in before it became obvious that the gold and silver bull market underway was real. So, I had to ask myself: was I too late? What if we put a “Buy” on the stock only to provide exit liquidity for the early birds? What if Fortuna fell on its face in the transition from exploration to production? That’s actually a very common outcome. What if we were being the new “stupid” money, chasing after a stock that had already risen to ridiculous levels? If I had let such fears stop me, we would have missed out on what happened next. Fortuna doubled within two months. We were able to take profits on March 29, 2006, at C$2.38. The stock came within kissing distance of C$7 in 2011. It gave much of that up in the multi-year bear market that followed. But just last week, it hit an intra-day high of C$12.73 (August 2, 2016). That’s more than 10 times the price of our initial recommendation—and the company is still adding new value today. Ten-baggers are no myth. The point of this story is not to brag. In fact, there were many ups and downs, we took profits along the way, and we were in and out of the stock. So our official gain on this pick is not 1,000%, even though this was possible. (And just imagine if we’d been in at 20 cents!) The point is that back in 2006, when I was asking myself if I was being stupid for recommending a stock that was already up 500%, I chose to drive forward looking ahead, not in the rear-view mirror. This is critical. If I had let how much the stock had already risen paralyze me, we would have missed out. Instead, I made the decision based on the huge value the company was clearly set to deliver. We took the plunge.center_img – One man’s secret to making $960,000/year He doesn’t hold a regular job… hates ordinary stocks… and spends most of his free time in the park. But he generates all the cash he needs with a simple approach he’s sharing here. —last_img read more

Bitcoin is taking speculators for a ride Bitcoi

first_imgBitcoin is taking speculators for a ride. Bitcoin is a digital currency that was created in 2009. Unlike paper currencies, Bitcoin isn’t controlled by a government or central bank—it’s governed by a peer-to-peer network. In the beginning, few people took Bitcoin seriously. But it’s become very popular with investors in recent years. That’s partly because more and more people are losing faith in the paper money system. The business community is also embracing the digital currency like never before. More than 100,000 businesses around the world, including Amazon, eBay, and Target, now accept bitcoins as payment. • In 2015, Bitcoin’s price surged 40%… It was the year’s top-performing currency. Last year, Bitcoin surged another 120%. It was the year’s best-performing currency once again. Until recently, it looked like the digital currency was headed for a three-peat. • Bitcoin’s price surged 20% over the first four days of 2017… Last week, it topped $1,000 for the first time since 2013. And it got within $13 of its all-time high.  Frantic buying by the Chinese fueled the recent rally. Yahoo! Finance reported last Thursday: The yuan fell 6% against the US dollar in the past year, hitting its lowest point since 2008. China’s foreign exchange reserves are expected to keep shrinking in 2017. It’s clear that as a result, many Chinese investors have turned to bitcoin: trading activity of bitcoin in the yuan is up more than 60% in the past 30 days, according to bitcoinity charts. More than 90% of all bitcoin activity globally, in fact, is coming from China. In other words, Chinese folks loaded up on bitcoins because they’re worried about the money in their wallet losing value. They’re not alone, either. • Venezuela’s currency, the bolívar, is in free fall… According to CNNMoney, it lost 55% of its value in November. Today, prices for everyday goods and services in Venezuela are more than doubling every month. Storekeepers in the country are now weighing out piles of cash rather than counting the money. In India, locals are worried that there could be a national bank run. That’s when everyone tries to pull money out of the banking system at once. Not to mention that central banks in Europe and Japan are still trying to stimulate their economies through easy-money monetary policies. As we’ve explained many times, these radical measures could end up destroying the very currencies these central banks are supposed to protect. • In short, people have plenty of reasons to be worried about the money in their wallet… That’s why the price of Bitcoin shot through the roof recently. But many of these folks had no clue how volatile this digital currency could be. • The price of Bitcoin plunged by more than 20% last Thursday… The People’s Bank of China (PBOC) sparked the crash after it told investors to be wary of digital currencies. Yesterday, Bitcoin plunged another 13%. The PBOC, once again, ignited the selloff. Reuters reported yesterday: The price of digital currency bitcoin slid around $50 on Wednesday after China’s central bank said it had launched spot investigations on bitcoin exchanges in Beijing and Shanghai in order to fend off market risks. The investigation of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into possible market manipulation, money laundering, unauthorized financing and other issues, according to the statements posted on the People’s Bank of China’s website. • Today, Bitcoin is down another 5%… It’s now lost more than a quarter of its value over the past week. That’s a staggering decline. Remember, bitcoin is supposedly a currency. But currencies should never be this volatile. This tells us that Bitcoin isn’t money yet. It’s still a speculation vehicle. If you know what you’re doing, you could make a fortune trading Bitcoin. But if you don’t, you could lose a lot of money very quickly. That said, we still think Bitcoin is a step in the right direction. After all, anything is better than money controlled by reckless and increasingly desperate governments. But Bitcoin and other digital currencies like it have a long way to go before we’re ready to call them “money.” • Gold, on the other hand, is a proven form of money… People have bought and sold goods and services with it for thousands of years. It’s survived every sort of financial crisis. And it’s outlasted countless paper currencies. Plus, gold’s value is stable. It’s not going to plunge 25% or more over the course of a few days. There also isn’t a central authority in the world that controls gold’s price or its supply. It’s a truly global currency. That’s why gold is still the best way to protect yourself from reckless governments and central banks. – Recommended Links • The price of gold has spiked 5% since the start of the year… It’s now trading above $1,200 an ounce for the first time since November. But we think it could be headed much higher. Remember, central banks around the world are losing their grip on their currencies. If this keeps up, more and more people are going to seek out alternative currencies. Many of them will take shelter in gold, the world’s most trusted safe-haven asset. If you’ve been meaning to buy physical gold, we encourage you to first watch this new interview with Casey Research founder Doug Casey. As you’ll see, the U.S. government is working on a secret project right now that could radically transform America’s monetary system. According to Doug, this could be the worst thing to happen to the U.S. dollar since the end of the gold standard. Click here to see why. Chart of the Day Beware of leveraged exchanged-traded funds (ETFs). Leveraged ETFs allow traders to amplify returns through—you guessed it—leverage. There are leveraged funds that track the price of oil, the U.S dollar, and even gold stocks. Some of these funds offer 2x leverage. In other words, they’ll rise 2% when the underlying asset they track rises 1%. Other funds are leveraged 3-to-1, or 3x. Due to their high risk and construction, most traders don’t hold these kinds of funds longer than a few days. But, even then, they can still be incredibly risky. To help you understand why, we put together the following chart. It compares the weekly performance of an unleveraged ETF (1x) with a leveraged one (3x). Let’s pretend that both funds track the same basket of gold stocks. On Monday, both funds close the trading day at a share price of $100. On Tuesday, the basket of gold stocks jumps 10% in value. On Wednesday, it falls 10%. On Thursday, it rebounds 10% before falling 10% again on Friday. At the end of the week, the unleveraged fund is worth $98. The leveraged fund, meanwhile, has fallen to $83. In other words, it lost almost nine times as much as the unleveraged fund. It’s important that you remember this. You see, many investors buy leveraged funds hoping to get rich quick. But few realize how quickly losses can pile up. If you want to boost your returns, we encourage you to avoid leveraged funds. You’re much better off investing in world-class companies that, for one reason or another, are trading at deep bargains. This is a much less risky way to generate big returns.   —center_img Imminent March Announcement to Unleash $3 TRILLION Of Wealth You won’t hear about it from the media. But a major global organization is preparing to make a critical announcement this March. One that could ignite a $3 TRILLION buying spree… and shake markets to their core. There’s one simple move to take if you want to be on the winning side of this wealth transfer. Click here for the full story. EXPIRES MIDNIGHT TOMORROW: WANTED: 1,000 Men and Women To Join Chris Mayer In The Most Ambitious Project Of His Career This is an entirely new Bonner & Partners project, with an ambitious goal to teach you how to find stocks with the potential to become the biggest stock market winners of tomorrow. Success is not guaranteed. We could fail completely. But if it all works out the way former banker Chris Mayer intends it to, just one idea could fund your whole retirement. If you have the courage to learn more, click here for the full details of my new project. Regards, Justin Spittler Delray Beach, Florida January 12, 2017 We want to hear from you. If you have a question or comment, please send it to feedback@caseyresearch.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful.last_img read more

Health was a persistent theme if not the centerpi

first_imgHealth was a persistent theme, if not the centerpiece, of President Trump’s State of the Union address at the Capitol on Tuesday night. The president laid out a series of health-related goals, including some that even Democrats indicated could be areas of bipartisan negotiation or compromise. Trump vowed to take on prescription drug prices, pursue an end to the HIV epidemic in the U.S. by 2030 and boost funding for childhood cancers. He also took a victory lap for goals that his administration had accomplished. “We eliminated the very unpopular Obamacare individual mandate penalty,” he said, referring to the requirement in the Affordable Care Act that most people must have health insurance or pay a fine. It was eliminated as part of the 2017 GOP tax bill, despite backlash from critics that it could undercut Obamacare, after many failed attempts by Republicans to repeal the law.And Trump noted congressional passage of a “right-to-try” bill that was supposed to make it easier for terminally ill patients to gain access to experimental medications, but so far, few patients have been able to make the law work for them. The most likely ground for bipartisanship will be the issue of drug prices, where Democrats are as eager as the president to do something to rein in prices. “It is unacceptable that Americans pay vastly more than people in other countries for the exact same drugs, often made in the exact same place. This is wrong, this is unfair, and together we will stop it. We will stop it fast,” he said. “I am asking the Congress to pass legislation that finally takes on the problem of global freeloading and delivers fairness and price transparency for American patients.” Democrats are cautiously optimistic on the drug price front. “I really am hopeful about making strides on prescription drug legislation this year on a bipartisan basis,” Wendell Primus, top health aide to House Speaker Nancy Pelosi, D-Calif., said at a conference for health policy researchers hours before the speech. But not all of Trump’s claims Tuesday about his efforts on drug pricing stand up to close scrutiny. He proclaimed that “in 2018, drug prices experienced their single-largest decline in 46 years.” The drug-price portion of the consumer price index declined slightly last year for the first time since 1972, but prices for many individual drugs are still rising. Factors beyond the administration’s actions appear to have played the biggest role in the overall slowdown. Drug price increases have slowed largely because patents have expired on expensive, blockbuster drugs, and several years have passed since the introduction of expensive medicines to treat hepatitis C, according to independent analysts. But even as consumer drug prices have moderated, drug spending per hospital admission soared 19 percent from 2015 to 2017, a study sponsored by hospital trade groups found last month. That includes anesthesia drugs, chemotherapy infusions and other medicines that are not counted in the CPI.Some well-placed Republicans praised the drug price effort. “I expect deep-pocketed interests to oppose anything and everything to protect the status quo,” said Sen. Chuck Grassley, R-Iowa, chairman of the powerful Senate Finance Committee. “But the moment is ripe for action and Americans expect us to work together to get the job done.”News organizations including NPR and Kaiser Health News have reported on dozens of cases of surprise hospital bills, unaffordable costs for life-sustaining drugs and other health-expense shocks for patients. Shereese Hickson, whose experience with a $123,000 bill for multiple sclerosis drugs was covered by KHN and NPR, was watching the speech. “I’m glad he mentioned it,” she said of Trump’s promise to bring transparency and competition to pharmaceutical prices. “But I would like to see if it really will come true. If you do that — that’s going against the drug companies. They’ll be losing money and they’re not going to let that happen.”Paul Davis — a retired doctor from Findlay, Ohio, whose family’s experience with a $17,850 bill for a simple urine test was detailed in a story that launched NPR-KHN’s Bill of the Month project last year and who met with Trump about surprise billing last month — said he was disappointed Trump didn’t go into further detail about his health care proposals.”He didn’t say anything,” Davis said.Davis said he would have liked to have heard more about the administration’s recently announced plan to eliminate drug rebates negotiated by middlemen in the Medicare drug program, as well as the recently implemented policy requiring hospitals to list their prices online.”If he wanted to use the podium to talk about the wonderful things that he’s done, that’s one of the things he’s gotten accomplished,” Davis said.In their official responses to the speech, Democrats were more combative. “In this great nation, Americans are skipping blood pressure pills, forced to choose between buying medicine or paying rent,” said Stacey Abrams, former Georgia House minority leader and a rising star in the national Democratic Party. “Maternal mortality rates show that mothers, especially black mothers, risk death to give birth. And in 14 states, including my home state where a majority want it, our leaders refuse to expand Medicaid, which could save rural hospitals, economies and lives.”California Attorney General Xavier Becerra, who gave the Spanish-language Democratic response, reminded viewers that while the Trump administration is seeking to have the Affordable Care Act overturned in court, Democrats would provide “medical care for your family that no politician can take away from you.”In another outreach to Democrats, Trump vowed that his budget “will ask Democrats and Republicans to make the needed commitment to eliminate the HIV epidemic in the United States within 10 years. Together, we will defeat AIDS in America,” he said. Groups that have been fighting HIV praised the promise.”While we might have policy differences with the president and his administration, this initiative, if properly implemented and resourced, can go down in history as one of the most significant achievements of his presidency,” said Michael Ruppal, executive director of The AIDS Institute.Trump also promised that his budget, which has been delayed by the recent government shutdown, will seek new funding to expand research into cures and treatments for childhood cancer. He said he will seek “$500 million over the next 10 years to fund this critical lifesaving research.” The National Institutes of Health has long been a bipartisan favorite in Congress, although Trump in his first budget did seek cuts in NIH funding. The one area in which bipartisanship will clearly not prevail is that of abortion. Trump reiterated a promise he made to anti-abortion groups as a candidate in 2016 and pushed for a federal bill to ban abortions after 20 weeks of pregnancy. “Let us reaffirm a fundamental truth: All children — born and unborn — are made in the holy image of God,” he said.Senate Republicans voted on such a bill in 2018; it failed to advance by a large margin. The bill still lacks the votes in the Senate, and the House now has a majority that supports abortion rights. Abortion opponents praised the president’s comments. “Once again, President Trump has proved he is our nation’s most pro-life president ever and he is keeping his promise to the voters who fueled his victory,” said Marjorie Dannenfelser of the Susan B. Anthony List. Abortion-rights supporters, meanwhile, chastised Trump’s comments. “Shame on the president for using the State of the Union to vilify people who have abortions and the providers who care for them,” said Megan Donovan of the Guttmacher Institute. “Make no mistake: This is part of a larger agenda to eliminate access to abortion altogether.”Kaiser Health News is a nonprofit news service that is an editorially independent program of the Kaiser Family Foundation. KHN staff writers Jay Hancock, Emmarie Huetteman and Ana B. Ibarra contributed to this report. Copyright 2019 Kaiser Health News. To see more, visit Kaiser Health News.last_img read more

The headlines about presidential candidate Joe Bid

first_imgThe headlines about presidential candidate Joe Biden’s new health care plan called it “a nod to the past” and “Affordable Care Act 2.0.” That mostly refers to the fact that the former vice president has specifically repudiated many of his Democratic rivals’ calls for a “Medicare for All” system, and instead sought to build his plan on the ACA’s framework.Sen. Bernie Sanders, one of Biden’s opponents in the primary race and the key proponent of the Medicare for All option, has criticized Biden’s proposal, complaining that it is just “tinkering around the edges” of a broken health care system.Still, the proposal put forward by Biden earlier this week is much more ambitious than Obamacare – and despite its incremental label, would make some very controversial changes.”I would call it radically incremental,” says Chris Jennings, a political health strategist who worked for Presidents Bill Clinton and Barack Obama and who has consulted with several of the current Democratic candidates.Republicans who object to other candidates’ Medicare for All plans find Biden’s alternative just as displeasing.”No matter how much Biden wants to draw distinctions between his proposals and single-payer, his plan looks suspiciously like “SandersCare Lite,” writes former congressional aide and conservative commentator Chris Jacobs in a column for The Federalist.Biden’s plan is built on the idea of expanding the ACA to reduce costs for patients and consumers — similar to what Hillary Clinton campaigned on in 2016. It would do things Democrats have called for repeatedly since the ACA was passed. Among Biden’s proposals is a provision that would “uncap” federal help to pay for health insurance premiums — assistance now available only to those with incomes that are 400% of the poverty level, or about $50,000 for an individual.Under Biden’s plan, no one would be required to pay more than 8.5 percent of their income toward health insurance premiums.But it includes several proposals that Congress has failed repeatedly to enact, including some that were part of the original debate over the ACA. Plus, Biden’s plan has some initiatives that are so expansive, it is hard to imagine them passing Congress — even if Democrats sweep the presidency and both houses of Congress in 2020.Here are some of the more controversial pieces of the Biden health plan:Public optionAlthough many of the Democratic presidential candidates have expressed varying degrees of support for a Medicare for All plan, nearly all have also endorsed creating a government-sponsored health plan, known colloquially as a “public option,” that would be available to people who buy their own health insurance. That eligible group would include anyone who doesn’t get insurance through their job or who doesn’t qualify for other government programs, like Medicare or Medicaid.A public option was included in the version of the ACA that passed the House in 2009. But its proponents could not muster the 60 votes needed to pass that option in the Senate over GOP objections — even though the Democrats had 60 votes at the time.Biden’s public option, however, would be available to many more people than the 20 million or so who are now in the individual insurance market. According to the document put out by the campaign, this public option also would be available to those who don’t like or can’t afford their employer insurance, and to small businesses.Most controversial, though, is that the 2.5 million people currently ineligible for either Medicaid or private insurance subsidies because their states have chosen not to expand Medicaid would be automatically enrolled in Biden’s public option, at no cost to them or the states where they live. Also included automatically in the public option would be another 2 million people with low incomes who currently are eligible for ACA coverage subsidies – and who would also be eligible for expanded Medicaid.That part of Biden’s proposal has prompted charges that the 14 states that have so far chosen not to expand Medicaid would save money, compared with those that have already expanded the program, because expansion states have to pay 10% of the cost of that new population.Jennings, the Democratic health strategist, argues that extra charge to states that previously expanded Medicaid would be unavoidable under Biden’s plan, because people with low incomes in states that haven’t expanded Medicaid need coverage most. “If you’re not going to have everyone get a plan right away, you need to make sure those who are most vulnerable do,” Jennings says.AbortionThe Biden plan calls for eliminating the “Hyde Amendment,” an annual rider to the spending bill for the Department of Health and Human Services that forbids the use of federal funds to pay for most abortions. Biden recently ran into some difficulty when his position on the Hyde ammendment was unclear.Beyond that, Biden’s plan also directly calls for the federal government to fund some abortions. “[T]he public option will cover contraception and a woman’s constitutional right to choose,” his plan says.In 2010, the Affordable Care Act very nearly failed to become law after an intraparty fight between Democrats who supported and opposed federal funding for abortions. Abortion opponents wanted firm guarantees in permanent law that no federal funds would ever be used for abortion; abortion-rights supporters called that a deal breaker. Eventually a shaky compromise was reached.And while it is true that there are now far fewer Democrats in Congress who oppose abortion than there were in 2010, the idea of even a Democratic-controlled Congress voting for federal abortion funding seems far-fetched. The current Democratic-led House has declined even to include a repeal of the Hyde Amendment in this year’s HHS spending bill, because it could not get through the GOP-controlled Senate or get signed by President Trump.Undocumented immigrantsWhen Obama said in a speech to Congress in September 2009 that people not in the U.S. legally would be ineligible for federal help with their purchase of health insurance under the ACA, it prompted the infamous “You lie!” shout from Rep. Joe Wilson, R-S.C..Today, all the Democratic candidates say they would provide coverage to undocumented residents. There is no mention of them specifically in the plan posted on Biden’s website, although a Biden campaign official told Politico this week that people in the U.S. who are undocumented would be able to purchase plans on the health insurance exchanges, but would not qualify for subsidies.Still, in his speech unveiling the plan at an AARP-sponsored candidate forum in Iowa, Biden did not address this issue of immigrants’ health care. He said only that his plan would expand funding for community health centers, which serve patients regardless of their ability to pay or their immigration status, and that people in the U.S. without legal authority would be able to obtain coverage in emergencies. That is already law.Copyright 2019 Kaiser Health News. To see more, visit Kaiser Health News.last_img read more

Alex Rodriguez Said That This Is the Best Advice His Mentor Warren

first_img 2 min read Next Article Add to Queue Bob Bryan Warren Buffett Learn how to successfully navigate family business dynamics and build businesses that excel. Alex Rodriguez, the former Major League Baseball All-star, said he owes a few debts to legendary investor Warren Buffett in a new Vanity Fair profile.According to a new piece on Rodriguez and Jennifer Lopez, the former player and current baseball broadcaster not only owes Buffett a bit of a financial thank you, but also a thank you for some life advice.Rodriguez and the man known as the “Oracle of Omaha” first met, according to Vanity Fair, when Buffett’s Berkshire Hathaway underwrote disability insurance for a 10-year, $252 million contract between the Texas Rangers and Rodriguez.The men struck up a friendship after Rodriguez sent the legendary investor a note thanking him for underwriting the deal. According to Vanity Fair, Buffett has been a “mentor” for Rodriguez and offered him both financial and personal advice.Buffett told Vanity Fair’s Bethany McLean that Rodriguez has a “money mind” and knows how to handle business “instinctively.””A-Rod would have done very well in business if he had never seen a baseball,” Buffett said.Rodriguez said that Buffett gave him a few pieces of advice that have stuck with him. On the business side, A-Rod said that Buffett taught him to never personally guarantee any debt and to never hold too much cash, but rather put “your money in great businesses.”On the personal side, Rodriguez said that the investor’s advice was even more simple.”Warren said, ‘Go ahead, but you won’t need it. Number one: Be the best baseball player you can be. Number two: Always be a gentleman. Be the best guy you can be’,” Rodriguez told Vanity Fair. “That was simple, but it was so genius.”Read the full profile at Vanity Fair. Image credit: Kent Sievers | Shutterstock.com Alex Rodriguez Said That This Is the Best Advice His ‘Mentor’ Warren Buffett Ever Gave Him According to a recent interview, the former player and current baseball broadcaster owes Buffett a bit of a thank you. –shares This story originally appeared on Business Insider November 1, 2017 Reporter Free Webinar | July 31: Secrets to Running a Successful Family Business Warren Buffett Register Now »last_img read more

How 23andMe Caused a Divorce A Look at Unintended Consequences

first_img Opinions expressed by Entrepreneur contributors are their own. How 23andMe Caused a Divorce: A Look at Unintended Consequences Enroll Now for $5 Next Article 4 min read Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Carly Okyle Add to Queuecenter_img –shares Assistant Editor, Contributed Content Every company — startup, franchise, or conglomerate — has a mission. But while employees and executives do what they can to follow that objective and stay true to it, sometimes customers have different ideas.The latest example of that involves 23andMe, a company that provides materials for at-home genetic testing. It’s a fairly simple process: customers swab some cheek cells, mail them back and wait to hear the results. The service is intended to give people a more in-depth look at who they are and where they come from. Unfortunately, it can unintentionally expose the DNA of the skeletons in a person’s closet.Earlier this month, Vox published the story of an unnamed biologist who used 23andMe to provide an interesting teaching moment for his students. Thinking that his parents might enjoy learning more about what he does, the man bought kits for his parents and himself. After he checked a box saying he’d like to be notified of his closest genetic connections (of those who also took the 23andMe test and selected that option), he got word that he was a 22 percent genetic match with a man he’d never heard of. Statistically, sharing 25 percent of your genetic material with someone makes them your grandfather, your uncle or your half-sibling, so he asked his father about it. His father was sure the company had made a mistake.The facts were correct, however, proving that no mistake had been made. The biologist had a half-brother from his father’s pre-marital affair decades earlier. Unable to survive the shock of discovering an unknown lovechild, the scientist’s parents divorced and tensions remain high. “I’m really devastated at the outcome,” the man told the publication. “This is nothing I ever would have wished.”Related: This New Genetics Startup Wants to Make ‘100’ the New ‘60’This isn’t the first time 23andMe has caused trouble. Apparently, as was the case with Neil Schwartzman and Jolie Pearl, the service can also be used to find long-lost siblings given up for adoption. While the company used the story of the sibling reunion as a marketing campaign with a happy ending, Pearl admits that she feels conflicted about the unexpected rewrite of her family’s history. Moreover, the Food and Drug Administration has officially expressed written concern “about the public health consequences of inaccurate results,” although no study to date has reported “measurable harm” as a result of the direct-to-consumer genetic testing program.To be fair, 23andMe isn’t the only company to have its products or services used in a way other than its intended purpose. Facebook, for example, started as a way to keep in touch with friends (and maybe find out if the cute co-ed in your Psych 101 class was seeing anyone), but it has unintentionally helped create and promote the new phenomenon of FOMO — “fear of missing out.”Similarly, Airbnb, which was intended to make it easier for people to find places to stay, ended up almost making someone homeless. The peer-to-peer homeshare company was started in 2008 as a way to coordinate and transact rentals, gives vacationers a cheaper option than hotels for lodging. But what if the “vacationer” has no intention of leaving? What if an Airbnb user decides to make the homestay permanent, as happened to Corey Tschogl? When the renter wouldn’t leave her California condominium, Tschogl found out eviction would be harder than expected, now that the squatter had been there for over 30 days and had tenants’ rights according to state law. It turns out that “professional squatters” exist, and services like Airbnb help them to find unknowing targets. It’s not what the company intended, but it’s become something to be aware of.Related: The ‘FOMO Epidemic’ and Why It Matters to Millennial-Hungry BusinessesThen there’s Yelp, a website which allows people to rate and comment on their experience with businesses. Although it began as a way to allow business to get feedback from customers, it is  also being used by health authorities in New York City to track foodborne illnesses and find their epicenters, since many cases of food poisoning go unreported. Using Yelp helped successfully find three unreported outbreaks, which allowed officials to crack down on restaurants that violated proper practices of handling food, including improper refrigeration and unsanitary conditions. Chicago is implementing a similar investigation via Twitter.Perhaps when starting a business, it’s wise to remember the old adage of how the best laid plans can go awry.Related: Behind the Curtain of Yelp’s Powerful Reviews Fireside Chat | July 25: Three Surprising Ways to Build Your Brand September 22, 2014 Customerslast_img read more