Almost 3M netizens illegally streamed Mayweather vs. McGregor fight—report

first_imgFloyd Mayweather Jr. (right) throws a punch at Conor McGregor during their super welterweight boxing match on Aug. 26, 2017, at T-Mobile Arena in Las Vegas, Nevada. Christian Petersen/Getty Images/AFPThe fight of the century went down over the weekend, as boxing legend Floyd Mayweather Jr. kept his record unblemished at 50-0, turning back a very game adversary in Conor McGregor.READ: 50-0: Floyd Mayweather stops Conor McGregor in 10th roundADVERTISEMENT Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Don’t miss out on the latest news and information. MOST READ LOOK: Venues for 2019 SEA Games LATEST STORIES WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Williams wins at US Open to stay in No. 1 hunt; Konta out Kammuri turning to super typhoon less likely but possible — Pagasa Read Nextcenter_img However, not every sports fan managed to watch the fight on pay per view (PPV) and resorted to illegal streams online.According to a report form Forbes, digital platform security company Irdeto estimated that 2,930,598 people illegally watched the fight on various social media platforms via 239 illegal streams.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutPlenty of unwarranted videos were shared on Facebook, YouTube, Periscope and Twitch last Saturday (Sunday in Manila), while ads for the illegal streams were promoted on sites like Alibaba, eBay and Amazon.Other viewers, meanwhile, depended on “digital Robin Hoods”—or generous fans who purchased the fight and videotaped it live through their television or computers. SEA Games in Calabarzon safe, secure – Solcom chief UPLB exempted from SEA Games class suspension On the other hand, Facebook did its part to stop videos from spreading by taking down live streams of the fight.However, the social platform still could not keep up with the number of users, as some videos managed to be streamed live up until the end of the fight.Despite the massive number of illegal streams, the Mayweather versus McGregor fight is still expected to break PPV sales. As of this writing, official PPV numbers have yet to be released.  Khristian Ibarrola /raRELATED STORY:Canelo-GGG to MayMac fans: We’ve got a real show for youADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH View comments Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles02:21‘Bato’ says Robredo has to toughen up: ‘This is war…hindi ka pwedeng pa-cute cute dito’00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Gameslast_img read more

Arsenal beats Chelsea 2-1 to seal League Cup final with City

first_img“We might have got our formation wrong … but we came back into it and showed great character,” Arsenal midfielder Jack Wilshere. “We showed our quality going forward.”Unlike Chelsea. A recovery rarely looked on the cards from Antonio Conte’s disjointed side in a derby that exposed the visitors’ shortages in the squad.Chelsea’s attacking threat was sapped by the loss of Willian in the first half with a hamstring problem, and Conte was forced to bring on Ross Barkley for his debut.The new recruit from Everton was lacking sharpness in his first match since being injured May. But Conte was forced to deploy the midfielder as a “false nine” at times. It was little wonder the goal threat was so lacking from a side that won the Premier League last season.Chelsea’s hopes of defending that title faded long ago, with Man City 15 points ahead of the third-place champions. Arsenal is languishing in sixth place but Wenger is still through to a fourth domestic final in five seasons.ADVERTISEMENT View comments 2 ‘newbie’ drug pushers fall in Lucena sting Kammuri turning to super typhoon less likely but possible — Pagasa For once, it’s not the FA Cup providing cover for Wenger. Arsenal’s defense of the more prestigious domestic cup ended at the first hurdle in an embarrassing loss to Nottingham Forest earlier this month. But a first trip to the League Cup final since 2011 gives Wenger a chance on Feb. 25 to add the only piece of domestic silverware missing in more than 21 years at Arsenal. Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Read Next Arsenal’s Shkodran Mustafi controls the ball during the English League Cup semifinal second leg soccer match between Chelsea and Arsenal at the Emirates stadium in London, Wednesday, Jan.24, 2018. (AP Photo/Matt Dunham)LONDON — Two fortuitous goals helped Arsenal beat Chelsea 2-1 on Wednesday and seal a League Cup final meeting with Manchester City, providing a glimmer of joy in a gloomy domestic campaign.Both Arsenal goals received a helping hand from Chelsea defender Antonio Ruediger as the semifinal meeting of London rivals came to life after a sterile, scoreless first leg two weeks ago.ADVERTISEMENT MOST READ John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Trending Articles PLAY LIST 00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Brace for potentially devastating typhoon approaching PH – NDRRMC LATEST STORIES Slow and steady hope for near-extinct Bangladesh tortoises Antetokounmpo says Kidd helped him grow into dominant player NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Chelsea raced into a seventh-minute lead through Eden Hazard but Arsenal quickly fought back. Nacho Monreal’s free header from a corner ricocheted off the heads of Chelsea duo Marcos Alonso and Ruediger before flying into the net in the 12th minute.Arsenal took the lead on the hour when Alexandre Lacazette’s cross was inadvertently diverted by Ruediger into the path of Granit Xhaka, who poked the ball past goalkeeper Willy Caballero.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“In the first half we gave them too much respect, maybe, and we suffered from that,” Arsenal manager Arsene Wenger said. “In the second half we rectified that.”In part thanks to Wenger’s shift to a three-man defense in the second half.last_img read more

World Cup Highlights On YouTube

first_imgFrom match highlights to interviews to ‘play of the day’s’, this is one way you can catch up with how the Australian teams are progressing in the World Cup. To view, please click on the following link:www.youtube.com/touchfootballauslast_img

Rail joint cracks led to Saskatchewan potash train derailment TSB

first_imgWINNIPEG – An investigation has concluded that cracks in a rail joint ultimately led to the derailment of a freight train carrying potash east of Saskatoon last fall.A Transportation Safety Board report says the cracks made the rail joint weak and it ruptured under the weight of the Canadian Pacific Railway (TSX:CP) train.Some 37 cars derailed just west of the Rural Municipality of Blucher on Sept. 15.The report says many of the derailed cars spilled potash, but no dangerous goods were involved and no one was hurt.About 760 metres of track was damaged or destroyed.The TSB says all required track inspections had been performed, including three in the previous year that showed some minor defects not needing immediate attention under CP maintenance standards.The train had just passed through a switch at Blucher when the crew felt the locomotive dip and heard a banging sound. An engineer applied the brakes to slow the train and four seconds later an automatic emergency brake was activated.Half a rail joint was recovered during cleanup and had “rail-end batter on the east-end rail head and fatigue cracking in the joint bars.”Potash consists of minerals containing potassium and is used as an agricultural fertilizer.last_img read more

Humboldt Broncos to end GoFundMe fundraiser this Wednesday

first_imgHUMBOLDT, S.K. – The Humboldt Bronco’s and GoFundMe will shut down their online fundraiser this Wednesday.The GoFundMe campaign will end on Wednesday, April 18, 2018, at 11:59 p.m. MST.  In a press release posted to the team website, the organization thanked everyone for their generosity. As of Monday evening, over $12 million has been donated through the website.“First and foremost, the Broncos’ volunteer board of directors would like to express their tremendous love and sincere gratitude to everyone who has generously donated time and money to support our organization and its families, as we navigate through this dark and heart-wrenching time.The strain on the Broncos’ organization’s limited resources has been immense. Our priority currently remains focused – as it has been since day one – on working with our families, especially now as they lay their loved ones to rest, as well as on all our families and players struggling to heal, physically and mentally, in the wake of this devastating event.”Money from the GoFundMe campaign will be transferred to a newly created non-profit corporation known as “Humboldt Broncos Memorial Fund Inc.” to be allocated for their intended purpose. An advisory committee will be established to make recommendations for the allocations of all funds that will be held in trust.Any other fundraisers held after the GoFundMe campaign is closed can be donated to the HumboldtStrong Community Foundation.  The mission of the new foundation will be to support employees, families and volunteers connected to the Bronco’s team.For more information about how you can donate to the team, after the GoFundMe closes, visit www.humboldtstrong.infoOn April 12, Fort St. John residents came together and donated over $5,60o towards the campaign.last_img read more

Hudsons Hope RCMP publishes policing report for May

first_imgHUDSON’S HOPE, B.C. — Cst. William McKenna with the Hudson’s Hope RCMP has published a policing report which says that police responded to approximately 32 calls for service over the last four weeks. During the month of April, the Hudson’s Hope RCMP issued 58 Motor Vehicle Act Warnings and Violation Tickets. One impaired driver was stopped and charged during this period.   Four check stops were conducted in an effort to combat impaired driving. Cst. McKenna said that the Hudson’s Hope Speed Watch program is progressing and expected to implemented in the next few weeks, and that the detachment is still welcoming volunteers to help with the program. The Hudson’s Hope RCMP was assisted by officers from Fort St John, Chetwynd, and North Peace Traffic Services during an enforcement campaign over the May long weekend. Extra police presence on the highway, on ATVs, and on the water was focused in historically busy areas in an effort to prevent offences and injuries to outdoor enthusiasts.The Hudson’s Hope RCMP Positive Ticketing program has begun and will continue until fall.  Several youths have been “caught in the act” being safe or acting in a positive way such as wearing a bike helmet, using a crosswalk to safely cross the road, or wearing a seatbelt. When officers witness this, the youth can be issued a free ice cream positive ticket. Cst. McKenna extended a big thank you to Belinda Karlin and the staff at Marg’s Mini Mart for partnering with the local RCMP in promoting safety and positivity in our community.  On April 24th, officers responded to a complaint of a shoplifting theft from the Sportsman Inn Liquor store. The suspect was described as a First Nations woman, approximately 20-30 years old, standing 5’5” tall, with a stocky build. She had bleached hair with an orange tint. Anyone with information can contact the RCMP locally or Crime stoppers.   On May 20th, the Hudson’s Hope RCMP were called out to a home on Twelve Mile road for a possible domestic assault. A man was arrested and lodged in cells for a few hours to sober up and was released later in the day.  The file is still being monitored.  On May 20th, the RCMP located a vehicle parked at a local business with expired insurance.  The driver eventually returned to the vehicle and was issued seven violation tickets for multiple infractions. The vehicle was also towed.  Anyone with information regarding current or past investigations can contact the Hudson’s Hope RCMP directly at 250-783-5241 or anonymously through Crime Stoppers at 1-800-222-8477. Visit http://crimestoppersnebc.ca/  for advice on submitting tips online and to browse the area’s “most wanted” page.last_img read more

HC directs CBI to recall LOC against businessman in corruption case involving

first_imgNew Delhi: The Delhi High Court has directed CBI to recall the Look-Out Circular (LOC) issued against a Hyderabad-based businessman who is an accused in a corruption case involving meat exporter Moin Akhtar Qureshi and the agency’s ex-director A P Singh. Justice Sangita Dhingra Sehgal said since Pradeep Koneru, the businessman, has been regularly joining the investigation, there is no justification in keeping alive the LOC which was issued on May 16 last year. Also Read – After eight years, businessman arrested for kidnap & murder “Since the petitioner (Koneru) has been regularly joining investigation, there is no justification in keeping the present Look-Out Circular dated May 16, 2018, alive. The same be recalled by the issuing authority,” the court said. The court also imposed certain conditions on Koneru, including that he has to join the probe as and when called by the investigating officer (IO) and cooperate with the CBI. It also said that in case he has to travel abroad, he has to furnish to the IO the details of the country where is proposes to go, one week prior to the visit. Also Read – Two brothers held for snatchings “The petitioner shall not travel abroad for more than two weeks in one month… The amount of Rs six crore deposited by the petitioner in the court shall be kept in the form of FDR till March 31, 2021 on auto renewal basis,” the court said. In case of any violation of the conditions by Koneru, the FDR will be forfeited and the CBI is at liberty to take appropriate recourse in accordance with the law, it said. It asked the trial court to return his passport and directed the high court registry to communicate a copy of this order to the FRRO. The high court passed the order on Koneru’s plea seeking quashing of the LOC issued against him by the CBI in the corruption case. The FIR, in connection with which Koneru was being questioned, was filed in 2017 by CBI after ED and Income Tax department’s probe into money laundering and black money allegations against Qureshi allegedly revealed involvement of senior public servants. The ED had written a letter to the CBI in this regard and it had in 2017 lodged an FIR against the meat exporter as well as its former director A P Singh, Koneru and several others. Another Hyderabad-based businessman, Sathish Babu Sana, on whose complaint a bribery case was filed against then CBI special director Rakesh Asthana, is also a witness in this case. Koneru is a prosecution witness in the ED case. During the arguments earlier, the CBI counsel had admitted in the court that Koneru was an accused in the corruption case and a division bench of the high court had on February 5, directed that no coercive steps be taken against him, which direction is still continuing. The court, in its order, noted that the record revealed that Koneru has joined the investigation in the case prior to issuance of the LOC. The businessman’s counsel had submitted that Koneru would record his undertaking to the court that he will continue to cooperate in the investigation and will not tamper with evidence or influence any witness. In this regard, the judge also recorded the statement of Koneru, who was present in the court.last_img read more

Ports Boutique Hotel ranked Australias best 45 star

first_imgThe Port Douglas Peninsula Boutique Hotel has taken out the hotly contested 4.5 star luxury accommodation category in the Accommodation Association of Australia’s 2011 national accommodation industry awards for excellence held in Sydney last Friday night.The luxury accommodation field had the most finalists of all 37 categories, and the Four Mile beachfront boutique property took the Gold award from a field of 15 which included national brands such as The Sebel Group, Radisson, Crowne Plaza, Accor and Novotel runners up Novotel Barossa Valley Resort (Silver) and Novotel Woollongong North Beach (Bronze) Owner Sheryn Blundstone said the association had sent a mystery shopper to the property in May, to assist in the evaluation which included service, facilities, location, inclusions and attention to detail.“We didn’t know the mystery shopper visited, but we treat all our guests with the same attention and respect,” she said. “My husband Phil and our entire staff are focussed on not just providing great accommodation and service but ensuring our guests experience the essence of this incredible place by the top class tours which showcase the natural beauty of the Daintree and the Great Barrier Reef.’’Sheryn Blundstone said the property would use the win to promote the destination in every possible way. “We are the leading holiday destination in Queensland and Australia – unaffected by flooding or cyclones and operating as business as usual particularly now through to December when we are experiencing such beautiful warm sunny days and balmy tropical nights,” she said.Doug Ryan, executive officer of Tourism Port Douglas Daintree, agreed the recognition served to promote the excellence of the region’s tourism product, saying the Gold award was a great result for a fantastic property in an amazing location.”Winning this prestigious award shows the quality of product in our destination. Peninsula Boutique Hotel are one of the leading examples of accommodation with friendly personalized service, attention to detail, and most importantly a ‘can-do’ attitude, always ensuring the guests needs come first,” he said.The Accommodation Association is recognised as the leading authority in the accommodation sector within Australia.The Accommodation Association represents a cross section of industry members including hotels, resorts, motels, motor inns, bed & breakfasts, boarding houses, backpackers, caravan parks, timeshares, chains and independent operators in metropolitan and regional Australia adding up to a membership base of over 2000 properties and some 110,000 guest rooms. Source = Port Douglas Peninsula Boutique Hotellast_img read more

Cyfrowy Polsat will roll out a mobile TV service l

first_imgCyfrowy Polsat will roll out a mobile TV service later this year.The Polish pay TV operator said the TV Mobilna service will launch in the second quarter and deliver free and premium TV programming to tablets and smartphones to a potential 15 million people.The service will be based on DVB-T technology and will offer access to eight TV and 12 radio services.last_img

Russian pay TV provider NTV has added a new sport

first_imgRussian pay TV provider NTV+ has added a new sports package to its programming line-up.NTV+ has added Sport Plus to its offering in the western part of Russia. The service offers 10 channels: Match! Futbol 1, Match! Futbol 2 and Match! Futbol 3 in SD and HD, Eurosport 1HD, Extreme Sports, M‑1 Global and Tochka Otryva for a total of RUB399 (€5.40).The new package will offer a lower cost alternative to NTV+’s premium Super Sport package, the price of which is increasing to RUB599 thanks to a price hike by content provider GPM Match.Super Sport offers 12 channels, with Nash Futbol in SD and HD comprising the additional two.NTV+ has meanwhile launched a promotional offering, providing its Basic West package free of charge to new customers for the first three months. The package offers 190 channels covering factual, entertainment, sports, kids and movie genres.last_img read more

Katja Hofem ProSiebenSat1 and Discoverys German

first_imgKatja HofemProSiebenSat.1 and Discovery’s German joint-venture 7TV’s CEO Alexander Vassilev has strengthened his management team by naming Katja Hofem as co-managing director for content, marketing and partner management and Jochen Cassel as co-managing director responsible for finance, legal and HR.The JV has also named Contanze Gilles as SVP of distribution and partnerships.Hofem will be responsible for the development and production of new formats as well as content purchasing as well as the distribution of TV and on-demand content in cooperation with the channel partners and all marketing and partner management issues.Hofem was previously COO of ProSiebenSat.1 TV Deutschland and managing director of ProSiebenSat.1 TV Deutschland for small and new channel development, responsible for the launch of Xixx and Sat.1 Gold. She had previously been responsible for the development of the DMAX channel at Discovery.Jochen CasselCassel, previously managing director of ProSiebenSat.1 Digital, will become CFO of 7TV on April 1.Gilles will oversee partnerships of the JV and the associated brands 7TV, Maxdome and Eurosport player. She was previously VP of partner channels at Sky Deutschland.The launch of the new 7TV platform is planned for the summer. The streaming outfit will air exclusive content including ProSieben co-produced comedy Check Check.Discovery and ProSiebenSat.1 teamed up to launch the streaming platform, combining ProSiebenSat.1’s 7TV and Maxdome services, Eurosport Player and a range of other content, in June last year.last_img read more

In This Issue A sticky question… Budget negoti

first_imgIn This Issue.*A sticky question… *Budget negotiations stall… *BOJ to announce more stimulus… *Gold and Silver reverse…And, Now, Today’s Pfennig For Your Thoughts!Is all debt bad???Good day. I was met with the above question as I walked through the door last night.  As I came home from work my 14 year old asked me the answer to the question ‘Is all debt bad?’.  My daughter, Lauren, is in the middle of exams and she was upset that she had missed this question on a civics exam.  She occasionally reads the Pfennig, and has listened in on enough of our dinner conversations to realize that much of the world is currently in a debt crisis.  So when she was presented with a true false question regarding debt, she answered True – all debt is bad. From reading your comments about yesterday’s Pfennig, many of you would have given Lauren extra credit, but unfortunately I had to let her know that her answer is technically wrong.  As I explained to Lauren, not all debt is bad.  There are times when a country, company, or individual needs to borrow money.  Debt can be used to fund all sorts of very good projects, and keeps economies rolling through slowdowns.  But debt is meant to eventually be paid off, not accumulated in a never ending cycle. So yes, Lauren missed that question on her civics exam; but in a way I am glad she missed it as I don’t think it is a bad thing that my daughter is a bit scared of debt.  I just wish some of our leaders in Washington would match my daughter’s concern over debt accumulation. But enough of my dinner table economics lecture, let’s get to the currency markets.It was a ‘risk off’ day in the currency markets, but the moves were dampened by the holiday thinned trading desks.  The yen finally reversed its recent sell off, and the dollar also climbed a bit as US lawmakers moved further apart on a budget deal.  President Obama told business leaders that budget talks have regressed and accused Republicans of wasting a lot of time with political posturing (perhaps a bit of the pot calling the kettle black). Today we have an absolute plethora of data which will be released here in the US.  We start off the morning with GDP projections for the 3rd quarter which are expected to show the US economy grew just under 3% compared to previous estimates of 2.7% growth.  It is Thursday, so we will also get the weekly jobs numbers which are projected to show another 360k workers filed for jobless claims last week.  Continuing claims are predicted to have increased to 3200k in another indication the labor market will be very slow to recover.  This employment data will be followed up with existing home sales and leading indicators.  Yesterday’s data showed a drop in Housing starts (down 3% MOM) but an increase in building permits (3.6%MOM).  Definitely some conflicting data, so the existing home sales may help give investors a better picture of the housing recovery.  Finally, the leading indicators are expected to show a decrease of .2% during November following an increase of the same amount in the previous month.The yen had dropped for three straight days as investors worried the new Prime Minister would successfully push for more aggressive rounds of stimulus.  The BOJ ends their two day meeting today, and are expected to announce additional stimulus moves. Adding to the worries regarding the yen was a Japanese government report released yesterday which showed the trade deficit widened in November. Traditionally Japan has run a trade surplus, and the deficits have caused investors to re evaluate their demand expectations for the yen.  A country which runs a trade surplus creates demand for their currency, while trade deficits will typically drive the demand for (and value of) a currency lower. The yen has bounced back a bit this morning as some investors apparently believe the three day selloff was overdone.The euro continued to climb through most of the morning yesterday, moving just above $1.33 for a short period.  But the renewed worries out of Washington caused it to give back some of these gains and it is now holding in the $1.32 handle.  I had a reader scold me for not writing more on the Swiss Franc and its recent rise.  I haven’t mentioned the Swiss franc simply because of its peg to the Euro.  So as the euro moves, so will the Swiss franc.  The 3.44% increase in the euro over the past month has been matched with a 3.36% increase in the Swiss franc vs. the US$.  As long as the Swiss National Bank defends the peg to the euro, there is really no need to talk about the Swiss as it is tied to the euro.  Now it will certainly be interesting if/when the peg is relaxed, and you can bet Chuck or I will inform all of you when we start hearing any indications of that.  Until then, readers can simply watch the euro.Several readers asked me to comment on the big drop in gold prices over the past couple of days.  Many of you pointed me toward various manipulation theories, but I think there are two possible explanations for the recent drop in prices.  First, there was improved confidence that a compromise would be reached between the two parties over the fiscal cliff.  As we approached the year end, demand for gold climbed as investors looked for an asset they could hide in if/when our leaders in D.C. took us over the cliff.  A second possible explanation is year-end selling due to the probable increase in tax rates.  Silver has had a nice 12 percent rise this year, and gold is up 6.72% so investors could just be taking these gains off the table before 2013.  By the way, this will be the 12th consecutive year of gains in the price of gold. No matter what caused the selloff, both metals rebounded yesterday as concerns over the fiscal cliff agreement returned.  Negotiations in Washington have deteriorated, so my first theory on what caused the recent sell-off has been flipped and gold is now climbing again.  Most of the gold refineries are also going into a end of year / holiday shutdown, so additional supply will be limited over the next couple of weeks.On a longer term basis, I am confident that demand for precious metals will be increasing.  The fiscal problems facing many of the Western nations will shake global investor confidence in ‘fiat’ currencies.  And my thoughts on the ‘rise of the Chinese consumer’ also support higher metals prices.  As consumers in both China and India see even a slight increase in disposable income, a percentage of that income will likely be invested into the precious metals markets.  Gold and Silver are much more accepted as forms of wealth storage in the Asian cultures, so any increase in disposable incomes should lead toward an increase in demand.  Just another reason I think precious metals should be a part of every investors diversified portfolio.And then there was this. The Fed’s holding of interest rates at record low levels have had a very different impact on two separate classes of investors.  A story I spotted on Bloomberg this morning pointed out the dramatic divergence between savers and professional investors.  The story, written by Bob Ivry starts out with this line “Deepak Narula’s mortgage-bond fund is up 39 percent this year.  George Sanchez’s monthly annuity payout is down 41 percent.”  Ivry goes on to explain some of the unintended consequences of the FOMC’s interest rate policies. “The near-zero interest rate the Federal Reserve charges financial firms, as well as securities purchases that will balloon the central bank’s balance sheet to almost $4 trillion next year, have made it easier for Narula’s $1.6 billion fund to thrive and more difficult for Sanchez, a former college library director, to enjoy retirement.”The story includes an excellent quote by Nobel Prize-winning Columbia University economist Joseph E. Stiglitz: “Monetary policy has been indirectly, surreptitiously helping the top and hurting the bottom.”  Stiglitz blames the Fed policies for starving money-savers of income and boosting certain asset prices, widening the gap between the rich and the rest of the country.  Bob Ivry has written some excellent pieces on the Fed, and I always enjoy reading his take on things. To recap. Debt is not always bad, but the constant accumulation of debt is! Budget negotiations hit a snag, sending investors back toward safe havens.  Today will be a big day for data here in the US markets, but holiday thinned trading desks should keep volatility down. The BOJ is expected to announce more stimulus, but the yen has already been adjusted for the expected increase in supply. Gold reversed its recent sell off, and started moving back up on worries on the budget negotiations. And the FOMC’s zero rate policies have caused a divergence in returns for savers vs. professionals.Currencies today 12/20/12. American Style: A$ $1.0493, kiwi .8343, C$ $1.0113, euro 1.3255, sterling 1.6262, Swiss $1.0974. European Style: rand 8.5159, krone 5.5498, SEK 6.5114, forint 216.0, zloty 3.0708, koruna 19.0335, RUB 30.6835, JPY 84.10, SGD 1.2184, HKD 7.7501, INR 54.8544, China 6.2306, pesos 12.7715, BRL 2.0619, Dollar Index 79.163, Oil $89.88, 10-year 1.78%, Silver $31.22, Gold $1,670.62, and Platinum $1591.24.That’s it for today. Congratulations to Antione Lawrence as his lovely wife Brooke gave birth to a beautiful baby girl yesterday.  It is the couple’s first child, and the first of three babies on their way for the WorldMarkets desk (Both Mikes, Harrell and Meyer, are also expecting).  We anxiously awaited the news yesterday morning after Antione let us know he and Brooke were headed into the hospital.  Both baby and mom are doing fine, and I’m sure proud papa Antione is beaming!  Sounds like we could see our first snow of the year, it is currently raining but the temps are supposed to drop and the rain should turn to snow later today.  I will wrap up today’s Pfennig on that great news.  I hope everyone has a great day, and thanks for reading the Pfennig!Chris Gaffney, CFA Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

By EB Tucker editor Strategic Investor

first_imgBy E.B. Tucker, editor, Strategic Investor E.B. Tucker Editor, Strategic InvestorP.S. I’ll be at the second annual Legacy Investment Summit in Southern California from September 23-25. I’d love to meet you and chat about investments, traveling, art, and more.I hope to see you there.If you’re interested in joining, don’t delay… Spaces are filling up fast. Click here to reserve your tickets. Regular readers know I like to share what I’m doing outside of the markets.I believe it’s the experiences away from the desk that do more for long-term success than anything you can accomplish at the office.With that, I’m excited to share details on my latest trip with you. It’s a special two-part series on art that I hope you find useful.Let’s get started…Last month, I went to Marfa, Texas. It’s an out-of-the-way place with a population of 1,800. It’s not a place you’d expect to see world-famous art.In the 1970s, artist and architect Donald Judd moved to Marfa. He had risen to a somewhat famous status in New York City but he was frustrated with the art scene.Judd wanted to be away from people. He liked the American West. He took out a map and circled rural areas that seemed like they’d suit him. Marfa won. Marfa, Texas is three hours southeast of El Paso, not far from the Mexican borderFor about 100 years prior, Marfa wasn’t much more than a dried-up town where the train used to stop. After the end of the coal-powered steam engine, the town’s status as a water refueling station didn’t mean much. Downtown MarfaMarfa also has a military history. During World War II, there were several military training areas in the region. Judd bought a small, walled complex of abandoned buildings in the town formerly used by a military quartermaster. He transformed the complex into his home and studio.The locals thought this was strange. They were right. Judd went on to buy an old 340-acre military site south of town. It housed Nazi POWs during the war. With dozens of abandoned buildings on-site, he set out to turn the base into a permanent art installation.Permanent art means it sits there forever. The idea is you look at it, ponder it, and then move on. I’ll explain why that’s an important part of art later.In the picture below, notice the large silver boxes positioned in a straight line. They’re made of aluminum. Each one weighs 2,000 pounds. Judd had each of the 100 boxes fabricated with different internal dimensions. He placed them in three perfect lines roughly 30 years ago, and they haven’t moved since.Standing in the middle of this building is a unique experience. The giant quarter-pane windows let in a lot of west Texas sunlight. The symmetrical organization of the exhibit is purposeful. Former military building at Donald Judd’s Chinati Foundation in MarfaJudd insisted people not take photos while looking at his work. He was on to something. These days, people can’t look at anything without taking a photo of it on their smartphone. Judd realized that when you stare at a device and not the art, you’re not experiencing it.The Point of ArtJudd died in 1994. He left behind several foundations to preserve his work. He was an odd guy.For instance, he had thousands of books in his library organized by the author’s birthdate. I saw his library in Marfa. He also built uncomfortable furniture for the library. He thought that while reading you shouldn’t get too comfortable, or you’d lose focus.This is all part of why I enjoy art. It’s odd. The point of it is merely to observe and enjoy. It took me decades to discover this simple pleasure.I grew up in rural eastern North Carolina. I don’t remember people talking about art. My guess is they feared being mistaken for a liberal, which was essentially a communist in their eyes.Most of the artworks I saw were dark oil paintings depicting a fox hunt, a Civil War scene, or something related to early American history. I just didn’t get it.It wasn’t that we were hayseeds – far from it. We visited all the major U.S. cities. We visited the requisite museums to see the important stuff. What I didn’t know was how to look at a piece of art and simply enjoy it.Let It Speak to YouPeople said a piece of art spoke to them. My first thought was if a painting talks to you, you’re clinically insane. All of a sudden, that phrase made sense to me. It happened one day five years ago.I was in Paris waiting for Bill Bonner. In 2014, I helped him launch The Bill Bonner Letter (now The Bonner-Denning Letter). If you keep up with Bill, you know he spends a lot of time in “out of the way” places.That summer, he was on the way to his chateau in central France. It’s a few hours south of Paris. Since the directions were complicated, he asked me to wait for his other guests in Paris before heading south.With a few days to kill in Paris, a friend from Brussels gave me a list of several lesser-known museums to visit. He’s a major player in the art world. He told me there are around 130 museums in Paris. Most people only visit the Louvre.I ended up at a small museum on the north side of Paris. It had nothing but Claude Monet paintings. I spent half the day sitting and staring at his works. I figured out why I didn’t understand the detailed oil paintings I remembered from childhood. Monet smashed that style, kicking off the Impressionist movement.I’m simplifying a big part of art history, of course. The style change of the 1870s wasn’t something we should reduce to a few sentences. However, the contrast between Monet and his predecessors is shocking. Impressionist paintings are generally bright and a little messy, and they’re begging you to find the portrayed scene within that mess.I discovered that I liked Impressionist work. I liked Monet and his contemporaries. And that’s enough to enjoy art.Back to MarfaMarfa is an art mecca. If you enjoy culture, excellent cuisine, and progressive art all situated in the middle of nowhere, you might want to visit.On the drive from El Paso, you’ll pass a seemingly random building. It’s a replica of a Prada store. The shoes and handbags are real, yet there’s no one in the store. The contrast of the haughty brand against the barren west Texas landscape is interesting. “Prada Marfa” permanent art exhibit near Valentine, TexasOf all the art I saw over several days in Marfa, I did have a favorite.When Judd bought the abandoned military base south of Marfa, he had a plan. He gave each of his artist friends one of the buildings. He asked that they each create a permanent art installation in their building.Judd’s friend Dan Flavin chose six U-shaped former barracks. He painted the walls and ceilings white. He asked viewers to enter the building at the tip of the “U,” walk to the back, then turn and view each of the six exhibits. Dan Flavin’s permanent light exhibit at the Chinati FoundationFlavin designed the exhibit before his death in 1996. Other artists took his plans and completed the work. Walking building to building looking at the six exhibits from each side is a unique experience. If you enjoy art, it’s something to see.Art Can Be an InvestmentTraveling to see obscure art is an exciting hobby. It will also keep you away from homogenous mobs of Americans flocking to see overcrowded sites like Yellowstone or Mount Rushmore.The art a person enjoys seeing says something about them. The art a person chooses to hang on his wall says everything about them.I’ve turned my art hobby into an investment. I don’t intend to make a fortune from the pieces I buy. However, I also don’t want to own things I can’t sell.There’s nothing wrong with buying a painting you like for sale on Main Street in a ritzy tourist town. Just don’t expect to ever sell that painting for more than $100. I call this consumption art. I want to own investment art.I found a way to enjoy and invest in art at the same time. I had some help discovering it. I’ll tell you all about it tomorrow in part two.Regards,last_img read more

LUKE Walsh says last seasons heavy loss in Catala

first_imgLUKE Walsh says last season’s heavy loss in Catalan will be in the players’ minds when they face the Dragons on Saturday – but only to sharpen their minds on the task in hand.The scrum half is set to play his fifth game since returning from injury and knows Saints will have to play well to get the win.“It’s always difficult playing them over there – I remember last year we went over and got touched up,” he said. “We have to play really well to beat them.“I’ve played a fair bit of footy against the likes of Scott Dureau, Todd Carney and Willie Tonga and we will have to be on our game.“Willie was outstanding last week and Scottie is a smart player. Todd has the whole lot and if he plays our defence has to be spot on.”Saints’ record in Perpignan is pretty good.Before last season’s loss they’d won five straight in France – and they head into the clash on the back of three wins in their last four Super League matches.Luke continued: “We didn’t play our best against Widnes but got a good win. The performance against Wakefield was much better and we can take a fair bit of confidence from that.“We scored some great tries and it was good to have Mark Percival back in the side. Hopefully this week we can put another performance in.”Luke won the man of the match award for his display in the 44-4 win over Wakefield.He bagged a brace and had a hand in the majority of Saints’ other seven tries.“It’s great to be back; it’s been a long time and I’m enjoying it. I thought it would be hard for me to pick it back up but the boys have made it quite easy for me.“Keiron has helped too with easing me back into the side and starting against Widnes and then Wakefield really stepped up my game.“I know there is still more work to do.”last_img read more

Expanse Appoints Sherry Lowe as Chief Marketing Officer

first_imgLowe joins Expanse to Lead Global Marketing and Accelerate the Company’s Rapid Customer Growth across Fortune 500 and Government OrganizationsExpanse, the leader in helping IT operations and security teams discover, manage, and secure all of their global internet assets, announced it hired veteran marketing executive, Sherry Lowe, as Chief Marketing Officer. Lowe will spearhead the company’s global brand and demand generation efforts and will report directly to Tim Junio, co-founder and CEO of Expanse.Lowe brings more than 20 years of marketing leadership and enterprise software experience across cloud, storage and platform technology. She joins Expanse after serving as Chief Marketing Officer at Druva, where she oversaw marketing strategy and broadened Druva’s awareness worldwide. Prior to that, Lowe was the Vice President of Worldwide Corporate Marketing and Communications at Splunk, where she built out the corporate marketing team of more than 50 employees and was pivotal in leading the company’s corporate marketing and communications teams during its transition to a public company in one of the largest tech IPOs of 2012.Marketing Technology News: SessionM Demonstrates How to Turn Data into Loyalty at Salesforce ConnectionsPrior to Splunk, Lowe served as Vice President of Marketing at MarkLogic, where she led all inbound and outbound marketing programs. She also held various marketing positions at Actian (formerly Ingres), Savvion (acquired by Progress Software) and Business Objects (acquired by SAP). Prior to becoming a Silicon Valley marketing executive, Lowe was an award-winning broadcast journalist. She was one of the first female sportscasters in the country, working for FOX and ABC affiliates. Lowe has degrees from Arizona State University and Indiana State University.“Sherry is a seasoned leader who brings outstanding judgment and extensive marketing, branding, public relations and go-to-market expertise to Expanse,” said Tim Junio, co-founder and CEO of Expanse. “We are now primed to scale rapidly. We just closed our Series C. We have product market fit with over $100 million in federal contracts across all military services and a growing customer base in the Fortune 500. Sherry will play a critical role in building a global brand and expanding our mission and vision to capitalize on this incredible market opportunity.”Marketing Technology News: Actions, Not Words: The Economist Group Unveils Global Social Purpose Research at Cannes Lions International Festival of Creativity“I have admired Expanse for quite some time and am excited to lead a marketing organization that is helping drive the phenomenal growth and traction that Expanse has seen in just a few short years,” said Sherry Lowe, Chief Marketing Officer of Expanse. “Digital transformation is driving business today – across the enterprise and in government – but it is leading to a state of insecurity. Expanse is a one-of-a-kind platform that keeps our customers safe by telling them in real-time what they own, what’s at risk and how to protect their most critical internet assets. It is an incredible story to tell and as a marketer I’m excited to share it as part of the opportunity to build an iconic brand at a rapidly growing company.”The addition of Lowe as Chief Marketing Officer comes on the heels of hypergrowth at Expanse. In April,  Expanse raised $70 million in Series C funding led by TPG Growth, and with return investments from NEA, IVP, Founders Fund, and MSD Capital. The company has tripled sales year-over-year since product launch in 2016 and has dozens of Fortune 500 and government organizations using its services, including CVS/Aetna, PayPal, Capital One, Allergan, Hudson’s Bay Company, the US Army, US Navy, US Air Force, and the Departments of Defense, Energy, and State.Marketing Technology News: AUDIENCEX Continues Momentum with 300% Revenue Growth and Strategic Leadership Appointments ExpanseMarketing TechnologyNewsSherry Lowe Previous ArticleMarTech Interview with Alan Braun, CEO at IngageNext ArticleADK, Japan’s Third-Largest ad agency, partners with CHEQ for Brand Safety and Anti-Fraud Prevention Expanse Appoints Sherry Lowe as Chief Marketing Officer PRNewswireJune 20, 2019, 1:35 pmJune 20, 2019 last_img read more

Image Navigation announces worlds most advanced imageguided implant dentistry system

first_img Source:https://image-navigation.com/ The last few years have seen new opportunities open up in dentistry with significant growth in the dental implant market combined with technological improvements and cost reductions.It is estimated that more than eight million dental implants were placed in patients across the world in 2018, with more than three million in the United States alone. This USA figure is expected to increase by 33 percent to four million by 2022 and the growth rate in other areas, especially in Asia Pacific, is expected to be even faster. In the UK, there were an estimated 260,000 implants in 2018 which is double the number five years ago.Related StoriesTAU’s new Translational Medical Research Center acquires MILabs’ VECTor PET/SPECT/CTResearch sheds light on sun-induced DNA damage and repairPET/CT imaging spots cardiovascular disease risk factors in OSA patientsRecent data also indicates dramatic shifts in the usage of technology for the placement of dental implants. In the USA alone, the market for dental CT scanners (CBCT Cone Beam scanners) has increased by over 300 percent from approximately 8,000 in 2012 to over 28,000 in 2018 and is forecast to be more than 40,000 by 2022.When using the IGI system, the dental surgeon views the tip of the drill and the pre-operative plan both superimposed onto a 3 dimensional CT scan that displays the bone, adjacent teeth, nerve canal, roots and sinus area.  The IGI’s on-screen display has a unique fluent tracking system with zero latency. It adds real-time navigated digital surgery to digital imaging, digital planning, and digital restorations, thereby completing the digital puzzle. This new image-guided implant (IGI) system extends the use of CBCT scanners to include intra-surgical navigation and has real-time, speed of light, tracking with absolutely no on-screen lag. It also has sub-millimeter accuracy and a robotic auto-stop for maximum safety where the drill motor stops automatically and instantly turns off the drill if it is placed outside of the planned surgical area. Our new system seamlessly integrates the advantages of freehand surgery, including unfettered vision of the surgical site, retention of the surgeon’s tactile feel and the application of intra-surgical clinical judgment.”Mr Lawrence Obstfeld, CEO of Image Navigation, developer of the world’s leading dental navigation technology This new image-guided implant system enables dentists to undertake their procedures with reduced stress as it allows them to be totally precise in their actions and gives them the assurance that they will be able to repeat their work with consistency.”Lawrence Obstfeldcenter_img Data shows that more general dentists across the world are using the new, more affordable, technology which minimizes post-operative complications, reduce surgical treatment time and ensure greater accuracy when placing implants. The surgeon is able to monitor the drilling path on-screen and make precise adjustments to ensure the most accurate dental implant placement during surgery.”Lawrence Obstfeld Mar 11 2019Image Navigation is announcing, at the 2019 IDS in Cologne, the world’s most advanced image-guided implant dentistry system.last_img read more

German utility EON to cut 5000 jobs in RWE megadeal

German energy giant EON to buy RWE subsidiary Innogy © 2018 AFP German utility EON on Monday said it plans to cut up to 5,000 jobs as part of its takeover of the renewables unit Innogy from rival RWE, in a deal that will redraw the country’s energy landscape. 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. In a joint statement, EON and RWE said they planned to complete their asset swap transaction, which surprised investors when it was unveiled this weekend, “by the end of 2019”.EON said it expects the Innogy takeover to generate some 600 to 800 million euros in savings annually from 2022, but warned that the “integration process” will lead to “a reduction of a maximum of 5,000 jobs” out of a total of around 70,000 jobs.”At the same time, EON anticipates to create thousands of new jobs in the coming decade,” the statement added.The ultimate goal of the transaction is to allow EON to focus on retail customers and on managing energy networks, essentially buying and selling electricity, while RWE will specialise in generating power from fossil fuels and renewables.The complicated arrangement comes amid huge upheaval in the sector as Europe’s top economy switches from conventional to renewable power under the government’s so-called “Energiewende” or “energy transition”.The deal would first see EON acquire RWE’s 76.8 percent stake in Innogy, valuing the clean-energy spin-off at some 22 billion euros.Pending the green light from financial regulators, EON then intends to make a voluntary takeover offer to Innogy’s minority shareholders from “early May”, offering 40 euros per share.RWE for its part would gain an effective participation of 16.67 percent in EON—turning the one-time competitor into EON’s largest shareholder.The next step of the deal would see RWE take control of EON’s renewables business, including Innogy’s renewables, its gas storage business, its stake in Austrian energy supplier Kelaq and EON’s minority stakes in two nuclear power plants. In return, RWE will make a cash payment of 1.5 billion euros to EON.Innogy’s energy networks and customer base would remain with EON.The transaction is still subject to regulatory approval.The deal would make RWE “a leading European electricity producer,” according to the statement, as the firm becomes Europe’s third-largest renewables producer while also hanging on to gas and coal-fired power plants to ensure “security of supply” despite their harmful impact on the environment.EON meanwhile said it would “focus entirely on meeting the demands of its around 50 million customers across Europe”, and pledged to look into novel climate protection solutions—such as the faster roll-out of charging stations for electric cars.Merkel welcomes dealChancellor Angela Merkel welcomed the companies’ manoeuvres earlier Monday, saying she was “confident” both EON and RWE were working to find “the best ways” to assure “the supply of sustainable energy” and respond to the country’s energy shift.Germany’s energy market has been rapidly transformed since Merkel announced a phase-out of nuclear power after Japan’s 2011 Fukushima disaster.Under the “energy transition”, Germany has raised the share of solar, wind and other renewables to about one third of electricity production.As wholesale power prices have dropped, the big utilities have been forced into major restructuring.In response to those challenges, EON spun off its fossil fuel operations and invested heavily in renewables, while RWE remains the biggest power producer and still operates major coal-fired plants.In a separate statement Monday, EON unveiled its 2017 financial results, which showed adjusted net profits jumping 58 percent year-on-year to 1.4 billion euros.Operating, or underlying, profit came in at 3.1 billion euros, while EON was also able to trim its massive debt from 19.7 billion last October to 19.2 billion euros.RWE is due to announce its results on Tuesday. Citation: German utility EON to cut 5,000 jobs in RWE mega-deal (2018, March 12) retrieved 18 July 2019 from https://phys.org/news/2018-03-german-eon-jobs-rwe-mega-deal.html RWE is selling German energy renewables unit Innogy to EON in a complex deal that will redraw Germany’s energy landscape read more