Two touchdowns to captain Emily Reed has helped QSST beat NSWCHS in the 18’s Girls final at the X-Blades National Youth Championships in Coffs Harbour. Reed scored one touch down in each half to lead her team to a 6-2 win at BCU International Stadium.QSST and NSWCHS were worthy of their places in the final, being seeded 1 and 2 respectively in the tournament. Leading into the game, both teams had set the benchmark in attack and defence, with QSST only letting through 8 touchdowns in the carnival and NSWCHS only letting through 10.NSWCHS started the game off strong, with Melissa Peters scoring in her first set of six.QSST retaliated and were on the scorecard within the next set of six, scoring through Reed.The opening exchanges were intense, with plenty of ground being made by both teams. However, there was a lot of dropped ball early and QSST gave away several penalties, giving NSWCHS a great opportunity.Despite having several sets of six close to their line in the early stages of the game, NSWCHS were unable to capitalise and QSST pounced.QSST’s Alika Bedford put her team in front for the first time in the 13th minute, scoring in the corner to give the Queensland girls a 2-1 lead.Kirsty Quince scored for QSST 3 minutes later, on the back of a penalty from the NSW team. NSWCHS fought back quickly to score through Rachel Beck in the next set of six.Desperate defence from NSWCHS player, Jordan McGregor in the 19 minute, stopped the score from blowing out and QSST went to the halftime break leading 3-2.Reed was in again for QSST in the opening set of the second half, scoring her second touchdown. Betty Mareko scored 3 minutes later, blowing the score out to 5-2.After a Latisha Gary intercept in the 5th minute of the second half, NSWCHS’ Eliza Naseby was sin binned after an attempt to chase her down.Although NSWCHS had many opportunities in the second half, they were unable to convert these opportunities into points, despite back to back sets of six and ample time close to their line.QSST’s Latisha Gary intercepted the ball in the closing minutes of the game, to put the game beyond doubt for the Queensland girls, with QSST winning by 4 touchdowns. Kirsty Quince was named player of the match, and Alicia Quirk was named 18’s Girls player of the championships.
David Moyes open to returning to Evertonby Paul Vegas16 days agoSend to a friendShare the loveDavid Moyes is open to returning to Everton as manager.Struggling boss Marco Silva is coming under increasing pressure at Goodison Park.Moyes, who left Everton for Manchester United in 2013 after 11 years at Goodison Park, is now the bookies’ favourite to succeed Silva, should the Portuguese get the sack.The Mirror says Moyes wants a return to the Premier League, after turning down the offer of jobs in the Championship and League One in recent weeks.Moyes, who lasted just 10 months at United, is currently out of work after leaving West Ham in 2018, after six months in charge.But the 56-year-old, who also managed Real Sociedad and Sunderland post-United, is now the heavy favourite to become the next Toffees boss – for the second time. TagsTransfersAbout the authorPaul VegasShare the loveHave your say
For almost 20 years, the Spanish Town Skills Training Centre (STSTC) has been providing training for professionals, at-risk youth, non-certified and unskilled employees and employers, in partnership with the HEART Trust/NTA. Story Highlights After leaving secondary school, Ms Dixon faced several job rejections for the lack of employable skills, but with one year of training with the institution, she is now a permanent employee with a business establishment in the St. Catherine town centre. Student at the institution, 19-year-old Alexis Dixon, has high praises for the opportunities being provided to her through the Centre. For almost 20 years, the Spanish Town Skills Training Centre (STSTC) has been providing training for professionals, at-risk youth, non-certified and unskilled employees and employers, in partnership with the HEART Trust/NTA.Student at the institution, 19-year-old Alexis Dixon, has high praises for the opportunities being provided to her through the Centre.After leaving secondary school, Ms Dixon faced several job rejections for the lack of employable skills, but with one year of training with the institution, she is now a permanent employee with a business establishment in the St. Catherine town centre.She tells JIS News that, not only was she provided with the training opportunities but the Centre also sourced employment for her.“I cannot give them enough money for what they did for me, or tell them a million thanks,” she states.According to Ms Dixon, the Principal and instructors at the school, make concerted efforts to impart knowledge to the students, while also sharing life experiences as a way of encouraging growth and development. “It really motivated me to push forward,” she adds.She also encourages young persons in and around the Spanish Town area to get their training at the Centre.“[They should] definitely come to the Spanish Town Skills Training Centre. Don’t hide, it is really a great place, and if you want to move forward, that is the place that you can go,” Ms. Dixon states.Located at 56 Brunswick Avenue in Spanish Town, St. Catherine, the Centre offers training in areas such as Commercial Food Preparation, Levels One and Two; and Customer Engagement at Levels One and Two. In January 2019, the school will offer courses in Early Childhood Development.For former student, Rahean Bailey, he says he is grateful for the opportunity to have completed the Level Two programme in Commercial Food Preparation, and the job that the institution assisted him to obtain. He tells JIS News that in the future he hopes to become Executive Chef.Meanwhile, Manager at the STSTC, Ruth James, states that the vision to offer skills to youth from the area, and elsewhere, has been impactful.“We have seen so many young persons whose lives have been changed, and they are doing very well, all over the world, in the hospitality industry, business process outsourcing, and at front desks at hotels. We are impacting a great number of persons,” she reasons.Mrs. James tells JIS News that while the institution provides services primarily to students between the ages of 17 and 35 years, the school also continues to reach persons who are 35 and older.She informs that on an average, 50 to 70 students are engaged in the day and evening programmes.“We offer at least one month’s work experience, and on most occasions these persons have gained permanent employment with the places where they are sent for work experience,” the Manager shares.Mrs. James lauds the HEART Trust /NTA for providing training opportunities for young people, to gain the necessary skills needed for the work environment.“The standard of HEART Trust/NTA, is international; you can go to most countries with (their certificates) and get a job,” the Manager states.The STSTC mission is to empower participants through goal-oriented activities within an environment that is safe and conducive to learning, while promoting respect of self and others, as well as developing a positive attitude towards work skills, academics, certification and assessment, as required by the Heart Trust/NTA.In the meanwhile, President of the Central Jamaica Conference (CJC) of Seventh-day Adventists, Pastor Levi Johnson, who was a founding member of the STSTC in 1999, says the move to establish the school was in response to the needs of the communities in the area.Pastor Johnson, who headed the Spanish Town Seventh-day Adventist Church at the time, shares that the establishment of the Centre was a move to improve the quality of life for community members.He tells JIS News that the CJC provides resources to keep the institution going, and “once there is a need, we can’t say no to them; because we know how relevant the Skills Training Centre is. We see them as one of our key partners”.For Community Training Interventions Manager at the HEART Trust/NTA, Kevin Walker, institutions like the STSTC help the training agency to meet their mandate.For more information on the Centre, persons can call (876) 984-3571, (876) 419-2249, or email at email@example.com.
Third Street Music School Settlement, the nation’s longest running community school is pleased to announce this year’s Spring Gala, “Legends & Leaders” will honor Sting, Grammy Award winning musician and renowned philanthropist and Brenda Harris, Third Street Preschool teacher of 22 years.The gala, being held on May 16, pays tribute to honorees for their philanthropic contributions and leadership in supporting the arts and music education.A long time supporter of music education and an activist for creative arts, Sting will receive Third Street’s Award for Distinguished Achievement in the Arts, joining a roster of previous honorees that includes Yoko Ono, Harold Prince, Philip Glass, and Audra McDonald. The gala raises funds to support Third Street’s work in changing lives through music and arts will be hosted by Pat Kiernan, News Anchor of NY1.“I applaud Third Street Music School Settlement’s commitment to arts and culture and am honored to be celebrating with such a historic and essential organization,” said Gala Honoree Sting.“Third Street is proud to celebrate our 121st anniversary with two incredible honorees this year — Sting and Brenda Harris. We are delighted to acknowledge them for their long legacy of advocating and building musicianship and artistic creativity in their communities and beyond.” said Third Street Music School Settlement’s Anna-Maria Kellen Executive Director, Valerie G. Lewis. “The funds raised from the gala are crucial in ensuring that Third Street furthers our commitment in providing access and quality arts and music education for all those who seek its enrichment.”The Gala Co-chairs are Margaret Crotty and Rory Riggs, Carina Liebeknecht and Andrew Dietderich, Melanie and Neal McKnight, Katie and Matt Sperling. Anniversary Co-chairs include Lisa and Brian Byala, Annabelle Garrett, Jeannie Park and Larry Hackett. Honorary Co-chairs comprise of Barbara E. Field, Philip Glass and Harold Prince.Taking place at Capitale (130 Bowery in Lower Manhattan), the evening begins with a cocktail reception at 6:00pm, followed by dinner and an awards program at 7:00pm. This event will bring together hundreds of luminaries from the worlds of arts, culture, education, media, business, finance and philanthropy for a night of celebration and giving back. Support through attendance, live and silent auction participation and donations will help raise funds that will go towards scholarships and financial aid services for our students at Third Street.In attendance will be representatives from the Anna-Maria and Stephen Kellen Foundation, Clarfeld Financial Services, Ernst & Young, Steinway & Sons, Putney, Twombly Hall & Hirson LLP, TD Bank and Westerman Construction Co., Inc. The official media sponsor of the gala is NY1.Tickets to the event start at $500 per person and $5,000 per table. For more information about the Third Street Music School Spring Gala, please contact Katherine Nemeth at 212-777-3240 ext. 26 or email firstname.lastname@example.org. For updates, please visit thirdstreetmusicschool.org/gala.Founded in 1894, Third Street Music School Settlement is that nation’s longest running community music school with its roots tied to the late 19th century settlement house movement. Instrumental in establishing community arts education in the United States, Third Street has been changing lives and its community by providing access and high-quality music and arts instruction to students of all ages and backgrounds, regardless of artistic experience or economic circumstances. Today, Third Street serves over 5,000 students annually, helping them thrive in school and in life by promoting healthy personal and academic development, opening avenues to further study, sparking professional careers in the arts and instilling a lifelong love of learning.Located on East 11th Street in the heart of the East Village, Third Street offers early childhood classes, a unique music-centered preschool, after-school and Saturday programs for children and teens, as well as daytime and evening programs for adults. It also provides in-school arts education through more than 27 school and community partnerships across the city, as well as a year-round schedule of more than 250 public performances. Third Street alumni, many who are professional artists, include violist Masumi Per Rostad of the acclaimed Pacifica String Quartet; 1920’s hit-maker Irving Caesar 9Tea for Two, Bobby Lopez, co-writer of the hit Broadway musical Avenue Q and Academy Award-winning writer of “Let It Go” from Disney’s Frozen; Ingrid Michaelson, pop singer/songwriter with hits on the Top 40 charts; and Jessie Montgomery, recipient of the Sphinx Award.
Eddie Seal for The Texas TribuneA tanker truck travels on FM 2067 between Austin and Victoria on April 18, 2018. Texas counties are asking state leaders to help pay for road damage caused by heavy traffic from the oil and gas industry.W.C. Steinmann says his family roots in southeast Texas date back to 1882.The 74-year-old rancher lives in DeWitt County, between San Antonio and Victoria, an area surrounded by oil and natural gas fields. Steinmann and other local property owners say the oil and gas boom is destroying the rural road system.“The base of the roads were not designed for those types of heavy equipment to go on them,” Steinmann said, adding that some roads are so narrow that “you have to get in a ditch to let someone come by you. It gets very difficult day-after-day to travel those roads.”This is not a new problem for Texas, where oil and gas drilling has been a pillar of the economy for generations. And DeWitt County isn’t the only affected area. During the 2013 drilling boom, county officials along the U.S.-Mexico border raised concerns about residents having to navigate yawning potholes, cracked asphalt and splintering shoulders.Texas leads the nation in both oil and natural gas production. In the 2017 budget year, the oil production tax brought the state more than $2 billion in revenue, while the natural gas production tax brought in a little less than $1 billion.But none of that tax money goes to fixing roads in the areas where the production is occurring. Instead it’s divided among several state funds: the Rainy Day Fund, the State Highway Fund and the Foundation School Program.“The drilling continues, the fracking continues, there’s more weight on the road and I don’t really see any relief,” said DeWitt County Judge Daryl Fowler. “It’d be nice for the state to realize that they haven’t really contributed anything.”Eddie Seal for The Texas TribuneA badly damaged section of road near Cheapside, between Gonzales and Cuero, on April 10, 2018.The House Transportation Committee will hold a hearing on April 17 to “evaluate the impact energy exploration and production has on state and county roads, and make recommendations on how to improve road quality in areas impacted by these activities.” The House Energy Resources Committee will meet the following day to examine “investments in public infrastructure” in the Permian Basin, the state’s most productive oil and gas region. After both committees meet, they’ll publish an interim report.But until there’s a permanent legislative fix, some rural leaders say the state is enjoying a free lunch at the expense of local property tax owners who have to pay for the damage to their roads — often through higher property taxes. The Texas Department of Transportation has also struggled to maintain farm-to-market roads near oil and natural gas wells because of damage from heavy trucks.“The money from the oil and natural gas production taxes just goes back to the state … and they redistribute it,” said former Nueces County Judge Richard Borchard, who lives in DeWitt County. “The local taxpayers live here, we stay here and we have to deal with these roads. The state needs to understand that the local governments need some help.”In 2014, Texas lawmakers approved a one-time appropriation of roughly $225 million to help counties fix damaged local roads. Of the state’s 254 counties, 191 applied, and identified more than $1 billion in needed road improvements. The biggest grants went to counties in West and South Texas with the heaviest oil and gas production.In the heart of the Permian Basin, Midland County Commissioner Robin Donnelly said the county received $5.9 million from the state in 2014 and put it toward a single road project that’s still not complete.“Our county roads were just never built for the truck traffic that we have now,” Donnelly said. “We have more rigs running in the Permian Basin than anywhere else in the U.S. right now. There’s not a county road that is free and clear of truck traffic.”That money didn’t go far in DeWitt County either, Fowler said. The county received less than $5 million in 2014, which paid most of the $6.2 million cost of repairing four county roads. The county’s road and bridge budget that year topped $31 million, he said. East of Midland in Howard County, County Judge Kathryn Wiseman said that during the last oil boom from 2011 through 2013 — when the oil price per barrel topped $100 — county roads suffered roughly $30 million worth of damage directly attributable to oilfield traffic. The county received $3.8 million from the state, she said.Eddie Seal for The Texas TribuneTrucks travel along FM 2067 near Cheapside on April 9, 2018.Many county officials are asking legislators to find a more permanent fix. Fowler said he supported a measure filed during last year’s legislative session by state Rep. James White, R-Hillister, that would have taken 2 percent of the money collected from the state’s oil and natural gas production taxes and given it back to the counties whose roads and bridges have been damaged.White said the bill died during the infamous “Mother’s Day Massacre,” when tensions between members of the Texas Freedom Caucus and their Republican leadership boiled over and the caucus members — angry over what they called “personal petty politics” — used a procedural maneuver to kill more than 100 bills.White said he plans to refile his measure during the 86th legislative session, which begins in January.“We’re not against drilling. We’re not against oil and gas,” White said. “I don’t think [my measure] was looting the Rainy Day Fund … this is just a little small percentage going back to these local communities to pay for these roads.”State Rep. Travis Clardy, R-Nacogdoches, who sits on the House Energy Resources Committee, said he’s hopeful that with the state’s booming economy, there will be leftover money the state can send to rural counties affected by the oil boom. But Texas Comptroller Glenn Hegar recently warned lawmakers that they’d only have a $94 million beginning budget when they reconvene in 2019, compared to the $880 million beginning budget they had in 2017.But Clardy’s still optimistic they can find money to help fix local roads.“There’s nothing that money can’t solve, and the good news is we do have a very robust economy” said Clardy, who represents several East Texas counties. “I want to keep our local counties and cities happy. If there are potholes in the road, nobody is happy.” Share
In a surprising Wednesday morning editorial, Costa Rica’s normally conservative Spanish-language daily La Naciónadvocates for the legalization of medical marijuana.The editorial, titled “Cannabis as Treatment,” notes that a large number of Costa Ricans – perhaps hundreds or thousands, it claims – use marijuana to treat a range of health issues in this Central American country of 4.8 million, and that number is growing.La Nación writes:The illegality [of medical marijuana] not only impedes the collection of useful information; it has much more serious consequences. The main one being that most patients lack professional guidelines regarding recommended dosages and methods of consumption: Although there are doctors who, out of compassion, know of, tolerate and in some cases guide its use, they are legally prohibited from helping patients in a systematic manner.La Nación joins a growing chorus of voices in this democratic country calling for the legalization of medical or recreational marijuana, or both. And advocates aren’t just hippies or stoners. Gerald Murray, who heads the organization Marihuana Medicinal Costa Rica, said during a February conference that Costa Rica could “set an example” in the region if it legalized medical marijuana. Other regional leaders also have pushed for an end to the drug war on marijuana, including Guatemala’s Otto Pérez Molina.To date, Costa Rican President Luis Guillermo Solís hasn’t been keen on the idea, saying after he won last year’s presidential election that while a debate on the issue is needed, his administration would not promote decriminalization of illicit drugs, including marijuana.He has since softened that position after a lawmaker from his own ruling Citizen Action Party, Marvin Atencio, introduced a medical marijuana bill in the Legislative Assembly last August. In a study of the bill last March, board members from Costa Rica’s public health care system announced that they would not oppose the legislation, although they suggested some amendments.During last February’s conference, sponsored by Marihuana Medicinal Costa Rica, Valerie Corrall, founder and president of the California-based Wo/Men’s Alliance for Medical Marijuana, boldly proclaimed that “the promise for success in Costa Rica is probably greater than in any other country in the world.”A majority of Costa Ricans now seem to agree. A 2014 survey by the University of Costa Rica concluded that 53 percent of the country’s population supports the use of medical marijuana. Possession of small amounts of cannabis already has been effectively decriminalized, and in September of last year, Costa Rica announced it would become the first country in Central America to host a branch of the drug policy reform group Law Enforcement Against Prohibition, or LEAP, an organization composed of current and former cops. Citizen Action Party lawmaker Marvin Atencio estimates that legal medical marijuana could generate $20 million annually for the government. Alberto Font/The Tico TimesOne of the barriers reform advocates face here, however, comes from the Alcoholism and Drug Abuse Institute, or IAFA, a government agency partly funded by seized illicit drug funds and which operates addiction treatment centers across the country. (It’s worth noting that IAFA also provides its patients with ready access to an array of pharmaceutical drugs, some of which have side effects that are much more severe than marijuana.)IAFA Director Luis Eduardo Sandí told La Nación that marijuana “has many components that could affect multiple [neurological and cardiac] functions, and could cause dependence.”In response, La Nación wrote in its editorial, “This is yet another reason to legalize it and supervise, with professional rigor, the appropriate therapeutic use.”The daily also points out that several other countries already have taken the initiative to legalize medical marijuana, and Costa Rica could broadly learn from those experiences:[Medical marijuana] is authorized in Canada and is permitted in 25 states in the U.S. (four states have also legalized recreational marijuana use). Joining them are European and Southern Cone countries. In all of these, it’s possible to identify experiences to guide us in our own country. … If rigorous professional criteria back [legalization] inside and outside of Costa Rica, and if the countries with solid systems of pharmacological supervision have approved it, the time has come for our country to also take this step, void of prejudice and strictly abiding by reality and good practices.Hear, hear. Facebook Comments Related posts:Big Tobacco need not apply for work in the cannabis market Global drug policy isn’t working. These 100-plus organizations want that to change. Mexico’s Peña Nieto wants expert debate on marijuana legalization Top medical experts say we should decriminalize all drugs and maybe go even further
Satellite operator SES has introduced four new sales regions to enable it to better focus on emerging markets. The regions are: Americas, Europe, Africa, and Asia-Pacific/ India/ Middle East. They will be headed by Elias Zaccack (Americas), Ferenc Szelényi (Europe), Ibrahima Guimba-Saidou (Africa) and Deepak Mathur (Asia Pacific/ India/ Middle East). All four executives report to chief commercial officer, Ferdinand Kayser.“This organisation and these nominations are another step on our way to consolidate our strong position in Europe and North America while focusing our attention on the emerging markets, where a lot of the future growth for SES is coming from”, said Romain Bausch, president and CEO of SES. “With our regional split and our new sales executives, we have a strong organisation in place to respond to the exciting challenges that lie ahead of us.”Scott Sprague has stepped down from the position of senior vice-president global sales. He will be replaced by Ferenc Szelényi.
Altice has acquired a further tranche of shares in Numericable-SFR and has completed the sale of its Réunion and Mayotte service provider to Madagascar’s Hiridjee Group.Altice has just short of 1.3 million Numericable-SFR shares for €64.6 million, paying €49.75 a share.Separately, Altice has completed the sale of its Outremer Telecom mobile unit in the French overseas territories of Réunion and Mayotte to Hiridjee Group, part of its commitments made to secure regulatory approval for the Numericable-SFR acquisition.
In This Issue.*Currencies and metals drift lower. *Aussie employment jumps for 2nd month. *Greek Parliament passes austerity package. *Another conspiracy theory from Chuck.And, Now, Today’s Pfennig For Your Thoughts!A Return To The So-Called Safe Havens.Good day. And a Tub Thumpin’ Thursday to you! Well. with the election behind us now, we can get to the business of trying to figure out just what went on, and from my view in the cheap seats, I see the U.S. didn’t change one bit. Oh sure some of the players are different, but we still have the split in congress, which has left the U.S. economy with tons of uncertainty, and what do I call Gold? The Uncertainty Hedge.. wink, wink!In addition to the uncertainty that congress will bring us the next two years. can you believe how polarized the country has become? The Popular vote was split 50/50. do you see a problem with that? I do. but I won’t get into it here. and it’s too cold on the patio! Oh well, this thought for our country isn’t going anywhere before it gets warm out.Yesterday. We saw the currencies and metals drift lower throughout the day. Before the NY traders arrived, Gold was up $9. an hour or two after their arrival Gold was down $4. I’ve got a conspiracy theory to bounce of you regarding Gold (& Silver of course!) a little later in the letter today. I know you’re full of excitement now, but hold on. we’ve got a few other things to talk about first!This morning the drifting lower continues for the currencies & metals. In the Eurozone, the Greek Parliament approved the austerity package by just 2 votes.. the package received 153 yes votes, and needed 151 to pass.. So, see, the rumors I told you about, were true. the package passed by the thinnest of margins. (well, I guess not the thinnest, but pretty thin. Olive Oyl thin!) But, Greece isn’t out of the woods just yet. On Sunday, the Greek leaders will vote on the 2013 Budget, which is rumored to be a no-brainer, and pass easily. but, there’s still uncertainty in Greece, so the euro gets dragged through the muddy mess that Greek deficit spending has created.The Bank of England (BOE) and European Central Bank (ECB) are both meeting this morning while my fat fingers type away. I don’t expect any news or market moving statements from either Central Bank this morning. These guys have their hands tied, just as tightly as the Fed Heads do. their quivers are out of arrows, and their economies are in shambles. We’re all in this together I guess, eh?In Australia overnight. Aussie employment gained 10,700 jobs in October, adding September’s gains of 15,500. The consensus was for a gain of 5,000. So, the actual number was twice what was forecast, and I think puts a gold star above the Reserve Bank of Australia (RBA) for keeping interest rates on hold earlier this week. They sure would have looked stupid had they cut rates on Monday and printed this strong jobs report on Wednesday. For those of you keeping score at home, the Aussie unemployment rate remained at 5.4%…The Aussie dollar (A$) tried to gain out of the starters blocks this morning, but was quickly pulled back by the overall weakness in the other currencies. The A$ did gain VS its kissin’ cousin across the Tasman, New Zealand dollar / kiwi. A month or so ago, I had read a report from an analyst that called for the cross between A$ and kiwi to narrow, with kiwi outperforming the A$ in the coming months. well. I would think that by now, that trade has been closed out! The A$ has pushed the envelope out on the cross to kiwi.. As well as it has the U.S. dollar.Kiwi on the other hand is feeling the pressure of a report that shows their debt widening, and just last night, that their unemployment in the 3rd QTR rose to a 13 year high. Their unemployment rate bounced to 7.3% from 6.8% in the 2nd QTR. That’s the highest it’s been since 1999. Now, kiwi has gained 5.4% VS the U.S. dollar this year, so not a complete waste, but just not what the A$ is made up of! The sentiment in the currency markets right now has switched to focusing on the upcoming Fiscal Cliff, and even though the Fiscal Cliff would be very bad for the U.S. economy next year, dollars and Treasuries are being bought as so-called safe haven trades once again. You can add Japanese yen in there too, just to show how ridiculous the so-called safe havens are!Speaking of the Fiscal Cliff, one thing that I’ve been warning you about for 6 months now, is about to be delivered to our door step. The breach of the Debt Ceiling. Uh-Oh! I was reading a story yesterday that really ticked me off. here’s the skinny. Apparently, some Senators sent U.S. Treasury Sec. Geithner a letter back in August, requesting him to answer 2 questions. 1.) What is Treasury’s forecast of the date upon which Treasury will find it necessary to use extraordinary measures to manage to keep federal debt at or below the statutory debt limit? And 2.) What is Treasury’s forecast of the date upon which the U.S. Gov’t will reach the statutory debt limit given use and exhaustion of these extraordinary measures? And they gave the Treasury a deadline to answer these questions of November 1. And guess what? Treasury failed to answer the questions by November 1st. OK. so since the Treasury Sec. (who is leaving his job in 2013) failed to answer the questions, I’ll give you the numbers and let you do the math for you’re probably better at it any way! On October 31, 2012 our federal debt subject to the legal limit was $16,222,235,000 just $171.765 Billion below the $16,394,000,000 debt limit. In October alone, the U.S. added $195.214 Billion to the federal debt/ national debt. If we have the same numbers in November, then we will have breached the debt limit very soon folks. very soon.And given the recent loss by the Republicans, they will be in no mood to just “rubber stamp” this increase in the debt ceiling. Remember August 2011, when these discussions over increasing the debt limit got very hot, and messy? Gold soared, the dollar plunged, and the U.S. lost its AAA rating with S&P. Now, I’ve been warning about this coming to a head for months now. Earlier this year I thought it would happen right before the election, which I thought would be good fodder for a debate. but my timing was off.. Now, it’s here. the debt limit breach. and this should play out at a theater near you, very soon!OK. I had better stop before I begin to yell at the walls. and since I’m home this morning writing the Pfennig, I don’t want to wake up the family this early! I heard Ty Keough on the phone yesterday talking about the Singapore dollar (S$) The S$ has had a nice run the last couple of years. the moves are small, and sometimes it appears that the S$ has stalled, but you have to remember that countries like Singapore, Hong Kong, S. Korea, and other Asian countries have to keep the Chinese renminbi/ yuan in their respective sights all the time, as they don’t want their currencies to get out of whack with the renminbi/ yuan. It’s all about competition for exports. I like the S$ for a couple of reasons. the most important one is the fact that the Monetary Authority of Singapore uses the S$ strength to combat inflation, instead of using some arbitrary interest rate like most countries do..Speaking of China and the renminbi/ yuan. If we go back a couple of months ago, I recall writing about a Chinese analyst saying that the Chinese economy will show that it bottomed out in the 2nd QTR. I said then, that if that’s true, then we could very well see an improvement in the global growth prospects. Well, skip forward to today, and the analyst appears to have been bang on with his forecast / call for the economy. The Chinese economy isn’t out of the woods just yet, but it’s on its way. or it appears to be at least! And that bodes well for the Asian and Pan-Asian currencies.I had a dear reader ask me about the Russian ruble. I’m asked about this a lot. so, here’s my thought on the ruble. it’s an oil play. if you believe that the price of Oil is going higher, then you’ll like the ruble. if you believe like some analysts I’ve heard the past two years, that the price of Oil is going to $40 a barrel, then you’ll want to steer clear of the ruble. It’s an Oil Pay. that’s how I see it!The Norwegian krone and Canadian dollar also have a dog in the Oil play hunt, but these two countries have done a better job of diversifying their economies, so that while the price of Oil does push or pull on these two currencies, the price of Oil isn’t the end-all to their values.Then There Was This. this is only for conspiracy lovers like me. if this isn’t your cup o’ tea, then skip ahead to the recap. ready? Here we go. “yesterday I wrote about the German Bundesbank officials being turned away from the NY Fed when they requested an audit of Germany’s Gold that was held there. Now, I have learned that this wasn’t the first time they had been turned away… and then it hit me… I did the V-8 forehead slap! and now, in my best Andy Rooney voice.. Have you ever wondered why the price manipulators (PM’s)in Gold & Silver keep all those short positions? And no Gov’t regulating agency stops them? Well, put one and one together, that is if you have a conspiracy theory mind like mine… If you think what I’m about to say is just hogwash, then skip ahead… but if you believe where there’s smoke, there’s fire… come along with me…Let’s just say this.. suppose that all the Gold that nation’s hold here in the U.S. is gone… And now that things around the world are looking iffy, these countries want to check on their Gold, you know, just in case something happens that they will need the Gold to either sell or borrow against… Well, if the Gold is all gone, what will these countries do? And if the U.S. Gov’t is all over this selling of other countries’ Gold like a cheap suit, then why would the U.S. Gov’t be interested in disallowing the PM’s from selling Gold short? For, if the PM’s succeed, they could get the price of Gold back down where it could be bought and each country’s Gold supply replenished, and no one would even know, since the countries were never allowed to see their Gold to begin with… this is going to make a great movie one day, folks… the LIBOR scandal is nothing compared to this! This also ties in or plays well with the Wikileaks cable I told you about a year or so ago, where it was confirmed that the U.S. Gov’t feared the rise of Gold as a replacement for the dollar…Oh, brother… this has smoke all over it… And if there’s an ounce (pun intended) of truth to this theory, then the price of Gold will eventually soar, when the lid is blown off this story. Oh well, that was fun wasn’t it? A couple of years ago, I told the Sov. Society, that a great newsletter would be a Conspiracy letter, that uncovered these stories, researched them, and tried to bring them to the public. That idea was shot down. but, one of these days. I think I’ll write one!To recap. The currencies and metals have drifted lower and lower since the arrival of the NY traders yesterday morning. The markets are already feeling the uncertainty of having a split in the U.S. Congress and seeing the debt limit and fiscal cliff coming, and the flight to the so-called safe havens, dollars, yen and Treasuries is the trade du jour today. Australia posted another strong employment report, while New Zealand saw their unemployment rate rise to the highest level in 13 years! The BOE and ECB meet this morning and neither one will make any moves..Currencies today 11/8/12. American Style: A$ $1.0415, kiwi .8175, C$ $1.0035, euro 1.2745, sterling 1.5955, Swiss $1.0570, . European Style: rand 8.6850, krone 5.7475, SEK 6.6870, forint 222.95, zloty 3.2645, koruna 19.9235, RUB 31.55, yen 79.80, sing 1.2245, HKD 7.7510, INR 54.42, China 6.2535, pesos 13.08, BRL 2.0335, Dollar Index 80.86, Oil $85.22, 10-year 1.62%, Silver $31.70, and Gold. $1,714.50That’s it for today. crazy how my mind thinks of these things, eh? I don’t think I’ll be back in the office until next Friday. My leg has flared up again, and then I’ll be back to the MD Anderson Cancer Center next week. Hopefully they tell me the tumor in my chest has shrunk. I know the one in my mouth has shrunk! The Big Boss, Frank, is gone, I’ll be gone, the mice will get to play in the office! HA! Chris was in Philly the other day to speak to a group. He’ll be heading to San Francisco for the Hard Money Assets Show soon. These are things that I would have normally done, but right now, I’m in no shape to stand for any period of time and talk to groups of people! So, thankfully we have Chris, who probably does a better job than I do any way! OK. I’ve carried on for too long today. I need to go get my leg up. I hope you have a Tub Thumpin’ Thursday!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.com
The dollar index wandered in a 20 basis point range around it’s Tuesday afternoon close in New York, which was 79.26. The index closed late Wednesday EDT at 79.28. Nothing to see here. Sponsor Advertisement It was more or less the same chart pattern in silver. The low was at the London silver fix, and the high was at 9 a.m. EDT when the price got capped and then sold down 20 minutes after the Comex open. The tiny rally after that peaked out at 11:30 a.m. EDT, and from there developed a slightly negative bias into the close of electronic trading. The CME recorded the low and high as $22.50 and $22.82 in the December contract. Silver closed at $22.56 spot, which was down 14.5 cents from Tuesday. Volume, net of October and November, was a smallish 28,500 contracts. No follow-through to Tuesday’s price action in New York anywhere on Planet Earth yesterday The gold price didn’t do a thing in early Far East trading on their Wednesday, and began to develop a negative bias shortly after 10 a.m. Hong Kong time. The low of the day came at the noon silver fix in London, and the subsequent rally [such as it was] got capped at 11:45 a.m. EDT. Gold then got sold down until the 1:30 p.m. Comex close, then traded flat into the electronic close at 5:15 p.m. in New York. The CME recorded Wednesday’s low and high as $1,328.50 and $1,342.20 for the December contract. Gold closed in New York at $1,333.70 spot, which was down $7.50 from Tuesday. Volume, net of October and November, was very light at only 103,000 contracts. I have very few stories for you today, so it shouldn’t take too much time to read the ones that strike your fancy. Economic theory would suggest that gold will find its own level in terms of price, supply and demand, and if Sprott is right then the gold price will rise sharply once the market understands this. But in today’s financial environment when everything seems to be manipulatable by big money, with or without government collusion, perhaps gold, as a hybrid between money and commodity, is very much a unique animal. There are just too many vested interests for it to simply follow the usual economic rules. – Lawrence Williams in commentary over at the mineweb.com Internet site yesterday. There’s not much to talk about regarding yesterday’s price action. As I commented on Tuesday and again today, and as Peter Grandich so eloquently put it in his thoughts in the Critical Reads section further up in today’s column, there was absolutely no follow-through to Tuesday’s price action in New York anywhere on Planet Earth yesterday, and even the tiniest rally attempts on Wednesday were dealt with in the usual manner. The only news tidbit I have for you here is something that Ted Butler posted in his mid-week commentary to his paying subscribers yesterday. He mentioned that “The CFTC announced the schedule for catching up on Commitment of Trader and Bank Participation Report data. There will be reports on Friday, but it will take some time before reports are current.” You can read all about it in the short CFTC press release linked here. Silver analyst Ted Butler doesn’t stray too far from his normal topic, which are the on-going price shenanigans in silver and gold in the Comex futures market. But as a long-time commodities trader on Wall Street, he had a few comments about crude oil that I thought worth stealing. Here, in part, is what he had to say. Back in July, I commented on the high price of crude oil and gasoline at the time being due to the record net long position of speculators and counter party record net short position of the commercials in crude oil futures on the NYMEX. I also inferred that it was likely that the commercials would rig prices lower eventually. It took a couple of months, but it appears clear to me that the recent sell-off in crude oil and gasoline was due to the same speculative forces that caused prices to run up in the summer. Just as it is the case in Comex gold and silver, petroleum prices are often moved by paper trading games on the NYMEX. The trading games are the same in that real world fundamentals have little to do with price moves; this is all about technical trading funds being lured into and out from positions by the commercials (JPMorgan) and not actual oil production or consumption. Here’s the two-year West Texas Intermediate Crude Oil chart so you can see the point that Ted is making. As a long-time observer of the daily price activity, both on a micro and macro level, it was obvious that a seller of last resort was at work shaping the price curve in both gold and silver, particularly during the Comex session. Both platinum and palladium had similar chart patterns. The lows came at 11 a.m. in Zurich, and the highs were at noon in New York. After that, both got sold down not only below their Tuesday closing prices, but below their respective Monday closing prices as well. Here are the charts. The CME’s Daily Delivery Report showed that zero gold and six silver contracts were posted for delivery on Friday. The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD yesterday, but I’m happy to report that an authorized participant added 2,408,695 troy ounces of silver to SLV, and it’s probably owed a lot more. There was a tiny sales report from the U.S. Mint yesterday. They sold 500 ounces of gold eagles and 500 one-ounce 24K gold buffaloes. Over at the Comex-approved depositories on Tuesday, they reported receiving 32,150 troy ounces of gold, which is precisely 1.000 tonnes of the stuff. All of it went into JPMorgan’s warehouse. Only 199 troy ounces were reported shipped out. The link to that activity is here. As usual, the big movement was in silver. These same depositories reported receiving 839,438 troy ounces, and shipped 35,636 ounces out the door. Of the amount received, JPMorgan took in 539,048 troy ounces. The link to that action is here. I received an update from Switzerland’s Zürcher Kantonalbank about an hour before I hit the send button today’s column. They updated their gold and silver ETFs as of the close of business on Friday, October 18. During that reporting week, they added a smallish 6,006 troy ounces to their gold ETF, but 216,310 troy ounces were removed from their silver ETF. Just as point of interest, JPMorgan Chase is now the second largest holder of physical silver within the Comex-approved warehouse system. As of Tuesday, they held 38,147,044 troy ounces of the stuff. Only HSBC USA holds more. They have 46,566,359 troy ounces. Canada’s Bank of Nova Scotia [Scotia Mocatta], the other big silver short on the Comex, holds 21,082,648 troy ounces of the stuff. It’s my opinion that these banking entities shown above represent three of the “Big 4” Commercial traders holding short positions in the Comex futures market in silver, with JPMorgan’s short-side corner by far the largest position of the three. And another point of interest: On May 1, 2011 which was the day of the drive-by shooting in silver that we remember all too well, JPMorgan Chase had zero ounces of silver stored on the Comex. They began accumulating the metal immediately after that event. That can’t be a coincidence. Here’s the chart courtesy of Nick Laird over at sharelynx.com. The silver shares followed almost the same price path as the gold stocks, but gave up all of Tuesday’s gains and a lot more by the time trading ended on Wednesday. Nick Laird’s Intraday Silver Sentiment Index closed down 3.79%. Here’s the New York Spot Gold [Bid] chart on its own. Despite the low volume, you can tell from the sawtooth price pattern, there was an active seller capping every rally attempt, no matter how tiny. The gold stocks opened down about a percent, but then rallied back to just above unchanged. That state of affairs lasted until 11:45 a.m. EDT. At that point the gold price had reached its New York high, and had begun to fade. The gold stocks faded even faster, and by the close of trading, the HUI had given up a large percentage of Tuesday’s gains, as it finished down 2.98%. Based on this chart, I would guess that a rally, technical or otherwise, is in the cards in the not-too-distant future. Hopefully this will favourably impact the precious metal prices as well. We’ll find out soon enough, I would think. In Far East trading on their Thursday, gold and silver prices chopped around until 2 p.m. Hong Kong time, and then rallied into the London open, which is four minutes away as I write this paragraph. All four precious metals are trading above their Wednesday closes in New York at the moment, and it only remains to be seen if they survive the usual sell-off by the short sellers of last resort at the London open. Volumes are pretty light, and virtually all of it is of the HFT variety in both metals. The dollar index, which hadn’t been doing much all day in the Far East, took a bit of a dive around 1:45 p.m. in Hong Kong, and is currently sitting at the 79.10 mark. And as I hit the send button on today’s efforts at 5:15 a.m. EDT, I note that the tiny rallies I spoke of in the last paragraph got sold off moments after London opened. Volumes in both silver and gold blew out by about 50 percent in less than an hour, so it was obvious that the HFT boyz were on duty, just as I suspected they would be. The dollar index is back to unchanged. I’ll be very much interested in the price action of both metals at the London a.m. gold fix, the noon silver fix, and the Comex open later this morning. Once again Casey Research is offering its Casey OnePass subscription service. The deal includes subscriptions to nine of CR’s subscriptions all rolled into one [very] cheap price. If you have any interest, you find out more by clicking here, and it doesn’t cost a thing to check it out. Naturally, Casey Research’s 90-day risk-free policy applies in full. That’s all I have for today, and I’ll see you here on Friday; or Saturday if you live west of the International Date Line. Drilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold Mineralization Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes. Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.” Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained. Please visit our website for more information about the project.
Recommended Links – Jim Rickards’ Breaking Video Goes Too Far Inside, he exposes the next major attack against the U.S. dollar. But here’s the scariest part… According to Jim, this new surprise attack will come from one of America’s sworn allies. If you can stomach it, I strongly urge you to watch immediately. Click here to watch Jim Rickards’ controversial presentation. • Nick says the crisis in Brazil is far from over… Here’s Nick. The fallout from Brazil’s Enron-type scandal continues. It could lead to the ouster of Dilma Rousseff, the country’s left-leaning president. Whenever it looks like Rousseff is going to be impeached, foreign investors buy Brazilian stocks. The opposite happens when it looks like she’ll stay in office. Right now, it looks like she could get the boot. That has helped Brazilian stocks soar this year. Still, Nick says don’t be fooled by this year’s rally. According to Bloomberg, the only buyers of Brazilian equities in March were foreigners. Local investors have been selling. As far as I can tell, foreign investors are buying on the notion that a new government will magically make things better. I don’t see this happening. Brazil’s economy is shrinking. Unemployment and inflation are rapidly rising. Credit rating agencies have downgraded the country’s sovereign debt to junk status. This will make it more expensive for Brazil to borrow money. It could trigger another leg down in Brazilian stocks. Nick says it will get worse. Brazil’s currency is still down 38% since July 2014. But it could go much lower. Brazil has completely destroyed its currency five times in the past 75 years. That’s one currency collapse every 15 years. The last one occurred in 1994. Brazil is due for another currency crisis. Replacing one corrupt government with another is not going to fix these problems. The worst is yet to come in Brazil. It’s shaping up to be a lovely train wreck. Nick is waiting for Brazil’s crisis to become the front-page story on first-world newspapers. That will get Wall Street to say “sell anything Brazilian.” And that should give us the opportunity to buy Brazilian stocks at the best prices in decades. Nick will let his readers know when it’s time to buy. You can get in on this opportunity by taking a risk-free trial to Crisis Investing. When you do, you’ll also learn about the world-class Brazilian company on Nick’s radar. Click here to learn more. • A FINAL reminder: Mark Ford’s offer closes today… Our friend Mark Ford is a multimillionaire author, serial entrepreneur, publisher, and real estate investor. He has founded, co-founded, and worked with dozens of businesses—including one now worth more than half a billion dollars. Mark has put together a special program to share his wealth-building secrets. It’s much more than investment strategies…or even wealth-building ideas. It’s a blueprint for building a steady stream of cash that will last a lifetime. Don’t wait, though, because this offer ends tonight. Click here to secure your spot, risk-free. Chart of the Day Gold stocks have never been cheaper… Today’s chart shows the ratio of the Gold Bugs Index (HUI), a major gold miner index, relative to the price of gold. The lower the ratio, the cheaper gold-mining stocks are compared to the price of gold. Gold stocks are leveraged to the price of gold. This year, a 15% rise in the price of gold has caused the Gold Bugs Index to jump 62%. Still, gold miners have a lot of “catching up” to do. The HUI/gold price ratio is coming off all-time lows. It’s 58% below its historic average. As we’ve been writing, gold stocks have HUGE upside today. If this ratio were to simply return to its historical average, gold stocks would have to rise 136%. And that’s before accounting for any increase in the price of gold. Of course, regular readers know we think gold is headed much higher. Casey Research founder Doug Casey thinks gold will at least triple in value over the next few years. Doug says this will spark a gold bull market for the ages. During the 2000–2003 rally, gold stocks surged 602%. Doug expects the best gold stocks to go much higher than that. We’re talking gains of more than 10x. Those kinds of returns may sound unbelievable…but they’ve happened before. Click here to learn how you can take advantage of this incredible opportunity. Tell us where to send your silver… We’re holding a package for you… Inside this package, there’s a cigar cutter, a whiskey glass, a book, and 3 silver coins. Here’s how to claim your package. The U.S. dollar just closed its worst quarter in five years. The dollar is the world’s most important currency. Every major financial institution and central bank in the world holds dollars. The dollar makes up 64% of all global currency “reserves,” or currency held by central banks. Because of its huge importance, small moves in the U.S. dollar can have an outsized effect on asset prices around the world. Think of it like the “butterfly effect,” an idea in science that a butterfly flapping its wings could theoretically alter the path of a hurricane. Last quarter, the U.S. dollar index fell 4.2%, its worst quarter since 2010. This created major ripples around the world… • Commodities staged a big rally… Lumber has jumped 17% this year. Gold has jumped 15% and is coming off its best quarter in thirty years. Silver is up 9%. This is a major shift for commodities. They’ve been in a bear market for the last five years. The Bloomberg Commodity Index, which tracks 22 different commodities, crashed 55% from April 2011 to December 2015. Most commodities investors “think” in dollars. When you look up the price of soybeans or gold, the price is listed in dollars. When the dollar loses value, it takes more dollars to buy a bushel of soybeans or an ounce of gold. That’s why a weak dollar is good for commodities. • The weakening dollar also caused a rally in emerging market stocks… Emerging markets are countries on their way to becoming “developed” like the U.S. and Germany. Brazil, Russia, and China are examples of major emerging markets. The iShares MSCI Emerging Markets ETF (EEM), which tracks over 800 emerging market stocks, has surged 20% since January. It’s up 6% this year. For comparison, the S&P 500 has gained just 1.4%. The market value of emerging market stocks jumped $1.8 trillion last month. That’s the largest one-month gain since 2007. • Many emerging markets depend on commodities… Countries like Brazil, Russia, Venezuela, and Saudi Arabia export far more commodities than they import. When commodity prices fall, they earn less money for everything they sell. Years of falling commodity prices slammed emerging market stocks. EEM fell 36% from April 2011 through December 2015. With commodity prices on the rise, many emerging market stocks are now rallying. • Brazil is this year’s top-performing stock market… The São Paulo Bovespa, Brazil’s main stock index, is up 16.6% this year. Regular Dispatch readers may find that surprising. For the past couple months, we’ve been telling you that Brazil is having its worst economic crisis since the Great Depression… Brazil’s economy shrank 3.8% last year, the biggest decline in 25 years. Unemployment has surged 7.9% to a six-year high. Inflation is above 10% for the first time in twelve years. Brazil’s socialist president, Dilma Rousseff, hasn’t helped matters. She’s taken the country from a 2.3% government surplus in 2011 to a 10.3% deficit last year. And now, millions of Brazilians are protesting in the streets because of a massive political scandal. In short, Rousseff appears to have been involved in a giant money laundering scheme with Brazil’s state-owned oil company, Petrobras. • Nick Giambruno, editor of Crisis Investing, has been closely following the crisis in Brazil… Most folks see Brazilian stocks down 30% in the last five years and run the other direction. Nick sees crisis as an opportunity. When everyone is selling, he looks to buy. This strategy often allows Nick to buy a dollar’s worth of assets for less than a dime. Nick calls buying during a crisis “one of the world’s great wealth secrets.” In 2013, the tiny European island of Cyprus had a devastating banking crisis. Its stock market crashed 99%. Nick recommended buying several absurdly cheap stocks. His readers made gains of 97%, 172%, and 214% in less than two years. Nick’s been waiting for a similar opportunity in Brazil. Given the recent rally in Brazilian stocks, we asked Nick if investors missed their chance to invest in Brazil at its cheapest. Regards, Justin Spittler Delray Beach, Florida April 4, 2016 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. —
— Move over big pharma… here comes BIG MARIJUANALast year, Constellation Brands, the $42 billion company behind Corona beer and Svedka Vodka, invested $2 billion into a medical marijuana company… Tobacco industry giant Philip Morris bought a patent for cannabis… and Pharma giant Sandoz Canada has already partnered with pot growers. These companies have the money and power to buy up and partner with existing pot companies – giving you the opportunity to become a marijuana millionaire as pot becomes mainstream. Click here for details. 20 Federal Banks Ditching Greenbacks for “Reagan Dollars?” Before Reagan left office, he never had a chance to implement his boldest idea. Today, it has resurfaced, and it’s about to make some Americans very rich. Click here for details. — The first step was relocating to Colorado, one of the first states to legalize medical marijuana. Then they had to convince two doctors to prescribe it. (The state required two doctors to sign off on marijuana prescriptions for children.)Both doctors were reluctant. But they knew Charlotte was on the brink of death. So they gave it a shot.Prescription in hand, Charlotte’s parents still needed to find a special strain of cannabis—one with low amounts of THC (the compound that gets people high), but a high amount of CBD (cannabidiol).CBD has medicinal properties but no intoxicating effects. Doctors think it can help stabilize chemical and electrical activity in the brain, producing an anticonvulsant effect.Eventually, Charlotte’s parents found growers who could help. After years of crossbreeding a strain of marijuana with industrial hemp, they had developed a strain with less THC and more CBD than typical varieties of marijuana.The next step was extracting the oil from the dried cannabis flowers. Then they could give the cannabis oil to Charlotte.The results were shocking. On the first day of treatment, she didn’t have any seizures. None. Normally, she would have had over 40.Using the cannabis oil, Charlotte went a week without seizures. Without it, she normally would have had over 300.It didn’t take long for Charlotte to start eating again… then feeding herself… then talking and walking. Within a year of starting CBD treatments, Charlotte learned how to ride a bike.Charlotte has continued to take CBD treatments daily. Now, six years later, she lives a mostly normal life.The marijuana growers that grew the high-CBD, low-THC strain of cannabis for Charlotte named it “Charlotte’s Web.”Charlotte’s story has helped pave the way for countless other children and adults suffering from seizures. It was featured on CNN.It’s also helped galvanize national support for cannabis legalization. Justin’s note: Regular readers know that the legal marijuana industry is creating a massive money-making opportunity today—and there’s one specific industry set to soar from here…In fact, as Crisis Investing editor Nick Giambruno says, “this market is currently worth around $140 million. But it could easily skyrocket to over $1 billion within the next three years.”Here’s Nick with more…By Nick Giambruno, editor, Crisis Investing“We’ve seen her flatline in the hospital and say goodbye… I don’t think she’s going to survive this.”These are the words of Charlotte Figi’s father, recalling what it was like to see his five-year-old daughter’s heart stop beating.At the time, Charlotte was having over 40 seizures a day. The seizures reduced her to a vegetative state and pushed her near death.A few years earlier, Charlotte had been diagnosed with Dravet syndrome. It’s a rare form of severe epilepsy with no known cure. It lasts a lifetime and often kills young children.Charlotte’s parents had tried everything to help their daughter. They made lifestyle changes. They gave her powerful prescription drugs. But traditional drugs only made the situation worse.At one point, Charlotte could no longer walk or talk. Eventually, she couldn’t even eat. Doctors said the only option was to put her in a medically induced coma.Desperate, her father researched alternative treatments. Eventually, he discovered a video about another family with a young child suffering from seizures. Medical marijuana was the one thing that worked for them.Initially, Charlotte’s parents thought medical marijuana was impractical because of its complicated legal situation. Nevertheless, they decided to pursue it. They’d already exhausted every other option. Recommended Link Recommended Link Promising New CBD ResearchSo far, 30 states have legalized medical marijuana. Nine have also legalized recreational use.But marijuana is still illegal at the federal level. For the time being, the US federal government classifies it as a Schedule I drug. Heroin and LSD are in the same category.Marijuana’s Schedule I status means the feds believe it has “no accepted medical use.” That’s about as absurd as saying the Earth is flat. But this has been their official view for decades.This is why it’s been so difficult to study marijuana’s medicinal properties, despite its obvious health benefits. But that’s finally starting to change.According to three clinical studies—two published in The New England Journal of Medicine and one in The Lancet—CBD was found to significantly reduce seizures.And in June, the Food and Drug Administration (FDA) finally approved its first prescription CBD medicine to treat epilepsy… nearly five years after CNN aired Charlotte’s story.There’s good reason to think CBD has a wider range of medicinal benefits. It’s already been used to help treat conditions like Parkinson’s disease, glaucoma, migraines, cancer, and arthritis, among others.CBD is also thought to have therapeutic benefits. It can help with immunosuppression, neuroprotection, and appetite and bone-growth stimulation.Because of its many applications, the market for CBD consumer products and pharmaceuticals is enormous.Market research suggests that the US CBD market is currently worth around $140 million.But it could easily skyrocket to over $1 billion within the next three years.As impressive as that sounds, I think it’s probably conservative. Sales of Epidiolex, the CBD drug that the FDA recently approved, are expected to reach $1.3 billion over a similar time frame. And that’s just one drug.Trump Likely to Sign Hemp BillIn the past couple of months, federal cannabis prohibition has started to erode at an unprecedented pace.Shortly after the FDA approved Epidiolex, the Drug Enforcement Administration (DEA) confirmed that some sort of rescheduling of cannabis could be imminent. This has to happen before US patients can actually get Epidiolex.The public affairs officer for the DEA recently told the media: “We don’t have a choice […] It absolutely has to become Schedule II or III.” I expect this to happen before October.There’s also been another huge development recently, one that I’m particularly excited about. I think it could totally transform the US CBD market.Earlier this year, US Senate Majority Leader Mitch McConnell—the most powerful Republican on Capitol Hill—introduced a bipartisan bill to legalize industrial hemp nationwide.(Recall that “Charlotte’s Web” is a crossbreed of marijuana and industrial hemp, used for its rich CBD content.)The bill passed the Senate in late June in a landslide 86-11 vote. It still needs to pass the House—and Trump needs to sign it—before it becomes law. Both are likely to happen within a matter of weeks.I expect legalized hemp to be the next domino to fall on the path to full federal legalization of cannabis.Big Tobacco is already on board. Alliance One International—a large tobacco firm—recently bought a 40% stake in a hemp producer for $10 million. Alliance One said it made the move to become a major producer of CBD.This of course, is just the beginning. Once hemp is legal at the federal level, I expect the CBD oil market to explode.The Hemp-Marijuana DivideAs you may know, hemp and marijuana are the same plant species, Cannabis sativa. However, they are separate strains with distinct compositions and uses.Hemp has negligible concentrations of THC. It’s pretty much impossible to get high from it. It also has a higher CBD content than marijuana. This is why it’s particularly useful for producing CBD oil.Industrial hemp fibers are also exceptionally strong. This gives the plant a wide variety of uses.Americans already buy over $700 million in retail products that contain hemp every year. You can see the breakdown in the graph below.Bear in mind, the Controlled Substances Act makes certain parts of any cannabis plant—regardless of its THC content—an illegal Schedule I substance. This includes hemp.However, certain components of the cannabis plant, like the mature stalks, aren’t considered illegal. But you can’t grow the legal parts without also growing the illegal parts.Hemp products sold in the US are all produced abroad—mainly in China and Canada. Then US companies import the legal components for various uses.However, that’s all likely to change very soon…If McConnell’s hemp legalization bill becomes law, it would open the floodgates for hemp production, as well CBD oil extraction, on a massive industrial scale in the US.I think the US CBD market could easily grow 10 times larger in the years ahead.Shares of select publicly traded companies in the CBD industry could surge even higher.This is presenting investors with another new, huge opportunity to profit from the legal cannabis megatrend. The time to position yourself is now.Regards,Nick Giambruno Editor, Crisis InvestingP.S. I just released a brand-new video presentation that reveals another big reason to invest in the marijuana sector today—one that you won’t hear about anywhere else.You see, until now, 99% of the largest hedge funds and banks wouldn’t touch pot. That’s about to change… The “Trillion Dollar Mainstream Marijuana Takeover” begins as soon as November 6.And well-positioned investors could see gains of 7,500%… 9,329%… even 12,547% if these companies get taken over. Click here to learn more about this rare opportunity.Reader MailbagLet us know what you thought of today’s essay—and your thoughts on investing in CBD companies as a way to play the marijuana boom—here.In Case You Missed It…In 2008, taxpayer funds were abused by the bank bailout. Now Bill S.2155 opens the door to dispersal of “compensation funds” to anyone who claims them.Anyone can receive this money. Some people are paid $8,979… $9,587… and $15,111 on a regular basis. Discover how you can receive this income, too…
By WVUA 23 Student Reporter Deidre Hall and WVUA 23 Web Writer Christina AusleyAfter years of empowering marches, emotional celebrations and close community, First African Baptist Church celebrated its 151st birthday this past Sunday, Nov. 12. Members could be heard singing and clapping as they rejoiced in another year of strength and progress.It all began in 1866 with just 144 dedicated members, led by church founder Rev. Prince Murrell. The church has repeatedly been a part of Tuscaloosa’s most historical moments, once used as one of the headquarters for the Civil Rights Movement in West Alabama.Nestled on the corner of Stillman Boulevard and T. Y. Rogers Avenue, First African Baptist Church remains one of Tuscaloosa’s oldest African American churches. Dipped in rich history, church members continuously reflect upon the strides they have made as a church and population.“And we went through many marches, like marching here with Dr. Martin Luther King,” said Betty Lawson, who has attended the church for more than 50 years. “We did that. He was placed in one of the jails here in Tuscaloosa. Many other people joined us for civil rights here in the town not just for the freedom of ourselves, but for opportunities nonetheless.”Throughout the Civil Rights Movement, Pastor T. Y. Rogers led in desegregating the Tuscaloosa area. Despite the clash of church members and police on what is formerly known as Bloody Tuesday, Lawson said the church’s heavy involvement with the community has been worth every second of battle.“The blood that we shed, the inconvenience that went on and on and on,” Lawson said. “Through it all, it was for the benefit of humanity.”
Community organizations and stakeholders in Guilford County are collaborating to provide an integrated mental health center which will address physical, mental, and substance abuse issues. The partnership is called Guilford County Behavioral Health Crisis Collaborative, and it involves Cone Health, Guilford County Commissioners, and Sandhills Center.The plan is to build a mental health urgent care center and two 16-bed crisis centers, one for adults and one for adolescents and children.Debbie Cunningham, president of Women’s Hospital and Behavioral Health Hospital with Cone Health says many mental health patients currently end up in a hospital emergency room, which can exacerbate a crisis. The new center aims to get help to these people more quickly.“We’ll be staffed there with psychiatrists, psychiatric nurse practitioners, psychiatric nurses, and social workers who can take care of the patient immediately in a very calm, and kind, and holistic manner,” she says.A site has been chosen and now partners are working to design the facilities. Cunningham says the goal is to open within 24 months.
Ministers have been accused of “absurdity and obfuscation” after refusing to explain why they do not publish statistics showing the number of assessments carried out on disabled people applying for their new disability benefit.The Department for Work and Pensions (DWP) publishes extensive data about the work capability assessment, which tests eligibility for the out-of-work disability benefit employment and support allowance (ESA).But there are no equivalent statistics on assessments for personal independence payment (PIP), the extra-costs disability benefit that is gradually replacing working-age disability living allowance (DLA).Penny Mordaunt, the minister for disabled people, made the admission in response to a written question from SNP MP Kirsten Oswald, who asked her how many such assessments the department had carried out in the last two years.Mordaunt told her that DWP “does not record the information you have requested on… medical assessments for personal independence payment”.But she failed to tell the MP that the outsourcing companies that carry out the assessments on DWP’s behalf, Capita and Atos, do collect this data and that they share it with DWP.A Capita spokesman told Disability News Service (DNS) yesterday (Wednesday) that he did not know why DWP would not publish the statistics.He said: “We do share that information with them and it is their decision about how they use it.“We have no control over that.”Atos refused to answer questions from DNS about the statistics.A spokeswoman for Mordaunt (pictured) had told DNS earlier: “The department does not publish data on the number of PIP assessments that have been completed. “Both Capita and Atos record information on the number of assessments completed.”She declined to say why DWP does not publish this data, and whether it thought it was an issue it should address.And she made it clear that DWP would answer no further questions on the subject other than through freedom of information requests.DWP publishes PIP statistics that show the overall number of claimants currently receiving PIP, and what percentage of them receive the various levels of award, how long it takes to deal with claims, and the number and proportion of claimants who appeal against their award.But there are no figures showing the results of people’s initial PIP assessments, or even how many assessments are taking place every month.There are also no DWP figures to show how many people have to rely on appeals to secure their PIP, or how many claimants attend face-to-face assessments – rather than DWP relying on “paper” assessments – or the proportion of face-to-face assessments taking place in people’s homes rather than in assessment centres. In answer to another question from Oswald, Mordaunt told her that information on the number of home assessments completed – both for PIP and for ESA, by the contractor Maximus – was “not readily available and to provide it would incur disproportionate cost”.The lack of detailed PIP data published by DWP means it is impossible to compare the performance of Atos and Capita, which between them carry out all face-to-face assessments.Bob Ellard, a member of the steering group of Disabled People Against Cuts, which spotted Mordaunt’s parliamentary answer, said: “More absurdity and obfuscation from the DWP.“Firstly Mordaunt claims that the DWP don’t record statistics on the number of PIP assessments.“Then [when asked why], they say they don’t publish it.“If pushed further they in all likeliness would claim that ‘we had it but the dog ate it’.“While the desperate attempts to hide information by the DWP are laughable, they are also very serious.“People’s lives are being wrecked by the catastrophically bad PIP process.“People who are subject to these degrading and inhuman PIP assessments are having their funding cut and Motability vehicles taken away on the basis of flawed and badly-performed PIP assessments.“The PIP process is causing genuine harm and mental distress to tens of thousands of people all over the country and all the DWP can do is play silly games at trying to dodge publishing the most basic information that might begin to shed a light on just how bad things are.”Welfare rights expert Nick Dilworth said he could see “absolutely no reason” why DWP could not publish the same kind of statistics on PIP – using data from Atos and Capita – that it does on the work capability assessment, the eligibility test for ESA.He said: “There’s a reason they won’t publish the data: it’s either connected with them being unable to retrieve it via their chaotic regime or they have something to hide.“My guess is it is a combination of both.” He added: “It beggars belief that the DWP is continually promoting a digital era upon which the claimant is expected to fully engage, yet when it comes to transparency of data the department still seems stuck on outdated Excel spreadsheets which they battle to share.“It’s hardly confidence-building when we are asked to have faith in a roll-out of the all-digital universal credit.”The latest PIP statistics were published yesterday (14 December).The new figures show that by the end of October, 526,500 former DLA claimants had had their reassessments completed, with 23 per cent of them receiving a cut to their benefit, and another quarter (25 per cent) losing entitlement completely.Two-fifths (40 per cent) of those reassessed saw their awards increased in the move from DLA to PIP.The figures also reveal that the new mandatory reconsideration stage that all those disagreeing with their PIP decision need to go through before they can appeal to a tribunal resulted in less than one in five decisions being altered by DWP.Ken Butler, Disability Rights UK’s welfare rights adviser, said: “When compared to the success rate of PIP appeals [65 per cent of those who appealed to tribunals were successful, according to September 2016 figures], the figures for rejected PIP mandatory reconsiderations are a disgrace.“PIP has now been in operation for over three years – surely enough time for the DWP to have put in place an assessment process that gets most decisions right first time.“Instead, many disabled people are having their right to a disability benefit withheld due to poor face to face assessments and further evidence then supplied effectively ignored in favour of Atos and Capita medical reports.“We would hope that the second independent review of PIP will report early in the new year and recommend root and branch changes to the assessment process.“In the meantime, we would urge all disabled people who are rejected at the mandatory reconsideration stage to seek advice about making an appeal to an independent tribunal.”
Add to Queue Elon Musk on Friday seemingly revealed what would be part of the first ever Falcon Heavy launch payload: Tesla’s red Roadster.Falcon Heavy to launch next month from Apollo 11 pad at the Cape. Will have double thrust of next largest rocket. Guaranteed to be exciting, one way or another.— Elon Musk (@elonmusk) December 2, 2017Payload will be my midnight cherry Tesla Roadster playing Space Oddity. Destination is Mars orbit. Will be in deep space for a billion years or so if it doesn’t blow up on ascent.— Elon Musk (@elonmusk) December 2, 2017Related: It Was Fun for a While, But Elon Musk Denies Theory He Created BitcoinThe founder and CEO of Tesla and SpaceX said on Twitter in replies to fans that there were a handful of reasons for wanting to send that particular vehicle. “Red car for a red planet,” and “I love the thought of a car drifting apparently endlessly through space and perhaps being discovered by an alien race millions of years in the future.”But when The Verge reported about the plan, the publication says that it was contacted via Twitter direct message by Musk, who said that he “totally made it up.”However, it seems that there actually might be some truth to the “joke.” We’ll just have to find out in January. The Falcon Heavy launch will be a significant milestone for SpaceX, as it is the rocket the company intends to use for missions to the Moon and Mars. It’s not entirely clear whether he’s kidding or not. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Next Article Image credit: Vince Bucci | Getty Images 2 min read Entrepreneur Staff Enroll Now for $5 December 4, 2017 Nina Zipkin Staff Writer. Covers leadership, media, technology and culture. Elon Musk –shares Elon Musk May Be Sending a Tesla Roadster to Space on a SpaceX Rocket
Uber and Competitor Launch Motorcycle Services in India on the Same Day. This Should Be Interesting. The only list that measures privately-held company performance across multiple dimensions—not just revenue. Add to Queue –shares This story originally appeared on Reuters Next Article Image credit: Komar | Shutterstock.com 2019 Entrepreneur 360 List 1 min read Uber Technologies Inc. and Ola launched rival motorcycle-hailing services in Bengaluru on Thursday, as the competitors go head-to-head to target commuters tired of sitting in their cars in traffic.Two-wheelers are the most popular form of transport in many of India’s traffic-clogged cities, but schemes to rent a bike and driver by the kilometer are rare.Uber, which is investing heavily to compete against local ride-hailing services across Asia, including Ola in India, is piloting “uberMOTO” as a project developed specifically for cities in emerging markets.Last week it announced its first motorcycle scheme, choosing Thailand’s capital Bangkok, where it will compete with GrabTaxi, which already lets users book motorcycle taxis in some South East Asian countries.Ola, also based in Bengaluru, formerly Bangalore, and backed by Japan’s Softbank Group, said its “Bike Taxis” would help customers zip through traffic.India is one of the world’s largest markets for two-wheelers.(Reporting by Tommy Wilkes; Editing by Biju Dwarakanath) Reuters March 3, 2016 Uber Apply Now »
SurveyMonkey Hires Autodesk Executive Debbie Clifford as Its New Chief Financial Officer PRNewswireJune 4, 2019, 4:46 pmJune 4, 2019 AutodeskDebbie Cliffordglobal survey softwareMarketing TechnologyNewsSaaS transformationSurveyMonkey Previous ArticleUniserve Announces the Appointment of Owen Morley as Chief Technology OfficerNext ArticleSnapLogic Announces Strategic Partnership with Solita in the Nordics Clifford Brings Nearly 20 Years of Operational Finance Experience and Leadership in SAAS Business Model TransformationSurveyMonkey, a leading global survey software company, announced that Debbie Clifford will join its leadership team on July 8 as chief financial officer. In her new role, Clifford will oversee all aspects of finance including financial strategy, planning and analysis, accounting, tax, treasury, and investor relations, in addition to strategic planning and corporate development. With the addition of Clifford, the majority of SurveyMonkey’s executive team members will be women.Clifford spent the past 13 years in several finance positions at design software company Autodesk, which generates $2.5B+ in annual revenue across its more than 9,000-employee organization. Most recently serving as vice president of financial planning and analysis, Clifford led the finance effort at Autodesk during its strategic business model transformation into the healthy growing, highly profitable large cap business it is today. She was also actively involved in strategic acquisitions and investor relations. Prior to Autodesk, she held positions at Virage, Inc. and Ernst & Young.Marketing Technology News: Pixability Hires Ex-Google Executive Chris Woods as Chief Revenue Officer“Debbie is a highly respected finance executive whose leadership and operational rigor will be critical as we accelerate our enterprise and international expansion efforts,” said Zander Lurie, chief executive officer at SurveyMonkey. “As one of the key architects of Autodesk’s SaaS transformation, Debbie’s experience and skillset will complement our seasoned executive team as we deepen our relationships with thousands of enterprise customers with new products and growth strategies.”“I’m delighted to join the team at SurveyMonkey, a company focused on helping organizations turn feedback into actionable insights,” said Clifford. “This is an exciting time as the company capitalizes on its massive footprint to accelerate growth, and I look forward to working with this smart, diverse team to ensure strong financial execution that creates value for customers, employees and shareholders.”Marketing Technology News: Aware Ads Announces Strategic Acquisition of the Assets of AppThisClifford serves on the boards of Harmonic, a video technology and services company, and GeoHazards International, a disaster prevention organization. She holds a Bachelor of Arts in Political Science from the University of California Los Angeles, and a Masters in Business Administration from Stanford Graduate School of Business.Marketing Technology News: Okta Drives Modern Identity Solutions for Major League Baseball’s Millions of Fans and Zoom’s Fast-Growing Workforce
Rahul Gandhi – AP SHARE COMMENT COMMENTS Rajnath Singh says Congress is to be blamed; touts PM’s sops for farm sector Speaking for the first time in the Lok Sabha after his party’s resounding defeat in the general election, Congress leader Rahul Gandhi raised the issue of farmers’ suicide and said the government seems to consider farmers “inferior” to businessmen who have been given concessions and loan waivers worth lakhs of crores. Senior BJP leader and Union Minister Rajnath Singh countered blaming the long years of Congress’ rule for the plight of farmers. He asserted that no Prime Minister has worked as hard as Narendra Modi for farmers’ welfare.Taking up the issue in the Zero Hour, Gandhi in his brief speech mostly focused on Kerala and made specific mention of problems faced by farmers in Wayanad, from where he has been elected to the Lok Sabha.No relief has been given to farmers by the government, he said, claiming that businessmen have been granted concessions of ₹3 lakh crore and loan waivers of ₹5 lakh crore.He asked why the government thinks farmers are ‘inferior’ to rich businessmen.Rajnath hits backIn his reply, the Defence Minister said the government’s move to give ₹6,000 to farmers will lead to an increase in their income by 20-25 per cent and claimed that more farmers committed suicide before the BJP-led dispensation came to power.“It is not that the condition of farmers deteriorated in the last one, two or four years. Those who have ruled the country for a long time are responsible. The amount of increase in minimum support price (MSP) that our Prime Minister has effected has not been done by anybody in independent India’s history,” he said.Gandhi said farmers are suffering throughout the country and are in a terrible condition in Kerala, and added that one farmer ended his life in Wayanad.Farmers have been facing threats of immediate eviction from their properties, he said, as banks from which they had taken loans have begun recovery process.Eighteen farmers in Kerala have committed suicide due to this, he added.Modi had made a lot of promises to farmers and the government should fulfil them, Gandhi said. Lok Sabha agriculture Published on SHARE SHARE EMAIL July 11, 2019 politics