In This Issue… * Risk assets healing is wiped out… * Euro and A$ lead currencies lower… * Gold can’t find a bid… * Chinese renminbi takes baby steps lower… And, Now, Today’s Pfennig For Your Thoughts! A Full-On Risk Aversion Day… Good day… And a Marvelous Monday to you! Well… ding dong me, I forgot that I said I was going to write from home on Mondays, that is until I was ½ -way to work… UGH! Oh well, I’m here in the sauna, so let’s get to what’s on my mind today, no wait, you probably don’t want to know what’s on MY mind, but rather what’s going on in the world… So, here we go! On Friday, I left you with the thought that the risk assets, were attempting to heal from Thursday’s bloodletting… There was no U.S. data to swing the traders one way or the other, so, it appeared that the week would end with some healing in the risk assets… But, that appearance didn’t last long, and soon the small gains that had been booked were wiped out… But still, no major sell off like on Thursday, so at least the risk assets had that going for them! This morning, we have more selling going on… The currencies led by the euro and Aussie dollar (A$), are both down significantly, and Gold just can’t seem to find a bid these days. The S&P futures are down early this morning too… So, at this point of the day, it appears that we’ll see a down day, a day of risk aversion, and weaker values. We went into Friday, with the thought that 4 of the largest economies in the Eurozone, were going to send their leaders to a meeting in Rome to work on a plan that would be presented at the European Summit this coming weekend… Well, I don’t know if the Eurozone leaders took my suggestion of coming up with a blueprint on how they will address this debt debacle as a whole, and stop the putting out fires one at a time… I guess we won’t find that out until this next weekend… I sure hope they did, otherwise, I feel that the Eurozone and euro will be in for a world of hurt… In Germany, they did announce that German Chancellor, Angela Merkel, had agreed to underwrite the debt of Germany’s 16 states, which is a form of burden-sharing, and will be called “Deutschland Bonds”, which will give Germany two tiers of bonds… straight Gov’t. bonds, and these new “Deutschland Bonds”… So, what does that have to do with the Eurozone as a whole? Well… what’s good for the goose is also good for the gander, right? So, if Merkel will agree to sharing debt burden within Germany, then why not for the Eurozone? Well… If I were Angela Merkel, I would be very concerned about joint debt sales in the 17-nation currency union, as long as budgets are set by the national governments… In fact, German Finance Minister, Wolfgang Schaeuble, said it all, when he told reporters that, “as long as the national states make the decisions, they have to be liable. If you can spend money on my tab, you won’t be thrifty.” And doesn’t that make sense? Now switch gears, and come across the pond to the U.S. The U.S. Gov’t makes the budgets, and they spend our money… not theirs… which means they don’t have to be thrifty, right? But, apparently this just doesn’t occur or appear in the thought box above a trader’s head that what’s going on in the U.S. is more absurd than what’s going on in the Eurozone. Well… there are two reasons we get away with it folks… the first and biggest reason is the fact that the U.S. dollar is still the reserve currency of the world, and the second reason is that most people in the U.S. don’t give a rat’s tail about how much debt the U.S. has, or worry about how that it will get paid down, or worry about the tax burdens their kids and grandkids are going to have to deal with… Of course, that’s not you, dear readers, but think of yourself as the “minority” when it comes to awareness of this situation here in the U.S. They know all about Greece… Because the media makes a big deal out of a country which has the economy about the size of the economy of the Dallas-Ft. Worth area, and that New York City’s economy is larger than Greece’s… When I go out on the road to talk to people, you would be amazed at the number of people that 1. Don’t know the consequences of these debt burdens here in the U.S., 2. Don’t know that the dollar, even though it’s in rally mode now, has lost a major chunk of its purchasing power, and 3. Don’t know that they can do something to protect themselves from the potential further declines of the dollar… But, as I’ve said… take the Pfennig Readers, and the people I talk to while out on the road, and it’s still a small group, when compared to the U.S. population as a whole… Speaking of a country with debt… Over in Japan, they are set to pass a consumption tax hike bill… This would be a brand spanking new tax on the Japanese people… So, this illustrates what I was just talking about regarding the tax burdens on our grandkids… So, here, in the land of Debt, they will pass a new tax to help pay for Gov’t debt… But… here’s something to think about regarding Japan’s economy… The new tax, if passed this week, will go into effect in 2014… So… don’t you think that the Japanese economy could get boost from consumers rushing out to buy before this tax gets implemented? So, short-term, it could be a good thing… long-term, it’s not such a good thing… I saw a story headline on the Bloomberg this morning that caught my eye… The title: Central Banks Commit to Ease as Threat of Lost Decades Rises… So, if you’re like me, that title intrigued you, and you’ll read on… according to the Bloomberg, “Central Bankers are finding it easier to support their economies than to spur expansion as the prospect of Japanese – like lost decades looms across the developed world.” OK.. Chuck again here… Now, I’ve said that the U.S. was turning Japanese for almost a decade now… and every time the U.S. implements another form of stimulus, and keeps their interest rates near zero, they play right into the Japanese lost decades scenario… Peter Dixon, the global equities economist at Commerzbank, said, “Japan’s experience shows central banks can mitigate the worst effects of the current environment, but it’s going to be very hard for them to stimulate demand.” I think the Fed Heads are finding that to be very true… So… why meddle in the first place? If a country’s economy needs to clean out the excesses then let it! Part of our financial meltdown problem is the fact that the Fed had to meddle in recessions that we the U.S. economy was supposed to experience going back to 2001… Eventually, these problems build up and then spill out… that’s exactly what has happened… the more you meddle, the bigger the problem down the road. Just ask Japan! So… the U.S. data cupboard gets restocked this week, but, for the most part, I believe that the focus will be on the European Summit that will begin on Thursday. But, for those of you keeping score at home… Today we’ll see New Home Sales for May, which should remain about the size of April’s 343,000. Another regional manufacturing report, this time from Dallas. Tomorrow, the S&P/ CaseShiller Home Price Index, and Consumer Confidence. As we go along this week, there will be more, but no sense in talking about them now… But, keep in mind the mantra that has been taken on by the traders once again, and that is… the dollar gets rewarded for awful / weak data in the U.S. strange as it might seem, that’s what’s happening! Well.. I said above that Gold just can’t seem to find a bid lately… and that about says it all! The past few months have really been a test of convictions for Gold owners… I don’t know this to be true, it’s just my opinion, but I would have to think that given the currency debasement going on all over the world, that investors will be seeking out Gold as a store of wealth… It’s just going to take some time, as it will take some time for the sheeple to realize what their Government has been doing to the purchasing power of their currency… And China continues to allow the renminbi to weaken VS the dollar… by small amounts, yes, but still.. this has to be the longest they’ve gone in this direction since 2008… In fact the BRICS are all performing very badly these days… Something I did not foresee a few years ago… These countries had everything going for them… Then There Was This… are you ready to scream at the walls? I just returned from a trip to the wall… Here’s a story that was in the Washington Post this past weekend… enjoy… “One-hundred-thirty members of Congress or their families have traded stocks collectively worth hundreds of millions of dollars in companies lobbying on bills that came before their committees, a practice that is permitted under current ethics rules, a Washington Post analysis has found. The lawmakers bought and sold a total of between $85 million and $218 million in 323 companies registered to lobby on legislation that appeared before them, according to an examination of all 45,000 individual congressional stock transactions contained in computerized financial disclosure data from 2007 to 2010. Almost one in every eight trades — 5,531 — intersected with legislation.” Chuck again… Did you walk away for a moment to visit a wall nearby? To recap… The healing of the risk assets faded on Friday, and an all-out risk aversion is going on this morning, led by the euro and A$… The Eurozone leaders of the 4 largest economies met to hopefully lay out a blueprint to present to the Eurozone Summit attendees this coming weekend… I say hopefully, because if they don’t, The Eurozone and euro are in for a world of hurt… Currencies today 6/25/12… American Style: A$ $1.00, kiwi .7860, C$ .9715, euro 1.2480, sterling 1.5548, Swiss $1.0390, … European Style: rand 8.4565, krone 6.00, SEK 7.0610, forint 230.25, zloty 3.4150, koruna 20.6415, RUB 33.19, yen 79.85, sing 1.2835, HKD 7.7590, INR 57.07, China 6.3630, pesos 13.92, BRL 2.0650, Dollar Index 82.57, Oil $79.18, 10-year 1.63%, Silver $26.73, and Gold… $1,568.10 That’s it for today… A great weekend for my beloved Cardinals… I watched the game on Saturday and couldn’t believe all the red in the stands at the K.C. stadium! WOW! Of course, about 5 years ago, we took Alex to K.C. for a Cardinals’ game, but to see it on TV, that was impressive, Cardinals fans! Penalty kicks? You decide the winner of a game that will decide the European Champion by Penalty Kicks? I like soccer, I played a lot of soccer as a young man, as I grew up in South St. Louis, the soccer capital of the U.S. But, the sport will always lack fans in the U.S. as long as an important game is decided by Penalty Kicks… And with that… I had better stop, and get this out the door… Thank you for reading the Pfennig, and I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com
In This Issue.* Eurozone GDP contracts in 4th QTR. * BOJ candidate says yen is at equilibrium. * NZ manufacturing soars! * Remember the chocolates!And, Now, Today’s Pfennig For Your Thoughts!Happy Valentine’s Day!Good day. And a Tub Thumpin’ Thursday to you! I’m back, again! Yes, things keep pushing me down, but I keep coming back! I don’t really feel like crowing though, so, I’ll move along. Another trip to MD Anderson in Houston is put to bed. And Happy Valentine’s Day to all you love birds out there! My Valentine is off on a trip with Alex to visit a college, so, I’ll spend the next 4 nights in a very quiet house, alone!Well, the Big news going through the markets this morning is the GDP reports from the Eurozone. Most importantly, the GDP report from Germany. German 4th QTR GDP contracted -.6% and then the rest of the Eurozone members’ reports were just as weak. Now, we all have been tracking the recent data for Germany, and it appears now that the 4th QTR was a trough. But that didn’t stop some mental giant from making a really dumb statement. European Central Bank (ECB) Vice President, Constancio, said that, “negative interest rates are a possibility. no decision has been made.” Well, I don’t have to tell you that those kind of statements will send a currency to the woodshed in a NY Minute, and that’s exactly what his words did to the euro. But, isn’t this just a bunch of baloney? First. the data is old and already water under the bridge, and second, where did this ECB VP get this idea? For this “negative interest rates” thought was like a grenade from left field. Totally unsuspected, and for my two cents, unlikely!I want to thank Chris for taking the conn on the Pfennig for me, once again! Chris admits that he loves writing the Pfennig for short intervals. And I think he does a fantastic job of writing the Pfennig, as does Mike when he’s asked on short notice to take the conn. Well, yesterday, Chris talked about the G-20 meeting, and how the members of G-20 are very squeamish about member countries manipulating their currencies lower. And yes, the G-20 members are all for avoiding policies that lead to competitive currency devaluations, but policing this will be one mousetrap that I doubt gets built.Russia’s Finance Minister doesn’t want this idea to fade. Anton Siluanov , Russia’s FM, wants G-20 members to put it in writing, and have more specific language regarding the policing of this matter. I applaud Mr. Siluanov. for I have always held to the thought that currency policy should be based on market conditions, and fundamentals. So, Let’s quit all this beggar thy neighbor currency manipulation, and get back to allowing the markets to direct where a currency should trade, based on fundamentals. I expect to hear lots of statements coming from the G-20 meeting that begins today.I see that the currencies, for the most part, haven’t really changed much this week while I was away, being stuck, and scanned. The euro has the biggest move, and it’s downward. But still in a pretty good place, I think. And. I think that we’ll continue to see the Eurozone, namely Germany’s, economic data improve this year. But then that’s just me. I’m sure “real economists” can point out to me all the reasons I’m wrong. But then these would be the same “real economists” that called for the collapse of the euro, and a break-up of the Eurozone and said it would happen in 2012. I’m just pointing that out, because I’m a smart-alec.Well. the Japanese yen, which is the focus of the G-7 and now G-20 meetings, continues to be the currency everyone wants to short. Last night though, yen gained some ground, when the Bank of Japan (BOJ) upgraded their assessment of the economy. Then possible BOJ Gov. candidate (the current BOJ Gov. only has one more meeting under his control), said that yen in the 90-100 range had reached its equilibrium. That’s better than the previous ranges that were far above/ weaker than that! So, yen gets some love on Valentine’s Day.Chris included some thoughts I had sent him on the cover story in last week’s Economist, regarding the Nordic countries of Norway, Sweden, Denmark and even Finland. These countries certainly should be looked to as examples of how you can go from a horrible banking crisis in the 90’s to sound fiscal positions today. A couple of years ago, when I was writing for the Sovereign Society’s “Currency Capitalist”, I highlighted the way the Nordic countries handled their banking crisis, which was completely different from the way we did it here. Therefore, I don’t expect us to come out of our banking crisis so secure, and fiscally sound.In China. it’s the same-o, same-o. The Economist had a great article in it regarding China’s willingness to widen the distribution of their currency. Banks in Hong Kong and now Taiwan now offer deposit accounts in renminbi/ yuan. I’ve told you about how the surge in Dim-Sum bonds being issued, just adds to the methods that China’s using to promote the use of its currency beyond its borders. So, none of this is new to you dear reader. but, for those that are new to class, these moves by the Chinese to gain a wider distribution of their currency, may be new to them.In New Zealand last night, their manufacturing Index (PMI) increased to 55.2 in January, VS 50.4 in December. That’s a HUGE increase folks, add to that impressive data print, an increase in Consumer Confidence this month, and you have the ingredients for a strong move in the New Zealand dollar / kiwi! At one point overnight kiwi was trading over 85-cents! It has seen some profit taking since then, but still has had a very impressive night! Kiwi is also gaining VS the Aussie dollar (A$), as the A$ feels the pinch of rate cut talks..Well. I’m glad that our President is thinking that bridge repairs are needed in this country. our infrastructure is getting old. And I also liked that he vowed to not add one dime to the deficit. I’m going to leave that right there. I’m afraid I might get on my soapbox and begin to preach. but then, I would probably be just preaching to the choir, eh?Then There Was This. from King World. and it’s a little long, but it plays well with the currency wars theme that we have going right now. This is a snippet of an article I found, written by Robert Fitzwilson, founder of The Portola Group. talking about how we need to follow the bouncing ball again, that is oil, precious metals and tangible assets.“Talk of currency wars continues to dominate the financial news. Ghosts of the ’30s and the “beggar thy neighbor” policies have been resurrected. This is not about beggaring a neighbor this time around. This is not about nationalistic policies to provide markets for goods and employment for citizens. In the Western bloc countries, this time around it is about allowing citizens to remain unemployed. It is about maintaining banking systems at all costs. It is really a policy of “beggaring thy citizens”, not thy neighbor. It is about power. It is about China wanting to regain what they consider their historic role as the economic powerhouse. Russia and China both know that gold is sovereignty and power.Gold, oil and the success or failure of the yuan as a reserve currency are the only bouncing balls that matter in this game of Titans. As investors, we can only step out of the fiat currency arena and acquire what the powerful desire, primarily oil and precious metals. Tangible assets should also be accumulated, not for their role in global supremacy, but their intrinsic value for whatever comes next.The devaluation of fiat currency is on a non-linear trajectory. The dollar deteriorated relatively slowly for 90 years. It deteriorated rapidly in the next 10 years. The final destruction will take only a few years. It could virtually happen overnight as we saw with Venezuela and North Korea.”Chuck again. remember. what I keep telling you, folks..The dollar leads the pack for the currencies in their downward moves. And will remain the leader.To recap. Eurozone 4th QTR GDP contracted, but from the looks of the latest German economic data, this might have been the trough. But it was enough to push the euro down overnight. Japanese yen saw some love on V.D. as a BOJ hopeful called yen’s current range its equilibrium. And Kiwi was the best performer overnight, after a very impressive PMI report.Currencies today 2/14/13. American Style: A$ $1.0340, kiwi .8480, C$ .9985, euro 1.3340, sterling 1.5515, Swiss $1.0840, . European Style: rand 8.9015, krone 5.5170, SEK 6.3345, forint 219, zloty 3.1325, koruna 19.0280, RUB 30.12, yen 93.35, sing 1.2375, HKD 7.7550, INR 53.92, China 6.2316, pesos 12.72, BRL 1.9665, Dollar Index 80.52, Oil $96.93, 10-year 2.03%, Silver $31.01, and Gold. $1,647.57That’s it for today. Well. What did you get your sweetheart? I read a very funny article the other day written by a woman regarding what women want for Valentine’s Day. Here’s a hint. They may tell you they are on a diet, but it doesn’t mean they’re on one today! And here I always thought it was flowers! This will be the first VD that I’ve been away from my sweetheart, since we first met in 1972. Whoa! That’s a long time ago! I wasn’t here to wish you all a Shrove Tuesday earlier this week. My Irish heritage, comes out big time this time of year! The Mardi Gras celebration here in St. Louis, looked like fun was had by all. But now it’s time to reflect. and with that, I hope you have a Tub Thumpin’ Thursday!Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
The primary unit of time measurement for high-frequency traders might be the microsecond, but for normal retail traders, it’s vital to know the best months, days, and even half-hours of the day to make market transactions. Consider Black Friday, the most active shopping day of the year. Let’s say a 60”, 1080p plasma HDTV normally goes for around $900 but on Black Friday is discounted to $500. That’s a 44 percent savings. If you had a desire to own this TV and were somehow guaranteed a way to bypass the rabid mobs, you’d be careless to spend $900 on it the day before. Likewise, you’d be at a disadvantage to buy or sell a security without first conducting some level of research to determine the optimal time, statistically speaking, to make a transaction. At the very least, you should know when not to make a transaction. Fortunately, much of this research has already been conducted. My friend Jeffrey Hirsch, following in the footsteps of his late father Yale Hirsch, has for years edited the invaluable Stock Trader’s Almanac, which is updated annually. The book is notable for finding reliable patterns in market trends and behavior, on both the macro and micro scale. It also gave birth to such well-known investing adages as “Sell in May and Go Away” and the “January Barometer.” 07/09/2010 5.28% 10/03/2008 -4.84% What’s interesting here is that, even though September is historically the worst month in which to trade, it had three of the best weeks and only one of the worst weeks. Conversely, December, one of the best months in which to trade, had only two of the best weeks. No week in December fell in the “worst” category, however. Days: Which day is the best to buy? Which day is the best to sell? That depends on whether we’re talking about days of the week, days of the month, or days preceding or following holidays—there are innumerable contexts and implications to consider, all of which have already been carefully studied and scrutinized by Yale and Jeffrey Hirsch. According to Hirsch, the best day to trade was once the last trading day of the month, followed by the first four trading days of the next month. Front-runners who noticed and took advantage of this trend, however, changed that, and a shift occurred in 1982. Since then, the strongest days tend to fall on the ninth, tenth, and eleventh trading days of the month. In the chart below, you can see what Hirsch’s research says are the days of the week when the greatest likelihood that performance will rise in the Dow will occur. Between 2008 and 2014, Mondays have been the weakest, rising less than 50 percent of the time—the only trading day to fall more than it rises, in fact. 06/30/2011 4.02% 01/18/2008 -4.02% 06/08/2012 3.59% 01/04/2008 -3.50% 03/13/2009 9.01% 01/24/2014 -3.52% 09/03/2010 4.33% 08/19/2011 -4.01% 11/28/2008 9.73% 08/05/2011 -5.75% Source: Stock Traders Almanac 2014, U.S. Global Investors 08/26/2011 4.32% 06/27/2008 -4.19% Again, these charts are imperfect and show only probability. Trading activity can fluctuate widely, especially prior to and after earnings and economic announcements. And there will always be the unforeseen event—a workers’ strike, a CEO’s termination or resignation, civil unrest—that shakes up the market. Now compare the TSX Venture and Market Vectors Junior Gold Miners ETF, both of which have their own DNAs of volatility, to the NASDAQ 100 ETF, which tracks the 100 largest and most active non-financial and international companies listed on the greater NASDAQ—in other words, blue-chip stocks. 10/14/2011 4.88% 11/25/2011 -4.78% 11/30/2011 7.25% 9/23/2011 -6.41% 09/16/2011 4.70% 07/29/2011 -4.24% 10/31/2008 11.29% 10/10/2008 -18.15% 03/27/2009 6.84% 05/23/2008 -3.91% What this shows is that, in August, September, and October, it’s time to “nibble” on stocks, as prices are dropping. In March, April, and May, it’s time to “trim.” As I said, the Dow has been improving slightly in September over the last few years. Its 20-year return has risen to -0.51 percent from its 50-year return of -0.77 percent. Theoretically, investing from November 1 through April 30 and then switching to fixed-income products for the rest of the year seems to be a safe and effective strategy. If you back-test this to 1950 with an initial $10,000 investment, you would have gained an estimated 6,740 percent. Investing the same $10,000 from May through October would have cost you $1,024. What a difference six months makes. I must stress, however, that this chart, and those that follow, shows only probability. Like a basketball bouncing down a rocky mountainside, nothing is certain, and actual behavior varies. Macro events such as presidential elections, midterm elections and changes in fiscal and monetary policy have a dramatic effect on the outcome of the market. For further data, check out the Almanac’s best and worst S&P 500 entry and exit dates, separated into the five best months (November through April, excluding February) and seven worst months (May through October, including February). Weeks: Below you can see the best and worst weeks of the Dow, ranging from 2008 to 2012. 12/20/2013 2.96% 02/20/2009 -6.17% 09/13/2013 3.04% 10/24/2008 -5.35% As a special case study, let’s focus just on the three days before and after a holiday, specifically Labor Day, which Americans recently celebrated. Historically, how does the market react to this particular day? The following chart tracks the historical 33-year performance of four major indexes three trading days before and after Labor Day. As you can see, investors tend to be bullish on the Friday preceding the weekend (-1) and bearish starting Tuesday, the first trading day of the week (+1). The NASDAQ does slightly better than the other three both before and after the holiday, leading into the rest of September. 10/28/2011 3.58% 11/21/2008 -5.31% 07/17/2009 7.33% 05/07/2010 -5.71% 01/31/2008 3.63% 06/20/2008 -3.78% There’s plenty more research on the best days on which to trade—and which to avoid—in The Stock Trader’s Almanac. Hours and Half-Hours: Canada is the largest natural resource market in the world. The TSX Venture Exchange, with a market capitalization of over $37 billion, represents approximately 2,250 small-cap companies, many of them in the mining and metals space. 11/23/2012 3.35% 11/14/2008 -4.99% Best 20 Weeks Worst 20 Weeks 12/23/2011 3.60% 05/18/2012 -3.52% With the TSX Venture, it’s generally smarter to sell rather than buy in the morning. Over the last two and a half years, this is when prices tend to be high. There’s heavy volatility as the market is reacting to what might have happened since the previous trading day’s closing bell. Unless you really know what you’re doing in this particular market, if you buy in the morning, you can often expect to see your shares sink as the day unfolds. The “safest” time to buy would be in the late afternoon. The market has cooled somewhat and traders are gauging where things might be headed. The challenge during this time, however, is that volume has dipped and, as a result, spreads have widened. A similar pattern emerges, a little like the shape of a waterslide, if you chart the intraday performance of the Market Vector Junior Gold Miners ETF, which gives investors exposure to small and intermediate gold and silver companies. Prices are highest in the morning, decrease throughout the afternoon, and then get a final boost starting around 3:00. Making a trade at 9:30, then, will have a vastly different outcome than making one at 1:30. Thirty-five years ago when I was just getting started in the investment business, I asked Yale how he managed to arrive at his findings. He told me that his background in music composition enabled him to “hear” melodies, if you will, in four-year presidential cycles, seasonal cycles, weekly cycles, and more. This interdisciplinary approach of combining music and finance should inspire all investors to leverage their own unique skills, talents, and backgrounds to seek patterns in the market that others might overlook. If you don’t already own a copy of the Stock Trader’s Almanac, I urge you to make a special trip to the bookstore. You can also visit the book’s website and sign up for a free seven-day trial. The site provides a wealth of helpful and fascinating information for investors to peruse. The Best Times to Trade Previously I discussed market patterns in four-year presidential cycles and seasonal cycles. But now let’s look at months and work our way down to half-hours of the trading day. Months: “Sell in May and Go Away” is more than a clever expression. The Stock Trader’s Almanac has over six decades’ worth of data to support the reliability of this strategy. Based on the S&P 500 Index’s monthly closing prices, November, December, and January are the best months for trading volume. Conversely, the worst-performing months of the year fall between May and October. Even though the Dow Jones Industrial Average has been up four of the past five Septembers, the ninth month has still been the worst-performing since 1950 for all of the major indexes and exchanges, including the Dow, S&P 500, NASDAQ, and Russell 1000 Index. 04/18/2008 4.25% 02/08/2008 -4.40% Week Ending % Change Week Ending % Change Best and Worst Weeks for the Dow Jones Industrial Average 2008 through 2014 Over the same timeframe as the previous indexes, the pattern here has almost reversed. Relative lows in the morning. Modest improvement throughout the trading day. You could, in this market, reasonably buy in the morning and sell in the afternoon. You don’t have to be as obsessed and intuitive with statistics and patterns as Yale or his son Jeffrey Hirsch, but it pays to participate. If there’s one thing I want to leave you with, it’s that research must be conducted on the market you’re planning to trade in before you enter. Click here for more info on Frank Holmes and U.S. Global Funds.
This Pays You 3X More Retirement Income Self-made millionaire reveals how investors could collect up to 3 times more income than traditional income investments. It’s from a storm proof investment that could keep you cash-rich for the rest of your life. Click here for all the details. — — Confessions of a Billionaire Broker (And why he left Wall Street…) Teeka Tiwari’s confidential connection – known only as the “Billionaire Broker” – discovered a controversial stock selection system when he worked in an investment bank on Wall Street. In a nearly 3-decade historical trial, his system produced an average gain of 2,418% over the top 150 plays held since 1990. That’s enough to turn $100 in each play into over $360,000. The Billionaire Broker will reveal his identity – and how you can take advantage of his stock selection system – on June 14th. Make sure you don’t miss it… Recommended Link Recommended Link • Silver is money… The word literally means “money” in dozens of languages. And that’s no accident.It has preserved wealth for centuries. And it’s survived every financial crisis imaginable.This makes silver an excellent store of value. It’s why we recommend owning it for the long haul.That said, we’re also speculators here at Casey Research. We love opportunities to make massive gains in short periods of time. We especially like to speculate on resources that other investors hate.And that’s the case with silver right now…• Sentiment towards silver is awful… We know this by looking at the Commitment of Traders (COT) report. This is a report issued by the Commodity Futures Trading Commission. It shows the positions major traders have taken in certain securities and commodities.In April, the COT report showed a net short position of 40,000 contracts by speculative traders. That’s an all-time high. This means that silver has never been more hated.Now, I know that might seem like a reason to avoid silver. But you must understand something.Trades often get crowded like this just before the trend changes. We saw that happen with the VIX earlier this year. In other words, extremely negative sentiment like this can be a contrarian buy signal.Not only that, all this negative sentiment could turn into buying power if silver starts rising. And that’s because traders don’t own a security when they short it. They borrow it. That said, they must buy that security they’ve shorted when they go to close their position.In other words, all these people who are shorting silver could soon be forced to buy silver if it rises enough. And that would act like rocket fuel for the price of silver.• In closing, silver may be on the verge of a massive “short squeeze”… So consider speculating on silver if you haven’t yet.You can do this by buying the iShares Silver Trust (SLV), which tracks the price of silver. That makes it an easy way to bet on higher silver prices.You could also bet on silver miners. These companies are leveraged to the price of silver, which means their shares would soar if silver makes a big move higher.Just remember that mining stocks are highly volatile, so treat them accordingly. Don’t bet more money than you can afford to lose. Use stop losses. And take profits along the way.Regards, Justin Spittler Cusco, Peru June 13, 2018P.S. Strategic Investor editor E.B. Tucker just uncovered another reason why silver’s set to rally. This is something you probably haven’t considered, so be sure to check out his brand-new video presentation on it right here.You’ll also discover how you can access E.B.’s top silver miner to take advantage of this opportunity. Click here to learn more.Reader MailbagToday, high praise for Doug Casey and his new book Totally Incorrect Volume 2:Justin, thanks so much for holding my copy of Totally Incorrect! Can’t wait to read it! Mr. Casey sounds like a REAL American man—too few of those around now! I am honored to have a “place on his list!” I already feel as if I spent an afternoon with my late father, and now I have more time! Again, thank you for your time and trouble. —Jean Doug’s new book is a must-read around our office. It’s Doug’s most controversial book yet… and you can get it for free. This book is not available anywhere else right now. Learn how to get your copy right here.If you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…Why is it that some connected Wall Street insiders always seem to be in the right place at the right time just before a stock shoots up?They’re not lucky… or smart…Instead, they know something that the rest of us don’t… The man they’re calling the “Billionaire Broker” reveals the truth tomorrow night. Details here. By Justin Spittler, editor, Casey Daily DispatchImagine losing $4 million in the blink of an eye.It’s painful to even think about. But that’s how much money one trader lost earlier this year by making an all-or-nothing bet against volatility.He wasn’t alone. Countless traders made similar bets on low volatility, only to get smoked.If you’re a regular reader, you know what I’m talking about. If not, here’s a rundown…• Last year was the least volatile year ever for U.S. stocks… The markets were so calm that many investors were lulled to sleep. They threw caution to the wind. Some people even shorted (bet against) volatility.You can see why that was such a bad idea in the chart below. It shows the CBOE Volatility Index (VIX), or what most people call the “fear index.” This index measures how volatile investors expect the market to be over the next 30 days.This chart shows what the VIX has done over the past three years. When this index is high, it means traders expect a lot volatility. When it’s low, it means they’re less fearful. An extremely low reading can even mean that traders are complacent.You can see that the VIX was in a clear downtrend for years…That’s a long time… but nothing lasts forever.And as you can see, the VIX skyrocketed in January. This crushed traders who shorted volatility. At the same time, it rewarded traders who took the other side of this bet. And that’s why I wrote this essay…• A similar opportunity is staring us in the face right now… Only this time, it’s in the silver market.In a minute, I’ll show you how to set yourself up for major gains. But first, let me tell you why this is such a great speculative opportunity.The chart below shows the CBOE Silver ETF Volatility Index, which you can think of as the VIX for silver. It measures how volatile traders expect the silver market to be going forward.As you can see, the CBOE Silver ETF Volatility Index has been in steady decline since 2011. Last year was an especially calm year for the silver market.This is important because, as I showed you earlier, markets are often calmest just before explosive moves.In other words, silver could be on the cusp of something very big. Now, there’s no way to know if it will “break out” to the upside… or head lower.But my money is on the former.There are a couple reasons for this, which I’ll get to in a second. But let me address something important.
The rising level of carbon dioxide in the atmosphere means that crops are becoming less nutritious, and that change could lead to higher rates of malnutrition that predispose people to various diseases.That conclusion comes from an analysis published Tuesday in the journal PLOS Medicine, which also examined how the risk could be alleviated. In the end, cutting emissions, and not public health initiatives, may be the best response, according to the paper’s authors.Research has already shown that crops like wheat and rice produce lower levels of essential nutrients when exposed to higher levels of carbon dioxide, thanks to experiments that artificially increased CO2 concentrations in agricultural fields. While plants grew bigger, they also had lower concentrations of minerals like iron and zinc.Fewer nutrients in crops means fewer nutrients in food. People who don’t get enough of the right nutrients are more likely to get sick. For instance, kids who don’t get enough zinc are more likely to contract diseases like malaria, pneumonia and diarrhea.A multidisciplinary research team from Stanford put the puzzle pieces together and saw a potentially disturbing chain of events.”We expect nutrient deficiencies to really increase dramatically from higher carbon dioxide in the atmosphere,” says Dr. Sanjay Basu, assistant professor of medicine at Stanford University School of Medicine and one of the study’s authors. “In the long run, I think it’s likely to cause some chronic problems we haven’t prepared for.” But how many more people would get sick, and what could be done to keep that from happening?To answer this question, the researchers took the data we already know about carbon dioxide and crop nutrients and extended it to future CO2 concentrations. Atmospheric carbon dioxide concentrations are expected to rise from 400 parts per million to 550 ppm by 2050.Assuming people keep eating the same things, the researchers were able to predict how many more people would become nutrient-deficient as a result of their less nutritious diets. From there, the researchers then inferred changes in disease rates.The results suggest that rising CO2 will cost the world roughly 125 million disability-adjusted life years – which are roughly equivalent to a year of healthy life – because of higher rates of disease between now and 2050.That number can be hard to wrap your head around, but Dr. Samuel Myers, senior research scientist at Harvard T.H. Chan School of Public Health, says that it’s in line with previous estimates of “somewhere between 100-200 million people being pushed into risk of deficiency.” Myers has authored several papers on the effect of CO2 on crop nutrition but wasn’t involved in this study.Most of the people affected would be in areas prone to malnutrition in Southeast Asia and Africa. Developed regions, such as Europe and North America, are unlikely to be heavily affected.Next, the researchers simulated what would happen if countries took steps to mitigate the threat, such as reducing CO2 emissions in line with the Paris Agreement on climate, or passing out zinc pills to affected populations.The researchers found that roughly half of the added disease burden could be avoided if CO2 levels were cut to levels stipulated by the Paris Agreement—480 ppm. But public health initiatives, like iron distribution or malaria mitigation, would only reduce the problem by a 20 percent.”Some of the climate change mitigation policies might be even more effective than public health measures to help avert this problem,” states Basu.Mathematical biologist Irakli Loladze, an associate professor at the Bryan College of Health Sciences in Lincoln, Neb., says that this is the study’s most important finding.”The novel part is their estimate for the effects of various interventions,” Loladze explains. “What’s interesting is that interventions such as zinc or iron supplementation actually have little effect.”Although it’s tempting to believe that nutrient deficiencies are easily solved, Loladze points out it’s often difficult. “Many will often say, ‘Hey, let’s just do supplementation. Everybody will take a pill.’ Which of course is very naive thinking,” Loladze says.He cites iodine as an example. Iodine deficiency has been effectively treated in many places by adding iodine to food staples like salt. Still, hundreds of millions of people remain iodine deficient because their governments lack the money to implement such large-scale health programs.Other warn against taking the authors’ estimates of disease burden too literally. Predictive models are only as good as the numbers they use, and some of the estimates plugged into the model are murkier than others.”We don’t have highly accurate information about what everyone in the world is eating,” says Harvard’s Myers.Myers also highlights the difficulty of linking diet to nutrient deficiency, since the absorption of many nutrients – especially iron – is influenced by a variety of factors such as personal health and whether food contains iron-binding compounds that inhibit absorption. Still, Myers emphasizes that the numbers used in the study are the best we’ve got.A few things could happen to keep the predictions from coming true. Carbon dioxide emissions could be cut, and global diets could shift. Diets have changed dramatically in places like China, where more people are eating meat, a better source of iron than most plant-based foods. Additionally, Myers notes that some crop varieties appear resistant to the CO2-associated decrease in nutrition, and those varieties could provide the foundation for agricultural production in an increasingly CO2-rich atmosphere.The burden of addressing nutrient deficiency is not likely to fall on the people most responsible for the change. In the end, the study highlights how the habits of affluent countries trickle down to affect the world’s poor.”It’s the wealthy people in the world who are emitting lots of carbon dioxide,” Myers says. “Wealthy consumption patterns are putting the poorest, most vulnerable people in harm’s way.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.
The Sackler family’s $1.3 million donation to the U.K.’s National Portrait Gallery will not go ahead as planned, as both sides say they’re concerned that allegations of opioid profiteering against the family could overshadow the gift and become a distraction. “It has become evident that recent reporting of allegations made against Sackler family members may cause this new donation to deflect the National Portrait Gallery from its important work,” a spokesperson for the Sackler Trust said. “The allegations against family members are vigorously denied,” the spokesperson’s statement said.The Sackler family owns Purdue Pharma, the company that has made billions of dollars off of OxyContin and is accused of pressuring doctors to prescribe the opioid while also misleading the public about its dangerous addictive qualities.”The Sacklers are major donors to museums, galleries and theaters in the U.S. and Europe,” NPR’s Elizabeth Blair reports. “Artists and activists are putting pressure on those institutions to stop taking their money.”Purdue Pharma has previously admitted to committing a felony and paid millions of dollars in fines, and it’s currently facing numerous lawsuits. But one suit in particular, from Massachusetts Attorney General Maura Healey, seeks to implicate eight members of the Sackler family, accusing them of trying to maximize their profits even as they knew the painkiller was causing deadly overdoses.Since December, the Massachusetts lawsuit has added new details about the allegations, portraying former Purdue Pharma Chairman and President Richard Sackler as being “obsessed with profits in Massachusetts and the rest of the country,” as member station WBUR reported in January. More revelations emerged after heavy redactions were lifted from Healey’s 274-page complaint last month, showing Purdue Pharma had hired a consulting firm to help its sale reps target “high-prescribing” doctors, as WBUR reported. The lawsuit says that between 2008 and 2016, the painkiller company paid Sackler family members more than $4 billion. In response to the suit, Purdue Pharma said Healey’s conclusions are wrong, and that the company is being used as a scapegoat for America’s opioid crisis.Oxycodone — the semi-synthetic opiate whose forms include OxyContin and other brand names — was the No. 1 cause of overdose deaths in 2011, in cases where at least one specific drug was mentioned. Since then, heroin and fentanyl have become the top overdose threats in the ongoing opioid crisis. But through at least 2016, oxycodone’s overdose rate also rose slightly, according to the Centers for Disease Control and Prevention.The Sackler family’s donation to the National Portrait Gallery in London has been in limbo since 2016, when the Sackler Trust presented it as a way to help pay for a construction project. Since then, the BBC reports, “The gallery had been mulling over whether to accept it.”The Sackler Trust and the National Portrait Gallery announced the gift’s withdrawal in a joint statement, with museum officials repeatedly saying the decision had come from the family. “We understand and support their decision not to proceed at this time with the donation,” National Portrait Gallery Chair David Ross said. A gallery spokesperson added: “We fully respect and support the Sackler family’s decision.” Copyright 2019 NPR. To see more, visit https://www.npr.org.
Gordon Ryan Competition Kit Top Contenders for Fight of the Year Latest From Our Partners Greatest Highlights of Anderson Silva’s Career King Ryan Longsleeve Shirt Conor lashes out at Herb Dean, says Khabib was ‘riddled in panic’ during bus attack Timeline of Israel Adesanya’s Rapid Rise to UFC Contender In this Storystream Standard Ranked Rashguard Bellator NYC: Sonnen vs. Silva post-fight press conference video Bellator’s Heather Hardy talks surviving sexual assault Brock Lesnar’s WWE Future After UFC Retirement Latest From MMA Warehouse Accessories Gloves Bellator NYC: Sonnen vs. Silva live stream, results, PBP White on Nunes-Cris rematch: ‘That’s the fight I want to make’ Lockdown duffle bag ProMax 440 BJJ GI Sale Bloody Elbow More From More: Apparel Nightmare Matchup for UFC’s Biggest Stars Good Night Tee White: McGregor didn’t like my comments about Masvidal being ‘too big’ for him Robert Whittaker hails ‘Wonderboy’ the best ‘outside fighter’ in MMA Join us on Bloody Elbow at approximately 1:30 AM ET/10:30 PM PT for live streaming video of the Bellator NYC: Sonnen vs. Silva post-fight press conference. You can watch the stream at the top of the page, or go to Youtube directly if you prefer that. Be sure to follow Bloody Elbow’s Victor Rodriguez, who is on-site at Madison Square Garden in New York for us and covering the event from cageside. Expected to be present at the presser are Bellator President Scott Coker, along with the stars of tonight’s pay-per-view, including headliners Chael Sonnen and Wanderlei Silva, as well as co-headliners Fedor Emelianenko and Matt Mitrione. The press conference will include the fighters and Coker fielding questions from the media, and considering who’s involved on the card, we’ll surely get some memorable lines. Please note that depending on what time the card ends, the press conference may start later than originally scheduled. Bellator NYC/Bellator 180 live results, play-by-play, analysis, highlights, more Standard BJJ Gi UFC on ESPN: Covington vs. Lawler fight card UFC 240: Fights to make View all 35 stories Which is More Dangerous – MMA or Football?
dispensaries.com A new study involving millions of medical records and analysis of patient outcomes has found that those who use marijuana have a better chance of surviving after being hospitalized with a heart attack.While researchers from the University of Colorado said further study is needed, they also wrote that they “would strongly suggest that marijuana use is associated with a significant decrease in in-hospital mortality” for those admitted with a heart attack.It’s yet another in a growing list of potential medical uses for cannabis that is being stymied, at least in the United States, by the continued illegal status of marijuana at the federal level and the lack of quality cannabis for research purposes.Related: Researchers Find People Who Use Cannabis Are More Motivated to ExerciseThe Impact of Heart DiseaseHow cannabis could impact heart health is a major area of study for researchers. That’s because heart disease accounts for about one in every three deaths in the United States, according to findings in research funded by the American Heart Association. Other eye-opening numbers from the research include:Every day, about 2,200 Americans die of cardiovascular disease. That’s one death every 40 seconds.To put it in perspective, more Americans die of heart diseases every year than those who die of cancer and Chronic Lower Respiratory Disease – combined.About 92.1 million American adults have some form of cardiovascular disease or are living with the after-effects of strokeThe costs associated with cardiovascular diseases and stroke are estimated at more than $316 billion, a number that considers health expenditures and lost productivity.With those kinds of numbers, it’s no surprise people take notice when a study finds that there is possibility a new treatment that can prevent death from heart attack.Related: Harvard, MIT Receive $9 Million Donation to Conduct Marijuana ResearchThe Study’s FindingsAcute Myocardial Infarctions (AMI) is the medical term used to describe a patient who has had a heart-related emergency. To understand how marijuana might impact those who experience an AMI, the University of Colorado researchers analyzed hospital records for 1,273,897 AMI patients. They then focused on the 3,854 among that group who admitted to marijuana use.They found that those who used marijuana had a decreased risk of:DeathShockHaving to have a balloon inserted into a blocked arteryOf the three, the first one obviously caught the researcher’s attention the most. “Perhaps the most striking finding of our study is that marijuana use prior to AMI was associated with decreased in-hospital mortality post AMI,” they wrote.They added that this finding actually keeps with what has been discovered in previous studies, citing a 2017 study led by researchers from the Atlanta Veterans Affairs Medical Center, Texas State University and Nassau University Medical Center in New York.The 2017 study found marijuana use did not increase the chance of mortality among those hospitalized with a heart attack. Those earlier researchers also had analyzed millions of patient hospital records.Follow dispensaries.com on Twitter to stay up to date on the latest cannabis news. Easy Search. Quality Finds. Your partner and digital portal for the cannabis community. Next Article May 21, 2019 Add to Queue Guest Writer Health How cannabis could impact heart health is a major area of study for researchers. –shares Image credit: katleho Seisa | Getty Images Free Green Entrepreneur App Opinions expressed by Entrepreneur contributors are their own. Study Finds Marijuana Users Have Better Chance of Surviving Heart Attack 3 min read Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. Download Our iOS App
1 min read Microsoft to Cut 2,850 More Jobs Add to Queue Microsoft Corp. said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.Microsoft bought Finland-based handset maker Nokia in 2014 in an ill-fated attempt to take on market leaders Apple Inc. and Samsung Electronics Co. Ltd. Chief Executive Satya Nadella, who took the helm just two months before the deal closed, has since focused on restructuring the struggling phone business.Microsoft had about 114,000 full-time employees as of June 30.(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty) Reuters –shares This story originally appeared on Reuters Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Microsoft Fireside Chat | July 25: Three Surprising Ways to Build Your Brand July 29, 2016 Next Article Enroll Now for $5 Image credit: photogearch / Shutterstock
Reviewed by James Ives, M.Psych. (Editor)Jan 17 2019Chaos in bodily regulation can optimize our immune system according to a recent discovery made by researchers at the University of Copenhagen’s Niels Bohr Institute. The discovery may prove to be of great significance for avoiding serious diseases such as cancer and diabetes.Wide gaps exist in our understanding of how the immune system works and how we might avoid diseases such as cancer and diabetes. Now, two researchers at the University of Copenhagen’s Niels Bohr Institute have made a discovery that could prove to be an important piece of the puzzle. PhD Mathias Heltberg and Professor Mogens Høgh Jensen have found an entirely new mechanism in the way that bodily cells regulate themselves – through chaos.The researchers investigated how a particular protein produced within cells, NF-kB, stimulates genes. Among other things, this particular protein is vital for maintaining the body’s immune defense system and thereby, the body’s ability to combat disease. The concentration of NF-kB fluctuates over time, and these swings impact the genes and subsequently, the condition of cells.The researchers demonstrated that chaotic swings in the concentration of the protein – what in mathematics is known as chaotic dynamics – can increase the activation of a number of genes that are otherwise not activated. In other words, when in a chaotic state, the NF-kB protein is most effective at activating genes and optimally “tuning” the immune system.”The results can have a tremendous impact on our understanding of how the immune system functions and how the incidence of some of the most serious illnesses, including diabetes, cancer and Alzheimer’s, might be avoided. For example, we know that cancer is related to a failure of signaling within the body. So, to avoid cancer, it is imperative to have the right dynamic at work in cells,” says Mogens Høgh Jensen, a professor in biocomplexity at the University of Copenhagen’s Niels Bohr Institute.Related StoriesStudy shows potential culprit behind LupusMaking Bacterial Infections a Thing of the Past for Chronic Respiratory ConditionsMathematical model helps identify determinants of persistent MRSA bacteremiaImproved knowledge can improve cancer treatmentThe researchers point out that this new knowledge can be deployed in future therapies.”These could come in the form of new medications that ensure proper protein function. Therapies could also involve the withdrawal and testing of cells from a body to gauge whether cells are in the right condition to have the correct swings. If they aren’t, it may be possible to predict and discover illnesses before they occur,” explains Mathias Heltberg, a PhD student in Biocomplexity.The research results are among the first to prove that chaos can be an important aspect of the mechanisms that steer the enormous complexity characteristic of all living things. Even the researchers were surprised by their discovery, as chaotic dynamics is often seen as something that living organisms seek to avoid. The new knowledge opens up an entirely new understanding of how genes can be regulated through varied swings in the proteins that control them.”Chaos is a mathematically well-defined dynamic, one that, for example, has previously been used to explain great changes in weather systems. With the enormous complexity that characterizes higher order living things, it is evident that chaotic dynamics will occur in different types of systems. But how chaos plays a decisive role in living cells is entirely new,” concludes Mogens Høgh Jensen. Source:https://www.science.ku.dk/english/press/news/2019/chaos-in-the-body-tunes-up-your-immune-system/
By Dr. Ananya Mandal, MDMar 18 2019Around a fourth of cancer patients under the NHS have a worryingly long wait for their treatment to begin. This is a cause for significant concern say experts. The new figures from NHS England reveal that the health service has not been meeting targets of on-time health care delivery to cancer patients for over 1,000 days. Similar figures have emerged from the A&E department performance.The figures further show that after an urgent GP referral for a cancer patients, ideally the treatment should begin within 62 days. According to recommendations at least 85 percent of the patients should be seen during this time. January figures however reveal that only 76.2 percent of the patients are seen within this time frame.According to Dr Fran Woodard, executive director of policy and impact at Macmillan Cancer Support, “January 2019 marks five years since the 62-day cancer target was first missed and, despite the best efforts of hard working NHS staff, more than 127,000 people have been left waiting too long to start vital treatment throughout that time.” A spokeswoman from the NHS said in a statement, “More people than ever before are coming forward for cancer checks, with a quarter of a million more people getting checked for cancer this year and thousands more being treated within the two-month target. NHS England is investing an additional £10m this year to treat extra people and the NHS Long Term Plan sets out a range of ambitious measures to catch more cancers earlier, which will save thousands of lives every year.”Related StoriesTrends in colonoscopy rates not aligned with increase in early onset colorectal cancerStudy: Nearly a quarter of low-risk thyroid cancer patients receive more treatment than necessaryBacteria in the birth canal linked to lower risk of ovarian cancerWaiting time has not been looking good for the A&E department as well says the report. Only 84.2 percent of the patients are seen within the four hour target time. The recommended numbers of 95 percent have not been met since July 2015, says the report. An NHS spokeswoman said to this, “Despite significant increases in demand, almost a quarter of a million more people have been seen and treated within four hours in A&E this winter compared to last year. Ambulance services are responding to life threatening calls faster, with fewer ambulance handover delays at A&E, and significantly more people have got the support they needed to avoid a long stay in hospital.”The Royal College of Surgeons has issued a statement saying that 227,569 patients are kept waiting for over six months for a planned procedure. At present 4.16 million people are waiting to start on their treatment says the report. Professor Derek Alderson, president of the RCS, in a statement said, “The backlog of patients waiting to start treatment continues to grow. There are now over 100,000 more patients waiting longer than 18 weeks to start treatment when compared with the same time last year.”Labour’s shadow health secretary Jonathan Ashworth in a statement said, “Today’s statistics will do little to allay frontline concerns that targets will be changed not on the basis of clinical consensus, but because of political pressure from Tory ministers.” He called the situation “shameful”.
Source:Plataforma SINC Having this possibility on the horizon favours the patients’ focus on living well, a better acceptance of palliative care and a greater openness to meaningful conversations with the health team about the end of their lives.”María Arantzamendi Setting priorities and making choicesThe later phase continues to integrate advanced cancer into everyday life in order to minimize its impact. “The key is to be aware of one’s life span. This makes them focus on what really matters, set priorities and make choices,” she adds.Related StoriesSpecial blood test may predict relapse risk for breast cancer patientsLiving with advanced breast cancerNew study to ease plight of patients with advanced cancerFor the researchers, four strategies facilitate this challenge: making adjustments in daily life to integrate treatments or problems derived from the disease, maintaining a positive attitude, normalizing the natural aspects of life – for example, that all human beings die – and having hope – being open to new possibilities, such as feeling better.The fourth phase consists in sharing the experience of living with the disease and involves maintaining family and social relationships that help one feel supported. The authors indicate that it is necessary to have someone to count on, especially in the family environment. They also stress the importance for patients of protecting their loved ones.The last phase shifts attention away from oneself and the disease to ‘living in the moment.’ “Participants made significant contributions to their family, community and society, such as donating their bodies to science, helping others or planning for their family’s well-being after their death,” Arantzamendi stresses.Likewise, the strategies they used to maximize life time were fundamentally two: paying full attention to moments of joy or beautiful things and controlling thoughts, particularly those related to illness and death.Acceptance: a process with ups and downsThis study, published in the journal Qualitative Health Research, has several implications for practice. The authors stress that acceptance is key to living well with advanced cancer, although it requires time and is a process with ups and downs.Therefore, they do not recommend health professionals to focus prematurely on acceptance, as this may interfere with the construction of a supportive therapeutic alliance. On the other hand, they emphasize that maintaining a positive attitude is of great importance, but that this does not imply leaving aside one’s awareness of the proximity of death. That leads to the second step, to accept, to a greater or lesser extent, the illness, the limitations that arise, the finitude… and to cope with the situation with relative peace.”María Arantzamendi, researcher at the University of Navarre Reviewed by Alina Shrourou, B.Sc. (Editor)May 14 2019A qualitative study of 22 cancer patients shows how acceptance is key to living as well as possible, although it requires time and is a process with ups and downs. Led by the University of Navarre, this research emphasizes the importance of focusing on life rather than on the disease.Each year 14.1 million new cases of cancer are diagnosed, 8.2 million people die from the disease and another 32.6 million live with it. In recent years, new therapies have favored an early diagnosis and a progressive increase in life expectancy.It is no longer rare to see cancer as a chronic pathology that, although it cannot be cured, can be controlled for many years. For oncologists, this implies a new challenge: to increase the quality of life of patients in this period.A study spearheaded by the Instituto Cultura y Sociedad (ICS) of the University of Navarre, in which the University of British Columbia (Canada) has also collaborated, analyses the experience of 22 people with advanced cancer who receive treatment in three health centers in Spain.The number of patients is reduced because it is a qualitative research, that is to say, it requires a very close follow-up, with in-depth interviews. The so-called theory of how to live well with chronic diseases, proposed in 2017 by one of the authors of this new work, Carole Robinson was applied to this group.This theory was developed from a field study of 43 patients and describes five interconnected phases: struggle, acceptance, living with chronic disease, sharing experience, and rebuilding life.Qualitative research techniques have shown what this process is like for this type of patient. According to María Arantzamendi, a researcher at the University of Navarre and the main author of the new study, “the process of living with advanced cancer revolves around the awareness of the finitude of life with five phases that patients can relive throughout the process.”The first phase begins with a struggle, when patients are either diagnosed with advanced cancer or are aware that something is happening to them; they experience shock, anger, anxiety and fear.Participants recognized that, over time, they realized that this struggle created additional difficulties for them – even if they returned to it following complications or bad news – and that it was counterproductive for them to move on with their lives. The researchers emphasize the importance of love and family support for a good life at the final stages of the disease. “This also requires the involvement of health professionals, especially as regards helping patients to find the balance between sharing their experience and keeping information in order to protect their loved ones,” she concludes.
Imagine waking up tomorrow in a world that doesn’t depend on oil. Explore further Provided by University of Alberta That might seem far-fetched, but as engineers and scientists come up with new ways to harness renewable energy, those new sources of energy may soon shape the way our societies function and how we live our daily lives.”We’re going to stop depending on oil long before we run out of it, so we really need to exercise our imaginations about what other futures are possible,” explains University of Alberta associate professor Sheena Wilson, who heads the Future Energy Systems energy humanities theme.”Right now we live in sprawling urban communities with long commutes—we drive everywhere. If we don’t have access to such powerful energy sources, and our lives aren’t organized around auto-mobility, the shape of our cities looks very different. We need to think about communities we’re shaping through the energy systems we’re designing.”Decentralization of energy through the development of wind, solar, biofuels and geothermal could mean that communities no longer need to be centralized. Societal power structures defined by those who presently control energy and wealth could also fundamentally change.If someone living in a remote location unconnected from the grid could have the same reliable energy as someone living in an urban centre, would people need to live together in cities at all? Possibly, but maybe for entirely different reasons.”Our communities might need to be organized in entirely new ways—around social and environmental sustainability, instead of around the easy flow of traffic and consumer goods,” said Wilson.”We can ask ourselves all sorts of questions about why we live the way we live—and if changing the way we access energy will change everything,” she added.Fuel for thoughtThe U of A cultural studies and media expert based in Campus Saint-Jean has been exploring the social aspect of the energy future for years. In 2011 she co-founded the Petrocultures Research Group to explore humanity’s next step after the oil-dominated economy. The group has generated a number of interdisciplinary projects and expanded its membership internationally. One of its research initiatives, After Oil: Explorations and Experiments in the Future of Energy, Culture and Society, explores “the social and cultural implications of oil and energy.” Sheena Wilson, principal investigator with the energy humanities theme of the U of A’s Future Energy Systems initiative, interviews engineering professor Marc Secanell, director of the Energy Systems Design Laboratory. “We’re not just hearing about the next big thing in energy third-hand—we get the chance to talk directly to Canada’s leading energy researchers,” Wilson says. Credit: Kenneth Tam Alaskan microgrids offer energy resilience and independence When the Future Energy Systems research initiative launched at the end of 2016, Wilson was asked to develop the energy humanities theme, which has brought a group of interdisciplinary humanities scholars into the program to work closely with scientists, engineers and social scientists.This approach is unique, and when the UN Intergovernmental Panel on Climate Change (IPCC) conference came to Edmonton earlier this month, Wilson and her group were invited to make a mainstage presentation about the energy humanities’ program and how it is now imagining possible futures based on the latest energy research.”We’re not just hearing about the next big thing in energy third-hand—we get the chance to talk directly to Canada’s leading energy researchers, see what’s too new to have hit the headlines and provide input to IPCC reports and recommendations that will influence policy at all levels of government,” said Wilson.Envisioning alternative energy futuresEnergy humanities researchers across the arts faculty—including art and design, English and film studies, sociology, political science and history—are working with scientists, government, artists, activists and Indigenous communities to foster inclusive dialogue.”We’re trying to bring together people from diverse backgrounds and disciplines to inform the thinking we’re all doing as we work toward other possible futures,” said Wilson.The fine arts will also play a role in imagining those futures. A seven-year Future Energy Systems project called Speculative Energy Futures—collaboratively led with art and design historian Natalie Loveless under a larger research initiative called Just Powers, for which Wilson is the research lead—will produce a large-scale, evidence-based exhibition and a series of publications to provide visual perspectives on the social and cultural impacts of energy transition.Another Just Powers visual project called iDoc has been capturing the work of Future Energy Systems on video. In addition to filming interviews and lab footage with U of A researchers, the project will include policy-makers and other players engaged with energy transition in Alberta more widely.This research will be archived for posterity by University of Alberta Libraries, and made available through open access in a range of formats on the web and in public screenings so it can inform public discussions about the possibilities and limits of energy transition and its politics.”Fifty years from now, people might be explaining to their grandkids what it was like to have their houses connected to a central power grid—or to ‘fill up’ their cars,” Wilson said. “We want them to understand why we made the decisions we did, and what we were thinking.” Citation: Understanding how society will change as we move to renewable energy sources (2018, March 30) retrieved 18 July 2019 from https://phys.org/news/2018-03-society-renewable-energy-sources.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Here are the highlights:___MAPS: Google will use augmented reality to help guide you to your destination. When you pull up direction on Google Maps, you can look through the camera and get turn-by-turn directions while viewing the actual street. The app will also orient you and verify your position using local landmarks such as buildings and shops viewed through the camera. Google calls the technology VPS, or visual positioning system. The feature is expected this summer.___GOOGLE DUPLEX: Google’s digital assistant will call actual people at businesses to make restaurant reservations and hair appointments and check holiday hours. In two demonstrations, a realistic-sounding automated voice used pauses and “ums” and “mmm-hmms” to sound more human during interactions with people. Google says the technology is rolling out as “an experiment” in coming weeks. Google says it’s still figuring out how to be upfront and let businesses know that they are talking to a computer.___GMAIL: An autocomplete feature called “smart compose” uses artificial intelligence to suggest ways to finish sentences you start typing. For example, “I haven’t seen you” might be autocompleted to “I haven’t seen you in a while and I hope you’re doing well.” The feature will start rolling out this month. NEWS: Google is redesigning the News feature to present five stories you need to know, plus others that it thinks will be most relevant to you. For outlets with subscriptions, Google will allow you to subscribe directly through your Google account, without needing new passwords or credit card information. The feature should be available to everyone by next week.___ANDROID P: The version of Google’s Android phone software will infuse basic functions with AI smarts. The battery will adapt to how you use apps in order to conserve energy. “Adaptive brightness” will learn how bright you like your screen based on manual adjustments, instead of automatically adjusting based on the how bright it is. Apple’s latest system, iOS 11, has a similar feature. Owners of some Android phones—none from Samsung—can get an early test version now.___WELL-BEING: Android P also includes features to combat overuse. A “shush” mode automatically turns on the “Do Not Disturb” mode when you turn your phone face down on a table. And “Wind Down Mode” will fade the screen to greyscale at a designated bed time to help you disconnect before bed. ___LENS: Google’s visual assistant will be built into the camera. Just point the camera at a building or sign to get more information. Or copy text from images of menus, documents and other sources into another app on your phone. Samsung phones aren’t on the list of phones getting the feature starting next week. Samsung has its own version, Bixby Vision.___ © 2018 The Associated Press. All rights reserved. Google CEO Sundar Pichai speaks about gmail features at the Google I/O conference in Mountain View, Calif., Tuesday, May 8, 2018. (AP Photo/Jeff Chiu) Google CEO Sundar Pichai speaks at the Google I/O conference in Mountain View, Calif., Tuesday, May 8, 2018. (AP Photo/Jeff Chiu) Google showcased its plans for the next several months as it kicked off its annual developers’ conference Tuesday. Many of the new features center on the use of artificial intelligence to help save time. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Google showcases AI advances at its big conference Citation: At a glance: How new Google features tap digital smarts (2018, May 8) retrieved 18 July 2019 from https://phys.org/news/2018-05-glance-google-features-digital-smarts.html Google CEO Sundar Pichai speaks under a video showing singer John Legend at the Google I/O conference in Mountain View, Calif., Tuesday, May 8, 2018. (AP Photo/Jeff Chiu) Explore further ___PHOTOS: When Google recognizes a photo of someone who is one of your contacts, it can suggest sending the photo to that person. It can also convert photos to PDFs and automatically add color to black-and-white photos or make part of a color photo black and white. The changes are coming in the next few months.___GOOGLE ASSISTANT: Google’s digital assistant will get six new voices, including one based on that of singer John Legend, later this year. The voices aim to sound more natural and will include pauses that convey meaning. Google is also unveiling ways to let you issue multiple commands without having to say “Hey Google” each time. And it will reward kids who say “please,” similar to a feature Amazon is bringing to its Alexa voice assistant.
If you can recognize structures around you while walking down a city street, you have your eyes to thank. Humans can automatically perceive 3-D structure in the world by identifying lines, shapes, symmetries and the patterns and relationships between them in things like buildings, sidewalks and everyday objects. But can a computer be taught to do the same? Credit: CC0 Public Domain Zihan Zhou, assistant professor of information sciences and technology at Penn State, is setting out to explore that question thanks to a recent grant from the National Science Foundation.”We want a computer to see 3-D space as humans do,” said Zhou. “This particular award and project is about structure perception, which has been largely ignored in 3-D vision. This is something that has not been done before.”Structure perception is the ability of a human’s eyes to organize data or patterns and group them in certain ways. For example, a human can look at a line drawing of a building and visualize doors, windows and walls.”There are many types of these relationships in the real world, and humans make use of those relationships to sense the 3-D space,” he said. “Human eyes can easily perceive these kinds of things. The question now is: Can the computer have the ability to sense these things as a human does?”To answer that question, Zhou plans to develop a new data-driven framework for structure discovery, leveraging the availability of massive visual data and recent advances in machine learning techniques.These techniques could then be applied to a wide spectrum of real-world computer vision problems, including 3-D modeling of urban environments, virtual and augmented reality, and autonomous driving. The research could also impact cognitive sciences, by suggesting new computational mechanisms for image understanding; and human-robot interaction, by enabling robots to reason in terms of geometric shape, physics and dynamics.”If a robot recognizes something as a specific type of structure, then it knows how to interact with it,” said Zhou. “For example, if a robot is able to recognize a structure with a flat top, it would know that it could put an object like a cup on it.”Additionally, the framework may impact the work of architects, designers and engineers.”If you think of those architects, they are working with 3-D models every day,” said Zhou. “If they build something, they first create line drawings. So if a computer can understand doors and windows in the drawings, it would be very useful for architectural design and engineering.”Zhou developed an interest in this topic while a graduate intern at Adobe. In his internship, he studied the relationship between camera motion and the environment, which could help the movie industry to analyze scenes.”I tried to extract some kinds of structures from the videos and the sequence of the camera,” he said. “At that point it was to analyze camera trajectory for the movie industry, but later we realized it was more systematic.”Now, at Penn State, Zhou hopes to leverage the interdisciplinary network to advance his work.”IST has people working in diverse areas, and many of them can be impacted by this kind of work,” he said. “This has generated a lot of interest in different areas. We are looking to extend this beyond and to find applications to make this more collaborative.””About 70 percent of information we obtain is from visual cues from our eyes,” he concluded. “Obviously we have areas like natural language processing to help understand speaking and sounds, but human vision is the dominating factor in how we understand this world. To make the computer see the world as we do is one of the most exciting areas in artificial intelligence and computer science.” Explore further Provided by Pennsylvania State University Researchers use AI to add 4-D effects to movies Citation: Helping computers to see 3-D structures (2018, November 30) retrieved 17 July 2019 from https://phys.org/news/2018-11-d.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Paul E. Smith, Lecture Demonstrator for Chemistry, Purdue University This article is republished from The Conversation under a Creative Commons license. Read the original article.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoKelley Blue Book2019 Lexus Vehicles Worth Buying for Their Resale ValueKelley Blue BookUndoFinance DailySeniors With No Life Insurance May Get Up To $250,000 If They Do This…Finance DailyUndoAncestryThe Story Behind Your Last Name Will Surprise YouAncestryUndoFinance101Oprah’s Mansion Costs $90 Million, And This Is What It Looks LikeFinance101Undo In the earliest days of the United States, John Adams wrote to his wife Abigail about the celebration of independence, “It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more.” “Bonfires and illuminations” refer directly to what we know as pyrotechnics and firework displays. I’m a chemist and also president of Pyrotechnics Guild International, an organization that promotes the safe use of fireworks and using them here in the U.S. to celebrate Independence Day and other festivals throughout the year. As a chemist, and someone who leads demonstrations for chemistry students, I consider fireworks a great example of combustion reactions that produce colored fire. But the invention of colored fireworks is relatively recent and not all colors are easy to produce. Early history of fireworks Firecrackers were first invented serendipitously by the Chinese in 200 B.C. But it wasn’t until one thousand years later that Chinese alchemists developed fireworks in 800 A.D. These early fireworks were mostly bright and noisy concoctions designed to scare evil spirits — not the colorful, controlled explosions we see today. Fast forward another millennium and the Italians figured out how to add color by introducing various elements to the flammable mix. Adding the element strontium to a color pyrotechnic mix produces a red flame; copper, blue; barium, green; and sodium for yellow.Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接https://www.livescience.com/65860-why-blue-fireworks-are-rare.html?jwsource=cl已复制直播00:0000:3500:35 Too much or too little of the chemicals make significant changes in the temperature and thus the wavelength of color seen. The proper mixture of chemicals when ignited produce enough energy to excite electrons to give off different colors of light. Even though the chemistry of these colors isn’t new, each generation seems to get excited by the colors splashed across the sky. We now have a wide range of flame colors: red, green, blue, yellow, purple, and variations of these. Each color works the same way. As different elements ignite they release different wavelengths of light which translate as different colors. Making that perfect blue firework Not all colors of fireworks are equally easy to create. I believe several of my colleagues in pyrotechnic research and development would agree with me that blue is the most difficult color to produce. That is because the evening sky is a shade of blue, which means that most blues do not show up as well. If you try to make the blue brighter to contrast with the background it can look washed out. The right balance of copper and other chemicals in the flame or combustion reaction produce the best blue color flame in a firework. I have taken this into account when trying to create the best blue flame color, which I call pill box blue. It is just bright enough to stand out against the night sky but still a rich blue. I have over 20 blue pyrotechnic formulas and I have found one that comes very close to this elusive hue. Another difficulty in creating an intense blue color is that the chemistry is not simple. It requires a combination of several chemicals and the element copper. When copper ignites, the electrons surrounding the copper atoms get excited and energized in the flame. When the electrons release this energy, it appears to observers as blue light. Each color works the same way. As different elements ignite they release different wavelengths of light which translate as different colors. So when you see blue-colored dots of light creating a pattern in the night sky, you really are seeing excited electrons releasing energy as blue light. [Expertise in your inbox. Sign up for The Conversation’s newsletter and get a digest of academic takes on today’s news, every day.]
SHARE courts and legal Delhi is getting buried under mounds of garbage and Mumbai is sinking under water, but the government is doing nothing, an anguished Supreme Court said today It slapped fines on 10 states and two union territories for not filing their affidavits on their policies for solid waste management strategy. Expressing its helplessness over the situation, the top court lamented that when the courts intervene, the judges are attacked for judicial activism, and said what can be done when government of the day does not do anything or acts in an irresponsible manner. A bench of Justices M B Lokur and Deepak Gupta referred to the recent apex court order on the powers of the Delhi government and Lieutenant Governor and asked them to inform it by tomorrow who was responsible for clearing of the three “mountains of garbage” (landfill sites) at Okhla, Bhalswa and Ghazipur in the national capital. “You see, Delhi is getting buried under mountain loads of garbage and Mumbai is sinking. But yet, the government does not do anything. When the courts intervene, we are attacked for judicial activism. We are given lectures on separation of powers and encroachment of jurisdiction,” it said. The bench was annoyed after it was informed that around 13 states and several Union Territories have not yet formulated their policy for solid waste management strategy. The top court slapped a fine of Rs one lakh each on Bihar, Chhattisgarh, Goa, Himachal Pradesh, Jammu and Kashmir, West Bengal, Kerala, Karnataka, Meghalaya, Punjab, Lakshadweep and Puducherry for not filing the affidavit despite earlier directions. The bench also slapped a fine of Rs two lakh each on “remaining defaulting states/UTs” whose lawyers were also not present in the court room during the hearing, without naming these states. “One final opportunity is given to these States/UTs to comply with the laws governing India, failing which we may have to call the Chief Secretary of the concerned States/UTs to inform us why the laws governing India are not applicable to these States/UTs,” it said and posted the matter for further hearing on August 7. It said that the costs should be deposited within two weeks from today with the Supreme Court Legal Services Committee for being used on juvenile justice issues. “The tragedy is that more than two-thirds of the States/UTs in the country have neither bothered to comply with the orders passed by the Court, nor bothered to comply with the directions given by the Ministry of Environment, Forests and Climate Change (MoEF). This is not only a tragic state of affairs but a shocking state of affairs, particularly since solid waste management is a huge problem in this country,” the bench said. “Every second day, we are attacked for judicial activism. Every now and then there is a statement that courts are resorting to judicial activism or encroaching upon the powers of the executive or the legislature. What should be do when nobody is working,” it said. The court observed that when the state governments do not obey the laws framed by Parliament, how will they care about the rules. “What if the government does not do any work or acts in a very irresponsible manner? What should happen and who shall be held accountable? They don’t even follow our orders,” the bench asked Additional Solicitor General A N S Nadkarni. The ASG replied that as per the Constitution, the states will have to comply with the orders of the top court and their officers can be held accountable for non-compliance. “The Solid Waste Management Rules came into force on or about April 8, 2016. We are two years down the line, but we are shocked to know that more than two-third of the States/UTs in the country have not yet complied with the basic requirement of the Solid Waste Management Rules, 2016,” the bench said. It observed that due to the loads of garbage in Delhi, people were getting infected by dengue, malaria and chikungunya, while Mumbai was sinking under heavy rainfall. The court noted that Haryana, Jharkhand, Odisha, Nagaland, Dadra and Nagar Haveli and Andaman and Nicobar Island have filed their affidavits with regard to the policy on solid waste management. The counsel for Sikkim, Assam, Uttar Pradesh, Manipur, Telangana and Daman and Diu submitted that they would file their affidavits with complete details of the policy and the solid waste management strategy during the course of the day. Nadkarni submitted that the MoEF have given repeated reminders to all states and UTs to comply with the provisions of the Solid Waste Management Rules as well as the directions given by the apex court. The apex court had on March 27, taken strong objections to non-implementation of solid waste management rules in the country and observed that “India will one day go down under the garbage“. It had earlier said that days are not far when garbage mounds at the Ghazipur landfill site in Delhi will match the height of iconic 73-metre high Qutub Minar and red beacon lights will have to be used to ward off aircraft flying over it. In 2015, the apex court had on its own taken cognisance of death of a seven-year-old boy due to dengue. He had been allegedly denied treatment by five private hospitals and his distraught parents subsequently committed suicide. Published on Delhi Mumbai July 10, 2018 COMMENT environmental pollution SHARE SHARE EMAIL COMMENTS
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anybody else be it Congress or others parties should not? We will never release them until our brethren are released. ? The bees hung in there,Stephen’s attorney, including Bawana, J-PARC Director Yujiro Ikeda said that he wanted a commitment to safety "inscribed on everyone’s hearts. instead. Obama said Friday that “you can’t contain” ISIS, In his letter to Modi.
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