Alaves sack coach after four games

first_imgDeportivo Alavés Alaves sack Zubeldia after woeful start Ben Spratt 05:56 18/9/2017 FacebookTwitterRedditcopy Comments() LuisZubeldia - cropped Getty Images Deportivo Alavés Primera División The Argentine was given his marching orders after just four Liga matches, as Sunday’s defeat at the hands of Villarreal sealed his fate Alaves have sacked head coach Luis Zubeldia as the club lie bottom of La Liga after four matches.Zubeldia was appointed as a replacement for Southampton’s Mauricio Pellegrino at the start of the season, but his side endured a torrid start to his tenure.The former Independiente Medellin boss leaves Alaves after four consecutive defeats in which the team failed to score. Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing COMUNICADO | Luis Zubeldía deja de ser técnico del Deportivo Alavés:— Deportivo Alavés (@Alaves) September 17, 2017Aitor Karanka, last of Middlesbrough, has been linked with the now vacant post.last_img read more


first_imgThe pool matches are now completed. Results can be viewed here. For official scores, draws and statistics on teams and individual players visit the official SportingPulse homepage using the following link. 2004 18 YEARS CHAMPIONSHIPS LINK Stories can also be found on the ATA Tournaments – National 18’s page, using the following link. 2004 18 YEARS CHAMPIONSHIPS ATA LINK 18 YEARS AND UNDER NATIONAL CHAMPIONSHIPS MENS ROUND 1: Wednesday September 15 Pool 1: 8:10am- ACT (6) def NSWCIS (1) 9:00am- SQBD (6) def SunCoast (3) 9:00am- QSST (12) def NT (1) Bye- CQ Pool 2: 8:10am- TouchWest (8) def Tas (1) 8:10am- SWQ (8) def Scorpions (6) 9:00am- NSWCHS (10) def Hornets (3) Bye- NSWCCC Pool 3: 8:10am- Mets (7) def Eagles (4) 9:00am- NQ (10) def SA (0) 9:50am- Suns (15) def Vic (0) Bye- Cobras WOMENS ROUND 1: Wednesday September 15 Pool 1: 12:00pm- TouchWest (7) def SA (2) 12:50pm- NSWCCC (4) def NQ (2) 12:50pm- NSWCHS (8) def Mets (1) Pool 2: 12:00pm- QSST (13) def Hornets (3) 12:50pm- Cobras (11) def NT (1) 12:50pm- NSWCIS (9) def SWQ (5) Bye- SunCoast Pool 3: 9:50am- SQBD (8) def Scorpions (2) 9:50am- Suns (10) def Rebels (2) 9:50am- CQ (14) def Tas (0) Bye- ACT MENS ROUND 2: Wednesday September 15 Pool 1: 1:40pm- NSWCIS (6) v NT (2) 1:40pm- QSST(5) drew CQ (5) 2:30pm- SunCoast (4) def ACT (3) Bye- SQBD Pool 2: 1:40pm- NSWCHS (10) v NSWCCC (6) 2:30pm- Hornets (4) v Scorpions (3) 2:30pm- SWQ (8) v Tas (0) Bye- TouchWest Pool 3: 2:30pm- Mets (7) def Cobras (4) 3:20pm- NQ (15) def Vic (0) 4:10pm- Eagles (16) def SA (3) Bye- Suns WOMENS ROUND 2: Wednesday September 15 Pool 1: 3:20pm- NSWCHS (6) def TouchWest (4) 3:20pm- NSWCCC (11) def SA (0) 3:20pm- Mets (3) def NQ (2) Pool 2: 4:10pm- SunCoast (10) def NT (0) 4:10pm- SWQ (4) def Hornets (2) 4:10pm- QSST (12) def Cobras (2) Bye- NSWCIS Pool 3: 1:40pm- ACT (6) def Rebels (2) 1:40pm- CQ (3) def Scorpions (0) 2:30pm- SQBD (5) def Suns (3) Bye- Tas MENS ROUND 3: Thursday September 16 Pool 1: 8:10am- CQ (7) def NT (1) 9:00am- QSST (14) def SunCoast (1) 9:50am- SQBD (4) drew ACT (4) Bye- NSWCIS Pool 2: 9:50am- NSWCHS (18) def Tas (0) 9:50am- SWQ (10) def TouchWest (6) 9:50am- NSWCCC (2) v Hornets (1) Bye- Scorpions Pool 3: 10:40am- NQ (5) def Suns (4) 10:40am- Mets (18) def Vic (0) 10:40am- Cobras (4) def Eagles (3) Bye- SA WOMENS ROUND 3: Thursday September 16 Pool 1: 11:30am- NSWCHS (5) def NSWCCC (3) 11:30am- TouchWest (5) def Mets (2) 11:30am- NQ (6) def SA (0) Pool 2: 8:10am- QSST (10) def NSWCIS (0) 8:10am- Cobras (10) def SWQ (0) 8:10am- SunCoast (10) def Hornets (3) Bye- NT Pool 3: 9:00am- SQBD (16) def Tas (0) 9:00am- CQ (4) v Suns (4) 9:00am- ACT (4) v Scorpions (4) Bye- Rebels MENS ROUND 4: Thursday September 16 Pool 1: 1:10pm- SQBD (5) def NT (1) 1:10pm- QSST (10) def ACT (0) 2:00pm- CQ (7) def NSWCIS (3) Bye- SunCoast Pool 2: 12:20pm- NSWCCC (5) def Scorpions (4) 1:10pm- Hornets (6) def TouchWest (1) 1:10pm- NSWCHS (14) v SWQ (5) Bye- Tas Pool 3: 2:00pm- Eagles (6) def Suns (4) 2:00pm- Cobras (13) def SA (3) 2:00pm- Mets (6) def NQ (5) Bye- Vic WOMENS ROUND 4: Thursday September 16 Pool 1: 2:50pm- NSWCHS (15) def SA (0) 3:40pm- TouchWest (3) def NQ (2) 3:40pm- NSWCCC (9) def Mets (4) Pool 2: 10:40am- Cobras (6) def NSWCIS (3) 11:30am- QSST (8) def SunCoast (0) 12:20pm- Hornets (5) drew NT (5) Bye- SWQ Pool 3: 12:20pm- Scorpions (4) drew Rebels (4) 12:20pm- Suns (17) def Tas (0) 12:20pm- SQBD (4) def ACT (2) Bye- CQ MENS ROUND 5: Thursday September 16 Pool 1: 4:30pm- SQBD (10) def NSWCIS (3) 4:30pm- CQ (11) def SunCoast (3) 5:20pm- NT (7) def ACT (3) Bye- QSST Pool 2: 4:30pm- SWQ (6) drew Hornets (6) 5:20pm- Scorpions (10) def TouchWest (5) 5:20pm- NSWCCC (14) def Tas (0) Bye- NSWCHS Pool 3: 6:10pm- NQ (8) def Eagles (7) 6:10pm- Suns (5) def SA (1) 6:10pm- Cobras (10) def Vic (0) Bye- Mets WOMENS ROUND 5: Thursday September 16 Pool 2: 3:40pm- SunCoast (4) drew NSWCIS (4) 3:40pm- SWQ (5) def NT (4) 4:30pm- Cobras (9) def Hornets (3) Bye- QSST Pool 3: 2:50pm- CQ (8) def Rebels (1) 2:50pm- ACT (11) def Tas (0) 2:50pm- Suns (4) drew Scorpions (4) Bye- SQBD Friday September 17 Pool 1: 11:20am- NSWCHS (4) def NQ (3) 11:20am- Mets (5) def SA (1) 11:20am- NSWCCC (5) def TouchWest (4) MENS ROUND 6: Friday September 17 Pool 1: 8:50am- CQ (7) def SQBD (5) 8:50am- QSST (11) def NSWCIS (0) 9:40am- NT (6) def SunCoast (3) Bye- ACT Pool 2: 9:40am- NSWCHS (10) def Scorpions (3) 9:40am- NSWCCC (12) def TouchWest (3) 10:30am- Hornets (10) def Tas (1) Bye SWQ Pool 3: 9:40am- Cobras (2) def Suns (1) 10:30am- Mets (11) def SA (5) 10:30am- Eagles (14) def Vic (1) Bye- NQ WOMENS ROUND 6: Friday September 17 Pool 2: 8:00am- SunCoast (7) def SWQ (6) 8:00am- Hornets (3) def NSWCIS (1) 8:00am- QSST (13) def NT (0) Bye- Cobras Pool 3: 8:00am- Scorpions (9) def Tas (1) 8:50am- SQBD (10) def Rebels (1) 8:50am- CQ (8) def ACT (4) Bye- Suns MENS ROUND 7: Friday September 17 Pool 1: 12:10pm- NSWCIS (3) drew SunCoast (3) 1:00pm- CQ (10) def ACT (2) 1:50pm- QSST (12) def SQBD (1) Bye- NT Pool 2: 1:00pm- Scorpions (11) def Tas (1) 1:00pm- NSWCCC (11) def SWQ (4) 1:50pm- NSWCHS (13) def TouchWest (1) Bye- Hornets Pool 3: 1:00pm- SA (5) def Vic (3) 1:50pm- NQ (4) def Cobras (2) 1:50pm- Mets (8) def Suns (3) Bye- Eagles WOMENS ROUND 7: Friday September 17 Pool 2: 10:30am- NSWCIS (14) def NT (4) 11:20am- Cobras (6) def SunCoast (3) 12:10pm- QSST (8) def SWQ (0) Bye- Hornets Pool 3: 12:10pm- ACT (5) def Suns (3) 12:10pm- SQBD (3) def CQ (2) 12:10pm- Rebels (12) def Tas (0) Bye- Scorpionslast_img read more

2014 Peter Wilson Memorial Championships

first_imgNew South Wales Hunter Western Hornets Regional Touch is set to embark on one of the biggest tournaments that they have ever had. The 2014 Peter Wilson Memorial Championships will consist of over 100 junior teams battling it out at the annual event.Host club, Nelson Bay Touch Association, along with Hornets are working hard in preparation for this year’s milestone event, with grounds in great condition and facilities ready to go.Clubs will feature in all state age divisions (Under 10, 12, 14, 16 and 18 Boys and Girls), with a high attendance rate from many Hornets affiliates. Clubs sending teams to this year’s event include; Maitland, Singleton, Scone, Muswellbrook, Beresfield, Wallsend, Newcastle City, Doyalson Junior, Central Coast, Peninsula Junior, Berkeley Vale and host club Nelson Bay. In addition, the tournament will feature Forster Tuncurry from the Northern Eagles during Saturday’s games.In addition to the teams, there will be in excess of 500 officials, coaching staff and volunteers helping this event run smoothly, with some even travelling from clubs such as Parkes, Orange, Dubbo, Bathurst, Coolah and more.Event organisers are very happy with this year’s contingent and are looking forward to another large scale event. While the event is always large, members of the Touch Football community are encouraged each year to attend, with previous attending clubs such as Port Macquarie, Taree and Sydney clubs always taking a lot out of this event in the lead up to the New South Wales Junior State Cup.The event will be held at the Tomaree Sports Complex (Home of Nelson Bay Touch Association) Nelson Bay Road, Nelson Bay, on Saturday, 1 February and Sunday, 2 February 2014. Tournament highlights include the finals series for all divisions, the Dean McManus (18’s Boys) and Gai Taylor (18’s Girls) perpetual trophies, as well as the annual title of Peter Wilson Memorial Club Champions, all to be announced on the Sunday afternoon.For further information, fixtures and results of the event please visit and stay up-to-date with regular feeds, highlights and photos of the event on our Facebook page – Related LinksPeter Wilson Champslast_img read more

10 months agoSACKED! Moreno Longo axed by Frosinone

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say SACKED! Moreno Longo axed by Frosinoneby Carlos Volcano10 months agoSend to a friendShare the loveMoreno Longo has been sacked by Frosinone.The Serie A minnows announced the dismissal of Longo this morning.Along with Longo, the coach’s backroom staff are also sacked with immediate effect.Frosinone are currently second from bottom of the Serie A table, five points from safety. last_img

a month agoEx-Real Madrid president Calderon: I’m outraged Ronaldo was sold

first_imgEx-Real Madrid president Calderon: I’m outraged Ronaldo was soldby Carlos Volcanoa month agoSend to a friendShare the loveFormer Real Madrid president Ramon Calderon has again hit out at the sale of Cristiano Ronaldo.Ronaldo left Madrid for Juventus over a year ago – and Calderon says the club is yet to recover.He told AS: “He should never have left, it’s amazing that he was let go. “It’s impossible to do without such a player. 60 goals per season … no player can bring you such a guarantee. He is irreplaceable, just like (Lionel) Messi. “I am outraged that this may have happened, while (president) Florentino (Perez) keeps saying that Cristiano’s signature was the best of his mandate.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

“Michigan Head Coach Jim Harbaugh” Is Apparently A Popular Halloween Costume

first_imgHead coach Jim Harbaugh of the Michigan Wolverines looks on during the Michigan Football Spring Game.ANN ARBOR, MI – APRIL 04: Head coach Jim Harbaugh of the Michigan Wolverines looks on during the Michigan Football Spring Game on April 4, 2015 at Michigan Stadium in Ann Arbor, Michigan. (Photo by Gregory Shamus/Getty Images)Michigan head coach Jim Harbaugh has done a nice job turning around the Wolverines in his first year on campus, and as such, UM fans are looking to celebrate him for Halloween. A quick look on social media reveals that dozens of Michigan supporters are going as Jim Harbaugh – khakis and all – for the holiday. Check it out:@CoachJim4UM @umichfootball @UMichAthletics I present the greatest Halloween costume ever JIM HARBAUGH!!— Jacob Anderson (@Go_Blue1415) October 29, 2015What’s better than Jim Harbaugh? TWO Jim Harbaughs! #GoBlue #Halloween— Susie Pearson (@SusiePearson02) October 28, 2015@umichfootball Happy Halloween Coach Harbaugh! Like my costume? Go Blue!— Ty Seighman (@sig_ty) October 24, 2015In reality, it’s an easy costume to pull off. Still, we’ll give anyone props who promotes college football on Halloween.last_img read more

Ontario man charged with conspiracy to murder couple living in Jamaica

first_imgAJAX, Ont. — Police say a man from southern Ontario has been arrested after he allegedly plotted to murder a couple living in Jamaica.Durham Regional Police say they were notified by the RCMP in May about the allegations involving a 56-year-old man from Ajax, Ont.They say the investigation revealed that the man, who is a Canadian citizen, travelled to Jamaica in May to allegedly help plan the murder.Police spokesman Const. George Tudos says it is believed the man was plotting the murder with other suspects in Jamaica, but he is not aware of any arrests in that country.Tudos says the two Jamaican residents were not harmed and the man was arrested Tuesday morning while he was driving in Pickering, Ont.Police say the Ajax, Ont., man has been charged with conspiracy to murder and counselling offence that is not committed.Tudos says the accused and the couple know each other, but he declined to provide further information on their relationship. The Canadian Presslast_img read more

Suspects in Saunders murder face charges in court

first_imgAPTN National NewsTwo people have been charged with the murder of Lorretta Saunders.Halifax police made the announcement Thursday afternoon.They say that Saunders was killed on February 13th, the same day her family noticed she’d gone missing.Victoria Henneberry and Blake Leggette now face first degree murder charges and have there court hearing Friday.As APTN’s Trina Roache reports, news of Saunders death is a shock to volunteers and friends who helped in the search.last_img

TSX US markets up as oil hits threeyear high Loonie down

first_imgRising oil prices boosted Toronto’s main stock index Monday while rebounding tech stocks lifted markets south of the border.The S&P/TSX composite index advanced 79.23 points to 15,808.63, mainly on the back of climbing oil prices, which settled above US$70 per barrel for the first time in more than three years.The June crude contract soared US$1.01 to US$70.73 per barrel. It last closed above the US$70 mark on Nov. 26, 2014.The commodity prices rose due to concerns around global supply disruptions, said Craig Fehr, a Canadian markets strategist with Edward Jones in St. Louis.Those concerns include possible new U.S. sanctions against Iran.“I think we’re seeing those supply concerns manifest in higher oil prices,” he said.That lifted the heavily-weighted energy sector on the TSX’s main index where shares gained an average of 0.21 per cent of their worth.U.S. indices also made gains, with the Dow Jones industrial average up 94.81 points to 24,357.32, the S&P 500 index up 9.21 points to 2,672.63 and the Nasdaq composite index up 55.59 points to 7,265.21.“The bigger impact on the U.S. markets is coming from the rebound in the technology sector,” Fehr said.A correction earlier in the year beat up the tech sector pretty badly, he said, and now some optimism has returned with recent earnings coming out. Apple Inc., specifically, served as a catalyst for the sector after reporting strong results earlier this month.The Canadian dollar was trading at 77.74 cents US, down 0.01 of a U.S. cent.Elsewhere in commodities, the June natural gas contract gained three cents to US$2.74 per mmBTU. The June gold contract fell 60 cents to US$1,314.10 an ounce and the July copper contract retreated about a penny to roughly US$3.08 a pound.Follow @AleksSagan on Twitter.last_img read more

Corus Entertainment reports Q1 profit down TV ads help revenue edge higher

first_imgCompanies in this story: (TSX:CJR.B)The Canadian Press TORONTO — Corus Entertainment Inc.’s earnings came in below estimates as its first-quarter profit fell from a year ago due to an accounting change related to its TV brand assets, but revenue edged higher due to gains in television advertising.The television, radio and production company says its profit attributable to shareholders fell to $60.4 million or 28 cents per diluted share for the quarter ended Nov. 30 as amortization charges rose due to the accounting change. The result compared with a profit of $77.7 million or 38 cents per diluted share a year ago.On an adjusted basis, the company said it earned $70.1 million or 33 cents per share, down from $78.9 million or 38 cents per share in the same quarter last year.Analysts had estimated 40 cents per share of adjusted earnings, according to Thomson Reuters Eikon.Revenue totalled $467.5 million, up from $457.4 million and above the estimate of $451.2 million, as television revenue increased to $426.2 million compared with $415.5 million a year ago.Radio revenue amounted to $41.3 million, up from $41.9 million.Corus owns specialty and conventional television stations, including the Global Television network as well as radio stations, a children’s book publishing business and other services.last_img read more

Need to keep composure under pressure Kohli

first_imgMumbai: Royal Challengers Bangalore captain Virat Kohli believes his side needs to keep a calm head during pressure situations and take on the half chances to secure victory in the remaining games of the ongoing edition of the Indian Premier League. RCB were on Monday handed their seventh defeat in the ongoing IPL as Mumbai Indians beat them by five wickets at the Wankhede Stadium in Mumbai. After winning the toss and opting to bowl, MI restricted the visitors to 171-7 and then chased down the runs in 19 overs. Speaking at the post-match presentation, Kohli rued the fact that his bowlers didn’t perform well in the first six overs. “We played a pretty good game I guess. With the ball, we weren’t that great in the first six overs but the guys fought hard in the middle overs and came back well.” RCB pacers once again came with a below par performance. In fact such was their performance that spinner Pawan Negi was preferred over the likes of Umesh Yadav, Mohammed Siraj and Navdeep Saini, to bowl the penultimate over of the match with MI needing 22 runs of the last two overs. However, the ploy didn’t work for the RCB as the left-arm spinner was taken for a toll with star all-rounder Hardik Pandya collecting two sixes and two fours to win the match for his team. Kohli though backed his decision to hand the ball to Negi in the penultimate over. “At the end, we had to take the risk with the left-arm spinner, with two right-handed batsmen. Giving pace was risky, especially with a bit of dew. Unfortunately, it didn’t come off.” The RCB skipper was also full of praise for England all-rounder Moeen Ali, who along with AB de Villiers (75 off 51), scored a superb fifty to propel the team to 171/7. Ali also picked up two wickets and kept his side in the hunt to secure their second win of the season.last_img read more

Mayors of HarveyHit Towns Want Quicker Response From Feds

first_imgA month and half after Harvey, mayors of storm-hit cities are frustrated with some of the formalities of receiving federal disaster aid. Leaders of Rockport, Port Aransas, Victoria and Port Lavaca say the federal bureaucracy is getting in the way of helping their communities.With national attention focusing on other disasters in the past month, some officials are concerned there will not be enough aid to go around.“The pot is only so deep,” said Mayor of Port Aransas Charles Bujan. “You can only drain it so far.”The mayors also pointed out Governor Abbott’s fifty-million dollar gift to Houston. Victoria Mayor Paul Polasek says the state should give similar attention to smaller cities.“I don’t want to say that they didn’t need it,” Polasek said, “but I certainly wouldn’t want to see poor planning rewarded either.”Aside from that critique, the mayors said the state has generally been faster and more helpful than the federal government in recovery efforts.Watch Texas Tribunes full panel with the mayors of Rockport, Port Aransas, Victoria and Port Lavaca. Sharelast_img read more

TSX Toronto Stock Exchange 1206555

first_img TSX (Toronto Stock Exchange) 12,065.55 12,773.87 12,153.69 We Buy @ Spot + $1.90 Per Oz (Spot + $1.90 X 715) Sold Out Amark 1 Oz. Silver Rounds ( Made By Sunshine ) Pure .999 BU 500 Coin Min. Spot + $4.99 Per Oz (Spot + $4.99 X 715) Rock & Stock Stats Last Sold Out Gold Producers (GDX) 28.59 37.58 46.61 Oil 88.01 92.52 102.72 Copper 3.15 3.41 3.63 One Month Ago TSX Venture 939.07 1,106.51 1,396.77 One Year Ago 2013 Sealed Mint Boxes Of 1 Oz. Silver American Eagles “San Francisco Mint” Brand New Coins 500 Coin Min. (1 Sealed Box) Gold Crash 2013 – Deliberately Engineered? By Bud Conrad, Casey Research Chief Economist How can we explain gold dropping into the $1,300 level in less than a week? Here are some of the factors: George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012. He was not alone: the gold holdings of GLD have contracted all year, down about 12.2% at present. On April 9, the FOMC minutes were leaked a day early and revealed that some members were discussing slowing the Fed $85 billion per month buying of Treasuries and MBS. If the money stimulus might not last as long as thought before, the “printing” may not cause as much dollar debasement. On April 10, Goldman Sachs warned that gold could go lower and lowered its target price. It even recommended getting out of gold. COT Reports showed a decrease in the bullishness of large speculators this year (much more on this technical point below). The lackluster price movement since September 2011 fatigued some speculators and trend followers. Cyprus was rumored to need to sell some 400 million euros’ worth of its gold to cover its bank bailouts. While small at only about 350,000 ounces, there was a fear that other weak European countries with too much debt and sizable gold holdings could be forced into the same action. Cyprus officials have denied the sale, so the question is still in debate, even though the market has already moved. Doug Casey believes that if weak European countries were forced to sell, the gold would mostly be absorbed by China and other sovereign Asian buyers, rather than flood the physical markets. My opinion, looking at the list of items above, is that they are not big enough by themselves to have created such a large disruption in the gold market. The Paper Gold Market The paper gold market is best embodied in the futures exchanges. The prices we see quoted all day long moving up and down are taken from the latest trades of futures contracts. The CME (the old Chicago Mercantile Exchange) has a large flow of orders and provides the public with an indication of the price of gold. The futures markets are special because very little physical commodity is exchanged; most of the trading is between buyers taking long positions against sellers taking short positions, with most contracts liquidated before final settlement and delivery. These contracts require very small amounts of margin – as little as 5% of the value of the commodity – to gain potentially large swings in the outcome of profit or loss. Thus, futures markets appear to be a speculator’s paradise. But the statistics show just the opposite: 90% of traders lose their shirts. The other 10% take all the profits from the losers. More on this below. On April 13, there were big sell orders of 400 tonnes that moved the futures market lower. Once the futures market makes a big move like that, stops can be triggered, causing it to move even more on its own. It can become a panic, where markets react more to fear than fundamentals. Having traded in futures for over two decades, I want to provide some detail on how these leveraged markets operate. It’s important to understand that the structure of the futures market allows brokers to sell positions if fluctuations cause customers to exceed their margin limits and they don’t immediately deposit more money to restore their margins. When a position goes against a trader, brokers can demand that funds be deposited within 24 hours (or even sooner at the broker’s discretion). If the funds don’t appear, the broker can sell the position and liquidate the speculator’s account. This structure can force prices to fall more than would be indicated by supply and demand fundamentals. When I first signed up to trade futures, I was appalled at the powers the broker wrote into the contract, which included them having the power to immediately liquidate my positions at their discretion. I was also surprised at how little screening they did to ensure that I was good for whatever positions I put in place, considering the high levels of leverage they allowed me. Let me tell you that I had many cases where I was told to put up more margin or lose my positions. Those times resulted in me selling at the worst level because the market had gone against me. The point of this is that once a market moves dramatically, there are usually stops taken out, positions liquidated, margin calls issued, and little guys like me get taken to the cleaners. Debates rage about the structure of the futures market, but my personal opinion is that a big hammer to the market by a well-heeled big player can force liquidations, increase losses, and push the momentum of the market much lower than the initial impetus would have. Thus, after a huge impact like we saw on April 13, the market will continue with enough momentum that a well-timed exit of a huge set of short positions can provide profits to the well-heeled market mover. Moving from theory to practice, one of the most important things to keep your eye on is the Commitment of Traders (COT) report, which is issued every Friday. It details the long and the short positions of three categories of traders. The first category is called “commercials.” They are dealers in the physical precious metals – for example, gold miners. The second category is called “non-commercials.” They include hedge funds and large commercial banks like JP Morgan. Non-commercials are sometimes called “large speculators.” The rest are the small traders, called “non-reporting” since they are not required to identify themselves. The ones to watch are the large speculators (non-commercials), as they tend to move with the direction of the market. Individual entities could be long or short, but in combination the net position of the group is a key indicator. The following chart shows the price of gold as a blue line at the top, and the next panel down shows the net position of these large speculators as a black line. You can see that over the long term, they move together. When the net speculative position is above zero, this group is betting on rising gold prices. Of course, the reverse is true when it’s below zero. In this 20-year view, the large speculators were holding net negative positions during the lowest point of the gold price, around the year 2000. As the price of gold rose, their positions went net long, and they profited. An interesting thing about the chart above is that the increasing amount of net longs reversed itself before gold peaked in 2011, suggesting that these large speculators became slightly less bullish all the way back in 2010. The balance remains net long, but it remains to be seen how long that lasts. What is not so obvious is that these large speculators are so big that they can affect the market as well as profit from it; when they initiate massive positions in a bull market, they drive the price of the futures contracts even higher. Similarly, when they remove their positions or actually go short, they can push the market lower. So what happened a week ago was that a massive order to sell 400 tons of gold all at once hit the market. Within minutes the price plummeted, and over a two-day period resulted in the largest drop of the price for futures delivery of gold in 33 years: down $200 per ounce. We don’t have the name of the entity that did this. However, the way the gold was sold all at once suggests that the goal was not to get the best price. An investor with a position of this size should have been smart enough to use sensible trading tactics, issuing much smaller sell orders over a period of time. This would avoid swamping the market; and some of the orders would be filled at higher prices and thus generate more profit. Placing a sell order big enough to affect the overall market price suggests that someone with powerful backing wanted to drive the price of gold down. Such an entity could have been a large speculator who already had a sizable short position and could gain by unloading some of its short position once the market momentum had driven the price even yet lower. Or it could be a central bank – one that might be happy to have the gold price move lower, as it would provide cover for its printing of more new money. Of course, it could be some entity that owned long contracts and wanted to get out of the position all at once. We don’t know, but this kind of activity, resulting in the biggest drop in 30 years, raises more than just suspicion when we consider how important the price of gold is to many markets around the globe. Can markets really be influenced by big players? Well, was the LIBOR rate accurately reported by huge banks? Have players ever tried to corner markets? The answer to all the above, unfortunately, is yes. There’s an even bigger problem with the legal structure of the futures market: even the segregated funds on deposit can be pilfered by the broker for the brokerage’s other obligations. That is what happened to MF Global customers under Mr. Corzine. (I had an account with a predecessor company called Man Financial – the “MF” in the name. I also had an account with Refco, which is now defunct. Fortunately, the daggers did not hit my account, since I was not a holder when the catastrophes occurred.) My take: the futures market is dangerous, and not a place for beginners. One last note: after the Bankruptcy Act of 2005, the regulations support the brokers, not the investors, when there are questions of legality about losses in individual investment accounts. Casey Research will be producing a report with much more detail on this subject in the near future. So, what now? We aren’t going to see a secret memo – no smoking gun to confirm that what happened on April 13 was an attempt to affect the market. Still, the evidence is suspicious. When big entities can gain from putting on big positions, the incentives are big enough for them to try – LIBOR, Plunge Protection Team, Whale Trade, etc., all support this view. The Physical Gold Market Previously, there was little difference between the physical and paper markets for gold. Yes, there were premiums and delivery charges, but everybody regarded the futures market as the base quote. I believe this is changing; people don’t trust the paper market as they used to. Instead of capitulating to fear of greater losses, the demand for physical gold has hit new records. The US Mint sold a record 63,500 ounces – a whopping 2 tonnes – of gold on April 17 alone, bringing the total sales for the month to 147,000 ounces; that’s more than the previous two months combined. Indian markets, which are more oriented to physical metal, now have a premium of US$150 over the futures price in Chicago. Demand at coin dealers has increased as the price has dropped. And premiums are much bigger than they were as recently as a week ago. Here is a vendor page that quotes purchase prices and calculates the premiums on an ongoing basis. It shows premiums of 50% and more in many cases. On eBay, prices for one-ounce silver coins are $33 to $35, where the futures price is quoted as $23. A look on Friday April 19 shows one vendor out of stock on most items: 2013 Sealed Mint Boxes Of 1 Oz. Silver American Eagles – Brand New Coins 500 Coin Min. (1 Sealed Box) (Click on image to enlarge) Buying Opportunity or Time to Flee? So what does it all mean? The paper price of gold crashed to $1,325 in the wake of this huge trade. It is now hovering around $1,400. My first reaction is to suggest that this is only an aberration, and that the fundamentals of the depreciating value of paper currencies will eventually take the price of gold much higher, making it a buying opportunity. But what I can’t predict is whether big players might again deliver short-term downturns to the market. The momentum in the futures market can make swings surprisingly larger than the fundamentals of currency valuation would suggest. Traders will be looking for a significant turnaround to the upside in price before entering long positions. However, a long-term, fundamentals-based trader has to look at the low price as a buying opportunity. I can’t prove it, but I think the fundamentals will drive the long-term market more than these short-term events. The fight between pricing from the physical market for bullion and that from the “paper market” of futures is showing signs of discrimination and disagreement, as the physical market is booming, while prices set by futures are seemingly pressured to go nowhere. In short, I think this is a strong buying opportunity. We also advocate stashing a good chunk of your gold outside your home country. In fact, international diversification of all your wealth should be at the top of your to-do list this year. To help you get started, at 2 p.m. EDT on April 30, Casey Research is premiering a free web video event, Internationalizing Your Assets. It features some of the world’s top experts on internationalization, including Casey Research Chairman Doug Casey, Euro Pacific Capital CEO Peter Schiff, and World Money Analyst Editor Kevin Brekke. Together they will reveal how they personally protect their assets abroad – and how you can, too. Registration is free. Gold and Silver HEADLINES Ron Paul Is Relaxed About Gold’s Slump ( Gold bug Ron Paul recently weighed in on last week’s events. Paul has taken gold’s abrupt decline in the past week with calm, asserting that the key issue is the value of the dollar and not the sharp movements in the precious-metals market. According to, the former US Congressman was unnerved when asked if he was worried about this week’s gold-price collapse happening again. “It was an abnormal market phenomenon, but obviously the weak holders had to get out, and the strong holders are back and buying.” We couldn’t agree more. Demand for Krugerrands Skyrockets (Mineweb) As we all know so well, the gold price dropped to its lowest level in two years earlier this week due to a variety of factors, including the possibility that Cyprus might sell some gold in order to help finance its bailout. However, this has not been an altogether one-sided story, as the demand for physical gold – such as Krugerrand gold coins – shot through the roof during last week’s drop, as investors capitalized on the lower gold price. Jewelers Head for Gold as Investors Fled (BullionStreet) A slump in the gold price also led to a jump in gold jewelry sales in India. Seemingly, while the price decline last week made the metal unappealing to portfolio investors and money managers, gold retailers in India struggled to cope with the demand, as shoppers rushed to snap up gold ornaments ahead of wedding season. The article states: “Jewelers are eyeing incoming wedding season and Akshaya Tritiya, an auspicious day to buy gold as per Hindu mythology, to boost their sales in the global market, as the gold price fell below US$1,400 per troy ounce for the first time in 15 months.” This Week in International Speculator and BIG GOLD – Key Updates for Subscribers International Speculator One of our producers released its first-quarter production report from its Mexican mining operations, showing greatly improved mining and processing abilities. 90% Silver Coin Bags 50¢ Half Dollars $1,000 Face Value We Ship in 2 $500 Face Bags $1,000 Face Value Min. We Buy @ Spot + $2.10 Per Oz (Spot + $2.10 X 715) Buy @ Spot -15c Louis James Senior Metals Investment Strategist Casey Research Buy – Sell On Silver Bullion 90% Silver Coin Bags (Our Choice Dimes Or Quarters) $1,000 Face Value Figured at 715 Ozs Per $1,000 Face $1,000 Face Value Min. Clearly, the physical gold market today is sending different signals than the paper market. The Case for Gold Is Still with Us The long-term fundamental reasons to hold gold are undeniably still with us. The central banks of the world are acting in concert in “currency wars” or “the race to debase.” As they print more money, the purchasing power of each unit declines. They are caught between the rock of having to keep interest rates low to support their governments’ huge deficits and the hard place of the long-term effect of diluting their currency. If rates rise, even First World governments will be forced to pay higher interest fees, leading to loss of confidence in their ability to pay back their debt, which will bring on a sovereign debt crisis like what we have seen in the PIIGS or Argentina recently. The following chart shows the rapid growth in the balance sheets as a ratio to GDP for the three largest central banks. I’ve extrapolated the expected growth into the future based on the rate at which they propose to buy up assets. One could argue about how long these growth rates will continue, but the incentives are all there for all central banks to bail out their governments and their commercial banks. I fully expect the printing game to continue to provide the fuel for hard-asset investments like gold and silver to increase in price in the years to come. Buy @ Spot + $1.80 Dear Reader, Doug and I have received some polite but strong encouragement to not dismiss the possibility that there are entities – particularly the Fed – with a vested interest in manipulating the precious-metals markets to suppress prices. Doug just doesn’t buy it. Personally, I find the usual arguments persuasive, but have seen them linked to predictions that have not come true for many years. My view is that if manipulation of these markets exists, its impact is short term, and the fundamentals will determine the long-term outcome. We don’t presume to have the power to settle these debates, but I do want readers to know that we do look at all evidence and arguments regarding our markets. Case in point: Bud Conrad’s analysis of the recent market fluctuation in gold, which we offer in this edition. I hope you find it interesting, whichever side of the debate you fall on. Sincerely, This exploration company announced drill results, including some excellent hits at its gold project in Canada. The company is delivering, and we consider the current sell-off as a buying opportunity. BIG GOLD One of our Best Buys announced a stock buyback program – here’s what it means for our shares. Sold Out 90% Silver Coin Bags Walking Liberty Half Dollars $1,000 Face Value We Ship in 2 $500 Face Bags $1,000 Face Value Min. Sold Out Silver Stocks (SIL) 13.93 18.01 21.13 Gold 1,406.50 1,611.30 1,641.40 Sold Out Gold Junior Stocks (GDXJ) 12.01 16.87 22.46 Buy @ Spot + $2.00 Silver 23.29 28.84 31.78 We Buy @ Spot + $1.70 Per Oz (Spot + $1.70 X 715) This dividend payer reported a drop in production – but we’re not concerned and are buying first tranches.last_img read more

In This Issue   Disruptions reside in US now

first_imgIn This Issue. *  Disruptions reside in U.S. now. *  Dollar continues to get sold. *  U.S. data begins to get printed this week *  Eric Sprott speaks And, Now, Today’s Pfennig For Your Thoughts! It’s Now Time For Taper Capers! Good day.  And a Marvelous Monday to you! Well! Looky, looky, my two beloved teams, are getting quite a bit of attention these days! My Cardinals are in the World Series, and my Missouri Tigers, after beating the Florida Gators, soared to #5 in the country! WOW!  My friend, Ed’s Auburn Tigers won, but my friend, Rick’s  Clemson Tigers lost. But it was all seashells and balloons for me, sports-wise this weekend, and that’s a good thing! The goings on in Washington D.C. finally calmed down after weeks of bashing each other with words, a lot of drama, and some funky accounting.  The U.S. dollar continues to remain under pressure. Can you blame the currency traders, et. al? Like I said last week, if the U.S. wants to continue to accumulate massive debt, and not do anything about it, then they are more than happy to continue to sell dollars. Think about this for a moment before we get into everything else, and it will be our theme for the day and weeks to come, I believe.  3 years ago, all the disruptions to a smooth running economy resided in the Eurozone, and the euro got hammered until, they addressed the problem, and then, and only then, did the relative calm come over the Eurozone and euro. Today, all the disruptions to a smooth running economy reside here in the U.S. and therefore it only makes sense for the dollar to get hammered, just like the euro did, for basically the same stuff. Debt. So, keeping that  theme in mind. The euro continues to add to its gains last week, and has been as high as 1.3688 overnight, very close to moving past the 1.37 handle. Who’da thunk it? I mean, guys like, oh, never mind, you all know the guys I would name, but in my kinder, gentler persona, I’ll just say we had people stomping their feet, pounding the podiums, and placing the hard earned reputations on the line, saying they “knew” for sure the euro was going to collapse a couple of years ago. In addition, in Germany this past weekend, it appears a coalition Gov’t could be a done deal this week, and that goes a long way to calming the ruffled feathers in Germany, the Eurozone’s largest economy. So, the euro has a couple of things going for it this morning, but remember what I always tell you. The euro is the offset currency to the dollar, so things could be on tenterhooks in the Eurozone, and the euro would still be allowed to gain, IF the dollar is getting sold. The challenger to the euro, as the offset currency to the dollar, would be the Chinese renminbi / yuan. The renminbi / yuan will have to leapfrog over currencies like yen, pounds and francs when it comes to liquidity and number of currency units traded each day, before the real challenge comes. The renminbi / yuan was allowed to appreciate to another 20 year record level last night. The pressure on the Chinese Gov’t to keep appreciating their currency is growing, especially after the U.S. shutdown, and near default. Nothing like pushing your girlfriend toward your best friend. The Chinese 3rd QTR GDP, as I reported to you last week, grew 7.8% up from 7.5% in the 2nd QTR, and so, this strong direction of the Chinese economy is really helping out with the appreciation of the currency, and really providing an underpin for the Aussie dollar (A$). The A$ is flat this morning at .9670. I think that most of the gains from the RBA rate comments, that we talked about, the new Gov’t, and the rebound in the Chinese economy, has all been priced into the A$ at this point. Now, we’ll have to see more reasons to push the A$ higher, and those could come this week, with their latest reading of CPI (consumer inflation).  For if CPI doesn’t look dicey, the calls for a rate cut will come back into play faster than you can say stupid rate cuts! And that won’t be good for the A$… So, we need to keep an eye on CPI tomorrow night (Wednesday for them) Later this week (Thursday), both the central banks of Norway and Sweden, the Norges Bank and Riksbank respectively, will meet to discuss rates. I don’t expect either of these two Central Banks to change rates, choosing to leave them unchanged, and then follow the announcement with a statement that will be positive, thus giving the markets the feeling that rates are heading higher here, next year. It might be helpful to take a step back, and list the countries that we know of that have either come out and said rates will be hiked in 2014, or have tightening biases that appear to be ready for the trigger to get pulled on higher rates. They include: New Zealand, Brazil, Norway, Sweden. And a couple of the fence. Australia and Canada.  Notice, a few that’s not on that list, like: the U.S., Japan, U.K., Eurozone. And with the U.S., Japan, U.K. and Eurozone all on the near zero rate policy train tracks, one would think that Gold would take that opportunity to shine. I had a conversation with the very well respected analyst, Steve Sjuggerud, one day last week, and we were talking about China’s currency, not paying interest, and Steve said, “well, I told my readers that they aren’t getting paid much on their dollar accounts, so they aren’t really losing anything, interest rates wise, by switching into renminbi.”  I said, “hey, Steve, you know what? I’ve been telling our clients and readers the same thing for a long time now.” So, you see it’s not all about getting a yield advantage with another currency, the ZIRP in the U.S. allows you to look to things that have equally low rates, like Chinese renminbi, and Gold. Well, not that long ago, Japan used to enjoy a strong Current Account Surplus, which allowed investors to have an easy feeling about owning yen. For, even if the Gov’t debt was a problem, they had this strong Current Account Surplus. But then the Surplus began to melt away, and Japan began printing Trade Deficits! What? Yes, and when the first one printed over a year ago, I said then that it was not a good thing for Japan, and received some notes from people saying that I always say a swallow doesn’t make a summer, and one bad print isn’t a trend.  And they were right! I always did say that, so I backed off, until getting to see more Trade Deficits print in Japan. One bad apple might not spoil the whole bunch, girl, but it did in this case! In keeping with the rot on Japan’s economic vine, September’s Trade Deficit booked a yen 932.1 Billion Deficit ($9.5 Billion in dollar terms), marking the 15th consecutive month booking a deficit.  The thrill is gone for yen folks. Bad Gov’t Debt, a worsening Current Account Deficit, and an economy in a 2-decade funk. But, what about all the stimulus that the Japanese Gov’t provided over the years for the economy? Or what about all the Quantitative Easing / QE that’s still going on today?  ZIRP has been in play for 15 years, and every attempt to hike rates has been met with a further downturn in the economy, thus immediately erasing the increase in rates. So. If I hadn’t started that off by telling you it was Japan, you could almost close your eyes and imagine there’s no countries, It isn’t hard to do, nothing to kill or die for. No wait! How’d I go there? What I was getting at was you could very easily imagine that I was talking about the U.S.  No, we haven’t experienced 15 years of ZIRP, of a 2-decade economic funk.. YET! Gold really hasn’t moved much since the initial jump higher after the Debt Deal last week. I really thought that with the market participants now knowing that the U.S. was going to continue down the road to ruins, that Gold would take off to higher ground. It did. but hasn’t added to those initial gains.  I told you last week, that now that the Debt Debacle was kicked down the road, that the focus would return to the Taper Capers. You know, whether or not the Fed Heads will begin to Taper or not. I say, “NOT YET”. The Gov’t shutdown probably saw to the delay in Tapering. But I guess the Gold buyers want confirmation of that. And I guess we’ll see confirmation of the delay next week, as the Fed Heads get together for a pre-Halloween meeting on October 30th. Let’s hope the Fed Heads don’t think that a good scare would be fun!  But should the Fed Heads confirm the delay, as I expect them to do, I would think that Gold would get back to adding to its gains, but that’s 9 days away..   And remember, even though, I kept talking about the risks of the Fed Heads not tapering being in the markets, I thought Big Ben would make an announcement that tapering was beginning last September, and that was wrong. The U.S. data cupboard gets back to giving us economic prints this week, now that the Gov’t is “back to work”. I say that facetiously of course! The first data print will be the Jobs Jamboree for September that will print tomorrow! Then Retail Sales on Wednesday, and so on. The week will be chock-full-o-data. I actually thought it was quite nice not having trumped up data and cooked books thrown at us these past two + weeks. The “experts” have had a couple of extra weeks to research the Jobs Jamboree, and they have come up with a forecast of 180,000 jobs created in September, and the Unemployment Rate remaining at 7.3%…  Me? I really don’t care, for the numbers are all trumped up, massaged and cooked to make you feel better. I prefer to look at the Avg Hourly Earnings, the Avg Weekly Hours Worked, and the Participation Rate. Before I head to the Big Finish. My friend, Ed, sent me this on Friday, and I thought it to be “True” that I just had to put it here for it is exactly how I view life. From John Lennon: “When I was 5 years old, my mother always told me that happiness was the key to life. When I went to school, they asked me what I wanted to be when I grew up. I wrote down “happy”. They told me I didn’t understand the assignment, and I told them they didn’t understand life.” For What It’s Worth. I found this interview with Eric Sprott of Sprott Asset Management LP over at and I found it to be interesting, in that he is saying the same stuff I’ve said for years now, so it’s nice to see a billionaire like Mr. Sprott come around to my way of thinking!  Here’s Eric Sprott. “We’ve had so many false starts (and promises) — ‘The economy is going to be great in 2010,’ and it’s not.  ‘It’s going to be great in 2011, 2012, 2013,’ and it’s not.  Now, they are already talking about it being ‘great in 2014.’  But we are actually regressing, even though they (central planners) don’t want to admit it, because the numbers are all manipulated in one way or another.  It will happen that gold will be accepted as the asset to back a (major) currency.  And the currency with the most gold behind it, which I suspect is already the Chinese yuan, and growing rapidly, will be the dominant currency going forward.  Of course this doesn’t portend well for all of the central planners currencies.  They (the Chinese) are doing the smart thing by buying real physical assets.  So I guess the best way of putting it is, just follow the Chinese, my friend, and you are going to be OK here.” Chuck again. You can read the whole interview by clicking here if you want. One more thing I found interesting in this interview. Sprott was talking about the suppression of the Gold & Silver price, and said, “it is staggering to think that demand (for gold) is twice (global) mine production.  It’s almost unimaginable.” To recap. The most important things for today is that the Cardinals are in the World Series, and my Missouri Tigers are #5 in the country! OK. Markets wise. the sell dollar bias remains, but has settled down a bit, as the markets wait for the FOMC meeting next week, and get a look at the economic data that will begin to print again this week. Norway and Sweden central banks will meet this week, and lay the groundwork for rate hikes in 2014, and the euro continues to gain reversing the trade that existed when the disruptions resided in the Eurozone. The disruptions now reside in the U.S. Currencies today 10/21/13. American Style: A$ .9670, kiwi .8460, C$ .9710, euro 1.3675, sterling 1.6150, Swiss $1.1070, . European Style: rand 9.8450, krone 5.9225, SEK 6.4340, forint 214.75, zloty 3.0605, koruna 18.85, RUB 31.88, yen 98.15, sing 1.2410, HKD 7.7530, INR 61.51, China 6.1352, pesos 12.85, BRL 2.1745, Dollar Index 79.71, Oil $100.05, 10-year 2.59%, Silver $22.17, Platinum $1,439.90, Palladium $744.00, and Gold.. $1,317.92 That’s it for today. Wow! The World Series! This is our 4th trip to the World Series in the past 10 years. No! I’m not bragging! I’m just saying. Boy was I off a week last Friday, when I talked about Homecoming at Mizzou. It wasn’t last weekend, it’s this coming weekend, and it looks like the family is going! YAHOO! Alex gave it his best on Saturday, but wasn’t able to come up with an individual medal at the swimming invitational. I watched the Game 6 NLCS Clinching win with friends at a local watering hole last Friday night. We had a blast cheering and high fiving, and enjoying the win. Steely Dan is playing, My Old School right now, great song! And with that, I thank you for reading the Pfennig, and Hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

WASHINGTON AP – President Donald Trump is hailin

first_imgWASHINGTON (AP) – President Donald Trump is hailing the University of Alabama football team’s “win for the ages” in their latest championship season.Trump is hosting Crimson Tide coach Nick Saban and the players at the White House to honor their fifth national title in nine years.The president attended the championship game in Atlanta, in which Alabama staged a second-half comeback to defeat Georgia, 26-23.Trump watched the Jan. 8 game from a private box overlooking the Alabama sideline, flanked by ROTC students. The president departed the stadium during halftime as Georgia led Alabama 13-0.Trump says Alabama’s triumph is “one of the greatest victories ever.”Attorney General Jeff Sessions, a former Alabama senator, was among those on the South Lawn for team’s visit.(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)last_img read more

Today is International Womens Day a day that aim

first_imgToday is International Women’s Day, a day that aims to celebrate the achievements of women in all arenas: social, economic, cultural, political and personal, as well.Over the past year, NPR has profiled some remarkable women, from a 101-year-old runner from India to a Yemeni refugee who didn’t let war stop her from being a scientist.Now, we’d love to hear from you. Tell us about a woman who’s making life better for other women — especially in the developing world.It can be a woman you know personally, a woman you’ve read about in the news or an under-the-radar woman whose story you think the world needs to know. We’re looking for activists, scientists, researchers, brave individuals who have overcome incredible obstacles.We’re taking submissions until March 16. Use the form below to send in your nomination. Please tell us what this woman has done that inspires you — and would be inspiring to our readers as well.We will pick a woman to profile at the end of the month. Copyright 2018 NPR. To see more, visit read more

Lawsuit Claims Disney Is Tracking Kids in 42 Apps

first_img Add to Queue Disney 2 min read The class action suit alleges that the media giant is violating the Children’s Online Privacy Protection Act of 1998. Senior Editor Next Article Image credit: via PC Mag –shares This story originally appeared on PCMagcenter_img Lawsuit Claims Disney Is Tracking Kids in 42 Apps Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Matthew Humphries Children need protecting when they are online, which is why since April 21, 2000, the Children’s Online Privacy Protection Act of 1998 (COPPA) has been in effect. Now Disney is facing a class action lawsuit claiming that 42 of its gaming apps aimed at children violate COPPA.COPPA applies to children under the age of 13 and requires verifiable consent from a parent or guardian before personal information can be collected about a child. Even if consent is given, there are limitations on how the collected information can be used, extra protections must be in place and methods made available for parents to review the personal information collected.According to American City Business Journals, Amanda Rushing discovered that no such parental consent was asked for when her child downloaded the app Disney Princess Palace Pets. Even so, Rushing believes the app collected personal information about her child and shared that information with third-parties including advertisers.This led to a federal class action lawsuit being filed in U.S. District Court in Northern California by law firms Lieff Cabraser and Carney Bates & Pulliam against The Walt Disney Co., as well as software developers Upsight Inc., Unity Technologies SF and Kochava Inc.According to The Verge, a total of 42 Disney apps are included in the lawsuit that apparently violate COPPA. It asks that Disney is forced through an injunction to stop tracking children without consent, but also that “appropriate relief” be awarded covering “actual and statutory damages and punitive damages, plus costs.”Disney responded to the lawsuit with the following statement:”Disney has a robust COPPA compliance program, and we maintain strict data collection and use policies for Disney apps created for children and families. The complaint is based on a fundamental misunderstanding of COPPA principles, and we look forward to defending this action in court.”This isn’t the first time Disney is facing COPPA violation accusations. In 2013, the Disney-owned subsidiary Playdom violated COPPA rules by illegally collecting and disclosing personal information from hundreds of thousands of children. To settle the charges, Disney ended up paying $3 million. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals August 10, 2017 Register Now »last_img read more

The human brain works in reverse order to retrieve memories

first_imgReviewed by Alina Shrourou, B.Sc. (Editor)Jan 14 2019When we remember a past event, the human brain reconstructs that experience in reverse order, according to a new study at the University of Birmingham.Understanding more precisely how the brain retrieves information could help us better assess the reliability of eye witness accounts, for example of crime scenes, where people often are able to recall the overall ‘gist’ of an event, but recall specific visual details less reliably.The study, published in Nature Communications, was carried out by researchers in the Centre for Human Brain Health, who reconstructed the memory retrieval process, using brain decoding techniques. These techniques make it possible to track when in time a unique memory is being reactivated in the brain.They found that, when retrieving information about a visual object, the brain focuses first on the core meaning – recovering the ‘gist’ – and only afterwards recalls more specific details.This is in sharp contrast to how the brain processes images when it first encounters them. When we initially see a complex object, it’s the visual details – patterns and colours – that we perceive first. Abstract, meaningful information that tells us the nature of the object we’re looking at, whether it’s a dog, a guitar, or a cup, for example, comes later.”We know that our memories are not exact replicas of the things we originally experienced” says Juan Linde Domingo, lead author of the study. “Memory is a reconstructive process, biased by personal knowledge and world views – sometimes we even remember events that never actually happened. But exactly how memories are reconstructed in the brain, step by step, is currently not well understood.”During the study, participants saw images of specific objects, and then learned to associate each image with a unique reminder word, for example the word ‘spin’ or ‘pull’. The participants were later presented with the reminder word and asked to reconstruct the associated image in as much detail as possible.Related StoriesNew therapy shows promise in preventing brain damage after traumatic brain injuryDon’t Miss the Blood-Brain Barrier Drug Delivery (B3DD) Summit this AugustWearing a hearing aid may mitigate dementia riskBrain activity was recorded throughout the task via 128 electrodes attached to the scalp, allowing the researchers to observe changes in brain patterns with millisecond precision. Finally the researchers trained a computer algorithm to decode what kind of image the participant was retrieving at different points in the task.”We were able to show that the participants were retrieving higher-level, abstract information, such as whether they were thinking of an animal or an inanimate object, shortly after they heard the reminder word,” explains Maria Wimber, senior author of the study.”It was only later that they retrieved the specific details, for example whether they had been looking at a colour object, or a black and white outline.””If our memories prioritise conceptual information, this also has consequences for how our memories change when we repeatedly retrieve them,” adds Linde Domingo.”It suggests they will become more abstract and gist-like with each retrieval. Although our memories seem to appear in our ‘internal eye’ as vivid images, they are not simple snapshots from the past, but reconstructed and biased representations.”Follow-up studies will need to test whether this reversed reconstruction cascade is ‘hard-wired’ in the brain. If it is, the sequence of reconstruction should remain stable under different conditions, even when a person for example consciously focuses their attention on specific details during learning.The team is currently also looking in more detail at how and where the brain reconstructs more complex memories. Once the pathway of memory retrieval is established in the healthy brain, researchers can also start looking into how it is altered in healthy ageing, or how this pathway might contribute to the over-generalization of memories in conditions like post-traumatic stress disorder. Source: read more

Bigger pricier iPhone shown at Apple event Wednesday

first_img Citation: Bigger, pricier iPhone shown at Apple event Wednesday (2018, September 12) retrieved 17 July 2019 from CEO Tim Cook showed off the Apple XS, which has a bigger screen than the one on last year’s dramatically designed model , the iPhone X. A bigger version will be called the iPhone XS Max, which looks to be about the size of the iPhone 8 Plus, though the screen size is much bigger.As with the iPhone X, the new phone has a screen that runs from edge to edge, an effort to maximize the display without making the phone too awkward to hold. The screen needs no backlight, so black would appear as truly black rather than simply dark.This even-bigger iPhone represents Apple’s attempt to feed consumers’ appetite for increasingly larger screens as they rely on smartphones to watch and record video, as well as take photos wherever they are.The iPhone X also got rid of the home button to make room for more screen and introduced facial-recognition technology to unlock the device.By making more expensive iPhones, Apple has been able to boost its profits despite waning demand as people upgrade phones less frequently. IPhones fetched an average price of $724 during the April-June period, a nearly 20 percent increase from a year earlier. Jeff Williams, Apple’s chief operating officer, speaks about the Apple Watch Series 4 at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) 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. Apple CEO Tim Cook speaks about the Apple iPhone XS at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Worldwide smartphone sales grew just 2 percent during that period, according to the research firm Gartner Inc. During the second quarter, which is typically slow for Apple, China’s Huawei Technologies surpassed Apple as the second-largest seller of smartphones, based on Gartner’s calculations. Samsung remained in the lead. Apple CEO Tim Cook speaks at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Jeff Williams, Apple’s chief operating officer, speaks about the Apple Watch Series 4 at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Jeff Williams, Apple’s chief operating officer, speaks about the Apple Watch Series 4 at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Bigger, pricier iPhone expected at Apple event Wednesday Explore further Phil Schiller, Apple’s senior vice president of worldwide marketing, speaks about the Apple iPhone XS at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) © 2018 The Associated Press. All rights reserved. Phil Schiller, Apple’s senior vice president of worldwide marketing, speaks about the Apple iPhone XS at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Jeff Williams, Apple’s chief operating officer, speaks about the Apple Watch Series 4 at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Phil Schiller, Apple’s senior vice president of worldwide marketing, speaks about the Apple iPhone XS and Apple iPhone XS Max at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Phil Schiller, Apple’s senior vice president of worldwide marketing, speaks about the Apple iPhone XS at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Jeff Williams, Apple’s chief operating officer, speaks about the Apple Watch Series 4 at the Steve Jobs Theater during an event to announce new Apple products Wednesday, Sept. 12, 2018, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez) Apple unveiled three new iPhones on Wednesday, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales.last_img read more

South Korea clearly called for withdrawal of Japans export curbs at meeting

first_img Related News Tech News 08 Jul 2019 Boycott Japan: South Korean Instagrammers react to export curbs The trade ministry official also said Seoul has not heard any complaints from Japan over Friday’s talks. He declined to be named, because of the sensitivity of the matter. (Reporting by Hyunjoo Jin; Editing by Toby Chopra) Related News {{category}} {{time}} {{title}}center_img World 09 Jul 2019 South Korea rejects Japan media reports on transfer of material to North Korea SEOUL (Reuters) – South Korean trade ministry officials “clearly” called on Japan to drop its export restrictions on the neighbouring country at a bilateral meeting on Friday, a Seoul official told Reuters on Saturday, rebutting Tokyo’s claims that Seoul did not make such a demand. Japan 10 Jul 2019 Japan, S. Korea step up trade disputelast_img read more