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10 months agoMazzarri adamant Torino deserved two spotkicks for Juventus defeat

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first_imgAbout the authorCarlos VolcanoShare the loveHave your say Mazzarri adamant Torino deserved two spotkicks for Juventus defeatby Carlos Volcano10 months agoSend to a friendShare the loveTorino coach Walter Mazzarri is adamant they didn’t deserve defeat to Juventus.The Derby della Mole was decided by a Cristiano Ronaldo penalty when Mario Mandzukic pounced on Simone Zaza’s poor back-pass.However, when it was still 0-0, Toro had two of their own appeals waved away.“I have to compliment my lads, because they put in a strong performance and played on a par with a tank like Juventus,” Mazzarri told DAZN.“In these cases, the incidents ultimately make the difference. We lost Salvatore Sirigu to injury early on, but Ichazo did well too. It’s a pity to have missed out on a point that we would’ve deserved.“You can take something from Juve only if they underestimate you, but they rested Giorgio Chiellini in the Champions League midweek, which shows how much they were thinking about this derby.“An unfortunate incident proved decisive. Perhaps there could’ve been a penalty or two in our favour, we certainly got that impression… In other games, VAR went back to look at this sort of situation.“Belotti was jumping to head the ball, which is his specialty, and he has a good chance of scoring if he connects with it cleanly. If you are pushed when mid-air, in my view that is a clear penalty.“People say we complain, but since the last time there was a meeting about VAR, they have generally gone to check on incidents. Belotti and Zaza appealed and asked for it to be viewed on VAR.” last_img read more

Drug Inspector and Pharma officials held in bribery case

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first_imgNew Delhi: The CBI on Friday arrested a drug inspector of the Central Drug Standard Control Organisation (CDSCO) under bribery charges in a case where officials of the CDSCO were allegedly demanding bribes in exchange for approving cardiac medication that had already failed tests by the testing authority.The Central Bureau of Investigation had booked Ankur Bansal, a drug inspector with the CDSCO along with the Managing Director of Kwality Pharmaceuticals and other officials of the pharma company in the case, where Bansal had demanded Rs 1.5 lakh to approve a cardiac medication called dobutamine. Also Read – Uddhav bats for ‘Sena CM’Agency sleuths also arrested officials of Kwality Pharmaceuticals in the case, including the Managing Director, a director, the Chief Pharmacist and a driver. Officials here said that premises of the accused in Amritsar and Delhi were also searched. According to the probe agency’s case, Kwality Pharmaceuticals had manufactured a dobutamine injection, which is most commonly used in cardiac surgery to give a boost to cardiac functioning, in case of sudden heart failure. Also Read – Farooq demands unconditional release of all detainees in J&KHowever, when the injection was sent to the CDSCO for testing, the samples of the medication failed the required tests and Ramesh Arora, the MD of the company challenged the test results, sending another batch of samples to the test laboratories. Subsequently, Karunakar Tiwari, Kwality’s Chief Pharmacist allegedly approached Bansal with Arora and sought to “settle the matter” on July 18. A few days later, Bansal told Tiwari that the second batch of samples had also failed the tests and that he would need to visit Kwality’s premises in Amritsar to investigate. While officials of Kwality and Bansal were negotiating the bribe amount required to close the case and get a favourable decision, Bansal had indicated that senior officials of the CDSCO were also involved in the scam. The CBI’s investigation in the case continues as all the arrested were sent to four days of CBI custody on August 14.last_img read more

In the news today Aug 29

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first_imgSix stories in the news for Thursday, Aug. 29———B.C. ANTI-GANG UNITS TARGETING KIDS IN ELEMENTARY SCHOOLSA senior officer in the RCMP’s gang enforcement unit in Surrey, B.C., says he didn’t expect to find himself working in elementary schools. Sgt. Mike Sanchez says there are already signs of kids glorifying what he describes as a “gang lifestyle.” He says they wear clothes mimicking older kids who sell drugs and show no surprise when his team gives its presentation. A task force on gang violence found that while many promising programs, they often operate in silos and with limited budgets. The Combined Forces Special Enforcement Unit says the average age of a gangster on the Lower Mainland remains in the late 20s. But the task force found teens and young adults can be attractive partners for older, more entrenched gangsters who may direct them to kill, which reduces the risk of retaliation and criminal charges.———FACTS AREN’T FAIL PROOF IN POLITICS: SURVEYA survey probing how people use facts to form beliefs suggests that even when given accurate information, many people still get the facts wrong. The Digital Democracy Project told poll participants that Canada is not on track to meet its climate-change commitments, which is true. But even when armed with that fact, barely half of those surveyed then correctly answered a question on the subject. Researchers say the results show it is possible for journalists and politicians to correct the record, but not easy. The project, led by the Public Policy Forum and the Max Bell School of Public Policy at McGill University, is exploring how people’s ideas are shaped by the information they consume and in turn how that might shape their vote this fall.———FUNERAL TODAY FOR B.C. TEEN WHO DIED OF APPARENT OVERDOSEDA celebration of life is set to be held today for a 14-year-old British Columbia boy whose apparent drug overdose death was captured on video and posted to social media. Carson Crimeni’s death on Aug. 7 in Langley, B.C., is under investigation by RCMP and B.C.’s police oversight body, the Independent Investigations Office. Crimeni was found that night in an area near the skateboard park and was rushed to hospital but was pronounced dead. RCMP have set up a 24-hour tip line seeking anyone who may have seen Crimeni in the hours before he died, as well as anyone who might have seen him with any other groups of people. An obituary published by Crimeni’s family last week described the teen as a “fun-loving jokester” who had “dreams of becoming a veterinarian or chef.” The funeral is to take place this afternoon in a Langley church.———HOSPITAL TO DEVELOP THERAPY GEARED TOWARD SOUTH ASIANSCanada’s largest mental health hospital is developing a specialized form of psychotherapy that will be catered toward Canadians of South Asian origin. The Centre for Addiction and Mental Health in Toronto says it hopes to have a culturally adapted manual on the specialized form of Cognitive Behavioural Therapy, or CBT, as well as a therapist training package ready by November. CAMH psychiatrist Dr. Farooq Naeem says he will be consulting with patients, caregivers, mental health professionals and community leaders on the project. He says evidence shows that CBT is as good as medications to treat depression and anxiety, as well as to prevent relapse. He says he hopes the culturally adapted C-B-T will help reduce the stigma surrounding mental health for South Asians and encourage members of the community to seek help if needed.———LIBERALS PLEDGE $1.5M TO TACKLE CAMPUS ASSAULTThe Liberal government is committing up to $1.5 million to help colleges and universities get better at dealing with sexual violence on campus. Maryam Monsef, the minister for women and gender equality, says the money is to be spent over two years to fill gaps in resources that post-secondary institutions need to tackle the problem. Student groups welcomed the effort but said those promises should be backed up by the resources and oversight needed to make them work. The Liberal government committed $5.5 million over five years toward the initiative in the 2018 federal budget, which also came with a threat. The budget said that beginning this year, the federal government would consider holding back funding from institutions that are not putting “best practices addressing sexual assaults on campus” into place.———YOUR WARD NEWS PUBLISHER SET TO BE SENTENCEDThe publisher of a free Toronto newspaper that promoted hatred against Jews and women is expected to be sentenced today. The prosecution wants 77-year-old LeRoy St. Germaine jailed for six months. St. Germaine was found guilty in January of two hate counts but sentencing has been delayed repeatedly. A week ago, the editor of Your Ward News was given a one-year term. The judge said he would have given James Sears a stiffer sentence had the law had allowed. The judge said the publication promoted hate to a large audience, both in print and online.———ALSO IN THE NEWS:— Natural Resources Minister Amarjeet Sohi makes a coal mine reclamation project announcement.— B.C. Supreme Court Justice Martha Devlin is expected to sentence James Oler, a former leader of a polygamous sect in Bountiful, B.C. Oler was convicted of removing a child from Canada to marry a member of his fundamentalist church in the United States.— Prime Minister Justin Trudeau and B.C. Premier John Horgan will make an announcement today at the BC Hydro Trades Training Centre.— Closing arguments take place today in the trial of David and Collet Stephan. They are charged with failing to provide the necessaries of life in the death of their son Ezekiel from meningitis.— Edmonton MP Randy Boissonnault to announce federal funding to help Alberta commercialize health-care products.The Canadian Presslast_img read more

7 Texas Artists Who Turned Heads At Austin City Limits Festival

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first_img 7 Texas Artists Who Turned Heads At ACL 7-texas-artists-who-turned-heads-austin-city-limits-festival News From hip-hop to western swing, punk rock to pop, get the scoop on which Lone Star State artists are in for a proud homecomingRiley Van StewardGRAMMYs Oct 7, 2018 – 12:36 pm The Austin City Limits Festival brings together a wide variety of artists across many genres, styles and backgrounds for three days of Texas-sized fun every year. But for some performers, the stages of ACL are on home turf, making the heat and energy that come from the crowd that much sweeter. Let’s take a look at seven artists who had a home-field advantage this weeked.Jackie VensonAustin-based singer/songwriter Jackie Venson blew her hometown away by performing songs from her album, Live at Strange Brew. Jackie played monstrous guitar solos between riffing on her band members’ names. She gave many shout-outs to Austin and Texas, but her biggest “Thank you” was to festival organizers C3 for not “forgetting about the locals.” Jackie had vowed to, “Never attend ACL unless I was playing… but I put a five-year limit on it,” she said. She kept her promise and delivered a scorching set for the audience with her first performance at the festival.BrockhamptonBrockhampton took the stage to showcase their No. 1 album Iridescence. Lighting up the stage with enough band members to start two basketball teams, backups and all, it was clear their chemistry as a group has not wavered at all. Hailing from San Marcos, Texas, the band has deep roots in the state. Besides growing up in Texas, band member Merlyn Woods even went to school at The University of Texas at Austin before leaving school to dedicate himself to the boy band.Sailor PoonKnown for their eclectic style, Sailor Poon graced the ACL stage with their brand of hilarious punk rock. And nothing could be more Austin than an anime-inspired local punk band with comedic tendencies. If titles like “Daddy Issues,” “The D***,” and “Fap and Nap” don’t tickle your fancy, then we may need to revoke your Austin citizenship.Asleep At The WheelGRAMMY winners Asleep at the Wheel have been bringing roots country to ACL in style since the very beginning of the festival. Their unique take on traditional music could be heard across Zilker Park as they kicked off things at noon on Friday. Hot off a new album, New Routes, this band is anything but asleep at the wheel. Bandleader Ray Benson commented on playing ACL every year since the festival’s inception, saying, “Obviously it’s changed a bit but it’s still one of the greatest music festivals in the world.” Facebook 7 Texas Artists Who Turned Heads At Austin City Limits Festival NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Oct 6, 2018 – 4:43 pm In Austin With Asleep At The Wheel KhalidGRAMMY nominee Khalid gave shout-outs to his city of El Paso throughout his set. His backdrop was often graced with a cartoonish green road sign that spelled it’s name out. The border town has always been happy to call Khalid one of its own, and he responds in kind. Like the star he’s become, Khalid makes his location known.Molly BurchMolly Burch released her sophomore album, First Flower, on day one of the festival and performed many of its already irresistible songs on the second morning on ACL’s Barton Springs stage. Although not originally from Texas, Molly launched her start in Austin, saying the city has been “A really supportive, comforting place to start out.”  With Burch’s lovely ballads and indy pop, in many ways, the Barton Springs stage was the perfect place to cool off from the higher-energy performers.Travis ScottDallas and Houston may have long-lasting beef, but GRAMMY nominee Travis Scott has come to neutral ground here in Austin. The land of hippies, cowboys, and weirdos is excited to be graced by one of the kings of trap rap. With Astroworld earning him another No. 1 album, Scott headlines the American Express stage both Sundays.Asleep At The Wheel Talk ‘New Routes,’ Willie Nelson & More At ACLRead more Twitter Email last_img read more

Amazons voice assistant will get smarter These new Alexa Prize teams will

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first_img 1 Tags The Amazon Echo Dot wants to talk. Ben Fox Rubin/CNET Someday, you may ask Amazon’s Alexa about the weather in Miami and that query will quickly flourish into an extended conversation with the voice assistant about booking weekend getaways there.That kind of back-and-forth dialogue with any digital assistant isn’t possible today, except in limited settings, like asking for local movie times. But Amazon is working on this very big concept of chatting with a robot with the help of its Alexa Prize Socialbot Grand Challenge, a competition among colleges to build the best social bot.On Wednesday, the Alexa Prize unveiled its latest class of colleges for its third year of competition. The announcement coincided with the kick off of Amazon’s inaugural re:MARS science and tech conference in Las Vegas.Here are this year’s competing schools:Carnegie Mellon UniversityCzech Technical University in PragueEmory UniversityMoscow Institute of Physics and TechnologyStanford UniversityUniversity of California, DavisUniversity of California, IrvineUniversity of California, San DiegoUniversity of California, Santa CruzUniversity of Michigan”We are very early,” Rohit Prasad, the head scientist for Alexa’s artificial-intelligence team, said in an interview. “While there’s been progress over the past two years, I think we’re at least five to eight years away before we can meet the ultimate goal of having a real, coherent and engaging conversation for 20 minutes with any of these bots.”The Alexa Prize is part of Amazon’s broad mission of making its voice assistant smarter, more human-like and more conversational, so it can become more useful and engaging for its users. The benefits of creating a better digital assistant could be huge. It could allow Amazon to have a technology millions of customers rely on, helping it sell more smart speakers and products through voice shopping, while also helping it capture useful data about its users. But, Amazon isn’t alone in this pursue, with Google, Apple and Samsung all working on their own assistants.Also, with consumers focusing more on their data privacy, Alexa may face a less receptive audience in the future, no matter how clever it becomes.Prasad said the Alexa Prize is already paying dividends in a number of ways. First, the prize is helping familiarize and inspire the next generation of computer scientists and engineers with voice computing. Also, concepts from past years’ social bots have served as inspiration or mirrored some of the predictive and conversational elements Amazon has already introduced into Alexa.Lastly, the longer-form conversations customers have with Alexa as part of the competition have already helped Alexa get smarter. The assistant is typically fed short bits of dialogue that involve a request and an Alexa response. The Alexa Prize offers a useful way of training the artificial intelligence on more substantial conversation, Prasad said.To take part in the Alexa Prize, consumers can simply say, “Alexa, let’s chat,” to talk to a social bot. The newest group of social bots will become available in September.Prasad said the audio from these conversations is never shared with the competing schools and consumers are able to delete these chats if they want. Text transcripts are provided to the schools to help them improve their bots.Applications for this year’s competition came in from 15 countries. University of California, Davis, which was last year’s winner, was automatically allowed to enter this year’s competition without having to apply again.The selected schools will receive research grants from Amazon, Alexa team support and Alexa-enabled devices to complete their work. Last year’s winner received $500,000. Czech Technical University in Prague, another repeat entrant this year, received a second-place prize of $100,000 last year. Alexa Amazon Voice recognition Comment Share your voice Smart Homelast_img read more

Modi ji you owe us answers

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first_imgNarendra Modi and those who still have faith in him, in his policies and style, have every right to feel overwhelmed over the high-octane Wembley show. They also have a right to feel proud about the fact that Modi became the first Indian to address the British Parliament. Modi and his admirers can also take pride in Modi’s stay at the country house retreat of the Prime Minister of United Kingdom—Chequers Court—to the south of Aylesbury in Buckinghamshire at the foot of the Chiltern Hills, and his first ever meeting with Queen Elizabeth-II over lunch at Buckingham Palace, where he arrived riding a Jaguar. Also Read – Gateway of criminal justiceBut, then these very people owe us answers to certain pertinent questions raised during the visit of the Prime Minister of India to the United Kingdom which houses the “mother of Parliaments”. Why is it that for the first time the Palace of Westminster in London bore a large image of India’s Prime Minister wielding a sword with a logo behind him of the symbol “Om” slowly transforming into the Swastika? Why splashed across the image were the words in bold letters “Modi not welcome”? Why did Indian activists oppose the visit of the Prime Minister of their own country by projecting an image that stayed on the British Parliament’s building for eight and a half minutes on a Sunday night? Also Read – Turning a blind eyeFor the first time an Indian Prime Minister had to face questions in his joint press conference by British media such as “Prime Minister Modi, India is becoming an increasingly intolerant place. Why?” Should we not feel deeply concerned about the fact that a responsible British newspaper—The Guardian—chose to publish an article written by a local journalist of Indian origin under the title “India is being ruled by a Hindu Taliban”? Why has the international community started to look at India with suspicious eyes in matters related to social harmony? During his performance at Wembley event, even singer Jay Sean underlined the need to respect each other’s differences. After completing his first song, he began to narrate his personal story and told the audience that his real name is Kamaljit Singh Jhooti. Moreover, the singer said he takes pride in the fact that this country has recognised his talent ignoring all the considerations for caste and creed. Why should Jay Sean feel it necessary to express such sentiments between the two romantic songs he sang on the occasion, including his most famous “Down”?Wembley could have been a great gala event for Modi’s fans. But the basics of diplomatic visits should not be allowed to be wrapped up under the heavy curtains of pop singer Sonna Rele “Every day with Love”—the title song of the film Cinderella, or the fusion by Jyotsna Srikant, Geeta Patel, and Shiamak Davar. The hard questions cannot be answered through Vidya Patel’s Kathak or Dandiya and Garba dances. The realities of diplomatic successes depend on the solid outcomes of the serious efforts made by any government and not on the decibel level of “Modi-Modi” chants. The funniest, rather insulting, part of the Wembley event was when British singer Navin Kundra sang “Bachna Ai Haseeno, Lo Mai Aagaya” just before the arrival of Modi and then tried to merge it with the songs like “Mere Desh Ki Dharti”, and Slum Dog Millionaire’s “Jai Ho”. But for the national anthem sung by Kanika Kapoor and a meaningful short speech delivered by British Prime Minister David Cameron, it would have been better if there was no Wembley event at all.Ignoring developments such as the protests held by the Nepali people can come at a huge price. It is also for the first time that our neighbours flocked the streets on foreign soil, carrying placards reading anti-India slogans. UK Chapter of Non-Resident Nepali Association (NRNA), Prabasi Nepali Manch-UK, and Nepali Janasamparka Samiti UK, among three dozen Nepali organisations, took part in the protest to express solidarity with their cause. We will be drastically failing in our diplomatic responsibilities if the sentiments strongly expressed during Modi’s UK visit by the South Asia Solidarity Group, Sikh Federation of UK, South Hall Black Sisters, Dalit Solidarity Network of UK, Indian Muslim Federation, Indian Workers Association, Muslim Parliament, and Voice of Dalit International are not addressed properly.Parallel to the notes of Wembley music there were strong doses of analytical pieces in the British media on Modi’s fast decreasing popularity, which has been proven by the outcome of Bihar Assembly elections. “The loss is more personal than a party loss,” noted The Guardian, “since Narendra Modi took a personal interest in the Bihar state Assembly polls and he almost became the face of the campaign”. The report further said, “India’s ruling party has conceded defeat in a provincial election seen as a test of the vote-winning abilities and political strategy of Modi”. Leila Nathoo of The Independent wrote, “Instead of relying on local BJP leaders to fight the election on local issues, Mr Modi, a crisply dressed, and highly skilled orator, personally took control of the campaign in the hope that his reputation and charisma would seal the victory.”The destiny of one-sixth of humanity lies in the honest efforts of making India a nation based on its true values—tolerance, inclusiveness, and equality to all. India’s destiny does not lie in gimmickries like opening up a branch of Madame Tussauds’ wax museum in New Delhi and getting a copy of the Magna Carta for touring displays in India for the 2017 cultural exchange or firecrackers in Wembley.(Author is Editor and CEO of News Views India. The views expressed are strictly personal)last_img read more

The English Premier League has launched an invitat

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first_imgThe English Premier League has launched an invitation to bid for UK TV rights to the three seasons from 2013-14. The League is offering live rights to an increased total of 154 matches split into seven packages and a free-to-air highlights package including catch-up rights.Live rights are split across five packages of 26 matches and two packages of 12 matches. No single buyer will be allowed to buy more than 116 matches.“This creates a more attractive and compelling offering for both broadcasters and fans; whilst allowing the continued protection of the Saturday 3pm ‘closed window’ and minimising further displacement of Premier League fixtures,” the Premier League said.The League will open a separate sales process for two near-live packages each containing 226 matches – one for linear and one for video-on-demand – and an online clips package for all 380 matches.Despite the controversy around the recent court case to determine whether the League could block access to foreign transmissions in the UK, the rights on offer will be for the UK only, with international rights to be sold separately as before. There had been speculation that the League would move to a system of awarding rights on a pan-European basis.last_img read more

Exane BNP Paribas has raised its target for French

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first_imgExane BNP Paribas has raised its target for French cable operator Numericable and upped its recommendation on the company’s stock from neutral to outperform. In a note entitled ‘All’s well that merges well’, the bank’s analysts set a target of €50 for Numericable stock, up from €34.According to Exane BNP Paribas, the fusion of Numericable and SFR is “fundamentally attractive”. It predicts that the combined entity will deliver annual average operational free cash-flow of up to 16% between now and 2020. Synergies between Numericable and SFR, notably from high-speed fixed-line internet, are estimated at €7 billion, up from €4 billion previously.Exane BNP Paribas says that Numericable is best-placed amongst French operators to benefit from consolidation of the sector. How well it performs could depend on which of its competitors succeeds in merging with Bouygues Telecom, which failed to secure a rival deal with Vivendi for SFR.According to Exane BNP Paribas, the best case for Numericable would be if Free buys Bouygues Telecom, while the latter’s acquisition by Orange would be less favourable. If Bouygues remains independent, the resultant downward competitive pressure on fixed-line pricing could prove harmful, however.last_img read more

Porters Shocking Admission about Stock Picking

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first_img Porter’s Shocking Admission about Stock Picking “This is the most amazing thing I’ve ever learned about finance,” said Porter recently. “It could turn terrible investors into good investors – instantly.” Read More Recommended Links — Yesterday, oil plummeted to its lowest level in nearly seven years… The price of oil fell 6.2% to $37.65, its lowest level since February 2009. Oil has now fallen an incredible 65% since peaking at $106 in June 2014. The world has a massive oil surplus right now. The oil stockpiles of developed countries hit a record high of nearly 3 billion barrels in September, according to the International Energy Agency. Yet major producers are still pumping oil… Monthly oil output for the U.S., the world’s largest oil producer, is at its highest level in nearly three decades. Russia, the world’s third-largest oil producer, is pumping more oil than it has since the Soviet era. The Organization of Petroleum Exporting Countries (OPEC) is also pumping near record amounts of oil. OPEC is a cartel of 12 oil-producing nations. It accounts for 40% of the world’s annual oil production. On Friday, OPEC made clear it isn’t cutting production. •  Weak oil prices have crushed energy stocks… SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks large U.S. oil producers, has dropped 61% since oil peaked last June. Oil services companies, which sell “picks and shovels” to the oil industry, have also tanked. The Market Vectors Oil Services ETF (OIH), which holds 26 oil services companies, has lost 50% since last June. •  Oil companies have shelved billions of dollars’ worth of projects… Energy consulting firm Wood Mackenzie estimates that North American oil companies alone have cut spending by $220 billion since last summer. And that’s only the beginning. The firm estimates that $1.5 trillion worth of North American oil projects can’t make money when oil trades for $50 or less. With oil trading below $40 now, they’ll likely make even bigger cuts. Meanwhile, investment research firm Moody’s expects cash flow for the global oil industry to drop by at least 20% this year. •  Canada’s energy sector is in a full-blown crisis… Canada is the world’s fifth-largest oil-producing country. Crude oil makes up 18% of Canada’s exports, making it by far the country’s biggest export. In October, The Conference Board of Canada said it expects revenues for Canada’s energy sector to fall 22% this year. It also expects the industry to record a net loss of about C$2.1 billion ($1.6 billion) in 2015. Last year, Canada’s energy industry made a C$6 billion profit. •  E.B. Tucker, editor of The Casey Report, said this would happen… A few months back, E.B. visited Canada’s oil country to see the crisis firsthand. E.B. shared his analysis in the October issue of The Casey Report. In that issue, E.B. said Alberta would become ground zero for Canada’s energy crisis. Alberta accounts for 16% of Canada’s $2 trillion annual GDP. And energy makes up a quarter of Alberta’s economic output. That means the entire province of Alberta is heavily influenced by the price of oil. Alberta’s economy shed 63,500 jobs from the start of the year through August. It hasn’t lost that many jobs in the first eight months of the year since the Great Recession. Last month, Alberta’s unemployment rate jumped to 7%, its highest level in five years. •  E.B. also said the crisis would spread from the oil patch to other parts of Alberta’s economy… Here’s E.B.: While energy only makes up 25% of the province’s GDP, Albertans will be shocked when they see what happens to other sectors now that the oil business has been cut in half. Construction, finance, real estate, and services all benefited from a 15-year oil boom. These other sectors will start shrinking soon. And it’s not going to be pretty. E.B was right. The boom times are clearly over…but Canada’s economic problems are just starting. •  Canada’s central bank is scrambling to fight the crisis… Lowering interest rates is the main tool central bankers use to stimulate the economy. To fight the financial crisis, the U.S. Federal Reserve cut its key rate to effectively zero in December 2008. Low rates make it cheaper for consumers and businesses to borrow and spend, which helps the economy…at least in theory. The Bank of Canada (BoC) – Canada’s version of the Fed – has already cut rates twice this year. Its key rate is now 0.5%. •  The Bank of Canada might drop its key rate to zero soon… Last month, Carolyn Wilkins, the BoC’s number two official, said, “It’s more likely that policy rates will fall to zero than in the past.” Even so, more rate cuts are unlikely to help Canada’s economy. Last month, Bloomberg Business reported that the Bank of Canada is already considering other options. “One important challenge for central banks now is that conventional monetary policy is stretched to its limits in some countries, where policy interest rates are at, or below, zero,” [Wilkins] said. “Because of this, a number of countries are using innovative monetary policy measures to return inflation to target.” Wilkins is essentially saying the BoC might launch its first quantitative easing (QE) program. QE is when a central bank creates money from nothing and pumps it into its financial system. It’s basically another term for money printing. Regards, Justin Spittler Delray Beach, Florida December 08, 2015 We want to hear from you. If you have a question or comment, please send it to feedback@caseyresearch.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful.center_img •  QE would devalue Canada’s currency even more… Yesterday, low oil prices pushed the Canadian dollar to an 11-year low against the U.S. dollar. The Canadian dollar is now down 15% against the U.S. dollar over the past year. QE pumps money into a financial system without creating anything. The result is more currency units chasing the same number of goods. This makes a currency less valuable. QE is the last thing the Canadian dollar needs right now. As Casey readers know, the Canadian dollar is just one of many major currencies that has lost a huge amount of value this year. The Japanese yen has lost 16% against the U.S. dollar over the past year…the euro has lost 18%…the Australian dollar has lost 19%…the Mexican peso has lost 22%…and the Brazilian real is down 39%. These are stupendous moves for major currencies. After all, we’re not talking about volatile biotech stocks. This is the value of money in peoples’ bank accounts. •  These huge losses suggest we may be in the early stages of a global currency crisis… Casey Research founder Doug Casey has been warning of a currency collapse. He believes a collapse of major currencies could wipe out trillions of dollars in wealth, including pensions. Here’s Doug: It’s going to be much more severe, different, and longer-lasting than what we saw in 2008 and 2009…The U.S. created trillions of dollars to fight the financial crisis of 2008 and 2009. Most of those dollars are still sitting in the banking system and aren’t in the economy. Some have found their way into the stock markets and the bond markets, creating a stock bubble and a bond super-bubble. The higher stocks and bonds go, the harder they’re going to fall.” Unlike most people, Doug Casey has actually lived through a currency crisis. He was in Argentina when its currency collapsed in 2001 during the largest sovereign debt default ever. By making smart investments, he even managed to make a large gain on his money in the aftermath of the crisis. We recently recorded a video presentation with Doug on this topic. In the video, Doug shares his advice on how to position your money and investments for the collapse of a major currency like the U.S. dollar. Click here to watch the video. Chart of the Day The currencies of several major oil-producing nations are collapsing… Crude oil is the number one export of Canada, Norway, Russia, and Colombia. Each country’s currency tends to move with the price of oil. Today’s chart shows the performance of all four currencies versus the U.S. dollar. As you can see they have all crashed over the past year. The Canadian dollar (CAD) has dropped 15% to an 11-year low. The Norwegian kroner (NOK) has dropped 18% to a 13-year low. The Russian ruble (RUB) has dropped 23%. It’s now within 2% of the all-time low it hit in August. The Columbian peso (COP) has dropped 30%. It’s also flirting with its all-time low. Alternative currency that performs 300% better in a currency collapse Today, most Americans know absolutely nothing about, let alone own, this incredibly valuable asset. Click here to learn more. –last_img read more

By Justin Spittler editor Casey Daily Dispatch T

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first_imgBy Justin Spittler, editor, Casey Daily DispatchThe “smart money” is betting big on uranium.Smart money refers to big-time institutional investors. They’re not the kind of people you want to bet against… especially when they’re “backing up the truck” on an asset.And that’s exactly what’s happening in the uranium market.You see, a group of bankers are getting ready to launch a new company with one purpose: to gobble up cheap uranium.The company is called “Yellow Cake,” named after the raw form of the commodity. And its plan is to buy 8.1 million pounds of uranium.The deal is worth $170 million. The uranium will come from Kazakhstan-based Kazatomprom, the world’s largest uranium producer. The deal represents about 25% of the company’s annual production… and about 5% of global marketed production. Did This Classic 80s TV Show Predict America?This financial guru was mocked by the mainstream. But is his strange financial prediction about to come true? — If You Like BIG, FAST Gains, You’re Going to Love ThisThis top analyst is firing off the biggest, fastest gains we’ve ever seen. He’s shown a small group of loyal readers how to make 176% in two weeks, 299% in eight days, 526% in two months, 100% in five days, and even 52% in four hours. If you’d like to see exactly how, click here for full details. — Recommended Link • Uranium appears to be on the verge of a major supply crunch… Here’s what Yellow Cake wrote in a recent press release:A decade of declining uranium prices has seen little investment in uranium mining, resulting in a projected supply deficit absent material increases in the uranium price…Even with a material increase in the uranium price, it may take years before new sources of uranium are ready to be mined, due to delays associated with permitting for exploration and development of uranium mines…The supply gap is currently being covered by secondary supply, largely from enrichment providers underfeeding. However, secondary supplies have declined, and are expected to continue to decline and may not be sufficient to fill the supply deficit while new mines are developed.And just so you know…• The people behind Yellow Cake are the real deal… Peter Bacchus, the mastermind behind the project, has more than two decades of experience as a leading global mergers & acquisitions (M&A) adviser.Currently, he heads Bacchus Capital Advisers, a new independent corporate finance and M&A platform. He also previously served as Global Head of Mining and Metals at Morgan Stanley and European Head of Investment Banking at Jefferies Group.Liebenberg is no slouch, either. He has more than two decades of experience in equity and investment banking. Most recently, he served as Chief Financial Officer of QKR Corporation, a global mining company.In short, these guys are heavyweights in the investment and mining industries. But they’re not the only ones getting ready to bet big on uranium.• Tribeca Investment Partners is preparing to launch a new uranium fund, too…Tribeca is an Australian fund manager. It oversees about $2.5 billion.The new fund is looking to raise $100 million. And according to The Australian Financial Review, Tribeca is doing this because it believes the price of uranium could more than double over the next five years.Again, these people know what they’re talking about. And right now, they’re telling the world that uranium won’t stay cheap for long.This isn’t something you want to ignore as a speculator. So, consider speculating on uranium if you haven’t yet.The safest way to do this is with the Global X Uranium ETF (URA). It allows you to bet on a basket of uranium stocks, which is less risky than buying individual stocks.Just understand that uranium stocks are extremely volatile.Blue-chip uranium stocks can swing 5% or more in day. Junior uranium stocks can move 20% or more.If you can’t handle that volatility, you should stay on the sidelines. And if you’re willing to speculate, don’t bet more money than you can afford to lose. Use stop losses. And you may even want to trim your positions once you’re sitting on big profits.Regards, Justin Spittler Denver, Colorado June 29, 2018P.S. If you want specific uranium stocks to profit from, I highly recommend you check out Crisis Investing editor Nick Giambruno’s model portfolio. Nick is also bullish on the uranium sector today and has narrowed down the top plays to start multiplying your money. You can access these names—and all of Nick’s research—with a subscription to Crisis Investing.Reader MailbagToday, a reader appreciates our recent Conversations with Casey: “Doug Casey on the Space Force”…Doug, you were terrific and as I read this article I laughed like hell when you quoted General Turgidson [G C Scott]—”We cannot allow a mineshaft gap!” I’ve watched it at least 10 times or more. But you hit it on the head. We buy our launch rockets from Russia and we are at a form of war with them now. Maybe that’s why Trump wants a summit with Putin?—RichardIf you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…We’re on the cusp of an infrastructure buildout for the ages.But I’m not talking about new roads, bridges, or railways. In fact, you likely won’t even notice the work being done…Even so, it’s the most pivotal upgrade to the world’s infrastructure in over 20 years. And investors who position themselves now stand to make a fortune in the years ahead. Learn what it is, and how to profit, right here. Recommended Link • To fund this mammoth purchase, Yellow Cake will hold an initial public offering (IPO)… And the goal will be to raise between $160 million and $200 million. That will make it one of the largest fundraising events to happen in the junior market in years.But that’s just the beginning.Yellow Cake has also negotiated plans to purchase an additional $100 million of uranium each year for the next nine years.In other words, this company plans to buy more than $1 billion worth of uranium over the next decade.This is a big deal… and yet another reason to consider speculating on uranium.In a minute, I’ll show you an easy way to do this. But you should first understand something important.• Yellow Cake has no intention of ever using this uranium…It’s not going to burn it for power. It’s not going to build bombs with it, either.Instead, it’s going to buy this uranium… and sit on it. The people behind Yellow Cake believe uranium is “structurally mispriced.” Here’s a quote from Yellow Cake’s CEO Andre Liebenberg:Due to an exceptional confluence of events, uranium is one of the few commodities yet to recover from the recent commodities bear market.We believe that uranium is fundamentally and structurally mispriced in the current market, and on a historical basis.Regular readers know why Liebenberg thinks this. In short, the price of uranium is down 85% since 2007.It’s so low that about 75% of the world’s uranium is being produced at a loss.But Yellow Cake isn’t just loading up on uranium because it’s absurdly cheap.last_img read more

The disability benefit assessment system is being

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first_imgThe disability benefit assessment system is being undermined by a “pervasive culture of mistrust”, fuelled by widespread claims that assessors are deliberately trying to prevent disabled people receiving the support they are entitled to, according to a committee of MPs.The long-awaited report by the Commons work and pensions committee describes how many claimants of personal independence payment (PIP) and employment and support allowance (ESA) have reported dishonesty by the healthcare professionals who have carried out their face-to-face assessments.The report says the culture of mistrust this has produced means that assessors “risk being viewed as, at best lacking in competence and at worst, actively deceitful”.The committee’s report substantiates evidence provided by hundreds of disabled people who have contacted Disability News Service (DNS) over the last 15 months to describe the dishonesty of the healthcare professionals who assessed them.A separate report published earlier in the week includes examples from the “unprecedented” response from claimants who had submitted evidence to the committee, with nearly 4,000 submissions.The committee says this response was “remarkable” in the “consistency of the themes that emerged”, including claims that assessment reports “bore little or no relation to their circumstances or what had occurred during the assessment”.Claimants, said the committee, “do not believe assessors can be trusted to record what took place during the assessment accurately”.One example quoted by the committee comes from Mary, a PIP claimant who first told her story last year to DNS (she was named ‘Elizabeth’ by DNS).She told the committee how the assessor wrote in her report that she “arose from the chair without any difficulty” when in fact she “was in bed the whole time (she let herself in) and I only have the one chair in the room and she was sitting in it”.Another who submitted evidence said: “I did most of the talking as my partner was drowsy with his medication, but in the statement with the PIP decision [it said that] my partner was chatty. Completely untrue.”A third claimant told the committee: “I was attacked with a deadly weapon only a short time before my assessment. “The man threatened my life, on a walk with my dog. So the assessor wrote that I like to talk to people on my walk.”A fourth claimant said: “The assessor claimed in the report to have completed an extensive examination of me during the assessment.“She listed a breakdown of her observations regarding the movement of all my limbs and joints.“In reality though my assessment was only fifteen minutes long and the assessor didn’t examine me at all.”The committee calls in its report for the Department for Work and Pensions (DWP) to improve trust in the system by offering the opportunity for all face-to-face assessments to be audio recorded, and by providing a copy of the written assessment report to all claimants.The evidence provided to DNS helped persuade the committee last year to investigate what Frank Field, the committee’s chair, described as “concerning reports about the operation of the PIP assessment process”.He later said that DNS had “provided us with a useful series of case studies that acted as a further catalyst” for calling an emergency evidence session last March, which subsequently led to the launch of the inquiry.The committee had appeared last year to be trying to avoid discussing allegations of dishonesty that had been raised by DNS, refusing to ask welfare rights experts about such claims in the urgent evidence session, and then neglecting to raise the issue of dishonesty in a letter seeking further evidence about the PIP assessment process.But the sheer weight of the allegations submitted by PIP claimants appears to have convinced the committee that these claims were valid, even if there was no explicit statement in this week’s report that the MPs believed there was dishonesty in the assessment process.Despite the role played by DNS in persuading the committee to investigate the PIP assessment process, neither Field, nor Heidi Allen, the senior Conservative member of the committee – the two MPs who were said to be available for interviews – agreed to talk to DNS this week.A spokeswoman for the committee declined to say if the refusal to be interviewed was connected with DNS reports that have criticised Field and his colleagues.Those reports questioned why they failed to ask the minister for disabled people about figures suggesting attempted suicides among people claiming out-of-work disability benefits may have doubled between 2007 and 2014, following the introduction of the work capability assessment, which tests eligibility for ESA.In response to the committee’s report, a DWP spokeswoman said: “As the [committee] highlights, assessments work for the majority of people, with 83 per cent of ESA claimants and 76 per cent of PIP claimants telling us that they’re happy with their overall experience.“However, our aim has to be that every person feels they are treated fairly, with respect and dignity.“We are committed to continuously improving the experience of our claimants; that is why we’ve commissioned five independent reviews of the work capability assessment – accepting over 100 recommendations – and two independent reviews of PIP assessments.“We continue to work closely with our providers to ensure people receive high quality assessments, and are exploring options around recordings to promote greater transparency and trust.”last_img read more

This Is Y Combinators Next Hot Area of Investment

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first_img Guest Writer Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. August 21, 2014 Next Article Opinions expressed by Entrepreneur contributors are their own. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Y Combinator Until now, Y Combinator — the prestigious accelerator program that vaulted some of Silicon Valley’s most buzzed about companies, including Drobox, Airbnb and Reddit – was primarily a tech incubator.But the accelerator is expanding its horizons. This year, for the very first time, it is pursuing health-tech startups, Reuters reported. “It’s the right time for us to try health care,” Sam Altman, Y Combinator’s president, said, noting that there’s been a recent and significant decrease in both “cost and cycle time.”Related: Google Wants to Build a Model of Perfect Human HealthWhile Altman conceded the move may unsettle venture capitalists, at least initially (“When we move into a new area, [they] usually don’t like it,” he said), it’s not that big of a surprise. Venture capitalists across the country are suddenly pouring money into health technology companies. In 2013, according to the National Venture Capital Association, the biotechnology industry received 15.6 percent of all venture funding. Only the software industry, at 30.2 percent, took in a larger slice.In addition, 2013 saw digital health startups, which include companies developing wearable tech and software/hardware solutions for specific diseases and conditions, take in almost $2 billion in funding, according to the venture fund Rock Health.Related: 5 Startups to Watch at Y Combinator’s Demo DayWhile it was a record year for funding in the space, this year’s funding total is going to blow last year’s away: According Rock Health’s 2014 mid-year report, the first half of 2014 saw digital health companies take in a whopping $2.2 billion.Altman took over as president of Y Combinator when the accelerator’s co-founder, Paul Graham, stepped down in February. On Tuesday, the first class of Y Combinator startups under Altman’s tenure graduated from the program. They included a high percentage of health and biotech startups including The Immunity Project (a startup attempting to develop an HIV vaccine), Glowing Plant (which develops genetically engineered plants that function as air purifiers), UBiome (a startup that analyzes bacteria) and Ginko BioWorks (which is currently working to treat antibiotic resistant germs). Related: 5 Questions Every Startup Should Ask Before Choosing an Incubatorcenter_img 2 min read Enroll Now for $5 This Is Y Combinator’s Next Hot Area of Investment –shares Add to Queue Laura Entislast_img read more

FirstClass Macadamia Nut Case Prompts Korean Air Exec to Step Down

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first_img 2 min read Next Article 2019 Entrepreneur 360 List –shares Add to Queue The only list that measures privately-held company performance across multiple dimensions—not just revenue. December 9, 2014 First-Class Macadamia Nut Case Prompts Korean Air Exec to Step Down This story originally appeared on Reuters A Korean Air Lines Co executive, whose dismay over the way she was served macadamia nuts led to a plane returning to its gate to expel the cabin crew chief, has stepped down as head of in-flight service, the airline said on Tuesday.Korean Air apologized for Friday’s incident at New York’s John F. Kennedy International Airport in which Heather Cho, a vice president of the airline, took issue with a crew member for substandard service.However, Cho, the 40-year-old daughter of the airline’s chairman, Cho Yang-ho, will remain a vice president with the South Korean flag carrier, the airline said late on Tuesday.The incident aboard an Airbus A380 jumbo jet that had been pushed back from its gate bound for Incheon, near Seoul, provoked outrage in South Korea when it was reported on Monday.”I am sorry to our customers and the Korean people that I unintentionally caused social uproar and I ask forgiveness from anyone who has been hurt by me,” a company official, speaking to Reuters by telephone, quoted Heather Cho as saying late on Tuesday.”I take responsibility for the incident,” the official quoted her as saying.The airline said late on Monday that although Cho was responsible for supervising in-flight service, it was “excessive” that the plane was returned to the gate to expel a crew member in a non-emergency situation.Cho was seated in first-class when she took issue with a flight attendant who handed her macadamia nuts in a bag, not on a dish, according to an industry official briefed on the matter, who declined to be identified.Cho summoned the cabin crew chief to ask whether the flight attendant was following the in-flight service manual, and the crew chief could not answer promptly, the airline said.Cho “took issue with the cabin crew chief’s qualifications,” and the plane was returned by the pilot to its gate to expel the crew chief, the airline said.The flight arrived in Incheon 11 minutes behind schedule.South Korea’s transport ministry said on Monday it was investigating the incident.Heather Cho is the oldest of Cho Yang-ho’s three children, who are all executives with the airline.(Additional reporting by Jack Kim; Editing by Tony Munroe) Airlines Apply Now » Reuters last_img read more

Microsoft Pays Woman 10000 for Unwanted Windows 10 Update Here Are 5

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first_img Register Now » Microsoft Pays Woman $10,000 for Unwanted Windows 10 Update. Here Are 5 Times the Upgrade Came at the Worst Moment. It’s no secret that PC users have been fuming these past few months over Microsoft’s pushy Windows 10 update. Finally, one of these victims has seen glory.Terri Goldstein, a small-business owner based in California, sued the company and won $10,000 for her unwanted Windows 10 update with claims that her PC didn’t function properly after. “I had never heard of Windows 10,” Goldstein tells The Seattle Times. “Nobody ever asked me if I wanted an update.”  Like Goldstein, many PC users and companies are angered by the interruptions the upgrade has caused. Here are five horror stories from people who received the automatic update at the seemingly worst possible moment.1. During a live newscast.Metinka Slater, a meteorologist for Iowa’s KCCI Channel 8, was reporting the day’s weather during a live broadcast when the Windows 10 upgrade notification appeared over the map behind her. Taken by surprise, Slater briefly found herself reporting on the software update rather than the forecasted rainfall.2. During a nine-hour gaming marathon.Many online gamers are complaining that the blue “window of doom” pop-ups have made their games unplayable and forced them to exit — a major problem for competitive gamers like Erik Flom, who has a following of nearly 130,000. A forced installation caused Flom to panic, and his expletive-laden outrage was captured live on the video-streaming service Twitch. After facing the emotional distress of having to break during a nine-hour gaming marathon, Flom realized nothing could be done to stop the upgrade.3. During a radio show.Popular radio host Thom Hartmann’s server went offline when his system suddenly decided to upgrade in the middle of this show, interrupting his YouTube livestream.Our youtube stream is down because the computer it runs out of is “automatically” updating to Windows 10 WITHOUT our permission. Grrrrrrr.— Thom Hartmann (@Thom_Hartmann) March 11, 20164. During final exams.   The update may even threaten students’ grades. With summer approaching, the last thing stressed-out students need is a delay as they scramble to finish final exams. A student complained on a Reddit forum that she got up from her desk for a couple of minutes and came back to find her PC in the middle of an update.5. During a visit to the doctor.On a more serious note, Windows 10 has presented some inconvenience in the workplace, even in one doctor’s office. A Reddit user reported: “I needed to set up my department’s bronchoscopy cart quickly for someone with some sick lungs… when I turned on the computer it had to do a Windows update.” Seriously, Microsoft? Rose Leadem Learn how to successfully navigate family business dynamics and build businesses that excel. June 28, 2016 Free Webinar | July 31: Secrets to Running a Successful Family Businesscenter_img Add to Queue Windows 10 –shares Next Article 3 min readlast_img read more

SmartCity Kochi seeks to convert 30 acres to freehold

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first_imgSHARE housing and urban planning COMMENTS To approach Keralagovt for change in contract terms October 01, 2018 COMMENTcenter_img Published on Seeking to give an impetus to its growth plans, SmartCity Kochi has decided to convert 12 per cent of its allotted 246 acres into freehold to promote residential projects. A board meeting of the company has resolved to approach the Kerala government, seeking change of status of 29.5 acres from leasehold to freehold, SmartCity Kochi CEO Manoj Nair said. Residential projects“In accordance with the provisions of the framework agreement executed in 2007, followed by the lease agreement signed in 2011 with the Kerala government, we will submit the request to the State administration to facilitate change of status of selected plots in SmartCity Kochi from leasehold to freehold. This will enable SmartCity to undertake developments to promote residential projects and facilitate people to buy residential units, including options for long-term lease,” Nair said. Job creationBased on the ongoing development plans in SmartCity Kochi, an additional 55 lakh sq ft built up area will be delivered in phases, commencing fourth quarter of 2020. This will create an additional 55,000 direct jobs, increasing the workforce population to 1 lakh in the IT hub at Kakkanad. With the Gems Modern Academy School, with a capacity of 3,000 students, commencing soon, the timing is appropriate to promote residential and retail projects and other related infrastructure that will make up the landscape of the township, he said. EoI submitted Meanwhile, Confident Group, a leading real estate developer, has submitted an expression of interest (EoI) for developing residential projects on 15 acres within SmartCity Kochi with an investment of ₹1,200 crore.“We have proposed to undertake the development in phases over five years, once necessary approvals are given,” said Roy CJ, Chairman of Confident Group. SHARE SHARE EMAIL Manoj Nairlast_img read more