Russia continued their dream run at the FIFA World Cup 2018 as they beat Spain 4-3 on penalties to qualify for the quarter-finals on Sunday night in Moscow.The lowest-ranked team in the competition managed to stun the 2010 world champions, who are ranked 10 currently after holding them to a 1-1 draw in regulation time and then edging them 4-3 via penalties.Russia’s Igor Akinfeev, who was also adjudged the man-of-the-match, saved penalties from Koke and Iago Aspas to take the hosts into the quarters where they will face Croatia, who also won on penalties against Denmark a few hours later in Novgorod.World Cup 2018: On night of penalty shootouts, goalkeepers turn superheroesThe host nation has been exceeding all expectations in this edition and has emerged as the team with the most goals (9) in the competition so far along with Belgium.As Akinfeev made the final save with his left foot to stop Aspas’ spot kick, massive celebrations took place in and outside the stadium in Moscow as the fans partied till the wee hours of the night.World Cup 2018: David De Gea trolled mercilessly after Spain crash outRussia had already defied expectations by reaching the World Cup last 16 for the first time since the collapse of the Soviet Union but after victory over Spain fans now believe the tournament’s lowest-ranked team could go all the way. World Cup 2018: Russian supporters celebrate the victory against Spain in the city centre in Moscow (Reuters Photo)”This is unreal, no-one thought it could happen. And now people are starting to believe,” said Yulia Gordinskaya who had Russian flags painted on her cheeks.advertisementAndres Iniesta announces Spain retirement after World Cup 2018 exit”Of course we can win the World Cup! We just need a bit of luck,” she said after the game.Street celebrations broke out almost immediately on a central Moscow square where a band erupted in a rendition of the Russian anthem as passing cars tooted their horns and men staggered out of a nearby bar waving Russian flags.Lowest ranked team of World Cup 2018 shocks former world championsAs darkness fell on the capital, fans leant out of car windows waving flags as crowds danced in the street in front of traffic policemen. Reuters Photo”This is a great victory for us, for the whole country, the soul of the country,” Mikhail Sitner, 34, from Moscow, said.World Cup 2018: Sergio Ramos and Spain heartbroken after knockout dramaWith celebrations in full swing, Kremlin spokesman Dmitry Peskov said President Vladimir Putin, who did not attend the game, had watched it remotely from start to finish and called manager Stanislav Cherchesov to congratulate him.The unexpected success of the national team has been a political boon for Putin but the Russian president has attended only Russia’s opening World Cup match.World Cup 2018: Spain falter against another host nationPrime Minister Dmitry Medvedev, who attended Sunday’s game with his wife, posted a photograph of himself and Deputy Prime Minister Vitaly Mutko clapping and celebrating with Russia’s players. Russia’s Prime Minister Dmitry Medvedev (L) congratulates members of team Russia after the match (Reuters Photo)Igor Akinfeev was the name on fans’ lips in the capital after the Russian goalkeeper and captain saved two penalties in the 4-3 shootout, including Spain’s final effort which he stopped with a trailing foot.World Cup 2018: Russia’s heroic goalkeeper was hoping for penalty shootout”We cheered so hard. Igor Akinfeev is just a legend,” said Gleb Lonshakov, as his friend shouted “man of the match!”So low were Russia’s expectations going into the tournament that a satirical song mocking the team went viral online, garnering more than nine million views on YouTube.”Honestly, before the tournament I had very low expectations, everyone was just hoping to God that we would get out of the group stage. And then we drew Spain, I thought everything would end,” said Sitner.”This morning I was very nervous but now it is time to celebrate.”Sergei Galunenko, 51, a construction worker, went further: “This is the birth of our national team, that’s what this victory means for us.”(With Reuters inputs)
About the authorPaul VegasShare the loveHave your say El Hadji Diouf explains his constant criticism of Liverpoolby Paul Vegasa month agoSend to a friendShare the loveEl Hadji Diouf stands by his criticism of former club Liverpool.The 38-year-old keeps in touch with fellow Senegalese Sadio Mane, who has netted four times already this campaign.Diouf said: “I’ve never hidden the fact that Liverpool didn’t treat me right and that they cherished some players better than me, even though I’d arrived with a better profile.“Sometimes, reporters will never get what goes on in the club and in the dressing room.“Don’t get me wrong: the club is run very well now, based on what I hear from Sadio Mane, but I feel I was seen as an outsider back then.“The upsetting thing is that Real Madrid and Barcelona had offered me more money, but I really wanted to go to Liverpool – and it ended up being one of my worst experiences.”
avery johnson alabamaFormer NBA point guard and head coach Avery Johnson was recently hired to take over the reins of the Alabama basketball program, which has reached just one NCAA Tournament in the past nine seasons. Johnson has a tall task ahead of him, but he has lofty goals for his new squad, saying during his introductory press conference his program will try and live up to the standard set by Duke, the 2014-15 national champions. “Duke University, that’s the standard for us here at the University of Alabama and our basketball program,” Johnson said. “The way they play defense and offense. The way they move the ball, that’s the standard. Nobody else is the standard. That’s the standard. Duke University. That’s why I’m here.”If imitation is the most sincere form of flattery, it also makes for good publicity in this case. Judging by its Instagram post this morning, the Duke program is using Johnson’s quote to its marketing advantage.An obvious, but savvy move by Duke. We’re sure Johnson isn’t the only coach looking to get his program on the level of the Blue Devils but it’s easier said than done.
A New York Times report says Facebook gave some companies more extensive access to users’ personal data than it has previously revealed, letting them read private messages or see the names of friends without consent.The newspaper on Wednesday detailed special arrangements between Facebook and companies like Microsoft, Netflix and Spotify, in the latest revelations on how the social network shares user data.It says Facebook shared data with more than 150 companies through apps on its platform even if users disabled sharing.Facebook responded to the report in a blog post, which said the partnerships did allow features like “messaging integrations” but nearly all have been shut down over the past few months. None of the deals gave outside companies access to data without user consent, it said.The Associated Press
Kolkata: A one-of-its-kind exhibition by the teachers of Rabindra Bharati University titled “Propositions 2019″ will be inaugurated by Bidyut Chakraborty, Vice-Chancellor of Visva Bharati University, on March 19.The venue is Birla Academy of Art and Culture. Sabyasachi Basu Ray Chaudhury, Vice-Chancellor of Rabindra Bharati University will be present at the opening function. The exhibition is organised by the Faculty of Visual Arts, RBU. It is the only of its kind where the teachers will display their works. Also Read – Centuries-old Durga Pujas continue to be hit among revellers”Propositions 2019” will showcase paintings, drawings, print making of 16 teachers of the faculty of Visual Arts, RBU. The teachers whose works will be on display are Aditya Prasad Mitra, Surajit Chanda, Dolon Champa Ganguly, Sohini Dhar among others. Initially, only the department of painting constituted the faculty. In the early 1980s, the faulty branched itself to five departments. These are paintings, sculpture, graphics painting, applied art and the history of art. The exhibition will encourage the students to see the works of their teachers. It may be mentioned that the Japanese government has recently given Rs 22 lakh to refurbish the Japan gallery of Rabindra Bharati museum.
Madhepura: Accusing the BJP of not fulfilling any of its big promises made during the 2014 Lok Sabha polls, opposition leader Sharad Yadav Tuesday described the ruling party’s manifesto for the upcoming election as another “shower of promises” and asked people to reject the party. Yadav, who is contesting the election on RJD ticket from Madhepura in Bihar, said in a statement that in his long political career he has never seen such an atmosphere as he had seen in 2014 and now. Also Read – Uddhav bats for ‘Sena CM’ “I appeal to people to reject the BJP. It does not know as to how to rule the country. It has rather created an atmosphere of hatred across the country and is badly damaging the economy,” he said. He said the BJP had made promises like bringing back black money, giving Rs 15 lakh to each citizen, employment to two crore youth and cleaning Ganga river, and alleged that none of them was fulfilled. “In the manifesto of 2019 no mention has been made of non-fulfilment of these promises and it has now made 75 more promises,” he said, describing it as a “ridiculous”.
New Delhi: India cricketers Hardik Pandya and K L Rahul were on Saturday fined Rs 20 lakh each by the BCCI Ombudsman D K Jain for their sexist comments on a popular TV show. In the order published on the official BCCI website, Jain wrote that no further action will be taken against Pandya and Rahul, who have already served a provisional suspension and tendered an unconditional apology for their loose comments on women. Instead, he directed the World Cup bound players to play a fine of Rs 20 lakh each that included a payment of Rs 1 lakh each to “each of the most deserving widows of ten constables in para-military forces who have lost their lives while on duty, through ‘Bharat Ke Veer App”. Jain also instructed them to deposit Rs 10 lakh each in the fund “created by the Cricket Association for the blind”. All payments are to be made within four weeks from the date of the order — April 19, 2019. The Supreme Court-appointed Ombudsman had issued notices to Pandya and Rahul earlier this month to appear for deposition for their controversial comments on Koffee with Karan’. Pandya and Rahul were provisionally suspended by the Committee of Administrators (COA) for their remarks before the suspension was lifted pending an inquiry by the Ombudsman. Both players became subjects of nationwide criticism following their remarks on women. The controversial episode was aired in the first week of January, triggering outrage, which prompted the COA to call the duo back from the tour of Australia, handing them provisional suspensions. The two tendered unconditional apologies and their ban was provisionally lifted pending inquiry. Once Jain assumed his role, the COA handed over the matter to Ombudsman for the completion of inquiry. The two players have also spoken publicly on the incident, recalling one of the toughest phases of their respective careers.
Whatever is going on behind the scenes will become public knowledge when “da Boyz” deem it necessary Once gold began to trade in the Far East on their Wednesday, it didn’t take long before ten bucks got tacked onto the price…and another five spot was added later in the Hong Kong afternoon going into the 8:00 a.m. BST London open. Of course it got sold down after that, with the low in Europe coming about 12:30 p.m. in London…thirty minutes after the noon silver fix. The gold price rallied anew at the 8:20 a.m. Comex open, but that got cut off at the knees thirty minutes later. From there, gold got sold down to its New York low, which came minutes after 1:00 p.m. EDT. The subsequent rally lasted almost to the close of electronic trading…an event as rare as a blue moon. The high tick of the day came around 8:50 a.m. Eastern time…and Kitco recorded that as $1,435.30 spot. Gold closed on Wednesday at $1,431.50 spot…up $17.90 on the day. Surprisingly enough, gross volume was pretty light…at least comparatively speaking…at ‘only’ 152,000 contracts. It was pretty much the same price pattern for silver in Far East trading on Wednesday…with the high tick of the day coming at 3:00 p.m. Hong Kong time, which corresponded to the 8:00 a.m. London open. Like gold, it was all down hill from there, with the low of the day coming at a slightly earlier than normal London silver fix. The subsequent rally ran into a not-for-profit seller at the London p.m. gold fix…10:00 a.m. in New York. From there, silver got sold off until around 11:30 a.m. EDT…and more or less traded sideways from that point into the Comex close for silver, which is 1:25 p.m. in New York. Then away the price went to the upside until precisely 4:00 p.m. Eastern…and then it traded flat into the 5:15 p.m. electronic close. From its low to its high, silver traded in a price range of just over 50 cents. Silver closed yesterday at $23.16 spot…up 22 cents from Tuesday. Net volume, once all the roll-overs out of the May delivery month were subtracted, was a hair under 25,000 contracts….which wasn’t a lot. Sponsor Advertisement I have a few more stories than normal today, so I hope you can find the time to read them all, or feel free to edit ruthlessly. You choose. False is the idea of utility that sacrifices a thousand real advantages for one imaginary or trifling inconvenience; that would take fire from men because it burns, and water because one may drown in it; that has no remedy for evils except destruction. The laws that forbid the carrying of arms are laws of such a nature. They disarm only those who are neither inclined nor determined to commit crimes. — Cesare Beccaria, as quoted by Thomas Jefferson’s Commonplace Book The situation is so fluid in the precious metal markets at the moment that it’s hard to get a ‘big picture’ perspective. The only ones in the know would be the Big 3 bullion banks…and their associated partners-in-crime at the Fed, the Treasury, the Exchange Stabilization Fund…and the BIS. All we can do is sift through the clues that are left hanging around…whether it be in the Comex inventories…or the GLD and SLV ETFs. I don’t consider the latest COT Report to be of any use, because it’s obvious [at least to me] that the data in the Commercial and Non-Commercial categories is bogus. But if the data in the Nonreportable category can be used as a guide, the real data in these other two categories would be one for the record books…and still may be a work in progress by JPMorgan et al. There’s no way of knowing for sure, of course…and any comments that I [and others] may have, would certainly fall into the speculative category…even if it consists of an educated guess. Whatever is going on behind the scenes will become public knowledge when “da Boyz” deem it necessary…or when the physical or paper markets force their hand. It has always been said that the precious metal equities will always forewarn of a pending move in the gold price, as the ‘smart money’…which I call insider trading…take their positions for the next move up. I’d like to think/hope/pray that yesterday was a precursor to that event…but only time will tell. All four precious metals caught a bid in the Globex session in early Far East trading on their Thursday, but silver got smacked back down to almost unchanged by the time that London opened. Volumes are about the same as Wednesday at this time of day. Most gold volume is of the high-frequency trading variety…but surprisingly enough, there is big roll-over action in silver as the large players have to be out of their May positions [unless they’re standing for delivery] by the end of the day…or possibly Friday at the latest. The dollar index isn’t doing a lot as of 4:13 a.m. Eastern time. And as I hit the ‘send’ button at 5:15 a.m. Eastern time, gold is still trading flat after its rally in the Far East…and is up about fifteen bucks from Wednesday’s close…and silver is up fourteen cents. Because of that lack of price action, volumes are only slightly above what they were an hour or so ago. The dollar index is now down about 27 basis points. We certainly do live in interesting times…and the rest of the month’s trading/price activity could get interesting. That’s more than enough for today…and I’ll see you here tomorrow. The dollar index closed on Tuesday at 83.02…and when it opened in Far East trading on Wednesday morning, immediately began to chop lower…and finished the Wednesday trading session in New York at 82.94…down 8 whole basis points. Nothing to see here. The first three bookmarks on my computer are the Kitco silver and gold charts, followed immediately by the HUI chart…and I check them in that order when I first get on the Internet. After looking at the gold and silver charts after I got up late yesterday morning, I certainly wasn’t prepared for what I saw when the HUI chart popped up, as it had gapped up over 3 percent at the open…and never looked back from there, although it was obvious that some of the day trader types took profits as they closed out their positions in the last minutes of trading. Very deep pockets were buying everything in sight yesterday…and that process accelerated once Comex trading closed at 1:30 p.m. EDT. The HUI finished the day up 6.98 percent…and one can only hope that the buyers were insiders…as they’re always tipped off as to what’s coming. (Click on image to enlarge) The CME Daily Delivery Report, updated very late yesterday evening, showed that 98 gold and 3 silver contracts were posted for delivery on Friday within the Comex-approved depositories. The link to yesterday’s Issuers and Stoppers Report is here. Another day, another decline in GLD. This time it was ‘only’ 135,398 troy ounces…and as of 10:13 p.m. EDT, there were no reported changes in SLV. The U.S. Mint had another sales report yesterday. They sold a very chunky 13,000 ounces of gold eagles…along with a smallish 1,000 one-ounce 24K gold buffaloes…and zero silver eagles. Tuesday was a big day in silver over at the Comex-approved depositories, as they reported receiving a chunky 1,521,690 troy ounces of the stuff…and only shipped 17,637 troy ounces out the door. The link to that activity is here. In gold there were more withdrawals from the Comex-approved depositories on Tuesday. They reported receiving 852 troy ounces…and shipped 238,716 troy ounces out the door. You have to ask yourself where this gold is headed…and why. The link to that activity is here. It was another ‘quiet’ day at the bullion store yesterday…with ‘quiet’ being a relative term compared to last week at this time. ‘Quiet’ will translate into another record year for the store if this keeps up…and we’re sort of hoping that it doesn’t get any busier, as we just can’t handle over-the-top volume/traffic every day. Neither can the wholesalers or the mints…and they’re still not taking orders, which is truly unprecedented in this industry. If it’s this bad from our vantage point in the retail world, one can only imagine what it looks like from the wholesale/mint perspective. At 8:30 p.m. yesterday evening, I fired off an e-mail to Bron Suchecki at The Perth Mint, where it was already 10:30 a.m. on Thursday morning…and asked him this question: “G’Day Bron…What’s happening in Oz in the precious metals world that’s fit to print in tomorrow’s column?” Less than half an hour later I go this response… Hi Ed, With the [current production] issues at the RCM and US Mints, we are now starting to get hit with good orders from distributors, so we have prioritised manufacture of 1 oz. and kilo silver coins over our Lunar Snake coins so we can maximise the total amount of ounces we can supply. This is great news as that means more physical being taken off market. That does lead me to the next point…which is buyers really need to go for the cheapest physical they can…and be a bit more flexible on who makes it…or go from coins to bars. Paying high premiums just because you want a certain brand or bar size just means your money buys less ounces, which takes less ounces off the market. Regards, Bron Suchecki And finally…here is commentary from Ross Norman over at the renowned SharpsPixley.com Internet site that was posted there yesterday…and this is courtesy of reader ‘David in California’… “There an oddity about GOLD at the moment with phenomenal physical demand in Asia, US and Europe, while the actual spot prices languishes. We have written before about the strange disconnect between paper and physical demand – with the former bearish yet the latter bullish – but rarely has there been such a clear divergence. “Over the last few days on SharpsPixley.com we have many run stories about this … Dubai running short of physical, US Mint selling out of smaller denomination bars, coins and bars flying off the shelves in India and China and queues outside leading gold sellers such as Degussa in Germany. The effect has been a massive drawdown in physical metal which has, by and large, caught the gold refineries and some stockists by surprise. It seems that the current buying in Europe is a delayed response to the Cyprus crisis, prompted by the price correction. “Quite evidently it has been the sharp sell off on the gold futures (COMEX) a week ago that precipitated the price decline and drew out the physical buyers. While there remains stock of the traded inter-market London ‘good delivery’ bars weighing in at 400 ounces each (with a purity of 99.5%+), these would set an investor back about $570,000 each. However, for investment sized bars the market is drying up rapidly. Amongst the coins, the maples and Krugerrand are moving fast with premiums having just doubled and now typically trading at about 8% over the spot price. Meanwhile the wait for new 0.9999 kilobars from the refineries (cost about $48,000 each) would entail a wait of over 1 month – there are however some modest stocks of second-hand kilobars. “While much of the buying in Europe has centered on Germany and Switzerland, there are also encouraging signs of good interest from UK retail investors who seem to be awakening to the notion of having gold in their savings. Google searches for the keyword “gold price” is rising to near record levels confirming what we are seeing in the markets. “So, what does this tell us about gold ? To us, this is firstly a clear signal that the price correction has sparked latent interest for those who have wanted to enter the market – the current price represents an excellent entry point. Secondly, the fact that investors are going for physical over paper gold extends the argument that investors are increasingly wary of financial institutions, just as they are of the debasement of currencies. “In 2008 and 2010 the physical markets dried up and deliveries were extended out to about 2 or 3 months at the retail level – if the current buying persists there is every reason to expect a recurrence… or worse.” END Here’s your “cute quota” for the day… It was the same for the silver stocks…and Nick Laird’s Intraday Silver Sentiment Index closed up 6.39%. But, like the gold equities, these gains aren’t really that impressive considering the lows that these stocks are rising from. But it’s a start. 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.
In This Issue. * Bias to buy dollars remains. * Eurozone Confidence soars to 2-year high! * Norwegian Retail Sales fall 1.3%. * Canada’s Current Account Deficit widens. And, Now, Today’s Pfennig For Your Thoughts! A Curious Upward Revision in U.S. GDP. Good day. And a Happy Friday to one and all! It’s bound to be a Fantastico Friday, for a number of reasons. Let’s see. front and center, it’s the kick-off of a 3-day holiday weekend. And, for those of us that get paid on the 15th & 30th, this is payday! Of which, I would rather receive one than eat one! (although it is a tasty candy bar!) It’s also the end of a very long week for me, as I’ve been running hot & cold. This morning hasn’t started out good, in that regard, but. It can only get better from here! (See that’s me!, always looking forward to what’s ahead!) And today, could also be a little strange with the asset classes as the volume will go stealth around noon today, as the boys and girls in NY head to the Hamptons around noon. So be careful out there this morning.. And what the heck, why not just close the computer down (after reading the Pfennig of course!), close the books, and start your Labor Day Holiday early? Sounds like a plan. and I love it when a plan comes together! The currencies are weaker again this morning, although most of the losses in value were booked yesterday. The U.S. surprised the markets with their ability to cook the books enough so that an upward revision in GDP didn’t look so curious to them. Of course it looked very curious to me, but then what else did I expect? The Fed Heads are bound and determined to get the unwinding of their latest bubble blowing machine started before they are unable to ever do it. And they would LOVE for the economic data to show the world that they are right to start tapering. It doesn’t matter that no one questioned how 2nd QTR GDP jumped from 1.7% in the first print to 2.5% in the 2nd print! Isn’t that just a little bit too much good, given the economic reports that started in March to be questionable at best? Of course it is. But the media is living with the wool pulled over their eyes, and have no gumption to remove the wool. Isn’t it a shame? Well, I got my blood going good writing that, and listening to Edwyn Collins sing his song, “A Girl Like You”. That one will get your bopping in your chair! Ok. back to the serious stuff! I was interviewed by Kate Gibson of MarketWatch yesterday, she wanted to know what I thought the reaction of the stock market would be after the GDP report. Now mind you, this was before the stock market opened. So, I checked the stock futures and they were only up .3%… So, I told her that I would think the stock jockeys would be torn between two things (like torn between two lovers). Normally, stock jockeys would love a strong GDP report. But with this report being the last GDP report before the Fed Heads meet in September, one would think that this could be the straw that stirs their tapering drink, and any talk of tapering hasn’t been for stocks.. Well, stocks ended the day up on the day. So, now the stock jockeys don’t think the Fed Heads can taper? I doubt it. They know it’s like California dreaming, it’s becoming a reality. A dear long time reader sent me a note yesterday and said that it’s not just me that people don’t want to come to listen to anymore, CNBC’s ratings are at a 20-year low. And just to throw gas on this fire. I saw over at zerohedge.com that they call the stock market the, ” Federal Reserve sponsored equity market” HAHAHAHAHAHA! U.S. equity trading volume in August is the lowest on average in 16 years! Where are the investors going? I wish I could say that bank deposits are soaring. but the money’s not there either. And we know that Treasuries now are treated like persona non gratis. So, in the words of Jerry Maguire. Show Me The Money! The euro is trying to hold on and stop the sliding this morning, and reports like the markets got on the European Confidence should help. Economic Confidence in the Eurozone soared to a 2-year high this month, as the Consumer sentiment index rose from 92.5 in July to 95.2 in August. Earlier this week we had a positive IFO report on Business Confidence, so things are looking brighter for the Eurozone, which just recently climbed out of the recession hole they had fallen into about 2 years ago. The Eurozone economy, as a whole, but led by Germany of course, is gathering steam. And with each of these stronger reports, the fears of another rate cut, which was probably about to be made at the last European Central Bank (ECB) meeting, are erased. And that’s good for the euro, folks.. Norway received so not so good data this morning, as Retail Sales for July fell -1.3%, and the Unemployment rate remained steady at 2.8%… (it was expected to drop!) So the krone isn’t participating in the euro’s attempt to stop the sliding. I had a dear reader ask me about the krone, and whether he should bail or batten down the hatches. Well, you know me, I can’t really tell someone what to do, but I can give you my opinion, which can be wrong (my wife loves when I have to type that!) But, I don’t know how long you’ve held krone. You could have huge gains in the currency or be seeing some red. But either way. are you diversifying your investment portfolio? Or just seeking currency gains? To me, the only reason to do all this is to diversify your investment portfolio so that not all of the portfolio is denominated in dollars. In doing so, you provide a hedge against further dollar depreciation, which won’t be a one-way street, and you could see losses at times. But you could also see currency gains on your hedge, and that would be like icing on the cake! Remember, dollar weakness is equal to loss of purchasing power for the dollar holder. So, you have to read between the lines, but I think I told you what you wanted to know about holding krone. In Canada yesterday, we saw their Current Account Deficit widen, which I had thought would not be good for the loonie, and it wasn’t. Today, we’ll see the color of Canada’s 2nd QTR GDP. I think we’ll see their 2nd QTR GDP come in around 1.7%, which is where the U.S.’s should have been before going through the donut maker. Hmmm donuts. I think I’m doing my best Homer Simpson here, but my new taste for sweets, which I never really had before, but do now, has me thinking of donuts this morning. I’m just saying. The Brazilian real saw more strength yesterday. Twice this week the Brazilian Central Bank (BCB) has come to the aid of the real, first announcing a $60 Billion line to be used in intervention to defend the real, and then the 50 basis points rate hike I talked about yesterday. The double barrel shotgun approach has done wonders for the real which had fallen to a low of 2.4545 just a week ago to a recovering level of 2.36 this morning. (remember, real is a European priced currency, so as the price goes down, the value goes up!) Of course 2.36 is still a long way away from the lofty numbers the real used to have associated to it. But a positive move is still better than opening a bag of bees. Gold is down $12 this morning, and has fallen back below $1,400. The Bloomberg has two stories this morning with different takes on Gold. the first one says, “Gold cuts monthly advance on speculation Fed will slow stimulus.” And then that’s followed by one that says, “Gold trade most Bullish since March on Syria Crisis.” So. what’s it gonna be boy? And just to repeat something I talked about yesterday, the miners in S. Africa have confirmed that they will go on strike on Monday. Hello, price manipulators? Yes, It’s Chuck calling again to harass you. I just want to ask you a question. How can you explain to regulators your ever expanding short positions, with the largest Gold producing country going on strike, thus limiting the supply of Gold? Come on Lucy, you’ve got some ‘xplainin’ to do! The U.S. data cupboard will yield July readings of Personal Income & Spending this morning to end our week. I’m certain that once again, we’ll see that we spend more than we make. But think about this spending thing. I had a dealer friend (hi Shauna!) ask me if I thought everything in the world was OK now (with GDP up 2.5%) and I said, “No. it’s all manipulated, cooked, and rolled out to make everyone happy so they’ll go and spend money on flat screen TV’s” . spend, spend, spend. That’s what would make the Fed Heads & the Gov’t happy. And it will make you happy too, until you realize that you could have bought Gold instead of another flat screen TV for your house that already has 6 TV’s! For What It’s Worth. It’s all me today folks. I’ve been doing a lot of deep thinking. (for my close circle of friends, we all know that means, right Kevin?) I mentioned the Fed’s Bubble Blowing machine up top. and that’s the focus of my soap box speech today. Are you ready? Here goes. OK. Several times over the past few years I’ve listed the things that Fed Head James Bullard was quoted as saying were the benefits of QE. you know, lower rates, higher asset prices, and a lower dollar. But you know the one thing that he failed to list, and the one thing that the Fed refuses to admit they were a part of, is the bubble in Emerging Markets. Unintended Consequences, I’ll call it. You see, by keeping rates ultra-low, investors sought out higher yielding places to invest. Remember what I always say, money goes where it’s treated best. Those places were the Emerging Markets. So, with the fear of removing QE, the markets are automatically of the belief that interest rates will rise. Shoot Rudy, after Big Ben first muttered the word “taper” Treasury yields have risen over 100 Basis points in the 10-year. was that a sell the rumor buy the fact trade? I doubt it. Should the Fed really go through with tapering, I would think Treasury yields will continue to rise, and that will draw more money home to (where it’s treated best) The Fed tried very diligently to explain the difference between tapering and keeping their interest rates low, but the markets aren’t buying it. And the bond traders are taking back the responsibility of Treasury yields from the Fed. So, what does this all mean for the Emerging Markets? Well, it’s my opinion, and of course I could be wrong, that while suffering now, and in the near future, that the Emerging Markets will recover. First, without the off the charts growth, the Current Account Deficits they all have gained, will begin to narrow, and that will be a good thing going forward. Then organic growth in the countries, will take over, and within a few years, the Emerging Markets will be back to leading the world in growth. And as far as the Fed’s Bubble Blowing machine goes. You know the Fed Heads refused to admit that they had anything to do with the Tech Bubble, or the Housing Bubble, but we all know what caused those, for I’ve explained it to you so many times in the past, that you probably could give the presentation on The Fed’s Bubbles instead of me! Bill Fleckenstein wrote a great book about 7 years ago, called “Greenspan’s Bubbles. The Age of Ignorance at the Fed”. Just in case you need some additional proof of what I tell you. And that ends today’s dissertation on what the Fed is doing to the Emerging Markets, I hope you enjoyed it. I’ll be back next week with more, so until then, Have Fun! To Recap. The bias to buy dollars remains throughout the currencies and metals this morning, although most of the value was transferred to dollars yesterday. Today could be strange with the boys and girls in NY heading to the Hamptons around noon today. Eurozone Confidence printed strong thus confirming the recovery is gathering pace. Gold falls back below $1,400, and the markets are torn on where to go with Gold. They should just ask me, I’ll tell them! Currencies today 8/30/13. American Style: A$ .8935, kiwi .7770, C$ .95, euro 1.3245, sterling 1.5505, Swiss $1.0755, . European Style: rand 10.3125, krone 6.11, SEK 6.6080, forint 227.05, zloty 3.2170, koruna 19.4180, RUB 33.24, yen 98.25, sing 1.2745, HKD 7.7555, INR 65.70, China 6.1709, pesos 13.30, BRL 2.3590, Dollar Index 81.95, Oil $107.85, 10-year 2.77%, Silver $23.69, Platinum $1,513.40, Palladium $728.58, and Gold. $1,395.12. and here’s the link to take a peek at the U.S. Debt Clock. click here. That’s it for today. Happy Birthday to my old latte’ Buddy, Michelle. She dropped me like a bad habit a few years ago, but I don’t hold that against her! HAHAHAHAHAHA! (She didn’t drop me, I just stopped going, because I couldn’t drink coffee at that time) College Football began last night, and my beloved Missouri Tigers will play tomorrow night. I wish them well on their 2nd season in the SEC. I’ll be putting the Big Green Egg to the test this weekend. I can’t wait ! I love to have the smoker going early in the morning. I know sounds like Robert Duval in the Vietnam movie, when he said, ” I love the smell of napalm in the morning”. But no! I love apple wood smoking filling the backyard with great aroma. It’s the little things that make me happy folks. And with that, I’ll get this out the door. Thank you so much for reading the Pfennig, and I also thank all of you who send me notes applauding what I’ve written from time to time. Just being myself. Now, it’s payday, it’s the kickoff of a 3-day holiday weekend, and it’s Friday, let’s go out and make it a Fantastico Friday! Ready, Set, Go! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
Sponsor Advertisement Platinum and palladium weren’t spared, either—and both closed down on the day as well. Platinum by seventeen bucks—and palladium by 7 dollars. Here are the charts. The dollar index closed at 80.38 on Friday in New York—and chopped quietly higher throughout the entire Monday trading session, finishing the day at 80.63—up 25 basis points on the day. I have a decent number of stories for you today—and the final edit is yours. What should be seen as being beyond doubt is that COMEX positioning is the price driver in silver and gold. Nothing else even comes close. We went down in price this past week and on every previous price sell-off because the technical funds got snookered into selling on price signals rigged by the commercials. We will go up when the technical funds have sold all they can sell and then begin to buy. No one knows the day of the price turn up in advance, but it will come—and should most likely come soon, given the extreme COT readings, particularly in silver. – Silver analyst Ted Butler: 31 May 2014 It was a low volume, nothing sort of day in both gold and silver on Monday. Low volume or not, one shouldn’t overlook the fact that a new low price tick for this move down was set in both metals during the Hong Kong afternoon trading session—and the price of both got sold down once the London p.m. gold “fix” was in. Here are the 6-month charts for both gold and silver so you can see the “slicing of the salami” to the downside that’s been going on day after day. The gold stocks opened down a bit, but rallied back into positive territory on the rally going into the London p.m. gold fix. Once the gold price got capped, the stocks sold off as well, hitting their lows of the day at 2 p.m.—the moment that the gold price stopped falling. From there they rallied quietly in the close—and finished down 0.60%. A new low price tick for this move down was set in both metals The gold price got sold down the moment that trading began in New York on Sunday evening. The HFT boyz took the price down to its low tick of the day shortly after 2 p.m. Hong Kong time—a new low for this move down—and the rally that began at that point got capped at the London p.m. gold fix. From there it got sold down until 2 p.m. EDT in electronic trading—and it didn’t do much after that. The high and lows ticks were reported by the CME Group as $1,251.00 and $1,241.10 in the August contract. Gold finished the Monday session at $1,243.50 spot, down another $7.80 from Friday’s close. Volume, net of June and July, was pretty light at only 90,000 contracts. The CME Daily Delivery Report for Day 3 of the June delivery month in gold showed that 7 gold and 81 silver contracts were posted for delivery within the Comex-approved depositories on Wednesday. So far this month, only 99 gold contracts have been posted for delivery. I don’t know what to make of that—and I forgot to ask Ted Butler about it when I spoke to him on the phone yesterday. In silver, the largest short/issuer was Jefferies once again with 70 contracts—and the three largest long/stoppers were JPMorgan, Scotiabank and Barclays. The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD yesterday—and as of 7:31 p.m. EDT yesterday evening, there were no reported changes in SLV, either. But when I checked the iShares.com Internet site at 3:02 a.m. EDT this morning, much to my surprise, there had been a very chunky deposit of 2,401,285 troy ounces reported. One can safely assume, based on the recent price action, that this was deposited to cover an existing short position. The U.S. Mint had a smallish sales report yesterday. They sold 4,500 troy ounces of gold eagles—1,000 one-ounce 24K gold buffaloes—100 platinum eagles—and zero silver eagles. In gold over at the Comex-approved depositories on Friday, they reported receiving 32,147 troy ounces—all of which went into the warehouse over at HSBC USA. In silver, there was 601,134 troy ounces reported received—and 62,199 troy ounces reported shipped out. The big receipt went into Brink’s, Inc. Here are a couple of charts courtesy of Nick Laird. They are the intraday price movement for both gold and silver during the month of May. As you tell, the charts are very similar, with the major inflection points in both coming at the 8 a.m. London open, the London noon silver fix—and the 1:30 p.m. EDT Comex close. In Tuesday trading in the Far East, not much happened price-wise in either gold or silver up until 1 p.m. Hong Kong time. Then both popped a bit, however it remains to be seen if this develops into anything as the trading progresses in London and New York. And as I write this paragraph, the London open is five minutes away—and volumes in both metals are on the lighter side. The dollar index is basically flat. Today, at the 1:30 p.m. Comex close, is the cut-off for this Friday’s Commitment of Traders Report. Providing nothing untoward happens to the upside in price during Tuesday trading, it’s a given that the numbers in the COT Report will be another one for the record books, particularly in silver. And as I hit the send button on today’s column an hour after the London open, all four precious metals are in the plus column. Gold and silver volumes are up some more, but not by alarming amounts—and the dollar index is down a handful of basis points. I’m off to bed early, as I have a plane to catch later this morning—and I’ll see you here tomorrow. The silver price action was very similar to gold’s, so I shall spare you the details—except to note that silver also touched a new low price for this move down as well. The high and low for silver were recorded as $18.87 and $18.65 in the July contract. Silver closed in New York yesterday at $18.76 spot, down 5 cents from Friday. Net volume was also pretty light at only 22,500 contracts. The price path of the silver equities was almost the same as the gold stocks, except for the fact that Nick Laird’s Intraday Silver Sentiment Index closed down 1.04%. Learn how the government and the Fed are looting your accumulated wealth – Get this free issue of Robert Prechter’s Theorist now >>
Dan Steinhart Managing Editor of The Casey Report Dear Reader, Today’s entrée is a special treat. Doug Casey and Louis James talk gold, ISIS, oil, stock markets, and much more in a conversation about what to expect in the markets in 2015. This interview was originally published in The Casey Report. Before we get to the main event, I want to bring to your attention that enrollment in Casey’s Club is now open for a limited time. Yesterday, Marin Katusa did a better job explaining why you should join Casey’s Club than I ever could, so I’ll just add a quick anecdote about one very satisfied member of Casey’s Club. While it’s not uncommon for Casey’s Club members to send us glowing feedback like this… In less than a year I paid for my lifetime membership to Casey’s Club in one trade, and now I have a Casey free ride on balance and warrants. Many Thanks! – Steve A., Casey’s Club Member … one particular Casey’s Club member expressed how pleased he was in a way that I’d never seen before. He was so impressed with the quality of research that he asked to come work for Casey Research so he could see how it was done. In my mind, there’s no higher praise than that. We hired him as an intern, and he’s since gone on to become a principal at a global private equity firm. Casey’s Club is expensive, but it’s worth it. You can find all the details here. If you’re thinking about joining, act quickly. The enrollment period closes soon and won’t open again until 2016. Here’s Doug with Louis.
— The Income Secret of Multi-MillionairesPut 10 multi-millionaires in a room and chances are, most of them will share a very unique secret about how they generate their income. Not one in 1,000 salaried employees would guess this secret. But millionaire investor, James Altucher, shares the secret with you, for free, on this page. Recommended Links The price of silver plummeted 4.5% on Tuesday. It closed at $15.01/oz… its lowest close since February 2010.Gold had a bad day too. It dipped below its 2015 low of $1,148.10 before recovering to close at $1,153.70. It lost 1.4% on the day.Historically, people buy gold and silver for protection during uncertain times. Gold and silver have held their value for thousands of years through wars, depressions, and financial crises. When stock markets crash or paper money fails, gold and silver are a reliable store of wealth.So with Greece’s default rocking world markets… and with Chinese stocks crashing the most in 20 years… why are gold and silver struggling?Louis James, editor of International Speculator, blames China.The Chinese stock market has crashed an incredible 28% in 16 days. And China’s 1.4 billion people are the biggest buyers of gold in the world.Here’s Louis:The world’s biggest gold buyers are suffering a major liquidity crunch. Many won’t have the cash to buy anything, not even gold. Worse, hundreds of Chinese stocks are halted and huge numbers of investors are facing margin calls. That means that many who own gold will be selling because it’s the one thing they can get a bid on.When a large number of buyers are forced to become sellers… well, counterintuitive days like today can make sense.If I’m right about this, precious metals will slide until the liquidity crunch in China passes. We saw the same thing in 2008. But when this reversal happens, the rebound should be even sharper. Unlike most Americans or Europeans, Chinese people do see gold as an important form of wealth protection.We’ll discuss the details of the Chinese stock market crash later this week. • Meanwhile, another important commodity is within pennies of its 10-year low…The price of iron ore has declined for nine days in a row. On Tuesday, the Metal Bulletin’s iron ore index plummeted 5% to $49.60 per metric ton.Iron ore is in a bear market. It’s now 73% below its record high from September 2011.Iron ore is the key ingredient in steel. China has consumed iron ore like crazy in recent years to build out its infrastructure. Its colossal Three Gorges Dam used 463,000 metric tons of steel.China is the world’s largest consumer of iron ore by a long shot. It consumed 1.25 billion metric tons of iron ore in 2013. The rest of the world consumed that much combined. China is both the world’s largest producer and importer of iron ore.Iron ore prices depend on China… and China is slowing down.China reports that its economy grew 7% in the first quarter. That’s impressive for most countries, but it was China’s weakest quarter in six years. According to Bloomberg, Chinese steel production is on pace to contract for the first time since at least 1990.• Iron ore also is Australia’s biggest export…The Australian dollar just sunk to its lowest level since the financial crisis. One Australian dollar is now worth just US$0.74… down from US$1.10 in 2011.Crashing iron ore prices are a big reason why. Australia’s economy depends on commodities. Its other top exports are coal, natural gas, gold, and crude oil. But iron ore is its biggest export by far.Iron ore accounted for 25% of the value of Australia’s total exports last year. And 77% percent of Australia’s iron ore exports went to China, Australia’s largest trading partner. One-third of Australia’s total exports go to China.China consumes what Australia pulls out of the ground. China’s boom was great for Australia. But with China slowing down, Australia is struggling.
3 min read Cyber Crooks Go Phishing Apply Now » Next Article Opinions expressed by Entrepreneur contributors are their own. Technology Kristin Edelhauser –shares Phishing scams are back and more prevalent than ever. Find out how to avoid becoming a victim of a cyber scam. Large websites like PayPal, eBay and Amazon have all been targeted by phishing scam e-mails in the past, but experts say these days, online consumers are seeing even more “phishy” e-mails in their in-box.So what exactly is phishing? Phishing is the term used when online crooks pretend to be financial institutions or legitimate companies and send spam or pop-up messages to try to get you to reveal your personal information.One popular phishing e-mail that consumers should be wary of: e-mails urging them to enter personal information quickly so their order will arrive in time for special occasions and holidays. “Every year, especially during holidays, we’ve seen [this type of e-mail] ramp up bigger and bigger,” says Christopher Faulkner, CEO of CI Host, a Dallas-based web hosting and website management company.Despite public education about these types of e-mail scams, online crooks aren’t giving up just yet. “As folks get savvier to what cyber crooks are looking for, cyber crooks have to get their game better. They’ve not stopping and giving up–they’re just getting trickier and trickier,” Faulkner says. “Every year we see websites go up that appear to be just like eBay or Amazon–they’ve got the logos, they’ve got the look and feel–but they’re just a little bit different.” The “o” in Amazon, for instance, might be a “0” in the fake version of the site used by a phisher.If you do receive an e-mail similar to this but aren’t sure if it’s legit, put a call in to the customer service number provided on the official website of the company you ordered from to ask them about the e-mail. They’ll let you know if they really need more information or if the e-mail is a scam.Fake invitation e-mails are also common online scams, so be careful that you know the sender before replying to the e-mail. Also, be cautious with the amount of information you divulge on an invitation website. For instance, if the online invite is for your child’s birthday party, be careful not to insert any information about the child’s school, age or home address that online predators could latch onto. “We’re seeing a lot of invitations for children’s parties where parents are inviting all the child’s friends, and they’re listing the ages of the children,” says Faulkner. “Cyber predators can use this stuff to help target kids.”Faulkner says the best way to avoid falling victim to phishing is not to rush. If you’re in a panic to get your shopping done quickly, be it for a special occasion like a birthday or Christmas, you’re more likely to slip up and fall victim to an e-mail scam. “It could easily happen to you,” says Faulkner, “so be very alert out there and be cautious. If it’s too good to be true, it is, so pass on it and move on to the next deal.” Add to Queue 2019 Entrepreneur 360 List The only list that measures privately-held company performance across multiple dimensions—not just revenue. March 2, 2007
4 min read Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article Free Webinar | July 31: Secrets to Running a Successful Family Business Image credit: Songquan Deng | Shutterstock Senior writer Register Now » Along with confirming a widely predicted decline in iPhones sales during the first three months of the year, Apple on Tuesday reported its first drop in quarterly revenue on an annual basis since 2003. But the whole point of quarterly earnings is to glean information we didn’t already know.So here are a few pieces of new information that are worth pondering as investors try to decide whether the most valuable U.S. public company is headed for a torturous decline or about to emerge triumphant again.CEO Tim Cook didn’t sound worried on the company’s call with analysts. “The future of Apple is very bright,” he said while alluding to exciting but unspecified new products.The China collapseIn recent years, most of Apple’s sales growth has come from China, but that engine too has greatly slowed. Apple said its China sales shrunk by more than a quarter to $12.5 billion. The rate of growth had already slipped to 14 percent last quarter’s from jumps of 99 percent, 112 percent, and 71 percent in the three prior quarter. Further, the challenges are increasing after China forced Apple to shut down its iBooks store and iTunes movie service last week after just six months in operation, reducing the appeal of the iOS ecosystem there.Last summer, CEO Tim Cook was disputing that the company had any issues in China, even emailing CNBC host Jim Cramer on August 24 to decry bearish comments.“I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August,” Cook wrote just eight months ago. “Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.”But since then, the economic situation has not gotten better, and Apple’s cheap phone competitors continue to nip at its heels. And with China already leading the world in smartphone sales, it has reached a saturation point with sales projected to increase less than 1 percent this year, according to market researcher Gartner.Other problematic productsApple’s iPhone accounts for the lion share of its total revenue but other products that could have made up for some of the quarter’s decline are also slowing.Revenue from iPad was down 19 percent from a year ago to $4.4 billion while sales of Macintosh computers declined 9 percent to $5.1 billion. Only revenue from services, which include sales of apps and media on the iTunes store, iCloud storage and other items, was a significant bright spot, increasing 20 percent to $6 billion. Still the dollar amount of the increase of about $1 billion did not come close to offsetting the $7.4 billion of lost iPhone sales.Investor payoffAs many declining tech companies have discovered, increasing a dividend and buying back stock can help lift share prices even when revenues are slipping. So Apple announced a $50 billion expansion to the company’s program to “return capital.” Under the bigger plan, Apple said it would spend a total of $250 billion by the end of March 2018. Of the total, $175 billion will go to buying back stock, up from $140 billion previously.The announcement didn’t help the stock price much after the disappointing results came out, however. Shares of Apple, which had already declined by 20 percent over the past year, lost another 8 percent in after hours trading. That’s a loss of $44 billion from Apple’s stock market capitalization.Apple WatchTim Cook didn’t reveal exact sales figures, but he said the sales met Apple’s own expectations. But he did give a clue. Sales of watches in the first year on the market exceeded sales of the iPhone in its first year. Apple sold about 6 million of its original iPhone. Again though, with an estimated average selling price of about $500, sales at level would be worth only $3 billion over the year, a drop in the bucket for Apple. What Else Went Wrong for Apple Besides Predicted iPhone Slump Aaron Pressman April 27, 2016 Apple Add to Queue –shares This story originally appeared on Fortune Magazine
Source:https://en.ktu.edu/news/lithuanian-researchers-are-developing-a-system-for-quality-post-stroke-rehabilitation/ Reviewed by Alina Shrourou, B.Sc. (Editor)Apr 29 2019Researchers of Kaunas University of Technology (KTU), the Lithuanian University of Health Sciences (LSMU) and Italian high-tech company Gruppo Fos Lithuania are developing innovative technology for the personalized care of the patients who have experienced a stroke. After collecting multiple data of physiological parameters, the multimodal system will choose personalized rehabilitation solutions for each patient.Stroke is a “brain attack” or sudden interruption of brain circulation. During a stroke, brain cells are deprived of oxygen and begin to die. As a result, the abilities controlled by that area of the brain such as memory and muscle control are lost. Every 2 seconds somebody in the world is experiencing a stroke, and every 6 seconds a person dies from it. Research shows that every 6thperson will experience a stroke in their lives.Related StoriesPeople who worked long hours have higher risk of stroke, shows studyUse of statins linked to reduction of mortality risk in dementia patientsStudy explores role of iron in over 900 diseasesStroke can cause different disabilities, depending on the area of the brain affected. Post-stroke ailments can include movement disorders, memory loss and difficulties to understand language, and emotional distress. The integrated multimodal system for personalized post-stroke rehabilitation – the product and related technologies – will allow caring for stroke patients better and more efficiently.”Our system registers and uses entirely new functional parameters, which allows implementing the personalized rehabilitation solutions”, says Darius Jegelevičius, the leader of the project, researcher at KTU Biomedical Engineering Institute.The hardware of the system consists of virtual/augmented reality goggles plus various sensors for registering the patient’s cardiac rhythm, movements and neurological activities. The software contains the algorithms for data processing and parametrization, personalized rehabilitation models and gamified solutions for rehabilitation program formation and feedback.The system is incorporating various data, such as heart rhythm and hand movement indicators, the neurological activity of the brain, visual feedback, is monitoring the activity of the circulatory system. It allows building a personalized rehabilitation plan according to the needs of a concrete patient.”After evaluating the state of the patient, the physician together with the physiatrist designs a personalized rehabilitation program. The patient is performing the assigned program with the help of the system, getting the feedback based on the parameters collected by the sensors of physiological signals. The activities and the progress of the patient are being collected in the data server and monitored by the medical staff. They can react and interfere in the process if there is a need”, explains Jegelevičius.At the moment, the team is carrying out the research needed for the development of the prototype. The prototype development will take place in 2020.
Dew helps ground cloud computing Computer scientists at the University of California San Diego have developed a new technology that can encode, transform and edit video faster—several orders of magnitude faster—than the current state of the art. Citation: New technology encodes and processes video orders of magnitude faster than current methods (2018, October 23) retrieved 17 July 2019 from https://phys.org/news/2018-10-technology-encodes-video-magnitude-faster.html They presented their work at the ACM Symposium on Cloud Computing, Oct. 11 to 13 in Carlsbad, Calif.The system, called Sprocket, was made possible by an innovative process that breaks down video files into extremely small pieces and then moves these pieces between thousands of servers every few thousands of a second for processing. All this happens in the cloud and allows researchers to harness a large amount of computing power in a very short amount of time. Sprocket was developed and written by CSE graduate students Lixiang Ao and Liz Izhikevich (now a Ph.D. student at Stanford).SPROCKET doesn’t just cut down the amount of time needed to process video, it is also extremely cheap. For example, two hours of video can be processed in 30 seconds with the system, instead of tens of minutes with other methods, for a cost of less than $1.”Before, you could get access to a server for a few hours. Now, with cloud computing, anyone can have access to thousands of servers, for fractions of a second, for just a few dollars,” said George Porter, an associate professor in the Department of Computer Science and Engineering here at UC San Diego and one of the lead researchers on the project, as well as computer science professor Geoff Voelker.This type of parallel computing in the cloud is offered by several big companies, including Amazon, Microsoft and Google.SPROCKET is particularly well suited for image searches within videos. For example, a user could edit three hours of video from their summer vacation in just a few seconds to only include a video that features a certain person.(An early demo of the technology consisted of editing down the “Infinity War” trailer so it would only feature Thor.)SPROCKET can do this because it is extremely efficient at moving tiny fractions of video between servers and making sure they’re processed right away. It also makes sure that algorithms have enough context to process each specific video frame. Provided by University of California – San Diego Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Provided by Inderscience Bullying is as old as humanity, but in today’s world of ubiquitous and always-connected devices, there is a whole realm of bullying that can take place out of sight but be just as devastating to its victims – cyberbullying. Detecting and so having the opportunity to prevent cyberbullying in open online forums and social networking sites, for instance, requires technology that can automatically detect trollish and thuggish behaviour. Once detected, the problems that victims face might be addressed but more importantly, the cyberbullies might be shut down or otherwise punished. Writing in the International Journal of Autonomic Computing, a team from India reveals their algorithm which detects and weighs the words in forums and calculates whether or not particular clusters of words are associated with cyberbullying behaviour.The team explains the problem and why it matters so much: “Cyberbullying has emerged as a major problem along with the recent development of online communication and social media. Cyberbullying has also been extensively recognised as a serious national health problem, in which victims demonstrate a significantly high risk of suicidal ideation,” they write. They add that “This proposed framework shows better results while the action is to stop the online users becoming the victims of cyberbully.” Citation: Detecting and blocking cyberbullying (2019, February 5) retrieved 17 July 2019 from https://phys.org/news/2019-02-blocking-cyberbullying.html Two-thirds of young people victims or perpetrators of cyberbullying, study suggests More information: J.I. Sheeba et al. Improved cyberbully detection techniques using multiple correlation coefficient from forum corpus, International Journal of Autonomic Computing (2019). DOI: 10.1504/IJAC.2018.097620 Credit: CC0 Public Domain Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Maharashtra to seek ₹300 cr more for water supply in drought-hit areas In drought-hit Marathwada, even the toilets have run dry and can’t be used Karnataka Chief Minister HD Kumaraswamy, who is relaunching the Grama Vaastavya — or village-stay — programme, has credited BusinessLine with providing a model for tackling drought.On Thursday, Kumaraswamy, at the launch of a booklet on the achievements of the Janata Dal (Secular)-Congress coalition government, said he was impressed by BusinessLine’s article on a village in Maharashtra’s Marathwada region. Farmers in the village, after reeling under a drought that lasted for over a decade, changed their lifestyle and cropping pattern.The story on Kadwanchi village was published on June 1, 2019. It detailed how the farmers multiplied their income by saving every drop of rain.These farmers cultivate grapes without any help from the government, and the annual income of the village has now increased to ₹40-45 crore from a mere ₹74 lakh a few years ago.Kumaraswamy said: “The news report touched me a lot.” After reading it, I sent a team of officials to study the village and video-document its success story,” he further added.Our Pune Correspondent adds: “The Karnataka team, comprising government officials, visited our village to study our model. We hope that our model is replicated in Karnataka and other States,” said Chandrakant Kshirsagar, Kadwanchi’s sarpanch.“As I am re-starting my Grama Vaastavya in the State from the Chandaraki village in the Gurumitkal Taluk of the Kalaburgi district, I will be using the Marathwada village study report and video to educate the villagers,” Kumaraswamy said.About a decade ago, Kumaraswamy, during his earlier stint as the Chief Minister, had endeared himself to the rural masses with his Grama Vaastavya programme.He claimed that the programme this time around will be different.“Throughout the day, I will be holding an official review of all departments, involving the villages in the taluk. In the evening, after sundown, I will be interacting with the villagers,” he said. water harvesting drought Drought intensifies in Maharashtra SHARE COMMENTS SHARE SHARE EMAIL COMMENT June 20, 2019 Karnataka Published on Karnataka Chief Minister HD Kumaraswamy Maharashtra RELATED At the mercy of private tankers in Pune