TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your say DONE DEAL: Peterborough sign Brighton defender Ben Whiteby Paul Vegas10 months agoSend to a friendShare the lovePeterborough United have signed defenders Ben White and Daniel Lafferty on loan from Brighton & Hove Albion and Sheffield United respectively.Both players have joined the League One side until the end of the campaign.White, 21, spent last term on loan with Newport County and has featured for the Seagulls’ Under-21 side in 2018-19.Seagulls boss Chris Hughton said, “This move is one which allows Ben to play regular first-team football at a good level for his development. At this stage of his career it’s important that he continues to gain as much match experience as possible.“He’s someone who we’ve had around the first-team squad for the first half of the campaign, but with competition for places increased with the return of Dan Burn from Wigan, this gives him the chance to go out and play regular football at a level higher than he experienced last season.”
AC Milan boss Giampaolo: Players must give their lives for the shirt, not for meby Carlos Volcano21 days agoSend to a friendShare the loveAC Milan boss Marco Giampaolo is not seeking excuses for their start of the season.Giampaolo’s job is on the line facing Genoa this weekend.He said, “After four defeats in six games it is normal that everything is black. Even in this case we must have balance, I don’t think it’s time to make definitive judgments. “I know that the team has a lot of room for improvement, especially from the mental point of view, learning to do certain things in a certain way.”The players have to give their lives for the shirt, not for me. The team believed and believes in my ideas. “You have to be strong in defeats, you have to suffer and be attentive to details.” About the authorCarlos VolcanoShare the loveHave your say
OTTAWA – Lisa MacLeod, Ontario’s minister responsible for immigration, says the province is asking the federal government for $200 million to cover the cost of asylum seekers from the United States.Speaking to reporters after testifying at a House of Commons immigration committee meeting Tuesday, MacLeod said while the Liberal government has committed $11 million to Ontario, that money has “yet to flow.”MacLeod said her department is monitoring the costs of dealing with border crossers and predicts they will escalate. She expected to make a formal request for the $200 million later Tuesday.“I would love a cheque.”MacLeod said the $200 million figure breaks down as follows: $74 million for shelter costs for the City of Toronto, $12 million for shelter costs for the City of Ottawa, $90 million for social assistance costs her ministry is footing and $20 million for education.There are also expenses associated with legal aid and that Ontario has invested $3 million in the Red Cross, she said.Federal Immigration Minister Ahmed Hussen said his office had not yet recieved a request from Ontario.Hussen also reiterated that the issue is a shared responsibility and that he hopes Ontario will resume discussions with Ottawa.So far the federal government has offered up $50 million to provinces, which includes $36 million for Quebec, $3 million for Manitoba and $11 million for Ontario, money that was funnelled directly to Toronto.MacLeod called the asylum seeker issue a crisis, since 800 migrants living in Toronto college dormitories will soon be evicted when students return for school.Bill Blair, the new federal minister responsible for border security, told the committee that asylum seekers would be moved to hotels around Toronto, but provided no information on the cost or how long people would live there.Public Safety Minister Ralph Goodale said the federal government has made it clear that simply entering Canada is not a “free ticket” for newcomers to stay in the country.But no matter how a person arrives in Canada, the individual must be given a fair hearing to determine whether they require protection, Goodale said during the committee meeting.From the moment asylum seekers started crossing into Canada from the U.S. in significant numbers, the federal government has made sure that laws are followed and international obligations are met, he added.The Commons committee held the emergency session in the dead of summer at the urging of opposition members.Canada’s Safe Third Country agreement with the U.S. stipulates that asylum seekers are required to make their claims in the first “safe” country where they arrive — meaning those who come into Canada at an official land crossing are sent back to make their claim in the U.S.The agreement does not cover “irregular” asylum seekers — those entering Canada at unofficial points, most notably in Quebec.According to the most recent numbers, the RCMP intercepted 1,263 people at the border in June, which is down from 1,869 in May.Seidu Mohammed, a Ghanaian asylum seeker who lost his fingers to frostbite while crossing at an unofficial entry point in Manitoba in 2016, told reporters he’s calling on Ottawa to suspend the Safe Third Country agreement because “it’s not safe.”Conservative immigration critic Michelle Rempel urged the Liberals to come up with a better plan to deal with the asylum seekers. She was frustrated with the outcome of committee meeting, saying it produced no answers.During the sometimes tempestuous session, Rempel pressed the government about extending the Safe Third Country agreement to the entire border.Blair said the effect of doing so would “be more problematic” than the current situation.Goodale said making every inch of the border an official entry point would mean staffing the 9,000-kilometre length, suggesting that would be impractical. In addition, he said, the Americans would have to mirror the effort to make it work.The government’s plan to address the asylum seeker issue draws on resources from the 2018 budget, said Goodale, who described the border situation as a challenge, not a “crisis.”At a news conference before the committee, Rempel said that so far all Prime Minister Justin Trudeau has done to tackle the migrant issue is shuffle his cabinet and throw money at the problem.Rempel voiced skepticism about Blair’s cabinet appointment, asking whether it was simply a public relations exercise that would create more bureaucracy.“I think the government has a lot of explaining to do.”The tone of the committee became particularly tense during testimony from Adam Vaughan, parliamentary secretary to the minister of families, children and social development.NDP immigration critic Jenny Kwan asked him how much money the federal government was willing to provide to cities struggling to house border crossers.At one point, a frustrated Kwan asked why Vaughan bothered testifying if he didn’t have any answers.A number of refugee advocates at the hearing urged politicians to stop referring to asylum seekers as “illegal.”Jean-Nicolas Beuze, the United Nations High Commissioner for Refugees representative in Canada, said using the term dehumanizes asylum seekers.
In the video above, FiveThirtyEight’s Kyle Wagner breaks down some things the Cleveland Cavaliers can do to stay competitive in the NBA Finals as the series heads back to Cleveland.
With all coach Thad Matta had accomplished at Ohio State, he had never won at Wisconsin’s Kohl Center as the Buckeyes’ coach. Saturday, OSU arrived in Madison undefeated and No. 1 in the country to give the coach, perhaps, his best chance yet. But alas, a new year produced the same result. No. 14 Wisconsin (19-5, 9-3 Big Ten) handed OSU (24-1, 11-1 Big Ten) its first loss of the season Saturday, 71-67. Junior guard Jordan Taylor led all scorers with 27 points, 21 of which came in the second half, on 8-for-13 shooting for the Badgers. As expected, the Badgers came out at the slow pace that so many teams have implemented against the Buckeyes this year. As they played exclusively in the halfcourt, Wisconsin was able to open up an early lead. However, when freshman point guard Aaron Craft entered the game for the Buckeyes, the Badger offense quickly changed from methodical to simply stagnant. As Craft stifled Taylor, Wisconsin had a stretch in the first half in which it went more than six minutes without making a field goal. After junior guard William Buford tied the game at 26 with a minute to go, a basket from fifth-year senior forward David Lighty gave the Buckeyes their first lead of the game, 28-26, at halftime. The Badgers quickly tied the game at 28 to start the second half, but the next several minutes were all OSU. The Buckeyes went on a 21-4 run that lasted more than six minutes as they opened up a 47-32 lead with 13:30 to go. Wisconsin, however, wasn’t going away. Taylor scored eight unanswered points for the Badgers and a pair of free throws from sophomore forward Mike Bruesewitz cut the lead to five. Taylor scored again on the next possession, and a 3-pointer from freshman guard Josh Gasser completed a 15-0 Wisconsin run and tied the game, 47-47. With the game tied, 55-55, and just more than six minutes remaining, a basket from senior forward Keaton Nankivil gave the Badgers their first lead since the first half. Another 3-pointer and a pair of free throws from Taylor put Wisconsin up seven with just more than four minutes to go. OSU cut the lead to two with less than a minute to go, but a Bruesewitz 3-pointer and a turnover from Craft on the ensuing possession put the game out of reach. Buford led the Buckeyes with 21 points, and forward Jared Sullinger’s 19 points and 12 rebounds gave the freshman his 12th double-double of the season. The Buckeyes play again at 9 p.m. Tuesday at home against Michigan State.
Redshirt sophomore safety Wayne Davis announced his intentions to transfer from Ohio State to continue his collegiate career elsewhere via Twitter on Thursday.New Chapter #GodsPlan pic.twitter.com/O7KYcQeDi7— Wayne Davis Jr (@Waynedavis1_) May 10, 2018Davis had three years of eligibility remaining, but did not see meaningful time at Ohio State, and looked to be remaining on the sidelines for the upcoming season.A consensus four-star recruit out of high school, Davis redshirted the 2016 season, but appeared in only two games for a total of 10 snaps last season. He was listed as the 335th prospect in the 2016 class, the 33rd cornerback and No. 7 prospect in the state of Virginia, according to 247Sports composite rankings.Following Davis’ transfer, Ohio State is now down to 85 scholarships, the mandated number the NCAA requires from any college team.Davis was unlikely to see playing time given the depth of safeties at Ohio State. Junior safety Jordan Fuller, who has already been announced as a probable starter, will likely be paired up with either sophomore Isaiah Pryor, sophomore Brendan White or redshirt sophomore Jahsen Wint for the 2018 season.
Following the amazing display the Spaniard put in on Tuesday, when he scored three of the six goals for his team in the game against Argentina, the Blues’ fans have shared their opinion as they quite often do via the media.Real Madrid’s forward scored a hat trick in the eventual 6-1 win over Argentina and supporters have urged management to prepare the 70 million he is rated at and just sign him.Isco started on the right side and finished by taking the ball home after completing his treble in the 74th minute of the huge win.Chelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.The Spaniard has been struggling in Real under Zinedine Zidane this season as more often than rarely was he out of the starting squad. Despite this fact, he has still managed to score seven goals and provide the assists for seven others in his 40 appearances across all competitions Madrid are participating in.Some of the fans comments following the game were the invitation “come to Chelsea and replace Cesc Fabregas” and the simple “Chelsea need to sign Isco” among many others, according to Football Fancast.
Homer Electric Association joined firefighters Monday to inspect the transmission line corridor north of the highway, planning further fire risk mitigation this week before the line is turned back on. Crews have remained busy with mop-up and suppression repair along 18 miles of firebreak north of the Sterling Highway and along the East Fork Moose River, where they kept mopping-up hot spots and burning out green pockets of black spruce. Facebook0TwitterEmailPrintFriendly分享Last updated on July 5th, 2019 at 06:33 amThe Swan Lake Fire is estimated at 77,732 acres with roughly 454 crew members and is currently at 14% containment, according to Jonathan Ashford, a spokesman for the Alaska Incident Management Team there was no fly over measurement taken on Tuesday. Firelines east of the Sterling community have remained strong as hot, dry weather tested firefighters’ work. Hot, dry weather combined with dry black spruce stands will challenge firefighters all week. The Alaska Black Team is approaching the end of their assignment. Type 2 Incident Management Team Northwest 13 shadowed the Alaska Team on Tuesday in preparation of assuming command of the fire Wednesday morning. Ashford: “There’s a lot that goes into that, but one that will remain in place is there has been a lot of communication over the last couple days. We have been discussing what has been happening, and what the goals are. The Refuge and other agencies involved have been a part of those discussions.” Ashford: “You won’t see as much work along the highway while crews continue to work on that southwest corner as we try to complete containment line that heads up towards the East Fork Moose River.” Smoke and haze conditions on the Kenai Peninsula were moderate Monday. Smoke remains a concern. For smoke forecasts from Alaska wildfires, visit UAFSMOKE at http://smoke.alaska.edu. The Skilak Wildlife Recreation Area partially re-opened Monday to public use at Lower and Upper Ohmer Lakes, Lower Ohmer Campground, Upper and Lower Skilak Lake Campgrounds, and Upper Ohmer Lake Cabin. Skilak Lake Road, along with Jim’s, Upper and Lower Skilak landings remain open. Contact the Refuge Visitor Center at 907-260-2820
Atlantic Media may be pursuing an aggressive “digital-first” strategy but the print product has hit a historic highmark. While many magazines reporting ad page gains in 2010 are only comparing that to the nightmare of 2009, The Atlantic says its November 2010 issue is the single highest-revenue issue in the magazine’s 153-year history. The November issue-which features The Atlantic’s “Brave Thinkers” profiles-saw a 60 percent jump in ad pages and a 95 percent gain in ad revenue over November 2009 (also a “Brave Thinkers” issue). The current issue features customized and unconventional ad units, such as a multiple cover execution sponsored by Dow and a Buick gatefold opening the Brave Thinkers editorial package. The Atlantic isn’t the only publisher with a strong digital presence that has seen print perform. Financial Times predicted that content revenues would overtake print advertising in 2010, but has now moved that prediction to 2011, thanks to a jump in print advertising this year.
8 Flip through 32 Marvel-ous images from this super exhibit 8:53 32 Photos How I survived the Marvel Studios 22 Movie Marathon Keanu Reeves owns 2019 — and it’s a very excellent adventure Keanu Reeves to star in Cyberpunk 2077, out in April 2020 Reeves’ slow-mo Always Be My Maybe walk works to any song I vote for Keanu Reeves as Johnny Blaze : Ghost Rider .. time to bring him into the MCU @Marvel pic.twitter.com/l8rfg4P6Ro— Grn.Rngr (@alexxcooleyy) June 20, 2019 More on Keanu Reeves Marvel Others suggest Reeves should be cast as everyone from Silver Surfer to Gambit to Moon Knight.Reeves has made headlines this year for everything from his starring action part in John Wick Chapter 3: Parabellum to his role as a motorcycle daredevil toy in Toy Story 4 to his upcoming role in the Cyberpunk 2077 video game to a meme-worthy appearance in Netflix movie Always Be My Maybe.There’s also an online petition, with more than 34,000 signatures at press time, urging Time Magazine to make Reeves its person of the year. Keanu in the MCU? He does know kung fu from his Matrix days, after all.Pain heals, and chicks dig scars, but glory lasts forever, Keanu Reeves once told us in The Replacements. Sounds like the perfect motto for a Marvel superhero.And Reeves, who’s having a most excellent and not at all bogus 2019, could join that super-powered universe. A reporter for CNET sister site ComicBook.com asked Marvel Studios President Kevin Feige if the company was planning anything involving Reeves, and indeed, strange things are afoot at the Circle K.”We talk to him for almost every film we make,” Feige said. “I don’t know when, if, or ever he’ll join the MCU, but we very much want to figure out the right way to do it.”Which hero would he play? Due to Reeves’ love of motorcycles, some suggest Ghost Rider. Now playing: Watch this: Originally published June 19. But many would like to see Reeves as Adam Warlock, who was created by researchers to be the pinnacle of future human evolution. “Adam Warlock was designed to be the most perfect human and everybody can agree that Keanu Reeves is already the most perfect human there is,” wrote one Twitter user. Adam Warlock was designed to be the most perfect human and everybody can agree that Keanu Reeves is already the most perfect human there is so marvel better cast him pic.twitter.com/iefkmh5z8d— ४ 𝐊𝐚𝐲𝐥𝐚 𝐌𝐢𝐬𝐬𝐞𝐬 𝐋𝐨𝐤𝐢 ४ (@reevesofloki) June 20, 2019 Comments Share your voice TV and Movies Tags
Bhutanese prime minister Lotay Tshering addresses the Pahela Baishakh celebration, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PIDVisiting Bhutanese prime minister Lotay Tshering on Sunday also joined the colourful Pahela Baishakh celebration, the first day of Bengali New Year, in the capital, reports BSS.The Bhutanese prime minister attended one of the “Naba Barsha (new year)” celebrations jointly organised by Shurer Dhara, a cultural organisation and Channel-i, a private television channel, at Bangabandhu International Conference Centre (BICC) in Dhaka this morning.Tshering, accompanied by speaker Shirin Sharmin Chaudhury and foreign minister AK Abdul Momen, was mesmerised by the performance of Shurer Dhara led by internationally acclaimed singer Rezwana Chowdhury Bannya.After enjoying different songs, one in Bhutanese language, Lotay greeted the people gathered on the occasion to celebrate Bengali Happy New Year.Bhutanese prime minister Lotay Tshering (R) enjoys cultural programmes to celebrate Pahela Baishakh, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PIDHe expressed his happiness as he was able to join the biggest festival of Bangalees. “I would like to greet you happy New Year from deep of my heart,” he said in Bangla.Tshering had received his MBBS degree from Mymensingh Medical College under foreign student quota and underwent postgraduate training in different medical institutes in Dhaka afterward.Bhutanese prime minister Lotay Tshering (R) takes part in a photo session at a cultural programme to celebrate Pahela Baishakh, the first day of Bengali New Year, jointly organised by cultural organisation Shurer Dhara and private television channel, Channel-i at Bangabandhu International Conference Centre in Dhaka on Sunday. Photo: PID“I spent seven years in Mymensingh and four years in Dhaka …. Bangladesh is as like my second home,” Lotay said.Later, the foreign minister told newsmen that when Bhutanese Prime minister was scheduling his visit here, Bangladesh proposed him to come here during the Pahela Baishakh. “He (Lotay) keenly accepted the proposal and rescheduled his visit,” Momen added.
Jack WilliamsKlein Collins High SchoolMore than 1 million students in the Houston area had a weather-related day off Monday because of storms that dumped as much as 16 inches of rain.More than 40 districts and universities canceled school as heavy rain and flooding inundated parts of Harris County and threatened nearby areas.The closures included the Houston Independent School District, the largest in Texas with about 215,000 students, plus Texas Southern University and the Houston Community College System.The more than 40,000-student University of Houston cited street flooding in calling off classes. Rice University also canceled school Monday.School has also been canceled for the following school districts:Houston ISDKaty ISDCy-Fair ISDHumble ISDKlien ISD (Klein Collins High School will be closed Tuesday as well due to extensive damage). Aldine ISD Alief ISDWaller ISDSpring ISDSpring Branch ISD (was scheduled for a student/staff holiday on Monday)Hempstead ISDRoyal ISDCrosby ISDGalena Park ISDKIPP Houston Public SchoolsConroe ISDTomball ISDEpiscopal High SchoolHouston Community CollegeLone Star CollegeTWU Houston campusUniversity of HoustonUniversity of Houston at Clear LakeUniversity of St. ThomasBrightwood College North CampusLee CollegeTexas A&M Health Science Center Institute of Biosciences and TechnologyBaylor College of MedicineAll Neighborhood Centers Promise Community Schools, Early Head Start, Head Start and Senior CentersHEART Program Share
Dave FehlingThe Houston skyline is seen on a hazy day.Critics said the Environmental Protection Agency isn’t doing enough to go after polluters.A new report from the Environmental Integrity Project said the agency is being less aggressive in enforcing pollution rules than it was in previous years. The advocacy group said in the Trump Administration’s first year, the EPA dealt with 48 major pollution cases and issued $30 million in fines – a drop in enforcement compared to the first years of the Obama, Bush and Clinton Administrations. “Less enforcement doesn’t mean there aren’t a whole lot of violations out there,” said Eric Schaeffer, the environmental group’s executive director.In response, the EPA said the report ignores the fact that enforcement cases have been steadily dropping for at least the past decade. They were down from almost 4,000 in 2007 to about 2,000 by the time Trump took office.Still, Schaeffer’s group said it worries weaker enforcement will cause polluters to take the rules less seriously. Share
Faiz Ahmed Faiz is one name that is taken in the same breath with the other Urdu masters. And now Delhiites will get a chance to relive his memories at this evening that is dedicated to the legendary poet. ‘Faiz phir teri yaad ayi’ is an ode to the legendary revolutionary poet from Pakistan who was a notable member of the Progressive Writers’ Movement (PWM), and an avid follower of Marxism. It will be a musical evening based on Faiz’s poems which have been researched and compiled by Vinod Verma, who runs a cultural society, Tamasha. Joining him will be Madan Bala Sindhu’s Sufi and classical music which will be based on Faiz’s poems. Also Read – ‘Playing Jojo was emotionally exhausting’‘His pathbreaking poems reflected a tinge of romance and reality during the time of Independence, which triggered the nation to raise its voice against suppression,’ said Verma.The works of Faiz, who is also known as ‘Poet of the East’, will be recited and sung with a background score by Sindhu.‘It’s a celebration of his famous works like Darbar-e-Batan, Dua, Meri kismat se khelne wale, Shisho ka Maseeha koi nahi, Aye kuch abre kuch sharab aye, Raaz- e-ulfat chupa ke dekh liya, Shaam-e-Firaaq, Naqsh-e-Faryadi, Dast-e-Saba, Mere Dil Mere Musafir Also Read – Leslie doing new comedy special with Netflixto name a few of his masterpieces,’ said Sindhu.Music will play a major role in the recital this evening and it will juxtapose with his romantic poems at first, and then later on his rebellious ones.‘The concept, along with the music, is based on Faiz’s life. He took a turn from romantic writings to realistic ones when he was sent to correctional homes in 1951 due to a political conspiracy in Pakistan,’ said Verma, who has done almost 100 workshops on Faiz’s works in India and abroad in the last 32 years. Says Sindhu: ‘Faiz is like a Comrade, his thoughts were soft but effective and inspired the classical and Sufi singers. His poetry never gets old because the problems and situations are so much related to us till now and they have not changed.’‘Today we sing his songs because of his beautiful poetry, he as a human being served as an inspiration which motivated us to speak up for ourselves, for the society,’ added Sindhu.DETAILAt: India Habitat Centre, Lodhi RoadWhen: 17 January Timings: 7 pm onwards
The Mahindra Excellence in Theatre Awards (META), a week long national theatre festival and awards programme which stages the best in theatre from across the country is all set for its 13th edition to be held in April. META confers awards across 13 categories, recognizing and celebrating various aspects of stagecraft including stage design, lighting and costumes apart from best play and best ensemble cast and best director. The flavour of META lies in its diversity in terms of both themes and regions represented and this edition seeks to continue this tradition. Also Read – Add new books to your shelfTheatre groups from across the country are invited to participate in the festival and compete for the most comprehensive awards in Indian theatre. The deadline for applications is January 20. An advisory committee representing various regions of the country will recommend plays from their respective states, comprising the best of regional theatre. These plays will get direct entry to the META selection committee’s screening. This committee, comprising eminent performing arts personalities, will then select 10 plays that will ultimately be staged in Delhi and these chosen entries in 13 award categories will be invited to stage their productions before a distinguished jury and general audiences in the Capital. Entries can be submitted online at the official website of META awards.. Also Read – Over 2 hours screen time daily will make your kids impulsiveJay Shah, Head of Cultural Outreach, Mahindra & Mahindra Ltd. encouraging the efforts of the group said “The Mahindra Group has always invested in the arts with the vision to nurture creativity and encourage passion. It gives us immense satisfaction to see the results of over a decade. META is not just a festival but an ongoing movement to recognize and salute the best of Indian theatre.”Sanjoy Roy, MD ofTeamwork Arts said, “The META journey has proved beyond doubt that there is an abundance of talent within the country. Over the years, META has served as a platform to showcase the best of Indian theatre, resulting in a significant contribution to the country’s cultural landscape.”The 13th META Festival which is scheduled from April 14 to 19 will be held at New Delhi’s Kamani Auditorium and Shri Ram Centre along with a red carpet awards night on April 2.
Rep. Ben Frederick of Owosso today announced a combined grant award of $1,005,720 to the City of Owosso from the Michigan Department of Transportation. Projects under the Transportation Economic Development Fund Category A were awarded funds for construction on several roads in Shiawassee County.“I applaud the City of Owosso for earning this vital grant,” Frederick said. “It is essential to continue enhancing our roads and improving local infrastructure to support businesses and attract new job providers in mid-Michigan.”The first grant of $288,545 will be used to reconstruct McMillan Street from Monroe Street toward South Street by installing intersection improvements, updated signs and pavement markings. The second grant of $599,175 will be used to reconstruct Monroe Street from McMillan Street westerly to Gould Street. The final grant of $118,000 will be used to mill and resurface Gould Street from Monroe Street northerly to M-71.The Transportation Economic Development Fund operates under the Michigan Department of Transportation, and aims to enhance Michigan’s competitiveness in the global market by providing funds to state, county, and city road agencies for highway needs. Categories: Frederick News 01Nov Rep. Frederick announces MDOT grants
Hulu is canning its ad-supported streaming and catch-up service with a chunk of the free content moving to a Yahoo View, a new service from the ISP.The core Hulu services will be paid-for US$7.99 (€7.20) and US$11.99 SVOD services. The news comes soon after Time Warner bought into the on-demand business for US$583 million, and ahead of Hulu launching its live streaming on linear nets, for which there are not yet any pricing details.Hulu has been moving away from its free service for some time, making it less easy to locate than via the paid service, and driving free customers to the paid-for alternatives. It has also, like Netflix and Amazon, been investing in originals and high-profile acquisitions such as Seinfeld, Homeland and Fargo.The company now says the free service is not in sync with that offering.“For the past couple years, we’ve been focused on building a subscription service that provides the deepest, most personalised content experience possible to our viewers,” said Ben Smith, head of experience, at Hulu.“As we have continued to enhance that offering with new originals, exclusive acquisitions, and movies, the free service became very limited and no longer aligned with the Hulu experience or content strategy.”Yahoo, itself in the throes of being acquired by US telco Verizon, saidYahoo View is a “community TV-watching site”. It will have thousands of episodes of shows that were on the free Hulu service including network series Scandal and Empire. There will also be extras and links to related TV blogs.In a blog post, Jess Lee, vice president of Lifestyles Product for the ISP said: “We’ve seen awesome things happen when you add community and content together (think of the passionate communities on Yahoo Sports, Polyvore and Tumblr to name a few) and are excited to be taking this first step towards creating a powerful community TV-watching experience.“Today’s launch is only scratching the surface of what’s possible, and we are looking forward to rolling out more content and community-related updates soon!”
Nvidia’s Shield TVNvidia unveiled its new Nvidia Shield TV media streamer and gaming device at the Consumer Electronics Show (CES) last week.The redesigned Android TV-based device will ship with both a remote and a game controller, support 4K high dynamic range images, and in the coming months will be expanded with artificial intelligence capabilities – including hands-free Google Assistant integration on TV.The device will give users access to streaming services like Amazon Video, Netflix, YouTube and Google Play Movies, as well as access to an expanded catalogue of streamed games – including Ubisoft catalogue games like Watch Dogs 2 and Assassin’s Creed Syndicate.Shield TV is available to pre-order now and will ship in the United States, Canada and select European regions later this month. Including controller and remote, it will be priced at US$199.99 in the US, £189.99 in the UK and €229.99 in Germany.
LG has unveiled what it claims is the world’s first 88-inch 8K OLED display as the company affirmed its commitment to the high-end TV market.LG will showcase the 8K display at the Consumer Electronics Show in Las Vegas next week and said that the 8K panel offers higher resolution without compromising brightness.The OLED display will offer 33 million pixels (7680×4320) – 16 times more than full HD (1920×1080) and four times more than Ultra HD (3840×2160).“The successful development of the world’s first 8K OLED display is a milestone for the 8K era and underscores the exciting potential of OLED,” said In-Byung Kang, executive vice president and chief technology officer at LG Display.“OLED is clearly a next-generation technology leader and for this reason, LG Display is accelerating its research and development into OLED so that we can provide differentiated products to customers and markets.”LG Display’s booth will be found at N228 in the North Hall Meeting Room of the Las Vegas Convention Center during CES, which runs from January 9-12.
In This Issue. * Flight to safety, but was it necessary??? * STL Fed Head Bullard says we are at a turning point… * China lets the renminbi rise… * Australian officials bypass the US$… 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 www.everbank.com