a month agoFiorentina boss Montella insists no regrets over his time with AC Milan

first_imgAbout the authorCarlos VolcanoShare the loveHave your say Fiorentina boss Montella insists no regrets over his time with AC Milanby Carlos Volcanoa month agoSend to a friendShare the loveFiorentina boss Vincenzo Montella has no regrets over his time with AC Milan.The Viola meet Milan later tonight.“It was a fantastic experience, we won a trophy, which some people conveniently forget,” said Montella, referring to the Italian Super Cup against Juventus.“We didn’t purchase practically any players and still qualified for Europe, which hadn’t happened for a few years. I don’t consider that a negative time at all.“When I was at Milan, Suso, Patrick Cutrone and Davide Calabria were set to be sold. I think we did good work with homegrown talents like Manuel Locatelli and Gianluigi Donnarumma.” last_img read more

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John Calipari Brought His Daughter To The NBA All-Star Game, And She Is Having A Blast Photobombing Him

first_imgJohn Calipari's daughter takes secret picture of his at All-Star Game.Kentucky head coach John Calipari, of course, is on-hand at the NBA All-Star Game tonight to cheer on a few of his former players. But it looks like he’s also brought his daughter Erin along for the experience. She seems to be having a grand old time too, for other reasons than just the game.Calipari, who is clearly a bit bored, claims that she’s been photobombing her father all day. The irony? She’s worried about embarrassing him.W/ @UKCoachCalipari standing far enough away that I don’t have to talk to anyone but close enough that he can’t forget I’m here and leave me— Dr.SicilianoCalipari (@TheErinCalipari) February 15, 2015Every once in awhile he’ll introduce me to someone and then wait to see what I say. Pretty sure he’s thinking “you better not embarrass me”— Dr.SicilianoCalipari (@TheErinCalipari) February 15, 2015If you’ve taken any selfies with @UKCoachCalipari today better check the background. Yup.That’s me making that weird face. You’re welcome— Dr.SicilianoCalipari (@TheErinCalipari) February 15, 2015You think I’m kidding. I have this down to a science. About 6ft away is perfect. pic.twitter.com/hb8fzy0CjQ— Dr.SicilianoCalipari (@TheErinCalipari) February 15, 2015We can’t wait to see if any of these supposed photos pop up. Most people never get a chance to get the best of Coach Cal.last_img read more

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Video: Duke’s Grayson Allen Appeared To Intentionally Trip Louisville’s Raymond Spalding

first_imgGrayson Allen on the floor against Rhode Island.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.last_img read more

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Grand Final for Festival Song July 15

first_imgThe grand final of the Jamaica Festival Song Competition will be held on Sunday, July 15 at the Ranny Williams Entertainment Centre on Hope Road in Kingston, beginning at 6:00 p.m.It will be the first event for the 56th anniversary of Jamaica’s Emancipation and Independence celebrations, being held under the theme ‘Jamaica 56 – One Love…One Family’.The event, which is free to the public, will be streamed live across three platforms – the Jamaica Cultural Development Commission (JCDC) website, Facebook and YouTube.Head of Marketing and Public Relations of the JCDC, Andrew Clunis, told JIS News that the Festival Song winner will be chosen by a panel of seven judges who are knowledgeable about the music industry and the festival product.“Those judges will deliberate about the criteria given to them to select a winner,” he said, adding that much emphasis will be placed on the quality of the song. Mr. Clunis pointed out that the writer of the song will receive a special prize.Persons who submitted entries to the competition were exposed to workshops to improve their stagecraft, writing of lyrics, composition of melodies as well as learning the basics in music theory.Meanwhile, Mr. Clunis is calling on Jamaicans to come out and support their favourite performer.“It is going to be a great evening of entertainment. We might think it is down to the contestants, but we have done a bit more and we are offering the pubic a bit more in terms of entertainment,” he said.Performers at the event will include guest artiste Leroy Sibbles, past Festival Song winners Roy Rayon and Tinga Stewart, and the ASHE ensemble.“We will be bringing to the audience all that is Festival and all that is celebratory about our Independence in their presentations,” he added.Explaining why the final will take place two weeks before the Independence celebrations, he said the idea is to allow the public to become familiar with the winning song.“In order for us to have that song that we are familiar with and to sing along, we need to give time, and so when we select the winning song on Sunday, it will be for us to say to Jamaica, here is your Festival song,” he said, adding that it will be on every radio station in Jamaica and overseas.“Come Independence, it will be on everybody’s lips and everybody will be dancing,” he said.The inaugural Festival Song Competition was held in 1966, with the group Toots and the Maytals copping the honours with their seminal composition titled – ‘Bam Bam’.last_img read more

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Alberta eyes tar sands boom

first_imgAPTN National NewsOne of the world’s largest oil companies says they are running out of oil.In its annual financial report, energy giant Exxon Mobil says that for every 100 barrels of oil it has in reserves, it can only replace 95.The Alberta government sees that as its ace in the hole.APTN National News reporter Noemi LoPinto has more.last_img

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Excise dept told to explore possibility of earning revenue from confiscated liquor

first_imgNew Delhi: In a Law and Order meeting on the theme “General Election 2019 preparedness”, the Excise Department was told to explore the possibility of earning revenue from confiscated liquor. In the meeting, the city police were told to closely monitor the social media till the completion of the election. Highly placed sources told Millennium Post that the meeting was held at Raj Niwas on the last week of March. The timing was around 11:30 am under the chairmanship of LG Delhi. The meeting was attended by chief secretary rank officials, Delhi Police, the Excise Department, Divisional Commissioner. “In the meeting Excise Department has been told to explore the possibility of earning revenue from confiscated liquor in accordance with rules instead of destroying it, if found fit for human consumption,” sources said.The meeting was related to preparedness of Delhi Police including force management, coordination with police neighbouring states to check communal violence, terrorist activities, distribution of illicit liquor, cash & other narcotics drugs, security of VIPs/VVIPs, crime in border areas, sale of illegal arms, weapons, action against defacement of public property, vulnerability mapping of polling stations. At the start of meeting a Special CP from Delhi Police gave a power point presentation on the preparedness. The issues of deployment, mobility, the requirement of Central forces, coordination with neighbouring states and enforcement of Model Code of Conduct were discussed. Sources further said after deliberations, several decisions were taken in the meeting. Chief Secretary and Commissioner of Police will maintain constant liaison with CEO, Delhi to ensure strict enforcement of Model Code of Conduct and action against illicit cash, liquor and muscle-men. “Field supervision to be ensured by senior officers through surprise checks. It was informed that a Single Window System for permissions before conducting meetings, rallies etc exists in the office of every Returning Officer. The same facility is also available through an App called Suvidha. LG advised that the App should be publicized through police and Revenue Department,” sources said quoting the meeting points. According to Delhi Police data, this year 1,76,890 bottles seized by city police and excise Act cases till March was 1,549.last_img read more

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Sky in Germany has rolled out a major expansion to

first_imgSky in Germany has rolled out a major expansion to its Sky Anytime service, offering more content to stream on-demand through its Sky+HD receivers.Sky said that via web streaming, customers can now access up to six times more content than before, including recently released movies like Guardians of the Galaxy and series premieres of TV shows like the second season of True Detective, immediately after their US launch.Other content now available via on-demand includes entire past-seasons of shows like House of Cards and Game of Thrones, as well as documentaries, Sky Arts content, children’s programs and sports highlights.“By expanding the streaming function, we offer subscribers with Sky + receivers a lot more variety of programs on demand precisely where our content is most used: on TV,” said Peter Schulz, vice president of on-demand programming at Sky Germany.Customers can access the on-demand content by connecting their Sky+ receiver to the web via a network cable or a Sky WLAN module.last_img read more

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Click to enlarge Renewed Fiscal Crisis by Earl

first_img (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 phyle@caseyresearch.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.last_img read more

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Take oil and gasoline for example Oil is far rem

first_img Take oil and gasoline, for example. Oil is far removed from final use (gasoline) and has varied from $30 to $140 a barrel during the past ten years… and yet the gasoline price (final consumption) is far more stable, varying from $3 to $4 a gallon. But there’s a silver lining in this story. While commodity prices are far more volatile, it also means that commodities and commodity stocks can be much more profitable on the upside… if you buy right. And with commodity prices down 40% or more (with oil being an exception), now may be a great buying opportunity. For example, Newmont Mining (NEM) is currently selling for book value at only eight times current earnings and sports a 5.1% dividend that is rising. It looks like a bargain to me. Good investing, AEIOU, Mark Skousen Editor, Forecasts & Strategies www.markskousen.com “To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown—the first instinct is to eliminate these distressing states. First principle: any explanation is better than none. —Friedrich Nietzsche “Nobody really understands gold prices and I don’t pretend to understand them either.” —Ben Bernanke, July 18, 2013 (6 days ago) As Nietzsche understood, humans like to have an explanation for everything. Unknowns are stressful. Behavioral psychologists will tell you that when you come to understand a previously baffling phenomenon, your brain releases chemicals that make you feel good. Humans are chemically wired to seek knowledge for the sake of certainty, real or imagined. That’s not to say humans who don’t seek answers about a particular subject have some sort of handicap. Some topics are simply of no interest. For instance, I don’t know why my dog likes to lick my face, but I’m not going to spend precious time looking it up, because I don’t really care. However, if I were chairman of the Federal Reserve and didn’t understand the forces that move gold, learning about them would be near the top of my to-do list, if for no other reason than a large swath of the investment community uses gold as a barometer to evaluate how good a job I’m doing. Bernanke’s clueless quote paints a stark contrast between the academic and real world. Upon observing the recent correction in the price of gold, how many asset managers do you think threw their hands up in confusion and proclaimed that no one can possibly know what’s going on, so why even try? My guess is zero. Instead, they researched, reached out to their contacts, and tried to find out what the heck was happening. Collectively, they hatched a multitude of theories—the vaunted QE taper, JPMorgan’s dominance of the paper gold market, stricter gold buying laws in India—as to why the gold price fell. Some were more viable than others. The point is that human nature compels us to seek answers to pertinent questions, especially if those answers impact your wealth, your employment, or both. Bernanke, apparently, is immune to these forces. It’s curious that he doesn’t even try to understand gold. Perhaps he’s short on serotonin receptors… though it’s more likely that he doesn’t want to understand, because doing so would call into question virtually every action he has taken since becoming Fed chairman in 2006. Or maybe he does understand the connection between his printing trillions of dollars and the sevenfold rise in the price of gold, but pretends not to. Only Ben knows for sure. Our feature article today approaches the issue of gold volatility from a broader angle by explaining why not just gold, but all commodities, are so volatile. Have you ever wondered why the price of coffee beans has dropped 34% in the past year, but the price of a venti at your local Starbucks hasn’t budged? Mark Skousen, today’s featured author, has the answer. If you aren’t familiar with Mark, he is an Austrian School economist, investment expert, and newsletter editor. He’s written several books, is the founder of FreedomFest (at which our own Doug Casey was a keynote speaker just a few weeks ago), and is in general a heavyweight in the combined fields of economics, investing, and freedom. Enjoy Mark’s article, and see you next week. Dan Steinhart Managing Editor of The Casey Report Why Are Gold and Commodities So Darn Volatile? By Mark Skousen, Editor, Forecasts & Strategies Why are commodities and commodity stocks so volatile? Commodity speculating is not for the faint of heart, and many investors give up on gold, silver, and mining stocks because they can lose 40-90% of their value in a short period of time. Gold’s recent drop from $1,900 to $1,200 is a case in point. You have to expect a volatile market. The reason why commodity prices vary so much can be found in an understanding of Austrian economics, the free-market school that is endorsed by Doug Casey, Rick Rule, and many other commodity experts. As developed by Ludwig von Mises and Friedrich Hayek in the 20th century, the Austrian school of economics explains why commodity prices are so volatile. Austrian economists call it “the structure of production.” As a follower of the Austrian school, I wrote a book titled The Structure of Production (New York University Press, 1990). Rick Rule told me he loves the book and has bought hundreds of copies to give to his clients. Austrian economists emphasize the structure of the economy—the structure of interest rates, production, employment, and inventories. It is a complex theory, but the basic idea is that price volatility depends on how far away the product or service is from final consumption. Consumer prices are the most stable, producer or wholesale prices less stable, and commodities are the furthest from final use; therefore, those prices are the most volatile. You can see this difference in the graph below, where the Consumer Price Index (CPI) is far more stable than the RBA Commodity Index.last_img read more

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As stories circulated of Iraqi cities falling to S

first_imgAs stories circulated of Iraqi cities falling to Sunni militia groups, I was struck by the words of Former Marine Staff Sgt. Keith Widaman, who spent a tour in Iraq: “When I left in April 2009, I said, ‘In five years there’ll be a civil war.’” Mr. Widaman was right, as we’ve all seen over the past few days, and the “high officials” were wrong. The result – and I say this with sympathy for the dead, injured, and traumatized – is that the fighting, “nation building,” and trauma were all for nothing. When it comes to war, always believe the men and women who spent time on the streets, not the politicians and generals. Iraq is not going to become a Western country. Afghanistan is not going to become a Western country. There is no foundation for Western life there, and as soon as overwhelming force pulls back, life there will return, more or less, to its usual ways. If you want to change a way of life, you have to change the deep cultural assumptions that give it its shape. Armies and corrupt sycophants won’t cut it. Saddam Was Necessary Please understand that I think Saddam Hussein was a monster, and that I’m pleased he’s no longer running around on this globe killing people. But that said, if you want a country like Iraq to hold together, you need more than the usual level of coercion; you require a tyrant. The borders of Iraq were drawn by the Brits in about 1920. In other words, a conquering power (the Brits ‘won’ World War I) drew lines on the map as it suited them. But when they did, they ignored the fact that they were forcibly grouping Sunnis and Shiites together, and that they hadn’t learned how to mix. Forced grouping is a very important subject, and one that is almost totally ignored by rulers. They control the borders and they expect everyone to get along. They have scribbles on papers called laws, after all! But when you force humans together against their will, all sorts of frictions, insults, and misunderstandings arise… and there is no way to escape them, because the grouping is enforced. If you leave people alone, they generally learn to co-exist. For example, there is a street in my old neighborhood lined with stores owned and run by both Indians and Pakistanis. These people – bloody enemies in their old countries – have learned to get along for one reason: No one forces them to live or work on that street. If they want to open a store or rent an apartment there, they can. If they don’t want to, they don’t have to. The result of freewill grouping is that people eventually learn to get along. The result of forced grouping is resentment, sectarianism, and all too often, blood. If you want a nation of Shias and Sunnis and Kurds to function as a single unit, overwhelming force – permanent overwhelming force – is required. Without it, things fall apart, and civil war is the typical result. So, if the Foggy Bottom Gang (that’s the State Department) is religiously committed to sacred, unchangeable borders, the US must become a colonial dominator. That means a permanent military occupation and our sons and daughters spending years, openly and knowingly oppressing people, “for their own good.” Afghanistan Afghanistan is a more homogenous country than Iraq, but it’s not going to become a Western nation either. I spent time in Afghanistan in 2007, outside of the safe bases where politicians and media show up, take a few photos, and leave. I dealt with real Afghans, from the lowly to high military. I saw a tremendous amount during my short stay, including the worst corruption I’ve ever seen, anywhere. Everything was corrupt, from the lowest levels of bureaucracy and police power to the Western aid agencies. It was a riot of domination, bribery, poverty, skimming, and dirty deals. That place is not going to become normal in any way that we understand. Not for a long time. A Few Have Done Well Seeing that the US government has spent about $2 trillion on these escapades (it was officially $1.283 trillion in 2011), someone had to make money on them. Those people were Dwight Eisenhower’s military-industrial complex (MIC), with the new mega-intelligence complex tacked on for good measure. The people who make killing machines have done very, very well. As have the people who build spying machines. Certain engineering and private military contractors have done very well too, but only those who had contacts inside the MIC. Independents got nothing. The people who were in positions to hand out contracts made a lot of money. Perhaps the oil companies and Middle Eastern royalty did well on it too, but that’s beyond my direct knowledge. Who Lost Badly The worst losers, of course, were the dead. I’m not sure how many Iraqis died; estimates range from 100,000 to over a million. That’s a lot of dead people – all of them sons, daughters, fathers, mothers, brothers, sisters, and friends. The fact that these deaths were far away doesn’t make them any less tragic. The number of injured must be much higher, of course. On the Westerner side, only a number of thousand died, but that’s not trivial either, nor are the many more thousands of injured. And not only that, but returning soldiers are committing suicide in surprising numbers. Aside from the military-industrial-intelligence complex, everyone has lost, and the situations in both Iraq and Afghanistan are “reverting to the mean.” And there they will stay, unless Americans commit their children to serve as international oppressors. It really was all for nothing. Paul Rosenberg FreemansPerspective.comlast_img read more

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ListenFirsts State of Social TV Report Provides Key Insights To Boost Strategy

first_imgTV Social Audience Growth up 16% in q1 2019, Social Engagement up 6% for TV IndustryListenFirst, the most comprehensive social analytics solution for the enterprise, released its 2019 State of Social TV report with key insights into how consumers are engaging with TV properties on social media, the impact on TV arising from the changes in audience and content quality across social platforms, and the continued rise of Instagram. ListenFirst’s report details the rise in Instagram Stories, fan footprint and engagement, growth in YouTube subscribers and viewership for TV pages, and the uptick in Facebook organic reach and Twitter engagement after major declines.“This report shows the effects that the various social platforms’ changes in the past year had on TV audiences; from Facebook’s algorithm change, to Twitter’s bot purge, to Instagram’s Stories enhancements,” says Jason Klein, Co-Founder and Co-CEO, ListenFirst. “The unique insights in this report can help TV networks understand and capitalize on the platforms, content types, and strategies which are thriving in the current social landscape.”Marketing Technology News: Captify and Publicis Media Release New Research Revealing Global Beauty Trends That Will Transform The Larger FMCG EcosystemKey takeaways from the report include:Instagram and YouTube leading in TV audience growth and interactions: TV pages saw their fan footprint grow 83% on Instagram and 211% on YouTube from Q1 2017 to Q1 2019, with Instagram engagement growing 123%, and YouTube video views up 135% during the same periodOrganic reach on Facebook is on an upwards trend: Organic reach for content published by TV pages on Facebook dropped from 7.85% in January 2018 to a low of 3.66% in November 2018, but has since trended upwards, ending March 2019 at 5.86%; organic reach for branded content posted by TV pages was also up to 11.5% in Q1 2019, up from 9.5% in Q1 2017Streaming networks outpace other networks in social engagement: Social engagement for streaming programs spiked 200% from Q1 2017 to Q1 2019, while Broadcast and Premium Cable programs grew by 55% and 69%, respectively, during the same periodOn Instagram, organic reach dips slightly, but the platform is still growing fast: Despite organic reach for content published by TV pages declining slightly in 2018, from 27.85% in January 2018 to 23.78% in March 2019, Instagram continues to grow with 156% more Stories posted by TV pages in Q1 2019 compared to Q1 2018 and the number of TV programs posting Instagram Stories up 74%Top 5 TV Programs by Interest Score in Q1 2019: Game of Thrones, HBO (9.1M); The Umbrella Academy, Netflix (6.5M); You, Netflix (4.3M); Shadowhunters, Freeform (4.2M); Riverdale, The CW (3.7M)Top 5 TV Network Roll-Ups by Social Engagement Score in Q1 2019: ESPN (564.5M), E! Network (204.4M), ABC (202M), NBC (199.7M), Netflix (187.5M)Marketing Technology News: Arvind Fashions Partners With Nucleus Vision to Create a More Seamless and Personalized Shopping ExperienceListenFirst is the social analytics solution trusted by the largest companies in the world. With a breadth of analytics and domain expertise unmatched in the market, we provide a streamlined solution for leading brands seeking to unlock the power of social insights in an increasingly fragmented world. Founded in 2012, ListenFirst has been honored with multiple accolades including 2018 and 2019 Stevie Awards for exceptional client service, a 2019 High Performer recognition from G2 Crowd, and named one of Inc. 500’s fastest growing companies. ListenFirst clients include major media brands including Turner, AMC Networks, Amazon, A&E Networks, and FOX, and is regularly featured in Variety, Ad Age, The New York Times, and more.Marketing Technology News: RainFocus Recognized as Account-Based Marketing Thought Leader ListenFirstMarketing TechnologyNewssocial analytics solutionSocial TV reportStreaming networksTV audiences Previous ArticleSreekant Lanka Joins iQuanti as Head of Paid MediaNext ArticleComscore Expands Partnership with Lockwood Broadcast Group to Exclusive Measurement Deal ListenFirst’s State of Social TV Report Provides Key Insights To Boost Strategy Performance PRNewswireMay 15, 2019, 3:41 pmMay 15, 2019 last_img read more

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AntiTB drugs can increase susceptibility to Mtb reinfection

first_img Source:https://www.mcgill.ca/newsroom/channels/news/anti-tb-drugs-can-increase-risk-tb-re-infection-295658 Reviewed by Kate Anderton, B.Sc. (Editor)Mar 22 2019Current treatments for tuberculosis (TB) are very effective in controlling TB infection caused by Mycobacterium tuberculosis (Mtb). They don’t, however, always prevent reinfection. Why this happens is one of the long-standing questions in TB research.So why are our bodies unable to generate permanent immunity to TB, – the leading infectious disease killer worldwide? A team of scientists at the Research Institute of the McGill University Health Centre (RI-MUHC) and McGill University may have found the answer… in the gut. In a study published recently in Mucosal Immunology, they showed that anti-TB drugs caused changes to gut microbiota – the diverse community of microbes living our intestines — and increased susceptibility to Mtb infection.Gut microbiota are critical to keeping us healthy; they help to digest food, combat pathogenic microbes and reinforce our immune system. Recent research has shown that chronic use of antibiotic leads to disruption of this community, which can in turn lead to dysregulation of the immune system. It remains unclear, however, whether changes in the composition of the microbes living in our gut have an influence on TB infection.Impact of anti-TB drugs on microbiome To find out, Drs. Irah King and Maziar Divangahi from the Meakins-Christie Laboratories at the RI-MUHC, with colleagues from McGill’s Macdonald Campus, treated mice with the most commonly used anti-TB drugs – isoniazid, rifampicin and pyrazinamide – for a period of eight weeks. They found that while all three drugs significantly altered the composition of the mice’s gut microbiome, only mice treated with isoniazid combined with pyrazinamide showed an increase in susceptibility to Mtb infection.To make sure the vulnerability of the host to Mtb infection was due to a compromised gut microbiota, the researchers looked at… feces. By transplanting feces from mice that had been treated with anti-TB drugs (specifically isoniazid and pyrazinamide) into untreated mice prior to infection, they were able to show for the first time that fecal transplant was sufficient to compromise immunity to Mtb.Related StoriesScientists discover how resistance to the chemotherapy drug 5-fluorouracil arisesArtificial DNA can help release active ingredients from drugs in sequenceA Portable Solution for the On-scene Identification of KratomRelationship between the gut microbiome and the lungsKing and his colleagues also wanted to better understand the gut-lung axis – a bidirectional communication system between microorganisms residing in the gastrointestinal tract and the lungs – in order to how this might be involved in Mtb infection and immunity.To do so, they evaluated a number of lung cell types known to be important for resistance to Mtb infection. Following anti-TB treatment, alveolar macrophages, a type of immune cell located in the airways of mice and humans and the first cell to encounter Mtb upon infection, were compromised in their ability to kill Mtb.”We need to do more research in order to understand how the microbiome affects alveolar macrophages because these cells are critical for controlling early TB infection. We also need to identify the molecular pathways involved in the gut-lung axis,” explains King.”Anti-TB therapies have been incredibly efficient in controlling the TB epidemic by decreasing morbidity and mortality associated with Mtb,” says King. “Now, this work provides a basis for novel therapeutic strategies exploiting the gut-lung axis in Mtb infection.”Researchers are already thinking of monitoring patients who are being treated with these drugs to see how their gut microbiota changes over time and once treatment has stopped. The idea will be to control changes to the microbiome in combination with drugs that are effective at killing Mtb.last_img read more

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Tesla makes 5000 Model 3s per week but can it continue

first_img CEO Musk: Tesla hits weekly goal of making 5,000 Models 3s Tesla Inc. made 5,031 lower-priced Model 3 electric cars during the last week of June, surpassing its often-missed goal of 5,000 per week. But the company still only managed to crank out an average of 2,198 per week for the quarter. Citation: Tesla makes 5,000 Model 3s per week, but can it continue? (2018, July 2) retrieved 18 July 2019 from https://phys.org/news/2018-07-tesla-3s-week.html © 2018 The Associated Press. All rights reserved. Shares of Tesla Inc. fell around 2 percent to $336.21 in late-day trading Monday.Consumer Edge Research Senior Analyst Jamie Albertine takes a more bullish view. He says Musk doesn’t manage for quarterly results, and believes Tesla can keep producing at the current rate. “I don’t believe their goal was to simply hit 5,000 a week and somehow revert to a lower production rate in the future,” Albertine said. “Their goal is to hit it sustainably with high quality production.”He thinks the company can reach production of 10,000 vehicles per week, or roughly a half-million per year. That will significantly lower capital spending and other expenses so it can turn a profit, said Albertine, who has met with Tesla management.Last summer, when the first Model 3s began rolling off the assembly line, Musk promised to build 5,000 per week by December and 10,000 per week in 2018. But he also warned at the time that Tesla was entering at least six months of “manufacturing hell.”On Monday, the company said it delivered 18,440 Model 3s during the quarter to help satisfy a waiting list that now is around 420,000. Some have been holding out for their cars since March of 2016 when the company first started taking orders. Another 11,166 Model 3s are en route to be delivered to owners, the company said.Currently the cheapest Model 3 that can be ordered costs around $49,000, and they can run upward of $70,000. The company hasn’t said when it will start producing the $35,000 version.Tesla also said it delivered 10,930 Model S sedans and 11,370 Model X SUVs during the quarter.Tesla burned through more than $1 billion in cash in the first quarter.Moody’s Investor Service downgraded Tesla’s debt into junk territory back in March, warning that Tesla won’t have cash to cover $3.7 billion for normal operations, capital expenses and debt that comes due early next year. Tesla said cash from Model 3 sales will pay the bills and drive profits.Musk told investors on a first-quarter earnings conference call that the company relied too heavily on automation. It had to hire more people to work at the factory. Tesla reported making 28,578 Model 3s from April through June, according to its quarterly production release on Monday.The Model 3, which starts at $35,000, is the key to turning Tesla from a niche maker of expensive electric cars to a profitable, mass-market automaker. The company badly needs cash from the compact cars to deliver on CEO Elon Musk’s promise to post a net profit and positive cash flow in the third and fourth quarters. The company has had only two profitable quarters in its 15-year history.To hit the 5,000-per-week mark, Tesla had to erect a second Model 3 assembly line under a tent outside its Fremont, California, factory, and Musk had to spend nights in the plant working out bugs with automation and other problems.The company now says it expects to hit 6,000 Model 3s per week by late August, with its Model 3 assembly line under the plant’s roof reaching 5,000 on its own.”The last 12 months were some of the most difficult in Tesla’s history,” the company’s statement said. Hitting the 5,000 mark “was not easy but it was definitely worth it,” the statement said.Tesla critics now wonder if it can keep up the 5,000-per-week rate, and they question whether it can build high-quality vehicles underneath the heavy-duty tent on the site of what once was a joint-venture factory for General Motors and Toyota.Dave Sullivan, manager of product analysis at AutoPacific Inc. and a former manufacturing manager for Ford Motor Co., said reaching the 5,000-per-week won’t make Tesla profitable by itself. He predicted the company will have trouble sustaining it because parts suppliers will have difficulty keeping up and bottlenecks will develop in the body assembly and paint shops.Tesla, he said, delayed delivery of many of the Model 3s that it made in the second-quarter to boost revenue and achieve the third-quarter profit that Musk promised. The company books revenue when vehicles are delivered.”They did everything they can to artificially pump up the third quarter,” Sullivan said. “I think the fourth quarter will be the quarter of reckoning.”CFRA Research analyst Efraim Levy lowered his rating on Tesla shares from “Hold” to “Sell,” saying he doesn’t see the production rate as “operationally or financially sustainable” in the short term. Over time he expects it to rise, though. Still, the stock is trading above his 12-month price target of $300, so he recommends selling it, he wrote Monday in a note to investors. Explore further In this May 27, 2018, file photo, a 2018 Model 3 sedan sits at a Tesla dealership in Littleton, Colo. Tesla Inc. made 5,031 lower-priced Model 3 electric cars during the last week of June, surpassing its often-missed goal of 5,000 per week. Tesla reported making 28,578 Model 3s from April through June, according to its quarterly production release on Monday, July 2. (AP Photo/David Zalubowski, File) This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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Deion Jones signs 4year 57M extension with Falcons

first_imgThe Falcons have another key piece of their defense locked down.Atlanta extended linebacker Deion Jones on a four-year deal, the team announced Wednesday. NFL-NFLPA end ‘productive’ talks about new CBA early, report says The new contract is worth $57 million, with $34 million of that guaranteed, his agent told ESPN.Falcons are signing LB Deion Jones a four-year, $57 million extension, including $34 million guaranteed, @RosenhausSports tells ESPN. Jones is now tied to the Falcons through the 2023 season.- Adam Schefter (@AdamSchefter) July 17, 2019The Falcons’ announcement comes two days after the team agreed to terms with Grady Jarrett, who had the franchise tag placed on him. Jarrett agreed to a four-year deal worth a reported $68 million. Related News Jones, 24, was selected in the second round of the 2016 draft by Atlanta. He missed 10 games last season due to a foot injury, but was able to return for the latter part of the year.center_img Falcons, Grady Jarrett reach 4-year deal before franchise tag deadline In three seasons in the NFL, Jones has 297 tackles, 27 pass defenses, 15 tackles for a loss, eight interceptions and three touchdowns. He would have been a free agent in 2020.Atlanta is working on a contract extension with the team’s top wideout, Julio Jones, as well. It has been reported that both sides are trying to come to an agreement before training camp starts next week.last_img read more

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Notification issued for final phase of civic body polls in Jammu and

first_imgSHARE SHARE EMAIL COMMENTS COMMENT Published on local elections Army, police top brass review security situationcenter_img SHARE Jammu and Kashmir Jammu and Kashmir Chief Electoral Officer Shaleen Kabra issued notification on Monday for conduct of fourth and final phase of the upcoming municipal polls in the state. The notification has been issued for various wards of the municipal bodies across the state which are slated to go to the polls in the fourth phase on October 16, an official spokesperson said. According to the notification, the last date for filing nominations is October 1, while the scrutiny of nominations is October 3, he said.He said the last date for withdrawal of candidature is October 5 and counting of votes will be done on October 20. Reviwing securityDirector General of Police of Jammu and Kashmir Dilbagh Singh and the valley’s top army official Lt Gen A K Bhatt on Monday reviewed the security situation ahead of local bodies and panchayat elections at a meeting in Handwara of Kupwara district of the state.The meeting was also attended by GOC Kilo Force Maj Gen D P Pandey, IGP CRPF Zulfikar Hassan, IGP Kashmir Zone S P Pani, SP Handwara Ashish Mishra and Commandants of Army and CRPF.Addressing the officers, the DGP emphasised that the existing cooperation and synergy between different forces is to be further strengthened to combat the terrorism and also to ensure smooth conduct of the local governance elections. Singh expressed happiness that the synergy exhibited by the security forces at the ground level is the best model of success for any force.“Irrespective of the colour of uniforms, all forces are doing their best in service of the nation,” he said.The DGP said improvement in the situation has been made possible by the sacrifices and good work of all the forces. “The anti-infiltration operations on borders by the Army have proved very successful as a number of terrorists who were infiltrating into the State were killed,” he said hailing the role of the CRPF in assisting the police in maintaining law and order. September 24, 2018last_img read more

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Please stand by us

first_img“I knew who were my real friends when things were rough. Some disappear when the athletes needed them the most.“I hope all sports officials will give their best for their respective athletes – more so when they are down or struggling. Yesterday, Chong Wei thanked many officials but made a special mention of Datuk Seri Norza Zakaria for standing by him during the darkest days of his badminton career when he was banned for eight months for the usage of banned substance dexamethasone in 2015.Norza is currently the Badminton Association of Malaysia (BAM) and the Olympic Council of Malaysia (OCM) president.Chong Wei said his career could have ended earlier if not for Norza and a few others, who helped him come through the doping case. “Then, he was only the BAM deputy president but he went out of his way to support me. Through Sports Minister (Khairy Jamaluddin), they hired the best lawyer for me,” said Chong Wei.“It was one of the hardest eight months of my life but Norza called four to five times every week to make sure I was okay.“It did not matter to him whether I made it back as a badminton player at that time, all he wanted was to ensure that I would have a good future.” Thanks to the overwhelming support, Chong Wei eventually made a superb comeback and went on to win a silver medal at the 2016 Olympic Games in Rio de Janeiro.Chong Wei said Norza had also stood up for the athletes on several other occasions. He faced the media bravely after every failure and gave Chong Wei the support he needed when he was diagnosed with nose cancer last year.Chong Wei admitted though that Norza had ruffled the feathers of others several times as many could not handle his aggressive approach. “At times, some of the officials have to be tough to make changes. It’s hard to please everyone. I’ve learnt that myself too,” said Chong Wei.“But as a former athlete, I will not forget the good deeds of some of these officials. I would not be where I am if not for their sacrifices,” he added. Badminton 08 Jun 2019 BAM: Let Chong Wei have his say Badminton 13 Jun 2019 Chong Wei to make public of his future Related News KUALA LUMPUR: Malaysia’s chef-de-mission to the 2020 Tokyo Olympics Datuk Lee Chong Wei (pic) hopes sports officials will stand by their athletes through their ups and downs. This is Chong Wei’s personal plea after experiencing different treatment from officials during his tenure as a player over two decades.He hopes that officials will manage athletes well especially ahead of next year’s Tokyo Olympic Games.“Many officials showed up when I was at the top but they were not there when I was down. I’ve seen this happen year after year,” said cancer-survivor Chong Wei, who retired from competitive sport last month after choosing to put his health first. center_img Badminton 12 Jun 2019 Chong Wei likely to announce retirement tomorrow (June 13) {{category}} {{time}} {{title}} Related Newslast_img read more

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Supreme Court orders commencement of work for Phase 4 of Delhi Metro

first_img Next Supreme Court orders commencement of work for Phase 4 of Delhi MetroA bench comprising Justices Arun Mishra and Deepak Gupta was told by the counsel appearing for the Delhi government that they have agreed to give a go ahead to the Phase 4 of the Delhi metro. The apex court was hearing a matter in which the Environment Pollution Control Authority (EPCA) had recently filed a report stating that the approval for the project was held up since 2014.advertisement Press Trust of India New DelhiJuly 12, 2019UPDATED: July 12, 2019 15:44 IST The EPCA report said that there was a “stalemate” in discussions between the central government and Delhi government on certain financial aspects of the project. (File Photo)The Supreme Court Friday ordered implementation of the 103.94 km, Phase 4 of the Delhi metro and directed the authorities concerned to commence construction work on the project.A bench comprising Justices Arun Mishra and Deepak Gupta was told by the counsel appearing for the Delhi government that they have agreed to give a go ahead to the Phase 4 of the Delhi metro.The apex court was hearing a matter in which the Environment Pollution Control Authority (EPCA) had recently filed a report stating that the approval for the project was held up since 2014.The EPCA report said that there was a “stalemate” in discussions between the central government and Delhi government on certain financial aspects of the project.”There is a stalemate in the discussions between the Union Government and the Delhi government on different financial aspects of the project. The Delhi government has on April 10, 2019 communicated its direction that DMRC (Delhi Metro Rail Corporation) would not start work of Delhi Metro phase-IV till these issues are resolved,” it said.The stalemate came under the apex court’s scanner which said it would pass order in the matter as the “project cannot wait”.The court was also told by the apex court that the project was “critical” and the pending issue should be resolved soon.The Centre had told the court that project financing has been done in consonance with the Metro Rail Policy of August 2017 and metro projects of other cities like Bhopal, Indore, Kanpur, Patna and Agra have been sanctioned on the same financial pattern as of Delhi metro phase-IV.The EPCA report had said that the project is “critical as it will add another 104 km to the network” and “it is designed to join the current network and will densify it and make the system more viable and attractive to commuters”.ALSO READ | Delhi Metro snag: Thousands stranded, traffic chokes Delhi-Gurgaon highway as Yellow Line collapsesALSO WATCH | Arvind Kejriwal announces free travel for women in Delhi Metro, busesFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted bySnigdha Choudhurylast_img read more

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