“I already have two sure candidates in mind,” said Cojuangco during the thanksgiving mass and dinner party for the Philippine Asian Indoor and Martial Arts Games delegation Friday night at V Corporate building in Makati City.Cojuangco, however, declined to name the athletes and the national sports associations who can make history by delivering the first-ever gold medal for the Philippines in the Olympics.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“I have a strong feeling they can win it. But I don’t want to mention the sport; I don’t want to pressure them,” said the POC chief. “We just have to fuel them up with high-octane gasoline and their performances can translate into gold medals.”Cojuangco said the athletes are homegrown but hinted that other potential gold medals could also come from swimmers and tracksters based in the United States. “We need a training center to achieve this. Without a training center, getting those medals will be difficult,” he pointed out.According to Cojuangco, there’s already a masterplan for the construction of a new sports facility in Clark Green City while the POC is also looking at another site in Iba, Zambales, to put up a training center.The Philippines could only settle for another silver medal courtesy of weightlifter Hidilyn Diaz in the 2016 Rio De Janeiro Games, 20 years after boxer Mansueto “Onyok” Velasco delivered the last medal for the country with a silver performance in the 1996 Atlanta Games.ADVERTISEMENT MOST READ LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Don’t miss out on the latest news and information. Ateneo bags sixth win, hands NU third straight loss BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Frontrow holds fun run to raise funds for young cancer patients Nonong Araneta re-elected as PFF president POC President Peping Cojuangco. Photo by Tristan Tamayo/INQUIRER.netThe Philippines won’t simply end the country’s gold medal drought in the Olympics in the 2020 Tokyo Games. But it’s going to do so in style.Philippine Olympic Committee president Jose Cojuangco Jr. believes Filipino athletes are capable of winning five gold medals in Tokyo, but only if the country puts up the proper training facilities needed for these athletes to succeed.ADVERTISEMENT Fire hits houses in Mandaluyong City Brace for potentially devastating typhoon approaching PH – NDRRMC LATEST STORIES PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH00:45Onyok Velasco see bright future for PH boxing in Olympics01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games View comments Fire hits houses in Mandaluyong City Typhoon Kammuri accelerates, gains strength en route to PH Read Next
Wales coach Ryan Giggs: Man Utd must keep buyingby Paul Vegas19 days agoSend to a friendShare the loveWales coach Ryan Giggs says Manchester United need FIVE new players to bring the glory days back to Old Trafford.Ole Gunnar Solskjaer’s under-fire side have won just five of their last 22 matches, and are winless in ten away games, ahead of today’s crunch Prem clash at Newcastle.Giggs told The Sun: “I see what Ole is doing and I support that. He’s brought in three players but he probably needs seven or eight.”So he needs another four or five. But you can’t do that over one transfer window, so you have to be patient because it will be slow.“What he is trying to do was much needed. He needs time.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
NORMAN, OK – SEPTEMBER 5: Oklahoma head coach Bob Stoops talks on the field before the game against the Akron Zips September 5, 2015 at Gaylord Family-Oklahoma Memorial Stadium in Norman, Oklahoma. Oklahoma defeated Akron 41-3.(Photo by Brett Deering/Getty Images)The Big 12 was the only major conference without a playoff participant last year, but in 2015, it certainly looks like history will not repeat itself. The league currently has three undefeated teams – Baylor, TCU and Oklahoma State – and a fourth, Oklahoma, with just one loss. Furthermore, as you’ll see below, the conference now has the three top spots in ESPN’s FPI. Baylor, TCU and Oklahoma are 1-2-3. Ohio State is the highest-ranked non-Big 12 school, at No. 4. Oklahoma State is No. 14.Here’s a reminder of what the FPI measures.The Football Power Index (FPI) is a measure of team strength that is meant to be the best predictor of a team’s performance going forward for the rest of the season. FPI represents how many points above or below average a team is. Projected results are based on 10,000 simulations of the rest of the season using FPI, results to date, and the remaining schedule. Ratings and projections update daily.Alabama is currently the top-ranked SEC squad. USC, at 5-3, is the highest Pac-12 team, at No. 5. Clemson, the ACC’s top dog, is No. 7.What do you think, college football fans? How accurate is this tool?
Rapper The Game has launched a challenge for himself: to make the world a better place.He has promised to give away $1 million dollars before Christmas, and not in one quick and easy lump. He is raising his awareness of others, observing the world around him and looking for people in need as he goes about his daily life.He has called his challenge “The Robin Hood Project”, and created an Instagram account where fans can follow it’s development.He explains why he has chosen to undertake such an ambitious project there:“The other day I posted this pic of an African child I met in Australia playing outside the grocery store. His story of his families hardships & struggles to get away from the terror they left behind touched me so I gave him what I had on me… Which was an Australian $20 bill. As the days passed, I thought about him over & over & over & the only thing that bothered me about that night was that I didn’t have more on me to give him at that time. For some reason I just didn’t bring more money from the hotel.”The Game is finding people in need.Credit/Copyright: Instagram“Since I can’t shake that feeling… I have decided to give $1,000,000 (1 million dollars) to people I come in contact with around the world everyday until Christmas. Don’t even know if thats possible but I’ve set my heart on trying !!! I’ve created a new account specifically for those who would like to FOLLOW @therobinhoodproject & support me on this journey. I ask myself all the time why my heart allows me to do the things it does. Still waiting on an answer………. Please hash tag #TheRobinHoodProject & tag friends you think will be touched or supportive to this movement…. sincerest thanks – The Game”So far The Game has managed to provide meals and hope to a number of people around Australia, though his biggest donation has been to the grieving family of a 6-year-old girl who was shot when two men opened fire on her and her father at the weekend. The Game said the news of the shooting hit him like “nothing ever has”, and immediately reached out to the girl’s mother, offering to cover the $10,000 funeral costs. He is requesting that people keep the girl’s family in their thoughts and prayers, saying Follow her now @lost_the_love_of_my_life & show her support thru this tough time…… Prayers are definitely needed.”You can follow The Game’s philanthropic adventure on Twitter and Instagram.Copyright ©2013Look to the Stars
MONTREAL – SNC-Lavalin Group Inc. reported a first-quarter profit of $78.1 million as its revenue climbed with the acquisition of British engineering firm WS Atkins last year.The company says the profit amounted to 44 cents per diluted share for the quarter, down from $89.7 million or 60 cents per diluted share a year ago.Revenue totalled $2.43 billion, up from $1.85 billion.On an adjusted basis, SNC says it earned $136 million or 77 cents per share, up from $105.1 million or 70 cents per share a year ago.SNC’s adjusted profit from its engineering and construction business amounted to 51 cents per share, up from 40 cents per share a year ago.SNC completed its acquisition of WS Atkins last summer for roughly $3.6 billion.Companies in this story: (TSX:SNC)
Starbucks closed about 1,100 Canadian locations this afternoon for training on race, bias and inclusion.This @Starbucks on 5 St. and 6 Ave SW is one of about 1,100 locations across Canada closing early for inclusiveness training today. #yyc pic.twitter.com/Pvs7qIVm6e— Crystal Laderas (@CrisLaderas) June 11, 2018In a letter to customers, Starbucks Canada president Michael Conway says the training will involve sharing experiences, listening to experts, reflecting on the realities of bias in society and talking about how employees can create public spaces where everyone feels like they belong.The training comes after the Seattle-based company publicly apologized for the arrest of two black men who had been refused permission to use the washroom of a Starbucks coffee shop in Philadelphia.In his letter, Conway calls the incident “reprehensible” and says the training isn’t just about what happened in Philadelphia, but about humanity and making sure all customers feel safe and welcome.In late May, 8,000 U.S. locations were shut for an afternoon for similar training.
NEW DELHI: After shooting down a Low Earth Orbit (LEO) satellite with its indigenously developed Anti-Satellite (A-SAT) weapon, India is now a reckoning space power, Prime Minister Narendra Modi said in his address to the nation.On March 27, at 11:16 am, India successfully launched its A-SAT weapon that targetted an Indian satellite which had been decommissioned and was orbiting an LEO at a height of 300 km from Earth’s surface. DRDO’s Ballistic Missile Interceptor, a part of the ongoing ballistic missile defence programme, was deployed. Also Read – India gets first tranche of Swiss bank a/c detailsThis ‘technological mission’ was carried out by DRDO from Dr A P J Abdul Kalam Island launch complex in Odisha. The team of scientists was able to accomplish the task of locating, destroying and confirming the destruction of said satellite within three minutes. Mission Shakti deserves celebration as this is the first time that India has tested and successfully demonstrated its capability to interdict and intercept a satellite in outer space based on complete indigenous technology. Rightly, Prime Minister Narendra Modi said that this is ‘a proud moment’ for Indians. A-SAT weapons play a crucial role in locating, intercepting and destroying incoming satellite that may threaten national security. However, the sphere of space weapons is contentious. Strict guidelines are enforced under the 1967 Outer Space Treaty, of which India is a signatory. Also Read – Tourists to be allowed in J&K from ThursdayThe treaty strongly prohibits the use of weapons of mass destruction in space. However, with its A-SAT weapon, India has been careful to not overstep any points of the treaty. India has also expressed support to the substantive consideration of Prevention of an Arms Race in Outer Space (PAROS) in the Conference on Disarmament, where it has been on agenda since 1982. Clearly, India’s intent is less offensive and more a defensive tool of strengthening national security and propelling the development of greater space technology. Earlier, China’s test in 2007 received widespread criticism from the global community, which iterated that the Dragon’s attempt to launch A-SAT weapons had “serious consequences of engaging in the militarisation of space”.
There are about three lakh voters out of nearly five lakh tea workers and their family members residing in more than 276 tea estates in Darjeeling, Jalpaiguri and North Dinajpur in West Bengal. But they are not enthusiastic about casting their vote. A sense of disbelief on the democratic system runs deep in the minds of people whose livelihood comes from the once-thriving Bengal’s distant tea gardens. Even when the tea tribe’s votes are high and political parties are wooing them, in all possible ways, their status remains unchanged. Also Read – A special kind of bondThe idyllic picture-perfect tea gardens with verdant plantations tucked away in state’s northern parts present a picture of neglect, deprivation and poverty. Jupiter Orang, one of the three lakh voters, is unsure if he should vote. “My wife, three children and I live in India, but survive on Bhutan’s water. My wife Nancy walks for miles to enter Bhutan to fetch drinking water. Frankly, we are not bothered who wins or loses as we have little time to think about candidates and governments. We’re too much bothered about our basic minimum daily needs of survival,” says Orang sitting in a room with a tin roof near Bandapani Tea Estate in Jalpaiguri. Also Read – Insider threat managementHe says former tea workers, who were forced to work as daily labourers after the closure of the Bandapani estate due to unrest, look up to Bhutan government to provide them water. Unavailability of drinking water, especially during torrid summer, aggravates their problem. “Last year, we had to give Rs 5,000 to authorities in the neighbouring country to use their water. We’re poor and find it difficult to eke out a living for ourselves, but we had no option. We somehow collected money from family members in the village and gave it to Bhutan authorities,” says Orang. Workers are unsure if they can survive under this financial burden for long. Bandapani garden workers in other gardens, like Carron and Lankapara, also spend a substantial amount of money to get water from Bhutan because there is no facility for drinking water in their areas. Fed up of the way they were treated, Orang’s fellow worker Ramkant Orang migrated to Bhutan to work at a factory. “In India, tea workers are living in sub-human conditions. Management asked us to collect 25 kilogrammes of leaves in eight hours. Earlier, it was 20 kg in eight hours. Again, wage is very less. What will you do with Rs 176 per day? I was forced to leave my home and migrate to Bhutan where working at a factory helps me sustain my family,” says Ramkant. Other than water crisis and poverty, problems that stalk tea gardens are low wages and lack of land rights for workers, whose votes are decisive in three Lok Sabha constituencies in North Bengal. The country’s second largest employer — tea industry — undermines labour rights and deprives workers and their families of the most basic needs. Other glaring problems the voters in nearly 300 tea estates face are malnutrition, human trafficking and starvation deaths. These are certain factors underscoring the desire for a better life. The availability of basic facilities like healthcare and education do not even meet the minimum criterion. Experts believe daily wage is a major bone of contention. “Tea garden workers in North Bengal have been demanding revision of minimum wages. Nearly three lakh workers in North Bengal called a three-day strike in August 2018. Right now, a worker gets a daily wage of Rs 159. After several meetings with the joint forum of trade unions, the West Bengal Labour Department issued a notification saying tea workers will have to be paid at an enhanced rate,” Debu Chaki, who has done research on North Bengal’s tea problems. “The wage rate has to be increased by Rs 10 from September 1, 2018, and by Rs 7 from October 1, 2018, which means, the new wage will be Rs 176 per day. This is an interim measure to help the workers until the minimum wage rate is finalised, says the government order. But in reality, the wage issue still persists as many workers are getting less than the amount,” adds Chaki. Anadi Sahu, general secretary of Centre of Indian Trade Unions, feels the condition of tea workers is getting worse by the day. “Tea workers are beset with a host of problems and the state government and Centre have turned a blind eye to their plight. We’ve raised the issue of their minimum wages, lack of livelihood and lack of sanitation, but to no avail,” says Sahu. He further questions the intent of the West Bengal government regarding minimum wage of tea workers. “A tea worker in Bengal struggles to get Rs 176. But think of Assam, where a tea worker gets Rs 350 for the same work. Centre’s 7th Pay Commission also recommended at least Rs 18,000 for such tea workers, but the recommendations have not been implemented yet,” adds Sahu. Another problem that stalks the gardens is human trafficking. “About 80 per cent of migrants from tea gardens are unsafe. Trafficking agents get Rs 40,000-50,000 per person,” says Binu Rai, an activist in the region. There are agents who lure unemployed tea workers with job promises. “First, they travel to Delhi, from where they fly to Saudi Arabia. Women, who get jobs as domestic help, are abused in foreign countries. In the past two years, only a few women were able to return and some of them came back with communicable diseases,” adds Rai. Speaking about the main reason behind the closure of tea gardens and financial condition of tea workers, secretary of Tea Association of India in Dooars, Ram Avtar Sharma, says, “Most of the tea estates are running in losses. India produces high-quality tea and a good amount of tea is exported to foreign countries, but we’re losing out to China, Kenya and Sri Lanka as they sell tea at a cheaper rate. Tea production has become costly and the profit margin is very less.” (The author is a journalist. The views expressed are strictly personal)
Mumbai: Thirteen luxury cars owned by fugitive diamantaires Nirav Modi and his uncle Mehul Choksi went on online auction by the Metals & Scrap Trading Corporation, here on Thursday. The auction is being carried out on behalf of the Enforcement Directorate (ED) which had seized these vehicles from Modi and Choksi last year. The vehicles include a silver Rolls Royce with a reserve price of Rs 1,33,00,000, a Porsche worth Rs 54,60,000, a red Mercedes Benz Rs 14,00,000, a white Mercedes Benz Rs 37,80,000 and a BMW Rs 9,80,000. Also Read – Uddhav bats for ‘Sena CM’ Besides, there are two Honda Brio, Toyota Innova, Honda CRV, Toyota Fortuner, Skoda Superb Elegance, Toyota Corolla Altis and Toyota Innova Crysta. Of these 13 vehicles, the BMW and Toyota Innova Crysta belong to Choksi and the rest belong to Modi, his family and his group companies. Prior to the auction, the prospective bidders were permitted physical inspection of the vehicles at various locations earlier this week. A MSTC official said that by 4 p.m. the highest bidders shall be known and communicated to the ED which will take the final decision on awarding the successful bids. The ED auction follows an order of the Special PMLA court permitting the sale of these cars.
While it looks likely the Tennessee Titans will take a page from The Godfather and make Hasselbeck “an offer he can’t refuse,” it’s good to know that Ken Whisenhunt’s team isn’t putting all their eggs in the Kevin Kolb basket. They are being aggressive and kicking the tires on many options at the quarterback position and that should help assure they land the right one in the end.Will Hasselbeck likely wind up as that option? Doubtful, but as long as he doesn’t wind up back with the division rival Seahawks, it’s a win for the Cardinals. Nevada officials reach out to D-backs on potential relocation 0 Comments Share D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Top Stories Kevin Kolb might not be the only quarterback the Arizona Cardinals are checking in on now that the lockout has been lifted. In fact, they may have their eyes on a veteran Cardinals fans are familiar with.Reports from the Seattle Times have the Cards placing a call to Seahawks quarterback Matt Hasselbeck.One thing that is becoming clear: Matt Hasselbeck’s options.He is an unrestricted free agent, the top quarterback in the class, and while it’s early — just the first hour when teams can contact players — the list of teams in play are Seattle, Arizona, San Francisco, Tennessee and Miami. Those are listed in no particular order.Hasselbeck may not be the first quarterback on the Cardinals wish list but as backup plans go, there are a lot worse options (see: Anderson, Derek). What an MLB source said about the D-backs’ trade haul for Greinke Cardinals expect improving Murphy to contribute right away
Categories: Lucido News,News 15Jun Rep. Lucido votes for funds to build local leg of Iron Belle Trail State Rep. Peter Lucido today joined his House colleagues in approving Natural Resource Trust Fund money, which includes funding to construct a portion of a statewide trail through Shelby Township.Lucido, of Shelby Township, said development of the trail will cost $663,600 in a combination of Trust Fund and local money, and will take hikers and nature lovers to the Clinton River.“This trail will be part of the Iron Belle Trail connection that will stretch from Detroit to the Upper Peninsula,” Lucido said. “Our part of the trail will be in the 429-acre River Bends Park and will give visitors a chance to take in the beauty of the Clinton River and surrounding area.”The funding is comprised of revenue from the lease of state land and is designated on an annual basis in partnership with local governments for the projects.The bill now goes to the Senate for consideration.#####The bill is Senate Bill 76.
German sports broadcaster Sport1 will launch its high definition network Sport1+ HD via Sky Deutschland in August after striking a carriage deal with the News Corp-backed pay TV operator.The channel, which is a subsidiary of Constantin Medien, will be available to all HD subscribers to the sports or football Bundesliga package. The channel will air sporting events including the ATP World Tour tennis and motorcycle racing from the the Motorcycle World Championship MotoGP.
The DVB is exhibiting at IBC on stand 1.D81 The DVB will use its presence at IBC to demonstrate HEVC-encoded content in multiple UHD services utilising DVB-S2X and multiple HD services via DVB-T2.Following the approval in July of the specifications for the use of HEVC in the DVB environment and DVB-UHDTV Phase1, which was seen as a significant step in the road to Ultra High Definition TV services, at this year’s IBC, DVB’s main concentration will be to demonstrate how the coding efficiency of HEVC can be used to increase the capacity of the DVB-T2 terrestrial platform as well as for the new DVB-S2X satellite standard.Utilising HEVC encoding, multiple UHD services will be delivered using DVB-S2X and multiple HD channels over DVB-T2. The DVB-S2X demonstration will highlight the new standard that offers spectral efficiency of up to 50% for professional applications. S2X will be implemented with HEVC to deliver 4 UHD signals at a data rate of 100 Mbps. DVB-S2X provides more choices for roll-off factors as well as additional modulation and Forward Error Correction options that allow for the more efficient use of satellite transmission channels, according to DVB. It enables channel bonding of up to three satellite channels, which support higher aggregate data rates and allow for additional statistical multiplexing gain for services such as UHDTV.In another demonstration up to seven HEVC encoded HD channels will be delivered in one multiplex using DVB-T2 in a robust mode suitable for small indoor antennas and portable reception. Both fixed reception and mobile reception will be demonstrated.
Google’s Chromecast is offering new US customers a two-month Hulu Plus subscription.The streaming HDMI dongle retails for US$35 in the US and a subscription to Hulu’s premium service is US$7.99 a month.The offer, which became active today, is not as generous as the one Chromecast offered at launch, when buyers got a three months Netflix subscription.The Chromecast first launched in the US before rolling out internationally.It is now also in several international markets including the UK and Ireland, France, Germany, Italy and Spain.
Matthias KurthEurope needs a “rational” net neutrality regime and a US-type promotion of very strict rules would not benefit consumers, according to cable industry body Cable Europe.Opening the Cable Congress in Brussels this morning, Cable Europe president Manuel Konstamm called for a “market-led solution” to net neutrality.Executive chairman Matthias Kurth told attendees that he hoped “Europe would have a more rational approach” than the US, although the European parliament is divided on the issue. He said European operators hoped to avoid anything similar to the Title II regulations imposed on US operators by the FCC.Speaking at the Cable Congress press conference earlier, Kurth said that “no-one in our industry is against the open internet” but that “we also want the issue to be seen in a way that still makes innovation possible”. He said that the introduction of new services would require “some special treatment”.Kurth said that he hoped Commissioner Gunther Oettinger and other policy makers would take a “rational” view and described the introduction of strick net neutrality rules in the US as not helpful.Kurth said that Cable Europe is working to ensure its input into changes that will be introduced by the new Commission.Kurth said he hoped there would be “fair competition” with OTT players with a level playing field. “Everyone uses WhatsApp but we still go on regulating SMS prices, which doesn’t make sense,” he said. “I think the Commission is looking in this direction.”Kurth said that cable had invested significantly in broadband infrastructure. There is a great supply of liquidity for broadband investment, he said. “We don’t need subsidies, but if there is a discussion on this, it should clearly be limited to areas where there is no feasible economically viable business case [for commercial investment],” he said. “It also has to be [for] a mix of technologies.Fibre is not the solution everywhere. We have seen that cable has a lot of potential, especially when coax is used for the last metres to the home in a hybrid connection.” He said this type of hybrid connection using existing coax is much more economic than bringing fibre to every home.Addressing Congress attendees after the press conference, Kurth reiterated that public money should be “limited to rural areas” and should be “technology-neutral”.The ability to port content rights across borders is clearly something European consumers want, said Kurth. He said he hoped rights societies would take a helpful view.“Accessing content across countries on different devices is something where you can show there is actually a single market,” he said. Kurth said one issue was there are so many organisations handling rights that distributors have to deal with that it complicates investment plans.Kohnstamm said that European consumers are not happy about geo-blocking of VoD services between countries and a growing number of providers were providing pan-European services.
First Russia, and now China. US politicians aren’t doing themselves any favors getting involved in foreign disputes, especially with their track record of failed foreign policy. “Hong Kong affairs fall entirely within China’s internal affairs,” Chinese Embassy spokesman Geng Shuang states. “We hope that some countries and people can be prudent in their words and deeds, refrain from interfering in the internal affairs of Hong Kong in any way, do not support the illegal activities such as the ‘Occupy Central,’ and do not send any wrong signals.” Don’t make any mistake about this official statement: this was China’s way of telling the US politicians to zip it and mind their own business. How did all this start? With US Senator Menendez. New Jersey Democrat Bob Menendez sent a letter to Hong Kong’s Chief Executive Leung Chun-ying asking that he respect the rights of his people (Hong Kong citizens), and condemning the Hong Kong government’s “excessive” use of tear gas under his watch. Tomorrow, US Secretary of State John Kerry meets with Chinese Foreign Minister Wang Yi. With China already having passed along its “butt out” message to the US, it will be interesting to see if Kerry tries to push his country’s misguided agenda, and if the mainstream media pick up on any of it. But what does this all mean? It means the US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling. It’s hardly a new US tactic to foment dissent in a foreign state. We saw it in the support of anti-Assad rebels in Syria. We saw it again in Ukraine, where the US financed the February coup. With China, Washington will have to resort to words rather than guns, but it would love to see the people rise up against communism. Last Monday, White House spokesman Josh Earnest made that clear when he stated, “The United States supports universal suffrage in Hong Kong in accordance with the Basic Law and we support the aspirations of the Hong Kong people. We have consistently made our position known to Beijing and will continue to do so.” Earnest is just the messenger, of course. That message comes directly from Obama’s Oval Office. China is no backwater nation. It’s a global economic giant. It will stand up to the US on this issue, and not just because of how much it resents outside agitators. The more important reason is that the last thing the government of China needs is a wave of democratic protests across the nation. Remember, China has more than 160 cities with a population over 1 million. Vancouver, BC, Canada, the epicenter of the junior resource sector, doesn’t even have 1 million people (the greater Vancouver region does, but the city core doesn’t even have 750,000 inhabitants). For further perspective, consider that all of Europe only has 35 cities with 1 million people or more. China now has over 160 such cities, and it’s projected that by 2025—just 11 years away—that number will jump almost 40%, to 220! If a wave of protests were to spread across any large percentage of those 160 cities, that would be a disaster for the Chinese economy. And the worse the economy got in China, the worse the protests would become. Things could spiral out of control very quickly, and the government and military would have some serious problems on their hands. Given the dangers, it’s easy to understand why the Chinese government would go to great lengths to suppress any widespread protests. The last thing the government wants is another incident like Tiananmen Square, where hundreds of students were massacred by the authorities in June of 1989. We must bear in mind that what goes on in China may seem mysterious to an outsider who’s been raised on the notion that all the world’s people crave democracy. But for the majority of the Chinese, what they’ve grown up with is completely normal to them. What the governmental authorities feel they need to do to keep order may be repellent to Americans, but that’s their normal. So… how does what happens in China affect you? If you’re an investor, work in the resource sector, and/or have a job that’s involved in international finance, pay attention. All resource investors must realize that whatever happens in China will affect commodities around the world, for good or ill. Napoleon was quoted as saying, “China is a sleeping giant. Let her sleep, for when she wakes she will move the world.” He was right. China is awake, and it has more than shaken the world. There isn’t a better quote to summarize the importance of China today in the resource markets. Whether you’re talking coal, oil, iron ore, or copper, China matters. Take oil, for instance. In the month of September 2014, the US imported an average of 7.47 million barrels of oil a day. Ten years ago, the US imported an average of 9.73 million barrels a day in the month of September. These are data from the US’s Energy Information Administration website. (By the way, we’ve seen many reports from misinformed reporters claiming that the US imports only 5 million barrels of crude oil a day now. That is incorrect information, as the government data show.) How much oil does China import? A little over 6 million barrels of crude per day. China is the world’s second-largest oil importer after the US, which it is expected to pass in 2015. China also has the second-largest refining capacity of nearly 14 million barrels of oil a day, trailing only the US’s total of just under 18 million barrels. Again, China is projected to forge ahead in 2015. This is just one of the many ways in which China matters. So how do we profit from the information we have? History shows that energy stocks move in cycles. We’ve now completed a major analysis of the best oil producers in North America; we believe they’re on the cusp of a tremendous boom. The only way to position your portfolio for a major upswing in the oil sector is to buy before the boom is in full swing—and that is now in my opinion. Readers who want to understand, hedge against, and even profit from the decline of the petrodollar are advised to sign up for my Casey Energy Report. For most readers, this is literally a once-in-a-lifetime opportunity. Test my newsletter for the next 3 months, and if you don’t like it or don’t make any money, just cancel within that time for a full and prompt refund. 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We all hear this advice with set-your-clock regularity: “Follow the smart money.” But who or what is this so-called smart money? Why is it smart? How do we find it—let alone try to determine where it’s headed? And how can we take advantage of it? Taking it from the top, what is “smart money”? It’s money put into companies by the top tier of experienced investors, hedge fund managers, and/or institutions. The opposite of it is “dumb money”—the cash that pours in once the investment gets touted front and center in the financial press as “the latest hot secret” for the naïve millions to read—commonly followed by the investing herd stampeding into the sector and driving prices up into a bubble that bursts and leaves heavy losses in its wake. Obviously we want to follow the smart money and avoid getting swept away with the dumb money. But what makes the smart money smart? It’s simple, really. 1. Those in the know have better access to information—and access to better information. If your job were to find the best investments and manage millions, perhaps billions, of dollars, wouldn’t you try to take every advantage the law allows (and maybe even exploit some of the legal gray areas)? This could mean gaining access to policymakers, personally getting to know company management and technical experts, or just immersing yourself in how the market is moving and why. Honestly put, the smart money may know important news hours or even days before it hits the newswires, due to a level of access unavailable to the average retail investor. Using this information, the smart money is able to make better-informed decisions, and make them faster. Sticking with the buy low/sell high mantra is easier when you’re in that position. 2. Serially successful people tend to continue to be successful. The Pareto Principle posits that 80% of an event’s effects often arise from 20% of its causes—or in financial terms, 20% of the people working in a given sector generate 80% of the wins. Being a math guy, I’ll take it one step further. If the top 20% of that group again generates roughly 80% of the wins, this means the top 4% of entrepreneurs generate 64% of the wins. Those who have previously demonstrated that they have what it takes are the ones most likely to do it again. I call it the “4-64” rule. Pay attention to what these folks are doing. 3. They don’t allow the herd to trample them. When you hear about the latest investment fad in the news, you can be pretty sure that idea has passed through hundreds of thousands of hands on its way to you. By the time it hits the airwaves, it’s usually too late: The real money, based on the company’s real value, has already been made. Herd investing is one of the most dangerous threats to your net worth. As the dumb money flows in and the share price begins to climb, it’s easy to get complacent and think that the shares will keep going higher. But that’s when the smart money strikes, pulling out their investment at the expense of the dumb money, taking its profits and leaving the field. Sooner or later, the price takes a nosedive under the selling pressure. It’s the herd that always ends up holding the bag. How to take advantage? Well, let’s take Warren Buffett for example. I have no hesitation labeling him and his group of companies and funds as very smart money. It’s also no secret that Buffett has a cult following, and after it becomes public that he owns a stock, that the “not so smart” money rushes in and pushes that stock even higher. So, the ideal is to get into an investment before the smart money… or at least at the same time. Then, when the involvement of someone like Warren Buffett gets noticed, the herd will drive the price upward, and you will reap the rewards. Of course, you also want to get out before the inevitable decline arrives, which may mean you exit a little early. No problem. You want to preserve your winnings, and no one ever lost money by taking profits. The nice thing is, if it’s basically a sound company, you can ride this cycle multiple times. That’s exactly what we did with ExxonMobil. We got in low, booked our gains, and moved on. It’s now pulled back enough once again that we saw another good entry point, and we jumped back into the stock. But what about our final question? How do you figure out where the smart money is headed next, so that you can get in with or—better yet—just ahead of them? Answer: you do a lot of hard work. There are no shortcuts. You have to ferret out the small number of solid companies that are selling at a discount—and discard all the rest. History is also your guide. It shows that energy stocks move in cycles. We’re somewhere in the trough of a long down cycle, which is exactly the time to go bargain hunting. To maximize our chances of finding the most compelling buys, we’ve now completed a major analysis of the best oil producers and service companies in North America. We’ve locked in our gains before the market selloff on many of the producers, and we believe now is the time to start buying and start building your position in the right companies, during market pullbacks and market weakness. Oil has dropped $15 per barrel in the last year, and majors are sale. Fortune favors the bold, and the key to buying is to do so when others are fearful. This is as true in the oil sector as any other. Buy before the smart money becomes comfortable to stake out major positions. Way before the herd takes notice. And that time is now, in my opinion. Readers who want to make money as the energy sector turns higher—and who want to understand, hedge against, and even profit from the ensuing decline of the petrodollar—are advised to sign up for my Casey Energy Report. For most readers, this is literally a once-in-a-lifetime opportunity. Test my newsletter for the next 3 months, and if you don’t like it or don’t make any money, just cancel within that time for a full and prompt refund. Upon signing up, you’ll receive the September issue of the Casey Energy Report, which will provide you with an in-depth analysis of my favorite companies, including dividend-paying and small-cap companies ready to profit from the Russia/US confrontation that I’ve termed “the Colder War.” So if you want to get behind the real winners, be a part of the “smarter money,” and book some serious profits from the inevitable coming bull market in oil, click here to get started now.
Copyright 2018 NPR. To see more, visit http://www.npr.org/.
Copyright 2019 NPR. To see more, visit https://www.npr.org.
One of the country’s most influential disabled campaigners is to take control of BBC Radio’s flagship news programme for its first show of 2016.Baroness [Jane] Campbell (pictured) has been chosen as one of six guest editors who will each take over the Today programme on Radio Four for one day between 28 December and 2 January.For her slot on New Year’s Day, the BBC has said she will examine reform of the House of Lords by asking a new SNP MP to “find out whether working peers can justify their existence”, while also going “head-to-head with Times columnist Matthew Parris on the right to die”.In its announcement of her guest slot, the BBC referred to Baroness Campbell’s background of activism, which helped lead to the Disability Discrimination Act 20 years ago.But Baroness Campbell is also a patron of the National Disability Arts Collection and Archive, and was a co-founder of the National Centre for Independent Living, and has campaigned on independent living issues for most of her adult life, so there are hopes that these subjects could also be aired in the programme.Baroness Campbell told Disability News Service that being a Today guest editor was “a huge privilege and one that carries great responsibility because choosing five or six features, when I have so much to say about the world, was much harder than choosing my Desert Island discs”.She said she could not comment on what issues she had chosen to cover, apart from the two mentioned by the BBC, but added: “I hope listeners (whoever is awake at that time, besides our Labrador, at 6am on New Year’s Day) will appreciate the mix.”Parris has already been interviewed by Baroness Campbell for the 1 January programme about his views, originally expressed in a column in The Spectator, in which he put forward the “Darwinian” argument that “tribes that handicap themselves will not prosper”.He argued in the column in September that “as medical science advances, the cost of prolonging human life way past human usefulness will impose an ever heavier burden on the community for an ever longer proportion of its members’ lives”, and that eventually it will be thought “selfish” to “want to carry on” when life is “fruitless”.Parris wrote about his interview with Baroness Campbell in his Times column this week, admitting that when she asked him if “people like me should be exterminated” his defence was that “we can’t all be in the House of Lords and have vastly expensive help and technology to sustain us”.Other guest editors chosen for the week are cyclist Sir Bradley Wiggins; architect David Adjaye; Lord [John] Browne, former chief executive of BP; actor Michael Sheen; and lawyer Miriam González Durántez.