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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

Commercial Operators Urged to Dispose of Garbage Properly

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first_img Executive Director of the National Solid Waste Management Authority (NSWMA), Audley Gordon, is urging operators of commercial entities to work with the agency to ensure the proper disposal of solid waste. As such, he is advising developers to check with the Authority on proper waste-disposal protocol before they begin construction. Executive Director of the National Solid Waste Management Authority (NSWMA), Audley Gordon, is urging operators of commercial entities to work with the agency to ensure the proper disposal of solid waste.While the NSWMA is not responsible for the removal of commercial garbage, Mr. Gordon told JIS News that business owners can consult the agency in order to put proper arrangements in place.He lamented that a number of commercial centres across the island do not have adequate facilities for solid-waste storage and disposal.As such, he is advising developers to check with the Authority on proper waste-disposal protocol before they begin construction.“First of all, you should make arrangements when you are building the plaza where the trucks will have access to get the garbage and where the garbage will be housed. All those things have to be included in the planning. We are appealing to commercial entities and developers to get us in on the conversation early when doing these plans, so that the solid waste management can be part of the overall strategy when you are building,” he stressed.The NSWMA Executive Director warned that persons who continue to litter could face stiffer sanctions under new regulations to come on stream shortly for breaches of the NSWMA Act.Meanwhile, Senior Investigator for the NSWMA, Phillip Morgan, said that operators of commercial enterprises should ensure that waste and other debris are properly containerised and taken to an approved dump site.This, he noted, is particularly important for food establishments, which must have a proper waste-disposal system in place in order to be issued a public health certificate to operate.For persons who contract the NSWMA, Mr. Morgan explained that an agent will visit the establishment to assess waste in terms of how many bags are generated per day or per week, and a rate will then be applied.“For example, if it is $200 to collect a bag and you generate 10 bags per week, you would pay $2,000 for the collection of waste every week. Persons who prefer to have waste removed from the premises daily will do so for an additional cost,” he said.Enterprises found in breach of the NSWMA Act will be charged with illegal dumping. This is a prosecutable offence under the law.Section 45A of the NSWMA Act stipulates that persons who dispose of waste in a manner not approved by the Authority, if found guilty, can be fined up to $1 million or sentenced to a nine-month jail term or both.“It may start with a ticket fine for littering. The lower end is $2,000 for the person who actually does the littering. For the person who employs the person doing the littering, it is $10,000. But, it may go up to as much as $1 million if brought before the court, and, also, they might face jail time,” Mr. Morgan outlined.The NSWMA is the regulator of the waste collection industry and is mandated to collect domestic or residential waste.Arrangements for waste collection and disposal can be made by business operators through the NSWMA’s regional bodies.These are Metropolitan Parks and Markets (MPM) Waste Management Limited, Southern Parks and Markets (SPM) Waste Management Limited, Western Parks and Markets (WPM) Waste Management Limited; and North Eastern Parks and Markets (NEPM) Waste Management Limited.Operators can also contract the services of a private waste collector. The NSWMA Executive Director warned that persons who continue to litter could face stiffer sanctions under new regulations to come on stream shortly for breaches of the NSWMA Act. Story Highlightslast_img read more

Harris County DA To Review Case Of Freed Death Row Inmate

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first_img Share Harris County District Attorney Kim Ogg has named Houston lawyer John Raley to review the case of former Texas death row inmate Alfred Dewayne Brown to determine if Brown is actually innocent of the shooting death of a Houston police officer and eligible for nearly $2 million in state compensation.Brown was freed in 2015 after spending a decade on death row for the 2003 slaying of Officer Charles Clark during a robbery of a check-cashing store. Brown insisted he wasn’t involved. The Texas Court of Criminal Appeals granted him a new trial, ruling his rights were violated because a detective failed to turn over telephone records that could have aided his defense.The previous district attorney, Devon Anderson, dropped charges but declined to pursue Brown’s actual innocence claim.last_img read more

Home Prices Rising Economy Cant Keep Up

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first_img In the Northwest and Texas alike, homes are outpacing the economy, according to the Q4 2016 RMBS Sustainable Home Price Report from Fitch Ratings.The Dallas-Fort Worth area experienced home prices overvalued by as much as 10 to 15 percent, and in the western U.S., home prices have seen similar rapid growth outpacing economic fundamentals necessary to keep them sustainable.”Oregon in particular has become an increasingly frothy housing market over the last couple of years,” said Samuel So, Director of Fitch. “A sustainable market at the end of 2014, home prices in Oregon are now overvalued by five percent to nine percent.”Home prices are growing at a rate of around 3 percent annually, and areas which Fitch has previously listed as undervalued have been able to rebound. According to Fitch, the housing market in Chicago-Naperville-Elgin areas, which have become sustainable over year-over-year.Areas such as Florida may also see growth in home prices, with a declining distressed inventory, but “rapidly falling distressed inventory may be leading to the increase in home prices without the economic fundamentals in place to support the rate of growth,’ said So. For example, The Tampa-St. Petersburg-Clearwater area of Florida has experienced overvalued home prices of five to nine percent since 2015.Several areas are listed as undervalued, particularly in the East. The New York City area has been undervalued for at least three years, according to Fitch, along with the entire state of New York. Other states in the eastern U.S., including Connecticut, Rhode Island, and New Jersey have seen similar trends, with home prices falling below the sustainable market value.Home prices in most of the country have been outpacing inflation for several months, according to other sources as well, CoreLogic data from January 2017 has shown that the shrinking inventory has driven this trend. “With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. “Over the 12 months through January of this year, the CoreLogic Home Price Index recorded a 6.9 percent rise in home prices nationally and the CoreLogic Single-Family Rental Index was up 2.7 percent—both rising faster than inflation.”View the full report from Fitch here. Economy Home Prices Inflation 2017-04-03 Seth Welborn Home Prices Rising, Economy Can’t Keep Up Sharecenter_img in Daily Dose, Headlines, News, Origination April 3, 2017 563 Views last_img read more

Arizona Cardinals head coach Bruce Arians watches

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first_imgArizona Cardinals head coach Bruce Arians watches during the second half of an NFL football game against the Jacksonville Jaguars, Sunday, Nov. 26, 2017, in Glendale, Ariz. (AP Photo/Ross D. Franklin) Former Arizona Cardinals head coach Bruce Arians came out of retirement to take a head coaching position with the Tampa Bay Buccaneers, the Buccaneers announced Tuesday.Arians, who spent the 2018 season as an in-game analyst for CBS Sports, ended his coaching career following the 2017 season. He said previously that he would only come out of retirement if he were given a chance to coach the Cleveland Browns, but in the most recent iteration of the NFL coaching hiring cycle, his interest in the Tampa Bay job became known. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo The #Bucs are signing Bruce Arians to a 4-year deal with a fifth-yaer option, source said. Among the coaches Arians hopes to finalize deals with: Harold Goodwin as Run Game Coordinator/OLine, Byron Leftwich as Pass Game Coordinator and Clyde Christianson as QB coach.— Ian Rapoport (@RapSheet) January 8, 2019On Dec. 31, Rapoport said that Arians sent him a text message confirming his interest to coach the Buccaneers. “I know Jason (Licht). So, I would listen,” the text reportedly read. Jason Licht is the general manager of the Bucs and worked in the Cardinals front office while Arians coached in Arizona. Related LinksArizona Cardinals hire Kliff Kingsbury as next head coachMahomes, Brady speak highly of new Cardinals hire Kliff KingsburyThe 5: Resume highlights for Kliff Kingsbury as Cardinals head coachWho the Cardinals interviewed before hiring Kliff KingsburyNFL head coaching job tracker: Cards hire Kingsbury as next head coachArians, 66, has been an NFL head coach just once (not including his 12 games as interim head coach of the Colts), but has decades of experience coaching both at the professional and college levels. He was the offensive coordinator of the 2008 Pittsburgh Steelers team that beat the Cardinals in the Super Bowl and coached quarterbacks that include Peyton Manning, Andrew Luck, Ben Roethlisberger and Carson Palmer. “Cleveland is the only job I would consider,” Arians told the Canton Repository in November.Arians will take a four-year deal with a team option for a fifth year, per the NFL Network’s Ian Rapoport.Rapoport notes several former Cardinals coaches as targets for Arians’ staff. Former Cardinals kicker Phil Dawson retires 12 Comments   Share   Top Stories Derrick Hall satisfied with D-backs’ buying and selling In five seasons leading the Cardinals, Arians went 40-27-1 and took Arizona to the playoffs twice, including an appearance in the NFC Championship game. Arians’ replacement Steve Wilks went 3-13 in his first and only season before being fired. Former Texas Tech head coach Kliff Kingsbury was hired as Arizona’s next head coach on Tuesday. Grace expects Greinke trade to have emotional impactlast_img read more

TV technology provider Access is using the CES sho

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first_imgTV technology provider Access is using the CES show in Las Vegas to unveil a new social video platform, ACCESSMyTV.The platform provides for the creation of personalised web video channels that can be shared with friends and family via social networks such as Facebook and Twitter. The resulting consumer engagement will in turn enable ACCESSMyTV to support targeted advertising, according to Access.“The platform is the simplest and most powerful route to launching a multi-screen OTT service, giving CE device manufacturers, broadcasters and operators the opportunity to embrace the social TV revolution and create new recurring revenues,” said Neale Foster, vice-president of global sales IA, ACCESS. “ACCESSMyTV makes life easy for operators, allowing them to launch a social TV service with an abundance of content from the word go. The platform operator can further serve the needs of the ever-hungry consumer by providing them with access to free web video, premium content, games and apps.”last_img read more

2010Daily TelegraphProsecutors warn over newspaper

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first_img 2010Daily TelegraphProsecutors warn over newspaper speculation about charging Bloody Sunday soldiersPSNI PPS read more

In This Issue… Currencies metals find a bid…

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first_imgIn This Issue… * Currencies & metals find a bid… * Retail Sales disappoint, big time! * BOC to meet today… * And Richard Duncan on this TTT! And, Now, Today’s Pfennig For Your Thoughts! Big Ben Visits Congress… Good day… And A Tom Terrific Tuesday to you! Well… the MRI I had done on my brain last week showed nothing… HAHAHAHAHA! Yes, there was nothing there! Of course my beautiful bride has told me that for years! And then there were the teachers back in the school years that muttered such things… But seriously… the good news is that no sign of lesions in the brain… I got to thinking yesterday about these bouts I’ve had with cancer… they have hit me, much like I used to play golf… left kidney, right femur & hip, left eye, right mandible… they used to call that “Army golf” left, right, left, right… Well, here we go again! Once again, the traders and hedge fund gurus are selling dollars ahead of a Fed event, in hopes that additional stimulus will be announced at the event. Today, it’s Big Ben Bernanke giving his testimony to lawmakers on the economy. You would think that having been disappointed time and time again by the Fed Heads, that going down this road once again would be avoided at all costs… But, as I told you about a month ago… the crown that gets placed on your head forever, when you are the first to call something, holds great value to these traders and hedge fund gurus, so they are always willing to go out on the limb… I would be surprised 6-ways from Sunday if Big Ben even mentioned stimulus today and tomorrow as he speaks to the Senate and House on different days. But that’s not stopping the bias to sell dollars which began yesterday mid-morning, and continued throughout the day and overnight sessions. So… we begin the day today with the euro having moved from playing peek-a-boo with the 1.22 handle to now playing the game with the 1.23 handle… The last time, we went into a Fed event with the traders et.al. selling dollars in hopes of an additional stimulus announcement, the euro got whacked by 2-cents when the disappoint set in… So, the downside risk today is great, folks… be careful… But then if you are one to think that Big Ben will use the testimony on the economy to announce additional stimulus, then you’ll want to jump on the “we got the call right first crowd” bandwagon… I’m skeptical, at best here, folks… I really don’t think Big Ben, even with his, “what you dare to question the great and powerful Oz” mantra, would take this time to announce additional stimulus… Getting on… Remember when I told you that German exports were kicking tail once again with the relatively weaker euro allowing their manufactured goods to be more competitive? Well, if the were doing well when the euro was 1.30, imagine how well they are doing with it around 1.23! it is now thought that the weaker euro will allow Germany’s nominal Trade Surplus to equal 4% of the German GDP… So… German exporters are happy campers with the weaker euro… as they should be! And as long as the euro remains stronger than the dollar, given the problems of the Eurozone, what does that tell one about the dollar? OK… The Bank of Canada (BOC) meets this morning to discuss rates… this will be a non-event, as BOC Gov. Carney, wants to remove monetary policy stimulus, but just can’t pull the trigger with all the problems of the Eurozone and the U.S. right now. The Eurozone is in recession, and the U.S., although I say it never left the depression, but officially came out of recession, is ready to re-enter it, says, PIMCO Bond king, Bill Gross… So, I don’t expect much in the way of movement from the Canadian dollar / loonie, from this non-event BOC meeting… I think everyone knows the hand that the BOC has been dealt at this point. The Reserve Bank of Australia (RBA) meeting minutes for the July meeting earlier this month, were balanced to slightly hawkish. The RBA once again said that they were comfortable with the current rate cuts made, and will continue to monitor the effects of those rate cuts made earlier this year. These meeting minutes have helped the Aussie dollar (A$) to continue to gain in the $1.02 handle, heading to $1.03… Last night, Japanese Finance Minister, Azumi, tried his hand a jawboning in an attempt to slow down the speculative trading in the Japanese yen. This is typical of how the Japanese do things… the yen is strong, as it briefly went below the 79 handle yesterday (yen is a European priced currency, so the lower the number the more in value it has VS the dollar), and this strength in the yen has been driving Japanese officials crazy… But, as I’ve said before, they can jawbone all they want, the markets are not afraid of the Bank of Japan (BOJ) any longer, for they know all too well that to really move the yen weaker, and cause massive losses for holders of yen, that the BOJ would have to work in coordination with the U.S. and Eurozone… They have other problems work on right now to deal with Japan’s currency strength problem… In China the State Council will meet this week, and from this meeting we could very well see the additional measures that will be adopted by the Chinese Gov’t in an attempt to regenerate the moderating economy. The Chinese renminbi/ yuan posted gains overnight. This is the first time in a week or so that Chinese officials have allowed the renminbi/ yuan to gain. So, maybe, they know something about Big Ben’s visit to the Senate today… And here we go again with Gold, as it nears $1,600 again this morning… The shiny metal has been manipulated so much lately that it’s difficult to get traction. Artur over in our Business FX group told me about a new Gold trading platform that Italy started last week… Good for them! I talked at length about Gold manipulation in the next edition of the Review & Focus, which is sent monthly to EverBank World Markets clients. You’ll want to pick up a copy of that at your nearest newsstand when it comes out! HA! When will the public demand this be stopped? When a much larger percentage of the population owns Gold… that’s when! Well… yesterday’s Retail Sales data here in the U.S. for June was absolutely disappointing, just as I said it would be… June Retail Sales fell -.5% when a +.2% gain was forecast. Not by me! But by the so-called experts… Of course if these experts would just check the BHI (Butler household Index) it has a more consistent indication of what Retail Sales will be… So, Big Ben Bernanke will have this data in his back pocket when he travels to the Senate today… The back side of the financial storm is moving more onto our shores, folks… More and more economic data confirm that, and still no one does a thing about it… We’ll be inundated with economic data today… some of it stupid pet tricks, and some of it worthy of the paper it’s printed on. CPI will print… and so too will Industrial Production and Capacity Utilization… Long time readers know under what category those economic data prints fall under… But when it’s all said and done today… the markets will be moved by Big Ben Bernanke’s testimony or they won’t… the economic data will be “extras” today… Then There Was This… Richard Duncan is an author and analyst that has written at least two books that I have poured myself into over the years… First it was: The Dollar Crisis, that was written about 10 years ago, and then the most recent book, The Corruption of Capitalism… He “gets it”, folks… Always has… and he was interviewed on CNBC yesterday, and decided to tell the world that he believes the risk of a new depression… Here are a couple of snippets from his interview on CNBC Europe yesterday. Richard Duncan – “When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression. If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it.” Chuck again… I have to say that reading that gives me the chills… and would hope that we don’t get to that… Hopefully, spending cuts that would alleviate the need to go to the credit markets will steer us around that problem… But the spending cuts have to come, folks… NOW! In addition, I sent an email to my friend, John Mauldin, yesterday after I saw him on Bloomberg TV, talking about the debt, and how he was optimistic that Congress would do the right thing and begin to cut debt… my email simply said, “John, you are far more optimistic than I regarding Congress and their will to cut the deficit spending and debt… I believe there is no political will to do so, for it does not get them reelected, and with the large number of voters receiving some sort of Gov’t payouts, to cut those payouts would be suicidal for their reelection chances… John replied… “If we don’t, then it is a disaster of Biblical proportions”… I agree with that… but then I’ve been telling people about the disasters that this growing debt were going to cause for over a decade now… To recap… The currencies and metals began to gain mid-morning on Monday, and carried on throughout the overnight sessions. It seems the traders et.al. don’t ever learn a lesson… they are once again selling dollars ahead of a Fed event, in hopes to be the first to take advantage of an announcement of additional stimulus… Chuck thinks they will once again be disappointed by the Fed Heads… The BOC meets today, expect no move, and the RBA meeting minutes had a hawkish bias to them. Currencies today 7/17/12… American Style: A$ $1.0285, kiwi .7980, C$ .9850, euro 1.2285, sterling 1.5635, Swiss $1.0230, … European Style: rand 8.1930, krone 6.0835, SEK 7.0105, forint 233.35, zloty 3.40, koruna 20.6240, RUB 32.43, yen 79.05, sing 1.2625, HKD 7.7560, INR 55.08, China 6.3730, pesos 13.19, BRL 2.0345, Dollar Index 83.08, Oil $88.53, 10-year 1.48%, Silver $27.41, and Gold… $1,593.30 That’s it for today… a great 9th inning rally and win last night by the Cardinals… of course I didn’t see it until this morning! 4th day on my new medicine… so far so good, It just makes me feel a bit off-kilter… but then it’s only been 4-days… in 4 weeks that will be a better judge! This nasty cold bothers me more than the chemo medicine! In fact, it woke me up much earlier than I get up this morning, so I had me a bowl of Cheerios for breakfast! With toddlers always at the house, Everett and Braden, there are always Cheerios! And How about that guy that caught the little girl that fell out of a 3rd story window? WOW! And Happy 50 years of performing, to the Rolling Stones… They celebrated that last milestone last week! Sticky Fingers is still my fave Stones album… And with that… I hope you have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_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

Smartphones camera could help perform nonclinical diagnostic testing in rural areas

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first_imgA smartphone’s camera can distinguish up to 16-million colors. We’re taking advantage of this capability to do the same kind of diagnostic testing that a microplate reader does in a laboratory — except we’re using an everyday phone.”Zhendong Cao, who recently graduated with a master’s degree in applied sciences Related StoriesOlympus launches next-generation X Line objectives for clinical, research applicationsScientists develop universal FACS-based approach to heterogenous cell sorting, propelling organoid researchAMSBIO offers new, best-in-class CAR-T cell range for research and immunotherapyTypically, researchers perform diagnostic tests in a laboratory that is equipped with a microplate reader. Microplate readers can cost thousands of dollars and weigh more than 50 pounds. Cao’s device is part of a system that, when completed, will allow researchers to carry out those same laboratory tests anywhere in the world.To develop his technology, Cao modified the software inside a smartphone’s camera to analyze the amount of colored pixels and UV light in a photo of a biological sample.The colors in the photo’s pixels correspond to a known “signature” produced by a substance — for example, estrogen — that the researcher or health-care provider is investigating. The way light is absorbed or emitted can indicate a sample’s concentration, such as how much estrogen is present in saliva. In addition to estrogen, the researcher or clinician could test other indicators of women’s reproductive health and stress levels, which could affect her ability to get pregnant.To improve the accuracy and efficiency of the tests, Cao also created a light-blocking container the size of a cookie tin that houses multiple samples for testing. The container shields against interference from ambient light and helps the smartphone capture a more precise image. Altogether, Cao demonstrated that the result of the smartphone’s tests were comparable to the original microplate reader technology.Cao’s innovation could enable high-quality lab testing to become hand-held, supporting faster research in the short term, or perhaps one day, more rapid access to reproductive health information and diagnoses in rural areas.Though Cao’s innovation is not yet commercialized, the team hopes to test it for Nepomnaschy’s field studies in rural areas in the future. Source:Simon Fraser University Reviewed by James Ives, M.Psych. (Editor)Jun 27 2019A Simon Fraser University researcher is hoping to help women in rural areas access information about their reproductive health using a common tool in their pockets: a smartphone.Zhendong Cao has developed a unique way to take advantage of a smartphone’s camera so that it could eventually help perform non-clinical diagnostic testing, with initial applications that can help women with family planning and reproductive health monitoring.Cao’s thesis project was co-supervised by engineering science professor Ash Parameswaran and health sciences professor Pablo Nepomnaschy. The research addresses a key challenge for Nepomnaschy’s field studies in Guatemala.last_img read more

Japan startup Mercari soars in first day of Tokyo trade

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first_img Citation: Japan start-up Mercari soars in first day of Tokyo trade (2018, June 19) retrieved 18 July 2019 from https://phys.org/news/2018-06-japan-start-up-mercari-soars-day.html The company initially priced its stock at 3,000 yen ($27.30) a share, at the top of a prospective range.But that price was quickly surpassed on Tuesday, with shares trading at around 5,300 yen at the close, valuing the firm at over 700 billion yen ($6.37 billion).”Mercari got off to a flying start” with investors impressed by its successful business model, Shinichi Yamamoto, a broker at Okasan Securities, told AFP.The online marketplace, started in 2013, allows users to buy and sell everything from clothes and electronic goods to event tickets.Payment is not validated until the purchased item is received by the buyer, which has reassured users wary of buying second-hand goods online.Mercari has attracted international attention for its steady growth. It says it has around one million products on sale on any given day and generates $100 million a month in transactions globally.”We felt it was the right moment to go public,” founder Shintaro Yamada said at a press conference on Tuesday afternoon.The app has tapped into a relatively new but vibrant market in Japan for second-hand goods, which has also seen success for bricks-and-mortar stores specialising in used books and electronics.Yamada has said the idea for the app came to him as he travelled abroad and saw the appetite for used goods and the power of mobile shopping.”Things that don’t have value for oneself have a lot for others and our goal is to become an international marketplace,” Yamada added Tuesday.”We’ll feel that we succeeded when the platform is not only a success in the United States but at an global level.”Mercari has already begun expanding overseas, launching in the United States in 2014 and in Britain in 2017, and is expected to plough some of the funds raised by its share offering into further international expansion. Flea market app Mercari soared Tuesday as it debuted on the Tokyo Stock Exchange, a major success for a rare Japanese “unicorn”—a start-up valued over $1 billion. Japanese messaging app Line raises over $1.1 billion in IPO Chairman Shintaro Yamada (front 3rd L) and president Fumiaki Koizumi (front 3rd R) of Mercari, a Japanese flea market app, pose with other officers at the Tokyo Stock Exchange to celebrate their company’s debutcenter_img © 2018 AFP Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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