That stance hasn’t changed, as the Miami Herald’s Barry Jackson reported this week the Heat can’t find a “palatable trade scenario” for Waiters. The 27-year-old isn’t a high-value asset considering he hasn’t played more than 46 games in any of last three seasons with the Heat and the fact that he is due nearly $25 million through 2021.Waiters, who has averaged 14.0 points and 3.6 assists as a member of the Heat, found himself behind two-way player Chris Silva and Miami lifer Udonis Haslem ahead of the team’s game against the Nuggets on Tuesday. Considering the Heat are off to a 5-2 start with a number of intriguing options at guard — Jimmy Butler, Goran Dragic, Tyler Herro, Kendrick Nunn, Justise Winslow — president Pat Riley and coach Erik Spoelstra might be hesitant to bring Waiters back into the fold and risk ruining chemistry.The Heat could ultimately decide it is better to play Waiters to increase his trade value, but it would not be surprising to see Waiters stuck on his own little island as the Heat continue to climb the Eastern Conference standings. Any takers out there for a veteran shooting guard in exile? Anyone?Dion Waiters has yet to suit up for the Heat through seven games. He was suspended for the season opener because of a “number of unacceptable incidents,” but he has remained inactive following the punishment. It’s possible this relationship has reached the point of no return, so is it time for Miami to execute a trade? NBA MOCK DRAFT 2020: Knicks pick star guard at No. 1One problem here — there is no interest in Waiters.”[The Heat have] been trying to trade him since last Christmas,” one NBA general manager told Sean Deveney of Heavy.com prior to the start of the 2019-20 regular season. “No one was trying to take him on then. After this kind of thing, it would be really hard to take him on now. He has had this kind of junk attached to him just about his whole career.”
ENTERPRISE TOWN COMES TO BUNCRANA – PICTURE SPECIAL was last modified: April 15th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:buncranadonegalEnterprise Town
Kammuri turning to super typhoon less likely but possible — Pagasa View comments “I guess the boys really want to be in this position, contending for a Final Four (spot),” said San Sebastian coach Egay Macaraya. “Hopefully, everybody will step up so that we’ll have a better chance.”Perpetual Help dropped to 4-8, sharing seventh spot with Arellano, while St. Benilde moved to the brink of early elimination by slipping to a 3-10 card.The Pirates needed a late push to hold off the Altas, who once again drew a big game from Prince Eze, who had 26 points and 20 rebounds.Mike Nzeusseu, CJ Perez and JC Marcelino combined in a strong finishing kick that boosted the Pirates to a first Final Four appearance with five games to spare.Perez sizzled for 21 points, while Nzeusseu added 15 points to match JV Marcelino’s output and Spencer Pretta came off the bench to chip in 12 points, all from three-pointers.ADVERTISEMENT LATEST STORIES Already good for silver, Delarmino shoots for Muay Thai gold E.T. returns to earth, reunites with grown-up Elliott in new ad “If we’re goal-oriented, our goal is not just to make it to the Final Four but we have to go beyond that,” said Robinson, after the Pirates extended their historic run to 13 games.“It (making history) is really important to us, but if we could go further, I guess that’s what we’re aiming for. Again, you cannot be fat and happy just making it to the Final Four.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutLater, San Sebastian continued its Final Four push with a 73-61 drubbing of St. Benilde to forge a three-team tie for fourth spot.Renzo Navarro fired 16 points, while Michael Calisaan chipped in 11 points as the Stags improved to 6-6, tying Letran and Emilio Aguinaldo College. LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Read Next BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Lyceum star CJ Perez (left) and Perpetual’s Flash Sadiwa are left suspended in midair during a loose ball scramble. —AUGUST DELA CRUZMake no mistake about it, Lyceum is far from satisfied from just clinching a Final Four berth in NCAA Season 93.Pirates coach Topex Robinson immediately set loftier goals for his team after a 94-83 whipping of Perpetual Help secured a first postseason appearance on Thursday at Filoil Flying V Centre in San Juan.ADVERTISEMENT NCAA Season 93 Preview: Lyceum Pirates PLAY LIST 02:00NCAA Season 93 Preview: Lyceum Pirates02:12San Beda, Lyceum early favorites ahead of NCAA Season 9300:50Trending Articles01:37Protesters 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 students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Nonong Araneta re-elected as PFF president MOST READ Frontrow holds fun run to raise funds for young cancer patients Don’t miss out on the latest news and information. Brace for potentially devastating typhoon approaching PH – NDRRMC The Pirates still have their work cut out for them if they want to sweep their remaining matches that will actually guarantee a finals berth along with a thrice-to-beat bonus in the championship round. Fire hits houses in Mandaluyong City
New Delhi, Nov 3 (PTI) Veteran cricketer VVS Laxman has launched the cover of his much-awaited autobiography, “281 and Beyond” via Facebook livestream in association with Star Sports. The tell-all book, which will hit the stands on November 19, is co-written by sports journalist R Kaushik. Claiming to be a “candid, reflective, and deeply insightful”, the autobiography, as per Laxman, was in his mind since he retired from the international cricket. The book tells a “unique yet normal” story of a sportsperson of the country, he said during the cover launch yesterday.The title of the book has been borrowed from the “Hyderabad stylist’s” fabulous series-turning innings of 281 against Australia at the Eden Gardens in 2001. “The turning point in my life was the 281 knock. In the book, I have spoken about what led me to play the match and how I was able to get fit in time for the match… my batting with Rahul Dravid on the 4th day, how we built that partnership and more.”I think that Test series taught us a lot. It gave us a progressive and aggressive mindset that we can do well against anyone in the world,” the cricketer added.The book, according to the publishers – Westland, would give a peep into Indian cricket’s “dressing-room meltdowns”, Laxman’s “nuances of batting in different formats and on various pitches”, and then of course, his “learnings with coach John Wright” and the “rocky times under Greg Chappell”, among many other things. Laxman, who announced his retirement from international cricket in 2012, played 134 Tests, amassing 8,781 runs at an average of 45.97. He scored 17 centuries and 56 half centuries.advertisementHe also played in 86 ODIs for an aggregate of 2338 and average of 30.76 in the shorter format.The autobiography will be launched as part of the publishing house’s new imprint, Westland Sport. PTI MG MG MAHMAH
AC Milan ready to go for Man Utd striker Marcus Rashfordby Paul Vegas10 months agoSend to a friendShare the loveAC Milan are ready to go for Manchester United striker Marcus Rashford.Corriere della Sera says Milan are eyeing Rashford as an alternative to Alexandre Pato.Milan need to find a new striker after Zlatan Ibrahimovic chose to commit to a new deal at LA Galaxy.Rashford could attract an approach from Milan regarding a loan deal.The England starlet is highly regarded by United but has started just nine Premier League games this season and scored only four goals. TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Despite its techie name, “virtual R&D” actually refers to the way the process is directed and managed, relying mostly on outsourcing. The goal is to attain clinical proof of concept for a drug as efficiently as possible by building a lean core management team and outsourcing the bulk of the process. By Chris Wood, Senior AnalystAs an analyst who spends a great deal of time researching biotech and pharma companies, I’m well aware of the challenges facing the drug industry in the US today. From onerous regulation and an approval process that has made drug development prohibitively costly and complex to the pending patent cliff that puts more than $35 billion in annual sales at risk to the apparent decline in innovation suggested by the steep drop in patent applications from big pharma – all portend an increasing inability to replenish shrinking pipelines with new products… i.e., to produce drugs that improve and save lives. But the news is not all bad. Scientists and entrepreneurs (often one and the same) are fighting back. With computer-aided drug discovery, the rise of backyard biotech, and virtual R&D, developers are experimenting with numerous ways to cut costs and time from the arduous process. One new and particularly interesting effort in this area is a play on the well-known system-on-a-chip (SoC) technology from the world of computers, that can be described as human-organs-on-a-chip. I guess we can call it HOOC for short?Scientists have been experimenting with this concept of creating living systems on chips for more than a decade – cutting tiny grooves into silicon and plastic substrates, introducing living cells into the spaces, and hoping the end result will mimic a particular biological system, like a human organ. The idea is not to make replacement organs for transplant, but to replicate enough of an organ’s functions to make the chips useful in testing substances for toxic and therapeutic effects. Now the technology has finally advanced to near the point of practical application, and that could be a game-changer in drug development.As you no doubt know, in order for biotech and pharma companies to market their drugs in the US, they first must receive FDA approval. I won’t go into a lengthy description of that approval process here, but I will note that bringing a drug from the pre-clinical or discovery phase all the way to market can easily take more than a decade and cost significantly more than $1 billion. (Only about 1 in 10,000 compounds evaluated in the pre-clinical stage will ever successfully navigate the entire process.)A big part of that pre-clinical phase involves assessing safety and biological activity in the laboratory – especially in animal studies. (It’s difficult to access reliable figures, but it’s safe to say that billions of dollars a year is spent on animal tests.) The problem with these animal models (without even touching on the various potential ethical issues involved) is that, although they have historically been one of the most trusted tools in drug development, they are not actually all that predictive of the human situation. Not only do animal models fail to identify numerous drugs that are toxic to humans, they also derail drugs that would have been good treatments for patients.Of course this makes sense. We see it all the time in nature. The Sydney funnel-web spider is one of the most deadly spiders in the world to humans; but apparently its bite has little effect on the family dog or cat. At the same time, the venom of Australian tarantulas is deadly to dogs but relatively harmless to humans. Different animals evolved differently and have different biologies. Nevertheless, we continue to rely on expensive, time-consuming, and unreliable animal models in the drug development process because they’re the best we have. But what if something better came along?That’s where human organs on chips come in…We noted that scientists have been experimenting with the idea for some time. But a breakthrough came in mid-2010 when researchers from the Wyss Institute for Biologically Inspired Engineering at Harvard announced they had successfully developed a lung-on-a-chip. The device, which is about the size of a rubber eraser and is made using human lung and blood-vessel cells, actually mimics a living, breathing human lung.Prior to lung-on-a-chip, tissue-engineered microsystems were limited either mechanically or biologically. According to Judah Folkman, professor of vascular biology at Harvard Medical School, the Wyss group used a novel microfabrication process employing clear rubbery materials and took a new approach to tissue engineering “by placing two layers of living tissues – the lining of the lung’s air sacs and the blood vessels that surround them – across a porous, flexible boundary. Air is delivered to the lung lining cells, a rich culture medium flows in the capillary channel to mimic blood and cyclic mechanical stretching mimics breathing.”Basically, you have a porous membrane with human cells from the lung’s air sac on one side and human capillary blood vessel cells on the other side. There’s air flowing through the channel on the lung side and a medium (like blood) with human blood cells in it flowing through the channel on the capillary side. The whole thing stretches and relaxes like our lungs do when we breathe. And it does a good job replicating the natural responses of living lungs to various stimuli. Just as the living lung-blood interface recognizes invaders such as inhaled bacteria or toxins and activates an immune response, so too does lung-on-a-chip. The researchers tested this by introducing E. coli bacteria into the air channel on the lung side of the device while concurrently adding white blood cells to the channel on the blood vessel side. The lung cells detected the bacteria and, through the porous membrane, activated the blood vessel cells, which in turn triggered an immune response that ultimately caused the white blood cells to move to the air chamber and destroy the bacteria. I’m pretty sure you don’t even have to be a nerd like me to think that’s cool.Lung-on-a-chip was just the beginning. The Wyss Institute also has kidney-on-a-chip, bone-marrow-on-a-chip, and its newest creation, gut-on-a-chip – a silicon polymer device about the size of a flash-memory stick that mimics complex 3D features of the human intestine – was just announced at the end of March. All could prove to be valuable diagnostic tools in the development of safe and effective new therapeutics.The bottom line: In theory, since these human-organs-on-a-chip use human cells and mimic both the mechanics and biology of the organs they represent, they would be more predictive than animal models, so drug failure rates would be lower. Modeling with these chips would cut costs and reduce the time involved in the drug-discovery process. The technology is so simple that scientists without any engineering background could easily use it to screen for things like toxicity using much smaller amounts of the test drug.It’s still too early to tell how successful this field of research will be. But the recent advancements make the thought of doing away with animal models for drug testing entirely and replacing them with tiny micro-engineered devices that incorporate human cells and reconstitute organ level functions seem a little less crazy today.Ultimately, the goal is to integrate the various organs-on-a-chip into a whole microsystem-like human-on-a-chip, as well as to develop personalized chips that could predict a specific individual’s drug response. Amazing. But this is still years away.I usually like to conclude these pieces by discussing potential investment opportunities related to the technology I’ve introduced. Much of the best work in the field, however, is still tied up in private or taxpayer-funded labs like the Wyss Institute. And while companies like CellASIC, Hurel, and Hepregen have successfully transitioned from academic labs to producing and marketing chips or substrates that grow primary cells in ways that have functionality for pharma testing and validation, they are not publicly traded. So, to invest in this technology, we’re just going to have to wait a bit longer.How long we’ll have to wait is unknown. We do know that pharmaceutical companies are interested in the chips, but for the most part they’re proceeding with caution. The concern, of course, is that the chips may not capture certain necessary aspects of living physiology the way whole-animal models do.It’s also important to recognize that the FDA has to get on board with the idea that the chips are a valuable research tool before the technology can really take off. The good news there is that they’re at least already considering the idea. According to Jesse Goodman, chief scientist and deputy commissioner for science and public health at the FDA, the agency is preparing guidelines on how to replace animal tests with chips or related technologies, including computational and cell-based screening.So stay tuned. I’m quite certain we’ll be hearing a lot more about these human organs on chips soon.Bits & BytesProject Glass (Google)Google has finally released some official information on the heads-up display glasses that we mentioned in one of our Bits & Bytes sections at the end of The Technology Investor titled The Promise of Nanomedicine. It’s not much, and the project is apparently far from over. But Google finally decided to share some basic information because it wanted feedback about the project. So it took a few design photos to show what the technology could look like and created a video to demonstrate what it might enable you to do. I recommend watching the video; it’s pretty cool.German Police School FBI on Computer Surveillance (Slate)In response to an official inquiry from a member of the German Parliament, the German government has recently released documents indicating that between 2008-2011, representatives from the FBI, the UK’s Serious Organised Crime Agency (SOCA), and France’s secret service (the DCRI) were among those to have held meetings with German federal police about deploying “monitoring software” used to covertly infiltrate computers and spy on “suspects.” Nothing to like here, but the only really surprising thing about the story is that the FBI wasn’t too arrogant to take tips from their German counterparts. And besides, if the FBI needs help spying on citizens, all it needs to do is talk to the NSA.New Tech Detects and Could Possibly Eliminate Seizures (gizmag)The SmartWatch is one of two recently developed technologies that could make life easier for people prone to seizures.The Office of the Future? (Business Insider)A company called Eagle Investment Systems has taken techie office upgrades to the extreme, in what it calls the “high-performance workforce.” I don’t know how much performance would actually be improved by some of this stuff, but the upgrades are impressive.One last note before we close up today’s Casey Daily Dispatch. Three new Casey phyles are being formed: in Houston, TX; in northeastern Indiana; and in Manila, Philippines. Anyone interested in learning more about any of these phyles or checking if an existing phyle is nearby, please email us at firstname.lastname@example.org for more information.
In This Issue. * Bias to buy dollars enters the currencies. * Krona, renminbi, and Gold buck the dollar bias! * Euro rallies and then gives it all back! * Palladium reaches a 14-year high! And Now. Today’s A Pfennig For Your Thoughts. Swedish CPI Mocks The Riksbank! Good Day! And a Tub Thumpin’ Thursday to you! It will be Argentina VS Germany for the World Cup on Sunday, as yet another high level game was decided by penalty kicks. UGH! But that’s the rules of the game, so be it! I’m near the bottom of all the people that picked the games of the World Cup Tournament Pool that I entered. Which means I don’t know Jack about teams from Nigeria, or Iran, etc. But I did pick Argentina to win it all, and I still have a chance there! Our own soccer legend, Ty Keough, has a fave player and it was Diego Maradona from Argentina. Any discussion we have on the desk about soccer players, always ends up with a story about Maradona from Ty. Just like any discussion I ever have with anyone that wants to know what I do, always ends up with me talking about debt in the U.S. I just don’t know how the debt in the U.S. isn’t on everyone’s minds. Yes, I know, there are quite a few Americans that don’t believe that this debt is going to be a problem, and we should just keep buying stocks and forgetting about what’s buried in the closet. Our “leaders” are very good at “forgetting” about the debt. And our Central Bankers just turn the other way. So, I always take it upon myself to make sure that anyone I talk to for the first time realizes the dire straits we are in as a country with regards to debt. OK. The currencies were led higher VS the dollar yesterday by the Big Dog euro. I told you yesterday about the statement that was made by ECB member Coeur, who said that, “It is wrong to say that the euro is too strong”. After this comment made the rounds here in the U.S. traders began to push the envelope of euro strength, higher and higher. The euro pushed to 1.3640 by midday, but things have moved against the euro in the overnight sessions, and it is back down to 1.3625, as I write. In fact, the overall tone of the currencies this morning is one of a bias to buy dollars. The Fed’s FOMC Meeting Minutes revealed that even though Fed Chair, Janet Yellen, says that she’s not seeing any asset bubble, some Fed members expressed concern that investors are getting too complacent and that will push the Fed Members to be on the lookout for excessive risk-taking.. Now wouldn’t it be nice, if we could wake up in the morning when the day is new, NO! Wait! No time for the Beach Boys! I’m saying that wouldn’t it be nice if the Fed Members would have told us what they plan to do, if (and that’s a BIG IF) see investors taking on excessive risk. The problem is, folks. I’m sure they don’t know. But I’ll step back here and remind everyone that when the last stock market bubble was going strong, I was adamant about how the Fed should raise the initial margin requirement, and maintenance requirement, that would have knocked the stuffing out of the euphoria in the stock market. And so, I’ll step back up on the soapbox and try to get a message through to the Fed and remind them that they have that power to raise the requirements on margin accounts, and what a wonderful tool that would be to use! So. Anyway, now that I’ve said all that, I’ll come back to the fact that the Fed Meeting Minutes really started all this turnaround in the bias for the dollar. The dollar was assisted in its reversal of fortune overnight by a labor report in Australia, which showed that employment growth was stronger than expected, BUT. the Unemployment Rate rose to 6% (from 5.9%), and apparently this 6% rate was quite psychological for the Aussie dollar (A$) got taken to the woodshed, and has not come out of it yet this morning. Recall that on Monday this week, I told you that later in the week the data and other stuff would return, and it all began yesterday afternoon with the Fed’s Meeting Minutes, then the Aussie Labor Report, and Chinese data and so on. One of those “so on” things is the Bank of England (BOE) meeting that’s going on while my fat fingers type away. What do you get when you work your fingers to the bone? Bony fingers! HA! But the BOE isn’t going to change anything right now, even though BOE Gov. Carney, told everyone last week that “interest rates would be going up sooner than thought”.The pound sterling has been drifting ever since the negative IP print earlier this week, and will continue to do so, after the BOE doesn’t upset the apple cart.. There are a few currencies that are bucking the bias to buy dollars this morning. The Biggest move came from the Chinese renminbi / yuan. Chinese June Trade Data printed overnight, and showed that while things were not as vibrant as they thought they might be, the data showed that the economy has stabilized and growing albeit at a slower pace. For those of you keeping score at home, the Chinese Trade Surplus was $31.6 Billion ($36.9 Billion was expected). But I don’t think the data had anything to do with the large appreciation in the renminbi. I put that down to Chinese games. The games the Chinese play whenever they are visited by U.S. officials. They allow the currency to appreciate for 3-5 days, so they can point to that and tell the U.S. officials that they are doing whatever they can to boost the currency VS the dollar. For the first time this year, Swedish Consumer Inflation (CPI) was an upside surprise! Surprise! Isn’t that just grand? Just last week, the Swedish Central Bank, the Riksbank, threw the krona under the bus, by cutting interest rates, only to see inflation rise at a fast pace the next week. That’s what the Riksbank gets for cutting rates and debasing the krona! In Chuck’s world, where data, and currencies and stuff are alive and animated, I can see Swedish CPI mocking the Riksbank, saying neener, neener, neener! Well, needless to say, but I will anyway, the krona is on the rally tracks since the CPI report printed and is a close second to the renminbi / yuan in appreciation VS the dollar this morning. Also, here are the numbers in case you want to record them. Swedish CPI was up .8% year on year (from .5%) So, yes, CPI isn’t a problem here, but when you see increases like that in one month you begin to wonder if this is a new trend, and when you add in that fact that the Riksbank just cut rates last week, the thought of a new rising inflation trend isn’t that difficult to fathom! And the other currency that is taking liberties VS the dollar this morning is Gold. Gold is up $15 this morning.. And don’t look now (OK look if you want to!) but Palladium has reached a level that it hasn’t seen since 2001. But coming back to Gold. Everything I read, including the Economist, says that tensions in the Middle East are rising, and that the ISIS group is just building their arsenal to ready for a huge strike. So with stuff like that out there, you can figure out very quickly why Gold is rallying. Forget the rate talk, this geopolitical stuff is riding herd on Gold right now. It will be interesting to watch the trading in Gold unfold from here, as this $1,330 level that Gold is approaching has been a real key resistance level. Of course, that is, as long as the price manipulators keep their hands out of the cookie jar. Well, the Big Surprise from Canada yesterday that under lock and key turned out to be a big nothing. And the Canadian dollar / loonie was set adrift with the other currencies bowing down to the U.S. dollar this morning. The Indian rupee was back over the 60 handle this morning, and one wonders if the Reserve Bank of India (RBI) is intervening again, given the fact that the price of Oil has retreated once again, and is now below $102 this morning. The rising price of Oil was given as the reason for the downward move in rupees a couple of weeks ago, so one would believe that a dropping Oil price would help the rupee recover. That is, unless there was some intervening going on to help exporters. The RBI has a history of doing just that. I thought that when new RBI Gov. Rajan took over last summer that this intervening would end, given the inflation problems in India. For we all know, and I’m sure he does too, that a strong currency goes a long way toward combating inflation pressures! Basically, I think that the RBI wants to see the rupee here at 60. So, get used to it for now. Let’s see what the new Indian leader, Modi, presents to unlock the economy, and then maybe the RBI won’t stand in front of rupee strength. The U.S. Data Cupboard still doesn’t have much to view this morning, with the usual Tub Thumpin’ Thursday fare of Weekly Initial Jobless Claims on the docket. and then some minor data prints. Next week, we get back on the Data Express with stuff like Retail Sales, which the BHI tells me we should be looking for a better number in June than was printed in May. We’ll also see two of my fave prints, Industrial Production and Capacity Utilization. I’ll be long gone on vacation when the good stuff begins to print, and I probably won’t be checking to see what they do, or how the markets react, as I’ll be busy trying to keep tourists from attempting to roll me back into the ocean! HA! And then back to the other metals for a minute. I mentioned above that Palladium had reached a level that it hadn’t seen since 2001, according to the Bloomberg. That level was $875. Let me go over this move in Palladium the past year. Last September, Palladium was trading around $681. So, fast forward to now, and it’s $875. That’s a cool 22% gain in less than a year! And I don’t think for one minute that Palladium is finished with rallying. Remember what I told you about Vehicle Sales, well, Palladium and Platinum will continue to be underpinned by those Vehicle Sales. For What It’s Worth. I mentioned our own soccer legend, Ty Keough, above, and that jogged my memory to something that Ty had sent me yesterday that he saw on MarketWatch. So, let’s see what Ty had on his mind before he took off to play in the over 55 soccer championship this weekend! “German and French companies are using renminbi to trade (RMB) and now, increasingly, American businesses are too. More U.S. businesses are using RMB to settle trade and more plan to use it amid expectations by business leaders that their trade with China will increase in the next 12 months. Seventeen percent of U.S. businesses leaders said their companies had used RMB to settle trade this year, up from nine percent last year, according to an HSBC global survey of international business decision makers in 11 countries, including 102 in the U.S. The global average was 22 percent. This places U.S. businesses just behind French (26 percent) and German (23 percent) businesses in terms of RMB use outside of China, Hong Kong and Taiwan. Furthermore, 22 percent of U.S. businesses, who aren’t already using RMB, said they plan to use it within the next six months to five years, up from eight percent a year ago. Globally, an average of 32 percent of leaders said they planned to use RMB in the future. “As China continues to internationalize its currency, there are more opportunities and considerations in trade, investment, cash management and funding for U.S. companies,” said Steve Bottomley, Group General Manager, Senior Executive Vice President, and Head of Commercial Banking for North America, HSBC Bank USA, N.A. “U.S. businesses are becoming more comfortable using RMB and are increasingly making it, or looking to make it, a part of their competitive strategy and planning.” Still, most U.S. businesses surveyed said they don’t use RMB because they don’t understand or aren’t aware of the benefits of using it. However, two-thirds of companies in mainland China and Hong Kong said foreign firms doing business with China gain financial and relationship advantages from using RMB, including receiving discounts on RMB-denominated transactions. Additionally, global leaders said the top reasons for using RMB were meeting demand from counterparties, minimizing foreign exchange risks and increased convenience.” Chuck again. So, the wider distribution of the renminbi is really spreading its wings, and still people in the U.S. just don’t get it! And then one day, it’ll happen. the renminbi will take over as the reserve currency, and sends the U.S. economy to its knees, and everyone, except you dear Pfennig readers, will say, “How’d that happen?” and “What happened to our dollar?” To recap. The currency rally that had gone on this week up to yesterday afternoon, was suddenly turned around to a dollar rally. It may have been the Fed’s Meeting Minutes, and then it may have been something else, like safe haven buying due to the tensions in the Middle East rising once again. Gold is rallying on the geopolitical pressures, and Palladium has reached a 14 year high! The BOE left rates unchanged this morning, and Swedish CPI was mocking the Riksbank by rising at the fastest pace in a year, just a few days after the Riksbank cut interest rates. Currencies today 7/10/14. American Style: A$ .9365, kiwi .8805, C$ .9370, euro 1.3615, sterling 1.7115, Swiss $1.1210, . European Style: rand 10.7250, krone 6.1540, SEK 6.7735, forint 228.05, zloty 3.0430, koruna 20.1650, RUB 34.01, yen 101.35, sing 1.2430, HKD 7.75, INR 60.20, China 6.1443, pesos 13.00, BRL 2.2115, Dollar Index 80.12, Oil $101.98, 10-year 2.52%, Silver $21.50, Platinum $1,515.25, Palladium $872.55, and Gold. $1,342.50 That’s it for today. Another nice win for my beloved Cardinals last night. Incense And Peppermints is playing on the IPod, now that’s an oldie! No cheating on Google, Bing, or Ask, but a Gold Star to who can name the band that played that song! Oh, I think I’ve mentioned the band here before so that should be a layup. I finished my main stage presentation for Vancouver yesterday, and now have to work on the Workshop presentation. I totally dislike putting these things together, as I’m not the most proficient Power Point person! But I make do. I guess I could have taken the time to be proficient, given all the presentations I used to do, but these days, I do two maybe three a year, so what’s the use? Besides this way I can complain about doing them, and that’s more fun! I just talked to our little Christine, she’s bringing in breakfast sandwiches for the desk today, I’m so excited, for I’m so hungry! I left my cell phone at home this morning! Oh heavens! What will I do without it? HAHAHAHA! Well, it’s that time of the morning. time to go out and make this a Tub Thumpin’ Thursday. I hope you can do that! Chuck Butler President EverBank World Markets
The US has these numerous continuing wars around the world, so they wind up with lots of spare military equipment. And what to do with it? They bring it home and give it to the police because they think it might be helpful. And then, driving APCs and wearing body armor, the police get the wrong idea. Furthermore, all the military vets—many of whom have extra y chromosomes, as do most police generally—like the idea of wearing a uniform and like the idea of carrying a gun and giving and taking orders. They’re preferred hires for police forces. But they shouldn’t be, because you inevitably pick up bad habits, and inappropriate skills, hanging out in a war zone. All these things compound upon the other. It’s a very bad trend. I see no reason why that trend is going to turn around. In fact, I expect it to accelerate, especially as the economy turns downhill and people become more restless and the Deep State feels that the plebs have to be kept under control. So, yeah, it’s a trend that’s been accelerating for several decades. And it’s going to keep accelerating until some type of a crisis blows it all up. [CLOSES TONIGHT] Doug Casey: I see a “marvelous bubble” forming Since the ’70s, Doug Casey has made millions investing in mostly junior resource stocks and real estate. But at a private meeting in Miami, he learned about a new little-known market… and he believes it’s about to enter a “marvelous bubble.” Details here. Bleeding America – Inside the (Hidden) Civil War Protests are becoming riots. Big city violence in small towns. And according to one expert, that’s just the beginning… Recommended Link Justin: Yeah, I can only imagine how much US police departments will up the ante when the next financial crisis arrives. Doug: That’s right. Another key distinction here is that there are two ways police can relate to society. One is as peacekeepers, and the other is as law enforcers. Keeping the peace just makes sure that the bad elements of society don’t become violent or don’t violate other people’s rights to life and property—that’s basically it. That’s what a peace officer does. Other than that, he keeps his nose out of everybody’s business. But the people in today’s police aren’t brought up to think that way. They’re indoctrinated to think in terms of law enforcement—totally different thing. Because there are thousands and thousands and thousands of laws—federal, state, local—and they’re supposed to enforce them all; it has nothing to do with keeping the peace. This is another bad trend which is bound to accelerate. Justin: It’s scary to think how much more militarized US police departments could become. They already have grenade launchers and armored personnel carriers, after all. And now, the state of Connecticut wants to give its police officers drones that fire missiles. What could they possibly want next? Recommended Link — Justin’s note: Yesterday, Casey Research founder Doug Casey and I discussed the opioid crisis that’s spreading across the country like a virus. Today, Doug and I pick up that conversation. But this time, Doug shares his thoughts on the militarization of US police departments. We hope you enjoy this conversation as much as we did. Justin: Doug, yesterday you called out anti-drug lawmakers, or what you called “drug warriors,” for their immense hypocrisy and stupidity. But what about the growing number of “warrior cops” who seem to view the United States as their own personal battleground? Doug: I started writing about the militarization of American police back in the 1990s, when it started happening in earnest. And it’s very disturbing, because the way a solider deals with the enemy is necessarily quite different from the way the police are supposed to deal with citizens. Doug: Yeah, what could possibly go wrong? It’s one reason why I’m actually quite happy to be living kind of off the grid in a rather remote place in Argentina. These things aren’t even being imagined, much less happening, down here. It really seems like every trend, every single trend in the US, is going the wrong way. It’s completely out of control. Where will it end? Science fiction has always been a much, much better predictor of the future than any think tank. A couple of movies come to mind. One is Running Man, 1987, now 30 years ago, with Arnold Schwarzenegger. In it, Arnold plays a cop righteously hunting down accused miscreants, for the amusement of the hoi polloi. Their trial and punishment was basically a game show. It anticipates the direction of today’s shows like Cops and Bad Boys. These shows always make the cops out as upstanding heroes. The offenders are generally lower-middle-class whites, for drug violations, and not blacks—that would be too politically incorrect. In Total Recall, 1990, they deal with the subject of pre-crime—predicting who is likely to commit what felony, and taking preemptive action. In fact, neuroscientists are making great strides to determine pre-crime. Very disturbing—you’d better look, act, and think like a good little lamb to avoid being locked up. And then, of course, Orwell’s 1984 and Aldous Huxley’s Brave New World. Things are evolving in the direction of both books, simultaneously. Justin: Thanks for sharing your thoughts, Doug. Doug: My pleasure. Justin’s note: Doug and his team just released a brand-new video presentation. As you’ll see, we’re on the cusp of the biggest Pentagon spending boom since World War II. The last time we saw this kind of military cash, defense stocks soared thousands of percent. Now, history is about to repeat itself. But the biggest winners won’t be from the typical defense giants. Thanks to a new legal ruling, tiny companies called “penny defense stocks” are lined up for billion-dollar contracts. You’ll need to act before the June 30 Pentagon deadline to set yourself up for historic gains. Click here to learn more. —
This week, we’re tackling questions from readers who are worried about health insurance roadblocks in the face of a serious illness or medical crisis.Q: I think genetic testing could be a great tool for physicians. My fear is what the insurance industry will do with the information, especially in today’s political climate. Could they decide that you have a pre-existing condition and charge a higher rate, or not cover you at all?No, they can’t do that — not now, anyway. Under the Genetic Information Nondiscrimination Act of 2008, health insurers can’t use your genetic information (including your family medical history, genetic test results and genetic counseling or other genetic services) to discriminate against you.That means health insurers can’t use your genetic information when making decisions about your eligibility for health insurance, coverage terms or how much you’ll pay.However, if you develop symptoms of a disease or are diagnosed with a medical condition, GINA no longer protects you. That’s where the Affordable Care Act steps in. It prohibits health plans from turning people down or charging them more because they have a pre-existing condition.”GINA did something good, and the ACA was the next important step,” said Sonia Mateu Suter, a law professor at George Washington University who specializes in genetics and the law.The Trump administration put those additional ACA protections in doubt last month when it said it won’t defend that part of the law, which is being challenged in a lawsuit brought by the attorneys general of 20 states.The administration said that since the penalty for not having health insurance has been eliminated starting in 2019, the provisions that guarantee coverage to people with pre-existing conditions and prohibit insurers from charging them higher premiums should be struck down as well.The protections are a priority with many voters. In a June poll by the Kaiser Family Foundation, two-thirds of voters said that continuing protections for people with pre-existing conditions will be either the single most important factor or very important in determining their vote in this fall’s elections.Q: My husband fainted in the middle of the night. He received an MRI at a hospital emergency department in Kingston, N.Y., that is not in our insurance network.Two months later, we received a bill for $23,657.39. Our insurance company paid $3,226.40 — or 90 percent of what they considered to be a “reasonable” cost for the services provided. Our bill was for the balance.Even though New York has a law that protects consumers against surprise medical bills, I learned that it doesn’t apply to us because our health plan is “self-funded.” Is there anything else that we can do?You’re in a tough spot. The ACA does prohibit most plans from charging patients more in copayments and coinsurance for out-of-network emergency care than the patients would owe if they were at an in-network facility.But federal law doesn’t prevent out-of-network providers from billing consumers for the balance of the bill when a health plan doesn’t pay it in full. This can happen because the plan doesn’t have negotiated rates with providers that are out of its network.New York is one of six states that have laws with comprehensive protection for consumers against so-called surprise bills, according to an analysis by researchers at Georgetown University’s Health Policy Institute that was published by the Commonwealth Fund last year.The others are California, Connecticut, Florida, Illinois and Maryland. Another 15 states have added more modest consumer protections.But self-funded plans such as yours, in which your employer pays medical claims directly instead of buying an insurance policy for that purpose, are exempt from this type of state regulation.In this circumstance, appealing to your company’s human resources department may be your best option, says Jack Hoadley, a research professor emeritus at Georgetown’s Health Policy Institute, who co-authored the Commonwealth analysis.”The employer may say, ‘I feel an obligation to my employee and we’ll cover this,’ ” he says. “But they can choose not to do that.”Q: My wife has been taking Avonex for multiple sclerosis for 20 years. Our health plan’s coverage changed this year, but Express Scripts, which manages our pharmacy benefit, didn’t communicate the change until after it took effect. They mailed us a month’s worth of Avonex in February, and a few weeks later we received an invoice for $6,000. Express Scripts would not let us return the medicine for a refund. They said that they explained we would be billed that amount when they called to remind us we were due for a refill, but that’s not true. Do we have any recourse?There is no easy answer for you. If you go to a brick-and-mortar pharmacy to pick up a prescription and you think the cost is too high, you can refuse the medication at the counter and walk away. But that’s not generally possible with a mail-order prescription. Once it arrives, it’s yours.”The chain of custody is broken,” says Jennifer Luddy, a spokesperson for Express Scripts, which manages the pharmacy benefits for companies and insurers. “We don’t know if it’s been opened or tampered with.”Typically employers communicate changes to workers’ pharmacy benefits for the upcoming year during the annual open-enrollment period, Luddy says. On an ongoing basis, drug copayment information is also available through the Express Scripts’ website, mobile app or by phone, she says.However, there may be other factors to consider, according to patient advocates. For example, about half of people with multiple sclerosis have cognitive problems, says Bari Talente, executive vice president for advocacy at the National Multiple Sclerosis Society. “People need to make sure that the person who’s taking the drug really understands that the cost is changing,” she says.Kaiser Health News, a nonprofit news service, is an editorially independent program of the Kaiser Family Foundation, and not affiliated with Kaiser Permanente. You can find Michelle Andrew on Twitter: @mandrews110, and send her questions or suggest topics for her upcoming columns. Copyright 2018 Kaiser Health News. To see more, visit Kaiser Health News.