PITTSBURGH, PA – MARCH 17: Grayson Allen #3 of the Duke Blue Devils looks on against the Rhode Island Rams during the second half in the second round of the 2018 NCAA Men’s Basketball Tournament at PPG PAINTS Arena on March 17, 2018 in Pittsburgh, Pennsylvania. (Photo by Justin K. Aller/Getty Images)Duke and Louisville are locked into a tight battle at Cameron Indoor Stadium. The Blue Devils led by as many as 14 but now trail late in the contest.During the second half, Duke’s Grayson Allen drove to the basket and was knocked down. While he was on the ground, he appeared to intentionally trip Louisville’s Raymond Spalding, who had corralled the ball and was dribbling up court.yep, that’s a trip by Grayson Allen … https://t.co/hAfZbZaFGb— Ryan Fagan (@ryanfagan) February 9, 2016Definitely looks like he meant to do that.
philosophy, the women’s wellbeing beauty brand, is collaborating with Grammy-nominated singer/songwriter Natasha Bedingfield on an exclusive, original song to spread hope to women everywhere.The song, “hope,” penned by Natasha and a new writing and production team made up of Matt Robinson, David Saw and Ryan Freeman, was written to draw attention to the mental health needs of women and further the message of the hope and grace initiative — an unending commitment by philosophy to support community-based mental health organizations. Releasing simultaneously with the product launch of renewed hope in a jar, “hope” will be available for download on iTunes on January 13th with 20% of the net proceeds from iTunes sales benefitting the hope and grace initiative until 2016.By encouraging and promoting the idea of hope when faced with any adversity, this original song clearly captures the spirit of philosophy. For over 18 years, philosophy has been devoted to bringing women products that inspire them to live better lives. Most recently, in July 2014, philosophy launched the hope and grace initiative, the cornerstone of the brand’s philanthropic mission wherein 1% of philosophy product sales across all retailers support community-based organizations working to empower women through the promotion of mental health and wellbeing, and the prevention and treatment of related issues.“At philosophy, we believe that it is important to nurture the skin as well as the soul, and music offers a powerful way to lift spirits and spread a message,” says Jill Scalamandre, Senior Vice President, philosophy and Chief Marketing Officer, skin care for Coty. “The philosophy of renewed hope in a jar is ‘live with optimism, renew with hope,’ a sentiment that not only ties perfectly to this beautiful song, but also to the hope and grace initiative’s mission of helping lift the stigma that surrounds mental health.”“philosophy understands the power of words, and as a songwriter this resonates deeply with me,” says Natasha. “I was thrilled to collaborate with philosophy on the song and to help raise awareness about mental health, particularly among women. This song is about how powerful hope is and that we all need to be reminded sometimes of how even the darkest nights become bright mornings, and hope can carry us through any hardship.”To celebrate the release of “hope,” which is named for its reimagined iconic product, renewed hope in a jar, philosophy will host a special event where Natasha will perform “hope” live for the first time. The performance will be simulcast via Livestream as part of a larger digital media campaign that will further promote the renewed hope in a jar product and the hope and grace initiative.Changing the landscape of philanthropic efforts in the beauty industry, the hope and grace initiative established the hope and grace fund as a project of the New Venture Fund, a 501c3 public charity dedicated to supporting innovative and effective public interest projects. With guidance from an advisory board made up of committed and notable leaders in the mental health arena, philosophy will annually award multiple grants with an average amount of $25,000 through the hope and grace fund to support hundreds of qualified organizations around the world.In its first year, the fund plans to target organizations that work with women in the United States who are currently underserved by mental health services by providing grants to community-based mental health organizations. These unsung heroes of the mental health field include those organizations that are working to overcome the barriers and stigma associated with seeking treatment for mental health issues, providing access to mental health treatment, and fostering support networks for women with mental illness.Join the movement at hopeandgracefund.com.
On Thursday, October 27, 2016, Hearts of Gold will host its 20th annual charity fundraising gala at Capitale, 130 Bowery in New York City.The event will be held from 6:00-10:30 p.m., followed by an after-party. The organization “reimagines the future of homeless mothers and their children, together” – a critical mission as homelessness in New York City has reached record levels.“Hearts of Gold’s ultimate goal is to break the cycle of homelessness among mothers and their children living in the shelter system,” said Deborah Koenigsberger, Hearts of Gold’s Founder & President. “Since 1994, we’ve raised more than $10 million to help 21,000 individuals. Join us to celebrate our commitment to empowering the next generation of confident, self-sufficient mothers and children. Together, we will help real families change their lives in 2017.”Emmy Award-winning journalist and producer Soledad O’Brien, and actress, singer and songwriter Rhonda Ross will co-host the black-tie gala, themed “All That Glitters.” The event includes a cocktail reception and dinner, a Tracy Reese runway show, and a live auction. Event Chairs are Shelley Schorsch, Nicholas Schorsch, Michael Weil, and Dr. Shirley Madhère-Weil. AR Global, Century 21, Deutsch Inc., Elit by Stolichnaya, and Stolichnaya Premium Vodka are Host Sponsors.Sponsorship packages begin at $15,000, individual gala tickets begin at $650, and after-party tickets begin at $100. To participate, call (212) 206-1461 or click here.
“Those Knicks teams — the ’69-’70 team, the ’72-73 team — when you talk to basketball purists about the greatest teams they’ve ever seen, that little era always comes up,” a radio voice intones early in Michael Rapaport’s “When The Garden Was Eden,” a “30 for 30” film debuting on ESPN Tuesday. “That’s the way you’re supposed to play basketball.”Speaking as a card-carrying basketball purist (or at least a basketball history nut), he’s right — particularly on that last point. The Knicks of that era rank highly among the all-time great NBA teams, but not at the very top. Instead, where they really stand out is in how they won.The 1969-70 New York Knicks, who won the first of the franchise’s only two championships, consistently rank among the most dominant regular-season teams in NBA history, especially relative to the spread of talent in the league at that time. After adjusting for strength of schedule, their per-game point differential was +8.4 (17th all-time); it also outpaced the second-place Milwaukee Bucks that year by 4.2 points per game, the sixth-biggest gap ever between the league leader and runner-up. That was a big part of why the Knicks’ schedule-adjusted scoring margin was 2.4 standard deviations better than the average team’s in 1969-70 — the second-best such mark ever.The 1969-70 Knicks struggled on the road in the playoffs and were taken the distance twice in the span of three series. But the team’s playoff run — which saw New York outlast the Baltimore Bullets (led by future Knick Earl Monroe), overpower a rookie Kareem Abdul-Jabbar and his Milwaukee Bucks, and survive the Los Angeles Lakers in a seven-game NBA Finals classic — also ranks among the 50 or so best ever, after taking into account whom they had to beat.And the 1972-73 Knicks did even better in the postseason after adjusting for their road to the championship. When I listed the most dominating playoff performances ever back in 2010, that team ranked 11th all-time. With the exception of the 2014 San Antonio Spurs, it’s unlikely that it has been supplanted by more recent champions. En route to the title, New York beat the Baltimore Bullets (+2.9 schedule-adjusted PPG differential) in five games, the Boston Celtics (+7.4) in seven, and the Los Angeles Lakers (an NBA-best +8.2) in five — just about the toughest path any team has ever gone through to win an NBA championship.But bottom-line results are only half the equation when aficionados rave about the Knicks of the early 1970s. Perhaps an even bigger factor is how the team achieved its success, with a reputation for playing one the most unselfish, pass-friendly styles in basketball history.This isn’t gauzy, New York-media-baked myth-making. Among historical NBA champions, the 1972-73 Knicks rank 14th in assist percentage (the ratio of made baskets that were assisted) relative to league average. And, more importantly, they had the most balanced distribution of shot attempts among their starting five players of any championship team ever. During the 1973 playoffs, their leading scorer (the incomparable Walt Frazier) took 20.8 percent of the team’s shots when on the floor, while the fifth-ranked shooter among its starters (Bill Bradley) took 18.7 percent. By comparison, the 1992 Chicago Bulls’ leader — Michael Jordan — took 37 percent of that team’s shots when on the floor, while Bill Cartwright took 11 percent. (Coincidentally, that Bulls team was coached by early-’70s Knicks forward Phil Jackson.)My research shows that most NBA champs are more like Michael and the Jordanaires than Frazier, Bradley, Earl Monroe, Dave DeBusschere and Willis Reed. Historically, teams with an uneven distribution of the offensive workload — particularly with regard to the difference between their top two scoring options and the rest of the starting five — tend to win championships at a much higher rate than teams that spread their shots around more equally.That they bucked this trend is probably the lasting legacy of the Red Holzman-coached Knicks. In a sport dominated by singular scorers like Jordan (usually with good reason), New York showed that there’s also a place for unselfish, collectivist basketball in the circle of NBA champions. And as my colleagues Ben Morris and Rafe Bartholomew have noted, the San Antonio Spurs (winners of the 2014 NBA championship) have carried the torch for this phenomenon in recent years.With the 2014-15 NBA season tipping off next week, the Knicks are unlikely to add a third championship banner to Madison Square Garden’s rafters. But Rapaport’s film will recall fond memories of a time when basketball-crazed New York City was the center of the sport’s universe.
Manchester United’s current goalkeeper David De Gea has been looking at opportunities from all around Europe lately. However, he could sign a team no one has ever thought he would.The Spaniard seems sceptical about winning much silverware under the rule of Jose Mourinho while still playing for the Red Devils. Since Real Madrid stopped showing interest in him, he has been searching everywhere and he might eventually end up in – surpise! – Paris.He has been with United since 2011 and is currently considered one the world’s best goalkeepers. De Gea was rumoured to be joining Real back in 2015 but to no success. Despite not coming to an eventual agreement, Madrid’s door was still open for him until recently, when Perez set his sight on Roma goalkeeper Alisson.Maguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…Paris Saint-Germain have been chasing the Spaniard for his signature. Despite not being really into it, De Gea might sign as his only desire right now is to leave Mourinho, according to Caught Offside.Jose Mourinho has been underachieving overall since he took over Manchester United in the last season – so far he has been able to win only the League Cup and Europe League, which is certainly not enough for the 27-years-old De Gea.
New Real Madrid boss Julen Lopetegui has admitted that he is open to using Marco Asensio as a false nine ahead of his maiden campaign in chargeThe Champions League holders have a huge gap to fill in the centre of their attack with Karim Benzema being the only real option to take on the role as a false nine for the season ahead following Cristiano Ronaldo’s departure to Juventus last month.But Lopetegui made a surprise tactical change in Sunday’s 3-1 win over Juventus in the International Champions Cup by putting Asensio in the role after coming off the bench.And the move proved to be a masterstroke with Asensio grabbing a brace to secure victory for the Spanish giants.Now Lopetegui has suggested that we may be seeing more of Asensio as a false nine for next season.Fiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“It’s an option,” he admitted, via Goal.“Pre-season is a time when we can test different things and what we need to do is look for resources or different ideas within the team.“It was good to see him play at that position and he played extremely well. It’s not important where he plays but how he plays.”Bayern Munich’s Robert Lewandowski and Neymar from Paris Saint-Germain have been linked with a move to the Santiago Bernabeu this summer, although any prospective deal for the duo now appears to be extremely unlikely.Real will face AS Roma on Wednesday for their final pre-season friendly before taking on city rivals Atletico Madrid in the UEFA Super Cup
Stefano Pioli has praised his players and expressed his happiness after Fiorentina demolished Chievo 6-1.Fiorentina thrashed Chievo Verona 6-1 at the Stadio Franchi. Marco Benassi scored a brace and there was late Giovanni Simone nutmeg. Pioli was delighted with the performance of his team. Football Italia reports.“I am happy, but there was more to it than the result. Chievo still caused us a lot of problems and at least it means we are capable of suffering under pressure in difficult moments,” Pioli said.“We started the season earlier than usual actually, as we hoped to play the Europa League preliminary rounds, but then Milan won their appeal and were reinstated.Karsdorp reveals he had too much stress at Roma Manuel R. Medina – September 14, 2019 The Dutch defender has been with the Gialorrossi since 2017, but he has not enjoyed his time in the Italian Lega Serie A.“We had a lot of friendlies and trained well, but there’s always the doubt in your mind on how it’ll work in a competitive match. This was the big test and Chievo did cause us problems, but we remained a unit and that’s what I wanted to see.“The midfield is where we made the most changes, but we had eight of the old guard starting, so I was confident. Edimilson has been training with us for two weeks and there’s a lot of potential in the team.“What we’re trying to do is provide entertainment for the fans and some beautiful football, because those are the characteristics we have.”
Mazagan Beach & Golf Resort to host World Travel Awards Grand Final 2015 Recommended for you Related Items:Diamonds La Gemma dell’Est, Planhotel Hospitality Group, world travel awards, Zanzibar Sandals Resorts International Honored At Annual World Travel Awards Sandals Resorts win top prizes at World Travel Awards Gala in Exuma Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppLondon, November 25th, 2015 – World Travel Awards (WTA) has revealed Diamonds La Gemma dell’Est, Zanzibar, Tanzania, has been selected to host the Africa & India Ocean Gala Ceremony 2016.Set to take place on Saturday, April 9th, 2016, the dazzling red-carpet ceremony will welcome hospitality leaders and luminaries from across the regions.Diamonds La Gemma dell’Est, located on the north-western shores of magical Zanzibar, is set within stupendous exotic tropical gardens. The enchanting, luxurious and environmentally friendly resort has a total of 138 rooms, all with a private terrace and the majority with sea views.WTA President Graham Cooke said: “Our Africa & Indian Ocean Gala Ceremony will be the first stage on our 2016 Grand Tour and it will be a pleasure to visit Zanzibar, Tanzania, for the first time.“Zanzibar is famed and predominantly seen as a beach destination – with crystal clear warm cobalt-blue seas all year round and pure white sandy beaches. However, there’s far more to offer the discerning traveller.“From diving, snorkelling, kite surfing, deep sea fishing and many other aquatic experiences, as well as the often forgotten cultural experiences on offer.“WTA will showcase all this and more when we visit early next year.”WTA was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry.Today, the WTA brand is recognised globally as the ultimate hallmark of quality, with winners setting the benchmark to which all others aspire.Each year WTA covers the globe with a series of regional gala ceremonies staged to recognise and celebrate individual and collective successes within each key geographical region.Commenting on the decision Andrew Cook, General Manager, Diamonds La Gemma dell’Est said: “Hosting the WTA Africa & Indian Ocean Gala Ceremony 2016 at Diamonds La Gemma dell’Est in Zanzibar is one of the proudest moments in the resort’s history.“It is also an opportunity and endorsement for all in Zanzibar to showcase our offerings and reaffirm our country as a fast developing tourism destination in the world.“We not only aim to showcase and educate our guests on ourDiamonds resorts but also with our authentic cultural interactions with the warm and vibrant local ethnic communities.“Zanzibar is a progressive nation, bursting with local enthusiasm, talent and creativity.”Diamonds La Gemma dell’Est is part of the Planhotel Hospitality Group.Founded in 1997 in Lugano, the group has been operating in the tourism sector for over 18 years as a leading hotel management company for resorts and hotels in the Indian Ocean.Planhotel is renowned worldwide for its unique combination of local tradition and Italian style in both its design and guest services, without forgetting its exemplary all inclusive formula.WTA Gala Ceremonies are widely regarded as the best networking opportunities in the travel industry, attended by government and industry leaders, luminaries, and international print and broadcast media.For more information on the Africa & Indian Ocean Gala Ceremony 2016 head over to the official website.
Dusek: “Hopefully kids and parents will be safe, and get that tape and those reflective hats on.” Teachers are already filling the halls, and the students have initiated the final countdown for the first day of school on Tuesday, August 21. Kenai Peninsula Borough School District Superintendent Sean Dusek: “We’ve been working for a couple of days on opening up school, and making sure everyone is ready to go. We are taking care of some of the nuts and bolts, but also really exploring great instructional practices, and we are really excited about this year for the things we are going to try and accomplish in the classroom.” Facebook0TwitterEmailPrintFriendly分享Summer vacation for students around the Kenai Peninsula is drawing to a close as local schools prepare to open their doors for the new school year. Teachers, district representatives and local safety officials highlight the importance for students to dress in high visibility gear as they get ready to start commuting to school. For a comprehensive rundown of back to school information, including bus times, school locations, and healthcare records, click here: Kenai Peninsula Borough School District.
Facebook0TwitterEmailPrintFriendly分享Representatives with the City of Soldotna, and the Field House project team presented an overview of the proposed field house to a Soldotna Chamber of Commerce on Wednesday. PROPOSITION NO. 2019-AGENERAL OBLIGATION BONDS FORCONSTRUCTION OF A FIELD HOUSE AND RELATED CAPITAL IMPROVEMENTSAT THE SOLDOTNA REGIONAL SPORTS COMPLEXShall the City of Soldotna incur debt and issue general obligation bonds in an amount not to exceed Ten Million Dollars ($10,000,000) for the purpose of paying costs of construction of a Field House containing an indoor turf field and elevated track, at the Soldotna Regional Sports Complex?The bonds shall be secured by a pledge of full faith and credit of the City of Soldotna (Ordinance 2018-035)Yes A “YES” approves the issuance of general obligation bonds.No A “NO” opposes the issuance general obligation bonds. Soldotna City Manager Stephanie Queen, Public Works Director Kyle Kornelis and Project Co-Chair Tim Dillon gave the presentation. The question will go before the voters in a special election on March 5, for a 0.5% increase in the city’s year-round sales tax rate implemented for the 10-year life of the bond. This would increase the city’s sale tax rate from 3% to 3.5%. Dillon: “For years our young people have been traveling from Soldotna up to Anchorage on the weekends in order to use indoor facilities. You think about the safety back and forth, and the economic side of things. Well, with some of those people coming down this way paying for gas and food, that is going to dictate how this thing will get paid for.” The Soldotna City Council approved an ordinance back in December that will ask the voters if the city should borrow $10 million in a bond to build a proposed field house and increase the city’s sales tax by a half percent to cover the debt service on the 10-year bond. Dillon: “I just think it’s something that is much needed, and it’s been on people’s mind for a long time, 15-20 years. I’m excited to see it come to a vote on March 5, and we will see where people want to go.” The proposal will go before the voters within the City of Soldotna on March 5.
The former Fortune/Money Group president was named news group digital president late last year in the wake of Time Inc.’s dramatic restructuring that resulted in 600 layoffs. Time Inc. parent Time Warner is scheduled to report its third quarter earnings Wednesday. It has been rumored that the company might announce several hundred more layoffs at Time Inc. at that time. After 15 years at Time Inc., Vivek Shah is stepping down as digital president of the company’s news group. Shah [pictured] will remain with the company until the end of the year. His position will not be replaced. Time.com general manager Jim Cantarella is expected to be promoted to senior vice president of digital for the news group.“There are all sorts of possibilities in the digital word and I will be exploring it,” Shah told paidContent’s Rafat Ali.
Dan Cohen AUTHOR House leaders are scheduled today to unveil a fiscal 2017 budget resolution that retains the higher discretionary spending levels afforded by last October’s two-year budget deal.To offset the $30 billion in additional discretionary spending passed by Congress last year, the House GOP will look for savings from mandatory spending programs over the next two years. Those cuts, needed to secure the support of the House Republican conference’s conservative members, most likely would be advanced through separate legislation. The budget blueprint would require the House to enact a total of $100 billion in cuts over 10 years, reported CQ Roll Call.Thursday’s meeting of the conference will help party leaders determine if they have sufficient support to pass a budget on the floor.It is not entirely clear how the draft budget resolution will deal with the contentious issue of DOD’s overseas contingency operations (OCO) account. The GOP framework is expected to recommend $59 billion in spending for the war account, matching last year’s budget deal. But the resolution would clarify that the figure is a floor, as defense hawks have insisted, and that more funding could be added to the OCO account in the defense spending bill, according to the story.The budget resolution allows for $551 billion in national security spending in FY 2017, the same as called for in the October budget agreement.
– / 3Hurricane season begins June 1, and to make residents aware of it, officials are touring the Gulf Coast with their “Hurricane Hunter” airplanes. Crew chief Angel Negron gives me a tour of the G4 Hurricane Hunter by the National Oceanic and Atmospheric Administration.The jet is tasked with flying near a hurricane that has formed over the water and determining which way it is moving.“After this airplane started flying in 1997, it improved the track models by about 25 percent,” Negron says.James McFadden manages the hurricane program for NOAA’s Aircraft Operations Center.“We drop sondes around the hurricane and out in the environment away from the hurricane, looking for the steering currents that will drive the hurricane,” he explains.These devices are small tubes with instruments inside. As they glide down with a parachute, they send information, such as temperature, pressure and wind speed, back to the plane.Visitors at the Scholes airport in Galveston also get to tour a C-130 Air Force plane that actually flies through hurricanes. It delivers the sondes into the storm to determine its strength and potential.Steven Cooper, director of the National Weather Service southern region, says they do this awareness tour every year – alternating between the Gulf and the East Coast.“We bring the planes out because it’s a good thing to grab, a visual grabber,” he says. “We have typically, I think there are about 600 school kids that are coming through today.”Cooper says it’s important to get people thinking ahead of the hurricane season so they make preparations and don’t get complacent. To embed this piece of audio in your site, please use this code: Listen Share X 00:00 /01:36
Redshirt sophomore goalkeeper Rachel Florek has tallied 29 saves over the Cards’ last three contests and collected three ground balls against the Buckeyes. For the latest information on Louisville lacrosse, visit GoCards.com, or follow the team’s Twitter account at @LouisvilleLax or on Facebook at facebook.com/UofLLacrosse. Print Friendly Version Senior Tessa Chad surpassed two milestones during Louisville’s win over the Buckeyes, notching her 100th point as a Cardinal and the 200th point of her career en route to a program record 11 points from nine goals and two assists. Game Notes As a team, Louisville has turned the ball over less than its opponents in nine of its 15 games. The Cards forced 12 of the Buckeyes’ 19 turnovers in their latest outing. Sophomore Ally Hall also recorded a hat trick with three goals in the victory over Ohio State, her fifth of the season. Junior midfielder Sammy Mueller follows just behind with 34 goals and 19 assists for 53 points. Fellow midfielder Maggie Jackson leads the Cavaliers in both assists (25) and draw controls (67), while also adding 27 goals. Watch LOUISVILLE, Ky. – University of Louisville women’s lacrosse faces its seventh ranked opponent of the season this weekend, traveling to Charlottesville, Va. for a matchup with No. 7 Virginia on Saturday at 12 p.m. Date: April 13, 2019Time: 12:00 p.m. ETSite: Charlottesville, Va.Video: ACCNELast Meeting: April 14, 2018 – (L, 18-10 at Louisville)Series History: 0-5 (0-2 home, 0-2 road, 0-1 neutral) The Cardinals (5-10, 0-5 ACC) will look to build on the momentum from a dominant 19-7 victory over Ohio State and are in search of their first ACC win since April 22, 2017. Alex McNicholas also set a career milestone when she won her 100th draw control during Louisville’s game against North Carolina. The sophomore tallied six against the Tar Heels for 104 in her career. In goal, Charlie Campbell has tallied 132 saves in 15 contests with a save percentage of .452. As a team, Virginia is averaging 13.4 goals per game and is led by senior attacker Avery Shoemaker with 41 goals and 13 assists for 54 points. ABOUT THE CAVALIERS Virginia (10-5, 1-4 ACC) enters Saturday’s matchup as the No. 7 team in the nation, most recently defeating Penn State 16-13 on the road. Prior to Sunday’s win over the Nittany Lions, the Cavaliers had dropped two straight contests to Boston College and Maryland, the nation’s top-two squads. North Carolina was picked to finish fourth in the ACC Preseason Coaches Poll, and four Cavaliers were named to the Preseason All-ACC Team, including Shoemaker, Mueller, Jackson and defender Kaitlin Luzik. Series History – The Cardinals are 0-5 all-time against the Cavaliers, including an 0-2 record on the road. The last meeting occurred on April 14, 2018 and resulted in a 18-10 loss for the Cards at UofL Lacrosse Stadium. Story Links Live Stats
With Bollywood films now exploring new heights in terms of domestic and overseas incomes, which are soaring sky-high, is it hard to analyse the success and popularity of Indian film-making business? The latest example of proliferation of Bollywood films in Australia is explained by Pat Fiske, where she said that the aboriginal community of Ramingining in northern Australia
Sweating depends on body size, weight and not on gender, meaning that larger individuals sweat more than smaller ones during exercises in warm and tolerable conditions, a study has found, negating the conventional belief that gender influences sweat.The body cools itself down in two main ways: Sweating and increasing circulation to the skin’s surface. Body shape and size dictates which of these two is relied upon for heat loss, the researchers said. Also Read – Add new books to your shelf”Gender has long been thought to influence sweating and skin blood flow during heat stress. We found that these heat loss responses are, in fact, gender independent during exercise in conditions where the body can successfully regulate its temperature,” said lead author Sean Notley from the University of Wollongong in Australia.The study found that smaller males and females with more surface area per kg of body mass are more dependent on heat loss through increasing circulation and less dependent upon sweating. Also Read – Over 2 hours screen time daily will make your kids impulsiveFor the study, published in the journal Experimental Physiology, the team looked at skin blood flow and sweating responses in 36 men and 24 women.They performed two trials – one of light exercise and the other of moderate – at 28 degrees Celsius and 36 per cent humidity. These are conditions where the body is able to mitigate the additional heat produced during exercise and prevent further rises in body temperature by increasing sweating and blood flow to the skin. The results showed that the body temperature changes were same in all participants within each trial regardless of the gender.
(Click to enlarge) Renewed Fiscal Crisis by Early September At present, the US Treasury is playing daily accounting games in order keep its borrowings—subject to the debt ceiling—from exceeding the ceiling. The July 3, 2013 Daily Treasury Statement showed those borrowings to be just $25 million shy of the roughly $16,999.421 billion ceiling. The US Treasury estimates that the ability to play games will end, and the debt limit will have to be raised, sometime early in September 2013. The long-postponed and unresolved budget-deficit conflicts within the Congress and with the White House are likely to surface anew at that time. What is being played out here is still part of the fiscal-crisis confrontation of July and August 2011, which almost collapsed the US dollar and brought about a downgrade in the sovereign credit rating of the United States. The issues never were resolved. They were put off until after the 2012 election, and other than for minimal sequestration, they remain in play, going into a post-Labor Day 2013 showdown. The global markets, which broke into brief but extreme turmoil with the unresolved crisis in 2011, await a resolution. The markets have been patient with the US dollar through the ensuing sequestration, and continued postponements of serious negotiations that have accompanied successive displays of the political inability of the US government to address its long-range solvency issues. Further efforts at delay and/or obfuscation not only should invite an intensifying crisis of global confidence in the US dollar, but also will invite a further downgrade to the sovereign credit rating of the United States. The crux of the dollar-debasement and ultimate, severe-inflation/hyperinflation issues indeed is this political inability of the United States to cover its long-range obligations, other than by printing the money it needs. Based on the US Treasury’s financial accounting of the federal government using generally accepted accounting principles (GAAP), the GAAP-based federal budget deficit was $6.6 trillion in fiscal-year 2012 (year ended September 30). Well beyond the simple cash-based deficit of $1.1 trillion in fiscal 2012, the GAAP-based annual deficits have been in the range of $4 to $5 trillion for the six years leading up to 2012. The largest difference here is that the GAAP numbers include annual deterioration in the net present value of unfunded liabilities for programs such as Social Security and Medicare. Those GAAP levels are not sustainable or containable. Beyond the likelihood that the economy is at the tipping point on taxes, where higher taxes actually would increase the deficit due to resulting slower economic growth, the government cannot raise taxes enough to cover the actual deficit in any given year. The annual shortfalls also are so large that every penny of government spending (including defense) could be cut to zero except for the social programs, and the fiscal circumstance still would be in deficit. The options open to those running the government are limited in terms of new taxes and have to include significant spending cuts and restructurings of Social Security, Medicare, etc., so that those programs are solvent over the long haul. Such actions are a political impossibility at the moment. Given continued political contentiousness and the use of overly optimistic economic assumptions to help ten-year budget projections along, little but gimmicked numbers and further smoke and mirrors are likely to come out of pending negotiations or confrontations. Economic Plunge and Recovery versus Plunge and Stagnation The official version of recent economy activity is that a deep recession began in December 2007, hit bottom in June 2009, and that business activity has been in recovery since. That pattern is reflected in the accompany graph of headline, real (inflation-adjusted) gross domestic product (GDP). The economy regained its pre-recession high in fourth-quarter 2011 and has been expanding ever since. Unfortunately, no other major economic series has shown the full and expanded recovery suggested by GDP reporting. Those “errant” series include payroll employment, industrial production, consumer confidence, and housing starts, among others. (Click to enlarge) Other Factors Impacting the US Dollar, Inflation, and Precious Metals Highlighted here have been several issues where recent shifts in market sentiment have neutralized or reversed the impact or otherwise had been significant, negative elements for the outlook of the US dollar, and supportive elements of the outlook for domestic inflation and the prices of gold and silver. Market sentiments should shift again, both as the economy shows an intensifying downturn and as the clock runs out on fiscal-crisis delaying tactics. A new factor—not yet widely anticipated in the markets—is that still-developing political scandals tied to the Obama administration could threaten global perceptions of political stability in the United States, placing significant downside pressure on the value of the US currency. The popular press generally has been highly sympathetic to the political needs of the administration, so increasingly negative press in these areas suggests that recognition of the “scandals” has gained some momentum. In the event that a Watergate-type circumstance evolves from the current hubbub of touted misdeeds, it could become a seriously negative factor for the US dollar. After Nixon floated the US dollar in March 1973, the Watergate scandal began to break open with Congressional hearings. Despite other turmoil of the time, including an Arab-Israeli war and an Arab oil embargo, the day-to-day developments in the Watergate scandal dominated day-to-day trading in the US currency. When the US dollar again comes under heavy selling pressure, oil prices will spike anew, separate from the effects of political crises in the Middle East. The inflation, so driven, should reflect dollar weakness from Federal Reserve policies that Mr. Bernanke will find he cannot escape, and from dollar weakness reflecting the inability of the US government to address its long-term sovereign-solvency issues. Ongoing economic weakness will exacerbate the dollar-negative circumstances, intensifying the problems with Fed easing and US fiscal deterioration. The inflation will be driven by US dollar weakness, not by strong domestic demand for goods and services. As fundamental dollar selling kicks in, full-fledged dollar dumping along with heavy sales of dollar-denominated paper assets are likely to unfold. Preceding, or coincident with that, the global reserve status of the US dollar should be challenged. As the rest of the world moves out of the dollar, domestic confidence in the US currency will falter as well, eventually fueling severe domestic inflation, and setting the early base of a likely hyperinflation. Such an environment is one for which physical gold and silver would serve as primary hedges against the ultimate debasement of, and loss of purchasing power in the US dollar. Economist Walter J. “John” Williams publishes www.shadowstats.com. ShadowStats specializes in assessing the reliability of government economic data and in looking at alternative economic measures from the standpoint of common experience, net of heavily politicized methodological changes of recent decades (inflation, unemployment and GDP). Other analyses include estimates of ongoing money supply M3, which the Fed ceased publication in 2006, or less-commonly followed series such as the federal government’s GAAP-based financial statements. Articles related to the accompanying comments on the understatement of official inflation and federal-deficit reality, and an article outlining risks of a US hyperinflation, are available to the public in the upper right-hand column of the ShadowStats home page. (Click to enlarge) Closer to common experience, there never was a recovery following the economic downturn that began in 2006 and collapsed into 2008 and 2009. What followed was a protracted period of business stagnation that began to turn down anew in second- and third-quarter 2012. The “recovery” seen in headline GDP reporting was a statistical illusion generated by the use of understated inflation in calculating the inflation-adjusted series. During the last three decades, a number of methodological changes were made to inflation-estimation techniques that have had the effect of artificially reducing annual inflation rates. Of particular relevance to GDP estimation has been the introduction of hedonic quality adjustments, which adjust inflation rates for the effects of nebulous quality changes. These changes—ranging from new features with computers and washing machines to the use of colored pictures in college textbooks—cannot be measured directly, only estimated by econometric models, with the usual effect of reducing related inflation. The lower the inflation rate that is used in adjusting a series, such as GDP, for inflation impact, the stronger will be the resulting inflation-adjusted growth. When the US first used this process in its GDP reporting, countries such as Japan and Germany did not follow. Hence, stronger relative US versus Japanese GDP growth at the time reflected the difference of use in inflation gimmicks, more so than actual differences in economic activity. The hedonic changes used in US GDP estimates never have been applied consistently and do not reflect common experience. The following graph of corrected real GDP is adjusted for the removal of roughly two percentage points of aggregate, hedonically understated annual inflation. It shows a pattern of economic plunge and stagnation, as opposed to the official pattern of plunge and recovery. Our guest contributor today needs no introduction, but I’ll give him one anyway. John Williams, founder of Shadow Government Statistics (often referred to as “ShadowStats”), has been debunking federal government statistics for years. John adjusts government economic data to be more honest and realistic, and publishes the results on his website. Among other statistics, John has developed his own inflation, unemployment, and GDP measurements that aim to more accurately describe reality than the government’s own numbers. In some cases, the government has made his job easy—John simply uses the government’s own calculations from many years ago, before they were massaged, revised, and “improved” to the point that they’re hardly recognizable. For others, he strips out distortions and adjusts the statistics to more truthfully describe the real world. For instance, I’d bet that your grocery bill would agree that ShadowStats’ inflation rate of 9% is much closer to reality than the government’s own calculation of 1.4%. To whet your appetite, I grabbed two more of the more stunning stats from John’s piece below: The government reports its 2012 deficit as $1.1 trillion. If you calculate the deficit using generally accepted accounting principles, as publicly traded companies in the US are required to, the deficit would be $6.6 trillion. So far in 2013, the Federal Reserve purchased 90.5% of the US government’s net issuance of debt. The article is equal parts eye opening and sobering. Before moving on to the article, however, a brief announcement. A Casey phyle is starting up in Charlotte, NC. If anyone reading is interested in joining it, please drop an email to email@example.com to learn more. I’ll keep it short today by signing off here, as I’m still putting the final touches on this month’s The Casey Report, due out on Thursday. It’s going to be a good one, as we’re analyzing when nasty inflation might return to the US. If you’re not a subscriber already, check it out—it’s absolutely risk-free. See you next week. Dan Steinhart, Managing Editor of The Casey Report Market Shocks Ahead Should be Positive for Gold, Negative for the US Dollar By John Williams, Founder, ShadowStats.com Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still remains in the throes and aftershocks of the 2008 panic. A number of underlying problems of that time, tied to the risks of a near-systemic collapse and the related, extreme economic downturn, were pushed into the future—not resolved—by the extraordinary liquidity and systemic-intervention actions taken by the Federal Reserve and federal government. Further panic is possible, and severe US dollar debasement and inflation remain inevitable. Nonetheless, several major misperceptions appear to have developed in the last month or two concerning an end to the Federal Reserve’s quantitative easing, the level of crisis posed by US fiscal imbalances, and an unfolding recovery in the US economy. Contrary to currently hyped expectations in the popular financial media, chances are negligible for any serious, near-term reduction in the Federal Reserve’s purchases of US Treasury securities. The Fed has locked itself into ongoing quantitative easing, with fair prospects of expanded, not reduced accommodation in the year ahead. Separately, the long-term solvency issues of the United States should return to the center of attention for the global financial markets by early September 2013. At present, prospects of the US government meaningfully addressing its extreme fiscal imbalances are nonexistent. Exacerbating financial-system solvency concerns for the Fed and intensifying US fiscal instabilities, the US economy never recovered from its 2008 plunge, and now it is slowing anew. Increasing recognition of these factors, complicated by the potential of a domestic political scandal taking on Watergate-style status, promise difficult times ahead for the US dollar, with resulting domestic inflation problems and significant upside pressure on the prices of gold and silver. Federal Reserve’s Primary Function Is to Preserve Banking-System Solvency Despite a Congressional mandate that the Federal Reserve pursue policies to foster sustainable US economic growth in an environment of contained inflation, those issues are secondary to the Federal Reserve’s primary mission, which is to preserve the stability of the banking system. While Fed Chairman Ben Bernanke has acknowledged that there is little the Fed can do at present to boost economic activity, the weak economy remains the foil for banking-system difficulties, serving as justification for more easing by the Fed. Accordingly, since the breaking of 2008 crisis, the Fed’s accommodation, liquidity actions, and direct systemic interventions have been aimed at maintaining the stability and liquidity of the banking and financial-market systems. As bank bailouts became politically unpopular, the Fed increasingly used the weakness in the economy as political cover for its systemic-liquidity actions. In response to critics of excessive accommodation, the US central bank recently put forth several rounds of jawboning on exiting quantitative easing, in an effort to quell inflation fears. Those efforts have been a factor in recent gold selling. Comments from the June 19 Federal Open Market Committee meeting and Mr. Bernanke’s subsequent press conference were clear but largely ignored by the markets. The shutdown of quantitative easing—specifically the bond buying of QE3—would not happen until such time as the economy had recovered in line with the relatively rosy economic projections of the Fed. As the stock market began to sell off in response to the Fed chairman’s initial press-conference comments, he sputtered something along the lines of, “No, you don’t understand me. If the economy is weaker, we’ll have to increase the easing.” The economy is going to be weaker; banking problems will persist, and the Fed will continue to ease. Nonetheless, the consensus perception appears to be that QE3 will be gone by the middle of 2014, despite the stated economic preconditions. As will be discussed, though, intensifying economic deterioration should become obvious to the markets in the next several months, and that should help to shift perceptions. The harsh reality remains that the Fed is locked into its extraordinary easing by ongoing solvency issues in the banking system (only hinted at in Bernanke’s post-FOMC press conference), and by the political cover provided by a weakening economy. In the latest version of quantitative easing (QE3), the Fed has been buying US Treasury securities at a pace that is suggestive of fears that the US government otherwise might have some trouble in selling its debt. Through July 3, 2013 and since the expansion of QE3 at the beginning of 2013, the Fed’s net purchases of Treasury securities has absorbed 90.5% of the coincident net issuance of gross federal debt. That circumstance is exacerbated somewhat by gross federal debt currently being contained at its official debt ceiling. Still, in the pre-crisis environment of 2008, the St. Louis Fed’s measure of the monetary base (bank reserves plus cash in circulation) was holding around $850 billion, with roughly $40 billion in bank reserves. As a result of intervening Fed actions, today’s monetary base is around $3.2 trillion, with more than $2.0 trillion in bank reserves (primarily excess reserves). Under normal conditions, the money supply would expand based on the increase in bank reserves, but banks have not been lending normally into the regular flow of commerce, due largely to their impaired balance sheets. While there has been no significant flow-through to the broad money supply from the expanded monetary base, there still appears to have been impact. As shown in the accompanying graph, there is some correlation between annual growth in the St. Louis Fed’s monetary base estimate and annual growth in M3, as measured by the ShadowStats-Ongoing M3 Estimate. The correlations between the growth rates are 58.1% for M3, 39.9% for M2, and 36.7% for M1, all on a coincident basis versus growth in the monetary base. The June 2013 annual growth estimates are based on four weeks of data. The ShadowStats contention, again, remains that the Fed’s easing activity has been aimed primarily at supporting banking-system solvency and liquidity, not at propping the economy. When the Fed boosts its easing but money growth slows, as seen at present, there is a suggestion of mounting financial stress within the banking system. Further, underlying US economic reality is weak enough to challenge domestic banking stress tests. In this environment, the Fed most likely will have to continue to provide banking-system liquidity, while again, still taking political cover for its accommodation activity from the weakening economy. (Click to enlarge) Not only do a number of large, consumer-oriented companies find that the “corrected” pattern of activity more closely resembles their business activity, but this same pattern also is reflected in underlying fundamentals that drive broad activity, such as household income. The primary issues facing the economy are structural liquidity problems for the consumer, who generates more than 70% of GDP activity. Without real income growth, the consumer cannot sustain growth in real consumption, except for the possible use of short-lived credit expansion. Yet, credit availability has been limited. Without credit expansion (all growth in post-debt-crisis consumer credit outstanding remains in federally owned student loans), the consumer is unable to borrow in order to cover the shortfall in living standards. The next graph shows median household income through May 2013, deflated by the CPI-U (data courtesy of Sentier Research). Monthly median household income plunged as the economy purportedly began its strong recovery in June 2009. Further, in the last two years, income has been bottom-bouncing near its cycle low, consistent with the “corrected” GDP series. The numbers here are based on monthly surveying by the US Census Bureau. So long as consumer liquidity remains constrained, the economy has not and cannot recover. Accordingly, any near-term hype from an occasional “good” economic statistic most likely is no more than hype. Economic reality will continue to surprise on the downside, and that is a negative for the US dollar, as well as for budget-deficit and Treasury-funding projections. The US economic weakness is long-term and structural, and increasing global recognition of that in the months ahead will contribute to eventual pummeling of the US dollar in the global markets.
Staff Writer. Covers leadership, media, technology and culture. Add to Queue Nina Zipkin Uber 5 min read Image credit: Shutterstock Entrepreneur Staff 2019 Entrepreneur 360 List The only list that measures privately-held company performance across multiple dimensions—not just revenue. Just Who Has the Right Skills to Turn Uber Around? Experts says that communication and a capacity for empathy is a good place to start. August 1, 2017 –shares Apply Now » Next Article Last week, Hewlett Packard Enterprise CEO Meg Whitman decided to clear the air. The executive took to Twitter — an account that largely hadn’t been active since 2011 — to make this statement about whether she would step into Uber’s CEO position vacated by Travis Kalanick.(3/3) We have a lot of work still to do at HPE and I am not going anywhere. Uber’s CEO will not be Meg Whitman.— Meg Whitman (@MegWhitman) July 28, 2017Her answer was a resounding no. So who is it going to be? Facebook COO Sheryl Sandberg and GM CEO Mary Barra apparently aren’t interested either. Two of the names that have floated to the surface are Jeffery Immelt, who will leave his post as CEO of GE this week, and Mark Fields, who was CEO at Ford.Kyle Jensen, associate dean and director of entrepreneurship at the Yale School of Management, says he thinks that those leaders would be sensible choices.“Each is a Silicon Valley outsider and each presided over complex multi-national operations, which is relevant as Uber races Lyft and others around the globe,” Jensen says. “Unfortunately for Uber, its culture was ill-shaped by the leadership of founder Travis Kalanick. Uber is in the enviable position of leading the ride share market, which will provide some breathing room and time to instill more sound ethics in the organization. Until the culture is fixed, it will be a tax on the company.”The search continues for a new person to helm the embattled ride hailing company, but reports indicate it hasn’t been the smoothest transition. And that’s before you get into turning around a company that has spent months beset by scandal.As Kalanick remains on Uber’s board, how much of an impact the former CEO will have on the day-to-day operations of the company remain somewhat unclear, but it would seem that he isn’t quite comfortable with the idea of taking a backseat to new leadership.Related: Travis Kalanick Stepped Down, But Uber’s Problems Won’t Be Instantly SolvedAccording to Kara Swisher in Recode, some are concerned that Kalanick is “trying to game the outcome in his favor, after he told several people that he was ‘Steve Jobs-ing it.’ It is a reference to the late leader of Apple, who was fired from the company, only to later return in triumph.”In April, Uber’s valuation was hovering around $50 billion — still high, but a significant dip from the $70 billion valuation that made it the most valuable private company in the world. For the members of the board who have put money and time into the growth of the company, finding a new CEO isn’t just about righting Uber’s cultural woes but also getting a return on their investment.“This next CEO could potentially be the CEO to take the company public,” notes Dr. Marsha Ershaghi Hames, managing director of strategy and development at LRN, a firm that specializes in helping companies build cultures and systems of leadership that promote ethical behavior. But in order for the new leadership to succeed, it can’t just be about the money.Related: Uber Recently Gave Pay Raises, But Are They Enough to Keep Employees Around?“We’re in this era where we’re doing well when we’re doing the right thing,” Ershagi Hames says. “My advice to whoever is leading the recruitment and evaluation for the next Uber CEO is there isn’t going to be one individual or one silver bullet. That individual put into the position of leadership needs to lead by building trust, by driving an open and transparent dialogue, by being willing to listen first and by connecting profit with purpose.”One of the central tasks that a new CEO will have to contend with is recreating the company’s culture. The investigation conducted by former attorney general Eric Holder highlighted the most toxic elements that need to be removed in order for Uber to move forward, but Heather Huhman, career expert and the president of Come Recommended, says that it can be tough to impose a new culture, especially if it is seen as coming from an outsider.“Culture is discovered rather than created — and a new leader will need to listen very carefully to the people inside Uber to find the stories and values that they can amplify to propel them forward,” she says. “This will be the defining trait of the right person — that they are able to find a voice for the people that are there, rather than bringing all the ideas from outside. These are hard questions that the company needs to grapple with, and they will require an extremely skilled listener and communicator to turn the ship.”Related: The Rise and Fall of Uber and Travis KalanickBrett Stephens, the CEO of executive search and leadership consulting firm RSR Partners, agrees. He says that he thinks the main trait that a successful CEO leading a turnaround must have is a capacity for empathy.“Uber is a perfect example of how artificial intelligence and digital disruption are quickly recalibrating the CEO’s desired skillset,” Stephens says. “These chief executives need to be experts in collaboration, engagement and human interaction. This ability to connect with others will likely be the defining leadership trait of our generation. If deployed adeptly, empathy will enable a new CEO to not only excel at reshaping the company, but also build a culture that empowers employees, strengthens the company and rewards investors.”While Uber’s first era was marked by sharp elbows and a win-at-all-costs mentality, for the company to succeed in its next chapter, the person at the helm will do well to listen rather than talk.