Samwad Yatra begins on peaceful note

first_imgPro-reservation Maratha outfits on Friday launched the ‘Samwad Yatra’ in a bid to keep up the pressure on the ruling Bharatiya Janata Party (BJP) government. Leaders of the Maratha Kranti Morcha, which is spearheading the stir, decided to go ahead with the yatra despite Chief Minister Devendra Fadnavis’s assurance that the process of granting quota to the Maratha community would be completed by December 1. The leaders of the stir have demanded that the State government grant Marathas a quota under the Other Backward Classes (OBC) category, and not as separate ‘Maratha community’ which they fear will not pass muster in court.At the same time, MKM leaders assured that the Maratha community had no intention of snatching any benefits currently being availed by the other backward classes.“We want the Fadnavis government to include us in the OBC category and not push for our reservation as ‘Maratha community’ members. This can be achieved by expanding Maharashtra’s reservation limit which currently stands at 52%,” said Shantaram Kunjir, a Morcha coordinator from Pune heading the ‘Samwad Yatra’.Raghunath Chitre-Patil, another convener, said in 2014, the Congress-Nationalist Congress Party (NCP) government had approved a 16% Maratha quota which could not endure as it was reservation “on lines of a caste/community” and not along economic lines.“The Congress-NCP government announced a quota for the Maratha community just as the elections were round the corner. What was more damaging was that by not arguing for our inclusion within the OBC, the government could not put up a convincing argument in court on the backwardness of a majority of the Marathas,” Mr. Chitre-Patil said. Vinod Patil, a pro-quota activist who filed the petition in Bombay High Court, urged for extending the State’s reservation limit to ensure fairness and preserve inter-caste harmony. “The OBC category constitutes 32% of the total reservation. We are demanding a quota under the ‘OBC’ category, but not at the cost of eating into reservation of the other economically and socially backward communities. So the government must expand the reservation limit by including the Marathas under a separate OBC category. Say for instance, if the backwards classes under the OBC category are collectively labeled ‘A’, then the Marathas may be labeled as ‘A1’ under the same category,” opined Mr. Patil.The yatra commenced with a formal ceremony at the SSPMS ground in Pune, with hundreds of protestors demanding that the current government fulfil all demands of the Maratha community including fee waiver for Maratha students and death sentence to the perpetrators of the heinous 2016 Kopardi rape-murder — the trigger for the Maratha quota movement. The yatra moved to Saswad, 30 km from Pune, to join other pro-quota protestors who completed 100 days of agitation on Friday.Unlike the jarring bursts of violence and arson that marked the State-wide shutdown on August 9, the first phase of the new stir commenced on a peaceful note. The agitators however, reasserted their intention of converging on the Vidhan Bhavan in Mumbai on November 26 if the State government failed to break the reservation impasse.The Kopardi incident in 2016 had spurred a wave of nearly 60 ‘Muk Morchas’(silent rallies) for two years across the state, while buttressing the community’s claim for Maratha reservation and a curb on the misuse of the Atrocity Act.On Thursday, speaking at a function in Ahmednagar, Chief Minister Devendra Fadnavis had reiterated his promise of resolving the Maratha quota issue within the next fortnight while urging the Maratha community to get ready for celebrations on December 1 instead of gearing up to launch fresh agitations against the State government.last_img read more

Dozens of hearses to take Colombia crash victims toward final flight home

first_imgDozens of hearses carrying the coffins of those killed when a plane flying Brazil’s Chapecoense soccer team crashed into a Colombian mountain will leave Medellin for the airport on Friday to be flown home. (Colombia and Brazil football teams join in tribute after plane crash)The disaster on Monday night killed 71 people and shocked soccer fans the world over. It appears that the LAMIA Bolivia BAe146 airliner ran out of fuel, lost electrical power and was preparing for an emergency landing as it smashed into the mountains in central Colombia. (Bodies of Brazilians killed in Colombia crash expected back on Friday)Only six on board the flight survived, including three members of the soccer squad en route to the biggest game in their history: the Copa Sudamericana final. (Colombia crash: Plane carrying Chapecoense players was running out of fuel)The tragedy plunged Latin America’s largest nation, Brazil, into mourning as it reels from a deep recession and political crisis. Video footage of the team seated before takeoff showed them laughing and pulling faces at the camera.The bodies and ashes of five Bolivians will leave shortly on a Hercules aircraft and those of a Venezuelan on a commercial flight. The remains of a Paraguayan victim left Colombia late on Thursday. (From Wayne Rooney to Neymar, soccer world sends condolences to Brazil’s Chapecoense after air crash)A convoy carrying the dead Brazilians will leave the funeral home in Medellin later on Friday for the journey along a mountain road to Rionegro airport, where the victims will be flown back to Brazil. (Rivals rule out final league game against Chapecoense)advertisementIn the club’s small farming hometown in southern Brazil, workers erected temporary structures in the stadium to shelter the coffins of 51 victims – players, staff and journalists – expected to arrive at night for an open-air wake on Saturday.Some 100,000 fans, about half the city’s population, are likely to attend, as is Brazilian President Michel Temer and Gianni Infantino, president of world soccer governing body FIFA. (Brazilian clubs offer to loan players to Chapecoense after plane crash)Roberto Di Marchi came to Colombia to escort the body of his cousin Nilson Folle Junior, 29, a director of Chapecoense, back home.”He always travelled with the team, to every game, he was a fantastic person, he was so dedicated and loved the Chapecoense,” Di Marchi said at the funeral home, adding Folle’s father was one of the team’s founders.Two of the Bolivian flight crew and a journalist also survived along with the three players. They remain in hospital.”Authorities are working on the diplomatic paperwork around the clock to ensure that by 10 at night all the bodies are returned to their families,” Colombian police commander Colonel Jose Contreras.Two black boxes recovered from the crash site on a muddy hillside in wooded highlands near the town of La Union are due to be sent this week for examination by experts in Britain, where the jet was manufactured.Colombian aviation officials said the absence of fuel at the crash site and in the plane’s tubing indicated it had completely run out of fuel.last_img read more

Photo: ESPN’s Chris Fowler Got A Selfie With Jim Harbaugh And Urban Meyer At Dick Vitale’s V Foundation Gala

first_imgJim Harbaugh addresses a group of reporters.Not many people in the sports world can bring Jim Harbaugh and Urban Meyer toghether, but Dick Vitale is one of them. The legendary college basketball analyst hosted his annual V Foundation gala last night, and many top figures in the college sports world turned out, including the rival Michigan and Ohio State coaches. Harbaugh and Meyer actually teamed up on stage to announce the winner of a raffle for a 2016 Mercedes Benz, and later took a selfie with ESPN’s Chris Fowler.Yes @OhioStateFB Urban Meyer & @umichfootball Jim Harbaugh are on stage together @DickieV gala @TheVFoundation pic.twitter.com/dp3bKQ8TRt— Josh Krulewitz (@jksports) May 14, 2016OK, this Harbaugh/Meyer selfie is focused better. So I’ll also share it for posterity, never to be recreated! pic.twitter.com/siZZt5LXaF— Chris Fowler (@cbfowler) May 14, 2016 That is quite the photo. At the end of the night, Vitale announced that the gala, which honored the late Chad Carr, had raised an estimated $2.8 million for pediatric cancer research. A wonderful job by Dickie V, and everyone else involved with the gala this year.last_img read more

Photo/Video: LSU Football Visited Flooding Evacuees This Afternoon

first_imgLSU football's Les Miles visits flooding evacuees.Twitter/@LSUfootballFor LSU football, today was a day to give back to a community still reeling from devastating flooding.The LSU football team took a break from training camp today to give back to those in need. Head coach Les Miles and his players visited the Celtic Media Centre in Baton Rouge to spend time with evacuees from the serious flooding that has plagued the area.Other LSU teams, such as men’s basketball, women’s volleyball and baseball, visited Celtic earlier in the week.The LSU Football team arriving at Celtic Media. pic.twitter.com/RrWhJoyH1Z— LSU Footbal (@LSUfootball) August 18, 2016Some of the media in attendance, including The Advocate’s Ross Dellenger and CBSNews’ Alyssa Estrada, also shared photos and footage. “Y’all got the best team this year, coach.” #LSU pic.twitter.com/y9hrCItlBZ— Ross Dellenger (@RossDellenger) August 18, 2016Awesome job by Miles and his team, and really the entire LSU athletic department, for giving back to their community.It looks like they were able to put a smile on the face of people who could really use one.last_img read more

Cesar Millans Hints For A Happy Hound On Independence Day

first_imgCesar Millan gave some handy hints in the Huffington Post prior to Independence Day on how to keep your pets happy during fireworks and celebrations.“Whether it’s a huge show put on by a city or just the neighbors setting off firecrackers in the backyard, it can be a loud experience, and very frightening and stressful for our dogs. More runaway dogs are rounded up in the days after Independence Day than at any other time. Running away is just one possible result of a dog’s reaction to a sudden loud noise.“When a dog is not calm and balanced, it will react to a stimulus in one of three ways: fight, flight, or avoidance. It will attack, run away, or hide. “Flight” and “avoidance” may sound like the same thing, but they’re not, and the difference is important. A dog in flight will run away from everything, while a dog avoiding will go to a familiar, safe place, like under a bed or into its kennel.“All dogs react differently to the noise of fireworks. If you’re lucky (or have prepared your dog properly), then they’ll just ignore them. Barking at the sound is also a common reaction of the “fight” sort. Trying desperately to get out of the house by scratching at walls or doors or running around is flight, while disappearing into a safe “den” is avoidance.“The first thing to remember when your dog is in any unbalanced state is to withhold affection. This can be difficult to do, but it’s best for your dog in the long run. If you pick up or hold a dog that’s scared and try to pet and reassure them, this will not calm them down. All it does is tell them that you approve of their mental state at that time. Give affection to a frightened dog and you will teach your dog to be afraid of everything.“Ideally, you should prepare your dogs well ahead of time for the loud noises of fireworks by gradually desensitizing them — playing the noises of fireworks while distracting them, for example. If you haven’t had a chance to do this, then there’s still time between now and the Fourth to get ready. Here are some things you can do:1. Relocate
If your dog does react badly to fireworks, try to arrange to keep her in a place where there won’t be any loud displays, such as at a friend’s or relative’s house, or at a professional dog boarding facility with which your dog is familiar. If the place is unfamiliar, try to take your dog there a few times before the holiday so it won’t be a big surprise when you leave her there on the day of.2. Exercise
If you can’t arrange for your dog to be elsewhere, then take him on a long walk before the festivities start in order to drain his energy, making him less likely to become excited when the fireworks go off. Your dog should be completely exhausted, leaving his brain tired enough that he won’t be able to concentrate on the noise.3. Disguise
No, this doesn’t involve putting a funny mask on your dog. Disguise the sound of fireworks by using dog-safe ear protection, like Mutt Muffs, which go over a dog’s ears like headphones. Note that you should never use any kind of plug that goes inside of a dog’s ear. Since the openings are so much larger and deeper than in human ears, it would be very easy to lose an earplug inside, leading to a trip to the vet. Blocking the noise, though, may help minimize reactions to it.4. Distract
When the fireworks go off, try engaging your dog in obedience behavior, having her do whatever tricks you’ve taught her for treats. If you have a treadmill, now is a great time to have your dog walk on it — the forward motion will re-direct her brain away from the fireworks and focus it on the physical action. Finally, scent is another great way to distract your dog by engaging her nose.5. Restrain
It can help to keep your dog on-leash, even indoors, during the fireworks — but especially if you have to be outdoors. This will give you control over him, and keep him from being able to run away if his reaction is flight. It is also very important that your dog wears proper I.D. at all times, as well as has a microchip, in case he does run away.6. Maintain
Remember, it is up to you to show calm, assertive leadership when the loud noises start. If you go about your business and don’t make a big deal about it, you’ll help your dog to understand that nothing terrible is going to happen. By not altering your routine, you help make the fireworks part of that routine for your dog.“Most of all, know your dog and know what to expect. If your dog is the type to try hiding from the noises, then have a kennel ready in advance so she has a safe place to run to. If your dog tends to get hyperactive or aggressive, then plan ahead with plenty of exercise.”To read more of Cesar’s hints, read his blog on HuffingtonPost.com.last_img read more

Church services in Sri Lanka to resume from May 5 Cardinal

first_imgColombo: Public mass in the terror-hit Sri Lanka would resume in certain Catholic churches from May 5 and no bags will be allowed inside as part of the tight security measures, according to Cardinal Malcolm Ranjith. All public church services were cancelled after the Easter Sunday bomb blasts that ripped through three churches and high-end hotels, killing 253 people and injuring 500 others. The prelate said on Monday that vigilance committees formed by the residents of the parish would be responsible to identify individuals who enter their respective churches and parishioners will have to confirm their identity before entering a church. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: Report The cardinal, who conducted a private memorial mass on Sunday fearing repeat of the Easter attacks, told media that bags will not be allowed to be taken inside the churches owing to security measures. President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe’s had also attended the private memorial mass. Commenting on Prime Minister Wickremesinghe’s statement that the bombings could have been averted had the Counter-Terrorism Act been in force, he said that amending the Prevention of Terrorism Act (PTA) is better than bringing in a new piece of legislation to counter terrorism, the Daily Mirror reported. Also Read – Iraq military admits ‘excessive force’ used in deadly protests It is easier to amend the existing legislation rather than bringing in a new one. Effective measures should be taken to apprehend the individuals and groups responsible for these attacks in order to prevent people from taking the law into their hands,” he said. The religious leader said a new government comprising all parties should be appointed. “No party should think of elections at this moment. We will even have to take to the streets and lead peaceful protests if the government continues to handle the situation in the manner it presently does. Action should be taken against ministers and MPs if they were found guilty of being part of the Easter Sunday bombings,” he was quoted as saying in the report. Cardinal Ranjith said he wasn’t consulted prior to the appointment of a presidential commission to probe security lapses that led to the Easter bombings. We are oblivious to the backgrounds of the members in the commission. We urge the government to appoint another commission comprising religious leaders. Buddhist clergy is eligible to lead such a commission as they will look into the matter impartially, he said. Meanwhile, the Cardinal refused to accept a bullet-proof vehicle provided for his security by Prime Minister Wickremesinghe, saying what matters most at present is the safety of people. He also reiterated that much needs to be done to restore normalcy, Times Online reported. A total of 106 suspects, including a Tamil medium teacher and a school principal, have been arrested in connection with the Easter Sunday blasts. The Islamic State claimed the attacks, but the government has blamed local Islamist extremist group National Thowheeth Jamaath (NTJ) for the attacks.last_img read more

Ohio State womens basketball holds on for 9793 win at Michigan

OSU sophomore guard Kelsey Mitchell (3) drives to the hoop while Purdue freshman guard Tiara Murphy (3) drives to slow her down in a game on Jan. 17 at the Schottenstein Center. OSU won, 90-70. Credit: Kevin Stankiewicz | Asst. Photo EditorBeing questioned as one of the nation’s true elite teams for its paltry 2-3 record on the road before Thursday, No. 7 Ohio State came into Ann Arbor, Michigan, wanting to prove to the country, the conference and more importantly, itself that it can play as well away as it can in Columbus.While it wasn’t an entirely convincing performance, the Buckeyes (14-4, 6-1) were able to overpower Michigan (11-7, 3-4) 97-93 behind a very efficient 27 points from sophomore guard Kelsey Mitchell.The game belonged to the Buckeyes at the beginning. Coach Kevin McGuff incorporated a full-court press to the Scarlet and Gray’s defensive scheme, which helped force a total of 18 turnovers that led to easy baskets.In the first quarter, along with having problems against the press, Michigan was unable to produce strong defensive possessions. When the high-scoring Buckeyes were able to move the ball around, they had no trouble finding open looks.The Wolverines woke up in the second quarter, making smarter decisions and slowing down OSU. Senior forward Kelsey Mitchell — of no relation to OSU’s Kelsey Mitchell — dropping 12 points in the first half fueled their offense.Michigan was able to keep the Buckeyes from making a shot for nearly four minutes, propelling the Wolverines to a scoring run. Once the Wolverines were able to produce on offense, they were able to focus and decrease the deficit to seven points going into the locker room.The Buckeyes first-half scoring was led by their typical leader, Mitchell, who was on fire and dropped 20 points with a slew of 3-pointers. Although the sophomore was the overall leader, OSU had five players that surpassed double-figure scoring, showcasing the depth of its roster.Michigan continued to battle in the second half, but the Buckeyes weren’t planning on letting another road game slip away. Each time the Wolverines began to cut down the lead, OSU would turn around and come right back with its attack.When Michigan began to shut down OSU’s Mitchell, OSU junior forward Shayla Cooper picked up the scoring load. Cooper attributed her fifth double-double of the season, the 12th of her career, and finished with 25 points and 13 rebounds. Nineteen of those points Cooper scored came in the second half. The two rivals went back and forth throughout the third and fourth quarters, exemplifying strong defense and sinking shots from all over. When the final buzzer went off, the Buckeyes were the ones celebrating the victory. Only winning by four, it might have been a little too close for comfort for McGuff and OSU, but it stood as a solid win on the road nonetheless.Along with Mitchell’s and Cooper’s strong performances, senior guard Ameryst Alston and sophomore guard Asia Doss each netted 15 points, and sophomore forward Alexa Hart chipped in 10.Sharpshooting sophomore guard Katelynn Flaherty was the top scorer for the Wolverines, netting five of eight attempts from downtown and tallying 22 points.The Wolverines received a hefty contribution from another underclassman in freshman center Hallie Thome, joining Cooper in the double-double club. Thome piled up 22 points and 12 rebounds on the night.With the win, the Buckeyes are tied for first in the Big Ten with the No. 5 Maryland Terrapins. They are set to continue their road trip Sunday at Rutgers, with tip-off set for 3 p.m. read more

Mens basketball Ohio State outlasts Providence 7267

OSU junior forward Jae’Sean Tate (1) shoots the ball during the Buckeyes’ 72-67 win over Providence on Nov. 17. Credit: Ashley Nelson | Sports DirectorWith its second-straight home game, the Ohio State men’s basketball team took advantage of the comforts of home with a 72-67 win. It took nearly two and a half minutes before the first shot fell for either team, but OSU eventually got going with the hot hand of sophomore guard JaQuan Lyle. The Buckeyes took a shot, however, when junior forward Keita Bates-Diop went down with a right knee injury.Lyle finished the game with 21 points, eight rebounds and seven assists. With 15 first-half points on 6-for-8 shooting, the questions about the ability on the offensive side of the ball for the 6-foot-5 guard after two disappointing games quickly faded with a stellar performance. “This week in practice, all of my teammates and coaches helped me get my confidence up,” Lyle said. “They were teaching me to never be satisfied and just keep working.”Bates-Diop was knocked to the court in the second half while trying to set a screen, and awkwardly bent his right knee on the way down. The injury appeared to be gruesome, and he was helped to the sideline. There was a noticeable limp, but he made his way back to the locker room under his own power after sitting on the bench for a brief period. “Believe it or not it’s his ankle,” OSU coach Thad Matta said. “Just an ankle sprain. Kinda puffed up or whatever, but day-to-day so we’ll need him back. That’s for sure.”OSU made its last three shots to round out the first half, giving the Buckeyes a 10-point lead going into the locker room. Senior forward Marc Loving failed to get in the scoring column in the first 20 minutes of play, but was a key rebounder on the defensive end, pulling down seven boards. Even with a few early mistakes in transition and on defense, the Buckeyes played with a flow and a hustle that was not seen last game against North Carolina Central. Crashing the hoop, OSU led the Friars in rebounds, 43-33.In the second half, Lyle picked up where he left off with a tough, contested layup. Although the Buckeyes had the leading scorer, Providence quickly went on a 7-0 run to reel OSU back in. A quick timeout by Matta slowed the Friars’ attack, but the Buckeyes had to fight hard to keep the lead.Redshirt junior center Trevor Thompson played 20 minutes Thursday night in replacement of freshman Micah Potter, who had foul trouble early in the contest. In a true-center type of performance, Thompson finished the night with 12 points, nine rebounds and three blocks.Always the competitor, the 7-foot tall center said OSU is still going to be pushing hard next week to strengthen its play on both ends of the court.“We’re hungry, and we’re not satisfied with 3-0,” Thompson said.Redshirt sophomore center David Bell also came off the bench for OSU and played an important role for the Buckeyes. In one of the highlights of the night, Bell drove the lane to the left of Lyle, who lobbed a pass to the cutting center. Bell slammed it through the hoop for a highlight-reel dunk.“I thought Jae’Sean (Tate), Trevor, those guys … Dave Bell did a heck of a job in the paint there,” Matta said. “Those are the baskets we were hoping we could get.”Turnovers remain to be a problem for the Buckeyes, as Providence picked up 11 takeaways. Last week against Navy, OSU had 17 turnovers. Providence was led by junior forward Rodney Bullock, who poured in 27 points, while going 5-for-9 from 3-point land. Bullock created mismatches throughout the evening, and even pulled down eight rebounds. Junior forward Emmitt Holt, Providence’s leading scorer coming into the game, went just 3-for-11 from the field with 11 points. The Friars are now 1-1 on the season, while the Buckeyes keep their perfect record through three games. OSU faces Western Carolina at home Monday, with tipoff scheduled for 7 p.m. read more

OFFICIAL Girona accepts to play against Barcelona in the USA

first_imgThe club is the first team in the Spanish La Liga tournament to accept to play an official match in the United States this seasonAfter all the polemic caused by La Liga’s decision to take at least one official match to be played at the United States, teams are starting to respond.And the first club to accept this opportunity is Girona FC.The team accepted the proposal to play Barcelona in the USA, thinking it could be a great benefit to their fan growth.“The club confirms that it has received this proposal from LaLiga and is working in this line together with La Liga and Barca, although there is no official confirmation that the game is will be played in Miami,” a statement read on Girona’s website as reported by Sportskeeda.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“The club has accepted the proposal understanding that it is a great possibility of expansion and growth, not only for Girona but also for our city and our territory.”“A little over three years ago, the club fought against disappearing entirely and now our goal is to consolidate ourselves in La Liga,” the press release added.“This action would be another step within the idea of competing in the elite of football after the effort we have all made in recent years and that has led us to La Liga.”There has not been official confirmation by the Spanish league or Barcelona yet.last_img read more

Cesc Fabregas to leave Chelsea in January – reports

first_imgChelsea midfielder Cesc Fabregas is set to leave Chelsea in the January transfer window after falling out of favour with new manager Maurizio Sarri.The Spanish midfielder has started just one of the West London club’s 19 Premier League matches to date this campaign, appearing as a substitute just four times, according to Football EspanaFabregas has been linked with a number of European clubs including Milan, Valencia and Atletico Madrid, but the report gives no indication of his next destination.Sacchi explains Sarri, Conte, and Ancelotti Manuel R. Medina – September 14, 2019 Arrigo Sacchi talked about how Sarri has a tougher time at Juventus than Conte at Inter; while Ancelotti’s “blood is boiling” at Napoli.Arrigo Sacchi…Fabregas moved to Stamford Bridge in the summer of 2014 from Barcelona and was key to the Chelsea squad that won the Premier league in the 2015/2016 season.He is due to celebrate his 32nd birthday in May and will be looking forward to join a club before then.Sarri, since his arrival has made his intention not to use some players known to the public.last_img read more

Koulibalys two game ban stands

first_imgKalidou Koulibaly’s two-match ban could not be rescinded despite Napoli’s effort in the court of appeal.The Napoli defender was sent off during the loss to Inter for sarcastically applauding the referee after a yellow card amid racist taunts from the stands throughout the match.Today the Senegalese defender testified in front of the appeal court and confessed he was “ashamed” to tell his mother what had happened.However, the appeal was turned down, meaning he will miss two games starting with Sunday’s showdown against Lazio.Top 5 Serie A players to watch for next weekend’s activity Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Top 5 players to watch in Serie A next…Napoli lawyer Mattia Grassani told Football Italia via Sky the verdict left Koulibaly and the club with “a profound sense of injustice.”A statement released by the appeals court explains the “unacceptable atmosphere that was created inside the stadium during the match has no relevance and cannot be considered justification for an athlete to mock the referee.“If that were the case, the presence of racist behaviour in the stands could be used to justify and not sanction any act (even violence) by a player. Obviously, that cannot be allowed to stand as precedent.”last_img read more

House Finance Advances Bill Protecting 8 Billion Of Permanent Fund Earnings

first_imgThe earnings reserve account has an $18.4 billion balance and is subject to simple majority appropriation of the Legislature. HB 31 would transfer $8 billion from the earnings reserve into the principal. For background, two sub-accounts constitute the Permanent Fund. The principal, which has a $46.1 billion balance, is constitutionally protected from appropriation and generates investment-related earnings. Representative Gary Knopp (R-K-Pen), and member of the House Finance Committee voted in favor of the bill: “We are trying to get it protected so it’s not spent, there is almost $19 billion in the account. But, we are just concerned that where we’re at that some legislator in time will start spending more out of that than the proposed structured draw.”  Knopp: “It will now go to Rules, to the floor, then we will get it passed and to the Senate. I know the sponsor of the bill has worked with the governors office on it, so I think they will be receptive to it as well.” Facebook0TwitterEmailPrintFriendly分享The House Finance Committee on Monday passed House Bill 31, a proposal that would transfer $8 billion from the Permanent Fund earnings reserve account into the constitutionally-protected principal of the Permanent Fund.last_img read more

Govt taking all steps to aid growth of teleindustry CM

first_imgKolkata: Chief Minister Mamata Banerjee tweeted on World Television Day, mentioning the initiatives taken by her government for further growth of the tele-industry and benefit of television artistes and technicians.In a tweet on Wednesday, the Chief Minister stated: “Today is #WorldTelevisionDay. To give more support to the television industry, we are building the tele academy (complex) at Baruipur, #Bangla.” It may be recalled that on January 18, the Chief Minister had addressed the Tele Academy Awards 2017-18 that was held at Najrul Mancha. In the same programme, Banerjee had stressed upon the need of setting up the tele academy at Baruipur in South 24-Parganas. She had maintained that construction of the tele academy will be completed within a year. Also Read – Rain batters Kolkata, cripples normal lifeIt may be mentioned that setting up the tele academy will be of great help for the people involved in the industry. It will also inspire more people to get involved in the industry. The tele academy at Baruipur will be a state-of-the-art one, with all sorts of facilities available in it. Moreover, it will open a new arena for the tele-industry in the state. In the tweet, Banerjee has also maintained: “We have also raised the mediclaim for television artistes and technicians from Rs 1.5 lakh to Rs 2.5 lakh annually.” Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedIt may be recalled that the announcement regarding the increase in the amount of medical insurance was made by the Chief Minister in a January 18 programme. She had said while addressing the programme: “Television has become one of the most important medium now-adays. Many TV serials have become popular. A large number of people are involved in the profession. The artistes toil hard to do a serial. They often work till late night. We have decided to increase the medical insurance for the television artistes from Rs 1.5 lakh to 2.5 lakh per annum, in addition to the Rs 1 lakh accident benefit that they get.” Besides announcing the medical insurance, the Chief Minister also took a series of other initiatives to support the television artistes and technicians.last_img read more

Costa Ricas Eduardo Li pleads not guilty in FIFA corruption scandal

first_imgNEW YORK – Costa Rican Eduardo Li pleaded not guilty in U.S. court Friday to 19 charges relating to the FIFA corruption scandal.Eduardo Li, ex-president of the Costa Rican Football Federation (Fedefútbol), was one of seven top football officials arrested in a raid on a Zurich luxury hotel in May, a raid that kicked off an unprecedented crisis at FIFA.Switzerland extradited Li to the United States on Friday to face charges that include fraud and money laundering. The defense has not asked for a bail hearing, so Li remains in custody. Judge Robert Levy set the next hearing in Li’s case for March 16.The spiraling scandal at world football’s governing body has led to the suspension of its president, Sepp Blatter, who is currently answering to corruption allegations before FIFA’s ethics committee.Read more FIFA scandal coverage here Facebook Comments Related posts:FEDEFUTBOL official: FIFA scandal won’t affect Costa Rica’s upcoming matches Switzerland will rule on FIFA extraditions next month FIFA corruption probe: Swiss to extradite ex-VP Figueredo to US Costa Rica’s Eduardo Li to request release on bail from US prisonlast_img read more

Marriott International on track for breakthrough year in Asia Pacific

first_imgMarriott International on track for breakthrough year in Asia PacificOn the back of a strong first quarter, Marriott International today announced that 2017 is on track for a progressive year in Asia Pacific with nearly 80 hotels targeted to open, bringing 19,000 new rooms to the region. Additionally, the company will debut two brands in Asia Pacific offering guests a total of 23 desirable brands that will cater to every occasion and traveler; forging ahead and growing its leadership position as a luxury, premium and select service hotel operator.Craig S. Smith, President and Managing Director for Marriott International Asia Pacific, said: “2017 is already shaping up to be a great year for Marriott across Asia Pacific. We are looking at nearly 80 new properties slated to open their doors this year, which means an average of two hotels a week from now till the end of the year. With our larger portfolio of individually distinctive brands across destinations, we now provide guests greater access unprecedented choices and unparalleled benefits on their travels whether for business or leisure.”Live the Journey: Recharge and explore with more than 20 brands across even more Marriott resorts and destinations by end of 2017With over 550 operating hotels and more than 170,000 rooms, growth momentum in Marriott’s Asia Pacific business remains strong. Debuting in the region this year is MOXY Hotels, Marriott’s Next Gen boutique-hotel brand for the ‘always on’ and digitally savvy. The brand will mark its entry with the anticipated opening of MOXY Tokyo before end 2017. Furthermore, Delta Hotels, a premium brand distinguished by its rich Canadian heritage, is set to debut with Delta Hotels by Marriott Shanghai Baoshan slated for this summer in suburban Shanghai, China.As members of Marriott’s best-in-class loyalty programs consisting of Starwood Preferred Guest (SPG), Marriott Rewards and Ritz-Carlton Rewards, travelers can now access over 6,100 properties across the globe. Specifically in Asia Pacific, Marriott plans to further enhance its resorts portfolio with 16 new hotels expected to open in 2017. From The Ritz-Carlton Langkawi in Malaysia, Courtyard by Marriott Siem Reap in Cambodia to the Fiji Marriott Resort Momi Bay in Fiji, Marriott’s global community of more than 100 million loyalty members will now be able to enjoy enriching experiences and valuable access to local culture, design accents, culinary delights and entertainment.People and Community at the Heart Of Growth: Marriott Solidifies Its Commitment to Developing People and PlacesIn line with its growth vision, Marriott expects that over 140,000 associates will wear the Marriott badge at its company operated and franchised hotels in Asia Pacific by the end of 2017. In China, Marriott is working closely with over 150 hospitality schools and colleges through robust internship programs to help talented youth launch their careers in Asia’s booming hospitality industry. Cementing this commitment, the company will also look to foster a strategic partnership with the Asian University for Women (AUW) based in Bangladesh, with plans to be laid out in mid-2017.Mr. Smith added, “As a company that puts people first, our growth is really a reflection of our talented associates. By the end of 2017 we will have created over 20,000 jobs across Asia Pacific, offering our talented people the chance to grow and achieve their career goals with us.”Hot off the heels following a year of record growth for Marriott, including the acquisition of Starwood Hotels & Resorts Worldwide, Inc, in late 2016, Marriott International has enhanced its global portfolio of 30 world-renowned brands including St. Regis®, W®, JW Marriott®, The Luxury Collection®, Westin®, Le Méridien®, Renaissance® Hotels, Sheraton®, Autograph Collection® Hotels, Tribute Portfolio™, Four Points® by Sheraton, Fairfield Inn & Suites®, Aloft®, and Element®. Marriott now has over 500 properties in its development pipeline in Asia Pacific which are expected to open by 2021. Marriott InternationalSource = Marriott Internationallast_img read more

By Laura Q Hughes Editorial DirectorFashion desi

first_imgBy Laura Q. Hughes, Editorial DirectorFashion designers have their catwalk shows, and watchmakers, their trade fairs. In both cases, it’s a time for the luxury world’s most imaginative minds to reveal beautiful new creations, set trends, and take centuries-old products and invent them a-new. At the annual watch fairs that took place this April in Basel and Geneva, watchmakers outdid themselves once again—giving watch collectors, trendsetters and simply stylish dressers an abundance of new timepieces to covet. And covet they must, for the watches we saw this spring won’t arrive (for the most part) in stores until fall.What’s worth waiting for this year, or even ordering sight-unseen many months in advance? On our two-week tour of the designers’ new collections, we saw mini-trends emerge that are bound to excite connoisseurs and also get a new group of shoppers to consider buying a luxury watch, or two, or more, this year. Our favorite trends, and examples of the hot new watches that will give those trends legs, follow. In addition, we invite you to come back to EliteTraveler.com in June to download our exhaustive Elite Recommends: Luxury Watch Buyers Guide for the nitty-gritty details on each watchmaker’s most exciting new introduction. And for our selection of the best-in-show from the fairs, pick up the July/August issue of Elite Traveler or check it out in digital form from this web site mid-summer.Return to ClassicsGetting back to basics, and in many cases returning to sobriety, may not sound like a ground-breaking move. But it is a distinctive new direction for an industry that was defined in recent years by ever-growing case sizes and increasingly bedazzled gem-encrusted watches. These new classics—often based on archival designs with clean dials and sensible sizing—seem poised to become the watches one wears to impress in the boardroom, to pass down for generations, and to turn to when quality and good taste are key. Zenith is introducing a new, small case size of 37 mm for men in its “Class” collection. The rose gold version with moon phase is a timeless beauty. Similarly, the new Chronomaster Grand Date with open power reserve measures 40 mm in rose gold, a discrete and elegant chronograph. At Audemars Piguet, where the sporty angular Royal Oak case and oval Millenary case are legendary, a very classic new case shape is joining the line-up. It is still awaiting a formal name, but the rounded square design is pure class. In its first year, it will be made in platinum, and available as a minute repeater or a perpetual calendar. IWC is launching a Vintage collection, which consists of six designs based on watches from its archives. They will be available in steel and platinum, and the first 140 platinum pieces will be sold as sets (for about $241,000). And surprisingly, avante-garde watch company Hautlence, which took a tv screen shaped case to house its revolutionary new movement three years ago, is adding a new, traditional round case, called the HLQ.High Doses of DiamondsAt the opposite end of the spectrum, diamonds (and other dazzling gems) are dressing up the cases, dials, buckles and even movements of luxury watches, this time for both men and women. Patek Philippe of course has new versions of its classic, collectible masterpieces. But the house also offers remarkable diamond-set timepieces this year, most notably the Nautilus set with baguette cut diamonds, for about $142,000. Hublot, which was the first to put the humble material rubber to luxurious use as a strap, is incorporating a spectrum of decadent gems and diamonds on its next introductions, resulting in colorful and glamorous options for women. Michael Beaudry, the California-based jewelry designer known for his masterful work with white and colored diamonds, is extending his repertoire to men’s complicated watches with tasteful diamond accents. Gucci furthers its trademark horsebit motif with its new Chioda rectangular watch for women, which features pave diamond horsebits at all four corners. Bedat’s brand new line of watches for women, No. 2, is a curved oval shape, often filled with delicate diamonds, and its mark of distinction is discovering that the “8” marker missing from the dial resides instead on a lower lug. Perrelet marks a strong return to the watch world with a collection of timepieces for women called Diamond Flower. The company is a watch legend for having created the rotor; in Diamond Flower, a gem-paved bloom serves as a working rotor as it whirls atop the dials of these feminine pieces. Ellicott’s Lady Tuxedo Chronotimer gives the traditionally sporty, masculine chronograph a decidedly glitzy and womanly look, which is a winner for evening. Expectations are always high for fine jeweler Harry Winston to deliver stunning diamond watches, and this year they do it again. The new ladies watch, Avenue Square, features two time zones and a diamond case, resulting in a style the reflects the urban glitter of Fifth Avenue and Times Square in New York. Milus is evolving its popular women’s watch, Marea, into the fine jewelry watch segment by adding precious stones—rubies and diamonds—to spectacular effect. London-based Backes & Strauss traces its origins to fine diamond work, and this year it displays its proprietary diamond cut and skilled settings with the new Royal Berkeley (an octagonally-shaped case covered in octagonally-cut diamonds) and the oval Prince Regent (a one-of-a-kind watch set entirely with baguette diamonds). Franck Muller introduces a new line of watches for women this year called Affinity. These tonneau-shaped gold pieces contain diamonds to various degrees—maxing out at the fully set version. Fine jewelry-maker Van Cleef & Arpels continues to raise the bar for uniting complications with extremely beautiful designs this year, and two stand-out examples are its Jour et Nuit diamond-set 38-mm watch that features a sapphire sun and diamond moon revolving around the aventurine dial as the day unfolds, and the Midnight in Paris watch whose aventurine dial contains the constellations as they would appear in the sky above Place Vendome based on the present time of year. Roger Dubuis is recasting its most successful models for men for women by adding brilliant diamonds and colorful gems to cases, bezels and dials.Innovative ComplicationsNew ways to tell time, or aspects of time…imaginative creators are able to re-invent this process in boundary-bursting ways. World’s first, smallest, thinnest, never-before-mastered—these superlatives go hand-in-hand with the newest innovations and complications. Maurice Lacroix’s big introduction is the Memoire 1, which is the world’s first mechanical chronograph with a memory function that permits the user to switch between real time and the chronograph functions without losing data. De Grisogono’s Meccanico appears to display the time as digital LED, but rather than being powered by a battery it is run the classic way: mechanically. Jean Dunand, which only creates one-of-a-kind pieces, reveals the world’s first instantaneous perpetual calendar on cylinders with a minute repeater this year. And FP Journe also takes the minute repeater to new lengths—this year it introduces a 4-mm-thick minute repeater in steel: the world’s thinnest.Tourbillon TrendTourbillons, those whirling, orbiting, complicated cages within watches that compensate for the effects of gravity on accuracy, continue to rate as an extremely popular complication. Greubel Forsey is one of the masters of it, and this year the company can officially display its completed quad-tourbillons, which were in the works for many years. Breguet is adding a tourbillon to its Eritage line of rectangular watches. The two-axis tourbillon has a bridge that also serves as the 6 marker on the dial. Bovet’s Seven Day Tourbillon is self-winding for the first time this year, and it is available with or without a baguette-set case. Cartier adds an elegant flying tourbillon to its successful new round watch, Ballon Bleau. In celebration of its 275th anniversary, Jaeger-LaCoultre launches four special watches, one of which is a perpetual calendar tourbillon in pink gold. Badollet’s Stellar Crystal Ball Tourbillon is embellished with an inner bezel of jade, and a movement and tourbillon cage that incorporates meteorite (customized versions using onyx, mother of pearl, and other materials are possible too).Times for TravelersWatchmakers are giving elite travelers more ways to keep track of their comings and goings, in any time zone. Breitling’s Bentley watch, a 49-mm case with asymmetric lugs, is newly offered as a GMT. Carl F. Bucherer updates its popular TravelTek Triple Time Zone watch to reveal the date wheel in the multi-layered dial. And Girard Perregaux puts a new twist on world time watches. Its WWTC 24-Hour Shopping indicates when the world’s great shopping avenues (Rodeo Drive, Orchard Road, Bond Street, etc.) open for business.Mastering MaterialsThe materials that are used to make watches—both inside and out—garnered extra attention at the fairs this year as gold and platinum hit record high prices on commodities markets, diamonds continued to rise in price, fashion-conscious shoppers sought out exotic skins like ostrich, stingray and alligator, and man-made substances coated cases and perfected internal functions. Ernst Benz is making his first foray into gold watches, citing an Olympic year as an auspicious occasion to go for the gold. Blancpain is refining its 50 Fathoms dive watch by using a diamond light carbon (DLC) process instead of PVD coating to blacken its stark black case, bracelet and rotor. Ulysse Nardin, a front-runner in the use of silicium within its movements, is now using the material for the hairspring, escapement wheel and additional parts of its Sonata. And Vacheron Constantin’s new “Quai de L’lle” cushion-shaped watch contains the same materials and processes used on Swiss banknotes and passports to create anti-counterfeit qualities to the dial and other parts.Beautiful BacksAs a way to add more beauty, and make the watch an even more personal purchase, some designers are paying extra attention to the design aspects of the backs of their watches. Engraved movements through clear casebacks are worthy of public display at Dubey & Shaldenbrand. Greubel Forsay has the story of the tourbillon engraved in tiny French type on the back of a watch. Chopard’s edition created just for the opening of its new Madison Avenue boutique has the New York City skyline engraved on its case back.TeamworkFinally, watch brands that share corporate values and design aesthetics with other companies are joining forces to create limited edition watches that unite aspects of both. Chanel tapped Audemars Piguet to provide the movement for its new limited edition black J12 with yellow gold details. Richard Mille, in celebration of jewelry house Boucheron’s 150th anniversary, reveals a limited edition of 30 Tourbillon RM 018 watches that incorporate movement wheels set with semi-precious stones, such as tiger’s eye, jasper, black onyx plus diamonds. And Parmigiani is collaborating with yacht-maker Pershing on a collection of sea-worthy watches that reflect the independent spirit of both manufacturers.last_img read more

Mr Jorge Ganoza Durant is a geological engineer w

first_imgMr. Jorge Ganoza Durant is a geological engineer with over 12 years experience in exploration, mining, and business development throughout Latin America. Jorge graduated from the New Mexico Institute of Mining in 1994. He is a fourth-generation miner from a Peruvian family that has owned and operated several underground gold, silver, and base metal mines. His professional experience is vast and varied – before Fortuna he was involved in business development at senior levels for several private and public Canadian junior mining companies working in Central and South America. Jorge’s experience extends through various countries including Panama, Guatemala, Nicaragua, Honduras, Mexico, Dominican Republic, Haiti, Peru, and Colombia.last_img read more

Just a few weeks ago it was revealed that the FBI

first_imgJust a few weeks ago, it was revealed that the FBI will be going through a huge stack of emails they stole from a free service, to find some peaceful people they can publicly prosecute. The service was called Tor Mail…and their advertising slogan was Free Anonymous Email. Supposedly, this system was ironclad and immune from government attacks. And, presumably, the operators would do this very hard thing, forever, and for free. That’s just not rational, regardless of the operator’s intentions. Nonetheless, a small army of people signed up and used the service. It was free, after all! Now, they are being burned, and maybe badly. That sucks, and they almost certainly don’t deserve it, but it was also rather predictable. Free is for suckers. Always has been, still is. Jump at “free,” and you volunteer to pay the piper eventually. Free Contributions Versus Free Services There is a fundamental difference between free contributions and free services. Free contributions can be honest, important, and noble. Phil Zimmerman gave us PGP, Tim Berners-Lee gave us HTTP, and Satoshi Nakamoto gave us crypto-currency. All of these were gifts, for which we should be grateful. Operating a service, however, is something different: Zuck: I have over 4,000 emails, pictures, addresses, SNS Zuck: People just submitted it. I don’t know why. They “trust me” Gifting something to the world is wonderful and deserves our gratitude. There’s nothing wrong with it. Nor is there a real problem with the shareware model, or with a free trial before buying, or the donations model. Doing the daily grind that is necessary to run a service, however, is something very different. These are not acts of passion; they are acts of determination and endurance. Sure, there can be moments of passion, but an ongoing service requires far more than that. And, any service provider that can’t deal with “grind it out” work doesn’t survive. The Free Service Game Right now, free services rule the Internet. Yahoo, Facebook, Google, Twitter, Instagram, and all the rest… their business model involves getting people to use their systems for free. But if you use something for free, you are NOT the customer. These companies DO have customers who pay them money, but that’s not you… which means that you are the product! Let’s not forget what Facebook’s Mark Zuckerberg famously texted his friend: Zuck: Yeah so if you ever need info about anyone at Harvard, just ask. Friend: What? How’d you manage that one?center_img A service requires daily work, most of it less than exciting. And there is no end to it. The contribution – the gift – requires a specific and limited expense of time and passion. Zuck: Dumb f*cks Anything you run through a free service goes beyond your control, immediately and permanently. These companies are monetizing your life, and the lives of your family and friends. Again, you are the product, and they’re selling you to anyone who will pay. No one really runs a service for free. The same thing goes for smartphone apps, by the way. They give them to you for free, or for almost free, and they also sell your life to anyone who will pay. The primary purpose of most apps is to spy on you. Read their privacy statements sometime. “Nothing Bad Will Happen” This is said every day, as it has been by more or less all the victims of history. I’m not for walking around in fear of course, but if you grab at “free” products, you are stepping into a trap. If you don’t know the price in advance, you’ll be charged anyway (in this case, by having your life sold), and you’ll overpay. And bad things do happen, as they did to Brandon Raub. Is ‘saving’ a couple bucks really that big a deal? Paul Rosenberg FreemansPerspective.comlast_img read more

Just as a matter of interest here are Nicks 12m

first_img Just as a matter of interest, here are Nick’s 12-month rolling intraday price average charts for gold and silver—and as you can tell at a glance, these longer-term charts bear no resemblance whatsoever to the June charts in either metal.  What does it mean, you ask? The shorts answer is—I don’t know.  I’m just pointing it out for informational purposes. I strongly suspect that it will be an interim price top The gold price was under quiet selling pressure right from the open in Far East trading on their Thursday—and by 1 p.m. Hong Kong time, the price was down $5.  From that point it chopped sideways until shortly after 11:30 a.m. in London—and then the selling pressure got a little more serious.  The low came right at 8:30 a.m. on the release of the jobs number. From there gold rallied until the London p.m. fix was in—and that was pretty much it for the remainder of the day, as the U.S. traders headed out the door for an early start to their long weekend. The high and low ticks were reported by the CME Group as $1,329.00 and $1,309.40 in the August contract. Gold closed on Thursday in New York at $1,319.60 spot, down $7.60 from Wednesday’s close.  Net volume wasn’t exactly light at 133,000 contracts. Both platinum and palladium really wanted to fly after Zurich opened yesterday, but their attempts, like on Wednesday, were met by a willing not-for-profit seller.  Here are the charts. Sponsor Advertisement Here’s Nick Laird’s Long-Term Silver 7/Sentiment chart—and as you can see, June was a very good month for the silver stocks.  But last month’s gains should be put into some sort of perspective when framed against how far these same equities have to go to get back to their old highs. The silver price had a very similar chart pattern except for the fact that the rally off the 8:30 a.m. EDT jobs number was somewhat more robust but, like gold, the rally ended at the London p.m. gold fix—and silver chopped sideways into the close. The high and low ticks in silver were reported as $21.23 and $20.82 in the September contract. Silver finished the Thursday session at $21.125 spot, down 2.5 cents from its Wednesday close.  Volume net of July and August was way up there once again at 43,000 contracts. Not that I want to rain on anyone’s parade—and I’d love to be be wrong at the top of my voice on this—but the current price action has all the hallmarks of a price top.  It’s a theme I’ve been harping on for the last week or so.  I strongly suspect that it will be an interim price top, but this overbought condition must be relieved before prices can power higher.  The only question remaining, at least for me, is how severe—in both speed and duration—will this engineered price decline be? And as I type this paragraph, the London market has been open for just a couple of minutes.  None of the four precious metals did much in Far East trading on their Friday—and all four are at, or a hair above, their Thursday closes in New York.  Considering the fact that the New York traders are MIA, I’m surprised that the volumes are this high.  Gold’s volume is just over 11,000 contracts—and silver’s volume is 5,500 contracts.  The dollar index, like the precious metal prices, is comatose. I’ve decided that since the markets are closed in New York today—and there is no Commitment of Traders Report or companion Bank Participation Report to discuss—a Saturday column just isn’t worth the effort, as there won’t be a thing of interest in it.  But I can tell you in advance that my Tuesday column will be the equivalent of my Saturday column—a really big read—but minus the “blasts from the past.” Here’s a chart that Nick Laird slid into my inbox late Thursday evening Mountain Daylight Time.  It’s the “Global Indices” chart—and what it shows should come as no surprise, as the biggest stock market bubble in the history of Planet Earth rages on. And as I send this off to Stowe, Vermont at 5:05 a.m. EDT, there’s still not much going on now that London has been open a hair over two hours.  Gold volume is up about 40% from the numbers posted in the previous paragraph—which isn’t much for this time of day—and silver’s volume is up less than 20% from two hours prior, so it’s obvious that the remainder of the Friday trading session should be quiet as well.  However, there’s always that black swan out there.  The dollar index is now up 8 basis points. That’s all I have for today.  Enjoy your weekend—and I’ll see you here on Tuesday.center_img The gold stocks gapped down two percent at the open—and hit their lows of the day less than ten minutes later.  From there they made every attempt to rally back to unchanged, but the markets closed at 1 p.m. EDT—and the best the HUI could do was finish down only 0.60%. However, it should be obvious to all except the willfully blind—and those whose jobs depend on them not seeing it—is that I can absolutely guarantee that there’s nothing free market about the price patterns on any of these four charts. I have very few stories for you today—and I hope you’ll find one or two that interest you. While the same 100 million ounces of metal is, effectively, available for investment in both gold and silver annually, because of the great price difference, that translates into a markedly different comparison on a dollar basis. 100 million oz of gold equals $130 billion, while 100 million oz of silver equals $2 billion. These are the dollar amounts required to be expended by the world’s investors in order to absorb the new gold and silver produced annually. Not only is it, obviously, easier for the world to come up with $2 billion than $130 billion, it is also easier for the world to come up with more than the $2 billion required in silver to strongly propel silver prices higher. That’s the key to precious metals prices – investment demand. That silver requires such a small amount of investment dollars to ignite prices to the upside compared to gold is the key difference between the two metals. – Silver analyst Ted Butler: 02 July 2014 Since I won’t have a column on Saturday, here are your weekly “blasts from the past.” The pop one was a smash hit the same summer that I graduated from high school—1966.  The Lovin’ Spoonful was a hot band in the mid-1960s—and made a huge impression on me.  Their biggest hit is linked here. Today’s classical selection is a short piano work composed by child prodigy Frédéric Chopin in 1834.  It’s his Fantaisie-Impromptu in C sharp minor, Op. 66.  You have to be one of the giants of the piano world to do this work justice—and Evgeny Kissin is more than up to it.  I heard this on CBC FM yesterday—and thought it worth sharing.  It’s one of his most popular compositions—and you’ve probably heard it in one form or another at least once in your life.  The link is here. When I turned on my computer yesterday morning, I couldn’t figure out what the down/up price spikes in gold and silver were all about until Ted Butler gently reminded me that because of the July 4 holiday, the jobs number had come out a day early, so that explained the price action—as counterintuitive as it is, because there’s no real reason why the jobs numbers should affect the precious metal prices. Here are the charts from yesterday—and once again I wasn’t happy with the volume numbers for either gold or silver—especially silver—but I’ll chock it up to yesterday’s price action.  However, once the p.m. gold fix was done—and London closed for the day, volumes vanished as prices flatlined for the remainder of the New York trading session. The agreement with Sumitomo on the Fourth of July project is a great compliment to our recent agreement with Newmont Mining on the Wood Hills South project. We also have the Arabia, Golden Shears and some generative efforts being funded through our joint venture business model. We have enough capital in the bank to last two more years and no debt. The share structure remains at 33.5 million fully diluted. We are very well positioned to have a major win with an incredible share structure. Renaissance Gold has proven through the joint venture business model what exploration success with a tight share structure can do. Renaissance is the spinout of AuEx Ventures that sold in 2010 and made just shy of 100x their first private placement. It takes technical strength and fiscal conservatism to generate meaningful share holder returns in the high risk exploration business. Please visit our website for more information. It was more or less the same price pattern for the silver equities, but the rally of their lows was much more vigorous—and Nick Laird’s Intraday Silver Sentiment Index closed up 0.61%. The CME’s Daily Delivery Report showed that 25 gold and 135 silver contracts were posted for delivery within the Comex-approved depositories on Tuesday.  In gold, ABN Amro was the short/issuer on all 25 contracts—and Canada’s Scotiabank and Morgan Stanley split them up between themselves.  In silver, the only two short/issuers were Jefferies and ABN Amro with 114 and 21 contracts respectively.  Not surprisingly, it was the biggest silver shorts on Planet Earth as the largest long/stoppers—JPMorgan with 63 for its client account and Canada’s Scotiabank with 45 contracts.  The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD—and as of 9:59 p.m EDT yesterday evening, there were no reported changes in SLV, either. Since yesterday was Thursday, Joshua Gibbons, the “Guru of the SLV Bar List” updated his Web site with the weekly goings-on within the SLV/span> ETF—and he had a lot to say in this week’s report: “Analysis of the 02 July 2014 bar list, and comparison to the previous week’s list:  2,544,213.2 troy ounces were removed (all from Brink’s London)—and no bars were added or had a serial number change.“ “The bars removed were from: Jiangxi Copper (0.6M oz), Solar Applied Materials (0.4M oz), Russian State Refineries (0.3M oz) and 18 others.  As of the time that the bar list was produced, overallocation could not be calculated (due to the inaccurate bar list).“ “The list shows 864,675.8 oz of bars as being in SLV, that iShares.com reported as having been removed on Monday. That is very unusual. So did an A.P. not get their silver right away (why?) or is the bar list several days out of date (why?).” “There was a withdrawal of 127,074.4 oz yesterday that should be accounted for on next week’s list.“ “There was another unusual timing of an update last Thursday (June 26) at 11:15 p.m., whereas updates almost always occur between 8:00-9:00 p.m. ET.”  The link to Joshua’s Web site is here. There was no sales report from the U.S. Mint yesterday. Over at the Comex-approved depositories on Wednesday, there was almost no in/out action in gold worthy of the name, as only 402 troy ounces were received—and nothing was shipped out.  But silver made up for it once again, as 602,891 troy ounces were reported shipped in—and 1,309,274 troy ounces were shipped out the door.  Virtually all the silver action was at CNT or Canada’s Scotiabank.  The link to the silver action is here. Nick sent me the intraday price charts for June for both gold and silver.  Both have very similar shapes.  The average of all trading days in both metals indicated that once the daily trading noise is removed, it shows that [in June] both metals began to rally shortly before the Comex open—and these rallies ended at the 1:30 p.m. Comex close. The dollar index closed at 79.94 late on Wednesday afternoon in New York—and crawled up to the 80.05 mark by the time the jobs number was released at 8:30 a.m. EDT.  The index then blasted higher—and 30 minutes later it was at 80.30.  It slid a bit from there into the London p.m. gold fix—and then traded flat for the remainder of the New York session.  The index closed at 80.21—up 27 basis points.last_img read more