Nowitzki Announces Retirement After Final Home Game for Mavs (Vid)

first_imgDALLAS — Dirk Nowitzki notched season highs in points, shots and minutes before telling Dallas Mavericks fans that his record 21st season with the same franchise would be his last.Then the 40-year-old said he gave just about all he had in what he knew would be his final home game , which might make the last game of his career at San Antonio on Wednesday night little more than a curtain call. It’s a fitting finale in some regards because the Spurs were probably Nowitzki’s biggest rivals.“I’m going to try to play a little bit tomorrow and still enjoy and hoist a few jumpers,” said Nowitzki, who had 30 points on 31 shots in 33 minutes in a 120-109 win over Phoenix. “Tonight for me, of course, was the big night. One more time in front of these amazing fans that have supported me and pushed me over two decades.”The 14-time All-Star said the Mavericks bought more than 300 tickets in order for employees to attend what everyone now knows will be his final game. And the most accomplished European player in NBA history is merely playing out the string again in a third straight season without the playoffs, the longest drought of Nowitzki’s career.But on Nowitzki’s special night, nobody was thinking about the Mavericks never winning another playoff series with the best player in franchise history after he led them to their only championship in 2011.Not any of the former NBA stars who made the trip. Larry Bird, Charles Barkley, Scottie Pippen, Shawn Kemp and countryman Detlef Schrempf took the court Tuesday night and gave brief speeches in honor of the player who was shown in an old video listing each of them as among those he idolized growing up in Germany.And certainly not coach Rick Carlisle or owner Mark Cuban, who promised Nowitzki a job for life, a jersey retirement and a statue. Plus, the win over the Suns did allow the Mavericks to avoid a second straight 50-loss season.“I was so happy for Dirk,” Carlisle said. “The only thing he’s ever cared about is bringing this fan base success, and helping these fans experience success, and ultimate success. This wasn’t a winning season, but it was triumphant in many ways because of the respect and all of attention Dirk got for 21 years being with the same franchise.”Nowitzki said he had broken down emotionally a few times in private since deciding in recent days that it was time to retire, including on the day of his final home game with his wife, Jessica Nowitzki, after putting on the suit he wore to the arena.But the league’s 2007 MVP and 2011 NBA Finals MVP also knew how difficult the past two seasons had been physically, including missing the first 26 games of his final campaign after a longer-than-expected recovery from ankle surgery last April. Nowitzki was experiencing flare-ups in his feet and ankles late this season.“It takes a lot at 40 to get ready every night and then with the foot pain,” Nowitzki said. “It just took a little bit of the fun away from the sport I love. I think that actually made the decision easier for me.”The highest-scoring foreign-born player in NBA history has 31,540 points with a game left. Nowitzki eclipsed 10,000 defensive rebounds late this season — and fans who went wild nearly every time he hit a shot even cheered those moments.The only 7-footer to win the All-Star 3-point shooting contest was the first player of his size to be a legitimate threat behind the arc. All of the game’s biggest stars say that dimension changed the game, and many of them emulated his signature one-legged fadeaway jumper — the shot he used on his final bucket at home late in the fourth quarter.“You want to leave the game in a better place than you got it, and you’ve done that,” Kemp said during the postgame ceremony. “Not only did you bring a championship to Dallas, you are a champion.”With one more game before his final goodbye.”This was my last home game.”Dirk Nowitzki teared up officially announcing his retirement ? pic.twitter.com/olv6dhjqiR— SportsCenter (@SportsCenter) April 10, 2019TweetPinShare0 Shareslast_img read more


10 months agoDONE DEAL: Leganes goalkeeper Jon Ander Serantes confirms Avispa Fukuoka move

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say DONE DEAL: Leganes goalkeeper Jon Ander Serantes confirms Avispa Fukuoka moveby Carlos Volcano10 months agoSend to a friendShare the loveLeganes goalkeeper Jon Ander Serantes is leaving for Japan.Serantes has announced his move to Avispa Fukuoka on social media.He will sign for the J-League club tomorrow.pic.twitter.com/714QxafVi9— Jon Ander Serantes (@JASerantes) December 30, 2018 last_img


24 days ago​Jones expecting imminent decision on Stoke future

first_imgAbout the authorFreddie TaylorShare the loveHave your say ​Jones expecting imminent decision on Stoke futureby Freddie Taylor24 days agoSend to a friendShare the loveNathan Jones expects Stoke City to clarify his position imminently.The club have two points from nine games and los 3-2 to Nottingham Forest on Friday night.Jones has been at the club since January but has been unable to turn around their fortunes.He said to reporters about his position: “If results don’t improve, I fully expect a decision to be made on my future. I fully expect it and I have no argument about it, absolutely not.”If I’m honest, if this wasn’t such the club that it was, and has the owners it has, I would’ve been gone a while ago because my results haven’t been good enough and I know that.”I’m under no illusions, just as I knew in my previous job I was not untouchable, but, I was in a very secure position because my win rate was 55 per cent and we’d been promoted and we’d changed everything about it.”We’ve changed a lot here but we haven’t got results and that’s the be-all and end-all. So trust me, I fully expect if I don’t get results in the next few games that a decision will be made on my future.” last_img read more


One person airlifted after UTV accident near Chetwynd

first_imgAt this point, Wheeler said that their identities have not been released, and it’s also not clear what caused the two to be ejected from the side-by-side. CHETWYND, B.C. – Search and Rescue crews in Chetwynd had a busy start to the long weekend after a pair of side-by-side riders needed to be rescued east of Chetwynd.Chetwynd Search and Rescue Manager Don Wheeler said that crews were called out to assist the BC Ambulance Service in rescuing a man and woman who had been ejected while riding in a UTV at around 5:50 p.m. on Saturday. Wheeler said that the pair had been riding along a new pipeline right-of-way north of Sundance Lakes Regional Park, around 18 kilometres east of Chetwynd on Highway 97.Wheeler explained that Search and Rescue crews were called to assist in rescuing the two, who were not reachable by paramedics. One person suffered serious injuries and needed to be airlifted via helicopter, while the other was transported via ambulance with non-life threatening injuries.last_img read more


Commentary Ohio State coach Luke Fickell needs to give Jaamal Berry the

It’s time for Jaamal Berry to leave the Ohio State football program. Not for a couple days, games, or weeks. He needs to go. Permanently. After being charged for assault, battery and disorderly conduct Wednesday, based on an Oct. 21 incident in Columbus, Berry was suspended from the team. But head coach Luke Fickell needs to set a precedent for the post-Jim Tressel era of football at OSU and kick Berry off the team. This isn’t Berry’s first run-in with the law. He was allegedly involved in another assault as recently as Sept. 28 and was arrested for marijuana possession before even enrolling at OSU. The bottom line is he can’t stay out of trouble. I’m all for second chances. Young adults are going to make mistakes, but at some point somebody needs to draw the line. And the line at OSU should be a little stricter than at other schools because of everything the program has been through. With Tat-gate and all the ensuing insanity it caused for the program, OSU has had enough negative headlines for a lifetime. Berry and any other distractions just add fuel to the already negative image OSU has attached itself to. OSU has always portrayed itself as a program of integrity. Ever since Woody Hayes, OSU football was at least perceived as a program that won and won the right way. The mentality has been a core facet in OSU’s success ever since. It brought in talented recruits and created a product people wanted to cheer for. Tressel carried on the image, but with his tumultuous exit, that image was destroyed. Now the program is in a transition period. It’s up to Fickell to rebuild the image and restore the luster of the program. By kicking Berry off the team, Fickell takes the first step in the rebuilding process. He tells the rest of the college football world that OSU will not stand for bad behavior and actions that embarrass the program and compromise what it represents. But more important than telling everyone else, Fickell would be sending a message to his team. The sturdiest structures are solid at their foundation and the foundation of a football team will always be the football players. If Fickell can send a message to the most fundamental level of the program, the larger and more complicated matters will take care of themselves. I’m sure it’s difficult to look a kid in the eye and tell him he’s no longer wanted. You’re about to change the player’s entire life, but playing football for the Buckeyes is a privilege. It sounds cliché, but there are hundreds of other athletes who would love the opportunity to run out of the scarlet tunnel into Ohio Stadium on a fall Saturday afternoon. If someone compromises their opportunity, not just once, but multiple times, that player obviously doesn’t value it and should be dismissed. Suspending Berry from the team was a good first step and makes sense legally, but Fickell needs to finish the job and show Berry out. read more


4th Of July Parade Will Close Spur Hwy

first_imgThe route for the parade starts down Fidalgo Ave, left on Willow Street, right on the Kenai Spur Hwy, and then a right on Main Street Loop. Kenai Chamber of Commerce President Johna Beech says the parade lineup will be from 8-10 a.m., on Trading Bay Road with the parade itself starting at 11 a.m. Beech: “Be mindful that we will be closing down the Spur Hwy from 11-12:30pm for the Parade. KPD does a great job of  rerouting traffic, but if you are in a hurry that’s not the day to be in a hurry. I can’t believe we are almost here, but it looks like it’s going to be another great 4th of July.”  Facebook0TwitterEmailPrintFriendly分享Kenai’s annual Fourth of July Parade will close the Kenai Spur Highway for close to two hours on Wednesday. The midway festivities are from noon to 4 p.m., with various vendors, a beer garden sponsored by Kassiks Brewery, and a kids carnival.last_img read more


House Schedules Final Vote On Capital Budget

first_imgFacebook0TwitterEmailPrintFriendly分享The Alaska House of Representatives on Monday will hold a third and final vote on legislation funding the capital budget. The vote on Senate Bill 2002 is scheduled to occur two days before a key July 31 deadline and comes after two prior votes fell short of achieving the needed three-quarter supermajority. A vote earlier this week fell just one shy of the needed 30-member support. The House is only allowed to vote on the bill three times. Edgmon: “Now is the time to act and prove that Alaska is truly open for business. This capital budget provides our private sector the resources needed to build our state, gives an incentive to keep our most qualified students from pursuing opportunities outside, and equalizes power costs so individuals and small businesses can survive whether they operate in large urban centers or rural communities.” House Speaker Bryce Edgmon (I-Dillingham) on Thursday announced the planned vote to rescind previous action on S.B. 2002 in order to get the thirtieth vote. This motion is the final opportunity for the capital budget to pass the Legislature and to then be transmitted to the governor.last_img read more


Is Hollywoods Love Affair with Journalism Over

first_imgWill young people gravitate to a business defined by bankruptcy, decline—and, likely, fewer films about it?Moviesover time have usually depicted the magazine and newspaper industrieswith a touch of glamour, power or idealism. For some recent examples,think “In Good Company,” “13 Going on 30” and “The Devil Wears Prada.”Then there’s the greatest movie of all time, “Citizen Kane,” and themovie that launched 10,000 careers, “All the President’s Men.”Yes,there’s the occasional “Absence of Malice,” about journalistic abuse ofpower, or “American Beauty,” where the troubled Kevin Spacey characteris a trade magazine editor. But generally these industries and thejournalism profession get positive treatment. And that reflects the popular culture.  The professions that make up our business have historically been appealing.AndHollywood’s love affair with journalism has for decades helped feedtalented people into the business. Smart, ambitious editors andsalespeople wanted to be the top editor at Newsweek, or the New Yorker,or Ad Age. They wanted to be the writer in “Almost Famous,” or evenlike Mr. Big in “Sex and the City.”But is it true now? Inthe last 10 days alone, this page has covered the plummeting profitmargins of publicly traded magazine companies. It has covered thestaggering decline in fourth-quarter ad sales in b-to-b media. It hascovered the cancellation or dramatic downsizing of two events,including the crown jewel of the glitzy, mass-consumer part of thebusiness, the American Magazine Conference. On the newspaperside, the Rocky Mountain News went out of business today after 150years of publishing. Newspapers in Philadelphia filed for bankruptcy. Apaper in Seattle is teetering.Newspapers everywhere are not just troubled, but nearing oblivion.Sowhat’s the appeal of this business for the high school kid just headinginto college? Who the hell wants to get into an industry perceived asin decline? And if we can’t attract talented people, what are theimplications of that? My take? The image of a profession inpop culture has a huge effect on whether young people choose to pursuea career in it. That means print media is in trouble.Maybe they’ll make a movie about it.[image: IMDB]last_img read more


Asia dips as China stocks deepen losses dollar down after Fed

first_imgAsian stocks were mostly lower on Thursday as Chinese equities deepened their losses, souring risk sentiment that had improved earlier after the Federal Reserve provided a positive assessment of the U.S. economy.Spreadbetters forecast a slightly lower open for Britain’s FTSE, Germany’s DAX and France’s CAC.The dollar fell as some in the currency market had hoped the Fed would give a clearer indication that it could raise rates before end-2016.South Korea’s Kospi and Hong Kong’s Hang Seng both shed 0.4 percent.MSCI’s broadest index of Asia-Pacific shares outside Japan, which briefly climbed to its highest level since August 2015, clung to gains and was last up 0.1 percent.Shanghai fell 0.6 percent after shedding 1.9 percent the previous day.News that Chinese regulators are planning a tough clampdown on wealth management products to curb risks to the banking system had weighed heavily on Chinese stocks, with investors still wading through the details.Japan’s Nikkei declined more than 1 percent, undermined by a stronger yen and nerves before the Bank of Japan’s monetary policy decision on Friday.With the Fed meeting over, the spotlight fell on the BOJ, under mounting pressure to ease monetary policy and keep abreast of the Japanese government’s large fiscal stimulus plan.”The best-case scenario for the market is that the BOJ decides to increase government debt purchases without cutting interest rates further into negative territory,” said Hikaru Sato, a senior technical analyst at Daiwa Securities in Tokyo.”But the BOJ can’t save face if it does not cut rates into negative territory after it introduced the negative interest rate policy (in January), so we need to brace for such possibility, too.”Wall Street shares ended little changed overnight following the Fed’s policy decision to leave interest rates unchanged.The Fed did say, however, that near-term risks to the U.S. economic outlook had diminished, opening the door for a potential near-term hike in the eyes of many.But the Fed also noted that inflation expectations were on balance little changed in recent months, and gave no firm indication of whether it would raise rates at its next policy meeting in September.”While a number of investment banks have increased their internal probability models for a September hike, the interest rate markets have gone the other way and priced out the prospect. The reverberations of this re-pricing can be seen in weakness in the USD and a bold rally in gold,” wrote Chris Weston, chief market strategist at IG in Melbourne.The Fed’s latest policy statement steered traders to favor longer-dated U.S. Treasuries over shorter-dated issues, pushing the yields on 10-year notes and 30-year bonds to 1-1/2-week lows as prices rose. Spot gold hovered near a two-week high of $1,342.18 an ounce touched overnight when it gained 1.4 percent. Higher interest rates tend to diminish the appeal of non-yielding gold.The dollar index slipped to a nine-day low of 96.545, pulling back sharply from a 4-1/2-month high of 97.569 scaled early in the week.The euro, which gained 0.7 percent overnight, edged up to a nine-day high of $1.1077.The dollar was down 0.6 percent at 104.75 yen, with caution over potential monetary easing by the BOJ limiting the greenback’s losses.Against the broadly weaker U.S. currency, the Australian dollar was up 0.4 percent at $0.7524.U.S. crude CLc1 rose 0.2 percent to $42.02 a barrel on bargain hunting after sliding to a three-month low of $41.68 on Wednesday after news U.S. crude and gasoline stocks had surged. Brent crude LCOc1 gained 0.2 percent to $43.55 a barrel.last_img read more


Heres why NIA court sentenced fake Jet hijacker Birju Salla to life

first_imgSalla had done all this in the name of love and over affection. A married Salla allegedly had an affair with a woman working with Jet Airways and had married her three months before he planted the threat letter. He wanted her to stay with him and take care of his ailing father which made him take this extreme step. He reportedly planted the letter since he wanted the woman to quit her job with the airline.It is reported that the threat letter was filed from Salla’s office in Mumbai. He typed the letter and translated it into Urdu with the help of Google to make it seem like a potential terror threat. He planted it in the tissue holder inside the lavatory of the aircraft’s business class section, which was later found by a crew member.”Flight No. 9W339 is covered by hijackers and aircraft should not be land and flown straight to POK. 12 people on board. If you put landing gear you will hear the noise of people dying. Don’t’ take it as a joke. Cargo area contains explosives land Delhi. Allah is great,” read the threat letter made by Salla.A B.Com graduate from Mumbai’s Sydenham College of Commerce and Economics in Churchgate, Salla had ventured into several businesses including gold and construction after separating from his father’s business in 2006.Salla was arrested by Ahmedabad’s Detection of Crime Branch (DCB) and the case was transferred to the NIA. Birju Kishor SallatwitterA 38-year-old Mumbai-based businessman has become the first person in India to be convicted under the Anti-Hijacking Act, 2016. Birju Kishor Salla has been sentenced to life in prison and fined Rs 5 crore by a special court of the National Investigation Agency (NIA).Salla was found guilty of placing a hijacking note in the washroom of a Mumbai-New Delhi Jet Airways flight in October 2017.The money from the fine will be distributed among the pilots, crew and passengers of the flight. The pilots will get Rs 1 lakh each, the cabin crew members will be given Rs 50,000 and each of the passengers will be given Rs 25,000.Punishment under Anti-Hijacking Act, 2016:(a) with death where such offence results in the death of a hostage or of a security personnel or of any person not involved in the offence, as a direct consequence of the office of hijacking; or (b) with imprisonment for life which shall mean imprisonment for the remainder of that person’s natural life and with fine, and the movable and immovable property of such person shall also be liable to be confiscated.The rules are in line with the Hague Convention of 1971 and the Beijing Protocol of 2010 of the UN body International Civil Aviation Organisation (ICAO). The incident took place on October 30, 2017, when captain Jay Jariwala and co-pilot Ashutosh Newase were informed about the threat letter on board Jet Airways flight 9W-339. They had to make an emergency landing at Ahmedabad without informing the passengers. The threat later turned out to be a hoax.The NIA had filed the chargesheet under sections 3(1), 3(2)(a) and 4(b) of Anti-Hijacking Act, 2016, which stated that Salla had intentionally planted the threat letter to disrupt the airline operations. Planting of the threat note amounted to credible threat to commit the offence of hijacking.”There are only two kinds of punishment under the new anti-hijacking law — life imprisonment until death, or a death sentence. If a hostage is killed, the punishment is death. In lesser circumstances the sentence is life. So the judge had only these two options,” Salla’s lawyer Rohit Verma told The Times of India.last_img read more


Trumps Jerusalem move sparks stormy world reaction

first_imgReactions from selected world leaders to US President Donald Trumps’ plans for Jerusalem. AFPDonald Trump’s decision Wednesday to recognise Jerusalem as Israel’s capital has drawn sharp criticism, with the significant exception of Israel.Here are key reactions from around the world:Israel salutes ‘historic’ dayIsraeli Prime Minister Benjamin Netanyahu hailed Trump’s recognition as “historic” and a “courageous and just decision”.Netanyahu also pledged no change to the status quo at Jerusalem’s highly sensitive holy sites in the city, sacred to Jews, Christians and Muslims.‘Undermining peace’Palestinian president Mahmud Abbas said the US could no longer play the role of peace broker after Trump’s decision.“These deplorable and unacceptable measures deliberately undermine all peace efforts,” Abbas said in a speech.‘Destroys two-state solution’The secretary-general of the Palestine Liberation Organisation said Trump had destroyed any hopes for a two-state solution to the Israeli-Palestinian conflict.“He destroyed the two-state solution,” Saeb Erekat, who long served as the Palestinians’ top negotiator, told journalists.‘Open gates of hell’Hamas said Trump’s decision would “open the gates of hell” on US interests in the region.“This decision will open the gates of hell on US interests in the region,” Ismail Radwan, an official with the Palestinian Islamist movement that runs the Gaza Strip, told journalists.‘Unjustified and irresponsible’Saudi Arabia slammed Trump’s move as “unjustified and irresponsible” and said the decision goes against the “historical and permanent rights of the Palestinian people”.“The kingdom has already warned of the serious consequences of such an unjustified and irresponsible move,” said a Saudi royal court statement carried by the official Saudi Press Agency.‘New intifada’Iran condemned the US move, saying it threatened a “new intifada”, or uprising, against Israel.“The provocative and unwise decision by the US… will provoke Muslims and inflame a new intifada and an escalation of radical, angry and violent behaviour,” the foreign ministry said on its website.UN against ‘unilateral measures’UN Secretary-General Antonio Guterres implicitly criticised Trump’s announcement, warning that Jerusalem’s status must be resolved through direct Israeli-Palestinian negotiations.“From day one as secretary general of the United Nations, I have consistently spoken out against any unilateral measures that would jeopardise the prospect of peace for Israelis and Palestinians,” Guterres said.‘Palestinian cause’The office of Syrian President Bashar al-Assad dismissed Trump’s move, saying in a statement it would not dim the “Palestinian cause”.“The future of Jerusalem is not set by a state or a president, but by its history, will, and the determination of those loyal to the Palestinian cause which will stay alive in the conscience of the Arab homeland until the establishment of a Palestinian state with Jerusalem as its capital,” it said.‘Rejected by Arab world’Lebanon’s Prime Minister Saad Hariri vowed his country’s “highest degrees of solidarity with the Palestinian people and its right to establish an independent state with Jerusalem as its capital”.“The American decision to recognise Jerusalem as the capital of Israel and to move the embassy there is a step that is rejected by the Arab world and risks spilling dangers over into the region,” he said.‘Violation of international law’Jordan condemned Trump’s recognition of Jerusalem as amounting to a violation of international law and the UN charter.“The decision of the American president to recognise Jerusalem as Israel’s capital and the transfer of the US embassy to this city constitutes a violation of decisions of international law and the United Nations charter,” said government spokesman Mohammed Momani.‘Irresponsible, illegal’Turkey slammed Trump’s Jerusalem announcement.“We condemn the irresponsible statement of the US administration… the decision is against international law and relevant UN resolutions,” Turkish Foreign Minister Mevlut Cavusoglu wrote on Twitter.‘Unhelpful for peace’Prime Minister Theresa May said the British government disagreed with Trump’s decision, saying it was “unhelpful” for peace efforts.“We disagree with the US decision to move its embassy to Jerusalem and recognise Jerusalem as the Israeli capital,” she said in a statement. “We believe it is unhelpful in terms of prospects for peace in the region”.‘Avoid violence’French President Emmanuel Macron branded Trump’s stance as “regrettable” and called for efforts to “avoid violence at all costs”.Macron affirmed “the attachment of France and Europe to the two-state solution, Israel and Palestine living side by side in peace and security within internationally recognised borders, with Jerusalem as the capital of the two states.”Merkel ‘does not support’German Chancellor Angela Merkel said through her spokesman that she “does not support” Trump’s reversal of decades of US policy.“The status of Jerusalem can only be negotiated within the framework of a two-state solution,” spokesman Steffen Seibert wrote on Twitter.‘Serious concern’The European Union’s chief diplomat Federica Mogherini voiced “serious concern” at Trump’s new stance on Jerusalem.“The aspirations of both parties must be fulfilled and a way must be found through negotiations to resolve the status of Jerusalem as the future capital of both states,” Mogherini said, referring to Israelis and Palestinians.last_img read more


UN human rights chief toughens warning of genocide in Myanmar

first_imgThe top UN human rights official has said he would not be surprised if a court one day ruled that acts of genocide had been committed against the Rohingya Muslim minority in Myanmar, according to a television interview to be shown on Monday.UN High Commissioner for Human Rights Zeid Ra’ad al-Hussein told the BBC that attacks on the Rohingya had been “well thought out and planned” and he had asked Myanmar’s leader Aung San Suu Kyi to do more to stop the military action.Zeid has already called the campaign “a textbook example of ethnic cleansing” and asked rhetorically if anyone could rule out “elements of genocide”, but his latest remarks put the case plainly, toughening his stance.“The elements suggest you cannot rule out the possibility that acts of genocide have been committed,” he said, according to excerpts of his interview provided in advance by the BBC.“It’s very hard to establish because the thresholds are high,” he said. “But it wouldn’t surprise me in the future if the court were to make such a finding on the basis of what we see.”Myanmar denies committing atrocities against the Rohingya and has previously rejected UN criticism for its “politicisation and partiality”. The Myanmar military says the crackdown is a legitimate counter-insurgency operation.Zeid said Myanmar’s “flippant” response to the serious concerns of the international community made him fear the current crisis “could just be the opening phases of something much worse”.He told the BBC he feared jihadi groups could form in the huge refugee camps in Bangladesh and even launch attacks in Myanmar, perhaps targeting Buddhist temples there.He did not say, in the excerpts provided, which court could prosecute suspected atrocities. Myanmar is not a member of the International Criminal Court, so referral to that court could be done only by the UN Security Council. But Myanmar’s ally China could veto such a referral.The United Nations defines genocide as acts meant to destroy a national, ethnic, racial or religious group in whole or in part. Such a designation is rare under international law, but has been used in contexts including Bosnia, Sudan and an Islamic State campaign against the Yazidi communities in Iraq and Syria.Almost 870,000 Rohingya have fled to Bangladesh, including about 660,000 who arrived after 25 Aug, when Rohingya militants attacked security posts and the Myanmar army launched a counter-offensive.UN investigators have heard Rohingya testimony of a “consistent, methodical pattern of killings, torture, rape and arson”.Zeid said he had phoned Suu Kyi in January, asking her in vain to stop the the military operation.Nobel peace laureate Suu Kyi’s less than two-year old civilian government has faced heavy international criticism for its response to the crisis, though it has no control over the generals it has to share power with under Myanmar’s transition after decades of military rule.last_img read more


Sessions Pushes To Speed Up Immigration Courts Deportations

first_img Share Manuel Balce Ceneta/APAttorney General Jeff Sessions at a roundtable meeting on sanctuary cities hosted by President Trump earlier this monthThe Trump administration has been trying to ramp up deportations of immigrants in the country illegally. But one thing has been standing in its way: Immigration judges often put these cases on hold.Now Attorney General Jeff Sessions is considering overruling the judges.One practice that is particularly infuriating to Sessions and other immigration hard-liners is called administrative closure. It allows judges to put deportation proceedings on hold indefinitely.“Basically they have legalized the person who was coming to court, because they were illegally in the country,” Sessions said during a speech in December.Sessions is using his authority over the immigration court system to review a number of judicial decisions. If he overturns those decisions, thousands of other cases could be affected. In this way, he is expected to end administrative closure, or scale it back.The attorney general may also limit when judges can grant continuances and who qualifies for asylum in the United States.This could reshape the nation’s immigration courts, which are overseen by the Justice Department, and make them move faster. Sessions says he is trying to clear a massive backlog of cases that is clogging the docket.But critics say he is weighing changes that would threaten the due process rights of immigrants, and the integrity of immigration courts.“What he wants is an immigration court system which is rapid, and leads to lots of deportations,” said Nancy Morawetz, who teaches the Immigrant Rights Clinic at New York University School of Law.“It’s really just an unprecedented move by the attorney general to change the way the whole system works,” she said.It’s rare for an attorney general to exercise this power, but Sessions has done it four times in the past three months.Separately, for the first time, the Justice Department is setting quotas for immigration judges, pushing them to resolve cases quickly in order to meet performance standards.It’s not just immigration lawyers who are worried about the effect of any changes. The union that represents immigration judges is concerned, too.“A lot of what they are doing raises very serious concerns about the integrity of the system,” said Judge Ashley Tabaddor, president of the National Association of Immigration Judges, “judges are supposed to be free from these external pressures.”The attorney general insists he’s trying to make sure that judges are deciding cases “fairly and efficiently.” And says he is trying to clear a backlog of nearly 700,000 cases.That is in addition to the hundreds of thousands of cases in administrative closure. Nearly 200,000 immigration cases have been put on hold in this way in the past five years alone.“Far and away, administrative closure was being abused,” said Andrew Arthur, a former immigration judge who is now a fellow at the Center for Immigration Studies, which advocates for lower levels of immigration.He says many of those cases should have ended in deportation. “But rather than actually going through that process, the Obama administration simply administratively closed them. And took them off the docket to be forgotten,” he said.Sessions has chosen to personally review the case of an undocumented immigrant named Reynaldo Castro-Tum who didn’t show up for his removal hearing. The judge wondered whether the man ever got the notice to appear in court and put his deportation proceedings on hold.In a legal filing in January, Sessions asked whether judges have the authority to order administrative closure and under what circumstances.Immigration lawyers and judges say there are legitimate reasons to administratively close a case. For instance, some immigrants are waiting for a final decision on visa or green card applications.There is a backlog for those applications, too. They’re granted by U.S. Citizenship and Immigration Services, which is separate from immigration court. And that can take months, if not years.Immigration lawyers and judges are worried that undocumented immigrants could be deported in the meantime.“You know this is not the private sector where you pay extra money and you can get it done in two days,” said Cheryl David, an immigration lawyer in New York.David represents hundreds of undocumented immigrants who are facing deportation. She often asks judges to put the proceedings on hold.“It gives our clients some wiggle room to try and move forward on applications,” she said. “These are human beings, they’re not files.”Immigration lawyers say these changes could affect immigrants across the country.Brenda DeLeon has applied for a special visa for crime victims who are undocumented. She says her boyfriend beat her up, and she went to the police.She came to the U.S. illegally from El Salvador in 2015, fleeing gang violence, and settled in North Carolina.“If I go back, then my life is in danger,” DeLeon said through a translator. “And not only mine, but my children’s lives too.”For now, a judge has put DeLeon’s deportation case on hold while she waits for an answer on her visa application.Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more


Santa Fe ISD Approves New Safety Measures

first_img Share Photo: Harris County Sheriff’s Office via Twitter / @HCSOTexasLaw enforcement agencies are deployed at Santa Fe High School, located in Galveston County, because of the shooting incident that happened in the morning of May 18, 2018.Trustees of Santa Fe Independent School District approved new safety measures, last night.Media outlets report the board decided to install new locks inside classrooms, remodel the front entrance to the school with bulletproof glass, and install new alarms and panic buttons in classrooms.The Galveston County Daily News reports about 1.5 million dollars will be spent on a series of updates, many to be completed before the school year begins. The district will reportedly relocate the classrooms where the deadly shooting took place last May.The board did not vote on whether to install metal detectors donated to the district.last_img read more


There is no stopping PUBG Fortnite games among Indian youngsters

first_img“Ye PUBG wala hai kya?” Prime Minister Narendra Modi asked a mother who raised concerns about her son being too involved into online games during the “Pariksha pe Charcha 2.0” event here on Tuesday. The ground reality is that online, multi-player games have taken over the millenials big time in India, sending the earlier individual mobile games like Candy Crush and Temple Run almost into oblivion. Youngsters in smaller towns and cities can now be seen playing two such battlefield Internet games – PlayersUnknown Battleground (PUBG) and Fortnite – as smartphone penetration increases in leap and bound (there are nearly 430 million smartphone users in India now). Also Read – Add new books to your shelfThese “survival of the fittest” games where mobile users fight each other in real-time using virtual warfare techniques, have eclipsed single-player mobile games. According to a report by the Mobile Marketing Association (MMA) and Kantar IMRB in association with POKKT, a smartphone advertising platform for mobile games, the mobile gaming industry in India is projected to reach $943 million in 2022 driven by rising smartphone use and growing mobile app market. Also Read – Over 2 hours screen time daily will make your kids impulsive”We also have post-millennials who are heavy on gaming and smartphone brands are responding to this by pushing devices with greater processing power than before, as a result of which, games like PUBG and Fortnite are here to stay,” said an industry experts. According to the report, three out of four Indian gamers play mobile games at least twice a day, for an average of over 60 minutes, each day. Mobile gaming is also prevalent in tier-2 and tier-3 cities, with similar amounts of time spent by the users, the report added. According another expert, “consumers have taken to mobile gaming in a big way, yet it still remains a relatively untapped advertising channel in India”. Since single-player mobile games were rendered monotonous at some point, players did not get aggressively hooked on to them as compared to the adrenaline-pumping, multi-player online games. The New-Age games are regularly updated with newer features, allowing the gamers to experiment with creating their own avatars, styling their own looks, choosing their own weapons, reading maps, making strategies and more. In a quest to experiment with newer career opportunities, young adults are also exploring gaming at a professional level today. With the proliferation of smartphones, gaming as a concept has picked up in India and the market is also ready now for PC gaming. Micro-blogging site Twitter recently revealed that it recorded one billion tweets on games with role-playing mobile game “Fate/Grand Order” topping the charts, closely followed by Fortnite and PUBG. With the kind of loyalty towards games has been noted in recent years, it would not be wrong to say that from just being a mode of recreation, group mobile gaming has risen to become a new dimension of existence for millenials in India.last_img read more


Person hit by train near StokeonTrent

first_imgGet the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailA person has been hit by a train near Stoke-on-Trent tonight. Virgin Trains report the incident has taken place on the railway between the Potteries and Macclesfield. A Virgin Trains spokesman said: “Due to a person being hit by a train between Stoke-On-Trent and Macclesfield all lines are blocked. “Train services running through these stations may be delayed or diverted via Alsager. Macclesfield will not be served. “Disruption is expected until 11.45ppm.” Inrix, the traffic data company, also reports trains are being diverted via Alsager – and first reported the incident shortly before 11pm. Read MoreKnife disguised as key found in Stoke-on-Trent park We have no further information on the exact location of the incident at this stage. We will bring you an update on this story when one becomes available.last_img read more


Dopamine A Tensorflowbased framework for flexible and reproducible Reinforcement Learning research by

first_imgYesterday, Google introduced a new Tensorflow-based framework named Dopamine, which aims to provide flexibility, stability, and reproducibility for both new and experienced RL researchers. This release also includes a set of colabs that clarify how to use the Dopamine framework. Dopamine is inspired by one of the main components in reward-motivated behavior in the brain. It also reflects a strong historical connection between neuroscience and reinforcement learning research. Its main aim is to enable a speculative research that drives radical discoveries. Dopamine framework feature highlights Ease of Use The two key considerations in Dopamine’s design are its clarity and simplicity. Its code is compact (about 15 Python files) and is well-documented. This is achieved by focusing on the Arcade Learning Environment (a mature, well-understood benchmark), and four value-based agents: DQN, C51, A carefully curated simplified variant of the Rainbow agent, and The Implicit Quantile Network agent, which was presented last month at the International Conference on Machine Learning (ICML). Reproducibility Google has provided the Dopamine code with full test coverage. These tests also serve as an additional form of documentation. Dopamine follows the recommendations given by Machado et al. (2018) on standardizing empirical evaluation with the Arcade Learning Environment. Benchmarking It is important for new researchers to be able to quickly benchmark their ideas against established methods. Following this, Google has provided the full training data of the four provided agents, across the 60 games supported by the Arcade Learning Environment. They have also provided a website where one can quickly visualize the training runs for all provided agents on all 60 games. Given below is a snapshot showcasing the training runs for the 4 agents on Seaquest, one of the Atari 2600 games supported by the Arcade Learning Environment. The x-axis represents iterations, where each iteration is 1 million game frames (4.5 hours of real-time play); the y-axis is the average score obtained per play. The shaded areas show confidence intervals from 5 independent runs. The Google community aims to empower researchers to try out new ideas, both incremental and radical with Dopamine ’s flexibility and ease-of-use. It is actively being used in Google’s research, giving them the flexibility to iterate quickly over many ideas. To know more about Dopamine in detail visit the Google AI blog. You can also check out its GitHubrepo. Read Next Build your first Reinforcement learning agent in Keras [Tutorial] Reinforcement learning model optimizes brain cancer treatment, reduces dosing cycles and improves patient quality of life OpenAI builds a reinforcement learning based system giving robots hhuman-likedexteritylast_img read more


TeliaSonerabacked Estonian service provider Elion

first_imgTeliaSonera-backed Estonian service provider Elion grew its IPTV subscriber base by about 10% in the year to March, ending the quarter with 160,000 subscribers.Elion had 216,000 broadband customers at the end of March, up 6% year-on-year.Elion CEO Arti Ots said the company would focus on network investment over the coming year. The group invested €6.5 million in upgrading its network in the first quarter. Elion this month also introduced the first in a number of digital home management services.last_img read more


In This Issue   Dollars allout assault is st

first_imgIn This Issue. *  Dollar’s all-out assault is stopped.. *  Euro rebounds on cease fire news. *  Aussie 2nd QTR GDP beats expectations! *  China to spend some reserves on shipping. And Now. Today’s A Pfennig For Your Thoughts. Ukraine / Russia Agree To Cease Fire. Maybe. Good Day! .  And a Wonderful Wednesday to you! Man, I had better get my eye checked! I think I’m beginning to read stuff that’s not the way it’s presented! Here’s the skinny: I woke up from a quick and not long enough nap to answer the door yesterday afternoon, and after welcoming the ATT guy into the house, I brought up my work email on my mobile device, and there was an email from our office managing guru, Danielle, telling me about elevator work that would take place around the time I arrive in the morning. “Great! I said, for I had some blood work that I needed to get done tomorrow, so I’ll just stay home, write and then go get the blood work done, rather than get all dialed in at work to leave right away.  Unfortunately, the email said Sept 4.. not Sept 3. UGH! So, I’m writing from home today, when I didn’t have to! The elevator work is tomorrow! What a dolt I am sometimes! Front and Center this morning, there was word earlier that Russia and Ukraine had agreed to a cease-fire. But then the “official word” from the Kremlin came out, and said that the Russian and Ukrainian Presidents had only discussed steps toward peace. There’s been no further discussion on what that meant, or maybe it was just a matter of semantics, but it sounds to me that the Kremlin wants their say before any “agreement” is made. The Currency traders are taking this “non-agreement in stone” as a good sign, and the euro has rallied a little bit. In fact the dollar’s all-out assault on the currencies and metals yesterday, (Gold lost $24) has backed off a bit this morning, albeit the moves are small. I forgot to mention yesterday that there is a bevy of Central Bank meetings this week, and that all gets started today with the Bank of Canada (BOC) meeting.  I don’t expect any surprises from the BOC today, and their neutral bias should remain in place. The recent data from Canada, as chronicled here in the Pfennig, has been upbeat, but I doubt it’s enough. yet that is. Oh, and before I forget again. which, I might add, seems to be happening to me more and more these days, the other central bank meetings this week include the European Central Bank (ECB), The Bank of England (BOE), and the Bank of Japan (BOJ). And we can’t take our eye off the ball with regards to the Jobs Jamboree, which will take place on Friday this week! So, an event-full week, but in the end it will be just a bunch of boondoggles and cooked booked. The Biggest mover overnight, is the Aussie dollar (A$).  Australia printed their 2nd QTR GDP last night, and it showed a solid number of .5% for the QTR and 3.1% year on year. That beat the expectations, and the A$ has reversed yesterday’s selling on the news. I did see “something” as a doctor might say to a patient, that we’ll have to keep our eye on. The Personal Income component of the GDP report showed a -.6% decline in disposable income.  That’s not a good sign for the 3rd QTR. Just like I told you yesterday about how the Personal Income decline in the U.S. was not good for 3rd QTR GDP, the same will hold true for Australia, unless.. this was just a blip, and the next two months turn around, which is why I say we’ll have to keep our eye on this.  But for right here ,right now, the A$ is in rally mode, so don’t stop it now, it’s on a roll!  Remember when the Germans bombed Pearl Harbor? The Germans bombed Pearl Harbor? Don’t Stop him he’s on a roll.  HAHAHAHAHA! One of the funniest scenes ever in a movie. On a side bar.  A few years ago,  used that line about the Germans bombing Pearl Harbor, and I actually had a few readers send me notes telling be that it was Not the Germans, but the Japanese that bombed Pearl Harbor. That made the whole line even more funny! Of course the actual bombing is not, was not funny. I’m strictly talking about the line in the Animal House movie! Back to Australia for a minute. Reserve Bank of Australia (RBA) Gov. Stevens, made some comments after the 2nd QTR GDP report printed last night, and in his speech, he made a tactical error, and sound hawkish. I’m certain that he didn’t mean to do this, but h did, and the A$ was the beneficiary. I wouldn’t be surprised to see him come out with a retraction. There’s news this morning from two of my fave currencies / countries. Sweden and Norway, and none of the news is good.  In Sweden, the markets are calling for the Riksbank to implement unconventional methods to reach their target inflation rate. Read, Quantitative Easing / QE. I shake my head in disgust, for this Central Bank USED to be prudent and kept their eyes on price stability. And in Norway, the latest data from Statistics Norway, their latest survey of Oil producers and explorers suggest an 18% drop in investments next year. So far in 2014, they’ve seen a 14% decline in investments. So a further drag on the Norwegian economy next year, folks. Of course this is where you reach back in the memory bank and recall that Chuck told you of the huge cash reserves from Oil that Norway is holding, and you say, “But, Chuck, doesn’t the Norwegian Gov’t have a 140.9 Billion krone revenue pile that they could use to plug deficits and support growth during this slowdown?” And I would say, yes! You, dear reader, get a Gold Star! Both the Eurozone and he U.K. printed their latest Services PMI’s this morning, and it was like two ships passing in the night. the U.K. Services industry printed above expectations, while the Eurozone’s print was slightly weaker. But still above 50 (actually at 52.5) But this morning is all about the cease-fire, no cease-fire between Ukraine and Russia.  And any sign that the sanctions could be removed would be HUGE for the Eurozone! Gold has found a bid this morning, albeit a small bid, after losing some major ground yesterday. So, Gold loses $24 on a day when the U.S. announces air strikes in Somalia, and Russian President, Putin rates his saber, and then turns around and gains a couple of shekels when a cease-fire is announced. Now, you tell me, where the logic is in all of that! And the metal that has had the best performance so far this year, gaining 22% to date, Palladium, is getting whacked badly this morning on the cease-fire news. I have to say that I’m taken back a step or two watching this price movement in Palladium, given the need of the metal in industrial use hasn’t changed. But, the interruptions of delivery that hung over the metal like the Sword of Damocles, from strikes, earlier this year in S. Africa, and now the conflict in Russia/ Ukraine, seem now to be a thing of the past. But, I don’t think this is anything to get upset about! Look at this whacking of Palladium’s price as an opportunity to buy at a cheaper price. That’s how I look at it! The Chinese renminbi was allowed to appreciate last night.. You know how I always tell you, be yourself, no wait! No time for Mr. Wizard Chuck! I always tell you about China’s treasure chest of reserves that they can use to help the economy when they see a problem ? Well, here’s a classic case of what I’m always telling you. It was reported by the State Council overnight, that Beijing plans to build an efficient shipping system by 2020. Don’t you love it when a country makes investment in their future? So, besides the BOC meeting this morning which will most likely be a non-even, the U.S. Data Cupboard has the conn today.. Since Friday will be the Jobs Jamboree, we’ll see the ADP Employment Report for August today. the ICSC-Goldman Store Sales report, and Factory Orders. The Gallup Poll people are putting together an index on U.S. Job Creation, which should be interesting.. The U.S. Data Cupboard did produce a stronger than expected ISM Manufacturing Index (59 in August VS 57.1 in July), just as I thought, and said it would probably do, given the weakness in the dollar, but, as I also said, I would expect this index number to come down in the coming months given my expectation of a short-term dollar rally.  You see, the dollar’s value goes a long way toward whether Manufacturing cooks or not. The last time the ISM Index was this strong was March 2011.  And we had QE up to our eyeballs, so everything gets thrown out of whack as far as looking at fundamentals and history. But think you get the picture. For What It’s Worth.Well, I’ve told you all about the agreement that China and Russia signed a couple of months ago whereas Russia agreed to supply China with gas.. Well, there was news this weekend that I found at www.zerohedge.com  on this story, and it involves the largest gas pipeline in the World to link the two countries.  here’s a snippet. “If after months of Eurasian axis formation, one still hasn’t realized why in the grand game over Ukraine supremacy – not to mention superpower geopolitics – Europe, and the West, has zero leverage, while Russia has all the trump cards, then today’s latest development in Chinese-Russian cooperation should make it abundantly clear.  Overnight, following a grand ceremony in the Siberian city of Yakutsk, Russia and China officially began the construction of a new gas pipeline linking the countries. The bottom line to Russia – nearly half a trillion after China’s CNPC agreed to buy $400bn in gas from Russia’s Gazprom back in May. In return, Russia will ship 38 billion cubic meters (bcm) of gas annually over a period of 30 years. The 3,968 km pipeline linking gas fields in eastern Siberia to China will be the world’s largest fuel network in the world.” Chuck again. yes, it’s happening right before us folks. the “shift” away from a dependence on the U.S. But then long time readers will say to themselves, Hey! But Chuck has been telling us this was going to happen because of the debt buildup and history for a long time! And you would be correct! To recap. the dollar’s all-out assault on the currencies and Gold yesterday has backed off this morning with the news that maybe a cease-fire between Ukraine and Russia has been made and maybe not. Australia printed a strong 2nd QTR GDP, well stronger than expected, and RBA Gov. Stevens ended up on the hawkish side of statements, and I’m sure he didn’t mean to! Gold got whacked yesterday, but has wrapped a tourniquet around the bleeding this morning, while Palladium takes over at the bloodletting table for Gold. Not good news from Sweden and Norway this morning, and the Bank of Canada meets today, should be a non-event. Currencies today 9/3/14. American Style: A$ .9325, kiwi .8325, C$ .9175, euro 1.3160, sterling 1.6460, Swiss $1.0895, . European Style: rand 10.6965, krone 6.2045 ,SEK 6.9915, forint 238.75, zloty 3.1870, koruna 21.0315, RUB 36.92, yen 105.05, sing 1.2520, HKD 7.7505, INR 60.49, China 6.1697, pesos 13.09, BRL 2.2435, Dollar Index 82.83, Oil $93.71, 10-year 2.45%, Silver $19.17, Platinum $1,409.88, Palladium $879.00, and Gold. $1,267.80 That’s it for today. What  a dolt I am for that elevator repair mix up. UGH! It looks really froggy out this morning.  Spell checker didn’t like my version of foggy, but I told it to deal with it! Another exciting win by my beloved Cardinals last night, I sure hope this time it’s for real, and no false dawn like we’ve seen all season long! Speaking of froggy, it reminds me of many years ago, when Kathy & Chuck were driving to St. Louis from Des Moines, Ia. The fog was so thick that the only way I could continue to drive was to crack the door open so I knew where the white line on the road was. That was dangerous, yes, I know it. Just shows how desperate we were to get out of Des Moines and back home to St. Louis!  Well, after about 6 years, I finally had to have a new wireless modem put in the house. I was going crazy with all the interruptions to my TV! Hey! It’s college football season, baseball playoffs are around the corner, and the NFL starts tomorrow night, I had to get that fixed! HA! I noticed at the grocery store this past weekend that they had HUGE displays out of Halloween candy already.. UGH!  What? I next week too early to get the Christmas stuff out?  Our Hockey Blues were showing off their new jersey last week. Everything runs together now I guess! Oh well. I’ve got to get this to Mike for the finishing touches, I hope everyone has a Wonderful Wednesday! Chuck Butler President EverBank World Marketslast_img read more


Recommended Links

first_img Recommended Links Editor’s Note: In yesterday’s Weekend Edition, Casey Research founder Doug Casey explained why gold stocks can offer 10 times or even 100 times returns on your money. Today, Doug explains how to stack the odds in your favor when buying gold stocks… Doug Casey: You know, I first started looking at gold stocks back in the early 1970s. In those days, South African stocks were the “blue chips” of the mining industry. As a country, South Africa mined about 60% of all the gold mined in the world, and costs were very low. Gold was controlled at $35 per ounce until Nixon closed the gold window in 1971, but some South Africans were able to mine it for $20 an ounce or less. They were paying huge dividends. Gold had run up from $35 to $200 in early 1974, then corrected down to $100 by 1976. It had come off 50%, but at the same time that gold was bottoming around $100, they had some serious riots in Soweto. So the gold stocks got a double hit: falling gold prices and fear of revolution in South Africa. That made it possible, in those days, to buy into short-lived, high-cost mining companies very cheaply; the stocks of the marginal companies were yielding current dividends of 50-75%. They were penny stocks in those days. They no longer exist; they’ve all been merged into mining finance houses long since then. Three names I remember from those days were Leslie, Bracken, Grootvlei…I owned a lot of shares in them. If you bought Leslie for 80 cents a share, you’d expect, based on previous dividends, to get about 60 cents a share in that year. But then gold started flying upward, the psychology regarding South Africa changed, and by 1980—the next real peak—you were getting several times what you paid for the stock in dividends alone, per year. Louis James: Wow. I can think of some leveraged companies that might be able to deliver that sort of performance if gold goes where we think it will. So, where do you think we are in the current trend or metals cycle? You’ve spoken of the Stealth, Wall of Worry, and Mania Phases of a bull market for metals—do you still think of our market in those terms? Doug: That’s the big question, isn’t it? Well, the last major bottom in this sector was from 1998 to 2002. Many of these junior mining stocks—mostly traded in Canada, where about 75% of all the gold stocks in the world trade—were trading for less than cash in the bank. Literally. You’d get all their properties, their technology, the expertise of their management, totally for free. Or less. L: I remember seeing past issues in which you said, “If I could call your broker and order these stocks for you, I would.” Doug: Yes. But nobody wanted to hear about it at that time. Gold was low, and there was a bubble in Internet stocks—why would anyone want to get involved in a dead duck, 19th century, “choo-choo train” industry like gold mining? It had been completely discredited by the long bear market—but that made it the ideal time to buy them, of course. That was deep in the Stealth Phase. Over the next six to eight years, these stocks took off, moving us into the Wall of Worry Phase. But the stocks didn’t fly the way they did in past bull markets. I think that’s mostly because they were so depleted of capital, they were selling lots of shares. So their market capitalizations—the aggregate value given to them by the market—were increasing, but their share prices weren’t. Not as much. Remember, these companies very rarely have any earnings, but they always need capital, and the only way they can get it is by selling new shares, which dilutes the value of the individual shares, including those held by existing shareholders. Then last fall hit, and nobody, but nobody, wanted anything speculative. These most volatile of stocks showed their nature and plunged through the floor in the general flight to safety. That made last fall the second best time to buy mining shares this cycle, and I know you recommended some pretty aggressive buying last fall, near the bottom. Now, many of these shares—the better ones at least—have recovered substantially, and some have even surpassed pre-crash highs. Again, the Wall of Worry Phase is characterized by large fluctuations that separate the wolves from the sheep (and the sheep from their cash). Where does that leave us? Well, as you know, I think gold is going to go much, much higher. And that is going to direct a lot of attention toward these gold stocks. When people get gold fever, they are not just driven by greed, they’re usually driven by fear as well, so you get both of the most powerful market motivators working for you at once. It’s a rare class of securities that can benefit from fear and greed at once. – Remember that the Fed’s pumping up of the money supply ignited a huge bubble in tech stocks, and then an even more massive global bubble in real estate—which is over for a long time, incidentally—but they’re still creating tons of dollars. That will inevitably ignite other asset bubbles. Where? I can’t say for certain, but I say the odds are extremely high that as gold goes up, for all the reasons we spoke about last week and more, a lot of this funny money is going to be directed into these gold stocks, which are not just a microcap area of the market but a nanocap area of the market. I’ve said it before, and I’ll say it again: When the public gets the bit in its teeth and wants to buy gold stocks, it’s going to be like trying to siphon the contents of the Hoover Dam through a garden hose. Gold stocks, as a class, are going to be explosive. Now, you’ve got to remember that most of them are junk. Most will never, ever find an economical deposit. But it’s hopes and dreams that drive them, not reality, and even without merit, they can still go 10, 20, or 30 times your entry price. And the companies that actually have the goods can go much higher than that. At the moment, gold stock prices are not as cheap, in either relative or absolute terms, as they were at the turn of the century, nor last fall. But given that the Mania Phase is still ahead, they are good speculations right now—especially the ones that have actually discovered gold deposits that look economical. L: So, if you buy good companies now, with good projects, good management, working in stable jurisdictions, with a couple years of operating cash to see them through the Wall of Worry fluctuations—if you buy these and hold for the Mania Phase, you should come out very well. But you can’t blink and get stampeded out of your positions when the market fluctuates sharply. Doug: That’s exactly right. At the particular stage where we are right now in this market for these extraordinarily volatile securities, if you buy a quality exploration company, or a quality development company (which is to say, a company that has found something and is advancing it toward production), those shares could still go down 10%, 20%, 30%, or even 50%. But ultimately, there’s an excellent chance that same stock will go up by 10, 50, or even 100 times. I hate to use such hard-to-believe numbers, but that is the way this market works. When the coming resource bubble is ignited, there are excellent odds you’ll be laughing all the way to the bank in a few years. I should stress that I’m not saying this is the perfect time to buy. We’re not at a market bottom as we were in 2001, nor an interim bottom like last November, and I can’t say I know the Mania Phase is just around the corner. But I think this is a very reasonable time to be buying these stocks. And it’s absolutely a good time to start educating yourself about them. There’s just such a good chance a massive bubble is going to be ignited in this area. L: These are obviously the kinds of things we research, make recommendations on, and educate about in our metals newsletters, but one thing we should stress for nonsubscribers reading this interview is that this strategy applies only to the speculative portion of your portfolio. No one should gamble with their rent money nor the money they’ve saved for college tuition, etc. Doug: Right. The ideal speculator’s portfolio would be divided into 10 areas, each totally different and not correlated with each other. Each of these areas should have, in your subjective opinion, the ability to move 1,000% in price. Why is that? Because most of the time, we’re wrong when we pick areas to speculate in, certainly in areas where you can’t apply Graham-Dodd-type logic. But if you’re wrong on nine out of 10 of them—and it would be hard to do that badly—then you at least break even on the one 10-bagger (1,000% winner). What’s more likely is that a couple will blow up and go to zero, a couple will go down 30%, 40%, 50%, but you’ll also have a couple doubles or triples, and maybe, on one or two of them, you’ll get a 10-to-1 or better win. So, it looks very risky (and falling in love with any single stock is very risky), but it’s actually an intelligent way to diversify your risk and stack the odds of profiting on volatility in your favor. Note that I don’t mean that these “areas” should be 10 different stocks in the junior mining sector—that wouldn’t be diversification. As I say, ideally, I’d have 10 such areas with potential for 1,000% gains, but it’s usually impossible to find that many at once. If you can find only two or three, what do you do with the rest of your money? Well, at this point, I would put a lot of it into gold, in one form or another, while keeping your powder dry as you look for the next idea opportunity. And ideally, I’d look at every market in every country in the world. People who look only in the U.S., or only in stocks, or only in real estate… they just don’t get to see enough balls to swing at. L: Okay, got it. Thank you very much. Doug: A pleasure, as always. Editor’s note: Doug Casey recently put $1 million of his money in penny gold stocks using the “Casey Method”…a proven way of selecting gold stocks with 5x upside, 10x upside, or more. And now, for the first time ever, he is revealing the secrets behind this lucrative strategy in this free video presentation. The last time we saw a gold market like today’s, the Casey Method found 16 stocks. The stocks more than doubled in 12 months, with an average gain of 313%. And Doug believes that today’s gold boom will even be bigger…the biggest gold mania we’ve ever seen. To learn more, watch this short presentation. As you’ll see, there’s never been a better time to own gold stocks. Don’t buy gold bullion. Do this instead. Your wife and broker might think you’re crazy… But a controversial new gold secret could make you 5 times your money this year, starting with just 60 cents right now. Details here. — “Universal Antidote” Set to Generate $1 Billion in New Revenues One under-the-radar company just created a “universal antidote” that could save up to 1.5 million lives this year… and every year thereafter. It could add $1 billion to its revenues… and send the stock soaring 8,233% over the long term… To find out how you could play this opportunity for maximum profits, click here now.last_img read more