New Visitors Center In Soldotna Inching Closer To A Reality

first_imgThe Soldotna Chamber is staffing up to launch a capital campaign to raise money to construct the new building. The Chamber will be meeting with the Soldotna City Council at 4:30 p.m., this evening to discuss the next step forward for the project. With more than 700,000 tourists passing through the Kenai Peninsula each year, the Soldotna Chamber of Commerce has outgrown the current visitor’s center. Soldotna Chamber of Commerce Executive Director Shanon Davis: “We are looking at what we can do with about a 10,000 square foot building. It would put us in a much better location. It would give us quite a bit more square footage than what we have now.” Facebook0TwitterEmailPrintFriendly分享Last updated on May 10th, 2018 at 09:19 amPhoto updated on 5/10 courtesy of Shannon Davis  Davis said the square shaped meeting room will be about the same size as the meeting space in the Sports Center, and would hold about 225 small conference attendees.center_img The Chamber has contracted with MRV Architects to design the building that will cost around $5.1 million to build. The location for the new visitors center is slated for the Davis Block property, a piece of riverfront property next to Soldotna Creek Park. The current Chamber of Commerce building is at the corner of the Sterling highway and K-Beach Road, and according to Davis doesn’t fit the needs of the organization.last_img read more

Enjoy The Wilmington Town Museums Summer Season

first_imgWILMINGTON, MA — Learn what’s happening at the Wilmington Town Museum (430 Salem Street) during its 2018 summer season.SUMMER LUNCH & GAMESFridays: July 13, July 20, July 27, August 3, August 10, noon to 2pmBring a picnic lunch to the Museum and enjoy old fashioned games like cup and ball, hoop roll, and ring toss. Free. Weather permitting.TOUR THE MUSEUMThursdays & Fridays in July & August, 10am to 2pmWhat was the original Harnden Tavern? Where is the legendary secret hiding space said to be used by runaway slaves? What was it like to live in this house 50, 100 or 200 years ago? What was Wilmington like then? Tour the Museum for a glimpse into the past — experience the house and Wilmington’s history.  Tours are also available by appointment.SUNDAY OPEN HOUSEJuly 8 & August 5, 2pm to 4pmA Wilmington tradition for 30 years! Visit the Town Museum on a relaxed Sunday afternoon — maybe you will see your neighbors there.(NOTE: The above information is from the Town Museum.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Town Museum Announces Summer Hours & ActivitiesIn “Community”Enjoy The Wilmington Town Museum’s Summer SeasonIn “Government”Enjoy The Wilmington Town Museum’s Summer Season — July 9 To August 7In “Community”last_img read more

Google reportedly scored tax breaks using secret shell companies

first_imgGoogle headquarters in Mountain View, California.  Stephen Shankland/CNET Google used shell companies and subsidiaries to hide its involvement in expansion plans that yielded millions of dollars in tax breaks, according to a report by The Washington Post on Friday, casting light on how tech companies cut deals with local governments. When the search giant planned to build a data center in Midlothian, Texas, Google used a subsidiary called Sharka LLC, The Post reported. Other subsidiaries Google set up for development projects include Jet Stream LLC and Questa LLC. Google also extensively uses non-disclosure agreements with officials, The Post said. In the case of the Texas data center, Google was seeking a decade of tax breaks, but Midlothian’s head of economic development was barred from disclosing Google’s involvement in the project, the report said. The size of deals between local governments and tech companies was thrust into the spotlight Thursday after Amazon dropped a bombshell announcement: It was no longer going forward with plans to build a massive second headquarters in New York City. The withdrawal followed intense opposition from local politicians and union groups, fueled in part by the tax breaks the city gave the e-commerce giant.Deal-making is crucial for Google as it revs up expansion. Earlier this week, CEO Sundar Pichai said the search giant is investing $13 billion in data centers and offices around the country, mostly in the Midwest, East Coast and South. That includes new and expanded data centers in Ohio, Nebraska, Oklahoma, South Carolina and Texas. New and expanded office locations include sites in Virginia, Georgia and Chicago.In California, Google is building a giant campus in San Jose, about 15 miles from the company’s headquarters in Mountain View. The new San Jose outpost will be Google’s second-largest campus. Partnership for Working Families, which obtained the Google records and shared them with The Post, has sued the city of San Jose over its negotiations with Google. The advocacy group didn’t respond to a request for comment. A Google spokeswoman called its tactics “standard industry practices.” At the early stages of deals, companies often strive to keep negotiations quiet because they don’t want to tip off competitors or announce their plans prematurely. But some critics have pointed to the secrecy as detrimental to local communities, which sometimes can’t protest until it’s too late.”We believe public dialogue is vital to the process of building new sites and offices, so we actively engage with community members and elected officials in the places we call home,” the Google spokeswoman said in a statement. “Of course, when we enter new communities we use common industry practices and work with municipalities to follow their required procedures.”Still, tamping down concerns from local communities will be an ongoing battle for tech giants, as Silicon Valley faces more scrutiny than ever over its scale and influence. On Friday, Google tried to highlight some of the benefits of its expansion. The company said Google’s data centers create $1.3 billion in economic activity, $750 million in labor income, and 11,000 jobs throughout the US in a single year. Google Alphabet Inc. 4 Comments Tags Tech Industry Share your voicelast_img read more

BSE Sensex Falls for Third Straight Session

first_imgThe BSE Sensex fell yet again on Monday as the country’s financial sectors like banking have been hit. Earning worries also hit the technology stocks, leading to fall of stocks for a third straight session.When the BSE Sensex closed on Monday, the main 30-share BSE index fell 1.1 percent to 17,273.37 points, its lowest close since March 7. The 50-share Nifty index lost 1.1 percent to 5,257.05 points.The move of the Reserve Bank of India to keep the interest rates on hold and the release of the government’s fiscal 2012/13 budget affected the shares.State Bank of India lost 3.2 percent and Union Bank of India fell by more than 5 percent. Housing Development and Infrastructure lost 7.5 percent, Unitech lost 5.6 percent, Tata Consultancy Services lost 4.1 percent and real estate firms have been hit hard too.last_img read more

Syngenta turns down China Chemical corps 42 billion purchase offer Bloomberg

first_imgChina National Chemical Corp is in talks to buy Switzerland’s Syngenta AG but its initial offer of nearly $42 billion for the world’s largest agrichemical company was rejected, Bloomberg said on Thursday.State-owned ChemChina’s first offer valued the agricultural chemicals group at 449 Swiss francs per share, or 41.7 billion Swiss francs ($41.72 billion), according to Bloomberg.Citing unidentified sources, it said the rejection stemmed from regulatory concerns. The two companies have not broken off talks and an agreement could still be reached in the next few weeks, Bloomberg said.Syngenta, under pressure to offer value to shareholders after turning down a big offer from Monsanto Co earlier this year, is also talking to other potential suitors, according to Bloomberg.U.S.-listed shares of Syngenta were up 14% at $79.22 in extended trading on Thursday.Syngenta and ChemChina could not immediately be reached for comment.Syngenta rejected Monsanto’s cash plus stock offer in August. The offer was worth about $47 billion and Syngenta said it “significantly undervalued the company.”At the time, some shareholders expressed disappointment over the spurned deal and questioned the company’s ability to improve its financial fortunes in a slumping commodity market.To appease shareholders, Syngenta announced plans in September to buy back more than $2 billion of stock, funding the measure by selling its vegetable seeds business.last_img read more

Actor Shrinivas Kulkarni turns producer

first_imgShrinivas KulkarniPR HandoutBeing an actor is not an easy task but dedication and hard work always makes it worth. Not only acting but any creative work needs a lot of passion and dedication. Actor Shrinivas Kulkarni is one of the best examples of this dedication. A simple small town boy who has the degrees of M.B.A. and M.C.A. came to Mumbai and chased his dreams. First he becomes actor and then this self made actor turns producer. What? When ? How? Let’s take look at his journey.Shrinivas has worked in several films as an actor with plenty of well known actors. He has played prominent characters like Malji in film ‘Sawai Sarjachya Navana Changbhala’ along with leading star cast Sharad Ponkshe and Rahul Solapurkar.Later he did a film titled ‘Vartamaan’ where he played a character role as Suresh Patnayak along with other popular actors like Subodh Bhave, Tejaswini Pandit, Avtaar Gill, Kuldeep Pawar. In his other film ‘Hichyasathi Kay Pan’ he played a side role as Vikram (Mangesh Desai’s friend) but yet he managed to make his impression. In this film he worked with popular actors like Vijay Chavhan, Mangesh Desai, Bhargavi Chirmuley, Kushal Badrike, Nirmitee Sawant.He even has a popular play to his account titled ‘Gaav Bilandar Bai Kalandar’ with actors Raghvendra Kadkol and Jaimala Inamdar. He has produced a song titled ‘Mann He Wede’ which was sung by Hindi singer Anvesha and that song is amongst the most popular songs today. Not only this, but soon he is about to produce a new Web centric film. Story is finalized for the film and the shoot will commence soon. This movie will have established actors, but along with them, some fresh faces will also be launched.last_img read more

More Rohingyas fleeing to Bangladesh as 89 killed in fresh Myanmar violence

first_imgRohingya people (back) from Rakhine state in Myanmar gather near the border in Ukhiya town, where Bangladeshi border guards were stopping them from entering, on 25 August, 2017. Photo: AFPAt least 89 people including a dozen security forces were killed as Rohingya militants besieged border posts in northern Rakhine State, Myanmar’s authorities said Friday, triggering a fresh exodus of refugees towards Bangladesh.The state is bisected by religious hatred focused on the stateless Rohingya Muslim minority, who are reviled and perceived as illegal immigrants in Buddhist-majority Myanmar.The office of de-facto leader Aung San Suu Kyi said 12 security officials had been killed alongside 77 militants—the highest declared single day toll since fighting broke out last year.Rohingya people from Rakhine state in Myanmar gather near the border in Ukhiya town, where Bangladeshi border guards were stopping them from entering, on 25 August, 2017. Photo: AFPFriday’s fighting exploded around Rathedaung township which has seen a heavy build-up of Myanmar troops in recent weeks, with reports filtering out of killings by shadowy groups, army-blockaded villages and abuses.Some 20 police posts came under attack in the early hours of Friday by an estimated 150 insurgents, some carrying guns and using homemade explosives, Myanmar’s military said.“The military and police members are fighting back together against extremist Bengali terrorists,” Commander-in-Chief Min Aung Hlaing said in a statement on Facebook, using the state’s description for Rohingya militants.One resident in Maungdaw, the main town in northern Rakhine, said gunfire could be heard throughout the night.“We are still hearing gunshots now, we dare not to go out from our house,” the resident said by phone, asking not to be named.Footage obtained by AFP showed smoke rising from Zedipyin village in Rathedaung township where fighting was ongoing Friday.Rohingya militancy -Despite years of persecution, the Rohingya largely eschewed violence.But a previously unknown militant group emerged as a force last October under the banner of the Arakan Rohingya Salvation Army (ARSA), which claims to be leading an insurgency based in the remote May Yu mountain range bordering Bangladesh.A Twitter account (@ARSA_Official) which purports to represent the group confirmed its fighters were engaging Myanmar’s military in the area and accused the soldiers of carrying out atrocities in recent weeks.Myanmar says the group is headed by Rohingya jihadists who were trained abroad but it is unclear how large the network is.Suu Kyi’s office posted pictures of weapons that had been taken from militants, mainly home-made bombs and rudimentary knives and clubs.Friday’s violence pushed new waves of Rohingya to flee towards Bangladesh.But border guards there said they would not be allowed to cross.“More than a thousand of Rohingya women along with children and cattle have gathered near the land border between Myanmar and Bangladesh since this morning,” Manjurul Hasan Khan, commander of Ukhiya town’s border guards, told AFP.The flare-up came just hours after former UN chief Kofi Annan released a milestone report detailing conditions inside Rakhine and offering ways to heal the festering sectarian tensions there.Commissioned by Myanmar’s own government, it urged the scrapping of restrictions of movement and citizenship imposed on the roughly one million-strong Rohingya community in Rakhine.In a statement Annan said he was “gravely concerned” by the latest outbreak of fighting.“The alleged scale and gravity of these attacks mark a worrying escalation of violence,” he said.New crackdown fears -The UN’s top official in Myanmar, Renata Lok-Dessallien, called on all sides to “refrain from violence, protect civilians (and) restore law and order”.The wedge of Rakhine closest to Bangladesh has been in lockdown since October 2016.Deadly attacks by the militants on border police sparked a military response that left scores dead and forced some 87,000 people to flee to Bangladesh.The UN believes the military crackdown may have amounted to ethnic cleansing of the Rohingya.But the army and Aung San Suu Kyi’s civilian government vehemently deny allegations of widespread abuses, including rapes and murders.They have so far refused to grant visas to UN investigators tasked with probing the allegations.Amnesty International said there were now fears over how Myanmar’s notoriously abusive security forces might respond.“This cannot lead to (a) repeat of last year’s vicious military reprisals responding to a similar attack, when security forces tortured, killed and raped Rohingya people and burned down whole villages,” said Amnesty’s regional campaigns director Josef Benedict.Myanmar security forces have conducted sporadic operations to flush out suspected militants this year, often resulting in casualties among Rohingya villagers.They have spoken of their fear at being trapped in between security forces and the militants, who are accused of conducting a shadowy assassination campaign against those perceived as collaborators with the state.Access to the area is severely restricted and verifying information is difficult.Activists and supporters on both sides of the sectarian divide have a history of posting false images and footage online.last_img read more

Tapping The Rainy Day Fund To Pay For Harvey The Good Bad

first_img A lot can happen in a week. Some of it good. Some of it bad. Some of it downright ugly. When faced with intriguing developments in the week’s news, we turn to a rotating panel of “non-experts” to parse The Good, The Bad, And The Ugly of it all.This week, our panel weighs in on Gov. Abbott rejecting a request from Mayor Turner to tap the state’s rainy day fund to help the city pay for damages caused by Harvey, a class action lawsuit taking Houston officials to task for the effects of a backlog of untested rape kits, and Houston athletes getting involved in the controversy surrounding protests during the national anthem.Our panel of non-experts this week includes:Dr. Vivian Ho, health economist at Rice University and Baylor College of Medicine.Lisa Falkenberg, Houston Chronicle columnistNatalie Arceneaux, host of Your Business with C+A on KNTH 1070 AM X 00:00 /00:00 To embed this piece of audio in your site, please use this code: Listen Sharelast_img read more

State adopts new tech to strengthen power distribution system

first_imgKolkata: The state Power department has started using a new technology for strengthening the power distribution system with special emphasis on quick identification of faults in electricity supply lines. “We have started using SEEDN technology, which enables us to locate the exact area of the fault as we start moving from the substation located in a particular area, from where the fault has been reported. The technology is equipped with a fault passage indicator, which helps in quick location of the electric pole, where there has been a problem,” state Power minister Sobhandeb Chattopadhyay said. Also Read – Heavy rain hits traffic, flightsEarlier, engineers from the Power department had to travel long distances and check every single pole to identify the exact place of the fault. The department has already installed this technology in 50 feeder boxes across the state.It has been found that due to frequent thundershowers in recent times, there have been frequent power faults and the engineers from the Power department has addressed the situation in no time by the use of this modern technology. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killed”Apart from the inclement weather resulting in power disturbances, overdrawing of power by illegal means have also resulted in power cut,” a senior official of the department said. The department, with the objective of sustainable and uninterrupted power connection, has taken up a project of underground cable system for power supply in 77 urban townships across the state. The department has successfully completed laying of such underground cables for electricity at Nabadwip in Nadia district and Bolpur in Birbhum.”We have targetted to complete the underground power supply project by 2025. We will be taking up an average of 11 urban townships a year for installing this facility. This will help us achieve our aim of laying underground power supply infrastructure for 77 such townships in the state,” an official said. Overhead power supply is often affected when there are inclement weather conditions, like a storm or heavy rainfall. “Apart from this, there is rampant power theft due to hooking, which results in loss for the department. Underground power connection will make the situation much better,” a senior official of West Bengal State Electricity Distribution Company Ltd (WBSEDCL), which is implementing the project said.last_img read more

More women living healthier in mind not in body

first_imgMore women are now spending fewer years with impaired brain function but more years with disability compared to 20 years ago, reveals a new research.At the age of 65, females now spend around seven months more with moderate or severe disability and 2.5 years more with mild disability, the researchers found.“The aim of research was to investigate how health expectancies at the age of 65 and above changed between 1991 and 2011 in Britain,” said lead researcher Carol Jagger from Newcastle University’s Institute of Ageing.  Also Read – ‘Playing Jojo was emotionally exhausting’Meanwhile, overall men’s life expectancy increased by 4.5 years but they had only 1.3 years more with mild disability and there was no increase in the years spent with moderate or severe disability or mild or worse cognitive impairment. Experts have shown that between 1991 and 2011, women’s life expectancy at the age of 65 increased by 3.6 years but they identified that the female body does not age as well as its mind. The research team compared two rounds of the cognitive function and ageing study, done in England in 1991 and 2011. Health expectancy was measured in three ways — self-perceived health, life without disability, and time free from cognitive impairment.  Also Read – Leslie doing new comedy special with NetflixThose aged 65 and above over a similar time period, who showed problems with vision and hearing, did not account for increases in disability. Stability in self-care activities, like cooking, and increase in mobility limitations, such as walking 200 yards and climbing stairs, may contribute to gains in mild disability.“One possibility for the increased years women are living with mild disability might be the rise in obesity levels over the decades or multiple diseases which are a feature of very old age,” Jagger said.“It is also necessary for community care services and family carers who predominantly support those with mild to moderate disability to enable them to continue living independently,” the authors noted in a paper published in the journal The Lancet.last_img read more

Air Italy opens TorontoMilan sales for summer 2020

first_img Posted by TORONTO — Air Italy says all of the routes in its current summer season will be back for next year’s summer season, starting March 29 and running through Oct. 24, 2020.The carrier’s Toronto-Milan flights are coming back next year, along with flights out of L.A. and San Francisco. Air Italy also offers year-round services out of New York and Miami.In addition to the above routes, all of the current 2019 summer schedule to Africa – Cairo, Dakar, Accra, Lagos and Sharm el Sheikh – are also on sale for 2020.Air Italy will also be continuing to serve daily multi-frequencies and connections with international flights from Rome, Naples, Palermo, Catania, Lamezia Terme, Cagliari and Olbia.“Due to the excellent performance of our network during 2019, we are very pleased to be able to announce the commencement of sales for 2020 with the entire network remaining for next summer,” said Rossen Dimitrov, Chief Operating Officer. “This demonstrates our commitment to both the domestic and international market, our network strategy, and our desire to enhance the travel experience for our passengers once more, through early planning opportunities and continued service to our popular destinations.”More news:  Le Boat has EBBs along with its new 2020 brochureMilan Malpensa (MPX) remains at the core of Air Italy’s 2020 network, says Dimitrov, with more than 170 weekly frequencies operating from the carrier’s main hub in the peak season. Some 26 of those are North Atlantic routes, including the six times weekly summer seasonal service from Toronto. The service launched in May 2019.During the winter season 2019/2020, adds Rossen, Air Italy will operate new long-haul seasonal destinations such as Maldives – which will be offered until the end of 2020 Easter holidays – alongside Mombasa and Zanzibar. These new routes will be launched in October 2019 and will be operated by the airline’s A330-200 aircraft during the winter. Share Air Italy opens Toronto-Milan sales for summer 2020 Tags: Air Italy, Milan, Salescenter_img Monday, July 15, 2019 Travelweek Group << Previous PostNext Post >>last_img read more

FBI believes alleged rapist might be hiding in Costa Rica

first_imgHarold Eugene Smith, 60, wanted by the U.S. Federal Bureau of Investigation (FBI) for allegedly raping a young girl in Pennsylvania, is believed to be hiding in Costa Rica or Panama.Police in the U.S. arrested Smith in September 2010 for the alleged rape, which targeted a 12-year-old girl and occurred over the course of at least a year. Smith was charged with rape, aggravated indecent assault, indecent assault, incest and corruption of a minor. He made bail, but failed to attend a subsequent hearing, and a bench warrant was issued on Jan. 10, 2011.A federal arrest warrant was issued for Smith in October 2012, after he was charged with unlawful flight to avoid prosecution.According to the FBI alert, Smith – who is known by the aliases of Harold E., Harold Smith or Smitty – is considered very dangerous and could be armed.Anyone with information about Smith’s whereabouts can call a confidential tip line at: 800-8000645. Information also can be sent by email to Judicial Investigation Police’s (OIJ) Confidential Information Center: cicooij@poder-judicial.go.cr, or in person at OIJ-Interpol, located on the first floor of OIJ’s facilities in downtown San José. Facebook Comments No related posts.last_img read more

Youthfocused media outfit Vice UK has won an appe

first_imgYouth-focused media outfit Vice UK has won an appeal against a determination by ATVOD that the Vice (Video) section of its website was subject to regulation by the UK video-on-demand regulator.Vice secured its case by presenting evidence to Ofcom, which ATVOD said was not available at the time of its ruling, that its parent company, Vice Media, held editorial responsibility for the video website. Ofcom concluded that the provider was not within the jurisdiction of the UK and did not meet the statutory requirements that would have put in ATVOD’s jurisdiction.ATVOD CEO Pete Johnson said the regulator would “consider the appeal decision carefully and analyse the implications for future decisions as to whether a particular service is, or is not, subject to regulations designed to protect consumers”.last_img read more

The man was also arrested in connection with a sei

first_imgThe man was also arrested in connection with a seizure of fireworks in Chamberlain Street in October last year. He has been taken to Musgrave Street Serious Crime Suite where he is currently being questioned by detectivesMan arrested over murder bid on police in Derry was last modified: July 22nd, 2019 by John2John2 Tags: ShareTweet DETECTIVES from the PSNI’s Terrorism Investigation Unit have arrested a 42 year old man in Derry today under the Terrorism Act.He was detained in relation to the attempted murder of police at the City Walls on July 11, 2018.Dissident republican terrorists opened fire on police at the walls with an automatic weapon. center_img CHAMBERLAIN STREETDerry CityDERRY’S WALLSMan arrested over murder bid on police in DerryPSNITERRORISM ACTTerrorist Investigatiion Unitlast_img read more

Sponsor Advertisement

first_imgSponsor Advertisement Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany.Company highlights:Alvalade Project JV with Antofagasta Minerals SA – Copper and Zinc on 1000 km2 project area in the Portuguese Pyrite Belt – 2012 exploration budget of US$ 2.5 million, all provided by Antofagasta, including 6000 meters of core drillingGold exploration in the Erzgebirge Mining District, Germany – 307 km2 exploration license in 1000+ year producing region of tin, tungsten, silver, base metals, and uranium – Increasingly favorable permitting and mining regulations, long mining culture, widespread known gold panning locationsCovas Tungsten JV with Blackheath Resources Inc. – 922,900 mt @ 0.78% WO3 (non NI 43-101 compliant) historic resource – Potential to increase the tungsten resource – New gold target on the projectStrong management including Paul Kuhn, CEO, previously involved with several discoveries around the world, and Mark T. Brown, Director, founder of Rare Element Resources Ltd.Low risk exploration strategyShare structure and cash on hand (12/31/2011):16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted40% of shares held by insiders, family, friends, and long-term investorsApprox. C$ 500,000 cash on hand (consolidated Canada and Europe)Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012.Please visit our website for more information. And so it begins…another precious metals rally in the making…at least that’s what the talk is on the Internet right now.Gold’s low print on Friday came about 2:30 p.m. Hong Kong time…and the subsequent rally was only ten bucks…and that came to an end shortly after 10:00 a.m. in London.  From that point, gold gave back half those gains going into the Comex open.The rally that began at that point came to an end at its high tick of the day…$1,667.70 spot…just a few minutes after 11:00 a.m. Eastern time in New York…which was a few minutes after the London close at 4:00 p.m. GMT.  But by the time that electronic trading was done in New York at 5:15 p.m…gold had slid back five bucks from that high.Gold closed at $1,662.80 spot…up $17.90 on the day.  Net volume was on the lighter side…around 112,000 contracts.Silver’s chart looks more or less the same as the gold chart…but the rally during the Comex trading session in New York was far more substantial on a percentage basis…and the high tick of the day [$32.41 spot] came either shortly before, or just after, the close of Comex trading at 1:30 p.m. Eastern time.  From that high, silver gave back a bit of its gain going into the weekend.Silver closed at $32.24 spot…up 65 cents on the day.  Net volume was pretty light…around 31,000 contracts.The dollar index traded mostly flat during early Far East trading, with the high tick [79.74] coming shortly after 3:00 p.m. Hong Kong time…less than an hour before London opened on their Friday morning.Less than three hours later…and a few minutes after 10:00 a.m. in London…the dollar index had fallen 50 basis points.  Three hours after that…8:00 a.m. in New York…the dollar index had gained back 30 points of that decline…but continued to fall after that, closing almost on its low of the day.  When all was said and done, the dollar index was down 43 basis points from Thursday’s close.If you examine the major dollar index inflection points against the major deflection points in gold and silver prices, you’ll find a perfect match but…as I’ve said for the last three days…the match is almost too perfect.  It looks suspiciously like the same traders buying gold/silver and selling the dollar simultaneously…or doing the exact opposite…selling gold/silver and buying the dollar.  There’s no lag time at all, as the inflection points in both are either simultaneous or within minutes…and the only people who would know the exact price direction of either the dollar index or the precious metals, would be those who are doing those trades at the same time.Talk about insiders gaming the system!  I wish I was making their money.But, as I’ve said before, maybe I’m looking for black bears in dark rooms that aren’t there.Even though both gold and silver were up a decent amount at the open of the New York equity markets, the HUI opened flat…but began climbing from there…reaching it’s high tick a few minutes after 12 o’clock noon Eastern time.  It held that level until about 1:45 p.m…and then declined a few basis points going into the close at 4:00 p.m.  All in all, the gold stocks pretty much mirrored the gold price.  The HUI finished up 1.74% on the day.Well, the silver shares were certainly the stars yesterday…particularly the juniors.  It’s too bad that Nick Laird’s Silver Sentiment Index doesn’t reflect all that, but it still closed up a respectable 3.18%.(Click on image to enlarge)The CME’s Daily Delivery Report for Friday showed that 29 gold and 113 silver contracts were posted for delivery on Tuesday and, as has been the case all year, it was Jefferies as the short/issuer on all 113 contracts…and the Bank of Nova Scotia and JPMorgan were the long/stoppers…with 75 and 31 contracts respectively.  The Issuers and Stoppers Report is worth a look…and the link is here.There were no reported changes in GLD yesterday…but an authorized participant withdrew a rather smallish 339,921 troy ounces of silver out of SLV.And, for the first time in a while, the U.S. Mint had a sales report worthy of the name.  They sold 8,500 troy ounces of gold eagles…4,500 one-ounce 24K gold buffaloes…and 275,000 silver eagles.  Month-to-date the mint has sold 43,500 ounce of gold eagles…23,000 one-ounce 24K gold buffaloes…and 2,137,000 silver eagles.So far this month, silver eagles are up about 33% over February’s sales month…and gold eagle/buffalo sales are up 120% over the same period.  I would agree with what Ted Butler had to say in one of his recent commentaries, that once this market turns to the upside with some real force behind it, we’ll see some daily sales that will make your eyes water, because the mint has probably been building up inventory over the last six weeks or so…and will be able to fill all orders regardless of size, as they won’t be constrained by current production levels.Thursday was another day of big silver inflows into the Comex-approved warehouses.  They reported receiving 1,215,567 troy ounces of silver…and shipped out an insignificant 10,610 ounces.  When they finally parked the forklifts on Thursday night, the five depositories held 135,850,575 ounces of silver.  The link to that action is here.It suddenly dawned on me yesterday that maybe the reason that silver inventories are climbing at these warehouses is that Jefferies has been bringing in silver to meet its delivery requirements since December 1st of 2011.  From then until yesterdays close, Jefferies has delivered 2,874 silver contracts on the Comex.  That works out to 14.37 million ounces…447 tonnes…and that, dear reader, is a lot.The Commitment of Traders Report came in as Ted Butler expected…however I was hoping for a bigger improvement in silver, but regardless of what I thought, the improvement was pretty substantial, as the Commercial net short position declined by 3,505 contracts…or 17.5 million ounces.  The Commercial net short position in silver is now down to 160.6 million ounces.  That’s pretty low, but about 90 million paper ounces above its late-December absolute low.The ‘1 through 4’ largest Commercial traders are short 188.3 million ounces of silver…and the ‘5 through 8’ Commercial traders are short another 42.3 million ounces on top of that.  Once you subtract all the market-neutral spread trades out of the Non-Reportable category, the ‘1 through 4’ Commercial traders/bullion banks are short a bit more than 43% of the entire Comex futures market in silver.  That’s preposterous!!!For the second week in a row, it was gold that showed the biggest improvement, as the Commercial net short position declined by 25,550 contracts, or 2.56 million ounces.  As of Tuesday’s cut-off, the Commercial net short position is now down to 16.6 million ounces.  The ‘1 through 4’ and ‘5 through 8’ Commercial traders on the short side are short 11.4 million and 5.2 million ounces respectively.  And once the market-neutral spread trades are removed, the ‘1 through 4’ Commercial traders/bullion banks are short 28.4% of the entire Comex futures market in gold.  That’s equally as preposterous.Here’s Nick Laird’s up-to-date “Days of World Production to Cover Short Contract” chart that he designed at Ted Butler’s request over a decade ago.  This shows all the commodities that are traded on the Comex in New York.  Notice that the biggest short positions by the four largest bullion banks are in the four precious metals…and how silver stands out “Above the Crowd”…as they say over at Re/Max.(Click on image to enlarge)I got a monster e-mail from Nick Laird late last night…and thought all the charts, plus everything had to say in association with them, was worth posting….so here goes.“The gold oscillator is indicating that the latest move up by gold is a breakout.“There is good probability that gold has finished it’s decline and the next wave should be up and taking out the recent highs at $1,780.(Click on image to enlarge)“On a larger scale, the impending move up – if it is strong enough i.e.. takes out $1,800 & then $1,900 – will then trigger a massive rise out of the triangle shown in the chart below.“This is indicative of a major rise coming in gold – something strong enough to take us up to the mid $2,000’s.(Click on image to enlarge)“The first rise up off the bottom was from $1,520 to $1,790 – a rise of 270 or 17.7%.  We are now down at the retest level and should move up from here so a 270 rise up from $1,640 will take us up to $1,910.“We will in all probability see a larger rise here i.e. larger than 18%.“With that rise we retest the all time highs & break through.  This will trigger the breakout on the Long Term Gold Oscillator giving us the buy signal for the next leg up to $3,500.“The last major wave up took us from $700 to $1,900 in 2.5 years. This major wave up should take us from $1,500 to $3,600 in 1.5 years.“So – a rise from here up to the old highs should occur in the next leg up. This should trigger the buy signal signaling a major move up to the mid $2,000’s. A pullback and then a continued rise into the high $2,000’s – low $3,000’s.“Another pullback and then the parabolic move up to the top of the leg in mid 2013 at around $3,500.  This a possible wave structure for the major rise – a major wave comprised of several sub-major waves.“That will put in a wave up that will fit in with the e-wave chart…(Click on image to enlarge)“So expectations are for a strong move up to be continued by strong moves – large runs up with minor pullbacks moving the market up over 100% from low to high i.e. from $1,500 to $3,500.  If it does take on this stance then it will be affirmative of the plotted advance speculated on in the chart above.“If it doesn’t then one can suspect that we are more likely to follow Martin Armstrong’s path for gold with a soft year this year as gold gathers strength to run up  from 2013 through to 2017.“At the moment I prefer my version & believe that it has good chance to play out. What the market will depend upon is any manipulation that will prevent the above scenario from playing out.“But when I look at the last 12 years I see nothing that has impeded the price and amounted to much in stopping gold’s relentless rise.“So we are fast closing in on a position that if confirmed would mean that you should be fully invested in gold & ready for the rise ahead…and I still prefer bullion over gold stocks for this move up.“I’m still looking for a major bear market in equities & believe that this will weigh heavily upon gold stocks leaving few out performers.“However if we do get this equities correction then gold stocks will become a definitive buy.“So – exciting times ahead of us. – NickFrank Barbera’s The Gold Stock Technician report for Thursday had this to say in its opening paragraph…“This report is unlike any other report we have ever written, as the list of data extremes in the Gold Stocks has grown so rapidly in the last few days, that it is almost impossible to stress how potentially major a low we could be witnessing in the mining stocks at the current time. That a violent upside reversal rally, lies dead ahead, there can be virtually no doubt. Personally, I would not be the least bit surprised to see the Gold Stocks up 150% to 200% over the next 18 months coming off the current lows. There is now historical technical evidence in spades to support the case that we are watching the final day or two of what is likely another major secular low in the group, and a bottom which could easily kick start a major bull market advance. We feel there is very good chance that today was the closing low on GDX, XAU, and HUI. In the past, readings like those now present, have systematically led to major upside advances in the sector, and we see no reason to believe that past precedent won’t repeat again. In this report, which we believe will stand as a seminal update, we summarize our views right up front, and then provide a lot of historical charts to support the case walking down the long list of individual indicators which we track each day. For some, looking at a long list of charts, can be to taxing, and that is why we cut straight to the bottom line on this first page.”This is all well and good.  I’m certainly of the belief that we saw the bottom on Thursday…but how things turn out in the future is…as Nick Laird pointed out in his comments…as always, in the hands of JPMorgan et al.  Supply and demand fundamentals mean nothing when you’re dealing with a managed market.And as much as the wildly bullish part of me wants to believe both Nick and Frank…the ‘born in Missouri’ part of me says “show me”.  Stay tuned.Here’s a chart from a Zero Hedge article that Australian reader Wesley Legrand sent my way yesterday.  It need needs no further embellishment from me…and the link to the hard copy of the story is here.(Click on image to enlarge)These last three charts were sent to me by reader Phil Barlett…and shows just how much monetary pumping at all levels is currently going on at the moment.  It’s already showing up in the real inflation numbers…and certainly before the end of the year, monetary inflation will be noticeable to all…even if official government figures don’t show it.(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)In his latest blog, reader Scott Pluschau points out that the Commitment of Traders short/long ratio for the U.S. dollar is now greater than 10 to 1.  I would suggest that his short blog is worth the read…and the link is here.Since it’s Saturday, I have a huge list of stories for you that I hope you have the time to plow through in what’s left of the weekend.A “simple” question:  Is the U.S. stock market a Bubble?  Have the Fed and global central bankers prolonged the U.S. Credit Bubble sufficiently to the point of having again incited Bubble dynamics within our equities market?  Sure looks like it.  As we’ve witnessed repeatedly for twenty-odd years now, every government bailout/policy response to a burst Bubble ends up inflating fledgling Bubbles to full-blown Bubble fruition excess.  From my point of view, U.S. stocks were, at the minimum, a “fledgling” Bubble prior to recent LTRO and concerted global central bank liquidity operations. – Doug Noland, Credit Bubble Bulletin, 23 March 2012Here’s a ‘blast from the past’ that you’ll recognize instantly.  I can’t remember how many times in my life I’ve danced my brains out to this 1978 disco classic.  The link is here.  Enjoy!And so it begins…another precious metals rally in the making…at least that’s what the talk is on the Internet right now after Thursday and Friday’s action.I, like you, would really like that to be the case.  But, as I’ve said ad nauseam in this column for years…it’s all up to JPMorgan et al.  Will they be the short sellers of first and last resort when this rally starts to grow some real legs?  Don’t know.We’re now below the 50 and 200-day moving averages on the all the precious metals…and once prices break over that level, the game will hopefully be on.  At that point we’ll find out soon enough how these rallies will end.Of course there could still be some more down-side price action, but one has to wonder just how much more blood ‘da boyz’ can get out of these precious metal stones.This column has already gone on for too long, but before I sign off, I want to remind you one more time that with the precious metals and their shares still on sale…but for how much longer, nobody knows…there’s still the opportunity to either readjust your portfolio, or get fully invested in the continuing major up-leg of this bull market in both silver and gold…and I respectfully suggest that you take a trial subscription to either Casey Research’s International Speculator [junior gold and silver exploration companies], or BIG GOLD [large producers], with all our best (and current) recommendations…as well as the archives. Don’t forget that our 90-day guarantee of satisfaction is in effect for both publications.Enjoy what’s left of your weekend…and I’ll see you in this space on Tuesday.last_img read more

In This Issue   Bias to sell dollars remains w

first_imgIn This Issue. *  Bias to sell dollars remains weak. *  One more day until D-Day. *  London calling. *  James Rickards on a Gold Manipulation end. And, Now, Today’s Pfennig For Your Thoughts! Will We, or Won’t We? Good day.  And a Wonderful Wednesday to you! Well, looky here! It’s Rocktober 16th! 16 days in Rocktober have flown by very quickly, leading us to tomorrow, the 17th, when all hell is supposed to break loose. China, the U.S.’s largest creditor, sent a message to the U.S. lawmakers urging them to raise the debt ceiling, and the Tea Party responded, “Butt out”  Recall, that I told you a couple of weeks ago, that this was all going to get ugly, and it appears to be heading in that direction in a  hurry! “The U.S. must shoulder its responsibility as the world’s biggest economy and holder of the main reserve currency and take concrete measures before Oct. 17 to avoid a default,” said Deputy Finance Minister, Zhu Guangyao. He then went on to mention the Tea Party. Well, those may end up being fightin’ words!  But. before this tempest in a teacup gets blown out of proportion, let me say that I personally don’t think China is that concerned with the U.S. defaulting, but instead look at this as a chance to lay down the soundtrack that will be played over and over again in the future, when they can remind everyone that they tried to warn the U.S. but they failed to listen. So. Here we are, at the precipice of what could be a very momentous, historical event. That I still think is just a bunch of drama, just like it was in 2011 and what did we get out of that hand wringing, sweat dripping, sawdust on the floor, drama? Well, we got some debt cuts on future spending increases over the next 10 years. Was it really worth losing our AAA rating with S&P over that? Well, the ratings agency Fitch says their AAA rating for the U.S. is “under watch”. The Treasury Bond market isn’t fazed by all of this, as yields remain steady Eddie. The U.S. dollar also isn’t too fazed by all of this, as the dollar index remains around 80. U.S. stocks seem to be caught in the middle, but all the trading in these assets, seems to be muted, as if there’s a “lock-down order” on them. Now, I don’t know who could put a “lock-down order” on stocks and bonds, do you? ” HA!  Gold seems to be the only asset class that has really taken it on the chin with the U.S. dangling a default in front of the markets’ eyes.  To me, someone who normally thinks logically about stuff, seeing the reality of a situation long before most, I would think that stocks, bonds and the dollar would be getting the snot knocked out them, while Gold would be soaring.  My longtime friend, and one-time mentor in bond trading, Ed Bonawitz, always used to remind me that the “markets are never wrong”. You can think you are so right, and the markets are wrong, but the markets can remain irrational longer than you can remain solvent. So. This is what we have to work with these days. Of course tomorrow could be a whole different ballgame. Remember what the rock group Pink Floyd sang about. “It’s a battle of words, and most of them are lies”. Man, the lawmakers must be sitting around with their IPods and headphones, listening to Pink Floyd!  HA! Right, and my first wife was a young Elizabeth Taylor, yeah, that’s the ticket! The great Steely Dan song, Black Friday, is playing right now.. That could very well be playing out in a couple of days, eh? When Black Friday comes, I’ll collect everything I’m owed, And before my friends find out, I’ll be on the road.  Oh, and this is great! That song was followed by Kansas doing “play that game tonight”. That’s exactly what the lawmakers will be doing tonight!  Remember what the analyst told us last week about what happens when you attempt to wait until the 11th hour to do a deal? That things could go awry, and then no deal is done!   This is the risk in the markets, although, as I said above, I just don’t see this default happening, now that is. So. the bias to sell dollars remains in the markets this morning, but as I said above, it is muted. The euro recovered its lost ground yesterday, and has added a bit today, while the Aussie dollar (A$) is also up a bit. Gold did a quick recovery yesterday morning, gaining back the $20 it was down when I was writing. That was an interesting move for Gold, given that the 4 previous days, it got taken down about the same time each morning. The shiny metal is off a couple of bucks today. Well, the $20 hit that Gold was taking on yesterday morning, was reversed in the early hours trading on Tuesday. So, for once, the trading pattern of early morning (when NY Traders arrive) taking Gold to the woodshed, didn’t happen yesterday.  Were the NY Traders still making their way home from Hamptons?  That would be my guess! But the analysts that refuse to see the truth, would tell us that the price action in Gold is all about whether the markets believe the U.S. will default.  The trading pattern would then lend itself to be one of: buy Gold if it appears the U.S. won’t default, and they will continue to build debt, and print money, and sell Gold if it appears that the U.S. will default. All last week, as we experienced Groundhog Day over and over again, it appeared as though lawmakers would be happy to brings us to the doorstep of default.  And yesterday, it appeared that a deal was in the making. But NOOOOOOOO! I always check the headlines of the Drudge Report each afternoon. The Headlines, in most cases, are better than the actual stories, and yesterday afternoon, one of the headlines read: “It’s All Fallen Apart”  Now, that’s not going to give anyone a warm and fuzzy, eh? OK, let’s talk about something else, this debt/ default stuff is giving me a rash!  Oh! How about the story on the Bloomberg this morning talking about the U.K. joining Taiwan and Hong Kong as a country that will be able to take part in a program allowing offshore renminbi / yuan to be invested in Chinese securities. An $13 Billion (in dollar terms) quota for investors in London to buy onshore assets was approved by China overnight. Folks, I don’t know of any other way I can tell you, other than the way I’ve told you for the last few years. This is just another step China is taking to eventually get to an internationally traded currency. Remember how I told you last month that China had opened the pilot areas where the renminbi / yuan can be converted.  I think that China has really stepped up the pace of their plans to remove the dollar as the reserve currency of the world, and replace it with the renminbi / yuan. China is finally opening up their financial sector. They have removed the dollar’s relevancy in the terms of trade in countries throughout the world, they have become the world’s creditor, they have begun to allow convertibility of their currency. It’s all right there before our eyes, folks. Oh. And China allowed the renminbi/ yuan to reach a 20 year high VS the dollar (low in their price number, remember renminbi is a European priced currency, which means that the lower the price number goes, the more value it returns)  In the past year, we’ve had so many renminbi investors lose their patience, and sell. Well, if they held renminbi long enough, they had some nice gains to take. But, to eventually hold the reserve currency of the world? Isn’t that worth waiting for? There was a good story on MarketWatch yesterday, that caught my eye. The title read: 5- Countries Whose Bonds Are Safer Than Treasuries. Let’s listen in to a bit of what the writer, Brett Arends has to say here:  “According to the International Monetary Fund (IMF), the U.S. government’s net debt is now 89% of gross domestic product. By contrast, Germany-often thought of as Europe’s most financially sound nation-has net debts of only 56% of GDP. But if you want really, really safe, you should look a little further north of there-or a long way south. Scandinavian countries, and the Antipodes, have the best financial picture of all. New Zealand’s net debt is just 29% of its economy, and Australia’s is just 13%, according to the IMF. The Governments of Sweden and Norway are actually sitting on net assets. In other words, their Governments’ assets exceed their liabilities. Norway has by far the strongest finances on the block. If you imagined a country that managed its financial affairs perfectly, it would look like that. Seriously.” -Brett Arends Chuck again, the other country he mentions in his story was Denmark, who’s debt runs a mere 10% of GDP.  Now. the only country I think he missed here, and probably because it’s viewed as a closed economy that’s difficult to deal in, and that would be China. Whenever I go out on the road and talk about ways to diversify, I always talk about foreign bonds and stocks, but mostly about foreign bonds. Many long time readers know that I got my feet wet in the foreign markets by being a foreign bond trader for the old Mark Twain Bank. So, foreign bonds are part of me. The way I always told the salespeople to talk to investors about foreign bonds is that it’s an excellent diversification tool, and gives you a longer view on a country and a currency, while hopefully giving you a pickup in yield over U.S. deposits. At EverBank, our NASD affiliate brokerage firm, EverTrade Direct, executes foreign bonds and stocks. Brokerage is not Bank, and they are not deposits of the bank, but that doesn’t make them any less of a great diversification tool! OK. that was a nice change of pace, talking about foreign bonds, eh?  It’s funny, but when people stop me and ask me to list my best currencies, the list looks pretty much like the one that Brett Arends listed. So, there you go! I found it interesting that New Zealand was on his list. The do have a smallish debt to GDP ratio, but their Current Account Deficit is not good, and has been weighing on the currency (kiwi) ever since the Reserve Bank of New Zealand (RBNZ) had to make the 2 emergency rate cuts a couple of years ago to help out after the earthquakes in New Zealand. Well, last night, New Zealand printed their latest CPI (consumer inflation), and it surprised to the upside! OK. I’ve been telling you that the recent data, and RBNZ talk is that it’s about time to reverse the emergency rate cuts, well. This data doesn’t water down that talk one bit. In fact, I think it is just another notch in the rate hike belt for early 2014, and those that are seeing this, like I have seen it, are pushing kiwi higher each day. Before I head to the Big Finish this morning, I thought I would share this funny with you from Jay Leno last Friday night. “It is now day 11 of the government shutdown and we knew sooner or later something like this was going to happen. Despite the national parks being shut down, several men were severely mauled by bears yesterday. But enough about the New York Giants” – Jay Leno For What It’s Worth. OK, long time readers know that I truly appreciate the things James Rickards has to say. And this morning, I have a couple of snippets from an interview that was on the GATA website with James Rickards, talking about Gold manipulation. Let’s listen in. “Central bank manipulation of gold markets can and will last until physical shortages become so acute that banks and exchanges can no longer deliver on futures and forward contacts when requested by customers. At that point, contracts will be terminated and exchanges will order that trading be conducted “for liquidation only” which means that futures customers can close out or rollover contacts, but they cannot receive physical delivery of gold. The signs that the manipulation is coming to an end will include depletion of warehouses, price spikes and notifications from banks that they will no longer allow the conversion of gold forward contacts into physical gold.” – James Rickards Chuck again. When asked if he anticipated an overnight ending of manipulation or a progressive process, James Rickards replied: “Both. The process will proceed slowly at first, then gain momentum, then reach a panic buying stage where the termination of deliveries under futures and forward contacts will be announced very suddenly. At that point, physical gold will be scarce and interested parties will not be able to acquire it in small quantities at any price.” Chuck again x 2. I would pay attention to what James Rickards has to say folks. That just my opinion, of course!  But who else has come out with this scenario? To recap. We’re down to the last day before the expiration of the extraordinary measures that are keeping the country paying its bills.  The markets don’t believe a default will happen, and neither does Chuck, although he does admit there is a risk that an 11th hour deal might fail. Fitch puts the U.S. AAA rating on watch. that should have sent Treasuries to the woodshed, but it didn’t. New Zealand CPI printed stronger than expected, thus putting everything in alignment for a rate hike early in 2014, pushing kiwi higher. Currencies today 10/16/13. American Style: A$ .9535, kiwi .8420, C$ .9645, euro 1.3560, sterling 1.6045, Swiss $1.0985, . European Style: rand 9.96, krone 6.0050, SEK 6.4975, forint 218.20, zloty 3.0770, koruna 18.9350, RUB 32.23, yen 98.30, sing 1.2440, HKD 7.7545, INR 61.84, China 6.1408, pesos 12.96, BRL 2.1775, Dollar Index 80.34, Oil $101.36, 10-year 2.72%, Silver $21.23, Platinum $1,391.60, Palladium $708.85, and Gold. $1,281.50 That’s it for today. My beloved Cardinals moved within one win of going to the World Series. We were here last year too, with a 3-1 games lead, and lost 3 consecutive games to the Giants, I hope that they learned something from last year. It’s an afternoon game today, so I’ll actually get to see the whole game! Let’s hope it’s something I want to see! Jen is out in LA to attend the game today, now that should be fun! I was asked to go, but I’ve been having too many problems with my stomach to risk a 4 hour flight! So, I sent Jen, who is the biggest baseball fan I’ve ever met, for a female that is! The morning air was quite chilly when I walked across the bridge from the garage today. I guess it’s time to get out the jacket. UGH! Because I know what follows that.  And soon I’ll be complaining about how cold it is, and how I want to go where it’s warm! So, you have that to look forward to! HA!  Hey.. go out and have a Wonderful Wednesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

After Inventing the Checkin Foursquare Pivots With Efforts to Sell its Location

first_img Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Add to Queue This story originally appeared on Business Insider –shares The New York-based company’s main business is now licensing its location data to other companies like American Express and Land Rover. Next Article After Inventing the Check-in, Foursquare Pivots With Efforts to Sell its Location Superpowers to Everyone Foursquare has gone through a profound transformation since it popularized the concept of the “check-in” back in 2009.The New York-based company’s main business is now licensing its location data to other companies like American Express, Pinterest and Land Rover. When you use a geofilter in Snapchat or type a venue name into Uber, you’re using Foursquare data.What’s led so many companies to rely on Foursquare’s location technology?For starters, there are the more than 10 billion check-ins that Foursquare’s 50 million monthly users have registered to date. But the company’s real “superpower,” according to founder and chairman Dennis Crowley, is something called Pilgrim. And starting Wednesday, Foursquare is making Pilgrim available to all apps for the first time.“We live in a world today where people are building things based off of basic GPS coordinates,” Crowley told Business Insider during a recent interview. With Pilgrim, Foursquare can give other apps and marketers “specific awareness of context in space” — a “big idea” Crowley said will “take time for people to wrap their heads around.”While traditional GPS can see when a phone enters a mall, Foursquare’s Pilgrim technology is able to understand that the phone is on the second floor of said mall and inside a J Crew store for the second time. It’s by analyzing this data that Foursquare has been able to accurately predict everything from iPhone to Chipotle sales.Crowley envisions other companies using Pilgrim to send notifications like hyper-specific coupons and even create Pokémon Go-like games that “change based upon where you bring your phone.” Foursquare’s main app has been using Pilgrim for years to send custom-tailored recommendations based on where its users go in the real world.For Crowley, who first made his name by selling his location-based social network Dodgeball to Google in 2005, opening up Pilgrim is the culmination of Foursquare’s seven-year history. While the company won’t disclose actual numbers, Crowley said that “revenue is growing nicely” and that the business is in “a really healthy spot right now.”“We always thought that someone would come along and make something like the Pilgrim SDK and we would just use it,” he said. “I don’t think we imagined way back in the day that we would be the company to actually bring this to market.” Tech Reporter for Business Insider Image credit: Foursquare 3 min read Foursquare March 2, 2017 Alex Heath Foursquare’s Steven Rosenblatt (president), Dennis Crowley (founder and executive chairman), Jeff Glueck (CEO). Enroll Now for $5last_img read more

The Winners and Losers in Amazons Whole Foods Deal

first_img Image credit: Whole Foods Market The Winners and Losers in Amazon’s Whole Foods Deal –shares Next Article Consumers win. But other grocery stores? Not so much. Add to Queue Register Now » Opinions expressed by Entrepreneur contributors are their own. Mergers and Acquisitions When Amazon opened its first brick-and-mortar store in 2015 on the campus of Purdue University in Indiana and then in December announced its first Amazon Go check-out free convenience store in Seattle, people wondered what on earth the online retailing giant was doing experimenting in the physical world it disrupted in the first place.Now, Amazon’s $13.7 billion purchase of Whole Foods Market tells us that the Seattle company wants a big slice of the $674-billion U.S. grocery market (and while Whole Foods’ revenue, approximately $16 billion in 2016, is but a fraction of the entire grocery market, Amazon’s price setting status in the American retail landscape will cause reverberations throughout the grocery econsystem). The deal is the largest manifestation yet of the omni-channel, or in this case, “clicks-to-bricks” trend, in which online retailers seek to optimize the customer experience by augmenting a strong online presence with physical retail stores. In this case, Amazon is dramatically changing the grocery landscape for all those involved (consumers, vendors, distributors, competitors and related companies).Related: Amazon Is Buying Whole Foods for a Whopping $13.7 Billion — Is It a Good Deal?It’s easy to imagine that Amazon Chief Executive Jeff Bezos’ obsession with single focus, ruthless efficiency will be brought to bear on the firm’s grocery technology. This, after all, is the company that uses machine learning and algorithms to know what you want before you do. As Narvar CEO Amit Sharma wrote in the Harvard Business Review, “Retailers need to think more like tech companies, using artificial intelligence and machine learning not just to predict how to stock stores and staff shifts but also to dynamically recommend products and set prices that appeal to individual consumers.” Amazon’s Whole Foods deal will make that a reality.In addition, fitting with its broader strategy, the acquisition will help Amazon’s further penetration of the millennial generation. Amazon and Whole Foods are tailor made for the millennial cohort — aged from 18 to 35 and now the single-largest generation in America. It’s a generation that was raised online that embraces the healthy food trend and they’re already dynamic residents of the organic/natural food space where Whole Foods has a decades-old nationwide brand. A survey by the Organic Trade Association found that more than half of parents who buy organic food regularly are millennials, compared to a little more than a third of Gen Xers and 14 percent of baby boomers. Related: Amazon Discounts Prime for Low-Income ShoppersWith its private label line 365 Everyday Value, its antibiotic- and hormone-free meats, and its priority on animal welfare, Whole Foods is popular among millennials who have a strong social conscience and like to purchase socially responsible products. Furthermore, Whole Food’s smaller store format, called 365, is specifically targeted at millennials, reflecting their preference for smaller stores in urban environments that incorporate technology.The deal also likely provides a logistics and distribution strategy play for Amazon. Whole Foods gives Amazon a network of 450 stores in 42 states, which can effectively become mini-distribution centers for groceries and potentially other retail items as well. Since 2007, Amazon has learned about the grocery business through its Amazon Fresh grocery delivery unit. By acquiring Whole Foods, millennials can now blend two shopping habits — seeing and touching products at a local store and conveniently ordering online. It may be that your dried kale with sesame will soon be delivered by drone from that local store.So, who are the winners and losers?The big winner in the deal is the American consumer. Amazon is known for offering hyper-competitive prices, so groceries, and organic food in particular, may become more affordable. Ordering groceries that will be quickly delivered will also become a whole lot easier, especially for homes that are using other Amazon products such as Echo. Soon, you will just have to say you want some cage-free eggs and a bottle of kombucha to make it a reality.Related: Amazon Awarded Patent for Parachute Shipping LabelCompanies that are major suppliers to Whole Foods — which has struggled lately as everyone from Kroger to Walmart has added organic foods to meet growing demand — may be big winners or huge losers. Amazon will crunch mountains of data to draw conclusions about what’s working, what should be kicked to the curb and what fits its broader strategy. For example, suppliers to Amazon’s growing number of private label brands may benefit as these products may now be placed at Whole Foods. Among the growing list of brands Amazon owns that could sell at the grocery stores are Mama Bear organic baby food and Happy Belly, which sells such things as nuts, granola, eggs and coffee. Over and above the general margin pressure that all vendors will face, as Amazon pushes its own brands at stores, traditional consumer packaged goods (CPG) companies currently selling at Whole Foods may suffer.Perhaps the biggest losers are other grocery stores, be they national chains or local, one-off neighborhood stores. This is the moment Amazon stops dabbling in the groceries segment and gets competitive. In the past, when Amazon has sought to win a new business, whether that’s books or clothing, it’s driven prices lower. Grocers, from Safeway and Kroger to Walmart and Target, will have to withstand increased price pressure and will have to redouble efforts to evaluate, adapt and enhance their digital and delivery offerings too. Lastly, home food delivery services, which have multiplied in recent years, may find their models under siege.Finally, this move may be part of an even larger strategy at Amazon that could create even more winners and losers down the line. After all, it’s hard to imagine that this is the last traditional retail industry that Amazon will disrupt. Companies working in everything from home improvement to drug stores should sit up and take notice. 5 min read Guest Writer June 19, 2017 Craig Lawson Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Co-Founder and Managing Director at MHT Partners Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalslast_img read more

Laptop Buying Tips Part 2

first_imgTechnology Laptop Buying Tips, Part 2 Brought to you by PCWorld Add to Queue –shares June 25, 2008 Last week I kicked off a three-part series of articles offering tips for buying a laptop. James A. Martincenter_img 6 min read Free Webinar | July 31: Secrets to Running a Successful Family Business Register Now » In the first installment, I compared reader survey results from PC World and Consumer Reports (subscription required) regarding which laptop makers offered the most reliable products, and the best service and support. Lenovo and Apple earned the most kudos in these areas, though there was some variation between the two surveys regarding the reliability of Apple laptops.This week I consider top choices from those vendors (and others), plus the best times to buy a new laptop. Next week I’ll discuss the best places to buy a new laptop; how much should you expect to pay; and ideas for financing your new portable.Lenovo ThinkPad X61Best Buy, PC World Top 10 Ultraportable Laptops: reviewCurrent online pricing: $1535 and upLenovo’s ThinkPad X61 earned the overall best PCW rating (84) of any Lenovo or Apple laptop currently on any PC World Top 10 laptop chart. (The charts feature power laptops, desktop replacements, and ultraportables.) Only the Micro Express IFL9025, the Top 10 Power Laptops Best Buy, earned a higher rating (85).The ThinkPad X61 is an ideal ultraportable. It weighs only 3.6 pounds, and its extended-life, four-cell battery lasted an impressive 6 hours, 14 minutes in our tests. With a PCW WorldBench 6 Beta 2 score of 75, it’s the best performing of our currently tested ultraportables. (By comparison, Apple’s MacBook Air earned a WorldBench 6 Beta 2 score of 57.There are a few downsides: The ThinkPad X61 lacks an internal optical drive, and the keyboard has an eraserhead pointing device but no touchpad. Overall, though, we found the X61 to be an excellent choice from a company with solid reliability and service scores.Acer Aspire 5920-6954Best Buy, Top 10 All-Purpose Laptops: reviewCurrent online pricing: about $800 and upAcer didn’t receive the same high ratings in service and reliability from PC World readers as did Apple and Lenovo. But the company was rated better-than-average in one out of four reliability measures and two out of four service criteria. None of the other laptop makers (aside from Apple and Lenovo) fared as well. Add that to the fact that this laptop earned the highest PCW score (83) of any Acer portable, and the Aspire 5920-6954 is worth adding to your short list.The Acer Aspire 5920-6954’s under-$1000 price tag is compelling. This laptop offers just about anything you’d want in a budget portable, including a roomy hard drive (250GB in our test unit); an HDMI port for high-definition video; a terrific keyboard; and–a rarity for a laptop in this price range–a dedicated graphics processor (nVidia GeForce 8600M GS with 256MB of memory).At 7.3 pounds, the Aspire 5920-6954 is a bit of a back breaker, and its battery life was average, at 3.8 hours in our tests. But it offers good performance (WorldBench 6 Beta 2 score: 70) at a price we love.Apple MacBook ProNo. 6, Top 10 Power Laptops: reviewCurrent online pricing: about $1950 and upIf you’re a die-hard Windows user who wouldn’t ordinarily consider a MacBook, consider this: The 17-inch MacBook Pro set new speed records last year as the fastest Windows laptop in our tests to date. (The MacBook Pro’s record has since been broken.) Add to that Apple’s excellent ratings for reliability and service in our reader survey, and you’ve got a compelling power laptop.The MacBook Pro earned an overall PCW score of 80, which is very good. The laptop is packed with features, including an elegant design that’s only 1-inch thick, solid graphics performance, and the fabulous Mac OS X Leopard. At 6.6 pounds, The MacBook Pro is among the lightest 17-inch notebooks available.Apple didn’t pack everything into the MacBook Pro. It lacks memory card slots, has only three USB ports, doesn’t offer a cellular broadband option, and comes with an ExpressCard/34 slot instead of a more versatile ExpressCard/54 slot. Battery life was so-so, lasting just 2 hours, 45 minutes on one charge. Still, this gorgeous laptop makes an excellent desktop replacement.When to BuyYou need to consider several factors if you want to time your laptop purchase to get the best deal.Often, laptop prices are discounted in late January to February during inventory clearance, in July and August for back-to-school shoppers, and during the year-end holiday season.Existing laptop models are often discounted when the cheaper-faster-better version is announced or ships. This happens throughout the year, so it’s harder to time. If you have a particular laptop maker in mind, consider researching its product introduction cycles for clues as to when to buy.For example, Apple updates its MacBook Pro lineup approximately every eight to nine months. The first MacBook Pro was announced January 10, 2006, followed by subsequent models nine months later (October 2006), eight months later (June 2007), and then again, another eight months later (February 2008).If history is any indication, then, it’s likely Apple will refresh the MacBook Pro lineup in October or November 2008. Later this year you may find suddenly discontinued MacBook Pro models available at attractive discounts.I’ve covered this topic in more detail in “When to Buy a Laptop.”Mobile Computing News, Reviews & TipsApple’s Tempting iPhone 3G: If you held off on the first-generation iPhone, the new iPhone 3G may finally tempt you. PC World’s Melissa J. Perenson offers five reasons to consider the second-generation smart phone from Apple, including price (the 8GB iPhone is $199, down from $399); the faster Web experience; and improved support for international use.Are Smart Phones Security Risks? A new survey says that smart phones may pose a greater security risk than laptops or mobile storage devices. According to the survey, nine in ten smart phones are given access to company networks without extra security measures. The result: Smart phones can make it easy for thieves who steal them to access confidential information.XM Radio on BlackBerrys: Owners of any RIM BlackBerry with version 4.2 or later of the BlackBerry operating system can now listen to a limited version of XM’s satellite radio service on their handheld regardless of their wireless carrier. Expect to pay about $8 monthly for a service with 20 XM channels, mostly rock and pop.Contributing Editor James A. Martin offers tools, tips, and product recommendations to help you make the most of computing on the go. Martin is also author of the Traveler 2.0 blog. Sign up to have the Mobile Computing Newsletter e-mailed to you each week. 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Bitcoin Is Now Tax Free in Europe

first_img Learn how to successfully navigate family business dynamics and build businesses that excel. Bitcoin –shares Matt Clinch Bitcoin Is Now Tax Free in Europe Next Article Virtual currencies can be exchanged tax free in the European Union, following a ruling from the highest court in Europe on Thursday.Bitcoin and its alternatives can now be treated in the same way as traditional money, according to the European Court of Justice.It said in a statement Thursday morning that bitcoin transactions “are exempt from VAT (value-added tax) under the provision concerning transactions relating to currency, bank notes and coins used as legal tender.”The ruling comes after a dispute in a Swedish court when David Hedqvist, a Swedish national, applied for permission to operate his online bitcoin exchange. The Swedish Revenue Law Commission initially told Hedqvist that bitcoin was exempt from VAT but the Swedish Tax Authority appealed against that decision.Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.The ruling paves the way for potentially cheaper transactions within the EU and therefore a boon for the nascent industry. Jonathan Rogers, partner in the financial services regulatory group at international law firm Taylor Wessing sees it as an opportunity for emerging forms of financial services.”(The ruling is) a shot in the arm – bringing growth and consolidation.,” he told CNBC via email.”Greater clarity can now emerge in the debate about how to regulate virtual currencies, leading to increased credibility and consumer confidence; in turn, virtual currencies will have a much greater critical mass in the financial services system.”The price of bitcoin saw a slight increase after the news, rising around 3 percent, close to $8, during Thursdays’ session.In September, the U.S. Commodity Futures Trading Commission (CFTC) said that bitcoin would be classed as a commodity in the country along with gold and oil.The announcement came as the regulator ordered bitcoin options trading platform Coinflip, and its CEO Francisco Riordan, to cease trading due to it not registering and complying with its regulations. It added that it had also filed, and simultaneously settled, charges against the San Francisco-based firm.—CNBC’s Arjun Kharpal contributed to this article. Register Now » This story originally appeared on CNBC October 22, 2015 Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue 2 min readlast_img read more