The Australian Men’s National Training Squad will train in Sydney this weekend as they prepare for the 2014 Trans Tasman Series in April next year. The camp is the first opportunity for the Australian Men’s Open contingent to train together since the announcement of the squad in June, in the lead up to the series which will be played at Mudgee’s Glen Willow Regional Sporting Complex from Friday, 25 April to Sunday, 27 April 2014. The Men’s Open team will be hopeful of reclaiming the division back from New Zealand, following their 2-1 series loss at the 2013 Super Trans Tasman Series in Auckland in February. Stay tuned to www.austouch.com.au for all of the latest news and information on the Australian teams in the lead up to the 2014 Trans Tasman Series. Be sure to also follow Touch Football Australia on our social media pages:Facebook – www.facebook.com/touchfootballaustraliaTwitter – www.twitter.com/touchfootyausYouTube – www.youtube.com/touchfootballaus Instagram – search for ‘Touch Football Australia’Related LinksAussie Men’s Camp
Father of Ajax defender De Ligt opens door to Juventusby Carlos Volcano10 months agoSend to a friendShare the loveThe father of Ajax defender Matthijs de Ligt has opened the door to a move to Juventus.De Ligt’s agent Mino Raiola met with Juve officials this week.“Juve could be a possibility, but they’re not the only team interested,” Frank de Ligt said.“Now we’re focusing on this season with Ajax. Turin is a beautiful city, I came here for the Netherlands match in June too.“In the next few months, I, my son, and [agent Mino] Raiola will make the best decision for his future.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Emerson Palmieri set to land a contract with Chelseaby Paul Vegasa month agoSend to a friendShare the loveEmerson Palmieri is set to land a new contract with Chelsea.TMW says now a regular starter under manager Frank Lampard’s training, Palmieri is very close to penning a contract renewal. It will be an upgrade that will lead him to receiving €5m-a-year, plus an extension until June 30, 2024. Emerson’s form has also seen him force his way into Italy coach Roberto Mancini’s plans.The fullback is in his third season with the Blues.
West Ham blow as keeper Fabianski out for EIGHT weeksby Ian Ferris25 days agoSend to a friendShare the loveWest Ham keeper Lukasz Fabianski has been ruled out for at least two months with a torn hip muscle.The 34 year old Polish stopper suffered the injury taking a goal-kick during West Ham’s 2-2 draw at Bournemouth on Saturday and was substituted in the 34th minute. TagsPremiership NewsAbout the authorIan FerrisShare the loveHave your say
CALGARY – Uniformed police officers will not be marching in Calgary’s annual Pride parade in September.Calgary Pride said Wednesday that it encourages police to take part, as long as it’s without uniforms, firearms, vehicles or institutional representation, such as floats.“We acknowledge the historical oppression and institutionalized racism faced by queer/trans people of colour and Indigenous persons, and the potentially negative association with weapons, uniforms, and other symbols of law enforcement,” the group said in a news release.“We also recognize the oppression of the gender and sexually diverse community at large, the discrimination faced by members of law enforcement who identify as part of the (gender and sexually diverse) community and the challenges they may have encountered as a self-identified (gender and sexually diverse) community member in the workplace.”Calgary Pride said it also wants top brass at the Calgary Police Service, including Chief Roger Chaffin, to have formal diversity and inclusion training.As in past years, the group said police will provide security at the Sept. 3 parade, which attracts more than 60,000 spectators.“We believe banning (the Calgary Police Service), and other law enforcement agencies from participating in Calgary’s Pride activities deters from engaging in meaningful discussions on how law enforcement agencies can best support Calgary’s gender and sexually diverse community,” Calgary Pride’s release said.“We welcome the participation of Calgary Police Service, and other law enforcement agencies in a manner that demonstrates allyship and understanding.”The Calgary Police Service said it will have an entry in the parade, but will respect the request that no uniforms be worn.“We are obviously disappointed with the decision that police will not be allowed to march in uniform, but we are not going to allow it to undo decades of progress between law enforcement and the LGBTQ community in Calgary,” Chaffin said in a statement.“We have a far better relationship with the LGBTQ community now than we did even ten years ago and we want to keep that forward momentum.”VOICES, a group that describes itself as “Calgary’s coalition of two-spirit and racialized LGBTQIA and their chosen allies,” said it had collaborative discussions with Calgary Pride and Calgary Police.LGBTQIA is an abbreviation that refers to lesbian, gay, bisexual, transgender, queer, intersex and asexual people.“What we have here is a symbolic step which does not eliminate police violence and misconduct, but rather opens up a discussion and first steps towards creating a community that is safe for all and the one that truly honours the history of what Pride marches are meant to be,” the group said in a statement.Law enforcement involvement in Pride events has stirred controversy.In January, Pride Toronto organizers agreed to a list of demands from the city’s chapter of Black Lives Matter, including a ban on uniformed officers and police floats in the parade.The issue first came to widespread public attention during last year’s parade, when members of the anti-racism group staged a sit-in that halted the march until Pride organizers agreed to a list of conditions.Pride Winnipeg invited police to march in its parade in June, but without cruisers or uniforms. Halifax police opted out of last weekend’s Pride parade, citing the national debate on the topic.In Vancouver, officers will be allowed to march as part of the city’s contingent Aug. 6, alongside city municipal staff and other first responders. But no marked cruisers will be included and most of the marching officers will wear T-shirts rather than uniforms.In St. John’s, N.L., the Pride committee reversed course and invited uniformed police officers to march in the city’s parade, which was held earlier this month.
ST. JOHN’S, N.L. – Two more dead whales have washed ashore on Newfoundland’s west coast.The federal fisheries department says the discoveries bring the total of confirmed North Atlantic right whale deaths to at least nine.The department says one of the animals had not been counted amongst the previous eight right whale carcasses that have been spotted in the Gulf of St. Lawrence in recent weeks.Officials didn’t immediately say when the carcasses washed ashore.Scientists are working to confirm the identities of the whales and learn more about the causes of death.The government says one of the carcasses was initially believed to be another species of whale, but was later confirmed to be a North Atlantic right whale.Fisheries officials examined the remains of another right whale at a site in western Newfoundland last week.North Atlantic right whales are critically endangered, with only about 525 believed to be alive.
OTTAWA – Expectations the Bank of Canada will raise its key interest rate target next month were bolstered Friday after stronger-than-expected economic growth in April and a report suggesting widespread business optimism.The Bank of Canada’s outlook survey indicator climbed to its highest level since the second quarter of 2011 as responses to most survey questions were above their historical averages.However, the central bank noted almost all of the interviews with firms for the business survey were done before the U.S. announcement on tariffs on steel and aluminum imports from Canada.Escalating trade tensions between Canada and the U.S., including the threats of additional tariffs on the auto sector, have raised concerns for the economy.Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said the solid increase in the outlook survey indicator shows the economy was in good shape heading into the tariff strife.“With governor Poloz saying that the bank will not be shaping policy based on headlines, and the economic backdrop in generally good shape, there’s a solid case for a July rate hike,” Reitzes wrote in a report.“Even so, we’ll be waiting to see if Trump reacts to Canada’s retaliatory tariffs, as a further escalation could drastically change policy dynamics.”The Bank of Canada survey came as Statistics Canada reported Friday real gross domestic product edged up 0.1 per cent in April over the previous month, topping the expectations of economists for no change for the month.Gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction to help the output of goods-producing industries rise 0.2 per cent.Activity in the manufacturing sector rose 0.8 per cent in April as the output of both durable and non-durable manufacturing grew.Services-producing industries were essentially unchanged overall for the month.“With cold weather in much of the country, one-off factors hitting the mining and oil and gas industries, and some soft advance indicators, it was a welcome surprise to see a modest expansion of the Canadian economy in April,” TD Bank senior economist Brian DePratto wrote.Both the business outlook survey and the reading on GDP will be scrutinized by the central bank ahead of its interest rate decision next month.The Bank of Canada kept its key interest rate target on hold at its last rate announcement, but the central bank’s accompanying statement was interpreted by many economists as suggesting that rates could head higher later this year.However, the Trump administration announced tariffs on steel and aluminium imports a day after the last rate announcement and has since threatened additional tariffs on other goods including automobiles. Canada has responded with its own plans for tariffs on U.S. steel and aluminum imports as well as duties on a wide range of other goods.Bank of Canada governor Stephen Poloz said earlier this week the escalating cross-border trade fight and new mortgage rules will “figure prominently” in the central bank’s upcoming interest-rate decision.The governor added the central bank will continue to focus on economic data it can model rather than trying to follow political rhetoric.The Bank of Canada business outlook survey of about 100 firms found the balance of opinion on future sales growth was marginally positive as domestically-oriented firms, including those tied to housing in some regions, expected a moderation in growth.It noted that firms that were optimistic about their sales prospects often expected to benefit from sustained foreign or domestic demand, improving commodity prices or new products or initiatives to increase market share.“In particular, firms serving foreign customers reported that orders have improved compared with 12 months ago, and they expect export sales to increase at a greater rate over the next year,” the report said.However, the survey also said the number of firms that would have significant difficulty meeting an unanticipated increase in demand has increased to levels not seen since before the 2008-09 recession.“Reports of labour shortages are most prevalent in British Columbia but are also common in Central Canada,” the report said.The Bank of Canada has raised its key interest rate target three times since last summer, moves that have prompted Canada’s big banks to raise their prime lending rates. The central bank’s target for the overnight rate sits at 1.25 per cent.The business outlook survey was conducted from May 3 to June 5.
New Delhi: The Supreme Court Friday directed the Reserve Bank of India (RBI) to disclose information on its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law.A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, saying “it is duty bound under the law”. The bench, which did not go ahead with contempt proceedings against the RBI, made it clear that it was giving a last opportunity to it to comply with provisions of the transparency law. Also Read – India gets first tranche of Swiss account details under automatic exchange frameworkThe bench said it would have taken a serious view to the refusal of the RBI to part with information under RTI. “Any further violation shall be viewed seriously,” the bench said. In January this year, the top court had issued contempt notice to RBI for not disclosing annual inspection report of banks under RTI. Earlier, the apex court and the Central Information Commission, both had held that the RBI could not deny information to an information seeker under the transparency law unless the material is exempted from disclosure under the law. Also Read – Trio win Nobel Medicine Prize for work on cells, oxygenThe RBI, in its defence, had said that it could not disclose information as the annual inspection report of the bank contained “fiduciary” information as defined under the transparency law. The bench was hearing a contempt petition filed by RTI activist S C Agrawal against the RBI. Agrawal had sought complete information including related documents from RBI on the imposition of fines on some banks for violating rules. He had also sought the list of banks and the default for which show cause notices were issued to them before the fine was imposed. Despite the apex court’s judgement for disclosure of such information, the RBI had issued a “Disclosure Policy” under which it has listed certain information as being exempted from being disclosed of the RTI Act. “It is to be noted that this specific information is similar to what was held not to be exempted by the Supreme Court,” claimed the plea. The RBI had refused to disclose such information on the grounds of economic interest and holding such information in a fiduciary relationship with these individual banks. “Such reason is in direct contempt with this court’s judgment. The information titles which are in contempt belong to the Department of Banking Regulation, Banking Supervision, Cooperative Banking Regulation/Department of Cooperative Banking Supervision and Consumer Education and Protection Department. “This exempted information under the policy was held to be not exempted by the Supreme Court. Thus, this exemption leads to contempt of this court’s order,” the plea has said. The Supreme Court had in 2015 held that RBI should take rigid action against those banks and financial institutions which have been indulging in “disreputable business practices” and said it could not withhold information on defaulters and other issues covered under the RTI Act. It had further clarified that RBI cannot withhold information under the “guise” of confidence or trust with financial institutions and is accountable to provide the information sought by the general public.
When the American League takes the field in Tuesday’s MLB All-Star Game, Derek Jeter will walk out of the dugout to what is sure to be thunderous applause and take his familiar place at shortstop.That’s nothing new. Jeter, who plans to retire at the end of this season, has been named an All-Star 14 times in his storied career, starting the game at shortstop nine times. This year, though, he’s playing at nothing near an All-Star level. According to wins above replacement (WAR), Jeter has been one of the AL’s worst shortstops this season.It’s tough to get too worked up, though, about Jeter getting the starting nod — however undeserved — in the final All-Star Game of his career. Although Erick Aybar of the Los Angeles Angels almost certainly warranted the accolade instead, baseball has a long history of awarding statistically unjustified All-Star Game starts. Surprisingly, though, the worst All-Star starting bids (since 1974 — excluding 1981, due to the players’ strike — according to FanGraphs’ WAR through the end of June for the season in question) are not exclusively the realm of sentimental picks like Jeter:Forty-year-old Cal Ripken Jr.’s 2001 All-Star Game start was awarded purely out of legacy, and it’s been frequently compared to Jeter’s this week. Ripken, however, had the worst first half of any All-Star Game starter from the past four decades, having played much worse than Jeter has thus far in 2014. Ripken’s first-half triple-slash line in 2001 was .240/.270/.324 (good for a 56 Weighted Runs Created Plus); Jeter’s 2014 line is .272/.324/.322 (80 wRC+), despite playing in a more difficult offensive environment. Jeter may not be playing like a typical All-Star, but he hasn’t been as bad as Ripken was at the same age.Perhaps more interesting is the fact not all — or even most — ill-advised All-Star starting picks went to sentimental selections. Of the 50 worst starters listed above, there are more players under age 30 (18) than 35-or-older (16). For most of the prime-aged players who started the All-Star Game despite poor first halves, though, their presence can be explained by a good season the year prior. This phenomenon is fueled by baseball’s long-standing confusion over whether the All-Star Game is supposed to honor the players who played best in the first half of the season in question, those who played best since the previous All-Star Game, or simply the best players in general.Jeter falls into none of those three categories, but he will carry on the proud tradition of the legacy pick when he takes the field tonight.
When Jon Diebler arrived on campus in 2007, he was joining an Ohio State men’s basketball squad that had been in the National Championship the year before. At the time, the basketball program’s recent success left the incoming freshman with a chip on his shoulder. “We expected things to just be given to us,” Diebler said. “I mean, we worked extremely hard, but we didn’t do what we had to do to win enough games and get into the tournament.” That year, the Buckeyes went 24-13 and missed out on the NCAA Tournament, settling for a berth in the National Invitation Tournament. “But along with that, freshman year I think we all learned from it, from going to the NIT. It gave us a whole different perspective on things,” Diebler said. “We’ve come a long ways and I know we couldn’t be happier to go out with this team. We’ve got a pretty good team right now.” Three years later, the Buckeyes are the Big Ten champions, and the catalyst for their last two wins has been Diebler. After shooting a record-breaking 10-for-12 from beyond the arc against Penn State on Tuesday, Diebler again led the team in scoring after shooting 7-of-8 from 3-point territory in Sunday’s 93-65 win against Wisconsin. “We needed to pressure the strong hands, and we needed to get up a little, especially on Diebler,” Wisconsin coach Bo Ryan said. “When you hit 10, I thought we did a great job of holding him to seven.” Diebler, who participated in the Senior Night festivities before the start of the game, finished with 27 points, six rebounds and four assists. After the game, Diebler was having trouble figuring out why he’s been shooting so well lately. “I’ve just been getting a little bit of daylight, and (my teammates) are doing a great job of screening for me and getting me the ball,” he said. “I’m just fortunate enough to knock them down. I don’t even know how to explain it.” Diebler has now gone 17-for-20 from deep over the last two games, an 85 percent shooting display. Some basketball players are lucky to be that automatic from the free-throw line, much less from the 3-point line. “It’s an amazing run for him, and I told the team after the game that we were 14-of-15 from three and Jon apologized to everybody for missing,” OSU coach Thad Matta said. “All of the shots that he shoots, and all of the practice that he does, you know it’s very gratifying to see him shoot like that.” OSU set an NCAA record for 3-point shooting percentage in a single game with 93.3 percent accuracy from deep. “That’s, what, the first time in six or seven games that we’ve had the same guy lead us in scoring twice?” Matta said. “And I know this: Jon will score zero points for us; as long as we win, he’s fine with that.”
Ohio State senior attack Jackson Reid looks for an open shooting lane against Michigan on April 13, 2018. Ohio State won 8-5. Credit: Edward Sutelan | Assistant Sports EditorA rowdy No. 20 Michigan lacrosse team entered Ohio stadium today with one thought on its mind: to end Ohio State’s perfect 6-0 all-time record against it.Unfortunately for the Maize and Blue, Ohio State had a different result in mind and defeated its arch-rivals 8-5, marking its first victory inside The Shoe this season. It also snapped Ohio State’s five-game losing streak.Michigan’s confidence, due in part to the team owning its longest ranked streak in school history, was quickly suppressed when the Buckeyes (6-6, 1-2 Big Ten) came out of the gate with three rapid goals. Ohio State’s cohesive defense and aggressive offense made sure that it never gave up the lead to the No. 20 Wolverines (7-5, 0-3 Big Ten) and, amidst the roaring cheers of an enthusiastic home crowd, closed out the game with a refreshing win that broke its losing skid.“It’s special. I grew up knowing all about the rivalry, and I grew up a Buckeye fan,” Ohio State senior midfield Bo Lori said. “To go undefeated against those guys is special. I mean ultimately for this team right now we just needed that win, and it was a big win for us in this season, so that’s the most important thing.”Ohio State’s All-American sophomore attack Tre Leclaire paced the team’s offense, recording a hat-trick before the end of the third period. Five other Buckeyes found a home on the scoreboard as a result of a composed and dynamic offensive effort.Ohio State sophomore attack Tre Leclaire walks off the field with his teammates after scoring his first goal of the game in the first quarter against Michigan on April 13, 2018. Ohio State beat the Wolverines 8-5. Credit: Edward Sutelan | Assistant Sports EditorOhio State rattled the cage more than a few times, putting up 44 shots on goal, while its effective defense, spearheaded by senior defensemen Ben Randall and Erik Evans, held Michigan to just 23.Ohio State senior defenseman Erik Evans tries to block an incoming Michigan attack just off to the side of the net on April 13. Ohio State beat Michigan 8-5. Credit: Edward Sutelan | Assistant Sports EditorEvans, Lori and Ohio State head coach Nick Myers all agreed that Ohio State’s defensive success was a primary reason the offense came out firing on all cylinders. “We took a lot of confidence knowing the way our defense was playing, we did a great job battling for ground balls between the lines, I thought that was huge,” Myers said. “We came up with some loose balls, some transition goals. Faceoffs really picked up in the third quarter, but at the end of the day we left a lot of goals on the board.”Michigan’s offense was led by junior midfielders Decker Curran and Brent Noseworthy, who combined for three of five of the Wolverines’ goals. Defensively, Michigan’s senior goalie Tommy Heidt did the best he could, making 15 saves on the night, but was ultimately overpowered by the Buckeye onslaught.Michigan’s loss is its third in Big Ten play, while Ohio State broke new ground and recorded its first victory in the conference and kept its playoff chances alive. “This is a Big Ten win – they’re hard to come by at home, a much-needed win. I know this team’s got a lot of confidence and knows there’s a lot more out there for us,” Myers said.Next weekend, the Buckeyes will be put to the test when they hit the road to face No. 1 Maryland (9-1, 2-0 Big Ten) on its home turf.
Former Real Madrid manager John Toshack, came after compatriot Gareth Bale strong as he believes the winger should emulate Cristiano Ronaldo.Gareth Bale is not going through the best times at Real Madrid, his compatriot John Toshack doesn’t like the way in which he conducts himself and thinks that he should be more like Cristiano Ronaldo.The Welsh player is currently going through another recovery process from a muscular injury, something that has become very common with him at the club.Toshack believes that Gareth Bale is making efforts that are directly affecting his performance, he is convinced that the Welshman can do a better job of understanding his limitations on the pitch and avoid certain risks.What John is asking Gareth Bale to do, is very similar to the time when Cristiano Ronaldo finally understood that he didn’t need to run all across the pitch and all he required was to save his energy only for the most important moments.Bale is regarded as one of the most important players in Los Blancos’s history already, his goals and assists have been crucial during the most important matches for the club.”Gareth Bale needs to copy Cristiano if he wants to stay at Real Madrid” says John Toshack https://t.co/lLGWU0yRnn pic.twitter.com/fDNGNJuIfR— AS English (@English_AS) January 21, 2019“Cristiano plays as a winger, he scores and assists. There is no doubt that Gareth Bale already is one of the best players in football history,” said Toshack via Diario AS.“If he wants to remain as such, he should try to imitate Ronaldo. If you only look at what he’s accomplished, you quickly think what could’ve been if it hadn’t been for his unfortunate injury record.”“So, obviously, his experience can help him diminish his game a little bit and play in shorter parts of the pitch while reading better what’s going on.”“I really hope that he can do a lot more than what he is doing right now, because there is no doubt that you always need to start over when you recover from an injury.”“As far as his physical recovery is concerned, you always have to get back up and it’s almost as if you had to come back two or three times every season.”“This whole situation has been very difficult for him, and that gives him even more credit in my opinion.”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.“What we never imagined would happen with him were the injury problems that were detected.”“I mean, he has missed almost as many matches as he’s played and that has obviously slowed him down quite a bit,” he concluded.📻Toshack, sobre el estado de salud de Bale: “Es una pena para Gareth”➡https://t.co/PeNT9WXzNA pic.twitter.com/KY2sTYIZYf— El Larguero (@ellarguero) May 31, 2017To the people who don’t remember, John Toshack was the man who discovered Gareth Bale and the one who gave him his very first cap for Wales when he was just a kid.Born a Welshman as well, John Benjamin Toshack is arguably one of the most important figures for his country and arguably one of the biggest talent seekers in football history.Under his belt, Toshack has an amazing record of discovering players such as Iker Casillas, Xabi Alonso, and Gareth Bale himself.If the ‘Cardiff Express’ wants to keep performing at the highest leve, he needs to start listening to his body and realize that he can no longer make those sprints that usually set him apart from all the other players.Bale is a very talented player with the ball at his feet, there is no need to rely so much on your acceleration when you know that you are risking a new muscular injury every time to sprint.Gareth has impressive finishing skills, imagination to create football for his teammates and team leadership. It may be time for him to evolve as a player.John Toshack “I’d recommend British players to go out, leave the UK to learn other leagues & cultures. It is not easy but it’s valuable. With that said, Aaron in Turin should not make the same mistake that Bale did in Madrid: the local language must be learned immediately.” pic.twitter.com/187qK2SOek— Tarek Khatib (@ADP1113) January 6, 2019Do you agree with Toshack or should Gareth Bale remain the same type of football player for the rest of his career? Please share your opinion in the comment section down below.
Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, February 24, 2017 – Four men had their time in prison shortened by the Parole Board and were this week released. Tesney Louis of Haiti is a free man today, having served most of a four year sentence for accidentally shooting himself. Louis was reportedly in a row of some kind and went home to get his gun; upon returning he shot himself by accident. Louis would have been completed his time in October/November this year.Rubin Campbell was also given parole and will see his time cut short by 2 to 3 years. Campbell was found guilty of robbing TCI lotto of $20,000; he got 12 years in that guilty verdict and was originally due to come out of prison by 2020.Wesley Durmoney was convicted of aggravated burglary when he caught his girlfriend with another man, he had pulled a knife on the woman and for that he was sentenced to seven years. Durmoney was originally to be released in November; he got parole and will be deported to his home, Haiti.Dentery Penn also had his case reviewed by the parole board and would have been finished his sentence in July. Penn had been sentenced to five years for a firearms arrest.Out of twelve who applied to have their sentences commuted to time spent, four were granted early release by the Parole Board.#MagneticMediaNews Recommended for you ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT Related Items:#magneticmedianews The Luxury of Grace Bay in Down Town Provo
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, U.S., December 28, 2016. [Representational Image]Reuters fileAsian shares and US stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.S&P mini futures fell as much as 2.5 percent to nearly four-month lows in Asia, extending their losses from the record peak hit just over a week ago to almost 12 percent.MSCI’s broadest index of Asia-Pacific shares outside Japan slid 3.5 percent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1.6 percent.Japan’s Nikkei tumbled as much as 5.6 percent while Taiwan shares lost 5.3 percent at one point.Australian shares dropped 3 percent to their lowest since October while South Korean shares fell 3 percent.The rout came after US stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially higher inflation.”The amount of the sell-off that we are seeing is normal. The speed at which we are doing it is not normal,” said Michael Purves, chief global strategist at Weeden & Co in New York.”Where does the market rout end? I think we are pretty close to a selling climax here. I think we are pretty close. The fundamentals are pretty good. The only thing that is really different is that bond yields got up to 2.8 percent.”The benchmark S&P 500 slumped 4.1 percent and the Dow 4.6 percent, suffering their biggest percentage drops since August 2011 as a long-awaited pullback from record highs deepened.Before Monday’s fall, the index had not seen a pullback of more than 5 percent for more than 400 sessions, which analysts said was the longest such streak in history.”Since last autumn, investors had been betting on the goldilocks economy — solid economic expansion, improving corporate earnings and stable inflation. But the tide seems to have changed,” said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.The trigger for the sell-off was a sharp rise in U.S. bond yields following Friday’s data that showed U.S. wages increasing at the fastest pace since 2009, raising the alarm about higher inflation and with it potentially higher interest rates.The 10-year US Treasuries yield rose to as high as 2.885 percent on Monday, its highest in four years and 47 basis points above the 2.411 percent seen at the end of 2017.But a massive fall in share prices prompted an about-turn, and in Asian trade on Tuesday, it fell back to as low as 2.685 percent.Fed fund futures are now pricing in only two rate hikes this year.The CBOE Volatility index, the closely followed “fear-index” measure of expected near-term stock market volatility jumped 20 points to 30.71, its highest since August 2015.”For the last several months, whether it’s stocks or commodities, risk-takers had been the winners. And that’s what hedge funds, which now manage $3.2 trillion, have been doing,” Mitsubishi UFJ’s Fujito said.”Their leveraged position is now being unwound. And it seems as though there are still some people who haven’t run away (from the sell-off) yet. I would expect more instability,” he added.European shares also tumbled on Monday, with Germany’s Dax hitting a 4-month low.Yoshinori Shigemi, market strategist at JPMorgan Asset Management, said the specter of inflation will gradually undermine the attraction of equities even though the markets could rebound in the short term. A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. [Representational Image]Reuters file”In the end, the Fed will have to hike rates. And if it doesn’t, long-dated bonds will be sold off on worries about inflation. Either way, that is going to slow down the economy. Rising wages also mean corporate profit margins will be squeezed gradually down the road,” he said.Keen to avoid further risk, investors are closing their positions in other assets, including the currency market where a popular strategy has been to sell the dollar against the euro and other currencies seen as benefiting from higher interest rates in the future.The euro eased to $1.2358, not far from last week’s low of $1.2335, a break of which could usher in a further correction after its rally to a 3-year high of $1.2538 by late last month.Against the yen, which is often used as a safe-haven currency because of Japan’s solid current account surplus, the dollar slipped 0.3 percent to 108.69 yen, after having lost one percent on Monday.Bitcoin was not spared from selling, hitting a 12-week low of $6,400. That represented a 67.5 percent fall from its record high of $19,666, touched on Dec. 17.Investors also dumped junk bonds, with the yield of Merrill Lynch U.S. high yield index rising to 6.017 percent from 5.964 percent at the end of last week.Still, it was far below its 2016 peak just above 10 percent, when low oil prices hurt energy firms.Oil prices also dropped, with international benchmark Brent futures hitting a one-month low of $66.90 per barrel on Monday. It last stood at $67.02.US crude futures traded at $63.56 per barrel, down 0.8 percent in Asia.
U.S. Rep. Beto O’Rourke, D-El Paso, made news this summer for achieving a long-held goal in his campaign for U.S. Senate — visiting all of Texas’ 254 counties.That’s a lot of travel time, and the news made us — and our readers — wonder why Texas has so many counties. Texas is the second-largest state in both area and population, but it has 95 more counties than any other state.Georgia, with 159, has the second most. Delaware, with three, has the fewest. California, which has the largest population, has just 58 counties.So why does Texas have so many?Basically, Texas is big, and the state’s founders wanted to keep its local governments small. In the state’s early days — Texas became a state in 1845 — Texans needed to be close to those local governments, which were responsible for courts, jails, schools and roads, said lawyer David Brooks, who specializes in Texas county government.Brooks said counties needed to be small enough that residents could travel to and from their courthouse in a day on horseback to do business. Most farmers couldn’t afford to take more than one day off to travel to the county seat.As the state expanded throughout the years and the population increased, the number of counties did, too. The earliest counties in Texas history were called municipios and date back to Spanish rule, according to the Texas Association of Counties. There were 23 municipios in what’s now the southeastern part of the state.Texas became independent in 1836, and the municipios became counties. As settlers moved west, Texas added 14 new counties in under 10 years. When Texas joined the United States, the number of counties went from 37 to 67.When Texas sold land to the United States as part of the Compromise of 1850, another nine counties were added. By 1860, there were 152 counties in the state.Growth slowed during the Civil War and picked up again after Reconstruction, according to Kathryn Siefker, curator at the Bullock Texas State History Museum.The Constitution of 1876, which is what much of Texas state law today is based on, set requirements for Texas counties. New counties had to be at least 900 square miles and, whenever possible, laid out like a grid.Land known as the Young Territory in the Panhandle plains was split into 54 counties that year, which is why northwest Texas counties are squares and rectangles. The borders of older counties in the southern part of the state follow natural boundaries such as water basins, Brooks said.During the end of the 19th century, Texas’ larger counties in the western part of the state were split into smaller units as the population grew.“They found it would be better to go smaller or increase the amount of counties,” Siefker said.The state’s last county, Loving County, was added in 1931.The bottom line: Texas has 254 counties because it’s so big — with about 28 million people and over 268,00 square miles, it’s the second largest state in both population and area. Texans followed a guideline that no one should be more than a day’s travel from their courthouse, keeping the counties relatively small.Disclosure: The Texas Association of Counties and the Bullock Texas State History Museum have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here. Share
Top Stories Arizona Cardinals running back Jonathan Dwyer was released from the Fouth Avenue Jail in Phoenix just before 5:00 a.m. Thursday morning, about 12 hours after he was arrested on charges of aggravated assault against his wife and 18-month-old son.The two incidents took play on July 21-22. Police Sgt. Trent Crump said Wednesday both were physical altercations. In the first, Kayla sustained a fracture. In the second incident, Dwyer allegedly threw a shoe at the couple’s 18-month-old son. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling Comments Share Dwyer’s wife and child left Arizona shortly after the incidents.The 25-year-old player posted a cash bond of $25,000. While leaving the facility, a media member asked Dwyer if he had thrown a shoe at his young child. “I would never hurt my son,” he replied.When asked if he would play football again, Dwyer responded simply “I will.”Dwyer was deactivated from team activities by the Cardinals Wednesday, just four days before their home game against the San Francisco 49ers at University of Phoenix Stadium. Former Cardinals kicker Phil Dawson retires
Sky will launch a new Roku-powered Now TV box later this year, giving users access live linear TV channels for the first time, alongside on-demand content.The revamped, hybrid set-top box will let Now TV customers access more than 60 live, free-to-air TV channels – as well Now TV’s on-demand packages of content and other web-powered services like the BBC iPlayer, All 4, YouTube, Facebook and Spotify.Sky will be the first company to deploy the Roku-produced box, which will also be available to other operators as part of the ‘Roku Powered’ partnership programme.Roku’s vice president of pay TV, Andrew Ferrone, said that the new set-top will allow operators to “bridge the gap between linear broadcast and streaming TV services”. Gidon Katz, director of Now TV, added the device will be a “one-stop box to get a contract-free, flexible way of watching the best of pay TV and free-to-air content all in one place.”Customers using the current generation of Now TV box will get a new user interface from February, which will include a new homepage and editorial recommendations of what to watch on Now TV.Separately, Sky announced today in its fiscal second quarter results that it will launch a new Sky+HD box in Germany and Italy later this year, featuring updated features and technology.“The box will be compatible with Sky Q functionality, giving our customers the ability to access Sky Q features,” said Sky.In the UK and Ireland the new, advanced Sky Q TV service will launch in February and will sit alongside Sky+HD and Now TV as one of three products available to customers.Announcing pricing details today, Sky said that set-up costs for Sky Q will start at £99 and the typical monthly cost for Sky+ customers will be “around £12 [€16] extra compared with their current Sky+ package.”For new customers joining Sky, the ongoing monthly cost for the Sky Q bundle will be £42. A Sky Q Silver bundle – which lets users watch Sky TV in more rooms, stream to more tablets and record and store more content – will cost £54 per month. Adding Sky Movies will cost £17 extra per month, Sky Sports will cost £25.50 extra and both together will cost an added £34.50.“The launch of Sky Q will redefine our top-end TV experience and extend our market-leading portfolio of products to serve the needs of every customer,” according to Sky group CEO, Jeremy Darroch.Sky first unveiled its Sky Q home entertainment system at a launch event in London in November. Sky Q lets viewers pause content on one TV screen and pick up in another room, save recordings onto a tablet to watch anywhere, and watch different programmes on up to five screens simultaneously whilst also recording four other channels.Sky Q is also Ultra HD-compatible, with Sky planning to launch “the UK’s most comprehensive Ultra HD service” later this year.
In This Issue.*Currencies carry rally throughout Wednesday. *A$ trades though 200-DMA! *Canadian economic data continues to be strong. *Putting the kyboshes on a Swedish rate cut!And, Now, Today’s Pfennig For Your Thoughts!Cheap Currencies Don’t Guarantee Strong Exports!Good day. And a Tub Thumpin’ Thursday to you! How was your Wonderful Wednesday? I went to the Cardinals NLCS Game, and after sitting out and waiting 3 ½ hours of a rain delay, (which began in the 7th inning) was rewarded with a 3-1 victory. So, not too shabby. But. a late night for me on a school night for sure. So, I seem to be running late this morning for some reason, but don’t worry, I’ll try to make up the time in the air!Well. the Currencies continued to push the envelope VS the dollar yesterday. The Aussie dollar (A$) was really kicking sand in the face of the U.S. dollar yesterday, gaining over 1 full cent on the day! So. all those traders that sold their A$ futures in the past two weeks, are piling back in, I bet! The euro stalled out just above 1.31. But the rest of the “little dogs” were off the porch and chasing the dollar down the street.But that was yesterday, I had the world in my hands, But it’s not the end of my world, just a slight change of plans. Ooops! I don’t know what starts these fat fingers down these lyric roads, but here I am doing it again! But seriously. That was yesterday. and some of the currencies are still gaining VS the dollar, and some have stalled out. for they need the Big Dog, euro, to run with them, and like I said above, the euro stalled out just above 1.31.The A$ blew right through its 200-day moving avg yesterday, and touched $1.04 this morning. The latest push coming from economic news coming out of China. I told you yesterday, that China’s 3rd QTR GDP was due to print, and print it did! The Chinese economy expanded 7.4% in the 3rd QTR VS a year ago. The consensus was for a 7.4% increase, but I was hoping for a little more as I told you I thought it would be around 7.8%… (and it was +7.8% “Real GDP, whatever that is!) But that wasn’t all for China.Chinese Industrial Production, and Retail Sales also printed strong numbers for September, thus indicating that China’s economy has turned the corner on its Gov’t generated slowdown. If you’re keeping score at home, Chinese Industrial Production gained 10% in September, and Retail Sales grew at a 14.2% clip. Now that’s strong! And if you only want to believe ½ of what the Chinese report, the 7.1% increase in Retail Sales is still cooking with gas!So. the risk sentiment is strong. except with Gold & Silver. These two have been left behind at the station, and the Love Train carrying the currencies has departed. This improved risk sentiment, is not playing well with the U.S. Treasury yields. The 10-year Treasury’s yield has risen to 1.80%… (just a couple of weeks ago it was 1.64%) and remember, when the yield rises in a bond, the bond’s price goes down. But we’ve seen these moves higher in yields before, and every time, the Fed steps in and squelches any attempt to take yields even higher. The bond markets used to be able to direct yields. But with the Fed buying as much as they can these days, remember they participated in 61% of the Treasury auctions last year, there’s not much the bond markets can do. Although I would still love to see them try!In Sweden overnight. an article in a Swedish newspaper, really threw cold water on the markets’ thoughts that the next move in rates would be down. Sweden’s Central Bank, The Riksbank, and the Riksbank Gov. Ingves was in the news. In and interview for the newspaper, Ingves warned that household and corporate indebtedness must be considered when setting rates. These words were like a dagger in the heart of the rate cut campers, and the Swedish krona rallied! The Riksbank meets next week, and I would bet a dollar to a Krispy Kreme that the Riksbank would leave rates unchanged at that meeting. That would be good for the krona. But remember, the krona, the Norwegian krone, and Danish krone, all need the euro to push against the dollar for these to move higher. For now that is. I keep telling you time and time again that one day, the markets will wake up and smell the coffee. the coffee that says these countries fundamentals are not Greece, Portugal, and so on. But until then, they get tarred with the same brush as the euro.Remember yesterday when I was talking about the Canadian dollar / loonie and saying that the fundamentals there continue to be strong, and that’s why the markets keep the loonie above parity, even though the Canadian Gov’t and Central Bank don’t like it one iota? Well. more strong data has printed in Canada. Take Canadian Manufacturing, was rose at a faster than expected clip of 1.5% in August. And then here’s something that the Canadian Gov’t and Central Bank are going to have to stop and think about. Exports are up in Canada. Even with the stronger than parity loonie! Look. let me set this straight for Mr. Carney (Bank of Canada Gov.). if you have items/ stuff, that other countries demand, the price of your currency isn’t the “all-in” of everything that goes into the valuing of the export. You can ask the Germans about this. Yes, they would love to see the euro around 1.20. But, when you make things of value, and they are in demand throughout the world, you can live with a stronger currency. There’s no need to go jimmying the currency’s value lower so your exports can be more competitive. this goes out to all the other Central Bankers that are trying this debase your currency so exports are more competitive game. HEY! Make something of value, and you don’t have to jimmy the price of the currency lower!The news out of the Eurozone continues to have a calming effect. But an article in the Financial Times (FT) just might begin to stir things up. The FT reported that “plans to create a single euro area banking supervisor (the European Central Bank / ECB) are illegal. The FT claims that they obtained a secret legal opinion for the European Union Finance Ministers. I would say that this probably has a lot to do with the stalling out of the euro this morning.I think, as we go along here, that there will many of these seemingly setbacks. But, as long as the Eurozone Leaders keep their heads down, and keep working toward a resolution of their debt problems and bond yield problems, that things on the “other side of all this” will be better.At least they are trying something! And maybe they’ll be wrong, and have to go back to square one, but at least they tried! Here in the U.S. it’s just carry on and keep piling up debt. I know you all are tired of hearing me harp on about our ever-increasing debt. But, unless someone does something about it, we have to keep this in our sights, so we aren’t standing there holding the bag, when the you know what hits the fan!And with that. my TTWS story today is from our former General Accounting Head, David Walker, who has taken his thoughts across the country, and put them in a book. But, just for you, dear reader, we’ll have David Walker talk to us today. So, let’s go to the Big Finish!Then There Was This. from Moneynews.com. “The overwhelming majority of Americans feel fiscal reform should take priority this election season, though few expect it to happen, said David Walker, former Comptroller General of the United States and current CEO of the Comeback America Initiative, which promotes fiscal reform and responsibility.Walker recently concluded a “$10 Million a Minute Tour” bus tour, named after the speed at which unfunded promises are climbing, and reached out to Americans in 16 states and the District of Columbia to convey to largely undecided voters issues surrounding fiscal reform in the country.“We found out 97 percent of the people we interacted believe our fiscal challenge is a major challenge and should be a top priority for the presidential candidates as well as other candidates for office, yet only 8 percent have confidence in their ability to work together to get something done in 2013,”“Eighty-five percent believe that it’s going to take a combination of spending reductions and additional revenues to get the job done. We talked about reforms in eight different areas, including social insurance programs, taxes, defense, budget controls, political reforms – the minimum support we got for the reforms was 77 percent.”Chuck again. OK. so more people in the country are realizing that going from $15 Trillion in debt to $16 Trillion in just 10 months is getting out of hand. But, I have to think that those calling for spending reforms, are not the ones receiving the payouts from the Gov’t. And then the biggest thing here is the question. “will lawmakers listen to the voters?” I doubt it. but there’s always a chance, right?To recap. The currency rally continued throughout the day Wednesday, and in the overnight markets, but left some currencies behind, as their respective rallies stalled out. The euro stalled out, probably on a story in the FT about a plan to give the ECB more power is illegal. Canada continues to print strong economic data, in spite of a stronger than parity loonie, and the A$ rallied back to $1.04 overnight, before giving up some of that gain this morning, probably on profit taking.Currencies Today 10/18/12. American Style: A$ $1.0385, kiwi .8210, C$ $1.0220, euro 1.3105, sterling 1.6135, Swiss $1.0840, . European Style: rand 8.6365, krone 5.6210, SEK 6.5365, forint 211.60, zloty 3.1345, koruna 18.8765, RUB 30.75, yen 78.35, sing 1.2175, HKD 7.7505, INR 53.41, China 6.2460, pesos 12.80, BRL 2.0305, Dollar Index 79.14, Oil $92.15, 10-year 1.80%, Silver $33, and Gold. $1,742.85That’s it for today. I was startled this morning, as I arrived at the office, I turned on the lights, and voice said, “Good morning, Chuck” Whoa! I’m always here by myself in the morning! But one of our Wealth Mgt. gurus, Joseph, was here working, and startled the heck out of me! Whoa! My heart can’t handle that stuff! HA! So, our Big hitter, goes out of the game in the first inning, and the guy that replaces him hits the game winning 2-run home run! He crushed it! Talk about a good replacement! The Cardinals rarely beat S.F’s Matt Cain, so that was a good game. My dad told me years ago, that in these series, the odd games are the most important. and we have won both odd games so far. Well, I made up the time in the air, and got you to your destination on time, but, now we have to wait for a gate to open up! HA! I hope you have a Tub Thumpin’ Thursday. I need to go back to sleep!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.com
The easiest way to turn your kids into geniuses, by the time they’re seven, is just to front-load huge amounts of experience, including dangerous experience. Like Gatto, I believe that the real dangers for your children lie in government schools, and even in private schools that function on the same model. Here’s what Gatto says on the subject: Growth and mastery come only to those who vigorously self-direct. Initiating, creating, doing, reflecting, freely associating, enjoying privacy—these are precisely what the structures of schooling are set up to prevent, on one pretext or another. Yes, I understand that people are pushed, economically, to put their children into public schools. If you feel like you’re in that position, make sure that you tell your children how the system is set up to condition them. Teach them that understanding is far more important than memorizing. Back them up if the teachers give them grief. Let people talk about you. Your children should understand, very clearly, that teachers and principals are just average people doing particular jobs; that they are merely another neighbor to the people on their street. Some of them are good people, others are bad people, and a title is just a title – it means nothing more. Teach your children to be bold, let them learn how to fall and rise again. Of course you want to let them encounter dangers slowly, and you’d never put them in positions to get truly hurt, but you should be nothing like the über-parents who surveil their children’s every move, in terror that poor little Johnny will encounter something that hasn’t been sanitized for his protection. I’ll leave you with one last quote from John Taylor Gatto: something that applies both to schooling and the larger world: After a long life, and thirty years in the public school trenches, I’ve concluded that genius is as common as dirt. We suppress our genius only because we haven’t yet figured out how to manage a population of educated men and women. The solution, I think, is simple and glorious. Let them manage themselves. Resist the fear, my friends. Paul Rosenberg FreemansPerspective.com One of the worst things that has been done to children over the past generation or two has been insulating them from anything that could possibly have any danger attached. Parents keeping their children under permanent watch has become “what people do.” And it’s a BIG mistake. I know why the parents have done this, of course – we live in a fear-based culture, and it has rubbed off on them. But the reason they have caved in to fear is not important – what matters is that they have harmed their children. Children – at some point in their upbringing – need to confront danger; they need to explore; they need adventures. At one time, parents knew this. It wasn’t too many years ago when parents let their kids go off into the woods by themselves, with rifles. If that was really so horribly dangerous, half of us wouldn’t be here. Is it scary to watch your children walk into a subway station? Or out into the woods? You bet it is! But you have to do it anyway. Calculate the risks, pick your times, pick your spots, watch them from a distance if you must, but let them go out and face the world. Remember, fear is merely an impulse, and it can be based on lies, distortions, or even on nothing at all. It’s a crazy thing on which to base your children’s lives. A new German study shows clearly that adventure shapes the individual. As one of the researchers concluded, “Living our lives makes us who we are.” Your children need to live, and not merely exist inside of a fear-inspired bubble. The study also indicates that exploration and adventure not only affect personality development, but also brain growth. I’m not alone in this opinion, of course. Here are two quotes from John Taylor Gatto, a home school advocate and one of the finest teachers of modern times (one of the most awarded too, ironically enough): Sensible children do not wish to be incomplete human beings. And so, when you impose a stage theory of human development upon them, you are, in effect, tormenting them; you’re limiting their opportunity… Don’t be your kid’s enemy, because that’s not a kid, that’s your fellow human being. Be a partner, and enlarge their opportunities.
National Oceanic and Atmospheric Administration experts spoke Thursday at the National Water Center in Tuscaloosa about potential historic spring flooding. This was the first time the team led their efforts from Tuscaloosa.Director of the National Water Center Ed Clark said that unfortunately the violent storms, dangerous winds and heavy rain are far from over.“The major flooding that we have already experienced across the lower Missouri and to the lower Mississippi Valley is a preview for what we expect through the rest of the spring. In fact, we expect flooding will get worse and more widespread in the coming months,” Clark said.NOAA’S spring flood outlook helps people prepare for flood threats. 200 million people across the US are at risk for minor flooding, 40 million for moderate and 13 million for a major flood event.Director of Office of Water Prediction Thomas Graziano said Alabama is one of the states at risk.“If we get any more events which I’m sure we will during the course of the spring, where we get significant rainfall we’re going to see significant runoff, elevated flows. And if we get enough rainfall and runoff we’re going to see additional flooding,” GrazianoThe upcoming rainfall may cause a potentially historic spring flood threat.Director of National Water Center Darone Jones said floods may be the worst Alabama has seen since 1993.“It’s been an above normal, greatly above normal, precipitation year here. Just looking back at the end of February we had 6 to 10 in of rain through parts of Mississippi, Tennessee and Alabama,” Jones.NOAA and the National Water Center want to make sure everyone stays safe.“Just being vigilant and being prepared. Because it’s not a matter of if it’s a matter of when,” Jones said.Ed Clarks recommends monitoring flooding conditions in your area at water.weather.gov.