10 months ago​Everton post record revenues for second consecutive year

first_imgAbout the authorFreddie TaylorShare the loveHave your say ​Everton post record revenues for second consecutive yearby Freddie Taylor10 months agoSend to a friendShare the loveEverton are in a very healthy financial position.The club has posted record revenues for the second year in a row.With total revenues of £189 million for the year, it is a ten percent bump on the figure from last year.The major increases came from sponsorships and commercial revenue, which are up 45 percent.Chief Executive Officer Denise Barrett-Baxendale said in a statement: “For the second consecutive year the club has generated record revenue.”Gate receipts, sponsorship and other commercial income increased significantly by 45 per cent and the continued and quite magnificent support of our fans meant that season tickets reached the cap with more than 10,000 on a waiting list.”This commercial growth demonstrates our progress and we have a vision for the club that is shared on and off the pitch by our majority shareholder, chairman, our board of directors, the Everton leadership team, our director of football and manager.”Chairman Bill Kenwright added: “With Farhad continuing his outstanding commitment, Marcel and Marco driving our first team forward, Unsie continuing to develop some of the best young talent, Denise thrusting our operations ever onward and a fanbase that continues to inspire our ambition, we look forward to the next 12 months with purpose and anticipation.” last_img read more

10 months agoSteven Davis pushing to leave Southampton for Rangers return

first_imgSteven Davis pushing to leave Southampton for Rangers returnby Paul Vegas10 months agoSend to a friendShare the loveSteven Davis is set to leave Southampton for a return to Rangers.Davis is in the final six months of his contract and Steven Gerrard is keen to bring him back to Ibrox, says the Daily Mail. Gers will try to sign him for a small compensation fee this month.The 33-year-old, who has started just two times this season, is understood to be keen on the idea of returning to Ibrox to gain more regular playing time. The experienced Northern Ireland international is a firm favourite with the Rangers fans having made over 140 appearances for the club during a four-year spell between 2008-12. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

St Patricks Day Family Dinner and Dance

first_imgThere will be a Photo Booth and a DJ for the dance and other prizes to be won.Free tickets can be picked up at;-Party Town in Fort St John-The Taylor Hub in TaylorTo view the FB Event Page; CLICK HERETo view the Phoenix Volunteer Club FB Page; CLICK HERE TAYLOR, B.C. – The Phoenix Volunteer Club is hosting their 2nd Annual St. Patrick’s Day, Free Family Dinner and Dance to say thank you and give back to the community.Friday, March 8th from 5 pm – 9 pm at the Taylor Community Hall, there will be prizes for best dressed in St. Patrick’s themed outfit.Hot dogs and hamburgers will be served for dinner, with pop, water and coffee to drink.last_img read more

SRH eye play-off berth vs Bangalore

first_imgBangalore: Bottom-placed Royal Challengers Bangalore (RCB) will look to salvage pride while Sunrisers Hyderabad (SRH) will aim to seal the final play-off berth when the two sides square-off for one final time in the Indian Premier League (IPL) 2019 at the M Chinnaswamy Stadium here on Saturday. The Kane Williamson-led Hyderabad side will need to forget their disappointing Super Over loss to three-time champions Mumbai Indians and need to get their act together in their must-win game. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: RijijuOne good news for Hyderabad is that even if they lose their last game, they can still reach the playoffs if Kolkata Knight Riders (KKR) and Kings XI Punjab (KXIP) don’t win more than one of their last two matches. In the absence of their star batsmen — David Warner and Johnny Bairstow — young Manish Pandey shouldered the responsibility in their game against Mumbai as he clobbered Hardik Pandya for a six in the final ball to push the match into the Super Over. Also Read – Djokovic to debut against Shapovalov at Shanghai MastersPandey played a valiant 47-ball unbeaten 71-run knock and didn’t let his team miss the presence of Warner, who had consecutively scored runs for Hyderabad this season. Along with him, skipper Williamson, all-rounder Vijay Shankar and comeback man Wriddhiman Saha will also need to contribute effectively. The Hyderabad bowlers have performed well so far but will need to click as a unit against Bangalore, which boasts of batsmen like AB de Villiers and Virat Kohli. A lot will also depend on leg-spinner Rashid Khan and K Khaleel Ahmed, who have been amongst the wickets for the Orange Army. While Rashid has 14 wickets from 13 games, Khaleel has also been impressive with 14 scalps from just seven matches. They will need the support of the experienced Bhuvneshwar Kumar. Coming to Bangalore, the Kohli-led side has nothing to lose and will just look to play for pride after exiting from the race to the play-offs. Kohli will certainly aim to end things on a winning note after losing eight of their 13 games. The skipper, who has amassed 448 runs from 13 games, is the leading run-getter for his side but lacked support from the other batsmen. Apart from him, de Villers has also contributed with 441 runs from 12 games. The duo will need to leave the sad memories behind and get their act together. Bangalore’s bowling would once again rely on Yuzvendra Chahal, Umesh Yadav and Navdeep Saini. Despite the wicket generally assisting batsmen in Bangalore, the host’s bowlers will have to get wickets at regular intervals besides being economical.last_img read more

No challenge ACC looks to continue mastery of Big Ten

Tonight marks the beginning of the 11th annual Big Ten/ACC Challenge, an early-season series of games pitting teams from two of college basketball’s best conferences against one other.In the first 10 years of the challenge, the ACC has dominated, going 10-0 and winning 62 of the 97 games.Penn State at VirginiaThe Big Ten/ACC challenge tips off tonight with two of the conferences’ weaker teams.Virginia, picked to finish 11th in the conference before the season started, has already lost to South Florida and Stanford this year.Similarly, but perhaps more embarrassingly, the Nittany Lions have two losses of their own early in the season: an 80-69 loss to UNC Wilmington and a 63-60 loss to Tulane.Neither team showcased in the challenge’s opening game will be a true testament to what each conference has to offer.Wake Forest at No. 6 PurduePurdue, last season’s Big Ten Tournament champion, returns four of five starters, including preseason All-Conference forward Robbie Hummel.The Demon Deacons, picked by the media in the preseason as the ACC’s sixth-best team, are led by sophomore forward Al-Farouq Aminu. After five games, Aminu is averaging 18.8 points and 11.2 rebounds.Last week Purdue beat No. 9 Tennessee, proving its Top 10 ranking is no joke. The veteran Boilermakers are one of the best teams in the country.Northwestern at North Carolina StateNorthwestern’s preseason was marred with devastating injuries. Two Wildcat seniors, Jeff Ryan and Kevin Coble, were out for the season with ACL injuries before the team even began the year.Despite its 5-0 record, NC State was picked before the season as the ACC’s worst team. It might struggle in this game, even with the injuries to the Wildcats. The record might be a bit misleading — the Wolfpack has knocked off Georgia State, Akron, Austin Peay, Auburn and New Orleans.No. 21 Maryland at IndianaAfter a disappointing showing in last week’s Maui Invitational, Maryland left Hawaii with more questions than answers.The Terrapins lost to Cincinnati in the semifinals before falling again the following night at the hands of Wisconsin.Greivis Vasquez, Maryland’s point guard and a member of the preseason All-ACC team, has been conspicuously ineffective so far this year, scoring only 11.2 points per game, fourth-best on the team.Indiana’s freshman guard Maurice Creek is averaging more than 16 points a game and will look to lead the Hoosiers to an upset. At 3-3, Indiana already has half as many wins as it reached last season.No. 2 Michigan State at No. 11 North CarolinaThe marquee matchup of the challenge is a rematch of last year’s national championship game. Although the Tar Heels bested the Spartans in April, Carolina has vastly different personnel this year. Michigan State’s roster is basically intact.The Spartans return defending Big Ten Player of the Year Kalin Lucas, who is averaging nearly 17 points per game. There’s no denying that Carolina is talented, but the Heels lack the experience of last year’s team that dominated Michigan State in the title game. The Spartans will be looking for revenge and are much more fit to challenge the Tar Heels this time around.Virginia Tech at IowaThe Iowa Hawkeyes are likely the worst the Big Ten has to offer and, quite frankly, might be one of the worst teams in the entire country.The Hawkeyes have already dropped four games this year: a 62-50 loss to Texas-San Antonio, a 52-50 loss to Duquesne, an 85-60 loss to Texas, and a 74-57 loss to Wichita State.Virginia Tech and preseason All-Conference guard Malcolm Delaney, who is averaging 21.8 points per game, shouldn’t find the task too difficult. The Hokies are off to a 4-1 start.No. 20 Illinois at No. 19 ClemsonPreseason All-ACC forward Trevor Booker leads Clemson in perhaps the most evenly matched contest of the challenge. Booker leads the Tigers in both scoring and rebounding.The Tigers fell to Michigan in the first round of the NCAA Tournament a year ago.Illinois returns three starters from last year’s team, which finished third in the conference, and has four players that average double-digit points.With many of the other games having a clear favorite, the winner of this game could determine which conference will come out on top.No. 22 Minnesota at MiamiWednesday’s game will be the first ever meeting between these two schools.Coach Tubby Smith has rejuvenated the Golden Gopher program and put it on the national radar, a place unfamiliar to Minnesota basketball. Led by senior guard Lawrence Westbrook, Minnesota has begun the season 4-2, including an 82-73 win over No. 12 Butler last week.Miami has put together a fast start of its own, winning seven straight to start the season. Boston College at No. 15 MichiganJust like Duke, Boston College has never lost a game as a part of the Big Ten/ACC Challenge. However, the Golden Eagles have stumbled out of the gates, losing two of their first six games, including a 12-point loss to Northern Iowa last week.Michigan’s Manny Harris nearly posted his second triple-double of the season in last week’s overtime victory over Creighton but finished one rebound short. He leads the Wolverines with 21.6 points, 9.6 rebounds and 5.0 assists per game.No. 7 Duke at WisconsinThe Badgers and senior guard Trevon Hughes are coming off a third-place finish in last week’s Maui Invitational. After losing to Gonzaga in the semifinals, Wisconsin beat Maryland, an ACC team, in the consolation game.Unfortunately for the Badgers, they will play a different class of ACC team Wednesday.Duke has never lost a game in the Big Ten/ACC Challenge, boasting a 10-0 record. Along with preseason All-American Kyle Singler, the Blue Devils have four players that average double-digit points.Florida State at No. 17 Ohio StateOhio State’s Evan Turner has recorded two triple-doubles through six games.Turner is averaging 19.8 points per game, but it is his rebounding numbers that garner the most attention. Through the Buckeyes’ first six games, the junior point guard is grabbing 12.8 rebounds a game, the third-highest average in the country.Florida State is led by sophomore forward Chris Singleton, who averages 11.3 points per game. The Seminoles like to get the ball inside, something that could give the Buckeyes trouble if center Dallas Lauderdale gets into foul trouble. read more

Skoko says Australian team deserves more

Skoko says Australian team deserves more

first_imgAustralian central midfielder Josip Skoko believes Australia have shown they are last-16 contenders and they are worthy to have more than a point from their opening two World Cup games.The Socceroos played out a 1-1 draw with Denmark after opening their Group C campaign with an unfortunate 2-1 loss to France.“They did really well. They set up tactically very well, they were quite close to each other, tight, didn’t give the Danes too many chances,” he told Omnisport via FourFourTwo.“And just when I thought they weren’t going to take it to the Danes, they did, and maybe the goal helped in that.An Aussie is living the “European dream” Manuel R. Medina – June 19, 2019 Defender George Timotheou is playing with Schalke in the German Bundesliga after he couldn’t appear even once in the Australian League.“I don’t really like when the Aussies sit back too much and just play tactically, I like them to come out and really have a crack and they did that when they needed to. They came out, they attacked and they created a lot of chances, which full credit to them, they really should’ve got the result, should’ve got the three points.“They outplayed them in the end and deserved more. I really like the fact that they looked confident, it wasn’t a nervous performance, it was a solid, controlled performance and one that says Australia is on the stage should be there and it’s a proper, proper contender to get through to the next round.”Skoko made 51 appearances for the Socceroos throughout his career.last_img read more

Klopp has full faith in Daniel Sturridge

Klopp has full faith in Daniel Sturridge

first_imgLiverpool manager Jurgen Klopp insists that he has full confidence in Daniel Sturridge for the upcoming campaignThe English striker had looked like a near-certain exit from Anfield at the beginning of the summer following a disappointing loan spell with the relegated West Brom last season after failing to find the back of the net in his six games.But, contrary to expectations, Sturridge has had a strong pre-season and appears to have forced his way into Klopp’s plans for the new campaign.Now the German is hoping that his faith in the 28-year-old will be rewarded by an injury-free season.Jose Mourinho is sold on Lampard succeeding ar Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“I can’t remember a bad game from him in the pre-season, to be honest. That’s absolutely good,” Klopp said on the club website.“I said it probably 500 times already: if Daniel is fit, nobody doubts Daniel. So, I do not. He is here in a good shape and hopefully he can bring that into the season as well.”Sturridge is expected to feature in Liverpool’s first game of the new league season at home to West Ham United on Sunday.last_img read more

La Liga confirms free to air deal with Facebook in India

La Liga confirms free to air deal with Facebook in India

first_imgSpain’s top flight soccer division La Liga has penned down a major deal with Facebook which will allow viewers in the Indian sub-continent to watch every game over the next three seasons for freeThe Spanish football governing body confirmed all 380 league matches for the new season, which begins on Friday, would be available to viewers in India, Afghanistan, Bangladesh, Bhutan, Nepal, Maldives, Sri Lanka and Pakistan.“We are really happy to be on a free to air service in such an important territory as the Indian sub-continent,” Alfredo Bermejo, La Liga’s head of digital strategy, told Reuters ahead of the announcement.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“One of our goals for the last two years has been to offer content to the widest audience possible, so partnering with free platforms like Facebook, which has 270 million users in India, is key to us.”Facebook and La Liga declined to give financial details of the deal which sees the social network giant unseat Sony Pictures Network as the rights holder in the region.last_img read more

Bahamas to institute accrual system by 2022 says PM Minnis

Bahamas to institute accrual system by 2022 says PM Minnis

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, November 14, 2017 – Nassau – As news reports swirl now about a new stream of borrowing to the tune of nearly $1b by the Bahamas Government, the FNM Administration is continuing to introduce measures to make government more honest.    From a Bahamas Information Services report we learn that the Government is in the process of moving away from the cash-based form of accounting it presently employs to an accrual based accounting system, this according to Prime Minister Dr. the Hon. Hubert A. Minnis on Monday.The move, which is foreshadowed to be implemented at the end of June 2022 for the central government and 2023 for the public sector, is aimed at better strengthening the Government’s accounting framework by ensuring greater transparency and accountability in public sector finances, while allowing officials to better monitor government debt and liabilities.An accrual method of accounting records revenues and expenses when they are incurred, regardless of when cash is exchanged.   The term “accrual” refers to any individual entry recording revenue or expense in the absence of a cash transaction.    Prime Minister Minnis said the new system would also allow for government’s use of high-quality information to make informed and sound spending decisions, while properly managing the nation’s assets and liabilities.Addressing a Bahamas Institute of Chartered Accountants Seminar Monday (November 13, 2017) at Melia Nassau Beach resort, Prime Minister Minnis said the current system of accounting employed is “woefully lacking” in providing government with a complete and accurate view of financial activities and reporting.#MagneticMediaNews#Bahamastointroduceaccrualsystem Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#Bahamastointroduceaccrualsystem, #magneticmedianewslast_img read more

State Senate Has Proclaimed April As Sexual Assault Awareness Month

State Senate Has Proclaimed April As Sexual Assault Awareness Month

first_imgSCR 17 is now on its way to the Alaska House of Representatives for consideration. Facebook0TwitterEmailPrintFriendly分享The Alaska State Senate unanimously approved a resolution proclaiming the month of April 2018 as Sexual Assault Awareness Month. SCR 17, sponsored by Senator Kevin Meyer (R-Anchorage), encourages Alaskans to observe Sexual Assault Awareness Month by acting to prevent sexual violence. Sen. Meyer: “In our homes, in relationships, or in our communities, everyone deserves a life free of fear and violence.” Sen. Meyer: “Despite tremendous progress, Alaska still has the highest rates of sexual violence in the nation.” center_img According to a 2015 Alaska Victimization Survey, One-third of adult women in Alaska have experienced sexual violence, and roughly half have experienced intimate partner violence, sexual violence or both, SCR 17 also recognizes Alaska’s volunteers, staff and agencies working to end sexual assault; in 2016 alone, over 3,100 volunteers devoted 48,483 hours of service in Alaska. Story as aired: Audio PlayerJennifer-on-SA-month.mp3VmJennifer-on-SA-month.mp300:00RPdlast_img read more

Merediths Allrecipes Launches Print Magazine

first_imgThe Meredith Corporation is set to launch a print version of its popular Allrecipies.com brand. The magazine is being rolled out as a bi-monthly publication and is slated to unveil a test run in August and will officially debut in mid-November with its December issue.  In addition to print, Allrecipes is also entering the television space with a branded segment tied into Meredith’s The Better Show, which airs on the Hallmark Channel. Meredith is looking to buck the trend of print magazines moving into digital-only publishing by going the opposite direction. “We believe in multi-platform publishing and delivery,” says Tom Witschi, executive vice president of Meredith’s Women’s Lifestyle Group. “We are very good at print and have had a lot of success with it, and it was clear from our testing that this was going to be very well received,” he adds. “Our feeling is that it will be brand buying across platforms. I can’t predict exactly when it’s going to happen, but on the selling side you’re seeing more sellers capable of selling multiplatform offerings, and on the buying side you’re increasingly seeing buyers and marketers interested in strong brands and the many different platforms they offer,” Witschi says.center_img Witschi implies that a major opportunity for Meredith here is that the trend of packaging media sales into silos is slowly shifting towards an all-in cross-platform approach, which is good for strong brands that may want to jump onto new platforms. Allrecipes reports that its site receives an average of 30 million monthly unique visitors. Not only that, but it has more than 7 million registered users, and more than 5 million email newsletter subscribers. The magazine, on the other hand, will be rolled out with a guaranteed rate base of 500,000, however Witschi expects that to be a temporary figure. “We will be aggressively increasing that over time, our intention is to grow very quickly,” he says.last_img read more

Rajinikanth backs Narendra Modi as PM BJP will secure 300 seats on

first_imgNarendra Modi and Rajinikanth.PR HandoutRajinikanth has made a u-turn on his political stand ás he has extended his support to the BJP in the forthcoming Lok Sabha elections. The Tamil superstar has predicted that the saffron party will register a thumping win in the polls and Narendra Modi would be the Prime Minister of India once again.Explaining the stand behind changing his stand and endoring Narendra Modi, Rajinikanth said, “I thought of staying away from politics as I could not give necessary attention to build my party. I had this belief that it could be a cakewalk for Modi at the centre. But looking at the way opposition parties are vying for his blood, I feel the need to put my weight behind an honest man who is toiling hard to put a great picture of country in the world map,” the Tamil superstar said.Is he supporting him out of fear that Modi might fail to become the PM again? “No, I am cent percent sure that the BJP will secure 300+ seats on its own. The reason why I am endorsing him is because there are lots of lies that are being spread about him. I believe a lie told 100 times might seem like the truth to the people. Hence, I decided to support him,” he said.”I am among the millions of Narendra Modi fans who want him to be the Prime Minister again. I may not be very comfortable with BJP’s ideology and endorse everything that do, but surely I back him for the India’s political post. His policies might have failed to yeild desired results and some could be called failures, yet nobody can question his sincerity and courage to take bold steps,” Rajinikanth claims.Interestingly, Rajinikanth seems to be not happy with the AIADMK and his liking has shifted towards the DMK leadership. “At present, I feel MK Stalin is the best leader among the lot in Tamil Nadu. I see a future for him in the state politics.” It has to be noted that the Dravidian party is having alliance with the Congress in the forthcoming Lok Sabha election and has been critical about Modi’s policies.However, Rajinikanth is prepping up for the Tamil Nadu assembly election in 2021. “By then, we would be in a position to contest in all the constituencies in the state. The BJP’s position in the state is negligible and there is a vaccum in politics after the demise of two stalwarts like J Jayalalithaa and M Karunanidhi.Rajini’s desire to foray into politics got new lease of life after J Jayalalithaa’s death. Months after she passed away, Rajini indicated that he was ready for the politics. To everybody’s surprise, he released a press release recently stating that his party Rajini Makkal Mandram was not endorsing any party and requested his party men not to identify with other parties.Did you believe this news?Happy April Fools’ Day. This story means no harm and is only meant to be a good-natured April Fools’ prank. We hope you had a laugh and here’s wishing you a wonderful day.last_img read more

How The Media Deals With Public Complaints

How The Media Deals With Public Complaints

first_img 00:00 /07:34 APJarrod Warren Ramos faces first-degree murder charges. Police said he targeted Maryland’s Capital Gazette newspaper, killing four journalists and a staffer. (Anne Arundel Police via AP)As NPR has been reporting, Jarrod Warren Ramos, suspected of fatally shooting five people at The Capital Gazette newspaper in Annapolis, Md., was held without bond in his first court appearance today.The man reportedly had a long-standing grudge against the publication. He sued the paper for defamation in 2012 and lost.While not all complaints end up in court, many media organizations have policies in place to handle such situations when they escalate. We find out how one local media outlet is re-thinking their policy. Jason Culpepper, publisher for the Houston Metro edition of the Community Impact Newspaper talks with Houston Matters host Craig Cohen and tells us how his organization is engaging the public on their complaints and concerns. Listen To embed this piece of audio in your site, please use this code:center_img Joshua Roberts/Reuters/Via NPRSteve Schuh, county executive of Anne Arundel County, Md., holds a copy of Friday’s The Capital. X Sharelast_img read more

Physicists Demonstrate QubitQutrit Entanglement

first_imgFor the first time, physicists have entangled a qubit with a “qutrit” – the 3D version of the 2D qubit. Qubit-qutrit entanglement could lead to advantages in quantum computing, such as increased security and more efficient quantum gates, as well as enable novel tests of quantum mechanics. Explore further Coupling qubits to sound in a multimode cavity Citation: Physicists Demonstrate Qubit-Qutrit Entanglement (2008, February 26) retrieved 18 August 2019 from https://phys.org/news/2008-02-physicists-qubit-qutrit-entanglement.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. The research team, composed of physicists from the University of Queensland, the University of Bristol, and the University of Waterloo, has published its results in a recent issue of Physical Review Letters. The researchers made qutrits with biphotons (two correlated photons), resulting in “biphotonic qutrits.” Then, they entangled these qutrits with photonic qubits (made with one photon) using a combination of linear optic elements and measurements.A qutrit, just as it sounds, is the quantum information analogue of the classical trit. Due to its quantum mechanical nature, a qutrit can exist in superpositions of its three basis states. This is similar to how a qubit can exist in superpositions of its two states. Because of the qutrit’s 3D nature, though, it can carry much more information than the qubit. (A string of n classical bits holds 1n states, a string of n qubits holds 2n states, and a string of n qutrits holds 3n states.)Many researchers have investigated the possibilities of entangling a qubit and qutrit, hoping to develop a valuable tool for improving quantum computing and exploring novel quantum phenomena, among other things. The authors’ result now makes such theoretical proposals experimentally testable.“For me, the significance our paper is about how entangling systems to a qubit can be a great way to manipulate that system,” co-author Benjamin Lanyon of the University of Queensland told PhysOrg.com. “In our example, we use this technique to dramatically extend the range of possible transforms on qutrits – these higher dimensional quantum information carriers, which offer loads of advantages, but are otherwise really difficult to handle.”In their study, the researchers show that qubit-qutrit entanglement can be a useful resource to manipulate the difficult-to-handle qutrits. The scientists built a non-linear qutrit polarizer, which involves creation of the entanglement and destructive measurement of the qubit. The result is to temporarily remove a single qutrit state from the qutrit’s superposition. Lanyon explains that this is an example of a measurement-induced nonlinearity (MINL), which is known to be an extremely powerful tool to manipulate qubits and realize an optical quantum computer. “Measurements on the output of optical circuits built from only linear elements (such as beamsplitters, phase shifters and mirrors) can give rise to a non-linear evolution of the input optical field, i.e. for all intents and proposes, the photons seem to have interacted,” said Lanyon. “This is surprising, since photons do not naturally interact in these systems, and the effect is called a measurement-induced nonlinearity. In the context of our study, the MINL gives rise to the non-linear evolution required to generate entanglement and remove a single logical state from a qutrit superposition.”He also gave a visual description. “Consider that there are a number of different paths that the photons could take through the optical circuit,” he said. “As in the double-slit experiment with electrons, the photons take all these paths at once, and, at the output, we end up with a large superposition. Now let’s make a measurement of the whole (or part) of the output state. Certain results mean that certain paths were not taken – and therefore we can get rid of paths this way, conditional on getting certain measurement outcomes. Very clever measurements can leave you with a path history that results in entanglement.”The researchers also propose a number of extensions to their work. For example, a pair of entangled qubit-qutrit states could be used to create qutrit-qutrit entanglement, which would first require entangling the two qubits. High-brightness single-photon sources currently in development will help with these kinds of future experiments. The researchers also propose that using MINLs as a manipulation technique is not limited to photons, but can be applied to any type of bosonic quantum information carrier.The scientists predict that higher dimensional entanglement will have applications including optimizing security in quantum information systems, and increasing channel capacity for quantum communication, among other uses. More information: Lanyon, B. P., Weinhold, T. J., Langford, N. K., O’Brien, J. L., Resch, K. J., Gilchrist, A., and White, A. G. “Manipulating Biphotonic Qutrits.” Physical Review Letters 100, 060504 (2008).Copyright 2008 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com.last_img read more

Researcher shows physics suggests life could exist in a 2D universe

Researcher shows physics suggests life could exist in a 2D universe

first_imgCredit: CC0 Public Domain Imagining the possibility of life in a universe without the weak force More information: J. H. C. Scargill. Can Life Exist in 2 + 1 Dimensions? arXiv:1906.05336 [hep-th] arxiv.org/abs/1906.05336 James Scargill, a physicist at the University of California, has written a paper reporting that the laws of physics allow for the existence of a life-supporting two-dimensional universe. MIT’s Technology Review has reviewed the paper and found that the work does show that such a 2+1 universe could exist. © 2019 Science X Network Because we live in three-dimensions, it is difficult for us to envision a universe in which the third dimension does not exist—or one in which there is a fourth or fifth dimension. But philosophers and physicists have spent a lot of time and work trying to figure out if life could exist in anything but the three dimensions we know. In such discussions, time is also included, which has led to the description of what we experience as a 3+1-dimensional universe.As TR notes, most physicists have concluded that our 3+1-dimensional universe is the only one that could support life. They point out that with more than three dimensions, Newton’s laws of motion would be susceptible to problems with tiny perturbations, which would prevent the formation of orbits—like planets around a sun. So that is out. But what about a two-dimensional world? Most experts suggest it is difficult to imagine how gravity could work in such a universe, making it difficult or impossible for life-supporting systems to form. In his paper, Scargill suggests we might need to rethink this argument. He has shown that the laws of physics do allow for gravity in a 2-D world, and also the development of systems capable of supporting life.In his paper, Scargill uses physics formulas to show that scaler gravitational fields could exist in two dimensions—and goes on to show that the necessary complexity needed for life could also exist in a 2-D universe—and he does it using neural networks as a basis for comparison. He starts by exploring whether there are any 2-D networks that have all the same characteristics as a neural network. He then shows that 2-D networks can be built in modular fashion to overcome the problem of crossing edges. Then he shows that such networks can demonstrate criticality. And by doing so, he demonstrates that there could exist a life-supporting 2-D+1 universe—at least according to physics. Explore further Citation: Researcher shows physics suggests life could exist in a 2-D universe (2019, June 25) retrieved 18 August 2019 from https://phys.org/news/2019-06-physics-life-d-universe.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

CBS in the US has launched a 24hour streaming spo

CBS in the US has launched a 24hour streaming spo

first_imgCBS in the US has launched a 24-hour streaming sports news network offering news, highlights and analysis.The free service is a collaboration between CBS Sports and CBS Interactive and uses the combined resources of CBS Sports, CBSSports.com, 247Sports, SportsLine, CBS Sports Fantasy and MaxPreps to deliver live news, game previews, post-game analysis, highlights and statistical breakdowns.“CBS Sports HQ is another key step in the evolution of the CBS Corporation,” said Leslie Moonves, chairman and CEO, CBS Corporation.“From CBS All Access to Showtime OTT to CBSN, we are creating best-in-class direct-to-consumer streaming platforms that are positioning us to be leaders in the future of premium content distribution.”Jim Lanzone, CEO, CBS Interactive and chief digital officer, CBS Corporation, said: “CBS Sports HQ is for fans who want more coverage of the game. Sports fans can now get the news and highlights they want in a true, round-the-clock sportscast on any device, where and when they want.”At launch, CBS Sports HQ is available on CBSSports.com; the CBS Sports app for connected TV devices including Amazon Fire TV, Apple TV and Roku; the CBS Sports mobile app for iOS and Android; CBSN; and the CBS All Access subscription service.CBS Sports HQ replicates the model CBS News and CBS Interactive used to launch 24/7 streaming news service CBSN, which went live in November 2014.last_img read more

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first_imgShareTweet crashesDerrydjsmtv For more information on the MTV DJ school event and to book a place go to mtv@derrycity.gov.uk.DERRY DJ’S TO SHARE STAGE WITH MTV STARS was last modified: September 17th, 2014 by stephenstephen Tags: Chase and Status.Three young Derry DJs are to share stage with top dance acts Chase and Status, DJ Fresh and Sigma at the MTV Crashes gig being held in the city this weekend.Fifteen year-old duo Callum Porter and Mark Kivelehan, and 22-year-old Erika Lauren, will have their dreams come true when they will play to 10,000 fans at Ebrington on Saturday night.Erika is due to become a Bounce DJ mentor for the organisation’s forthcoming Girls Allowed Legacy project in schools across Derry. Having DJ’d around the world including Ibiza, Britain, New Zealand, Asia and the Pacific islands, she has performed on the same bill as Calvin Harris, Eric Prydz and James Zabiela.Aspiring house producers Callum and Kivelehan are already well known for their work with artists such as Dirtex and Kriv.Other aspiring young DJs will also have the opportunity to work with some leading industry names on Saturday afternoon at a special Club MTV DJ school event taking place in the Music City Video dome.The event, which will take place from 12 noon to 4.00pm, is aimed at 12 to 18-year-olds interested in the art of DJing, rapping and production – and Club MTV DJs will be dropping in on the day to check out some of the material being produced.last_img read more

It remains to be seen how these rallies develops i

first_imgIt remains to be seen how these rallies develops in the days and weeks ahead.Gold added about seven or eight bucks to its price in the hours leading up to lunch time in Hong Kong on their Thursday morning…and then traded more or less flat into the London p.m. gold fix…10:00 a.m. in New York.  From there, the gold price rallied another ten bucks up until 2:00 p.m. Eastern time…and then traded flat into the 5:15 p.m. electronic close.Gold closed at $1,468.20 spot…up $36.70 spot… and virtually on its high of the day, which was $1,470.50 spot.  Volume was way up there…around 209,000 contracts, so it’s obvious that this rally did not go unopposed.Silver also rallied in early Far East trading…and then wandered around either side of $23.25 spot right up until 1:00 p.m. in London…twenty minutes before the Comex open in New York.  Then the price popped for about 60 cents in the next thirty minutes of trading…and rallied at a much slower pace from there.Silver closed at $24.40 spot…up $1.24 from Wednesday’s close…and virtually on its high tick of the day as well.  Net volume was a chunky 40,000 contracts.The dollar index closed on Wednesday at 82.94…and then began to head south shortly after it opened in the Far East on their Thursday morning.  By the time the low of the day was in 8:20 a.m. in New York…the Comex open…the index was down to 82.42.  From there it rallied back to virtually unchanged on the day by 10:30 a.m. Eastern time…but then slid a hair into the close…finishing the Thursday session at 82.78…down 16 basis points on the day.Compared to the 7 percent rally on nothing on Wednesday, I was underwhelmed by the performance of the gold stocks in the face of a solid rally in the metal itself on Thursday.  The rally in gold flat-lined at 2:00 p.m. Eastern time…and at that moment, the HUI was up a bit over 3 percent.  But then someone came along and sold the stocks down…and the HUI finished up only 0.70%.  One has to wonder who was selling in such a reckless manner yesterday.The silver stocks did much better, but only marginally so considering the size of the gains in the metal itself.  Like gold, one has to wonder who the 2:00 p.m. EDT sellers were on Thursday, compared to the smooth-as-glass-rally-based-on-nothing price action on Wednesday.Nick Laird’s Intraday Silver Sentiment Index closed up 3.18%.(Click on image to enlarge)For the day, gold finished up 2.56%…and silver closed up 5.35%…so compared to the metals themselves, the shares did lousy.  I’d be prepared to bet that there was a not-for-profit seller lurking about to make sure that the shares didn’t have a blow-out day to the upside.  But if that was the case, would someone please explain the share price action on Wednesday.The CME’s Daily Delivery Report showed that 202 gold and 10 silver contracts were posted for delivery on Monday.  JPMorgan Chase was the short/issuer on all 202 contracts out of its client account…and Barclays and Canada’s Bank of Nova Scotia were the long/stoppers on 133 and 67 contracts respectively.  The link to yesterday’s Issuers and Stoppers Report is here.GLD‘s inventory levels continue to slide, as an authorized participant withdrew 87,041 troy ounces yesterday.  But the big surprise was in SLV…as an authorized participant deposited 1,545,392 troy ounces!There was another sales report from the U.S. Mint yesterday.  They sold 7,000 ounces of gold eagles, along with 1,500 one-ounce 24K gold buffaloes.  For the second day in a row they didn’t report any silver eagles sales.It was another busy day over at the Comex-approved depositories on Wednesday.  They reported receiving 598,041 troy ounces of silver…and shipped 1,296,767 troy ounces of the stuff out the door.  The link to that activity is here.In gold, the Comex-approved depositories reported receiving 1,286 troy ounces on Wednesday…and shipped 355,996 troy ounces out the door.  The link to that activity is here.I’d love to be a fly on wall at these depositories and know for sure what this ‘metal in motion’ is all about.It was another busy day at the store yesterday…and I was a tired puppy by the time I left for the day.  It’s not wall-to-wall people anymore, but the traffic just never stops for more than a few minutes at a time.  There always seems to be someone in the store at any given moment…and we have little time to do anything else.  I don’t think the mints of the world could even keep up with this demand level. One thing that is worth noting, is that we went from two week delivery on gold maple leafs and bars last week, to two months…maybe…on Wednesday.  This delivery delay in gold is unprecedented in this country!  One can only imagine what it will be like when the gold price begins to rise in earnest once again.Here’s a group of photos sent to me by Hong Kong reader Frank Lin yesterday.  He comments that “These pictures were taken from one of the largest gold jewelers in Hong Kong [on Tuesday].  I was told only expensive pieces are left.”  The photos of the empty cases certainly confirms that.  Having spent some time in Hong Kong myself…and knowing how many jewellery stores there are just in the Kowloon area alone, one has to wonder just how long it will take all of them to restock when they’ve been wiped out to that extent…and that doesn’t include replacing the bullion they’ve sold as well.As I noted in a story posted in the ‘Critical Reads’ section yesterday, there’s a new U.S. $100 bill coming out in October…and it’s already been redesigned by someone on the Internet.  It’s rather fetching, isn’t it?While on the subject of money, I received the chart posted below from Casey Research‘s own Jeff Clark around 2:00 a.m. Eastern time this morning.  According to the St. Louis Fed, the adjusted monetary base has just exceeded 3.0 trillion for the first time.  That happened on April 17th.(Click on image to enlarge)I have what I believe to be a ‘reasonable’ number of stories for you today…but the final edit is always up to you.The issue which has swept down through the centuries…and which will have to be fought sooner or later…is the people vs. the banks. – Lord Acton, Historian, 1834-1902I was happy to see the rally in all four precious metals yesterday…including copper and crude oil.  It certainly didn’t look like short-covering to me…and looking at the volume numbers I would guess that the bullion banks were going short against all comers in all six markets.  Unfortunately, what happened yesterday won’t be in today’s Commitment of Traders Report.It remains to be seen how these rallies develops in the days and weeks ahead.  Here’s the 6-month gold chart showing the 20 and 50-day moving averages.  We should start to see some signs of short covering by the technical funds once the 20-day moving average is pierced to the upside.  How the bullion banks and small traders [Ted Butler’s raptors] react once that event happens will be interesting to watch.  Will they allow the technical funds out on the cheap, or will they inflict some pain by refusing to sell their longs positions to them until we are much higher in price?  That, as Ted Butler has stated on many occasions in the past, is the key to how this rally unfolds.  So we wait.(Click on image to enlarge)If you had time to run through Matt Taibbi’s essay at the beginning of the ‘Critical Reads’ section further up, you will have discovered what GATA has known for almost a decade…and that is that the banks control everything.  However, British economist Peter Warburton wrote about it long before we at GATA cottoned on to this fact.  I discovered his essay on the Prudent Bear website about a decade ago…and what I call the ‘three most important paragraphs in the world’ embedded in that essay, have been the lens that I have looked at the financial system through ever since.I’ve posted them many times in this space…but they bear repeating at this point in time.  Needless to say they are a must read.  Keep in mind while you’re reading that this was written in 2001…twelve years ago to the month.“What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, their actions seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.”“It is important to recognize that the central banks have found the battle on the second front much easier to fight than the first. In November [of 2000], I estimated the size of the gross stock of global debt instruments at $90 trillion for mid-2000. How much capital would it take to control the combined gold, oil and commodity markets? Probably, no more than $200bn, using derivatives. Moreover, it is not necessary for the central banks to fight the battle themselves, although central bank gold sales and gold leasing have certainly contributed to the cause. Most of the world’s large investment banks have over-traded their capital [bases] so flagrantly that if the central banks were to lose the fight on the first front, then their stock would be worthless. Because their fate is intertwined with that of the central banks, investment banks are willing participants in the battle against rising gold, oil and commodity prices.”“Central banks, and particularly the US Federal Reserve, are deploying their heavy artillery in the battle against a systemic collapse. This has been their primary concern for at least seven years. [Emphasis is mine. – Ed] Their immediate objectives are to prevent the private sector bond market from closing its doors to new or refinancing borrowers and to forestall a technical break in the Dow Jones Industrials. Keeping the bond markets open is absolutely vital at a time when corporate profitability is on the ropes. Keeping the equity index on an even keel is essential to protect the wealth of the household sector and to maintain the expectation of future gains. For as long as these objectives can be achieved, the value of the US dollar can also be stabilized in relation to other currencies, despite the extraordinary imbalances in external trade.”Warburton’s essay is headlined “The debasement of world currency: it is inflation, but not as we know it“.  It was written on April 9, 2011…and this copy of it is posted at the gold-eagle.com Internet site.  The link is here.Today we get the latest Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, April 23rd.  As I’ve mentioned several times in this space during the last week, it’s my opinion that the latest data in the Commercial and Non-Commercial category is totally compromised…and I will be more than interested to see if they have made amends in this report when it shows up on the CFTC’s website at 3:30 p.m. Eastern time.  I’ll let you know tomorrow.Both gold and silver were rallying nicely in early Far East trading on their Friday, but got sold down the moment they got too frisky…and both metals are down a bit now that London has been open about thirty minutes.  Volume in gold is already very chunky…over 45,000 contracts…most of which is of the high-frequency trading variety.  Silver’s volume is getting up there too, but roll-overs out of the May delivery month are very heavy as well, so net volume is very light. Monday should be the last big day for roll-overs out of the May contract in silver.  The dollar index is down about 15 basis points.And as I hit the ‘send’ button at 5:10 a.m. Eastern time, both gold and silver are a bit lower now that London has been open for two hours and change.  Gold is down about seven bucks…and silver is down 28 cents.  Gold volume is now over 70,000 contracts…and silver’s net volume is very light…around 4,800 contracts.  The dollar index is still down 15 basis points.Since today is Friday, I’ll be ready for any possible price scenario when I switch my computer on later this morning.Enjoy your weekend, or what’s left of it…and I’ll see here tomorrow.last_img read more

Harder to Get Ahead We are not sure how up to da

first_img Harder to Get Ahead We are not sure how up to date the following figures are. But we doubt that they have changed much. From MarketWatch: Approximately 62% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a new survey of 1,000 adults by personal finance website Bankrate.com. […] What’s more, only 39% of respondents reported having a “rainy day” fund adequate to cover three months of expenses, and only 48% of respondents said that they would completely cover a hypothetical emergency expense costing $400 without selling something or borrowing money. If you follow mainstream news media, you might believe that the “recovery continues on track.” Or that earnings are increasing. Or unemployment is falling. But keeping your eyes on these data points blinds you to what is really going on. People have always struggled to make ends meet. But as the money system changed…so did the typical family’s household finances: It got harder to get ahead. Yes, most people live better than they did in the 1970s. Technological and commercial progress has improved the quality of the things we live with. There are more choices in the supermarkets…in Walmart…and online. Today’s F-150 is better, in many ways, than the F-150 from 40 years ago. Houses are bigger and more comfortable. Air conditioning is more widespread. Communication channels and entertainment are better than ever. But though life is easier and more agreeable for most people, few people have more real money. They have more things. And more credit. But they are deeper in debt…more vulnerable to a downturn…and more dependent on the government and the credit industries. “Debt Makes Sense” Your editor recently took up the subject with a recruiting agency. “I place a lot of accountants and bookkeepers,” began the recruiter. “Naturally, their employers want a credit check. They want to know how you handle your finances. They also want to avoid people whose financial situation sends up flags. Desperate people are not ideal new hires for the accounting department. “The people we place earn $60,000 and up. Usually, husband and wife both work, and often they both have MBA or other advanced degrees, so you’re looking at some substantial incomes. The recruiter continued: “Usually, they have some student debt, auto debt, and mortgage debt. And they usually have a revolving line of credit, too. These are prudent, well-educated people we’re talking about. They use credit wisely, when they need to make a big-ticket purchase…or pay for private schooling. “What we look for is a clean report. No late payments. The level of debt doesn’t bother us. I mean, the banks wouldn’t lend if they thought there was a problem. “Besides, everybody uses debt now. It makes sense. With rates this low, it’s better to borrow than to use your own money. Debt is just a financial tool.” Is that all debt is? A handy tool? We don’t think so… More to come… Regards, Editor’s Note: Bankers are worried you have “too much cash.” Agora founder Bill Bonner recently had an eye-opening talk with local bankers. In today’s Weekend Edition, Bill tells us what happened when the bankers tried to persuade him borrow money… Bill originally wrote this essay on April 5, 2016, in Bill Bonner’s Diary. By Bill Bonner, editor, The Bill Bonner Letter In an extraordinary turn of events, last week we were contacted by our local bankers. Since we were turned down for a mortgage in 1982 (our business finances were thought to be “too shaky”), we have had little truck with them. We pay cash. They mind their own business. But for the first time we can recall, not just one but three suits came to visit. Personable and intelligent, they were worried when they saw how much cash we were keeping on hand. No kidding. They came to visit to propose ways we could “put it to use.” Too Much Cash? “You really should take some of that cash and invest it in municipal bonds” was the motion on the table. “What if the municipalities can’t pay?” we asked. “Don’t worry about that. Historically, the odds of default are extremely remote,” one of them answered. “But what if interest rates turn up? Wouldn’t the default rate go up?” “Well, maybe. But we keep the maturities short and invest only in the most creditworthy municipalities. The risk is very low.” “Oh…but what if we just need some cash.” “No problem. We’ll give you a line of credit.” “Let me get this straight. You’re proposing to put me into debt so that I can keep my money invested in somebody else’s debt?” “Uh…well…yes…and we’ll charge you less interest than you will earn from the municipal bonds.” “Wait. You can earn a fee for putting my money in bonds…and earn another fee for lending me money…and I still end up ahead?” “Yes. We just try to find ways to help clients with their financial needs.” “Oh.” Worse Off Little by little, day after day, year after year, we connect the dots. At first, it is difficult to make out what we’re looking at. But gradually, after much straining and guesswork, two things are becoming clearer and clearer…at least to us. First, nobody knows anything. Second, nobody has any real money. Yesterday, we mentioned our persistent puzzlement over the failure of the U.S. economy to make the typical working American richer after accounting for inflation. For all its conceits, swindles, booms, busts, hustles, patents, technologies, investments, PhDs, and central bank chicanery…there seems to be little to show for it. You can test that assertion easily. All wage and inflation numbers are a little fishy. So, let’s keep it simple. The basic transportation for a working man 40 years ago was the Ford F-150 pickup truck. In 1976, that truck, the SuperCab model, had a manufacturer’s suggested retail price (MSRP) of $4,600. That was when the average working stiff earned $9,300 a year. So, it took 25 weeks of work to pay for the truck. Today, the F-150 is still the preferred working man’s wheels. And today, it has a MSRP of $26,600—or 5.7 times as much. But the average person doesn’t earn 5.7 times as much. The median wage today is $43,600. So now, a prole earning the median wage has to work 30 weeks to pay for the truck. This man is not better off. He’s worse off. And he’s been made worse off by advanced American crony capitalism. And here are more dots…to be connected! What do we see…? Recommended Links Bill Bonner’s Private Meeting in Vancouver For years, Bill Bonner’s invested mostly in gold and real estate. But after a private meeting on a boat in Vancouver, he’s about to put seven-figures in an unexpected place. Details here. –center_img — Rare chance to share a scotch with Doug (only 100 tickets)… We’ve got 100 free tickets for the Sprott Natural Resource Symposium this year, and you have the chance to claim one… Your ticket also gives you access to a VIP scotch reception, where you can share a whiskey with Doug. Click here to learn more… Bill Editor’s Note: If you haven’t heard, Bill Bonner is committing $5 million to Chris Mayer’s astonishingly successful investment strategy. Chris is one of the best stock pickers in the business. His picks have beaten the market by more than 3-to-1 over the past decade. Bill and Chris recently held a free investment training event to explain the secrets of this strategy. You can learn all about Chris’s investment strategy and invest in the same companies Bill Bonner’s family trust is investing in. Click here to watch this free video now.last_img read more

first_img— What Teeka Discovered at a Private Bitcoin Meeting in New York Will Shock You Recommended Link After a private meeting with some of the wealthiest investors in the world, Teeka’s making a major new Bitcoin prediction for 2018. Details here. Another was that everybody and their dog was talking about them. Because it had gone up 1,000% in the last year, they expected a repeat performance. It’s always that way in financial markets. Look, the last time I saw anything quite this goofy was during the internet bubble. Dozens of failed mining companies in Vancouver were turning themselves into internet companies. It was happening weekly, almost daily. That was the bell ringing at the top of the market for the internet companies. It was also the bottom of the market for the mining companies. So, I’m frankly trying to liquidate at this point. I really only want to own gold, silver, and other commodities to preserve capital. And mining stocks, as speculations. And more cash than I’m accustomed to. But that only leads us to another problem. The dollar itself is a hot potato. Justin: What do you mean? Doug: Keeping dollars in banks is very dangerous. The whole world is like Cyprus a few years ago. You don’t actually own anything in a bank or broker anymore—your assets are the unsecured liability of an institution that’s likely bankrupt. This is especially true if you have more than $250,000 in any given account, which the FDIC insures. But it’s bankrupt too, with assets that cover like a half percent of their liabilities. The problem is systemic risk, and it’s worldwide. It’s like Joe Louis said: you can run but you can’t hide. The only place you can hide today is gold and silver. That, and cheap real estate, if you can find it. Justin: Yeah, gold is doing quite well. Its price is up 12% since July. What do you attribute this to? Is it because investors are taking shelter? Is it due to the weak dollar? Or is it simply because we’re in the early innings of a new commodity bull market? Doug: Well, I think all the indications are aligning at this point. It’s been a rough bear market. As a group, commodities are 50% below their 2011 highs. It’s been a deep bear market as well as a long bear market. As a result, commodities have never been cheaper relative to financial assets like stocks and bonds. It’s a great time to be in commodities. And gold is the foremost commodity. It’s historically been used as money. And it will continue to be used as money because none of these governments should, or do, trust each other. Or each other’s phony paper fiat currencies. There could be a buying panic in gold and it could go much higher. We’re in a new bull market for gold at this point, but nobody cares. Or even knows that’s true. The same is true for silver. Although, silver is primarily an industrial commodity. It’s the poor man’s gold for many reasons. Silicon Valley Rocket Scientist’s February 27th Prediction Could Lead to 35,000% Growth Jeff Brown is a real-life rocket scientist and one of the most tuned-in angel investors in Silicon Valley. Not only has Jeff been an executive for companies like Qualcomm and NXP Semiconductors, but he’s also completed 89 private deals. Right now, he’s predicting that a new biotech breakthrough could skyrocket this market niche 35,000%… All because of a little-known FDA anomaly happening around February 27. Click here to see him lay out his bold prediction in full detail.center_img — Recommended Link Justin’s note: Volatility has come storming back. Just look at the CBOE Volatility Index (VIX), which measures how volatile investors expect the market to be over the next 30 days. It’s up 89% since the start of the year. Last week, it hit the highest level since 2016. Investors aren’t used to this. After all, last year was the least volatile year ever for U.S. stocks. That lulled many investors to sleep. It led them to take risks they would normally never take. Now, those same people are wondering what to do. They aren’t sure if this is just a run-of-the-mill pullback…or the start of something much worse. To help answer this question, I called up Doug Casey. I knew he would have an interesting take on this matter… Justin: Doug, U.S. stocks took a beating recently. Where do you see things going from here? Doug: Well, I hate to make a firm prediction of timing. The fact that things have held together, against all odds, since 2009, has underlined the old saying about just because something is inevitable doesn’t mean it’s imminent. Predictions of disaster, and all these things unwinding, have been wrong over the last half a decade. And the smart bet is always for muddling through, in the direction of progress. But it seems that we’ve finally reached a peak, a major turning point. Justin: So, what have you done to protect your wealth? Doug: At the beginning of the year, I took all my original capital out of cryptos, plus 150% profits. I also took profits on crypto stocks. I got in late, and out a bit late. But it was a happy experience. They were bubbly. Every company that could possibly do so has gotten into this game. Now XYZ ice cream company is XYZ blockchain company. That was one tipoff. Justin: How much higher could gold head? Doug: Well, these things usually move in a hyperbolic curve. They start out slowly. Then, they accelerate. Same type of thing we saw with cryptocurrencies. I think gold will do the same, although not to the same extent. My prediction by the end of this year is that gold will hit $2,000. In 2019, $3,000. In 2020, $4,000. By the time this bull market peaks, gold could reach $10,000. But I hate to say things like that…because it sounds so outrageous. But look at the number of dollars in existence ($3.635 trillion in the M-1 money). Divide that by the 260 million ounces of gold the U.S. Government is supposed to own, and you get a gold price of $13,982/ounce. Look at the number of dollars that are outside the U.S.—$10 trillion, $20 trillion, who knows?—and that liability is growing by $50 billion annually with the balance of trade deficit. At $1,300 per ounce, the U.S. gold holdings can’t even cover a year’s deficit. And consider the fact that at some point those dollars will need to be redeemed by something if they’re going to retain any value. The price of gold—if gold is going to be fixed to the dollar again, at least for the purpose of trading with foreigners, with foreign governments—is going to have to be much higher than it is today. Of course, I don’t think the dollar should exist, nor should the U.S. government even be in the money business; it just confuses the issue. Money is a medium of exchange and a store of value—it shouldn’t also be a political football, and a means for the State to finance itself. Gold itself should be used as money. Remember that the dollar—like the franc, the pound, the mark, and what-have-you—were just names for a specific quantity of gold. So a six-to-one shot from here is not at all unreasonable over the next several years. And that would mean very good things for gold stocks. Justin: So, it’s safe to assume you’re buying gold stocks? Doug: Resource companies are essentially the only stocks that I’m buying right now. And that’s because nobody’s interested in them. They’re very cheap. Of course mining itself is a crappy business. You can’t invest in it, only speculate. But it’s a great speculation now. I probably do, on average, a private placement a week in mining stocks, which is quite a lot. The only thing I’m afraid of is having too many stocks. You can’t effectively monitor more than 15 or 20 stocks. And then you lose track of them. You can’t keep up. You forgot why you bought them. Unless I really like the stock and I’m planning on following it in particular, I sell the basic stock after the four-month hold period and keep the warrants in case I get lucky. Justin: What else are you buying right now? Doug: Well, I buy gold coins whenever the opportunity presents itself. I try to be disciplined about that. I just put them away and forget they exist. Unlike gold stocks, you can do that with gold coins. I think it’s wiser to buy small gold coins, of a quarter-ounce or less, as opposed to the one-ounce-size coins that are so popular today. Paying the premium is worth it. Incidentally, I also prefer to buy semi-numismatic coins, like British sovereigns, French Louis d’or, Danish crowns, and the like, as opposed to the currently minted ones. I treat gold, physical gold, as a savings medium, an insurance medium. To speculate, I buy small mining exploration issues. Because they’re so cheap. But if we have a 1929-style credit collapse, however, I’m sure most of them are going to get washed away. But the odds are much better that the dollar’s going to lose value at an increasing rate over the next few years. Because we have Keynesian academics at the helm of the financial world. People with no experience in the real world. They shouldn’t even be allowed to teach a freshman class in economics. Some of them should be, and quite possibly will be, hung by their heels from a lamppost when things come unglued. The world economy is going to wind up crashed on the rocks. It’s going to be very ugly. And soon. Justin’s note: Each month, Doug shares his unique insights in The Casey Report, our flagship publication. And beyond Doug’s timeless political and market commentary, you’ll get stock recommendations designed to help build your wealth—even in today’s uncertain market environment. To learn more about a subscription to The Casey Report, click here.last_img read more