TOUCH FOOTBALL AUSTRALIA ANNOUNCE PARTNERSHIP WITH KOS SPORTS X-BLADES

first_imgKos Sports X-Blades have provided marketing material to TFA and this will be distributed to all affiliates in the near future to enable all members to access the full range of Kos Sports X-Blades products available. Touch Football Australia (TFA) announced a three-year partnership with Kos Sports X-Blades at the National Youth Camp over the weekend that will create exciting mutual opportunities and benefits for both the sport of Touch Football and the highly respected Sporting Goods giant.TFA National Men’s Open Coach Tony Trad, and Kos Sports X-Blades sponsored player, World Cup champion Garry Sonda, were on hand to help usher in the new arrangement.  TFA will benefit at affiliate, State, and National level, with incentives for National Players, individual States, Staff, and Referees that will involve various provision of products over the terms of the three-year corroboration.TFA will also broker the opportunity for affiliates to sell Kos Sports X-Blades products as a viable revenue stream.X-Blades originated in 1989 and Kos Sports in 1992. The company was originally established as a football boot manufacturer but has since branched into sportswear and hard goods in the mainstream sports market.Kos Sports X-Blades is the current license holder for the West Tigers Apparel and Boots (NRL), Netball Queensland, NSW, WA, and Tasmania Shoe supplier, Official Footwear supplier to the NSWRL, and Touch New Zealand.Kos Sports X-Blades also has an impressive log of super star players from across the various football codes on its books.Stephen Larkham (ACT Brumbies, ARU) Brett Hodgson (West-Tigers, NRL) and Adam Campbell (Freemantle, AFL) are a few of the high profile players to wear the Kos Sports X-Blades brand proudly.Prominent Australian Men’s Open Touch Football World Cup heroes Garry Sonda, Ben Robinson, Chris and Ash Farrow, Phil Gyemore, Matt Curran, Peter Stoddart, Joel Willoughby, and Scott Mitchell are amongst X-Blades stable of sponsored stars.X-Blades also boast four of Australia’s World Champion Women’s Open Touch Football Team on their books, including National Captain Sharyn Williams, Shelley Matcham, Teena Mc Ilveen, and Kylie Hilder.The exciting new arrangement between Touch Football Australia and Kos Sports X-Blades also involves the launch of a new Touch Football line called the “Genius” range. The “Genius” range, available in October, provides lightweight mid-sole boots that fit well with comfort, support, flexibility, and durability for the Touch Football enthusiast of all levels of ability and experience.From park Touch Football to the Elite level, Kos Sports X-Blades has the shoe to suit all standards and competitive interests.In the terms of the partnership, Kos Sports X-Blades have acquired naming rights to the National Touch League Open and Seniors Tournament, as well as the National 18 Years Tournament, two of Touch Football Australia’s showcase events on the National calendar.Bill Spyros, from Kos Sports X-Blades is delighted with the arrangement with Touch Football Australia.“This long term partnership further compliments a remarkable heritage with Touch Football in Australia, from an Australian company that specifically designs and develops high technology shoes for the sport. We see this long term partnership as a perfect fit to support not only the consistent growth of Touch Football, but also allow X-Blades to become introduced to a whole new generation of players.” Mr. Spyros said.last_img read more

Vale Ron Hanson

first_imgIt with great sadness that the NSWTA advises of the passing of one of the games originals, both a pioneer and a stalwart of our game, Ron Hanson.Ron has been fighting Parkinson’s disease for the past number of years and today, he succumbs to the disease but is now in comfortably resting in peace.Ron was an original, a pioneer of the game who began playing in the very first Touch Football competition at Pioneer Park in 1968 with his beloved Bronte mates. He was coming off his days as a leading 1st Grade footballer for the Eastern Suburbs Roosters wanting to continue with playing a game similar and Touch Football provided the perfect avenue. He was good at it too. He was named as the first NSW Captain when the team he lead played Queensland at Erskineville Oval on 4th of August 1973 and defeated the old enemy 15-1. Three years later in 1976 he was named the first Australian Captain of the team that successfully toured New Zealand. From all reports Ron was an inspirational captain on the field and the life of the party off it.Ron however was not content with just playing, he was involved in every aspect of the game. He coached at high levels, was a selector from park football through to national level, became an administrator of the sport and even refereed a few games here and there. Although if you talk to those who played with Ronnie, they will tell you he refereed most games in which he played.Whilst playing was his passion, he left an indelible mark on the sport through his time as an administrator and selector. As an Administrator he was Regional Director for the old Region 4 going back as far as 1994 and also took a stint at the helm of the Northern Eagles after the amalgamation of the three northern regions. As a selector he selected club, regional, state and national teams. He didn’t just restrict himself to one region either, he made himself available to all. He would often assist other regions around the state where he could and also helped out at the Defence Force nationals for many years as well.Touch Football Australia CEO, Colm Maguire, expressed his admiration, gratitude and condolences for Ron and his family. â€œRon has an incredible legacy in our sport which will not be forgotten.  It is not just what he did on the field as a leader but as a volunteer, Coach and Administrator that will also be remembered.  Ron and indeed his family have touched so many lives including mine personally.”Our deepest condolences and love are with Fran, Samantha and Brad. We are truly blessed to have spent time with Ron and we will be there to support all of you through this time.”His legacy is not only left as a member of our sporting community based on his achievements but will endure through the friendships and lives he has been deeply engaged in. We will all miss you Ron,” Maguire said. In 2004 the NSWTA recognised Ron’s immense contribution to the game at many levels with the awarding of Life Membership to the NSWTA. In 2010 Touch Football Australia bestowed on Ron, a medal named in his honour. Each member of an Australian contingent to be honoured as the parties Flag Bearer is awarded and announced as the Ron Hanson Medallist, again a testament to his standing in the game and the character of the man. For those who have received that medal, we are sure they will be just a little bit prouder today.Our thoughts are with his wife of 44 years, Fran and his children Samantha and Brad as well as his grandchildren and extended family members.He is a gentleman who will be missed but certainly not forgotten by the Touch Footballing family across Australia.Credit: NSW Hornets Touch Association  Related LinksVale Ron Hansonlast_img read more

10 months agoSouthampton striker Charlie Austin hit with flip-off ban

first_imgSouthampton striker Charlie Austin hit with flip-off banby Paul Vegas10 months agoSend to a friendShare the loveSouthampton striker Charlie Austin has been hit with a two-match ban.The 29-year-old was charged after appearing to gesture towards the Manchester City fans as he was substituted in Southampton’s 3-1 defeat at St Mary’s on December 30.Austin admitted the FA charge in relation to the gesture and will now miss the Saints’ Premier League clash with Leicester and their FA Cup replay against Derby.”Southampton’s Charlie Austin has been suspended for two matches with immediate effect following an independent regulatory commission hearing today,” the FA statement read.”The striker admitted his gesture in or around the 68th minute of the game against Manchester City on 30 December 2018 was abusive and/or insulting.” About the authorPaul VegasShare the loveHave your saylast_img read more

Vancouver Aquarium makes deal to stay in citys Stanley Park for 35

first_imgVANCOUVER — The Vancouver Aquarium will remain in the city’s Stanley Park for another 35 years under a new agreement it has reached with the parks board.Lasse Gustavsson, CEO of aquarium operator Ocean Wise, says the agreement provides the foundation for its five-year strategic plan with a focus on conservation and public education.The aquarium has been in the park since 1956.It has been locked in a legal battle over the board’s ban on whales and dolphins at the facility, but Ocean Wise says in a statement that it has dropped the legal action.It says the lease agreement confirms a commitment it made last year to no longer display cetaceans.The organization says it will also continue to invest in research programs, which have contributed to global knowledge of marine wildlife.“Ocean Wise aspires to become a global ocean conservation organization and wants to inspire people in every corner of the planet to participate in creating healthy oceans, but for most people the ocean is ‘out of sight, out of mind,’ ” says Gustavsson.“There are many threats to the ocean, but the greatest threat is that many believe someone else is going to save it. Ocean Wise has an important role to bring the ocean to the people and the people to the ocean, and the Vancouver Aquarium is one of the best tools we have to do that.”The Canadian Presslast_img read more

Attempt to break into Democratic Party voter data thwarted

first_imgCHICAGO – An attempt to break into the Democratic National Committee’s massive voter database has been thwarted, a party official said Wednesday, two years after Russian operatives sent the party into disarray by hacking into its computers and facilitating the release of tens of thousands of emails amid the presidential election.A web security firm using artificial intelligence uncovered the attempt. The DNC was notified Tuesday, it said. Hackers had created a fake login page to gather usernames and passwords in an effort to gain access to the Democratic Party’s voter file, a party official said. The file contains information on tens of millions of voters. The attempt was quickly thwarted by suspending the attacker’s account, and no information was compromised, the official said. The FBI was notified.The official wasn’t authorized to speak about sensitive security information and spoke to The Associated Press on condition of anonymity.Government and tech officials say it’s too early to know who was behind the attempt. The FBI declined to comment to the AP.The attempt comes as Democrats gather for their summer meeting. The party’s cybersecurity has been an issue since the 2016 presidential election, when Russian hackers compromised DNC servers and publicly revealed internal communications that exploited divisions between Bernie Sanders’ and Hillary Clinton’s campaigns as the two candidates vied for the Democratic presidential nomination. Hackers also accessed the email accounts of Clinton’s campaign chairman, John Podesta, and systematically released the contents throughout the fall campaign.It also comes a day after Microsoft announced it had uncovered similarly fraudulent websites created by Kremlin agents that spoofed two conservative outfits that are foes of Russia’s president, Vladimir Putin, presumably to trick unwitting visitors into surrendering credentials.Bob Lord, the DNC’s chief security officer, said the attempt showed how serious the cyberthreat is and why it’s critical that state and federal officials work together on security.“This attempt is further proof that there are constant threats as we head into midterm elections and we must remain vigilant in order to prevent future attacks,” Lord said in a statement.He said President Donald Trump isn’t doing enough to protect American democracy. Previously, Trump mocked the DNC’s cybersecurity and cast doubt on U.S. intelligence officials’ findings that Russia was involved.At a previously scheduled election security briefing Wednesday, Homeland Security Secretary Kirstjen Nielsen said the quick response to the attempted DNC hack showed that the system was working “and that different entities understand who to reach out to,” she said.“Any attack on a political party or a campaign is important for us all to take seriously,” she said, emphasizing the government was doing all it could to help protect election systems ahead of the midterm elections. At stake is control of Congress, which could potentially switch from Republican to Democrat.Amid the news, a Senate committee abruptly postponed a Wednesday vote on legislation to help states prevent against election hacking, frustrating Democrats and at least one Republican on the panel.The vote was put off by the Senate Rules and Administration Committee after a bipartisan group of lawmakers spent months negotiating the legislation. The bill would aim to protect state election infrastructure by requiring that all states use backup paper ballots and conduct audits after elections, among other measures. It would also require DHS to immediately notify states if the federal government is aware that a state election system has been breached.A Senate Republican aide said the vote was postponed because secretaries of state had complained about certain provisions, including the type of audits the bill would require. The aide said additional Republican support would be necessary to move the legislation out of committee. The aide was not authorized to speak about the committee’s reasoning and spoke on condition of anonymity.Republican Sen. James Lankford of Oklahoma, one of the bill’s sponsors, said after the vote’s postponement: “Congressional inaction is unacceptable.”The bill “will help states take necessary steps to further prepare our election infrastructure for the possibility of interference from not just Russia, but other possible adversaries like Iran or North Korea or a hacktivist group,” Lankford said.The DNC committee attempt wasn’t mentioned at a Senate hearing on election security Wednesday, according to senators who were present.States have been scrambling to secure their election systems since it was revealed that Russian hackers targeted election systems in at least 21 states in 2016, though the number is likely greater. There has been no indication any vote tallies were changed. Nielsen said at the briefing that states should have auditing systems in part as a safeguard so the public knows the vote tallies can be trusted.In Tuesday’s incident, a scanning tool deployed by the San Francisco security company Lookout detected a masquerading website designed to harvest the passwords of users of the login page of NGP VAN, a technology provider used by the Democrats and other liberal-leaning political organizations, said Mike Murray, the company’s vice-president of security intelligence. He said he contacted the DNC.The tool, which leverages artificial intelligence, has been in development for a year and wasn’t tasked to scan any sites in particular but instead to identify phishing sites based on typical attributes, Murray said.“This is the beauty of AI: It finds things that humans don’t know to look for,” he said.He said the tool notified Lookout before the impostor page had even been populated with content. “As soon as we realized how fast it was developing, I decided to reach out to contacts that I know at the DNC.” Murray also contacted the website hosting company, Digital Ocean.Ross Rustici, senior director for intelligence services at Cybereason in Boston, said a voter database is a juicy target for anyone trying to exacerbate political divisions in the U.S. or gain insight on political opponents.“The data housed in these types of databases would be incredibly useful both for domestic opposition research as well as for foreign intelligence and counterintelligence purposes,” he said.___Long reported from Washington. Associated Press writers Mary Clare Jalonick in Washington, Frank Bajak in Boston and Mike Balsamo in Los Angeles contributed to this report.last_img read more

Paris police bracing for more violent protests

first_imgPARIS — Anticipating a fifth straight weekend of violent protests, Paris’ police chief says armoured vehicles and thousands of officers will be deployed again in the French capital on Saturday.Michel Delpuech told RTL radio on Friday security services intend to deploy the same numbers and strength as last weekend, with about 8,000 officers and 14 armoured vehicles again in Paris.Delpuech said the biggest difference will be the deployment of more groups of patrol officers to catch vandals who roamed streets around the Champs Elysees last weekend, causing damage and pillaging.A sixth “yellow vest” protester was killed this week, hit by a truck at a protest roadblock. Despite calls from authorities urging protesters to stop the protests, the movement rocking the country has showed no signs of abating.The Associated Presslast_img read more

Construction on new Northeast Elementarys foundation to begin immediately

first_imgFORT ST. JOHN, B.C. – The School District #60’s Board discussed developments on the new Northeast Elementary School during its first meeting of the new school year on Monday.During the meeting, SD60 Assistant Superintendent Doug Boyd explained that construction on the new school’s foundation would start immediately, as the district already hired Yellowridge Construction LTD to manage said construction.“The Northeast school as you are well aware has received approval and will start with soil stipping,” said Boyd. “Our construction management term for this project is Yellowridge, so basically we’ve hired local contractors to do the screening.” The district will now tender a contract for work on the school’s foundation with an award coming in the next few days. Once the district awards the contract, construction will commence as soon as possible.“At this point, it’s only the weather that could give us hiccups or delays.”Boyd added that soil at the new school has already been stripped and moved to Margaret Ma Murray Elementary, where it will be used as a foundation for sod.The new school, which will be built on 86th street and 112th Avenue, is receiving $30.8 million from the province to go towards the project. Northeast Elementary is expected to be completed by the fall of 2021 and will host students from Kindergarten to Grade Six.last_img read more

Kovac Lionel Messi is the best player in the world

first_imgBayern Munich boss Niko Kovac believes that Lionel Messi remains the world’s best player, despite being omitted from the recent UEFA and FIFA awardsThe Argentine superstar was at his brilliant best on Tuesday night by netting a hat-trick as Barcelona secured a comfortable 4-0 win over Dutch giants PSV Eindhoven in the Champions League.Messi was recently left out of the three-man shortlist for both FIFA’s The Best award and the UEFA Player of the Year.But Kovac still believes that the 31-year-old sets the bar for everyone else.“For me, Lionel Messi is the best,” he told Goal.“It used to be that way, and it will continue to be so in the future.”Cristiano Ronaldo, Nemanja Vidic, Manchester UnitedVidic: “Ronaldo is the most professional footballer I’ve seen” Andrew Smyth – September 14, 2019 Nemanja Vidic opened up on how a 21-year-old Cristiano Ronaldo’s professionalism left him stunned at Manchester United.The Croatian also rates fellow five-time Ballon d’Or winner Cristiano Ronaldo highly.“Ronaldo is also a world-class player. His style impresses me. This is not innate, but trained. You have a lot of players with natural talent, but you have to develop your own talent,” said Kovac.“That’s what Ronaldo did in a fantastic way. Mohamed Salah and Luka Modric were also great last year.“The further back you play, the less you get into the limelight. But individual class ultimately decides the games.”Kovac will take charge of his first Champions League game for Bayern later this evening against Benfica.last_img read more

Empoli match a must win for Milans Gattuso

first_imgThe team’s manager believes his club can take the three points home when these two teams play each other tomorrow nightFor AC Milan’s boss Gennaro Gattuso the match between his team an Empoli is a “must win.”Both teams will play each other tomorrow night, as part of Matchday 6 of the 2018-2019 Italian Lega Serie A season.“We must win, I’m not looking for the perfect match but I want to take home the three points. It won’t be easy, they are good at moving the ball around and they strikers make the right movement. We really need a win,” he told the club’s official website.“We hadn’t scored at home to Atalanta in two years, but we wanted to win it. We played the game we had to play, but all of sudden we stopped and they had seven shots in the space of 25 minutes.”Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“We struggle when we have to run deep and trackback. Too many times it looks like we don’t like running but we also need to learn how to do the things we don’t like,” he explained.“When on the ball we know what to do. We need a change in mentality when off the ball. We don’t have time to wait, we are lacking some grit”.“We are leaving too many points behind, but we are not doing that bad. We need to keep believing in our qualities,” Gattuso continued.“I agree with the club: we need to improve our fifth-sixth place mentality and remedy mistakes that are preventing us from playing with continuity. At times we should be more clinical. We are lacking belief, it happens that we are afraid we won’t win, as it happened against Atalanta”.last_img read more

First 5 Ballon dOr nominees announced

first_imgSergio Aguero and Gareth Bale are among the first names selected for this year’s men’s Ballon d’Or awardBale is joined by fellow Real Madrid forward Karim Benzema in the shortlist, while Liverpool goalkeeper Alisson Becker is also among the first five names.Paris Saint-Germain striker Edinson Cavani made the cut after playing a starring role for both club and country last season.French magazine France Football will announce a shortlist of 30 names for this year’s Ballon d’Or award throughout the day.Kylian Mbappe, Paris Saint-GermainKylian Mbappe could return to PSG training next week Andrew Smyth – September 12, 2019 Paris Saint-Germain confirmed that Kylian Mbappe could make a return to training to next week as he continues to recover from a hamstring injury.The Ballon d’Or is a prestigious individual award that was first presented to Sir Stanley Matthews in 1956 and has since been awarded to the best player of the year ever since.Five-time winners Cristiano Ronaldo and Lionel Messi have dominated the prize for the past decade, although Luka Modric is considered the strong favourite for this year’s Ballon d’Or after claiming the FIFA and UEFA Player of the Year awards.But, as France Football releases the names in alphabetical order, there will be no spot for PSG goalkeeper Gianluigi Buffon or Arsenal forward Pierre-Emerick Aubameyang.last_img read more

Northbound Lane Of The Seward Highway Closed Due To Small Landslide

first_imgTraffic is currently backed up for a few miles due to the slide. Additional updates will be posted as they are made available. Facebook0TwitterEmailPrintFriendly分享Anchorage police and the Department of Transportation are responding to a landslide on the Seward Highway near Indian at Mile 105. According to APD dispatchers, the Mile 105 slide was first reported just after 7 p.m. and was blocking the highway’s northbound lane. Officers are at the scene and awaiting other personal.center_img According to reports traffic is being alternated in the southbound lane.last_img read more

Liberia Reports Dozens of New Ebola Cases on Border

first_imgIn this photo taken Thursday Nov. 20, 2014, Kissi Dembadouno, center, is comforted by relatives outside his home in the Guinean village of Meliandou, some 400 miles (600 kms) south-east of Conakry, Guinea, believed to be Ebola’s ground zero. Demnadouno lost his wife, daughter and two grandchildren to the deadly disease. He is Etienne Ouamouno’s father in law. The first reported case of Ebola is Etienne’s son, Emile, who passed away late Dec. 2013. (AP Photo/Jerome Delay)MONROVIA, Liberia (AP) — Dozens of new Ebola cases have erupted in Liberia, near the border with Sierra Leone, Liberian health officials warned Monday, marking a setback amid recent improvements.The flare-up is due to a number of factors including people going in and out of Liberia and traditional practices such as the washing of bodies, said Liberia’s Assistant Health Minister Tolbert Nyenswah.Forty-nine cases were reported in in western Grand Cape Mount County between December 1 and 25, Nyenswah told state radio.“In a very small population, an increase in the number of (Ebola) cases raises high level of concerns that we need to take very seriously as people of Liberia and people of Grand Cape Mount in particular,” he said.Nearly 3,400 people have died from Ebola in Liberia over the past year with nearly 8,000 cases total, though health officials say the situation has improved, especially in the capital, Monrovia.Sierra Leone, in comparison, has now eclipsed Liberia with more than 9,000 Ebola cases, according to the World Health Organization.last_img read more

CPIM suspends two secretariat members of Kolkata district committee

first_imgKolkata: The CPI(M) has suspended two secretariat members of the Kolkata district committee for not maintaining discipline of the party. The matter will be taken up by the party on November 15 and the matter is likely to be referred to the party’s Control Commission.It may be mentioned that CPI(M) had dropped Ritabrata Bandyopadhyay, party’s Rajya Sabha MP for flouting party discipline. Kaustab Chattopadhyay and Soumyajit Rajak are both secretariat members of the Kolkata district committee of the party. Also Read – Rain batters Kolkata, cripples normal lifeThere have been allegations of sexual harassment, expenditure disproportionate to the income and luxurious living against both of them. About six months ago, a video about the incident of alleged sexual harassment involving both of them went viral on social media. The matter had created a flutter in the party. Many of the victims had written to the senior party members demanding action against them. The party leaders also did not approve their style of living and both were cautioned. But they refused to obey and went ahead with their lifestyle. Finding no other option, the party suspended them for three months. Senior party leaders said action would be taken against them if found guilty.last_img read more

Young engineers imagine the Royal Marines of 2050

first_img Distant fish relatives share looks Ekranoplan with hatches open We recommend “The Marines form over 40 per cent of Britain’s special forces and are seen as the tip of the spear,” says Major General Matt Holmes, Commandant General Royal Marines. “Our objective has been to envisage radical capabilities to make us more agile and lethal, while being able to operate in a complex digital and networked future environment. We can’t say how much or how quickly the reality of these visions will come to fruition. But what we can say is that if only 20 percent of these ideas come to reality, then we will be at the cutting edge of tomorrow’s technology.”The predictions of the Royal Marines of 2050 were made into the short video below and some of the technology will be on display next month at the 2019 DSEi defense and security show in London. Even the gloves and boots will be high tech. The footwear will have piezoelectric devices embedded in them to convert and store energy as the Marines walk. When climbing cliffs, the gloves and boots can be electrically charged to make them sticky with extra-wide palms and soles for better contact with surfaces.If electric sticky pads are too slow and the cliff is small enough, the Marines will be able to opt for using silent micro-turbine jets to fly short distances or hop over obstacles and minefields.For going on the mission, the Marines will use Ekranoplan flying wings instead of landing craft. These are ground-effect vehicles that look like airplanes, but actually fly at extremely low altitude on a cushion of air trapped between the aircraft and the ground, allowing it to fly under the radar at 300 knots (345 mph, 560 km/h) even with heavy loads before switching to low speed for a silent landing using advanced stealth and camouflage technology. The Ekranplans will be protected by heavily armed escort drones connected by a neural network and “grunt” drones that use ion engines to maneuver and can both act as transports and laser gun platforms for covering fire. If the Marines need resupply or reinforcements, both gear and troops can be sent at supersonic speed using “sycamore” pods that are large enough to hold one person and kit. These can be fired from electromagnetic rail guns at a range of 100 mi (160 km), then descend safely using two sets of contra-rotating vanes that act like a parachute and recapture energy with a built-in dynamo.If food and water runs low, the Marines will have a 3D printer unit that can both distill water and turn the local flora and fauna into edible meals. It will even be able to print out simple replacement parts and tools. The sleeping mats are also a bit sci fi as they do triple duty with their solar panels and 80-in (200 -cm) tactical display screens.As to weapons, aside from having instant call on their ship’s rail guns and a variety of armed drones, the Marines will have rifles and pistols that incorporate both conventional rounds and lasers – both targeted through the visor display using target motion analysis algorithms for much faster and accurate fire. Live fast die young: Updating signal detection theory Phys.org, 2011 Powered by Phys.org, 2017 Britain’s armed forces has taken a look into the future through a team of young engineering graduates from the UK Naval Engineering Science and Technology forum (UKNEST) who have offered their predictions of what the Royal Marines will look like in 2050. Drawing on extrapolations of present technological trends, they foresee the elite combat arm of the Royal Navy using a suite of exotic gear, including bionic exoskeletons and chameleon-like camouflage that makes commandos “invisible.”Making predictions about the super soldier of tomorrow may seem like a bit of self-indulgent science fiction writing, but it does have a number of very serious goals. For one thing, it has the obvious one of sparking development of new military systems that will be needed in the years to come.But it can also give planners and politicians a heads up about what may be coming, so they can prepare beforehand, even if they have no plans to develop such things themselves. In addition, it can be a powerful recruiting tool for not only future Marines, but also engineers by showing them that their job won’t all be designing USB plugs and hair dryers. 2050 briefing aboard HMS Queen Elizabeth Prospectus addresses most pressing marine science questions Phys.org, 2012 Exoskelton infographic Phys.org, 2018 For the Royal Marines of 2050, a group of young engineers from various leading defense, technology, and engineering firms was taken to the Commandos’ Training Centre at Lympstone near Exeter to learn how the Royal Marines train and operate. They were then told to come up with new commando kit based around the scenario of a Royal Marine assault on an enemy clifftop missile site from a support ship well over the horizon. And from what they came up with, it’s clear that they took the bit between the teeth and ran with it.Operating from the supercarrier HMS Queen Elizabeth, the Royal Marine unit of 2050 will be equipped with special combat exoskeleton suits that will not only allow them to carry heavy loads and perform superhuman feats, but will also have built-in bio-monitors and an active chameleon skin that makes them seamlessly blend into the background – effectively, making them invisible. If that isn’t enough, the Marines will also be able to project holographic decoys to confuse the enemy.Meanwhile, their Bergen rucksacks will be lighter and stronger with incorporated motion dampers to make them less unwieldy, and they’ll be attached to the exoskeleton by magnetic links, so they’ll be easy to don and remove. Each Marine will also have his or her own personal drone to provide intelligence direct to their helmet, which is equipped with artificial intelligence and special visors or contact lenses that can display data or use heat signatures to distinguish combatants from civilians. Phys.org New rocketplane ‘could fly Paris-Tokyo in 2.5 hours’ Source: Royal Navy Yes No Scientists discover new species of ancient marine lizard Google Analytics settings I consent to the use of Google Analytics and related cookies across the TrendMD network (widget, website, blog). Learn more Phys.org Motor-boat noise makes fish bad parents, leading to the death of their babies Privacy policy Cliff climbing, 2050 Royal Marines 2050last_img read more

Live News traffic and weather updates for North Staffordshire South Cheshire on

first_img Watch Next Click to playTap to play Share this video StokeonTrent Live – we’re #localandproudStokeonTrent Live – we’re #localandproudVideo Player is loading.Play VideoPauseUnmute0:00/1:20Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:20 SharePlayback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button. UP NEXT:UP NEXT: Click for Sound The video will start in 1Cancel Play now We pay for stories! Send your videos to video@trinitymirror.comWelcome to Stoke-on-Trent Live’s breaking news service bringing you all the latest updates from Stoke-on-Trent and North Staffordshire on Monday, June 18. Our team of reporters will be updating this live service with all the latest on the weather, traffic and travel as well as news, sport and entertainment through the day. We’ll be bringing you the very latest updates in our live news feed below. For the latest news and breaking news visit www.stokeontrentlive.co.uk Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Follow us on Twitter @SOTLive – the official Sentinel account – real news in real time. We’re also on Facebook – your must-see news, features, videos and pictures throughout Stoke-on-Trent, North Staffordshire & South Cheshire. You’ll also find us on Instagram here . 20:24Reports of a cow loose on the M6“There’s a cow running free on the road between M6 junc 16 southbound and the Talke turn off on the a500! I saw it about 15 minutes ago, not an awful lot I could do, I’ve reported it to the police on 101.”19:24Slow traffic and partially blocked due to accident, two vehicles involved on A50 Westbound between A518 Derby Road (Racecourse roundabout) and B5030 Ashbourne Road (Little Chef roundabout).The accident is reported to have happened at around 18:45 and is on the roundabout near to the McDonalds. 17:23Reports of slow traffic due to broken down vehicle on M6 Southbound between J15 A500 (Stoke-On-Trent) and Stafford Services.The matrix signs are showing that there is a stranded vehicle along this stretch, however there are no official reports of any lane closures as yet. Stafford Services is located between J15 and J14. 16:20Slow traffic and traffic heavier than normal on M6 Southbound between J15 A500 (Stoke-On-Trent) and Stafford Services.Traffic is slower than usual along this stretch, awaiting further details as to the possible cause. Stafford Services is located between J15 and J14. 16:20A5007 Uttoxeter Road partially blocked due to building fire at Sandgate Street. Traffic is coping well.The road was fully blocked, however traffic can now pass the scene. 16:19A51 London Road in both directions closed due to spillage between Yew Tree Lane and Candle Lane.Road is closed outside Bridgemere Garden World to clean up spilled paint from a lorry. 16:19One lane closed and heavy traffic due to broken down vehicle on M6 Northbound between J14 A34 / A5013 / A5013 Creswell Grove (Stafford North) and J15 A500 (Stoke-On-Trent).Lane one (of three) is closed.15:50Nantwich paint job…A main road near Nantwich will be shut for several hours this afternoon after a lorry spilt paint.Nantwich Police says it happened at about 15:20 on the A51 London Road at Bridgemere Garden World.It’s expected to take two hours to clean up.15:06Queueing traffic and one lane closed due to broken down vehicle on A50 Eastbound between A50 / Upper Normacot Road and A50 / A520 Sandon Road (Meir Tunnel Interchange), congestion to A500 D Road (Sideway Roundabout).One lane is closed heading away from Stoke towards Meir. 14:48One lane of the A50 closed One lane of the A50 is closed due to broken down coach Westbound between A522 (Uttoxeter / Upper Tean) and A521 (Blythe Bridge Roundabout / Draycot). 14:14Road closed after multi-vehicle accidentEmergency services are currently responding to a multi-vehicle road traffic collision on the A34, Queensville, near to Queen’s Retail Park in Stafford. A road closure is in place, so please avoid the area if possible. 13:50Biker from North Staffordshire killed in crashPolice are appealing for dashcam footage after a 58-year-old biker died in a two-vehicle smash.The motorcyclist, from Newcastle, was riding on the A530, Middlewich Road, in Alvaston, near Nantwich, when he collided with a blue Mazda 5.Read the full story here.12:46M6 CheshireOne lane is blocked and traffic is heavy on the M6 southbound at junction 18, Middlewich and Holmes Chapel. Lane one, of three, is blocked within the roadworks area.12:25Uttoxeter Road, LongtonA5007 Uttoxeter Road partially blocked due to building fire at Sandgate Street. Traffic is coping well. The road was fully blocked however traffic can now pass the scene.12:16Crewe Green RoadReports of traffic on Crewe Green Road eastbound before the roadworks at the Crewe Green Roundabout.12:04A34 Congleton Road, CongletonTemporary traffic lights on A34 Congleton Road in both directions between Moss Lane and Walfield Avenue.Creation of new road layout to facilitate new housing estates. Until June 26.11:25Live: Latest cases from North Staffordshire Justice Centre as they happenDozens of defendants are due to appear at North Staffordshire Justice Centre today – and StokeonTrentLive has a reporter in court to capture all of the action.There are five courts operating at the Newcastle courtroom – and the cases start from 10am.Today’s cases include parents accused of not sending their children to school, an OAP charged with causing unnecessary suffering to a cow, a suspected rogue landlord, and a Hanley shopkeeper accused of selling counterfeit fags.Follow our live blog, below, with all of the latest updates.11:24A52 Werrington Road, BucknallA52 Werrington Road Westbound clear before A52 Leek Road (Lime Kiln Traffic Lights). 11:13A34 AstburyTraffic returned to normal on A34 Newcastle Road Northbound between Fol Hollow and Lower Heath Avenue.10:53Three hit by trainThree people have been killed after they were hit by a train south of London this morning. British Transport Police were called to Loughborough Junction in Brixton shortly after 7.30am. 10:46Live: Major Stoke-on-Trent roundabout expected to remain closed all dayA major roundabout is set to remain closed for the rest of the day and one person has been taken to hospital following a collision.The Heron Cross roundabout, just off the A50 near Fenton , is expected to remain closed for most of the day following an incident at around 9am this morning.Police officers revealed the road is likely to need resurfacing due to the amount of fuel that has been spilt onto the highway.Read more.10:37A34 Congleton Delays and queueing traffic on A34 Lower Heath in both directions at A536 Macclesfield Road, congestion on A34 Newcastle Road to The Village and on A534 to Sandy Lane. In the roadworks area. 10:23Trains diverted due to damaged overhead wiresRail users are facing delays in Cheshire because of damage to the overhead electric wires.Passengers travelling between Crewe and Wilmslow using the Arriva Trains Wales, Northern, Virgin, and CrossCountry services could have to divert through Stoke-on-Trent.While some passengers will be diverted other services may just be cancelled entirely or replacement buses could be offered.Read more.10:15Virgin West CoastService suspended on Virgin Trains West Coast between Wilmslow and Crewe due to overhead line problems at Holmes Chapel. Trains may divert via Stoke-on-Trent.09:58Biddulph to Brindley FordWe’re getting reports of slow traffic on A527 Biddulph Road coming from Brinley Ford Southbound at A5272 High Lane roundabout. 09:45Crosscountry TrainsServices at a stand due to overhead line problems on CrossCountry between Wilmslow and Crewe. 09:42Baths Road, LongtonSlow traffic due to A50 problems on Baths Road Eastbound between A5005 / A50 / Foley Road (Longton / Blurton) and A5005 The Strand / A50 Times Square. 09:29Overturned lorry in FentonA major roundabout is ‘partially closed’ because a collision caused a lorry to overturn leaving one person trapped in the cab.Read the full story here.09:09City road cordoned off due to fire in abandoned flatsParts of a major road have been cordoned off this morning as firefighters tackle a blaze is a disused block of flats.A ection of Uttoxeter Road, in Longton, is closed because of a building fire at Sandgate Street.Originally two crews were called to the scene shortly after 7.30am but the fire has now been extinguished and an investigation is underway into the cause of the blaze.Traffic monitoring company INRIX reports that Uttoxeter Road is closed but traffic is coping well.Read more.09:05Fire in LongtonWe are getting reports that Uttoxeter Road, in Longton, is closed this morning because of a building fire at Sandgate Street.We will bring you more as we get it.center_img Watch again Video will play in  StokeonTrentLive – we’re #localandproud Video Loading Video Unavailablelast_img read more

Fleetwide MSC for Me will debut on MSC Meraviglia this June

first_img<< Previous PostNext Post >> Tags: MSC Cruises Wednesday, March 8, 2017 Posted by Travelweek Group center_img Share BERLIN — MSC says it will roll out its new MSC for Me customer-centric technology on MSC Meraviglia, the cruise line’s first next-generation new mega-ship coming into service this June in the Mediterranean.The company unveiled MSC for Me this week at ITB in Berlin. MSC says it envisions a fleetwide roll-out of the program, to the 11 upcoming next-generation megaships — to be built under MSC Cruises’ industry-unprecedented nearly $10 billion, ten-year investment plan — as well as to its 12 existing cruise ships.The program will next be rolled out on MSC Seaside when the ship launches in November.As part of MSC for Me, MSC Meraviglia will be fitted with thousands of connectivity points, 700 digital access points, 358 interactive screens and 2,244 staterooms with RFID/NFC access technology.Key features available using MSC for Me are: Navigation: Digital way finder that provides guests on board with advice, guidance and information on what’s on. The technology is similar to smart maps and helps them find their way on the 1000+ foot long ships with a 16 foot precision. It also allows guests to locate their children, as needed.Concierge: Allows guests to easily book services, restaurants, excursions and more in real time, 24/7.Capture: Digital immersive discovery through Virtual Reality to preview excursions and a gallery with interactive screens showing the unique story of a guest’s trip, which they can share in real time.Organizer: A planning tool for guests to check in with their mobile device, book trips, seats for shows, or the best dinner table, before embarking or when on board.TailorMade: Digital, personal advisor that will provide tailored recommendations, based on preferences. Intelligent face recognition will help staff take care of guests in a highly personalized way. Interactive bracelets will connect guests to the ship’s services and will activate geo-located suggestions through 3,050 bluetooth beacons.More news:  CIE Tours launches first-ever River Cruise Collection“From day one, innovation has been at the very core of what MSC Cruises stands for,” said Pierfrancesco Vago, Executive Chairman of MSC Cruises. “Each time we bring to the market a new class of ship we develop a brand new prototype, so that we can best address the evolving needs of guests. This distinct approach has led to over 800% growth over the first 10 years since we entered the cruising business.”The length and scale of our investment plan is unprecedented in the industry, he adds. “It means that we aren’t just planning ships and experiences relevant to our cruise guests in the next few years, but to those we will welcome on board as far out as 2030 and beyond. Technology at the service of the guest experience is advancing at a rapid pace and that is why we’ve already invested about $21 million in the first two ships alone, to develop technology and infrastructure that is capable of meeting the needs of guests for years to come.”More news:  Flights cancelled as British Airways hit by computer problemWith 170 different nationalities sailing with MSC Cruises, the challenge for communicating effectively with guests is complex, says the cruise line. “There is a need to provide relevant information based on the guest profile, and the digital channels must facilitate the effective delivery of this information.”Additionally, MSC says its research shows that more than one in two guests are increasingly looking at customizing their vacation experience both before and during their cruise (59%), with one out of six guests (17%) claiming to do so only once they’re on-board. Nearly three quarters (73%) of guests claimed to be interested in a vacation at sea on a more connected cruise ship. MSC’s research also identified that more than two out of three guests (69%) wish to use a smartphone on board, and more than one in three (36%) uses a tablet while at sea.In 2016 MSC Cruises welcomed onboard its ships 1.8 million guests. By 2026 the company expects to welcome over five million guests a year. Fleetwide ‘MSC for Me’ will debut on MSC Meraviglia this Junelast_img read more

Cyfrowy Polsat has posted solid fullyear results

first_imgCyfrowy Polsat has posted solid full-year results. The company saw its multi-play customer base increase by 16% or 204,000 to over 1.5 million, representing over 26% of its overall customer base in 2017.The number of contract revenue-generating units now stands at 4.52 million.Pay TV subscriptions grew by 176,000 over the year to 4.9 million, boosted by sales of basic packages as well as multiroom and pay OTT services.Mobile customers increased by 202,000 over the year, while mobile internet services increased by 52,000 to 1.8 million.Cyfrowy Polsat posted revenues of PLN9.829 billion (€2.33 billion) for the year and EBITDA of PLN3.617 billion, with an EBITDA margin of 36.8% and net profit of PLN945.2 million. Free cash flow was PLN1.688 billion.Cyfrowy Polsat president Tobias Solorz said that the group had “responded effectively to the challenges” posed by strong competition and a tough market and highlighted the development of the multiplay offering and the acquisition of exclusive UEFA Champions League and Europa League rights for the next three years.last_img read more

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first_imgShareTweet CORNSHELL FIELDSCouncillor Elisha McCallionDC EMMA MARSHALLPSNIshantallowUPDATED NEWS: WOMAN AND TWO CHIILDREN CHEAT INJURY IN GUN ATTACK ON DERRY HOME Detectives at Strand Road investigating shooting in Derry’s Cornshell Fields area last nightDETECTIVES say a woman and two young children have escaped injury after shots were fired at a house in Derry under the cover of darkness last night.The shooting incident happened at Cornshell Fields area in Shantallow just after 11 pm.A number of people were in the house at the time but no one was injured in the cowardly attack. The shooting has been condemned by local Sinn Fein councillor and Foyle Assembly candidate Elisha McCallion.The former Mayor of Derry and Strabane said: “There can be no place for the use of guns on our streets.“I would call on anyone with information on this incident to bring it forward to the PSNI.”UPDATED NEWS: WOMAN AND TWO CHIILDREN CHEAT INJURY IN GUN ATTACK ON DERRY HOME was last modified: February 28th, 2017 by John2John2 Tags: The PSNI are keen to trace a white vehicle seen in the area at the timeDetective Constable Emma Marshall said: “Detectives are investigating and are particularly keen to trace a white vehicle observed driving in the area around the time of the incident.“We are appealing to anyone who may have any information regarding this incident to contact detectives at Strand Road Police Station on the non-emergency number 101, quoting reference 1312 on 27/02/2017.“Information can also be given anonymously through the independent charity Crimestoppers on 0800 555 111.”last_img read more

In This Issue   No taper talk   Second quart

first_imgIn This Issue. *  No taper talk *  Second quarter growth *  ADP on the rise *  Third time is a charm And, Now, Today’s Pfennig For Your Thoughts! Let’s hurry up and wait some more… Good day.and welcome to the month of August as well as another Thursday morning. The month of July ended up with more twists than a good thriller novel, but at the end of it all, the Fed was the main character and it looks like this will continue to be the case. It’s all about the Fed. What will the Fed think about this or that? How will the Fed react to this or that? Every bit of data is scrutinized as to how it would impact the Fed’s view on tapering. As data exceeds or falls short of expectations, the markets will continue their erratic behavior until the Fed is not so mysterious in their ways. Unfortunately, the Fed meeting did nothing to address any of the question marks that have been present in the markets for the better part of a month and a half. The statement following the meeting contained no new language on the conditions for maintaining the current pace of asset purchases. These statements are so open ended and can be interpreted in several different ways, but I think most economists would still consider this a dovish environment. The Fed did refer to the pace of growth as modest instead of moderate as it had in the past while they also acknowledged that housing has been strengthening but mortgage rates have been on the rise. The biggest change came by way of saying the committee recognizes that inflation persistently below its 2% objective could pose risks to economic performance, but it does anticipate that inflation will move back toward its objective over the medium term. This was apparently a nod to St. Louis Fed president Bullard who was banging the drum on the dangers of inflation running too low. Both you and I know that real world inflation is much, much higher than the government’s calculation, but they feel this low inflation could hamper growth. At the end of the day, all of the pomp and circumstance for tapering got pushed once again, so don’t expect any slowdown in market volatility for at least another month. Actually, at this point it’s actually closer to another six weeks since the next meeting will take place on September 17 and 18. If the Fed is concerned about higher interest rates via bonds and if they do decide to taper in Sept, who is going to be lining up at the door to buy such a low yielding asset. Will the Fed heads now shift focus toward doing what’s necessary to keep mortgage rates down? I guess we’ll need to stay tuned. Moving on to GDP, we had the initial reading of second quarter results come in much higher than expected. It’s still nothing that would light any fires, but the 1.7% annual pace beat the expected result of 1.0% as well as the first quarter’s revision down to 1.1% from 1.8%. So, let me get this right. First quarter GDP is at 1.1% and second quarter GDP is at 1.7%, so where is this progress that economists are pounding their chests about and justifying an imminent taper. From a realist standpoint, why would the Fed decide to taper in September when GDP yielded a sub-2% rate for a third straight quarter unless they are trying to cut deficit spending. As nice as it would be to say, I don’t think the latter is the case. When the bar is set low, its easy to get excited. Consumer spending slowed in the second quarter when compared to the first quarter, but I didn’t see any headlines bringing light to that bit. I saw where the revisions made to the way GDP is calculated added 0.6% to the 2012 bottom line, so now the economy grew 2.8% last year. In the end, we still have two more revisions before the third quarter results arrive, but if history is a guide, revisions haven’t exactly been friendly. Then again, the calculation is now different so we shall see. In the precursor to jobs jamboree Friday, payrolls as reported by ADP came in much higher than expected by rising to 200k. We also saw the June report get revised upward by 10k to 198k. The report indicated that manufacturers, construction companies, and other goods producing industries increased by 22k while payrolls at service providers climbed 177k.Thats great news to see employers added 200k workers in the month of July, but we need to know what kind of jobs we’re talking. There’s a big difference between part-time, lower wage positions compared to full time jobs that would contribute to self sufficiency and a money spending lifestyle the country needs to survive. While the spot light was solely on the US yesterday, we will see it shift across the pond as both the ECB and BOE have policy meetings going on as I write. The dollar finished the day lower, but it was interesting to watch it move throughout the day. After we had the US economic reports, the dollar shot up and gold was, at one point, down $20 as traders were getting juiced up on the better than expected data. Once the Fed statement failed to address any tapering plans, or really anything of any importance for that matter, we had a nice little turning of the tide. The Norwegian kone and Swedish krona finished the day in positive territory by close to 0.75%. There wasn’t any data to push them to the top, so it looks as though the big sell off after Swedish GDP disappointed may have been overdone. The rest of the currencies in positive territory had less than 0.5% gains on the day while the euro was able to retain the 1.33 handle as I walked out the door last night. The paring back of the dollar helped, but the number of people unemployed in the eurozone fell for the first time in two years. Since we’re only talking 24k people compared to the 19 million out of work, it didn’t impact the unemployment rate. A currency that has been seeing a lot of red, the Brazilian real, came to the surface for some air and actually appreciated a fraction of a percent. It was a very ugly morning for this currency yesterday as it fell to 2.3016 and marked the weakest point since April 2009. It looks like the Brazilian central bank is trying to defend the 2.30 handle as they intervened in the currency market three times yesterday morning and succeeded in propping the real to about 2.28. Higher inflation remains a problem in Brazil so a weaker currency helps fan the flames of inflation, hence the government action. As I came in this morning, the dollar is up pretty much across the board as the market is waiting for the ECB to do its thing. It’s similar to what we saw yesterday prior to the Fed meeting in that traders want to remain on the cautious side in case policy makers overplay the stimulus card. We did see a eurozone manufacturing report break into the positive side of 50 by rising to 50.3 in July. Other than that, just playing the waiting game. For What Its Worth.”In the end, I abandoned my initial aversion to holding gold,” concludes N. Gregory Mankiw in The New York Times. Mankiw is about as establishment as it gets – a “New Keynesian” who runs the Harvard economics department and was chairman of the White House Council of Economic Advisers under George W. Bush. A few weeks ago, a friend asked him if gold belongs in his investment portfolio. “My instinct was to say no,” but instinct wasn’t enough. So Mankiw dug a little deeper and made several shocking discoveries. To wit: .               “All the gold ever mined amounts to 174,100 metric tons. If this supply were divided equally among the world’s population, it would work out to less than 1 ounce a person.” .               “Its price is largely uncorrelated with stocks and bonds. Despite gold’s volatility, adding a little to a standard portfolio can reduce its overall risk.” Yes, we know. Your mouth is agape at such revelations. Wrote Mankiw, “A small sliver, such as the 2% weight in the world market portfolio, now makes sense to me as part of a long-term investment strategy.” Well, it’s a start. We also had Richard Russell, the dean of newsletter men who begain penning his Dow Theory Letters in 1958 which was the same year Mankiw was born say “I like the way [gold is] acting,” Mr. Russell has noticed the gold stocks – represented by the GDX ETF – are now trading above their 50-day moving average for the first time all year. “Since the miners tend to move before bullion,” he concludes,” I consider this action bullish for the whole gold universe.” To recap.The question marks prior to the Fed meeting still remain as there was no mention of tapering stimulus measures. The statement following the FOMC meeting is still dovish, while the Fed voiced concern about low inflation (government calculated) and rising mortgage rates. Second quarter GDP came in much higher than expected but remained below 2% for a third straight quarter. Personal consumption also fell while the ADP jobs report says we added 200k workers in July. The BOE and ECB meet today, so we’ll see if there are any sound bites. Norway and Sweden topped the list yesterday while the Brazilian central bank had to intervene three times in one day. Currencies today 8/01/13. American Style: A$ .8983, kiwi .7945, C$ .9706, euro 1.3228, sterling 1.5223, Swiss $1.0739, . European Style: rand 9.8776, krone 5.9266, SEK 6.5691, forint 225.86, zloty 3.1990, koruna 19.6025, RUB 33.0310, yen 98.76, sing 1.2719, HKD 7.7558, INR 60.4437, China 6.1778, pesos 12.7407, BRL 2.2746, Dollar Index 82.05, Oil $106.91, 10-year 2.60%, Silver $19.85, Platinum $1,440.55, Palladium $732.45, and Gold. $1,324.00 That’s it for today.I had a very nice surprise at the office yesterday as all of the folks in the St. Louis office threw a baby shower for me as well as the others who either recently had or will soon have a new edition. I am blessed to be surrounded with such a wonderful group and for that, I am thankful. Thanks again to all involved. The MLB trade deadline was yesterday, and much like the Fed meeting, there was a lot of chatter leading up to it but there wasn’t much action once the dust settled. That about does it for me today. Until tomorrow, Have a Great Day! Mike Meyer Assistant Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

In This Issue   Rate Differentials to narrow

first_imgIn This Issue. *  Rate Differentials to narrow? *  Gold sees attempt to recover fade. *  Chuck’s kiss o ‘death is still alive. *  ECB meeting to disappoint once again? Bullard Throws A Cat Among The Pigeons! Good Day! .  And a Tub Thumpin’ Thursday to you! The skies are a Tub Thumpin’ this morning, as we get pelted with more rain. The temperature is supposed to rise to 77 today, which puts us smack dab in the middle of the high chances of a tornado that would come out of the storms today. So, for all the local folks, if you here the warning sirens, head to the basement. Tornadoes are nothing to mess with! When I look out at the currencies and metals this morning they appear to have been scattered about by the bad storms too! Yesterday, after signing off, Gold took off for higher ground, and before you could say, “look at Gold”, it was up $15, and looking like it was ready to head back to $1,300. But that euphoria didn’t last, as Fed Head James Bullard decided to throw his two-cents into the discussion on interest rates. Well, St. Louis Fed President, James Bullard, really lathered up the markets a bit yesterday, and caused some slippage in the currencies & metals VS the dollar by saying that he expects a rate hike in the first quarter of next year.  This is 3 months ahead of the most aggressive interpretation of Fed Chair Janet Yellen’s “considerable time after QE has ended”..   It’s important to note that Bullard is a non-voting member this year, but if that’s how he feels now, imagine when he is a voting member next year!  But once again, I think the Fed Heads are being overly optimistic. And I address this later today, with a quote from Richard Duncan on the Fed’s Tapering.  I still believe that strong economic growth is far from given. and in fact I think it’s a pipedream.  But in either case, this comment by Bullard sure acts as a wakeup call for the markets. So, at first, when the markets got all loosey Goosey about Yellen saying that rates would rise after some considerable time after QE ends, that was fine. Let them be wrong! But now they are carrying this rate hike talk into the rate differential discussions, and that would be funny if it weren’t true!  But now the markets are saying, “that with interest rates in the U.S. going higher (as if that were written in stone) the rate differential to the Antipodean currencies will narrow. And therefore they see that as a reason to sell the Antipodean currencies! UGH!  For those of you new to class, the Antipodean currencies are those of Australia and New Zealand.  And now you know that I’m a lazy writer, in that I would rather refer to the two currencies with one word, instead of 5 words! HA! So, I hope you see what I’m saying here. the markets are already thinking that interest rates are going higher in the U.S. sooner than later (Chuck thinks later, and when they do they’ll soar higher, but let’s not let that get in the way of our discussion!) and therefore the U.S. dollar should be bought. Hmmm. Oh well, I think this too will pass, but for now, we have to let the kids play outside! And before we go on, it’s important to tell you about another non-voting Fed Head who differs in opinion with Bullard. Fed Head Williams who I’m told is a non-voting member this year, but. and that’s a big but and no I’m not going there again!  I’m also told that he used to work for Yellen at the SF Fed.  So the thought here is that maybe he has an inside to Yellen. Anyway, Williams said that “it makes no sense to start raising rates in the 2nd Half of 2015, and that the Fed needs to keep rates well below the historic norm of 4% even into 2017.”   WOW! Now. in my best Andy Rooney voice. Ever Wonder why Bullard got all the press, and Williams not a mention?  I think you know what I’m saying here, so I’ll just move along, for these are not the droids we’re looking for! The euro lost about ¼-cent yesterday, and is flat this morning ahead of the European Central Bank (ECB) meeting, that’s taking place as I write. Remember last month when the markets were convinced that ECB President Draghi, would announce additional stimulus, and I said “hogwash”? Well, who was right then? That’s correct it was little old me! HA! Well, this month, there are still some naysayers to the Chuck way of thinking and they are standing still with their thoughts that additional stimulus is coming from the ECB. Again, I say hogwash! Not now, anyway! Things are not dire in the Eurozone, Germany, the Eurozone’s largest economy, is seeing their economy grow, unemployment drop, and exports remain high, so you have to take a flyer on the additional stimulus in my opinion. So, the weakness in the euro the past two days, will most likely be a thing of the past once we get through today’s ECB meeting. The recent data from the U.K. has really been disappointing, especially given the strength of the data leading up to recent reports. I kept telling you all that the U.K. was not that strong! The recent report that confirms weakness is back is the services data which was very disappointing.  And then good old Mark Carney, you know the new Bank of England Gov. and former Gov. of the Bank of Canada, he of the bag of promises that never get out of the bag, is seeing what I was seeing. Carney told a newspaper that “There’s slack in the labor market that needs to be used up before policy makers raise interest rates.”   So, the pound sterling backs off its previous lofty levels, that were falsely pumped higher by shaky data. And as usual, Chuck puts his kiss of death on a currency by talking glowingly about it. Yesterday morning, I told you all about the 6 month moves in the Indian rupee, only to see it get whacked overnight, on what Bloomberg calls “technicals”.  You know, when a currency reaches a certain point on a chart that tells traders that they need to sell.  Long time readers know me, and I’m not a chartist, but I believe that in conjunction with fundamentals they can be useful at times. This is one of those times that I don’t think they are useful. So, maybe this whacking  is a good opportunity to buy at cheaper levels than prior to the whacking! Man! I just felt the building move! The light standards overhead are swaying back and forth, it must be a real doozy of a storm outside! Talk about scary! You know when you’re sitting in a chair in a building and you feel like you need to reach for the Dramamine that things are getting weird.  OK. my phone just said there’s a tornado in the area and that I need to take shelter, I’m going to step away for a minute. In my best Arnold voice. I’ll be back! China tried to address the economic slowdown in the country by announcing that they will introduce a package of measures to support the economy. The package includes: railway spending and tax relief.  And in concert with that announcement, the Chinese also pushed their currency, the renminbi / yuan, down this morning. With the first couple of days this week showing the Chinese allowing appreciation of the renminbi / yuan once again, I thought maybe their “teaching the markets a lesson” was over, and we could get back to the task at hand, which is an appreciating renminbi / yuan. But I guess not!  I guess the lesson is not over! Another BRIC currency, the Brazilian real, saw some love yesterday after the Brazilian Central Bank (BCB) hiked rates again, this time 25 Basis Points (1/4%) to an internal Selic rate of 11%… Of course that’s nowhere near where deposits get paid interest, but the point is that rates moved higher again in Brazil, as inflation continues to be a real problem in the country. I would have to think that the BCB is getting pretty close to tying the rate hikes into a bow. So, the real might be left to its own devices. and left to my own devices I probably would.  No wait! Didn’t mean to go all Pet Shop Boys on you this morning! Well, yesterday the U.S. Data Cupboard was good to the economy by printing a stronger than expected Feb Factory Orders report. Factory Orders for Feb grew 1.6% VS a -.7% in January. I guess the “bad weather” that affected everything else in February wasn’t at play here, eh?  So, good for Factory Orders. Unfortunately, the New York regional manufacturing index fell from 57 to 52 in March.  The ADP Employment Change for March printed at 191,000 jobs created, missing the target of 195,000 but the miss was small, so for the folks at home keeping score, this was a good report. not great, but good. Today, we’ll see the Data Cupboard yield the Feb Trade Balance (read deficit!) The Usual Thursday Weekly Jobless Claims, and the Challenger Job Cuts year on year for March.  And then tomorrow is the day the markets have been waiting for. the Jobs Jamboree that will show once and for all that the previous months bad reports were damaged by bad weather! Well, that’s what the markets think so far. Well, before I head to the Big Finish, I wanted to comment on a story that hit my email box yesterday from the WSJ, stating that, “for the FIRST TIME within General Motors, executives will be told of vehicle safety problems when they are first reported.”    In the words of a local car dealer, Are you kidding me?  I just cringe when I hear stuff like this, don’t you? I mean going back to the tech scandals, Enron, and so on, until now, you have to question why, foreigners would look to buy U.S. assets given all these things that continue to be revealed.  Investors here in the U.S. have grown comfortably numb to the scandals and just keep buying.  Need I say more? For What It’s Worth. I need to do some building of this story first, so here we go. Long ago I read a book by Richard Duncan called “The Dollar Crisis”   It sealed my beliefs of the dollar’s future, and when many people over the years would ask me what book should they read to get them started, I would tell them about this book.  Since then I’ve read “The New Depression”  and “The Corruption of Capitalism”  by Richard Duncan. All well worth someone’s time to read.  So, seeing that my friend, Bill Bonner, quoted Richard Duncan yesterday certainly caught my eye and led me to relaying that quote to you this morning, dear reader! First of all I need to tell you about Bill Bonner’s new letter titled: Diary of a Rogue Economist.   And can be found by clicking: http://www.bonnerandpartners.com/category/dre/ And then Richard Duncan talking about QE. “Duncan expects the coming quarter to produce a record of excess liquidity. The Fed is still pumping liquidity into the market at the rate of $65 billion every month. Meanwhile, it is tax time, so the government’s needs for borrowing will be relatively low. And according to Duncan, the difference between the available liquidity and the need for it in the regular economy has to go somewhere. But after this quarter, the outlook changes. The Fed is scheduled to wind down QE by the end of the year. And the federal government’s rosy budget scenario will begin to fade – meaning more government borrowing. That means the third quarter is expected to produce only a slightly positive excess of liquidity. And in the fourth quarter, says Duncan, the excess turns into a shortage. If the Fed persists in its plans to taper QE, in other words, the third quarter will likely see a selloff in the US stock market. This will give the Fed’s forward guidance a kick in the rearward quarters. Instead of continuing to taper, the Fed will panic. Its entire theory of life… its philosophy… and its sacred religion will be challenged. In its view, credit, prices and stocks must ALWAYS go up. “ Chuck again..  I see that Richard Duncan is in line with my call that the tapering of QE will be stopped this year. To recap.  Fed Head James Bullard threw a cat among the pigeons yesterday by pushing the envelope on the timing of the first Fed rate hike. The markets are now taking this newfound feeling that interest rates in the U.S. are going up, to the currency and metals markets, and talking about narrowing rate differentials to the Antipodean currencies, and so on. Chuck believes this is all gobbledygook, but you have to let the kids play outside. Currencies today 4/3/14. American Style: A$ .9240, kiwi .8545, C$ .9080, euro 1.3765, sterling 1.6590, Swiss $1.1275, . European Style: rand 10.6455, krone 5.9835, SEK 6.5110, forint 223.15, zloty 3.0315, koruna 19.9510, RUB 35.55, yen 103.90, sing 1.2625, HKD 7.7575, INR 60.20, China 6.1520, pesos 13.12, BRL 2.2682, Dollar Index 80.25, Oil $99.20, 10-year 2.80%, Silver $19.79, Platinum $1,434.25, Palladium $785.25, and Gold. $1,282.80 That’s it for today. Well, yesterday was our Antione Lawrence’s birthday, and while I knew it before I started writing, I had a brain drain while writing. So, Happy Birthday Antione!  I want to thank Cheryl Harper and Jessica Witt, for baking me birthday cakes that were brought in yesterday. I’m always gone on my birthday, so these two got together and decided to bake me my fave cakes for when I returned. A Pineapple upside down cake, and German chocolate cake were so delicious! Then the desk sang Happy Birthday to me, even though it was Antione’s Birthday! I truly appreciate the attention for my birthday, that for the past 6 years I’ve looked forward to so much. Well, it appears that my beloved Cardinals left their bats with hits in them, in Florida, for they’ve only scratched out 8 hits in two games. UGH!  And thoughts and prayers are needed for the folks at Ft. Hood, where a 2nd shooting in past 5 years took place yesterday. So sad.  And with that, I’ll get out of your hair for today. I hope you have a Tub Thumpin’ Thursday! Chuck Butler President EverBank World Marketslast_img read more