10 months agoRoma president Pallotta admits no holds barred Monchi meeting

first_imgRoma president Pallotta admits no holds barred Monchi meetingby Carlos Volcano10 months agoSend to a friendShare the loveAS Roma president James Pallotta admits he’s had a no holds barred meeting in Boston with sports director Monchi.Roma are currently struggling in seventh position.“We had a very productive three days together in Boston discussing both the football and business activities of the club,” said Pallotta.“It goes without saying that no one at the club is happy with the results and performances so far this season and we had an open and honest conversation about issues that we need to address and improve as a matter of urgency to get our season back on track.“There was a lot of straight talking and everything was put on the table. Our only goal now is to do better in everything we do and we will work on that together – from me, our board, our management team, Monchi, Di Francesco, our football operations staff, the players and all the staff.“Together we haven’t met the very high expectations we have set for ourselves – and have tried to deliver on in recent seasons – and that must improve. Together we are working to address that.“If anyone at the club is not committed to being part of a team effort, there’s no place for them here.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

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10 months agoBrighton winger Locadia delighted to prove matchwinner

first_imgBrighton winger Locadia delighted to prove matchwinnerby Paul Vegas10 months agoSend to a friendShare the loveBrighton winger Jurgen Locadia was delighted to prove the matchwinner for victory over Everton.The Dutchman claimed his second goal in two games.He said, “It’s crazy, I’ve gone from not playing every game to then scoring two games in a row. I’m very happy and proud and I want to thank everybody for reaching this moment.“We started well in the first half and also began the second half well too. Everton created a lot of chances, and they almost scored, but I feel that we deserved the win today.“For the goal, I saw the ball deflect off an Everton player and it was a clear goal in my opinion, but the referee had his doubts. In the end, he gave it.” About the authorPaul VegasShare the loveHave your saylast_img read more

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22 days agoStandard Liege coach Preud’homme: Any Arsenal result a surprise

first_imgAbout the authorPaul VegasShare the loveHave your say Standard Liege coach Preud’homme: Any Arsenal result a surpriseby Paul Vegas22 days agoSend to a friendShare the loveStandard Liege coach Michel Preud’homme admits they’re rank outsiders going to Europa League opponents Arsenal.The former goalkeeper says any result would be a bonus.”Getting a result would be a surprise,” says Preud’homme. “Of course we all hope so. What the reality brings, however, we’ll only know tomorrow night. I have told my players to take advantage of this competition to give everything. With the ambition to get the most out of it. “We are going to try to play our football. Our biggest weapons? Every week, we are a team that tries to think collectively.” last_img read more

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Photos: Honeymooners Sporting Their Tux And Wedding Dress Are At Kentucky’s Game vs. South Carolina

first_imgHoneymooners in wedding tux and dress at Kentucky vs. South Carolina.It’s Valentine’s Day, so it’s fairly fitting that a recently married couple is attending Kentucky’s game against South Carolina at Rupp Arena this afternoon. The couple, which got married Friday night, is sitting in the upper section of the Wildcats’ arena, with the groom sporting his tuxedo and the bride still wearing her wedding dress. Check it out: Here’s our new favorite honeymooners sitting 1st row upper arena @Rupp_Arena after getting married last night pic.twitter.com/v6k9s9Bea5— Ryan Lemond (@ryanlemond) February 14, 2015There’s a bride at Rupp Arena today: pic.twitter.com/hmWR6RHcPx— Ashley Scoby (@AshleyScoby) February 14, 2015How grand is UK basketball? These fine Kentucky folks were just married in the Commonwealth’s church, Rupp Arena. #fb pic.twitter.com/1QwZNQMDOc— Benjamin Riggs (@bpriggs) February 14, 2015Woman in wedding dress watching basketball in second level of Rupp Arena. (Above A in Whitaker). pic.twitter.com/ZhmxF36x6Z— Brian Bennett (@BennettESPN) February 14, 2015Love and Basketball combine @Rupp_Arena for @KentuckyMBB vs South Carolina. #BBN #Bluelyweds pic.twitter.com/Na3HgVOs1C— KYwildcatsTV (@KYwildcatsTV) February 14, 2015Basketball, clearly, reigns supreme in the Bluegrass State. Kentucky and South Carolina are currently playing on ESPN.last_img read more

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Sub-Projects for Logistics Hub will be Implemented – Industry Minister

first_imgMinister of Industry, Investment and Commerce, Hon. Anthony Hylton, has expressed confidence that the necessary short term sub-projects will be implemented in time to make the Jamaica Logistics Hub operational and effective by 2015.Speaking at a Jamaica House press briefing at the Office of the Prime Minister, on Wednesday, May 15, Minister Hylton pointed out that four things are critical to meeting the deadline for the opening of the widened Panama Canal, on which the project hinges.These include: dredging of the channel in the harbour; privatization and modernisation of the port of Kingston; establishment of the logistics centre at Caymanas; and implementation of a community port system at Jamaica Customs.The Minister said the mega projects, such as the dry dock facility and the commodity port are medium to long term projects. They are critical to the overall transformational effect of the projects, and would take a longer time to come on stream.“From where I sit, we have every opportunity, every possibility to meet that timeline, and be ready for the opening of the Panama Canal,” he added.The logistics hub initiative is critical to the government’s overall growth strategy for the economy, and will see Jamaica becoming the fourth node in the global logistics chain, joining Rotterdam, Singapore and Dubai.Jamaica’s strategic geographic position on major sea lanes and air routes to North and South America, as well as Europe and South East Asia, has increased its competitive advantage, particularly in the logistics and shipping sector.With the expansion of the Panama Canal to be completed in 2015, Jamaica’s unique location, and natural resources, such as two of the best natural harbours in the world, will see the Logistics Hub initiative enhancing the global trading system, and as such representing a global asset.Contact: Alphea Saunderslast_img read more

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Alberta throne speech promises changes to expand economy end carbon tax

first_imgEDMONTON — The new Alberta government has set its first legislature sitting in motion with a promise to repeal the provincial carbon tax, roll back the corporate tax and cut red tape.Lt.-Gov. Lois Mitchell outlined the priorities of Premier Jason Kenney’s United Conservative government in the traditional speech from the throne.Kenney has promised what he calls a spring of renewal to repeal the provincial carbon tax brought in by the former NDP government and to pass new rules to help businesses and entrepreneurs flourish.The federal government has already indicated that Ottawa will impose its own levy on greenhouse gas emissions if Alberta punts the provincial tax.The sitting is also expected to see legislation introduced to keep royalty rates consistent on oil and gas wells and to improve access to regulated trades and professions.It is expected to last until the end of June, although the government has said it will sit into July if necessary to get the bills passed.A full budget is to be introduced in the fall. The Canadian Presslast_img read more

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Paul Ince hopes Mourinho can keep United job

first_imgThe 3-2 comeback victory on Saturday over Newcastle United might give the Manchester United manager some air to breatheManchester United boss Jose Mourinho has been under the spotlight for his fights with footballer Paul Pogba and the way the Red Devils are performing this season.But on Saturday his team was able to come back from a 2-0 disadvantage in order to win 3-2 over Newcastle United.And for former United captain Paul Ince, this might give Mourinho some room to breathe.“I’ve always thought that results can change things,” he said to The Irish Examiner.Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“Everyone was saying the players don’t want to play [for Mourinho], they don’t want to fight.”“After the second half against Newcastle people might think differently,” he added.“We all know one swallow doesn’t make a summer, so are we papering over the cracks because they came back? To some extent, yeah, we are but it was an important result because they had to win after all the reports of Mourinho leaving.”“After the game, I’d like to think that’s a game to push Manchester United on. I’m not saying they will start challenging City and Liverpool for the title but it gives them some respite after everything that has been going on,” Ince explained.“Hopefully Mourinho stays, I’d like him to stay but he has to start changing his methods from those he’s used for years and understand the game’s gone forward.”last_img read more

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Romora Bay Resort Marina Best Season in Resorts Nearly 50Year History Caps

first_img Related Items:#RemoraBayResort&Marina Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 19, 2017 – Harbour Island –  Romora Bay Resort & Marina, a Harbour Island landmark since 1968, reported the strongest season in its nearly 50-year history with all revenue streams – marina, rooms and restaurant – at peak occupancy and spend records in April. “We could not be more pleased with the reception we have been getting, particularly among the captains and owners of increasingly larger vessels at the marina. What gives us the greatest satisfaction is that we are operating at our very best with all-Bahamian management and staff sharing that special touch of Bahamian hospitality,” said Joe Dargavage, Operations Manager, the sole non-Bahamian. Dargavage, who has a 25-year history in The Bahamas and has served as president of the Association of Bahamas Marinas, credits much of the success of Romora Bay’s growing share of the popular Harbour Island visitor market to the desirability of The Bahamas.“These are turbulent times in many parts of the world and The Bahamas is seen as a secure and highly desirable place to be. A lot of the traffic, and particularly mega-yachts, which used to go elsewhere for part of the year are spending more time in the Caribbean and The Bahamas,” Dargavage said. He also credits what he calls the ‘Romora hospitality factor’ for attracting repeat visitors and marina guests. “There are larger marinas in The Bahamas and even in Harbour Island, but we get an extraordinary number of repeat visitors who tell us when they are here, they feel like family,” he said. “It’s friendly, the staff are friendly, the Sunsets Bar & Grille which is the only place in Harbour Island that has live music three nights a week, is friendly. And then there are the amenities that marina guests as well as those in our little resort on a lot of land get to use -– infinity edge pool, crew lounges, new gym, newly renovated and furnished guest suites. Fishermen bring in their fresh catch daily and if a boat comes back with a large catch and wants the chef to cook it up, we’ll prepare and share. Success is not built on the best bedspread or art on the wall. It’s in the art of hospitality.” Among the Bahamians serving in key roles are Assistant General Manager Marc Tonis, Front End Manager Altonette Ferguson, Guest Relations Manager Laurieann Albury and Marina Manager Lorria Whitfield.Even as Romora with its 14 guest suites and 40-slip marina enjoys its time in the sun, Dargavage said the trend toward more boats creating greater benefits for The Bahamas overall is significant. “The boating and yachting industry throughout The Bahamas has enjoyed a steady incline since 2013,” said Dargavage, who serves as vice president of the Association of Bahamas Marinas. “Every year, we see more and larger vessels coming from Europe that only a few years ago did not spend time in The Bahamas. We project that this trend will continue over the next five years. Key industry factors like fuel prices, a bright outlook for the U.S. and local financial sectors and most importantly safety and security, all help to drive yachts to our beautiful turquoise waters and we do not see anything that would alter those basic factors in any dramatic way in the next several years so the outlook is encouraging and bright for businesses related to the yachting industry in The Bahamas.” Romora Bay Resort & Marina has also enjoyed growth as a venue for photo shoots. Victoria’s Secret, Cover Girl, La Perla, Elle, Marie-Claire, Sony, J. Jill, Gilette,  LLBean, Photo Magazine and Ocean Drive are among the many companies or products who have shot print or video at the waterfront resort.  #RemoraBayResort&Marina Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

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Remember When Alejandro Sanz Destinys Child Perform At The 44th GRAMMYs

first_img Flashback: Juanes’ First Latin GRAMMY Win SelenaPhoto: Pam Francis/Getty Images Remember When? Alejandro Sanz, Destiny’s Child Perform At The 44th GRAMMYs 18th Latin GRAMMY Awards: Best New Artist Poll ShakiraPhoto: Scott Gries/WireImage.com Flashback: “Macarena” Madness In 1996 MalumaPhoto: C Flanigan/Getty Images Celebrate Hispanic Heritage Month For The Record: Carlos Santana Inside The History Of Puerto Rico + Music Enrique IglesiasPhoto: Stuart C. Wilson/Getty Images For The Record: Calle 13 Who Are The Top Latin GRAMMY Winners? Alejandro Sanz, Destiny’s Child On The GRAMMYs MelendiPhoto: Getty Images JuanesPhoto: M. Caulfield/WireImage.com Danay Suarez, Vicente García and Sofía ReyesPhotos: WireImage.com/Getty Images Luis FonsiPhoto: Victor Chavez/Getty Images For The Record: Juan Gabriel Flashback: Shakira Unplugs, Wins Latin GRAMMY For The Record: Shakira For The Record: Carlos Santana Manuel MedranoPhoto: GV Cruz/Getty Images Jenni RiveraPhoto: Victor Chavez/WireImage.com JuanesPhoto: M. Caulfield/WireImage.com 7 First-Time Latin GRAMMY Nominees 18th Latin GRAMMY Awards: Best New Artist Poll Marc AnthonyPhoto: Todd Plitt/Hulton Archive 18th Latin GRAMMY Awards: Record Of The Year Poll Flashback: Marc Anthony’s First Latin GRAMMY Win Photo: Aaron Davidson/Getty Images ResidentePhoto: David Becker/Getty Images 18th Latin GRAMMY Awards: Album Of The Year Poll For The Record: Carlos Santana ThalíaPhoto: Gustavo Caballero/Getty Images Playlist: Celebrate The 1st Latin GRAMMY Awards For The Record: Calle 13 Los Del RíoPhoto: Miquel Benitez/WireImage.com News Danay Suarez, Vicente García and Sofía ReyesPhotos: WireImage.com/Getty Images MalumaPhoto: C Flanigan/Getty Images Inside The History Of Puerto Rico + Music Twitter Playlist: Celebrate Puerto Rican Musicians Flashback: Shakira Unplugs, Wins Latin GRAMMY Flashback: Selena’s First GRAMMY Win Do You Want To Know More About The Latin GRAMMYs? MelendiPhoto: Getty Images Flashback: Selena’s First GRAMMY Win ResidentePhoto: David Becker/Getty Images For The Record: Juan Gabriel MelendiPhoto: Getty Images Listen: 5 Singer/Songwriter Latin GRAMMY Winners Flashback: Jenni Rivera Goes Mariachi Manuel MedranoPhoto: GV Cruz/Getty Images Selena’s Legacy Lives On Playlist: Celebrate The 1st Latin GRAMMY Awards Gilberto Santa RosaPhoto: WireImage.com Los Del RíoPhoto: Miquel Benitez/WireImage.com Flashback: “Macarena” Madness In 1996 Playlist: Celebrate Puerto Rican Musicians Do You Want To Know More About The Latin GRAMMYs? Kali UchisPhoto: WireImage.com Gilberto Santa RosaPhoto: WireImage.com Calle 13 Photo: Rich Polk/Getty Images Alejandro Sanz, Destiny’s Child On The GRAMMYs Natalia Lafourcade, Residente, Mon LafertePhotos: WireImage.com ThalíaPhoto: Gustavo Caballero/Getty Images For The Record: Juan Gabriel Inside The History Of Puerto Rico + Music Kali Uchis On Her First Latin GRAMMY Nomination JuanesPhoto: WireImage.com Flashback: Shakira Unplugs, Wins Latin GRAMMY Jenni RiveraPhoto: Victor Chavez/WireImage.com Who Are The Top Latin GRAMMY Winners? Kali UchisPhoto: WireImage.com 7 First-Time Latin GRAMMY Nominees Do You Want To Know More About The Latin GRAMMYs? Playlist: Alejandro Sanz In 13 Songs 18th Latin GRAMMY Awards: Best New Artist Poll ShakiraPhoto: WireImage.com Photo: Aaron Davidson/Getty Images Playlist: Alejandro Sanz In 13 Songs ShakiraPhoto: Scott Gries/WireImage.com Flashback: Juanes’ First Latin GRAMMY Win JuanesPhoto: M. Caulfield/WireImage.com Flashback: Jenni Rivera Goes Mariachicenter_img Kali Uchis On Her First Latin GRAMMY Nomination Enrique IglesiasPhoto: Stuart C. Wilson/Getty Images Manuel MedranoPhoto: GV Cruz/Getty Images Alejandro Sanz, Destiny’s Child On The GRAMMYs remember-when-alejandro-sanz-destinys-child-perform-44th-grammys Remembering The Latin Pop Explosion Of 1999 Marc AnthonyPhoto: Todd Plitt/Hulton Archive Playlist: Celebrate The 1st Latin GRAMMY Awards Remembering The Latin Pop Explosion Of 1999 JuanesPhoto: WireImage.com Calle 13 Photo: Rich Polk/Getty Images Luis FonsiPhoto: Victor Chavez/Getty Images Flashback: Marc Anthony’s First Latin GRAMMY Win Listen: 5 Singer/Songwriter Latin GRAMMY Winners For The Record: Jennifer Lopez And Marc Anthony Kali Uchis On Her First Latin GRAMMY Nomination Flashback: Marc Anthony’s First Latin GRAMMY Win ResidentePhoto: David Becker/Getty Images Who Are The Top Latin GRAMMY Winners? Jennifer LopezPhoto: WireImage.com SelenaPhoto: Pam Francis/Getty Images Flashback: Jenni Rivera Goes Mariachi Flashback: “Macarena” Madness In 1996 Danay Suarez, Vicente García and Sofía ReyesPhotos: WireImage.com/Getty Images Prev Next 17 Latin GRAMMY Song Of The Year Winners Alejandro Sanz, Destiny’s Child On The GRAMMYs 18th Latin GRAMMY Awards: Album Of The Year Poll 18th Latin GRAMMY Awards: Album Of The Year Poll Facebook 18th Latin GRAMMY Awards: Record Of The Year Poll Flashback: Selena’s First GRAMMY Win Jennifer LopezPhoto: WireImage.com Jenni Rivera: La Diva De La Banda Forever Listen: 5 Singer/Songwriter Latin GRAMMY Winners Jenni Rivera: La Diva De La Banda Forever For The Record: Shakira Alejandro SanzPhoto: WireImage.com 7 American Artists Who Recorded En Español Playlist: 15 Longest Running Hot Latin Songs ShakiraPhoto: WireImage.com For The Record: Jennifer Lopez And Marc Anthony For The Record: Jennifer Lopez And Marc Anthony Kali UchisPhoto: WireImage.com Enrique IglesiasPhoto: Stuart C. Wilson/Getty Images Email JuanesPhoto: WireImage.com Selena’s Legacy Lives On For The Record: Shakira SelenaPhoto: Pam Francis/Getty Images Playlist: 15 Longest Running Hot Latin Songs 18th Latin GRAMMY Awards: Record Of The Year Poll Luis FonsiPhoto: Victor Chavez/Getty Images Alejandro SanzPhoto: WireImage.com Photo: Aaron Davidson/Getty Images 5 Latin Autobiographies You Should Read Natalia Lafourcade, Residente, Mon LafertePhotos: WireImage.com 7 First-Time Latin GRAMMY Nominees Jennifer LopezPhoto: WireImage.com Read more Gilberto Santa RosaPhoto: WireImage.com ShakiraPhoto: WireImage.com Los Del RíoPhoto: Miquel Benitez/WireImage.com 17 Latin GRAMMY Song Of The Year Winners Remembering The Latin Pop Explosion Of 1999 For The Record: Calle 13 7 American Artists Who Recorded En Español 17 Latin GRAMMY Song Of The Year Winners Playlist: 15 Longest Running Hot Latin Songs 5 Latin Autobiographies You Should Read MalumaPhoto: C Flanigan/Getty Images Back in 2002, the Latin GRAMMY winner hit the GRAMMY stage with a little help from the R&B trioGRAMMYs Oct 12, 2017 – 5:28 pm Flashback to Feb. 27, 2002. Roughly six months had passed since the Sept. 11 terrorist attacks, and music’s biggest names gathered at Los Angeles’ Staples Center for the 44th GRAMMYs. The mood — while tempered — was celebratory. Jon Stewart was the show’s host. Alicia Keys would go on to be the night’s biggest winner with five wins (including the award for Best New Artist), and four-time Latin GRAMMY winner Alejandro Sanz made his GRAMMY stage debut with a little help from GRAMMY-winning R&B trio Destiny’s Child.Sanz, who’d just made headlines for being the first Spanish-language artist to record and release a live album under MTV’s Unplugged franchise in November 2001, hit the stage to sing his 2000 hit single “Quisiera Ser,” alongside Michelle Williams, Kelly Rowland and Beyoncé Knowles (who was just mere months away from being the solo powerhouse we now have to come to know as simply Beyoncé).Sang in Spanish, the chorus roughly translates in English to mean: I wanted to be the air escaping from your laughter/I wanted to be the salt to smart your wounds/I wanted to be the blood that you involve with your life/I wanted to be the dream that you’d never share and the garden of your joy in the party of your skin.While the Madrid native didn’t take home any awards that night, he would go on to win 14 more Latin GRAMMY Awards and three GRAMMY Awards. Sanz was recently named the 2017 Latin Recording Academy Person of the Year. Jenni RiveraPhoto: Victor Chavez/WireImage.com ShakiraPhoto: Scott Gries/WireImage.com Jenni Rivera: La Diva De La Banda Forever Flashback: Juanes’ First Latin GRAMMY Win 5 Latin Autobiographies You Should Read Selena’s Legacy Lives On Marc AnthonyPhoto: Todd Plitt/Hulton Archive ThalíaPhoto: Gustavo Caballero/Getty Images Calle 13 Photo: Rich Polk/Getty Images Alejandro SanzPhoto: WireImage.com Playlist: Celebrate Puerto Rican Musicians 7 American Artists Who Recorded En Español Natalia Lafourcade, Residente, Mon LafertePhotos: WireImage.com Playlist: Alejandro Sanz In 13 Songslast_img read more

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2019 GRAMMY Awards To Air Feb 10 2019 From Los Angeles

first_imgIn the week leading up to Music’s Biggest Night, we take time out to honor the many facets of our music community. GRAMMY Week will officially kick off Wednesday, Feb. 6, 2019, with the annual Producers & Engineers Wing GRAMMY Week celebration. We’ll celebrate music education on Feb. 7 with the Music Educator Award presentation and the concert GRAMMY In The Schools Live!On Feb. 8, we’ll recognize the lawyers who help make our work as musicians possible at the Entertainment Law Initiative Event & Scholarship Presentation and recognize a music industry icon for their philanthropic efforts during the MusiCares Person of the Year gala later that evening. Feb. 9 is all about celebrating the 61st GRAMMYs with the GRAMMY Nominees Reception. The evening also includes Clive Davis’ and the Recording Academy’s Pre-GRAMMY Gala. 61st GRAMMY Awards Dates Announced 2019-grammy-awards-air-feb-10-2019-los-angeles News To cap off the week, on Feb. 10 the GRAMMY Awards Premiere Ceremony will honor GRAMMY winners in more than 70 categories shortly before the telecast. Following the 61st GRAMMY Awards show and broadcast, it’s time to let loose with the official GRAMMY Celebration after party.”We are delighted to host the world’s premier music event back in our hometown and look forward to celebrating the remarkable musical contributions made by songwriters, producers, engineers, mixers, and recording artists,” said Neil Portnow, President/CEO of the Recording Academy. “As always, GRAMMY season will kick off with a series of events that showcase various genres of music, educational programs, and our charitable initiatives. We look forward to working with our Los Angeles partners to produce some remarkable and unforgettable events.”So mark your calendars and buckle up, because we’re in for an exciting new GRAMMY season in just a few short months. And if you’re curious about how the GRAMMY Awards voting process works, we’ve got you covered here. For a full list of 61st GRAMMY Awards dates, including voting deadlines, you can check that out over here.Catching Up On Music News Powered By The Recording Academy Just Got Easier. Have A Google Home Device? “Talk To GRAMMYs”Read more Twitter Facebook Email NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Jan 28, 2018 – 12:00 pm See What Happened At The 2018 Pre-GRAMMY Gala NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO Jan 29, 2018 – 9:16 am 60th GRAMMYs: What You Didn’t See On TV GRAMMY season will kick off Dec. 5 when nominees are revealed and culminate on Music’s Biggest NightRenée FabianGRAMMYs Jul 17, 2018 – 11:53 am UPDATE: See the full list of 61st GRAMMY NominationsGRAMMY season will be here before we know it, and now’s the time to mark your calendars. On July 17, the Recording Academy announced all the dates you’ll want to know. First and foremost, the 61st GRAMMY Awards, Music’s Biggest Night, will be broadcast live from Staples Center in Los Angeles on Sunday, Feb. 10, 2019, on CBS at 8 p.m. ET/5 p.m. PT. Nominations for the 61st GRAMMYs will be announced in all 84 categories on Dec. 5, which includes recordings released between Oct. 1, 2017, and Sept. 30, 2018. 2019 GRAMMY Awards To Air Feb. 10, 2019, From Los Angeles last_img read more

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Google employees reportedly say they faced retaliation for organizing walkout

first_img 7 Tech Industry Share your voice Tagscenter_img Comments Google employees protested the company’s handling of sexual harassment claims in November. James Martin/CNET Two Google employees who helped organize a worldwide walkout at the company in November say they’ve faced retaliation for their actions, according to a Monday report. Meredith Whittaker, the head of Google’s Open Research, and Claire Stapleton, a marketing manager at YouTube, say they were told their roles would change several months after the walkout, according to Wired. More than 20,000 full-time workers and contractors walked off their jobs to protest the search giant’s handling of sexual harassment claims. After Google shut down its AI ethics council in early April, Whittaker was told her position would be “changed dramatically,” she wrote in a message sent to several internal Google mailing lists, according to Wired. If she wanted to say at the company, Whittaker would have to give up her work on AI ethics, as well as her job at the AI Now Institute at New York University, a research center she cofounded, the magazine said.Two months after the walkout, Stapleton was told she was being demoted from her role and would lose half of her reports, she reportedly wrote in the email. She brought the issue up with human resources and faced more retaliation, according to Wired. “My manager started ignoring me, my work was given to other people, and I was told to go on medical leave, even though I’m not sick,” she reportedly wrote. Stapleton hired a lawyer. After a company investigation, she was reportedly able to keep her position. “While my work has been restored, the environment remains hostile and I consider quitting nearly every day,” she wrote, according to Wired. Whittaker and Stapleton didn’t immediately respond to a request for comment. Wired reported that the pair would hold a “town hall” meeting on Friday, at which other employees will be able to discuss any retaliation they may have faced. A Google spokeswoman denied any retaliation, saying the moves were part of routine staffing changes. “Employees and teams are regularly and commonly given new assignments, or reorganized, to keep pace with evolving business needs,” she said in an email. “There has been no retaliation here.” last_img read more

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Amazon plans to launch highdef music streaming service says report

first_img Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Music Speakers CNET may get a commission from retail offers. Now playing: Watch this: The new service could challenge Spotify and other music streaming apps.  Smith Collection / Getty Images Less than a week after debuting a free, ad-supported version of Amazon Music for Alexa, Amazon might be planning its next big thing.The company could be working with large music rights holders to create a high-fidelity music streaming platform, Music Business Worldwide reported Thursday, citing “several high-placed music industry sources.”  Such a move would help Alexa, Amazon’s voice assistant, better compete with companies like Tidal, Deezer, Spotify and Apple Music. Amazon wasn’t immediately available for comment.MWB’s sources said Amazon’s high-def service would cost about $15 per month and launch before the end of the year. The price would be cheaper than Tidal’s and Deezer’s subscriptions, which cost $20 per month. Spotify and Apple don’t have high-definition streaming options.”It’s a better bit rate, better than CD quality,” an unnamed source told MWB. “Amazon is working on it as we speak: they’re currently scoping out how much catalog they can get from everyone and how they’ll ingest it.”Originally published April 26 at 10:58 a.m. PT.Update, at 11:09 a.m. PT: Added more details. • Mentioned Above Amazon Echo (2017,Heather Gray Fabric) $99 0 Apple Amazon Apple Amazon Echo Review • Amazon’s new Echo improves upon the original, slashes the price Preview • A new Amazon Echo is here. Catch up on Alexa’s upgraded home See It News • Amazon Echo Dot deal: 3 for $70center_img Aug 31 • Best places to sell your used electronics in 2019 See All reading • Amazon plans to launch high-def music streaming service, says report Aug 31 • Your phone screen is gross. Here’s how to clean it $99 ‘Alexa, play Apple Music’ How To • How to sell your old Amazon Echo Tags Share your voice See it Post a comment Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? 1:23 Crutchfieldlast_img read more

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AMMK union secretary hacked to death by unidentified assailants in Tamil Nadu

first_imgRepresentational ImageCreative CommonsThe union secretary of TTV Dhinakaran’s Amma Makkal Munnetra Kazhagam (AMMK) was hacked to death by some unidentified people at Manamadurai in Tamil Nadu on Sunday (May 26) morning.Saravanan, who was out for a morning walk was brutally attacked by the gang near Manamadurai-Sivaganga bypass. He tried to escape from the gang after seeing them but the criminals chased him and slashed him hard, leaving him in a pool of blood.The motive behind the killing is yet to be ascertained. However, the police have initiated an investigation over the murder of the AMMK functionary by forming a team of four to nab the culprits. The lawmakers are also probing into different angles, also they are trying to dig out his personal or political rivalries from the past.According to the initial reports, more than two people are doubted to be involved in the crime. The police have gathered possible suspects and have been questioning them to get a trail over the murder. Nearly 20 people have been detained in connection with the murder.The AMMK party leaders and workers including the party’s district secretary Umadevan has refused to accept the mortal remains of the slain leader, whose body is kept at the government hospital in Sivaganga as a mark of protest. They demanded the culprits be arrested, reports PTI.Saravanan was a resident of Pandiyan Nagar in Manamadurai and was party’s West Union Secretary. He vigorously campaigned for the AMMK candidate and former legislator Mariappan Kennedy in the recent assembly elections.last_img read more

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Tonight AFROs First Edition Tuesday Jan 27

first_imgListen at WEAA Live Stream: http://amber.streamguys.com.4020/live.m3uA report recently released by the Maryland Department of Education indicates the state’s high school graduation rates are up for the fourth year in a row, gains nearly across the board, which are being characterized as historic. We’ll talk about the state of education in Maryland with ourexperts. And the Baltimore City Police Department recently held a community meeting on, `bias in policing,’ and the media wasn’t invited. But, our team got the story anyway and we’ll have a report. It’s all coming up this evening on AFRO’s First Edition with Sean Yoes.last_img
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Ocean travel and colour

Known for minimal use of colour, Wendell Rodricks surprised with his Ocean Travels collection this fashion week. Besides the regular easy lines and cuts that fell like smooth water, the designer played with colours, but very subtly. Ranging from blues to pale yellows and an occasional salmon pink, Rodricks, this season, was all about linen, satin and shimmer. While shimmer broke the predictability, the colour added the right twist to the collection. The collection breathed the ease of the ocean – as the name suggests – and fell in a smooth unfettered flow. read more

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Red Team Tactics Getting started with Cobalt Strike Tutorial

first_imgAccording to cobaltstrike.com: “Cobalt Strike is a software for Adversary Simulations and Red Team Operations. Adversary Simulations and Red Team Operations are security assessments that replicate the tactics and techniques of an advanced adversary in a network. While penetration tests focus on unpatched vulnerabilities and misconfigurations, these assessments benefit security operations and incident response.” This tutorial is an excerpt taken from the book Hands-On Red Team Tactics written by Himanshu Sharma and Harpreet Singh. This book demonstrates advanced methods of post-exploitation using Cobalt Strike and introduces you to Command and Control (C2) servers and redirectors. In this article, you will understand the basics of what Cobalt Strike is, how to set it up, and also about its interface. Before installing Cobalt Strike, please make sure that you have Oracle Java installed with version 1.7 or above. You can check whether or not you have Java installed by executing the following command: java -version If you receive the java command not found error or another related error, then you need to install Java on your system. You can download this here: https://www.java.com/en/. Cobalt Strike comes in a package that consists of a client and server files. To start with the setup, we need to run the team server. The following are the files that you’ll get once you download the package: The first thing we need to do is run the team server script located in the same directory. What is a team server? This is the main controller for the payloads that are used in Cobalt Strike. It logs all of the events that occur in Cobalt Strike. It collects all the credentials that are discovered in the post-exploitation phase or used by the attacker on the target systems to log in. It is a simple bash script that calls for the Metasploit RPC service (msfrpcd) and starts the server with cobaltstrike.jar. This script can be customized according to the needs. Cobalt Strike works on a client-server model in which the red-teamer connects to the team server via the Cobalt Strike client. All the connections (bind/reverse) to/from the victims are managed by the team server. The system requirements for running the team server are as follows: System requirements: 2 GHz+ processor 2 GB RAM 500MB+ available disk space Amazon EC2: At least a high-CPU medium (c1.medium, 1.7 GB) instance Supported operating systems: Kali Linux 1.0, 2.0 – i386 and AMD64 Ubuntu Linux 12.04, 14.04 – x86, and x86_64 The Cobalt Strike client supports: Windows 7 and above macOS X 10.10 and above Kali Linux 1.0, 2.0 – i386 and AMD64 Ubuntu Linux 12.04, 14.04 – x86, and x86_64 As shown in the following screenshot, the team server needs at least two mandatory arguments in order to run. This includes host, which is an IP address that is reachable from the internet. If behind a home router, you can port forward the listener’s port on the router. The second mandatory argument is password, which will be used by the team server for authentication: The third and fourth arguments specify a Malleable C2 communication profile and a kill date for the payloads (both optional). A Malleable C2 profile is a straightforward program that determines how to change information and store it in an exchange. It’s a really cool feature in Cobalt Strike. The team server must run with the root privileges so that it can start the listener on system ports (port numbers: 0–1023); otherwise, you will receive a Permission denied error when attempting to start a listener: The Permission denied error can be seen on the team server console window, as shown in the following screenshot: Now that the concept of the team server has been explained, we can move on to the next topic. You’ll learn how to set up a team server for accessing it through Cobalt Strike. Cobalt Strike setup The team server can be run using the following command: sudo ./teamserver 192.168.10.122 harry@123 Here, I am using the IP 192.168.10.122 as my team server and harry@123 as my password for the team server: If you receive the same output as we can see in the preceding screenshot, then this means that your team server is running successfully. Of course, the SHA256 hash for the SSL certificate used by the team server will be different each time it runs on your system, so don’t worry if the hash changes each time you start the server. Upon successfully starting the server, we can now get on with the client. To run the client, use the following command: java -jar cobaltstrike.jar This command will open up the connect dialog, which is used to connect to the Cobalt Strike team server. At this point, you need to provide the team server IP, the Port number (which is 50050, by default), the User (which can be any random user of your choice), and the Password for the team server. The client will connect with the team server when you press the Connect button. Upon successful authorization, you will see a team server fingerprint verification window. This window will ask you to show the exact same SHA256 hash for the SSL certificate that was generated by the team server at runtime. This verification only happens once during the initial stages of connection. If you see this window again, your team server is either restarted or you are connected to a new device. This is a precautionary measure for preventing Man-in-the-Middle (MITM) attacks: Once the connection is established with the team server, the Cobalt Strike client will open: Let’s look further to understand the Cobalt Strike interface so that you can use it to its full potential in a red-team engagement. Cobalt Strike interface The user interface for Cobalt Strike is divided into two horizontal sections, as demonstrated in the preceding screenshot. These sections are the visualization tab and the display tab. The top of the interface shows the visualization tab, which visually displays all the sessions and targets in order to make it possible to better understand the network of the compromised host. The bottom of the interface shows the display tab, which is used to display the Cobalt Strike features and sessions for interaction. Toolbar Common features used in Cobalt Strike can be readily accessible at the click of a button. The toolbar offers you all the common functions to speed up your Cobalt Strike usage: Each feature in the toolbar is as follows: Connecting to another team server In order to connect to another team server, you can click on the + sign, which will open up the connect window: All of the previous connections will be stored as a profile and can be called for connection again in the connect window: Disconnecting from the team server By clicking on the minus (–) sign, you will be disconnected from the current instance of the team server: You will also see a box just above the server switchbar that says Disconnected from team server. Once you disconnect from the instance, you can close it and continue the operations on the other instance. However, be sure to bear in mind that once you close the tab after disconnection, you will lose all display tabs that were open on that particular instance. What’s wrong with that? This may cause some issues. This is because in a red-team operation you do not always have the specific script that will execute certain commands and save the information in the database. In this case, it would be better to execute the command on a shell and then save the output on Notepad or Sublime. However, not many people follow this practice, and hence they lose a lot of valuable information. You can now imagine how heart-breaking it can be to close the instance in case of disconnection and find that all of your shell output (which was not even copied to Notepad) is gone! Configure listeners For a team server to function properly, you need to configure a listener. But before we can do this, we need to know what a listener actually is. Just like the handler used in Metasploit (that is, exploit/multi/handler), the Cobalt Strike team server also needs a handler for handling the bind/reverse connections to and from the target/victim’s system/server. You can configure a listener by clicking on the headphones-like icon: After clicking the headphones icon, you’ll open the Listeners tab in the bottom section. Click on the Add button to add a new listener: You can choose the type of payload you want to listen for with the Host IP address and the port to listen on for the team server or the redirector: In this case, we have used a beacon payload, which will be communicating over SSL. Beacon payloads are a special kind of payload in Cobalt Strike that may look like a generic meterpreter but actually have much more functionality than that. Beacons will be discussed in more detail in further chapters. As a beacon uses HTTP/S as the communication channel to check for the tasking allotted to it, you’ll be asked to give the IP address for the team server and domain name in case any redirector is configured (Redirectors will be discussed in more details in further chapters): Once you’re done with the previous step, you have now successfully configured your listener. Your listener is now ready for the incoming connection: Session graphs To see the sessions in a graph view, you can click the button shown in the following screenshot: Session graphs will show a graphical representation of the systems that have been compromised and injected with the payloads. In the following screenshot, the system displayed on the screen has been compromised. PT is the user, PT-PC is the computer name (hostname), and the numbers just after the @ are the PIDs of the processes that have the payload injected into them: When you escalate the privileges from a normal user to NT AUTHORITY\SYSTEM (vertical privilege escalation), the session graph will show the system in red and surrounded by lightning bolts. There is also another thing to notice here: the * (asterisk) just after the username. This means that the system with PID 1784 is escalated to NT AUTHORITY\SYSTEM: Session table To see the open sessions in a tabular view, click on the button shown in the following screenshot: All the sessions that are opened in Cobalt Strike will be shown along with the sessions’ details. For example, this may include external IP, internal IP, user, computer name, PID into which the session is injected, or last. Last is an element of Cobalt Strike that is similar to WhatsApp’s Last Seen feature, showing the last time that the compromised system contacted the team server (in seconds). This is generally used to check when the session was last active: Right-clicking on one of the sessions gives the user multiple options to interact with, as demonstrated in the following screenshot: These options will be discussed later in the book. Targets list To view the targets, click on the button shown in the following screenshot: Targets will only show the IP address and the computer name, as follows: For further options, you can right-click on the target: From here, you can interact with the sessions opened on the target system. As you can see in the preceding screenshot, PT@2908 is the session opened on the given IP and the beacon payload resides in the PID 2908. Consequently, we can interact with this session directly from here: Credentials Credentials such as web login passwords, password hashes extracted from the SAM file, plain-text passwords extracted using mimikatz, etc. are retrieved from the compromised system and are saved in the database. They can be displayed by clicking on the icon shown in the following screenshot: When you perform a hashdump in Metasploit (a post-exploitation module that dumps all NTLM password hashes from the SAM database), the credentials are saved in the database. With this, when you dump hashes in Cobalt Strike or when you use valid credentials to log in, the credentials are saved and can be viewed from here: Downloaded files To view all the exfiltrated data from the target system, you can click on the button shown in the following screenshot: This will show the files (exfiltration) that were downloaded from the target system: Keystrokes This option is generally used when you have enabled a keylogger in the beacon. The keylogger will then log the keystrokes and send it to the beacon. To use this option, click the button shown in the following screenshot: When a user logs into the system, the keylogger will log all the keystrokes of that user (explorer.exe is a good candidate for keylogging). So, before you enable the keylogger from the beacon, migrate or inject a new beacon into the explorer.exe process and then start the keylogger. Once you do this, you can see that there’s a new entry in the Keystrokes tab: The left side of the tab will show the information related to the beacon. This may include the user, the computer name, the PID in which the keylogger is injected, and the timestamp when the keylogger sends the saved keystrokes to the beacon. In contrast, the right side of the tab will show you the keystrokes that were logged. Screenshots To view the screenshots from the target system, click on the button shown in the following screenshot: This will open up the tab for screenshots. Here, you will get to know what’s happening on the system’s screen at that moment itself. This is quite helpful when a server administrator is logged in to the system and works on Active Directory (AD) and Domain Controller (DC) settings. When monitoring the screen, we can find crucial information that can lead to DC compromise: To know about Payload generation in stageless Windows executable, Java signed applet, and MS Office macros, head over to the book for a complete overview. Scripted web delivery This technique is used to deliver the payload via the web. To continue, click on the button shown in the following screenshot: A scripted web delivery will deliver the payload to the target system when the generated command/script is executed on the system. A new window will open where you can select the type of script/command that will be used for payload delivery. Here, you also have the option to add the listener accordingly: File hosting Files that you want to host on a web server can also be hosted through the Cobalt Strike team server. To host a file through the team server, click on the button shown in the following screenshot: This will bring up the window where you can set the URI, the file you want to host, the web server’s IP address and port, and the MIME type. Once done, you can download the same file from the Cobalt Strike team server’s web server. You can also provide the IP and port information of your favorite web redirector. This method is generally used for payload delivery: Managing the web server The web server running on the team server, which is generally used for file hosting and beacons, can be managed as well. To manage the web server, click on the button shown in the following screenshot: This will open the Sites tab where you can find all web services, the beacons, and the jobs assigned to those running beacons. You can manage the jobs here: Server switchbar The Cobalt Strike client can connect to multiple team servers at the same time and you can manage all the existing connections through the server switchbar. The switchbar allows you to switch between the server instances: You can also rename the instances according to the role of the server. To do this, simply right-click on the Instance tab and you’ll get two options: Rename and Disconnect: You need to click on the Rename button to rename the instance of your choice. Once you click this button, you’ll be prompted for the new name that you want to give to your instance: For now, we have changed this to EspionageServer: Renaming the switchbar helps a lot when it comes to managing multiple sessions from multiple team servers at the same time. To know more about how to customize a team server head over to the book. To summarize, we got to know what a team server is, how to setup Cobalt Strike and about the Cobalt Strike Interface. If you’ve enjoyed reading this, head over to the book, Hands-On Red Team Tactics to know about advanced penetration testing tools, techniques to get reverse shells over encrypted channels, and processes for post-exploitation. Read Next “All of my engineering teams have a machine learning feature on their roadmap” – Will Ballard talks artificial intelligence in 2019 [Interview] IEEE Computer Society predicts top ten tech trends for 2019: assisted transportation, chatbots, and deep learning accelerators among others Facebook releases DeepFocus, an AI-powered rendering system to make virtual reality more reallast_img read more

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G Adventures Poon Tip named one of Canadas Most Admired CEOs

first_img Share TORONTO — Just a few weeks after winning a Travel Vanguard award, Bruce Poon Tip has scooped up yet another big win, this time for being one of Canada’s Most Admired CEOs.The founder of G Adventures was given the distinction by Waterstone Human Capital, Canada’s leading cultural talent management firm. This national program recognizes best-in-class Canadian organizations and CEOs for fostering corporate cultures that enhance performance and help sustain a competitive advantage.Poon Tip is the winner in the new Social Entrepreneurship category, which recognizes a leader who has made an outstanding contribution to social impact and corporate culture over the course of their career.“It’s a huge honour to be recognized as one of Canada’s most admired CEOs. I’ve always believed that our culture is our brand. It’s what truly sets us apart and distinguishes G Adventures from other travel companies,” said Poon Tip.Poon Tip added that the company works “tirelessly” to cultivate an engaged culture among its 2,200 employees, who based in more than 100 countries across seven continents. “But we’re also a social enterprise that is committed to giving back to the communities we travel to help make the world a better place, especially for local people.”More news:  War of words between Transat, Group Mach ramps upOn this year’s winners, Marty Parker, President and Chief Executive Officer of Waterstone Human Capital and Chair of Canada’s Most Admired CEOs, said: “What’s remarkable about this dynamic list of CEOs is their commitment to culture as a competitive advantage. They set the benchmark for cultivating and sustaining great cultures that ultimately drive their growth and power the performance of their teams. They are leaders to be admired for the diverse and impactful ways they make sure culture underpins all that makes them successful.” << Previous PostNext Post >> Tags: G Adventures Posted bycenter_img G Adventures’ Poon Tip named one of Canada’s Most Admired CEOs Travelweek Group Friday, November 23, 2018 last_img read more

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By Doug Hornig Casey Research On June 18 the Fe

first_imgBy Doug Hornig, Casey ResearchOn June 18, the Federal Reserve and FDIC circulated a letter to banks that proposes to harmonize US regulatory capital rules with Basel III.BASEL III is an accord that tells a bank how much capital it must hold to safeguard its solvency and overall economic stability.It’s a global standard on bank capital adequacy, stress testing, and market liquidity risk.Here’s the important bit:At the top of the proposed changes is the new list of “zero-percent risk weighted items,” which now includes “gold bullion,” right after “cash.”That’s the part to take notice of.If the proposals are approved by regulators – and that seems likely since adoption of Basel III will be– then this is a momentous change for the gold market.Now banks will be allowed to hold bullion in their vaults and count it among their Tier 1 assets – in other words, the least risky assets.That by itself would be bullish for the gold price, as banks that recognize gold’s unique characteristics seek to stockpile more of it.But that’s not the whole story…Gold Regains Money StatusFor one thing, Basel III also stipulates that a bank’s Tier 1 holdings must rise from 4% of assets to 6%.That means that banks may not only replace a portion of their existing paper with bullion, but may use it to meet some of the extra 2% as well.In addition, this vote of confidence from the highest monetary authorities gives further impetus to the remonetization of gold.In essence, what’s happening is that from now on gold will be considered “money” in virtually the same way as cash or bonds.And banks will be given the choice between holding more of their core assets in history’s most reliable store of value vs. paper backed by nothing more than the promises of increasingly wasteful governments.Finally, there is the impact on individual and institutional investors.Jeff Clark, in Casey Research’s BIG GOLD newsletter, has been guiding gold investors for years. In his view, this news looks set to really shake up the gold market, because as regulators and banks increasingly view gold as having safety on a par with the various paper alternatives, it is logical that they will also see the need to beef up their own holdings.There are a number of positives for gold going forward.Though it remains speculation on our part, we believe that the net result of Basel III and associated adjustments to US regulations will be an increased recognition of gold’s safe-haven status across all markets.And that translates into higher global demand for the metal next year, and a concomitant increase in its price.If you haven’t done so already, it’s time to get informed on gold and begin adding it to your portfolio.last_img read more

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In This Issue   Currencies eke out gains  

first_imgIn This Issue. *  Currencies eke out gains. *  Gold gets whacked Big Time. *  India’s economy rebounding. *  Kiwi. best performing Commodity Currency. And, Now, Today’s Pfennig For Your Thoughts! China’s Global Trade Financing Soars! . Good Day!  And a Tom Terrific Tuesday to you! Whew! I couldn’t believe it this morning when I woke up, before the alarm went off, and couldn’t get back to sleep. I went to bed so dead tired, I felt like I could sleep for days, but then, there I was, awake, before the alarm! UGH! Oh well, I guess that’s better than being in a panic because I overslept! It was as if a light bulb was turned on the minute we got close to December. The sun came out, and people were out dressing up their houses with lights and decorations. Good riddance to November!  Another light bulb is finally getting turned on in the heads of economists and analysts around the world, to the fact that China is moving to the top of the class. But before I get into that, let’s see what happened yesterday and overnight in the currencies and metals. First, the small gains that the Aussie dollar (A$) had eked out yesterday morning were wiped out as the day progressed, and then along came the Reserve Bank of Australia (RBA) who did leave rates unchanged, which is what I said all along that they needed to do, but do you remember how frantic the markets were about a December rate cut from the RBA? Well they turned out to be wrong, in a way. While the RBA didn’t resort to debasing the A$ any further than they already had, they didn’t miss the opportunity to take the A$ down further by expressing their feelings about the A$’s strength, saying that they were “still uncomfortable with the A$’s level”. I’m uncomfortable with it too! But I’m looking at it differently than the RBA is!  But you see, I don’t count here. This is between the markets and the RBA.. Well, there was more good news from India yesterday. Recall that in Monday’s letter I highlighted the increase in the Indian GDP for their 2nd QTR.  Well, add to that the news yesterday the India’s Current Account Deficit narrowed in the 2nd QTR (July through Sept) to $5.2 Billion (in dollar terms) or 1.2% of GDP. Just to show the  improvement in this data  one year ago at this time India reported a $21 Billion Current Account Deficit, which was 5% of GDP.  The rupee was one of the few currencies to eke out gains VS the dollar yesterday. The other currency to eke out a gain VS the U.S. dollar yesterday was the New Zealand dollar / kiwi.  (NZ$) Kiwi as is its slang name (think of dollar or buck being interchanged) , has just about recovered the losses it incurred last week when the A$ was getting whacked daily with verbal intervention from the Reserve Bank of Australia.  In recent months, kiwi has outperformed its Commodity Currency brothers, of A$, C$, rand, peso, real, ruble, and other smaller ones. I think that quite a few have gotten on my bandwagon that the Reserve Bank of New Zealand will most likely hike rates early in 2014, and view that as a positive to kiwi. And Gold got whacked again yesterday, Big Time! UGH! When I left for home, the shiny metal was down $25 on the day. This morning it’s flat, but that’s the early morning reading which takes place long before the price manipulators in NY arrive at their desks. Yesterday I left you with the thought that manufacturing indexes around the world were on the uptick, led by China. I then shared that fact along with the thought that the U.S. manufacturing index (PMI) would probably also print stronger later in the morning with my economic roundtable group. And right I was! The U.S. manufacturing Index (PMI) rose to 57.3 in October from 56.4 the previous month. Now I’ve long said that this report is very confusing to someone that tries to make heads or tails of the regional reports, which seem to always indicate a less rosy picture than is painted by the National PMI.  But then, maybe not so confusing as long as you realize that the regional reports are what they are, and the National report is put together by the Gov’t. But it made sense that the U.S. PMI was higher, given the PMI reports from around the world that also showed increased manufacturing activity. Is this enough to really get the Fed Heads to begin their Taper Capers? Well, that depends on how you view it.  57.3 is much stronger than it was at the end of 2008, when the index fell to 33.1. But if we go back to 2004 the index was at 61.4 (5/31/03)   So, I would tend to believe that the Fed Heads would view this as “work still to be done”.   But then I look at things logically. Speaking of things that might or already has dragged down the economy, what about the SNAP program?  So. the story that I first broke to you a couple of months ago, about how the U.S. Gov’t was going to be snipping the Food Stamps amount each month is finally starting to get to the major media.  Yes, leave it up to the major media to get a stale story, and then get everyone lathered up about it!   But, this isn’t the first “snipping” that will be done, folks.  and none of this is good for the economy.  We could continue to dig a deeper debt hole, and eventually ruin the economy, or stop digging and hurt the economy now, but maybe it recovers later. And the media is still fixated on Fed Tapering. I heard yesterday someone say that the markets are now focusing on a June data for Taper Capers to begin. June? I can barely see past Thursday this week when we are supposed to get our first snow of the season. I told the economic roundtable group yesterday that I didn’t think the Fed would begin to taper, period. That really brought down the house! Everyone gasped and held their breath, because they wanted to laugh loudly at me. But they did well in not reacting like that!  I saw a headline on the Bloomberg this morning titled: Yuan Forwards Touch One-Week Low on Concern Over Fed Tapering.   Why are these people still talking and writing about tapering? Didn’t Fed Heads Yellen and a few others already tell us what they were thinking about QE? That they had “more work to do”, and other quotes that I chronicled in this letter? Do these writers and the markets think the Fed Heads are just giving us a head fake? A curve ball? I doubt it. I don’t believe they are that creative. But then that’s just me and my opinion, and I could be wrong! Alrighty then. Now let’s talk about what’s going on in China that has everyone buzzing this morning. According to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the Chinese renminbi / yuan has overtaken the euro for second place in the currencies used in global trade finance, this year.  Now, remember as far back as 5 years ago, when I started telling you about the currency swap agreements that China was signing with countries around the world? I told you that they would be removing the U.S. dollar from the terms of the trade, as had been the case for many, many years. I told you that this would eventually give the Chinese the wider distribution for the renminbi that they sought, and it would remove the dollar’s relevancy around the world. Central Banks around the world would no longer have to hold as many dollars in their reserves in order to smooth out trade between countries. Well, look what we have here. SWIFT says that overseas exporters are using the renminbi more as the contract currency to increase the attractiveness and competitiveness of goods or services sold to China.  And now, we see that China has gained 8.66% of letters of credit and collections, while the euro’s percentage was 6.64%…  Hong Kong, Singapore, Germany and Australia were the top users of the renminbi / yuan in trade finance.  If we go back to January 2012, the renminbi / yuan’s share of global trade finance was just 1.89%, while the euro’s was 7.87%… So. how much renminbi do you own? I’ve said this for years, and I’ll say it again now and many times in the future, the renminbi will be more important to the world than the dollar.  I know that this percentage of the global trade finance for China is small potatoes compared to the dollar, but. this is the beginning of the change folks. mark it down in your journals. Well, the Black Friday Weekend sales reports were not good, with sales down 2.9%, but record amounts of shoppers. Hmmm. As the Great Hank Williams sang. You’re window shopping, just window shopping, You’re only lookin’ around, You’re not buyin’, You’re just tryin’, To find the best deal in town. See, I bet you thought I was just a R&B, Rock and 60’s pop kind of music lover. Ahhh grasshopper I was brought up in a house that had Hank Williams on all the time, and a dad that loved to sing along. Hmmm, I just thought of that, I guess that’s where I get my singing along with every song! There’s not much in the U.S. data cupboard today, and I don’t see any zinger Fed Head speakers on the docket today, so the markets will be on their own. That usually means nothing happens and the currencies and metals trade sideways for the day. But, you never know, which is why I turn on the screens every day, just to see if today is the day that everyone wakes up and smells the debt coffee in the U.S. Did you see the thing on TV the other night on Amazon? That their guy thinks that he can be ready to have drones deliver less than 5 lb packages to your door. Wouldn’t that be crazy to have all those things flying around in the air? While it sounds all sci-fi and cool and stuff, I would think the FAA would have something to say about this. Before I head to the Big Finish today, I wanted to respond to all the people that sent me emails or commented on the blog that my numbers were all wrong last week on the tax filers, and none tax filers.  I didn’t mean for that to go viral! (HA!, as if, right? )  I was just giving you some numbers that had been given to me by a CPA, so if they were incorrect, I’m sorry. And now. My connection to the server just went kaput, and I had to sit here idly waiting for it to reconnect for 20 minutes. have you ever had to just sit and wait for a computer for 20 minutes, it seems like hours! For What It’s Worth. I came across something while going through my Google+ app last night. Koos Jansen of The Real Asset Co. had this on his post. “China is fully aware of gold price suppression and planning to overthrow it.”   Chuck again. I sure hope he’s on to something! And then here’s more FWIW. the great and admirable Richard Russell, had a couple of things to say about Gold and the U.S. dollar and debt. that I found on Kingworld.com   Here’s Richard. “The inflationists and gold-haters have been able to drive gold down to a new low.  The P&F chart of gold below looks scary, but as I see it, what we are looking at is an ever-larger and growing base for gold.  The base has been forming ever since July of last year.  It’s been practically begging speculators to short gold.  The more shorts, the better.  I also think there’s been a lot of tax-loss selling by fund managers in gold and particularly the gold miners.” “A chart shows the dollar remains bullish — but if the dollar hits the 78 box, that will trigger a sell signal and upset the whole apple cart.  Many people wonder what will happen to the multi-trillion dollars of debt that the US owes.  Debt, in terms of dollars, remains stable (albeit growing). But I believe the Federal Reserve and the Treasury are playing for time.  If we continue to create dollars at the current rate, eventually the debt will appear manageable.  The trick is that we must create dollars faster than we are creating debt.  Eventually this must lead to hyperinflation.  It all boils down to a slogan that I invented many years ago, “Inflate or die.” Meanwhile keep your eye on the dollar.  A decline to 78 will be the first sign of serious danger.” Chuck again. The 78 Richard Russell is talking about is in the price of the Dollar Index, which is currently at 80.69.  Nothing else new here, but always good to get a reading of what Richard Russell is thinking. To recap. Gold got whacked Big Time yesterday, but is flat this morning. Only a couple of currencies eked out gains VS the dollar yesterday, with good data from India helping the rupee, and good data from New Zealand helping kiwi.  China has passed the euro for 2nd place among countries financing global trade. Remember, I told you 5 years ago, that China was building toward this. Currencies today 12/3/13. American Style: A$ .9125, kiwi .8240, C$ .9390, euro 1.3580, sterling 1.6415, Swiss $1.1055, . European Style: rand 10.36, krone 6.1090, SEK 6.5335, forint 223.15, zloty 3.0970, koruna 20.2060, RUB 33.26, yen 102.65, sing 1.2545, HKD 7.7525, INR 62.36, China 6.1352, pesos 13.25, BRL 2.3605, Dollar Index 80.67, Oil $94.08, 10-year 2.79%, Silver $19.20, Platinum $1,344.00, Palladium $710.65, and Gold. $1,223.69 That’s it for today. Here’s your first alert, and of course there will be one later this week, but Friday is St. Nick’s Day, which means you put your shoes outside your door on Thursday night. It’s a cute little tradition that we started with our older kids. So, don’t forget! The latest corruption index for countries is out, and Denmark and New Zealand are rated the cleanest! Good for them!  Well, the talk on the desk yesterday was all about my beloved Mizzou Tigers chances for this weekend. It was fun to hear everyone get involved in talk that is usually just me talking it up and playing the Mizzou fight song whenever I get the chance! The desk was really buzzing! I loved it! My Mizzou Tigers finally getting some love from everyone, besides the voters who still have us #5. I sure hope the Tigers come to play this weekend, and not lay eggs like they did whenever they went to the Big 12 Championship Games. I attended one of those games in San Antonio with the family and it was a real bummer at the hotel the next morning.  Ok. I hope you have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

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The Trump administration is proposing major change

first_imgThe Trump administration is proposing major changes in how prescription drugs are priced and paid for by Medicare. The effort is designed to cut costs for senior citizens at the pharmacy counter and by its example could spur changes in the broader market for prescription drugs. The draft rule from the Department of Health and Human Services would encourage drug companies to offer discounts directly to consumers and would reduce the role of middlemen that many policymakers say drive up list prices for medicines and increase consumers’ costs.”We’re going to fundamentally rewire how we pay for drugs in this system,” HHS Secretary Alex Azar said in a briefing with reporters on Friday.The key change would be the phaseout of rebates negotiated secretly between drugmakers and pharmacy benefit managers such as Express Scripts and CVS Caremark. These PBMs administer prescription drug plans for insurers and employers.A portion of the rebates paid by drugmakers now goes to insurers or employers, and PBMs take a cut of the savings for themselves. The administration’s proposed rule would put pressure on the companies to pass those discounts to consumers. The new draft regulation would set up a pricing battle between pharmaceutical companies and the PBM middlemen. Express Scripts, the second-largest pharmacy benefit manager, warned that the changes could drive up premiums for Medicare’s prescription drug insurance plans.”Rebates have been a key driver in keeping premiums low for all Medicare beneficiaries, so any changes to the impact of rebates in the [Medicare Advantage] market will increase premiums, which will drive up costs for [the government] and the program as a whole,” the company said in a statement to NPR. The proposed rule would discourage those rebates for companies doing business with Medicare’s prescription drug benefit by redefining them as possible illegal kickbacks. “Today’s rebate system is set up in the shadows to serve entrenched interests: drug companies who set these prices so high and the pharmacy benefit managers who receive billions of dollars in rebates without patients ever knowing where the money goes,” said HHS’s Azar in prepared remarks on Friday. Rebates account for about $150 billion in discounts in the prescription drug market each year, according to the drug industry trade group PhRMA and HHS. But only a portion of the money is passed along to insurance companies. The current system encourages drug companies to set high list prices because they know that pharmacy benefit managers will ask for rebates, typically calculated as a percentage of that price, if the medication is to be included in the list of drugs they cover. The changes, if implemented, could also make the notoriously opaque markets for prescription drugs more transparent, because consumers would see the discounted price negotiated by the pharmacy benefit manager when they picked up their medicine at the pharmacy counter.”This is a huge potential change, transformative,” said Dr. Walid Gellad, director of the Center for Pharmaceutical Policy and Prescribing at the University of Pittsburgh.Today, the actual cost of a prescription drug is often a percentage of the drug’s list price, so those initial high list prices end up driving up the price paid at the drugstore. In addition, many seniors on Medicare have to pay the full cost of some drugs.PhRMA, which has long blamed pharmacy benefit managers for high prices, welcomed the proposal. “We applaud the Administration for taking steps to reform the rebate system to lower patients’ out-of-pocket costs,” said Stephen Ubl, PhRMA’s president and CEO. But Dr. Aaron Kesselheim, a professor at Harvard Medical School who specializes in the economics of the pharmaceutical industry, said the move alone wouldn’t cut drug prices overall.”We may need reforms to the middleman system, but simply trying to eliminate rebating without any other steps threatens to drive up drug prices overall,” he said. “Rebates are a key mechanism that insurers use to try to reduce net drug prices.”Azar says the change, if implemented, will encourage drug companies to cut their list prices to compete for business. But the administration also acknowledged that premiums for Medicare’s prescription drug coverage could rise by about $5 a month. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

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