Video: Watch TCU RB Aaron Green Do LeBron James’ Powder Toss During A Snowstorm

first_imgAaron Green does LeBron-style powder toss with snow.It’s surprisingly snowing quite hard in Fort Worth, Texas, this afternoon. TCU running back Aaron Green is using the rare snowfall to channel one of his favorite athletes – LeBron James. Standing on the Horned Frogs’ campus, Green did the Cleveland Cavaliers’ star’s famed pre-game powder toss, using a snowball in place of the chalk. Check it out:  Well done, Aaron. TCU opens its season Sept. 3 against Minnesota in Minneapolis.last_img

Video: Dalvin Cook’s Little Brother Meets Ole Miss’ Football Team

first_imgDalvin Cook celebrating with his helmet off.MIAMI GARDENS, FL – DECEMBER 30: MVP Dalvin Cook #4 of the Florida State Seminoles celebrates their 33 to 32 win over the Michigan Wolverines during the Capitol One Orange Bowl at Sun Life Stadium on December 30, 2016 in Miami Gardens, Florida. (Photo by Marc Serota/Getty Images)Deandre Burnett is a guard on the Ole Miss basketball team. He’s also the brother of Dalvin Cook, Florida State’s top player.Ole Miss and Florida State will hit the field Monday night to open the 2016 season in the Camping World Kickoff. The Seminoles’ best player, running back Dalvin Cook, has a unique connection to Ole Miss: his brother plays basketball for the Rebels.Cook’s brother, Deandre Burnett, will be eligible to play guard for Ole Miss this season after sitting out last year. He’s a transfer from the University of Miami.In this hilarious video released today by Ole Miss basketball, Burnett meets Rebels quarterback Chad Kelly and members of the Ole Miss defense. When he is introduced to the latter, things get interesting.? Our dynamic new guard Deandre Burnett, brother of FSU’s Dalvin Cook, meets Chad Kelly & the @OleMissFB team ??? pic.twitter.com/uGZNdN4y4m— Ole Miss Basketball (@OleMissMBB) September 1, 2016That’s fantastic social media work by Ole Miss. Well-done.Florida State and Ole Miss kickoff at 8:00 p.m. ET Monday night from Camping World Stadium in Orlando. ABC will have the broadcast.last_img read more

Spanish Maritime Services Firm Joins DP World

first_imgzoom Dubai-based terminal operator DP World has, through its subsidiary P&O Maritime, acquired the Spanish maritime services company Remolques y Servicios Maritimos (Reyser).Reyser has long-term agreements in 10 ports in Spain and contracts with 2 international liquefied natural gas (LNG) terminals at Saint John, New Brunswick in Canada and Point Fortin in Trinidad and Tobago.The company’s services include harbour towage, mooring, bunkering, diving and environmental support.It owns 151 vessels, including 20 tug boats, 53 mooring boats, 5 bunkering vessels and 73 ships conducting environmental work.“We are delighted to make this acquisition which underlines the further development of the group’s maritime services business,” Ahmed Bin Sulayem, DP World Group Chairman and CEO, said.“This is all part of our broader strategy to grow complementary sectors in the global supply chain such as industrial parks, freezones and logistics supported by new technologies adding value for all our stakeholders,” Bin Sulayem added.last_img read more

Shell Canada to release exploratory permits off BC coast

first_img“Releasing these exploration permits can help protect spectacular and environmentally rich areas off Canada’s West Coast where we have no plans to explore for oil and gas,” said Shell Canada President and Country Chair, Michael Crothers. “We saw an opportunity to support marine protection as part of our ongoing efforts to find pragmatic ways to contribute to conservation in Canada while maintaining our robust global exploration portfolio.”The company said that drilling activities it completed in the two basins before the 1972 moratorium had resulted in many oil and gas shows, indicating the potential for hydrocarbon resources in both basins.Given the ongoing moratorium, Shell said that it plans to formally release the permits and work with the federal government on potential investments to support marine conservation efforts in consultation with Indigenous Peoples and environmental groups.The company also announced that it will seek advice from the Nature Conservancy of Canada to determine how releasing these permits might achieve the most effective conservation outcomes.“Effective protection of our coasts, oceans and wildlife requires strong partnerships and collaborative efforts on all sides,” said Fisheries, Oceans and Canadian Coast Guard Minister Jonathan Wilkinson. “Our government is pleased to be working with First Nations partners, the Government of British Columbia and Shell to ensure the Scott Islands remain a thriving hub of biodiversity and marine life for generations to come.” CALGARY, A.B. – Shell Canada announced today that it will be voluntarily releasing 50,000 square kilometres of exploratory permits off the B.C. coast in order to support marine conservation efforts.The acreage covers an area more than one and a half times the size of Vancouver Island and is located in three separate locations in the Queen Charlotte and Tofino basins.Shell’s permit area, which has been under a Federal moratorium since 1972, overlaps with about one-third of the newly-designated Scott Islands National Wildlife Area off the northern tip of Vancouver Island.last_img read more

British Columbia Utilities Commission issued final report onGasoline and Diesel Prices in

first_imgThe BCUC also received more than 70 letters of comment from members of the public and interested parties as well as three reports prepared by two independent consultants, shares the BCUC.The process also included four days of Oral Workshops for the Panel to ask Interveners questions, and for Interveners to ask questions on the independent reports.The Panel has recommended a one-month comment period on the Report to provide the Inquiry’s participants with an opportunity to submit additional evidence relevant to questions posed by the BC Government.To review the Panel’s detailed findings, refer to the Executive Summary or Final Report; CLICK HEREThe BCUC shares a final copy of the report has been provided to the Honourable Minister of Jobs, Trade and Technology. VANCOUVER, B.C. – The British Columbia Utilities Commission (BCUC) issued its Final Report with responses to questions posed by the Provincial Government and its key findings from its Inquiry into Gasoline and Diesel Prices in BC.Following the inquiry process, some of the Panel’s key findings include;There is a significant unexplained difference of approximately 13 cents per litre in wholesale gasoline prices between Southern BC and its Pacific Northwest cost comparator;The wholesale market for gasoline in BC is not truly competitive with high market concentration levels, high barriers to entry, and their ability to influence prices. Retail market prices can also be controlled by five refiner-marketers;There is no evidence to suggest that there is collusion among the retail operators nor is there evidence of cartel behaviour; andRegulation could potentially reduce the wholesale and/or retail margins to what is earned in comparable jurisdictions and reduce price volatility. However, further investigation should be done to determine if such an approach would be of benefit to British Columbian consumers.According to the BCUC, they established an independent, transparent and public inquiry process. The Panel considered evidence filed by 11 registered interveners including all major companies that have refining and retail business in BC.last_img read more

Open to flexibility Rahul Gandhi on AAP alliance

first_imgNEW DELH: Just as possibilities of a Congress-AAP alliance looked more and more unlikely, Congress president Rahul Gandhi for the first time on Tuesday shed clarity on whether a tie-up was possible in the next few days. “There is no confusion on this, the situation is clear. We have constructed alliances and are constructing alliances, and are open to flexibility”. Interestingly, AAP chief Arvind Kejriwal had told reporters just on Monday that Rahul Gandhi said ‘no’ to an alliance with AAP. Also Read – After eight years, businessman arrested for kidnap & murderDespite Gandhi saying that the situation is clear, the two sides remain as far apart as ever when it comes to joining hands. Gandhi had a meeting with the two warring sides in Congress — the pro-alliance lobby led by PC Chacko and the anti-alliance lobby led by Sheila Dixit. While Dixit remained silent after the meeting, Chacko simply indicated that options were open. Earlier, Delhi Congress chief Sheila Dikshit met party president Rahul Gandhi on Tuesday triggering fresh speculations on the party’s possible alliance with the ruling Aam Aadmi Party (AAP) in Delhi ahead of the upcoming Lok Sabha elections. Also Read – Two brothers held for snatchingsThe meeting, which last for around 20 minutes was also attended by All India Congress Committee (AICC) in charge of Delhi PC Chacko. Dikshit, who has been opposing an alliance with the AAP, had said on Sunday that the decision on tie-up for Lok Sabha polls will be declared in a few days. The decision from Rahul Gandhi on an alliance is expected “anytime” now, sources said. The Congress is learnt to have discussed a 3:3:1 (three seats for both Congress and AAP and one mutually accepted candidate) or a 4:3 (four seats for AAP and three for Congress) formula in Delhi. This, though, remains unacceptable to AAP. The AAP, sources said, is slowly veering to the position that an alliance with the Congress just in Delhi is not worth the price. AAP is clearly indicating that it wants space beyond Delhi. AAP sources indicate that the party is willing to give 2 seats in Delhi, if Congress is also willing to give 2 in Haryana, and may consider giving 3 seats in Delhi, if Congress adds 3 seats in Punjab.last_img read more

Significant Digits For Thursday March 24 2016

This is Significant Digits, your daily digest of the telling numbers tucked inside the news. With Walt Hickey away on vacation — and with the third round of the NCAA men’s basketball tournament getting underway tonight — I’m hijacking SigDig today and tomorrow in the name of March Madness. Enjoy! 6 ACC schoolsSix schools in the Sweet 16 — Duke, Miami, North Carolina, Virginia, Notre Dame and Syracuse — hail from the Atlantic Coast Conference, setting a record (at least, since the NCAA Tournament expanded to 64 teams in 1985). The ACC had tied the previous record of five last season, so at this rate they’ll claim all 16 slots by 2026. [USA Today]24.5 pointsIn their two NCAA Tournament wins thus far, Villanova has outscored foes by 49 combined points, or 24.5 per game — more than any other team in the Sweet 16 field. Granted, one of those games was against 15th-seeded UNC Asheville, but the Wildcats also beat No. 7 seed Iowa by 19 and have exceeded the scoring margin our Elo ratings would expect by 11.8 points per contest. They’ll try to keep that hot streak going tonight against Miami. [Sports-Reference.com]63 pointsOklahoma’s Buddy Hield has enjoyed a season for the ages this year, and it’s carrying over into the NCAA Tournament, where he’s scored a tourney-best 63 points (31.5 per game) on a scorching 73.2 true shooting percentage. But maybe it’s best for the Sooners if Hield doesn’t keep that average up against Texas A&M tonight — Oklahoma was 4-5 in conference play this season when Hield scored 30 or more points, and 8-1 when the Sooner scoring attack was more balanced. [Sports-Reference.com]5 startersEach basketball team has five starters, and in the case of Maryland’s game against Kansas tonight, each Terrapin starter will be taller than the Jayhawk lined up across from him at tip-off. As a team, Maryland has the fourth-biggest roster in the nation, with an average height a good inch and a half taller than Kansas. But will it matter against the skilled Jayhawks? Our model says “probably not” — we’ve got Kansas favored with a 73 percent probability of winning, despite Maryland’s size advantage. [KC Kingdom]109th bestIf defense really does win championships, nobody clued in Oregon or Duke. The combatants in tonight’s late game ranked 43rd and 109th, respectively, in schedule-adjusted defensive efficiency this season, per Ken Pomeroy’s stats. Aside from their 116th-place finish in 2013-14, this year’s Blue Devils have given Coach K more defensive fits than any Duke squad since Pomeroy started crunching numbers 15 seasons ago. [KenPom.com]More than $30 millionWith those aforementioned six entries in the Sweet 16, the ACC stands to make a cool $30 million, at least, from an NCAA cash pool that rewards conferences when their teams go deep in the tournament. Naturally, none of that money will ever be seen by Brice Johnson, Malcolm Brogdon, Grayson Allen, Angel Rodriguez or any of the other players who powered those teams to the Sweet 16. [ESPN.com]If you haven’t already, you really need to sign up for the Significant Digits newsletter — be the first to learn about the numbers behind the news.If you see a significant digit in the wild, send it to @WaltHickey — or to @Neil_Paine, I guess, if you want.CORRECTION (March 24, 5:35 p.m.): A previous version of this article incorrectly described the average height difference between the starters on Kansas and Maryland’s men’s basketball teams. Maryland’s starters are, on average, about an inch and a half taller, not a foot and half. read more

Season comes to an end for volleyball team

The Ohio State women’s volleyball team’s run in the NCAA tournament was cut short by a devastating loss Saturday night.  The NCAA Tournament began Friday night when the Buckeyes faced Cincinnati in the first round.   Behind a team-high 17.5 points from junior Katie Dull, the Buckeyes defeated Cincinnati 3-1 to advance to the second round.  In the first set, two kills from freshman Emily Danks and two ace serves from junior Susan Halverson brought the Buckeyes out of a 16-12 deficit.  Two Dull kills sealed the first game 25-20 for the Buckeyes.The second game had quite a different rhythm as the Buckeyes fell 25-16.  The Buckeyes felt the pressure and came back in the third 25-15 and a Dull kill in the fourth ended the game 25-23 and the match 3-1.  The victory was short-lived as the team was focused on its next task, No. 9 California, who defeated Lipscomb earlier in the night.  Both coach Geoff Carlston and Dull were excited to get the opportunity to play California on Saturday.  “First of all, I thought it was a great match,” Carlston said. “You are going crazy through it but in the end, to be able to win a match like that against a great team is neat.”Excitement immediately turned to focus.The Buckeyes met California in St. John Arena on Saturday night.  The Buckeyes were slow to start in the first and trailed the entire game, falling 25-13.  Seniors Ashley Hughes and Kristen Dozier exploded in the second game, opening a run early.  Ohio State edged California 25-18, and tied the match 1-1.The third game was nothing short of a nail-biter. With 13 ties and four lead changes, the Buckeyes battle ended just short, 25-23.  California held the lead throughout the fourth game. The Buckeyes only trailed by as many as eight points in the game, but fought back to stay within three points.The Buckeyes fell 25-20 in the fourth and 3-1 in the match.  Carlston credited the players for their success just as much as the players credited the coaching staff for believing in them.  “We knew we had a good team and we had something to prove,” Carlston said. “More than that, the coaching staff believed in us so every day. We came in determined to do something good with this season.”Good is an understatement.  The Buckeyes finished last season 15-20 overall. This season they finished 25-11 overall and received an at-large berth to the NCAA tournament.  The Buckeyes will have to say goodbye to three seniors this year, Kristen Dozier, Ashley Hughes, and Chelsea Noble.   The team recognizes them for all they have given to the season and the program as they look to the future.  “This year was our year to prove to the Big Ten that we are back on track and we are who we are,” sophomore Kelli Barhorst said. “We are Ohio State. We are looking forward to building on it next year.” read more

Marko Arnautovic remains silent on West Ham future

first_imgWest Ham forward Marko Arnautovic refused to shed any light on his future at the club after helping Austria claim a 2-1 win over Northern Ireland on SundayThe 29-year-old came off the bench at Windsor Park to assist Valentino Lazaro’s stoppage-time winner in the UEFA Nations League.Arnautovic’s brother and agent, Daniel, suggested last week that a West Ham exit to a Champions League-type club could happen.But Arnautovic remained quiet on his future at London“I don’t want to talk about it. I am concentrated on West Ham,” Arnautovic told Sky Sports.“We have a big game against Manchester City on Saturday and I am only thinking about this game and the following games and what is being said is not my business.robert lewandowski, PolandReport: Euro 2020 qualifying Group G George Patchias – September 9, 2019 Euro 2020 qualifying Group G, saw Robert Lewandowski draw another blank.What should have been a plane sailing group for Poland, has turned out to…“My business is to perform on the pitch, to put in performances and that is what I want to do.”Despite knee injury troubles this season, Arnautovic is confident he will feature this Saturday for West Ham.“I will be OK,” he said.“Two days in a row was a bit too much but the gaffer asked me to play the last 25 minutes if needed, and it was needed. I am glad I could help.”Arnautovic has scored five goals in his opening 10 Premier League matches this term.last_img read more

Queiroz says the real Asian Cup starts now

first_imgIran and Iraq tied 0-0 in Matchday 3 of the 2019 AFC Asian Cup, and the Iranian team is now ready for the next stage of the competition.Iran and Iraq tied 0-0 today as the Iranian team ended up on the first place of Group D in the 2019 AFC Asian Cup.And Iran coach Carlos Queiroz has said that the real competition starts now.“I have no energy now. It was so intense, but it was played in good spirits. There was a lot of excitement in both teams,” Queiroz told The Khaleej Times.“We controlled the game. In the first half, we played better. We created two chances. The second half, it was 50-50. At the end of the day, for the commitment and the effort from both teams, I think the draw was a fair result.”Cristiano Ronaldo, PortugalAli Daei wouldn’t be upset if Ronaldo breaks his scoring record Andrew Smyth – September 13, 2019 Iranian legend Ali Daei wouldn’t be upset to lose his record as international football’s all-time record scorer to the “great” Cristiano Ronaldo.“We played a very good game against a very tough team. My players came out with great character,” Queiroz added.“When it’s necessary to play, they play. When it’s necessary to fight, they fight. Now they must be ready to play the game that is in front of them.”“We will try to be mentally fresh for the next game because now the real Asian Cup starts. From now on, only the team that wins will survive,” the Iran coach said.“For us, our goal was to qualify. After the first two games, we felt that we could be top of the group. Another goal was to give the opportunity to some players against Iraq. We made five changes. All of them showed that they are ready to compete.”last_img read more

Dyche says Burnley will battle to avoid relegation

first_imgA year after competing in European football, English Premier League club Burnley might get demoted to the Championship.Last season, Burnley was competing in the UEFA Europa League.And this season, the team is battling to avoid relegation from the English Premier League to the Championship.“We are fortunate in the sense other than the last season, which was clearly a strong season, the other seasons we have always been in and around it and searching for wins to make sure we got points on the board,” Sean Dyche told Sky Sports.Burnley FC v Manchester City - Premier LeagueMatch Preview: Burnley vs Liverpool Boro Tanchev – August 30, 2019 Premier League leaders Liverpool travel to Burnley for the Matchday 4 of the 2019-20 Premier League campaign.“It is not new territory. [We have] had a lot of different demands this season. I think we have come through that somewhat.”“[But] there are no guarantees. I mentioned that last week so the next one doesn’t owe you anything,” he added.“We are going down to a decent Watford side. They have had ups and downs in their season so far themselves but they are a good outfit.”“They have potential going forwards and they can open up a game. They have been pretty defensively strong other than the ups and downs that a lot of Premier League teams have so we certainly have got to be right on our performance there,” he commented.last_img read more

Wilmingtons Latest Legal Notices Week of June 3 2018

first_imgWILMINGTON, MA — Below are the latest legal notices related to Wilmington, published during the week of Sunday, June 3, 2018:Legal Notice — Town of Wilmington — Tax TakingsLegal Notice — Citation On Petition For Formal AdjudicationLegal Notice — Informal Probate Publication NoticeLegal Notice — Informal Probate Publication NoticeLegal Notice — Mortgagees Notice of Real Estate SaleLegal Notice — Mortgagees Notice of Real Estate SaleLegal Notice — Mortgagees Notice of Real Estate SaleLegal Notice — Petition for Appoinmtent of a Guardian of a Minor(NOTE: The above public notices is from MassPublicNotices.org.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington’s Latest Legal Notices (Week of September 1, 2019)In “Government”Wilmington’s Latest Legal Notices (Week of August 25, 2019)In “Government”Wilmington’s Latest Legal Notices (Week of August 11, 2019)In “Government”last_img read more

Sri Lanka freezes 41 bank accounts of alleged terror suspects

first_imgSecurity forces patrol outside St. Anthony’s Church, one of the targets in a series of bomb blasts targeting churches and luxury hotels on Sunday, in Colombo, Sri Lanka, on April 27, 2019.Xinhua/A. Hapuarachchi/IANSWith Sri Lanka still reeling in the aftermath of the Easter Sunday terror attacks, the government has frozen the bank accounts of 41 terror suspects. The suspects are mainly those with alleged links to the National Thowheed Jam’aath, which was behind the suicide blasts on April 21. The blasts had killed over 250 people and injured more than 500. The blasts targeted churches and high-end hotels across the country.PTI reports that the 41 bank accounts have a total of $759,000 while $79,333 was seized from the possession of the alleged terrorists during the time of their arrest.Ruwan Gunasekara, the Sri Lanka Police spokesman, was quoted as saying by Time Online that the 41 suspects are in the custody of the Terrorist Investigations department as well as the Criminal Investigations Department.The CID is also looking into the assets of the suspects which amount to USD 30 million.A state of emergency was imposed on the island nation of Sri Lanka since April 23 and the president, Maithripala Sirisena, extended by another month on Wednesday.The Islamic State of Iraq and Syria claimed responsibility for the attack but the country has not let the NTJ due to its alleged links to the ISIS. The attack’s mastermind, Zahran Hashim found dead in a hotel after the suicide blasts. Hashim was a key operative of the NTJ as well.Two days after the bombings, the ISIS, through its news agency al-Amaq, claimed responsibility for the attack saying that it was revenge for the mosque shooting which took place in New Zealand in March. They said that the bombings were a “bloody gift to you”.last_img read more

Kamal for replacement of CEC Nurul Huda

first_imgDr Kamal HossainGano forum president Kamal Hossain on Sunday demanded the replacement of chief election commissioner (CEC) KM Nurul Huda with a credible person for holding a free and fair national election.”We couldn’t be happy after talking to the CEC. We demand that he be replaced with a credible person,” Kamal said while briefing journalists about the country’s overall political situation and election atmosphere at the National Press Club.He further said, “He (Huda) should be replaced not removed. I would like to tell the CEC again we’re not happy with over you. We may change our opinion reviewing your activities. We want you to work neutrally from today, no matter what you did in the past.”As per the constitution, the Gano Forum chief said the CEC should work neutrally and independently without being directed by any one. “But, we’re forced to say you’ve so far failed to demonstrate your impartiality.””I sincerely request the CEC to ask his conscience whether he is working spontaneously as per his own understanding or at the behest of anybody. Acting as per anybody’s directives by the CEC is not only a crime, but also a violation of the constitution. If you continue to do that you’ll be considered as a violator of the constitution in history,” he added.Referring to the CEC’s comment that all the arrests are being made as per his directives, Kamal asked Nurul Huda to explain with documents as to why he is issuing orders to arrest people. “Your explanation will help us examine whether your actions are justified or you’re doing those as an abettor of the government.”He also warned that they may move the court seeking remedy if the commission does not change its current attitude towards opposition.The Gano Forum chief said the wholesale arrest of leaders and activists of opposition parties is still going on which is not conducive to creating a congenial election atmosphere. “This wholesale arrest should be stopped.”Kamal said, “Police are the force of the state…they aren’t the government force. Police have to work for creating a proper election atmosphere. They must provide legal protection to opposition parties.”The eminent jurist urged the CEC to tell the police to help create a proper election atmosphere so that all candidates can reach out to their supporters and carry out their election campaigns with equal opportunities.He said the government is making it impossible to hold a neutral and credible election with its ‘undemocratic’ activities and ‘wholesale’ arrest of opposition leaders and activists.Kamal said they are waiting with eagerness to witness a fair and acceptable election where people, the country’s owners, will get a chance to exercise their right to franchise freely.Showing a photograph, he strongly criticised the police for the way they arrested BNP nomination hopeful Monirul Haque Chowdhury.The Gano Forum president called upon media to neutrally play their role and depict the real scenario of the country as it will help create a healthy atmosphere for a fair election.He also opposed the EC’s decision on using the EVM in six constituencies and said most parties are against it.Replying to a question on seat sharing with BNP, Kamal said there is a possibility of both creating a distance and reaching a consensus over the issue. “We forged the unity for uniting people, and we all parties will field the candidates who will be acceptable to people, responsible and can play a good role in restoring democracy.”He said they will finalise the candidates of their alliance by two or three days.Earlier, in a written speech, Gano Forum executive president Subrata Chowdhury alleged that Ganobhaban, the ministers’ residences and government offices are being used for political activities by violating the electoral code of conduct. “But the election commission is playing a silent role.”He also alleged that though the administration and the law enforcers remain under the jurisdiction of the commission during the election, the opposition leaders and activists are being constantly arrested and harassed. “Even, the possible candidates are being arrested and implicated in various cases at the behest of the government high-ups. The judiciary is also being used so that the arrested people can’t get bail within a short time.”Besides, Subrata said, the ruling party candidates are carrying out election campaigns and with assistance and protocol of law enforcers and administration while law enforcers are creating obstacles to opposition candidates’ electioneering and meetings.At the beginning of the press meet, Kamal introduced slain former Awami League finance minister Shah AMS Kibria’s son Reza Kibria and former Kurigram Awami League leader retired major general AMSA Amin who recently joined Gano Forum.The duo said they joined Gano Forum to work for the country under the leadership of Kamal.At the end of the press conference, private TV channel ETV’s ex-chairman Abuds Salam joined Gano Forum.Krishak Sramik Janata League president Abdul Kader Siddiqui, Gano Forum general secretary Mostafa Mohsin Montu and Jatiya Oikya Prokriya leader Sultan Mansur were, among others, present.last_img read more

Twitter Names New Heads of US News Sports Content Partnerships EXCLUSIVE

first_imgTwitter has filled some key roles in its reorganized content partnerships group in the U.S. — promoting company insiders instead of outside hires.In June, Twitter’s global content partnerships group, led by VP Kay Madati, shifted to a regional management structure rather than one organized around content verticals.With the reorg, global video-partnerships head Todd Swidler and global head of news Peter Greenberger left Twitter. Laura Froelich — formerly global director of sports content partnerships — was moved into the new role of head of U.S. partnerships, while David Grossman, formerly Twitter’s global head of entertainment, is now head of U.S. entertainment (reporting to Froelich).Now Froelich has picked two other lieutenants: TJ Adeshola as head of U.S. sports and Nick Sallon as head of U.S. news. Popular on Variety Pictured above: TJ Adeshola (l.), Nick Sallon Adeshola (pictured above, left) will lead all U.S. sports partnerships at Twitter, after spending the previous few years managing Twitter’s partnerships with major U.S. sports leagues, including the NFL and the NBA. Before joining Twitter in 2012, he worked on ESPN’s digital sales and marketing team.Sallon (above, right) spent the previous two years as the GM of news for live video. He joined Twitter in 2015 with the company’s acquisition of Periscope, where he led content strategy. Sallon has focused on developing digital video strategies and revenue opportunities for news organizations, including working on programming for Twitter like Bloomberg’s TicToc and Buzzfeed News’ “AM2DM.” Prior to Twitter, he ran content acquisition and business development at Aereo (the Barry Diller-backed live-TV streaming startup sued by big broadcasters).In addition, Madati announced two other new members of the global content partnerships group: Stacy Minero as head of content creation, and Tyler Vaught as head of creators and Niche, Twitter’s branded-content program for creators.Minero, who reports to Madati, will focus on branded content. She’s spent the past four years at Twitter on brand strategy and agency development, where her team advised brands on content strategy and creative ideas to launch campaigns or win cultural moments. In 2017, she launched Twitter’s Fuel Team, designed to scale creative strategy to a broader slate of clients and offer in-house editing to optimize video for Twitter.Vaught is tasked with driving the global strategy around how Twitter partners with creators for branded and original content. He has been at Twitter for three years, previously as Niche’s head of West Coast business development. Vaught reports directly to Minero.According to Twitter, even though it dissolved the dedicated live-video team, video remains a strong strategic focus for the company.During the second quarter of 2018, according to Twitter, it continued to invest in video infrastructure, improving the quality of the video experience while increasing reach and engagement for content owners. Also in Q2, the company signed 50 new live-streaming, video-on-demand, video highlight, and Twitter Amplify video-ad deals, including with Disney/ESPN, NBCUniversal and Viacom. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

WestJet adds Belize City with exclusive nonstops

first_img Travelweek Group Tuesday, August 9, 2016 Share WestJet adds Belize City with exclusive nonstops Posted bycenter_img << Previous PostNext Post >> Tags: Belize, New Routes, WestJet CALGARY — Starting Oct. 29 WestJet will offer nonstop service from Toronto to Philip S. W. Goldson International Airport in Belize, the only Canadian carrier to do so.Flights depart Toronto at 9:15 a.m., arriving in Belize City at 11:59 a.m. Introductory fares start at $267.66 one-way, until Aug. 15.The flight’s departure time will allow guests to connect seamlessly from many cities across Canada to a destination known for its large Canadian ex-pat community, said Bob Cummings, WestJet Executive Vice-President, Commercial. “WestJet continues to respond to the needs of the communities we serve by delivering more choice, competition and lower fares to Canadian travellers,” he said.Karen Bevans, Director of Tourism for Belize, cheered the move, saying the new flight “will boost the demand for Canadian travel to our unique destination … this direct flight from Toronto to Belize City will encourage even more Canadians to venture south to our beautiful jewel,” she said. Canada is one of the strong source markets for tourist arrivals in Belize, she added.More news:  Sunwing offers ultimate package deal ahead of YXU flights to SNU, PUJEarlier this month WestJet also began year-round, nonstop service between Calgary and John F. Kennedy International Airport in New York City. Both the Belize nonstop and the JFK nonstops come on the heels of WestJet’s recent winter schedule announcement of more than 85 new flights across its growing network.last_img read more

Love is love is love Labrador meets up with dolphin every day

first_imgLove is love is love: Labrador meets up with dolphin every day for a swim Share Travelweek Group Posted by DONEGAL, IRELAND — Would you swim across an ocean to be with your soulmate? One dog did, and he does it every single day in the name of love.Okay, maybe it’s not the length of an entire ocean, but to Ben, a lovable labrador in Donegal, Ireland, it may as well be because that’s how deep his love goes for his #1 pal and soulmate, Duggie.And if that weren’t enough to melt your heart, get this: Duggie is a dolphin.According to residents, Duggie has remained off the Donegal coast after her dolphin mate unexpectedly died. One day, she met Ben – who likes long walks on the beach – and the two hit it off.According to residents, Duggie has remained off the Donegal coast after her dolphin mate unexpectedly died. One day, she met Ben – who likes long walks on the beach – and the two hit it off. More news:  Save the dates! Goway’s Africa Roadshow is backSince then, the two mates meet up to swim every day, sometimes up to three hours at a time, said Ben’s human, Pat Doohan.“Occasionally a school of dolphins will go by and she will join them. When I see them I think she will forget the island and go back to her wild ways but she never does,” he says.So there you have it: love is love is love. Here’s hoping Ben and Duggie have a lifetime of happiness together!center_img << Previous PostNext Post >> Thursday, June 27, 2019 Tags: dog, dolphin, Lovelast_img read more

Good day And welcome to another week  We had som

first_imgGood day. And welcome to another week.  We had some great weekend weather which I took advantage of watching my son’s football game Saturday and daughter’s soccer and field hockey games yesterday.  None of the games resulted in wins, but I enjoyed myself in spite of the outcomes.  The labor data here in the US provided the equity markets with a pleasant outcome Friday as stocks ended the week on a positive note.  The dollar didn’t have such a good week, dropping just over one and one half percent vs. the major currencies.  This week will be dominated by the FOMC meeting here in the US and the German constitutional court ruling on the other side of the pond.But we will start with a recap of events on Friday.  The US labor department reported the biggest decline in factory jobs in two years, contributing to a disappointing increase in payrolls during August.  The US economy added just 96,000 jobs last month after a revised 141,000 increase in July.  The median estimate of economists surveyed by Bloomberg called for a gain of 130,000 jobs.  Factory payrolls declined by 15,000 workers last month and was the major contributor to the drop in jobs.  Details of the report showed the workweek shrank, and the number of industries hiring new workers plunged to the lowest level in almost three years.  Definitely not a good sign for the prospects of the unemployed factory workers, and exactly what the current administration didn’t want to see.  A lot was made of the rebound in the auto industry, but the data showing manufacturing jobs have decreased throws cold water on that line of thought.But the President and his supporters can still point to the unemployment rate which dropped to 8.1%.  Yes, the number of people working dropped, at the same time the unemployment rate also dropped.  Much like last month, the unemployment rate and monthly jobs data seemed to be in conflict.  But unlike last month when the difference was blamed on inconsistencies in the generation of the reports, this month’s conflict could be more easily explained.  Americans are leaving the workforce at a faster pace than they are entering it.   368,000 Americans left the labor force last month, most of them giving up looking for new work.  The participation rate, which shows the share of working-age people in the labor force, fell to 63.5% from 63.7%.  There are currently fewer working-age people in the labor force than at any time since September 1981.  That one piece of data is a great indicator of just how bad things are here in the US.The labor data have increased the odds of action by Bernanke this week.  The Federal Open Markets Committee will be meeting on Wednesday and Thursday, and the Chairman is expected to announce another round of stimulus for the markets during his press conference Thursday morning.  During my presentations out in San Francisco, I shared my thoughts that there was just slightly higher than a 50% chance of another stimulus announcement this month.  I felt it was just too close to the Presidential election for the Fed to act; as they try to avoid the appearance of being too political.  But Chairman Bernanke has pointed toward the stagnant labor market as the key to further stimulus, and Friday’s report should provide him plenty of cover to avoid looking too political.  The markets are certainly expecting Bernanke to announce another round of stimulus; I saw a survey this morning which put the odds of another stimulus announcement this week at 99%!!The question now is exactly what will Bernanke announce.  Some now believe he will model his new program off of the ECB’s, announcing unlimited additional bond buying.  This would allow the Fed to continue purchasing bonds until they feel the economy shows more definite signs of recovery.  The advantage of this program, as shown by the reaction to the ECB’s announcement last week, is that the markets can’t question the ability of the central bank to take action.  But unlike the ECB program which is solely aimed at sovereign debt within 3 years, the Feds new program will likely be aimed at mortgage debt with longer maturities.  Another difference is that the ECB won’t buy bonds unless a country asks for a rescue, and then the bond purchases will come with austerity commitments by the country seeking help.  The Fed’s quantitative easing program won’t have any austerity measure tied to it, in fact it is more of an ‘anti austerity’ program adding to our deficits and debt in the interest of stimulating growth.Friday’s labor report and the resulting increase in expectations for another round of stimulus led to a rally in gold and treasuries and a continued fall in the value of the US$. Investors, worried about the inflationary impact of additional stimulus measures, took gold to the lofty levels it was trading at back in March.  While prices moved down a bit going into the weekend, gold is still firmly entrenched in an upward trend and certainly looks like it will challenge it’s former highs.The dollar lost ground vs. most of the major currencies on Friday, ending a week in which the dollar index fell over 1.5%.  I guess the ‘Chuck is off the desk rally’ held true again.  In years past, whenever Chuck is off the desk for an extended period, we always seem to have a currency rally, and last week’s dollar action was a confirmation of this pattern.  As I explained last week, the reason for the fall in the US$ is a fairly simple case of supply and demand.  The Fed will be creating a whole lot of dollars which it will be using for the bond purchases, and this increase in supply will eventually lead to inflation.  It may not be reflected immediately in the price of goods and services, as international investors still seem to have an appetite for the freshly minted currency.  But eventually the demand will slacken, and at that point we could see a spike in inflation.  Bernanke has told us he is aware of this risk, but he is convinced the Fed can pull the newly created dollars back out of the markets as fast as he is adding them.  I guess we will just have to wait and see if he is correct, but the markets are starting to hedge their bets.The ECB action last week helped the euro push above the $1.28 handle, but it gave it back and is hovering just below it this morning.  Concerns over the German Constitutional ruling due out this week, combined with renewed concerns in Greece put a lid on the appreciation of the single currency.   The German court is expected to give its ruling on Germany’s participation in the European Stability Mechanism on Wednesday.  The court is expected to allow for Germany’s participation, but currency traders are worried they may put stipulations on any future participation of Germany in European bailouts.  Both German Chancellor Angel Merkel and Finance Minister Wolfgang Schaeuble are confident the German court will allow the establishment of the ESM, allowing the bailouts to continue.Greek Prime Minister Antonis Samaras is due to meet officials from the ECB, IMF, and EU today.  Samaras failed to secure an agreement to the 11.5 billion spending cuts required for the release of the next round of rescue funding.  After this year’s two elections, Samaras is operating with a minority government and must get his two coalition partners to agree to the austerity measures.  At least one of the two is demanding the cuts be combined with growth measures. “The recession is deep and if these measures aren’t accompanied by growth measures, they will be ineffective,” according to Greece’s Democratic Left leader Fotis Kouvelis.  “Our European partners need to know that Greeks can’t take anymore.  Nothing can be taken for granted.”  Sounds like we could be in for some more volatility in Greece.  We warned you that the rollercoaster ride of the euro isn’t over yet, so just make sure you are strapped in!The Canadian dollar rallied to a yearly high this morning after a report showed employment in our northern neighbor rose faster than forecast.  Canadian employment rose by 34,300 jobs in August, offsetting a decrease of 30,400 the month before.  The unemployment rate remained at 7.3%, right on target with median forecasts.  While the number was definitely a positive sign, the Canadian economy is expected to remain in a slow growth mode.  Last week the Bank of Canada left the key interest rate unchanged at 1% in an effort to encourage investment and consumption to drive growth.Carney has reflected a hawkish tone, as increases in the prices of commodities which make up the majority of Canada’s exports threaten to push up Canadian inflation rates.  The increase in commodity prices caused the BOC to reiterate that interest rates may have to be raised in order to prevent inflation from accelerating.  Following last week’s BOC meeting, Carney said “some modest withdrawal of the present considerable monetary policy stimulus may become appropriate.”  Higher interest rates would give even more support to the Canadian dollar, sending it to new yearly highs.The Australian dollar moved lower in early European trading after a report showed China’s imports slowed.  Both Canada and Australia have commodity driven economies, and the commodity markets are dependent on strong demand  from China.  A report released earlier today showed China’s imports slid 2.6% in August from a year earlier, the first decline since January.  The same report showed Chinese exports rose 2.7% and a different report showed production increased 8.9%.  The Chinese President sounded a warning, saying China’s economic expansion faces ‘notable downward pressure’.The pace of the global economic recovery is going to be dependent on Asia, as both the US and Europe’s economies continue to struggle.  So the news that Chinese imports slowed are worrying.  China has been slowly changing from an export driven economy into one driven more by internal consumption, so the slowdown in imports is concerning.  And concerns regarding the Asian growth prospects were heightened further with the release of Japanese GDP measures which showed the economy grew at just .7% during the 2nd quarter, less than the preliminary reports which predicted a 1.4% increase.  The median forecast of economists was right in the middle of the two figures at 1%.  The spending which was necessitated by last year’s earthquake and tsunami helped push GDP up slightly, but that spending is now over and gridlock in the Japanese parliament is preventing any additional stimulus.  There is a good chance the Japanese economy could slip back into contraction in the 3rd quarter.  I continue to warn against investments in the Japanese yen, and actually look at it as one of the currencies which could fall the most as investors start to move back into higher yielding currencies.To recap. Friday’s monthly jobs reports showed a US economy which is still struggling to recover, and put the possibility of a stimulus announcement by the Fed at almost 100%.  The future of the ESM (and therefore the euro) rests in the hands of a German Constitutional court which is expected to rule later this week.  But the court is widely expected to rule in the euro’s favor, and the single currency continued to rally.  The possibility of another round of stimulus had gold rallying along with the commodity currencies.  The loonie hit a yearly high but the Australian dollar moved lower after a Chinese report showed imports decreasing.  Japan’s GDP came in at ½ of what was originally predicted, and further stimulus isn’t in the cards for the Japanese yen.Currencies today 9/10/12. American Style: A$ $1.0353, kiwi .8106, C$ $1.0239, euro 1.2781, sterling 1.6009, Swiss $1.0562. European Style: rand 8.1789, krone 5.7822, SEK 6.6390, forint 223.04, zloty 3.2178, koruna 19.177, RUB 31.7243, yen 78.28, sing 1.2365, HKD 7.7559, INR 55.3875, China 6.3377, pesos 12.9622, BRL 2.029, Dollar Index 80.336, Oil $96.46, 10-year 1.67%, Silver $33.6925, Gold $1,734.57, and Platinum $1,596.75That’s it for today.  Tough loss for both our football teams this weekend.  Mizzou looked good for the first three quarters in their opening SEC game vs. Georgia, but just couldn’t hang with the dawgs at the end of the game.  And the St. Louis Rams dropped their season opener during the final 10 seconds of the game played up in Detroit.  My son’s high school team got routed on Saturday morning after their game Friday night was delayed because of a storm which rolled through during the first half.  Not a good football weekend, but I enjoyed it still as the weather was absolutely fantastic Saturday and Sunday.  The trading floor has a new look this morning as workers installed several new desks over the weekend to keep up with our growth.  Things are a bit cozier now and I’m sure the noise volume will increase as we put butts in all the new seats; but that is what I like about being out on the floor, all the noise and activity are what makes it a trading floor.  Gone on a bit long this morning, so I will just thank all of you readers for sharing your morning with me.  Hopefully this will be a Marvelous Monday and a great start to your week!Chris Gaffney, CFA SVP & Director of Sales T. 314-951-1619 EverBank World Markets 8300 Eager Road, Ste. 700, St. Louis, MO. 63144 EverBank.comlast_img read more

The Shiller PE SP 500 divided by the 10year av

first_imgThe Shiller P/E (S&P 500 divided by the 10-year average of inflation-adjusted earnings) is now 27, versus a long-term historical norm of 15 prior to the late 1990s bubble. Importantly, the profit margin embedded into the Shiller P/E is currently 6.7% versus a historical norm of just 5.4%. The implied margin is simply the denominator of the Shiller P/E divided by current S&P 500 revenues (the ratio of trailing 12-month earnings to revenues is even higher at 8.9%). As I showed in “Margins, Multiples and the Iron Law of Valuation,” taking this embedded margin into account significantly improves the usefulness and correlation of the Shiller P/E in explaining actual subsequent market returns. With this adjustment, the margin-adjusted Shiller P/E is now nearly 34, easily more than double its historical norm. This fact is important, because the Shiller P/E averaged 40 during the first nine months of 2000 as the tech bubble was peaking. But that Shiller P/E was associated with an embedded profit margin of only 5.0%. Adjusting for that embedded margin brings the margin-adjusted Shiller P/E at the 2000 peak to 37. Quite simply, stocks are a claim not on one or two years of earnings, but on a very long-term stream of cash flows that will actually be delivered into the hands of investors over time. For the S&P 500, that stream has an effective duration of about 50 years. At normal valuations, stocks have a duration of about half that because a larger proportion of the cash flows is delivered up front. The point is that our concerns about valuation aren’t based on what profit margins might do over the next several years. To take earnings-based valuation measures at face value here is essentially a statement that current record-high profit margins, despite being highly cyclical across history, will remain at a permanently high plateau for the next five decades. That’s the only way that one can use current earnings as representative of the long-term stream of cash flows that stocks will deliver over time. In order to use a simple P/E multiple to value stocks, this representativeness assumption is an absolute requirement. On other measures that have an even stronger historical correlation with actual subsequent market returns than either the Shiller P/E or the S&P 500 price/operating earnings ratio, the ratio of stock market capitalization to GDP is now about 1.33, compared to a pre-bubble norm of 0.55. The S&P 500 price/revenue multiple is now about 1.80, versus a historical norm of 0.80. On the measures we find most reliably associated with actual subsequent 10-year market returns (with a correlation of about 90%), the S&P 500 is not just double, but about 120-140% above historical norms. On a broader set of reliable but more varied measures, the elevation averages about 116%. Current equity valuations provide no margin of safety for long-term investors. One might as well be investing on a dare. It may seem preposterous to suggest that equities are literally more than double the level that would provide a historically adequate long-term return, but the same was true in 2000, which is why the S&P 500 experienced negative total returns over the following decade, even by 2010 after it had rebounded nearly 80% from the 2009 lows. Compared with 2000 when we estimated negative 10-year total returns for the S&P 500 even on the most optimistic assumptions, we presently estimate S&P 500 10-year nominal total returns averaging about 1.3% annually over the coming decade. Low interest rates don’t change this expectation—they just make the outlook for a standard investment mix even more dismal and the case for alternative investments stronger than at any point since 2000. I’ll repeat that if one associates historically “normal” equity returns with Treasury bill yields of about 4%, the promise to hold short-term interest rates at zero for 3-4 years only “justifies” equity valuations 12-16% above historical norms. Again, at more than double those historical norms, current equity valuations provide no margin of safety for long-term investors. To put some full-cycle perspective around present valuations, understand that 1929 and 2000 are the only historical references to similar extremes. Moreover, aside from the 2000-2002 bear market (which ended at fairly elevated valuations but still allowed us to shift to a constructive outlook in early 2003), no bear market in history—including 2009—ended with prospective 10-year returns less than 8% (See “Ockham’s Razor and the Market Cycle” to review the arithmetic of these estimates). This was true even in historical periods when short- and long-term interest rates were similar to current levels. Currently, such an improvement in prospective equity returns would require a move to about 1,200 on the S&P 500, which we would view as a fairly pedestrian completion of the current market cycle—certainly not an outlier from the standpoint of historical experience. Major secular valuation lows like 1949, 1974, and 1982 pushed stocks to valuations consistent with prospective 10-year returns over 18% annually, and dragged the S&P 500 price/revenue ratio to about 0.40, and the ratio of market capitalization/GDP to about 0.33. At present, a secular valuation low would require “S&P 500” to be not only an index but a price target—though one that would also make a rather satisfying megaphone pattern out of the past 15 years of market action. Such an outcome only seems preposterous if one ignores the cyclicality of profit margins and assumes they have established a permanently high plateau. In any event, with the current price/revenue ratio at 1.80 and market cap/GDP at 1.33, the notion that stocks are in the early phase of a secular bull market (as some Wall Street analysts have suggested) can only reflect a complete ignorance of the historical record. The Line Between Rational Speculation and Market Collapse However—and this is really where the experience of the past few years and our research-based adaptations come into play—there are some conditions that historically appear capable of supporting what might be called “rational speculation” even in a severely overvalued market. Depending on the level of overvaluation, a safety net might be required in any event, and that would certainly be the case if those conditions were to re-emerge here. But following my 2009 insistence on stress-testing our methods against Depression-era data, and the terribly awkward transition that we experienced until we nailed down these distinctions in our present methods, the central lesson is worth repeating: Neither our stress-testing against Depression-era data, nor the adaptations we’ve made in response extreme yield-seeking speculation, do anything to diminish our conviction that historically reliable valuation measures are of immense importance to investors. Rather, the lessons to be drawn have to do with the criteria that distinguish periods where valuations have little near-term impact from periods where they suddenly matter with a vengeance. I detailed these lessons in my June 16, 2014 comment—“Formula for Market Extremes” (see the section titled Lessons from the Recent Half Cycle). That’s really the point at which we were finally able to put a box around this awkward transition and view it as fully addressed. See also “Air Pockets, Free Falls, and Crashes,” “A Most Important Distinction,” and “Hard-Won Lessons and the Bird in the Hand.” Historically, the emergence of extremely overvalued, overbought, overbullish conditions has typically been followed by an “unpleasant skew”—a succession of small but persistent marginal new highs, followed by a vertical collapse in which weeks or months of gains are wiped out in a handful of sessions. In prior market cycles, more often than not, periods of extremely overextended conditions were also already accompanied by a subtle deterioration in market internals or widening credit spreads. In recent years, the persistent yield-seeking speculation encouraged by quantitative easing has weakened the overlap between these two conditions. That is, we’ve had repeated periods of severely overvalued, overbought, overbullish conditions, but they often have not been accompanied by internal deterioration or widening credit spreads. In those periods, stocks were generally resilient to significant losses. In contrast—even since 2009—periods that have joined 1) overvalued, overbought, overbullish conditions with 2) deteriorating internals or widening credit spreads have been responsible for nearly stairstep market losses. During the tech bubble, we introduced considerations related to market internals (what I often called “trend uniformity”) as an overlay to our value-driven models. So our pre-2009 method of classifying market return/risk profiles had this distinction hard-wired into it. The ensemble methods that came out of our 2009-2010 stress-testing efforts were more effective in market cycles across history—including Depression-era data—but while they included trend-sensitive measures, they didn’t impose them as an overlay. The basic narrative of the transition from those pre-2009 methods to our present ones boils down to 1) our self-inflicted stress testing miss, and 2) the need to re-introduce those overlays (albeit in a somewhat different form) to make our methods more tolerant of speculative bubbles. We certainly learned all of this the hard way, and my hope is that others will draw some benefit from that experience. Unfortunately, my sense is that many have learned entirely the wrong lesson, and are just as vulnerable to the next crash as they were to the other two collapses in recent memory. You can see the effect of imposing those overlays in the narrowing of conditions under which we view a hard-negative outlook as appropriate. See last week’s comment, “Iceberg at the Starboard Bow,” for a chart of the cumulative performance of the S&P 500 across history in periods restricted to the conditions we presently observe. Now, if we do observe an improvement in market internals and credit spreads, it would not make valuations any less obscene, but it would significantly ease our immediate concerns about market losses. A safety net would be required in any event, but there is a range of possible outlooks between hard-negative and constructive with a safety net. I suspect that the range of variation in our investment outlook is likely to be very confusing in the coming years to those who have swallowed the hook that I’m a permabear, because our present methods would have encouraged an unhedged, leveraged investment stance through about 62% of history (including over 20% of recent cycle—though at no time in the past three years). That’s exactly what I encouraged for years following the 1990 bear market—a leveraged stance. Those who’ve followed my work over the long term should recognize that the framework I’ve presented helps to understand both my major successes and my periodic failures—exasperating during bubbles, but ultimately vindicated—through decades in the financial markets. This isn’t an accident, because it also helps to understand the bubbles and crashes of the equity market itself in market cycles across a century of history. What this framework requires, primarily, is the ability to withstand the cognitive dissonance of markets that are outrageously overvalued or undervalued, but persist until subtle deterioration or improvement in observable market internals and credit spreads indicates a shift in investor risk preferences. Again, we completed the transition from our pre-2009 method to our present method of classifying market return/risk profiles in June. The resulting adaptations are robust to market cycles across history, including the Depression, including recent bubbles and crashes, and including the current cycle. With these adaptations in place, nothing in recent years leaves us concerned that we would be unable to navigate a long continuation of the recent bull market (unlikely as we might view that outcome). We don’t need to hope for a market collapse, nor dread the possibility of a further advance. Our primary goal is simply to maintain a historically informed discipline and align our outlook consistently as market conditions change. At present, the fact that we are highly concerned about market risk is a reflection of a market environment that joins extremely overvalued, overbought, overbullish conditions with still-troubling dispersion in market internals and a widening of credit spreads. That will change. In short, our concerns about market risk remain extreme at present, and will shift considerably as the evidence changes.last_img read more

Recommended Link

first_imgRecommended Link Recommended Link Watch now Click here to for the latest update — Transfer the funds you’ve set aside for crypto to the exchange and buy bitcoin. Justin’s note: Today, we have a big-picture update on the crypto market from Casey Research’s in-house crypto specialist, Marco Wutzer. Below, Marco shows us why the blockchain and cryptos are still going to create a huge amount of wealth for smart speculators… why the next bull market will be more powerful than the last… and how you can start profiting today. By Marco Wutzer, senior analyst, Disruptive ProfitsEight seconds.That’s how long you have to grab someone’s attention before they mentally drift off to the next thing. That’s one second less than a goldfish.Thanks to constant interruptions by smartphones and multitasking, our attention spans are getting shorter all the time.This is also reflected in absurd investor behavior…Over the last five decades, the average holding period for a stock has steadily declined. It’s fallen from eight years to a mere four months since the 1960s. You can see this in the chart below:I wouldn’t be surprised if that average is even shorter in the fast-paced, 24/7 crypto market.Why am I telling you this?Put simply, if you want to be a successful crypto speculator, you need to take a long-term view. Download and install a crypto wallet. Exodus is my personal favorite. — Will Donald Trump Be Your Last President?…A major political coup is unfolding in America that will topple Donald Trump’s presidency… Only those who prepare will be able to live in peace in a new socialist America. In this video, we lay out the simple steps you can take right now to protect your assets but survive the next recession…center_img The Future Takes Time to BuildThe internet took 30 years to become mainstream. Blockchain technology is barely 10 years old and has only received serious attention for the last three years or so.Rewiring the global financial system and the larger economy takes a long time. Still, the Blockchain Ecosystem is developing fast. And it’s spreading like a virus.Eventually, it will take over all the aspects of our daily lives in which it makes sense to use a trust-minimized system.You see, nature is trending towards higher orders of complexity.In short, blockchain technology is peer-to-peer, immutable, and censorship-resistant. This enables us to build a freer, more complex society outside the limitations of nation-states.Building the future takes time. It’ll be another three to five years or so until cryptocurrencies reach mass adoption.But luckily, we don’t have to wait for this to fully play out to profit as speculators.That’s because markets move in cycles. Each cycle brings in a new wave of cryptocurrency adopters.I deal with the Blockchain Ecosystem on a daily basis. So it’s easy for me to forget that there are billions of people on this planet that have never even heard of blockchain technology.I was reminded of this recently at Doug Casey’s estancia in Uruguay. We were having dinner with a cosmopolitan, affluent Uruguayan couple.She is a lawyer and real estate broker, and he is retired with a background in many business ventures, including being a stock broker at one time.In other words, they’re wealthy, educated people who travel the world… not local, isolated farmers.When Doug asked them what they think about cryptocurrencies, it turned out they had never even heard about bitcoin.This goes to show that we still have a very long way to go. Most of the growth is still ahead of us. Transfer a small amount of bitcoin – the equivalent of a few dollars – to your crypto wallet. Open an account with an exchange where you can trade your fiat currencies to crypto. (I recommend itBit or Bitstamp to my Disruptive Profits subscribers.) Congratulations!You’re now part of the still small and exclusive club of crypto pioneers… And you’ll be ready to take advantage of the next bull market when it kicks off.To disruptive profits,Marco Wutzer Senior Analyst, Disruptive ProfitsJustin’s note: Once you’ve got some bitcoin, you can start speculating on the future of blockchain technology… the plays that will mint a new generation of millionaires.Marco is on top of all of the most exclusive developments in this space. Go here to check out how to get access to his best picks.Reader MailbagAre you buying bitcoin today? Do you think that digital currencies are a big money-making opportunity right now? Share your thoughts at feedback@caseyresearch.com.You’re Invited…To spend time with your favorite investing masterminds in southern California… the only time this year that all of Casey Research’s gurus will be together on one stage…And as a Dispatch reader, you’ve got an exclusive invitation to join us at the second annual Legacy Investment Summit on September 23-25.Join the smartest minds in finance – like the legendary Doug Casey, former hedge fund manager Teeka Tiwari, master trader Jeff Clark, and angel investor Jeff Brown – for their exclusive, in-person insights.And for a limited time, you can secure your tickets for hundreds less than everyone else will pay… Make sure you back up your recovery phrase so you can restore your wallet if something goes wrong. (Think of the recovery phrase as your password.) 5-Billion-Year-Old Bacteria Unlocks the Way to Beat Cancer at the Genetic LevelIt’s hard to fathom a bacteria from the dawn of Earth holding the key to curing cancer, but then again, it is the starting point of all known life… and these 3 companies hold all the key patents to this bacterial breakthrough. Superior Solutions, Growing AwarenessA crypto seed was planted in the Uruguayan couple’s heads that evening.They might not investigate the topic much further right away… But two more people on the planet are now aware that cryptocurrencies exist and offer superior solutions to many problems.Think about that for a moment. Variations of this conversation play out thousands of times a day across the globe.That’s why from 2015 to the end of last year, the number of people who use blockchain wallets grew over 900%.That means almost 29 million more people use blockchain wallets today than just four years ago.No matter if we are in a bull or bear market, the crypto meme is spreading and reaching more people.Even during the current bear market, more people learn about blockchain technology every day. The couple Doug and I talked to in Uruguay is a case in point.When the market eventually turns bullish again, this growing pool of new adopters will be ready to participate in the new world of the Blockchain Ecosystem for the very first time.That means that when the next bull market starts, the network effects will be even stronger than the last time.And where will new adopters go for their first dive into crypto? They’ll buy the most well-known cryptocurrency… the reserve of the crypto world – bitcoin.That’s why, whether you’re buying bitcoin for the first time or already own some, now is a great time to buy.How to Start Profiting If this is your first time buying a cryptocurrency, I recommend the following: Once you’re familiar with the process and have made sure everything works the way it should, transfer the rest of your funds to your crypto wallet.last_img read more