Video: Ohio St’s D’Angelo Russell Shows Off His Ridiculous Dribbling Skills – With A Football

first_imgd'angelo Russell dribbles a football in his gym.d’angelo russell dribble footballD’Angelo Russell can handle a basketball pretty well. The former Ohio State star guard proved this dozens of times during his first-and-only season with the Buckeyes. The future NBA first-round pick had crazy highlight plays like this and this. It turns out that he’s nearly just as good with a football. Russell showed off his handling ability to former Kentucky guard Devin Booker while the two were working out together. Russell is expected to be a top-10 pick in the upcoming NBA Draft, which is set to take place on June 25.last_img read more

General Confederation of Entrepreneurs presents in London investment opportunities Morocco

first_imgBordeaux- The President of the Moroccan General Confederation of Entrepreneurs (CGEM) presented the country’s attractiveness during the 9th World Islamic Economic Forum held in London. Ms. Miriem Bensalah-Chaqroun highlighted the strengths of the Moroccan economy and exposed investment opportunities in various sectors.The forum provides an occasion to meet potential investors and convince project leaders to settle in Morocco, a country known for its economic openness and tolerance. It provides a gateway for business between the Muslim and non-Muslim world, she said. “Each Islamic country interacts with its first sub-region such as Morocco with the EU. However, promising business flows can be created between Muslim countries and Morocco can bring a lot of experience in infrastructure and the development of certain industrial sectors,” she concludedlast_img read more

This Could Be The Biggest AlabamaAuburn Matchup Ever

Georgia32.2-1.9+2.82.2 SatGeorgia Tech165423.7Georgia212219.4 Ohio State27.8+3.2-4.83.8 RKSEASONALABAMAAUBURNALABAMAAUBURNCOMBINED So with 62.4 percentage points of total CFP probability on the line — in terms of how much the game projects to swing our model’s odds across every team in the country — Alabama-Auburn is easily the most important game remaining in the regular season: 10199314✓22198120041992 32016✓3012246819902204 SatOklahoma217787.3West Virginia173416.5 FriPittsburgh150015.6Miami221614.8 Auburn21.0%-20.6+31.0+/-24.7 Clemson70.0-1.7+2.62.1 82011✓4214218718642013 Oklahoma58.1+1.2-1.91.5 SatFlorida166142.5Florida State16744.0 And the stakes of this particular Iron Bowl could scarcely be higher. Not only will the winner go to the SEC title game as West division champ,2Either Alabama will have an 8-0 conference record or the teams will be tied at 7-1 in conference games and Auburn would have a head-to-head tiebreaker over the Crimson Tide. but the outcome will also have a big influence on who ultimately makes the College Football Playoff.According to the FiveThirtyEight CFP prediction model, Alabama and Auburn are two of the eight remaining teams in the country with at least a 20 percent probability of making the CFP. If Bama wins, that would bump the Tide’s playoff odds from 67 percent to 84 percent; if they lose, that number falls to 42 percent (meaning ’Bama might well miss the CFP for the first time). The stakes are even higher for Auburn: If the Tigers prevail, their odds will rise from 21 percent to 52 percent, but a loss would effectively eliminate them from the CFP race. And the ripple effects extend beyond the SEC, as seven other teams figure to see their playoff probabilities shift by at least 1.5 percentage points depending on what happens on the Plains. USC9.5+1.6-2.41.9 As of Nov. 20, 2017. Includes teams where the average swing is at least +/- 0.5 percentage points 12017??237421612262 Alabama66.9+16.6-25.120.0 TEAMCURRENT CFP CHANCEBAMA WINSAUB WINSCFP SWING SCOREELO RATING 61994✓2114208921082098 72015✓2913239017642030 How the Iron Bowl could change the playoff pictureSwings in each team’s chances of making the College Football Playoff depending on who wins the Alabama-Auburn game SatWashington196176.5Washington St.19128.5 DAYSCHOOLELO RATINGWIN PROB.SCHOOLELO RATINGTOTAL SWING SatAuburn216139.9%Alabama2374+/-62.4 2201328✓34234920962215 Miami51.1-1.6+2.41.9 The most important games of Week 13According to total swing in all teams’ likelihood of making the College Football Playoff based on the game’s outcome 52014✓5544230019752125 Elo ratings are scaled so that an average team has a rating of 1500. SatStanford200444.3Notre Dame199710.4 SatSouth Carolina189118.6Clemson219214.5 CHANGE IN CFP CHANCES IF … SatMinnesota156513.2Wisconsin216512.0 SatMichigan187225.7Ohio State199225.5 4201027✓28215622102182 9198920✓30205119451996 On paper, this year’s Iron Bowl looks like the best in yearsHighest combined Elo ratings (according to their harmonic mean) for Alabama-Auburn matchups, 1988-2017 Week 13 in college football — aka rivalry week — promises to be one of the most chaotic of the year, with dozens of teams playing hatred-filled games that will have major College Football Playoff implications. No. 2 Clemson travels to face in-state rival South Carolina; No. 7 Georgia hits the road for its annual meeting with Georgia Tech; and No. 9 Ohio State heads to the Big House to face “That Team Up North.” But of all those high-intensity games, it’s the one between Alabama and Auburn that has the most riding on it.The Iron Bowl has given fans some of the most spectacular college football moments in recent memory, including “The Drive” in 2009, when Greg McElroy drove Alabama back to a 26-21 win at Jordan-Hare Stadium via a touchdown with less than 90 seconds left. Or “The Camback” in 2010, when Auburn, led by Cam Newton, stormed back from 24 points down in Tuscaloosa to stay undefeated (they’d eventually go on to win the National Championship). And most famously, there was the “Kick Six” in 2013, when Alabama took a 57-yard field goal attempt with one second remaining, but the ball fell short, and Auburn’s Chris Davis ran it back 109 yards to win the game.But this Saturday’s Iron Bowl could top all of those others, given its importance and the sheer quality of this year’s Tide and Tigers squads. For starters, these two teams are the best they’ve been in decades. We can measure how strong a given matchup is using our Elo ratings, which assign each team a score based on their quality at any given moment. And currently, Alabama boasts the No. 1 Elo in the country (what else is new?) while Auburn ranks sixth. If we combine those Elo ratings using their harmonic mean — which allows us to look for matchups where both teams have high ratings — we find that this year’s Iron Bowl features the greatest combination of Alabama and Auburn squads since at least 19881Our Elo Ratings for college football only go back that far.: TCU11.0+1.8-2.72.1 Notre Dame1.1+0.4-0.70.5 HOME TEAMAWAY TEAM In terms of ridiculous, heart-stopping finishes, it would be hard for Saturday’s game to top the 2013 edition, which ranked second in terms of combined Elo ratings, so don’t hold your breath for another miraculous kick six. But even though we don’t know how it will end, this Iron Bowl is set up to be special. The teams are at their best, the winner will likely go to the College Football Playoff while the loser will likely stay home, and the game’s outcome could help throw the rest of the country into chaos. The Alabama-Auburn rivalry is legendary and the game would still be tense even if both teams were 2-9 — but with the road to the national championship passing squarely through Jordan-Hare Stadium on Saturday, this season’s edition should be one for the ages.Check out our latest college football predictions.CORRECTION (Nov. 22, 9:30 a.m.): A previous version of the third table in this story reversed the home and away teams for several games: Auburn-Alabama, Georgia-Georgia Tech, Pittsburgh-Miami, South Carolina-Clemson, and Stanford-Notre Dame. The table has been updated. read more

Dotting the i Pat Elfleins legacy as a Buckeye

OSU coach Urban Meyer hugs OSU redshirt senior center Pat Elflein before the Buckeyes’ 30-27 win over Michigan. Credit: Alexa Mavrogianis | Photo EditorAt the conclusion of the 2015 Ohio State football season, coach Urban Meyer saw a seemingly endless line of players leaving the Woody Hayes Athletic Facility, in effect, ending their Buckeye careers. Running back Ezekiel Elliott, defensive lineman Joey Bosa and linebacker Darron Lee highlighted nine early departures from the program. However, the line ended with Pat Elflein.The redshirt senior returned for his final season of eligibility and converted to center from his guard position. Redshirt junior OSU quarterback J.T. Barrett said it wasn’t a surprise to him seeing Elflein come back to the Scarlet and Gray when he had the possibility of being a high draft pick.“One of the biggest things that means the most to me is how much he cared,” Barrett said on Monday before the Michigan game. “Not about me, but the guys. That’s why he came back is to be with us. I think that’s selfless and not a lot of people come around like that.”Last Saturday against Michigan, in perhaps his biggest game as a Buckeye, Elflein ran out of the tunnel at Ohio Stadium for the last time. He handed his mother, Lisa Elflein, a rose and greeted the rest of his family with tears coming from his eyes.Elflein predicted on the Monday before the game that it was going to be an emotional day for him, not knowing that his team would pull off a 30-27 double-overtime win over the Wolverines in one of the most memorable games in the history of the program.“I’ll never forget that, Senior Day,” Elflein said. “That was the craziest this place has been ever since I’ve been here. That was the ultimate … it was an electric atmosphere.”OSU trailed for much of the game before the offense took control in overtime. After junior H-back Curtis Samuel’s game-winning touchdown that propelled OSU to a dramatic victory, Elflein was one of the first players to hug Samuel in the end zone. The redshirt senior from Pickerington, Ohio, then went over to the section where his family was sitting. He pulled his mother, Lisa; sister, Heather Elflein; brother, Matt Elflein; and grandfather, Rich Elflein, onto the field to celebrate a rare fifth win over Michigan as a member of the Buckeyes.“That was just amazing,” Pat Elflein said. “My grandpa was here and he hasn’t been here in awhile … it was just very exciting.”Pat Elflein has been a starter on the OSU offensive line for three seasons. He’s been the vocal leader on the unit all of the 2016 season along with the only other returning starter on the unit known as “The Slobs,” redshirt junior guard Billy Price.On Saturday, after the game, Price recalled the last touchdown in a way that meant a lot to his teammate. Price ran into the end zone, joined his teammates, hugged Samuel, then embraced his fellow lineman.“To send Pat out on a senior season like this — he’s got five pairs of gold pants,” Price said. “There are very few people to do that.”Gold pants are given to every member of an OSU team that beats Michigan.Pat Elflein’s first time playing in the rivalry was in 2013 when he entered for Marcus Hall, who was ejected from the game. Then, he became another member of the lineage of Pickerington natives to play in “The Game.” One of his best friends from high school, Michigan tight end Jake Butt, ended his career 0-4 versus OSU. Pat Elflein understood at the time how special it was to win another game against his team’s bitter rival, but the significance of just how great the 2016 edition of “The Game” was for the program’s history and his legacy did not immediately register for the redshirt senior.“It’s an indescribable feeling to beat that team five teams and do it the we did today,” he said. “I can’t thank my teammates enough for sending the seniors out the right way. Now we get to play for it all.”Pat Elflein’s confidence in getting another shot at a national championship will be determined on Sunday during the College Football Playoff selection show. read more

Buckeyes Big Ten need win in 2011

No Big Ten team has won a football game this year. Despite 2011 embarking on just its third day, five Big Ten teams have taken to the gridiron. All five have failed. On a New Year’s Day that will live in conference infamy, Northwestern, Michigan, Michigan State, Penn State and Wisconsin all came up short. Three of those schools — Michigan, Michigan State and Penn State — perpetuated southerners’ favorite notion that the Big Ten can’t hang with the SEC. Mississippi State, Alabama and Florida thumped their Midwest adversaries by a combined score of 138-45. In late November, Ohio State President E. Gordon Gee questioned the merits of schools from non-BCS conferences. He said TCU and Boise State, then ranked No. 3 and No. 4 in the BCS, respectively, weren’t worthy of a shot at the national title. “I do know, having been both a Southeastern Conference president and a Big Ten president, that it’s like murderer’s row every week for (the BCS conference) schools,” Gee told The Associated Press. “We do not play the Little Sisters of the Poor. We play very fine schools on any given day.” TCU beat Wisconsin 21-19 to cap off an undefeated season in the Rose Bowl. Wisconsin was the only team to knock off Gee’s Buckeyes. Even incoming Big Ten member Nebraska lost last week in the Holiday Bowl to Washington, an opponent it defeated 56-21 on Sept. 18. The Cornhuskers totaled 189 yards of offense, a far cry from the 533 yards they amassed against the Huskies three months earlier. Iowa’s win over Missouri in the Insight Bowl on Tuesday and Illinois’ victory over Baylor in the Texas Bowl on Wednesday have the Big Ten sitting at 2-5 overall. The Big Ten isn’t the only conference to struggle this bowl season, however. None of the BCS conferences has blown away the competition, and only the ACC (4-3) and the Big East (3-2) have compiled winning records. That’s the same Big East scorned by many after sending unranked, four-loss Connecticut to the Fiesta Bowl, which the Huskies lost 48-20 to Oklahoma on Saturday. ACC champion Virginia Tech faces Stanford in tonight’s Orange Bowl. Before Saturday’s trifecta against the Big Ten, the SEC had been 0-3. The Big 12 is 3-4, while the Pac-10 is 1-1. OSU can salvage what’s left of the Big Ten bowl season by knocking off SEC foe Arkansas in Tuesday’s Sugar Bowl. The Buckeyes and Razorbacks have never played, but OSU has never won a bowl game against an SEC opponent (0-9). “I know personally — I have lost three in a row against the SEC,” said OSU coach Jim Tressel. “I’m not tired of hearing about it. It’s a reminder to me of just how good the SEC is in football.” read more

Ohio State mens basketballs Aaron Craft named Academic AllAmerica player

Ohio State junior guard Aaron Craft was chosen as the Academic All-America Team Member of the Year for Division I men’s basketball by Capital One Thursday. Craft, a native of Findlay, Ohio, is a nutrition major who has plans to go on to medical school. He holds a 3.92 GPA. He was named to the Capital One Academic All-America for the second consecutive year, and also received the NCAA Elite 89 Award for highest GPA at the 2012 NCAA Tournament Final Four. The award is given to student-athletes who are either varsity starters or key reserves with at least a 3.30 cumulative GPA. The athletes must also be at least a sophomore in both athletic and academic standings and be nominated by their sports information director. The athlete is then selected by the College Sports Information Directors of America, a 2,800 member national organization made up of public and media relations and communications professionals in all levels of U.S. and Canadian college athletics. Craft leads the Buckeyes in steals with 51 this season. He also holds OSU records for steals in a season with 98 and for assists in a game with 15. This season, he averages 9.2 points, 4.6 assists and two steals per game. Craft has played an average of 33 minutes per game, second only to the Buckeyes’ lead scorer, junior forward Deshaun Thomas. Craft has also been named to the Big Ten’s All-Freshman Team (2011), a third-team All-Big Ten selection (2012), the Big Ten All-Defensive Team twice (2011, 2012) and was Big Ten Defensive Player of the Year for 2012. He also earned the Big Ten Sportsmanship Award for 2012. OSU currently holds a 19-7 record and is ranked No. 18 by the AP poll. The Buckeyes are set to play Michigan State Sunday at 4 p.m. at the Schottenstein Center. read more

Pogba honoured to wear Manchester United armband

first_imgAfter Manchester United defeated Leicester City 2-1, Paul Pogba spoke to official Manchester United TV, stating that it is “an honour to wear the armband.”The France international midfielder was described by Manchester United boss as a “monster” after contributing so much on the back of only a few days’ work at the Aon Training Complex.“It’s always a pleasure for me, an honour to wear this armband. A lot of big players for story of the club [have had it]. It’s something great. To win today was most important. I scored a penalty, I’m very happy and really happy we started with a win.”Harry Maguire, Manchester UnitedSolskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.“It’s not a role you have to do. I think with everybody, all the players, all the team-mates, make you comfortable to wear this and proud to wear this. Even like when Michael Carrick came to talk to me and told me he wanted me to wear it because of the story of what I give to the club, to the people, to the fans, to the young players in the Academy. Stuff like that – they look up to me. I want to give back to them and always try my best to be thankful to the fans and to my team-mates.”Pogba also captained the team and opened the scoring with a penalty, while also winning our Man-of-the-Match award.last_img read more

Valverde insists Coutinho  must fight for starting spot

first_imgBarcelona manager Ernesto Valverde insists Philippe Coutinho remains a great player but must fight for his place in the club’s starting lineup.Coutinho started a domestic match for the first time since the first week of December last year and scored from the penalty spot as a much-changed Barcelona side lost 2-1 at Levante in the first leg of their Copa del Rey tie on Thursday night.The former Liverpool Man’s goal gave the Copa Del Rey holders reason for optimism ahead of the second leg next week, having fallen two goals within the first 20 minutes of the first half.Ousmane Dembele also played the entire duration of the game like Coutinho and Valverde insists he was satisfied with both players while encouraging them to press for continued opportunities.“When Dembele wasn’t playing, everyone was asking me about him,” Valverde told reporters, according to FourFourTwo.Jose Mourinho, Lionel MessiMourinho: “Lionel Messi made me a better coach” Andrew Smyth – September 14, 2019 Jose Mourinho believes the experience of going up against Barcelona superstar Lionel Messi at Real Madrid made him a greater coach.“Now Dembele’s playing and Coutinho isn’t and the reverse is happening. When you do not play and you are not happy, you have to fight to change the situation. Today was a match for that.”“Coutinho is a great player who has given us a lot and will give us a lot. I will say the same about Dembele. It’s a repetitive question with interchangeable names.”Valverde also defended his team selection, after leaving out Lionel Messi, Luis Suarez, Gerard Pique and Jordi Alba, saying:“I picked the best team I thought we could pick.”“It served us to evaluate players in some tough moments, like in a LaLiga game. I know it’s a risk, but you have to take risks a lot of the time.”last_img read more

Man cautioned for threatening Mike Misick Mistrial Motion comes today

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:mike misick, mistrial, People Progressive Party, police, Ralph A. Thorne Police get wanted man; Magistrate Court back open Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 02 Feb 2016 – Show Police are taking threats against SIPT prosecutors, defendants and their attorneys seriously and have cautioned at least one TCI man for alleged threatening words leveled at ex-Premier, Michael Misick. The Police were told of the incident and last Friday paid the civilian a visit; Magnetic Media is informed that lead attorney for Misick, Ralph Thorne, lodged the complaint. Nine are on trial for maladministration where reported millions were allegedly moving through Progressive National Party account, personal bank accounts and all from private developers between 2003 and 2009. Thorne, as Misick’s attorney exposed the threat in a media statement; he also shared that he would file a mistrial motion which he did yesterday. Arguments had to be presented to Justice Paul Harrison by 3pm Monday; court resumes this morning to hear those mistrial motions. Among the complaints from the Misick camp, that a media statement issued by Beaches owner, Gordon ‘Butch’ Stewart was prejudicial against his client. Butch Stewart admitted to paying a huge fine when a treasurer unbeknownst to him, he said, deposited $1.65 million dollars into Prestigious Properties bank account. Yesterday, Magnetic Media inadvertently said it was $1.2 million, when the fine was actually $12 million dollars. Update: Women robbed while exercising (21 year old Arrested) Royal Turks and Caicos Islands Police Force’s mission to combat abusive images of children online Recommended for youlast_img read more

Nikki Bella kisses Artem Chigvintsev Is John Cena heartbroken

first_imgWWE Nikki Bella dating after John CenaNikki Bella (@thenikkibella/Instagram)John Cena’s former fiancee Nikki Bella is officially dating her former DWTS partner, Artem Chigvintsev. On Total Bellas, Nikki confirmed her relationship and now everyone is wondering how Cena is taking all the latest updates about Bella’s life.In the season finale of Total Bellas, the 35-year-old Nikki Bella finally talked about the rumours swirling around her and Artem Chigvintsev’s alleged relationship. In the episode, Nikki finally confirmed her relationship with Artem and admitted that she is now feeling like a free spirit.”Truly like a butterfly out of her cage. I don’t know. I have this new level of excitement. I’m just having a lot of fun. And I feel like, the first time ever, I’m focusing on me. It’s crazy. I never in my life would’ve thought that like I would’ve had a lot in common with a Russian.”Following this, Nikki Bella is shown running towards Artem Chigvintsev and later hugging him. The latest couple later sat on Artem’s Ducati motorcycle and ride off, just like some old Western movie.”I’m ready to really explore new things and people and just really see what certain chemistries are all about,” Nikki added. Nikki Bella is singlethenikkibella/InstagramNot only this, but Nikki Bella also shared an intimate Instagram picture in which she is kissing Artem on the cheek. In the caption, she wrote: “Well after that season finale. First thing I’ll be talking about this Wednesday… oh and all those paparazzi photos (thanks for all the great shots… and smashing my food lol) Swipe up in my IG story. #thebellaspodcast #bellaspodcast.”Where does John Cena stand in all this? Well, ever since John Cena and Nikki Bella parted their ways, fans have speculated that sooner or later, the former couple will reconcile their differences and will get back together. However, that did not happen as John focused his energy on making movies and doing other work-related stuff. Nikki, on the other hand, worked on her health and her reality show, Total Bellas.Over the years, John Cena and Nikki Bella have shared a good friendship and if Nikki is happy with her new partner, Artem Chigvintsev, then John might not have any problem with it. There is no blood between the two and at the end of the day, all John Cena would want is happiness for his former fiancee.last_img read more

Kapil Sharma Show Chandan Prabhakar alleges ill treatment by Kapil Sharma Salman

first_imgChandan Prabhakar in The Kapil Sharma ShowSony TVThere’s no stopping the Kapil Sharma Show from witnessing a massive increase in the fan following day after day. Despite being through a number of ups and downs and a fair share of controversies, the show has maintained its steady run at the TRP meter.The show which sees a number of celebrities from different walks of life, recently had Salman Khan and Katrina Kaif grace the couch. Apart from many funny moments and hilarious one-liners, the show also saw guests pulling pranks at each other.Amidst all this, it was Chandan Prabhakar who accused Kapil Sharma of ill-treatment on the show. What’s more? Even Salman agreed with Kapil and said that Chandan deserves such a treatment. Shocked? Well, before you jump to conclusions, let us tell you that it all happened during the show as a part of the script.As per a report in India Today, Chandan told Salman Khan, “dekhiye aisa treatment hota hai mere saath,” to which Salman said, “Itna achcha?” When Chandan questioned why he isn’t given the same facilities in his van like the other stars of the show. Not missing an opportunity to pull his leg, Salman questioned Kapil why has Chandan been given a van at all.At his humorous best, Salman even poked fun at Archana Puran Singh, who had replaced Navjot Singh Sidhu after the Pulwama controversy owing to his statements. When Archana asked for her Eidi, Salman said that she should be thankful that she is getting the cheques which are not bouncing.Sunil Grover, who was an integral part of the show earlier, didn’t come to promote the film Bharat along with Salman Khan and Katrina Kaif. On being asked whether he plans on joining the show back, Sunil had said that he has a number of other commitments and has no plans of coming back to the show.last_img read more

New income tax return forms expected to ease automation of expats claims

first_imgAn office of the Income Tax Department in Bengaluru. The department has released the new income tax return forms.TwitterRecent changes to income tax rules seeking more detailed information in tax return forms about expats claiming relief under the double taxation avoidance treaties are expected to make automation of the taxation procedure more effective, some experts say. The submission of more details required under the new rules will reduce the need for further inquiries by the income tax authorities, according to media reports.”With so much of adoption of automation, hopefully, this will reduce further questioning or need for clarification by the tax authorities as they will now have detailed information already with them,” said Kuldip Kumar, partner, PwC, as quoted in a report in the Economic Times.Expats are required to provide extensive disclosures such as tax identification number of their home country, assets held outside the nation and overseas tax residency certificate, in the income tax return filings if the assessee claims return, the report says.A director or shareholder in an unlisted company will have to disclose it with details and permanent account number of the company.The Income Tax Department has released return forms for individuals and companies for the 2019-20 assessment year, as the last date of filing the income tax return (ITR) is July 31 for individual taxpayers who are not required to get their statements audited. The changes to the income tax return forms are expected to help ease the automation of return filing.FlickrThe new forms require the expat assessee to provide overseas residential details along with tax identification numbers and residential status in India. Overseas Citizens of India and Persons of Indian Origin claiming non-resident status in India are also required to report the number of days they stayed in the country in the relevant tax year and in the previous four tax years.”The tax return forms released for the tax year 2018-19 have clearly tried to bring more transparency through disclosures for globally mobile employees who avail relief under tax treaties,” the Economic Times quoted Amarpal Chadha, partner, and India mobility leader, EY, as saying.Indian residents must provide a detailed breakup of salary including directorships held, unlisted securities, mode of donation payments and agricultural land details if farm income exceeds a specified limit, reports say.ITR-1 or Sahaj for salaried workers has not been changed but ITR of numbers 2, 3, 5, 6 and 7 have been amended, sources say. ITR-1 is filed by individuals with a total income of up to Rs 50 lakh from salary and having one house apart from income from other sources such as interest and agricultural income up to Rs 5,000. An individual who is a company director or has investments in unlisted equity shares or has an income on which tax has been deducted at the hands of another person cannot use this form. Tax experts urge taxpayers to be careful and collate additional details and reporting requirements early on in order to be able to fulfil the reporting requirements of new ITR forms.last_img read more

WATCH Racist And Shameful How Other Countries Are Responding To Trumps Slur

first_imgUnited Nations“If confirmed, these are shocking and shameful comments from the president of the United States. I’m sorry but there is no other word I can use but ‘racist,’ ” Rupert Colville, spokesman for the U.N. commissioner for human rights, told the media in a televised statement.“You cannot dismiss entire countries and continents as ‘shitholes,’ whose entire populations are not white and therefore not welcome.”NorwayAsked about Trump’s comments before a meeting with the U.N. secretary-general, Norwegian Foreign Minister Ine Marie Eriksen Søreide declined to answer, simply smiling, shaking her head and moving on.Editor’s note: NPR has decided in this case to spell out the vulgar word that the president reportedly used because it meets our standard for use of offensive language. It is “absolutely integral to the meaning and spirit of the story being told.”Norwegian FM is meeting UN Chief @antonioguterres right now. @mbesheer @RichardRothCNN & I try to get reaction to @realDonaldTrump “shithole” comment but no luck pic.twitter.com/EJWY9gxCXp— Whitney Hurst (@whitney_hurst) January 12, 2018Copyright 2018 NPR. To see more, visit http://www.npr.org/. Share One day after President Trump referred to African nations as “shithole countries,” adding that the U.S. should want immigrants from countries such as Norway rather than from Haiti or El Salvador, the countries that came in for the president’s criticism are offering some responses of their own.“We are surprised, disappointed. Also, we want to condemn if those statements were made,” Paul Altidor, the Haitian ambassador to the U.S., told NPR on Friday.He noted that neither the White House nor the State Department had formally contacted him to clarify whether Trump had indeed made the comments at an Oval Office meeting Thursday. The remarks were relayed to NPR by a Democratic aide and another person familiar with the discussion.On Friday morning, roughly 15 hours after the comments were first reported by The Washington Post, Trump disputed the details reported about his words in a series of tweets.“The language used by me at the DACA meeting was tough, but this was not the language used,” Trump said, referring to the policy he rescinded last year that protected immigrants brought to the U.S. illegally as children.Chip Somodevilla/Getty ImagesPresident Trump listens as Norwegian Prime Minister Erna Solberg speaks at a joint news conference Wednesday. At an Oval Office meeting on immigration policy, Trump said the U.S. should want more people from countries like Norway, disparaging Haiti and what he called “shithole countries” in Africa.“I never said anything derogatory about Haitians other than Haiti is, obviously, a very poor and troubled country,” Trump tweeted later, on the anniversary of an earthquake that killed at least 200,000 people in Haiti. “Never said ‘take them out.’ Made up by Dems. I have a wonderful relationship with Haitians. Probably should record future meetings — unfortunately, no trust!”After Trump denied using the slur, Sen. Dick Durbin, D-Ill., who was at the White House meeting, said, “It’s not true. He said these hate-filled things. And he said them repeatedly.”Though Altidor had not received direct comment from the Trump administration, he noted that “unfortunately we feel once again Haiti finds itself in the midst of a very negative narrative in the U.S.”He added that Haitians had fought in the American Revolution, that it was a Haitian immigrant who has been credited as the “father of Chicago,” and that today “in many parts of the [U.S.], Haitians have been great contributors to this country.”“We’re hoping this conversation would be an opportunity to address the Haiti conversation in the U.S. once and for all,” Altidor said. “But we do regret what allegedly the president said about Haitians and other groups.”Altidor said that if Trump disparaged his and other countries, “you hope there would be possibly an apology, again, for what was said here, because we thought [those comments] were misplaced. They were misguided. And these types of statements do not help in terms of reinforcing the relationship between Haiti and the United States.”But Haiti was not the only country Trump mentioned in the meeting. Here is how some of the other countries are responding on Friday:African UnionThe African Union, which comprises 55 member states on the continent, was “frankly alarmed” by Trump’s comments.“Given the historical reality of how many Africans arrived in the United States as slaves, this statement flies in the face of all accepted behavior and practice,” Ebba Kalondo, spokeswoman for AU Chairman Moussa Faki, told The Associated Press.“This is particularly surprising as the United States of America remains a global example of how migration gave birth to a nation built on strong values of diversity and opportunity,” she added in comments to The Independent.“We believe that a statement like this hurts our shared global values on diversity, human rights and reciprocal understanding.”BotswanaBotswana’s Ministry of Foreign Affairs and International Cooperation released an extended statement, saying the country had summoned the U.S. ambassador to Botswana “to express its displeasure at the alleged utterances” made by Trump.“The Botswana government has also enquired from the US government through the Ambassador, to clarify if Botswana is regarded as a ‘shithole’ country given that there are Botswana nationals residing in the US, and also that some of Batswana may wish to visit the US.”The statement adds that “we view the utterances by the current American President as highly irresponsible, reprehensible and racist.”PRESS RELEASE |Botswana condemns remarks made by President Trump @VensonMoitoi @MIACBW @OfficialMasisi pic.twitter.com/16i7CUMR4x— Botswana Government (@BWGovernment) January 12, 2018 KenyaKenyan politician Boniface Mwangi did not lack for adjectives in describing the U.S. president, telling Americans “your embarrassment of a president is senile, impeach him and save yourselves from never-ending shame.”“How America elected a narcissist, racist, white supremacist to be their president defies logic. Africa sends love and light to America,” Mwangi tweeted, adding a blunt hashtag for good measure.President @realDonaldTrump has called Africa a shithole. How America elected a narcissist, racist, white supremacist to be their president defies logic. Africa sends love and light to America. #ShitholeTrump pic.twitter.com/AuZDUy1pwf— Boniface Mwangi (@bonifacemwangi) January 12, 2018center_img South AfricaThe African National Congress, the ruling party in South Africa, tweeted a response citing its deputy secretary-general, Jessie Duarte.It is “offensive for President Trump to make derogatory statements about countries that do not share policy positions with the US,” the statement read. “Developing countries experience difficulties. The US also faces difficulties.”Elsewhere in the country, South Africa Broadcasting Corporation Leanne Manas showered snark on Trump’s remarks.“Good morning from the greatest most beautiful ‘shithole country’ in the world!!!” she tweeted.#Duarte its offensive for President Trump to make derogatory statements about countries that do not share policy positions with the US. Developing countries experience difficulties. The US also faces difficulties #ANC106— African National Congress (@MYANC) January 12, 2018 El Salvador“It’s always been a foreign policy priority of our government to fight for the respect and dignity of our countrymen independent of their immigration status,” El Salvador’s foreign minister, Hugo Martinez, told The Washington Post. “Our countrymen are hardworking people, who are always contributing to the countries where they’re living and, of course, also in our country.”In a statement released on Twitter, the Ministry of Foreign Affairs pointed out that the country had aided the U.S. after the Sept. 11 attacks and contributed to the reconstruction of New Orleans after Hurricane Katrina.“El Salvador demands respect for the dignity of its noble and courageous people,” the statement read in part, “according to the principles that govern relations between countries, and in the context of the historic and existing bonds between both nations, which we shall continue to work to strengthen.””La dignidad de los salvadoreños se respeta”, manifiesta Min. @HugoMartinezSV, en San Miguel, ante expresiones lamentables atribuidas a Pdte. de EUA, y por las que #CancilleríaSV envió nota de protesta a Gob. de ese país. pic.twitter.com/h5GqI0l4oF— RREE El Salvador🇸🇻 (@cancilleriasv) January 12, 2018last_img read more

iPads Could Change How Harris County Deputies Assess Mental Health Crises

first_img– / 5Phase I revealed a savings of $26,244 over the span of 30 calls, according to an analysis by The University of Texas School of Public Health in Houston. It cited savings from either jail diversion, avoiding hospital transportation, or by not activating other crisis resources. .Final meeting of @HCSO_MHU, @TheHarrisCTR and @verizon before implementation of phase 2 of our telehealth pilot scheduled to start Wednesday, July 11th. Thank you @verizon, Apple, and @TheHarrisCTR for your collaboration. We are excited about this next step. fw pic.twitter.com/G6iCIOhKyU— Mental Health & Jail Diversion Bureau (@HCSO_MHU) June 26, 2018 Mental health and law enforcementHarris County Sheriff’s Deputy Jose Gomez is part of the Crisis Intervention Response Team (CIRT). It operates in collaboration with the Houston Police Department, and is also under The Mental Health & Jail Diversion Bureau: the newest bureau at the Harris County Sheriff’s Office.“Mental health calls are very, very dangerous for law enforcement,” said Gomez. “People in that type of situation are very, very unpredictable…. Unfortunately we meet them in their darkest moments, and we try to bring light into that situation.”Allison LeeDeputy Gomez responds to a call, as part of the Crisis Intervention Response Team, on July 13, 2018.The pilot program is wrapping up Phase II, which tests different software and utilizes counselors from The Harris Center for Mental Health and IDD, rather than only psychiatrists. The same local mental health authority is already involved with CIRT.Gomez said, so far, people have been receptive to the iPads.“Sometimes they won’t talk to police officer or be honest with us- but when you offer that option to talk to someone else- maybe via iPad- they’ll be more honest with the clinician or psychiatrist that they are, indeed, suicidal or they’re actually hearing voices, or they’re in a mental health crisis,” said Gomez. The nation’s fourth largest jail resides in Harris County, with a population of about 9,000 inmates. The Harris County Sheriff’s Office (HCSO) says a quarter of those inmates suffer from some form of mental illness.To help alleviate a slew of problems that come with over-jailing or over-hospitalizing people who have a mental illness, the sheriff’s department unveiled a Telepsychiatry pilot program. Since its launch in December, the program has garnered attention from California to Canada. Harris County officials believe it’s one of the first programs of its kind, if not the first program of its kind.The new initiative connects deputies in the field with counselors and psychiatrists on iPads. X 00:00 /04:03center_img To embed this piece of audio in your site, please use this code: Allison LeeHarris County Sheriff’s Deputy Jose Gomez, 31, brings out his iPad for the new Telepsychiatry pilot program. Listen How it worksGomez’ partner, Michael Hawkins, is a licensed counselor, who normally patrols with him and is on scene for calls. But during Phase II of this program, he is communicating with Gomez and citizens via the iPad.Harris County Sheriff’s OfficeDeputy Gomez gives an iPad to a woman for assessment on July 13, 2018.Hawkins has been responding to calls with the Crisis Intervention Response Team for over a decade, and is new to this process with the sheriff’s office.“We are able to be there at the person’s worst time in their life and intervene and help and give then comfort and aid at that time, that they’re having extreme distress,” said Hawkins. “And it’s a really privilege to be a part of this, whether it’s on iPad or in a patrol car.”Allison LeeDeputy Jose Gomez and clinician Michael Hawkins reconnect after an in-field assessment using the iPad on July 13, 2018.Since Harris County is so large, at over 1,700 square miles, there is potential for a lot of travel time when responding to calls. This program minimizes some of that, and allows clinicians to be immediately available to other deputies who may need assistance.Although, Hawkins said, it’s a little more challenging to establish rapport over an iPad. But he’s going to try to overcome that, he said.“As a clinician and a counselor, I prefer to be face-to-face. Because I can pick up on so many different things and establish rapport,” said Hawkins. “But I definitely can see benefits, absolutely, of time and manpower of this program.”  The pilot functions in accordance with HIPPA laws of privacy..@HCSO_MHU, @verizon, @TheHarrisCTR & Apple Computers met yesterday to discuss implementation of phase 2 of the #telehealth program in the @HCSOTexas. Patrol deputies will be able to consult w/ a psychiatrist at the NeuroPsychiatric Cntr as well as clinicians via an iPad. fw pic.twitter.com/JI8W7DSqf3— Mental Health & Jail Diversion Bureau (@HCSO_MHU) June 22, 2018Telepsychiatry has been used in various jails and prisons for a while, and this new pilot is based on the Houston Fire Department’s ETHAN project, which stands for Emergency Tele-health and Navigation. It connects EMS personnel with doctors, in order to better triage in the field.And Program Manager Frank Webb, of HCSO’s Bureau of Mental Health and Jail Diversion, said the same model can be effective to assess mental health situations.“Hospital emergency departments across the nation are being inundated with people mental health problems brought in by law enforcement,” said Webb. “Medical directors at a lot of these hospitals have told me a lot of these people don’t need to be there.”Harris County Sheriff’s OfficeA concerned mother talks with a psychiatrist via an iPad about her teenage daughter, during Phase I of the HCSO Telepsychiatry pilot program.Webb said the ability to bring mental health care straight to people who need it is key. He recounted a call during Phase I, with a teenage daughter who reportedly had suicidal thoughts. The mother was concerned, because she couldn’t get an appointment with a psychiatrist for another two weeks.“Her daughter got worse, so she called… and she was able to actually talk to the psychiatrist via the iPad in her bedroom- both the mother and the daughter,” said Webb. “So, it’s pretty amazing that you can bring psychiatry into someone’s house.”The first two phases only involved three deputies for a few dozen calls. If all goes as planned, the next phase is a 6 month initiative involving 25 deputies, said Webb. Sharelast_img read more

We the intruders

first_imgThere was a big machine that was flying. Its blades were roaring out loud. It felt like it was hunting for us. It did not look very good. We were scared. So many people came out. They had hats, guns, torches, and devastation in their eyes. They were moving towards us. We ran… for our lives…The story of the once inhabitants of the forest was recited in The Mystical Forest. It is a contemporary dance production presented by Sadhya. The show, through the vocabulary of Mayurbhanj Chhau narrated the story of the soul within the forest as its inhabitant. It also had strong tribal influences and grounded movements with contemporary interpretation. Through the act, the artists portrayed the various experiences, emotions, rituals and celebrations of the jungle dwellers.  Also Read – ‘Playing Jojo was emotionally exhausting’The viewers of the production were taken on a journey of the divinity that the people living in forests may experience, their daily activities, to the playfulness, the hunting, the rituals and traditions that they believe in and to the relationship that they would be having. It basically defined their day from dawn to dusk. What was attractive about the whole act was how it showcased, in a very subtle way, their sensitivity to the outside world, which they are not familiar with and are very apprehensive about. The production without being outright left an impact on the viewers and forced them to think as to why the inhabitants of the forest can’t live just as they always have been living. It also asks questions that  is pertinent from a very long time: the question of the intrusion of technology in the natural world. The aerial act by Carolina Prada and Gaura Prema, our guests from abroad, need a special mention for the precision with which the act was performed. All in all, the act was quite well put up.last_img read more

Vivendi has strongly condemned what it described a

first_imgVivendi has strongly condemned what it described as a report that its pay TV operation Canal+ lost subscribers in September, counter-claiming that it achieved positive subscriber growth for that month.Having yesterday said that it would prepare “a complaint for the spreading of misleading information negatively affecting its share price” following a report by Le Parisien on Sunday, Vivendi this morning confirmed that was lodging a complaint with the French financial regulator following what it said was a repeat of the claim that its subscriber base had fallen.“Following the release of false information stating in particular a 10% drop in the number of Canal+ subscribers for September 2015, which negatively impacted its share price, Vivendi was yesterday obliged to issue a press release indicating that in fact the real figure was positive,” said the group.“Despite this clarification, a new figure was circulated this morning showing a 10% drop in new Canal+ subscribers for September 2015, compared to September 2014. As a matter of fact, the number of new Canal+ subscribers over this period is actually up by 20%. In an attempt to put an end to this detrimental campaign, Vivendi has decided to file a complaint to the French Stock Exchange Authority (AMF) for the propagation of misleading information, which has negatively affected the Vivendi share price.”Le Parisien, in a report dating from Sunday headlined “The Fall of the House of Canal+”, said that the number of new subscribers in September – rather than the total number of subscribers – was down 10% compared with September 2014, citing unnamed internal sources. September was a key month for the pay TV operator, thanks to its airing of rugby World Cup matches and the debut of season two of its flagship series Les Revenants.Vivendi is claiming that the number of new subscribers in September in Metropolitan France was actually up about 20% year-on-year, with a figure of 43,900 new subs against 36,100 the previous year being reported by Le Monde. Vivendi did not provide a global subscriber figure, however, according to the paper.The Le Parisien article also reported the loss in viewership of Canal+ free-to-air transmissions following the recent changes at the company, citing an internal source who said that Canal+ was no longer viewed as subversive and critical of those in power as a result of changes to its free-to-view content and that this carried a greater risk that viewers would not sign up for the subscription service.last_img read more

Francebased entertainment giant Vivendi has repor

first_imgFrance-based entertainment giant Vivendi has reportedly made an offer for the pay TV assets of Silvio Berlusconi’s Mediaset.Il Corriere della Sera reported that the offer has been with Mediaset, which operates in Italy and Spain and has free TV assets, for “several days”.Vivendi plans to fund the deal for Mediaset Premium through cash and shares, but reports suggest disagreements over price had slowed talks.Vivendi, which owns TV, gaming and music assets, has focused its efforts on building a European content and media giant in recent years. It recently became the majority shareholder in Telecom Italia and is set to take a chunk of the merged Banijay-Zodiak Media company.A Vivendi spokesman said there was no comment regarding the Mediaset reports,while Mediaset could not be directly contacted. Reuters, however, reported a spokesman as saying the companies were not in talks.It is not the first time Vivendi has been linked with Mediaset Premium, which was spun out of the core Mediaset business in December 2014.last_img read more

Full Transcript Interviewed by Alex Daley Chief

first_imgFull Transcript:Interviewed by Alex Daley, Chief Technology Investment Strategist, Casey ResearchAlex Daley: Hello. I’m Alex Daley. Welcome to another edition of Conversations with Casey. Today our guest is former Reagan Budget Director and Congressman David Stockman. Welcome to the show, David.David Stockman: Glad to be here.Alex: So we’re here in Florida talking at the Recovery Reality Check Casey Summit. What do you think: is the United States economy on the road to recovery?David: I don’t think we are at the beginning of the recovery. I think we are at the end of a disastrous debt supercycle that has gone on for the last thirty or forty years, really. It started when Nixon defaulted on our obligations under Bretton Woods and closed the gold window. Incrementally, year after year since then, we have been going in a direction of extremely unsound money, of massive borrowing in both the private and the public sector. We now have an economy that is saturated with debt: $54 trillion or $53 trillion – 3.5 times the GDP – way off the charts from where it was for a hundred years prior to the beginning of this. The idea that somehow all of that debt is irrelevant, as the Keynesians would tell us, is fundamentally wrong – and the reason why the economy can’t get up off the mat.We’re doing all the wrong things. We’re adding to the problem, not subtracting. We are not allowing the debt to be worked down and liquidated. We’re not asking people to save more and consume less, which is what we really need to do. And so therefore I think policy is just making it worse, and any day now we will have another recurrence of the kind of economic crisis we had a few years ago.Alex: You paint a very stark picture, but if people just stop spending, start saving, won’t companies like Apple see their earnings hurt? Won’t the stock market then start to tumble, people’s net worth fall? Isn’t that a negative cycle that feeds on itself?David: Sure it does, but you can’t live beyond your means because it’s pleasant. It’s not sustainable. Clearly the level of debt that we have is not sustainable. We have a whole generation – the Baby Boom – that’s about ready to retire, and they have no retirement savings. We have a federal government that is bankrupt, literally. Its [debt is] $16 trillion and growing by a trillion a year. Something’s going to give. We can’t pay for all these entitlements. There won’t be the revenue generation in the economy to do it.So as a result of that, we are deluding ourselves if we think we can just continue to spend. Look at the GDP that came out in the first quarter of this year. It was only 2.2%. Most of it was personal consumption expenditure, and half of that was due to a drawdown of the savings rate, not because the economy was earning more income or generating more real output. It was because of a drawdown of savings. That is exactly the wrong way to go – an indication of how severe the crisis is going to be.I’m not saying the economy should stop spending entirely. I’m only saying you can’t save 3% of GDP and spend 97% if you are going to get out of this fix. As the savings rate goes up both in the public sector (which means reduction of spending and the deficit) and the household sector (to seriously reduce debt burden, which has not really happened) we are going to, on the margin, spend less, save more. It will slow down the economy. It will undermine profits, I agree. But profits today are way overstated. They’re based on a debt-bloated economy that isn’t sustainable.Alex: So we can only live beyond our means for so long, as any family knows.David: Yes.Alex: Now, the government can reduce its expenses at any time by simply reducing spending, and it can reduce debt if it brings in more tax revenue. That’s austerity – I think that’s how they refer to it. But won’t austerity cause massive joblessness? Won’t there be millions more people in this country not receiving a paycheck?David: Yes, but the critique, the clamoring and clattering that you hear from the Keynesians (or even mainstream media, which is pretty clueless economically) that austerity is bad forgets the fact that austerity isn’t an elective course. Austerity is something that happens to you when you’re broke. And yes, it is painful and spending will go down and unemployment will go up and incomes will be impaired, but that is a consequence of the excess debt creation that we’ve had for the last thirty years. So austerity is what happens when you break the rules.And somehow we have this debate going on. They’re making a mistake. They chose the wrong strategy. Do you think Greece chose the wrong strategy with austerity? No. No one would lend them money. That’s why they ended up in the place they were. Do you think that Spain today is teetering on the brink because they said, “Oh, wouldn’t it be a good idea to have austerity?” No, they had a gun to their head. They were forced to do this because the markets would not continue to lend, and even now their interest rate is again rising. The markets are losing confidence, and unless the ECB prints some more money and bails them out some more, they are going to have austerity. So the austerity upon us is the backside of the debt supercycle we had for the past thirty years. It’s not discretionary.Alex: Austerity hasn’t been forced upon us yet. The dollar is up, people are continuing to buy Treasuries – both nations and banks are buying Treasuries. To all extents and purposes, people are continuing to show massive confidence in the US government, lend it money at extremely cheap interest rates, and letting it build up its debt.So you are advocating that, unlike Greece or Spain taking it to the edge and having austerity forced on them, we should volunteer for austerity today? Instead of just kicking the can down the road and living high a little bit longer, until the bill collectors finally come knocking? Why go today, why start austerity now instead of doing what Greece did and going as long as you possibly can?David: Because Greece is a $300 billion economy. Tiny. A rounding error in the great scheme of things. It’s – last time I checked – about eight and a half months’ worth of Walmart sales. Okay? That’s a little different than when you have the $15 trillion heartland of the world economy, and the $11 trillion Treasury market which is at the center of the whole global financial system buckle and falter. That’s the risk you’re taking if you say, “Mañana. Kick the can; let’s just wait for something good to happen.”This market isn’t real. The two percent on the ten-year, the ninety basis points on the five-year, thirty basis points on a one-year – those are medicated, pegged rates created by the Fed and which fast-money traders trade against as long as they are confident the Fed can keep the whole market rigged. Nobody in their right mind wants to own the ten-year bond at a two percent interest rate. But they’re doing it because they can borrow overnight money for free, ten basis points, put it on repo, collect 190 basis points a spread, and laugh all the way to the bank. And they will keep laughing all the way to the bank on Wall Street until they lose confidence in the Fed’s ability to keep the yield curve pegged where it is today. If the bond ever starts falling in price, they unwind the carry trade. They unwind the repo, because then you can’t collect 190 basis points.Then you get a message, “Do not pass go.” Sell your bonds, unwind your overnight debt, your repo positions. And the system then begins to contract – exactly what happened in September and October of 2008. Only, that time it was an unwind to the repo on mortgage-backed securities and CDOs and so forth. That was a minor trial run for the great unwind that is going to happen when the Treasury market is finally shattered with a lack of confidence because, on the margin, no one owns a Treasury bond: they just rent it on borrowed money. If the price starts falling, they’ll get out of that trade as fast as they got out of toxic CDOs.Alex: So when people run away from the US, they will run away all at once.David: Well, if they run away from the Treasury, it sends compounding forces of contagion through the entire financial system. It hits next the MBS and the mortgage market. The mortgage market then scares the hell out of people about the housing recovery, which hasn’t happened anyway. And if there isn’t a housing recovery, middle-class Main-Street confidence isn’t going to recover, because it is the only asset they have, and for 25 million households it’s under water or close to under water.Alex: We saw something much like that in 2008. All the markets correlated. Stocks went down. Bonds went down. Gold went down with them. It sounds like what you’re saying is that the Fed is effectively paying bankers to stay confident in the Fed, and that the moment that stops – either because the Fed stops paying them or something else shakes their confidence – this all goes down in one big house of cards?David: Yes, I think that’s right. The Fed has destroyed the money market. It has destroyed the capital markets. They have something that you can see on the screen called an “interest rate.” That isn’t a market price of money or a market price of five-year debt capital. That is an administered price that the Fed has set and that every trader watches by the minute to make sure that he’s still in a positive spread. And you can’t have capitalism if the capital markets are dead, if the capital markets are simply a branch office – branch casino – of the central bank. That’s essentially what we have today.Alex: Last night you told our audience that if you were elected president, the first thing you would do is quit. Or at least demand a recount, I believe were your words, which I thought was telling. Are you saying there are no policy changes we could make today that would get us out of this? Or at least that wouldn’t get you assassinated?David: Yeah, there is a paper blueprint. People who believe in sound money and fiscal responsibility, that you create wealth the old-fashioned way through savings and work and effort and not simply by printing money and trading pieces of paper – there is a plan that they could put together. One would be to put the Fed out of business. You don’t have to “end the Fed,” although I like Ron Paul’s phrase. You have to get them out of discretionary, active, day-to-day meddling in the money markets. Abolish the Open Market Committee.The Fed has taken its balance sheet to $3 trillion. That’s enough for the next 50 years. They don’t have to do a damn thing except maybe have a discount window that floats above the market, and if things get tight, let the interest rate go up. People who have been speculating will be carried out on a stretcher. That’s how they used to do it. It worked prior to 1914. That’s the first step: abolish the Open Market Committee. Abolish discretionary monetary policy.Let the Fed, if you’re going to keep it – I don’t even know that you need to do that, but if you are going to keep it – be only a standby source. As Badgett said (Walter Badgett, the great 19th-century British financial thinker): provide liquidity at a penalty rate to sound collateral.Now, that’s what J.P. Morgan did in 1907, in the great crisis of 1907, from his library. He didn’t have a printing press. He didn’t bail out everybody. He didn’t do what Bernanke did and say: “Stop the presses, freeze everybody, and prop up Morgan Stanley and Goldman Sachs and all the rest of the speculators.” The interest rate, the call-money interest rate, which was the open-market interest rate at the time, some days went to 30, 40, 70% – and they were carrying out the speculators left and right, liquidating margin debt, taking out the real estate speculators. Eight or ten railroads went bankrupt within a couple of months. The copper magnates got carried out on their shields.This is the only way a capital market can work, but it needs an honest interest rate. And we have no interest rate, so therefore we solve nothing and we have the kind of impaired, incapacitated markets that we have today. They’re very dangerous, because they’re all dependent on twelve people. It is what I call “the monetary Politburo of the Western world,” and they are just as dangerous as the Politburo in Beijing or the Politburo of memory in Moscow.Alex: A twelve-person Open Market Committee determining the future of our economy by manipulating rates. Sounds like central planning to me.David: It is. They are monetary central planners who are attempting to use the crude instrument of interest-rate pegging and yield-curve manipulation and essentially buying debt that no one else would buy, in order to keep this whole system afloat. It’s Ponzi economics. Anybody who had financial training before 1970 would instantly recognize this as Ponzi economics. It is only because of the last twenty years we got so inured to prosperity out of the end of a printing press and massive incremental debt that people lost sight of the fundamental principles of sound money, which, there’s nothing arcane about it. It’s just common sense. It is not common sense to think that 50, 60, 70% of all the debt that’s being created by the federal government can be bought by the Federal Reserve, stuffed in a vault, and everybody can live happily ever after.Alex: So the government has certainly put us in a precarious position, but I don’t think they alone have put America in this position, have they? You mentioned consumer debt becoming a major burden on the economy. How do we shed ourselves of that? I mean, the federal government can repudiate its debts if we walk away from it. We might see a few wars or something from that. It could inflate its way out of it. It can tax its way out of it. But how do households get out from under the debt burden that they have today?David: Well, it’s very tough, and they were lured into it by bad monetary policy when Greenspan panicked in December 2000. The interest rate was 6.5%; we had an economy that was threatened by competitors around the world. We needed high interest rates, not low. He panicked after the dot-com crash, and as you remember in two years they took the interest rate all the way down to 1%, and they catalyzed an explosion of mortgage borrowing, which was crazy.When they cut the final rate down to 1% in May, June 2003, in that quarter – the second quarter of 2003 – the run rate of mortgage borrowing was $5 trillion at an annual rate. That was nuts! There had never been even a trillion-dollar annual rate of mortgage borrowing previously. In that quarter the run rate was $5 trillion, 40% of GDP. Why? Because the Fed took the rate down to 1%. Floating-rate product got invented everywhere. Anybody that had a pulse was being given mortgage loans by the brokers. The mortgage brokers didn’t have any capital or funding. They went to Wall Street. They got warehouse lines, and the whole thing got out of control. Millions of households were lured into taking on debt that was insane, and now we have a generation of debt slaves.There are 25 million households in America who couldn’t move if they wanted to, because their mortgages are under water. They cannot generate a down payment and the 5% or 6% broker fee that you need to move. So we’ve got 25 million households immobilized, paralyzed, and worried every day about when they are going to lose property, because of what the Fed did. It’s a terrible indictment.Alex: Mobility itself is the American dream, isn’t it? It’s the ability to pick up and find work and then move and do all that. So now we have people who are slaves to their debt. How do we get ourselves out of this? Is this just a matter of personal financial discipline? Is there a policy move that can happen?David: It’s policy. If we don’t do something about the Fed, if we don’t drive the Bernankes and the Dudleys and the Yellens and the rest of these lunatic money-printers out of the Federal Reserve and get it under the control of people who have at least a modicum of sanity, we are just going to bury everybody deeper.It’s unfortunate. The American people are as much a victim of the Fed’s massive errors as anything else. People were not prudent when they took on debt at 100% of the peak value of their property at some moment in 2004 and 2005. They were lured into it. But now we’re stuck with something that didn’t need to happen.Alex: The Federal Reserve was founded in 1914, and it saw America through World War I, World War II. It saw America through Vietnam, saw America through the biggest boom in the economic history of the world. Yet now, today, you are calling for the abolishment of the Fed. Wasn’t the Fed here the entire time that America was a prosperous, growing, wealthy, technology-driven nation? What’s changed?David: The greatest period of growth in American history was 1870-1914 – the Fed didn’t exist. Right after 1870, when we recovered from the Civil War we went back on the gold standard. It worked pretty well. World War I was a catastrophe for the financial system. The Fed financed it, but I don’t give them any credit for that, okay? We shouldn’t have been in that war. It was a stupid thing to get involved in. But once we got involved in it, the Fed printed money like crazy, it facilitated borrowing, set the groundwork for the boom of the 1920s and the collapse of the 1930s.Even then though, we had great minds who coped with reality in a pragmatic way in the Fed. Even Marriner Eccles wasn’t all that bad. He stood up to Truman in 1951, when Truman wanted to force the Fed to continue to peg interest rates at 2% or 2.5% when inflation was 5%. Then we had William McChesney Martin: brilliant, pragmatic. He wasn’t some kind of gold-standard guy in a pure sense, but a pragmatic guy who understood that prosperity had to come out of private productivity, out of investment, out of risk-taking, and the Fed had to be very careful not to allow speculation to start or inflation to get ignited. In 1958, he invented the phrase, “The job of the Fed is to take the punchbowl away.” And we had a small recession. Six months after the recession was over he was actually raising the margin rate on the stock-market loans in order to quell speculation, and raising interest rates so that the economy didn’t start to inflate again.Now that was the regime we had until, unfortunately, Lyndon Johnson came along with his “guns and butter,” took William McChesney Martin down to the ranch, and beat the hell out of him and forced him to capitulate. But here’s the point I would make: In 1960, at the peak of what I call the golden era – the twilight of fiscal and financial discipline – we had $30 billion on the balance sheet of the Fed. It had taken 45 years to build that up. Then, as they began to rapidly expand the balance sheet of the Fed during the inflation of the ’70s and the ’80s, even then it took us until September 2008 – the Lehman collapse – to get to $900 billion. Had the balance sheet only grown at 3%, which is what the capacity of the economy to grow, I think, really is, it would have been $300 billion, so they were overshooting.Alex: We’re three times where we should be.David: Where we should have been by the Lehman crisis event. In the next seven weeks, this crazy lunatic who’s running the Fed increased the balance sheet of the Fed by $900 billion, in seven weeks. In other words, they expanded the balance sheet of the Fed as rapidly in seven weeks as it had occurred during the first 93 years of its existence. And that’s not all, as they say on late night TV: in the next six weeks they added another $900 billion. So in thirteen weeks they tripled the balance sheet of the Fed.Alex: Wow, that’s an incredible…David: So no wonder we are in totally uncharted waters, and it’s being run by people who are clueless as to how to get out of the corner they’ve painted this country into. They really ought to be run out of town on a rail.Alex: I think you’d find that a lot of our viewers would agree with you on that one. You know, the average American is suffering. It looks like the average American is going to have to suffer more to get us out of this, but it seems like the only thing the Fed is interested in these days is propping up the stock market. Why is that? Where does that come from?David: The Fed has taken itself hostage with this whole misbegotten doctrine of wealth effects, which was created by Greenspan. In other words, if we get the stock market going up and we get the stock averages going up, people feel wealthier, they will spend more. If they spend more, there is more production and income and you get a virtuous circle. Well, that says you can create wealth through speculation. That can’t be true, because if it is true, we should have had a totally different kind of system than we’ve had historically.So they got into that game, and then the crisis came in September, 2008. They panicked and pulled out the stops everywhere. As I said, tripled the balance sheet in thirteen weeks, [compared to what] they had done in 93 years. They are now at a point where they don’t dare begin to reduce the balance sheet, begin to contract, or they’ll cause Wall Street to go into a hissy fit. They are afraid to death of Wall Street going into a hissy fit, so essentially, the robots and the boys and girls and the fast-money traders on Wall Street run the Fed indirectly.Alex: So, in the 1960s, the Fed is taking away the punchbowl. Sounds like in 2010 the Fed is the one adding the alcohol. They are afraid to stop, lest everybody riot.David: Yes, they got the party going, and they’re afraid to stop it. As a result of that you have a doomsday machine.Alex: At some point we are going to be forced to stop. Market forces will kick in and Europe and China and India will stop lending us money.David: Yes. As I say, when the crisis comes in the Treasury market, it will be the great margin call in the sky. They’ll start unwinding all of the carry trades, all of the repo. Asset prices generally will be affected, because this will ricochet and compound through the system.Alex: When does this happen?David: People looked at the housing market and the mortgage market way back in 2003 – there were some smart people looking at this. They looked at the run rate of gross mortgage issuance, the $5 trillion I was talking about, and said: “This is insane, this is off the charts, this is so far beyond anything that has ever happened before, something bad is going to come of this.” It’s obvious, if you pour debt into markets… I mean a lot of people leveraged 98%, or whatever they were doing at the time with so-called mortgage insurance, and just high loan to value ratios. They were driving up prices, and so there was a housing-price boom going on. It was sucking the whole middle class into speculation. So that’s the nature of the system, and now they don’t know how to unwind it.Alex: That’s a pretty stark picture. So as an individual investor, what are we to do? How do we protect ourselves in this type of situation? Should I be owning bonds and staying out of stocks? Should I be owning stocks?David: No, I would stay out of any security markets. These are unsafe markets at any speed. It’s all tied together. As I was saying when the great margin call comes and they start selling the Treasury bond, they’ll take everything else with it. Real estate is priced off Treasuries. Mortgaged-backed securities are priced off Treasuries. Corporates are priced off Treasuries. Junk bonds are priced off Treasuries. Everything. The stock market will go into a panic. We don’t know when the timing will come – we’ve never been in a world where there is $15 trillion worth of central-bank balance sheets, like we have today. The only thing I think you can conclude is preservation is the only thing you are about as an investor. Forget about yield. Forget about return. Just keep yourself liquid and preserve your capital, because you can’t predict the day when, as I say, the great margin call in the sky comes down.Alex: So if it’s not about coming out ahead, it’s about coming out not behind everybody else. It’s just losing a little less. What’s the most effective way to do that? Do you want to hold cash? Alternative options?David: Yes. I don’t even think there’s nothing wrong with owning Treasury bills. I mean, if you want to get, for a one-year Treasury, what is the thing now? Twenty basis points or something?Alex: So when the great Treasury crash comes, I should own Treasury bills?David: Well, it doesn’t mean the price of the Treasury is going to crash, no.Alex: Okay, so we are just going to see interest rates skyrocket on new issues. The US government is not going to be able to borrow.David: That’s why you’re short. If you’re in a thirty-day piece of paper, you’re not going to lose principal.Alex: What happens to the dollar in all of this? If I’m holding dollar denominated assets –?David: Well, the dollar, in theory, people would think is going to crash. I don’t think it is because all the rest of the currencies in the world are worse.Alex: So once again, America is not that bad off.David: Well, we’re bad off because when the financial markets reprice drastically, it’s going to have a shocking effect on economic activity. It’s going to paralyze things. It’s going to finally cause consumption to come down. It’s going to cause government spending to be retracted.You know, the Keynesians are right. Borrowing does add to GDP accounts. But it doesn’t add to wealth. It doesn’t add to real productivity, but it does add to GDP as it’s calculated and published – because GDP accounts were designed by Keynesians who don’t believe in a balance sheet. So they said, “If the public sector and the household sector are borrowing, let’s say, $10 trillion next year, run it though GDP, you’ll get a big bump to GDP.” But sooner or later your balance sheet will collapse. They forgot about that one. So my point is that we’ve gone through a thirty-year expansion of the balance sheet, an artificial growth in GDP; now we’re going to have to be retracting the collective balance sheets. That means that GDP will not grow. It may even contract, and no one’s prepared for that.Alex: So the economy will collapse. The dollar will be okay, because we still need a medium of exchange and the dollar is the least-bad currency in the world. How does gold fit into the picture? Do you think that gold is a good asset?David: Yes, I think that gold is a good asset. It’s the only currency that anybody is going to believe in after a while.Alex: Okay, so maybe hold that as an insurance policy. Do you own gold yourself?David: Yes, as an insurance policy.Alex: Where else do you invest in today?David: I’m preserving capital. I’m in cash. I don’t think the risk of the system is worth it.Alex: So you are practicing what you preach, 100%?David: Yes.Alex: That’s great. It’s good to hear. This is excellent advice for our subscribers as well, to consider that there’s a lot of potential energy built up in the system. You’ve articulated it well, a lot of painful policy moves ahead of us, and probably something that makes 2008 look like a preview, if you will.David: It was just a warm-up.Alex: Just a warm-up. Thank you very much.David: Thank you. When Casey Research Chief Technology Investment Analyst Alex Daley met former Reagan Budget Director David Stockman to talk about the economy and where he sees it leading taxpayers investors and savers in the near future, he got some very intriguing insights from a man who served right at the heart of the US federal government.True, some if it makes for uncomfortable watching, but the message is critical if you want to keep your assets safe in what David calls calls “the great unwind.”Watch the video and secure your money.Who is really pulling the strings in our politicized economy, and what should individual savers do immediately to make sure they have the best protection for their assets when the consequences unfold?Navigating the Politicized Economy – A Casey Research/Sprott Inc. SummitThe forthcoming Casey Research summit features former White House official David Walker, who is speaking out against irresponsible government spending. David was the United States Comptroller General from 1998 to 2008.Joining David Walker will be an impressive panel of financial experts, including top market strategist Donald Coxe, celebrated bond investor Lacy Hunt, and investing legends Doug Casey, Rick Rule, and Eric Sprott… and that’s just for openers.Together, they’ll help you understand where our politicized economy is today, where it’s going, and how to protect yourself and profit from the whole fiasco.Who should attend? Learn more about the Casey Research Summit.last_img read more

As the editor of a blog called Goats and Soda see

first_imgAs the editor of a blog called Goats and Soda (see this story for the explanation behind the name), I’m always interested in the latest goat research.So I was definitely hooked by a press release that declared, “Goats prefer happy people.”Alan McElligott, an associate professor in animal behavior at the University of Roehampton in London, led the study. He wanted to see whether animals besides dogs and horses can respond to human facial expression.So McElligott designed an experiment to see what would happen if goats were shown two photos posted side by side on panels: a face with a smile and a face that looked mad.He thought maybe the goats would try to rip the photos off the wall and chew on them.Instead, he reports, “they actually do stop and look at the faces.”McElligott put 20 goats through four rounds of rigorous testing. In an article published Wednesday in Royal Society Open Science, he reports that 51 percent went to the happy face first, compared with 30 percent who approached the angry face. The remainder didn’t seem to care.The goats that were attracted to the happy face spent more time looking at that photo than the goats who picked the angry face.Now I know what you’re thinking. McElligott does, too. Is this what they spend money on now, figuring out whether goats can tell the difference between smiling and frowning faces?!He also readily acknowledges that the results will come as no surprise to goat farmers, who are well aware that goats are pretty smart.But he believes the general public think of goats as “kind of stupid, just roaming around, eating anything.” (Including poison ivy!) So his experiment was motivated by this belief that people have underestimated the “cognitive ability of livestock — cows, sheep and pigs and goats. We assume they’re not particularly clever or perceptive,” he says. With nearly 1 billion goats in the world, McElligott wants to make people realize the benefit of treating them nicely. “We’re trying to raise awareness these animals are not just like planks of wood. They have fairly advanced cognitive ability, which would also mean there’s the potential to suffer” – for example, he says, when they’re exported by ship or truck around the world.Goat (and sheep) specialist Susan Schoenian, at the University of Maryland Extension, has questions about the study. I shared with her McElligott’s theory that maybe goats associate the smile with the smiling faces of humans who stroke them (which is something goats like). “I have no doubt that animals know when they’ve been treated kindly,” she says. “But I don’t know how the goats would be able to relate the pictures of faces to real people or real behavior.”She also thinks that in general, goats and other livestock “are treated very well [by the farmers who raise them] – they wouldn’t be productive” otherwise in terms of offspring and milk. “But sometimes research that gives us understanding of a behavior in an animal may lead to an understanding of it in people,” she says.So perhaps the goat study serves as a reminder that a smile is appealing to human beings as well as to ruminants.Meanwhile, even though I’m a big goat fan, I must note that the goats in the study aren’t quite as impressive as the sheep in a study about facial recognition published this past November, also in Royal Society Open Science. These sheep were trained to recognize photos of celebrities like Emma Watson on a computer screen. Then they were shown two images, one of a celebrity from the earlier test and one unfamiliar. And they definitely opted for Watson. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

A note from the editor Please consider making a v

first_imgA note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS… More than a third of disability assessment reports completed by a government contractor have been found to be significantly flawed, according to secret government files.The proportion of substandard personal independence payment (PIP) reports completed by outsourcing giant Capita has risen to 37 per cent in the two years since 2016, when nearly 33 per cent of reports were found to be defective.The figures, secured from the Department for Work and Pensions (DWP) under the Freedom of Information Act by campaigner John Slater, are likely to add fuel to concerns about Capita’s performance in delivering the contract.And they are also likely to strengthen calls for DWP to be declared “not fit for purpose” and institutionally disablist, as demanded by the Justice for Jodey Whiting parliamentary petition*.The figures show the results of government audits of nearly 6,000 assessment reports carried out by Capita during 2018.They show that nearly four per cent of the reports (3.92 per cent) were of such poor quality that they were categorised as “unacceptable”.With another 17 per cent of assessments, DWP concluded the report was so flawed that there was “learning required” by the healthcare professional who wrote it, although the report was of an “acceptable” standard.And in a further 16 per cent of cases, the report needed to be amended because of even more serious flaws, although again the report was still said to be of an “acceptable” standard.In all, nearly 37 per cent of assessment reports audited during 2018 were found to be of an unacceptable standard, to need changes, or demonstrated that the assessor had failed to carry out their role properly.The newly-released data provides details of the “management information” (MI) that Capita and fellow outsourcing giant Atos are contractually obliged to provide every month to DWP, so it can check on their performance and take action when they need to improve.It was obtained as part of Slater’s continuing efforts to secure information from DWP that he believes will expose the widespread failings of Capita and Atos, and DWP’s failure to manage the contracts properly.He is still appealing against DWP’s failure to release data showing the results of audits of Atos assessment reports.The data that was released raises continuing and multiple concerns about the way the two private sector companies are carrying out their contractual duties.It also shows that the many reports of dishonest and distressing assessment experiences by individual disabled people are not isolated occurrences.One of the concerns highlighted by the data is the proportion of assessments cleared by Capita within 40 days, which nearly fell as low as 50 per cent at one stage during 2018.Another concern is over the number of Atos and Capita healthcare professionals who have been the subject of multiple complaints within a three-month period.Last year, DNS revealed that 161 assessors working for Atos and 19 Capita assessors had had at least four complaints made against them in a three-month period in 2016.But the figures for 2018 show that, although the number of Atos assessors who faced multiple complaints fell from 161 to 129, the number of Capita assessors who were subjected to at least four complaints in just three months leapt from 19 to 84 between 2016 and 2018.Capita carried out about 220,000 face-to-face assessments in 2018, compared with more than 730,000 by Atos.Another key concern is that Capita is still requesting vital further evidence from GPs and social workers in less than 30 per cent of assessments.This is an improvement on the figures from 2016, when at one stage, in June and July 2016, Capita was seeking further information from GPs, consultants or social workers in fewer than one in every 50 PIP claims (less than two per cent of cases).But DWP documents drawn up in May 2012, before the award of the contracts to deliver PIP assessments, show the department expected its contractors would need to request further evidence (also known as further medical evidence) in about half of all cases (50 per cent).A Capita spokesperson refused to say if the data obtained by Slater showed there were still serious concerns about its performance, and that this was deteriorating.She also refused to comment on the audit results, or explain why they had worsened in the last two years.And she refused to explain why so many assessors had been subjected to multiple complaints within a three-month period, and why that number had increased so sharply in the last two years.But she said in a statement: “Capita is the first PIP provider to consistently meet the ambitious quality targets set by the DWP and we are committed to continually delivering against this target. On average, cases are completed within 38 days.“We are focused on delivering the best service to individuals coming through the assessment process.“This is evidenced in our independent monthly satisfaction rating from customers, which in 2018 was more than 95 per cent.”An Atos** spokesperson refused to comment on the number of its assessors subject to multiple complaints.But he said in a statement: “As part of our commitment to provide a high quality service we have invested in our continuous professional development training for all health professionals.”A DWP spokesperson refused to say if the figures showed there were still serious concerns about its management of the PIP contracts and the performance of the two companies.She also refused to say if DWP was concerned by the Capita audit results and the number of Atos and Capita assessors subjected to multiple complaints within three-month periods.She refused to say why DWP had not released the Atos audit results to John Slater.And she refused to say if DWP had taken any action to address these concerns.But she said in a statement: “We are committed to ensuring that the PIP assessment providers give our claimants the highest quality service.“That’s why we set the providers challenging targets and monitor their performance closely, and the latest figures show that complaints make up just one per cent of all the assessments carried out.”Meanwhile, work and pensions secretary Amber Rudd today (Thursday) announced an in-depth review of how terminally-ill people and those with “severe conditions” are treated by the benefits system.The announcement came days after a report compiled by the charity Marie Curie and published by the all party parliamentary group for terminal illness saw people with terminal illness calling on ministers to end the “arbitrary and outdated” rules that force many of them through a “demeaning” and “insensitive” benefit assessment process.*Sign the Jodey Whiting petition here. If you sign the petition, please note you will need to confirm your signature by clicking on an email you will be sent automatically by the House of Commons petitions committee**Atos delivers its PIP assessment contracts through Independent Assessment Services, a trading name of Atos IT Services UK last_img read more