NMDC gallops to digital mode

first_imgNEW DELHI: After achieving record performance in FY 2018-19, NMDC is embarking on a digital transformation journey in the new Financial Year, by adopting SAP as an ERP Solution through project titled ‘Kalpataru’. With this project NMDC aims to fully integrated solution encompassing all the business functions of the organization.The Project Kick off meeting took place at NMDC Head Office in the august presence of N Baijendra Kumar, CMD, NMDC; Dr T R K Rao, Director (Commercial); P K Satpathy, Director (Production); Sandeep Tula, Director (Personnel); Amitava Mukherjee, Director (Finance) and Shri V V S Sreenivas, Chief Vigilance Officer; Leadership teams from the partners Deloitte, CHiPS, Accenture and SAP also participated in the meeting. The ERP initiative at NMDC is expected to usher in process transformation by adoption of the global industry best practices, resulting in improved efficiency and greater transparency. This project will also provide competitive advantages to NMDC by harnessing technologies such as loT, Data Analytics, AI, which will enable NMDC to be among the leading Mining and Steel producers globally. Hailing the ERP team of NMDC for achieving this milestone, Baijendra Kumar said that this initiative will improve NMDC’s operational efficiency, and position NMDC as one of the most competitive and dynamic PSE of the country.last_img read more

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Now Is When College Football Starts To Matter

College football’s championship will be decided via a playoff bracket for the first time this year, rather than media polling or the near universally loathed Bowl Championship Series. You can read about the details of the new setup here, but the basic gist is that a 13-person committee of experts will come out with their own weekly rankings of the top 25 teams starting Oct. 28 and culminating in a Dec. 7 ranking of the top four teams in order to seed a four-team playoff.The committee is new and its members have yet to release any rankings, so it’s hard to say what their voting tendencies will be. But it’s probably a good bet that they won’t stray too far from long-standing rankings such as the Coaches Poll and the Associated Press Top 25. And if the AP’s rankings (since 1992) are any guide, now is when the existing Top 4 teams start to solidify their places in the final, pre-bowl edition of the regular-season rankings.Up until Week 5 of the college football season, the schools on the periphery of the AP’s Top 4 typically have a slightly lower probability of finishing the year among the (now-coveted) top quartet of teams than those currently occupying those slots. Starting in Week 6 — and accelerating in Weeks 7-9, the current stage of the 2014 campaign — the teams in the top four slots begin to pull away from the rest of the pack, increasing their probability of ending the regular season among the “Final Four.”That’s good news for Florida State, Auburn, Mississippi State and Ole Miss, each of which found themselves sitting in the AP’s Top 4 after the dust cleared on this past weekend’s wild spate of upsets. Teams that survive midseason aren’t completely in the clear — historically, there’s still about a two-in-five chance that one of the teams in the existing Top 4 falls out after Week 9 — but teams in that position are significantly more assured of being “in” now than they were just two weeks ago. read more

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Approximately 2500 students attend Ohio State football Student Appreciation Day

Brutus Buckeye gives a high-five to a student during OSU football’s Student Appreciation Day April 5 at the Woody Hayes Athletic Center. Approximately 2,500 students showed up to the practice.Credit: Desiaire Rickman / Lantern photographerWhen 2,500 students are on the playing field, it usually means something big has happened for the Ohio State football team.While the Buckeyes did not pull an upset win or beat a highly ranked team, the intrasquad practice drew a large crowd for the team’s third annual Student Appreciation Day at the Woody Hayes Athletic Center.The event, started by OSU football coach Urban Meyer in spring 2012, is aimed at getting students involved in the program — as with some of the approximately 2,500 who attended were invited to join the players in their stretching lines prior to practice.Students not only stretched with the team — some even attempted field goals as their peers surrounded the play. Adam Watson, a first-year in biomedical science and Block “O” football director, said plenty of planning went into the event from the student side.“We worked a lot with the football operations director for athletics Fernando Lovo,” Watson said. “We got to come into a practice and talk to a few guys to see what they wanted.”The Block “O” student section tossed T-shirts to the crowd and featured some students with body paint, much like one would see at a game in Ohio Stadium.“Ultimately, we just want to get overall involvement,” Watson said.The finalists in the fastest student competition took their places following practice to compete and see who will race sophomore running back Dontre Wilson and senior wide receiver Devin Smith during halftime of the Spring Game scheduled for April 12. Among the winning finalists were fourth-year in sports industry Mesiah Smith, who was a member of Ohio State’s club football team in 2013.Redshirt-junior tight end Nick Vannett said he appreciated the students coming out to support the football program.“I can honestly say there are very few programs out there that do something like this,” Vannett said. “I think it is good that we have such a good fanbase. I think it is good for the students and for the players. Getting to meet all of the students that support us and I just think all around it is a good event.”One OSU player in particular made his presence felt during his team’s practice, as redshirt-sophomore cornerback Eli Apple intercepted redshirt-freshman quarterback J.T. Barrett twice. His performance merited the black stripe on his helmet to be removed, fully initiating him as a Buckeye.“He played good,” Vannett said of Apple. “I saw that one hit he had on Jeff Greene and after that, pretty much sealed the deal for his black stripe coming off.”Apple was not the only player who had a big day, as redshirt-freshman tight end Marcus Baugh caught a pair of touchdown passes from Barrett. Baugh said after the practice he is feeling much more comfortable with the offense.“I just try to go out there and go hard … That is what I did on those plays, and J.T. put the ball on the spot,” Baugh said.With senior tight end Jeff Heuerman out for the remainder of spring practice after having surgery on his foot, Baugh said he has the opportunity to work on his game a little more.“It is definitely helping me work on my blocking,” Baugh said of getting more playing time. “With him being out, coach is really giving me a lot of reps on the harder blocks that last year I wasn’t too good at.”After the spring game, the Buckeyes are slated to begin their 2014 campaign Aug. 30 against Navy at M&T Bank Stadium in Baltimore. Kickoff is set for noon. read more

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Dominican fishermen released from prison

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Facebook Twitter Google+LinkedInPinterestWhatsAppNassau, Bahamas August 3rd, 2017 — The Royal Bahamas Defence Force vessel, HMBS Madeira, captured two Dominican vessels and arrested both of their captains and crewmembers for illegally fishing in Bahamian waters last year November 2016. During the incident one of the Dominican vessels rammed the Defence Force vessel in a failed attempt to escape.The two Dominican vessels, Sheyla and Johnniel, were caught with approximately 68,000 pounds of fish and crawfish aboard. Altogether, 51 Dominicans were arrested. 50 of the poachers were subsequently charged with illegal fishing and sentenced to 6 months in prison or a fine of $20,000 each. However, the captain of one of the vessels was charged with endangering a vessel and subsequently sentenced to 16 months in prison.After serving their sentences at the Department of Correctional Services, 50 Dominican fishermen were handed over to Bahamas Immigration authorities in care of the Carmichael Road Migrant Detention Center for deportation. Nine months after the incident, the 50 Dominicans were subsequently released yesterday from the Carmichael Road Detention and transported to Prince George Wharf where they were handed over to the Dominican naval vessel, Almirante Didiez Burgos, to begin their journey home. The Dominican naval vessel was escorted in and out of Bahamian waters by a Defence Force patrol craft.The captain of the Dominican poaching vessel that rammed the Defence Force patrol craft, Victor Diaz, will remain in custody at the Department of Correctional Services until 2018. He had pled guilty to an additional charge of eight counts of causing the safety of HMBS Madeira to be endangered with intent to cause danger or harm; and one count of Damage. He was therefore sentenced to an additional 16 months at the Department of Correctional Services.last_img read more

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STUDENT SPOTLIGHT 3 Wilmington Students Perform Internships Through ColbySawyer College

first_imgNEW LONDON, NH — Internships are field experiences designed to provide a student learning opportunity under collaborative supervision between Colby-Sawyer faculty, staff, and work site professionals. Internships offer opportunities for students to enhance their academic programs with work experience related to career interests in all industry areas in national and international settings.The following Wilmington students are completing Colby-Sawyer’s internship requirement this summer:Bridget Clark is fulfilling Colby-Sawyer’s internship requirement with Stanford University in Stanford, Calif.Joseph Scurto is fulfilling Colby-Sawyer’s internship requirement with North Shore Navigators Baseball in Lynn, Mass.Kathryn Bischoff is fulfilling Colby-Sawyer’s internship requirement with Brookhaven National Laboratory in Upton, N.Y.About Colby-Sawyer CollegeColby-Sawyer College is a comprehensive college that integrates the liberal arts and sciences with professional preparation. The college’s faculty, staff and students strive for excellence in an engaged teaching and learning community that fosters students’ academic, intellectual, and personal growth. With a strong emphasis on learning outcomes, including breadth and depth of knowledge, self-growth, creative and critical thinking, and effective communication, Colby-Sawyer prepares students to thrive post-graduation and make a positive impact upon a dynamic, diverse and interdependent world.Founded in 1837, Colby-Sawyer is located in the scenic Lake Sunapee Region of central New Hampshire. Learn more about the college’s vibrant teaching and learning community at www.colby-sawyer.edu.(NOTE: The above announcement is from Colby-Sawyer College via Merit.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSTUDENT SPOTLIGHT: Wilmington’s Joseph Scurto Completes Internship At Colby-Sawyer CollegeIn “Education”STUDENT SPOTLIGHT: Wilmington’s Clark & Scurto Graduate From Colby-Sawyer CollegeIn “Education”STUDENT SPOTLIGHT: Wilmington’s Bischoff & Clark Named To Dean’s List At Colby-Sawyer CollegeIn “Education”last_img read more

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Trump social media summit highlights rightwing complaints

first_img US Tech Policy “They’re playing with a lot of minds and they’re playing unfairly,” President Donald Trump said at his social media summit. Getty Images President Donald Trump said he will invite social media companies to the White House, a comment made at the “social media summit” from which they were excluded. The summit, which took place Thursday, included right-wing personalities but no representatives from Facebook, Twitter or other social media giants. “We’re going to be calling a big meeting of the companies,” Trump said in opening remarks at the summit, adding the meeting would likely take place in a week or two. “They have to be here.” Facebook and Twitter declined to comment. The White House hasn’t released any more information about a possible meeting with social media companies.Trump’s social media summit brought together media personalities popular in conservative circles, such as YouTuber Tim Pool and Jim Hoft of The Gateway Pundit, a site that has published right-wing conspiracy theories. Facebook and Twitter had previously said they weren’t invited to participate. YouTube didn’t respond to a request for comment about whether it had been invited.”They’re playing with a lot of minds and they’re playing unfairly,” the president said of the tech giants during the summit. He also complained about his follower count. Aug 7 • Trump’s emissions and fuel economy rollbacks will cost Americans money, study says Politics Tech Industry Jul 28 • Apple’s Q3 earnings are all about the iPhone 11 hints Facebook Google Twitter Post a comment Before the event, Trump lashed out at social media companies. The companies exhibit “tremendous dishonesty, bias, discrimination and suppression,” the president tweeted.”We will not let them get away with it much longer,” he said.The White House gathering comes as tensions between social media companies and prominent conservatives escalate amid a crackdown on hate speech, violence and other content that violates their rules. The companies have banned far-right figures, including InfoWars host Alex Jones, Milo Yiannopoulos and Laura Loomer. In response, lawmakers on Capitol Hill have criticized the moves at hearings, and the White House launched a website giving people the opportunity to report allegations of political bias by the companies.Trump has alleged Twitter makes it hard for people to follow him, though he has offered no evidence. In a meeting with Twitter CEO Jack Dorsey, Trump complained about losing followers.Trump said he’d instruct his administration to “explore all regulatory and legislative solutions” to protect free speech.Many of the attendees at Thursday’s event, which started just after a Twitter outage, have accused social media companies of attempting to hamper their growth and reach. Facebook, Twitter and Google have repeatedly denied these accusations.James O’Keefe, head of Project Veritas, a conservative news outlet whose hidden-camera videos are popular on YouTube, attended the summit. Project Veritas has been accused of editing videos to twist what their subjects say, and of attempting to trick reporters at The Washington Post into pursuing a false story. O’Keefe has denied the allegations.Sen. Marsha Blackburn, a Republican from Tennessee, and Rep. Matt Gaetz, a Republican from Florida, were also invited to the summit. YourVoice America host Bill Mitchell, who’s promoted the extremist QAnon conspiracy, tweeted last week that he planned to attend the summit. Various conservatives groups including the Heritage Foundation, Prager University and the Media Research Center got invites as well, according to The Washington Post.On Thursday, advocacy groups such as the Muslim Advocates accused Trump of holding the summit to pressure social media companies into not enforcing their online rules. “President Trump’s social media summit is a ruse designed to intimidate technology companies like Facebook, Twitter and YouTube into allowing bigoted and white nationalist hate content on their platforms,” said Madihha Ahussain, Muslim Advocates’ special counsel for anti-Muslim bigotry. “Enforcing basic standards of decency on social media isn’t censoring conservative speech.”First published July 11 at 11:25 a.m. PT.Update, 2:18 p.m. PT: Adds details from the event. US Tech Policy See All Share your voice • Aug 6 • Trump says he’s watching Google ‘very closely,’ slams CEO Sundar Pichai Tags reading • Trump wants Facebook, Twitter to attend a different social media summit Aug 6 • President Trump wants social media to catch shooters before they strike. It’s going to be hard 0last_img read more

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See those damn aliens at Area 51 via Google Maps

first_imgYes, but can Google Maps go underground?  Google Maps screenshot by Leslie Katz/CNET You’re forgiven if you can’t decide whether to buy tickets to Nevada for the planned raid on classified military base Area 51. One day the Sept. 20 Facebook event “to see those damn aliens” is removed from the social network, the next it’s back up. Who can keep track, let alone make reliable travel plans? If you like to play things safe and search for aliens from your couch instead of the hot, sweaty desert, you can just visit Area 51 via Google Maps. LADbible provides the coordinates for the desert base around 150 miles from Las Vegas, which has become synonymous with alien conspiracies, especially involving alien spaceships and aliens themselves. “By typing these coordinates into Google Maps: 37.24804, -115.800155, or by following this link, you can view the base without breaking any rules,” the site notes. Added a Google spokesperson, “Google sources satellite imagery from third-party providers, who are responsible for complying with any applicable law.” area-51-memes2 Screenshot by Jován Pulgarín/CNET The image looks like what you’d expect a satellite image of a desert base to look like. Nestled in a huge desert expanse, there are roads, nondescript buildings, parking lots, runways and several visible aircraft. Despite zooming in as far as I could, however, I was unable to see ET.  The tongue-in-cheek Alien 51 Facebook event, titled Storm Area 51, They Can’t Stop All of Us, first appeared on the site in July. “We will all meet up at the Area 51 Alien Center tourist attraction and coordinate our entry,” it read. “If we Naruto run, we can move faster than their bullets. Let’s see them aliens.” “Naruto run” refers to the main character in the eponymous Naruto anime.More than 2 million people have signed up for the event, and 1.4 million more are “interested” in attending. And while the event’s fake, creator Mathew Roberts has put together a real festival instead that will take place somewhere other than a secret military base. Roberts says he expects around 20,000 people to attend that event.  Google Maps for Android 1 Area 51, a remote detachment of Edwards Air Force Base within the Nevada Test and Training Range, reportedly got its name when, in 1951, the remains of the alleged Roswell UFO (said to have crashed in 1947) were brought to the base. In 2013, the CIA issued a 355-page declassified report detailing the birth of Area 51 and the U-2 spy planes developed and tested there.The US Air Force has issued a warning to would-be alien hunters  interested in attending the desert event, saying troops stand ready to protect Area 51. It’s unknown what Sept. 20 will bring for Area 51 and environs, but it is known the stunt is presenting all sorts of marketing opportunities. The Belize Tourism board, for example, is offering free Central American vacations to Nevada locals wishing to escape the chaos. Even the official Ghostbusters movie got in on the madness with a bit of advice. Whatever happens next month, let’s just hope we’re not looking at another Fyre festival disaster. Originally published Aug. 6, 2:27 p.m. PT.Update, 4:09 p.m. PT: Adds comment from Google spokesperson.  More Area 51 madness Share your voice Tagscenter_img Comment 2 million want to raid Area 51 to ‘see them aliens’ Area 51 raid event back on Facebook after being removed Planning to raid Area 51? Ghostbusters have advice Online Review • The rebuilt Google Maps for Android is better than ever Google Mapslast_img read more

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Russia returns as investors playfield after 2014s oil price collapse business sanctions

first_imgRussia is returning from the investment wilderness after last year’s oil price collapse and Western business sanctions with funds attracted by falling interest rates and a light 2016 debt repayment calendar.Those who braved Russian markets this year are already in line to scoop dollar-based returns of 15-20% on equities and bonds, among the best in the world.But this merely represents recovery after a horrific 2014 that saw the Rouble crash by 40%, $150 billion capital outflows and the spectre of default by Russian companies that had borrowed heavily in dollars.Now, almost a year after a dramatic late night 6.5% point interest rate rise to defend the collapsing Rouble, a turnaround for the economy and investment flows may be nigh. That is, provided geopolitics, oil prices and the domestic economy all deliver as hoped.”Russia is definitely one to watch,” Mark Burgess, CIO for Columbia Threadneedle Investments, EMEA told the recent Reuters Global Investment Outlook summit. “Were there to be any signs of sanctions being lifted, there would be investment opportunities being thrown up from that.”Despite the latest geo-political spat with Turkey over the downing of a Russian warplane, the commonly held view now is that with Moscow joining the alliance against Islamic State militants in Syria, ties with the West are on the mend.That in turn means sanctions imposed for Russia’s meddling in Ukraine may be rolled off in 2016, at least by Europe.While those measures only bar some companies such as Rosneft and Sberbank from tapping global capital markets, their removal will be a game-changer because of the risk premium they have added to Russian assets in general.Other positives: the exchange rate plunge has protected Russia’s balance of payments surplus, and the Rouble, having fallen 20% this year in real terms – versus currencies of trade partners and adjusted for inflation – looks cheap.Any sign of oil prices bottoming out into next year would also be a significant catalyst for Russian assets.And while the economy will remain in recession, the worst of the downturn may be over, most investors believe.Also setting Russia apart from emerging peers such as Brazil and Turkey is a balance of payments surplus that may top 4% of annual economic output next year.That’s key at a time of rising US interest rates when international capital is costlier and harder to come by.EXTERNAL DEBTRussian companies have been more resilient than expected, as their own cash buffers and state aid have headed off anticipated debt defaults.That scenario looks even more unlikely now, given their external debt repayments amount to around $75 billion next year, versus well over $100 billion in 2015 and almost $50 billion just in the last 2014 quarter.”The market is looking ahead and seeing external debt as less of a headwind,” UBS strategist Manik Narain said.Russian bankers say they are flush with dollars, as firms fearing asset freezes by the West have repatriated cash held abroad – state-run lender VTB for instance says its corporate deposits have swollen 20% in the past year and loan books have grown 13%.Receding default risk has helped the yield premia offered by Russian companies’ dollar bonds over US Treasuries to fall a massive 4% points this year, according to JPMorgan which runs the most widely used emerging debt indexes.Russian corporate bonds have returned 26% this year, more than double total returns on the CEMBI index, JPM said, predicting that low supply of new bonds and geopolitics will support gains into 2016.RATE CUTSThanks to the Rouble’s bounce from record lows and five interest rate cuts, Russia tops this year’s local emerging debt league tables with 20% returns, but similar gains can be expected in 2016, says JPMorgan which advises clients to hold more Russian debt than the country’s weight in the index.That view assumes inflation will slow, allowing more rate cuts. Reuters polls forecast end-2016 inflation at 8%, from about 13% now, while interest rates are seen dropping to 8% from 11%.”I like Russia for several reasons…first, rate cuts will lead to lower yields and second, we expect the Rouble to stabilise because of oil and greater engagement with the West,” said Marcelo Assalin, Head of Emerging Debt at NN Investment Partners, who has been raising allocation to Russian debt.Adjusted for inflation, Russian government spending should contract 5% next year after a 15% fall in 2015, savagely compressing price growth and making domestic debt a good structural trade, said David Hauner Head of EEMEA Debt and Strategy at Bank of America Merrill Lynch.”Our core view continues to be that Russian yields will come down very substantially…this is an economy which is very disinflationary in terms of trend with a very contractionary fiscal policy,” he said.It is harder to make a case for equities, given recession, weak commodities and the consumer demand squeeze. But Ken Lambden, Chief Investment Officer of Baring Asset Management sees opportunities in sectors such as internet and retail.last_img read more

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Indianorigin entrepreneur Ramesh Awtaneys iSON Technologies buys Dubai governments tech arm

first_imgiSON Technologies, subsidiary of Indian-entrepreneur Ramesh Awtaney’s iSON Group, has said that it has acquired Global Technology Services (GTS), the UAE-based IT outsourcing company belonging to Dubai government’s Emirates National Oil Company (ENOC).iSON Technologies will be acquiring GTS with the iSON Group’s co-investor, Dhabi One Investment Services, LLC in a deal whose value was not disclosed.Kenya-based iSON Group provides managed services, systems integration and BPO services in 29 countries spanning West Asia, Africa and Asean, reports ANI.”The GTS acquisition gives us an unparallelled and distinctive edge in existing and new geographies, and builds on the exceptional customer trust that iSON has earned through our experience of working with Fortune 50 IT companies especially in Africa and APAC,” Ramesh Awtaney, Founder and Chairman, iSON Group, said.”iSON’s core business is IT Services including mobile, in the Middle East and Africa, and this therefore is a solid, value enhancing match for GTS. With GTS’s third party business and the services provided to ENOC Group, ISON strengthens its capabilities to expand their service and client portfolio in the UAE and GCC,” ENOC’s Executive Director for Shared Services, Sina Khoory, said.The acquisition will give iSON access to Bahrain, Qatar, Saudi Arabia and Kuwait, besides the UAE.The UAE is the second-largest outsourcing industry in the Middle East and North Africa region, and Dubai accounts for about 90% of the total outsourcing business in the UAE.The global outsourcing industry is forecast to reach $497 billion by 2019, according to a report by Frost and Sullivan and Dubai Outsource Zone.last_img read more

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HC orders completion of Zia Orphanage case appeal arguments in 3 days

first_imgKhaleda ZiaExtending her bail until 8 October, the High Court (HC) on Wednesday directed the counsels of BNP chairperson Khaleda Zia to finish within the next three working days the arguments of hearing of an appeal filed by her seeking cancellation of her sentence in the Zia Orphanage Trust case.A bench of justice M Enayetur Rahim and justice Md Mostafizur Rahman passed the order as Khaleda’s lawyers sought time for taking part in the hearing, reports UNB.While passing the order, the court also expressed dissatisfaction as Khaleda’s lawyers have been escaping the appeal hearing and seeking bail extension again and again, said Anti-Corruption Commission (ACC) lawyer Khurshid Alam.There is a directive of the Appellate Division to dispose of the case within 31 October.On 8 February, the Dhaka Special Court-5 convicted the former prime minister and BNP chairperson and sentenced her to five years’ imprisonment in the Zia Orphanage Trust graft case.Since then, Khaleda Zia has been in Old Dhaka Central Jail at Nazimuddin Road.last_img read more

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20000 homeless after Mirpur slum fire

first_imgSlum dwellers are seen searching for their belongings from ashes after fire broke out on their shelters in Dhaka, Bangladesh, 17 August 2019. Photo: ReutersThere is nothing new in slum fire in Dhaka city. When it happens, it leaves thousands of people in deep despair. Over 20,000 slum dwellers turned paupers within hours in Friday night’s fast-moving fire in the city’s Mirpur area.“We’ve lost all that we had — fans, utensils, clothes and money whatever. We’ve been left with nothing,” said Khaleda Begum, a resident of the Chalantika Slum in Mirpur area.Almost all the shanties — around 3,000 in number — were gutted by the fire that was doused after six hours of frantic efforts.“I saw the fire erupting from a room owned by Farid and came out of the slum to save our lives leaving the belongings behind,” said a devastated Khaleda, 35, wife of rickshaw-puller Belal who used to live in a hut of the slum for Tk 2,700 per month.She said she could save nothing of her belongings as she was more concerned about the safety of life.Like Khaleda, all the inmates of the slum lost everything to the devastating fire that originated at a shanty around 7:22pm on Friday before being fully doused around 1:30am on Saturday.Slum dwellers claimed that the fire originated from a room owned by Farid, a dentist quack, who possessed eight rooms at the slum. However, authorities concerned were yet to confirm it.Minara Begum, 35, wife of Siddique Hossain, bought four rooms from Farid five months ago. She was living in two of those while the rest two were rented to others. “I saw flames flickering from a locked room owned by Farid and shouted for help.”The fire might have been originated from a gas cylinder or electrical short circuit, she said.Monwara Begum, wife of Iskander Shikder, who had been living in the slum for the last three decades, owned 12 rooms. She along with her five children and husband used to reside in two of them and rented 10 others out to others for Tk 1,000-Tk 2,000 each. “Everything I had got destroyed overnight,” she said.Rehana, 30, along with her husband Jewel and two sons — Shaheen, 10 and Sabbir, 7 — had been living in a room at Tk 2,000 per month. “I stormed out of the slum along with my two sons as soon as I noticed the blaze without thinking of saving the belongings,” she said.While inmates said there were some 3,000 shanties in the slum, local MP Elias Mollah put the figure at 20,000-25,000.The slum was established on around 25- 30 bighas of government wetland where the influential built houses on bamboo and wood pillars and rented those out to low-income people. The slum had narrow entrances on all four sides.Md Rezaul Karim, assistant director of Fire Service and Civil Defence, on Saturday morning said an investigation committee will be formed soon to find out the reason behind the fire.Dhaka North City Corporation (DNCC) mayor Atiqul Islam and local MP Elias Mollah visited the spot on Friday night.Talking to reporters at the spot, the mayor said shelter centres were opened at local schools for the victims while the city corporation would arrange food for them.According to the World Bank, Dhaka has got a population of over 18 million with some 3.5 million living in slums.last_img read more

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Theres a serial killer on the loose in Costa Rica and no

first_imgThe body of an 18-year-old woman found in an abandoned lot near the Children’s Museum in San José on Saturday could be the eighth murder attributed to a serial killer targeting impoverished women in Costa Rica’s capital, investigators say.According to Marco Monge, a spokesman for the Judicial Investigation Police (OIJ), the woman was found naked and an autopsy showed the cause of death to be asphyxiation. She has been identified as Franciny Bermúdez Romero.OIJ Deputy Director Luis Ángel Ávila told reporters from Repretel TV on Monday that Bermúdez’s murder is believed to be connected to a possible serial killer suspected in the murders of seven other women, mostly south of the capital in the districts of Hatillo and San Sebastián.Ávila previously told The Tico Times that each of the victims was poor, from broken families or homeless, making it difficult for investigators to narrow down leads toward a suspect. Many of the women, he said, were prostitutes and had drugs in their system upon post-mortem examination. Some of the bodies also showed evidence of sexual assault, he said.“These are people who have invariably been away from their homes for quite some time,” Ávila told The Tico Times. “The families don’t know where they are so it’s been hard to find a continuous pattern like who they were hanging out with.”Police arrested a suspect on Aug. 12 in relation to the murders, but that man has since been released from custody, although they say he remains under investigation for a separate rape case. The arrest that day was upstaged by national (and international) news coverage of the public meltdown in Panama by the then-coach of Costa Rica’s men’s national football team, Paulo Wanchope.Then things went quiet. Last Saturday was the first time in a month that a body believed to be connected to the suspected killer has appeared. The first reported murder tied to the case happened in April, and three of the eight victims remain unidentified.Alejandra Mora Mora, president of the National Institute for Women, said in a statement that the clear targeting of women should be of greater concern to people in the capital. She called the murders a “crisis of gender violence.”She said the general population seemed unconcerned about the deaths because the victims were prostitutes or drug addicts, and viewed as “dispensable bodies.”“We must not have an indifferent reaction towards these deaths,” Mora said. “Silence justifies a perception of social cleansing, or in this case, of gender cleansing if people remain focused on the double standard that condemns prostitution, saying these are bad women and that their physical disappearances could clean up a society.”Ávila said that local law enforcement has not seen a case similar to this one in the past 15 to 20 years. He admitted this could be Costa Rica’s most prominent serial killer suspect since “El Psicópata” (“The Psychopath”), who is suspected of killing at least 19 people from 1986 to 1996. No one was ever charged with the murders. Facebook Comments Related posts:Costa Rica police struggle to track down suspected serial killer Nine victims now believed to be linked to San José serial killer Suspected Costa Rica serial killer tied by DNA to 3 victims, say prosecutors Police detain suspect in Hatillo serial killer caselast_img read more

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Ondemand TV service Wuaki has changed its name to

first_imgOn-demand TV service Wuaki has changed its name to Rakuten.tv, following a global rebranding exercise by its parent company, and, according to Spanish press, has set a goal of doubling its subscriber base over the next two years. Rakuten.tv is currently available in a dozen European markets. Wuaki, originally a Spanish on-demand outfit, was acquired by the Japanese e-commerce giant Rakuten in 2012.The company last week kicked off a four-year, €250 million deal with FC Barcelona whereby it will be the club’s global sponsorship partner. The deal, originally agreed in October, is designed to raise the profile of the Rakuten brand in Europe.Rakuten.tv currently has about five million registered users in Europe, of which about 40% are in Spain.Wuaki/Rakuten.tv CEO Jacinto Roca told Spanish press that the company would focus its activity on movies, and said that he hoped to be able to reduce the window in which movies became available on VOD from three months to one month.Rakuten.tv will also invest in producing its own movies, with the aim of distributing them across the countries in which it is present. Roca was quoted by Spanish business title Expansión as saying that the first title would be announced in the final quarter of this year.last_img read more

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I should be making 80000 per year I had arr

first_img“I should be making $80,000 per year.” I had arrived early at the local middle school for our weekly pickup basketball game, and was casually shooting baskets and chatting with the only other early bird, a youthful Vermont State Trooper. “But when I finished the academy, New York had a hiring freeze, so I came to Vermont to get a job. Vermont only pays me $70,000”, he said. I found it curious that he would share such private information, since we had just met five minutes ago. But my thoughts quickly turned to his earnings. Earlier in our conversation, he had said he’d only been a cop for two years and went to the academy straight from college. That, along with his boyish appearance, suggested that he was no older than 25. Given that Vermont is the second-safest state in the country, and the sleepy ski town in which I reside is probably the safest place in Vermont, I wondered why this real-life Super Trooper earned so much. Then again, maybe I was just naïve. Perhaps he strapped on a bulletproof vest every morning and went to battle with the hidden criminal underbelly of Northern Vermont. Maybe the reason I’d never heard of anything remotely resembling a real crime up here was because he and his cohorts were doing such a good job preventing it. “So what do you do… you know, on a day-to-day basis?” I asked. “Mostly patrol the highway and make rounds,” he replied. “There’s a lot of paperwork, too. Once in a while I get a call about a crime, usually up in Whoville.” [name changed] His reply solidified my view that $70k is an unreasonable salary for a 25-year-old Vermont police officer. But I certainly don’t blame my new hoops companion for seeking out the best pay he can get; that’s only human nature. It’s not his fault that around these parts, one of the best ways to make a good living at a young age is to become a police officer. He followed the incentives. No Respect I recalled our encounter when I came across this survey that polls Americans on which professions they most respect. “Police Officer” is near the top, along with firefighter, doctor, teacher, and a few others. Financial and business occupations—accountant, stockbroker, banker, business executive—garner little respect. But most notable is a profession that’s missing altogether: entrepreneur. To me, that’s a travesty. More than any other occupation, entrepreneurs deserve thanks for civilization’s progress. For every product or service you use, an entrepreneur took a personal risk to turn his or her vision into reality. An entrepreneur is the reason you’re sitting in a comfy chair right now… the reason you have a computer… the reason this missive traveled thousands of miles through the air, to your computer, for free. So where’s the love? As you’ve surely gathered, this week’s feature is about entrepreneurship—specifically the lessons one serial entrepreneur has learned throughout his varied career. You probably know the author, Jeff Tucker, as architect of the mises.org website. He’s also built a successful online venture called Laissez Faire Books and is in the midst of starting up another venture, Liberty.me, which you can read more about below. I suspect those among you who have worked for a startup—or aspire to create something of your own someday—will appreciate his insight the most. And if you love entrepreneurs as much as I do, check out Doug Casey’s brand-new book, Right on the Money. Doug is the quintessential entrepreneur—he’s blazed his own path to become one of the most successful contrarian investors in history. Right on the Money focuses on the investing knowledge he’s accumulated over the years, along with his unique and insightful take on many other topics. One of my favorite chapters is Chapter 16: Doug Casey on Cattle, where he describes several lessons he’s learned from cows, from losing a boatload of money by being long cattle on Black Friday to building a profitable cattle ranch himself. Click here to order Right on the Money. Dan Steinhart Managing Editor of The Casey Report 10 Lessons for Aspiring Entrepreneurs By Jeffrey Tucker, CEO, Liberty.me One of my favorite web spaces is meetinnovators.com. It interviews startup entrepreneurs, people who created something new and made it successful. Through casual conversation, it investigates their thinking, mode of working, trials and tribulations, breakthroughs, and visions of the future. Just hearing these people talk gives you a real lift. Major media don’t usually cover this world, which is strange because the technologies we use and the businesses we trade with define a major part of our lives. The trouble is that most people just take it all for granted. “Of course there’s an upgrade.” “Of course there’s an app.” “Of course I can make a video call from a wireless device to a person on the other side of the world for free!” I recently caught up with an old history professor, and it would have made sense to talk about big ideas (about which we both really care). But actually, and very quickly, we gravitated to more interesting stuff. We talked about technologies: operating systems, smartphones, cloud vs. local software, servers and databases, tablets and laptops, moving on to social networks, email clients, download sites, and, of course, games! This prattle had us engaged for an entire hour, and then I had to leave. I wonder if it occurred to this man, whom I recall as ideologically uninterested in economics, much less free enterprise, that all the stuff we talked about are benevolent gifts to us resulting from capitalist acts? People love talking technology these days. And we should similarly love the world of commerce for giving technology to us through entrepreneurial drive and innovation. It does so much to better our lives. Commerce is ultimately responsible for the dramatic increases in global living standards since the world opened up after 1989. Startup entrepreneurs deserve much of that credit. They are not only the creators of new products and services, things that improve our lives at the margin every day. They are also the major driving force of new jobs in a market environment that is otherwise rather stagnant. Comparing startup culture to politics is a study of opposites. In politics, people promise things (“Healthcare for everyone!” “A world without immorality!”) and just hope that constituents will believe that pulling a lever will bring change. It never happens, but it doesn’t matter, because there is no real test, no real accountability. Politics lives on tricks coming and going. In enterprise, you have this test—both an inspiring North Star and a wicked crucible. It’s called profit and loss. Every day a business must face that test. To make it, you need to persuade people that you have something or can do something sufficiently valuable for your customer to surrender real property in exchange for your product. You must get more back in property than you surrender to make whatever you’re selling. One dollar over costs and you are growing. One dollar under costs and you are sinking. The balance sheet rules the day and determines winners and losers. Politicians and bureaucrats never face such a reality check. In this sense, they are completely unhinged from reality. Their revenue is ensured, and their jobs are based not on sales but manipulation and position. Listening to all these interviews with techy entrepreneurs, I’m reminded of a series of books I read a few years ago about Gilded Age entrepreneurs. It was a different time and they had different tools—and they had far fewer struggles with government than we have today—but the motivations, methods, and impulses are the same. Here is a list of 10 features of enterprise that entrepreneurs exhibit or discover in the course of their great adventures. 1. Business starts with the desire to do something wonderful, not just to make money. This seems to be a universal trait. But it flies in the face of nearly all propaganda you hear about capitalism, which is supposed to be based on greed and material acquisition. Actually it is rooted in the desire to make the world a better place, and you can tell it in the voices of these achievers. Profits are the sign and the seal of a job well done, but not the driving motivation. The dream is what entrepreneurs chase. 2. Most people will tell you a million reasons why you will fail. Before jumping in to make a business, these people will typically survey their friends. Their friends always warn against it. No one will want that product. Someone already offers that product. That’s way too risky and it won’t work. Why not get a regular job like everyone else? Finally, the person realizes that he or she has to go it alone. 3. All businesses face the universal terror of uncertainty of the future. The only certainty we have is in looking back at history, at the stuff that already unfolded. What tomorrow will bring is guesswork. You can get close. You can make forecasts. But in the end, humanity is fickle and unpredictable. And by the way, every single business faces the same ghastly reality of uncertainty. They are all rock climbing with blindfolds on, feeling their way up as they go. 4. You can’t really know the market until you test the market. Of course you do market surveys. You ask friends. You look for other examples of success. You follow your own instincts. But surveys, examples, and instincts can’t substitute for the live test in which you are asking people to give up their stuff for your stuff. Every success seems like a no-brainer in retrospect (“Of course people want to buy books online”), but this is wholly illusory. You never really know until you try. 5. All entrepreneurs are maniacally focused on serving others. This also contradicts the conventional wisdom that business is mainly self-interested. That cannot be true because the whole impetus of business is to seek out the interests, desires, and motivations of others. It’s the only way to discern the path to success. The consumer is king, and the entrepreneur serves. 6. Every business needs dreamers and accountants. The dreamers are the people who imagine a future that doesn’t yet exist, a configuration of the world that is different from today. They take nothing and make something of it. That requires a wild imagination. But more is needed to make any project work. Your balance sheet, along with someone who can skillfully manage and interpret it, is essential. The accountant is always the one with the bad news. 7. Don’t try to start from scratch. One of many benevolent gifts of capitalism is that it offers us examples of success. These examples are publicly available to be studied and understood. The best entrepreneurs know how to copy success and then improve the model on the margin, just enough to cause a switch in consumer loyalty or recruit new consumers. You can’t be shy about this. Great business people “steal” ideas; ideas are part of the commons. 8. No matter how digital the service or product is, success comes only peer-to-peer. Internet successes do not think of their customers as nodes but as people who need love and care. Nor are customers cash cows; they are real people with real needs and must be treated as such. All appeals are personal appeals. All marketing speaks to individuals. 9. Enterprise is an incredible amount of grueling work. To be an entrepreneur means to be all in. There is no time off. Nothing takes priority, especially in the start-up period. You need fanaticism, a near-maniacal devotion to making sure that all that can go right will go right. Nothing is assumed, ever. These people know that their odds are never in their favor. So they must apply themselves as never before. 10. You never finally win. Enterprise is not like a board game with a beginning and an end. Every day the struggle starts anew. Every season might be your last. And it gets ever harder because the more you succeed, the more people will copy you. They let you do the test run, then copy your methods, tweaking them to enhance efficiency or reduce costs. There is no “final release” in business—not in any business that plans to stay alive. These points are coming home to me now, having been at work on a new business venture for the past several months. The business is Liberty.Me, a complete social and publishing solution for liberty-minded individuals. The whole focus is to provide a positive, solutions-based information and communication service for living a freer life. I see a burning need here to use every bit of advanced technology to do something wonderful for a cause I believe in. Yes, I’m sure it will be marvelous. But as a commercial service, there will be a test. It’s both thrilling and terrifying. An idea is facing the crucible. As someone told me recently, you will soon be a fool or a genius. You wonder why prosperity is such a rare feature in the history of the world? It’s because merchantcraft is rarer still, attacked often and avoided by all but the craziest people in our midst—the entrepreneurs who dream and work and face the crucible of profit and loss—to bring us what we love.last_img read more

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Hospital Insurance 2030

first_img Hospital Insurance 2030 Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020–2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. And he claims that gold bugs are wrong about gold’s future price because they don’t understand how markets work. Central bank stimulus has created a whole new set of financial asset bubbles that will have to burst. That is its consequences, not rising inflation that most gold bugs (who do understand the financial and debt crisis) warn about. As a gold analyst who’s spent every day of the last seven-plus years watching this market, I can’t let this pass. I’m sure gold will not fall to $700, much less $250-$400—not in real terms (who knows if the US dollar will even exist in 2020?… Or maybe there will be new dollars with several zeros cut off). Is this just because I’m a stubborn gold bug? No, because I agree that we’re seeing some deflation, too. But I definitely think some type of crisis is headed our way, and gold does well in crises—even deflationary ones. Is it perhaps because I don’t like Mr. Dent? Not at all—at my suggestion, he was a speaker at one of our Summits. Quite simply, I think Harry Dent is resoundingly wrong. And I’m so sure he’s wrong that this is a public invitation to him to enter a wager with me and put his money where his mouth is, which I’ll detail momentarily. Why Harry Dent Is Wrong There are a number of reasons why I think Mr. Dent will be wrong about the future gold price… 1. Deflation does not guarantee lower gold. It’s true that some significant deflationary forces have developed. Check out what’s occurred since early November. The 10-year Treasury fell to a paltry 1.7% yield. July to December, 2008; Other European countries have seen a spike in gold demand due to the massive QE effort undertaken by the ECB and the anti-bailout party winning in Greece. German coin dealer Degussa reported a 35% year-on-year increase in gold coin sales in January. The Austrian Mint said sales of Vienna Philharmonic gold coins rose 6% last month. So the investor who’s convinced deflation is coming shouldn’t overlook the fact that other factors can lead investors to buy gold. Keep in mind that most true deflations cause a crisis—or are caused by a crisis—and for thousands of years, crises have pushed people into gold. Consider how gold has performed during high periods of crisis and fear as measured by the VIX. Pension Benefit Corp 2024 According to the Financial Times, there is now $3.6 trillion of government debt around the world with negative interest rates. Two-year government bonds are negative in Germany, Finland, Austria, Denmark, France, Holland, Belgium, Slovakia, Sweden, and Japan. These are all serious deflationary trends. But what has gold done during that period? It is up 7.5%. Even gold’s negative correlation with the dollar has bucked its trend. The Baltic Dry Index, generally regarded as the best known global shipping index, is now at its lowest level ever. *Returns exclude dividends Dome Mines $6 $39.50 558% Commodity indexes have fallen by over a third. Highway Trust Fund 2016 During these eight periods of high systemic risk, gold rose every time but one—and stock markets fell in all of them. This doesn’t mean the price couldn’t decline in the initial phases of a crisis, but it does show that gold is strong when fear is high. 2. True deflation will lead to higher inflation. If we do get massive deflation, it will actually spur greater inflation. Why? Here’s a hint… An emergency meeting was held just last week regarding the solvency of the Disability Trust Fund. The problem is that benefits have exceeded tax receipts for several years now, and the shortfall has reached roughly 35%. The government itself has said the fund will officially go bankrupt next year. It’s not the only one. Old Age Insurance 2034 Since the turn of the century, gold and the DXY index have both finished higher year over year five times—in 2001, 2005, 2008, 2010, and 2011. So why has gold risen during some of the most ominous deflationary trends we’ve seen in a long time? Because what has been supportive for the dollar has also been good for gold. In other words, gold is not just about inflation vs. deflation. Nor is it about the USD vs. the euro or even supply vs. demand. It’s about fear and chaos vs. confidence and stability. Here are some recent examples of people buying gold for reasons other than inflation: Greek demand for gold coins from the UK Royal Mint has risen as a result of the country’s political and financial turmoil. They’re buying because, as Matthew Turner of Macquarie Bank put it, “The one thing everyone knows about gold is it is a good thing to hold if your currency is about to devalue.”center_img The oil price dropped to $50. Homestake Mining $65 $373 474% This dollar/gold relationship has broken down other times, too. According to the Wall Street Journal: From January 11 to June 10, 2010, the DXY (US Dollar Index) rose almost 16%—but gold climbed nearly 12%. January retail sales recorded the worst back-to-back decline since October 2009. And did you know that Social Security took in $752 billion in 2013, but paid out $822 billion in benefits? It and Medicare are clearly on an unsustainable path, too. Yes, this is all deflationary. But here’s the question: how will the Fed and politicians respond? They might reduce or delay benefits and raise taxes, but those are politically costly moves, and some officials have already publicly stated that they will print what they don’t collect in revenue. Printing money is extremely inflationary, especially when you’ve already more than tripled the monetary base since 2008. Frankly, doing more of the same scares me, because someday all this monetary dilution will come home to roost. We face the very real possibility that the US currency will not just be damaged; it could be destroyed. History is very clear on this point: currency crises lead to flights to gold. But if Deflation Wins First… But what happens to gold if we first go through a deflationary bust? There aren’t a lot of modern-day examples of deflation. The Consumer Price Index (CPI), as faulty as it may be, has registered only four declines since 2000, and all were short-lived. The CPI fell: August to October, 2006; March and April, 2009; and Company Stock Price 1929 Stock Price 1933 Total Gain* During a period of soup lines, crashing stock markets, and falling standards of living, investors fled to the only gold with liquidity they could own at the time. Gold’s status as a safe-haven asset during one of the greatest times of economic distress was demonstrated clearly by investors buying the stocks. So while we don’t know exactly what an untethered gold price would have done during the Depression, history says it will retain its purchasing power in a deflationary setting regardless of its nominal price. In other words, while the price of gold might not rise or could even fall, it would still provide monetary protection against an unstable economic environment, especially when you consider that most other assets would be in decline. All this said, the overriding concern is that in a fiat system—like the one the entire globe uses today—any deflation will be met with an inflationary overreaction by central bankers. And the worse the deflation, the more extreme the overreaction will be. As we’ve pointed out before, inflation will win in the end because it always gets another turn. Think about it: for central banks to be “successful” with their measures, the end result must be inflation. Someday soon they’ll get what they want. And when it shows up, the delayed effects of all the money created to that date will start to take hold, meaning there won’t be “just a little” inflation. Gold will soar in that environment, not fall. Of course, it doesn’t have to be an either/or thing. We can have both inflation and deflation, AKA stagflation, like we had in the late 1970s/early 1980s. That’s still good for gold. 3. Gold is already at its cost of production. Another reason I’m sure Mr. Dent will be wrong is that $700 is about $400 below the current global average cost of gold production. Even at $1,100 gold, roughly half of the primary gold producers lose money. The reason is because the World Gold Council’s all-in sustaining cost metric excludes taxes and interest payments (among other items). Adding those in pushes many companies into the red when gold averages $1,100. A $700 gold price would be 36% below the current cost of production. That (much less a $250 or $400 price) would kill the industry. But the sector won’t shut down, because the world needs and wants gold. The Bottom Line The basis of my argument is that there is no free lunch from the free-for-all actions central bankers have engaged in since 2008. Inevitably, the future purchasing power of our fiat money will be impacted. I thus think some kind of currency crisis hits in the future, perhaps sooner than skeptics like Harry Dent can imagine. There are many examples of what happens to gold during a currency crisis. Last year provided another glaring example. Russia’s inflation rate was 11.4% in 2014, and the ruble fell a staggering 46.5%—but gold in rubles rose 73%. In other words, Russians gained more with gold than they lost in ruble purchasing power. This didn’t occur just in conflict-ridden Russia. The price of gold rose against all currencies in 2014—except the US dollar. Gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won. As Eric Sprott put it, “Last year, 84% of the world’s population would have made money owning gold because of various currency moves—even though gold in US dollars was down approximately 1%.” We should expect the same reaction with gold in our currency when the odoriferous effluvia hits the fan. Gold is not really a commodity or even an investment; it is an alternate currency and a store of value. And if ever there was a period in history for it to be sought as a store of value, the next few years will be among the most acute. Both gold and the US dollar have been pursued during the recent times of distress—but the dollar as a “safe haven” is at high risk. It may rise further yet, but it’s far from healthy; the US is the largest debtor nation in the history of mankind. There are more reasons—I’m sure you can think of others yourself—but let’s get to the wager. The Bet Mr. Dent, I will bet you an ounce of gold that the gold price never falls to US$700, including intraday, for even one second, within the next two years, based on Comex pricing. You stated in January 2014 that “$700 is a certainty by 2015 to 2016,” so I’m giving your forecast even longer to work than you originally projected. We’ll each store a one-ounce gold Eagle with an independent third party, who will pay the two ounces to the winner the day the bet is concluded, which is two years from today, February 16, 2017. If gold touches US$700 at any point in that time frame, you win. If, however, gold never reaches $700, this lunatic gold bug who doesn’t understand how financial and debt crises works wins the bet and takes your ounce of gold. I hope you’ll take me up on the bet, because that’s about the time my son will finish his PhD program, and an ounce of gold will make a nice graduation present for him. It will also reinforce the ideas he’s formed on his own about money, as well as the fact that his dad is a stud. I do have to give you fair warning, though: I’m so confident that I’ve already identified a third party, and I will give you its mailing address once you shake my digital hand. Mr. Dent, do you really think gold will fall to $700? A gold Eagle says you’re wrong. I await your reply… I’m not just going to win this bet, but I’ll win big with my equity investments, because gold stocks will deliver the leverage to gold that they have many times in the past, especially since they’ll rise from depressed levels. I plan to make a killing on some special situations—and I have one right now: a new recommendation in the current issue of BIG GOLD. It’s one that tripled my money in the last bull cycle and will do it again in the next one. Easy money will be made if you buy now, and our brand-new recommendation is available with a risk-free trial to BIG GOLD. After the Swiss central bank introduced a 0.75% negative interest rate on some deposits last month, investors bought more gold in lieu of holding Swiss franc cash deposits, according Vontobel Holding AG, a Swiss bank and wealth manager. “We keep noticing that gold is coming back into favor with investors,” said CEO Zeno Staub. December, 2014. That’s it. You can find other fleeting periods further back, but nothing long enough to draw any strong conclusions. The only example we have of true deflation is the Great Depression. You’ll recall that the United States was on a gold standard at the time. But there’s still a lesson to be learned. First, on April 5, 1933, President Roosevelt issued an executive order forcing delivery (confiscation) of gold owned by private citizens to the government in exchange for compensation at the fixed price of $20.67/oz. Less than nine months later, he raised the gold price to $35, effectively diluting the dollar in every wallet 41% overnight and swindling everyone who had turned in gold. So even in the midst of one of the biggest deflations the world has ever seen, the US government raised the gold price. Second, the only way citizens could effectively own gold after Roosevelt’s confiscation was to buy gold stocks. How did they perform? Well, when the stock market crashed in 1929, gold stocks were part of the general wreckage. The market then rallied and recovered almost 50% of its losses by April 1930, with gold shares again tagging along. It’s what happened next that gives us another clue about gold and deflation… When the bear market resumed in the summer of 1930, all securities sold off again—except gold stocks. Gold shares stayed basically flat until early 1931, when their appeal to the masses kicked into high gear. Look at how shares of Homestake Mining, the largest gold miner in the US at the time, and Dome Mines, Canada’s senior producer, performed during the Great Depression. Disability Trust Fund 2016 Projected Government Bankruptcieslast_img read more

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Leyla Hussein had mixed feelings when she found ou

first_imgLeyla Hussein had mixed feelings when she found out that Queen Elizabeth II was naming her an Officer of the Order of the British Empire for her work to eliminate female genital mutilation.”I had to think hard about whether to accept,” she says, citing the British history of colonialism. But in the end, proud of being British and living in a country that took in her parents as refugees from Somalia, she accepted the honor, along with fellow activist Nimco Ali.As young girls, both Hussein and Ali underwent female genital mutilation, or FGM, the practice of cutting a young girl’s genitals, typically as a coming-of-age ritual. Across the world, an estimated 200 million women have undergone FGM.The two women and Sainab Abdi are co-founders of Daughters of Eve, a British nonprofit that “recognizes FGM as gender-based violence,” provides services to victims of FGM and lobbies the government to end the practice in the U.K. and beyond. Based in part on their efforts, last November the U.K. pledged £50 million to help eliminate FGM across Africa. Last weekend, the queen recognized Ali and Hussein at her annual Birthday Honours Ceremony with the OBE award, presented to individuals who have made contributions to arts and sciences or had distinguished careers in public service or charitable organizations.NPR, which has interviewed Hussein and Ali in the past, caught up with the two women to find out about their recent work, what this award means to them and what still needs to be done to stop the practice of FGM.The interviews have been edited for length and clarity.Congratulations on the award! How did it feel to receive this honor from the queen? Hussein: To be honest, I’m not the biggest royal fan. I had to put up a statement to be clear I wasn’t. [But] a group of people discussing FGM in a room is always a plus.Me and Nimco have opposite feelings about it, because she is supportive of the royals and the current government, and I’m critical of the current government. At the same time, this is a democratic country. [Even though] I have an opposing feeling about the current government, I can still be recognized. Colleagues around the world who said anything against the government, their lives would be in danger, it would be catastrophic. My country can still recognize my efforts, which is great.Ali: It was incredibly humbling. I ended up getting the letter the day before I had to reply. It came to my brother’s house, he said, “oh there’s a letter from the queen and it says you have to reply by Monday morning!” I had to take a picture and email it to them (laughs).There are other women tackling FGM that have been awarded before us. [The award] just gives more visibility to the campaign, and ultimately it’s raising the conversation, saying we’ve achieved a lot.We have to raise the bar in the U.K., and we know we need to end FGM, but now we can say, these are the successes we’ve had.What are some of those successes?Ali: From a U.K. perspective, there has been incredible legislative change. We lobbied parliament to add FGM to the Children Act, [which criminalizes violence against children]. Now, British girls have more rigorous protection than they ever had. If a child is at risk of FGM, the state can step in and be their guardian.Hussein: We are talking about it, so that’s a big progress. But we’ve got a lot of work to do. Until there are convictions for FGM practitioners under the U.K.’s child abuse laws], I won’t see any progress.We’re certainly better than we were ten years ago; it’s important to remember the women before us, who took more backlash than we did. But I’ve been coming out of a 48-hour online trolling because of my OBE [award]. I think someone’s gonna physically harm me, they’re threatening to rape and kill me or hurt my child. I have a panic alarm in the house. It’s crazy. People need to realize we’re taking a huge risk when we do this. It’s scary. I’ve been taking snapshots of messages all day that I send to police. I have a police officer I work with directly, and that shouldn’t be the case.What are some of the biggest misconceptions about FGM?Hussein: People keep calling it ritual or cultural practice, which minimizes what it actually is. There’s nothing ritual about violating children.And it’s not [just] an Africa or Asia issue. I was in the U.S. and met white women from Kentucky who’ve had FGM done. Their parents were conservative Christians working in Guinea and thought it would be a great idea to have them mutilated. The idea of controlling women is where it comes from. It’s important to see this as the bigger problem it is.To any white American, anyone who might not feel connected to this subject, I would say: If you’re someone who understands that women all over the world are oppressed, this is no different.Some Kenyan groups, like Maasai Sisters, are going to dramatic lengths to protect girls from FGM — like taking them out of their homes and placing them in school. What do you think of these kinds of efforts? Ali: A lot of the [best] work is coming from grassroots activists, women who are survivors of FGM themselves. In Somaliland, [where I’m from], we’ve been lobbying our president to get legislation, opening up conversation around an issue that’s so taboo. Change is possible but not inevitable. To get change to happen, it should be led by women survivors.Every country has its own ways of working. The idea that every FGM-affected community needs the same mechanisms — that’s what NGOs think — is a fallacy.In the Gambia, there’s an incredible woman named Jaha Dukureh, she’s a Gambian-American [who] ended up chasing down the president to pass legislation against FGM. Soon, she’s holding a summit in Senegal that’s the first survivor-led conference on the issue. Women in Africa are taking charge, and I think we have a duty to deliver the support they need to end FGM in their own community.Susie Neilson is an intern on NPR’s Science Desk. Find her on Twitter at @susieneilson. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

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Is Alaska Poised to Be the Best State for Pot

first_img Next Article Is Alaska Poised to Be the Best State for Pot? 6 min read Andre Bourque Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. –shares Download Our iOS App Image credit: PromesaArtStudio | Getty Images Guest Writer Add to Queue Free Green Entrepreneur App Cannabis Journalist | Tech Evangelist Covering High Growth Trends June 14, 2017 The marijuana market has been volatile since the elections of November 2016. Enthusiasm greeted passage of state laws that liberalized and/or decriminalized possession and use for medical or recreational purposes. Confusion over administrative delays threatens to stifle the realization of many of these laws.Alaska provides a study in the confusion. It leads some to wonder: Is Alaska poised to be the best state for pot? If this handy tourist guide to enjoying Alaska’s now-relaxed cannabis laws is any indication it very well may be.Related: Science and FDA Say Cannabis Is Medicine but DEA Insists It Isn’tWell now isn’t that a fancy little fence they made there. As if. #akcannaco #hempcoak #chillalaska #alaska #cannabis pic.twitter.com/Y3yhQ3vcWQ— akcannaco (@akcannaco) June 3, 2017Where the cannabis culture finds itself.February 17, 2017 saw the formation of the Congressional Cannabis Caucus. Rep. Dana Rohrabacher (R-CA) of California asserted at a press conference, “We’re stepping forward together to say we’ve got to make major changes in our country’s attitude toward cannabis… And if we do, many people are going to live better lives, it’s going to be better for our country, better for people, and it makes economic sense at a time when every penny must count for government.”Rep. Don Young (R-AK) added, “my goal is to make sure that if I’m in the business, like we have quite a few in Alaska now, as they do this business, they can run it as a business… Get loans from banks, and put the revenue back into the banks, as every other business does.”Rep. Rohrabacher has also introduced a Federal Marijuana Policy that should serve to protect people from having marijuana-related prosecutions under the Controlled Substances Act. That is assuming that these people were acting in compliance with all state laws.Related: Congressional Cannabis Caucus Unites to Protect Marijuana IndustryWhere Alaskans find themselves.The Supreme Court of Alaska ruled 40 years ago that the Alaskan Constitution protected marijuana possession and use under the right to privacy, but the state found itself back and forth on the issue for three decades. It was not until a 2014 election that the court ruling was written into law. Alaskan voters approved the law by a margin of 53 percent to 47 percent, with the law taking effect February 25th, 2015.That 47 percent represents a still-strong conservative constituency that some fear will repudiate the law or interfere with its execution and administration. For instance, Alaska’s Marijuana Control Board (MCB) struggles to deliver the law’s intent. Cynthia Franklin, former board director and a former prosecutor, admits, “We are struggling… I’ve tried a death penalty capital murder [case] and this is harder than that.”Absent clarity on what is legal and what is not, law enforcement appears to lay off prosecution. In 2014, Matt Ferner, writing for Huffington Post, predicted, “By 2020, Alaska’s legal retail marijuana market would grow to approximately 13 metric tons, adding $23 million in taxes to state coffers, according to the report. First-year legal sales are projected at $55 million, reaching $106 million by 2020.”But, it doesn’t look like that will happen at the pace predicted. Without clarification in the law and administrative guidance, the state’s share of revenue isn’t likely to improve soon. Alaskan habits are likely to stay the same as they’ve been. In other words, people will grow for their own use and buy in a still thriving black market.Related: Here’s Where Colorado Spends Its Skyrocketing Pot Tax RevenueThe smoking lounge issue.Brothers James and Giono Barrett have thrown a new hat in the ring. They want customers at their retail store to have the freedom to smoke while on the premises. The idea is to create smoking lounges in already legal retail dispensaries where smokers could purchase, light up and sit back.If the Alaska MCB approves their idea, problems would have to be worked out regarding security, ventilation and layout. The Barretts and other advocates envisioned “Green Zones” in port cities where tourist ships dock. Those tourists include weed connoisseurs looking to try some of Alaska’s local strains.However, a February 2, 2017 decision by the Alaska MCB vetoed the idea in a 3 to 2 vote. The report in Chron.com said Board Member Mark Springer feared raising a red flag before the Trump administration. Loren Jones claimed he was representing the concerns of his constituents. Finally, Sara Chambers of Alaska’s Alcohol and Marijuana Control Office pointed out that the public notice had not been prepared correctly.Related: How to Grow a Cannabis Farming Business in the Blazing Marijuana Economy The “sit back and enjoy” conclusion.Alaskans are a hearty bunch. Strongly independent, they favor conservative politics of the Libertarian sort. They don’t stand for federal intervention. They stay inclined to do things their own way.You can assume that part of the apparent conservative position on the November 2016 proposition was attached to the Trump vote. And, the average Alaskan would stick with their Constriction’s protection of privacy rights.At the same time, they aren’t likely to flaunt their individuality or make it the center of attention. Having passed the new law, they will let the administrative wheels turn. For the time being at least, there isn’t a rush to open pot cafes.When the stores open and the taxes roll into Juneau, specific marketing suggestions like licensing cannabis tours and permitting on-site consumption will carry more weight. For example, the potential for income from cruise ship tourists will swing some votes.If Alaska is poised to be the best state for good pot, the smoking lounges could change the game. Putting Alaska on the map for cannabis tours and marijuana stops makes a lot of economic sense, but Alaskans must determine if that’s the image they want to create and share. Cannabis Opinions expressed by Entrepreneur contributors are their own. The tourism industry sure hopes so but Alaska shows how difficult is the transition from illegal to legal, even with voter approval.last_img read more

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CBD Is Taking the Cannabis Industry Mainstream

first_img It’s hard to imagine that just a few years ago, no one outside of the hard-core cannabis community knew about CBD. Today, it’s the one of hottest health products on the market. In 2018, sales of CBD hit nearly $600 million, and they’re projected to grow to $22 billion in just a few years more.CBD, or cannabidiol oil, is the nonpsychoactive chemical in cannabis plants. CBD won’t get you high, unlike its cousin, tetrahydrocannabinol (THC). That’s important because it means CBD has been granted some privileges at the federal level refused so far to THC.The most important of those was passage of the 2018 Farm Bill, which decriminalized the agricultural production of hemp, one of the main sources of CBD. Just a few months before that, the U.S. Food & Drug Administration approved Epidiolex, the first CBD-based drug, for the treatment of seizures. That in turn led to the Drug Enforcement Administration moving CBD to the Schedule V drug list, making it the same as cough syrup and antidiarrhea medicine, rather than heroin and methamphetamines as it was previously under the Schedule I category.Related: These 6 Coffee Marketing Tricks Are a Perfect Blend for Your Cannabis BrandAll these shifts basically make CBD the Trojan horse of cannabis – meaning, CBD is welcomed in places THC can’t go, like the Estee Lauder’s Origins makeup line, Amazon’s warehouses and the aisles of Petco. In fact, CBD products can be sold even in states where THC-laden cannabis remains under prohibition. Companies will be able to establish relationships with retailers, build brand awareness with consumers and be ready to add THC to their product lineup when it eventually becomes legal at the federal level.The first step to creating a brand is making sure your product finds its audience. But that’s hard to do when your product is illegal in some (or all) forms in different parts of the country. Witness the recent controversy over Acreage Holdings’ attempt to buy a Super Bowl ad featuring people who had been helped by cannabis. If you can’t advertise on TV (or in print or online in some places) it’s incredibly challenging to build a brand. People who want to know more about cannabis have to seek out dispensaries, if they’re even available in that state, and educate themselves about different brands.CBD is finding ways around those problems. Tilray Inc. recently signed a $100 million deal with Authentic Brands, whose portfolio includes Juicy Couture, Nine West and Jones New York, to develop and distribute cannabis products. Initially, that will mean CBD items such as foot creams and mints in retail stores and malls across the country. Eventually, it could mean those same brands expand into THC products. Companies like Constellation Brands, makers of Corona beer, and tobacco giant Altria are also getting into the CBD game with billion-dollar investments.Related: 5 New Cannabis Trends You Need to KnowDeals like these are helping CBD producers build the necessary infrastructure, such as sales and distribution networks, which can be exploited for products that contain THC once it’s legal at the federal level. The same is true of production and retail spaces, which can even be built in places where cannabis is illegal, then repurposed once prohibition is lifted.CBD also is leading the way in breaking down any remaining stigma associated with cannabis in the mind of the general public. As more and more CBD products find their way to shelves across the country, mainstream consumers are gaining a greater familiarity with CBD and its properties and uses. That growing ease with cannabidiol oil is leading to a rethinking of cannabis itself. It’s evolving from a slightly shady recreational drug to a useful lifestyle product and superfood that relieves pain, fights inflammation and lessens the effects of cancer treatments. Ultimately, as the last of the stigma fades away, more consumers will enter the market, and having become experienced users of CBD, it will be easy to expand their palate to include a trusted CBD brand’s new THC products.That’s just the beginning. There are myriad more subtle ways that CBD is helping to normalize cannabis. Thanks to the 2018 Farm Bill, the U.S. Department of Agriculture is now allowed to fund hemp research with government grants. Growers are eligible for federal crop insurance to protect their investments, and in some cases, even to federally subsidized crop insurance. States are offering tax incentives to CBD companies to build or renovate factory spaces. All these financial relationships are setting the stage for a time when the prohibitions against THC are lifted.Related: Here’s the Medical Cannabis Super Bowl Ad CBS Refused to RunThe growth of CBD could also lead to easing of financial restrictions on cannabis. Right now cannabis producers can’t work with banks, which means much of the business still takes place using cash. But it likely won’t be long before hemp growers and CBD producers can walk in and open a bank account – or buy an online ad. Facebook, Instagram and Google ban cannabis ads on their platforms.Over the next few years, consumers will start discovering their favorite CBD brands, which eventually will make them natural customers of that brand’s THC products. Next Article –shares CBD Is Taking the Cannabis Industry Mainstream Download Our iOS App Add to Queue Image credit: OlegMalyshev | Getty Images 5 min read Over the next few years, consumers will start discovering their favorite CBD brands, which eventually will make them natural customers of that brand’s THC products. Guest Writer Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. Jason Vegotsky CRO of KushCo Holdings Opinions expressed by Entrepreneur contributors are their own. February 26, 2019 Free Green Entrepreneur App CBDlast_img read more

Read more on CBD Is Taking the Cannabis Industry Mainstream