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first_imgIslamabad: A fire broke out at Pakistan Prime Minister’s Office here on Monday, according to a media report. The fire broke out on the sixth floor of the building and Prime Minister Imran Khan was reportedly one floor below in a meeting, the Express Tribune reported. The PMO was evacuated after the fire broke out. The fire had been contained and a police official said an electrical short circuit may have caused the incident, the daily reported. Speaking to the media, the PM’s spokesperson said they have no knowledge of any important documents being destroyed by the fire. We will be able to provide further information after a complete investigation of the incident, the spokesperson added further, saying they could not yet comment with certainty on the cause of the fire.last_img read more

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Derrick Rose tweaked his right knee during Friday night’s 98-95 loss to the Portland Trailblazers in Portland.The Chicago Bulls star, who sat out last season following surgery on his left knee, drove to the basket anticipating a pass from teammate Joakim Noah, which was picked off. On his way back on defense, Rose’s  right knee buckled.  He limped off the court and did return to the game.He appeared in pain as he limped to the sideline and was checked by team trainers on the bench for several minutes before being assisted to the locker room.Bulls head coach Tom Thibodeau said he was concerned about Rose’s health and said he would undergo an MRI on Saturday.“He has pain and it felt like he couldn’t push off his right knee,” said Thibodeau, who balked at speculating any further on the extent of the injury.Rose led the Bulls with 20 points, five rebounds and three assists before leaving the game late in the third quarter. read more

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first_imgThe All India Football Federation (AIFF) have announced they’ve accepted Stephen Constantine’s resignationThe English coach had been in charge of India for the last four years in what was his second spell with the national team.But a 1-0 defeat to Bahrain on Monday ended India’s hopes of reaching the knockout stages of the Asian Cup for the first time in their history after Jamal Rashed’s injury-time penalty.The result left India eliminated by finishing bottom of Group A with Constantine announcing his resignation to the press afterwards.“We haven’t received any official communication from him yet but we accept his decision and thank him for his contribution to Indian football,” read a statement from the AIFF General Secretary, Kushal Das, on Twitter.AIFF wants to change the face of Indian football Manuel R. Medina – August 7, 2019 The All India Football Federation (AIFF) is working closely with FIFA in order to fix the state of football in the country that has two first division football leagues.“Mr Stephen Constantine has announced his resignation as the Head Coach of the Indian National Team.“We haven’t received any official communication from him yet but we accept his decision and thank him for his contribution to Indian football.”Mr. @StephenConstan has announced his resignation as the Head Coach of the Indian National Team. We haven’t received any official communication from him yet but we accept his decision & thank him for his contribution to #Indianfootball: Mr. Kushal Das, General Secretary, AIFF pic.twitter.com/S792tJ6r1h— Indian Football Team (@IndianFootball) January 14, 2019last_img read more

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first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#UnitedStates, November 4, 2017 – Philadelphia – United By Blue (UBB), the sustainable outdoor apparel and lifestyle brand with a mission to remove a pound of trash from the earth’s oceans and waterways for every product sold, is announcing their second annual Blue Friday event.   The Black Friday alternative is UBB’s nationwide initiative to encourage individuals to get outside for one hour to perform a DIY cleanup in their neighborhood or local park in lieu of Black Friday shopping.“I love the simplicity of cleanups.   On a day usually filled with complicated travel plans or frantic shopping, it’s especially important to schedule quiet time,” says Kelly Offner, United By Blue’s Director of Cleanups.   “This Blue Friday, we’re asking our customers and volunteers to come together as a community to serve the environment.”Last year, UBB announced their inaugural Blue Friday campaign with great success.   This year, UBB has decided to multiply their efforts tenfold with plans to distribute 3,000 cleanup kits across the country.   Each kit will include a pair of gloves, two trash bags (one for recycling and one for the landfill), a quick cleanup how-to guide, and a #bluemovement bandana made with 100% organic cotton.Sales and cleanups have always gone hand-in-hand at UBB (the company hosted their first cleanup the same week they sold their first T-shirt), and Blue Friday aligns perfectly with that mindset.   Since its founding in 2010, United By Blue has removed 1,046,530 pounds of trash from the world’s oceans and waterways through company-organized cleanups.   The company has hosted 207 cleanups in 27 states and Canada.Instead of writing checks or accepting donations, United By Blue rallies their team, partners, and volunteers to pick up plastic bottles, tires, even the occasional abandoned truck from rivers, streams, and waterways.   While Blue Friday will not count toward United By Blue’s mission to remove a pound of trash toward every product sold, the team is excited to show customers that it doesn’t take much more than a trash bag, a pair of gloves, and a little time to make a big impact on our oceans and waterways.“We care about more than just the dollars. We care about our oceans and have a sincere desire to leave the world better than we inherited it,” says United By Blue’s CEO and founder, Brian Linton.   “The outpour of support we’ve received for Blue Friday makes it even clearer that we all have the power to make a measurable impact.”UBB is also working with 20 outdoor retailers, who will distribute 500 cleanup kits in stores nationwide.Those interested in participating can go to unitedbyblue.com/bluefriday to purchase a cleanup kit ($5 with free shipping) and register their cleanup location.   United By Blue will also be collecting Blue Friday cleanup stats and rewarding one lucky trash picker with a $550 prize pack.   Cleanup kits must be ordered by 11/20 to ensure delivery before Blue Friday.“I can’t wait to watch the Blue Movement spread across the country as volunteers use our kits to restore their local waterways to their most pristine and natural state,” says Offner.Release: United By Blue Related Items:last_img read more

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first_img May 24, 2019 KUSI Newsroom, Memorial Day Weekend gas tips 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Three point three million southern Californians will travel this holiday weekend and more than 80-percent will be hitting the roads.Doug Shupe from the Auto Club of Southern California joined KUSI News to discuss holiday gas trips and travel safety to help us navigate through the weekend. Posted: May 24, 2019 KUSI Newsroom Categories: Local San Diego News, Traffic & Accidents, Trending FacebookTwitterlast_img read more

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first_imgWILMINGTON, MA — Below is a round-up of what’s going on in Wilmington on Monday, June 11, 2018:Happening Today:Weather: Mostly cloudy, then gradually becoming sunny, with a high near 68. Light east wind increasing to 5 to 10 mph in the morning.Municipal Meetings: The Wilmington Housing Authority meets at 5pm in Deming Way’s Community Hall. Read the agenda HERE. … The Wilmington Board of Selectmen meets at 7pm in Town Hall’s Room 9. Read the agenda HERE. … The Wilmington Historical Commission meets at 7pm at the Town Museum. Read the agenda HERE.At Wilmington Public Schools: Shawsheen Elementary’s School Advisory Council meets at 3pm. … The Wilmington Middle School PAC meets at 6pm.  The WHS CATS meet at 7pm in Wilmington High School’s Large Instruction Room.At The Library: Job Networkers — Changes In The Tax Code at 10am. [Learn more and register HERE.]At The Senior Center: Blood Pressure at 9:30am. SBF Exercise at 9:45am. Special Exercise at 11am. Wii Bowling at 12:30pm. [Learn more HERE.](NOTE: What did I miss? Let me know by commenting below, commenting on the Facebook page, or emailing wilmingtonapple@gmail.com. I may be able to update this post.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… Related5 Things To Do In Wilmington On Wednesday, August 28, 2019In “5 Things To Do Today”5 Things To Do In Wilmington On Thursday, August 15, 2019In “5 Things To Do Today”5 Things To Do In Wilmington On Wednesday, June 26, 2019In “5 Things To Do Today”last_img read more

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first_img $49 Amazon Prime Day 2019: Everything to know See All Adorama See It Tags Apple 17 Photos 0 Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors • See it Post a comment News • Amazon Echo Dot deal: 3 for $70 Preview • Amazon’s third Echo Dot takes a few cues from the Google Home Mini 1:43 $29 Amazon Prime Day 2019 Share your voice This Amazon site handles your biggest, bulkiest purchases See Itcenter_img CNET may get a commission from retail offers. Mentioned Above Amazon Echo Dot (third-generation, Charcoal) Crutchfield Aug 31 • Verizon vs AT&T vs T-Mobile vs Sprint: Choose the best 5G carrier Amazon Echo Dot $29 Amazon could be charging retailers for making losses on Prime Day promo sales. Angela Lang/CNET Amazon is reportedly charging some grocery brands an additional fee during 2019 Prime Day if their promotional sales fall short and cause a loss for Amazon. The charge will “fund the profitability gap,” CNBC reported Tuesday, citing an email allegedly sent to the retailer’s vendors.Amazon Prime Day is arriving July 15-16 and will see a massive sale on Amazon.  Mobile Smart Home Smart Speakers & Displays Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? Aug 31 • Your phone screen is gross. Here’s how to clean it Prime Day 2019: Don’t miss these early deals Amazon Prime Day 2019: Where to find the best deals on smartwatches and fitness trackers Now playing: Watch this: See It Review • Amazon Echo Dot 3 review: Alexa’s best Dot yet plays defense $49 Best Buy According to the report, though, Amazon will then waive the usual $500 placement fee to run Prime Day promotions for these grocery brands. “This year we’ve decided not to charge placement fees for inclusion in deal events, but instead we request our vendors to fund a [deal] if it’s unprofitable for the duration of the deal,” the email from Amazon reportedly said. “If additional funding is required, it will be based off total unprofitable units sold for the duration of the deal.”Amazon didn’t immediately respond to a request for comment.Early Prime Day deals include sales on Amazon Music Unlimited, Fire TV Recast, the Echo Dot, the Chamberlain myQ smart garage door opener, the Amazon Cloud Cam and Apple AirPods with a wireless charging case. Also expected to go on sale are Amazon’s full range of Echo speakers, Fire tablets, Fire TV streamers, Kindle readers and Blink cameras. reading • Amazon will reportedly make grocery brands pay for Prime Day losses Amazon Prime Amazon Applelast_img read more

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first_img Close IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/1:08Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:08?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … IndiGo aircraftReutersMajor Indian airlines such as Indigo and Jet Airways are facing hurdles in expanding operations as they are unable to deploy new Airbus A320 Neo and Boeing 737 MAX jets due to curbs by aviation regulator Directorate General of Civil Aviation. The aviation watchdog raised operational safety concerns and recently rejected Jet Airways request to ease norms for its newly acquired 737 MAX aircraft. The curbs were put in place after a 737 MAX jet operated by Indonesian airline Lion Air had crashed last year, killing all 189 people on board.We have rejected Jet Airways’ request to relax the Extended Diversion Time Operations (EDTO) limit for Boeing 737 MAX aircraft because we are concerned about the performance of the aircraft, and would like operations to continue with restrictionsThe regulator had earlier rejected the country’s largest airline Indigo’s request for relaxations in operating A320 Neo planes with Pratt & Whitney engines. The Gurugram-based airline has been facing problems with its A320 Neo aircraft powered by P&W engines and there have been many instances of mid-air engine shutdowns. “We have rejected Jet Airways’ request to relax the Extended Diversion Time Operations (EDTO) limit for Boeing 737 MAX aircraft because we are concerned about the performance of the aircraft, and would like operations to continue with restrictions,” an unnamed senior DGCA official told The Economic Times. The EDTO limit for A320 neo aircraft also continues to be restricted.The regulator has limited the EDTO for both the aircraft to 60 minutes, which means that they can be operated only on routes with an airport reachable in an hour. Jet Airways had requested the regulator to relax the limit to 120 minutes for its 737 MAX aircraft. The Mumbai-based operator has five MAX planes in its fleet currently, with 200 on order. In July 2017, Jet Airways had asked its junior pilots, who joined the brand in 2016, to take a 30 percent pay cut or leaveReutersRelaxation in EDTO limitThe airlines need the relaxation in EDTO limit to operate on longer, mainly overseas, routes. “An EDTO approval will permit Jet Airways to replace its existing 737 NG routes operated under EDTO, and connect destinations that are out of range of the airline’s 737 NG fleet,” the airline told the newspaper. The hurdle in flying on longer routes is one of the issues plaguing Jet Airways, which is also facing financial headwinds, leading to delay in salary and debt payments. The company has also withdrawn flights on several routes as lessors have grounded aircraft due to non-payment of dues.center_img Mid-air technical snag forces Etihad flight with 349 people on board to make emergency landinglast_img read more

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first_imgIn this screen capture of a Texas House of Representatives Committee on Public Health hearing, lawmakers hear from mental health advocates on May 17, 2018.As more attention turns to mental health care for kids affected by Hurricane Harvey, Texas lawmakers are inviting recommendations on how to help kids across the state struggling with similar issues. Rates of mental health issues typically climb following disasters like Harvey, and advocates say that trend has mostly held true along the Gulf Coast. Share Listen 00:00 /00:50center_img To embed this piece of audio in your site, please use this code: Texas officials established a mental health task force just after Harvey, and at a Texas House of Representatives Committee on Public Health hearing, advocates called on lawmakers to devote more resources to mental health support statewide. “What Texas needs to do is take the experience and the lessons learned and the work of this task force and expand it statewide,” Josette Saxton, Director of Mental Health Policy at Texans Care for Children told, told Houston Public Media.Saxton said Harvey ushered in a new wave of attention to mental health needs, particularly in schools, but statewide needs are still not being met.“We have this patchwork of services and supports that are available in some schools but not in others,” Saxton said. “We also don’t keep track of data of what is being offered in schools.”Saxton said she and other advocates to see those concerns come up in the 2019 legislative session. Xlast_img read more

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first_imgBy Sean Yoes, AFRO Baltimore Editor, syoes@afro.comA Quinnipiac poll this week concluded a majority (51 percent) of Americans believe Donald Trump is a racist, with 80 percent of Blacks who were polled convinced he is racist. And this week the 45th President of the United States seemed to escalate his White supremacist tirade against a United States Congressman and the systematic dehumanization of a great American city.“Those people are living in hell in Baltimore,” Trump said on July 30 from the White House lawn. “They’re largely African-American…and they really appreciate what I’m doing and they let me know it,” Trump continued, apparently adding to the list of more than 11,000 lies Trump has spewed since his occupying the Oval Office.“…if racist Elijah Cummings would focus more of his energy on helping the good people of his district, and Baltimore itself, perhaps progress could be made in fixing the mess,” Trump stated via Twitter July 29.Over the weekend Trump, seemingly motivated by a nakedly racist and political agenda and perhaps even darker instincts only a demented psyche could conjure, attacked Maryland Rep. Elijah Cummings via Twitter in a series of posts on July 27, the district and city he represents. And the 45th president continued his somewhat unhinged tirade today (July 28) and added the Speaker of the House Nancy Pelosi, a Baltimore native to the fray.“Someone please explain to Nancy Pelosi, who was recently called racist by those in her own party, that there is nothing wrong with bringing out the very obvious fact that Congressman Elijah Cummings has done a very poor job for his district and the City of Baltimore,” posted Trump via Twitter.Sean Yoes (Courtesy Photo)On July 27, Trump had referred to Baltimore as “a disgusting, rat and rodent infested mess” and argued, “no human would want to live there.”The reaction against Trump by Baltimore residents, the city’s leaders and people across the nation siding with the city has been fast and furious.“It’s completely unacceptable for the political leader of our country to denigrate a vibrant American city like Baltimore, and to viciously attack U.S. Representative Elijah Cummings a patriot and a hero,” stated Baltimore Mayor Bernard “Jack” Young. “Mr. Trump’s rhetoric is hurtful and dangerous to the people he’s sworn to represent. As the Mayor of Baltimore, I won’t stand for anyone, not even the alleged Leader of the Free World attacking our great City or our representative to congress.”Bishop Talbert Swan, is an American prelate of the Church of God in Christ, serving as the Bishop of the Nova Scotia Ecclesiastical Jurisdiction, in Canada, took aim at Trump via Twitter. He responded to today’s Twitter attack by Trump on Pelosi and Cummings with the following:“HAPPY SUNDAY RAPIST! Today is a good day to go to church and repent for being lying, lowlife, obtuse, racist, p*ssy grabbing, sexual predator.”The Baltimore Sun also offered a blistering op-ed in defense of Baltimore with a concise and cogent headline, “Better to Have a Few Rats Than to Be One.”The AFRO will continue to report on Trump’s racist attacks on Baltimore and its citizens this week in the newspaper and on-line.last_img read more

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first_imgNature in all its glory has been photographed time and time again. The exhibition Trees showcases photographs of one of nature’s oldest guardians captured by the well known photographer Raghu Rai. The show also showcases coloured photographs that have never been exhibited before.The show opens on April 6 at Visual Arts Gallery, India Habitat Centre where it continues for the week and then moves to Art Alive Gallery, Panchsheel Park where it will continue from April 14 to 30. Also Read – ‘Playing Jojo was emotionally exhausting’Commenting on his works, Rai said, “Divine teaching survives and transcends time and the self. My yearning is so obvious, so intense, that my wife Meeta often remarks as she watches me being a maali at our farmland we acquired some two decades ago. While travelling on various assignments as a photographer, I picked up saplings of shrubs and trees and brought them home. He adds, “To my delight, I discovered, over the years, my farm has earth from all over the country. Also Read – Leslie doing new comedy special with NetflixI am blessed with this privilege only because of my love for plants, shrubs and trees. On the six acres of canvas that I have been painting with a variety of rare species, I planted a Maple tree (Chinar), which only grows in cold climates like Kashmir; it has now grown into a handsome young tree. Such is the magic of His grace and glory.”When: April 6-12 and April 14 to 30Where: Visual Arts Gallery, India Habitat Centre and Art Alive Gallery, Panchsheel Parklast_img read more

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first_imgMango Mela is here again to treat the fruit connoisseurs of Delhi with an eclectic range of mangoes. Organised by the West Bengal government, the fest that commenced on June 23 at Dilli Haat, INA, is the third edition of Bengal mango festival. Krishnendu Narayan Choudhury, the Minister for Food Processing Industries and Horticulture of West Bengal inaugurated the festival in presence of other dignitaries from West Bengal. Also Read – ‘Playing Jojo was emotionally exhausting’The fest brings together delectable varieties of mangoes from West Bengal’s Malda, Murshidabad and Bankura districts. Varieties of mangoes such as — Himsagar, Laxmanbhog, Langra, Brindabani, Laxmibhog, Gulabkhas, Sitabhog and Fazli were displayed at stalls by the three districts. Himsagar which becomes available only between the second week of June  and the end of June is perhaps the best-loved variety of the royal family. It is also known as Khirspati in Malda. The taste of Laxmanbhog can be savoured from mid-June to 1st week of July. It has a radiating golden yellow skin with reddish tinge.  Also Read – Leslie doing new comedy special with NetflixLangra mangoes are available from second week of June till the end of June. Its sweet-and-sour flamboyant flavour is full of rich pleasure. Brindabani is a sweet flavoured, early variety. This variety has a good demand in the local market. Laxmibhog is a mid-season variety with attractive reddish-yellow skin colour. Fruits are moderately sweet, contains medium fibre with mild flavour.  Gulabkhas is known for its reddish-yellow and bright skin colour. Fruits are sweet, they mature early, contain medium fibre and characteristic flavour. Sitabhog are small, elongated and skin turns yellow when ripe. It is a juicy, fibreless variety and the pulp is medium sweet. Fazli is full of sweet mystery and comes with a lot of juicy pulp, mainly in the end of June till the end of July. Just a couple of them could serve as a full royal repast. Apart from the wide range of mango, Bengal handloom and handicrafts products Bengal such as Nakshi Kantha (traditional needle-craft) apparels, Baluchari embroidered sarees, Shantiniketan embossed leather goods, terracotta costume jewellery, wooden masks and dolls, super-fine mats, hand-printed sarees, clay dolls, dokra craft as well as Bengali books are also on sale at Dilli Haat. The exposition also features a stall from the Agriculture Marketing and Tourism Departments of West Bengal.Cultural soirees will be organised at the amphitheatre of Dilli Haat on June 27 and July 4. Gambhira mask dance of Malda district, Bhatiyali Gaan (songs of the river) and traditional folk music bringing out the vibrant, rich and living cultural heritage of Bengal will turn the evening for visitors even more enjoyable. Also, an extension counter for the sale of Bengal mangoes is being set up at Connaught Place outlet of Oxford Bookstore — Cha Bar. So, go ahead and gorge on to some juicy mangoes!When: On till July 5 Where: Dilli Haat, INATimings: 11:30 – 7 pmlast_img read more

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first_imgKolkata: Three persons were killed and twenty four injured in three separate road accidents in the districts on Wednesday.According to the police, all the three victims are from Murshidabad. It was learnt that one Biswanath Hazra (50), who was cycling along National Highway 34, has been killed after being hit by a tractor.In the other incident, two persons have been killed when a pick up van collided head on with a truck on Kandi-Berhampore State Highway in the same district. Also Read – Rain batters Kolkata, cripples normal lifeThe victims have been identified as Sirajuk Seikh (27) and Mirajul Seikh (30).The district police said the first incident took place on National Highway 34 near Nabagram at around 10.30 am when Hazra was riding his bicycle.A resident of Gopgram village, Hazra was returning home from a local market when a speeding tractor hit him from behind. Locals rushed the victim to Murshidabad Medical College and Hospital. The tractor driver fled the spot with the vehicle immediately after the accident. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedLocals also staged a protest demonstration at the place of the accident protesting against rash driving. The victim was declared brought dead at the hospital. The body was sent for an autopsy. In the other incident, the two victims were going to Berhampore in a pickup van to buy fishes when it was hit by a truck. The incident took place in Kalabagan area at around 11.30 am. It was learnt that there were four others in the pickup van who suffered injuries in the accident. In another incident, around 20 persons were injured, some of whom critically, when a bus overturned near Layek Bazar at Bolpur in Murshidabad.Among the injured, there are some women and children, the district police said.last_img read more

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first_imgKolkata: Tension prevailed at Katwa in East Burdwan after a local cable operator identified as Subhasish Mukherjee was found dead in an irrigation canal.Mukherjee was 42-year-old. According to locals, some residents of Musthuli village in Katwa saw a man lying unconscious in an irrigation canal in the village. Some of them identified Mukherjee and found that he was dead. Immediately the police was informed. Later, cops recovered the body and sent it for autopsy examination. A bicycle and a bag were found from the spot near Mukherjee’s body. The spot is almost 6 km away from his home. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseMukherjee’s family was informed by the local residents. Sleuths came to know that Mukherjee was a local cable operator. He went out of his home on Thursday evening and was missing since then. During primary investigation multiple injury marks were spotted on Mukherjee’s face and body. It is suspected that he might have been hit by a speeding car and due to the impact of the accident he went over the culvert and fell into the irrigation canal. Sleuths are also probing about if he had any business rivalry with anyone. His family members were not able say anything about his past rivalries. An unnatural death case has been initiated. If any foul play is detected, a FIR will be lodged according to the provisions of the law.last_img read more

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first_imgTags: Air Canada, Air Transat, Bahia Principe Hotels & Resorts, Melia Hotels, RIU Hotels & Resorts, Selectum, Sunwing, Toronto Posted by Share TORONTO — The top two feeder cities for travel to the D.R. are now right here in Canada.Toronto is now the number one most common point of departure or destination for D.R. flights, followed closely by Montreal and New York City, according to new stats from the D.R. tourism board.The tourism board adds that airlines including Sunwing, Air Transat and Air Canada have ranked among the top 10 airlines servicing the D.R., providing 20% of total service. Sunwing recently announced it will reintroduce winter flights from Saskatoon and Regina to Punta Cana for another season.The D.R. is also anticipating more than 80 cruise ships to dock this November and December, the first two months of the 2018/19 season. Between January and May 2018, Maimón, Puerto Plata has received a total of 57 cruise ships and 179,360 passengers, the most of any port in the D.R. In total, the Dominican Republic has received 683,712 cruise ship visitors aboard 238 cruises in the first five months of the year.Last year some 6,260,249 people visited the D.R. on vacation, and over 31% reported choosing the destination for its beaches, says the tourism board.More news:  War of words between Transat, Group Mach ramps upIn the first quarter of 2018 the D.R. saw a 2.2% increase in average tourism spend per night compared to the same time in 2017, according to MITUR.Here’s a look at the D.R.’s latest resort news…There are renovations and updates on deck for accommodations all over the D.R. Legacy property Hotel Riu Palace Punta Cana is set to unveil its renovations with new rooms, a gym, sauna and spa, and new restaurants among other offerings.A total of 29 new tourism projects in the D.R. are set to create a total of 16,612 new rooms in the country.The largest of these projects, Selectum World Macao, is developing a complete tourist project that will have a total of 8,120 rooms.Another large project, with 2,313 rooms, will be the partnership between GSM Punta Cana and Hotel Dreams Macao, which will create a tourist complex with three hotels, a convention centre, stores, green spaces and sports facilities.Meanwhile a new US$100 million development from Spanish hotel chain Meliá, The Grand Reserve, will create rooms ranging from 800 to 3,000 square feet, on Bávaro beach, 30 minutes from Punta Cana International Airport. The Melia property will have 288 suites, some with exclusive swim-up pool access, featuring one to two bedrooms, living and dining areas, whirlpool tubs and private balconies. The Grand Reserve will also offer seven restaurants and bars, a full-service spa by Natura Bissé, beach access to Bávaro, a kid’s club with Aqua Adventure Park, a fitness facility and a cigar bar. Guests of The Grand Reserve will additionally have access to all of the amenities and services of Paradisus Palma Real.Bahia Principe Hotels & Resorts’ luxury property, Bahia Principe Ambar Blue, has closed to undergo renovations before re-opening and re-branding as Luxury Bahia Principe Ambar by the end of November 2018. The 528-suite hotel, located in Bávaro, Punta Cana, will feature three updated restaurants, an Italian kitchen, a gourmet restaurant and a garden grill.Spanish hotel chain BlueBay Hotels is reinforcing its presence in the Caribbean with a third hotel, BlueBay Grand Punta Cana. This new five-star hotel has 156 rooms and includes a top tier spa, and three restaurants inspired by grilled foods and Mediterranean cuisine. Why the D.R. can’t get enough of Canada, plus resort news from RIU, Melia, Bahia Principecenter_img << Previous PostNext Post >> Tuesday, July 17, 2018 Travelweek Group last_img read more

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first_img Share October 7, 2015 491 Views Sharmila PatelAuction.com, a leading national online real estate marketplace headquartered in Irvine, California, has announced the hiring of Sharmila Patel as SVP of commercial real estate finance and operations.Patel brings more than two decades of financial leadership and executive experience working in such industries as financial services, healthcare, and technology. The position of SVP of commercial real estate finance was created as the company attempts to grow amid a rapidly evolving commercial real estate landscape; Patel’s focus will be on maintaining optimal alignment between the strategic and operational sides of Auction.com’s business.“Sharmila is a well-versed technology finance and operations professional who brings valued experience working effectively with cross-functional groups,” said Gordon Smith, general manager of Auction.com’s commercial real estate division. “We are very pleased to have her on board as her presence on a multitude of Auction.com operational teams will provide the type of leadership necessary to pace our business for continued success.”Patel most recently worked at Inform Media Group prior to joining Auction.com, where she was the SVP of finance and served as the strategic finance partner to the CEO. Prior to that, Patel served as chief financial officer and treasurer for online marketing platform Reply!; in that role, she developed operational planning, forecasts, and budgets as a strategic partner to the CEO and board of directors. Patel also worked at Yahoo! For three years where she served as VP of global technology finance, developing long-term financial planning and forecasting.“In Auction.com I see a company that is uniquely positioned to make a significant impact in the commercial real estate marketplace,” Patel said. “Seeing the potential that a trend-setting company like Auction.com can have on the commercial real estate industry is exciting and I wanted to be a part of that growth and success.” in Headlines, News, Technologycenter_img Auction.com Commercial Real Estate Finance Online Real Estate Marketplace 2015-10-07 Staff Writer Auction.com Hires New SVP of Commercial Real Estate Financelast_img read more

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first_img Categories: Diana Farrington News,News 19Mar Rep. Farrington: Time to make state government completely transparent Plan extends open record requirements to governor, LegislatureState Rep. Diana Farrington today voted to approve a bipartisan plan to make state government more accountable to the people of Michigan.Farrington, of Utica, said the House unanimously approved the multi-bill proposal.“I respect the people I serve and I remain committed to being accountable to them,” Farrington said. “By expanding open records laws to the legislative and executive branches, we are giving residents access to important information about the decisions made inside the walls of our state Capitol.”Michigan is one of just two states that still exempts its governor and the Legislature from open records laws. The bipartisan solution approved today would end these exemptions and increase transparency in state government.The proposal will subject the governor and lieutenant governor to the Freedom of Information Act (FOIA) and hold state representatives and senators to the same high standard by creating the Legislative Open Records Act (LORA).While LORA mirrors FOIA in many ways, there are exemptions for constituent inquiries to ensure that personal information is protected and kept private. Other types of communications – including those lawmakers have with state departments and lobbyists – would not be exempt.House Bills 4007-13 and 4015-16 now advance to the Senate for consideration.###last_img read more

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first_imgSky Deutschland’s latest experiment in pop-up channels – a Star Wars-dedicated service that aired from October 10-23 – was tuned into by 327,000 unique viewers and secured a total of 1.1 million viewings over the period in which it aired.Hailing the success of Sky Cinema Star Wars HD, Sky said that the pop-up channel helped Sky Hits – the regular name of the movie channel in that slot – increase its daily reach by 85% and double its daily market share. Overall, the channel had 4.55 millionThe most popular Star Wars movie was Star Wars: The Force Awakens, followed by Star Wars: Episode III – Revenge of the Sith and Star wars: Episode IV – A New Hope.last_img

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first_imgDear Reader,Earlier this week, the US Senate overwhelmingly passed a bill opening the nation’s airspace to some 30,000 drones. Naturally, this has stirred concern – as well it should – among pockets of the populace who concern themselves with such arcane concepts as privacy, individual rights and the rule of law.As I suspect that some day in the not-too-distant future, this legislation will be viewed as a rather important historical milestone, a few words on the topic seem in order.By milestone, I mean that today you can look up and, other than the occasional contrail, expect to see little more than birds and clouds. Five or ten years down the road, however, you will find yourself wondering if that bird is actually a bird or a drone. Worried that it is the latter, you’ll reflexively glance at the speedometer of your car or at the backyard burn pile, and wonder if you have observably broken a regulation.Even in the confines of your house, you’ll find yourself wondering if the drones picked up your angry comments about the latest outrages of the stifling state.In short, the world will be a different place, and not necessarily for the better.Is the Drone Era a Certainty?In a word, yes. Why? In a couple of additional words, it is because drones work.Even though drone technology is still relatively new – barely a card-flip in the bridge hand of human history – it has speedily evolved to the point where its utilitarian advantages over competing technologies are already undeniable.Of course, one of the most visible advantages of drones involves the increasing role they play in the killing sciences. Much in the same way that the first airplanes deployed in war were used solely for aerial surveillance, then quickly morphed into bullet- and bomb-distributing aerial engines of death, so have drones quickly morphed from little more than curiosities into unmanned stealth weapons delivery platforms that can deliver those weapons virtually anywhere in the world.Among the many functional advantages offered by a drone…No need to spend fortunes training fighter pilots. While I can’t say for sure, I suspect that given even a couple of days on the console of a drone, my teenage son and his friends could be gunning down Pakistani tribesmen as proficiently as they now do the parasitic aliens in Halo 4.No need to put those pilots at risk of death or capture. Part of the planning for any aerial strike has to involve serious contingency planning in case things go badly. For instance, by moving ships and retrieval helicopters into a nearby staging area, all of which requires a lot of time and resources. With a drone, it’s more like, “Hey, Joe, after you’re finished eating lunch, can you do a flyover of Islamabad?”They are cheap to deploy and will get cheaper. A modern fighter jet can cost upwards of $150 million per copy – and that’s before the massive support network needed to keep it flying. While the cost for a drone varies considerably based on functionality, the all-in costs are far cheaper, and will only get cheaper as commercial competition heats up.Which brings us to the broadest of the consequences: because they are so efficacious, you can be completely certain that they will be widely deployed. Ergo, the Drone Era is upon us.Stating the somewhat obvious, we humans have an attitude about everything. Those attitudes can be positive or negative, and they can fall anywhere on a scale from very weak to very strong… but there is literally no object on this planet that you and I do not have an attitude about, or which we wouldn’t quickly form an attitude about if it came to our attention for the first time.As far as drones are concerned, the attitude of the world’s governments and the praetorian class that protects them is now strongly positive. That means that they will instinctively look for every possible opportunity to deploy them.(And not just for their utilitarian functions, but because of their symbolic value: if you as a branch of government or even a country don’t have drones, you are sooo yesterday!)But it is mostly their utilitarian functionality that guarantees they’ll be cranked out like hot cakes at an IHOP (for those of you unfamiliar with the acronym, it stands for the International House of Pancakes… just so you know).Understanding this reality of increasing drone deployments, it can be useful to ponder possible and even probable outcomes.For example, there is currently a problem with certain Somalis who look to better their lot in life by heavily arming themselves and setting out over the deep blue sea in the quest of underprotected cargo-bearing ships and expensive yachts. When successful in their exertions, general mayhem typically follows – with guns fired, crews kidnapped, boats scuttled, lives lost, ransoms demanded, etc.In order to defeat the aspirations of these enterprising Somalis and to end their shenanigans as a constant threat to regional shipping, the world’s governments – at least those who care about such things – could get together, hold numerous meetings between bureaucrats and military attachés, designate an international task force, assign leadership roles on a rotating basis, find a nearby base from which to operate, and purchase or reassign various personnel and armaments including boats, spotter planes, helicopters, fighter jets and so forth.Alternatively, a government looking to sharpen its skills in dronery could deploy a couple of killer drones over the contested waters, instructing the operators to be especially attentive for the sight of any fast-moving speedboats filled with armed men. Should such a speed boat be spotted, further instructions could include loosening a warning shot or, if the operator back in Nevada were late for lunch, blow said boat out of the water.Within roughly the lifespan of the common house fly, the problem of Somali piracy would be solved – either because they would wise up, or they would exit the genetic pool.Now, it is not my purpose to comment on the right or wrong of this particular use of the drones, but rather to try to make the point clear – these things work, and work very well. Therefore, if you are a government in possession of drones, it is only natural that you will begin to use them as replacements for older technologies. And if you’re a government without drones, you will seek some of your own.I recollect a recent article about a large show/exposition in China dedicated to the aviation industries. As recently as three years ago, just two companies – both from the United States – were exhibiting drones for sale. At that same exposition last year, there were almost 30 drone-flogging companies in evidence, with only a handful from the United States. According to the reporter, the things were virtually flying off the shelf. (Pun not intended but almost unavoidable.)The info graphic here shows the adoption of drones by the US military alone. Ultimately, this will be viewed as a snapshot of the early days of a long uptrend.(Click on image to enlarge)Deep-thinking dear readers could probably fill up a notepad with the various uses that we can expect to see drones adapted for going forward, some of which are already beginning to emerge.For example, drones are already being used to keep US borders secure from the Mexicans with their despicable aspirations of feeding their families by selling their labor on the cheap in the southern part of the United States. Likewise, we can expect the trend for local law enforcement to deploy drones in the hunt for illegal vegetation to escalate. Perhaps the drones will also be trained to track the specific thermal image and facial features of a target, and then set loose to hunt for the target in the right geographical region. No more sunbathing for Bin Ladens.Monitoring car speeds, listening for key words muttered by the population, supporting swat teams in hostage situations, watching coastal waters for drug traffickers, monitoring environment pollution standards, gunning down bank robbers fleeing in cars, intimidating rioters or dispersing noxious gases if they still resist, assassinating foreign leaders, tracking the migratory patterns of rare birds… the uses of drones are limited only by imagination.And it’s not just in the air that drones will be deployed. As has been the case since the onset of specialized services, what the Air Force has, the Army, Navy, Marines and all other modules of what is generally lumped together as Homeland Security will also want (and vice versa). Therefore, we are now hearing about remote-controlled miniature attack subs and four-legged, weapon-firing Jaguar drones able to chase a perp to ground with extreme prejudice.Unfortunately, having formed a strongly positive attitude about drones, the government in all its various manifestations will, in time, overdo it. Whereas today we enjoy reasonably clear skies, tomorrow there will be some percentage of 30,000 drones overhead – and the day after that, mechanized Jaguars will be patrolling the streets of Detroit.Which Brings Us to the Topic of Fiat CurrenciesLike drone technology, the adoption of fiat money works remarkably well in achieving the desired result for the issuing governments.For instance, it allows a government to make popular choices – as opposed to unpopular ones – when it comes to mob-mollifying social programs. Furthermore, having a sheaf of blank checks connected to a bottomless bank account is very handy when it comes to creating enthusiasm in those voters seeking to better their lot in life without any additional expenditure of personal effort.And there’s no denying the impressive advantages emanating from the global adoption of fiat money – a historical first: normally fiat money was found in single countries in dire straits, but never before in all the countries of the world at once.As most of you know, the roots of this outbreak of fiat money are found in the post-war Bretton Woods agreements but came of age when Nixon closed the window on gold-dollar convertibility. Once that window closed, instead of dumping the unbacked dollars wholesale – an act which would have reversed Nixon’s decision virtually overnight – the world’s governments sucked it up and, by so doing, let Nixon pull off the crime of the century.Simply, continuing to treat US dollars as “good as gold,” governments around the world became unindicted co-conspirators in a global scam to defraud their respective populations: by maintaining the fiction that their dollar-denominated central bank reserves had tangible value, and by following suit with their own vigorous money printing.Meanwhile, as the de facto provider of the world’s fiat reserve currency, the US government gained special advantages, allowing it to pay for its first-at-the-trough position with funny money for around forty years at this point.The point I am making, albeit in my usual circuitous fashion, is that once modern governments rediscovered and fell in love with the mechanics of creating currency out of thin air, they did what governments always do in these situations – as they are beginning to do with the drones today – namely, they went overboard in a big way.It is like the fellow who, at an early age, falls in love with the satisfying taste sensations associated with consuming large meat concoctions, yet fails to understand that too much of a good thing is not a good thing… until the very moment when the stopping of his heart brings the truth of the matter into sharp focus.The world’s fiat monetary system is now experiencing chest pains.While there’s not much in this life that is certain, you can take it to the bank – and, if you have been a subscriber to one of our Casey Research services dedicated to gold and silver investments, you hopefully have – that all fiat monetary systems eventually fail.Let me say that again, in case the import of that declarative statement didn’t make the desired impression.“All fiat monetary systems eventually fail!” Don’t take my word for it. Instead, just look at the historical record and you’ll find that, according to work done by monetary scholars such as Edwin Vieira, no fiat currrency has lasted much more than about 30 to 40 years. One study I have seen referenced of 775 failed fiat currencies shows an average lifespan of around 27 years.So, let me amend and extend my statement above as thus…“The current global fiat monetary system is failing.”Economics and investments can be complicated – so much so that trying to figure out where things are headed through traditional academic methodologies is largely a waste of time. Therefore, at least in my view, it’s helpful to step back and focus on the big picture as evidenced by undeniable truths.To that end, a few questions to ponder:Is it true that the world has been operating on a fiat currency system since Nixon closed the gold window in 1971? Yes.Since 1971, have the world’s governments cranked up their money printing, as they invariably do when allowed to print at will? Sure have, see the chart.Is it possible to create large quantities of fiat currency out of thin air without eventually devaluing the existing money stocks? Nope.Is this reflected in the steady decline of the purchasing power of global currencies since the world adopted a fiat system? You betcha. In fact, the US dollar has lost approximately 80% of its purchasing power since 1971.Will the debasement of fiat currencies continue until it can’t? Odds are good.Do the central bankers believe that the latest experiment in fiat money is coming to an end? Seems like it, how else to explain that in recent years they switched from selling their gold to regular gold purchases?Will gold play a role in whatever comes after the collapse of the fiat currencies? See answer just above.Now, you will have to draw your own conclusions about such things, but because of the fundamental flaws in all fiat currency systems, I can only conclude that failure is inevitable and even imminent (within the next five years, if I were forced to guess).If you concur, then using this understanding as a basis for your portfolio strategy makes a lot of sense.For those of you who are still new, or remain hesitant, about investing in gold and silver – both of which have survived the test of time, helping people preserve wealth for 4,000 or more years now – do yourself a favor and reach into your pocket for a paid subscription to our BIG GOLD service.You’ll get a comprehensive monthly overview of the precious metals markets, our best recommendations for mid-cap and large cap gold companies, “how to”  information on buying and selling precious metals in the various forms now available (coins, bars, ETFs, foreign storage accounts, etc), plus all the past issues and special subscriber reports we’ve ever published – all in all, literally everything you need to know about the topic in easy-to-digest form. At $79 per year, it’s inexpensive – and it has a full money-back guarantee, so you have zero commitment or risk for giving it a try, which can do by clicking here now.Sorry to have gone all commercial on you, but I am still pained at how many otherwise intelligent investors have failed to take the time necessary to understand the whys and wherefores of precious metals investing. If you are one of those people, stop procrastinating – otherwise you are going to feel like a real ninny five years down the road when the precious metals are trading for a multiple of where they are today.Not to go on overly long, I want to extend this general line of musing to a quick discussion about manufacturing here in the United States, and globally. While I have touched on this topic in past issues of this service, something came across my radar this week that really caught my eye and that seems relevant.Houston, We Have a Problem (and so does Tokyo, Beijing, etc)Earlier this week, I received a copy of a long article from The Business Times of Singapore profiling my friend John Mauldin who recently spent a couple of days there on business (John may actually travel more than Doug Casey at this point, which is saying something).In the article, the reporter quoted John as saying, and I too quote…“Panasonic has one factory in Japan that makes 10 per cent of all the 42-inch TVs in the world. That’s a lot of TVs. It has just 15 people. It’s completely automated.”While there is some nuance to the actual number of workers involved – because it doesn’t include support staff (shipping clerks, janitors, warehouse personnel, etc) – whether the number is 15 or 50, the point remains, and it’s a doozy: manufacturing is evolving to the point where humans are increasingly viewed as an unnecessary liability, not an asset.Now think about this in terms of the macro-picture on unemployment. How, with the world’s population growing in leaps and bounds, especially in the developing world, are all these people going to be able to find work when the jobs they would have historically done are increasingly being done by machines?It reminds me of a huge mining operation I visited in a quaint little town in Sweden. As we walked around the large buildings filled with gigantic mills, crushers and so forth, I think we saw a total of about three employees – casually checking computers and that sort of thing. Not so very long ago, dozens of employees would have been required to do the work.In the case of manufacturing, unlike drones and fiat money, the trend of adoption is largely driven by private enterprise (to the extent that such a thing still exists these days). But the higher the hurdles governments put in front of employment – employment taxes, forced benefits, restrictions on termination, workplace regulations, etc – the quicker businesses will adopt automation.This all represents a true paradigm shift.In fact, I think ” paradigm shift”  is not nearly a strong enough term – a “quantum shift”  would be more apt. That’s because, like the mysterious and still unknowable aspects of quantum physics, at this point no one can say how the masses are going to find the work necessary to put bread on the table. Especially in countries such as China, for which manufacturing is such an important economic component.Regardless, given that the attitude of manufacturing executives around the globe toward automation is now both strong and positive – for the simple reason that it works so well – the pace of human replacement will only pick up speed in the years ahead.It’s how we humans, in government and out, operate: try it, like it, do more of it.From this particular point in history, it’s truly impossible to see how things will play out – for the drones, the global monetary system or manufacturing employment – but I suspect “business as usual” won’t be one of the outcomes.Keep your eyes open and your head down – we’re living in that kind of world.And don’t forget to keep an eye out for the opportunities, even while you remain attuned to the risks. While money can’t buy you love, it can buy you options unavailable to those without money.(Editor’s Note: Knowing that many of you dear readers are speculative minded, I asked our Casey Extraordinary Technology team about ways to invest in drones… here are a couple of replies:From Managing Editor, Alex Daley: “Most drones are manufactured by big guys, like Northrup Grumman who makes the Global Hawk. Hard to invest in a way that you’ll see direct shareholder benefit from the drone division growth as it’s a small part. Or by private companies, for example the number-one beneficiary will be General Atomics, which is privately held. They make the Predator, the Reaper (the one they are now deploying in the big expansion).We like ground robots better, as the market is smaller and the leaders are more pure play and publicly traded. Subscribers to Casey Extraordinary Technology recently made a great return on iRobot (IRBT), which gets about half of revenue from those ground robots now. We sold to lock in our profits, and since then it’s been knocked back 35%, as we predicted. If a war in Iran happens, it could be a buy again at this price.From Editor Chris Wood: “Just an addition to what Alex was saying – on iRobot (IRBT), overall we booked a gain of 97% in just over 15 months. We sold just above $37 leading into the Q4 earnings call, and the stock has since been knocked back to below $25 – $26 range. Their new Warrior robot has been getting a lot of press recently. )And now, having used up my daily allocation of words, I will turn the podium over to our own ever-curious Bud Conrad who has been looking at the government’s rosy economic data and trying to figure out why it seems out of sync with the real world.Energy Usage Data Indicate Economic SlowingBy Bud ConradFor somewhat obvious reasons, the amount of trucking fuel purchased over a certain period of time can be a useful indicator as to the state of commerce and, by extension, the economy.That data is collected by Ceridian and the UCLA Anderson School of Management. The chart below plots what is called the Pulse of Commerce Index (PCI) and shows a slowing in those fuel purchases, albeit nothing overly dramatic. However, it is considered a reasonably reliable leading indicator, so it’s well worth watching.To get a better sense of the PCI, in the charts that follow, the PCI index is compared to several indicators of our economy to see if the slowing has been reflected in those measures. As you can see, so far the slowing of goods movement as indicated by the PCI is not reflected in the other measures.(Click on image to enlarge)Stocks have tracked with the PCI since 2003, and there is a small divergence in early 2012 with the PCI falling as stocks are rising.(Click on image to enlarge)Industrial Productions had not slowed yet in the data below, which concludes with December. The PCI latest data is January 2012.(Click on image to enlarge)Shifting the lens somewhat, the following charts on energy supply (which is often a reflection of demand) show a big decline since the peak of 2007, and seem to show some further decline in the most recent data.(Click on image to enlarge)The drop in gasoline is even bigger, and the last two monthly data points are new lows.(Click on image to enlarge)And the drop in imports of petroleum products has shown no recovery:(Click on image to enlarge)In total, these indicators are not conclusive that we are facing a slowing economy, but neither are they supportive of an ongoing recovery that is the current theme of politicians and Wall Street optimists. We need more confirmation to say that the US is slowing, but energy is basic to economic growth, and these signals are not lining up with other statistics of continued growth.Friday FunniesUnderstanding UnemploymentCOSTELLO: I want to talk about the unemployment rate in America.ABBOTT: Good Subject. Terrible Times. It’s 9%.COSTELLO: That many people are out of work?ABBOTT: No, that’s 16%.COSTELLO: You just said 9%.ABBOTT: 9% unemployed.COSTELLO: Right, 9% out of work.ABBOTT: No, that’s 16%. [Except according to John Williams, it’s about 22%]COSTELLO: Okay, so it’s 16% unemployed.ABBOTT: No, that’s 9%…COSTELLO: Wait a minute. Is it 9% or 16%?ABBOTT: 9% are unemployed. 16% are out of work.COSTELLO: If you are out of work, you are unemployed.ABBOTT: No, you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.COSTELLO: But they are out of work!!!ABBOTT: No, you miss my point.COSTELLO: What point?ABBOTT: Someone who doesn’t look for work can’t be counted with those who look for work. It wouldn’t be fair.COSTELLO: To who?ABBOTT: The unemployed.COSTELLO: But they are all out of work.ABBOTT: No, the unemployed are actively looking for work… Those who are out of work stopped looking. They gave up. And if you give up, you are no longer in the ranks of the unemployed.COSTELLO: So if you’re off the unemployment rolls, that would count as less unemployment?ABBOTT: Unemployment would go down. Absolutely!COSTELLO: The unemployment just goes down because you don’t look for work?ABBOTT: Absolutely it goes down. That’s how you get to 9%. Otherwise it would be 16%. You don’t want to read about 16% unemployment, do ya?COSTELLO: That would be frightening.ABBOTT: Absolutely.COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?ABBOTT: Two ways is correct.COSTELLO: Unemployment can go down if someone gets a job?ABBOTT: Correct.COSTELLO: And unemployment can also go down if you stop looking for a job?ABBOTT: Bingo.COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.ABBOTT: Now you’re thinking like an economist.COSTELLO: I don’t even know what the hell I just said!And now you know why the government’s unemployment figures are improving!Magic NumbersSpeaking of suspect numbers, I have no idea how these things work, but they do. Cut and paste the URL in your browser window and follow the instructions. I guarantee (most of) you will be flummoxed.http://www.quizyourprofile.com/guessyournumber.swfA NewfieHailing from a small town in an isolated corner of the Big Island of Hawaii, I have zero understanding of the basis for most intra-national, or intra-cultural humor. For instance, why the New Zealanders and Aussies are always making fun of each other. Or why it is that a number of our Canadian subscribers like to send us jokes about people from Newfoundland (which, I am assuming, is the origin of the word “Newfie”). Even so, the following struck me as somewhat funny, in a juvenile sort of way, so I’m sharing it here. (If you are a Newfie, feel free to send me back something that makes fun of folks who hail from Toronto, whence the sender of this particular joke emanated.)A Newfie had two red ears and so went to the doctor. The doctor asked the Newfie, “What happened to the ears?”“Well, I was ironing me shirt and the phone rang… and instead of picking up the phone, I accidentally picked up me iron and stuck it to me ear.”“Oh dear!” the doctor exclaimed in disbelief. “But that doesn’t explain the other red ear. What happened to your other ear?”“The son-of-a-bitch called back.”The Golfing NunA nun walked into Mother Superior’s office and plunked down into a chair. She let out a sigh heavy with frustration.“What troubles you, Sister?” asked the Mother Superior. “I thought this was the day you spent with your family.”“It was,” sighed the Sister. “And I went to play golf with my brother. We try to play golf as often as we can. You know I was quite a talented golfer before I devoted my life to Christ.”“I seem to recall that,” the Mother Superior agreed. “So I take it your day of recreation was not relaxing?”“Far from it,” snorted the Sister. “In fact, I even took the Lord’s name in vain today!”“Goodness, Sister!” gasped the Mother Superior, astonished. “You must tell me all about it!”“Well, we were on the fifth tee… and this hole is a monster, Mother – 540 yard Par 5, with a nasty dogleg right and a hidden green – and I hit the drive of my life. I creamed it. The sweetest swing I ever made. And it’s flying straight and true, right along the line I wanted… and it hits a bird in mid-flight!”“Oh my!’ commiserated the Mother. “How unfortunate! But surely that didn’t make you blaspheme, Sister!”“No, that wasn’t it,” admitted the Sister. “While I was still trying to fathom what had happened, this squirrel runs out of the woods, grabs my ball and runs off down the fairway!”“Oh, that would have made me blaspheme!” sympathized the Mother.“But I didn’t, Mother!” sobbed the Sister. “And I was so proud of myself! And while I was pondering whether this was a sign from God, this hawk swoops out of the sky and grabs the squirrel and flies off, with my ball still clutched in his paws!”“So that’s when you cursed,” said the Mother with a knowing smile.“Nope, that wasn’t it either,” cried the Sister, anguished, “because as the hawk started to fly out of sight, the squirrel started struggling, and the hawk dropped him right there on the green, and the ball popped out of his paws and rolled to about 18 inches from the cup!”Mother Superior sat back in her chair, folded her arms across her chest, fixed the Sister with a baleful stare and said…“You missed the goddamn putt, didn’t you?”And, Finally, a Wee Bit of Election HumorA conservative Republican, a moderate Republican and a liberal Republican walked into a bar – the bartender raised his hand and said, “Hello, Mitt.”Movie Review, Atlas ShruggedI’m running late, but I did want to mention that earlier this week my wife and I finally got around to watching Atlas Shrugged, the movie adaption of Ayn Rand’s best-selling novel.I approached the movie with some trepidation, seeing how it has been soundly criticized by pretty much everybody. And once it began, I understood why, starting with the “Television Movie of the Week” production qualities and continuing with poor scripting delivered by decidedly B-caliber actors.That said, the story itself kept us watching and despite a fair bit of eye rolling, by the end of it we didn’t consider it a complete waste of time.Of course, the shame of it is that this should have been a BIG movie – or even a television special event rather than the low-budget hack job that it is. Ironically, much of the fault for this being the case rests with Ayn Rand herself. That’s because she demanded the rights to sign off on the final cut – something that no director and no studio would ever allow (for the simple reason that they could spend hundreds of millions of dollars, only to have the author squash the movie out of artistic differences). Once Rand died, her heir stubbornly followed suit, dragging the process out for years until sheer gravity saw the movie made, albeit as the weak-soup production we watched.I know something about the subject, because at one point I was quite close with Ayn’s intellectual heir, having met him along with her while hosting them at the New Orleans Investment Conference. At one point following the conference, due to connections I had in the movie industry at the time, I tried to broker a deal with a powerful and sound-minded producer who was very interested in making the movie, but because of the issue over the final cut, the discussions ran into a dead end.Coincidentally, earlier this week Doug Casey debated Yaron Brook, head of the Ayn Rand Institute. Their debate is definitely worth a listen, which you can do by clicking here.While I don’t agree completely with Doug’s vision for how societies should organize themselves – i.e., essentially without any government – I found Yaron Brook’s comments to differ little in essence from the sort of petty bureaucratic attitudes found in the antagonists of Ayn Rand’s stories.Despite the failings of her followers, failings that ultimately resulted in the poor-quality movie version of Atlas Shrugged, I think it is safe to say that Ayn Rand’s ideas will live on. And that’s a very good thing.Weekend ReadingSunspot Mayhem? Speaking of Doug Casey, he has often observed that the thing that finally tips over the applecart – historically speaking – tends to be something that people just don’t anticipate happening. While very much an outlier candidate in that regard, it is possible that the thing that triggers the big clampdown and societal chaos that many fear could be extraterrestrial in nature. I’m not talking about aliens but a massive solar flare on a scale that has not been seen for better than 100 years, when the “Carrington Event” literally shocked telegraph operators and set papers on fire.I don’t need to tell you what the implications of an electromagnetic punch that strong would have on the modern world with all its computers and fragile electrical systems. As one observer put it, it could “bomb us back to the Stone Age.” At which point, of course, who knows how the populace – or the praetorian class – cut off from pretty much all forms of communication and modern life support systems, would react. But I suspect a quiet little corner in an agriculture town in the outback of Argentina will be a pretty good place to be.Here’s a good story on the topic, from WattsUpWithThat.com.Drat, Fooled Again! Think the government won’t bail the banks out again? Think again… that’s exactly what’s about to happen. Here’s the story.And with that, dear reader, I must rush off to other engagements. I hope you have a wonderful weekend, unmarred by sudden solar flares!Until next week, thanks for reading and for subscribing to a (paid?) Casey Research service!David GallandManaging DirectorCasey Researchlast_img read more

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first_imgOne Year Ago Silver33.0131.8032.47 Gold1,699.601,717.441,741.55 TSX Venture1,186.701,290.711,539.21 Silver Stocks (SIL)22.4624.4623.25 Gold Junior Stocks (GDXJ)20.9823.7429.88 Oil87.8884.44100.49 Copper3.673.443.55center_img Gold Producers (GDX)45.9351.0758.96 Dear Reader,People frequently ask us about investing in platinum, the other precious metal. I confess that my first reaction is usually to think: “Oh, you mean the other silvery metal few people can tell apart from any other silvery metal and which, far more than silver itself, has a price driven by industrial demand?”But it’s not just manners that keeps my tongue in check; one should always question one’s one premises from time to time, to make sure they remain sound. As regards platinum (and palladium, its much cheaper and frequently substitutable cousin), that’s all the more true with so much supply disruption in the news recently.Your Casey Metals Team has had a fresh look at the platinum market and delivers some food for thought on the subject below. Beware of overreacting to headlines.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research One Month Ago TSX (Toronto Stock Exchange)12,151.1312,230.5912,148.73 Rock & Stock StatsLast Platinum: Fear vs. FundamentalsBy Andrey Dashkov, Research AnalystIn October of last year, we published a platinum-market overview in the Casey International Speculator and concluded by saying: “We recommend avoiding South Africa, and in this context it means staying away from platinum producers located there. If the energy situation spins out of control, miners’ strikes continue, and the local trouble puts an indefinite halt to a significant portion of platinum production, some speculative opportunities may appear in the physical-metal market or platinum-backed investment tools. If we see signs of that happening, we may speculate on the results.”Although some of the events that we expected did occur this year, the “indefinite halt” has not. The nationwide wildcat strikes that ended in mid-November suggested that that scenario was possible, but the bubbling pot simmered down. We were asked by our readers to share our view on the implications of those actions on the price of platinum.So, what is the outlook for the platinum market now, and is it time to buy?State of the MarketLet’s start with some context. According to Johnson Matthey’s Platinum 2012 report, the platinum market in 2011 was in a state of surplus. Primary supply rose by 7% to a four-year high of 6.5 million ounces, while total demand grew only 2%. All segments of the platinum market expanded except investment demand, which declined 30% year-on-year.Supply from South Africa grew by 5% in 2011, but not from actual mining. It was “due to releases of metal from in-process and refined inventories.” Mine production fell by 3% because of safety stoppages and labor disruptions.Production in South Africa was unstable throughout 2011, and Johnson Matthey forecasted that difficulties would continue in 2012, with an anticipated decrease in total supply. Well, the analysts were right: through mid-September, BMO Capital Markets estimated that 250,000 fewer ounces were produced, due to the labor disputes we’ve seen so much about in the news. The overall impact of the South African labor strikes on the supply-demand balance, as estimated by Johnson Matthey in its Platinum 2012 Interim Review, will amount to “at least 300,000 oz.” The report predicts that the platinum market will end this year in a state of deficit, by about 400,000 ounces. Demand is projected to remain steady at about 8.1 million ounces, whereas global supply will decline.On the surface, this might sound like a buying opportunity; but before we jump in, let’s take a look at the full demand picture.Industrial DemandJohnson Matthey expects industrial demand to fall by 13% in 2012. BMO estimates that slow European auto sales have translated into a loss of 280,000 ounces of platinum demand through mid-September. This by itself almost offsets the forecasted 300,000-ounce drop in production caused by labor strife.The net impact on the supply-demand relationship is, again, mixed: demand is expected to remain relatively stable. This year’s supply disturbances may not necessarily cause a major, long-term imbalance due to the influence of the third part of the equation: recycling. In fact, the report explicitly states that recycling, not the South African supply issues, “will be a key factor in the platinum market balance in 2013.”Downside Risk RemainsIf you accept the Casey view that global economic hardship is far from over, the downside risk for platinum is significant. Platinum and other platinum group metals (PGMs) are industrial commodities, and trends in their industrial demand can serve as a good indicator of price movements. So far, we have not seen signs of significant improvement in the global economy. We here at Casey Research do not believe that further monetary-easing efforts will cure what ails the US and global economies, so our bearish outlook for the industrial metals, including PGMs, stands.This doesn’t, however, mean that we won’t see interim spikes in the platinum price, such as the recent one that followed the deaths of 47 protesting miners in South Africa. Fear gripped the market, and a short-term rally ensued. Was that reaction justified? Yes, given how much platinum production comes from South Africa and how bad the situation there is.That behavior, though, is driven by panic, not fundamentals, and was short lived. It is very different from what we see in the gold market, where fundamentals do support long-term bullishness for an asset that serves as both money and a hedge against economic uncertainty, despite short-term, knee-jerk reactions.In other words, until signs of global economic growth emerge or we see serious, permanent supply destruction, we view any movements in the platinum market as fleeting, not fundamental.What Does It Mean?Now that the large, nationwide strikes have ended, investors are trying to assess their impact on the supply-demand balance. After all, they were a primary factor driving perception of the platinum market this year. However, we doubt that the recent strikes will have a deep and lasting impact on the state of the platinum industry. Whatever lingering effects there might be will not be more powerful than the ongoing global economic weakness.Although the platinum market is now estimated to end the year in deficit, unless there’s a new and even greater supply disruption, the existing recycling output will likely adapt and fill in the 2012 supply gap rather quickly, especially if prices move up.Investors who are more bullish on the economy than us might want to speculate on platinum now, to benefit from a pop in prices should the estimates of the global market deficit become reality. If you’re of that mindset, you might consider the new Platinum Trust currently being offered by our friends at Sprott.As for us, we plan to stick with our preferred monetary metals: gold and silver.Gold and Silver HEADLINES“Challenging Times” for Juniors Have Consequences for Exploration Pipeline (Mineweb)In its Mining Eye Index report, Ernst and Young provides an overview of the state of the mining industry, particularly AIM-listed companies. Unsurprisingly, the report says that the current financing conditions for junior mining companies are challenging:, investors are still risk averse, and companies are not willing to dilute shareholders’ existing holdings through equity offerings. As a result, quarterly equity proceeds were the lowest since the third quarter of 2004 at 84 million EUR (approximately US$108.7 million).Mining IPOs were a rarity in the third quarter of 2012, too, with only one mining company going public – Wishbone Gold. Overall, mining IPOs decreased to 2009 levels.Despite the continuing malaise in the resource sector, junior mining companies are responding to the situation in a variety of creative ways, including monetizing non-core assets, seeking alternative revenue streams, and pursuing mergers and strategic partnerships. Those who adapt to the market conditions best will survive. We continue, of course, to monitor the sector in search of investment opportunities.Gold, Silver Among Morgan Stanley’s Top Commodity Picks For 2013 (Resource Intelligence)Morgan Stanley picks gold and silver among its top commodities for 2013. Corn and soybeans also made it on the list.The company’s analysts say that although commodity prices have been rising for quite a while, claiming that the commodity supercycle is over is “too simplistic.” Gold, for one, is the Morgan Stanley’s “preferred fundamental metal exposure heading into 2013.” Besides the ongoing Quantitative Easing program weakening the US dollar, mine supply issues and geopolitical risk in the Middle East are also supportive of gold price, the company says.Silver is expected to outperform gold in 2013 – no wonder, given its higher volatility. Among the platinum group metals, the report says that palladium has better supply/demand fundamentals than platinum. As to the base metals, copper was Morgan Stanley’s sole pick.We agree with Morgan Stanley on its analysis of the gold market. The metal remains our top pick, with fundamentals still aligned to create exciting profit opportunities in both the short  and long terms.last_img read more