Minotti warns Cagliari midfielder Nicolo Barella against Chelsea moveby Paul Vegas10 months agoSend to a friendShare the loveFormer Italy international Lorenzo Minotti has warned Cagliari midfielder Nicolo Barella against a move to Chelsea.Minotti, who used to play for Cagliari, has questioned whether Barella would get a game with the Blues.He told TMW: “Risk of a [Marco] Verratti-situation? The Premier [League] is a competitive championship.”Now the Italian teams are not ready to spend a similar amount, and those with chances [to] have [full squads].”If he goes to Chelsea he will struggle to find a starting shirt and be ready for the national team.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
TORONTO – Equifax Canada said Monday it plans to provide an update this week on the impact of its massive data breach — nearly two months after it was first discovered — but would not say how many individuals north of the border may have had their personal information compromised.The credit data company told The Canadian Press that it is working with Canada’s privacy watchdog, which announced an investigation into the cyberattack on Friday.“We intend to share an update with Canadians this week that will include how we intend to notify any potentially impacted individuals,” an Equifax Canada spokesperson said in an email. “Our investigation is ongoing and we are committed to sharing an update with Canadian consumers.”Canada’s privacy commissioner said Friday that Equifax has committed to contacting Canadians whose data may be at risk, in writing, as soon as possible, and to provide them with free credit monitoring, a service that was offered to U.S. residents on Sept. 7, the day it first announced the data breach.The company is now facing investigations in both Canada and the U.S., but lawyers say the punitive threat by regulators is stronger south of the border.Equifax, which collects data about consumers’ credit histories and provides credit checks to a variety of companies, has been tight-lipped about the security issue’s impact in Canada.Equifax Canada did not respond to questions about the number of Canadians who may have had their personal information stolen or whether the potential fallout is limited to Canadians with credit files in the U.S.The credit monitoring company’s call centre staff have told callers that only Canadians that have dealings in the U.S. were likely to be impacted by the data breach. However, the Office of the Privacy Commissioner said on Friday that, at this point, it is not clear that the affected data was limited to those Canadians.Equifax said on Sept. 7 that it suffered a massive cyberattack in the summer that may have compromised the personal data of 143 million Americans and an undisclosed number of Canadian and U.K. residents.The credit data company has since said that fewer than 400,000 U.K. individuals may have been affected in the hack that was discovered on July 29.Equifax’s Canadian website says that the personal information that may have been breached includes names, addresses and social insurance numbers.The Federal Trade Commission in the U.S. can issue hefty fines if the credit monitoring company is found to have failed to do enough to protect consumers’ data, but Canada’s privacy watchdog does not have the power to hand down fines, said Toronto-based cybersecurity and privacy lawyer Lyndsay Wasser of McMillan LLP.Instead, the privacy commissioner can make non-binding recommendations and sign an agreement urging them to comply, she added.Tamir Israel, a staff lawyer with the Canadian Internet Policy and Public Interest Clinic in Ottawa, pointed to the hacking of Canadian affair-seeking website Ashley Madison, which paid $1.6 million US to settle with the FTC but was not fined in Canada.However, Wasser said an application could also be made to a federal court — either by the privacy commissioner or by an individual — for a process in which a judge could award damages to those who have suffered as a result of a data breach.The company could also face punitive measures via class actions. At least two proposed class actions have been filed in Canada against Equifax in connection with the data breach.Under Canada’s Personal Information Protection and Electronic Documents Act, personal information should be protected by security safeguards that are appropriate for the sensitivity of the information, Wasser added.However, Canada’s privacy laws do not specify the measures that must be taken and even when a company has been hacked, it may still pass the “reasonableness test,” she said.“That’s the million dollar question: What is reasonable?… Even if they did comply with industry standards, it could still be found that further precaution should have been taken,” Wasser said.On Friday, Equifax said in a statement that the cyberattack occurred through a vulnerability in an open-source application framework it uses called Apache Struts. The United States Computer Readiness team detected and disclosed the vulnerability in March, and Equifax “took efforts to identify and to patch any vulnerable systems in the company’s IT infrastructure.”Meanwhile, changes to PIPEDA that would require companies to notify people in the event of a serious data breach are in the final stages, with the proposed text of the regulations out for public consultation until Oct. 2. But until those come into force, Alberta is the only province in Canada that has mandatory reporting requirements for private-sector companies.Israel said federal breach notification laws are “critical.”“There is going to be a strong internal incentive to make sure you have a very complete PR strategy before you start telling people what’s going on, but people need to know right away.”Note to readers: This is a corrected story. A previous version misspelled Lyndsay Wasser.
Srinagar: A request would be sent to the US to seek details from a service provider of “virtual SIMs”, which were used by the JeM suicide bomber behind the Pulwama attack and his Pakistan and Kashmir-based handlers, officials said.Piecing together probe from the site of the terror strike, searches carried out by the Jammu and Kashmir police and central security agencies at an encounter site in Tral as well as other locations, it was found that the bomber, Adil Dar, was in constant touch with the JeM across the border, they said. Also Read – Uddhav bats for ‘Sena CM’The main mastermind of the audacious attack, Mudassir Khan, was killed in the encounter in Tral. Forty CRPF personnel were killed on February 14 when Dar rammed his explosive-laden vehicle into a paramilitary force bus at Pulwama in South Kashmir. India retaliated after the strike by bombing the Jaish terror group’s hideout in Balakot in Pakistan. It was a fairly new modus operandi where terrorists across the border were using a “virtual SIM”, generated by a service provider in the United States. In this technology, the computer generates a telephone number and the user downloads an application of the service provider on their smartphone. The number is linked to social networking sites like WhatsApp, Facebook, Telegram or Twitter. The verification code generated by these networking sites is received on the smartphone and the user is ready. In case of Pulwama, Dar was in constant touch with the Jaish handler as well as Mudassir Khan using the same technology, the officials said. Also Read – Farooq demands unconditional release of all detainees in J&KThey said the numbers used were pre-fixed with “+1”, the Mobile Station International Subscriber Directory Number (MSISDN) number used for the United States. The request to the US will include details of phone numbers that got in touch with the “Virtual SIM” and who had activated it, they said, adding that Internet Protocol addresses would also be sought. While the security agencies would attempt to find who had paid for the virtual SIM, they were also aware that the terror groups used forged identities, as was done during the the Mumbai 26/11 terror strikes. During investigation of the 26/11 attacks it was found that an amount of USD 229 was wired to Callphonex, via Western Union Money Transfer receipt number 8364307716-0, for activating the Voice Over Internet Protocol (VoIP) used during the strikes.
New Delhi: The Supreme Court-appointed BCCI Ombudsman Justice (Retd) D K Jain has issued notices to India players Hardik Pandya and KL Rahul to appear for deposition for their sexist comments on a TV chat show. Pandya and Rahul were provisionally suspended by the Committee of Administrators (COA) for their loose talk on chat show “Koffee With Karan” before the ban was lifted pending inquiry by the Ombudsman. “I have issued notices last week to Hardik Pandya and KL Rahul asking them to appear for deposition,” Justice Jain told PTI on Monday. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USHowever, it is not clear how the BCCI will co-ordinate with Pandya and Rahul’s respective franchises Mumbai Indians and Kings XI Punjab to arrange for their deposition in between the ongoing IPL. It is learnt that they might depose ahead of teh April 11 clash between the two teams in Mumbai. “Both are playing IPL and the itinerary is packed with back to back matches and a gruelling travel schedule,” a BCCI official said. The Ombudsman, who is also the BCCI’s ad-hoc Ethics Officer, made it clear that for the matter to reach its logical conclusion, the duo needs to depose. Also Read – Record number of 35 candidates in fray for SL Presidential polls”As per principles of natural justice, I need to hear their side. It’s up to them now to decide when they want to appear,” Justice Jain said. It is understood that both players have to appear in person and not through their legal representatives. The controversial episode was aired in the first week of January, triggering outrage, which prompted the COA to call the duo back from the tour of Australia handing them provisional suspensions. The two tendered unconditional apologies and their ban was provisionally lifted pending inquiry. Once Jain assumed his role, the COA handed over the matter to him for the completion of inquiry. Jain has also received a complaint about former India captain Sourav Ganguly’s alleged ‘Conflict of Interest’ in his dual role of being the Cricket Association of Bengal (CAB) president and an adviser to IPL franchise Delhi Capitals. “I am supposed to receive a fresh set of complaints on various issues today. I don’t know whether the issue (Ganguly’s Conflict) is in this lot or not. As and when I get the details, I will have a detailed look into the matter,” said Jain.
201881.6D. Ayton7’0″M. Bamba7’0″M. Bagley6’11” 199280.7S. O’Neal7’1″C. Laettner6’11”A. Mourning6’10” 200781.6S. Hawes7’1″G. Oden7’0″Y. Jianlian7’0″ 201680.6D. Bender7’1″T. Maker7’1″J. Poeltl7’0″ 2018′s top 10 was calculated using ESPN.com’s latest mock draft.Sources: ESPN, Basketball-Reference.com When the NBA drafts its newest class of rookies Thursday, big guys should be the order of the night. According to rankings from ESPN’s Jonathan Givony, six of the top seven prospects in this year’s draft stand 6-foot-10 or taller. (The one exception is Real Madrid’s Luca Doncic, a 6-foot-8 point guard.) If things play out according to ESPN’s latest mock draft, this could be the second-tallest collection of top-10 picks in any draft since the lottery era began in 1985: 2018 is looking like one of the tallest drafts everTallest average height for top 10 picks in an NBA draft, 1985-2018 YearAvg. HEIGHT (inches)1st2nd3rd Tallest Players 198681.1B. Daugherty7’0″W. Bedford7’0″B. Sellers7’0″ 200281.1Y. Ming7’6″N. Tskitishvili7’0″Nene6’11” 200681.0A. Bargnani7’0″P. O’Bryant7’0″L. Aldridge6’11” 199780.1T. Duncan6’11”T. Battie6’11”K. Van Horn6’10” 198581.5P. Ewing7’0″B. Benjamin7’0″J. Koncak7’0″ 201581.4K. Porzingis7’3″K. Towns7’0″W. C.’Stein7’0″ 200080.6J. Przybilla7’1″C. Mihm7’0″K. Martin6’9″ 200182.0T. Chandler7’1″P. Gasol7’0″E. Curry7’0″ 199480.2E. Montross7’0″S. Wright6’11”D. Marshall6’9″ 201080.6D. Cousins6’11”G. Monroe6’11”D. Favors6’10” 198880.3R. Smits7’4″R. Seikaly6’11”D. Manning6’10” Headlined by Arizona 7-footer Deandre Ayton, this crop of big men is poised to have a profound effect on the league’s future. But therein lies a paradox: In the sport that prizes height like no other, the game itself is moving away from the archetype of the plodding big man. How each top prospect handles this seeming contradiction will go a long way toward determining what kind of pro career he’ll end up enjoying.The changing role of tall players in today’s pace-and-space NBA is complicated. As our ESPN colleague Kevin Pelton noted last week, bigs are actually more effective on a per-minute basis than ever, at least according to player-value metrics. Even though their share of leaguewide minutes has stayed relatively constant since the late 1980s, the share of NBA value over replacement player (VORP) accumulated by players 6-foot-10 or taller has been on the rise, hitting a modern high-water mark during the 2017-18 season, when bigs accounted for 39.5 percent of total value: Last season, 21 of the league’s 50 most valuable players by VORP stood 6-foot-10 or taller, another high for the league since the ABA merger in 1976. So in that sense, towering talents such as Anthony Davis, Nikola Jokic, Karl-Anthony Towns, Giannis Antetokounmpo and Ben Simmons are doing just fine in the modern NBA, thank you very much.But at the same time, it’s difficult to conclude that this is a true heyday for taller players when you consider how little difference any of them made during the playoffs.1Granted, NBA Finals MVP Kevin Durant is listed as 6-foot-9, but he is certainly taller than that. The percentage of total postseason minutes logged by players 6-foot-10 or taller has fallen from 29 percent in 2009 (the year 6-foot-11 Dwight Howard led the Orlando Magic to the NBA Finals) to 22 percent this year. At the same time, the share of playoff VORP belonging to big men has fallen from 34 percent to 26 percent. Only two players 6-foot-10 or taller — Kevin Love and JaVale McGee — played any significant minutes in the NBA Finals.2The series’ other players who stand 6-foot-10 or taller — Zaza Pachulia and Ante Zizic — were on the court for a grand total of 11 minutes over the series’ four games. In recent postseasons, the switch-heavy defensive schemes that top teams play have often made it a tactical liability to rely heavily on traditional big-man types, to say nothing of the negative effects of playing a nonshooter like most bigs have been throughout NBA history.Even among those who have survived these shifting conditions and remained relevant as NBA big men, the core responsibilities of the role have changed substantially over time. The floor-spacing element alone has not only put added pressure on bigs to develop greater range as shooters — 7-footers now take more than double the number of threes they did just five seasons ago, according to ESPN’s Stats & Information Group — but it also requires them to be able to move fluidly in larger areas of defensive space, as well as taking a more active role in ballhandling and passing duties.You can see these changes playing out statistically as today’s big men are diversifying their contributions. Relative to the league average, the typical player who stands 6-foot-10 or taller in the 2010s gets significantly more assists and steals than in previous decades; he also is a much more frequent and efficient scorer and rebounder, but he blocks fewer shots. These changes have been about survival, and several of this draft’s elite post prospects have things they’ll need to prove in order to avoid becoming the next Jahlil Okafor, who entered the NBA with one of the best low-post arsenals in decades but couldn’t move his feet well enough to justify consistent playing time (let alone the No. 3 overall pick).The physically gifted Ayton, who spent much of this past season at power forward, logged very low steal and block rates when compared with other recent top-level post prospects, leading some to question his defensive instincts. Marvin Bagley III, who played zone during his one year at Duke, struggled at times defending the pick and roll, a vital trait in a league where that play can be used every time down the floor. And while Texas’s Mohamed Bamba will enter the NBA with a shot-blocking reputation — he has a ridiculous 7-foot-10 wingspan and erased almost four shots a game in college — it remains to be seen whether he’ll be able to make an impact on defense when teams seek to pull him out with a stretch-big who doesn’t need to be tethered to the paint.If we learned anything during these NBA playoffs — between Houston finding ways to torch and neutralize likely defensive player of the year Rudy Gobert and Golden State making mincemeat out of Cleveland’s switch-everything defense in the NBA Finals — it’s that the best offenses generally have counterpunches against highly predictable defensive sets and players. With that in mind, it wouldn’t be a shock to see someone like Michigan State’s 6-foot-11 Jaren Jackson Jr. get drafted a few spots earlier than expected, given the defensive versatility he possesses.To be clear, it’s not just the big men who find themselves adapting to a changing game. Players at other positions will also come with a handful of question marks Thursday night for similar reasons. For all his game-changing offensive talents, Oklahoma guard Trae Young’s lack of size (he checks in at 6-foot-2 and just under 180 pounds, with only a 6-foot-4 wingspan) figures to give teams pause after an NBA postseason whose earlier rounds saw smaller guards targeted and exposed consistently on the defensive end. Among perimeter players — rookie and veteran alike — Young isn’t alone in that weakness.On a larger scale, though, the sheer number of elite big-men draft prospects leading the way this year may seem a bit odd, given how the league has seemingly downsized. But just keep in mind the necessary caveat: Big men are still alive and well in the NBA — as long as they can move their feet and possess more than one tangible skill. We’ll see how many of this year’s towering prospects can check off those boxes once they start playing against the pros.
Terrelle Pryor admitted he doesn’t have the most talent or the glitziest numbers. But he proved Saturday he can make plays when it counts. The junior quarterback rallied Ohio State (10-1, 6-1) to a fourth-quarter comeback to escape Iowa City, Iowa, with a 20-17 victory and keep the Buckeyes in the hunt for their sixth straight conference title. “I might not be the best quarterback or have the best stats,” Pryor said, “but I guarantee I can bring my team back and make them believe that we were coming back.” It wasn’t pretty. Pryor scrambled for 14 yards to convert a fourth-and-10 at midfield to revive a game-winning drive that was on life support. Five plays later, running back Dan “Boom” Herron punched in a 2-yard touchdown to cap the 12-play, 76-yard march and give OSU a 20-17 lead with 1:47 remaining. “Our guys don’t panic,” coach Jim Tressel said. “They believe and keep fighting. We felt like it was going to be a four-quarter heavyweight bout.” Herron rushed for 69 yards on 20 carries. The junior has scored at least one touchdown in 10 consecutive games. Iowa’s final crack at tying or winning the game was short-lived. Defensive lineman Cameron Heyward sacked quarterback Ricky Stanzi to force the Hawkeyes into a fourth-and-22, which they couldn’t convert. “I think we knew we really needed a stop,” Heyward said. “The defensive line just took that personally and went out there and played.” Pryor raved all week about OSU’s offensive game plan for Iowa, but aside from the go-ahead series, the Buckeyes struggled to muster up any sort of offensive rhythm. The junior signal-caller tossed a pair of costly interceptions, and officials flagged the Buckeyes eight times for 73 yards, including three false start penalties. “Throughout the game, a lot of things were going on,” Pryor said. “A lot of dropped passes, a lot of bad throws, a lot of inaccurate throws. We lived for another day.” Pryor’s miscues nearly cost OSU the game. Facing third-and-10 with the score tied 10-10 in the fourth quarter, Pryor, looking for receiver Dane Sanzenbacher, threw into double coverage off his back foot. Iowa’s Shaun Prater collected the errant throw after a deflection, returning the pick eight yards to the OSU 27-yard line. The pick “was kind of B.S.,” Pryor said. “It kind of bounced off Dane and bounced up. They made a great play on that.” Two plays later, running back Marcus Coker scored the first touchdown of his career from one yard out to provide Iowa a 17-10 edge. Coker totaled 70 yards on nine carries as he started in place of Adam Robinson, whom Iowa coach Kirk Ferentz benched for the first quarter for what he called “academic indigestions.” “He didn’t do anything wrong, illegal or what have you,” Ferentz said. “But just not dotting the ‘I’s and crossing the ‘T’s.” Robinson, who gained 27 yards on nine carries, left the game on Iowa’s final drive after taking a brutal hit from OSU safety Jermale Hines. With 7:38 to play, Devin Barclay converted a career-long 48-yard field goal to cap an 11-play, 30-yard drive that cut OSU’s deficit to 17-13. One play before Pryor rescued the Buckeyes on fourth down, receiver DeVier Posey, all alone in the end zone, let a downfield heave fall through his fingers. He strutted back to the huddle, hands on his helmet, shaking his head. “Was I pissed? Yeah, I was mad,” Pryor said. “But we had a fourth-and-10 to get to or we were going to lose another game. I hate losing with a passion.” Pryor atoned for Posey’s drop and his own mistakes on the next play, as Tressel opted against punting on fourth down from midfield with more than four minutes left. Instead, the notoriously conservative coach put his trust in an offense that tallied just three points in the first half. “When it was fourth-and-10 and (Pryor) went scrambling, I almost threw up on myself,” linebacker Brian Rolle said. “I held my breath the whole play.” On the Buckeyes’ final possession before halftime, Pryor tried to squeeze a pass into triple coverage for receiver Taurian Washington. After a deflection, Iowa safety Micah Hyde snagged the ball with one hand while falling to the ground to preserve the Hawkeye lead. Following the play, Pryor pleaded his case with Tressel and quarterbacks coach Nick Siciliano, insisting that the turnover wasn’t his fault. “He was probably upset about the fact he threw an interception,” Tressel said. “But in the heat of a game when you’re screaming and yelling at each other, there’s no place for the meek and mild. You need to be screamed at and you need to scream. “I don’t know if I was screaming at him or if he was screaming at me or if we were screaming at each other, but we still love each other.” Pryor completed 18 of his 33 pass attempts for 195 yards. He found backup tight end Reid Fragel for a 5-yard touchdown to cap a 12-play, 77-yard drive to start the second half and turn a 7-3 deficit into a 10-7 advantage. The score was the first of Fragel’s career. Iowa responded with a 10-play, 65-yard march of its own, which culminated in a 31-yard field goal to tie the game. Last season, the teams also entered the fourth quarter knotted at 10-10. Herron and running back Brandon Saine scored touchdowns early in the quarter before Iowa erased a 14-point deficit to send the contest into overtime. After Iowa failed to score, Barclay punched the Buckeyes’ ticket to Pasadena, Calif., with a 39-yard field goal. OSU hosts rival Michigan at the Horseshoe at noon Saturday. A victory would clinch the Buckeyes at least a share of the Big Ten title. Michigan State and Wisconsin remain tied with OSU atop the Big Ten standings with one conference loss. The Badgers beat Michigan, and the Spartans rallied to defeat Purdue.
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.
ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT #MagneticMediaNews Related Items:#magneticmedianews Recommended for you Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppLondon, England, February 9, 2017 – The UK’s exit from the European Union will not hurt relations with the Overseas Territories and when negotiations ensue, the UK promises the territories’ interests will be remembered at the bargaining table.These are two main themes which have come out of a special convening of UK Overseas Territories in London early this week with the Foreign Minister, Baroness Anelay and Minister for Exiting the European Union, Robin Walker.The Governor’s Office reported that Territory leaders, welcomed the new forum which was explicitly designed to discuss the impact of Brexit on OTs. Premier, Hon Sharlene Robinson and Governor, His Excellency, Dr John Freeman represented Turks and Caicos as among 10 countries at the meeting.It was said by Rt Hon Anelay that, “I… am keen to build on this early positive engagement to ensure the deal the UK Government ultimately negotiates, works for all.” A White Paper along these lines has already gone to British Parliament. It was the first meeting of the new forum. The Luxury of Grace Bay in Down Town Provo
Director of football Joaquin Caparros concedes that Sevilla are not optimistic over signing Alvaro Morata from Chelsea, despite the player himself being interested in making the moveSince arriving at Chelsea in July 2017 for a club-record deal of £60m from Real Madrid, Morata has been frequently linked with an exit from Stamford Bridge.The Spanish striker has only scored 16 goals in 47 Premier League games for the Blues and his struggles up front, along with fellow Olivier Giroud, has forced coach Maurizio Sarri to deploy Eden Hazard in a “false nine” role.Reports emerged in Spain this week claiming that Morata’s agent, Juanma Lopez, arrived at Sevilla on Monday to begin talks over a six-month loan deal.Chelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.But Caparros admits that Chelsea’s tough stance in negotiations makes a deal for Morata unlikely.“It is true that we have an interest in this player [Morata], but it is a very, very complicated operation,” Caparros told SevillaTV.“The player may want to come here over other options, but it is very complicated. Chelsea are a club who are very difficult to negotiate [with].”However, Caparros was able to provide Sevilla fans with more positive news by expressing his confidence in reaching a deal for Barcelona forward Munir El Haddadi.
KUSI Newsroom, KUSI Newsroom Posted: July 9, 2019 SAN DIEGO (KUSI) – The office of Vice President Mike Pence Tuesday announced plans for him to visit San Diego County later this week, part of a three-day swing through California and Texas to visit constituents, military bases and immigrant detention centers.Pence is expected to arrive in San Diego on Wednesday night, then visit U.S. Naval Amphibious Base Coronado on Thursday. While at the base, Pence is also expected to tour the U.S. Coast Guard Cutter Munro, which is normally homeported in Kodiak, Alaska, and is tasked with seizing drugs in international waters.While in San Diego, Pence will also attend a fundraiser for President Donald Trump’s re-election campaign.Although Pence has not visited San Diego County in an official capacity since taking office in January 2017, he traveled to the U.S.-Mexico border in Calexico, located about 100 miles east of San Diego in Imperial County, in April 2018 to discuss immigration policy and view renovated areas of border fencing.“We’re thrilled to have the vice president in town,” said Tony Krvaric, chairman of the Republic Party of San Diego County. “The Trump-Pence administration has provided more support and respect for our military service members than the previous administration and it’s much appreciated.”Pence is scheduled to visit U.S. Naval Air Station Lemoore and Vandenberg Air Force Base on Wednesday. On Friday, he plans to visit the Donna immigrant detention facility in McAllen, Texas. Vice President Mike Pence to visit San Diego Thursday Categories: Local San Diego News, Politics FacebookTwitter July 9, 2019
This helicopter was diverted back when winds kicked up activity on the Swan Lake Fire burning in the Kenai National Wildlife Refuge, according to DOF officials. Facebook0TwitterEmailPrintFriendly分享Firefighters and helicopters are aggressively working on a half-acre fire burning southwest of the confluence of Killey and Kenai rivers. It was reported at 3:20pm, Sunday by firefighter personnel aboard an aircraft guiding water-scooping airplanes flying between Skilak Lake and the Swan Lake Fire. In a release from DOF, they are busy cutting in a saw line around the fire that is burning in heavy dead and downed trees from the 2014 Funny River Fire. Two helicopters were dropping large buckets of water on the fire, including one that was pulled from the nearby Swan Lake Fire. The Killey Fire is burning in a full protection area east of Browns Lake and to the west of the Killey River near Sterling. A Division of Forestry Kenai – Kodiak Area helitack crew with four firefighters responded and three other Division of Forestry firefighters traveled by four wheelers to reach the fire. Firefighters reported the fire is burning deep underneath surface layers and was proving to be resistant to suppression. They will continue overnight into Monday to work toward fully suppressing the fire.For more information, contact the Alaska Fire Information Office at (907)356-5511. More details will be posted as they are made available.
ADVERTISING SALES OR REGIONAL MANAGERSALES PERSON, ACCOUNT EXECUTIVE, OR MANAGER METHODOLOGYThe survey sample of 771 was selected by Red 7 Media and Readex Research and represented all FOLIO: subscribers classified as sales management at the time of sample selection. Data was collected via mail survey from February 25 to April 9, 2008. The survey was closed for tabulation with 315 responses (a 41 percent response rate). To ensure representation of the audience of interest, results have been filtered to include only the 249 respondents who completed the compensation information, work full time, and indicated their job functions are best described as advertising sales director; advertising sales or regional manager; advertising salesperson, account executive, or category manager. The margin of error for percentages based on all 249 respondents is 4.8 at the 95 percent confidence level. Advertising sales is a hot field to be in right now. According to FOLIO:’s Industry Job Trends report from March, it’s one of the most in-demand areas of magazine publishing—so much so that Discover Media’s CEO Henry Donahue said demand was outstripping supply, driving salaries up. Executives from Aspire Media, National Geographic and CurtCo all noted plans to staff up on sales people to help drive revenue during economic downturn.But the sales directors, managers and reps who responded to FOLIO:’s Advertising Sales Salary Survey this year present a mixed report from the field—especially when it comes to the impact of e-media. “Online sales will offer additional earning potential,” one respondent said in a verbatim response. “Can’t make as much selling Web offerings as print pages, but they are just as time consuming,” said another.Still, the survey shows ad salaries, in many areas, are healthy and growing, particularly for ad sales or regional managers at consumer magazines who saw an increase of almost 27 percent in base salary last year over the year before.SALARY BY CATEGORY:ADVERTISING SALES DIRECTOR
Holtzbrinck, whose portfolio includes Nature and Scientific American, will hold 53 percent of the new joint company. The newly combined group will have a valuation of more than €5 billion ($5.81 billion USD). Springer Science CEO Derk Haank tells Reuters that the merger will create economies of scale that will enable the group to invest in product. Not included in the merger are Holtzbrinck’s IT, software and consumer books divisions. Holtzbrinck Publishing Group, owners of Macmillan Science and Education, and BC Partners, owners and fund advisors of Springer Science+Business, have reached a merger agreement to join the two groups. The transaction is still pending approval from various competition authorities, which should conclude in the first half of 2015.
The alternating pattern of PE and PEO formed on single-walled carbon nanotubes with a 12-nanometer period imaged using transmission electron microscopy. The dark and bright stripes represent the PEO and PE domains, respectively. Image courtesy Christopher Li. Plumbing Carbon Nanotubes Now, as reported in a recent edition of Nature Nanotechnology, a research group has successfully used polymers to create well defined patterns onto single-walled carbon nanotubes.“Very few reports have address periodic patterning on nanotubes, and those studies that have been conducted resulted in patterns that were poorly repeating rather than nicely periodic and uniform,” said the study’s corresponding researcher, Christopher Li of Drexel University, to PhysOrg.com. “The success of our work appears to be in the polymer material we used.”The group chose a block copolymer, a polymer chain formed by two (or more, in some cases) short polymer chains. In this case the two components are polyethylene (PE) and polyethylene oxide (PEO).Li and colleagues at Drexel deposited a single-walled carbon nanotube solution onto a pre-fabricated carbon-coated grid. The nanotubes lined up on the grid surface and the group decorated the nanotubes with a solution containing the copolymer. The result is a copolymer/nanotube hybrid, which the group analyzed using a transmission electron microscope.Even with the powerful microscope, the nanotubes were not visible under the copolymers, which formed worm-like structures with alternating dark and bright stripes (corresponding to the PEO and PE blocks, respectively). But the consistent spatial orientation of the stripes, and the size of the “worms,” averaging 50 nanometers wide and one micrometer long, indicate that the polymer chains forming the stripes had aligned with the long axes of the nanotubes; the stripes, then, cut across the nanotubes perpendicularly.The researchers used copolymer solutions of varying concentrations and found that the stronger the solution, the more stripes formed on each nanotube. The process causing this to occur, they propose, begins when the copolymer molecules randomly adsorb onto a nanotube surface. These molecule clusters nucleate the growth of crystals and, with increasing concentration, more crystals appear, growing into larger patches.At a critical concentration the patches connect and clear stripes begin to form. And when the concentration is too high, there are so many crystals forming on the nanotubes that they don’t have time to align properly.The period of the stripe pattern – that is, the distance between alternating stripes – is about 12 nanometers. This regularity is a key step toward fabricating multiple transistors on individual nanotubes.Additionally, the group was able to attach gold nanoparticles to the copolymer/nanotube hybrid structures in fixed locations, adding another functional element to the pattern. This shows that it is possible to pattern other structures onto the nanotubes, a route toward tailoring them specific tasks in nanoelectronics.More information: Bing Li, Lingyu Li, Bingbing Wang and Christopher Y. Li Nature Nanotechnology advance online publication 26 April 2009, DOI: 10.1038/nnano.2009.91Copyright 2009 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. 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. (PhysOrg.com) — Carbon nanotubes are at the center of the nanoelectronics research movement, with scientists making great progress toward getting nanotube-based electronic devices into the hands of consumers. But one area of carbon nanotube research where there has been considerably less success is creating repeating, regular patterns onto individual nanotubes, a task necessary for a key goal of nanoelectronics: patterning transistors directly onto nanotube surfaces. Citation: ‘Writing’ Patterns on Carbon Nanotubes With Polymer Chains (2009, May 19) retrieved 18 August 2019 from https://phys.org/news/2009-05-patterns-carbon-nanotubes-polymer-chains.html Explore further
Special Olympics Michigan drove a competition-sized pool to the Capitol lawn today where state Rep. Kevin Cotter and nearly two dozen other brave legislators participated in the “Second Annual Legislative Polar Plunge and Push” in support of the nonprofit. Cotter was also a co-chair of the event for the second year.“Special Olympics Michigan is an incredible organization and with their headquarters and Summer Games in Mt. Pleasant, I have seen firsthand the positive impact they have on so many Michigan families,” said Cotter, R-Mount Pleasant. “They are champions for dignity, equality for everyone as well as promoting respect for everyone. I was happy to serve as a Co-Chair for this event and join some of my colleagues in taking an icy plunge for such a great cause.“Our goal this year was to raise $30,000 for Special Olympics and I am happy to say we were able to exceed that amount.”The event helps support Special Olympics Michigan, which brings year-round sports training and athletic competition to more than 20,670 children and adults with intellectual disabilities in Michigan.The Polar Plunge takes place all over the country in cold weather and is well-known for the colorful costumes and shivering swimmers it produces. Categories: News 01Mar Rep. Cotter participates in 2nd Annual Legislative Polar Plunge and Push for Special Olympics
TSX Venture1,251.021,240.071,924.22 Oil84.0393.9894.81 Rock & Stock StatsLast One Year Ago Gold1,627.051,543.781,530.65 TSX (Toronto Stock Exchange)11,524.9011,343.0512,972.03 Dear Readers,I’ve just returned from Victoria, BC, where I spoke at the HoweStreet.com Money Expo 2012. The show was smaller than many shows, but the location is beautiful, a major plus for anyone whose spouse doesn’t want to go to Toronto in March for PDAC. I’d never been to Victoria before and hadn’t expected the touch of Old-World charm the place has – it reminded me more of Quebec than western Canada.Or maybe I just had the Old World on my mind, since the Greek elections could well have marked the beginning of the visible disintegration of the Eurozone. As of Sunday night, it seems that Greece will not leave the European Union – at least not yet. It remains to be seen if the slender majority that the pro-EU faction gained in Greece will lead to a coalition government that can actually deliver the austerity program needed to keep the bailout funds coming.For now, the world keeps turning as it did last week. But thinking about the Old World reminds us of one of history’s greatest lessons in hyperinflation, a lesson no one can afford to ignore. The Casey metals team has a look at gold during the Weimer hyperinflation of the 1920s in this week’s article. Good food for thought.Sincerely,Louis James Senior Metals Investment Strategist Casey Research Gold Junior Stocks (GDXJ)20.5318.0333.72 Does Gold Keep Up In Hyperinflation?By Alena Mikhan and Jeff ClarkInflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors, we’d like to know if the precious metals would keep pace in this extreme scenario.Hyperinflation is an extremely rapid period of inflation, but when does inflation (which can be manageable) cross the line and become out-of-control hyperinflation? Philip Cagan, one of the very first researchers of this phenomenon, defines hyperinflation as “an inflation rate of 50% or more in a single month,” something largely inconceivable to the average investor.While there can be multiple reasons for inflation, hyperinflation historically has one root cause: excessive money supply. Debts and deficits reach unsustainable levels, and politicians resort to diluting the currency to cover their expenses. A tipping point is reached, and investors lose confidence in the currency.“Confidence” is the key word here. Fiat money holds its purchasing power largely on the belief that it is stable and will preserve that power over time. Once this trust is broken, a flight from the currency ensues. In such scenarios, citizens spend the money as quickly as possible, typically buying tangible items in a desperate attempt to get rid of currency units before they lose value. This process increases the velocity of money, setting off a vicious cycle that destroys purchasing power faster and faster.The most famous case of hyperinflation is the one that occurred in Germany during the Weimar Republic, from January 1919 until November 1923. According to Investopedia, “the average price level increased by a factor of 20 billion, doubling every 28 hours.”One would expect gold to fare well during such an extreme circumstance, and it did – in German marks, quite dramatically. In January 1919, one ounce of gold traded for 170 marks; by November 1923, that same ounce was worth 87 trillion marks. Take a look.(Click on image to enlarge)Inflation was at first benign, then began to grow rapidly, and quickly became a monster. What’s important to us as investors is that the price of gold grew faster than the rate of monetary inflation. The data here reveal that over this five-year period, the gold price increased 1.8 times more than the inflation rate.The implication of this is sobering: while hyperinflation wiped out most people’s savings, turning wealthy citizens into poor ones literally overnight, those who had assets denominated in gold experienced no loss in purchasing power. In fact, their ability to purchase goods and services grew beyond the runaway prices they saw all around them.One can’t help but wonder how the people whose wealth evaporated in Germany during this time felt. In effect, they were robbed by the government – they were on the losing end of a massive transfer of wealth. Of course, there are two sides to the story, as those who held significant amounts of gold and silver were the recipients.Could the US experience a wealth transfer like the one that wracked the Weimar Republic? While the federal government and most so-called economic “experts” dismiss the notion, the economic data suggest that it’s already started.We can’t help but speculate about whether most citizens dismissed the idea of inflation during the calm period in 1920-’21. Did respected economists scoff at the idea that Germany could suffer hyperinflation, just before it struck? Did some politicians proclaim that “a little inflation would be good?”Those who today argue that our obscene debt levels, runaway deficit spending, and money-printing schemes are sound strategies and believe they won’t lead to out-of-control inflation might want to rethink those beliefs. We’ve seen this movie before: it doesn’t have a happy ending.The historical record is clear on what happens when countries embark on fiscal and monetary paths today’s leading economies are embracing. If gold’s recent price performance is anything like the calm before Germany’s hyperinflationary storm, this is a time to be accumulating more gold.Keep in mind that hyperinflation is not a rare event. Since Weimar Germany, there have been 29 additional hyperinflations around the world, including those in Austria, Argentina, Greece, Mexico, Brazil, Taiwan, and Zimbabwe, to name a few. On average, that’s one every three years or so.While hyperinflation devastates those who experience it, there is a healing aspect to it. Since the responsibility for this type of disaster lies solely at the feet of government, there may be some Darwinian justice to the way hyperinflation purges the perverse fiscal and monetary imbalances from an economy. After the Weimar Republic hyperinflation, the second half of the 1920s was a strong period for Germany, with low inflation and steady growth.It’s no secret that many currencies around the world, including the US dollar, are choosing the path of inflation. If we were to slip into hyperinflation, there will be disastrous consequences for those unprepared. Given that the US dollar is the world’s reserve currency, the problems would spread to practically every country on earth. Hyperinflation will shake people’s confidence not only in the US dollar, but in the paper currency system as a whole.What will actually come to pass, we don’t know. What we do know is that the measures to cure hyperinflation include tying the currency to a hard asset or even replacing it with one. When creditability in fiat money dissipates, gold may be the only viable option left standing.Again, the investment implication is obvious: continue to accumulate gold.How much is enough? Well, how many ounces do you own in relation to your total assets? Anything less than 5% will not offer you a sufficient level of protection in a high inflationary environment.Another way to look at it is this: how many ounces do you need to cover your monthly expenses? In Weimar Germany, inflation rose uncomfortably for two years – and then pinched harder, spiraling into a destructive hyperinflation for another two. Consider what it would take to maintain your standard of living for a couple years instead of just a couple months.And don’t listen to any government’s ongoing pronouncements of confidence in the current system, along with the mainstream media’s noisy and frequently inaccurate portrayals of the gold market. (For example, these two headlines appeared on the same day: Gold Edges Lower as Worries over Europe Simmer; and Gold Settles Higher on Spanish Bailout Plans.) In a world awash in ignorance about real money, if not deliberate obfuscation, you have to study the relevant history, draw your own conclusions, and stick with them.This example shows how gold can perform during hyperinflation. If that worst case scenario comes to pass, will the example your family’s finances sets be a positive or a negative one? Gold and Silver HEADLINESKazakh Central Bank Intends to Have 20% of Reserves in Gold (Reuters)Kazakhstan’s central bank plans to boost the share of gold in its foreign currency reserves to 20% from the current 14-15% level.Last year the central bank bought 5.3 tonnes (0.17 million ounces) of gold, but this year their purchases accelerated, already purchasing 10.3 tonnes (0.33 million ounces).Kazakhstan is one of a number of countries that have been increasing their official gold holdings in recent years. Others include Mexico, Russia, Colombia, and South Korea. Last year central banks bought a record 450 tonnes (14.5 million ounces).Even if the amount of gold purchased by central banks this year ends up slightly less than last year, as some analysts expect, it’s still a big share of total gold demand and lends strong support to the price.Gold Coin Collecting a Deadly Business as Metals Prices Rise (Mineweb)Criminal syndicates now consider thefts of gold, silver, and rare coins to be both less risky and more profitable than robbing banks or other well-protected targets. As precious metals increase in price, more and more cases of larceny are taking place. The FBI estimates that only about 4% of stolen precious metals and jewelry is recovered annually.While many investors know it’s not wise to talk about the gold you own, this article shows that that behavior can have dire consequences. Besides being a valuable asset, gold coins can also be viewed as art, lulling the vigilance of the owner. Showing your collection even to friends and family is tempting, but don’t overlook the potential consequences.Learn more about how to safely store gold at home; Jeff Clark offers some good, practical tips.Indian Gold ETF and E-gold Investments Swell as Rupee Remains Weak (Mineweb)In India, the gold price in rupee terms reached an all-time high of $544.74 (Rs 30,420) per 10 grams. In Mumbai, standard gold prices have risen by 27% over the last year. On one hand, a weak rupee makes gold less affordable, while on the other, it makes it a robust investment asset.Indian ETFs are said to have seen a marked rise in activity, as investors continue to buy the yellow metal as a safe haven and diversification from equities.Assets under management of gold funds in India were $1.83 billion (Rs 102.18 billion) in April 2012. The assets held under India’s gold ETFs nearly doubled year on year. The assets were valued at $981 million (Rs 54.63 billion) a year ago.Recently another gold-purchasing option became available for Indian investors: e-gold trading at the Singapore Mercantile Exchange (SMX). Since its launch on June 1, volume has soared nearly 300%, with US$16 million traded. This Week in International Speculator and BIG GOLD – Key Updates for Subscribers International SpeculatorAn exploration stock announced that it received a major environmental permit. Read what we think. BIG GOLDGet the latest on your BIG GOLD stocks from the portfolio page. Silver28.6427.7035.76 Silver Stocks (SIL)19.4416.9022.81 One Month Ago Copper3.393.524.12 Gold Producers (GDX)46.9239.3453.06
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.