LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss00:50Trending Articles01:20Poe: PH needs ‘better leadership’ in traffic agencies to resolve problem01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:42PH underwater hockey team aims to make waves in SEA Games MOST READ Read Next Typhoon Kammuri accelerates, gains strength en route to PH “But James is not a leader,” the Boston Celtics legend said in an appearance on NBA TV. “He tried being a leader last year, tried doing that stuff. I think Chris Paul is going to help him just kind of get back into just being able to hoop and play and stuff like that.”The #OpenCourt guys discuss if @CP3’s arrival will benefit @JHarden13 and the @HoustonRockets. pic.twitter.com/hT2bibHrpSFEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout— NBA TV (@NBATV) October 6, 2017 BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight South Korea defender scores 2 own goals in loss to Russia LATEST STORIES Fire hits houses in Mandaluyong City Fire hits houses in Mandaluyong City Nonong Araneta re-elected as PFF president Brace for potentially devastating typhoon approaching PH – NDRRMC Don’t miss out on the latest news and information. Frontrow holds fun run to raise funds for young cancer patients Houston Rockets guard James Harden (13). (AP Photo/Eric Gay, File)James Harden had pretty successful individual season last year, averaging career bests in points (29.1), rebounds (8.5) and assists (11.2) while moving to the point guard position for the Houston Rockets.With the five-time NBA All-Star expected to slide back to the shooting guard position due to the arrival of Chris Paul, former Rockets head coach Kevin McHale questioned the crafty lefty’s leadership.ADVERTISEMENT McHale, who mentored Harden for three and a half seasons, said his teammates had a hard time listening to the bearded guard due to his deficiencies on the defensive end of the floor.“Look, if James tells you, ‘Chuck, you got to play better D.’ You listening to him? You got to be kidding me. I lived through it, believe me,” the coach-turned-analyst said. “Everybody in the locker room did this [hand on forehead]. Every time he mentioned defense, everybody would put their head down, like you got to be kidding me.”Still, McHale lauded his former player as “fantastic with the ball and a “great passer.”“The guy’s got phenomenal vision. Talk about vision, James can see all the passes and do everything,” he shared. Khristian Ibarrola /raADVERTISEMENT View comments
About the authorPaul VegasShare the loveHave your say Samir Nasri pleased with winning West Ham debutby Paul Vegas10 months agoSend to a friendShare the loveSamir Nasri was pleased with his debut for West Ham’s FA Cup win over Birmingham City.Nasri impressed during an hour-long debut.“I’m happy to get my first minutes in the West Ham shirt, but most important was the team performance and winning 2-0, keeping a clean sheet,” he said. “That was the goal today and that’s what we did.“It was important to not let Birmingham get into the game with confidence, so we pushed from the start and scoring the goal that early made everyone more comfortable on the ball and able to play our football. “The coach rotated the squad and had young players in the team, so it was important to score an early goal for everyone to be a little more free on the ball.“It was a tricky game, because they didn’t want to do anything with the ball, but when they had it they played that long ball and tried to catch us on the break.“I felt good, honestly I thought I would struggle a little more with the rhythm as my last game was 13 months ago.“I’m just relieved that everything is now behind me and happy about those first 58 minutes. It was good and I’m just looking forward to the next game.”
TORONTO — The federal justice minister says the Liberals hope to tackle the issue of criminalization of HIV non-disclosure if they are re-elected in the fall.Non-disclosure has led to assault or sexual assault charges against people with HIV because it’s been found to invalidate a partner’s consent.Justice Minister David Lametti says the government won’t be able to act on the findings of an imminent report on the issue before the October election.But he says the Liberals, if returned to power, would try to draft a criminal law provision that targets intentional non-disclosure.The federal standing committee on Justice and Human Rights has been examining the issue and is expected to release a report next week, just as the House is set to rise.Late last year, the government instructed federal prosecutors in the North that they should no longer prosecute anyone for not disclosing their HIV status to a sex partner where there is no risk of transmitting the virus.The Canadian Press
OTTAWA – Strength in manufacturing helped boost economic growth in November as the sector posted its largest monthly increase since February 2014.Statistics Canada said Wednesday real gross domestic product increased 0.4 per cent in November following a flat reading for October.The result matched the expectations of economists polled by Thomson Reuters.TD Bank senior economist Brian DePratto said equally important to the strength of growth was its breadth.Of the 20 industrial sectors tracked, 17 posted increases.“The Canadian economy fired on all cylinders in November: production resumptions led the way, but nearly all major sectors reported gains on the month, an encouraging sign,” DePratto wrote in a report.The Bank of Canada raised its key interest rate target earlier this month on the back of a string of unexpectedly solid economic data. It was the third rate increase since last summer.“Looking through monthly volatility, though, the GDP numbers add to the evidence that the Canadian economy as a whole continues to grow at a modestly ‘above-potential’ pace even as it increasingly looks to be operating at or beyond its long-run capacity,” Royal Bank senior economist Nathan Janzen wrote.The growth in November came as goods-producing industries rose 0.8 per cent boosted by the manufacturing sector and mining, quarrying and oil and gas extraction.The manufacturing sector gained 1.8 per cent in November as non-durable manufacturing rose 1.1 per cent while durable manufacturing increased 2.5 per cent.Mining, quarrying, and oil and gas extraction increased 0.5 per cent.Meanwhile, services-producing industries climbed 0.3 per cent, led by the real estate and rental and leasing, wholesale and retail trade sectors.Real estate and rental and leasing rose 0.4 per cent in November while retail trade gained 0.6 per cent and wholesale trade rose 0.5 per cent.
MONTREAL – Power Corp. is prepared to invest more than $10 billion over the next five years to expand its empire while it also looks to sell some assets and exit the newspaper business, the holding company’s co-CEOs said Friday.“We have a capacity in the coming five years to put capital exceeding $10 billion at work to play a consolidation game and to play the game in the big leagues,” Paul Desmarais Jr. said at a news conference after its annual meeting.He said the sum will be larger when including money to be invested by subsidiaries like Power Financial.A key area of focus is the U.S. pension fund business that is expected to undergo consolidation. Currently, it owns Putnam Investments, acquired in 2007.“It’s a very fragmented business and we will have an opportunity to be one of the big consolidators in this industry.”Desmarais added that the large Canadian holding company — which has assets around the world including a large stake in China Asset Management Co. — is examining some of its capital intensive businesses to see if they can be sold at attractive prices.Co-CEO and brother, Andre Desmarais, added that insurer Great-West Life and fund manager IGM Financial are not on the sales block.Desmarais said he expects other Canadian newspaper owners will take a hard look at its decision to transform its Montreal La Presse news group into a not-for-profit structure.The 130-year-old newspaper is owned by Square Victoria Communications Group, a subsidiary of Power, which plans to grant $50 million to the venture.Under the new structure, Power Corp. would no longer own the media company or have any ties with the not-for-profit structure.“I think it makes a lot of sense and I think it makes sense for English Canada as much as it does for Quebec,” he told reporters.Desmarais noted that all news media outlets are grappling with the rise of digital competitors such as Google and Facebook, and will have to figure out how to proceed.“Everyone will have their why now moment and probably a public company will have a why now moment a lot faster than a private company.”Part of the shift in La Presse’s ownership structure is designed to allow it to get donations and funding from government, which is unfeasible as long as it is owned by one of Canada’s richest families.“If I was in government I wouldn’t give a subsidy to the Desmarais family. It would be misinterpreted,” he said.But Andre Desmarais said he’s optimistic that the federal government, which is studying funding for national newspapers, will end up providing funding because it would want to help a medium that supports democracy. He noted that the CBC gets about $1 billion a year, but just for the broadcast medium.Meanwhile, Paul Desmarais told shareholders that the Lafarge board of directors, on which he is a member as the owner of 9.43 per cent in Lafarge-Holcim, was not aware of the cement maker allegedly funding Syrian militants until it was reported on by the media in 2016.“As soon as this matter was brought to its attention, the board of directors immediately initiated an independent internal investigation, the results of which were, on its own initiative, turned over to the authorities with the assurance of its co-operation,” he said in a statement read to reporters.It also implemented additional compliance and internal control measures.French and Belgian authorities are investigating several ex-employees for their alleged roles in indirectly funding groups including the Islamic State to guarantee safe passage for staff and supply of plants.The wrongdoing precedes Lafarge’s merger with Swiss company Holcim in 2017.Power Corp. says its net earnings more than doubled to a record $525 million or $1.13 per share in the first quarter, compared with $258 million or 56 cents per share in the prior year quarter.Excluding restructuring and other charges last year, adjusted profits were $269 million or 58 cents per share in the first quarter of 2017.Power increased its quarterly dividend 6.6 per cent to 38.20 cents per share, payable June 29 to shareholders of record June 8.———Power Corp. holds an investment in The Canadian Press as part of a joint agreement with a subsidiary of the Globe and Mail and Torstar Corp.Companies in this story: (TSX:POW, TSX:PWF).
Mumbai: A special NIA court here on Wednesday rejected the application filed by the father of one of the victims of the 2008 Malegaon blast case seeking to bar BJP leader Pragya Singh Thakur from contesting the Lok Sabha election. Malegaon blast accused Thakur, who is currently out on bail, is contesting the Lok Sabha poll from Bhopal in Madhya Pradesh on the BJP’s ticket. Nisar Sayyad, who lost his son in the blast, moved the court last week, urging it to bar Thakur from contesting the election after the BJP fielded her from Bhopal, where she is locked in a battle with Congress veteran Digvijay Singh. Also Read – India gets first tranche of Swiss bank a/c details He also mentioned in his plea that a petition seeking cancellation of her bail was pending before the Supreme Court. Rejecting his application, Special judge for National Investigation Agency (NIA) cases V S Padalkar said lawyers were well aware that this was not the proper forum (for the plea). “This court has not granted bail…wrong forum has been chosen,” he said. Thakur’s lawyer J P Mishra submitted before the court on Wednesday that she was fighting the election for the “cause of ideology and for the “sake of the nation”. Also Read – Tourists to be allowed in J&K from Thursday “She is contesting the election to condemn people who say there is Hindu terrorism,” Mishra said. Sayyad, in his application, said Thakur got bail on health grounds. If she is “healthy enough to fight elections in the crippling summers heat”, then she has misled the court, the complainant alleged. Responding to it, Mishra said, “Thakur has not misled the court. After the court’s order (on bail), she underwent an operation and was unable to walk in 2016. Her condition has improved now, but she has not fully recovered.” The lawyer said Thakur is contesting the poll, attending meetings and campaigning, but a doctor is always present with her where she goes. He also submitted that Thakur did not get bail only on medical grounds, but also on merit. Six people were killed and over 100 injured in a bomb blast at Malegaon, a communally sensitive textile town in north Maharashtra’s Nashik district, on September 29, 2008. The Maharashtra Anti-Terrorism Squad arrested Thakur and others in the case, alleging they were part of a Hindu extremist group which carried out the blast. The NIA later gave Thakur a clean chit, but the court did not discharge Thakur. It dropped charges against her under the stringent Maharashtra Control of Organised Crime Act (MCOCA), but she is still facing trial under the Unlawful Activities (Prevention) Act and Indian Penal Code sections.
New Delhi: The government on Wednesday curtailed the time period for sale of electoral bonds by the SBI in the current month to only 5 days from May 6, instead of 10 days as was announced earlier.The government, however, did not give any reason for reducing the time period for sale of electoral bonds. “The Government of India has now decided to restrict the next phase of Electoral Bonds sale to May 6, 2019 to May 10, 2019 (instead of May 6, 2019 to May 15, 2019 scheduled and notified earlier),” a finance ministry statement said. Ahead of the general elections, the government in February had announced that electoral bonds will be sold in three tranches from March 1-15, April 1-20 and May 6-15. The 7-phase general elections, which begun on April 11, will continue till May 19 and counting of vote will take place on May 23. Meanwhile, the Supreme Court is hearing a petition by NGO ‘Association of Democratic Reforms’ which had prayed that the issuance of electoral bonds be stayed or the names of donors be made public. The Supreme Court last month had asked political parties to furnish by May 30 all the details of funds received through electoral bonds to the Election Commission in a sealed cover. The government had brought in electoral bond scheme as an alternative to cash donations made to political parties as part of its efforts to bring transparency in political funding. The State Bank of India (SBI) has been authorised to issue and encash electoral bonds through its 29 authorised branches, in cities like New Delhi, Mumbai, Kolkata, Chennai, Gandhinagar, Chandigarh, Ranchi, and Bengaluru. The electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee political party if the bond is deposited after expiry of the validity period. The electoral bond deposited by an eligible political party in its account will be credited on the same day.
WASHINGTON — In a humiliating setback, President Donald Trump and GOP leaders pulled their “Obamacare” repeal bill off the House floor Friday after it became clear the measure would fail badly.It was a stunning defeat for the new president after he had demanded House Republicans vote on the legislation Friday, threatening to leave “Obamacare” in place and move on to other issues if the vote failed. The bill was withdrawn minutes before the vote was to occur.The president’s gamble failed. Instead Trump, who campaigned as a master deal-maker and claimed that he alone could fix the nation’s health care system, saw his ultimatum rejected by Republican lawmakers who made clear they answer to their own voters, not to the president.Republicans have spent seven years campaigning against former President Barack Obama’s health care law, and cast dozens of votes to repeal it in full or in part. But when they finally got the chance to pass a repeal bill that actually had a chance to get signed, they couldn’t pull it off.What happens next is unclear, but the path ahead on other priorities, such as overhauling the tax code, can only grow more daunting.And Trump is certain to be weakened politically, a big early congressional defeat adding to the continuing inquiries into his presidential campaign’s Russia connections and his unfounded wiretapping allegations against Obama.
Croatia midfielder Ivan Rakitic has told reporters that his wife predicted he would be decisive in their last 16 match against Denmark.Rakitic scored the winning penalty against Denmark after the match ended 1-1 following normal time and an extra 30 minute period. During a tense shootout, Croatia keeper Danijel Subasic saved 3 penalties to Kasper Schmeichel’s 2 in Denmark’s goal, before the Barcelona star stepped up to win the game.“This was one of the most emotional games in my career,” Rakitic said post-match, as the BBC reports.“As I was preparing for this last penalty, I was thinking only about my wife and my daughters.”“She told me I would be the one who would decide it in the end.”A dramatic tie in Nizhny Novgorod saw both teams cancel each other out for large periods, despite Croatia being strong favourites pre-match. Denmark gave everything and in Schmeichel they had a goalkeeper playing at the top of his game, even stopping a Luka Modric penalty in the second half of extra time.Modric made amends in the shootout, calmly dispatching his penalty to keep Croatia in the driver’s seat and his teammate Rakitic was quick to praise the Real Madrid star.Euro 2020 Qualifiers Betting: 06/09/19 Stuart Heath – September 6, 2019 With the international break in full-swing, here at Ronaldo.com we are going to take a look at Thursday’s Euro 2020 qualifiers match-betting odds.With a…“If Robert Prosinecki says that Luka Modric is the best player in the history of Croatia, then it is so,” he said.“There is no-one in Croatia who is better understood in football than he is.”“But Luka Modric is not only great in the field, he is a great person as well. It’s a pleasure to play against him in Spain, and it’s even better when we’re in the same team. He is our leader.”Modric will once again captain his national side this coming Saturday as they take on the tournament hosts Russia in the quarterfinals.
Atletico Madrid boss Diego Simeone remains coy on the possibility of Chelsea striker Alvaro Morata joining the club.Morata a €65m signing from Real Madrid in the summer of 2017 but has struggled to produce the goods for the London side since his move.Rumours in the Spanish press are rife Morata will join Atleti on an 18-month loan deal for a €7.5m fee, while the club will also hold a €40m option to sign the Spain international permanently.Morata played for Atleti during his youth career and while Sevilla and Barcelona have both been linked to his signature this month, a move back to the Spanish capital now appears the most likely outcome.“It has not happened yet so it is not a reality,” Simeone told reporters on Friday, as cited by Football Espana.“I will only talk about players who are at this club and if Morata does join us, then I will tell you what I think.”La Liga Betting: Match-day 4 Stuart Heath – September 14, 2019 Despite it being very early into La Liga season, both Barcelona and Real Madrid have had unprecedented starts to their campaigns. With this in…The club is considering the option of sending out Nikola Kalinic and Gelson Martins with Monaco and Arsenal the most likely destination.Los Rojiblancos are at the limit of their capped wage at €293m per annum and would be looking to balance the account.Diego Simeone provides an update on the Alvaro Morata transfer ⌚ pic.twitter.com/PbMgoLgxdM— Goal (@goal) January 25, 2019
The Native Village of Nanwalek has restricted water use and implemented distribution of non-potable water for non-consumption purposes. In addition, Nanwalek has received, and is distributing, bottled drinking water until a solution to the community’s problems can be found. Facebook0TwitterEmailPrintFriendly分享The Kenai Peninsula Borough (KPB) on Thursday issued a Local Disaster Declaration on behalf of the City of Seldovia and the Native Village of Nanwalek due to a rapid depletion of water the communities’ water reservoirs. Water conservation measures have been implemented, and bottled drinking water has been ordered. The KPB’s local disaster declaration initiates a request for a State Declaration. The request to Governor Mike Dunleavy asks for activation of state public assistance program to address ongoing emergency needs in both communities. Specifically, the KPB has requested technical assistance and access to state resources in order to keep both communities supplied with water. The Borough Office of Emergency Management (OEM) is responsible for coordinating the resources and entities contributing to the management of this emergency. Here is a link to the Emergency Declaration: https://tinyurl.com/Emergency-DeclarationHere is a link to the media release: https://tinyurl.com/Declaration-News-Release
X 00:00 /03:59 “I had someone say the other day – ‘Just move it 70 miles south and you’ll have no problems,’” says Allen Fore, vice president of public affairs at Kinder Morgan. “Well, I assure you that someone owns property 70 miles south, and there are other concerns and issues that would present themselves on any significant reroute.”But pipeline opponents say they shouldn’t have to take the company’s word on that. They point out that in Texas there is no public process or oversight that happens before letters go out to property owners saying a pipeline’s coming.Julia Reihs/KUTLuke Ellis, a lawyer for landowners opposing the pipeline, says there’s “virtually no oversight” of for-profit companies taking land for a pipeline.If a landowner doesn’t want the pipeline, the company can use eminent domain to take the land anyway.“One of the first questions we always get from a property owner is: ‘How in the world can a private, for-profit pipeline company take my land?’” says Luke Ellis, a lawyer representing landowners, including Sansom, in their negotiations with Kinder Morgan.He says all a company has to do to claim the right to take land is fill out a form and file it with the Railroad Commission of Texas, the state’s strangely named oil and gas regulator“You and I could form an LLC tomorrow and we could start to submit a T-4 permit to the Railroad Commission saying that our LLC wants to build a private, for-profit pipeline company,” Ellis says. “There’s virtually no oversight there.”That’s something Texas has been grappling with in the courts and at the Capitol for decades. During the last several legislative sessions, lawmakers representing property owners have filed bills to overhaul the system, and the oil industry and others that use eminent domain have fought those efforts. In the end, nothing much changes.“I just think that there’s a huge coalition of … entities that take properties, that coalesce to lobby the Legislature in a way where they do not want to change the framework,” Ellis says.Emotions ‘Stirred Up’When these debates rise up, the industry usually points out that the use of eminent domain is pretty rare.Fore says the company is working with landowners to make them happy, and part of that is arriving at agreeable compensation for the land. He says the last thing the company wants are unhappy landowners.“Eminent domain is an absolute last resort and that’s not just some talking point that we came up with; that’s reality,” he says. “Because an adversarial relationship with a landowner that you cannot reach agreement with is an adversarial relationship that is going to be with you for a very long time. And that’s just not good.”But in some cases, an adversarial relationship is what happens.At the Hershey Ranch, Sansom says he wants a change in state law to create more oversight over pipeline companies. And, he says, with a new legislative session getting started not far away in Austin, the time is right.“I’m excited that it’s got people stirred up out here,” he says. “People in the Hill Country are not happy about this.”This article was originally published on http://www.kut.org/ Share Listen The quickest way there is through the Hill Country, including places like the Hershey Ranch in Gillespie County.The ranch, a 1,500-acre spread of rolling hills and weathered terraced fields, is dotted with trees, ponds and structures dating from the 1800s. If the pipeline is built underneath it, Kinder Morgan would also control about a 100-foot-wide swath of land above the pipeline to maintain it.Julia Reihs/KUTAndy Sansom says the pipeline will go “right through the heart” of his Hershey Ranch.“It will go right through the heart of the ranch,” says owner Andy Sansom.Sansom is a well-known conservationist, who once headed up the Texas Parks and Wildlife Department. He’s especially upset about the pipeline because the Hershey Ranch is private conservation land, where no development is supposed to occur. But, he says, his neighbors with more traditional properties don’t want the pipeline either.“There are few parts of our state that are as iconic as the Hill Country,” he says. “It’s very clear that the people who live out here see this as an assault.”Eminent DomainThe idea that the Hill Country may be too “iconic” for this pipeline is something you can expect to hear more of as the project gets underway. Opponents have already raised concerns over the potential environmental, aesthetic and public health impacts. Kinder Morgan says it’s willing to make small adjustments to the route to accommodate landowners. But the pipeline is coming. To embed this piece of audio in your site, please use this code: Julia Reihs/KUTKinder Morgan is building a 430-mile pipeline from West Texas to the Gulf Coast. The quickest route: through the Hill Country.A fight over a pipeline is never only about the pipeline. It’s about the environment, property rights, public safety and a community’s sense of itself. Just such a fight is now brewing in the Texas Hill Country, where company Kinder Morgan plans to lay a part of its 430-mile natural gas Permian Highway Pipeline.The Houston-based company says the time is right for the project. An unprecedented drilling boom in West Texas means there’s more oil and gas coming out of the ground than companies can ship to market. The pipeline would carry natural gas to the Gulf Coast, where it can be sold domestically or exported.
June 17, 2015 Never mind those dreams of using a handheld device to steer your car from the back seat, James Bond-style — the real purpose of remote control may be to get your vehicle past a muddy trench.Jaguar Land Rover is developing smartphone control technology that lets you pilot a car (in this case, a Range Rover Sport) at very low speeds while you’re outside, helping you get past difficult terrain or tricky parking spots. You have to operate everything manually at the moment, but the hope is that this will eventually bring a level of push-button autonomy where you simply tap a button to get around some rocks or back out of your garage.That may be closer than you think. The company has a Range Rover Sport test model that can autonomously perform a 180-degree turn by using sensors to detect available space, and there’s plans for a “solo” model that could handle any situation by itself.Jaguar Land Rover isn’t fond of vehicles that are solely autonomous (that would “take away the fun of driving”), but the hope is that your future ride will let you engage a self-driving mode whenever a hands-on approach would be too much of a hassle. In that sense, phone-based commands are an important early step — you aren’t obliged to keep your hands on the steering wheel the entire time. Register Now » Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 2 min read Growing a business sometimes requires thinking outside the box. This story originally appeared on Engadget
In the keynote, at the ongoing WWDC 2018, Apple has shared their latest version of Augmented reality toolkit, ARKit 2.0. The primary focus of Apple this year is primarily on improving the user experience and making the Apple devices perform better with improved functionalities. ARKit 2 features realistic rendering, multiplayer experiences, a new file format, and more. Shared Augmented reality With ARKit 2.0, you can now collaborate with multiple other users in a virtual environment. Apple says “Shared experiences with ARKit 2 make AR, even more, engaging on iPhone and iPad, allowing multiple users to play a game or collaborate on projects like home renovations.” There is also a new spectator mode, if you are keen on watching the game, instead of playing it. With this mode, you will see and experience what the players see and observe. AR that stays the same Persistent AR, as Apple likes to call it, is also another fabulous feature in ARKit 2.0. You can now leave virtual objects in the living world and then return back to them later in time. Interacting with AR becomes more life-like as you can now start a puzzle on a table and come back to it later in the same state. Image detection and tracking also get an update with ARKit 2.0. It can now detect 3D objects like toys or sculptures, and can also apply reflections of the real world onto AR objects. A new file format Apple has introduced a new open file format, usdz, in collaboration with Pixar. This file format is optimized for sharing in apps like Messages, Safari, Mail, Files, and News while retaining powerful graphics and animation features. The format enables the new Quicklook for AR feature, which allows users to place 3D objects into the real world. usdz is a part of the developer preview of iOS 12. It will be available this fall as part of a free software update for iPhone and iPad 2018 models. The Measure app Apple also unveiled its very own AR measuring app. The new iOS 12 app automatically provides the dimensions of objects like picture frames, posters, and signs, and can also show diagonal measurements, and compute area. Users can either take a photo or share these dimensions from their iPhone or iPad. You can tune into Apple’s WWDC event website to watch the keynote and read about other exciting releases. Read Next WWDC 2018 Preview: 5 Things to expect from Apple’s Developer Conference.Apple releases iOS 11.4 update with features including AirPlay 2, and HomePod among others.Apple steals AI chief from Google.
Minor Hotels (MH) has announced the debut of its luxury Anantara brand in Jeddah, Saudi Arabia. Scheduled to open in 2019, Anantara Jeddah Resort will be located on the waterfront in Obhur in the city’s upmarket northern district and will offer 226 guest rooms and 102 two to five bedroom villas. The property, owned by SAB Group, was previously a luxury residential compound that will undergo a renovation and transformation led by cutting-edge international design architects.Facilities will include a selection of dining options with both indoor and outdoor seating, fitness and swimming pool areas, a kid’s and teen’s club and a library.For business guests, there will be a 500 square metre meeting room which is divisible by two, plus two further meeting rooms. The resort will have two receptions and lobbies with one dedicated for VIP arrivals.William E. Heinecke, Chairman and CEO of Minor International, commented, “We are delighted to announce Anantara Jeddah which represents Minor Hotels’ debut in Saudi Arabia and grows our presence in the GCC to four countries.”Sheikh Salah al Belawi, Chairman of SAB Group, added, “We are excited to bring the concept, experience and legacy of Minor Hotels through their flagship ‘Anantara Hotels and Resorts’ to Jeddah. We, at SAB Group, are delighted to partner with Minor Hotels and host the Anantara brand.”
Almost half of people will book at least one element of their next holiday independently, according to the results of a British Travel Awards 2008 survey.According to travelmole.com, 47 percent of travellers plan to book either their flights, car hire, airport to hotel transfers, accommodation or excursions independently from a tour operator in 2009.A further 29 percent of respondents said they planned to book their entire holiday both independently and using the internet.According to the website: “The research was carried out in the run up to October 2008 when consumers who voted in the British Travel Awards (over 90,000 votes were cast) were also asked to fill out a survey about booking patterns for 2009.”Some 26.5 percent of the 12,600 people surveyed said they were choosing to book a package holiday because they thought it was an “easier option”.The results suggest that the internet is becoming more important as a holiday research tool, with over half (54.55 percent) saying they regularly use it to research possible holiday destinations.easyJet was named best low-cost airline at the British Travel Awards 2008.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedMost Brits view their foreign holiday as ‘most important luxury’ of 2009Eight out of ten Brits think that their overseas holiday will be their most important luxury of 2009Internet becomes increasingly popular cheap flights search toolMore people are using the internet to research cheap flights to their holiday destination, new research has revealed.Survey shows that more holidaymakers are booking trips onlineMore holidaymakers are turning to the internet to find the best trip deals this year
Dutch cable operator Ziggo has confirmed that it will launch an initial public offering on the Amsterdam stock exchange.Ziggo plans to make a secondary sale of a portion of its ordinary shares, currently held by shareholders including affiliates of private equity players Cinven and Warburg Pincus. The ordinary shares will be sold to institutional and retail investors in the Netherlands and certain institutional investors overseas.JP Morgan and Morgan Stanley are the joint global coordinators for the IPO. Deutsche Bank, JP Morgan, Morgan Stanley and UBS are the joint bookrunners; ABN AMRO, HSBC, Nomura and Rabobank are the joint lead managers and ABN AMRO and Rabobank are the joint retail bookrunners. Société Générale is co-lead manager.Ziggo is the largest Dutch operator, with 4.2 million homes passed and three million subscribers. Ziggo generated revenues of €1.48 billion, representing organic growth of 7.4%, and EBITDA of €385 million in 2011, with 71% of EBITDA converted into operating free cashflow.Andrew Sukawaty, chairman of Ziggo said: “We are pleased to announce our intention to list Ziggo in Amsterdam. The company is fully prepared for a standalone future with full access to both the debt and equity capital markets. The IPO has always been a strategic priority and will be an important milestone for Ziggo. I believe Ziggo is ideally suited to the public equity markets, offering strong differentiation through a unique combination of both growth and returns for investors seeking high quality exposure to the European cable growth story.”Bernard Dijkhuizen, CEO of Ziggo, said: “We have strong growth momentum, based on a fully upgraded network, high quality products and continuous customer focus. The IPO is the logical next step for Ziggo. We will become a newly listed Dutch company, with the enhanced capital markets profile to support our growth strategy, in line with our scale and status as one of Europe’s leading cable operators.”
The BorgiasCBS AMC Networks EMEA Channel Partnership has taken on a number of CBS Studios International-sold dramas.In Poland, the CBS and AMC Networks International joint venture – knows as CBS Chellozone UK Channels before AMC bought Chellomedia – gets The Borgias (seasons 1-3) for CBS Europa The Good Wife (seasons 1-2) for CBS Drama and NCIS (seasons 1-2) and CSI: NY (seasons 1-2) for CBS Action this month.Blue Bloods (seasons 1-3) will launch across EMEA on CBS Drama in February.
In This Issue… * More thoughts on bonds … * RBA greases the tracks… * German DAX outperforms S&P… * Yen repatriation is over… And, Now, Today’s Pfennig For Your Thoughts! Strong PMI’s All Around The Globe! Good day… And a Tom Terrific Tuesday to you! A tricky, but successful first day on our brand spanking new computer system was had yesterday… Still some things to work out, but as our first IT guy used to say, “it’s not a bug, it’s a feature”, still rings true! So, onto day 2, and let’s see what’s in store for us today! Which is very similar to the currencies and metals… let’s see what’s in store for them today, eh? The volatility continues to rain down on these two asset classes… But in the whole scheme of things, the dollar remains in the down trend, and will remain there, with blips higher from time to time, until we correct the debt / deficit problem, or at least, get on the road to correcting them, but as I like to say in my presentations, the U.S. GPS navigation system isn’t working, for they can’t even find the road to correction! Ok… I spent a lot of time yesterday talking about the nearing end of the long standing bond rally… Here’s another thing to keep in mind regarding that thought, and that is: That the Fed’s Twist & Shout, I mean, Operation Twist, will end in the 2nd QTR… which means that the market will have to absorb more than 70% more in bonds per quarter going forward… and that alone could very well be enough to send yields even higher! Well, yesterday I also talked about the Chinese PMI (manufacturing index) and how strong it printed… Well, it must be something that’s catching around the globe, because not only did the U.S. too print a stronger than expected PMI (we call it ISM), but so too did Canada! And that’s a real good sign for global growth, folks… And like I said yesterday, the proxy for global growth has always been the Australian dollar (A$), and I do believe the A$ will continue to be supported by the global growth machine that’s beginning to show up around the world. Right now, the A$ is feeling a bit pinched because the Reserve Bank of Australia (RBA) sounded quite dovish last night, and mentioned rate cuts in their statement, which sounded like…. “Interest rate expectations are going to fall, and this will continue weigh on the Aussie dollar”… As I said yesterday, I don’t see the need for the rate cuts, given the data I’ve seen, but this whole scenario plays well with James Rickards’ book Currency Wars… The thing I didn’t talk about yesterday, with China’s manufacturing report is that the reports of a hard landing for the Chinese economy seem to be exaggerated, eh? Recall that I’ve said all along that I believed that the Chinese economy would “moderate”, not collapse… The U.S. stock rally continues to amaze me… But then, the Fed has been priming the stock market pump for some time now, so eventually, we should have seen a stock rally… But I saw something this morning that caught my eye… The German DAX is beating the S&P 500 by the most since 2006… Again, this is a result of the global growth news… But let’s not downplay this move in the DAX, for the German stock index has topped every developed market tracked by Bloomberg this year… As I’ve said for some time now… if we could just buy Germany… but we can’t, not without all the baggage… Speaking of the baggage, while everyone is focused on Spain… Ireland is beginning to rumble again… But yet, the euro gains in value… It’s called relative value… Here in the U.S. we saw a data print on Friday, that I failed to talk about yesterday, basically because the news item was buried in the over 850 emails I had to sift through yesterday… Recall me talking about the TV commercial from the world famous St. Louis rock station, KSHE, where the daughter is appalled that her dad hears the opening chords to the song, Brown Sugar, and begins to play the air-guitar, and she cries… “Mom, he’s doing it again”… Well, that same thing could be played out for the U.S. Consumer… Once again, we are on a path to destruction, as we spend more than we make… Personal Spending in February was stronger than expected at .8%, while Personal Income was up only .2%, thus causing a drop in the savings rate from 4.3% to 3.7%… But it’s not just one month here folks… January and December spending rates were revised upward… When will we ever learn? When, will, we, ever, learn? But this is what the Fed wants… they’ve primed the pump for another bubble, folks… you never know where a bubble is going to pop up, but with all the Quantitative Easing, stimulus, and everything else that’s gone into reviving the U.S. Consumer, a bubble was imminent… While I’m on stuff here in the U.S., this Friday will be the Jobs Jamboree for April, using March jobs data… This Friday is also Good Friday for those of us that observe Easter, which means the stock market will be closed, so a large piece of the markets will be missing… and that could cause some very volatile reaction to the jobs number… Right now, the “experts” are thinking that 205,000 net jobs were created in March… But going back over the years on Good Friday, the Jobs Jamboree has held some HUGE surprises for the markets… Since 1994, there have been 5 previous Good Friday Job Jamborees, and 3 of the 5 held some HUGE surprises to the upside for the Jobs Jamboree participants… So, we need to keep that in mind as we head into Friday… The price of Oil rebounded by $2 yesterday, back to $104… but for the most part, the petrol currencies are not reacting to that move… There comes a time when the volatility in the asset prices just becomes noise, and the assets just don’t react to the daily gyrations… As I like to say, they become Comfortably Numb… The Brazilian real has really fallen on difficult times, as once again the Brazilian Gov’t complains about Currency Wars, but then goes about doing what it can to weaken its own currency… We’ve seen several of these moves to weaker values in the real over the years, only to be eventually reversed… I don’t know if this is another case where a reversal will be seen, but at least you are armed with the fact that the real has reversed in the weak moves in the past… The price of Gold is pretty flat this morning… I read a report from Jeff Clark of Big Gold yesterday that really made sense to me, and plays well with my “everyday observations”… What Jeff wrote about was that the price of Gold is being supported by the fact that “real interest rates” in the U.S. are negative… He points out that the Fed continues to say that current rates will remain near zero for at least another year, and maybe longer. He then points out what I’ve pointed out for some time now that inflation continues to grow higher, which means the “real interest rate” will remain negative… For those of you new to class, “real interest rates” are derived from the net of bellwether, 10-year Treasury yield, minus inflation… Ok… enough of that! The Japanese yen continues to defy gravity… The need for the “safe haven” trade in yen is over… but I think for the most part that March repatriation of yen which is what we see every year, offset the unwinding of safe haven trades… So, Bullwinkle, what do you have up your sleeve to amaze the markets now? I still don’t think yen is a so-called safe haven, and I certainly don’t think that it has much else going for it, at this point. Then There Was This… So… did you hear about the CFTC (Commodities, Futures Trading Commission), accusing the Royal Bank of Canada (RBC) of “wash trades”? here’s the skinny and then my thoughts… From the Wall Street Journal… “U.S. regulators alleged a “wash trading scheme of massive proportion” by Royal Bank of Canada, which was accused in a lawsuit of unlawfully trading hundreds of millions of dollars in stock futures in order to get tax benefits. The Commodity Futures Trading Commission filed the civil lawsuit against the Canadian bank in the Southern District of New York on Monday. The CFTC alleged that Royal Bank of Canada broke laws banning “wash trades,” or trades a firm does with itself to make it look as if stocks or other securities have been bought and sold.” Chuck again… OK… RBC denies these claims, and said, the allegation was “absurd.” And the spokesperson went onto say that, “The lawsuit is “meritless and we will rigorously defend ourselves against such baseless allegations.” Well… that’s all fine and good… but I want to know when the CFTC is going to do anything about the allegations that the whistle blower made about metals price manipulation… To recap… Manufacturing around the world is on an upswing, which is good news for the global growth campers… China, the U.S. and Canada all reported stronger than expected manufacturing index numbers. The RBA left rates unchanged but greased the tracks for future rate cuts… I still don’t believe they are necessary, but the RBA seems to have an axe to grind here. Be careful of the Good Friday Jobs Jamboree this week… Currencies today 4/3/12… American Style: A$ $1.0380, kiwi .8225, C$ $1.0085, euro 1.3345, sterling 1.6015, Swiss… $1.0185, … European Style: rand 7.6680, krone 5.6705, SEK 6.5865, forint 220.10, zloty 3.0945, koruna 18.4375, RUB 29.28, yen 82, sing 1.2515, HKD 7.7645, INR 50.67, China 6.2862, pesos 12.75, BRL 1.8315, Dollar Index 78.80, Oil $104.44, 10-year 2.18%, Silver $32.98, and Gold… $1,678.55 That’s it for today… Congrats to the Kentucky Wildcats on their NCAA Basketball Championship… I held Kentucky in our office pool that we do for fun… it just means I get to buy lunch! I feel bad for missing this, but it was my first day back yesterday… But Happy Birthday to both Tim Smith and Antione Lawrence who celebrated birthdays on April 1 and 2 respectively… I got to see Alex play a little at his Water Polo game last night. His team was winning by a large margin, so the freshmen all got more playing time… Last week, he scored 6 goals in a game! Little Braden Charles was at the game, and we exchanged Aw’s before he fell asleep. How anyone can sleep at a Water Polo Game is unbelievable, but he did! And with that, I’ll get out of your hair for today… I thank you for reading the Pfennig, and hope you can go out and have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com