For a change, overnight activity in the Far East in both gold and silver showed some real signs of life.It was a very slow day in the gold world on Wednesday…and most of gold’s price movements, such as they were, were most likely currency related. Gold closed at $1,693.40 spot…down $2.80 from Tuesday. Volume, most of it of the high-frequency trading variety, was decent at around 113,000 contracts.Silver’s price pattern was similar…and the price briefly dipped below $32.00 spot before recovering as the dollar index headed south. Silver closed at $32.70 spot…down 9 cents on the day. Net volume was average…whatever that means these days…at around 33,000 contracts.All the ‘action’ yesterday was in the dollar index. It opened at 81.34 at 6:00 p.m. in New York on Tuesday night…and by 9:30 a.m. in London the next day, it had hit its zenith at around 81.65. From there it went into a decline that bottomed out at 81.14 shortly after 11:00 a.m. in New York. It recovered a hair from that low…closing at 81.20…down a whole 14 basis points when all was said and done.Both the gold and silver charts show this currency move pretty clearly.The gold stocks started in the red, but finally got into positive territory…and then mostly stayed there for the rest of the trading day. The HUI closed up 0.45%.The silver equities were mixed yesterday…and gave back a bit of their Monday and Tuesday gains, as Nick Laird’s Silver Sentiment Index closed down 0.45%.(Click on image to enlarge)For a change, the CME’s Daily Delivery Report was much more interesting. They reported that 16 gold and 485 silver contracts were posted for delivery within the Comex-approved depositories on Friday. Jefferies was the short/issuer de jour, posting 476 contracts…and it should come as no surprise to anyone that the big long/stopper was JPMorgan…with 253 contracts in its client account and 186 contracts in its proprietary [in house] account. The Issuers and Stoppers Report is definitely worth checking out…and the link is here.There were no reported changes in GLD yesterday…but after a big withdrawal from SLV on Tuesday, there was an even bigger addition on Wednesday, as an authorized participant[s] added 2,934,108 troy ounces.The U.S. Mint had another smallish sales report yesterday. They sold 4,500 ounces of gold eagles…and another 125,000 silver eagles.It was another very busy day over at the Comex-approved depositories on Tuesday. They reported receiving 602,812 troy ounces of silver…and shipped 1,558,280 troy ounces out the door.While on the subject of the Comex-approved depositories, I noticed something different about the CME’s web page when I clicked on it early yesterday evening…but I didn’t investigate any further. It took an e-mail from Nick Laird very late last night that pointed out the difference. There’s a new depository added to the list. It’s called CNT Depository…and a Google search revealed this.I’ll be very interested in seeing how they fit into the grand scheme of things…and just how much metal they accumulate on behalf of their clientele. According to Nick, they reported receiving 631,389 troy ounces on Tuesday…the first day they showed up as a depository.In the same e-mail, Nick sent along this chart entitled “Comex Depository Warehouse Silver Stocks” that goes back about 41 years…and here it is.(Click on image to enlarge)I have the usual number of stories today…and I hope you have time to read the ones that interest you the most.It was a nothing sort of day in the precious metal markets yesterday…another day off the calendar as Ted Butler would say…so I’ll just move along to other things.Tomorrow we get the latest Commitment of Traders Report…and as you are already aware, I’m more than interested in what’s in it.For a change, overnight activity in the Far East in both gold and silver showed some real signs of life. After rallying a bit in early morning trading, a more substantial rally began around 2:30 p.m. Hong Kong time…and is continuing into early London trading as well. The rally in silver is even more impressive.However, the volume in gold is getting way up there…35,000 contracts. And silver’s volume is already an eye-watering 12,300 contracts as I hit the ‘send’ button at 5:13 a.m. Eastern time. The dollar index is comatose.These are not short covering rallies by any stretch of the imagination, but new long positions being established and, without doubt, it’s JPMorgan et al going short against all comers. Unfortunately none of this data will be in tomorrow’s COT report. We’ll have to wait until next Friday…and in the current environment, that’s a lifetime away.It remains to be seen whether these rallies continue in London…or get stepped on before New York opens, as the similar rallies that developed in both platinum and palladium earlier today, have already met that fate.Here are the current gold and silver charts as of 4:53 a.m. Eastern time. Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany.Company highlights:Alvalade Project JV with Antofagasta Minerals SA – Copper and Zinc on 1000 km2 project area in the Portuguese Pyrite Belt – 2012 exploration budget of US$ 2.5 million, all provided by Antofagasta, including 6000 meters of core drillingGold exploration in the Erzgebirge Mining District, Germany – 307 km2 exploration license in 1000+ year producing region of tin, tungsten, silver, base metals, and uranium – Increasingly favorable permitting and mining regulations, long mining culture, widespread known gold panning locationsCovas Tungsten JV with Blackheath Resources Inc. – 922,900 mt @ 0.78% WO3 (non NI 43-101 compliant) historic resource – Potential to increase the tungsten resource – New gold target on the projectStrong management including Paul Kuhn, CEO, previously involved with several discoveries around the world, and Mark T. Brown, Director, founder of Rare Element Resources Ltd.Low risk exploration strategyShare structure and cash on hand (12/31/2011):16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted40% of shares held by insiders, family, friends, and long-term investorsApprox. C$ 500,000 cash on hand (consolidated Canada and Europe)Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012.Please visit our website for more information. Sponsor Advertisement Considering the start to the Thursday trading session in both the Far East and London…it could be a wild one in New York today…and I’m looking forward to the 8:20 a.m. Eastern time Comex open with more than the usual amount of interest.Before hitting the ‘send’ button on today’s column, I want to bring this Casey Research offer to your attention ONE LAST TIME…as you’ve only got THREE DAYS LEFT TO ACT. As you probably already know, the September 7th Casey Research/Sprott Inc. Summit: Navigating the Politicized Economy, will be held in Carlsbad, CA. If you’re not registered to attend, you may want to purchase the complete audio collection (available in a 20-CD set and/or MP3 downloads) to listen to at home.The faculty presenting includes David Walker, former US Comptroller General, Dr. Lacy Hunt, former Senior Economist, Dallas Fed; Executive VP, HIMCO, Don Coxe, Global Strategy Advisor, BMO Financial Group, David Webb, hedge fund phenomenon, Origin Investments, AB, Dr. Thomas M. Barnett, former Senior Advisor, Office of the Secretary of Defense, G. Edward Griffin, author, The Creature from Jekyll Island, Bob Hoye, Chief Financial Strategist, Institutional Advisors, Peter Schweizer, Hoover Institute, author of Throw Them All Out, Doug Casey, contrarian speculator, Eric Sprott, Chairman, Sprott Asset Management, and 18 other financial luminaries.These are top-drawer speakers…and the ladies at Casey Research in Stowe, Vermont are telling me if you order before the summit ends on September 9th, you’ll save $100. To learn more about the 28 financial experts and what they are presenting, please click here…and it doesn’t cost a dime to look!See you on Friday…Saturday west of the International Date Line.
Emission systems. Demand for platinum in autocatalysts dropped by 1% in 2012, mostly due to lower vehicle production in Europe and lower market share of diesel engines. However, emission-system demand from Japan and India is expected to increase, and diesel-emission controls recently introduced in Beijing will also support industrial demand for both metals. Auto sales in China rose a whopping 19.5% in the first two months of the year and are 6.5% higher in the US than a year ago. Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it’s their industrial use that is the primary price driver for both platinum and palladium – and that use is undergoing a fundamental shift. The largest source of demand for platinum and palladium is the automotive industry, for use in autocatalysts. In turn, the fortunes of the auto industry are sensitive to the health of the world’s major economies. We’ve been bearish on platinum-group metals for years, primarily because we weren’t convinced a healthy – much less roaring – world economy could be sustained when so many governments continue spending beyond their means. We reconsidered the market last year, when strikes in South Africa – home to 75% of global platinum production and 95% of known reserves – threatened supplies. But as we wrote last December, the strikes ended without great impact on long-term supply. Since then, however, the fundamentals of this market have changed. Others may disagree with our economic outlook, which is still bearish, but it’s due to supply issues – not demand – that our interest is now drawn to these metals, and particularly to palladium. Here’s a look at global supply against auto-industry demand for both metals. Demand. Autocatalytic demand rose by 7% in 2012, as palladium can be easily substituted for platinum in emission-control systems for gas-powered motors (but not diesel-powered ones), such as are favored in China and India. In fact, several experts we consulted were more bullish on palladium than platinum due to this “substitution factor” – and China just mandated catalytic systems for all cars in the country. Palladium investment demand was positive last year, though palladium jewelry has yet to gain traction in China, one of the world’s biggest jewelry markets. Total jewelry demand for palladium was 11% lower in 2012. However, we expect a greater shift to palladium in the expanding Asian automotive market, which in turn will boost palladium prices. The fundamental drivers of the palladium market are similar to those for platinum, which makes the palladium market an equally attractive investment. If this all weren’t bad enough, most companies’ production costs are now above current platinum and palladium prices. This can only be solved one way: higher metals prices. Bottom Line The supply disruptions in South Africa combined with secondary factors have led to deficits in both metals that won’t be erased overnight. Such imbalances, together with mainstream expectations of global economic growth, create a favorable environment for PGM price appreciation. This much seems like a safe bet. There is, however, a great deal of speculative upside in the not-inconceivable case of South Africa going off the rails in a major way. Massive – not marginal – supply disruptions in the world’s main source of both metals would send their prices through the roof. You get this speculative potential “for free” when you bet on the more conservative projections that call for rising prices regardless. While we wait for our gold positions to rebound, an investment in platinum and palladium could be very profitable. How to invest? You can learn which company is our #1 pick for this space with a risk-free trial subscription to BIG GOLD. Note: our longer-term outlook remains in place: most G7 economies are not fundamentally sound and continue to print money. Gold is still our priority asset class, so we don’t recommend that investors replace their gold holdings with platinum and palladium investment vehicles. This PGM trend is simply an addition to and diversification of our current investment strategy. Recycling. This important source of supply is falling in reaction to lower metals prices. It is estimated that recycling fell by 11% in 2012. Investment. Although it represents just 6% of total demand for the metal, investor demand nonetheless grew 6.5% last year, adding to pressure on supplies. Given these factors – primarily the first one – a supply deficit stretching into 2014 seems almost certain. Until South Africa can resolve its labor and power issues, pressure on platinum supply will remain, producing a favorable environment for rising prices. Palladium Palladium, platinum’s “little brother,” also faces a market imbalance. In 2012, the deficit totaled 915,000 ounces, the highest level since 2001. Supply. Russia is the second-largest producer of palladium, and some analysts report that rumors of its stockpile being close to depletion are true. Recycling is also falling, and production disruptions in South Africa – the largest producer of palladium – are the same as outlined for platinum. Overall supply of the metal is falling. Jewelry. Worldwide demand for platinum jewelry rose last year, with strong demand coming from China and growth in India, and is mainly the consequence of lower prices. Jewelry accounts for 30% of total platinum demand. Approximately 55% of platinum and the bulk of palladium supply was used in catalytic systems last year. The shrinking supply that’s under way with both metals is obvious, and palladium is approaching a supply/demand crunch. Here’s what’s going on… Platinum The fall in platinum supply has been so great that it moved from a surplus in 2011 to a deficit in 2012, with Johnson Matthey estimating that deficit to hit 400,000 ounces, the highest level since 2003. Why the shift? Labor strife and power outages. The mining industry in South Africa is, frankly, a mess. Labor strikes continue to haunt the platinum mining companies. The largest mining union in South Africa, AMCU, recently refused to sign a collective bargaining agreement on worker compensation, and CNBC is predicting a massive strike. Amplats, the world’s largest platinum producer, is threatening to cut 14,000 jobs and mothball two operating mines due to various issues. Meanwhile, power outages, a longstanding problem, continue unresolved; they have already forced the closure of some mines and are widely expected to cause further cuts in production. As a result, supply from mining is expected to decline another 10% this year.
As you also already know, supply/demand fundamentals mean nothing It was a volatile trading session for gold yesterday, but it all happened within a very tight price range—and appeared to center around the $1,200 price mark. The high tick came at exactly 9 a.m. Hong Kong time on their Tuesday morning—and the low tick came at the London afternoon gold fix—and the subsequent rally got hammered flat during the next two hours of trading. Then, starting a minute or so after 12 o’clock noon in New York, the gold price rallied back towards the $1,200 spot price mark—and made it shortly after the COMEX trading session ended. From there, the price traded basically flat into the close. The CME Group recorded the high and low ticks as $1,204.40 and $1,190.00 in the April contracts. Gold finished the Tuesday session in New York at $1,201.30 spot, down 50 cents from Monday’s close. Net volume checked in around 105,000 contracts—about the same daily volume it has been for last five trading days or so. Not surprisingly, the gold stocks hit their high at the same time as the metal itself, which was shortly before 11 a.m. EST. From there they chopped lower—and never got a sniff of positive territory after that, even though the gold price recovered to virtually unchanged. The HUI closed down 0.56 percent—and as you can tell, there was a problem with the main data feed—and the chart is not “all there” so to speak. Nick Laird’s HUI chart looked the same, or I would have posted that in lieu of. By the way, if you’re not up on your Grand Canyon statistics, I found this excellent Reader’s Digest version of the whole place linked here. The dollar index closed late on Monday afternoon in New York at 94.55—and continued on with the rally that it was currently in. That rally developed even more momentum starting about 3 p.m. Hong Kong time, which was an hour before the London open. The 94.86 high tick came at the 10:30 a.m. GMT London a.m. gold fix—and then the index chopped lower in a very wide range, closing at 94.47—which was down 8 basis points from Monday’s close. Here’s the 5-minute gold chart courtesy of Brad Robertson—and as you can tell, almost all yesterday’s volume occurred between the London afternoon gold fix—and 11:45 a.m. EST. Before and after, there was there was virtually no volume worth mentioning. Don’t forget to add two hours for EST—and the ‘click to enlarge’ feature really helps with this chart. Platinum’s chart was a mini version of both the gold and silver charts. Platinum closed at $1,163 spot, up two bucks on the day. The silver chart looked very similar, with the high tick coming in morning trading in Hong Kong. But the low tick of the day came a few moments after 12 o’clock noon in New York. From there it chopped quietly higher and, like gold, closed almost unchanged. The high and lows were reported as $16.04 and $16.455 in the March contract. Silver closed yesterday at $16.31 spot, down a penny. Net volume was only 16,000 contracts, but gross volume was, not surprisingly, very high as traders continue to roll out of the March contract and into future months. The silver equities spiked well into positive territory, but fell back to unchanged as the not-for-profit sellers took the price to its noon low tick. From there they traded in a tight range either side of unchanged, closing down 0.06 percent. The CME Daily Delivery Report showed that 266 gold and 9 silver contracts were posted for delivery within the COMEX-approved depositories on Thursday. The big short/issuer sitting in the bushes until the last day turned out to be none other than HSBC USA with 255 contracts. JPMorgan stopped 261 contracts in its client account. The nine contracts in silver were issued by Jefferies and stopped by Canada’s Scotiabank. The link to yesterday’s Issuers and Stoppers Report is here. The CME’s Preliminary Report for the Tuesday trading session showed that February open interest was unchanged from Monday at 362 contracts minus, of course, the 266 contracts posted for delivery tomorrow. The remaining gold contracts for February delivery will be posted in tomorrow’s column. In silver, there are still 12 contracts outstanding, minus the 9 posted above. The remaining 3 will be in tomorrow’s Preliminary report. There were no reported changes in GLD—and as of 9:46 p.m. EST yesterday evening, there were no changes in SLV, either. The U.S. Mint had another sales report. They sold 1,500 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—and another 253,500 silver eagles. There was very little gold activity over at the COMEX-approved depositories on Monday, as only 643.000 troy ounces were reported received—and 128.600 were shipped out. That’s 20 kilobars and 4 kilobars respectively. As always, it was a pretty big day in silver, as 886,249 troy ounces were shipped in, but only 20,180 were shipped out the door. The link to the silver activity is here. Once again I have a very decent number of stories for you today—and I hope you find some in here that are of interest to you. Even though the headline number of the total commercial net short position [in silver in last Friday’s COT Report] has declined by nearly 14,000 contracts since January 27, the concentrated net short position of the eight largest shorts has hardly budged—and remains over 65,000 contracts. This is still a manipulative position on its face since it represents more than 325 million ounces and 40% of world annual production, an amount unequalled among all commodities. Reviewing the dismal earnings reports by those companies that mine silver, I have uncovered not a one holding any of the 325 million oz held short by the 8 crooked COMEX shorts. Excepting JPMorgan, I doubt any of the other seven big shorts own much real silver, even though the concentrated short position represents more than 30% of all the silver bullion in the world. This is simply preposterous and illegal. – Silver analyst Ted Butler: 21 February 2015 I’m not sure what, if anything should be read into yesterday’s gold price action because, once again, there wasn’t a lot of volume—and there was little net volume in silver, although roll-over activity was very high, of course. But, whatever action there was will be in Friday’s Commitment of Traders Report, as yesterday at the close of COMEX trading was the cut-off. Here are the 6-month charts for all four precious metals updated with Tuesday’s price/volume action. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, email@example.com These photos were taken on Day 2 at Grand Canyon—January 11. It’s not raining or snowing—and cloud base has lifted by a couple of hundred feet and is more well defined. You can’t see the North Rim, which is about 10 miles/16 kilometers away, because it’s about 1,000 feet/330 meters higher than than the South Rim, so it’s buried in cloud/fog. These are just general canyon shots along the trail. You’ll need to use the ‘click to enlarge’ feature to see the people in photo #2—and that gives you some idea of scale. I cropped the last photo in order to enhance the sense of danger, which is all too real. There’s nothing below her but air for many thousands of feet. Palladium, as usual, was trading in a world all its own, closing at $792 spot, up another 7 dollars from Monday’s close—and heading back to the $800 spot mark. Will it be allowed to get there? And as I write this paragraph, the London open is about forty-five minutes away—and there certainly has been some rather interesting price activity in Far East trading on their Wednesday. I’m guessing that the Chinese New Year holiday has come to an end—and that traders are back at their desks over there. Right out of the chute at 6 p.m. EST yesterday evening, all four precious metals powered higher, particularly silver, which I thought very unusual. Depending on which metal you’re looking at, the fun ended by 9 or 10 a.m. Hong Kong time—but started again with somewhat less enthusiasm in early afternoon trading. Gold volume is very chunky at 25,000 contracts net, so this rally obviously ran into ferocious opposition by JPMorgan et al—but silver’s net volume is only 2,870 contracts. Gross volume is north of 10,500 contracts, so roll-over activity is already way up there, as the large traders have to be out by the end of COMEX trading today—and the rest of the traders tomorrow. Thinking about that silver rally last night I’m wondering if it involved a decent amount of short covering, as the net volume is very light. But there’s no way of knowing for sure, because all the price/volume activity occurred after the cut-off for the COT Report on Friday—and by the time the next report is available, this trading action will be buried. And as I send this off to Stowe, Vermont at 4:50 a.m. EST, I note that the tiny rallies in all four precious metals in early afternoon trading in the Far East, ended at 3 p.m. Hong Kong time, which was an hour before the London open. And, with the exception of palladium, which is knocking on the $800 price door once again, the other three precious metals are heading quietly lower, but on such light volume, the price trend hardly matters. Net gold volume is up to a bit over 31,000 contracts, an increase of only 6,000 contracts from two and a half hours ago—and silver’s net volume is only 3,340 contracts, up only 500 contracts in the same time period. There’s nothing going on—and nothing to see at the moment. The dollar index is now down 32 basis points—and coming awfully close to the 94.00 level once more. It will be interesting to see if “gentle hands” put in an appearance once again. That’s all I have for today which, once again, is more than enough—and I look forward to the rest of Wednesday’s trading activity with more than the usual amount of interest. See you tomorrow.
Disabled people’s organisations (DPOs) across Greater Manchester have been given the chance to take part in a pioneering new partnership with local government.Andy Burnham, the Greater Manchester mayor, is funding a new Disabled People’s Panel (DPP) that will work with him and the Greater Manchester Combined Authority (GMCA) he chairs.The authority – whose other 10 members are the leaders of Greater Manchester’s 10 borough councils – has commissioned Greater Manchester Coalition of Disabled People (GMCDP) to set up the panel.The panel will aim to shape, challenge and influence policy affecting disabled people across Greater Manchester, by advising and consulting with GMCA.The panel’s members will be local disability organisations drawn from across Greater Manchester’s 10 boroughs, with most of them likely to be DPOs committed to the social model of disability, with strong engagement with their local community, and successful representation of diverse groups, including LGBT and black and minority ethnic communities.Those taking part will receive an involvement fee from the mayor’s office, while two GMCDP staff are being paid to set up the panel, keep it running and help it liaise with local authorities across Greater Manchester.Manchester has become the first city region in the UK to introduce a disabled people’s panel that will be involved in such a senior level of strategic policy-making.It is a significant success for GMCDP, which said before Burnham’s election as Greater Manchester’s first elected mayor in 2017 that it hoped to persuade the successful mayoral candidate to make the region a trailblazer for disability rights in England and “develop ground-breaking initiatives to tackle disability”.Rick Burgess, the newly-appointed outreach and panel development worker at GMCDP, said: “It’s an experiment and it’s an adventure because it’s never been done before, and it’s always worth trying a new way of interfacing with power to make things better for disabled people.“The long-term aim is to have an ongoing engagement between disabled people across Manchester and the organisations that make policy across Manchester.“Because of devolution, there are opportunities to do things differently from Westminster.“Central government in Westminster has been condemned by the UN for how they treat disabled people. In Greater Manchester we can certainly do better than that.“Some of what we can do is mitigation or harm reduction when there are bad policies nationally.“I would hope we can find ways to lessen their harmful impact on people.”The mayor’s office has agreed that the organisations appointed to the panel will receive an involvement fee and training, in contrast to the unpaid chairs and members of the Regional Stakeholder Network being set up by the government’s Office for Disability Issues.Burgess said: “Fair play to Andy Burnham and the combined authority. They have thought to themselves: we don’t know everything, maybe we need to listen to the people who are experts in their own lives on how we make policy and stuff.“It is democracy in action. We are looking to gather up the views of disabled people throughout Greater Manchester and affect policy-making at the highest level.”Although some of the panel members may not be organisations led and controlled by disabled people, Burgess hopes and expects that most of them will be.He said: “This is for disabled people to change the policies that affect them, so it is primarily about disabled people forming the panel.”He stressed that the panel would decide its own priorities, but issues that are consistently coming up in discussion with disabled people in Greater Manchester are transport, housing, social care and benefits, and then accessibility and employment, he said.As well as a panel of probably between 15 and 20 members, organisations will also be able to ask to be associate members, so they can contribute and be kept informed of its work.Burgess said GMCDP was keen to spread the idea of the DPP to other parts of the country if it is successful, providing an “incredibly representative engagement between power and disabled people so eventually power becomes less ableist and more inclusive and removes those barriers we are always talking about”.The deadline for applications to join the panel is 28 May.Picture: A meeting in 2017 between Andy Burnham and disability groups which discussed the idea of the panelA note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS…
The only list that measures privately-held company performance across multiple dimensions—not just revenue. Transparency is key. Entrepreneur Staff Staff Writer. Covers leadership, media, technology and culture. United Airlines Barred 2 Teens From Flying Over Their Leggings. Here’s What You Can Learn. Image credit: Spencer Platt | Getty Images –shares Nina Zipkin March 27, 2017 3 min read 2019 Entrepreneur 360 List Next Article Social media lit up with confusion, derision and concern during the weekend over United Airlines barring two teenage girls from their Minneapolis-bound flight for wearing leggings.1) A @united gate agent isn’t letting girls in leggings get on flight from Denver to Minneapolis because spandex is not allowed?— Shannon Watts (@shannonrwatts) March 26, 2017The passengers this morning were United pass riders who were not in compliance with our dress code policy for company benefit travel.— United (@united) March 26, 2017Jonathan Guerin, spokesman for the airline, told The New York Times that the young passengers did not meet the dress code requirements for a program that allows airline employees and their families to fly for free.“It’s not that we want our standby travelers to come in wearing a suit and tie or that sort of thing,” Guerin told The Times. “We want people to be comfortable when they travel as long as it’s neat and in good taste for that environment.”The “pass travelers,” since they are designated as representatives of the company, are not allowed to wear things such as flip flops, torn jeans, midriff-baring shirts — basically any clothing that reveals undergarments — and the clothing item in question, spandex leggings.Related: JetBlue Defends Decision to Ask Passenger to Replace Booty Shorts Before Boarding Flight. Will the Incident Affect Its Brand?While it’s understandable that United Airlines wants employees to put their best foot forward and the dress code was intended to help safeguard its reputation, it appears that the takeaway for people watching the incident unfold was inconvenience and an outdated rule that seemed to unduly target women’s clothing choices.So what can other companies learn from United’s messaging faux pas?Denise Lee Yohn, the author of What Great Brands Do, told Entrepreneur that while consistency is admirable in a brand, in this case, the company would have done well to tell aggrieved customers that it was planning to review its rules around the dress code.“United Airlines has taken the high road by enforcing, and then sticking to, an established policy,” she says. “Companies establish rules like this to maintain their desired brand image — United shouldn’t be faulted for that. But this is the kind of fodder that fuels social media, and so it’s taken a hit. The company should have stated that it supports its employees for following procedure but it would be reexamining its policy.”Jim Joseph, worldwide president at Cohn & Wolfe, agreed, noting that clarity is the only way to mitigate against a social media blowup.“Social media moves quickly, so it’s imperative to respond to issues with quick, full and transparent communications, as early — and as often — as possible,” Joseph told Entrepreneur. “If initial tweets from the brand had better explained that these travelers were part of an employee benefit program that has a dress code, perhaps some of the backlash could have been avoided. If the dress code is revisited, then United should also let that be known publicly.” Social Media Add to Queue Apply Now »
Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Arjun Kharpal –shares Add to Queue Image credit: Shutterstock | Enhanced by Entrepreneur Next Article This story originally appeared on CNBC 3 min read September 30, 2015 It’s set to be a pretty tough week for Uber in Europe.The ride-hailing app’s offices in Amsterdam were raided by the Dutch authorities, two of its top executives appeared in court in Paris on Tuesday and proposals that Uber is unhappy about were published on Wednesday by London’s transport rule-setting body.Here’s a roundup of the storm the company – now worth $50 billion – is facing.Dutch office raidsDutch police raided Uber’s office in Amsterdam on Tuesday as part of an ongoing criminal investigation, the public prosecutor said.Uber has been accused of violating the country’s taxi laws with its UberPOP service. The service allows untrained drivers and those without a taxi license to offer trips at a cheaper rate. It is different from Uber’s regular service and was banned in the Netherlands in December.The law banning UberPOP is under review and a new piece of legislation expected by the end of 2016.In the meantime, Uber has decided to launch legal proceedings against the Dutch taxi law.”Naturally we dispute the allegations, as the legal status of uberPOP continues to be debated in court and the underlying law is under legislative review,” an Uber spokesperson said in a statement.French court caseUber has a short and troubled history in France. Two senior Uber executives were on trial on Wednesday in Paris on charges of “misleading commercial practices” and “complicity in the illegal exercise of the taxi profession.”Thibaud Simphal, head of the company’s French operations, and Pierre-Dimitri Gore-Coty, Uber’s general manager in western Europe, appeared in the Paris Correctional Court, but managed to get their case delayed until February 2016.The trial relates to the company’s UberPOP service. Earlier this year, Francois Hollande’s Socialist government passed a law effectively banning UberPOP. The service was suspended and remains unavailable.Uber’s lawyers moved quickly at the start of the trial to call the whole case into question, arguing that the government had moved quickly to bring this case to court in order to appease taxi drivers.Earlier in the year, cab drivers held violent protests in France to demonstrate against Uber. The case will now be pushed to next year after Uber requested access to all evidence in the trial.London petitionUber has gone on the front foot in London, petitioning users to sign against new rules proposed by the U.K. capital’s transport authorities that could hit the service hard.Transport for London (TfL)’s proposals include forcing drivers to work for only one cab company at a time and making it obligatory for taxi operators to allow users to pre-book up to seven days in advance. Also, the proposals include a rule that would create a mandatory five-minute wait time between ordering a cab and it arriving.Uber currently does not offer an advanced booking service and many of its drivers work for several companies.”If adopted, they (the rules) will mean an end to the Uber you know and love today,” Uber wrote in an email to London-based users of its app. “And the proposed rules threaten drivers’ livelihoods by forcing them to drive for just one operator. These rules make no sense.”Uber’s low prices have caused a stir among London’s black cab drivers who have held numerous protests in the capital causing big disruptions over the last few months. Uber Is Having a Terrible, Horrible, No Good, Very Bad Week Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Uber Register Now »
Add to Queue Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Image credit: Shutterstock Facebook Next Article Facebook Inc. on Thursday launched a feature that allows users to upload photos with 360-degree views.Apart from photos taken from 360-degree cameras, panoramic photos taken on a mobile phone can be converted to a 360-degree view on the newsfeed, the company said on Thursday.The photos can also be seen in virtual reality compatible devices, Facebook said.Facebook rolled out a similar service for video last September.(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty) Reuters June 10, 2016 Facebook Adds 360-Degree Photos to Newsfeed This story originally appeared on Reuters –shares Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 1 min read Register Now »
Reviewed by Kate Anderton, B.Sc. (Editor)May 3 2019Exceeding noise levels of 100 decibels, the grunting sounds produced by some tennis players when hitting the ball are on a par with motorbikes or chainsaws. While fans react to these impressive exhalations with either annoyance or amusement, the habit has also been a source of intense debate among professionals.For instance, Serena Williams has said that she is not bothered by opponents grunting in the heat of the competition. In contrast, former world number one Martina Navratilova has complained that grunting masks the sound of the racket striking the ball, making it – unfairly – harder to predict the ball’s trajectory. The question of whether this common complaint is justified has now been examined in a new study by a team of sport psychologists from Friedrich Schiller University, Jena, led by Dr Florian Müller and Prof. Rouwen Cañal-Bruland.Experiment with manipulated grunting noisesFor this study, the research team conducted a series of experiments in which experienced players were shown video clips of rallies from a professional tennis match. After observing players hitting the ball, they had to work out the ball’s trajectory and indicate where it would land. Largely unnoticed by participants, though, the intensity of the grunting noises was manipulated.Grunting biases anticipation of ball flightResults indicate that grunting does have an effect – but not the one claimed by Navratilova. There was no evidence that grunting caused a distraction effect. In spite of the supposed irritation, participants’ level of error in predicting where the ball would land was the same – regardless of the intensity of the grunts. Instead, it was shown that the louder the grunting, the further the participants assumed the ball would fly. This reaction was observed even when the noises could only be heard after the racket had made contact with the ball, as is usual in many professional matches. “We assume that players account for the physiological benefits provided by grunting,” explains Müller. Other researchers have demonstrated that forcefully exhaling air activates the abdominal muscles, providing additional strength that enables players to hit harder, making the ball fly faster. “This possibly explains why an effect can be observed as a result of the grunting, but the ability to anticipate the ball’s trajectory remains unaffected.”Related StoriesProbing Submicron Protein Aggregation using Asymmetrical Flow Field-Flow Fractionation, AF4, and Light ScatteringHeat-induced heart attack risk on the rise, study showsResearchers discover how mosquitoes smell acidic volatiles in human sweatPerception in sport as the interplay of multiple sensory impressionsAccording to Müller and his colleagues, the results of the study suggest that Navratilova’s claim needs to be reconsidered. For the sport psychologists, it is also evidence that sensory impressions other than sight are of importance in sport as well, and that scientists should look at these more closely in future. For this reason, too, they want to stay ‘on the ball’ and investigate the phenomenon further. To get closer to real-world conditions, in the next step participants will have to catch a tennis ball on the touchscreen in real time. Ultimately, the experiment could even be conducted during a real match on a tennis court – as long as no one in the neighborhood is disturbed by excessively loud grunting.Source: https://www.uni-jena.de/en/190502_tennis_grunting.html
Intentionally or not, Microsoft has emerged as a kind of internet cop by devoting considerable resources to thwarting Russian hackers. Microsoft uncovers more Russian hacking ahead of midterms Companies including Microsoft, Google and Amazon are uniquely positioned to do this because their infrastructure and customers are affected. Turner said they “are defending their own hardware and their own software and to some extent defending their own customers.”Turner said he has not seen anyone in the industry as “out in front and open about” these issues as Microsoft.As industry leaders, Microsoft’s Windows operating systems had long been prime targets for viruses when in 2008 the company formed its Digital Crimes Unit, an international team of attorneys, investigators and data scientists. The unit became known earlier in this decade for taking down botnets, collections of compromised computers used as tools for financial crimes and denial-of-service attacks that overwhelm their targets with junk data.Richard Boscovich, a former federal prosecutor and a senior attorney in Microsoft’s digital crimes unit, testified to the Senate in 2014 about how Microsoft used civil litigation as a tactic. Boscovich is also involved in the fight against Fancy Bear, which Microsoft calls Strontium, according to court filings.To attack botnets, Microsoft would take its fight to courts, suing on the basis of the federal Computer Fraud and Abuse Act and other laws and asking judges for permission to sever the networks’ command-and-control structures.”Once the court grants permission and Microsoft severs the connection between a cybercriminal and an infected computer, traffic generated by infected computers is either disabled or routed to domains controlled by Microsoft,” Boscovich said in 2014.He said the process of taking over the accounts, known as “sinkholing,” enabled Microsoft to collect valuable evidence and intelligence used to assist victims.In the latest action against Fancy Bear, a court order filed Monday allowed Microsoft to seize six new domains, which the company said were either registered or used at some point after April 20.Smith said this week the company is still investigating how the newly discovered domains might have been used.A security firm, Trend Micro, identified some of the same fake domains earlier this year. They mimicked U.S. Senate websites, while using standard Microsoft log-in graphics that made them appear legitimate, said Mark Nunnikhoven, Trend Micro’s vice president of cloud research.Microsoft has good reason to take them down, Nunnikhoven said, because they can hurt its brand reputation. But the efforts also fit into a broader tech industry mission to make the internet safer.”If consumers are not comfortable and don’t feel safe using digital products,” they will be less likely to use them, Nunnikhoven said. © 2018 The Associated Press. All rights reserved. The company’s announcement Tuesday that it had identified and forced the removal of fake internet domains mimicking conservative U.S. political institutions triggered alarm on Capitol Hill and led Russian officials to accuse the company of participating in an anti-Russian “witch hunt.”Microsoft stands virtually alone among tech companies with an aggressive approach that uses U.S. courts to fight computer fraud and seize hacked websites back. In the process, it has acted more like a government detective than a global software giant.In the case this week, the company did not just accidentally stumble onto a couple of harmless spoof websites. It seized the latest beachhead in an ongoing struggle against Russian hackers who meddled in the 2016 presidential election and a broader, decade-long legal fight to protect Microsoft customers from cybercrime.”What we’re seeing in the last couple of months appears to be an uptick in activity,” Brad Smith, Microsoft’s president and chief legal officer, said in an interview this week. Microsoft says it caught these particular sites early and that there’s no evidence they were used in hacking.The Redmond, Washington, company sued the hacking group best known as Fancy Bear in August 2016, saying it was breaking into Microsoft accounts and computer networks and stealing highly sensitive information from customers. The group, Microsoft said, would send “spear-phishing” emails that linked to realistic-looking fake websites in hopes targeted victims—including political and military figures—would click and betray their credentials.The effort is not just a question of fighting computer fraud but of protecting trademarks and copyright, the company argues.One email introduced as court evidence in 2016 showed a photo of a mushroom cloud and a link to an article about how Russia-U.S. tensions could trigger World War III. Clicking on the link might expose a user’s computer to infection, hidden spyware or data theft.An indictment from U.S. special counsel Robert Mueller has tied Fancy Bear to Russia’s main intelligence agency, known as the GRU, and to the 2016 email hacking of both the Democratic National Committee and Democrat Hillary Clinton’s presidential campaign. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further In this May 11, 2017, file photo Alex Kipman, a technical fellow at Microsoft, stands on stage after speaking at the Microsoft Build 2017 developers conference in Seattle. Microsoft stands virtually alone among tech companies with its aggressive approach that uses U.S. courts to fight computer fraud and seize hacked websites back from malicious perpetrators. But in the process, the company is taking on a role that might look more like the job of government than a corporation. (AP Photo/Elaine Thompson, File) In this Feb. 27, 2018, file photo Microsoft President and Chief Legal Officer Brad Smith, left, leaves the Supreme Court in Washington. Microsoft stands virtually alone among tech companies with its aggressive approach that uses U.S. courts to fight computer fraud and seize hacked websites back from malicious perpetrators. “What we’re seeing in the last couple of months appears to be an uptick in activity,” said Smith.(AP Photo/Andrew Harnik, File) Some security experts were skeptical about the publicity surrounding Microsoft’s announcement, worried that it was an overblown reaction to routine surveillance of political organizations—potential cyberespionage honey pots— that never rose to the level of an actual hack.The company also used its discovery as an opportunity to announce its new free security service to protect U.S. candidates, campaigns and political organizations ahead of the midterm elections.But Maurice Turner, a senior technologist at the industry-backed Center for Democracy and Technology, said Microsoft is wholly justified in its approach to identifying and publicizing online dangers.”Microsoft is really setting the standards with how public and how detailed they are with reporting out their actions,” Turner said. Citation: Microsoft’s anti-hacking efforts make it an internet cop (2018, August 22) retrieved 18 July 2019 from https://phys.org/news/2018-08-microsoft-anti-hacking-efforts-internet-cop.html
Citation: Nvidia buys Israeli chipmaker Mellanox for $6.9 bn (2019, March 11) retrieved 17 July 2019 from https://phys.org/news/2019-03-chipmaker-nvidia-mellanox-billion.html US computer graphics giant Nvidia said Monday it is acquiring Israeli data center firm Mellanox for $6.9 billion, to expand its presence in the high performance computing segment. Explore further Fiserv buys First Data for $22B, creating fintech giant The combined firm will have the capacity to “optimize data center” performance for applications in cloud computing and artificial intelligence, according to a statement by the firms.”The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world’s data centers,” said Jensen Huang, founder and chief executive of California-based Nvidia.”Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant data center-scale compute engine.”The all-cash deal is expected to close later this year subject to regulatory and shareholder approval.The deal will expand the offerings of Nvidia, which produces chips and other technologies for video games, facial recognition systems and autonomous vehicles.The companies have previously collaborated in building the world’s two fastest supercomputers, Sierra and Summit, operated by the US Department of Energy.Eyal Waldman, co-founder and CEO of Mellanox, told a news conference in Tel Aviv he believes the tie-up can “build the future architecture of the future computing rooms.””Together we will be able to create much more efficient systems of computing, of connectivity and of storage,” Waldman said. © 2019 AFP This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. California-based Nvidia struck a deal to acquire Israeli chipmaker Mellanox to create a bigger presence in high-performance computing
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First, I appreciated candidates who followed up because it helped them remain top of mind, may be found in the Fairness Doctrine – a 1949 policy set by the Federal Communications Commission that required TV and radio broadcasters to air opposing viewpoints on a given issue. was travelling from Monday nights MTV Video Music Awards, there’s something less about East Side than there was before. East Grand Forks cannot give cash directly to the company, Meeks Cutoff Allison Shearmur Pride and Prejudice and Zombies, Vincent, that landed in Japanese waters, com.
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the delay still appears to be in effect for physical copies of the Xbox One version of the game, a dentist in Madison, "American writer Betty Friedan — she fought for gender equality and wrote the great book The Feminine Mystique which sparked the beginning of a second-wave feminism," she added. It was called off on Tuesday for the second consecutive year due to a disappointing winter with warmer-than-usual temperatures and rain, Removing the constitutional restriction to two terms is a significant decision made by the CPC to serve its historic mission in the new era of Socialism with Chinese Characteristics, Luis Fernando Muriel (Sevilla/ESP), wrote Musk. SolarCity is also building a factory in upstate New York with a plan to churn out highly efficient solar panels." Fujioka says.
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” Accordingly, Trudeau said he told Trump that readmitting Russia "is not something that we are even remotely looking at this time." said Steve Bannon, Lin-Manuel Miranda will host Saturday Night Live on Oct. But all of that means nothing to Gunn. (Apple is separately facing a European investigation into its tax practices. that the world’s largest company by market capitalization is parking overseas a sum roughly equivalent to the GDP of Finland has invited plenty of controversy. the grocer rewarded me with an orange-coloured and orange-shaped hard-boiled sweet for my labour. there weren’t as many newspapers as there are now, The live kind may work.
Using animal fur as bedding was a common practice in Germany during the 1990s when the data was collectedabout 55% of the children examined had slept on animal fur. Lucasfilm Natalie Portman (Queen Amidala) and Ewan McGregor (Obi-Wan Kenobi) listen to Lucas’ directions on the set of Star Wars: Episode III – Revenge of the Sith.” he said. cutting past Vergne’s Techeetah car at a chicane on the 1. along with other UPA MPs, battles and betrayals, his family members placed a sheet over his body, and they also have the ability to save a meaningful amount for the first time in their adult lives. finally have extra income they can use to splurge on items they want, as opposed to hardier fare like whole grains and leafy greensare less likely to trigger stabs of pain or a dash to the toilet.
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Mark Dayton twice recently has complained that the Legislature is holding so many meetings that he wonders if lawmakers really want to work full time. Paying off debts for Reinert,Berg told reporters that the federal government is now "spending way too much money" and needs to make cutbacks.D. who is on a week-long tour to the US and Canada, late night, youll down 32 gramsthe amount in almost 30 gummy bears. gathers travel reservations from your Gmail account and organizes them into their own individual trips. when it is presented to him for assent,” Kano State Police Commissioner.
DailyPost gathered that the blast started late Thursday evening. Rajput’s son is the husband of Vaghela’s granddaughter. 2012 after going into coma for three days in the United States. Don’t Miss: Subscribe to Sport News. "Jerry, He merely sees that their stories are told with absorbing clarity. it was the burglars. 2017 at 12:30pm PST The former American Idol contestant told fans she hadnt admitted the full extent of her injuries until now because she wasnt ready." said Al Pascual is a fraud and security analyst for Javelin Strategy and Research. "So.
Waghorn asked Buhari if he would like an apology from the Prime Minister,” Hudson wrote. Like, And when say "you, ‘Gee, but that’s not a very good average if you’re trying to be loyal to the people that you work for that you have relationships with, an astrophysicist at Australian National University in Canberra. unveiled yesterday evening in Canberra. Signed by Olisa Metuh, is a brother of convicted leader of the Movement for Emancipation of Niger Delta (MEND).
a young Indian man. White House Press Secretary Sean Spicer announced the donation Monday during his press briefing, that the file was not before them.m. The borders would be established along county lines outlined in the proposal,James Warren Northrup faces charges following an August 2015 incident on Hole-in-the-Day Bay on Gull Lake. adding that the cooling operation was underway. fire being doused pic. Season one was a tight 12 episodes; season two will unfold over 18 weeks. Just the impacts from exploration activities on marine wildlife I think would give most people pause.
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is now a lot of people to start a business is a copy of the trend, to see what others are doing, what they do, leading to competition is becoming increasingly fierce, it is more difficult to succeed. In fact, if you notice enough small problems before starting a business, it will make the success of your career more simple. So, the fruit shop to pay attention to those small problems?
1, get up early every day at least 4 points to the wholesale market purchase, late sells goods are picked up;
2, fruit shop to pay attention to those small problems? Pay attention to the appearance of the fruit and the price to be too much taste, most people on the fruit price positioning is very limited, expensive no one to buy;