Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires Top Stories Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals have added some kicker depth.The team announced it has signed Danny Hrapmann to a futures contract.Hrapmann, 24, spent 2013 training camp with the Pittsburgh Steelers. He appeared in one preseason game, connecting on his only extra point attempt and forcing touchbacks on both of his kickoffs. A 5-foot-9 player out of Southern Mississippi, Hrapmann is known for having a strong leg and converted 49-of-65 field goal attempts in college while missing just one of his 117 extra point attempts. He was a first-team All America selection as a junior in 2010 and a Lou Groza Award finalist. Comments   Share   last_img read more

Rep Lightner announces January office hours

first_img State Rep. Sarah Lightner invites residents to join her for local office hours this month.“I always encourage residents to share their thoughts and concerns on matters of state government,” Rep. Lightner said. “As a legislator, I strive for solutions that help us work toward a better Michigan for our children and grandchildren.”Monday, Jan. 14: 11 a.m. to Noon at Cambridge Township Hall, 9990 M 50 in Onsted.Monday, Jan. 21: 11 a.m. to Noon at Eaton Township Hall, 3981 E. Clinton Trail in Charlotte.Monday, Jan. 28: 11 a.m. to Noon at Biggby Coffee, 3039 E. Michigan Ave. in Jackson.No appointment is necessary. Those unable to attend may contact Rep. Lightner at 517-373-1775 or via email at 07Jan Rep. Lightner announces January office hours Categories: Lightner Newslast_img read more

CuriosityStream the factual streaming service lau

first_imgCuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has raised US$140 million to fund the company’s “next phase of growth”.The US-based subscription video-on-demand service said it would use the investment to market the service globally and advance its content discovery technology.It also plans to increase spend on “world-class factual programming”.“This is an important step in a significant effort to connect CuriosityStream with viewers around the world,” said Clint Stinchcomb, president and CEO of CuriosityStream.“Hundreds of millions of people globally are migrating to on-demand television and entertainment. We are in the middle of a seismic shift in consumer behaviour, and this funding will accelerate the dynamic growth we achieved in the last 12 months.”The private placement funding included new investors Blum Capital Ventures and TimesSquare Capital Management. Stifel Investment Banking acted as the agent.CuriosityStream reached the 1 million subscriber mark at the end of 2018, at which point its content library contained more than 2,000 titles. By the end of 2019 it aims to up this to more than 3,000 titles, including more 4K originals.The firm launched a new ad-supported tier, called CuriosityStream Showcase, last August, giving users around the world access to 18-titles for free. This marked CuriosityStream’s shift from a pure subscription offering to a hybrid ad- and subscription model.At the same time CuriosityStream lowered the price of its subscription packages and introduced pre-roll ads into its ‘standard’ package, which is now available for US$2.99 per-month.The company hailed the move as a “paradigm shift” in the economic model of delivering premium on-demand television and stressed that sponsored messages will be limited to 15-second pre-roll ads, offering an uncluttered ad environment.last_img read more

In This Issue Flight to safety but was it nec

first_imgIn This Issue. * Flight to safety, but was it necessary??? * STL Fed Head Bullard says we are at a turning point… * China lets the renminbi rise… * Australian officials bypass the US$… And, Now, Today’s Pfennig For Your Thoughts! A questionable flight to safety… Good day… It was a ‘risk-off’ day in the currency markets yesterday as traders continued to digest data suggesting manufacturing in both the Chinese and European economies is slowing. Currency investors moved back into the ‘safe haven’ currencies of the Japanese yen and US$, pushing the yen up over 1% and the dollar index to a weekly high. I mentioned the Chinese report yesterday morning, but failed to give many details. The report was produced by HSBC Holdings PLC and Markit Economics and reported an index of factory output in China dropped to 48.1 in March. As with most of these indexed reports, a number below 50 indicates a contraction. China continues to be the globes economic engine, so any report that shows that engine is slowing causes drama in the markets. Readers of the Pfennig can probably surmise that I think the markets were over-reacting to this report. The Chinese government stated last year that they were looking to ‘tap the brakes’ and wanted to see their economies rapid growth slow. They knew there was a serious risk of inflating bubbles in their markets, and a slowdown was needed. To their credit, they were transparent in their intentions to slow growth from the red hot double digits to a more sustainable 7.5%. But ‘traders’ make money on volatility, and the release of the HSBC/Markit report gave them an opportunity to push the markets around. The commodity based currencies were the worst hit, and the damage continued through most of morning. Numbers released out of Europe only increased currency traders concern regarding the global recovery. A report from the UK yesterday showed retail sales fell more than expected in February and a report from Ireland showed that countries economy slipped back into recession in the fourth quarter. All of this data had investors running for cover yesterday morning, and the yen and US$ were the two currencies they sought out for shelter. But a funny thing happened in late trading yesterday as the dollar reversed its earlier gains and started to move lower. I couldn’t find anything in particular which drove the dollar down, but it may have been sparked by comments made by St. Louis Fed President James Bullard who was in Hong Kong. Bullard suggested US monetary policy may be at a turning point, suggesting our days of ultra easy money may be coming to an end. With policy currently “on pause, it may be a good time to take stock of whether we may be at a turning point,” Bullard said in a speech. “As the US economy continues to rebound and repair,” further action “may create an over commitment to ultra-easy monetary policy.” Bullards comments sent a warning to the markets that the low interest rates which they have become addicted to are not going to last forever. While some would think higher US rates should push the dollar up (interest rate differentials have been one of the main drivers of currency markets in the past), higher rates could also put our recovery in jeopardy which worries investors. Data released in the US seemed to support Bullard’s thoughts that the US is passing through a turning point. Initial jobless claims were a bit lower than expected, at 348k compared to an adjusted 353k new claims last week. Leading indicators were also positive, moving up .7% compared to economist’s expectations of a .6% increase. This morning we will get a report of new home sales for February which are predicted to have increased 1.3% during February after falling .9% last month. A couple of the ‘big boys’ announced changes to their currency opinions yesterday. Goldman Sachs recommended investors should sell the US$ vs. the Japanese yen to take advantage of a possible reversal of the recent movement in these two currencies. “There is a substantial risk that the sharp move in the yen will reverse at least partially in the new fiscal year,” Goldman Sachs analysts wrote. “Seasonal patterns point in that direction. The surprise improvement in the February trade balance in Japan supports our view and we are now also coming very close to fiscal year end in Japan.” So the folks over at Goldman are going against the grain and believe the yen will appreciate. Perhaps this report was one of the reasons the yen jumped over 1% yesterday (The folks over at Goldman certainly still swing the big stick in the markets). Citigroup adjusted the allocations of the currencies which make up their ‘Model Portfolio’, increasing the percentage allotted to the Swedish krona and decreasing the weighting of the Canadian dollar. Currency analysts at Citi believe the Swedish currency is relatively cheap compared to its European peers. They also feel the Canadian dollar is near enough to the top of its trading range that it is prudent to take some profits. I guess they wish they would have made the call on the loonie a few days ago, as the Canadian dollar fell to parity with the US$ yesterday for the first time in nearly two weeks. A report showed retail sales grew slower than predicted during the month of January and this combined with another drop in the price of crude oil caused the loonie to fall nearly 1% in the past two days to settle in just above parity. The Chinese currency surged higher overnight as the PBOC increased the fixing rate by the largest margin this year. The central bank also cut reserve requirements for its rural banking system in order to boost lending. Officials in China believe the economy will bottom in the first or second quarter and that the country has already passed through the tightest credit conditions in this cycle. And Moody’s Investor Services helped boost confidence in the Chinese banking system saying Premier Wen Jiabao’s policies will limit the increase in bad debt that analysts say will mar profit reports this month. Moody’s said Wen’s efforts to curb property speculation are “having the desired effect”. Chuck has been detailing the efforts of China to gain acceptance of their Chinese Renminbi for use in global trade. One of the ways they have been pushing their currency into the markets has been through the use of ‘swap agreements’ with some of their major trading partners. The countries use these swap agreements to bypass the US$ which is typically used for global trade, and instead use the local currencies. China has entered into these swap agreements with several of their trading partners (20 to be exact) the largest of which was Brazil. But they had not entered into a swap agreement with any of the ‘major’ countries until yesterday when the Reserve Bank of Australia announced they had agreed to a $31 billion currency swap with China. According to a statement from the RBA, “The main purpose of the swap agreements are to support trade and investment between Australia and China, particularly in local currency terms, and to strengthen bilateral financial co-operation.” The amount of $31 billion isn’t dramatic in the big picture of global trade, but it is quite obvious China is looking to decrease their reliance on US$, and therefore decreasing the globe’s dependence on the greenback. The RBA statement went on to say “The agreement reflects the increasing opportunities available to settle trade between the two countries in Chinese renminbi and to make RMB-denominated investments.” The US$ is slowly losing its grip on its ‘reserve currency’ status. And the impact won’t just a hit to our nation’s collective ego. Our status as the globe’s reserve currency has kept our interest rates down and demand for our currency up. Countries across the globe have to have dollars in order to trade as most of the major commodities are traded in dollars (OIL is a prime example). This forces these countries to hold dollars in reserve, as they will need them to trade, and they purchase our treasury instruments in order to ‘park’ these dollars. So having the dollar as the reserve currency has allowed the US to continue to issue bonds at lower rates than we would be able to if we weren’t home to the world’s reserve currency. China doesn’t ‘have it in’ for the dollar, but are obviously looking to give the Renminbi a higher profile in the global economy. Then there was this… Jack Stapleton, my good friend and the new Director of our EverBank Infinity Banking Program here sent me a story yesterday morning which suggests the stronger CAD$ may be having a positive impact on US auto manufacturing. The story which was written by Peter Wadkins over at ThomsonReuters detailed the data on Canadian and US manufacturing numbers and compared them to automobile sales. Canadian auto sales are up, but wholesale sales (most of which are shipped to the US) were down. At the same time, US manufacturing in the Midwest has rebounded higher over the past few months – mostly due to increased auto and auto parts manufacturing. Wadkins theorizes that the strong CAD$ has the big 3 auto manufacturers beginning to shift production back to the US. If this becomes a trend, we could see Canadian leaders start trying to do something about the strength of the Canadian dollar. To recap… The US$ rallied yesterday morning as investors moved into the US$ and yen as safe havens. The reason for the big exodus from ‘risk’ trades was the report I wrote about yesterday which suggested China will be slowing. The US$ reversed course midway through the trading day and continued to fall overnight. Goldman Sachs suggested investors should sell the US$ vs. JPY and Citigroup increased their allocation to Swedish krona while reducing the Canadian dollar. The Chinese currency surged overnight and the RBA and PBOC announced a swap agreement which bypasses the US$. Finally, a story shared by one of my coworkers suggests the big 3 automakers may be moving some of their manufacturing back to the US. Currencies today 3/23/2012. American Style: A$ $1.0402, kiwi .8128, C$ $1.0045, euro 1.3249, sterling 1.5856, Swiss $1.0992. European Style: rand 7.7253, krone 5.7640, SEK 6.74, forint 222.37, zloty 3.1480, koruna 18.6995, RUB 29.3398, yen 82.66, sing 1.2639, HKD 7.7658, INR 51.2175, China 6.3076, pesos 12.8333, BRL 1.8192, Dollar Index 79.453, Oil $105.93, 10-year 2.26%, Silver $31.6725, and Gold $1,650.91. That’s it for today… And the end of a relatively calm week for the currency and metals markets. It was kind of nice not having to deal with any wild market swings, and the Euro debt problem barely made an appearance in this week’s Pfennig. We are marching toward our T24 conversion next weekend, which will mark the successful end of a 4 year project. Looking forward to spending some time with my family this weekend, hopefully the rain which is starting this morning will push through by this evening. Everyone go have a Fantastic Friday, and a wonderful weekend!! Thanks for reading the Pfennig! Chris Gaffney, CFA Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837 read more

The dollar index closed at 8376 in lateafternoon

first_img The dollar index closed at 83.76 in late-afternoon trading in New York on Monday…and then traded more or less sideways until 2:00 p.m. Hong Kong time…and the subsequent rally peaked out at 84.20 about 10:20 a.m. in New York.  Then, in less than three hours, the index fell to its low of 83.70 at precisely 1:00 p.m. EDT…giving up all of its earlier gains…and a few basis points more.  The index closed at 83.76…unchanged on the day. The gold price fell $40 as the dollar index rose 41 points between 2:00 p.m. in Hong Kong…and 10:20 a.m. in New York…but when the dollar index declined 52 basis points during the following two and half hours, the gold price only rose by about $15. I have the usual number of stories for a mid-week column…but not too many ones related to precious metals…and a couple of them are must reads. What is your “fair Share” of what someone else has worked for? – Thomas Sowell I was hoping for better price action than we got yesterday, considering the impressive key reversals all four precious metals painted.  But that was not to be…and gold’s attempt to break above the $1,400 spot price mark in late afternoon trading in Hong Kong got smacked immediately.  But the moves we actually got in all four precious metals were out of all proportion to the antics of the dollar index…a fact that I wrote about further up. The only ‘good’ thing about yesterday’s price action was the fact that, if all the data is reported in a timely manner, this Friday’s Commitment of Traders Report should be something to see, as yesterday at the close of Comex trading was the cut-off for it. As Ted pointed out in his commentary above…and as last COT Report showed…the precious metals are configured for a major move higher.  It only remains to be seen if JPMorgan et al will show up as long sellers/short sellers of last resort as prices rise through their critical moving averages. All we can do is wait it out. At the moment, gold and silver prices are miles below their current 20-day moving averages…the first moving average of any consequence [according to Ted] as far as the mega-short technical funds are concerned.  But sooner or later it will be pierced, either by price action or the passage of time, and then the technical funds who use this average as a target, will start heading for the exits. Here are the 6-month charts for both gold and silver with their respective 20 and 50-day moving averages… (Click on image to enlarge) Gold chopped around the $1,375 spot mark through most of Far East trading on their Wednesday, but about ten minutes before London opened, the gold price popped for about ten bucks.  It was the same story in silver, but it only moved about 15 cents during that same period.  As I write this paragraph, London has been open ten minutes, so we’ll see what happens once the trading day has a couple of hours under its belt. Volumes are pretty light…at least compared to the volumes we’ve seen lately at this time of day.  Most of it is still of the HFT variety…but there’s not a lot of it. The dollar index is up about 7 basis points. And as I hit the ‘send’ button at 4:30 a.m. Eastern time, nothing much has changed since I wrote the above paragraph.  Gold is up about twelve bucks…and silver is up two bits.  The dollar index is flat…and volumes, although understandably higher now, are still pretty light all things considered. I haven’t the foggiest idea how the rest of the trading day will turn out, but we’re set up for a rally of biblical proportions if “da boyz” don’t show up…and it’s just a matter of when, not if, that rally begins.  Then, in very short order, we’ll find what their intentions are. See you on Thursday. The gold shares gapped down almost 4 percent at the open…hit their low at 10:00 a.m. EDT when gold hit its low…and then rallied until around 1:00 p.m. in New York, before selling off into the close as gold did the same.  The HUI finished down 2.75%. (Click on image to enlarge) The CME’s Daily Delivery Report showed that 18 gold and 10 silver contracts were posted for delivery tomorrow within the Comex-approved depositories.  The link to yesterday’s Issuers and Stoppers Report is here. GLD had another withdrawal yesterday. This time it was 270,710 troy ounces…and as of 11:38 p.m. last night, there were no reported changes in SLV. The U.S. Mint had another sales report yesterday.  They sold 5,000 ounces of gold eagles…1,500 one-ounce 24K gold buffaloes…and 217,500 silver eagles. Over at the Comex-approved depositories, there was big movement in silver inventories on Monday.  They received 968,451 troy ounces…and shipped 1,119,034 troy ounces out the door.  The link to that activity is here. In gold on Monday, these depositories didn’t receive any, but shipped 32,033 troy ounces out the door…and the link to that activity is here. Here is today’s “cute quota”… The silver chart looked similar…and Nick Laird’s Intraday Silver Sentiment Index closed down 2.37%. Silver was under selling pressure right from the New York open on Monday evening…and was down about 50 cents by 9:00 a.m. Hong Kong time.  It rallied until around 2:00 p.m…and then, like gold, went into a slow decline, with the low also at the London p.m. gold fix…10:00 a.m. EDT in New York. And also, like gold, rallied until noon before selling off a bit into the close.  The noon low, according to Kitco, printed $22.00 spot. Silver closed at $22.43 spot…down 49 cents on the day.  Gross volume was a chunky 63,000 contracts.center_img The platinum and palladium charts looked mostly similar. (Click on image to enlarge) Sponsor Advertisement As last COT Report showed, the precious metals are configured for a major move higher After an exciting day on Monday, trading in the Far East was very quiet…and the attempt to break through the $1,400 spot mark around 1:30 p.m. Hong Kong time was the start of a long, slow sell-off that ended at the London p.m. gold fix.  The low tick at that point was, according to Kitco…$1,359.00 spot. The subsequent rally lasted until noon in New York…and that was it for the day. Gold closed at $1,376.00 spot…down $24.10 from Monday.  Net volume was very heavy…around 195,000 contracts. Drilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold Mineralization Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes. Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.”  Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained.  Please visit our website for more information about the project.last_img read more

Digital TV Startup Aereo May Wind Up in the Supreme Court

first_img Brian Patrick Eha Legal arguments against Aereo, a tech startup that makes it possible for consumers to watch unauthorized digital streams of broadcast programming, may reach the U.S. Supreme Court. This move comes after lower courts gave Aereo the green light to continue allowing this type of streaming, even after broadcasters cried foul. Broadcasters plan to petition the nation’s highest court sometime in the next few days, Variety reports.Founded in 2011, New York City-based Aereo launched its service in March of last year, aiming to change the way people access and watch TV programming. Aereo uses internet-connected antennas to capture broadcast signals and make them available to paying users on any type of device.For months now, big broadcasters — including NBC Universal, ABC and Fox — have been trying to shut Aereo down, claiming that it is stealing and reselling their programming. Aereo doesn’t pay broadcasters for their content. It argues its antennas are legally akin to the ones people already use to watch TV in their own homes.To date, it seems that courts are siding with the startup. In July 2012, a New York federal judge refused to grant an injunction to stop Aereo from operating. And the Second Circuit Court of Appeals denied broadcasters’ request to reconsider the decision of the lower court.Related: TV Startup Aereo Countersues Big BroadcasterToday, a judge in Boston issued a similar ruling in favor of Aereo. “Today’s decision makes clear that there is no reason that consumers should be limited to 1950s technology to access over-the-air broadcast television,” said Chet Kanojia, Aereo’s founder and chief executive, in a statement.In Washington and Los Angeles, however, district court judges found in favor of broadcasters in cases brought against Film On X, a startup similar to Aereo. Film On X appealed the lower court’s decision, but it remains to be seen how the appellate court for the Ninth Circuit will decide. A finding that conflicts with the Second Circuit might persuade the Supreme Court to settle the matter.On the heels of these legal developments comes the announcement today that Aereo will release its first Android app later this month. Currently the service is not available for Android users, though it is accessible via the web on desktop computers and laptops.”At Aereo, we believe consumers should have more choice and control over how they watch television and a big part of that is expanding the universe of devices that they can use to access Aereo’s technology,” Kanojia said in a news release.Until now, Kanojia said, the company had focused on expanding its geographical reach. So far, Aereo’s service is available in seven U.S. cities, including New York, Miami, Atlanta and Dallas.Related: 3 Tips for Doing Deals With Big Companies 3 min read Add to Queue Next Article –shares October 10, 2013 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Register Now » Digital TV Startup Aereo May Wind Up in the Supreme Court Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Technology Opinions expressed by Entrepreneur contributors are their own.last_img read more

11th IAS Conference on HIV Science to take place at Messe Berlin

first_img Source: Feb 28 2019Berlin is the host city of the 11th IAS Conference on HIV Science (IAS 2021), the International AIDS Society (IAS) announced today. The city hosted the 9th International AIDS Conference in 1993, but this is the first time that it will host the IAS Conference on HIV Science.IAS 2021 will take place at Messe Berlin on 18-21 July 2021. It is expected to convene 6,000 scientists, clinicians, public health experts and community leaders from over 140 countries.“HIV remains an important issue on our national and international agenda,” Germany’s Federal Minister of Health, Jens Spahn, said. “To further reduce the spread of HIV, we have made HIV self-testing widely available in Germany and will pass a bill to provide PrEP prescriptions free of charge for people with substantial risk of infection.“Further research, concerted efforts and innovations are needed to end AIDS by 2030. We will therefore continue to invest in HIV research to find a vaccination and cure for HIV, and we are delighted that the IAS Conference on HIV Science in 2021 will bring together the renowned scientific community in Berlin to share state-of-the-art knowledge that contributes to preventing new HIV infections and to improving the lives of people living with HIV.”Germany is highly regarded for its leadership in HIV research and its capital is also home to the first and only reported case of a sterilizing cure for HIV, commonly known as the “Berlin patient”. German doctor Gero Hütter from the Charité – Universitätsmedizin Berlin treated Timothy Ray Brown, an HIV-positive man, with acute myeloid leukaemia. Hütter led the process of a bone marrow transplant of haematopoietic stem cells from a naturally HIV-resistant donor, and Brown has continued to be free of readily detectable virus in the absence of therapy for 12 years. This case continues to serve as a scientific landmark suggesting that HIV infection might one day be curable.“It is the evidence-based approaches that help us tackle the most complicated health challenges,” IAS President-Elect Adeeba Kamarulzaman, who will be the IAS President in 2021, said.Related StoriesHIV therapy leaves unrepaired holes in the immune system’s wall of defenseStudy: HIV patients continue treatments if health care providers are compassionateTwo new studies develop algorithms to identify patients at risk of acquiring HIV“The innovative research that is presented at the IAS Conference on HIV Science provides the insight and data we need to tackle the most critical barriers facing our world today. This science is key to understanding how to address issues such as ending the epidemic among people who inject drugs and other vulnerable populations, developing a safe and effective HIV vaccine, and new prevention and treatment tools. There is no better role model than Berlin to help us focus on these challenges.”Harm reduction is a pillar of the German national drug strategy; it has more needle and syringe vending machines than any other country – 160 at last count. Additionally, Germany recently made HIV self-testing kits easily available for sale throughout the country with the aim of supporting more people to learn their HIV status as early as possible and seek out early treatment.The lack of these harm reduction interventions in Russia in particular has made the bordering Eastern Europe and Central Asia region home to the fastest growing HIV and AIDS epidemic in the world, with new infections rising by 57% a year from 2010 to 2015. The epidemic in the region is concentrated mostly in key populations, such as men who have sex with men, LGBT communities, sex workers and migrants. It is especially prevalent among people who inject drugs, who made up 39% of new HIV cases in 2017.“We are very proud to host the world’s most influential meeting on HIV research,” the Governing Mayor of Berlin, Michael Müller, said. “It represents Berlin’s commitment to investing in cutting-edge and evidence-based approaches to ensure quality of life and equal access to treatment and prevention services. We look forward to working with the IAS to advance science and research needed for the global fight against HIV/AIDS.”Berlin joins a diverse line-up of cities that have hosted the IAS Conference on HIV Science, including Cape Town, Kuala Lumpur, Paris, Rio de Janeiro, Rome, Sydney and Vancouver.last_img read more

Swiss vote to block foreignbased gambling sites

first_img Citation: Swiss vote to block foreign-based gambling sites (2018, June 10) retrieved 18 July 2019 from © 2018 AFP A full 72.9 percent of voters came out in favour of the new gambling law, final results showed, also indicating that only about a third of eligible voters cast their ballot.The vote spells a crushing defeat for the opponents who gathered the 50,000 signatures needed to put a law change to a referendum, warning the law’s internet restrictions pose a serious threat to liberties online.The Swiss government says the Gambling Act, which has already been passed by both houses of parliament, updates legislation for the digital age, while raising protections against addiction.The law, which is set to take effect next year, will be among the strictest in Europe, allowing only casinos and gaming companies certified in Switzerland to operate in the country, including on the internet.It will enable Swiss companies for the first time to offer online gambling, but will basically block foreign-based companies from the market.This aspect of the law in particular spurred a coalition made up primarily of the youth wings of various political parties to launch the referendum.’Dangerous precedent’Opponents have slammed Bern for employing “methods worthy of an authoritarian state”, with a measure that they claim is “censorship of the internet.””This sets a very dangerous precedent,” Luzian Franzini, co-president of The Greens’ youth wing and head of the campaign against the new law, told AFP before the vote.Swiss Justice Minister Simonetta Sommaruga, however, insists that allowing only Swiss-based companies to sell gambling services is “indispensable” to ensure that everyone adheres to strict rules, like blocking known addicts.According to Addiction Switzerland, some 75,000 people in the small Alpine nation of 8.3 million inhabitants suffer from gaming addiction, costing society more than half a billion Swiss francs (half a billion dollars) annually.Bern also wants all of the companies’ proceeds to be taxed in Switzerland, with revenues helping fund anti-addiction measures, as well as social security and sports and culture programmes.According to the government, Swiss gamblers spend around 250 million Swiss francs annually on unregulated betting sites abroad that pay nothing into public coffers.Sommaruga has said that the new gambling law was needed “to stop this hemorrhaging.” According to GREA, an association that studies addiction, Swiss gambling and betting companies pulled in nearly 1.7 billion Swiss francs in 2016, of which more than half went to “the public good”. ‘Jackpot’ for Swiss casinosBut opponents claimed Switzerland could make more money by issuing concessions to foreign companies that agree to be regulated and taxed, and charge the law is basically a windfall for Swiss casinos.”Swiss casinos have won the jackpot” with the new law, Isabelle Chevalley of the Liberal Green Party, told public broadcaster RTS after the vote.Switzerland’s new gambling law was only one of several issues facing popular votes Sunday at the national, regional and local levels as part of the country’s famous direct democratic system.Voters across the country resoundingly rejected an initiative on so-called “sovereign money”, with 75.7 percent of voters opposing it, according to near final results.That initiative would have legally barred any institution besides the central bank from creating new money, in a bid to rein in financial institutions and avert crises like the one the world suffered in 2008.But opponents warned the measure would threaten Switzerland’s financial stability.On Sunday, the Swiss Bankers Association hailed that voters had so clearly rejected “a radical alteration of the monetary system.”In southern Valais canton, nearly 54 percent of voters meanwhile snubbed a bid for the town of Sion to host the 2026 Winter Olympics.Switzerland, home to the International Olympic Committee, has not hosted the Games since 1948. Swiss to place bets on gambling law in high stakes referendum Explore furthercenter_img Swiss voters overwhelmingly approved Sunday blocking foreign-based betting sites in a high-stakes referendum on a new gambling law designed to prevent addiction, but which opponents said amounted to internet censorship. Around three-quarters of those who voted backed the new gambling law but voted down a “sovereign money” initiative, which would legally bar any institution besides the central bank from creating new money 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

Apple and Amazon lead the pack to 1 trillion market value

first_img First company to $1 trillion: Apple zeroes in on historic market cap for ultimate ‘icing on the cake’ For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels—and experts have no fears of a tech bubble. Explore further Apple, at $939 billion, remains the highest-valued private company on the global markets—and could well cross the $1 trillion finish line after it releases its quarterly results Tuesday.But Amazon is right behind: on Friday, its market cap reached $917 billion, before finishing at $882 billion, thanks to quarterly figures well received by investors.Google’s parent company Alphabet ($886 billion) and Microsoft ($827 billion) are also on track, while Facebook ($505 billion) is out of the race, having shed $119 billion in value after results released Thursday.The biggest traditional economic players—billionaire Warren Buffet’s holding company Berkshire-Hathaway ($492 billion) and bank JPMorgan Chase ($395 billion)—have been relegated to mere spectators.State oil company PetroChina briefly broke the $1 trillion barrier in 2007 during its initial public offering, but has since dropped back down.Safe havenAccording to TDAmeritrade’s mid-year review, online commerce giant Amazon’s stock was the most popular buy in the first half of 2018, with Apple the second most popular sell.”The retail trader who is buying that stock is also the same person who is probably an Amazon client,” said JJ Kinahan, a chief market strategist for TDAmeritrade.”They see a stock that has plenty of upside and benefitting from the money people have to spend with the economy and the job market improving,” he added.But Apple, which unveils record high after record high when it comes to quarterly results, holds its lead.Ken Berman, Gorilla Trades strategist, is convinced that Apple will reach the $1 trillion mark after its Tuesday results, thanks to its range of iPhones, growing interest in the iPad and strength in its services. “The tech sector is the safe haven of the equity market right now.”Analysts insist the situation is a far cry from that in the late 1990s, when several start-ups exploded on Wall Street—only for the “” bubble to burst.New business model”The big problem with the internet bubble was that the majority of businesses did not have revenues, did not have profits, many just responded to a fashion phenomenon,” said Gregori Volokhine of Meeschaert Financial Services.”That’s not the case with all these companies that today have an essential place in people’s lives,” Volokhine said.”Most of the leading tech companies in the late 1990s were trading at 100 times earnings,” added Edward Jones investment strategist Kate Warne. “Very different than today.”Apple’s price/earnings ratio stands at 18.62, underperforming the S&P 500 (20.86), the index representing the 500 biggest businesses on Wall Street.But even in case of economic crisis, the technology sector is in a good place, according to Maris Ogg, founding principal of Tower Bridge Advisors.”If you start to see the economy slowing, if companies have to cut cost, to fire people, they will invest in technologies towards more automation,” she said.For Nicholas Colas of DataTrek Research, it is also hard for investors to evaluate the business strategies with a fairly new business model.”Equity valuations for FANG (Facebook, Amazon, Netflix and Google) stocks and other internet-enabled business models is a fundamentally new challenge for investors,” he said.”At their core, they are ideas created by a handful of people, developed/maintained by perhaps 10,000 coders (and sometimes much less), but then used by billions around the world. This is a new phenomenon, and we suspect equity markets do not yet understand what ‘correct/normalized’ valuations should be.” “I don’t think Apple stock is that expensive,” said Nate Thooft of Manulife Asset Management. © 2018 AFP Amazon is right on Apple’s heels Citation: Apple and Amazon lead the pack to $1 trillion market value (2018, July 29) retrieved 18 July 2019 from Apple is the highest-valued private company on the global markets 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

Barry Becomes a Hurricane Barrels Toward Louisiana Coast

first_img Originally published on Live Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoSoGoodlyThey Were Named The Most Beautiful Twins In The World, Wait Till You See Them TodaySoGoodlyUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndoBeach Raider24 Photos Of Shelter Dogs The Moment They Realize They’re Being AdoptedBeach RaiderUndoNucificTop Dr. Reveals The 1 Nutrient Your Gut Must HaveNucificUndo 5 Things Hurricane Sandy Changed for Good Hurricane Katrina History and Numbers (Infographic) A History of Destruction: 8 Great Hurricanes Hurricane Barry is barreling northwest toward Louisiana, packing maximum sustained winds of 75 mph (120 km/h), with heavy rain, storm surges and dangerous winds expected along the northwest Gulf Coast. As of 11 a.m. ET, Barry was moving northwest in the Gulf of Mexico at 6 mph (9 km/h), and its eye was about 40 miles (65 kilometers) south of Lafayette, Louisiana, and about 50 miles (80 km) west of Morgan City, Louisiana. Hurricane forecasters expect the hurricane to lose strength over the next few hours, getting downgraded back to a tropical storm. The National Oceanic and Atmospheric Administration (NOAA) has issued a hurricane warning from Louisiana’s Intracoastal City to Grand Isle, meaning hurricane conditions are expected somewhere in that area over the next 36 hours or so.Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接已复制直播00:0000:3500:35  Barry is expected to turn toward the north-northwest tonight, followed by a turn toward the north on Sunday (July 14), NOAA said. The center of the storm is forecast to move through southern Louisiana today and central Louisiana tonight. Then on Sunday, it should be churning through northern Louisiana, NOAA forecasts. “A lot of rainfall still yet to come out in the Gulf of Mexico,” NOAA National Hurricane Center director Ken Graham said during a Facebook Live at 11 a.m. ET. The rainfall will then start to impact portions of Louisiana, including New Orleans, he said. Because of the high winds, there’s a chance of tornadoes spinning off Barry. “A few tornadoes are possible through tonight across the southeast Louisiana, southern Mississippi and southern Alabama,” according to NOAA’s forecast.last_img read more

Greenlands Superfast Ice Slides Could Be Bad News for Climate Change

first_imgGreenland’s ice sheet is sliding way more than previously thought, according to a new study. This means that the ice sheet can change faster in a warming climate, a group of researchers reported July 10 in the journal Science Advances. “Understanding ice flow is quite important to predicting future melt from Greenland,” said study lead author Nathan Maier, a doctoral candidate at the University of Wyoming. Ice flows bring ice from the cold interior regions of the Greenland ice sheet to its warmer edges, where the ice melts. [Images of Melt: Earth’s Vanishing Ice]Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接已复制直播00:0000:3500:35  Ice flow happens through two different processes: the sliding of ice across the bed and deformation, which turns the ice into a kind of “flowing molasses,” Maier said. Understanding the relative scale of these two different types of movement helps scientists determine how much ice will move to high-melt areas along edges of the ice sheet. Maier and his team drilled boreholes into the ice using a large drill. They also installed 212 tilt sensors, which measure the amount of deformation and sliding. The researchers took measurements of ice movement from 2014 to 2016, finding that the Greenland Ice Sheet is sliding really, really fast over the underlying bedrock. “This is quite surprising as these regions are thought to have much slower sliding velocities than regions that are resting on slippery mud,” Maier told Live Science. “Even more surprising is that we recorded this behavior during winter, when there is no surface melt, which can further lubricate the bed and increase the rate of sliding.” What this means is that “even over these relatively boring, slow-moving regions of the ice sheet resting on rock, ice can be rapidly brought down to the high-melt zones,” he added. The researchers even found that Greenland’s main continental ice sheet slides more than parts of the incredibly fast-moving glaciers on the periphery, such as Jakobshavn in west Greenland. Past work showed that global warming has changed ice motion along the ice sheet’s edges, resulting in more thickening or thinning, which in turn causes changes in surface melt. “Now that we have essentially found high rates of sliding everywhere we have looked on the ice sheet, even in the least-likely locations, like ours, we know that ice can be moved around very efficiently,” he said. “Thus, the rates of thickening and thinning are likely to occur more rapidly than previously thought.” That means the ice might change faster in a warming climate than currently thought, he said. In Photos: A Conveyor Belt for Arctic Sea Ice Originally published on Live Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndoairdogusa.comThe World’s Best Washable Air Purifierairdogusa.comUndoFinance101What Are The Best States To Retire In?Finance101UndoAnti-Snoring SolutionA Simple Fix for Snoring And Sleep ApneaAnti-Snoring SolutionUndo In Photos: The Vanishing Ice of Baffin Island Historic Photos Paint Picture of Greenland Ice Loss | Climate Centrallast_img read more

Crimes against SCs STs Karnataka social welfare dept releases ready reckoner for

first_img COMMENT July 23, 2018 SHARE SHARE EMAIL Published on COMMENTS Karnataka’s Department of Social Welfare has released a ready reckoner to help police deal better with crimes against SC/ ST persons. The ready reckoner handbook details all sections under the Prevention of Atrocities Act and ensures that persons from oppressed and marginalised communities are also able to access justice.The Social Welfare department’s ready reckoner for police officers contains all the provisions of the Prevention of Atrocities (SC/ST) Act, and offers guidance to authorities on taking appropriate action.The handbook will help avoid confusion regarding inclusion of correct Sections while filing First Information Reports (FIRs) on cases pertaining to atrocities against Scheduled Castes (SCs) and Scheduled Tribes (STs).Welcoming the handbook, Karnataka Deputy Chief Minister Dr G Parameshwara, said, “I am happy that the department of social welfare is bringing out this handbook for our police officers and other officials. This is a step in the right direction, towards a just and equal society for all. I would advice that all concerned authorities become thoroughly familiar with the provisions of the law, and help our government deliver true justice to all sections of society.”Karnataka’s Social Welfare Minister Priyank Kharge, said the handbook would have details of provisions and regulations pertaining to the Prevention of Atrocities against Scheduled Castes and Scheduled Tribes Act 2015 and the amended rules of 2016.He said this would enable the police to record the relevant clauses in the FIRs and, thereby, ensure that the victims are able to access justice and can take suitable recourse under law.Kharge said, “For long there has been confusion over the available provisions of the SC/ST Act. Failure to mention the specific clauses, rules and regulations in the FIRs had in the past resulted in submitting unsuitable arguments before the courts, and thus we have not been able to provide true justice to the victim.”He added, in case of serious atrocities the Deputy Commissioners and Superintendents of Police of the districts concerned are required to immediately visit the place of the incident to conduct spot inspections and assess the loss of life and property. They will also need to hold meetings to establish peace, provide suitable protection and relief to the victims. Details of the compensation, food, water, clothes, shelter and medical assistance to be provided to the victims are also incorporated in the handbook; this would be a useful compendium for the district administration.The handbook has guidance for police officers when filing FIRs. Specific clauses and provisions of the law have been mentioned so as to ensure justice and relief to the victims. With this, the government hopes to secure justice to even the most oppressed communities, the minister said.center_img Karnataka police SHARE social welfarelast_img read more

Priyanka compares Modi with Duryodhana says BJP is arrogantPriyanka compares Modi with

first_imgCongress General Secretary Priyanka Gandhi Vadra   –  PTI Urges PM to fight polls on real issues Congress General Secretary Priyanka Gandhi Vadra compared Prime Minister Narendra Modi with Mahabharata character Duryodhana and said arrogance is one thing that is common to both. What has irked her is Modi’s statements against her father and former Prime Minister Rajiv Gandhi at some election rallies recently.Addressing a rally in Haryana, the AICC General Secretary urged Modi to fight the election on issues such as development and asked him to stop diverting people’s attention from real issues. “This country has never forgiven ego and arrogance. History is witness to this, the Mahabharata is witness to this,” she said in Ambala. “Duryodhana also had such arrogance. When Lord Krishna went to make him understand, he tried to take him captive,” the Congress’ star campaigner added.Citing the Congress manifesto, she said the Congress will ensure that more than two million vacancies in the government will be filled in a time-bound manner. “This election is about achievements of the BJP-led Central government. But to hide their failures, they try to divert the attention of people of the country,” she said.“I challenge the Prime Minister to fight the election on issues. Is he ready to fight the election on development? Will he fight the polls on people’s issues, farmers’ necessities, and employment for youth, issues and problems of women? Will he state anything before the people about what he did in the last five years and what he will do if he comes back to power? People understand you well,” she said.She said when BJP leaders campaign, they do not talk about issues. “They raise other issues. Sometimes they say the elephant was sleeping for 70 years, sometimes they seek votes in the name of martyrs, and at other times they insult those from my family who sacrificed their lives,” she added. Lok Sabha May 07, 2019 Published on SHARE SHARE EMAIL COMMENT national elections SHARE COMMENTSlast_img read more