How major US stock indexes fared Monday

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first_imgU.S. stocks remained volatile Monday as the market recovered from sharp losses in morning trading to end with modest gains. The Dow Jones Industrial Average lost as much as 507 points in early trading before ending with a gain of 34.On Monday:The S&P 500 index picked up 4.64 points, or 0.2 per cent, to 2,637.72.The Dow Jones Industrial Average edged up 34.31 points, or 0.1 per cent, to 24,423.26.The Nasdaq composite rose 51.27 points, or 0.7 per cent, to 7,020.52.The Russell 2000 index of smaller-company stocks slid 4.99 per cent, or 0.3 per cent, to 1,443.09.For the year:The S&P 500 is down 35.89 points, or 1.3 per cent.The Dow is down 295.96 points, or 1.2 per cent.The Nasdaq is up 117.13 points, or 1.7 per cent.The Russell 2000 is down 92.42 points, or 6 per cent.The Associated Presslast_img read more


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first_imgGeneva: Climate change may threaten the survival of of marine mammals such as dolphins, and have more far-reaching consequences for their conservation than previously thought, according to a study. In early 2011, a heatwave caused the water temperatures to rise to more than four degrees above the annual average, said researchers from the University of Zurich (UZH) in Switzerland. The extended period caused a substantial loss of seagrass, which drives the Shark Bay ecosystem, a UNESCO world heritage site in Western Australia. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USResearchers from UZH have now investigated how this environmental damage has affected survival and reproduction of dolphins. They used long-term data on hundreds of animals collected over a ten-year period from 2007 to 2017. Their analyses revealed that the dolphins’ survival rate had fallen by 12 per cent following the heatwave of 2011. Moreover, female dolphins were giving birth to fewer calves — a phenomenon that lasted at least until 2017, researchers said. Also Read – Record number of 35 candidates in fray for SL Presidential polls”The extent of the negative influence of the heatwave surprised us,” said Sonja Wild, a former PhD candidate at the University of Leeds in the UK. “It is particularly unusual that the reproductive success of females appears to have not returned to normal levels, even after six years,” Wild said in a statement. There are several possible explanations for this phenomenon, for instance neglect of calves, increased newborn mortality, delayed sexual maturity or a combination thereof, but researchers have not yet been able to investigate them in detail. Interestingly, the heatwave did not have the same effect on all dolphin groups, researchers said. Dolphins that use sponges as tools — a socially learned foraging technique that helps dolphins to locate food in deep water — were not as badly affected as those that do not use this technique. “Nevertheless, our work raises concerns that such sudden events might have quite negative long-term effects even in groups of marine mammals that are known to adapt usually well to novel environmental conditions,” said Wild. The study shows for the first time that marine heatwaves not only affect organisms at lower levels of the food chain, but also might have considerable long-term consequences for the animals at the top, such as dolphins. “Marine heatwaves are likely to occur more frequently in the future due to climate change,” said study leader Michael Krutzen, professor at the Department of Anthropology at UZH. “This is worrying not only for the long-term prospects of marine mammal populations, but also for the entire oceanic ecosystems,” Krutzen said.last_img read more


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first_imgNew Delhi: Social media giant Facebook is raising minimum wages for contract workers to up to $20 per hour in the US, and said it is working on developing similar standards for other countries. The US-based company had drawn flak after reports of contract workers facing tough work conditions and getting low compensation came out. These reports suggested that some workers also suffered from post-traumatic stress. It conceded that its current minimum wages for contract staff may be insufficient to meet the cost of living in some of the places it operates in. “It’s become clear that $15 per hour doesn’t meet the cost of living in some of the places where we operate. After reviewing a number of factors including third-party guidelines, we’re committing to a higher standard that better reflects local costs of living,” Facebook Vice-President (Human Resource) Janelle Gale and Arun Chandra (VP of Scaled Operations) said in a blogpost. They added that the minimum wage has been raised to $20 per hour in the San Francisco Bay Area, New York City and Washington DC, and $18 per hour in Seattle. “We’ll be implementing these changes by mid-next year and we’re working to develop similar standards for other countries,” they said. The blog said workers in the US, who review content on Facebook, will receive even higher wages. “Their work is critical to keeping our community safe, and it’s often difficult. That’s why we’ve paid content reviewers more than minimum wage standards, and why we will surpass this new living wage standard as well. We’ll pay at least $22 per hour to all employees of our vendor partners based in the Bay Area, New York City and Washington, D.C,” it pointed out. Content reviewers in Seattle will receive $20 per hour, while those in all other metro areas in the US will get $18. “As with all people who do contract work, we’re working to develop similar international standards. This work is ongoing, and we’ll continue to review wages over time,” the blog said. In 2015, Facebook had introduced a minimum wage of $15 per hour; a minimum 15 paid days off for holidays, sick time and vacation; and for new parents that don’t receive paid leave — a $4,000 new child benefit. A year later, it asked its vendors in the US to provide comprehensive healthcare to all of their employees assigned to Facebook. The social media giant said all content reviewers – whether full-time employees or those employed by partner companies – have access to well-being and resiliency resources. “We’re working to make contracts across our Global Operations vendor partners consistent. This includes requirements like quality-focused incentives, no sub-contracting, overtime and premiums for nightshifts and weekends, and healthcare that meets the standards of the Affordable Care Act in the US and appropriate healthcare standards internationally,” the blog said. The company is mandating all vendor partners to provide on-site counselling during all hours of operations, and is also rolling out a resiliency survey — to be conducted twice a year — to all partner sites globally to “get a better sense of the needs of our reviewers”.last_img read more


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Will Smith’s upcoming film is stirring up some controversy, and it hasn’t even hit theaters yet. The movie is called Concussion, and it’s reportedly causing the NFL a bit of a headache.The Sony biopic tells the story of Nigerian forensic pathologist Bennet Omalu, who discovered a degenerative neurological disease called chronic traumatic encephalopathy, or CTE. The disease causes depression, dementia, and other behavioral changes in football players after repeated head trauma.Dr. Omalu presented his research to the press and the NFL in 2005 but was not met with open arms by the league. The NFL, instead, attempted to discredit his findings and allegedly blackball him in the science community.  It was an odd tactic, considering that Dr. Omalu specializes in neuropathology.Omalu’s discovery of CTE came after performing the autopsy of former Pittsburgh Steelers player Mike Webster, who publicly appeared to have gone crazy in the late 1990s and early 2000s. Though the NFL opposed Omalu’s work, a string of suicides by former NFL players—all of which were found to have CTE—brought his research to greater prominence and forced the NFL to acknowledge that concussions were an issue. A 2009 GQ profile on Dr. Omalu’s battle with the NFL, titled “Brain Game,” forms the basis for Concussion.  While there is some talk of Oscar buzz for Smith who portrays Dr. Omalu in the film, there’s even more buzz about how big of a problem the movie may cause for the NFL. Recent headlines suggest that the film delivers some serious blows to the league’s reputation, while a New York Times article published on September 1 claims that emails leaked during the big Sony hack reveal that the film may have been “watered down” by Sony executives in order to avoid rattling cages over at the NFL. However, Sony Pictures issued a statement to NBC on September 2, refuting those claims. “As will become immediately clear to anyone actually seeing the movie, nothing with regard to this important story has been ‘softened’ to placate anyone,” a spokesperson said.Dr. Bennet OmaluMeanwhile, the NFL has been doing some preemptive damage control, according to The Hollywood Reporter, welcoming any open dialogue the film may spark and holding a series of conferences and scientific strategy meetings on player safety in the months leading up to Concussion‘s release. “When something like this movie comes up and people want to talk about concussions or football or the future of the sport, that’s an opportunity for us to engage,” Jeff Miller, NFL senior VP of health and safety policy, said to The Hollywood Reporter.Miller even went so far as to say that the league would be happy to partner with Sony to raise awareness for concussion safety in the sport. “The studio hasn’t asked, and if they were to, and it gives us the opportunity to talk about the health and safety of our sport, we would do that, Miller added. That’s a much warmer reception than the NFL gave to Dr. Omalu. Neither Omalu’s name nor his research has been mentioned in any of the NFL’s recent statements. The NFL also effectively limited the reach of a 2013 documentary about Dr. Omalu and the NFL called League of Denial: The NFL’s Concussion Crisis. The organization allegedly pressured ESPN, initially a partner on the project, to back out of the documentary that was based on a book written by two ESPN reporters.Omalu’s work is important for all professional athletes, but particularly to the predominantly Black NFL and the young Black players who aspire to be in the league—athletes who need to be informed, protected, and treated for the disease that the NFL has tried to discount.Since his discovery of CTE in Mike Webster, Dr. Omalu has examined the brains of at least 16 other former NFL players, who each died by some self-inflicted injury, and found CTE in all of them. He has received the backing of many doctors and scientists outside of the NFL’s roster. Some of those scientists were even hand-picked by the league to conduct their own examinations of the brains and were subsequently ignored by the NFL when their findings supported Dr. Omalu’s.Regardless of whether the NFL acknowledges the validity of Omalu’s research, they certainly won’t be able to dismiss it after it is given such public treatment as a Hollywood movie. With at least 17 cases of CTE diagnosed in NFL players, 5000 ex-players who sued the league for damages resulting from concussions in 2013, and thousands more who are or will be affected by them in the sport, Concussion may be putting a necessary spotlight on the biggest issue facing the NFL. And Will Smith may just be putting on the most important performance of his career to-date. read more


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first_imgAfter almost three months since Alexis Sanchez left Arsenal for Manchester United in exchange for Henrikh Mkhitaryan, Jose Mourinho is starting to get a grip on how the talented lone wolf behaves exactly.A deal, which in the beginning seemed to have only one winning side – the Red Devils – has turned into a nightmare for that same team – Mkhitaryan has been performing extremely well since the transfer and on the other side, Sanchez is still struggling to find his place and adapt to the new surroundings at Old Trafford – out of the 13 played games, he has scored only 2 goals.This has led Mourinho to consider dropping him for the FA Cup semi-final against Tottenham.harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“Rotating is not the right word,” Mourinho shared, according to football.london. “If I play a player against Bournemouth and the player is phenomenal, he plays the semi-final. So is not rotating, because rotating looks like a player plays against Bournemouth to give a rest to somebody that is going to play against Spurs in the semi-final.” “So the word is not rotation, it is an opportunity for people, for some people to play and to try to get a place in the team for Spurs. Some of the guys that played today don’t have a place in that team, they don’t have a place in that team,” Mourinho went on to add after the 1-0 upset against West Brom on Sunday.last_img read more


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first_imgInter Milan vice-president Javier Zanetti has revealed that Mauro Icardi has “manifested his desire” to remain at the club for next seasonThe Argentine’s impressive performances for the Nerazzurri over the years has gained him many admirers with both Juventus and Real Madrid believed to be among them.Despite Inter having secured their return to the Champions League for next term, Icardi has been strongly linked with a departure this summer to a European giant.The 25-year-old has a reported release clause of €110m in his current deal at Inter.But Zanetti is unconcerned over the speculation over his compatriot’s future and is certain that he wishes to remain at the San Siro.Romelu Lukaku, Serie A, Inter MilanCapello calls Lukaku “a modern striker” Manuel R. Medina – September 14, 2019 The former Italian manager believes Romelu Lukaku is perfectly suited for Antonio Conte’s Internazionale Milan in the Serie A.“It’s disappointing he’s not going to the World Cup, as he has proved he fits in with the Argentina squad,” said Zanetti, according to Goal.“When you have a champion like him in the team, it’s only normal to receive many offers, but Mauro is the captain and a reference point for Inter.“We are happy to have him here and he is happy to be with us. We are not worried by transfer speculation, because he manifested his desire to remain and we in the Champions League, so wish to continue together.“Every time he steps on to the field, he shows how much he cares about Inter.”Icardi scored for Inter in their final day 3-2 victory against rivals Lazio to leapfrog them into fourth place and the final Champions League spot in the Serie A.last_img read more


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first_imgFormer Real Madrid manager Fabio Capello thinks Cristiano Ronaldo and Lionel Messi showed a lack of respect for skipping the FIFA Football Awards show.Both players made it to the FIFPro World XI, while Juventus striker Ronaldo made it to the final three for Player of the Year and was nominated for the Puskas award.However, neither man turned up for the ceremony in London, and rumours are rife that Ronaldo decided to boycott the show after hearing that Luka Modric would win the big prize.That news didn’t go down well with Italian gaffer Capello who criticised the attitude of the former winners.FC Barcelona, Valencia CFMatch Preview: Barcelona vs Valencia Boro Tanchev – September 14, 2019 Is derby time in La Liga, as Barcelona welcomes Valencia to the Camp Nou Stadium tonight at 21:00 (CET).“It’s a lack of respect that they didn’t come,” Capello told Mundo Deportivo.“When the Oscars happen, they [the nominees] are all there. It’s possible they’ve won too often, and they don’t like to lose.“But you have to be gracious when you lose, just like when you win.”last_img read more


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first_img Budget cuts hurt, but necessary says TCI Deputy Premier in parliamentary debate on hurricane funds Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 23 Mar 2015 – The Chamber of Commerce told Magnetic Media they had not been consulted, nor their members informed of the massive hikes published as coming for Work Permit fees. President EJ Saunders said our report was how he knew of the changes. On Friday the Government’s Gazette revealed a series of changes to the Immigration Ordinance and they include a more than double in cost of work permit fees to take effect April 1st. It was shared in the House of Assembly today that last year, Labour Clearances earned about $200 thousand dollars more than projected and earnings on work permits, surged past its estimate making $4 million dollar above what government had expected. Recommended for you TCI Premier blasts Opposition side for “slop” information, sets it straight in HOA Related Items:chamber of commerce, ej saunders, house of assembly, work permit Minister of Works puts government buildings reconstruction post hurricanes at $8.6mlast_img read more


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first_imgBob Roe, who has been working as Newsweek’s interim global editor-in-chief, has been officially appointed to the role. Prior to his promotion, Roe served as the publication’s executive editor.Dope Media has announced George Jage (pictured) as chief executive officer, overseeing the company’s Dope title. Most recently, Jage served as president of Marijuana Business Daily. Additionally, Dope’s former CEO and founder David Tran will assume the title of chief brand officer, continuing to serve on the company’s board of directors.Keija Minor has stepped down as editor-in-chief of Brides after five years with the Condé Nast title, reports WWD.SourceMedia has named Rob Blackwell editor-in-chief of American Banker. He formerly served as the organization’s Washington bureau chief and editorial director of regulatory policy for SourceMedia’s Banking Group.Neil Brown has been named president of The Poynter Institute. He joins the organization from The Tampa Bay Times, formerly serving as editor and vice president, and worked at the newspaper for over 20 years.Michele Corriston has been hired as a staff editor at People.com, covering television. Most recently, Corriston served as a digital content producer for Sirius Xm Radio.PBS correspondent and veteran broadcast anchor Alison Stewart has joined The Atlantic‘s AtlanticLIVE business, where she’ll serve as “a frequent moderator for The Atlantic’s vast portfolio of events on a range of topics,” according to a release, including next month’s Washington Ideas summit.Men’s Journal has named Jeff Dengate articles editor. Dengate, formerly senior editor of the publication, most recently served as gear editor at Runner’s World.Katie Dupere has been appointed associate fashion and beauty editor at Bustle. She previously served as a social good reporter and intern for Mashable.Grace Rasmus has been named associate digital editor at Rachael Ray Every Day. Rasmus previously worked as an editorial assistant for the publication for about two years. Time Inc. has promoted Paul Martinez to executive creative director, where he will oversee and manage the company’s Travel + Leisure and Departures titles. Martinez has worked with the company for over a year as creative director for Fortune and Money, which he will continue to manage in addition to his new responsibilities.“I am thrilled to have Paul joining two of our iconic luxury titles,” said Nathan Lump, editorial director of Time Inc.’s luxury and lifestyle group in a statement. “Since coming to Time Inc., he has led an exciting and dynamic redesign of Fortune and, more recently, Money, injecting new energy into those storied brands.”“He is a master of this art, having redesigned, relaunched, and reimagined brands as diverse as Maxim, Men’s Journal, and Marie Claire, all as Creative Director, after starting his career with a successful tenure at GQ,” Lump adds. “And Paul is much more than a stellar thinker about magazines—his background includes website design, packaging, branding, and video direction, making him a true multimedia creative visionary.”Here are the rest of this week’s people on the move…last_img read more


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first_img 18 Photos Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? Comments Aug 31 • Best places to sell your used electronics in 2019 Huawei’s sold millions of phones like the P30, but it tempered expectations that it’ll overtake Samsung to become the world’s biggest vendor in 2019. Angela Lang/CNET Huawei is reportedly giving itself more time to overtake Samsung as the world’s biggest phone-seller.The scandal-scarred Chinese company took the No. 2 spot from Apple in the second quarter of 2018, and CEO Richard Yu previously said it aimed to become the world’s largest phone vendor by the end of 2019.Its chief strategy officer revised that goal in a speech Tuesday at the Consumer Electronics Show (CES) Asia, according to Reuters.”We would have become the largest in the fourth quarter [of this year] but now we feel that this process may take longer,” Shao Yang said in Shanghai. 9 1:28 Now playing: Watch this: Tags Huawei scales back production, AI destroys humans (again) Share your voice Huawei’s P30 looks like fantastic forbidden fruit Aug 31 • Your phone screen is gross. Here’s how to clean it • reading • Huawei says it’ll need more time to become world’s biggest phone seller Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors See All Phones He noted that Huawei is selling 500,000 to 600,000 smartphones a day. The company is likely tempering expectations for 2019 after President Donald Trump in May signed an executive order effectively banning Huawei from US communications networks, due to national security concerns about Huawei’s close relationship with the Chinese government. The US also urged its allies not to do business with Huawei despite the company’s consistent denials that its products are used for spying. Last week, its chairman said that Huawei is willing to sign a “no spy agreement” with the US.Huawei didn’t immediately respond to a request for comment.First published at 4:48 a.m. PT.Updated at 5:35 a.m. PT: Adds more detail. Apple Huawei Samsung Apple Donald Trumplast_img read more


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first_imgAnil Ambani-led Reliance Communications (RCom) on Monday announced that the fair trade regulator Competition Commission of India (CCI) the company’s acquisition of Russia-based Sistema’s Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL).In November 2015, RCom had announced its plans to acquire Sistema’s Indian telecom unit in an all-stock deal, which would then create an operator with over 118 million subscribers, Press Trust of India reported. SSTL, which operates under the MTS brand, is expected to hold 10 percent stake in RCom and will pay off its debt before the completion of the deal.”We wish to inform you that the CCI has approved transfer of telecommunications undertaking of Sistema Shyam Teleservices Ltd to the company,” RCom said in a regulatory filing with the Bombay Stock Exchange.This deal will give RCom access to the airwaves in the 850 MHz band, which will be used for fourth generation (4G) services and will start in the second half of 2016.RCom has assumed responsibility of the liability to pay instalments for SSTL’s spectrum to the Indian government. This is expected to amount to Rs 392 crore by 2026, the PTI report added.This merger would help RCom to “consolidate its position” ahead of the launch of Mukesh Ambani’s Reliance Jio 4G services in the second half of 2016.Shares of RCom closed at Rs 50.80 on Monday on the BSE, up 0.69 percent from its previous close.[1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]last_img read more


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first_imgThe women affairs secretary of Brahmanbaria’s Nabinagar upazila Awami League, Swapna Akhter, was killed by miscreants on Wednesday night.Police recovered her body from Bangara area in the upazila around 8:30pm, said Nabinagar circle additional police super Chitta Ranjan Paul, reports UNB.He said the female Awami League leader was returning home at Chairpara by a CNG-run auto-rickshaw after attending a party programme at Satmora.“We assumed that miscreants dragged her out of the CNG and chopped her indiscriminately.”On information, police went to the spot and took Swapna, 38, to hospital where physicians declared her dead on arrival, the police officer said.last_img


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first_img To embed this piece of audio in your site, please use this code: Listen Amy BishopSheldon Epps came onboard as Theater Under the Stars’ new Artistic Advisor in late April.It’s only been about six weeks since Sheldon Epps came onboard as Artistic Advisor for Theater Under the Stars, but he’s already making some bold changes. They’ve just announced that half of next season’s shows are being switched out.“One of the things that was a bit bothersome for me about the previously announced season was that there were shows on it that had not only been produced here but had been produced often and in recent memory,” Epps says, adding that his intent for the Houston-based musical theater company is to reach an audience that represents the area’s diversity. He’s replacing Grease with In the Heights, cutting Shrek and adding Into the Woods, and replacing Jesus Christ Superstar with Dreamgirls.But how will the subscribers – which number about 4,000 – feel about the changes?“I’m hoping that even though change is sometimes difficult to adjust to, that it’s change for the better and people will be happy about that,” he says.But for any subscribers who are not happy with the changes, TUTS says they’ll refund their money.Epps came into TUTS in the wake of what some have described as drama within the organization, which has undergone swift and unexpected leadership changes over the past few months.But Epps is more concerned with the future.“Frankly, my focus is not on what has occurred in the past, but where TUTS is going,” he says.The California native’s acting career began at the Alley Theater in Houston after college. For the past 20 years, he’s served as artistic director of the Pasadena Playhouse in California.He says another interest is creating a “Second Stage Series,” which would involve bringing in additional shows specifically for the Hobby Center’s smaller stage. The organization has not made an announcement of their plans for TUTS Underground, the company’s series known for its edgier, more contemporary productions. Epps says they’ll have more information for the public in early July. X Share 00:00 /02:00last_img read more


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first_img Journal information: Physical Review Letters , Physical Review X 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 Citation: Chiral zero sound found in Weyl semimetals (2019, June 26) retrieved 18 August 2019 from https://phys.org/news/2019-06-chiral-weyl-semimetals.html More information: Zhida Song et al. Hear the Sound of Weyl Fermions, Physical Review X (2019). DOI: 10.1103/PhysRevX.9.021053 . On Arxiv: https://arxiv.org/abs/1901.09926 The marriage of topology and magnetism in a Weyl systemcenter_img In a typical metal, electrons will move from a hot region to a cold one, carrying both heat and charge. In Weyl semimetals, however, the electrons near the Weyl points form quasiparticles that, in a magnetic field, can contribute to heat conduction without transporting charge [1, 2]. This charge-less transport arises because the contribution of charge from two pairs of Weyl points cancel each other out (inset). Credit: APS/Alan Stonebraker A pair of researchers at the Hong Kong University of Science and Technology has found that a chiral zero sound (CZS) effect can be induced in Weyl semimetals. In their paper published in the journal Physical Review Letters, Zhida Song and Xi Dai describe their experiments with Weyl semimetals and what they found. © 2019 Science X Network , arXiv Weyl semimetals have only recently been discovered, though they were predicted to exist in 1929 by Herman Weyl. They are topological materials in which electronic excitations exhibit massless behavior. Prior research has shown that fermions that adhere to Weyl’s theorem exist as quasiparticles in some solids—those that have electron energy bands that cross at points close to the Fermi energy. Notably, they behave differently than electrons in metals—they exhibit the chiral magnetic effect. This effect is observed when a Weyl metal is exposed to a magnetic field—a current is generated where positive and negative particles move in parallel and anti-parallel to the magnetic field. In such situations, the flow of current is zero because the particles cancel each other out. This changes, however, when the semimetal is placed in a parallel electric current resulting in a quasiparticle flow—an effect known as the chiral anomaly. In this new effort, Song and Dai have shown that the chiral magnetic effect can also lead to a phenomenon called the chiral zero sound (CZS), a newly discovered heat transport mechanism that can be seen in Weyl semimetals. Zero sound comes about due to vibrations, but it is carried by the momentum distribution of electrons when they exist near the Fermi Level. The study reports that they have existed all along, occurring when researchers place a Weyl semimetal in a magnetic field—now, the researchers have observed them in action. They report that the effect contributes to the thermal conductivity of such materials. They also note that its velocity can be modulated by altering the magnetic field. And they note that the effect can be measured using a variety of techniques, such as employing pump and probe. They describe their discovery as a “completely new sound mode carried by Weyl fermions under a magnetic field.”last_img read more


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first_imgSix persons, including two juveniles have been arrested by the Delhi Police for brutally killing a 35-year-old man after the victim indulged in an argument with two of the accused at a petrol pump in West Delhi on Wednesday night.The victim has been identified as Surender Singh, a resident of Mahavir Nagar area in Tilak Nagar and was once arrested in the year 2008 under the charges of murder. However, he was out of jail on bail. On Wednesday night, at around 10.30 pm, he went to the petrol pump on his scooty in Paschim Vihar. According to the police, when Singh reached the petrol pump, he had an argument with two men, later identified as Vinay and Md Khalid. They were riding on one motorcycle. A minor scuffle also took place between them but the petrol pump staff intervened to bring the situation under control.Singh then left the petrol pump and headed towards the District Centre. The duo followed him and also asked four of their friends, identified as Raja, Deepak and two juveniles, to reach District Centre at around 11.30 pm. All six accused, including the two juveniles thrashed him. In defence, he whipped out his knife but one of the men from the other group snatched away his knife and stabbed him to death, after which they fled.last_img read more


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first_imgThe Indian contingent added seven more medals, including five gold, to their kitty on day three of the 13th Asian Shooting Championship here on Thursday.This took India’s overall medal tally from the competition to 21. On the third day, Shainki Nagar won a gold with a score of 197 in youth’s 10m air pistol finals. Samarjit Singh won the bronze. The two combined with Mohit Gour to also win the team gold in the event, shooting a combined total of 1690 to beat the Korean team which shot a total of 1677 while Thailand team won the bronze with a score of 1629. Also Read – A league of his own!Sumedh Kumar bagged his third medal of the competition by winning a bronze in the 10M air pistol junior men’s event. He also won the team gold in the event combining with Hemendra Kushwaha and Achal Pratap Grewal after shooting a total score of 1706.In 50m rifle prone junior men’s event, Swapnil Kusale claimed the gold by shooting a score of 185.4. The silver was won by Qatar’s Mohammad Saad Almubarak and the bronze by Ce Wang of China.India also won the team gold in the event when Swapnil Kusale, Ishan Goel and Akhil Sheoran shot a combined total of 1839.4 to beat the teams from Korea and China.last_img read more


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first_imgThe Node.js team have announced new updates about their August 2018 releases. Per their blog, new versions for each of their supported lines will be released on, or shortly after, the 15th of August, 2018. These releases will address flaws of low severity mostly incorporating a number of security fixes and an upgraded version of OpenSSL. However, the Node.js 10 Current release will not be limited to only security-related updates, as per policy for non-LTS release lines. The releases will also include disclosure of details of the flaws addressed, allowing users to assess the severity of the impact on their own applications. Upgrades to OpenSSL There are two new upgrades to OpenSSL. OpenSSL 1.1.0i and 1.0.2p will be made available on the 14th of August, 2018. These releases will cover three low severity security fixes. Out of these three, two releases are relevant to Node.js users. Client DoS due to large DH parameter: During key agreement in a TLS handshake using a DH(E) based ciphersuite, a malicious server can send a very large prime value to the client. This will cause the client to spend an unreasonably long period of time generating a key, resulting in a hang until the client has finished. This could be exploited in a Denial Of Service attack. ECDSA key extraction via local side-channel: The OpenSSL RSA Key generation algorithm is vulnerable to a cache timing side channel attack. An attacker with sufficient access to mount cache timing attacks during the RSA key generation process could recover the private key. All versions of Node.js 6.x (LTS “Boron”) and 8.x (LTS “Carbon”) are impacted via OpenSSL 1.0.2. OpenSSL 1.1.0 impacts all versions of Node.js 10.x (Current). All OpenSSL fixes are available on the OpenSSL git repository. Security inclusions in Node.js Apart from OpenSSL upgrades, the August 2018 upgrades also feature security inclusions: Unintentional exposure of uninitialized memory Out of bounds (OOB) write All actively supported release lines of Node.js are impacted by these flaws. Additional inclusions In addition to OpenSSL and security upgrades, the following items are also included for LTS release lines: In inspector the bind address is changed from 0.0.0.0 to 127.0.0.1 so that the bind address can be overridden by the user. This upgrade impacts Node.js 6.x (LTS “Boron”) only. In test, keys/Makefile, are updated to clean and build all. This upgrade impacts the test suite for all actively supported release lines of Node.js. The announcement can be read at the Node.js Blog. You can also have a look at the current security policy. Read Next Node 10.0.0 released, packed with exciting new features Deploying Node apps on Google App Engine is now easy How is Node.js Changing Web Development?last_img read more


Tag: 上海千花网

first_imgShare22TweetShareEmail22 SharesMarch 13, 2016; Plain Dealer (Cleveland, OH)The latest installment of the Cleveland Plain Dealer series on lead poisoning raises more issues about the silence surrounding lead poisoning in the city. The article shows a grief-stricken father, Derrick Wade, kneeling over his child’s grave and describes how two Clevelanders who were chosen to present questions about lead poisoning in Cleveland were bumped from participation by CNN.From the article:Shamara Henderson was thrilled when she was tapped by CNN to pose a question to Hillary Clinton and Bernie Sanders about childhood lead poisoning at tonight’s Democratic presidential town hall in Columbus. But late Saturday, Henderson…said producers told her they cut her question, and her car service to Columbus, because of time constraints. CNN Producer Desiree Adib told a reporter Sunday the network ended up able to accept far fewer questions than anticipated.Funny that, huh? Just a week ago, CNN moderators were falling all over themselves to pit Bernie against Hillary over who could be tougher on Michigan Governor Rick Snyder for his lapse of judgment over poisoning children in Flint. But Snyder’s a Republican and fair game for the Democratic hopefuls. Harder to be critical of a Democrat at Cleveland City Hall…especially when you are campaigning for endorsements in the Ohio Primary. Maybe lead poisoning is an old issue? The New York Times didn’t think so when it wrote, “Flint Is in the News, but Lead Poisoning Is Even Worse in Cleveland.”But it’s hard for all the political leaders to ask hard questions right now in Cleveland. Earlier this month, the Plain Dealer reported on how the city tried to shift responsibility for thousands of unprocessed reports of lead poisoning onto the state and the federal government. After a meeting between city officials and Senator Sherrod Brown (D) where the city reported a need for more funds, the city didn’t offer a public statement. Maybe that’s because, according to state sources, “the city had failed to submit proper paperwork to be reimbursed up to $360,000 for inspections in homes where low-income children lived.” The article continues, “The city also lost out on lucrative U.S. Department of Housing and Urban Development grants to remediate homes with identified lead hazards after warnings for several years that it was not spending the federal millions fast enough.”There can be no question that the state has some real culpability, and that the governor, who stood by while his health department ignored Cleveland’s failure to follow up on reports of poisoned children, should be fair game for political accountability. As the Plain Dealer notes, “Ohio currently doesn’t allocate any state money to clean up lead hazards.” In fact, there was a movement this year to delete the unfunded line item from the Ohio budget so as to not call attention to the state’s failure to protect its own children. Oh, but Governor Kasich is a candidate for the Republican nomination for President, and regardless of the outcome of the primaries, he will be a host and a player in the Republican Convention being held in…wait for it…Cleveland this summer.Only the Plain Dealer seems ready to ask, “Who is responsible?” And even then, it only hints at the answers. Still, the reporters and editors who launched and maintain the Toxic Neglect series need to be at the top of the Pulitzer short list for 2015 and 2016.—Spencer WellsShare22TweetShareEmail22 Shareslast_img read more


Tag: 上海千花网

first_imgIn This Issue. *  Currencies lose their mojo after Draghi comments. *  Was Draghi greasing the tracks? *  Or just jawboning the euro lower? *  Pound to close out a positive week. And Now. Today’s A Pfennig For Your Thoughts. Draghi Throws The Euro Under A Bus! Good Day! . And a Happy Friday to one and all! Once again this morning, I have “morning sickness”. If I were a female I would either be concerned, or happy! But I’m not, so my “morning sickness” is a symptom of the cancer medicine I take twice a day. I usually take my first dose around 8 o’clock  in the morning, and the second one before I go to bed. Yesterday, about 10:30am I sat back at my desk, and said, “Hey, I feel pretty good! YAHOO!” But then I reached in my pocket for something, and realized I had not taken my medicine yet! No wonder I felt pretty good! UGH! Oh well, the price we pay, right? The price the euro paid yesterday for having a Central Bank President like Mario Draghi, was quite steep! Well. For  a while on Thursday morning, it appeared there would be no drama at the ECB meeting, and traders took their cue from that, and began pushing the euro higher and higher, and soon it looked like it would reach 1.40. But then the trap door was sprung underneath the euro by ECB President Draghi, in the press conference following the meeting.  Draghi must have been genuflecting when he saw the euro around 1.40, because he pulled out a big gun, and said, “The ECB is comfortable with acting in June if needed”.   Uh-Oh, there went the no drama, and the rise of the euro! Soon the euro was falling like a rock through the 1.39 handle it had held so strongly all week, and it was all because Mario Draghi decided to jawbone the currency lower. I’ve told you before that I don’t believe that the ECB is interested in participating in the currency wars. This jawboning was simply to knock some of the bloom off the rose (euro) and leave the markets with questions. Questions like: why June? And what does he plan to do? And hasn’t he seen the recent Eurozone data showing strength, albeit nascent, but strength nonetheless?  But he was not about to answer these questions. And the markets were left with no answers, and no reaction other than to mark down the euro, which is exactly what Draghi wanted! So, do you think that Draghi was just greasing the tracks for additional stimulus in June, or was he simply jawboning the currency lower to keep it from hitting 1.40?. (from all that I read leading up to the ECB meeting, most observers were falling in line with the thought that if the euro hit 1.40, that it could really gap up from there very quickly!) I’m of the opinion that he was simply jawboning the currency lower. and just like at previous meetings when the thought was so prevailing in the markets that he would do something, and he didn’t, the June meeting will play out the same way.  Shame we have to wait until June, but again, this is part of his ploy folks. He knows that if he puts June out there, that the euro will have difficulty finding a bid to take it higher again until the June meeting passes, without additional stimulus.  And then he can simply move the goal posts to say August. Eventually, the markets won’t play this game with him any longer, and will decide to take the euro to wherever they wish. And before all this jawboning, they wished to take it higher! While Rome burned (the euro fell in value) Aussie dollars (A$) played the fiddle. It was very strange to see, but the A$ held onto gains yesterday all the time the euro was getting sold. But this morning the A$ has given back a small amount of those gains. Yesterday it was reported that the Aussie labor picture was getting brighter, and that was all the A$ needed to get it in gear. For those of you keeping score at home, Aussie Employment for April rose 14,200 which was better than the expectations of a 8,800 gain. The Unemployment Rate remained unchanged at 5.8%… I know these numbers sound paltry compared to the U.S. or even the Eurozone, but you have to remember the difference in size of economies. Another currency that held their gains, is the Canadian dollar. Yesterday we saw some housing data from Canada, that showed that Canadian Housing Starts rebounded strongly in April rising by 24.4% VS April a year ago. That reversed the 17.9% drop in March, that brought the homebuilding sector to a 5-year low. So, this was good to see in Canada, and the Canadian dollar / loonie took its cue to rally from this data. And looking at the screens this morning, the loonie is still basking in the sun.. The Chinese renminbi / yuan got marked down again last night. Yesterday, I told you about how the latest Trade report was so good in China, and I think that the Chinese decided to let this be a lesson to traders and investors, that just because China prints good data, it doesn’t mean the renminbi / yuan will automatically see appreciation. So, next week, we should be back to normal. That is unless someone up high at the Peoples Bank of China (PBOC) reads the Pfennig! HA ! As If! The Norwegian krone got caught up in the euro selloff yesterday after the Draghi comments, but has tried to rectify that situation overnight, by eking out a rally. In fact, the krone is the best performing G10 currency overnight. Norway printed their April inflation report last night, and the fact that inflation surprised to the upside 2.5% Year on Year, really got the krone moving in the right direction. Norway’s Norges Bank has been wrestling with this inflation or deflation tug-o-war for over a year now, and although we have to be careful making calls on one month data reports, for now, it looks like inflation is winning this tug-o-war in Norway, and that will go a long way toward allowing the Norges Bank to push the rate cut calls to the side of the road, leaving rate hikes on the road all by themselves! Reserve Bank of New Zealand (RBNZ) Gov. Wheeler, followed up his whacking of the New Zealand dollar / kiwi, the night before with his “diss the currency stick” , with a speech on the housing market overnight. He didn’t get the “diss the currency stick” out this time, but the pain from the previous night was not forgotten in the markets, and kiwi was still searching for a bid this morning. Emerson, Lake and Palmer’s (ELP) great song, Lucky Man, is playing on the IPod right now, and it reminded me of a conversation I had with the radiologist last week when they took my scans. He asked me to go through my cancer history. I told him that in June 2007, I had my left kidney removed, and two weeks later I had my right femur and hip removed. Then In April 2010 I had my left eye removed, and then in Sept 2012, I almost had my right mandible removed, and that I had tumors in my jaw and chest right now.. He said, “Whew, you’ve been through a lot”.. I said, yes, they call me “Lucky”. Sorry for that long stray away from the task at hand, but as I’ve explained through the years, this is a stream of consciencenous in the morning, and sometimes that’s what you get! Well, Gold wasn’t able to withstand the euro selloff like the A$, and loonie did yesterday. Gold lost the $4 gain it had on the books before Draghi, and then some losing $3 on the day to $1,289. Recall yesterday I told you I thought the stories that Putin was pulling troops away from the border of Ukraine was B.S..  And those stories were responsible for Gold losing over $10 the previous day. Well, the story this morning is that Putin is “flexing his military muscle”. Not sure what that entails, but trust me, it can’t be good, but good for Gold. Unfortunately, Gold is flat this morning, so apparently the Gold guys returned to their rocks that they live under overnight. There’s been a plethora of data from the U.K. in the past two weeks, and most of it has been favorable to the Pound Sterling / pound.   Even with the selloff yesterday, alongside the euro, the pound will most likely end the week on a positive note. That’s a feather in the pound’s cap for sure! This morning, U.K. March output data was bang on with expectations, which should be supportive for the pound, today. Let’s see if the pound can shake off the euro drag, and eke out a gain today just for GP. Chris and Chuck were talking yesterday, which is a rarity these days, and we were talking about how for 5 years, all we’ve heard from clients is that they were looking for yield. and now that a country is out there hanging up yields like neon lights, no one is interested. Sure, it’s Brazil, and there are lots of reasons to shy away from the Brazil, but there’s one reason to put it into the speculative section of your investment portfolio, and that is. a 3 month real CD pays a “risk premium” in my opinion at 8% plus. So, you hold the currency and it goes on another losing streak, you have 8% in cushion before you begin to lose principal. But remember, I think that this should only be inserted in the speculative section of your investment portfolio. How creative! I just saw on one of our TV’s here in the Trading room that a driver got busted for using a Mannequin as his passenger in the HOV lane. I wonder how long he got away with that? But, you have to admit that’s creative! And one more sidebar thing today. I just saw that the guy that was the voice of “Tony The Tiger” died.  RIP. The U.S. Data Cupboard was searching for data yesterday and found the Weekly Initial Jobless Claims, which if you recall shot up big time two weeks ago, but yesterday, the dropped by quite a bit, proving that this data is volatile and shouldn’t be used as something to trade from. The Weekly Initial Jobless Claims fell to 319,000 from 345,000. The Bloomberg Consumer Comfort Index fell from 37.9 to 37.1. No biggie, just looking for something in the Data Cupboard!  There’s not much to look at today either, so the markets have to live with the Draghi comments all day, which means I doubt the euro will be able to mount much of a rebound today. Before I head to the Big Finish today. Peter Coyne of the Daily Reckoning (www.dailyreckoning.com) was talking about the economy yesterday and asked this question.. When you look at America do you see. Fat, bloated and unbearably indebted government that coddles certain business, industries and individuals at the expense of the rest of us schmos? A pasty-white, dying economy with just enough statistical rouge from government to fool people into thinking there’s a recovery? A top-down, marionette market where all prices look funny — like viewing the world through a heavily astigmatized person’s eyeglasses? Or do you see. A coming of age of wealth that surpasses anything you and I have ever seen before? I bet you can correctly guess which side of the coin I’m on, eh? But I wonder about everyone else, for if everyone else sees this the way I do, then our phones should be lighting up daily with investors looking to diversify further out of the dollar. And that certainly isn’t happening. So, if you feel this way, what are you waiting for? The Dollar Index was teetering on falling below 79 yesterday, a level it has not fallen below since this April of 2012. I’ve read that the great Richard Russell believes that if the Dollar Index falls below 78, then it’s all over but the singing for the dollar. Yes, we’ve got a ways to go, with the Dollar Index around 79.53 this morning, but like I said, before Draghi decided to throw the euro under the bus yesterday, the Dollar Index was preparing to fall below 79. For What It’s Worth. I looked long and it was difficult to find a worthwhile story to include here this morning, and then finally it flashed across the Bloomberg screen! A story that’s titled: 6 Dubious Yellenisms From The Fed Chair’s Testimony.  OK.. so, I don’t have time or room for all 6. but you can find them at this website: http://www.marketwatch.com/story/6-dubious-yellenisms-from-the-fed-chairs-testimony-2014-05-08?reflink=zacks OK. here are a couple of snippets from the story.  “Federal Reserve Chair Janet Yellen did a masterful job navigating the political shoals of the Joint Economic Committee yesterday. She told liberal Vermont Sen. Bernie Sanders (I-VT) that she shared his concern about the Koch brothers and inequality, and conservative Indiana Sen. Dan Coats (R-IN) that Congress needed to act soon to reduce long-term budget deficits. But her testimony, and the discussion that followed it, raised a host of serious questions about the role of the Federal Reserve in this sluggish economy. As Chair Kevin Brady (R-TX) told Yellen, her “don’t worry, be happy” monetary message might not work. From what I heard, there were at least six issues on which she spoke that made no sense. I’ll call them Yellenisms. Linked to inflation is the question of asset bubbles . Rep. Richard Hanna (R-NY) asked Yellen about Meltzer’s concern that seniors on fixed incomes are taking too much risk in the stock market because they can’t get a historic rate of return on their savings accounts. Yellen, in full “don’t worry, be happy” mode, sees no evidence of an asset bubble in equities. Plus, she highlighted the advantages for Americans of low mortgage rates that have served to increase the value of houses, Americans’ main asset. True, house prices have gone from underwater to back in the black, as she said. Is this another bubble, especially given the current softness in the housing market? It will take us another few quarters to be sure. Former Fed Chairman Alan Greenspan did not see asset bubbles, but they surfaced and popped anyway. The “don’t worry, be happy” message continued in Yellen’s comments about the limp 0.1% GDP growth rate in the first quarter, which she attributed to the weather . That implies that with the Fed’s 2014 GDP forecast growth rate at 2.8% to 3%, GDP growth should be above 3% for the rest of the calendar year. But if the weather is not to blame, this shows that our economic problems are more serious than she realizes. Don’t worry, be happy” also applied to the labor force participation rate , which appears to have stabilized at 62.8%, equivalent to levels in 1978. Answering questions from members, Yellen said that the declining rate is driven by retirements, even though young and middle-aged people are also working less. It is positive that the rate is no longer declining, that it appears to have stabilized, because that is consistent with an improving labor force. However, the labor force participation rate for people ages 25 to 54 is 80.8%, compared to 84.6% at its peak in January 1999. If the labor force participation rate were at 1999 levels, an additional 4.7 million people would be in the workforce.” Chuck again. I know, I know that was longish. sorry. but I thought all of the snippets were important, and I suggest you click on the link above to read the whole story, the writer highlights 6 things that didn’t make sense in the answers to questions at the testimony. But, the lawmakers accepted them. know why? Because they didn’t want to get into a saber rattling contest with Yellen. To recap. ECB President Mario Draghi pulled the rug from under the euro yesterday, saying that he felt comfortable adding stimulus measures at the June ECB meeting. The markets panicked and sold euros like funnel cakes at a state fair. Was Draghi greasing the tracks for additional stimulus, or was he jawboning the currency lower before it made the great leap to 1.40? Chuck thinks it the latter of the two, and therefore the euro selling has been overdone. Aussie and Canadian dollars held their gains on good data news yesterday, but A$’s have backed off a bit overnight. The Data Cupboard is bare again today, so the markets are left the sour taste of Draghi’s comments to trade on today, which means the euro won’t be able to rebound today. Currencies today 5/9/14. American Style: A$ .9370, kiwi .8640, C$ .9235, euro 1.3790, sterling 1.6880, Swiss $1.1320, . European Style: rand 10.3650, krone 5.8985, SEK 6.5385, forint 220.30, zloty 3.0335, koruna 19.8580, RUB 35.18, yen 101.75, sing 1.2490, HKD 7.7515, INR 60.00, China 6.1581, pesos 12.96, BRL 2.2140, Dollar Index 79.65, Oil $101.07, 10-year 2.60%, Silver $19.21, Platinum $1,432.00, Palladium $803.90, and Gold. $1,291.71. And it’s been some time since we took a peek at the Debt Clock, so should that be something you want to do, and I would if I were you to get you focused on how the dollar will respond eventually to these debt numbers, click here: http://www.usdebtclock.org/index.html That’s it for today, except a GREAT BIG SHOUT OUT to all the mothers out there! Sunday will be Mother’s Day, and a day that hits me like a ton a bricks each year since 1997. That was the year, on the final day of the year, that my mom passed away. She had fought MS for many years, and then when cancer was diagnosed, the two just didn’t allow her to live much longer.  So, when Mother’s Day comes around, I sit back and think about my mom and how she loved to sit in the basement while my band would practice, listening to us, giving us encouragement, we always knew we had at least one fan! I think about how every elementary school day I would come home from school for lunch, and it would be waiting for me, and about a million other things she did for me. And I was just one of 7 kids, of which we all received equal attention! One time, the school called and told my mom that I was not applying myself to a subject. (In those days, parents took the school’s word, and the kid heard about it when they got home!) She sat me down, and explained in no other terms that I was the oldest boy, therefore I would be responsible for taking care of the family should something happen to dad. She said, that I would be the one that would get to go to college, and then said, “don’t you want to be better than everyone else?”. Well, that straightened me out in a heartbeat! I then turned around to be a model student!  So, here’s a mental hug and kiss for you mom. Happy Mother’s Day! And Pfennig tradition has me including a Mother’s Day Poem today, so here you go. For all the times you gently picked me up, When I fell down, For all the times you tied my shoes And tucked me into bed, Or needed something But put me first instead. For everything we shared, The dreams, the laughter, And the tears, I love you with a “Special Love” That deepens every year. Chuck Butler President EverBank World Marketslast_img read more


Tag: 上海千花网

first_img Suspension of high-cost shafts or even entire mines; “True capitulation involves extremely high volume and sharp declines. It is usually indicated by panic selling. The word is a derived from a military term which means to surrender.”—Investopedia It appears the gold market, despite the occasional good day, has entered a phase of true capitulation. Gold has fallen 40% since its $1,921 high in September 2011. GDX, the gold miners’ ETF, is down a numbing 78%. Many gold stocks are now selling at their 2008 lows, with some back at their 2001 lows (and major miner Barrick Gold is now at its 1992 price). This will wreak havoc on the industry. If current price levels remain through the end of the year, we will see: More asset impairments and reserve reductions; Bank-required hedging on marginal assets; and Difficulty meeting debt payments; Reduction in credit ratings, and withdrawal of credit lines; Junior companies closing their doors. We are massively long, of course. But should we be? And does it make sense to hold when market fundamentals are crumbling so fast? Assuming you own companies that can survive a period of low prices, our answer is most definitely YES! Here’s why: Selling locks in losses. It also leaves most people too emotionally stunted and financially weak to reenter. It’s a mistake to let one’s emotions prompt the realization of unnecessary losses and a premature exit from the sector, especially when signs of capitulation indicate that the market is close to its bottom. Warren Buffett bought a stake in the Washington Post Company during the 1973-1974 bear market, an investment that increased tenfold a decade later. Reduced or eliminated dividends; This downtrend is unsustainable. Many producers are selling below their current all-in costs, and others are dangerously close to slipping into the red. According to CitiGroup, about 75% of gold mining operations are not profitable at sub-$1,200 gold. Unless 2.6 billion people in China and India suddenly change their minds about gold, something’s got to give.center_img We’re not alone. Both the US Mint and Royal Canadian Mint saw a surge in demand in late October. Silver Eagles are temporarily sold out. German dealers report a sharp increase in demand and expect to announce delivery delays. Russia’s September purchase was the biggest ever and greater than its own production. Demand in China and India continues unabated—current prices are “irresistible” for shoppers in both countries, says Standard Chartered. Further job cuts, especially in exploration; Marty Whitman, manager of the Third Avenue Value Fund, paid about 20 cents on the dollar for Kmart bonds bought before and after the company filed for bankruptcy protection in 2002. Needless to say, many investors considered him a fool, as it looked certain the company would fail. However, when Kmart emerged from bankruptcy and his bonds were exchanged for stock, those shares jumped higher by an order of magnitude before being taken over by Sears. Following the 9/11 attacks, airline industry sentiment reached abysmal lows. It took Boeing stock about a year to bottom. But those who did their research and acted boldly quadrupled their money on Boeing over the next five years. As we’ve outlined before, the gold market fell for roughly two years in the mid-1970s. Bearish sentiment pervaded, gold bugs were mocked, and chart patterns were negative. After bottoming on August 25, 1976, gold rose a staggering 721% by January 21, 1980, just three years and five months later. As you might surmise, Doug Casey made a fortune in gold stocks during this period, partly due to buying shares at the 1976 bottom. In each example above, investors made a fortune by buying when things were at their most pessimistic. Note that none of the successful investments above required the investor to know, or even guess, where the bottom of the market was. All they had to do was buy deeply undervalued assets when others would not. The current situation for gold stocks is similar. Multiyear low prices, extreme pessimism, panicked selling, scornful media… you get the picture. The “blood” may not be done flowing in the gold sector, but the opportunity emerging is similar to these extreme scenarios in history. Every investor keen on extraordinary gains should be prepared to capitalize on this opportunity. That’s exactly what I and many others at Casey Research are preparing to do. As Louis James likes to say, you don’t try to catch a falling safe; you let it smash and then pick up the treasures scattered about. It’s not easy, but that’s why there’s so much profit in it for those who have the cash and courage to follow through. As for the physical metal, in a world as chaotic and dangerous as ours, we’d argue that everyone should maintain a store of physical value under their direct control—one no government can inflate away. It’s only a matter of time before this game the central bankers and politicians are playing is up and a fuse is lit under the gold price. Owning gold is as important as ever, if not more so. And it’s on sale. On that subject… Get Three Months Free International Storage In the most recent issue of BIG GOLD, we arranged for three months of free international bullion storage at a low-cost facility in what is viewed as the top bullion storage jurisdiction in the world. The vault itself is widely considered to be one of the world’s top private vaulting services. This offer can strategically—and inexpensively—position you for the inevitable endgame. I suggest preparing for that now. Slow or no board approval for new development projects; Gold is the ultimate currency. It’s less about inflation vs. deflation and more about crisis—and the risk of multiple currency crises around the world is extremely elevated. Gold will respond in a massive way when that risk becomes reality. These and other factors are all valid reasons to hold on. But there’s another reason that may be the most exciting of all… How Do You Spell Capitulation? O-P-P-O-R-T-U-N-I-T-Y! The gold selloff has been so brutal that we’re now approaching a true “blood in the streets” moment. That phrase is widely attributed to Baron Rothschild, who made a fortune after the Battle of Waterloo against Napoleon. With the blood of dead soldiers literally staining the streets, he bought when almost no one in their right mind wanted to. We may not be quite there yet with gold, but we’re close. To get an idea of the kind of profits contrarians can earn under such circumstances, let’s look at five top examples from history… In 1939, while Hitler was invading Europe, John Templeton invested $100 in every stock trading below $1 on the New York and American stock exchanges. His portfolio was partly junk: of the 104 companies he would purchase, 34 were in bankruptcy. But four years later, his $10,400 investment was worth over $40,000.last_img read more