10 months agoEx-Real Madrid defender Pepe leaving Besiktas after contract release

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Ex-Real Madrid defender Pepe leaving Besiktas after contract releaseby Carlos Volcano10 months agoSend to a friendShare the lovePepe is leaving Besiktas after terminating his contract by mutual consent.Marca says an official announcement has not yet been made but the Portugal international, whose deal was due to expire in June, is now free to sign for another club.Reports in Turkey indicate that Besiktas are going through economic issues and have been unable to pay the high salaries of many of their players, including Pepe.The 35-year-old played 17 league game this season and managed an impressive five goals, with three coming in domestic action and two in Europe.Pepe moved to Besiktas from Real Madrid. last_img read more

Brian Kelly Explains Why Notre Dame’s Partnering With Bleacher Report

first_imgA picture Notre Dame's video about Bleacher Report partnership.Bleacher Report.Bleacher Report and Notre Dame announced a “groundbreaking partnership” for social media content on Thursday.From Notre Dame’s release:Bleacher Report, a preeminent next generation content creation company, has reached an agreement with University of Notre Dame football for an exclusive social content partnership throughout the season. The B/R social team will be embedded with the football program in South Bend and travel with the team to road games during the entire season to create custom content for the program’s national fan base.The collaboration will consist of full behind-the- scenes access to the Notre Dame football team including practice, locker room, game day activities, home and away games, travel, academic classrooms and a wide array of student and campus life. The array of content will include a weekly video feature, Facebook Live streams, short shareable social packages and game day Snapchat takeovers, distributed across Bleacher Report’s website and Team Stream mobile app — reaching more than 250 million users — along with B/R social platforms with an audience of more than 200 million fans.At a press conference this morning, Kelly explained the benefits of partnering with B/R for his program.Brian Kelly on Bleacher Report deal: “This gives us a unique relationship that nobody else has in college football.”— JJ Stankevitz (@JJStankevitz) August 5, 2016Kelly says, flat out, the relationship with Bleacher Report allows them to reach their targeted audience. More so than the Showtime deal.— Mike Vorel (@mikevorel) August 5, 2016As I expected, Kelly says the Bleacher Report media deal requires much less time/effort than the Showtime documentary series did.— Stephen Brooks (@StephenM_Brooks) August 5, 2016Notre Dame did a documentary with SHOWTIME last season. Florida State is doing a similar documentary this season.The Fighting Irish released this video about their partnership with Bleacher Report. The start of something new.@NDFootball x @BleacherReportComing this fall… #BRxND pic.twitter.com/8dbeU1jHvN— Notre Dame Football (@NDFootball) August 4, 2016Notre Dame opens its season on Sunday, Sept. 4 against Texas.last_img read more

RCMP tactical team uses tear gas forced entry to make arrests in

first_imgPORTAGE LA PRAIRIE, Man. – A report of a suspicious man with a gun led to some tense moments in central Manitoba early Tuesday.Mounties in Portage la Prairie say they were called to a home in the community shortly before midnight and when the tactical team tried to enter, it discovered barricades had been set up.Four people inside refused to come out for negotiators, so police used tear gas to flush out a 25-year-old woman and a 16-year-old girl.The tactical team then forced its way in and arrested two men, both 27.Police say the woman and teen, who were released from custody, are being treated as witnesses or possibly victims.One of the men arrested is a suspect in an earlier car theft from the same home where the takedown occurred.Police say all four people suffered minor injuries, but no officers were hurt.Police had asked the pubic to stay away from the home while officers were making arrests and not to post police movements on social media.“The RCMP thanks the public for their co-operation in staying clear,” Const. Sean O’Keefe said in a statement. “Public safety is our priority.”last_img read more

Michelle Obama in Toronto on Nov 28 to speak about equality for

first_imgTORONTO – Michelle Obama is coming to Canada later this month to speak about education and equality for girls and women around the world.The Toronto event on Nov. 28 will be hosted by the Economic Club of Canada and Plan International Canada.Economic Club of Canada president and CEO Rhiannon Traill says the former first lady will participate in “fireside chat-style” conversation.She says 3,000 tickets will be sold for the event, but each buyer will purchase two tickets, with one being donated to a young person between the ages of 14 and 24.As an example, she said if a bank buys a table for 10, five tickets will go to youth who will sit with the bank executives.Traill says young people from across Canada who want to attend will be able to apply through a site being set up by Plan International Canada.“The one thing I really didn’t want to happen was to have a bunch of Bay Street corporate leaders only bringing their children,” Traill said. “I don’t think that that’s inclusive and I don’t think that that’s fully the conversation that we need to have.”The Economic Club wants to ensure it’s inviting youth from across the country and from all backgrounds, she said, adding that it will not be a watered-down conversation.“I think that the young people in this country are prepared and a lot more eloquent and engaged than many suspect,” Traill said.last_img read more

Fundraiser supporting Calgarys Fish Creek Provincial Park

first_imgA fundraiser will be hosted Friday night to support Fish Creek Provincial Park. A Taste of Autumn Wine & Beer Tasting and Silent Auction will feature keynote speaker Harry Sanders, a local historian who will talk about the city and the park. READ MORE: Fish Creek Park gets Taste of AutumnThe event is taking place at the Canyon Meadows Golf & Country Club overlooking the Fish Creek Valley. For more event information visit The Friends of Fish Creek website.last_img

USChina trade war distracting from talks with Canada on steel tariffs Morneau

first_imgMONTREAL — Finance Minister Bill Morneau says the ongoing U.S.-China trade dispute is distracting from talks aimed at solving the steel tariffs issue between Canada and its largest trading partner.At an event in Montreal Friday, Morneau said the Americans’ Pacific trade row puts “multiple challenges on their plate,” making it tough for Ottawa to draw Washington’s attention to tariffs on its home turf.U.S. President Donald Trump slapped tariffs of 25 per cent and 10 per cent on steel and aluminum imports, respectively, from Canada in May, prompting retaliatory tariffs by Canada on $16.6 billion worth of U.S. goods.Meanwhile, American tariffs against China have triggered a tit-for-tat trade war affecting hundreds of billions of dollars in goods over the past year.Despite a 90-day ceasefire announced Thursday in which the two countries agreed to suspend tariff hikes and work toward a resolution, the Dec. 1 arrest of Chinese telecom Huawei Technologies’ chief financial officer by Canadian authorities at the request of the U.S. Justice Department threatens to sour negotiations with Beijing.Morneau said his office is in contact daily with U.S. officials as well as metal producers and purchasers, but could not offer a timeline for an end to the tariffs.The Canadian Presslast_img read more

Ex-Indian cricketer Gautam Gambhir joins BJP

first_imgNew Delhi: Former Indian cricketer Gautam Gambhir on Friday joined the BJP in the presence of Union Ministers Arun Jaitley and Ravi Shankar Prasad ahead of the Lok Sabha elections. On the occasion, Gambhir, 37, thanked the Bharatiya Janata Party (BJP) for giving him an opportunity to serve the country. “I am joining this party (BJP) after getting influenced by Prime Minister Narendra Modi’s vision. I am honoured to get the opportunity. I will work to take this country forward and make it a better place to live in,” Gambhir told the media after joining the BJP. Also Read – India gets first tranche of Swiss bank a/c details Gambhir, a resident of Rajinder Nagar in Delhi, was a high-profile campaigner for Jaitley’s 2014 contest in Punjab’s Amritsar seat which the BJP lost. The BJP did not declare the constituency from where Gambhir will contest but informed sources said he may contest from the New Delhi constituency currently held by BJP’s Meenakshi Lekhi. Jaitley said the BJP had expanded in the last decade and that “we were called a cadre-based party and now we are cadre mass party”. Also Read – Tourists to be allowed in J&K from Thursday Gambhir met BJP President Amit Shah after joining the party. Gambhir officially announced his retirement from all forms of cricket on December 4, 2018. He played 58 Tests, scoring 4,154 runs at an average of 41.95, including nine centuries and 22 fifties. He played 147 ODIs, scoring 5,238 runs at an average of 39.68 and a strike-rate of 85.25. Gambhir made his last appearance in the India jersey in the first Test against England (2016) in the home series. He played a pivotal role in India’s historic victories in the inaugural edition of ICC World T20. In the ICC World Cup 2011, he played match-winning knocks of 75 (against Pakistan) and 97 (against Sri Lanka) which helped the men in blue to lift the world title.last_img read more

Body of 28-yr-old woman found near UP highway

first_imgMuzaffarnagar: A body of a 28-year-old woman with bullet wounds was found near a highway in Satheri village here, police said Wednesday. The body was recovered by a team of the Ratenpuri police station and sent for post mortem on Tuesday, Circle Officer Vijay Kumar Singh said. There were bullet wounds on the head of the woman, he said. The matter is being investigated and it seems, she was killed somewhere else, the circle officer said.last_img

Upper Kenai And Russian Rivers Opened At Midnight

first_imgLegal tackle in the Russian River area is a single-hook, artificial fly, with hook gap no larger than 3/8 inch. Most anglers use a bucktail streamer fly, such as a Russian River Coho Fly, with enough weight at least 18 inches ahead of the fly so that the hook travels close to the bottom of the river. The Russian and Kenai River make up one of the most popular sport fishing spots in Alaska. Russian River is open from June 11–August 20, these waters are fly-fishing-only waters, according to the Department of Fish and Game. Fishing areas are managed between multiple different agencies who all work cooperatively to keep anglers informed of forecasts, and to ensure the areas are maintained and regulations followed. Oftentimes, best success is early morning or late evening, when the sun is not directly shining on the river. Sockeye also tend to hug the bank, and long casts are not necessary. Good numbers of fish aren’t usually present until the last week of June, according to DF&G.center_img Facebook0TwitterEmailPrintFriendly分享Ready, set, go, it’s time to start fishing. As of midnight Tuesday, the Upper Kenai and Russian Rivers officially opened to fisherman. https://www.recreation.gov/camping/campgrounds/232213last_img read more

6yearold Indian migrant girl dies of heat stroke while crossing USMexico border

first_imgThe U.S.-Mexico border in Arizona.ReutersA six-year-old girl from India died of heat stroke in Arizona desert while crossing US-Mexico border after her mother left her with other migrants to go in search of water, a medical examiner and U.S. Border Patrol said on Friday.The girl, Gurupreet Kaur, soon to celebrate her seventh birthday, was found by U.S. Border Patrol west of Lukeville, Arizona on Wednesday, when temperatures reached a high of 108 degrees Fahrenheit (42 Celsius), U.S. Border Patrol and the Pima County Office of the Medical Examiner (PCOME) said.The girl’s death, the second recorded fatality of a migrant child this year in Arizona’s southern deserts, highlighted the danger of summer heat as a surge of migrant families, mainly from Central America, cross the U.S.-Mexico border to seek asylum.An increasing number of Indian nationals are entering the United States from Mexico, according to immigration officials. They are among thousands of Africans and Asian migrants making the arduous journey, led by smuggling cartels.The girl and her mother were among a group of five Indian nationals dropped off by smugglers in a remote border area at 10am on Tuesday, 17miles (27km) west of Lukeville, a U.S. border town 50miles (80km) southwest of Tucson.After walking some way, the girl’s mother and another woman went in search of water, leaving her daughter with another woman and her child.”Once they went to look for water they never saw them again,” said U.S. Border Patrol Agent Jesus Vasavilbaso.The mother and the other woman wandered in the rugged Sonoran desert wilderness for 22 hours before being found by a U.S. Border Patrol agent who tracked their footprints.Four hours later, Border Patrol agents found the body of the deceased girl a mile (1.6 km) from the border.Agents tracked the remaining woman and her 8-year-old daughter into Mexico, before the mother and child re-entered the United States and surrendered to Border Patrol.The deceased girl died of hyperthermia and her death was ruled an accident, said Greg Hess, PCOME chief medical officer.Up to May 30, PCOME recorded 58 migrant deaths in southern Arizona, most heat related. It recorded 127 deaths in 2018.Border Patrol blamed Kaur’s death on the smugglers.”This is a senseless death driven by cartels who are profiting from putting lives at risk,” Tucson Chief Patrol Agent Roy Villareal said.Human rights activist Juanita Molina said U.S. border security measures were also partly to blame, along with the exhausted state of Indian child migrants once they reach the border.”They’re trying to unload people in places where they can avoid detection themselves,” Molina, director of Tucson-based Border Action Network, said of smugglers.”For a young child, death can come very quickly,” she added.last_img read more

Bus driver responsible for Shahbagh accident Police

first_imgRoad accident illustration by Prothom AloThe driver of the bus that hit two people to their death in the capital’s Matsya Bhaban intersection on Tuesday morning is responsible for the accident and his claim that the brake had failed is not true, police have said.The Swadhin Parbahan bus was heading to Mawa from Mirpur via Shahbagh. The deceased were hit at the around 7:15am. Two more were also injured in the accident.In primary interrogation, the driver had claimed that the brake of the bus failed after he crossed Shahbageh intersection and moved towards Matsya Bhaban, said Md Jahirul Islam, officer-in-charge of Ramna police station.The driver might have said this for saving himself, the OC said, adding that actually he was running the bus with speed and was fully responsible for the accident.The bus hit six vehicles, including a rickshaw, a car, and a bus while taking a turn.According to witnesses, after the accident the bus hit another bus carrying employees of Bangladesh Atomic Energy Commission as the driver tried to run towrds Gulisthan. Read More:2 killed, 2 injured in city road crashlast_img read more

Protesters Take to the Streets After Davis is Confirmed as Baltos Police

first_imgProtesters took to the streets on Oct. 19 after members of the Baltimore City Council voted to confirm Police Chief Kevin Davis as the head of the city’s police department.Protester Mecca Verdell cries as she chants during a demonstration, Monday, Oct. 19, 2015, in Baltimore. Protesters marched after the City Council confirmed Kevin Davis as the city’s permanent police commissioner. The council’s vote came five days after a committee voted in favor of hiring Davis and demonstrators held a sit-in to demand meetings with Davis and Baltimore Mayor Stephanie Rawlings-Blake. (AP Photo/Patrick Semansky)Davis won the vote 12-2 with City Councilman Carl Stokes, who is running for mayor, and Councilman Nick J. Mosby, who is rumored to be considering a run, voting no. Davis was a former deputy under Anthony W. Batts who was fired from the position earlier this year.“We need stability in the Police Department,” said Brandon Scott, city councilman, during the hearing. “We cannot have a temporary captain of the ship with all the violence in the city and the [Freddie Gray] trials coming up. … I have confidence that the commissioner will do a better job of working with everyone to get the crime rate down.” Following protests last week, Bernard C. “Jack” Young, council president ordered the balcony overlooking the chamber closed citing safety concerns. Many of the people who had come to witness the proceedings were unable to get in. About 20 minutes into the meeting, many protesters spilled out of the meeting, chanting things like “No justice, no peace, no racist police!”The group of about 40, marched from City Hall to the Inner Harbor – often walking directly in the streets and stopping traffic. They stopped at McKeldin Square and eventually headed back to City Hall, where police had set up barricades.Organizers told the group to follow police orders and avoid getting arrested. The group had dispersed by around 6:30 p.m.Activist Kwame Rose said that Davis went back on his word after a meeting that was held Oct. 18 involving several activists and Davis.Protesters block traffic, Monday, Oct. 19, 2015, in Baltimore, after the City Council confirmed Kevin Davis as the city’s permanent police commissioner. The council’s vote came five days after a committee voted in favor of hiring Davis and demonstrators held a sit-in to demand meetings with Davis and Mayor Stephanie Rawlings-Blake. (AP Photo/Patrick Semansky)“Last night the Commissioner met with four young activists including myself and he agreed to the 19 rules of engagement. We went and we reworked every word of those 19 rules of engagement and even added a 20th rule of engagement which was that Baltimore City Police would designate one community liaison from the police department to coordinate with the protesters so that our First Amendment rights would be respected.” “Today he had until 12 p.m. to adhere to that and make a public statement and we agreed. We left that meeting with an agreement that that would happen and that did not happen. The Commissioner has continued to show that he is not interested in the respect of black young people in this city who care about their lives and their first amendment rights.”Baltimore mayoral candidate Calvin Young was inside the City Council meeting. He was in the overflow room officials had set up since the balcony was closed. People inside the overflow room could watch the proceedings on a monitor.“The vote came up and it was passed. After it was passed that’s when the demonstrators – those that were in the overflow room where I was – they all proceeded to get up and go towards the chambers. Also, from the screen we could see that demonstrations had begun in the chambers. I got up, the group that I was with, and we started paying attention and they had actually closed the doors to the chambers so those who were in the overflow room from what I could see did not make it into the actual chambers. Eventually everybody was escorted out and they started marching.”Damon Mathews-Bey, a Baltimore City employee who said he had come to the meeting because he was concerned about an issue unrelated to Davis’ confirmation, said he was upset that he wasn’t let into the meeting.“I was disturbed, very disturbed, because it’s supposed to be open to all the citizens in Baltimore and I’m a tax paying citizen also a worker for the city of Baltimore. I felt a little let down.”Following the vote, Mayor Stephanie Rawlings-Blake swore Davis in as new commissioner at a community meeting. “We have to fight violent crime in a new and different way,” Davis told reporters. “It’s going to take our best efforts and building relationships with the community.” Davis’s five year, $200,000 annual salary, contract will face another vote on Wednesday in the form of the Board Estimates. The Board of Estimates is in charge of spending for the city and is controlled by Rawlings-Blake.last_img read more

Channel Islanders will be able to travel on direct

first_imgChannel Islanders will be able to travel on direct flights to Dusseldorf and Hanover from Guernsey next summer.This is thanks to airberlin, with Germany’s second-largest airline launching flights to the second-largest of the Channel Islands from Hanover on April 16th next year.The airline already operates flights to Jersey from Germany, with all its Channel Island services due to fly on Saturdays in a development that will appeal to leisure passengers.Flights will operate throughout airberlin’s summer schedule, which begins in the middle of April and draws to a close in September.Feeder flights to Hanover and Dusseldorf will be available from Berlin, Munich and Vienna.In September, airberlin accommodated more than 3.6 million passengers, an increase of 8.7 percent from the same month 12 months previously.Between January and the end of September, the carrier transported over 25 million customers on its route network; 2.9 percent higher than the corresponding period in 2009.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedBlue Islands adds new Guernsey flightsExtra flights to Guernsey from Southampton Airport will be launched by carrier Blue IslandsAir Berlin to introduce new flights from Hanover and StuttgartAir Berlin will be launching new flights from Hanover and Stuttgart when its summer timetable comes into effectFlights to north Africa to be introduced by Air BerlinFlights to north Africa to be introduced by Air Berlinlast_img read more

Jet Airways Indias premier international airline

first_imgJet Airways, India’s premier international airline, will launch service to Riyadh, the capital and largest city of the Kingdom of Saudi Arabia, from Mumbai, effective August 6, 2009.This will be the airline’s second service to Saudi Arabia, complementing the airline’s existing daily Mumbai-Jeddah service.The airline will launch four flights a week on the Mumbai-Riyadh sector, on Mondays, Tuesdays, Thursdays and Saturdays respectively, aboard a state-of-the-art Boeing 737-800 aircraft.With the introduction of this new flight, Jet Airways will fly to 8 cities in the Gulf, including Kuwait, Bahrain, Muscat, Doha, Dubai, Abu Dhabi, Jeddah and Riyadh.According to Wolfgang Prock-Schauer, CEO, Jet Airways, “Saudi Arabia is a very important market for Jet Airways on account of the large volume of traffic to the Gulf Kingdom, to and from India, and an important addition to the airline’s growing Gulf network. With the launch of our second daily service to Saudi Arabia, we are confident of further reinforcing our position as among the leading carriers on the Indo-Gulf sector.”Jet Airways is also introducing a new, daily service to Dubai from Hyderabad, its fifth daily service to the Gulf emirate and second from Southern India, a second daily service to Bangkok from Mumbai, as well as Kochi-Sharjah service.For more information, please log on to www.jetairways.com.*Subject to requisite Government ApprovalsAbout Jet Airways Jet Airways currently operates a fleet of 80 aircraft, with an average age of 4.38 years, making it one of the youngest aircraft fleets in the world.Flights to more than 60 destinations span the length and breadth of India and beyond, including New York (both JFK and Newark), Toronto, Brussels, London (Heathrow), Hong Kong, Singapore, Kuala Lumpur, Colombo, Bangkok, Kathmandu, Dhaka, Kuwait, Bahrain, Muscat, Doha, Abu Dhabi and Dubai. The airline plans to extend its international operations to other cities in North America, Europe, Africa and Asia in phases with the introduction of additional wide-body aircraft into its fleet.For more information, visit www.jetairways.comlast_img read more

Sky Italia is launching a new channel dedicated to

first_imgSky Italia is launching a new channel dedicated to James Bond movies.The Sky Cinema 007 channel will air all movies from the James Bond franchise in HD. The launch follows a deal with MGM giving the Italian pay TV operator the rights to all 22 Bond films from Dr No to Quantum of Solace.UK pay TV operator BSkyB is launching its own Bond channel, called Sky Movies 007, later this month.last_img

In This Issue Durable goods disappoint Mar

first_imgIn This Issue.. * Durable goods disappoint * Market on hold for Fed * QE3 still an option * Quiet day for currencies And, Now, Today’s Pfennig For Your Thoughts! FOMC held the cards… Good day…and welcome to the last Thursday in April. As Chuck mentioned, I’ll be steering the ship today while he travels to Florida for some conferences, so the call to the bullpen has been made. All in all, it was a fairly quiet day and if I had to make a call one way or the other, I would have to say Wednesday turned out to be a risk on type of day. While the US earnings season has definitely fueled the risk on campers, it was touch and go for a while. We started the day pretty flat as the euro traded at 1.32 and gold was in a holding pattern at $1,643, neither of which showed any direction. All of the other currencies were either trading at breakeven or very close, so the markets were obviously waiting for something. The first bit of market moving material was staring us down right out of the gate yesterday morning, which was the durable goods figure from March, and it wasn’t pretty. The headline durable goods number decreased 4.2%, which is the most since January 2009, as demand for transportation equipment, namely aircraft, fell quite a bit from February’s robust numbers. Orders for aircraft, which can be volatile from month to month, does act as a gauge for the broad domestic and global economy, but I think the auto portion of transportation is more telling of the domestic and local economies. Bookings for cars and associated parts only increased 0.1%, which was quite lower than last month’s 2% rise, but they at least held steady. Still, it was a mixed bag at best. The durable goods minus transportation fell 1.1% from the revised 1.9% gain in February. The piece of the puzzle and the spin that had economists talking was the goods shipped portion, which is one of the components in calculating GDP. The gauge of shipped goods actually increased 2.6% and has some calling for a higher than expected first quarter GDP reading. We won’t have to wait long as the initial reading is due tomorrow morning. The markets all but overlooked the fall in durable goods as nothing really moved and the currencies were still sitting in the same place before the report was released. While it was a light day in the data department as far as the number of reports, the focus of the day fell squarely on the shoulders of the Fed. That’s right, the Fed rate meeting was yesterday so everyone was sitting on seat’s edge just waiting to see what would happen. Of course, it wasn’t the rate decision itself that held the market hostage, but instead, the sound bites that would follow garnered all of the attention. The rate decision was announced at 11:30 central time, so I looked up at the currency screens shortly thereafter and saw that gold was down about $15 and that silver was trying to stay above $30. I wasn’t expecting any earth changing developments, so it took me for surprise. I saw rates remained on hold so it wasn’t that. As it turned out, there was a knee jerk reaction immediately following the meeting to the fact that unemployment forecasts were reduced and no additional stimulus measures were announced or planned. In fact, the unemployment rate estimate was reduced down to a range of 7.8%-8.0% by year end from January’s projection of 8.2%-8.5%. Oddly enough, the currency market didn’t have much of a reaction and seemed unfazed by the initial release. About an hour later, it was Bernanke’s turn on stage as he spoke at the proceeding press conference and reversed previous thoughts that QE3 was all but out of the picture. I think the big headline from Bernanke was his announcement that the Fed is prepared to do more, if needed, to make sure the recovery continues and that inflation stays close to target. In other words, additional stimulus is still on the table and the recent strides forward aren’t enough to rule out future action. For the most part, everything he explained yesterday didn’t change much from the past several meetings as the European crisis remains a concern, economic growth is expected to moderately continue in the coming quarters, and unemployment isn’t falling as fast as they would like. As quickly as gold lost ground prior to the press conference, it quickly climbed back to where it began the day since QE3 wasn’t totally removed as an option after all. The last notable news bits from the meeting were a couple more revisions to growth and inflation. We did see an upward revision to GDP this year from a range of 2.2%-2.7% to 2.4%-2.9% so it looks like the Fed is hopeful jobs growth will continue moving in the right direction. They also increased the inflation outlook to 1.9%-2.0% and acknowledged it has picked up due to higher oil and gas prices. They still maintain gas prices will only affect inflation temporarily, but I’m not sure how that would be the case if they expect continued expansion in the US economy. Speaking of oil, we did see it rise back above $104 after the higher growth outlook, so US demand still remains in the driver’s seat when it comes to price action. I think I’ve gone on long enough with the Fed meeting, so let’s take a look and see what reports are due today. We’ll see the usual Thursday reports on weekly initial jobless claims and the continuing claims number, both of which are supposed to show slight improvement from last week. The initial claims are expected to come in at 375k, but with the constant revisions, it’s tough to maintain a firm comparison point. With that said, we’re still far from a range needed to firmly put a dent in what I would consider the most telling and important economic figure. The March jobs numbers of 120k sure doesn’t go far in my book to justify the Fed’s rosier employment outlook. We will also see the results of pending home sales from March, another area of concern by the Fed. Housing has been flailing around with no sense of direction as prices continue falling, albeit at a much slower pace than in the past, but purchases have been slow to rise as buyers try to guess the market bottom. The estimates I’ve seen aren’t much to write about, but maybe that summer like weather in March coaxed more buyers into signing contracts. Other than that, we get a gauge of consumer confidence and a regional manufacturing report, so it looks like today will be a balancing act between that ever present lake of lava, which is employment and housing. Depending how those reports turn out, we could see the market remain in a holding pattern until tomorrow since we get some big reports. We’ll see the initial printing of first quarter GDP, personal consumption, and inflation so this trio certainly has enough clout to hold the market captive until then. As I mentioned earlier, the currencies remained in a very tight range so there isn’t much to talk about on the currency front today. In fact, yesterday turned out to be one of the narrower trading days that we’ve seen lately as the euro floated within a 0.5% window between the high and low of the day. Usually, we’ll see at least a full cent deviation throughout the course of a given day, but that wasn’t the case. Since the Fed left the door open for QE3 if needed, the dollar did finish down on the day but only by a small margin. The top currencies were all commodity based as the rand broke away from the pack with a 0.7% gain. The rest of the currencies ranged from breakeven to slight gains as the Aussie and Canadian dollar took the silver and bronze medals respectively. The only sizable moves came from gold and silver, when they fell 0.7% and 2.25% immediately following the rate announcement, but they did regain all lost ground by the time I left the office last night. The rise in equities kept most currencies in positive territories to finish the day. I did see where S&P lowered India’s sovereign credit outlook to negative from stable, citing slower economic and investment growth along with a wider current account deficit as the rationale. While the actual rating was not downgraded, they did say if steps to reduce structural fiscal deficits and improvement in the investment climate are taken, they will reevaluate. The Indian finance minister quickly stepped in to say that reforms are on track and economic growth should remain intact, but only time will tell. Surprisingly enough, the rupee actually finished slightly higher on the day. Other than that, the only other development I saw before I called it a day was in New Zealand. The central bank met late in the afternoon, our time, and kept rates on hold as expected. The statement released after the meeting said the economy is still growing at a slower pace and inflation isn’t presenting any problems, so rates will probably be on hold for quite a while. The central bank governor, who is known for talking the currency down, went on the say that if the exchange rate remains strong and isn’t justified by stronger data, they might reassess the rate outlook. In other words, nothing new here since he frequently expresses concern of a strong currency. As I came in this morning, everything is trading in yesterday’s clothes and there is an ever so slight bias to sell the dollar so far. There aren’t many headlines to speak of, but we did see a report on European economic confidence fall more than expected as more austerity and economic uncertainty loom on the horizon. Even though the UK economy slipped back into recession following yesterday’s negative GDP print, we saw a report of investor sentiment rise this morning. Then there was this… If Congress and President Barack Obama can’t agree on extending some of the tax breaks set to expire at year-end, the U.S. economy will be harmed so greatly that there is nothing the Federal Reserve can do to compensate for it, Chairman Ben Bernanke said. “If no action were to be taken by the fiscal authorities, the size of the fiscal cliff is such that there’s absolutely no chance that the Federal Reserve could or would have any ability to offset that effect on the economy,” I saw this article in Bloomberg this morning, so hopefully this is yet another wake up call to get things under control. To recap…We started the day with the worst durable goods print since January 2009 but the markets were focused on the Fed rate meeting. They did keep rates on hold, as we expected, but an increased economic growth forecast initially sent some investors calling for no more QE3. Once Bernanke held the press conference, he said additional stimulus is an option if the economy stumbles. Gold and silver went for a ride around the block but the currencies stayed home. S&P lowered India’s outlook and New Zealand kept rates on hold. Currencies today 4/26/12… American Style: A$ $1.070, kiwi .8165, C$ $1.0173, euro 1.3215, sterling 1.6188, Swiss $1.0996… European Style: rand 7.7547, krone 5.7216, SEK 6.7166, forint 217.53, zloty 3.1673, koruna 18.7394, RUB 29.2812, yen 80.83, sing 1.2416, HKD 7.7591, INR 52.5375, China 6.3057, pesos 13.1581, BRL 1.88, Dollar Index 79.02, Oil $103.92, 10-year 1.96%, Silver $30.70, and Gold… $1,646.75 That’s it for today… Even though it was a quiet day in the currency market, it was a busy day at the office yesterday as it felt like I needed a couple extra hours in the day to get everything done. We found out the first game of the next playoff series for our St. Louis Blues starts Saturday against the LA Kings, so let’s go Blues!! Tonight marks a big night for football fans as the draft kicks off with the first round in primetime. The first two picks are basically made, but I’m hoping the Rams finally put together a solid and lasting draft class. With that said, I’ll you get the day started. Until next time, Have a Great Day!! Mike Meyer Assistant Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

A disabled former Liberal Democrat MP has refused

first_imgA disabled former Liberal Democrat MP has refused to criticise the Tory work and pensions secretary for covering up a report that linked the “fitness for work” test with a disabled man’s suicide.Stephen Lloyd, who narrowly lost his Eastbourne seat at last year’s general election, was a supporter of many of Iain Duncan Smith’s welfare reforms during his five years as a coalition MP.And now, in an email interview with Disability News Service (DNS), Lloyd (pictured) has refused to condemn the cover-up – even though his party is no longer in power – and has defended coalition cuts and reforms that cut billions of pounds a year from spending on disability benefits and services.Asked whether he stood by his backing for Duncan Smith, which he expressed several times as an MP, Lloyd said: “I actually believe that IDS is genuinely committed to helping disabled people into work, where possible.”He suggested that the blame for any failure of Duncan Smith’s policies lay instead with the chancellor, George Osborne.When DNS drew his attention to a trio of news stories that demonstrated the harshness of Duncan Smith’s policies on out-of-work disability policies and showed he had covered up a report that linked the work capability assessment (WCA) with the death of a man who took his own life, he refused to criticise the work and pensions secretary, although he said the three stories were “appalling”.He claimed he was not a “supporter” of Duncan Smith but believed that his “basic premise is to set up a system that tried to get people who have been out of work for a long time through disability into work”, which he said was “not easy”.The three stories show that Duncan Smith failed in his legal duty to respond to a coroner’s report into the death of 41-year-old Stephen Carre, who took his own life in January 2010 after DWP rejected his appeal against being found fit for work.In November, government-funded research concluded that the programme to reassess people claiming IB using the WCA could have caused 590 suicides in just three years.But when DNS asked why Lloyd refused to criticise Duncan Smith over the cover-up, he refused to comment further, or to express any concern about the deaths that may have been caused by the failure to respond to the report.And when asked if he had made a single political decision that he regretted during his five years as an MP, he said, “not really”, before talking instead about the failings of the government contractor Atos in carrying out the WCA.When asked if this meant that he believed he had not made a single political mistake in five years, he again declined to comment further.Asked about the billions of pounds of support cut by the coalition to spending on social care, disability living allowance and personal independence payment – that have led to thousands of people having to hand back their Motability vehicles – as well as increased sanctions for those on out-of-work benefits, and cuts to disabled students’ allowance, he refused to say which of those he supported.Lloyd, who is still active politically for the party in Eastbourne and also works as business innovations director for an international communications company based in Eastbourne, was widely praised for his constituency work during his five years as an MP.He was the first MP to launch a much-copied scheme to support the creation of 100 apprentices in his constituency in 100 days, and ensured his constituency team represented disabled people in more than 100 tribunals to appeal against being turned down for employment and support allowance, personal independence payment and disability living allowance, with a success rate he estimates at more than 80 per cent.He pointed out that hardly any MPs bother to ensure their staff attend such tribunals to advocate for their disabled constituents.He said: “This was something I very specifically set up, though there was no allocated budget, training or emphasis that we should do this.”He was a member of the work and pensions select committee and of several disability-themed all-party parliamentary groups, where he was, he says, “a constant advocate for equality of opportunity for disabled people”.And he said that, as a constituency MP, he did all he could to “fight for people who clearly were assessed inaccurately”.He said: “I do not think it wrong that people should be assessed – some after many years – as to their suitability for work, but [I] was a constant critic of Atos’s poor record.”He added: “Leaving people for years on the assumption they will never work is inherently wrong, in my view.“If after assessing they can be helped into work that has to be a good thing. The key – where my team came in – was to make the assessments fair.”last_img read more

Slack Raises 200 Million Boosting Valuation to 38 Billion

first_img Add to Queue Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article Slack Reuters 2 min read Register Now » This story originally appeared on Reuterscenter_img Free Webinar | July 31: Secrets to Running a Successful Family Business Image credit: Slack | Enhanced by Entrepreneur Slack has raised $200 million in venture capital financing, boosting its valuation to $3.8 billion, the messaging software startup said on Friday.The latest funding round comes in spite of a contraction in venture capital investing for technology startups, amid widespread concern about high valuations. The market rout among tech stocks earlier this year caused some venture capitalists to further tighten their purse strings.Late-stage investments — series D or later — dropped 71 percent in February from a year earlier, according to venture capital database PitchBook.Slack’s $200 million round is its largest yet, the latest sign that some companies are still able to attract wary investors, many of which are flush with cash. In another instance, Snapchat, the ephemeral messaging app, raised $175 million last month.Investors boosted the Slack’s valuation by $1 billion, up from $2.8 billion a year ago.The latest funding, which brings Slack’s total venture financing to $540 million, was reported in recent weeks by multiple news outlets. Slack on Friday confirmed the round, which was led by Thrive Capital and included GGV Capital and Comcast Ventures, as well as existing investors.San Francisco-based Slack makes messaging software for businesses, designed to help teams collaborate and communicate more effectively. The company says it has 2.7 million daily active users, although many of them access the free version of the software. About 800,000 are paid users. Slack’s customers include media companies such as CBS and BuzzFeed, tech companies such as Samsung Electronics Co Ltd. and Salesforce Inc., retailers, universities and the U.S. government.(Reporting by Heather Somerville; Editing by Lisa Von Ahn) April 1, 2016 Slack Raises $200 Million, Boosting Valuation to $3.8 Billion –shareslast_img read more

Tech Moguls Such as Musk and Bezos Declare Era of Artificial Intelligence

first_img 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. Tech Moguls Such as Musk and Bezos Declare Era of Artificial Intelligence Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Reuters 3 min read Artificial Intelligence –shares Image credit: Krisztian Bocsi/Bloomberg | Getty Imagescenter_img June 3, 2016 Artificial intelligence and machine learning will create computers so sophisticated and godlike that humans will need to implant “neural laces” in their brains to keep up, Tesla Motors and SpaceX CEO Elon Musk told a crowd of tech leaders this week.While Musk’s description of an injectable human-computer link may sound like science fiction, top tech executives repeatedly said that artificial intelligence (AI) was on the verge of changing everyday life, during discussion at a conference by online publication Recode this week. It is no secret that tech companies are diving into AI analytics research, an industry that will grow to $70 billion by 2020 from just $8.2 billion in 2013, according to a Bank of America report citing IDC research.AI, which combs through large troves of raw data to predict outcomes and recognize patterns, is already used in web search systems, marketing recommendation functions and security and financial trading programs. The technology will spread to driverless cars and service robots in the future, the Bank of America report said. Sundar Pichai, chief executive of Alphabet Inc.’s Google, said he sees a “huge opportunity” in AI. Google first started applying the technology through “deep neural networks” to voice recognition software about three to four years ago and is ahead of rivals such as Amazon.com Inc., Apple Inc. and Microsoft Corp. in machine learning, Pichai said. But he and others acknowledged that the work of building machines that teach themselves is still in its infancy. Microsoft, for instance, apologized and went back to the lab after an AI chatbot talking on Twitter “learned” to make racist comments.Amazon CEO Jeff Bezos predicted a profound impact on society over the next 20 years.”It’s really early but I think we’re on the edge of a golden era. It’s going to be so exciting to see what happens,” he said. Amazon has been working on artificial intelligence for at least four years and now has 1,000 employees working on Alexa, the company’s voice-based smart assistant software system, he said.Big tech companies including Amazon have an edge at present because they have access to large amounts of data but hundreds of AI startups will hatch in the next few years, he said.IBM CEO Ginni Rometty said the company has been working on artificial technology, which she calls a cognitive system, since 2005 when it started developing its Watson supercomputer.”I would say in five years, there’s no doubt in my mind that cognitive AI will impact every decision made” from healthcare to education to financial services, Rometty said.But it was the comments by Tesla’s Musk, on how he would potentially develop the technology to implant humans with technology to augment brains, that captured the imagination of attendees, according to Adam Burrows, senior vice president of emerging businesses at HomeAdvisor, a unit of IAC/Interactive Corp. “It got people thinking on a philosophical level and away from what Google or Tesla will come out with next year,” he said. “It brings up the question, are we human anymore if we are part computer?”(BY Liana B. Baker; Editing by Peter Henderson and Matthew Lewis) Add to Queue This story originally appeared on Reuters Next Article Enroll Now for $5last_img read more