Roma great Pruzzo calls for Mourinho moveby Paul Vegas10 months agoSend to a friendShare the loveAS Roma great Roberto Pruzzo would like to see them move for former Manchester United boss Jose Mourinho.Eusebio di Francesco is under pressure at Roma and Pruzzo believes Mourinho should be considered.Pruzzo told Corriere dello Sport: “One wonders why some players have been sold and why others have been bought because there is no playing model in Rome. “This team, more than anything, does not excite. It lacks great champions. “If Di Francesco were to be fired, Roma would need someone like Mourinho, even though it may be a dream.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Corus Entertainment announced today the newly refreshed Treehouse App, formerly Treehouse Classic, available on iPhone, iPad, iPod and now the new Apple TV. The App offers parents and kids more than 1,500 episodes of favourite series from Canada’s #1 preschool network’s (K2-5)* vast library of content, available anytime and anywhere in a safe, trusted, and kid-friendly environment. Featured shows include more than 40 hit preschool properties like Babar, Dora the Explorer, The Backyardigans, and Franklin and Friends.The App is available exclusively from the App Store on iPhone, iPad and Apple TV (4th generation) at the current, three-tiered subscription model. Treehouse is offering a one-month free trial to new users. For pricing and more information, visit www.treehousetv.com.“Corus is a longstanding provider of kids entertainment and we remain committed to offering parents more access to the content their kids know and love,” said Daniel Eves, Senior Vice President, Kids and General Entertainment Content, Corus Entertainment. “With hundreds of hours of compelling entertainment, custom playlists, and curated content, the App offers an engaging and safe platform for families.” Facebook With the updated App, families can interact with beloved Treehouse characters and series whenever and wherever they want. Users can create custom playlists for themselves, while the App also offers packaged content featuring seasonal and educational-themed episodes like camping, siblings, outdoors, music, and friendship. Users who download the app on their tablet devices will also have exclusive access to digital colouring pages featuring popular Treehouse characters.Corus Entertainment is the leading provider of kids content in Canada with YTV, TELETOON, and Treehouse ranking as the top three kids networks in the country (K2-11)*. The Treehouse App for Apple devices joins Corus’ full suite of growing TV Everywhere apps including TreehouseGO, YTVGO, NickGO, Disney Channel App, Disney Junior App, GlobalGO and HistoryGO. Twitter About Corus EntertainmentCorus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that creates and delivers high quality brands and content across platforms for audiences around the world. The company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY®, Showcase, National Geographic, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. Visit Corus at www.corusent.com.Follow Corus PR on Twitter: @CorusPR Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Login/Register With: Advertisement
Trina RoacheAPTN National NewsA Mi’kmaw band is deciding whether or not to accept a deal with a company building a controversial project.Alton Gas is planning to store natural gas in underground salt caverns.Mi’maq have fought the project over environmental concerns.And some say the deal on the table won’t stop future email@example.com
TORONTO – The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data.The board, which is the largest in Canada and represents more than 50,000 realtors across the Greater Toronto Area, filed the lawsuit last month in Federal Court asking for an immediate and permanent injunction for the popular website to be taken down.In the statement of claim, TREB alleges that Mongohouse participates in an “orchestrated strategy to avoid and elude” the board’s multiple attempts over the past two years to shut it down.It claims the website is infringing on the board’s copyrights by “employing various techniques to illegally data scrape” information that it provides to its fee-paying members through its internal multiple-listings service (MLS). This includes data such as new property listings, descriptions, sold prices and photography.It goes on to allege that Mongohouse is profiting from advertisers by its daily “unauthorized access” of this information, which it then displays on its website for free.The board said Thursday it could not comment further on the legal action because the issue was now before the courts.Meanwhile, efforts to contact Mongohouse were unsuccessful. A statement of claim has not yet been filed with the Federal Court.In the filing dated Sept. 12, TREB says it doesn’t know how its information is being accessed, but it believes it is the source because it placed “unique information” in its system and saw it appear on the Mongohouse website within 24 to 48 hours.“All of the information on the Mongohouse website for this purpose is only available from the TREB MLS system,” said the claim. “There is no other means available for Mongohouse to obtain the information that is available and made publicly accessible through the Mongohouse website.”The board argues that it has spent “tens of millions” of dollars to create and maintain its MLS system and that it suffers “injury and irreparable harm” when Mongohouse “continues to pass itself off as offering the same services…”In addition to naming Mongohouse.com and Mongohouse.ca in its lawsuit, the claim also names the website’s unknown operators (John and Jane Doe); web server Digital Ocean Canada Inc. and its U.S. based subsidiaries, as well as Sheng Lan Mai who is also known as Maxim Mai, of Richmond Hill, Ont.The board claims that Mai is a software engineer at IBM and “appears to be the original author and creator of Mongohouse.” It is unclear whether he is currently the operator of the website.The lawsuit is asking that the court order all information related to the operations of Mongohouse be turned over, including financial dealings and communications.TREB is claiming $2 million in damages and an additional $100,000 for copyright infringement, as well as legal costs.The court documents detail the elaborate efforts by TREB to take down Mongohouse since it became aware of its existence in September 2016.The Mongohouse website, which has a reported 50,000 registered users, uses a map function to display new listings and sold prices across the Greater Toronto Area. It also provides property photos and descriptions of listings. Users had to log into with passwords to access the information.The website has been offline since Oct. 1.“MongoHouse.com is unavailable until further notice. At the moment, Mongohouse is unable to comment and/or share more information until further instructions given,” said the message.In August, the Supreme Court of Canada announced it would not hear a case where TREB was fighting to prevent home sales data from being posted on realtors’ password-protected websites.TREB had argued for seven years at three judicial bodies that allowing the data to be released would create privacy and copyright concerns, but the Competition Bureau insisted keeping the numbers under wraps was anti-competitive and stifled innovation.Since then, a handful of realty brokerages have made sales price data available on their websites.Follow @LindaNguyenTO on Twitter.
Kolkata: Delhi’s Honey Baisoya may not have matched his score of 64 from the first two rounds but the 22-year-old, in his own words, came up with his most satisfying effort of the week on day three, a five-under-65 that helped him extend his lead at the inaugural Bengal Open Golf Championship on Thursday. Honey (64-64-65), the overnight leader by one, is now two shots ahead of the field at 17-under-193 going into the final round of the 2019 TATA Steel PGTI season’s fourth event. Also Read – Dhoni, Paes spotted playing football togetherBangladesh’s Badal Hossain (63-66-66), moved from overnight tied second to sole second as a result of his 66 on Thursday that took his total to 15-under-195 at the Rs. 30 lakh event. Badal’s compatriot Md Zamal Hossain Mollah also made waves by matching the tournament’s best round of 62, earlier shot by first round leader Karan Pratap Singh of Faridabad. Zamal thus took a flight from overnight tied 39th to 12th place at 11-under-199. Baisoya made a positive start on day three with a birdie on the first but then had a bumpy ride till the 13th as he kept missing fairways. Baisoya’s first setback came on the third where he three-putted from six feet for a double-bogey. But despite his hitting form deserting him, Honey still managed birdies on the fourth, sixth and seventh courtesy some high-quality approach shots and putting. The six-time winner on the PGTI made a couple of fabulous recoveries from the trees to bogey the ninth and extract a birdie on the 13th. He also registered two good par saves on the 11th and 12th. Baisoya finally ended the day on a high by making birdies on the 14th, 15th and 17th after landing his wedge shots within five feet on all three occasions. Badal Hossain struck a second straight 66 after making seven birdies and three bogeys to stay in the hunt for his maiden PGTI title. He made six birdie conversions from a range of 10 feet but had a disappointing three-putt bogey on the 17th that pushed him two shots behind the leader. Also Read – Andy Murray to make Grand Slam return at Australian OpenDelhi’s Rashid Khan, the winner in Chittagong last week, had a flying start with birdies on the first three holes. However, on the back-nine he posted two birdies and two bogeys to end up with a 67 and therefore slip one spot to tied third at 14-under-196. Rashid, whose last four rounds had been error-free, continues to be in contention for back-to-back titles in two weeks. Pune-based Udayan Mane carded a 64 to climb eight places and join Rashid in tied third. Shankar Das (64) was the highest-placed Kolkata golfer in tied fifth. Das shared fifth place with round one leader Karan Pratap Singh (68) of Faridabad at 13-under-197. Md Zamal Hossain Mollah struck it well to set up an eagle on the starting 10th and six other birdies en route his spectacular 62. He also drained as many as three putts from a range of 10 to 20 feet. Kolkata’s Sunit Chowrasia (68) outscored his legendary uncle SSP Chawrasia (69) as the duo played in the same group for the first time in a professional event. Sunit closed the day in tied 17th at eight-under-202 while SSP was a further shot back in tied 23rd.
The Cleveland Indians have had a rough start to the 2010 season with a 10-14 record, and many fans are ready to see if some of the top prospects from the Class AAA Columbus Clippers can make a difference.The player that many are eager to see in an Indians uniform is Columbus Clippers catcher Carlos Santana.In 2008, Santana was acquired along with pitcher Jon Meloan in a trade with the Los Angeles Dodgers for Casey Blake.Santana, a switch-hitter, has proven to be valuable on offense and defense for the Clippers, and is considered the top prospect in the Indians’ organization.Offensively, Santana has started off the 2010 season with a .324 batting average, five home runs, and 22 RBIs.“I think he has a really great bat,” Clippers infielder Brian Bixler said. “He’s a great player. He has a plan when he’s at the plate and you can see that.”Santana leads the team in walks, home runs, RBIs and on-base percentage, and was the International League Player of the Week in his first week with the Clippers.“Right now, I’m happy to be thought of as a top prospect,” Santana said. “I’m continuing to put in the hard work especially on the defensive end.”Last year, Santana played for the Class AA Akron Aeros, for which he hit .290 with 23 home runs and 97 RBIs.Santana was named the MVP of the Eastern League in 2009, becoming only the third Aero to earn the award along with Jordan Brown and Victor Martinez.This was his second-straight league MVP award as he earned MVP of the California League in 2008.While he spent the final six weeks of the 2008 season with the Class A Kinston Indians in the Carolina League, he finished second in the California League with a .323 batting average. He also had 96 RBIs, 69 walks and a .431 on-base percentage.The Indians hope that Santana can step in and produce as they try to replace departed catchers Victor Martinez and Kelly Shoppach.Martinez was traded last July for pitching prospects Justin Masterson, Nick Hagadone and Bryan Price. Martinez, who played for the Indians for eight seasons, consistently hit for power and a strong batting average.Shoppach was traded to the Tampa Bay Devil Rays after the 2009 season for pitchers Saul Rivera and Mitch Talbot. Shoppach showed some promise for the Indians, batting .261 with 21 home runs in 2008.The Indians have featured two catchers this season, Lou Marson and Mike Redmond.Marson has received the majority of the playing time and has a .224 batting average, with no home runs or RBIs in 16 games played.Redmond has a .233 batting average with two RBIs and no home runs in nine games.While Santana has only played catcher for three years, he has proven to have the talent and arm strength to contribute from the position. He previously had played third base and outfield.“It’s a great feeling as a pitcher to have somebody back there with a really good arm, and knowing that you have somebody behind the plate that will give you a good chance of throwing a runner out if you make a bad pitch,” Clippers relief pitcher Jess Todd said.In spring training with the Indians, Santana batted .250 in eight games, but was sent to the Clippers for the start of the season to improve his defense.“I think I’m having a good season,” Santana said. “I’m just working with the pitchers and trying to improve at game-calling. After playing with the Indians in spring training, I feel comfortable with their pitchers. I know what kind of arms they have and some of their pitches so I would be comfortable with them.”There has been no word of a possible call-up to the Indians at this point in the season, even given the struggles of Marson and Redmond. For now, Clippers fans have an opportunity to watch one of baseball’s top prospects in a minor league uniform.“He’s here until further notice,” Clippers manager Mike Sarbaugh said.
Manchester City midfielder Kevin De Bruyne says he can’t stand losing, either on the football pitch or playing a board game at home with his family.The Citizens host Wolverhampton Wanderers on Monday night, hoping to close in on Liverpool’s seven-point lead at the top of the Premier League standings.De Bruyne is expected to start the game against Nuno Espirito Santo’s side after an injury-blighted season which has seen him restricted him to just six league appearances.Pep Guardiola’s men are looking to become the first Premier League side to successfully defend the title since Sir Alex Ferguson’s Manchester United team in 2009.Premier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…City defeated Liverpool 2-1 in their last Premier League outing and will be hoping for another win when Wolves come visiting.De Bruyne was asked what motivates him, the Belgium international, replied, as quoted by the Independent:“Winning. I can’t stand to lose.”“Even at home, playing boards game with the missus, the son, whatever, I can’t lose against them. It’s just the way I am. It just drives me to keep going and to become probably the best I can be in football.”
Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 27 Aug 2015 – The security for Helen Garlick and the SIPT will not be the Royal Turks and Caicos Islands Police Force, the Governor’s Office does not say who will get the job, but we did hear from His Excellency that he sees the current compliment of local officers as ‘stretched’. The Governor responded to a series of Magnetic Media questions following his statement explaining why he will take the CFO’s advice and pursue getting $2.2 million in the Budget Supplementary for security for the SIPT despite disagreement of the move by the Cabinet. While the Governor will not elaborate on the specific threats to Helen Garlick and her team, nor will he detail who will be hired; he does say he does not believe it is appropriate to report on the finances while the trial is ongoing. “Once the trial has been concluded, there should be a transparent breakdown of these costs providing as much detail as possible. It is not appropriate to release figures of this nature while the trial process is ongoing.”H.E. agreed with the Premier that there should be a report; but is convinced that should come later. We also asked the Governor why he would bypass the democratic process of debate in the House of Assembly, he said: “The UK respects the views of those who have been elected to govern in the territory to the greatest extent possible. Instructing the Chief Financial Officer (CFO) to arrange a special appropriation is not taken lightly and is only done in extremis.” It was also said, but not expounded upon that the $2.2 million will be sufficient; the figure is nearly cut in half from the original request of $4.3 million. Related Items:governor peter beckingham, Helen garlick, Sipt TCI: Judge rules there is ‘a case’; all nine defendants will go to trial in September More motor mishaps; PDM Leader calls for Govt attention to illegal jitneys, again DR wants consulate office in TCI
Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#blooddonationsneeded, #giveblood, #lindabarnespaho, #pahointci, #tcibloodbank Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, October 13, 2016 – Blood Donations need to be dramatically increased as the country sees more and more medical procedures done on island; the Bank is often making urgent pleas to the public and a recent workshop exposed that this situation needs to change.“I think that generally, Turks and Caicos has done a very good job, but in considering how the health infrastructure has grown and more procedures are being conducted locally, the blood supply need to grow accordingly. And when I looked at the data about the number of blood units collected year over year, it has shown dramatic increase, but even today I was informed that there is urgency in getting blood to the hospital because it’s affecting patient care if they do not get blood donors in the door.”Linda Barnes is from the Pan American Health Organization, and not only was she here for a two day workshop aimed at strengthening our blood bank system; but she was here to help us to draft a national policy; something PAHO is requiring all countries to do. “So we talked a lot about strategies, we actually completed a draft policy on universal access to safe blood, so we will be positioning Turks and Caicos to respond to PAHO’s request that we put a blood policy in place, and we also talked about real down to earth strategies, good ideas, what I’ve seen in the different countries that I’ve worked in ranging from central Asia to sub-Saharan Africa and now the Caribbean.”A regular pattern of blood donation is key and Barnes said the mix of public and private practitioners were exceptional and motivated to see the policy established in law and to find ways to engage more community groups so that the Blood Bank is never broke of having safe and universal access to blood.
KUSI Newsroom Mayor Steve Vaus: Affordable housing in Poway 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Affordable housing is always a hot topic in San Diego and one city is taking action to address the issue for some of its community’s most vulnerable people.Joining KUSI to talk about these efforts is Poway Mayor Steve Vaus. 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave Settings Updated: 7:54 AM April 5, 2019 Posted: April 5, 2019 KUSI Newsroom, Categories: Local San Diego News FacebookTwitter
Categories: Local San Diego News FacebookTwitter Posted: June 25, 2019 Ramona man facing prison for selling heroin that led to fatal overdose June 25, 2019 KUSI Newsroom SAN DIEGO ( KUSI) – A Ramona man is facing at least 20 years in federal prison for selling heroin that resulted in a 23-year-old man’s fatal overdose, according to the U.S. Attorney’s Office.Maxwell Joseph Gaffney, 25, was convicted late Monday of distribution of heroin resulting in death in connection with the Feb. 17, 2017, death of Kyle J. Rodriguez.Text messages and emails presented at trial showed that Gaffney sold about half a gram of black tar heroin to Rodriguez just hours before his girlfriend found him collapsed in the bathroom of his parents’ Ramona home.Rodriguez was instructed by Gaffney via text to leave money for the drugs inside Gaffney’s mailbox, according to prosecutors.Despite his problems with addiction, prosecutors said Rodriguez had achieved “months of sobriety” prior to his death, as confirmed by regular random drug screenings.Gaffney’s attorneys argued that Rodriguez had another source of heroin that supplied him with the fatal dose, though prosecutors said no such other supplier could be found through a search of Rodriguez’s cell phone.A federal jury convicted Gaffney after about two hours of deliberations, according to the U.S. Attorney’s Office.He’s slated to be sentenced Sept. 23.“These purveyors of poisons are killing our citizens and tearing apart the fabric of our families,” U.S. Attorney Robert Brewer said. “We must continue to combat the opioid crisis by every possible means at our disposal.” KUSI Newsroom,
Oil India declared bonus issue of 1:3 (1 share for every three shares held) after its board met on Monday. The public sector company’s shares were trading with losses at Rs 429 (down 1.81 percent) after the announcement, on BSE.”Oil India Ltd has informed BSE that the Board of Directors of the Company in their Meeting held on November 28, 2016, inter alia, have recommended ‘Issue of Bonus shares’ in the ratio of 1:3 i.e. One (1) bonus equity shares of Rs. 10/- each for every Three (3) existing fully paid up equity share of Rs. 10/- each subject to approval of the shareholders,” the company said in a regulatory filing.For the quarter ended September 2016 (Q2), Oil India earned standalone net profit of Rs 580 crore as against Rs 705 crore in the year-ago period.Total income dropped to Rs 2,331 crore from Rs 2,531 crore, YoY, according to another regulatory filing by the company. Earlier, the other state-run energy companies had declared bonus issues and they were liberal.Oil and Natural Gas Corporation (ONGC), the state-run Indian oil and gas explorer, has rewarded shareholders with a bonus issue of equity shares in the ratio of 1:2 and interim dividend at the rate of 90 percent (Rs 4.50 per share). The record date for dividend is November 5, 2016.Hindustan Petroleum Corporation Ltd. (HPCL) had declared 2:1 bonus in July, BPCL in the ratio of 1:1 in May and IOC in the ratio of 1:1 in August this year.
(PhysOrg.com) — In a new documentary soon to air on BBC, space archaeologist Sarah Parcak from the University of Alabama in Birmingham shares her recent discovery in the relatively new field of space archaeology. With the use of satellites and infra-red imaging, Parcak and her team have discovered 17 lost pyramids, over 1,000 tombs and 3,000 ancient settlements in Egypt. More information: BBC 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. A view of the pyramids at Giza from the plateau to the south of the complex. Image: Ricardo Liberato/Wikipedia Egypt: New find shows slaves didn’t build pyramids (Update) Explore further © 2010 PhysOrg.com Citation: Satellites discover lost Egyptian pyramids (2011, May 26) retrieved 18 August 2019 from https://phys.org/news/2011-05-satellites-lost-egyptian-pyramids.html Using NASA satellites orbiting 435 miles above Earth that were equipped with cameras capable of pinpointing objects less than three feet in diameter on the Earth’s surface, Parcak and her team were able to identify materials that where just under the Earth’s surface.Because ancient Egyptians built their homes and structures, including pyramids, out of mud brick, it is much denser than the sand that has covered it over time. The infra-red camera was able to highlight these areas and locate the structures. In the area of Saqqara, Parcak had identified what she thought to be two potential pyramids. The documentary covers her journey to this area where local archaeologists began test excavations to test her findings. The pyramids were discovered and it is now believed to be one of the most important finds in Egypt.Parcak visited another location in Tanis where here imagery had located a 3,000-year-old house. Excavation revealed the house and the measurements almost perfectly matched what was shown in the images.The findings of actual sites gave validation to Parcak and her technology and she hopes to use it to locate many more sites in the future. Egyptian authorities hope to use the technology to aid in the protection of their national antiquities. With the recent revolution, looting has become a problem and the ability to compare images through time will allow them to alert Interpol to be on the watch for particular antiquities that could be out on the market for sale.
Tuesday, July 11, 2017 << Previous PostNext Post >> Hawaii looking to increase accommodation tax Tags: Hawaii Share WAILUKU, Hawaii — Hawaii Gov. David Ige expressed support for raising the state’s transient accommodations tax by 1 per cent while maintaining the counties’ share of hotel room taxes at $93 million.Ige said Friday he opposed a 2.75 percentage point increase in the transient accommodations tax, or hotel room tax, that had been proposed by House and Senate money committees in late April, shortly before the end of this year’s lawmaking session.The governor said a 2.75 percentage point increase – from 9.25 per cent to 12 per cent, bringing in another $1.3 billion over 10 years – would be “too big a burden to be borne by the visitor industry.”Instead, Ige said a 1 percentage point increase would “be a reasonable increase, especially if it’s for a specific period of time and would go toward helping to fund the transit project.”Ige’s comments came the same day lawmakers announced a special session to address rail funding would be held Aug. 28 to Sept. 1.More news: Windstar celebrates record-breaking bookings in JulySenate President Ronald Kouchi and House Speaker Scott Saiki have assured the Federal Transit Administration they intend to hold a special session to resolve the funding crisis for rail, which has had its cost estimate skyrocket from $5.2 billion a few years ago to the current estimate of $10 billion, the Maui News reported.Ige said something needs to be done for rail to move forward.“Ultimately, it is clear that additional funds are needed and so certainly a contribution from the transient accommodations tax for a period of time certainly is something that I would be open to consider,” he said.When asked what he believes would be an appropriate allocation of hotel room tax funds for the state’s four main counties, which saw their share fall from $103 million to $93 million this year, Ige said he believes the lower amount is “fair.”County officials have been adamant that the counties deserve a greater share of the hotel room tax revenue.More news: Rome enforces ban on sitting on Spanish StepsMaui County Council Chairman Mike White has argued from 2007 to 2015 counties have incurred more than $170 million in additional costs for parks and fire and police services. However, in that time period, the counties have received only another $2.2 million in room tax revenue, while the state has taken in an increased portion of $196.6 million. Source: The Associated Press
In the waters surrounding Catalina Island off the northern Pacific coast, divers can encounter giant schools of neon-colored fish, octopi, manta rays and even sharks. Most who have seen sea life like this in the wild has done so with a giant tank strapped to their backs, a wet suit squeezing their limbs and hours of training under their belts. But a new dive shop near Tamarindo is now offering an easier way to get under the water: snuba diving.Blending the ease and safety of snorekeling with the below-the-surface exploration of scuba diving, snuba divers can reach depths of 25-30 feet while breathing from long hoses attached to oxygen tanks at the surface. Though the word snuba sounds like a fusion of snorkel and scuba, snuba is actually its own acronym, standing for surface nexus underwater breathing apparatus. Snuba has been around for about 20 years, but this month SNUBA Costa Rica opened its doors, becoming the first SNUBA operator in Costa Rica. “We are definitely excited about being in Costa Rica,” said Kyle Mayfield, SNUBA’s director of water operations and safety. Like so many before him, Michael Wunderlich came to Costa Rica and fell in love with scuba diving. He was already an experienced diver, but during his first dive off Costa Rica’s shores he swam with giant manta rays. On ever dive after, he saw just as many incredible creatures.“I decided I was going to stay here and try to make a living in the water,” he said.Wunderlich had tried snuba in Hawaii and, after some research, decided to open a snuba franchise. He convinced his Costa Rican partner, Paula Saenz, to join the project and the two moved out to the Tamarindo area in the northwestern province of Guanacaste last December. After months of practice runs, the co-owners began taking customers out last week.Unlike scuba diving, snuba requires no training or experience. Anyone eight years or older who knows how to swim can do it.“If you can snorkel you can snuba,” Wunderlich said. “If you are 90 years old and have the spirit to do snuba, you can do it.”In the 20 years since its invention, snuba divers have never reported a serious dive-related injury. The depth limits in snuba eliminate the most dangerous risks associated with diving, like the decompression sickness and lung expansion. Divers do not exceed one bar of pressure while underwater, making the sport about as safe as walking on land.SNUBA Costa Rica is a full dive shop, also offering scuba and snorkeling so families with different dive preferences can still dive together. Rafts floating on the surface provide oxygen to snuba divers. Lindsay Fendt Going there: All of SNUBA Costa Rica’s dives leave from Playa Flamingo, a 20-minute drive north of Tamarindo and an hour drive from the Liberia airport. Tours include transportation to and from Tamarindo. A one-tank snuba dive is $95 per person and a two-tank dive is $135 per person.Phone: 8523-3649, 8864-0742Website: www.snubacostarica.com Facebook Comments Related posts:Fine Diving Reported on Both Coasts Diving Conditions Good All Over Condominium “Village” Offers Water Sports, Diving, Fishing, Beaches and Other Amenities Spinning sea creature sings our tune
Bulgarian telco and pay TV operator Vivacom has been acquired by newly registered company Viva Telecom Bulgaria.NEF Telecom has sold its 93.99% stake in the telco following the receipt of regulatory approval to Viva Telecom, a consortium that includes Russia’s VTB Capital and Hungary’s Corporate Commercial Bank.Under the terms of the deal, worth €130 million, Vivacom’s debt has been reduced to €588 million from approximately €1.7 billion.
The continued strength of YouTube along with mobile gains helped Google parent company Alphabet to report significant second quarter growth.Speaking on the company’s Q2 earnings call, Google CEO Sundar Pichai said that YouTube showed “strong momentum” and said that video is the “killer format on mobile”.Though the company did not break out specific figures for YouTube, Pichai reiterated its claim that YouTube reaches “more 18-34 and 18-49 [year-olds] than any other TV network, broadcast or cable.”“Every indication we see is that the growth is very, very strong, being driven by mobile, and it’s growing globally as well. Overall, I think engagement is very, very healthy,” he said.The Google boss revealed that more than 1,000 YouTube content creators are now crossing the 1,000 subscribers mark every day.He also highlighted the gains YouTube is making in the live video space, with YouTube’s live–stream time up threefold since the beginning of the year.The service also now supports 360 degrees live video and also the ability for creators to ‘go live’ direct from the YouTube mobile app.“Earlier in the quarter, we teamed up with BT to live–stream the Champions League and Europa League finals on YouTube in the UK. This special event was UK’s biggest ever live–stream,” said Pichai.“All these innovations are a big reason why partner revenue has averaged 50% growth over the last three years.”Overall, for the quarter ended June 30, Alphabet reported a 21% year-on-year increase in revenue to US$21.5 billion (€19.4 billion), while net income climbed 24% to US$4.88 billion.Alphabet chief financial officer, Ruth Porat, said that the primary driver for growth was the increased use of mobile search by consumers and that the company also benefited from solid growth in desktop and tablet search as well as continued strength in YouTube and programmatic advertising.“Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we’ve made over many years in rapidly expanding areas such as mobile and video. We continue to invest responsibly in support of our many compelling opportunities,” said Porat.
(Click on image to enlarge) I wouldn’t want to be short any of the precious metals at this point in history as we wait for the Fed and JPMorgan et al to make their next move. Enjoy what’s left of your weekend…and I’ll see you here on Tuesday. Not surprisingly, the high ticks in platinum and palladium all came at the same moment as gold and silver’s high. This was obviously price management across the board in all precious metals…and only the willfully blind would think otherwise. The dollar index closed on Thursday at 82.78…and spent all of Friday chopping broadly lower…and the index closed on Friday afternoon at 82.47…down 31 basis points from Thursday. The dollar index low came about 10:50 a.m. in New York, just minutes before the high ticks in all four precious metals. The big axe fell at 11:30 a.m…and was not related to anything that the currencies were doing at the time. Not surprisingly, the silver shares got hit pretty hard as well…and Nick Laird’s Intraday Silver Sentiment Index closed down 4.54%. The gold stocks opened in the black, but got sold into the red immediately…and were down about a half percent right up until the 11:30 a.m. New York price execution in all four precious metals. The low tick for the gold stocks came right at 12:15 p.m. EDT of course…and then they traded sideways for the remainder of the trading session. (Click on image to enlarge) Here’s the long-term Silver 7 chart to give the you bigger long-term picture. Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. Tosca recently received results from the 13 remaining holes from its phase two, 16,000 M (4,873 m) diamond drill program. Per Tosca’s Chairman, Dr. Sadek El-Alfy, “the drill program has successfully verified historic drill results of the shallow Copper-Molybdenum cap and confirmed the presence of a deeper, well mineralized Molybdenum Porphyry deposit.” The results of 21 holes drilled through the copper/moly cap in Tosca’s 2011 drill program give a weighted average grade of 0.39 % Cu over a core length of 113 feet (34.5 m). Since the copper cap is subhorizontal, the average core length can be interpreted as being approximately equivalent to true width. The copper/moly cap is crescent shaped, approximately 4,000 feet (1220 metres) long and 400 feet (122 m) to 1000 feet (305 m) wide. The 2011 program encountered numerous thick Molybdenum mineralized intervals including Hole TMC-25 wich intersected 1,189 feet (362.4 m) averaging 0.089 per cent Mo including 830 feet (253 m) of 0.1 per cent Mo from 359 feet (109.8 m) to the bottom of the hole. Hole TMC-29 cut 989 feet (301.4 m) averaging 0.09 per cent Mo including 139 feet (42.4 m) of 0.16 per cent Mo. The molybdenum grades are similar and in some cases higher than those of projects currently considered of potential economic interest.” Aggressive plans are in place for 2012 to conduct metallurgical tests, produce an updated resource estimate and Pre Economic Assesment. Tosca is operated by an experienced mine development team, operates in Texas, a mine-friendly jurisdiction and its property iseasily accessible with infrastructure in place to advance operations. Please visit our website to learn more about the company ad request information. The status quo is not an option the central banks can allow to continue for long. The gold price rallied a bit during the early going in Far East trading, but got sold down starting around 9:30 a.m. Hong Kong time. From that high tick of the day, around $1,487 spot, it got sold down a bit over twenty-five bucks, hitting its London low early in the morning BST. Then starting around 11:00 a.m. BST, gold began to rally once more…and that rally gathered a bit more steam once New York began to trade. But just minutes before the London close [11:00 a.m. in New York] a not-for-profit high frequency trader appeared…and by 12:15 p.m. EDT had gold down to its low tick of the day, which was $1,447.30 spot. The New York high was $1,484.10 spot. The gold price rallied back in fits and starts from there…closing the Friday trading day at $1,462.90 spot…down $5.30 from Thursday’s close. Gross volume was a grotesque 265,000 contracts, mostly of the HFT variety. Here’s the New York Spot Silver [Bid] chart on its own so you can see the not-for-profit seller’s action close up and personal. The NY spot gold chart looks similar. (Click on image to enlarge) Here’s your “cute quota” for today… I’ve got the usual number of stories for you today…and quite a few of them are gold/silver related…and I hope you can find the time over what’s left of your weekend to run through them all. Gold has worked down from Alexander’s time. When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory. – Bernard M. Baruch Today’s pop ‘blast from the past’ is a piece that I first heard live when Gary Brooker et al played it with the Edmonton Symphony Orchestra back in 1992 when I was on the board of directors. After Whiter Shade of Pale and Conquistador…this is their most popular composition. This performance was with the Danish National Concert Orchestra and choir at Ledrborg Castle in Denmark in August of 2006. I note that Geoff Whitehorn is still playing lead guitar…Mark Brzezicki is still playing the drums…and Gary has still got the pipes. This version, in my opinion, is the best I’ve heard. The recording is stunning…and the link is here. Today’s classical ‘blast from the past’ is a J.S. Bach chestnut that I never tire of listening to. It’s the Concerto in D minor for two violins, strings and continuo, BWV 1043. The link to the first and second movements are here…and the third movement, here. Doing the honours is the St. Petersburg Conservatory Chamber Orchestra, with soloists Lyubov Stekolshchikova and Elina Drukh. The tempo is a touch faster than I’m used to. Well, JPMorgan et al are still at it…not only from a price perspective, but also the shares. As I commented in Thursday’s column…why the big rise in share prices on zero price movement in either gold or silver on Wednesday? Well, it’s a good bet that ‘da boyz’ were buying so they could sell them into the next rally…and that came on Thursday…and then they sold the rest on Friday. John Embry has always been of the opinion that the shares as well as the metal prices themselves, were managed…and their price action over the last three days certainly reeks of that. I’d dearly love to know what’s going on behind the scenes, but in the face of unprecedented world-wide demand in the physical precious metal itself, I’m sure that they are having their issues at the moment. There’s no doubt in my mind that they were caught totally flat-footed by the world’s reaction to their little ‘Comex Caper’…and are back at the drawing board figuring out how to extricate themselves from this self-inflicted wound without exacerbating the situation. And as I and others have already stated, this bifurcated market cannot last for too long, as the current over-the-top physical demand will have the bullion banks for lunch at some point. The only thing that will kill this retail demand stone cold dead is a sudden [on a weekend, perhaps] upward revaluation in price that puts gold out of reach of all but the richest. That goes for silver as well…and silver will become the new gold for the masses. A price high enough to accomplish that will undoubtedly turn a lot of precious metal buyers into precious metal sellers virtually overnight. The only other option is ‘death by a thousand cuts’…where precious metal prices are allowed to rise ‘normally’…whatever that means these days…and the buying frenzy on Planet Earth will begin anew. If you read some of the above-posted stories out of India, that psychology is already starting to take hold since the bottom was put in on Tuesday morning last week in early Hong Kong trading. But one thing is for sure…the status quo is not an option the central banks can allow to continue for long. Before heading out the door, Nick Laird must know that I’m a creature of habit with my Saturday column, because his “Total PMs Pool” chart…updated with Friday’s data…was in my in-box before I even thought about it. Here it is posted below…and as you can see, the U.S. dollar ‘value’ has done a face plant, but the total ounces under management has barely moved. (Click on image to enlarge) The CME’s Daily Delivery Report showed that 562 gold and 2 lonely silver contracts were posted for delivery on Tuesday. JPMorgan Chase was the big short/issuer with 558 contracts…and one of their partners in crime in the precious metal price management scheme, Canada’s Bank of Nova Scotia, was the long/stopper of 555 of those contracts. This should just about wrap up deliveries for April in both metals. The link to yesterday’s Issuers and Stoppers Report is here. The inventories of GLD took another hit yesterday. This time an authorized participant withdrew 232,107 troy ounces and, for the second day in a row an authorized participant added silver to SLV…820,985 troy ounces to be exact. I’m starting to wonder about these never-ending withdrawals from GLD…as it’s my opinion that we’re long past the investors dumping-their-holdings story…and I’m looking around for another explanation. The short interest report for the first half of April for both GLD and SLV was posted on the shortsqueeze.com Internet site either late Thursday night or last night. It showed that, during the period mentioned, the short interest in SLV blew out by 27.11 percent…and GLD by an eye-watering 48.47 percent. I was quite taken aback at first glance, but with sober second thought it occurred to me that if I was ‘da boyz’…both SLV and GLD would be one of the vehicles that I would use to make obscene profits and acquire more metal at bargain-basement prices. I’m prepared to bet serious coin that these obscene short positions have already been closed out…and that fact will be reflected in the next short interest report coming up in about two weeks time. Joshua Gibbons, the Guru of the SLV Bar List updated his about.ag/SLV/ website on Thursday with the in/out activity of SLV as of the close of trading on Wednesday. This is what he had to say…”Analysis of the 24 April 2013 bar list, and comparison to the previous week’s list. No bars were added or removed. 269 bars had accounting changes (e.g. from 0.9990 fine to 0.9999 fine). All bars with changes were in Brinks London, which is likely currently being audited. As of the time that the bar list was produced, it was over-allocated 483.4 oz.” The link to his website is here. The U.S. Mint had another sales report yesterday. They sold 5,000 ounces of gold eagles…1,000 one-ounce 24K gold buffaloes and, for the third day in a row…zero silver eagles. Month-to-date the mint has sold 208,500 ounces of gold eagles…36,000 ounces of one-ounce 24K gold buffaloes…and 3,232,000 silver eagles. Over at the Comex-approved depositories on Thursday, they reported receiving 312,978 troy ounces of silver…and shipped 790,669 troy ounces out the door. The link to that activity is here. In gold on Thursday, the Comex-approved depositories reported receiving 153,748 troy ounces…and shipped a smallish 1,300 troy ounces of the stuff out the door. The link to that activity is here. I was happy to see that everything appeared to be back to normal with this week’s Commitment of Traders Report. Whether the data from last week’s COT Report was reported in error or tampered with, is still not known, but the result was that the data in yesterday’s report has partially masked what happened in the prior week’s report. But, having said that, this latest report is still pretty impressive…and is still one for the record books in many categories. In silver, the Commercial net short position declined by a very chunky 26.7 million ounces…and now stands at 85.8 million ounces…not a record low…but pretty close. The Big 4 [JPM, Scotiabank, HSBC USA….plus one other short holder of no consequence] were short 193.1 million ounces of silver…and the ‘5 through 8’ traders were short an additional 50.9 million ounces of silver. As far as concentration goes, the ‘Big 4’ are short 36.0% of the entire Comex futures market on a ‘net’ basis…a big drop from two weeks ago. The ‘5 through 8’ are short an additional 9.3 percentage points of the Comex futures market in silver on a net basis. Ted Butler is busy with his son’s wedding, so I didn’t have the opportunity to talk to him yesterday, so I’m not sure where JPMorgan’s short position stands at the moment. There are 37 short-side traders in the Commercial category of the COT Report in silver…and 4 of them are short 36 percent of the entire Comex futures market in that metal. I’d guess that JPMorgan holds at least half of that amount on its own. The other stand-out features in the silver COT Report was the fact that the net long position in the Non-Commercial category has shrunk down to 15,000 contracts…and the net long position of the small traders in the Nonreportable category has virtually disappeared…and currently stands at 2,163 contracts! I don’t remember ever seeing a number that low and, if the truth be known, I never thought it possible. In gold, the Commercial net short position imploded by 3.75 million troy ounces…and now sits at 10.44 million ounces. The Big 4 are short 8.63 million ounces of gold…and the ‘5 through 8’ traders are short an additional 4.94 million ounces. These are monstrous changes…and I’m guessing that one would have to go back at least five years to see a number this low. On a ‘net’ basis [once the market-neutral spread trades are subtracted out] the Big 4 are short 24.7 percent of the entire Comex futures market in gold…and the ‘5 through 8’ traders are short an additional 14.2 percentage points of the Comex futures market. In the Non-Commercial category, the net long position declined to just over 104,000 contracts. Their net long position…10.4 million ounces…is exactly equal to the Commercial net short position of 10.4 million ounces…and that’s because the Nonreportable position [the small traders] is a vanishingly small 133 contracts…basically zero! Unheard of! I’m sure that there was a lot more going on ‘under the hood’ in both metals…and I look forward to reading what silver analyst Ted Butler has to say about it in his weekend commentary…when he can find the time to write it, that is. In case you’re interested, the link to yesterday’s legacy COT Report is here…and the Disaggregated COT Report is here. Here’s Nick Laird’s “Days to Cover Short Positions” chart updated with yesterday’s data. Sponsor Advertisement In silver, the only real difference between it and gold was the fact that the London low came about 12:30 p.m. BST…thirty minutes after the noon London silver fix. The New York high in silver was also minutes before the London close…and the high-frequency trader delivered the coup de grâce at 11:30 a.m. EDT. From that point, the silver chart looks pretty much the same as the gold chart, with the New York low [$23.57 spot] coming at 12:15 p.m. EDT right on the button. The Far East high tick was around $24.85 spot…and intraday move of almost $1.30. Silver closed at $24.04 spot…down 36 cents from Thursday. Volume, net of the May delivery month roll-overs, was a hair under 17,000 contracts…mostly vapour and fumes.
In This Issue. * Bias to buy dollars returns. * A breakdown for the ECB meeting. * A$ sees rate speculation turn. * Chinese manufacturing is cooking with gas! And Now. Today’s A Pfennig For Your Thoughts. Second Quarter Consumption Takes A Hit! Good Day! . And a Marvelous Monday to you! I’m totally whacked out this morning at home, so this will be short-n-sweet, as I attempt to write without problems. No worries, I’ll be fine. Just not so much right now! Kathy left for a few days yesterday, leaving just Chuck and Alex at home, and that meant that I had to go to the store to buy the “essentials” for a boys ½-week. Alex is still recovering from mono and strep, so he was actually at home to eat dinner with me last night! Now, that’s amazing! Another thing that looks to be amazing is the news that came from China over the weekend. The news? Well, the news in itself isn’t that amazing, but the fact that all the Chinese naysayers have to crawl back into their walls and await the next time they are able to scurry about, and play Chicken Little is amazing to me! Anyway, the news was that the Chinese Gov’t’s version of their Manufacturing Index (PMI) printed at 50.8, which was the fastest pace in 5 months! This is a good sign for China’s economy, in that, not only does the world see it isn’t collapsing as the Chicken Little’s have pronounced it would, but also it shows the Chinese Gov’t that their decision to step up the stimulus measures is working. Remember, at first, the Chinese were going to not use stimulus measures and see what happens, but then they got an itchy trigger finger, and decided to implement some small measures, but when the economy showed fatigue, they decided to step up the pace of the stimulus measures including faster spending and increased railway investment. I would look for the next thing to be a cut in the reserve requirements for banks. Last Friday, I told you that I thought from the looks of things, that the Chinese Gov’t was going to increase the stimulus measures, and now that is confirmed. See? Even a blind squirrel can find an acorn! But remember, China doing things like this is different from a country that doesn’t have the money to spend, and digging their debt hole even deeper. I still don’t like that they had to resort to stimulus measures, as I’m a purist on the Central Bank and Gov’t economy intervention. I don’t like it! It shouldn’t happen, and so on. But the fact that the Chinese are in a position fiscally, to do it, makes more sense to me. I doesn’t mean I have to like it! So, The global growth countries and their currencies saw a pop from the news overnight, but as I turn on the laptop this morning, the bias to buy dollars has taken over. The Dollar Index is up big this morning, and the euro is barely holding to the 1.36 figure. The price of Oil jumped on the Chinese data, but then so did the dollar, which makes just a bit of sense, in that Oil contracts are still priced in dollars. That is Oil contracts that aren’t a part of currency swap agreements between countries, that are becoming the norm in the world, folks. Speaking of the euro.. A trader friend of ours at Morgan Stanley sent me a note the other day, and their research team had put together a chart/ table, of the policy instruments available to the ECB, and the potential impact, and effect on the euro. The table pretty much plays out the way I’ve explained to you how I felt things would go for the euro. For those of you who missed class that day, I said that as long as the ECB kept the stimulus to negative deposit rates, the hit on the euro would be minimal, and maybe even positive, as this has already been priced in. So, Morgan Stanley believes that if the ECB does just cut the deposit rate and not mention euro strength, the euro could rise to 1.37. But any of the other stimulus measures would send the euro to the woodshed. And a large bond buying program would knock the stuffing out of the euro all the way to 1.28. So. as you can see, even the large firms with their large research divisions, come up with the same stuff that I do, on my own! One of the headline stories on the Bloomberg this morning is that the British pound sterling / pound saw its rally end, as Mortgage Applications (Apps) fell to a nine-month low in the U.K. and thus reducing the calls for a rate hike in the U.K. I’ve told you again and again about the U.K. and that the debt there is not going away, and neither is the game that Bank of England (BOE) Gov. Mark Carney is playing with the markets regarding giving them hints of a rate hike, but never pulling the dust covers off the rate hike machine. I refer to this as Carney’s bag of promises. So, in the end, be careful with pounds, they are most likely going to disappoint in the end. The best performing currency so far this year, the Brazilian real, has seen its rally get sidetracked, which is surprising, in a way, to me. The surprising part is that this is just two weeks ahead of the World Cup, and all that tourism, and converting to reals to spend. the not so surprising part is that this is the Brazilian real. Real is the name, volatility is its game! Which is why I always tell you, be just what you is, not what you is not.! No wait, no time for Mr. Wizard, here, I’m talking serious stuff, Chuck, can’t you just be serious for a whole letter, for once? Nah. what fun would that be? But I do always tell you that reals should only be purchased as a speculative investment for your investment portfolio, then when volatility hits it like this morning, you won’t panic! The Aussie dollar (A$) is kicking ’round the cobblestones this morning. I think that the A$ has a tough row to hoe ahead of it, as the interest rates speculators have now switched horses in the middle of the stream. As recent as April 10th, these speculators had an 88% chance of a rate hike priced into their futures. But just last week, that trade got turned around, and now the speculators are betting that interest rates don’t move for at least another 12 months. The A$ will have to fight through news like this, and I’m not sure it can, right now at least. But, one thing I’ll say about the A$, is that it is resilient, and just when you think the A$ is about to raise the white flag, it turns things around in its favor.. I told the currency guys that I met with last week that I still believe that New Zealand has two more rate hikes coming this year. And to not panic about the recent softness in the New Zealand dollar / kiwi. All it was doing was providing some cheaper buying opportunities! Want a toe tapping, head bobbing song to listen to? Download the Kinks song: Sunny Afternoon. A great summertime song! Ok, that public service announcement was brought to you by me! Hey! I’m beginning to come back to life here, but after spending most of the night awake, I’ll have to head back to bed once the letter is out! Gold has fallen to a 4-month low, folks. As I’ve said for some time now, “it’s all about stocks”. I also remind people that, “that’s OK, now, but the stock euphoria didn’t work out so good for investors the last time, now did it?” That’s all I’m saying there. Gold has become the ugly duckling to investors, but we all know the story of what happens to the Ugly Duckling, now don’t we? The U.S. Data Cupboard will have the May ISM (manufacturing index) for us today, which should play in concert with the stronger manufacturing indexes in the Eurozone, and China. If it doesn’t, we’ve got a story. If it does, then the “the U.S. economy is strong, bugs” will come out of the wallboards once again, and stir the pot for the bias to buy dollars this morning. But I wonder what led the dollar bugs to stir the pot this morning given the rot on the economy’s vine that was evident by last week’s GPD and Personal Spending data. Well, you can mark down a soft start for Consumption in the 2nd QTR. And I checked with a local meteorologist and they confirmed that while things were still unusually chilly in April, we didn’t have severe winter weather shutting down most of the country. So. what am I talking about? Well the Personal Spending data for April. It printed a negative -.1%… , and Real Consumer spending fell -.3%, the first drop since December of last year. So, we have the 2nd QTR starting out in the red on consumption. I don’t make these things up folks. The first QTR was an absolute washout, and now the 2nd QTR is starting out in the red. UGH! But then, I think I was the one who has kept telling you ever since the “recession allegedly ended”, back in 2009! Before I head to the Big Finish this morning, I had a reporter call me on Friday morning. Which actually surprised the heck out of me, because no one calls me any longer. don’t ask me why. Well, I actually know why, but won’t get into that here. But the reporter was interested in the bond yields, and I told him that if we’re just talking bond activity and not back room deals that may or may not be going on at the Fed, that the bond markets were telling us that they are not buying the strong economy talk. It’s that simple. they don’t believe it, and therefore yields will fall. Which on a sidebar is fine with me, given that it gives us a better starting point for our MarketSafe Treasury CD, which by the way, the funding period ends on 6/11. Just a friendly reminder! For What It’s Worth. found this on Moneynews.com, as I tried to remain calm yesterday. I just don’t know what else the Fed needs for proof that their tapering is taking a HUGE bite out of the economy. But then, they always seem to be playing catch up. “For those hoping that housing will lead a robust recovery, Freddie Mac is not exactly offering a beacon of hope – the mortgage giant estimates many of the nation’s housing markets are stalling. Freddie Mac said its research shows only 10 of the 50 states plus the District of Columbia could be considered to have “stable” housing markets. The top five are North Dakota, Wyoming, the District of Columbia, Alaska and Louisiana – four energy-producing states plus the cradle of government spending. Only four of the top 50 metro areas were ranked stable by Freddie Mac – San Antonio; New Orleans; Austin, Texas; and Houston. “Less than half of the housing markets MiMi covers are showing an improving trend, whereas at this same time last year more than 90 percent of these same markets were headed in the right direction,” said Frank Nothaft, Freddie Mac’s chief economist.” Chuck again. This all reminds me of 2004 & 2005. Yes, back then I tried to warn people about the housing bubble, and no one would listen to me. Shoot my own kids didn’t listen to me! I remember being at a Jacksonville Jaguars game, and the mortgage guys were having fun listening to my spiel on why I believed there was a housing bubble. a couple of years later, they weren’t having so much fun. This current scenario reminds me of that time. I’m just saying. To recap. Chuck is under the weather, so this was short-n-sweet this morning. The currencies & metals are under the weather too, as the bias to buy dollars is being cast over the markets this morning. The Big ECB meeting will take place this week, where ECB president, Draghi, will announce was kind of stimulus he’s going to implement. Gold is down again, as the “buy stocks” theme hangs over Gold like the Sword of Damocles Currencies today 6/2/14. American Style: A$ .9050, kiwi .8464, C$ .9205, euro 1.3605, sterling 1.6750, Swiss $1.1150, . European Style: rand 10.5940, krone 5.9970, SEK 6.6855, forint 222.35, zloty 3.0405, koruna 20.1940, RUB 34.88, yen 102.05, sing 1.2560, HKD 7.7540, INR 59.15, China 6.1695, pesos 12.86, BRL 2.2415, Dollar Index 80.53, Oil $102.91, 10-year 2.49%, Silver $18.81, Platinum $1,440.43, Palladium $832.90, and Gold. $1,247.00 That’s it for today. Whew! What a tough weekend for my beloved Cardinals! OUCH! The S.F. Giants, with the best record in the National League, schooled my Cardinals winning 3 of 4. Well, I watched a bit of the Hawks/ Kings Game 7 last night, but didn’t see the end, which had the Kings going to the finals VS the Rangers. If I were a betting man, I would pick the Kings.. But it will be a battle of two of the best goalies in hockey. and why are they still playing hockey in June? I hear you asking. good question! The NBA finals will be the Heat VS the Spurs. I have a friend in Jacksonville that’s from Texas, and he’s a HUGE Spurs fan. I think he’ll be disappointed in about a week. We had Braden Charles’ Birthday party here on Saturday. It looked like a daycare with all the little toddlers and babies! They were all so cute! Mitch Ryder and the Detroit Wheels are singing about Jenny taking a ride on the IPod right now. That’s a real seat bopping song! OK. time to go back to bed. I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets
Kul Chandra Gautam was born in a rural village with no electricity or running water, no doctors and schools. The nearest town with a market was a five-day walk away.He left home at age 7 to study — and study he did. He was one of the first people in the world to learn English from a Peace Corps volunteer, and his outstanding grades eventually won him a full scholarship to Dartmouth.But getting there wasn’t easy.For two years, Gautam petitioned the Nepali government for a passport so he could attend the U.S. university. But back in the 1960s, passports were given only to people of privilege — not poor villagers. His passport request went all the way up to the king, only to be denied.It was then Gautam vowed to do something special with his life.”That moment came because of the injustice of not being able to get a passport,” he said on a visit to NPR headquarters last month to talk about his life and his new memoir, Global Citizen from Gulmi: My Journey from the Hills of Nepal to the Halls of United Nations.Gautam, now 69, speaks with contagious energy, his eyes gleaming. (He exuberantly corrects the Western way of counting one’s age. He’s actually 70, he says, because in Nepal your first birthday is on the day you are born: “That seems logical to us!”)The discrimination Gautam faced as a young man only made him fight harder. The second time he applied for a passport, a mid-level government official who had also risen from a rural village sympathized with his plight and approved his application.Gautam was going to America.”From that point on, I felt — ah! I have managed to do something impossible,” he says early in the interview. His cup of tea, forgotten, cools before him as he recalls the pain and then joy of his challenges. “Even when the king rejects you, that’s not the end of the road.”For Gautam, the road would extend all the way to a top leadership position with the United Nations.In 1971, he graduated from Dartmouth, where he studied international relations, after just three years. Next, he received his master’s degree in economic development and modernization from Princeton University’s Woodrow Wilson School in 1973.After that, he ascended the ranks of the United Nations, beginning as a program officer for UNICEF and climbing to the position of assistant secretary general of the U.N. from 2000 to 2008.A grandfather’s wishWhen Gautam was born, his grandfather, who had long yearned for male heirs, was elated.”He said, ‘I want this boy to be someone special,’ ” Gautam recalls. ” ‘An educated pundit.’ “His grandfather and his father taught him all they knew, scratching letters of their Nepali dialect into the dirt with a stick. The boy quickly absorbed their knowledge. When he was 7 years old he moved to a village across the river to learn from a local teacher — the first in a series of moves farther and farther from home in the pursuit of education.In 1962, Gautam was a seventh-grader in a town called Tansen, one of the first outposts for volunteers with a new organization, the Peace Corps. Gautam knew only a few English words then — not enough to string together a sentence — but he excelled under the volunteers’ tutelage.His education didn’t stop when school did; Gautam would tag along with his teachers after class. They taught him how to play chess and Scrabble; soon enough, he began beating them.One volunteer told him if he kept up his education, he might one day study in America.There are times when the right encouragement, the right promise, echoes in your head and lodges in your heart. Even now, half a century later, Gautam’s face still lights up at the promise of that dream.The idea of studying in the United States stayed with him. More specifically, Gautam decided, he wanted to attend Dartmouth — the alma mater of a volunteer who had lent him books.In the final year of high school, Gautam enlisted the help of his old Peace Corps teachers and took college entrance exams.”Apparently, surprisingly, I did very well,” he says with characteristic humility. He still calls himself “a little village boy” and says that his village was, “by Nepali standards, not very remote” — a mere five-day walk to the nearest small city.At one point, he mentions in passing that he was one of the most accomplished students in all of Nepal. He was recounting his explanation to a low-level government employee why he should be granted the passport.”Obviously, he was suspicious, you know, ‘How did he get this scholarship? This is abnormal.’ And I explained everything, you know, I have a very good record in school, I’m at the top of the whole country in the final school-leaving exams.””But qualification is not the main criteria” for getting a passport, he says, shrugging nonchalantly. “There’s one possible criteria: It is who you are related to.”Yet this poor Nepali villager not only gained entrance to one of the most prestigious schools in the United States — he was offered a full scholarship.Gautam believes organizations like the Peace Corps, which was instrumental to his own education, are important for improving the lives of people like him around the world.”The Peace Corps is a unique instrument that I think is perhaps underestimated in this country and elsewhere,” he says. “They are in many ways the true ambassadors of the U.S.””He has such a great voice for his country,” says Glenn Blumhorst, president and CEO of the National Peace Corps Association. This year, Gautam was honored with the organization’s Harris Wofford Global Citizen Award.”He has the ability to connect with a village elder or a small child in his village, somebody who’s from very humble background, to diplomats and heads of state,” Blumhorst says. “That’s really impressive.”Hard work, good luckWhen he tells his story, Gautam is sure to emphasize his good luck along with his hard work and determination. But he also clearly has a faculty for winning people over.When he speaks of the government official who eventually helped him get a passport, he tugs on his ear just like the official did five decades ago — an impromptu sign for “Listen, here’s the way we have to do this,” a code between two villagers of how they’d work within the system to conquer it.At UNICEF, where he eventually became deputy executive director, Gautam was part of the push to vaccinate 80 percent of the world’s children by 1990 — an enormously ambitious and ultimately successful campaign.In addition to vaccines, UNICEF encouraged health workers to monitor children’s growth and introduced oral rehydration therapy to combat diarrhea and dehydration — a major killer of children.To encourage breastfeeding in places where unclean water caused many infections, like Brazil, Gautam enlisted the mother of soccer superstar Pelé.”Of course, he is the best football player in the world,” Pelé’s mother said, patting the shoulder of her son in an image that was plastered on billboards around the country. “I breastfed him!”All of these improvements have had a massive impact. But to reach the remaining children in need, Gautam says, global health and development workers must take a multi-pronged approach.”You do whatever you can do. It’s not one versus the other,” he says. “We vaccinate people, we also work on poverty reduction, we also work on girls’ education, we work on multiple fronts.”That last issue — girls’ education — is particularly important to Gautam.”Of the investments you can make in development,” he says, “probably the most important, and the most transformative, is in girls’ education.”It’s important not just because it changes each girl’s life, Gautam explains, but also because those changes ripple throughout the whole family and into the community. Education helps halt the cycle of poverty that often traps generations of families.”Ultimately, the best vaccine is reducing poverty and providing education,” he says.Gautam retired from the U.N. in 2008. He now serves as chair of the board of RESULTS, a nonprofit focused on eradicating poverty. He is optimistic about the progress the world has made battling preventable diseases and improving the well-being of millions around the globe. But, he points out, newer — and more complicated — problems arise as old ones are solved.For instance, when he was growing up, his village had no school. About 95 percent of men and 100 percent of women were illiterate. It was rare for a woman to receive any education, he says.Today, there are five primary schools in his village alone. And more girls than boys attend the public schools in his village, Gautam says.But for this longtime activist, access alone isn’t enough. “You see this new form of inequality coming — a subtle discrimination,” he says. More girls may attend public schools, but more boys attend higher-quality private schools, he believes. The girls have equal access to education, but not to equal quality, he says.”If the biggest challenge in development of the 20th century was access to basic services, the biggest challenge of this century is equity,” he says. “How do we make sure that everybody has access, [and] that access is equitable?”Melody Schreiber (@m_scribe on Twitter) is a freelance journalist in Washington, D.C. Copyright 2018 NPR. To see more, visit http://www.npr.org/.