Reunion Island voted best emerging tourist destination in India

first_imgReunion Island won the trophy for best emerging tourist destination from India in the second edition of the South India Travel Awards 2015 recently. The South India Travel Awards presented around 40 trophies, called ‘Maya’, to the winners of the different categories competing for the occasion. This meeting destination received the Black Maya prizes as the best in class for emerging tourist destination in India. This distinction rewards the company’s marketing strategy by Reunion Island Tourism (IRT) in the Indian market for two years now.The awards were presented by the Minister of Human Resources Development and the Principal Secretary to the Ministry of Tourism during the official ceremony held in Andhra Pradesh in South India.The South India Travel Awards 2015 in the category of best emerging tourist destination in India, is an excellent communication tool for meeting destination Reunion Island which wants to develop territory arrivals from the Indian market.last_img read more

Would the real San Francisco 49ers please stand up

first_imgWould the real San Francisco 49ers please stand up?After a dominating opening-game performance against the Minnesota Vikings on Monday Night Football, the Niners got smacked early and often in a 43-18 loss at Pittsburgh last Sunday.For the first time in 2015, we’ll get to see the new-look 49ers take on a division foe when they head to Glendale to face the undefeated Arizona Cardinals at University of Phoenix Stadium Sunday. • Cardinals ready for Kaepernick to scramble on third downs (CSN Bay Area)The Arizona Cardinals want to squeeze the middle of the field and force 49ers quarterback Colin Kaepernick to throw the ball outside the numbers, safety Tony Jefferson said on Tuesday.• 49ers’ O-line ranks last in pass protection (CSN Bay Area)While the 49ers own the league’s top rusher through two games, the offensive line ranks as the league’s worst pass-blocking unit, according to Pro Football Focus, which grades the performances of every player in every NFL game.• Anatomy of a Play: Colin Kaepernick’s 75-yard Touchdown Pass to Torrey Smith (49ers.com)One bright spot from the San Francisco 49ers Week 2 loss to the Pittsburgh Steelers was the second-half performance of the passing attack.Colin Kaepernick completed 22-of-31 passes for 274 yards and two touchdowns after the break. The biggest play came midway through the fourth quarter when the quarterback hooked up with Torrey Smith down the middle of the field for a 75-yard score.Tuesday, September 22• Right side of 49ers offensive line showing its warts (ESPN.com)The San Francisco 49ers’ rebuilt offensive line, with only one starter remaining at the same position he played at in the 2014 opener (paging left tackle Joe Staley), was a concern entering this season. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo • Colin Kaepernick: Not fun being down by 20-plus points (ESPN.com) Yes, Colin Kaepernick got his passing groove on late in the San Francisco 49ers’ 43-18 loss Sunday at the Pittsburgh Steelers.No, he did not have much fun in finding that rhythm with first-year 49ers receiver Torrey Smith.“I don’t ever see it being fun being down by 20-plus points,” he said Wednesday.• 49ers injury report: Bush plans to play vs Cardinals (CSN Bay Area)Bush sustained a calf strain in the first half of the 49ers’ season opener against the Minnesota Vikings. He did not make the trip to Pittsburgh. He remained in the Bay Area to rehabilitate.• Tomsula weighs in on Mitchell’s ‘low tackle’ against Hyde (CSN Bay Area)“He came in to tackle him low,” Tomsula said on Wednesday, the first time he has been asked about the play. “I put it as a low tackle. Carlos is a big, strong, physical back. That’s all I have to say about that. It’s not a knee or a hip, it’s a quad.”• Tomsula: No personnel changes planned for 49ers’ secondary (CSN Bay Area)Steelers quarterback Ben Roethlisberger completed 21 of 27 pass attempts for 369 yards and three touchdowns. Pittsburgh had pass plays of 59, 56, 48, 41, 35 and 28 yards. The 49ers surrendered an average of 13.7 yards for every Steelers pass attempt. After two games, Pinion ranks 24th in the NFL in gross average (44.4) and 15th in net (40.9). Meanwhile, Lee, a three-time All-Pro, ranks second in gross (55.0) and third in net (45.8).• 49ers’ Kaepernick free to run and gun (SFGate.com)In the season’s first two games, the 49ers have used far more of the pistol formation Kaepernick ran at Nevada and have frequently rolled him out of the pocket. The 49ers have run 45 percent of their plays (73 of 163) from the pistol — a shortened version of the shotgun in which the quarterback lines up only 3 or 4 yards behind center — this season, according to Pro Football Focus. Last year, they used the pistol only 6 percent of the time (65 of 1,088 plays). They have also used either a shotgun or pistol formation on 88 percent of their snaps this season (53 percent in 2014).• 49ers defense expects Palmer to look deep (CSN Bay Area)There is little doubt that if Carson Palmer has time to throw on Sunday when the Arizona Cardinals face the 49ers, he will look repeatedly for the home-run ball.• 6 Bold Predictions for San Francisco 49ers’ Week 3 Matchup (Bleacher Report)San Francisco 49ers starting running back Carlos Hyde will struggle against the Arizona Cardinals—that’s bold prediction No. 1. • Pros and cons of Colin Kaepernick: Does the good outweigh the bad? (SFGate.com)Colin Kaepernick set career highs for attempts (46) and completions (33) in the 43-18 loss in Pittsburgh. Overall, Kaepernick played solidly and corrected some mistakes from last week and last year. Here are the good and bad from Kaepernick in the game.• 49ers notebook: Kaepernick comfortable in revamped offense (San Jose Mercury News)“The biggest thing is I’m being asked to be myself this year,” Kaepernick said Wednesday. “I don’t think anyone knows how to be myself better than me. It’s a comfort zone for me.“It’s a situation where I’m not being asked to do things outside of my character.”Wednesday, September 23• 49ers defense singing the third-down blues (ESPN.com)The 49ers also had a hard time getting off the field on third down in the first half, with the Steelers converting four of five third-down opportunities and six of 10 overall. And if it seemed like Pittsburgh had some big plays on those conversions, you’re right.• 49ers’ Colin Kaepernick, Torrey Smith could be impressive tandem (SF Gate)The 49ers hope so after one of the few bright spots in their 43-18 loss at Pittsburgh on Sunday was a 75-yard touchdown from rocket-armed Colin Kaepernick to fleet wideout Torrey Smith. Top Stories center_img Comments Share • Jim Tomsula updates injuries for Torrey Smith, Reggie Bush, other 49ers (ESPN.com)The San Francisco 49ers had been one of the healthiest teams in the NFL after Week 1, with running back Reggie Bush the only player listed on the team’s injury report through last Thursday. But then receiver Bruce Ellington landed on it with a sprained ankle.• Colin Kaepernick: ‘We don’t play for moral victories’ (ESPN.com)Because while Kaepernick had his fourth career 300-yard passing game with 335 yards, 274 of those yards came after halftime … when the Steelers led 29-3.• Transcript: Tomsula addresses 49ers’ struggle on defense (CSN Bay Area)49ers head coach Jim Tomsula addressed the media in the aftermath of his team’s 25-point loss to the Pittsburgh Steelers.• 49ers snap count: Davis takes over as backup RB (CSN Bay Area)Jarryd Hayne opened the game Sunday as the 49ers’ backup running back against the Pittsburgh Steelers, but rookie Mike Davis quickly replaced him in that role while making his NFL debut.• Bowman: ‘You’re comparing this team to what we had in the past’ (SFGate.com)What happened to a defense that’s ranked among the NFL’s top five in yards allowed every season since 2011? Inside linebacker NaVorro Bowman provided the most sobering and honest assessment. All week, we’ll keep you updated on the happenings in the Bay Area as the 49ers prep for the Cardinals. Friday, September 25• Kenneth Acker expects Cardinals, Carson Palmer to test him like Steelers (ESPN.com)Has Kenneth Acker recovered from his baptism by fire at the feet of Antonio Brown this past weekend?If not, the rite of passage for the San Francisco 49ers’ first-year cornerback will continue this weekend in the Arizona desert against the likes of Larry Fitzgerald.• NaVorro Bowman returns to practice, Reggie Bush still out (ESPN.com)As noted earlier, inside linebacker NaVorro Bowman, who had a vet’s day off Wednesday, returned to practice and was a full participant. Meanwhile, running back Reggie Bush, who has not suited up since straining his left calf in the season opener, remained sidelined.• 49ers ‘strip’ back playbook for Colin Kaepernick (ESPN.com)Colin Kaepernick raised eyebrows Wednesday when he said, unsolicited, that he was now “being asked to be myself this year,” as opposed to the past, when he was “asked to do things outside of my character.”• Growing pains: Pinion, 21, aims to emerge from slow start (SFGate.com) “You’re comparing this team to what we had in the past,” Bowman said. “We had probably eight or nine vets on our defense.”• 5 Things We Learned from Jim Tomsula to Start Cardinals Week (49ers.com)The San Francisco 49ers coach spoke about cleaning up mistakes from the Pittsburgh Steelers game as well as looking ahead to a Week 3 divisional showdown versus the Arizona Cardinals. • On 49ers: Can defense gain its footing? It’s been done before (Sacramento Bee)There were plenty of problems Sunday in Pittsburgh, especially safeties who were either late arriving on deep passes or, in the case of Antoine Bethea in the second quarter, had a Steelers wide receiver blow past him for a touchdown.• Red-zone failures continue to haunt 49ers (San Jose Mercury News)What the 49ers want to play out better is their red-zone offense. Only 3-of-8 red-zone possessions have led to touchdowns this season. The Cardinals, Sunday’s opponent, are 7-of-7 through their two wins.Thursday, September 24• Reggie Bush still sitting out practice (ESPN.com)A week ago, the San Francisco 49ers’ injury report consisted of one player — running back Reggie Bush. But after Sunday’s 43-18 loss at the Pittsburgh Steelers, the report has grown to eight players.• Cardinals QB Carson Palmer expects 49ers defense to ‘clean up’ mistakes (ESPN.com)But while Palmer, like Roethlisberger, is a vet, he does not anticipate the 49ers breaking again on third down come Sunday in Arizona.“We’re not expecting that to happen,” the Cardinals quarterback said in a conference call on Wednesday, referencing the 49ers getting caught out of position often by bluffing at the line of scrimmage before the snap.last_img read more

In This Issue… Fed disappoints and risk assets

first_imgIn This Issue… * Fed disappoints, and risk assets get sold… * Aussie jobs losses wipe out previous gains… * China 2nd QTR GDP to print tomorrow.. * Chuck gets disturbed by the 5… And, Now, Today’s Pfennig For Your Thoughts! The Season Of Disappointment! Good day… And a Tub Thumpin’ Thursday to you! I hope it turns out to be a Tub Thumpin’ Thursday because right now, I’m just not feeling it! More like dragging the line! But don’t let me dragging the line stop you from a Tub Thumpin’ Thursday! I get there eventually today! Well… the FOMC meeting minutes were the cat’s meow for the markets yesterday, and boy did they come away feeling like someone just stole their puppy! Once again, the Fed has disappointed the markets, who, for some reason, thought for sure the FOMC meeting minutes would give them reason to believe that more stimulus was coming… I tried to warn them, if they had only read yesterday’s Pfennig, they would have known that Chuck said, the meeting minutes were stale… for they took place a full week ahead of the Jobs Jamboree disappointment… But, acting as if they were just left at the altar, the markets took their fury out on the risk assets… and they took no prisoners… The euro lost ground, the Aussie dollar (A$) lost over a cent, and Gold lost another $10… I just don’t get these trader guys (& gals) what the heck do they want? Well, I know what they want, but do they “really” want that? They think they want more stimulus, that the market can’t function without it… But in reality they want to be right… they want to be able to say, “see, I called this stimulus, and I was right!” Never mind the damage that the stimulus actually does to the country’s balance sheet… I was sitting at the desk yesterday watching the euro losing footing it had gained overnight once again, and began to think about what I had said at the start of this year… “That I wouldn’t be surprised to see the euro fall to 1.18, or rise to 1.40 this year”… I think the first part of that thought is about to come true, folks… Here’s why I think that way… Remember the Eurozone Summit, that took place a couple of weeks ago? Well, the Eurozone leaders surprised the markets by actually coming up with a plan, and a new suggestion to use the ESM for recapitalizing the troubled Spanish Banks… And the euro found some terra firma… but… not much, and soon that gained ground was lost… Now it’s been 2 weeks since the meeting, and nothing really has come of it… and now we learned the other day that 12,000 complaints have been filed in the German Constitutional Court (GCC) against using the ESM that way… It’s going to take the GCC most of the summer to get through everything and make their decision… That’s just too long for the markets, folks… In addition, summer is normally a slower time in the markets, especially in August when most of Europe goes on Holiday (vacation). The exception to that was last summer, when the U.S. debt ceiling debacle unfolded, giving everyone in the markets the willies toward the U.S. dollar… Now, when a few months ago, I thought that the U.S. election campaign would focus on the debt, and the debt ceiling issue will be revisited in August or September again, that the euro would be saved, for the moment, from revisiting 2005 levels of 1.18.. But, from what I’m watching on TV, the election campaign is going to focus on jobs… so out the window goes the knight on the white horse for the euro this summer… I’ve gone on pretty long here with regards to the euro, but since it is the offset to the dollar, it’s important, folks… But there you have it… Chuck’s thoughts on the euro for this summer… And since I’m in such a dour mood on the euro this morning… I might as well get this out there too… Yesterday, I mentioned that someone sent me a note about the Aussie dollar (A$) being overvalued… Well, I’m reading more and more research reports calling for the A$ to get downsized as China bottoms out, and struggles to regain their economic prowess. They all make sense to me, except… what if China takes the bull by the horns, and really turns their economy around, like they did in 2008? Of course that will take 3 or more months to confirm, so… until then we could be looking at cheaper levels to buy A$’s… So, as an A$ holder, you could very well take profits, and look to buy cheaper, or… just batten down the hatches… Why does it feel as though the dog days of summer for the currencies and metals, are right here, right now? Because that’s what’s happening! I wish I could tell you something different than this, but… as I say all the time… “it is, what it is”… This morning… Eurozone Industrial Production printed for May, and showed an increase of .6% VS April… with Germany providing the cushion for all the countries posting negative numbers. And while May’s number is good, it’s May’s number… that’s right, it’s two months old! I just don’t get why it takes so long for data to print! The other problem with the number… and that is, we could average out April and May’s IP and it would still be .9% below production levels of the 1st QTR… So, the slowdown in the Eurozone continues to extend its roots… And the forecasters in Australia were right for once, as they had forecast no job growth for Australia in June, and in fact it was negative… with June’s job losses wiping out May’s job gains… This was much weaker than expected or forecast, and it weighed heavily on the A$ as the night went along. It’s almost like a perfect storm for the A$, because now it will have to deal with the China 2nd QTR GDP report that will print tomorrow… I’ve already told you how it is widely expected that China’s 2nd QTR GDP will be very weak… But, again, let me go through this, for those of you who missed class yesterday. All those that attended can skip to the next paragraph, that is, unless you need a review… OK… the Chinese economy probably bottomed in the 2nd QTR… which means this GDP report is going to be ugly folks… and the knee jerk reaction to sell the A$ will be strong. But, everyone needs to calm down here… as I said above, the GDP report is old… and if the Chinese economy actually is rebounding in the 3rd QTR, then what good is it to sell A$’s now, on a old report? Alright… I’ve spent quite a bit of time on the euro and A$’s this morning… And China! What about the other guys? Well… let’s see… the Japanese yen is a bit stronger this morning, nothing to write home about, and the rest are following the euro and A$ down the road to the woodshed. Well… my mood just changed, and I can credit the song Black is Black by the Los Bravos… Ever want to get the blood going? Turn that song on… you’ll be dancing in your seat! The Bank of Japan (BOJ) also disappointed the Japanese market watchers by holding back on more stimulus… So, it’s the season of disappointment for the markets… I have to say that I’m somewhat impressed that the Central Banks, mostly the Fed, have held back on their feeling that the economy can be saved with stimulus. But, they will revert to that feeling soon, folks… so don’t go giving Big Ben Bernanke any gold stars now. Speaking of Big Ben… Yesterday, the FOMC meeting minutes noted that a “few members were for adding more stimulus”… I said to the boys and girls on the trading desk that “all of the members could feel that way, but unless Big Ben feels that way, no stimulus will be implemented”… Yes, this Fed is run just like Big Al Greenspan’s Fed… It’s pretty much like here on the trading desk… I remind the people here from time to time, that this is a benevolent dictatorship, and I can remove the benevolence at any time! HA! Well.. the third California city has filed for bankruptcy and seek protection… San Bernardino was the latest to file… And why isn’t this Big news? I’ve pointed to California’s debt problems for over two years, and still everyone is fixated on Greece… The problems for San Bernardino aren’t just confined to payroll, benefits and pensions… Nearly half of the homeowners in the city, with mortgages owe more than their homes are worth, increasing the risk that they will default on their loans. But, it’s all about Greece, or Spain or whomever, right? Well, the last time I checked… California was the 8th largest economy in the WORLD! I don’t think you would see Greece in the top 100… But, just like things in Greece… Things in California aren’t a problem, until they are a problem… sound likes a Yogi-ism… but its true… One day, investors and trader decided that things weren’t good in Greece, which for years was able to issue debt at the same yields as Germany… and then one day they couldn’t… It will be the same for the U.S…. and to further this discussion… Just wait until the Gov’t gets their hands into the California foreclosure problem and acts like they know what they are doing… Then There Was This… Federal Reserve Bank of St. Louis President James Bullard said the U.S. fiscal position is as weak as some euro-area countries’ and lawmakers must take “dramatic” measures to tackle it and restore confidence.“The U.S. fiscal situation is similar to that of some countries in Europe and requires dramatic and sustained attention,” Bullard said in a speech in London. “The political compromise in the U.S. has been to delay action until after the November election, but markets tend to pull the uncertainty forward.” Chuck again… Bullard went on to say something that I thought I would never hear from a Fed Head… Let’s listen in… “Increased government spending today followed by higher future taxes is not likely to produce more rapid growth,” he said. “The most likely way forward continues to be a long period of debt pay down and sluggish growth, both in Europe and the U.S., and that the most pressing policy issue is to accept this path and prevent any additional problems from developing.” Are you kidding me? Did a Fed Head actually say, a long period of debt pay down and sluggish growth? Why, yes, Chuck he did! Well… James Bullard gets a Gold Star! To recap… The FOMC meeting minutes, although they were stale, disappointed the markets and the markets took their fury out on the risk assets. The euro has fallen below 1.22 for the first time in some time, and Chuck gives us his dour outlook for the euro this summer. Eurozone Industrial Production was strong in May, but not as strong as the month reports from earlier in the year, thus confirming the economic slowdown of the Eurozone. June job losses in Australia wiped out job gains in May, and the A$ has lost over 1-cent overnight… Currencies today 7/12/12… American Style: A$ $1.0120, kiwi .7870, C$ .9770, euro 1.2190, sterling 1.5445, Swiss $1.0150, … European Style: rand 8.375, krone 6.1305, SEK 7.0385, forint 237.10, zloty 3.4540, koruna 20.8460, RUB 32.80, yen 79.30, sing 1.2725, HKD 7.7565, INR 55.86, China 6.3730, pesos 13.45, BRL 2.0360, Dollar Index 83.70, Oil $85, 10-year 1.49%, (proving once again that yes, Virginia yields can go lower in the U.S. ) Silver $26.69, and Gold … $1,563.85 That’s it for today… with only the Pacific Coast All Star Game on the tube last night, I turned my attention to reading and research…. It was quiet in the house as there was a swim meet, so, I did a ton of reading… This is very important folks… so I’m going to put it right here… Yesterday, our friends over at the 5-Minute Forecast wrote some disturbing stuff about a bank that was using Gold for trading purposes… They did this to highlight their new affiliation with a Gold dealer in Switzerland. Let me first say that I found this way of going about this to be very disturbing… EverBank has metals accounts, and we have never been short to customers’ holdings and will never be short to them. So, they weren’t talking about us… but given our long term friendship with them, wouldn’t it have been nice for them to simply say something like, “our friends over at EverBank tell us they have never been short to a customer’s holdings” and we trust them”? That’s all I have to say about that… I hope you have a Tub Thumpin’ Thursday! I’m searching high and low for mine… but it will come… Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.comlast_img read more

Recommended Links

first_img Recommended Links — – Last Chance: VIP Access To Doug Casey’s Shocking 2016 Forecast Doug Casey fears a severe crisis is brewing. Not a currency collapse or stock market crash. A specific threat that could wreak more havoc than the Great Depression. That’s why tomorrow, in an urgent broadcast event, Doug’s pulling back the curtain on his shocking warning. And revealing how to profit from it in the months ahead, in a big way. Last chance to get VIP access ends tonight. Click here now for full details. Is Now the Time to Buy Silver or Gold? Dr. Steve Sjuggerud: “One critical number will tell you if now is the perfect time to buy gold, silver, or the best precious metals stocks. This is how you get the biggest gains.” Full story here…center_img One of America’s key industries just gave us another warning sign… Last Wednesday, stock in Macy’s (M)—the largest department store in the U.S. and an iconic American brand—plunged 15%. The next day, department store Kohl’s (KSS) fell 9%… And on Friday, high-end retailer Nordstrom (JWN) joined the bloodbath, dropping 13%. The massive selloff—which the media is calling the “Retail Wreck”—was due to terrible first-quarter results. This is the latest bad news in what’s been an extremely ugly earnings season. As you may know, earnings season is when companies tell investors if earnings grew or shrank last quarter. A strong earnings season can send stocks higher. A bad one—like we’re in right now—can cause stocks to crash. Companies in the S&P 500 are on track to show a 7.1% decline in earnings. That would mark the fourth straight quarter that earnings have fallen. That hasn’t happened since the 2008-2009 financial crisis. • Retail companies have been some of the biggest losers this earnings season… Macy’s reported a 5.6% drop in its “same-store sales” last week. This metric measures how much sales rose or fell at stores that have been open for at least a year. Because it strips out the sales bump from opening new stores, same-store sales can tell us more about the health of a company than total sales. Macy’s sales decline last quarter was its biggest since 2009. As we mentioned, Kohl’s also had a poor quarter. Its same-store sales fell 3.9%, its biggest decline since 2009. And Nordstrom reported a 1.7% decline in same-store sales. • The retail sector can tell us a lot about the U.S. economy… This industry is a reliable economic indicator. It often flashes early warning signs when trouble is ahead. It’s not hard to see why. Consumer spending makes up 67% of the U.S. economy. When the economy slows, folks will stop buying designer jeans and expensive cologne to make sure they don’t miss a mortgage payment. They’ll hold off on buying a new watch to save money for the essentials. Today, many of America’s biggest retailers are trading like we’re in a recession. Macy’s is down 56% over the past year. Nordstrom is down 51%. Kohl’s is down 48%. • We don’t think these companies will recover anytime soon, either… If you’ve been reading the Dispatch, you know we think the U.S. economy is stalling out. The signs are all around. Corporate profits are drying up. Huge companies are laying off workers by the thousands. Global trade has practically come to a standstill. A slowing economy is bad for most companies. It’s especially bad for companies that sell “want” items—or things people would like to buy, but don’t need. “Want” items are the first place people cut spending when the economy slows. They buy off the clearance rack rather than the latest fashions. Nordstrom customers are already starting to cut back. Business Insider reported last week: Comparable sales for Nordstrom’s full-price businesses fell 5.4%, including a 7.7% drop at its US department stores… While sales are plunging in Nordstrom’s full-price business, comparable sales for the company’s off-price brands, including Nordstrom Rack—which sells steeply discounting clothes and accessories—grew 4.6%. According to Investment bank Morgan Stanley (MS), Nordstrom customers aren’t the only ones changing their spending habits. Business Insider continues: “Notably, this shortfall was entirely driven by lower trips/transactions,” Morgan Stanley analysts wrote in a note ominously titled “High-End Recession.” The declines confirm a terrifying new reality for high-end retailers: Wealthy shoppers are reining in spending and, along with the rest of American consumers, refusing to pay full price for anything. • Americans aren’t spending money like they used to… Macy’s and Kohl’s both blamed their bad results on the weather. They said folks bought fewer coats and scarves due to an “unfavorably warm winter.” Companies often blame the weather or other things beyond their control when they have a poor quarter. It’s much easier to do this than admit business is bad. We aren’t buying this excuse. Retail companies have much bigger problems than a warm winter. For one, Americans aren’t spending money like they used to. Fortune reported last week: Department store operators have been hit in the past year as consumers choose to spend on smartphones and electronics, dining out and travel, and invest in assets such as vehicles and homes. • Retail giant Amazon (AMZN) is eating “brick-and-mortar” retailers alive… Amazon isn’t your traditional retailer. It doesn’t own huge stores or employ thousands of cashiers. It runs an online store where you can buy just about anything with a few clicks of a mouse. It’s also one of the world’s most dominant companies. Its sales have increased for 77 consecutive quarters. Last year, the company’s sales topped $100 billion for the first time. Amazon has changed how people shop. That’s bad news for traditional retailers like Macy’s, Nordstrom, and Kohl’s. The chart below says it all… Last quarter, earnings for department stores in the S&P 500 plunged 48%. Meanwhile, earnings for large online retailers jumped 143%. Online retailers are stealing business from companies like Macy’s and Nordstrom. Amazon is the big reason why. Regards, Justin Spittler Delray Beach, Florida May 18, 2016 We want to hear from you. If you have a question or comment, please send it to feedback@caseyresearch.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. • E.B. Tucker, editor of The Casey Report, warned the retail industry was in trouble in November… Retail stocks were still hot at the time. The SPDR S&P Retail ETF (XRT), which holds 99 major retailers, was up 408% since March 2009. That was more than double the S&P 500’s 203% return in the same period. E.B. said retail sales were slowing, and warned that the retail stocks would soon rollover. He also warned that problems in the retail sector would soon show up in other parts of the economy: Consumers cut back spending on mostly unnecessary items first. Pretty soon, Americans are going to stop buying steak and start buying hamburger. When the economy sours, every penny counts. Before you know it, people are pawning off all the expensive junk they bought with cheap credit since the last financial crisis. That’s one way markets unwind seven years of excess borrowing and spending. Several major American retailers have tanked since E.B. made this warning. Watch maker Fossil (FOSL) is down 21%. Department store Sears (SHLD) is down 49%. Furniture company Restoration Hardware (RH) has plunged 64%. • E.B. is still worried about the economy… He’s advising Casey Report readers to “crisis-proof” their portfolios. E.B. recommends holding cash and physical gold. A cash reserve will save you from losing money if stocks sell off. It will also prepare you for the next big buying opportunity in stocks. Owning gold is another simple way to protect your wealth. That’s because it’s the ultimate safe-haven asset. It’s served as money for centuries. It’s protected wealth through history’s worst financial crises. And gold could also make you a lot of money if stocks crash. It’s already starting to take off… This year, the price of gold has jumped 21%. It’s at its highest price since January 2015. E.B. recommends you keep 10% to 15% of your wealth in gold to protect your portfolio against a stock crash or financial crisis. • E.B. isn’t avoiding stocks completely… He recommends owning companies that “feed the masses.” E.B. likes these stocks for a simple reason: people have to eat. Unlike retailers that sell “want” items, companies that sell food can do well no matter what happens with the economy. One of those stocks, Archer Daniels Midland (ADM), is up 21% since January. E.B. thinks ADM will keep rising even if the economy continues to struggle. That said, E.B. doesn’t recommend buying the stock at current prices. He rates ADM as a Hold after its big jump. But if you want to profit from “feeding the masses,” E.B. has another stock you can buy today. It’s a world-class agricultural product company with an impressive dividend history. You probably have this company’s top brand in your pantry right now… This stock is up 14% since January. It’s also paying a 5.4% dividend yield. That’s more than double the S&P 500’s 2.1% dividend yield. You can invest alongside E.B. by signing up for The Casey Report. Click here to begin your risk-free trial. • REMINDER: Today is your last chance to sign up for our Crisis Investing workshop… If you’ve been reading the Dispatch, you know we’re hosting a very special training event tomorrow. During this training series, you will learn one of the most powerful wealth-building strategies. Legendary investors like Warren Buffett, Jim Rogers, and even our own Doug Casey all used this strategy to build their fortunes. For the first time ever, Doug will share this great wealth-building secret in a free series of online training videos. You’ll also discover why this strategy has never been more crucial. It could up end being one of the most important events in our company’s history. If you’re interested, don’t wait to sign up. After today, we will close the doors to this free training series. Click here to reserve your spot. Chart of the Day Amazon hasn’t just crushed retailers. It’s crushed the entire stock market. Today’s chart shows the performance of Amazon over the past seven years. As you can see, the stock has been ripping higher. It’s up 935% since March 2009. That’s more than five times the return of the S&P 500. Chris Wood, editor of Extraordinary Technology, thinks Amazon will keep rising…but that doesn’t mean you should buy it at today’s levels. Here’s Chris: I like Amazon a lot as a long-term investment. It’s the seventh largest company in the U.S. in terms of market cap. Companies this huge often have trouble growing. But Amazon is growing as quickly as a much smaller company. Still, if you’re the type of investor who hold stocks for a year or less, I’d recommend staying away from Amazon right now. The stock has been making higher highs and higher lows since late March. This indicates a clear uptrend, which is a good thing. But the stock is getting expensive… Its price-to-sales ratio is up to 2.9, which is well above its five-year historical average of 2.1. In other words, investors are paying more for each dollar of Amazon’s sales today than they have in the past. Investors are paying a “premium” even though Amazon’s sales aren’t growing as fast as they have been. Annual revenue growth over the past year was 20%. That’s well below its five-year average of 26%. Slowing sales and a high valuation aren’t the only reasons to avoid Amazon in the near term. Chris explains: Another thing to consider is insiders selling Amazon’s stock. An insider is a person who knows more about a company than the general public. Think CEOs, board members, and upper management. Insiders sell stock for a lot of reasons. They might sell to diversify their holdings, pay for medical care, or take a nice vacation. They may also sell if they think the stock is going down. Amazon insiders have sold 2.2 million shares of Amazon stock over the past year, while buying exactly zero shares on the open market. Just this month, CEO Jeff Bezos sold more than $670 million worth of Amazon stock. There’s no way to know why these insiders are dumping Amazon stock. But it’s another reason to not buy Amazon at current prices. We’ll likely get the opportunity to buy Amazon at much better prices over the next few quarters.last_img read more

On Alexanders medical practice once she returned

first_imgOn Alexander’s medical practice once she returned to Charlotte: I’m sure to fill a need, a very stark…need, and to differentiate her practice, to build her practice, her caseload was largely based around gynecology, obstetrics, as well as early childhood diseases. She did treat a wide variety of these illnesses, and in fact, when she became the president of the county medical society, she spearheaded this entire campaign against hookworm, which was hugely prevalent in the South at the time and especially infected, unfortunately, children. She also later on grappled with this huge flu pandemic that swept across the South in 1918.Also there were pandemics involving malaria and typhoid as a result of the end of World War I. So she started off in gynecology, then worked into helping children and then eventually when she gained her prominent position as president of the medical society, she was able to spearhead entire campaigns branching out into what had formerly been territory entirely designated to male doctors.,This month WFDD will be taking a look at the stories of pioneering leaders in our series, “Her Voice: Revolutionary North Carolina Women.”,In the latest installment of our series “Her Voice: Revolutionary North Carolina Women,” we look at one of the first,Fifteen years before Rosa Parks refused to move to the back of the bus, another woman refused to give up her seat.,At the turn of the 20th Century, a 19-year-old African-American woman from Henderson, N.C., began building a school – the Palmer Memorial Institute – that would educate more than 1,000 black youth. Annie’s father was a doctor during the Civil War, and he had a female patient who was so embarrassed during this time period to be examined by a male doctor that she refused medical treatment, and she subsequently died. So her [Alexander’s] father decided that his daughter would go into medicine to maybe help rectify this issue. To his credit, he felt that there was a terrible choice to be made. ‘Shall I allow female patients to die out of their embarrassment, or shall I put a female into my doctor’s position and remove that embarrassment and thereby save their lives?’ So, clearly that was a noble position to take and one that was extremely novel for his generation, in the time period, to have to push his daughter to become a doctor. He benefitted a lot of people. But I wonder how much say in the matter Annie actually had. For the final installment of this month’s series, “Her Voice: Revolutionary North Carolina Women,” we go back to the 19th Century, to a town just outside of Charlotte and a time before women had the right to vote.Here we find Annie Lowrie Alexander, who would become the first licensed female medical doctor in the South. WFDD’s Bethany Chafin spoke with author and filmmaker Anna Fields about how Alexander became a pioneer in medicine.Interview HighlightsOn the beginning of Alexander’s career in medicine: On where Alexander did her medical studies:center_img At first her father hired a tutor and then supplemented that education with his own mini medical lessons. And then at the age of only 17 she went to the Women’s Medical College in Philadelphia. She graduated there with honors in 1884 actually, and moved to Baltimore where she spent another full year teaching anatomy and interning while she was studying for her medical license. She then passed the licensing exam in Maryland. She had the highest grade in the class of 100 students of which she was the only woman. Once she took the North Carolina medical exams and passed, she became the first female doctor in the entire South. So, pretty amazing. In Charlotte there was only one hospital. And so Annie remodeled her home so that she could see patients there as well. I’m sure there were many more patients than there were hospital beds, so she remodeled the first floor of her home into essentially a hospital ward, and she would see patients actually in the rooms above. She did slowly build up her practice. She was making rounds for the people who truly could not come to her home. She would make house calls on her horse-drawn buggy…until she finally purchased an automobile in 1911. This of course was Ford’s Model T. On Alexander’s caseload and the health issues she was passionate about:last_img read more

Billionaire Bill Gates Is Not a Fan of Cryptocurrencies

first_img Image credit: via PC Mag Next Article Guest Writer Enroll Now for $5 In a Reddit AMA, the Microsoft co-founder voiced concern about the anonymity of cryptocurrencies, which he said can facilitate criminal behavior. 3 min read March 2, 2018 Michael Kan –shares Microsoft co-founder Bill Gates is no fan of cryptocurrencies, which he says have become a vehicle for crime, and in some cases can result in people’s deaths.During a Reddit AMA on Tuesday, Gates said the anonymity of the web means cryptocurrencies can mask money transactions. “I don’t think this is a good thing,” he said.That same anonymity can facilitate tax evasion, money laundering and terrorist funding schemes. “Right now crypto currencies are used for buying fentanyl and other drugs,” he added, “so it is a rare technology that has caused deaths in a fairly direct way.”To be clear, the anonymity isn’t perfect; for instance, law enforcement and the IRS have been using software and experts to track bitcoin transactions. Nevertheless, cryptocurrencies have certainly become a favored tool among criminals to move money.One Reddit user was quick to point out that U.S. cash can be used to buy drugs anonymously, too. But in response, Gates said: “Yes — anonymous cash is used for these kinds of things, but you have to be physically present to transfer it.”Gates is the latest famous figure to weigh in on the cryptocurrency craze, which has drawn polarizing reactions across the business and tech world. His friend billionaire Warren Buffet has also warned investors to steer clear from the digital currencies.Others are more curious. Last month, Facebook CEO Mark Zuckerberg said he was interested in studying the “positive and negative” aspects of cryptocurrency technology. Meanwhile, Asian technology firms Line and Rakuten have unveiled plans to actively dive into the market.In the same Reddit AMA, Gates revealed that he’s particularly excited about robotics and virtual assistant software.”The most amazing thing will be when computers can read and understand the text like humans do,” he said. “Today computers can do simple things like search for specific words, but concepts like vacation or career or family are not ‘understood.’ Microsoft and others are working on this to create a helpful assistant.”Gates was also asked if he’d ever run for U.S. president, to which he said no. The Microsoft co-founder said he can accomplish more as a private citizen through his foundation, which is focused on solving poverty and disease.”I do think people are expecting too much from Government,” he added. “Yes Government can do better but local groups can do a lot that government can’t — helping out in schools, reaching out to people in poverty. This is also true internationally. I would like to see this civil society sector step up a lot more.” Bill Gates Billionaire Bill Gates Is Not a Fan of Cryptocurrencies Add to Queue Fireside Chat | July 25: Three Surprising Ways to Build Your Brand This story originally appeared on PCMag Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Reporterlast_img read more

Different types of myeloma need specific criteria diagnostic criteria

first_img Source:https://www.augusta.edu/mcg/ Reviewed by Alina Shrourou, B.Sc. (Editor)Apr 8 2019When our plasma cells start producing a single cancer-causing protein rather than an array of antibody-like proteins to protect us, it’s one of two arms of the Y-shaped protein that’s likely to blame.While increased numbers of either arm, called kappa or lambda light chains, is likely bad news that may ultimately mean multiple myeloma, to more accurately diagnose and monitor the condition, we need to evaluate the concentrations of each light chain differently, investigators report.The bottom line is that in a healthy or unhealthy state there are just more kappa light chains – actually four times more – so to use one standard for both types means cases of lambda-associated cancer or related precancerous states can get missed, the investigators say.”You have to have specific criteria for each because they don’t behave equally,” says Dr. Gurmukh Singh, vice chair of clinical affairs for the Department of Pathology at the Medical College of Georgia at Augusta University. The Walter L. Shepheard Chair in Clinical Pathology at MCG is corresponding author of the study in the journal Laboratory Medicine.”They both go up but kappa goes up a whole lot more,” says Dr. Won Sok Lee, MCG pathology resident and the study’s coauthor.The problem is current diagnostic criteria do not acknowledge that difference, they say.That is why the investigators would like to see the International Myeloma Working Group, which helps set standards for the diagnosis and treatment of patients with multiple myeloma, have criteria that reflect those differences, and that means expecting lower concentration for those lambda-associated lesions, says Singh.With current standards, there is a 30 percent false negative rate – meaning the diagnosis was missed – in plasma cell lesions and a 36 percent false positive rate in patients who actually don’t have it, the investigators say.Right now, physicians may get a variety of tests that look in the serum of the blood, the urine, or both for signs of the abnormal antibody and to see if the normal ratio of kappa and lambda light chains is off, and that’s the crux of the problem, they say.To put it more complexly, whether you have a kappa or lambda-associated lesion, the ratio of one to the other should be greater than 100 times more, according to current criteria.The MCG investigators say that acknowledging the usual lower number of lambda light chains means the ratio for lambda-associated lesions should instead be 12.5 times higher.The MCG investigators looked separately at the kappa- and lambda-associated patients and confirmed these very different numbers in each group, including those with diagnosed disease.While light chain numbers went up in all the patients with cancer or precancerous disease, they went up way more for those with kappa-associated lesions.”What we are saying – and what our data shows – is this criterion is not uniformly applicable to people who have kappa or lambda lesions,” Singh says. “We need to have different diagnostic criteria for kappa and lambda-associated disorders.”Related StoriesUsing machine learning algorithm to accurately diagnose breast cancerSugary drinks linked to cancer finds studyIT Faces the Digital Pathology Data TsunamiWhen the investigators looked at concentrations of these light chains in multiple myelomas, for example, they found the average concentration of serum free light chains was four times higher in kappa-associated lesions versus lambda. This was also true in patients with changes not yet considered cancer.Concentrations of the involved serum free light chain – involved means they were problematic, uninvolved means they were not involved in disease – were significantly higher in kappa-associated lesions. Interestingly, concentrations of uninvolved light chains – meaning kappa light chains in the presence of a lambda lesion – were present at twice the concentration in lambda-associated lesions.In fact, in the face of cancer, they found the concentration of lambda light chain levels was less than one-fourth that of the kappa chain. The level of kappa chains in lambda-associated lesions was twice as much as the level of lambda chains in kappa chain lesions, they say, and another reason that one ratio cannot be used to assess both lambda and kappa, they say.To further complicate the mathematics of figuring out what is problematic when ratios of the two start shifting, sometimes the ratio of kappa to lambda actually stays normal even when an abnormal immunoglobulin is showing up in the urine. Conversely, nearly 40 percent of patients have an abnormal ratio without having monoclonal gammopathy, the name for this condition when plasma cells start making a single immunoglobulin.All these variabilities mean some patients, particularly those with the less common lambda chain-associated lesions, could go undiagnosed, Lee says.Both kappa and lambda can be affected, but it’s usually one or the other, and once detected it’s the same disease and treated the same way. It’s diagnosing and following the disease that can be problematic, Singh and Lee say.In addition to looking at light chain concentrations, current tests also include protein electrophoresis, which enables physicians to literally see one huge blob of immunoglobulin rather than the usual smears made when plasma cells are making more like 100 million different ones.Just like the number of kappa free light chains is higher, so are the number of cases of kappa-associated cancers, Singh notes, but there are still many patients with lambda-associated problems that need to be identified.He and Lee reported this summer in the Journal of Clinical Medicine Research that light chains in both the urine and blood need to be examined when diagnosing monoclonal gammopathy. Current testing trends lean toward looking in the serum only which also can lead to problems detecting lambda-associated conditions.last_img read more

Study Temperaturerelated mortality decreasing in Spain over the past four decades

first_imgReviewed by James Ives, M.Psych. (Editor)Jun 24 2019Temperature-related mortality has been decreasing in Spain over the past four decades, according to a new study led by the Barcelona Institute for Global Health (ISGlobal), a research center supported by “la Caixa”. The study analyzed the Spanish population’s vulnerability to hot and cold temperatures in the context of global warming.The study, published in The Lancet Planetary Health, analyzed temperatures and deaths related to cardiovascular diseases recorded in 48 Spanish provinces between 1980 and 2016. Cardiovascular diseases are the leading cause of death in Spain and there is clear evidence of an association between temperature and cardiovascular mortality.The findings show that temperature-related cardiovascular disease mortality was 38.2% lower in the period between 2002 and 2016 than for the period between 1980 and 1994. Analysis of the data in 15-year periods revealed that temperature-related cardiovascular mortality decreased at a rate of more than 17% per decade.Specifically, heat-related cardiovascular mortality for the period 2002-2016 was more than 42% lower in men and more than 36% lower in women than in 1980-1994, while cold-related mortality was 30% lower in women and nearly 45% lower in men.Notable differences were observed between the sexes: heat-related mortality was much higher in women, while men were more vulnerable to cold temperatures. In older people, the risk of death attributable to high temperatures was significantly higher for both sexes, but in the case of cold the increase was significant only for men.”We observed two parallel phenomena,” explained Hicham Achebak, a researcher at ISGlobal and the Centre for Demographic Studies (CED) and lead author of the study. “First, over the past four decades the mean temperature has risen by nearly 1°C. The trend is towards fewer days of moderate or extreme cold temperatures and more days of high temperatures. Second, the Spanish population has adapted to both cold and warm temperatures. The number of deaths at a given temperature is lower now than it was four decades ago.”Related StoriesSP Scientific introduces new system for controlled rate freezing of biological materialsStudy finds increase in fatal opioid overdoses after cold weatherCardiac arrest survivor meets four Good Samaritans who saved his life one year after recoveryThe adaptation observed appears to be due to socioeconomic development and structural improvements–including improvements in housing conditions and health care systems. The authors highlighted a number of socioeconomic developments in Spain, including increases between 1991 and 2009 in per capita income (€8,700 to €22,880) and per capita health care spending (€605 to €2,182). In addition, between 1991 and 2011, the proportion of households with central heating went from 25.8% to 56.9% while the proportion of households with air conditioning rose from 4.16% in 1991 to 35.5% in 2008. Source:Barcelona Institute for Global Health (ISGlobal)Journal reference:Achebak, H. et al. (2019) Trends in temperature-related age-specific and sex-specific mortality from cardiovascular diseases in Spain: a national time-series analysis. The Lancet Planetary Health. doi.org/10.1016/S2542-5196(19)30090-7. The Spanish population has demonstrated a considerable capacity to adapt to rising temperatures. However, as this has not necessarily been the result of a strategy to mitigate the consequences of climate change, it is possible that this adaptive response is limited and will not be sustained at higher temperatures, as climate warming accelerates.”Joan Ballester, ISGlobal Researcher and Coordinator of the Studylast_img read more

Trumps Pentagon pick says he wont be bullied into making stupid decisions

first_img {{category}} {{time}} {{title}} Senator Angus King, a political independent from Maine who caucuses with Senate Democrats, responded by explaining why the top U.S. military officer must feel empowered to correct a president or explain something that ran counter to the president’s desired course of action.Milley replied by saying he and other Pentagon leaders, including Marine General Joseph Dunford, the current chairman of the Joint Chiefs, had seen a lot of combat and knew the costs of war.”We’ve buried these soldiers. Arlington (National Cemetery) is full of our comrades,” he told King at the hearing.”We know what this is about and we are not going to be intimidated into making stupid decisions. We will give our best military advice regardless of consequences to (ourselves).”Milley is widely respected among Democrats and Republicans in Congress and is seen easily winning Senate confirmation. U.S. officials also say he has a good rapport with Trump, who first announced his plans to nominate Milley last year, months earlier than expected.TENSIONS WITH IRANMilley would take over as the Pentagon’s top military officer at a time when critics in Congress are accusing Trump of politicizing the military, including with his deployment of U.S. troops to the Mexico border.It also comes as tensions simmer with Iran. Last month, Iran shot down a U.S. drone near the Strait of Hormuz, prompting Trump to order retaliatory air strikes, only to call them off.In the hearing, Milley declined to discuss military planning on Iran but dismissed a question from a Republican senator who asked whether there was any discussions of sending 150,000 U.S. troops to counter Iran.”I don’t think anyone is seriously considering anything approaching” that figure, he replied.Three Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain said on Thursday.Milley said there appeared to be an attempt by small naval vessels to “take over” a British commercial vessel.”Freedom of navigation is a fundamental principle and a norm for the international order that has been in place now for seven decades, and we have a crucial role to enforce that norm,” Milley said.If confirmed as chairman of the Joint Chiefs, Milley would not be expected to usher in any major strategic shifts for the U.S. military. His views on the threats from Russia and China are in step with Pentagon top brass and the Trump administration.As Army chief, Milley last year launched the Army’s Futures Command, which looks at ways to usher in a new generation of advanced weaponry to preserve the United States’ narrowing edge against potential adversaries like China and Russia.Another of Milley’s innovations at the Army was last year’s creation of special brigades to help advise local forces in counterinsurgency wars, including the nearly 18-year-old conflict in Afghanistan.Milley told the hearing that a premature exit from Afghanistan would be a mistake but noted “some progress” in efforts to find a negotiated settlement with the Taliban.The United States and the Taliban are getting closer to a deal that is expected to be centred on a U.S. plan to withdraw troops in exchange for a Taliban promise not to let Afghanistan be used as a base for terrorism, officials say. (Reporting by Phil Stewart and Idrees Ali; editing by Nick Zieminski and Jonathan Oatis) Related News World 10 Jul 2019 U.S. wants military coalition to safeguard waters off Iran, Yemen World 11 Jul 2019 Premature exit from Afghanistan would be ‘strategic mistake’ – U.S. generalcenter_img World 10 Jul 2019 U.S. seeks a Congress-approved deal with Iran – Hook WASHINGTON (Reuters) – U.S. President Donald Trump’s nominee to become his top uniformed military adviser told Congress on Thursday that he would not be “intimidated into making stupid decisions,” saying he would always give his best advice, regardless of pressure.The remarks by Army Chief of Staff General Mark Milley during a line of questioning about his ability to stand his ground in the Oval Office is likely to reassure Trump’s critics in Congress, who worry about the risk of impulsive decisions by the president on Iran, North Korea, Afghanistan and beyond.Still, Milley never referred directly to Trump nor suggested that he expected to face any such pressure when he said he would “absolutely not” allow himself to be intimidated.”I’ll give my best military advice. It will be candid. It will be honest … every single time,” Milley told the Senate Armed Service Committee during his hearing to become chairman of the Joint Chiefs of Staff, a position he would take on Oct. 1. Related Newslast_img read more