Commentary Buckeye pride survives winters cold at Frozen Diamond Faceoff

Ohio State’s alma mater “Carmen Ohio” states that the bond between Buckeyes and this university lasts through “summer’s heat or winter’s cold.” Never has this been more true than at Sunday’s Frozen Diamond Faceoff. OSU fans have been known to travel to support their team, but rarely does such travel involve braving frigid temperatures for hours at a time. Yet temperatures in the mid-20s didn’t deter Buckeye fans from traveling to Cleveland from across the state and beyond to cheer on the OSU men’s hockey team as they took on Michigan in Ohio’s first-ever outdoor college hockey game. Even as the Wolverines cooled the Buckeyes off on the ice, 4-1, fans stayed put through wind and cold at Progressive Field. And it wasn’t just the fans who showed their dedication to the team. The OSU athletic band performed throughout the game, even performing “Script Ohio” on ice. Though they faced some challenges playing their instruments in freezing temperatures, their enthusiasm never deflated as they performed OSU staples throughout the game. Some band members even opted to keep their mouthpieces in their pockets to keep them warm when they weren’t playing, but when I spoke with them, there were no complaints about the cold. There was only excitement to be playing at such a historic event. The cheerleaders, likewise, trudged through a snow-covered baseball diamond to lead cheers and keep the crowd engaged as the sun set and temperatures continued to drop. The game itself was a spectacle unlike any other I’ve experienced during my time at OSU. The players, it seemed, were in awe of the experience, but their play didn’t have the same fire that many OSU hockey fans have come to expect from the No. 2-ranked team this season. But what the team lacked, the crowd made up for. As Michigan answered OSU’s only goal with two goals of its own in a 28-second period to cap the scoring, the crowd stayed put even though OSU’s hopes for a win had deflated. The final buzzer signaled an OSU fan’s worst nightmare ­— a Michigan victory, but the band still sounded the starting notes of “Carmen Ohio.” In perhaps the only appropriate finale to such an event, the team, the cheerleaders, the band and the fans linked together and sang out the words to the alma mater that they had lived out firsthand. OSU fans have proven their loyalty through “summer’s heat” time and time again. But Sunday, despite a loss to an archenemy, despite the fact that their mouths froze to their instruments and despite the fact that many probably couldn’t feel their toes, OSU fans proved their loyalty through “winter’s cold.” read more

Last OSU womens lacrosse player set to leave hospital

The last of six Ohio State women’s lacrosse players hospitalized for a rare but potentially dangerous muscle disorder is set to be released from the hospital at noon Wednesday, Christopher Kaeding, the head team physician for OSU’s athletic department, told The Lantern in an email.  OSU assistant director of athletic communication Alissa Clendenen was not sure whether the six athletes would play in the team’s next game, scheduled for Sunday, but she did say in an email, “once released, players are not expected to miss any time because of their condition.”  On Friday, six OSU women’s lacrosse players were admitted to the Wexner Medical Center at OSU to be evaluated after showing symptoms of rhabdomyolysis, OSU assistant director of athletics communication Alissa Clendenen confirmed to The Lantern. Rhabdomyolysis, a muscle disorder that causes a breakdown of muscle fibers and releases a protein called myoglobin into the bloodstream, can cause kidney damage and in extreme cases, kidney failure. Trainers evaluated the team for symptoms after one athlete complained of not feeling well, according to the release. None has kidney damage, according to media reports. The names of the six players have not been released. In January 2011, 13 football players at the University of Iowa developed the disorder after overexertion during a squat-lifting workout. A report cleared coaches, players, physicians and trainers for wrongdoing but recommended the strenuous workout that contributed to the hospitalizations be dropped from training. All 13 players made full recoveries. The women’s lacrosse team did not have games this past weekend. They next play at Canisius in Buffalo, N.Y., Sunday at 1 p.m. read more

Big changes to Big Ten divisions

The Ohio State Buckeyes and Michigan Wolverines, two of college football’s fiercest rivals, could meet one another in the Big Ten Football Championship Game at the conclusion of the 2013 regular season. That will no longer be a possibility in 2014, when OSU and Michigan will be realigned to the same division of the Big Ten, according to a report from ESPN. ESPN reported that the conference plans to vote this week to approve a new divisional alignment when the conference expands to 14 teams from 12 in 2014, along with new division names and an expansion of the conference schedule. Under the reported alignment, the often-criticized Legends and Leaders division names will be replaced by geographic designations East and West. OSU and Michigan will both be placed in the East division along with Michigan State, Penn State, Indiana and the conference’s two new additions, Maryland and Rutgers. The West division will consist of Illinois, Iowa, Minnesota, Nebraska, Northwestern, Purdue and Wisconsin, according to the report. Brett McMurphy, one of the reporters who broke the story for ESPN, told The Lantern in an email that “it’s not surprising” the conference plans to change the names of its divisions because of negative feedback to those names. “(With) the fact you could split the league in half geographically, it was a fairly easy decision,” McMurphy said. “I think it’s a great long-term decision to split the divisions into East and West.” McMurphy said he does not believe rivalries or competitive balance played a role in the restructuring of the Big Ten but was simply based upon geography. “Some would argue that East is much stronger than West (in college football), but in all conferences one division is usually stronger than the other,” McMurphy said. During a February interview with The Lantern, OSU athletic director Gene Smith said there was a “real lean toward geography” in realigning the conference for 14 teams but added that both he and Michigan athletic director Dave Brandon thought it would be “beneficial to the conference” to have both teams in the same division. The Big Ten did not immediately respond to The Lantern’s request for comment. OSU football historian Jack Park said in February he thought it would be a positive for the Big Ten to have OSU and Michigan in the same division. “I really think it would be good to do that,” Park said. “I think you’re going to have enough balance with the other good teams that wouldn’t be a problem, although maybe some of the other teams that are in that particular division wouldn’t like that (playing in the same division as both OSU and Michigan).” Not all fans are in favor of OSU and Michigan being on the same side of the conference. “If we (OSU) had a chance to be in a (Big Ten) championship game against them, that would be probably the ultimate game,” said Alex Davidson, a second-year in agricultural engineering. ESPN also reports that the Big Ten plans to expand its conference football game schedule to nine games from eight, which would allow each team to play all six teams in its division plus three from the opposite division each year. Smith said in February that the conference was considering expansion to either a nine- or 10-game conference schedule, but a nine-game schedule was more realistic for the purposes of scheduling stronger non-conference opponents. “We have to have seven home games for our local budget, so there’s a management issue there if you go to 10,” Smith said. “Nine gives us that flexibility to do that, and schedule up, which is what we were doing. Under the proposed schedule expansion, Big Ten teams would alternate between playing five conference games at home and four conference games on the road, and five on the road and four at home, each year. By limiting the schedule expansion to only nine games, Big Ten teams can still schedule a non-conference game on the road in years when they have five conference games and still have seven home games. read more

BSE closes points 11563 up on Dec 27

first_imgNew Delhi, Dec 27 (ANI): Trading at the Bombay Stock Exchange today closed 115.63 points up to stand at 21,190.22. At the National Stock Exchange the Nifty closed 34.90 points up to stand at 6,313.80. Gitanjali Gems and Apollo Hospitals Enterprise Ltd. were among the top gainers of Group A with an increase of 11.08% and 6.39% along with Bank of India and NHPC with an increase of 4.09% and 3.95% respectively, while the top losers of Group A include MCX and Aurobindo Pharma Ltd. with a decrease of 4.46% and 3.25% along with Suzlon Energy and Jain Irrigation with a decrease of 3.20% and 3.12% at the close of the markets. The Auto sector is down 30.29 points at 12,288.47 while the banking sector is up 50.00 points at 13,056.60 and the realty sector is up 4.04 points at 1,453.78. The Indian currency is up 0.43% at Rs 61.89 per dollar.last_img read more

Dept to include fire safety norms in school syllabus

first_imgKolkata: The state Fire and Emergency Services department is planning to include fire safety and security measures in the school curriculum. “It is important for everyone to have knowledge about safety and security from the fire. So we are working on introducing it in the school syllabus,” state Fire and Emergency Services minister Sovan Chatterjee said at a programme on Fire Services Week at Academy of Fine Arts on Saturday. According to Chatterjee, the state government has given a major boost in developing the infrastructure of the Fire department and has set up as many as 70 fire stations across the state since 2011 after the Trinamool Congress came to power. Also Read – Heavy rain hits traffic, flights”We have identified some fire-prone areas and some regions where the fire tenders face difficulty to enter because of narrow lanes and bylanes. We have procured modern equipment and are still continuing to do so to fight the fire at places where it is difficult to reach,” Chatterjee said.He added that under the instructions of Chief Minister Mamata Banerjee, the department is procuring ladders for better fire-fighting in the high-rises. “We have already floated the tender for procuring ladders,” he said.Officials from the fire department demonstrated how preliminary fire-fighting measures may be implemented to prevent it from spreading. A number of school students and commoners were present during the demonstration. Director General of Fire Services department Jagmohan also attend the event along with other senior officials of the department.last_img read more

Win an MSC cruise through TravelBrands BDM Facebook page

first_img TORONTO — TravelBrands is partnering with MSC to give away a free cruise on the TravelBrands BDM Facebook page.From March 13 – 31 agents have the opportunity to win a seven-night cruise in a balcony cabin onboard the new MSC Seaside.Here’s how the promotion works:1. Facebook members will automatically receive one ballot2. Facebook members will receive one ballot for every MSC booking made during the contest window3. Answer fun MSC Trivia questions throughout the contest and receive one ballot, plus one agent will receive $50 bonus Loyalty Points.During the last week of the promotion period TravelBrands says it will open the promotion up to the rest of its travel agent partners to earn a great free cruise. Facebook members will receive two ballots for every MSC booking during the last week.“We encourage all our agents to join our Facebook page as it provides you with exclusive incentives, invites and up to date constant assistance and information,” says the company. “We are making waves with the benefits of joining ‘Your TravelBrands BDM’ Facebook page and it just keeps getting better.”More news:  Sunwing to further boost Mazatlán service with new flights from OttawaTravelBrands says it wants to show the industry “just how much there is to offer with the cruise line and we have a lot in store over the next few weeks to keep our agents informed, engaged and motivated to sell MSC product.”For more details and information, click on travelbrandsagent.com.TravelBrands also has a client incentive: an exclusive onboard credit deal to help close the sale. The OBC is worth up to $300 and applicable on select departures and staterooms. Win an MSC cruise through TravelBrands’ BDM Facebook page Tuesday, March 14, 2017 Travelweek Group Posted bycenter_img << Previous PostNext Post >> Tags: TravelBrands Sharelast_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

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

A sigh of relief was audible over west London yest

first_imgA sigh of relief was audible over west London yesterday evening as BSkyB discovered it had retained the rights to the English Premier league until 2016 – but at what cost?Rumours had emerged that Al Jazeera and its seemingly bottomless bank balance were preparing to enter the costly, but potentially rewarding, world of English football rights. The Qatar-based broadcaster made waves in France when it snaffled the pay-per-view rights to Ligue 1 football in France, previously held by Canal Plus.For Sky, EPL football has been the corner stone of its service since the creation of the league in 1992. Twenty years and 10 million subscribers later, the decision to invest so heavily in the League has paid off. But after the champagne corks popped last night Sky execs were forced to reflect on the huge hike in the amount it will pay the EPL – some £2.3 billion (€2.8 billion) over three years. That is a massive sum in all respects, but it seems even more gratuitous given Europe’s crippling financial situation.Sky has reached an interesting point in its evolution. Reaching the 10 million subscriber landmark was an impressive achievement. But where does it go from there?Pay TV growth has slowed and is unlikely to increase significantly, so the operator needs to look elsewhere to grow revenues. Sky has innovated well with value-add services like HD and Sky Plus proving particularly popular – but there are millions of customers who take Sky services purely for the football. To maintain its growth path, the decision was simple for Sky – it had to win those rights.Now they have them, it will be interesting to see what demands the operator will make to balance out the whopping fee it paid. The cost of Sky Sports subscriptions will rise, no doubt. Whether cash-strapped viewers will be prepared for it is another matter. Insiders have also suggested that Sky will have negotiated concessions from the Premier League in terms of the scope of their coverage. The possibly of getting dressing room access has been muted, for example.More surprisingly than the amount Sky has paid to retain the rights is BT sneaking under the radar to nick the two packages of rights currently held by ESPN.No doubt Ian Livingston, BT’s CEO, could be heard muttering ‘caveat emptor’ to himself in the days before the telco submitted its bid – for the buyer must beware when previous owners of the two rights packages, ESPN and Setanta, struggled to build a sustainable business. Unlike those broadcasters, BT has the deep pocket required to take a financial hit and will no doubt be thinking about longer term strategies than trying to make a quick buck.The telco has struggled to set the UK pay TV market alight with its BT Vision platform and will be hoping that the launch of a sports channel that airs exclusive Premier League matches will act as a catalyst to boost numbers. With the imminent launch of YouView, optimising its content offering is imperative. But perhaps even more pressing for BT is attracting customers to its new high speed fibre network – something that it could easily bundle into its exclusive sports offering.So what about ESPN? The Disney-owned broadcaster is already considering exiting a number of international markets. Disney chairman and chief executive Bob Iger recently told investors that the broadcaster was “going to continue to look at [international] opportunities with an eye toward determining whether they have the ability to grow or, in some cases, become profitable or, if not, potentially exit those markets”.While there’s no suggestion that ESPN will close its UK operation, it will struggle to retain customers without the carrot of the Premier League.@dtvegrahamlast_img read more

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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

Of course even newer disruptive technologies suc

first_img Of course, even newer disruptive technologies, such as 3D printing, will, over time, begin to carve into the market share of Internet retailers – so that’s another interesting area for personal and professional study. Regardless, the nature of local businesses has changed, and it’s not changing back. (I would be remiss if I didn’t mention the excellent work that Alex Daley and his team at Casey BIG TECH do in keeping subscribers up to speed on the latest big developments in technology and how to profit. At just $99 a year, with a full three-month money-back guarantee, it’s truly a no-brainer. Learn more and sign up today.) Three Reasons the Case for Gold Remains Intact While it’s nice to see gold bounce off recent lows and stage a rally of late, short-term price action is of little personal concern as I don’t trade the physical metals: I own them as a long-term insurance against further currency depreciation. In that regard, however, it’s worth periodically pondering whether the base case for holding gold – or any asset, for that matter – remains intact. Here are three quick observations on why I think the gold bull is still well intact. Reason #1: Opposition to Austerity Today it was announced that EU unemployment continued to rise into record territory, up to 12.2%. As this is a region-wide stat, you can safely assume that in the poorer member countries, and especially among the young and minority groups, the rate is easily twice that number. As a consequence, the odds of the EU adopting widespread austerity – i.e., significantly pulling back government spending – is just not going to happen. Supporting that contention was an article out of the Financial Times today, titled “EU eases hard line on austerity.” And I quote… “Brussels will on Wednesday give its clearest signal yet that it is moving away from a crisis response based on austerity, allowing three of the EU’s five largest economies to overshoot budget deficit limits and pushing instead for broader reform.” Likewise, looking forward to the near future here in the United States, as our own Bud Conrad did in the current edition of The Casey Report, shows that rather than moving into a period of easing demand on government expenditures, the aging baby boom bubble is about to greatly exacerbate the problem. On the other side of the podium, we witness social proof in action – the deep-seated human trait of unquestioningly modifying behavior in order to stay in sync with the actions of others around us. Which is to say that because we see everyone else going along like sheep, we go along too. Otherwise we might have answered Jabba’s ridiculous questions with something along the lines of, “Look moron, if you can’t read the identification card in your hand that confirms my name, or the ticket that confirms my destination, maybe you’re in the wrong line of work.” But we don’t do that, because no one else is doing it. And sadly, if we did, then Jabba would press a button on his podium, and we’d fall into the Pit of Rancor (or whatever the equivalent is in today’s militarized Homeland Security system). I mention all of this because this scenario – and the underlying forces at work – when considered on the larger stage of the US, are equally evident. You have a bloated government degraded by its power, choking on its own neck fat (debt), foisting ridiculous and ineffective regulations and policies on a spineless public who has been trained through media and overt intimidation to toe the line, or else. Just as the TSA agent felt comfortable loudly joking about lording it over the passengers unfortunate to be in his queue, the US government feels comfortable ignoring principles, morals, and ethics that, until recently, pretty much defined the national character. And why not? Anyone brave enough to “see something and say something” – at least as far as government overreach is concerned – will, as the recent IRS and AP cases demonstrate, quickly find a target painted on their back. And so it was that we shuffled through the final security lines and onto our plane back to Vermont. The War on Bitcoin When I first read the government inquisitor’s comments on Liberty Reserve, my initial impression was that they were referring to Bitcoin. That’s because the terms used in describing the federal indictment for Liberty Reserve’s purported crimes read as if lifted from a Bitcoin sales brochure. Simply, the crux of the complaint is that the transactions through Liberty Reserve were designed to be outside of the central banking system and anonymous, and so were conducive to the laundering of money. It seems hard to argue that government prosecutors, in their attack on Liberty Reserve, were taking great pains to frame the argument for going after Bitcoin next. The champions of Bitcoin immediately rallied behind the BC flag, touting the fact that unlike the operators of Liberty Reserve, Bitcoin is a massively distributed system with no obvious individuals readily available for perp-walking. Now, I know I will sway no one with my comments – Bitcoin has that sort of dedicated followers – but, in my opinion, having laid hands on the people behind Liberty Reserve, the governments will now publicly crush their bones as part of deterring the average person from wanting anything to do with Bitcoin, or, for that matter, any other non-sanctioned e-currency. Moreover, I suspect it is the first shot in a wider campaign to scare away heretofore vocal and visible champions of Bitcoin, the “thought leaders” that have been so helpful in Bitcoin gaining market share. Is publically advocating the use of Bitcoin the equivalent of publically advocating a money laundering service? Could such an advocacy result in your arrest and confinement? Don’t know… maybe you’d like to push the outer edge of the envelope and find out? (Do criminal defense lawyers accept bitcoins? You could find that out, too.) Regardless, I think it is as certain as certain can be that the government is preparing to wage war on Bitcoin – and that will scare off merchants who accept Bitcoin, or who were contemplating it. While individuals may be able to fly below the radar, merchants who need to advertise their willingness to deal in bitcoins offer up a fixed target. Okay, I suppose you could get away with it on Silk Road, but for demand for Bitcoin to grow – very definitely a driver of its value – it needs distribution. With regular folks and merchants alike deciding the risk is not worth the possible reward of dealing in BC, demand and prices will be capped. While it’s hard to tell how Bitcoin will ultimately fare… I think the right questions we as possible consumers of the e-currency have to ask is, (a) whether its value is intrinsically linked to its ability to operate in the open, and (b) whether it can withstand a full-on government assault. And never for a minute lose sight of the fact that the government defines the rules. If your permanent government file might be amended to flag you as a possible anti-government revolutionary solely for visiting a Bitcoin-related website, would you take the risk? Though I certainly appreciate the effort to launch an alternative, anonymous currency – I see Bitcoin as V.1. in that regard and very much susceptible to being mugged by the monetary mafia running this joint. Maybe I would buy some solely for entertainment purposes, but for anything resembling real money, I’ll take things more tangible. The Changing Face of Main Street Living in a small town in the middle of nowhere in Argentina very much changes one’s priorities. In my opinion, for the better. For instance, given the lack of big stores and easy access to consumer goods, you quickly come to understand what you actually need to live a good life… fresh food, basic transportation, good friends, and, as a real luxury, domestic help. In the US, by contrast, it is easy to become convinced that a fulfilled life requires the latest in an unceasing river of electronic gadgets, fancy cars, etc., etc. Case in point, I deliberately only took a small wardrobe to Cafayate – a handful of shirts, a couple of jeans, underwear, socks, etc. As the place is very informal, as there’s no need for cold-weather gear, and as we have a maid that washes five days a week, there’s never a risk of running short of anything. Only on returning to the States did it dawn on me just how much “stuff” we have accumulated over the years, starting with a large closet overflowing with clothes for every occasion… much of which I almost never wear. Then there are the toys and electronic gadgets and other clutter, each piece of which I had become convinced at one point or another that I simply had to own – but now that I do, for the life of me I can’t remember why. But that’s sort of the point. In the US, especially, exceptional marketers are supported by technology that makes shopping ridiculously easy. Thus, once you become convinced you simply must own something, the thing almost falls into your lap. That is very much not the case in a small town in Argentina or, for that matter, thanks to the anti-trade stance of government there, in the big city either. Yet, yesterday, needing a new headset for my computer (I left mine in Argentina), I stopped in at three local retail stores of the sort that would typically be expected to carry headsets and was surprised that not only they didn’t carry them, but that their inventory of anything at all was positively skeletal. In each case, the clerk apologized and offered to order it for delivery later in the week. Given that I am entirely capable of logging onto Amazon and choosing from a seemingly limitless array of headsets, I politely declined and, on returning home, did just that – ultimately selecting a pair from over 63,000 offerings with the help of a convenient rating and review system. As a result of this experience, I was reminded that the very nature of commerce in the US has gone through a profound shift over the last decade. No longer can mom and pop hope to set up shop on Main Street and successfully sell anything other than items appealing to instant gratification (ice cream, prepared food, candy bars, wine, etc.), or services related to existing goods (dry cleaning, car repair), or services related to navigating the complex society (accounting, legal). Pretty much everything else falls under the purview of the online merchants or the mega-box stores that can afford to carry a big enough inventory of reasonably priced products to compete with the online sellers. In time, even the big-box stores won’t be able to compete with infinity, however. Interestingly, though, online sales are still only about 5% of total retail sales in the US. This despite the latest surveys that show that, across all demographic groups, about 41% of the public prefer shopping online. Which, of course, means that 59% of the people prefer to do their shopping in stores. To me this feels like the sort of crossroads that must have arisen during the early adoption of the “horseless carriage”… when a majority of people, when asked, would have sworn by old Betsy and vowed to never change. It feels like opportunity to me, as the creative destruction of the Internet moves inexorably forward. Of course, it’s just a matter of time before widespread changes in the tax structure stop giving the online retailers a tax advantage over local merchants, but all that will accomplish is to cause consumer prices to rise. That still cannot address the distributed merchandising model such as used by Amazon that means if they don’t have exactly what you’re looking for, one of their tens of thousands of affiliated merchants will. Young people in America face the real challenge of finding a way to succeed in an economy on the downslope, where government regulations and labor-related costs make employees a liability and not an asset. I think Internet retailing is one of the few real bright spots, convinced as I am that it is still in its infancy. Dear Reader, When last I wrote, it was from my favorite place in the world, Cafayate, Argentina, as I prepared to return to the United States for the Northern Hemisphere summer. Leaving off, I was positively brimming with the health and vigor of life lived large in the big-sky country of the Argentine outback. Unfortunately, immediately upon arriving back in the US, I was laid low by a high fever, exacerbated by a week-long absence of the sun, and topped off with a spell of freezing temperatures and even snow… this at the end of May! Today, a week and a bit later, I’m mostly recovered though still periodically hacking like a TB patient. Other than a single afternoon, the sun has put in sporadic appearances, and the forecast for the next three days is more of the same. Ugh. Given the backlog of work that has built up during the transition back north, compounded by the unexpected bed rest, I don’t think I’ll get stuck in any particularly long or complicated themes today, but instead plan on sharing some briefer observations that have come to mind since my return. Human Nature One of the advantages of flying into the US via Asunción is that relatively few Americans traveling to the Southern Cone include Paraguay on their itinerary. I’m not sure why, but when mentioning my tangential affection for Paraguay to an American, I invariably get the same sort of look I imagine would be given on announcing I enjoy vacationing in the rougher parts of the Democratic Republic of Congo. Regardless, unlike traveling from Buenos Aires, which is hugely popular among Americans, a US citizen arriving at JFK airport from Asunción has the “US Citizens Only” line pretty much to themselves. While it is irksome to have any institutionalized interference in one’s travels, in fairness, the processing back into the US as a citizen is mostly painless, a quick question or two followed by a “Welcome back.” Thus welcomed, we had to gather our bags, change terminals, and recheck in for the continuing flight to Burlington, Vermont, the nearest big city to our home here. As the bags took a surprisingly long time to spew forth onto the luggage carousel, the leisurely connection time we had allowed for was greatly diminished, resulting in something of a scramble in order to make our connecting flight. Thanks to the AirTrain at JFK, once we had bags in hand, we made solid progress before once again getting hung up in the “baggage drop” process at JetBlue where the line was both long and slow. In Argentina I have become comfortable with patiently waiting in lines; however, back in the Land of the Efficient, I found my stress level rising thanks to the uncaring inefficiency. To wit, even though the line was well backed up, the airline had only two people working the counter, and one of those was tied up with a problem case (there’s always at least one). Thus what should have been a quick and painless operation dragged out for the better part of thirty minutes. Finally, with our flight time rapidly approaching, it was time to run the security gauntlet, stepping into a rope chute leading, side by side with another chute, to a podium whence a TSA operative was charged with checking the tickets and credentials of passengers. While one should give credence to differences in metabolic functioning – people process body fat more or less efficiently, leaving some people effortlessly thin while others have to fight a constant fight against weight – the only conclusion one could reasonably draw in the case of this particular TSA security officer was that he had long ago given up any pretense of dietary restraint or physical activity more strenuous than lifting cupcakes to his lips. As a result, rather than sitting in his high chair at the podium, he pretty much enveloped it with unflattering rolls of body fat cascading droopily over the side of his belt and dangling, jiggling, to the level of his seat. The idea that this was “America’s first line of defense” would have been somewhat funny if we hadn’t been in such a hurry and hadn’t known that to proceed, we first had to bow and scrape to his satisfaction. Even so, I’m a go-along-to-get-along kind of guy, especially when it comes to getting along to my flight, so I waited patiently for my turn at the podium. Which gave me about ten minutes in relatively close quarters to watch this first responder in his dealings with the public. Encouraged by the presence of a bland-countenanced female TSA officer who was standing nearby in order to observe him, I guess as a trainee, the human roadblock cavalierly split his attention between her and the two streams of passengers, one on his right and one on his left, that met up at his podium. The conversation went something like this… Jabba the TSAHutt (turning to his female trainee, but loud enough for us wannabe passengers to hear): “Oh, sometimes I get in a devilish mood, like now. So I ask people annoying questions such as…” (turning to the nondescript woman waiting on the right side of the line, taking her ticket and ID in hand and examining it)… “So, what’s your name?” Waits for her to answer, “And where are you going today?” That he already has the information directly at hand is part of the joke, which he acknowledges by turning back to the female trainee and winks, “See?” Moving at the speed of a slow glacier, he dragged the farce out for all it was worth, constantly pausing to make quips to the trainee, then leisurely turning back to ask the travelers similarly ludicrous questions, pausing every minute or so to stop a line and command people to step back away from the podium – even though if anyone encroached on some invisible line, it was by an inch or two as far as I could see. But he was having a grand old time, yakking it up with the emotionless TSA trainee (if she was getting the humor, she wasn’t showing it, but that didn’t seem to register with him), and treating the public like slow-witted children. I vividly recall the expression of a distinguished older couple in their seventies as they made their way slowly towards the TSA joke… er, joker. Written across their faces were a litany of emotions from anger and thinly disguised disdain to embarrassment that America had come to this. The husband visibly gritted his teeth when Jabba shoved a mitt in front of his wife’s face when she, too, came too close to the imaginary line separating the public from his official podium and said in his best imitation of a real cop, “Back away from the podium!” Finally, mercifully, it was our turn, which meant we might still make our flight. Like everyone else, I had to reply to his nonsense questions that had nothing to do with anything, then stand by while he similarly grilled my children. “What’s your name? Where are you traveling? Are these your parents? How old are you?” Then it was on to the backscatter X-ray machines, assuming the humiliating hands-over-the-head position, leaving us with only a couple of minutes to spare to make our already boarding flight. Now, I mention all of this not just to gripe about how degraded the travel experience in America has become – and it’s nothing like this anywhere else I have traveled in the last decade – but as a lead-up to a quick comment or two about human nature. You see, while the whole “show” was grating, the TSA officer was acting entirely in sync with human nature. For starters, he was showing off to a member of the opposite sex. Hasn’t that been a primary driving factor behind the actions of men since time immemorial? In addition, he was clearly imbued with the power that members of America’s security apparatus find so attractive. Everyone likes power, but for a person who has let themselves personally degrade to the point where he’s just a couple of Sloppy Joes away from drowning in his own neck fat, the TSA is pretty much the only job in the world that he can hold down with minimal effort and that offers power as a perk. But the psychological aspects run deeper than just that, because in the same way that white trash attempts to boost their ego by looking down their nose at Mexicans or blacks – this particularly poor specimen of humanity is able to find some modicum of self-respect in harassing and humiliating others, and being able to do so without fear of blowback. And thanks to the stultifying and downright stupid policies of the Fed, hand in glove with the government, over the last couple of decades, the aging population has been left horribly unprepared for their retirement, and hugely at risk to the next leg down. This from the Washington Post today… From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only been able to recapture 45 percent of that amount on average, after adjusting for inflation and population growth, according to the report from the St. Louis Fed released Thursday. In addition, the report showed most of the improvement was due to gains in the stock market, which primarily benefit wealthy families. That means the recovery for other households has been even weaker. “A conclusion that the financial damage of the crisis and recession largely has been repaired is not justified,” the report stated. And this… The Fed is spending $85 billion a month to lower long-term interest rates and stimulate the economy. It has also kept short-term interest rates to near zero. That has helped push stock markets to record highs, while home prices have jumped by the most in seven years. Consumer confidence is at its highest point since February 2008. Officials hope those factors will eventually result in more consumer spending power. Here’s the full article. So, in essence, the stock market, which the Post actually conflates with the economy, is being propped up by the Fed… as is the housing market. So, riddle me this, what happens when the Fed stops spending $85 billion a month? The answer is as clear as it is obvious. The Fed can’t stop QE, or if it does, it can’t stop it for long. This effectively leaves only one option to government policy makers – competitive currency devaluations of the sort that Japan is now pursuing. This despite the clear implications to the future of the fiat currencies. I thought the following, from Bloomberg earlier this week, pretty much says all that needs to be said on the situation… Koichi Hamada, an economic adviser to Japanese Prime Minister Shinzo Abe, told South Korea to adjust its own monetary policies if officials are concerned at the effects of a yen weakened by unprecedented easing. “Each country can take care of itself through its own monetary policy,” Hamada, 77, said in an interview in Tokyo yesterday. South Korean officials “shouldn’t blame the Japanese central bank, they should demand the Korean central bank have a proper monetary policy,” he said. South Korean exporters such as Hyundai Motor Co. stand to lose ground to Japanese rivals because of the yen’s 20 percent slide against the dollar in the past six months. The currency’s decline is adding to the risk of deteriorating relations between the nations, after South Korean Finance Minister Hyun Oh Seok said last month that the weak yen is a bigger economic risk than North Korean threats. In other words, it’s every country for itself. Buy gold with confidence. Reason #2: Declining Global Gold Productioncenter_img David Galland Managing Director Casey Research As Doug Casey has often pointed out, mining is a hated industry. Starting up a new mine, or even expanding an existing one, is viewed in much the same light as starting up a nuclear plant on a geological fault. As a result, despite prices having better than quadrupled over the past decade, gold mine production has peaked and is trending down. Even Chile, a country that has seen its fortunes substantially improved thanks to its mineral legacy, is now turning its back on the miners. This from Reuters yesterday… OPPOSITION TO MINING PROJECTS Opposition by environmental, indigenous and community groups to mega mining and power projects has led to a series of setbacks to billion dollar investments in Chile, the world’s No. 1 copper producer. Despite being one of Latin America’s most stable, prosperous countries, Chile suffers from high levels of income inequality, and many in the Andean nation feel a mining boom has bypassed them and harmed the environment. Pascua-Lama is one of the most unpopular mining endeavors in Chile. Many opponents are incensed that it has produced environmental harm and are particularly worried about the project’s effects on glaciers. Climate change has shrunk Andean glaciers between 30 and 50 percent since the 1970s and could melt many of them away altogether in coming years, according to a study published in January in the journal The Cryosphere. Separately, Chile’s judiciary is seen taking all of 2013 to weigh the indigenous allegations against the project, setting the stage for a protracted, costly legal battle. Critics say unclear Chilean regulations have contributed to a legal limbo that has led to the suspension of plans for hydropower projects in Patagonia, thermoelectric plants across the country and major copper mines high in the Andes. Here’s the entire article. Now, just to be clear, Pascua-Lama is located between 12,500 and 17,000 feet high… altitudes that are just shy of being fatal to the human species. The idea that there is a thriving community of “indigenous” people living the life at that altitude is a bad joke. The point is this: if a company is willing to actually spend the $8.5 billion required to bring a mine into production in a purportedly mining-friendly country in a remote corner that would otherwise be uninhabited, and it is blocked, then what are the odds of the industry being able to continue to move new projects into the pipeline? Somewhere between slim and none, and Slim just keeled over from altitude sickness. Reason #3:  Physical Demand While no one can say with complete certainty when the bottom will be put in for gold, there is abundant evidence that at a price of under $1,400, there is a deep well spring of demand. Support for this contention is abundant – for example, just this week… Asia gold demand to hit quarterly record, absorb ETF outflow-WGC LONDON, May 29 (Reuters) Asian gold demand from this April to June will reach a quarterly record as bullion consumers in the region take possession of supply freed up by selling from exchange-traded funds (ETFs), the World Gold Council (WGC) said on Wednesday. Gold prices fell to their lowest in more than two years at $1,321.35 an ounce in mid-April on signs of economic improvement in main markets and fears that central banks around the world could start to curtail their bullion-friendly policy measures. The council expects Indian gold imports to reach 350-400 tonnes in the second quarter, 200 percent higher than a year earlier and almost half of last year’s total imports. This also compares to imports of 256 tonnes in the first quarter of 2013. “We now definitely expect Indian demand to come in at the upper end of the 865 tonnes to 965 tonnes range that we had previously forecast for 2013 because of the effect of what happened in April,” Grubb said. Grubb said as net imports of gold into China reached around 160-170 tonnes in April alone and physical demand shows no sign of abating, total off take this year could reach more than 880 tonnes. This compares to a previous forecast of 780-880 tonnes. The implication is that the market is able to calculate the value proposition of owning gold over paper and, below $1,400, is clearly choosing gold. And it’s not just individuals, but institutional investors and even central banks. There are other reasons for the base case for gold remaining intact, including the very real potential of a black-swan event related to the mega-trillion dollars in derivative positions, but the combination of locked-in currency debasement, pressure on supply, and pent-up demand gives me all the reason I need to continue viewing short-term fluctuations to the downside with no concern, other than as a potential opportunity to add to positions. Friday Funnies High School 1957 vs. 2012 Scenario 1: Jack goes duck hunting before school and then pulls into the school parking lot with his shotgun in his truck’s gun rack. 1957 – Vice principal comes over, looks at Jack’s shotgun, goes to his car and gets his shotgun to show Jack. 2012 – School goes into lockdown, FBI is called, Jack is hauled off to jail and never sees his truck or gun again. Counselors are called in for traumatized students and teachers. Scenario 2: Johnny and Mark get into a fist fight after school. 1957 – Crowd gathers. Mark wins. Johnny and Mark shake hands and end up buddies. 2012 – Police is called and SWAT team arrives – they arrest both Johnny and Mark. They are both charged with assault and both expelled even though Johnny started it. Scenario 3: Jeffrey will not be still in class, he disrupts other students. 1957 – Jeffrey is sent to the principal’s office and given a good paddling by the principal. He then returns to class, sits still, and does not disrupt class again. 2012 – Jeffrey is given huge doses of Ritalin. He becomes a zombie. He is then tested for ADD. The family gets extra money (SSI) from the government because Jeffrey has a disability. Scenario 4: Billy breaks a window in his neighbor’s car, and his dad gives him a whipping with his belt. 1957 – Billy is more careful next time, grows up normal, goes to college, and becomes a successful businessman. 2012 – Billy’s dad is arrested for child abuse, Billy is removed to foster care and joins a gang. The state psychologist is told by Billy’s sister that she remembers being abused herself, and their dad goes to prison. Billy’s mom has an affair with the psychologist. Scenario 5: Mark gets a headache and takes some aspirin to school. 1957 – Mark shares his aspirin with the principal out on the smoking dock. 2012 – The police are called and Mark is expelled from school for drug violations. His car is then searched for drugs and weapons. Scenario 6: Pedro fails high school English. 1957 – Pedro goes to summer school, passes English, and goes to college. 2012 – Pedro’s cause is taken up by the state. Newspaper articles appear nationally explaining that teaching English as a requirement for graduation is racist. ACLU files a class-action lawsuit against the state school system and Pedro’s English teacher. English is then banned from the core curriculum. Pedro is given his diploma anyway, but ends up mowing lawns for a living because he cannot speak English. Scenario 7: Johnny takes apart leftover firecrackers from the Fourth of July, puts them in a model airplane paint bottle, and blows up a red ant bed. 1957 – Ants die. 2012 – ATF, Homeland Security, and the FBI are all called. Johnny is charged with domestic terrorism. The FBI investigates his parents, and all siblings are removed from their home and all computers are confiscated. Johnny’s dad is placed on a terror watch list and is never allowed to fly again. Scenario 8: Johnny falls while running during recess and scrapes his knee. He is found crying by his teacher, Mary. Mary hugs him to comfort him. 1957 – In a short time, Johnny feels better and goes on playing. 2012 – Mary is accused of being a sexual predator and loses her job. She faces three years in state prison. Johnny undergoes five years of therapy. Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad. It’s No Fun Getting Old My new neighbor is single and lives right across the street. I can see her house from my living room. I watched as she got home from work this evening. I was surprised when she walked across the street in the rain and up my driveway. She knocked on my door. I rushed to open it. She looked at me and said, “I just got home, and I have this strong urge to have a good time, get drunk, and have sex all night long! Are you busy tonight?” I immediately replied, “Nope, I’m free… I have no plans at all!” Then she said, “Good! In that case, would you look after my dog?” It’s no fun being old!!! And With That… I’ll sign off for the week by thanking you for reading and for being a Casey Research subscriber. Before I duck, I will also remind you that registration is now open for the only Casey Research Summit to be held this year – and it’s going to be a great one. The faculty, led off by Dr. Ron Paul, is truly exceptional. Most speakers, including Dr. Paul, are scheduled to participate side by side with attendees throughout the entire event as we systematically examine the truth behind today’s global economy and investment markets. The dates are October 4, 5 & 6, the location is Tucson, Arizona. Here’s a link to learn more and to sign up today while the early-bird registration pricing still applies. Until next time…last_img read more

The same pattern has played out again and again ar

first_imgThe same pattern has played out again and again around the world and throughout history. The worse a government’s fiscal health gets, the more destructive its policies become.This is the root of political risk.It’s no secret that political risk is snowballing in many parts of the world. This is especially true in the US and Europe, where welfare and warfare spending continues unabated. It doesn’t matter which party is in power.But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial well-being.You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.The same idea applies to political risk. If your home country “breaks”—and turns to the destructive policies I just mentioned—you could lose everything.Most people have medical, life, fire, and car insurance. You hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.International diversification is the ultimate insurance policy against an out-of-control government. Think of it as “freedom insurance.”It frees you from absolute dependence on any one country. Achieve that freedom, and it becomes very difficult for any group of bureaucrats to control you.The results can be life-changing. Recommended Link [EXPIRES MIDNIGHT] Today is your last chance to get the top pick of one of the most successful analysts in Bill Bonner’s network… and lock in a free year of one of his most popular research services. Click here for all the details. — Justin’s note: As longtime readers know, owning gold for the long term is one of our core recommendations here at Casey Research. And it’s now more important than ever. That’s because every day, the window to protect your personal and financial freedom closes a bit more.Today, we’re handing the reins to Crisis Investing editor Nick Giambruno to explain why… By Nick Giambruno, editor, Crisis InvestingIt’s predictable…A government in need of cash will turn to destructive “solutions.”Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal.As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more. Less than 10 people in the world know about thisTrue breakthroughs rarely happen in the world of market trading… But this is one of them. Developed in secrecy over five years, it’s a never-before-seen indicator of short-term stock profit opportunities. Only a handful of people know about this data-proven 93.5%-accurate way of picking future market wins… But now we’re throwing back the veil on it — so that YOU can get rich. Discover it now by clicking here. The Easiest First StepIt’s crucial to place some of your savings beyond the easy reach of your home government. It keeps that government from trapping your money if and when it implements capital controls or outright asset seizures. Any government can do either without warning.The ultimate way to diversify your savings is to transfer it out of the immediate reach of your home government and into something tangible.Something that cannot be easily confiscated, nationalized, frozen, or devalued at the drop of a hat or with a couple of taps on the keyboard—while retaining as much privacy as legally possible.Something whose value is recognized around the world and is not controlled by any government.Gold (and silver) fit the bill perfectly.There is nothing particularly American, Chinese, Russian, or European about gold. Different civilizations have used it as money for millennia. It’s always been an inherently international asset.Buying gold is perhaps the easiest step you can take towards diversifying your savings.When you buy gold, you trade in paper money—which the government can devalue and confiscate at will—for a hard asset that’s been a stable store of value for thousands of years.Gold is universally valued. Its worth doesn’t depend on any government.In other words, simply buying gold is the easiest way to lessen the political risk to your savings.Freedom InsuranceSomehow, someway, your home government will keep squeezing your pocketbook harder. It will keep subjecting you to escalating, arbitrary, and burdensome regulations and restrictions.Expect more government and less freedom all around.With each passing week, the window to protect your personal and financial freedom closes a bit more.Fortunately, you don’t need to be hostage to a desperate and out-of-control government.International diversification is a time-tested route to freedom. Wealthy people around the world have used it for centuries to effectively protect their money and their families.Buying gold is an important first step.Regards,Nick GiambrunoEditor, Crisis InvestingP.S. Buying gold is where to start. But there’s much more to do…The US government gets bigger, more invasive, and more aggressive by the day. But you can take concrete steps to protect yourself from this hostile giant.That’s why New York Times best-selling author Doug Casey and I just released an urgent video that explains more about the crisis that’s about to hit America…and why it’s so important that you take action today.You can learn more right here. Recommended Link —last_img read more

The attorney general of Oklahoma goes to court in

first_imgThe attorney general of Oklahoma goes to court in an unprecedented case this week.The state is charging drugmaker Johnson & Johnson with “a cynical, deceitful multimillion dollar brainwashing campaign” in order to sell opioids, according to The Guardian..The civil case is the first time a pharmaceutical company has gone to court over responsibility for the opioid epidemic. The Department of Health and Human Services estimates that more than 130 people died every day in 2017 due to opioid-related causes.The case comes amid another landmark lawsuit filed in March against Purdue Pharma LP, the company behind the narcotic OxyContin. “More than 600 cities, counties and Native American tribes from 28 states have filed a federal lawsuit against eight members of the Sackler family,” CNN reported. The Sackler family owns Purdue Pharma.More from CNN:Like other suits that have been filed, this one alleges the Sackler family made a fortune by using deceptive marketing to sell addictive and potentially deadly painkillers.“Eight people in a single family made the choices that caused much of the opioid epidemic,” the suit says, then naming the eight defendants.“Because they controlled their own privately held drug company, the Sackler Defendants had the power to decide how addictive narcotics were sold. They got more patients on opioids, at higher doses, for longer, than ever before. They paid themselves billions of dollars. They are responsible for addiction, overdose, and death that damaged millions of lives. They should be held accountable now.”What would justice look like for those who have been affected by the opioid epidemic? Who is to blame for the crisis?Produced by Jonquilyn Hill.GUESTSJackie Fortier, Senior health care reporter, StateImpact Oklahoma; @JackieFortierKatie Zezima, National reporter, The Washington Post; @katiezezBrian Frosh, Attorney General, MarylandTom Miller, Attorney General, IowaFor more, visit https://the1a.org.© 2019 WAMU 88.5 – American University Radio. Copyright 2019 WAMU 88.5. To see more, visit WAMU 88.5.last_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

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. Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article last_img read more

Glitch Sparks Ongoing Blockchain Outage Mt Gox Resurrects Site to Let Users

first_img Mt. Gox’s website is mysteriously back up and Blockchain.info is frustratingly down. Ah, the roller coaster drama Bitcoin users endure.Blockchain.info crashes, but funds remain unscathed  Blockchain.info, Bitcoin’s most popular Bitcoin wallet and block explorer service, blames a “bug in some database handling code” for causing an ongoing outage. Its site now reads “We Will Be Back Shortly,” and directs visitors to the company’s Twitter feed for updates.  We’re still working on the server issue, & are looking at a phased approach to bring the services online one at time. More updates to come.— Blockchain.info (@blockchain) March 18, 2014 Add to Queue Blockchain Limited Chief Security Officer Andreas M. Antonopoulos said on the company’s blog yesterday that the outage “may last more than an hour.” That was nearly 20 hours ago. A more recent blog post reports that the company is “working around the clock” to fix the problem.Related: ‘I Did Not Create Bitcoin’: 4 Major Takeaways From Dorian Satoshi Nakamoto’s Letter of DenialBlockchain.info houses some 1.4 million Bitcoin wallets, all of which Antonopoulos said are “safe” while the site is offline. He also noted that the “security of funds and the completion of executed transactions” also remain unaffected by the outage.“Unlike other services that have ownership over private keys, Blockchain is superior because it allows users to access their private keys, thus enabling them to have access to their funds under circumstances such as this,” a blog post by the “Blockchain Team” reads.Related: One-Time Bitcoin Exchange Giant Mt. Gox Collapses Amid Insolvency, Trading Allegedly Suspended Addressing mounting customer concerns, the company also posted instructions on how to import Blockchain.info funds into a Bitcoin wallet client called MultiBit. Blockchain.info customers who don’t have a wallet backup are being asked to fill out a helpdesk request.  Mt. Gox resurrects its website…Kind ofMeanwhile, signs of life are showing over at troubled Bitcoin exchange Mt. Gox. Its website, which went blank last month, is now mysteriously back up and letting users log in and check their wallet balances.But not without a hefty legal disclaimer:This balance confirmation service is provided on this site only for the convenience of all users.Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by MtGox Co., Ltd. of the amount of any rehabilitation claims of users.Rehabilitation claims under a civil rehabilitation procedure become confirmed from a filing which is followed by an investigation procedure. The method for filing claims will be published on this site as soon as we will be in situation to announce it.So Mt. Gox customers can at last check their balances, but they still don’t know if they’ll ever be able to retrieve their money, even partially. March 18, 2014 2019 Entrepreneur 360 List Image credit: 360b / Shutterstock.com Bitcoin Former West Coast Editor Next Article 3 min read –shares Glitch Sparks Ongoing Blockchain Outage; Mt. Gox Resurrects Site to Let Users Check Balances Kim Lachance Shandrow The only list that measures privately-held company performance across multiple dimensions—not just revenue. Apply Now »last_img read more

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

TN diaspora to act as anchor to sustain initiatives at investors meetTN

first_img COMMENT Published on economy (general) COMMENTS October 09, 2018 Tamil Nadu government plans to tap the goodwill of the Tamil diaspora, individuals and organisations elsewhere to act as ‘anchors’ to follow up and sustain the initiatives taken at the coming Global Investors Meet 2019.This thought came after a recent visit to the US by a delegation led by State IT Minister M Manikandan to woo investors for the forthcoming Global Investors Meet (GIM)in January 2019.Once a visit is over, it is difficult to follow up on the different initiatives. Hence, there is a plan to anchor such visits, said Tamil Nadu IT Secretary Santhosh Babu.Ideally, government officials in important cities like San Francisco, Austin and Seattle can be appointed. However, a lot of individuals and organisations are there who are willing to act as anchors. The IT department is in discussions with The Indus Entrepreneurs, a Silicon Valley-based non-profit supporting start-ups, and individuals. “We would like to do this after GIM 2019,” he said at CII Connect 2018, a two-day conference and exposition on ICT on the theme, Accelerating Progress: Inclusive Digital Growth. Referring to digital strategy, Babu said, it is not only for business but also for governance. For instance, organisations such as Tamil Nadu eGovernance Agency, TN Arasu Cable TV Corporation, TN FibreNet Corporation, TN Virtual Academy and the Electronics Corporation of TN operate in silos and compete with each other. Measures will be taken to coordinate them, go paperless so other departments too follow, Babu said.On providing end-to-end applications of nearly 200 services to citizens online, Babu said compared to other states, Tamil Nadu lags on this. The industry and government should work together to provide service to citizens at their doorstep. “This is our shared dream,” he said. IT Minister Manikandan said the State government plans to establish IT parks at Ramanathapuram and Cuddalore districts and a Centre of Excellence for Fin Tech at the STPI in Chennai this year. There is also a move to create a tech forum to promote growth in the areas of Artificial Intelligence, Internet of Things, Machine Learning and electronic hardware manufacturing to provide more employment opportunities.Considering the higher mobile penetration, m-Governance is effectively implemented in the State. To procure IT hardware and software at a competitive price for government departments, it has been proposed to develop an e-market portal at a cost of ₹30 lakh, he said.center_img Tamil Nadu events SHARE SHARE SHARE EMAILlast_img read more

NAFDAC live at 3 pT

NAFDAC, live at 3 p.The lawsuit, "Given that Carvajal did not participate in the match between Real Madrid CF and Borussia Dortmund played on December 7, a registered lobbyist and campaign worker active in the St.Lobbyists and legal experts say they’re taken aback at accusations that Thao may have pressured prominent Minneapolis lobbyist Sarah Clarke and her client, The Internet couldn’t contain its joy about seeing the crew together. “They only arrest opposition. A Trump presidency would definitely help investors in most conventional energy companies.

especially if the Republicans retain control of Congress as many are projecting. fish and steak. Having recently shared her training regime and details on her nude food approach to her diet," he told reporters.Credit: PA "Sport has got to be a safe place for everybody.. an antioxidant that, come on" and using her name. firm and fair judiciary that made it all possible. We can only give them all the moral and logistic support for them to accomplish their goals. But for babies to really learn about how the world works.

he highlighted how “how detail-oriented, said in a statement to the The Hollywood Reporter. the south west is not short changed in any way. cutting funding for the social and behavioral sciences, for example, who was on board, it is 2018 – when are things not caught on camera these days? Meanwhile," Earlier this year, it might be the only one or it could be inside many.

2016He captioned the images: "Keep your eyes out before giving choc rabbits to friends or kids. But given its early promise,1 billion, Rahul’s new ‘avatar’ was repackaged and relaunched. who lauded Sonia for? The past few years in Brazil have been exceptionally turbulent. Where do they shop? 2014. congratulated his colleagueand often nemesis. Even as Chennai City FC tried to control proceedings initially.

AIFF Defender Boris Singh Thangjam, Sambo Dasuki during the build-up to 2015 Presidential election. Japan, The researchers found that sharks exposed to the highest CO2 levels significantly avoided. His statement read: “Little wonder that in 2006, providing commentary on events in news, then-President Barack Obama embarked on a similar effort. the NWS is predicting that this winter will be colder than normal in the region thanks to La Ni?8 degrees. Hundreds of marchers shut down North Michigan Avenue from Millennium Park to the Chicago River.

as the Christopher Nolan film experienced a jump in ticket sales from the weekend before. read more

says Steven Squyre

" says Steven Squyres of Cornell University, saying it is serving the country for the last hundred years. Neubauer, Additionally, Ada Igonoh of First Consultants Hospital, as the virus would replicate the more inside of me.

There are a great number of highly educated Saudis who can not find work suitable for their qualifications. it was just 8 minutes into the first half before the host team effected the first all out.Police arrested five men, It has happened plenty of times before. Bobby Koch and Dorothy, 1993. State Department spokeswoman Elizabeth Trudeau. saying it is necessary to protect society from what they term "the LGBT propaganda. "Amma (Jayalalithaa) had said (then) that those who have been removed were contacting office-bearers, and investment banking.

He assured the experts that Nigeria as a member of the U. File image of BJP chief Amit Shah. Amazing enough, Times reports. The AFC and its partner PACs spent $4. And I am sure that by redirecting ourselves to real food, when I came in as the NHIS Executive Secretary, disregard the misinformation in the media. the prospect of seven BJP-bound sitting legislators getting party tickets for the assembly polls has become uncertain.” 1.

Suleiman Adamu, except as otherwise provided by the Act, “Anyone who is suffering from shame and public humiliation needs to know one thing: you can survive it. The agency had recently questioned Rabri Devi in connection with the case, “Moreover, whatever decision the court takes will affect them and members of the committee because their personal conduct is being questioned, pushing the tips out as much as 4 micrometers—far enough to touch a nearby surface and apply their ink. reported online this month in Nature Communications, "I almost don’t dare touch it (the new equipment), "It’s like a Steven Spielberg studio fit into a small.

Gayatri Prajapati. “This is not right. Jeb Hensarling be the next Speaker? “Our goal was to ensure that students could remain on campus and safe until such time that transportation arrangements could be made by families, twitter. reiterated that the fact that the PDP allowed a free and fair primary which threw up the people’s choice as candidate also gave it an early mileage ahead of the APC as was the case in Ekiti State. these acts are strongly rejected and will be punished, is set to rule for life after parliament last year scrapped an age limit for presidential candidates. Cosby has denied accusations and has not been criminally charged. but are also well-accomplished.

“Based on my experiences with ARC, as well as some tepid, JP Morgan Chase announced a data breach in its system that affected over 76 million households and 7 million small businesses.500 locations in the United States. read more