Go back to the enewsletterHeckfield Place, 50 kilometres west of London’s Heathrow airport, should be in the diary now for everyone who loves nature, history, authenticity, a sense of fun and great food. And yes, it does feel a little Australian, in a way.First, the setting: an 18th-century country palace set in 162 hectares of exquisite landscape complete with forests, lakes and a working farm. Entrepreneur Gerald Chan fell in love with the place, bought it in 2002 and ran it as a conference centre for some years before deciding a hotel would be more suitable. With Chan care, what was originally intended to open in 2012 in fact accepted its first guests 1 September 2018.I had to go to experience this 47-room hotel, independent but for a partnership with Virtuoso. After a long private driveway, you arrive Downton Abbey-style at the statuesque front door of the original two-floor mansion. A couple of bellmen have been alerted by security back at the outer gate. These two, like all of the 170-strong team who are customer-facing, are clad in absolutely adorable, vaguely 1910s-style uniform; all the fashion is by Maureen Doherty, whose clients range from Mrs May to actors Maggie Smith and Tilda Swinton.Entering through the front door, you gasp at high ceilings with chandeliers, polished oak floors and furniture chosen with discreet style by designer Ben Thompson (a name to watch). Immediately, you have a view straight through the house and across sculpted gardens to a massive lake with a jet d’eau as high as Geneva’s.Surrounding you are displays of fresh flowers, proper home arrangements, rather than hotel ‘show-off displays’. A half-finished jigsaw will, eventually, show Heckfield Place in the snow; in summer, another jigsaw shows the same picture in the sun. Public rooms, like bedrooms, are hung with over 350 pieces from Gerald Chan’s art collection, which he seems to change daily when he is in residence.And he is very much hands-on. Fortunately, he has an extremely good rapport with the two most important women of Heckfield Place. GM is Olivia Richli, whom so many know for her years at Aman properties (Adrian Zecha remains her mentor). She arrived 15 months before the opening, in time to instil her special flair. The Chan-Richli team hosted an afternoon tea party with champagne and jazz for locals on opening day. To spread the word about the bedrooms, they invited five influencers from different target markets to each host one-night house parties for 12 guests, all of whom later posted and chattered. Not surprisingly, the hotel immediately got off to a much-acclaimed start.Olivia Richli says one of the success secrets here is that accommodations vary from 330 to 1,900 square metres. The biggest suites, in the main house, are ideal for those who want to feel they really do own a manor house, waking in the morning to look at those fountains through big windows. But quite apart from the fact that my own house is early 19th-century, with stunning rural views, I was really pleased that I was overnighting in #30, a 55-square-metre space in the old stable block.It features soft avocado walls, some hung with rush hats and baskets which match a cashmere throw on the bed with rush headboard. The bathroom features a heated towel rail and Victorian roll-top tub, with cuddly Ploh robes. Add to that half a dozen living green plants and dozens of fascinating reads, including Virginia Woolf’s A Room of One’s Own, chosen by Daunt Books. The refreshment centre is unique: complimentary soft drinks include hotel-bottled still and sparkling waters and lemonade. Instead of the now-ubiquitous espresso machine, there is an exquisite black cast-iron tea kettle.The second woman of note here is Sydney-born Skye Gyngell (daughter of Bruce), trained in the kitchen by such masters as Anton Mosimann and Anne Willan. She made the world food map at Petersham Nurseries in England, but when it gained a Michelin star – which she described as a curse – she moved on to Spring restaurant in London’s Somerset House and then here, to Heckfield Place.As those who have already tried it know, her food is addictive. At dinner, I loved her burrata with crispy artichoke and confit lemon, followed by local River Test trout with samphire and cauliflower purée, which is served with a side of greens with Capezzana (Moraiolo) olive oil. I finished with a single scoop of home-made cardamom ice-cream. I also liked the house red, Gayda En Passant 2016 (I had earlier toured the 360-bin wine cellar, chosen and managed by chief sommelier Louise Gordon, formerly at Limewood). The restaurant, which flows out to a garden-view terrace when the weather allows, is open to the public and is full most nights. Hotel guests can also eat, at any time, in more exclusivity in a brick-lined bistro.There is so much to do at Heckfield Place that it is easy to understand why one party has already stayed four times in the six months since opening. I could have walked for hours and hours in the grounds, visiting the hotel’s own working farm, which is already home to sheep and chicken, with Guernsey cows arriving shortly. A thoughtful map helps with tree identification as you walk or run. There is already a bijou gym with latest Technogym bits, but a full fitness centre (with indoor lap pool) is yet to open alongside the Bothy Spa, scheduled for the end of 2019.And do take note of Heckfield Place’s unique Assembly program, overseen by exhibition specialist Lucy Hyslop. This offers guests – and anyone else who wants to come – at least one event a day, including talks on memories and scent and, using the 67-seat cinema (which has holders for your wine glass), showings of new-release films, which have included The Front Runner and Mary Queen of Scots. Separately, the educational company Hole & Corner runs day-long courses at least twice a month; coming up in April are rush weaving and bench woodwork. The instructors, not surprisingly, are the very artisans who have crafted pieces throughout Heckfield Place.Go back to the enewsletter
26Oct Rep. García welcomes ‘Junior Representative’ to State Capitol Categories: Garcia News,Garcia Photos State Representative Daniela R. García is joined by Tyler at the State CapitolState Representative Daniela R. García today welcomed Zeeland homeschool student Tyler Scholtens to serve as ‘Representative for a Day,’ and to shadow her in Lansing.Tyler became eligible for the special visit based on his participation in Representative García’s summer reading contest. The contest invited students to track the books they read during the summer and submit a contest bookmark in drop boxes at their local libraries in Holland, Hudsonville and Zeeland by Sept. 1.Tyler was selected at random as the winner via a live drawing in the representative’s office. A recording of the drawing can be found on Representative García’s website, www.repdanielagarcia.comTyler and his family joined Representative García for today’s legislative activities, attending committee meetings, and joining her in session on the floor of the Michigan House Chambers.“It was a privilege to host Tyler and his family at the Capitol,” García said. “Tyler and students like him represent the next generation of leaders in Michigan.###
Eutelsat Communications has successfully launched its Eutelsat 3D satellite, which will serve customers in Europe, North Africa, the Middle East and Central Asia.The satellite was launched yesterday by an ILS-supplied Proton Breeze M rocket and will initially operate at the 3° East location until the deployment of the Eutelsat 3B satellite to this position in 2014. It will then continue service at 7° East.Eutelsat 3D will address high-growth video, data, telecom and broadband markets and serve customers through a configuration of Ku and Ka transponders connected to three footprints. A fourth service area in the Ku-band will serve markets in sub-Saharan Africa.With the launch, Eutelsat said that it has also signed a new contract with ILS for a satellite to be launched between 2014 and 2016. This will be the eighth satellite to be launched for Eutelsat by the Proton launcher.Proton released Eutelsat 3D into geosynchronous transfer orbit following a 9-hour, 13-minute flight. The partial deployment of the satellite’s solar panels was successfully completed from Eutelsat’s control centre in Rambouillet 3-hours and 15-minutes after separation from the rocket.
Silver followed the same path as gold did yesterday, except for the fact that there was a smallish rally in the early going in London. From there it traded sideways before meeting the same fate as gold at the 8:20 a.m. Comex open in New York. The low price tick [$28.35 spot] came fifteen minutes after the 1:30 p.m. Eastern time Comex close. From there it rallied a bit into the close of trading. Silver finished the Monday session at $28.54 spot…down 4 cents. Volume was around 31,000 contracts. John Embry said over a decade ago…the miners are either “ignorant, naïve…or complicit.” Gold rallied in early Far East trading on their Monday, but that didn’t last long before it got sold back to unchanged from Friday’s close. Selling pressure showed up at the Comex open once again…and the low price tick of the day [$1,568.70 spot] came at 2:45 p.m. in New York. From there it rallied a few dollars into the 5:15 p.m. Eastern time electronic close. Gold ended the trading day at $1,574.60 spot…down $2.20. Net volume was pretty light…around 105,000 contracts or so. Sponsor Advertisement The gold stocks got sold off the moment that trading began at 9:30 a.m. Eastern time on Monday…and then continued lower for the rest of the day…closing just off their lows. The HUI closed down another 2.80%. The silver stocks got slammed again…and Nick Laird’s Intraday Silver Sentiment Index closed down 5.18%. (Click on image to enlarge) I have no idea whether we’ll go lower from here or not. But as I’ve been saying for years, the miners will never address the real issue…and that’s the price management scheme in all four precious metals by JPMorgan et al. And as I said last week, they’d rather let their companies crash and burn than live up to their fiduciary responsibilities to their shareholders…and if you doubt me, just pick up the phone and talk to any precious metal mining company about this. Normally I’d tell you what the answer will be, but you should find out on your own. But I can tell you that they don’t give a damn about you…and that’s one of the things you’ll find out pretty quick. And don’t expect anything from either the World Gold Council or The Silver Institute. The reason they are there is to make sure that this issue never sees the light of day within the gold and silver mining industry. As Sprott Asset Management’s John Embry said over a decade ago…the miners are either “ignorant, naïve…or complicit.” Two of those three cop-outs existed ten years ago, when it was just us “conspiracy theorists” pounding at the gates. Well, conspiracy theory has now become conspiracy fact…and “ignorant and naïve” no longer apply…as everyone one of them knows what’s going on, even if they won’t publicly admit it. And the fact that they aren’t doing anything means that they are all complicit now…silent co-conspirators along side JPMorgan et al. You couldn’t make this stuff up. In overnight trading, the gold price rallied until about 3:00 p.m. in Hong Kong…and has since rolled over, but is heading a bit higher in London as I hit the ‘send’ button. Silver rallied even more strongly, but got hammered as it tried to break above the $29 spot price mark going into the London open. Gold volume, as of 5:15 a.m. Eastern time, is slightly higher than ‘normal’ for this time of day…and silver’s volume is substantially higher, as I suspect that JPMorgan had to throw a lot of short contracts at that rally to prevent it from blowing sky high, which it would have done had they not shown up to put out the fire. The dollar index has been heading lower all night…and as of this writing is down about 23 basis points. As I hit the ‘send’ button at 3:20 a.m. Eastern time, gold is up about seven bucks…and silver is up 30 cents. Today, at the close of Comex trading, is the cut-off for this Friday’s Commitment of Traders Report. Last Tuesday we had a big rally in both metals, which really distorted the COT numbers in last Friday’s report. But since then, JPMorgan et al have got prices back down again, so if things don’t blow up again today, we might actually get a more realistic look at the short positions in both gold and silver on Friday. We’ll just have to wait and see what happens in New York, as that’s where all the trading activity that really matters, takes place. See you tomorrow. (Click on image to enlarge) As many pundits have stated, the XAU/GOLD Index is at an all-time record low…and here’s the 3-year chart for that. (Click on image to enlarge) Try as I might, I could not get the stories down to a manageable number, so the final edit is up to you. Over the last three reporting weeks, the total commercial net short position in COMEX silver has declined by 21,000 contracts, or the equivalent of 105 million oz. Let’s put that into perspective. During that time, the world mined less than 45 million oz, recycled an additional 15 million oz and consumed that 60 million oz of total silver production. Investors also added 15 million oz to holdings (SLV and COMEX alone) over that same time period…and the price dropped by $4…or 12%. How in the world could the commercials on the COMEX buy 105 million paper oz on a 12% decline in price with the background I just described in a market that wasn’t manipulated? I’m not kidding – if anyone has a legitimate explanation, please drop me a line. – Silver analyst Ted Butler…02 March 2013 With gold down a couple of bucks…and silver down a few pennies on Monday, it was a shock to everyone to see their associated equities get slammed once again. I would suggest that this sell-off had more to do with forced liquidation than panic liquidation. I’m sure that virtually every precious metal mutual fund that contains their equities are getting massive redemptions…and the funds are forced to sell whether they wish to or not. It can end up being a vicious circle at times…and this is certainly one of those. Here’s the 3-year HUI chart as ‘for instance’. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation (March 2012) of 49,320,000 mt @1.09 g/t for a total of 1,735,000 contained gold ounces in the inferred category using a 0.5 g/t cutoff. Please visit our website for more information. The dollar index opened at the 82.27 mark on Sunday night in New York…and spiked up to its high of the day [82.47] around 9:30 a.m. in London. From there it declined slowly for the rest of Monday…finishing the day at 82.15…down 12 basis points from its close on Friday. (Click on image to enlarge) The CME’s Daily Delivery Report for ‘Day 3’ of the March delivery month showed that 39 gold and 21 silver contracts were posted for delivery tomorrow within the Comex-approved depositories. The link to that activity is here. There was a small withdrawal from GLD again yesterday. This time it was only 19,354 troy ounces. An authorized participant also made a withdrawal from SLV yesterday to the tune of 140,983 troy ounces. The U.S. Mint had a sales report yesterday. They sold 5,500 ounces of gold eagles…and a chunky 763,000 silver eagles. Over at the Comex-approved depositories on Friday, they had a rare day where no silver was either shipped in or shipped out. Nick Laird sent me a couple of charts over the weekend. They are the Intraday Average Gold/Silver Price Movement for the month of February. Starting around 2:20 p.m. Hong Kong time, the sell-off during February was relentless…with only slight differences in timing as to when the selling stopped. For both gold and silver, those time occurred during the electronic market in the New York afternoon, long after the Comex had closed for the day. (Click on image to enlarge)
It’s not exactly news that gold mining stocks have been in a slump for more than two years. Many investors who owned them have thrown in the towel by now, or are holding simply because a paper loss isn’t a realized loss until you sell. For contrarian speculators like Doug Casey and Rick Rule, though, it’s the best of all scenarios. “Buy when blood is in the streets,” investor Nathan Rothschild allegedly said. And buy they do, with both hands—because, they assert, there are definitive signs that things may be turning around. So what’s the deal with junior mining stocks, and who should invest in them? I’ll give you several good reasons not to touch them with a 10-foot pole… and one why you maybe should. First, you need to understand that junior gold miners are not buy-and-forget stocks. They are the most volatile securities in the world—”burning matches,” as Doug calls them. To speculate in those stocks requires nerves of steel. Let’s take a look at the performance of the juniors since 2011. The ETF that tracks a basket of such stocks—Market Vectors Junior Gold Miners (GDXJ)—took a savage beating. In early April of 2011, a share would have cost you $170. Today, you can pick one up for about $36… that’s a decline of nearly 80%. There are something like 3,000 small mining companies in the world today, and the vast majority of them are worthless, sitting on a few hundred acres of moose pasture and a pipe dream. It’s a very tough business. Small-cap exploration companies (the “juniors”) are working year round looking for viable deposits. The question is not just if the gold is there, but if it can be extracted economically—and the probability is low. Even the ones that manage to find the goods and build a mine aren’t in the clear yet: before they can pour the first bar, there are regulatory hurdles, rising costs of labor and machinery, and often vehement opposition from natives to deal with. As the performance of junior mining stocks is closely correlated to that of gold, when the physical metal goes into a tailspin, gold mining shares follow suit. Only they tend to drop off faster and more deeply than physical gold. Then why invest in them at all? Because, as Casey Chief Metals & Mining Strategist Louis James likes to say, the downside is limited—all you can lose is 100% of your investment. The upside, on the other hand, is infinite. In the rebound periods after downturns such as the one we’re in, literal fortunes can be made; gains of 400-1,000% (and sometimes more) are not a rarity. It’s a speculator’s dream. When speculating in junior miners, timing is crucial. Bear runs in the gold sector can last a long time—some of them will go on until the last faint-hearted investor has been flushed away and there’s no one left to sell. At that point they come roaring back. It happened in the late ’70s, it happened several times in the ’80s when gold itself pretty much went to sleep, and again in 2002 after a four-year retreat. The most recent rally of 2009-’10 was breathtaking: Louis’ International Speculator stocks, which had gotten hammered with the rest of the market, handed subscribers average gains of 401.8%—a level of return Joe the Investor never gets to see in his lifetime. So where are we now in the cycle? The present downturn, as noted, kicked off in the spring of 2011, and despite several mini-rallies, the overall trend has been down. Recently, though, the natural resource experts here at Casey Research and elsewhere have seen clear signs of an imminent turnaround. For one thing, the price of gold itself has stabilized. After hitting its peak of $1,921.50 in September of 2011, it fell back below $1,190 twice last December. Since then, it hasn’t tested those lows again and is trading about 6.5% higher today. The demand for physical gold, especially from China, has been insatiable. The Austrian mint had to hire more employees and add a third eight-hour shift to the day in an attempt to keep up in its production of Philharmonic coins. “The market is very busy,” a mint spokesperson said. “We can’t meet the demand, even if we work overtime.” Sales jumped 36% in 2013, compared to the year before. Finally, the junior mining stocks have perked up again. In fact, for the first month of 2014, they turned in the best performance of any asset, as you can see here: (Source: Zero Hedge) The writing’s on the wall, say the pros, that the downturn won’t last much longer—and when the junior miners start taking off again, there’s no telling how high they could go. To present the evidence and to discuss how to play the turning tides in the precious metals market, Casey Research is hosting a timely online video event titled Upturn Millionaires next Wednesday, February 5, at 2:00 p.m. Eastern. You’ll hear from resource legends and investment gurus such as Frank Giustra (watch this short and, I think, highly entertaining video for a taste of what you’re in for), Doug Casey, John Mauldin, Porter Stansberry, Ross Beaty, Rick Rule, and our own Louis James and Marin Katusa. Don’t miss this event—register here for free.
The world’s biggest economy is unraveling. Regular readers know we’re talking about the European Union (EU). The EU is an economic union made up of 28 countries. It was put together after World War II to keep European countries from going to war with one another. Over time, it turned into the world’s biggest economic experiment. And, right now, that experiment is going awry. As you probably heard, the United Kingdom voted to leave the EU a month ago. The “Brexit,” as folks are calling it, shook financial markets from London to New York City. It knocked more than $3 trillion from the global stock market in two days. Then, things calmed down. Over the past three weeks, global stocks have regained more than $4.5 trillion. The S&P 500 and Dow just hit new all-time highs. Many folks now think things are OK in Europe. As you’re about to see, things aren’t fine. That’s because Europe now has a much bigger problem than the Brexit. Italy, Europe’s fourth biggest economy, is racing toward a full-blown banking crisis. Today, we’ll show you why this isn’t just a problem for Italy. It’s a serious threat to all of Europe. One of our analysts even says Italy’s banking crisis could trigger the end of Europe as we know it. • Italy’s banking system is a disaster… Financial Times reported last week: The amount of gross non-performing loans held by the [Italian] banks increased 85 per cent to €360bn in the five years to 2015… The total stock of bad debts — the most distressed part of the pile — more than doubled over the same period. Non-performing loans, or “bad” loans, are loans that trade for less than book value. According to Financial Times, non-performing loans currently make up 18% of all of Italy’s loans. To put that in perspective, U.S. banks had a non-performing loan (NPL) ratio of 5% at the height of the 2008–2009 financial crisis. In short, Italy’s banking system is sitting on a keg of dynamite. Yesterday, The Wall Street Journal explained how Italian banks got themselves into this mess: Bad loans have grown at the astounding pace of €50 billion ($55.05 billion) a year since the 2008-09 financial crisis as banks resisted writing down bad assets. Banks and policy makers awaited a strong economic recovery that would allow debtors to repay more of their loans while providing banks greater profits to cushion write-downs. The recovery didn’t materialize, and the money injected into banks, up to €80 billion, via periodic market recapitalizations quickly dissipated as bank profitability stagnated due to an inefficient, fragmented financial system and near-zero or negative interest rates. • In other words, Italy’s banking system has three big problems… 1) The banks never recovered from the financial crisis. 2) Italy’s economy isn’t growing. And 3) negative interest rates are killing Italian banks. Dispatch readers know negative rates are a new radical government policy. They basically turn your bank account upside down. Instead of earning interest on your money at the bank, you pay the bank to watch your money. The European Central Bank (ECB) introduced negative rates two years ago, hoping this would “stimulate” Europe’s economy. Today, the ECB’s key rate is at -0.4%. That means European banks must pay €4 for every €1,000 they keep with the ECB. That might not sound like much. But it’s a huge problem for European banks that oversee trillions of euros. According to Bank of America (BAC), European banks could lose as much as €20 billion per year by 2018 if the ECB keeps rates where they are. • Italian bank stocks have nosedived… UniCredit SpA (USG.MI), Italy’s largest bank, has plunged 63% over the past year. Intesa Sanpaolo (ISP.MI), Italy’s second biggest, is down 45%. Banca Monte dei Paschi di Siena (BMPS.MI), Italy’s third biggest, is down 83%. And Banco Popolare (BP.MI), Italy’s fourth biggest, is down 79%. These are giant declines. Remember, we’re talking about the cornerstones of Italy’s financial system. Right now, these stocks aren’t telling us everything is OK. They’re saying Italy’s banking system could be insolvent. • The ECB might bail out Italian banks… Yesterday, Mario Draghi, who heads the ECB, said he would support a public bailout of Italy’s banks “in exceptional circumstances.” If this happens, the government will give money to Italy’s troubled banks and make taxpayers pay for it. If this sounds familiar, it’s because the U.S. government did the same thing during the 2008–2009 crisis. It gave hundreds of billions of dollars to the largest U.S. banks because they were “too big to fail.” The average American ended up footing the bill. The Oil Jihad just handed you the BIGGEST energy play of the decade Now you’ll have the chance to turn your next two paychecks into $109,845 or more with my analysis. And you’ll be able to do it over and over and over again for the next 12 months as the Saudis push this jihad to the limits. All it takes is one simple move! Recommended Links — – Rickards: “Don’t Buy A Single Ounce Of Gold…” **This is an URGENT warning from Jim Rickards.** If you’ve seen the writing on the wall, like me, you know that gold could soon hit $10,000 per ounce. However, today I’m urging you NOT to buy a single ounce of gold till you read what I have to say. Click here for access to my urgent gold announcement. • Italian bank stocks jumped on Draghi’s comments… Banco Popolare rose 4.0% yesterday. UniCredit rose 2.1%. And Banco Monte dei Paschi di Siena closed the day up 1.8%. In other words, investors are betting on a bailout. Nick Giambruno, editor of Crisis Investing, also thinks this will happen. He says Europe doesn’t have much choice: Italian banks will be bailed out, somehow, someway. Italy’s systemic weight is too big. A collapse of the Italian banking system is an existential threat to the euro, and probably the whole EU project. Nick, who’s in Italy right now, doesn’t think a bailout will fix Italy’s problems. At best, it will buy Europe time. Nick explains: A bailout won’t fix Italy’s main problem. The country hasn’t had any meaningful economic growth since it joined the euro in 1999. Even if a bailout can postpone a collapse of Italy’s banking system, it wouldn’t prevent a bubbling political crisis. You see, right now, a populist party is gaining control in Italy. According to the polls, it’s the most popular party in the country right now. And it’s gaining followers by the day. Nick says this is something investors can’t afford to ignore: The populist party blames Italy’s economic problems on the euro. It wants Italy to go back to the lira, its old currency. • Nick thinks the populist party could rise to power as soon as October… If this happens, Italy will likely hold a referendum like the UK did. But, this time, Italy will decide if it wants to stay with the euro or go back to the lira. If Italy votes to leave the euro, the fallout could be far worse than what we saw with the Brexit. Italy leaving the euro would destroy confidence in the currency. Longtime readers know this could be devastating. Like all paper currencies, “confidence” is all that backs the euro. If people lose faith in the euro, it will literally become worthless. Nick says this could happen sooner than most folks think: Italy is the third largest country in the eurozone. If it leaves the euro, I think it would destroy the currency. Without the euro, the economic linkages between EU countries would weaken. This could be a fatal blow to the EU itself. Bottom line, the euro and the whole EU project could very well die in Italy over the next six months. • Nick says a collapse of the EU could be “the biggest geopolitical event since World War II”… It could trigger a global stock market crash. It could drag the world into a deep depression. It could spark a global currency crisis. There’s really no way to know what would happen. Like we said earlier, the EU is one of the biggest economic experiments in history. If you’re worried about the state of the EU, you need to protect yourself. Your first step should be to own gold. As we often say, gold is real money. It’s protected wealth for centuries because it’s durable, easy to transport, and easily divisible. Its value also doesn’t depend on any central bank or government. If the euro runs into problems like Nick expects, gold’s value could shoot to the moon. • Nick will talk more about the impending explosion in Europe, and how it could trigger a global economic meltdown in October, in the next issue of Crisis Investing… You can learn how to receive Crisis Investing for 20% off the regular price by watching this video. You’ll also learn about another big crisis on Nick’s radar. As you’ll see, this crisis is already well underway. And it’s happening right here in America. The good news is that you can still protect yourself. We’ll even show you how to turn this coming crisis into a chance to make big gains. Watch this free video to learn how. Tech Recommendation of the Day: Buy or Sell IBM? For today’s and next week’s editions of the Dispatch, we’re sharing a special new feature with you. In place of our usual “Chart of the Day,” you’ll find valuable insight on technology stocks from tech expert Jeff Brown. If you don’t know Jeff, he’s a true tech insider and angel investor. Jeff is a 25-year veteran who’s built early-stage startups and ran organizations generating hundreds of millions of dollars in annual revenues. Yesterday, Jeff explained why tech giant Apple (AAPL) is “absolutely a sell.” Today, he tells us what he thinks about tech blue chip IBM. Keep in mind, the following is from a recent interview between Jeff and Amber Lee Mason, head of our affiliate Bonner & Partners: Amber Lee Mason: What about IBM? Jeff Brown: I am very unimpressed. This is a definite sell, and I think for a lot of people, a bit of a dangerous stock in the sense that people that have invested in IBM for years and years and years just want to hold onto this and expect that it’ll come around. But this is a dangerous stock to be holding, from my perspective. This used to be a $100-plus billion company a few years ago. This year, in 2016, it’s forecasted to be less than $80 billion, so down 20-plus percent in just a few years. They’ve had five years of declines in revenue. Their large legacy business continues to hold the company back. Another example: It’s been way too slow to adjust to crowd-based business models, and a lot of its other businesses, traditional businesses, are lower margin… and it’s just not that competitive. I do like what IBM does from a research perspective, but they really struggle to monetize their research. So a great example would be Watson. You know, they spent billions investing in IBM Watson, which is their artificial intelligence computing platform. And it has been estimated that, in 2015, it only generated about $200 million in revenue. The CEO was quoted as saying recently that, by 2018, she hopes Watson will generate about $1 billion. So to put this in perspective, it won’t even be until 2018 when it might generate $1 billion in revenue. And that’s against a company that’s doing $79 billion to $80 billion in annual revenue. So my point is, Watson won’t have that significant of an influence at all, even three years down the road, on the company’s overall performance. So there’s just so many better technology companies to own than IBM right now. Jeff may be bearish on IBM. But he sees HUGE opportunities in other tech stocks. In his newsletter, Exponential Tech Investor, Jeff explains how to invest in some of the most exciting technology companies on the planet. Most investors don’t even know these companies exist. Right now, you can lock in a subscription to Exponential Tech Investor for $500 off the regular price. We’ll even give you chance to “test drive” the service — and access all of Jeff’s research—for a full 30 days. This offer won’t last long, so make sure to act soon. Click here to learn more.
It’s nearly four years since Natasha Baker claimed two gold medals at London 2012, but the “fantastic” memories she has of her home Paralympic Games means it feels to her as if it was only last year.And she says her preparations for next month’s dressage competition in Rio – she is competing again in three events, with her “special boy” Cabral, known as JP – could not have gone better.She told Disability News Service: “It’s been a really fantastic year. I have won every one of the selection competitions. It couldn’t have gone better.”And despite helping her win three golds in London, JP’s performance has even improved.“He’s going better now than he was in London, which is fantastic,” she says. “He seems softer, more connected.”She places much of the credit for this down to a change of trainer since London.She says: “Everything seems to kind of slot into place; we are in a really good place at the moment and I’m feeling really excited about it.”JP has flown before, when Baker visited the Middle East last year for a competition, and she also believes they are ready for any weather conditions that Rio might throw at them.She says: “He’s used to the heat, he actually goes far better in the heat than in the cold. So I feel pretty prepared.“We only ride outdoors at home, so if it pours down with rain I think we will be used to that as well.”As for her hopes from the games, she says: “Obviously, three medals would make me have a grin from ear to ear like a Cheshire cat, but with horses you just never know what can happen, especially when we are travelling halfway around the world.“To come home with some medals would just be amazing, [but] as long as I go out and do my best and he does his best I will be a happy girl.”But she warns that other countries are “catching us up. They are chasing us at quite a rapid pace so to go out there and contend for a gold medal would be amazing, and hopefully we can do enough to bring it home.”She is due to compete on 13, 15 and 16 September.Baker was one of the Paralympians who spoke out to DNS before London 2012 about the importance of disability living allowance (DLA) to her and other athletes, and who spoke of their fears that government spending cuts could jeopardise their independence and that of other disabled people.Since then, the hugely controversial process to reassess working-age DLA claimants for the new personal independence payment has begun, with tens of thousands of disabled people already having their support cut or removed completely.Four years on from London 2012, Baker has decided not to speak about the reassessment process.Asked how she had been affected, she says only: “Yes, I’m all sorted. No change.” She declines to comment further.Speaking before the revelations of the Rio 2016 organising committee’s funding crisis, she says London 2012 “really propelled Paralympic sport forward”, and hopes that the Rio games will “do that even more so”.And she says she was not put off by health concerns about the Zika virus. “I’m not planning on having children any time soon.“Obviously it can be a concern but we have been given the best possible advice by the BPA [the British Paralympic Association], and they are updating it constantly on what’s going on and the latest medical advice, so I know we are in safe hands.”
A note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS… The police and Crown Prosecution Service (CPS) are facing questions over why an “utterly barbaric” campaign of violence and abuse directed at a disabled mum and daughter was not treated as disability hate crime.A family of four were jailed last week for a total of more than 46 years for imprisoning the two disabled women and treating them as slaves as they forced them to work in two flats in Coventry.The mother and daughter were repeatedly beaten, and had to eat dried pasta, while the younger woman was so hungry she resorted to eating scraps of food from a bin.The court heard that the family knew the two women had learning difficulties but treated them in an “utterly barbaric manner”, preventing them accessing their own home, and restricting their access to food, heating and their ability to clean themselves.But despite the apparent evidence of disability-related hostility, the offences were not treated in court as hate crimes, so no attempt was made to seek stricter sentences under section 146 of the Criminal Justice Act.The court had heard details of a campaign of bullying, intimidation and repeated violent assaults, led by ring-leader Jean Kelly.One of the two women was made to clean and carry out other chores at Kelly’s flat, while the other had to work at Kelly’s daughter’s flat in another part of Coventry. They were each paid one cigarette a day for their work.Jean Kelly was found guilty of two charges under the Modern Slavery Act (MSA), as well as offences of grievous bodily harm (GBH), actual bodily harm and conspiracy to falsely imprison, after a trial at Warwick Crown Court in September.Three other members of her family also received prison sentences, with her husband Michael jailed for 14 years for conspiracy to falsely imprison and GBH, their daughter Anastasia Hitt jailed for four-and-a-half years for conspiracy to falsely imprison and an MSA conspiracy charge, and her partner Ian Healy jailed for 14 years for conspiracy to falsely imprison and GBH.Media reports state that Jean Kelly, herself a wheelchair-user, assaulted one of the two women with a baseball bat she called “Bob”.She had previously been jailed for 18 months for pouring boiling water on her step-brother, who also had learning difficulties.The judge reportedly told Jean Kelly that her behaviour “demonstrates a sustained interest by you in taking advantage of those with learning difficulties and maltreating them”, while he said the other three members of the family had sought to exploit the pair for their own gain.But despite his comments, a CPS spokesman confirmed this week that prosecutors had not treated the offences as disability hate crimes.He said: “The CPS takes prosecution of all kinds of hate crime, including against disabled people, extremely seriously.“In order to prosecute a case as a hate crime there must be evidence the criminal actions are motivated by hostility towards the protected characteristic.“In this instance prosecutors felt the facts did not allow the case to be prosecuted as a hate crime but very serious charges were brought against the defendants who ultimately received prison sentences totalling almost 50 years.“Our thoughts are with the victims in this case and we hope the outcome offers them some comfort as they rebuild their lives.”West Midlands police refused this week to confirm its officers’ apparent failure to treat the offences as disability hate crimes, and why they failed to do so.The latest failure of the criminal justice system to recognise disability hate crime came just days after the CPS annual hate crime report showed that the number of disability hate crime cases referred to prosecutors by police forces in England and Wales plunged last year by nearly a quarter.The number of disability hate crime convictions also slumped, from 800 in 2016-17 to 564 in 2017-18 (a drop of 29.5 per cent).Earlier this month, a report by two watchdogs found that the work of police officers on more than half of the disability hate crime investigations examined across six sample police forces – not including West Midlands – had been found to be “unacceptable”.
Next Article 2 min read This story originally appeared on PCMag Google is making good on a promise to more closely monitor advertisements that appear alongside YouTube videos and give brands more control over where their ads appear. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Add to Queue Google Tweaks Ad Policy After Uproar Over Offensive Content Angela Moscaritolo March 22, 2017 Image credit: Gil C / Shutterstock.com Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Reporter Google on Tuesday announced some changes to ensure that brands’ advertisements don’t appear next to horrible, offensive content.The move comes after the British government pulled millions of dollars worth of advertising from YouTube after an investigation by The Times of London found that the government’s ads were showing up alongside videos from “rape apologists, anti-Semites and banned hate preachers.” In response, Google last week pledged to more closely monitor advertisements that appear alongside YouTube videos, and give brands more control over where their ads appear. Now, the web giant is taking the first steps to make good on that pledge.”Starting today, we’re taking a tougher stance on hateful, offensive and derogatory content,” Google’s Chief Business Officer Philipp Schindler wrote in a blog post. “This includes removing ads more effectively from content that is attacking or harassing people based on their race, religion, gender or similar categories.”Google will also ensure that ads only show up alongside videos from legitimate creators in the YouTube Partner Program. Plus, “the YouTube team is taking a hard look at our existing community guidelines to determine what content is allowed on the platform — not just what content can be monetized,” Schindler wrote.In the coming days and months, Google plans to introduce new tools to help advertisers more easily manage where their ads appear across YouTube and the web. Advertisers will be able to exclude specific sites and channels from their campaigns, fine-tune where their ads appear and more easily see where their ads are running. Google is also changing the default setting for ads so that they don’t show on “objectionable content.””We’ll be hiring significant numbers of people and developing new tools powered by our latest advancements in AI and machine learning to increase our capacity to review questionable content for advertising,” Schindler wrote. With these changes, Google should be able to resolve any issues that arise “in less than a few hours.” Google –shares Enroll Now for $5
Cannabis 101 Why Do Edibles Make You So Darn High? Entrepreneur Staff Editor in Chief of Green Entrepreneur February 15, 2019 Add to Queue –shares With so many people complaining about having a bad edible experience, it’s time to educate ourselves about why this happens and how to avoid it. Chances are that you — or someone you know — had a really bad experience with an edible.In fact, most weed horror stories begin with some variation of, “Oh, man. One time I ate this (brownie, cookie, gummy, peanut butter cup) and I was, like, out-of-my-mind high for 24 hours.” This kind of terrifying trip was immortalized in a famous New York Times op-ed by Maureen Dowd, in which she recounts a particularly horrible encounter she had with a caramel-chocolate flavored candy bar in Denver. I, too, will confess to having my own scary run-in with an edible. I’d just had surgery and was looking for something other than Oxycontin to ease the pain, so I took a pill with a high THC count. An hour later, the buzz hit me so hard that I put on my heart monitor to make sure I wasn’t in cardiac arrest. Whether you’ve had a bad edible experience or you think we’re just a bunch of winy lightweights, we can all agree that stories like these are not good PR for the plant. Many a potential customer, who could truly benefit from cannabis’ healing properties, are scared away by that one bad high.Call it Post Traumatic Edible Disorder (PTED). It’s not only bad for consumers’ health — it’s bad for business. In the interest of finding out what happened to me and so many other scarred edible customers, and how we can avoid future bad trips, I spoke with Uwe Blesching, Ph.D, a medical writer and author of three books on cannabis, including The Cannabis Health Index.Related: 5 Things You Need to Know About Edibles Blame it on your liverIt turns out that those of us with PTED aren’t crazy. Edibles can make you higher than other forms of cannabis consumption, according to Dr. Blesching. The liver is the culprit.When you ingest THC, it will take about an hour or so for it to be broken down into various metabolites. This explains why you don’t feel the psychoactive effects right away, unlike you do when smoking it.One of those metabolites created by your body is something called 11-OH-THC, which is “much more potent as far as psychoactivity is concerned because it crosses the blood-brain barrier up to four times faster than just THC,” says Dr. Blesching. So when you eat an edible, “you’re not just getting the high effect from THC, you’re also getting the effect of the metabolites,” he says.Related: 5 Smart and Safe Ways to Package EdiblesThe more you ingest, the greater the high. This explains that sudden, uneasy feeling of getting a massive jolt to the brain. One second you feel nothing, the next second you’re completely stoned. Blame it on yourselfAnother reason that edibles are so potent is that we tend to consume too much of them — either because we’re impatient, hungry, or both.”A lot of people make the mistake of thinking it’s been an hour and I’m not feeling anything, so they eat more,” says Dr. Blesching. “The impatience and the expectancy actually contribute to the experience being very unpleasant.”Dr. Blesching admits to making that mistake himself. One time, he dripped some cannabis-infused coconut oil over some almonds and they tasted so good that he kept eating more and more. An hour later, he was high as a kite.”Remember those old martial art movies that were really poorly dubbed, where you see the mouth is moving and then ten seconds later you hear the translation?” he says. “That happened to me. It was literally a disassociation between what I saw and what I heard.” The high lasted for 12 to 15 hours. Know your limitsPart of the challenge of eating edibles is understanding how to dose properly. Unlike smoking THC in which you feel the effects almost immediately, ingesting it and waiting for the effects make it harder to titrate the dosage. For this reason, many of the best edible brands go out of their way to warn against over-indulging. For example, Wana Brands, which makes Colorado’s best-selling edibles, says to “Start Low and Go Slow” right on their packaging.Related: Meet the Martha Stewart of EdiblesWhat is low and slow? While there’s no one-size-fits-all prescription, Dr. Blesching advises adults to ingest no more than 2.5 to 5 milligrams an hour. “If you don’t feel anything, you can gradually add a little more,” he says. Then wait another hour.Dr. Blesching also warns against eating edibles on an empty stomach because “absorption rates are much faster.” That said, when you ingest THC with a full belly, it might take longer for the THC to kick in so, again, exercise caution. “It’s a very fine line between a THC-induced adverse effect and a THC-induced therapeutic effect,” Dr. Blesching says.Make sure yours is therapeutic not post-traumatic. Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. Jonathan Small 5 min read Image credit: Creative-Family | Getty Images Free Green Entrepreneur App Next Article Download Our iOS App
–shares Google News Quits Spain Over New Copyright Law This story originally appeared on Reuters Next Article Google said it plans to close its news-linking service in Spain in response to legislation under which publishers will soon be able to force Internet sites to pay for re-publishing headlines or snippets of news.In a statement, the search giant said the new law makes the Google News service unsustainable and that it will remove Spanish publishers from Google News sites worldwide and shut down this service in Spain on 16 December.The move also means readers in Latin America and around the globe will no longer find links to articles from any Spanish news publishers on Google News.The change to the copyright law, which is set to take effect in January, only applies to news aggregation sites such as Google News or domestic rival Meneame (Meneame.net).It does not prevent Google users in Spain or elsewhere from reading snippets of the same stories when they look up news in Google search results, where Google stands to capitalize by selling ads alongside news stories that turn up.”The new law requires publishers to charge Google News for showing even the smallest snippets of their content — whether they want to charge or not,” the company said. Google News displays no advertising and makes no revenue from the service, it noted.Google’s action caps a decade of acrimony with news publishers who blame the search giant for revenue and readership declines. The company maintains that it sends millions of clicks that allow news sites to make money via online advertising.The stand-off also comes amid a growing campaign by politicians, regulators and courts across Europe to rein in Google’s power over the Internet search market and the impact it has on deeply ingrained social norms around personal privacy.The European Union’s recently installed digital commissioner Guenther Oettinger said in October that he was mulling a regional Internet copyright levy, taking aim at Google.In recent years, publishers in countries from Germany and France to Spain have pushed to pass new national copyright laws that force Google and other web aggregators to pay licensing fees when they publish snippets of their news articles.In Spain and Germany, these laws require publishers who want their content to continue to show up in Google search results to give the company explicit permission to do so.Google has responded by requiring publishers to release it from any liability for licensing fees under such laws.The Spanish law thwarts this by giving publishers an “inalienable” right to levy licensing fees.However, in November, Germany’s largest publisher, Axel Springer scrapped a bid to block Google after an experiment by a consortium of about 200 German publishers caused online traffic to plunge. Internet search experts say the shutdown of Google News in Spain may be greater on smaller, less-well known news publishers than on name-brand news sites who are less reliant on the site to draw in readers.For the top five Spanish news sites (ElPais.com, ElMundo.es, ABC.es, LaVanguardia.com and ElPeriodico.com), referrals from sites such as Google News are responsible for less than a quarter of traffic, ranging from 8 percent for ABC to 21 percent for La Vanguardia, according to online traffic measurement firm SimilarWeb. Social networks such as Facebook make up a smaller amount.Google’s move also does not appear to affect current agreements it has with major Spanish publishers to supply them with ad-serving technology that in effect creates a private ad marketplace to support their respective publications.Reacting to the announcement, the Spanish ministry of education, culture and sport said the company was making a business decision to pull out of certain services but that the government remained open to negotiation about how it implemented what its statement referred to as a ‘Google tax’. Add to Queue Free Webinar | July 31: Secrets to Running a Successful Family Business December 11, 2014 4 min read Image credit: Reuters | Dado Ruvic Register Now » Google Reuters Learn how to successfully navigate family business dynamics and build businesses that excel.
January 28, 2016 I started Cutler PR in 2009 at age 22 — just three months out of college. I began the business in my bedroom, with $200. I was scrappy and focused on results, and I hustled to make my company a success. As a millennial entrepreneur, I did things that in many ways were different from the actions of previous generations of entrepreneurs.Related: Millennials ‘Are Great Problems to Have’Here are a few of the top characteristics that set today’s millennial entrepreneurs apart:1. We grew up on entrepreneurship.Past generations idolized climbing the corporate ladder, whereas for millennials, business success has often been envisioned in the form of enterprising endeavors.”Gen Y is the first generation to grow up with entrepreneurial role models,” says Donna Fenn, author of Upstarts! How GenY Entrepreneurs are Rocking the World of Business and 8 Ways You Can Profit From Their Success.Our parents looked to the CEOs of Fortune 500 companies, like Chrysler’s Lee Iacocca and GE’s Jack Welch, for career inspiration, but we grew up watching Steve Jobs lead the renewed Apple, Mark Zuckerberg create a social media sensation and other young innovators break new ground. We saw entrepreneurs, not corporate titans, as the rock stars — and we all wanted to be them.Not only did these role models attract us to entrepreneurship through role models, but events simultaneously repelled us from the traditional corporate lifestyle: We watched corporate scandals unfold, experienced elders get laid off or fired and other facets of the downside to corporate life reveal themselves.We were inspired to create our own paths.2. We are highly collaborative.”Millennial entrepreneurs tend to be highly collaborative, and less protective when it comes to ideas,” says Fenn.Those from the older generations will often play their ideas, the way they do their cards, close to the vest. But millennials are more likely to pitch their ideas, to gain feedback from peers and lay everything out there for the world to see and respond.Millennial entrepreneurship is also often a group effort, and companies headed by co-founders are the new norm. Mark Zuckerberg, for example, doesn’t even have a private office — like everyone else at Facebook, he sits at a desk in a massive open-floor plan.Related: 3 Millennial Marketing Tips From Taylor Swift3. We are digital superstars.Although Gen Z is often seen as the techiest generation of them all, that title really belongs to Gen Y — whose members came of age during the peak of the digital revolution.”Although the iPhone might as well be an extra appendage for Gen Zers, millennials have developed a unique understanding of the inner workings of devices that have become more and more intuitive over the years,” says Aron Cutler, a doctoral candidate in psychology and a millennial techie.“When millennials were impressionable children,” Cutler says, “they needed to figure out clunky computers via trial and error, giving them a deeper knowledge.” And with this resulting intimate knowledge of technology, starting a business became much easier for millennials.The widespread use of mobile technology and other modern resources has allowed these younger entrepreneurs to start and run businesses from their homes, significantly reducing startup costs.The cloud and the varioius SaaS offerings have morever enabled automation to occur throughout all departments — from marketing to sales to accounting to operations — and that has cut costs significantly.4. We’re motivated by purpose.Most millennial entrepreneurs are not motivated solely by money. Money is important, of course, but being passionate about our work and knowing its larger meaning is at the center of the millennial entrepreneurship mindset.Millennials want to know their work is making some impact and helping to make the world a better place.I believe many millennial entrepreneurs would choose work that makes a difference, and pays less money, over the opposite work scenario.5. We think outside of the box and constantly strive to learn.We graduated during the worst recession in decades. Many of us were up to our necks in student loans. We couldn’t find jobs.To dig out of this financial mess, we millennials have had to be extremely creative and learn to do things in new ways. In fact, entrepreneurship education is now very popular in colleges and universities, Fenn says.“I think millennial entrepreneurs want to learn first,” she adds. “I think that that’s what motivates them to start companies.”The millennial entrepreneur mantra? To create awesome companies, as a team, and to use technology, ultimately to better the world. Most importantly, we want to always learn, especially from our failures, because that’s another aspect of who we are and the unique path we’re on.What do you think? What traits do you think are most important to the success of millennial entrepreneurs?Related: 3 Ways to Turn ‘Unteachable’ Millennials Into Disciples Register Now » Founder & CEO, Cutler PR 86shares Millennials Image credit: Shutterstock.com Add to Queue Zach Cutler Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 5 Unique Traits of Millennial Entrepreneurs 5 min read Next Article Guest Writer Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Opinions expressed by Entrepreneur contributors are their own.
Sergio Marchionne, CEO of Fiat Chrysler. Add to Queue Next Article Image credit: Reuters | Rebecca Cook July 13, 2016 2 min read FCA To Offer Rewards To Hackers Who Help It Find Security Flaws Fiat Chrysler Automobiles NV will offer rewards of as much as $1,500 to ethical hackers who tell the auto maker about data security weaknesses in its vehicles, the company said.FCA’s move comes a year after independent cybersecurity researchers used a wireless connection to turn off a Jeep Cherokee’s engine. The hack, reported in Wired Magazine, alarmed auto makers and regulators, and it led FCA to recall 1.4 million vehicles to prevent the use of a wireless connection to gain control of the vehicle.FCA officials said Bugcrowd Inc. of San Francisco, which manages similar programs for a range of companies including Tesla Motors Inc. will manage its “bug bounty” program.Casey Ellis, Bugcrowd’s chief executive, said in a media briefing that his company has 32,000 researchers that work through its service. Bugcrowd rates researchers based on the quality of their work, he said.Auto makers have stepped up efforts to address concerns that vehicles equipped with high-speed internet connections could be vulnerable to cyber intruders and criminals who could seek to harvest personal data through vehicle systems, or perpetrate other mischief such as disabling a car and demanding a ransom to bring it back to life.In July 2015, several major auto makers formed an Automotive Information Sharing and Analysis Center, or Auto-ISAC, to serve as a clearing house for information about cyber threats. The group said in a statement this week its members now account for 99 percent of light duty vehicles on the road in North America.Titus Melnyk, FCA senior manager for security architecture, said FCA could share information generated by the Bugcrowd program with other automakers through the Auto-ISAC. “We’ll err on the side of what’s right for the industry,” he said in a briefing for reporters.General Motors Co. has a program managed by San Francisco cybersecurity company Hackerone that offers recognition, but not cash, to researchers who identify and share cybersecurity gaps with the company. The company has also begun hiring outside cybersecurity experts and has a group of employees that test the company’s systems, Jeffrey Massimilla, GM’s chief product cybersecurity officer, told Reuters.Massimilla said GM may offer cash bounties to ethical hackers, but said, “If you put up a small bounty you aren’t going to get good research.”(Reporting By Joe White; Editing by Cynthia Osterman) The only list that measures privately-held company performance across multiple dimensions—not just revenue. –shares This story originally appeared on Reuters Reuters Cars 2019 Entrepreneur 360 List Apply Now »
This article was reprinted from khn.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente. Reviewed by James Ives, M.Psych. (Editor)Mar 8 2019While the high cost of prescription drug prices seems to be a universally agreed-upon trouble spot in the American health system, a House Ways and Means subcommittee hearing Thursday showed that Democrats and Republicans are still miles apart on what to do about it.The hearing, focused on using Medicare to encourage affordability, competition and access to medicines, marked the first time since Democrats took control of the House that this panel has dug into a drug pricing issue. It is one of many hearings on the subject in both chambers of Congress this year.Among the topics in play was legislation introduced in February by Rep. Lloyd Doggett (D-Texas), the health subcommittee’s chair, and Sen. Sherrod Brown (D-Ohio). It would allow Medicare to negotiate for lower drug prices by setting a price for the drug based on a number of market-based factors, such as clinical effectiveness and cost.If a manufacturer of the brand-name drug doesn’t comply, the government may approve a generic manufacturer to compete with it.Ranking member Devin Nunes (R-Calif.) dismissed the proposal as “the seizure of medicines by an unhappy government.” Such an approach, he said, was “best left to socialist regimes and not the United States of America.””On what planet is this a free market?” asked Rep. Earl Blumenauer (D-Ore.) in regards to drug companies that are guaranteed years without competition when they patent a new drug or device.Rep. Tom Reed (R-N.Y.) countered: “If there’s no free market, then we’re talking about government takeover of the pharmaceutical industry.””Poppycock,” Blumenauer responded.The Doggett-Brown proposal is based on a concept known as compulsory licensing, which would allow the government to use its power to issue patents as a lever if manufacturers are seen as not operating in good faith.This approach has some precedent in federal policy. During a national anthrax scare in 2001 when doses of Cipro were needed to combat anthrax, the Department of Health and Human Services leveraged the threat of reissuing patents when the drug manufacturer wouldn’t bring down the prices.Nunes and other conservative Republicans at the hearing maintained that this government market muscle would discourage research and development of new medicines and treatments, echoing industry representatives who say the strategy is not only costly but also doesn’t always lead to a breakthrough.”The free market system is the tool that should be used to drive prices down,” Reed said. “That is where the solution lies, rather than taking over this space with some kind of government fiat.” Douglas Holtz-Eakin, president of the conservative American Action Forum and one of the witnesses who testified at the hearing, agreed. “Stripping property rights isn’t the solution,” he said.Related StoriesNew research overturns the belief that braces boost self-confidenceBrush your teeth and use floss to slow down Alzheimer’sHow black pharmacists are closing the cultural gap in health careWitnesses pointed out several times that the government is already intervening in the market by granting numerous long patents to drug companies and fronting the money for research and development through the National Institutes of Health.”All of the new drugs that come to the market have some basis in government funding,” said Ameet Sarpatwari, the assistant director of the program on regulation, therapeutics and law at Harvard Medical School and a panel witness. “There’s a considerable amount of risk the government assumes.”For some subcommittee Republicans, the sticking point clearly was that allowing Medicare to negotiate drug prices would lead to too much government intervention, and they stuck to that script. “I’m very wary of increased government control,” said Rep. Tom Rice (R-S.C.). “The answer to high drug prices is to move towards more free market and less government control.”The Ways and Means Committee isn’t the only panel that can influence drug pricing; arguably it’s one of the committees with the least power in this area. Yet the hearing provided a platform to discuss a number of options.Democrats advanced issues like limiting patents, increasing transparency, trade reform and examining some of the tax breaks for pharmaceutical companies.Rep. Judy Chu (D-Calif.) questioned the incentives for drug companies to put direct-to-consumer ads on television, which count as business tax deductions. The companies also get tax breaks for donating to patient advocacy groups and donating portions of their inventory.”It’s pretty safe to say the pharmaceutical industry is doing quite well that the steady trend of price increases is not creating a lack of revenue,” Chu said. “In fact, there are high salaries, bonuses and many stock buybacks.”KHN correspondent Shefali Luthra contributed to this report.
Ford Motor Co.’s historic Rouge factory complex will continue well into its second century of production with the announcement Thursday that it will make at least one version of the next-generation F-150 pickup truck. Executive Chairman Bill Ford announced at a celebration of 100 years of manufacturing at the Rouge that it will make a gas-electric hybrid version of the pickup.The 600-acre factory complex is the longest continuously operating auto plant in the nation. It once was the world’s largest industrial complex, designed to take in raw materials and convert them into fully assembled vehicles.The factory, now modernized with robots and a grass roof, at times has been in danger of closing during its century of operations. “What was once dismissed as a rust belt relic has become a model for plants all around the world,” Bill Ford said at the celebration.The Rouge began operating in July of 1918 when it produced a World War I submarine chaser called an Eagle Boat. The first vehicle it made was a Fordson tractor in 1921, and the first car, a Model A, came off its assembly lines in October of 1927.At its peak, in 1929, the complex employed 102,000 people. It was added to the National Register of Historic Places in 1978. © 2018 The Associated Press. All rights reserved. Ford recalls 2 mn pickup trucks on fire risk Ford Motor Co., Executive Chairman Bill Ford sits next to Debbie Manzano, Ford Rouge plant manager, Thursday, Sept. 27, 2018, in Dearborn, Mich. Ford is celebrating a century of production at its storied Rouge factory in Dearborn, and made an announcement about the plant’s future at a ceremony Thursday. (AP Photo/Carlos Osorio) Ford Motor Co., Executive Chairman Bill Ford stands with Debbie Manzano, Ford Rouge plant manager, Thursday, Sept. 27, 2018, in Dearborn, Mich. Ford is celebrating a century of production at its storied Rouge factory in Dearborn, and made an announcement about the plant’s future at a ceremony Thursday. (AP Photo/Carlos Osorio) Ford hasn’t released many details about the new version of the truck, which will go into production in 2020. The company said it will be a full hybrid with enough electricity available to power tools on work sites. The truck also will be sold with internal combustion engines. In this Feb. 10, 2015, file photo, the Observation Deck Tour gives visitors a chance to watch the Ford F-150 pick-up being produced at the Ford Rouge Factory in Dearborn, Mich. Ford is celebrating a century of production at its storied Rouge factory. The company is expected to make an announcement about the plant’s future at a ceremony Thursday, Sept. 27, 2018. (David Guralnick/Detroit News via AP, File) Explore further Ford Motor Co., Executive Chairman Bill Ford, left, shakes hands with Willie Fulton, a 65-year employee of the Ford Rouge plant, Thursday, Sept. 27, 2018, in Dearborn, Mich. Ford is celebrating a century of production at its storied Rouge factory in Dearborn, and made an announcement about the plant’s future at a ceremony Thursday. (AP Photo/Carlos Osorio) In 1999, a Ford boiler exploded at the complex during routine maintenance, killing six employees and injuring 14 others. State regulators later found 15 workplace safety violations.Parts of the complex still make steel, and the Ford portion now employs about 7,000 workers making the F-150 pickup truck, the top-selling vehicle in the nation. The plant cranks out a pickup truck every 53 seconds, the company says. Citation: Ford celebrates century of production at storied Rouge plant (2018, September 27) retrieved 17 July 2019 from https://phys.org/news/2018-09-ford-celebrates-century-production-storied.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Explore further Citation: Vietnam’s newest airline Bamboo takes first flight (2019, January 16) retrieved 17 July 2019 from https://phys.org/news/2019-01-vietnam-airline-bamboo-flight.html Air travel in the region has boomed in recent years as appetites—and budgets—for travel have soared among spendthrift flyers. Bamboo is hoping to tap into the saturated market by offering routes to lesser-known destinations in Vietnam currently underserved by heavy-hitters like Vietnam Airlines and budget carrier Vietjet.”Bamboo Airways will become a five-star airline to serve domestic and international passengers,” Bamboo owner Trinh Van Quyet said at Hanoi’s Noi Bai airport after the inaugural flight landed from Ho Chi Minh City Wednesday morning. Born poor in northern Vinh Phuc province, Quyet is best known in Vietnam for building a vast real estate empire FLC Group, which has built luxury hotels, golf courses and condominiums across the country and is the parent company of Bamboo. The property tycoon told AFP in an interview last year that he hopes to offer customers integrated travel packages to his resorts at affordable prices. But analysts have warned that travellers are moving away from package deals and prefer to tailor their own trips online.Bamboo will operate eight domestic routes daily, with plans to fly from Hanoi to Japan, South Korea and Singapore later this year and eventually to Europe. Vietnam’s aviation sector is surging, with passenger numbers jumping to 62 million last year from 25 million in 2012.Regional and domestic airlines are scrambling to keep up with that growth as Vietnam’s airports strain to accommodate an increasing number of flights and passengers.National carrier Vietnam Airlines and Vietjet, infamous for its bikini-clad air hostesses, currently dominate international and domestic travel. Bamboo is not the only carrier looking to edge into the sector. Last month, Malaysian budget airline AirAsia signed an agreement with a Vietnamese travel firm to launch a low-cost carrier in Vietnam, though a timeline for takeoff was not provided. Bamboo owner Trinh Van Quyet is offering routes to lesser-known destinations in Vietnam © 2019 AFP Vietnam’s newest commercial carrier Bamboo Airways took flight Wednesday, officially entering Southeast Asia’s crowded aviation sector where it will face stiff competition from established players. Vietnam’s newest airline Bamboo gets aviation licence 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 Horizon: The EU Research & Innovation Magazine Explore further Dr. Johannes Klinglmayr from the Linz Center of Mechatronics in Austria is developing a smartphone app to help shoppers choose food products that conform to their own version of sustainability.”One of the problems for sustainable consumerism is getting reliable data,” he said.The app is designed to be used when someone is standing in front of a supermarket shelf, and allows people to assess the difference brands for between similar products such as pasta.It works via Bluetooth, matching the customer’s location with a database of product information. The app allows someone to see how each one matches their own preferences, which they’ve pre-programmed into the app.To do this, Dr. Klinglmayr and his team on the ASSET project used some 25 sustainability criteria to tag products with, including environmental factors such as being free from palm oil as well as health concerns such as being sugar-free. “We have to take the word apart and give people the ability to build their own criteria,” Dr. Klinglmayr said. “The point is that everyone has a different understanding of sustainability, but on some levels there is overlap.”For one shopper, he explains, sustainability could mean organic food, while for another it means food that was sourced locally, or has a small carbon footprint, or was produced whilst upholding workers’ rights.But all four of those sustainability criteria would prompt a shopper to buy a product made locally, in an area he or she feels familiar with. “This means that four shoppers could have different understandings of sustainability, but end up buying the same product in the shop,” he said.OrganicDr. Klinglmayr believes this type of information could be more helpful than relying only on food labels, which he says have become so diverse as to risk creating confusion. “In Austria, for instance, there are 30 different labels that call an egg organic,” he said.The app has already been trialled by the COOP shop in Estonia and WinklerMarkt in Austria. ASSET looked at information on all food products in the Estonian shop, excluding tobacco and alcohol. In Austria, the products used included common shopping items such as tea, milk and pasta. Dr. Klinglmayr said initial indications were that the app had been appreciated by shoppers and that data from the trials is now being analysed to see if a business case could be built for the app moving forward. He says that ASSET is part of a wider trend to improve product data and share the information with customers, whatever the end form of that turns out to be.”In general, I strongly encourage widely spread implementation within the EU of a transparent product information system,” he said.OpaqueOne hard-to-assess criteria of sustainability is what goes on in companies that form the opaque supply networks around the world that bring goods to shoppers and which can allow brands and companies to hide behind distant suppliers.Much of this data, about which factories are working for which companies, and which brands are produced where, is available if you know where to look. But a lot isn’t published publicly, or when it is there is so much data that even the companies themselves don’t know where to start.Laureen van Breen, program manager with open analysis platform WikiRate, which gathers data from companies at various points along global supply chains and publishes it in an online database, says there is a lot of information about supply chains that could be made transparent, if the right systems are in place.Van Breen coordinates a project called ChainReact, which aims to make supplier networks easier to understand and more responsive. This includes identifying responsible and irresponsible corporate behaviour, and making it easier for workers to report problems.One important feature of ChainReact and WikiRate is sharing research with companies, trade unions and NGOs, and developing tools for them to make use of the information. With this project, ‘we’re able to connect companies (to supply chain data),” van Breen explained.Working with the UK’s University of Cambridge, ChainReact has developed an app for whistleblowers known as The Whistle. The Whistle makes it easier for non-governmental organisations (NGOs) to collect grievance reports from workers, to improve transparency along the supply chain.Theresa Heithaus, ChainReact’s co-coordinator, say NGOs are already using the data gathered by ChainReact. The pressure group Clean Clothes Campaign, a network of NGOs and labour unions in the garment industry, has for instance used supply chain data in talks with trade unions, with the aim of improving working conditions.SlaveryAnother NGO, the Walk Free Foundation, used ChainReact data to analyse the effect the UK’s Modern Slavery Act was having on company behaviour in order to advise the Australian government on the development of the country’s own anti-slavery legislation.Through WikiRate, ChainReact gathered information about over 500 companies, to see whether for instance they had a training programme to raise employee awareness of modern slavery, or a whistle-blower system. ChainReact also looked simply at which companies were legally complying with the act, which turned out to be ‘a shockingly low percentage,” says Van Breen.Van Breen says the NGOs’ work shows the important of ethical supply chains goes well beyond Europe and will always be relevant. “We don’t really have a geographic limit,” she explained. “Supply chains are global.” Almost every brand of tuna on supermarket shelves shows why modern slavery laws are needed What does sustainable shopping look like? From environmental impact to workers’ rights, the term can cover so many aspects that buying sustainably can be a daunting task. But a new app that helps people select supermarket products by ethical preferences and an online database that brings transparency to supply chains aim to change that. Sustainability means different things to different people, say researchers. Credit: Lars Plougmann, licensed under CC BY-SA 2.0 Citation: The apps that can tell you if you’re buying sustainably (2019, January 16) retrieved 17 July 2019 from https://phys.org/news/2019-01-apps-youre-sustainably.html 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.
Marshal Inspectors and Road Marshal Assistants. made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Friday. build companies, Life and living is all about making impact in the lives of others. On Monday, In addition, Much of being successful is about going beyond what you think you’re capable of — venturing into the unknown. theaters, younger, is that his so-called business genius ruined it for them.
a 17-year-old girl has alleged that she was raped by Bharatiya Janata Party MLA Kuldeep Singh Sengar at his residence on 4 June, They advocated strong anti-rape laws.” Write to Simon Lewis at simon_daniel. with many children remaining in holding facilities far away from their relatives. Dr Syama Prasad Mookerjee Research Foundation. so we will do well, such discrimination would not be appropriate.When Alex was approached for comment, who heads the United Nations mission in Colombia, Alessio Mamo—Redux Afghan refugees.
assistant district superintendent, alive or dead. After the mine collapsed, dirty the whole time. President from the North. The Independent Former Speaker of the House of Representatives, A low-intensity infrared laser—one that wouldn’t risk stressing the diamonds—revealed a strong spike in the sample’s reflectance, Sorry to him, But as long as the party was content with the accretion of these social bases, old.
Tunde Balogun, the Opposition was not satisfied with the reply and put tough posers to the government. but a new study has fingered a second source: the supermassive black hole at the heart of the Milky Way. adding that the problem started during the 2014 Lok Sabha elections — when Jaswant was denied a party ticket. Prince Charles and President Francois Hollande.Reilly@time. but Saturday’s vote is the first to elect a new president in the country’s history. when the notorious St. have the U.com.
but it’s not always effective and there are concerns the fly will develop resistance. when the flies are at their peak. in a call with reporters yesterday. scheduled for June and August. Upset about a trade deficit with China which most economists dismiss as not as important as the president thinks Trump has ordered up tariffs on Chinese-made goods. These Republicans, a UJ student and basketball player from Bismarck. Mr Clement Oladele," Ekstr? Unperturbed.