Global sports provider Eleven Sports has unveiled an international partnership with digital football platform Onefootball for the launch of a pioneering in-app, pay-per-view live streaming football offer.The new venture means that football fans in the UK and Ireland can now purchase and watch any LaLiga match carried by Eleven Sports for £2.99 (€3.49 in Ireland) on a pay-per-view basis via the Onefootball app.Danny MenkenPlans are also in development for the service to be rolled out for Serie C matches in Italy, before the model is launched in other Eleven Sports markets from 2019/20. Commenting, Danny Menken, Eleven Sports Group Managing Director, said: “Fans are seeking more flexible ways to watch live sport. Our partnership with Onefootball enables us to cater for those needs, while broadening our reach to a wider fan base.”The partnership is in line with Eleven Sports’ platform agnostic model, according to Menken, who added: “We can also leverage Onefootball’s intelligence on their user base which can be easily targeted through direct and personalised in-app marketing.”Lucas von Cranach, founder and CEO, Onefootball, said: “Modern football fans are challenging the status quo. They want to be empowered to consume live content in a more flexible, easily accessible way. Offering live streaming as part of the Onefootball app is the next big step in our platform evolution.”
Broadcasters are looking to new hybrid delivery technologies to ensure that their services stay relevant in the digital age. Anna Tobin reports on the latest developments.The demise of broadcast TV has been predicted for years as audiences increasingly choose to watch content online and on-demand. It’s not dead yet though. In fact, broadcast businesses across Europe are very much live and kicking.The word live is key here. Live TV remains the USP of broadcasters. They have the legacy infrastructure that ensures that they can transmit live programming to the greatest footprint in the highest quality, something that the OTT world is not yet coming close to. What broadcasters are quickly learning, however, is that it makes business sense to build supplementary streaming services.The technology behind streaming media is still not perfected, which is the primary reason broadcasters haven’t fully embraced it. “The internet was not meant for delivery of broadcast content from a single source to multiple people and it wasn’t meant for real-time delivery. It was always meant for file delivery,” says Gideon Gilboa, SVP of product and marketing at Kaltura’s media and telecom group. “From a technology point of view, there is no doubt that at the moment at least there are still some barriers to moving to a world that is only IP for video.”The 2019 US Super Bowl final was broadcast to 98.2 million people and streamed to just over two million. Although an impressive figure, it demonstrates that the number of concurrent users on IP streaming is still low in comparison to broadcast.Broadcast TV will be around for many years, surmises Gilboa, but nevertheless he still believes that there will be a continuing steady move by broadcasters towards OTT delivery. “I think broadcast TV is on the verge of significant change,” he says. “I have no doubt that in the longer term, all video consumption will be IP-based. There are some technology hurdles, but I think that that will ultimately happen and IP and streaming will be the primary means for delivering video to consumers, wherever they are.”Ahead of that, broadcasters are investing heavily in straddling both the linear and OTT worlds. Some are attempting to take on global streaming giants, such as Netflix and Amazon, by going direct-to-consumer with their own platforms. UK broadcasters the BBC and ITV, for example, have recently announced plans to launch a version of their joint venture US-streaming service BritBox in the UK. While other broadcasters are concentrating on syndicating their content to the big global players and some are experimenting with a combination of the two.“We are seeing an evolution in the way people consume TV with consumers getting the best of both worlds through linear and non-linear services,” says Laurie Patten (right), director of strategy and ventures at Arqiva. “Notably, while both services are important, when it comes to key programming such as major sporting events, soaps, reality TV and others, broadcast remains the nation’s favoured choice.”Patten believes that hybrid delivery, where streaming and linear services are offered via a single platform, will continue to develop into the primary delivery model for broadcasters. “Hybrid TV delivery is now an integral feature of the DTT platforms offering viewers a modern, dynamic and personalised viewing experience,” she says. “Freeview Play is a native hybrid TV platform offering a seamless connected TV experience. This facilitates improved content discovery and access to catch-up and on-demand content, in addition to linear TV. It offers viewers a powerful search engine, provides dynamic content recommendations and a seven-day backwards electronic programme guide (EPG) for easy access to catch-up content. Viewers can also access catch-up and on-demand content through the various players, such as BBC iPlayer, which are all designed to work seamlessly on Freeview Play compliant smart TVs.”Kaltura’s video platform and solutions are deployed globally by thousands of customers.It’s crucial that consumers are not aware of the means by which their content is delivered to them, says Peter MacAvock, chairman of the Digital Video Broadcasting (DVB) consortium. “For the foreseeable future there will be a demand and enthusiasm for broadcast TV,” he says. “It’s very much about the services that are provided and the best way of delivering them, and broadcasting is very efficient at what it does. What we will see, however, is a gradual move to the hybrid space so that, as consumers watch a broadcast or other service offered via a broadcaster, they will become less aware of the type of network that is used to deliver that service. There will be a seamless link between the traditional broadcasting and the online propositions.”The initial focus, says MacAvock, is an integrated EPG.“The immediate short-term application is in the area of offering a seamless electronic programme guide so the consumer has access to a linear service which is the live feed, if you like, and a library of content, which is provided to them through some form of selection tool. It’s about ensuring that the consumer sees no difference in channel change time, picture quality and audio quality between that linear broadcast service and the on-demand stuff; the consumer simply doesn’t know.”Making the switch between linear and OTT services undetectable is vital for broadcasters if they are to leverage the time viewers spend in the linear space to lead them to their online offerings, agrees Frode Hernes, SVP of products, core and modules at Vewd (left). “The red-button applications are shortcuts for the place you spend the most time, so if and when viewers transition to OTT, the broadcaster has a chance to catch them on their offering,” he explains. “We also see now, with LOVEStv in Spain and, soon, with Salto in France, how HbbTV can be leveraged to ‘bundle up’ services from multiple broadcasters and create an offering which has a critical mass as a vital service for a country. Now, in Spain and France, we may see pay TV operators struggle, because the broadcasters keep catch-up to HbbTV, which is typically supported on retail TVs on free-to-air, and not on pay TV devices.”HbbTVThe Hybrid broadcast broadband TV (HbbTV) specification is designed to promote and harmonise the coming together of broadcast and broadband delivery of entertainment services to multiple screens and devices.“HbbTV is all about enabling interoperability through common international standards for Hybrid TV,” explains Patten at Arqiva. “By adopting these standards countries and platforms can maximise scale and help drive down costs for the benefit of all stakeholders: advertisers, broadcasters, platform operators and ultimately consumers.”Recognising the need for the industry to collaborate on the latest innovations, the HbbTV initiative is working closely with the DVB-I project. “Both the DVB-I project and the HbbTV initiative are similar in structure and they are peopled by the same people,” explains MacAvock at the DVB. “I retain a position of responsibility within HbbTV also. The DVB project is going to work closely with HbbTV to define how the DVB-I initiative – which is all about trying to make the online experience easier for the consumer – fits in with what they have done on things like operator applications and also the common work that we are doing on targeted advertising. I see HbbTV as a compliment to the way in which DVB does its work.”The most recent HbbTV initaitve, HbbTV OpApp, is designed to allow TV operators, in partnership with TV manufacturers, to provide an operator-branded experience as an application on TVs. This virtual set-top-box has proved more of a bonus to retailers than broadcasters however, claims Hernes, who in addition to his role at Vewd is also a member of the HbbTV steering board.“The HbbTV OpApp is designed specifically for small to medium operators that wish to avoid investing in operator-controlled devices. It is an opportunity for the retail TV manufacturers to establish a commercial relationship with these operators and gain some after-market revenue. For broadcasters, OpApp is less important, as the services a broadcaster normally needs are already in the standard HbbTV 2.0.2 specification,” he says.Hernes says it is too early to judge whether the working partnership HbbTV has with DVB-I will prove successful, but he is watching it with interest. “If the DVB-I initiative is successful in Europe, it will be important to have HbbTV on those channels. But there are of course other ways to serve live channels over the internet also.”The HbbTV organisation is currently working on several new initiatives. These include application discovery over broadband – the functionality to let a TV connected to a pay TV device or TV service that does not support HbbTV use the internet to detect and load HbbTV applications. Another initiative is targeted advertising – specific functionality to improve the user experience when a broadcaster or operator replaces a broadcast advertisement with one loaded over IP. “This is already possible with today’s HbbTV 1.5 and newer, but with this new initiative, we believe we can give the user a better experience, and also improve the ‘backend side,’” explains Hernes.The organisation is also working on HbbTV updates. “We are currently discussing what is required to keep HbbTV relevant and easy to use for content owners,” says Hernes.“This mainly means adding new, media formats and features to the platform to ensure that the best quality experience can be achieved, and that content owners can serve the same media streams to HbbTV devices as to other devices out there.”The disconnect between the various mobile devices and the main screen platforms is impeding the development of a range of common solutions to be offered across all the different platforms, says the DVB’s MacAvock.“What I think we will see over time, and what the DVB project is working on, is trying to minimise those differences and simplify the proposition for the broadcasters. Currently, the broadcasters have to serve all of these platforms differently; ideally, they would serve them all the same way,” he says. “The other big issue in this is the fact that people consume content on different devices in different ways. So what works on mobile doesn’t necessarily work on a large screen and vice versa. The classic example is if you look at the statistics in relation to Netflix usage, you will see that once the ‘sunrise period’ of adherence to the platform wanes, after about one month, viewing migrates to the main screen which is for consistent long-form, high-quality, serialised drama and films.”It works the other way as well, says MacAvock. “If you look at the way in which RTÉ, the local broadcaster in Ireland, has tailored its offering; on its online platform it produces content specifically designed for mobile devices, which is more short-form based,” he says. “So different content works on different devices in different ways at different times of the day to different types of users. Getting that mix right is critical, but at the basic level, and where the DVB project comes in, it is about being able to deliver content to different devices, but in pretty much the same way.”Spectrum WarsAs broadcasters move over to streaming, it is predicted that they may be pushed to give up some more of their free-to-air terrestrial or satellite spectrum. And there are other entities waiting in the wings to pick this up.“Spectrum, particularly spectrum in the lower part of the UHF band, is very attractive for a number of different applications. It brings with it the possibility of traditional broadcasting coverage and it also brings a reasonable data rate. It is a valuable resource and as a valuable resource it needs to be deployed for the good of the population that it serves,” says Peter MacAvock, chairman of the DVB. “It’s all very healthy. If there were no demands for spectrum then I think it would be more difficult to ensure that the best use of that spectrum is guaranteed.”There are quite a few satellite operators that are already thinking about when there won’t be so much demand for satellite capacity from broadcasters, points out Gideon Gilboa, SVP of product and marketing at Kaltura’s media and telecom group. But, while broadcast satellite spectrum may be relinquished, Laurie Patten, director of strategy and ventures at Arqiva, doesn’t see free-to-air broadcast spectrum being rescinded by many broadcasters soon.“Broadcasters are likely to hold on to valuable spectrum for a long time to come because the services and content they provide continue to be extremely valuable, widely used and play a very important role culturally and within society,” he says. “For instance, over 18 million households in the UK regularly use DTT services and the number of primary DTT households has actually continued to grow through the ongoing success of platforms such as Freeview Play, BT TV and Talk Talk TV, which are also built around the DTT platform.”Frode Hernes, SVP of products, core and modules at Vewd agrees that spectrum sacrifice is possible, but unlikely to happen on a wide-scale in practice. “There is some push to get some spectrum freed for mobile services, but achieving this is extremely complicated,” he says. “There was an attempt in radio, closing down FM and introducing DAB with much more efficient codecs and better services, but in the end, full adoption did only happen in Norway, and even in Norway we cannot re-use those frequencies since our neighbours – Sweden mainly – did not close FM.”BBC Three was one of the first UK channels to migrate from being a digital terrestrial channel to being purely streamed via the BBC’s iPlayer service. Yet, it remains one of the exceptions to the rule. Most of Europe’s long-standing broadcasters have dipped more than their toes into the OTT space, but neither the technology nor the viewing culture is quite ready to leave the old linear world behind just yet. Broadcast media is not about to become extinct, and it has not yet made the endangered list.
Broadband providers are engaged in an arms race to deliver ultra-fast services to subscribers. HFC cable network operators are making use of a fast-evolving range of tools to stay ahead of rivals, writes Adrian Pennington.The ‘need for speed’ is dominating the cable operator market as competitors jostle to deliver tomorrow’s Gigabit services for consumer and commercial applications.In order to deal with the expected rapid growth in demand for bandwidth, operators are searching for new technologies and architectures that can help them supply those speeds and new services, using an efficient scalable design, with predictable and controllable cost of ownership. In doing so, they may consider making changes to their headend network, nodes and amplifiers, their service groups sizes, the modulation profile used on different areas of the plant and more. The challenge is to choose the right mix of adjustments that can help them optimise their network and supply their subscribers’ demand.“The evolution of the headend and the Converged Cable Access Platform (CCAP) is a major part of everyone’s roadmap for transformation,” says Sean Welch, VP and GM at Cisco’s service provider business.Most operators have already embraced CCAP and are deploying DOCSIS 3.1 cable modems to enable DOCSIS 3.1 in most service areas. But DOCSIS 3.1 also opened up the possibility for 10G / 4096-QAM services along with a migration from a centralised to a Distributed Access Architecture (DDA). Each cable operator’s roadmap is unique of course, yet all need to begin with some form of digital transformation in their access.Distributed, virtualised architectures are expected to transform cable networks. According to analyst group Dell’Oro, investment in cable infrastructure will reach US$2 billion (e1.8 billion) globally by 2023 to prepare operators for multi-gigabit future services using a combination of extended spectrum DOCSIS, full duplex DOCSIS 3.1 (FDX) and fibre-to-the-home (FTTH).“Transitioning from where we are today into a Distributed Access Architecture is a real accomplishment,” says Welch. “Understanding that there is more than one way to get there is important.”The overall aim is “to make networks more efficient, offer premium bandwidth, and stay ahead of fibre-based competitors,” Dell’Oro research director Jeff Heynen adds.Priority investmentsBroadly, it appears that operators in Europe are focusing their investment in three high-priority areas. The first is low latency DOCSIS for improved gaming support, virtual and augmented reality support and 5G backhaul support. Second is augmented upstream bandwidth capacity, which looks to support higher bandwidth demands in the upstream for video-based IoT devices.Lastly is augmented downstream capacity, with a focus on supporting higher service level agreements for the future.“Operators have many options available to them as they plan for the evolution of their future networks,” says Tom Cloonan, formerly of Arris and now office of the CTO, CommScope. “This includes turning on more DOCSIS 3.1 Downstream OFDM channels, plus beginning to turn on – and adding in additional – DOCSIS 3.1 Upstream OFDMA channels.”Operators are also increasing the average bandwidth capacity to each of their subscribers by using combinations of at least three techniques. These are: increasing the spectral efficiency using the higher QAM Modulation orders permitted by DOCSIS 3.1; increasing channels per Service Group; and decreasing the number of subscribers per service group by performing physical or virtual node splits.The Society of Cable Telecommunications Engineers & International Society of Broadband Experts (SCTE, ISBE), agrees that most upgrades in Europe are focused on increasing the capacity of the Hybrid Fibre-Coaxial (HFC) network, starting by migrating to DOCSIS 3.1 and then utilising node splits when necessary.While still deploying and upgrading their heavy base of Integrated-CCAP systems, many operators are also considering transitions to DDAs where parts of the traditional I-CCAP are moved to the node structure – closer to the subscriber. Remote PHY or Remote MACPHY are the key technologies.Sean Welch, Cisco“Based on our discussions with European operators and ecosystem partners, it is clear that scaling capacity – with DOCSIS 3.1 – in both the upstream and downstream is a priority for 2019,” says Welch.“DAA, and in particular Remote PHY, is a 2019 initiative driven by the need to modernise the analogue optical network that connect hub sites to fibre nodes in the field. Further, deploying IP over fibre in the aggregation network will unleash a compelling opportunity to converge all forms of access traffic – such as mobile, cable, fibre and copper – and operators are excited about this business case.”DDA based on R-PHYBased on discussions with operators it is working with, Finnish tech company Teleste says DDA “seems to offer the next attractive option to enable significantly higher data transmission capacity, attractive quality of service for subscribers, as well as less operational expense”.“Nearly all operators that we are working with are at least investigating DAA technologies,” says Jim Walsh, marketing manager at California-based network test, measurement and assurance vendor Viavi Solutions. “The current status varies from initial investigations to full implementation; in many cases, their deployment pace is being dictated by the maturity of their selected solutions. Some operators see DAA as a long-term enabler of node splits to address bandwidth needs while also enabling virtualisation of their service provision infrastructure, while others see it as more of a short/medium term stopgap solution with FTTH as the inevitable long-term path.”Early trials and limited deployments have begun, with CommScope projecting growth in the penetration of these technologies starting significantly by end of the year.This is something also tracked by Dell’Oro, which expects North American cable operators – such as Comcast and Mediacom – to move from lab and field trials of R-PHY and R-MACPHY to general availability.“Equipment vendors are ramping up production of their node units to meet what is expected to be a major year of deployments in 2019,” the analyst states in a briefing note. “We expect Comcast to use DDA to dramatically reduce service group sizes from an average of 300 to 400 homes to less than 100. Other operators, including Cox and Spectrum, will quickly follow suit.”Early deployments in Europe, at Com Hem and Stofa, have enabled the rollout of DOCSIS 3.1 services, while simultaneously moving away from the operator’s traditional, I-CCAP platforms. “Both operators face significant competition from fibre providers, so they view R-PHY as a stepping stone to either FDX or FTTH,” suggests Dell’Oro.Managing churn and OPEX forms a focal challenge for operators. As acquiring new customers is potentially expensive, investments in providing high quality subscriber experience – including attractive service bundle and high capacity broadband – helps to leverage churn rate and improve cost-effectivity in the longer run.Hanno Narjus, Teleste“R-PHY offers operators real benefits in terms of subscriber experience and it is an excellent option in areas where higher data transmission capacity is needed without long construction times,” argues Hanno Narjus, Teleste’s SVP, network products. “In addition to factors such as increased service reliability, more bandwidth and less latency, the technology enables operators to reduce headend footprint and ensure the availability of their legacy services.”Distributed access is used when fibre transport to the nodes is at capacity, when distribution hubs are very far away from nodes, and/or when distribution hubs are out of space. Further drivers include the desire to bring fibre closer to the home – in order to be better prepared for a FTTx architecture – and a desire to improve signal-to-noise ratios using Ethernet.“The use of Ethernet optics will also offer other benefits, such as permitting operators to multiplex more wavelengths on a single fibre feed,” says Cloonan. “It will also help them to consolidate headends and to tie their HFC plants into virtualised data centres, which would allow cloud computing environments to more easily manage HFC equipment. These transitions should help operators to future-proof their head-ends and HFC plants.”Equipment providers have started to offer Remote PHY products to operators for deployment. However, some operators are choosing to wait for the technology to mature, or for a specific flavour of the products to become available before they begin deployment.Many operators are currently using dense I-CCAPs which still have unused capacity. For those operators the need to upgrade the network may be less pressing. Additionally, an architectural upgrade such as the transition to DAA cannot be taken lightly. A great deal of consideration must go into which access architecture is the best fit, and detailed planning in order to be prepared for the transition from a network readiness, as well as from an operational perspective.Sluggish rollout“Most operators are slow-rolling DDA due to the higher cost and the current rapid evolution of the technology,” says Dean Stoneback, senior director, engineering and standards, SCTE, ISBE.“The technology of remote architectures is still in a rapid state of change as the flexible MAC architecture [FMA] specifications continue to evolve and as FDX equipment enters the market,” says Stoneback. “The uncertainty around the rapid change in technology is most likely slowing down the deployment of remote architectures. Early adoption of remote access equipment is not necessary ‘future-proofing’, as hardware upgrades would require truck rolls.”Teleste’s Narjus also makes the point that “ecosystem-level thinking” and “industry-wide interoperability” between vendors is a must-have before the benefits can be realised.“For both R-PHY and R-MACPHY implementations to succeed in enabling robust multi-vendor field deployments, industry-wide interoperability is needed,” says Narjus. “The question is how operators can safely grasp the opportunities offered by the technology transformation while avoiding vendor lock-in.”Interoperability of distributed access ecosystems has been proceeding slower than anticipated. However, MSOs have been actively driving implementation of CableLabs’ R-PHY standard.“CableLabs has also been providing vendors an invaluable opportunity to test the technology in a multi-vendor environment for some time, and distinct demonstrations of interoperability go on between several CCAP core and RPD vendors as well,” says Narjus.While there are cases of operators focused on new fibre build-outs, DOCSIS 3.1 upgrades and DDA in some cases operators are working on all three technology areas in parallel.“For greenfield opportunities, fibre is generally the option of choice, but for expanding existing networks DAA and DOCSIS 3.1 are generally the focus,” says Walsh. “The two are very often paired – if an operator is considering 1.2GHz downstream extensions and/or converting to 204MHz upstream it often makes sense to align these activities with DAA deployments. The same can be said for headend upgrades to DOCSIS 3.1, these are often coupled with DAA transitions.”Cisco makes the case for Remote PHY with an IP-Ethernet network as the most capable and economically scalable solution that exists. “While network capacity will always be important, the ability to dynamically scale network operations by automating processes, machine learning, network insights, auto-remediation, telemetry, etc will change how we look at it,” says Welch.Observing that “nothing will ever be truly future proof” he asserts that Cisco is the only vendor currently with a FDX-ready Remote PHY node, “where operators can install and operate the node today and then turn-up FDX when they are ready to in the future.”FDX contains within it the capacity to ramp upstream and downstream speeds to 10 Gigabit, speeds which – if companies like Intel are to be believed – will be needed to turbo charge the growing number of devices, vast amounts of data and immersive experiences for home users, let alone business case scenarios.Yet the market itself seems to lag behind that of vendor urgency for symmetrical bandwidth.“It has been raised by some FTTH providers as a competitive differentiator however, to-date, there does not appear to be significant consumer market demand,” says Ralph Brown, chief research and development officer at cable industry technology body CableLabs.“Competition continues to be based largely on download speeds. Symmetrical bandwidth has been more important in serving business customers and cable operators use both DOCSIS and fibre to serve these customers.”Walsh agrees with this reading of the situation: “Outside of a few isolated regional regulatory requirements, demand for symmetrical offerings from cable operators is almost entirely driven by the need for a competitive response to FTTH marketing.“It is expected that future applications will emerge driving consumption closer to symmetrical, but today it is still heavily weighted toward downstream.”Teleste Luminato 4×4 modular headend: the company believes R-PHY offers real benefits.Teleste’s Narjus comes to a similar conclusion: “At the moment are almost no services for which fully symmetrical high bandwidth is actually required and, even today, the network bottleneck continues to be the downstream. However, in some areas FTTH operators have been marketing symmetrical bandwidth to consumers quite intensively, causing a need for cable operators to upgrade their networks in order to maintain competitiveness.”The three main methods to achieve symmetrical bandwidth are FTTP, FDX and extended spectrum DOCSIS (ESD).Toward DOCSIS 4.0While FDX is designed to enable 10G symmetrical speeds, proposals to extend the life of coaxial even further are in motion. DOCSIS 4.0 or Extended Spectrum DOCSIS (ESD) would support symmetrical broadband speeds as high as 30G or even 60G by tapping into more of the cable HFC plant’s available RF spectrum. The concept would allow cable operators to basically triple the 1.2GHz of plant spectrum that can currently be leveraged for DOCSIS 3.1. At 3GHz the spectrum would trump the 1.8GHz of FDX with as much as 6GHz thought possible (10GHz being the physical limit of coaxial).The technique would complement rather than substitute FDX by using Full Duplex DOCSIS hardware while keeping the upstream and downstream spectrum blocks separate.Specifically, this involves using FDX chipsets to raise the spectrum ceiling occupied by upstream traffic to 492MHz or 684MHz while keeping upstream and downstream in separate blocks of spectrum. Downstream spectrum would be pushed above this level and the downstream would operate up to 1.8GHz, in theory.“Vendors and operators are working together to characterize the current HFC plant performance levels and to identify new equipment that can help augment current DOCSIS products,” says Cloonan. “It is expected that these activities could lead to a future Extended Spectrum DOCSIS environment.”CommScope predicts that downstream bandwidths may move to 1.2GHz in the short-term, and then to potentially higher spectral widths (1.8GHz or 3.0GHz or higher) in the more distant future.“Upstream widths will likely move to mid-split – 85MHz – or high-split – 204 MHz – with some operators planning even higher splits of up to 684MHz using FDX-capable technologies or other technologies, such as Soft-FDD [frequency division duplex],” says Cloonan.Detailed analysis of coaxial plant characteristics, tap and drop line characteristics, amplifier, node and consumer premises equipment characteristics will be required to make this happen. Detailed work on power and thermal management is also required for these next-gen systems.CableLabs and SCTE ISBE are working together on proactive network maintenance (PNM) tools and operational practices for DOCSIS 3.1 and FDX.“Without PNM tools, it would be nearly impossible to understand and manage RF impairments and interference since multiple devices will be transmitting RF signals in both directions on the cable at the same frequencies simultaneously,” says Stoneback. “These tools will be used by early adopters to gain experience and optimize future deployments.“In most cases, HFC operators are planning to use FDX or ESD to provide higher upstream rates to the majority of their customers, while utilising targeted FTTP deployments for the highest tier customers.”Cisco acknowledges that fibre may have the advantage today, in terms of symmetrical bandwidth, but notes that it is nowhere near as extensively deployed as DOCSIS networks. “Should there be a race between achieving fibre network coverage parity and deploying FDX, my money would be on FDX,” Welch says. “And I would not mind doubling down on that. Fibre is going to remain being important, but the key takeaway here is that DOCSIS networks continue to innovate. What is important here is keeping focus on the long-term vision. CableLabs set the goal with 10G, and reaching that goal still requires much innovation.”Indeed, CableLabs’ latest initiative is a ‘10G platform’ that will ramp up from the 1 gigabit offerings of today to speeds of 10 gigabits per second and beyondComcast, Charter, Cox, Mediacom, in the US plus Rogers, Shaw Vodafone, Telecom Argentina and Liberty Global are implementing the new 10G initiative, with lab trials underway, and field trials beginning in 2020, according to CableLabs.“While FDX is a fundamental element of the platform, enabling the sharing of spectrum both upstream and downstream concurrently, other technologies will be needed to deliver the full 10G experience,” explains Brown. “One such technology is Full Duplex Coherent Optics, which will significantly increase the value of the currently-deployed fibre infrastructure, boosting capacity to meet the growing demand of broadband customers.”Consensus over the future of the DOCSIS standard will be required to guarantee smooth, industry-wide deployments and the future competitiveness of the technology.Whether it will invest in Extended Spectrum, Full-Duplex DOCSIS or something in-between, the industry can already foresee innovations that could extend the life-time of coaxial cable infrastructure for many years to come.
For more information or to obtain an expression of interest, contact Colin Coyle at the Derry City Council Legacy Departmenton firstname.lastname@example.org or call 028 71 365151 on extension 6975.Volunteer opportunities to help deliver the Summer Song programme can be accessed by contacting Chris Kerr at the North West Volunteer Centre on 2871 271017.SUMMER SONGS – COMING TO A HOME NEAR YOU! was last modified: July 22nd, 2014 by stephenstephen Tags: ShareTweet Mayor Cllr Brenda Stevenson said Summer Songs provided a “unique opportunity” for those who might not be able to get the chance to access live music due to their circumstances or level of mobility.She added: “Summer Songs is a great idea from Derry City Council and one which will help to engage with a number of public members who may sometime feel cut off from the events taking place across the city due to issues with travelling from their care homes.“This programme will now allow them to now be a part of Music City 2014 and the legacy promise from 2013 to engage with all members of the community.”Cllr Stevenson concluded: “From across the city and extending to Strabane, residents of care homes and retirement centres will now get the chance to be a part of the live music experience.” carecityCouncilDerryhomesongssummer Derry City Council is calling for local artists, bands and musicians to help deliver Summer Songs, a programme of musical and arts performances which is to be rolled out to retirement and care homes across the Derry and Strabane area.With funding made available from the European Union’s Peace III programme and in connection with Music City legacy, the initiative will allow for a number of performances across an eight week period, engaging audiences across the community.To be included in the programme, expressions of interest are now being sought with completed forms to be returned by noon on 1 August next.
Tumblr Home NewsWatch CrimeWatch News Fayette County Woman Arrested After Meth Found During Traffic Stop Twitter Facebook Next PostLocal Abandoned Mine Land Projects Awarded Funding Previous Post2018 Class A Baseball All-State Teams Pinterest FAYETTEVILLE– A Fayette County woman is in jail on narcotics charges following a traffic stop.A Fayette County Sheriff’s Deputy was patrolling Gatewood Road, as directed by Sheriff Fridley, after receiving complaints of criminal activity in the area. A traffic stop was made near Cunard Road, for traffic infractions.The driver of the vehicle was found to have a suspended driver’s license. A passenger in the car, Alisha Loeffler (26 of Fayetteville) was discovered with more than 20 assorted pill capsules, one of which tested positive for methamphetamines. Loeffler also possessed 20 clear baggies commonly used for the sale of narcotics. Loeffler, after being searched by a female deputy, was found to have nearly $450 dollars concealed in her bra.Loeffler was arrested and charged with the felony offense of Possession with the Intent To Deliver Narcotics. She was unable to post the $75,000 bond set by the Fayette County Magistrate’s Office and was remanded to the Southern Regional Jail.“Like the public, I am tired of the drug problems in our area,” said Sheriff Fridley. “We are working the county using your tips and calls the best we can. Please keep the information coming.”If you have any information regarding this incident, contact the Fayette County Sheriff’s Department at 304-574-3590, or through our Facebook page “Fayette County Sheriff’s Department,” or you can contact Crime Stoppers of West Virginia at 304-255-STOP. This incident remains under investigation by Deputy C.M. Tomlin of the Fayette County Sheriff’s Department. Linkedin Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at email@example.com Mail Google+ CrimeWatch NewsFeaturedLocal NewsNewsWatch Fayette County Woman Arrested After Meth Found During Traffic Stop By Tyler BarkerJun 05, 2018, 22:51 pm 1990 0 Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website
Home Sports News Sports The 5th Quarter Game of the Week: PikeView @ Oak Hill Facebook Next PostThe 5th Quarter: James Monroe @ Greenbrier West Linkedin Previous PostWeek 6 Football Scoreboard – September 28 Google+ Pinterest SportsSports News The 5th Quarter Game of the Week: PikeView @ Oak Hill By Matt DigbySep 29, 2018, 01:26 am 516 0 Tumblr Twitter Mail Oak Hill, WV (WOAY) – Check out highlights from our Game of the Week between PikeView & Oak Hill! Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read More
Dear Reader,It is with a troubled heart that I sit down to write today, there being reports of casualties in new fighting in eastern Ukraine. I worry, of course, about my friends and students in the country who may well be in physical danger soon, if the conflict escalates. But that’s personal; as an investment analyst, it’s the financial war the Russians seem quite willing to wage that really has my attention.It should have yours as well.As one of the experts in our just-released Meltdown America video noted, the Kremlin had already made moves to dethrone the US dollar as the world’s reserve currency before the renewed East-West tensions of this year. Putin has openly threatened what amounts to economic warfare as a response to sanctions placed on Russia after its Crimea grab.Now bullets are flying—can Putin’s financial ICBM be far behind?Mind you, the US and global economies are on such shaky ground, they could come crashing down without any help from Gospodin Putin.One of the things that really struck me while watching Meltdown America was the way the writing was clearly visible on the wall in past cases of financial collapse and hyperinflation—but no one wanted to believe it.That’s the way I see the US today. Life seems so normal and there’s so much wealth even in poorer regions, it’s hard to believe the cracks in the foundation could really bring down everything built on it. And that’s exactly why the cracks never get fixed; people don’t want to see them, and politicians do everything possible to deny they exist. So they widen and deepen until the collapse becomes inevitable—and I believe we have already passed the point of no return.It’s just a matter of time now.Gloomy thoughts indeed, but I’m not here to depress anyone. Hopefully, I can help deliver a wake-up call, as per our Meltdown America video. Perhaps even more useful, I can tell you what I’m doing about it.As you probably know already, precious metals are a key part of my strategy. As Doug Casey likes to say, gold is the only financial asset that is not simultaneously someone else’s liability. It’s solid value you can hold in your hand, and come what may, use to store and protect wealth, as well as to make payments when all other systems fail.Again, as Doug says, I buy gold for prudence and gold stocks for profit. If I’m right about the economic trouble ahead, gold will protect me, and my gold stock picks will make me a fortune. This is why we focus so much on precious metals and related mining stocks in these Metals & Mining Monday daily dispatches. Fear not; we’ll have plenty more relevant ideas and actionable information in future editions.But Doug also says that our biggest risk today is not market risk; it’s political risk. He has moved to rural Argentina to get out of harm’s way. He’s picked a beautiful place, and I had intended to move to Cafayate myself, but then I got married… and plans changed. Specifically, I need to remain in the US for some years to come.So instead of expatriating, I’ve moved to Puerto Rico, a US territory that is rapidly becoming the only tax haven that matters for US taxpayers.People keep asking me why I chose Puerto Rico and if I’m happy with my choice, so I’ve decided to skip writing about metals this week and write instead about my move here. It’s a break from tradition, but one I hope will provide as much value as anything I could write about rocks at this time.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research Oil96.8593.1384.96 Gold Producers (GDX)24.4928.5044.77 Silver Stocks (SIL)11.7213.8318.61 Gold Junior Stocks (GDXJ)9.1611.5919.21 Copper3.053.303.50 One Year Ago One Month Ago Silver19.6622.4527.61 Gold1,235.301,391.801,604.20 Rock & Stock StatsLast TSX (Toronto Stock Exchange)12,129.1112,732.6111, 596.56 TSX Venture881.40953.711,190.99 How I Intend to Survive the Meltdown of AmericaAs I type here in my new home office, I glance up and see waves of Caribbean blue crashing on the palm-lined beach. Surfers are out in force. Scattered clouds add to the already amazing variety of colors in the ocean. I wonder if I will have time to go for a swim before dinner—and I’m amazed yet again to think that it was a shot at lower taxes that brought me here to Puerto Rico.It seems almost unnatural for me to be able to enjoy so much beauty while saving money, but that’s exactly what I’m doing.The view from my new home office.You see, the economy here never really recovered from the crash of 2008. This is very bad news for long-suffering Puerto Ricans trying to make ends meet. When I first came here with my wife to check the place out, locals kept asking us why we were thinking of moving here; jobs are scarce, and something of an exodus is taking place in the opposite direction (Puerto Ricans are US citizens and can travel and work freely anywhere in the US).But I wasn’t coming to Puerto Rico to sell hot dogs. My income doesn’t depend on the local economy, so its woes are an obvious opportunity for a contrarian speculator like me.Take the most simple and basic asset class one can invest in as a Puerto Rico play: real estate. The market has been so devastated that million-dollar condos are selling for half price. When we closed on our new place, the seller came up short, and we had other options, so we weren’t willing to pay more. The real estate agents involved were so eager to keep the deal from falling through, they kicked in with their own money to help the seller out.Personally, I’m not a big fan of gated communities, but for people who are concerned about possible social unrest in the future, it’s good to know that you can buy properties in some of the most posh and secure communities on the island with no money down.Now, as much as I like a contrarian bargain, and as much as my wife loves the tropical weather, what really brought us here were the new tax incentives the government of Puerto Rico enacted to make the island more attractive to investors and employers.The critical point here is that Puerto Ricans are exempt from US federal income taxes, even though they are US citizens. They pay Puerto Rican taxes, of course, and those have generally been similar to US taxes, so the island has never been seen as a tax haven before. That all changed in 2012, when Puerto Rico passed Acts 20 and 22.Act 22Act 22 is basically a 100% capital-gains tax holiday designed to attract investors to come live in Puerto Rico. Exactly what is included or excluded is beyond the scope of this article, but for me, the important thing is that it covers the stocks I already owned when I moved here on January 1, 2014. Given that the market bottomed at almost the same time, I have no gains to be taxed on for 2013, and will not be taxed for the gains I make going forward—all the way to 2036.This alone was worth the move to Puerto Rico, in my opinion.Happily, the application process was simple. My wife downloaded the form and filled it out. I signed it, and a couple weeks later, we got an official tax holiday decree in the mail—no questions asked. I had to accept the conditions of the decree in front of a notary and send in an acceptance form with a $50 filing fee, and that was it. Didn’t even have to hire a lawyer.This tax break is not available to current residents of Puerto Rico—it’s designed to attract wealthy people to come live on the island, after all—but it’s available to all others who move here, including but not limited to US taxpayers.Act 20Act 20 is a tax break on corporate earnings designed to incent job creation in Puerto Rico. The idea is to persuade US employers who might set up call centers in India, or create other similar jobs abroad, to do so closer to home, by offering them a 4% corporate earnings tax rate.My fellow Casey Research editor Alex Daley has moved to Puerto Rico as well, and we’ve formed a company here that exports writing and analytical services to Casey Research in Vermont. This is the basis of our application for Act 20 tax benefits, which has not been approved yet, but which we understand is close.If we get our Act 20 decree approved, we’ll still have to pay regular income taxes on our base salaries, but the lower tax rate applied to our corporate income will result in a drastically lower total income tax rate for us as individuals.I’ll be sure to let readers know when we get our Act 20 decree approved.All 100% LegalThe beauty of this is that Puerto Rico’s tax breaks are not shady tax dodges set up by entities of questionable legality or trustworthiness, but perfectly legal tax incentives within the US.Act 20 and Act 22 benefits are available to non-US persons, but they are especially important to US taxpayers because, unlike almost every other country in the world, the US taxes its serfs citizens whether they live in the US or abroad.In other words, while a Canadian can get out of paying Canadian income taxes by moving out of Canada, a US person cannot escape US taxes by moving to Argentina, or anywhere else—anywhere besides Puerto Rico.It’s like expatriation without having to leave the US, truly a unique situation.And it’s a win-win situation; people like us bring much-needed money, ideas, and energy to the island, while getting to keep more of what our crisis-investing strategy nets us. We create jobs, rather than take them. We are part of the solution here, and we’ve been made very welcome.Is It Safe?So that’s why I’m here. Whether or not my Act 20 status gets approved, I’m so happy about my Act 22 decree that I’m convinced we did the right thing moving here.When I tell people what I’ve done and why, most get immediately excited by the idea—and then they balk. The first question they ask is usually: What about crime?Puerto Rico isn’t a large island, and a good chunk of its three million inhabitants are clustered in and around the capital city of San Juan. Of course there is crime here, as there is in any large city. There are places I would not walk alone at night—just as there are in New York City.Mexico City, Buenos Aires, La Paz… the capital of any other Latin American country or Caribbean country I’ve been to is much larger, more polluted, and more dangerous than San Juan. In my subjective view, San Juan, with its old Spanish fortifications and amazing beaches, is more beautiful. And you can drink the water here.Sure, it might be cleaner and safer in Palm Beach, Florida—but it’s a lot more expensive there, it has less charm, and there’s no Act 20 nor 22. It’s a matter of priorities.When I say this, most people remain skeptical; they read about the economic problems Puerto Rico has and the financial trouble the government is in, and they wonder if things could get worse.Of course they can—but if Doug is right about The Greater Depression about to envelop the whole world, things are going to get worse everywhere.Here at least, people are already used to massive unemployment. It won’t come as a shock; it’s never left since 2008.Another way of looking at it is that since tropical storms hit the island from time to time (southern Florida is much more prone to major hurricanes than Puerto Rico, but they do happen), people here are more prepared for disasters than in many other parts of the US. The better apartment buildings and hotels have their own electricity generators. Nobody can freeze to death here, anyway, and fruit trees grow all over the island.There’s a lot more I could say, but the bottom line is that I think Puerto Rico is a much better place to ride out a global financial storm than Miami, or Anchorage, or almost any city in between. A self-sustaining farm in rural Alabama might be better, but that’s not the sort of place I want to live.I Like It HereThat last is an important point: if I have to hunker down to ride out an economic storm, it should be in a place where I like being.Puerto Rico is beautiful and bountiful year-round. I speak Spanish, but most people in San Juan are bilingual, so that’s not really an issue. Our new flat is blocks from the best schools, shops, and restaurants in town—and even the hospital.I open the window and the fresh air coming off the ocean carries the sound of waves, sometimes laughing children. There’s more noise pollution during the day, but at night, the city calms down, and we can hear the famous Puerto Rican coquí frogs, which my daughter calls “happy frogs.” Ten floors up, the ocean breeze is cool enough that we have yet to turn on the air conditioning.The beaches are fantastic, and the clear water makes for great diving. I’ve never been a surfer, but the waves here are famous too, so I’m thinking of trying it out. There’s no end of other things to try out, and the neighboring islands have their own charms to offer as well.Granted, my wife and I try to be smart about what we do and where we go, but we’ve never felt unsafe here—well, apart from the crazy drivers.We like it here. We’re happy. For tax reasons, for quality of life, and with the potential meltdown of America in mind, we’re glad we made the move.Find Out MoreDoug Casey’s International Man Editor Nick Giambruno, Alex Daley, and I have coauthored a special report on Puerto Rico’s stunning new tax advantages. The report gets into all the details I didn’t have time or space for here. We cover all the specifics of what, why, and how. The report includes links to the forms you need, as well as recommended resources, from lawyers to realtors.Whether you’re thinking about expatriating or you’re just tired of paying high taxes, I think Puerto Rico is a place you should consider. I know of no better resource to help you get started than our special report.For your own health, wealth, and enjoyment, I encourage you to get your copy today.Gold and Silver HEADLINESPalladium Bulls Prepare for a Run (CNBC)As we’ve pointed out for some time, this article reminds us that the fundamental reasons for higher palladium prices are in place. Supply is squeezed from both major-producing countries South Africa and Russia, while overall demand is growing, especially automobile demand.South Africa, which produces about 70% of the world’s palladium, continues to suffer from labor strikes. Russia, the second-largest producer of the metal, has unresolved tensions surrounding the sanctions and may cut its supply.Meanwhile, the demand for the metal (which is used for catalytic converters in gasoline cars) is poised to expand, driven by robust increases in auto sales in major markets, especially in the US and China.The ongoing disruption between supply and demand is the reason for our bullish views on palladium.Dubai Gold Trade Reached $75 Billion in 2013 (Mining.com)A hefty $75 billion worth of gold, or about 40% of the world’s physical bullion exchanged, was traded through Dubai last year, said Ahmad Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre (DMCC). This is an incredible twelvefold growth, compared to $6 billion worth of the precious metal traded in 2003, when the DMCC started its operations. Global demand fell 15% last year, but Dubai showed near-record consumption demand growth.Dubai had become one of the world’s major gold trade centers in the past decade, and will increase its trade volumes further, said US-based analyst John Hathaway.The blossoming of Dubai’s gold trade reveals “a significant shift in the balance of global demand flows”—namely, the shift in demand from the West to the East. There are other reasons for the growth in Dubai, including trade transparency, its strategic location, and a rising number of tourists.Matchmaking Miners and China’s $7 Trillion in Saving (Mining.com)Australian media reminds us that Asian investors have huge amounts of cash. In 2013, the Chinese had US$7 trillion in savings. Some of this could make its way to mining and other hard assets.It’s common knowledge that China is hungry for iron ore and other metals, including precious metals. Just last year, Chinese overseas investment totaled $61.6 billion at the end of September, a 17.4% year-on-year increase. For 2014, China’s authorities expect overseas investment to continue growing at double-digit rates.In 2013, the worst year for global-mining mergers and acquisitions in nearly a decade, China accounted for nearly 14% of all mining M&A activity by value, outpacing Canada, Australia, and the United States. PricewaterhouseCooper’s latest outlook suggests that Beijing’s share of global mining deals is set to grow again this year.Recent News in International Speculator and BIG GOLD—Key Updates for SubscribersInternational SpeculatorThe news of a fourfold plant expansion and upcoming low-cost figures validate our renewed confidence in this company.This explorer just arranged an earn-in joint venture, which could provide significant cash flow in a relatively short period of time. This is a win-win for us shareholders.BIG GOLDAs the bidding war for Osisko continues, only one stock is rated a Best Buy of the companies involved.
This third chart shows in one simple yet powerful way exactly why Doug loves buying these stocks when they’re on sale and selling them when they go into bubble mode. ATAC essentially did nothing and still shot up over an order of magnitude more than gold. Note that while this third chart looks like the second, the scales are quite different. (ATAC, by the way, is part of my special report, 10-Bagger List for 2014, that details nine companies I believe could show 1,000% or more returns this year. Note that the report was written before the big move upward you see in the chart above.)It’s worth emphasizing that ATAC’s performance this year is just on a rebound from recent lows—imagine what a stock like this could do when Doug’s super-bubble for gold stocks arrives.But what if it doesn’t? Or worse—what if we already missed it?I remember a conversation with Doug back in 2011, when gold rose to within reach of $2,000 per ounce. Many mainstream analysts said gold was in a bubble. I told Doug I couldn’t understand why anyone would listen to analysts who’ve called the gold trend wrong every year since the current bull cycle started. I remember Doug chuckling and saying: “Just wait and see—this is barely an overture.”I am certain Doug is right. That’s not because he’s the guru, nor because I’m a nutty gold bug, but because no government in history has ever multiplied its currency base without sparking serious and often fatal inflation. That’s a fact, not an opinion, backed by enough data to make me extremely confident in predicting what lies ahead for the US dollar, even if I can’t say exactly when we’ll reach the tipping point.Since that 2011 interim peak, as we all know painfully well, gold has backed off on par with the correction in the middle of the great 1970s gold bull market. But economic realities require that the market turn around and head for his long-predicted super-bubble in junior mining stocks before too long. That makes the correction the last, best time to build a substantial position in the stocks best positioned to profit from the coming bubble.And now Doug is saying that he believes the upturn is at hand. He expects a steadily rising market for a year or two, perhaps more, but not many more, culminating in a market mania for the record books.Our market does appear to have bottomed. It may take a while to go into its mania phase, but it’s already heating up. No one is going to want to be short when this train leaves the station—and the conductor has blown the whistle.To find out what you could be missing if you don’t invest in junior mining stocks right now, watch Casey Research’s recent video event, Upturn Millionaires—How to Play the Turning Tides in the Precious Metals Market. With resource and investment experts Doug Casey, Frank Giustra, Rick Rule, Porter Stansberry, Ross Beaty, John Mauldin, Marin Katusa, and myself. Watch it here for free, or click here to find out more about my 10-Bagger List for 2014. Here’s one more, with a particularly telling point to make. This is the stock price of ATAC Resources (ATC.V) over the same time period as the chart above. The point I want to draw your attention to is that the company had no major news during the time period shown. It’s a Yukon gold play, buried deep under the famous snows of the Great White North, so there’s no exploration under way, and there won’t be until the snow melts weeks or months from now. In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble.Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a very real potential for hyperinflation in the US.Ben Bernanke’s panicked deployment of squadrons of cash-laden choppers has been emulated around the world. The Bank of International Settlements estimates that global debt markets now exceed $100 trillion.The laws of economics—maybe even physics—say that this inflation, whenever it arrives, must have consequences… and that those consequences cannot be avoided forever.The easiest consequence to predict, and the one we’re betting heavily on, is that the price of gold will move higher. Much higher. That move will in turn ignite a bubble in gold stocks and, as Doug likes to say, a super-bubble in junior gold stocks.Jeff Clark, editor of our BIG GOLD newsletter, recently illustrated what such a super-bubble can look like, citing figures from several historic bull markets. I hesitate to repeat any of his figures because the right junior stocks’ gains when the market goes bubbly are, frankly, hard to believe. However, it is a fact that quite a few junior stocks achieved the much-vaunted 10-bagger status (1,000% gains) in previous bubbles, and some even returned 100-fold.Here’s the essential reason why junior mining stocks are Doug’s favorite speculations.Let’s start at the beginning: Doug’s mantra is that one should buy gold for prudence and gold stocks for profit. These are very different kinds of asset deployment.It’s particularly important not to think of gold as an investment, but as wealth protection. It’s the only highly liquid financial asset that is not simultaneously someone else’s liability. Every ounce of gold you physically possess is value in solid form—there is no short to your long. Come hell or high water, it is value you can liquidate and use to secure your needs. That’s why gold is for prudence.Gold stocks are for speculation because they offer leverage to gold. This is actually true of all mining stocks and, more broadly, of stocks in commodity-related companies; they all tend to magnify the price movements in the underlying commodity. But the phenomenon is especially strong in the highly volatile precious metals.Allow me to illustrate—and in an effort to avoid seeming overly promotional, I’ll show how gold stocks’ leverage works on the downside as well as the upside. Bad news first: here’s a chart showing how gold retreated during October and November of 2008, the worst two months of that year’s crash for mining stocks. Also shown are an index of gold juniors and our own portfolio performance. This was, of course, a terrific time to buy, resulting in spectacular gains over the next two years. Now the good news: here’s a chart showing the performance of the same three things in January and February of this year, which saw a major rally in the gold sector.
In This Issue. * US data turns the dollar around… * FOMC begins their much anticipated meeting… * AUD rallies but then does a 180… * Gold claws higher in front of FOMC… And Now. Today’s A Pfennig For Your Thoughts. The dollar does an ‘about face’ on disappointing US Data … Good Day! Chuck is headed down to the southeast coast of Georgia this morning so I will get to share my thoughts with all of you readers over the next few days. Many of the ‘traders’ seem to be taking a few days off as everyone awaits the results of the two day Fed meeting which begins today. I don’t expect to see too many new positions put on by investors until after we get some ‘guidance’ from Fed Chair Janet Yellen on how quickly she and her compatriots are going to ratchet up interest rates here in the US. But as Chuck told all of us yesterday, the week is full of data in addition to the FOMC meeting, and some of that data did move the markets yesterday. The US dollar reversed its march higher yesterday after data showed US industrial production unexpectedly dropped in August. Chuck sent me this note regarding yesterday’s data: I was working in my office and not on the trading desk yesterday, so I didn’t see the Industrial Production number as it printed. And by the time I saw it, the markets must have just shrugged it off. I walked out to the desk and the currencies and Gold were trading about the same as they were when I was out there in the early morning, writing the Pfennig. What gives? Industrial Production for August fell -.1% (consensus was for .3% gain). And, July’s previous print of +.4% was revised downward to +.2%… And to top it off, Capacity Utilization fell from 79.1% in July to 78.8% in August! A look under the hood revealed that there was a .4% drop in manufacturing activity in August, which is, as the spin doctors like to explain it, merely a reflection of slower motor vehicle output, after an outsized increase in July. I prefer to refer to this as the “QE tapering effect”. Yes, after all this time, after all this money added to the system, all this excess liquidity in the markets, we’re beginning to see the effects of taking it away. And this is why I believe the Fed will be back to the QE Table before too long. Chris again.. As Chuck stated, the markets had a bit of a ‘delayed reaction’ to this data; as if they maybe didn’t believe the numbers. But over the course of the day the dollar continued to drift lower. Perhaps it was due to the extreme long position the market has on dollars right now. And moves were also muted by the upcoming FOMC meeting. Right now just about everyone believes the US dollar will continue to strengthen through the end of the year, and with everyone on one side of the trade any indication that it may be the wrong side can cause some of these investors to get a bit worried about being in such a crowd. All of these long positions on the dollar could possibly restrain further gains in the dollar going forward; but the FOMC will have a lot to say about that. Chairman Yellen kicks off two days of meetings today in what has become one of the most anticipated Fed meetings this year. The end of the bond buying is a foregone conclusion, but investors are now focusing on the language which will be used in the statement which will be released tomorrow afternoon. The statement has contained the words ‘considerable time’ for a considerable amount of time, and most Fed watchers believe these words will be removed tomorrow. These words have provided some comfort to the markets, as they assured investors that a steady stream of liquidity would give the markets a rising tide to float them higher. But the Fed is now expected to pull this ‘security blanket’ away and replace them with some indication on when rates will start moving higher. Instead of leaving the timing open ended, the Fed is now expected to tie their next move to a combination of labor market readings and inflation expectations. But I still believe any interest rate increase is still a year away; and yesterday’s data showing the US manufacturing sector is still not firing on all cylinders certainly doesn’t bode well for those who expect an increase in interest rates as early as next spring. While we are talking about the Fed, I read yesterday that they have created a new committee on ‘financial stability’. The committee, headed by Fed Vice Chairman Stanley Fischer has been tasked with making sure important parts of the financial sector do not overheat. Many believe the Greenspan and Bernanke policies of the past were exactly what led to many of the largest asset bubbles which the Fed has now formed a committee to pop! I’m sure many of you will not be surprised by this latest committee, as it is another sign of a much more ‘active’ Fed. The pound sterling joined with the dollar in moving lower yesterday and actually fell to the weakest point this year vs. the US$ after a report showed UK inflation has slowed to the lowest level in five years. CPI in the UK fell to 1.5% from 1.6% in July according to data released yesterday. This disappointing number sparked selling of the pound sterling as investors already on edge regarding the Scottish independence vote dumped the currency. The BOE will release minutes of its most recent policy meeting tomorrow, and some had been expecting to see an indication that interest rates will be heading higher in response to an improving British economy. But the recovery has been overshadowed recently by the independence vote in Scotland. The pound has fallen over 3 percent in the past month as polls showing Scotland may vote to split from the UK weighed on investor sentiment. The latest numbers indicate that the vote will be close, but my gut tells me Scotland will remain part of the UK. The Australian dollar began to show some signs of life yesterday after the release of the RBA minutes which pointed out that rates will remain stable for the time being. The Aussie dollar had been selling off due to the thought that the RBA may be leaning toward a rate cut as the Australian economy struggles to gain a foothold. But the positive feelings for the AUD quickly reversed in overnight trading and it is moving lower again this morning. Perhaps investors read through the minutes of the Australian central bank meeting again and focused on the RBA’s statement that the relative strength of the currency is a drag on the economy since it has remained “above most estimates of its fundamental value.” Investors may now be worried that these words foreshadow further efforts to ‘jawbone’ the currency lower in order to protect exports. Brazil’s real dropped for a sixth straight day as investors try to handicap the presidential election. President Dilma Rousseff is currently locked in a very tight race with opposition candidate Marina Silva. The real will continue to be volatile as investors eagerly await the next poll to try and guage who will win. The first round of elections is set for October 5th and most expect the first round to result in a runoff between Rousseff and Silva which would occur on October 26th. The Brazilian economy continues to struggle, and the central bank is currently ‘on hold’ until after the elections which will determine the future path of economic reforms and the possibility of further government intervention in the currency markets. Rousseff has seen a downgrade of Brazil’s credit rating and the economy has slowed during her administration. But inflation is starting to fall which could give the new administration some room to lower the benchmark interest rates in order to stimulate the economy. But these relatively high interest rates are all that are keeping many investors interested in the Brazilian currency, so a move lower could have a detrimental impact on the real. Gold added to the small overnight gains this morning as investors prepare for the start of the FOMC meeting. Gold investors, like everyone else, are focused on whether Fed Chairman Yellen will be taking a more ‘hawkish’ tone in tommorow’s announcement. Many have been betting the Fed will signal a willingness to raise rates sooner than the mid-2015 estimate which most have. Higher rates sooner would be another drag on precious metals, as it raises the carrying costs of metals and also makes alternatives more attractive. But if the rates are rising because of rising inflation, well that would be a good thing for commodities and precious metals. I have to think Gold will continue to face selling pressure in front of the meeting, as most investors believe we will see Yellen take a slightly more hawkish tone. But these sell-offs could be a good time to add to positions, as the Fed Chairman has a long history of wanting to error on the side of accommodation instead of risking choking off what appears to be a fairly fragile recovery. For What it’s Worth. Ty Keough knew I was writing the Pfennig this morning, and sent me a story he came across in the NY Times which he thought would be some good Pfennig Pfodder, and I agree! The story is actually an oped piece written by Jared Bernstein back on August 27, 2014. Readers of the Pfennig know that Chuck believes the US$ is in serious danger of losing its reserve currency status. And in this Op Ed Mr. Bernstein takes the position that this is not necessarily a bad thing. I’ll share some of what I consider the highlights of the piece, but you can read the full op ed at the following: http://www.nytimes.com/2014/08/28/opinion/dethrone-king-dollar.html?AID=3818&_r=1 . …After all, who wouldn’t want their currency to be the one that foreign banks and governments want to hold in reserve? But new research reveals that what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status. …It is widely recognized that various countries, including China, Singapore and South Korea, suppress the value of their currency relative to the dollar to boost their exports to the United States and reduce its exports to them. They buy lots of dollars, which increases the dollar’s value relative to their own currencies, thus making their exports to us cheaper and our exports to them more expensive. …If trade-surplus countries suppress their own consumption and use their excess savings to accumulate dollars, trade-deficit countries must absorb those excess savings to finance their excess consumption or investment. Note that as long as the dollar is the reserve currency, America’s trade deficit can worsen even when we’re not directly in on the trade. Suppose South Korea runs a surplus with Brazil. By storing its surplus export revenues in Treasury bonds, South Korea nudges up the relative value of the dollar against our competitors’ currencies, and our trade deficit increases, even though the original transaction had nothing to do with the United States. …Dethroning “king dollar” would be easier than people think. America could, for example, enforce rules to prevent other countries from accumulating too much of our currency. In fact, others do just that precisely to avoid exporting jobs. The most recent example is Japan’s intervention to hold down the value of the yen when central banks in Asia and Latin America started buying Japanese debt. Of course, if fewer people demanded dollars, interest rates – i.e., what America would pay people to hold its debt – might rise, especially if stronger domestic manufacturers demanded more investment. …Others worry that higher import prices would increase inflation. But consider the results when we “pay” to keep price growth so low through artificially cheap exports and large trade deficits: weakened manufacturing, wage stagnation (even with low inflation) and deficits and bubbles to offset the imbalanced trade. But while more balanced trade might raise prices, there’s no reason it should persistently increase the inflation rate. We might settle into a norm of 2 to 3 percent inflation, versus the current 1 to 2 percent. But that’s a price worth paying for more and higher-quality jobs, more stable recoveries and a revitalized manufacturing sector. The privilege of having the world’s reserve currency is one America can no longer afford. Interesting slant on the whole question of reserve currency status, and while I don’t necessarily agree that reserve status is a ‘burden’ I agree with Chuck that there is a good possibility that this ‘burden’ will be lifted from the shoulders of the US sometime in the not too distant future – thanks to China. The largest worry for me is the impact of higher interest rates which would likely accompany the loss of reserve currency status for the US. With the staggering amount of debt the US has accumulated, any increase in interest rates demanded by investors would have a very dramatic effect on the US’s very fragile fiscal situation. To recap. Disappointing US data sent the dollar lower, but it has steadied this morning as the long awaited FOMC meeting begins. Investors await the statement, with expectations that the ‘considerable time’ wording with regard to low rates will be removed, but what will it be replaced with? The Pound Sterling fell as the latest inflation report showed prices are not moving up as fast as before. The RBA released minutes from their last meeting which at first rallied the AUD but this uptick was quickly reversed. The Brazilian real moved lower on election worries and gold actually caught a bit of a bid overnight as investors await the FOMC meeting. Currencies today 9/16/14. American Style: A$ .9027, kiwi .8163, C$ .9077, euro 1.2946, sterling 1.6196, Swiss $1.0719. European Style: rand 10.955, krone 6.3923, SEK 7.1342, forint 242.70, zloty 3.2413, koruna 21.272, RUB 38.681, yen 107.12, sing 1.2610, HKD 7.7511, INR 61.055, China 6.1462, pesos 13.22, BRL 2.3401, Dollar Index 84.21, Oil $92.80, 10-year 2.57%, Silver $18.67, Platinum $1,359.00, Palladium $833.75, and Gold. $1,234.88 That’s it for today. I was anxiously watching last night’s football game, as I have Andrew Luck as my quarterback and needed him to post at least 10 points in order to remain undefeated in our FFL. Luckily he had scored that by halftime, so I got to get some sleep before waking up a bit earlier than usual in order to get this Pfennig out. Both Chuck and Frank will be hitting the road this week and will have an exciting announcement for everyone – you’ll have to wait until Friday to hear the big news as I don’t want to steal their thunder! With that little tease I will go ahead and put a bow on this one and hit the send button. I hope everyone has a Terrific Tuesday, and thanks for reading the Pfennig. Chris Gaffney, CFA Vice President EverBank World Markets
The University of Alabama says they’re taking special steps following a rash of robberies in and around campus.In a letter to students and faculty Sunday, UA said the school is working with the Tuscaloosa Police Department in the hopes of finding those responsible for the crimes.In addition, the University of Alabama Police Department is increasing patrols in off-campus areas.Since the beginning of the year, the university has sent out six messages warning students, faculty and staff of crimes reported near campus.Read the full letter below:To all students, faculty and staff:Like you, we are concerned about the multiple robbery and theft attempts that have occurred off campus, but within close proximity to our campus over the last few weeks.We want to assure you that The University of Alabama Police Department (UAPD) is working diligently with the Tuscaloosa Police Department to address this problem. Without divulging information about current and ongoing TPD investigations, I can tell you we are both doing everything we can to keep our students safe on and off campus. In addition to UAPD’s normal patrol responsibilities on campus, we have also increased our patrols off campus to supplement TPD’s efforts.While we work to apprehend the individuals responsible, we encourage all members of the UA community to be aware of your surroundings after dark, travel in groups, keep your car doors locked and make sure your house or apartment is locked as well. Crimes such as these are usually crimes of opportunity.We have a variety of initiatives in place year-round to help our students and our community remain safe. Here are a few safety and security resources you may find helpful:UAPD: https://police.ua.edu/: For police assistance, or to report a crime or suspicious incident, please call the University Police at (205) 348-5454, 24 hours a day, 7 days a week.Safer Living Guide: https://saferliving.ua.edu/ (an online guide that provides safety information and services offered by UA)Rave Guardian App: https://www.getrave.com/login/ua (free service that allows you to turn your mobile phone into a personal alarm beacon)UA Safety App: https://ready.ua.edu/safety-app/ (provides students and employees with immediate access to information in case of an emergency)UA Alerts: https://www.ua.edu/alerts/UA Office of Emergency Preparedness: https://ready.ua.edu/UA Advisories: https://police.ua.edu/advisory/ – link to on- and off-campus crime advisoriesCrime prevention and safety programming: UAPD offers a variety of crime prevention and safety programming. To schedule a program, contact Community Services at (205) 348-8361 between 8 a.m. and 3 p.m. weekdays.UAPD and TPD are working steadfastly on this problem, and we ask that you report any suspicious activity to us immediately. We appreciate your assistance.John HooksChief of PoliceUniversity Police Department The University of AlabamaUniversity Police Center Box 870180 Tuscaloosa, AL 35487Phone 205-348-5400 | Fax 205-348-9405 firstname.lastname@example.org | http://police.ua.edu
Christopher Cornelius Pearson A man is facing murder charges after the death of his girlfriend’s 1-year-old child.Just before 7 a.m. Friday, Northstar EMS, Tuscaloosa Police, and Tuscaloosa Fire Rescue responded to Creekwood Village Apartments on a possible drowning. They found the 1-year-old child unresponsive, and he was taken to DCH Regional Medical Center, where he was pronounced dead.Christopher Cornelius Pearson, 27, told police he was giving the child a bath while his girlfriend was at work when he left the water running and walked out of the bathroom.When Pearson came back, he said he saw the child almost completely underwater and began CPR while waiting on assistance to arrive.Investigators said they gathered enough evidence to charge Pearson with murder. He’s been placed in the Tuscaloosa County Jail on a $150,000 bond.CHILD DROWNING- Christopher Cornelius Pearson, 27, is being charged with the murder of his girlfriend’s son Omario Jones-Pearce, who he says drowned in a bathtub at Creekwood Village Apartments this morning. Pearson is being held in the Tuscaloosa County Jail on a $150,000 bond. pic.twitter.com/7kGsa5RgcS— Chelsea Barton (@ChelseaBarton_) June 14, 2019
MIAMI — The former owner of a South Florida anti-aging clinic pleaded guilty on Thursday to charges of illegally providing performance-enhancing drugs to athletes including high-profile Major League Baseball players, most notably New York Yankees star Alex Rodriguez.Anthony Bosch, former owner of the Biogenesis of America clinic in Coral Gables, pleaded guilty to conspiracy to distribute testosterone before U.S. District Judge Darrin P. Gayles. Bosch, who was not a medical doctor yet called himself “Dr. T,” faces a maximum 10-year prison sentence but is likely to get far less because of cooperation with prosecutors and with MLB’s investigation into player drug use.“The message is clear: Cheating doesn’t pay and individuals like Bosch, who distribute performance-enhancing drugs to athletes and, more importantly, to our children, will be held accountable for their actions,” said Miami U.S. Attorney Wifredo Ferrer, noting that some customers were high school age.Defense attorney Guy Lewis said Bosch, 51, provided key information to MLB investigators that led to the suspension of 14 players, including the record season-long suspension handed to Rodriguez for this past year. Bosch also met numerous times with federal prosecutors and U.S. Drug Enforcement Administration agents, Lewis said.“He was faithful in terms of appearing each and every time he was requested to,” Lewis said. “Each and every time he appeared, answered questions, and was available.”Rodriguez has denied taking illegal substances while with the Yankees but did admit to doing so earlier in his career with the Texas Rangers. He remains on the Yankees’ roster for next season.MLB previously sued Bosch and his clinic but withdrew the lawsuit in February. The league accused Bosch and others with conspiring to violate player contracts by providing them with banned substances.In a plea agreement, Bosch admitted to providing testosterone to baseball players, from professionals to high school athletes. Six other people are charged in the case, and Bosch has agreed to testify against them if they go to trial.“We are quite satisfied with what he promised he would do,” said Assistant U.S. Attorney Michael “Pat” Sullivan.Sentencing for Bosch is set for Dec. 18.CURT ANDERSON, AP Legal Affairs Writer_____TweetPinShare0 Shares
MANCHESTER, England (AP) — Premier League champion Chelsea will be the first visitor to Tottenham’s temporary home of Wembley Stadium as part of a tough-looking start to its title defense.The Premier League schedule for the 2017-18 season was published Wednesday, with Chelsea playing Burnley at home in the opening round in mid-August.It then gets more difficult for Antonio Conte and his team, which takes on Tottenham in the second round before games against Leicester away and Manchester City, Arsenal and Everton at home as part of their first seven games.Tottenham, which was runner-up to Chelsea last season, is playing its home games in the Premier League at Wembley this season while a new stadium is being constructed on the site of the club’s old White Hart Lane.Tottenham lost to Chelsea in an FA Cup semifinal match at Wembley last season, and also lost two of its three games at the national stadium in the group stage of the Champions League.Its poor record at Wembley has raised questions about whether playing there will hamper the team’s title chances, at a time when Tottenham has perhaps its best lineup in a generation.Fourth-placed Liverpool is set to play an away game against Watford on opening day.The Manchester derbies between United and City are on the weekend of Dec. 9-10, at Old Trafford, and the weekend of April 7-8, at Etihad Stadium.There will be a typically intense schedule of games over the Christmas period, with teams potentially facing four matches in nine days from Dec. 23-Jan. 1.In the opening round, Brighton’s first ever Premier League game is at home against Man City, while Huddersfield’s first top-tier game since 1972 is at Crystal Palace. Newcastle, the other promoted club, starts out at home against Tottenham.West Ham faces playing its first three games away from its home at the London Stadium — the centerpiece of the 2012 Olympics — because the venue will be hosting the world athletics championship from Aug. 4-13.West Ham’s first home game is scheduled for Aug. 19 against Southampton but the stadium will not be ready to host soccer matches at that time. The club said the game will be rescheduled, potentially with Southampton hosting the match.The Premier League season begins on Aug. 12.STEVE DOUGLAS, AP Sports WriterTweetPinShare0 Shares
CLEVELAND (AP) — The moment required brilliance. LeBron James delivered again.James banked in a running one-hander at the buzzer, giving the Cleveland Cavaliers a 105-103 win over Toronto on Saturday night in Game 3 and shoving the Raptors to the edge of their most devastating playoff exit.After the Raptors tied it on rookie OG Anunoby’s 3-pointer with eight seconds left, James took the inbounds pass, dribbled the length of the court and rose off the floor on the left side of the basket just feet from Toronto’s bench.Glass. Bucket. Bedlam.“Tie game, down one,” James said. “I live for those moments.”As the noise level in Quicken Loans Arena rose to jet-engine levels, the Cavs sprinted from the other end of the court and mobbed James. After some tight hugs, he was back atop the scorer’s table — just like he did after a last-second 3-pointer to win Game 5 against Indiana — and celebrated a win that was up for grabs.Cleveland Cavaliers’ LeBron James, right, hugs Kyle Korver after hitting the game-winning shot to defeat the Toronto Raptors 105-103 in Game 3 of an NBA basketball second-round playoff series, Saturday, May 5, 2018, in Cleveland. (AP Photo/Tony Dejak)“I’ve been doing that since I was like six, seven, eight years old,” James said. “Maybe even before that. There’s a picture floating around of me beside a Little Tikes hoop with a saggy Pamper on and I was doing it back then and all the way up until now, at 33.“Things that you dream about, that you get those opportunities and I’ve been fortunate enough to get a handful of those in some of the biggest moments in my career.”James finished with 38 points, Kevin Love added 21 and 16 rebounds and Kyle Korver scored 18 for the Cavs, who have won nine straight postseason games over the Raptors and may sweep them for the second straight year.The difference in the two teams is simple: One has James, the other doesn’t.“I ran out of words a while ago,” said Korver, struggling to describe James’ latest heroics. “I’ve seen him shoot that shot, that game-winner, countless times when he’s messing around in shootaround and practice. It’s always like, why would he shoot a shot like that — to win a playoff game?“Unbelievable play. He did it again. He’s been so huge in those moments for us all year.”It was the fifth career postseason buzzer-beater for James, the second of these playoffs, and this one had maybe the highest degree of difficulty of them all.“It is very difficult,” James said, smiling. “Don’t try it at home.”Toronto Raptors’ Kyle Lowry (7) drives on Cleveland Cavaliers’ LeBron James (23) during the second half of Game 3 of an NBA basketball second-round playoff series Saturday, May 5, 2018, in Cleveland. (AP Photo/Tony Dejak)Kyle Lowry scored 27 for Toronto, which played much more physically and clawed back in the fourth quarter while All-Star DeMar DeRozan was on the bench. DeRozan, despondent at not being able to do more or help when it mattered most, went just 3 of 12 from the field and scored eight points.“It was extremely hard, extremely hard,” DeRozan said of being benched by coach Dwane Casey in the fourth. “I never want to be over there watching. It definitely sucks to watch it. It was just one of those nights for me, personally. I kept thinking, as long as we win, it cures everything.”Casey wanted to trap James on the final play, but he went by defenders at “100 miles per hour.”Lowry knew James would take the ball up the left side, and once he pulled up there wasn’t much that could be done.“Maybe we could have doubled him or made him go right,” Lowry said. “You know he’s going left and he made a tough shot.”After winning the series’ first two games in Canada, the Cavs came home and won a brawl with the Raptors, who just can’t beat James. He’s 11-2 against Toronto in the past three postseasons.The three-time champion has ended the Raptors’ past two seasons, and despite playing with a different supporting cast, James is one win from a Toronto trifecta.We The North? He The North.Cleveland Cavaliers’ LeBron James walks off the court after hitting the game-winning shot against the Toronto Raptors in Game 3 of an NBA basketball second-round playoff series, Saturday, May 5, 2018, in Cleveland. Cleveland won 105-103. (AP Photo/Tony Dejak)Game 4 is Monday night, and the odds are stacked against the rattled Raptors. Of the 129 teams in NBA history to fall behind 3-0, none has come back to win.“Fight,” Lowry said when asked what’s next. “Rumble. What else are you gonna do?”This was supposed to be the Raptors’ season, the one that ended in triumph over James. Toronto had the East’s best record, the No. 1 seed, home-court advantage and a Cleveland team that appeared very beatable.But the Cavs stole Game 1 by a point in overtime, and James scored 43 in a virtuoso Game 2 performance.Then, as he has done so many times, he ripped out Toronto’s hearts with a probable series-and-season-ending dagger, a shot that belongs right at the top of so many in his remarkable career.“There was way more time than I needed,” he said.BLAME GAMEThe first half ended in frustration for the Raptors with DeRozan, Casey and his assistants screaming at the officials following a sequence that went against them.Serge Ibaka’s basket was originally counted and then waved off by the referees, and the reversal was doubly painful as Love buried a 3-pointer to put the Cavs ahead by 13. When the half ended, an incensed Casey, his suit coat flying open and his tie jumping off his chest, stormed off the floor.In the closing minutes, Ibaka was called for a foul on what appeared to be a clean block on James.“I thought there were some bad calls down the stretch that all went against us,” DeRozan said. “It still came down to a running, bank-shot, game-winner by LeBron.”LINEUP CHANGEDesperate to find something, anything, to slow down the Cavs, Casey changed his starting lineup for Game 3. He inserted 6-foot guard Fred VanVleet and benched forward Ibaka, going with a smaller lineup to push the pace.However, Toronto started 2 of 11 from the field and the Raptors were quickly down 12 and seemingly in big trouble when DeRozan picked up his second foul and went to the bench.TIP-INSRaptors: Casey has been criticized for some moves — and ones he hasn’t made — in the series. He’s also aware of the narrative that his team has been mentally defeated by James. “It’s not in my head,” he said. “It’s disappointing. It reminds me of back in the days of having to get over the hurdle of (Michael) Jordan. At some point you’ve got to get over that hurdle, you’ve got to knock it down, you’ve got to knock the wall down.” … Toronto fell to 0-6 in playoff games in Cleveland, tying Atlanta for the worst postseason record by an opponent.Cavaliers: Several Cleveland players watched the dramatic finish of the 76ers-Celtics game from their locker-room chairs before tipoff. … James moved past Tony Parker (226) for the fifth-most games in postseason history. Derek Fisher (259) is the all-time leader, followed by Tim Duncan (251), Robert Horry (244) and Kareem Abdul-Jabbar (237).UP NEXTGame 4 is Monday night.—By TOM WITHERS , AP Sports WriterTweetPinShare0 Shares
The government of Congo declared a new outbreak of Ebola after at least two people were infected and possibly as many as 17 died from the disease in the country’s northwest.”Our country is facing another epidemic of the Ebola virus, which constitutes an international public health emergency,” the Democratic Republic of the Congo’s health ministry said in a statement.The ministry says that of the five samples sent to the National Institute of Biological Research in Kinshasa, two came back positive for the Zaire strain of Ebola in the country’s Equateur province, according to The Associated Press.Before the outbreak was confirmed, local health officials reported 21 patients with signs of hemorrhagic fever. Seventeen of them died.Ebola is just one type of hemorrhagic fever, so it is not immediately clear whether some or all of the original victims died from Ebola.”Since notification of the cases on 3 May, no deaths have been reported either among the [hospitalized] cases or the healthcare personnel,” the Health Ministry statement said.On May 3, medical teams from the World Health Organization and Doctors Without Borders collected five samples from active cases in the area, two of which tested positive for Ebola, according to the WHO and the Congolese government.As Reuters notes, “Ebola is believed to be spread over long distances by bats, which can host the virus without dying, as they infect other animals with which they share trees, such as monkeys. Ebola often spreads to humans via infected bushmeat.”An Ebola epidemic that hit West Africa in 2014 infected some 28,600 and killing more than 11,300 before WHO declared the region Ebola-free two years later. The epidemic was concentrated in Liberia, Guinea and Sierra Leone.Since then, a vaccine called rVSV-ZEBOV has been developed to prevent the spread of the disease, which has a particularly high mortality rate. (However, a recent article in The Lancet medical journal questions the vaccine’s efficacy.)In the past few years, there have been isolated outbreaks, including one in Congo last year that infected eight, killing four of them.Experts were expected to go to the area of infection on Wednesday to implement procedures to halt the spread of the disease, the ministry says. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
2018 was the fourth-hottest year on record, according to a report released this week by NASA and NOAA.From Vox:In the short term, scientists expect the world to get hotter. This year, a simmering El Niño cycle threatens to bring more scorching weather. “We do anticipate the next El Niño will bring record or near-record temperatures,” said NASA climate scientist Gavin Schmidt during a conference call with reporters.Already, Australia was baked in its hottest January on record, followed by massive flooding. So another record-setting year will likely lead to more heat waves around the world, along with drought and drying vegetation, contributing to massive wildfires. That in turn will cost jobs, homes, and lives.During the State of the Union this week (during which climate change did not come up), President Donald Trump announced that there would be a second summit with North Korean leader Kim Jong Un, to be held in Vietnam at the end of February.That left some observers wondering what such a meeting could accomplish.Pope Francis visited the United Arab Emirates this week, and during the trip, he acknowledged reports of sexual and physical abuse of nuns by priests. Through an interpreter, Francis said “there are priests and even bishops who have done that. And I believe it still happens because something doesn’t stop just because you have become aware of it.”NPR’s Sylvia Poggioli reports:For years, cases of abuse of women in the church have long been known. The problem persists particularly in Asia, Africa, Latin America and Italy. And yet church authorities have rarely addressed the issue publicly. But in the wake of the #MeToo movement, a #NunsToo movement has emerged, and the issue has been more widely reported. Last week, even the women’s magazine of the Vatican newspaper L’Osservatore Romano reported on nuns having abortions or giving birth to children fathered by priests or bishops.And we also learned this week that rapper 21 Savage was born in the U.K. We know we’re not alone in thinking he was from Atlanta.Here’s how critic Jon Caramanica described him:His success, however, is especially American. Growing up in some of Atlanta’s poorest communities, 21 Savage had a troubled childhood. He’s said that he dropped out of school to sell drugs, and has spoken in interviews of a youth marked by violence and crime. But after losing a close friend and a brother to gun violence, he turned to rapping. And within a year, he was one of Atlanta’s most promising prospects.This is the American promise, no? To start from nothing and turn it into a bounty. To receive a cruel hand and still emerge victorious.And yet there is this other American promise, or threat, which is that all that comfort can be easily ripped away if it isn’t achieved in the correct fashion.In the case of 21 Savage, whose public image was built on a kind of impenetrable toughness mixed with weary resilience, this moment of vulnerability was destabilizing. Even in his most intimate music, he never presents as anything other than an agent of control.The rapper, whose name is Shayaa Bin Abraham-Joseph, is being held by Immigration and Customs Enforcement due to an expired visa. He has three children who were born in the United States.Jay-Z has reportedly hired a lawyer to defend Abraham-Joseph, according to the BBC.This week, more nations recognized Venezuelan opposition leader Juan Guido as president of his country, while President Nicolas Maduro has withheld food and medicine and other humanitarian aid from coming into Venezuela.We’re recapping the week in global news headlines.Text by Gabrielle Healy.GUESTSShane Harris, Intelligence and national security reporter, The Washington Post; Future of War fellow, New America; author, ‘At War: The Rise of the Military-Internet Complex’ and ‘The Watchers: The Rise of America’s Surveillance State’; @shaneharrisPeter Bergen, CNN’s national security analyst; vice president and director of the international security program at New America; author of “United States of Jihad: Investigating America’s Homegrown Terrorists”; @peterbergencnnDorothy Parvaz, Global politics reporter, ThinkProgress; @dparvazFor more, visit https://the1a.org.© 2019 WAMU 88.5 – American University Radio. Copyright 2019 WAMU 88.5. To see more, visit WAMU 88.5.
If the past nine years have had you feeling on edge, Jared Diamond has good news and bad news for you.The good news: You’re not alone. “Even when I tell myself that we should be suspicious because every decade has seemed at the time to be the one offering the most cause for anxiety,” Diamond writes in his compelling new book, Upheaval, “I still have to agree: the current decade of the 2010s really is the one offering the most cause for anxiety.”The bad news, which we’ll get to later, is that things could, and might, get a whole lot worse unless the nation goes through some serious changes. Diamond, whose popular book Guns, Germs, and Steel won the author a Pulitzer Prize, doesn’t appear to have the highest of hopes for the fate of the U.S., but that’s no reason to skip Upheaval, his fascinating look at how countries have dealt with nationwide crises, and what we might be able to learn from them.The idea behind Upheaval is a captivating one that draws from both history and psychology. Diamond theorizes that nations in crisis can learn from the experiences of people in crisis, and the therapies that have been used to treat them. “There is a large body of research and anecdotal information, built up by therapists, about the resolution of personal crises,” he writes. “Could the resulting conclusions help us understand the resolution of national crises?”He lists 12 factors related to the success of people in navigating their own life upheavals, and adapts them to apply to nations. Some of these include “national consensus that one’s nation is in crisis”; “honest national self-appraisal” and “situation-specific national flexibility.” In the following chapters, he looks at several nations who have dealt with their own crises to varying degrees of success, including Japan, Indonesia, Finland and Germany.Perhaps most interesting — and chilling — is Diamond’s chapter on Chile, a country with “a long history of democratic government” until 1973, when its government was seized by its armed forces in a coup. Diamond writes that the coup was the result of “increasing polarization, violence, and breakdown of political compromise.” That might sound familiar to you, and it certainly does to Diamond.”Despite Chile’s strong democratic traditions, Chile’s political polarization and breakdown of compromise culminated in violence and a dictatorship that few Chileans had foreseen. Could that happen in the U.S.?” he asks. “Yes, the U.S. is indeed different from Chile. Some of those differences, reduce, and some of them increase, the risk of an end of democracy in the U.S. If democracy does end in the U.S., it won’t be through an uprising led by the heads of the armed forces; there are other ways to end democracy.”Toward the end of the book, Diamond takes a look at what crises the United States, and the world in general, might be forced to reckon with in the coming years. All nations are facing crises involving nuclear weapons, inequality and climate change, he writes, while the U.S. must deal with our issues of “political polarization, low voter turnout, obstacles to voter registration, inequality, limited socio-economic mobility, and decreasing government investment in public goods.”Although its subject matter is intrinsically distressing, Upheaval is not a gloomy or pessimistic book. Diamond is neither a cheerleader who promises that America, because it’s somehow special, is incapable of dying, nor a doomsayer who’s thrown up his hands and declared the inevitable end of the republic. While the country might be headed to a spot behind the eight ball, he writes, deliverance is possible if Americans don’t give in to denial. He argues that Americans should develop “the sense that something important about one’s current approach to life isn’t working, and that one has to find a new approach.”Diamond is an endlessly engaging writer, and the experience of reading Upheaval is similar to taking a college course from a professor who’s as charming as he is polymathic. He’s gifted at explaining the context of various national crises, providing fascinating background information (and sometimes personal anecdotes) without ever getting distracted by tangents. Diamond has an impressive range of knowledge — he’s an expert in a wide variety of fields, including physiology, geography and history, and his ability to draw from each of them in a way that makes sense to lay readers is extraordinary.Anyone with an interest in history, psychology, or the future of the country will find much to admire in Upheaval, and Diamond’s take on how our nation might navigate its path forward is fascinating reading for anyone anxious about the state of the republic today. “There is no way that China or Mexico can destroy the U.S,” he writes, but then warns: “Only we Americans can destroy ourselves.” Copyright 2019 NPR. To see more, visit https://www.npr.org.
5, 7 & 9 Jerusalem PlaceChristopher Young, owner of 3 Jerusalem Place, has applied to build three five-story condominiums, side-by-side over an existing parking lot.Building plans for 5, 7, 9 Jerusalem Place.Each building will contain two large units with ground-level parking spaces. No street parking will be lost due to construction.Young noted that this project has generated considerable interest as it creates a rare opportunity for buyers to purchase an entire building. The large unit size is also an attractive feature.Young shows plans for Jerusalem PlaceAfter a brief discussion, members voted 18-4 to support Young’s proposed plans.Following the meeting, neighbors were invited to attend a fall party, catered by Sail Loft. More pictures coming from Michele Morgan, but here’s a peek.NEWRA fall partyWhile you’re here …we have a small favor to ask. More people than ever are reading NorthEndWaterfront.com but we need your help making ends meet. Advertising doesn’t bring in enough to pay for reporting or editorial work. Keeping this website going takes a lot of time, money and hard work. But we do it because we believe community news is important – and we think you do too. If everyone who reads this site, who likes it, puts in a bit to pay for it, then our future would be much more secure. Checks can be made out to North End Boston LLC, 343 Commercial St. #508, Boston 02109 or contribute online using the following links:*Make a One-Time Contribution* or *Become a Patron* On Thursday, November 9, the North End / Waterfront Residents’ Association (NEWRA) hosted a brief meeting followed by a neighborhood party.During the meeting, NEWRA heard and supported the following residential projects:180 Endicott StreetMembers unanimously voted in support of changing the occupancy of 180 Endicott from three residential units to four. The owner plans to convert the top two floors from one single unit into two separate units.*Advertisement*
Bodjie Pascua slams Palace stance on making Dengvaxia usable again With this, the hospital wants to “send a message of hope and empathy to the victims of the entire province of Cebu in the midst of this state of calamity,” said Lim Liu, CEO of the hospital and president of the Asociacion Benevola de Cebu, Inc. which owns the hospital.When the “Piso Mo, Hospital Ko” campaign was launched last Monday, Sen. Alan Peter Cayetano donated P100,000 while Davao City Mayor Rodrigo Duterte gave P500,000.FEATURED STORIESNEWSINFOSenate to probe Tolentino’s ‘novel legal theories’ on oral agreementsNEWSINFOLocsin wants to drop ‘visas upon arrival’ privilegeNEWSINFOTolentino: No more debate with Drilon on China dealSM Prime Holdings president Hans Sy also gave P5 million to the city last week for earthquake victims and rehabilitation. Rama said he would be use the amount for the new CCMC.During the distribution of cash incentives to barangay officials last Tuesday, officials were able to raise around P48,000 as well. LATEST STORIES With the closure of the 300-bed city hospital due to severe damage from the Oct. 15 earthquake, the city’s indigent patients have nowhere to go.The mayor estimates it would cost over a billion to replace it wiht a 1,000-bed hospital.MORE STORIESnewsinfo29 students downed by coffee drinks in Cebu CitynewsinfoTommy Osmeña is Cebu mayor, againnewsinfoSuspend order for Rama served in his absenceMORE STORIESnewsinfo29 students downed by coffee drinks in Cebu CitynewsinfoTommy Osmeña is Cebu mayor, againnewsinfoSuspend order for Rama served in his absenceCity Information Officer Carlo Dugaduga said each vendor in all markets in the city pledged to give at least P50 a day for the drive.“We’re bringing the campaign directly to the people. We are happy that even ordinary people like trisikad drivers donated some of their hard-earned money,” Dugaduga said.The PIO is conducting a caravan in the barnagays.So far, they have visited barangays Labangon, Tisa, Punta Princesa and Inayawan.ADVERTISEMENT SMC bags Bulacan airport project “We’re thankful that Cebuanos are rising to occasions where unity is needed,” Rama said.CCMC patients are currently housed in the compound of the Bureau of Fire Protection (BFP) 7.Rama sent a demand letter to the Department of the Interior and Local Government to vacate the entire compound./Jucell Marie P. Cuyos and Jose Santino BunachitaRead Next In less than a week donations to rebuild the Cebu City Medical Center have reached over P6.6 million.The biggest single contributor so far is Chong Hua Hospital which gave P1 million yesterday to Cebu City Mayor Michael Rama.ADVERTISEMENT MOST READ Fake cop accosts real cops, is arrested in Pateros 4.0 quake shakes Davao Oriental town Don’t miss out on the latest news and information. LOOK: MMDA conducts 2nd round of clearing ops in Pasig, Pateros Taipei to offer migrant workers free medical checks, haircuts ‘Beware of dye in cotton candy’ Bodjie Pascua slams Palace stance on making Dengvaxia usable again Firm urged to explain delay in MRT 7 construction PCSO to focus on improving transparency of gaming activities PLAY LIST 03:26PCSO to focus on improving transparency of gaming activities01:39Sotto open to discuss, listen to pros and cons of divorce bill06:02Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements01:50Palace open to make Dengvaxia usable again as dengue cases spike01:49House seeks probe on ‘massive corruption’ in PCSO01:37PCSO estimates P250M in Lotto revenue loss due to suspension View comments
ProMax 440 BJJ GI Good Night Tee Gloves UFC launches Fight Pass Standard BJJ Gi Lockdown duffle bag Standard Ranked Rashguard In this Storystream View all 10 stories Sale Accessories King Ryan Longsleeve Shirt Conor lashes out at Herb Dean, says Khabib was ‘riddled in panic’ during bus attack Timeline of Israel Adesanya’s Rapid Rise to UFC Contender Gordon Ryan Competition Kit White on Nunes-Cris rematch: ‘That’s the fight I want to make’ Tom Szczerbowski-USA TODAY Sport Which is More Dangerous – MMA or Football? More: Brock Lesnar’s WWE Future After UFC Retirement UFC feeling confident about Fight Pass UFC on ESPN: Covington vs. Lawler fight card Latest From MMA Warehouse Greatest Highlights of Anderson Silva’s Career Bloody Elbow White: McGregor didn’t like my comments about Masvidal being ‘too big’ for him Robert Whittaker hails ‘Wonderboy’ the best ‘outside fighter’ in MMA Just prior to the start of UFC 168 in December, Zuffa announced the launch of their digital network – UFC Fight Pass. Zuffa CEO Lorenzo Fertitta promoted the service as “Netflix for the fight fan.” While early subscribers have been treated to exclusive live broadcasts featuring preliminary bouts and even a full event in UFC Fight Night 34, the earliest edition of the product fell short of the announcement’s promises.However, by continually adding content and highlighting it through creative features, the UFC has been able to make Fight Pass a desirable product. Bloody Elbow got the opportunity to discuss Fight Pass with a UFC executive who said that they’ve quadrupled their projected subscribers for Fight Pass during the 60 day trial period. With the first month of paid subscription coming up on March 1st, the promotion’s representative provided some insight into what subscribers can expect to see from the digital network.Fight Pass debuted with 3000 hours of content using the database that was already available for pay on UFC TV. Since launch, the service has added another 2000 hours of content according to the executive. Heading into the first month of paid subscription, the promotion will further increase their fight catalogue with the full UFC library dating back to UFC 1; WEC shows before and after the Zuffa purchase; and Pride FC shows as well. Some obscure bouts may fall through the cracks at this point, but it’s promised that the vast majority of content from these organizations will be available.The goal is to eventually include the full Zuffa library. For now, the UFC is constrained by broadcast rights. While this will mostly impact the online publishing of present UFC events, Strikeforce events will be significantly delayed. This means that Strikeforce shows will not be available until three years after original broadcast.For new UFC content, the company promises to release content as soon as possible. For example, at launch their were immediate calls to see the heavyweight battle between Mark Hunt and Antonio Silva at UFC Fight Night 33. While it couldn’t be delivered at the moment, the UFC did post the event as soon as they were allowed.For PPV’s, typically the events will be available approximately a month after the event as with UFC 167. However, in some circumstances like UFC 168 where the price point was changed, the posting may be delayed.Aside from the live events, Fight Pass has featured several different “collections” as part of their fight library. These have varied from the favorite fights of different UFC stars, to following the progression of divisions titles through UFC history, to, most recently, following the Pride career of Fedor Emelianenko. These collections have been among the most viewed content since launch and will continue to be a focus. Additionally, they plan on releasing exclusive documentaries, point-of-view walkouts with fighters, and the backstage footage they’ve featured since launch.The upcoming season of TUF Brazil 3 featuring Chael Sonnen and Wanderlei Silva as coaches will also be broadcast exclusively on Fight Pass.For any expecting the UFC to follow in the footsteps of the WWE in including live PPVs as part of their digital network, it’s probably best not to hold your breath. The company has no intention of moving their PPV events to the digital network. However, the UFC promises continued improvements and that there will never be a “finished product.”Undoubtedly, the UFC has big plans for Fight Pass that should interest any ‘dedicated fight fan’, who they describe as their target audience for the digital network. Whether you’re a current or new subscriber, expect to deal with some growing pains as they continue to improve and develop the digital network. But, the promotion believes it could be a pretty good deal overall. Nightmare Matchup for UFC’s Biggest Stars UFC 240: Fights to make More From Top Contenders for Fight of the Year Fight Pass takes steps to improve security Latest From Our Partners Apparel