President praises Cyprus Theatre Organization at awards ceremony

first_imgSpeaking last night at the Cyprus Theatre Awards ceremony, President Anastasiades spoke about a series of decisions and projects that have been made during the past five years to shape the cultural character of the country.He pointed out the collaboration and exchanges with the Hellenic Ministry of Culture, Cyprus’ participation in the theatrical events of Greece with a presence in Epidaurus festival and elsewhere and the education in Greece’s renowned Drama Schools.He also spoke about efforts and policies that encourage young people to participate and be co-creators in the cultural life of Cyprus.The President also praised Cyprus Theatre Organization (THOC) that through the strengthening of artistic relations between the Cyprus theater and other countries, as well as through its activities and initiatives contributed significantly in the promotion and recognition of the theater in Cyprus, thus enriching the cultural tradition and heritage of Cyprus.The Grand THOC Prize was awarded to Varnavas Kyriazis. Andreas Tselepos was given the award of the Creator of the Year and Elena Kotasvili was honoured with the New Creator of the Year Award.CNAYou May LikeCampusPal10 Most Useless University Degrees EverCampusPalUndoUniversityFoxLow Cost Movies That Made MillionsUniversityFoxUndoOnline Degree | Search AdsOnline Degree Programs: How to Tell the Good From the BadOnline Degree | Search AdsUndo Greece to overturn law that made universities no-go zone for policeUndoData is the new oil so watch out for mass mining – Netflix filmUndoClear winner in first round of Kition bishop voteUndoby Taboolaby Taboolalast_img read more

Roberts bill sees floor action bipartisan support in Michigan House

first_img17Sep Roberts bill sees floor action, bipartisan support in Michigan House Legislation authored by state Rep. Brett Roberts has made a significant step toward statewide approval after receiving bipartisan support, announced the Eaton Township lawmaker.House Bill 4604 removes bureaucratic barriers standing between farmers and the government. The measure will allow crop growers to make earth changes – such as underground pipe installation or tree stump removals – without a municipal permit.“I have been working very hard to ensure that this simple, realistic solution is applied in Michigan,” said Rep. Roberts, R-Eaton Township. “I was very happy to see that my colleagues saw the value in this proposed measure, as well.”HB 4604 – introduced by Rep. Roberts earlier this summer – received 66 votes, stemming from both sides of the aisle.“As a farmer myself, I know firsthand how frustrating it is when the government steps in between me and my everyday work,” Rep. Roberts said.HB 4604 now moves to the Senate for further consideration.### Categories: Roberts Newslast_img read more

Rep LaSata eager for 2018 after successful first year in office

first_img State Rep. Kim LaSata had a successful 2017, taking a lead role in state higher education funding while also supporting key legislation to help move Michigan forward.“We have had many successes over the past year, including improving our higher education system, and submitting legislation inspired by the citizens of southwest Michigan,” said LaSata, of Bainbridge Township. “This being my first year as state representative, I’m pleased with the strides we have made.”LaSata, chair of the House Appropriations Subcommittee on Higher Education, focused on providing for the future of Michigan’s college and university students with her 2017-18 budget recommendations. The approved plan helped stabilize tuition costs, gave Michigan’s 15 public universities a 2.3 percent funding increase, improved state offered scholarship programs, and added new reporting requirements for sexual assault incidents that occur on campus.She also helped increase funding for local school districts by closing a tax loophole to prevent out-of-state residents from improperly claiming property tax exemptions when they buy second homes in Michigan. The legislation, later signed into law, was introduced because certain property owners intentionally declare a homestead property tax exemption on their second home in Michigan, while at the same time claiming a similar exemption on their primary residence in another state. The money these property owners were receiving from the loophole will now be sent to our schools and local governments.LaSata, inspired by a July 2016 courtroom assault in Berrien County, also had legislation voted through the state House to increase penalties for assault and battery on courtroom personnel, such as judges, prosecutors, defense attorneys, court reporters and recorders. The increase in penalties will make our courtrooms safer and give the personnel the same protections as first responders that coordinate with the same type of assailants.And, as a lover of the outdoors, LaSata advanced a bill to streamline rules regulating Michigan’s Adopt-a-River and Adopt-a-Shoreline programs. This will make it easier for residents and organizations to clean up litter from the places they love and want to preserve.Other key advancements by the state House included:Advanced bipartisan legislation that ensures taxpayer access to public records by subjecting the governor and lieutenant governor to provisions of the Freedom of Information Act (FOIA) and creating the Legislative Open Records Act to provide more transparency in the House and Senate;Assisted local communities and counties by increasing revenue sharing in the 2017-18 budget with a 2.5 percent ($6.2 million) increase for cities, villages, and townships and a 1 percent increase for counties;Approved added funding for roads, which included a $450 million increase for the upcoming budget year to help address state transportation needs;Record investment in our educational system with an additional $27 million in K-12 per-pupil funding, equating to $25 more in funding per high school student;Increased funding for expanding skilled trades programs by approving $41 million for Going Pro, a Michigan Economic Development Council program.“I could not have asked for a better first year as state Representative,” LaSata said. “I am extremely proud of, not only my own accomplishments, but also of my colleagues for their diligence and tenacity to improve our state. With a new year, there are new challenges like auto insurance reform, updating our state’s tax code to recent federal changes, and improving workforce training programs and I am excited to pick up where I left off in 2017.”##### 16Jan Rep. LaSata eager for 2018 after successful first year in office Categories: LaSata News,Newslast_img read more

IRS Scrutinizes Hollywood Conservatives Nonprofit Organization

first_imgShareTweetShareEmail0 SharesJanuary 23, 2014; New York TimesConservatives in Hollywood are considered by many to be the exception rather than the rule, but they do exist. A group of approximately 1,500 have associated under the name “Friends of Abe” (referring to Abraham Lincoln) for almost a decade. Prominent members include actors Gary Sinise, Jon Voight, and Kelsey Grammer. Jeremy Boreing, executive director, states that the organization “has no political agenda” and that its purpose is “to create fellowship among like-minded individuals.”Two years ago, Friends of Abe applied for tax exemption as a public charity under Section 501(c)(3) of the Internal Revenue Code. The Times article notes that Friends of Abe is similar in nature to the liberal People for the American Way Foundation, founded by television producer Norman Lear, and several other charities founded to promote liberal causes and led by entertainment industry figures.The IRS has not yet decided on Friends of Abe, however. It has sent multiple requests for supplemental information to the organization, including a request for access to private areas of the nonprofit’s website, which included a membership roster. The IRS is also asking whether speeches and presentations by conservative politicians and political figures constitute impermissible political activity by a charity. Generally, 501(c)(3) regulations that “no substantial part” of a public charity’s activities may be political, and in no case may a 501(c)(3) engage in partisan campaign activity to support or oppose specific candidates. For example, a charity may hold a candidate forum, but all candidates must be invited and given an equal opportunity to participate in the forum.Is the IRS’s two-year (and still ongoing) process of reviewing Friends of Abe appropriate, or is it continuing evidence of the singling out of groups with politically conservative leanings for special scrutiny? Does having and promoting “fellowship of like-minded individuals” disqualify a nonprofit group from 501(c)(3) recognition, regardless of the purpose and activities of the group?This story reminds us that the IRS’s issues with conservative groups persist, and that they’re bigger and broader than 501(c)(4) “social welfare” organizations.—Michael WylandShareTweetShareEmail0 Shareslast_img read more

Ondemand software company Espial has appointed Ph

first_imgOn-demand software company Espial has appointed Philip Poulidis as its new vice-president of Smart TV.Poulidis will lead Espial’s Smart TV initiatives, enabling consumer electronics vendors to add TV web browsing, interactive TV content and applications, as well as over-the-top web video to devices such as connected TVs, Blu-ray players, gaming consoles, and digital media adapters.Poulidis joins from Morega Systems, a TV Everywhere solutions company that he co-founded in 2007.“I’m excited to join Espial to continue building upon our successes to date in the developing Smart TV market,” said Poulidis. “Espial has already secured major wins, a rapidly growing base of TV devices, and a rich application ecosystem that is built around Espial’s market leading HTML5 browser platform. The market for Smart TVs is expected to experience rapid growth as the majority of TVs become connected. Espial’s mix of customers and products place us in a unique position to capitalise on this opportunity.”last_img read more

YouTube has renewed its agreement with music strea

first_imgYouTube has renewed its agreement with music streaming site Vevo and YouTube’s owner Google has taken a stake in the business.Google has confirmed that it has taken a stake in the music streaming business, owned by Universal Music Group, Sony Music Entertainment and Abu Dhabi Media Group. According to reports in the Financial Times and Billboard, the stake is worth between US$40-50 million (€30-38 million), giving Google a stake of approximately 7%.Vevo will use the investment boost to expand its international presence as well as to invest in original content.Vevo’s previous contract with YouTube expired in April but it was granted a temporary extension while a commercial revenue-share deal was ironed out.last_img read more

Vivendis Brazilian telecom subsidiary GVT has for

first_imgVivendi’s Brazilian telecom subsidiary GVT has formed a partnership with EchoStar Technologies to create a pay TV joint venture in Brazil. The pair plan to create an entity that could be a major player in the competitive Brazilian pay TV market ahead of the World Cup in 2014 and the Olympic Games two years later. The joint venture will be controlled by GVT and will make use of the latter’s IP network as well as EchoStar’s expertise in satellite technology and video, and EchoStar’s licences in the country, to create a hybrid platform that will be delivered over the internet and via satellite.The agreement is subject to the pair reaching a definitive agreement and on regulatory authorisation.last_img read more

OTT technology provider PeerTV has integrated DVB

first_imgOTT technology provider PeerTV has integrated DVB-T2 connectivity to its standard set-top box, following its recent addition of voice control to its HEVC-compatible boxes.PeerTV said its DVB-T2 products are currently being tested by a number of potential customers interested in enabling their users to enjoy both OTT and terrestrial services from the same device.In addition to the DVB-T2 functionality, the PeerTV set-top box can stream video and audio content from IPTV channels, OTT video distribution, VoD stores, external USB hard drives and content stored on a home network.Israel-based PeerTV’s Android-based boxes provide a range of apps. The company has deployed devices to telcos looking to provide Pay TV services as well as operators providing ethnic content in a global, cross-border deployment.last_img read more

Telefónicas Movistar is launching a new flagship

first_imgTelefónica’s Movistar+ is launching a new flagship channel brand today. Canal #0, replacing the former Canal+.The channel, which will be available exclusively to Movistar+ customers, will launch at 20:30 local time today and will carry a mix of exclusive entertainment programming, series and factual programmes, produced by Telefónica.Canal #0, aimed at a general audience between 18 and 54 years old, will include a new flagship show Late Motiv, fewith interviews and humour, hosted by Andreu Buneafuente.Other shows on the channel will include Likes, Diario Vice and sports-focused show Movistar Arena.The launch of Canal #0 is Telefónica’s latest move to drive forward its dominance of the pay TV space. last week the company began offering free access to Mediapro’s beIN Sport channel to its Movistar Fusión+ customers, following its recent deal with the Catalan broadcaster.last_img read more

Georg Ramme Georg Ramme is to leave his management

first_imgGeorg RammeGeorg Ramme is to leave his management position at multichannel network Endemol Beyond, which is rebranding as Endemol Shine Beyond.Twitter Germany’s head of TV and talent, Michael Kollatschny, is taking Ramme’s role as managing director of Endemol Beyond Germany, while Endemol Shine group director of commercial and strategy Wim Ponnet adds Ramme’s duties as global MD of Endemol Beyond.Ramme will leave in May after a handover period after seven years with the company, initially at Endemol and later at the merged Endemol Shine Group.News of his exit came after Bonnie Pan was named president of Endemol Beyond USA in North America.These changes come as Endemol Beyond updates its name to reflect its position within the wider Endemol Shine Group. Going forwards, it will be known as Endemol Shine Beyond.Ramme said he was leaving to pursue his “entrepreneurial career in a new environment”. He had run Endemol Beyond Germany since 2012, and added the role of international MD two years later.In the latter post, he helped establish hubs in the US, UK, Italy, the Netherlands, Spain, Asia, Latin America and the central and eastern Europe region. He became global MD last year.Kollatschny takes up his post in Germany, and will be responsible for broadcaster and production company partnerships, and on-screen talent relationships.He joins Endemol Beyond Germany on May 1 and will report into Endemol Shine Germany CEO and Endemol Shine Northern Europe chairman Marcus Wolter.Kollatscnhy is no stranger to the company, having previously held several roles at Endemol Germany, including head of reality and documentaries and a comedy and light entertainment producer.He also founded his own prodco, Kollareuth Media, and has held roles at companies such as creaTV, Brainpool and Fernsehmacher.last_img read more

The BBC will livestream a Bollywoodflavoured ver

first_imgThe BBC will live-stream a Bollywood-flavoured version of Shakespeare play A Midsummer Night’s Dream later this week.The Shakespeare’s Globe production of the play will be streamed for free around the world – there is no geo-blocking in place – on the BBC’s Shakespeare Lives website.In the UK, viewers will also be able to watch the production live and delayed on the iPlayer catch-up service.On the night, the content will include a there will be a tour of the host theatre and behind the scenes footage and cast interviews.The live streaming is part of the wider Shakespeare Lives season put together to highlight the contemporary relevance of the Bard’s work.Cortina Butler, Director Shakespeare Lives, says: “We’re delighted to play a part in making it possible for a truly international audience to experience a magical, modern production from Shakespeare’s Globe.“Our unique digital partnership with the BBC and leading cultural organisations from the UK, has been a highlight of our year-long Shakespeare Lives programme.”Emma Rice, Artistic Director of Shakespeare’s Globe, says: “I’m thrilled that my first production at the Globe is being filmed by the BBC in this innovative and energetic way.”BBC Arts’ Head of Digital Development Peter Maniura says: “Theatre is all about the live experience and I’m delighted that the energy, brilliance and sheer fun of Emma Rice’s smash-hit production is going to reach the biggest possible audience globally throughthis live-stream. A fitting climax to our Shakespeare Lives Digital Festival.”The BBC’s Shakespeare Live digital platform will have hosted three live performances of the playwright’s work after this Sunday’s stream. It has also shown the Royal Shakespeare Company’s Richard II and Talawa Theatre’s King Lear.BBC commercial arm BBC Worldwide has also been selling Shakespeare Live content, with several European buyers confirmed.last_img read more

Mediaset has claimed that a letter received from V

first_imgMediaset has claimed that a letter received from Vivendi formally calling time on the interim management agreement between the pair implicitly recognises the validity of the April 8 contract struck by the French and Italian companies whereby Vivendi would have taken control of Mediaset Premium.The Italian broadcaster said that the October 18 letter officially notifying it of the end of the management deal was a belated attempt to prevent further damage to the pay TV business, which it said had been paralysed as a result of the uncertainty hanging over its fate.Mediaset has already filed a law-suit claiming damages of €50 million for every month starting from July 25, the date that Vivendi said publicly it did not intend to honour the contract on the grounds that an analysis of Mediaset Premium’s accounts carried out after the deal had uncovered new information about the company’s prospects.Mediaset’s owner Fininvest also sued Vivendi in a separate action for €570 million, which it said represented the decline in the value of Mediaset’s shares since the deal fell apart amid bitter public acrimony between the two former partners.According to Mediaset, Vivendi’s latest letter represents an admission of the validity of the April contract as it only communicated the termination of one of its component parts – article 5.1 – covering the interim management of the company.The latest twist in the saga follows a statement by Vivendi that it was abandoning any attempt to find an amicable solution to the conflict.Vivendi’s decision followed a legal move by Mediaset last week calling for the seizure of 3.5% of Vivendi’s stock. This is the stake in Vivendi that Mediaset says it was promised in exchange for an equal stake in Mediaset allocated to Vivendi as part of the same agreement that would have seen the French media giant take over Premium.last_img read more

European movie channel Eurochannel has launched in

first_imgEuropean movie channel Eurochannel has launched in Croatia on Telekom Austria-owned pay TV service Vip TV, part of Vipnet. Eurochannel is available in the operator’s basic package. All Eurochannel programs are presented with Croatian subtitles.Eurochannel is offering Vip TV subscribers a selection of 75 premium European movies and TV series to kick off the launch, the company said. In November, Croatian viewers will also ber able to view action series Strike Force.Gustavo Vainstein, Eurochannel’s CEO said: “As part of our constant expansion across Europe, we are thrilled to start offering Eurochannel in Croatia thanks to Vipnet. Now, all Croatians can enjoy the exclusive and premium movies and TV Series of Eurochannel in a Croatian localised version. We are also immensely proud to be the first broadcaster of Croatian production in foreign markets.”Nikola Francetic, head of content, media and broadcasting at Telekom Austria Group,said: “We are very proud to announce Eurochannel is now part of Vipnet’s new convergent ‘SVE’ Everything offer – for the first time offered and fully localised for the Croatian market. Vipnet, as a part of Telekom Austria Group, is focused on providing our subscribers the best of TV experience – and our cooperation with Eurochannel, the award winning worldwide leading European cinema TV channel, is uniquely suited to provide our subscribers with the best of entertainment.”last_img read more

Following the announcement that Scripps Networks h

first_imgFollowing the announcement that Scripps Networks has acquired a 50% stake in UKTV, Bob Baskerville spoke to Graham Pomphrey about what the deal means to the channel operator’s international strategy.When Scripps Networks announced that it had acquired UK cable operator Virgin Media’s 50% stake in UKTV, the joint venture channels business partly owned by BBC Worldwide, it sent out a clear message that the US-based channel operator means business in the UK, and further afield.According to Scripps’ international general manager Bob Baskerville, while the deal will see Scripps bringing its expertise in lifestyle programming to the table, the relationship with BBC Worldwide will give the company some “global clout” as it forges ahead with its international expansion plans.In Europe, the UK has been Scripps’s key market, where its Food Network channel is carried by every platform, bar Virgin Media. The fact that UKTV operates its own successful food channel, Good Food, is no concern to Baskerville, who says that if the US is anything to go by, the UK market is big enough for two food channels. “The ratings for both Food Network UK and Good Food shows that there is room for two food channels in that territory. In fact, a fair amount of the content that performs well on Good Food is from Scripps,” he says.In the US, the broadcaster operates two food channels, with the Cooking Channel (formerly Fine Living) sitting alongside the Food Network in its portfolio; its other channels being home-based networks HGTV and DIY, the Travel Channel and country music channel GAC.Internationally, food is proving to be a winning genre, something Baskerville puts down to the fact that everyone can relate to it, and its potential to touch areas including travel and competition. The Food Network has established a clear presence in the UK by offering predominantly US-produced programming. But over the next few months it will introduce its first locally-produced content, in the form of Andy Bates’ Street Food and Reza’s Indian Food Palaces. “We recognise that long term we need to build a channel that resonates on a more personal level with the people that live in that market and what matters to them in terms of their food.”The UK was an obvious starting point for Scripps’s European development due to the lack of a language barrier. It is now hoping to replicate the model of launching with original US content, building a presence and developing local productions across the rest of Europe, which is currently serviced by a regional Food Network feed. In total, the channel has a presence in 81 EMEA countries. “We’ve seen some great growth in the UK and would like to speed up the growth in other parts of Europe,” says Baskerville. “The market is tough but we have one of the strongest channel presences that you could have in terms of brand equity with the food network.”Aside from its tent-pole channel, Scripps has also launched lifestyle channel Fine Living Network in some European markets, despite the fact that it no longer airs the channel in the US. Domestically, says Baskerville, the channel was too broad for a TV market that prefers closely defined lifestyle genres, hence its rebrand as the Cooking Channel.Internationally, however, Scripps is using the channel brand to deliver a ‘best of’ line-up of programming from its various US channels. Baskerville says the subjective nature of the home genre means domestically produced programming may not resonate so well internationally. “It leads me to believe that there is a fair amount of domestically produced home and garden content that may not resonate as well globally as food content,” he says. But that’s not to say there isn’t anything of interest, “Aspirational and voyeuristic types of shows work all around the world,” he adds. “Fine Living can tap into the home category. It can be what we were reluctant to do in the US and that is to make it a little broader but still interesting. We can even add a bit of travel and even a bit of food. There is a lot of opportunity for it.” The channel is currently available in 59 countries in the EMEA region.Another brand Scripps is looking to launch internationally is the Travel Channel, which it acquired from Cox Communications almost two years ago. However, Baskerville and his team is taking a longer-term view and will not rush to market with a “half-baked” offering. “It took a long time to build the Food Network and that helped us make a relatively smooth transition in taking it to the UK. We’ll take a bit more time with the Travel Channel. Rest assured we are discussing it quite a bit,” says  Baskerville.last_img read more

CRIMINAL WANTED IN ENGLAND ARRESTED IN DERRY FOR D

first_img CRIMINAL WANTED IN ENGLAND ARRESTED IN DERRY FOR DRIVING OFFENCESDerryENGLISH POLICEPSNITACTICAL SUPPORT GROUP ShareTweet “The car was seized and the driver was arrested for the driving offences and is currently helping police with their enquires.”The speeding car is seized by TSG officers in DerryCRIMINAL WANTED IN ENGLAND ARRESTED IN DERRY FOR DRIVING OFFENCES was last modified: November 21st, 2016 by John2John2 Tags: TSG officer search car stopped for speeding in Foyle area of Derry last nightA SPEEDING driver landed himself in bother last night – on both sides of the Irish Sea.The PSNI said Tactical Support Group (TSG) on patrol in the city pulled in a driver for speeding.And when they ran his name through the police computer system they discovered there was a warrant outstanding for him in England. PSNI say: “TSG operating in the Foyle area detected this vehicle speeding on Foyle bridge and Culmore Road.“The vehicle was stopped by TSG.“After checks were carried out it was found that the car was travelling on false number plates, without an MOT, Insurance or Tax.“And there was a warrant for the male driver’s arrest outstanding from English police forces.last_img read more

Home NewsWatch Health Funding Awarded for Expan

first_imgHome NewsWatch Health Funding Awarded for Expanded School Mental Health Program in Wyoming County Twitter Google+ WYOMING COUNTY, WV (WOAY) – The West Virginia Department of Health and Human Resources (DHHR) Bureau for Behavioral Health has awarded a one-year grant totaling $80,000 to Southern Highlands Community Mental Health Center for two new Expanded School Mental Health (ESMH) sites in Wyoming County.Southern Highlands Community Mental Health Center located in Princeton, West Virginia currently has ESMH programs in McDowell and Mercer counties and will expand the program to Wyoming County.The ESMH program is provided through a partnership with DHHR’s Bureau for Behavioral Health, the West Virginia Department of Education and the Marshall University School Health Technical Assistance Center.  ESMH aims to develop and strengthen policies, practices, and services that promote learning and social-emotional well-being for all West Virginia youth through a collaborative process that engages schools, families, and community-based agencies. Expected student outcomes of this approach are reduced barriers to learning, improved academic performance, improved attendance, and improved school functioning/behavior.“The West Virginia ESMH program serves all students and emphasizes shared responsibility between schools and community mental health,” said Nancy Sullivan, Acting Commissioner of DHHR’s Bureau for Behavioral Health.  “The program aims to help every student achieve his or her full potential by providing the full continuum of prevention, early intervention, and treatment.” Linkedin Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at tbarker@woay.com Facebook Tumblr Pinterest Mail Previous PostBradshaw Leads After First Round of WV Open Next PostExit Closed During I-77 Construction HealthLocal NewsNewsWatchTop Stories Funding Awarded for Expanded School Mental Health Program in Wyoming County By Tyler BarkerJul 25, 2018, 21:46 pm 527 0 last_img read more

Next PostLarry Fitzgerald Speaks in Beckley

first_img Next PostLarry Fitzgerald Speaks in Beckley Mail Linkedin Pinterest Twitter Facebook Previous PostOhio teen zaps cop with stun gun to fulfill bucket-list wish Home Sports News Sports 1-29 Gino’s Pizza Top Five Plays of the Week Tumblr The playoffs for high school basketball are about a month away, and teams are jockeying for favorable seeding in the stretch run.  The result? Lots of great plays from the past seven days. Here’s a look back with the Gino’s Pizza Top Five Plays of the Week. SportsSports News 1-29 Gino’s Pizza Top Five Plays of the Week By Matt DigbyJan 30, 2017, 00:48 am 721 0 Google+ Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read Morelast_img read more

The Next Crisis Even with the largest bidder in

first_img The Next Crisis Even with the largest bidder in the world on their side, investors can still panic. That would mean a big drop in asset prices, high-profile bankruptcies, and a new crisis. Things move fast. The feds may step in with more QE buying, but they may be a dollar short and a day late. A 20% drop in stock prices is equal to a loss of about $5 trillion in the U.S. alone. The bond market is roughly twice the size of the stock market, so add a 20% drop there and you’re talking real money – a total loss of $15 trillion… which could easily happen in a few days. Now, imagine a drop similar to the 2008-09 plunge… In round numbers, equities lost 50%. Today, there’s about $60 trillion worth of stocks worldwide, so that would be a $30 trillion loss. If the bond market fell in sync, you’d be looking at another $60 trillion or so… or a total loss of market capital of $90 trillion. What would the feds do? Yes, they would buy stocks and bonds. But they would buy at market prices. Owners would still take big losses. And the feds wouldn’t stop there. We are now almost eight years into the central bank’s various “stimulus” programs; they have coincided with the weakest recovery on record. After taking account of inflation, incomes for most Americans are lower today than they were in 2007. Clearly, reducing the cost of credit doesn’t work – even with yields on roughly $13 trillion worth of bonds in negative territory. Fire Up the Whirlybirds So what’s next? When the next crisis hits, central bankers will rush back into their tool rooms and bring out something new. It will no doubt include “helicopter money.” This is the term economist Milton Friedman used to describe direct giveaways of newly minted money without any corresponding increase in the government’s budget deficit. Huge new infrastructure projects will be announced. Tax credits, tax cuts, minimum guarantee incomes – we don’t know what the feds will come up with. But watch out… With the carrot will come the sticks. The feds will impose measures to crack down on tax cheats, tighten the noose on black-market operators, and shut off funds to causes they don’t like. They’ll use their money helicopters to “drone” you. That is, they’ll make sure you do with your money as they please. Mr. Rogoff’s nutty suggestion to restrict cash could become law. Regards, – BREAKING: Steve Sjuggerud launches new product We just discovered a “backdoor” into the world’s most profitable technology stocks. Most people think you need to get in early to make huge gains in Silicon Valley… but there’s actually a much easier and much more predictable way. Learn more. — Recommended Linkscenter_img Don’t touch Gold until you see this A radical new method for gold investing could make you 5 TIMES more money than bullion… beginning with just 60 cents. Details here. Bill Editor’s note: The “War on Cash” is already in full swing… Italy, Spain, Mexico, and Russia have all banned large cash transactions. The European Central Bank just killed the €500 bill. Former U.S. Treasury Secretary Larry Summers wants the U.S. government to end the $100 bill. Eventually, governments want to eliminate all paper cash. In other words, they want to trap your money in the digital banking system. This will allow the government to track, control, and “tax” your money at will. Now, the average person won’t surrender their financial privacy without a fight. We expect millions of people to pull cash out of their bank account and put it into gold, the ultimate “underground currency.” This could send gold prices through the roof. If you don’t own gold already, we recommend you get started immediately. But first, we urge you to watch this presentation. It explains how to take advantage of a little-known “loophole” in the gold market. In short, we may have found the cheapest way to buy gold coins in America today. Click here to learn more. Editor’s note: Governments have tried anything and everything to stimulate the economy since 2008. They’ve cut interest rates hundreds of times. They’ve printed trillions of dollars. Some governments have even adopted “negative interest rates.” Dispatch readers know these radical measures have failed miserably. But that won’t stop the government from continuing to experiment during the next financial crisis. Today, Agora founder Bill Bonner reveals what the government could do when the next crisis hits. Unlike previous measures, this new policy could directly target the money in your wallet. [This essay was originally published on September 12, 2016, in Bill Bonner’s Diary.] OUZILLY, France – We came back from South America poorer but wiser. For the first time ever, we have had to face the reality of politics; up until now, it was never more than an abstract, theoretical matter. We read about the French Revolution, the Bolshevik Revolution, and the passage of Obamacare. We knew politics was corrupt and repulsive. But except for a brief stint on the board of governors of our local church, we had nothing to do with it. Now the wolf is in our own backyard… so close that we can smell its hot breath and hear the clicking of its pearly teeth as it snaps at our heels. More as it develops… Criminalizing Cash But wait… money sometimes goes “full politics,” too. Take poor Kenneth Rogoff at Harvard. He wants a dollar with a voter registration card, a U.S. flag on its windshield, and a handgun in its belt – the kind of money that supports the Establishment and votes for Hillary. Writing last month in the Wall Street Journal under the headline, “The Sinister Side of Cash,” he noted that “paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism.” Of course, large notes do make it easier for criminals to operate. Like cellphones. And sunglasses. And automobiles with air-conditioning. But that’s what money is supposed to do: make it easier for an economy to function. You use it as you please. Yes, dear reader, we are back to our regular beat. Money. But what’s this? Finally, we’re beginning to see some action. You’ll recall that the markets have been eerily quiet… with less movement in stocks than we’ve seen in the last 100 years. What gives? Perhaps it was the calm before the storm. The Dow fell nearly 400 points on Friday. We don’t know. It could be the calm before the storm. Or it could be the calm before more calm. How It All Ends There’s something fundamentally tranquilizing about having a central bank that gives out the word that it’s got your back. The Bank of Japan is buying bonds AND stocks (by way of exchange-traded funds)… pushing up prices for both. Under its €1.7 trillion ($1.9 trillion) QE program, the European Central Bank bought so many government bonds, it ran out of new bonds to buy. So, this summer, it added corporate bonds to its shopping list. According to Reuters, it will soon run out of corporate bonds, too. Then it will have to follow the Bank of Japan’s lead… and wade into the stock market… if it wants to keep its QE program going. And in the U.S., the Yellen Fed continues to jive and diddle… teasing investors with the threat of “normalizing” interest rates, but having neither the desire nor the fortitude to act. We’ve been wondering how it ends. Bear markets are facts of life. But if the central bank has set its face to stopping them, then what? Central banks – in the current system – can create unlimited amounts of fake money. They can use this money to buy real financial assets. Theoretically, they could buy all the world’s stocks and bonds. And theoretically, they can leave the feds with almost complete ownership of the planet’s capital. The rich get richer (selling their assets to the feds at inflated prices). The poor get poorer (as the misallocation of capital increases… price signals are distorted… and real wealth is wasted). What goes wrong? Everything. As in politics, the gap between theory and practice is as wide as the Sargasso Sea.last_img read more

Not only is Giannis Antetokounmpo the best interna

first_imgNot only is Giannis Antetokounmpo the best international in the NBA according to the annual survey conducted among NBA General Managers, but he was also voted as the second most versatile player in the league!These are some seriously stunning results, also considering what kind of players did Giannis left below him in both categories.Established stars like Dirk Nowitzki or Pau Gasol are just third and fifth in the voting regarding the best international player while the “Greek Freak” has managed to even surpass Marc Gasol. Who is the best international player in the NBA?1. Giannis Antetokounmpo, Milwaukee – 27.6%2. Marc Gasol, Memphis – 24.1%3. Dirk Nowitzki, Dallas – 22.4%4. Kristaps Porzingis, New York – 12.1%5. Pau Gasol, San Antonio – 6.9%Also receiving votes: Rudy Gobert, Utah; Andrew Wiggins, MinnesotaLast year: Marc Gasol – 62.1%When it comes to which player carries the heaviest amounts of versatility in his game, Giannis Antetokounmpo was voted above 2015 NBA Champion Draymond Green and 2014 Finals MVP Kwahi Leonard.Who is the most versatile player in the NBA?1. LeBron James, Cleveland – 75.0%2. Giannis Antetokounmpo, Milwaukee – 10.0%3. Draymond Green, Golden State – 8.3%Also receiving votes: Kevin Durant, Golden State; Kawhi Leonard, San AntonioLast year: N/ASource: EurohoopsTweetPinShare0 Shareslast_img read more

TAMPERE Finland – Greeces Antonios Merlos and Me

first_imgTAMPERE, Finland – Greece’s Antonios Merlos and Mexico’s Roberto Vilches won joint gold medal after they both cleared 2.23m in the final of the men’s high jump of the IAFF World U20 Championship, in Tampere, Finland.TweetPinShare0 Shareslast_img