Former football coach convicted of sex attacks against young players

first_imgA former football coach George Ormond, who assisted in setting up the youth side of Newcastle United’s youth has been found guilty and convicted of sexually abusing young players for almost 25 years.Ormond was found guilty of 35 charges of indecent assault and one of indecency but was only cleared of one charge relating to an older Newcastle United player, according to Sky Sports.Ormond was remanded in custody and will be sentenced later this week since hasn’t given any visible reaction for his actions.“For over two decades, George Ormond abused young men and boys while working in the youth football scene in the North East of England,” Gary Buckley from the CPS said.Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“To many of his victims he was a figure of authority, trust and influence.“Instead of nurturing and supporting them, he exploited his role to subject them to sexual abuse.”last_img read more

Brexit will force Jaguar Land Rover to idle its UK factories in

first_img 26 Photos Honda PilotDropping down to seventh place for 2019 is the Honda Pilot. Like its two-row Passport sibling, the three-row Pilot offers parent-focused technology like Cabin Talk as well as myriad standard driver-assistance features through the Honda Sensing tech suite. Honda’s largest crossover offers up nearly 84 cubic feet of cargo space. Honda’s 3.5-liter V6 engine shows up again, making a serviceable 280 horsepower and 262 pound-feet of torque. Touring and Elite trims get a nine-speed automatic transmission while lower trims have to make do with a six-speed auto. The Honda Pilot is made in Lincoln, Alabama. Comments GMC CanyonIf you’re looking for a slightly fancier version of the Colorado that’s more focused on luxe than dirt, check out the GMC Canyon. The top Denali trim gets standard heated and ventilated front seats as well as a heated steering wheel. Maximum payload capability is 1,665 pounds while max towing is a fairly healthy 7,600 pounds.The Canyon is available with the same 2.5-liter four-cylinder engine, 3.6-liter V6 or 2.8-liter diesel as the Chevrolet Colorado. It’s also built in Wentzville, Missouri. Comment 2020 BMW M340i review: A dash of M makes everything better 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 31 Photos 2019 Honda Ridgeline: The commuter’s pickup truck Share your voice Correction 2/5/19 8:04 A.M.: We removed a reference to Rolls-Royce possibly moving production after receiving clarification from the brand that the report we cited was inaccurate. 2019 Jeep Cherokee can handle the rough stuff Jaguar Land Rover Car Industry Luxury cars SUVs More From Roadshow 2019 Acura MDX adds new features and an A-Spec model 81 Photos Jeep CherokeeKeeping its top-of-the-list placement, the Jeep Cherokee is 2019’s most American-made car. Refreshed for 2019, the compact crossover now features more tech, better cargo space and a slightly tweaked look. It’s available in no fewer the nine trims, including the off-road specific Trailhawk and a fancy-pants Trailhawk Elite.For 2019, the Cherokee gets a new 2.0-liter, turbocharged, four-cylinder engine with 270 horsepower and 295 pound-feet of torque, though naturally aspirated I4 and V6 choices are also available. Regardless of engine, a nine-speed automatic transmission gets the power to the pavement — or dirt as the case may be. The Cherokee is made in Belvidere, Illinois. 2019 Honda Odyssey offers plenty of room and features for families 71 Photos Tags 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Tags 2019 GMC Sierra Denali review: So close to greatness 2019 Honda Passport: A well-rounded midsize offering 2019 Chevy Colorado ZR2 Bison: An off-road animal Honda PassportThe Honda Passport is a new (well, reborn) entry to both the Honda lineup and the American Made Index. This midsize crossover comes to the fray with great driving dynamics and plenty of tech like the standard Honda Sensing suite of active safety features. An available 8-inch touchscreen gets Apple CarPlay and Android Auto as well as a Wi-Fi hotspot.Under the hood is the stalwart 3.5-liter V6 producing 280 horsepower and 262 pound-feet of torque. However unlike the Ridgeline, the Passport sends that power through a nine-speed automatic transmission. Having said that, just like the Ridgeline, this is the only powertrain available. The Honda Passport is built in Lincoln, Alabama. 2019 Chevrolet Corvette Grand Sport loves to hustle 68 Photos Honda OdysseyThe feature-rich Honda Odyssey minivan also retains its number-two slot from last year’s list. While the 2019 model doesn’t see any changes from last, it’s still a darn good choice for families on the go with reconfigurable seats, Wi-Fi and an excellent rear-seat entertainment system. The Cabin Watch video system lets parents keep an eye on their little darlings without turning around in their seats, while Cabin Talk amplifies their voice so no yelling is required.The Odyssey is powered by a 3.5-liter V6 rated for 280 horsepower and 262 pound-feet of torque. Most trims get a nine-speed automatic but the top Touring and Elite trims now use a 10-speed automatic with stop-start technology. The Honda Odyssey is made in Lincoln, Alabama. More From Roadshow Chevrolet ColoradoMaking its debut in the top 10 is the Chevrolet Colorado. Shown here in the tough ZR2 Bison off-road spec, the Chevy Colorado is an excellent truck and one of the two midsize pickups you can get with a diesel engine. Adding to the ZR2’s two-inch lift and front and rear locking differentials, the Bison gets beefier skid plates (trust me, that’s a good thing), steel bumpers and integrated recovery points. Heck, you can even get a snorkel.Base models get a 2.5-liter four-cylinder engine with a six-speed manual transmission, but a more popular choice is the 3.6-liter V6 gas engine with 308 horsepower and 275 pound-feet of torque, mated to an eight-speed automatic transmission. Meanwhile, the 2.8-liter diesel pumps out 186 horsepower and a delicious 369 pound-feet of twist and is mated to a six-speed automatic. The Chevy Colorado is built in Wentzville, Missouri. 2019 Honda Pilot Elite: A smoother, tech-rich crossover SUV Car Industry Acura RDXThe third-generation Acura RDX squeaks into the top ten list with larger proportions, plenty of interior space and better handling than its predecessor. Forward collision warning with collision mitigation braking, adaptive cruise control that works even in low-speed traffic, lane-keeping steering assist and road departure mitigation are all standard across the board. Like its MDX counterpart, the RDX is available with the A-Spec styling package.The RDX sports a 2.0-liter, turbocharged, four-cylinder engine. Output is stated at 273 horsepower and 280 pound-feet of torque, and it’s mated to a 10-speed automatic transmission. The new RDX is built in East Liberty, Ohio. 2019 Honda Ridgeline review: Light duty, heavy punch 52 Photos Enlarge ImageThe work stoppage is planned to last just a week in April, but it could be an indicator of things to come. Andrew Hoyle/CNET Jaguar Land Rover, alongside the rest of the British auto industry, has been in borderline panic mode with Brexit looming, and now it’s looking like the iconic British marques will idle four factories for an additional week or more in April, according to a report published Sunday by Motor1.Jaguar Land Rover currently operates vehicle production facilities in Solihull, Castle Bromwich and Halewood and an engine assembly plant in Wolverhampton which it typically shuts down for a week in April. This year that stoppage will be extended by at least a week. Only its UK factories will be affected by the shutdown, but it’s still a significant bump in the road for the car maker.Other British automakers have resorted to drastic measures as well. Aston Martin has already enacted its No-Deal Brexit contingency plan while German-owned Bentley is reportedly considering moving production from the UK to continental Europe if things go totally pear-shaped. Lotus is newly flush with cash, courtesy of its primary investor Geely, but if we had the kind of financial history that it does, coupled with its low yearly sales, we’d be soiling ourselves at the moment.Jaguar Land Rover didn’t immediately respond to a request for comment. 1 49 Photos 12 Photos 2019 GMC Canyon: A fancier Colorado 10 Photos 2019 Acura RDX A-Spec: Sharp handling, sharper looks 2020 Land Rover Defender hides boxy good looks under heavy camo Acura MDXMoving up one slot to sixth place on the American Made Index is the non-hybrid variant of the Acura MDX. With its SH-AWD system, the MDX is one of the better handling midsize luxury crossovers, and for 2019 the company gives us the A-Spec treatment with a new front fascia and side skirts, 20-inch wheels, wider exhaust tips, unique gauges, a new steering wheel, carbon fiber trim and various Alcantara interior touches.However, both the standard and A-Spec models get a 3.5-liter V6 engine, rated for 290 horsepower and 267 pound-feet of torque going through a nine-speed automatic transmission. The Acura MDX is made in East Liberty, Ohio. Chevrolet CorvetteMoving up from the 10th-place slot last year is the 2019 Chevrolet Corvette. While we’ve all been ogling the new mid-engine Corvette, it’s easy to forget what a performance bargain the current-generation ‘Vette is. From the base trim to the Grand Sport to the bonkers ZR1, the Corvette is an American icon.My preference is for the Grand Sport, which strikes a perfect balance between everyday drivability and canyon-carving performance. The 6.2-liter V8 puts out 460 horsepower and 465 pound-feet of torque. You can get it with a seven-speed manual or eight-speed automatic transmission, but the kicker is the borrowed chassis and aero parts from the beefier Z06. Like I said, perfect balance. The Corvette is made in Bowling Green, Kentucky. Honda RidgelineAgain keeping the status quo, the Honda Ridgeline maintains third place on the American Made Index. This crossover-that-looks-like-a-truck provides a better ride than a traditional pickup and gets an awesome lockable trunk right in the floor of the bed. And it doesn’t do the truck stuff too badly, either, as it’s able to carry 1,860 pounds of payload and tow 3,500 pounds.The Ridgeline is powered by a 3.5-liter V6 good for 280 horsepower and 262 pound-feet of torque. That is channeled through a six-speed automatic transmission with available all-wheel drive. It’s built in Lincoln, Alabama. Land Rover Jaguar,Enlarge ImageIt’s all in a day’s work for the Jeep Cherokee, the most American-made car in 2019. Jeep With high trade tensions looming and increasing talk of tariffs, more and more consumers are looking to buy American. Cars.com has released its annual American Made Index, showcasing companies that use the most American-sourced parts and labor in their vehicles. The results may surprise you.Cars.com analyzed more than 100 US-built vehicles for five key data points: manufacturing location, parts sourcing, US employment, engine sourcing and transmission sourcing. You might think something like the Ford F-150 would top the list, but it drops from its No. 5 spot for 2018 and out of the top 10 completely. Even the first-place holder, the Jeep Cherokee, is a pretty global product. It’s a Jeep, sure, but that brand is part of Fiat Chrysler Automobiles, an Italian-owned business.Cars.com surveyed 1,000 people and found that half are concerned about automotive import tariffs, with 41% saying they are unsure if tariffs would make them more likely to buy American. Either way, we’re big fans of all the vehicles on this list. These days, buying American doesn’t necessarily mean sticking with a US-based automaker. 4 69 Photos 2019 Chevrolet Colorado ZR2 Bison: A tougher off-roader 18 Photos Share your voice General Motors Chevrolet Honda Jeep Acuralast_img read more

Single Match Volleyball Tickets Are Now On Sale

first_imgThe season will highlight one of the best Cardinal recruiting classes in recent memory. The 2019 UofL volleyball recruiting class was ranked No. 16 in the nation, the highest ranked class in the ACC and the highest ranking Cardinal class since 2006. To see the complete schedule, click here Print Friendly Version The ranking was announced by PrepVolleyball.com, where a panel of college coaches from across the country and representing all three NCAA women’s volleyball divisions determines the top list of classes. Story Links Tickets can also be purchased by phone at 502-GO-CARDS, or by visiting the Louisville Cardinals Ticket Office, located near Gate 2 at Cardinal Stadium (2800 South Floyd Street) on weekdays from 9 a.m., until 5 p.m., ET. Single match tickets will also be available for purchase on match days at the L&N Federal Credit Union Arena ticket windows starting one hour prior to match time. Single match tickets can be bought here The University of Louisville volleyball season is right around the corner and there is no shortage of elite competition coming to The Ville and single match tickets go on sale today, Friday, August 16 at 10 a.m.The Cardinals home slate includes 15 matches against teams that were nationally ranked in 2018, as well as 11 matches against teams that earned an NCAA Tournament berth last season. The Cardinals posted a 22-9 record in the 2018 season and made their 27th appearance in the NCAA Tournament. UofL is led by returning HM All-American Melanie McHenry as well as starters Emily Scott and Piper Roe, a member of the US Collegiate National Team. last_img read more

15 dead 10 injured in road accident in AP

first_imgAt least 15 people, including three children, were killed on Saturday and 21 injured when a mini truck carrying a marriage party collided with a bus near Kandukur town in Prakasam district of Andhra Pradesh.Police said a mini truck carrying a marriage party coming from Kandukur hit the bus coming from the opposite direction.Fifteen people have been killed in the mishap after the bus caught fire in the mishap, Inspector of Police (Kandukur) M Lakshman said. Also Read – Punjab on alert after release of excess water from Bhakra damThe mini truck was carrying 40 passengers while there were no passengers on board in the bus. Fire tenders were pressed into service to douse the flames.The officer said the injured are being shifted to Kandukur, Ongole and Nellore districts for treatment. Andhra Pradesh transport minister Sidda Raghava Rao also reached the spot and is supervising the rescue operations.District Collector Sujatha Sarma also visited the mishap site.The deceased were identified as — N Subhasini (31), P Prasad (30), R Subba Rao (50), E Chiranjeevi (45), S Chandu (10), S Adinarayana (10), Srilakha (8), M Padma (40), K Sushela (47), S Venkateswara Rao (40), S Rajamma (40), V Subbaiah (30), V Chinnaya, S Rajayya, and B Hazarataiah.last_img read more

PHOTOS Students LGBT activists join public workers in May Day demonstration

first_imgMay Day in Costa Rica this year brought together protesters from public workers unions and a wide variety of other groups, including high school and public universities students, sex workers, indigenous people, LGBT activists, feminists and socialists.The annual march started at about 10 a.m. in front of La Merced Park on San José’s Avenida 2. Another group of protesters joined the march a few blocks ahead. That bloc was formed by groups asking support for Cuba, Palestine, Venezuela and even a small group of self-identified anarchists who took the front of the march. The mostly scattered group covered some four blocks along Ave. 2.Public workers unions marched, as always, to commemorate International Workers’ Day, also known as May Day or Labor Day, but they focused their protests this year against bills under discussion at the Legislative Assembly that would broaden taxes, and curb public sector salaries and benefits.Along the march route and upon their arrival in front of the Assembly, protesters displayed banners and chanted slogans against the government, particularly President Luis Guillermo Solís and his cabinet members.Some signs bore harsh insults aimed at the president. One read: “No more Luis Gui, or any of his ministers! We will never again accept any of those bourgeois oppressors of the working class!”Wrath was also aimed at former presidents Óscar Arias and José María Figueres, both of whom are rumored to be interested in the 2018 presidential nomination from the National Liberation Party.No major incidentsThe May Day demonstrations ended peacefully around 1 p.m. In past years, groups have vandalized the Legislative Assembly buildings and clashed with cops.National Police officers formed a perimeter around the Assembly’s main building early on Sunday morning. Security measures also included closing traffic access to all surrounding streets.AgreementsAlbino Vargas, secretary general of the National Association of Public and Private Employees, the country’s largest union, demanded lawmakers meet protesters on the street and accept a list of demands. After several minutes, Henry Mora from ruling Citizen Action Party and Broad Front’s Gerardo Vargas agreed to meet with protesters and accepted the documents.Legislators had a long work day Sunday, negotiating for the election of a new directorate, which was sworn in Sunday evening. According to Vargas, Mora has pledged to propose an amendment to move the election of the Legislative Directorate to a different date “in order to leave May 1 only as a celebration date for workers.”See photos from the Labor Day demonstration: Related posts:Caja Executive President steps down at President Solís’ request Costa Rica President Solís advocates for migrants at UN General Assembly President Luis Guillermo Solís to meet with U.S. Vice President Michael Pence Hundreds of medical procedures, surgeries postponed by public workers’ strike L. Arias/The Tico Timescenter_img Facebook Commentslast_img read more

Helping agents kids and drunk Irish travelers

first_imgroomsXML connect today here www.roomsxml.com Helping agents, kids and drunk Irish travelersAs “Webjet” ads persist on TV, the fallout and feedback continues.I didn’t expect Chris Hill, from “dreary Belgium” to validate travel agents. Through a lengthy (enlightening, saddening and amazing) email it became obvious that Chris was a person whose work should be celebrated.Chris is helping us. Read a little about him. It’s an excerpt from an epic travel tale.How we “met” “I received ETB from a friend in South Africa. It’s easy to “scan”…. allows me to spot new hotel builds/takeovers/info faster than they “trickle down” from the “God Floors”. “In ETB I noticed your article “Webjet. Agents Can Do Better Than This.”What Chris had to say about Agents“Travel Agents ARE the human link with all your “In-One Place” travel arrangements. For 8 years I was doing RTW trip covering every continent 6 – 8 times a year – not including regional and national trips.“My Travel Agent saved me time and my company a lot of money. He also found it was cheaper to travel First Class on RTWs because we never paid excess baggage and the Frequent Flyer mileage produced a free trip every 5 trips. He even managed to book me on Concorde a few times with no extra cost“I had an accident in LAX and was hospitalised. The doctor estimated 5 days in hospital and 3 days rest. My Travel Agent re-booked all the flights and hotels .“Imagine if you had made all your air and hotel bookings direct on the Internet ?” Sounds like you are a busy man – how do you fit in health line? “I am now retired (I must be – my wife says I am – so now I have time….).“HelpLine was originally a charitable service offered by my Church in Pattaya where I helped foreigners who had fallen foul of the Law and were in jail.“At first we just provided fresh water (there was none) and friendship. The prisons were terrible. So I started Helpline because the numbers of children in jail (arrested with Mothers, some only a few days old) was heartbreaking. The Police don’t provide the disgusting accommodation with no fresh water , yet they receive all the blame which is unfair.“The churches and the Orphanages couldn’t help “Such people” so I decided to start a Children’s Shelter and did this with the pastor of my own Church.“The jail visiting service expanded to family contact. “Good morning Mr XYZ … sorry to call you at 03:00 but I have just met your son who has been arrested and is in Jail in Pattaya. Have a very quick hello with your son and then call me back on this number…. “Where there were health complications or documents lost the best source was the Travel Agent and many I had to pull out of bed in the ‘wee sma’ hours’. Some groaned, most didn’t and I was never refused.So help line is still running?“Bad health forced me to Europe. HelpLine faded away and was never replaced.“Some years ago we started a free school for slum kids inspired by the dedication of an Australian teacher.“For the first two years we funded literally from our own pocket. Then we started getting donations – usually small amounts. One of the prisoners made porn movies. … He was a rogue, but a very funny and positive person.“He offered to film the projects, visit the slums, see how they live and show the alternative provided by the Shelter. I refused with thanks and he said – “It’s because of what I do isn’t it?” Yes I told him – porn film making and Helpline simply do not mix well.“Along with other prisoners and bought me a Canon XH A1 camera, lights and a book on how to make a documentary and told me “Make a documentary on the slum kids and their solution.”I never heard from him again and that was close on 10 years ago.You must have some incredible storiesChris listed literally half a dozen great tales. But this one is my fave.“One Sunday morning I found a very bleary eyed young man from Ireland in the “Visiting Cell”. I checked the night log and he had been found on the street, drunk, and was in custody for his own protection.“His first comment to me was, “Are you the Manager here?” “This is not my hotel is it?”“I told him that he would be released as soon as he provided the Police with proof of identity and address.“He said his passport was in his room. I told him that one of our helpers would go to his hotel with a note from him and collect his passport.“He could not remember the name of his hotel, but did remember it was in Thailand.“I asked how he had paid for his ticket …. He did remember the Travel Agent’s name. I telephoned the Irish Police in the small town, they knew the Travel Agent and had an emergency contact number of the Manager .“Within half an hour the Agent was on the phone (It was just after 04:00 in Ireland) and told me the name of the hotel our prisoner was staying. The prisoner was released two hours later and rejoined his companions who had not missed him as they were drunk to the World. roomsXML.comlearn more hereSource = roomsXMLlast_img read more

Mason County officials join Rep VanderWall for Sept 11 ceremony

first_img06Sep Mason County officials join Rep. VanderWall for Sept. 11 ceremony Categories: News,VanderWall News State Rep. Curt VanderWall, of Ludington, is joined today by Mason County Sheriff Kim Cole (right) and Undersheriff Derrek Wilson, for the House of Representatives’ annual Sept. 11 ceremony. The observance memorializes Michigan first responders and members of the military who died in the line of duty during the past year.#####last_img

Chello Central Europe has won the rights to air Sp

first_imgChello Central Europe has won the rights to air Spanish La Liga football. The Liberty Global-owned channel provider will air matches from the Primera Division on its Sport1 and Sport2 channels in Hungary, the Czech Republic and Slovakia for the next three seasons.“This acquisition underlines our commitment to football fans in the region as we continue providing the most compelling content to our viewers. Chello Central Europe has been offering continuous coverage of Spanish league matches in Hungary since October 2000, and in the Czech Republic and Slovakia since October 2006. Our Sport1 and Sport2 viewers can now continue to look forward to the championship title battle plus the home matches for the next three seasons,” said Levente Málnay, CEO, Chello Central Europe.last_img read more

Brian Carr Overthetop video optimisation firm Co

first_imgBrian CarrOver-the-top video optimisation firm Conviva has appointed industry veteran Brian Carr as its fist chief revenue officer. Carr was previously chief revenue officer at Appcelerator, prior to which he was senior vice-president of worldwide field operations for Good Technology. He has also held executive roles at firms like Simplex Systems, Clarify and Synopsys.“Having a top notch go-to-market leader of Brian’s calibre on our team represents another key milestone in Conviva’s journey,” said Hui Zhang, CEO of Conviva.Conviva partners with media companies and premium OTT video broadcasters and operators like HBO, Sky, and Foxtel to deliver optimised viewing experiences that maximise customer engagement.last_img read more

Films produced in Europe made up 28 of films broa

first_imgFilms produced in Europe made up 28% of films broadcast by a sample of TV channels during the 2015-16 season, according to the European Audiovisual Observatory.The European 28% of films broadcast by a sample of 131 channels across 18 EU countries comprised 14% for films made in the territory of the channel and 14% of European non-national films, which the Observatory’s Films on TV: Origin, Age and Circulation report said indicated a significant circulation of European movies around different markets.In general, public broadcaster channels broadcast more European films than commercial counterparts. Taking a full day on public television, European films accounted for 44% of all films broadcast. This figure falls to 24% for the commercial TV channels in the sample.The number of European films aired in primetime fell to 23% across all channels, to 39% for public channels and 19% for commercial channels.Of the 15,504 film titles broadcast during the 2015-16 season, 47% were produced in Europe and 47% in the US with the rest of the world making up 6%.However, US films tended to be aired in more countries in the same year. The average US movie was broadcast in 3.1 countries, compared with 1.4 for European movies.Some countries had more success in exporting movies than others, with the majority of the broadcasts of films produced in Ireland, Belgium, Denmark, France, Germany and the United Kingdom happened outside the country of production.Of the 7 231 European films, 66% were accounted for by the top five production countries, and 87% by the top 10.last_img read more

Indias Viacom18 is due to launch its videoondem

first_imgIndia’s Viacom18 is due to launch its video-on-demand platform VOOT in the UK in November and is planning 18 original series for the service.Viacom18 Motion Pictures will produce multi-lingual, multi-genre, web series for VOOT under the Tipping Point Films banner.VOOT said it also plans to add news to the service’s content offering, starting with a partnership with India’s Network18.The UK launch will mark Viacom18’s first steps at taking VOOT international, with the company describing the UK market as a “significant reach opportunity”.“VOOT is integral to our strategy as we gear up for a future-ready Viacom18 that is screen, platform and pipe agnostic,” said Sudhanshu Vats, managing director of Viacom18.“We are building a digital-first brand to harness Viacom18’s strengths across its brands, creative franchises and businesses in multiple Indian languages.”Viacom18 Digital Ventures’ head of content, Monika Shergill, added: “At an execution level, we have been extremely lucky to be partnering with a galaxy of very talented and committed actors, writers and directors to bring forth our second bundle of VOOT Originals, starting with 18 multi-genre and multi-lingual series.”VOOT has a content library of more than 50,000 hours – including Viacom18 network content, VOOT Kids programming and VOOT Originals.The service currently operates as an ad-supported offering in India and claims to have more than 35 million monthly active users.last_img read more

Im just sitting here waiting for everything to ei

first_imgI’m just sitting here waiting for everything to either melt down or blow up…and it’s my opinion that a lot of other people are doing the same.Well, it wasn’t a very exciting day in the gold market on Wednesday, as the price basically flat-lined from the open in the Far East until 8:30 a.m. in New York. Then the gold price jumped thirteen dollars or so…and then more or less traded flat until noon Eastern time.Then gold got sold down, giving up all but two dollars of its earlier gain. It recovered a bit from there…and then traded sideways once the Comex closed at 1:30 p.m. Eastern time. Gold’s high tick of the New York trading session was $1,626.10 spot…and that came at 9:30 a.m. Eastern.Gold closed at $1,617.60 spot…up $7.80 on the day. Net volume…around 122,000 contracts…was more than decent, considering how quiet the day was up until the London open, as there were obviously no high-frequency traders lurking about in the Far East trading session on Wednesday.The silver price traded in a tight range on Wednesday and, once again, its many attempts to break through the $29 spot level all ended the same way…in failure. The New York high tick came shortly after 9:00 a.m. at $29.26 spot.Silver closed the New York electronic trading session at $28.86 spot…down 11 cents on the day. Net volume was around 26,000 contracts.The dollar index opened around the 82.40 mark…climbed to its 82.55 high of the day around lunch time in Hong Kong…and then it was pretty much down hill from there, except for a minor rally during the first half of the London trading session.The low of the day…81.94…came at 11:30 a.m. Eastern time…and from there it recovered a bit into the close, finishing the day around 82.13…down about 25 basis points from Tuesday. And I was quite surprised that the gold price didn’t respond when the dollar index fell 40 basis points in the two-hour period between 9:30 and 11:30 a.m. Eastern time.The gold stocks spent almost the entire day in the black…and the HUI was up a bit over a percent a few times during the trading day…but couldn’t hold those gains going into the close. The HUI finished up only 0.20%…which is better than the alternative.The silver stocks, which had done reasonably well earlier in Wednesday’s trading session, faded into the close as well…and Nick Laird’s Silver Sentiment Index finished down 0.59%. Most of that loss came as a result of the 3.00 percent drop in Compania Minas Buenaventura on no news that I could see.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 216 gold and 2 silver contracts were posted for delivery on Friday. Citigroup was the big short/issuer with 211 contracts…and the biggest long/stoppers with 114 contracts was JPMorgan in its client account…and the Bank of Nova Scotia with 90 contracts.There were no reported changes in either GLD or SLV.I note that the new short positions in GLD and SLV have been posted over at the shortsqueeze.com Internet site. It shows that SLV’s short position declined by 1.28%…and also shows that 14.01 million shares that are not backed by physical metal.The short position in GLD actually rose 7.82%…and indicates that 18.69 million GLD shares are not backed by the metal itself.To set things right, about 58 tonnes of gold, along with about 436 tonnes of silver would have to be deposited.The U.S. Mint had a sales report yesterday. They sold 2,500 ounces of gold eagles…1,500 one-ounce 24K gold buffaloes…and another 200,000 silver eagles. Month-to-date the mint has sold 18,500 ounces of gold eagles…3,500 one-ounce 24K gold buffaloes…and 1,121,500 silver eagles.It was a pretty quiet day at the Comex-approved depositories on Tuesday…at least it was in silver. They reported receiving 303,953 troy ounces…and shipped out a smallish 20,778 ounces of the stuff. The link to what little action there was, is here.Here’s the 30-Year Seasonal Silver chart courtesy of German gold analyst Dimitri Speck…who updated it just for us yesterday. You’ll note that the seasonal low for silver comes, on average, in the last few days of June. Let’s see if that turns out to be the case this time.I have the usual number of stories and, as always, the final edit is up to you.The are no markets anymore…only interventions. – Chris Powell, GATABoth gold and silver were kept on a short leash yesterday. Gold was only allowed a small gain…and silver’s continuing attempt to break the $29 price ‘barrier’ ran into the usual sellers.Gold closed just above its 50-day moving average, but any significant rally attempts were stopped cold. Even the 40 basis point drop in the dollar index during a two-hour time period in mid-morning in New York was not allowed to register…and was probably one of the reasons why volume was as high as it was despite the lack of price activity to justify it, as JPMorgan et al were most likely aggressively going short against all comers.Ted Butler’s mid-week commentary yesterday was an eye-opener…and I’m hoping that he’ll post it in the public domain at his earliest possible convenience, as it appeared to be written with just such an event in mind.Not much happened in the Far East during their morning trading session, but around 1:00 p.m. Hong Kong time, both silver and gold had tiny rallies…and both got sold down going into the London open. Volume in both metals is light once again..and very similar to the volumes I spoke of this time yesterday, so I wouldn’t read a whole heck of a lot into the price activity associated with it. The dollar index isn’t do much of anything, either.As I hit the ‘send’ button at 5:10 a.m. Eastern time, both gold and silver are basically unchanged from Wednesday’s close…and silver’s continued attempts to break above the $29 spot price mark are all being met with determined selling.There’s not much else to say in this column. I’m just sitting here waiting for everything to either melt down or blow up…and it’s my opinion that a lot of other people are doing the same. It’s only the time line…and the dénouement that are unknown.Nigel Farage was right. You couldn’t make this stuff up.See you on Friday. Sponsor Advertisement North American Nickel’s latest news from our 100% owned Post Creek property in the Sudbury mining camp is what geologists always hope for….a large, clearly defined, un-tested target close to surface in a known camp with excellent infrastructure advantages for mining. Drilling is scheduled to begin in September. In this case it’s an EM anomaly 200 m long, that has been interpreted as the electromagnetic signature of ‘near-massive to massive sulphide.’ It’s located approximately 55 m below surface and the trend of the anomaly corresponds, in part, to both the CJ#1 dyke and the Whistle Offset Structure to the south. Please visit our website to read the full news release and learn more about North American Nickel.last_img read more

In This Issue   ADP jobs report disappoints

first_imgIn This Issue. * ADP jobs report disappoints. * What will the BLS do today? * U.S. 10-year Treasury hits 2.97%… * China moves into TOP 10! And, Now, Today’s Pfennig For Your Thoughts! A Jobs Jamboree Friday! Good day. And a Happy Friday to one and all! For those of you who read the Pfennig at the Pfennig Blog site you get to be greeted each Friday with my mug shot. For those that don’t go to the blog site to read it, just image an Adonis looking young man.. HAHAHAHAHAHAHA! Yeah, right, that’s the ticket! I’ve just cracked myself up and I’m having difficulty calming back down! Well, today is a Jobs Jamboree Friday. The last Jobs report before the Fed meets in less than two weeks. So, needless to say, but I will anyway, this Jobs report is HUGE according to the markets. Personally, I look at the Jobs Jamboree as a useless piece of. you know what. The only real stuff in the report is the Avg. Hourly Earnings and Avg Weekly Hours data. I told you yesterday that the ADP report makes more sense to me, and eventually, the markets will hold my point of view too, for they too will have grown tired of being lied to by the BLS. Speaking of the ADP report. It printed yesterday, and was not as strong as the forecasters had pegged it, coming in at +176,000 jobs created in August, VS the consensus of 184,000. So, the report was disappointing for August, but that’s not all. June and July’s numbers were revised downward. Not by huge amounts, but psychologically 198,000 just doesn’t have the same bell ringing sound as 200,000. So, what does the ADP Jobs report tell us? Well, it tells me, and hopefully you see it as well, that job creation continues to go along at a much slower pace than any before during an economic recovery. But what will the BLS say job creation was in August? The consensus going into the report this morning is for 180,000 jobs to have been created in August. That’s pretty much in line with the ADP report figure of 176,000.. The Unemployment Rate should remain steady Eddie at 7.4%.. What will the markets think of this report and the numbers? I wish I could tell you. But it will take some knucklehead with an ounce of brains to make some comment that the markets pick up on and the next thing you know, it’s the trading idea of the day. For my two cents, I would think that the BLS will not settle for 180,000, and goose the number upward toward 190,000, which on the face value will tickle the markets to thinking this is a good report. And then they’ll be torn between two lovers. feeling like a fool, Loving both of you is breaking all of the rules. You see, the markets will get all lathered up thinking about a strong jobs number, but then realize that the strong jobs number gives the Fed Heads another arrow in their Quantitative Easing tapering quiver. Now, they want to go one way, but realize what’s ahead. Being torn between two lovers for the markets is tough.. Couldn’t really blame you if you turned and walked away. But with everything I feel inside, I’m asking you to stay. Silly song! Well, the G-20 meeting in St. Petersburg, Russia, began yesterday, and so far not much has come from the meeting. In Australia, the folks there go to the polls tomorrow, and from all that I read, and hear, it sounds like a new Gov’t is very likely, with the only question being the size of the new majority. I would think that unless there’s a spanner thrown in the works, that this would all be Aussie dollar (A$) positive. The euro is struggling to hold on to the 1.31 handle this morning, losing almost a full cent yesterday when it looked like the single unit was going to hold 1.32 easily. But NOOOOOOO! There’s a story on the Bloomberg this morning that talks about how the euro is gaining favor as investors’ perceptions of turmoil in financial markets rises. Hedge Funds and other large speculators are the most bullish on the euro since 2011 and for the first time since November 2008, the 90-day correlation between changes in the euro and a Citigroup Inc. index of bond and swaps risk has turned positive. These things are all positive for the euro. And it plays well with my telling you over and over again that this dance is gonna be a drag. No wait! That’s not what I’m trying to say! I’m trying to say that I’ve said over and over again, how the euro might be beaten and beleaguered right now, but it’s still around 1.30 VS the dollar. What does that tell you what the markets think of the dollar? In addition, another thing I keep telling you is that at least the Eurozone is attempting to do something about their parade down deficit street, that took place for about 10 years. The Eurozone leaders might find out that what they’re attempting won’t work, and then go back to the drawing board, but at LEAST THEY’RE TRYING TO DEAL WITH THEIR DEBT! The currencies are drifting this morning, as no one wants to make a decisive call either way on the Jobs Jamboree. There was no chest pounding by European Central Bank (ECB) President, Draghi, yesterday, and kept things grounded by saying that, “the risks for the euro-area growth remain on the downside.” These words are what got the euro on the slippery slope yesterday. Draghi proving once again that you’re damned if you do, and damned if you don’t.. I always like to find stories about Singapore.. They are as not as common to find like stories on the U.S. or Eurozone, or even Japan. I was writing my commentary that goes with every currency for our website research pages, and the legal people questioned where I had gotten the claim that I made that Singapore has announced plans to double the capacity of their airport, build a new waterfront, and other things that will all be good for the economy. They thought I made that up! It took me 20 seconds to find the story on the internet. See what I have to go through to inform people of things? Well. in case you’re reading today my legal beagle friends in Jacksonville, this was in the Bloomberg today Sept 6, 2013. “Singapore Overtakes Japan As Asia’s To Foreign Exchange Hub”. So, now you know why China thinks so highly of Singapore that they announced that Singapore would be the next offshore depository for their currency. (Hong Kong, of course was 1st). Speaking of China. I was interviewed by a Wall Street Journal (WSJ) reporter yesterday about China, and the story that came out yesterday about how the Chinese renminbi / yuan had entered the TOP 10 most-actively traded currencies. The interviewer wasn’t much interested in what I had to say, about what we were seeing on our desk renminbi trading wise. But, it is what it is, right? I told her that we had actually been seeing more people sell their renminbi positions than buy trades. I said that renminbi held here in the U.S. can’t pay any interest, because the cost of holding it eats away the interest, and as long as interest rates here in the U.S. were near zero, holders of renminbi didn’t care if the currency paid no interest. But rates here in the U.S. are inching up. I also told her that for the core people that owned renminbi, did so as a diversification tool, and therefore would continue to hold it. But I guess all that wasn’t sexy enough. But, the real story is how the renminbi / yuan is now #9 in the TOP 10 most actively traded currencies. 10 years ago, when we first offered renminbi deposits, there weren’t but a handful of dealers that even would mess with renminbi. But I think that the trading of renminbi goes hand in hand with the Chinese Gov’t’s plans to gain a wider distribution of the currency. I’ve been at the forefront of talking about China’s plans for their currency, and it’s pretty cool to see this stuff all beginning to take place. The swap news I told you about yesterday that was the first volley by new Reserve Bank of India (RBI) Gov. Rajan, was really positive for the rupee, which has now rallied for 3 consecutive days. But don’t think for one minute that the rupee is out of the woods here folks. The Current Account Deficit is still too high (4.8% of GDP), inflation is too high, and it will take some real structural changes to really stabilize the rupee. But they will come, I do believe. Canada will also print a jobs report today for August. Canada has seen some real strong flip-flopping on job creation in recent months, but one would think that with the hiring of workers to help with the cleanup of the Alberta floods, that August would have been a strong month of job creation. That should be Canadian dollar / loonie positive today. Gold got whacked again yesterday, with another $25 coming off its value at one point in the day. What? The price manipulators must be back from vacation. There were gone for August, and the shiny metal recovered nicely. Of course the U.S. Treasury yield hitting 2.97% isn’t helping Gold any. But again, who would buy a Treasury at the current yield when it appears that yields will continue to rise, thus putting your purchase at a loss? I don’t get it. never will.. Before I head to the Big Finish. I saw a comment by Jay Leno that just cracked me up, and plays well with my harping about printing dollars (yes, I know we don’t really print much any longer it’s all keystrokes on a computer, but that doesn’t play well with this joke. ) About $30 Million in $100 bills had to be destroyed because of a printing problem. Isn’t that unbelievable? The thing we know how to do right in this country is print money, and we screw that up? – Jay Leno. For What It’s Worth. I found this on moneynews.com and is a head scratcher, given the job creation that has been reported the past couple of months. But it is what it is. so here you go. “The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed. Employers announced 50,462 layoffs last month, up 33.8 percent from 37,701 in July, according to the report from consultants Challenger, Gray & Christmas, Inc. The August job cuts were up 57 percent from the same time a year ago. For 2013 so far, employers have announced 347,095 job losses, close to the 352,185 that were seen in the first eight months of last year.” Chuck again. OK, so where does the BLS record all this? Or do they even care? It’s probably the latter, folks. sad but true.. To recap. The currencies are drifting this morning, as no one wants to make a decisive move ahead of the Jobs Jamboree that will print today. The ADP jobs report was a bit disappointing along with its last two months worth of downward revisions. The markets are torn between two lovers. China moves into TOP 10 of most actively traded currencies! Currencies today 9/6/13. American Style: A$ .9170, kiwi .7950, C$ .9575, euro 1.3120, sterling 1.5590, Swiss $1.06, . European Style: rand 10.1735, krone 6.1025, SEK 6.6550, forint 229.30, zloty 3.2745, koruna 19.6310, RUB 33.42, yen 99.70, sing 1.2785, HKD 7.7555, INR 65.23, China 6.1728, pesos 13.33, BRL 2.3235, Dollar Index 82.53, Oil $108.65, 10-year 2.97%, Silver $23.26, Platinum $1,483.30, Palladium $691.43, and Gold. $1,370.84. and it’s Friday, so here’s the link for you to take a peek at the U.S. Debt Clock, click here. That’s it for today. Cardinals come limping home from a disastrous road trip. There’s still time left in the season, if they can find their lost mojo at home. A GREAT BIG CONGRATULATIONS to my son, Alex, who was not only named to the Academic All-American Water Polo Team, but he was named an OUTSTANDING Academic All-American recipient! WOW! Quite an honor! I always knew he was smart, much smarter than me, but this kind of puts it in focus for me. I guess all that staying up late at night and studying is paying off for him! Now, if he can get a college to pay for most of his college education, that would be great! The NFL season got off to an exciting start last night with Peyton Manning throwing 7 touchdown passes in the game! WOW! I wish I had picked him as my quarterback for my fantasy football team now! HA! Well, it’s a Fantastico Friday, and not a day too soon, given all the bull dookie I’ve had to deal with this week. So, let’s go out and have some fun this weekend, and start it off with a Fantastico Friday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

It sounds like the ultimate white savior movieOsc

first_imgIt sounds like the ultimate white savior movie.Oscar-winning actress Brie Larson plays a young scientist who has created a new fast-growing super-rice. She comes to India to convince villagers to switch to this grain. There’s Bollywood-style singing, dancing — and in one scene she even rides a white horse!Called Basmati Blues, the Hollywood film was made in 2013, before Larson was a star. But it’s just now coming out. When the trailer was released in November, with scenes of Larson dressed in elaborate Indian costumes and recoiling from spicy food, Indians around the world took offense, calling out its stereotypes and cliches.The movie is finally being released in the U.S. on Friday, playing in select cinemas and available via video on demand. Critics have not been kind. The L.A. Times called it “a big miss,” while the Village Voice wondered how it “this thing got financed and finished.”In the film, Larson’s character, Dr. Linda Watt, is sent to the southern state of Kerala in India. Gurgon, her greedy corporate boss, played the actor Donald Sutherland, wants her to convince local farmers to switch to the new rice: “India: 500 million farmers, 1.1 billion rice eaters, all of them … potential customers,” Gurgon declares with glee.The problem is that the rice she’s recommending could financially destroy the very people she means to help. The rice is sterile. If farmers grew it, they’d need to spend a lot of money to buy new seeds every year.Along the way, she falls in love with a farmer, who actually trained as a scientist but had to drop out of university. Rajit, as he’s called, is played by American-born actor Utkarsh Ambudkar, who’s appeared in the movies Pitch Perfect and on TV shows like The Mindy Project.The controversy around the film started in November, after the international trailer was released. That’s where the white horse made its appearance, which Linda rides while trying to halt a train loaded with the super-rice.”It plays to stereotypes of an exotic but backward people just waiting for a white person to swoop in and save them,” says Bengaluru-based cartoonist, Manoj Vijayan, in an interview with NPR.That sentiment was shared by people across Twitter.Following the backlash, director Dan Baron and his wife, Monique Caulfield, who produced the film, issued an apology and withdrew the trailer. In a statement to the blog Refinery29 in November, they said: “We deeply regret any offense caused by the Basmati Blues trailer. We have heard a number of voices that have understandably reacted to a trailer that is not representative of the film as a whole.”In January, a new trailer was introduced to the Basmati Blues website, with the white horse scene deleted.The criticism on Twitter however, raged on.The film’s white savior message isn’t the only issue that rankles. “The script seems to have gone overboard with its lazy cliches, the lame jokes and the stereotyping,” says Vijayan. “It’s a sadly missed opportunity to tell a story with some nuance and ends up pandering to tired old preconceptions.”In the scene where Larson first meets Rajit, he greets her while hanging upside down from the roof of a train while she’s seated at the window, as though hanging like possums on trains was perfectly normal in India.In an interview with NPR, Jaya Padmanabhan, an immigration columnist for The San Francisco Examiner, shared some advice for the filmmakers: “Someone should tell Baron and Jeff Dorchen [who wrote the screenplay] to visit India without a camera obstructing their worldview.”Kamala Thiagarajan is a freelance journalist based in Madurai, South India. Her work has appeared in The International New York Times, BBC Travel and Forbes India. You can follow her @kamal_t Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

Amazons Whole Foods Deal Will Remake Strip Malls

first_imgAmazon Add to Queue What happens to small businesses if grocery stores shut down? Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals –shares The implications of Amazon’s $13.7-billion Whole Foods Market purchase will go significantly beyond the world of grocery stores, potentially reshaping retail districts in downtowns and suburban shopping areas across America.Not long ago, the typical American strip mall had a video store, music store and a supermarket. However, Napster and iTunes slayed the neighborhood music store, Blockbuster’s 9,000 video stores were killed by Netflix, and now the local grocery store will get a makeover. It’s a change that will reimagine how we shop and create commercial real estate investment opportunities.Amazon’s purchase of Whole Foods dramatically changes the $674-billion U.S. grocery market. On the day the deal was announced, competitors across the board — from Walmart and Costco to Kroger and Sprouts Farmers Market — lost a combined $22 billion of market value. That loss came because investors expect Amazon to utterly transform the grocery business.Related: The Winners and Losers in Amazon’s Whole Foods DealWhat’s so scary about Amazon? It makes every business it competes with efficient, squeezing waste out of the supply chain and compressing margins for the entire industry. Now, Whole Foods’ 450 stores in 42 states will form the start of a nationwide distribution center for groceries that will build upon the Amazon Fresh grocery delivery unit, founded in 2007.All Whole Foods’ stores won’t close, but they will change. Yes, customers will always want a neighborhood store for the touch, smell and feel of certain things — to pick up steaks for a dinner party, for fresh pastries and crisp lettuce. However, Amazon won’t stock high-priced downtown real estate with excessive amounts of paper towels and floor cleaning products, or even dry goods such as pasta or canned beans. The mass of these items will instead be stored and distributed from regional warehouse facilities, perhaps automatically shipped directly to customers using predictive models. As a result, the average size of a typical Whole Foods store most likely will shrink, as will the average grocery store across America.Some supermarkets will stay the same, for people who don’t like shopping online or prefer a trip to the store. Most competitors, however, will adapt to the Amazon model, shrinking their footprint and bolstering online capabilities to become more efficient and automated. Large grocers must now change their business model or go the way of the dinosaur.Related: 8 Interesting Tidbits From Whole Foods’ Town Hall Following the Amazon AcquisitionThis will create significant disruption in commercial real estate as countless supermarkets go out of business, others remodel to occupy a smaller footprint, and some move to new premises. We saw similar disruption after the 2008 financial crisis when thousands of car dealers across America went bankrupt as credit dried up and countless supermarkets closed as property prices crashed. A repeat of that dynamic in the grocery sector will be a significant opportunity for investors in distressed assets. At Northstar Commercial Partners, for example, after the crisis we bought five vacated Albertsons stores in Colorado for less than 10 percent of their replacement value. Each of these were repositioned into alternative uses at attractive prices.Investing in such properties, when they become available, requires a creative approach to what could work in the space, whether it’s a single business or remodeling the space to create a series of smaller units. In the case of those Albertsons stores, for example, one is now occupied by an antique dealer, another by a college that wanted a neighborhood presence.In the coming years, spaces now occupied by supermarkets will become children’s play centers, business incubators, leisure centers and even charter schools. Real estate developers and investors attuned to what will appeal to the local officials charged with revitalizing retail districts will find powerful investment opportunities. The properties vacated by the coming grocery transformation will be sold by real estate investment trusts that are overexposed to assets with declining cash flows, companies selling property to invest in operations, as well as by banks that will foreclose on unprofitable businesses.Related: With Whole Foods Purchase, Amazon Just Bought a Playground for Big DataGrocery stores that shut down will dry up foot traffic that helped nearby nail salons to coffee shops stay profitable, further adding to the real estate disruption. The good news is that as countless big box grocery stores close, we should see a rise in the prevalence of specialty stores such as Tony’s Meats & Market in Denver, Wegmans on the East Coast, and Trader Joe’s nationwide. Chains like these (and other newcomers) will expand and can help anchor and revive many developments.For real estate investors, this evolution will create lots of opportunity as developers and town planners rethink the best use for retail square footage. Investors that buy distressed assets will find plenty of properties coming on the market at 50 percent of their replacement value all the way down to pennies on the dollar.Investors in REITs, funds and other investment vehicles should take a close look at the underlying assets in those portfolios. Some may be overexposed to big box grocery stores and those that have not insulated against this coming risk should be re-evaluated. Conversely, investment groups that have cash on hand and a strategy to take advantage of the coming wave of distressed assets may offer a better investment alternative. Register Now » Brian Watson Chairman and CEO at Northstar Commercial Partners 5 min read Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Opinions expressed by Entrepreneur contributors are their own. June 27, 2017 Guest Writer Next Article Image credit: NoDerog | Getty Images Amazon’s Whole Foods Deal Will Remake Strip Mallslast_img read more

Amateur Investors are Bullish About Cannabis That Has the Pros a Little

first_img –shares Peter Page Investing Retail stock investors are bullish — perhaps to a fault — about the prospects of publicly traded cannabis companies, according to a recent survey of 250 people who currently own marijuana related stocks.The survey, conducted in March by KCSA Strategic Communications, found that 90 percent of the investors reported their portfolios had appreciated, which might explain why 50 percent said they had sold non-cannabis stocks to buy cannabis stocks. “This is a fundamental shift taking place in society, right before our eyes, it’s exciting, it’s once in a lifetime, it’s lucrative and they want in on it,” said Lewis Goldberg, managing partner at KCSA and host of The Green Rush podcast.Related: Pay Attention to These 6 Cannabis Industry TrendsThe enthusiasm for cannabis has investors wisely spreading their money around — 52 percent said they own six or more cannabis stocks while 40 percent own 10 or more — but is also leading them to perhaps concentrate excessively on the sector, if not just one company in the sector. “Retail cannabis investors are significantly overweighting cannabis, which comprises more than a quarter of their overall portfolio, according to 40 percent of respondents,” KCSA noted in a report of the survey findings.Eighty percent of the investors surveyed said they plan to hold onto their cannabis investments for between one and ten years. “They understand the real value will be unlocked in years, not days or weeks,” Goldberg said.Related: How Risk Management Can Make Marijuana Businesses Bulletproof (or at Least Bullet Resistant)The survey found that individual investors show no concern that cannabis remains illegal under federal law. They believe the end of prohibition is inevitable and don’t believe the federal government will switch policy to crash the state-legal cannabis industry, which employs hundreds of thousands of people and has already attracted many billions in investments.“I think most Americans believe full federal legalization is a question of when, not if,” Goldberg said. “People are consuming (cannabis) and investing in it because they believe in it.’’Professional investors specializing in cannabis are less than thrilled by the enthusiasm of amateurs rushing to get in on what they think is the ground floor of the cannabis boom.Related: How the Green Rush Is Accelerating the Revolution In Smart Farming Technologies“Our biggest fear is people get sucked into the mania, they lose money and then think the industry is a joke when we know it’s real,” said Morgan Paxhia, who co-founded Poseidon Asset Management with his sister Emily Paxhia. “The general trend is this (industry) is very fast growing and there are very few other industries on the planet that have this sort of growth potential but it’s not a straight road. There are events that are impactful and you can’t just assume they will always keep going up.”Paxhia noted there are more than 300 publicly traded companies that can be broadly lumped into “cannabis.” They vary so much by sector — ancillary businesses like payment processors, manufacturers of needed equipment like grow lights, growers, medical marijuana and adult use, multi-state operators that might be retail dispensaries or vertically integrated companies, CBD and hemp, etc — and by the capabilities of their management team that stock selection is probably trickier in cannabis than in more established industries.Sean Stiefel, founder and managing partner of Navy Capital, warned that knowing a company is a “cannabis company” is not much to go on. The variables to consider are many. Publicly traded Canadian companies are “crazy” expensive, he said, while publicly traded US companies are more reasonably priced at around 20X EBITDA (“earnings before interest, taxes, depreciation and amortization,” a standard metric for evaluating company performance), though even the US stocks are relatively expensive because there are limited choices on US exchanges.Stiefel doesn’t think much of buy-and-hold as an investment strategy simply because the investor is hopeful they have bought shares in the cannabis equivalent of Apple or Google at the dawn of the tech boom. “I think holding anything for 10 years blindly is silly,” he said. “Have you owned anything for 10 years other than your house?” 4 min read Add to Queue Senior Editor for Green Entrepreneur The cannabis industry is certain to grow. That company you own shares in is not. Entrepreneur Staffcenter_img Image credit: 400tmax | Getty Images Download Our Free Android App May 6, 2019 Amateur Investors are Bullish About Cannabis. That Has the Pros a Little Worried. Free Green Entrepreneur App Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. Next Article last_img read more

New microchip antibiotic testing platform determines right medication in just 67 hours

first_imgReviewed by James Ives, M.Psych. (Editor)Feb 6 2019We rely on antibiotics to treat bacterial infections, but the rise of antibiotic-resistant bacteria forces doctors and patients to contend with shifting treatment plans. Furthermore, current laboratory tests to determine what bacteria is causing a particular infection takes days to complete and, in cases of serious infection, the results are often too late for the patient.Mechanical engineers from the Korea Advanced Institute of Science and Technology recently developed a microchip antibiotic testing platform that takes only six to seven hours to determine the appropriate medication.”Trying to figure what drug to use at what dosage, in the fastest time possible, is key in successfully treating bacterial infections,” said Jessie Jeon, an author on the paper.Related StoriesStudy: Surveillance for antibiotic-resistant bacteria continues to be core focus for healthcare facilitiesStructure of bacteria responsible for traveler’s diarrhea decipheredNew methods to recognize antimicrobial resistant bacteria and how they workClinicians often treat life-threatening infections with a cocktail of antibiotics, hoping that one of the antibiotics will stop the bacterial infection. However, blanket-prescribing antibiotics contributes to the rise in bacterial resistance.”Figuring out the effect of different combinations of drugs in a simple manner is likely to have a big impact on health,” said Jeon. She explained that her team’s speedy microfluidic system was the first for which combinatorial treatments had been tested.The speed and success of the Korean team’s new antibiotic susceptibility testing system is due to two key innovative design features.The first feature was developing an antibiotic dosage range, crucial for calculating the minimum inhibitory dosage that prevents bacterial growth. By continually pumping antibiotics through the half-millimeter-wide channels in the microchip, the team establishes a dosage range through microchip within 30 minutes. A critical time saver, the dosage range enabled the team to determine the minimum inhibitory dosage within a single test.The second feature was using a convenient method to quantify bacterial growth within the microchip. Images were taken of the agar-encased bacteria and the difference in color between areas of agar at a higher antibiotic concentration, where no bacteria grew (which were dark), and the more reflective white regions, where bacterial colonies grew more easily, was quantified on a position-specific grayscale.Alignment of the five antibiotics tested in this new system with the clinical gold standard measurements suggests that the microchip system is sensitive enough for clinical application, Jeon added.”We can see that our assembly works pretty robustly with a single drug, and have also shown it can work with two drugs; now we want to further optimize the application to combinatorial drugs,” said Jeon. Source:https://www.aip.org/last_img read more

Calling for better police body cam design

Challenges reported by both police and the public surrounding usability issues with the vast array of body cams and recording functionality prompted a study by human factors/ergonomics (HF/E) researchers from Wichita State University. In their just-published Ergonomics in Design article, “Design Considerations in the Proliferation of Police Body-Worn Cameras,” Joel Suss and colleagues identify limitations and provide some guidelines for designers. Citation: Calling for better police body cam design (2018, April 12) retrieved 18 July 2019 from https://phys.org/news/2018-04-police-body-cam.html “Usability issues have received relatively little attention” from the media, the public, or researchers, the authors report. In the article, they summarize some of the issues with existing cameras, including positioning on the body, stability of mounts, camera visibility and activation, data transfer, and interpretability of footage. Body cam usability, they feel, is ripe for examination by other HF/E researchers and particularly by designers, which could lead to better systems.Working with the Wichita (Kansas) Police Department, Suss et al. equipped officers of various heights, weights, and body types with cameras mounted in different locations on the body to determine which locations were the most effective. The officers performed 35 different live-fire drills while wearing the cameras. Initial analysis showed that cameras mounted on the head (glasses, baseball cap) offered the most complete view of the target compared with cameras worn on the torso (e.g., shoulders, chest).In addition, the authors believe their video data “can serve as training stimuli for artificial intelligence systems that are being developed to automatically analyze, categorize, and redact body-worn camera footage.”Suss notes, “By understanding the advantages and disadvantages of different camera-mounting locations, law enforcement agencies can provide guidance to officers that will help maximize the quality of body-worn camera footage. Not only will this benefit the public and the criminal justice system, but such footage can also serve as the basis for developing cognitive training designed to enhance officers’ safety and decision-making performance under stress.” Body cameras, now gun cameras? Some police trying them out More information: Joel Suss et al, Design Considerations in the Proliferation of Police Body-Worn Cameras, Ergonomics in Design: The Quarterly of Human Factors Applications (2018). DOI: 10.1177/1064804618757686 Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Provided by Human Factors and Ergonomics Society read more

UK MPs pressure Zuckerberg to testify on Facebook data breach

British MPs threatened Tuesday to issue a formal summons to Facebook chief Mark Zuckerberg for him to testify over a major privacy row, after he declined to appear. Facebook chief Mark Zuckerberg was grilled by the US Congress last month but sent one of his executives to answer questions posed by the House of Commons culture and media committee Zuckerberg was grilled by the US Congress last month but sent one of his executives to answer questions posed by the House of Commons culture and media committee.MPs are investigating the use of Facebook data by a British political consultancy, Cambridge Analytica, as well as the phenomenon of “fake news” and Russia’s involvement in spreading misinformation online.In a letter to Facebook, committee chairman Damian Collins cited unconfirmed reports that Zuckerberg would testify to the European Parliament in May and asked him to come to London during the same trip.”We would like the session here to take place by 24 May,” he wrote.”It is worth noting that, while Mr Zuckerberg does not normally come under the jurisdiction of the UK parliament, he will do so the next time he enters the country.”We hope that he will respond positively to our request, but if not the committee will resolve to issue a formal summons for him to appear when he is next in the UK.”Ignoring a formal summons could invite action by the House of Commons, although in the past, the threat has usually been enough to make a witness appear.Facebook has admitted that up to 87 million users may have had their data hijacked by Cambridge Analytica, which worked for US President Donald Trump during his 2016 campaign.Collins noted that there are more than 40 million Facebook users in Britain “and they deserve to hear accurate answers” from Zuckerberg.A spokesman for the European Parliament said last week that an invitation had been sent to Zuckerberg to appear before MEPs “but we still wait for an answer… nothing has been decided yet”. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. UK MPs ask Facebook’s Zuckerberg to testify on data row Citation: UK MPs pressure Zuckerberg to testify on Facebook data breach (2018, May 1) retrieved 18 July 2019 from https://phys.org/news/2018-05-uk-mps-pressure-zuckerberg-testify.html Explore further © 2018 AFP read more

Cook awaiting flight to Spore dies at departure hall

first_img Death , Airport MIRI (Bernama): A cook waiting for his flight to Singapore died at the departure hall of the Miri Airport on Thursday (July 11).Miri district police chief ACP Lim Meng Seah said an immigration officer found Niek Pick Huat, 38, from Desa Murni, Bandar Baru Permyjaya, Miri, unconscious on a massage chair at the departure hall of the airport at about noon.Following this, he said, a medical team from the Miri Airport and Miri Hospital arrived to provide first aid.”The victim was pronounced dead at 1.05 pm,” he said. Tags / Keywords: Nation 11 Jul 2019 Tourism Ministry wants departure levy deferred to after VMY 2020 Related News ACP Lim said, based on information provided by the victim’s brother, Niek, who worked as a cook in Singapore, had high blood pressure.Police classified the case as sudden death, he added. – Bernamacenter_img World 11 Jul 2019 Indonesia to build country’s longest bridge linking islands near Singapore Asean+ 11 Jul 2019 Dyson snaps up Singapore’s super penthouse Related News {{category}} {{time}} {{title}}last_img read more