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first_imgzoomImage Courtesy: Contopia, Shipping Container Utopia by Loginno The winner of the Contopia Factor competition, led by Israeli shipping IoT startup Loginno, will be unveiled on June 4, 2019, during Nor-Shipping, one of the biggest events in the shipping industry taking place in Oslo, Norway.The selected company will have its entire shipping container fleet converted to smart containers, becoming the world’s first fully digital shipping company.Quite a few applicants have entered the six-month competition already, according to Loginno co-founder Amit Aflalo, who expects a fair sized two-digit number of them by end of February.“So far, applicants hail mostly from Europe and the Americas, with a surprisingly low participation rate by Asian companies. We estimate the continental ratio will stay the same and even increase, as European Nor-Shipping steps in,” he added.Related: Welcome to Container UtopiaLoginno will also lead a “Blue Economy” panel discussion at the event, on how IoT is changing the shipping industry for the better, with a focus on its global Contopia (Container Utopia) plan.Small to mid-sized shipping companies that wish to participate in compeition must do so before the end of February 2019, after which a shortlist of applicants will be selected, before the winner is chosen.Eligible companies interested in applying can do so here.last_img read more

first_imgzoomImage Courtesy: Pixabay (Pixabay License) The shipping industry could see more slow steaming and transhipment being triggered as part of the IMO 2020 sulphur rule, according to shipping consultancy Drewry.“Shippers rightfully want more transparency regarding how the new fuel surcharge mechanisms will work, but they should be mindful of the potential risks to future service options, competition and rates if they don’t concede anything to carriers.”2020 is going to be a pivotal year for the carrier industry. Failure to recover more of the fuel cost from customers than in the past, estimated to be around 50%, could be ruinous for some lines, many of which are still operating with highly distressed balance sheets, Drewry explained.The consultancy added that there is a general acceptance among shippers that they will have to pay more towards the fuel cost burden, although there are still a number of sticking points regarding the mechanics of how it should be done.On the other side, carriers will argue that a short-term win for shippers could quickly turn into a loss. It is something that shippers might want to consider during negotiations as any cost saving today might raise the likelihood of another carrier bankruptcy, causing unwanted chaos in the supply chain.“The reality is that carriers’ fuel costs will start to differ to a considerable degree as the new fuels are pumped into their ships; the variance to be largely driven by the type of fuel used.”Depending on their success in raising the fuel recovery rate, carriers will inevitably seek to mitigate the anticipated higher operating expenses. One potential side-effect from the new regulations could be greater slow-steaming and use of transhipment.The logic being that as ships sailing speed is reduced and round voyages are extended carriers will drop ports from rotations to ensure that transit times to key points remain competitive, according to Drewry. Fewer direct port calls will induce greater need for transhipment and feeder operations.“The upside from this shift towards more transhipment from a ports and terminals perspective is that this will inflate the global port throughput sum as four container movements at the quayside will be required instead of two as with direct port-to-port calls.”last_img read more

first_imgIn January the Mega Lottery Draw winners were announced, and the big prize was the 50/50 worth $25,860.  The winner was Mary Hopkins.  In the main Mega Lottery draw, first prize was $20,000 and that went to Doug Wilson.  Second prize of $10,000 was awarded to Bill Loewen.  Third prize was $5,000 and that went to Dan Bell. FORT ST. JOHN, B.C. – The Fort St. John Rotary Club handed out cheques totalling over $175,000 on Thursday to groups in Northeast B.C.Proceeds from the regular Mega Lottery draw was $149,843, and another $24,209 came from the 50/50 draw.  The money will support the following groups:The Abbeyfield Houses of Fort St. JohnTaylor Minor Hockey AssociationPeace Passage Skating ClubEnergetic Edge Cheer AssociationStage North Theatre SocietyNorth Peace Gymnastics Association2276 PPCLI Society for Youth AdvancementHigh School Rodeos of BC AssociationFort St. John Soccer ClubRotary Club of Fort St JohnNorthern Dance Theatre SocietyFSJ Irish Dance SocietyFort St. John Recreational & Speed Skating ClubBear Mountain Nordic Ski ClubDawson Creek and District Hospital FoundationDawson Creek 5-Pin AssociationRotary Club of Dawson CreekSince 2003, the Rotary Mega Lottery has raised over $5 million for dozens of local clubs in Fort St John and Dawson Creek.last_img read more

first_imgVICTORIA, B.C. – After eight days of mediated bargaining, between the B.C. Teachers Federation and the Province, the talks with the Teacher’s Federation has hit a snag.According to reports, a mediator says the two sides are too far apart to continue talking and that the school year will begin with the old contract in place.No new talks will be taking place until September 23. Earlier in the week, on August 28, Minister of Education Rob Fleming said he remained optimistic that a collective agreement would be made by the weekend.According to Teachers Federation President Teri Mooring, the two groups had been in discussions since January.The collective agreement between the Teacher’s Federation and the Province had expired June 30.School will start as normal on September 3.last_img read more

first_imgGhaziabad: In two separate incidents of murder, a 70-year-old woman was allegedly killed by unidentified robbers during a robbery bid while a 26-year-old body builder also succumbed to bullet injuries after nearly half a dozen unidentified criminals opened fire at him in Modinagar area of Ghaziabad on Tuesday.In first incident, that took place on late Tuesday night, unidentified criminals barged into the house of an elderly woman and brutally murdered her by slitting the throat during a robbery bid. Also Read – After eight years, businessman arrested for kidnap & murder”A PCR call was received on Wednesday morning that an elderly woman had been found murdered under suspicious circumstances at her house in village Sikri Kalan of Modinagar area. A police team rushed to the spot and found that the woman was lying in a pool of blood at her bed with her hands and legs tied with a rope. The body was taken to police custody and was sent for post mortem,” a senior police officer said. Cops said that the deceased identified as Savitri Saini had been living alone at the house as her husband has died around 40 years ago while her son was living separately. Also Read – Two brothers held for snatchingsIn another incident, a body builder who had participated in several body building championships was killed after nearly half a dozen unidentified bike borne criminals opened fire at him on Wednesday evening. Cops said that the deceased identified as Deepak was a native of Krishna Kunj colony in Modinagar area. “The incident occurred while Deepak was on the way to his home when four unidentified criminals, riding on two motorcycles, fired around seven rounds of bullets on him which hit his chest and back,” the officer added. Sources said that Deepak was killed in a rivalry as he had gained a liquor shop license, around a month ago, and a few residents of his village went into enmity with him.last_img read more

first_imgNew Delhi: The Supreme Court Thursday dismissed a plea seeking direction to the Centre and the Election Commission to debar Congress President Rahul Gandhi from contesting Lok Sabha elections till the issue of his citizenship is decided. A bench headed by Chief Justice Ranjan Gogoi rejected the contention of the petitioners, who said that in a form along with the annual data of a UK-based company in 2005-06, it was allegedly mentioned that Rahul Gandhi is a British citizen. Also Read – India gets first tranche of Swiss account details under automatic exchange framework “If some company in some form mentions his nationality as British, does he become a British citizen,” the bench also comprising Justices Deepak Gupta and Sanjiv Khanna told the petitioners. The plea had said that the petitioners were “dissatisfied” with the “inaction” of the Centre and the poll panel in “deciding the question of voluntary acquisition of British citizenship” by Gandhi in spite of a November 2015 communication by BJP leader Subramanian Swamy in this regard. Also Read – Trio win Nobel Medicine Prize for work on cells, oxygen The petitioners — Jai Bhagwan Goyal and C P Tyagi — had alleged that since prima facie evidence in this regard has been produced before the Home Ministry and the EC, Gandhi should not have been allowed to contest the ongoing Lok Sabha elections from parliamentary constituencies he has decided to — Amethi in Utter Pradesh and Wayanad in Kerala. The plea, filed by advocate Barun Kumar Sinha, had also sought a direction to the EC to remove Gandhi’s name from “electoral roll till the decision of the question of acquisition of his British citizenship”. In a recent letter to Gandhi, the Home Ministry had said it has received a representation from Swamy in which it has been brought out that a company named Backops Limited was registered in the United Kingdom in 2003 with Rahul Gandhi as one of its directors. The Home Ministry had said Swamy’s letter mentioned that in the British company’s annual returns filed on October 10, 2005 and October 31, 2006, Rahul’s date of birth has been given as June 19, 1970 and had declared his nationality as British.last_img read more

first_imgBerlin- European champions Bayern Munich set a new record for the longest unbeaten run in Bundesliga history with a 3-0 victory at home to Augsburg on Saturday.Bayern have now gone 37 league matches since their last defeat, at Bayer Leverkusen in October 2012, breaking Hamburg’s previous record of 36 from January, 1983.“The record is unbelievable, it’s not easy to go 37 games without defeat. Congratulations to the club,” said Bayern coach Pep Guardiola, who took charge in June. “I have noticed that every game is a lesson for me in understanding my team.”Guardiola’s Bayern face their biggest test in a fortnight when they travel to second-placed Borussia Dortmund in a repeat of last season’s Champions League final.“Dortmund will be a good, good test for us and our level,” added Guardiola.Guardiola also set a personal record as he celebrated his 12th league match without defeat — the best start by a new Bundesliga coach in the league’s history with 32 points.The Champions League holders opened the scoring at Munich’s Allianz Arena when Germany centre-back Jerome Boateng headed home from a corner after just five minutes.France winger Franck Ribery then smashed home a direct free-kick on 42 minutes before Germany’s Thomas Mueller netted a penalty in the fifth minute of injury time.Bayern, who have won 31 of their last 37 Bundesliga matches, were without Germany’s Bastian Schweinsteiger, who will miss the forthcoming internationals against Italy and England with an ankle injury.It was Bayern’s second milestone of the week after they equalled Barcelona’s record from the 2002/03 season of nine consecutive Champions League wins with a 1-0 at Viktoria Pilsen.Breaking records is nothing remarkable for Bayern these days having set or equalled 25 league records under Guardiola’s predecessor Jupp Heynckes last season.Heynckes stood down in May, with his side unbeaten in their previous 25 league games, after Bayern won the treble of European, cup and Bundesliga titles last season.Bayern also extended their lead at the top of the table to four points as second-placed Borussia Dortmund went down 2-1 at VfL Wolfsburg.It was Dortmund’s second defeat of the week after losing to 1-0 at home to Arsenal in the Champions League.After Germany winger Marco Reus put Dortmund ahead with a thunderbolt of a free kick on the stroke of half-time, Wolves hit back to pick up their fourth straight victory to leave them fourth.Swiss defender Ricardo Rodriguez smashed home a free kick before Croatia striker Ivica Olic hit a great goal in off the far post with 20 minutes left.“We gave away too many free-kicks, which allowed the opposition some practive in taking them,” lamented Dortmund coach Jurgen Klopp, adding centre-back Neven Subotic has a suspected cruciate knee injury.“Olic’s goal was a dream. It should have been blocked, but that didn’t happen. Neven Subotic’s injury is terrible news.”last_img read more

first_imgTangiers – King Mohammed VI launched on Wednesday major projects geared to rehabilitating the historic and cultural legacy of the northern city of Tangiers and reconcile the city with its rich and outstanding cultural past.The Sovereign launched construction works for an arts and cultures compound, rehabilitation of the Hercules Caves, development of the Perdicaris-R’Milat urban park, for a total investment of 130 million Dirhams.The Projects, parts of the “Tangiers-Metropolis” program, reflect the interest granted by the King to preserving and developing the historic legacy of this city, rich by its plural identity, as well as the Sovereign’s constant concern to promote artistic creation in the region. The arts and cultures compound, located in downtown Tangiers, is a space for the training and rehearsals of local drama companies and music bands.It will include a theater of 1,500 seats, two rehearsal rooms, a drama school, clubs for Andalusian music, plastic arts and dancing, recording studios and a multi-usage room.The project for the restoration of the Hercules Caves will consist in consolidating the caves walls, developing nearby spaces, building shops, cafeterias and restaurants and modernizing the lighting, with the aim of safeguarding this major natural attraction, classified as historical monument in 1950.The Perdicaris – R’Milat urban park, a botanical and zoological park hosting indigenous and exotic species, will also undergo rehabilitation and renovation works that will include the restoration of Perdicaris castle, renovation of the R’Milat square and neighboring spaces and development of green spaces and pedestrian tracks for hikers.last_img read more

first_imgGenoa Coach Davide  has hailed the all-round contribution of top scorer Krzysztof PiatekBallardini revealed that Piatek isn’t just contributing goals. “He is first to track back and help.”The striker was on target with a double in the 2-1 victory away to Frosinone, taking his tally to eight goals in just six Serie A games.“I see more and more of a collective becoming a team,” said the Coach in his Press conference.Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“We were balanced both attacking and defending, so this is the result. Piatek is always important for us, even if he doesn’t score goals, because he fights hard for every ball and is the first to track back and help the defence. He runs the game.“I also want to underline the strong performance from Christian Kouame, because he deserved a goal and it’s a pity he hit the woodwork in the second half.“I believe Frosinone will have their say in the race for Serie A safety this season, as they have quality, physicality and a great atmosphere in their home stadium.”last_img read more

first_imgNewcastle United coach Rafa Benitez says he”respects and understands” why fans of Newcastle United may want to protest, he, however, adds that he can only do his job and not interfere with the jobs of others.Supporters of Newcastle, the Magpie Group – plans a protest on Saturday during the Newcastle and West Ham United match to persuaded club owner Mike Ashley to sell some players or support club’s manager Benitez in the transfer market.“My job is to be sure the players are fine and concentrating on West Ham. I cannot control other things,” Benitez as quoted in Chronicle Live.declan rice, england, West ham UnitedReport: England’s Rice gets death threats George Patchias – September 9, 2019 England International Declan Rice has received death threats.Rice a one time Ireland International, switched allegiances only this year. The West Ham United man played for…“I have a lot of respect for our fans because they are supporting our team, and supporting me. I understand what they think.”“But, at the same time, if they are in the stadium then they have to support the team, and the players will appreciate that. If they are there, I am sure they will support the team. But it is not my decision.”“I have been here for a while now so I know what they think. I have to concentrate on what I can manage.”last_img read more

first_img Revisit Janet Jackson’s ‘Rhythm Nation 1814’ For The Record: ‘From A Room: Volume 1’ The Beatles Take Aim With 1966’s ‘Revolver’: For The Record For The Record: ‘From A Room: Volume 1’ For The Record: CeCe Winans, ‘Let Them Fall … ‘ For The Record: Calle 13 For The Record: Carlos Santana Revisit The Beatles’ ‘Revolver’ NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Aug 2, 2018 – 10:15 am Revisit The Beatles’ ‘Revolver’ For The Record: N.W.A’s ‘Straight Outta Compton’ For The Record: Beck’s ‘Morning Phase’ Prev Next Alanis Morissette: ‘Jagged Little Pill’ Metallica: “One” | For The Record For The Record: Amy Winehouse’s ‘Back To Black’ For The Record: Linda Ronstadt’s ‘Canciones …’ For The Record: Pink Floyd’s ‘The Wall’ For The Record: John Coltrane’s ‘A Love Supreme’ For The Record: Bee Gees’ ‘Saturday Night Fever’ Nirvana’s ‘Nevermind’: For The Record For The Record: Taylor Swift’s ‘1989’ For The Record: CeCe Winans, ‘Let Them Fall … ‘ For The Record: Beck’s ‘Morning Phase’ Madonna: ‘Ray Of Light’ | For The Record Pearl Jam: ‘Ten’ | For The Record For The Record: Eminem’s “Lose Yourself” For The Record: Amy Winehouse’s ‘Back To Black’ For The Record: Bruno Mars’ ’24K Magic’ For The Record: Jennifer Lopez And Marc Anthony For The Record: ‘The Miseducation Of Lauryn Hill’ For The Record: Pink Floyd’s ‘The Wall’ For The Record: N.W.A’s ‘Straight Outta Compton’ For The Record: ‘O Brother, Where Art Thou?’ For The Record: Calle 13 Dave Chappelle For The Record: ‘The Age Of Spin …’ For The Record: Michael Jackson For The Record: B.B. King’s “Auld Lang Syne” For The Record: ‘The Miseducation Of Lauryn Hill’ For The Record: ‘A Charlie Brown Christmas’ For The Record: ‘O Brother, Where Art Thou?’ For The Record: CeCe Winans, ‘Let Them Fall … ‘ For The Record: B.B. King’s “Auld Lang Syne” For The Record: Shakira For The Record: Cole’s “The Christmas Song” Metallica: “One” | For The Record Revisit The Beatles’ ‘Revolver’ For The Record: ‘O Brother, Where Art Thou?’ For The Record: Harrison’s ‘All Things Must Pass’ For The Record: Shakira News Revisit Janet Jackson’s ‘Rhythm Nation 1814′ For The Record: Bruno Mars’ ’24K Magic’ Twitter Bob Marley & The Wailers’ ‘Exodus’: For The Record For The Record: Little Big Town’s ‘The Road …” Bob Marley & The Wailers’ ‘Exodus’: For The Record Pearl Jam: ‘Ten’ | For The Record For The Record: Taylor Swift’s ‘1989’ For The Record: Linda Ronstadt’s ‘Canciones …’ Madonna: ‘Ray Of Light’ | For The Record For The Record: Cole’s “The Christmas Song” For The Record: John Coltrane’s ‘A Love Supreme’ For The Record: Cole’s “The Christmas Song” For The Record: John Coltrane’s ‘A Love Supreme’ David Bowie’s ‘…Ziggy Stardust…’ | For The Record Daft Punk For The Record: ‘Random Access Memories’ Nirvana’s ‘Nevermind’: For The Record For The Record: Bee Gees’ ‘Saturday Night Fever’ Because Revolver was the final album the band made before retiring from live shows, the Fab Four never intended to perform it, so they freed up their creativity in the studio, incorporating groundbreaking techniques such as tape loops and backward recordings on “Tomorrow Never Knows.” They also stretched their instrumentation, employing a string octet (“Eleanor Rigby”), French Horn (“For No One”) and sitar on multiple tracks.On the strength of these songs and other now classic Beatles hits such as “Yellow Submarine,” “She Said She Said,” “Good Day Sunshine,” and “Got To Get You Into My Life,” the album peaked at No. 1 on the Billboard 200.  At the 9th GRAMMY Awards, Revolver earned the Beatles a GRAMMY nomination for Album Of The Year, while the album’s cover designer Klaus Voormann won Best Album Cover, Graphic Arts for the LP’s cover. Bob Marley & The Wailers’ ‘Exodus’: For The Record For The Record: Adele, ’25’ Revisit The Beatles’ ‘Revolver’ Alanis Morissette: ‘Jagged Little Pill’ For The Record: Harrison’s ‘All Things Must Pass’ For The Record: Carlos Santana For The Record: Eminem’s “Lose Yourself” David Bowie’s ‘…Ziggy Stardust…’ | For The Record Dave Chappelle For The Record: ‘The Age Of Spin …’ For The Record: Little Big Town’s ‘The Road …” For The Record: Michael Jackson For The Record: Little Big Town’s ‘The Road …” In 1999 Revolver was inducted into the GRAMMY Hall Of Fame, one of seven Beatles albums currently in the Hall. The track “Eleanor Rigby” was inducted in 2002. For The Record: The Beatles’ ‘Revolver’ beatles-take-aim-1966s-revolver-record For The Record: Linda Ronstadt’s ‘Canciones …’ For The Record: Jennifer Lopez And Marc Anthony For The Record: Juan Gabriel Dave Chappelle For The Record: ‘The Age Of Spin …’ For The Record: B.B. King’s “Auld Lang Syne” For The Record: Shakira David Bowie’s ‘…Ziggy Stardust…’ | For The Record Daft Punk For The Record: ‘Random Access Memories’ Their final album before retiring from live shows, find out how the Fab Four’s seventh studio album changed their sonic directionRenée FabianGRAMMYs Aug 2, 2018 – 11:07 am By 1966, the Beatles — John Lennon, Paul McCartney, George Harrison, and Ringo Starr —were ready for a change in their musical direction. Namely, they planned to retire from live performances. Before that, however, they released their seventh studio album on Aug. 5, 1966, Revolver. For The Record: Carlos Santana Alanis Morissette: ‘Jagged Little Pill’ Metallica: “One” | For The Record Daft Punk For The Record: ‘Random Access Memories’ Kendrick Lamar, ‘DAMN.’: For The Record Madonna: ‘Ray Of Light’ | For The Record For The Record: Eminem’s “Lose Yourself” Revisit Janet Jackson’s ‘Rhythm Nation 1814’ For The Record For The Record: Amy Winehouse’s ‘Back To Black’ Read more For The Record: ‘From A Room: Volume 1′ Email For The Record: Adele, ’25’ For The Record: Michael Jackson Pearl Jam: ‘Ten’ | For The Record For The Record: Adele, ’25’ Kendrick Lamar, ‘DAMN.’: For The Record For The Record: Juan Gabriel For The Record: N.W.A’s ‘Straight Outta Compton’ For The Record: Taylor Swift’s ‘1989’ Kendrick Lamar, ‘DAMN.’: For The Record For The Record: ‘A Charlie Brown Christmas’ For The Record: Jennifer Lopez And Marc Anthony For The Record: Harrison’s ‘All Things Must Pass’ For The Record: ‘The Miseducation Of Lauryn Hill’ For The Record: Bee Gees’ ‘Saturday Night Fever’ Facebook For The Record: Bruno Mars’ ’24K Magic’ For The Record: Juan Gabriel For The Record: Calle 13 For The Record: ‘A Charlie Brown Christmas’ Nirvana’s ‘Nevermind’: For The Record For The Record: Pink Floyd’s ‘The Wall’ For The Record: Beck’s ‘Morning Phase’last_img read more

first_imgWILMINGTON, MA — Brush Strokes Art Studio of Tewksbury is holding a paint night in Wilmington next month.On Monday, January 28, 2019 at 7pm, come paint a wintry scene at Rocco’s Restaurant & Bar (193 Main Street).  Eat, drink and paint!  Brush Strokes will provide all the paint supplies.  No painting experience is necessary.  Space is limited so register today by calling 508-572-0853 or by clicking HERE.  Cost is $35.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… RelatedBrush Strokes Art Studio To Hold Paint Night At Rocco’s On January 16In “Business”Brush Strokes Art Studio To Hold Paint Night At Rocco’s In FebruaryIn “Business”Brush Strokes Art Studio To Hold Paint Night At Rocco’s On March 5In “Business”last_img read more

first_imgA schoolboy was allegedly beaten to death at Bokchara intersection in Sadar upazila of Satkhira following dispute over a trifling matter on Tuesday night, reports UNB.The deceased is Shakib Hossain, 16, a class-X student of Satkhira Police Lines School and son of Nazrul Islam, a constable of police at Kalaroa police station and resident of Palashpol Boubazar area of the district town.Abdul Quader and Shanto hailing from Kamalnagar Colony locked into a brawl with Shakib and his two friends – Rashed and Ami – at a mahfil held at Bokchara Madrasa ground at night.Later, the duo along with others swooped on Shakib and his friends with sticks at Bokchara intersection around 10.30pm while they were returning home, leaving them critically injured, said Maruf Ahmed, officer-in-charge of Sadar police station.Locals rushed them to Satkhira Sadar Hospital where doctors declared Shakib dead.Soon after the incident, police detained six people in this connection for interrogation, said Hasan, assistant sub-inspector of the police station.last_img read more

first_img.Three minors died in two separate suspected incidents of drowning in Bijoynagar and Nasirnagar upazila of Brahmanbaria on Tuesday.The deceased are Zannat, 7, daughter of a certain Mizan Mia of Chatur village in Bijoynagar upazila, Sharmin, 8, daughter of one Motaleb Mia, from Noorpur village of the same upazila and Dihan, 4, son of one Manu Mia of Guniauk village in Nasirnagar upazila.Locals said, the two minor girls — Zannat and Sharmin — were playing on the bank of the Khaliajuria river beside Zannat’s house in the afternoon, reports UNB.All on a sudden Sharmin fell into the river around 5:30pm. Seeing her playmate going down the water, Zannat dived into the water to rescue her and drowned as well, they said.Later, locals rescued them and sent the bodies to Akhaura Health Complex where duty doctor declared them dead.In another incident, Diahan fell into a pond near his house unnoticed at noon.Failing to trace their son for a long time, parents conducted a frantic search in the afternoon and spotted their child’s body floating on the water.last_img read more

first_imgIn this 4 June 2008 file photo, a Palestinian carries a box of vegetable oil as he walks past bags of flour, both donated by the United States Agency for International Development, at a depot in the West Bank village of Anin near Jenin. Photo: APTens of thousands of Palestinians are no longer getting food aid or basic health services from America, US-funded infrastructure projects have been halted, and an innovative peace-building program in Jerusalem is scaling back its activities.The Trump administration’s decision last year to cut more than $200 million in development aid to the Palestinians is forcing NGOs to slash programs and lay off staff as the effects ripple through a community that has spent more than two decades promoting peace in the Middle East.The US government’s development agency, USAID, has provided more than $5.5 billion to the Palestinians since 1994 for infrastructure, health, education, governance and humanitarian aid programs, all intended to underpin the eventual creation of an independent state.Much of that aid is channeled through international NGOs, which were abruptly informed of the cuts last summer and have been scrambling to keep their programs alive.President Donald Trump says the USAID cuts are aimed at pressuring the Palestinians to return to peace talks, but Palestinian officials say the move has further poisoned relations after the US recognized Jerusalem as Israel’s capital last year. The aid groups, many of which have little or no connection to the Palestinian Authority, say the cuts hurt the most vulnerable Palestinians and those most committed to peace with Israel.”If you want to maintain the idea of the peace process, you have to maintain the people who would be part of the peace process,” said Lana Abu Hijleh, the local director for Global Communities, an international NGO active in the Palestinian territories since 1995.Before the aid cuts were announced, it provided food aid — branded as a gift from the American people — to more than 180,000 Palestinians in the Israeli-occupied West Bank and Gaza on behalf of the World Food Program. USAID had planned to contribute $19 million a year for the next five years to continue the project but pulled out in August.Global Communities can now only provide aid to 90,000 people through March, and Abu Hijleh had to lay off around 30 staff, including in Gaza, where unemployment exceeds 50 per cent.”It really hurts, because you’re talking about the most basic level of assistance,” she said. The average family receives a monthly voucher worth around $130.Sadeqa Nasser, a woman living in Gaza’s Jebaliya refugee camp, used her voucher to support her disabled husband, their six children and four grandchildren.She says her sons each bring in less than $5 a day from odd jobs. “They cannot afford to buy food for their families, so I help them out,” she said.Since the aid was cut off, she’s been able to qualify for welfare payments from the Palestinian Authority, which itself relies heavily on foreign aid. “Without it we would go hungry,” she said.Funding has also been cut for a five-year, $50 million program run by a coalition of NGOs to provide health services, including clinical breast cancer treatment for some 16,000 women and treatment for some 700 children suffering from chronic diseases.Infrastructure projects, including desperately needed water treatment facilities in the blockaded Gaza Strip, have also been put on hold.Anera, which has carried out development projects in the Middle East for more than 50 years, said it was forced to halt five infrastructure projects in the West Bank and Gaza before completion and cancel three more in Gaza that were pending funding approval. It says the projects would have benefited more than 100,000 people.The NGOs are reaching out to other donors, but USAID is one of the biggest sources of funding for a global aid community overwhelmed by conflicts in Syria, Yemen and elsewhere.The Trump administration has also cut off funding for peace-building initiatives involving Palestinians — even residents of east Jerusalem, which Israel considers to be part of its capital. The Palestinians want east Jerusalem, which Israel captured in the 1967 war and annexed in a move not recognized internationally, to be the capital of their future state.Kids4Peace, a group founded by Israeli and Palestinian families in Jerusalem in 2002, brings Jewish, Christian and Muslim teenagers together for seminars and summer camps where they can share their experiences and learn more about one another.The group’s organizers acknowledge the longstanding criticism of such initiatives — that campfires and singalongs won’t bring peace to the Middle East, especially after a decade of diplomatic paralysis and little hope for resuming meaningful negotiations.But they say that with a $1.5 million USAID grant in 2016 they tripled the number of annual participants to around 70 and revamped programs. USAID takes a hands-on approach, requiring regular audits and demanding concrete accomplishments.Participants now take part in a Youth Action Program in which they plan and execute projects in their communities. One group is campaigning for Arabic subtitles in Jerusalem cinemas. Another set up a community garden in a tense neighborhood where Jews and Arabs had rarely interacted.Kids4Peace was a finalist for another $1.5 million grant this year, but that has been indefinitely postponed because of the funding cuts. It will continue to run programs with the help of private donors, but its growth prospects are in doubt.”We see the trend lines moving in a negative direction, in terms of more hostile attitudes toward the other, less interaction between Israelis and Palestinians, more resistance to peace negotiations,” said Josh Thomas, executive director of Kids4Peace International. “We see that as a need for greater investment rather than less.”Trump also halted aid to the UN agency for Palestinian refugees, which provides basic services to more than 5 million Palestinians across the Middle East, but UNRWA was able to narrow the funding gap with aid pledges from other countries.Palestinian officials say they won’t bow to pressure.”We don’t want their money, we don’t want anything to do with America,” said Nabil Shaath, an adviser to Palestinian President Mahmoud Abbas. “If (Trump) thinks he can put pressure on us through his money, it won’t work.”Critics of the policy fear that cutting off aid will further diminish Washington’s ability to manage a conflict that remains highly combustible.”When America vacates the Middle East space, we do so at our own risk and we do it to the benefit of our adversaries,” said Dave Harden, a former USAID mission director in the West Bank and Gaza.last_img read more

first_imgKolkata: The Kolkata Municipal Corporation (KMC) will take special measures to remove illegal hoardings in the city, Mayor Firhad Hakim said on Tuesday.He added that the civic authorities are carrying out a census of hoardings in Kolkata and maintained that the civic body will develop an app to track them. The main monitor will be in the chamber of the Chief Manager. There is also a proposal to develop a similar app to track down parking of vehicles in the fee parking zones in the city. Also Read – Rain batters Kolkata, cripples normal lifeHakim said the KMC will ask the advertising firms to shift to LED or Canvas hoardings as those made out of flex cause visual pollution and can lead to major accidents when they collapse during storms or norwesters. He said the residents will be able to track the hoardings by downloading the app and in case they have any doubt they can contact the civic authorities immediately. Asked whether the KMC should remove the hoardings that are put up infront of heritage structures, he said the civic authorities will remove them in due course of time. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThe illegal hoardings pose a serious threat to the KMC and cause a major dent in its coffer. Earlier, attempts were made to remove illegal hoardings and some of them were brought down as well but the owners of the advertising agencies get hold of political bigwigs and are allowed to carry on after payment of fine. It maybe mentioned that Chief Minister Mamata Banerjee had instructed the KMC to remove all the hoardings from the heritage zones some years ago.last_img read more

first_imgWe are no further along the path to the resolution of the situation that currently exists in both silver and goldThursday was another day where the gold price didn’t do much of anything.  The difference between the high and lows ticks was only about thirteen bucks or so, with the low coming shortly after trading began on the Comex in New York.  Not much to see here.Gold closed at $1,741.60 spot…down $8.30 on the day.  Volume was around 112,000 contracts.It was pretty much the same price action in silver.  The high [around $33.35 spot] came at 10:00 a.m. Hong Kong time…and the Comex low, like gold, came at 8:30 a.m. Eastern time right on the button.  After that low was in, silver climbed to its New York high by 12:10 p.m….and then got sold off to its absolute low of the day…$32.60 spot…which came at precisely 3:00 p.m. in the thinly-traded New York electronic marketFrom there, it rallied a hair into the close…finishing the Thursday session at $32.82 spot…down 38 cents on the day.  Volume was pretty light at 33,500 contracts.The dollar index opened at 79.08 on Wednesday evening in New York, then flopped around that value up until noon in New York yesterday.  At that point a rally of sorts developed…and by shortly after 3:00 p.m. Eastern time, the index was up to 79.40.  From there it traded sideways into the close.  The dollar index closed up 26 basis points, finishing the Thursday trading day at 79.34.The gold stocks gapped down…and then moved lower from there.  The HUI finished on its absolute low of the day…down 2.97%.With the odd exception, all the silver stocks finished down yesterday, but didn’t get hit quite as hard as their golden brethren, as Nick Laird’s Silver Sentiment Index only closed down 2.10%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that only 4 silver contracts were posted for delivery on Monday.  As I said in this space yesterday, unless a surprise buyer shows up demanding a big chunk of Comex silver or gold, it should be pretty quiet for deliveries between now and the end of October.There were no changes in GLD reported yesterday but, surprisingly enough, SLV reported that an authorized participant deposited 871,612 troy ounces of silver.After Wednesday’s big sales report, there was no report from the U.S. Mint on Thursday.There was a fair amount of activity over at the Comex-approved depositories on Wednesday.  They reported receiving 1,496,888 troy ounces of silver…and shipped 806,112 ounces of the stuff out the door.  The link to that activity is here.Here’s a chart that Washington state reader S.A. stole from somewhere.  It shows how well gold has performed, in percent, against the five indexes shown below over the last forty years.  We’ve still got miles to go in this bull market.It was another slow day for hard news yesterday, so I hope you’re able to skim all the stories that I’ve posted below.It is only possible to live happily ever after on a day-to- day basis. ~ Margaret BonnanoThursday was the third day in a row of little or no price action to speak of…either up or down…and the third day in a row that we are no further along the path to the resolution of the situation that currently exists in both silver and gold.There are commentators out there that say we are in lockdown until after the U.S. Presidential election next month…and in the case of the precious metals, there could be some truth in that.  And if that is the case, then the only price action allowed would be to the downside…and I certainly wouldn’t rule that out between now and then.The fact is, that nobody knows for sure, or can know.  All we have is speculation…including mine.  But that obscene and grotesque short position held by the ‘Big 4’ traders is still in place.Here’s the 6-month gold chart…and as you can see at a glance, it’s been pretty quiet price-wise during the last six weeks.(Click on image to enlarge)Today we get the Commitment of Traders Report for positions held at the 1:30 p.m. Eastern time close of Comex trading on Tuesday.  Both Ted and I are expecting some sort of improvment in both gold and silver…and it’s just a matter of how much.  But we’re not expecting a lot.  Whatever the numbers are, I’ll have that for you in tomorrow’s column.Not much happened in Friday trading in the Far East.  Both gold and silver got sold off a bit, the volume was fumes and vapours…and the dollar index was flat, so you can’t read a thing into that price action…although the price pressure was more pronounced in silver than gold.[It’s been a couple of hours since I wrote the above paragraph…and there have been a few changes during that time period.  Both metals have come under more selling pressure starting at 9:00 a.m. BST in London…4:00 a.m. New York time.  It’s particularly noticeable in silver [surprise, surprise!]…as it was down over 60 cents at one point.  Volumes in both metals are up substantially since the London open…over 30% in gold and 50% in silver…but the dollar index is still basically unchanged.] That’s all I have for today.  Since it’s Friday, I have no idea what the New York trading day is going to be like, but if someone put a gun to my head and I was forced to bet a dollar, I’d say that it’s entirely possible that we’ll see some sort of sell off.  And I’d sort of be morbidly happy about it, as I just want the current situation to resolve itself.  I’m praying for up…but in all reality, it’s probably going to be down in the very short term.And as I head out the door, I’d like to remind you that there’s still an opportunity to either readjust your portfolio, or get fully invested in the continuing major up-leg of this bull market in both silver and gold…and I respectfully suggest that you take out a trial subscription to either Casey Research‘s International Speculator [junior gold and silver exploration companies], or BIG GOLD [large producers], with all our best [and current] recommendations…as well as the archives. Don’t forget that our 90-day guarantee of satisfaction is in effect for both publications.Have a good weekend…or what’s left of it, west of the International Date Line…and I’ll see you here tomorrow. Sponsor Advertisement Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. Tosca recently received results from the 13 remaining holes from its phase two, 16,000 M (4,873 m) diamond drill program. Per Tosca’s Chairman, Dr. Sadek El-Alfy, “the drill program has successfully verified historic drill results of the shallow Copper-Molybdenum cap and confirmed the presence of a deeper, well mineralized Molybdenum Porphyry deposit.” The results of 21 holes drilled through the copper/moly cap in Tosca’s 2011 drill program give a weighted average grade of 0.39 % Cu over a core length of 113 feet (34.5 m). Since the copper cap is subhorizontal, the average core length can be interpreted as being approximately equivalent to true width. The copper/moly cap is crescent shaped, approximately 4,000 feet (1220 metres) long and 400 feet (122 m) to 1000 feet (305 m) wide.The 2011 program encountered numerous thick  Molybdenum mineralized intervals including Hole TMC-25 wich  intersected 1,189 feet (362.4 m) averaging 0.089 per cent Mo including 830 feet (253 m) of 0.1 per cent Mo from 359 feet (109.8 m) to the bottom of the hole. Hole TMC-29 cut 989 feet (301.4 m) averaging 0.09 per cent Mo including 139 feet (42.4 m) of 0.16 per cent Mo. The molybdenum grades are similar and in some cases higher than those of projects currently considered of potential economic interest.”Aggressive plans are in place for 2012 to conduct metallurgical tests, produce an updated resource estimate and  Pre Economic Assesment. Tosca is operated by an experienced mine development team, operates in Texas, a  mine-friendly jurisdiction and its property iseasily accessible with infrastructure in place to advance operations. Please visit our website to learn more about the company ad request information.last_img read more

first_imgIt’s all too easy to get lost in the misinformation and politicking surrounding Obamacare. Dr. Vliet, an independent physician and the past director of the Association of American Physicians and Surgeons (whom I had the good fortune to meet when she spoke at the last Casey Summit) graciously agreed to sit down and clear the fog shrouding the new healthcare law for us. A warm thank you to Dr. Vliet for carving out time in her busy schedule to chat with us today.Dennis Miller: Thank you for speaking with us today. I’ve been fielding reader questions on Obamacare, and, as with all topics, I strive to give straightforward answers. Betsy McCaughey, Ph.D., former Lt. Governor of New York, has written a book titled Beating Obamacare: Your Handbook for the New Healthcare Law. According to her research, seniors will be hit the hardest. McCaughey recommends that seniors get hip and knee replacements and cataract surgeries done before January 1, 2014, as these procedures will become particularly hard to get. I want to set cost concerns aside for a moment and focus on care. There’s no point in worrying about money if medical care is unavailable or inaccessible. Can you expand on the issue of care being denied, particularly for seniors?Dr. Vliet: The goal of the new healthcare law—AKA Obamacare—has been to reduce expenditures for medical services to seniors and shift those funds into the Medicaid expansion providing medical care for younger people. Ezekiel Emanuel, Rahm Emanuel’s brother and Obama’s initial White House Health Policy Advisor, has described this fundamental transformation of American medical care in detail. He wrote a number of medical papers describing his “Complete Lives System,” in which he outlined two major goals for the delivery of medical services in the United States: Medical care is to be “attenuated” (i.e., rationed) for those older than 45 and younger than age 15, so that medical resources can be concentrated on those whom bureaucrats deem most “valuable” to society. Doctors should be taught to do away with the Oath of Hippocrates and its focus on the individual patient. Doctors should instead be taught to make medical decisions aimed at what is good for the “collective,” or society as a whole. Emanuel’s views underpin the philosophy behind the Obamacare law. They are the primary reason that over $700 billion was cut from Medicare (source: the Congressional Budget Office) and shifted into the Medicaid expansion for medical services for younger people. The older (and “less valuable” to society) one is, the harder it will be to have medical care approved. Many people have been satisfied with Medicare as delivered in the past. However, Medicare as we have known it ended with the 2010 passage of the new healthcare law. Keep in mind: You simply cannot have today’s level of medical services going forward when over $716 billion have been cut from the Medicare budget over the next decade. These Medicare cuts reduce hospital, skilled nursing care, home health, hospice, and other services for seniors that have been covered by Medicare in the past. The priorities in the 2010 healthcare law were very clear: seniors have already lived their lives, so healthcare dollars are being shifted to medical care for younger people. And that doesn’t just include the surgical procedures Betsy McCaughey mentioned. It is also medications, treatments, and procedures for cancer, cardiovascular, neurological, and many other conditions. For many years, patients in the UK and Canada have been denied the latest drugs for breast, prostate, lung, and stomach cancers. They do not have access to the same medications for early treatment of macular degeneration, MS, rheumatoid arthritis, or Alzheimer’s disease that American patients currently have. Nor do Canadian nor UK patients, under the National Health Service government-controlled approvals, have the early and frequent screenings for breast and prostate cancer currently available to American patients. Consequently, survival rates with these common cancers are much better in the US than in either Canada or the UK.Dennis: If Medicare or our insurance companies say they will not pay for the treatment, can we just go ahead and pay for the treatment out of pocket?Dr. Vliet: The rules and regulations are different for patients using Medicare (i.e., over age 65), Medicaid (i.e., under age 65), and for those using non-Medicare, non-Medicaid, ACA-compliant health insurance policies. For Medicare patients, payment regulations under federal law vary depending on whether the patient sees a Medicare-contracted doctor, a doctor who has legally opted out of Medicare under the federal rules for doing so, or is seeing a doctor who simply hasn’t enrolled in Medicare. Each situation is different, so there is no easy answer—and of course, that in turn makes it difficult for patients to plan for medical expenses that a particular policy does not cover. It’s likely to become very frustrating and more costly for patients. In some situations, like lab tests and imaging studies (MRI, CT scans, etc.), it is possible for patients to sign an Advance Beneficiary Notice, or ABN, in which patients agree to pay for tests that Medicare doesn’t cover. If Medicare does not cover a test and the patient does not want to pay for tests, it is more difficult for a doctor to make an accurate diagnosis. Patients sometimes think they can pay cash to get in to see a doctor who has stopped taking Medicare patients, but doctors are not allowed to use the ABN forms for services like office appointments that Medicare does cover just to allow patients to pay cash or a higher fee to be seen by that doctor. The details of these complex rules are beyond the scope of this interview. As the Medicare budget cuts continue, I fear the list of non-covered services will quickly grow and we will see fewer doctors participating in Medicare, making it harder for patients to find doctors. In fact, that is already happening. On the non-Medicare or “private” insurance side of the coin, most polices have clauses called “enrollee hold harmless” clauses that prevent patients from paying cash for medical care that a plan reviewer has deemed “medically unnecessary” based on age or condition. Frank Lobb covers the details of this hidden problem in depth in his book The Great Healthcare Fraud. Patients don’t have an easy way to find out about these obstacles to paying cash. These clauses are not found in patients’ contracts with their carriers, they are only in the contracts between doctors and insurance companies or between hospitals and insurance companies. When hit with this situation, a patient’s only option is to seek the medical treatment they need from a hospital or doctor independent from that particular insurance plan.Dennis: Who makes these arbitrary decisions, and how can we appeal them?Dr. Vliet: The Center for Medicare and Medicaid (CMS) and the newly expanded Department of Health and Human Services (HHS) are the ones who write these rules. Even the people who work for Medicare and HHS can’t keep up with the complexity of it! No wonder patients are confused and bewildered. What I find really frustrating is I get different answers from Medicare offices in the different states in which I practice medicine. If I cannot get a straight answer, then I can’t very well explain it to a patient. So I legally opted out of Medicare in 1997. I answer only to my Oath to serve the patient “to the best of my ability and judgment.” Private insurance plans have always had appeals processes, and most physicians use those regularly to help patients get medical services that might be denied coverage the first time around. But once the Independent Payment Advisory Board (IPAB) goes into effect in 2015, there is no appeal to decisions made by IPAB: that’s why they are called “independent”— not even Congress nor the Supreme Court is allowed to override the IPAB decisions. Betsy McCaughey writes that the law says IPAB “recommends,” but what isn’t addressed is their “recommendations” automatically become law unless Congress passes a different plan to achieve the same cost reductions as IPAB recommended, and Congress must pass this plan with a three-fifths supermajority vote during a two-week window in 2017. That’s unlike anything we have ever had before. McCaughey points out that the IPAB is an unelected group of political appointees essentially making law and usurping the role of Congress, yet isn’t accountable to anyone except the president.Dennis: Wow! Let’s discuss cost for a moment. My friend Jeff White has voiced a concern shared by many. With no risk selection and underwriting permitted; with forced acceptance of people who clearly are not taking care of themselves or have costly medical conditions; with loss of cost controls in general, health insurance costs will have to go through the ceiling. What is your take on this?Dr. Vliet: He is exactly right. We have not had “insurance” in the correct sense of the term for more than 40 years. What we really have is prepaid healthcare—but a perversion of this since we pay the premiums and they (government bureaucrats or insurance clerks) decide what they will “reimburse” to cover medical services our doctors think we need. Most of us in the medical profession acknowledge medical care wasn’t the problem; it was our broken payment system. People in the individual (vs. employer-based) market were having a hard time getting individual coverage if they had significant medical issues. People also don’t realize two other fundamental problems in the health insurance market: These problems were not a failure of the free-market system, but rather were due to government intervention and distortion of the free-market system, primarily government regulations that affected the cost and type of insurance available to consumers. The 2010 healthcare law prohibits any private insurance company from offering a policy that does not comply with the Obamacare rules for coverage. That is why so many policies—for perhaps as many as 93 million Americans—are being canceled. It’s the healthcare law itself that is forcing insurance companies to cancel policies that do not comply with the expanded coverage requirements. When a government-required level of insurance requires the policy to cover almost all preventive services, plus medical/surgical and psychiatric treatment for the entire population, the cost is going to be exorbitantly expensive.Dennis: As a capitalist, I can see there will be a need for health care that is denied by the system—maybe doctors banding together in clinics or small hospitals, for example. Can physicians and patients just opt out of the system?Dr. Vliet: Obamacare regulations severely limit doctors from starting new doctor-owned hospitals in the US. Some enterprising groups are beginning to develop such clinics in Mexico and other countries, and it may be possible to set up clinics in “medical freedom zones” on the sovereign lands of Native American tribes that avoid Obamacare restrictions. Right now, however, such options are very limited and certainly cannot serve the huge number of people who will likely need them as medical care is further rationed (especially for older people). Regarding physicians and patients opting out altogether: Patients who opt out and do not buy an ACA-compliant health insurance policy will have to pay the penalty (or tax) for not doing so. For now, physicians can opt out of Medicare, Medicaid, and even private insurance contracts and simply do “fee for service” agreements with patients, like lawyers and accountants already do. But if the US moves to the same model as Canada, doctors may be denied a license to practice medicine unless they are part of the government-controlled Medicare and Medicaid.Dennis: I have Canadian friends who tell stories about family and friends needing eye surgery or heart bypass surgery and having to wait months for those procedures. So they come to the US for care instead. In many cases, had they not done so, they wouldn’t have lived long enough to keep their Canadian appointment. Is this where we are headed?Dr. Vliet: Most certainly, that is exactly where we are headed. Long delays are the fundamental flaw in all government-run medical systems. It is only the free-market, voluntary delivery of medical services that has brought the price down and improved availability of services. Just look at Lasik eye surgery and lap band gastric surgery and note how competition and comparison shopping have brought prices way down over the last decade.Dennis: I like to think of myself as a practical guy. What can we do to stay as healthy as possible and get affordable, quality health care on our terms?Dr. Vliet: The most critical thing everyone can do is take responsibility for lifestyle choices. Our “bad choices” are the biggest cause of most of the diseases that hit us as we age and rob us of health and vitality. These are things we can all actually do that will help lower medical costs and keep ourselves healthier and better able to recover if we do have an illness. These are things my grandmother taught me—they aren’t rocket science—and you will even save money if you do them. Eat less, eat a balanced diet, always eat breakfast, exercise more, maintain a healthy body weight, get enough rest, don’t smoke, don’t drink alcohol in excess, don’t overuse prescription medicines, don’t use street drugs, practice stress management, engage in a regular spiritual practice. While this advice sounds boring, these commonsense lifestyle choices have been shown in many research studies to prolong life, preserve quality of life and vitality, and to reduce medical costs. In addition to these practical tips, for the last several years I have encouraged my patients to set up international health insurance policies to give them options later on. Not everyone has the money to pay cash for medical care, even when going to lower-cost countries. But you have to get international policies before you’re too old or too sick to qualify. Most companies do not offer these policies if you’re over 70, or in some cases 75. There are many companies offering such plans. I also encourage my patients to set up international bank accounts so they’ll have money overseas in the event they need it for to pay for medical care that may be denied or delayed here at home. Call this account your “international health savings account.” Even if it won’t have the tax advantages of HSAs under US rules, at least the money will be there if you need overseas medical care. Overseas bank accounts are legal as long you comply with US reporting rules. This is a step to take before the US government further limits our ability to move money into other jurisdictions.Dennis: Thank you for taking your time to fill in some of the blanks regarding Obamacare.Dr. Vliet: Thanks, my pleasure!Dr. Vliet writes as an independent practicing physician with medical practices in Tucson and Dallas, focused on issues of endocrine aging in men and women from puberty to late life. Dr. Vliet is also the CEO of International Health Strategies Ltd., a medical consulting company that assists patients in finding appropriate high-quality, affordable medical care overseas to maintain patients’ medical privacy and medical freedom to choose individualized treatment options free of government intrusion.Dr. Vliet is the author of six consumer health books and the 2007 Voice of Women Honoree by the Arizona Foundation for Women for her pioneering work on the overlooked hormone connections in women’s health. She has appeared on nationally syndicated radio and TV shows discussing the healthcare law as well as a variety of health topics for women and men. Dr. Vliet was one of the speakers at the recent 2013 Casey Research Summit (click here to purchase the complete Summit audio set). Dr. Vliet received her M.D. and did an internal medicine residency at Eastern Virginia Medical School, then completed specialty training at Johns Hopkins.Dr. Vliet’s medical websites are HerPlace.com and InternationalHealthStrategiesLtd.com. Follow Dr. Vliet on twitter: @healthandcents.On the Lighter Side My wife Jo and I are back in Florida after spending Christmas in Indiana. The good news was our grandson got a really cool electric guitar; the bad news is he also got an amplifier. Speaking of the grandchildren, something popped into my inbox over the holidays. It’s a sound reminder from our friend Ed D’Agostino of the Hard Assets Alliance of why we give precious metals in lieu of toys. Ed has written a short note explaining why gold and silver are the best gifts you can give your children or grandchildren and how you can do just that quickly, safely, and hassle-free. Although the holidays are over, it’s not too late to give. Click here to read Ed’s message now. For those among you unfamiliar with this part of the US, Interstate 75 runs from Michigan to Florida, and it’s particularly crowded this time of year. The cars from Ontario and Michigan were covered with gray-black dirt—the usual aftermath of snowstorms. From Atlanta to Tampa, we estimated that at least half of the vehicles headed south were from “up north,” most driven by seniors who prefer to spend Christmas with family and return to Florida until Easter. And finally… Jo sent me this to me; it seems appropriate after our recent holiday visit. Until next week…last_img read more

first_imgThe fact remains that prices are set by JPMorgan Chase et alIt wasn’t much of a day in gold yesterday.  Not much happened in Far East trading, but right on cue at gold’s high of the day, such as it was—and two hours before the London open—the selling pressure began.  The low of the day, such as it was, came shortly before 9 a.m. EST in New York.  The smallish rally that developed from there, ran out of gas just before 4 p.m. in electronic trading—and the price didn’t do much after that.The CME recorded the high and low at $1,246.80 and $1,260.70 in the April contract.Gold closed on Tuesday in New York at $1,254.40 spot, down $2.70 from Monday’s close.  Net volume was pretty light at only 101,000 contracts.The silver price didn’t do much either.  It rallied a hair going into the London open, with the low tick coming at the London a.m. gold fix.  After that it chopped higher until minutes after 3 p.m. EST in electronic trading in New York—and then traded sideways into the 5:15 p.m. close.According to the CME Group, the low and high ticks were $19.26 and $19.51 in the March contract.Gold finished the Tuesday session at $19.51 spot, up 17.5 cents from Monday.Platinum and palladium traded sideways until the Comex opened at 8:20 a.m. EST in New York yesterday—and then they got sold down pretty good by “da boyz”.  They recovered a bit in afternoon trading, but both finished down on the day.   You’d sure never know that there were strikes going on at the platinum mines in South Africa based on this price action—and I’m sure that’s deliberate.  Here are the charts. The dollar index closed late on Tuesday afternoon in New York at 81.07—and then chopped very quietly higher in a fairly wide range during the Tuesday trading session.  It did dip briefly below the 81.00 mark minutes after 2 p.m. Hong Kong time, but that only lasted for a few seconds, just like the dips below that mark on Monday.  The index finished the Tuesday trading session at 81.15—which was up a whole 8 basis points.The gold stocks gapped down about a percent at the open—and then struggled mightily to get into positive territory.  They finally succeeded about an hour before the close—and the HUI finished up 0.50%.It was more or less the same chart pattern for the silver stocks, but they had an easier time of it, as Nick Laird’s Intraday Silver Sentiment Index closed up 1.08%.The CME Daily Delivery Report showed that 1,024 gold and 8 silver contracts were posted for delivery within the Comex-approved depositories on Thursday.  In gold, JPMorgan Chase out of its in-house [proprietary] trading account—and Canada’s Bank of Nova Scotia—were the two biggest short/issuers with 643 and 336 contracts respectively.  The only two long/stoppers of note were HSBC USA with 659 contracts—and Barclays with 261 contracts.  All 8 silver contracts were stopped by Canada’s Scotiabank.  Yesterday’s Issuers and Stoppers Report is worth a look—and the link is here.There were no reported changes is GLD, but there was a smallish withdrawal/adjustment for exactly 13,000 troy ounces in SLV.  I suspect the latter reason, as it’s too small to be a legal withdrawal—and not big enough to be a fee payment of any kind.  It’s also a very round number.  But regardless of the reason, it’s too small to matter in the grand scheme of things.Just after 4 a.m. this morning, I got an update on the gold and silver ETFs that are managed by Switzerland’s Zürcher Kantonalbank.  They are updated as of the close of trading on Friday, January 31.  For the reporting week, their gold ETF showed a decline of 58,653 troy ounces—and their silver ETF showed a small drop of 103,686 troy ounces.The U.S. Mint had another sales report.  They sold 2,000 troy ounces of gold eagles—3,000 one-ounce 24K gold buffaloes—and another 234,500 silver eagles.Over at the Comex-approved depositories on Monday, they reported receiving 64,919 troy ounces of gold, the bulk of which disappeared into the vaults over at HSBC USA.  The link to that activity is here.It was pretty quiet in silver on Monday, as these same depositories only reported receiving 18,076 troy ounces of silver—and shipped out 2,045 troy ounces.  The link to that ‘action’ is here.It was a pretty quiet news day yesterday—and I’m more than happy to report that I have considerably fewer stories today than I did on Tuesday.A disturbing aspect to the new silver COT report [on Friday] was that JPMorgan does not appear to be signaling a turn up in silver prices just yet, as the bank added a thousand contracts to its short position. In fact, JPMorgan appeared to be the only commercial short seller in silver for the reporting week, something that happens with disturbing regularity, but not usually as silver prices decline. When you think about it, nothing could be more manipulative. At 17,000 contracts net short, JPMorgan holds a short corner in Comex silver futures of 14.4% on a net basis. With JPMorgan having cornered the Comex gold futures market to the long side—and simultaneously holding a short market corner in silver, there should be little surprise in how prices moved during the reporting week; strong in gold, weak in silver. I don’t deny that the raptors have a strong influence on price and in maneuvering the technical funds to buy and sell, but when you hold a controlling market share (as JPMorgan does), you basically control the market. – Silver analyst Ted Butler: 01 February 2014As I stated at the top of the page, price action was very subdued on Tuesday—and there wasn’t a lot of volume.  I’m sure the fact that China is shut tight until Thursday for their New Year celebrations has something to do with that, but the fact remains that prices are set by JPMorgan Chase et al—and what happens in the Comex futures market is not determined by whether China is open for business or closed.  It does matter in the physical market of course, but “da boyz” are there to ensure that this incredible physical demand doesn’t manifest itself in the price.I noted in Tuesday’s preliminary report from the CME that was posted on their website in the wee hours of this morning, that gold’s open interest in February is now down to 4,058 contracts—and silver’s open interest for the same month is down to 19 contracts.  Of course, as I reported further up in this blog, a bit over a 1,000 gold contracts were posted for delivery tomorrow within the Comex-approved depositories—and you can subtract that number from the February open interest, so it’s now down to 3,000 contracts left.  We’ll have to wait and see how much of that amount the long holders will demand delivery on—and how much of it just fades away as the delivery month progresses.As I type this particular paragraph, it’s about an hour before London opens on their Wednesday—and the price action in Far East trading up to this point is comatose.  Volume is less than half of what it was this time yesterday—and I thought it was fumes and vapours then.  Not even in the period between Christmas and New Years have I seen such low volumes at this time of day.  In gold, volume is only 6,000 contracts—and in silver it’s 2,500 contracts.  The dollar index is dead as well.  Is anybody out there?And as I hit the send button on today’s column at 5:10 a.m. EST, I note that there is some positive price action going on in all four precious metals now that London has been open a bit more than two hours—and it remains to be seen how they fare during the rest of the day, particularly what happens after the noon London silver fix and the Comex open.  Volumes are a bit heavier of course, but still exceedingly light for this time of day—and the dollar index is hanging on to the 81.00 mark by a thread.I hope your day goes well—and I’ll see you here tomorrow.last_img read more