Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires It could be a match made in draft heaven, but according to Bidwill, him attending the private workout does not mean all that much.“It’s funny, because each year I go to the Scouting Combine and I let the personnel people do their thing,” Bidwill told Doug and Wolf on Arizona Sports 98.7 FM Thursday morning. “Steve and his team with the input of Bruce and the coaching staff do a great job, but I attend all those scouting activities and I attend private workouts.“I attend them every year; some of them, people report on, some of them people never report on — we never really announced which ones I go to and which ones I don’t.”Bidwill said he attends the workouts when his schedule allows it because he likes being at them to get a better idea of potential draft picks.Last season, Mahomes threw for 5,052 yards and 41 touchdowns with 10 interceptions, and in three years with the Red Raiders he passed for 11,252 yards and 93 touchdowns, with just 29 picks.The 6-foot-3 quarterback has excellent production and good size for the position, but comes with the question mark of coming from an offense that is nothing like what he would be running at the NFL level for a team like the Cardinals. LISTEN: Michael Bidwill, President of the Arizona Cardinals Your browser does not support the audio element. “We haven’t organized our board yet, we’re in the evaluation process,” he said. “Patrick Mahomes had a great college career, but there are other quarterbacks out there and other players at other positions that have had great careers at their positions, and we’re still evaluating them all.“Again, I think there was a lot made out of that, but don’t read too much into it.” Some Arizona Cardinals fans likely fell into a tizzy when they learned the team held a private workout with Texas Tech QB Patrick Mahomes.The report came from NFL insider Aaron Wilson, and in it he said the passer “excelled for large contingent of staffers,” which apparently included Cardinals president Michael Bidwill.This would seem notable because Mahomes is viewed as one of the draft’s better quarterback prospects, and the Cardinals just so happen to be interested in selecting a quarterback. Derrick Hall satisfied with D-backs’ buying and selling Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Texas Tech quarterback Patrick Mahomes (5) scrambles in the pocket before passing in the first half of an NCAA college football game against Baylor Saturday, Oct. 3, 2015, in Arlington, Texas. (AP Photo/Tony Gutierrez) So if the Cardinals are indeed interested, it makes sense to learn as much about him as possible.“Patrick Mahomes is one we weren’t able to schedule at the Combine this year, and that was an important one because, again, all the top prospects I meet every year, and whether it’s at the Combine, it’s at our training facility or, on occasion, with private workouts,” Bidwill said. “I’m going to be attending many more private workouts this year — I’m not sure all of them will be leaked out to the media or whatever, but don’t read anything into that.”As so often happens this time of year, Bidwill could be throwing up a smoke screen in an effort to hide his team’s true intentions. In fact, a collection of mock drafts shows Mahomes isn’t really on Arizona’s radar, at least in the first round.That said, Mahomes would make a lot of sense for the Cardinals, perhaps even as high as pick No. 13. In a draft with no sure-thing at the position, he would seem to fit the mold of the kind of quarterback head coach Bruce Arians would like to bring on board.But if Bidwill is to be believed, his involvement in the scouting of a QB who accounted for 115 total touchdowns in three years with Texas Tech really carries no extra meaning. 0 Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more

Rep Farrington House GOP Action Plan addresses key concerns

first_img Skilled trades, veterans issues included in plan 16Feb Rep. Farrington: House GOP Action Plan addresses key concerns Categories: Diana Farrington News,Newscenter_img State Rep. Diana Farrington today joined her House colleagues as the 2017-18 House Republican Action Plan was unveiled, setting priorities for the current legislative session.Farrington, of Utica, said she is especially pleased that the blueprint for the next two years addresses two key issues: veterans and skilled trades.“Michigan’s veterans either are not aware of or aren’t seeking the benefits they so richly deserve, and we should take great pains to assure they receive their full benefits,” Farrington said. “These men and women put their lives on hold and often went into harm’s way to defend their nation, and we should do everything possible to make them feel as comfortable and welcome as possible.”Farrington said one way to assure veterans and other Michiganders have secure futures in Michigan is to help them obtain training for the many skilled-trades jobs that exist.“These are good-paying jobs that can give families a solid foundation in Michigan, and we can help by increasing skilled-trades education,” Farrington said. “If we can answer the need for qualified workers, Michigan’s economy will continue to grow.”The House Action Plan may be found at http://gophouse.org/best-way-forward/.#####last_img read more

Rep Wentworth Michigan schools will become safer with new state laws

first_img Categories: News,Wentworth News 28Dec Rep. Wentworth: Michigan schools will become safer with new state laws A comprehensive plan to make Michigan schools safer has been signed into state law, including a measure from Rep. Jason Wentworth establishing a statewide commission to review and help upgrade building security.The bipartisan plan also enhances law enforcement training, establishes reporting procedures for incidents in schools, and makes the OK2SAY school safety program permanent.“This is an important day for Michigan – especially for our children,” said Wentworth, of Clare. “These reforms will establish a framework to help make every school in the state safer for students, teachers, and everyone else in our communities. Improving security is a continuous, ongoing evolution – and these changes are an important step forward.”Wentworth’s legislation creates a commission evolving from a gubernatorial task force charged with making school safety recommendations. Working with a new Office of School Safety, the commission will help develop a system to audit and improve safety procedures in Michigan schools. The Office of School Safety – which will be part of the Michigan State Police – will distribute grants to help schools make security improvements.Wentworth worked with local schools, law enforcement, and legislators from both major political parties to craft his plan.Other pieces of the overall plan include:Mandating consistent, standardized training related to school violence incidents as part of the requirements to be a licensed law enforcement officer in Michigan.Establishing a liaison within each school district to report to and work with the state – a necessary step to make sure improved safety practices reach every corner of Michigan and that local perspectives are included in the process. Emergency operations plans will be adopted for each school building.Requiring schools to submit incident reports to Michigan State Police. The reports will provide state school safety officials with examples of how incidents were handled to develop best practices for other schools to follow.Requiring schools to consult with local law enforcement officials prior to major renovations or new construction projects, with the goal of including building safety features.Removing the elimination date for the OK2SAY program, which allows the confidential reporting of tips on potentially harmful or criminal activity directed at students, school employees or school buildings. OK2SAY has handled more than 16,000 tips since its debut in 2014. The program is expanding and adding resources.The school safety package includes House Bills 5828-29 and 5850-52, along with Senate Bills 882, 982-83 and 990-91. Wentworth’s bill is House Bill 5828.last_img read more

Xavier Couture France Télévisions programming chi

first_imgXavier CoutureFrance Télévisions’ programming chief Xavier Couture is to leave the group early next year to focus on personal projects.Couture, who is director of strategy and programming at the public broadcaster, will leave at the end of January or the beginning of February. News of Couture’s departure was first reported by news site Puremedias.com on Monday, and subsequently confirmed by the broadcaster.According to Puremedias.com, Couture is committed to the creation of an institute of media studies that would preclude him continuing in his role at the pubcaster.Couture, 66, was appointed by France Télévisions director-general Delphine Ernotte just over a year ago, replacing Caroline Got, who moved to take over at flagship channel France 2 in place of Vincent Meslet.Both Couture and Ernotte previously worked for Orange. Couture, who previously worked for TF1 and Eursoprt and was briefly CEO of Canal+ before joining Endemol in 2003. He joined Orange in 2007, taking charge of content and was subsequently placed in charge of new business areas and communication. He left Orange in 2013 to work for various media companies in a consultative role.Couture was hired by Ernotte in part for his digital expertise. At the end of last year Ernotte outlined plans to launch an SVOD offering that would help the broadcaster offer an alternative to international OTT TV providers such as Netflix in the French market. However, more recently France Télévisions has been asked to find additional cost savings and little has been heard of its on-demand plans of late.last_img read more

Putins Plan Is Working Rosneft has grown dramat

first_img Putin’s Plan Is Working Rosneft has grown dramatically in the last ten years – not by chance, but because Rosneft is Vladimir Putin’s vehicle to reassert state ownership over a fair chunk of Russia’s oil fields. The most famous example happened in 2003, when Putin charged privately held producer Yukos Oil with a $27-billion tax bill that bankrupted the company. The Russian president then handed Yukos’ oil fields over to Rosneft, immediately boosting Rosneft’s daily production from 400,000 barrels to 1.7 million barrels. It was blatant nationalization. Yukos’ chairman and founder, Russian billionaire Mikhail Khodorkovsky, was convicted of fraud and sent to prison. Overnight, Rosneft ballooned from a small producer to Russia’s biggest oil company. With a snap of his fingers, Putin had created a national oil giant, a vehicle through which he could pursue his plan to reassert Russian influence in the world by controlling other countries’ energy needs. The pending TNK-BP deal is simply the next step in this plan. If Rosneft does buy TNK-BP, the state oil giant will pump almost half of the barrels of oil produced in Russia. That is a massive amount of oil. Remember, only Saudi Arabia produces more oil than Russia; and no country in the world exports more oil than Russia. The country is an energy superpower – and by gradually nationalizing Russia’s energy resources, Putin is tightening his grip on Europe’s energy needs. However, Putin knows he can’t quite do it alone – his country doesn’t have enough oil and gas expertise. Without the right expertise, production will tank, and Putin’s whole plan will be derailed. History proves that point. When Saudi Arabia nationalized its oil industry in 1980, the country was producing more than 10 million barrels of oil per day. Within five years, production had fallen by more than 60%. For Putin, that’s not an option. That’s why he is encouraging BP to stick around – Rosneft needs BP’s technical expertise in order to tap into Russia’s huge reserves of unconventional tight oil and shale gas. Having BP as a significant shareholder also lets Putin continue the pretense that Rosneft is not simply an arm of the government. But an arm of Putin’s government it is, and as Rosneft gradually takes control of more and more of Russia’s oil wealth, Putin’s leverage on the international stage will increase. Saudi Arabia may have struggled in its early years as an oil-producing giant, but today the country hosts incredible clout on the world stage because of its ability to open or close oil spigots and thereby influence global oil prices. Europe is reliant on Russia for oil and gas. To be in control of other nations’ necessary energy resources is to be in a very powerful position – one that Putin has been working toward for more than a decade. He has built pipelines that bypass troublesome countries and feed into needy markets. He is cornering the uranium market by owning a large amount of primary production and controlling 40% of global uranium-enrichment capacity, while leaving the United States in need of a new nuclear-fuel supplier. He has increased Russia’s oil and gas production and encouraged unconventional exploration. Gazprom, the Russian state gas company, already has Europe wrapped around its little finger. Russia supplies 34% of Europe’s gas needs, and when the under-construction South Stream pipeline starts operating, that percentage will increase. As if those developments weren’t enough, yesterday Gazprom offered the highest bid to obtain a stake in the massive Leviathan gas field off Israel’s coast. Gazprom in control of Europe’s gas, Rosneft in control of its oil. A red hand stretching out from Russia to strangle the supremacy of the West and pave the way for a new world order– one with Russia at the helm. It is not as far-fetched as it might seem – or as you might want it to be. If Rosneft does buy both halves of TNK-BP, it will become a true goliath within the global oil sector. All the little Davids who rely on its oil will be at Putin’s mercy. Same goes for Gazprom as a Goliath in the continent’s gas scene. In this scenario, Russia could choke off supply to raise prices. Putin could play oil- and gas-needy nations off one another, forcing European nations to commit to long-term, high-priced contracts if they want secure supplies. Or imagine this: Russia could join OPEC. Suddenly the oil cartel would control more than half of global oil production and most of its spare capacity. With that kind of clout, the nations of OPEC could essentially name their price for oil – and the rest of the world would simply have to pay. Additional Links and Reads Rosneft to Replace Gazprom as Energy Driver on TNK Deal (Bloomberg) Rosneft’s deal to buy TNK-BP will accelerate the company’s eclipse of Gazprom as the dominant force in Russia’s energy industry. Over the past decade Russian President Vladimir Putin used Gazprom, the world’s biggest natural gas producer, to assert Russia’s power. Today, the lead role in Russia’s energy machine is shifting to Rosneft. Investors, Analysts Weigh Fallout from Canada’s Rejection of Petronas-Progress Deal (Platts) Late on Friday night the Canadian government issued its decision on the proposed takeover of Canadian natural gas firm Progress by Malaysian energy giant Petronas: the government said no. Investors and analysts were left scratching their heads – the deal seemed to fit the government’s requirement of being in Canada’s net interest. But with CNOOC’s proposed deal to buy Nexen also awaiting government approval, all the prime minister’s office would say is that its new framework clarifying the Investment Canada Act is pending. For now, that just means that no one is really sure whether Canada is open for business. Obama Faces Tough Call on Iran Oil Sanctions (Reuters) Mere weeks after the election, President Obama will be faced with a pivotal decision regarding the US’s sanctions against Iranian oil: whether China, India, South Korea, and other nations have done enough to wean themselves from Iranian oil. The decision requires a careful balance between the need to stay tough on Iran and the worry that too much pressure will punish the world with high oil prices. US Natural-Gas Boom Claims First Nuclear Plant (Reuters) Dominion Resources is shutting its Kewaunee nuclear plant in Wisconsin next year. It’s the first US nuclear plant to fall victim to growing competition from natural gas, but it likely won’t be the last. After claiming hundreds of coal-fired plants, the surge in US shale-gas output is now starting to grind down the nuclear industry, and smaller, older plants like Kewaunee are the first to feel the pressure. What’s In It For BP Russia has been a pretty profitable place for BP, and while BP is tired of dealing with the drama within TNK-BP, the British firm definitely wants to stay in Russia to participate in developing the country’s vast northern oil and gas potential. A cash and shares deal gives BP a nice ownership stake in Rosneft, which is the best way to profit from Russia’s immense untapped oil potential – because Putin will ensure Rosneft gets first dibs at prime opportunities. Depending on the size of BP’s slice, the company would likely also get a seat or two on Rosneft’s board. That is as important as anything else, because it would put BP personnel in regular, direct contact with Igor Sechin, the CEO of Rosneft, who has a significant say in Russian energy policy. In general, a role in Rosneft would also allow BP to pursue closer ties with a Kremlin that exerts a much tighter hold on the oil industry than it did in the 1990s, when BP first invested in Russia. And anyone who wants to operate in Mother Russia has to have an inside track to the Kremlin – or you are likely to find yourself unexpectedly kicked to the curb. Dear Reader, The presidential election is just weeks away, major deals are being made and denied in the markets, and gold prices are jumping around – there will be lots to discuss at the upcoming New Orleans Investment Conference. If you’re attending the conference, be sure to attend the Casey discussion with Doug Casey, Louis James, and Marin Katusa. The event will take place on the main stage (Grand Ballroom A&B) in the conference hall at 8:45 p.m. on Thursday. And now on to the topic of the day – the rise of a new global oil shah. Marin Katusa Chief Energy Investment Strategist Casey Research Vladimir Putin: The New Global Shah of Oil By Marin Katusa Exxon Mobil is no longer the world’s number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company. Rosneft is buying TNK-BP, which is a vertically integrated oil company co-owned by British oil firm BP and a group of Russian billionaires known as AAR. One of the top-ten privately owned oil producers in the world, in 2010 TNK-BP churned out 1.74 million barrels of oil equivalent per day from its assets in Russia and Ukraine and processed almost half that amount through its refineries. With TNK-BP in its hands, Rosneft will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir Putin, Russia’s resource-full president. TNK-BP has been an economic dream, producing many billions in dividend payments for its owners – but it has been a relations nightmare. The partners have fought repeatedly. In 2008 Russian authorities arrested two British TNK-BP managers amid a dispute over strategy that forced then-CEO Bob Dudley (who now heads BP) to flee Russia – and that is just one of many partnership scandals. The writing has been on the wall for TNK-BP since this time last year, when one of the AAR billionaires quit his role as CEO of the venture and declared that the relationship with BP had run its course. Since then speculation has raged over who might buy into the highly profitable venture. Now we know: Rosneft is buying the whole thing, in a two-part deal. In the first part, Rosneft is acquiring BP’s 50% stake of the joint venture in exchange for cash and Rosneft stock worth $27 billion. The deal will give BP a 19.75% stake in Rosneft. In stage two, AAR would get $28 billion in cash for its half, though this deal is not yet finalized. Finalized it will be, however, because the billionaires of AAR are now eager to sell, rather than remain in a joint venture with the powerful Russian oil company. Rosneft gained much of its current heft at the expense of another Russian oligarch whom Putin threw under the bus, and the billionaires of AAR know they could easily meet the same fate if they try to partner with Rosneft as equals. If it all comes to pass, Rosneft’s daily production will jump to some 4.5 million barrels per day – enough to put the Russian firm neck and neck with Exxon in the race to be the world’s top oil producer. And the deal that seals it will be worth something like $56 billion – for comparison, Nike is worth $34 billion and Kraft only $27 billion. If the TNK-BP deal goes through, it will be the largest in the industry since Exxon bought Mobil in 1999. Numbers like that deserve a little contemplation. Russia is spending a heck of a lot to buy its own oil production – smells like nationalization to me. And with Vlad Putin – the most resource-driven leader in the world today – behind the controls, I dare say we’re witnessing the “Saudi Aramco-ing” of Russian oil. Putting Putin in a position of even greater resource power can only lead one place: to high oil prices and a new Cold War in energy.last_img read more

These rallies are being met by stiff resistance fr

first_imgThese rallies are being met by stiff resistance from da boyz After chopping sideways in a tight range for almost all of the Far East trading session on their Monday, the gold price caught a bid about 3:30 p.m. Hong Kong time—and thirty minutes before the London open.  Most of the impressive gains were in by 9 a.m. GMT—ninety minutes later—and from there it chopped quietly higher once again, but in a far wider range.  I’m speculating here, but from the Kitco chart below, it appears that the powers-that-be were attempting to keep the gold price below the $1,300 spot price mark, but maybe I’m imagining things—black bears in dark rooms that aren’t there, sort of thing. The low and high ticks were reported by the CME Group as $1,272.10 and $1,297.20 in the February contract. Gold closed in New York yesterday at $1,294.20 spot, up $13.90 from Friday’s close.  Net volume was monstrous once again at 221,000 contracts. After following a similar price path as gold, yesterday’s price action in silver was pretty clear cut, as the not-for profit-sellers were out in force shortly after 9 a.m. GMT in London yesterday morning—and by the noon silver fix had the price back to unchanged on the day, after it had broken through the $18 spot price mark for a microsecond.  And it’s equally as obvious that every rally to equal that price after that, met a similar fate. The low and high ticks in the March contract were recorded as $17.63 and $18.045. Silver finished the trading day on Monday at $17.975 spot, up 19.5 cents from Friday’s close but, like gold, would have finished materially higher if allowed to trade freely, which it obviously wasn’t.  Silver’s net volume was very heavy at 58,500 contracts. Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, info@uraniumenergy.com. Palladium also showed signs of life before the Zurich open—and that white metal hit its high of the day shortly after the Zurich close as well. Palladium finished the Monday trading session at $774 spot, up an even 20 dollars. The silver equities hit their highs of the day about twenty-five minutes after the markets opened on Monday in New York—and from there they chopped sideways in a fairly tight range for the remainder of the day, although they also rallied a bit starting around 2:45 p.m. EST.  Nick Laird’s Intraday Silver Sentiment Index closed up an impressive 4.62%. And as I write this paragraph, the London open is less than ten minutes away.  All four precious metals are up from their Tuesday closes in New York—with gold above $1,300—and silver above $18 the ounce, at least for the moment.  Gold’s net volume is around 30,000 contracts—and silver’s net volume is just over 8,000 contracts—so it’s obvious that the rallies in these two metals are being met by ferocious resistance from the “Big 8” short holders.  The best looking horse in the currency glue factory is down 22 basis points at the moment. Yesterday was the cut-off for Friday’s Commitment of Traders Report—and you don’t need me to tell you  that it will be ugly across the board when it does put in an appearance, as the powers-that-be are throwing everything they have at the rallies in both gold and silver—and this has been going on every day since last Tuesday’s cut-off. And as I hit the send button on today’s column at 4:55 a.m. EST, I see that gold is hanging onto the $1,300 spot price mark by its proverbial fingernails, silver is still above the $18 spot price mark—and platinum and palladium are up a dollar or so each.   Net gold volume is around 39,000 contracts—and silver’s net volume is a bit over 10,000 contracts.  These are higher numbers than just before the London open, of course, but not by a material amount for two hours worth of trading. The U.S. dollar index is chopping around a bit—and down 23 basis points. Before heading out the door, I’d like to point out that Casey Research’s “Going Global—the 2015 Edition” is now available. As Doug Casey said in the past—“Remember, your government—considers you a milk cow. And history has shown, if they need to, they’ll use you as a beef cow, as well—“. Washington is desperately looking for ways to bail out troubled union pension funds… and one of those ways is to take over 401(k) plans and IRAs.  Sounds preposterous, but it’s true.  In fact, in October 2010, Congress held a hearing on a proposal to do exactly that.  The talks went nowhere, but now they’re resurfacing again, raising the specter of every American losing control of their retirement funds. This $99 special report Going Global special report will show you how to protect yourself now. Going Global 2015 is an updated version of the original Going Global 2014 special report. It has many updates and is definitely still valuable to people who purchased the original report. Because, however, we realize there are some similar subjects, we’ve structured the pricing as follows: $99 for people who never purchased Going Global 2014  $29 for people who purchased Going Global 2014 in the past And you can find out all you need to know by clicking here. I’m off to bed—and I’ll be more than interested what the precious metal charts look like when I roll out of bed later this morning. See you here tomorrow.center_img After trading flat until around 2:30 p.m. Hong Kong time, the platinum price began to chop higher under what appeared to be resistance of some sort, but ran away to the upside a bit shortly after COMEX trading began in New York.  The rally ran out of gas/got capped the moment that Zurich closed for the day—and it chopped a few dollars lower after that.  Platinum closed yesterday at $1,277—up $19 from Friday. It’s hard to believe that we’ll ever see that old high again, but we will eventually. The CME Daily Delivery Report showed that zero gold and 10 silver contracts were posted for delivery within the COMEX-approved depositories tomorrow.  Once again the short/issuer was Jefferies—and Scotiabank stopped 7 of them. So far this month, there have been 8 gold and 401 silver contracts delivered.  That’s a negligible number for gold, as January is not a traditional delivery month.  But the silver contracts delivered so far in January is quite impressive—and it’s not a traditional delivery month for silver, either—and there’s still lots of month to go. The CME Preliminary Report for the Monday trading session showed that January open interest in gold increased by 3 contracts to 90 contracts still outstanding.  In silver, January o.i. now sits at 62 contracts, down 18 contracts from Friday’s report. It was another big day over at GLD, as an authorized participant deposited a whopping 364,947 troy ounces of gold.  In the last three consecutive business days in the U.S., a whopping 1,114,082 troy ounces of gold have been deposited in GLD!  These are big, big numbers dear reader! So, what’s happening over at the SLV ETF?  Funny you should ask that question.  There hasn’t been one single ounce of silver deposited in SLV since December 1, 2014—and yes, you read that right.  As a matter of fact, since that deposit on December 1, authorized participants [most likely JPMorgan and a tiny handful of other A.P.’s] have withdrawn 25.15 million ounce of silver from SLV, the latest being the 4.55 million troy ounces that they took out last week. Ignoring the price shenanigans in silver from November 28 to the end of December 2014—silver has rallied about $2.50 from the beginning of the 2015 calendar year—and not one ounce has been deposited.  Only withdrawals.  So it’s obvious that authorized participants, particularly JPMorgan, have been shorting the shares of SLV in lieu of depositing real metal, as the metal to deposit obviously doesn’t exist. I’m not sure how much silver that SLV is owed at the moment, but I’m sure Ted will have a something to say about all of this in his mid-week column to his paying subscribers which comes out mid-afternoon EST today. The confounding thing about all this, is that only Ted Butler is talking about it.  The other so-called silver analysts out there—and they’re all “so-called”—treat this issue like they would the Ebola virus.  They won’t come near it.  As I said last week, dear reader, you have to ask yourself why this is the case? This, and the manic in/out movements in COMEX warehouse silver stocks—and the record high silver eagles and silver maple leaf sales in the face of punk retail sales—are the silver stories of the decade, if not this very young 21st century.  Why, why, why is nobody else talking about this!!! This whole thing screams of what some might call fraud/scam—and on a biblical scale! As a side note, the U.S. Mint had a sales report on Tuesday.  They didn’t sell any gold, but sold another 954,500 silver eagles.  That brings silver eagle sales for 2015 up to the 4,656,000 mark, with another eight business days still to go in the month of January. Over at the COMEX-approved depositories on Friday, there were no in/out movements in gold at all—not one ounce.  But it was another busy day in silver, as 721,689 troy ounces were reported received—but only 85,338 troy ounces were shipped out.  The link to the silver action is here. As a point of interest here, I noted that The Central Bank of the Russian Federation did not update their website with December’s data yesterday.  They normally update their monthly data like clockwork on the 20th of the month, but not this time.  I’m sure they’re having “issues” at the moment, but I’m anxious to see if they added any gold to their reserves in December.  I will keep checking their website on a daily basis going forward—and let you know the moment they bring their Internet site up to date. And one more thing before I get to the stories, the good folks over at the allengelhard.com Internet site have issued a press release about their new “Investment and Collectibility Rating” for legacy Engelhard silver bars—and you can find out all about it by clicking here. I don’t have an overly large number of stories today, so I hope you find some in here that interest you. You know the premise – if the crooks at JPMorgan add to silver shorts, the price likely gets capped; if not, away we go. It’s too soon to know for sure what JPMorgan did after the cut-off last Tuesday, but if this crooked bank didn’t add to silver shorts no one has to wonder about the jump in price on Friday. If JPMorgan’s reluctance to add shorts indicates a real change in the bank’s future silver strategy, I couldn’t come up with a more bullish development. If it turns out these crooks did sell, I may have to kick it up a big notch in working to expose just how crooked this bank is, as increasing numbers of you are imploring me to do. I can’t imagine how any honest financial institution could tolerate the kinds of accusations I level without a rebuttal. Yet, mum’s the word on the part of JPMorgan and the CME Group. We’ll see how long that lasts. – Silver analyst Ted Butler: 17 January 2015 Well, it was another interesting day in the precious metal market yesterday—and it should be obvious by the associated volumes that these rallies are being met by stiff resistance from “da boyz”. Here are the 6-month charts for all four precious metals.  As you can see, we are in overbought territory in gold—and rapidly approaching that in silver as well. Of course these rallies can continue for a while longer—and whether the clock is ticking on the next engineered price decline is open for debate, because the real possibility exists that the short holders in the Commercial category could get over run this time around.  But as Ted Butler has been saying for decades, if it does happen, it will be for the very first time. However, there’s a first time for everything. The gold stocks gapped up at the open—and then crawled to their high tick of the day, which occurred precisely at noon EST.  There there they got sold down over two percent to their lows of the day, which came around 2:45 p.m.—and from there, they rallied into the close.  The HUI finished up another 3.40%. And not that I wish to rain on anyone’s parade, but here’s the long-term Silver Sentiment Index going back to mid 2009 to put the last couple of months worth of gains in perspective—and as you can tell, we’ve got a ways to go to get back to anywhere near the high tick that preceded JPMorgan’s drive-by shooting that occurred on May 1, 2011.last_img read more

The first rule of soccer is pretty obvious dont

first_imgThe first rule of soccer is pretty obvious: don’t use your hands. But soccer’s signature move, heading the ball, can cause a detectable impact on players’ brains. And according to a study published Tuesday in Radiology, female players are more sensitive to the impact than males. The study authors found that female amateur soccer players who frequently head balls showed more white matter brain alterations than their male counterparts. The study included 49 women and 49 men, ages 18 to 50, and examined MRI imaging of players’ brains. Each female player was compared to a male player of a similar age and with other similar characteristics including frequency of heading exposure. Lead author Michael Lipton, a neuroradiologist and neuroscientist at Albert Einstein College of Medicine, says white matter in the brain can be compared to fiber optic cable, which connects a network of computer. White matter is made up thread-like axon nerve fibers that connect neurons to each other, and their protective covering, myelin. Heading causes these brain tissues to become disorganized, Lipton says. His previous research found that these abnormalities accompany poorer cognitive function associated with memory or attention issues when associated with heading. “The most important finding here is that we see that in women’s brains, actually looking at brain tissue, there seems to be a greater sensitivity to repetitive, very low-level injury relative to men,” he says. An important note about this research, Lipton says, is that it isn’t about concussions. Instead, it’s measuring “sub-concussive injuries,” or repeated impacts that don’t cause any immediate, acknowledged problem for the player, but could be problematic in the long-term.”It’s actually more important to define what’s happening in people that are not yet symptomatic, because that’s where there’s still an opportunity to head off long-term problems,” he says.It’s already known that female soccer players are at a higher risk of concussion than males. Wellington Hsu, a professor of orthopedic surgery at Northwestern University, led a decade-long study of injuries among high school athletes that found this. But the current study gives additional evidence that women are more susceptible to the impact of heading, and shows more areas of women’s brains are susceptible to potential injury than men’s. Hsu, who was not involved in the current study, says while it’s not possible to draw firm conclusions from the study alone, it suggests a path forward for making the sport safer.”What I think this paper may lead to is further research in the preventative mechanisms of concussions, whether or not it’s a brace or a helmet or heading technique or a different way we think about this in men and women,” Hsu says. Women are more likely to report concussion-related symptoms than men, but Lipton says there has been debate over whether women actually are more sensitive or just more likely to speak up. This study confirms that there are changes in the tissue of women’s brains after these repetitive hits from the soccer ball that are different from men in a similar situation. “This is the first time anybody has put a definitive piece of information behind what has been a contentious dispute as to whether women’s brains are intrinsically more sensitive, or whether it’s an artifact of reporting of symptoms,” Lipton says.It’s unclear why women more biologically likely to be affected by repetitive heading. Lipton says it could have to do with sex hormones, or with the fact that women typically having less body and muscle mass than their male counterparts.Thomas Kaminski, a professor of kinesiology and applied physiology at the University of Delaware, who was not involved in the study, says that the differences in these changes in the brain could have to do with neck strength. Women typically have weaker necks and smaller heads than men. Does this research mean women should hang up their cleats forever? Probably not, says Lipton. There are a lot of brain health benefits to getting active, and women are actually okay to head the ball up to a certain point.”We’re not saying that you head the ball and then you’re brain injured,” Lipton says. “The data consistently shows that there seems to be some level of exposure to these repeated impacts which is pretty well tolerated by most people. It’s really a matter of figuring out how much is too much.”Lipton says he hopes to find out if there’s a safe threshold on heading impact for women. The latest FIFA data shows 265 million people play soccer across the globe, and Lipton says, adverse effects when multiplied by that many people “potentially [pose] a huge public health concern.” “The problem isn’t that [soccer is] creating all kinds of vegetative, brain damaged people,” he says. “But what’s the potential benefit of athletics that’s being given up by the effect of this kind of repeated head injury? And is there a way to strike a balance so that people can benefit maximally and not incur the adverse effects?”Kaminski says it would be interesting to take this research one step forward and explore this problem in youth. In the U.S., youth players can start heading the ball at age 11. He thinks it’s worth questioning whether that age cutoff should be older. Parents are faced with the issue of wanting their kids to be active but safe at the same time, he says.”What happens if [children] head the ball ten times, or a hundred times?” he says. “Would you see these changes? Those are the big question marks I have.”Carla Garcia, a Brooklyn resident and participant in the study, has been playing soccer since she was five. Now 52, she says these results probably won’t change the way she plays, but if she were younger, she would consider heading the ball a bit less. She joined the study as a way to give back to the sport she loves — and she even wants to donate her brain to science to help researchers understand brain injuries. “I think it probably over the long term will have an effect on the way that younger women and younger people play, and I got involved for that reason,” she says. “I thought that Dr. Lipton and his colleagues could find the way to make it safer for kids to play.”Sara Kiley Watson is NPR’s Science desk intern. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

Apples First iPhone Game in Over a Decade Stars Warren Buffett

first_img 2 min read Image credit: Apple via engadget May 7, 2019 Register Now » Jon Fingas Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals –shares This story originally appeared on Engadget Apple’s First iPhone Game in Over a Decade Stars Warren Buffett Games Think of it as ‘Paperboy’ for billionaires. Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Add to Queue Apple doesn’t do gags by half-measures, apparently. Tim Cook made an appearance at Berkshire Hathaway’s annual meeting where he jokingly suggested in a short film that Warren Buffett could have a newspaper-tossing iPhone game, but it turns out that this wasn’t just empty banter — the game is real. Apple has released a Warren Buffett’s Paper Wizard title for iPhones that has you tossing papers (much like Buffett did as a child) to earn “Warren Bucks” based on your delivery skills. Think of it as a first-person, touchscreen Paperboy for would-be billlionaires.The title is credited to “Wildlife Designs” in the App Store, but the splash screen and the game’s terms make it clear that Apple is directly responsible.That makes the app something of a milestone. As MacRumors noted, it’s the first game Apple has released since 2008, when it created an iPhone-friendly version of its iPod title Texas Hold’em. No, this doesn’t herald a return to regular in-house game development at Apple. However, it does show that Apple is willing to commit to the bit — even if knows it’s not about to produce a mobile gaming classic in the process. Next Article last_img read more

YouTube Founders Launch MixBit Video App to Rival Vine and Instagram

first_img Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Add to Queue Thanks to the proliferation of video cameras on mobile devices, we are all citizen photojournalists. With the launch of MixBit, we can all be citizen video editors, too.Launched by YouTube co-founders Chad Hurley and Steve Chen, the new video application for your mobile phone is positioned to rival six-second video app Vine and Instagram’s new video capacity, which allows users to record up to 15 seconds of video at a time.With the MixBit software app, a user can record video clips up to 16 seconds long, and then edit as many as 256 video clips into one single presentation, according to the description on Apple’s iTunes store. The entire editing process can be done on your mobile phone. Users can also use content uploaded to the site by the community. At the bottom of this article, there is a sample video made with the app. To fund the development of the app, AVOS, the company behind MixBit, raised venture capital money in April last year from Google Ventures, the China-based incubator Innovation Works, Madrone Capital and New Enterprise Associates. Exactly how the app will make money is not clear yet. “The focus is on creating a product and service that people love,” MixBit says.Related: Apple’s App Store Turns 5: A Look Back at the Most-Popular Business AppsThe app is free and now available for Apple devices such as the iPhone, iPad and iPod touch. It is expected to be available on Android devices in the next few weeks.“We started YouTube to democratize video distribution. Now, we are democratizing video creation,” said Chad Hurley, co-founder of San Mateo, Calif.-based AVOS, in a statement. “Video is the most interesting and engaging way to share an idea with others. We want to remove barriers to video creation, while encouraging and enabling open collaboration.”Hurley and Chen founded YouTube in 2005 and sold it to Google for $1.65 billion in stock in 2006. Today, 100 hours of video are uploaded to YouTube each minute, according to AVOS.Related: How to Make the Most of YouTube’s New Redesign YouTube Founders Launch MixBit Video App to Rival Vine and Instagram Image credit: MixBit Next Article Catherine Clifford YouTube co-founders Chad Hurley (left) and Steve Chen. Senior Entrepreneurship Writer at CNBC August 8, 2013 2 min read –shares Technology Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Register Now »last_img read more

Twitter Reportedly in Talks to Acquire Shots the BieberBacked Selfie App

first_img On Monday, in a bold display of how-not-to-use-Twitter Anthony Noto, the company’s CFO, appeared to confuse the platform’s tweet and direct messaging features, unintentionally tweeting out a public missive about a potential acquisition that he meant to send privately.The Internet was quick to try and identify the company referenced in the tweet (Re/code drew up a handy list of potential suspects).Is the anticipation killing you? Well, today’s your lucky day: CNBC is reporting that it’s probably Shots, a Justin Bieber-backed selfie app.Related: Justin Bieber Gets a Case of Startup FeverTwitter has held talks with the company, in which Bieber is an investor, according to a source, who told the outlet that Shots’ main draw is its user base (more than 3 million strong, out of which nearly two-thirds are women under the age of 24).While Bieber is largely the public face of the app, Shots is run by CEO John Shahidi, who has built up something of a reputation for himself as a Twitter guru (read up, Noto). In response to the acquisition rumors, Shahidi told FOX Business “we are focused on building out the product and not focused on selling it,” although he did not deny that conversations had been held with Twitter, instead telling the outlet he would not comment further on “rumors or speculation.”Launched in November 2013, Shots has raised $2.7 million in funding.Related: What You Can Learn From Justin Bieber About Marketing on Twitter 2 min read 2019 Entrepreneur 360 List Add to Queue Guest Writer Next Article November 26, 2014 Apply Now »center_img Laura Entis Twitter Reportedly in Talks to Acquire Shots, the Bieber-Backed Selfie App Acquisitions The only list that measures privately-held company performance across multiple dimensions—not just revenue. –shares Opinions expressed by Entrepreneur contributors are their own.last_img read more

How One Persons Ignorant Behavior Insulted an Entire Country

first_img Contributor Image credit: Maxx Wolfson | Getty Images 83shares Ryan Lochte Apply Now » Opinions expressed by Entrepreneur contributors are their own. Swimmer Ryan Lochte Add to Queue Jacqueline Whitmore Author, Business Etiquette Expert and Founder of The Protocol School of Palm Beach How One Person’s Ignorant Behavior Insulted an Entire Country 4 min read Next Article 2019 Entrepreneur 360 List My mother always said, “Nothing good happens after midnight.” Apparently, 12-time Olympic medalist, Ryan Lochte never received this advice. And if he did, he certainly didn’t believe it. Until now.With everything going on in the world today, most people know that a foreign country is not the place to stir up trouble and behave recklessly, especially in the wee hours of the morning. Furthermore, when security guards flash their badges and point their guns at you, they mean business.The last thing you want to do is get in a heated exchange with officials, unless you want to put your life or reputation in jeopardy.Unfortunately, Lochte did the latter when he fabricated a different scenario. Lochte said he and James Feigen, Jack Conger and Gunnar Bentz were robbed at gunpoint in the early morning hours of August 14 as they returned from a party.Related: New Security Camera Footage Sinks Ryan Lochte’s Robbery Claims”It’s how you want to make it look like,” Lochte responded in a prior interview with Matt Lauer. “Whether you call it a robbery or whether you call it extortion or us paying just for the damages. We don’t know. All we know is there was a gun pointed in our direction and we were demanded to give money.”Brazilian authorities reported a different story. They said the American swimmers actually vandalized a gas station and then got into an altercation with security guards there. Since the news broke, Lochte has changed his tune, but the damage has already been done. Not only is he guilty of lying about what happened, he is also guilty of offending an entire country as it proudly hosted the Summer Olympics.The Olympian was contrite about his erroneous original account in an interview that aired Saturday on NBC. Asked why he would make up the dramatic detail, Lochte told Matt Lauer: “I don’t know why.” He added it was hours after the incident occurred and he was still intoxicated. “I’m not making me being intoxicated like an excuse, I’m not doing that at all,” Lochte said. “It was my fault and I shouldn’t have said it. That’s why I’m taking full responsibility for it, because I overexaggerated that story. And if I’d never done that, we wouldn’t be in this mess. … None of this would have happened, and it was my immature behavior.”Related: The Most Inspirational Moments From the 2016 Olympics — So FarImmature behavior, indeed. Boys will be boys, but Lochte, 32, should have known better. He said he accepted responsibility for his behavior and had “learned some valuable lessons.”He went on to say that he did not ask his teammates to corroborate his story, and apologized “110 percent” to “the gas station owner, to Brazilian police, to the people of Rio and Brazil, everyone that came together to put on these wonderful games.”I just want to say I am truly, 110 percent sorry.”But apparently his apology isn’t enough to wipe the slate clean. Will the International Olympic Committee and the people of Brazil forgive and forget? Only time will tell. Until then, the IOC has set up a disciplinary commission to investigate Lochte and the three other US swimmers involved in this altercation. The commission will determine what punishment the swimmers will face.One thing is for sure. This incident will have a impact on Lochte’s career for years to come. Lochte said that he hopes to continue his Olympic swimming career, if officials allow it.”If they give me that chance I definitely know I can turn this around and become that role model for little kids,” Lochte said. “I don’t want little kids to look at me for what I just did, for that one night. I don’t want that.”Perhaps if Lochte had taken some etiquette classes when he was a little kid, this whole debacle could have been avoided. At the very least, he might have learned to tell the truth. Additionally, he might have learned about civility and respect and how his behavior affects others – especially an entire country. The only list that measures privately-held company performance across multiple dimensions—not just revenue. August 23, 2016last_img read more

Taiwan to Ask for Removal of Uber Apps from Apple and Google

first_img Free Webinar | July 31: Secrets to Running a Successful Family Business Uber It entered the Taiwan market in 2013, and its growing popularity has triggered anger from domestic taxi drivers, who staged a massive protest against Uber earlier this year. Image credit: Shutterstock | Enhanced by Entrepreneur This story originally appeared on Reuters Learn how to successfully navigate family business dynamics and build businesses that excel. Add to Queue Reuters November 16, 2016 Taiwan to Ask for Removal of Uber Apps from Apple and Google App Stores Register Now » Taiwan plans to ask Apple Inc. and Alphabet Inc.’s Google to pull apps of Uber Technologies available in Taiwan on their app stores, a government official said, upping pressure on the ride-hailing firm that is locked in a dispute with the island.Uber operates in Taiwan as an internet-based technology platform rather than a transportation company, which Taiwanese authorities have said is a mis-representation of its service and has ordered it to pay back taxes.However, Uber has said it is communicating with Taiwan authorities and complies with local regulations.  “Uber has not done what it says it will do, so we are looking at another way by requesting its apps be removed from Apple and Google (app stores),” Liang Guo-guo, a spokesman for Taiwan’s Directorate General of Highways, which is handling the matter, told Reuters by phone on Wednesday.Liang said the request would include the removal of UberEATS app, which Uber launched in Taiwan on Tuesday as part of its effort to expand beyond its core taxi-hailing business around the world.It is unclear if the move would succeed in hampering Uber in Taiwan as removing the app would not prevent alternative ways to download it. It is also not clear how apps that have already been downloaded by users will be dealt with.Uber and Apple did not immediately respond with comments.A Google spokesperson pointed to policies on Google Play, its app store, which indicate that the company does not allow apps that facilitate or promote illegal activities, but declined to comment further.Taiwan transport authorities have begun penalizing UberEATS by fining motorcyclists who deliver the takeaways and suspending vehicle licenses for two to six months, the Ministry of Transportation and Communications said in a statement issued on Tuesday.Uber has been facing similar legal scrutiny in markets across Asia. It entered the Taiwan market in 2013, and its growing popularity has triggered anger from domestic taxi drivers, who staged a massive protest against Uber earlier this year.(Reporting by J.R. Wu; Editing by Muralikumar Anantharaman) Next Article –shares 2 min readlast_img read more

Influenza virus can evolve resistance to experimental antiviral drug

first_imgReviewed by James Ives, M.Psych. (Editor)Oct 25 2018The influenza virus can evolve resistance to an anti-flu drug currently in development for use in pandemics but only if there are multiple genetic mutations, a study has found.Scientists at Imperial College London, in collaboration with Public Health England, have discovered that two genetic mutations would be needed for the virus to develop resistance to favipiravir, an experimental antiviral developed in Japan.Favipiravir is not currently licensed in the UK for the treatment of flu but has shown to be effective in clinical trials to date and has the potential to be used in the event of a flu pandemic where other drugs, such as Tamiflu, might fail.The researchers caution that the influenza virus has only so far been shown to develop resistance to the drug in laboratory studies, and it is unclear if the same would happen in a pandemic. However, their findings highlight a mechanism by which influenza and other viruses could potentially overcome such drugs used in the event of an outbreak and so should be closely monitored.It was previously thought that the influenza virus was unable to overcome favipiravir, with laboratory, animal and clinical studies showing little evidence of resistance. However, the latest findings, published this week in the journal PNAS, are the first to show that influenza could develop resistance to the drug.Professor Wendy Barclay, from the Department of Medicine and Action Medical Research Chair in Virology at Imperial, who led the research, said: “We’re alerting the world to the fact that RNA viruses, like influenza, can readily adapt to their environment and evolve, and that while favipiravir could be a potentially important drug in a pandemic situation, resistance can emerge.”Favipiravir acts by targeting an enzyme called RNA polymerase used by influenza to copy its genetic material. Clinical trials have shown the drug to be effective in treating flu in humans and it has also been tested against other RNA viruses, like ebola and chikungunya, which rely on the same type of enzyme to replicate, showing promise in pre-clinical trials.In the latest study, Professor Barclay and colleagues from the NIHR Health Protection Research Unit in Respiratory Infections at Imperial explored how influenza might potentially evolve to counter the drug.Related StoriesStudy finds lower risk of Type 1 diabetes in children vaccinated against ‘stomach flu’ virus‘Stomach flu’ vaccine prevents type 1 diabetes in childrenVirus employs powerful strategy to inhibit natural killer cell functionWhen influenza was grown in the presence of favipiravir in cell cultures, the virus was able to evolve, uncovering a combination of two key mutations that enabled it to become resistant to the antiviral.The first of the mutations caused a change in the RNA polymerase enzyme itself, blocking the drug’s effect, but it came at a cost for the virus and affected its ability to reproduce.However, this loss of fitness was countered by the second mutation, which restored the virus’s ability to thrive and spread.According to the researchers, it is unclear whether this combination of mutations could occur readily in viruses in the wild, but their findings are the first to show a clear genetic mechanism by which resistance to the drug could potentially come about in influenza strains around the world.They add that while their work focused on flu, other research groups have reported the same mutation in chikungunya – another RNA virus which uses the same enzyme to replicate – suggesting that there may be a general mechanism by which other RNA viruses could become resistant to the drug.”Favipiravir is still an important drug and should be in the pipeline to be used in the event we need it, but we now know that viruses can develop resistance to it,” explained Professor Barclay. “We need to look out for these mutations and monitor for them, particularly if we are using this drug in outbreak situations and in patients that might have prolonged disease, as those are conditions where you might see resistance emerging.”Dr Maria Zambon, from Public Health England, said: “We have shown that resistance can emerge to this antiviral, which has not been shown previously and we need to factor this in to our pandemic preparedness. However, pandemic planning is multifaceted and includes vaccines, antivirals and good hygiene messaging.”Professor Barclay added: “This research is a great illustration of the success of NIHR Health Protection Research Units. Not only do the findings contribute to the scientific knowledge base, they also make an important contribution to our public health knowledge about how we use these drugs and the importance of surveillance to spot the emergence of such mutations.” Source:http://www3.imperial.ac.uk/last_img read more

Stop worrying about how much energy bitcoin uses

first_imgThe word “bitcoin” is as likely to garnish feverish excitement as it is glaring criticism. The financial community sees speculative promise in the form of trade that currently has little to no regulation. Meanwhile, others argue that it’s a distraction that detracts from the overall longevity of U.S. financial institutions. Credit: CC0 Public Domain This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Provided by The Conversation Indeed, this is a lot, but not exorbitant. Banking consumes an estimated 100 terrawatts of power annually. If bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2 percent of all energy consumption. Power sourcesBitcoin is certainly consuming an increasing amount of power worldwide, but is it increasing the world’s carbon consumption? Bitcoin miners have traditionally set up shop in China, where coal supplies 60 percent of the nation’s electricity. Now, bitcoin mining is exploding in areas with cheap power, like the Pacific Northwest. Power there is mainly cheap due to the massive availability of hydropower, a low-carbon resource. Bitcoin mining in China, with a largely fossil-based electricity source, may indeed be problematic. China is already one of the world’s major contributors of carbon emissions. However, bitcoin mining in Oregon? Not the same thing. Not all types of energy generation are equal in their impact on the environment, nor does the world uniformly rely on the same types of generation across states and markets. In Europe, for example, Iceland is becoming a popular place for bitcoin mining. That nation relies on nearly 100 percent renewable energy for its production. An abundant supply of geothermal and hydropower energy makes bitcoiners’ power demand cheap and nearly irrelevant.Similarly, in the hydropower-driven Pacific Northwest, miners can still expect to turn a profit without contributing heavily to carbon emissions. The right discussionLike many other aspects of the energy industry, bitcoin is not necessarily a “bad guy.” It’s simply a new, and vaguely understood, industry. The discussion about energy consumption and bitcoin is, I believe, unfair without discussing the energy intensity of new technologies overall, specifically in data centers. Rather than discussing the energy consumption of bitcoin generally, people should be discussing the carbon production of bitcoin, and understanding whether certain mining towns are adding to an already large environmental burden. Although there has been extensive discussion in the media of bitcoin’s energy consumption, I’m not aware of any studies that actually calculate the comparative carbon footprint of the bitcoin process. Global electricity consumption is going up overall. The U.S. Energy Information Administration predicts that world use will increase nearly 28 percent over the next two decades. But increasing energy consumption is bad only if we aren’t shifting toward less carbon-dense power production. So far, it seems that only miners are currently shifting toward cleaner parts of the world. So perhaps people should quit criticizing bitcoin for its energy intensity and start criticizing states and nations for still providing new industries with dirty power supplies instead. Spotlight glare on Bitcoin as numbers show mining’s energy usecenter_img Explore further Bitcoin’s energy consumption has become a recent talking point in the debate. A Forbes article published May 30 indicates that bitcoin dramatically increases global energy consumption – and that electricity is its “Achilles heel.” I am a researcher who studies clean energy technology, specifically the transition toward decarbonized energy systems. I think that the conversation around bitcoin and energy has been oversimplified. New technologies – such as data centers, computers and before them trains, planes and automobiles – are often energy-intensive. Over time, all of these have become more efficient, a natural progression of any technology: Saving energy equates to saving costs. By talking specifically about just the consumption of energy alone, I believe many fail to understand one of the most basic benefits of renewable energy systems. Electricity production can increase while still maintaining a minimal impact on the environment. Rather than focusing on how much energy bitcoin uses, the discussion should center around who indeed is producing it – and where their power comes from. Counting consumptionUnlocking a bitcoin requires an intense amount of computational power. Think of bitcoin as sort of a hidden currency code, where its value is derived by solving a programmable puzzle. Getting through this puzzle requires computer brainpower. Electricity is 90 percent of the cost to mine bitcoin. As such, bitcoin mining uses an exorbitant amount of power: somewhere between an estimated 30 terrawatt hours alone in 2017 alone. That’s as much electricity as it takes to power the entire nation of Ireland in one year. Citation: Stop worrying about how much energy bitcoin uses (2018, August 20) retrieved 18 July 2019 from https://phys.org/news/2018-08-energy-bitcoin.html This article was originally published on The Conversation. Read the original article.last_img read more

Malaysias IPI advances 4 in May

first_img Related News Tags / Keywords: Economy Business News 11 Jun 2019 April industrial output exceeds forecast Economy 12 Jun 2019 April industrial output expands at faster pace Economy 10 May 2019 March industrial production index exceeds forecastcenter_img {{category}} {{time}} {{title}} Related News KUALA LUMPUR: Malaysia’s industrial production index in May rose 4% year-on-year which was above the Bloomberg survey of 3.5%, underpinned by electricity, manufacturing and mining. The Statistics Department said in a statement yesterday the growth was driven by the increase in all indices: electricity (5.7%), manufacturing (4.2%) and Mining (3.0%).“The manufacturing sector output rose by 4.2% in May 2019 as compared to May 2018 after recording a growth of 4.3% in April 2019,” it said. The department said major sub-sectors contributing to the increase in May 2019 were transport equipment and other manufactures products (6.9%), electrical and electronics products (3.7%) and petroleum, chemical, rubber and plastic products (3.2%).It said the output of mining sector increased by 3% from a year ago, which is the highest growth since September 2017.It pointed out the growth was contributed by the natural gas index expanded by 7.6% while the crude oil index fell by 2%. As for the electricity sector, its output increased by 5.7% in May 2019 from a year ago.last_img read more