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Shares of Ballard Power Systems up after responding to short sellers report

first_imgVANCOUVER – Shares of Ballard Power Systems Inc. shot up in early trading after the company fought back against a short seller’s report that questions the company’s prospects.Ballard shares were up 65 cents at $4.36 in early trading, up nearly 18 per cent from Friday’s close.The fuel cell company says it expects to report record annual revenue of approximately $120 million, based on preliminary unaudited financial statements for its 2017 financial year.Last week, Spruce Point Capital released a report on Ballard with a “strong sell” recommendation.That was followed by two days of declines for Ballard shares, which dropped 13.4 per cent on Thursday and 8.6 per cent on Friday.Ballard says the short-seller’s report “contained a number of unsubstantiated forward-looking statements, assumptions and opinions, as well as other statements and assertions that are simply false.”A conference call to review its fourth quarter and full-year results is set for March 1.Companies in this story: (TSX:BLDP)last_img read more

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Chetwynd Hospital to experience temporary diversion over Labour Day weekend

first_imgCHETWYND, B.C. – Northern Health has issued a notice in regards to the operation of the Chetwynd Hospital this Labour Day weekend.According to Northern Health, the Chetwynd Hospital must go on diversion for 12 hours this weekend.Northern Health says this temporary suspension of emergency room services will be from 7:00 p.m. Sunday, September 1 to 7:00 a.m. Monday, September 2, and is due to a lack of available registered nursing staff. During this time, community members requiring urgent medical care are asked to call 9-1-1 for ambulance assistance or to make their way to the nearest hospital of their choice.People who need non-emergency health advice and information can call HealthLink BC at 8-1-1, or visit healthlinkbc.ca.last_img read more

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Israeli Newspaper: Palestinian Land Doesn’t Belong to the Jews

first_imgTaroudant, Morocco- According to the Palestinian Safa News Agency, the Hebrew language newspaper Yated Ne’eman published an article Thursday morning under the title: “This land is not registered in the Land Registry for the people of Israel,” refuting the Israeli and Jewish people’s claim to the land.The newspaper, which is affiliated with the United Torah Judaism movement, a Jewish orthodox movement, posed the following question: “The pressing question is to whom does this land belong?” The author provided an answer to his query saying, “We should not make a mistake; this land is not registered in the Land Registry in the name of the Israeli people and the Jewish people have no legal claim to this land, so this land is owned by others.” A snapshot of the articleAccording to the same source, the article generated “scathing criticism from other Jewish parties,” accusing the newspaper’s editors of “serving Hamas’s agenda through publishing such an article”.The author of the article quoted Moti Yogev, a member of the Knesset for the Jewish Home party, which is a far-right and religious zionist political party in Israel, as saying, “We must first and foremost answer the pressing question: who are the owners of this land?”Following the latest round of discussions led by John Kerry to revive the peace process between Israel and Palestine, US attempts have be unfruitful, following Israel’s refusal to release Palestinian prisoners and to stop its settlements activities in the occupied Palestinian territory.last_img read more

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How FiveThirtyEights NCAA Tournament Forecasts Did

We love making predictions at FiveThirtyEight, but we know that they’d be meaningless if we didn’t check to see how accurate they turned out to be. Over the past month, we forecast every NCAA college basketball game for the women’s and men’s tournaments, updating our numbers almost a hundred times as 132 teams were pared down to two champions.So let’s relive the NCAA tournament not through “One Shining Moment” but through a vetting of FiveThirtyEight’s forecasts.MEN’SOne way to assess our accuracy is to pit ourselves against Vegas, the gold standard of sports predictions. We took our final probabilities from before each March Madness game — converted to a point spread1The calculation for converting a win probability to a point spread in R: -qnorm(win_prob, mean = 0, SD = 10.36). That standard deviation is derived from a model Nate Silver built several years ago, based on about six years’ worth of tournament games. We then rounded to the nearest half point. — and used them to place hypothetical bets on the final Vegas line. For example: Vegas had Texas at -2.5 over Butler, but we gave the Longhorns just a 54 percent chance of winning. This implied a line of -1, so we bet on Butler to cover. (And we won!)Here’s how our hypothetical bets did through the round of 64. Note that if our implied line matched Vegas’s exactly, we wouldn’t place a hypothetical bet on that game.A 17-13 record is strong — enough to maybe make some money. More importantly, our model performed well when it differed significantly from Vegas. In seven games, marked in gray above, our model had a perceived edge of three points or more — a sizable gap in forecasting between the two basketball forecasts. In these games, our bets went 5-2.After the round of 64, things didn’t go so great:Through these last 31 games, our spreads tracked Vegas very closely. We disagreed on the favorite just once (correctly picking Notre Dame to beat Wichita State), and there were no games where our perceived edge was three points or greater. In 21 games, our edge was half a point to a point, a relatively small advantage to place actual money on. Luckily we didn’t, as these hypothetical bets went 6-15. When our perceived edge was greater than a point, our bets went 3-3. That gave us an overall March Madness record of 26-31, with 10 no bets.Betting against Vegas is great, but we’re aware that many of our readers stopped looking at our forecasts the moment they turned in their bracket. This means that the performance of our first, pre-tourney predictions was especially important.If you built a men’s bracket using only FiveThirtyEight’s initial numbers, you would have gotten 70 percent of the games correct. It’s hard to tell if we should be happy with that number — it’s certainly not going to impress sammyholtz16 or anyone else on top of the ESPN Bracket Challenge leaderboard. A better way to assess probabilistic forecasts is a calculation known as a Brier score, which we can use to compare ourselves to other models like Ken Pomeroy’s, Jeff Sagarin’s,2Sagarin just produces a power ranking, so for that model we used the converted probabilities that appeared in The New York Times. The Power Rank, ESPN BPI, and numberFire.A short, but still mathy, example of how Brier scores work: Our initial predictions gave No. 6 seed Xavier a 26.5 percent chance of advancing to the Sweet 16, while Ken Pomeroy’s log5 model gave them a 24.8 percent chance.3It’s sort of unfair to compare our forecast to Pomeroy’s, as our model incorporates his numbers as one of our variables. Pomeroy’s ratings and Jeff Sagarin’s power rankings can be used to forecast the tournament, but they were built to be useful throughout the entire college basketball season; they’re intentionally more generalized. Xavier did advance, so our Brier score for that event was (1 – 0.265)^2, or 0.54, while Pomeroy scored a 0.57. Being closer to zero is better, so we were (slightly) more accurate for that prediction.We calculated each model’s average Brier score for each round of the tournament. To benchmark all the results, we added a “chalk” model that assigned a 100 percent probability to the higher seed winning each game.4For games between teams with the same seed, the S-curve was used as a tiebreaker. Not every model predicted the play-in games, so for consistency we used every site’s predictions from before the First Four, but only measured the accuracy of predictions from after those games were played. Here are the results, including an overall average:FiveThirtyEight came in third, and all the models beat the chalk. Our forecasts started strong, with the lowest Brier score for the round of 64. We assigned the highest probabilities to Georgia State’s and Dayton’s upset chances — 24 and 38 percent, respectively. The Dayton pick — calculated before the play-in games began — was a coup for the geographic component of our calculations: Dayton had a home game against Boise State for its play-in, and then had to travel just a few dozen miles for its round of 64 matchup.NumberFire came in second, leaning heavily on favorites throughout the tournament. This killed numberFire early on — it gave Iowa State a 96 percent change over UAB — but this confidence paid off as the bracket became chalkier and chalkier. Other models, like Pomeroy’s, consistently underrate the favorites’ probability of winning, leading to weaker Brier scores.Once Duke started rolling, The Power Rank pulled away. Among the models we looked at, the site gave the Blue Devils the highest probability of advancing to the Sweet 16 (88 percent), Elite Eight (71 percent), Final Four (46 percent), and Championship game (27 percent). Duke was given a 12 percent chance to win the title at the tournament’s start. To compare, our model and numberFire each put Duke at six percent, while BPI had it at just three percent. Given that Duke is traditionally undervalued in bracket pools, fans who built their brackets on The Power Rank’s numbers likely had a pretty good tournament.WOMEN’SVegas might be the gold standard of sports predictions over in the men’s tournament, but unfortunately we couldn’t find a reliable source of betting lines for the women’s NCAA tournament (nor could we find them for any games other than the championship). This year was the first time we made March Madness predictions for the women’s tournament, and we knew there would be less data available for making the women’s model.Because there’s no major alternative we can use to judge our forecast, we were left with an imperfect measure: Did it do better than if we had just picked favorites? It’s a draw! if you built a women’s bracket using only FiveThirtyEight’s initial numbers, you would have gotten 84 percent of games correct, compared to … 84 percent if only favorites won.But Brier scores can help settle the tie. Here’s what happened when we compared our probabilistic results to the all-favorites picks.Our model outperformed the chalk model in the opening rounds (as it should have), but in some matchups it did more than just outperform. We gave DePaul, a No. 9 seed, a 77 percent chance of upsetting Minnesota, a No. 8 seed, and the Blue Demons won by seven. In the Spokane region, we gave Gonzaga a 48 percent chance of upsetting George Washington, nearly a coin toss, and sure enough, Gonzaga made a strong run all the way to the third round.We didn’t predict the Dayton upset of Kentucky (we gave them only a 22 percent chance of making it that far), and by the Sweet 16, the chalk model began to outperform us. Perhaps our model’s biggest oversight was placing too much weight on South Carolina making it to the national championship over Notre Dame, which was due in part to the geographical advantages we assigned to their playing in Greensboro. Both teams were No. 1 seeds, but Notre Dame was the higher 1 seed. We gave South Carolina a 40 percent chance of making it to the finals, and Notre Dame only a 34 percent chance. This was a very chalky tournament to begin with, however, with heavy, heavy favorites like UConn and the rest of the No. 1 seeds dominating the bracket.In total, however, we outperformed the chalk, and we’re pleased with how our first women’s March Madness predictions did. We’ll have more data to build on for next year, plus a better understanding of the fat-tailed distributions particular to the women’s tournament — and we’ve got a pretty good idea of who our model will favor again.CORRECTION (March 15, 2016, 12:10 p.m.): An earlier version of the first footnote in this article misstated the equation used to calculate implied point spreads from win probabilities. This calculation used a mean of zero, not one. The numbers that appeared in the article were not affected. read more

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Spalletti no longer wants to discuss the Juventus controversy

first_imgIt has been discussed a lot lately in the Italian football as Juventus managed to turn around the match against Inter in the final minutes and some of the decisions of the referee were really doubtful.However, Luciano Spalletti insisted that it is time to move on and focus on the upcoming game against Udinese as Inter have to fight for the top positions and the defeat against Juventus didn’t help him at all.The former AS Roma coach spoke about his side’s next game as he said, according to Football Italia:Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.It has not been an easy week and the result of the Juventus game speaks for itself.”“Clearly we are not happy, but we have to react. We are playing these final weeks of the season thinking that everything still depends on us. That means we have to win in Udine.”“I don’t want to answer any more questions on Daniele Orsato, that case is closed. We showed against Juventus that we are a very strong side, but we shouldn’t need something exceptional to prove that. We ought to prove it every time.”last_img read more

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Pickford reveals Evertons season target

first_imgEverton goalkeeper Jordan Pickford has revealed that qualifying for Europe is their target this season under Marco Silva.Everton endured a difficult start to the Premier League season after recruiting Marco Silva and a number of players in the summer and Pickford now believes the team has gelled are is now looking forward to European football next year.“We’ve got a very good base camp, the mood is very good,” Pickford told Sky Sports.“The new players have come in and just bedded in straight away, flying straight away, and we’ve got a lot of competition for players which is beneficial because everyone has to be training hard, and everyone wants that shirt. It gives the gaffer a good headache.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“He’s (Silva) very detailed, so every individual knows what they’re doing in that role. Attacking-wise I think we’ve got much more of a threat; Richarlison has come in, Bernard, Theo (Walcott) is flying, Mola (Ademola Lookman) is flying. So you’ve got a lot of choices here.“For Everton, I would say hopefully return back to Europe,” Pickford said. “I know the fans love it, and it’s a great status to have, and it’s quite tough being in Europe. It’s a stepping stone again from last season.“We’ve still got the FA Cup to play for, and the fans want some silverware, something to smile about. It would be a massive bonus, if not this year for Everton, then in the next few seasons.“Regarding England, we’ve got the opportunity to get some silverware. I know it’s a new competition, but it’s silverware, and we go in with the belief to be able to win that competition.”last_img read more

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Louis gets gentle sentence must repay 12000 swindled

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 01 Mar 2016 – Nathanelle Louis caught a really big break in court today at her sentencing. The woman, originally from Haiti, allowed herself to be drawn into a scam where she stole over $12,000 from a bank account and sent the bulk of the money off to people she did not even know, somewhere in Africa. Louis was today given a two year suspended sentence; she was ordered to pay full restitution to the victim but not all at once. The judge ordered that she repay at $400 per month. If Louis misses even one payment, the Supreme Court Judge has ordered that she be jailed for one year. Facebook Twitter Google+LinkedInPinterestWhatsApp Police make significant arrests; Five Cays man charged with illegal guns Recommended for you Related Items:nathanelle louis, swindlelast_img read more

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TCI Port Authority Commences Port Lighting Project

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, February 9, 2018 – Providenciales – Premier Hon. Sharlene Cartwright Robinson and Minister of Tourism Hon. Ralph Higgs witnessed the commencement of the first major Port Authority project of 2018 at Bellfield Landing in North Caicos on Thursday February 1.The channel lighting and demarcation project will encompass the demarcation of the main shipping channel serving North Caicos, Parrot and Dellis Cay and will allow mariners to safely navigate the channel after nightfall.  The project was much needed as the channel is a lifeline to the islands that rely solely on maritime transport for the movement of passengers and inbound/outbound cargo.The Premier, who is the Minister responsible for the TCI Ports Authority, toured the dock and met with Project Superintendent, Albert Higgs of Unlimited Construction who explained the timelines and installation process.  Mr. Higgs who is also an accomplished mariner, explained the installation of the 28 Solar powered navigational lights, which is scheduled for completion during the month of February providing there are no unexpected delays.Public Works Department is providing technical assistance for the project. Chairman Devon Williams and Senior PSFO Walter Hanchell represented the TCI Ports Authority.  A formal commissioning exercise will take place upon project completion.Press Release: TCIG Related Items:last_img read more

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RBI Begins Magazine Closures

first_imgThe closures come less than six months after parent Reed Elsevier said it was putting the majority of the U.S.-based RBI titles back on the block after a failed auction of the entire group ended in late 2008 after bids were said to have fallen from approximately $2 billion to $1 billion. So far, the only divestiture to materialize was the sale last month of Broadcasting & Cable, Multichannel News and This Week in Consumer Electronics (TWICE) to Wicks Group-owned NewBay Media. Reed Business Information Wednesday said it has ceased publication of three trade titles: Video Business, Manufacturing Business Technology and Industrial Distribution. The Web sites associated with these magazines also will be shut down.According to a post on the Video Business Web site, the shutterings are part of a “larger, ongoing strategy to divest itself of most of its business-to-business publications in the U.S.” On New Years Eve, RBI CEO John Poulin sent a memo to staffers saying the company will need to close certain titles and lay off a number of employees during the first half of 2010.When contacted by FOLIO:, an RBI spokesperson declined to say how many employees were laid off as a result of the closures. She did, however, indicate that RBI’s DM2, effective April 8, will no longer manage or rent third party lists but will “continue to support internal list management through the resolution of the divestiture process.”last_img read more

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Galaxy Fit vs Galaxy Watch Active vs Fitbit Inspire HR

first_imgGalaxy Fit vs. Galaxy Watch ActiveThe Galaxy Fit doesn’t have music storage or playback, any mobile payments, GPS, dedicated swim tracking, or integration with third-party fitness apps like the Galaxy Watch Active has. That’s where the Fit becomes a weird choice. The Galaxy Watch Active is really, really good, and doesn’t cost all that much ($200). Spending an extra hundred isn’t absurd at all.The Fit feels pretty basic compared to the Watch Active, which is my biggest concern with it. Battery life is supposed to last up to a week (versus about 4-5 days on Inspire HR). I haven’t worn it long enough to know what the real battery life is.08-samsung-galaxy-fitSwapping the (limited) watch faces is easy, even on an iPhone. Sarah Tew/CNET Should you buy it?If you’re budget conscious, and want that smaller band design, and like Samsung hardware, the Galaxy Fit may be a good choice. But I still think the Fitbit Inspire HR hooks into a far better social fitness ecosystem with Fitbit, which is why you’d be best off with that instead. (If you’re a huge Samsung S-Health fan, the Gear Fit may be something you’d prefer.)Samsung’s biggest advantage tends to be unique hardware features, and those are mostly on the Watch Active. More to come in a full review. Now playing: Watch this: Samsung Galaxy Fit feels like a Fitbit Fitbit Fitness Samsung Apple Galaxy Fit vs. Fitbit Inspire HRThe closest parallel in Fitbit-land is the Fitbit Inspire HR, which also costs $99. The Inspire HR also has water resistance for swimming, sleep tracking, heart rate, and notifications. It has a black and white screen instead of a color screen. Otherwise, it’s pretty similar.The Galaxy Fit band is thin, feels like firm rubber, and has proprietary connections. It felt comfy on my wrist and attached firmly, but maybe it was a bit too slim. The included (proprietary) charger magnetically attaches to the back of the Fit.03-samsung-galaxy-fitIt’s not always easy to see the text. Sarah Tew/CNET Navigation on the Galaxy Fit happens through touching and swiping: it works fine, but it’s not always easy to do when moving (the text is small). A side button goes back to the main watch display, or quick starts a workout when pressed and held: this is my favorite thing it does that, weirdly, the Fitbit Inspire HR doesn’t.I also like Samsung fitness devices’ automatic tracking of walks and workouts, and how the stats instantly appear onscreen. On a brisk walk, I’m suddenly in workout tracking mode without doing anything.Loading a limited set of five customizable watch faces is pretty easy, even on iOS, via a watch face gallery that feels like what the Apple Watch has. Steps, heart rate, weather and a few other stats can appear on the watch faces, but you can’t cycle through them or see more than a couple at once, which is annoying. Also, only watch face can be on the Galaxy Fit at a time. Watch faces are faster loading from the phone than Fitbit Inspire HR, but Fitbit’s a lot better with adding more stat access.Much like Fitbit Inspire HR, you can swipe to see a quick dashboard of daily stats: heart rate (and resting heart rate), steps, calories burned. There’s no stair climbing feature, though. Aug 31 • Verizon vs AT&T vs T-Mobile vs Sprint: Choose the best 5G carrier Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? 19 Photos reading • Galaxy Fit vs. Galaxy Watch Active vs. Fitbit Inspire HR 6:30 Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Aug 31 • Your phone screen is gross. Here’s how to clean itcenter_img • Samsung Galaxy Watch Active, Galaxy Buds and Galaxy Fit:… Samsung Galaxy Fit: a bit Fitbit, a bit Nike. Sarah Tew/CNET The Samsung Galaxy Fit has finally arrived today. I’ve been wearing the $99 tracker on my wrist for a little over 24 hours. How does it compare to the Fitbit Inspire HR, or to Samsung’s other new fitness watch, the Galaxy Watch Active? It feels, in a lot of ways, like it falls right in between them.The Galaxy Fit feels more like a lightweight, budget fitness tracker than the round, higher-design Galaxy Watch. It’s an evolution of Samsung’s longer-display bands going back to Gear Fit. Despite its lower-key look, it has some impressive specs: it’s 5ATM water resistant, has onboard heart rate (and Samsung’s “stress level” tracking, which seems a little unreliable/confusing), automatic sleep tracking, automatic activity workout tracking (for walking, running, biking, rowing, elliptical) plus phone notifications. 1 Share your voice Comment See All Tags Apple Mobile Wellnesslast_img read more

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Trump mocks Kim Jongun Hillary

first_imgDonald Trump let loose on Twitter Sunday with a shoot-from-the-hip volley of posts referring to North Korea’s leader Kim Jong-Un as “Rocket Man”-and picturing himself taking out Hillary Clinton with a golf ball.The US leader spoke Saturday night with South Korea’s president Moon Jae-In, pledging joint “steps to strengthen deterrence and defense capabilities and to maximise economic and diplomatic pressure on North Korea,” according to the White House.Trump’s own account of the conversation, which kicked off an unbridled salvo of early morning tweets, struck a less diplomatic tone.“I spoke with president Moon of South Korea last night. Asked him how Rocket Man is doing. Long gas lines forming in North Korea. Too bad!” the president wrote to his 38 million followers.He then launched into half a dozen retweets of internet memes celebrating his Make America Great Again campaign theme-topping it off with a GIF montage of himself taking a swing at a golf ball and knocking out his erstwhile Democratic rival Hillary Clinton.Trump is spending the weekend at his golf club in Bedminster, New Jersey as he prepares to address the UN General Assembly next week.His latest bout of unbridled tweeting triggered a storm of online reaction-which he slyly acknowledged with a retweet of a Bloomberg article: “What Is Trump worth to Twitter? One analyst estimates $2 billion.”last_img read more

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I Make Things Blow Up — Meet The Pyrotechnician For The Astros

first_img Listen Michael HagertyRichard Welch operates the fireworks during Houston Astros games at Minute Maid Park. To embed this piece of audio in your site, please use this code: We meet Richard Welch, the pyrotechnician who operates the fireworks at Minute Maid Park during Houston Astros games.During each game, he sits in a perch near the left field foul pole and waits for the Astros to hit a home run. Then he flips a switch and pulls a trigger. That fires a single concussion from the railroad tracks above the Crawford Boxes. And he repeats the process at the ends of games the Astros win.He says when he first started the job he didn’t even like baseball, but now he loves it and calls it a “magical game.”center_img Share X 00:00 /02:11last_img read more

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Facebook Announces 399 Oculus Quest Standalone VR Headset

first_img Popular on Variety Oculus first announced its Santa Cruz headset at its developer conference two years ago, and gave developers and media a look at an updated version of the device last year. Last year’s version was still using handheld controllers with integrated touch pads, but the final version will ship with controllers that use Oculus Rift-style thumb sticks and buttons.Company executives likened Quest to the Rift multiple times, with Facebook VP of VR Hugo Barra saying that the Rift had been the company’s testbed to find out what was possible in VR. Quest “brings the magic of Rift to a mainstream product that appeals to an even wider audience,” he said.Oculus Quest is being powered by a custom inside-out-tracking technology developed by Facebook that is called Oculus Insight. This technology will not only make tracking work for Quest in a variety of rooms, it also works in much larger rooms than most existing home-based VR systems. Barra said that the company is demonstrating Quest at Oculus Connect with an arena-size demo measuring 4000 square feet.Launch titles for Oculus Quest will include “Vader Immortal,” a new “Star Wars” VR series produced by Lucasfilm’s ILMxLab. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img Facebook CEO Mark Zuckerberg used his keynote at the company’s Oculus Connect VR developer conference in San Jose, Calif., Wednesday to announce the next major product coming out of the company’s VR subsidiary: Oculus Quest, which was previously known as Project Santa Cruz, will ship next spring for $399.Oculus Quest is a standalone VR headset, meaning that it doesn’t require a PC or a mobile phone to run VR games and experiences. It also uses inside-out tracking, which allows the device to respond visually to users leaning into an experience.Oculus Quest will ship with two handheld controllers, and consumers will be able to access more than 50 VR titles at launch.“This is it,” Zuckerberg said. “This is the all-in-one VR headset that we have been waiting for.” Zuckerberg painted Quest as a key part of Facebook’s plan to get 1 billion people to use VR, a goal that he admitted was still far away.last_img read more

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NJAC Act violates basic structure of Constitution Apex Court told

first_imgA day after Chief Justice of India H L Dattu refused to attend meeting to select two members to the NJAC panel, various Bar bodies on Tuesday told the Supreme Court that the validity of new law on appointment of judges cannot be sustained as it violates “basic structure” of the Constitution.”Basic Structure is violated because the body (National Judicial Appointments Commission-NJAC) sought to be created, does not have the salient features of the body (collegium) substituted,” senior advocate Fali S Nariman, appearing for Supreme Court Advocates on Record Association (SCAORA), told a five-judge Constitution bench headed by Justice J S Khehar. SCAORA, Bar Association of India (BAI) and few others are challenging validity of the National Judicial Appointments Commission Act, 2014 and enabling Constitution (99th amendment) Act 2014.last_img read more

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Heavy rains in Costa Rica catch eye of US National Hurricane Center

first_imgOn Wednesday afternoon, the National Meteorological Institute (IMN) issued a warning for a low pressure system over Costa Rica and Nicaragua that is set to bring heavy rains across the country for the next several days with a chance of developing into a tropical storm.The IMN warned of heavy rains and electrical storms with gusty winds along the Pacific Coast, the Central Valley, Northern Zone and the mountains of the Caribbean during the next two days. These areas could see between 2 and 6 inches of rain by Thursday morning, according to the IMN forecast.The National Hurricane Center was tracking the low pressure system Wednesday but said that the storm was not likely to develop into a tropical depression as it moved overland into Central America.Besides carrying an umbrella with you out the door, the IMN advised keeping an eye out for flash floods and landslides, and taking care when driving with reduced visibility due to fog, especially on Routes 27 and 32 and in the Sarapiquí watershed. In the event of an electrical storm, the IMN recommends seeking shelter in an enclosed, preferably dry area.In case you need reminding of the dangers out there, check out this story from a few weeks ago: Emergency on Route 32 as landslides trap hundreds of motorists on mountainous Costa Rica highway Facebook Comments Related posts:Costa Rica declares national emergency over drought in northwestern province of Guanacaste Light rains in many areas of Costa Rica prompt concerns for next year String of 25 quakes rattles San José, Central Valley Nearly 14,000 sickened banana workers to receive payment for pesticide exposurelast_img read more

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Switzerlandbased OTT videoondemand provider Vie

first_imgSwitzerland-based OTT video-on-demand provider Viewster has struck a deal with FremantleMedia to add 100 hours of programming from six BBC series to its content line-up in the US.Under the content licensing deal, Viewster’s US audience will now have access to shows including Merlin, That Mitchell and Webb Look, and Pulling as well as Australian series Satisfaction.“We’ve found that television series are increasingly becoming our most popular offering,” said Kai Henniges, CEO of Viewster. “This is especially true of series from across the globe that aren’t as easily accessible free and on demand. Our acquisition of content from FremantleMedia bolsters our library significantly.”last_img read more

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CBS and Viacom owner Sumner Redstone has played do

first_imgCBS and Viacom owner Sumner Redstone has played down suggestions to will hand the keys to his empire to daughter Shari, and instead said a decision will be made by a seven-member trust.The 92-year-old mogul has been wrestling with how to lay out succession plans for some time, while several US media reports this week suggested this thinking had been accelerated due to worsening health.However, Redstone released statement saying: “Decisions about who will succeed me as chairman of CBS and Viacom will be made by the boards of the respective companies, and not by any individual. Despite press reports to the contrary, such decisions have not yet been made.He added he remained firmly in charge of US broadcaster CBS and global channels group Viacom. Both are owned by his National Amusements business and are publicly traded on the New York Stock Exchange.“After my death, my ownership interest in the companies will be overseen by a group of seven trustees who will make fiduciary decisions based solely on the best interests of the beneficiaries of the trust,” the statement, which was sent to various New York media outlets, said. “Until that time, I will continue to make all such decisions.“As I have always said, I believe strongly in professional management and appropriate corporate governance.”The companies respective president and CEOs, Leslie Moonves at CBS and Philippe Dauman at Viacom, have been positioning to keep control of their firms after Redstone is no longer in control.Earlier this year it appeared Redstone was eyeing Dauman to run both groups, paving the way for them to re-merge – having been tied together as CBS Paramount until 2005. Furthermore, Dauman will be on the seven-person board that decides the companies’ futures.Moonves, meanwhile, has approached financiers about buying out CBS, which has been the strongerperforming business out of the two in recent years.His daughter, Shari Redstone, currently runs Advancit Capital and is vice chairman of both CBS and Viacom.The news came as CBS posted first quarter 2015 revenues of US$3.5 billion (€3.1 billion), down from the US$3.57billion this period last year. Operating income was US$702 million, compared with US$791 million in 2014.Despite the falls, executive chairman Sumner Redstone said: “There are tremendous opportunities afforded to companies that create premium programming, and Les and his team are capitalising on all of them.“I am confident they have the strategy to keep CBS at the top of its game for many years to come.”last_img read more

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Timothée Vidal Trace is due to launch five themati

first_imgTimothée VidalTrace is due to launch five thematic channels on US over-the-top service YipTV early next year.The carriage deal is for celebrity sport channel Trace Sport Stars, and four music channels – Trace Gospel, Trace Tropical, Trace Toca and Trace Africa.The Trace Gospel agreement marks the channel’s first launch in the US, less than a month after its worldwide premiere.“This carriage deal demonstrates the appetite for multicultural audiences in the US for the Trace channels. The launch of Trace Gospel, a music channel exclusively dedicated to gospel music, also gives a hint about the channel’s potential and positive reception in the U.S., a major market for the gospel music genre,” said Trace vice-president of distribution, Timothée Vidal.YipTV launched earlier this year and targets Hispanics and other multilingual groups in the US with live TV broadcasts from around the world.last_img read more

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In This Issue Fed members talk dovish Do

first_imgIn This Issue. * Fed members talk dovish!. * Dollar is softer ahead of Jobs Jamboree! * Data from around the globe. * A Big Announcement! And Now. Today’s A Pfennig For Your Thoughts. It’s A Jobs Jamboree Friday! Good Day!…  And a Happy Friday to one and all! Another day, another day of me feeling the blahs, but no debacle at dinner, thankfully, as I ate alone last night here, and didn’t go out. I certainly don’t want to have to live with fear that every time I go out I have to leave and go outside for fresh air. So, I’ll just leave that there, and move on, with hopes that I never experience that again. I really overslept this morning. That’s a rare thing for me to do, and that has put me way behind, time-wise, this morning. Who knows, maybe, I’ll still be writing when the Jobs Jamboree begins! Nah. I don’t believe that will happen, but at this point, who knows? HEY! I have a Big Announcement in the FWIW section today, so be sure you don’t skip to the last paragraph from here! Speaking of who knows. Who knows what the BLS has in store for us today? I have my thoughts, of which, you can bet your sweet bippie, I’ll share with you, right here, right now. It’s all a party in the U.S. these days, sure the data prints don’t warrant such a thing, but it’s a party nonetheless, and with that, we have certain expectations for the jobs data. And those expectations are running wild this morning. Yes, I’ve seen the “calls” for this data all over the board with most of the calls being for a very strong report. So, the risk to the dollar and the markets this morning is that the Jobs report isn’t as strong as expected (+240K).  I doubt the BLS will have any of that though! I look for another blow-out month according to the BLS.  Which will kick-start the dollar today, going into the weekend. As of right now, the dollar is backing off its stance this week of kicking tail and taking names later, and the green/peachback is softer right now. Of course, all that will probably change given the BLS’s propensity to ratchet up the jobs numbers with their hedonic adjustments, and whatever voodoo they use.  In Norway and Switzerland this morning, we had CPI prints (consumer inflation), so let’s start there and work our way around the globe this morning, eh? Norwegian inflation remained steady in December, printing at 2.4% year on year. the “experts” were expecting for inflation to inch higher to 2.5%, but in reality, Norway has what every other stupid Central Bank in the world wants. Inflation above 2%!  And having inflation remain above 2%, which happens to be the target rate, should light a fire under the krone traders and spur them to rally the currency, but the traders must have already headed for the pubs this Friday, because so far. nothing, nada, nil, and so on. Switzerland also printed their CPI for December, and their inflation was slightly softer than expected printing at -.3% year on year, VS -.2% consensus. The cross to the euro remains stuck at 1.2010, dangerously close to the floor of 1.20, but for now, it appears no one has the intestinal fortitude to test the Swiss National Bank’s (SNB) claim that they would defend the cross. The late great, Dan Fogelberg has a song playing on the iPod right now called: The Last Nail. I used to play this song on the guitar, I like it that much. But that’s not why I mentioned it. The title of the song: The Last Nail, yes. it reminds me of something here.. What will be the last nail that requires the SNB to defend the cross rate? Aussie Retail Sales for November (Geez Louise that was a long time ago!), were weaker than expected printing at just +.1% VS +.2% expected. With such paltry expectations, I guess the markets didn’t really care that the actual print didn’t meet expectations, because the Aussie dollar (A$) has carved out a gain this morning. In the U.K. this morning, their string of weaker than the average bear economic data prints, continued, as Industrial Production fell -.1% in December, VS calls for +.2%. The weak construction component  was to blame for this weak IP report. But think about this for a minute folks. it took the U.K. about 6 months to work through the eye of their storm, and brought about all kinds of euphoric talk about rate hikes and happy days being there again for the economy, and then the back side of the storm began to show up on the shores, and since then, it’s been one bad economic report after another one, the euphoria is gone, the talk of rate hikes are gone, and the only thing left here is a mountain of debt.  So.. how long will it take for the eye of the storm to move through the U.S.? Yes, leave it to me to talk about the things to come on a day when the Jobs Jamboree will probably have Superman strength. Hey, I look at it like this. that was last month! I would rather keep looking forward!  Speaking of looking forward. Today, one of the biggest doves on the Fed’s roster of members, Evans, is scheduled to speak right after the Jobs Jamboree prints. I expect him to be singing from the same song sheet as the two Fed members who spoke at different venues last night, Kocherlakota and Rosengren, both talked and talked about the need to remain patient with regards to rate hikes.  These talks have played with the markets a little bit overnight, and that’s why the dollar is a bit softer as we head into the Jobs Jamboree. The long dollar position trade just keeps getting more crowded folks. I’m of the opinion that these things work themselves out in the long run, but when you first notice them, it makes it difficult to remain with conviction given what you think should happen doesn’t.. But it will eventually, and the longer it takes to unwind, the larger the unwinding will be. Clear? Probably clear as mud, Chuck! You switch around and lead these people to the water, only to have the stream dried up! You knucklehead! Stop making these people use their noggins to finish your thoughts, do it for them! HAHAHAHAHA!  Yes, the evil twin, Chuck, just got hold of the keyboard. sorry about that! Well, Gold is up a few bucks this morning. Platinum is the best performing metal and Silver is the worst performing this morning, with Palladium somewhere in the middle there. We had a talk the other day about the metals, and I mentioned something that I wrote earlier this week, about how Porter Stansberry, analyst and writer, extraordinaire, said last week that Gold was ready to lift off from its level below $1,200. I had to mention it to the people I was talking to, because apparently they hadn’t read the Pfennig!  HAHAHAHA!  So. the U.S. Data Cupboard had the Consumer Credit data yesterday, and while the debt number didn’t hit $15 Billion, it did hit $14 Billion and. the previous month’s number of $13 Billion was revised up to nearly $16 Billion!!!!  See how that plays so well in the sandbox with the strong Retail Sales in November? And the upward revision to GDP? It’s all about deficit spending once again. do we ever learn anything?  Apparently not! So, today’s Jobs Jamboree, as I said above is expecting a print of 240,000, with the Unemployment Rate slipping to 5.7% from 5.8%…  And again, I’ll tell you that if it were just me, I would drop reporting this data like a bad habit!  It’s all smoke and mirrors to me, with surveys and adjustments to soothe out the numbers. But, it’s a Big Deal in the markets, so here I am playing Jobs Jockey. And I love doing it so much!  NOT! For What It’s Worth. Here’s the BIG Announcement I told you about above. I kept hinting at the end of the year that there were going to be some Big Changes coming in the New Year, and so, with no further ado, here’s Frank Trotter. Alright friends, you have seen the heavy groups, now you will see morning maniac music. Believe me, yeah. It’s a new dawn.” – Grace Slick The New Year always feels fresh, like that new dawn.  This makes no sense of course. It¹s just another day.  But like the start of a new semester, marriage, season, birth, death or other event we mentally note the time and place and forge ahead.  Semisonic sings that “Every new beginning comes from some other beginning’s end.”  And so it is with some of us here at EverBank. For me, that some other beginning has been as some form of President of everBank.com, EverBank or EverBank Direct (a division of EverBank) for the past fifteen years.   I am very excited to announce that I will return to my home base in 2015 as Chairman of EverBank Global Markets which incorporates our investing oriented businesses: World Markets, EverBank Wealth Management, and EverTrade Direct Brokerage. In addition I’ll be spending a significant amount of my time in expanding the commentary and resources for clients at EverBank.  This is just taking shape now but we plan to broaden the actionable analysis we provide to you well beyond our cornerstone Pfennig and Review and Focus. Speaking of the Pfennig, joining me in this will be my longtime colleague (34 years) and the oracle of the Daily Pfennig for almost 23 years, Chuck Butler.  Chuck has become Managing Director of Global Markets and we will be working closely together to expand the reach and insights offered by EverBank.  Of course Chuck still has the ‘con’ on the Pfennig and you’ll see his great thoughts every weekday as usual- and maybe even more. Finally, Chris Gaffney will take over as President of EverBank World Markets.  Chris was the first person to join me full time at Mark Twain Banks after we created the WorldCurrency® family of deposits and has been a senior executive with this group for most of the past twenty years. Many if not most of you know Chris or have spoken with him during his long tenure as a team leader.  If you read the Wall Street Journal or many other publications you’ve also seen him there several times a week. After the Grace Slick introduction Jefferson Airplane broke into ‘Revolution’, their 60’s era anthem.  I’m not quite sure we have a full revolution in place here, but I do think that the New Dawn will bring a lot of new opportunities for you to consider. And so, back to your regularly scheduled broadcast, yet another excellent Daily Pfennig. Chuck again: I think this will be a lot of fun and allow me to give even more time and energy to interpreting the global marketplace.  Frank and I will partner together to bring more information about everything that goes into life and investments. We call it EverBank Insights! I can’t begin to tell you how excited I am to be working with Frank in this new challenging endeavor. To recap. The dollar is softer today ahead of the Jobs Jamboree which is expected to be strong again with a 240,000 jobs gain for December. Kocherlakota and Rosengren talked last night and showed their true dove colors, which I believe has the dollar softer this morning, as they talked about the need to be patient with regards to rate hikes. Switzerland, Australia, U.K. and Norway all printed data this morning, and while most of it was weaker than expected, the expectations are so muted right now, the markets are looking past these prints. And Gold is up a couple of bucks this morning. Nothing to get too excited about, and Chuck’s evil twin got hold of the keyboard this morning. Currencies today 1/9/15. American Style: A$ .8135, kiwi .7810, C$ .8450, euro 1.1815, sterling 1.5145, Swiss $ .9840 ,.  European Style: rand 11.5740, krone 7.6625, SEK 8.0445, forint 268.65, zloty 3.6200, koruna 23.6960, RUB 61.37, yen 119.25, sing 1.3370, HKD 7.7535, INR 62.32, China 6.1296, pesos 14.66, BRL 2.6665, Dollar Index 92.13, Oil $48.78, 10-year 2.00%, Silver $16.31, Platinum $1,221.00, Palladium $793.85, and Gold. $1,212.24 That’s it for today. Well. How about those changes here at EverBank? I can still call Frank “the Big Boss” because he’s still my boss! I had changed my signature on emails the first of the year, as I was no longer the President of EverBank World Markets, the division that I had guided for 15 years, but not one person caught the change of the title. That was good, because I wasn’t able to discuss the change until now. So, there are more things to talk about that are still to come, so stay tuned same bat time, same bat channel!  Stevie Wonder’s song: I Wish, is playing on the iPod, talk about a movin, and grovin song! His album which this song is from was titled: Songs in the key of life. I owned that album and played it over and over again, back in 1976 when it first came out! I was 3 years removed from having long hair, and playing my guitar in a band. I was all cleaned up and running the margin department at a regional brokerage house, was about to get married, and I drove a 1970 Cadillac Eldorado that was crème de la crème. That was a long time ago, eh? Nearly 40 years. Where did the years go? Can you recall what you were doing in 1976?  Well, if I’m going to beat the Jobs Jamboree print, I had better get off this bus right here! I hope you can make this a Fantastico Friday! Chuck Butler President EverBank World Marketslast_img read more

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