Two IAS officers of the Arunachal Pradesh, Goa, Mizoram and Union Territories (AGMUT) cadre have sought action against protesters who prevented government servants from attending the Republic Day celebrations in Mizoram’s capital Aizawl on Saturday.The officers, currently posted in Mizoram, are Krishna Mohan Uppu, Director of Transport and Additional Chief Electoral Officer, and Bhupesh Chaudhary, Registrar of Cooperative Societies.In his letter to six officers in the Union Home Ministry and the Mizoram government, including the Chief Secretary, Mr. Uppu said he was pained at being prevented from participating in the celebrations.The Joint NGO Coordination Committee, an umbrella organisation of five civil society and students’ groups, had boycotted the R-Day functions throughout Mizoram as a protest against the Citizenship (Amendment) Bill, 2016, that seeks to grant citizenship to persecuted non-Muslims who have come from Afghanistan, Bangladesh and Pakistan till December 31, 2014. The boycott saw Mizoram Governor Kummanam Rajasekharan address a near-empty ground.Mr. Uppu said he had reached the venue, Aizawl’s Assam Rifles ground, an hour before the start of the function with his fellow officers. “To our utter surprise, the representatives of the NGO had been standing guard along with the police personnel on duty at the entrance of the venue and prevented us from entering the venue,” said the 2009 batch IAS officer.Sensing there could be a “law and order situation” if they kept arguing with the protesters and “since the police personnel on duty were not discharging their duty”, Mr. Uppu said they had to leave with a heavy heart and feeling insulted after waiting about an hour.He sought a thorough investigation into the whole episode and “action against all concerned”.Mr. Chaudhary, in his letter to the Chief Secretary and other officers, said what had happened in Mizoram was “unthinkable in a free country”. The protesters, he said, not only prevented them from entering the R-Day venue but also ordered them to return to their official quarters “before any untoward incident happens”.A 2014 batch officer, Mr. Chaudhury wrote: “When we tried to reason with them, we were told that the government of Mizoram has reached an agreement with the NGOs where it was decided that only secretaries to the government of Mizoram and above will be allowed to attend the Republic Day function.”Like Mr. Uppu, he alleged that none of the duty magistrates and police personnel were willing to take any action against the members of the NGO. He too sought strictest possible action against all involved for publicly boycotting the R-Day celebrations.
About the authorFreddie TaylorShare the loveHave your say Man Utd legend Neville: Pogba danced on Mourinho’s graveby Freddie Taylor10 months agoSend to a friendShare the loveManchester United legend Gary Neville says Paul Pogba was “dancing on the grave” of Jose Mourinho yesterday.Pogba posted to his social media channels a photo of himself smirking shortly after the announcement of Mourinho’s departure from Old Trafford.Adidas claimed the promotional post was booked in advance, but Neville isn’t buying their excuse.”Manchester United are a better team with Paul Pogba in it,” Neville told Sky Sports.”That’s the first thing to say – he has huge talent, I actually have belief in him as a player. I actually liked him when he was at the club as a player as a kid, it’s not a personal thing.”Paul Pogba, there is no doubt, has fallen out with the manager. He doesn’t believe in him, he doesn’t like him, he doesn’t think he’s a good coach probably, and vice-versa.”Jose Mourinho doesn’t think Paul Pogba is as good a player as he thinks he is. There’s been a complete breakdown in the last six months between the pair of them, probably [over the last] year.”I do believe that dancing on the grave of the manager who has just been sacked is out of order.”Jose Mourinho lost his job and Paul Pogba and his people put that Instagram post out – don’t fall for this coincidence scheduled tweet nonsense, it’s garbage, absolute garbage.”
TagsTransfersAbout the authorFreddie TaylorShare the loveHave your say Liverpool boss Klopp blocks Origi saleby Freddie Taylor9 months agoSend to a friendShare the loveJurgen Klopp has blocked Divock Origi’s departure from Liverpool. The Belgian striker is wanted by Wolves, West Ham and Fulham.However, following Dominic Solanke’s transfer to Bournemouth, Klopp is not keen on losing any more of his attacking options, according to the Liverpool Echo.Liverpool had been open to selling the 23-year-old, who they value at £20million.Origi has scored 23 goals in 81 appearances for the Merseyside club.
Chelsea boss Lampard tells Pulisic to fight for placeby Paul Vegas19 days agoSend to a friendShare the loveChelsea boss Frank Lampard has told Christian Pulisic to fight for his place.Some in the USA have accused the Chelsea boss of favouritism because he is picking young English players ahead of the big-money signing from Pennsylvania.But Lampard said: “This is one of my difficult problems in this job, that I have good players and everyone has a story.“Christian Pulisic has a price-tag, Ross Barkley is an international player, Mason Mount is an international player.“Callum Hudson-Odoi has just signed a new contract, Bayern Munich wanted to buy him last summer, he is an international player.“Ruben Loftus-Cheek will come back and be an international player — and I can’t pick them all in the game, unfortunately.“All I have to demand of them is that they show me in training or show me in the game when they get the chances to play that they are worthy of their place.“That’s not to make me sound like a hard taskmaster, that’s just a brutal reality of my job. Next week I might be asked about two other names.”Lampard gave the USA international a chance against Grimsby in the Carabao Cup — and the implication is that he did not take it.Boss Lamps said: “I spoke to him two days before the Grimsby game and was very clear about the standards.“And we have to give him the fact he has moved country, moved leagues and is as young as all the young players we keep talking about. He has just turned 21.“What he needs to do is work daily and work to show within the group that he deserves to play.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Juventus veteran Mandzukic slashes terms to make Man Utd moveby Paul Vegas2 days agoSend to a friendShare the loveJuventus veteran Mario Mandzukic has slashed his £300,000-a-week wage demands in half.Mandzukic is wanted by Manchester United in a £10million January deal, with Ole Gunnar Solskjaer desperate for a striker, says The Sun.The 33-year-old was on the brink of an Old Trafford switch in the summer, but it collapsed over his salary.But Mandzukic wants to move to United, and will now take around £150,000-a-week to make that happen.The Croatian ace also has offers from Qatar, which he is happy to reject in favour of the Premier League.An Old Trafford source said: “His reps have been in contact and are willing to change their demands.”There will be other bonuses factored into the deal. It looks like one that could get done now.”Ole has long been an admirer of him and he is someone we have wanted for a number of years.”His experience could prove vital for the younger players in the squad. He is also a proven goalscorer.”
Consumer electronics accessory manufacturer Hama and smart TV specialist Foxxum have team up to strengthen their position in the international smart TV business.Foxxum will be responsible for the development of a smart TV portal solution and for support and marketing. Hama, which produces a wide range of accessories for multimedia products, photographic equipment, consumer electronics and telecommunications equipment, will enhance its multimedia offerings with smart TV and over-the-the top solutions and get its product lines ready for the next generation of TVs, according to the pair.“Smart TV offerings are the perfect accessory for the future of our multimedia devices. Foxxum is one of the main pioneers in the Smart TV technology sector, which combined with their professionalism and strong experience in the field make them perfectly qualified to advise us as to the commercial marketing of the Smart TV portal solution. We are confident that by efficiently combining the strengths of our two firms, we will create excellent new accessory products that will allow us to exploit new, lucrative revenue possibilities,” said Hama’s senior product manager Armin Walter.
Broadband and TV growth in Austria – and in Croatia– helped Telekom Austria partly compensate declining voice revenues in its home market in the third quarter. Telekom Austria had 278,700 TV customers in Austria, up from 263,000 at the same point last year, out of a total broadband revenue-generating base of 1.473 million.In Croatia, where Telekom Austria owns local cable and pay TV operator Vipnet, which in 2015 also acquired smaller operators Amis Croatia and CATV-047, it had 200,500 TV customers, up from 187,200 for the same period last year. Fixed broadband RGUs numbered 227,500.In Bulgaria, where Telekom Austria acquired local cable operator Blizoo, TV numbers stood at 471,700, up slightly since the end of 2015 and up from 124,100 at the same point last year, prior to the acquisition. Fixed broadband RGUs in Bulgaria numbered 423,800, up from 160,900 prior to the acquisition of Blizoo.In Macedonia, Telekom Austria’s TV base saw modest quarter-on-quarter declines through the year, taking its total to 123,600.Telekom Austria had 49,300 TV customers in Slovenia, where it owns cable operator Amis, up from 36,900 in Q315. Fixed broadband subscribers numbered 71,500.
“Firearms stand next in importance to the constitution itself. They are the American people’s liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurances and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference — they deserve a place of honor with all that’s good.” George Washington I can’t think of any reason I need to own my AR-15 assault rifle. I don’t pretend to need it for self defense. I also own several handguns. Any one of my handguns would be adequate to allow me an opportunity to defend myself, or another person, from virtually any act of aggression by another individual. Indeed, I could have easily halted any of the recent gun based rampages, by any of those deranged lunatics, with just one of my handguns. I wish I had been there. I have needlessly and peacefully owned my AR-15 for many years. I keep my AR-15 securely locked in a gun safe in the very same home where my young children live. My children are aware of my AR-15. Like many other things in life, I have taught my children about guns. Recently, some of my kids attended a private gun safety class given by a highly experienced gun expert. I enjoyed watching my kids learn about my AR-15. I admit being a bit nostalgic about my AR-15. I spent lots of time learning about every aspect of the AR-15 when I was in Marine Corps boot camp at Parris Island, South Carolina. I also carried an AR-15 when I served my country in Operation Desert Storm in Saudi Arabia. I had it with me when I lived in a dirt hole on the border of Kuwait. It is the weapon I know better than any other. I own lots of dangerous things I don’t need. I don’t need my highly modified 600+ hp Z06 Corvette, or my Harley Davidson motorcycle, or that crazy looking knife I sometimes jokingly say was imported directly from the Klingon Empire. All of these things can be used, intentionally or accidentally, to hurt others. Because I have always been careful, peaceful and responsible, none of the things I own have ever been used to hurt another person. I am an American. As such, none of my rights depend on a showing of need. I am a free man who has the right to define and pursue my happiness in any peaceful way I see fit. The government does not grant me rights. I was born free. The legitimate role of government is to act as my agent to protect my rights, which exist independent of government. Americans do not beg the government for rights nor are they required to demonstrate a “need” for rights. I cherish lots of my rights for which I can’t demonstrate any need. I don’t need the right to say highly offensive things to another person. Although I generally don’t try to offend other people, I cherish my right to do so. I also cherish, and would aggressively defend, your right to say highly offensive things to me. Defending the rights of people to say things most people agree with is entirely unimpressive. Liberty must always be defended at the edge. As a criminal defense attorney, I seek out unpopular clients. When I represented Elizabeth Johnson in what is sometimes referred to as the “Baby Gabriel” case, one of the things that attracted me to the idea of representing her was the fact that she was hugely unpopular. Defending the right to a fair trial starts with the unpopular client. Although I never have anything to hide, I cherish my 4th Amendment right to be free from unreasonable searches and seizures. I would never consent to a warrantless government search. Opportunities to defend the 4th Amendment usually arise in cases where people are engaging in some type of criminal activity. The cost of defending our rights in this area sometimes results in dangerous criminals going free. I frequently advocate for our right to be free from unreasonable searches and seizures on behalf of people who think nothing of trespassing on others. Indeed, I always advocate for the right to refuse searches in cases where there is nothing to hide. Protecting liberty in hard cases requires the work of the most committed liberty-minded Americans. Government never has a more tempting opportunity to increase its size, power and scope, and to curtail the liberties of free people, than during or immediately after a crisis. Indeed, crisis is so tempting an opportunity for government that governments invent crisis whenever possible. This is why “emergency acts” and “wars” on anyone and anything are so popular for governments. Nothing entices people to stop thinking, act impulsively, and to relinquish liberties so easily as a “crisis” or a “tragedy” or an “emergency.” We need to be smarter if liberty is to survive. Our world is unfortunately filled with real tragedies. The recent school shooting at Sandy Hook Elementary in Connecticut, orchestrated by a deranged lunatic with several guns, was one of the worst tragedies I have seen in my life. However, because of the magnitude of this tragedy, much like the September 11 tragedy, it presents an almost unprecedented opportunity for government to curtail liberty. Don’t be fooled! Banning Guns Is Un-American and Immoral “And that the said Constitution be never construed to authorize Congress to infringe the just liberty of the Press, or the rights of Conscience; or to prevent the people of the United States, who are peaceable citizens, from keeping their own arms; …” Samuel Adams The right to peacefully own a gun is such an important and fundamental American concept that it was enshrined in the 2nd Amendment to our Constitution. Millions of peaceful Americans own guns for various reasons, none of which need to be justified to the government or anyone else. Peaceful people owning guns is not a problem needing a solution. Countless Americans will peacefully own and even use their AR-15 weapons today without incident. Ignoring the obvious Constitutional problems with simply banning guns, such action would require immorally initiating force against peaceful people. People who abhor guns have no right to impose their will on peaceful gun owners. So long as peaceful gun ownership poses no harm or substantial risk of harm to others, it ought to be a protected activity like all other peaceful activities conducted by competent adults. Attempting to punish everyone for the acts of one or several deranged lunatics is immoral. Like most AR-15 owners, my AR-15 ownership has always been peaceful. Seeking to deprive me of my AR-15 because others have irresponsibly used theirs is akin to revoking my driver’s license because others have irresponsibly driven drunk, resulting in tragedy. People need to be held accountable for their own actions, but not for the actions of others. The Idea of Banning Guns Is Foolishness “They that give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” Ben Franklin It is estimated there are approximately 300 million guns in the United States. I suspect that estimate is conservative. The nature of criminals is such that they do not comply with the law. As such, we can predict, with absolute certainty, that the violent criminals who currently possess guns will not comply with any law requiring them to relinquish their guns. Additionally, I suspect many peaceful gun owners would similarly never comply with any law requiring them to relinquish their guns. As such, any law banning guns would be entirely ineffective and would actually make matters worse. All peaceful law-abiding gun owners would be disarmed and more vulnerable to violent criminals. We already have laws absolutely prohibiting convicted felons from possessing guns. As a criminal defense attorney, I regularly represent such people deemed “prohibited possessors” for the crime of simply possessing guns. Nobody working in the criminal justice system could seriously assert that laws banning guns for felons have been successful. A deranged lunatic named William Spengler ambushed and murdered two firemen in upstate New York on December 24, 2012. He was a “prohibited possessor” who previously served 17 years in prison. The law absolutely banned him from having guns. He had several. Thankfully, Mr. Spengler terminated his killing spree by shooting himself after being confronted and engaged by an off duty armed police officer who happened to be present. There is no doubt many more would have been murdered had an armed man not been present. Even if we strained our imaginations to think banning guns could result in abolishing all guns currently in existence, a gun ban would still be futile. If the failed war on drugs has taught us anything, it is that making something illegal, when there still exists a demand for the illegal item, absolutely results in a lucrative black market. There is no doubt a lucrative, vibrant, and violent black market in guns will immediately grow to whatever size is necessary to manufacture and supply violent criminals with guns. Such violent criminals would be enticed to engage in even more criminal endeavors knowing their law-abiding victims are entirely unable to defend themselves against such aggressions. Whether we like the conclusion or not, like marijuana, guns are here to stay. The facts of reality are such that bad guys with guns are an unfortunate fact of life. Our focus should be on how we deal with this fact rather than wishing the fact was otherwise. Gun Regulations Never Reduce Gun Violence and Usually Increase Violent Crime “The constitutions of most of our States assert that all power is inherent in the people; that … it is their right and duty to be at all times armed; … ” Thomas Jefferson I realize it seems counterintuitive, but it is true. The same unintended results occur in many other contexts as well. Just like minimum wage and rent control laws hurt the poor, banning alcohol results in more alcohol-related problems, raising taxes sometimes results in less revenue for the government, government spending results in fewer jobs, banning guns usually increases gun violence and never reduces it. The examples of gun control resulting in increased gun violence are easy to find. In 1976, after Washington D.C. instituted the toughest gun control laws in our nation, its murder rate increased dramatically during a time when the nation’s overall gun related murder rate decreased by 2%. Washington D.C., the nation’s leader in gun control, became known as the nation’s murder capital. A comparison of states which allow legally concealed guns to states which outlaw concealed carrying of firearms reveals no difference in overall gun-related violence. In 1982, when Kennesaw, Georgia passed a law requiring a firearm in every home, not only did crime not escalate, but violent crime sharply decreased and has remained that way for decades. Indeed, Kennesaw, Georgia claims to have the lowest crime rate of any comparable city its size in the nation. These counterintuitive results are not limited to examples within the United States. Australia boldly banned all semi-automatic firearms, including many rifles and shotguns, in 1997. Indeed, it was a gun grabber’s dream; approximately 640,000 firearms were confiscated and destroyed. This misguided Australian policy resulted in an armed robbery increase of 69%, an assault involving firearms increase of 28%, a gun-related murder increase of 19%, and a home invasion increase of 21%. Violent criminals love gun bans. I realize the proponents of gun control also offer statistics. However, when our most respected, unbiased and professional scientific and research organizations analyze the issue, their conclusions do not support the gun control advocates. In 2004, the National Academy of Sciences reviewed 253 journal articles, 99 books and 43 government publications evaluating 80 gun-control measures. Researchers could not identify a single regulation that reduced violent crime, suicide or accidents. In 2003, the Centers for Disease Control analyzed ammunition bans, restrictions on acquisition of firearms, waiting periods, registration, licensing, child access prevention and zero tolerance laws. After their analysis, the Centers for Disease Control concluded there was no conclusive evidence that any gun control laws reduced gun violence. Foreign researchers have also come to the same conclusion. In Australia in 2008, a peer reviewed study at the University of Sydney reached virtually the same conclusions as both the National Academy of Sciences and the Centers for Disease Control. Gun control measures simply do not reduce gun violence. Although President Obama appears excited about the notion of banning guns, I have not heard him order a ban on the very guns used to protect him. Apparently, when it comes to his protection, President Obama prefers to be protected by people armed with guns. Indeed, I suspect none of these gun ban advocates would hesitate to call 911 and request help from people armed with guns if they were faced with an intruder in their homes in the middle of the night. I fail to understand why we can’t all agree that guns save lives. Our Culture of Violence “Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!” Benjamin Franklin Unfortunately, we do have a culture of violence in America. It did not spontaneously arise. It is entirely our fault. There are several contributing factors. The single biggest contributing factor to our culture of violence is that our society no longer adheres to the once basic notion that initiating force against non-aggressors is wrong. We no longer recognize the sovereignty of the individual. Our laws are replete with instances of legal trespass against peaceful people. Rather than living in a democratic republic where most decisions are left to the property owner, we now have an unfettered democracy where anything goes so long as the majority of voters agree. This is not what was intended by the founders of our country, and it has no connection to freedom. Without freedom, there simply is no opportunity for peace. Democracy and freedom are not the same. To some extent, they are incompatible. Freedom requires that the owner retains jurisdiction over his or her own body, time, money and other property. Democracy puts the voting majority in charge of whatever is up for a vote. Said another way, democracy is akin to mob rule. At the infancy of our country, few things were subject to majority vote via democracy. Today, virtually anything and everything can be put to a vote. The jurisdiction of government has far exceeded anything envisioned by our founding fathers. The drug war is a fundamental example of government, or the voting majority, immorally exercising its jurisdiction over the bodies of competent adults. Despite the laws, many competent adults insist on controlling their own bodies. This has dramatically increased the amount of violence and conflict in our society. Indeed, until the drug war ends and we once again start respecting the sovereignty of the individual, there is nothing that can be done to effectively end the culture of violence destroying our society. The good news is that by simply ending the drug war, we can immediately and dramatically reduce the culture of violence. To be sure, few countries have such an intense war on drugs as we have in the United States. Indeed, our drug laws are entirely draconian, and we imprison far more people than any other country in the world. Our spending on the drug war will soon be approaching 100 billion dollars per year. As a result of all this drug war generated violence, we have a very high corresponding rate of gun violence. I have personally represented many clients charged with violent gun related crimes resulting from drug war related issues. Indeed, much of the gun related violence I see, as a criminal defense attorney working in the justice system for the past two decades, stems from the drug war. The United States does not have the highest rate of gun violence in the world. It should not be a surprise that several countries at the forefront of the drug war have an even higher rate of gun related homicide than the United States. The firearm related homicide rate, as a percentage of population, is higher in Mexico, Colombia, Costa Rica, Guatemala and Paraguay. The United States spends millions of dollars ramping up the drug war in these countries. There is no doubt that several other drug war involved countries have even higher firearm related homicide rates than the United States as well. I would be remiss if I failed to point out that these awful homicide rates in other countries persist despite much stricter gun control laws than in the United States. Indeed, Mexico has some of the strictest gun control laws in the world. Its laws effectively prohibit gun ownership. Not only do guns remain widely available in Mexico, but their gun related homicide rate outpaces ours. The same can be said of all these drug war countries. Attempting to blame our culture of violence on the availability of guns is entirely erroneous. Canada has a gun culture similar to the United States. Indeed, their ratio of gun ownership as compared to the United States is roughly equivalent. However, Canada enjoys a firearm related homicide rate dramatically lower than in the United States. It is noteworthy to point out that people who live in countries like Switzerland and Israel have greater access to even fully automatic weapons and have higher rates of gun ownership than in the United States, but enjoy much lower firearm related homicide rates. The number of guns simply isn’t the problem. Our culture of violence is more directly attributable to anti-freedom government policies which diminish and disrespect the rights of the individual. Guns, like other tools, can be used for both good and bad purposes. Demonizing the tool, while piling on more anti-freedom regulations and laws, without getting to the root cause of the violence, is exactly the wrong approach. We will never achieve a more peaceful society until we recognize that competent adults own themselves and the drug war is reduced to an awful historical mistake. How to Stop a Bad Guy with a Gun “To preserve liberty, it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them.” Richard Henry Lee Dangerous, violent people should not have guns. Additionally, people should not shoplift. We already have laws against both. Notwithstanding our laws, dangerous, violent people continue to, and always will be able to, obtain guns. Likewise, people continue to shoplift. Regarding the shoplifting problem, major retailers have accepted that shoplifting remains a fact of life and they have endeavored to combat the problem with private security guards, cameras, RFID chips, etc. As I often represent such people accused of shoplifting, I know these rational combative measures against shoplifting are reasonably successful. As a society, we need to accept the reality that bad guys will continue to get guns notwithstanding our laws. We need to devise appropriate, rational and effective measures to combat this foreseeable reality. Well-intentioned and famous Hollywood actors simply saying, “Never Again!” or simply passing more gun regulation laws will not combat the problem. As the tragic shooting at Sandy Hook Elementary in Newtown, Connecticut proves, the passing of more laws is entirely the wrong approach. Federal law prohibits the presence of guns in schools. It is clear the deranged Mr. Adam Lanza was entirely undeterred by this federal law. Indeed, this law may have encouraged Mr. Lanza to work his horrific violence at the Sandy Hook Elementary School knowing federal law provides that nobody could have the capacity to stop him. One unintended consequence of this federal law has been to create a guaranteed victim zone, comprised of children who are unprotected sitting ducks for any deranged lunatic such as Mr. Lanza. Additionally, Connecticut’s gun control laws also proved to be entirely ineffective. By stealing his mother’s gun, Mr. Lanza exempted himself from any laws regarding background checks, waiting periods, permits, licenses, etc. Neither unarmed security at the front door nor the presence of heroic yet unarmed adults at the school had any chance of stopping Mr. Lanza’s murderous rampage. Even the courageous school principal, who dashed toward Mr. Lanza in a heroic effort to protect her innocent students, had absolutely no chance and was therefore also tragically murdered. There can be no legitimate criticism of the local police. Their trained and armed police officers arrived as quickly as one could reasonably expect upon learning of the tragedy. However, by the time they arrived, the incident was completely over. They were not able to save even one life. The only thing that stopped the deranged Mr. Lanza was the deranged Mr. Lanza himself. One can only wonder how many more lives would have been needlessly taken had Mr. Lanza decided to continue shooting others rather than shoot himself. I wish I could have been there that day with my AR-15 rifle or even my .40 caliber handgun. This story would have had a different ending. What a shame that not even one peaceful, responsible, trained and armed teacher or parent could have been present, when Mr. Lanza arrived, to do the one thing that actually could have avoided this tragedy: shoot him. I can say, with absolute certainty, that one well-placed round from a gun could have saved the lives of everyone at the Sandy Hook Elementary that day. I don’t know if that well-placed round would have been the first shot fired, but I do know at least there would have been a chance to stop Mr. Lanza before he decided to stop himself. As a parent of five children in school, I prefer that my children are no longer unprotected sitting ducks at a federally mandated gun-free zone in school. The only way to stop these types of gun related tragedies is by force. I recognize that some parents feel differently than I do. For reasons I do not understand, they prefer to have their children at school totally unprotected in federally mandated gun-free zones. I respect their rights to have their children at schools which comply with whatever rules they deem appropriate. However, the current state of federal law prohibits parents from choosing schools which could actually protect their children against the horrendous acts of deranged bad guys like Mr. Lanza. Just like at my home, I would prefer to have my kids in schools where responsible adults, with adequate training, have immediate and safe access to firearms. I, like many parents, don’t want my kids to be unprotected sitting ducks while they are at school. I fail to understand why the anti-gun people find it appropriate to thwart my choice as a responsible parent. As I have stated, I respect the rights of the anti-gun parents to send their kids to schools without guns. I have heard their protestations that my plan to have armed people at school would not work. I don’t know why their judgment should be substituted for mine regarding the safety of my kids. Some of those parents claim that armed people at the school could make no difference if such a shooting was to occur. They are entirely wrong. There are many examples of occasions where armed people successfully terminated some deranged person’s gun rampage. Here is a short list of some notable examples compiled by the Libertarian Party: A 1997 high school shooting in Pearl, Mississippi was halted by the school’s vice principal after he retrieved the Colt .45 he kept in his truck. A 1998 middle school shooting ended when a man living next door heard gunfire and apprehended the shooter with his shotgun. A 2002 terrorist attack at an Israeli school was quickly stopped by an armed teacher and a school guard. A 2002 law school shooting in Grundy, Virginia came to an abrupt conclusion when students carrying firearms confronted the shooter. A 2007 mall shooting in Ogden, Utah ended when an armed off-duty police officer intervened. A 2009 workplace shooting in Houston, Texas was halted by two coworkers who carried concealed handguns. A 2012 church shooting in Aurora, Colorado was stopped by a member of the congregation carrying a gun. At the recent mall shooting in Portland, Oregon the gunman took his own life minutes after being confronted by a shopper carrying a concealed weapon. Moreover, the Internet is full of videos documenting peaceful armed people thwarting a violent criminal’s attempt to victimize others. I fail to understand why the anti-gun crowd refuses to acknowledge guns save lives. It is estimated, and there are several scholarly studies to support, that guns are used to prevent crimes between 700,000 and 2.5 million times each year. While I agree there are examples of bad guys doing bad things with guns, we should also agree there are millions of armed good guys who successfully and frequently stop bad guys with guns as well. Three Reasons Americans Have a Right to Own Guns “Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? Where is the difference between having our arms in possession and under our direction and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?” Patrick Henry There are three main reasons why Americans, or any free people, should have a right to keep and bear firearms. First, free people have a right to self defense. This is the most basic of all rights. Although government can legitimately act as one’s agent to assist in protecting against another’s aggression, the individual need not delegate or rely upon another person or entity for the exercise of that right. To deny a free and competent adult the right of self defense is to deny such a person their sovereignty. No society can be considered a free society, or even a civilized society, without the basic right to individual defense of one’s self. The second reason for a right to keep and bear arms is to deter possible foreign invasions. I acknowledge we live in a world where mass destruction is an option for many foreign governments. However, history has shown that foreign governments generally like to advance on territory they seek to make their own. As such, a radioactive wasteland is not the preferred trophy of most hostile governments. During World War II, Hitler’s Germany advanced against much of Europe. However, Switzerland, despite its vast gold resources making it an extraordinary prize, was not one of those places advanced upon by Hitler. One rational explanation for this lack of aggression by Hitler was the reasonable conclusion that Switzerland, with its exceptionally high proportion of civilian gun ownership, would have been an unusually difficult target. During the same time period, it is speculated that Japanese Admiral Isoroku Yamamoto reached a similar conclusion regarding a possible invasion of the United States. Some have attributed the comment, “You cannot invade the mainland United States. There would be a rifle behind every blade of grass” to the Japanese Admiral. Given our high proportion of civilian gun ownership, it also seems a reasonable conclusion. Indeed, it gives me a sense of pride, as I know it does many other veterans and other proud Americans, to know that in the unlikely event our country ever was invaded, we would not need to sit idly by, helpless, to assist in defending our country. Rather, much like the other civilian militia that was so instrumental in assisting to win our independence from King George III, we may also be able to assist in some way. The third reason for a right to keep and bear arms is, as Thomas Jefferson stated, “The strongest reason for people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.” Citizens have a right to keep and bear arms as a defense against their own government. Further, Mr. Jefferson also stated, “When the people fear the government, there is tyranny. When the government fears the people, there is liberty.” The founders of our nation believed people must always preserve their right to resistance and revolution against their own government. “And what country can preserve its liberties, if its rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms….The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants.” Thomas Jefferson. The founding fathers of our nation were keenly aware of the potential for governments to ban guns, then curtail liberty, enslave, torture or even murder their own naïve and trusting citizens. One can only wonder what the founding fathers would say had they been aware of the human slaughter suffered in the 20th century by unarmed people at the hands of their own gun grabbing governments. In the 20th century alone, the death toll resulting from governments murdering their own disarmed citizens after guns were legally banned is estimated at 56 million. Our founding fathers knew any government, including ours, has the potential to become tyrannical and even deadly towards its own citizens. I suspect many or even most of those 56 million murdered by their own governments believed their government could always be trusted. Let’s learn from history. “If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen.” Samuel Adams. As an aside, Marc Victor has agreed to join the faculty for the 2013 Casey Research Summit, being held October 4-6 in Tucson, Arizona. As this will be the only Casey Research summit held this year, we’re going all out to make it spectacular. On that front, next week we’ll have big news on the faculty. Watch your email for more.  Rifles don’t “assault” people. People assault people. Calling the AR-15 an “assault” rifle is inflammatory. I have been known to sometimes choose inflammatory titles for my articles. Like any other weapon, the AR-15 should be used solely for defensive purposes. I suspect the vast majority of people who own them, intend to use them only defensively.  See Star Trek.  I realize there are some things I could own which, by their very nature, cannot be owned by me in a community without posing a substantial risk of harm to others. Reasonable people can disagree about what things truly and honestly fit into this category.  See http://cameroneconomics.com/Books/unintendedconsequences.pdf  See http://www.cato.org/sites/cato.org/files/pubs/pdf/pa157.pdf  See the Laffer curve. Higher taxes inhibit economic growth and encourage people to conduct business in the black market. I am never in favor of higher taxes, and I always favor less revenue for the government.  For a short video on this point, see http://www.cato.org/multimedia/cato-video/government-spending-doesnt-create-jobs  See http://gunowners.org/sk0601.htm for an interesting but informal investigation into the efficacy of Washington D.C.’s gun control efforts.  Kennesaw City officials claim an 89% drop in the overall crime rate.  We have too many absentee parents. A cradle-to-grave government does not replace a set of involved parents. Our society is too desensitized to violence and wars and not interested enough in fostering peace. We have strayed from the old-school values of hard work, individual responsibility, honesty, integrity, discipline, tolerance, patience and respect. The government can’t fix this problem.  I refer to “property” in its most general sense to include one’s body, money, possessions and time.  For one example that occurred on July 13, 2012, see http://www.youtube.com/watch?v=hpBXkvigads I enjoyed watching how fast the two armed bad guys scrambled to leave when the senior citizen with the handgun emerged to protect everyone present. I bet the other people were glad this peaceful and heroic man thought to bring his loaded firearm. We can only wonder what tragedy was avoided that day.  See Armed: New Perspectives on Gun Control, New York: Prometheus Books (2001) Kleck and Kates.  There is some controversy regarding the legitimacy of this quotation. However, the fact remains that a high proportion of civilian gun ownership may have discouraged the Japanese and would certainly act as a deterrent to any potential invading force.  The Soviets murdered 20 million from 1929-1953; the Chinese murdered 20 million from 1948-1952; the Germans murdered 13 million from 1939-1945; the Turkish murdered 1.5 million from 1915-1915.
Over the past month, gold has seen a considerable decrease in price, dropping almost 15% since the beginning of May. If this trend continues, gold will have its first losing year since 2000. This has led many investors, from the housewives of China to the bankers on Wall Street, looking for a bargain in gold prices. However, what they don’t realize is that there is already a bargain available – in uranium. Despite being the source of 20% of electricity in the United States and 35% in the EU, its price remains at multiyear lows. Yes, gold has dropped a lot in the past month, but an ounce of gold can still buy almost 35 pounds of uranium at today’s prices – that’s much more than the historical average of 22 pounds. In fact, back in 2007, an ounce of gold would only net you about five pounds of uranium. What does this mean? If you consider paper fiat money to be worthless and gold as real money, then the fact that you can buy more of uranium with gold means that uranium is cheap. Right now, we are clearly in the territory of “uranium is cheap relative to gold.” Since these types of ratios have a way of going back to their historical averages, this means that in a gold bull environment, uranium is set to increase even more. Still not convinced about uranium? Watch our free online video event, The Myth of American Energy Independence, to learn more about the future of nuclear power, energy security in the US, and the uranium sector as a whole. Some of the most knowledgeable experts in the field, including former US Energy Secretary Spencer Abraham and emeritus chair of the UK Atomic Energy Authority Barbara Thomas Judge, will provide their insights and forecasts for the future of uranium. Watch it today so that you can be optimally prepared to profit from the uranium bull market that’s ahead.
In This Issue. * Another flower counted on the wall. * Moves in currencies & Metals are small. * RBA minutes solidify no rate move in 2014. * SNB to keep cap on franc for 2 more years? And Now. Today’s A Pfennig For Your Thoughts. U.K. Inflation drops, Along With Sterling!. Good Day! . And a Tom Terrific Tuesday to you! A nice 10th inning win for my beloved Cardinals, even if they blew the lead in the 9th inning.. UGH! Of course, I was not up at that hour to see it, but the replay will be on while I eat my lunch today, so I’ll see it then, and know not to start throwing things around the room when the lead gets blown in the 9th! Well, the Mo. Gov. called in the National Guard in an effort to protect the businesses and citizens of Ferguson, Mo, only to be met with more violence last night. So. How was your day yesterday? Mine was good, that is after I slept through almost half of it! The currencies and metals remained stuck in the mud, as they slept through the entire day! This morning, it appears that we have more of the same-o, same-o, with a mixed bag-o-results, but none of the moves are large. Yesterday, I referred to watching the currencies as being like counting flowers on the wall, that don’t bother me at all, playing solitaire till dawn with a deck of 51. I don’t think I can come up with anything else that reminds me of this trading pattern, day, after day here in the middle of August, the Dog Days of Summer. Yesterday, I kidded about how the markets must be getting all gussied up for today’s July print of CPI (consumer inflation). You know I’m being facetious here, because what in the world would anyone find in the CPI print? Nothing, absolutely nothing! The experts are thinking that CPI in July rose .1%… But, I’m going to go out a big fat limb here and say it will be .2% HAHAHAHAHA! Now, that’s really being bold, Chuck! The BLS is not going to show “real inflation” folks. just get used to it. Instead, go to www.shadowstats.com to see what the “real inflation” rate is. And while you’re there, I’m sure John Williams wouldn’t mind if you subscribed to his information, that is critical if you really want to know the “truth”. And like my old fave TV show, The X-Files, used to say. The Truth Is Out There. The problem with most of us in the U.S. is that we don’t care! We don’t care if the BLS makes up the CPI number to keep rates down, so housing can continue to be affordable. We don’t care if the U.S. National Debt is now $17, 657,260,800,000 (it changes by the minute, so by the time I finish this letter we will be 10 Billion or more higher) We don’t care that the Unfunded liabilities, according to Professor Lawrence Kotlikoff are now greater than $200, 000,000,000,000 (for those of you not wanting to count the zeroes, that’s $200 Trillion, with a Capital “T”!) It just doesn’t register with most Americans, so therefore they don’t care. But when they go to the store and see that their dollars don’t buy as much as they used to, they think, “It’s those darn greedy Corporations gouging us” But the truth is that it’s their Gov’t that has caused a weak dollar, which causes a loss of purchasing power with their deficit spending. I have no idea I was going there today, but there you have it. The story of the dollar in one lesson by Chuck Butler. Oh, there are other chapters to this book, but in the end it all comes down to debt. I was re-reading, (probably for the 3rd or 4th time now) Economics in One Lesson by Henry Hazlitt this past weekend and yesterday, and Henry highlights something that I’ve highlighted before and that is, that it has become trendy to call debt, “credit”. Like when they talk about Consumer Credit rising, it’s really debt rising. But it sure sounds better to say “credit” than “debt”. Easy on the ears, right? For those of you who promise to put away the sharp objects first, and want to see more “real numbers”, you can visit the U.S. Debt Clock here: http://www.usdebtclock.org/index.html The Reserve Bank of Australia (RBA) printed their meeting minutes last night, and there was nothing new for the markets to see and if anything solidified the markets’ thought that the RBA is on hold with interest rates the rest of this year. And one would think that hearing that, the Aussie dollar (A$) would sink. But, as I’ve explained for many years now, with currencies, the “unknown” is more risky to currencies than knowing what to expect. And so the A$ has pushed higher overnight, although, like I said at above, the move is small. This morning, we saw the U.K. July CPI, printed considerably lower than expected at 1.6% VS 1.8% expected. This drop in consumer inflation flashed “no rate hike” in bright lights to the markets (sometimes they need bright lights to catch their attention!) and the pound sterling got sold. The downward move in pound sterling is probably the largest move in the currencies this morning with pound sterling down 3/4’s of a cent. I don’t like being right about things like the pound sterling, as it rose earlier this year, and everyone thought it would just keep going. But I kept telling you that I couldn’t get my arms around the pound’s rise, mainly because of what I knew what Bank of England Gov. Carney was doing, and two.. The U.K. still had a mountain of debt to deal with. The Charts people say that pound sterling is oversold, and it will bounce back. You know, the routine. The pound loses 1% this month, and 3.2% since 7/15, bringing it below its 200-day moving avg. (DMA) and therefore it is set to rise. But if the pound does bounce back, ever so briefly, it will more of a direct result of the markets getting snookered again. You see, the Sunday Times had an article where Carney mentioned that interest could be lifted before Officials see a recovery in wages.. Memo to markets, don’t take that bait, it stinks! In New Zealand overnight, a drop in dairy prices pushed the N.Z. dollar / kiwi down overnight. Remember what I always tell you about New Zealand’s commodities: Dairy, Wool, and Lumber, so when of the triumvirate has some problems, kiwi gets sent to the woodshed. Given the markets’ reaction to the drop in dairy prices, one would think that today’s Global Dairy Trade Price Index would be a key report to watch. There was also some political furniture rearranging going on in N.Z. overnight. An official report downgraded GDP, and growth forecasts. But this is not the end all here, and probably had more to do with the fact that the N.Z. elections are only a month away. The N.Z. Treasury saw fit to counter this report and say that, “the outlook for the N.Z. economy has not changed significantly in the relatively short time since the Budget Update.” Recall the Budget Update was in June, and looked favorably toward growth. So, some “point-counter point” discussions going on in N.Z. The markets aren’t sure who to believe, and this puts the whole discussion in the “unknown” territory, which as I just explained is not good for the currency. It appears to me that this is an opportunity to buy at cheaper levels here, and pick up an interest rate differential. I’m just saying. There was news from Russian overnight that didn’t concern Ukraine! The Russian Central Bank (RCB) widened the trading band that the ruble trades in, that has existed for the last 15 years! The naysayers to the ruble will point to this and say, “What the heck is she thinking here? The ruble is the 2nd worst performing currency this year, and now she’s (RCB Gov. Elvira Nabiullina) going to take away the Governor? Yes, she is. But I like this! Let the currency be valued by the markets, not a Central Bank! The Swiss franc is weaker today. I did cause a couple of heart attacks yesterday with my reporting of the franc’s price in the currency roundup. Sorry about that! My fat fingers typed the franc price as $1.0160. When it should have been $1.1060! Nothing like a 10% drop to start your day, eh? The franc’s weakness today is coming from a weaker euro, but also from a recent Bloomberg survey that showed three quarters of the 23 economists surveyed saying that the Swiss National Bank (SNB) will keep the floor VS the euro in place for another two years. The floor, basically puts a cap on how strong the franc can get VS the euro. 1.20 was the level the SNB placed on the franc a couple of years ago now, and at that time there was talk that the SNB wanted to move the level to 1.35, thus causing a depreciation in the franc, like they did when they placed the 1.20 level. At least that “talk” has diminished for now. The Japanese yen continues to trade around 102.50.. On any given day it might be a bit stronger, or a bit weaker, but nothing to speak of in the way of movement. Even when the “safe havens” get bought, yen rises, but not like it used to. My friend, and writer / publisher extraordinaire, Bill Bonner said a couple of things about Japan yesterday that I thought you should hear, but should you want to read Bill every day, go to: http://bonnerandpartners.com/category/parent/dre/ and you can subscribe! “We are amazed because we have seen the international test results. On IQ tests, the Japanese score 10 points higher than the world average. And yet there they are… doing the stupidest things we can imagine. We are grateful, because Japan has been leading the world in economic absurdity – bubbles in stocks and real estate… bailouts… ZIRP… and QE. And there is no economic policy so ridiculous that US policymakers won’t give it a whirl. Whither thou goest, O, Nippon, we’re right behind you.” Chuck again. Yes, like I’ve said for more than 10 years now. I think I’m turning Japanese, yes, I really think so! So, the U.S. Data Cupboard has the stupid CPI for July print today.. But more importantly will be the Housing Starts and Building Permits for July.. No bad weather, so these two should be show that they were better than in June. And Gold is up a couple of bucks this morning, again, no movement worth talking about. So I won’t spend a whole lot of time here, besides, I’ve got a real treat for you in the FWIW section today, that’s on Gold.. Palladium got to a multi-year high yesterday, and could almost reach out and touch $900 before it fell back on the day. Today, it’s up $3, and still within spittin’ distance of $900 at $896.. For What It’s Worth. Every two weeks I tell you how my latest “Things that make you go Hmmmm” is in my email box, and that I’m excited to get to read it, for the writer, Grant Williams is one of the best writers and minds in the markets today. Well, I found an interview with Grant Williams on kingworld.com so, I thought I would let you see what I’m talking about! Here are some snippets of the interview. Hope you like it! “The German gold repatriation situation has been fascinating from Day 1 and continues to be. I think the motives behind making that announcement have probably been overtaken by events. From the moment Hugo Chavez repatriated the Venezuelan gold, I said this is the start of a game of musical chairs that is going to end very, very badly…. I think the Germans felt as though they had to say something about repatriating their gold, and we’ve seen a bunch of other countries in much smaller amounts do this as well. I think the Bundesbank felt that with the focus the Germans have on monetary prudence, they felt they had to say something. So they made the statement that they were going to get a portion of their gold back from the United States. But since that time their repatriation has been overrun by a series of events, especially the fact that the gold that is supposed to be on deposit in the United States just isn’t there. It’s not in the U.S. vaults because it’s gone. So now there is this attempt to put the genie back in the bottle. Well, it’s one thing to attempt to put the genie back in the bottle, but it’s another thing to do that. So they have resorted to Play No. 1 of central banks, which is just to be quiet about the situation. But there are now too many guys looking at this German situation and the announcement that they have gotten back only 5 tons of gold has left them with egg all over their faces. But the problem the United States has is that with the gold the central banks and the agent bullion banks who have leased out that gold over the years, they all have a vested interest in not scaring foreign holders of gold that is supposed to be safely stored in the United States. So if we do get to the point where gold can’t be delivered, as long as everybody keeps quiet about it, maybe nobody will panic. But ultimately entities who are not in the ‘club’ will want their gold back and they are going to start making some noise about it. At that point they will have to find the gold somewhere. And if all that gold is in places where it’s tightly held, it will be an interesting situation to play out.” – Grant Williams Chuck again. I think it would behoove everyone to hear out a guy like Grant Williams, and although he doesn’t say it here, he obviously believes that buying physical Gold is the thing to do. not paper Gold. physical Gold. Again, that’s his opinion, and mine and we both could be wrong! To recap. Another day, another flower counted on the wall, as the currencies are once again stuck in the mud trading mixed and in small moves. RBA meeting minutes solidified the thought that rates are not moving anywhere this year. N.Z. dairy prices moved downward, and other things led to kiwi dropping on the night. The SNB will keep the floor to the euro in place for another two years according to a Bloomberg survey, and Palladium remains within spittin’ distance of $900. Currencies today 8/19/14. American Style: A$ .9340, kiwi .8460, C$ .9170, euro 1.3350, sterling 1.6640, Swiss $1.1030, . European Style: rand 10.6195, krone 6.1380, SEK 6.8540, forint 234.80, zloty 3.1390, koruna 20.9785, RUB 36.19, yen 102.70, sing 1.2450, HKD 7.7505, INR 60.68, China 6.1548, pesos 13.05, BRL 2.2565, Dollar Index 81.69, Oil $96.64, 10-year 2.37%, Silver $19.71, Platinum $1,448.13, Palladium $895.83, and Gold.. $1,302.08 That’s it for today. You know, I learned a long time ago, that when you are writing, and giving your opinions, which I used to be able to do more freely, you’re not going to make everyone happy. And I understand that. You should too, before you send off responses to me that are not nice. Neil Young is playing his song: The Needle and the Damage Done on the IPod this morning. I used to play that song on my guitar and sing it for people. I saw my fave guitar leaning up against the wall yesterday, and for a second I thought I would get it out and play it, and then the thought passed. If you’re an Oxford Club member, you should look into going to their meeting at Sea Island GA next month, for I’ll be there to speak! My beloved Cardinals have an opportunity to bury the Reds for this year in the next two games. I sure hope they can do it! Well, tomorrow will be my little girl’s birthday. I won’t spill the beans on how old she will be, I’ll just say when I say how old she is, it makes me feel really OLD! And with that I’ll get out of your hair for today. Go out and make this a Tom Terrific Tuesday! — Please! Chuck Butler President EverBank World Markets
Europe’s banking system is collapsing. Over the past year, shares of Deutsche Bank (DB), Germany’s biggest bank, have plunged 56%. Swiss banking giant Credit Suisse (CS) is down 62% over the same period. Yesterday, both stocks hit record lows. Dozens of other European bank stocks have also crashed. The Euro STOXX Banks, which tracks 48 of Europe’s largest banks, is down 48% over the past year. This is a major issue… That’s because banks are the cornerstone of the financial system. They keep money flowing through the economy. If they’re struggling, it often means the economy is having major problems. Right now, European banks are flashing bright warning signs. That’s not just bad news for Europe—it’s also a serious threat to the rest of the world. In today’s Dispatch, we’ll show you why Europe’s banking crisis could turn into a global banking crisis. You’ll also learn how to transform this threat into a chance to make big gains. • European banks are struggling to make money… Spanish banking giant BBVA’s (BBVA) profits fell 54% last quarter. First-quarter profits at Deutsche Bank were down 58%. Swiss bank UBS’s (UBS) profits plunged 64%. European banks are hurting for a couple reasons. One, Europe is growing at the slowest pace in decades. Banks are making fewer loans as a result. Two, negative interest rates are eating European banks alive. If you’ve been reading the Dispatch, you know negative rates are the latest radical government policy. They basically flip your bank account upside down. Instead of earning interest for keeping money in the bank, you pay the bank to hold your money. Negative rates are clearly bad for savers. They’re also hurting Europe’s biggest banks. That’s because these huge institutions have to pay their “bank,” the European Central Bank (ECB). Today, European banks pay £4 for every £1,000 they store at the ECB for a year. That might not sound like a lot. But it adds up quick when you manage trillions of euros like these banks do. • Last week, investors got another reason to avoid European banks… On Thursday, Great Britain voted to leave the European Union (EU), which it’s been in since 1973. The “Brexit,” as the media is calling it, blindsided investors. As we explained yesterday, the market was expecting Great Britain to stay in EU. The unexpected outcome triggered a global stock market crash. U.S. stocks had their worst day since August. Japanese stocks had their worst day in five years. European stocks had their biggest decline since the 2008 financial crisis. Friday’s global selloff erased $2.1 trillion in value from global stocks. It was the global stock market’s worst day in history. The panic didn’t die down much over the weekend. By the end of Monday, another $930 billion had disappeared from the global stock market. • European bank stocks were hit the hardest… Deutsche Bank plunged 22% between Friday and Monday. Credit Suisse fell 23%. UBS fell 20%. Barclays (BCS) and Royal Bank of Scotland (RBS) each plunged 37%. Both stocks are down more than 57% over the past year. These are gigantic moves in a matter of days. Remember, we’re not talking about small biotech stocks. These are some of the most important financial institutions on the planet. • Government officials are scrambling to contain the crisis… Today, the Bank of England (BoE) injected £3.1 billion into Britain’s banking system. It’s pledged to inject as much as £250 billion to stabilize its financial system. The BoE made its cash injection hours after the Bank of Japan (BOJ) pumped $1.5 billion into its banking system. As we’ll show you in a second, we don’t believe this will end well. That’s because this excessive money printing (sometimes called “quantitative easing”) doesn’t stimulate the economy like governments intend it to. Credit Suisse says other central banks could soon print more money too. Bloomberg Business reported on Friday: “Market liquidity and overall liquidity in the U.K. is drying up as we speak in a very rapid way,” said John Woods, chief investment officer for Asia-Pacific at Credit Suisse Private Banking, told Bloomberg TV in Hong Kong. “It’s highly likely that we see monetary easing in a coordinated response” from central banks across the world, he said. • Great Britain is headed for a recession… A recession is when an economy shrinks two quarters in a row. Goldman Sachs (GS) says Britain could be in a recession by early 2017. But here’s the thing. We don’t think the BoE will let this happen. That’s because central bankers will do anything—including using reckless, unproven monetary policies—to avoid a recession these days. Credit rating agency Standard & Poor’s agrees with us. Reuters reported today: “Brexit is likely to represent a drag of about 1.2 percent of GDP for the UK in 2017,” Jean-Michel Six, S&P’s chief economist for Europe, the Middle East and Africa told a conference call for investors on Tuesday. “We have a significant slowdown but growth remains positive although obviously in a much more disappointing way. That is because we anticipate a very strong monetary response on the part of the Bank of England, in the form of additional quantitative easing, in the form of a further cut in interest rates,” he added. Bank of America (BAC) and Deutsche Bank also expect the BoE to fire up the printing press again. Bank of America says it could happen as soon as August. • QE won’t help Great Britain’s economy… As we told you above, QE doesn’t work. As regular readers know, the Federal Reserve pumped $3.5 trillion into the U.S financial system after the 2008 financial crisis. This massive money printing effort was supposed to juice the economy. But the U.S. is growing at its slowest pace since World War II. QE also failed to jumpstart Japan’s economy, which hasn’t grown in two decades. There’s no reason to think it will work this time. Regards, Justin Spittler Delray Beach, Florida June 28, 2016 We want to hear from you. If you have a question or comment, please send it to email@example.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. • If you’re nervous about the global financial system, we encourage you to take action today… The first thing you should do is own physical gold. Gold is real money. It’s held its value for thousands of years because it has a unique set of attributes: It’s easy to transport, easily divisible, and durable. You can take a gold coin anywhere in the world and folks will immediately recognize its value. Unlike paper money, central bankers cannot create gold from nothing. It’s the ultimate antidote to crumbling paper currencies. That’s why the price of gold often soars when governments print money. This year, gold is up 24%. It’s trading at the highest price in two years. But it could go much higher as governments continue to run reckless monetary experiments. • If you want big profits from rising gold prices, own gold stocks… Dispatch readers know gold miners are leveraged to the price of gold. A small jump in the price of gold can cause gold stocks to surge. Gold’s 24% jump this year has caused GDX, a fund that tracks large gold stocks, to soar 96%. We believe this gold stock rally is just getting started… During the 2000 and 2003 gold bull market, the average gold stock gained 602%. The best ones soared 1,000% or more. • Nick Giambruno, editor of Crisis Investing, has recommended two gold stocks since the start of 2015… He already closed out one of them for a quick double. It surged 103% in 14 months. Nick’s other gold stock is up 30% since March and is still dirt-cheap at today’s levels. Nick currently rates this stock a “Buy”…and says it could soon start paying a double-digit dividend yield if gold keeps rising. You can learn more about Nick’s gold stock by taking advantage of our special 60%-off sale for Crisis Investing. If you sign up today, you’ll be enrolled in a trial membership, which gives you 90 days risk-free to decide if the service is for you. But we encourage you to act soon. This special offer ends soon, and we likely won’t open this offer again for a long time. You can learn more about this incredible offer by watching this video presentation. You’ll also learn about an even bigger threat to your wealth than Europe’s banking crisis. As you’ll see, almost no one is talking about this coming crisis. Yet, it could cause millions of Americans to lose their entire life savings. By the end of this video, you’ll know how to protect yourself. And just as importantly, you’ll know how to profit from this coming crisis. Click here to watch this free video. Chart of the Day U.S. bank stocks are also headed lower. Today’s chart shows the performance of the Financial Select Sector SPDR ETF (XLF) over the past year. XLF holds 94 major U.S. financial companies including behemoths JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC). You can see XLF is down 11% since last June. While that’s not as severe as the near-50% drop in European banks over the same period, it’s still a clear sign to stay away. U.S. banks have many of the same problems as European banks. Like Europe, the U.S. economy is growing at the slowest pace in decades. And while the U.S. economy doesn’t have negative rates yet, Fed Chair Janet Yellen has said they aren’t “off the table” if the U.S. economy runs into trouble. The arrival of negative rates to the U.S. could tip bank stocks into a crisis, just like they have in Europe. Prediction: Next Huge Financial Disaster for America 22-year Congressman explains a huge problem few Americans know about—and how you should prepare. FULL STORY… Recommended Links — [Video Tutorial] How Doug Casey Turned $1,875 Into $1.2 Million, With One Bold Move Back in ’93, Doug Casey took a $1,875 stake of money, then made one bold move. Exactly two and a half years later, his stake was worth $1.2 million. A rare and extraordinary 64,000% return. Click here to see how he did it. –
Goodwood 3.45Cocked Hat Stakes (Listed)TIME: 3.45pmTV: RUKWe often hear at Star Sports that prize money levels are ‘dangerously’ low in this country from trainers and owners and then comes along the Cocked Hat Stakes this afternoon at Goodwood.A £40,000 race with £22,684 to the winner, perfect racing ground (GOOD) and how many runners will ‘fight’ it out this afternoon?TWO.With Fantastic Moon now pulled out, the already bitterly disappointing and frankly untenable race is down to a match between Contributer and Disclaimer.So it’ll be a case of after you, no after you.The race used to be run as the Predominate Stakes and a Derby trial but has now morphed into a St Leger heat.Despite the low turnout course general manager Adam Waterworth has no plans to scrap it.Whether races should be scrapped automatically with less than (say 5 runners) is another argument. But that would deny racing fans of some great small field finishes where tactics become much more important. On the other hand, £40k buys a lot of more modest handicaps which are much more Levy friendly for the long term benefit racing industry.As for the winner.Contributor is rated 7lb superior on official ratings and should be good enough to see off Sir Henry Cecil’s progressive Disclaimer who is on for the four-timer and seems to handle any ground.DISCLAIMER: Disclaimer could also win.Our greyhound selection at Romford on Friday Dudleys Viking ran well to finish a 3/4 length second at 4/1. Bumping off the final bend may well have cost him success.Our tip surely can’t come second today ??STAR FORECAST(stake between 0.5 and 10 points)5 points win CONTRIBUTOR (3.45 Goodwood)(-5 points Wednesday. No bet Thursday)Agree OR disagree? Call Star Sports on 08000 521 321 to place your bet.LIFE BEGINS AT 80An 80-year-old Japanese mountaineer has become the oldest man to reach the top of Mount Everest – but his record may be short-lived.Yuichiro Miura said: “This is the world’s best feeling.” But he confessed to feeling “totally exhausted”.Mr Miura had previously conquered the 8,850-metre (29,035-foot) peak when he was 70 and again when he was 75.The climber and his son Gota called their support team from the summit to report the news. They reached the peak at 9:05 am local time.Before him, the oldest person to reach the top of the world’s highest mountain was Nepal’s Min Bahadur Sherchan, who accomplished the feat at the age of 76 in 2008.Mr Sherchan, now 81, is preparing his own attempt on the summit next week, meaning Mr Miura’s record may soon be broken.In sport records never stand still no matter what your age.
Busy day on Saturday with eight booked rides at Newbury and Kempton. Thoughts below on all of them. Looking back at Champions Day last weekend I had two great rides on Harry Angel and Escobar who both ran crackers to finish second.Harry was again claustrophobic in the stalls but Clive (Cox) and his team have always done a great job with him. It’s since been announced that Harry Angel has been retired and if the ground had been a bit livelier at Ascot we might well have gone out with a win.He’s given me some fantastic times and the horse has been a pleasure to deal with. He’ll now stand at the Dalham Hall Stud in 2019.Many thanks to DARREN BIRD for the Harry Angel drawing. Follow BIRDIE on twitter @DarrenBirdie and check out Christmas present ideas at birdieracinggifts.co.ukSATURDAYNEWBURYRAHEEN HOUSE (2.20pm)Was well behind another of today’s rivals Communique at Newmarket last time out and he’s just lost a bit of sparkle. Hopefully the first time cheekpieces might bring about an improvement. He finished second in this race last year when the ground was soft so I won’t be worried to see any more rain. It looks open but my fella is well up to it but just needs to bounce back.HOUSE OF KINGS (Molson Coors Stakes 2.50pm)I won this race for Clive back in 2007 with Beacon Lodge and am on House Of Kings who has improved in all three of his starts. He won a novice event in good style at Leicester (form has worked out well) but this is obviously a massive step up in class and his first experience of give in the ground. It also looks quite a decent renewal and Mick Channon’s Chairmanoftheboard could be anything after bolting up by eight lengths on debut at Goodwood on soft ground.KEMPTONTHE ESTABLISHMENT (5.45pm)Was in at the deep end at Ascot and this looks easier. Showed he liked the all-weather on debut at Lingfield. Has plenty of pace and drop back to the minimum should help.DESIGNATED (6.15pm)Nice filly who makes her debut here for Clive. Those that have run haven’t shown a lot so hopefully she’ll do well as she’s bred to thrive on the all-weather.WHERE’S PERLE (6.45pm)She did OK on her handicap debut over six furlongs here last time and is dropped a couple of pounds. She’s up in trip which should help and hopefully she’ll get competitive in a very open race.KING’S SLIPPER (7.45pm)Won over course and distance in August but shoved up 7lb and that seemed to find him out last time – although it was in a much better race (London Mile Handicap) and back in this level we should get a much better idea whether he can be competitive off this mark.LOUIE DE PALMA (8.15pm)Closely matched with Helvetian on Salisbury form last time out when there was only a neck between them. This is his first spin on the all-weather but would have a fair chance if converting to it.AMLAD (8.45pm)Steadily dropping down the weights and is tried with the cheekpieces on for the first time. Yet to win on the all-weather but hasn’t run badly on the surface and hopefully the head gear will spark an improvement.Good luckADAMYOUR SAYIf you have a question for Adam drop us a line at firstname.lastname@example.org and we’ll try and include in the next blog…
Marketing Technology NewsmgageNewsOracle Marketing CloudOracle PartnerNetworkSMS Public Aggregator Network Previous ArticleQuad Helps Accelerate the Future of Commerce, Announces Strategic Partnership With the dtx CompanyNext ArticleDiscogs Releases iOS App 2.2 Update Improving Discoverability And Explorations mGage Collaborates with Oracle Marketing Cloud to Deliver Optimized Omni-Channel Marketing and Make Mobile Marketing Easier Globe NewswireJuly 11, 2019, 3:40 pmJuly 11, 2019 mGage, a Vivial company and Gold level member of Oracle PartnerNetwork (OPN), announced that it has integrated with the Oracle Responsys SMS Public Aggregator Network (SPAN) to provide an easier way for organizations around the world to manage their SMS campaigns.Oracle’s SPAN portal, available within the Oracle Marketing Cloud, offers customers an easy to use, self-service application where they can directly find, request and manage SMS services based on their needs and preferences. The result is a more optimal customer experience, increased conversion rates and an overall better return on investment.Marketing Technology News: AccuWeather Continues Rapid Expansion with Relocation of Global Office in New York City“Oracle is a true leader in this market and we are proud to have worked closely with them for the past 10 years,” says Denisse Goldbarg, COO, mGage. “Expanding our relationship to leverage SPAN is yet another way we help our clients maximize their mobile marketing initiatives.”Marketing Technology News: Kochava Expands In APAC RegionmGage has been an Oracle partner for a decade and is pleased to continue that relationship through the SPAN program. mGage offers Oracle Responsys customers best of breed global and domestic carrier connections coupled with a dedicated support team that has the technical knowledge and expertise these international companies demand. Its state-of-the-art infrastructure ensures the highest delivery rates providing superior performance. Marketing Technology News: New ISG Study Focuses on Digital Business Services
Nirmala Sitharaman is now the Finance Minister Here are some of Sitharaman’s Twitter posts, which give a peek into her understanding of the ministry she will helm and her personality Nirmala Sitharaman, who became India’s first full-time woman Finance Minister in nearly five decades, is not a novice at the job.She had a brief stint as a junior minister in the Finance Ministry in 2014, while handling the trade portfolio. She subsequently moved on to a full-time role as defence minister, but that did not stop her from keeping track of the economy’s performance.Here are some of Sitharaman’s Twitter posts, which give a peek into her understanding of the ministry she will helm and her personality.Automobile sales — which are indeed a key indicator of demand in both rural and urban India — have been declining for months now, and dropped 16 per cent in April from a year ago, according to data from the Society of Indian Automobile Manufacturers. The slump is not restricted to car sales. Demand for everything from air travel to consumer staples have taken a knock. That’s threatening growth in what has been the worlds fastest-growing major economy. This tweet was made last year when growth breached the eight per cent mark. The pace has since cooled for three straight quarters and probably slowed to 6.3 per cent in the fourth quarter of the fiscal year that ended in March.She later went on to comment about robust manufacturing growth in August. Factory output has since slowed and contracted 0.1 per cent in March from a year ago.Sitharaman is known to frequently tweet about the books she’s reading, including the one on former United States (US) Federal Reserve Chairman Paul Volcker.Here’s one more:The finance minister also has another hobby close to her heart: making pickles. So much so that she calls it a sacred ritual. SHARE COMMENT Nirmala Sitharaman: Ready for a spirited defence RELATED Published on Modi 2.0: Union Ministers and Portfolios Nirmala Sitharaman, Finance Minister – Twitter/NSitharamanOffice May 31, 2019 SHARE SHARE EMAIL politics national politics COMMENTS