About the authorCarlos VolcanoShare the loveHave your say Real Madrid players fed-up with fitness coach Gregory Dupontby Carlos Volcano16 days agoSend to a friendShare the loveReal Madrid players are becoming fed-up with fitness coach Gregory Dupont.Dupont was hired this summer to replace Antonio Pintus after his decision to leave for Inter Milan. During his time with Real, Pintus was part of three Champions League winning teams.But since Dupont’s appointment, Real’s senior squad have suffered no less than 13 injuries. Dupont arrived from France’s World Cup winning squad on recommendation from Real coach Zinedine Zidane. However, his methods are drawing complaints from the players.That’s according to Okdiario’s chief pundit Eduardo Inda, when speaking on El Chiringuito.”The players are unhappy with Dupont and miss Pintus,” he stated.
zoom German-Danish ferry operator Scandlines has seen an increase in the number of transported vehicles during the high season in 2016 following the delivery of its new hybrid ferry the M/V Berlin in May.Following delivery, the new vessel, which combines traditional diesel power with battery power, was put into service on the Rostock-Gedser route.Featuring a space for 460 cars or lorries and capable of accommodating 1,300 passengers, M/V Berlin broke its record numerous times in July and August, according to Scandlines.In June alone, the ferry transported 39,451 cars, while it carried its highest number of cars on one crossing at the end of August when it transported 351 cars.“Now with the high season coming to an end Scandlines can look back at a great season with good volumes in all areas,” Scandlines said.Later this year, M/V Berlin’s sister ship, the M/V Copenhagen, will be put into service on the Rostock-Gedser route.The two new hybrid ferries will then be able to transport up to 2,600 passengers, 920 cars, 192 lorries between Rostock and Gedser, doubling Scandlines’ current capacity on the route.
Travel agents are under client demand to offer more mobile-technology service to travellers on-the-go, according to new research. A release distributed by Asia based technology company, Abacus, explained that along with the “explosion” of smart phone and tablet users, people are demanding and expecting “travel agents to adapt to their changing behaviour” and bring customer service into the “current age”.“Today’s connected traveller wants a comfortable and seamless experience from departure to arrival,” Abacus Distribution Hong Kong managing director Winnie Lau explained.“Similar to travellers today, agents need to be savvier in utilising key technologies and information to stay connected and help customers keep an effortless travel schedule.”Launching Abacus Mobile solution in 2010, Ms Lau said agencies utilising its mobile tool have experienced an increase in productivity and service to customers.Earlier this year, Sabre Pacific also announced an additional mobile feature to its GDS system that will allow agents to send messages to travellers on-the-go straight to their TripCase mobile app.Click here for more information. Source = e-Travel Blackboard: N.J
A year ago, AccorHotels unveiled its new, ambitious CSR commitments for 2020. The group’s sustainable development program, Planet 21, focuses on four fields of action, namely employees, guests, partners and local communities, as well as two priority issues, food and sustainable buildings.Over 500 urban vegetable gardensAccorHotels, which is present in 1,700 cities worldwide has committed to developing urban farming and to planting 1,000 vegetable gardens by 2020. Through the initiative, the hotel provides its guests with healthy and fresh produce which is grown organically and in-house. This initiative allows the hotel to provide guests with the best gastronomical experience, while also fulfilling responsibilities towards environmental conservation.All the produce generated is scientifically cultivated using natural farming techniques with no use of artificial chemicals and pesticides. To sensitise the guests about the initiative and create awareness about the importance of environmental protection and sustainable agricultural practices, the hotel encourages guests to try their hand at farming as well.Less Food Waste38 hotels in 13 countries are already using connected solutions to fight food waste in their kitchens and restaurants. The initiative has cut food waste by nearly 60% in the pilot hotels’ kitchens. That’s a total of €540,000 in estimated savings.To minimise wastage of food, ibis and Novotel Bengaluru Techpark and Pullman and Novotel New Delhi Aerocity have installed an Organic Waste Composter within the hotel premises. With the help of this composter, spoiled and leftover food scraps are composted which in turn provide nutrition to the soil and enhance its quality.One of Planet 21’s two priorities is to achieve carbon neutral buildings. In 2016, the Group cut its energy consumption by 2.4% and CO2 emissions by three percent. These results are even more encouraging because they were achieved despite particularly unfavourable world weather conditions in 2016 compared with 2015 since demand for heating and air-conditioning increased more than four percent.
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.
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.
The airline aims to make travel safer for female passengers after two incidents of assault this winter. January 19, 2017 –shares Apply Now » Next Article Staff Writer. Covers leadership, media, technology and culture. Air India, the country’s national airline, announced this week that it will soon set aside two rows on every flight for women passengers who are traveling solo in an effort to combat harassment and sexual assault. The six seats located at the front of the planes will be offered for no additional fees.The move from the airline comes after two incidents this winter. In December, a male passenger groped a woman seated next to him on a flight from Mumbai to Newark. In January, a flight attendant reported a male passenger who exhibited similar inappropriate behavior towards her. Both men were arrested.Related: The Most and Least Reliable Airports and Airlines“We feel, as national carriers, it is our responsibility to enhance comfort level to female passengers. There are a lot of female passengers who travel alone with us and we will be blocking a few seats for them,” Air India general manager Meenakshi Malik told The Hindu.The airline is following the lead of other transportation providers in India, such as buses and trains that have created female-only spaces.In recent years, there have also been a proliferation of Indian startup ride services by and for women.In 2013, SheTaxi, a 24-hour, seven-day-a-week taxi service for women was launched in Kerala. At the beginning of last year, nearly 550 women in Mumbai got permits to be drivers of pink auto rickshaws made to safely transport female passengers. As of this fall, pink rickshaws were also available in Noida, a city about 16 miles from New Delhi. The only list that measures privately-held company performance across multiple dimensions—not just revenue. 2019 Entrepreneur 360 List Nina Zipkin Air India Creates Women-Only Space to Prevent Harassment 2 min read Add to Queue Image credit: Bloomberg | Getty Images Entrepreneur Staff Airlines
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
Fitbit Sued by Investors Over Alleged Tracking Inaccuracies January 13, 2016 –shares Next Article Add to Queue 2019 Entrepreneur 360 List Legal Apply Now » 2 min read Image credit: Fitbit | Facebook The only list that measures privately-held company performance across multiple dimensions—not just revenue. Jeff John Roberts It’s going from bad to worse for Fitbit. Consumers last week sued the maker of fitness trackers over claimed inaccuracies in its heart rate monitor, prompting a sell-off of its shares. Now the company has a new headache.On Monday, an investor filed a class action suit against Fitbit in California over alleged “fraud on the market” and U.S. securities law violations.The lawsuit seeks compensation for anyone who purchased Fitbit shares during the company’s IPO last summer up until last week when stories about the allegedly inaccurate heart monitor hit the press. The complaint points to the stock’s fall of $1.20, or 5.8%, on January 6 to show the impact of the news.“As a result of Defendants’ false and/or misleading statements, Fitbit securities traded at inflated prices. However, after disclosure of Defendants’ false and/or misleading statements, Fitbit’s stock suffered a precipitous decline in market value, thereby causing significant losses and damages to Plaintiff and other Class members.”According to the complaint, Fitbit executives made “false and misleading” statements about the company’s heart monitor technology to the media and in regulatory filings. The technology has come under scrutiny in light of last week’s consumer complaint, which included allegations by a cardiologist that Fitbit’s heart monitor consistently posts inaccurate results.In response to questions last work from Fortune about the claimed inaccuracies, the company insisted its technology works as claimed, and vowed to fight the consumer lawsuit. As for the new investor case, a Fitbit spokesperson said:“We have reviewed the complaint and believe it is meritless. We intend to defend this case vigorously.”Such shareholder lawsuits alleging “fraud on the market” are not uncommon after companies take a public relations hit, and are typically settled quietly. You can read the complaint for yourself below.On Monday, Fitbit’s shared price dropped below its $20 IPO price for the first time since the company went public in July, hitting an all-time low of $18.50. It has since been nudging back towards $20.Fitbit Investor Class Action This story originally appeared on Fortune Magazine
Provided by DARPA Citation: DARPA prototype reflectarray antenna offers high performance in small package (2019, January 23) retrieved 17 July 2019 from https://phys.org/news/2019-01-darpa-prototype-reflectarray-antenna-high.html Rocket Lab successfully sends rocket into orbit Explore further 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. DARPA’s Radio Frequency Risk Reduction Deployment Demonstration (R3D2) is set for launch in late February to space-qualify a new type of membrane reflectarray antenna. The antenna, made of a tissue-thin Kapton membrane, packs tightly for stowage during launch and then will deploy to its full size of 2.25 meters in diameter once it reaches low Earth orbit. R3D2 will monitor antenna deployment dynamics, survivability and radio frequency (RF) characteristics of a membrane antenna in low-Earth orbit. The antenna could enable multiple missions that currently require large satellites, to include high data rate communications to disadvantaged users on the ground. A successful demonstration also will help prove out a smaller, faster-to-launch and lower cost capability, allowing the Department of Defense, as well as other users, to make the most of the new commercial market for small, inexpensive launch vehicles. Satellite design, development, and launch took approximately 18 months.”The Department of Defense has prioritized rapid acquisition of small satellite and launch capabilities. By relying on commercial acquisition practices, DARPA streamlined the R3D2 mission from conception through launch services acquisition,” said Fred Kennedy, director of DARPA’s Tactical Technology Office. “This mission could help validate emerging concepts for a resilient sensor and data transport layer in low Earth orbit – a capability that does not exist today, but one which could revolutionize global communications by laying the groundwork for a space-based internet.”The launch will take place on a Rocket Lab USA Electron rocket from the company’s launch complex on the Mahia Peninsula of New Zealand. Northrop Grumman is the prime contractor and integrated the 150 kg satellite; MMA Design designed and built the antenna. Trident Systems designed and built R3D2’s software-defined radio, while Blue Canyon Technologies provided the spacecraft bus. MMA Design successfully completes deployment testing of its innovative high-compaction ratio reflectarray antenna in its Louisville, Colorado facilities. Credit: DARPA