Real Madrid win their fourth Club World Cup in history

first_imgWith a dominant performance against Al Ain, Real Madrid becomes the only club in history to win three consecutive FIFA Club World Cups.During a season that has been as difficult as the one Real Madrid is experiencing at the moment, Los Blancos desperately needed the FIFA Club World Cup in the final against Al Ain to boost their confidence during the post-Ronaldo era.The Arab club surprised the world when they managed to defeat River Plate in the semifinals, which gave them the right to play this match against Santiago Solari’s squad, but this is as far as they were going to get.The truth is that Real Madrid was way too superior and the Arabs had absolutely no chances to defeat the Spanish giants, they did make them suffer during the first 60 minutes of the match and only a long distance screamer in the first half from Modric was able to keep them ahead in the scoreline before a full hour had passed.The shot that the Croatian midfielder took just before the 15-minute mark, was the perfect culmination to an already fantastic year he has as an individual player.However, Los Blancos still didn’t have a secured result and they required to push themselves further in order to get more goals that could make them feel more confident.¡REAL MADRID, TRICAMPEÓN DEL MUNDO!El momento esperado por los merengues: ¡Cuando levantan el título como campeones del #MundialdeClubesxFOX!Revívelo pic.twitter.com/gxd4dvESY6— FOX Sports MX (@FOXSportsMX) December 22, 2018Already in the second half, it was a beautiful long-distance volley from Marcos Llorente what gave Los Blancos that confidence they needed.The Real Madrid product has been playing amazing football under Santiago Solari this season, this goal is a reward for that effort he’s been making in order to get noticed.But a Real Madrid final cannot be completed without a Sergio Ramos header during a corner kick, the magical moment happened just before the 80-minute mark after Luka Modric sent a cross straight into Ramos’ head.The skipper has now scored goals in two Champions League finals, two European Supercup final, and two Club World Cup finals as well.It was 3-0 already, Los Blancos had secured their result and another trophy for the museum inside the Santiago Bernabeu.But the final still wasn’t over, Al Ain did score a goal near the end of the match through Shiotani in order to at least find a little comfort in a very difficult night for them.Jose Mourinho, Lionel MessiMourinho: “Lionel Messi made me a better coach” Andrew Smyth – September 14, 2019 Jose Mourinho believes the experience of going up against Barcelona superstar Lionel Messi at Real Madrid made him a greater coach.Los Blancos still got a fourth goal after the 90th minute, they got it through an own goal scored by Yahia Nader.EL CAMINO AL TRICAMPEONATO #MundialdeClubesxFOX Así fue la goleada del Real Madrid al Al Ain en la Final⚽ – Modric (14′) ⚽ – Llorente (60′) ⚽ – Ramos (79′) ⚽ – Shiotani (86′) ⚽ – Nader [AG] (90′) pic.twitter.com/dBoXAQYywx— FOX Sports MX (@FOXSportsMX) December 22, 2018This 4-1 result was the final nail on Al Ain’s coffin, the one that sealed the result for Real Madrid and got them to claim the FIFA Club World Cup for the third consecutive time.Santiago Solari clearly stepped in with the right foot as the manager for this squad, he also reached a historic milestone that only four other managers have been able to accomplish it.The Argentine manager won the Intercontinental Cup back in 2002 as a Real Madrid player, today he wins the equivalent competition as a manager and writes his name next to the likes of Luis Cubilla, Juan Mujica, Carlo Ancelotti, and Zinedine Zidane.All five men were able to win the same competition both as players and managers.This result is worthy of celebration for Los Blancos, they will travel back to Spain and rest for the holidays but they will have to go back to reality soon after.This club is not doing so well in La Liga right now, maybe this new trophy can give them the boost they need in order to improve their results during the year of 2019.Congratulations to Real Madrid, they are the World Champions for the third consecutive year.🏆🎉 ¡CAMPEONES DEL MUNDO! #RMCWC | #HalaMadrid pic.twitter.com/MCwui6I5Mw— Real Madrid C.F.⚽ (@realmadrid) December 22, 2018Who was the player you liked the most in the final between Real Madrid and Al Ain? Please share your opinion in the comment section down below.last_img read more

Apple ditches five mineral suppliers over failure to pass human rights audits

first_img CNET may get a commission from retail offers. $999 Best Buy See it See It Tags Apple Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? $999 $999 Review • iPhone XS review, updated: A few luxury upgrades over the XR Boost Mobile Mobile Tech Industry See It Aug 31 • Best places to sell your used electronics in 2019 Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors • 4 Sprint Aug 31 • Your phone screen is gross. Here’s how to clean it Apple removed five mineral suppliers.  Angela Lang/CNET Apple removed five smelters and refiners from is supply chain for failing to pass or not being willing to participate in human rights audits, according to its 2018 Conflict Minerals Report filed on Friday.In 2018, the iPhone maker identified eight potential incidents “involving the police in the Democratic Republic of the Congo and/or the DRC army in connection with a variety of alleged illicit activities,” the report said. Three incidents have closed while five remain open with investigations in progress, though details weren’t provided in the report.”Apple is deeply committed to upholding human rights across its global network of suppliers,” the company wrote in the report. “Through its strict supplier standards, Apple commits to use minerals in its products that do not directly or indirectly finance armed conflict or benefit armed groups.”More than 250 smelters and refiners in Apple’s supply chain passed the company’s auditing process in 2018.This isn’t Apple’s first time letting go of suppliers. The company in 2017 removed 10 smelters and refiners for the same reasons, according to its 2017 Conflict Minerals Report. In January 2018, China Labour Watch allegedly discovered an Apple supplier was paying workers low wages and letting them work long hours in an unsafe environment. Apple sent auditors to verify the claims following the report. First published on Feb. 15, 10:02 a.m. PT.Updates, 1:31 p.m. PT: Adds more background information.  Apple iPhone XS Share your voice Mentioned Above Apple iPhone XS (64GB, space gray) See It reading • Apple ditches five mineral suppliers over failure to pass human rights audits See All Comments $999 Apple Preview • iPhone XS is the new $1,000 iPhone Xlast_img read more

Budget 2019 2 TDS on cash withdrawal exceeding Rs 1 crore yearly

first_imgNirmala Sitharaman delivering her budget speech.TwitterUnion Finance Minister Nirmala Sitharaman proposed on Friday, July 5, tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year from a bank account. “Our Government has taken a number of initiatives in the recent past for the promotion of digital payments and less cash economy,” said Sitharaman, while presenting her first Union Budget. The decision was made to promote digital payments and curb black money.The Finance Minister also proposed that business establishments with an annual turnover of more than Rs 50 crore shall offer low-cost digital modes of payment to their customers and no charges or Merchant Discount Rate (MDR) shall be imposed on customers as well as merchants.”RBI and banks will absorb these costs from the savings that will accrue to them on account of handling less cash as people move to these digital modes of payment,” Sitharaman said.”Necessary amendments are being made in the Income Tax Act and the Payments and Settlement Systems Act, 2007 to give effect to these provisions,” she added.last_img read more

Mans throatslit body found

first_imgPolice recovered a throat-slit body of a man from a pond in Kuladi village of Bharara union in Pabna Sadar upazila on Sunday morning, reports UNB.The deceased is Abdur Rashid Biswas, son of certain late Wahid Ali Biswas of the village.Police on Sunday recovered the body of Abdur Rashid from the pond near his house and sent it to Pabna General Hospital morgue for autopsy, said Abdur Raja Bahadur, officer-in-charge of Sadar police station.Abdur Rashid might be killed over a previous enmity, the OC said.last_img read more

Housewife mistakenly shot dead

first_imgA housewife was killed as a bullet fired ‘mistakenly’ from the firearms of an alleged criminal at Nayanpur village in Dagonbhuiya upazila in Feni on Tuesday, reports UNB.The deceased is Sharmin Akter, 22, wife of Shamsul Haque of Noakhali.Dagonbhuiya police station officer-in-charge Abul Kalam Azad said Sharmin came to his paternal home in the village few days ago.On Tuesday, Jahangir Alam, an alleged criminal came to visit Sharmin and were gossiping at the room of Sharmin in the afternoon.At one stage, a bullet from Jahangir’s gun hit Sharmin ‘mistakenly’, leaving her dead on the spot, police said.However, when locals tried to nab Jahangir, he managed to flee the scene after pointing gun on them.On information, police recovered the body and sent to Feni Sadar Hospital morgue.last_img read more

HISD Board Approves 20162017 Budget With 84 Million In Cuts

first_img X Share To embed this piece of audio in your site, please use this code: 00:00 /00:00 Al OrtizFrom left to right: Ken Huewitt, HISD interim superintendent; board president Manuel Rodriguez and board member Wanda Adams during the public hearing held to vote on the budget for school year 2016-17.The Houston Independent School District board approved the budget for the 2016-2017 school year.Texas now considers HISD a wealthy district due to rising property values and that means the district has to reimburse the state approximately $162 million through a mechanism called recapture.The budget for the next school year contains $84 million in cuts to balance this situation, which is happening for the first time in HISD’s history.The cuts will result in the district eliminating 80 administrative positions, as well as doing away with the Apollo program and ending teachers’ bonuses.Some members of the board criticized the state’s system to fund public schools and interim Superintendent Ken Huewitt said reforms are needed.“We can kind of move forward and start dealing with this recapture issue because this is not something that we have to deal with every year, we’ve got to get this changed,” Huewitt said at the end of the public hearing held to approve the budget.The budget was passed by five votes to two.Trustees Manuel Rodríguez, Wanda Adams, Rhonda Skillern-Jones, Jolanda Jones and Michael Lunceford voted in favor of the budget, while Greg Meyers and Anna Eastman voted against it.Trustees Harvin Moore and Diana Dávila were not present at the time of the vote. Listenlast_img read more

Calendar of the untimely

first_imgThe Raqs Media Collective’s solo show at the National Gallery of Modern Art (NGMA) takes the form of an extended conversation around the concepts of time and the untimely which run through much of the collective’s past and present work, and acts as a working laboratory of the ideas that the practice of the Raqs collective is considering today, as it faces the future. With more than fifty works in a range of media – video, installations, mixed media assemblages,  sound, photography, print and sculpture – Raqs turns Jaipur House, the original home of the NGMA, into a magical, labyrinthine container of stories, riddles, enigmas and possibilities. Also Read – ‘Playing Jojo was emotionally exhausting’This is kind of art making that is quirky, intensely intellectual, humorous, poetic as well as committed to the asking of tough questions in a turbulent world. The collective’s sustained history of more than twenty years of working and thinking together is reflected in this multi-layered exhibition which twists and turns the way we think about  time, finds lost constellations in the sky, argues with the epics, asks questions about the meaning of value, strikes back at time, thinks about war, reflects on the urban condition, considers the laboring body and addresses the future of a four year old child. Also Read – Leslie doing new comedy special with Netflix The Raqs Media Collective (Jeebesh Bagchi, Monica Narula and Shuddhabrata Sengupta) has been highly visible on the International art scene for the last decade. They enjoy playing a plurality of roles, often appearing as artists, occasionally as curators, and sometimes as philosophical agent provocateurs. Raqs follows its self-declared imperative of ‘kinetic contemplation’ to produce a trajectory that is restless in terms of the forms and methods that it deploys even as it achieves a consistency of speculative procedures. Where:  National Gallery of Modern Art When: On till February 8last_img read more

TMC to observe black day to protest leaders manhandling in Assam

first_imgKolkata: The Trinamool Congress (TMC) will observe “black day” throughout West Bengal on August 4 and 5 to protest against the detention and “manhandling” of its leaders at the Silchar airport in Assam yesterday, a senior party leader said today. TMC secretary general and West Bengal Education Minister Partha Chatterjee said the party will observe “black day” in every block and district of the state on Saturday and Sunday. “We condemn the way the public representatives were manhandled and detained by the Assam police at the Silchar airport. They being MPs had every right to visit a place, but all rules were violated and our party delegation was stopped. This is shameful,” he told reporters here. An eight-member TMC delegation, which had six MPs, were stopped at the Silchar airport when they tried to enter Assam’s Cachar district to assess the ground realities after the final draft of the National Register of Citizens (NRC) was published in the north-eastern state on Monday.last_img read more

Instagram Ruffles Feathers With New SnapchatLike App Bolt

first_img Register Now » 2 min read This week, Instagram rolled out Bolt, a new app that lets users record and send quick, unedited photo or video messages by tapping on a friend’s photo. The message then disappears when you swipe your screen. The app is currently only available to users in New Zealand, Singapore and South Africa. Instagram told The Verge that since 65 percent of Instagram users are based internationally, “we are starting with a handful of countries to make sure we can scale the experience.”Bolt is only the most recent offering of Snapchat-esque apps, a crowded slate that includes Wickr, a “top-secret messenger” that recently raised $30 million; Slingshot, an app created by Facebook that has a unique “I-send-you-send” stipulation; and the Berlin-based one-click messaging app TapTalk. Related: Want Your Brand Associated With Positivity? Snap a Pic, Ditch the Tweet.TapTalk in particular seems to be a model that Bolt is aping, and in an interview with TechCrunch published yesterday, TapTalk CEO Onno Faber said “we know we have a great product, so clones don’t come as a surprise.”Also not particularly thrilled about Instagram’s entry into the market is a free phone-calling app called Bolt. On Monday, Bolt CEO Andrew Benton posted an open letter urging Instagram to reconsider using the name Bolt, saying it’s already causing confusion for their customers.”It wasn’t too long ago that you were the little guy,” Benton wrote. “I know you haven’t forgotten how hard it is to build something from nothing. And not just technology, but a brand and distinct identity for yourself. Imagine how it would have felt if Google or Apple or Facebook had launched a photo-sharing app called Instagram in 2011.”Related: This Bar Wants You to Apply for a Job Via Snapchat Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalscenter_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. July 30, 2014last_img read more

Catalonias tourism faces a 10 hit in fourth quarter

first_img By: Pan PylasSource: The Associated Press Tags: Spain, Trend Watch Tuesday, November 7, 2017 << Previous PostNext Post >> LONDON — The restive Spanish region of Catalonia faces a potential $500 million financial hit in the fourth quarter as business-related travel dips following the attack in Barcelona and the uncertainty generated by the disputed independence referendum.In an interview Monday with The Associated Press at the World Travel Market in London, Catalonia’s top tourism official Patrick Torrent said the region will likely see a 10-12 per cent fall in tourist numbers during the fourth quarter, which would equate to around 450 million euros. The large bulk of that fall is related to a drop-off in business travel to events such as conventions.Despite the anticipated fourth-quarter decline, the executive director at the Catalan Tourist Board, said Catalonia is set to see revenues this year outstrip those last year and that the expectation is that revenues will rise again next.However, more insight will emerge at the turn of the year when the bulk of pre-reservations are made. His staff, he said, are “on alert” about the impact on the main booking season.The worry among many economists is that deteriorating business environment in Catalonia, which has seen around 1,500 firms move their headquarters out of the region, could worsen further amid all the uncertainty. Credit ratings agency Moody’s has warned that the region’s financial recovery is being jeopardizedMore news:  Canada raises travel warning amid escalating protests in Hong Kong“Moody’s believes that the political instability will negatively affect the region’s economy, in particular foreign investor sentiment and the tourism sector, and add pressure to the region’s already weak finances,” it said last week.The Catalan tourism industry, a key income generator in what is Spain’s richest region, has had a difficult few months. After the August attacks in Barcelona and a nearby town that saw 16 people killed, the region has been embroiled in a battle of wills with Spain over the disputed independence referendum in early October which prompted Madrid to impose direct rule and seek the arrest of members of the Catalan government, including its leader, Carles Puigdemont, who has fled to Brussels.The impact of the attack in Barcelona on holiday travellers was short-lived, according to Torrent, and “less important” than other cities in Europe, such as Brussels or Paris.“The perception of Barcelona and Catalonia as a safe destination has not suffered any impact,” he said, noting figures showing tourism numbers higher in September.More news:  Rome enforces ban on sitting on Spanish StepsTorrent said he met up with Alvaro Nadal, the Spanish minister of energy, tourism and digital matters, on Monday for the first time since the triggering of Article 155 of the Spanish Constitution which imposed direct rule on Catalonia.Torrent said the Spanish government has made no requirements upon him or his staff and that it is “business as usual” until an early Catalan regional election on Dec. 21.“It’s not intervention. It’s more a kind of co-ordination,” he said. “It’s easy, it’s not complicated, with good relations without problems, at this moment.”Before direct rule, Torrent would speak with Spanish tourism officials two or three times a month. Now, it’s that amount of times a week.Torrent urged all participants in upcoming demonstrations in Catalonia before the election, including one this Saturday, to remain peaceful and law-abiding.“It’s important to say that our streets are normal, our restaurants are working as usual, our destination is exactly the same situation,” Torrent said. Catalonia’s tourism faces a 10% hit in fourth quarter Sharelast_img read more

European broadcast giant RTL Group is planning to

first_imgEuropean broadcast giant RTL Group is planning to exit the Russian market after reportedly failing to gain control of leading channel operator National Media Group.Last week, RTL revealed it was exercising a put option to sell the 7.5% stake it owns in NMG. The value of the stake was €81 milion, RTL added.Yesterday, Bloomberg quoted an RTL spokesman as saying of the move, “Generally, we aim to have operational control, or at least there should be a credible path to it,” though further details were not forthcoming.NMG, which is owned by billionaireYury Kovalchuk, has stakes in three of the four leading Russian channels, including FTA market leader Channel One.RTL’s content arm FremantleMedia still has a production base in Russia that will be unaffected by the exit.RTL took its stake in NMG two years ago after swapping it for a 30% stake in broadcaster Ren TV.RTL couldn’t be contact for comment before press time this morning.Last week, the Bertelsmann-owned channels group posted strong half year results, in which it quietly revealed the plan to exit Russia.last_img read more

French OTT service Molotov is to publicly launch o

first_imgFrench OTT service Molotov is to publicly launch on July 11. The service, which is backed by former Canal+ chief Pierre Lescure along with co-founders Jean-David Blanc and Jean-Marc Denoual, has also announced that it has signed a distribution deal with Canal+ that will see a range of free-to-air and premium movie channels made available to Molotov users.The Canal+ deal, announced today at MIPTV, will see Molotov distribute free TV services D8, D17 and iTele as well as seven Cine+ premium channels: Cine+ Premier, Cine+ Frisson, Cine+ Emotion, Cine+ Famiz, Cine+ Club, Cine+Classic and on-demand service Cine+ A la demande.Molotov will be available to users free of charge and will be accessible across multiple devices including computers, smartphones, tablets and connected TVs.Blanc said “After months of hard work, user tests and analyses, we are very pleased to offer a new television experience this summer. One that is free and fully focused on what viewers expect from television in the 21st century. More than ever, we are convinced that television has an outstanding value proposition, provided it is delivered through the right user experience.”Lescure said “The arrival of the Canal+ Group channels particularly pleases me and reinforces our vision of the evolution of television distribution. We’re devoting all of our efforts to bring viewers a new, long awaited television distribution platform that meets the needs of today, and particularly the millennials.”last_img read more

Snapchat has partnered with a number of broadcaste

first_imgSnapchat has partnered with a number of broadcasters and publishers to bring its TV-style Shows format to the UK, expanding the selection of local, professionally-produced content on the platform.Shows are TV-like content produced in vertical format for a mobile audience which are typically between three and seven minutes in length. The content is monetised by Snap’s six-second non-skippable ad format, Commercials.For the UK rollout of Shows, Snapchat has partnered with 17 brands – including Sky News, Vice, The Guardian, Brave Bison, Cosmopolitan UK and talent agency Gleam Futures – which will produce a total of 25 series between them.Titles include: news programme Hotspots from Sky News; Beyond Beauty and Most Expensivest by Vice; food and culture show Hungerlust by publisher and new Snap partner Culture Trip; and Marcus Moans, an entertainment series presented by online influencer Marcus Butler, which comes from Gleam Futures.Snap first launched Shows in the US, where companies like NBCUniversal, CBS and MTV have been producing programming for more than a year. These US shows have already allowed advertisers to reach an audience of five million UK viewers over a 28-day campaign period, according to Snap.Speaking at a press conference in London this morning, Snap’s head of international content partnerships, Rami Saad, said: “Ever since we began focusing on bringing the Shows format to Snapchatters in the US market, we’ve seen more than triple the time spent on Shows from the beginning of the year until today.”“This is a very, very clear signal that this content format is one that users are really interested in and that this content is really valuable to their consumption experience.”Saad described Shows as a new form of premium video, made for mobile, that are “very TV-like” in the way that they are presented. “We’re not talking about video clips, we’re really talking about an episode of a show that has a start, a middle and an end.”The UK Shows rollout expands on Snap’s exiting premium content strategy, which kicked off with the launch of its Discover platform in January 2015. Snap now has 100 partners globally that post Publisher Stories to the Discover page and many of its new UK Show partners are already Discover publishers.Saad said that Snap has not directly commissioned its first clutch of UK Shows. Instead it has had conversations with “partners that we trust and partners that we’re really excited to partner with” and is helping them monetise Show content with ads on a revenue-share basis.Speaking at the press event in London, Gleam Future’s head of UK talent, Lucy Lendrem, said that the talent responsible for the two Shows Gleam is contributing to Snapchat are excited by the opportunity to reach new audiences.“If there’s hard cash involved upfront it changes things,” she said. “They’re doing it because they believe that it’s interesting and exciting beyond a revenue perspective.”Sky News’ digital output editor, Alan Strange, agreed that the value in providing its new Show to Snapchat is “not necessarily something that’s determined by how much income comes in,” adding that it is an advantage that Sky News already has a sustainable business model.Today’s news follows Snapchat’s debut earlier this month of a host of new US Snap Originals – a separate set of exclusive shows that include Co-Ed, a new comedy from the Duplass Brothers; Class of Lies, a mystery thriller from one of the minds behind Riverdale; and Endless Summer, a docu-series following rising stars in Laguna Beach – from Bunim/Murray, the creators of Keeping Up with the Kardashian.The full list of Snap’s 17 new UK Show partners, is: Sky News, Sky Sports, VICE, Gleam Futures, The Guardian, Culture Trip, Hearst / Cosmopolitan UK, Tastemade, COPA90, Channel 4 [trial], Global, Boiler Room, GRM Daily, JOE.co.uk, Brave Bison, PinkNews and Manchester City.last_img read more

Drilling Intersects 102 Meters of 197 gpt Gold at

first_imgDrilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold MineralizationColumbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes.Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.”  Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained. Please visit our website for more information about the project. It was more than obvious [at least to me] that a heavy hand showed up in these markets at, or just before, the London p.m. gold fixGold didn’t do a lot on Tuesday, either.  The rally that developed in early Far East trading, ran into a seller just before 11:00 a.m. Hong Kong time…which was the same thing that happened during the Monday trading session.From there, the gold price didn’t do much until the 8:20 a.m. Eastern Comex open.  At that point the dollar index cratered…and gold took off…running into a not-for-profit seller at the London p.m. gold fix which came shortly after 10:00 a.m. in New York.  The high tick at the ‘fix’ was $1,739.10 spot.Despite the fact that the dollar continued to decline, the gold price continued to get sold down until around lunch time on the East coast…and from there traded sideways into the 5:15 p.m. electronic close.Gold finished the Tuesday session at $1,732.50 spot…up only $7.70 on the day.  Net volume was the same as Monday’s…115,000 contracts.It was basically the same story in silver as well, except for the fact that the rally at the Comex open was so strong, that a not-for-profit seller had to enter the market around 9:35 a.m. Eastern, or silver would have been materially higher [and well above $34 spot] by the London gold fix, which occurred thirty minutes later.  The high tick of the day at that point was $33.95 spot.And, like gold, despite the fact that the dollar index was declining steadily, silver continued to get sold off to its New York low…$33.30 spot…which came about 3:20 p.m. in electronic trading.  The price recovered a hair into the close.Silver finished the day at $33.48 spot…up a meager 14 cents from Monday.  Volume, 38,000 contracts, was down quite a bit from Monday’s 48,500 contracts…but still very high.Without doubt, both gold and silver would have finished materially higher if a willing seller hadn’t show up at, or just before, the London p.m. gold fix in both metals…and it was precisely the same story in platinum and palladium as well.The dollar index opened around the 80.40 mark on Monday evening…and chopped around that point until about 3:20 p.m. Hong Kong time, or about forty minutes before the 8:30 a.m. BST London open.  During the next hour, the index dropped a bit over 20 basis points…and then more or less traded sideways until 8:30 a.m. in New York.  Then the index headed south with a vengeance…and by 11:30 a.m. Eastern, the dollar index had shed another 40 odd basis points to its low of the day, which was around 79.82…and then recovered a handful of basis points going into the close.  The dollar closed down 50 points on the day at 79.89.If you check all four precious metal charts from yesterday, you’ll note that all had a very positive reactions to the pre-London open dollar index decline.  And that state of affairs continued in New York when the index did another face plant starting around 8:30 a.m. Eastern.  All the precious metals took off to the upside…and all ran into the same not-for-profit seller at the London p.m. gold fix…except for silver.As I said further up, its rally was so strong, it had to be dealt with early, or it would have blasted through the $34 spot price like a hot knife through soft butter…and that was obviously not going to be allowed…just like it wasn’t allowed in early morning trading in Hong Kong on Monday.  Check the silver chart above for the details.From the London p.m. gold fix, until the dollar index nadir at 11:30 a.m. Eastern, the dollar index and the precious metals prices all declined together.  That’s just too cute for words.There are no market anymore…only interventions.Although the gold price hit its zenith shortly after 10:00 a.m. Eastern time, the shares powered a bit higher, hitting their high of the day around 11:30 a.m. Eastern…which was the dollar index low.  After that they went into decline but, like Monday, finished just off their lows…and the HUI closed up 0.55%.  Excuse me for thinking out loud at this point, but the saw-tooth pattern to this chart tells me that someone with a fairly large position appeared to be selling into this rally.The silver stocks finished mixed…and Nick Laird’s Silver Sentiment Index closed up 0.67%.(Click on image to enlarge)The CME’s Daily Delivery Report was rather interesting.  There was no delivery activity in gold, but there were 270 silver contracts posted for delivery within the Comex-approved warehouse system on Thursday.  The only short/issuer was Jefferies…and the biggest long/stopper was, once again, JPMorgan…with 202 contracts in its in-house [proprietary] trading account…and 23 for their client accounts.  The Issuers and Stoppers Report is worth a quick look…and the link is here.There were no reported changes in either GLD or SLV yesterday.Nick Laird advised me that Sprott added another 40,535 troy ounces of gold to their Physical Gold Trust on Monday.  That should just about cover the entire amount received in their follow-on offering…but I expect there’s a bit more when the underwriters exercise their ‘Greenshoe Option’.Over at the U.S Mint, they reported selling another 50,000 silver eagles…and I do hope that you’re getting your share, dear reader.The action at the Comex-approved depositories on Monday is hardly worth mentioning, as only a few thousand ounces of silver were received…and shipped out.I don’t have very many stories today…and that suits me just fine.  I hope you have the time to skim them all.Despite the positive closes in all four precious metals, it was more than obvious [at least to me] that a heavy hand showed up in these markets at, or just before, the London p.m. gold fix at 3:00 p.m. BST…10:00 a.m. in New York.  With the dollar index in free-fall, the precious metals were not allowed to do what they wanted to do…and that is close the day materially higher than they did on Monday.You’re perfectly entitled to your own opinion on this, but that’s the way it appeared to me…and if you have some other explanation for yesterday’s 180 degree move in the precious metals while the dollar index was falling out of bed, I’d love to hear it.Yesterday, at the 1:30 p.m. Eastern time Comex close, was the cut-off for this Friday’s Commitment of Traders Report…and as I’ve been stating all along, it will not make for happy reading…especially with the huge volumes [and price increases] we’ve seen in both gold and silver since last Tuesday’s cut-off on September 4th.  JPMorgan et al are still acting as short sellers of last resort and preventing the precious metal prices from blowing sky high.  I’ll be curious to know how much larger JPMorgan’s short position in silver has become since last Friday’s report.  Ted Butler says it’s north of 27% of the entire Comex futures market in silver on a net basis.  Will it break 30% on Friday?I’m still of the opinion that we’ve seen a short-term top, but would love to be proven wrong.  A quick engineered sell-off by “da boyz” to relieve the current overbought condition wouldn’t bother me in the slightest…and would be a buying opportunity that I would take full advantage of.  Of course if/when the sell-off does come, it will allow these short sellers of last resort to harvest all the new long positions that have been placed and ring cash register one more time.In Far East trading on their Wednesday, both gold and silver prices chopped slowly higher.  For a change, volumes in both metals are significantly lower than they were on either Monday or Tuesday, so I wouldn’t read a whole heck of a lot into the price action.  The dollar index is down about 11 basis points as London opens for trading at 8:00 a.m. local time…3:00 a.m. Eastern.London trading opened quietly, but that all changed around 9:15 a.m. BST, when gold and silver blasted higher in seconds, not minutes.  Gold was up fifteen bucks…and silver shot through $34 spot at warp speed.  The reaction from JPMorgan et al was instantaneous.  Gold volume jumped from 13,000 contracts to 34,000 contracts in a heart beat…and silver’s volume went from around 4,800 contracts to 9,500 contracts in the same period of time…seconds.  Then, after that assault, it appears that another rally is underway…and silver is now back at $34.00 spot once again…and gold is struggling higher.  No ‘for profit’ seller ever sells into a rally like that…EVER!!!  This is in-your-face price management by the bullion banks…and the farthest thing from a free market that one can imagine.  It was obvious that ‘da boyz’ were lying in wait for this event.Here’s what Kitco’s silver chart looked like at 5:14 a.m. Eastern time…I would guess that this price action was centered around the announcement from the German court…and we’ll probably find out more as the day goes along.Before I sign off today, most of you may already have heard that we have a new writer at Casey Research…and his name is Dennis Miller.  He’s been a regular reader of my column for many years…and now, like me, he’s working for Doug.  Dennis is retired…and has been working tirelessly to rebuild his nest egg since the crash of 2008, when his CDs were recalled and it was cut by 50%.  He’s documented his journey in his book Retirement Reboot…and he thinks highly enough of what I’ve had to say over the years, to mention my name in a couple of places in it.  The book is priced at a pittance…a mere $9.95…and you can find all about it here.  It costs nothing to check it out.It could be an interesting day during Comex trading in New York today.See you tomorrow. 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In This Issue   Currency metals rally but in

first_imgIn This Issue. *  Currency & metals rally but in a tight range. *  NZ Unemployment Rate drops to 6.2%! *  Australia’s Trade Deficit shrinks. *  That’s 5 Fed Heads wanting to extend stimulus. And, Now, Today’s Pfennig For Your Thoughts! Another Fed Head Has An Epiphany! Good day.  And a Wonderful Wednesday to you! I just realized something, that I guess I’ve known for a long time, but just registered it in my mind. I love the smell of blueberries! I opened the package for a Blueberry cereal bar, and there it was! The wonderful blueberry aroma! My mind immediately flashed back to when I was a young boy and would spend weeks of summer on my grandparents farm, and we would be sent out to gather the berries. My grandma had blueberries, blackberries, raspberries and other stuff that she always used in baking. But we would get some of the fresh berries, run the cistern water from the well over them and have ourselves a treat! Sorry to go off on that tangent, but it’s just another example of my stream of thought. Yesterday I left you with the thought that only a few currencies were gaining VS the dollar, and Gold was down $2. But soon after I sent the letter out, the currencies rebounded, along with Gold. Chris called me, (he’s out of town) and wanted to know what was going on, and I told him that the turnaround was interesting in that there wasn’t anything to cause it, the U.S. data wasn’t out yet, and the only thing I saw was data from the UK that showed that the servicing industry had expanded in October.  The rest of the day though, the currencies and metals were stuck in the mud. Funny, thing, when I was 18 and traveling around the country with my guitar, my friend, and our drummer, Preston, used to call people my age now, “old sticks in the mud”. And that pretty much describes the currencies yesterday, overnight and into this morning. sticks in the mud.   Recall yesterday that I told you the New Zealand dollar / kiwi was the best performing currency overnight as traders were thinking that the labor report that was due to print that afternoon, would be strong, and that usually meant good things for kiwi. Well, it appears that the traders were rewarded for their foresight, as New Zealand’s Labor report was even better than forecast! The consensus going into the report was for a drop in the Unemployment Rate from 6.4% to 6.3%, but in the 3 months ending September 30th, the New Zealand Unemployment Rate actually fell to 6.2%! The Labor report really placed kiwi firmly on the rally tracks, and this morning, the currency is trading at a 6-week high, as everyone and their brother now expects the Reserve Bank of New Zealand (RBNZ) to hike rates early next year. Another component of the report showed that Ordinary Time Private Sector Wages rose 1.6% in the quarter and up 2.6% year-on-year!  Can you say “inflation problems are coming?” I knew you could! And maybe, just maybe, because you never know, the RBNZ will hike rates before early next year! Well, since the middle of last week, the euro has been on the slippery slope for a few reasons that we’ve talked about, but the reason that has weighed the most on the euro, has been the drop in inflation in the Eurozone, which brought the rate cut campers out of the woodwork. But as I explained two times already, but will do it again for those that missed class those days. I don’t see the benefits to cutting rates when they are already at all-time lows.  And believe it or don’t, the markets are beginning to come around to Chuck’s way of thinking. Now, that would be a story! I can see the headline: Market Comes Around To Chuck’s Way of Thinking.  And the reporter would ask the first question. “Now Chuck, what do you think the ECB will do?”  OK, if you’re not laughing with me, you’re laughing at me! Stop that! Another currency that was showing a gain yesterday morning, and is pumping out an even larger gain overnight is the Swedish krona. In just a few hours we’ll see the color of the last Riksbank (Central Bank) meeting, and the markets believe they’ll be able to find indications that the Riksbank is ready to hike rates. That thought has the krona hitting on all 8 this morning. Hey! Another U.S. Fed Head had his epiphany about the economy yesterday. San Francisco Fed President, John Williams, fessed up about the economy saying that, “Up until recently, I was thinking we would start seeing more of that self-powered growth in the second half of this year. Unfortunately, that’s not really been happening and we haven’t seen a real pickup. We’re still a long ways from where we want to be.” So. It’s apparent that the economic growth that Williams was looking for has fallen short of his expectations, and now he’s losing faith that the labor markets’ gains will endure without monetary stimulus..  Of course, the 3 Fed Heads we talked about yesterday, and now Williams only had to read the Pfennig many months ago to know that I said they were being over optimistic about the economy, and maybe they would have tempered their exuberance about the economy. And then we wouldn’t have had the Taper Capers, spoil the currency & metals soup. But then, I still think that Big Ben and the Fed Heads (sounds like Frankie Valli and the 4 Seasons!)  were simply attempting to let some air out of the stock market bubble that they created with all this stimulus, by talking about Tapering. I’m writing this morning, while listening to Led Zeppelin’s all-time best song. Kashmir. Now that’s a song that needs the volume cranked to 10!  Hey. I just saw something on the TV that shocked me. They showed a survey result that shocked me! 34.3% of Americans say they don’t want a job!  And apparently, the total of Americans wanting to have a job has been declining since 1980! That’s not a good thing for us Baby Boomers who have either already retired, like 90% of my classmates that attended my 40th H.S. reunion, or starting to prepare to retire. Oh, the things that I see, hear & read about that make my skin crawl!  But you know what I’ve finally realized? That while I can write about it, and attempt to get people to think about these things, I can’t change them. I used to have these thoughts that if I wrote about something that was wrong that people would read it, think about it, and do something like call their representative or whatever, and that would eventually change things!  Yes, Virginia, there is a Santa Claus. Hey! Down Under in Australia, where they are enjoying spring, their Trade Deficit came in better than expected for September, printing at A$ 284 million, VS A$ 500 million expected. And the August total was revised downward. The Aussie dollar (A$) is back above 95-cents, and looking forward to the latest Employment Report that will print tonight. I would look for an increase in jobs for October, and that should support this latest uptick in the A$. The A$ deserves some lovin’, after taking body blows from the Reserve Bank of Australia (RBA) Gov. Stevens last week and this week. This has my spider sense tingling folks. You don’t think that Stevens knew ahead of time that the data was going to be good this week, and went about verbally assaulting the A$, getting it weaker, ahead of the data?  Nah. that would be giving too much credit to a Central Banker, and I’m tough when it comes to grading! In the UK, the pound sterling has really been a roll this week. First it was the strong servicing Index performance, and today it was a strong Industrial Production print that pushed the pound sterling to 1.61. Industrial Production pushed higher to a gain of .9% in September, up from the August negative print of -1.1%…  In addition, Home Prices showed their biggest gain (+.7%) in 3 months.  The Bank of England (BOE) meets tomorrow, right after these strong economic data prints, but I doubt it will move the BOE to change rates from their near zero level, or change their bond buying program. And that’s why I still don’t think the pound has strong legs to take it from here. If the BOE still believes that near zero rates and bond buying is needed, then they are a country mile away from hiking rates, which I believe will be needed to take the pound higher from here. But that’s just my opinion and I could be wrong! I see where the Chinese decided that two days of gains in their currency the renminbi / yuan, was enough, and they weakened the fixing level overnight.  I read a story on the Bloomberg that talked about how the Chinese fear that the Fed will begin to taper in December. Hey! Here’s a Memo to China. Don’t worry about tapering. 4 Fed Heads this week have pretty much put the kyboshes on tapering any time soon, and don’t forget that a 5th Fed Head, Evans, laid out the scenario where tapering would never happen. I was looking at Google+ last night and came across a posting that someone made that reminded me of the slide that Frank and Chuck use in presentations that show men that have painted themselves into corners.  This posting had just one person that had painted themselves into a corner, with a caption that read: Before You Start Anything. Learn How To Finish It! And so it goes with the Taper Capers. Gold is up $6 this morning, with Silver, Platinum and Palladium all posting gains too! But when you step back and look at a chart of these metals, you see that they’ve been range trading for what seems like a month of Sundays.  I read a story by Gold Enthusiast James Turk yesterday, about how the world had reached a tipping point, as the next catastrophe approaches. While I see that certainly capable of happening, I have to stop and remember that it was Turk that said we would have a Black Swan event this year. Remember that? (I guess we just barely averted one with the default last month, eh? ) I know one thing, that it is far better to make your forecasts without giving time frames for them to happen! The U.S. data cupboard has the Leading Index report for September this morning, and that’s it. the Leading Index report has really shifted upward in recent prints, which surprises me a bit, in that usually this is good forward looking data, but I don’t see anything in the economy that leads me to feel warm and fuzzy about an uptick in the leading index report. Before I head to the Big Finish this morning, I have a funny from Jay Leno. “According to a new study out of Harvard, it is easier for people to be moral in the morning. They say people are more moral at the beginning of the day, but they become more dishonest as the day goes on. So when people say Congress is as dishonest as the day is long, we now have scientific proof.” For What It’s Worth. On the heels of the announcement that the CFTC’s Bart Chilton was stepping down, the U.S. derivatives regulator announced yesterday that they plan to curb market speculation in commodities. Here’s a snippet of the story as it appeared on Reuters. “The Commodity Futures Trading Commission  (CFTC) proposal will set caps on the number of contracts that a single trader can hold in energy, metal and agricultural markets, a measure aimed at capping speculation that some blamed for the spike in raw material and food prices prior to the 2008 financial crisis. The redrafted rules sought to answer some of the deficits that a judge pointed out last year. The agency cited two of the biggest cases of market manipulation in history – the Hunt Brothers’ silver corner and hedge fund Amaranth natural gas bet – as evidence of why curbs were necessary. The new rules will also make it easier for big banks such as Goldman Sachs Group Inc and Barclays PLC to remain in the market by allowing them to exclude positions held by entities in which the banks own minority stakes – a key trigger for the banks to sue the agency.” Chuck again. Well, that’s all fine and good, but I doubt it gets past the Bullion Banks that have the large short positions. They’ll take it to court once again, and once again a judge will shoot the CFTC’s regulation down. That’s because as I’ve told you over and over again, this dance is gonna be a drag, no wait! What I’ve told you over and over again is that in my opinion, which was formed by the Wikileaks Cable, the Gov’t is behind all this. And therefore, there will be no regulation that takes away the ability of the Big Bullion Banks to hold short positions in metals that are larger than the size of the market! To recap. The mixed bag of results early yesterday morning for the currencies and metals turned around mid-morning, and gains were eked out VS the dollar on the day, but in the end, these asset classes are stuck in the mud, trading ranges. The BOE & ECB will meet tomorrow, and strong recent data from the UK, has pound sterling rising, but without a rate hike, and there will be none any time soon, the pound has no strong legs to stand on. New Zealand Unemployment Rate drops more than expected, and kiwi is the best performer overnight. Currencies today 11/6/13. American Style: A$ .9525, kiwi .8405, C$ .9570, euro 1.3515, sterling 1.61, Swiss $1.0970, . European Style: rand 10.2110, krone 5.9645, SEK 6.5075, forint 219.70, zloty 3.0845, koruna 19.0825, RUB 32.37, yen 98.65, sing 1.2425, HKD 7.7515, INR 62.40, China 6.1475, pesos 13.13, BRL 2.2835, Dollar Index 80.53, Oil $94.08, 10-year 2.65%, Silver $21.95, Platinum $1,463.68, Palladium $758.58, and Gold. $1,318.34 That’s it for today. A good shootout win for our Blues in Montreal last night, I went to bed and it was tied 2-2. the Blues are off to a good start to the season. Yadier Molina is a finalist for NL MVP, even if he doesn’t win, and he should, but has the “sentiment vote for the Pittsburgh Pirates player” going against him, that’s a great accomplishment for him! Two other Cardinals are finalists, Wainwright for Cy Young, and Miller for Rookie of the year. But I doubt any of them get the final vote. But again that doesn’t take away from their great seasons! Jessie Colin Young and the Youngbloods are singing their 60’s anthem, Let’s Get Together on the IPod right now. That’s a song we used to play!  The swimming season begins to wind down tonight for Alex, with the Conference prelims. Hey! What Day is it? Mike, Mike, Mike, what day is it? Come on, you know. It’s HUMP DAY!    Ok, let’s go have a Wonderful Wednesday and Hump Day! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

As I write this paragraph the London open is abou

first_imgAs I write this paragraph, the London open is about 40 minutes away.  The prices of all four precious metals aren’t doing much.  Gold volume is even lower than it was this time yesterday—but silver volume is much higher than it was yesterday at this time, but still very much on the lighter side.  And, not that it matters, but the dollar index is up a half-dozen basis points.There’s not much to add to today’s column, as just about everything worth saying showed up in The Wrap sections of my Tuesday and Wednesday missives—and I’m not happy when I keep repeating myself every day, which is easy to do when there’s not much going on.And as I hit the ‘send’ button on today’s effort at 5:05 a.m. EDT, I see that all four precious metals have rallied above their respective closes in New York yesterday—and it’s obvious that the rally in gold is running into resistance, as the open interest is now more than double what it was 40 minutes before the London open—and even though the rally was only about five bucks, that was obviously too much for ‘da boyz’.  Silver volume is getting up there as well, but it’s still very much on the lighter side, all things considered.  The dollar index is flat.So far, everything is unfolding like it normally does this time of day, as any rally in gold and silver that begins shortly before [or at] the London open, is dealt with before the London a.m. gold fix—and then the rest is left up to JPMorgan et al in New York when the Comex opens.  It remains to be seen if this pattern repeats itself again today.I hope your Thursday goes well, or went well if you live west of the International Date Line—and I’ll see you here tomorrow. Here are two more photographs from my Sunday outing—and both were taken in the same park and from exactly the same spot as the gulls I posted yesterday.  The difference is that these juvenile Black-crowned night herons were over well over 100 metres away across a pond and on an island—and despite using a big telephoto lens, I had to crop the heck of these two photos to get the birds up to this size.  Because of the distance and the cropping, they both fall into what I consider minimum acceptable picture quality, at least for me. The price management scheme in gold is now so obvious, that it’s no longer debatable.Gold did very little in Far East trading and the first half of the London trading day on Wednesday.  The rally at the Comex open wasn’t allowed to get far—and was sold back down to unchanged by noon in New York.  It rallied a few dollars going into the 1:30 p.m. Comex close—and then chopped sideways into the 5:15 p.m. close of electronic trading.The low and high aren’t worth the effort to look up.Gold finished the Wednesday session at $1,312.20 spot, up $3.70 from Tuesday’s close.  Volume, net of August and September, was pretty light at only 104,000 contracts.The silver price followed more or less the same price path as gold, expect the rally at the Comex open got sold down harder—and silver made a new low for this move down—and that low was printed about 11:50 a.m. EDT.  The price rallied a bit going into the Comex close—and the didn’t do much after that.The high and low ticks were recorded by the CME Group as $20.085 and $19.705 in the September contract.Silver closed at $19.81 spot, down 10.5 cents from Tuesday’s close.  Net volume was 33,000 contracts.Platinum didn’t do much of anything in early Far East trading, but developed a positive price bias beginning around 2 p.m. Hong Kong time.  It was up a whole six bucks on the day by shortly before 11 a.m. EDT—and then a thoughtful soul sold it down about a percent, with the low coming minutes before noon in New York.  From there it rallied back to almost unchanged—and down a buck on the day.The price action in palladium was similar, but both the corresponding rally—and subsequent sell-off, were much less pronounced.  Palladium manged to finish up a buck.It was another day where all four precious metals were rallying—and then all got sold off during the New York trading session.The dollar index closed on Tuesday at 81.51—and didn’t do much of anything until shortly after 2 p.m. Hong Kong time.  Then it rallied to its 81.65 high before it had a 25 basis point down/up move between the 8:20 a.m. Comex open and 11:40 a.m. EDT.  After that the index slid a small handful of basis points into the close, finishing at 81.61—up 10 basis points.The gold stocks chopped and flopped either side of unchanged yesterday—and finished the day that way, as the HUI closed down a miniscule 0.05%.The silver equities barely got a sniff of positive territory on Wednesday—and headed lower almost immediately.  The low of the day came at the low for silver, about 11:50 a.m. EDT.  From there they cut their loses by a bit, as Nick Laird’s Intraday Silver Sentiment Index closed down 0.87%.The CME Daily Delivery Report showed that 6 gold and zero silver contracts were posted for delivery within the Comex-approved depositories on Friday.  Nothing to see here.The CME’s Preliminary Report for the Wednesday trading session showed that August open interest in gold declined by 117 contracts—and is now down to 1,167 contracts—so we await the final resolution on this as the month starts to wind down.There was a tiny 8,420 troy ounce withdrawal from GLD yesterday, which was probably a fee payment of some kind—and as of 9:18 p.m. EDT yesterday evening, there were no reported changes in SLV.There was a sales report from the U.S. Mint again yesterday.  They sold 500 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—225,000 silver eagles—and another 200 platinum eagles.There wasn’t a creature stirring in the gold departments of the Comex-approved depositories on Tuesday.  However, it was another big day for silver, as 600,769 troy ounces were reported received—and 693,508 troy ounces were shipped out the door.  All of the activity was at the CNT Depository—and Brink’s, Inc.  The link to that action is here.I have a very decent number of stories again today—and there should be some in here that interest you.For those with an interest in silver, I believe that a remarkably large percentage, certainly a majority, believes that silver is manipulated in price. They might not be able to articulate all the nuances of the manipulation, but they have a strong sense that there is an artificiality to silver pricing. I base this on what’s said and written on the Internet, of course, not in the main stream media, which continues to treat the topic of manipulation as something to be avoided at all costs. I believe this is the case because the biggest advertisers and commercial supporters of the main stream media tend to be the very financial institutions perpetrating the manipulation.Nowadays, it’s actually more unusual when someone strongly denies the existence of a silver manipulation, particularly if the denier is well known. Invariably, the denial brings an outcry of disagreement to the point of mockery. Not for a minute have I ever concluded that silver is manipulated or not by the weight of popular opinion; for me, the manipulation is quite easily proven by the verifiable facts. My point is simply that more who are interested in silver believe it is manipulated in price, than not.That might not seem like an earth-shaking revelation, but in reality it is very much so from what things once were. A quarter-century ago, very few, if any, believed silver was manipulated in price. I know this to be the case because I lived through it. For better or worse, the idea of a silver manipulation originated with me. I point this out, not to pat myself on the back, but strictly to demonstrate the difference between then and now in popular perceptions. In fact, I think you would be shocked at the degree of resistance that existed to the idea that silver was manipulated back then. – Silver analyst Ted Butler: 13 August 2014It was another day when not much happened during the Wednesday trading session.  It was also another day that the rallies in all four precious metals, such as they were, got sold down during the New York session once again.Here are the 6-month charts for both gold and silver—and nothing much has changed.last_img read more

When humorist and writer Mara Altman was 19 and at

first_imgWhen humorist and writer Mara Altman was 19 and attending college at UCLA, she learned something about herself which, she says, felt devastating at the time.It happened while she was flirting with a server at a Mexican restaurant one evening. His name was Gustavo and he said five simple words: “I like your blonde mustache.”Now, she knew about this blonde mustache. But she had been bleaching it for years in the hopes that no one else would notice it.Altman’s latest book, Gross Anatomy: Dispatches from the Front (And Back), is a personal, darkly witty investigation into the human body — how we think about it and how it works. In a mix of personal anecdotes, science and cultural reporting and interviews, Altman explores pressing questions like, is PMS real? How come some people sweat so much? And who decided women shouldn’t have body hair, anyway?In an interview with NPR’s Ailsa Chang, Altman says she began the book with her fuzzy lip story because she wanted to reframe the shame she and the rest of us often feel about our physical selves — and lighten the taboo. She decided to face the facts — starting with a confession to her now-husband, Dave, that she does everything she can to rid herself of facial hair.”I needed him to know that he was marrying a woman with a goatee,” she says with a laugh. “I just didn’t want (1) to have him find out later and be upset, and (2) to just have to hide it anymore. I was just so tired.”Her husband’s response when Altman told him? “It’s just hair!” She says he couldn’t have cared less.INTERVIEW HIGHLIGHTS On where the idea that women should be mostly hairless comes from[Women in] the United States in the early 1900s — they were fine being hairy. But then … advertisers came on strong in the 1930s. They said that having armpit hair was dirty and gross; being clean-shaven was respectable, feminine. And then you also look at another kind of theory that we are all so afraid of our mortality; that we cover up anything that kind of hints at us being beasts, or animals. We put on perfumes, we cover up our holes — anything that excretes or is moist we don’t want anything to do with.On what it was like to grow up in a family that encouraged ‘going natural’I still had the experiences at school where I didn’t feel like I totally fit in. I was trying so hard to be natural, to be authentic like my parents said. But you still have the friends on the schoolyard who are like, ‘Ah, she’s hairy — gross!’ … I was in junior high and I was in PE class just getting ready to play dodgeball or something. And a girl pointed at my legs and said, ‘Ew, gross, you’re hairy!’ And I just felt totally seen and ashamed and wanted nothing more than to rip out every single hair on my body. And yet that went against everything in our household about being natural. And then I had to confront my mom about it, and finally ask her if I could shave.On what a psychology professor said when she asked whether premenstrual syndrome is real She said that when we say that PMS made us do something, that we’re using it as a scapegoat — and kind of discount it. And she also said that hormones don’t create moods, but they can exacerbate moods. [Those feelings are] very legitimate; we should pay attention to them. Every time we say that PMS made us do it a misogynist gets his wings! It feeds into this idea that we’re angry; that we don’t know what we’re doing. But really — like a woman who just feels really strong feelings and in another society would be extremely respected.On how she found out sweat is awesome The sweat researcher that I talked to said that if we were overheating and we couldn’t sweat, we’d basically die in, like, 20 to 30 minutes. So when I see my own sweat stains now on my pits, which is probably daily, I try to appreciate that that’s where we come from. That’s how we’re human. And I think that researching or learning about our bodies can also lessen the shame around it.On being at a nudist resort while pregnant with twins — for research You know, I wrote this book to kind of investigate why we feel the way we feel about our bodies. But a wonderful bonus was kind of realizing that we all have such a big variation. … I was like, ‘Oh my gosh! All these people. So many various sizes [and] shapes don’t fit into any of the beauty standards we typically talk about or see. There are rolls! There’s cottage cheese! There are hairy moles!’ … And they’re walking around indulging in life. And you’re like, OK, you know what? We’re just lucky we have bodies. That we get to do all this cool stuff in our bodies.Alyssa Edes and Renita Jablonksi produced and edited this interview for broadcast. Alyssa Edes adapted it for the Web. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

As nearly 75 million Americans contend with cover

first_imgAs nearly 7.5 million Americans contend with covering the skyrocketing costs of insulin to manage the disease, diabetics in Colorado will soon have some relief. A new law, signed by Gov. Jared Polis earlier this week, caps co-payments of the lifesaving medication at $100 a month for insured patients, regardless of the supply they require. Insurance companies will have to absorb the balance. The law also directs the state’s attorney general to launch an investigation into how prescription insulin prices are set throughout the state and make recommendations to the legislature. Colorado is the first state to enact such sweeping legislation aiming to shield patients from dramatic insulin price increases. “One in four type 1 diabetics have reported insulin underuse due to the high cost of insulin … [t]herefore, it is important to enact policies to reduce the costs for Coloradans with diabetes to obtain life-saving and life-sustaining insulin,” the law states. The price of the drug in the U.S. has increased exponentially in recent years. Between 2002 and 2013, it tripled, according to 2016 study published in the medical journal JAMA. It found the price of a milliliter of insulin rose from $4.34 in 2002 to $12.92 in 2013. And a March report from the House of Representatives, found “prices continued to climb, nearly doubling between 2012 and 2016.” Dramatic price hikes have left some people with Type 1 and Type 2 diabetes who use insulin to control their blood sugar levels in the unfortunate position of making dangerous compromises. They either forego the medication or they ration their prescribed dose to stretch it until they can afford the next prescription. In some instances, those compromises can lead to tragedy. As NPR reported, an uninsured Minnesota man who couldn’t afford to pay for $1,300 worth of diabetes supplies, died of diabetic ketoacidosis, according to his mother. The man, who was 26, had been rationing his insulin. The move in Colorado comes on the heels of recent commitments by manufacturers to limit the drug’s cost to consumers, which in turn comes on the heels of mounting pressure (and some skewering) from elected officials. Following a U.S. Senate Finance Committee hearing in February and a subcommittee hearing in the House in April, pharmaceutical company leaders have reluctantly admitted they have a role to play in reducing drug prices. Last month Express Scripts, one of the largest pharmacy benefit managers in the country, announced it is launching a “patient assurance program” that will place a $25 per month cap on insulin for patients “no matter what.” In March, insulin manufacturer Eli Lilly said it will soon offer a generic version of Humalog, called Insulin Lispro, at half the cost. That would drop the price of a single vial to $137.35. “These efforts are not enough,” Inmaculada Hernandez of the University of Pittsburgh School of Pharmacy tells NPR, of the latest legislation in Colorado. Hernandez was lead author of a January report in Health Affairs attributing the rising cost of prescription drugs to accumulated yearly price hikes.While the Colorado out-of-pocket caps will likely provide financial relief for diabetes patients, she noted “the costs will kick back to all of the insured population” whose premiums are likely to go up as a result.”Nothing is free,” Hernandez said.”It also doesn’t fix the real issue,” she added, pointing to her own research which found “that prices have increased because there’s not enough competition in the market, demand will always be high and manufacturers leverage that to their advantage.” Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

A crossbench disabled peer has called for an end t

first_imgA crossbench disabled peer has called for an end to government-led austerity and the “personal misery” it has caused.Lord [Colin] Low, speaking in the Lords debate on last week’s Queen’s speech, said he believed the result of the general election showed voters were “no longer willing to buy neoliberal austerity”.He told peers that austerity had caused “a great deal of personal misery”, with one in four children living in poverty, the use of foodbanks continuing to rise, and a social security system that was “increasingly inhuman and self-defeating”.He pointed to disabled people losing their Motability cars – and consequently their jobs –because of the government’s personal independence payment reforms, while other benefit claimants have had their payments sanctioned for “unavoidably missing appointments”.He added: “The film I, Daniel Blake is all too true to life. The iniquitous work capability assessment finds people fit to work who are patently unfit and who, coroners find, are taking their lives as a result.”Lord Low (pictured, speaking in the debate) said that this “misery” was caused by “conscious, strategic decision-making” by the government, including cutting £12 billion from social security spending in the last parliament, on top of nearly £20 billion cuts under the coalition government.He said this was part of a 40-year project to “systematically shrink” public sector spending to just 36 per cent or less of national income, compared with 44 per cent in Germany and 50 per cent in Denmark.And he told fellow peers that the Grenfell Tower fire showed the harm caused by this attack on state spending, with the NHS and other public services in crisis and local services unable to cope.He said: “Local government, which provides many of these services, will have lost 60 per cent of its funding by 2020.“The election and the Grenfell Tower fire should serve as a wake-up call that we need to change course.”He called instead for government to borrow while interest rates are low in order to “invest in infrastructure, thus giving people work, getting them off the dole and being productive, fuelling growth by spending and creating demand for consumer goods, and paying taxes and boosting receipts for the exchequer”.The independent peer said he believed that voters in the general election had been attracted by the alternative to “neoliberal austerity” offered by the policies of Jeremy Corbyn’s Labour party, which although they were widely described as “hard left” were in fact “fairly standard social democracy”.Lord Low also said that the “colossal misjudgements” of the last two prime ministers, David Cameron and Theresa May – over calling the Brexit referendum and a snap general election – showed that it was “surely no longer possible to sustain the pretence that the Conservative party is self-evidently more effective than the Labour party as a vehicle for governing the country”.And he said that “people should realise that the centre of gravity has shifted [leftwards], in defiance of the political establishment, the media and the commentariat”.last_img read more

No Longer the Apple of the FBEye Start Up Your Day Roundup

first_img Add to Queue No Longer the Apple of the FB-Eye — Start Up Your Day Roundup Start Up Your Day Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.1. No longer the Apple of the FB-EyeApple’s Tim Cook is refusing to comply with a court order to help the FBI break into the iPhone of one of the San Bernardino shooters. Apple’s tech buddies, Facebook and Twitter have declared, “I’ve got your back, Apple.”Facebook issued this statement to USA Today:  “We condemn terrorism and have total solidarity with victims of terror. Those who seek to praise, promote, or plan terrorist acts have no place on our services. We also appreciate the difficult and essential work of law enforcement to keep people safe,” the statement reads. “When we receive lawful requests from these authorities we comply. However, we will continue to fight aggressively against requirements for companies to weaken the security of their systems. These demands would create a chilling precedent and obstruct companies’ efforts to secure their products.”2. Obama and CubaPresident Obama announced via tweet on February 19 that he’s going to Cuba in March:Next month, I’ll travel to Cuba to advance our progress and efforts that can improve the lives of the Cuban people.— President Obama (@POTUS) February 18, 2016This will be the first time in 80 years a sitting president has visited Cuba, and the trip is part of Obama’s overall push to hug it out with the communist country, including opening direct flight travel between the two countries and allowing U.S. businesses to engage with Cuba.In related news, the U.S and Cuba recently sanctioned the first U.S. business since the revolution — a tractor company — to be built on Cuban soil. The business is slated to open in early 2017.3. Trump vs. the Pope“A person who thinks only about building walls, wherever they may be, and not building bridges, is not Christian,” said Pope Francis about Donald Trump’s immigration policy on wall-building and such on a return trip from Mexico, igniting a verbal smackdown from Trump who was in South Carolina rallying support before the primary.In turn, Trump called the Pope’s words “disgraceful” and added something to the effect of when ISIS comes raging on the Vatican’s door, “the pope would only wish and have prayed that Donald Trump would have been elected president.”This could be Trump’s way of saying he doesn’t need the Pope’s approval to win the Feb. 20 primary.4. Shake Shack on Delta”If someone had told me a few years ago that we’d be serving our food on an airline, I would have said over my dead body,” said Shake Shack CEO Danny Meyer to the New York Times.Airplane food isn’t exactly known for its enticing qualities, but the New York Times reported that Meyer — who runs Union Square Hospitality Group which owns Blue Smoke, Gramercy Tavern and Union Square Cafe — has teamed up with Delta Airlines to up the game of international airline food starting March 1.Now fliers of of all international first-class flights out of JFK can enjoy some foodie grub.5. Sports Illustrated swimsuit issueIt’s on newsstands. Yep.Check the site for our roundup of the most entrepreneurial models to emerge from the pages of Sports Illustrated. –shares February 19, 2016 Enroll Now for $5 4 min read Image credit: TungCheung | Shutterstock.com Carolyn Sun 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.last_img read more