Photo by Tristan Tamayo/ INQUIRER.netLUCENA — Despite Meralco’s eight-day layoff, coach Norman Black refused to blame rust for his side’s lackluster showing in the PBA Governors’ Cup Finals Game 1 on Friday.“We got outplayed tonight. It didn’t have to do anything with rust. I think we had three more days of rest than they had so I don’t see a big deal as far as that’s concerned,” said Black after the 102-87 loss to Ginebra in the series opener.ADVERTISEMENT Nonong Araneta re-elected as PFF president Frontrow holds fun run to raise funds for young cancer patients “Going into Game 2, we have to make sure we get good looks with the basket.”Game 2 is on Sunday at Smart Araneta Coliseum. MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa Typhoon Kammuri accelerates, gains strength en route to PH But Black knows exactly where things went downhill for the Bolts.READ: Keys to Victory: Ginebra-Meralco Finals seriesFEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“We shot poorly from the perimeter today,” he said. “Uncharacteristically, we took so many three-point shots. I think we took about 35 and we only average 21 a game. We give them credit for the defense at the same time, it was bad shot selections on our part.”What caused Meralco’s first quarter downfall was its measly 2-of-17 shooting from three as Ginebra established control early and took a 49-35 halftime lead. View comments Brace for potentially devastating typhoon approaching PH – NDRRMC Fire hits houses in Mandaluyong City Read Next One final huddle: Beth Celis, 73 LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Though the Bolts were able to hit those three-pointers in their third quarter rally, their 8-of-24 sniping, which translates to 24-percent, was still way below their average of 37 percent, a league-best.READ: Ginebra ousts TNT, faces Meralco in PBA Finals rematchBlack reminded his wards to be more intelligent in their shot selections, saying that just because the Gin Kings’ defense are giving them space to shoot a three, it doesn’t mean that they should always go for it.“They’re sagging, but you don’t have to take three-point shots because they’re sagging. Ginebra continues to make the extra pass and get a little bit closer to the basket. We can actually do the same thing. We’ve been doing that the entire conference long and I have no idea why we mixed it up into shooting a lot of threes,” he said.READ: ‘No favorite, no underdog’ in Ginebra-Meralco series, says Tenorio ADVERTISEMENT LATEST STORIES Don’t miss out on the latest news and information. BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight
Liverpool boss Klopp praises emergency centre-half Fabinho for Brighton winby Paul Vegas9 months agoSend to a friendShare the loveLiverpool boss Jurgen Klopp was delighted with stand-in centre-half Fabinho for victory at Brighton.Mohamed Salah struck his 14th league goal of the season from the penalty spot as the off-kilter Reds stretched their top-flight advantage over Manchester City back to seven points.Fabinho’s assured showing as an emergency centre-back waskey, especially with Joel Matip working back to fitness. Klopp said, “He’s a brilliant player and I was happy he could play today. It’s not that Brighton had one attack after the other – we had the ball most of the time so it makes sense to have a good footballer in that position. “Brighton tried a little bit to bring the long balls to Murray and around him, which they did, by the way, against Joe Gomez in the home game as well. But he did well in these situations and with the ball. He has a defending brain and can do that in different positions. It’s good.” About the authorPaul VegasShare the loveHave your say
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Heurelho Gomes happy to have played on with Watford this seasonby Paul Vegas9 days agoSend to a friendShare the loveHeurelho Gomes is happy to have played on with Watford this season.The Brazilian goalkeeper claimed he was 99 per cent certain he would be hanging up his gloves at the end of last season, but that the Hornets convinced him otherwise.He told Voetbal Primeur, “Last year I was sure that I was going to stop.”Not because I was not fit anymore, but because I was mentally tired. We reached the cup final against Manchester City, but we lost it. I had it again the hunger to play. If I had to go to another club, I would have stopped. Watford said: no, we want you to stay longer.”
APTN National NewsA northern Ontario First Nation continues to push for the reopening of a bridge that’s been closed for over two years.CN Rail has not fixed the bridge since it caught fire. That’s left Fort William First Nation with only one other access point.APTN’s Dennis Ward has this story.
Ohio State football sophomore cornerback Dominic Clarke will not travel with the Buckeyes for Saturday’s game at Illinois after being arrested Sunday and charged with disorderly conduct during an on-campus incident involving what a witness described as a “compressed air” gun. An OSU student called the university police department and said that three black males were sitting on top of the roof of Marketplace, a campus eatery, “firing a paintball gun down at people.” The student said he looked out his window and saw the men on the roof. “I can’t totally tell if it’s an Airsoft or a paintball, but it’s using compressed air,” the student said. The OSU police department report identified Clarke, as well as football freshman offensive lineman Chris Carter and men’s basketball freshman Sam Thompson. Both Carter and Thompson gave statements to police but were not arrested. In an email to The Lantern, OSU football spokesman Jerry Emig confirmed that Clarke would be suspended. “The individual was involved in a university rules violation,” Emig said in an email. “The issue is currently going through the university process, and head coach Luke Fickell has announced that he will not be traveling with the team to Illinois this weekend.” Basketball team spokesman Dan Wallenberg said in an email, “We have no issues with any basketball student athletes.” The police report said that the incident is still under investigation.
KUSI Newsroom, Posted: April 11, 2019 April 11, 2019 UCSD researches find method for treating certain chronic inflammatory diseases in mice study Categories: Local San Diego News FacebookTwitter KUSI Newsroom SAN DIEGO (KUSI) – A group of researchers, including almost a dozen from UC San Diego, announced today that they may have found a method of treating certain chronic inflammatory diseases by disposing of damaged mitochondria, the powerhouse of the cell.Inflammation is a natural biological response to eliminate foreign irritants in the body, but can harm healthy cells when not kept in check.Inflammation is generally regulated in the body by a molecule called the NLRP3 inflammasome, which triggers an inflammatory response when a cell’s mitochondria is damaged or attacked.Overactive NLRP3 inflammasomes can lead to certain inflammatory diseases like gout, osteoarthritis and fatty liver disease. In a study of mice, UCSD researchers were able to circumvent this issue by using an enzyme inhibitor to force cells to begin their waste removal process, mitophagy, to eliminate damaged mitochondria before a cells’ NLRP3 inflammasome can be activated.The researchers published their study in today’s issues of the journal Cell Metabolism. Their previous research also revealed that damaged mitochondria trigger NLRP3 inflammasome response.“After that, we wondered if we could reduce harmful excess inflammation by intentionally inducing mitophagy, which would eliminate damaged mitochondria and should in turn pre-emptively inhibit NLRP3 inflammasome activation,” said pharmacology and pathology professor Michael Karin, the study’s senior author. “But at the time we didn’t have a good way to induce mitophagy.”The enzyme treatment reduced the mice’s acute inflammation, caused by uric acid, and reversed inflammation associated with a genetic disorder known as Muckle-Well Syndrome.The researchers found that the enzyme treatment works to quell the release of two pro-inflammatory molecules, interleukin-1 beta and interleukin-18. Some drugs that are currently on the market can block IL-1 beta but not IL-18, but the use of the enzyme inhibitor blocked both.“There are several diseases, including lupus and osteoarthritis, whose treatment likely will require dual inhibition of both IL-1 (beta) and IL-18,” Karin said.Karin, first author Elsa Sanchez-Lopez and researchers from UCSD, completed the study with researchers from the University of Texas at Austin and the Hospital Universitario Fuenlabrada in Madrid, Spain.
Hardik Pandya, Krystle D’SouzaInstagramAfter treating Mumbai Indians a Super Over win against Sunrisers Hyderabad with his hard-hitting knock, Hardik Pandya was seen having a great time with TV actress Krystle D’Souza last night.The actress took to Instagram to post a picture wherein both Krystle and Hardik Pandya were seen flashing smiles to the camera. They were twinning in black and looked happy together. Sharing the beautiful moment with Hardik on her timeline, Krystle wrote on Instagram, “Mere Bhai Jaisa Koi Hard ich Nahi Hai” followed by a hastag #BrotherFromAnotherMother.On Thursday, Krystle was present at the Wankhede Stadium to witness the nail-biting IPL match against Mumbai Indians and Sunrisers Hyderabad followed by the Super Over. “What an enthralling experience! My First ever Live IPL match ! I got a chance to experience a crazyyyyy ‘super over’ followed by a crazier win by my favourites MUMBAI INDIANS,” She wrote on Instagram sharing her picture wearing her customised Mumbai Indians T-shirt with her initials printed on it.SRH’s Manish Pandey had kept MI players on their toes while chasing a 163-run target. Hitting the ball into the stands, Pandey’s sixer on the last ball of the innings tied the scores pushing the team to contest to a Super Over.However, Hyderabad could only manage eight runs before Mumbai overhauled the target with ease and three balls to spare. And it was Jasprit Bumrah’s impressive tight over and Hardik Pandya’s power-hittings that sailed MI through the Super Over to the victory.Mumbai Indians (MI) have now become the third IPL team to qualify for the playoffs.
Kolkata: The Central Bureau of Investigation (CBI) conducted raids at different places in the state on Friday, in connection with a chit fund case of the ATM Group.Raids have been conducted at nine places, including the offices and residences of the Chief Managing Director (CMD) and other directors of the group.A case was registered in this connection on June 6 in 2017 under various sections of the Indian Penal Code (IPC). The case had started on charges of criminal breach of trust (406 IPC), cheating and dishonestly inducing delivery of property (420 IPC), 120 B (criminal conspiracy), for voluntarily causing hurt (323 IPC), criminal intimidation (506 IPC) and acts done by several persons in furtherance of common intention (34 IPC). Also Read – Rain batters Kolkata, cripples normal lifeThe central investigating agency had initiated a probe following the Supreme Court’s order.Teams comprising CBI officers went to nine different places to conduct raids and several incriminating documents were seized.After preliminary investigation, CBI officers have come to know that the group had collected around Rs 4 to Rs 5 crore through different chit fund schemes.The modus operandi of the group was quite similar to that of other chit fund groups. Investigation has revealed that the group had assured high rate of return to collect money from people. But the investors have not got back their money and the invested amount has been allegedly misappropriated.Officers of the investigating agency have seized several documents during the raid and they will be going through the same to get more information about the group.It may be mentioned that the probe into all the chit fund cases have recently started gaining momentum and officers of the central investigating agency have conducted raids in connection with several chit fund cases in the past few weeks.
Kolkata: Mystery shrouds the death of a doctor who was declared brought dead at SSKM Hospital on Sunday.The victim, identified as Saswata Hira (34), who was attached to Ramrik Das Haralalka Hospital (RDHH), an annex unit of SSKM Hospital, was found unconscious at RDHH on Sunday morning.He was taken to SSKM Hospital by the staff where Hira was declared brought dead.It was learnt that Hira had a night shift at the ICU of RDHH on Saturday.According to hospital sources, he was there at the ICU till 2 am on Saturday night. He was absolutely fine when the staff last saw him. Also Read – Rain batters Kolkata, cripples normal lifeOn Sunday morning, some staff spotted Hira lying unconscious inside the hospital campus.He was immediately taken to SSKM Hospital where he was declared brought dead.According to SSKM and RDHH, the cause of his death will only be confirmed after his post-mortem report is available.According to the sources at RDHH, the victim doctor had been suffering from mental depression due to some family problems.He had been under medication for his ailments.A section of the hospital staff suspects that he might have fallen inside the doctors’ room and this might have led to his death. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedPolice have already started a probe in this regard. They are investigating if the victim had committed suicide following mental depression.Cops are also suspecting that the doctor might have administered an injection to commit suicide.They are interrogating others doctors, nurses of the hospital and also the family members of the victim in this connection so far.The investigation officers are waiting for the post-mortem report which might throw some light on the nature of his death.Police are also looking into if there was any foul play behind the death of the doctor.
Kolkata: In recent times, Indian Railways has given special attention towards rescue of runaway and trafficked children. RPF/Eastern Railway has also taken this issue very seriously, putting all sincere efforts in this direction.On-duty RPF staff are keeping constant surveillance in stations as well as trains to detect runaway or trafficked children. In 2018, a total of 922 children (540 girls and 382 boys) have been rescued. Out of them, 471 children have been handed over to their respective parents, 427 have been handed over to concerned NGOs and 24 have been handed over to the police for rehabilitation under proper documentation.
The House Education Reform Committee, chaired by state Rep. Tim Kelly, today approved a landmark plan to better prepare new teachers for Michigan classrooms.The legislative package includes two bills sponsored by Kelly.“When we’re not putting new teachers in a position to succeed, we’re also shortchanging the students in that classroom – that’s what this plan seeks to correct,” said Kelly, of Saginaw Township. “We need to have our teacher prep institutions properly preparing its graduates for the challenges of education today and in the future. At the same time, we need to be smarter with our certification of our educators and get input from our most experienced teachers. Michigan is counting on better educational results and we have to get teachers prepared to lead the way.”Kelly’s legislation will establish a master teacher corps through the state Department of Education to help provide professional development, assist low performing schools and to serve as input for new educational programs or issues. His second bill will stipulate an elementary level teaching certificate only be allowed to student teachers who have completed 12 credits of reading instruction.The teacher prep plan will also:Require classroom management instruction and student teaching experience in multiple environments, such as rural and urban districts, while also familiarizing the student teacher with their district’s evaluation methods, local data to help craft instruction and classroom management;Require that full-time faculty at the teacher prep institution complete at least 30 hours of continuing education annually in order to be certified as a teacher preparation program;Set a standard that student teachers complete at least 400 hours of classroom experience during their preparation program, in addition to the college coursework;“This is about students and educational growth in the classroom,” Kelly said. “This plan will drive improvement – in our college education programs, local school districts and Michigan as a whole.”The legislative package advances to the House for its consideration.##### Categories: Kelly News,News 22Mar Kelly, education panel approves new teacher prep legislation
19Apr Rep. Kahle welcomes guest to Capitol during Arts Advocacy Day PHOTO INFORMATION: State Rep. Bronna Kahle of Adrian welcomed Alison Carpenter to the Capitol during Arts Advocacy Day. Alison, an Eastern Michigan student and Adrian High School graduate, stressed the importance of arts and the creative industries for thriving communities in Michigan. Categories: Kahle News
Hurricanes are scary, but they’re also infrequent; a lot of the risks that come with them are just not that big a deal if you use a little common sense. We used to live on the beach in Pensacola, Florida. When a hurricane came into the Gulf of Mexico, we’d check the government’s National Hurricane Center website and look at computer models projecting the probability – with some real accuracy – that our home would be a target. On two occasions we piled the pets and a few valuables into the van and headed to Atlanta for 4-5 days, until the threat was over. The last time, we had to park 50 yards from our home when we returned, and wade back to our house. Luckily we built it high enough to keep the rising tide from flooding the first floor. Unfortunately our rural mailbox was full of water and soggy mail. Not too long after that, we decided our “dream home” wasn’t quite what we’d thought it would be, and we moved on.There’s More to the Picture than Actuarial Risk “Risk” isn’t such a simple term to define, and the probability figures some actuary puts in a chart are not the whole picture. Assessing risk is very personal – there’s more to it than the probability of some bad event occurring. You should also consider: how much advance warning you have to prepare; what’s the potential catastrophe; how would the worst-case scenario affect you and your family; and – perhaps more importantly – what would it take to recover physically, financially, and emotionally? As you move along the path of life, the issue of recovery becomes quite different. Being totally wiped out and penniless at age 25 is much different than being in the same situation at age 45, or even age 75. When you move into retirement mode, weather-related risks seem manageable. You actually listen to the tornado warnings, hurricane warnings, and maybe even the less-accurate announcements about seismic activity, and take reasonable precautions to protect yourself. Our government spends your tax dollars playing a modern-day Paul Revere, always shouting about some catastrophe on the horizon.The National Weather Service Doesn’t Track Inflation But what happens when there is no warning? I imagine many folks who lost everything in the 1929 stock-market crash would have described it just like that. What if the catastrophe is of the sort that occurs so rarely that no one can clearly remember the last time it happened or how folks dealt with it? Let me give you an example. A couple of years ago, if you’d asked me to define the word “hyperinflation,” I would likely have said it was really bad inflation – probably more than 10% – and it affects your buying power. I can recall my grandparents discussing the Great Depression, including how my stepfather couldn’t find a job and made his money playing softball until he joined the Army. I don’t recall inflation, much less hyperinflation, ever being part of the conversation. In the fall of 2011, I went to a Casey Research conference in Phoenix. There were three gentlemen – one from Austria, one from Argentina, and another from Zimbabwe – there to speak about hyperinflation. Each had lived through it in his country, and they spoke about inflation rates quantified in the thousands of percent. In all three cases inflation seemed to be going along at a reasonable level, and then it shot straight up in the air. Inflation rates zoomed from 5-10% to 2,000% or more, almost without warning. All three indicated that seniors and savers were virtually wiped out. Their life savings, denominated in the currency of their respective countries, became worthless overnight. Many became penniless, homeless, and hungry… certainly not a pretty picture. The gentleman from Austria put up a chart that read: “On average prices doubled every 1.4 days.” At the time, a friend of mine had a $100,000 CD that had matured, and she was considering renewing it for another five years at a very low interest rate. She and I calculated that if her $100,000 CD was hit with that type of hyperinflation, it would take less than 29 days for its buying power to drop below $1.00. The thought of losing your life savings when you’re retired, or even just close to retirement age, is frightening. I decided to apply my personal checklist for assessing risk to hyperinflation. First, what’s the probability hyperinflation will hit us at home? If you read a few newsletters, you probably already know that our government is printing trillions of dollars at an unprecedented rate. I recently read in the Wall Street Journal that 61% of our Treasury bonds auctioned off were bought by the Federal Reserve in 2011. Our government is spending lots of money it doesn’t have. Recklessly printing money on a printing press is supposed to cause both inflation and hyperinflation, isn’t it? But can anyone assess the true probability of hyperinflation? As an investor who subscribes to many newsletters, I’ve read of experts who insist there’s a 100% probability – not a matter of “if,” just a matter of “when” – and others who think we’ll weather the storm with little damage. Okay, will you receive enough warning about hyperinflation to leave you time to prepare? In Argentina, the government publishes “official” inflation figures. I understand it recently passed a law to penalize anyone who publishes statistical data in conflict with the “official” numbers. Here in the US, our “official” numbers are published by the Bureau of Labor Statistics (BLS) and then repeated by almost every news outlet in America and many beyond. John Williams, who runs the website Shadow Government Statistics, sees things differently. He points out the fact that the government has changed its method of calculation many times over the years, so the official inflation rate is likely less factual than you’ve been told to think. Every reader should form his own conclusions, but I urge you to look over his website. The government has a huge financial incentive to underreport inflation. The figures it publishes affects interest rates on many government securities and the amount it pays to government retirees. Plus, a higher inflation rate increases what’s paid to Social Security recipients. The National Weather Service may give as much advance warning as possible about potential weather disasters, but the BLS isn’t so diligent – nor accurate – when it comes to catastrophic economic disasters.Playing Semi-Pro Ball Is No Longer an Option My final questions on my risk checklist all tie together. What’s the worst-case scenario for hyperinflation, and how would it affect you and your family? What would it take to recover physically, financially, and emotionally? If an economic catastrophe had hit when I was in my 20s, much like my stepfather, I probably would have played semi-pro softball and found some other way to earn some money. He survived, and I would have too. On the other hand, as a senior citizen, hyperinflation would paint a much more challenging picture. I don’t want to lose everything and have to start over. I started over financially in my late 40s, and it was tough enough then, even though I had marketable skills and was in my peak earning years. From a risk-analysis standpoint, the real key for retirees and those closing in on retirement is to be as prepared as possible in case hyperinflation becomes a reality here at home. While the probability of hyperinflation may be up for debate, the adverse consequences for baby boomers and retirees if it hits are terrifying. Like many in Argentina, Austria, and Zimbabwe, being totally wiped out is a real possibility. With every investment I make these days, I factor in the potential for hyperinflation. While no one can accurately predict the probability or timing of hyperinflation, the terrible consequences it will have on many seniors and savers are certain.On the Lighter Side A young man sent me a note a few years ago to thank me for a discussion we’d had. He wrote: The difference between school and life: In school you are taught a lesson and then given a test. In life you are given a test that teaches you a lesson. —- Hurricane Isaac thumped the Florida Keys pretty hard. That’s one of our favorite places – our SSR group hosts its November rally there. Hopefully business will be back to normal by then. —- And finally, apparently my remarks about the perks of reaching 70 hit home for a few readers. A friend suggested another: “You no longer look at speed limits as a challenge.” Until next week…
It was almost the same chart pattern for the silver equities—and Nick Laird’s Intraday Silver Sentiment Index closed down 0.77%. Silver is miles below any moving average of consequence It was a very quiet trading day in gold on Tuesday, both from a price and volume perspective. Both tiny rallies prior to the New York open got put in their place before they could get far—and the price action in New York was almost ruler flat. The highs and lows aren’t worth looking up. Gold finished the day at $1,307.90 spot, down $1.80 on the day. Net volume was extremely light at only 80,000 contracts. The silver price action was slightly more volatile—getting sold down to its low of the day around noon Hong Kong time and, like gold, the two subsequent rallies got dealt with in the same old way. New York trading was basically flat, although some thoughtful trader sold the silver price down in electronic trading just enough so that it finished down on the day as well. The CME Group recorded the low and high price ticks as $19.505 and $19.715 in the July contract. These number don’t quite jibe with the KItco spot silver chart below, but they are what they are. Silver finished the Tuesday trading session in New York at $19.55 spot, down 3.5 cents from Monday’s close. Volume, net of May and June, was pretty decent at 32,500 contracts, so it’s obvious that JPMorgan et al had to throw some Comex paper at the price in London trading to get the price to behave. And as I prepare to fire this out the door to Stowe, Vermont—I see that there were smallish rally attempts in both gold and silver that got dealt with in the usual manner within an hour or so of the London open. Gold volume [net] is now up to 27,000 contracts—and silver’s volume is a hair above 8,200 contracts, a 60% increase in volume since I reported on it 90 minutes ago. Obviously JPMorgan et al had to step in front of this silver rally as sellers of last resort to prevent the price from blowing sky high, which it would have done with ease if they hadn’t put in an appearance when they did. The dollar index hasn’t done a thing up to this point in the Wednesday trading session. Like I said yesterday—and it applies once more today—it’s obvious that “da boyz” are holding gold and silver prices on a short leash. How long they can continue this state of affairs is unknown, but in the face of Ted Butler’s “locked and loaded” scenario—and the continuing situation in Ukraine, it’s difficult to envision that this intolerable situation can last much longer. Of course I and others have been saying this for years—and only time will tell if this current situation is any different. I’m done for the day—and I’ll see you here tomorrow. Sponsor Advertisement I have the usual number of stories for a mid-week column—and the final edit is all yours. You can always count on Americans to do the right thing—after they’ve tried everything else. – Winston Churchill It was a nothing sort of day yesterday, except for the fact that both gold and silver attempted to rally during the decline in the dollar index—and it was equally as obvious that the sellers of last resort were there to ensure that it didn’t occur. And with volume as light as it was, it wasn’t hard for anyone with an agenda to shove precious metal prices in whatever direction they wished—and we saw some of that happening yesterday between 2 a.m. and 8:20 a.m. EDT. As I mentioned in yesterday’s column, the cut-off for this Friday’s Commitment of Traders Report occurred at the 1:30 p.m. EDT close of Comex trading on Tuesday. Just glancing at the gold and silver charts for the 5-day reporting week, I’d guess that we’ll see an increase in the Commercial net short positions in both metals when the report comes out on Friday, as there were significant rallies in both metals the previous Friday that negated any possible improvements—unless, of course, the rally was short covering by JPMorgan et al—which I highly doubt. Here are the 6-month gold and silver charts as of Tuesday’s close—and you can see the prior five days worth of price action that this Friday’s COT Report will be based. The gold stocks opened in positive territory for a few brief moments before heading quietly lower for the remainder of the Tuesday session—and they finished almost on their lows of the day, as the HUI closed down 0.69%. Both platinum and palladium had price roller coaster rides of sorts, but in the end, their gains were tiny, as all rally attempts were met by a seller of last resort as well. Here are the charts. The gold price is now above its 200-day moving average, but “da boyz” halted the budding rally at that point—and I’ll be very surprised, based on the low volumes lately, if the price is allowed to get above the 50-day moving average. Silver is miles below any moving average of consequence—and until it does rally above them, or the moving averages decline below the current price, there won’t be much pressure from the technical funds to rush out and cover the grotesque short positions they currently hold. In Far East trading on their Wednesday, the smallish rallies that developed in both gold and silver haven’t amounted to much—and like Tuesday, the volumes are so light that the current price action really doesn’t mean much. London has been open about 40 minutes as I type this paragraph—and net volume in gold is just under 20,000 contracts, and silver’s volume is a hair over 5,000 contracts. Here’s another chart that Nick slid into my in-box late last night. It’s the “Total PMs Pool” graph—and as you can see, it’s been chopping more or less sideways since it peaked in February of 2013. I’m sure that the powers that be would like it to remain that way, as big rallies in all four precious metals would mean that metal would be pouring into all the associated ETFs, which is a situation that would put JPMorgan et al under even greater stress than they are now—especially in silver, platinum and palladium, as there’s virtually no wiggle room in the physical supply of these metals. The dollar index closed in New York late on Monday afternoon at 79.50—and held reasonably steady until around 2 p.m. Hong Kong time on Tuesday. From that point the index fell rapidly to its 79.07 low at 8:20 a.m. EDT before a “bargain hunters” shows up to stop its fall. After that it gained a handful of basis points into the close. The index finished the day at 79.14—which was down 36 points. It was obvious that the early rallies in both gold and silver were most likely in response to the move in the dollar index—and that the not for profit selling was designed to prevent the correlation from occurring. It that was the plan, it worked to perfection. The CME’s Daily Delivery Report showed that 3 gold and 60 silver contracts were posted for delivery within the Comex-approved depositories on Thursday. The only short/issuer of note in silver was Jefferies with 57 contracts—and they were stopped/received by about ten different companies. The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in GLD—and as of 9:35 p.m. EDT there were no changed in SLV, either. [But when I checked at 3:55 a.m. EDT this morning, there was a withdrawal of 1,921,700 troy ounces showing on the ishares.com Internet site—Ted Butler’s “large buyer” avoiding the SEC’s reporting requirements, perhaps?] In my chat with Ted yesterday, his comment on the big deposit in SLV on Monday was that it was in response to the price run-up on Friday—and that the silver deposited was probably already sitting in-house, but not under the control of SLV directly, but was being temporarily held in SLV’s warehouse in the case of such an eventuality—as there was absolutely no way that 2.6 million ounces could be shipped in over the weekend from anywhere. Based on that, Ted also wondered how much more silver like that might be sitting around SLV’s warehouse for just such a purpose. Ted posts his mid-week commentary to his paying subscribers later today—and if he has anything to say about this new 1.92 million ounce withdrawal, I’ll borrow it for my Thursday column. The U.S. Mint had a sales report yesterday. They sold 1,500 troy ounces of gold eagles—1,000 one-ounce 24K gold buffaloes—and 532,500 silver eagles. Over at the Comex-approved depositories on Monday, they reported receiving 31,905 troy ounces of gold—and it all went into the HSBC USA warehouse—along with with 110,000 troy ounces of gold they received on Friday. The link to that activity is here. In silver, there was a big 1,019,085 troy ounce deposit into Canada’s Scotiabank depository—and only 998 troy ounces were shipped out. The link to that action is here. Here are a couple of charts that Nick sent my way last night. They are the intraday price movements for both gold and silver for the month of April. Nick takes every 2-minute tick from each day—and adds it to the same 2-minute tick from each trading day of the month—and when he averages them out, the gold and silver intraday price movements show up as posted below. It shows the times of the day each day, on average, where “da boyz” show up to lean on the price in both metals. Sometimes its hard to spot the pattern on a daily basis, but when averaged out like this, it’s impossible for JPMorgan et al to cover their tracks. Both charts are worth a few minutes of your time—and I thank Nick for sharing them with us. Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas. As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, firstname.lastname@example.org.
New funding of more than £1.5 million is set to deliver an international extension to a disability arts commissioning programme that grew out of London 2012, and help influence how disabled people are perceived in other countries.Unlimited has secured more than £750,000 from Arts Council England – which will be matched by the British Council – to extend its work internationally.The new Unlimited International programme will make six research and development awards to disabled artists, and then select three of them to become full commissions, each led by disabled artists from England and one other country.The completed works are set to tour at least three countries, which are likely to include Brazil, Australia and Japan, as well as in Europe.The new scheme – which will be overseen by the disability-led arts organisation Shape Arts and arts producing experts Arts Admin – aims to help disabled artists from other countries improve their skills.But it also aims to shift perceptions of disabled people, and build on Unlimited’s existing work to ensure disabled artists have the same opportunities as non-disabled artists, “embedding” them within the cultural sector.Unlimited was built on a successful programme which saw 29 pieces by disabled artists showcased during the London 2012 Cultural Olympiad.In the lead-up to the commissioning process, disabled artists from Brazil, Japan and Australia will tour Britain, probably appearing at Unlimited festivals at London’s Southbank Centre and Glasgow’s Tramway, and other venues across the country.The tour will also be supported by the British Council; the Pallant House art gallery in West Sussex; the disability, music and technology charity Drake Music; and the Watershed arts centre in Bristol.Tony Heaton, chief executive of Shape, told Disability News Service: “It’s a great achievement that Shape and Unlimited are now working globally and as far-reaching as Brazil, Australia and Japan.“We in the UK should be very proud that the home-grown disability arts movement that started a quarter century ago is having such a huge impact in 2016, and the international presence of disabled artists will help further our mission to make art accessible for all.“However, we recognise that rapid growth requires a more complex infrastructure and greater resources, so the ongoing support from funders is vital for us to continue our work.”Joyce Wilson, London area director for Arts Council England, said: “Unlimited continues to respond to the very high demand for ambitious new work by Deaf and disabled artists.“The commissioned works and associated Southbank Unlimited Festival are proving instrumental in shifting the attitudes of not only venues, programmers and producers but also audiences.“Unlimited International offers significant scope to grow this impact worldwide, delivering demonstrable change and extending the international profile of British Deaf and disabled artists.”Picture: A previous Unlimited commission: Liz Carr’s ‘Assisted Suicide: The Musical’
The government is refusing to act over claims that a primary school excluded up to 30 pupils – many of them disabled – to smooth its path to becoming a self-governing “academy”. Nonsuch primary in Birmingham moved from local authority control to become an academy in January, but now faces allegations that it excluded pupils in order to improve its performance and so make the move to academy status easier.At the time of its last Ofsted report, in 2012, the school (pictured) had just 193 children between the ages of four and 11, so it may have excluded more than 15 per cent of its students in a bid to become an academy.The council has admitted that 90 per cent of fixed-term – temporary – exclusions from the school in the 2014-15 academic year were children with special educational needs (SEN).The trust that now runs the school, the Barchelai Academy Trust, has launched an independent investigation into the way Nonsuch treats pupils with SEN.Cllr John Lines, a Conservative city councillor whose ward includes the school and who has played a key role in exposing the exclusions, said he believed Nonsuch primary had been engaged in a “dash for cash and academy status”, and branded its actions “an utter disgrace”.He has collected the names and addresses of about 30 pupils who have been excluded either temporarily or permanently from the school over the last 18 months, and said he had seen many of their parents in tears over what had happened.He said: “I have been on the council for 33 years and I have never experienced anything quite like it.“Some of the disabled children are still not receiving an education. It is discrimination of the worst kind.”He has written to the education secretary, Nicky Morgan, and Ofsted, about his concerns.And he said he did not care if raising these concerns made him unpopular within his own party.Morgan said in a white paper published last month that the government wanted every school to be an academy – and therefore outside direct local authority control – by 2022.Cllr Lines said: “All I care about is that my constituents’ children get a good education. If that makes me unpopular with my own party, I don’t give a damn.”But he also criticised Labour-run Birmingham City Council for failing to act on the exclusions when the school was still under local authority control.He said: “The education department in Birmingham abandoned these children, many of them disabled, to their fate.“Now they say they can’t do anything about it because it’s an academy. But it wasn’t an academy when this was going on.”Peter French, Barchelai’s chair, admitted that there had “clearly been issues at that school” around the way it dealt with disabled pupils – before the trust took over in January – and suggested that “some of the paperwork and processes were not done as well as they could have been done”.But he said it was “not true at all” that the school had carried out the exclusions to smooth its path to becoming an academy, although he conceded that the investigation would look at those claims.French said that no children had been excluded since the trust took over in January.And he said the trust had installed a new SEN co-ordinator to “try to make sure all the proper procedures are being done and the appropriate support is put in there”.He said: “My view as chair of the trust is we want to have an inclusive school there.“We want to do our best to ensure we cater for all children as best we can.”A Birmingham City Council spokeswoman said there had been less than five permanent exclusions from Nonsuch in each of the last two academic years, 2013-14 and 2014-15.But she revealed that the number of temporary exclusions at the school had risen from fewer than five in 2013-14 to 10 in 2014-15, while nine of those 10 had “some type of SEN”.There are no figures for the school’s final term before it became an academy.The council spokeswoman said: “We take these claims very seriously and are working closely with Nonsuch Primary School, its academy trust and the Regional Schools Commissioner, to review the inclusion processes and procedures for all pupils.”The Regional Schools Commissioner for the West Midlands, Pank Patel, had failed to comment by noon today (7 April).Inclusive education campaigners have been warning since at least 2010 that the rapid spread of “academy” schools was undermining the inclusion of disabled children in mainstream education.A Department for Education spokeswoman said: “We are clear that no school should discriminate against pupils – and they have a legal duty not to.“All schools are held to account by Ofsted for their use of exclusion powers.“Barchelai Trust has reviewed the running of the academy and is now taking swift action so the needs of all pupils are met and underachievement is overcome.“We will continue to monitor the situation.”When asked if ministers were taking any action to ensure that such discrimination did not happen to other disabled children as a result of government plans to turn every school into an academy, she declined to comment further.An Ofsted spokesman said his organisation did not discuss individual complaints about schools, but said in a statement: “Inspectors ask for information about pupil exclusions when they go into schools.“Inspectors assess their use of exclusion, including the rates, patterns and reasons, as well as any differences between groups of pupils.“If there is evidence of a school using exclusion powers inappropriately then an inspection may be brought forward.”