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Amazon Prime Day 2019 The best deals

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Best DVRs for cord cutters

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first_img Mentioned Above Amazon Fire TV Recast Read CNET’s review Now playing: Watch this: Josh Goldman/CNET Though the Roamio OTA Vox is discontinued, you can still find it on sale. It’s not as fast as the Bolt but works in the same way. Try to get the lifetime option and you won’t have to pay ongoing fees. Read CNET’s review 38 The Tablo Quad is the latest version of the popular cord-cutting DVR and goes all-in on features. There’s room for an internal drive and the inclusion of four tuners should cater for even the most demanding users. It’s not the easiest device to setup though, and its device compatibility doesn’t live up to the same power-user expectations. AirTV: Best supplement for Sling TV Sarah Tew/CNET Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. $229 Types of OTA DVR: Set top vs. network streamer? Sarah Tew/CNET The are two main types of DVR: a traditional set top, which connects directly to a single TV via an HDMI output, or a network streamer, which connects to your home network and streams to your TVs (via streamer like a Roku or, in the case of Recast, Amazon Fire TV) and other devices (phones and tablets) in the home or on the go. The TiVo Bolt OTA is a traditional set-top (which also has in-home streaming) while the AirTV and Amazon Fire TV Recast are straight network streamers. A set-top is best for people who usually watch on one TV, while a network device is for people who want to watch on multiple devices — say a tablet, phone and a living room TV. In general a network streamer is the more flexible option, and can better complement live TV streaming apps or services like Netflix. Other features to look for Regardless of which style of DVR you choose, there are some features common to both that you should look for. Two or more HD tuners — When it comes to HD tuners, the more your device has the merrier. The bare minimum is two so you can record two channels at the same time, or watch one while you record another, but heavy antenna heads might appreciate even more. 1TB or more of storage — Depending on the device you have, a terabyte of storage space should offer about 150 hours of programs. But if you choose a device such as the TiVo which automatically records shows it “thinks you like,” you could run out very quickly. Which is why you also need… The ability to add extra storage via USB or SD card — An external hard drive is an excellent option, providing your DVR doesn’t need a proprietary model. Generally, a 1TB external hard drive is cheap at about 50 bucks. 02-amazon-fire-tv-recastA 14-day program guide is essential on a modern DVR. Sarah Tew/CNET 14 days of guide data — While seven days is really the minimum useful amount, two weeks gives you more flexibility. No ongoing fees — Most people cut the cord to save money, so paying yet another monthly fee doesn’t make a ton of sense. TiVo does offer a lifetime service option so you pay for the device and guide data upfront. DirecTV Now, Sling TV, YouTube TV, Hulu and more: Live TV channels compared: Here’s how the top 100 channels stack up.Amazon Fire TV Recast review: One of the best cord-cutter companions yet. See at TiVo Sarah Tew/CNET Is it a streamer or is it a DVR? While the Stream plus is not quite there yet, some upcoming improvements — the ability to watch a still-recording program from the start and a full 14-day guide — should make this little streaming box more attractive. Amazon Fire TV Recast: Best DVR for cord cutters 17 Photos Share your voice Review • Amazon Fire TV Recast review: One of the best cord-cutter companions yet See it The AirTV has its pluses, and it is the cheapest of the three, but it’s really designed to complement a Sling TV subscription by adding local channels. So that’s an extra $25 a month on top.When paired with a Sling TV subscription, the AirTV provides the local channels that the service lacks. While you can use it on its own without paying extra money per month, the Amazon Fire TV Recast offers a better overall experience. And you need to add an external hard drive (not included) to make the AirTV function as a true DVR. Read CNET’s review See at Amazon Amazon Fire TV Recast Read CNET’s review Channel Master Stream Plus See at Amazon See at Channel Master 2:14 Read CNET’s hands-on Read CNET’s review There are currently three standout products to consider when buying a cord cutting DVR: the Amazon Fire TV Recast, the AirTV and the TiVo Bolt OTA. Each has its own unique features and capabilities, but there’s one I’d recommend to beginners and old hands alike. Let’s dive in.Disclaimer: CNET may get a share of revenue from the sale of products featured on this page.My top three picks TiVo Bolt OTA: Best set-top DVR Dan Ackerman/CNET Comments Sarah Tew/CNET If you want a traditional set-top DVR, the TiVo Bolt OTA is your best option. While it’s pricier than the other products here (with service included), it also offers a ton of features including streaming apps, packaged with TiVo’s superb interface. While TiVo has the best name recognition of the three devices, the Bolt is not the “gotcha” you would expect from a company that basically invented the modern DVR. The Bolt relies a little too heavily on streaming apps and it’s twice as expensive — or more — than the other two.  See at Tablo Three more optionsNone of those top three appeal to you? I’ve also reviewed a trio of other OTA DVRs that I didn’t like as much. They still have appeal for certain users, however. If you live in an area with good access to TV broadcast channels, putting up an antenna is an easy and inexpensive (read: free) way to get the shows you want without paying for cable. And hooking a DVR to that antenna enables you to unlock the full potential of those broadcasts: saving them to watch later, skipping commercials and even, in some cases, streaming them to watch on multiple TVs or outside the home.The downside, of course, is that “free” turns into, well, not free, especially with DVRs that charge a monthly service fee. A bare-bones DVR like the Channel Master Stream Plus starts at about $150 while a TiVo with all the bells and whistles is about $500 after you pay the lifetime service fee. But compared to the cost of a live TV streaming services like DirecTV Now or YouTube TV, even the most expensive antenna DVR will pay for itself eventually. TiVo Roamio OTA Vox See at Amazon Preview • Amazon Fire TV Recast: The antenna DVR with Alexa starts at $230 10 old cables you should keep around (and 6 to toss) Cord Cutters (OTT) News • The Amazon Fire TV Recast DVR is back on sale for $190 TiVo Bolt OTA vs Amazon Fire TV Recast: which DVR should… Nuvyyo Tablo Quad: Best DVR for tweakers CNET may get a commission from retail offers. Tags The Amazon Fire TV Recast is my pick for most people looking to cut the cord.It’s not perfect — it really needs a Fire TV stick to work (and a Prime membership is also helpful) — but its combination of features and flexibility put it over the top. At $220-plus it’s not cheap, but at least it comes with an onboard hard drive. And there’s no monthly fee.While you’ll need a Fire TV Stick to watch on a TV, the lack of any ongoing fees makes the Recast very attractive. Amazon says it is also working to improve the visibility of live TV within its interface, which will make it even more easy to use. 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Dow SP close at record highs

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first_imgDow, S&P close at record highs1.8K viewsDow, S&P close at record highs1.8K views00:00 / 00:00- 00:00:0000:00Dow, S&P close at record highs1.8K viewsBusinessU.S. stocks marched higher on a relief rally. The deal to extend Greece’s bailout pushed the Dow and S&P 500 to close at all-time highs. The Nasdaq stretched its win streak into an eighth session asVentuno Web Player 4.50U.S. stocks marched higher on a relief rally. The deal to extend Greece’s bailout pushed the Dow and S&P 500 to close at all-time highs. The Nasdaq stretched its win streak into an eighth session aslast_img

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ONGC Videsh to raise 11 billion to fund stake purchase in Russian

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first_imgONGC Videsh Ltd (OVL) seeks to raise $500 million to $1.1 billion through issuance of dollar bonds to finance its equity purchase of Russian Vankor oilfield.A fully owned subsidiary of Oil and Natural Gas Corporation (ONGC), OVL acquired 15 percent of the oilfield for $1.26 billion and will reportedly use the proceeds from the bond to refinance bridge loans taken during the acquisition.Global rating agencies Moody’s and S&P assigned long term issue rating of Baa2 and BBB-, indicating OVL’s relatively low risk investment and capacity to meet debt obligation, respectively.Press Trust of India highlighted that both rating agencies were optimistic about OVL’s credentials. They said that the Indian state-owned ONGC, one of Asia’s largest oil exploration and production company, was robustly placed with consistent production, profitability and strong reserve positions. It added that the oil major “unconditionally and irrevocably guarantee the notes.”ONGC has restricted its guarantee amount to 109 percent of the principal amount of the bonds outstanding, said Vikas Halan, Moody’s Vice President and Senior Credit Officer to PTI. He added that the guarantee was adequate to secure the amounts due to bond holders.The news agency noted that ONGC was sitting on a pile of cash and cash equivalents of Rs. 25,800 crore with debt amounting to one third of it with one year maturity. It added the company’s balance sheet reflects other liquidity sources.last_img read more

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Good Friday break for equities forex commodities and bond markets

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first_imgIndia’s equity, commodities, forward contract, forex, and bond markets are closed on account of Good Holiday leading to a long weekend after a three-session week.IBT Media/ RaghavendraStock and commodity exchanges and forex and bond markets are closed on Friday for the second time this week, reducing the available trading sessions to just three. The market was closed for Mahavir Jayanti on Wednesday, sandwiching the week’s third trading day between two holidays.Stock markets in Hong Kong, Singapore, Australia, France, the UK, Germany, the US, Italy and Spain, among others, are shut on Good Friday marking an extended weekend. Japan, the only major market open for trading on Friday, saw its benchmark Nikkei 225 index rise 0.67 percent or 147 points, to 22,238 in early trade, responding to gains in US stocks the previous day. Overnight Wall Street trade saw the Dow Jones Industrial Average gain 0.4 percent, and the S&P500 advanced 0.2 percent while Nasdaq moves up 0.1 percent.India’s domestic commodity exchanges NCDEX and MCX are shut for both morning and evening sessions. The forex market is also closed on Friday, but the rupee gained 25 paise overnight to touch 69.35. The Indian rupee has finished the week 18 paise down. A pedestrian walks past a stock indicator board displaying share prices of the Tokyo Stock Exchange. Tokyo is the only major share market open on Friday while others are closed for Good Friday. Benchmark Nikkei rose 0.67 per cent in early trade, tracking overnight movement in US markets. (Representational image)BEHROUZ MEHRI/AFP/Getty ImagesThursday’s trading saw the benchmark BSE Sensex slip 135 points, or 0.34 percent, to 39,140 with 23 of the 30 constituents that make up the index ending in the red. NSE’s Nifty slipped to 11,753, down 34 points or 0.29 percent with 31 shares of the 50-scrip index weakening and 19 gainings. Sensex and Nifty are 0.96 percent and 0.94 percent, respectively, up for the week.The market will open on Monday after the weekend for a full five sessions of trade with Sensex and Nifty teetering on the brink of uncertain territory amid high volatility. NSE’s volatility index India VIX gained another 4.81 percent to close on Thursday at 22.73 points after opening the day at 21.69 points and coming off the intra-day high of 23.04. The high volatility is expected to continue as the general election 2019 is going on with 93 constituencies having gone to poll in the second round on Thursday. Market experts warn of continuing volatility, though the market has been bullish on the belief that Prime Minister Narendra Modi will return to power for a second term at the head of a Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government.last_img read more

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2018 to be the year of Khaleda people Fakhrul

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first_imgMirza Fakhrul Islam AlamgirThe Bangladesh Nationalist Party (BNP) secretary general, Mirza Fakhrul Islam Alamgir, said on Saturday his party is getting confident for various reasons about returning to power through the 11th parliamentary polls, reports UNB.”We’ll surely join the polls along with our chairperson Khaleda Zia… 2018 will be the year of Khaleda Zia, BNP, Tarique Rahman, and mass people as we’re with people,” he said.Speaking at a discussion, the BNP leader further said, “We’ve been on a movement, and will carry it on in the days to come, and will definitely establish a pro-people government in 2018. We’re getting hopeful for various reasons.”Jatiyatabadi Krishak Dal arranged the programme at the National Press Club, marking its 37th founding anniversary.Fakhrul said the government must arrange the next election under a non-party neutral administration to conduct it by an independent and impartial election commission with the participation of all parties. “The election will have to be fair and credible through which our leader Khaleda Zia will again be elected the prime minister.”He urged the BNP leaders and activists to strengthen their organisational activities alongside getting ready for a movement and the next general election.Referring to Gana Forum president Kamal Hossain’s recent remark that a national unity is crucial now to unseat the current ‘dangerous’ government, the BNP leader said, “We feel good that he could finally realised it as we’ve long been talking about it.”He said the country’s existence and its independence and sovereignty will be at stake if the ‘despotic and fascist’ government can’t be removed.”That’s why, we must forge a national unity to install a pro-people government.”Fakhrul said the government has destroyed all the institutions, including parliament, administration and judiciary, in a planned way only to hang onto power and turn the country into a failed state.He accused the government of deceiving people by creating a smokescreen of development and spreading false information.The BNP leader said the government has ruined the economy and the financial institutions, including banks through widespread plundering and corruption.”Corruption is now rampant in every sector and everywhere. We must change this situation and realise our rights through a movement.”last_img read more

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Jihads family compensated with Tk 2m

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first_imgFour-year-old JihadBangladesh Fire Service and Civil Defence and Bangladesh Railway on Sunday paid Tk 2 million as compensation to the family of Jihad, who tragically died after falling into an abandoned deep tube-well in Shahjahanpur area of the city on 26 December 2014.Jihad’s father confirmed that the two government entities each paid Tk 1 milion through check and pay-order as compensation to the family.Earlier, on 3 July the High Court summoned the Bangladesh Railway Director General to appear before it on 14 August and explain the failure to execute its earlier order to provide Tk 2 million as compensation to the family of Jihad.On 1 March, the High Court issued a contempt of court rule on three government officials for not implementing a court order to provide Tk 2 million as compensation to the family of Jihad.An HC bench of justice Md Ashfaqul Islam and justice KM Kamrul Kader asked Bangladesh Railway director general Md Amjad Hosain, fire service DG brigadier general Ali Ahmed Khan and its director major AKM Shakil Newaj to respond to the rule within two weeks.A legal notice was served to defendants on 22 January as they did not provide the compensation money to the family.Later, the contempt petition was filed as the defendants did not reply to the legal notice.On 18 February 2016, another HC bench comprising justice Farah Mahbub and justice Kazi M Ejarul Haque Akond asked the government to compensate Tk 2 million to the family members of the four-year-old victim, who met the premature end of his life inside a 600-foot abandoned shaft of a water pump at Shahjahanpur Railway Colony.Lawyer Md Abdul Halim filed a writ petition with the High Court on 28 December 2014 seeking its directives for providing Tk 3 million as compensation to Jihad’s family members.The body of Jihad was pulled out from the abandoned shaft 23 hours after he had slipped into it.last_img read more

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Law enforcement most corrupt sector TIB

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first_imgLogo of TIBThe law enforcement agencies have been ranked the top corrupt sector among other public service offices in the country.The Transparency International Bangladesh revealed this picture of the corruption in its household survey tiled ‘Corruption in Service Sector: National Household Survey 2017’The TIB said this at a press conference at the MIDAS Centre in the capital on Thursday.According to the study, law enforcement agencies are followed by the passport office while Bangladesh Roads Transport Authority (BRTA) is ranked third in the corruption index. As many as 89 per cent people believe that none can avail services without bribes, said the study which was conducted in the year of 2017.The estimated amount bribes in 2016-17 fiscal was Tk 106.89 billion, which is 0.5 per cent of the Gross Domestic Product (GDP) and 3.4 per cent of the annual national budget.last_img read more

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Trudeau urges Suu Kyi to end violence

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first_imgCanadian prime minister Justin Trudeau Wednesday urged Myanmar’s leader Aung San Suu Kyi to end the violence which has seen nearly 380,000 Rohingya Muslims flee to neighboring Bangladesh.During a phone call, Trudeau stressed Suu Kyi’s role as a “moral and political leader” for the nation, as he voiced his “deep concerns over the situation in Rakhine state for Rohingya Muslims,” his office said in a statement.According to human rights organizations, 379,000 Rohingya have fled Myanmar so far amid the army’s ongoing violent response to attacks by Rohingya militants in Rakhine state last month.Trudeau called upon Myanmar’s military and civilian leaders to “take a strong stand in ending the violence, promoting the protection of civilians and promoting unimpeded access for the UN and international humanitarian actors.”The UN has described the army’s violent crackdown as a “textbook example of ethnic cleansing”, and called for “immediate steps” to end the violence Wednesday.Suu Kyi, an honorary citizen of Canada and Nobel laureate, has been criticized for her ambiguous position on the Rohingya crisis.At a press conference late Wednesday, government spokesman Zaw Htay announced Suu Kyi will address citizens next week with a message of peace and national reconciliation.The Myanmar leader has cancelled a trip to New York to attend the United Nations General Assembly to tackle the crisis unfurling at home.last_img read more

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Families Opting Out Of STAAR Find Alternative School

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first_imgLaura IsenseeTeacher Sam Brower leads a class at an alternative learning environment for students who are not taking the state standardized exams this week. Brower said that his lesson tries to teach about discrimination through a Dr. Seuss book.This week thousands of Texas students are taking state standardized exams, called the STAAR. But in Houston about 80 kids have signed up to do something totally different.Tuesday morning, a bunch of them were playing with a swing outside a community center in North Houston. Third grader Lucia Zuniga explained the game.“We’re playing with the rope and whoever catches it gets to swing on it,” she said.This is not what she normally does at school. “This school is a school for no testing,” Lucia said.It’s called the Opt Out Academy. It’s a temporary, alternative school this week that the advocacy group Community Voices for Public Education organized for students who boycott state exams. The group estimates that as many as 500 families in Greater Houston have opted their child out of at least one standardized exam this year.Lucia’s mom Julia Kramp signed her up because she believes high stakes tests hurt her daughter’s education.“It takes away from the time that she could be learning,” Kramp said. “So they spend a lot of time every year doing practice exams, learning how to take the STAAR, learning how to bubble in correctly.”At this alternative school, Lucia loves having lots of recess. And her mom likes the creative lessons. In the first one Lucia learns about discrimination through a Dr. Seuss book.Kramp and other parents hope their boycott changes the way tests are used in school.“For us it’s about kind of changing a system that’s in place,” said Sam Brower, a parent and also a teacher at the alternative academy. “Because it’s not just the week of STAAR tests, but it’s all the test prep and all the practice exams and the mock exams that take place leading up to the STAAR. And then this week there’s the added stress, there’s the added pressure.”Results factor into teacher evaluations and, in certain grades, they may determine if a child moves on to the next level.But this year the Houston Independent School District approved a new policy saying students won’t be punished for not taking the STAAR. Listen To embed this piece of audio in your site, please use this code: 00:00 /01:35 X Sharelast_img read more

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Dishs Sling TV Adds Discovery Networks to Lineup While HBO and Univision

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first_imgStarting Wednesday (Nov. 28), Sling Blue now includes Discovery Channel, Investigation Discovery (ID) and TLC; the Sling Orange package includes ID and MotorTrend (formerly Velocity).Discovery’s American Heroes Channel and Destination America are now available in Heartland Extra add-on ($5 extra per month); Science Channel is now available in News Extra add-on (also $5 monthly). Discovery en Español and Discovery Familia are now available in Sling TV’s Best of Spanish TV lineup ($10/month standalone at or $5/month as an add-on).Discovery channels not available on Sling TV include Animal Planet, Discovery Family or Oprah Winfrey Network. Sling TV already included networks formerly from Scripps Networks, which is now part of Discovery; Sling Blue includes Food Network, HGTV and Travel Channel and Sling Orange includes HGTV and Travel Channel.“We are thrilled to add Discovery networks to Sling TV’s lineup as they bring highly requested channels that offer immersive programs for any age group,” Warren Schlichting, president of Sling TV, said in a statement.Current customers who subscribe to eligible Sling TV services and/or add-on package will automatically see the Discovery networks appear in their channel guide.For the third quarter of 2018, Dish posted its biggest quarterly net subscriber loss to date — sequentially dropping 367,000 satellite TV customers while gaining only 26,000 Sling TV subscribers. Dish president and CEO Erik Carlson told analysts that roughly half the Dish TV subscriber losses in Q3 were related to the dropping of Univision programming, which was pulled from the lineup on June 30.Dish chaiman Charlie Ergen, speaking on the company’s Nov. 7 earnings call, acknowledged that the loss of HBO will cause Dish and Sling TV to lose customers in Q4. He blasted AT&T as using HBO as an “economic weapon” to extract unreasonable economic terms from Dish. HBO CEO Richard Plepler called Ergen’s comments “a silly but transparent attempt on Dish’s behalf to muddy the waters for reasons only they can explain.”Sling TV offers programming from Disney/ESPN (in the Sling Orange bundle), Fox, NBC and NFL Network (in Sling Blue), as well as networks from partners including AMC, A+E Networks, Scripps, Turner, Viacom, GSN, Hallmark, Showtime, Starz and Epix. Sling raised the price of the Orange bundle from $20 to $25 per month this summer. Sling TV, Dish Network’s internet TV service, has added nine Discovery networks on its national and Spanish-language services, along with several thousand VOD titles.At the same time, Sling TV customers currently remain without access to Univision or HBO channels, amid ongoing contract disputes between Dish and the programmers. As of the end of September, Dish reported a total of 2.37 million Sling TV subscribers but the lack of Univision and HBO threatens to impede its near-term growth.With the launch of Discovery networks on Sling TV, pricing remains unchanged. The over-the-top service offers two plans — the single-stream Sling Orange, which includes Disney and ESPN networks; and the multistream Sling Blue, which includes NBC and Fox networks — priced at $25 per month each, or $40 per month when purchased together. Popular on Variety Pictured above: Discovery Channel’s Shark Week ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

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Apple Sued Over Alleged iTunes Privacy Violations

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first_img Massive iPhone Hack Compromised Thousands of Phones Related Popular on Variety Steven Spielberg’s Apple Event Appearance Was a Slap at Netflix (Analysis) As evidence for this claim, the lawsuit lists the existence of direct marketing lists that identify consumers as “iTunes and Pandora music purchasers.” However, there doesn’t seem to be any acknowledgement in the filing that data brokers could have gained access to that type of purchasing data through other means, including for instance third-party loyalty programs.The second claim made in the lawsuit could potentially be more explosive: Plaintiffs allege that the company has given developers of iOS apps access to a range of data about media stored on iPhones, iPads and iPods. This data includes songs and albums purchased from Apple’s iTunes store, according to the lawsuit.Combined with data consumers provide when they sign up for an app, developers could use this data to build out their own profiles on the music purchasing behavior of countless of consumers, the lawsuit alleges. Developers could then turn around and resell that type of data to data brokers, according to the lawsuit.The lawsuit’s allegations run counter to Apple’s official narrative, which has long been that the company is a lot more privacy-focused than its industry competitors. In fact, the lawsuit also includes a picture of an Apple billboard proclaiming that “what happens on your iPhone, stays on your iPhone.”However, the challenge for plaintiffs will be to prove that they actually were harmed by Apple’s alleged behavior. In the past, similar lawsuits against the company have been thrown out because plaintiffs and their lawyers ultimately couldn’t prove such harm. Apple has been sued by three consumers who allege that the company violated their privacy by sharing information about their music listening habits with third parties. The lawsuit, which was filed late last week in California, alleges that Apple has been selling this type of data directly, while also giving iOS app developers access to a treasure trove of related data.The plaintiffs, who live in Rhode Island and Michigan, are seeking class-action status for their lawsuit. If found guilty, Apple could be forced to pay damages to residents of the two states who had their music listening habits disclosed due to the company’s actions. Apple spokespeople didn’t immediately respond to a request for comment.One of the allegations is that Apple directly sold data about consumers who purchased music from the company to data brokers, who in turn have been connecting this type of data to other publicly available information and then reselling it to marketers. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

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Trinamool Congress leading in gram panchayat seats

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first_imgKolkata: The ruling Trinamool Congress today surged ahead in 1,800 gram panchayat seats while the BJP and the CPI(M) were leading in 100 and 30 gram panchayat seats respectively, as per initial trends available at 10 am, SEC officials said. The panchayat elections were held for 621 zilla parishads, 6,123 panchayat samitis and 31,802 gram panchayats in West Bengal on May 14. The counting of votes began at 8 am amid tight security, the State Election Commission officials said. Of the 48,650 seats in 3,358 gram panchayats, 16,814 were uncontested and of the 9,217 seats in 341 panchayat samitis, 3,059 were uncontested. In the 20 zilla parishads, 203 of the 825 seats were uncontested, the sources said.last_img

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Soon all Kisan Mandis to have machine to dry up moisture from

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first_imgKolkata: State Agriculture and Food and Supplies department have decided to install an advanced machine at all the Kisan Mandis run by the state government to dry up moisture in rice and remove the dust particles from the grains to save farmers from being hoodwinked by the rice mill owners.State Agriculture minister Asish Banerjee and Food and Supplies minister Jyotipriya Mallick will hold a high-level meeting with senior officials of their departments at Khadya Bhawan on January 10 to lay out a comprehensive strategy and roadmap to ensure that the paddy farmers get the price as fixed by the state government. Also Read – Rain batters Kolkata, cripples normal lifeIt has been alleged that the go-down owners or Arotdars often force the farmers to believe that huge amounts of moisture and dust particles are found in the grains. This happens only because there is no proper machine that can dry up the moisture and separate the dust from rice and other food grains. This practice often leads to a huge loss for the cultivators. Keeping this in view, the Agriculture and Food and Supplies departments have come up with an idea of installing machines at Kisan Mandis so that the farmers get proper price for their produce. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThe new machines will be installed at the Kisan Mandis where the farmers can separate the moisture of rice, isolate the dust from grains and get adequate price for their produce. The machine will also help them to weigh their produce before selling them. It may be mentioned that both the departments have started distributing cheques among the farmers in all the districts and there has been a huge response so far. Following the instructions of Chief Minister Mamata Banerjee, both the departments have already started a crackdown on the middlemen who have been causing difficulties in the procurement of paddy from the farmers. Banerjee expressed her concern over the middlemen menace during her recent meeting at Nabanna in December and issued necessary instructions in this regard. Both the Agriculture and Food and Supplies Department have started a massive crackdown on the middlemen in all the districts to iron out the earlier practice that had been prevailing in the state so far. The Chief Minister also reiterated the position of her government saying that they wanted to procure directly from the farmers thereby increasing the target of the overall paddy procurement in the state.last_img read more

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Norwaybased online TV specialist Vimond Media Sol

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first_imgNorway-based online TV specialist Vimond Media Solutions has announced that Nordic pay TV operator C More will extend its deployments of the Vimond streaming platform to deliver content to the recently-announced Filmnet online platform.Filmnet has launched with a new Silverlight player framework, built by Vimond. The player includes features such as an episode chooser, clip info, language chooser for viewing and subtitling, and a streaming-quality monitor.Filmnet is a distributor of C More Film and allows subscribers to watch as much programming as they want for a fixed monthly rate. Filmnet offers the C More Film package, which includes national and international content from movie studios and from Swedish TV4 and Svensk Filmindustri.A beta version of Filmnet for Mac and PC launched in Sweden on October 1. An iPad version is expected soon.As part of the Swedish TV4 Group, C More already uses Vimond to power its online Web TV services C More and C Sports.“Filmnet will enable us to offer films and TV series to a rapidly growing market, helping us to secure greater market share and giving our audience greater TV experiences,” said Jan Rizvi, head of IT development at TV4. “Together with Vimond Media Solutions, we are able to keep pace with end users’ expectations. Vimond’s advanced knowledge of how to use technologies such as Smooth Streaming, Flash HTTP, Dynamic Streaming, and HLS ensures great video quality.”last_img read more

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YourTV backed by former BBC chairman Michael Lyon

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first_imgYourTV, backed by former BBC chairman Michael Lyons among others, has secured UK regulator Ofcom’s licence to provide a local TV channel for the Manchester region.YourTV, which lost its bid to operate the licence for London, has also made a number of other local TV bids. The Manchester channel, which could begin broadcasting this year, is estimated to have the ability to reach one million homes in Manchester via the digital-terrestrial frequency it has been allocated.last_img

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first_imgSponsor Advertisement Could This Tiny Stock Be The “Next Subway”?Our friends over at Penny Stock Research just released a free report detailing 3 stocks that could rocket higher in 2012.Of particular interest is one restaurant stock that’s being called the “next Subway”.It’s trading at only 59 cents a share right now but could be significantly higher in the very near future!Click here to get the complimentary report… In the precious metals, JPMorgan and HSBC USA hold 99.9% of all the gold and silver derivative contracts held by U.S. banks.All was quiet in Far East trading during their Thursday trading session…and volume was almost nonexistent in both gold and silver.  But once London opened, a rally of sorts got under way in both metals…and JPMorgan et al had to throw a lot of paper at it to get it under control.Once they did, gold got sold down to it’s low of the day [around $1,630 spot] which was shortly before 1:00 p.m. local time in London…and half an hour before the Comex opened in New York.From that low, the gold price struggled higher, but at 9:00 a.m. in New York a more serious rally got under way…which got stopped in its tracks at the London p.m. gold fix a few minutes before 10:00 a.m. Eastern.  That proved to be the high tick of the day…which Kitco recorded as $1,655.20 spot.By the end of Comex trading at 1:30 p.m. in New York, the gold price had been sold off about fifteen bucks…but it rallied a hair going into the 5:15 p.m. close of electronic trading.Gold closed the Thursday trading day at $1,642.60 spot…up the magnificent sum of sixty cents.  Net volume was immense, up 45% from Wednesday at 147,000 contracts.Silver followed almost the same price path, although it appeared that the low price tick of the day [$31.26 spot] came about 8:40 a.m. in New York.The 9:00 a.m. rally in New York ended at the London p.m. gold fix…and at the precise moment that the silver price blasted through the $32 spot mark.  Kitco reported that high tick as $32.16 spot.  At that point an eager not-for-profit seller showed up and smacked the silver price down almost 50 cents in about half an hour.  Every subsequent rally attempt over the $32 spot mark met with the same fate…and from 12:30 p.m. Eastern time onwards, the silver price traded pretty flat.Silver closed at $31.80 spot…up 17 whole cents from Wednesday’s close.  One can only image how high it would have gone if ‘da boyz’ hadn’t shown up to do what they do best.  Net volume was up an astonishing 40% from the previous day at 37,000 contracts…and as I said earlier, it’s obvious that they had to throw a lot of paper at these metals to keep them under control.The dollar index didn’t do a lot until about 6:40 a.m. in London when it began to roll over…and by 9:40 a.m. BST the index was down about 25 basis points.  That was its low of the day…and from there it rallied until 7:30 a.m. in New York…and that proved to be the high of the day.It more or less held that high before heading south shortly after the Comex trading session began…and by 10:20 a.m. in New York it had bottomed out after dropping about 30 basis points.From there it recovered a bit going into the close…and closing at the same number it closed at every day this week…about 79.57.The dollar index was almost the inverse of what happened in gold and silver…which is what one would normally expect, with all other external factors being the same.  But it doesn’t explain why ‘da boyz’ had to throw so much paper at it in London and New York when the dollar index was heading south.  It’s obvious, at least to me, that the precious metals prices were going to ‘overreact’ to the upside to these down-side moves in the dollar…and that was obviously a no-no.The gold stocks pretty much followed the gold price action, but could not hold their early gains…and they declined until 12:30 p.m…which was the end of the New York sell-off in the gold price after the high at the London p.m. gold fix.  The HUI traded sideways from there…finishing down a smallish 0.13%.The silver stocks finished mixed to down…but Nick Laird’s Silver Sentiment Index managed to eke out a miniscule gain of 0.17%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 48 gold and 35 silver contracts were posted for delivery on Monday…and the Bank of Nova Scotia and JPMorgan were the long/stoppers of note on both metals.  The link to that action is here.There were no reported changes in GLD yesterday…but over at SLV, an authorized participant withdrew 1,456,278 troy ounces of silver…which came within a 105 ounces of the exact amount that an authorized participant deposited on Monday.  Go figure!  Since the silver price has traded virtually sideways all week, I would assume that this silver was moved because it was needed more urgently elsewhere.There was no sales report from the U.S. Mint.The Comex-approved depositories reported receiving 328,996 troy ounces of silver on Wednesday…and also shipped 351,095 ounces of the stuff out the door as well.  The link to that action is here.Before getting into the stories for today, here are three graphs that were sent my way by Washington state reader S.A. yesterday.The first one is headlined “Federal Surplus or Deficit“…and it goes back a hundred years or so.  You can see where the wheels started falling off when Nixon yanked the U.S. off the gold standard in 1971.(Click on image to enlarge)The next two charts show the ratio of the gold price vs. the euro and the yen over the last three years.(Click on image to enlarge)(Click on image to enlarge)Later yesterday evening, Nick Laird added to the list of graphs with this one…along with the following comments…“Just noticed these numbers and thought I’d plot them up.“They show the new depository for JPM and their silver holdings. And amongst all the depositories it stands out loud – 10 million ounces [added] in a month.“One can only presume that they are stocking this silver on behalf of their clients. But then that might be wrong….”(Click on image to enlarge)Nick’s timing on this graph is perfect, because I mentioned in my Thursday column that JPMorgan’s silver stash in its Comex-approved depository had just passed the 13 million troy ounce mark…and more was added on Thursday as well.  What I wasn’t aware of, was how fast it was being added during the last thirty days.  I’m impressed.I have the usual number of stories today…and I hope you find something of interest in the ones I’ve selected.All treaties between great states cease to be binding when they come in conflict with the struggle for existence. – Otto von BismarckWell, there’s nothing that happened in yesterday’s gold and silver price action that we haven’t seen before…and with increasing frequency.  As I’ve said many times since the drive-by shooting of May 1, 2011…they aren’t even trying to hide their actions anymore.  It’s all ‘in your face’ virtually all the time, now.I have a couple of more things from Nick Laird to lay on you in this column.  The Office of the Comptroller of the Currency just issued their derivatives report for the second half of 2011.  The table of numbers below shows the total derivatives…plus the precious metals derivatives contracts held by the five biggest U.S. commercial banks.  The ‘click to enlarge’ feature is a must for this chart.(Click on image to enlarge)The highlights [or should they be called lowlights?] shows that the top five commercial banks in the U.S. hold over 95% of all the derivatives in the U.S. banking system.In the precious metals, JPMorgan and HSBC USA hold 99.9% of all the gold and silver derivative contracts held by U.S. banks.  JPMorgan hold 71% of all gold derivatives…and 66% of all silver derivative contracts.  HSBC USA holds the rest…and Citigroup’s and Bank of America’s positions are immaterial.Here’s Nick’s pie chart that shows that visually.(Click on image to enlarge)It’s obvious that JPMorgan and HSBC USA run the precious metal show…and I’m curious to know who the ‘et al’ are when I talk about them in the same breath as JPMorgan.  Whoever they are, they aren’t commercial banks…and if they are, they aren’t American commercial banks.As I mentioned in this space yesterday, we get both the Commitment of Traders Report…and the March gold data from The Central Bank of the Russian Federation, today.As has been the case lately, there wasn’t much action in Far East trading…and now that London has been open for a bit over an hour, there isn’t much action there, either.  The volume numbers are shockingly low as of 4:03 a.m. Eastern time.  Net gold volume is a hair under 10,000 contracts…and silver’s net volume is under 1,800 contracts.  The dollar index is down a hair.Of course ‘da boyz’ didn’t have to contend with another surprise rally similar to the one that greeted them at the London open on Thursday morning, but having said that, both precious metals are trading on vapours at the moment.Well, just over an hour has passed since I wrote those two previous paragraphs…and a small rally did materialize in London during that period.  It certainly wasn’t much…maybe five dollars in gold…and about two bits in silver.  But net volume jumped over 45 percent in less than an hour in both metals, so it’s obvious that JPMorgan et al aren’t letting anything get past them, no matter how small.We’ll see how things turn out in Comex trading today…which is Friday.  But if yesterday’s price action…and now this morning’s price action in London…is any indication, it doesn’t look promising…but you just never know.That’s it for another day.  I hope you have a great weekend…and I’ll see you here on Saturday sometime.last_img read more

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Gold Producers GDX 2801 2403 49

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first_img Gold Producers (GDX) 28.01 24.03 49.13 Louis James Senior Metals Investment Strategist Casey Research Gold 1,388.80 1,282.60 1,703.20 TSX (Toronto Stock Exchange) 12,820.92 12,469.32 12,139.73 TSX Venture 954.92 912.83 1,258.30 One Year Ago Rock & Stock Stats Last Silver Stocks (SIL) 15.29 12.12 22.23center_img One Month Ago Oil 110.53 105.30 95.53 Dear Reader, We’ve written recently—and many times before—about the foolishness of trying to time a market. In hindsight, however, market peaks and troughs become increasingly obvious. In a recent conversation with Doug Casey, he told me that the general uptrend in gold since June is evidence that the general downtrend since September 2011 has ended. While Doug is not omniscient, I’ve seen him when his speculator’s instinct kicks in—and over the years its accuracy has been nothing short of astounding. It seems that instinct is now telling him that gold and gold stocks have bottomed. Of course, if the Fed announces a tapering of its money printing this month, that would likely whack gold again. Depending on how drastic the language of the Fed announcement is, we could see a renewed sense of panic among gold investors, and the actual bottom for this correction could be just ahead of us rather than just behind us. Either way, prices are already low. Ben Bernanke said he would only turn down the government’s printing presses if employment figures improved substantially. Since those remain rather weak, there may not be any tapering announcement at all this month, and if there is, it will likely be marginal—a toe in the water. It’s also worth pointing out that if Doug is right about the US economy finally exiting the eye of the storm, there will likely come a “moment of truth” when people realize that the inevitable has become imminent and every asset class across the board gets hit, including gold. That downturn will be enduring for many assets—permanent for some, but very short-lived for gold. It may turn out to be the last great buying opportunity in this gold bull market, but it could well happen at prices much higher than today’s, so we don’t intend to keep our money on the sidelines waiting for it. In other words: yes; we are buyers today. Our article below describes the sort of opportunities we are seizing today. It is, I freely admit, something of a sales pitch for the Casey International Speculator—but if Doug is right about the gold market having bottomed, there’s never been a better time to subscribe and find out what he himself is buying. Sincerely, Copper 3.23 3.17 3.52 Gold Junior Stocks (GDXJ) 47.42 37.12 91.12 Silver 23.84 19.52 32.62last_img read more

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The new book titled GIRLBOSS by Sophia Amoruso—re

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first_imgThe new book titled #GIRLBOSS by Sophia Amoruso—reformed petty thief and CEO of a $100 million online clothing store—is the latest “live and work as I do if you want to succeed” book from a string of brand-building female executives. Facebook COO Sheryl Sandberg has women “leaning in,” while Arianna Huffington’s sleep crusade marches on in her latest book, Thrive. Now, I should confess that I haven’t actually read any of these books; one of my team members gave me the recap. However, I have had another female executive on my mind: Ms. C. Ms. C heads up a certain real estate investment trust (REIT)—I’ll call it “Company V”—which Money Forever chief analyst Andrey Dashkov and I featured in the latest edition of Money Forever. So while she might not have a cult following or million-dollar book deal, she’s our gal—and for good reason: As Company V’s CEO for the last 15 years, Ms. C has boosted its market capitalization from $200 million to $19 billion. Under her leadership, Company V’s compound annual total shareholder return topped 28% for 14 years running, and it was named one of the top performing, publicly traded financial companies during the first decade of this century. As Andrey puts it, Ms. C has molded Company V into a “rock-solid business with an investment-grade credit rating, robust balance sheet, and reliable dividend history.” On top of that, Ms. C has received countless accolades from the Wall Street Journal, the Financial Times, and a parade of other institutions. Plus, she practiced real estate, corporate and finance law, and sits on the Board of Trustees for the University of Chicago. When asked about her professional achievements in an interview with the Chicago Tribune, Ms. C attributed her drive to her working-class Pittsburg upbringing. As the daughter of immigrant parents—a mailman and housewife—Ms. C said, “[T]here was always so much more for me to aspire to: in terms of education, in terms of seeing the world, in terms of working hard and achieving things. And so that drive comes from the kind of upbringing that I had.” After announcing she wanted to be a lawyer, Ms. C’s father took her to watch a trial headed by one of the few lawyers he knew, a criminal defense lawyer whose son later became her husband. Ms. C praised her Italian father in the Chicago Tribune article, saying, “It was very unusual in that time, in that socioeconomic environment, very working-class and ethnic, that he would be what I would call a feminist. He would never call it that, but he was so supportive of my sister and me, and that was really rare.” Sounds like my kind of dad. OK, you get the point: this is an up-by-her-bootstraps, highly qualified CEO who puts shareholders first—a woman I imagine my wife and daughters would be happy to know.Profiting from an Aging Population People age 65 and over are expected to make up 19% of the US population by 2030—up from 12.4% in 2000. And it’s no secret that this demographic will demand more and more access to health care. Company V is tapping into this expanding need: It operates healthcare-related facilities, including hospitals, skilled nursing facilities, senior housing, and medical office buildings at over 1,500 properties in the US, Canada, and the United Kingdom. Let me back up, though, and review REITs in general. Publicly traded REITs, which are traded just like any other stock, allow people like you and me to invest in large-scale, income-producing real estate without the headache of actually holding illiquid physical property. To be considered a REIT, 75% of a corporation’s income must come from real estate in some form or another. Company V’s portfolio, for example, includes medical office building operations, senior living operations, and triple-net lease operations, whereby tenants cover taxes, insurance payments, maintenance, and repairs in addition to the rent. Ms. C has a proven track record over of managing these holdings profitably over the last 15 years. A word of caution is also in order here: not all REITs are investment worthy. Their profits depend on managing their properties well and keeping costs under control. Andrey and I culled a long list before landing on Company V. If you are considering buying in to a REIT, you should research it thoroughly as well.The Rule of 90 One happy quirk of REITs is that they are required to distribute at least 90% of the taxable income to shareholders each year via dividends. On the flip side, they can also deduct these payouts from their corporate-level taxes. We’re happy to report that Company V has a stellar dividend history: 9% compound annual dividend growth over the past 14 years. Andrey put together the chart below to show its dividend growth since 2Q11. Now, you’re probably wondering why I don’t just come out with it. Who is Ms. C and what is Company V? And of course I’m chomping at the bit to tell you, but that wouldn’t be fair to the thousands of folks who subscribe to our monthly newsletter. So we have a seamless way for you to count yourself among them without any risk to your pocketbook whatsoever. Sign up for a 3-month trial subscription and read Andrey’s in-depth write-up on Company V. You’ll get immediate access to our complete portfolio, our full library of special reports, and all of our back issues. Read through the material, and if our breed of high-yield-meets-low-risk investing isn’t for you, just call or write within 90 days, and we’ll return every penny you paid. What’s more, if you change your mind after 90 days we’ll prorate your refund, no questions asked. In other words, we couldn’t make it any easier. Click here to subscribe to Money Forever now.On the Lighter Side Congratulations to Germany on winning the World Cup. As Jo and I walked into a sports bar for dinner, the closing ceremonies were playing on several of the television sets. What an exciting ending! Those have to be some of the best-conditioned athletes on the planet. Wow! And finally… A couple cute of sayings about aging: I was always taught to respect my elders, but it keeps getting harder to find one. Aspire to inspire before you expire. Until next week…last_img read more

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In This Issue   Jobless claims at 8 year low

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first_imgIn This Issue. *  Jobless claims at 8 year low *  New home sales plummet *  Dollar up across the board *  Kiwi got crushed And Now. Today’s A Pfennig For Your Thoughts. In a holding pattern until next week. Good Day. And welcome to Friday morning. The weekend is nearly upon us and it couldn’t have gotten here fast enough. We were having issues with the server yesterday so I apologize if the Pfennig arrived late or if you received a duplicate copy. Aaron yelled over to me yesterday morning and said the title of the Pfennig was very appropriate since he got it twice. Anyway, the headlines were rather plentiful, so let’s jump right in. We had an active day not only in the currency market but we also had a decent load of data to pick through as well. The print which really got things moving was the weekly jobless claims. The expected result among many economists was for a slight rise to 307k from the previously reported figure of 302k, so it was largely being brushed off as a snoozer. Well, things didn’t go exactly as planned. Instead, the number of Americans filing new claims for unemployment benefits fell to 284k, which was the lowest level since Feb 2006. The less volatile four week average fell to 302k, which was the lowest since May 2007, from the previous reading of 309,250. There was also improvement in continuing claims as we them fall to a seven year low of 2.5 million. News of these improvements really woke up those in the interest rates are going higher soon that we think camp. Anyway, the Labor Department said there was nothing unusual or special factors influencing the data, but indicated jobless claims then to be volatile around this time of the year due to automakers retooling plants which often requires a shut down. With that being said, a few analysts are pointing to the red hot auto industry as the reason we saw such improvement and ultimately lends itself to the question as to whether this will be a temporary thing. Just to give you an idea, the states of Michigan and Ohio were among those who experienced the largest decrease in claims. Given that coincidence, some think this report actually gives more credence to manufacturing than the labor market. July is typically an off month for auto manufacturing since many plants shut down for at least a couple weeks to re-tool for the new models. It doesn’t look like that is happening this summer since demand has been crazy, which may have contributed to this anomaly. I don’t want to discount the fact that this is a big positive for the labor market, but I think a more pragmatic approach is still needed before we start saying employment is officially in the clear and out of the woods. On the flip side, we had June new home sales show quite a bit of disappointment. First, let me set this up for you. The initial expectations were calling for sales to come in at annual pace of 475k. Instead, new home sales fell 8.1% in June to 406k and marked the biggest decline since June 2013. More disturbing, though, was the downward revision to May’s number. If you recall, the original numbers from May were very good and had many crowing about the housing market. At the end of the day, the May reading saw the largest ever downward revision as sales were reduced from 504k down to 442k, which was over a 12% revision. The next logical question is why the large correction. Sales of new homes are counted when the purchase contract is signed, so what’s happening between contract signing and actual closing. I wasn’t able to come across any explanations, but I’m sure financing, or a breakdown thereof, would be a central candidate. New homes only account for about 7.5% of the housing market so it’s a fairly small piece of the pie but disturbing news in what has otherwise been a bright spot. In other news, the KC Fed manufacturing report came in better and falls in line with many of the other regional reports showing expansion. In other manufacturing numbers, we also had the Markit Economics preliminary index of US manufacturing moderate a bit in July from the four year high in June, but still showing a decent trend of expansion. Speaking of the Markit reports and a nice segue into currencies, Chuck had this to share with us: “Don’t know if you saw this, but HSBC/ Markit published their version of Chinese manufacturing Index (PMI) on Thursday afternoon, and showed that the index has risen to 52. A 51 was the estimate, and the previous month’s index number was 50.7.. So, all in all , it’s just another brick in the Wall.   Remember it was me that told you not to listen to all those that said China’s economy would have already collapsed by now, and that I believed the economy had troughed in the 2nd QTR.  So, given that, I take this time to slap myself on the back, and move on to other things. The Chinese renminbi/ yuan did react favorably to the news, and that was a good thing. Fundamentals have left the market, as everything is Central Bank driven these days, but for once, a fundamental moved a currency! YAHOO!  Now. back to our regularly scheduled programming, and here’s Mike!” Thanks Chuck. Seeing that Chinese manufacturing index at an 18 month high was good news for the global economy. The dollar buying bias has remained with us all day long, albeit muted against all currencies except for the New Zealand dollar. The euro was down in early trading after we saw all of the US data, but recovered nicely and ended the day right where it began. We definitely saw more volatility in the markets yesterday as the euro had a range of 50 basis points between the high and low, but trading was still on the flatter side. Chuck sent more thoughts my way, so here’s what he had to say: “I received some info from a chart guru, and well known analyst, who used to be with RBC, TJ Marta, yesterday. and his charts tell him that the euro is showing signs of bottoming, with momentum oversold, and RSI (relative strength index) up from low since May. He thinks the short term move could be 1 to 1.8%…  the same kind of stuff holds true for the New Zealand dollar / kiwi, so there you have the view from the charts guru.  Long time readers know that I’m not sold on charts, but do believe that they can help explain moves.  So, here’s to the charts on these two currencies!” Its Mike again. Speaking of the New Zealand dollar, it just couldn’t pick itself up off the mat after getting caught with a right hook square in the jaw. As I mentioned yesterday, the central bank went very dovish on us so the kiwi finished up in last place with a 1.5% loss. Just to give you an idea, the second to worst currency was the Aussie with a loss of 35 basis points. The straw that stirred the drink were the several references made as to how high the kiwi is right now. Comments such as unjustified strength of the currency and unsustainable used as descriptions for the currency pretty much did it in. Concern about the strength of the kiwi is nothing new as it seems like policy makers take every opportunity they can to jawbone the currency lower, but this time, they got the desired kneejerk reaction. With that said, the kiwi has strengthened its case as a destination for carry trade funds so we could see a pattern of buying on dips emerge. As I hit on earlier, the Aussie came in second place from the bottom but that was mainly due to sympathy pains to the kiwi. Not only that, a 30 something basis point loss isn’t exactly horrible. Inflation came in higher than expected so that has traders backing away from any rate calls in Australia. At the end of the day, we were back to the view interest rates in the US will be heading upward sooner than the general consensus. I think its safe to say that interest rates will go higher in the US before the Eurozone or Japan, but we’re still a long way off before that’s even a twinkly in the eye for Janet Yellen. Anyway, we also had July manufacturing surprise on the upside in the Eurozone but retail sales in the UK were lower than initial estimates. I think a lot of the hesitation in the markets this week has to do with what’s on tap next week for US data. We have some heavy hitting info such as second quarter GDP, a Fed meeting, and the July jobs number. I don’t think too many want to be heavily weighted on one side or the other heading into next week. As I came in this morning, it looks as though the market has already closed up shop for the weekend. The New Zealand dollar is still dealing with the hangover associated with central bank, but its only down 30 basis points so far this morning. A gauge of German business confidence came in a bit lower than expected as it fell to 108 from 109.7 in June, which was the third consecutive decline. The Ifo index still remains relatively healthy but higher geopolitical tensions and questions about Eurozone growth. Gold prices took a hit yesterday but still remains below $1,300 so far this morning as the better economic data from the US, and abroad for that matter, trumped all and had traders reducing safe haven exposure. As we wrap it up, the dollar is moving in an upward trajectory heading into next week. To recap. The weekly jobless claims fell to the lowest level since Feb 2006, but is this for real. Some have doubts as to whether this can be sustained. New home sales were a major disappointment not only on the current number but the previous month’s reading saw a record setting downward revision. Manufacturing in the US, as well as globally for that matter, has shown sign of improvement. The New Zealand dollar just couldn’t get back into the ring after the central bank’s knockout punch, in the way of dovish comments, following the meeting. Next week could see an increase in volatility with all of the US data. Currencies today 7/25/14. American Style: A$ .9403, kiwi .8550, C$ .9297, euro 1.3445, sterling 1.6981, Swiss $1.1068 . European Style: rand 10.5294, krone 6.1984, SEK 6.8147, forint 229.18, zloty 3.0811, koruna 20.412, RUB 35.0725, yen 101.90, sing 1.2405, HKD 7.75, INR 60.0750, China 6.1597, pesos 12.9624, BRL 2.2202, Dollar Index 80.942, Oil $101.97, 10-year 2.51%, Silver $20.41, Platinum $1,472.50, Palladium $872.20, and Gold. $1,295.75 That’s it for today. Well, we made it through another one and its tough to fathom next week will take us into the month of August. Today is the first day of training camp for my St. Louis Rams so just another reminder summer is slipping away. Again, I want to apologize for any inconveniences about receiving two Pfennigs yesterday, but this does it for me as Chris takes over on Monday and I believe Chuck is back in the saddle on Tuesday. I’ll get out of your hair and let you enjoy the weekend, so until next time, Have a Great Day! Mike Meyer Assistant Vice President EverBank World Marketslast_img read more

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