About the authorAnsser SadiqShare the loveHave your say Watford boss Sanchez Flores pleased with Capoue developmentby Ansser Sadiqa month agoSend to a friendShare the loveWatford boss Quique Sanchez Flores is very impressed with the way Etienne Capoue has developed.The defensive midfielder is now club captain, and Flores believes that he is one of the senior members of the dressing room that others look up to.The two have a history, with Sanchez Flores coaching Capoue the last time that he was at Watford as manager.”He’s really mature now,” said the head coach to reporters about Capoue.”Three years ago he was an amazing player, a very good player and very important for us. “Three years later, he’s the captain right now, also he’s more mature, he’s able to take and to organise some of the players – for us he’s a very important player.”
Mauro Icardi delighted with PSG Champions League winnerby Paul Vegas23 days agoSend to a friendShare the loveMauro Icardi is delighted to be off the mark for PSG.The Argentina striker hit the winner against Champions League opponents Galatasaray last night.”Sincerely, I’m very happy,” said Icardi. “Especially the match made by the team. “I am of course happy to have scored this goal that offers victory. We must continue to work for the future. “I am not yet 100%, but with a goal, the pain passes. I will try to recover and play the next match in the best possible way.”Icardi is on a straight loan at PSG from Inter Milan. About the authorPaul VegasShare the loveHave your say
Robins: Man Utd board must give Solskjaer timeby Paul Vegas13 days agoSend to a friendShare the loveFormer Manchester United FA Cup winner Mark Robins says the board must be patient with manager Ole Gunnar Solskjaer.Robins, now manager of League One outfit Coventry City, believes that Solskjaer must be given plenty of time to implement his philosophy on the playing squad.”What he’s trying to do is reinstall the values that he felt as a player and that were there under Sir Alex,” he told Sky Sports.”He needs time to do that. If you remember when Sir Alex took over, it was six years before that started to take an effect.”I don’t think you get that times these days but I think the board will be patient. As long as they can see things moving forward in the right way they will be patient.”Clearly you need to get results alongside that. Ole knows that but the noises coming out of there and what is being said, they seem happy, the players seem happy, it seems a happier camp.”Things can turn quickly but you need results to maintain it. I hope he gets that time and he gets the backing in the transfer market because it’s going to take a long time to get them back to where they were.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
oxford tweetThe No. 25 Florida Gators are back in the AP Poll and will host the No. 3 Ole Miss Rebels next weekend in an SEC showdown. In anticipation of the match-up, the Oxford Police Department trolled the Gainesville P.D. on Twitter this afternoon.Hey @GainesvillePD, welcome to the @AP Top 25. We’ll be saying bye to ya after Saturday.— Oxford Police Dept (@OxfordPolice) September 27, 2015Nothing too shocking about them doing that, but what was surprising was the type of joke that followed: one mocking former Florida head coach Urban Meyer’s decision to leave the Gators for health reasons in 2010 before resurfacing as the Ohio State head coach in 2012. The tweet has since been deleted but here is a screen-shot of it. oxford tweet Naturally, the Oxford P.D. got a ton of backlash from Ohio State fans, and quickly. We’d like to welcome the Ohio St fans to our timeline. #toosoon #WeMeanNoHarm— Oxford Police Dept (@OxfordPolice) September 27, 2015The two departments have since gone back and forth with each other and kept it good-natured, which is a good thing.
The Ministry of Labour and Social Security’s programme of assistance for persons with disabilities has been boosted by a $250 million grant from the Japan Social Intervention Fund. The provision, which is being channeled through the World Bank, is in addition to a $56 million grant, which was recently secured through the Inter-American Development Bank (IDB). Portfolio Minister, Hon. Derrick Kellier, who made the disclosure during his contribution to the 2013/14 Sectoral Debate in Parliament on Tuesday, June 4, said the funds are being used for “institutional strengthening” of agencies dealing with persons with disabilities. [RELATED: Committee to Examine Feasibility of Unemployment Insurance] Additionally, he said, the provisions will be used to develop the skills of persons with disabilities in order to enable them to secure jobs, as well as to provide grants for entrepreneurial activities. One of the areas slated to benefit significantly, Mr. Kellier informed, is the Ministry’s Early Stimulation Programme (ESP). He disclosed that the programme, which caters to approximately 1,500 children with various types of developmental disabilities, has recorded a significant increase in the number of youngsters registered, over the past five years. He pointed out that the programme has a waiting list of over 200 children. “The Ministry is aware of the importance of early detection, intervention, and stimulation of children, and moreso children with special needs. In this regard, I am pleased to announce that the grant funding, will include components for strengthening the delivery of service to young children with special needs, training of workers catering to the developmental needs of children, and providing technical assistance to the ESP,” he outlined.Mr. Kellier assured that the Ministry will continue efforts to expand the programme’s offering beyond Kingston and Portland, to other sections of the island where children with special needs have been identified.[RELATED: Consultations on National Minimum Wage]He said that the undertaking will require collaboration with other “like-minded” private and public sector entities.“We are currently in discussions with a new private sector partner that has expressed an interest in working with us in expanding the reach of the ESP. We welcome their willingness to participate in this area and hope that we will soon officially welcome them, as partners, in what should be a long and fruitful collaboration,” the Minister said.Mr. Kellier also expressed gratitude to Jamaica’s development partners, such as the IDB, World Bank, and Japan Social Intervention Fund, for the on-going support provided, which has facilitated improvements to the quality of life for persons with disabilities.“I must also…thank those long serving non-governmental organizations (NGOs) that continue to partner with us to provide services for or advocate on behalf of persons with disabilities,” he added.Contact: Douglas McIntosh
APTN National NewsThe 2013 National Aboriginal Hockey Championships kicked off Wednesday in Kahnawake, Que.Some of the best 19 and under Aboriginal hockey players from all over the country are competing for the ultimate bragging rights.APTN’s Tom Fennario has the story.
Afghan policemen stand guard at the site of a suicide bomb attack near a Shiite mosque in Kabul on 29 September, 2017. Photo: AFPSix people were killed when a suicide bomber posing as a shepherd blew himself up near a Shia mosque in Kabul on Friday, police said, as Muslims prepared to commemorate a key Islamic event.At least 20 people were wounded in the Islamic State-claimed attack, which happened in the north of the Afghan capital as worshippers were inside Hussainia mosque, one of the biggest Shia centers in the city, for Friday prayers.The bomber was grazing a herd of sheep and before reaching his target he detonated himself 140 metres from Hussainia mosque,” general Salim Almas, Kabul’s criminal investigative director, told AFP.Interior ministry spokesman Najib Danish told AFP that five civilians were killed and 20 others were wounded. Three suspects have been detained.Kabul’s Emergency hospital tweeted that it had received 33 casualties including six children.Six dead were among the casualties.A photo posted on Twitter taken at the scene of the attack shows a man lying on the ground, covered in blood. A severed leg belonging to someone else is beside him.Following the attack the Taliban were quick to distance themselves from the bombing.”Today’s Kabul attack has nothing to do with us. After a thorough investigation we found out that we had no operation in Kabul, and this attack is not linked to us,” Zabihullah Mujahid, a Taliban spokesman, told AFP.The Islamic State’s local Khorasan province affiliate later claimed responsibility for the blast in a communique, the SITE monitoring group said.In the past Taliban and Islamic State jihadists, who belong to the rival Sunni branch of Islam, have repeatedly targeted the minority Shiite community.A shopkeeper told AFP that the suicide bomber blew himself to bits after he was identified by suspicious civilian guards who had set up a checkpoint about 200 metres (yards) from the mosque.Afghanistan has trained and armed more than 400 civilians to help protect Shiite mosques during the holy month of Muharram in an unprecedented move aimed at boosting security at religious sites, underscoring the deteriorating security in the war-torn country.The attacker had apparently wanted to reach the mosque while worshippers were still inside the prayer hall.- Children wounded -Afghan security forces patrolled the dirt street where the attack happened. Nearby shops, most of which would have been closed on a Friday, were badly damaged by the blast.Salim Shaheen, who was inside the mosque at the time of the explosion, told AFP there were multiple casualties.”We were busy offering our Friday prayers when a big bang happened and we stopped prayers and rushed out,” Shaheen said.Shaheen said “several people were killed and wounded”. He and other bystanders took 15 people including six children to hospital.There had been fears insurgents would strike as Shiites prepare to commemorate Ashura, which falls this weekend and is the most important Shiite observance.It falls on the 10th day of Muharram, which is the mourning period for the seventh-century killing of Imam Hussein, the grandson of the Prophet Mohammed.The faithful gather to beat their chests and hit their backs with chains until they bleed in commemoration of Hussein’s death.But in recent years the sacred day has been marred by deadly violence.In 2011 a suicide bomber detonated his explosives in the middle of a crowd of worshippers at the main Shiite shrine in Kabul on Ashura, killing 80 people, including women and children.Afghan officials blamed the bombing — the first major sectarian attack on a key religious day in Afghanistan — on Pakistani group Lashkar-e-Jhangvi.Last October gunmen entered the Karte Sakhi shrine near Kabul University and killed 18 people gathering to mark Ashura, an attack claimed by the Islamic State.The following day at least 14 Shiites were killed in a bombing at a mosque in northern Afghanistan. A few weeks later Baqui ul Ulom mosque in Kabul was targeted when a massive suicide blast claimed by IS killed dozens of worshippers.
A total of 105 Supreme Court lawyers have been appointed as assistant attorney generals of the state as per the Law Officers Order, 1972.A press release of the law ministry confirmed the matter on Sunday.Meanwhile, 27 assistant attorney generals who were appointed on 12 June 2017 and 25 assistant attorney generals who were appointed on 19 August 2017 will remain in their posts.The remaining appointments of assistant attorney generals have been revoked.
In work that may help solar panels become a more viable source of mainstream power, a research group has created a dye-based solar cell with a high efficiency and high stability, and that lacks the volatile chemicals used in similar cells. This is a combination so far lacking in the newest solar-cell prototypes. The group, including researchers from the Changchun Institute of Applied Chemistry at the Chinese Academy of Sciences (CAS) and the Swiss Federal Institute of Technology, was studying a new type of solar cell that is being widely researched across the globe, one made of bendy, low-cost, lightweight organic materials rather than rigid, pricey, and often heavy inorganic materials. “We have uncovered new findings on old solar-cell materials and created high-performance cells,” said Peng Wang, a researcher in the Changchun Institute of Applied Chemistry and the study’s corresponding scientist, to PhysOrg.com.The type of organic solar cell Wang and his colleagues improved contains three key parts. The first two components are a semiconductor, such as silicon, and an electrolytic liquid—a conducting solution commonly formed by dissolving a salt in a solvent liquid, such as water. The semiconductor and electrolyte work in tandem to split the closely-bound electron-hole pairs produced when sunlight hits the cell, called excitons (holes are positively charged electron vacancies).The third component is the source of these photo-induced charge carriers, a photosensitive dye that gives the solar cells their name: “dye-sensitized,” with the most common dye being iodide. In addition, a nanomaterial is also often used to hold the dye molecules in place like a scaffold.The highest efficiency solar cell ever made is dye-sensitized, with an efficiency of 11 percent, meaning 11 percent of the solar energy is converted to electrical energy (compared to 8.2 percent achieved by Wang and his group). But the highest efficiency dye-sensitized cells also contain volatile solvents in their electrolytes that can permeate across plastic (i.e. organic compounds) and also present problems for sealing the cells. Cells that contain these solvents are therefore unattractive for outdoor use due to potential environmental hazards. So while they perform well, they have serious drawbacks.Researchers have developed solar cells that use solvent-free electrolytes, but the cell efficiencies are too low.The cell developed by Wang and his group avoids these issues using a “formulation” they developed. To create their electrolyte, they took three solid salts and mixed them to form a “fascinating” liquid, says Wang. The resulting electrolyte has an impressive conductivity as well as the favorable stability properties of all three salts.”The performance of our solar cell now matches that of cells that use volatile solvents,” said Wang. “This is an important step toward the production of large-scale outdoor dye-sensitized solar cells.”Citation: Yu Bai, Yiming Cao, Jing Zhang, Mingkui Wang, Renzhi Li, Peng Wang, Shaik M. Zakeeruddin and Michael Grätzel 29 June 2008 Nature advance online publication, DOI:10.1038/nmat2224Copyright 2008 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. 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. Explore further Citation: Researchers Produce Best-Yet Dye-Based Solar Cells (2008, July 31) retrieved 18 August 2019 from https://phys.org/news/2008-07-best-yet-dye-based-solar-cells.html 2-D perovskite materials found to have unique, conductive edge states
A business’ website should have a clear message and should be easy for visitors to navigate.For Eyal Choen’s mother, figuring out how to use her bank’s website was anything but simple, and that’s what lead Choen, along with Rafi Sweary, to launch WalkMe — a Tel Aviv-based startup that developed a tool that website owners can use to create interactive on-screen guides that help site visitors quickly and easily complete basic or advanced tasks.Related: How to Create Great Content for Your WebsiteWith WalkMe’s onscreen ‘Walk-Thrus,’ you’re able to offer step-by-step instructions to your visitors as they navigate your website. Unlike traditional tutorials that require site visitors to watch a video on one page and then bounce back to the interface to perform the action, WalkMe’s interactive balloon tips appear directly within web pages and are triggered by user activity. Once a step is completed, the next balloon automatically moves your visitor to the next step. If the user makes a mistake, tips help them correct it before moving on. Opinions expressed by Entrepreneur contributors are their own. Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. min read September 4, 2012 Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals And since a Walk-Thru must be initiated by website visitors themselves, they will view them as a welcome and helpful addition, rather than an annoying pop-up. Here’s how to create a WalkMe Walk-Thru for your website.Related: 10 Must-Know Tech Terms, TranslatedFor startup customers, WalkMe offers a free plan that enables small businesses to create up to three Walk-Thru’s that can be accessed 300 times per month. WalkMe’s three paid plans, which range from $97 to $975 a month, include access to analytics that allow you to track, observe and evaluate the impact of your Walk-Thru’s are meeting expectations.After signing up for one of the plans, you download the WalkMe Editor, a browser-based tool for creating, editing and managing your website Walk-Thru’s. To create your Walk -Thru, type the text that you want to show within its associated balloon hint, define where you want the balloon to be positioned and when you want it to appear. Related: How to Make Your Website Hacker-ProofWhatever your purpose is in building and maintaining your website, what WalkMe offers is a cost-effective way to create opt-in on-screen guidance that can only help you achieve your website-related goals. Register Now »
A stray, four-doored rider caused huge problems on the opening day of the annual Tour of Costa Rica cycling race Monday. On the route’s first leg in Alajeula a wayward taxi driver ended up in the middle of the street, causing at least three cyclists to crash into his car.In the video, the taxi driver accelerates out of his parking space just as the first wave of cyclists comes down the street. A woman offscreen can be heard saying, “That is the dumbest taxi driver.”When he tries to turn left off the street, riders crash into the side of his car, including one who flips over the taxi. The fallen rider then begins screaming, “Oh God,” and looks to be in obvious pain as the rest of the cyclists pause to check on him and the taxi. Related posts:Costa Rican cyclist Andrey Amador moves into third place in the Giro d’Italia Andrey Amador grabs hold of first place in Giro d’Italia Costa Rica’s Román Urbina inducted into Mountain Bike Hall of Fame VIDEO: Traffic cop stops Costa Rican bicyclist Andrey Amador in bizarre highway altercation Facebook Comments Momento en que taxista embiste ciclistas de la #VueltaCR ¡Imprudentes así deberían salir de las calles! ¡Opine Ud.! pic.twitter.com/06yHDPjJ1h— Traffic506 (@Traffic506) December 14, 2015 In another video taken from the event, cyclists are shown going up to the side door of the taxi to confront the driver who is stuck in the middle of an Alajuela street while racing cyclists zoom past. The taxi driver, who was identified as Wilberth Arce, told local news outlets that the accident wasn’t his fault, and that the cyclists kicked his car.“I’m out here trying to make an honorable salary and the cyclists are the ones who acted out with vandalism when they began to kick my car,” Arce told daily La Nación. He told the local radio station 91.5 FM that he was crossing the street when he heard sirens and tried to turn off the street. But just then, he said, officials told him to turn left, and that’s when he believes the accident happened.Costa Rican cyclist Nieves Carrasco won the first stage of the Tour of Costa Rica, which kicked off Monday just before 9 a.m. in Alajuela. The 11-stage event that traverses the country ends on Christmas Day in Heredia. Foto del taxi que irrespetó el cierre y atropelló 3 ciclistas en la #VueltaCR @Marlenetica @elchamuko @UnidadGps pic.twitter.com/mQJeiTBSDV— Traffic506 (@Traffic506) December 14, 2015
February 20, 1997Furring the ceiling in East Crescent Unit 4.
German cable operator Kabel Deutschland (KDG) has launched a remote recording service, enabling subscribers to schedule DVR recordings via the internet.The service currently enables PC users to schedule recordings remotely. KDG plans to launch a version for iOS and Android mobile devices towards the end of May.
HBO’s Game of ThronesTelia has become the first platform operator in the Nordic region to offer HBO, making the premium content provider’s shows available to its 500,000 TV customers one day after their original broadcast.HBO will be available via Telia’s network for SEK79 (€9.15) a month, bringing shows including Game of Thrones to Swedish viewers. The service will be available on TV, PCs, phones and tablets. The TV version will be available in HD quality.As a promotional offer, Telia is offering HBO to all existing and new customers for six months.Telia’s HBO offering will also include past seasons of shows including The Sopranos and True Blood.TeliaSonera-owned Telia’s launch in Sweden will be followed by a launch in Finland later this year. HBO also plans to launch in Norway and Denmark.“We want to work with the most successful and leading companies. TeliaSonera’s position and its innovative approach in the Nordic market made them an obvious choice for us,” said Hervé Payan, CEO of HBO Nordic.Telia’s launch comes after HBO announced a delay in the launch of its service in Scandinavia at the end of October.The region has recently seen the launch of a number of OTT services, including, most recently, Netflix. Other services available in the region include C-More’s Filmnet, Voddler and Modern Times Group’s Viaplay.
A growing number of consumers are getting on-demand content from third-party OTT services instead of their pay-TV provider, according to new research. The Q2 Video Discovery Trends Report, by video search, recommendations and discovery firm Digitalsmiths, claims there is an “emerging problem” of ‘cord-cheating’ as viewers turn to services like Netflix, Redbox Kiosk and Hulu.“Despite the investments in on-demand infrastructure, pay-TV providers are being cheated out of additional revenue possibly due to the quality of the user experience provided by these third-party services,” said Digitalsmiths.The report found that 35% of respondents had a subscription to an OTT service, with 22.1% regularly using a third-party pay-per-rental serviceHowever, 73.8% said they never purchase from their pay-TV provider’s VOD catalogue, while 68% of smartphone and tablet owners had not downloaded their pay-TV provider’s app.Of potential future cord-cutters, 41.8% said they would consider keeping their existing service if their provider released new functionality making it easier to find something to watch.“Similar to recent industry reports regarding the top pay-TV providers, 4.3% of survey respondents plan to ‘cut’ their cable/satellite service in the next six months. Even worse, there are 27.5% who are on the fence, answering “maybe” to cutting their cable/satellite service in the next six months. Of the survey respondents who are unsatisfied with their service, the top reasons span from increasing fees to poor cable/satellite services and poor channel selection,” said Digitalsmiths.
The TerrorBT is giving the public a chance to watch the first episode of AMC’s thriller The Terror for free, live on YouTube next week.The first episode of BT TV’s The Terror will be available for 24 hours from 00.01am on April 24, for anyone in the UK, with a double episode also available for free on the AMC channel.This is the first time a pay-TV show has launched in the UK on YouTube before it was broadcast on television, according to the company.To create anticipation ahead of the show’s launch, fans have already been “recruited” as crewmates via a Facebook Chatbot with Captain Sir John Franklin, with the reward of gaining early access to episode one on YouTube.All ten episodes will be exclusively available on AMC for BT’s customers.Tony Singh, content director at BT TV, said: “We’re hugely excited about The Terror, with a stellar British cast and absolutely thrilling production that will have you hopping from the edge of your seat to behind your sofa.“Just like Sir John Franklin, BT likes to break new ground and we are delighted to partner with our friends at YouTube to take the first episode of The Terror to everyone in the UK.”Inspired by a true story, The Terror centres on the Royal Navy’s perilous voyage into uncharted territory as the crew attempts to discover the Northwest Passage.The series is produced by Scott Free, Emjag Productions and Entertainment 360 in association with AMC Studios.It is executive produced by Ridley Scott, showrunners David Kajganich and Soo Hugh, David W. Zucker, Alexandra Milchan, Scott Lambert and Guymon Casady.Stars include Jared Harris (The Crown, Mad Men) as Captain Francis Crozier, Tobias Menzies (Outlander) as Captain James Fitzjames and Ciarán Hinds (Game of Thrones) as Sir John Franklin.
That’s it for today. David should be back next Friday. Thank you for reading and subscribing to the Casey Daily Dispatch.Vedran VukCasey Senior Analyst Dear Reader,Vedran Vuk here, filling in for David Galland. In today’s issue, I’ll closely analyze the recent FOMC minutes, which were partially responsible for gold’s performance on Wednesday. Unlike many Fed minutes, this one was full of interesting comments. However, I don’t agree that the minutes spell doom for gold, as some people think.We’ll get to that in a second, but first I wanted to mention that we just released what I consider to be the best issue of Miller’s Money Forever so far. The reason for my enthusiasm is that this issue virtually pays for itself – and I’m not just talking about the stock recommendations. The main topic this month is how to find a financial advisor who has your best interests at heart… which, in my book, is just about the most valuable information you can get.Case in point: Right before we went to press, a reader sent us an email asking our opinion of a mutual fund that his advisor had persuaded him to invest in. The investment was exactly what we warn about. The fund has a sales load of 4.5% – that’s almost at the legal limit of 5.4%. On top of that, the annual expense ratio is 1.5%; that’s 0.55% more than the average fund of its type. By buying into this money pit, the reader was essentially down 5% for the year. Think about that: his advisor – the expert he trusted with his money – put him in the hole 5% from the very beginning with this mutual fund.A $10,000 purchase in this mutual fund would mean $505 in avoidable fees. I wish our issue had come out earlier; maybe then our reader wouldn’t have paid in fees what is essentially the equivalent of a five-year subscription to Money Forever. If you can avoid similar mistakes over numerous transactions per year over your lifetime, the total savings become enormous.Even though Miller’s Money Forever focuses on retirement planning, I think everyone should read this issue. You can just sign up for a three-month trial today, read our in-depth analysis on financial advisors (and much more), and if you don’t feel Money Forever is right for you, cancel for a full refund within the next 90 days. You can sign up by clicking here for instant access to the new issue, or click here to find out more about Dennis and Money Forever.Dennis and I would love to have you as a subscriber, but what we love even more is foiling financial advisors who rip off clients with high fees. The more people read this issue, the better – so I encourage you to give it a try.With that, here’s what you’ll find in the Dispatch today: After discussing the Fed minutes, we’ll have a link to an interview with H.L. Mencken, a great writer many of our readers adore. Though many have read Mencken’s work, I doubt most have ever heard him speak. Since he was a writer in the first half of the 20th century, his voice recordings were few and far between, and often not saved for posterity. Thanks to David Galland’s neighbor in Argentina for sending along the links.Deciphering the Fed: The Confusion, the Mystery, and the AngerBy Vedran Vuk, Senior Research AnalystWith gold dropping nearly 3% on Wednesday, we had to look closely at the FOMC minutes, which were partially responsible for that movement. Since there are quite a few highlights, I have split this analysis into three sections: the confusion over the minutes in the market; the ambiguous language hinting at deep problems; and a few quotes to make your blood boil.The ConfusionA Bloomberg headline from Wednesday reads Fed Signals Possible Slowing of QE Amid Debate over Risks. This headline is characteristic of most of the reporting on the FOMC minutes. Supposedly the Fed signaled a desire to end the quantitative easing earlier. There was actually no such signal.The committee did, however, discuss possible reasons why they might want to end QE4 earlier. Here are some excerpts from the meeting:“However, a few participants expressed concerns that the current highly accommodative stance of monetary policy posed upside risks to inflation in the medium or longer term.”“In this regard, several participants stressed the economic and social costs of high unemployment, as well as the potential for negative effects on the economy’s longer-term path of a prolonged period of underutilization of resources. However, many participants also expressed some concerns about potential costs and risks arising from further asset purchases. Several participants discussed the possible complications that additional purchases could cause for the eventual withdrawal of policy accommodation, a few mentioned the prospect of inflationary risks, and some noted that further asset purchases could foster market behavior that could undermine financial stability.”Wow, that sounds pretty serious. It’s like the Fed has turned a new leaf. Isn’t this a clear signal to the market that the easing will end earlier? In a word, no. Here’s the most important excerpt, which came toward the end and which many people may have breezed over or missed:“One member dissented from the Committee’s policy decision, expressing concern that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.”This quote puts the rest of the comments into perspective. There was a discussion of possible risks, but at the end of day, that’s all it was, a simple discussion. Although several members expressed concerns in the discussion, when it came down to voting on the actual policy, only a single member dissented.This reminds me of our internal meetings at Casey Research. Every two weeks, the whole team – including some guest participants – gets on a conference call to discuss the economy and especially gold prices. During the meeting, some participants will voice concerns about the possibility of weaker gold prices. However, at the end of the meeting, all of us are still long gold. A discussion about a change of direction is not the same thing as an actual planned change of direction. It’s healthy to have a devil’s advocate in any discussion, regardless of the final decision.Now, the fact that the Fed is discussing these problems is certainly significant; after all, they could just ignore the issues. The sheer fact that there was a discussion means there’s a possibility that at some point the concerns could become more serious and then turn into action. But that action hasn’t taken place yet, nor is the FOMC planning it. So while what happened in the meeting may warrant a temporary weakening in gold prices, it certainly shouldn’t have resulted in Wednesday’s major drop.The MysteryA few parts of the meeting were quite intriguing, but the purposely murky wording makes it difficult to completely nail down their meaning. It seems that the FOMC has deeper concerns than those discussed above. Here’s the first of these mysterious paragraphs from the minutes:“In general, after having been depressed for some time, investor appetite for risk had increased. A few participants commented that the Committee’s accommodative policies were intended in part to promote a more balanced approach to risk-taking, but several others expressed concern about the potential for excessive risk-taking and adverse consequences for financial stability. Some participants mentioned the potential for a sharp increase in longer-term interest rates to adversely affect financial stability and indicated their interest in further work on this topic.”So what does “excessive risk-taking and adverse consequences for financial stability” mean? The next sentence on long-term interest rates offers a clue. Participants warn of a “potential for a sharp increase in longer-term rates.” Sure, a sharp upward turn in rates would hurt just about everything, including the stock market, but the sectors that will get hurt the most are real estate and bonds.Let’s see if we can find out which one they’re talking about. I wouldn’t exactly describe the current real estate market as an area of excessive risk-taking. Most people still won’t touch real estate with a ten-foot pole, and though real estate has heated up a bit, I wouldn’t call the recent moves in the market excessive. Bonds, however, are in a bubble – and the yields of risky junk bonds have been pushed down a great deal by investors piling into them in search for higher yield, regardless of the underlying risk. Now this is just my interpretation, but it seems to me the Fed is saying that the bond bubble is a serious problem.Here’s our next mystery paragraph:“A few also raised concerns about the potential effects of further asset purchases on the functioning of particular financial markets, although a couple of other participants noted that there had been little evidence to date of such effects. In light of this discussion, the staff was asked for additional analysis ahead of future meetings to support the Committee’s ongoing assessment of the asset purchase program.”You see what I mean by murky wording. “Particular financial markets” and “little evidence to date of such effects” don’t say much. What evidence and what effects, and in which financial market? Apparently, the Fed members find this issue worrisome enough to warrant further analysis; unfortunately, they’re not being very forthcoming about it. What it does show, though, is that there are two conversations taking place about risk: one for the public and another one behind closed doors.The AngerAs promised, here are a few quotes that might make your blood boil. If you read through the minutes quickly, they seem benign, but if you stop to think about them, they’re infuriating. Here’s the first:“In 2014 and 2015, real GDP was projected to accelerate gradually, supported by an eventual lessening of fiscal policy restraint, increases in consumer and business sentiment, further improvements in credit availability and financial conditions, and accommodative monetary policy.”Umm… wait; what “eventual lessening of fiscal policy restraint”? Essentially, the Fed is saying that as economic conditions improve, the American voter will stop complaining, and the government can finally get back to spending wheelbarrows of money. It’s scary to think that these additional government spending plans are already reflected in the Fed’s GDP projections, but apparently this isn’t the only forward-looking policy prediction from the Fed:“For example, a couple of participants noted evidence suggesting that a shift in the relationship between the unemployment rate and the level of job vacancies in recent years was unlikely to persist as the economy recovered and unemployment benefits returned to customary levels.”It seems that the Democrats have been very touchy about reducing those unemployment benefits, and the Fed seems to have a lot of faith in the government doing the right thing. But it’s going to be tough for any party to curb those benefits when unemployment rates are even as low as 6%. Let’s see what else the Fed’s crystal ball forecasts for us:“The staff continued to project that inflation would be subdued through 2015. That forecast is based on the expectation that crude oil prices will trend down slowly from their current levels, the boost to retail food prices from last summer’s drought will be temporary and relatively small, longer-run inflation expectations will remain stable, and significant resource slack will persist over the forecast period.”OK, I buy the argument about the temporary effect from the summer drought, but the assumption of downward-trending oil prices seems a bit unrealistic. And if we’re seeing growth in the economy as the Fed expects, then shouldn’t the Fed forecast rising oil prices to match growing demand? Why even tinker with the numbers in this way? The Federal Reserve doesn’t have a comparative advantage at projecting oil prices.Here’s the last bit worth noting:“In addition, the Committee’s highly accommodative policy was seen as helping keep inflation over the medium term closer to its longer-run goal of 2 percent than would otherwise have been the case.”If you read that quickly, you might think to yourself, “Well, that sounds good. I guess they managed to keep inflation closer to the 2% target.” But think about what they’re actually saying. Their accommodative policy is also known as “printing money.” That’s a process of pushing inflation up, not down. So, what they’re saying is, “Man, we did a good job of pushing inflation up to 2%! Otherwise, it would have been lower.” Ain’t that just great?Friday FunniesHere’s a German video of the greatest iPad salesman ever. You don’t have to understand German at all to get a kick out of this, as he combines magic tricks and sleight of hand with an iPad for some amazing results.And now for some funny pictures of labeling gone wrong, among other goofs:
– 5 Worrisome Signs the Next Crisis Will Be Worse than 2008 Global economist and New York Times best-selling author reveals five troubling signs that not only is America headed for another major financial crisis, but it will be much, much worse than anything we saw in 2008. Click here to see what they are. • HSBC expects buyers in the developing world to support gold prices… Gold is one of the best ways for people in the developing world to preserve their wealth. HSBC explains why: In important gold-consuming nations such as China, India, Indonesia, and Vietnam, as well as other EMs, consumers may have fewer tools at their disposal with which to protect savings and household wealth against rising prices or low or negative real interest rates. It’s a good point. Emerging countries typically have shaky currencies and volatile stock markets. So people in these countries who want a stable store of wealth turn to gold. Right now, emerging-market stocks as a group are at their lowest level since October 2011. And emerging market currencies are having their “longest stretch of weekly declines since 2000,” Bloomberg reports. Louis James, editor of International Speculator, recently noted that gold is reacting to emerging market turmoil like a safe-haven asset should. …China devalued the yuan, and gold jumped like it had been stung by a bee. More importantly, it reacted like a financial asset. Even more importantly, it reacted like a safe-haven asset should. And that’s good news for gold investors. It means the laws of economics have not suddenly changed with the new millennium. It means our fundamental investment premises remain sound: gold is money, it’s on sale but that won’t last, and the leverage our gold stocks give us to the next big move should reward us very, very well. Louis specializes in finding the best mining stocks with the highest upside. He’ll share his favorite moneymaking ideas with readers at the upcoming Casey Research summit in Tucson, Arizona on October 16-18. Louis will share the stage with a long list of impressive speakers, including James Altucher, Marc Faber, and of course, Doug Casey. We hope to see you in Tucson. If you sign up today, you can still get “early-bird” discount pricing. But you should act now…this steep discount expires soon. Click here to learn more about the Summit. Chart of the Day The S&P 500 has gained 2.1% in 2015…thanks to five huge stocks. We explained earlier that the strong performance of Apple (AAPL), Facebook (FB), Google (GOOG), Amazon (AMZN), and Netflix (NFLX) is holding up the S&P 500. Today’s chart compares the performance of “The Big Five” to the rest of the S&P 500. As you can see, if you stripped out gains from “The Big Five,” the S&P 500 would be close to flat this year. Regards, Justin Spittler Delray Beach, Florida August 18, 2015 We want to hear from you. If you have a question or comment, please send it to email@example.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. — Until Thursday: Claim a Bonus Year of the $4,000 Retirement Trader It has a 99% success rate on each series of closed positions and shows you how to collect $1,000s a month, without buying any stocks up front. It has been rated A+ for 5 straight years. But this offer expires Thursday, August 20. Click here to learn more. US stocks are still in a bull market…but you might not know it by looking at your brokerage account. Large parts of the stock market are down significantly since June. Last Friday, Bloomberg reported that “roughly half the biggest stocks are mired in corrections, down 10 percent or more from their one-year high.” Yet the bull market is still holding up. The S&P 500 is now up 210% from its 2009 low, and is up 2.1% this year. This might sound impossible. How can the stock market be up when so many stocks are down? Because a few very large companies are propping up the market, as Bloomberg explains: At the moment, five mega-cap stocks, Apple Inc., Amazon.com Inc., Facebook Inc., Google Inc. and Netflix Inc., are holding up the market, with combined gains in 2015 that actually exceed the entire S&P 500. When most people talk about “the stock market,” they mean the S&P 500 index. This index holds 500 of the largest US stocks. The S&P is “market cap weighted.” That means the largest companies account for a big portion of the index. A huge company like Apple makes up more of the S&P 500 index than the bottom 100 companies combined. It’s how a few big companies like Apple and Google can have such a large impact on the “stock market” as a whole. A bull market is generally “healthier” when a lot of stocks are rising. When only a few big stocks are rising, like today, it suggests the market is fragile. Think of it this way: a building is sturdier when a lot of pillars are holding it up. When only a few pillars hold a building up, removing one could make the building fall. To us, this is another sign that we’re in the later stages of this bull market. Stocks have been in a bull market for 78 months…far longer than the 50-month average for bull markets since World War II. Stocks have also risen 71% more during this bull market than they have during the average bull market since WWII. This doesn’t mean stocks are going to crash tomorrow. You don’t need to sell all your stocks and hoard cash. But you should use extra caution right now. We recommend using stop losses on your stocks. A stop loss is a predetermined price at which you’ll sell a stock. Using stop-losses allows you to participate in the gains if the bull market continues. But if the stock market takes a big dive, you’ll be out of your stocks before there’s much damage. • One sector is really hurting… Selling picks and shovels to the oil industry is a tough business right now. Yesterday, the list of stocks hitting new 52-week lows was full of companies in the “oil service” sector. This is the group of businesses that sell drilling services, oil pumps, drilling rigs, and transportation services to the oil industry. We say this is a “picks and shovels” business. Right now, business is terrible. Oil is down 60% from its 2014 high. Just this month, it hit its lowest point since 2009. This price collapse has forced exploration and production outfits to slash their budgets. It’s a lot less attractive to drill for oil when it’s $45 per barrel instead of $95. These spending cuts are crushing oil service revenues. Schlumberger Ltd.(SLB), Halliburton Co.(HAL), and Baker Hughes (BHI) are the three largest US oil services companies by revenue.… Last quarter, Schlumberger’s revenues fell by 25%…Halliburton’s second-quarter sales declined 26%…and Baker Hughes’ revenues shrunk by 33%. Each company’s stock price is hurting as a result. Baker Hughes’ stock price is down 18% over the last year. Schlumberger and Halliburton’s share prices have fallen 24% and 40%, respectively. Smaller oil service companies are doing even worse. The “new lows” list is full of small oil service companies like Exterran Holdings Inc.(EXH), Helix Energy Solutions Group (HLX), Basic Energy Services Inc.(BAS), C&J Energy Services Ltd. (CJES), and Unit Corporation (UNT). These stocks have lost 70% over the past year, on average. Like the industry it serves, the oil services business tends to go through huge booms and busts. Get into the booms early and avoid the busts, and you can make great money in oil services. It could take months or years before the next boom occurs, but it’s a good idea to put them on your watch list right now. • England’s biggest bank sees gold rebounding… HSBC Holdings (HSBC), the fourth-largest bank in the world, says the price of gold could rise 10% before the year is over. It expects gold to close the year around $1,225/oz. Gold is down 6% so far in 2015. HSBC thinks higher interest rates will be a tailwind for gold. Many investors think the Federal Reserve will raise rates later this year for the first time since 2006. HSBC’s claim is somewhat surprising, because conventional wisdom says rising rates are bad for gold. Gold doesn’t generate income. So when interest rates rise, people prefer to own bonds and dividend-paying stocks instead. At least that’s how the thinking goes. But, as we recently explained, HSBC examined the data and found the opposite to be true. The price of gold actually increased the last four times the Fed raised rates. Recommended Links
— — Justin’s note: Bitcoin is stuck in a rut.Over the last three months, it’s gone absolutely nowhere. Because of this, a lot of speculators are wondering if the next big move in cryptos will be an explosive rally, or a sharp sell-off.To help answer this question, I recently got Marco Wutzer on the phone. Marco is the earliest pioneer of cryptocurrencies I know. He’s been involved with digital currencies since the late 1990s—long before bitcoin was created.And that’s why Doug Casey handpicked him to head up Disruptive Profits, our new advisory dedicated to explosive projects in the blockchain space.In today’s interview, Marco tells us where he thinks the crypto market is headed next… and the best way to profit when cryptos finally break out of their rout.Justin: Marco, you’re obviously bullish on the long-term prospects of cryptocurrencies. But can you speak to the current environment a bit?The market—bitcoin especially—has been trading rangebound for months. What’s going on?Marco: Right. The overall crypto market is still very correlated to the price of bitcoin. So, most coins rise when bitcoin rises, then fall when bitcoin falls.This is important because a massive triangle pattern is forming in bitcoin right now. This means we’re getting lower highs and higher lows.You can see what I mean below.Notice that we’re very close to the end of the triangle. We’re also very close to breaking through the 200-day moving average. This is considered a key indicator for the overall long-term trend. When the price crosses the 200-day moving average, it is a strong sign for another bull market.So, bitcoin is like a loaded coil. And I imagine that we’re going to see a big move happen relatively soon. I’d say within the next month, or maybe even in a week or two. Click here to learn how you can be at the forefront Recommended Link Secret Leaked from America’s #1 BankThis leaked report details the benefits of a NEW investment. Compared to your bank account they are cheaper, faster, more secure… And many can pay out some of the highest passive income rates in world history. Some of the best are 223X better than the average national bank CD rate. And a small investment alone could have turned into $44,470 Justin: So… will bitcoin break out to the upside or to the downside?Marco: I’ve seen just recently, in the last three or four days, that some of the high-quality altcoins—some of the other projects that are not bitcoin—have significantly moved off their lows and have found a more significant bottom. That’s a bullish sign. Disruptive Profits subscribers that invested in “The New Ethereum” are already up over 50% in less than two weeks.I also think that we’ve had enough time in the last nine months or so to work out this excess from last year’s bubble. So, I think the next breakout will be to the upside again. Then we’re in the next bull market.Justin: Got it. So how long do you think it could take the crypto market to reach new highs? In other words, when could the market surpass its previous peak valuation of around $830 billion? And what gets us there?Marco: I think we’re going to see a new all-time high sometime next year. People are always looking for a narrative, or a reason for why the market will go up or down. But the answer in the end is very simple.The market will move higher when there are more buyers than sellers. When the opposite happens, the market goes down.Right now, we’ve come down so much that there are more marginal buyers than marginal sellers. The people that got in over their head at the top, they most likely have already sold, pretty much all of them.Meanwhile, the blockchain ecosystem has been moving forward full steam ahead over the last nine months. It continues to develop all the tools, services, and projects. The entire blockchain ecosystem is much better than it was nine months ago. A lot more projects have a lot more functionality.Justin: How important is institutional investor interest at this point? Do major institutions need to step in as buyers? And how much of the market’s strength hinges on a bitcoin ETF getting approved?Marco: There’s been work on the ETFs for institutional capital to get into the market. The Winklevoss twins just got insurance coverage on their crypto exchange.A lot of people focus on these ETFs. But I don’t personally look at this at all because the blockchain ecosystem must stand on its own feet.In the end, something like that is just a bridge from the old financial system to get into the blockchain ecosystem. And this new ecosystem itself is what counts, not what a legacy financial institution or a financial system is doing. Recommended Link This New Discovery Will Destroy the Pharmaceutical IndustryNew medical discovery the FDA recently approved could destroy the pharmaceutical industry as doctors use it to smash the barriers set up by big pharma. Of course, the blockchain ecosystem is still very small in terms of overall market cap. So, a bitcoin ETF can become a big catalyst because it gets big money flowing into the asset class. At the same time, there are many new exchanges under development in many different areas in the world. For example, Binance is building a fiat-to-crypto exchange in Kenya.It’s really a global thing. There are so many exchanges now and so many new companies and offerings that enable retail investors to more easily exchange their fiat currencies for cryptos. That can also start as a trickle and become a huge stream and kickoff the next bull run.But what counts in the end, for me, is the blockchain ecosystem itself—that it develops and that the different pieces integrate with each other more. And that it provides more value that, in the end, will lead to serious user adoption.Justin: What do you think the next bull market in cryptos will look like? The last one was almost entirely driven by retail investors. It sent good coins skyrocketing, but we also saw explosive rallies in obvious scam coins.Do you think that the next crypto market will be the same in this regard? Are you expecting the same thing to happen during the next crypto bull market? Marco: A rising tide lifts all boats. But you always have to focus on quality projects. Then, it’s not just the bull market alone that will do something for you.This puts you in a better long-term position. And that’s what really counts. That’s how you can get truly wealthy in cryptos.So, the key is to find projects that will see real world adoption. And that all boils down to the usability of the service that it provides. Does it actually provide something valuable? Then you need to get people to use it.These are two things that matter in the long term.Justin: Great stuff. Thanks, Marco.Marco: You’re welcome.Justin’s note: In his Disruptive Profits newsletter, Marco uncovers the most promising blockchain projects in the space today… many with the potential to become 300-baggers. I highly recommend this letter for anyone looking to take advantage of the rise in blockchain technology.You can access all of his actionable recommendations with a subscription today. Learn more here.Reader MailbagToday, a reader weighs in on our recent oil update…Hi, Justin—I enjoyed your letter on world oil and future pricing. Nobody (except maybe the Chinese) looks at the long term anymore. Trump’s sanctions on Iranian oil just keeps their resources in the ground while the world runs out of its reserves. When Russian, Saudi Arabian, and US production tapers off, the only nation capable of multimillion-barrel oil production may be Iran… who will then be in position to do a little sanctioning of its own. Prices may go a LOT higher than $100. —WilliamAnd as always, if you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…Next week, Doug Casey will be presenting at a two-day investment conference in Bermuda. But you don’t have to hop on a plane to hear him speak. See how you can watch a livestream of Doug, as well as your favorite Casey Research editors, right here.
NATHAN Brown saluted Saints great first half display after they beat Hull KR 46-10 at Langtree Park.His side scored six first half tries to kill off the Robins’ hopes of a second win in a row in St Helens.“I thought the first half was really pleasing,” he said. “We came here expecting a tough game after the games we’d had with Hull KR but we did really well.“James Roby was great and you can’t put a price on a hooker like that. It is a crucial spot in the team. We started well and our right edge did well. The guys have played with Robes for a long time and work off him. It was his second game back and he could have stayed on until the end.“We are confident heading into next week. We have played some good sides in the last few weeks and had some good results. We can take that into the game next week and we know we can do well.“The players want to do well. They have been in a number of big games over the years and we want to do well to give ourselves a shot at Old Trafford.”Adam Swift scored a hat-trick in the match to take his tally to 13 in 10 games.“He is playing well,” Nathan added. “In fact, both wings are firing well. Frannis Meli is going well at centre, as is Jordan Turner, and they are linking up with Robes too.“It helps that they have pace and there is a lot of speed in that back line. I was also pleased that Jordan Turner was great with the boot tonight.”Ticket details for our match at Leeds next Friday are here.