Typhoon Mangkhut limits Macaus September arrivals to slight 3 growth

first_img Macau GGR tumbles 8.6% in August RelatedPosts JW Marriott at Galaxy Macau named venue and Galaxy Entertainment Group named Venue Sponsor for 2019 Asian Gaming Power 50 Black Tie Gala Dinner As previously reported by Inside Asian Gaming, Union Gaming’s Grant Govertsen said after the storm that “damage to Macau was very slight and that GGR could be impacted by upwards of 700 bps relative to our initial +14% forecast for the month.”September GGR ultimately saw year-on-year growth of just 2.8% to MOP$21.9 billion, a major contraction from 17.1% growth in August.DSEC data indicated that the number of mainland Chinese visitors increased 5.7% year-on-year to 1.8 million during the month, with those arriving under the Individual Visit Scheme soared 10.3% to 788,426.On the other hand, visitors from the Republic of Korea, Hong Kong and Taiwan decreased by 4.4%, 1.6% and 3.7% respectively in September.By mode of transport, airport and land arrivals increased by 18.9% and 9.6% year-on-year respectively while ferry arrivals decreased 11.8%.Aggregate arrivals from January to September were up 8.3% year-on-year, totaling 25.8 million. Chinese Mainlanders led the figures with an increase of 13.3% in the period. Load More Galaxy offers first glimpse of new Galaxy Macau convention center ahead of 2021 launch More than 2.5 million visitors arrived in Macau in September, up 3% year-on-year but down 24.7% sequentially, according to figures released by the Statistics and Census Service (DSEC) on Tuesday.The numbers were negatively impacted by the effects of Typhoon Mangkhut which battered Macau during the weekend of 15 and 16 September.last_img

Former Meredith Exec Joins National Journal as President

first_imgAndy Sareyan, former executive vice president of consumer brands and chief brand officer with Meredith, is slated to join the Atlantic Media Group as executive vice president. In addition to acting as EVP, Sareyan will become president of National Journal.In this role, Sareyan will help Atlantic Media owner and chairman David Bradley in the conversion of National Journal’s subscription model to a membership service. Bradley introduced the membership model in a letter to readers in August. Previously, subscriptions cost from $2,000 to $4,000 for annual access; National Journal members are charged $4,000 to $25,000 for complete access. The price hike, in addition to new services, allows an entire company/organization access to National Journal features for one membership fee. The service includes the weekly publication, the National Journal Daily and its digital counterparts. Justin Smith, president of Atlantic Media, told FOLIO: at the time of the announcement that the membership also includes, “…an enriched suite of information, briefings, and best-practices research compiled by a new, independent research staff-and other tools designed to meet the specific needs of public policy professionals.”Paid circ for the National Journal was around 15,000 at the time of the announcement; Bradley tells The New York Post he already converted 100 subscribers into members. He also tells The Post that the new membership model could amount in a 50 to 80 percent revenue jump in the next few years. While at Meredith, Sareyan was responsible for Better Homes and Gardens, Ladies’ Home Journal, Family Circle, More and Parents; he also oversaw digital media, newsstand and brand licensing.last_img

CAMPAIGN FINANCE Dave Robertson Raises 8500 Spends 11500 To Date

first_imgWILMINGTON, MA — Former Miceli Chief of Staff Dave Robertson (D-Tewksbury) was the third of the five Democratic candidates in the 19th Middlesex State Representative race to file his pre-primary (May 7 to August 26) campaign finance report with the Massachusetts Office of Campaign and Political Finance.DonorsDave Robertson’s campaign has raised $8,440 from 82 donors, with an average (mean) donation of $102.93. Notable Wilmington donors (elected or appointed officials) include School Committee member MJ Byrnes, Housing Authority member Stacie Murphy, and Elderly Services Commissioner John Wallace.SpendingDave Robertson’s campaign has spent $11,444 as of August 26. This amount includes $4,148.70 in campaign expenditures and $10,870.05 in out-of-pocket candidate expenditures for a total expenditure of $15,018.75. Included in the $4,148.70, however, is a repayment to Robertson in the amount of $3,574.95 for out-of-pocket expenditures. As a result, that amount is essentially being counted twice — once as a “campaign expenditure” and once as an “out-of-pocket candidate expenditure.”Major expenditures include:$4,378.83 to the Wilmington/Tewksbury Town Crier for newspaper advertisements$2,327.40 to Wamesit Lanes for Campaign Kick-Off Event$2,256.75 to Connolly Printing for Lawn Signs$573.75 to Connolly Printing for Dear Friend Cards$532 to Connolly Printing for Invites, Envelopes & Campaign Letterhead$476 to Connolly Printing for Palm Cards$600 to USPS for StampsRead It For YourselfDave Robertson’s pre-primary campaign finance report can be read HERE.(NOTE: Wilmington Apple will report on each candidate’s campaign finance report over the next few days.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedCAMPAIGN FINANCE: Mark Kratman Raises More Money From Donors Than His 4 Primary Opponents COMBINEDIn “Government”CAMPAIGN FINANCE: Erika Johnson Raises Nearly $3,000, Primarily From Small DonorsIn “Government”STATE REP RACE: Tewksbury Republican Committee Attack Robertson Over Wilmington Democratic Committee Chair’s StatementIn “Government”last_img

Triangles pintsize speakers are highend masters

first_img Tags Share your voice Speakers Audio Comment The Triangle Esprit Titus EZ speakers Triangle HiFi I’ve covered a lot of American and British audiophile speakers in my time, but French contenders, rarely. This one, the Esprit Titus EZ from Triangle HiFi may be the first I’ve heard from that company, but there will likely be many more. Triangle was founded in 1980 in France, how I overlooked Triangle this long is beyond me. The Esprit Titus EZ is a small, two-way bookshelf design fitted with a 1-inch (25mm) horn loaded titanium tweeter and a 5-inch (127mm) cellulose midrange/woofer. Both drivers are designed in-house. There’s a small bass port on the rear baffle, and some of the most beautifully crafted all-metal speaker cable binding posts I’ve ever seen.  The speaker is nice and compact, just 12 x 6.2 x 10.5 inches (306x167x257mm). My gleaming white Titus EZ samples had attractive, magnetically-attached white cloth grilles, but I listened with the drivers exposed. The Esprit EZ sells for $1,250 per pair in high-gloss black or white, $1,000 in vinyl walnut or black ash in the US; £620 and £740 respectively in the UK; AU$1,399 and AU$1,699 in Australia. I don’t recommend using the Titus EZ with receivers, unless they are rated to handle 4-ohm speakers. The Titus EZ is a small two-way speakers with 5 inch woofers and so you can’t expect it to be a head banger’s or party speaker.  Easy listening with the Titus EZThe Titus EZ arrived on my doorstep right after the Wharfedale Linton Heritage speakers departed. The Lintons are much larger bookshelf speakers that retail for $1,198 a pair, in line with the Titus EZ pricewise. The Lintons make a ton of bass, play loud with ease, and they’re more dynamically alive.  Still, the Titus EZ was enjoyable and wholly satisfying, just on a smaller scale, and it would be a better fit for small to midsize rooms.  The Titus EZ has a sweet, beautiful tone that makes harsh recordings a little easier on the ears. It may be a horn speaker, but it’s not about to threaten the Klipsch RP 600M horn speaker for dynamic “slam” or power, the Titus EZ is more polite than that.One of my musician audiophile pals dropped by while I was working on the Titus EZ review, and while he can be pretty fussy about sound he was quite taken with the Esprit EZ. He was especially impressed with the way these speakers reproduced the sound of drums and cymbals. This speaker digs deep into the quieter detail of recordings, so you hear atmosphere of the recording venue or studio. The Titus EZ tweeter is clear and clean, but it’s not going to make everyday, compressed recordings sound annoyingly harsh.To test the Titus EZ’s low-bass abilities I cued up Fabriclive. 54: David Rodigan, a tasty collection of classic reggae, dance hall and dub music. Definition and fullness were decent, but if you listen to a steady diet of bass-heavy music, plan on adding a subwoofer. Same as you would for any small speaker with a 5-inch woofer. The KEF LS50 speaker is close to the same size as the ‘EZ, but the LS50 is a little less sensitive, but somewhat more weighty-sounding speaker in the bass. Definition was better, too. Still, the Titus EZ sounded richer on male vocals, which subjectively warmed up the overall tonal balance. It’s a mellower, more “relaxed”-sounding speaker. Stereo imaging was wide, but image focus wasn’t as sharp as the LS50s’. I like both of these speakers, and they’re both high-quality mini monitors so there’s no easy call here. I really enjoyed my time with the Triangle Esprit Titus EZ speakers. They’re ideal for buyers craving a very musical, highly refined speaker for use with audiophile electronics in smaller spaces. I’m just starting with Triangle speakers; I hope to report on their higher-end Signature or Magellan series speakers later this year. The Audiophiliac 1last_img

2 transgender women gangraped at knifepoint in Bengaluru accused arrested

first_imgGetty ImagesThree men have been arrested for allegedly gang-raping two transgender women at knifepoint in Bengaluru. The incident happened in Koramangala on May 12.The women, who hail from Assam, were scared to approach the police and feared how they will be treated. The News Minute states that with support from their friends and All Manipur Nupi Manbi Association (AMaNA).The incident happened on May 12 when the two victims were at a house in Koramangala. The bell rang and thinking that it was the food they ordered, one of them opened the door to find three men brandishing knives. They forcefully entered the apartment and sexually assaulted the two women for the next two hours. The men held the knives at the back of the victims’ neck to keep them in place, reports TNM.”The three men put their knives on our necks and asked us to remove our dress. When we begged them to leave us alone, they threatened to harm us. We were afraid and we did not do what to do. We had no option,” one of the victims told TNM.”I had seen one of these attackers in the neighbourhood before,” she added saying that they left the apartment immediately to their friend’s place. However, the men, who somehow got hold of their phone number threatened them with dire consequences if they did not come back.The three men were living in the same neighbourhood. One is a driver, the second man is a cook and the third assailant works as a supporting actor in the Kannada film industry.”This is a racial attack targetted towards gender and sexual minority people. This also shows the layers of inhuman treatment that people from the trans community from the North East region who live in big cities across the country face,” Santa Khurai, the president of the All Manipur Nupi Manbi Association was quoted as saying by TNM.last_img

Indians make more product searches on Amazon than Flipkart Report

first_imgAmazon boxes are seen stacked for delivery.ReutersFor Amazon and Flipkart, the competition is not just restricted to the e-commerce world.India’s two major online retailers are also vying for customers’ attention to build on their brand-base and user popularity.Billionaire Jeff Bezos-led Amazon made for 46.02 percent of mobile searches in India in the e-commerce category on the mCent browser app during July-December 2017, according to a report by free internet provider Jana.Meanwhile, rival Flipkart was able to gather 20.90 percent of searches in the corresponding period.Other smaller rivals such as eBay accounted for 9.91 percent of the searches, Snapdeal was at 7.87 percent and Shopclues at 6.77 percent.The research analyzed popular search terms across various categories and brands within the mCent browser app.Amazon’s annual subscription service, Prime, was a major reason why users were opting for Amazon over Flipkart over the past year, as the company saw a 1.5-time growth over its closest rival between April and September 2017, a report by Forrester Research said last year.The Seattle-based company witnessed the highest number of Prime subscriptions in India in the first year of launch than in any other country.The current eligible selection for Prime in India stands at over 25 million items, including Prime Video, but the company is planning to increase the items to lure more shoppers.Amazon’s Prime service, where users get free one or two-day shipping on various items, has gained a lot of traction because of a quicker delivery option compared to others. “Our data shows Amazon’s marketplace is the first choice among Indian consumers, where searches outpace nearest competitor Flipkart 2x and best popular sites like eBay and Snapdeal by a healthy margin,” Nathan Eagle, CEO and founder of Jana, said in a release dated February 5.Top shopping categories among Indian shoppers overall included laptops, cameras, tablets and smartphones, the report said.Jana’s report showed that Apple was a dominant brand when it came to search terms. The iPhone 8 led the pack with nearly one in five searches, followed by the iPhone X.last_img

2 siblings missing as boat sinks in Buriganga

first_imgTwo siblings went missing as a boat capsized in the Buriganga river at Sadarghat on Friday evening, reports UNB.The victims are Sumi, 18, daughter of Sumit Gazi of Char Kaliganj and her brother Rabiul Gazi, 8.The victims’ father said that his wife along with three of their children was going to Sadarghat to board a Barishal-bound launch in the evening, but their boat capsized in the mid-river.Although his wife and elder son managed to swim ashore, his daughter and another son could not, he added.The boat capsized due to strong current in the river as well as waves created by MV Sharuk-1, said Abdur Rajjak, officer-in-charge of Sadarghat naval police station.On information, members of Fire Service and Civil Defence rushed there, he said, adding that divers were searching for the bodies.last_img

CBS News Launches StreamingVideo Morning Program

first_img Popular on Variety TV’s morning-news wars have a new competitor.CBS News, which already produces “CBS This Morning,” unveiled “CBSN AM,” a one-hour morning program built for its CBSN streaming-video hub. The program. anchored by Anne-Marie Green and Vladimir Duthiers, launched today.The show will stream between 7 a.m. and 8 a.m. eastern. Green will anchor the full hour and Duthiers, who often appears on “CBS This Morning,” will join her at 7:30 a.m.“CBSN viewers have made it clear to us that they want more live coverage in the morning,” said Christy Tanner, executive vice president and general manager of CBS News Digital, in a prepared statement. “‘CBSN AM’ will give our audience more depth and insight on the day’s biggest stories and feature more international coverage from our global team.” ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img CBS News isn’t the first outlet to debut programming that would at first blush appear to compete with options it already produces for linear TV. NBC News, for example, produces “Stay Tuned,” a news program that runs primarily on Snapchat. One edition often airs at 7 a.m., the same time the news unit’s flagship “Today” show kicks off on the NBC broadcast network.Darius Walker is the senior executive producer of CBSN and Rob Gifford is managing editor.CBS said CBSN set new viewership records in September, which is now the top-ranked month in 2018 for total streams and the second-ranked month of all time, behind November 2016.  The company also said, CBSN helped drive CBSNews.com to its top-ranked quarter to date for unique visitors and visits in the third quarter of 2018. Even so, the company did not release specific numbers of streams, visitors or visits.  CBSN can be found via CBSNews.com/live and on all CBS News mobile apps. Consumers can stream it via iOS, Android, Apple TV, Roku, Amazon Fire TV, and game consoles like Xbox and PlayStation.last_img

Researchers suggest rate of evolution change can explain discrepancy between molecular clocks

first_img(Phys.org) —A pair of researchers affiliated with several institutions in Australia, believe they may have found a way to solve the discrepancy problem that exists between molecular biologists and paleontologists who disagree on the likely first appearance of placental mammals. They describe their new dating approach, which they call a “morphological clock” in their paper published in Proceedings of the Royal Society B: Biological Sciences. Journal information: Proceedings of the Royal Society B Citation: Researchers suggest rate of evolution change can explain discrepancy between molecular clocks and fossil evidence (2014, August 27) retrieved 18 August 2019 from https://phys.org/news/2014-08-evolution-discrepancy-molecular-clocks-fossil.html More information: Ancient dates or accelerated rates? Morphological clocks and the antiquity of placental mammals, Proc. R. Soc. B 22 October 2014 vol. 281 no. 1793 20141278. rspb.royalsocietypublishing.or … nt/281/1793/20141278AbstractAnalyses of a comprehensive morphological character matrix of mammals using ‘relaxed’ clock models (which simultaneously estimate topology, divergence dates and evolutionary rates), either alone or in combination with an 8.5 kb nuclear sequence dataset, retrieve implausibly ancient, Late Jurassic–Early Cretaceous estimates for the initial diversification of Placentalia (crown-group Eutheria). These dates are much older than all recent molecular and palaeontological estimates. They are recovered using two very different clock models, and regardless of whether the tree topology is freely estimated or constrained using scaffolds to match the current consensus placental phylogeny. This raises the possibility that divergence dates have been overestimated in previous analyses that have applied such clock models to morphological and total evidence datasets. Enforcing additional age constraints on selected internal divergences results in only a slight reduction of the age of Placentalia. Constraining Placentalia to less than 93.8 Ma, congruent with recent molecular estimates, does not require major changes in morphological or molecular evolutionary rates. Even constraining Placentalia to less than 66 Ma to match the ‘explosive’ palaeontological model results in only a 10- to 20-fold increase in maximum evolutionary rate for morphology, and fivefold for molecules. The large discrepancies between clock- and fossil-based estimates for divergence dates might therefore be attributable to relatively small changes in evolutionary rates through time, although other explanations (such as overly simplistic models of morphological evolution) need to be investigated. Conversely, dates inferred using relaxed clock models (especially with discrete morphological data and MRBAYES) should be treated cautiously, as relatively minor deviations in rate patterns can generate large effects on estimated divergence dates. Explore further Research team claims fossil-only study of placental mammalian evolution time frame is wrongcenter_img To date the first appearance of a something in the biological record, modern scientists have two main tools—dating fossils and using what’s known as a molecular clock, where DNA techniques are used to follow the evolution of species divergence. Problems come in when the two methods offer different results. That’s been the case with researchers attempting to date the first arrival of placental mammals. The earliest fossils suggest they showed up on the scene approximately 66 million years ago. The molecular clock approach, however, suggests it happened long before that, approximately 90 to 100 million years ago. In this new effort, the research pair suggest a way to resolve the difference (without claiming that the difference is because older fossils have just not been found.) They call their approach a morphological clock, which is based on the progression of anatomical differences that arise in a species, rather than DNA tracing. Using it, they suggest it’s possible that placental mammals first arrived as early as 160 million years ago. But they have a caveat, they suggest, that the speed at which evolutionary changes took place could have changed, which if taken into account, would bring the time frame closer to 66 million years ago. As for why a change in speed of evolution might have taken place, the team notes that it might have occurred soon after the dinosaurs went extinct—which would have opened up a whole new niche that could have been filled very quickly by the advent of placental mammals.If this new approach is to be taken seriously, it would cast doubts on the accuracy of molecular clocks in general—they’re based on the assumption that evolution occurs at a fixed rate. It could also help explain the “sudden” appearance of a wide variety of species 540 million years ago—the Cambrian explosion—which many believe led to the appearance of all modern animal groups. © 2014 Phys.org A four-day-old mouse. Credit: Wikipedia/CC BY-SA 3.0 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.last_img

In 2 weeks MCG commissioner transferred

first_imgGururgam: In a surprise move, Vinay Singh, the Municipal Corporation of Gurugram (MCG) Chief, who assumed office on June 14, has been transferred.The reason for his posting has not been given. His work will be presently seen by Amit Khatri till the new MCG Chief is appointed. According to sources, the tough stand taken by Singh was not favoured by the councillors and employees that has led to the move. Vinay Singh who was earlier the commissioner of Hissar division has now been entrusted with the responsibility of being the of new Municipal Corporation of Gurugram ( MCG) commissioner. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataSingh is the officer from IAS (2003) Haryana cadre besides being the MCG commissioner, Singh is also holding the responsibility of being the secretary of Haryana government’s forest department. He has earlier served as the deputy commissioner of Sonepat. Co-incidentally he was transferred to the senior post of commissioner in Hissar only in February this year. He replaced Yashpal Yadav who will now be the deputy commissioner of Palwal. The HCS officer who became the MCG commissioner in March 2018 was earlier the Haryana Urban Development Authority (HUDA).last_img

Live News traffic and weather updates for North Staffordshire South Cheshire on

first_img Video will play in  Video Loading Video Unavailable The video will start in 1Cancel Play now Click to playTap to play We pay for stories! Send your videos to video@trinitymirror.comWelcome to The Sentinel’s breaking news service bringing you all the latest updates from Stoke-on-Trent and North Staffordshire on Friday June 1. Our team of reporters will be updating this live service with all the latest on the weather, traffic and travel as well as news, sport and entertainment through the day. We’ll be bringing you the very latest updates in our live news feed below. For the latest news and breaking news visit www.stokeontrentlive.co.uk Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Follow us on Twitter @SOTLive – the official Sentinel account – real news in real time. We’re also on Facebook – your must-see news, features, videos and pictures throughout Stoke-on-Trent, North Staffordshire & South Cheshire. You’ll also find us on Instagram here . Key Events 10:2222:52End of live reportingAnd this concludes tonight’s live blog brought to you by the StokeonTrentLive team. Goodnight.22:18Highways England22:15M6 southbound in StaffordshireOne lane closed due to broken down vehicle on M6 Southbound between J13, Stafford South, and J12, Gailey. Lane one, of four, is closed but traffic is coping well.21:11Fire stationsThe city’s major fire stations have reported zero call-outs since changing shifts at 7pm. 20:44Euromillions Results: Winning numbers for tonight’s jackpotAre you feeling lucky tonight? Could you be a winner on tonight’s Euromillions draw? For a chance at the jackpot players must match all five of the main numbers drawn, plus the two lucky stars. Check your numbers here.20:39ThunderballTonight’s Thunderball results are available here with the Euromillions coming soon.20:13Delays expected as abnormal load travels through the region (Image: Staffs Police TST)Motorists are being warned they will face delays this weekend as an abnormal load travels through Staffordshire and Cheshire. The load, an electrical transformer, will leave Staffordat 8am tomorrow (June 2) before travelling along the A34 through Stafford and Stone. It will then go through Newcastle and Talke before reaching the border with Cheshire. Read more.19:28M6 southboundTraffic easing, earlier accident on M6 Southbound between J15, Stoke-On-Trent and Stafford Services. Lane three (of three) was closed. Stafford Services is located between J15 and J14. 19:27Hundreds back calls for traffic lights at ‘lethal junction’ (Image: Google Street View)Hundreds of residents have signed a petition calling for traffic lights to be installed at a ‘dangerous’ junction. Families in Alsager have called for Cheshire East Council to put the lights at the junction of Linley Road and Linley Lane after claiming possible crashes there could leave more motorists seriously and even fatally injured. So far 325 residents have signed an online petition calling on the local authority to carry out improvements at the ‘lethal junction’. It states: “In 2001 Graham Lownes died at the age of 36 in a collision at the junction. His family asked for traffic lights to make the junction safer back then. They are still waiting 17 years later.“Crashes happen regularly at this dangerous junction. We demand traffic lights be installed without further delay.”Read more.18:55Slow trafficTraffic is very slow on the M6 in both directions between junction 16, Crewe, and junction 17, Sandbach, in the roadworks area.18:34M6 reopensAll lanes have now reopened due to an earlier accident on the M6 southbound between junction 15, Stoke-on-Trent and Stafford Services.18:04M6 accidentOne lane is closed and traffic is queuing because of an accident on the M6 southbound between junction 15, Stoke-on-Trent and the Stafford Services. Lane one, of three, is closed. 18:02A500Reports of queuing traffic due to broken down vehicle on A500 D Road Northbound before Reginald Mitchell Way. 17:36M6 CheshireSlow traffic on the M6 in Cheshire in both directions between junction 19, Knutsford, and junction 18, Middlewich and Holmes Chapel.17:07Widespread Visa outage leaves of customers unable to use cards (Image: PA)One of the largest card payment networks has experienced a widespread outage today (June 1) with many Staffordshire customers unable to make contactless payments.Shoppers using Visa have been having problems with customers in Hanley’s Primary, as well as the Halfords and Primark stores in Stafford reportedly unable to use their cards.One shopper in Stafford said: “We have been trying to pay by card in different places and staff told us various places were having problems.”Read more.16:24M6 northboundVery slow traffic on the M6 northbound between junction 17, Sandbach, and junction 18, Middlewich. 16:16Cheshire trafficHeavy traffic on A534 Crewe Green Road before the roadworks at the roundabout. 16:14Severe weather15:44M6 CheshireHeavy traffic on M6 in both directions between J19 A556 (Knutsford) and J16 A500 (Crewe / Stoke-On-Trent). In the roadworks area.13:29Very slow traffic due to earlier broken down vehicle on M6 Northbound between J18 A54 (Middlewich / Holmes Chapel) and J19 A556 (Knutsford). All lanes have been re-opened. In the roadworks area.Lane one (of three) was blocked until around 13:20 within the smart motorway works. 12:41One lane blocked, long delays and queueing traffic due to broken down vehicle on M6 Northbound between J18 A54 (Middlewich / Holmes Chapel) and J19 A556 (Knutsford). In the roadworks area. Travel time is around 40 minutes.Lane one (of three) is blocked within the smart motorway works. 11:42Usual congestion on A534 Haslington Bypass before the roadworks at A5020 University Way (Crewe Green roundabout). 11:34Get your cat or dog microchipped today…for freeA free microchipping event is well underway. Police officers covering the Mill Hill area have teamed up with the RSPCA for the event todayPCSO Kirsty Lovatt with a dog at the eventThe session is taking place at 106 Sunnyside Avenue in Mill Hill until 1.30pm.PCSO Kirsty Lovatt, who covers the Mill Hill area, said: “Donations are also welcome.”10:32A534 Crewe Green Road Eastbound busy but moving before the roadworks at A5020 University Way (Crewe Green roundabout). 10:22KEY EVENTWest Midlands Ambulance Service A young boy has been killed in a crash between a car and a lorry on the M6.Emergency services were called to the southbound carriageway, between junctions six and five, at 7.37pm last night.Read more here.09:30Traffic returned to normal, earlier broken down car on M6 Southbound between J15 A500 (Stoke-On-Trent) and J14 A34 / A5013 / A5013 Creswell Grove (Stafford North).Cameras showed traffic officers are at the scene, just after end of the exit slip road from Stafford South services. All traffic was held briefly at 09:10 while the car was moved to the hard shoulder. 08:55One lane closed and slow traffic due to broken down vehicle on M6 Southbound between J15 A500 (Stoke-On-Trent) and J14 A34 / A5013 / A5013 Creswell Grove (Stafford North).Lane three (of three) is closed. 08:44A34 to be closed again tonight…A major North Staffordshire road will continue to be closed overnight for the next two evenings as roadworks continue.The A34 Stone Road will be shut in both directions between the A5035 Longton Road (Trentham Roundabout/Trentham) and the A51 (Dalraston Island/Meaford).The road is shut between 9pm and 5am on Thursday night (May 31) and Friday night (June 1), according to traffic data company INRIX, having previously been closed on Wednesday night.Read more here.08:19Traffic easing on A5020 University Way Northbound at the roadworks at A534 / Hungerford Road (Crewe Green Roundabout). 08:18Queueing traffic on A34 Newcastle Road in both directions at Child’s Lane. In the roadworks area.Temporary traffic lights are in operation. StokeonTrent Live – we’re #localandproudStokeonTrent Live – we’re #localandproudVideo Player is loading.Play VideoPauseUnmute0:00/1:20Loaded: 0%0:00Progress: 0%Stream TypeLIVE-1:20 SharePlayback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMute0:00/0:00Loaded: 0%Progress: 0%Stream TypeLIVE0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. 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Recap M6 closed due to trailer detaching from lorry

first_imgPunter found hiding in bushes UPDATE: Highways England have confirmed all lanes have reopened (as of 00.24am on Monday December 3). The M6 motorway is closed due to a lorry’s load becoming unsecured in North Staffordshire tonight (Sunday December 2). The main carriageway is closed due to a broken down lorry on the M6 Northbound at J15 A500 (Stoke-On-Trent). Traffic is being diverted via the exit and entry slip roads and the Hanchurch roundabout. A lorry’s trailer has become unsecured and lifting equipment is required to re-secure it, according to traffic data company Inrix. The issue was first reported shortly after 9.30pm – with Traffic England and Inrix confirming the closure remained in place as of 11pm. Officers from the Central Motorway Police Group say the carriageway will reopen by 1.30am on Monday morning (December 3). A spokesman said: “All lanes closed from junction 15 while vehicle recovered. Estimated time to reopen 01.30am. “Driver has been reported for having a dangerous load and a vehicle in a dangerous condition.” Delays of 30 minutes are currently reported – with Highways England there are queues almost two miles long. A Highways England spokesman said: “M6 is closed northbound within J15 Stoke-on-Trent due to broken down HGV requiring specialist recovery. Traffic is being diverted via the exit and entry slip roads at J15. Read MoreEmergency services called to incident on rail line between Stoke-on-Trent and Macclesfield “Delays building on the approach to the closure point. Please allow for extra journey time. “Approximately 1¾ miles of queuing traffic on the M6 northbound, approaching J15 near Stoke-on-Trent. We’re diverting traffic off and around J15 while we deal with a stranded HGV that needs to have it’s load removed and then re-positioned. ” We will bring you updates as we get them. Want to keep up to date with the latest traffic and travel news?Each day Stoke-on-Trent Live journalists bring you the latest news on the roads and railways across Stoke-on-Trent, North Staffordshire, South Cheshire and further afield to help keep you on the move. For the very latest updates on roads including the M6, A500, A50 and more, visit our dedicated traffic and travel news channel here. We also run a live news feed each weekday, which you can access on our website’s homepage from 7am to 9pm from Monday to Friday. And for more as-we-get-it updates on the roads across the region and beyond, join The Sentinel’s traffic and travel Facebook group here. For the latest news and breaking news visit www.stokeontrentlive.co.uk Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Read MoreTop stories on StokeonTrentLive Dad slams ‘disgusting’ hospital window Driver named following fatal collisioncenter_img Police search for missing woman Follow us on Twitter @SOTLive – the official account – real news in real time. We’re also on Facebook – your must-see news, features, videos and pictures throughout Stoke-on-Trent, North Staffordshire & South Cheshire. Want to tell us about something going on where you live? Let us know – Tweet us @SOTLive or message us on our Facebook page . And if you have pictures to share, tag us on Instagram at StokeonTrentLive .00:23Carriageway reopensThe carriageway has now reopened,“A Highways England spokesman said: “#Staffordshire On the #M6 northbound, approaching J15 near #Stoke, our recovery and clean-up crews have worked hard to resolve the problems with the stranded HGV. Junction has now re-opened. Thanks for your patience!”23:34What we know as of 11.30pmThe M6 Northbound is blocked at junction 15 due to a lorry’s load becoming unsafeTraffic is being diverted using the slip roads – with almost miles of congestion reportedSpecialist recovery equipment is being used to recover the loadPolice say the driver has been reported for having a dangerous loadThe motorway is expected to reopen by 1.30am23:23Another photo from the sceneCMPG have posted this photo from the scene (Image: CMPG)23:20Police say the road will reopen by 1.30amA Central Motorway Police Group spokesman said: All lanes closed from junction 15 while vehicle recovered. Estimated time to reopen 0130 hrs. Driver has been reported for having a dangerous load and a vehicle in a dangerous condition. “22:58Almost two miles of queues on M6A Highways England spokesman said:Approximately 1¾ miles of queuing traffic on the M6 northbound, approaching J15 near Stoke-on-Trent. We’re diverting traffic off and around J15 while we deal with a stranded HGV that needs to have it’s load removed and then re-positioned. “22:57Another photo from the sceneAnother photo Highways England have released of the recovery operation tonight (Image: Highways England)22:56Highways England photo from the sceneHighways England have released this photo from the scene (Image: Highways England)22:37Delays of 40 minutes now reportedDelays of 40 minutes are now reporting on the M6 northbound at junction 1522:31Another lane closed due to a broken down vehicle on the southbound carriagewayOne lane closed due to broken down vehicle on M6 Southbound from J13 A449 (Stafford South) to J12 A5 (Gailey).Lane one (of two). (Image: Inrix)22:30Location of the trailerThe closure is near junction 15 itself on the northbound carriageway.Location of the closure (Image: Inrix)last_img

Traffic chaos at busy StokeonTrent crossroads after threecar crash

first_imgGet the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailA three-car crash is causing traffic chaos at a busy Stoke-on-Trent crossroads. Emergency services were called to Baddeley Green Lane, Baddeley Green, just before 12pm today following reports of a collision. A Staffordshire Fire and Rescue Service crew from Longton and the West Midlands Ambulance Service are in attendance. A fire service spokesman said: “We were called to reports of a road traffic collision in Baddeley Green Lane, Milton, at around 11.54am. Read More’We don’t want this happening on our road…’ – Stunned residents find their homes cordoned off as cops investigate serious assault on busy Stoke-on-Trent street “One crew from Longton has attended. The collision involved three saloon cars. “Five casualties are currently receiving first aid treatment by paramedics from the ambulance service.” Drivers are being advised to avoid the area at this time as the incident is causing lengthy delays. Want to tell us about something going on where you live? Let us know – Tweet us @SOTLive or message us on our Facebook page . And if you have pictures to share, tag us on Instagram at StokeonTrentLive .last_img

Polish pay TV operator Canal Plus Cyfrowy has hire

first_imgPolish pay TV operator Canal Plus Cyfrowy has hired Marta Szwakopf as director of children’s channels.Szwakopf will head up MiniMini Plus, TeleToon Plus and Hyper Plus.Swakopf, who was previously head of Nickelodeon Poland and was responsible for the launch of the Nickelodeon HD channel in the CEE region, amongst other things, will replace Jolanta Adamowicz, who has left the company.last_img

Some 30 of Netflix subscribers pay for its US11

first_imgSome 30% of Netflix subscribers pay for its US$11.99 per-month premium tier – up from 21% in late 2017 – despite an October 2017 price rise, according to US-based Parks Associates.The research firm’s data suggests that uptake of Netflix’s US$7.99 per-month basic tier has fallen from 35% to 27% over the same period, while its US$9.99 per-month standard package remains its most popular.“This shift reflects trends that we are seeing across the industry, beyond Netflix,” said Brett Sappington, senior director, research, Parks Associates. “Netflix’s basic tier is limited to one screen and SD quality, while the premium tier offers viewing on up to four screens and access to Ultra HD content.“Many OTT-subscribing households have multiple people who want to watch similar content at the same time. Rather than competing for access, consumers are willing to pay extra for the convenience of multiple streams. At the same time, consumers want to watch on TVs, making HD viewing a must. Demand for Ultra HD TV is small but increasing.”last_img

The launch of Netflix and the subsequent announcem

first_imgThe launch of Netflix and the subsequent announcement by BSkyB that it would roll out its own web-only subscription offering have thrown over-the-top services into the spotlight, especially in the UK. These services, along with so-called connected TVs from the likes of Samsung and Sony, and the forthcoming launch of YouView, could profoundly effect the way we consume video in the future. The impact is being felt across Europe, with regional and pan-regional players launching various forms of OTT.On the face of it, the various platforms offer similar services – movies and TV shows to connected devices – but business models, user experience and content deals vary widely. In some ways, OTT operators are fumbling around in the dark, hoping that their branding, content offerings and pricing models will win out. Some will fail, but for the winners, the prize could be substantial.The pay TV operatorIn light of the proliferation of OTT services in the UK, and in the case of Netflix and Lovefilm, backed by substantial marketing budgets, it is perhaps of little surprise that Sky is hitting back with an OTT service of its own. Whether it’s an offensive or defensive move is unclear, but the timing is notable.Sky has offered a form of OTT for some time, via its Sky Anytime online platform, which last year evolved into Sky Go, a service offering a number of premium channels and on-demand content on various devices including tablets, smart phones and games consoles. The difference, and perhaps game changing feature, of the yet-to-be-named platform is that it is being made available to people who don’t take a Sky subscription.“We’ve seen a rapid proliferation of internet connected devices and increasing demand from consumers to access video on multiple-screens, particularly through our own Sky Go service,” says Stephen van Rooyen, managing director of Sky’s sales and marketing group. “To build on our existing expertise and investments in delivering TV online and on mobile, we want to build out a new proposition which offers Sky content in new ways. The flexibility of internet delivery enables us to innovate in the way we package and price content, to appeal to those potential customers who may like the content that we offer, but who don’t currently subscribe to a pay TV service.”Sky’s announcement about the forthcoming OTT platform came as it revealed that the 2011 Christmas quarter was the first ever that it didn’t deliver the highest quarterly customer additions for the year – a sign that its subscription service is reaching saturation point. Sky will be hoping to use its new platform to mop up those customers taking free-to-air services who, while unprepared to commit to monthly payments for premium content, are prepared to pay for certain movies, TV shows and possible sports events.There is, of course, a risk for Sky that existing subscribers will churn in favour of a combination of free-to-air and occasional Sky OTT use, or that potential new subscribers will be swayed into choosing this option instead. But, according to Van Rooyen, the operator is placing an emphasis on offering as much choice to existing and potential customers as possible – a Sky customer taking any service is better than a non-customer. “By offering content in a more flexible and simple way, a distinct internet TV service enables us to offer more choice in how customers access Sky content,” says Van Rooyen. “Our new service will cater to those consumers who like what we offer but for one reason or another have decided to not to sign up to Sky for a satellite-based subscription.” By innovating in the way it packages its content, Sky is able to give those homes more choice over how they access pay TV, which will open up pay TV to even more UK homes, he says, pointing out that although more UK homes now take a pay TV service than don’t, there’s still significant headroom for growth, with 13 million homes relying only on free-to-air services. “As the content gap between pay TV and free TV continues to widen, we see internet TV as a complementary growth opportunity alongside satellite,” says Van Rooyen.While Sky will be competing with newer entrants to the market, it is confident that the brand recognition it has developed in the 20 years since launching, coupled with its strong content offering will bring success in the OTT space. While the platform will launch initially with movie content, it is likely to add TV series and sports. Van Rooyen says its experiences of innovating in platforms and services will also serve it well. “Sky’s success since launch has been founded on investment in content and innovation,” she says. “In practice this means making sure our customers enjoy access to high-quality, exclusive content first, supported by innovation that drives an even richer, more engaging experience. This is the same approach that we will take to our internet TV services, making sure that consumers understand the content and experience gaps between Sky and competitive services. Whether it’s having a better quality line-up of programmes or a better user experience, we’ll offer customers great value.”The CPE vendorOne of the new entrants to the UK’s OTT market is streaming device specialist Roku. The company launched in the US in 2008, offering access to then DVD rental company Netflix’s online service. It has since done numerous deals with content owners and has sold around 2.5 million devices.In the UK, Roku customers are not tied into a subscription; they need to buy one of the two available streaming devices – the XS at £99 (?118), which can be connected via Ethernet as well as WiFi and can display 1080p video, and the LT at £49, which displays 720p video.Rather than acquiring its own content like other OTT platforms, Roku acts as a host for any provider that meets its basic quality threshold to offer their own streaming services. While the company offers its own billing platform, once content owners have got carriage on Roku they can deliver and manage their own services, as is the case with Netflix.Roku expects its products to reach mass-market status in the UK, but, says Clive Hudson, Roku’s vice-president and general manager, it doesn’t intend to initiate a high profile marketing campaign until it has a wider range of content partners on board. “We’ll look to add more services and other film services as well. We will wait untill we have more content providers on board before we push out to other potential users,” he says. “Movies are what people are attracted to – and then in the UK you can add some of the catch-up services. We have seen a lot of interest in the Netflix launch.”While the UK version delivers fewer channels than Roku does in the US, it currently has deals in place with around 40 partners, including Netflix, Sony-backed Crackle and the BBC’s iPlayer catch-up service. Additional content comes from Euronews, CNBC, Yupp TV and Bollywood movies.According to Hudson, Roku aims to deliver a user experience that is simple to use. “You don’t need to be geeky to use it,” he says.Looking to expand the range of devices Roku can by used on, the company plans to introduce the USB streaming stick that it launched recently in the US in the UK market. The device can convert TVs that are compatible with the MHL standard into connected TVs, offering the same functionality as the set-top boxes. In the US, this product is bundled with branded TVs sold by the BestBuy retail chain.“People invest a lot of money in smart TVs but the actual screens have a five-year lifespan while the smart hub might have a much shorter replacement cycle,” says Hudson. The use of the stick can help future-proof the TV, he says.For now, Roku is not planning any further launches in Europe. “We will look at other markets but that’s not high on the agenda right now,” says Hudson. “Getting the UK right is the thing that’s important.”The pure OTT playerSweden-based Voddler launched in 2010 as an ad-funded streaming service. In the intervening two years, it has added a premium option enabling customers to skip the ads, launched transactional VOD, expanded onto smartphones and, most recently, began offering titles to download.The service is available in Sweden, Norway, Denmark and Finland, where it has a cumulative total of over one million registered users, and in Spain. It offers content from 35 film studios, including five of the Hollywood majors, and numerous broadcasters.Scandinavia isn’t short of OTT services. Last year saw the launch of free and pay TV broadcaster Modern Times Group’s Viaplay service offering premium live sports coverage, thousands of blockbuster movies, TV series and catch-up services on various connected devices. But according to Anders Sjöman, Voddler’s vice-president of communications, Voddler is competing on technology and pricing models.“As with all good tech stories, it started with three guys in a basement,” he says, explaining how the platform was invented almost by accident as its founders were attempting to develop more efficient means of distributing large files over the internet. Today, Voddler uses a mix of content delivery networks and peer-to-peer technology to deliver very high-quality video in a cost-efficient manner. The network, called Voddler Net, is a decentralised distributed streaming system with centralised control. Voddler developed and patented  the network itself. It has taken elements from the ability of CDN networks to control content within the network, and from peer-to-peer networks where content is pushed as far out into the network as possible. “Pure peer-to-peer is chaos,” says Sjöman. “Anyone can put content into the network, and once it’s there you have no control over it. The difference with Voddler Net is that only we can publish content. We retain complete control over it and can decide how long it stays on the network.” New Voddler customers must download an app before they can begin using the service and agree to having some content stored on their hard drives. When another Voddler user streams a movie or TV show, rather than streaming from the company’s video servers, it comes from other Voddler users who have already seen it and still have some of it stored on their hard drive.“It means we can have a much higher bitrate, enabling us to deliver a better image than other services. We also save on delivery and storage costs,” Sjöman points out. “If a movie is well spread across the network, we might only have 3% of it being streamed from our servers, the rest comes from our users. It’s a perfect match of supply and demand – the more people watch a movie, the better the quality. On other platforms it would mean having to buy a new server.”Sjöman believes Voddler is also benefitting from the mix of pricing models it offers to customers, including TVOD and AVOD: “We are the only European-based video provider that is both your video store and your TV channel.” He says that about 60% of Voddler video views are for free content and 40% are for transactional content, although the revenue split is more evenly balanced. “There are fewer views with TVOD but a higher mark up. We’ll keep building both sides of the business,” he says. In terms of the free content, which comes with four to five minutes of pre-roll ads, Sjöman points out that the costs involved in using a third-party CDN to stream the ads rather than using its own network would cancel out the revenues generated from the ads.Voddler is actively seeking to expand outside Scandinavia. Most recently it launched in Spain, a decision that was made for business and practical reasons. From a technology point of view, it makes sense to distribute Voddler Net networks around Europe so they can be scaled more efficiently. “We wanted to launch in a large market but also in one that is far away from Sweden so we could install a network as far away as possible,” says Sjöman.There was also a business decision based, surprisingly, on the fact that Spain is one of the most prolific countries for illegal video file sharing, the idea being that there was a large potential market of customers who wanted to watch online services. “They are huge on piracy [in Spain] and that actually tells us that people have moved online to get their content. We believe that if you can find the right business model, the right pricing level and offer the right content, you can compete with pirates,” says Sjöman, adding that the country is not ruling out a launch in any European country. “It’s a question of timing because every time you go into a new market you have to renegotiate rights. But we are confident we can enter any market with a different proposition based on our technology and our quality.”The UGC serviceFor all the talk of OTT services transforming the TV landscape, some of the most successful and well-known internet services have made their name by offering video content for a number of years. Take Dailymotion, the second largest online video site globally with around 120 million monthly unique visitors. Founded in 2005, around the same time as YouTube, the video-sharing platform was instantly popular in its home market of France, before it started an international expansion programme.While sites including Dailymotion and YouTube are often associated with videos of people falling over, cute babies and grainy concert footage, they are starting to use their reach to deliver premium content. In the case of Dailymotion, the majority of content available on the site is user generated, which is offered for free but supported by ads with revenue shared between Dailymotion and whoever uploaded the video. However, Daniel Adams, Dailymotion’s head of international content says that as the site has developed, it has increasingly struck deals with premium content owners. “We have about five or six million premium content videos on the sight, working with broadcasters including Bloomberg, BBC World News and Euronews, for example. As well as news, music and sport do well,” he says.Taking things further, Dailymotion has begun to experiment with a pay model and has recently soft launched a TVOD service in France.Last year French telco and pay TV operator Orange acquired 49% of Dailymotion with the option to buy the remainder of the business in 2013. Orange has already offered some premium content on the platform, including the live streaming of a Coldplay concert that Orange had acquired the rights to. Adams believes more Orange content will be made available on the platform. “For Orange, Dailymotion can be used as an OTT offering to complement their other services and to perhaps distribute some of their premium content. It gives them huge scale straight away. There are all sorts of opportunities going forward,” he says.When it comes to striking pay deals with content owners, one thing clearly in Dailymotion’s favour is its scale. “We offer reach and we offer eyeballs,” says Adams. “If you are a movie studio or music promoter you need to find ways to access large enough audiences to make distribution on the internet worthwhile. We can offer that scale.”Unlike YouTube, Dailymotion’s service is heavily editorialised, rather than being focused on search. The company has teams of editorial staff in each of its markets that deliver a curated service to users. “The benefit is that we can drive our audience to content that we think they’ll like,” says Adams. It also means the company can push high-value content and strike deals with content owners. Ultimately, Adams believes that if an online platform offers relevant content in a welcoming environment and an attractive price, there is an opportunity to persuade them to pay for it. “It is appropriate for most of our content to be distributed as part of an ad-funded model but there is also a place for higher end content, including feature films.” As the OTT land-grab gathers pace, Graham Pomphrey gets the lowdown from various operators offering very different propositions.last_img

Missing teenager Leah HigginsPOLICE say they are a

first_img Missing teenager Leah HigginsPOLICE say they are are growing increasingly concerned about missing person Leah Higgins.She was last seen on Monday, August 6 at around 1pm in the Creggan area of the City. Leah is 14 years old and wearing an olive tracksuit. “If you have any information of her whereabouts please contact police and quote incident reference 1561 of 06/08/18,” said a police spokesperson.There have been a number of reported sightings of Leah in the Beechwood area, Foyle Street and Pilots Row.PSNI: Help us find missing Leah Higgins was last modified: August 8th, 2018 by John2John2 Tags: beechwoodCRegganFoyle StreetPILOT’S ROWPSNI FOYLEPSNI: Help us find missing Leah Higginscenter_img ShareTweetlast_img

Why Most Gold Bugs Are Dead Wrong By Jim Rickard

first_img Why Most Gold Bugs Are Dead Wrong By Jim Rickards, Editor, Jim Rickards’ Strategic Intelligence May 22, 2015 One of the most persistent story lines among gold bugs and market participants who foresee the collapse of the dollar goes something like this: I’m doing something a bit different in addition to today’s Gold & Silver Daily… I consider Jim Rickards to be one of the brightest minds in the financial markets today. He’s worked with many of the largest financial institutions and government agencies—and as you know, he’s also written two New York Times best-sellers about the problems with today’s monetary system: Currency Wars and The Death of Money. In today’s piece, Jim explains why one of the most dearly held beliefs of gold bugs is simply not true. It was originally published in the May issue of Jim Rickards’ Strategic Intelligence. I hope you enjoy. China and many emerging markets, including the other BRICS, are looking for a way out of the global fiat currency system. That system is dominated today by the US dollar. This dollar dominance allows the US to force certain kinds of behavior in foreign policy and energy markets. Countries that don’t comply with US wishes find themselves frozen out of global payment systems and find their banks unable to transact in dollars for needed imports or to get paid for their exports. Russia, Iran, and Syria have all been subjected to this treatment recently. China doesn’t like this system any more than Russia or Iran but is unwilling to confront the US head-on. Instead, China is quietly accumulating massive amounts of gold and building alternative financial institutions, such as the Asia Infrastructure Investment Bank, AIIB, and the BRICS-sponsored New Development Bank (NDB). When the time is right, China will suddenly announce its actual gold holdings to the world and simultaneously turn its back on the Bretton Woods institutions such as the IMF and World Bank. China will back its currency with its own gold and use the AIIB, NDB, and other institutions to lead a new global financial order. Russia and others will be invited to join the Chinese in this new international monetary system. As a result, the dollar will collapse, the price of gold will skyrocket, and China will be the new global financial hegemon. The gold bugs will live happily ever after. The only problem with this story is that the most important parts of it are wrong. As usual, the truth is much more intriguing than the popular version. Here’s what’s really going on. As with most myths, parts of the story are true. China is secretly acquiring thousands of tons of gold. China is creating new multilateral lending institutions. No doubt, China will announce an upward revision in its official gold holdings sometime in the next year or so. In fact, Bloomberg News reported on April 20, 2015, under the headline “The Mystery of China’s Gold Stash May Soon Be Solved” that “China may be preparing to update its disclosed holdings …” But the reasons for the acquisition of gold and the updated disclosures—if they happen—are not the ones the blogosphere believes. China isn’t trying to destroy the old boys’ club—it’s trying to join it. China understands that despite the strong growth and huge size of its economy, the yuan is not ready to be a true reserve currency and will not be ready for years to come. It is true that usage of the yuan is increasing in international transactions. But it is still used for fewer than 2% of global payments, compared with over 40% for the US dollar. Usage in payments is only one indicium of a true reserve currency… and not the most important one. The key to being a reserve currency isn’t payments, but investments. There needs to be a deep, liquid bond market denominated in the reserve currency. That way, when countries earn the target currency in trade, they have someplace to invest the surplus. Right now, if you earn yuan trading with China, all you can do with the money is leave it in a bank deposit or spend it in China. There is no large yuan-denominated bond market to invest in. In addition to a bond market, you need the “plumbing” of a bond market. This includes a network of primary dealers; hedging tools such as futures and options; financing tools such as repurchase agreements, derivatives, clearance, and settlement channels; and a good rule of law to settle disputes, secure creditors, and deal with bankruptcies. China has none of these things on the needed scale or level of maturity. When it comes to true reserve-currency status, the yuan is not ready for prime time. China is also not ready to launch a gold-backed currency. Even if it has 10,000 tons of gold—far more than it currently admits—the market value of that gold is only about $385 billion. China’s M1 money supply as of April 2015 is about $5.4 trillion. In other words, even on assumptions highly favorable to China, its gold is worth only about 7% of its money supply. Historically, countries that want to run a successful gold standard need 20–40% of the money supply in gold in order to stand up to bank runs in the market. China could reduce its money supply to get to the 20% level, but this would be extremely deflationary and throw the Chinese economy into a depression that would trigger political instability. So that won’t happen. In short, China can’t have a reserve currency because it doesn’t have a bond market, and it can’t have a gold-backed currency because it has nowhere near enough gold. So what is China’s plan? China wants to do what the US has done, which is to remain on a paper currency standard but make that currency important enough in world finance and trade to give China leverage over the behavior of other countries. The best way to do that is to increase its voting power at the IMF and have the yuan included in the IMF basket for determining the value of the special drawing right. Getting those two things requires the approval of the United States, because the US has veto power over important changes at the IMF. The US can stand in the way of Chinese ambitions. The result is a kind of grand bargain in which China will get the IMF status it wants, but the US will force China to be on its best behavior in return. This means that China must keep the yuan pegged to the dollar at or near the current level. It also means that China can have gold but can’t talk about it. In order to “join the club,” China must play by club rules. The rules of the game say you need a lot of gold to play, but you don’t recognize the gold or discuss it publicly. Above all, you do not treat gold as money, even though gold has always been money. The members of the club keep their gold handy just in case, but otherwise, they publicly disparage it and pretend it has no role in the international monetary system. China will be expected to do the same. It’s important to note that China will not act in the best interests of gold investors; it will act in the best interests of China. Moreover, just because the grand bargain is in sight does not mean it will be easy to realize. Both sides are jockeying for leverage. Beijing launched its own development bank to put pressure on the IMF. The US Treasury blames the Tea Party for delays in approving China’s new votes at the IMF. Meanwhile, the White House does nothing to break the logjam in Congress. The White House is happy to let China twist in the wind while the game goes on behind closed doors. Meanwhile, China will probably announce its increased gold holdings later this year. But don’t expect fireworks. China has three accounts where it keeps gold: the People’s Bank of China (PBOC); the State Administration of Foreign Exchange (SAFE); and the China Investment Corp. (CIC). China can move enough gold to PBOC when it’s ready and report that to the IMF for purposes of allowing the yuan in the SDR. Meanwhile, it can still hide gold in SAFE and CIC until it needs it in the future. China will also probably be admitted into the SDR basket later this year. Far from launching its own gold-backed currency, China will be acknowledging that the SDR is the true world money as far as the major powers are concerned. Why would China want to give up on fiat money any more than the Fed or the European Central Bank? All central banks prefer paper money to gold because they can print the paper kind. Why give up on that monopoly of power? Gold is still the safest asset, and every investor should have some in his portfolio. The price of gold will go significantly higher in the years ahead. But contrary to what you read in the blogs, gold won’t go higher because China is confronting the US or launching a gold-backed currency. It will go higher when all central banks—China’s and the U.S.’s included—confront the next global liquidity crisis, which will be worse than the one in 2008, and individual citizens stampede into gold to preserve wealth in a world that has lost confidence in all central banks. When that happens, physical gold may not be available at all. The time to build your personal gold reserve is now. P.S. Buying gold and silver is only one way to profit from the current distortions in currency markets. While most investors will be caught completely off guard by the result of this money manipulation, a small group of informed participants could make a fortune. Jim Rickards developed his proprietary “IMPACT” from huge swings in the manipulated currency markets. If you haven’t already heard about Jim’s new system, I encourage you to learn more herelast_img

How NHL Legend Cam Neely Teamed Up with Denis Leary to Kick

first_imgProject Grow Image credit: Paul Marotta | Getty Images Add to Queue Next Article –shares Apply Now » You might think that a guy who spent a total of 143 minutes in the penalty box during one season of hockey might have somewhat less than a sparkling sense of humor, but you’d be wrong.NHL Hall of Famer and President of the Boston Bruins Cam Neely not only appreciates a good joke, he and Denis Leary co-founded Comics Come Home, the longest-running comedy fundraiser in history. Since 1995, the annual event benefits The Cam Neely Foundation for Cancer Care, whose mission is “to provide comfort, support and hope to cancer patients and their families.” This year’s show at the TD Garden in Boston on Nov. 18 boasts a mega lineup of stars includes Jimmy Fallon, Craig Ferguson and Jeff Ross, among many others. Tickets are on sale here.Entrepreneur sat down with the bruising Bruin to discuss his passion for helping others, leadership, and tips for building a team that hates to lose.This is the 23rd year of Comics Come Home. What has driven you to do this year after year?Both of my parents were diagnosed with cancer at a young age and passed away. Most professional athletes do a number of charitable things throughout their careers, and when cancer struck my family, I decided to start this foundation focused on areas of care that I saw was lacking. Families suffer so much when a loved one is sick. So we have two main parts: The Neely Cancer Fund which supports treatment and research efforts and The Neely House, built in memory of my parents, which gives families a convenient, comfortable place to live and relax and be around others while undergoing treatment.How did Denis Leary get involved?Denis is from Worcester Mass. I first came to Boston in 1986, instead of going to movies I enjoyed going to comedy shows. Through some mutual friends, I met Denis and we became friends. I asked him if he would consider doing some standup for a benefit for our foundation, and he did so much more. Comics Come Home is really his brainchild, he pulled together his friends from the Boston clubs and it has grown so much from there.Related: (Survey) A Quarter of Cancer Patients Use Legal Medical MarijuanaWhether it is running your foundation or your hockey team, how would you describe your decision-making style?It’s really all about having the right conversations with the right people to get the right information. You need to digest the facts and then ultimately not be afraid to make a decision. The toughest thing is understanding that your decisions could impact other people’s lives, but you can’t be afraid to do what you think it’s right. You just have to believe it and move forward.What do you look for in new hires?One of my favorite questions to ask people — especially prospective players — is, “Do you love to win or do you hate to lose?” There’s a big difference. Everybody loves to win. I hate losing. And I love when great teamwork works. Sure, this guy might have scored three goals, but in order to do that, someone had to pass him the puck.Related: 15 Motivational Quotes From Legends in SportsBesides hockey and charity, you are something of a notable film actor. You famously hocked a loogie into Jeff Daniels’ cheeseburger in Dumb & Dumber.[Laughs] Yes, I played Sea Bass. That was a heck of a good time. The funny thing was when the Farellys asked me to do it, I didn’t know much about the production. I said sure, as long as it doesn’t interfere with my playing schedule. Then Jim Carrey and Jeff Daniels signed on. Wow, this just became a much bigger deal! Every once in a while when I’m walking down the street, I still get people shouting, “Kick his ass, Sea Bass!”What was it like to have the Bruins win the Stanley Cup?For me it was it was such a special moment because I truly love our fan base. It was 39 years between cups and so you have generations of passionate fans. I was excited for our fan base and the city of Boston.Do you plan on talking to the team about the ongoing controversy of players not standing for the National Anthem?Yes, we’ll be addressing that. You know, I believe everybody has a right to express their opinions and their values and beliefs and I don’t necessarily think that a sporting event is a place to do that. Fans are there to watch the event. But I believe in people having the right to express themselves, absolutely.Related: Which Tech Billionaires Donate the Most to Charity? (Infographic)There were a bit more fisticuffs back in the day with hockey. Is it true that players would kick the crap out of each other on the ice, then go grab a beer after the game?Not exactly, but if we’d run into each other, it wasn’t like we held grudges. You know, we had an issue and we took care of it on the ice, over and done.If only everything could be like that simple.I was joking the other day that when I got upset with someone back in the day, I used to get five minutes in the penalty box. Now I’d get handcuffs!Any chance people who go see Comics Come Home will see you do a set?Ha, no I am not going anywhere near a microphone to tell jokes on stage. I think I’m more “witty” than funny. That is something I would never attempt.Finally, do you want to go on the record stating that the New York Rangers are guaranteed to win the Stanley Cup this year?[Laughs] I’m not going to do that either.Tickets for Comics Come Home are available now, click here to purchase.   The only list that measures privately-held company performance across multiple dimensions—not just revenue. Entrepreneur Staffcenter_img 2019 Entrepreneur 360 List October 5, 2017 Dan Bova How NHL Legend Cam Neely Teamed Up with Denis Leary to Kick Cancer’s Ass Editorial Director 6 min read The 23rd year of Comics Come Home promises big laughs for an incredible cause.last_img

Internet Grows to 3518 Million Domain Name Registrations in the First Quarter

first_imgInternet Grows to 351.8 Million Domain Name Registrations in the First Quarter of 2019 PRNewswireMay 31, 2019, 11:55 pmMay 31, 2019 analytical researchDomain Name Industryinternet infrastructureMarketing TechnologyNewstop-level domainsVeriSign Previous ArticleLionbridge Launches Lionbridge AI, Extends Leadership Position in AI Data Training ServicesNext ArticleUK Consumers Call for Harsher Fines, Citing Brands Going Seemingly Unpunished for GDPR-Breaches VeriSign, Inc., a global provider of domain name registry services and internet infrastructure, announced that the first quarter of 2019 closed with 351.8 million domain name registrations across all top-level domains (TLDs), an increase of 3.1 million domain name registrations, or 0.9 percent, compared to the fourth quarter of 2018. Domain name registrations have grown by 18.0 million, or 5.4 percent, year over year.1,2The .com and .net TLDs had a combined total of 154.8 million domain name registrations in the domain name base at the end of the first quarter of 2019, an increase of 1.8 million domain name registrations, or 1.2 percent, compared to the fourth quarter of 2018. The .com and .net TLDs had a combined increase of 6.5 million domain name registrations, or 4.4 percent, year over year. As of March 31, 2019, the .com domain name base totaled 141.0 million domain name registrations, while the .net domain name base totaled 13.8 million domain name registrations.Marketing Technology News: OneTrust Launches Policy and Notice Management Solution to Centrally Manage and Update GDPR and CCPA Privacy Policies & DisclosuresNew .com and .net domain name registrations totaled 9.8 million at the end of the first quarter of 2019, compared to 9.6 million domain name registrations at the end of the first quarter of 2018.Verisign publishes the Domain Name Industry Brief to provide internet users throughout the world with statistical and analytical research and data on the domain name industry.Marketing Technology News: Neustar and JCDecaux North America Partner to Bring Mobile Location Intelligence to Digital and Analog Out-of-Home AdvertisersVerisign, a global provider of domain name registry services and internet infrastructure, enables internet navigation for many of the world’s most recognized domain names. Verisign enables the security, stability, and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. To learn more about what it means to be Powered by VerisignMarketing Technology News: Usabilla Named a Strong Performer in 2019last_img