Kuyt says Liverpool too strong for Man Utdby Paul Vegas11 days agoSend to a friendShare the loveLiverpool hero Dirk Kuyt says they’ll be too strong for Manchester United.Liverpool travel to United on Sunday to rekindle what is one of the fiercest rivalries in football. “If you look into the Liverpool side now, I think they have a lot of confidence, and they should have because they are a great team,” Feyenoord youth coach Kuyt said.“I think they can win there.“It’s a belief, and you always give everything for the shirt. Play as a team and never give up. That’s what we did at the time.“If you watch the Liverpool team now, they never give up, even in difficult times they’re winning games, they keep winning and hopefully they will do at Old Trafford as well.” About the authorPaul VegasShare the loveHave your say
Los Angeles: US actress Lori Loughlin appeared in federal court in downtown Los Angeles in connection with a massive college admissions scam involving other celebrities and top industry CEOs. Bail for the “Full House” star was set at USD 1 million, the same amount as for her husband, designer Mossimo Giannulli, who has also been charged in the case. The couple, who are to appear in federal court in Boston on March 29, allegedly paid USD 500,000 in bribes to ensure their two daughters were recruited to the University of Southern California rowing team even though the pair did not participate in crew. Also Read – Imran Khan arrives in China, to meet Prez Xi JinpingLoughlin, 54, surrendered to FBI agents early Wednesday after returning from Vancouver, where she was filming. Judge Steve Kim told the star in setting her bail that she would still be allowed to travel for work as long as the court was made aware of her plans. The couple were among 50 people indicted on Tuesday in a scam to help children of the American elite gain entry into top US colleges. “Desperate Housewives” star Felicity Huffman, who has also been implicated in the scandal, was arrested by FBI agents at her home on Tuesday and later released on bail. Also Read – US blacklists 28 Chinese entities over abuses in XinjiangThe 56-year-old actress and her husband William H Macy, the star of Showtime’s hit series “Shameless,” allegedly paid USD 15,000 for their eldest daughter to perform well on a college entrance exam. Macy was mentioned in the case but has not been charged. The ringleader behind the scam, William “Rick” Singer, who authorities say was paid about USD 25 million dollars to bribe coaches and university administrators, has pleaded guilty and is cooperating with authorities. Some of the universities targeted in the elaborate cheating scam include Yale, Stanford, UCLA and Georgetown. None of the schools or the students has been charged in the case. According to prosecutors, the accused parents paid a firm run by Singer as much as USD 6 million to cheat on college entrance exams for their children or to bribe coaches to help non-athletic students get scholarships. Others ensnared in the scandal include Gordon Caplan, co-chairman of New York law firm Willkie Farr & Gallagher, who allegedly paid USD 75,000 to have his daughter’s test grades fixed. Also charged is William McGlashan, an executive at the investment group TPG Capital who specialized in technology investments. He allegedly paid hundreds of thousands of dollars to ensure his son got into the University of Southern California as a student athlete. The scandal has lit up social media, with many poking fun and expressing anger at the wealthy parents indicted notably Loughlin and Huffman as well as their children. “CAPTION THIS: ‘It’s ok honey. We’ll get you in a college close to your mom’s prison so you can visit,” one Twitter user said in response to a picture Huffman had posted on Sunday of her daughter sitting on Macy’s lap and hugging him. Ben Dreyfuss, the son of veteran actor Richard Dreyfuss, quipped: “I got into college the old fashioned way: by letting my father’s celebrity speak for itself.” Another Twitter user said: “So what I’ve learned from #CollegeCheatingScandal is that rich kids are so stupid that they can’t get into colleges without cheating.” Olivia Jade Giannulli, one of Loughlin’s daughters, disabled comments on her Instagram posts on Wednesday after some of her 1.3 million followers lashed out against her. “Please do a video for how you prepared for the SATs,” read one comment. Another berated the young woman, who posted a video blog last year in which she said she didn’t care about school, for stealing a college spot from “another deserving student (who probably actually rows!!)…”
New Delhi: The Delhi BJP on Tuesday alleged that the Aam Aadmi Party was trying to incite communal tensions by “politicising the cow” and said it would lodge a complaint with the Election Commission.The BJP’s reaction came on a tweet by AAP Lok Sabha poll candidate Raghav Chadha in which he wrote “door to door campaigning by BJP” and posted a photo of a cow and a calf standing at the doorstep of a house. The post has been liked by Delhi Chief Minister Arvind Kejriwal, BJP leader Vijender Gupta said. Also Read – After eight years, businessman arrested for kidnap & murder”We have taken an appointment with the Election Commission of India and will apprise them about how the AAP is politicising the cow, which is a symbol of harmony, and trying to create communal tension,” Gupta, who is also the Leader of Opposition in the Delhi assembly, told reporters.The tweet is a violation of the model code of conduct (MCC) and the Delhi BJP will lodge a complaint with the poll panel on Wednesday, he said. BJP MP Ramesh Bidhuri said complaints have been filed at the Govindpuri, Pul Prahladpur and Sangam Vihar police stations against the AAP for trying to incite communal tension through Chadha’s tweet. “We will urge the Election Commission (EC) to invalidate the AAP and urge them to ensure that FIRs are filed on these complaints. “His (Chadha) said act has not only hurt the religious sentiments of the Hindus but has also intended to create mutual hatred, differences and cause tension between different religions,” he said.
The Ohio State baseball team entered this season expecting to win another Big Ten title.But with just three regular-season games remaining, the defending champions are fifth in the conference standings.Instead of trying to close out another season atop the conference, the Buckeyes are fighting for their postseason lives. “It’s definitely a bit of a change of pace for us,” senior Ryan Dew said. “I think we need to take two of three this weekend to be sure to get into the tournament.”The Big Ten Tournament accepts only the top six teams from the conference. The Buckeyes are on the fringe as they are in a four-way tie for fifth place. Consequently, the Buckeyes need to win this weekend’s series in order to ensure themselves a spot in the tournament.However, that will be no easy feat as the Buckeyes play host to first-place Minnesota, and the Buckeyes have lost their last four Big Ten series. “This team has had a black cloud over it and I don’t know how to get out from under it,” coach Bob Todd said. He said all the breaks seem to be going the opponent’s way this season and that’s just the game of baseball.One break that may go the Buckeyes’ way this weekend is the return of pitcher Alex Wimmers. The All-American ace has been sidelined the past four weeks with a hamstring injury, but might be ready to take the mound this weekend.“We’ve got Dean (Wolosiansky) and (Drew) Rucinski pitching lights out. So if we get Wimmers back like he always is we can take three games this weekend,” senior Cory Kovanda said. Although Todd was vague when addressing whether Wimmers would be ready to go this weekend, players hinted that he could be back. Wimmers’ return would serve as a huge boost as he is 9-0 on the season and injects confidence into his teammates whenever he toes the rubber. “Obviously he’s a huge talent,” Dew said. “Every time he takes the mound we know we are going to win.”Win is exactly what the Buckeyes must do if they wish to continue their season. And even with their recent struggles, the team is still confident in its ability to take this weekend’s series. “We’re a very close team and we’re confident in ourselves,” Dew said. “When we play a complete game, most of the time we win. I know we can do it and the team is confident we can.”Dew and Kovanda, two of eight seniors on this year’s team, expressed their desire to keep playing in their final season at OSU. They also want to send Todd, their storied head coach, off with another Big Ten championship.Earlier this year, Todd announced that he would be retiring at the end of the season. In his 23-year tenure at OSU, the Buckeyes have missed the Big Ten tournament only once. “I’ve only missed it once in my life,” Todd said. “For this team, that has so much potential and so many high expectations, which I thought were justified — For us to be in this position is very uncharacteristical.”The Buckeyes open the three-game series against the Golden Gophers Thursday at 7 p.m. at Bill Davis Stadium.
Day one of the NCAA Tournament in Columbus Friday did not disappoint. Midwest No.11-seed North Carolina State, Midwest No. 3-seed Georgetown, West No.9-seed Saint Louis and West No.1-seed Michigan State all won, advancing to the third round. Georgetown and N.C. State is scheduled to meet in the first game at Nationwide Arena at 12:15 p.m. Sunday, with MSU and SLU 30 minutes following, with berths to the Sweet 16 on the line. Midwest Region’s No. 11-seed North Carolina State upsets No. 6 Seed San Diego State, 79-65 Playing in the NCAA Tournament for the first time since 2006, the No. 11-seeded North Carolina State Wolfpack (23-12) upended No. 6-seed San Diego State (26-8), taking advantage of its superior play in the paint on the way to a 79-65 victory. N.C. State got a team-high 22 points from junior forward Richard Howell, and sophomore guard Lorenzo Brown added 17 while grabbing nine rebounds. “I thought today inside around the basket we were able to get a lot done,” N.C. State coach Mark Gottfried said. “And I thought Richard (Powell) in the first half was just sensational. And it wasn’t just him. But Richard really set the tone for us offensively.” It was a two-man show for SDSU, as sophomore guard Jamaal Franklin (23) and junior guard Chase Tapley (19), combined for 42 of the Aztecs’ 65 points. SDSU coach Steve Fisher attributed the loss to N.C. State’s size. “It’s one thing to be big. It’s another thing to be big and good. And they’re big and good. And we had a hard time with their size,” he said. N.C. State outscored the Aztecs’ 38-18 in the paint. During the first half, neither team was able to pull away, with the lead changing six times and N.C. State on top, 33-29, after twenty minutes. The beginning of the second half was more of the same, but towards the midway point, SDSU started to miss shots, and NCST didn’t. The Wolfpack shot 65 percent from the field in the final twenty minutes, with the Aztecs only managing to hit 37 percent of their second-half shots. Midwest Region’s No. 3-seed Georgetown defeats No. 14-seed Belmont, 74-59 Georgetown and senior guard Jason Clark weren’t going to be denied this time. After being one-and-done in their previous two NCAA Tournament trips, the No.3-seeded Hoyas, propelled by Clark, played with insistence Friday, cruising past No.14-seed Belmont, 74-59, in the second round. Clark led the way for Georgetown (24-8), pouring in a game-high 21 points, while Hoyas’ freshman forward Otto Porter scored 16 and senior center Henry Sims added 15. Sophomore forward Blake Jenkins dropped a team-high 17 points for Belmont (27-8). “I think it was definitely a sense of urgency, not just for me but the whole team,” Clark said. “We know what we’ve done in the past. So it was a big thing for us to get this win today.” The urgency showed early, as Clark scored 10 of Georgetown’s first 14 points. Along with Clark’s play, the Hoyas’ used a major size advantage inside to take a 36-27 lead into half time. The lead remained around the 10-point mark for the majority of the second half. Belmont coach Rick Byrd said his team was not able to make any runs against the Hoyas’ zone defense. “I just didn’t predict that we’d face zone or that we’d do as poorly as we did,” he said. “But (Georgetown’s zone is) a great one. They’re well taught, and they’ve got great athletes.” Georgetown’s efficiency on the offensive end allowed it to stave off any Belmont runs as well. The Hoyas shot 61 percent from the field, including nearly 70 percent in the final 20 minutes. West Region’s No. 9-seed Saint Louis beats No.8-seed Memphis, 61-54 In the most competitive game of the day, No.9-seed Saint Louis (26-7) held all but one No. 8-seed Memphis (26-9) player to single-digit points in a 61-54 victory. Billikens junior guard Kwamain Mitchell led all scorers with 22, and SLU senior forward Brian Conklin played tough inside against bigger Memphis defenders, adding 16 points. Conference USA Player of the Year Will Barton was the only Tiger in double-digits with 16 points. Memphis sophomore forward Tarik Black, who Barton said Thursday was the Tigers’ biggest advantage heading into the game, was held to four points and only played 19 minutes due to foul trouble. SLU frustrated the Tigers by preventing them from getting out and running. “Honestly, they didn’t even – they didn’t have nobody on offensive boards, just one guy, and the rest of their players got back on defense,” Memphis sophomore guard Joe Jackson said. “So they basically took away the fast break, and we played into their hands, just settling for bad shots.” The first half saw back-and-forth play with the teams tied, 23-23, after 20 minutes. SLU held Memphis to 33 percent shooting, 1-of-8 from 3-point range in the first half. “To keep (Memphis) to 23 points in a half is really good, but look, that’s what we pride ourselves on is our defense,” SLU junior forward Cody Ellis said. Memphis used a 7-2 run early in the second half to get up 37-29, thanks in part to a few steals by Barton and sophomore guard Chris Crawford. The Billikens followed with a 14-5 run of their own. After a long, shot-clock beating three pointer by Mitchell, SLU led, 48-44, with fewer than five minutes to play, and held on for the victory. “We could have given up and went down, 10, 15 points, but the guys kept fighting back, making big shots and knocking down key free throws,” SLU sophomore forward Dwayne Evans said, who scored six points and grabbed 11 rebounds. West Region’s No.1-seed Michigan State beats West No.16-seed LIU Brooklyn, 89-67 It was closer than expected for the first 25 minutes, but eventually, No.1-seed Michigan State (28-7) proved why it is a top-seed, as the Spartans topped the No.16-seeded LIU Brooklyn Blackbirds (25-9), 89-67. MSU senior forward Draymond Green led the way with a triple-double, pouring in 24 points while adding 12 rebounds and 10 assists. Spartans’ centers sophomore Adrien Payne (16 points and seven rebounds) and junior Derrick Nix (18 points and eight rebounds)-combined for 34 points and 15 rebounds. “Those guys are monsters. They’re really good players and they’re really skilled. That’s why they’re a No.1 seed,” LIU Brooklyn coach Jim Ferry said, LIU Brooklyn jumped out to a five-point lead early, but it didn’t last long, as the Spartans started to feed their bigs, exploiting the Blackbirds lack of size inside. Greeen, Payne and Nix combined for 24 points and 16 rebounds in the first half, as the Spartans scored 34 of their 42 first-half points in the paint. A balanced attack kept LIU Brooklyn in the game, with eight different players scoring in the first twenty minutes. MSU led, 42-37, at the end of the first half. The Blackbirds held strong early in the second half, but a 28-12 run by MSU allowed the Spartans to cruise for the majority of the game’s final minutes. “It was a big win for us, on a team that I think is a very solid, good team. I was concerned (early), but I thought we took control in the second half,” MSU coach Tom Izzo said.
At the start of this month, former owner of AC Milan Li Yonghong couldn’t complete the payment which was part of the €300 million debt owed to Elliott Management who now has taken control of AC Milan.As the club rejoices over the revoke of UEFA ban, Yonghong is out to fight for the ownership of the club as he claims he made a mistake, stating that he will safeguard his rights and give assurances to the club’s stakeholders.In a letter to Il Sole 24, quoted in FourFourTwo, Li Yonghong said:“I made a mistake and only discovered it to my great detriment during my tenure. Elliott showed itself from the start to not be the partner I imagined but rather a lender totally disinterested in the complex management of a club of Milan’s standing, despite its control of the team’s board.Serie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“All this happened despite repeated declarations from the fund regarding its alleged support for the club.“During my time as president, I would like to remind all of you that I have never failed in my commitments and for this, I have proof of over €200m invested by me in the team under my ownership.“I am ready to fight and I will do it to safeguard my rights and give assurances to the AC Milan shareholders, whom my beloved club deserve.“Any deliberate and intentional manoeuvres to reduce the value of AC Milan will be prosecuted by law. Thank you for your hospitality and attention.”
The former footballer says Pep Guardiola’s team has everything to be crowned champions once again of the English Premier LeagueSpeaking to the Premier League’s official website, and reported by The Sport Bible, legendary footballer Paul Scholes believes Manchester City will win again.According to the former player, Pep Guardiola’s club will be crowned kings of the 2018-2019 season.“I think Manchester City will win the Premier League again,” he told the EPL.Solskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.“They won the league by a distance last year and they look just as good as ever when I saw them the other day. So I expect City to win the league.”“We don’t know what Chelsea are going to be like, we don’t know what Arsenal are going to be like with their new coaches,” he added.“But I’d go for City to win the league, Liverpool second, Manchester United third and I’ll go for Tottenham fourth.”
Former England coach Stuart Pearce says he is concerned about Harry Kane and his overall performance at the World Cup and at the start of the season with Tottenham.Kane won the golden boot at the World Cup in Russia and has managed to score two goals in four Premier League matches this season, which were his league goals ever in August.When asked if his overall performance worried him, Pearce told Sky Sports: “Yeah, I did in the summer, I’m realistic enough to know that winning the golden boot at a World Cup, that is special, make no mistake about that.“But I think his performances over the seven games were OK and the longer the tournament went on, the more his performances diminished in many ways.Crouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.“I don’t know if we need to get more help to him on the pitch because he’s going to be England’s centre-forward for the next however many years because of the character he is, the person he is there’s no doubt.“If he doesn’t score the goals for England I would worry about where we’re going to go as a national team.“I see it as two-fold with Harry. There’s a new-found respect for him and that means defenders are on high alert, which will nullify him in some ways. And secondly, when you play against Tottenham now, because people respect them as one of the big six, they defend a lot deeper and there’s less room. I don’t think that suits Dele Alli or Harry Kane.“We set up teams against them at West Ham last year and we felt if you pushed up and left space for those two, they’re going to hurt us but bank up behind the ball and play on the counter-attack and they found it very difficult to break any shackles that we’d put on them. They’re getting that now at Tottenham, Harry especially.”
Real Madrid defender Nacho admitted that he would take back Cristiano Ronaldo in a heartbeat following their recent strugglesThe loss of their all-time record goalscorer is having a telling effect on Real this season with the club having failed to find the net in their last four matches, three of which they lost.But Nacho, who earlier this week defended under-fire boss Julen Loptegui, insists that Real cannot dwell on the loss of Ronaldo and must look forward.“It is a difficult subject for us. I’ve said it several times. If it were up to us we would love to have Cristiano in the squad because we had him for many years and he is a player who makes a difference,” Nacho told Goal.“But it is a situation where we cannot feel sorry for ourselves because of Cristiano. He chose to leave.“We are grateful for everything he did for us and we wish him the best of luck. But we cannot feel sorry for someone who is no longer with us. It isn’t our fault he left, nor was it up to us to make him stay.“I hope he has the best of luck and we have to work through the present and future in the best way we can with what we have.”Quiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.Finding someone to replace a five-time Ballon d’Or winner, who provided over 40 goals a season, was beyond Lopetegui in the summer.But Nacho is certain that the current squad have the required level of talent to succeed.“Well, Cristiano left and the club decided not to sign anybody. We have a lot of faith in the players we have,” he added.“You win titles with the players you have in the squad. To start with, when we were winning everything looked rosy and now it doesn’t.“But we have to keep our cool in this sport, and save our analysis for when the season finishes. But we have a lot of confidence in the players we have.”Real will next face Levante in La Liga on October 20 at the Santiago Bernabeu.
The popstar was celebrated at the amfAR Gala, sharing “today I understand that a courageous life is the only one worth living” Ana YglesiasGRAMMYs Oct 22, 2018 – 1:05 pm GRAMMY-nominated singer/songwriter Katy Perry may be best known for her music, with catchy hits like “Dark Horse,” “Swish Swish” and “California Gurls,” but she is also a passionate advocate and activist. On Oct. 18, the popstar was honored with the amfAR Award of Courage for her ongoing support and advocacy in the fight against HIV/AIDS. Katy Perry Honored With amfAR Award Of Courage katy-perry-honored-amfar-award-courage-support-hivaids-research News Email Twitter Facebook https://www.instagram.com/p/BpIMevYFuoH/?utm_source=ig_web_button_share_sheet Katy Perry Honored With amfAR Award Of Courage For Support Of HIV/AIDS Research At the 2018 amfAR Gala Los Angeles, an annual star-studded fundraising event for amfAR’s work to end HIV/AIDS through scientific research, Perry gave a passionate acceptance speech, critiquing the non-accepting community she grew up in and acknowledging her queer fans and honoring their courage.”Today I understand that a courageous life is the only one worth living. I come from a Bible-thumping background that wasn’t particularly open or accepting of curiosity,” she said. “I may not have known it then, but daring to ask questions and redefine right and wrong when everybody around me spoke in absolutes was my first attempt at a courageous life.”She continued, “To my LGBTQ-plus family who is disproportionately affected by HIV/AIDS, I’ve always felt such a deep connection to, and gratitude for your bravery to live your authentic truth. It’s a gift to all of us and you deserve to be safe, seen and celebrated.”With support from Perry and others, the gala alone raised $1.7 million for the charitable organization, which, with the Countdown to a Cure for AIDS initiative, is working to develop a cure by 2020. The evening also honored TOMS founder Blake Mycoskie and featured performances from GRAMMY-nominated “Goldfinger” singer Shirley Bassey.In addition to being a longtime supporter of AIDS/HIV research, Perry was also given the UNICEF Audrey Hepburn Humanitarian Award in 2016 and has been a Goodwill Ambassador with the organization since 2013. She has donated to causes near to her heart over the years, including in 2011 when she donated $175,000 of proceeds from her California Dreams Tour to 50 non-profit organizations.Dolly Parton To Be Honored As 2019 MusiCares Person Of The YearRead more
A judge has dismissed charges against Michael Maurice Johnson (right) in the 2010 death of Phylicia Barnes (left). (Photos courtesy of the Baltimore City Police Department )A Baltimore judge has dismissed charges against Michael Maurice Johnson in the 2010 death of Phylicia Barnes. Baltimore City State’s Attorney Marilyn Mosby has vowed to appeal the decision, arguing that the trial judge, John Addison Howard, lacked jurisdiction to dismiss the charges.Phylicia Barnes disappeared in late 2010 and was later discovered floating in the Susquehanna River. Michael Maurice Johnson was charged with second degree murder in Barnes’s death and convicted in 2013, but that conviction was overturned because the prosecution failed to disclose discrediting evidence against one of its key witnesses, according to Russel Neverdon, Johnson’s defense attorney in his first trial.According to Neverdon, the State’s Attorney’s case against Johnson was “riddled with problems.”“There was no physical evidence that put him there. They searched his car, a DNA swab—they just did so much but there was nothing that they could find that actually put Michael Johnson as being the person responsible for the disappearance and the untimely death of this young woman,” said Neverdon of the state’s evidence.A second trial was ruled a mistrial last month by Howard, who now has dismissed the charges against Johnson on a motion by the defense for judgment of acquittal (MJOA) based on insufficient evidence, a motion which, according to Neverdon, asks whether, if all the evidence is viewed in the light most favorable to the prosecution, there is sufficient evidence by which a reasonable juror could find criminal liability.Mosby subsequently released a statement which read, in part, “We respectfully disagree with the Court’s decision today based on the fact that the defense waived their right to a ruling on a motion for judgment of acquittal. According to State v. Sirbaugh . . . the Court had no jurisdiction to grant the acquittal and we will be seeking an appeal on those grounds.”According to Neverdon, the state could have legitimate grounds to appeal Howard’s decision because an MJOA cannot generally be filed until after the prosecution has completed presenting its case to the jury. Because the judge initially ruled a mistrial because of the prosecutorial failure to redact a recording of a wire-tapped conversation involving Johnson before the recording was presented to the jury, the state may not have been able to present its full case, meaning a ruling on an MJOA would be inappropriate.“The problem becomes did [the judge] obviate the role of a jury when he starts talking about the sufficiency of the evidence. . . . From what I’ve read, from some early quotes, [the judge] said there was no direct evidence, this was circumstantial. But we know that under the jury instructions they would get at some point in time, suggests that there is no distinction between circumstantial or direct evidence. And that’s a question that, if the state’s going to make an argument, would fall within the purview of a jury. So I think if they’re going to attack, that would be where the attack would be,” explained Neverdon. firstname.lastname@example.org
(PhysOrg.com) — Semiconductor company AMD has taken its story of having developed next-generation GPU technology offering a “gorgeous, stunning, breathtaking visual experience” for more elite, serious gamers over to mainstream gamers as well. AMD this week announced a pair of new graphics cards for gaming enthusiasts looking for affordable prices for features that rock. Namely, AMD yesterday announced its Radeon HD 7870 and 7850 video cards. © 2011 PhysOrg.com More information: Press release AMD Launches World’s Fastest Motherboard GPU: AMD 790GX Citation: AMD balances Radeon deck of graphics cards (2012, March 6) retrieved 18 August 2019 from https://phys.org/news/2012-03-amd-radeon-deck-graphics-cards.html Explore further The two cards have a lot in common. They both are designed to compete with Nvidia. They both support PCI Express 3.0. They both support CrossFire technology, which refers to AMD’s technology allowing up to four GPUs to be used in a single computer to improve graphics performance. They both use AMD’s Graphics Core Next Architecture, for “intense visual experience, and “breathtaking visual fidelity” in games. They both support AMD ZeroCore Power technology, which shuts down the GPU during idle periods. Both have 2 GB of GDDR5 GPU graphics memory .Where the difference lies is clock speed, as well as price. The HD 7870 GHz has a 1 GHz clock speed, while the HD 7850 is clocked at 860 MHz. Prices will be around $350 for the HD 7870 GHz and around $249 for the HD 7850. Cards featuring the GPUs will be available from Asus, Diamond, MSI, and other AMD partners. Getting the cards to market gives AMD’s gaming partners selling points that they like, such as “gaming edge,” and enhanced experiences with the new AMD graphic cards. Reviewers are saying that the new cards achieve a nice balance between performance and power consumption, meanwhile. General reactions by AMD watchers have been favorable, especially on grounds of power efficiency. The cards reportedly perform with relatively low power consumption, which translate into cooler, less noisy computers , which gamers will appreciate. As Tom’s Hardware puts it, “lower power means less heat. Less heat translates to more conservative cooling. And that leaves the door open for gaming enthusiasts to enjoy quieter systems that go easier on the power bill.”The other round of applause is accorded on price. For those who have been unable to afford GPU chips at Radeon HD 7970 and Radeon HD 7950 prices, the HD 7870 and HD 7850 cards will be attractive options. The cards are reportedly set to become available widely around March 19. 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.
While taking a stroll down the curated love garden at his new store and losing yourself to the strains of Shehnai and Hindustani classical music from Benaras Gharana, you step into the world of Sabyasachi Mukherjee. The ace designer was recently in the national Capital when Millennium Post caught up with him at his newly opened flagship store.What’s your take on the fashion scenario in the Indian Society?We Indians are gradually crawling back into our own sensibilities. Every nationality has a regional standard for beauty whether they are Japanese, Chinese or African. But we Indians, almost always scrounge standards from the west. Most Indian men admire the feminine and curvaceous side of women. However, the way women perceive beauty in society is very different. I wonder sometimes who women actually dress-up for apart from themselves as I feel that women dress-up in their quest for supremacy. With each passing era, Indian Fashion has been witnessing a rapid growth. In fact, the shift in fashion and trends every six months is quite evident. The economic perspective in the global scenario is yet another influence that has altered Indian fashion. International brands entering the Indian market and being sold at economic prices is promoting the growth of brand awareness in India in a big way. Also Read – ‘Playing Jojo was emotionally exhausting’As we live in curated times, what role does personal style and individualism stand on?You know, I’ve always felt that beauty and comfort can co-exist together and style is about a woman who is 5’1 and wears flats to a fancy party. There’s a lot of dignity and grace in accepting who you are. Gradually I feel the importance of big brands will go away, giving a chance to the smaller brands which are going to help people create their own style. My lifetime muse is Frida Kahlo. She was phenomenally dynamic because she embraced who she was. She walked with a limp, unapologetic about her beauty, her illness, her uni-brow, everything. When I see a woman too obsessed with fashion I know she is a girl in trouble. A Sabyasachi woman believes in consistency and repetition. Look at Rekha, she wears stunning Kanchwipurams all the time, so much so that when you think of Kanchipurams, you only think of Rekha. I think that is iconism. Whether it’s Chanel-black and white or the personal styles of Audrey Hepburn, Frida Kahlo and Jackie Kennedy, all of them lived through consistency and repetition. Trendy is young, it’s boring, frivolous and fragile. Trendy is high-maintenance. You would want someone trendy as a onetime lover, not a lifetime partner. Also Read – Leslie doing new comedy special with NetflixWhat’s the biggest fashion faux pas according to you?The biggest fashion blooper is not being able to dress your age. The Indian change in attire has also managed to target the clothing for ‘plus size’ where the demand is remarkable. The market for plus size is gaining importance and the demand is growing day by day. This could be possibly the off-shoot from changes in diet, a plausible excuse in the form of the opening of more and more burger bars, pizza houses and other joints from the West. The variety in the wardrobe rises swiftly from this increasing urbanisation. The country today is witnessing a rapid growth in many sectors thus bringing in the need to dress well and appear presentable and being real. Everything is perfect and digitised. We shy away from imperfection and we hardly get any time to reflect. My clothing wants you to do that – know the traditional India from the bygone era, know about the textile, where it came from, how was it manufactured…. Until and unless the product does not make you inquisitive enough about yourself, I think it is a failed product.How much importance do you pay to technology advancements in fabrics, prints and craftsmanship?You can’t really move forward without technology. But having said that how much of it you use is also a very pertinent question. Today you can’t really move forward without respecting what the past gave you. It has to be an amalgamation of your past and present. In today’s market there is a big overdose of technology in everything – from the food we eat, to the products we use, to the music we hear. Somewhere down the line, what people are missing is a little rustiness of the things from the non-technical world. My design philosophy stands for personalised imperfection of the human hand. When I look at a woman who is just too beautiful, she almost is mechanised to me. So I like some flaws and freckles here and there to add to the beauty of the woman. Similarly, I like textiles and embroidery to have a little bit of character and age in them. I think men and women really start looking beautiful after 40. When you look into their eyes, you see the world through them.Tell us about your source of inspiration?I am a very sensory person. My source of inspiration has always been people, travelling, books and even the food that I eat. Whatever appeals to my senses, inspires me; and it can also be a perfume! The brand Sabyasachi’s design aesthetic has always been of romantic opulence, the kind that lacks sympathy for ‘modernity’ of the rib-crunching kind, of minds and bodies that obsess with faddish trends. In fact, my traditional decorative styles with swathes of handcrafted textiles, antique embroideries and rich tapestry of colours, is almost entirely for the bridal market. I am always focusing on asymmetry, unevenness and the gray scale of achromatic colours. I promote neither outrageous style nor provocative dressing.
About 40 works of art depicting memory and its different facets were unveiled to an august audience in the City of Joy on April 28 at the Harrington Street Arts Centre.The exhibition which will be travelling to the capital shortly was inaugurated by renowned artist Chitravanu Majumdar and actor Raima Sen. The art exhibition was presented by Shrine Empire and curated by Anushka Rajendran. The inauguration witnessed luminaries of the city – also art collectors like – Sanjiv Goenka, Madhu Neotia, and Sumedha Saraogi. Anahita Taneja, Director, Shrine Empire was present on the occasion. Also Read – Add new books to your shelfThis exhibition is an exploration of how art affects and is affected by the collective, personal and historical memory. Memory has for long been an elusive area of study for neuroscience. The inadequacy of science in capturing an intimately human experience is highlighted by the efficacy with which art was able to delve into the subject. The first edition of Lapses, the exhibition, explores the ways in which various memories – collective, personal, political and historical – resounds every day. This exhibition consists of a series of artworks of 12 artists that lend memories of object-hood, saving them from the lapses in the collective and personal memory. Also Read – Over 2 hours screen time daily will make your kids impulsiveThe art exhibition brought together landmark contemporary artworks to Kolkata by established artists, and emerging artists gaining international acknowledgement. Some of the artists who took part in the exhibition are Anoli Perera, Gautam Kansara, Kartik Sood, Neerja Kothari, Ranbir Kaleka, Samanta Batra Mehta, Paula Sengupta, Samit Das, Shilpa Gupta, Subrat Kumar Behera, Tayeba Begum Lipi.Speaking on the occasion Anahita Taneja, Director, Shrine Empire said, “Shrine Empire returns to Kolkata after nine years,from where the gallery began its journey. We were keen to have a curated exhibition with exciting contemporary artworks from India and the diaspora as well as artworks that have been inspired by West Bengal. We have taken specific care to include artists who have connections with Kolkata including Samit Das, Paula Sengupta and Neerja Kothari and maintain conversation between their works and the other artists who are part of the show.” The theme of the exhibition asks questions on the nature of art, and its function in our every day life, with artists as chroniclers of our memories. “In fact Paula’s work deals with her mother’s memory, her struggle with cancer and about a year-long log of day to day events. It focuses on her mother’s memory”, explains Taneja.Another artist, Kothari has to trace her steps back in memory as part of her rehab after a debilitating illness. “That is reflected in her work”, adds Taneja.
Marriott-Starwood merger finally closes, what happens now to their loyalty programs? Friday, September 23, 2016 Share By: Scott Mayerowitz Source: The Associated Press << Previous PostNext Post >> Tags: Loyalty Programs, Marriott, Starwood Hotels & Resorts NEW YORK — Several of the best-known names in travel are now united in one hotel company.Marriott International closed Friday morning on its US$13 billion acquisition of Starwood Hotels & Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood’s Sheraton, Westin, W and St. Regis properties.In total, 30 hotel brands now fall under the Marriott umbrella to create the largest hotel chain in the world with more than 5,700 properties and 1.1 million rooms in more than 110 countries. That’s more than 1 out of every 15 hotel rooms around the globe.Marriott now eclipses Hilton Worldwide’s 773,000 rooms and the 766,000 that are part of the Intercontinental Hotels Group family, according to STR, a firm that tracks hotel data.“We’ve got an ability to offer just that much more choice. A choice in locations, a choice in the kind of hotel, a choice in the amount a customer needs to spend,” Marriott CEO Arne Sorenson told The Associated Press in an interview Thursday.Starwood’s guest loyalty program – Starwood Preferred Guest – was also a “central, strategic rationale for the transaction,” Sorenson said. The program’s members are deeply loyal to it, have generally higher incomes and tend to spend many nights on the road.Starting Friday, members of Starwood and Marriott’s two loyalty programs will be able to link their accounts together. Gold elite members in one program will get gold status in the other. Platinum elite members will get platinum in the other. Marriott silver members will see Starwood’s lowest category, Preferred Plus.Each Starwood point will be worth three Marriott Rewards points.Starwood put itself up for sale in April 2015. The Stamford, Connecticut, company had struggled to grow as fast as its rivals, particularly in “limited service hotels,” which are smaller properties that don’t have restaurants or banquet halls. They are often located on the side of the highway, near airports or in suburban office parks.To get Starwood, Marriott had to outbid China’s Anbang Insurance Group. U.S. and European anti-trust regulators were quick to approve the sale but the Chinese government hesitated, delaying the sale by months.“We may have been a little too optimistic about how fast we could get this thing closed,” Sorenson said Thursday.Marriott and Starwood – like other hotel chains – own very few individual hotels. Instead they manage or franchise their brands to hundreds of individual owners, often real estate development companies. Those individual hotel owners are responsible for setting nightly room rates. It isn’t uncommon for a developer to own a Marriott, Hilton, Hyatt and Sheraton in the same city.The purchase gives Marriott more leverage with corporate travel departments who often look for one giant chain to house all of their employees. It also gives Marriott more power over Expedia and Priceline, the two giant online travel agencies that sell rooms on behalf of hotel companies in exchange for a commission. The hotel industry has spent the last year trying to get travellers to book directly with them instead of the travel agencies to avoid paying those fees.There are still many details to work out.Marriott has thrived as an “asset light” company, owning a handful of hotels. Starwood has been selling off properties, while signing long-term management agreements for those same hotels. As of June 30, it still owned 23 properties. Sorenson said he believes there is a strong market to continue selling off many of those iconic hotels.“There is always a market for the St. Regis in New York,” he said, adding that other assets in the portfolio have comparable stature. “In great global cities, real estate like that always has a value.”The new company will keep Marriott’s Bethesda, Maryland headquarters but hasn’t announced if it will keep any presence at Starwood’s Connecticut or New York offices.Then there are the 30 brands. Some have performed better than others but Sorenson said all of them will probably survive the merger.“I think so. Every one of them has hotels in them,” he noted.For now, Starwood and Marriott will keep separate loyalty programs. Starwood has a credit card deal with American Express as well as close partnerships with Delta Air Lines and Uber. Marriott has a much larger program with partnerships with Chase and United Airlines.“Nothing changes immediately. We have to see how those partnerships evolve,” Sorenson said.Gary Leff, who writes about points and miles at ViewFromTheWing.com, called the three-to-one exchange rate of Starwood points to Marriott points “just right.”“It’s one of the many reasonable and positive steps that Marriott has taken along the way as it acquires Starwood,” Leff said. “But there’s a whole lot still to happen between now and the programs actually being combined.”
Monday, November 13, 2017 Travelweek Group Share Posted by Asia, Europe 2018 lineups new from Busabout TORONTO — Busabout’s new Asia 2018 program includes the new ‘Unlimited Pass’, offering clients the chance to travel once on all Busabout Asia trips within a three-month period.With the Unlimited Pass clients choose where to start and ﬁnish, and everything in between and can travel all of Southeast Asia for $65 a day. In addition to the ‘Unlimited Pass’, four of Busabout’s most popular Asian trips have been improved: the five-day Southern Thailand Adventure; the six-day Southern Vietnam Adventure; the 10-day Thai Island Hopper; and the 24-day Vietnam & Cambodia Adventure.Clients who book and pay in full by Jan. 14, 2018 can save 10% off all 2018 departures as part of Busabout’s ‘Early Booking Deals’.Meanwhile Busabout, HAGGiS and Shamrocker Adventures have launched their new 2018-19 Europe brochure, as a follow up to their first-ever Europe Preview program.Next year will see the expansion of Busabout’s Hop-On Hop-Off travel network which includes new stops through Portugal and Spain and a trip to the foodie capital of Bologna for the first time.The new program will also offer an off-the-beaten-path exploration of Eastern Europe, as well as four new Europe Winter & Festive itineraries, nine new Adventures, and a new Winter Music Festival itinerary.More news: GLP Worldwide introduces first-ever Wellness programsClients who book by Jan. 14, 2018 can save up to 15% off the new European experiences, including 15% off all Hop-On Hop-Off passes, as part of its Early Booking Deals.The new brochure has been re-designed with the agent in mind. Plus, 95% of the brochure has been designed using UGC (User Generated Content), created from Busabout travellers to reflect real experiences. The new design allows agents to not only offer their clients even more choice than before, but also showcase real-life experiences on any given trip, says the company, adding that agents can now also sell with 100% confidence with all Europe trips ‘Book and Go’ guaranteed.“We are excited to introduce our new Europe 2018-19 program – from our new additions to the Hop-On Hop-Off network to the re-designed brochure. We now visit 47 destinations in 15 countries across Europe on our Hop-On Hop-Off network,” said Damien Bennett, Vice-President of Sales in North America for Busabout. “This year we wanted to entice our travellers in a new way, allowing them to jump right into the pages of our new brochure and easily picture themselves on one of our trips, making selling fun for our loyal agents.”More news: Can you guess the one and only hotel company to rank on Indeed’s Top Workplaces in Canada list?Highlights from the new Europe 2018-19 program include: the 2-day Croatian Adventure; the 15-day Ultimate Eastern Adventure (+ Eastern Highlights and Eastern Trail); Ski Festivals – Above & Below Ski Adventure and Rise Festival; and new Hop-On Hop-Off destinations include Bologna, Austrian Alps, Zakopane, Evora, Santiago de Compostela.Now featuring 47 destinations in 15 countries across Europe. The Unlimited Pass provides unlimited stops across the entire Hop-On Hop-Off network.For more information contact Canada sales manager Adam Bobawsky at email@example.com, visit busabout.com or call 1-877-668-4328 and quote promo code EB1 for the Europe early booking special, or EBASIA18 for the Asia EBB. Tags: Asia Pacific, Britain & Europe, Brochures, Busabout, coach tours << Previous PostNext Post >>
Thursday, August 1, 2019 Posted by Travelweek Group Another award-winning chef signs partnership with Air Canada << Previous PostNext Post >> MONTREAL — There’s more to savour onboard Air Canada, thanks to a new partnership with award-winning Canadian Chef Antonio Park.Exclusively featured on select Air Canada flights to Asia and South America, Park’s meals will be destination-inspired, kicking off on the Montreal-Tokyo-Narita route that links two cities he has called home.“We’re thrilled to continue showcasing the very best of Canadian talent with Chef Park joining our team of celebrated chefs,” said Andrew Yiu, Vice President, Product at Air Canada. “Apart from elevating our customers’ dining experience with destination-inspired creations on Asian and South American flights, we chose to partner with Chef Park due to his passion for promoting the Canadian culinary scene and his appreciation for fresh ingredients and sustainability.Event Speech Footage // Séquence de discours d’événement from Air Canada on Vimeo.Park’s culinary career was first inspired by his Korean mother’s kitchen while growing up in Argentina. He then trained under revered Japanese cooking masters and developed a passion for farm-to-table cooking. He has worked in Japan, New York, Toronto and Montreal before opening his first restaurant, Park, in Montreal in 2012. Park has served as a judge on Food Network Canada’s Chopped and Top Chef Canada, and has been recognized multiple times in Canada as ‘Chef of the Year’.More news: Direct Travel names Smith as Senior VP, Leisure Marketing, North AmericaOn his new role with the carrier, Park said: “It’s a blessing and an honour to partner with Air Canada. I’m extremely proud and humbled to be sharing my food with Air Canada’s customers flying at 30,000 feet. It is the perfect opportunity to use Canadian ingredients and Japanese techniques, marrying the two to enhance the onboard experience.”Park joins Air Canada’s panel of Canadian culinary and wine talent who have designed award-winning food and wine options. They include celebrated Canadian chef David Hawksworth, who creates signature dishes exclusively on Air Canada flights worldwide in Signature Class and the Air Canada Signature Suite; and Véronique Rivest, the carrier’s sommelier who handpicks wines to pair with Hawksworth’s menu. Contemporary chef Vikram Vij also creates Indian dishes for all cabins of service on Air Canada’s Canada-India flights from Toronto and Vancouver.Following Montreal-Tokyo-Narita, Park’s menu will be rolled out on flights from Toronto to Tokyo-Haneda, Vancouver to Tokyo-Narita, and from Montreal to Sao Paulo this fall. In 2020, his meals will also be available on flights to Hong Kong, Seoul, Beijing, Shanghai, Taipei, Sao Paulo (from Toronto), Santiago and Buenos Aires, as well as on seasonal flights from Calgary to Tokyo-Narita and Vancouver-Osaka.More news: Sunwing ready to launch Mazatlán-Quebec City direct this winterHis meal options will be available in Signature, Premium Economy and Economy Class on all flights from Canada to Japan, and exclusively in Signature Class on all other flights departing Canada to Asia and South America, in addition to options by Hawksworth. Share Tags: Air Canada, Chef Antonio Park, Signature Class
In This Issue. * New Home Sales Slumped… * Today’s data… * Brazil and India slide. * Canada to balance budget… And, Now, Today’s Pfennig For Your Thoughts! Markets continue to stabilize… Good day.Uh oh, guess what day it is. What day is it Mike? I’ll give you a hint, it’s not hump day. It’s actually Chris Gaffney’s birthday, so all the best to him today. Well, it was another cold start for us in the Midwest but I’m more than willing to deal with that if the weekends turn out nice like we’ve seen over the past couple of weeks. We eased back into the swing of it yesterday, but things really start heating up from here. It looks like the snow and cold weather is being blamed for the most recent housing data as the December new home sales were a big disappointment. Sales fell 7% to a 414k annualized pace while the November figure was revised down to 445k from the original reading of 464k. For all of 2013, there was a total of 428k new homes sold, which was an increase of 16.4% from 2012 and the most since 2008. Just to give some perspective, we saw a record low of 306k in 2011 and then the peak in 2005 at 1.28 million. The report, however, was primarily brushed aside and hasn’t tarnished the brighter outlook that many see going forward. When you boil it all down, new home sales only account for roughly 7% of the residential market, so it didn’t hold as much weight as sales of previously owned homes. As we’ve explained before, new home sales are counted when the contract is signed instead of closed so this data is much more current and often used as a current indicator by economists. As far as the markets are concerned, housing is still on the right path and looking ahead toward a thaw in both capacities. The rest of the data yesterday was all good news as the Dallas Fed manufacturing activity report beat expectations by climbing for a ninth month in a row to 3.8 in January. Nearly every individual component of the report increased as the production index, which is a key measure of the manufacturing conditions, increased to 7.1 from 6 and the new orders component rose to a seven month high of 14.4. I remember watching the news last week and saw where it was snowing in Houston, so the cold weather wasn’t enough to derail activity in Texas. The last bit of data yesterday came in the way of a better January Markit flash report. The data is a preliminary service sector reading that follows the same logic of many others in that a reading of 50 is the dividing line between growth and contraction. The index came in at a four month high of 56.6, which is up from the previous 55.7, and is adding to the optimism for 2014. We have several reports due today, but the markets are already looking ahead to tomorrow with the FOMC meeting. As I mentioned yesterday, December durable/capital goods orders will be the first data out of the gates and both reports are expected to stay on the positive side but show a slowdown as we headed into year end. Actually, the same can be said about the S&P/Case Shiller home price index and consumer confidence, so nothing extreme is being called for at this point. The bottom line is the Fed meeting holds all of the marbles at this point, or should I say the statements and comments following the meeting, so I would expect to see things just wobble along today. For most of the currencies yesterday, it actually wasn’t too bad. The flight to safety eased and the emerging market rout that held control was really confined to two currencies yesterday, which was the Brazilian real and Indian rupee. Government officials in Brazil are stuck between a rock and a rock at this point. The currency lost about 1% yesterday as the central bank president advised they will fight inflation as the currency weakens and basically reiterated what Rousseff said in Davos. The currency markets are interpreting this as interest rates will be on the rise. Normally, prospects of rate hikes are great news for currencies, just look at the pound sterling and the New Zealand dollar recently, but when its seen as desperation and being forced when it’s not warranted by a growing economy, the market can view it as a negative. Growth forecasts for this year have been recently cut to under 2%, so many worry about the implications of higher rates. India is in a similar situation in that economic growth has been running on the low side while inflation has been well above target. Policy makers are considering a change to the inflation targeting framework by using CPI rather than wholesale prices as the benchmark gauge of inflation. There is thought they would shoot for a CPI target of 4% by 2016, but the problem is that CPI averaged about 10% last year compared to wholesale prices at 6.3%. The overall thought is that interest rates will need to remain higher for longer in order to achieve this goal, which in turn, would hinder growth. Not only that, but the general thought in the market is continued tapering by the Fed will equate to less funds available for investment in emerging markets, so that has also contributed to the currency moves. Except for those two currencies, the others either finished the day on positive ground or just barely in the red. Surprisingly enough, the Mexican peso turned in the best scorecard by rising just under 0.75%. There wasn’t much to support its rise, but we did see the December trade surplus increase more than expected, but I think it got a boost by the brighter US outlook floating around yesterday and the fact that its economy is in better shape than many of the other Latin American economies. The Aussie was right behind in second place, but there weren’t any reports to push it upward so it looked to be a case of an oversold currency. The pound sterling rounded out the top three as investors were betting 4th quarter GDP will come in better and put the central bank in a position to raise interest rates sooner than later. This baffles me since Carney just got done saying interest rates aren’t going anywhere, so I’m not sure where or why they are leaning on this. I guess it’s a case of so you’re saying there’s still a chance. Speaking of that, I wouldn’t be surprised to see both the BOE and the Fed move the goalposts as it pertains to their unemployment rate thresholds and future policy. Neither economy is ready for rate hikes, so I can see them both saying something about how unemployment moved faster than expected, but nothing will change until we hit 6% or whatever number they would come up with. The Canadian dollar finished the day down a bit, but Finance Minister Flaherty said there is no doubt they will have a balanced federal budget in 2015. He left some wiggle room if things drastically change, but we’ve heard this all before. If economic growth is healthy and self sustaining, I would see this as a reasonable scenario. In other news, Canadian consumer confidence dropped to a four year low last week but most are looking ahead to Friday when we see November economic growth figures. As I came in this morning, we’re seeing more currencies in positive territory than not with the Indian rupee in the top spot as the central bank did pull the trigger and raise interest rates. The news that got the markets excited was the fact policy makers said they don’t anticipate more rate hikes if inflation stays grounded. We also had an Australian business conditions report rise to a 2 ½ year high in December so the Aussie got a nice boost overnight while the pound lost some steam as 4th quarter growth failed to rise. Economic growth slowed from the third quarter by only increasing .7% but full year growth for 2013 came in at 1.9%, which was the highest since 2007. Then there was this.I was greeted with an email from the Big Boss, Frank Trotter, this morning that I wanted to share, so here you go. “Chris asked me yesterday if I was headed down to Cafayate, Argentina in March. Seems that the Casey Report and letters from John Mauldin have mentioned that I am speaking at Harvest Conference. Well the rumors are true and if you are even slightly inclined to visit then head straight to http://www.lec.com.ar/visit/events/ and check out the proceedings and book your flights now. This will be my fifth or sixth time down and I have to say it gets better every time. If you are inclined towards golf, or equestrian pursuits, or hiking, or wine you’ll find a calling there. And for me the best element is the level of conversation with a raft full of intellectual and engaging people in the charming city square, the clubhouse of the estancia, or out in the countryside. Like the different impacts of economic downturns here in the US, while life is great up in Salta province it’s another world entirely in Buenos Aires. Argentina has been in the news of late as an example of an emerging market gone bad. Never mind the decline from one of the wealthiest countries after World War I to the volatile situation we have seen now for many years. In the past week Argentina has been named as the source of extreme concern as their currency was (finally) devalued. I have personally witnessed the exceptional spread between the official rate and the street rate for exchanging US dollar widen progressively for several years; and even after the devaluation the figures aren’t that close together but the official drop moves in the right direction. Add to that the global number one 2013 performance of the Merval stock index; according to Bloomberg the measure was up nearly 90% last year – perhaps this requires a moment of reflection for those who think that stock market performance is a clear indicator of national economic health.” Thanks again Frank. Recap.Cold weather is once again being used to justify a disappointing data report as this time its December new home sales, which fell 7%. The bright spot is that new home sales in 2013 was the highest since 2008. Both the Dallas Fed manufacturing report and the Market Flash services report showed improvement, but the Fed meeting tomorrow now has all of the attention. Except for the Brazilian real and Indian rupee, it wasn’t too bad in the currency market. The peso, Aussie, and pound rounded out the top three performers yesterday while the others all finished close to breakeven. Currencies today 1/28/14… American Style: A$ .8803, kiwi .8278, C$ .9003, euro 1.3640, sterling 1.6559, Swiss $1.1122. European Style: rand 11.00, krone 6.1572, SEK 6.4562, forint 223.17, zloty 3.0695, koruna 20.124, RUB 34.63, yen 103.15, sing 1.2744, HKD 7.7633, INR 62.51, China 6.1053, pesos 13.2728, BRL 2.4083, Dollar Index 80.66, Oil $96.22, 10-year 2.78%, Silver $19.71, Platinum $1,414.75, Palladium $716.10, and Gold. $1,254.70 That’s it for today…I just wanted to once again say Happy Birthday to my colleague and good friend Chris Gaffney. It was a busy day yesterday as the tax calls are starting to roll in. It’s that time of the year where all of the tax documents are being sent, so I would expect the call volume to really pick up. Anyway, I’m running a little behind this morning, so I’ll go ahead and wrap it up. Chris will take you through the rest of the week, so until next time, Have a Great Day! Mike Meyer Assistant Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837
In This Issue. * Currencies are mixed today. * Euro goes back and forth around 1.27. * Kuroda wants more yen weakness. * Gold is Money. And Now. Today’s A Pfennig For Your Thoughts. The Riksbank Joins The ZIRP Group! . Good Day!… And a Tom Terrific Tuesday to you! What a wonderful lunch date I had yesterday with old classmates and friends. Last year, 4 of us decided to have lunch and catch up, it was decided then that we would try to duplicate that fun, every quarter. Well, a year later, we finally got around to doing so! But this time, it was like a surprise party, for our small group had grown! The original group was me, my friend from kindergarten, Robin Sullivan, Stanley Johnson, and Linda Moore (Bilger). We then added, Ray Holthausen, Mark (Jr.) Walker, Jim Cooper, Kathy Ries, and Pam Scholtes. (the last two are married but I didn’t really catch their married names!) We laughed and laughed at the goings on in our lives, got somber about bad things, and then laughed again. It was simply wonderful! I told them all I would mention them in the letter today, so if the group grows any more, I might have to use initials! HAHAHAHAHA! Well, The currencies are mixed this morning, with the dollar holding on to some semblance of dignity with the euro, and the euro-alternatives, like Norwegian krone, and Swedish krona, but not with the renminbi, Aussie dollar (A$), and Gold. The Big Event this morning is Sweden’s Central Bank, The Riksbank’s meeting. Recall, yesterday, I told you about the upcoming rate cut discussion by the Riksbank, and thought that the Riksbank would do the dolt thing and cut rates even lower than they previously were, which. were so low you wouldn’t be able to limbo under them. Well, guess what the Riksbank did? That’s right, the dolt-thing. The cut their internal rate from 25 Basis Points (1/4%) to zero. The Riksbank has now joined the ZIRP (zero interest rate policy) group, that includes the U.S., Japan, Switzerland, Eurozone, U.K. and a few others. For those of you keeping score at home, Sweden’s internal rate was .25%…. Yes, that’s right, so to cut them from there is pointless isn’t it? Well, not according to Lars E.O. Svensson, a man who last year, left the Riksbank’s board in protest, because he didn’t think the Riksbank was doing everything they could to prevent deflation. He believes that the Riksbank should cut rates to zero, or even minus -.25%, and “even that will probably not be enough, so they will also have to think about implementing more unconventional measures, like asset purchases (QE) and maybe even a currency floor.” OK, given what this guy said, I’ll play a little game here. Svensson is a Princeton graduate, guess who his former colleagues at Princeton were? .. Jeopardy music plays. give up? Well it’s none other than Ben Bernanke and Paul Krugman! What in the heck is in the water there at Princeton? Or, better yet, who’s teaching these guys this stuff? Oh well, the good news is Svensson quit the Riksbank last year, so, he might be spouting off now about cutting rates to below zero, but he has no vote in the matter. Thank goodness! Alrighty then, that’s more time than I’ve spent on Sweden in a couple years’ worth of Sundays! The Aussie dollar is stronger this morning, so let’s go “down under” and see what’s up in the S. Pacific. After enduring the dreadful month of September for the A$, the currency has found a base around 88-cents, give or take a cent either way. The Reserve Bank of Australia (RBA) really was the driving force that pushed the A$ down from 94-cents at the beginning of September to a recent low of 86-cents. The RBA has been quiet lately, and that scares the bejeebers out of me. I don’t like when a Central Bank that has been so vocal about their currency suddenly goes silent. What are they up to? That’s what I would be asking if I ever got the opportunity to talk to the RBA. You may laugh about that idea, but have I ever told you about how I used to call the Reserve Bank of New Zealand (RBNZ) and talk directly to the Gov. Don Brash? Yes, back “in the day” I had met Don Brash in L.A. and after talking to him about monetary policy, and the bond market in N.Z. he gave me his card and told me to call him when I had questions about what they were doing. OK, you don’t have to invite me to a party two times, and so I exercised that offer to call. And to Don Brash’s credit, he picked up the phone each time, and would take time to discuss what was on Chuck’s mind regarding the N.Z. economy, etc. They don’t make Central Bankers like Don Brash any longer. Sorry for the trip down memory lane, there, but sometimes I think it’s important that dear readers like you understand my background and how I come to some of these idea as to when a Central Bank is either prudent or doltish! Alrighty then. The Japanese yen continues to teeter back and forth from falling into the deep, dark abyss or holding on to some semblance of dignity. (Ahem, Chuck, did you realize that’s the second time you’ve used that phrase this morning? Well, I hadn’t when I typed it, but now that you’ve brought it to my attention, shame on me! ) The Bank of Japan (BOJ) Gov. Kuroda, told everyone that would listen to him last night that the BOJ would do more in terms of monetary measures, if inflation fails to materialize and hold steady in Japan. Another dolt comment, for sure, because this is simply Kuroda saying that the yen is not weak enough to bring about inflation in our country. Japan, is a basket case. I’ve told you that for a long time now, and it all begins with their Gov’t debt. So, look for the Japanese yen to get back to the task at hand, which is to become weaker and return to 110. This morning yen is 108, so 110 might not even be weak enough. In China overnight, the Peoples Bank of China (PBOC) allowed another appreciation of the renminbi / yuan. Again, don’t forget that the only piece of Chinese data this week will print on Thursday, when their National report on manufacturing (PMI) will show its true colors. I think that the PMI will be surprisingly good, and that’s why the PBOC has allowed the renminbi / yuan to appreciate two days in a row. It’s been pretty quiet in China lately, with little news regarding new steps being taken to remove the dollar as the reserve currency of the world. You know that I’ve kept you on top of the news regarding China’s Gold reserves. And how they back up the truck when the price manipulators drive the price of Gold down. Well, now China is docking the cargo ships and filling them with cheap Oil. According to the Wall Street Journal (WSJ), The trading unit of state-run China National Petroleum Corp has bought 36 cargos of crude Oil in the open market so far in October, the largest purchase EVER in a single month! WOW! Who says the demand for Oil is shrinking due to the slowdown in economies all over the world? Not in China! And the euro is really spinning its wheels this morning, trading back and forth around the 1.27 handle. The euro rallied to as high as 1.2765 yesterday, but then someone said, Hey! What the heck is going on here? We’re not supposed to like the euro right now! And the single unit abruptly fell back to 1.27. But overnight and through the morning session, it’s been a 10-pip move around 1.27. So for those of you new to class, that’s 1.2690 to 1.2710. I find that the euro holding on to this level with the Fed’s FOMC meeting tomorrow hanging over it like the Sword of Damocles, very interesting. There’s very little to talk about with regards to domestic news from the Eurozone, so it’s all about how it trades in relation to the dollar. Well, here in the U.S. today, we’ll get to see the color of the September Durable Goods Orders, which the last two months had seen the gyrations of large airplane orders, and then the adjustment downward. But we should be getting back to normal stuff with the September report. The “experts” believe that Durable Goods Orders for Sept. will have grown .5%… Nothing to get all lathered up about, but in this day and age of economic reports before the election, you have to wonder why so muted? The U.S. Data Cupboard also has the S&P/ CaseShiller Home Price Index from August to print today. Here’s my thought on this data. August was a slow month, and the U.S. Treasury yields hadn’t fallen back as they did in Sept and Rocktober. For those of you new to class, the 10-year Treasury is the benchmark for setting mortgage rates. So, if mortgage rates were still higher, relatively speaking, Houses weren’t selling like funnel cakes at a State Fair, and if that wasn’t happening, the price of homes weren’t rising. Now, when we get around to see this data for Sept. and Rocktober, the 10-year’s yield had fallen, thus lowering mortgage rates again, and thus producing buyers, which drives up the prices. You know, the thigh bone is connected to the knee bone, the knee bone is connected to the shin bone, and so on. Oh, and Consumer Confidence will print today for Rocktober. Let’s just say, for grins and giggles that the survey people asked me if I was confident in this economy. What would I say? What would I say? Oh, we don’t have time to go through that here, but on the Butler Patio, this discussion could become quite lively! But, with the stock market not exactly looking as if its next stop is the moon, Consumer Confidence should drop a bit. But who knows, we’re only a week away from mid-term elections! I mentioned Gold was up a bit above. It’s not much of a move, but it’s positive, and that’s a move in the right direction, eh? And I have something of interest for you from my fave Gold researcher and analyst, Koos Jansen in the FWIW section today. One of my fave reads every morning that always has something to say about Gold & Silver, Ed Steer’s letter, has been AWOL this past week. I sure hope Ed’s OK. Before we head to the Big Finish today, I wanted to talk about this. It came to my attention yesterday that we had an additional death over the weekend, this time in the music world. Long time bassist Jack Bruce, who was 71, died. Jack Bruce was THE bass player of rock bands in the 70’s, folks. For those of you old enough, (like me) You’ve heard Jack Bruce’s playing and singing over the years. I guess the most famous band he was in was the band, Cream, along with Eric Clapton and Ginger Baker. My good friend, Preston, who played drums in the traveling band I played in, and I were huge fans of both Bruce and Baker. A rock legend gone. For What Its’ Worth. OK. I really built this up above, and it’s just an off the wall story about Gold & Silver, but I thought it to be interesting, and since it’s my letter. here it is! Oh, by the way, Koos Jansen can be found on the website: www.bullionstar.com And with no further ado. here’s Mr. Koos Jansen, with his article about how Gold is Money. “Would you like to receive a percentage of your salary in gold? Yes I do! I’m working for the first company in Singapore, BullionStar.com, that offers its employees to be paid in gold or silver. Any BullionStar employee – an economic agent that is free to choose to whatever he or she wishes to allot value – can choose what percentage of its remuneration will be settled in bullion. Of course, everyone working for any company can choose, once it has received its fiat salary, to exchange a percentage of the salary for gold. However, my employer facilitates the automation of this process; effortless and effectively. By this arrangement both me and my employer are acknowledging gold as money. Just as the Chinese Gov’t has done.” Chuck again. Pretty cool, eh? I remember the first time my employer offered direct deposit of my check.. How cool that was! (Hey back in 1979, that was cutting edge technology!) But here’s why this is important. I truly believe that Gold will be a part of the future monetary system on planet earth. Why? Because a debt based monetary system is not sustainable. That’s my story and I’m sticking to it! So. having someone’s wages, well, a percentage of the wages, paid in Gold or Silver is saying that Gold or Silver is money. It’s that simple folks. And over in the East, Asia and the Middle East, Gold is important to their lives. They believe that it’s a store of wealth. Shoot in India, if you don’t have Gold to offer, your daughter is not getting married! (or I think that’s how it works) Here in the U.S. most investors view Gold as a commodity that’s traded on whims. So, all in all, I wish EverBank had a program like BullionStar! To recap. The Big Event this morning has been the Riksbank meeting where they cut rates to zero from 25 Basis Points. The krona is getting whacked, because the forward guidance from the Riksbank was muted. The currencies are mixed this morning, with the krona and krone losing ground to the dollar, the euro flat, and the Aussie and renminbi currencies gaining VS the dollar. We’ll see some data here in the U.S. this morning, but none of it will light a fire under the markets, as everyone wants to see what the FOMC says tomorrow. Currencies today 10/28/14. American Style: A$ .8840, kiwi .7895, C$ .8915, euro 1.2705, sterling 1.6125, Swiss $1.0530, . European Style: rand 10.9215, krone 6.6235, SEK 7.3740, forint 243.30, zloty 3.3275, koruna 21.8345, RUB 42.48, yen 108.10, sing 1.2730, HKD 7.7575, INR 61.33, China 6.1421, pesos 13.52, BRL 2.4941, Dollar Index 85.59, Oil $81.15, 10-year 2.27%, Silver $17.28, Platinum $1,260.70, Palladium $780.09, and Gold. $1,228.20 That’s it for today. Well, the College Football Playoff Committee (CFPC) will publish their first ranking for the playoffs this evening. Should be interesting, but before everyone has a heart attack about the rankings, remember, there are 6 weeks of games still to be played, there will be changes! The World Series resumes this evening, with the Giants holding a 3-2 games edge. I can’t get over how great everyone looked yesterday! When we were young men, all those at the table played football together. There’s always a special bond among teammates, and we don’t have to see each other every day, or talk once a week for that to continue to bring us together. Good luck to Stanley Johnson who is rehabbing from an awful stroke he had late last year. I’m going on 5 days of feeling half-way decent, waiting for the shoe to drop. But hey! Maybe it won’t! I can always be optimistic, eh? And with that. I’ll get out of your hair today, and send you on your way to making this a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets
Copyright 2019 WNYC Radio. To see more, visit WNYC Radio.