Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Typhoon Kammuri accelerates, gains strength en route to PH LATEST STORIES Don’t miss out on the latest news and information. K-pop star Jung Joon-young convicted of gang rape, spycam crimes WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding SEA Games in Calabarzon safe, secure – Solcom chief View comments AVC: PH yields to unbeaten Kazakhstan, still moves on to QF UPLB exempted from SEA Games class suspension LETRAN 63 – Quinto 14, Nambatac 12, Balanza 12, Calvo 11, Pascual 5, Vacaro 4, Ambohot 2, Balagasay 2, Caralipio 1, Taladua 0, Bernabe 0.PERPETUAL 61 – Eze 18, Dagangon 10, Ylagan 7, Yuhico 5, Sadiwa 5, Tamayo 5, Coronel 4, Hao 3, Pido 2, Mangalino 2, Singontiko 0, Lucente 0.Quarters: 14-7, 24-19, 39-36, 63-61. Bong Quinto. Photo by Tristan Tamayo/ INQUIRER.netBong Quinto drilled the go-ahead layup in the waning seconds to lift Letran to a thrilling 63-61 win over Perpetual Friday for the Knights’ third straight victory in the NCAA Season 93 men’s basketball tournament at Filoil Flying V Centre in San Juan.The fourth-year forward shrugged off an inadvertent elbow from Prince Eze and scored off an assist from Rey Nambatac to push the Knights up, 63-61, with 12.6 seconds to spare.ADVERTISEMENT LOOK: Venues for 2019 SEA Games Brace for potentially devastating typhoon approaching PH – NDRRMC Eze muffed a hook shot in the ensuing possession, but King Caralipio dove for the leather and forced a jumpball, with the possession arrow awarding the ball to Letran.Quinto, though, committed a huge miscue as he inbounded the ball to Rey Nambatac in the backcourt with 2.6 ticks left which kept the window wide open for the Altas.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutUnfortunately, Gab Dagangon could not gather the ball from GJ Ylagan’s inbound pass as Letran kept its winning streak.Quinto paced the Knights with 14 points, nine rebounds, and three assists, while Nambatac got a huge double-double of 12 markers, 15 boards, and three dimes in the win to pull their side up to 4-3. Read Next For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. “The tempo of the game wasn’t favoring us, but luckily, the boys didn’t give up even though Perpetual was making a rally. Credit to them because they really worked hard to get the win,” said coach Jeff Napa. “They didn’t give up and they showed the character of the team, especially our veterans. They really stood up and led our team.”Jerrick Balanza chimed in 12 points and two rebounds, as JP Calvo got 11 markers, with his biggest bucket coming in the final 1:33 as he drained the game-tying corner three to knot the score at 61 and set up the tight finish.Eze led the skidding Perpetual with 18 points, 16 rebounds, and two blocks, while Dagangon got 10 markers and four boards.The Altas have now lost back-to-back games, sending them sprawling to a 2-4 card.The Scores:ADVERTISEMENT MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games
Kolkata: In a bid to provide a platform for students to perform well in the competitive examinations and gain employment, the Jhargram District Police has launched a new project named ‘Lakhyabhed’.The project that was officially launched on February 1 already has 150 students getting free coaching for preparation of different competitive examinations like West Bengal Civil Services, Public Service Commission, Railways, Staff Selection Commission and others. Also Read – Centuries-old Durga Pujas continue to be hit among revellersThe project, a brainchild of Superintendent of Police, Jhargram, Arijit Sinha, is a holistic approach to help aspiring students achieve their dreams of civil service and ensure employment for them. “Apart from free training we will be providing information of all competitive examinations, their syllabi, assist the candidates in filling up forms and provide logistics arrangement to take candidates to their respective examination centres. All the services will be provided free of cost,” said Kunwar Bhusan, Additional SP (Operations), Jhargram, who is the nodal officer of the project. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaClasses are held thrice a week on Friday, Saturday and Sunday at two separate centres – Binpur police station and Jhargram Raj College. The duration of the training will be six months. The selection of students was done police station wise, through a written screening test that was held on January 15 at two centres in the district. 20 students who had performed very well during the screening, were handed over competitive examination books, bags and other equipment needed for their examination, free of cost. “The entire cost of running the project is being borne from the community policing fund allocated by the state government,” a senior police officer in the district said. The senior police official said that anyone interested to teach or guide the students is welcome in the Lakhyabhed initiative. At present, senior police officials in the district and faculties from various institutions in the district are taking classes on the basis of their specialisation in subjects. “There is no fixed duration of the classes that vary from one hour to three hours, depending on the work schedule of the faculties,” the official added.
Newcastle United have rejected an offer thought to be around £25million from West Ham for defender Jamal Lascelles, according to talkSPORT.West Ham are interested in signing the 24-year-old defender for Newcastle but have had their first offer rejected by the Toon side.The Hammers are currently undergoing a squad overhaul as new boss Manuel Pellegrini looks to improve the quality of his playing squad.West Ham have already completed the signing of Issa Diop, Ryan Fredericks, Lukasz Fabianski and Jack Wilshere.But Pellegrini is keen on adding Lascelles to his squad to improve his defence.Virgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.West Ham are hoping to lure the former Nottingham Forest centre-back to the Olympic Stadium in London but Rafael Benitez is hoping to keep his captain at the club.Newcastle have made their intentions of retaining the services of the English man known and have rejected West Ham’s bid for him.
Manchester United’s Paul Pogba has posted a cryptic message on social media following his team’s 2-1 victory over Leicester on opening night in the Premier League, according to ESPN.Pogba was named captain for the night opened the scoring with a coolly taken penalty as early as the third minute of the game.The 25-year-old performance was praised by club manager Jose Mourinho after featuring for 80mins despite only resuming training on Monday.Pogba posted an image on social media with the caption: “I’ll always give my best for the fans and my teammates regardless of what’s going on.”Solskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.Pogba has been linked with a move to Barcelona and a return to Juventus as reports of a rift between him and Jose Mourinho continues.However, United insists the player isn’t for sale and won’t be entertaining offers for the World Cup winner. The Manchester United hierarchy are hoping that both player and manager to sort out all their differences as they look to challenge rivals Manchester City for the title this season.
Atalanta star midfielder Josip Ilicic has revealed how he had considered in many times of quitting football especially when he was sick and in hospital.Earlier, the Slovenia international spent most of the summer in and out of the hospital as a result of a bacterial infection at his lymph nodes.“As a man, the illness changed me a great deal,” Ilicic told Sky Sport Italia via Football Italia, after Saturday’s 3-0 victory over Parma.Gasperini reveals why he rejected Inter Manuel R. Medina – September 14, 2019 Atalanta manager, Gian Piero Gasperini, has revealed why he rejected Internazionale Milan’s job proposal over the summer transfer window.“I want to thank everyone who stood by me during this difficult time. I look at the world differently now. I thought many times that I might have to give up football, especially when I was in the hospital.“I’m glad that Atalanta are doing well and it’s not about me, but the team. Finally, we’re getting the goals that we deserved to score earlier in the season.”The Atalanta midfielder missed out on the 2010 FIFA World Cup but made his debut for the national side in a friendly match against Australia in August of the same. He scored his first international goal against Cyprus
Jose Mourinho knows all about Mesut Ozil and warned Arsenal manager Unai Emery that unless he finds the “right balance” in his approach then he will likely never get the best out of the GermanThe unsettled star has missed several key games over the last few months at Arsenal, which has prompted talk of a possible exit.Gunners legend Emmanuel Petit has even gone as far as to suggest that Ozil’s lost his motivation after winning everything he set out to do and added that his retirement from international football has likely had a bad impact on him.And things appear to not be improving soon for Ozil at the Emirates Stadium after being left on the bench in Arsenal’s 2-0 win over London rivals Chelsea in the Premier League on Saturday.Now Mourinho, who Ozil starred for at Real Madrid, believes Emery must find a way to not take either a too soft or hard approach when it comes to dealing with the 30-year-old.“Honestly, I don’t know what is going on, if he is having a physical problem or not,’ The Portuguese coach told beIN Sports.Mourinho: “Lionel Messi made me a better coach” Andrew Smyth – September 14, 2019 Jose Mourinho believes the experience of going up against Barcelona superstar Lionel Messi at Real Madrid made him a greater coach.“I know that there was some problem in relation to his contract, he is leaving on a free then he is not leaving on a free. I think finally he signed a contract and decided to stay.“So there is not an issue with contract, so I believe there is something with the physical point of view or there is some confrontation of ideas with Unai. I think the nature of football is exactly this nature.“With me, Ozil played amazingly well but maybe not with Unai. And maybe a certain player that I don’t remember was phenomenal with Unai but doesn’t work as well with me. It’s just the nature of empathy.“I just feel that Ozil is the kind of player that needs both sides of it. By one side, if you are just sweet with him, you lose his natural aggression because he’s not naturally a very strong, physical player in terms of aggression.“If you are too strong with him and forget that he also needs a bit of care, a little bit of love, you don’t find the right balance. So I think it’s about finding the right balance with him.”
Some publishing companies that have been at the top of their categories (or even remain so) are now financially troubled and facing speculation about their fate. One is the residential construction giant Hanley Wood, long considered one of the best-run companies in b-to-b media. Another is Advanstar Communications, which was acquired by Veronis Suhler Stevenson in 2007 for $1.1 billion and is saddled with several hundred million in debt. (Advanstar is no stranger to bankruptcy—it endured the process in the early 1990s.)To be clear, our sources suggested that these companies might be vulnerable to a dramatic restructuring, not necessarily bankruptcy. Hanley Wood CEO Frank Anton said the company is not considering a Chapter 11 filing. Advanstar did not immediately return a request for comment. “That big media companies with a lot of leverage [usually from private-equity related M&A activity] are filing for protection is understandable right now,” said one financial observer. “When you start seeing pure strategic companies filing, that will be the bigger story. This fall should be interesting for the traditional media landscape. Only a few companies, probably, have not breached their covenants.”Clay Hall, CEO of Aspire Media—the sprawling enthusiast publisher based in Loveland, Colorado—said there are some telltale signs for companies that might be in danger. “Companies that are not number-one or number-two in their markets are likely candidates for bankruptcy,” he said. “Companies that continue to operate with the same strategies they had several years ago. Companies with debt rations of higher than four-times EBITDA (earnings before interest, taxes, depreciation and amortization). Companies with greater than 50 percent of revenue coming from advertising.”Leverage is usually the culprit. Even profitability doesn’t matter if the debt ratio is too large. “The companies that are vulnerable are the ones that have a lot of debt and are aggressively leveraged,” said Cam Bishop, founder of Clearview Resource Group, and a former CEO of both Intertec Publishing and Ascend Media. “And that’s the profile of most companies in the last five to eight years. That doesn’t mean they’re unprofitable. Some are extremely so, but covenant breaches that occur are primarily ratios that fall out of the range they’re allowed to be in, given the credit agreement. A publisher may only have one covenant—or several depending on the structure. They can be in compliance on all but one and then they’re in breach. That can force them into Chapter 11 or some kind of restructuring.”Coming Out of BankruptcyFOLIO: spoke with several publishing company operators about the bankruptcy potential within the industry, what publishers need to do to come out of it and the dangers along the way. Filing Chapter 11 filing doesn’t have to be the kiss of death. RDA CEO Mary Berner yesterday told staffers that its voluntary pre-arranged Chapter 11 filing is “the best type of bankruptcy to be in” and is “strictly a balance-sheet issue” with no mass lay-offs or salary cuts planned. The move will reduce Reader’s Digest’s debt from $2.2 billion to $550 million. RDA, which had been a publicly traded company, was acquired by the private-equity firm Ripplewood Holdings for $1.6 billion in 2006 ($2.4 billion if debt assumption is included).But that doesn’t mean it’s a painless process, particularly for the equity holders that get squeezed out and wiped out. The average Chapter 11 process in the U.S. runs for a year and a half and should be considered a last resort. “Once you go into Chapter 11, the courts have the authority to make decisions and you never know what the result will be,” said a publishing executive who wished to remain anonymous. “You go in with something prepackaged and the court could still cut a different deal. One thing to keep in mind is that when a publisher declares bankruptcy, its lenders aren’t collecting debt service. The only people that make out in Chapter 11 are the lawyers. They get paid first.” Chapter 11 also limits investment in a business—which can be fatal at a time when publishers are trying to reinvent themselves. “By the time a company gets to the Chapter 11 stage they’ve probably taken so much out that they’ve done irreparable damage to the brand,” said Harbor Communications president and co-founder (and former Penton president) Dan Ramella. “They probably need operating cash to give their properties a chance to revive themselves. As you continue to cut and trim back, the immediate effect is pretty imperceptible but as time goes on you’ve done so much damage to a brand it’s almost impossible to get it back.” Bankruptcy Not the Only OptionStill, filing for Chapter 11 isn’t the only recourse (and often it’s the threat of Chapter 11 that sends a company looking for alternatives). “Restructuring is an alternative to bankruptcy, but different classes of lenders have different rights when it comes to negotiating a restructuring,” said Canon Communications CEO Charlie McCurdy. “To accomplish one, lenders need to agree to a lower level of debt obligations. Often the threat of bankruptcy is used as a deterrent to bankruptcy in order to expedite an out-of-court restructuring.” Sometimes investors can put more money into the company to bring it back into compliance, but often credit agreements don’t allow that. “The PE guys would like to sell the business, that’s ideal,” said Ramella. “But given the nature of multiples and what’s happened in last couple years, business media is not as attractive to financial buyers as it has been in past. Historically, once they got in the game, they just kept selling to one another. Now the music finally stopped and the guys holding the businesses that are struggling can’t find someone to buy them.” Some private equity owners may just walk away. With Reader’s Digest reducing 75 percent of its debt, that’s basically what Ripplewood is doing. “Bankruptcy is all about not being able to pay creditors, whether it’s suppliers or banks or whatever,” said Ramella. “If one of these companies trips its covenants and the bank comes calling, they’re left with no option. They have to convince investors to put more in play and they don’t like to do that. It’s like people who have upside down mortgages—they just walk away. That’s what PE is doing when they have to go that route.” What Happens Next? While lenders began seeking stricter covenants last year, the industry may now see a return to “covenant-lite” deals that offer the publisher a little breathing room and flexibility to operate. Sales multiples will remain low, even as the “fire sales” so many financial observers were predicting earlier in the year become more common. “There are a lot of pre-backed businesses that aren’t overleveraged or at risk of going under,” said Ramella. “Some may be interested in taking such a business piecemeal, but how many want to try a whole business? That remains to be seen. A lot of companies are loath to sell individual properties over bundles, but the price of entry in publishing is not prohibitive. You do need deep enough pockets to find a good prospect, and if you’re patient, you’ll be a survivor. A lot of companies are struggling to have profit centers and brands that make money. They’re probably throwing cash off but not enough to cover the debt service. That’s where lot of these companies got caught.” With annual revenue of more than $2 billion, the Reader’s Digest Association may be the largest magazine publisher to ever file for bankruptcy. But it probably won’t be the last this year. The private-equity frenzy of the past decade, combined with the unprecedented downturn, has caught up with the industry. So far in recent months, supplier companies including distributor Source Interlink and printer Quebecor World filed for protection, and publishers including the newspaper giant (and owner of Connecticut magazine) Journal Register Co. and Cygnus Business Media have as well. Summit Business Media is said to be in the process of addressing several leverage covenant issues in its bank lending agreement, with sources saying the company has experienced a technical or paperwork default with its covenants rather than payment default issues. The publisher recently closed or sold off several business lines, including its art group and Executive Enterprise Institute.
3:54 10 “The size of a few grains of salt of fentanyl, which is a dangerous opioid, can kill a person very quickly,” Michael Humphries, CBP’s Nogales port director, said during a press conference at the time. “We’ll use all our resources to prevent the entry of dangerous narcotics into the United States — our officers, our technology, our canines and everything we can to throw back at them.”President Donald Trump says a physical border wall is necessary to stop the flow of drugs into the US. But data from CBP paints a different picture, showing that the majority of narcotics make their way into the country through ports of entry. In 2018, for example, 90% of heroin, 88% of cocaine, 87% of methamphetamine and 80% of fentanyl seized by officials was smuggled through legal crossings. At these ports of entry, the government is increasingly relying on X-ray technology to detect such illegal drugs. Contraband seen in X-ray imaging of a cargo shipment. AS&E It’s not just drive-through scanners that agents are using. They also have smaller machines, similar to those that luggage goes through at the airport, and portable handheld X-ray devices that can target specific areas on a vehicle. CBP calls this tech “nonintrusive inspection systems” and says it allows agents to investigate more vehicles faster. Some worry how exposure to the X-rays will affect people’s health as they drive their vehicles through the machines. X-ray radiation is known to cause cancer and contribute to other health risks. The CBP says the machines’ radiation is “low” and that it would take 2,000 exposures to equal one hospital chest X-ray.In all, a CBP spokesman told CNET, the agency has more than 300 drive-through scanners, 3,500 small-scale X-ray machines and 35,000 handheld devices deployed at US ports of entry. In the 2019 federal budget, CBP received an extra $520 million for additional nonintrusive inspection technology at land border ports of entry. “The focus is not just to replace aging systems,” Robert Perez, deputy commissioner of CBP, said before the House Committee on Homeland Security on May 9, “but to transform port operations in order to expertly facilitate legitimate travel and trade, while successfully interdicting deadly fentanyl and other contraband.”The Drug Enforcement Agency, which is tasked with combating drug smuggling, declined to comment on its investigative techniques.Scaling upWhen the driver of the tractor trailer full of cucumbers slowly passed through the X-ray machine, his vehicle was hit from the top and on both sides with a type of imaging called backscatter. The machine then likely showed agents a series of black-and-white images of the truck that highlighted metallic and organic material, such as drugs.That 649 pounds of fentanyl and methamphetamine hidden in the trailer’s false floor probably lit up the images in bright white.CBP has been using drive-through X-ray machines since 2008. The first machine, called a Z Portal, was set up in San Ysidro, California, which is the busiest land port of entry in the Western Hemisphere, according to the federal government. CBP has since put the scanners all along the southwest border. Z Portal’s manufacturer, AS&E, didn’t respond to a request for comment.Viken Detection’s handheld X-ray scanner can penetrate a car’s steel exterior. Viken Detection On an average day, CBP says more than 1 million travelers and $6.3 billion worth of legal cargo cross through the country’s ports of entry. Screening each person and vehicle is nearly impossible, which is why the government has turned to X-ray tech.”CBP consistently seeks advanced and novel solutions to assist officers,” the CBP spokesman said. These new tools help the agency more easily inspect “smaller confined spaces to view inside fuel tanks and small compartments, behind walls of conveyances, and identify false walls in containers.” CBP awarded a $28.8 million contract last October to Viken Detection, which makes a handheld X-ray device called the HBI-120. Like the drive-through machines, these scanners also use backscatter imaging. Local law enforcement agencies and drug task forces have been using these handheld scanners for about a year.Before X-ray imaging, officers would have to rip out door panels and dashboards and search tire wells if they were suspicious of a vehicle. When the large-scale X-ray machines came on the scene, they were powerful enough to see through a vehicle’s thick steel exterior. But it wasn’t until the past couple of years that smaller devices could handle this type of imaging. These officers had a screwdriver or canine unit to try to find stuff, and now they’re literally finding things in minutes. Jim Ryan, CEO of Viken Detection Backscatter X-ray imaging of a vehicle reveals smuggled bottles of alcohol, reportedly hidden to avoid paying duties. AS&E A large tractor trailer filled with cucumbers pulled up to the Nogales border crossing in Arizona in January. The busy port of entry on the US-Mexico border sees more than 1,500 trucks pass through it daily, but something about this specific trailer made local officials suspicious.Rather than waving the truck through, US Customs and Border Protection officers had a trained dog sniff around it and ran the vehicle through a room-size X-ray machine. What they saw in the grainy black-and-white X-ray images was jaw-dropping.It turned out to be the largest stash of the synthetic opioid fentanyl ever seized in CBP history. Underneath those cucumbers, in a false floor in the rear of the trailer, was nearly 254 pounds of fentanyl and 395 pounds of methamphetamine — with a street value of about $4.6 million. Trump wants a border wall. Texas may want a smarter alternative DHS’ X-ray scanners could be cancer risk to border crossers At Texas border, tech can’t keep pace with immigrant influx A high-tech, low-tech game of cat and mouse along the border 22 Photos Comments “It won’t tell you exactly that it’s this type of drug or that type of drug,” Ryan said. But “you’ll be able to see those drugs hidden in parts of vehicles that shouldn’t have lumps of organics in them.”Viken Detection is also developing a drive-through scanner called Osprey. Both the CBP spokesman and Ryan said the government is stepping up large-scale X-ray imaging of vehicles at the border. Ryan likened the increased scanning to when the Transportation Security Administration decided to screen all checked baggage going onto airplanes after 9/11.”Basically the goal is, can we start screening privately owned vehicles crossing the border at a much larger scale than what they’re doing today,” Ryan said. “Now it’s a matter of how do we get the best technology, something that’s future-proof.” Donald Trump Share your voice Related stories Now playing: Watch this: Not all Texans want a border wall Tags Culture Security Politics Roadshow “These officers had a screwdriver or canine unit to try to find stuff, and now they’re literally finding things in minutes that would take them hours before,” Jim Ryan, CEO of Viken Detection, said in an interview. “With our instruments we can basically walk around the vehicle, put our handheld instrument up to it and scan.”When using the HBI-120, officers will see images scroll by that are typically dark. But if they scan over organic material, like a package of drugs or bundle of cash, they’ll see an intense white signal.
Kinsey Wolanski in Champions League final.TwitterAmerican model Kinsey Wolanski shot to fame after she invaded the pitch in a black swimsuit during the Champions League final match between Liverpool and Tottenham. Recently, in the Copa America final between Brazil and Peru she along with her boyfriend had the same plan in mind. But the duo failed this time around as they were arrested by the police at the iconic Maracana stadium in Rio Se Janeiro.The girlfriend of famous YouTuber Vitaly Zdorovetskiy was seen running in a black swimsuit which had the advertisement of a Russian porn pranking website named Vitaly on it in the Champions League final. She was escorted by the security off the pitch and sent to jail.The duo had planned for a similar thing for the Copa America final and they flew to Brazil.On the night of the match, she posted an Instagram story stating the couple was in jail. The caption of the story read, “We failed Copa America…. will post all details tomorrow, currently in jail.”Then the next day morning she again took to her Instagram account posting images of them in disguise and stated, “I’ll admit Copa America you definitely won but we had one hell of an adventure trying.”She also wrote about how did they go to Brazil. They also made it to the stands in disguise but unfortunately were tackled by 20 security guys. The post read,” ‘Flew to Brazil, dressed up in disguise, made it to our seats and it ended in Vitaly’s badass getting tackled by 20 security guards.”The post further read, “We are out of jail and now enjoying our time in Brazil!”Kinsey Wolanski She was brave Historical pic.twitter.com/TrXedB8tEN— Yonas G. ( LIVERPOOL )✌ (@yoninatanim) June 7, 2019Wolanski uploaded a video of the food the couple had after being released from jail.The swimsuit model was quoted as saying by The Sun after the Champions League fame, “By the time I’m 30 I plan on making enough money to retire, and streaking at the Champions League will only help me achieve that. I plan to do a lot more streaking to raise my profile.”She further stated that due to the Champions League incident her number of followers increased from 300,000 to over two million and she was very much happy with the response.But after the failure in the Copa America final she will be looking forward to the Champions League final in 2020.
May 31, 2016 480 Views in Headlines, News There are “hot” and “cold” housing markets spread out all over the country as each market has recovered at its own pace. The gap between hot and cold housing communities in some cases exists within the same core-based statistical area (CBSA), according to Pro Teck Valuation Services’ latest Home Value Forecast.One extreme case is the Nassau County-Suffolk County, New York CBSA, which ranks seventh overall in CBSAs for May and the data generally indicates a seller’s market for housing. For example, sales are up 11 percent, active listings are down 44 percent, and months of remaining inventory (MRI) is down almost 50 percent. Another indicator of a seller’s market in Nassau-Suffolk is a 55 percent drop in the number of active days on the market, down to 41.Within the Nassau-Suffolk CBSA, the community of Roslyn stands out as a hot market with an average house price of just below $1.2 million—an all-time high for that area. However, in Island Park, less than 20 miles from Roslyn, home prices average around $288,000 after peaking at $500,000 in 2006.“At Home Value Forecast we like to say that all real estate trends are local, and what’s happening in one community doesn’t translate to the next,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “This is very true in Long Island, where the differences between wealthy communities and the rest is significant.”Top 10 CBSAs this month include:Boise City, IDPortland-Vancouver-Hillsboro, OR-WASacramento-Roseville-Arden-Arcade, CASeattle-Bellevue-Everett, WAStockton-Lodi, CALos Angeles-Long Beach-Glendale, CANassau County-Suffolk County, NYPortland-South Portland, MERiverside-San Bernardino-Ontario, CAOakland-Hayward-Berkeley, CABottom 10 CBSAs this month include:Midland, TXBillings, MTVirginia Beach-Norfolk-Newport News, VA-NCRacine, WIRockford, ILAtlantic City-Hammonton, NJGary, INJackson, MIJacksonville, NCMadison, WIAveraging CBSAs often do not show the entire real estate picture, according to Pro Teck. In many cases, such as that in Nassau-Suffolk, real estate markets within the CBSA have “recovered” or “rebounded,” while in others they are still struggling.“Of the 143 ZIP codes we track in the Nassau-Suffolk CBSA, only 28 communities, 19.6 percent of the total, have exceeded pre-crash home price highs,” said O’Grady. “As the recovery continues, we look for that number to increase.”Click here to view the entire Pro Teck Home Valuation Forecast for May. ‘Housing Gap’ is Widening Within Some Metros Home Value Forecast Housing Markets Real Estate Markets 2016-05-31 Seth Welborn Share
Legislator: Schools shouldn’t have to choose between safety and funding State Rep. Michele Hoitenga, of Manton, is working on a policy fix for the current snow day issue affecting schools across Michigan.Current law requires schools to hold 180 school days and 1,098 classroom hours each year to receive state funding. Hoitenga’s proposal would allow schools to choose between the two, rather than mandating they meet both requirements.“This gives school districts more autonomy in dealing with harsh winters like we’ve faced this year,” Hoitenga said. “Schools should never be put in a situation where they must sacrifice the safety of their students to ensure funding from the state.”The representative spoke with superintendents throughout the district to weigh every option; this plan being one of them.Hoitenga said she would like to see a change like this be retroactive to ensure schools maintain current funding for the 2018-19 school year.Questions about this issue may be addressed to Hoitenga’s Capitol office at (517) 373-1747 or MicheleHoitenga@House.MI.gov. 13Feb Rep. Hoitenga working on school snow day issue Categories: Hoitenga News
Editor’s note: Today, we have something special for you. Instead of our usual market commentary, we have a brand-new interview with E.B. Tucker, editor of The Casey Report. As you may know, E.B. sees tough times ahead for the U.S. economy and stock market. To prepare, E.B. has encouraged his readers to hold extra cash, own physical gold, and only invest in stocks that can weather the coming storm. He’s also shorting some of America’s most vulnerable companies. Shorting is betting that a stock will fall. If it does, you make money. It sounds easy. But most investors have never shorted a stock in their life. They think it’s something only the “pros” do. Today, we put that myth to rest. Below, E.B. explains how to short stocks…what he looks for in a short…and how to avoid mistakes most investors make when shorting stocks. We’ll even reveal a stock E.B. is shorting right now. Casey Report readers have already made 18% on this short…but we think much bigger gains are on the way. Justin Spittler, editor, Casey Daily Dispatch: E.B., can you explain how shorting works? E.B. Tucker: The first step is to get a margin account. [A margin account allows you to borrow money to buy stocks.] After that, it’s fairly simple. Let’s say you want to short one share of tech giant IBM. To do this, you would actually have to borrow one share from your broker. You would then sell that share on the marketplace. If IBM is trading for $100, then $100 will land in your account when you sell it. Now, let’s say IBM’s stock falls to $90. You decide to pocket this 10% gain. To close this trade, you would buy back one share of IBM [buy to cover] and return it to your broker. You keep the $10 profit. JS: Easy enough. Why should investors short stocks? E.B.: Shorting can protect you from market declines. If stocks crash, the payoff can be huge. If they don’t, you only lost the cost of being protected. It’s like buying insurance. JS: A lot of investors think shorting is a “sophisticated” strategy. Is that true? E.B.: Shorting isn’t just for sophisticated traders. Anyone can do it. But you better have a strategy… Let’s say you own 10 stocks. If this were my portfolio today, I’d have seven “longs” and three “shorts.” [A long position is a bet that a stock will rise.] Right now in The Casey Report, we’re long world-class companies that can make money no matter what happens to the economy. On the short side, we’re betting against stocks that will get clobbered during a market correction. [More on those stocks in a second…] Having essentially 30% of the portfolio dedicated to shorts means we’re looking for the market to decline right now. JS: What are common mistakes investors make when shorting stocks? E.B.: Most investors don’t think to buy insurance until it’s too late. By then, they’ve already lost a lot of money. It’s also “expensive” to short stocks when everything is falling. It’s like trying to buy flood insurance for your beach house when a hurricane is about to make landfall. Sure, someone might sell you insurance, but you’re going to pay a fortune for it. Today: Claim One FREE YEAR of Chris Mayer’s Brand-New Research Service Chris Mayer is one of the most successful analysts in the Agora network. Agora founder Bill Bonner himself has committed $5 million from his family trust to investing in Chris’ ideas in one of his premier research services. And today you have the chance to claim one of the best deals ever offered on Chris Mayer’s highest-level research. You get a big charter membership discount and two years for the price of one when you decide to try his newest research service 100% risk-free. That’s $5,000 worth of premium research for free. WARNING: offer expires soon. Click here for details. — – As the economy worsens, unemployment is going to tick higher. More and more of Signet’s customers will fall behind on their payments. Eventually, Signet could have to slash prices to move its inventory, meaning it could make less money on every wedding ring it sells. Signet’s business could completely derail. In a way, this is already happening. From 2014 to 2016, Signet’s annual bad debt expenses rose from $138 million to $190 million. That’s a 30% increase. Over the same period, credit sales grew by only 20%. That means bad debt expenses rose 50% faster than credit sales. Signet’s stock is already down 18% since we shorted it in June. But it could go much lower if the economy hits a soft spot like I expect. We’re also shorting a major airline in The Casey Report. This stock could plunge 50% or more before all is said and done. And we’re shorting a major health insurance company that could unravel as the Obamacare boondoggle implodes. These shorts should hand Casey Report readers huge gains if the market tanks. We will then use this cash to go shopping when everyone else is stunned and confused. Editor’s note: As you may remember, U.S. stocks began the year on a rough note. The S&P 500 plunged 11% over the first six weeks before recovering. According to E.B., the brief downturn was “only a warning.” In this short presentation, E.B. talks about a major financial crisis on the horizon. As you’ll see, this coming crisis has already quietly begun in an “overlooked” part of the global financial system. The good news is that you can still prepare. At the end of this video, you’ll learn how to access E.B.’s top ideas (including his three shorts). Click here to learn more. JS: So, when is it a good time to short stocks? E.B.: I like to short stocks when the market is red hot. When stocks are up big, investors become less disciplined. They overlook problems that would normally scare them away. The higher stocks climb, the more investors throw caution to the wind. After all, it’s human nature to think the good times will never end. Eventually, companies can’t live up to the market’s unrealistic expectations. You see, the stock market “prices in” the future, meaning the price of a stock reflects how much money investors think a company will make tomorrow, next quarter, or next year. Sooner or later, some companies will disappoint investors. When that happens, look out below. JS: So you like to short expensive stocks? E.B.: It’s not that simple. You see, a lot of investors get carried away shorting. They’ll look for the next high-flyer and try to call its top. That can be dangerous. Shorting a stock because it’s “overvalued” is very difficult. Just look at Amazon (AMZN). It trades at more than 140 times future earnings. That’s off the charts. But the stock made a new high today. Amazon’s been expensive for years, and all it’s done is keep rising. That’s because it’s one of the most dominant companies on the planet. In other words, you shouldn’t short a stock just because it’s expensive. After nearly two decades of active investing, I’ve learned to avoid that strategy completely. I like to short companies that are dependent on a certain customer or economic situation that I expect to change. If my assumptions about changing economics are right, a company’s valuation today might be irrational and set to decline sharply. JS: The U.S. stock market looks very fragile right now. Is now a good time to short stocks? E.B.: Stocks have been rising for almost eight years. Corporate profits have been falling since 2014. And many key economic indicators, like the Purchasing Managers’ Index, are flashing warning signs. So, yes. It’s a good time to short. Surprisingly, most investors are still fully committed to stocks. They haven’t set aside enough cash. And they certainly aren’t shorting many stocks. If stocks start falling, these folks could take heavy losses. But since we have three open short positions, Casey Report readers should make money no matter what direction the market heads. JS: Can you tell us about a stock you’re shorting right now? E.B: One company we’re shorting is Signet Jewelers Ltd. (SIG). The stock hit a 52-week low yesterday. Signet is one of America’s biggest jewelry store chains. It owns jewelry brands you’ve seen at your local mall, like Zales, Jared, and Kay. These might be household names, but don’t confuse Signet with Tiffany & Co (TIF), which caters to a higher-end customer who often pays with cash. Signet serves the average American, and more than half of its customers buy on credit. That could turn into a big problem. Recommended Links A Decade in the Making: Hidden Profit Code Revealed In 2006, a prominent Wall Street financier handed me this 111-year-old document — a financial “timetable” that has predicted every major boom and bust of the last century with uncanny accuracy. I can’t thank him enough… because by using this powerful calendar, I had the opportunity to turn a small investment into over $1.2 million. The shocking details are right here.
The petrodollar system is the reason foreign countries keep such large US dollar reserves. Now China is set to hit the petrodollar with a mortal blow… Why the US Dollar Is So Special The petrodollar system is the big reason the US dollar is so unique. Here’s how it works… Oil is by far the largest and most strategic commodity market in the world. And, until recently, virtually anyone who wanted to import oil needed US dollars to pay for it. Every country needs oil. And if foreign countries need US dollars to buy oil, they have a very compelling reason to hold large dollar reserves. This creates a huge artificial market for US dollars. It also gives a tremendous boost to anyone who lives in the US or holds US dollars. Nick Giambruno and Ron Paul A new technology is about to put big pharma out of business… And an FDA anomaly this December could be the catalyst that brings this new biotech to the forefront. For a limited time, you can watch our brief video presentation, The Biggest Medical Breakthrough Since Antibiotics. Click here to see the best way to play this medical breakthrough. China Wants Pricing Power One of China’s key goals here is to reduce the dollar’s influence over oil pricing. China is the world’s largest oil importer. Developing the new crude contract gives it some global pricing power. Currently, most of the $1.7 trillion worth of oil traded each year is priced off of two US dollar-denominated crude benchmarks: West Texas Intermediate (WTI) and Brent. Beijing thinks the yuan crude contract will reflect the market conditions in Asia better. It could become the most important oil benchmark in Asia. The vice-chairman of the China Securities Regulatory Commission recently said: The country will make crude oil futures the new starting point of opening up all futures markets… And then, we will allow foreign players, whose enthusiasm is very high at present, to enter other futures markets, such as iron ore and PTA, when conditions are ripe. In other words, oil is just the beginning. Eventually, China plans to challenge the dollar’s dominance over all commodities. 4%, it would need over $1.2 trillion, or over half of what it currently snatches from taxpayers—again, just to pay the interest. 2%, it would need over $800 billion. Why Medium Sour Crude? The INE crude futures will be priced in yuan per barrel and be for 1,000 barrels. Brent and WTI futures contracts are for light, sweet crude. “Light” means it has relatively low density, and “sweet” means it has a low sulfur content. The INE contract, on the other hand, will be for medium sour crude. There are a handful of reasons for this: Silicon Valley Rocket Scientist Declares: An anomaly at the FDA could launch a new biotech industry 35,000% starting December 19 Clearly, none of this is sustainable. Trump was correct last year when he noted: “What happens if that interest rate goes up 2, 3, 4 points? We don’t have a country.” In many ways, this could turn into President Trump’s financial 9/11. The petrodollar system has allowed the US government and many Americans to live way beyond their means for decades. The US takes this unique position for granted. But it will disappear once the petrodollar system breaks down. When that happens, inflation could be severe. This will likely be the tipping point… Afterward, the US government will be desperate enough to implement capital controls, people controls, nationalization of retirement savings, and other forms of wealth confiscation. I urge you to prepare for the economic and sociopolitical fallout while you still can. Expect bigger government, less freedom, shrinking prosperity… and possibly worse. It’s probably not going to happen tomorrow. But it’s clear where this trend is headed. It is very possible that one day soon, Americans will wake up to a new reality. Until next time, Nick Giambruno Editor, Crisis Investing P.S. I started to see the pieces falling into place late last year. That’s why I told readers the death of the petrodollar would be the No. 1 black swan event of 2017. Eventually, I think people will look back and see China’s Golden Alternative as the catalyst that made it happen. We recently released a video that shows how it could all go down… Click here to watch it now. Reader MailbagToday, one reader’s skepticism of the crypto mania… It is understood there is a real chance of cyber warfare in the future where all internet, and possibly all computer activities, might be affected (in which case, only older VW beetles might continue to work because they have no computer components). If this is the case, then cryptocurrencies, whether government currency or otherwise, would be frozen, along with credit and bank cards. This means, of course, that only physical currency such as precious metals would be an acceptable transaction medium—real money! Yours truly, astounded at the crypto mania.—Vern We’d love to hear from you. If you have a question or comment on the Dispatch, you can send it to us right here. Medium sour crude oil accounts for over 40% of global crude output, but there is currently no price benchmark for it. The first major “win” for the Trump Presidency The mainstream press hasn’t written a word about HR 835… But Congress’s new bill has already helped send one little-known market soaring 1,025%… And according to a Goldman Sachs insider, prices could rocket 4,900% higher in the months ahead. There’s still time for you to get in – if you act before Trump signs HR 835 into law (no later than December 31). “There is a wall of money coming,” says one hedge fund manager, “and we’ll see an explosion in prices.” Click here for the full story. Bottom line, it will allow oil producers to sell oil for gold. Producers will be able to completely bypass the petrodollar system and any restrictions/regulations/sanctions of the US financial system. I recently spoke with the officials at the exchange. They told me they plan to go live with the INE crude contract before the end of the year. Immediately convert the yuan they receive from selling oil into physical gold at the spot price for immediate delivery. Recommended Link Or, lock in the gold to be delivered at a future date for a fixed yuan price with a gold futures contract. This eliminates any uncertainty because of fluctuating prices. — Recommended Link China recently announced a mechanism that will make it possible to trade oil for gold on a large scale for the first time in many decades. This mechanism could undermine the petrodollar system—the system that’s supported the US dollar as the top global currency since the 1970s. I call it China’s “Golden Alternative” to the petrodollar. PetroChina and Sinopec, two giant Chinese oil companies, will provide liquidity to the new yuan crude futures. But non-Chinese companies will be welcome, too. The crude yuan future will be China’s first commodities futures contract open to foreign investors. JPMorgan and UBS have already gained approval to trade. So have over 6,000 individual traders. It’s just a matter of time before the other big global players join. Remember the big idea here… the new yuan crude futures contracts will be a huge hit to the petrodollar. And it’s going to make a lot of money flood into gold—money that would have otherwise gone into the US dollar and US Treasuries. “We Don’t Have a Country” The breakdown of the petrodollar will cause a financial crisis. Here’s how things will unravel… The petrodollar system is one of the most powerful forces driving the US bond market. Oil-producing countries accumulate hundreds of billions of US dollars in oil profits, which they recycle back into US Treasuries. This keeps interest rates lower than they would be otherwise. It allows the US government to finance enormous deficits with debt at an artificially low cost. If the petrodollar system unravels, interest rates will soar. (Interest rates are currently near historic lows.) Even a small rate increase is a lethal threat to the US budget. The US government currently needs over $400 billion from taxpayers just to pay the interest on its debt. Tax receipts are just over $2 trillion. If interest rates rise… Justin’s note: Today, I’m sharing an urgent essay from Crisis Investing editor Nick Giambruno. Below, Nick discusses what will undermine our current petrodollar system—and why now is the time to prepare before it’s too late… By Nick Giambruno, editor, Crisis Investing Ron Paul told me this would happen… Dr. Paul first laid out his theory in 2006, in a little-known speech, during an otherwise dull session of Congress. I think it’s his most important speech ever. During the speech, Paul traced the history of the US dollar within the international financial system. Crucially, he pointed out the one thing that would precipitate the US dollar’s collapse. Now that one thing is about to happen. Here’s the most important part (emphasis mine): The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better. In other words, we’ll know the dollar-centric monetary system is about to end when countries start trading oil for gold or its equivalent… not dollars. Now—thanks to China—that’s about to happen in a very big way. China’s Golden Alternative to the Petrodollar Throughout history, every great power has had money that’s recognized around the world. Usually, these currencies have been tied to gold and silver. Ancient Greece had the silver drachma. Rome had the silver denarius. The Islamic Caliphates had the gold dinar and the silver dirham. Venice had the gold ducat. Great Britain had the gold sovereign. The United States used silver in its coins until 1964. And the dollar was under a pseudo-gold standard until 1971. Now it’s China’s turn. It’s no secret that China has been stashing away as much gold as it can. Today, China is the world’s largest producer and buyer of gold. According to informed observers, China now has official reserves of over 160 million ounces. It also has 400 million ounces in the ground that it could potentially mine. (The US, by contrast, claims it has official reserves of around 260 million ounces.) China’s Golden Alternative is the reason it’s been stashing so much gold. The Golden Alternative will allow anyone in the world to trade oil for gold. It will totally bypass the US dollar and the US financial system. For many, it will be much more attractive than the petrodollar system. The Golden Alternative is the beginning of the end of the international monetary system that has reigned since the early 1970s. Here’s how it will work… The Shanghai International Energy Exchange (INE) is about to launch a crude oil futures contract denominated in Chinese yuan. It will allow oil producers to sell their oil for yuan. Of course, most oil producers don’t want a large reserve of yuan. China knows this. That’s why China has explicitly linked the crude futures contract with the ability to convert yuan into physical gold through gold exchanges in Shanghai (the world’s largest physical gold market) and Hong Kong. The system won’t touch China’s official gold reserves. Oil producers will have two ways to do this: Medium sour crude is the main type of oil China and its neighboring countries import. 3%, it would need $1 trillion. I discussed all of this with Ron Paul extensively at a past Casey Research conference. He told me he stands by his assessment. — The supply/demand dynamics of medium sour are not the same as light sweet crude. 1%, the government would need over $600 billion to pay the interest on its debt.
According to a joint statement, the organizations will open a second campus in the North Carolina city. Charlotte is one the largest in the country without a top-ranked medical school.There are also plans to expand patient-centered research and innovation through the partnership.In an email to the Wake Forest community Wednesday, President Nathan Hatch wrote, “By strengthening and expanding medical education, we will open many doors for future health care leaders and also play a leading national role in medical research.”Dr. Julie Ann Freischlag is CEO of Wake Forest Baptist Health and Dean of Wake Forest School of Medicine. She says Winston-Salem will benefit from the partnership.“Atrium also is interested in placing companies and people in our Innovation Quarter,” she says. “So we actually think there will be more businesses, more jobs, more things going on in Winston-Salem with them joining us. So, if anything, we’re going to grow here, be the hub, and the medical school in Charlotte will be a branch of our school.”There are still many unknowns and a lot of details to be worked out. The three entities are entering into negotiations with the goal of finalizing a formal agreement later this year.Atrium Health currently serves nearly 14 million patients each year. Wake Forest Baptist Health serves 2.2 million. Wake Forest Baptist Health, Wake Forest University and Atrium Health announced plans to create a medical school in Charlotte. It will be part of what officials are calling a new academic healthcare system.
A disabled campaigner has described how he was “knocked for six” after learning that he had been recognised with an MBE in the Queen’s birthday honours.Shaun Webster becomes one of a select group of people with learning difficulties who have been recognised with such an honour.Among his achievements are his work with the human rights organisations Change, including a project working with children and young people with learning difficulties in eastern Europe as the long-stay institutions they had been living in were closed down.He said: “I was teaching them how to speak up for themselves, to believe in themselves, how to talk to other people, to be confident.“I gave them confidence and belief in themselves to train to be a professional like me. Every time I came over and trained them, they got more confidence.”Webster also co-authored a book, Leaving Institutions. Voices for Change – published by Change, Enable Housing Association and the children’s charity Lumos – which aimed to help social workers involved in the de-institutionalisation process.He said he hoped that his MBE would “open doors” for him, and help other people with learning difficulties secure a “proper paid job, with proper respect, and be treated equal like we do at Change, not tokenistic”.One of his proudest moments, he said, was speaking at a conference in Austria earlier this year, and being told by a Bulgarian woman with learning difficulties: “I want to be a role model like you.”He said: “People tell me I speak from my heart and I do. I am passionate about giving people and children with learning disabilities a real voice.“Giving someone with learning disabilities an award from the government will make a big difference to adults and children with learning disabilities.“They will think, ‘If he can get an MBE and he is making a difference, why can’t I?’”He added: “I just couldn’t believe it, it knocked me for six. I felt really happy. I felt very proud.”He said he believed he was awarded the MBE because he was a “hard worker”.He said: “I am very passionate about what I believe in, because I work nationally and internationally, because I am a role model.“I give people with learning disabilities a real voice and confidence and belief in themselves because they see what I can do.”Helen Dolphin (pictured), director of policy and campaigns for Disabled Motoring UK, was another disabled campaigner to receive an MBE.She has campaigned for more than 10 years to improve the blue badge parking scheme, and on other motoring and mobility issues for disabled people.She said: “Maybe people have realised I have had quite a big impact in how disabled people can park. I hope that’s what it’s for.”She has also been a member of the government’s advisory body, the Disabled Persons Transport Advisory Committee, and has volunteered for many years for the charity Meningitis Now, speaking to and visiting other people who have lost limbs through meningitis.Dolphin is also studying for a law degree, and is one of the fastest swimmers in the country in her S5 category.She said she was delighted and surprised by the MBE, but she added: “To a degree as well, life is really difficult for me and it would be easy not to work and it would be easy not to get up at five o’clock in the morning.“I can’t get up quickly, I’ve got to have the carers come in. I have to be home at a certain time.“Life is considerably harder and I don’t think people know what I have even gone through before I have got to the office that day sometimes.”She pointed to the more than six per cent of people recognised in this year’s birthday honours who said they were disabled people, which she said was “on the up, and that too is a good thing”.Another disabled person to be recognised was Paralympian Jordanne Whiley, who said she had to read the letter informing her of her MBE five times before it sunk in.The wheelchair-tennis star said: “I didn’t understand at first what it was and then I was like, ‘Surely not me! It’s the wrong person!’ When it sank in, it was an amazing feeling.”Whiley said she hoped to use her MBE to raise her profile, with the long-term aim of setting up her own charity after she retires from sport.She said: “I want to get my status as high as I possibly can so that I can influence other people to play sport, and be a role model to young children, especially [girls and] women.“I have had a lot of fan mail from children with the same disability as me, saying that I am their idol and because of me they are now playing sport. It is such an amazing feeling to have helped just a few people.”Whiley said she liked to take a one-to-one approach with many of the fans who contact her, often calling them or meeting up with them when she is at home.She said: “I just like it when it’s one-to-one. You can make such a difference in one person’s life if you take one hour out of your day to make them see the person you really are.”The tennis star, who has now won five Grand Slam doubles titles, will be competing in the women’s wheelchair doubles at Wimbledon from 10 to 12 July, with her focus also on next year’s Paralympic Games in Rio.She said that the MBE had “relit a spark” with her training and confidence, and that she was “feeling really good going into Wimbledon”.Other disabled people recognised in the birthday honours include Lorraine Mercer, for services to the community and to charity in Haywards Heath, West Sussex, who said she was “very honoured and excited” by her MBE.She has been a volunteer at The Princess Royal Hospital in Haywards Heath for 18 years, and visits patients on the rehabilitation wards, who are often “coming to terms with losing their mobility and having to use a wheelchair, so I can understand what that is like”. She said: “I like to think that me going in and chatting and having time to spend with people helps them to stay positive.”A former patient who wrote a reference for her described how he had been lying in bed feeling depressed after a stroke, when Mercer arrived in her electric wheelchair with “a very positive attitude – so positive that it was infectious; so infectious that I caught it, and having caught it from then on I began to fight”.Another disabled campaigner awarded an MBE was Mikey Argy, a member of the Thalidomide Trust’s National Advisory Council, who was recognised for services to thalidomide survivors.About 70 recipients of awards in the Queen’s birthday honours considered themselves to be disabled under the Equality Act 2010, about one in 16 of all successful candidates.
As your company grows and you add employees, computers, and an office to house them, you’ll need a network to connect everyone to each other and to the Internet. But at this point maybe your startup crew uses a collection of Macs and PCs, with the graphics people favoring OS X, the software developers relying on the tools that come with Linux, and everybody else preferring Windows. Fortunately, these three operating systems can communicate and coexist on a single network. By using suitable off-the-shelf networking equipment and the various operating systems’ built-in tools, you can connect your heterogeneous hardware to the universe in short order.First, There Was EthernetYour first question when setting up an office network may be “Wired or wireless?” Unless you have serious security constraints, the answer should be “Both.” Wireless networks are more convenient, allowing untethered laptop users to work anywhere in the office. Wired connections are the better choice for stationary PCs and printers because they’re faster, more secure, and easier to configure–and they leave maximum wireless bandwidth for your free-range connections to use.Before you run out and buy the first $99 wireless router you see, however, take a moment to assess your specific networking needs and your office’s topology. First, is network wiring already in place? If so, does it go to the places where you want to connect computers and other networked devices, such as printers?Ethernet cables are fairly inexpensive. To create an uncluttered, professional-looking environment, however, you may want to have an electrician install ethernet cabling in the walls before you move into a new office space. But even if your budget is too tight for electricians and interior designers, it makes sense to draw a plan showing where your connected and wireless devices will be.All of that wiring has to end up somewhere–and often the destination turns out to be a closet, where the cables plug into an ethernet router. The router does a number of important jobs: providing computers on your network with a private, local IP address (required to communicate with each other); coordinating connections between those private addresses and servers on the Internet; and blocking unwanted incoming and outgoing connections with a firewall. The router may also incorporate a wireless access point.If your Internet connection enters the premises in the same closet, so much the better. And if your business is small–say, five people or so–you may be able to get by with a cheap wireless router after all (for likely candidates, see our most recent roundup of wireless routers). Most routers incorporate a wired ethernet hub with three to five connections, and a few offer eight ports–the more the better, for a growing business.If you need additional wired connections, you’ll have to purchase an additional ethernet switch that you can set up between the router and the clients to increase the number of available ports. Most routers can assign addresses to up to 254 devices (wireless and wired), though some of them top out at 20 or so wireless clients.Still, even the fastest wireless routers may show signs of bogging down when hosting ten or more active users, depending on the bandwidth demands of each. Alternatively, you can opt for a wired router (with lots of ports, of course) and a separate wireless access point that connects to it. Walls, masonry, metal cabinets, and other structures can interfere with the radio signal used by wireless ethernet, so a wired router plus wireless access point is a good option if your network wiring hub is fairly distant from your wireless workers.For optimum performance, position your wireless router or access point as close as possible to the wireless work areas. Upgrading to the latest wireless technology–the draft 802.11n specification–can significantly speed up your wireless connections as well. Sometimes draft or nonstandard wireless technology delivers its best results when you purchase the router or access point and the wireless client hardware from the same manufacturer. Read the manual before installing a router, and be sure to heed its urgent warning to change the router’s default password before connecting it to the Internet.Hooking Up PrintersOne great reason to network your business PCs is to share printers. Printers that connect directly to the network via ethernet constitute one of the most brilliant innovations ever. Simply plug a printer in and turn it on, and soon it is available to every computer on the network.To find and install a network printer in Windows, go to Control Panel, open Printers and Faxes (just plain Printers in Vista), click Add a printer, and use the network printer option in the resulting dialog box to browse for the printer on the network. Windows Vista will detect and install a driver for it, if one is available online; Windows XP offers a list of available drivers. Network printers may not show up in Windows XP if your Workgroup name differs from the one that the printer belongs to (often, ‘WORKGROUP’). To locate the printer, temporarily join its workgroup (click Change in the Computer Name tab of Control Panel’s System Properties) before browsing for the printer. In general, it is much easier to share resources between computers if all of them are configured with the same Workgroup name.To find and install a printer in OS X 10.5, open System Preferences, choose Print and Fax, click the lock icon to allow changes, then click the plus sign to add a printer. If your printer doesn’t appear in the Default list of printers, you may find it listed under the Windows category, which allows you to select printers shared on any local Windows Workgroup. Select the printer and click Add. To install a printer in Ubuntu Linux (the popular distribution we use as an example in this article), choose System.Administration.Printing, click New Printer, select the printer in the resulting list, and click Forward to select the correct driver and install the printer.The wonderfulness of networked printers notwithstanding, you may want to share a printer that’s connected directly to a PC with other computers on the network. To share a printer in Windows, first enable file and printer sharing. In Windows XP, open Network Connections in Control Panel, right-click your active network connection and choose Properties, check File and Printer Sharing for Microsoft Networks in the ‘This connection uses…’ list, and click OK. In Windows Vista, open the Network and Sharing Center in Control Panel, expand the Printer sharing section, select Turn on printer sharing, and click Apply. While you’re there, enable Network discovery and File sharing if you want to share your files with other users on the network. Next, in the Printers and Faxes dialog box, right-click the printer you want to share, select Share this printer, enter a name in the ‘Share name’ field, and click OK.In OS X, select the printer from the list of printers in Systems Preferences’ Print and Fax page, and check Share this printer. Although Ubuntu can share its printers with other systems–and browse Windows printers by default–it can’t share its own printers as Windows shares until you install the Samba utility, which emulates Windows’ Server Message Block (SMB) file-sharing and printer-sharing protocol.The fastest way to install and configure Samba in Ubuntu is via command-line tools. Nonexperts can install the program graphically, however: Choose System.Administration.Synaptic Package Manager to open Ubuntu’s software installation interface; then click Search, enter Samba, and click Search.Scroll through the resulting list, select the entry that reads simply Samba, and check it. Synaptic package manager will select the other necessary packages. To install the software, click Apply. For details on configuring Samba, start with the official guide.Share Your FilesLike printers, storage can be much more useful when it’s networked. In the past, sharing files meant dedicating an entire computer to the job. Now, Network Attached Storage (NAS) devices–often no larger than an external hard drive–provide always-available disk space to anyone on the network via the lingua franca of file sharing, the SMB protocol.To connect to an SMB share from Windows–whether on a NAS device or on another computer sharing it via SMB–open My Network Places, and browse the shares available on the current workgroup. As with printers, Windows XP will show only the shares available on the workgroup you are a member of. To view files shared on the local network via SMB in OS X, browse them in the Finder; available servers are listed under ‘Shared’ in the window’s left-hand pane, or choose Go.Network in the menu. In Ubuntu, choose Places.Network.As with printer sharing, not all storage is attached directly to the network. OS X, Windows (Vista and XP), and Linux all allow you to share files stored on your computer with other users on the network, as well as to browse file shares on other PCs. To share files in Windows, first enable file and printer sharing (as detailed above). In Windows XP, browse to the folder you want to share, right-click it, choose Sharing and Security, and check Share this folder on the network. If you want other users to be able to edit, delete, and create new files in the shared folder, check Allow network users to change my files. Click on OK to finish.By default, Windows Vista requires users to provide a log-in name and a password before they can gain access to its file shares. If you’d like to share files with anyone on the network without having to create a user account and a password for each person, set Password protected sharing to Off in the Network and Sharing Center before you attempt to share files or folders. To share a file or folder in Windows Vista, right-click it, choose Share, select Everyone (all users in this list) from the list of users and groups available to share with, click Add, and then click OK.To share files in OS X, open System Preferences, click Sharing, check File Sharing, click Options, select the shared home folders (if any) that you want to share via SMB (public folders are shared by default), check Share files and folders using SMB, enter the account password for any checked home folder when prompted, and click Done. To share a folder with everyone on the network in Ubuntu, select the folder in File Browser, choose File.Properties, select the Share tab, check Share this folder and Guest access, andclick Create Share.After following all of these steps, you should have your company’s network up and running. Now your employees can focus on advancing your business to the next level.Scott Spanbauer is a Contributing Editor for PC World. Your business–and the computers that power it–may have started with an idea that popped into your head while you sat in front of your laptop, freeloading off of the local coffee shop’s wireless network. But you can’t work out of the Java Hut forever. Add to Queue November 25, 2008 Next Article Technology Scott Spanbauer Brought to you by PCWorld 10 min read How to Set Up a Cross-Platform Network Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals –shares Register Now »
Related StoriesHIV persists in spinal fluid even after long-term treatment and is linked to cognitive deficitsHIV DNA persists in spinal fluid despite treatment, linked to cognitive impairmentScripps CHAVD wins $129 million NIH grant to advance new HIV vaccine approachAvailable antiretroviral drugs significantly prolong life expectancy in people living with HIV. However, the virus can escape host defenses and drug treatment by establishing a reversibly silent infection in immune cells that produce a protein called CD4 (i.e., CD4+ T cells). This latent infection, which is characterized by inactivated HIV transcription, represents the major barrier to a cure. While much of the research to date has highlighted the importance of CD4+ T cells in the blood as reservoirs for latent HIV, it is becoming increasingly apparent that the gut may play an integral role as a major tissue reservoir for the virus. To compare the mechanisms that inhibit HIV transcription in the gut and blood, Yukl and his colleagues quantified HIV transcripts in cells from the blood and rectum of HIV-infected individuals effectively treated with antiretroviral drugs.The researchers found that different mechanisms block HIV transcription and underlie HIV latency in CD4+ T cells in the blood and gut. Moreover, the findings suggest that the rectum may be enriched for latently infected cells, or cells in a deeper state of latency. These differences in the blocks to HIV transcription are important to consider in designing therapies that aim to disrupt HIV latency in all tissue compartments. In particular, infected cells in the rectum may be less susceptible to agents designed to reverse latency or may require different types of therapies. Scanning electron micrograph of HIV-1 budding (in green) from cultured lymphocyte. This image has been colored to highlight important features; see PHIL 1197 for original black and white view of this image. Multiple round bumps on cell surface represent sites of assembly and budding of virions. Credit: CDC / C. Goldsmith, P. Feorino, E. L. Palmer, W. R. McManus. CC BY 0 Source:https://www.plos.org Nov 16 2018Mechanisms that govern HIV transcription and latency differ in the gut and blood, according to a study published November 15 in the open-access journal PLOS Pathogens by Steven Yukl of San Francisco Veterans Affairs Medical Center and the University of California, San Francisco, and colleagues. According to the authors, the findings could inform new therapies aimed at curing HIV.
Reviewed by James Ives, M.Psych. (Editor)Feb 11 2019A brand new type of cancer drug that acts as a ‘Trojan horse’ to get inside tumor cells has shown promise in patients with six different cancer types.In patients with advanced, drug-resistant cancers, over a quarter with cervical and bladder tumors, and nearly 15 per cent with ovarian and lung tumors, responded to the new treatment.The innovative new drug, called tisotumab vedotin (or TV for short), releases a toxic substance to kill cancer cells from within. The results have been so positive the drug has now moved forward to phase II trials in cervical cancer and will be tested in a range of additional solid tumor cancers.A team at The Institute of Cancer Research, London, and The Royal Marsden NHS Foundation Trust led a phase I/II global clinical trial of nearly 150 patients with a variety of cancer types who had stopped responding to standard treatments.The study was published in The Lancet Oncology and funded by Genmab and Seattle Genetics.The researchers found that a significant minority of cancer patients responded to the drug, with their tumors either shrinking or stopping growing.They saw responses in 27 per cent of patients with bladder cancer, 26.5 per cent with cervical cancer, 14 per cent ovarian cancer, 13 per cent with oesophageal, 13 per cent with non-small cell lung and 7 per cent with endometrial cancer (although not in any men with prostate cancer).Responses lasted an average of 5.7 months, and up to 9.5 months in some patients.The main side effects reported from the study were nose bleeds, fatigue, nausea and eye problems – but halfway through the trial the researchers adjusted the protocol to reduce these eye-related effects.TV is made up of a toxic drug attached to the tail end of an antibody. The antibody is designed to seek out a receptor called ’tissue factor’ – present at high levels on the surface of many cancers cells and linked with worse survival.Binding to tissue factor draws the drug inside cancer cells, where it can kill them from within.The trial initially recruited 27 patients to assess safety and establish the right dose, before expanding to a further 120 patients primarily to look at whether the drug was hitting the right target but also at what effect it had on tumors.The majority of patients in the early trial had advanced stage cancer (spread locally or around the body) that had already been treated with, and became resistant to, an average of three different types of treatment.Related StoriesResearchers use AI to develop early gastric cancer endoscopic diagnosis systemNew protein target for deadly ovarian cancerSugary drinks linked to cancer finds studyTV is now being trialed in other cancer types including bowel, pancreatic, squamous cell lung and head and neck, as well as in a phase II trial as a second-line treatment for cervical cancer.Biopsy samples taken at the start of the trial are currently being analyzed for expression of tissue factor on tumor cells to see if it could be used as a marker to select patients most likely to respond to the drug.Professor Johann de Bono, Regius Professor of Cancer Research at The Institute of Cancer Research, London, and Consultant Medical Oncologist at The Royal Marsden NHS Foundation Trust, said:”What is so exciting about this treatment is that its mechanism of action is completely novel – it acts like a Trojan horse to sneak into cancer cells and kill them from the inside. Our early study shows that it has the potential to treat a large number of different types of cancer, and particularly some of those with very poor survival rates.”TV has manageable side effects, and we saw some good responses in the patients in our trial, all of whom had late-stage cancer that had been heavily pre-treated with other drugs and who had run out of other options.”We have already begun additional trials of this new drug in different tumor types and as a second-line treatment for cervical cancer, where response rates were particularly high. We are also developing a test to pick out the patients most likely to respond.”Professor Paul Workman, Chief Executive of The Institute of Cancer Research, London, said:”We’ve seen major advances against cancer in recent decades, but many tumor types remain very difficult to treat once the cancer has begun to spread. We desperately need innovative treatments like this one that can attack cancers in brand new ways, and remain effective even against tumors that have become resistant to standard therapies.”It’s exciting to see the potential shown by TV across a range of hard-to-treat cancers. I look forward to seeing it progress in the clinic and hope it can benefit patients who currently have run out of treatment options.” Source:https://www.icr.ac.uk/news-archive/new-trojan-horse-cancer-treatment-shows-early-promise-in-multiple-tumour-types?via=carousel0757
Fiscal justicePresident Emmanuel Macron came to power in 2017 promising to increase levies on global tech and internet groups, seeing their often minimal tax rates as part of a backlash in France and Europe against globalisation.Having failed to persuade his European partners to introduce an EU-wide tax—because of objections from low-tax jurisdictions such as Ireland and fears of provoking US President Donald Trump—France will now go it alone with its own new mechanism. French Economy Minister Bruno Le Maire says about 30 companies will be affected And Manon Aubry, a leader of the France Unbowed party, told France Inter radio it was like “putting a plaster on a wooden leg”.The government hopes the move will catch on abroad despite an earlier failure to reach consensus at the European Union level.Britain, Spain, and Austria have said they too intend to unilaterally tax the giants, while Japan, Singapore and India are also working on such schemes.Paris says it is now seeking “common ground” on the issue with fellow members of the Organisation for Economic Cooperation and Development (OECD) in order to reach a worldwide accord.Talks are ongoing among 127 countries at the OECD in a bid to reach “a consensus-based, long-term solution in 2020,” the international organisation said in a statement in January.An interim report should “be presented to the G20 during 2019,” it added, speaking of the group of industrialised and emerging nations. France on Wednesday introduced a bill to tax internet and technology giants such as Google and Facebook on their digital sales, putting it among a vanguard of countries seeking to force the companies to pay more in the markets where they operate. France unveils new tax for global internet giants The new levy is known as the “GAFA tax” in France—an acronym for US giants Google, Apple, Facebook and Amazon—who have until now routed their sales in France through subsidiaries in low-tax EU members.In one of the most best known cases, the European Commission concluded that Apple had paid an effective corporate tax rate of just 0.005 percent on its European profits in 2014—equivalent to just 50 euros for every million.In 2016, it was ordered by the commission to pay 13 billion euros in back taxes to Ireland which were judged to amount to illegal state aid.Under EU law, internet giants can choose to report their income in any member state, prompting them to choose low-tax nations such as Ireland, the Netherlands or Luxembourg.Only digital companies with global annual sales of more than 750 million euros and sales in France of at least 25 million euros will be taxed under the new French law.About 30 companies from the US, China, Germany, Spain and Britain as well as France would be affected, he said.France’s move comes after aggressive action from tax authorities to pursue the companies in the courts, with mixed results.Apple said last month it had reached an agreement to settle 10 years of back taxes, reportedly for nearly 500 million euros. Explore further © 2019 AFP Citation: France unveils new tax for global internet giants (2019, March 6) retrieved 17 July 2019 from https://phys.org/news/2019-03-france-unveils-tax-global-internet_1.html Lawmakers worldwide have struggled over how to effectively tax internet giants France wants to lead the way in making internet giants pay taxes on digital sales where they take place The French bill was discussed at cabinet level and will be submitted to parliament in early April.Speaking to reporters, Economy Minister Bruno Le Maire described the levy as “a first step” in setting up “a 21st century taxation system”.”It’s a question of justice for our fellow citizens” and for “our businesses”, he said, adding “no one can accept that big digital firms pay 14 percent less tax than our small and medium firms”.”If we want to be able to continue to finance our public services, our day nurseries, our hospitals, our schools, we must tax value where it is created,” he added.The tax, to be applied retroactively from January 1, sets a three percent levy on digital advertising, websites and the resale of private data by internet giants.It should bring in 400 million euros ($452 million) to the public purse this year, and 650 million by 2022, according to Le Maire—an amount the Le Monde newspaper called “a small sum” but “highly symbolic.”Left-wing politicians denounced the measure as too feeble.”Bruno Le Maire is taking on these giants with a water pistol,” Ian Brossat, a leader of the Communist party, told Liberation newspaper. 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.