Tottenham boss plays down controversy

first_imgTottenham boss Mauricio Pochettino played down the angry scenes which blighted his team’s dramatic draw at Chelsea.The Blues’ comeback from 2-0 down to snatch a draw ended their rivals’ title chances and confirmed Leicester as champions.Pochettino broke up a first-half spat between Willian and Spurs’ Danny Rose near the touchline, and during a melee that followed Moussa Dembele appeared gouge Chelsea striker Diego Costa’s eyes.Nine Tottenham players were booked during the game at Stamford Bridge, where players as well as the managers and coaching staff of both teams were involved in an angry scuffle by the tunnel at the end of the match.“I think we were all involved. When you play for the title and you play big teams like Chelsea, they want to win,” Pochettino said.“There is nothing to say. It was normal emotion – fighting on the pitch, (but) maybe not a good example from both teams.“We want to win and sometimes a situation like tonight happens. Nothing to say. Nothing to blame.“You can see in every game in the last few days a lot of things happen because it’s the end of the season and there is emotion. We are human.”Pochettino insisted he did not see the incident involving Dembele and Costa.Asked further about the conduct of his players, he said: “I need to review the video. When you are on the touchline it is difficult to observe the situation.”See also:Sensational Chelsea comeback ends Spurs’ title hopesRanieri thanks Hiddink after Chelsea fightbackSpurs’ Dembele gets six-match ban for Costa clashFans on Twitter react to Hazard-inspired Chelsea comebackHiddink: Why Hazard did not deserve to start against SpursChelsea v Spurs player ratingsFollow West London Sport on TwitterFind us on Facebooklast_img read more

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Maps of South Africa

first_imgThe country and its provinces, regions, cities and suburbs. Tourist accommodation and recreation venues. Get the big picture – then zoom in and get the more detailed picture – with a range of interactive map websites.A collection of maps depicting South Africa. (Image: Htonl, via Wikimedia Commons, CC BY-SA 3.0)Brand South AfricaMany of them allow you to zoom in to street level and then print out the map to help you find your way once you’re on the road. Others provide links to hotels and guesthouses in the area you’re planning to visit to help you arrange your holiday accommodation.If you’re a resident, you can also use them to search for businesses close to your home.Yes, we know about Google Maps! But did you know there’s also.SA-Venues.com South Africa MapsRegional maps, street maps, maps of tourist attractions, game reserves, golf courses and more.Map Studio provides online interactive maps as well as maps for purchase, including street guides, street maps, wall maps, pocket mapsm, road maps, speciality atlases and books, road atlases, educational products, and globetrotter guides.EasyMap EasyInfo’s interactive map includes street search and city/town search facilities, and also covers neighbouring countries.South African ExplorerInteractive destination guide and map of tourist, accommodation and recreational activities in South Africa.InfoSight.comA useful guide if you plan to drive. Free registration gives you access to a handy map- based route planner. Search for a restaurant or make a guesthouse booking online.Southern Africa PlacesUses Google Maps to build tailored maps of South Africa. Interactive map to help you find accommodation, plus maps guiding visitors to wildlife places.Statistics South Africa Geography WebsiteGeography . statistically speaking. Features a range of mapping information, imagery and interactivity relating to population and other statistics.Environmental Affairs: Maps and MappingThe Department of Environmental Affairs offers a range of national and provincial maps of South Africa for print or download. These include maps of the country’s topography, biomes, catchment areas and more in various sizes and formats.South African Geographical Names SystemOffers an interactive macro-to-micro map showing official place names, metropolitan boundaries, national and main roads, dams and rivers. Includes a place-name and co- ordinates search facility.Planet GISMunicipal boundaries, layered place maps, roads. Order a DVD with images from NASA’s Landsat 7 Satellite coverage.University of Texas at AustinAn online collection of political, physical, historical and thematic maps of South Africa in pdf and image format, mostly produced by the US’s Central Intelligence Agency.Originally published April 2002Updated: 10 May 2012Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

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Cross-Platform Scaling: The Way Forward for Businesses on Blockchain

first_imgRuben is a blockchain security consultant currently living in New York City. He helps organizations fundamentally redesign experiences to create new sources of value also digitally reinventing company’s operations for greater efficiency. Tags:#Blockchain#the blockchain Related Posts Over the past 18 months, we have witnessed a significant shift in the state of the financial markets. Cryptocurrencies, once a niche fascination, have exploded in value. At the start of 2017, digital currencies held collective market cap of less than a $20 billion. They entered 2018 with a head-turning $850 billion market cap – one of the most impressive year-over-year expansions we’ve ever witnessed. Experts such as Tim Draper, the billionaire investor, have boldly predicted that the price of Bitcoin will soar to $250,000 in four years. Meanwhile, crypto startups are gaining traction like never before. However, while cryptocurrencies and their impressive prices attract most of the mainstream headlines, there is a growing awareness from industry experts and central governments that its underlying technology, the blockchain, is the foundation and biggest game changer of all.The Value of Blockchain As The New York Times recently wrote, “The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain.”In January, JP Morgan Chase CEO, Jamie Dimon, offered what was, for him, high praise of the technology when he described it as “real.” Putting it more romantically, Mckinsey and Co. describe the blockchain as the technology which could “revolutionize the world economy.”On March 9th, the president of China’s central bank, Zhou Xiaochuan, supported blockchain technology in his comments to the National People’s Congress. They closely aligned with statements from U.S. officials at the Securities and Exchange Commission.In an official statement on cryptocurrency and blockchain, SEC Chairman Jay Clayton noted, “The technology on which cryptocurrencies and ICOs are based may prove to be disruptive, transformative and efficiency enhancing. I am confident that developers in fintech will help facilitate capital formation and provide promising investment opportunities for institutional and Main Street investors alike.”That’s not to say that blockchain technology is ready to disrupt the world right now. It’s still a relatively new technology which requires continued development and maturation to be presentable as a commercial enterprise solution. For instance, research and consulting firm Deloitte, identified blockchain connectivity as a necessary and essential tech trend for this year. In a detailed report on the issue, Deloitte wrote, “With the proliferation of platforms and protocols in the marketplace today, no single solution has emerged as the clear winner.”In short, while blockchain technology is extremely competent, its disparate and disconnected networks don’t make for easy enterprise solutions just yet. Fortunately, progress is being made.Enabling Blockchain’s to Communicate With Each OtherSeveral initiatives are already underway to connect blockchains or adapt their functionality for businesses. Qtum, a Singapore-based blockchain initiative, connects Ethereum’s smart contracts and Bitcoin’s blockchain, bringing together the two most prominent blockchain technologies available today.Bitcoin, the preeminent and most valuable cryptocurrency, is the leading candidate for broad implementation, and Ethereum is a long-time favorite of enterprise initiatives.Using a proof-of-stake verification method, Qtum creates a system that’s adaptable and usable for broad business solutions. Because Qtum offers ready-made tools, companies can use its platform to integrate blockchain protocols, smart contracts and other features into their current business workflow. As a platform which doesn’t require programming skills, Qtum is an enterprise-level blockchain platform that allows for effective workflows and connectivity.With job postings in the cryptocurrency space on the rise, a lack of blockchain developers to fill these roles could prove to be a significant holdup for blockchain advancement and proliferation. Platforms like Qtum could be a boon to the industry.Another emerging platform is the ‘Overledger’ platform by Quant. It’s positioning itself as the ‘blockchain operating system of the future’ and is the first blockchain operating system facilitating the development of multi-chain applications. First and foremost, the platform aims to facilitate human-to-human and machine-to-machine trust, enabling them to transact with one another safely and securely. In addition, the Overledger platform plans to address many of the primary limitations of current blockchain technology that are limiting its true potential. One more example of this is the Hyperledger Quilt which is one of the Hyperledger projects hosted by The Linux Foundation. It is a Java implementation of the Interledger protocol (a protocol for making transactions across ledgers). The platform acts as a business blockchain tool that offers interoperability between ledger systems The purpose of the platform is to act as a connected ledger that makes it easier, cheaper, and faster to transfer value to users on different ledgers or networks.Other platforms like TenX are striving to connect blockchains by making the value derived from the various blockchains accessible on other chains as well. TenX uses a debit card payment system to make blockchain assets instantly spendable. By making things like digital currency or decentralized rewards more usable, TenX is improving the blockchain’s ability to function across different platforms.Enterprise integration will require close integration and reliable communication between the best and most capable blockchains.Changing the World With Blockchain The blockchain has broad use-cases for nearly every industry. In the finance industry, the blockchain provides a more secure, stable, and speedy payment system that can radically upend the current operation models. Selected as the ‘Global Bank of the Year’ in 2017, Santander recently launched an international payment service based on Ripple’s xCurrent.The opportunities don’t end there. From supply chain management to e-commerce, the possibilities are seemingly endless. In South Korea, you can now use cryptocurrency as a currency to buy products in over 6,000 stores. Perhaps even more excitingly is the news that Newegg Inc, the e-commerce website that is currently rivaling Amazon for sales in the technical equipment and electronics industry, has recently expanded its payment options to accept Bitcoin from its customers in Canada.However, the lack of communication between different blockchains still acts as a bottleneck that is slowing the growth of the industry. For significant progress to be made that allows blockchain technology to reach its full potential, the many different blockchains will need to easily be able to  connect to and communicate with one another.This is a high priority development, and platforms are already working to make it a reality. Qtum is bringing together the two most prominent blockchains, Bitcoin and Ethereum, while TenX is making blockchain assets usable in the real world. It’s a step in the right direction, and it’s the process that will result in the blockchain achieving its real value proposition.Revolutionizing the entire world economy would change the world as we know it. And the most exciting part is, blockchains could actually pull this off.  But first of all, they will need to be able to communicate and connect. Why IoT Apps are Eating Device Interfaces Blockchain – Impending Revolution in Glob… Follow the Puck Reuben Jackson What it Takes to Build a Highly Secure FinTech …last_img read more

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SEA Games: PH team stuns host Malaysia in women’s football

first_imgFlags of SEA Games countries raised at Athletes Village Letran Knights pull through for injured Ambohot View comments Read Next The Malditas will next face Vietnam on Thursday at 4:30 p.m. at University of Malaya. PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH00:59Sports venues to be ready in time for SEA Games00:50Trending Articles01:35Panelo suggests discounted SEA Games tickets for students02:49World-class track facilities installed at NCC for SEA Games03:04Filipino athletes share their expectations for 2019 SEA Games00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games The squad, which even lost striker Eva Madarang to injury, thus boosted its chances for a medal as the tournament uses a single-round points system format. LATEST STORIES Catriona Gray spends Thanksgiving by preparing meals for people with illnesses SEA Games in Calabarzon safe, secure – Solcom chiefcenter_img MOST READ Don’t miss out on the latest news and information. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Football – Women’s Team: #MAS 1-2 #PHI #KL2017 #RisingTogether pic.twitter.com/XXladDeP14— Kuala Lumpur 2017 (@KL2017) August 15, 2017KUALA LUMPUR — The Philippine women’s football team hacked out a 2-1 triumph over host Malaysia to start its Southeast Asian Games campaign late Tuesday night.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutPatricia Impenido and Camille Rodriguez scored for the Malditas to sandwich a Malaysia goal at UiTM Stadium.ADVERTISEMENT LOOK: Venues for 2019 SEA Games Man sworn in as lawyer by judge who sentenced him to prison as a teen 20 years ago Brace for potentially devastating typhoon approaching PH – NDRRMC UPLB exempted from SEA Games class suspensionlast_img read more

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CEO Switches Fields

first_imgHe is used to leading the sport of Touch Football, but it’s a nice change for Touch Football Australia’s Chief Executive Officer, Colm Maguire to be competing at the 2013 New South Wales State Cup. Maguire is representing the Jerrabomberra Storm Men’s 40’s team at the State Cup and is enjoying being able to compete in the sport that he loves. “It’s really good, it’s nice to just take a day, get back to the grassroots and enjoy playing and participating in sport, and I can’t lie, it’s not too bad not having any responsibility,” Maguire said. When Maguire and his young family started playing in the Jerrabomberra Touch Association’s competitions earlier in the year, little did he think he would be traveling to Port Macquarie as part of the Men’s 40’s team for the State Cup. But he was more than happy to help out the affiliate and put on the boots for the weekend. “I started playing at Jerrabomberra in the winter with quite a few friends and my little girl and just really started to enjoy the competition. When they said they were trying to put a 40’s Men’s team together, I hadn’t played for a while and loved the competition and loved the people playing there and all of the hard work they do so I thought if it helps them get a side together then I am in.”“I really enjoy it, it’s a small competition in the winter I think there was only eight teams but in summer they are running quite a few different competitions but the one I’m playing in, my little girl plays first and then we play in a mum and dads and kids comp, there’s only four teams but the kids enjoy it and it’s just a really good atmosphere.”When asked if his stint at the State Cup could turn into further representative honours, namely the 2015 World Cup, Maguire said he’s definitely happy to be off the field.  “I can tell you in the last 10 minutes of (my first) game I was feeling every bit my age so I’ll stick to running a successful World Cup and not running in a World Cup,” Maguire said. Related LinksCEO Switches Fieldslast_img read more

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a month agoInter Milan coach Conte: We must stay grounded

first_imgAbout the authorCarlos VolcanoShare the loveHave your say Inter Milan coach Conte: We must stay groundedby Carlos Volcanoa month agoSend to a friendShare the loveInter Milan coach Antonio Conte says they’re not getting carried away with their start to the season.Inter meet Lazio tonight.He said, “Tomorrow will be a very difficult match against a very strong team with a clear identity.“They’ve been protagonists in recent years and their Coppa Italia victory is a testament to the work done by the club and the Coach. For us, that’s more proof.“I see proclamations and easy situations. After only four games, we’re already talking about this and that.“I have the right experience to say that this was done deliberately to give us some stab wounds.“We’ll have to be good at keeping our feet on the ground because it won’t be easy. There are two teams: Napoli weren’t backed but are very strong.“Juventus are very, very strong. After that, we begin to consider the others, including Inter.” last_img read more

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In This Issue   Currencies eke out small gains

first_imgIn This Issue. *  Currencies eke out small gains. *  Eurozone AQR results on Sunday. *  Brazilian election on Sunday, finally! *  China’s Gold demand in 2013 reaches 2,199 tonnes! And Now. Today’s A Pfennig For Your Thoughts. A Good Data-Wise Week For China. Good Day!…  And a Happy Friday to one and all! What a grand evening at the EverBank Art Show and Open House last evening! WOW! I got to see lots of old friends, and meet some new ones! People would come up to me, and say, Hi Chuck, but I would have to look at their name tag to see who they were, and then they would explain to me that they are Pfennig Readers, and they feel like they knew me already. Pretty cool, eh? There’s another Ebola case, this time in N.Y. But for the most part, the hysteria over this virus, has calmed down a bit, and that’s good, because I was really beginning have the bejeebers scared out of me! The Currencies seem to be stuck in the mud again, as they really haven’t moved much, except kiwi, the past 3 days. The moves have been quite small, but at least they are positive moves. I can’t say that for Gold though. The headlines stories on Bloomberg suggest that Gold is suffering because investors are taking a positive view of the U.S. economy. Really? That’s all they can come up with? And IF investors are taking a positive view of the U.S. economy they certainly must be using those rose colored glasses the Gov’t keeps passing out. UGH! But that’s fine! You would think that lessons would have been learned a few times, but apparently, these investors don’t subscribe to the saying that lessons learned are like bridges burned, you only need to cross them but once. Hey! I just saw a thing on the TV, I didn’t catch all of it, but it was a report that showed that after 60, people should continue to have a drink or two to improve the memory. Well, let’s see, next March I’ll turn 60. But I’ve always subscribed to the Cliff Clavin theory that it’s like the slowest Buffalo thing. You know, the slowest Buffalo gets killed, and it makes the herd faster. You have a drinks and it kills off the slowest brain cells, making the rest of the cells smarter!  Well, that’s my story and I’m sticking to it! HA! Nothing like a little Cliff from Cheers on a Friday to start our day, especially since I was getting so hot and heavy right from the get-go this morning on stupid thoughts by investors. I hear that 3M,IBM, McDonalds, and quite a few other Big U.S. Businesses with overseas operations are feeling the sting of the dollar rally that we’ve seen going on for a couple of months now. Not that I give two hoots about Big Businesses and their earnings, but this dollar rally brings about a lot of problems. There are always unintended consequences of things, and this is one of the unintended consequences of having a dollar rally. Imagine the whining you would be subjected to hearing should the pundits that are calling for a multi-year rally in the dollar, have their wishes come true. YIKES! Alrighty then. Yesterday, I was asked by Chris Gaffney about the stress tests in the Eurozone, and I had read some reports on the subject, and made a comment that was baseless. UGH! You see, the reports, after going back and reading them again, were talking about “what ifs” and I didn’t catch that the first time. So, here’s what’s really going on for those of you keeping score at home. The Eurozone Bank Stress Tests called AQR (Asset Quality Review) results are going to be printed this Sunday, 10/26. I think the ECB picked this day in hopes that the AQR could get lost in the shuffle of a weekend, and the Brazilian election. Basically, I think that the AQR will be OK. The problem I see for the AQR and the euro is that IF the AQR shows a lot of rot on the Eurozone banks’ vines, the euro will get hurt, but IF the AQR is OK.. the euro won’t benefit from the OK results. The markets are simply set on the “hurt the euro” setting. I sure hope they don’t “set it and forget it”! HA! Speaking of stress tests. The Fed announced yesterday that they will examine how exposed the largest U.S. Banks are to “risky corporate borrowers” in their next stress test in 2015. I don’t think you should look at things that you don’t want to see. I think the Fed will not like what they see when they do that examination. But nothing is going to happen because of the findings. Nothing, absolutely Nothing, say it again! So, it’s all been about very tight ranges but remaining positive for the currencies since Wednesday this week, and it appears we’ll close the week in this trading pattern. Most of this has been because there’s been little to nothing in the U.S. Data Cupboard, and no news about the anything else. The Cable News Stations are dying right now, searching for news, which is always interesting when they start putting tractor pulls, and church sermons on the air.  We did have some economic data from China earlier in the week, but by now everyone has forgotten that China surprised on the upside of CPI, IP, PMI’s, and a couple of other prints. It was a good week for China and Global Growth, but as I just said, that’s in the rear view mirror now, except for dolts like me that keep dragging it out for everyone to see!  But I don’t want investors to forget about the strong data week from China.  Of course that didn’t help the renminbi / yuan, as the Chinese leaders decided to end the week with the currency weaker than when the week began. UGH! Leon Russell is singing: Back To the Island, right now. So I’m going to stop here, and be back in a minute. OK. I’m back now. check out these words. I hope you understand, I just had to go back to the island, and watch the sun go down, hear the sea roll in, But I’ll be thinking of you, and how things might have been. OK. Sorry for about that to all you that aren’t fans of Leon Russell, or my dragging out song lyrics in this letter. But, as I’ve always said, it’s my letter.  I know I made an exception of kiwi above when talking about the currencies being positive VS the dollar this week, but stuck in the mud. But, kiwi is attempting to rebound this morning. Kiwi had better do an impression of Paul Silas, and do some major rebounding to recover its losses this week, that came initially from the drop in N.Z. CPI (consumer inflation) but after that was strictly technical in nature, as certain points were hit and so on. But, at least the tourniquet has been wrapped around kiwi this morning. The latest polls show that a favorable outcome for incumbent Dilma Rousseff in Brazil. and that has the real on the skids again. This whole election process in Brazil has given me a rash, and I for one will be happy when it’s all over with. And I’m not just saying that because Rousseff keeps winning! I don’t like seeing the currency get all caught up in the goings on with the polls, voting and everything else. But it has, and brother, if Rousseff does win this  Sunday, as the polls suggest, I don’t want to come in and see what the real looks like on Monday morning! The only thing the real can hope for is that most of the selling has already taken place with the polls. you know a selling the rumor buying the fact scenario. But we won’t know until Monday gets here. The news from Singapore is a tale of two components that make up Industrial Production (IP). I’ve been telling you about how Singapore’s electronics production numbers were slipping each month, and Pharmaceuticals (Pharma) was offsetting the electronics decline.. Well, in September, we had a reversal of those two components, with Pharma falling sharply but being partially offset by recovery of electronics. Overall, IP fell -1.2% in Singapore, and I think that has a lot to do with the slowdown not only in Asia, but in the U.S.. You see, this is a very important component to what’s going on in the U.S. economy, folks. You have to connect the dots, or at least you don’t have to, you have to have me connect the dots! The Chinese renminbi/ yuan closed the week with a weakening of the currency, but last night’s weakening was very small. And with that small weakening, the Singapore dollar (S$) is weaker by a very small amount this morning. There are articles being written about how China has stated they that will not stimulate the economy this time around, but then you hear about the story I told you of earlier in the week about how China announced a $32 Billion injection into lenders. So, are they going to step in to even the economy out, or will they decide to stay out?  I think that if push comes to shove, and the Chinese GDP would begin to plunge, that the Gov’t would step in BIG TIME.  But how this all relates to the renminbi/ yuan, is anyone’s guess, as the Gov’t continues to manage the currency to no one’s call. I still think that in the end, the renminbi/ yuan will continue to book 3% gains per year. The Canadian dollar / loonie has been one of the better performing currencies VS the dollar this  week, along with the S. African rand. The Bank of Canada (BOC) left rates and their bias all unchanged this week, but that hasn’t stopped the loonie from pushing the currency appreciation envelope. I find this week’s moves in the loonie interesting, in that earlier in the week I read a report from a Canadian Bank that was talking about the “swoon in the loon”, and the report said that quite a few Canadian banks were calling for more weakness in the loonie. But that’s all based on the thought that the plunge in Oil prices could continue. As I’ve stated here twice this week, and now this makes 3. I don’t believe the plunge will continue at the same pace, and it could very well be over with. And I just mentioned it, but I can’t get out of here this week, without mentioning that the S. African rand will finish this week, that is unless all hell breaks loose in the currencies today, with the 3rd consecutive week of gains VS the dollar.. Yes, it’s been quite stealth-like, this move in the rand. And the news this week that the new budget was well received by the markets, really opened up Pandora’s Box of currency rallies for the rand.  This is where I normally step in and say that the rand is very volatile, and when it’s volatile bad, it’s really bad.  That has been a public service announcement. Gold is flat this morning, and lost a few bucks yesterday. I talked above about what the headline news are saying about Gold so I won’t go there again, and get my dander up on a Friday morning. I already started down that road, and had to resort to quoting Cliff from Cheers to stop me from throwing things and yelling at the walls. The thing that really gets me lathered up is the latest report from Koos Jansen. Let’s listen to Koos reporting on Bullionstar.com and Google+. “We now have official confirmation from the China Gold Association (CGA) that Chinese wholesale Gold demand in 2013 reached 2,199 tonnes, in contrast to what all Western consultancy firms and new outlets have been reporting.” – Koos Jansen.  WOW! That’s crazy man! Remember when we thought that China had really pushed the Gold demand envelope when it was first reported that their demand was 1,074 tonnes?  Well, in the end, it was more than twice that amount!  Hey, China isn’t just adding to its currency reserves by the boat load every year for the fun of it folks. There’s something going on here. I’ve told you over and over again that this dance is gonna be a drag, no wait! I’ve told you over and over again that I believe the Chinese and the Russians are going to back their currencies with Gold (at least some % of backing)  But, even if it’s a case of having the countries of the world come together at the table to show how much Gold they have, China will win. The 2014 figures will be interesting don’t you think? The U.S. Data Cupboard is back to not much to offer today, with only New Home Sales data to print.. Yesterday, the Initial Jobless Claims for last week rose by 17,000, the Leading Index rebounded in September from August’s 0% print, with a gain in September of .8%, but it’s been back and forth for this data every month, so we can’t get too excited about this one print, and the Markit U.S. PMI slipped to 56.2 from 57.5 the previous month. Still comfortably above the 50 level though. Before I head to the Big Finish today, I found this on Zerohedge.com and thought it hits the nail on the head, it’s a quote from Van Hoisington. “The U.S. economy continues to lose momentum despite the Federal Reserve’s use of conventional techniques and numerous experimental measures to spur growth. As Kindleberger clearly stated, the process of excess liquidity fueling higher prices in the face of faltering fundamentals can run for a long time, a phase Kindleberger called “overtrading”. But eventually, this gives way to “discredit”, when the discerning few see the discrepancy between prices and fundamentals. Eventually, discredit yields to “revulsion”, when the crowd understands the imbalance, and markets correct.” For What It’s Worth. Today this will be a combination of me, and Dave Gonigam of Agora’s “5 Minute Forecast” or just the “5” as I call it.  The other day Dave printed some very interesting stuff for people like me that have had cancer enter into their bodies. I’ll let Dave take if from here for a snippet  and then I’ll come back with my 2-cents. He’s talking with Stephan Petranek, the 5’s technology guy, talking about a cure for Cancer. yes that’s right a cure, not a treatment, a cure! “This new therapy is something else altogether. It works like this: Doctors take blood from a cancer patient and put it in an extremely high-tech version of a test tube. In the test tube, T cells are withdrawn from the blood and re-engineered so they can identify and attach to a specific kind of cancer that’s growing in that patient. “The new T cells are infused into the patient,” Stephen goes on, “where they multiply, proliferate and grow.” The process takes all of six days.” Chuck again. I can’t tell you how happy I was to read this info the other day. I’ve been waiting for something like this!  And yes, I know it’s only in trials right now, but so far, 13 dire straits cancer patients have been treated and 8 are in remission. and the other 5 have seen good results.  Now, how long will it be before the FDA approves this? To recap. The currencies seem to be stuck in the mud, but with positive gains, albeit very small this week. Hey! It’s better than a sharp stick in the eye!  Or an all-out dollar assault. which is about the same thing to me.  It’s been a good week data-wise for  China, but that’s been no panacea for the renminbi / yuan.  the U.S. Data Cupboard has been pretty void of good data this week, and today is no different. And gold can’t seem to find a bid again after pushing higher earlier in the week. Bloomberg says Gold gets shunned by investors who believe the U.S. economy is strong. Currencies today 10/24/14. American Style: A$ .8785, kiwi .7855, C$ .8925, euro 1.2660, sterling 1.6055, Swiss $1.0495, . European Style: rand 10.9590, krone 6.5870, SEK 7.2590 forint 243.65, zloty 3.3375, koruna 21.8690, RUB 41.95, yen 108, sing 1.2765, HKD 7.7575, INR 61.27, China 6.1467, pesos 13.55, BRL 2.4885, Dollar Index 85.75, Oil $81.36, 10-year 2.25%, Silver $17.28, Platinum $1,257.13, Palladium $786.66, and Gold. $1,233.98 That’s it for today.  It’s Friday! Yahoo! It sure was nice to see my colleagues gussied up yesterday for the Art Show. Everyone acted like they were surprised to see me return for the gala affair. Oh well, better to surprise than depress.  I got a kick out of talking to my old friend, that wily veteran, Jack Milner last night. We used to play on the Mark Twain Bank Softball team which really just meant that we sat on the hill after the game sharing stories and throwing back a couple of cold ones. I got home last night and turned on the Blues game, and Vancouver scored a goal, putting them ahead 2-1, and I thought, “oh I was bad luck” and so I turned it off and went to bed!  The World Series gets going again tonight in S.F. My beloved Missouri Tigers return to Columbia Mo. For Homecoming weekend at Mizzou.The whole Homecoming tradition started at Mizzou, so we’re famous for something! HA! I won’t make it this year, but I talked to at least two guys last night that were heading down tonight for the House Decs tour, and the game tomorrow. Wish I was going, it’s going to be a lovely day tomorrow! And with that. it’s time to get off this bus today, and wish you a Fantastico Friday!  Bye~ Chuck Butler President EverBank World Marketslast_img read more

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