About the authorPaul VegasShare the loveHave your say Chelsea boss Sarri: Leicester rattled us into mental confusionby Paul Vegas10 months agoSend to a friendShare the loveChelsea boss Maurizio Sarri was furious with his players after their shock defeat at home to Leicester City.Jamie Vardy’s 51st-minute goal at Stamford Bridge was enough to secure a morale-boosting victory for under-fire Leicester manager Claude Puel.”I think we played very well for 55 minutes, we played very good football,” Sarri told reporters after the 1-0 loss.”After the goal the reaction was, for me, a strange reaction, not in the right direction, not as a team but as 11 different players and so it was very strange.”I think we could have done better in the reaction. We only had to continue to play as in the first part of the match, there was time to score without a reaction as a team shocked, as a team in mental confusion.”
USA TodayAfter a two week hiatus, the Duke Blue Devils are back in the Top 25 after dropping out of the polls for the first time in eight years on February 1. Duke has been playing better as of late, and secured a massive win over then-No. 7 Virginia on Saturday thanks to a controversial buzzer beater by Grayson Allen, launching them back into the two Top 25 polls.Here’s the far baseline view of Grayson Allen’s shot pic.twitter.com/I0vb4BQTc3— The Cauldron (@TheCauldron) February 13, 2016At the top of the polls, Villanova hangs on at No. 1 for the second straight week after comfortable wins at DePaul and vs. St. John’s. The Wildcats may not be an overwhelming No. 1, but with their only losses coming to Oklahoma, Virginia, and in overtime to Providence, they are consistent in a year that’s been anything but for the college basketball world.Here is the full AP Top 25:1. Villanova 2. Kansas 3. Oklahoma4. Iowa 5. North Carolina 6. Maryland 7. Virginia T-8. Xavier T-8. Michigan State 10. West Virginia11. Miami (FL) 12. Arizona13. Iowa State 14. Kentucky 15. Dayton 16. Oregon 17. Purdue 18. Louisville 19. Notre Dame20. Duke 21. SMU 22. Indiana23. Providence 24. Texas25. BaylorHere is the USA Today Coaches’ Poll:1. Villanova 2. Kansas 3. Oklahoma4. North Carolina 5. Maryland 6. Iowa 7. Xavier 8. Virginia 9. Michigan State 10. Miami (FL)11. West Virginia12. Arizona13. Dayton 14. Kentucky 15. Iowa State16. Purdue 17. Oregon 18. Notre Dame 19. Duke 20. Providence 21. Indiana22. Baylor23. South Carolina24. Texas A&M25. Texas
An exhibition titled Likhiya, showcasing rare artworks of the Mithila painting tradition will be held at the Indira Gandhi Natinal Centre of the Arts (IGNCA), Twin Art Gallery, New Delhi, from September 6 – 22, 11 am – 7 pm.In Mithila, painting is writing and is called Likhiya, from where the exhibition gets the title. The mythological origin of Mithila paintings date back to the time of the Ramayana, where Mithila nagari was decorated with wall paintings for the wedding of Princess Sita to Lord Rama. This painting style is one of the oldest traditions evolved, practised, and preserved by women, and passed on orally from one generation to another. Also Read – An income drop can harm brainWomen in the villages of Bihar, with remarkable skills, have been painting walls in form of bhitti-chitras and floors in form of aripan for centuries. All the rituals, paintings and songs developed when group of women from the villages sat together to paint walls for a wedding, sacred thread ceremony and other local festivals. Mithila painting has always been a group activity which involved women of all ages: the oldest ahibati would put a dot in centre of the wall, middle-aged women would make a sketch and the younger generation would fill the forms. Also Read – Shallu Jindal honoured with Mahatma AwardThere are three styles of Mithila paintings namely, Bharni or coloured paintings, practised by Brahmin women, Kachni or line paintings, practised by Kayastha women, Goidana (tattoo) paintings, practised by Dalit women. Today, all the three styles have merged; the Likhiya exhibition comprises all these three styles. IGNCA has been exploring the creative world of women and their contribution in the making of Indian civilization through various programmes and research projects, field studies and documentation. The IGNCA, between the years 2006-2011, initiated several projects documenting the oral traditions of women of Mithila. While some of these projects were brain child of Professor Madhu Khanna, the then Head of Narivada Programme at the IGNCA, the other two projects documenting the living traditions of the Ramayana and Mahabharata were carried out at the Janapada Sampada Division, IGNCA, with Professor Molly Kaushal as the Principal Investigator and Project Head. Under these projects, the Kala aur Katha workshop brought together sixty women artists from different villages of Bihar on the occasion of Madhushravani Parva. The festival was documented along with its fifteen narratives, songs and rituals associated with the festival, and at the same time these were visually created on canvas in the form of large Mithila paintings for the first time ever. The workshop Gunavati Nari celebrated feminine power, produced paintings of women characters, both mythological and historical. The workshop on Rishikas depicted Vedic deities and women scholars such as Vac, Apala, Indrani and Shradhha. The Mithila Ramayan workshop was called Sitayan in which the ten scrolls were painted from the perspectives of women of Mithila. The Sitayan scrolls depict wedding rituals and Kohbar images in details. Along with it, fifty women artists from different villages of Bihar, painted episodes from Mahabharata, popular in the Mithila region. The Likhiya exhibition displaying rare and unique artworks from the archives of the Janapada Sampada Division, IGNCA, and personal collection of Madhubani artist Manisha Jha is divided into six parts. The first section starts with the artworks of the Mithila painting artists from late 50’s to 80’s era, and depicts the journey of the younger generation of artists as well. The rest five sections display selected Mithila paintings from the above-mentioned workshops held at the IGNCA, where the oldest participant was of seventy-five years, while the youngest was eighteen year old. These workshops produced paintings which were of 22′ by 7′ size, which is a remarkable achievement in itself. The exhibition displays artworks of five Padma Shri Mithila painting artists – Jagdumba Devi, Mahasundari Devi, Sita Devi, Godavari Dutt and Baua Devi, and several National Awardees artists such as Manisha Jha, Leela Dutt, Urmila Devi, Jamuna Devi, Bharti Dayal, Ambika Devi and several others. Interviews of the women Mithila artists would also be shown at the exhibition, adding a unique dimension to it. A unique installation of the Madhushravani aripan will be installed at the exhibition, along with live demonstration of Mithila painting by artists. A catalogue with detailed information about the journey of the Mithila art along with images will be accessible at the exhibition through sale.
VICTORIA, B.C. – The company that owns the natural gas pipeline that ruptured and burned earlier this month in central British Columbia says repairs should be complete by the middle of November.Enbridge says in a statement that work to fix the 91-centimetre pipeline is underway, and subject to regulatory approval, it should be back in service in November under reduced pressure.The pipeline ruptured on Oct. 9 at a rural location about 15 kilometres northeast of Prince George, causing an explosion and huge fireball. There were no injuries and the RCMP said it did not suspect criminal activity, but the cause of the blast has yet to be determined.Enbridge says a second pipeline near the blast site was not damaged and it has been used to transport natural gas to southern B.C., on a reduced basis.FortisBC, the utility supplying natural gas to about one million B.C. customers, says residential, industrial and institutional gas users should continue with conservation efforts.Investigators from the Transportation Safety Board and the National Energy Board continue to investigate the incident.
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.
A few days ago a global study projected that cancers are expected to rise from 17 million to 26 million between 2018 and 2040 and a large proportion of those patients are likely to use chemotherapy. Treatments such as chemotherapy sometimes fail because the deadliest cancer cells adapt and survive, causing the patient to relapse. Thus, the ability of cancer cells to adapt, evolve and become drug resistant is the cause of the vast majority of deaths from the disease and the biggest challenge we face in fighting it. Also Read – Hijacking Bapu’s legacyThe good news is that the world’s first ‘Darwinian’ cancer drug programme may soon see the light of day. Developed by the Institute of Cancer Research (ICR), it is specially designed to tackle cancer’s lethal ability to evolve resistance to treatment and is to be launched in a £75 million state-of-the-art global centre of expertise in anti-evolution therapies in London. Scientists aim to harness evolutionary science within a new Centre for Cancer Drug Discovery to ‘herd’ cancers with anti-evolution drugs and combinations. They believe this new approach can deliver long-term control and effective cures, just as comparable approaches have with HIV. Also Read – The future is here!More cancer patients are living longer and with fewer side effects, but “unfortunately, cancer can become resistant very quickly to new drugs—and this is the greatest challenge we face”, says Olivia Rossanese, the newly appointed head of biology in the Centre for Cancer Drug Discovery. So, this programme focuses on meeting the challenge of cancer evolution and drug resistance through completely new ways of attacking the disease. The researchers at ICR have shown that it is possible to use artificial intelligence (AI) and advanced maths to forecast how cancers will react when treated with a particular drug. By selecting an initial drug treatment they have found they can force cancer cells to adapt in a way that makes them highly susceptible to a second drug or pushes them into an evolutionary dead end. The sequential use of cancer drugs would herd cancer cells which would either eradicate the disease or turn incurable disease into a manageable chronic condition. The ICR is also creating drugs to target cancers’ ability to evolve and become resistant to treatment. These drugs are being designed to stop the action of a molecule called APOBEC to reduce the rate of mutation in cancer cells, slow down evolution and delay resistance. Christine O’Connell, 46, from south west London, who was diagnosed with secondary breast cancer in February 2018 says that. “Treatingcancer as a chronic condition that can be managed on a long-term basis may seem a modest ambition compared to efforts to cure it entirely, but for patients like myself this would be a significant victory.”(The author is Information Manager, Environment Resource Unit, Centre for Science and Environment, New Delhi. Views expressed are strictly personal)
7Roy HibbertDEN184.108.40.206.3 LEAST DEFENSIVE PLAYERAndrew Wiggins, Minnesota TimberwolvesThanks to a draft-day trade, Tom Thibodeau is reunited with defensive stopper Jimmy Butler, and not a moment too soon. Butler will be joining forces with the single most catastrophic defender in the league: Andrew Wiggins.Using the NBA’s player-tracking data to look at shots defended and how those shots turned out,1These values are based on shot location, defender location and other variables. The “expected” value is based on what a shooter would make against an average defender given shot distance and the time on the shot clock, and the net value displayed is the difference between that expectation and the result that the defender allowed. we can see who’s making a positive impact, who’s making a negative impact, and who’s making the most impact. WORST LINEUPLos Angeles Lakers’ youth On the one hand, it’s frustrating that the Lakers have to sell off their best young players in order to get out from under contracts that were bad news from the moment they were signed. On the other hand, hoo boy, those young players really, really didn’t play well when they were all on the court together.D’Angelo Russell, Jordan Clarkson, Julius Randle, Brandon Ingram and Larry Nance, Jr. played 108 minutes across 20 games this season — not a huge sample, but not quite nothing, either. By pure net rating, they were the second worst lineup in the league (-28.3 points per 100 possessions), trailing an especially grim configuration of Sacramento Kings. But it’s not so much the margin that was demoralizing about the group as it was the humiliating way in which it was run up.Out of 103 non-free-throw scoring plays against this Lakers’ lineup, 24 were dunks. (For comparison’s sake, the league-average team would figure to allow 10.3 dunks for every 103 buckets.) Not mere layups, not simple wide-open shots — dunks! A quarter of all points from the floor scored on the Lakers’ Team Of The Future were on dunks, as though the goal of the defense was to corral the opposing team into the most efficient route possible on the way to the rim. MOST OVER-AMBITIOUS DUNKERMarquese Chriss, Phoenix SunsThe missed dunk is one of the more universal plays in basketball. In a split-second, it has a neat little narrative arc: the audacity to leap in defiance of gravity and the instant comeuppance. Some players experience this more than others. Marquese Chriss experiences it more than anyone.Chriss missed 26 dunks this season, four more than second-place DeAndre Jordan … on 146 fewer attempts. Chriss’s 79.8 shooting percentage on dunks is the worst mark Basketball Reference has on record for any player who tried at least 100 dunks in a season.Not all missed dunks are of equal difficulty, of course. Dwyane Wade getting stuffed by the bottom of the rim in a playoff game is not the same as Chriss blowing in-traffic NBA Jam dunks. But there’s a certain charm to Chriss’s misses, like he knows they aren’t “all worth two points” and he’s determined to collect the difference, even at the cost of the two points. Tonight at New York’s Pier 36, the NBA will host its first annual awards show, heaping praise on the best and most outstanding players of the season. We are here today to do the opposite. MOST OVER-AMBITIOUS SHOOTERMarcus Smart, Boston CelticsAt a certain point, you just have to admire the confidence.Marcus Smart was not the worst 3-point shooter in the league this season. But he was the worst 3-point shooter who routinely took a lot of threes. Smart took 4.2 3-pointers per game in 2016-17 and made 28.3 percent of them. Only two players in the 3-point era have taken four or more 3-pointers per game and shot a worse percentage than Smart did this season: Mookie Blaylock in 1997-98 and Latrell Sprewell in 1994-95. And it’s not like Smart was launching nothing but bad shots, either — 3.1 of his 3s per game came on spot-ups, which are usually high-quality looks. But Smart shot 31.2 percent on those.Smart contributes in other ways — mainly through being Point Guard Ben Wallace — and his shooting percentage did, briefly, see an uptick in the playoffs. That’s enough to make him useful, at least on a team that gets stomped by the Cavs. 1Jakob PoeltlTOR220.127.116.114.8 10Willie ReedMIA18.104.22.1689.1 9Omer AsikNOP22.214.171.1248.5 PLAYERTEAMMIN. PER GAMEPTS. PER GAMEOFFENSIVE REBOUNDSTOUCHES PER 36 MIN. 3Salah MejriDAL126.96.36.1997.0 Possession by possession, there are a few defenders who are as bad as Wiggins. When Wiggins contests a shot, opponents have a 56.1 effective field goal percentage; when they are unguarded, they have a 56.4 eFG percentage. Fundamentally, getting a shot up against Andrew Wiggins is the same as getting an open shot.Wiggins’s deficiencies are too many to list quickly, but at root the issue seems to be basic effort. He barely jumps to contest shots, doesn’t run hard to close out, and gets lost watching the ball.But the truly destructive part of Wiggins’s defense is how much of it there was. In the way that defenders like Draymond Green or an in-his-prime Tony Allen seem to be in all places at all times, challenging seemingly every shot on the floor, Wiggins is omnipresent in his awfulness. He defended the 10th most shots in the league, by far the most by a below-average defender. Most teams do their best to hide their weak defenders, but opponents seek Wiggins out like no other defender in the league. Unsurprisingly, the list of players who don’t see much of the ball fit a profile: big men who are on the floor for defense and rebounding, not scoring. Strictly speaking, Jakob Poeltl and Lucas Nogueira see the least of the ball on a per possession basis, which is probably to be expected on a team with DeMar DeRozan and Kyle Lowry. But a little ways down the list is another name, and a bigger number: Tristan Thompson played 30 minutes per game for the Cleveland Cavaliers, but was passed the ball just 14.6 times per game and 17.5 times per 36 minutes.Thompson isn’t as offensively bereft as many of the other players on the list this season or in seasons past. He has good instincts in pick-and-roll and finds space off the ball (or at least, puts himself in positions where LeBron James can find him). But he also has by far the smallest offensive role on the team. Kevin Love, who has seen his role reduced drastically from his superstar days in Minnesota, got 37.8 touches per 36 minutes. James got 66.8; Irving got 67.2; even Iman Shumpert, who cannot dribble, pass or shoot, got 30.1. Richard Jefferson, who was drafted when Thompson was 10 years old, got 26.8.Like Marcus Smart, Thompson has other skills that are important to the Cavaliers. They trust him with important responsibilities. Just not with the basketball. 2Lucas NogueiraTOR19.04.41.416.7 4Noah VonlehPOR188.8.131.527.5 Source: nba.com LEAST OFFENSIVE PLAYERTristan Thompson, Cleveland CavaliersThe player to whom no one passes the basketball is a typically a well-earned title, and one held by the inimitable Bismack Biyombo for the last few years. This season, however, Biyombo’s offensive role has, erm, flourished. He averaged a robust six points per game for the Orlando Magic after posting the highest usage rate of his career, at 13.2. But with Bismack abdicating the throne, who is the least passed-to man in the league?Finding players to whom no one passes is easy thanks to the NBA’s player tracking data. Take the number of “front court touches” (that is, the number of times a player touches the ball on the offensive end of the floor) and subtract the number of offensive rebounds he collected, and you’ve got something close to the number of times he was passed the ball. 8Miles PlumleeCHA10.82.50.818.3 5Tristan ThompsonCLE30.08.13.717.5 6Ed DavisPOR184.108.40.206.0 WORST SINGLE GAMEJamal Crawford, Los Angeles ClippersIn a lot of ways, 36-year-old Jamal Crawford is miraculous. In his 17th season, Crawford played 26.3 minutes per game and averaged 12.3 points on 52.6 percent true shooting, just a hair under his career mark. But on the nights he doesn’t have it, he really doesn’t have it.On January 8, Crawford played the single worst game of the season by any NBA player. In a home win against the Miami Heat, Crawford put in 31 minutes and went 1-for-12 on 2-point shots (0-for-4 from three) while collecting one rebound, one assist and two turnovers. He came out of the game with a break-even plus-minus, though any success the Clippers had was mainly due to a great game from Chris Paul (19 points, 18 assists, 1 turnover) and Heat players Dion Waiters, Rodney McGruder, Wayne Ellington and Willie Reed going a combined 7-for-32. The players no one passed toNBA players with the fewest touches per 36 minutes, 2016-17 WORST USE OF TIMEOUTSLos Angeles ClippersFor the most part, teams know that defenses play better coming out of timeouts than offenses. There’s no cross-matching to worry about, and no early-shot-clock semi-transition rush job to stamp out. Every time an offense called a timeout in 2016-17, the ensuing play was worth about 3.5 points per 100 plays for the defense compared to typical halfcourt offense. So the offense generally needs to cram enough value into that time to make it an even proposition — advancing the ball late in the game, or subbing in shooters, or trying to take the air out of a run. For some teams that’s possible. For a team that digs as deep a hole as the Clippers, good luck.The Clippers got 10 points worse per 100 plays every time they called a timeout. This is confusing, because the Clippers had one of the best halfcourt offenses in the league, ranking fourth at 98.6 points per 100 plays. But after timeouts, that rate shrunk to 88.7. It’s not just a matter of inferior bench players coming in after the timeout, either: Chris Paul and Blake Griffin, both excellent halfcourt players, fall off significantly after timeouts. Paul’s typical halfcourt offense is good for 101.2 points per 100 plays; he falls to 87.7 after timeouts. Griffin’s falls from 96.6 to 84.7.After timeout stats tend to be noisy, and in 2015-16 the Clippers were one of the better teams in the league in those scenarios. But in 2016-17, no team lost more steam during breaks than the Clips.
Manchester United have reportedly entered the race to sign West Brom captain Jonny Evans at the end of the season, claim The SunJose Mourinho is currently in need of a new centre-back for this summer’s transfer window and has reportedly become interested in the prospect of taking Evans back to Old Trafford.The Northern Ireland international had been strongly linked with moves to both Manchester City and Arsenal during the January transfer window before City signed Aymeric Laporte from Athletico Bilbao and the Gunners decided to not pursue their interest any further.Maguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…Currently, West Brom is at the bottom of the Premier League standings and look set to be relegated, which will allow Evans to leave the club at the end of the season for as little as £4m due to a clause in his contract.The Baggies must beat Newcastle this weekend to stand any chance of continuing their bid for survival with the club eight points outside the safety zone with only three games remaining.
The Spanish manager believes his team can still be saved this season, despite losing 2-1 against Chelsea and slipping into the bottom three of the Premier.After losing 2-1 against Chelsea in yesterday’s fixture of the English Premier League, Newcastle United fell into the 18th position.The Magpies have now only 4 wins, six draws, and 12 defeats so far in the 2018-2019 season.And are just 7 points ahead of the EPL’s last club Huddersfield Town.But Newcastle manager Rafa Benitez is still hopeful his team can be saved.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…“What I can see is that we have to stay calm,” he said to The Chronicle.“Next week will be massive against Cardiff but we still have to win more games than that.”“We have to do well in the rest of the season,” he explained.“I have confidence in the team and if we continue working like today we will have chances to get points against teams that will be closer to us.”
Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#magneticmedianews, #Nottage, #PerryChristie, #PoliceOvertime Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, July 4th 2017 – Nassau – Former Prime Minister Perry Christie has revealed that he was at odds with the late Dr. Bernard Nottage, former Minister of National Security over the issue of overpay owed to police officers.According to Christie, Nottage believed that police officers chose to not support the PLP during the elections, because the government lacked to pay them their overtime owed. Christie also admitted that when the Supreme Court Justice Milton Evan ruled the government either pay the outstanding overtime or give officers the equivalent in time off back in 2015, Nottage had to fight him to have the officers paid. Christie was leaning towards the idea of time off for the officers but Nottage fought back saying no.Christie also revealed that Dr. Nottage had planned to announce the overtime to finally be paid to officers at the PLP rally at R.M Baily Park in April, however he fell sick while on stage.Christie also said that Nottage was always very supportive of the force and fought hard for the compensation they have now received. Dr. Nottage passed away at Cleveland Clinic in Florida last week.Story By: Kay-Marie Fletcher#MagneticMediaNews Police Officers finally receive Overtime.
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.
Share Twitter User @LA_BroadusTexans player JJ Watt has a tibial plateau fracture and will miss the rest of the season.J.J. Watt broke his left leg on Sunday night against the Kansas City Chiefs, leaving the Houston Texans without one of their biggest stars for the second straight season. The team announced that he sustained a tibial plateau fracture. The three-time Defensive Player of the Year returned this season after missing the last 13 games of last season after his second back surgery. He played every game in his first five seasons in the NFL before his injury last year. “I feel terrible for the guy,” O’Brien said. “But … just knowing him and knowing the type of guy that he is, he’s an amazing human being. And he will work extremely hard to be back to play for this football team. I know that.” Houston linebacker Whitney Mercilus was also injured in the first quarter and was ruled out with a chest injury. O’Brien said he was concerned about his injury, but did not provide any further details on it after the game. Veteran cornerback Johnathan Joseph said it was difficult to see two key members of the defense go down on the same drive. “You think about it because obviously you’re human and you feel for the guy and it’s obviously a loss and it makes you do different things on defense,” he said. “But at the end of the day you’ve got to continue to play. It’s got to be the next guy up mentality you’ve got to always have … I’m not saying we’re going to replace J.J.’s level of play but the next guy’s got to step in and pick it up.” Watt was injured while being blocked midway through the first quarter and fell to the ground. The defensive end remained on his hands and knees for a couple of minutes while trainers checked on him. They flipped him onto his back and were looking at his left leg. He was then helped to his feet and looked to be in a lot of pain and didn’t appear to be able to put any weight on the leg as he was helped off the field by two Texans officials. He remained on the sideline under a tent for a few minutes before being taken to the locker room on a cart. About 30 minutes later, television footage showed Watt walking on crutches to an ambulance before sitting on a stretcher, being moved into the ambulance and taken away. The 28-year-old Watt had 15 tackles this season, but didn’t get a sack in five games. He had 1 ½ sacks last season, after leading the NFL with 17 ½ sacks in 2015 and finishing second in 2014 with 20 ½. The Texans know that it’s a big blow to lose a player of his caliber again, but they have to figure out a way to move on like they did last year when the defense allowed the fewest yards in the NFL despite his absence. “He’s a big piece, but … you’ve still got to step up and play,” nose tackle D.J. Reader said. “Somebody’s got to go out there and play. Nobody feels sorry for you. The other 31 teams in the league don’t feel sorry for you.”
While Facebook will use some of Instagram’s features in its existing products, founder Mark Zuckerberg says in a post that the Instagram team will be joining the social network and Facebook will grow Instagram independently.A request for comment from Systrom and fellow co-founder Mike Krieger was not immediately returned.Meanwhile, Facebook is poised to go public sometime this year with a valuation of roughly $100 billion. min read Instagram founders Mike Krieger (left) and Kevin Systrom.The co-founders of Instagram have agreed to sell the popular photo sharing app to social network giant Facebook. The sale price could be around $1 billion, according to reports.Not bad for a coupla years’ work. Released in 2010, Instagram has seen its user base skyrocket from 1 million users in January 2011 to around 30 million today. Instagram had raised about $47.5 million in venture funding from groups including Andreessen Horowitz as well as individual investors such as Twitter’s Jack Dorsey.On Instagram’s blog, co-founder Kevin Systrom says the Instagram app is not going away and that the company’s 12-person San Francisco-based team will work with Facebook to continue to “evolve Instagram and build the network.” Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Register Now » Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. April 9, 2012
(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/.
Register Now » Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. Travel 94shares Have a question about what you can bring with you on the plane this holiday season? @AskTSA has some suggestions. Image credit: Shutterstock Add to Queue This year, AAA is predicting that 50.9 million Americans will travel 50 miles or more away from home for Thanksgiving, a 3.3 percent — in the form of 1.6 million people — increase from last year.The holiday travel season is particularly stressful gauntlet that the majority of us have to run every November and December, but there are tools to help simplify things — like the Transportation Security Administration’s @AskTSA Twitter account, which offers travel tips to make going through security as painless as possible.For a quick-hit of 10 holiday-related items TSA says you can and cannot bring with you on your travels, read on.Related: Why the TSA — Yes, the One at the Airport — Is Actually Amazing at Instagram1. Don’t bring wrapped presents.@VeevsVT Wrapped gifts are allowed but not encouraged, as they may need to be unwrapped if further inspection is required.— AskTSA (@AskTSA) November 5, 20172. You can, in fact, bring a turkey. We’re glad you asked! Turkeys are allowed through the security checkpoint.— AskTSA (@AskTSA) November 20, 20173. Pies are also good to go. Thanks for checking. Pies are allowed through the security checkpoint. Enjoy!— AskTSA (@AskTSA) November 20, 20174. Strollers are allowed through, just be sure to plan ahead.A stroller is allowed through the security checkpoint. Pls collapse the item and send it into the X-ray for screening. If the item doesn’t fit inside the tunnel, a physical inspection from our officers will be necessary.— AskTSA (@AskTSA) November 20, 20175. In case you’re planning to dress in a Turkey or Santa Claus costume. Costumes are allowed in carry-on bags. Have a great day!— AskTSA (@AskTSA) November 20, 2017Related: Here Are Some of the Weirdest Things Confiscated at the Airport6. If you’re bringing leftovers back, just make sure they are frozen solid. Good question! Freezer packs, used to keep food cold, must be completely frozen solid when presented for screening.— AskTSA (@AskTSA) November 19, 20177. If you want to commemorate the occasion with help from a selfie stick. Thanks for reaching out! A selfie stick is good to go in carry-on bags.— AskTSA (@AskTSA) November 19, 20178. In case your pet is a member of your family.Thanks for reaching out, Carrie! Small pets are allowed through the security checkpoint, although we advise checking with your airline for their policy. Pls read for more information on traveling w/ pets: https://t.co/QJAD57ubtt— AskTSA (@AskTSA) November 19, 20179. If you want to take a minute away from family togetherness with some video games.Thanks for asking, Taylor. Yes, game consoles are allowed in carry-on bags. Please place this item in a separate bin for X-ray screening. Safe travels!— AskTSA (@AskTSA) November 20, 201710. Lobster stuffing, anyone? TSA says okay.Live lobsters are allowed through security and must be in a clear, plastic, spill proof container. Our officers will visually inspect it at the checkpoint; it should not go through the X-ray machine. Pls contact your airline regarding their policy.— AskTSA (@AskTSA) November 19, 2017Related video: Entrepreneur Elevator Pitch Ep. 9: Simplifying Your Daily Routine Nina Zipkin Free Webinar | July 31: Secrets to Running a Successful Family Business 10 TSA-Approved Travel Tips to Make Your Holiday Travel Easier Entrepreneur Staff November 21, 2017 3 min read Staff Writer. Covers leadership, media, technology and culture.
Rising Focus by Businesses to Increase Customer Satisfaction and Optimize Supply Chain Will Significantly Propel the Growth of Enterprise Software Market: IndustryARC PRNewswireJune 24, 2019, 8:26 pmJune 24, 2019 Enterprise software is witnessing huge demand from across a spectrum of applications like enterprise content management (ECM), IT service management (ISM), customer relationship management (CRM), enterprise resource planning (ERP), and business intelligence. Adoption of these Enterprise software increases efficiency and accelerates the overall productivity of an organization; thus, witnessing driving adoption of Enterprise software. The ERP enterprise software segment is projected to grow at a CAGR of 7.53% during forecast period 2019-2025 driven by retail segment in particular. The marketing and CRM segment of the enterprise software market is witnessing high demand and it is expected to grow at a CAGR of 7.21%. Small organizations are largely integrating cloud-based technology into their businesses to lower upfront costs and access business-critical applications conveniently. Companies are widely adopting cloud-based enterprise software to scale up the businesses with minimum CAPEX investment. By 2019, approximately 75-80% of enterprises will deploy at least one enterprise computing application on the cloud. IT spending on enterprise software was increased at a rate of 9% during 2017-18, where most of these spending were specific to cloud-based enterprise technology.According to the US Small Business Administration, there are 30.2 billion small and medium sized businesses in the country, many of whom use enterprise software to reduce costs and complexity involved in internal technological systems. In 2019, the U.S. holds more than 60% of global cloud spending. The large presence of hyper scale data centers in the U.S. is the key factor to hold dominant market share for cloud-based technology. This leads to rising demand for cloud-based enterprise software in the U.S. and hence, the region contributes nearly 25% market share in the global enterprise software market.Marketing Technology News: P&G’s Marc Pritchard and Brand Leaders from Taco Bell and LEGO Take on the Future of Advertising, Platforms and Purpose at Wake up with the EconomistTo access / purchase the full report browse the link belowThe enterprise software market is poised to grow at a rapid pace owing to wide range of applications in supply chain and maintaining customer relationship. The global supply chain management market grew by 13.9% in 2017 and reached $12.2 Billion. Organizations are adopting cloud-based Supply Chain Management (SCM) solutions to enable new digitally-based business models to optimize their supply chain, reduce operation cost and increase profitability at rapid pace. Cloud-based SCM applications are designed to flex and scale according to the needs of globally distributed supplier networks, thus enabling organizations to be more responsive to market demands. The growth in these supply chain management Enterprise Software is driving the total Enterprise Software Market is forecast to reach $545m by 2025 and is estimated to grow at a CAGR of 6.15% during the forecast period 2019-2025.Enterprise Software Market Growth Drivers:Rise in the need for good customer experience: Enterprise software helps in easing the customer relationship management processes, which enhances the customer experience and increases customer retention rate. According to the annual report by Facebook Inc., monthly active users (MAUs) of Facebook were 2.32 billion in December 31, 2018, an increase of 9% year-over-year and also the company recorded 37% increase in revenue during 2017-2018 showcasing the prolific rise in social media websites. The rise in digitization and emergence of social media marketing platforms have increased the need for enterprise software in recording and managing huge amounts of customer data for businesses. Moreover, for businesses, enterprise software eases the creation of personalized marketing content for customers.Emergence of E-Commerce across Sectors: E-commerce websites minimize the lead time, and establish direct business relationship with end customers across various sectors. According to the report published by Walmart, the Flipkart group is showing a significant growth, with its growth merchandise value increasing by 12 times from 2014 to 2018, reaching $7.5 Billion. Organizations require customized enterprise software to manage and analyze customer data, which further widens the scope for opportunities in the global enterprise software market.Marketing Technology News: Will Salesforce Customer 360 Arrival Push CRMs and DMPs Out of Equation in 2020?Get a quote of Enterprise Software Market Report from one of our sales representativesR&D Investment and Initiative, Funding:In 2018, Cohesity, a hyperconverged secondary storage company, announced that it had raised $250m in an oversubscribed Series D funding round led by the SoftBank Vision Fund with strong participation from strategic investors like Cisco Investments, Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with Sequoia Capital and others. This investment is anticipated to increase the enterprise software development activities towards achieving increased operational efficiency and cost reduction, which in turn will drive revenue growth for end users. Additionally, there has been a significant growth in R&D investments into enterprise software in the European region. For instance, in 2018, Dassault Systèmes SE recorded a total expenditure of $337.72m into R&D, which corresponds to 24.6% of their software revenue. This is anticipated to continue in the future, increasing the likeliness of development of effective enterprise software products which can store, analyze, and visualize large amount of data faster and more securely.The Major Players in this Market Include:The major players in this market are SAP AG, Oracle Corporation, Microsoft Corporation, Infor Inc., Kronos Incorporated and IBM Corporation. These companies have been continuously focusing on R&D for enterprise software, both towards addressing security concerns and integration of cloud services for quick processing and analysis of data.In 2018, IBM Corporation partnered with Salesforce in order to integrate their artificial intelligence (AI) platform and deliver an enhanced customer service experience. Salesforce’s in-house AI platform called Einstein and IBM’s cognitive computing technology platform Watson will collaborate to deliver AI-driven recommendations for future actions by companies.Marketing Technology News: WebEngage Partners with Kenscio’s Email Management Solution crmEnterprise Content managementEnterprise softwareERPIT service managementMarketing Technology NewsNews Previous ArticleHOOQ Streams Live and On-Demand Video Content on Brightcove Video PlatformNext ArticleHow to Increase Your Productivity with Proper Time Management?
Alibaba revenue jumps ahead of shopping bonanza Singles Day Besides expanding overseas, the e-commerce giant continues to invest in China in what it calls “new retail”, which optimises in-store sales and service using data culled online.Hema, a grocery store launched by Alibaba in 2015 and one of the “new retail” flagships, allows customers to shop and dine in-store as well as order groceries online.”I think you have to understand Alibaba and what Alibaba is doing in the context of the long-term secular trend that’s developing in China, which is the rise of the Chinese middle class,” Alibaba Executive Vice Chairman Joe Tsai said at a Singles Day gala.”That trend is not going to stop, trade war or no trade war.” 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. The world’s biggest 24-hour shopping event, celebrating its tenth year, kicked off early Sunday and once again shattered its own sales mark as Chinese online buyers seized on promotions to snap up everything from electronics to clothing and housewares.Sales rose 27 percent, compared with 39 percent last year.Although retail sales in China have been steady, the outlook is uncertain as the economy slows and concerns rise over the impact of the trade war with the United States.Alibaba’s share price, which doubled in 2017, is down 16 percent this year.Singles Day was originally set aside as an unofficial day for China’s unmarried, but Alibaba latched on to it a decade ago as a shopping promotion akin to the late-November US “Black Friday” retail crush.Capitalising on the growing addiction to one-click smartphone payments in China, it has proven a huge success.But Alibaba earlier this month lowered slightly its full-year revenue forecast, citing consumer uncertainty over the economic outlook.Company officials remained bullish on the future, however, as Alibaba pushes new initiatives. ‘Singles Day’ has become a huge annual shopping frenzy in China, similar to ‘Black Friday’ in the United States Alibaba CEO Daniel Zhang speaks in front of a screen showing total sales at over 213.5 billion yuan (30.7 billion USD) shortly after the end of the 11.11, or “Singles Day” shopping festival Explore further Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual “Singles Day” shopping frenzy, but growth slowed from previous years. Citation: Alibaba hits another ‘Singles Day’ record but growth slows (2018, November 12) retrieved 17 July 2019 from https://phys.org/news/2018-11-alibaba-singles-day-growth.html © 2018 AFP