Selectmen Concerned About Future Of Textron Property Fear Of Condos 40B Project

first_imgWILMINGTON, MA — Earlier this month, the Wilmington Board of Selectmen had a 2-hour discussion with Massachusetts Secretary of Housing and Economic Development Jay Ash, State Senator Bruce Tarr (R-Gloucester), and State Representative Ken Gordon (D-Bedford) surrounding the town’s current and future efforts to attract and maintain businesses.There was one property, in particular, that kept coming up during the discussion — the Textron property at 201 & 205 Lowell Street. Textron laid off approximately 200 employees in 2016 and another 50 in 2017. After multiple rounds of downsizing over the years, very few employees remain at the once bustling Wilmington site.“We have a 60-acre parcel of land, Textron, that’s downsized to about 50 people now,” Selectman Chair Kevin Caira told Ash, Tarr and Gordon. “This is going to be a concern for the community — how will that property get developed in the future if [Textron] decides to sell?”“We don’t know what’s happening at this point in time with Textron. [Town officials] are having discussions with them to understand where they’re at,” added Caira. “But it’s 60 acres smack dab in a very attractive spot, right off of 93. Should would be looking at zoning changes now? Should we be talking to different developers?”In response, Secretary Ash stressed the importance of encouraging economic development, suggesting the Textron site could be considered in a “high growth” area.“Communities need to grow. You need more economic development,” said Ash. “Identify areas in town as ‘high growth’ areas. Preserve wherever is ‘special to you,’ but don’t shut out growth everyone else. You have great access to the highway. That’s where your high economic growth areas should be. And maybe farther into town, and farther away from the highway, are the areas where you want to discourage growth.”Selectman Mike McCoy expressed his fear that the Textron property, which is currently zoned as ‘industrial,’ could eventually be rezoned to ‘mixed use,’ which would allow for both retail and significant amounts of apartments and/or condos on the site.“That [rezoning] would change the makeup of this community forever,” McCoy told the delegation. “In Wilmington, we try to keep a country feel… It would be nice to try to maintain that small town feel that’s disappearing in other communities. Quality of life means a lot out here in the country, especially for those who moved from the city to the country to raise their families. How do we keep our small town feel?”“You want to talk about country? I drive through 351 communities. You’re urban,” responded Ash. “I don’t know the Textron property real well, but if all of sudden Textron leaves, that could your top [economic development] opportunity.”“I’m mindful of quality of life,” added Ash, “but if neighboring communities are building and building and you’re getting a lot of the traffic [and other negatives], it sounds like you’re trying to hold on to a day that’s already passed by… I acknowledge that you may want to create a growth zone in one location in town so you can purposely attain [no or little growth] in another location. But you need to find a zone where you can get the density you need and upzone.”Selectman Jonathan Eaton is worried about the town’s prospects of following below the state’s 10% affordable housing threshold, which would open up the Textron site to a potential 40B housing project, which does not need to follow local zoning regulations. Such a project would be higher, bigger, and dense than what’s normally permitted in Wilmington.“We’ve all mentioned Textron tonight and we’ve all mentioned it several times before,” said Eaton. “I do not want to get caught flatfooted. I’m very well aware of  the census that is coming up in two years [which is when each community’s 40B numbers are recalculated]. The way to maintain local control is to be proactive and put a bunch of smart people in a room.”“Our problems are big. We have issues of Sonic and issues of Textron. It’s a very wide range of problems,” chimed in former Selectman Mike Champoux, who has been a longtime advocate of the town’s increasing its economic development efforts. “Sometimes when you look at an elephant, where do you start? Well, let’s just pick one and go. Let’s start to deveolop some partnerships with those land owners and see what we can do. Let’s have some discussion with the Textron folks. And let’s make sure to keep [our legislative delegation] is in the mix.”Selectman Greg Bendel added that Town Manager Jeff Hull has been updating board members on the status of Textron on a regular basis.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email this:TwitterFacebookLike this:Like Loading… RelatedTarr, Robertson & Gordon Secure $30,000 In State Funding For Wilmington Senior Center ImprovementsIn “Government”SELECTMEN NEWS: Big Issues To Be Discussed At Tonight’s Meeting (September 10)In “Government”SELECTMEN NEWS: Analog Devices Updates Town On $157 Million Campus ExpansionIn “Government”last_img read more

BUSINESS BRIEF Glenn Strauss Joins Reading Cooperative Bank as SVPChief Lending Officer

first_img(NOTE: Reading Cooperative Bank has two locations in Wilmington — 230 Lowell Street and 352 Middlesex Avenue.)READING, MA — Reading Cooperative Bank (RCB) is pleased to announce that Glenn Strauss has joined the bank as its new Senior Vice President and Chief Lending Officer. Glenn is a highly experienced bank lending professional, having come to RCB from Salem Co-operative Bank in Salem, NH, where he worked as a Senior Vice President/Senior Commercial Lending Officer and Department Head. While at Salem Co-operative, Glenn handled all aspects and activities for the Commercial Lending Division, including sales and portfolio growth, customer retention, loan servicing, budgeting, and strategic planning.Glenn also worked more than 15 years at Pentucket Bank in Haverhill, MA as the Senior Vice President/Massachusetts Market Manager and Commercial Loan Team Leader. While there, Glenn managed a team of commercial lenders, servicing both new and existing commercial and consumer relationships through a strong referral network and market presence.Some of Glenn’s other past employers include U.S. Trust (Assistant Vice President, Commercial Loans) in Woburn, MA, Family Bank, FSB (Commercial Loan Officer) in Haverhill, MA, and Malden Mills Industries, Inc. (Credit Officer) in Burlington and Dedham, MA.Glenn is a longtime Wakefield resident and is highly active in the community. He was on the Board of Directors at the Boys and Girls Club of Greater Salem; is a member of the Greater Salem Chamber of Commerce; and is a Loan Advisory Board Member at the Merrimack Valley Planning commission. Glenn graduated from Bentley University with a BS in Business Administration and a concentration in Finance.“It’s a pleasure to join an institution that values its community and seeks to bring cooperative banking back to its roots,” said Glenn. “The personalized touch that is RCB’s brand is something that really speaks to me. I look forward to contributing my own verse as I join a top-notch team that is building something truly special.”“We’re really fortunate to have Glenn here at such an exciting time in the bank’s history,” said RCB President & CEO Julie Thurlow. “I have no doubt that his broad lending experience, creative aptitude and penchant for leadership will help us reach the short-and-long-term goals that we and our owners/depositors strive for.”About Reading Cooperative BankReading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at The above press release is from Reading Cooperative Bank.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedReading Cooperative Bank Hires Elizabeth Trifone As New Vice President & Commercial Loan OfficerIn “Business”Reading Cooperative Bank Welcomes 4 New Staff MembersIn “Business”BUSINESS BRIEF: Reading Cooperative Bank Announces 3 New Branch Managers, Including Changes In WilmingtonIn “Business”last_img read more

Why you should use dark mode on the iPhone

first_img See It Preview • iPhone XS is the new $1,000 iPhone X $999 Aug 31 • Best places to sell your used electronics in 2019 1 See it Now playing: Watch this: Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? $999 Are there any negatives? Not that we know of — not any real health consequences, anyway. A few potential downsides to inverted color schemes include: Very small text and long blocks of text may be harder to readPeople with certain kinds of color blindness may find it harder to useMay be hard to see in dimly lit environments  Should you use it? If you look at your phone screen for a substantial amount of time each day, there’s a chance you could benefit from using dark mode. For the best results, try enabling Dark Mode and Night Shift (Settings > Display & Brightness > Night Shift) to reduce as much blue light as possible. There are no real consequences from using Dark Mode, but a few great benefits to consider, so when Apple rolls it out for iPhone in September, give it a shot and note any differences in your vision, sleep or headaches.  2:45 Apple iPhone XS Dark Mode comes to Apple iOS CNET may get a commission from retail offers. Apple The benefits of dark mode Apple introduced dark mode for Mac in 2018. At the time, creative professionals raved about the feature, as it’s sleek and makes photos and text pop on the black background. But aside from creative potential, the obvious benefit is that dark mode helps protects your eyes from the traditionally blinding whiteness of computer and phone screens. Even with features like Night Shift, which softens harsh blue light and wearing blue-light blocking glasses, bright white tech screens can still cause blurry vision, headaches and watery eyes. For many, dark mode may alleviate those symptoms. Reducing the amount of blue light you come into contact with throughout the day may also help you sleep better. Additionally, dark mode for iOS might increase your iPhone’s battery life. It takes less power for OLED screens to emit dark colors than a bright ones, so while Apple hasn’t yet made any claims that Dark Mode saves battery, there’s a good chance that it will give you more time before you need to plug in again. However, this is only true for OLED screens (organic light-emitting diode) and not LCD (liquid crystal display) screens. In OLED screens, every individual pixel lights up to create an image. So when you turn on Dark Mode, your phone just shuts off the pixels it doesn’t need — versus an LCD screen, which uses a backlight regardless of color scheme. Only the newest iPhones use OLED, so this trick won’t work for you if you use any model from the 8 Plus or earlier. More iPhones with OLED screens are expected to come out next year. See It 9 Photos Share your voice Aug 31 • Your phone screen is gross. Here’s how to clean itcenter_img See It Mentioned Above Apple iPhone XS (64GB, space gray) Review • iPhone XS review, updated: A few luxury upgrades over the XR Sprint reading • Why you should use dark mode on the iPhone Dark Mode in the calendar app James Martin/CNET Apple announced at WWDC 2019 that it is bringing Dark Mode to iOS to give anyone with an iPhone the chance to use the alternative color scheme. Until this year, Dark Mode was only available with MacOS on Mac computers. The new feature is currently in Apple’s beta iOS and should be available with iOS 13, which will come out with the newest iPhone in September. What is dark mode? Like its name implies, dark mode darkens the user interface on Apple devices. Basically, the appearance is inverted so that instead of black text on a white background, you see light or white text on a black background. The feature is system-wide, so all native Apple apps will support dark mode, and so will your notifications and widgets. Plus, Dark Mode will be available for third-party developers to make it part of their app. The effect is most noticeable on apps where the majority appears white, such as Apple Health and Calendar. Read more: Dark mode is coming to iOS 13, but these iPhone apps have it now Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Tags Boost Mobile Comment • See All $999 Wellness $999 Dark mode for iOS 13: iPhone’s dark side never looked so good Best Buy Applelast_img read more

Voting in 2 Sylhet suspended centres 11 Aug

first_imgSylhet City Corporation LogoThe voting of two centres which were suspended due to massive rigging and irregularities, will be held on 11 August, reports UNB.Deputy secretary of Election Commission (EC) Farhad Hossain confirmed the matter and said the returning officer of Sylhet has been already directed after finalising the date.The suspended two centres are – Shah Gazi Syed Borhanuddin Madrasa with 2,221 voters and Habinandi Government Primary School with 2566 voters.Earlier on 30 July, Sylhet City Corporations (SCC) election was held at 134 centres while voting of two centres was suspended amid rigging, ouster of polling agents and other irregularities.BNP mayoral candidate Ariful Haque Chowdhury bagged 90,496 votes in 132 centers out of total 134 while AL’s Badar Uddin Ahmed Kamran got 85,870 votes.Barishal and Rajshahi city corporation elections were also held on 30 July.Awami League mayoral candidates were declared elected in Rajshahi and Barishal city polls while the announcement of the results was postponed in Sylhet as the number of votes in two centres where voting was suspended is higher than the difference between the two leading candidates’ tallies.last_img read more

Former Astros Player Jeff Bagwell Named To MLB Hall Of Fame

first_img Share Jeff Bagwell, who spent his entire 15-year career with the Houston Astros, has made it into the National Baseball Hall of Fame. Bagwell is only the second player in franchise history to be inducted as an Astro. He joins Craig Biggio, who was inducted in 2015.Bagwell earns the recognition after his seventh season on the ballot. He’s joined by Ivan Rodriguez and Tim Raines in the Hall of Fame’s 2017 class.The Houston Astros plan to hold a public rally and celebration on January 23 at 5 p.m. in the Union Station lobby at Minute Maid Park. Doors will open to the public at 3 p.m.Bagwell’s career highlights include a Rookie of the Year award, National League MVP, four All-Star selections, three Silver Sluggers, and a Golden Glove award.Bagwell drew 82.6 percent of the vote from the Baseball Writers’ Association of America. The threshold to be admitted to the Hall of Fame is 75 percent. The induction ceremony takes place July 31 in Cooperstown.last_img read more

Harveys Biblical Rainfall Is Getting More Likely

first_imgBrien Straw | Houston Public MediaHarvey flooding in KingwoodThe chances of a hurricane flooding parts of Texas, like Hurricane Harvey did, have soared sixfold in just 25 years because of global warming and will likely triple once again before the end of the century, a new study says.Study author Kerry Emanuel, a meteorology professor and hurricane expert at the Massachusetts Institute of Technology, found that what was once an extremely rare event — 20 inches of rain over a large area of Texas — could soon be almost common.From 1981 to 2000, the probability of 20 inches of rain happening somewhere over a large chunk of Texas was 1 in 100 or even less, Emanuel said. Now it’s 6 in 100 and by 2081, those odds will be 18 in 100, he said.“The changes in probabilities are because of global warming,” Emanuel said.The study was released Monday in the Proceedings of the National Academy of Sciences.Emanuel said he hurried the study to help Houston officials think about what conditions they should consider when they rebuild.Texas state climatologist John Nielsen-Gammon said he was struck by the potential for much higher rainfall that Emanuel’s simulations predict for the future and how important it is for the design of critical structures like dams and nuclear facilities.“If the worst-case precipitation scenario is getting worse, as Kerry’s study and other evidence implies, that safety margin is shrinking,” Nielsen-Gammon said in an email, highlighting Emanuel’s results that also show the worst-case storms becoming wetter and more common.Gabriel Vecchi, a climate scientist at Princeton who wasn’t part of the study, said the study confirms what scientists have already thought: “that the most extreme rainfall events will become more likely as the planet warms.”“These results highlight the importance of finding ways to incorporate our understanding of climate change in long-term urban planning, storm water management and in flood mapping,” Vecchi said in an email.To do the study Emanuel had to use some innovative modeling techniques. Global climate models used for future warming studies aren’t detailed enough to simulate hurricanes. Hurricane models don’t say anything about the larger climate. So Emanuel combined the models and then created thousands and thousands of fictional storm “seedlings” to see what would happen.Emanuel’s calculations used the 20-inch (half a meter) rainfall total because that was the initial figure discussed as the storm was dying down.Later measurements showed that Harvey’s rain was far heavier — and far rarer — than initially reported. After Emanuel had started his work, records showed Harvey’s Houston-wide rainfall ended up closer to 33 inches (84 centimeters). And in individual areas pit peaked at 60 inches (1.5 meters).Emanuel called those numbers “biblical.”“By the standards of the average climate during 1981-2000, Harvey’s rainfall in Houston was ‘biblical’ in the sense that it likely occurred around once since the Old Testament was written,” Emanuel’s study said.While several scientists praised the study’s technique, Christopher Landsea, science operations chief at the National Hurricane Center, had some reservations. He said Emanuel’s results don’t fit with other climate change model projections which do show higher rainfall totals but also show a decrease in the number of storms. Sharelast_img read more

Mendelson Offers Free Back to School Haircuts

first_imgBy James Wright, Special to the AFRO, jwright@afro.comThe chairman of the D.C. Council offered young people in Ward 8 a chance to look good on the first day of school. D.C. Council Chairman Phil Mendelson (D) paid for free haircuts from 10 a.m. – 2 p.m. Aug. 13 at the popular Davis Barber and Beauty Services on Livingston Road, S.E. in Ward 8. This is Mendelson’s third year of paying for haircuts.“Getting a fresh haircut is a positive message to kids about going to school,” the chairman told the AFRO. “This will help low-income families with preparing their children for school.”Derek Davis provided free haircuts for kids at his barber shop in Washington, D.C. (Courtesy photo)Free haircuts have become commonplace among “Back-to-School” activities in the District of Columbia. Barbers donate their services and generally give free basic haircuts at school sites and in their shops.Davis Barber is a product of the Willie Davis family, which started the shop in 1968. The late Willie Davis was known to run a professional establishment focused on serving the needs of the customer in a clean environment.Willie Davis was a respected barber on the national level and in 2009 he was elected to the National Association of Barber Board of America Hall of Fame.His son, Derek, a retired District of Columbia Public School educator, manages the shop, with his sibling Marsten and is a prominent African-American barber. Derek Davis was elected president of the National Association of Barber Boards of America in 2013 and has served as the chairman of the District of Columbia’s Barber and Cosmetology Board.Marsten teaches barbering at Ballou Stay High School, an alternative institution for people who have dropped out for various reasons. He also works in the shop during opening hours.Some of the barbers in the shop have been with Davis for decades.Derek Davis told the AFRO that his family believes in giving back to the community. “We want to give something back and Ward 8 has been good to us,” Davis said. “We can afford to give free haircuts to young people so they can look nice for school.”Davis admitted that the free haircuts also serve as a vehicle to getting new customers.Among the patrons that Davis Barber has had over the years is a former mayor of the District.“Marion Barry used to come here to get his hair cut,” Davis said of the late political icon. “He was a good customer and some members of my family would socialize with him at The Players’ Lounge.Twenty families had their sons’ hair worked on while book bags and other school supplies were handed out. Monica McLamore lives in the immediate area of Davis Barber and regularly participates in the free hair cut event. “I bring my boys to this every year and this is the third year for us,” McLamore told the AFRO. “This prepares them for school and it helps economically.”Helping people is precisely why Mendelson does this. “This barbershop is part of the neighborhood and anything I can do to help the community I will certainly try to do,” he said.last_img read more

Connecticut WWIIEra Newspapers Offer View of Black Life

first_imgBy Susan Haigh, The Associated PressA detailed account of African-American life in the Northeast during World War II, carefully preserved in the basement of the Connecticut State Library, has been uploaded for a new, modern readership.Hunched over a lighted magnifying machine, Christine Gauvreau spent months scrolling through reels of microfilm of Black-owned and operated Connecticut newspapers, preparing them to be digitized. They’re some of the latest entrants in the Chronicling America project, a partnership between the National Endowment for the Humanities and the Library of Congress to create a national digital database of historically significant U.S. newspapers published between 1690 and 1963.This Nov. 29, 2018 photo shows an original April 23, 1949 copy of the New England Bulletin, Black-owned and operated weekly newspaper in Hartford, Conn. Old microfilm of this and other incarnations of the newspaper are being digitized so they can be available online as part of the United States Newspaper Program. (AP Photo/Susan Haigh)“It’s really a document from the very early civil rights movement in Hartford,” said Gauvreau, who recently finished archiving old issues of the now-defunct Connecticut Chronicle, Hartford Chronicle, Hartford-Springfield Chronicle and New England Bulletin, a family of Black-owned and operated newspapers that began in 1940 and operated consecutively for about a decade.Connecticut’s latest additions to Chronicling America mark the first African-American newspapers added to the project from a Northeast state.The four Connecticut-based weekly newspapers upheld a “crusade tradition” of journalism, Gauvreau said. They pushed for the hiring of Hartford’s first Black firefighters and Black bus drivers; advocated for a law barring racial bias in the National Guard; and exposed substandard housing, inferior quality goods and high prices in Harford’s North End neighborhood. In an April 23, 1949 article, the New England Bulletin criticized the “vacillating stand” taken by Connecticut’s State Board of Education, which agreed to allow public high school field trips to “jimcro” Washington D.C. “even though Negro students are segregated” at certain hotels.In a front page editorial published in May 14, 1949, readers were urged to write to the State Board of Education ask members to “STOP PASSING THE BUCK” and prove “beyond a shadow of a doubt that the board is very much against segregation.” The editorial said the New England Bulletin was taking a stand and criticizing the board for allowing the trips because the decision was “contradictory to the forward-looking policies of the state with regard to any kind of racial injustice.”An Oct. 5, 1946 column by James E. Shankel, editor of the Hartford Chronicle at the time, wrote about “bare-faced racial discrimination” in Connecticut. He noted a member of a New Haven church had come across a letter from an East Haddam developer advertising lakefront lots for sale and how “this summer colony is restricted to the Caucasian race.”“Obviously, this advertising letter form was never intended to fall into the hands of prospective Negro buyers,” Shankel wrote.Other pages of the newspapers provide a window into the culture of the time. Articles cover everything from an Easter sermon at Mount Calvary Baptist Church to performances by musical greats. One advertisement announces a scheduled performance by iconic jazz singer Ella Fitzgerald at the State Theater in Hartford. Written by correspondents stationed throughout the state and region, many articles chronicle the accomplishments of Black residents. One headline announces “City’s Only Army Nurse Returns,” a reference to a Black nurse from Hartford who was honorably discharged from the Army Nursing Corps.“They wanted to tell the story about what was happening in Black Hartford. They also wanted to highlight issues of discrimination. They wanted to celebrate Black achievement at the same time,” said historian and Professor Stacey K. Close, the associate provost and vice president of equity and diversity at Eastern Connecticut State University. “During World War II, there was a push to improve the employment of African-Americans in terms of the city and the state. And this newspaper took up the challenge.”There was also an effort by the newspapers to make the readers aware of what was happening elsewhere, especially in the southern states where many still had family members.“They also made sure that young people knew what was going on in the rest of the country,” Close said.He added “there was an urgency” to what the newspapers were doing.“They were trying to push the city to do better than they had done in the past,” he said. “They were an organization and a paper pushing for social, economic and political change.”last_img read more

Indian theatre faring poorly

first_imgIt’s faring very badly… because the kind of state subsidised or state sponsored theatre that we have is very mediocre, because of the bureaucracy involved and a lot going on that is very unhealthy for artistic growth’, Dattani said in an interview. An out-of-the-box-thinker, the Mumbai-based Gujarati has also donned the director’s hat for movie ventures such as the Shabana Azmi-starrer Morning Raga and Mango Souffle (2002), tagged as the country’s first gay male film. He was in the city to conduct an intensive acting workshop organised by art and culture magazine Kindle in association with the iLEAD educational institution and The Corner Courtyard, a newly-opened boutique hotel. Also Read – ‘Playing Jojo was emotionally exhausting’He is the first Indian playwright in English to receive a Sahitya Akademi award. And to pump fresh life into regional theatre, there’s a need for more money, more collaborations and at the heart of it, artistic integrity, says he.‘Collaborations are good…one can learn from marketing techniques…how they (international theatre) can sustain themselves in stiff competition. Acknowledging that films are “our bloodline”, he conceded that while Bollywood can be meaningful, its shallowness has influenced commercial Indian theatre. Also Read – Leslie doing new comedy special with Netflix‘Bollywood is inspired by shallow Hollywood and commercial Indian theatre is inspired by shallow Bollywood’, he said pointing out the vicious circle. Moreover, the ace playwright highlighted the flip side of blindly aping western concepts in theatre, that is adopting a text-based approach while traditionally it is a rich blend of text, dance, music and drama. International influences, he said, ‘are not necessary at all’. ‘In fact, sometimes I feel they are detrimental. I am not against cultural collaborations but what I am talking about is blind following of western concepts and systems – which is what modern Indian theatre does. Noting some encouraging trends in Indian theatre, such as its becoming more visually rich – in terms of intelligent use of space and spontaneity – and shifting away from verbosity’, Dattani said the surge in numbers of international collaborations and experiments hasn’t yielded anything original.Known for exploring sensitive issues, he dubs recent instances of curbing creative freedom in India as an ‘unhealthy trend’ but also a ‘backhanded compliment’ to the might of art forms in bringing about change.‘I think it is a very unhealthy trend and in a way it’s a backhanded compliment to theatre because people are saying that theatre is powerful enough to make a difference and that is why you are bringing in all these restrictions,’ Dattani added.‘With these restrictions the first freedom that goes is the freedom of expression and the rest follows,’ said the man behind thought-provoking works like Dance Like a Man, Thirty Days in September and Final Solutions. In his tryst with theatre and films, the 55-year-old has delved deep into topics of gender bias, communal tensions and homosexuality among others. A staunch believer in theatre’s power to ‘reflect society’, Dattani said the medium should be channeled to showcase the current scenario of increasing violence against women as well as bring out the ‘much-ignored’ lesbian-gay-bisexual-transgender (LGBT) community.last_img read more

6 killed over 50 injured after speeding bus overturns

first_imgKolkata: Six people were killed and as many as 56 others injured, some of them critically, when a bus they were travelling in overturned near Jhitka forest of Lalgarh in Jhargram district on Saturday.The injured passengers have been undergoing treatment at Midnapore Medical College and Hospital and some at private hospitals as well. Some of the injured passengers are stated to be in critical condition. According to the police, around 18 passengers sustained serious injuries in the accident. Also Read – Heavy rain hits traffic, flightsPolice said that the private bus was carrying passengers to Belpahari from Jhalbani on Saturday morning.According to the preliminary investigation, there were around 100 passengers travelling in the bus at the time of the accident. Many of them were going to join a programme organised by the tribal populace at Belpahari.According to locals, the bus was overcrowded and some of the passengers were found sitting on the roof of the vehicle when it overturned while taking a sharp bend near Jhitka forest. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedEyewitnesses told the police that the bus was running at a high speed at the time of the accident as a result of which the driver could not control it. While taking a sharp turn the driver lost control and the bus overturned and eventually fell into a roadside field. The bus driver fled the spot immediately after the accident. The locals rushed to the spot and rescued the injured passengers. Six persons were declared brought dead after being taken to Midnapore Medical College and Hospital. Some of the injured passengers were taken to other hospitals as well. After being informed, police reached the spot and started a probe in this regard. They are investigating if the bus developed any technical glitch or the accident occurred due to the over-speeding of the vehicle.Police added that the driver had applied sudden brakes but failed to control it. The investigators are not quite sure if any other vehicle had came in front of the speeding bus leading to the accident.They are looking into all possible causes that might have led to the mishap. Some of the passengers and the locals are being probed in this connection so far.Raids are being conducted to nab the bus driver who has been at large since the accident happened. The bus was later lifted with the help of a crane.The real cause of the accident will be confirmed by the police after carrying out a probe into the incident.last_img read more

Monsoon returns to city lightning kills five in Nadia Bankura

first_imgKolkata: The city on Sunday witnessed light to moderate rain as the monsoon current has gained strength after remaining stalled for the past two weeks, due to the impact of the westerly winds.As many as five persons were reportedly killed after being struck by lightning at Nadia and Bankura in different incidents. It has been learnt that 3 persons were killed at Hanskhali area of Nadia, while the other two victims are from Bankura.The monsoon current may further be intensified in South Bengal in the next 48 hours. Apart from the city, the South Bengal districts which will receive maximum rainfall are North 24-Parganas, South 24-Parganas, Bankura, West and East Midnapore, Jhargram and Birbhum. Also Read – Heavy rain hits traffic, flightsWith the monsoon finally coming back in the city and other parts of Bengal after its official arrival around two weeks ago, there is a cause of concern for North Bengal districts as the Regional Meteorological Centre at Alipore has predicted heavy to very heavy rainfall in the region.According to the weather office, a warning has been issued to the sub-Himalayan districts in North Bengal, as heavy rain is likely to lash the districts in the next two days. This comes at a time when Jalpaiguri and Alipurduar districts have already received up to 250 mm rainfall in the past few days. Prediction of some more rains posing a threat to the road and rail communication in the region has also been made. People living in the river banks and low lying areas have already been cautioned by the district administration. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedWhile North Bengal is expected to receive heavy to very heavy rainfall, the weather in Kolkata and most parts of South Bengal will remain pleasant.However, there is a prediction of thunderstorm accompanied with gusty wind and lightning in the South Bengal districts in the next two days.The day in Kolkata and adjoining districts started with an overcast sky on Sunday morning. The city later witnessed a downpour, resulting in the decrease of temperature. People have got rid of a high level of humidity that made people sweat in the past few days. The weather on Sunday turned cool as the day progressed. The Met office in the city predicted that the sky in Kolkata and some of the South Bengal districts will remain cloudy in the later part of next week, with intermittent lightning and thundershower to strike in some parts.The districts like North 24-Parganas, South 24-Parganas, Nadia, Murshidabad and Howrah received light to moderate rainfall, which has brought down the temperature by a few notches.According to a weather expert, a fast-improving progress of monsoon circulation is likely to cause more rains all over Bengal in the next week. An alert has been issued to fishermen, as a wind is expected to blow over Bay of Bengal at 35-40 km per hour.last_img read more

ACV introduces Top Selections sun brochure aims to strengthen Disney product

first_img<< Previous PostNext Post >> ACV introduces Top Selections sun brochure, aims to strengthen Disney product Tags: Air Canada Vacations, Disney Thursday, January 5, 2017 Travelweek Group center_img Posted by Share MONTREAL — Air Canada Vacations has released a mini digital sun brochure highlighting the operator’s top resorts in Mexico and the Caribbean.Most of the featured properties offer free stay for kids and fitness and spa facilities, and are part of ACV’s Privileges collection including preferred room locations, early check-in, late checkout, free Internet and guaranteed à la carte dinnersThe brochure also includes 18 Sandals resorts that are part of ACV’s Privileges collection and offer free wedding packages. Air Canada offers nonstop, year-round flights from Toronto to all Sandals and Beaches properties. It’s also the only tour operator that flies to Great Exuma, Bahamas.“Our product team has done a fantastic job in adding exclusive and popular properties to ACV’s Sun product line,” said Nino Montagnese, Managing Director, Sun Markets, Air Canada Vacations. “We found it necessary to highlight some of our top picks and cultivate a mini brochure for our trade partners to reference during consultations. It is a great booking tool and we encourage agents to share it with their clients.”A French version of the Top Selection digital brochure will be available shortly.To better serve clients ACV has increased frequency from several home locations to popular destinations. Frequency has been added between Toronto-Cayo Coco, Varadero, Curaçao, Puerto Plata, Samana, Huatulco, Saint Lucia and Turks & Caicos. A larger aircraft has been added to the Punta Cana route flying five times a week and a new route to Port of Spain, Trinidad and Tobago was launched in December.For Montreal, ACV has added new flights to Puerto Vallarta and San Jose, Costa Rica, and frequency has increased to Cancun and Turks & Caicos.More news:  Sunwing to further boost Mazatlán service with new flights from OttawaThe new B767 aircraft from Air Canada Rouge leaving Vancouver has increased in capacity and frequency. Nonstop flights to Cancun on Monday and Thursday and to Puerto Vallarta on Tuesday and Friday have been added. ACV has also increased capacity to Ixtapa on Wednesday and Los Cabos on Sunday.Nonstop flights to Puerto Plata operating on Fridays will be leaving from HalifaxAs a reminder, agents can earn ACV&ME loyalty points for every group, air and hotel package or cruise package booked. Points can be redeemed for Aeroplan Miles, travel vouchers or VISA cash cards.Air Canada Vacations is also highlighting its partnership with Disney and the different resorts and packages it offers.There are currently seven daily flights during peak winter season to Walt Disney Resort in Orlando; up to 18 daily flights during peak summer season to Los Angeles, a short drive to Disneyland Resort in Anaheim; up to eight flights per week during peak winter season to Honolulu for Aulani, Disney Resort and Spa; and frequent flights from all Canadian gateways to the Mediterranean and the Caribbean where the Disney Cruise Line.“Air Canada Vacations provides the most lift out of any other Canadian tour operator to Disney destinations,” said Montagnese. “Along with our expansive flight network, we also sell all things Disney including accommodations, theme park tickets, dining packages and more. We are poised and prepared to become the top Disney provider and are confident that we can do it with the support of our travel agents partners. We want their clients to automatically think of booking with ACV when they hear the word ‘Disney’.”More news:  AMResorts has a new Sr. Dir. of Cdn. Sales & Consortia Rel’nsFeatured ACV Disney promotions include:Walt Disney World ResortsCanada Resident Ticket Offer – clients will receive a 25% discount on 4-10 day Magic Your Way ticket products including the Base Ticket, Park Hopper, Water Park Fun & More and Park Hopper & Water Park Fun & More options. Offer expires Feb. 28 for travel anytime.Disneyland ResortCanada Resident Ticket Offer – The Disneyland Ticket offer represents a 25% discount on the 3-5 day ticket products including the 1-Park per day and Park Hopper options. Offer valid until Feb. 28.Room Only Offer – Until March 27, guests will receive 20% savings on Standard room types and 25% savings on Premium room types at Disney’s Grand Californian Hotel and the Disneyland Hotel. A 10 per cent discount will apply on Standard room types and Premium room types at Disney’s Paradise Pier Hotel.Aulani, A Disney Resort & SpaBroad Room Only Offer – Until Feb. 23, guests will receive 20 to 30% in savings on four night stays and 25 to 35% savings on 5-14 night says depending on view booked.Disney Cruise LineFeatured cruise packages include a seven-night Mediterranean sailing (Barcelona, Spain) from $1,750 per person for an Aug. 26, 2017 departure aboard Disney Magic; a seven-Night Western Caribbean Cruise (Port Canaveral, Florida) from $1,785 per person for a September 30, 2017 departure aboard Disney Fantasy; and a seven-Night Southern Caribbean Cruise (San Juan, Puerto Rico) from $1,316 per person for an April 16, 2017 departure aboard Disney Magic. All cruise packages are based on double occupancy.last_img read more

Best Deluxe 5 Star Award tops winning week for Brisbanes Emporium Hot

first_imgSource = Kath Rose & Associates Brisbane’s Emporium Hotel has bookended the week with two major wins as the country’s leader in deluxe boutique accommodation. Last Friday evening the independently owned, internationally acclaimed hotel was crowned – for the fourth time – Best Boutique Hotel in Australia, at the prestigious Hospitality Management (HM) Awards for Excellence in Sydney; and last night the title of Best Deluxe Hotel, 5 Star+ was won at the 2012 Queensland Hotels Association Awards for Excellence. At the Queensland industry’s night of nights, Emporium Hotel triumphed over some of the best Deluxe Hotel offers in the state including Sheraton Mirage, Sofitel Brisbane, Hilton Cairns and Spicers Clovelly. Last Sunday evening finalists against the Emporium Hotel included Sydney’s The Establishment, Henry Jones Art Hotel, Spicers Balfour, The Observatory and Diamant Canberra among others. Emporium Hotel General Manager, Peter Savoff, pointed directly to his team for the week of wins. “What a week for the Emporium Hotel and for Brisbane! Being acknowledged as the best boutique hotel in Australia and the best deluxe accommodation in Queensland in the one week is extraordinary. I pay full tribute to our incredible team of passionate professionals, a team I am privileged to work with every day, in achieving these Awards; and of course to the owners the Anthony John Group and Tony and Fran John who conceived and designed this great place,” he said. “We also acknowledge our fellow finalists and the way they have set and exceeded the bar for service, design and luxury – something we all aim for. In this sector of tourism, Australia is being reignited a leading light and it is an exciting time for us all.”The Queensland Hotels Association award joins a raft of others on the hotel’s manetlepiece; however Savoff remains focused as always on guest satisfaction. “The greatest barometer of our success will always remain with our guests,” he said. The awards come in a week when the hotel announced a new package for the leisure market – the Lexus Lazy Afternoon package – with indulgence as its muse, Queensland’s stunning Great South East as the canvas, and Spring as the inspiration. The package combines the hotel with the driving experience of the latest, stunning Lexus IS 250C convertible, allowing guests to escape on the open road to one of South East Queensland’s picturesque locations for an indulgent picnic like no other. Since opening its intricately designed doors in June 2007, the hotel has dominated industry and travel awards, being named one of the world’s best new hotels in the International Conde Nast Travellers Hotlist and taking out titles at the Queensland Tourism Awards, the Queensland and Australian Hotels Association Awards, the HM Awards for Excellence, two Gourmet Traveller Awards, and more.Everything about the Emporium Hotel is designed to pamper. Hidden in the hotel lobby is a stunning Cocktail Bar incorporating a fusion of vintage and custom-designed pieces matched by an eclectic Cocktail Menu. There are also a stunning range of exquisite experiences guests can order through Concierge, from massages to shopping, dining and more. Located in the heart of Brisbane’s stylish Emporium precinct – a haven for lovers of fashion and food – the Hotel is just minutes from the Brisbane CBD and close to the Brisbane Cruise Terminal, airports and arterials. last_img read more

German cable operator Primacom was boosted by its

first_imgGerman cable operator Primacom was boosted by its acquisition of Deutsche Telekabel in the first half, with a 40% increase in revenues and an EBITDA uplift of over 50%.Primacom posted revenues of €65.9 million for the first half, up 39.7%, while EBITDA was up 54.7% to €27 million.Over 80% of the company’s revenues are now derived from its unified backbone-connected network, Primacom said.Primacom is beginning to reap the rewards of its investment in its network and higher triple-play penetration, according to its management. Digital services saw growth of 38.5% in the first half.Excluding Deutsche Telekabel, Primacom’s revenues were up 6.2% to €50.1 million and EBITDA was up 14.1% to €20 million. IP capable homes were up 47% and blended ARPU rose 6.9% to €16.59.The acquisition of Deutsche Telekabel in March gave the operator access to an additional 270,000 connected homes.Our first half performance underlines the significant progress made by PrimaCom over the past three years, as our investment in our own state-of-the-art IP capable network has transformed our growth trajectory,” said CEO Joachim Grendel.“Creating an integrated Level 3/Level 4 provider is driving growth of higher value triple play services, while ensuring that the business has the technological capability to meet customer needs far into the future. More than 80% of our EBITDA and cash flow now comes from the backbone-connected part of our business a level consistent with that achieved by the two largest players in our market and significantly ahead of other peers. We believe that the quality of our infrastructure represents both an enduring competitive advantage and a significant differentiator for our business.”last_img read more

Tearfund works on the ground in the places of grea

first_imgTearfund works on the ground in the places of greatest need, bringing aid and emergency supplies as well as long-term support for communities and families, involving livelihood training, counselling and community facilitation.‘The Cycle of Hope’ will involve a team of 16 people cycling over 180 miles in three days, often at high elevation.“The cyclists will also visit Tearfund projects across the country, focusing on peace and reconciliation work and on the alleviation of poverty amongst those in greatest need – people whose lives have gone from despair to hope.Paul Francis, from Tearfund, said: “This cycling challenge will be physically difficult. As a team, we’ve been training for months.“But we’re looking forward to seeing first hand how people’s lives have been changed, turned from despair to hope, thanks to the work of Tearfund.“It’s wonderful to have the support of Mayor McClintock as we embark and we look forward to her joining us next time.”MAYOR HOSTS RECEPTION FOR ‘CYCLE OF HOPE’ ACROSS RWANDA was last modified: January 27th, 2017 by John2John2 Tags: MAYOR of Derry City and Strabane District Council, Alderman Hilary McClintock, hosted a special reception at The Guildhall this week for a team of cyclists who will embark on a 180 mile cycle across Rwanda next month in aid of Tearfund.The ‘Cycle of Hope’ team includes a sculptor, a barrister and Northern Ireland’s first black Presbyterian minister and their aim is to raise £40,000.Tearfund is one of the Mayor’s charities for her year in office and Alderman McClintock noted that the funds raised from this initiative will go towards helping people living in grave poverty without the fundamentals that most of us take for granted.“Tearfund is a wonderful charity that works in partnership with Christian agencies and churches worldwide to tackle the causes and effects of poverty,” said Alderman McClintock. HILARY MCCLINTOCKMAYOR HOSTS RECEPTION FOR ‘CYCLE OF HOPE’ ACROSS RWANDATEARFUND CHARITY “Not everyone is fortunate enough to have food, money or possessions and these are the people Tearfund help most.“I fully commend the cyclists who have agreed to this exhausting challenge and, while I am certain it will be a testing few days, I am equally certain it will be worthwhile in raising essential funds for the charity and raising awareness of poverty.”Thursday’s launch came just one day before Holocaust Memorial Day, a poignant time to mark large-scale atrocities such as the one suffered by the people of Rwanda in 1994 which left over one million people dead in just 100 days – almost half of Northern Ireland’s current population.The country has been transformed through peace and reconciliation work in the last two decades but the marks of inter-tribal conflict are still evident with many still struggling to survive. ShareTweetlast_img read more

The gold stocks opened in the red but rallied str

first_img The gold stocks opened in the red, but rallied strongly almost immediately, even before 9:50 a.m. EST gold price melt-up going into the London p.m. gold fix.  From that point, the stocks gave up a bit of their gains before trading sideways for most of the day, but rallied into the close, finishing almost on their highs of the day.  The HUI closed up 2.42%. The CME’s Daily Delivery Report showed that 1 gold and 72 silver contracts were posted for delivery on Friday within the Comex-approved depositories. JPMorgan out of its in-house [proprietary] trading account delivered 58 contracts—and ABN Amro came up with 10 contracts.  The only long/stopper of note was Canada’s Bank of Nova Scotia with 70 contracts.  The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in either GLD or SLV yesterday—and no sales report from the U.S. Mint, either. Monday was a very busy day over at the Comex-approved depositories—especially in silver. In gold, these depositories reported receiving 63,996 troy ounces of the stuff—and all of it went into the HSBC USA depository.  The link to that activity is here. But the fork lifts were real busy moving silver around, as 1,810,657 troy ounces were reported received—and 1,216,360 troy ounces were shipped out the door.  Of the amount received, a third of it disappeared into JPMorgan’s vault—and all of the silver JPM received came out of Scotia Mocatta’s vault.  The link to that action is here—and it’s worth a quick peek. I have a decent number of stories today—and I hope you have the opportunity to read the ones that interest you. Yes, it is possible, given how close we are to the lows of the year that more salami slicing to the downside, designed to generate more technical fund short selling, could be seen. But it is just as possible that the salami slicing is over with. More than possible is that JPMorgan will look, at some point, to feather their own nest with an explosion in gold and silver prices, given how they are currently positioned. That’s what smart crooks do. – Silver analyst Ted Butler: 28 December 2013 Well, it doesn’t get much more blatant than that.  I couldn’t make up a price scenario like yesterday no matter how hard I tried.  If JPMorgan et al were fishing for a bottom, I’d say they found one, as I doubt very much that prices could get much lower than this—or stay there for long if they did.  You saw that happen yesterday—and you also saw how quickly it reversed itself. As Ted Butler says, in order for JPMorgan et al to go longer or cover more short positions, they have to find either a technical fund or small trader to either puke up a long or go short, so they [JPMorgan et al] can gobble up either the long contract puked up, or buy the long side of the short trade.  These two types of traders are the only “food supply” for JPM et al—and why they continually attempt to engineer lower prices.  Once “da boyz” can no longer entice these traders to go short anymore, or puke up more longs, the bottom is in.  And if I had to bet a sum of money, I’d guess we saw it yesterday. But the question at all market bottoms is always the same—what will JPMorgan et al do on the subsequent rally?  They, as always, are 100% in the driver’s seat—and what they do, or what they’re instructed to do, is all that matters.  If you’ve been reading this column for any length of time, it’s a situation that we’ve been in many times in the past—and Ted Butler and I always pose the same questions.  Will this time be different, or will it be the same old, same old? Since this is the final column for 2013—my thanks go out to all the kind readers that have contributed so much to this missive over the last 12 months.  As I say every year at this time, this column is just as much yours as it is mine, as it would be considerably diminished without their contributions. Some you only know by their initials—as they wish where they live and who they are to remain anonymous—and I respect that.   But I would be remiss if I didn’t shout out a few names here:  Phil Barlett, West Virginia reader Elliot Simon, South African reader B.V., Manitoba reader Ulrike Marx, Washington state reader S.A. and, as always, Roy Stephens is at the top of the heap.  Of course other readers have contributed news items, chart and graphs, photos and cartoons from time to time all year long—and as I said, this column would be diminished without them.  Chief amongst those contributors would be Nick Laird over at, as his charts are an integral part of my blog—along with other newsletter writers on the Internet as well. Last, but certainly not least, my thanks go out to my daily Internet buddy at Casey Research.  Every day [except Saturdays and holidays] CR’s own Juli Placek crawls out of a nice warm bed somewhere in the vicinity of Stowe, Vermont at 5:10 a.m. EST—and takes my scribblings and posts them on their website before 6:30 a.m. EST—and then dispatches it to the in-boxes of the 40,000+ world-wide readers that peruse this rant [in whole, or in part] every day.  All of this is done long before the vast majority of North Americans has even had to reach for their respective alarm clocks.  I can’t begin to remember the number of times she has been there for me—or for us—and she has my eternal gratitude. Happy New Year to you and yours in 2014, dear reader—and I’ll see you right here on Friday. The dollar closed on Monday afternoon in New York barely above the 80 mark at 80.01.  From there it rallied it tiny fits and starts, finishing the Tuesday session at 80.205 which was up 20 basis points from its prior close. It was more or less the same routine in both platinum and palladium, but both reported a decent gain on the day—finishing up a percent or so.  Here are the charts. And as incredible as the price gyrations were in gold, it was off the charts in silver, as JPMorgan et al pulled out all the stops.  However, the price pattern was virtually identical, so I shan’t waste any time talking about it. The intraday price move was well over a dollar—and the CME recorded the low and high as $18.72 and $19.825 in the March contract. Silver never got a sniff of the $20 spot price mark, closing the Tuesday session at $19.445 spot, which was down 12 cents from Monday.  Net volume was an astounding 46,000 contracts. What will JPMorgan et al do on the subsequent rally? The gold price didn’t do much in Far East trading on their Tuesday, but a tiny new low was set around 1:30 p.m. Hong Kong time.  From there, gold rallied back above the $1,200 price mark.  Then around 11:15 p.m. the price began to decline.  Ted said that it was JPMorgan et al “spoofing” prices lower.  And once Monday’s closing price was taken out at 8:45 a.m. in Comex trading, the technical funds went short some more—as JPMorgan et al took the long side of those trades—and the price plunged over twelve bucks in a few seconds. The tiny rally that followed exploded in a flurry of what was probably a combination of short covering by technical funds—and long buying by JPMorgan et al at 9:50 a.m. EST. That rally ran out of gas/got capped at the London p.m. gold fix, which came minutes after 10 a.m. EST.—about 15 minutes after the rally began. From gold’s high of the day, the price slowly declined until it stuck its nose back below the $1,200 spot price market shortly before 3 p.m. in New York.  At that point a buyer showed up—and gold closed above the $1,200 spot. The low and high ticks were recorded by the CME as $1,181.40 and $1,214.00 in the February contract. Gold closed on New Year’s Eve in New York at $1,205.50 spot, which was up $8.80 from Monday’s close.  Volume was an impressive 127,000 contracts. The chart pattern in the silver equities was virtually the same as the HUI, except the silver stocks closed on their absolute high ticks of the day.  Nick Laird’s Intraday Silver Sentiment Index closed up 2.47%. Sponsor Advertisement Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff  the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, ir@freegoldventures.comlast_img read more

The price action in platinum and palladium barely

first_img The price action in platinum and palladium barely had a pulse, either.  Here are the charts. The silver equities price path looked similar, but Nick Laird’s Silver Sentiment Index closed up only 1.02% There are four trading days left for contract holders in the May delivery month in silver to either sell, roll, or stand for delivery—and there are still about 44,000 contracts left open.  Only 5,577 were rolled yesterday, at least according to the preliminary report from the CME Group. When I checked the CME’s preliminary Daily Information Bulletin that was posted on their website in the wee hours of this morning EDT—it showed the big increase in silver open interest for the April delivery month that appeared on their Daily Delivery Report late last evening.  As I said earlier, it’s obvious, at least to me, that this delivery from JPM to Scotiabank was privately arranged and hidden from public view until the last possible moment.  As to what it portends for the future, I don’t really know for sure, although I do have my suspicions—which I’ll keep to myself, as it falls into the “wild-ass speculation” category. Not much of anything happened in Far East trading on their Thursday—and the same can be said now that London has been open about 20 minutes.  Volumes in both gold and silver are very light—about 18,000 contracts in gold, and 4,000 contracts [net of roll-overs] in silver.  The dollar index is down a handful of basis points. And as I send this out the door to Stowe, Vermont at 4:55 a.m. EDT, all four precious metals are now down a bit from yesterday’s close in New York.  I see that JPMorgan et al are still trying to beat up the technical funds to the down side in silver—and it remains to be seen how successful they are.  But at these volume/price levels, they’re picking up nickles in front of the proverbial steamroller.  Volumes in gold and silver are still on lighter side, so it’s not wise to read too much into this price action, even in silver—although the volume in that has picked up quite a bit, as has the roll-over action.  The dollar index is still down the same handful of basis points it was 90 minutes ago. Here’s the Kitco silver chart as I hit the ‘send’ button. I have very few stories for you today—and the final edit is yours. Once in a while you will stumble upon the truth, but most of us manage to pick ourselves up and hurry along as if nothing had happened. – Winston Churchill There’s not a lot to read into yesterday’s price action—and it was just another day off the calendar as Ted Butler is wont to say from time to time. Here, once again, are the 6-month charts for gold and silver.  With no new lows being set—and price action subdued on top of that—I doubt very much if yesterday’s trading meant much as far as the Commitment of Traders Report is concerned. Sponsor Advertisement There’s not a lot to read into yesterday’s price action [Note: After three years without a break, I’ll be taking some time off.  There will be no Gold and Silver Daily next week.  Ed] The gold price action on Wednesday was a real yawner.  The only activity worthy of mention was the small rally that began at the London a.m. gold fix—and “da boyz” took care of that at exactly 1 p.m. BST—20 minutes before the Comex open.  From there it got sold down to its 10:35 a.m. EDT low—and then recovered a bit before trading sideways for the remainder of the day. The highs and lows aren’t worth looking up. Gold finished the Wednesday trading session at $1,283.70 spot—unchanged on the day.  Volume, net of April and May, was only 113,000 contracts. This is the second day in a row that the precious metal equities vastly outperformed the metals themselves—and I’ve very encouraged by that. The CME Daily Delivery Report showed that 56 gold and a whopping 151 silver contracts were posted for delivery within the Comex-approved depositories on Friday.  Once again the largest short/issuer in gold was Jefferies and, once again, the two biggest long stoppers were JPMorgan and Canada’s Scotiabank. But the totally out-of-the-blue surprise was the 151 silver contracts that were posted for delivery, as there was no hint of it in the current CME’s Daily Information Bulletin.  I would guess that this delivery was arranged privately—and left until the last possible moment.  It was the biggest Comex silver short [JPMorgan] delivering to the second largest Comex silver short [Canada’s Scotiabank].  One crook lending a helping hand to another crook, methinks.  The link to yesterday’s Issuers and Stoppers Report is here—and it’s worth a quick peek. While on the subject of deliveries, according to the current CME Daily Information Bulletin, there are around 600 gold contracts still open in April—and that’s netting out the deliveries due today, plus the 56 contracts posted for delivery tomorrow.  Any bets that JPMorgan and Scotiabank are long/stoppers on what’s left to deliver this month?  The only other unknown would be the identity of the short/issuer.  Jefferies, perhaps—but that’s a lot of contracts for a company their size.  In the end, it doesn’t really matter who they are, but it’s fun to speculate, now that we’re down to the final days before all and sundry have to make their intentions known. There were no reported changes in either GLD or SLV yesterday. The U.S. Mint had a smallish sales report.  They sold 50,000 silver eagles—and that was it. There was no in/out movement in gold at the Comex-approved depositories on Tuesday—and only smallish in/out movement in silver, as 20,717 troy ounces were received—and 88,852 troy ounces were shipped out.  The link to that activity, such as it was, is here. Here are two more gold and silver charts courtesy of Nick Laird that he whipped up for us yesterday.  The top chart in both is the spot price in each metal going back about 8 years.  The 2-colour charts below that show the long and short positions of the Big 4 and Big 8 traders in each in the Commitment of Traders Report over the same time period.  Note the short positions of the Big 8 in gold vs. the Big 8 in silver over time—especially over the last six months or so.center_img It was pretty quiet in silver yesterday as well—and there really isn’t anything to talk about here.  Like gold, the highs and lows aren’t worth looking up. Silver closed yesterday afternoon in New York at $19.45 spot, up 6.5 cents on the day.  Volume, net of roll-overs was pretty quiet at 19,000 contracts. The gold stocks opened in the black—and then began to rally convincingly about an hour after the equity markets opened in New York.  Their highs came about 2:20 p.m. EDT—and then they gave up a bit going into the close.  The HUI finished up 2.07% on the day. That’s all I have for today—and as the April delivery month winds down—and the May contract goes off the board—the price/volume activity between now and the Comex close on Tuesday, could prove interesting. See you tomorrow. The dollar index closed around 79.90 on Tuesday in New York—and didn’t do much until moments before London opened yesterday.  By 9:30 a.m. BST, the 79.70 low was in—and the index rallied quietly back to almost unchanged, as it closed on Wednesday at 79.86—down a whole 4 basis points. Avrupa and Antofagasta intersect copper-rich VMS in Pyrite Belt, Portugal •             First Greenfields discovery of massive sulfide mineralization in 20 years in the Iberian Pyrite Belt •             10.85 meters of massive and semi-massive/stockwork sulfide mineralization grading 1.81% Cu, 2.57% Pb, 4.38% Zn, 0.13% Sn, and 75.27 ppm Ag •             Including 7.95 meters @ 2.21% Cu, 3.05% Pb, 4.82% Zn, 0.15% Sn, 89.8 ppm Ag •             Followed by 2.90 meters @ 0.71% Cu, 1.27% Pb, 3.17% Zn, 0.092% Sn, 35.4 ppm Ag •             Avrupa and Antofagasta sign an amended Joint Venture Agreement Please visit our website to learn more about the company and current exploration program.last_img read more

In This Issue Dollar rebounds against most cu

first_imgIn This Issue. * Dollar rebounds against most currencies. * Krone, renminbi, rubles rally VS dollar. * Lockhart and Yellen speak. * ADP report misses expectations.. And Now. Today’s A Pfennig For Your Thoughts. Norges Bank Keeps Rates Unchanged. Good day.. And a Tub Thumpin’ Thursday! An easier/ navigable morning for me, so I’ve got that going for me, eh?  Not so much for all the participants of the U.K. election, which is going on today. As I’ve been saying, it appears it’s a toss-up right now, but the exit-polls later today should give us some indication of the outcome. more on that in a bit. My beloved Cardinals saw their 8-game winning streak come to an end last night. And Fed member, Lockhart, tells an audience that tomorrow’s Jobs Jamboree (my words of course) comes as a key point for policy makers and will say a lot about the expected 2nd QTR growth bounce back. I was greeted this morning with a Steely Dan song: Black Friday.  Could that be tomorrow if the BLS jobs report mirrors the ADP report? WOW! Now that’s putting “it” out there for everyone to see, feel, touch, and write it down so they can shove it in the person’s face should it all come crashing down around them going forward!  Lockhart said that with such confidence that you would almost think that he already knows what the BLS will tell the rest of us tomorrow, as to the job creation in April.  Now, I’m not saying that he does have the numbers ahead of the rest of us, all I’m saying is that he acted and talked like someone that knew the numbers already. But that wouldn’t be possible. the BLS wouldn’t allow that to happen, right? So. I turned on the currency screens this morning, and the currencies, for the most part, were all up VS the dollar. And then ½ hour later, when I begin to write, those same currencies have turned around and are losing ground. Hmmm.   Just about the time the U.S. Traders begin to show up at their desks. I have to wonder just what the heck just went on to turn that around that quickly. Because I had read all the articles and notes from traders around the world and had formed an idea as to how the letter was going to go this morning, and now I have to trash that idea, and go back to the drawing board! UGH! One thing that I was going to highlight, I’ll still highlight.  The Norwegian krone is the best performing currency overnight, with the Chinese renminbi a close second, and the krone is getting its oats this morning from the Norges Bank, who left rates unchanged last night. See! I told you that was going to be the outcome, and it was! In fact, let’s review exactly what I said in the Pfennig on May 5th. “Norway’s Norges Bank will meet this week (May 7), and most observers, economists, and traders believe the Norges Bank will opt to cut rates at this meeting. But I’m on the other side of the fence on that one. Here’s my reasoning. The Norges Bank, seeing the stabilization and mini-rally of the Brent Oil price at the last meeting, opted to keep rates unchanged.  Well, since that last meeting, Brent Oil price has rallied nearly 22%. So, I see the Norges Bank keeping rates unchanged, and IF they do, a heavy weight will be removed from the krone, for at least a few days.” But. and you knew there would be a “but” here. the Norges Bank did indicate that they will keep looking at economic data, but the trend indicates to them that they will probably cut in June. YIKES!  I remain steadfast in my thought that the Norges Bank does not need to cut rates given their housing boom, so maybe the Norges Bank was just attempting to keep a lid on the krone, as they saw traders pushing it higher after the Norges Bank left rates unchanged. And so the krone did have a heavy weight removed from it from all the traders that thought the Norges Bank was going to cut rates at this meeting. In other news. The euro was stronger earlier, as Greece did make their payment this morning, to the IMF for: euro200 Million, but that’s small potatoes to the payment that’s due next Tuesday of euro770 Million. There have been positive tones coming from the talks with Greece, so that’s encouraging, and like I said the other day, rising Bund yields are certainly helping underpin the euro. Did anyone besides me see that Germany posted a record Trade Surplus? And that has the German Current Account Surplus reaching 7.9% of GDP. You know, everyone in the Eurozone is having a conniption fit over this, because it violates the Eurozone stability rules, and get this. it would force a sanction if the European Union law was enforced.  For what, being very good at manufacturing and exporting? That just rubs me the wrong way that they would be sanctioned. Is it Germany’s fault that the euro dropped from 1.30 last year to near parity this year before its recent rally? The answer is no. So.. the European Union needs to focus on increasing the growth of the Club Med countries so the euro can rebound further and slow the exports. But that would be everything, the other Eurozone countries need to get better at manufacturing and exporting.  So, I mentioned it at the top this morning, I might as well get to it so you all know what I was talking about. The April ADP Employment report didn’t even come close to meeting the expectations of 200,000, printing instead at 169,000, with last month’s 189,000 revised downward to 175,000. I try to mention the revisions because the markets and media seem to ignore them, but to me they are important.  So, just as a reminder for you, the ADP report is supposed to be a good indicator for what the BLS will print tomorrow. It rarely works out that way, but you can’t ignore the ADP print.  And according to Fed Member Lockhart, the April BLS report is going to carry a lot of weight toward monetary policy. On a sidebar, I’ve pretty much always said that the U.S. should scrap the BLS report, which to remind you, is nothing but surveys, that then the BLS adds or subtracts (rarely do the subtract) jobs out of thin air, which leaves the BLS subject to be shot full of holes, by people like me each month. And instead use the ADP report. ADP basically does the payroll systems for most companies, so they are the people (ADP) that would know the employment in the country! But no one listens to me. Just like at home. The Aussie dollar (A$), which yesterday rose to above 80-cents, has since seen selling. It began with profit taking, and then turned ugly with the Aussie April Employment report, which fell 2,900. which to me is no Big Deal. Especially, and here I go with the revisions again, that the markets and media ignored, when you look at the revision to last month’s number, which originally was reported as 37,700, but revised upward to 48,100. So, to me.  the 10,400 gain in the revision was greater than the 2,900 loss this month, so why the negative Nellies with the A$? Well, it’s because as I keep telling you, markets and media don’t recognize revisions. And that’s all I’ll say about that, because I have a ton of things to say that would get me into big trouble here. So, move along, Chuck. The Russian ruble traded below 50 yesterday, it last traded below 50 on April 16th, So just a few weeks ago, and then as it was yesterday, the drop below 50 didn’t last long. But at least the last time the ruble visited the 49 handle (11/2014) it was going in the opposite direction!  As I said the other day, the bad stuff for the economy has been priced in, and without an unseen chaotic happening to Russia, the ruble should be able to trade sideways with the dollar and gain a little here and there, going forward.  I will remind you that while the ruble has rebounded from the devastating drop to 79, a year ago, the ruble traded at 35. And the Chinese renminbi followed up the big appreciation on Tuesday night, with an even bigger appreciation on Wednesday night! Good for them! I think the Chinese will use this upcoming meeting with the IMF to decide if the renminbi can be part of the SDR, as an opportunity to increase the value of the renminbi.   In other news from China, I read yesterday, where there are confirmed reports that China has been running tests on a floating renminbi. Hmmm, I know it’s only smoke, but remember what I’ve always told you, where there’s smoke, there’s fire. In a follow-up of my report yesterday on the HUGE widening of the U.S. Trade Deficit for March, I came across  some data that might just put the kyboshes on any thoughts that the initial 1st QTR GDP print of 1% will be added to in the revisions.  In fact, from what I can figure, the March Trade Deficit which was $51.4 Billion, will put the revisions of 1st QTR GDP in negative territory.  So, once again, we’ll be starting the year in the hole. Speaking of being in a hole. Oh, that’s right! I already talked about the ADP Employment report, so move along here Chuck, what have you run out of things to talk about that you’re going to resort to repeating yourself in the same letter? Shame, shame.. OK. I won’t go there, it really was just a stream of consciousness. not any attempt to repeat myself!  I guess it’s OK to talk about the Jobs Jamboree tomorrow? This Jobs Jamboree has become quite the circus event. The circus is coming to town, the circus is coming to town. Ladies and Gentlemen, welcome to the Big Event! The flying acrobats will be performing while the fire eating giant thrills the crowd, and the dog riding ponies parade around the ring!  But seriously, the Jobs Jamboree somehow has been granted the authority to decide whether or not the Fed will hike rates in June!  Crazy, I know, simply crazy, but that’s the game that’s being played by the markets right now, so get your seat under the Big Tent before it’s sold out! Well, Fed member Lockhart wasn’t the only Fed member talking yesterday. The Fed Chair, Janet Yellen got her own gig at the Institute for New Economic Thinking. In fact, on MarketWatch they have a picture of both Yellen and IMF Managing Director, Christine Lagarde, sitting next to each other in big comfy chairs, and Yellen seems to be attempting to explain something to Lagarde.   Well, in Yellen’s speech, she mentioned that, “I would highlight that equity market valuations at this point generally are quite high. They are not so high when you compare the returns on equities to the returns on safe assets like bonds, which are also very low, but there are potential dangers there.”   Pretty interesting wasn’t that? HA!  Just like an economist. on one hand we have dangerous levels of equity values, and on the other hand they aren’t so dangerous. You see, economists do this so they can point to either side of the fence they were on with their “two-handed” comment, and say, “see I told you”. of course they don’t mention then that they had hedged their statement! HA!  The thing I would have liked to hear her say is, “And this is what we at the Fed are going to do about these dangerous levels.”  Instead she said, “we need to be attentive and are to the possibility that when the Fed decides it is time to begin raising rates, these term premiums could move up and we could see a sharp jump in long-term rates.”    The key there being, “when the Fed decides it is time to begin raising rates”. Wouldn’t it just be better if she said, “get ready for we are going to raise rates at the next meeting, or next year or whenever?” And Warren Buffett and Bill Gross both think that bonds are overvalued.  Hmmm. So, if stocks and bonds correct, as these people seem to think is coming, where would you go with your cash?  May I suggest Gold?   Gold has different pricing mechanisms than Stocks or Bonds, and have the potential for numismatic values, that Stocks or Bonds don’t have, therefore is a very good asset class to include in your investment portfolio. Especially while the price is being held down so arbitrarily by manipulators that eventually will be driven from the markets. Well, so, right after writing all that about Gold. Gold is getting whacked again this morning. The shiny metal is down $9 as I write. Another Blue Light Special?  That’s for you to decide. I’m just here to point stuff out to you and make you think. I used to say things like “it’s time to look to go long kiwi” and so on, but. Those days are gone. Old days.. Good times, I remember, Fun Days, Filled with ship of pleasure. Drive in Movies, Comic Books, and blue jeans. Howdy Doody, Baseball Cards, and birthdays. Please take me back to the world gone away. -Chicago The U.S. Data Cupboard is basically empty today, with only the usual Tub Thumpin’ Thursday fare of Weekly Initial Jobless Claims, which have seen some good movement lately in the Continuing Claims, which could be good, or it could be that the people are just dropping off the list, and giving up. To recap. The U.K. election is taking place right now, and we should begin to see the exit polls as the day goes along, in an election that appears to be very tight. Norges Bank left rates unchanged and the krone is the best performing currency overnight. Greece made their payment on time to the IMF, but it was the smallest payment they have coming due, so this one was made without problems.  But the euro has given back its gains overnight in the early morning trading. Aussie employment fell 2,900, no biggie, but traders are ripping the A$ this morning. And Gold is down $9 in early morning trading. For What It’s Worth.  I had a dear reader send me a thesis titled: “Has The Invisible Hand Disappeared?”  I’m only going to give a small snippet of it. But the basic idea here is that In the last 25 years there has been a loss or decline in intrinsic demand, most people don’t really need anything today.  So, that’s where the demand has gone.  here’s your small snippet, but it will make you think.. Unfortunately today there is nothing important enough to rally around.  Nothing new.  Everything important has already been invented – ha!  (Of course not, but important inventions are genuinely few and far between.)  Control over the world populace is unprecedented.  If there are important things to rally around, such change is quickly suppressed before it can take hold. But to the point.  People have their basic necessities – what they need.  As innovation and change is stifled, big business fights over a smaller pie.  The government responds by forcing people to buy more things, which is an unending and unnatural cycle.  A vicious circle.  You can stimulate, drive and force a great deal of new demand – squeezing blood from a turnip – but eventually it dries up.  Without that, the infighting begins.  Eventually there are only a few survivors and they own or control everything.  We’re already there.  Without meaningful change in demand – something new or different – there can be no real growth, and business and the market shall remain stagnant as today.  This is likely to persist for a very long time, especially when markets are artificially controlled (manipulated) and true innovation is suppressed, if only by overwhelming barriers to entry, in favor or old ways of doing things.  This is why prices no longer move according to natural market forces we learned in school, and why the invisible hand has, in fact, disappeared.  [] Chuck again. Makes sense.  I had a dear reader send me something that’s truthful and funny in his follow up of my attempt to be funny yesterday, asking why they call it a boxing ring. The reader said, “The same faceless people that come up the economic numbers decide that you will park your car in a driveway, and drive on a parkway..  HAHAHAHA! Currencies today 5/7/15. American Style: A$ .7955, kiwi .7470, C$ .8275, euro 1.1305, sterling 1.5210, Swiss 1.0945,   . European Style: rand 12.0285, krone 7.3695, SEK 8.2130, forint 269.60, zloty 3.5830, koruna 24.2320, RUB 50.37, yen 119.25, sing 1.3310, HKD 7.7525, INR 64.23, China 6.1113, pesos 15.35, BRL 3.5835, Dollar Index 94.28, Oil $61.19, 10-year 2.27% (big move upward the past couple of days), Silver $16.33, Platinum $1,1137.26, Palladium $793.07 and Gold. $1,186.20 That’s it for today. Well, as I told you at the top this morning, my beloved Cardinals winning streak of 8 games came to a halt last night. A dear reader sent me a note the other day and said, “Chuck are you superstitious you haven’t mentioned that the Cardinals have the best record in baseball”?  And I replied, yes I am!  And that’s why I haven’t mentioned it until they lose one. Well, how about what that investigation had to say about Deflategate? They concluded that Patriots’ Quarterback Tom Brady probably knew about the deflated balls he was using in the Super Bowl, and all year according to the investigation. WOW!  Of course I’ll have all the Patriots fans ripping me today, but Cheaters are cheaters, I still feel the sting of losing to them in the Super Bowl 12 years ago! Our neighboring state, and one that I used to live in for a short time, Oklahoma is experiencing some dangerous weather, tornados, etc. My friend, Donnie Phillips who played lead guitar in our traveling band, still lives there. I hope all everyone is safe. The Moody Blues from their Seventh Sojourn album are playing their song: Isn’t Life Strange on the iPod right now. I love that album, and Life is strange isn’t it?   Well, I actually took way too much time writing today, and now I’m late! So, let’s go out there and make this a Tub Thumpin’ Thursday! Chuck Butler Managing Director EverBank Global Marketslast_img read more

Facebook experiences Second Outage in Less Than a Week

first_imgAdvertisement Social Media giant Facebook experienced Second Outage in Less Than a Week which lasted for about 42 minutes between 3pm ET (12:30am IST) and 4pm ET (1:30am IST) according to restored access to its social media website for most users on Monday afternoon.“We are currently restoring Facebook services that people had trouble accessing earlier today due to a configuration,” Facebook spokesman Jay Nancarrow said.“We are working to bring things back to normal for everyone. We apologize to those who have been inconvenienced,” he added. – Advertisement – Facebook did not disclose how many of the social network’s more than one billion users were effected by the outage.The social network’s mobile app was also back in service, while its Messenger services were working during the outage.Via NDTVlast_img read more

Jump Start for 5G Era is not Limited to Fast Speed And

first_img“Jump Start” for 5G Era is not Limited to Fast Speed, And China Mobile MIGU Aspires to Emerge as 5G+ UHD Ecosystem Booster PRNewswireJuly 2, 2019, 3:39 pmJuly 2, 2019 5G license5G UHD Arena5G+UHD experiencesMarketing TechnologyMWCNewsTechnology Previous ArticleNew Study: “Digital Natives” Value Brick and Mortar Stores More Than Their Parents or GrandparentsNext ArticleBelgian Telecom Provider Speeds Delivery of Customer Services with Oracle MWC 2019 officially closed the curtain in Shanghai. This was not only the first industry-wide event after 5G license is officially issued in China, but also a technology carnival with full coverage of the world’s largest 5G network. Three major Chinese operators, domestic and international mainstream communication equipment manufacturers and headphone brands showcased their latest technologies and products.UHD will be such an industry that launches a thorough transformation in the wake of 5G Era, which is also closely related to cultural and entertainment life of individual users. During the three-day MWC 2019, which 5G+UHD experiences have been made available to individual users? Which industry challenges and opportunities have been revealed thanks to the worldwide industry heavyweights’ brainstorming and wisdom pooling?Experience: 5G+ UHD Immersive Experience Available to EveryoneThere were seven exhibition pavilions of MWC 2019. As expected by Organizers, 60,000 professionals from 110 countries and regions attended, and 550 exhibitors supplied exhibits for exhibition. During this three-day event, “Global 5G Immersive Experience Exhibition” undoubtedly gained the highest popularity, which was organized by China Mobile and co-organized by MIGU and Global Virtual Reality Organizing Committee.In front of the first 8K MIGU Cinema in China, guests and visitors queued up at any time. Since the first Chinese-style 8K film Dance of a Dream premiered on June 26, 20 sessions were filled to capacity every day. Many experiencers marvel at the immersive experience of this 8K film.Focusing on various scenarios of daily cultural consumption (such as entertainment, sports, games, etc), MIGU also set up “5G UHD Arena”, “Museum in Movement”, “Panda 5G Paradise”, “5G Virtual Reality” and other exhibition areas together with NBA China, Chengdu Research Base of Giant Panda Breeding, Chinese Museum Association and other sports and entertainment IP partners, showing off skills in the basketball training camp supported by holographic training system, taking a millennium boat to play the game of Riverside Scene at Qingming Festival through VR, and directly watching cute giant panda Gun Gun to eat bamboo branches thousands of miles away under 5G+4K+VR. For the first time, 5G+ UHD immersive experience was available for users in a lifelike manner.It is worth mentioning that 5G UHD video, 5G UHD video polyphonic ringtone, 5G UHD fast games and other three 5G+ UHD innovative applications also made their debut on the scene, thereby offering the experiencers with HD imagination spaces under more scenarios.Marketing Technology News: New Competitive Report by BIA Advisory Services Shows Similarities and Differences Among Leading Call Tracking PlatformsCruxes: Lack of UHD Content and Three Major Pain Spots of the Whole Industry5G greeted users earlier than the expected schedule. At MWC Barcelona in late February 2019, 5G was placed in a glass showcase together with another star product: folding-screen smartphone. Just four months later, 5G’s advancement made rapid progress in MWC 2019 Shanghai. In addition to 5G+ UHD experience in the pavilions, 5G products are also unveiled. On June 27, China Mobile released the first 5G phone card in MWC 2019 Shanghai, which is called as “Huaka“. Its lowest pricing package of RMB10/month aroused the widespread attention of the whole industry. This is another important move after China Mobile announced “5G+ Plan” for the purpose of spreading 5G on the mass consumer market.However, although China’s 5G construction capability has already taken the lead in the world, the pace of 5G+ is still hindered by some cruxes, especially in UHD segment with pioneering efforts for 5G applications. At Global 5G UHD Industry Summit during MWC 2019, which was jointly organized by MIGU, Shanghai Jinqiao (Group) Co., Ltd. and Global Virtual Reality Conference Organizing Committee, leaders of Huawei, Sony China, Cameron Pace Group, BesTV, China Sports Media, China UHD Video Industry Alliance, 5G Multimedia Innovation Alliance and other worldwide UHD put their heads together and discussed the challenges and opportunities for the industry.Three major pain spots of the whole industry are insufficient supply of UHD video capabilities, shortcomings of key technologies (such as acquisition and production) and no popularization of consumer-grade terminals at the user level. Wang Bin, CEO of MIGU Video, pointed out that these pain spots lead to the immature UHD industry chain.Yan Xing, Vice President of Industry Development, Huawei Technologies, also pointed out: “Currently, 80 operators draw blueprints for UHD video services all over the world. There are 200 UHD video channels overseas, but there are only two UHD video channels in China“. According to him, from another perspective, the existing pain spots of 5G+ UHD industry really affords important opportunities, and the most important opportunity lies in UHD Content Production.Wen Xiaojun, Secretary-general of China UHD Video Industry Alliance, also commented that consumer-grade terminal mode and closed loop haven’t taken shape up to now. The business model between upstream production content, TV stations and consumers hasn’t been completely integrated. It is uncertain when these things will occur in the market.Marketing Technology News: Anexinet Continues Growth Under New OwnershipPromising Outlook: Joining Hands with Partners to Jointly Build an Ecosystem and Be Poised to 5G+ Wave with Tremendous CourageFaced with the existing pain spots of 5G+ UHD industry and the increasingly fierce global 5G competition, with a view to corner overtaking in 5G+ Era, Chinese enterprises should not only take fast pace, but also promote the all-round development and balanced development of the industry, and work together to build a favorable ecosystem.In this regard, MIGU makes full preparations. China Mobile will invest RMB3 billion to implement a plan of “5G+ UHD Enabling Digital Content Industry Innovation and Development”, which will be put into practice by MIGU. As an all-scenario immersive platform affiliated to China Mobile, MIGU has been deeply involved in video, music, reading, animation, game and other content segments for nearly five years. MIGU tapped into sports content industry during the FIFA World Cup 2018. Up to now, MIGU presents 350 live 4K sports events and live artistic performances, while its HD content library ranks first in the industry.Committed to boosting ecosystem construction of 5G UHD industry, MIGU initiated the establishment of 5G Multimedia Innovation Alliance (5MII), the first-ever alliance for digital content in China. 5MII not only comprises the entire industry chain of digital content production, transmission, dissemination and consumption, but also vigorously pushes forward media technology application and business model innovation in the context of 5G. Currently, 44 industry partners have been united of one mind. Two standards have been submitted to International Telecommunication Union (ITU), and projects have been approved for initiation. Nearly 20 collaboration research tasks have been carried out. A number of key project achievements have been made. The y new impetus has been injected into innovation and development of digital content industry.The seed, sowed by China Mobile in the field of UHD, has already broken through the soil and sprouted. With the advent of the first year of Commercial 5G, MIGU, which boasts dual advantages of 5G+ UHD technology and content, will further thrive by leaps and bounds. In order to help strengthen the UHD content production pool, during MWC 2019, MIGU also signs contracts with China Hualu Group Co., Ltd., Mango Excellent Media Co., Ltd., Wanda Film Holding Co., Ltd., International Skating Union, Real Club Deportivo Espanyol, Chengdu Research Base of Giant Panda Breeding and other partners, with a view to profoundly figuring out sports and entertainment IP content, expanding 5G+ UHD ecosphere and promoting sound development of the industry ecosystem.Marketing Technology News: Connected TV is Transforming the Digital Advertising Ecosystem: ExtremLatest Video Benchmarks Report Shows 49% of Video Ad Impressions Going to CTVIn addition, MIGU has also launched 5G+UHD Video Industry Demonstration Base together with Administration Committee of Jinqiao Economic and Technological Development Zone and Shanghai Jinqiao (Group) Co., Ltd. Three parties will jointly establish a national-level UHD joint laboratory. This is of great significance for propelling two-way enabling of 5G technology and UHD, exerting superposition effect and accelerating the innovation and development of China’s UHD industry.The unveiling of 5G and the growth of MIGU simultaneously take place. As the national team in the new media industry, MIGU will unswervingly insist on openness and integration, join hands with all partners to solve the industry development problems, and be poised to 5G+ UHD wave with tremendous courage.last_img read more