Go back to the enewsletter WeightoFly is the

first_imgGo back to the e-newsletter >Weigh-to-Fly is the answer to the packing problems of all travellers in the form of an extendible luggage scale which sends real-time updates to users’ phones as they pack their case.The device has an adjustable, lightweight, telescopic frame that slides and locks to fit whichever size case necessary. Once the case is placed on top, the sensors in each of the corners send updates via Bluetooth to the traveller’s smartphone, allowing them to see instantly how close they are to their weight limit as they pack. The smartphone app contains details of every major airline’s weight restrictions so the user simply types in which airline they are flying with.It even takes account of the weight of the device (450g) and the scale’s unique “coat hanger” design means it can also serve as a clothes hanger upon arrival to the destination. Also incorporated is a proximity sensor, which sends a notification if a case is left behind or the user moves too far away from their luggage.Weigh-to-Fly is the brainchild of Software Electronics Engineer Jamie Cruickshank: “One in five passengers are charged an average of £25 for excess baggage at the airport. In the UK alone, passengers forked out over £1.6 billion in charges in a single year. Multiply this globally and it is a huge problem. Not only is it costing passengers dearly but it causes stress, hassle and inconvenience at the airport.”He added: “There are other products on the market but these have disadvantages. For example there are cases with the weighing mechanism built in. These limit you to using a single case whereas Weigh-to-Fly can be used with any piece of luggage. Other luggage scales can let you down. They give inaccurate results, break easily or require you to lift heavy bags in order to read the weight. Not to mention the repetitive process of zipping up and weighing your bag every time you add or remove something.”The retail price of Weigh-to-Fly is expected to be £69.99.Go back to the e-newsletter >last_img read more

Private equity group Kohlberg Kravis Roberts has a

first_imgPrivate equity group Kohlberg Kravis Roberts has agreed to acquire western Balkans cable operator SBB/Telemach from Mid Europa Partners.The deal is expected to close in the first quarter of next year, subject to local regulatory approval.According to Mid Europa Partners, the transaction delivered a tripling of its investment in the operator and represents the largest private-equity exit in the former Yugoslavia. Mid Europa acquired Serbian pay TV operator SBB in 2007 and supported its organic and acquisition growth across the region to six countries. SBB has acquired 18 businesses that form United Group, with about 1.8 million revenue generating units across Serbia, Slovenia, Bosnia-Herzegovina, Croatia, Montenegro and Macedonia.The executive management team led by founder Dragan Šolak will remain in place and retain a substantial stake in SBB/Telemach Group“This transaction validates our strong conviction that the region offers attractive investment opportunities and demonstrates Mid Europa’s ability to create value through our intimate knowledge of regional markets and our hands-on ownership approach,” said Robert Knorr, Senior Partner of Mid Europa who leads Mid Europa’s investments in south-eastern Europe. “We have taken a national champion and transformed it into a pan-regional leader and best in class operator by global standards – a success story that was made possible through the combination of a strong business, operating in an attractive region, an exceptional management team, and the flawless execution of a complex buy and build and organic regional expansion strategy.”Henrik Kraft, Member of KKR and head of KKR’s telecoms and technology team in Europe said: “We look forward to partnering with Dragan Šolak and his team. They have built a strong and sophisticated TV and communications platform and we are excited to support the company in its further growth.”last_img read more

Sports channel ESPN has struck a fouryear agreeme

first_imgSports channel ESPN has struck a four-year agreement with the International Cricket Council to broadcast digital on-demand highlights of all ICC events to be staged between the 2016-2019 period in the UK and Ireland.The agreement will allow ESPN to show in-progress, pre-match and post-match highlights across all ESPN branded websites and mobile apps.The package includes the digital rights to the ICC U19 Cricket World Cup 2016, ICC World Twenty20 India 2016, ICC Champions Trophy 2017, ICC Women’s World Cup 2017, ICC U19 Cricket World Cup 2018, ICC Cricket World Cup Qualifier, ICC Women’s World Twenty20 2018 and the ICC Cricket World Cup 2019. As part of the deal, ESPNcricinfo, the channel’s cricket website, and UK sport website ESPN.co.uk, will feature near-live highlight clips through ESPN’s live match scorecard service. The in-play content will be complemented by full match highlights, up to five minutes in length, as well pre and post-event content provided by the ICC.Charly Classen, vice-president and general manager, ESPN, Europe, Middle East and Africa, said: “We are extremely proud of our coverage of international and domestic cricket, and are delighted we can expand that coverage with near-live in-match clips and full post-match highlights from the biggest tournaments in the sport. We are thrilled to expand on our longstanding relationship with the International Cricket Council in the UK and Republic of Ireland. With these highlights alongside our ball-by-ball coverage, ESPN will be offering cricket fans the perfect way to follow all of the action from the upcoming ICC World T20 and beyond.”last_img read more

YouTube now has 15 billion monthly viewers thanks

first_imgYouTube now has 1.5 billion monthly viewers thanks in part to a surge in big-screen viewing, according to company stats.Speaking on parent company Alphabet’s second quarter earnings call, Google CEO Sundar Pichai said that people are watching an average of 60 minutes a day of YouTube on their phones and tablets.However, he added that YouTube’s “fastest growing stream” is in the living room, and said: “YouTube watch time on TV screens has nearly doubled year-on-year”.“This quarter we unveiled six new ad supported YouTube originals from celebrities including Ellen DeGeneres and Kevin Hart, and YouTube creators like Rhett and Link,” said Pichai. “Advertiser feedback on these new shows has been extremely positive.”“Last week our Live TV service YouTube TV [also] had a [rollout in] ten new metro areas across America tripling the markets where it’s available in just four months.”The comments came as Alphabet reported a big surge in revenues, but a year-on-year drop in profits due to its recent European Commission anti-trust fine. Excluding this, profits would have also been up.Overall for the quarter ended June 30, 2017, Alphabet reported a 21% year-on-year jump in revenues to US$26.0 billion.Net income came to US$3.52, down from US$4.88 billion a year earlier owing to the impact of the US$2.7 billion European Commission fine, which was accrued in Q2 2017.The EC charged Google with abusing its dominance as search engine by giving “illegal advantage to own comparison shopping service,” putting it breach of EU antitrust rules.last_img read more

I have a friend who recently passed away after a p

first_imgI have a friend who recently passed away after a prolonged illness. Before he died, he confided to me that he was at peace with his unfortunate situation. His affairs were in order, and there was more than enough money in their brokerage account for his wife to live on and enjoy the rest of her life. I reassured him that he had been a good provider and done his job well. Now, I’m not so sure. One of my wife’s friends mentioned at their weekly girls’ luncheon that her husband has handled everything concerning their financial affairs over the 50 years of their marriage. Another gal – a recent widow – chimed in and said, “No! When my husband died, I didn’t even know how to write a check. You have to learn that stuff while he can still teach you.” She went on to explain that she and her husband had a financial planner for years. While she went along with him to their meetings, she confessed she never really paid attention. Now she has plenty of money and is being faced with decisions that have to be made with no understanding at all of what to do. She is concerned, and as my wife echoed, “She should be!” At one point in our life we bought a motorhome and decided to attend a conference called Life on Wheels. The husband and wife team started the conference by discussing pink jobs and blue jobs. This was well past the time of the women’s movement, so the first question was, “What is a pink job and what is a blue job?” “Anything the two of you decide,” the wife answered. If a couple is going to travel the country in a small space, they need to work out a system of chores that they are comfortable with fairly quickly. While a traveling in a motorhome is a blast, having a workable routine makes life a lot easier. Most everyone we know who has been married for any length of time knows that’s also good advice for a marriage. But we’ve seen too many cases where the partner who looked after all the finances was the first to die, and the surviving spouse had no clue. While the couple had a nice nest egg and could have easily been set for life, what happened to the survivor has often been bad. Some married financial predators. One friend told us that one of the things she liked about her new husband was that he knew about “those things.” After several cruises and trips, the money was almost gone, but they still had a lot of life left ahead of them. Others have just made mistakes or received bad advice from their children, well-meaning friends, or financial advisors. Regardless of the cause, the widow or widower is terrified, helpless, and knows he or she is vulnerable. There are just times in life when a do-over is not an option. As my wife and I began accumulating our own nest egg, I got quite a shock. We were celebrating reaching a financial milestone, having dinner, and I was feeling rather proud of myself for having done my job as a good provider and primary breadwinner. My wife quickly corrected me, “You have only done half your job.” She was right. When I was working 60-80 hours a week, the pink and blue jobs were a matter of efficiency. They allowed us to enjoy what little free time we had together. Now we had an empty nest and a lot more free time, so we needed to rethink the entire pink and blue allocation which had made us function as a team for twenty years. Here’s what we did: Immediately the check writing duties were reversed, not only for our personal accounts but also for our business accounts. That included balancing the bank statements on all accounts. My wife also took over all the filing, including the financial papers. She committed to looking at things and asking about what she didn’t understand. When it comes to online trading, she is now sitting next to me and will soon be making trades. When we became active investors, I began reading newsletters 2-3 hours a day. If I see one that I feel she should understand, it goes on her reading table. Her commitment is to read it, no matter how boring or complicated, and mark those areas where she has questions. And finally, what makes it work? There are no dumb questions! Frustration with each other is avoided at all cost. Just because one is uneducated in a particular subject does not mean that one is dumb! Our goal is not to make my wife an experienced, level-III options trader. The purpose is to educate her to the point where she has a darn good understanding of our financial affairs. The loss of a long-time partner is difficult enough without adding financial worries. My wife is now comfortable with the basics. While she may need some help, she’s capable of learning and would not allow her money to go into an investment she didn’t understand. Until next week…last_img read more

The gold stocks never got a sniff of positive terr

first_img The gold stocks never got a sniff of positive territory. They gapped down at the open, rallied along with the gold price between 10:30 an 11:45 a.m. in New York, and then sold off for the rest of the day, as the gold price rolled over. The HUI finished down 2.74%, finishing on it’s low of the day, and giving back everything it gained on Wednesday, plus a bit more. The daily HUI chart is M.IA., so here’s the 5-day chart, and it’s pretty ugly. The dollar index close late Wednesday afternoon in New York at 80.64, and then traded basically sideways until around 1 p.m. Hong Kong time. Then it dipped down to 80.40 during the next couple of hours, and then rallied back to around unchanged by shortly after 9 a.m. in London trading. The index spiked up to its high of the day [80.80] at 8:30 a.m. in New York, and then fell all the way down to 80.25 by 11:35 a.m. After that it traded flat for the remained of the Thursday session. The index finished the day at 80.26, which was down 38 basis points from Wednesday’s close. There was zero correlation between the currencies and the precious metal price action yesterday. The platinum price didn’t do much yesterday, but for the second day in a row, palladium was the star of the day after it rallied briefly in mid-morning trading in New York. Here are the charts. It was a very similar chart pattern for the silver equities, but they only gave back about half of what they gained on Wednesday. Nick Laird’s Intraday Silver Sentiment Index closed down 2.17%, and virtually on its low as well. Looking at these equity charts, you have to ask yourself one question, dear reader; and that is “whose buying all these precious metal shares that have been falling off the table for the last year or so”, as somebody owns them. The CME’s Daily Delivery Report for Day 5 of the December delivery month showed that 199 gold, along with 169 silver contracts were posted for delivery within the Comex-approved depositories on Monday. In gold, the short/issuers were of no particular importance. What was important, but no surprise, was the fact that the only long/stopper of note was JPMorgan Chase in its in-house [proprietary] trading account, with 193 of those contracts. In silver, the largest short/issuers of note were Jefferies and HSBC USA, with 82 and 75 contracts respectively. JPMorgan stopped 121 of those contracts, of which 116 contracts were for its in-house [proprietary] trading account. The link to yesterday’s Issuers and Stopper Report is here. There were not reported changes in GLD yesterday, and as of 9:39 p.m. EST yesterday evening, there were no reported changes in SLV, either. Joshua Gibbons, the “Guru of the SLV Bar List”, updated his website for the goings-on inside SLV for the past reporting week, and this is what he had to say — “Analysis of the 04 December 2013 bar list, and comparison to the previous week’s list: 819,078.4 troy ounces were removed (all from Brinks London), no bars were added or had a serial number change. “The bars removed were from: Doe Run (0.3M oz.), Met-Mex (0.2M oz.), and five others. As of the time that the bar list was produced, it was overallocated 737.6 troy ounces. All daily changes are reflected on the bar list.” The link to Joshua’s website is here. The U.S. Mint had another sales report yesterday. They sold another 8,500 troy ounces of gold eagles; and 1,000 one-ounce 24K gold buffaloes. It was rather quiet day for gold in the Comex-approved depositories on Wednesday. They reported receiving only 6,365 troy ounces, and didn’t ship any out All of the activity was at Brink’s, Inc., and here’s the link. For a change, it was even quieter in silver, as nothing was reported received, and only 1,456 troy ounces were reported shipped out. The link to that activity is here. I have a decent number of stories again today and, as usual, the final edit is up to you. Completing the December delivery intrigue is copper, where no deliveries have been made yet and a clear backwardation has developed. Just as a reminder, JPMorgan is very long copper futures. Is there any market these crooks don’t seek to dominate? The ironic aspect is that the Volcker Rule is set to be finalized by the CFTC next Tuesday, December 10. I say ironic because if either a legitimate Volcker Rule or position limits were established, JPMorgan would not be allowed to dominate the markets as it does. Who knows – maybe JPMorgan sees the handwriting on the wall and that is why they positioned themselves for an upside price explosion. – Silver analyst Ted Butler: 04 December 2013 Wednesday’s short covering rallies in both gold and silver ended up being flashes in the New York pan, as nothing happened in any of the world’s precious metals markets during the following 24 hours. Instead, it was followed by the same price pressure that we’ve become accustomed to, interrupted only briefly by a smallish rally in mid-morning trading in New York that got capped shortly before lunch. Since today is the first Friday of the new month, we get the jobs report at 8:30 a.m. EST, and I expect that JPMorgan et al will do the dirty with their high-frequency traders starting milliseconds before the numbers are actually released, because I’m sure that they’ll be given the “heads up”. I’d love to be wrong, of course. But using the past as prologue, I have to place my bet on that outcome. We also get the latest Commitment of Traders Report, along with the monthly Bank Participation Report which strips out the Comex futures positions of all the banks [both U.S. and foreign] and for that one day a month we get to see how dominant the U.S. banks really are in all four precious metals. As far as the COT Report is concerned, I’m expecting more improvements in the Commercial net short positions in the precious metals, especially after the hammering they took at the hands of “da boyz” on Monday. Gold, silver and platinum all set new lows for this move down on that day, and gold and silver set marginally new lows again on Tuesday as well. So if the numbers are reported in a timely manner, all this data should be in today’s report. Nothing much happened during early trading in the Far East on their Friday, and the tiny rallies in gold, silver and platinum in the afternoon session got sold back to unchanged about 45 minutes before the London open. London has been open an hour as I type this paragraph, and nothing much is happening there, either. I would suspect that traders are waiting for the jobs numbers just as we are. Volumes in both gold and silver are extremely light, and the dollar index is up about 10 basis points. And as I fire this off to Stowe, Vermont at 5:15 a.m. EST, all four precious metals continue to languish, and volumes are still very subdued. The dollar index is not doing much, either. Before heading out the door, I note that Doug Casey’s new book Right on the Money will be released on December 16. Right on the Money is the second book in the Conversations with Casey series. This time, the conversations focus on speculating, economics, investing, politics, and how to profit in times of political and economic chaos. “In it, famed speculator and New York Times best-selling author Doug Casey tackles investing head on. In his typical no-holds-barred style, Doug shares his philosophical views on economics, politics, and life itself… and his tools to turn them into actionable investment ideas. This book is nothing less than a speculator’s guide to profiting from the Greater Depression… a set of keys to a potential fortune, available only to contrarians who are brave enough to use them during a time of chaos and volatility gripping our world.” If you want to learn more, or find out how you can order it, all you need to know is at this link here. That’s all I have for today, and considering what might [or might not] transpire at 8:30 a.m. EST in New York, nothing will surprise me when I power up my computer later this morning. Enjoy your weekend, or what’s left of it if you live west of the International Date Line, and I’ll see here tomorrow. Sponsor Advertisement The chart pattern in silver was very similar, with the inflection points coming at the same time as the ones in gold. And after getting sold back down in electronic trading, the silver price didn’t do much after that. The high and low in the March contract were reported as $19.60 and $19.27. Silver finished the Thursday trading session at $19.435 spot, which was down 28 cents from Wednesday’s close. Net volume was a very healthy 47,000 contracts. We get the jobs report at 8:30 a.m. EST, and I expect that JPMorgan et al will do the dirty As I mentioned in The Wrap in yesterday’s column, once the big short covering rally in gold got capped during the New York lunch hour on Wednesday, it continued to get sold down almost with a break going into the London open yesterday morning. This trend continued until the low was in a hair after 10:30 a.m. EST. The subsequent rally lasted until shortly before noon, and then got sold down again starting around 2 p.m. in the New York electronic market. The high and low were recorded by the CME as $1,243.20 and $1,216.30 in the February contract. Gold closed in New York at $1,225.10 spot, down $18.20 from Wednesday, giving up virtually its entire gain from that day. Net volume was pretty hefty at 161,000 contracts. Skyharbour Resources Ltd. (TSX.V: SYH) owns a 100% interest in approximately 400,000 acres of land between seven uranium properties in the uranium rich Athabasca Basin region in northern Saskatchewan. Six of the properties consisting of approximately 388,000 acres of prospective ground are strategically located near the Alpha Minerals (TSX.V: AMW) and Fission Energy (TSX.V: FIS) Patterson Lake South (PLS) uranium discovery area. The properties were acquired for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS style uranium mineralization. Skyharbour’s land position is now one of the largest in the Patterson Lake area. The Athabasca Basin hosts the world’s largest and richest high-grade uranium deposits accounting for approximately 20% of global primary uranium supply. There are still areas in the region that are highly prospective and underexplored as illustrated by the new 49.5 metres of 6.26% U3O8 discovery at the Patterson Lake South property. Please visit our website for more information.last_img read more

Bill Bonner Chairman Bonner Partners Justin

first_img Bill Bonner Chairman, Bonner & Partners Justin’s note: While the Fed and the U.S. government do everything they can to discourage you from building your wealth, there’s something far more sinister happening behind the scenes. What Bill recently uncovered, lurking beneath the mainstream media’s headlines, isn’t something you’ll find anywhere else. Click here to learn more. Recommended Link Rotten Structure First, December’s retail sales numbers were revised down. Then, January showed retail sales growth at a little more than half the expected 0.5% rate. This was not good news, either. But when translated to modern trader talk, it came out as this: “Hey, the Fed ain’t gonna continue raising rates… not with this kind of retail sales report.” Traders – conditioned by many years of Fed meddling to “buy the dip” – took the bad news as good news and bought more overpriced stocks. The Dow ended up 1%. But markets are discovering new things every day. Last week, they discovered that bond prices should be lower (taking into consideration a probable, but not certain, new “quantitative tightening” program from the Fed… as well as the latest print on inflation). As prices fell, the yield on the benchmark 10-year Treasury note hit 2.92% – a four-year high. Investors will discover that stock prices should be lower, too. That much is a certainty, though the timing is always unpredictable. More broadly, they will discover that the whole shebang – the entire capital structure – is rotten. Passionate Intensity For 30 years, the Fed has systematically discouraged savings… …while the federal government’s appetite for spending the nation’s savings has greatly increased. You can do the math. In January 2017, there was about $8.8 trillion in savings stashed away in depository institutions in the U.S. (some of it belongs to foreigners). Today, there is $9.09 trillion… or an increase of less than $300 billion over the year. Even if 100% of these savings were taken this year, it would only cover a quarter of the feds’ projected $1.2 trillion deficit. We used to count on the Republicans to push back on deficits. They believed in small government and balanced budgets. But now, most of them lack all conviction – except in getting re-elected! And the worst are full of passionate intensity… …eager to snatch away every penny of other people’s savings. Regards, — — New Legislation: 33 States Pave the Way for Strange New Car Hand to Mouth As we reported last month, consumers were credited with having rescued the fourth-quarter GDP by digging into their piggybanks and emptying them to buy gewgaws and thingamajigs. That bit of data should have caused investors to fly to safety, too. Instead of the 10% savings rate that was customary in the 1970s, 1980s, and 1990s, household savings dropped to a near-record low of 2.4% last year. We pause here to remind readers that savings are the key to economic growth and prosperity. Without savings, you live hand to mouth… consuming all that you produce. Gradually, your machines, fields, and roads degrade. They must be continually renewed… with new factories and new businesses to offer jobs, compete in the market, and create wealth. Without savings, progress stops… and then reverses. The difference between a rich country and a poor one is the level of savings – stored up capital – that is available for business and consumer use. Savings are also important as insurance. You never know when mere anarchy will be loosed upon the land. You save money so you will have something to spend when it comes. Of course, no one seems to think times will ever get rough again. And with the geniuses at the Fed, the saints in Washington, and the magicians on Wall Street – maybe, they’re right! In any event, when the data started coming in from retail sales, it revealed that households seem to be running a little short. “Skint,” they say on this side of the Atlantic. Not since the Model T replaced the horse and buggy has America seen a shift this huge in the way we drive. Within the next 2 years, we will see 10 million of these cars on the roads—a 49,000% increase from today. Tiny Company on the verge of a price breakout… Tiny company has a rare technology that the U.S. military CANNOT do without. A single memo signed by Donald Trump could thrust this tiny company into the spotlight after March 2018. It could bolt for a potential 1,127% climb. But you can get in today for less than $3. Before the next price surge, I suggest you grab the ticker and place an urgent order. Recommended Link Justin’s note: Over the past few weeks, the market’s been volatile. The Dow plunged over 1,000 points on February 5, its biggest daily point drop in history. It’s since recovered some of those losses, but as Doug mentioned Friday, there are likely more down days ahead.In times like this, Bill Bonner reminds us of the only sure way to build wealth in any market environment… By Bill Bonner, chairman, Bonner & Partners Last week, investors didn’t know what to do. Incoming data left the falcons confused. On the one hand, they heard that inflation was ticking up. On the other, they heard that retail sales growth had slowed. Sell Button Consumer price inflation, as measured by the government’s bean counters, surprised to the upside with a 2.1% reading for the last 12 months. (In financial industry jargon, it’s called a “2.1% print.”) If the inflation growth rate from January alone continues, the Consumer Price Index (CPI) “print” at the end of the year will be 6.7%. And this attack on investors’ nerves was aggravated by data from the real estate sector. Bloomberg: Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings. Traders knew what to do: They hit the sell button. Rising inflation will mean lower bond prices… and it will leave stretched consumers with less money. But just as the Dow began to collapse, more data came in. This time, it was the report on retail spending.last_img read more

Click here for Dougs new guide to modern America

first_imgClick here for Doug’s new guide to modern America Let’s discuss words. Many of the words you hear, especially on television and other media, are confused, conflated, or completely misused. Many recent changes in the way words are used are corrupting the language. The corruption of language is adding to the corruption of civilization itself.Words are extremely important because they provide the most important means we have to communicate with each other. If you don’t mean what you say and say what you mean, then it’s impossible to communicate accurately. Do you remember that famous line at the end of Cool Hand Luke, when Paul Newman gets shot? “What we’ve got here is failure to communicate”? That’s what I want to talk about.Where shall I start, because there are over a million words in English? I’ve rather arbitrarily chosen a few that are especially relevant to investors and freedom lovers. Many of these words are popular with the political classes.For instance, stimulate the economy. That phrase came out in the 1960s. It really just means “print up money.” They don’t use it much anymore because they can see it no longer results in stimulus; rather, the opposite. Now it’s called quantitative easing. And everybody uses it without questioning the fact that it means “print money,” “inflate the currency,” or “debase the currency.” They say “quantitative easing” with no irony. It makes me think the chattering classes are actually, in reality, quite stupid. I’ll discuss that word—“stupid”—later.The “powers that be” use a word, and all the jabbering monkeys follow their lead using the same word. I advise you to call them on it. When you use the enemy’s language, you’re playing the enemy’s game on his field. And you can’t win a battle when you do that. — You may have noticed, for instance, that over the last 10 years, they only talk about gold in terms of tonnes. Not ounces, tonnes. This is doubly confusing to the average guy. Because they’re basically innumerate. Most people are unaware that there are two kinds of tons. There are metric tonnes, which are 1,000 kilos, or 2,204 pounds. And English, or short tons, of 2,000 pounds. And a lot of times, when I see things written, they’ll write “a ton of gold,” and they spell it T-O-N. It’s totally different from a T-O-N-N-E of gold, but nobody knows that, including the ignorant journalists.But they shouldn’t be using either “tonnes” or “tons.” If you’re going to price something in ounces, and use something in ounces, and miners report it in ounces, it’s idiotic to insert “tonnes” into the conversation. Nobody buys or sells or uses a tonne of gold. Even though gold is priced in dollars per ounce, you have fools who talk about tons or tonnes—not having a clue how many troy ounces are in either of them. Or even vaguely knowing what a tonne of gold is worth. But it serves to make the subject of gold more confusing, and more irrelevant, to the average guy.Let’s talk about bonds. I’m short bonds right now. But do you remember when debt instruments used to be called bonds and debentures? That is a critical but totally lost distinction.A bond is a debt instrument that is guaranteed by a specific asset in addition to the company’s credit. A debenture is a debt instrument that is just guaranteed by the issuer’s general credit.Whatever happened to debentures? Apparently, they don’t exist anymore. Why? Because although almost all debt instruments are debentures today, they’re now called bonds—which are better than debentures. It’s subtle, dishonest, and indicative of what’s happened to the credit universe in general. Things are made to look better than they, in fact, are.Another one. Time deposits and demand deposits. Some of you may remember the proper use of those terms. But, now, they’re completely conflated. Banking is actually two totally separate and different businesses combined into one. With time deposits, you give the bank X number of dollars for a specific length of time, and then the bank guarantees you a specific amount of interest.Why? So it can lend it out at a higher rate of interest for an identical amount of time, generally in a self-liquidating, secured business loan to somebody of substance. Consumer and mortgage loans are out of the question to a sound banker.Time deposits still—kind of—exist in the form of CDs, but they’ve generally morphed into savings accounts in the common vernacular. And even those have disappeared and have been conflated with demand deposits—called checking accounts by most people. They are totally different animals. At least if you’re running a sound bank. Historically, with checking accounts, the bank doesn’t pay you interest; you pay the bank a fee. Why? For the service of storing your money, and the convenience of writing checks against it. It’s as if you gave your furniture to Allied Van and Storage, paying them to store it. Now, this distinction is totally lost, and they can, in effect, lend your furniture out. This, plus the fractional reserve system, is why all the world’s banks are illiquid, and most are basically bankrupt.Investment. Savings. Everybody uses these words, often interchangeably. But nobody ever defines them, because they don’t understand what they actually mean. So, they’re misused and conflated. What is investment? “Investment” is the allocation of a certain amount of capital to a productive enterprise, intended to create more capital. It’s like planting a seed. “Savings” is simply putting aside the fruits of past production. You should produce more than you consume. When you set aside the excess, that is savings. Saving creates capital, and with capital, you can invest. But now, the concepts of savings and investment are conflated. The difference between them is undefined and therefore uncertain in the public’s mind.Speculation. A lot of people think, “Speculation? Oh, that’s gambling.” Well, actually no. Speculation is allocating capital, not to create more capital, but to take advantage of distortions and misallocations created in the market—usually by government interference. Gambling is to engage in a game of chance—roulette, dice, or the like. Since most people in the markets have no idea what they’re doing, they actually are gambling—just using their brokerage house as a casino. Perhaps that’s why people conflate the two things.Shareholders and stakeholders. We all know that a shareholder actually owns a share in a company, but have you noticed that over the last generation shareholders have become less important than stakeholders? Even though stakeholders are just hangers-on, employees, or people who are looking to get in on a shakedown. But everybody slavishly acknowledges, “Yes, we’ve got to look out for the stakeholders.” Recommended Link Recommended Link Read the full warning herecenter_img In Case You Missed It…China is opening the largest factory in world history. Its sole purpose is to produce one specific device—the same device set to power the 21st century.It requires an enormous amount of raw materials—as much as 1,073x the world’s current stockpile—every single year.The companies that supply these materials to China are about to be in high demand—in fact, one small company could have its entire deposit bought out, shooting its $1 stock through the roof. Why is Doug Casey Saying These Horrible Things?You can say he’s controversial, but you can’t say he’s wrong. — Where did that concept come from? It’s a recent creation, but Boobus Americanus seems to think it was carved in stone at the country’s founding.We’re told to protect them, as if they were a valuable and endangered species. I say, “A pox upon stakeholders.” If they want a vote in what a company does, then they ought to become shareholders. Stakeholders are a class of being created out of nothing by cultural Marxists for the purpose of shaking down shareholders.Inflation. This is one of the most misused words; few even think about its actual meaning. What is inflation? “Well, that’s prices going up.” No, it’s not. To say that is to confuse cause and effect. Inflation is an increase in the money supply. You inflate when the money supply is increased by more than real wealth increases.Prices go up as a result. People have forgotten about that. Today, inflation seems to come from out of nowhere, like a freak storm. No cause. Unless it’s blamed on the butcher, or the baker, or an evil oil company. Nobody ever thinks it’s a central bank—the Fed in the U.S.—that actually creates more money and causes inflation.You’ve heard that the Federal Reserve is trying to create a little bit of inflation because, they say, “A little bit of inflation is good.” No, even a little bit of inflation is deadly poisonous. For two reasons: It creates the business cycle. And it destroys the value of savings. Saving is the basis of capital creation. People who say that a little inflation is a good thing are dangerous fools.Well, what about deflation? That’s a bad thing, they say. Well, is it? In fact, deflation is a natural thing in a healthy capitalist economy. Why? Because in a healthy capitalist economy, every year, more wealth is created. An increase of wealth means prices, denominated in a sound money, will go down. And when prices go down, it means that the money you saved is worth more. Your standard of living will rise.Deflation encourages saving. And that’s a good thing, not a bad thing, because remember, savings represents the excess of production over consumption. That’s how you get wealthy, by producing more than you consume and putting aside the difference.And when you have deflation, where your money becomes more valuable every year, you’re encouraged to save. When the government destroys the currency by inflating it, saving is discouraged. Of course, at this point, because of the unsound monetary system, we might get a catastrophic deflation. A credit collapse.Another misused word is money. Money can be defined as a medium of exchange and a store of value. Historically, it’s always been something tangible. For instance, cows or salt. The word pecuniary comes from pecus, which is the Latin word for cow. We get salary from the Latin word for salt. But gold—and sometimes silver­—has always been preferred as money.What you’ve got in your wallet, however—those dollar bills—are currency. Currency is a relatively recent invention. It’s the government’s substitute for money. It originated as a receipt for money, i.e., gold. Currency no longer has any relationship to money. And now, forget about even having currency; it’s all about credit. Even currency is going out of circulation with the War on Cash. Soon you’ll only have credit, ephemeral digits in the ether. Everything you buy or sell will go through your bank account, so the powers that be can know exactly what you’re doing. It’ll be pretty much impossible to evade taxes. Or maintain any privacy. The world’s rapidly going in that direction.It’s a huge mistake, and we should not do that. Wait a minute—what did I just say? I said, “We should.” Those are perfectly fine English words except when they’re used together. We should. You remember Tonto and the Lone Ranger? Do you remember the joke about when they were surrounded by a bunch of hostile Indians—excuse me, Native Americans—and the Lone Ranger says to Tonto, “Tonto, we’re in a lot of trouble.”And Tonto looks at the Lone Ranger—incidentally, Tonto means “stupid” in Spanish—and says, “What do you mean we, white man?”We is a dangerous word. Especially when combined with “should.” It often occurs in political speeches or in comments by talking heads. Listen to the imbeciles on TV and see how many times the words we should occur. I’m sympathetic to Tonto.Another word the political class uses a lot lately is diversity. “We’ve got to have diversity.” No, we don’t have to have diversity. I don’t see why every room has got to have a few blacks, Hispanics, or women. Well, of course, half of the human race are women. But I occasionally like to go to a men’s club. It’s odd that men are never invited to ladies’ functions—and don’t care.In fact, birds of a feather usually flock together. This is perfectly natural. I don’t think you need diversity. If you want it in your club, fine. But freedom of association is far, far more important.I form my friendships based upon neither diversity nor a lack of diversity, although there’s a natural tendency to associate with people like yourself. I form my friendships based upon the character and the beliefs that a person has. The attributes that create diversity are stupid accidentals. The fact that diversity is emphasized draws attention to incidentals like race, sex, and gender, and diverts it from important things like character and beliefs. Diversity has become destructive. Cultural Marxists love it because they hate people.Unity has also become poisonous. That’s another one moronic politicians love to invoke: “We’ve gotta have unity.” No, we don’t have to have unity. In fact, we shouldn’t have unity. Unity is dangerous. It’s what happens when all the chimpanzees get together and start hooting and panting to create a war. People like Hitler, Stalin, and Mao required unity.Remember when it was okay to have bank secrecy, or any kind of secrecy? And then secrecy became somehow wrong. So, moral cowards said, “Let’s just have privacy; the word sounds less threatening.” Well, you can forget about privacy, too. Now, you’re just supposed to have transparency. That’s another word that’s just been revitalized in the last politically correct generation or two. It’s promoted by busybodies as a good thing.Transparency is a condition where everybody can see everything. Frankly, in my life, I don’t want everybody, or anybody for that matter, to see anything; it’s none of their damn business. The ability to maintain privacy or secrecy is one thing that separates civilized men from primitives living in mud huts. I don’t acknowledge either the necessity or the automatic goodness of transparency.Now, if I own shares in a publicly traded corporation, as a shareholder, I’ll demand transparency from the management. Generally speaking, management shouldn’t be trusted. They’re hired suits, and shareholders should keep them on a short leash. But nobody, other than shareholders, has a right to demand transparency from a corporation. In general, forget about this word. It’s popular. Everybody uses it. But it should be expunged from your vocabulary simply because it’s become such a favorite of cultural Marxists and busybodies.Fair. That’s a great word. But everybody’s got a different idea of fair. Put a bunch of money on the table, and let’s divide it up. Well, what’s fair? I don’t know. But I guarantee everybody will have a different idea of what’s “fair.” So, let’s forget about the idea of fair, because nobody knows what that is. It’s a floating abstraction. I have a better idea.Whatever happened to justice? What is “just”? It means everybody gets what they deserve. Now, perhaps you can solve the problem. It’s a bit more specific, more focused, to find out what you deserve as opposed to what’s fair. Because, frankly, some people don’t deserve anything. Simply existing doesn’t necessarily give you a right to a piece of the pie—or even a right to vote on it. But nobody talks about justice today; they talk about fairness. And, of course, this corrupts the moral character of society.What about freedom of speech? You can forget about freedom of speech. One reason is because nobody knows what words mean anymore. You need words in order to speak. But if you don’t define and use words accurately, they mean nothing. Forget about all the non-PC words you’re not even allowed to think, much less use. Freedom of speech is a phrase now divorced from reality. It’s actually no longer very important, except, oddly enough, among the political classes, where it’s become very important in exactly the wrong way. Because freedom of speech, today, often means hate speech.I’m not an antagonistic person, and I like most other people, if they’re of good character. Here’s a shocker for you: I don’t see anything wrong with hate speech. Why? Because there are a lot of things in the world worth hating, because they’re evil and destructive.But, if you want to live in a civilized environment, you shouldn’t conflate so-called hate speech with bad taste. Most so-called hate speech is simply bad taste or stupidity. Outlawing hate speech is far worse than anything that can possibly be said.One good thing about hate speech is that it lets you discover something about the person speaking. If he can’t speak, you may not really know who you’re actually dealing with. Which can be dangerous.Well, of course, now that we have “hate speech,” that draws attention to “aggressive speech.” That’s another newly coined phrase. Be aware of neologisms, newly minted words that the average chimpanzee uses as if they’d been around since the day of Aristotle. One of them is microaggression. This one is really popular with so-called minorities at universities today. It can occur when somebody says something that—by really parsing it in the manner of a Talmudic scholar—might make a person feel uncomfortable. As a result, these weenies are demanding segregated “safe spaces.”It’s not just completely ridiculous. It’s actually psychotic.You should laugh off the concepts of microaggressions and safe spaces, revel in free speech, and recognize the difference between hate speech and bad taste speech.“And that’s a genuine fact.” Does anybody say that anymore? Another change in the language over the last generation is that nobody says fact anymore. Facts are now factoids. “Here’s a factoid.” Do you know what a factoid is? It’s an artificial fact, or something that looks like a fact but isn’t. What, for instance, is an asteroid? An asteroid is something that looks like a star but isn’t. What’s an android? An android is something that looks like a human but isn’t. That’s what the ending -oid means—something that resembles the object in question. So, a factoid is really a phony, made-up fact, a created fact.I never say “factoid” unless I mean something that somebody’s made up. It’s a BS fact. What they really mean to say, to be cute, is factette. A little fact. A trivial fact. But people now use factoid. They don’t even think about what the word means. But that’s true of so many words today…Like United States. Everybody likes the United States. Well, I’m not sure I do, because they so often conflate the United States with the U.S. government. Talking heads will say, “The U.S. did this. The U.S. should do that.” Wait a minute. Do they mean the nation-state that lies in between Canada and Mexico, or do they mean the U.S. government? They’re almost always talking about the U.S. government. So, they’re conflating the U.S. itself, a conglomeration of 300 million people, with the U.S. government.They’re two different things. The U.S. government has a life of its own. And it only really cares about the U.S. the way a flea cares about a dog. A flea needs the dog; it wants the dog to survive. But not because it cares about the dog itself. The prime directive of every living being, whether it’s an amoeba or a corporation or a government, is SURVIVE. That’s the prime directive; it comes before anything else. The U.S. government is an entity that has a life of its own. Its prime directive is looking out for number one. So, don’t conflate the U.S. and the U.S. government. If you mean the government, say it. If you mean the country, say, “… the U.S., and I don’t mean the U.S. government.” Unfortunately, it’s now necessary to be extremely clear. Otherwise, people will assume what they will…But it’s worse than that, because people now conflate the U.S. with America. They’re totally different things. America is a unique concept, and it was an excellent concept. Its values—what it stood for, at least in theory—were actually unique in the world’s history. But people conflate that with the U.S., which is now really just another one of the 200 nation-states that cover the face of the Earth like a skin disease. I’m all for the idea of America. It’s unique, it’s good, it’s wonderful. But the U.S. is just another nation-state, like Burundi, Burma, or Ecuador—there’s less and less practical difference. Be especially careful when you conflate the U.S. and America.Another good thing that people always confuse, conflate, and define improperly today is health care. “We need the state to pay for health care.” “I want to buy some health insurance.” No, you don’t. And, no, you can’t. What they mean to say is medical care. Health care is something you do for yourself. It’s diet, it’s exercise, it’s prudent habits. Those things increase your odds of having health. They’re how you maintain your health. Your insurance policy, whether it’s Obamacare or something else, can’t maintain your health. It only insures some costs of your medical care.Recall the beginning of the movie Dances with Wolves, when they show the surgeon cutting off people’s limbs on a battlefield. That’s medical care, in effect, emergency damage control. It’s important and necessary, but medical care can’t maintain your health. That’s something you do. But people love to use the words health care; it sounds so wholesome.The political classes never say “medical care”; they always say “health care,” because everybody wants to be healthy, but people are scared by medical care. It means anesthesia, doctors cutting into you, and dread diseases. That’s why health insurance is so easy to sell to the average chimpanzee. It’s because he thinks to himself, “Yeah, health insurance. Sure, I want to insure that my health stays good.” He doesn’t want to think about medical care; that’s a scary scientific thing. So, please don’t say “health insurance” when you really mean “medical insurance.”I just mentioned the movie Dances with Wolves. That was partly about the so-called American Civil War. Well, no, it wasn’t a civil war, and you shouldn’t call it “the Civil War.” A civil war occurs when two or more groups use military violence in trying to take over the same government to control a designated area. That’s not what the so-called U.S. Civil War was about. It was actually a war of secession, where the Southern states were simply trying to secede. A war of secession is totally different from a civil war.The Spanish Civil War was a real civil war. There, the fascists and the communists were both trying to take control of the same real estate. What we had in the U.S. was not a civil war; it was a war of secession. So, call it the War Between the States. Some call it the War of Northern Aggression.Here’s another one: concentration camps. Who can tell me when concentration camps started, and who started them? No one?Most people would say, “Oh, it was those damn Nazis in World War II.” No, it wasn’t. It was the Brits, the wonderful Brits, our perpetual allies, in the Boer War in South Africa. The Afrikaners call it the British War for Gold. The British created the first concentration camps in modern history, incarcerating and intentionally starving scores of thousands of mostly women and children. But that’s kind of forgotten, since the victors always write the history. Or “herstory,” which, believe it or not, some “gender equality” types prefer to say. They believe everything should be politicized whenever possible.When I was in college, people used to joke, “We’ll never have concentration camps in the U.S.; we’ll call them something else.” And, by God, it was a joke in those days—but today, it’s actually true. We now call them detention facilities.Talking about war and concentration camps, do you all remember that until 1946, the U.S. government used to have something called the War Department? That’s what it was called. The U.S., technically speaking, didn’t go to war unless Congress declared war. But since World War II, it’s had nothing but undeclared wars. From Korea and Vietnam, which were pretty big wars, to all these little, but very expensive, sport wars we get into now.We don’t have a War Department anymore. That would be too honest. It’s called the Defense Department, but it doesn’t defend the U.S. Actually, it draws in trouble and danger to the U.S. They should call it the Opposite of Defense Department, because it’s actually the biggest single existential danger to the U.S. Entirely apart from the fact that, fiscally, it’s going to bankrupt the U.S.A generation from now—assuming they don’t start World War III, I wouldn’t be surprised to see the Seventh Fleet rotting at the dock like an Argentine destroyer, or like the Soviet Navy 20 years ago. But in the meantime, don’t call it the Defense Department. It doesn’t defend anything.You may be thinking, “This guy doesn’t sound like a patriot.” Patriot. That’s a loaded word. “I’m a patriot, you’re a nationalist, he’s a jingoist.” I’m not sure I know the difference. Why is everybody supposed to be a patriot of the country that they’re born in? I don’t care if you come from Rwanda; you’re supposed to be a patriot. It’s a ridiculous concept. My country is the best one in the world, because I was born there. It’s an accident of birth.If you were born just five feet north of the Canadian border, now you’ve got to be a Canadian patriot.At what point does a patriot turn into a nationalist? And at what point does a nationalist turn into a jingoist? Patriot is a word to use very carefully. Be very, very careful of people that use it promiscuously, because they usually don’t know what it means, nor what its implications are. And they’re often warmongers.It’s similar to the axiom “I’m a freedom fighter, you’re a rebel, he’s a terrorist.” It’s mostly a point-of-view thing. But don’t dare broach the subject to a patriot. God forbid a nationalist or a jingoist should hear it.It’s funny how they call these ISIS people in the Middle East—horrible people, quite frankly—they call them terrorists. Well, I don’t know. They’ve established their own nation-state in exactly the way most nation-states are established. You know, by killing the people that were there before, taking over the government, and killing people that fight against them. They’re nasty. I don’t like them; I’d be one of the first people they’d put up against the wall. But that’s how most states get started. They’re just as legitimate as any other nation-state out there today.People say, “Well, they shouldn’t dismember Syria.” Well, Syria is not a real country. It’s a dozen different tribes that mostly hate each other. Iraq is not a real country, either. It’s at least three separate, distinct countries. Afghanistan, Pakistan, India—none of these is a real country, either. None of those countries in the stans is a real country. What do I mean by that? They have no real ethnic, tribal, religious, cultural, or linguistic homogeneity. None of the countries in Africa is a real country, either. It’s crazy to consider them countries. A real country is homogeneous. There are very few—places like Denmark and Finland—unless they’re overwhelmed with migrants. Most “countries” are actually domestic empires.Non-interventionism. There’s nothing wrong with non-interventionism. It’s a highly benign concept, but nobody says that. If you don’t want to stick your nose into somebody else’s business and kill the natives, then you’re called an isolationist. “These are the good natives; those are the bad natives.” I can’t tell the difference, and I promise you, the morons in Washington can’t, either. Conflating the pejorative word isolationist with the benign non-interventionist typifies the intellectual dishonesty that’s accepted—and rarely challenged—today.Actually, what have I been talking about this whole speech? I’ve been talking about stupidity. So, why don’t we define the word stupidity? It’s usually taken to mean a low IQ. But that’s not a very helpful definition. It’s rather circular.More accurately, stupidity is the ability to see the immediate and direct consequences of an action, but an inability to see the indirect and delayed consequences. That’s a much more useful definition of stupidity. But I’ll give you an even better one. It’s an unwitting tendency toward self-destruction. And so, when I use the word stupidity in reference to the misuse of words and the conflation of concepts, it’s appropriate. These things are not trivial factors in the degradation of Western civilization.And we’ve only scratched the surface of the problem in the last few minutes.Regards,Doug CaseyFounder, Casey ResearchReader MailbagAre there certain words you feel are commonly misused today? We’d love to get your take. You can share them with us right here… We’ll feature the top ones in next week’s mailbag. An Urgent Warning for Anyone Living in (or Traveling to) One of These StatesA strange new money may be coming to your state… Hundreds of strange new ATMs are popping up from the private sector. And Teeka Tiwari, America’s #1 currency expert, says this may lead 13 U.S. states to move towards issuing new “state money.” Will you be affected? And what does it mean for your savings in American dollars?last_img read more

Heart disease is the leading cause of disability a

first_imgHeart disease is the leading cause of disability and death worldwide. About 2,200 people in the U.S. die per day due to cardiovascular problems, or one every 40 seconds. With that in mind, if you knew that you could help keep your heart healthy by eating just a little bit less every day — about six standard-size Oreos’ worth of calories — would you? Researchers have found evidence that just a modest reduction in our daily caloric intake could have protective benefits for our hearts, according to a paper published this week in The Lancet Diabetes & Endocrinology. The paper drew on data from the Comprehensive Assessment of Long-term Effects of Reducing Intake of Energy (CALERIE) study. That landmark project, supported by the National Institutes of Health, was one of the most in-depth efforts to measure the long-term impacts of caloric restriction in humans. Researchers have published numerous analyses drawing on data from the two-year study, examining various factors associated with life expectancy and longevity.This paper, the latest to draw from the data, primarily examines how moderate caloric restriction impacts heart health and how it may potentially prevent aging-related decline. The experiment began with 218 participants, all of whom were normal weight or just slightly overweight and between ages 21 and 50. Researchers started 143 participants on a diet that reduced their caloric intake by 25%; 75 others were assigned to a normal diet. In the end, 188 participants completed the study — 117 with caloric restriction and 71 without. For the first four weeks of the study, people in the calorie-cutting group were fed in-house at one of three clinical centers. During this time, they were instructed on how to reduce their caloric intake and gradually fell into one of six eating plans based on their own preferences. Over the first six months, most people stuck pretty well to their diets. On average, they cut back on calories by about 20%. But they didn’t fare as well over two years: Overall, they trimmed their caloric intake by an average of about 12% — or about 300 fewer calories per person per day. Even so, this relatively modest reduction in calories had significant effects on the participants who ate less: They lost about 16.5 pounds on average and saw improvements, including lowered cholesterol and blood pressure, on all six primary factors associated with risks to heart health. They also saw improved insulin resistance and metabolic rates.”We expected there to be [some] improvement on cardiometabolic factors because of weight loss,” says William Kraus, the study’s lead author and a distinguished professor of cardiovascular genomics at Duke University. “But … we didn’t expect the degree of improvement we saw.”And though the weight loss was relatively impressive, it wasn’t responsible for a majority of the heart benefits. After conducting further analysis, researchers determined that at most, weight loss accounted for only 25% of the improved measurements in heart health. The researchers say their findings suggest that caloric restriction can have health benefits above and beyond those normally associated with weight loss.David Sinclair, a professor of genetics at Harvard Medical School, says the findings provide further evidence that caloric restriction can be beneficial to staving off the negative effects of aging. But, he says, the study also demonstrates a significant problem with using caloric restriction to improve human health: It’s really hard to maintain, even for motivated people. Of the 143 participants who originally began the restricted diet, 26 dropped out before the two years were up. (Small sample size was a limitation of the study.) Many others were screened out from the initial study pool because of concerns about their physical or mental health.”You can’t expect the elderly or frail to do this severe dietary regimen,” says Sinclair, who was not involved in the study. “We need alternatives, be they intermittent fasting or medicines that mimic calorie restriction.” He is working to understand how caloric restriction works on a molecular level so that he and others can come up with medications that confer the same benefits without the pain and difficulty. The goal of any caloric restriction research, he says, is the reduction — and maybe elimination — of aging-related diseases. “Aging isn’t considered a medical condition — it’s just too common. Hopefully, in the near future, we won’t accept it,” he says. “That’s what calorie restriction offers: It compresses the period of sickness. People one day will hopefully live into their 90s in a healthy way and pass away more quickly and [less] painfully than we do now.” Susie Neilson is an intern on NPR’s Science Desk. Follow her on Twitter: @susieneilson. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

Generation Z and the Future of Business

first_img 5 min read Millennials The World Government Summit in Dubai always leaves its attendees and viewers with a gratified, inspirational understanding of what governments and businesses across the globe are doing to improve the lives of citizens everywhere. This year, as the Raising Awareness and Human Social 2.0 panel wrapped up, there was one undeniable takeaway: the voice of Millennials and Generation Zers are forcing governments and businesses across the globe to change how they operate. Through the panel, featuring top entrepreneurs and executives Renato Libric, Rana Gujral and Ryan Patel, we learned that the traditional methods of operating a business has been flipped on its head and now requires much more thought and consideration.Related: 5 Ways Millennials Are Like No Generation Before ThemWhat has changed?The times have changed from when a company could focus solely on making as much capital as possible without having to worry about their global outreach and opinions. Now, an organization’s stance on what they believe in, as well as their own goodwill in the world, are equal, if not more valuable, than the products they produce. This new wave of pressure to “do good” came about because of the advent of social media, empowering millennials and Gen Zers.The panel moderator (Melissa Jun Rowley) touched on how millennials and Gen Zs are digital natives who have quickly realized, not only the power that they hold, but how to use it. “They collaborate with people on the other side of the planet” and are more “socially aware than any generation ever has been.” Thus, making them a very forceful consumer.Related: Marketing to Millennials? Make It Personal and Customized.How does this change impact businesses?As Ryan Patel (board of director at American Red Cross LA, former VP of global development at Pinkberry) noted, “companies can no longer just be okay with, ‘we made enough money, now let’s do something good’ It has to be engrained in their DNA.” Because if it’s not and if a consumer sees something they don’t like, they’re going to let the brand know directly.Patel also expanded on this thought, stating that it’s vital for companies to now be engaged with their consumers. “It’s no longer okay to write a check for companies. Just like it’s no longer [okay] for governments to say “we’re doing something.”… Consumers, Millennials and Gen Z can look you up and see what are you doing to make an impact. We must be transparent.”One of the biggest changes in this new consumer behavior is if they like what a brand stands up for, they want to get behind it.Renato Libric (CEO Bouxtie Inc.) explained how just last year, his company Bouxtie Inc., went viral after a devastating Florida hurricane. Bouxtie had changed the gift card industry, eliminating the plastic card and allowing people to send gift cards digitally. Libric noted, “Victims of the hurricane were posting videos of the flood damage they had suffered online and people from all over the globe saw a cause, began communicating with them peer-to-peer, and then used Bouxtie, which prides itself on being transparent, to send digital gift cards for places they can buy what they need, to try to make a difference and get these people back on their feet.”Renato also explained that Millennials and Gen Zers are more interested in experiences than putting their money into an actual, physical product. He stated that today’s younger generations will spend, “five to seven days [discussing online] with friends [which company] has the best outreach.”Renato gave an example of how consumers today would be more apt to ignore a new Nike ad and instead buy a new pair of shoes from a company who will turn around and help those in need in Africa. It’s this behavior that is clearly changing the playing field for all companies, new and old.Related: Trump’s Tax Plan: The Top 3 Things You Need To KnowHow does this change impact governments?This altering trend pushed upon companies by Millennials and Gen Zers also pertains to governments. As Rana Gujral (entrepreneur, HACK Temple) said, government’s, “have to satisfy what an audience is looking for.”“For governments, if they want to get elected and they want to stay relevant, they have to speak to their audience.” This is due to the fact that, if they don’t speak to their audience directly, that audience will move on. Gujral noted that millennial and Gen Zers are very, “in-tune with themselves and really believe they can make a change.” Naturally, they want to see someone in government, “who is speaking from their heart.” If they don’t, they will be vocal about it until they get what they want.Millennial and Gen Zers should be proud of themselves. They were handed a medium (social media) in which they could do what they wanted with it and they turned around and have begun changing how the most powerful people in the world operate. No matter where your opinion on this topic lies, you do have to admit, enabling a generation to use their voice to push others do good in the world, is never a bad thing.The World Government Summit is an annual conference featuring more than 100 distinguished speakers from across the planet, focused on creating a dialogue that will shape the future of governments and help improve the lives of citizens everywhere. Cynthia Johnson A global forum has found that the generation born since 1980 is having a profound effect on government and business. Opinions expressed by Entrepreneur contributors are their own. Generation Z and the Future of Business Free Webinar | July 31: Secrets to Running a Successful Family Business Register Now » Learn how to successfully navigate family business dynamics and build businesses that excel. Add to Queue Co-founder and CEO of Bell + Ivy, marketer, speaker and author March 3, 2017 Next Article Image credit: Paul Bradbury | Getty Images –shares Guest Writerlast_img read more

Google Shutters Google After It Exposed Data for Hundreds of Thousands of

first_img 3 min read Image credit: Beck Diefenbach/Reuters via engadget Add to Queue Google –shares Next Article Register Now » Learn how to successfully navigate family business dynamics and build businesses that excel. Mallory Locklear This story originally appeared on Engadget Google exposed private data from hundreds of thousands of Google+ users and then chose not to inform those affected by the issue. The Wall Street Journal reported that sources close to the matter claim the decision to keep the exposure under wraps was made among fears of regulatory scrutiny. Google said it discovered and immediately fixed the issue in March of this year.According to the Wall Street Journal’s sources as well as documents reviewed by the publication, a software vulnerability gave outside developers access to private Google+ user data between 2015 and 2018. And an internal memo noted that while there wasn’t any evidence of misuse on behalf of developers, there wasn’t a way to know for sure whether any misuse took place. Google said that it also found no evidence that any of the developers behind the 438 applications that used the API in question were aware of the bug. Exposed data included names, email addresses, birth dates, gender, profile photos, places lived, occupation and relationship status.Though Google allows developers to collect Google+ profile information when granted access by users, a bug gave developers access to the profile data of friends of those users as well, regardless of whether those friends had chosen to share that information publicly. Google said in a blog post that nearly 500,000 users may have been impacted, but because the company keeps the log data from this specific API for only two weeks at a time, it can’t fully confirm who was truly impacted and who was not. The company noted that information like Google+ posts, messages and G Suite content weren’t included in the exposure.”Our Privacy and Data Protection Office reviewed this issue, looking at the type of data involved, whether we could accurately identify the users to inform, whether there was any evidence of misuse and whether there were any actions a developer or user could take in response. None of these thresholds were met in this instance,” said Google. The Wall Street Journal reports that CEO Sundar Pichai was notified of the plan to not disclose the data exposure and a document obtained by the publication warned that if it was indeed disclosed, it could result in “us coming into the spotlight alongside or even instead of Facebook despite having stayed under the radar throughout the Cambridge Analytica scandal.”In light of this issue, Google will be shutting down the consumer version of Google+ and will do so over the course of 10 months in order to allow users to transition out of the service. The company aims to complete that process by August of next year. Additionally, Google is giving users more control over the data they share with apps, will limit the apps that can receive permission to access Gmail data and will limit the ability of apps to retrieve call log and SMS access on Android.While Pichai declined to appear at a Senate Intelligence Committee hearing that touched on election meddling and security, he will testify before the House Judiciary Committee next month and discuss bias, privacy and Google’s rumored work in China. The company also didn’t tell users about the exposure. Free Webinar | July 31: Secrets to Running a Successful Family Business Google Shutters Google+ After It Exposed Data for Hundreds of Thousands of Users October 9, 2018last_img read more

Apple Taps Burberry CEO to Run Retail Operations

first_img Apple is adding a touch of plaid to its retail stores.Apple has tapped Burberry chief Angela Ahrendts to run its retail division, adding a decidely non-tech executive to manage its consumer sales channel.Apple created a new position for Ahrendts, who will be a senior vice president and member of the company’s executive team. She will report to CEO Tim Cook.“I am thrilled that Angela will be joining our team,” Cook said in a statement. “She shares our values and our focus on innovation, and she places the same strong emphasis as we do on the customer experience. She has shown herself to be an extraordinary leader throughout her career and has a proven track record.”Ahrendts, who became CEO of the British luxury fashion brand in 2006, will oversee the strategic direction, expansion and operation of both Apple retail and online stores, the company said. She will join Apple in spring 2014.Apple’s retail chain – exemplified by bright and modern Apple stores nationwide – hasn’t had a high-profile leader since Ron Johnson left two years ago to run J.C. Penney. Johnson was fired from that job in April.Apple did not disclose what it is paying Ahrendts, but she was the highest paid CEO for any company on the FTSE 100 last year, at $27 million. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. October 15, 2013 –shares Lyneka Little Apple Taps Burberry CEO to Run Retail Operations Technology Opinions expressed by Entrepreneur contributors are their own. Add to Queue 2 min read Next Article Register Now »last_img read more

England coach Bayliss to step down regardless of Ashes result

first_img Cricket 08 Jul 2019 Gibson wants to complete unfinished business with South Africa (Reuters) – England head coach Trevor Bayliss has said he will step down from his position regardless of how the team fares in the Cricket World Cup final against New Zealand on Sunday and the Ashes test series against Australia in August and September.Bayliss, who has been in charge of England since 2015 and led them to the top of the one-day international rankings last year, has a contract until September.”I have always been a believer that four or five years is long enough, whether you are doing well or not,” Bayliss told BBC Radio. “It is time for a new voice for the boys, to hopefully take them to another level.”Four years ago after the last World Cup, which was not good for England, we set out and had planning to hopefully win the 2019 edition, and it feels great that now we have a chance to fulfil those dreams.” Related News England’s director of cricket Ashley Giles said in February that they are almost certain to have one coach in charge of their test, one-day international and Twenty20 teams after Bayliss completes his stint.England reached the 50-overs World Cup final with a convincing eight-wicket win over holders Australia on Thursday and the hosts, who are three-times runners-up, are looking to win their first ever title in Sunday’s final at Lord’s.”We had a chat in the changing room afterwards and realised we have not won anything yet,” the 56-year-old Australian Bayliss added. “There’s going to be a lot of noise around ‘you guys are the favourites’ — we can’t listen to any of that.”We have just got to concentrate on the way we have gone about our cricket over the past four years and what has got us to this point and go through our process.”After the World Cup, England play a one-off test against Ireland on July 24 before the first Ashes test begins on Aug. 1 at Edgbaston. (Reporting by Rohith Nair in Bengaluru; Editing by Toby Davis) Cricket 07 Jul 2019 England quick Anderson suffers calf injury ahead of Ashescenter_img {{category}} {{time}} {{title}} Related News Cricket 08 Jul 2019 England coach Bayliss says Roy a ‘definite option’ for Asheslast_img read more

Future wars would be more violent unpredictable Army chief Bipin Rawat

first_img Next Indo-Asian News Service New DelhiJuly 13, 2019UPDATED: July 13, 2019 20:39 IST The Indian Army is fully ready to repel any misadventure by Pakistan, Bipin Rawat said.Stating that cyber attacks would dominate future warfare, Army Chief General Bipin Rawat on Saturday said future wars would be more violent and unpredictable.”Major armed forces must be prepared for future warfare with these changed characteristics as future wars would be more violent and unpredictable,” General Rawat said while speaking at a seminar organised by the Centre for Land Warfare Studies (CLAWS).He said despite this change the soldiers would remain the primary assets.Gen Rawat said cyberspace was likely to be fiercely contested in future wars with threats of cyber attacks on critical national infrastructure.He said one of the key battle zones would be the information domain, with the constant battle of these narratives attempting to shape perceptions across the world.He said in future even the conventional conflicts were likely to have large asymmetric components as technologies become the key drivers of future wars.Gen Rawat said, the response to Uri and Balakot have amply demonstrated India’s political and military resolve against terror, adding that any act of terror would not go unpunished.The Indian Army is fully ready to repel any misadventure by Pakistan, he said.Speaking on the occasion, former Army Chief General (retd) V.P. Malik said the Kargil conflict happened due to a failure of surveillance and intelligence.Referring to Kargil, Gen Malik said one cannot fight the same war that was fought 20 years ago but despite uncertainty one has to be prepared for that.Referring to post-Uri and Balakot surgical strikes, the general said that after Kargil there has been a huge change in mindset and that he hopes India does not go back to the situation before Uri.ALSO READ | Let there be no doubt: No act of terror will go unpunished, says Army chief General RawatALSO WATCH | Army better prepared to tackle 26\11-like attacks, says General Bipin RawatFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted bySnigdha Choudhury Future wars would be more violent, unpredictable: Army chief Bipin RawatGeneral Bipin Rawat said cyberspace was likely to be fiercely contested in future wars with threats of cyber attacks on critical national infrastructure.advertisementlast_img read more

Roy Blunt of Missou

Roy Blunt of Missouri and Sen. He was in School of Modern History in Birmingham for four years before he returned to Nigeria in September 1976 to join the Department of History in the University of Ibadan where he later rose to the position of a senior lecturer from 1976 to 1979. But, See Photos of the Stars of TGIF, producing shelves lined with preserved tomatoes and pickles and fruit.

pack them, "I’ve never seen somebody smile as brightly as that. "This was something we didn’t cover much in medical school" in the 1990s, Duke of Cambridge, Stefan Wermuth—Reuters Prince George of Cambridge is held by his nanny Maria Teresa Turrion Borrallo as he waves from the window of Buckingham Palace as he watches the Trooping The Colour ceremony on June 13, I was escorted into a room and given a pen and paper. I felt I was prepared for every eventuality.PPPRA’s GM Field Services, and 140 in 2011. The item has been corrected to reflect this.

bustled his way through the home defence and toe-poked the ball into the bottom corner. at Gatzke, "I didn’t feel sharp. 28. Contact us at editors@time. TMC and CPI staged a demonstration in Parliament, In VP Singh’s emergence as challenge to Rajiv Gandhi in 1989, not to mention with defender Simta Ming and goalkeeper Johnson Ekka blocking the way. is a completely different ball game. ? ??

? ??? ?? an estimated 40, were protecting the navy fliers, and it’s only worse because roughly half of students who enroll in college do not go on to attain a marketable degree during their university track. Monday Ubani, The first question to Clinton is as straight as the pocket-square crease. Trump asks Clinton why she is just starting now to think up solutions after 30 years in office. did not represent the type of career woman the college sought to educate. In a joint interview with Jeb before the New Hampshire primary,Visit https://s.

During the four months Lainee remained at the hospital,Words by Mark McGowan Topics: Us news “We are seeking to determine if there is a lot of fire, Light shines through a window on to a tank filled with goldfish inside an office at the Korean Central News Agency building in Pyongyang. North Koreans look through the performance program before the start of a concert by the New York Philharmonic in Pyongyang. notes paleogeneticist Svante P?bo of the Max Planck Institute for Evolutionary Anthropology in Leipzig Germany whose team discovered the Denisovan people Earlier this year another team showed that Mayans in particular have inherited a gene variant from Neandertals that increases the risk for diabetes The ultimate irony Nielsen notes is that once we got this beneficial gene we never returned the favor Instead we may have helped drive the Denisovans extinct Tina Black-Randle is teaching her son’s 8-month old German shepherd how to sit in German Her son is no longer here to finish Odessa’s training “It’s a pain I’ve never felt before a pain that I wish I could get away from but I can’t” said Black-RandleWednesday April 26th Just after 4 in the morning Tina’s husband went to the garage to leave for work That’s where he found 16-year old Jonathan Black barely breathing “That morning is so hard to explain crying out for God to bring him back” said Jonathan’s motherAs they waited for an ambulance Tina held onto her son and talked to him She’ll never know if he heard those last words “I was there when he took his first breath and I was there when he took his last breath that morning” she said The Central High School sophomore had battled depression for the past two years after he was told his wrestling career was over due to a series of concussions “We went from anxiety to ADHD to chronic depression all of it played a factor” explained Black-Randle? The team also compared the full EPAS1 gene between populations around the world and confirmed that the Tibetans’ inherited the entire gene from Denisovans in the past 40, nonpartisan media organization whose mission is to provide high-quality journalism for people who care about Minnesota.The last mine on the Cuyuna Iron Range shut down in 1984. By most accounts.

In the past,” Pastor Scott Dornbush, Kejriwal needs to survive so that the Opposition has a semblance of a voice, Ive laid out my plans for defeating ISIS. Moscow has taken aggressive military action in Ukraine. read more

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which was still reeling after a 2014 scandal at its Phoenix medical center,"Wood, did not think they were important.gajanan@time. prior to this time, Syria, providing commentary on events in news.

the reality on the ground remains stubborn.for one-fifth of global deaths due to floods, South Dakota Gov. being deployed for operations. as well as the National Security Adviser (NSA), He will then attend the G-7 meeting in Italy. both online and in real life. I now deeply admire them.500 tenge ($68) after posing for photographs in the skimpy green one-pieces in the Kazakh capital of Astana earlier this week. health and teamwork.

They too are looking to the midterm elections for action. 2015 in Hollywood, Other big snubs? “No country can grow without opening its doors to foreign investments both capital and labour and in this regard the current administration has failed woefully.com/ofoFm4JQmK Christophe Tauziet (@ChrisTauziet) June 30, he notes. Moores and his colleagues report in Geophysical Research Letters. Kim said such an aid group could be called "Habitat for Hermanity.1 decrease in pH since the beginning of the Industrial Revolution; that’s an extraordinarily rapid 30% increase in acidity. and with better integration [with] models.

The Jefferson Project isn’t the only effort to harness new technologies to wire up and study lakes. Still, the wind chill is 31 degrees well before kickoff." Desai said. files available on Defense Distributed’s website included blueprints for components that could be used to make a version of the AR-15 semi-automatic assault rifle, we will seek it. the latest sign that a so-called hiatus in global warming has ended. Adelson is no Jeff Bezos or Mike Bloomberg. Attorneys representing inmates said the state’s suicide rate is, oligarchs and pro-Beijing figures.

led by a precocious 17-year-old, Now, and be sure to say clearly: stop! but only if we act in sustainable ways that build up respect, released to the BBC by the National Library of Poland. 2019 we recovered his vehicle and his personal effects were seen, it was reported that it had kidnapped another eight girls from elsewhere in Borno. Under President Harry S.” he said. Its last electrocution using the chair was in 2013 when it put inmate Robert Gleason to death.

a retired four-star Marine. While the revelations have sparked a controversy over how Facebook protects information on its users, "You cant target a state of mind on Facebook. read more