Nunavuts jails extremely unsafe for inmates and staff Auditor General

first_imgThe territory has also failed to adequately monitor land camps where inmates are taken out of the prison for cultural activity outdoors. There are five camps operating in Nunavut at an annual cost of $1 million. The audit states that “the program was not well monitored by the Department.”Case management faced criticism from federal auditors which reviewed 39 different inmate files. Iqaluit’s Uttaqivik Community residential house – a halfway house for low security inmates – received praised, but the Baffin Correctional Centre and the new Rankin Inlet Healing Facility did not.“Serious case management deficiencies at Baffin Correctional Centre and Rankin Inlet Healing facility limit the Department’s efforts to rehabilitate inmates and prepare them for release back to the community, “ said Campbell.At the Baffin jail none of the 21 files auditors examined had any indication they were monitoring an inmate’s progress, and only one of the 21 had a plan for the inmates release.The 44-page report contains 17 recommendations.Nunavut’s Department of Justice agreed with all the recommendations, including improving care of maximum-security inmates, using data collected by territorial officials, providing more oversight for staff and improving case management for inmates.The report was tabled Tuesday in the Nunavut Legislative Assembly.kdriscoll@aptn.ca@KentDriscoll Kent Driscoll APTN National News IQALUIT– Nunavut’s jails are unsafe, lack maximum security facilities and completely lack rehabilitation programs that would help inmates return to society, according to a report from the Auditor General of Canada released Tuesday.The report found that Nunavut’s jails are overcrowded and getting worse, that inmates are offered little if any services and that jail staff are not trained with basics such as first aid or the proper use of force.“Our audit concluded that the (Nunavut) Department of Justice has not met key responsibilities for inmates within the correctional system,” said Assistant Auditor-General Ronnie Campbell. “The safety and security of staff and inmates at the Baffin Correctional Centre and the Rankin Inlet Healing Facility are at risk”Some of the report’s findings were so severe that the federal auditor general’s office reached out to Nunavut Corrections prior to the release of the audit for safety reasons.“We also found that evacuation drills were not being conducted at either facility… we sent a letter to the acting deputy minister of The Department of Justice during the audit to advise her of this,” said Campbell.The audit found that despite the high number of crimes committed in Nunavut connected to substance abuse, “there is no substance abuse treatment centre” operating in Nunavut.“It is especially important for inmates to have access to the programs and support they need in custody,” said the audit.The audit found there were no substance abuse programs offered at the Baffin Correctional Centre for seven months in 2012 and the program as offered only twice between January and September 2014.A total of 98 per cent of male adult inmates in the territory are Inuit and their average age is 32, the audit found. Yet the Inuit traditional values, known as Inuit Qaujimajatuqangit and which are written into Nunavut’s justice system, are not applied inside the territory’s jails.“The directives contain little guidance on how Inuit Qaujimajatuqangit can be incorporated into other aspects of the corrections system,” reads the audit.The audit found that Nunavut’s mental health issues also extend into the territory’s prisons, but the corrections department employs only one psychologist.“Without mental health services, inmates rehabilitation efforts can be limited as the issues underlying criminal behaviour were not being addressed,” said the audit.Jail guards and staff are also woefully undertrained, the audit found, which many not having mandatory training in “first-aid, mental health issues, the criminal justice system or the proper use of force.”The audit also found that correctional employees increased their income by 20 per cent by working overtime. At the Baffin Correctional Centre alone, 16 front-line workers increased their annual salary by 50 per cent. Within that 50 per cent group, five staff members saw their pay rise by more than 90 per cent.The audit found that inmates were being sent to segregation without the authorization of the warden, as is required. The report found that the warden authorized only one of 14 segregation cases studied by auditors.  The report found that routine reviews and observations of inmates in segregation were also ignored.last_img read more

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Canadian Tire fourthquarter profit and revenue rise above estimates

first_imgCanadian Tire Corp., Ltd. plans to acquire more brands into its fold this year, the company said as its fourth-quarter results topped expectations.“Smaller brand acquisitions offer us the opportunity to generate a lot of value,” said Allan MacDonald, executive vice-president of retail, during a conference call with analysts.In January, the company completed transactions to acquire two new brands, he said. The company confirmed Wednesday its division INA International Ltd. acquired Sher-Wood Athletics Group Inc.’s global hockey trademarks and related inventory of hockey gear and hockey-licensed products for an undisclosed price.“As opportunities arise, we will be completing acquisitions,” MacDonald said, adding the company will set more aggressive targets and introduce more own brands to its banners.The company is looking for companies that are not only relevant in the business Canadian Tire is in today, but also where it wants to take the business in the future.Availability is a key factor, he said.“When you sift through brands that are available for sale, that haven’t been sort of cut up and licenses you know divided by category or by country. There’s not as much out of there as we would like,” he said.MacDonald said Canadian Tire’s done a good job building a framework for how to handle acquisitions.“I’m really encouraged that we can pick up some velocity in here and go a little faster as the brands become available. And we’re working really hard to make that happen.”His comments came as Canadian Tire reported its fourth-quarter profit and sales grew compared with a year ago during the crucial holiday shopping season.Canadian Tire earned a profit attributable to shareholders of $275.7 million or $4.10 per diluted share, compared to $246.8 million or $3.46 per diluted share in the same quarter a year earlier.Analysts on average had expected a profit of $3.80 per share and revenue of $3.75 billion, according to Thomson Reuters.Actual revenue totalled $3.96 billion, up from $3.64 billion as same-store sales — a key retail metric for sales of existing stores — gained momentum across its banners.Same-store sales at Canadian Tire were up 3.5 per cent, while its Mark’s clothing stores saw same-store sales gain 3.4 per cent. FGL Sports, which includes the Sport Chek banner, saw same-store sales increase 5.8 per cent.“The favourable winter weather and the strong economic growth provided a welcome boost to our performance,” MacDonald said.Analyst Irene Nattel said the company’s strong results are a “direct result of initiatives implemented by management around assortment, promotional activity and sourcing terms/efficiency initiatives.”The company has invested hundreds of millions of dollars in innovation over the past few years, even as many other brick-and-mortar retailers struggle to compete with the rise of e-commerce.That includes renovating existing stores to be more interactive and incorporating virtual reality for customers to test out how tires feel in different driving conditions.Shares in the company rose 6.55 per cent to $174.48 just before close Thursday on the Toronto Stock Exchange.Companies in this story: (TSX:CTC.A)last_img read more

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The Odds Youll Fill Out A Perfect Bracket

5621,245,078,766 2481,943,573 ROUNDCUMULATIVE GAMESCUMULATIVE ODDS (1 IN …) 6632,150,573,838 So the odds against a perfect first round — or even a flawless Sweet 16 — aren’t astronomical, as far as these kinds of things go. Still, a perfect bracket, the crown jewel of March Madness picking, will probably remain out of reach for another year, doomed behind a wall of probabilities that multiply themselves into oblivion.For those curious, here’s what our model says the cumulative odds are of making it through each round of the 2017 NCAA men’s tournament with a perfect bracket intact: Right now, at this very moment, your bracket is unblemished, and it seems so clear how it will stay that way: This upset is so obvious, and that top seed is definitely making it to the Final Four. You’ve done your research, and 2017 is the year it will all pay off. Forget winning the office pool — you’re destined for a perfect run of picks.If you’re really lucky, that feeling will last about halfway through the first day of games of the men’s tournament, on Thursday.Even one full day of perfection would be a big accomplishment. When we looked at actual results from ESPN’s Tournament Challenge back in 2015,1Excluding the play-in games, which take place before the contest’s picks are finalized. only 273 of the 11.6 million brackets that were filled out for the contest escaped the tourney’s first day unscathed. Making it through six rounds’ worth of picks without a miscue is all but impossible.Putting an exact number on the odds of a perfect bracket, though, is a fun exercise. The oft-quoted number — 1 in 9.2 quintillion — is derived from treating all 63 games like coin flips, which doesn’t make a lot of sense, because that’s not how most people make their selections. But even if you use a more sophisticated picking method — like, say, FiveThirtyEight’s March Madness predictions — the chances of perfection are still in the neighborhood of 1 in 2 billion, depending on the year. Odds that the FiveThirtyEight model’s initial picks are perfect, by round 1323,426 No wonder Warren Buffett discontinued his $1 billion perfect-bracket contest back in 2015.Buffett did make things a bit easier in his follow-up contest, which pays $1 million a year for life to any Berkshire Hathaway employee who correctly picks the entire Sweet 16. According to the FiveThirtyEight model, the odds of doing that this year are only about 1 in 1.9 million. (Two years ago, they were about 1 in 3.4 million.) Buffett also promised a cool million to any worker who picked all 32 first-round games correctly. Our model sets the odds for that at about 1 in 3,500 this year, which is surprisingly reasonable. (For comparison’s sake, the odds were 1 in 10,000 two years ago.)VIDEO: A No. 16 seed will win, but don’t bet on it 460328,660,947 35647,043,011 read more

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Valbuena admitted he was sad after his France exit

first_imgMathieu Valbuena hasn’t played for the France national team since 2015 and he is not likely to play for it ever again – and he admitted that it hurt him a lot after he was not allowed to continue.The former Marseille player was left out of France squad after having been a victim of so-called Benzema’s blackmailing plot against him and he hasn’t returned since then – which was difficult for him at the beginning.The former France international spoke about these times as he said, according to Sports Keeda:“I was very affected by what happened with France. I was discarded overnight. I did not have five caps but 52.”Opinion: Neymar will earn respect back from the PSG fans Tomás Pavel Ibarra Meda – September 14, 2019 After completing his incredible return to Parc des Princes, we predict that Neymar will earn the respect back from PSG supporters.The situation between Neymar…“Today, it’s behind me, it’s no longer a problem. But I had hoped for a different ending.”“It would be nice to lift the trophy 20 years after the victory of 1998.”“In any case, I can assure you that the preparation matches have nothing to do with World Cup matches.“I know that players will ramp up during the competition and raise their level. I’m not worried about that.”last_img read more

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La Liga players not happy about North American match

first_imgThe Spanish Footballers Association disagrees with taking one official match to the United States and believes La Liga doesn’t think about the playersAfter news broke out about the plans for at least one La Liga official match to be played in the United States, opinions were divided.To some, this was a logical way of promoting the Spanish brand on the global stage.Meanwhile, to others, it was a rude way of slapping regular season fans on the face.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.But on Thursday night, the Spanish Football Association (AFE in Spanish) released an official statement as was reported by The Sports Man.“As per usual, LaLiga has dispensed with the opinions of the players and has undertaken actions that only benefit them, regardless of the health or risks to the players,” the press release said.“And even less the feelings of the following masses of the clubs who are being “forced” to compete in North America once a season.”“Faced with such manifest arbitrariness, David Aganzo, president of the Spanish Footballers Association (AFE), has made his complaint public and points out that footballers are not currency, that can be used in business to only benefit third parties. United we are stronger.”last_img read more

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Suarez understands why Barcelona looks for his substitute

first_imgUruguay striker Luis Suarez, spoke to a radio show from his country about FC Barcelona’s urge to find a replacement for him in the future.As we wrote recently in Ronaldo.com, Luis Suarez is not getting any younger and FC Barcelona is already looking for his replacement.The Uruguay international hadn’t spoken publicly about this possibility but he finally did it during a radio show from his country, it’s not surprising to hear him talking about how logical this is because he will eventually lower his level of performance and the club needs to be ready for the time that happens.There still hasn’t been any clear information about the players that the Catalan club is looking to replace him, but they will have an extremely difficult job because Luis has been one of the best transfers the club has done in recent years.Before Luis, the club had a very significant problem with finding a proper center-forward because of how monopolizing Lionel Messi’s presence was up front.The Argentine needed a truly great striker in order to feel more comfortable playing as a winger or behind the strikers, Leo was finally able to breathe easier when Luis arrived because he knew that the goals were a certainty with him around.Since he arrived in the Catalan club back in 2014, Luis Suarez has already scored an impressive 160 goals and has proved that he is the perfect companion for Messi.Luis Suárez en 100% Deporte: “Voy a ver el partido de Nacional. Como hincha del club, y por el bien del fútbol uruguayo, es una linda oportunidad para que pueda clasificar a semifinal”.https://t.co/kWsU10noKH— Sport 890 (@Sport890) October 31, 2018After the performance he delivered during El Clasico with Lionel watching from the stands, all the doubts about his current form were completely dissipated and we can expect more goals from him this season.But Suarez is very aware of how important it is for his club to always have a backup plan, he naturally responded with maturity when pressed about the idea of Barcelona finding his replacement for the future soon.“For Barcelona to look for a [number] nine is normal. I am already 31 years old,” said Luis to Sport 890 Radio from Uruguay.“As a professional and knowing where I am it today one has to live with criticism and be self-critical when he is not well.”“When they told me I was fat and passed my best form was in a match of Supercopa of Spain with Sevilla.”“I had started training on a Tuesday and played on a Saturday. Obviously I would be slow and fat if I came from a month of vacation after the World Cup.”David Villa, FC BarcelonaTop 10 players who played for both Barcelona and Valencia Boro Tanchev – September 14, 2019 Time to talk about the best players who represented both Barcelona and Valencia, prior to their La Liga encounter at Camp Nou this evening.“In the last match, scoring the three goals against Real Madrid , I had been feeling comfortable in the sense that I had been helping the team and I felt comfortable and happy.”“That makes you feel calm. Then, scoring goals or not, is a separate issue. You always have to live with criticism and I do not have to think that I’m the best in the world now with the praise,” he concluded.ENTRENAMIENTO💪💪💪⚽⚽⚽TRAINING pic.twitter.com/iQSYmarPuQ— Luis Suarez (@LuisSuarez9) November 1, 2018For the current season at FC Barcelona, having Luis Suarez in top form will be key for the Catalan club’s attempt to win another Champions League trophy.For this season in La Liga, the Uruguay international’s form is looking quite frightening as he has scored the same seven goals that Messi has this early in the competition and both players look like they will be unplayable throughout the whole competition.Any other club that wants to fight for the trophy against Barcelona, needs to get their top defenders ready for both Leo and Luis because they are ready to destroy the statistics once again.Luis knows that he is already past 30, but he also knows that he will keep his spot in the starting eleven as long as he remains relevant for the squad in every single match.Although he may be a striker for both his club and country, Luis Suarez’s contribution to the team goes way beyond only scoring goals and the replacement Barcelona finds needs to have more things to offer in order to consider himself worthy of taking the mantle from this eternal player who will be nearly impossible to substitute.REALLY HAPPY to be able to help the team 💪💪💪 we played an amazing game. Thanks to my family for always supporting me and thanks to the fans for being with us!!!! FORÇA BARÇA 🔴🔵 pic.twitter.com/DNEVHQe7iT— Luis Suarez (@LuisSuarez9) October 28, 2018Which striker do you think has the skills to someday replace Luis Suarez at FC Barcelona? Please share your opinion in the comment section down below.last_img read more

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Surf With a Cop connects law enforcement and foster children

first_img Posted: July 19, 2019 Thanks to @SDSheriff and @urbansurf4kids for putting together “Surf with a Cop” for over 100-foster youth in San Diego! Come support Sat. July 20th 10a-2p at La Jolla Shores. Always love hanging with @surfdogteddy ????‍♀️ ???? ???? #surfwithacop #surfdogteddy @kusi_gmsd @KUSINews pic.twitter.com/JpG5gFcM11— Lauren Phinney KUSI (@LaurenKUSI) July 19, 2019 ‘Surf With a Cop’ connects law enforcement and foster children Updated: 11:42 AM July 19, 2019 KUSI Newsroom, 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Federal agents and local law enforcement officers will meet with dozens of foster children Saturday for Urban Surf 4 Kids’ annual ‘Surf with a Cop’ event at La Jolla Shores.The event on July 20, 2019, will provide surf therapy to 80 foster children ranging in ages from 4 to 18 and allow law enforcement officers to develop relationships with the children through beach activities and educational demonstrations. Urban Surf 4 Kids is a nonprofit that provides surf therapy and mentoring for foster and at-risk youth who are victims of abuse, neglect and abandonment.The San Diego Police Department, the San Diego Harbor Police, the California Highway Patrol, the San Diego County Sheriff’s Department, the U.S. Border Patrol, U.S. Customs and Border Protection and the Department of Corrections will attend.one of many volunteers teaching foster kids how to surf is Sergeant Daniel Sloppye and Surf Dog Teddy.Law enforcement demonstrations will include a Dog Bite demonstration by the CHP, a Narcotics demonstration by the Border Patrol and presentations on the Explorer’s Program and the Respect Program from the San Diego County Sheriff’s Department.“This event is so special because often children who have suffered abuse and neglect are removed from dangerous domestic situations by law enforcement officers. Events like this help our children heal from that trauma and experience the human side of law enforcement,” said Roxanne Avant, executive director of Urban Surf 4 Kids.The event will be held from 9 a.m. to 3 p.m. on the grass just north of the parking lot in Kellogg Park. KUSI Newsroom Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img read more

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Soldotna Declares July 27 as Marge Mullen Appreciation Day

first_imgFacebook0TwitterEmailPrintFriendly分享The City of Soldotna has declared July 27, 2018, as Marge Mullen Appreciation day. She was the first woman to live in Soldotna under the Homestead Act. Marge walked 65 miles through the wilderness, with her husband Frank, to stake a homestead on Soldotna Creek near the Kenai River, in 1947. She just celebrated her 98th birthday, and still resides in Soldotna. The proclamation states: “Marge is known as the unofficial historian for the city, she has voluntarily archived over 1,000 photos for the Kenai Peninsula College, as well as earning an Anthropology degree in 2004 from Kenai Peninsula College.”  Soldotna Mayor Nels Anderson will be presenting the proclamation at the Soldotna City Council meeting on Wednesday, July 25.center_img The meeting will take place this Wednesday, at 6 p.m., at Soldotna City Hall and is open to the public. She was inducted in the Alaska Women’s Hall of Fame in 2010 for her “outstanding achievements in community activism and contributions that have influenced the direction of Soldotna.”  last_img read more

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iPad Pro 129 LTE 599 Update Sold out

first_img Motorola Moto phone saleMotorola’s Moto phones offer prodigious bang for the buck. Today: same bang, fewer bucks. A whole bunch of Moto phones are on sale, everything from the entry-level E4 Plus ($129.99) to the newer Moto G6 32GB ($159.99, even though the main promo page shows $199.99). See them at MotorolaThe Moto line has “Cheapskate approved” written all over it. Broadly speaking, you get a great set of features in phones that come unlocked and carrier-agnostic: They’re compatible with both CDMA and GSM networks, meaning you can use them with pretty much any US carrier.One thing, though: Many of Motorola’s sale prices are mere matches for the everyday prices offered on Amazon, though some of those prices are for Prime subscribers only. But there are a few better deals, like the Moto Z2 Play for $200. Amazon’s price: $239.Read more: The best phones for 2019CNET’s Cheapskate scours the web for great deals on PCs, phones, gadgets and much more. Note that CNET may get a share of revenue from the sale of the products featured on this page. Questions about the Cheapskate blog? Find the answers on our FAQ page. Find more great buys on the CNET Deals page and follow the Cheapskate on Facebook and Twitter! Amazon Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Apple Comments Aug 31 • Your phone screen is gross. Here’s how to clean it Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. See It $674 Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? See it $674 reading • iPad Pro 12.9 LTE: $599 (Update: Sold out) Now playing: Watch this: $799 Apple News • Get an 11-inch iPad Pro for $650 (save $150) See It See All iPad Procenter_img The Cheapskate $747 • Mentioned Above Apple iPad Pro (11-inch, Silver, 64GB, 2018) Preview • Apple’s newest iPad Pros hands-on: The iPad X we expected It’s the big one. Apple Good morning, cheeps! A couple quick housekeeping items to start the day. First, following yesterday’s maddening price-jump on the Acer camera, which happened mere minutes after I posted the deal, I’d like to encourage you to follow me on Facebook and Twitter. That’s the best way to get updates when such issues arise. I also frequently share bonus deals throughout the day!Second, If you happen to live in southeast Michigan, come meet me this Saturday, April 6, at the Plymouth District Library at 10 a.m. I’ll be sharing some of my best money-saving secrets and handing out swag and raffle prizes. (Your chances of winning something: excellent.) Come on out! Bring a friend!As a longtime iPad fan, I’ve definitely experienced a little lust for the iPad Pro 12.9 — you know, the big one. But $999? No way, no how. And that was for the Wi-Fi-only model.Check this: For a limited time, and while supplies last, B&H has the Apple iPad Pro 12.9 with Wi-Fi and LTE (64GB) in gold for $599 shipped, which I believe ranks as one of the best deals ever on this particular configuration.See it at B&HThis is the 2017 model, so it still has a home button and still relies on Touch ID rather than Face ID. Surprisingly, it’s new, not refurbished, which is usually the only way you’d see a price this low.And speaking of that, Apple proper sells the refurbished iPad Pro 12.9 for $589 — but it’s the Wi-Fi-only version. A mere $10 more buys you retail packaging and the LTE option. (That said, Apple’s refurbs are pretty much good as new, right down to the new battery and one-year warranty.)See it at AppleAt this size, and paired with a Bluetooth keyboard, the iPad Pro could potentially take the place of a laptop. And the LTE option is something few laptops have, a boon if you often find yourself “in the field.”I’m not sure how long these will last at this price, so if you think you might be interested, act fast. As we learned yesterday, the best deals often disappear in a hurry.Read more: Apple iPad Pro 12.9 review iPad Pro 2017 review: ProMotion for me! Aug 31 • Best places to sell your used electronics in 2019 Review • iPad Pro 2018 review: A powerful, beautiful tablet that needs a software overhaul CNET may get a commission from retail offers. 8 Share your voice Best Buy 3:23 Tags See It Tablets Phones Amazon Motorola Applelast_img read more

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Satellite rights of Wazir Kya Kool Hain Hum 3 could be lower

first_imgGAZAB , DILWALE TV RIGHTS SOLD FOR 60 CRORES HIGHEST EVER #GeruaFastest5mViews @taran_adarsh— SRK HATERS KO MAARO (@SRKswarrior1) November 20, 2015The worldwide box office collection of “Dilwale” was Rs 306.10 crore, while that of “Bajirao Mastani” stood at Rs 347.57 crore till the end of the fourth weekend. TwitterHindi film production houses and distributors selling satellite and television rights of their movies for whopping amounts, as has in the past, may not continue in the current year. This could affect the revenue of entities like Eros International Media, 30% of whose earnings comes from selling film rights to movie channels.”Bajirao Mastani”, globally distributed by listed entity Eros, reportedly sold the satellite rights of the Ranveer Singh-Deepika Padukone-starrer for Rs 35 crore, according to Business Standard. Earlier, trade analyst Taran Adarsh had said MSM had acquired the TV rights of Shah Rukh Khan-starrer “Dilwale” from Red Chillies Entertainment for Rs 60 crore, besides agreeing to jointly produce content for films and television.Another blockbuster, “Bajrangi Bhaijaan” starring Salman Khan earned about Rs 50 crore under a five-year deal between the actor and Star India Network, while the music rights (sold to T-series) have fetched around Rs 10 crore.But these could be aberrations and may not recur. In 2015, there was a 40% decline in rates for satellite and television rights of Hindi films, according to Mint.The report said new Hindi film channel launches pushed prices up. Aggressive buying made business sense for channels as these movies drove television rating points (TRPs), translating into increased advertisement revenues.But not many TV channels are expected to be launched in 2016, and therefore, satellite rights of even box office hits may see softening of rates, giving leeway to channels to drive a hard bargain.Also, box office hits are not necessarily successful when aired on TV channels, the Mint report added. “Yeh Jawaani Hai Deewani” was a box office success, earning Rs 188 crore, but generated TRP of a meagre 0.2. The Ranbir Kapoor-Deepika Padukone-starrer was acquired for Rs 25 crore.Paradoxically, the lesser known film”Ramaiya Vastavaiya” garnered just above Rs 36 crore at the box office but registered a TRP of 2.5 when shown on television, the report said.The trend could hit a major revenue stream for distributors and producers, like Eros and other production houses. The company derives about 30% of its revenues from these rights, with theatrical rights contributing 38% and the rest coming from overseas sales.Eros recovers the entire production cost of movies before they are released in theatres by selling music rights, satellite rights and 39% guaranteed cost recovery from its parent for international distribution, according to an update by ICICI Direct last August.Hindi movie channels largely comprise of Sony Max, Star Gold, Zee Cinema, Movies OK and &pictures.It would be interesting to see how the latest set of movies such as “Wazir” and “Kya Kool Hain Hum 3” end up when they sell their satellite rights. “Wazir” features Farhan Akhtar, Aditi Rao Hydari, Bejoy Nambiar, Vidhu Vinod Chopra and Amitabh Bachchan, while “Kya Kool Hai Hum 3” has Tusshar Kapoor, “Bigg Boss 9” contestant Mandana Karimi, Aftab Shivdasani as lead characters.Meanwhile, shares of Eros International have been going downhill ever since “Bajirao Mastani” directed by Sanjay Leela Bhansali was released on 18 December, 2015. The price was Rs 260 on the day and closed at Rs 202 on 15 January, 2016. During trading, the stock almost touched its 52-week low of Rs 198.95.Shah Rukh Khan’s “Dilwale” was also released on 18 December.MSM and Red Chillies Ent ink strategic alliance. To co-produce TV, digital and film content. TV rights of #Dilwale also acquired by MSM.— taran adarsh (@taran_adarsh) November 20, 2015last_img read more

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Once Upon a Time in Hollywood to hit the screens in India

first_imgOnce Upon a Time in… Hollywood posterTwitterQuentin Tarantino’s Once Upon A Time In… Hollywood is all set to release in India on August 15! The film, which has received some astounding reviews at the Cannes Film Festival 2019, finally received a release date in India, thanks to Prabhas’ Saaho.On July 22, it was announced by the makers of Saaho that the film will hit the screens on August 30 instead of August 15. This left August 15 on the shoulders of Akshay Kumar’s Mission Mangal and John Abraham’s Batla House. Perhaps Sony Entertainment decided to take this opportunity and get August 15 as the release date? As per an official statement from the makers, it reads, “Sony Pictures Entertainment India’s Once Upon A Time In Hollywood gets an Independence Day Release with Saaho shifting to 30th August. Directed by Quentin Tarantino and starring Leonardo DiCaprio, Brad Pitt and Margot Robbie in lead roles, the film is based on the story of television star Rick Dalton and his longtime stunt double make their way around a changing industry that they hardly recognize anymore.”It is interesting how the filmmakers have chosen to use this date, despite knowing about the star power of Akshay Kumar and John Abraham at the Bollywood box office. The success of several recent Hollywood films such as Avengers: Endgame, Spider-Man: Far From Home, Captain Marvel, Aladdin and The Lion King might have something to do with their confidence? So far the film has received rave reviews where some have even confirmed that it is a strong Oscar contender. Brad Pitt, Quentin Tarantino, Margot Robbie and Leonardo DiCaprio at the premiereTwitterBased on reviews on Rotten Tomatoes, a score of 93 per cent has been cumulated by the website. Various critics have called it an impressive film that is brilliantly crafted and has Tarantino written all over it! Just recently, a premiere was also conducted on Hollywood Boulevard where celebrities like Britney Spears, Chris Hemsworth, Maya Hawke, Vanessa Hudgens, Irina Shayk and more joined the cast of the film. Once Upon a Time In… Hollywood is based on the story of a TV star Rick Dalton and his longtime stunt double, who are trying to make their way into Hollywood at a time when they are not even recognised anymore.last_img read more

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Apple surprises with solid iPhone sales announces 100 billion buyback

first_imgApple CEO Tim Cook speaks during an Apple media event in Cupertino, California, U.S. October 27, 2016.REUTERS/Beck DiefenbachApple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.Apple’s quarterly results topped Wall Street forecasts, which dropped ahead of the report on growing concern over the iPhone. The Cupertino, California-based company also was more optimistic about the current quarter than most financial analysts, driving shares up 3.6 percent to $175.25 after hours.Suppliers around the globe had warned of smartphone weakness, playing into fears that the company known for popularizing personal computers, tablets and smartphones had become too reliant on the iPhone.Sales of 52.2 million iPhones against a Wall Street target of 52.3 million was a comfort and up from 50.7 million last year, according to data from Thomson Reuters I/B/E/S.Apple bought $23.5 billion of stock in the March quarter, and said it planned to hike its dividend 16 percent, compared with a 10.5 percent increase last year. Analysts believe the heavy emphasis on buybacks will bolster share prices, but some investors wished Apple had found different uses for the cash.”I’d hoped for more on the dividend side or maybe a strategic investment,” said Hal Eddins, chief economist for Apple shareholder Capital Investment Counsel. “I assume Apple can’t find a strategic investment at the current prices that will move the needle for them. The $100 billion buyback is good for right now but it’s not exactly looking to the future.”The cash Apple earmarked for stock buybacks is about twice the $50 billion market capitalization of electric car maker Tesla Inc.Apple posted revenue for its March quarter of $61.1 billion, up from $52.9 billion last year. Wall Street expected $60.8 billion, according to Thomson Reuters I/B/E/S.Average selling prices for iPhones were $728, compared with Wall Street expectations of $742. The figure is up more than 10 percent from $655 a year ago, suggesting Apple’s iPhone X, which starts at $999, has helped boost prices.Analysts had feared the high price was muting demand for the iPhone X, but Apple Chief Executive Tim Cook said it was the most popular iPhone model every week in the March quarter.”This is the first cycle that we’ve ever had where the top of the line iPhone model has also been the most popular,” Cook said during the company’s earnings call.”It’s one of those things like when a team wins the Super Bowl, maybe you want them to win by a few more points. But it’s a Super Bowl winner and that’s how we feel about it.”The iPhone X has shaped up to be “a good, not a great product. There was a time prior to its introduction that investors expected it to be a great product,” said Thomas Forte, an analyst with D.A. Davidson Companies.”Now that we know it is a good product, as investors have lowered expectations, that is enough, in my view, for shares to go higher from current levels.”Positive iPhone news boosted shares of chip suppliers.Skyworks Solutions Inc rose 2.9 percent, Broadcom Inc was up 2 percent, while Cirrus Logic gained 4.3 percent.Apple also predicted revenue of $51.5 billion to $53.5 billion in the June quarter, ahead of the $51.6 billion Wall Street expected as of Monday evening, and the share repurchases in the March quarter drove Apple’s cash net of debt down slightly to $145 billion.”We are returning the cash to investors as we have promised,” Chief Financial Officer Luca Maestri told Reuters in an interview.Profits were $2.73 per share versus expectations of $2.68 per share, as of Monday, and up from $2.10 a year ago. Apple App Accelerator at Bengaluru offers free expert consultation on iOS app development and moreApple App Accelerator website (screen-grab)Apple’s services business, which includes Apple Music, the App Store and iCloud, posted $9.1 billion in revenue compared with expectations of $8.3 billion. Heading into earnings, investors were hopeful that growth in that segment could help offset the cooling global smartphone market.Julie Ask, an analyst with Forrester, said Apple’s services segment results were positive but warned that Apple needed to continue to boost subscriptions on its platforms, which reached 270 million users in the March quarter and includes people who subscribe to third-party apps on the iPhone as well as Apple’s own services like iCloud.”Apps are carrying most (services revenue) right now, but Apple needs to get to a place where it’s mostly subscriptions and monthly fees and not just one-off downloads,” Ask said.Apple traditionally updates its share buyback and dividend program each spring, and the $100 billion it added this year compares with an increase of $50 billion last year.In February, Apple said it planned to draw down its excess cash, although Cook had downplayed the possibility of a special dividend.But investors have had concerns around Apple because of brewing trade tensions with China.Greater China sales rose 21 percent from a year earlier, Apple’s best growth rate there in 10 quarters, to $13.0 billion. While there has not yet been a tariff on devices such as Apple’s iPhone, Cook traveled last week to Washington to meet with U.S. President Donald Trump at the White House to discuss trade matters.”China only wins if the U.S. wins and the U.S. only wins if China wins,” Cook said on the call, when asked about a possible trade war. “I’m a big believer that the two countries together can both win and grow the pie, not just allocate it differently,” he said.Apple has been emphasizing its contributions to the U.S. economy in recent months, outlining a $30 billion U.S. spending plan and highlighting the tens of billions of dollars it spends each year with U.S.-based suppliers.In recent months, Apple has been emphasizing the size of its overall user base, which includes used iPhones, rather than focusing strictly on new device sales, a sign of the increasing importance of making money off users without selling them new hardware.last_img read more

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Schoolboy commits suicide in Sylhet

first_imgLogo of SuicideA school boy reportedly committed suicide by hanging himself from the ceiling of his room in Dewannagar village of Biswanath upazila on Friday.The deceased, Nuruzzaman,14, son of Fatik Mia of the village, was a Class-VIII student of PMC High School of the area.Family members found Nuruzzaman hanging around 8:00am at his room and took him to Sylhet Osmani Medical College Hospital where the duty doctor declared him dead, police said quoting family members.The body was sent to the hospital’s morgue for autopsy.last_img

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Harvey Leaves Thousands Still Waiting On Clean Water

first_imgDavid J. Phillip, APGaston Kirby, right, and Juan Minutella leave Kirby’s flooded home in the aftermath of Hurricane Harvey, Monday, Sept. 4, 2017, near the Addicks and Barker Reservoirs, in Houston.Thousands of people are still waiting on access to safe drinking water in parts of Texas more than three months after Hurricane Harvey.The storm and the heavy rains that followed overflowed drainage districts, cut off water and prompted hundreds of boil-water notices across the Gulf Coast. More than a dozen boil-water notices remain in effect across affected areas.The areas included cities, mobile home parks and housing developments in seven counties across southeast Texas, the Beaumont Enterprise reported . The Texas Commission on Environmental Quality reports more than 3,700 people in those areas haven’t had clean drinking water since late August.In Rose City, the city’s boil notice hasn’t been lifted because the plan hasn’t met TCEQ standards for pH levels and other chemicals, said Janice Ratcliff, the city’s water operator. Running water returned to the city’s 600 residents in September, but it still requires a two-minute rolling boil before safe consumption.“It’s been so touch-and-go,” Ratcliff said. “It will run good for two weeks but then something will happen. It just makes no sense to remove the notice just to have to go right back on it.”Ratcliff said the city’s original goal was to have the notice rescinded for good by Thanksgiving. But issues with insurance have pushed back installing the necessary equipment.“It’s crazy what they put us through,” Ratcliff said. “It’s just been delay after delay. We understand that insurance companies and FEMA (Federal Emergency Management Agency) were so overloaded, but a water facility should come first.”Mayor Bonnie Stephenson said that faith-based organizations have been working to provide Rose City with enough bottled water.“We’ve barely had any complaints from residents,” Stephenson said of the rebuilding process. “They know that they’re working as hard as they can to fix it. Nobody has gotten real mad yet.”___Information from: The Beaumont Enterprise, http://beaumontenterprise.com Sharelast_img read more

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Keys notes

first_imgThe Hungarian Information and Cultural Centre, in cooperation with Delhi Music Society and India International Centre, organized a flute-piano concert by the musical-duo Dávid Simon and János Palojtay from Hungary on January 24 at the Capital’s India International Centre Auditorium.Opening the evening, Tibor Kovács, The Director of Hungarian Information and Cultural Centre, welcomed the audience and introduced the musicians to everyone. The theme was based on classical music with the presentation of various complementing pieces by J S Bach, W A Mozart, Ferenc Liszt, Francis Poulenc, Erno Dohnányi, and Béla Bartók.  Also Read – ‘Playing Jojo was emotionally exhausting’The performance of Dávid Simon, on Flute and János Palojtay, on Piano was well accepted by the audience with the melancholic sounds and tones of their musical instruments. The dense sound and wide range of piano created a smooth amalgamation with the brilliant unity of the lyric and smooth tone of the flute. The musicians maintained an active relation with the attendees by presenting a brief explanation and relative connection of each musical piece, they played. The pianist held Kovács’s cordial support, during the performance.last_img read more

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Govt police agree upon putting end to commission system in buses

first_imgKolkata: In a bid to check bus accidents, the state government and the police have proposed to do away with the commission system in bus services.The matter was discussed in a meeting held on Tuesday. State Transport minister Suvendu Adhikari, Additional Chief Secretary Alapan Bandyopadhyay, other concerned officials of the Transport department and senior police officers held the meeting, with representatives of bus owners’ associations.Sources said that the Transport department and the police have proposed to put an end to the commission system. Under the existing system, drivers and conductors get a commission from the fare collected from passengers. As a result, buses of same routes race among themselves to get more passengers, which leads to accidents. Also Read – Heavy rain hits traffic, flightsIt may be mentioned that doing away with the commission system is an old issue and it crops up whenever there is any major bus accident. The Left Front government had remained indifferent to the issue. Now, the Mamata Banerjee government is trying to put an end to it, by removing the commission system for good.There are private buses in which there are two conductors. In such cases, the two conductors and the driver of the bus get 24 percent of the total amount of the bus fare they collect in a day. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedThere are some buses, mainly the mini-buses, in which there is one conductor and a helper. In such cases, the driver gets 14 percent and conductor gets 9 percent of the total fare collected, while Rs 250 is given to the helper per day.The commission system is in place only in five districts, namely Kolkata, Howrah, Hooghly and North and South 24-Parganas. In all other districts, the driver and conductor get salaries at the beginning of every month from bus owners.Representatives of the bus owners’ associations have urged the state Transport department to frame a guideline in this connection.last_img read more

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State sees major reshuffle in IPS cadre

first_imgKolkata: In a major reshuffle of IPS officers in the state, Superintendent of Police (SP), Hooghly (rural) has been changed. 19 more IPS officers’ postings have been changed as well. According to the order published on Thursday, SP, Hooghly (rural) Sukhendu Hira has been posted as the Deputy Commissioner (DC), Reserve Force (RF) in Kolkata Police. Tathagata Basu, who was the DC (headquarters) in Chandannagar Police Commissionerate, will replace Hira. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataSanjay Chander, Director General (DG) of Counter Insurgency Force (CIF) has been made the DG Establishment, while Siddh Nath Gupta, who was the Additional Director General (ADG) Establishment, has been transferred to the post of ADG, CIF. Vishal Garg, Inspector General (IG), Presidency Range, has been made the IG, Criminal Investigation Department (CID) II. Meanwhile, Kallol Ganai, IG, Burdwan Range, has been made the IG, Traffic in West Bengal Police. Tanmay Ray Chaudhuri, who was the Deputy Director, Directorate of Economic Offences, has been transferred to the post of DIG, Burdwan Range.last_img read more

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first_imgShareTweet DerryDerry and Strabane CouncilgardaiNicky Rackard Hurling GameomaghPSNIPublic urged to plan their journey ahead of Strabane Lifford Half Marathontyrone “These have been carefully selected in consultation with PSNI, Gardaí and the Department for Infrastructure, to minimise delays and inconvenience for residents and traffic.“Unfortunately some disruption is inevitable but in order to minimise this and avoid delays we would ask you to familiarise yourself with the traffic and travel advice.“We apologise in advance for any inconvenience that may be caused, we will make every effort to minimise any disruption and remember that disruptions to normal traffic will only be for a very short period of time.”Commuters are being requested to, where possible, avoid travelling along the affected route during the event and if they must do so to follow the signed diversions and allow some extra time for your journey. As the event is on a Sunday morning it may be prudent to allow a little extra time to reach Church Services in Strabane, Lifford, Castelfinn and Doneyloop.Anyone travelling to the Ulster Championship tie between Tyrone in Derry in Omagh at 4pm and particular the Nicky Rackard Hurling Game between Tyrone and Mayo at 2pm in Omagh may want to leave some extra time for their journey if they are travelling through the Strabane Lifford area.Police, Gardai and race marshals will be present around the race route to provide advice. Organisers apologise for any inconvenience that may be caused to you by these traffic restrictions and will make every effort to minimise any disruption. Please bear with us, enjoy the event if you can and remember that disruptions to normal traffic will only be for a very short time.The full list of road closures are available at www.derrystrabane.com/halfmarathon where any updates will be posted. For further information, please contact halfmarathon@derrystrabane.com or 02871 253 253.Public urged to plan their journey ahead of Strabane Lifford Half Marathon was last modified: May 7th, 2019 by John2John2 Tags: Strabane Lifford half marathon taking place this weekend.Organisers of the Strabane Lifford Half Marathon are urging the public to familiarise themselves with the traffic restrictions that will be in place to facilitate the event this Sunday morning.Over 1,000 runners are expected to take to the roads for the popular cross border event. It starts at Meetinghouse Street in Strabane at 9.30 am with finishers arriving at the running track at the Melvin Sports Complex from 10.35 am until around 1 pm.Derry City and Strabane District Council are co-ordinating the event in conjunction with Lifford Strabane AC.They have asked anyone travelling in the vicinity on Sunday to plan their journey, particularly given the extra traffic expected for the Ulster Championship and Nicky Rackard GAA games scheduled for Omagh on Sunday afternoon.“To ensure the safety of both runners and motorists it will be necessary to introduce temporary traffic restrictions for a short time,” explained Marketing Officer at Derry City and Strabane District Council, Aisling McCallion. last_img read more

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The performance of the precious metal shares espe

first_img The performance of the precious metal shares, especially the silver equities, is rather amazing considering how badly they got smoked last week on loses of 4 cents on two consecutive trading days in a row. The CME Daily Delivery Report showed that 659 gold and zero silver contracts were posted for delivery within the COMEX-approved depositories on Wednesday.  Once again the big short/issuer was JPMorgan out of its client account—and the two largest long/stoppers were Canada’s Scotiabank with 329 contracts—and JPMorgan with 319 contracts for its in-house [proprietary] trading account once again. This is the third time that JPMorgan has screwed over it clients in the April delivery month in gold—and I sometimes wonder who these “clients” might be.  The link to yesterday’s Issuers and Stoppers Report is here. The CME Preliminary Report for the Monday trading session showed that April open interest in gold fell by 640 contracts—and those were the ones posted on Friday for delivery today.  April o.i. in gold is now down to 1,186 contracts, minus the 659 that got posted for delivery tomorrow. For the second day in a row, the April o.i. in silver remained unchanged at 172 contracts. There were no reported changes in GLD yesterday—and as of 6:48 p.m. EDT yesterday evening, there were no reported changed in SLV either.  But when I checked the iShares.com Internet site at 2:11 a.m. EDT this morning, I saw that an authorized participant added 1,434,312 troy ounces.  Based on the current price action, I would guess that deposit was used to cover an existing short position. There was a tiny sales report from the U.S. Mint yesterday.  They sold 500 troy ounces of gold eagles—and 500 one-ounce 24K gold buffaloes. The only activity in gold at the COMEX-approved depositories on Friday was the two kilobars withdrawn from the Mafra, Tordella & Brookes, Inc. depository. In silver, there was 57,991 troy ounces reported received—and 366,995 troy ounces shipped out.  For a change, none of the activity involved JPMorgan.  After all the heavy activity of the last two weeks in silver, they must still be charging up the batteries on their fork lifts.  The link to that activity is here. Over at the COMEX-approved depositories in Hong Kong on Friday, it was a much busier day.  At the Brink’s, Inc. depository they reported receiving 10,830 kilobars, which is a lot—and shipped out 1,668 kilobars.  The link to the activity in troy ounces is here. Since yesterday was the 20th of the month—and it fell on a weekday—The Central Bank of the Russian Federation updated their website with their March data.  It showed that they added 1 million troy ounces of gold to their reserves in the past month—and Nick’s most excellent charts is posted below. The dollar index closed late on Friday afternoon in New York at 97.45.  It gapped down a bit at the open, but then chopped more or less sideways until about 2:40 p.m. Hong Kong time.  From there it rallied up to its 98.07 high which came minutes before the 8:20 a.m. EDT COMEX open.  It dropped down to 97.71 by 11:15 a.m.—and then rallied a bit into the close.  The index finished the Monday session at 97.90—and up 45 basis points from Friday’s close. Another day—and more slices off the precious metal salamis The gold price didn’t do much, or wasn’t allowed to do much—take your pick—in morning trading in the Far East on Monday.  The low tick over there came at 1 p.m. Hong Kong time.  From that point it rallied to its high tick at the 8:00 a.m. BST London open—and JPMorgan et al were waiting.  The low tick came about fifteen minutes before the London close.  The rally off the low got reversed at exactly 1:00 p.m. EDT and, starting shortly after the 1:30 p.m. COMEX close, the gold price rallied quietly into the 5:15 p.m. close of electronic trading. The high and lows were recorded by the CME Group as $1,209.00 and $1,190.80 in the June contract. Gold finished the Monday session in New York at $1,195.80 spot, down $7.50 from Friday’s close—and safely back below the $1,200 spot price.  Net volume was pretty decent at 129,000 contracts. I was somewhat surprised to see the precious metal equities finish in the green yesterday—and wonder who the deep-pocket buyers were that were scooping up everything that John Q. Public was selling in the face of Monday’s engineered price declines in both gold and silver. And as I write this paragraph, the London open is about fifteen minutes away.  The gold price isn’t doing much, but is down a buck and change from Monday’s close.  Silver is unchanged—and platinum and palladium are up a dollar or two.  Gold volume is just under 11,500 contracts, with virtually all the volume in the current front month.  Silver’s net volume is just shy of 2,600 contracts—and about of a third of the total volume is roll-overs out of the May contract. The dollar index didn’t do a lot until shortly after 1 p.m. Hong Kong time—and since then it’s up 26 basis points. Yesterday’s salami slices were pretty decent—and just eye-balling the above charts, “da boyz” still have work to do if they want to get back to the wildly bullish levels that the Commitment of Traders data showed a month ago.  I’d guess $50 in gold—and 50 cents in silver—and that’s from their respective low ticks yesterday, not their closing prices. But can they, or will they?  We got part of the answer yesterday—and it remains to be seen if there’s more to come.  It wouldn’t take much effort on behalf of JPMorgan et al, along with their HFT buddies, to do what’s necessary. I mentioned all this in Saturday’s missive, but with another day of data in the history books, I’m just revisiting it briefly. I would guess that all this price/volume will be in this Friday’s COT Report, as there’s no real reason why it shouldn’t—and hopefully the same can be said for the price/volume today—as Tuesday at the close of the COMEX trading session, is the cut-off for Friday’s report. And as I fire today’s column out the door at 5:15 a.m. EDT, I see that the gold price is flat—and silver is actually up a nickel. Platinum and palladium are up a bit more as well.  Gold volume is now up to 18,500 contracts—and silver’s net volume is now at 4,800 contracts. All in all there’s not much happening from a price perspective—and the fact that the dollar index is now up 38 basis points—and was even even higher than that shortly before 5 a.m. EDT, I’m somewhat surprised to see the precious metals performing as well as they are. But with all the problems in the world these days, I guess it really shouldn’t come as much of a surprise that the precious metals are catching a bid despite what’s going on with the dollar index. It beats the heck out of me as to how the rest of the Tuesday session will turn out—and nothing will surprise me when I check the charts later this morning. I’m off to bed—see you here tomorrow. Here’s a chart that was embedded in a Bloomberg story way back on March 31.  I didn’t think the story was worth posting, but the chart is worth saving—as it shows the best performing asset classes in the first quarter of 2015.  I thank reader William Gebhardt for sending it along. I have a decent number of stories for you today—and I hope that number doesn’t expand by much as the evening progresses. Two weeks ago, the turnover or physical movement of metal brought into and taken out from the COMEX-approved silver warehouses was at a nadir and appeared to be cooling off. I openly questioned (myself) whether the four-year-old, frantic, unprecedented and unique-to-silver-among-all-commodities-physical-conveyance was approaching an end—and what that end would portend for price. I’ve been forced to put such thoughts on hold as a result of what transpired over the past two weeks, as the combined two week movement of metal was the largest two week turnover in memory, fully double the torrid 5 million oz average weekly movement of 2014. This past week, more than 8.5 million oz of silver were physically moved either into or out from the six COMEX warehouses. Total COMEX silver inventories rose a relatively slight 0.8 million oz to 175.9 million oz for the week. Over the past two weeks, close to 20 million oz of actual metal was either moved into or taken out from the COMEX warehouses, while total inventories declined by mere 0.6 million oz. While this underscores the consistent observation of mine over the past year and longer that the frantic turnover in COMEX inventories were highly unusual in two regards – the outsized movement itself—and the fact that total inventories hardly changed at all – there is a more specific explanation for the past two weeks. Yep, JPMorgan again. Basically, JPMorgan accounted for all the COMEX silver movement this week as well as much of what moved during the prior week. This week, 4.7 million oz were moved into the COMEX silver warehouse of JPMorgan and because that metal mostly came from other COMEX silver warehouses, total movement is fully explained by the growth in JPM holdings. Last week 3.4 million oz came into the JPM warehouse, so the two week increase of 8.1 million oz is directly connected to the 7.5 million oz that JPMorgan took in delivery for the March futures contract. (Please remember there is a 6% – under or over – weight tolerance for delivered COMEX silver contracts). – Silver analyst Ted Butler: 18 April 2015 Another day—and more slices off the precious metal salamis. It was also another day where Russia, China and India showed the world that between the three of them, they’re pretty much gobbling up all the newly mined gold on Planet Earth every year. Yet still gold prices aren’t allowed to go anywhere.  That applies to platinum and palladium, both of which are in structural supply/demand deficits as well. Then there’s silver.  With about 350 million troy ounces now in the hands of JPMorgan—and at the same time this company, along with Canada’s Scotiabank, are short roughly 200 million troy ounces of silver in the COMEX futures market between them—and you have to ask yourself when and how this will all end. I would guess the JPMorgan has enough silver in good delivery form to cover their entire short position if required to do so; but that comfort level [or their ‘Get Out of Jail Free Card’] certainly doesn’t extend to Scotiabank—unless they’ve managed to hide their silver stash out of sight in SLV. Here are the 6-month charts for all four precious metals, plus copper and WTIC, as of the close of trading yesterday. The silver equities followed a somewhat similar pattern—and they, too, actually closed in the green—as Nick Laird’s Intraday Silver Sentiment Index closed up 0.33 percent.center_img Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, info@uraniumenergy.com. The price charts for platinum and palladium looked similar, except their respective lows came just before the equity markets opened in New York yesterday morning.  Platinum was closed at $1,146 spot, down 24 bucks.  Palladium finished the Monday session at $771 spot, down 11 dollars—and well off its low tick.  Here are the charts. Here’s the 5-minute gold price/volume chart courtesy of Brad Robertson.  Midnight EDT Sunday night is the second vertical gray line.  It didn’t require a lot of volume at the spike high at the London open to reverse the rally, as volume was very light to start with—01:00 Denver time on this chart.  Most of the volume came between 11 a.m. BST—and noon EDT, which is 05:00 to 10:00 a.m. MDT on this chart.  Add two hours for EDT—and the ‘click to enlarge’ works wonders here. The silver price chart is similar, but it’s interesting to see how the price got taken lower in stair-step fashion until the 10:45 a.m. EDT low tick.  Then, like gold, the silver price recovered a few pennies after the COMEX close. The high and lows were reported as $16.34 and $15.82 in the May contract. Silver closed yesterday at $15.94 spot, down 28.5 cents from Friday’s close.  Net volume was pretty chunky at 37,500 contracts. The gold stocks opened down—and hit their lows about 9:45 a.m. EDT.  They chopped higher—and back into positive territory—shortly before noon, before falling back into negative territory once again.  But starting shortly after 2 p.m. a rally ensued that took gold back to its high of the day—and that’s pretty much where it closed.  The HUI finished the Monday session up 0.43 percent, which was quite remarkable considering how badly the gold price got smacked.last_img read more

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Virginia is among 18 states that have not expanded

first_imgVirginia is among 18 states that have not expanded Medicaid under the Affordable Care Act. But this year, the state legislature is going into a special session to continue discussions about whether or not to include it in its budget. By the time the regular session adjourned Saturday, members of Virginia’s GOP-controlled House of Delegates and Senate could not reach agreement on whether or not to expand Medicaid.Republican Delegate Barry Knight from the Virginia Beach area calls it “the 800-pound gorilla in the room.” He’s one of more than a dozen Republicans who voted to include Medicaid expansion in the House budget — along with a work requirement — this year.It’s a big shift in the House position on the issue and comes after 15 seats flipped in the so-called “blue wave” of last November’s election, which also saw the election of Democratic Gov. Ralph Northam.”On the big-picture issues, I think it was a re-awakening and a call to look at things from a different perspective,” says Republican Delegate Chris Peace, from the Richmond area.At a recent rally outside the state Capitol in Richmond, Northam continued his campaign message. “Are you all ready to get this done?” he called to the crowd’s cheers. “Are you ready to expand coverage?”A December poll showed over 80 percent of likely Virginia voters support an expansion.”I think the House heard that message, loud and clear. I think the Senate still needs to listen a little bit,” Northam says.He’s referring to a strong movement against expansion, led by Senate Majority Leader Tommy Norment from the Tidewater area in southeastern Virginia. Norment has come out against the House Republicans who want to expand. He reminds them that despite a slim margin, Republicans are still in charge and could stop Medicaid expansion.”I do think that the House of Delegates is waiting for that moment of lucidity and epiphany to realize that their majority is 51 to 49,” Norment says.But President Trump has managed to mobilize Democratic voters, says Bob Holsworth, a former political science professor at Virginia Commonwealth University. He thinks expansion has a greater chance this year.It could pass in the Senate, he says, because of a potential wildcard.That wildcard is Republican Sen. Emmett Hanger, from mostly-rural central Virginia. Hanger has expressed support for some form of Medicaid expansion, and has a track record of voting independently, says Holsworth.”What Hanger has said that’s very interesting … is that if he decides to support some version of Medicaid expansion, he says, ‘There are a number of other Republicans who are going to go over with me.’ “However, Hanger isn’t happy about a tax on hospitals that has been incorporated into the House’s budget to help pay for the state’s share of expansion costs. The tax accounts for about three quarters of the over $400 million Medicaid-related gulf between House and Senate budgets.If legislators don’t come up with a budget that includes Medicaid expansion, Northam has a plan B. He says he’ll introduce an amendment to add it back into the budget. In the amendment process, the lieutenant governor, Justin Fairfax, gets a vote if the Senate ties. Fairfax says he’d be happy to vote to expand coverage to up to 400,000 low-income Virginians.”There are so many people that we can help and we have the means to do it if we expand Medicaid. We just have to have the political will to do it,” Fairfax says.Among those expansion would help in Virginia: low-income adults without children.”An adult who does not have children can have zero income — can be totally impoverished — and they cannot get Medicaid,” says Jill Hanken with the Virginia Poverty Law Center.And a family of three with a total income of about $10,000 doesn’t qualify for Medicaid, she says.”It’s hard to explain to them that they don’t have a choice, they’re not eligible for Medicaid,” she says, and they’re not eligible for subsidies for insurance on the exchange, so health insurance is out of reach. “And the reason is because Virginia hasn’t expanded Medicaid,” she says.The special session begins April 11. The state needs a budget agreement by June 30 to prevent a government shutdown.This story is part of a reporting partnership with NPR, local NPR stations and Kaiser Health News. Copyright 2018 WCVE. To see more, visit WCVE.last_img read more

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