You are showing utter disregard for livelihood of players: TNCA to CoA

first_imgNew Delhi, Jul 6 (PTI) The Tamil Nadu Cricket Association (TNCA) today came up with a strong riposte to the Committee of Administrators’ (CoA) threat of de-recognising the Tamil Nadu Premier League and slammed the Vinod Rai-led panel for “showing utter disregard for livelihood of players”. The CoA yesterday issued an advisory in which it warned TNCA from allowing players from other states to take part in the TNPL starting July 11, stating that it violates article 28 (b) of the existing constitution. The TNCA, after its meeting today, sent a strongly-worded letter written by their joint secretary RI Palani. “We had informed the acting president and the acting secretary of the BCCI about TNPL. Why is the CoA unnecessarily interfering, only they know. TNPL is being organised for three years now,” a TNCA official told PTI on conditions of anonymity. The rules for the Inter-State T20 leagues were passed on July 3 and TNCA’s draft for outstation players was scheduled on July 4. Many believe that if the CoA had right intentions, it would have actually given enough time to TNCA to withdraw the draft process. Instead, the committee chose to wait till the TNCA completed its draft process and then fired a salvo, threatening to disband the tournament. However, it is not known whether the CoA had kept Star Sports, who are the official broadcasters for the event in the loop. Star also holds the rights for India’s international games at home. The letter sent by Palani makes it clear that the TNCA is in no mood to bow down to the CoA’s diktat.advertisement Palani, in fact, made a valid point about how the likes of Unmukt Chand, Sheldon Jackson would be able to earn a livelihood. These are not sought-after players in the Indian Premier League. “The advisory exhibit a complete and utter disregard of the interests of players who would be deprived of an opportunity to earn a living and would perhaps lose a valuable opportunity to showcase their talents to the world, Palani wrote in his letter. The TNCA joint secretary also said that never has there been a precedence of seeking permission for a state level tournament. Having an outstation player to take part in various club leagues with the go-ahead from his home state, too, has never been an issue. “The regulations of the BCCI provide that members of BCCI are not required to seek approval for conducting tournaments within its territorial jurisdiction unless the tournament involves players from outside such jurisdiction.” “We have indicated several instances, in our earlier letters, of players representing one member for BCCI Tournaments and the same players participating in tournaments organized by other members provided that the members inter se had no objection. BCCI’s approval was never required or sought in any of those instances.” Desperate to not get caught in the crossfire between the CoA and TNCA, it will be interesting to see what the respective players and their state associations do in the coming days. PTI KHS KHS AHAHlast_img read more

Sportscover Makes it Two Wins in a Row at the Insurance Awards

first_imgChief Executive Officer of Sportscover, Chris Nash, accepted the award at the function held at the Sydney Exhibition and Conference Centre.“We are extremely proud to have won this award for the second year in succession. It means a great deal to us to be recognised by our industry through this accolade. This is a tribute to our staff for their continued hard work, and to our broker network and clients for their tremendous support in helping us attain this great achievement,” Nash said. Sportscover was up against some strong competition for the award, with the other finalists being Brooklyn Underwriting Global Transport and Automotive Insurance.Touch Football Australia congratulates Sportscover on the award.last_img read more

4 days agoReal Betis coach Rubi urges calm: We’ll move forward

first_imgAbout the authorPaul VegasShare the loveHave your say Real Betis coach Rubi urges calm: We’ll move forwardby Paul Vegas4 days agoSend to a friendShare the loveReal Betis coach Rubi has urged calm after defeat to Real Sociedad.While admitting he was worried, Rubi dismissed talk of relegation.“Everything worries me, I don’t want to see Betis where it is now, I don’t want to see Betis suffering but I am convinced that we will finish in a good position and we will pass 50 points,” he said. “You can remind me when the season is over.”Rubi added: “My personal situation does not worry me, I am convinced that we will move forward.” last_img read more

Primary-School Students Present Gifts to Centenarian

first_img Meanwhile, Mrs. Miller Wisdom told JIS News that the outreach programme, which has been a feature of the school for many years, falls within its strategic plans. Story Highlights Students and teachers of the Rose Hall-based John Rollins Success Primary School, accompanied by their principal, Yvonne Miller Wisdom, wrapped up their 2017 Christmas outreach programme on December 18.Their final stop took them to Barrett Town, to the home of 100-year-old Merinda Bryan, where they presented the centenarian, who is fondly called ‘Miss Mim’, with several gifts, including a new remote-controlled electric fan.Only several days before, they had visited basic and infant schools and homes of the sick and the elderly in other neighbouring communities of Zion, Spot Valley, Cornwall, Palmyra, Lilliput and Barrett Town to spread the Christmas cheer.Miss Mim, who was born on December 6, 1917, is the mother of six children, 16 grandchildren, 26 great-grandchildren and 10 great-great-grandchildren.She said she was happy to receive the gifts, which came less than two weeks following her birthday celebrations.A member of the Seventh-day Adventist Church, Miss Mim said in her youthful days she worked at the Tryall Estate in Hanover as a farmhand, and later became a shopkeeper.Meanwhile, Mrs. Miller Wisdom told JIS News that the outreach programme, which has been a feature of the school for many years, falls within its strategic plans.She said the Christmas outreach programme was among several other similar activities that the school undertakes each year, and which are driven by a community outreach coordinator and a committee.She noted that the 932 students at her institution are organised into clubs and societies, and each of the groupings is required to undertake fundraising activities, as well as source donations of food, toys and other items, which are taken to the school during its official barrel drive at Christmas to be sorted and packaged into individual presents.There are eight clubs and societies in operation at the John Rollins Success Primary School – the Red Cross, Brownies, K-Kids, Culture, Science Club, Cub Scout, Environmental Club and the Bible Club.“As part of our school-improvement plan, one of the objectives is to participate in community outreach. And so, we believe that the students are supposed to be exposed as much as is possible, not just to focus on the academics, because to get a job in the future, they need to be able to relate to others. Coming out into the community and reaching out to others, that is just one aspect… so at this stage, we have to train them,” Mrs. Miller Wisdom said.Eleven-year-old sixth-grader and President of the K-Kids Club, Elizabeth Minors, told JIS News that she was very pleased that her club, which is a junior arm of Kiwanis International, was able to contribute to the activities, especially the visit to Miss Mim.“It is a privilege to come and be able celebrate the hundredth birthday with a centenarian, and I hope that God blesses her and allows her to see many more days,” she said.Coordinator for the outreach programme at the school, Margaret Harwood Farquharson, said the students at the institution are always eager to participate in humanitarian activities, which became a major part of the institution as far back as 2006.“Our school was officially opened in 2004, and we saw the need to impact our community, so, as a result of that, we coordinated the activity and got the teachers involved,” she explained.“I think it is very important to get the students involved in outreach, because it gives them the opportunity to share with others. So, when they grow up, they will be able to socialise better, and when they see a need, they will be able to assist,” she added. Students and teachers of the Rose Hall-based John Rollins Success Primary School, accompanied by their principal, Yvonne Miller Wisdom, wrapped up their 2017 Christmas outreach programme on December 18. Their final stop took them to Barrett Town, to the home of 100-year-old Merinda Bryan, where they presented the centenarian, who is fondly called ‘Miss Mim’, with several gifts, including a new remote-controlled electric fan. last_img read more

No winning ticket for Saturday nights 12 million Lotto 649 jackpot

first_imgTORONTO — There was no winning ticket for the $12.5 million jackpot in Saturday night’s Lotto 649 draw.However, the guaranteed $1 million prize was claimed by a ticket holder in Ontario.The jackpot for the next Lotto 649 draw on May 15 will be approximately $15 million.The Canadian Presslast_img

Ontario retailers acting rationally to minimum wage hike CoucheTard CEO

first_imgMONTREAL – Most Ontario retailers are acting rationally in response to January’s large increase in the minimum wage and not cutting hours of operations, the CEO of Alimentation Couche-Tard Inc. said Tuesday.“Maybe it’s a bit early to call it, but we think economics are prevailing and that these costs are being covered by increased sales and margins in Ontario,” Brian Hannasch said during its quarterly conference call.Even though the nearly 21 per cent increase in the province’s minimum wage was the largest he’s seen in his career, Hannasch said the company is working on strategies to offset those costs and remain competitive.The Ontario government’s decision to boost its minimum wage to $14 per hour this year and to $15 in 2019 has been criticized by business groups that claim it will force employers to hire less and increase automation.Couche-Tard’s shares sustained the largest decrease in at least two years after the convenience store operator widely missed analysts earnings expectations as its third-quarter results were hurt by lower U.S. fuel profits and the lingering impact from last fall’s hurricane Harvey.The shares closed down 6.45 per cent to C$59.60 in Tuesday trading on the Toronto Stock Exchange. That exceeds the 6.02 per cent decrease in February 2016.The Quebec-based convenience store retailer, which keeps its books in U.S. dollars, said its net earnings attributable to shareholders surged about 62 per cent to $463.9 million as acquisitions and a $182.2 million net tax benefit from the U.S. corporate tax cut offset challenges in the quarter.That equalled 82 cents per diluted share, compared with 50 cents per share or $287 million a year earlier.Excluding the tax benefit and other one-time items, its adjusted profit increased marginally to $304 million or 54 cents per share.Revenue for the 16-week period ended Feb. 4 totalled $15.79 billion, up from $11.42 billion.Analysts on average had expected a profit of 74 cents per share and revenue of nearly $15.63 billion, according to Thomson Reuters.Hannasch said its network in Europe, Canada and the acquired CST Brands sites experienced improving trends from higher same-store fuel volumes, merchandise revenues and in-store gross margins.But the U.S. fuel margin decreased 17 per cent to 15.66 cents per gallon driven mainly by the volatility from a rapid rise in crude oil prices particularly in Arizona and Texas.“So we view that as an anomaly,” he told analysts.“Could it recur? Yes. But over longer periods of time we think we’ve got a very competitive cost structure in the southwest part of the United States and that will fare well for us over longer periods of time.”Same-site fuel volumes declined 0.4 per cent in the U.S. as Texas was impacted by stores still recovering from hurricane Harvey. Increased pre-tax expenses caused by hurricanes totalled $1.8 million.Derek Dley of Canaccord Genuity attributed 17 of the 19 cents per share earnings miss in the quarter to softer-than-expected fuel margins.He estimates that the decrease in the 2019 U.S. corporate tax rate to between 17 and 19 per cent could add four- to eight-cents per share to its full-year EPS estimate.While tepid U.S. gas volumes and margins were the biggest surprise in the quarter, Irene Nattel of RBC Capital Markets remains positive about Couche-Tard, “particularly given the tailwind of recently closed CST and Holiday Stationstores acquisitions.”The company said it has converted more than 2,500 stores in North America and more than 1,450 in Europe to its new Circle K brand. It has started to convert the Mac’s brand in Canada. The brand will be featured everywhere except Quebec, where the Couche-Tard name will remain.Alimentation Couche-Tard has 12,750 stores and 15,970 locations, including those licensed under the Circle K brand and those that are part of last year’s merger with wholesale fuels distributor CrossAmerica Partners LP.Follow @RossMarowits on Twitter.Companies in this story: (TSX:ATD.B)last_img read more

Tommy Lakes fire grows to over 19500 hectares forces evacuation of 78

first_imgA map of the Tommy Lakes Fire perimeter. Photo by BC Wildfire ServiceMacAuley explained crews did notice some increased fire activity yesterday that was caused by the high winds meaning that the fire is likely larger than currently reported, though officials won’t have an updated number until after surveys are conducted later today. She said that air tankers were able to complete part of their mission in limiting the fire’s growth along the southeast flank, but had to be grounded as a precautionary measure after just a few hours because of heavy smoke. A Conair Aerial Firefighting Avro RJ85 air tanker at the North Peace Airport. Photo by Chris NewtonAn area restriction remains in effect for the area surrounding the fire. The area restriction has been put in place to address public-safety concerns arising from the wildfire’s rate of spread and to avoid interference with fire control. The restriction will remain in place until noon on July 31st, or until the order is rescinded.Under this order and Section 11(2) of the Wildfire Act, a person must not remain in or enter the Tommy Lakes wildfire restricted area without prior written authorization of an official, designated for the purposes of the Wildfire Act, unless the person enters the area under the following circumstances only: FORT ST. JOHN, B.C. — The BC Wildfire Service says that the Tommy Lakes Fire continues to burn north of Fort St. John and has now grown to over 19,000 hectares, forcing 78 area residents from their homes.Fire Information Officer Rosalie MacAuley said that after conducting an aerial survey yesterday, the Wildfire Service now estimates the size of the conflagration at 19,540 hectares, and the fire is zero percent contained. She said that the personnel battling the blaze had their ranks bolstered since Monday, bringing the total of firefighters at the scene to 133, with two additional helicopters and pieces of heavy equipment. The total of both helicopters and heavy machinery pieces is now nine each.“On the east side of the Beatton Road, crews are working to build and reinforce guard along the fire perimeter to prevent the fire from crossing the Beatton road,” said an update on the Wildfire Service website. “Crews are also working on a fireline south on the Tommy Lakes Road. Additional crews are continuing with blackline and mop-up operations along the South Nig connector. Sprinklers are installed on the bridge at the 56km mark on the Tommy Lakes Road.” travelling to or from his or her principal residence that is not under an evacuation order;using a highway as defined in the Transportation Act;travelling to or from an industrial activity or business location;travelling through or entering the area as a person acting in an official capacity; orthrough or entering the area for an approved purpose of supporting wildfire suppression activities. A map of the evacuation order near the Tommy Lakes Fire. Photo by BC Wildfire Service. A map of the evacuation order near the Tommy Lakes Fire. Photo by BC Wildfire Service. An evacuation order has also been issued by the Peace River Regional District due to the immediate danger posed by the fire. The PRRD’s Deputy CAO Shawn Dahlen said that in total, 78 evacuees have registered at the Emergency Evacuation Centre at the North Peace Arena.last_img read more

High levels of bacteria found in raw meat dog foods

first_imgFeeding your pooch with raw meat could pose potential health risks as they contain high levels of bacteria, researchers have warned. A study by researchers from the University of Agricultural Sciences in Sweden showed that many raw meat products contain enterobacteriaceae species, which are indicators of faecal contamination and hygiene standards. Such food products can also cause health risks to people, particularly infants, elderly and those with poor immunity, the study said. Also Read – An income drop can harm brainA raw meat-based diet has become increasingly popular with dogs in recent years because it is seen as a “healthier natural alternative” to the widely available commercial products. But unlike commercial feeds, raw meat products are not heat treated or freeze dried to pasteurise, the research team added. For the study, published in the journal Vet Record, researchers took samples from 60 packs of raw meat samples that were analysed for bacteria, including enterobacteriaceae species – clostridium perfringens, salmonella and campylobacter. Nearly 31 samples (52 per cent) contained bacteria levels that exceeded the 5,000 bacteria per gram maximum threshold set by the European Union regulations, said the study. Escherichia coli was found in about a third of the samples. Clostridium perfringens, another marker of faecal contamination and hygiene standards, was found in 18 samples (30 per cent).last_img read more

Egypt TVsuspends controversial satirists show

first_imgCAIRO – Controversial Egyptian satirist Bassem Youssef’s host television channel suspended his programme on Friday, a week after he returned from a four-month break and fired barbs at the country’s military.Youssef, known as “Egypt’s Jon Stewart” after modelling his Al-Bernameg (The Programme) on the US comedian’s popular satirical news programme, had already run afoul of Islamist president Mohamed Morsi, who was ousted by themilitary in July.On Friday, the CBC channel that airs Youssef’s show pulled the plug. “The channel has decided to suspend Al-Bernameg. The CBC board confirmed that today’s episode indicated that the producers and presenter insisted on violating the editorial policy of the channel,” the network said in a statement read out by a presenter.It did not elaborate on how the editorial policy had been violated, but said the show would remain suspended “until the technical and commercial problems are solved.”In last week’s episode — the first since Morsi’s ouster — Youssef did not spare the military, provoking fury from some spectators.He mocked the media coverage of the overthrow, particularly exaggerated claims about the number of demonstrators who took to the streets on June 30 — to call for the Islamist government’s resignation.The ex-heart surgeon even mocked the country’s new military-installed interim government, in which Adly Mansour is president but army chief General Abdel Fattah al-Sisi is widely seen as calling the shots.Sisi is leading the popularity charts in Egypt since the ouster of Morsi, with the general’s posters displayed across the country.last_img read more

WWE news Former Champion set to return big blow for Vince McMahon

first_imgMultiple time champion and WWE Legend Road Dogg, who had left the company, after a tiff with Vince McMahon, is reportedly all set to make a return to the fold. Apparently, he fell out with McMahon after his creative plans could never see the light of the day. He currently is part of the WWE creative team and is also the head of the creative team for SmackDown Live.There were several reports that Road Dogg Jesse James could well have walked out for good, but then reports surfaced that it could well be a long vacation and the recent developments only solidify the theories. It should be mentioned here that James was inducted into the WWE Hall of Fame 2019 as part of Degeneration-X. The week did not quite end well for him as he had to quit WWE just a few days later.Too much pressure being imposed A picture of Vince McMahon.WWE Website”Road Dogg has made the decision to step down as creative head of SmackDown Live. The report went on to state that various sources cited frustrations with booking the product alongside Vince McMahon and that this week’s SmackDown Live in Brooklyn, New York was where he reached “breaking point,” a reported in WON stated.As per a report in the Observer, Road Dogg was absent for a few days as he was not very happy with the amount of pressure which was heaped on him from multiple quarters but is now planning a return and he could well resume his work under Triple H when he does return. What this clearly shows that multiple creative writers are not too happy with McMahon at the helm as they believe their creative freedom keeps getting clipped and hence, would rather prefer working under Triple H. Triple HBryan Steffy/Getty Images for WWEHis return to the fold is a welcome development but now WWE needs to take a call and ensure that the discontent brewing within the company is taken care of and the writers are given enough freedom and their suggestions are taken into account and not brushed under the carpet. “It’s such a toxic atmosphere and it’s all because of one person,” one writer said in one of the interviews.The fan wrote, “@VinceMcMahon maybe the problem with the Raw and SmackDown ratings isn’t due to wrestlers injured, it’s that you put confusing and pointless storylines. Although it wouldn’t hurt if you gave your wrestlers insurance. Just a thought @StephMcMahon @TripleH @WWE.”last_img read more

Bigg Boss 13 Not Rs 403 crore but Salman Khan to charge

first_imgSalman Khan to host Bigg Boss 13.ColorsEver since the twelveth season of Bigg Boss ended, speculations surrounding Salman Khan’s Bigg Boss 13 have been making news. Besides the probable list of contestants, it was reported that the Dabangg star was charging a whopping amount of over Rs 400 crore for the entire edition. It was also said that Salman may produce the controversial show just like The Kapil Sharma Show and Nach Baliye 9.However, a source from the team revealed to PinkVilla.com that the figures are completely wrong. The informer revealed, “The season will extend for the usual 105 days, which means 15 weeks. Last year, he charged Rs 11 crore per day of shoot. He shoots both the weekend special episodes in a day and so, in 2018 he minted Rs 165 crore from the whole season. BB 13 will be a notch higher. He has hiked his fee and will get Rs 13 crore per week, which means Rs 6.5 crore per episode. That also means that he will in fact be earning close to Rs 200 crore (Rs 195 crore exactly) this time and not 400 crore as being reported.”Meanwhile, International Business Times, India, has exclusively revealed the names of the celebrity contestants, who have been approached for the show, and have also agreed to be a part of Bigg Boss 13. As many as 23 people, including some well-known celebs including CID fame Dayanand Shetty, Bollywood comedian-actor Rajpal Yadav, TV actresses Meghana Malik, Devoleena Bhattacharya have been shortlisted for the controversial show. Although some of the celebrities mentioned in the list denied being approached or being part of the show, it is apparently because they are not allowed to announce their participation as per their contract. “Zareen Khan recently tweeted saying that she is not joining Bigg Boss 13, but actually she will be a part of it. She had to deny the rumours as BB makers do not want the names to be out so soon,” the source said.Bigg Boss 13 is expected to go on air from September 29 onwards. Dayanand Shetty; Meghna Malikinstagramlast_img read more

Man Utd sink Arsenal to make topfour return

first_imgRooney’s strike added to a comedy own-goal by Kieran Gibbs that saw the left-back deflect Antonio Valencia’s cross into his own net after a mix-up with goalkeeper Wojciech Szczesny, who was injured in the process. Olivier Giroud, on as a second-half substitute, replied deep into stoppage time for Arsenal, but United held on to record a first competitive away win since April 5. The victory took Louis van Gaal’s side back into the Champions League places, 13 points behind leaders Chelsea. Also Read – Khel Ratna for Deepa and Bajrang, Arjuna for JadejaArsenal manager Arsene Wenger was left to rue an afternoon of wasted opportunities and inspired goalkeeping by United’s David de Gea, as well as injuries to Szczesny and Jack Wilshere.Arsenal produced a lightning start at the Emirates and should have been out of sight in th e first quarter of the match. Ex-United striker Danny Welbeck was presented with a sight of goal after Alex Oxlade-Chamberlain had been allowed to run in-field, but he was denied by Paddy McNair.United took the lead in the 56th minute in comical fashion. Szczesny clattered Gibbs as he came for Young’s deep cross and when Valencia smashed the rebound back into the area, Arsenal’s left-back diverted the ball into his own net. Arsenal pushed for a leveller, but they were undone on the counter-attack as Di Maria supplied Rooney, who raced clear and chipped the ball over Martinez in the second half.last_img read more

Screening of The Accidental Prime Minister cancelled in Kolkata

first_imgKolkata: The screening of “The Accidental Prime Minister” was on Friday cancelled at a Kolkata theatre due to security reasons amid protest demonstrations by youth Congress activists, police said. The film, directed by Vijay Ratnakar Gutte, released on Friday. It is based on a book with the same title written by Sanjaya Baru, who was media advisor to Manmohan Singh when he was Prime Minister. Baru’s book was published on April 20, 2014. Also Read – 3 injured, flight, train services hit as rains lash BengalActor Anupam Kher portrays the role of Singh while Akshaye Khanna stars as Baru. According to the viewers at the Hind Cinema near central Kolkata’s Chandni Chowk area, the show was cancelled after screening for just 10 minutes on its opening day. “The afternoon screening of ‘The Accidental Prime Minister’ has been cancelled due to security reasons. There was an agitation by a certain group outside the hall,” a senior officer of Kolkata Police said told IANS. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed However, he could not confirm whether the next shows of the film will be screened as scheduled. State youth Congress leadership claimed the content and the title of the film is derogatory towards Singh and other senior leaders of Congress and demanded that the film be banned. “The tile of the film itself is derogatory. What did the filmmaker want to imply by calling Manmohan Singh an accidental prime minister? Close to 100 activists of youth Congress in Kolkata protested in front of the theatre. It is good the screening has been stopped,” Bengal Youth Congress President Shadab Khan told IANS. Asked whether forcing to cancel the screening of a film can be termed as violation of freedom of speech, the leader said sentiments of the party workers have been hurt by the film. “The agitation was held as the sentiments of our activists were hurt. However, we are not planning any other agitations here as of now,” he added.last_img read more

This 30 Device Can Break Into Almost Any Keyless Door in Your

first_img Listen Now August 10, 2015 This story originally appeared on Engadget You probably don’t think about thieves when you unlock your car, but Samy Kamkar certainly does. The security researcher known for his droll (and scary) hacks has created a device called “Rolljam” that cracks the wireless entry systems used by car- and garage-door makers. He demonstrated it at Defcon 2015, and here’s how it works. When a victim tries to remotely open their car with a fob, they’ll notice it didn’t work the first time. The second time will be the charm, but at that point, the thief will have stolen a code they can use to open your vehicle at their leisure.Car makers came up with “rolling code” after thieves figured out how to wirelessly steal codes from early keyless devices. The system works by changing the code every time you use a fob, preventing it from being used a second time. In theory, that makes any stolen code useless to an attacker. As with many of his hacks, Kamkar’s workaround is simple yet ingenious. Rolljam blocks the remote signal from reaching the vehicle with a pair of radios, then uses a third one to record the wireless code.Naturally, the mark will try to use the fob again, and once again, Rolljam will jam the signal and steal the second code. But this time, Kamkar’s device will re-transmit the first code and unlock the car, so the victim thinks everything’s alright. Since your vehicle didn’t receive the second code, however, it can now be used by Rolljam to unlock the vehicle anytime a thief wants. If the device is placed in proximity of a car or garage, it can keep stealing and retransmitting codes, ensuring it always has a fresh, working one.Other researchers have built devices that can hack vehicle locks in a similar way, but Kamkar is the first to automate the method. His prototype worked on vehicles from Nissan, Ford, Toyota, Volkswagen and others, along with numerous brands of garage door openers. Car companies are aware of the issue, and many have switched to a new system where the codes expire quickly, defeating Kamkar’s system. But he told Wired that he released details of his attack at Defcon to force car and garage companies to upgrade older products as well. “My own car is fully susceptible to this attack. I don’t think that’s right when we know this is solvable,” he said. How Success Happens Hear from Polar Explorers, ultra marathoners, authors, artists and a range of other unique personalities to better understand the traits that make excellence possible. 3 min readlast_img read more

More engagement with trade will help boost Caribbean visits from Canada in

first_img Thursday, December 22, 2016 Posted by << Previous PostNext Post >> Travelweek Group Sharecenter_img More engagement with trade will help boost Caribbean visits from Canada in 2017: CTO Hugh Riley — Secretary General, Caribbean Tourism OrganizationBRIDGETOWN — Calling 2016 “an impressive, yet challenging year” for Caribbean tourism, the Caribbean Tourism Organization’s Secretary General Hugh Riley says strong inbound visitor figures from Europe and the U.S. helped offset a tough year from the Canadian market.Riley said the Caribbean is poised to meet its 30 million arrivals target set two years ago at its State of the Tourism Industry Conference. “Yet, amidst the year’s impressive achievements, the Canadian market was a concern,” said Riley. Traditionally a robust achiever, even during the tough global economic meltdown, Canada delivered declining numbers this year, sparked by the weakening of the Canadian dollar.“We are moving to reverse that slide, combining our efforts with those of our CTO member-countries and our industry partners,” said Riley. The CTO is looking to hire a Business Development Representative in the first quarter of 2017 “to substantially enhance the Caribbean’s engagement in Canada’s most productive areas”, identify and develop business in non-traditional areas and work closely with our members’ representatives for maximum impact, he said.More news:  Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”New travel agent training and certification, increased use of targeted social media, enhanced deployment of the CTO’s data analysis tools, and more focused engagement with the Caribbean diaspora are all components of the 2017 strategy for Canada, Riley added.While air arrivals to the Caribbean were up, key performance metrics for the region’s hotel industry recorded declined through the first half of 2016, based on data compiled by Smith Travel Research Inc. The slumps were influenced by a rise in room stock and a fall in demand for traditional hotel rooms, attributed in part to ‘the sharing economy’, e.g. Airbnb.Mother Nature challenged the Caribbean as well, with some member countries affected in varying degrees by hurricanes. “Yet despite the adversities occasioned by these events, our resilience and fortitude as a region stood out and even the worst affected were back open for business in quick time, proving that tourism is an effective way to re-energize an economy following a natural or other disaster,” said Riley.More news:  Onex paying big to get WestJet and that will send airfares soaring, says CWTThe onset of the Zika virus also presented a challenge and the CTO continues to work with its partners, the Caribbean Hotel and Tourism Association and the Caribbean Public Health Agency to address concerns raised by our suppliers and potential visitors.The CTO also continues to monitor the possible impact of the Brexit vote as the UK moves to end and its membership in the European Union.The CTO’s declaration of 2016 as ‘The Year of Romance’ in the Caribbean was a success story, with member-countries and industry partners organizing events or participating in roadshows specializing in romance, said Riley. “Our 30 Days of Caribbean Romance social media marathon reached 10.5 million people in June, while millions more were reached through the innovative Periscope Marathon and Tweet Chat featuring romantic places of the Caribbean, and our Five Romantic Facts about each member-country during Caribbean Tourism Month in November.”What’s the theme for 2017? Riley announced that next year will be the ‘Year of Adventure’ in the Caribbean. Tags: Caribbean, Caribbean Tourism Organizationlast_img read more

Travel agents are integral to our business Deals and more to celebrate

first_img Wednesday, May 3, 2017 Tags: Promotions, Travel Agent Day Share Posted by Travelweek Group center_img << Previous PostNext Post >> TORONTO — Tour operators including Transat, Air Canada Vacations, Goway and more are showing their appreciation for their retail partners with prizes and incentives in celebration of Travel Agent Day.With Transat, three travel agents will win a seven-night all inclusive vacation to one of these Karisma resorts: Azul Beach Resort The Fives Playa del Carmen, by Karisma; El Dorado Royale; and El Dorado Seaside Suites. In addition, agents will earn $30 Bonbon rewards on South, Europe and cruise packages. Three agents will earn $150 Bonbon rewards on all their bookings. For more information, consult Get Connected.Air Canada Vacations is giving away 10,000 ACV&ME points to three agents and five $250 gift cards. “Our trade partners are vital to our business, growth and success,” said George Platanitis, Vice President, Sales & Partnerships, Air Canada Vacations. “We value our partnerships and focus on celebrating and honouring agents throughout the year.”Agents can sign up for the ACV&ME loyalty program at aircanadavacations.com/agents to be automatically entered in the draw. The winners will be announced on May 31.Club Med has launched a special contest to thank its travel partners for their involvement, expertise and loyalty. From May 3 – 17 using the Club Med Check app agents are invited to test and improve their knowledge of the brand and face off against colleagues and fellow travel agents through mini-games for the chance to win a Club Med getaway. The agent who gets the highest aggregate score will win a seven-night stay for two at Club Med.“The launch of this application is a great opportunity to give life to our new signature ‘Club Med, Amazing You’, specifically to our travel partners” said Jacinda Lowry, National Sales Director, Club Med. “We want to thank them and reward their knowledge of Club Med with this contest, available through an innovative and intuitive program. We are going to amaze you!”Agents can download Club Med Check app available through the Apple Store and Google Play. Agents enter their email address and create a password, then enter the code: AGAN and start the game.Club Med also says agents can subscribe to its travel agent-dedicated website, clubmedagents.ca, as well as the Club Med Agents’ Facebook page: facebook/clubmed.english for contest details.Goway is sending coffee cards to all agents who book and deposit a Goway package May 3 -5. All agents who book in this period will also go into the draw to win a ‘Spa Day.’ One winner will be chosen.In a world of online this and “there’s an app for that”, today’s client is often lost in options, some of which are highly questionable, says Goway. That’s where the value of a travel agent lives. “Travel agents are integral to our business,” says company founder Bruce Hodge.  “We wouldn’t be where we are today without them. At Goway, we work with agents from all over North America from small home-based agencies to large consortia. The most successful agents we have seen are those who take the time to learn what their clients are really looking for, never stop learning themselves, and are truly passionate about what they do but sometimes their efforts go unrecognized.”Porter Airlines has launched a month-long contest in honour of Travel Agent Day on May 3, to recognize travel agents for their commitment to passengers and to Porter. “Travel agents represent our brand and support our passengers throughout the travel experience. They are an essential part of our success,” says Robert Deluce, president and CEO of Porter Airlines.More news:  Onex paying big to get WestJet and that will send airfares soaring, says CWTTravel agents can register their Porter and Porter Escapes bookings on flyporter.com/agent from May 3 – 31 for the chance to win prizes including one of three weekly prizes of 25,000 VIPorter loyalty points, and one of two grand prizes of a weekend getaway for two to New York or Toronto (includes Porter flights for two, hotel stay and more). Weekly winners will be randomly selected on May 10, 17 and 24. Grand prize winners will be randomly selected on June 8. Travel agents must have a valid IATA or TICO number registered with Porter Airlines or Porter Escapes.In addition to the contest, Porter is providing travel agents, along with a companion, 30% off their next Porter flight. Book May 3 – 24 for travel completed by June 28.Totalstay has a two-fold incentive for agents. All agents who make a totalstay booking May 3 – 10 will have their names entered into a draw to win a 1-night hotel stay in the Canadian destination of their choice. Also during this time, agents who find one of 150 maple leaves hidden on the totalstay.com website have a chance to win a Canadian-themed gift basket in a prize draw. Totalstay has some 165,000 hotels and 10,000 destinations. Agents can log into their account at totalstay.com to check availability and to book online, or speak to doreen.lynch@totalstay.com for more information.Now in its sixth year, Travel Agent Day has come a long way since its humble beginnings in Colleen Lorenzen’s office in Saskatoon. As the agent credited with coming up with the idea in the first place, Lorenzen, Operations Manager at Uniglobe Carefree Travel, says that Travel Agent Day was actually inspired by another group of professionals – secretaries.“One day our sales rep from Staples came in and was giving everyone a carnation for Secretary Day, and I thought if secretaries can have a day then so can we,” she says. “As a manager, we are always looking for ways to thank our staff for the great work that they do.”Before it was widely recognized as ‘Travel Agent Day’ in 2011, Lorenzen – who at the time sat on the board for the Canadian Institute of Travel Counsellors (CITC) – acknowledged the hard work of her agents each year on the first Wednesday in March by bringing in lunch, flowers and the like. Word of Lorenzen’s efforts spread to other CITC members, who all asked if they could do the same thing in their own offices. And the rest, as they say, is history.“Because I didn’t have a budget to get the word out, I started a Facebook page,” says Lorenzen, “and then at our Uniglobe Conference, I started to talk about it to suppliers and emailed them to let them know about TAD. Some of our suppliers took to the idea right away while others came onboard each year.”Today, Lorenzen’s Facebook page has close to 3,000 likes and features a steady stream of relevant industry tips and stories, exclusive agent offers, and humourous memes and videos. Open to anyone, facebook.com/TravelAgentDay is used to “promote the value of travel agents,” says Lorenzen, who also encourages agencies to post pictures of how their offices are celebrating TAD.“I think that some people don’t really know what it is that we do and it’s our job to let them know what we can do for them and why they should use us,” she adds. “Our suppliers are great and they continue to support us as they know that we’re on the frontlines selling their products.”More news:  Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”In fact, many of them take TAD beyond just one day, launching agent-exclusive offers throughout the month and, in some cases, throughout the year. TravelBrands has launched a nine-month campaign that includes a monthly draw for 100,000 Loyalty points and a grand prize of one million points. Air Canada Vacations is also celebrating agents with double the ACV&ME loyalty points on Canada and Europe bookings for the entire month of May, while The Travel Corporation will be treating some of its top agents to a celebration event on May 3.Anytime the travel industry takes notice of its frontline agents is a good thing, says Marco Pozzobon, Director, Marking, Communications and Partnerships at the Association of Canadian Travel Agencies (ACTA), especially since the Internet and OTAs are still taking a significant chunk of market share. But he says that consumers are now returning to agents, whose role in the industry remains as relevant as ever.“There may have been a brief period in recent history when most consumers believed travel agents were no longer needed. But we’ve seen that attitude starting to change,” he says. Even more, adds Pozzobon, the fact that we are living in the age of information makes travel agents more relevant than ever. “They’re able to cut through the clutter of the Internet, qualify the customer and propose customized itineraries while guaranteeing the best return on the investment.”The Internet will never go away, but there is a way for agents to co-exist with it and carve out their own niche, says Joe Gyuro of Kelowna, a former agent, general manager and co-owner of Mission Park Travel. He envisions a “new world order” where a compromise can be reached so that agents still have a role in the marketplace. “Maybe no longer doing simple transactions, point to point,” he notes, “but evolving into true professionals who can handle complex arrangements.”Gyuro says that as fewer agents will be needed, their expertise will have to be of a higher standard. This involves recognizing where they are the strongest and doing their best to gain that market share.“This could be complex international travel, adventure travel, special experiences travel, group travel or special needs travel. They must make contacts with similar parties around the world and use those contacts to make their travel arrangements unique and memorable. That will lead to repeat business and world of mouth acclaim,” he adds.The travel industry will continue to change, as Gyuro has seen throughout his illustrious 40-year career. “However, as the public sees how complex their arrangements can be, there will always be a segment who sees the value in guidance. There will always be a core group who would rather have an expert do what needs to be done than do it themselves.”And as long as there are travel agents there will always be Travel Agent Day, if Lorenzen has her way. She hopes to see TAD evolve to the point where it becomes part of the yearly calendar (“like Mother’s Day”), which would be the ultimate acknowledgement of a profession that many still believe is becoming obsolete.“The job is much harder than it used to be as we need to know more and stay on top of things that are happening around the world,” she says. “But travel agents will always adapt and continue to get better in this fast moving industry.” “Travel agents are integral to our business”: Deals and more to celebrate Travel Agent Daylast_img read more

The German competition regulator the Bundeskartel

first_imgThe German competition regulator, the Bundeskartellamt, has said it has concerns about Liberty Global’s pending acquisition of cable operator Kabel BW, which would give it control of two of Germany’s main players in the cable market.The Bundeskartellamt will reveal its final decision on December 15. However, the regulator has said that it has concerns over concentration of ownership in the cable market, with Liberty Global adding Baden-Württemberg operator Kabel BW to Unitymedia, the North Rhine-Westphalia and Hesse operator that it already owns, and Kabel Deutschland being the major network operator in other German regions.Liberty Global said it would offer to provide full unencrypted digital free-to-air TV services in Unitymedia’s territories and continue to offer the same in Kabel BW’s zone of coverage to meet the regulator’s concerns.last_img read more

One Month Ago

first_imgOne Month Ago Silver34.6928.9240.25 The #1 Reason Inflation Will WinJeff Clark: I was struck at our summit by how many speakers have come to the same basic conclusions we have – that there’s really no way out of the US debt hole. That has a lot of implications, but first, in your view, how bad is it?Terry Coxon: It isn’t so bad that you should think of it as the end of the world, but there is a lot of trouble stored up, and I think “no way out” describes the situation accurately. Most of our economic trouble has been built up by government actions to solve past problems, and what they’ve done is to buy time and provide painkillers, but in doing so they’ve made the problems even worse.Jeff: Why, specifically, is there no way out?Terry: Let’s start with the Federal Reserve and the money supply. In response to the collapse of the housing bubble and most financial markets in 2008-2009, the Federal Reserve began printing like crazy. The monetary base more than doubled, and the M1 money supply at this point has risen a little over 60%. The reason we haven’t seen rapid price inflation is that people are still squirreling away dollars because they’re still very worried about the prospects for the economy. But that’ not the end of the story. The Federal Reserve will keep printing – as everyone knows by now, Mr. Bernanke has pledged allegiance to the printing press and assured the markets that the printing isn’t over and won’t be over until the economy revives.Sooner or later, the Federal Reserve will have created so much cash that many people – maybe most people – will be glutted with dollars, and buying anything will look good compared to holding on to more dollars. At that point, the urge to buy – whether it’s capital goods or consumer goods or commodities – will revive the economy, and the recession will come to an end. That will reduce the level of caution people feel to something near normal. The result will be that all of the excess money that has been created since 2008 will come pouring out. For a little while it will look like happy days are here again – the economy will seem to be booming. But then the excess cash will set off hair-curling price inflation. And that’s just the monetary side of the problem.Now look at the budget side of the federal government. They have been operating on the old Keynesian formula of deficit spending to revive a stagnant economy. What Lord Keynes perhaps never considered was that even if that prescription worked – and there is precious little evidence that it does work – there is a limiting factor over the long run. That limiting factor is the ability of the government to service debt that gets larger and larger. The US balance sheet is already at the gateway to the danger zone. When accumulated debt exceeds annual gross domestic product (think of it as annual income for the whole country), that’s where governments start to get into trouble in the capital markets.Now the budget situation – or the debt-financing situation for the US Treasury – has been made exceptionally easy by the exceptionally low interest rates that have been engineered by the exceptionally rapid growth in the money supply. When the economy starts to revive, interest rates will go up, and then the cost to the US Treasury of rolling over its now $16 trillion in debt will become a noticeable element in the overall budget. That pushes the government closer to a debt spiral, where the rise in interest rates makes it more expensive to service debt, which means the debt accumulates even faster. At that point, doubts about the ability of the government to service the debt over the long run forces another kick up in the government’s borrowing costs. It becomes a nasty and vicious feedback cycle that is similar to what is going on now in Greece and Spain. This is a predicament the US government is just whistling about. They’ve closed their eyes to the risk.So between the built up inflationary pressure that will come roaring out when the economy revives and the constantly growing US government debt, there is no solution to the economy’s problems that is politically acceptable.Jeff: Some economists think we’ll eventually grow our way out of this. We’re still the superpower of the world and still generate a lot of GDP, so can’t growth eventually pay back all this debt?Terry: In principle, such a thing is possible, but it would require political measures that are impossible. They would have to throw out most regulation of the economy, sell off an empire of unneeded real estate, stop using soldiers, ships, and planes as pieces in a “big boys’ really big chess set,” and starting saying “no” to the many people – both rich and poor – who now live off the government.Jeff: Why aren’t more economists expressing concern or even outrage over the predicament we’re in? It seems so obvious.Terry: If you studied economics when you went to school, the economics department probably was within a short walk of the science building, where they studied physics and chemistry. That leaves people with the false impression that economics is a hard science like physics or chemistry, where there are clear, proven principles anyone can test and everyone can agree on. In fact, economics today is about where medicine was in the 17th century, when people were debating whether the blood circulates through the body or just sits there. That was the level of knowledge by the best minds of the day, and it is the level of understanding by economists today. So you shouldn’t be surprised that most economists are sure that most other economists are wrong.Jeff: So what happens – high inflation? There are some strong deflationary signals in the economy right now.Terry: Even if there are episodes of deflation, they will just inspire even faster money printing. In the contest between inflation and deflation, inflation always gets another turn until it wins.Jeff: Good point. Is inflation imminent? The CPI is still pretty low.Terry: Well, it’s never going to be imminent in the sense that today it’s not happening and next week it is happening. It’s more like a river rising. And when you see the economy start to revive, the rate of price inflation will start rising noticeably in a year or year and a half.Jeff: This has obvious investment implications.Terry: Yes. You and your family should think about how to protect yourselves, and the formula sorts out to something very simple. One, you need some gold in your financial life, and two, you don’t need any bonds in your financial life.Jeff: Yes. Anything else?Terry: Well, those are the most obvious – gold yes, bonds no. You should also keep a good holding of cash in your investment portfolio, because there probably will be one or more replays of what we saw in 2008 and 2009. And when that happens, you will be glad you have cash because you can take advantage of the bargains.Conventional stocks are a bit of a quandary. On the one hand, the equity market welcomed the restarting of the printing press. On the other hand, the equity markets, as they go up, are diverging from economic reality. So I suggest thinking of a portfolio of conventional stocks as a machine that sits in your office and churns out ten-dollar bills, but eventually is going to blow up. If you want to take the risk that you’ll know when to get out, well, at the end of the day, if you’re right and you get out in time, you will be glad that you invested in conventional stocks. If you are thinking about a portfolio that you can just put away and forget about, then conventional stocks should not be part of it.Jeff: Bernanke said the $40 billion of bond-buying every month is open ended, implying it could last awhile. Any sense for how long it goes on before the economy revives?Terry: Open-ended is an extraordinary thing to announce. The fact isn’t surprising, but I am surprised they would ‘fess up to it.The picture I have is someone sitting next to a pile of damp firewood, lighting matches and just throwing them on. Eventually those matches are going to dry out the firewood, and then you will get a big blaze; and that’s what the Federal Reserve is doing to the economy right now. The difficulty is that if you’re in charge of printing all the new dollars, you won’t know that you’ve printed enough until you’ve printed way too much.Jeff: That implies gold and silver prices have a long way to go yet.Terry: Yes, I certainly believe so.Jeff: What kind of price levels do you expect?Terry: The only reasonable thing that I can say is, a lot higher. The reason that it doesn’t do much good to put a number on it is that we don’t know how long rapid rates of inflation will run.Jeff: What about gold stocks? If you’re lukewarm on the stock market, can gold stocks still do well?Terry: The basic answer is, if you want to own stocks right now, don’t own red stocks, don’t own blue stocks, own gold stocks.Jeff: Silver is considered a monetary metal, too, but is there a scenario under which gold does well but silver does poorly?Terry: Yes: runaway inflation and a very sick economy that is not consuming a lot of silver. That could leave silver behind, but it would have to be a very ugly economic situation.Jeff: But wouldn’t the Fed just print more money and make silver as attractive as gold?Terry: Not necessarily. The demand for gold is financial demand, period. Silver is a different story altogether. It is partly financial demand and partly industrial consumption.Jeff: What odds do you give for something like that happening?Terry: I don’t expect that to happen. If it happens at all, it’s years away.Jeff: So the bottom line to all this is, make sure you own enough gold.Terry: That’s exactly right.Gold and Silver HEADLINESMining Investment to Grow Ever More Complex and Costly, Industry Leaders Fear (Mineweb)Baker & McKenzie surveyed more than 300 senior mining industry leaders across six mining jurisdictions – Australia, Brazil, Canada, China, Indonesia, and South Africa. The key themes in the study were the complexity of the legal and regulatory environment, political stability, resource nationalism, access to infrastructure, and skilled labor. A common thought expressed by the majority of the respondents across these jurisdictions is that “investing in mining is becoming more difficult and less certain,” and they believe that mining sector investment will continue to be more complicated.This research confirms what other mining industry surveys report. Resource nationalism, named the #1 threat for mining, is expected by the majority of respondents (78%) to increase over the next 20 years. That’s why it is so important to understand investor friendliness of any given jurisdiction. And navigating the political landscapes is exactly what we do in International Speculator and BIG GOLD.Silver ETF Holdings Nearing Record Levels (Silver Institute)The Silver Institute reports that silver ETF holdings have totaled more than 608 million ounces with a value of US$20.5 billion through September 15. Investors have added more than 32 million ounces to their silver ETF accounts so far this year. Investor demand was one of the most important factors cited in silver’s recent price rise.“Investors and analysts are bullish on expectations that additional central banks will do more to attempt to stimulate economies in order to increase consumption and spur employment, leading to even greater investor attention on the 4,000 year allure of silver as a safe haven and a store of value,” said Michael DiRienzo, Executive Director of the Silver Institute.We agree that investor interest for silver will drive the price higher. TSX (Toronto Stock Exchange)12,383.6012,116.9211,955.01 Gold1,784.501,639.501,793.00 Copper3.773.463.75 Oil91.8796.6885.92 Silver Stocks (SIL)25.2620.5626.29center_img TSX Venture1,345.721,239.321,703.78 One Year Ago Rock & Stock StatsLast Dear Reader,Economist Terry Coxon and BIG GOLD Editor Jeff Clark had some interesting discussions during the recent Casey Research Summit on Navigating the Politicized Economy. They noticed a near-consensus among the speakers that there’s no way out for the over-indebted US government – or the Eurozone for that matter – which has consequences for all participants in the global economy. Below, you can read why Terry (and others) are convinced there’s no way out, why he’s convinced the problem will end in inflation, and what the investment implications are for gold and silver.How do we profit from that? Even as you receive today’s Daily Dispatch, Jeff and I will be flying down to Mexico to look at a silver mine one of our companies recently acquired. Due diligence: pick right and sit tight. That’s how we do it – and you can too.If you want to learn more about the Casey Research process or pick our brains in some other way, please consider joining Doug Casey, our Chief Energy Investment Strategist Marin Katusa, and myself next month in New Orleans. We’ll all be speaking at the New Orleans 2012 Investment Conference, which will be held October 24-27. You won’t want to miss Doug’s debate against James Carville and Charles Krauthammer – it’s sure to be a memorable event. The markets are getting really interesting, so you’ll be sure to learn a lot.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research Gold Producers (GDX)54.8146.3864.28 Gold Junior Stocks (GDXJ)25.4621.4635.10last_img read more

In This Issue   Gold Commodities plunge even f

first_imgIn This Issue.*  Gold & Commodities plunge even further. *  Currencies join in with stocks and commodities. *  RBA talks about low inflation. *  U.S. data cupboard returns.And, Now, Today’s Pfennig For Your Thoughts!Will The Healing Last?Good day.  And a Tom Terrific Tuesday to you! What a horrific scene in Boston at the Boston Marathon Finish Line yesterday. On Patriot’s Day in Boston, someone or some group planted bombs near the finish line and set them off yesterday as thousands of participants attempted to finish and spectators watched. Here’s what I know at this point: The White House says the explosion will be handled as an act of terror. Three people have lost their lives and over 100 are injured with at least 8 in a critical condition. So far, no group has come forward to take responsibility for the attack.So, it’s with sadness that I begin today’s letter. I have to think that we as a country have been pretty lucky that we don’t experience this type of stuff like they do in the U.K. So, let’s keep the people in Boston in our thoughts, and move on to the markets.Well. Yesterday, I told you about how Gold was down $80 in the morning. Then as the morning went along, it seemed some healing was happening and Gold began to bounce, but that bounce had little to the ounce and soon Gold was back on the slippery slope as I left the office for the day. The Gold to stocks trade, didn’t carry through as even U.S. stocks got taken to the woodshed yesterday, It was all about buying Treasuries, as the 10-year Treasury yield fell to 1.67% (remember for bonds yield and price move in opposite directions, so as the yield falls, the price goes up)There are more thoughts out on the street about why Gold is falling like a rock from the sky, but I think I’ll stick with my theory that the “boys” on Wall Street are behind all this, and probably with the blessings, wink and nod from the Gov’t. they saw an opening to drive the price down, and they did. And will continue to do so, until they feel that Elvis has left the building. (masses have panicked and sold). That’s my story and I’m sticking to it!Long time readers know that I have quoted my friend, Bill Bonner, many times over the years, and so in this time of crazy theories about what’s going on, I turn to Bill to see what he thinks. By the way, one of the theories out there, plays well with my conspiracy tendencies.  It goes like this. The Big Boys in concert with the U.S. Gov’t are driving the price of Gold lower, so that the U.S. can buy it cheaper, and therefore have the Gold to deliver to Germany.  Hey. I’ve heard of crazier things that turned out to be fact!  OK.. any way. here’s a snippet of what Bill Bonner had to say about the Gold selling that the NY Times reported on yesterday.NY Times- “So Wall Street is growing increasingly bearish on gold, and investment that banks and others had deftly marketed to the masses only a few years ago.”Bill Bonner’s response – “Ha-ha. Do you remember Wall Street deftly marketing gold to the masses a few years ago? Show us the ads! Give us the broker’s phone logs! Prove it! The fact is, the masses never got anywhere near gold. Not even close. Most people have never seen a gold coin.. Which is why we’re nowhere near a top. Wall Street never marketed gold deftly.. or any other way. Not even in its usual greedy, heavy-handed fashion. And the masses never bought it. Just the opposite. Yes, dear reader, we hope Goldman and SocGen are right. We’d like to see gold crash down around $1,300… or lower. First, because this would mark a real correction in the bull market. It’s been going on for 12 years without a serious correction. Not a healthy situation. We’d like to get the correction out of the way… shaking out the Johnnies-come-lately and the two-bit speculators. Then, the final stage in the bull market could begin.”I usually get the ship righted after reading Bill’s thoughts. Any way.This selling has been a paper event. Yes, an ETF liquidation, and that’s what leads me to believe that when the paper selling is over, the physical demand which has remained strong all during the 20% drop in Gold’s price since reaching a high of $1,921 a couple of years ago, will take over, and a slow grinding recovery will take place. When will that happen? I don’t know. Better asked of the “boys” who are doing the paper selling.OK. So, yesterday, the Commodities and Commodity Currencies were the assets on the chopping blocks, the rest of the currencies held their own. Well, the selling of the Commodities and Commodity Currencies became too much to bear, and eventually the selling spilled over to the rest of the currencies. The thing I found to be surprising though was the selloff in U.S. stocks yesterday. That was not something I expected during this sell Gold and risk assets timetable.But that was yesterday. But it’s not the end of the world, just a slight change of plans. This morning, I’m seeing some healing once again, with Gold  up $35, the euro back to 1.31, and the Aussie dollar (A$) up 1/2-cent.  Yesterday, I said something about the A$ that I was shocked that thousands of readers didn’t throw right back in my face. I said that the A$ was down $1. YIKES! That should have been 1-cent!  Thanks for not spanking me with that faux-pas!The A$ move higher is curious, given the Reserve Bank of Australia (RBA) meeting minutes that printed last night, in which the RBA talked about how the lower inflation gives them room to cut rates, and then made a statement about how the A$ had remained “high”.  The markets like to get all lathered up over these meeting minutes that Central Banks print a month after the meeting took place. I find that laughable, but then, it’s the markets, it’s not as if these guys are rocket scientists! But that’s the norm in the markets, Shoot Rudy, they do the same thing with backwards looking data!It’s been some time since I talked about the German Chancellor, Angela Merkel. And that’s probably a good thing! But this morning in Germany, the Chancellor told a crowd something that I think she should be commended for. Let’s listen in. “We know that there will have to be victims from this austerity in many countries. But, I believe that in the long term we’ll have to have a growth strategy without always having to pile on debt. The piling up of debt is often made into a type of obligation to serve the principle of growth. All of that is false. It’s not sustainable in the long term.”I think that Ms Merkel had U.S. Treasury Sec Lew in mind with those comments, as it was just last week that Mr. Lew, told the Eurozone Finance Chiefs that they needed to shift toward generating economic expansion like the U.S. has done through monetary measures.  You know, we have no idea where all these monetary measures are going to take us, but I would pin my colors to the mast that calls for mass problems, and not the mast that says we’ll be just fine from all these stimulus measures.The Petrol Currencies that include: Norway, Brazil, Canada, Mexico and even the U.K. not only had to deal with the selling in the Commodity Currencies, but also the selling and the subsequent drop in price of Oil.  The WTI Oil price which is the one I quote in the currency roundup each day is below $90 (at $88) and the Brent Oil price has fallen below $100. Still a long way from the $40 oil I was promised 2 years ago.Another thing weighing on the markets is the renewed war rhetoric from N. Korea. News of N. Korea’s warning to S. Korea that a “strike will start without any notice” is not doing the risk asset any favors this morning.  But, a recovery in the risk assets, like I told you about above is going on, so maybe the markets are beginning to think of N. Korea’s warnings like the boy who cried wolf. probably not a good idea, but it is what it is.And for those of you keeping score at home, the Chinese have added another country to their roster of countries that they trade with and exchange each other’s currencies, leaving out U.S. dollars from the terms of trade. This time it’s France.  OK, the agreement hasn’t actually been signed yet, but like the other countries that were added to China’s roster, once the verbal announcement has been made, the actually signing is just a formality.  France is actually getting a leg up on the competition by doing this.  You see, Paris would love to be the offshore renminbi / yuan trading hub in Europe, beating out London. So, getting into bed with the Chinese now, might serve them better when the time comes.As I told you yesterday, the U.S. Data Cupboard has some items to yield to us today. Two of my faves. Industrial Production and Capacity Utilization, Housing Starts, and Building Permits will all print their results for March today. We’ll also see the stupid CPI reports and you can bet your sweet bippie that some Gov’t official will make certain to point out that inflation in the U.S. is still not a problem.  I do expect to see some more rot on the vine exposed, in the Industrial Production and Capacity Utilization reports. And once again, I’ll do my best Alfred E. Newman, and say, recovery? What recovery?Then There Was This. Caroline Baum, a columnist for Bloomberg News, has always been a fave read of mine.  Yesterday, she submitted this article on Japan, and the U.S. Treasury. It’s a good read, so here’s a snippet.“With a new president and central bank governor in place, Japan has finally decided to get serious. Earlier this year, Prime Minister Shinzo Abe announced a “monetary regime change” including a 2 percent inflation target. On April 4, following its regular meeting, the Bank of Japan made its “quantitative and qualitative monetary easing” official.The BOJ will double the monetary base by purchasing about 7.5 trillion yen of Japanese government bonds per month. It plans to extend the average maturity of its portfolio from three to seven years. And it will continue such actions until it achieves its inflation target.In other words, the BOJ is doing exactly what the Federal Reserve is doing.And for this it gets a warning from the U.S. Treasury “to refrain from competitive devaluation and targeting its exchange rate for competitive purposes”?Chuck again. yes. this a case of the kettle calling the pot black. I just don’t see how the U.S. can do the “do as we say, not as we do” thing, and then beat on Japan for doing what they said to do.To recap. The selling continued all through the day yesterday in Gold and then the other currencies joined in.  But that was yesterday, and today, we’re seeing some healing in the price of Gold and the currencies. The gold selloff has been an ETF, paper event, folks. not physical gold. I keep saying that.Currencies today 4/16/13. American Style: A$ $1.0374, kiwi .8490, C$ .9790, euro 1.3120, sterling 1.5310, Swiss $1.0790, . European Style: rand 9.1335, krone 5.7335, SEK 6.3875, forint 224.85, zloty 3.1365, koruna 19.7105, RUB 31.34, yen 97.85, sing 1.2355, HKD 7.7620, INR 54.14, China 6.2408, pesos 12.17, BRL 2.005, Dollar Index 82.15, Oil $88.22, 10-year 1.71%, Silver $23.52, and Gold $1,386.39That’s it for today. With all the news stations going 24/7 on the Bombing in Boston last night, I was taken back, in my mind, to 2001. The strange chills returned with each news update. At least I was able to watch my Cardinals and get my mind off that stuff for a couple of hours.  I made my presentation on our business yesterday, I guess it went OK, nobody threw darts at me! I have one more day of “stuff” to do and write in my office today, and then back out to the trade desk! So, did you get your taxes filed? I actually came out about even this year, which is always a good thing for me, but somehow, I paid a higher tax rate than the President. I’ll stop there, before I say something that gets me in trouble!  I hope you have a Tom Terrific Tuesday , and keep those folks in Boston in your thoughts.Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more