Liberty Global-owned UK cable operator Virgin Media is to add BT Sport Europe to its line-up. The new channel will be available to Virgin Media customers from launch on August 1. Full details of how it will be incorporated into Virgin Media sports packages will be announced soon.Virgin Media customers will have access to live televised matches from English Premier League, UEFA Champions League and UEFA Europa League, at home or on the go from BT Sport Europe.Tom Mockridge, Virgin Media CEO, said: “If the football is on, we’ll be showing it. Virgin Media is still the only provider that offers you front row access to all the live sporting action at home and on the go.”
Over half of US homes with an internet connection now have at least one TV connected to the web, an increase of six million homes over the past year, according to NPD Group.According to the research outfit’s Connected Home Entertainment Report, the average connected TV home had an average of 2.9 devices installed that they could use to view programming from apps on their TVs. Some 52% of internet homes now have at least one TV connected to the internet, according to NPD Group.Video game consoles are the leading connected TV device, according to the group, followed by streaming media players, smart TVs and Blu-ray disc players.The overall number of connected devices owned by Americans increased by 64 million last year to 734 million, representing an average of 7.8 connected devices per internet-connected home.According to NPD Group, the growth in the overall universe of connected devices is being driven, at least in part, by increased adoption of internet-enabled TVs and streaming media players.“Ownership of connected televisions and streaming media players is accelerating while the availability of streaming content is simultaneously expanding. These combined forces will continue to drive increased adoption of connected devices within U.S. households,” said John Buffone, executive director, connected intelligence.“At the same time, as the number of households that have access to apps on TVs rises, so too do the business opportunities for content owners and distributors.”
Tom CarsonTiVo and Samsung have agreed the terms of a broad intellectual property licence, suspending all pending patent litigation between the two companies.The deal will provide certain rights under TiVo’s patent portfolios for Samsung’s mobile, consumer electronic and set-top box businesses.TiVo said that as part of the deal, the parties will seek an immediate stay of all pending litigation and patent challenges between the two companies and, after satisfying certain conditions in Q4 2016, will seek to dismiss them.In TiVo’s third quarter earnings announcement, which was announced the same day, TiVo president and CEO, Tom Carson, said that the Samsung deal “demonstrates that the merger of Rovi and TiVo offers tremendous synergies and will result in a stronger combined company”.“This agreement with Samsung not only validates the relevance and longevity of the acquired TiVo intellectual property, but also highlights our preference for commercially reasonable deals over on-going litigation,” said Carson.“This deal demonstrates the value that can be created with our IP portfolios and is a good proof point of revenue synergies resulting from the combination of Rovi and TiVo.”TiVo reported Q3 revenue of US$153.1 million, an increase of 33% year-on-year, following the TiVo-Rovi merger and the renewal of the DISH Network license agreement. Net income was US$49.9 million, compared to a net loss of US$18.5 million for the third quarter of 2015.
Channel 5 (C5)’s video on demand service, My5, will now offer content from free-to-air entertainment channel Blaze, which is part of A+E Networks UK.SwampThis marks the first time a commercial public service broadcaster has provided a branded presence from outside its network on its on-demand platform, according to C5.My5 viewers can access a selection of Blaze content, updated every month, including A&E Networks UK shows such as Swamp People (pictured), Pawn Stars and Forged in Fire.The content is available on the My5 website, as well as iOS and Android devices and Samsung Smart TVs, with others to follow.James Tatam, VP of commercial, operations and strategic services at C5, said: “This exciting next phase in the evolution of My5 builds on our recent successes in offering exclusive box set content for the platform.“We’re excited to partner with A+E Networks UK; their high quality programming from around the world broadens the appeal of My5 and we look forward to announcing further content deals in the future.”Blaze launched in the UK in August last year.
Tele Columbus HQGerman cable operator Tele Columbus has completed the rollout of its fibre-to-the-building network to 12,000 homes in the city of Plauen in Saxony.The operator connected over 1,100 buildings belonging to housing associations WbG Wohnungsbaugesellschaft Plauen mbH and AWG Wohnungsgenossenschaft Plauen eG to its Gigabit-capable network.Construction work on the project started at the beginning of 2018 and involved 8.5km of civil engineering work and a total of 98km of fibre.Tele Columbus said it would be able to extend FTTH at minimum cost in buildings with up-to-date microtubes installed in their structure at a later date.The company said that the completion of the fibre rollout would enable it to eliminate the use of existing copper cables and electrical signal amplifiers.
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Viacom-owned streaming network Pluto TV has added three crime and police investigation-focused channels in the UK.The free and linear streaming service has added permanent channel Pluto TV Crime to its UK offering, and is lauching two pop-up channels based around shows The FBI Files and Hunter.Pluto TV Crime will offer true crime factual series and procedurals series andiscurated specifically for a UK audience.The FBI Files will provide viewers with true crime cases on its dedicated pop-up channel. Produced in cooperation with the Federal Bureau of Investigation, the show covers well-known and high profile cases such as John Gotti, the Unabomber and Polly Klaas.The addition of the Hunter pop-up channel will enable fans to view episodes from the 1980s series.“Nail-biting crime shows that keep viewers on the edge of their seats have been increasingly captivating audiences of all types across streaming video platforms. The lean back philosophy that inspires Pluto TV’s linear programming is especially well suited for fictional and true crime entertainment,” said Oliver Jollet, managing director Europe at Pluto TV. “Our goal is to keep our audience continually engaged with an ever-changing line-up of shows and specials. Single show Pop-Up channels like The FBI Files and Hunter represent tailor-made environments designed to entice new and existing audiences and advertisers looking to take steps into OTT-advertising.”
THE Coca-Cola Christmas truck tour will be coming to Derry this week as part of its tour of cities and towns across Ireland.The tour started on November 26 when the iconic holiday truck started its first of 10 stops across the island in DroghedaThe truck will be coming to Derry’s Foyleside Shopping Centre this Friday, December 16. “We are delighted to be bringing happiness to communities across the nation by giving people the chance to see the truck in person.”Members of the public will be able to snap a holiday souvenir photo with the truck, take a virtual sleigh right through the forest, play Ice Block Jenga and enjoy some music from the Dublin Gospel Choir on each stop of the tour.Coca Cola’s “Holidays Are Coming” ad hit Irish TV screens beginning November 18, and was screened in the North from November 19.The Coca-Cola Christmas Truck stop locations are:Drogheda – M1 Retail Park – Saturday, November 26 2016Dublin – Smithfield – Sunday, November 27 2016Kilkenny – The Parade – Saturday, December 3 2016Cork – Mahon Point Shopping Centre – Sunday, December 4 2016Galway – Galway Shopping Centre, Hedford Road – Friday, December 9 2016Limerick – Parkway Shopping Centre – Saturday, December 10 2016Derry – Foyleside Shopping Centre – Friday, December 16 2016Belfast – SSE Arena Belfast (Odyssey Arena) – Sunday, December 18 2016DON’T FORGET: COCA COLA CHRISTMAS TRUCK COMING TO DERRY THIS WEEK was last modified: December 14th, 2016 by John2John2 Tags: Derry is one of eight of the ten stops have been revealed – with the other two set to be unveiled closer to Christmas.Radio stations 2FM and Cool FM are urging members of the public to nominate their town.Listeners can turn in to either station starting November 21 to find out how to apply.Coca-Cola Ireland’s market manager Aoife Nagle: “The arrival of the Coca-Cola Christmas Truck, made famous by our classic TV advertisement, heralds the start of the festive season. AOIFE NAGLECOCA COLA MANAGERDerryDON’T FORGET: COCA COLA CHRISTMAS TRUCK COMING TO DERRY THIS WEEKFOYLESIDE SHOPPING CENTREHOLIDAYS ARE COMING ShareTweet
ShareTweet ACTION FRAUDHM REVENUE AND CUSTOMSPOLICE WARN DERRY PUBLIC OVER TAX SCAM USING ITUNE VOUCHER CODESPSNISUPT SIMON WALLS “If you are at all suspicious about a call that you receive, hang up and phone the organisation that the person is purporting to represent to check their authenticity.“Ideally make the call from another telephone so you can be sure the original caller has not remained on the line.“If you have received a call of this kind, or are concerned by the intent of unsolicited calls, emails or letters then please report it to Action Fraud via their website www.actionfraud.police.uk or by phoning 0300 123 2040, or call police on the non-emergency number 101.”More advice and information can also be obtained by visiting https://www.psni.police.uk/crime/fraud/ or www.nidirect.gov.uk/scamwiseni”POLICE WARN DERRY PUBLIC OVER TAX SCAM USING ITUNE VOUCHER CODES was last modified: July 31st, 2017 by John2John2 Tags: In recent times, there have been a number of reported incidents and, while some of these have been unsuccessful, in one case an older person lost a significant quantity of cash before police intervened.PSNI Superintendent Simon Walls said: “Police are urging members of the public to always air on the side of caution with any text, call, email or letter asking for payment or personal details in order to release money, refund fees, pay lottery wins or supply a holiday, giveaway or service.“HMRC will never contact you by telephone and ask for payment of tax arrears by iTunes vouchers or similar payment methods.“Scammers are inventive and can be very convincing, but each scam is designed to tempt you to drop your guard. POLICE are urging members of the public in Derry to protect themselves against fraudsters who claim to represent HMRC and trick them into making a bogus payment. Victims are being contacted in a variety of methods and, in some instances reported, the fraudsters ask for payment in iTunes gift card voucher codes because they can be easily redeemed and easily sold on.The PSNI say the scammers don’t need the physical card to redeem the value and instead get victims to read out the serial code on the back of their card over the phone.
ShareTweet A consignment of fake make-up brushes destined for Co Derry has been seized by Border Force officers in Belfast.The make-up sets, carrying the brand name Urban Decay, come with different size brushes retailing from £20 to £24 per brush.There were 9,000 brushes seized with an estimated value of £200,000. John Oldham, Assistant Director Border Force, said: “The international trade in counterfeit goods undercuts honest traders, and is linked to serious and organised crime, sweatshop working practices, child labour, and even the funding of terrorism. The fake goods were discovered on June 23 this year when officers examined six parcels sent by airfreight from the Far East to a residential address in Co Derry.Once suspected counterfeit items are seized, Border Force’s specialist international trade teams work with the owners of big brands to establish whether or not goods are genuine.If fake, they are destroyed and the rights holders can then decide whether to privately prosecute the importers. “Unsuspecting customers are also left out of pocket with inferior and potentially dangerous goods.“We are determined to crack down on this criminality and Border Force officers help protect consumers by working around the clock at ports, airports and mail sorting centres identifying and seizing counterfeit goods.”Anyone who has been sold counterfeit goods or knows someone who is selling them should contact Action Fraud on 0300 123 2040.BORDER FORCE SEIZE £200,000 OF FAKE MAKE-UP BRUSHES BOUND FOR CO DERRY was last modified: August 10th, 2017 by John2John2 Tags: 000 OF FAKE MAKE-UP BRUSHES BOUND FOR CO DERRYASSISTANT DIRECTORBelfastBORDER FORCE SEIZE £200CO DERRYJOHN OLDHAMUK BORDER FORCE
Foyle MLA Mark H Durkan slams latest waiting time figuresTHE SDLP’s health spokesperson Mark H Durkan has described the North’s latest hospital waiting lists as “appalling”.Figures released reveal that over 17,000 people waited in A&E departments across the North in the past year – that was 10,000 more than the previous year. Durkan – North’s hospital waiting list figures “appalling”FOYLE MLAHEALTH AND SOCIAL CARE BOARDMark H DurkanSDLPwaiting lists ShareTweet Almost 800,000 people sought treatment in an A&E in the 2017/18 financial year with 68% of those attending a “type 1” facility – which handles the most severe cases – seen within the four hour target time. That was a slight drop of 1.5% compared to the previous year and a drop of almost 5% compared to 2013/14.Mr Durkan said his party has been calling for a “overall transformation” of the health service in the North.Said the Foy “Unfortunately, every time we receive a copy of the latest waiting times for different services across the Health Service, it is no longer a shock when they have deteriorated,” he said.“Despite the dedication of hard working staff, working round the clock, our Health Service is continuing to be starved of political and strategic direction and this is impacting on the frontline. “The situation is simply unsustainable. “The SDLP has long called for and supported an overall transformation of our Health Service and that is what is required to begin to really tackle the issues at the core,” he added.The Health and Social Care Board blamed a challenging year with more older and sicker people attending than in the past. It said transformation of the health care system was the “only long-term sustainable answer”.“This is simply not acceptable and the service is taking steps to ensure improvements are put in place,” a spokeswoman said.Durkan – North’s hospital waiting list figures “appalling” was last modified: June 22nd, 2018 by John2John2 Tags:
Google+ Tumblr In a statement to ABC affiliate WPLG-TV today, American Airlines said the worker had suffered minor injuries but was transported to a hospital for evaluation. Facebook (ABC NEWS)- An airport worker suffered minor injuries Friday, after his van plunged off the fourth floor of an airport parking lot, crashing into the roadway below. Home NewsWatch National News Worker Survives Van Plunge Off Parking Lot’s 4th Floor WPLG-TV said the incident was still under investigation, but a spokeswoman for American Airlines said initial information showed the crash was an accident. National NewsNewsWatch Worker Survives Van Plunge Off Parking Lot’s 4th Floor By Daniella HankeyJun 02, 2018, 08:15 am 372 0 Twitter Linkedin According to the Miami-Dade Police Department, the American Airlines employee, an adult male in his mid-50s whose identity has not been revealed, was behind the wheel of a company van when he drove through a wall in the employee parking garage. The van crashed through the wall and fell four stories, landing on its roof. Pinterest Next PostClass AA Baseball Semifinals – James Monroe vs. Bridgeport Mail Previous PostFour More Deaths Reported From E. coli Outbreak Linked To Romaine Lettuce: CDC “We appreciate the assistance of MDPD [Miami-Dade Police Department] and the other first responders, who quickly took care of our team member,” the airline said. Daniella Hankey Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website
Mail Facebook Tumblr ConsumerHealthTop Stories FDA plans crackdown on homeopathic drugs By WOAY NEWS STAFFDec 19, 2017, 14:41 pm 1311 1 Pinterest Home NewsWatch Consumer FDA plans crackdown on homeopathic drugs (BY: JOSH HAFNER, USA TODAY) – A booming homeopathic industry prompted the Food and Drug Administration to announce a crackdown on potentially risky alternative remedies that now slip through its regulatory cracks.The homeopathic drug market grew “exponentially” over the past decade into a nearly $3 billion industry, the FDA said, resulting in a flood of products manufactured without the agency’s approval.New plans announced Monday place scrutiny on products aimed at children and infants as well as those marketed for life-threatening ailments like heart disease and cancer.Click here to read more. Linkedin Google+ Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Previous PostPoll: ‘Fake News’ is America’s 2nd most annoying phrase; Yeah, whatever… Next PostFirst on WOAY: Multiple Agencies Conduct Fayette County Drug Round Up WOAY NEWS STAFF Twitter
SportsSports News Gino’s Pizza Top Five Plays of the Week By Matt DigbyApr 24, 2017, 00:13 am 857 1 Next PostA Local Jewish Temple Hosts Its Annual Holocaust Remembrance Day Pinterest Twitter Tumblr Check out the latest edition of the Gino’s Pizza Top Five Plays of the Week. Google+ Linkedin Home Sports News Sports Gino’s Pizza Top Five Plays of the Week Mail Previous PostWet Conditions Causing Slick Roads In Raleigh County Facebook 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
CrimeWatch NewsFeaturedLocal NewsNewsWatch Beckley Woman Arrested On Prostitution Charges By Tyler BarkerMay 01, 2019, 11:47 am 1165 0 Mail Previous PostBeckley ARH Moves To Add Needed Cardiology Services Facebook Tumblr Google+ Pinterest Linkedin Twitter Home NewsWatch CrimeWatch News Beckley Woman Arrested On Prostitution Charges Next PostAudit: WV government doesn’t know how many guns it has BECKLEY, WV (WOAY) – A Beckley woman is in jail on prostitution charges. According to police, Beckley Detectives conducted an undercover prostitution sting within the city of Beckley. Numerous citizens sent complaints of prostitution occurring on roadways and surrounding areas.A confidential source observed a white female walking alongside 2nd street in Beckley. The female, Heather Marshall, offered to do things for the sum of 40 dollars. Marshall was taken into custody and charged with solicitation of prostitution. She has a previous conviction of prostitution earlier in April. She is in jail under a 1,000 dollar bond. 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
Over 42% of global mine production last year. As a gold investor in North America, it sometimes feels like I’m living in some far-off land where everyone believes in fairy tales and unicorns. Most people around me don’t seem to see anything wrong with the Fed creating $65 billion a month out of thin air—hey, it’s not $85 billion anymore, what a relief! It’s business as usual for the US government to spend billions more than it takes in, and a public debt hovering at $17.2 trillion—up from $7 trillion just 10 years ago—seems no more alarming than a rainbow. No surprise then that these people don’t feel any need to own assets that might help them in times of crisis. Hard assets like… gold. I’m reminded of a visit I made to China several years ago. One night, I awoke in the middle of the night—something was crawling under the bed sheet. I shot up like a cannonball, trampolined out of bed, and hit the light switch. I searched and searched for whatever bug had made its way under the sheet, but never did find the little vermin. Still, I was so creeped out, I spent the rest of the night on the couch. I told the staff the next morning what happened—and they did nothing. They just stared at me. They spoke English, so it wasn’t that they didn’t understand me. It was just that none of them seemed to think it was a big deal. One of them even chuckled. They obviously didn’t appreciate the potential health hazard and had no sense of customer service. I left bemused, wondering how people could accept bedbugs as normal—or even if they did, how they could not care about a customer’s experience. It was like being on another planet. I have some of those same feelings when I think about mainstream investors today. How can they not appreciate the potential financial hazard inherent in something as obviously dangerous as today’s unprecedented levels of money printing? How can they not care that they have nothing solid, like gold, at the core of their investment portfolios? It’s like these people think they live on Planet Sesame Street. Most people seem to really believe that today’s heavy-handed government interventions are not only the right course of action, but will have no negative fallout. Massive currency dilution, unstoppable tides of rising debt, and never-ending fiscal imbalances are hardly a way to cure decades of money mismanagement, and certainly aren’t consequence-free. How is it that this is not obvious to all? I honestly don’t know. Perhaps people are aware at some level, but the truth is just too awful to face, and so people don’t. Very few of my friends and neighbors own any gold. Rarely am I asked about it anymore, even by those who know what I do for a living. The doctor I saw last month gave me the distinct impression I could be doing better things with my money. Most of the mainstream media ignore gold, while many of the big banks loudly proclaim their latest short position as if they had some sort of divine insight. I’m starting to feel like the proverbial lone voice in the woods… But We’re Not Alone! As deluded as most Americans seem to be, that is definitely not the case for everyone in the world—the Japanese, for example, are much more prudent and levelheaded. I wonder if my fellow citizens would feel differently if they lived in any of these countries where people have witnessed economic insanity firsthand, and are acting accordingly: Japan was a net importer of gold in December, the first time in almost four years. Net purchases totaled 1,885 kilograms (60,604 ounces). It was only the tenth time Japan was a net monthly buyer since the end of 2005. There are reports that Japan’s pension funds, which hold the world’s second-largest pool of retirement assets, are buying gold. Dubai gold jewelers just reported the strongest gold sales in seven years. Pure Gold Jewelers, one of the largest dealers in the country, reported a 25% increase in gold jewelry sales during the Dubai Shopping Festival this year. The state of Gujarat in India reported that silver bullion imports hit a five-year record from April 2013 to January 2014. Imports were more than 450% higher than the same period a year ago. The Indian government has since hiked the import duty on silver to 15%, the same rate as gold, and official imports in January subsequently fell. Smugglers will surely add silver to all those secret luggage compartments they’ve been using for gold. Australia’s Perth Mint said gold sales jumped 41% and silver 33% in 2013. In January, gold demand was up 10% and silver 8%. Mexico’s pension funds are now investing in gold after strict investment regulations were recently lifted. The World Gold Council says it spoke to 10 of the country’s most influential pension fund managers (with over $160 billion in assets) and was told that they began investing in gold and commodities in 2013. Central banks were once again big buyers last year. Of those that have reported so far… Turkey purchased 150.4 tonnes (4.83 million ounces) Vietnam 110 tonnes (3.53 million ounces) Russia 57.3 tonnes (1.84 million ounces) Kazakhstan 24.16 tonnes (776,762 ounces) Azerbaijan 16.02 tonnes (515,054 ounces) Sri Lanka 6.51 tonnes (209,301 ounces) Nepal 6.22 tonnes (199,977 ounces) Ukraine 6.22 tonnes (199,977 ounces) Indonesia 4.04 tonnes (129,889 ounces) Venezuela 1.87 tonnes (60,121 ounces) And of Course, There’s China… Last year’s record import number is impressive enough, but it’s the pace that’s mind-blowing. 1,139 tonnes is… More than 2011 and 2012 imports combined. Roughly twice as much as the amount GLD sold in all of 2013. Meanwhile, Back in the Good Ol’ US of A… Gold coin demand for 2013 jumped 24%. Some headlines have pointed out that January 2014 gold and silver coin sales were down compared to a year ago—but January 2013 was the all-time record for single-month sales. Further, Eagle and Buffalo gold coin sales were more than double December’s sales, and were the highest since last April. Silver coin sales in January were almost four times more than in December. There, now I feel better. Even if you sometimes feel like a lone wolf investing in this market, understand that worldwide demand for gold and silver bullion continues unabated. If you live in the US, realize that people in many other countries are seeing more positive headlines about gold, have more friends who own gold, and heck, could even walk into a bank to buy gold. I don’t think the people in these other countries are stupid. Whatever consequences result from the historic levels of currency dilution across the globe, they seem as sure as I do that they’ll be good for gold. What should you buy? I first recommend buying gold and silver bullion to establish a financial safety net. And then, to maximize gains on the more speculative end of your portfolio, you should look at Louis James’ just-released “10-bagger List for 2014” in the February issue of International Speculator. A 10-Bagger is a stock with the potential to gain 1,000% or more—that’s not a typo, we really did make 10 times our money on junior gold stocks the last time the sector rebounded, and Louis thinks that’s about to happen again. For example, one of those prospective 10-Baggers is a junior with a multimillion-ounce gold project that’s run by one of our Explorers League honorees. This company is on the verge of securing the funds needed to build its exceptionally high-margin gold mine, but it’s on sale. Speaking of the potential, Louis said: “If the company delivers, it’d be easy to see these 40-cent shares trading for $4” by 2015. Investing in these stocks—and there are nine of them on Louis’ list—could quite literally make you a fortune, but the opportunity to get in on the ground floor is fading fast. Click here to learn more about Louis’ 10-Bagger List for 2014—or watch the recording of our just-aired one-hour video event “Upturn Millionaires” to learn why the time to act is now.
In This Issue. * Dollar drops the most in a year… * German data hurts the euro… * Both RBA and BOJ hold policy steady… * Gold holds on to $1,200 but barely… And Now. Today’s A Pfennig For Your Thoughts. The Dollar drops the most in over a year… Good Day! Chuck took a quick trip down to Florida this morning so I’ll be bringing you the Pfennig today while he hopefully makes it out between this morning’s thunderstorms. The rain was really coming down on my drive in this morning, and I just hope it doesn’t stay around to delay the start of Game 4 downtown at Busch Stadium. I was down there last night and got to see the Cardinals take a 2-1 lead in the best of 5 division series. A late night has me dragging a bit this morning, but there is a lot to talk about this morning so this Pfennig will hopefully pretty much write itself. The dollar rally reversed course in the first trading day of the week as it closed out with the largest drop in over a year. Brazil’s real climbed the most in three years on the surprising election results and the Japanese yen strengthened following the Bank of Japan’s meeting. South Africa’s rand climbed along with most of the other commodity currencies in what became a very good day for currency investors. The sentiment had done a 180 degree turn from last weeks dollar rally, but I question just how much stamina this little currency rally will have as most analysts believe the dollar’s drop was simply due to some profit taking as we have a lack of any data releases here in the US. Speaking of a lack of data releases, Chuck sent me a note before leaving yesterday afternoon and asked me to share it with readers this morning, so here it is: So, there I was yesterday morning, at 9 am looking forward to seeing the new LMCI, you know the report compiled by the Fed so they can track the labor markets better, that we talked about yesterday. Then it was 10 am and still no print of the report. What were the printing presses broken? Was there more “adjusting” that had to be done? Beats me. All I know is that it was supposed to be ready at 9 am. and it wasn’t! Don’t tell me the Fed members are having second thoughts about releasing this labor report? So, I began to do some research to see if I could find out why the Fed members might not want to print this report. and I came across a story on www.businessinsider.com that about says it all. Let’s listen in. “Unfortunately, we find that the LCMI has a low correlation with both the labor force participation rate and with wages, two key areas of concern for the Federal Reserve. On a 12-month period, the LMCI only had a 0.36 correlation with the labor force participation rate and a 0.38 correlation with average hourly earnings. The big worry for Matus, and other more hawkish Fed watchers, is that the Yellen-Fed will misinterpret the labor market signals and maintain loose monetary policy for much longer than the economy needs.” Chuck again. And that won’t be what the doctor ordered for a recovering dollar! But all that remains to be seen, as the report still wasn’t ready for prime time, by the time I left for home yesterday. Watching and waiting, for a friend to play with, why have I been alone so long?…- Moody Blues. Now back to Chris. I can report that the LMCI was in fact released sometime yesterday afternoon or perhaps overnight (I can’t tell from the report just when it was released). The index was rose 2.5 points in September after increasing 2 points in the previous month. Unfortunately it is a bit hard to say what these increases mean, as we don’t have much in the way of context. Not much in the way of data releases here in the US this morning, and the data cupboard remains fairly empty until tomorrow afternoon when we will get the release of the minutes from the September FOMC meeting. These minutes will be scrutinized for any indication of when rates will begin to rise. Data out of Europe this morning caused the euro to give back all of the gains it had booked yesterday. The single currency came under some pressure in early trading after German data showed a 4 percent MOM drop in industrial output, far below the consensus forecast. This was the largest drop in industrial production since January 2009 and gave more credence to those who have been predicting trouble for Europe’s growth engine. The data emboldened those who expect further monetary stimulus from the ECB, perhaps full blown QE following the smaller asset buying which was announced following the last ECB meeting. As Chuck has suggested, any sovereign bond buying which would be involved in an expanded Quantitative Easing by the ECB would face stiff opposition from the Bundesbank, and would likely be challenged in the European courts. But the data does reflect the fact that Europe’s recovery is lagging the pace of recovery in the UK and US, which will likely keep the euro under selling pressure. Inflation data released in Switzerland this morning added to worries about the Eurozone slipping into a deflationary spiral. Swiss consumer prices fell for the first time in seven months in September, dragged down by a drop in the cost of imports and lower oil prices. Consumer prices fell .1% from a year ago, the first negative reading since February. Both the Bank of Japan and Reserve Bank of Australia ended their meetings overnight with neither adjusting their existing monetary policies. The RBA kept interest rates at record lows for the 13th straight policy meeting on Tuesday, pointing to an economy which is still not firing on ‘all cylinders’. “Overall, the Bank still expects growth to be a little below trend for the next several quarters,” said RBA Governor Glenn Stevens. “On present indications, the most prudent course is likely to be a period of stability in interest rates.” The Australian dollar sagged a bit after the RBA said the currency remains high by historical standards. ” The exchange rate has declined recently, in large part reflecting the strengthening US dollar, but remains high by historical standards,” said Stevens. As Chuck wrote last week, currency traders have been stepping out of the way and allowing central banks to ‘jawbone’ their currencies lower. But the Aussie dollar has recovered from its post meeting low and is moving slightly higher this morning. The rally in the AUD crossed the Tasman Sea and helped boost the kiwi over 1 percent vs the US$ yesterday. The New Zealand dollar bounced off of the 14 month low of .7715 it hit last week and has pushed back over .7820 this morning. The kiwi rallied in spite of a poll which showed a slide in NZD business sentiment to a two-year low during the third quarter. Bank of Japan Governor Haruhiko Kuroda joined Stevens in sending warning messages to the markets regarding the stalled economic recovery. The BOJ pledged to maintain their massive stimulus efforts for a prolonged period as they confirmed signs that the Japanese economy is probably slipping into a mild recession. Kuroda also joined with Stevens in his call for a weaker currency, stating that a weak yen is a positive for Japan’s economy. “If the currency moves reflect economic and financial fundamentals, they should be positive, not negative, for the economy. But these fundamentals themselves fluctuate, so it’s important to take this into account,” Kuroda said in an interview overnight. Data released today showed economic conditions in Japan worsened in August, slowing down further following the tax hike which took place earlier this year. Listening to these two central bank leaders, it is obvious to me that the ‘currency wars’ are still alive – as central banks attempt to devalue their currencies in an attempt to boost exports and growth in their own countries at the expense of others. Two of the most volatile currencies of the year moved higher yesterday as both the Brazilian real and South African rand booked nice gains vs. the US$. The South African rand gained over 1 percent vs. the greenback on Monday as the rand rode the wave of currency rallies as the US dollar dropped. Investors were also emboldened by the appointment of a new reserve bank Governor, Lesetja Kganyago who will hopefully bring some stability to the policies of the South African central bank. The Brazilian real rallied on the back of the surprisingly strong showing of Aecio Neves of the centrist Brazilian Social Democracy Party who is seen as a pro business candidate. Most polls had Neves in a distant third place as late as last week, and the expectations of the markets were for a run-off election between current President Dilma Rousseff and challenger Marina Silva. But a unexpected surge by Neves during the final week of the campaign pushed Silva down to third place and set up the runoff between Neves who garnered 33.6% of the first round votes and Rousseff who got 41.6% of the votes. The surprising surge of support for Neves has investors believing Rousseff may be forced to take a more ‘pro-business’ stance which would lead to better support for the Brazilian currency. The real will continue to be at the mercy of the latest polls as we work our way toward the second-round runoff on October 26th. Gold held on to the $1,200 handle overnight, after recovering from the low of $1,183.46 it hit on Monday. Yesterday’s price was the lowest level for gold since June of last year as investors worry about the possibility of higher rates here in the US. The strong rally in the dollar has put additional pressure on gold, which typically trades counter to the US currency. Unfortunately any signs that the US recovery is on track will probably lead to additional selling pressure on the precious metals as investors increase bets that the FOMC will raise rates earlier than previously thought. But I still think Chairman Yellen’s dovish nature will win out in the negotiations inside the FOMC, and that rates will likely remain low for an ‘extended period’ lasting well into 2015 which could reverse the recent slide. A return of the Chinese buyers tomorrow could also lead to a short term rally as both China and India have had extended holidays which kept these important precious metals investors from the markets. To recap, the dollar’s rally was reversed on Monday with several currencies booking over a 1% gain vs. the US$. The lack of any US data led many to believe this reversal was due to profit taking, and not a sign of a trend reversal. The BOJ and RBA both kept policy steady, and continued to try and ‘jawbone’ their currencies lower in what can only be called a continued ‘currency war’. Both the BRL and ZAR booked nice gains vs. the US$ but these currencies will continue to be volatile so buyers beware! And gold clawed its way back above $1,200 as the dollar lost ground. Currencies today 10/7/14.American Style: A$ .8775, kiwi .7807, C$ .8948, euro 1.2586, sterling 1.6055, Swiss $1.0391. European Style: rand 11.2551, krone 6.4902, SEK 7.2033, forint 244.51, zloty 3.3242, koruna 21.808, RUB 39.976, yen 108.70, sing 1.2784, HKD 7.7543, INR 61.445, China 6.1525, pesos 13.43, BRL 2.428, Dollar Index 86.088, Oil $90.18, 10-year 2.417%, Silver $17.28, Platinum $1,251.49, Palladium $765.25, and Gold. $1,203.89 Thanks to my buddy and co-worker Jack Stapleton for finding a ticket to last night’s Cardinal’s game, it was a great time! Playoff baseball in St. Louis just never gets old – I know the networks love the teams that don’t get there very often like our friends from across the state, but there is nothing like looking out over the sea of red which envelopes Busch Stadium and cheering for the Cardinals. I just hope they can win one more off of the Dodgers ace this afternoon and head to the NLCS for a second year in a row. I was out way past my bedtime last night as the networks delayed the start of the game which kept me out past midnight so I’ll be drinking a few extra cups of coffee to try and get through the day. I’ve got quite a lightning show going on right now looking east toward the ballpark, lets hope these storms blow through before this afternoon’s game time. I hope everyone has a Terrific Tuesday and thanks for reading the Pfennig! GO CARDS!! Chris Gaffney, CFA Vice President EverBank World Markets
Rock & Stock Stats Last Copper 3.07 3.11 3.25 Gold 1,223.18 1,244.10 1,296.90 Gold Producers (GDX) 20.77 24.10 23.55 Oil 85.82 90.42 102.89 Silver 17.39 18.86 21.90 One Month Ago Gold Junior Stocks (GDXJ) 32.50 37.60 36.11 Silver Stocks (SIL) 10.14 12.25 12.34 Dear Reader, News of a healthcare worker in Texas testing positive for Ebola has heightened concern about the disease among investors—and the population in general. I’ll tackle the issue and its implications for resource investors below. Before getting into that, however, I want to remind readers of two upcoming events at which fellow Casey Researchers will be speaking: Doug Casey, Jeff Clark, Nick Giambruno, Terry Coxon, and Paul Rosenberg will be speaking at the Grand Cayman Liberty Forum on Grand Cayman Island, November 16-20, 2014. There is a $300 discount for those with a link to the Liberty Forum. For more information, please call Opportunity Travel at 800-926-6575 or +561-243-6276, or see the event web page. Doug Casey will also be speaking at the New Orleans Investment Conference, October 22-25, 2014. Alan Greenspan will be there too, among other famous and infamous luminaries. For more information, please see the event web page. Now, on to the main event, which I hope will help sort out some of the facts and fears related to the outbreak. Sincerely, One Year Ago Louis James Senior Metals Investment Strategist Casey Research TSX (Toronto Stock Exchange) 14,227.36 15,471.89 12,894.41 TSX Venture 827.13 984.00 935.52
Recommended Link • Volkswagen is rapidly transforming itself into an EV company… It plans to have 25 different EV models and 20 plug-in hybrid vehicles by 2020.By 2025, it hopes to sell as many as 3 million EVs. Eventually, it aims to have the “world’s largest fleet of electric vehicles on the road.”That’s an ambitious goal. But Volkswagen is putting its money where its mouth is. In fact, it announced last Thursday that it will order €40 billion (about $48 billion) worth of EV batteries. That’s twice as much as the giant carmaker planned to order two weeks ago. It’s also more than Tesla’s current market value.Ultimately, the German carmaker plans to spend €50 billion ($60 billion) on EV batteries.This is a huge deal.• It tells us that Volkswagen is going for Tesla’s throat… It’s not the only major car company that’s reinventing itself, either. Ford, Jaguar, and even General Motors are going “all in” on EVs.In short, competition is heating up in the EV space.That’s great news for people all over the world. It means they have more choices when it comes to EVs.But this is bad news for Tesla. After all, these companies have the money, talent, and production capacity to go toe to toe with Musk.But I didn’t write this essay to tell you why I’m bearish on Tesla. (New readers can catch up on why I believe the company is in trouble here, here, and here.)I wrote it because Volkswagen’s big announcement confirms what I’ve been saying for months.Electric vehicles aren’t a passing fad. They’re the future. And you can turn this megatrend into fat profits. And no, it’s not by investing in Volkswagen or any other carmaker.The opportunity I’m about to share with you has much more upside… and is much safer.• I’m talking about copper… Now, most people don’t think of copper when they think of EVs…But it will play a massive role in this revolution.You see, the average electric car requires 330 pounds of copper.That’s four times as much copper as a conventional car requires. An electric bus, on the other hand, can require as much as 814 pounds of copper.This is because copper goes into the engines, windings, and cables that make up EVs. It’s even in their lithium-ion batteries.And that’s just the vehicles. Each charging station (which you can think of as gas stations for EVs) requires between 1.5 and 17 pounds of copper, depending on its charging speed.• In other words, the EV revolution simply wouldn’t happen without copper… So consider speculating on copper if you haven’t already.You can do this by buying the iPath Bloomberg Copper Subindex Total Return ETN (JJC), which tracks the price of copper.You could also speculate on copper miners. These companies are leveraged to the price of copper. So copper doesn’t need to rise much for these stocks to skyrocket.Just remember that mining stocks are highly speculative, so treat them accordingly. Only bet money you can afford to lose. Use stop losses. And take profits as they come.Investors who follow these steps will set themselves up for big gains without exposing themselves to big losses.Regards, Justin Spittler Buenos Aires, Argentina May 8, 2018P.S. Our resource guru, Dave Forest, has multiple ways to play the upcoming boom in copper in his International Speculator portfolio. These companies have huge upside today—and are still in buy range.And Dave says that copper isn’t the only industrial metal that will skyrocket from the EV revolution. Right now, he has exposure to the other key metals from this trend… ones still under the radar today. You can learn more about these metals—and the best way to profit—with a risk-free trial to International Speculator. Click here to learn more.Reader MailbagToday, readers respond to Doug’s recent interview on deploying troops to the border…Doug, that was right on. Thank you for that perspective because that is exactly what I concluded.– Otto Recommended Link Musk then took softball questions from a YouTuber who basically worships the ground he walks on. In short, Musk had no interest in answering difficult questions. But he was more than happy to answer questions that weren’t “boring.”Some people said this was unprofessional… Other people thought it was awesome. But the market wasn’t too pleased with Musk’s antics.• Tesla’s stock plunged 5.6% last Thursday… The sell-off wiped $3 billion off the company’s market value.But that wasn’t even the worst thing that happened that day. You see, Volkswagen dropped a bombshell just a few hours after Tesla’s earnings call.Volkswagen, as I’m sure you know, is one of the world’s biggest carmakers. That makes it one of Tesla’s biggest competitors.Of course, many people don’t think of Volkswagen this way. And that’s because the German carmaker is best known for making traditional vehicles that run on gasoline.But here’s the thing… By Justin Spittler, editor, Casey Daily Dispatch“Has Elon Musk lost his mind?”A friend of mine sent me this text message last week. It included a link to the article below from The Wall Street Journal.You can read that article here if you’d like. But it’s not necessary. I’ll tell you what happened.Last Wednesday, the electric vehicle (EV) maker Tesla had its earnings call. On the call, analysts asked questions about the company’s financial results, plans, and operations.But CEO Elon Musk was in no mood to answer tough questions. In fact, he said this after one analyst asked about the company’s capital requirements (i.e., if Tesla would need to borrow money again):Boring, bonehead questions are not cool—next. I think we should deploy politicians to the border. – RonaldIf you have any questions or suggestions for the Dispatch, send them to us right here. FREE EVENT: The #1 trade for today’s volatile market Vanguard CEO Jack Bogle and Carl Icahn have both gone on public record in the last month saying they can’t remember seeing a market this volatile. We’ve had days with the market swinging 100 points… 200 points… 300 points and more. And that’s a good thing. Because when you trade options the way I do, for every 1% move you see in a stock, it’s possible for you to see a return of 5%… 10%… even 50% or more… sometimes in as little as a few hours. Most folks don’t have a clue how to do this… That’s why I’m holding this free event to teach you how it’s done. Details here. — — Cure Cancer, Cure Alzheimer’s, Cure Parkinson’s, & Unlock the Code to Life Wrapped Up Inside DNA? Hidden inside 5 billion-year-old bacteria, scientists have discovered the key to unlocking the secrets of DNA. This could end genetic disease, save the global food supply, and grant us energy independence. Only three companies hold all the key patents. Click here to learn more.
Tuscaloosa Mayor Walt Maddox proposed a $209 million 2019 fiscal year budget at Tuesday’s Tuscaloosa City Council meeting.The boosted budget comes with several recommended increases, including more than $300,000 for police officers in Tuscaloosa’s elementary schools.Maddox said this is their best budget in years, thanks to revenue growth coming from more residents and more spending within city limits.The budget totals $209,180,425. Of that, $155,105,724 is destined for the general fund, and $54,074,701 is going toward water and sewer.Of that, the mayor is recommending nearly $386,000 to install police security in all of Tuscaloosa’s elementary schools, along with 10 new certified security guards.“(The budget will) allow us to improve our fire and rescue training program, and enhance our training and communications capabilities in our emergency responses, so overall I’m very pleased,” Maddox said.Maddox is also calling for a 2 percent cost-of-living pay increase for all city employees, and no increase in health insurance rates.“(The budget) allows us to invest in our employees,” Maddox said.Tuscaloosa residents, on the other hand, could see a $1 increase per month in garbage, trash and recycling. Maddox said that adds up to about $275,000 every year in revenue, and it’s used to offset increased operational expenses.“One dollar a month, $12 a year, that’s still very low when you consider that the subsidy that we provide is $1.8 million overall,” Maddox said. “What that means for the average customer is a savings of $77 per year.”Water and sewer rates may also see a 1 percent increase. Right now, the average residential monthly rate is at $56.71. Commercial rates average $258.But Maddox said that increase is the lowest in recent history.“On the water side, we have some of the lowest water and sewer rates in Alabama,” he said. “At 69 cents per month, I think that’s a pretty affordable option to have some of the highest quality water at the lowest prices in Alabama.”Next week the Tuscaloosa City Council will begin reviewing the mayor’s recommendations, as well as meeting with departments affected by the new rates.The 2019 fiscal year begins Oct. 1.You can give your thoughts on Tuscaloosa’s proposed budget, and where you think the money should be going at tuscaloosa.com/towardtomorrow. Information about the city’s current budget is available at budget.tuscaloosa.com.