US President Barack Obama.The United States will withdraw all 33,000 Americans troops from Afghanistan by the summer of 2012, beginning with an initial drawdown of 10,000 surge forces by this year-end, President Barack Obama said.”Starting next month, we will be able to remove 10,000 of our troops from Afghanistan by the end of this year, and we will bring home a total of 33,000 troops by next summer, fully recovering the surge I announced at West Point (in December 2009),” Obama said in a nationally televised speech from the White House late on Wednesday night.”After this initial reduction, our troops will continue coming home at a steady pace as Afghan Security forces move into the lead. Our mission will change from combat to support. By 2014, this process of transition will be complete, and the Afghan people will be responsible for their own security,” he said.The US President said America was starting the drawdown from a position of strength, asserting that al-Qaeda was under “more pressure” than at any time since 9/11.”Together with the Pakistanis, we have taken out more than half of al-Qaeda’s leadership. And thanks to our intelligence professionals and Special Forces, we killed Osama bin Laden, the only leader that al-Qaeda had ever known,” he said. .Obama said nearly ten years ago, America suffered the “worst attack” on its shores since Pearl Harbour.”This mass murder was planned by Osama bin Laden and his al-Qaeda network in Afghanistan, and signaled a new threat to our security – one in which the targets were no longer soldiers on a battlefield, but innocent men, women and children going about their daily lives,” he said.advertisement”In the days that followed, our nation was united as we struck at al-Qaeda and routed the Taliban in Afghanistan. Then, our focus shifted. A second war was launched in Iraq, and we spent enormous blood and treasure to support a new government there. By the time I took office, the war in Afghanistan had entered its seventh year.”But al-Qaeda’s leaders had escaped into Pakistan and were plotting new attacks, while the Taliban had regrouped and gone on the offensive. Without a new strategy and decisive action, our military commanders warned that we could face a resurgent al-Qaeda, and a Taliban taking over large parts of Afghanistan,” the President said.For this reason, Obama said, “in one of the most difficult decisions that I’ve made as President, I ordered an additional 30,000 American troops into Afghanistan.”He said when he had announced this surge at West Point, US had set clear objectives — to refocus on al-Qaeda, reverse the Taliban’s momentum and train Afghan Security Forces to defend their own country.”I also made it clear that our commitment would not be open-ended, and that we would begin to drawdown our forces this July.”- With PTI inputsFor more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.
November 27, 2019
Don’t miss out on the latest news and information. SEA Games: Biñan football stadium stands out in preparedness, completion SEA Games: Biñan football stadium stands out in preparedness, completion Sports Related Videospowered by AdSparcRead Next Happy birthday, King! Greetings pour in for LeBron James as he turns 34 NorthPort’s star guard averaged a league-best 21.0 points per game, ahead of reigning MVP June Mar Fajardo’s 20.6 ppg, while also averaging 3.03 three-pointers a game.Fajardo, meanwhile, is the league’s best rebounder with an average of 12.36, topping both the defensive and offensive categories.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine football chiefSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSan Miguel’s jovial giant, who is second in the statistical race for MVP, is the best under the offensive glass with 5.0 rebounds per game and also in the defensive end with 7.36 rebounds per game.Alaska’s dashing guard Chris Banchero was the best playmaker of the season with 5.8 assists per game LATEST STORIES LOOK: Joyce Pring goes public with engagement to Juancho Triviño MOST READ Is Luis Manzano planning to propose to Jessy Mendiola? BREAKING: Corrections officer shot dead in front of Bilibid TS Kammuri to enter PAR possibly a day after SEA Games opening Private companies step in to help SEA Games hosting PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Hotel management clarifies SEAG footballers’ kikiam breakfast issue Blackwater’s defensive-oriented center Poy Erram was the league’s shot blocker with an average of 1.93 blocks per game.NorthPort’s Swiss Army knife Sean Anthony led the league in steals averaging 2.0 per game.Kiefer Ravena, who was suspended midway through the season due to anti-doping sanctions, was the best-scoring rookie of his class.NLEX’s young star averaged 16.13 points per game while San Miguel’s Christian Standhardinger was at second with 16.07 points per game.Standhardinger, though, was the best rebounder among rookies and the fourth-best overall in the league with 9.26.ADVERTISEMENT MANILA, Philippines—Stanley Pringle boosted his bid for a first MVP plum as he became the PBA’s leading scorer for the 2017-18 season.ADVERTISEMENT View comments
November 18, 2019
Max Verstappen, the youngest winner in Formula One history and a driver most regard as a future champion, has agreed to stay with Red Bull through the 2020 season.Red Bull announced the deal Friday before the start of practice at the U.S. Grand Prix. Red Bull had been eager to lock down their rising star for the long term before he could be poached away.The 20-year-old Dutch driver has shaken off early-season struggles with a win in Malaysia and a second place in Japan over the last two races. His first career victory in Spain in 2016 made him the youngest driver to win in Formula One.Verstappen started with Red Bull’s young driver program when he was 16.
November 18, 2019
After weeks of teasers and promotions, Oppo has finally launched the successor to the F3 with the F5 at an event in the Philippines. The smartphone highlights a near bezel-less design, facial recognition, and a massive 20-megapixel front-facing camera with AI Beauty Recognition technology, among other things. The selfie-centric Oppo F5 has been priced at PHP 15,990 (approx. Rs 20,000) for the 4GB + 32GB model and will go up for pre-orders in the Philippines on October 27 with sales starting next week. The smartphone is expected to hit the Indian market on November 2.The Oppo F5 joins the ever growing list of smartphones with edge-to-edge displays. It sports a 6-inch FHD+ (1080×2160) display with an aspect ratio of 18:9, making it the company’s first full-screen smartphone. The handset sports a metallic build and with antenna lines on the back pushed to the edges on the top and bottom. Since the smartphone features slim bezels on the front, Oppo has moved the fingerprint sensor to the back just above the logo. It will be offered in a choice of Black and Gold colours as well as a Red colour option which is limited to the 6GB + 64GB configuration. The price of the higher storage variant is yet to be known.The smartphone runs on ColorOS 3.2 based on Android 7.1. It comes with a triple slot tray that supports two nano SIM cards and one microSD card. The handset is powered by an octa-core MediaTek MT6763T chipset with ARM Mali G71 MP2 800MHz GPU. The Oppo F5 comes in two storage options, one with 4GB of RAM and 32GB of internal storage and the other with 6GB of RAM and 64GB of inbuilt storage, both of which are expandable up to 256GB via a microSD card.advertisementThe Oppo F5 stays true to the company’s selfie-centric roots and sports a huge 20-megapixel front sensor with f/2.0 aperture. The rear sees a 16-megapixel sensor with f/1.8 aperture.Both the cameras support LED flash. Oppo says that the front camera is integrated with AI-based beauty technology as well as a facial feature optimisation technology to help create the perfect selfie. “With more than 200 positioning spots, the F5 accentuates your facial landmarks and contours to enhance the symmetry between features like your eyes, nose, cheekbones and jawline to create the perfectly refined and natural selfie. Its beauty-iris tool ensures that your eyes will shine brighter in any photo.” It also has a Portrait mode for bokeh shots.Also Read: Xiaomi to launch selfie-centric phone in India on November 2, it could be Mi Note 3The smartphone packs a 3200mAh battery includes connectivity options such as Wi-Fi 2.4/5GHz 802.11 a/b/g/n, Bluetooth 4.2, GPS, and OTG support, among others. Sensors include distance, light, G-sensor, E-compass. The Oppo F5 measures 156.5x76x7.5mm and weighs 152 grams.Interestingly, there have been reports that OnePlus will come out with its own bezel-less smartphone, called the OnePlus 5T and rumours have suggested that the smartphone will have a design language similar to the Oppo F5. Whether this is true or not remains to be seen as the OnePlus 5T is expected to launch after November 20. Meanwhile, you can expect the Oppo F5 to arrive in India on November 2 and will likely be priced around Rs 20,000.
October 28, 2019
Puel praises Leicester players after Cup defeatby Paul Vegas10 months agoSend to a friendShare the loveLeicester City boss Claude Puel was full of praise for his players after their Carabao Cup quarterfinal defeat to Manchester City.City overcame Leicester 3-1 in a penalty shoot-out in the fifth round clash at the King Power Stadium after the sides had been tied at 1-1 after 90 minutes. “Of course, it’s a disappointment,” Puel told LCFC TV at the full-time whistle. “It’s the second time after last season against the same opponent. We lost with the lottery of penalties and it’s harsh.“We have a good feeling like the one before in the League Cup, but I think it’s disappointing because we played a complete game with a good structure, good organisation and good performance in the first half.”The details to allow us to make a better counter-attack… it was a shame to concede this goal without conceding a chance. After, we came back in the second half with more confidence. We corrected some details at half-time and we played well in the second half. “We deserved to come back in the game. We were close to this team. We came back and perhaps we could have won at the end if we were a little more clinical in some situations, but I praise our game.“Of course, I’m disappointed for my players because they gave their best. They worked hard on the pitch and showed togetherness. I think we had quality.“Sometimes, we played under pressure in the first half, but we had good organisation and in the second half we played with more quality, with more confidence. Step by step, we’re improving our play.” About the authorPaul VegasShare the loveHave your say
October 17, 2019
LEWISPORTE, N.L. — A Newfoundland woman who launched a desperate bid to find family members missing thousands of kilometres away in a fire-ravaged California town says the search has come to a difficult end.Megan Janes says her aunt and uncle, Paradise residents Paula and Randy Dodge, are no longer missing but also “no longer with us.”In a post on Twitter, she says her family has “found our answer” and asks for prayers as they get through this “very difficult time.”Janes adds that her “heart is quite heavy” but that “God will see us through.”The couple were among hundreds of people reported missing after a massive blaze, called the Camp Fire, levelled the Northern California town.Nearly 8,800 homes were destroyed when flames hit Paradise, killing at least 56 people in the state’s deadliest wildfire. At least 130 people are still missing.The Canadian Press
September 28, 2019
Junior forward LaQuinton Ross attempts a shot over a Nebraska defender during the Big Ten Tournament March 14 at Bankers Life Fieldhouse. OSU won, 71-67.Credit: Shelby Lum / Photo editorINDIANAPOLIS — With a chance to play in their sixth straight Big Ten Conference Tournament Championship Game, all Ohio State has to do is get past its biggest rival.After clawing back from the bowels of an 18-point deficit Friday to defeat the Nebraska Cornhuskers, 71-67, the No. 5-seeded Buckeyes (25-8, 12-8) — powered by a career-high 26 points from junior forward LaQuinton Ross — now find top-seeded Michigan waiting for them in the semifinals.The Wolverines (24-7, 16-3), survived a scare from Illinois in the quarterfinals, holding on to win 64-63 after the Fighting Illini’s last second shot fell helplessly to the Bankers Life Fieldhouse court.In the lone regular season meeting between OSU and Michigan, the Wolverines came to Columbus Feb. 11 and slid by the Buckeyes, 70-60.“This is a big time rivalry. Since I’ve been here that was the first time that’s happened, us only playing Michigan once and they beat us on our home court so it’s going to be a good game (Saturday),” Ross said after OSU’s victory against Nebraska. “Michigan’s a good team.”In the matchup last month — Michigan’s first win in Columbus in 11 years — OSU led by as many as eight in the second half, before Wolverine leading scorer and sophomore guard Nik Stauskas capitalized on an offensive dry spell by the Buckeyes take the lead for good. Stauskas led Michigan with 15 points, and freshman guard Derrick Walton Jr. scored 13 points and grabbed 10 rebounds.OSU has won six of eight games since the loss, but senior guard Aaron Craft said the rivalry takes a bigger leap Saturday because it’s at the Big Ten Tournament.“I think it’s going to mean a lot. You never want to go out losing to them. Obviously it’s a big rivalry for us and we only have to play them once,” Craft said. “You miss being able to go up there and play in front of their fans. Luckily we get them again. Not that it makes it any easier or anything like that, but it’s going to be a big game and hopefully we come ready to play.”Michigan shot 10-30 from beyond the arc in its win Friday against Illinois, its first game at Bankers Life Fieldhouse after earning a bye in the first round. OSU ranks third in the nation in defending the 3-pointer, as its opponents are shooting just 28.5 percent from there so far this season. Keeping the Wolverines’ shooters in check is going to be a team effort, Craft said.“Obviously they’re shooting the ball well. You’d think, first game coming in they’re not going to shoot that well with not that much time in the gym but they came out firing today,” Craft said. “It’s a team defensive game.”The game Saturday is set to be OSU’s third in three days, and after exerting plenty of energy while applying full court pressure to get back and eventually win the game against Nebraska, the Buckeyes could be feeling the effects.Don’t tell that to sophomore guard Amedeo Della Valle, though.“I don’t think we’re tired at all. Our last week of practice being very intense, we did a lot of conditioning to get ready for the tournament,” Della Valle, who came off the bench to score 12 points against the Cornhuskers, said. “But we gotta be ready to stop their offense because they’re very good offensively, guys like Stauskas and (sophomore guard Caris) Levert. They can shoot threes, and we gotta play physical.”OSU is now 21-5 all-time the Big Ten Tournament, and the matchup with the Wolverines will be its 34th game this season. With that in mind, OSU coach Thad Matta said the Buckeyes are getting to what they’ve been working for all year.“I think that you hope, at this point of the season, all the work you’ve done dating back this year, Sept. 28, it can come to fruition,” Matta said.With their biggest rivals standing in the way of fighting once again for Big Ten supremacy, getting up to play shouldn’t be a problem, Craft said.“If you have to be begged to play (Saturday) than I don’t know if you should be here,” Craft said.Tipoff is set for 1:40 p.m. Saturday at Bankers Life Fieldhouse.
September 2, 2019
X To embed this piece of audio in your site, please use this code: 00:00 /01:02 Listen Flickr/Kumar Appaiah Share The House Committee on Criminal Jurisprudence heard testimony on a pair of bills to abolish the death penalty in Texas. Houston Representatives Harold Dutton and Jessica Farrar authored the bills.Speaking at a press conference before the committee hearing, Dutton said that, as the death penalty is administered, there’s too great a risk of innocent people being executed along with the guilty.“This is a system where the wrong person can be arrested. The wrong person can be tried. The wrong person can be convicted. The wrong person can be sentenced,” he said.Dutton has proposed a bill to eliminate the death penalty in every legislative session since 2003. Farrar has offered one of her own every two years since 2007. Opponents, arguing the death penalty remains an effective deterrent to violent crime, have stymied all efforts to get such a bill to the House floor.“This bill may not pass this time,” Dutton said. “But if it doesn’t pass this time, we’ll be here next time, fighting the same fight, trying to make sure that Texas gets on the right page when it comes to our criminal justice system.”The latest bills have just six weeks to make it through both chambers before the current legislative session ends.
September 1, 2019
By Brianna McAdoo, Special to the AFROWakanda forever has been taken to a new level at the Smithsonian National Museum of African American History and Culture (NMAAHC). On October 24, Chadwick Boseman’s “Black Panther” costume was on display for the first time as a part of the inaugural African American Film Festival at the National Museum of African American History and Culture.Released, in February of 2018, Marvel Studio’s “Black Panther” became the highest grossing Marvel film to present day and the ninth highest grossing film of all time. While making its way to the top of the box office chart, “Black Panther” re-emerged since it’s debut as a comic book character in 1966, remaining a cultural symbol of representation in the Marvel universe that lacks representation of Black characters.The Black Panther costume was revealed at the Smithsonian National Museum of African American History and Culture (NMAAHC) on October 24. (Photo by Brianna McAdoo)The “Black Panther” costume worn by Chadwick Boseman (King T’Challa/The Black Panther) was constructed of 3-D printed flexible materials. Rhea Combs, curator of Film and Photography and head of the Earl W. and Amanda Stafford Center for African American Media Arts both at NMAAHC, shared her knowledge about the construction of the costume.“I do know the mask is 3-D printed nylon…It has some velcro on it, it has some nylon, it has some various types of plastic. It’s about an eight piece suit when you think about the shoes, the gloves, the double body suit, that’s like the pants and the top so you have a variety of different elements that make up the Black Panther.”The iconic “Black Panther” suit was conceptualized by comic book artist and illustrator Andy Park. The design itself was executed by the award winning costume designer, Judianna Makovsky.The African American museum hosted over 80 films at their debut African American Film Fest which took place from October 24 through October 28. As part of the film festival’s mission to, “showcase historical and contemporary time-based media works highlighting African American and African diasporic experiences”, the “Black Panther” costume made a one night appearance on Thursday October 24.Have no fear, Curator Rhea Combs shared that the costume would be apart of the museum’s permanent collection, but did not have further details about when it would be exhibited as the museum is currently figuring out methods to preserve the costume. Combs went on to highlight the significance of the costume being featured in the film festival, “we think that it’s important to have on display during the film festival because the film festival is really about showcasing black excellence in all its variety of ways.”When asked, why “Black Panth”er is just as worthy of celebration as other celebrated Marvel films like Spiderman and Batman, Combs told the AFRO, “When you think about the history of superheroes and comics, African Americans have really not been sort of the main… This one is different in the fact that its unapologetic about the fact that the superhero, the protagonist, the main character is African, is unapologetically Black and I think that…you can’t deny that as a significant moment in a history when people have been erased,” she said.For more information about the African American Museum of History & Culture and their upcoming events, exhibits, visit https://nmaahc.si.edu.
August 30, 2019
September 11, 2017 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Opinions expressed by Entrepreneur contributors are their own. Register Now » Apple wasn’t the first company to introduce smartphones, but it was the first to release a handset device that convinced the masses to ditch their flip phones. Over the years, Cupertino’s ”best, not first” philosophy also has extended to new mobile technologies. Apple isn’t always the first, but when it does get involved, it plays to its strengths — delivering products that resonate with its loyal customers and attracting new converts to the brand. From there, the rest of the industry often finds itself playing catch-up.Change is coming.Despite selling 1.2 billion smartphones over the past decade, Apple hasn’t exactly been an innovator in recent years when it comes to iPhone. The company’s flagship device, which usually gets a design refresh in even-numbered years, has remained virtually unchanged since the iPhone 6/6 Plus arrived in 2014.Change finally is in the air. With the 2017 iPhone cycle, Apple is poised to release at least one new handset that looks significantly different than its most recent models. The so-called “iPhone 8” arrives a decade after the original iPhone took over the world. To commemorate this milestone, the new handset is expected to include features not yet seen on other mobile devices — even Apple’s own.It’s likely, however, the smartphone also will include a few clever nods to the past, borrowing design cues from previous devices. One of the most popular iPhones in history, the iPhone 4, is making a comeback of sorts via the iPhone 8. That earlier model (and its immediate successor, the iPhone 4s) featured a glass front and back. The iPhone 8 also will use glass in place of the metal on the back of current-generation models. Stainless-steel edges reported on the iPhone 8 are another wink to the iPhone 4 series.Related: A Decade of iPhone EvolutionNew features and functions.The iPhone 8 will differ markedly from other mobile devices in a few key areas. It will be the first handset to introduce 3-D facial recognition for unlocking and making payments. Thanks to newly designed infrared sensors, the facial-recognition tech will work even in the dark. The iPhone 8’s smart camera, meanwhile, will be the first in the industry to offer augmented-reality features for users and developers alike. This ties nicely into Apple’s recently introduced ARKit API, which allows third-party developers to build augmented-reality apps.Related: Augmented and Virtual Reality Headed to Macs and iPhonesApple’s next flagship device also will become one of the first smartphones to include a virtual home button, similar to ones found on the recently introduced Samsung Galaxy S8 and first-generation Essential Phone. Unlike the virtual home buttons on those handsets, however, the iPhone 8’s version likely will extend beyond basic controls. That’s why some are calling this not a home button but rather a “function area” or “home indicator.”All these upgrades could combine to make the iPhone 8 the first smartphone with a price tag surpassing $1,000 in the United States. Though some Apple fans might complain about this news, most will probably look right past it and make a purchase anyway. Don’t be surprised if other smartphone providers quickly follow to release their own pricey smartphones.Related: 16 Amazing — and Surprising — Uses of Facial-Recognition TechnologyOld or borrowed tech.The 3-D facial recognition and other new technologies will get plenty of press once Apple officially announces the iPhone 8. Ultimately, though, the company will rely on proven technologies to push the iPhone 8 into the winner’s circle.Chief among these will be the use of an OLED display — the first for an Apple handset. OLED, or Organic Light-Emitting Diode, replaces the liquid crystal displays (LCD) found on older iPhone models. With OLED, iPhone 8 users can expect better color reproductions and deeper blacks and whites. Samsung handsets long have used OLED displays. That makes good sense, since the South Korean giant is the world’s largest producer of the material. Incorporating OLED enables Apple to offer thinner bezels on the iPhone 8. Nearly the entire front of the device is expected to be made up of just the screen.Related: 7 Easy Ways to Save Your Eyes From Smartphone StrainInductive charging is another common Android-based feature now coming to iPhone. The late, great Palm first introduced the technology in 2009. Cupertino already embraced inductive charging for the Apple Watch, which it launched in 2015. “Tap to wake” rounds out the new-to-Apple function list. Users can wake their devices just by tapping on the glass.The bottom line.The Apple iPhone 8 should include a nice mix of new and maturing technologies. The phone not only represents the future of Apple but also gives the market an idea where smartphones will be headed in the coming months and years.Related: What the Creation of Apple’s iPhone Tells Us About Innovation Growing a business sometimes requires thinking outside the box. 5 min read
August 4, 2019
Another important change is the new procedure the IRS is said to be developing when considering the cases of delinquent or “out-of-compliance” dual-nationals and non-US residents. Those who fall into these categories might qualify for a greatly reduced penalty structure, or in some cases, no penalty at all. The terms of participation, the applicable penalty regime, and many other nuances of the program that carry potentially catastrophic financial and criminal consequences are beyond the scope of this service. Anyone who is unsure if they are in compliance with the reporting requirements for foreign held assets should consult a qualified tax attorney for further information and guidance on how to proceed. The trick to sleeping well at night and not fretting over headlines about the aggressive hunt for tax cheats by the IRS is to always stay compliant. If you are reading this you are most likely a freedom-seeking individual that is alarmed at the ongoing erosion of personal financial privacy in the US. And I totally understand and agree with these sentiments. In fact, these concerns were part of what motivated me to move to Europe several years ago. But regardless of how offensive these reporting requirements might be, we must comply … or else. And the “or else” part can be very unpleasant. Yet, do not let the intrusions of tax authorities (and the mounting stack of paperwork that must be dealt with) deter you from looking overseas for investment opportunities or for a primary or secondary residence, because that is precisely the intent of the IRS and Treasury Dept. Instilling fear of making a mistake, or some other insignificant oversight, and facing an interrogation by the IRS is definitely one of the primary goals of the authorities. Every dollar that is sent abroad has the potential to deprive some branch of government of tax revenue, or hinder economic growth because the money is spent into a foreign economy. As International Men and Women, it is our duty to stay in front of tax reporting regulations and remain legitimate. We must continue to hold some of our assets outside the US, and seek investment prospects wherever they may be. Internationalizing one’s life and wealth is no longer an option. Nor is it quaint cocktail party chatter with which to impress guests. It is an essential part of every investor’s wealth protection plan. Don’t put it off until it’s too late. Get started today. [To interact with other international men and women all around the world, consider joining the International Man Network. It’s completely free to join, plus you’ll have access to a private forum of thousands of like-minded individuals who are sharing their “boots on the ground” tactics and experience on how to internationalize one’s life and wealth. Sign up here.] By Kevin Brekke, International Man Here we go again. With the benevolent goal of morphing their unofficial motto from “We Care” to “We Care … Honest,” on January 9 the IRS announced the third incarnation of its indulgences-for-cash program, er, Offshore Voluntary Disclosure Program (OVDP). You can read the announcement here. Regular readers of International Man will be familiar with this initiative. In fact, the first two offerings of the program in 2009 and 2011 were titled “Initiatives” rather than “Programs.” Sounds like this might be the third step along a 12-step program to cleanse all the tax-infidels from within the US tax system. Quoting IRS Commissioner Douglas H. Shulman, “As we’ve said all along, people need to come in and get right with us before we find you.” The new program borrows heavily from the terms offered under the earlier initiatives. For instance, a tax payer who wishes to enter the 2012 program must file original and amended tax returns for the years 2004 through 2011, and pay all back taxes owed plus accuracy and delinquency penalties. However, there are several differences included in the 2012 version worth noting. The general penalty rate has been increased from 25% to 27.5% of the highest single-year aggregate value of unreported foreign bank accounts and other offshore assets over the eight-year period covered by the program. And the program is open-ended, with no closing date yet stipulated.
August 4, 2019
In This Issue… * Risk Assets take a beating… * Gross and others call for QE3… * China to repeat 2008-2009? * Here we go again… And, Now, Today’s Pfennig For Your Thoughts! Swinging A Mighty Hammer… Good day… And Wonderful Wednesday to you! Well… my first day back in the saddle went fairly well, the meetings were short-n-sweet, just the way I like them, and I got out of here at a decent time to get home and get my feet up… It was a busy day in the markets, with no economic data to guide the markets, they continued to steer toward the dollar… The currencies, metals, commodities and stocks are all on the run from the dollar this morning, all while people like PIMCO’s Bill Gross and Jan Hatzius at Goldman Sachs are telling their customers to prepare for QE3, to combat a slowing U.S. economy. Now, I don’t believe these two believe that QE3 is the answer that the Fed Heads believe it is, I think they are simply doing what I’ve said all along, and that is telling people what we see… And with the Fed Heads showing that they are bound and determined to keep the stimulus machine well oiled, they will once again feel that “they SHOULD do something”… However, the thought of QE3 might be shared by a few… the rest of the market participants haven’t gotten the memo yet… and the dollar is swinging a mighty hammer, and the risk takers, as I said yesterday, have all headed for higher ground… It’s a messy scene on the currency screens, I have in front of me… The Japanese yen is the only currency gaining VS the dollar this morning… And for those of you new to class, QE is Quantitative Easing, and QE3, would be the third round of QE that the Fed Heads implement… Now, I was told by someone that says he has friends in high places, and they don’t meet at the Oasis! No, seriously, his friends in high places have told him that the Fed will never call their next round of bond buying, or monetizing the debt, or when you get right down to it, money printing, Quantitative Easing… QE has become persona non gratis… So, while we all know what they’re doing… they won’t call it QE… And again, for those of you new to class, or a refresher for everyone else… The first two rounds of QE brought about higher stock prices, and a lower dollar against currencies and metals… So, that’s why I say the dollar is rallying in the face of these comments from Big Time analysts that QE3 is coming… Seems a little strange to me, how about you? You know… while I believe that the Chinese will continue with their slow general appreciation of the renminbi… I am having thoughts about 2008, when we saw the front of the storm… The Chinese basically held the renminbi steady until of June 2010, when they announced that they would return to a general appreciation of the renminbi. Will the Chinese do that again, or have they already begun to go down in their bunker? I ask this, because the renminbi hasn’t posted a gain in over a week! Yes, we’ve seen this before, but, given what I think is going on in the U.S. economy, and how badly the Eurozone has stepped in the dookie, I can’t seem to get the thought that it could be 2008 all over again for the Chinese… But… Let’s see… from August 2008 to June 2010, the renminbi remained steady Eddie VS the dollar, while 99% of the currencies lost ground, to the dollar as a safe haven… So, if that were to happen again, at least you have the potential opportunity to hold a currency that keeps your investment portfolio diversified with an allocation of an asset class that’s not dollar denominated, that holds its value in the face of dollar strength… I say “potential” because I don’t know any more than you do, if this is will happen… it’s just my opinion, and I could be wrong! So… here’s the rundown this morning… The euro has fallen below 1.30, as Greece can’t form a government, and the Greeks will have to go back to the election booths.. the Aussie dollar (A$) is still above parity, but is losing ground quickly, as the Aussie Prime Minister, Julia Gillard, threw the A$ under the bus again, by saying that the forecast for a budget surplus next year, will allow for more interest rate cuts… I have to stop for a minute here to say that I just don’t buy the Greek thing as the driver for further euro weakness… Initial weakness, yes… further weakness, no… It’s as if the markets are using it as an excuse to drive the euro down… Because, the Greek election thing is what it is… and yes, it presents an “unknown” which I’ve explained to you over the year that currency traders don’t like “unknowns”… but, this “unknown” is more like a tempest in a teacup, for not having a Greek Government doesn’t stop the Eurozone as a whole from functioning… OK… back to the blood in the streets, I mean the currencies and metals… Yesterday, at one point, Gold was down $40… It’s down another $15 this morning… Sure, go ahead and sell your Gold, get that price down so that I can buy more at a cheaper price! The selling of Gold, by some entity, either investors, hedge funds, Gov’t’s, isn’t stopping the Chinese from buying more Gold… Get this… Chinese Gold imports from Hong Kong in the first quarter of 2012 (this year!) totaled 135.5 metric tons… In 2011, the 1st QTR total was 19.7 metric tons! I’ve told you all quite a few times previous to this, but here goes… I truly believe that the Chinese are buying all this Gold so that when they finally allow their currency to be backed by Gold, in some percentage… It may not be 100%, but a 25% backing of Gold, would, in my opinion, make the renminbi the most attractive currency in the world… The Canadian dollar /loonie lost its grip on parity to the U.S. dollar yesterday. I think traders have given up their hope that all the lathering up they got from Bank of Canada (BOC) Gov. Carney, that interest rates would rise sooner than later. Canada saw some strong housing data yesterday, that briefly provided a speed bump to the decline in the loonie, but eventually the pull down from the U.S. dollar strength proved to be too much for Housing Data to offset. But, in case you’re keeping score at home, Canadian Housing Starts increased 14% in April, and like the U.S. the driver for Housing Starts is the multiple family units… The U.S. data cupboard is basically empty again today… Yesterday didn’t work out to well for the risk assets without data… I saw this blip yesterday and it struck me as something that is important… The Federal Reserve said borrowing by U.S. consumers rose in March for the seventh month in a row. Total borrowing increased $21.4 billion, the biggest jump since November 2001. Hmmm… very interesting don’t you think? And they say that you can’t get a loan? Seems like we’re heading right back to where we were prior to 2008… but then, that’s just me, I guess… Then There Was This… this was sent to me by Scott Pluschau, and he found it on Yahoo Finance… Here are the requirements to receive principal reduction on home loans at BOA… “To be eligible for the principal reductions, homeowners will have to meet certain criteria, including: having a loan owned or serviced by Bank of America, owing more on the mortgage than their property is worth, and being at least 60 days behind on payments as of the end of January” Chuck again… OK… what do I get for continuing to honor the contract I signed with my lender? What kind of principal reduction do I receive for being good, and continuing to pay on time? Have we really become a country of wimps? Take the easy way out? And what about BOA, not that I have a problem with them, but, what about giving these people some encouragement for making payments? Instead we just give everyone the easy way out? I shake my head in disbelief of what has come of this… To recap… The dollar is swinging a mighty hammer if the face of top analysts calling for QE3 to be coming soon… Gold has really gotten whacked the past two days. China has slowed down their general appreciation of the renminbi, is this 2008 again? U.S. consumers are borrowing at rates that haven’t been seen since 2001… Does that bother you like it does Chuck? Currencies today 5/9/12… American Style: A$ $1.0060, kiwi .7845, C$ .9955, euro 1.2965, sterling 1.6115, Swiss $1.0795, … European Style: rand 8.0250, krone 5.8415, SEK 6.8660, forint 223.55, zloty 3.2540, koruna 19.4570, RUB 30.31, yen 79.50, sing 1.2525, HKD 7.7630, INR 53.72, China 6.3096, pesos 13.47, BRL 1.9395, Dollar Index 79.98, Oil $96.35, 10-year 1.82%, Silver 28.85, and Gold… $1.587.15 That’s it for today… I mentioned the MoneyShow in Las Vegas yesterday where I’ll be headed next week to speak and mingle with EverBank clients. For those of you stuck on the right coast near the Big Apple… You could be in for a treat! The Big Boss, Frank Trotter will be speaking at the Hard Asset Conference at the Marriott Marquis in New York City at 12:20pm on Tuesday – check out this link for the conference and stop by the EverBank booth for a chat with the gang. Speaking of the MoneyShow in Vegas, I’ve got to get working on my presentations! YIKES! I used to have people that volunteered to put together the slide shows for my presentations… Now I have to do them myself, and I’m not even your last choice for a Power Point expert! But, I’ll struggle through it… and with that, I thank you for reading the Pfennig, and hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com
August 4, 2019
Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. Tosca recently received results from the 13 remaining holes from its phase two, 16,000 M (4,873 m) diamond drill program. Per Tosca’s Chairman, Dr. Sadek El-Alfy, “the drill program has successfully verified historic drill results of the shallow Copper-Molybdenum cap and confirmed the presence of a deeper, well mineralized Molybdenum Porphyry deposit.” The results of 21 holes drilled through the copper/moly cap in Tosca’s 2011 drill program give a weighted average grade of 0.39 % Cu over a core length of 113 feet (34.5 m). Since the copper cap is subhorizontal, the average core length can be interpreted as being approximately equivalent to true width. The copper/moly cap is crescent shaped, approximately 4,000 feet (1220 metres) long and 400 feet (122 m) to 1000 feet (305 m) wide.The 2011 program encountered numerous thick Molybdenum mineralized intervals including Hole TMC-25 wich intersected 1,189 feet (362.4 m) averaging 0.089 per cent Mo including 830 feet (253 m) of 0.1 per cent Mo from 359 feet (109.8 m) to the bottom of the hole. Hole TMC-29 cut 989 feet (301.4 m) averaging 0.09 per cent Mo including 139 feet (42.4 m) of 0.16 per cent Mo. The molybdenum grades are similar and in some cases higher than those of projects currently considered of potential economic interest.”Aggressive plans are in place for 2012 to conduct metallurgical tests, produce an updated resource estimate and Pre Economic Assesment. Tosca is operated by an experienced mine development team, operates in Texas, a mine-friendly jurisdiction and its property iseasily accessible with infrastructure in place to advance operations. Please visit our website to learn more about the company ad request information. Sponsor Advertisement Scanning the precious metals battlefield, I’d guess that we’re getting very close to, or are already at, another record low Commercial net short position.The gold price struggled to stay above the $1,600 mark through most of Far East and London trading during their Thursday. But a rally began shortly before 1:00 p.m. in London…8:00 a.m. in New York…and by the time the high tick of the day was in about forty-five minutes later, gold had reached $1,616.60 spot.But that’s as high as it was allowed to get before it got sold down hard…and that, as they say, was that.From there, gold got sold progressively lower until around 12:30 p.m. Eastern time…which appeared to be its low of the day at $1,582.60…and then gained back a handful of dollars going in the close of the New York trading session.Gold closed at $1,588.30 spot…down $11.80 on the day…and volume was pretty high at around 171,000 contracts, which was about the same as Wednesday’s volume.Here’s the New York Spot Gold [Bid] chart so you can view the trading action in New York in greater detail.Silver’s price path was virtually the same as gold’s, with little action in overnight trading…the rally beginning just before 8:00 a.m. Eastern time…the hard sell-off that took silver from it’s high tick of $27.94 spot down to about $27.30 in less than ten minutes flat.From that point, silver ‘drifted’ lower, with it’s low tick of $26.85 coming around 11:40 a.m. Eastern time, if the Kitco data is accurate. From that low, the silver price recovered around two bits, closing at $27.13 spot…down 31 cents on the day. Net volume was pretty heavy at around 44,000 contracts.And here’s the New York Spot Silver [Bid] chart that shows the New York market on its own.All four precious metals got hit hard yesterday, with palladium getting it the worst of all…down 2.41%.The dollar index opened around the 83.10 mark in early Far East trading yesterday…and by 7:30 a.m. Eastern time had dropped about 20 basis points. Then in an hour the index fell out of bed all the way down to its low of the day which was 82.39 at 8:30 a.m. Eastern. From there, in thirty minutes flat, the dollar blasted higher by 90 basis points…and got as high as 83.48 at 12:30 p.m. Eastern time, which was gold’s low tick of the day.From that point, the dollar index sold off a bit…and closed the Thursday trading session at 83.32…up about 22 basis points on the day.I am more than aware that Mr. Draghi opened his mouth in Europe about that time…and all hell broke loose the moment everyone realized that instead of decisive action, it was just more promises of action…so I suppose it’s the required thing to say that the precious metals got hit for that reason. However, being the suspicious fellow that I am, it’s my opinion that there was probably more going below the surface than met the eye…and I’ll have more on that in ‘The Wrap’.Not surprisingly, the gold shares gapped down at the open…but quickly rallied into positive territory…and stayed there until about half an hour before the close of the equity markets. Then they got sold off…and the HUI, which had been up more than one percent on several occasions…closed down 0.74%…just above the 400 mark. There was no corresponding sell-off in the Dow at that time.The junior producers in silver didn’t have a particularly good day yesterday…but the more senior producers that make up Nick Laird’s Silver Sentiment Index had a better time of it overall…and that index closed up a tiny 0.20%…but it’s better than the alternative.(Click on image to enlarge)The CME’s Daily Delivery Report for ‘Day 4’ of the August delivery month, showed that 799 gold and 2 silver contracts were posted for delivery on Monday from the Comex-approved depositories. [This gold just changes owners within the depositories, it doesn’t go anywhere except maybe on different racks…and if they don’t change racks, they just put a ‘sticky note’ on it/them to say who the bar[s] belongs to.]In gold, the only short/issuer of note was the Bank of Nova Scotia with 787 contracts to be delivered…and the two largest long/stoppers were HSBC USA and Deutsche Bank…waiting to receive 425 and 242 contracts respectively. There were about a dozen different issuers and stoppers in yesterday’s report…and the link to that action is here.There were no reported changes in GLD yesterday…but over at SLV an authorized participant deposited a chunky 1,615,395 troy ounces.Over at Switzerland’s Zürcher Kantonalbank, they finally updated their gold and silver ETFs as of the close of business on July 31st. Since July 23rd, they reported adding 72,914 troy ounces of gold…and 450,047 troy ounces of silver.While on the subject of big piles of silver stored in a safe place, Sprott’s Physical Silver Trust has added another 1.11 million ounces of silver to their stash since their big 5.23 million ounce addition that Nick Laird reported on July 11th. That’s 6.34 million ounces, with at least another 1 million ounces to go.The U.S. Mint had its first sales report for the month of August. They sold 3,000 ounces of gold eagles…2,500 one-ounce 24K gold buffaloes…and 180,000 silver eagles.Over at the Comex-approved depositories on Wednesday, they reported receiving 861,404 troy ounces of silver…and shipped 1,148,947 ounces of the stuff out the door. The link to that activity is here.I have another rather large pile of stories for your reading ‘pleasure’ today…and the final edit is up to you as it always is.The most surprising thing about Thursday’s precious metal/dollar index price action was that despite the 90 basis point rise in a 30-minute time period yesterday morning…and about 110 basis points in four hours…the precious metals didn’t get the living snot kicked out of them even more than they did…although the palladium price action would certainly qualify.These big dollar rallies are custom made for JPMorgan et al to really pound what few long contract holders in the Comex futures market that are still left…and I’m more than curious as to why their efforts were so half-hearted yesterday.And, for the second day running, the precious metal shares held up strongly almost to the end of trading before getting sold off. Was it the ‘powers that be’ buying shares to cap the next rally in the precious metals…or was it buyers with insider information that know that a major rally in the precious metal shares is imminent? We will, as they say, find out in the fullness of time.Today we get the latest Commitment of Traders Report for positions held as of the 1:30 p.m. Eastern close of Comex trading on Tuesday. As I mentioned in yesterday’s column, the big engineered price decline didn’t start until after the cut-off, so we won’t really know what happened in the last half of this week until we get next Friday’s COT report. So, whatever today’s COT report shows, it will already be “yesterday’s news” as Ted Butler is wont to say.Scanning the precious metals battlefield, I’d guess that we’re getting very close to, or are already at, another record low Commercial net short position in all four precious metals. As I said yesterday, there may be more room to the downside, because the high-frequency traders can engineer just about anything they want, but even they have their limits at these price levels…and the law of diminishing returns is in full force at the moment.In overnight trading, there wasn’t a lot of price activity in the Far East in the early going…but a smallish rally in gold began as the dollar began to slide shortly after 2:00 p.m. Hong Kong time. Volumes in both metals are fumes and vapours once again…and most of that is probably of the high-frequency trading variety. The dollar index is down about 21 basis points, gold is up about six bucks…and silver is up a dime…as hit the ‘send’ button at 5:20 a.m. Eastern time.Despite all the long faces in the precious metals world these days, I just can’t shake the feeling that a major upside surprise is in the cards sometime during the next thirty days or so, as the COT report is just screamingly bullish…and that the PM prices are being held in check until that moment arrives. We’ll see.Since today is Friday, I’m prepared for any eventuality when Comex trading begins. Will we get one last opportunity to buy the precious metals at give-away prices, or is the bottom already in?Stay tuned.Before signing off for the day…I’d like to point out that today is your last change to register for the upcoming “Casey’s Fall Summit – Navigating the Politicized Economy”….and still get a registration discount. It’s being held over three days…September 7-9th at the Park Hyatt Aviara Resort in Carlsbad, California. It’s being co-sponsored by my good friend Eric Sprott…and it will be well worth attending…and like every other Casey Research summit, it will sell out quickly. You can find out more by clicking here.Enjoy your weekend…and I’ll see you on Saturday…or Sunday…depending where you live on Planet Earth.
August 4, 2019
Despite my best efforts, I have almost the same number of stories today that I had in my Tuesday missive, so I hope you can find the time to read all the articles that interest you.A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. – 2nd Amendment…Constitution of the United States of America…December 17, 1791As I said further up in this column, I would classify the gold and silver price action yesterday as a bear raid by JPMorgan et al…hidden, in part, by the rally in the dollar index…such as it was.The only good thing about yesterday’s price action was the fact that it should appear in Friday’s Commitment of Traders Report. Of course, when it suits them, “da boyz” have been tardy about reporting Comex trading volume in the past, so it remains to be seen if they pull that stunt again…and I’d put nothing past these guys.Just eye-balling the price action over the five reporting days that will show up in Friday’s COT report, I would guess that we’ll see improvements in the Commercial net short positions in both gold and silver…but nothing in platinum, as it has been trading flat…and palladium is on a tear…up about fifty bucks during the reporting period.Just looking at the last five trading days on the 6-month charts, it should be obvious that the price pressure has only appeared in silver and gold…and not platinum and palladium. Here are all four charts…complete with 20 and 50-day moving averages.(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)All four precious metals came under some price pressure during the Far East trading session on their Wednesday…and the high-frequency traders went back to work in gold and silver about the same times as they did on Tuesday…shortly before the London open. As I write this paragraph, the London market has been open about thirty minutes…and gold is down about eleven dollars…and silver, JPM’s real problem child, is down a bit over 40 cents. Trading volumes are quite high…but as I said, it’s all HFT. This is not true supply and demand setting prices at this point…and to top it off, there’s virtually no liquidity, as little real-world trading is being done. It’s the machines with their algos.And as I hit the ‘send’ button on today’s column at 5:15 p.m. EDT, both gold and silver are still under considerable selling pressure. Platinum and palladium are lower as well, but just barely. Gold is down about fifteen bucks…and silver is down 45 cents…about 2 percent. Gold volume is north of 48,000 contracts…and silver’s volume is over 14,000 contracts. The dollar index, which spiked up about 25 basis points in afternoon trading in Hong Kong, is now up only 16 basis points as of 10:15 a.m. BST in London.This ‘bear market’ we’re going through is JPMorgan et al‘s last attempts to cover as many short positions as they can before prices head higher…much higher. But as Ted Butler mentioned in yesterday’s column, JPMorgan Chase was short 18,000 Comex silver contracts before the mid-April price smash…and was still short about that amount as of last Friday’s COT Report, so one has to wonder what they’re up to at the moment. If they couldn’t cover any or all of it back then, it’s doubtful they can pull it off now. We’ll see.Needless to say, nothing will surprise me as far as price action is concerned once we get past the noon silver fix in London, which is 7:00 a.m. EDT…and after that, the 8:20 a.m. Comex open awaits.Marin Katusa, CR‘s chief energy investment strategist, interviews the world’s top energy experts including former U.S. Energy Secretary – Spencer Abraham, Canada’s former Minister of Natural Resources – Herb Dhaliwal, and the Chairmen Emeritus of the U.K. Atomic Energy Authority – Lady Barbara Thomas Judge, and co-founder and CEO of Uranium Energy Corp – Amir Adnani about how important nuclear power will be for our global energy future.Marin and Chairman of Sprott US Holdings, Rick Rule believe that due to increasing costs to bring uranium to market, increased demand, and the end of the Megatons to Megawatts agreement with Russia at the end of the year, uranium prices have nowhere to go but up. And early investors can position themselves now for very large gains in the near future.This free video will air on Tuesday, May 21 at 2:00 p.m. Eastern Daylight Time. It will be available for viewing after the initial stream for those who have schedule conflicts.Following the webinar, all attendees will get a free copy of the new Global Resource Intelligence report on Uranium. It’s a $29 value, roughly 39 pages, and will be e-mailed on May 21st.See you tomorrow. I would classify the gold and silver price action yesterday as a bear raid by JPMorgan et alGold’s rally in early Far East trading lasted until 10:00 a.m. Tokyo time on their Tuesday…at the exact moment that the dollar index began its big rally.From that point, the gold price traded sideways until around 2:30 p.m. in Hong Kong…about thirty minutes before the London open…and then the serious sell-off began. The low tick of the day [$1,420.30 spot] came at 9:00 a.m. in New York, right on the button. The subsequent rally lasted until the London p.m. gold fix, or just moments after…and that, as they say, was that.Gold closed at $1,425.80 spot…down an even five bucks on the day. Net volume was decent at around 141,000 contracts.It was mostly the same story in silver, although it appeared that the silver price got a bit of a shove starting just before 11:00 a.m. BST in London, as it didn’t appear to want to go down on its own. Then it got smacked for another 40 cents the moment that Comex trading began in New York…and the low price tick [$23.05 spot] came a few minutes after 8:30 a.m. EDT. The subsequent rally appeared to run into the same set of not-for-profit sellers as gold did at, or shortly after, the London p.m. gold fix around 10:00 a.m. in New York. From there it got sold down until about 12:30 p.m. EDT…and traded sideways into the 5:15 p.m. electronic close.Silver finished the Tuesday trading day at $23.41 spot…down 24 cents from Monday’s close. Gross volume, not surprisingly, was fairly decent…around 44,500 contracts.It was a slightly different story in both platinum and palladium…and here are the charts. Sponsor Advertisement For the Tuesday trading session, gold finished down 0.35%…silver closed down 1.01%…platinum closed up 1.42%…and palladium was up 1.68%.The dollar index, which closed on Monday at 83.22…began to head south the moment that trading began in the Far East on their Tuesday morning…but someone was there to catch a falling knife as the index fell below 83.00 at 10:00 a.m. in Tokyo…and until 10:30 a.m. in London it traded pretty close to the 83.00 mark.Then away it went to the upside…and was at 83.36 about an hour later. From there it chopped sideways until 11:00 a.m. in New York. The rally began anew at that point…and topped out at 83.67 around 3:45 p.m. Eastern time, before selling off a hair into the close. The dollar index closed at 83.605…up about 38 basis points…with the vast majority of that gain coming between 11:00 a.m. and the 3:45 p.m. EDT high tick.It would take a very vivid imagination to fit the price action of any of the four precious metals into the price action of the dollar index after the low tick was in, in early Far East trading yesterday. As a matter of fact, it doesn’t fit at all…and in my opinion was just another bear raid on the precious metals hidden behind the skirts of a manufactured rally in the dollar index.Here’s the 3-day chart so you can see the entire Tuesday trading day starting at 6:00 p.m. EDT in New York on their Monday night.The gold stocks rallied until “da boyz” showed up at, or just after, the London p.m gold fix at 10:00 a.m. in New York. The stocks got sold down from there, reaching their nadir at 2:15 p.m. EDT…and then rallied a hair into the close. The HUI finished down another 1.18%.The silver stocks finished mostly down on the day, but the big cap silver stocks that make up Nick Laird’s Intraday Silver Sentiment Index closed basically flat…down a smallish 0.43%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 7 gold and 21 silver contracts were posted for delivery within the Comex-approved depositories on Thursday.There were no reported changes in either GLD or SLV for the second day in a row.Over at Switzerland’s Zürcher Kantonalbank for the week ending on Monday, May 13th…they reported that 112,879 troy ounces of gold were withdrawn from their gold ETF. And, for the fourth week in a row, they reported an increase in their silver ETF holdings. This time it was 209,816 troy ounces.The U.S. Mint finally came out with a sales report…and I can tell from the numbers, that they have not been reporting their sales in anything close to a ‘timely manner’…as there are some big changes. They sold 16,000 ounces of gold eagles…5,000 one-ounce 24K gold buffaloes…and 833,500 silver eagles.Over at the Comex-approved depositories on Monday, they reported receiving 214,163 troy ounces of silver…and shipped 101,801 troy ounces out the door. The link to that activity is here.In gold, they didn’t report receiving any on Monday…and shipped out 54,808 troy ounces…all of it from the JPMorgan Chase depository. The link to that activity is here.Here’s your daily “cute quota”… Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany.Company highlights:Alvalade Project JV with Antofagasta Minerals SA– Copper and Zinc on 1000 km2 project area in the Portuguese Pyrite Belt– 2012 exploration budget of US$ 2.5 million, all provided by Antofagasta, including 6000 meters of core drillingGold exploration in the Erzgebirge Mining District, Germany– 307 km2 exploration license in 1000+ year producing region of tin, tungsten, silver, base metals, and uranium– Increasingly favorable permitting and mining regulations, long mining culture, widespread known gold panning locationsCovas Tungsten JV with Blackheath Resources Inc.– 922,900 mt @ 0.78% WO3 (non NI 43-101 compliant) historic resource– Potential to increase the tungsten resource– New gold target on the projectStrong management including Paul Kuhn, CEO, previously involved with several discoveries around the world, and Mark T. Brown, Director, founder of Rare Element Resources Ltd.Low risk exploration strategyShare structure and cash on hand (12/31/2011):16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted40% of shares held by insiders, family, friends, and long-term investorsApprox. C$ 500,000 cash on hand (consolidated Canada and Europe)Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012.Please visit our website for more information.
August 3, 2019
When it comes to the nitty, gritty details, life in antiquity was pretty stinky – in a literal sense. Without high food and personal hygienic standards, most people probably contracted an intestinal worm at some point or another, says veterinary scientist Martin Søe. “I think it’s fair to say it was very, very common. In places with low hygienic standards, you still have a lot of whipworm and round worm.”That also means lots of parasitic eggs dumped into latrines through the years. In a scientist like Søe’s eyes, that’s a historical record of what people ate and what ailed their guts. So he and his colleagues at the University of Copenhagen and Aarhus University began exhuming ancient excrement from toilets of yore to reconstruct snapshots of food and health in bygone centuries.Most of the samples came from the early 11th century to the 18th century in northern Europe – present-day Denmark, Netherlands and Lithuania. “For the oldest ones it looks like high organic soil you might find anywhere,” Søe says of the samples that are old enough to have fully decomposed. Waste that is only a few centuries old has maintained a more recognizable form. “The 400-year-old [samples], some of those you can easily see that there is human feces in parts of it. Some of it even smells a little.”By filtering the samples through fine meshes, the researchers were able to easily collect parasite eggs for a DNA analysis. “When you filter and wash these samples, you also still get the DNA of plants and animals, like fish or whale, in the samples,” Søe says. The team sequenced all of the genetic material they found and began identifying plants, animals and parasites by comparing the sequences they found to those in a database of known genomes. They report the findings in PLOS ONE on Wednesday.Søe says he can infer what people were eating from some of the parasites that show up in the privies. “[For example,] we see that [Northern Europeans] ate a lot of fish because they were eating fish tapeworms,” he says.In Danish latrines from 1600, Søe detected tapeworm eggs that can only be contracted from eating raw or under-cooked pork – though not beef tapeworms, suggesting cow meat may have been more thoroughly cooked. Alongside pork and fish tapeworms, Søe say they also found the DNA of fin whales in Danish latrines from the Viking age. “So they were hunting or maybe collecting the whale meat,” he says.The team’s data also reveal some other curious things about life in the past. The waste they examined included DNA from cats, horses and rats – as well as the eggs of intestinal worms that survive solely in some of these animals. “Whipworms excreted from mouse feces were mixed up in the samples, too,” Søe says. That means it wasn’t just the human denizens of medieval and colonial-era Europe who were riddled with parasites centuries ago – plenty of four-legged residents had diarrhea, too. Presumably the animal excrements were swept up and tossed into the toilet by humans.The paper provides a detailed picture of which parasites infected people during the study period, says Piers Mitchell, an archaeologist at Cambridge University who was not involved in the research. While older analyses of medieval feces have found intestinal worm eggs, this new study offers some finer detail on which parasites people had. “They found some interesting stuff. The DNA work is good. It’s all [parasites] found before in the region, but the DNA shows they found pork rather than beef tapeworm [for example],” he says.However, the study doesn’t do much other than describe what was in the feces, Mitchell says. “It’s hard to digest because there’s so much in it,” he says. “There isn’t a list of simple conclusions about what they’ve found. It would be great if they could talk a little more about what the results tell us about life in the past or the spread of disease and migrations.”But that work is coming. The research has added to a wealth of ancient genetic data that could fuel more future analyses, says Maanasa Raghavan, a zoologist also at Cambridge who did not work on the study.”This provides us with empirical data on what those diseases might have been in the past,” she says. “Having these datasets will help us look further at how these pathogens evolved over time or how people moved around.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.
August 3, 2019
Maybe the short answer is: We need a better imagination?The global health world hasn’t set its goals high enough, hasn’t dreamed big enough when it comes to stopping tuberculosis, says Dr. Paul Farmer, physician at Harvard Medical School and founder of the nonprofit Partners In Health.”We’ve had a failure of imagination,” he says. “We haven’t had the same optimism, commitment and high ambitious goals around TB that we’ve seen around HIV. And what’s the downside of setting high goals? I think it’s very limited.”This week, world leaders are starting to give Farmer what he’s been hoping for.On Wednesday, the United Nations General Assembly hosted the first-ever high level meeting focused exclusively on tuberculosis. World leaders pledged an ambitious goal: to try and nearly wipe out the disease by 2030.A cure for TB has been widely available since the 1950s. And yet TB is still the deadliest infectious disease on earth. It kills about 1.5 million people each year, or 4,000 people each day, including 600 children. It kills more people than HIV or car accidents.”Enough is enough. It’s time to end TB,” the World Health Organization’s Dr. Tedros Adhanom Ghebreyesus told the U.N. General Assembly.One of the big obstacles is that TB strikes the poorest people in the world, who can’t afford — or don’t have access — to medications, Dr. Tedros said. In response, world leaders committed Wednesday to treating 40 million people in the next five years. By comparison, only about 54 million people were successfully treated since 2000. Each year about, there are about 10 million new infections. So the goal is to treat about 80 percent of the new cases. They also pledged to provide preventive treatments to 30 million people who are at risk of catching TB from a friend or family member.The overall goal is to reduce TB deaths by 90 percent by 2030.”These are bold promises,” Tedros said.In global health, goals are often lofty but aren’t easy to reach. So could a big meeting like this — big promises like these actually make a dent in the fight against a disease that’s been neglected for decades.The medical nonprofit Doctors Without Borders (MSF) is skeptical, given how few leaders showed up at the historic meeting.”Out of the 193 U.N. member states, fewer than 30 leaders chose to attend the meeting today,” Sharonann Lynch, who advises MSF on TB and HIV, wrote in a press statement. “Leaders missing from this critical meeting include many from high-burden TB countries and donors that have been promising to help fund the fight to ‘end TB.’ Shame on the more than 160 leaders who were absent today.”But Dr. Paul Farmer is more optimistic. He is hopeful the meeting could be a turning point in the global fight against TB.”I have been a skeptic about the relevance of yet another meeting about a problem that really hasn’t been addressed ever,” Farmer says. “I felt that way about a similar meeting focused on AIDS, but then that meeting ended up being radically life-altering.”That meeting, held back in 2001, ended up spurring the launch of one of the most successful anti-HIV programs ever — the U.S. program PEPFAR, the President’s Emergency Plan For AIDS Relief. At the same time, the meeting spurred a surge in money for HIV treatment and research.Farmer is hopeful that this year’s UNGA meeting may have similar effect on the fight against TB because, right now, he spends a huge amount of his time doing one thing: Begging.”Begging for money, begging for social support for patients,” Farmer says. “[Treating people for TB] involves a lot of begging.”Currently, the funding for TB treatment and research falls short each year by about $5 billion, said the president of the UNGA, Maria Fernanda Espinosa Garcés, on Wednesday.Farmer regularly sees patients falling through this funding gap.”I just got back from eastern Sierra Leone — the same part of Sierra Leone where diamonds come from — blood diamonds,” he explains. “I saw a patient who was 33 years old and had a very confusing illness. It was clearly killing him.”His name is Moses, and eventually Farmer figured out that TB was killing him. But treating him wasn’t easy. The hospital was struggling to acquire the drugs and resources Moses needed.”He needs nutritional support. He needs physical therapy. He needs lots of medications,” Farmer says. “If I could, I would part all the Red Seas in the world so that a young person like Moses could live a healthy life and not have it be over at 33- or 34-years-old.”It shouldn’t be that hard for my colleagues in Sierra Leone to find the resources necessary to diagnose a young man like that and bring him to cure,” Farmer adds.In a few years, maybe it won’t be as hard, if leaders of the world keep their promise — and their commitment to imagine a world without TB. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
July 29, 2019
Uganda Government has up to May 26th, 2018 to find a capable investor for Uganda Telecom Limited. (Photo Courtesy) Advertisement Last week we reported that the Ugandan Government had up to May 26th to find a new capable investor that could revive State-owned Uganda Telecom (UTL) after the Libyan shareholders; Libyan Post Telecommunications and IT Holding Company (LPTIC) with 40% shares withdrew from the telco leaving the company almost to a state of no return. Now its four (4) days to deadline, and press hasn’t gotten anything as yet.However, what is on board right now, according to reports by Daily Monitor, we so far know that five (5) willing investors have come out to save the telco. That’s to say; Afrinet Communications, Mauritius Telecom, Hamilton Telecom, Telecel Global, and Baylis Consortium and Teleology.[related-posts]Below is what we know so far about these firms; – Advertisement – Afrinet Communications Afrinet Communications is a technology firm that is affiliated to Kenya’s biggest telecom firm Safaricom. And as per on going rumors, they could win the bid of taking over Uganda Telecom.Mauritius Telecom (MT) Like the name states, ‘Mauritius’, it’s a telecommunications company based in Mauritius, with its current Chief Executive; Sherry Singh, having about 357,000 telephone customers, 804,000 mobile customers and 162,000 Broadband Internet customers as at June 2014, according to reports. Together with its subsidiaries, they provide voice, mobile, Internet, and data communications services in the country.They offer home services, including fixed line, internet, and My.T convergent services for international calls, as well as NetPC, a computing device; and business services, such as telephony, mobile, internet, international connectivity, intranet, data and defense solutions, and advertising solutions.They also provides call center solutions, which comprise customized call center, local directory information, business directory and tourist information, automated services, and customer relationship management services; and wholesale servicesAccording to current reports, their revenue increase is about MUR 10 billion (roughly UGX 1,064 trillion) as of 2017, and their total asset are estimated at MUR 15.805 billion (roughly UGX 1.69 trillion).MT’s biggest shareholder is Orange S.A. (formerly known as France Telecom) having 40% of its shares in the telecom. The other 60%, 33.45% is owned by the Government of Mauritius, 19% to SBM Investments Managers Ltd, 6.55% to National Pensions Fund, and 1% to the Employees of Mauritius Telecom.Mauritius Telecom owns eight (8) other subsidiaries including;Call Services Ltd (CSL), a telemarketing company.Cellplus Mobile Communications Ltd, a cellular phone service provider.Mauritius Telecom Foundation.Mauritius Telecom International Ventures Ltd.MT Properties Ltd.MT Services Ltd (MTS).Telecom Plus Ltd, an internet service provider.Teleservices (Mauritius) Ltd, a telephone directory company.On a point of note, MT’s predecessor was Overseas Telecommunications Services Ltd.Hamilton Telecom We reported that no local investor was ready to take over the falling Uganda Telecom. However, Hamilton Telecom is indeed a Uganda-based telecommunication firm and is not affiliated or have any connections to U.S-based Hamilton Telecommunications.The telco provides Uganda’s telecommunication industry with the most agile and comprehensive solutions which include and not limited to Mobile Virtual Network Operator(MVNO) services, fiber; backhaul; last mile connectivity, Cloud Communication Platform, and Business OutSourcing.Telecel Global Telecel Global according to reports, is the leading group of mobile operators in Africa, a quadruple play operator in South Africa and a service provider across the world. It is an international carrier and service provider for Voice, Data, SMS and IPTV providing a range of IoT/M2M products & services with mCommerce platform connecting world’s largest retailers with mobile operators, all designed to provide beneﬁts for businesses, governments & consumers.Telecel is the first brand to establish a mobile operator in Africa while now it is operating from oﬃces in Europe, Africa, Latin America and MEA keen to successfully spread-heading disruptive telecommunication and revenue added services globally.Baylis Consortium and Teleology Said to be a private Equity firm led by a former MTN Nigeria Executive; Adrian Wood. It has no official website.Writer’s Note: This article is under development.
July 26, 2019
Rose Leadem During last night’s 2017 Oscars “In Memoriam” portion, the Academy recognized — or attempted to recognize — Australian costume and production designer Janet Patterson. Sure, they got the spelling of her name right, but not her picture. During the tribute, an image was displayed of Jan Chapman, who is very much alive.The big lesson here: get your facts straight and then check them again.Related: The Simple But Vital Lesson From the Oscars’ Best Picture Flub“I was devastated by the use of my image in place of my great friend and long-time collaborator Janet Patterson,” Chapman told Variety. “I am alive and well and an active producer.”Patterson is a four-time Oscar nominee and is best known for her work in the films The Piano, Portrait of a Lady, Oscar and Lucinda and Bright Star. She passed away in October 2015. February 27, 2017 –shares 1 min read Next Article Oscars Add to Queue And it’s a good reminder to us all. 2019 Entrepreneur 360 List The Other Oscars Flub: ‘In Memoriam’ Segment Shows Picture of Living Person Image credit: ABC via Variety Apply Now » The only list that measures privately-held company performance across multiple dimensions—not just revenue.
July 26, 2019
5 min read Add to Queue –shares November 1, 2006 Small Business Heroes Suranga Chandratillake had never started a company but got the entrepreneurial itch in 2004 when Google was preparing its IPO. “It struck me that search was far from finished,” says Chandratillake, 28, who realized that for all Google’s dominance, it was basically searching text web pages for keywords. “It became obvious to me [that] the biggest growth area was going to be video.” Magazine Contributor So in 2004, Chandratillake started Blinkx.tv, a search engine company that analyzes video soundtracks and scene changes to help online video viewers find the clips they’re looking for. The company has 30 employees, $8 million in VC funding and more than 4 million hours of indexed video and TV content, but no significant revenue.Chandratillake hopes to charge companies to use Blinkx.tv’s video search engine and share in advertising revenues from sites using his search tools.Blinkx.tv is just one of countless startups angling to profit from the rapidly growing attention paid to online video. There’s ample interest from consumers, says Brian Haven, senior analyst with Forrester Research Inc. More than a third of adults say they view online video at least monthly; 45 percent of online youth ages 13 to 21 have watched streaming or downloadable videos in the past month, Haven says. “And it’s going to get more popular in the next two years.”The best-known internet video company is probably YouTube, the garage TV site that millions of people visit daily to view videos uploaded and often created by other users. Since YouTube went live late last year, hundreds of other consumer-generated video sites have sprung up. The challenge, says Haven, is figuring out how to make money from user-created video.YouTube’s business model, based on selling ads that run alongside videos being viewed, is either premature or basically flawed, Haven says. “Advertisers are afraid to associate their brands with consumer-generated video,” he explains. “A kid knocking his teeth out in a snowboard accident is not the type of thing some advertisers want to hang with.” In late August, YouTube announced a new advertising strategy: its rollout of branded channels and participatory channels, allowing companies to advertise specific products or services. This is a positive move for YouTube’s business model, according to Haven, who believes it will appeal to advertisers more.The rush into online video began in October 2005, when Apple introduced iTunes 6, says Haven. The iTunes video services let fans download and purchase music videos, short films and episodes of popular TV series. Expanding broadband inter-net access, improved algorithms for coding and de-coding online video, and the emergence of mobile phone networks that will support wireless video are also driving online video’s mushrooming popularity.Content providers still wrestle with what to put online, however. Haven says garage TV will probably always have a place, but movie trailers, music videos, news clips, short films and other mainstream-generated content are more important. And big media enterprises are racing to put their content on the web in some form.Future opportunities in online video include infra-structure equipment and services, such as Akamai, which has a network of dispersed servers to distribute video and other content. Haven also sees video search and niche video providers, such as sites that cater to online learners, as possible growth areas. In garage TV, he believes YouTube has staying power, assuming it can monetize its viewership and some other upstart doesn’t dislodge it.Hardware is a less recognized area of online video opportunity, but it’s one that brothers Jason and Blake Krikorian have turned into a 100-person company, Sling Media Inc., which sells devices to let people view the same programming on their computers that they get through their cable or satellite TV services. The Slingbox sells for $200 through major consumer electronics retailers in several countries, and Jason, 35, says the San Mateo, California, company received an overwhelming response from consumers after introducing the product in June 2005.The idea behind Slingbox is that consumers shouldn’t have to pay twice for the same content, Jason says, and he believes internet video offers plenty of room for similar gadgets. “We’ve got a rich road map of products we want to deliver,” he says. “[Places] like Best Buy are asking us for new products that are similarly powerful for the consumer, letting them unlock their digital media.” Some $58 million in venture capital backs his search for the keys.Online video is clearly one of the most exciting, and yet perplexing, business arenas around. And experts and entrepreneurs in the space say the growth and chaos to date is no more than a precursor of what will come. “It’s been a real roller coaster ride,” says Haven. “But it’s just the beginning.” This story appears in the November 2006 issue of Entrepreneur. Subscribe » Mark Henricks Next Article Free Webinar | July 31: Secrets to Running a Successful Family Business With online video growing fast, the need for a supporting cast of concepts is hard to kill. Learn how to successfully navigate family business dynamics and build businesses that excel. Growing Trend: Online Video Register Now »
July 26, 2019
April 4, 2014 Laura Entis Next Article 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. Add to Queue Paula Deen Enroll Now for $5 2 min read Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Guest Writer Paula Deen Abruptly Shuts Down Restaurant Without Informing Employees It’s been rough going for Paula Deen, whose public fall from grace transformed her from celebrity chef into tabloid fodder.Yesterday brought in more bad news (and publicity) for the former Food Network star: Uncle Bubba’s Seafood and Oyster House, the restaurant Deen co-owned with her younger brother Bubba Heirs for over 10 years, has abruptly closed. So abruptly, in fact, that employees were not notified.Many showed up to work, the Savannah Morning News reported, only to find kitchen appliances being removed from the restaurant; severance checks were collected in the parking lot.While the restaurant failed to notify employees of the shuttering, it did take the time to post a terse announcement on its Facebook page which reportedly read, “Thank you for 10 great years. Uncle Bubba’s is now closed.”Related: How A&E Ducked the Duck Dynasty ControversyMany angry commenters turned to said Facebook page, which has since been taken down, to vent: “I’ve been water works all a.m.,” wrote one poster, who said she’d been employed there for seven years. “I’ve worked there since I was 16. I woke up this a.m. to no job and no forewarning.”This isn’t the first time Uncle Bubba’s Seafood and Oyster House has been the site of anger and controversy. Last year, Deen was slapped with a racial discrimination law suit from a former employee of the restaurant. While the lawsuit was eventually dismissed, the deposition from the case revealed some highly unsavory details about Deen, who admitted that “of course” she’d used the N-word, and described her desire to throw a wedding reception staffed entirely by middle-aged black men in white jackets so it could be reminiscent of the time before, you know, slavery was outlawed.Uncle Bubba’s may be closed, but Deen’s comeback kick continues. Back in February, Arizona-based private equity firm Najafi Companies invested between $75 million and $100 million into Deen’s holding company, Paula Deen Ventures, which announced that it would open its first restaurant, Paula Deen’s Family Kitchen, in Pigeon Forge, Tenn.Related: Paula Deen Is Cooking Up a Comeback –shares Opinions expressed by Entrepreneur contributors are their own.