Let India beat Pakistan and ensure they don’t advance in World Cup: Sunil Gavaskar

first_imgFormer captain Sunil Gavaskar is of the opinion that India should look to play Pakistan and beat them in the upcoming ICC World Cup match on June 16 rather than boycott the arch-rivals in the tournament.Gavaskar’s suggestion is purely based on logic than emotions which are currently running high in the country following the Pulwama terror attacks in Jammu and Kashmir in which 40 Central Reserve Police Force (CRPF) jawans lost their lives on February 14.Pakistan-based terror outfit Jaish-e-Mohammed claimed responsibility for the ghastly attack on the CRPF bus which was blown up by a Jaish suicide bomber.Speaking to India Today’s Rajdeep Sardesai, Gavaskar, who was part of India’s first World Cup-winning team in 1983, provided a different solution from the ones that are being suggested by the likes of Sourav Ganguly and Harbhajan Singh, who feel boycotting Pakistan in the tournament is the best way forward.Gavaskar said not playing bilateral cricket hurts Pakistan more but giving away two points in a tournament like the World Cup would end up hurting India eventually.”If India decide not to play Pakistan in the World Cup, who wins? Pakistan will get two points. We have beaten them every time in World Cups. We can play them and beat them and make sure they don’t reach the semi-finals. Not playing bilateral series vs Pakistan hurts them.”I know India are strong enough to qualify by not playing Pakistan. Not playing bilaterally hurts them. But it’s a World Cup, it’s two points…,” Gavaskar said.advertisementThe Supreme Court-appointed Committee of Administrators (CoA) reportedly wants the Board of Control for Cricket in India (BCCI) to write a letter to the International Cricket Council (ICC) asking the world governing body to ban Pakistan from the upcoming World Cup in May-June.Gavaskar though feels, this is a step which India can look to take but it won’t result in anything eventually.”It will not happen because the other countries have to agree. India can certainly go ahead but that is not likely to happen.”The right forum is at the United Nations. I am not too sure the International Cricket Conference is the right forum to bring this up. We are all down with the tragedy. I am not too sure it will work because the other countries might say it’s an internal issue between two countries so please don’t involve us,” Gavaskar said.Also Read | Sunil Gavaskar to Imran Khan: You are my friend. Where is Naya Pakistan?Also Read | India can try and throw Pakistan out of World Cup but it won’t happen: Sunil GavaskarAlso Read | Keep Pakistan out of Cricket World Cup, BCCI to tell ICC in wake of Pulwama terror attackAlso Read | India should put pressure on ICC to throw Pakistan out of the World Cup: Chetan Chauhanlast_img read more

Leganes make history with Bernabeu win

first_imgReal Madrid v Leganés Leganes make history by dumping Real Madrid from the Copa del Rey Allen Ramsey 06:50 1/25/18 FacebookTwitterRedditcopy Comments(31) Leganes, Real Madrid Javier Soriano Real Madrid v Leganés Real Madrid Leganés Copa del Rey For the first time in their history Los Blancos have been dumped out of the Copa del Rey after winning the first leg on the road Leganes made a bit of history Wednesday, becoming the first side in history to dump Real Madrid out of the Copa del Rey with a win at the Santiago Bernabeu after losing the first leg at home. The season for Los Blancos continues to fall apart, with Zinedine Zidane’s men effectively out of the running in La Liga where rivals Barcelona are 19 points clear of Madrid. Before Wednesday, the Copa del Rey and Champions League were the best hopes of silverware left for the team and, after finding a late winner at the Estadio Municipal de Butarque through Marco Asensio, Madrid would have been confident in advancing to the semi-finals against a team that struggled against relegation last season.  Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player After all, Los Blancos had never once in their history failed to defend a first-leg Copa lead at their home ground and Leganes, though much improved this campaign, are still a bottom-half team in La Liga.Javier Eraso’s goal just after the half-hour mark put the home side on notice, as Madrid failed to register a shot on target in the first half for just the second time this season. But Karim Benzema’s equalizer just after the break had Madrid looking like favourites once more. Then came the stunner, with Gabriel putting the visiting side back in front just seven minutes later, and Madrid would never recover. The loss is a brutal blow for Madrid, who face the daunting task of Neymar, Edinson Cavani and Paris Saint-Germain in the Champions League round of 16, with Europe’s top prize the only realistic chance for silverware remaining in what has become an unfathomably disappointing season. 1 – Leganes are the first team in Copa del Rey history to knock out Real Madrid at Santiago Bernabeu after losing at home in the first leg. Correction. pic.twitter.com/tO51r3r4HK— OptaJose (@OptaJose) January 24, 2018Madrid will face three league matches against Valencia, Levante and Real Sociedad, before they get their first crack at PSG on Feb. 14, but Zidane’s side will have to find some way to get the ship righted to have any real hope of moving past the French giants. For Leganes, the win over Madrid is one for the history books for another reason as well, with the club securing a first trip to the Copa del Rey semi-finals. They will be joined in the final four by Sevilla, Valencia and either Barcelona or Espanyol.last_img read more

a month agoRangers hero Fernando Ricksen passes away

first_imgAbout the authorPaul VegasShare the loveHave your say Rangers hero Fernando Ricksen passes awayby Paul Vegasa month agoSend to a friendShare the loveFormer Rangers player Fernando Ricksen has died at age 43 after a six-year battle with motor neurone disease, the Ibrox club have confirmed.The Dutch international had been battling the condition since 2013.Ricksen was a fans’ favourite during his six-year spell at Rangers after being signed by Dick Advocaat in 2000.He helped the club win the domestic cup double in 2002, the treble in 2003 and was captain for a trophy double in 2005.Rangers said they were “deeply saddened” to be announcing the news of Ricksen’s passing.”The thoughts of everyone at Rangers is today with his wife Veronika, his daughter Isabella and all his family and friends,” the club added. last_img read more

Katherine Webb Will Apparently Be At ESPN’s College GameDay Tomorrow

first_imgUpdate: Webb has deleted the post from her Instagram page. Perhaps she jumped the gun on the news.Earlier: Katherine Webb will be returning to your television screens, college football fans – even if just for a brief moment. Friday, Webb, on Instagram, announced that on behalf of Pizza Hut, she’ll be making a “special appearance” at College GameDay tomorrow. She’ll apparently be holding a sign – and fans can win free pizza if they enter the code on it.Webb, now a model, was the talk of the 2013 BCS National Championship Game after announcers Brent Musburger and Kirk Herbstreit commented on her looks during the broadcast. She was then the girlfriend of Crimson Tide QB AJ McCarron – they’re now married.Katherine Webb Pizza Hut College GameDayWill it actually be Webb in the flesh tomorrow? We’ll find out.last_img read more

Japan urges nuclear plants to prepare for decommissioning era

first_imgTokyo: Japan’s nuclear policy-setting body adopted a report Monday saying the country is entering an era of massive nuclear plant decommissioning, urging plant operators to plan ahead to lower safety risks and costs requiring decades and billions of dollars. Twenty-four commercial reactors or 40 per cent of Japan’s total are designated for or are being decommissioned. Among them are four reactors at the Fukushima Dai-ichi plant that were severely damaged by the massive 2011 earthquake and tsunami that struck northeastern Japan. The annual nuclear white paper, adopted by the Japan Atomic Energy Commission, urges utilities to learn from US and European examples, especially those of Germany, France and Britain. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USJapan hasn’t yet completed the decommissioning of any reactors and doesn’t have concrete plans for the final disposal of radioactive waste. “Taking into consideration further increase of nuclear facilities that will be decommissioned, new technology and systems need to be developed in order to carry out the tasks efficiently and smoothly,” the report said. “It’s a whole new stage that we have to proceed to and tackle.” Japanese utilities have opted to scrap aged reactors instead of investing in safety requirements under post-Fukushima standards. The decommissioning of a typical reactor costs nearly 60 billion yen ( USD 560 million) and takes several decades. Also Read – Record number of 35 candidates in fray for SL Presidential pollsCiting the government-run Japan Atomic Energy Agency’s plan to scrap about half of its 79 research facilities, the report raised concerns about the weakening of basic research on nuclear energy. Before the Fukushima disaster, Japan had 60 commercial reactors that provided about 25 per cent of the country’s energy needs. Despite the government’s renewed ambitions for nuclear power, reactor restarts are proceeding slowly as nuclear regulators spend more time on inspections. Meanwhile, anti-nuclear sentiment persists among the public and makes it more difficult for plant operators to obtain local consent in making revisions to their facilities. Any plan related to nuclear waste storage tends to get strong resistance. Since the Fukushima accident, only nine reactors in Japan have restarted, accounting for about 3 per cent of the country’s energy supply, compared to the government’s ambitious 20-22 per cent target. In July, Tokyo Electric Power Holdings Co., or TEPCO, announced plans to decommission all four reactors at its second Fukushima plant, Fukushima Dai-ni, which narrowly avoided meltdowns in 2011. The move followed eight years of demands by the local government and residents for the reactors’ closure. TEPCO said the decommissioning of Fukushima Dai-ni alone would cost 410 billion yen ( USD 3.9 billion) and would take four decades, but experts have raised concerns about whether those estimates are realistic for a company already struggling with the ongoing cleanup of the wrecked Fukushima plant, estimated to cost about 8 trillion yen ( USD 75 billion). Japan Atomic Power Co., which has been decommissioning its Tokai nuclear plant since 2001, announced in March that it was pushing back the planned completion of the project by five years, to 2030, because the company still has been unable to remove and store highly radioactive materials from the core.last_img read more

Troy Smith earns starting nod for 49ers

Former Ohio State Heisman trophy-winning quarterback Troy Smith will get the third start of his career — and his first since the 2007 season — when his San Francisco 49ers take on the Denver Broncos on Sunday in London. Cut by the Baltimore Ravens after the last day of training camp on Aug. 20, Smith was claimed off the waivers by San Francisco. He spent the team’s first seven games as the third-string quarterback. “The way that you prepare as a professional athlete, you have to be prepared when your number is called,” Smith told local media in San Francisco after practice Wednesday. “And that’s exactly where I’m at.” Smith faces the difficult task of turning around San Francisco’s 1-6 start. Starting quarterback Alex Smith separated his non-throwing shoulder when he was sacked in the third quarter of last Sunday’s 23-20 loss at Carolina. Backup David Carr took his place and threw a costly interception. “I think Troy Smith gives us a good opportunity to win this game,” coach Mike Singletary told media in a press conference Wednesday. “He’s been studying since we got here and he’s been getting with the coaches as much as he possibly could. He has enough of the offense to play.” Joining the 49ers this offseason, Smith reunited with former OSU and high school teammate Ted Ginn, who was acquired by the 49ers in an offseason trade with the Miami Dolphins. Ginn was one of Smith’s favorite targets in his 2006 Heisman campaign and was on the receiving end of nine of Smith’s 30 touchdown passes. “We just did so much together for so many years and had great success,” Ginn said. “He’s always been big brother and I’ve been little brother. It’s not really going to ever change, no matter how old we get.” Smith said he is prepared to play and knows that things can’t get worse for the struggling 49ers. “I think the easiest way to get through to your teammates is to show that you know exactly what your job is, what everyone expects of you and to go out there and execute,” Smith said. “We have a tremendous group of guys around us and we can do nothing but get better.” Smith has made two starts in his four-year NFL career. He took over for an injured Kyle Boller and went 1-1 in the last two games of the 2007 season. In those contests, he completed 32 of 60 passes, throwing for two touchdowns and no interceptions. Singletary hopes Smith can bring some stability to a 49ers team that has been viewed as a disappointment in the shaky NFC West. “The No. 1 thing I like about him … is leadership,” Singletary said. “That is his ability to get everybody on the same page.” Although Ginn is excited to join his Buckeye counterpart in the huddle, he said that it will take time for Smith to shake off the rust. “It’ll take some time,” Ginn told Comcast Sportsnet Bay Area. “We can’t expect him to go in and be a Tom Brady. We just want him to go in and be Troy Smith, enjoy his time and make a difference.” read more

Mens hockey Mason Jobst named firstteam four other Buckeyes receive B1G honors

OSU sophomore forward Mason Jobst (26) tries to get past Michigan State redshirt freshman defender Jerad Rosburg (57) in a game on March 3 at the Schottenstein Center in Columbus, Ohio. Credit: Kevin Stankiewicz | Lantern photographerFive members of the 13th-ranked Ohio State men’s hockey team received Big Ten honors on Monday.Sophomore forward Mason Jobst was named to the All-Big Ten first team and recognized as the conference’s scoring co-champion with Minnesota sophomore forward Tyler Sheehy, racking up 34 points in conference play. Sheehy won Big Ten Player of the Year.Jobst had 13 goals and 21 assists in league play, and collected 51 points on 18 goals and 33 assists in the regular season.A trio of seniors were named to the All-Big Ten second team — goaltender Christian Frey, defenseman Josh Healey and forward captain Nick Schilkey.Sophomore forward Dakota Joshua was an honorable mention selection, scoring a career-high 11 goals and 22 assists, including nine goals and 11 assists coming in Big Ten play.On Saturday at Wisconsin, Jobst scored a goal and had an assist to surpass the 50-point barrier for the first time since R.J. Umberger had 53 points in 2003.Jobst ranks ninth in the NCAA in points per game (1.42), but leads the nation in the category since the start of the second half of the year (1.67).Following first-team honors in 2016, Healey earned his way onto the second-team all-conference with 24 points on four goals and 20 assists. His plus-18 rating is third among blue-liners in the conference and ranks eighth nationally at his position.Schilkey was the do-it-all player for the Buckeyes in the regular season. The senior from Marysville, Michigan, led the Big Ten with 26 goals and ranks second in the NCAA with .81 goals per game. The 26 goals are the highest single-season total for one player in the program since 1997. He had 39 points in the regular season, 18 of which came against Big Ten opponents.Frey ended the season with a .916 save percentage in conference games and a .910 save percentage in the regular season. Frey was injured for part of the season, and shared playing time with fellow senior goaltender Matt Tomkins. Frey was 9-7-3 with one shutout this season.Senior goaltender Logan Davis received one of six Big Ten sportsmanship awards.OSU plays in the Big Ten quarterfinals against Michigan State in Detroit at Joe Louis Arena on Thursday at 4:30 p.m. read more

Bielsa denies contact with City Spurs

first_imgLeeds United manager Marcelo Bielsa has denied making any contact with Manchester City or Tottenham Hotspur as regards to signing some of their players on loan.The new Leeds boss hasn’t spoken to any of the two club’s managers about any form of loan deals.Bielsa enjoys a very good relationship with both Pep Guardiola and Mauricio Pochettino, with the latter playing under him during his stint as the manager of Argentine club Newell’s Old Boys.“I don’t think it would have been a good thing to do to use a personal relationship of respect and love you have for both of them for a professional reason. You don’t have to manipulate the professional decisions.” Bielsa said, according to Yorkshire Post.Meanwhile, Sky Bet Championship promotion hopefuls Aston Villa are planning to sign two Newcastle United players on loan before the loan window closes on August 31.Victor Wanyama, Tottenham Hotspur, Premier LeaguePochettino admits Wanyama remains in his Spurs plans Manuel R. Medina – September 14, 2019 Kenyan international, Victor Wanyama, was the protagonist of a summer transfer saga, but in the end, he is set to stay at Tottenham Hotspur.The Villans want Isaac Hayden and Ciaran Clark to join them on loan for the entire duration of the 2018-19 season.Hayden has been linked with a move away from St. James Park all summer but a permanent moved failed to materialize before the close of the Premier League transfer window last week.Stoke City are also believed to be interested in signing the former Arsenal midfielder on loan.Aston Villa want former centre-back Ciaran Clark to join the club on loan. Clark left Villa Park in 2016 to sign for Newcastle on a permanent basis.last_img read more

Government House Chef Jared Forbes spends six weeks as a Royal Household

first_imgJared Forbes Caribbean Students Meeting Prince Harry Related Items:center_img Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, August 21, 2017 – Nassau – Congratulations to Chef Jared Forbes, Government House’s Food Service Manager for the last six years, who gained the unique opportunity to participate in Royal Household Hospitality Scholarship training in Britain recently to enhance mastery of his culinary craft.The programme of six weeks provided study with seven other scholars within the Master of the Household’s Department in the Queen’s Residences at Buckingham Palace and Windsor Castle.   The circle of eight students were from Caribbean Commonwealth nations of Antigua and Barbuda, Bahamas, Barbados, Belize, Jamaica, St Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.During a recent Royal Tour of the Caribbean, Prince Harry made a public statement regarding the opportunities the scholarship has offered to talented Caribbean hospitality professionals.   The programme tests the scholars’ ability to quickly use their individual problem solving techniques with real time scenarios that take place in the Royal Household daily to improve upon their efficiency while building positive relationships.By assisting the Royal Household during the complex pageantry of Royal events, such as the delivery of the 2017 Royal Ascot week at Windsor Castle this past June, the scholars showed significant improvement in high level hospitality service on a multi-international level.The Royal Household students learned and implemented the Royal Household techniques, and they also were afforded the opportunity to meet industry leaders and trade contacts with specialist suppliers, experiences that helped them understand the networking necessary to support the hospitality industry.After the programme was completed, the eight students attended a reception as they looked back at what they accomplished together in six weeks. They each received a certificate presented to them by the Master of The Household, Vice-Admiral Tony Johnstone-Burt, in the presence of the Caribbean High Commissioners representing each nation that participated.PHOTOSlast_img read more

Euro 2016 Five companies benefiting from the tournament

first_imgEngland, Wales and Northern Ireland have all managed to qualify for the knockout stages of Euro 2016, with optimism high that they can progress further. Wales and Northern Ireland face each other in Paris on 25 June, guaranteeing one of them a place in the quarter finals. England on the other hand will fancy their chances against an Iceland team ranked 34th in the world when they meet two days later.Who could benefit from continued home nations success?Looking at the business world, there are a number of areas where companies could profit from a good run by the three home nation teams. I would concentrate on companies in the following areas:Sports retail: i.e. companies selling replica shirts, balls and footwear.Branded sportswear makers: those making the official replica kits and football paraphernalia.Pub chains: judging from the crowds in the pubs every time a home nations game is on the television, pubs should clearly benefit.Bookmakers: football betting has clearly been a huge winner from the Euros.Media: Bigger TV audiences for Euro 2016 games mean bumper advertising revenues for the TV companies showing the games.Takeaway food: Pizzas for sharing and other takeaway food are much in demand for football nights in with friends.1) Sports retailers: JD Sports, Sports DirectThe most obvious beneficiaries are the sports retailers JD Sports (UK code: JD.) and Sports Direct (UK code: SPD).In fact, JD Sports even stated just last week that they had been recently benefiting from a further boost to sales from the Uefa Euro 2016 Tournament, which has boosted their profitability.Sports Direct has been in the news this month as founder Mike Ashley appeared in front of a House of Commons committee to discuss the groups controversial employment practices. But this has probably taken the limelight away from what should be a strong trading performance for the retailer this summer.And let us not forget, later on this summer we also have another huge sporting event, the Rio Olympic Games, which could trigger further enthusiasm for sports in general, including disciplines where Team GB have been traditionally strong like track and road cycling (think Halfords, UK code HFD).2) Sportswear makers: AdidasWho makes the kit for the Wales football team? The sports brand Adidas which is listed on the Xetra Stock Exchange in Germany (German code: ADS), who also make the official Euro tournament football.Just like JD Sports, Adidas has performed strongly in share price terms since the beginning of 2015, up nearly 100% over the last year and a half (Chart 1).3) Pub chains: JD Wetherspoon, Greene KingPubs around the country have been full to brimming every time a home nation game has been shown – that has got to be good news for pub chains such as JD Wetherspoon (UK code: JDW) and Greene King (UK code: GNK).As an example of the boost to pub drink sales, Welsh pubs recorded an impressive 41% rise in takings between 5pm and midnight on the night of the Wales-England football game, compared to an average Thursday in June. In England, the equivalent increase was 32%, so good, but not as good as in Wales.4) Bookmakers: William Hill, Paddy Power Betfair, LadbrokesBookmakers should be making hay from the Euro 2016 championships, judging by the avalanche on in-play online betting advertisements that are shown at each half-time.The three main listed UK bookmakers are: Paddy Power Betfair (UK code: PPB), William Hill (UK code: WMH) and Ladbrokes (UK code: LAD).Online betting rivals Bwin has previously stated it expected the Euro 2016 tournament to drive its growth this year.5) Media (Advertising): ITVWell, the TV broadcasting rights for the Euros are being shared by the BBC and ITV. So, the longer the Home Nations remain in the tournament, the better for ITVs (UK code: ITV) advertising revenues.Back in March at the time of their last results announcement, the TV broadcaster predicted it would outperform the UK TV advertising market this year, boosted in particular by strong advertising revenues around Euro 2016.Note that ITV is being forecast strong growth in pre-tax profits over the next three years, as a function of advertising growth as well as growth in sales of its TV productions.6) Takeaway Food: Dominos Pizza, Just EatOn those football nights when you want to share some quick and easy food with your mates while gathered around the box, takeaway food specialists Dominos Pizza UK (UK code: DOM) and Just Eat (code: JE.) should profit from a boom in online and telephone orders.Dominos Pizza UK, which runs all the franchises in the UK, has enjoyed a phenomenal run of growth over the last few years, posting 16% growth in sales in 2015 (Chart 3).Of all of these companies, I find both Sports Direct and ITV of particular interest, as I expect them to continue to generate decent growth while currently trading at attractive valuation levels.last_img read more

Rohit Sharma slams century against Bangladesh equals massive World Cup record eyes

first_imgVirat Kohli won the toss and elected to bat first on a pitch which seemed conducive for stroke play. India got off to a stellar start as Rohit Sharma and KL Rahul put together a superb century stand for the first wicket. While Rahul was not entirely fluent, Rohit Sharma was at his best and after he was put down by Tamim Iqbal on 9, he never looked back.He galloped along to his fourth century in the World Cup and thus equalled the feat of former Sri Lankan captain Kumar Sangakkara as the player to have scored four centuries in one single edition of the World Cup. Sangakkara smashed four centuries on the bounce in the last edition in 2015. Overall, the Indian opener now has five centuries in World Cup and is now tied with former Australian captain Ricky Ponting and is one century short of Indian batting icon Sachin Tendulkar, who has 6 centuries to his name. Rohit joined Sachin Tendulkar in an exclusive list Rohit SharmaICC TwitterAlso, during this innings, Rohit joined Sachin Tendulkar in an exclusive club as the Indian opener became the second Indian batsman after Sachin Tendulkar to score 500 runs in a single edition of the World Cup. The batting icon achieved this feat twice during the course of his illustrious career (673 runs in 2003 and 523 runs in 1996).It has been a brilliant tournament for Rohit so far as he started the campaign with a brilliant unbeaten 122 against South Africa and followed it up with 57 against defending champions Australia. He then smacked a superb century against Pakistan in Manchester. After stuttering in the two matches against Afghanistan and West Indies, he hit form again in the match against England, where he scored 102.Despite India’s stellar start and a solid platform, the middle order stuttered once again and Mustafizur bagged a 5-wicket haul as Bangladesh managed to pull things back considerably as India could only manage 314. Rohit SharmaICC TwitterSpeaking at the end of the innings, KL Rahul said that the pitch was slow where the bowlers can restrict the scoring and apply pressure on the batsmen.”It will come and it is due. (The surface is) Pretty similar to what we played on a couple of days ago against England. It is really slow. The bowlers have bowled here before and know what lengths to bowl, what pace to bowl and hopefully, we will come out and execute our plans,” Rahul said after the Indian innings.last_img read more

ESPN employees gear up for a notsohappy Thanksgiving as firm set to

first_img ESPN layoffs see 100 employees face cuts Close As the United States celebrates Thanksgiving today, November 23, it looks like several ESPN employees will have little to give thanks for. The US-based global cable and satellite sports television channel is set to lay off about 100 staffers between Thanksgiving and Christmas reportedly due to budget constraints.A lot of these job cuts are said to be from the television division, including producers, executives, and digital and technology employees and staffers of the SportsCenter franchise are also likely to bear the brunt of the move, reported Sports Illustrated.With this round of layoffs, ESPN is likely to slash an estimated amount of $80 million in salaries and other expenses. Speaking of the planned layoffs, a source told Sporting News: “ESPN is dealing with three simple math problems. They have fewer subscribers than they planned for. They have higher costs than they planned for. They have lower ratings than they hoped for.”ESPN’s budget is said to have been impacted by the increasing costs of event rights as well as the advent of online streaming services, due to which it has also lost several customers.Another source also told the site that many ESPN employees are worried about the reported layoffs and have already been sending resumes to competitors. “The narrative from many long-timers still there is: ‘I know my day is coming. It’s not if. It’s when.'”While these layoffs have been a hot topic for discussion for a while now, with employees said to be feeling “queasy,” about the job cuts, ESPN is yet to comment on any of these reports.Even though the network remains one of the most preferred firms for job seekers in the field of sports and has also been hiring several employees, ESPN also seems to be cutting jobs on a regular basis. In April, the television channel laid off about 100 employees, which included about 10 percent of its on-air staffers and writers. A not-so-happy Thanksgiving for employees as ESPN gears up to cut about 100 jobsReutersExplaining its stand ESPN had then said: “A necessary component of managing change involves constantly evaluating how we best utilize all of our resources, and that sometimes involves difficult decisions.”Additionally, in October 2015, ESPN cut about 300 jobs, which included employees that had been with the channel for several years, and helped build the brand with all their hearts. At the time, ESPN president John Skipper had written to the firm’s employees and said that the job cuts was a part of “a number of organizational changes at ESPN to better support our future goals.””I realize this process will be difficult – for everyone – but we believe the steps we are taking will ultimately create important competitive advantages for our business over the long term. I sincerely appreciate your professionalism and continued support as we move forward to ensure the continued success of ESPN and assure sports fans everywhere the best is yet to come,” Skipper added.last_img read more

Republican Pete Flores Democrat Pete Gallego Set for Runoff for Uresti Seat

first_img Share Bob Daemmrich: Gallego/Campaign websiteFormer U.S. Rep. Pete Gallegos (left), a Democrat, and Republican Peter Flores are running for state Senate District 19.Republican Pete Flores and Democrat Pete Gallego are headed to a runoff in the special election to replace convicted former state Sen. Carlos Uresti, D-San Antonio.With all precincts reporting Tuesday night, Flores led Gallego by 5 percentage points, 34 percent to 29 percent, according to unofficial returns. At 24 percent, state Rep. Roland Gutierrez of San Antonio came in third in the eight-way race, and he conceded in a statement. The five other candidates were in single digits, including Uresti’s brother, outgoing state Rep. Tomas Uresti of San Antonio.The first-place finish by Flores, who unsuccessfully challenged Carlos Uresti in 2016, is a boon to Republicans in the Democratic-leaning district. In the home stretch of the race, Flores benefited from a raft of endorsements from Texas’ top elected officials including Gov. Greg Abbott, Lt. Gov. Dan Patrick, and U.S. Sens. John Cornyn and Ted Cruz.Their heft will continue to be tested in a district considered friendly to Democrats, if not solidly in their column. After taking congratulatory calls from Abbott and Patrick, Flores issued a statement insisting a second-round victory was within reach.“I know we can win this runoff,” Flores said. “We will win this runoff. The real work begins tomorrow.”Rallying supporters in San Antonio, Gallego promised his campaign would not get outworked in the overtime round. “I know, in the final analysis, we win,” he said.The special election was triggered in June, when Carlos Uresti resigned after being found guilty of 11 felonies, including securities fraud and money laundering, tied to his work with a now-defunct oilfield services company. He was sentenced to 12 years in prison days after he stepped down.Much of the action in the race centered on Gutierrez and Gallego, a former congressman and longtime state House member from West Texas. Gutierrez went after Gallego over questions about whether he lives in the district, among other things, while Gallego highlighted Gutierrez’s history of tax problems.Flores, a former Texas game warden, was the best-known of three Republicans on the ballot Tuesday. He received 40 percent of the vote against Carlos Uresti two years ago in SD-19, which encompasses a 17-county area that starts on San Antonio’s East Side and sprawls hundreds of miles west.last_img read more

502 Derby Highlights Louisvilles 2019 Spring Schedule

first_img LOUISVILLE, Ky. – The University of Louisville men’s soccer team announced its 2019 spring schedule, highlighted by the 502 Derby against Louisville City FC on March 2 at 5 p.m., ET at Dr. Mark and Cindy Lynn Stadium.The spring friendly against the two-time and reigning United Soccer League champions from LouCity will be the first of three home exhibition matches for the Cardinals under the direction of first-year head coach John Michael Hayden. UofL will also host Lipscomb on March 30 at 6 p.m., and before concluding the spring at home against Indiana on April 19 at 7:30 p.m. Louisville will also play a spring exhibition match on the road at Lindsey Wilson on April 5 at 7 p.m.”We’re very excited about the upcoming spring competitions,” Hayden said. “Each opponent will present different challenges that will allow our team to grow from both individual and collective perspectives.”Tickets for the 502 Derby at Lynn Stadium are $10 for reserved chairback seats and $5 for general admission/berm seating and will be on sale to the public starting Monday, Feb. 11 at 9 a.m., ET. Tickets can be purchased online at GoCards.com, by calling 502-GO-CARDS or by visiting the Louisville Cardinals Ticket Office, located near Gate 2 at Cardinal Stadium (2800 South Floyd Street) on weekdays from 9 a.m., until 5 p.m., ET.The Cardinals ended their 2018 season with an 11-5-3 record overall and ranked 16th in the final United Soccer Coaches poll after advancing to the NCAA Championship for the third straight season and the 11th time in the last 12 years. The 2018 season included the program’s first ACC Championship title after Louisville earned victories over Notre Dame, Wake Forest and North Carolina in a span of eight days. As the focus turns to the 2019 season, Hayden and his coaching staff will use this demanding spring slate to prepare the Cardinals for what they will encounter in the fall during the regular season.”The spring allows us to evaluate ourselves while also honing in on the playing model we hope to see in the fall,” said Hayden. “The quality of our competition this spring will help prepare us as we plan for a demanding fall schedule.”Louisville City FC comes to Lynn Stadium to complete the team’s first preseason under head coach John Hackworth. LouCity is coming off its second consecutive USL Cup Championship, becoming the first team in USL history to win back-to-back titles. City returns 17 of their 22 championship players this season, including Louisville men’s soccer alumnus Paolo DelPiccolo.Lipscomb advanced to the third round of the 2018 NCAA Championship before ending its season with a 2-1 loss at Kentucky. The Bisons were 10-10-1 overall and 5-1-0 in the Atlantic Sun before earning an automatic berth into the NCAA Championship with a 2-0 win over Stetson in the ASUN title match.Indiana registered a 20-3-1 record overall after falling 2-0 to Maryland in the semifinal round of the 2018 NCAA College Cup in Santa Barbara. The Hoosiers were 8-0-0 in the Big Ten before earning the league’s automatic bid into the NCAA Championship with a 3-0 win over Michigan in the title match of the Big Ten Tournament.Along with the three spring matches at Lynn Stadium, the Cardinals will also host SIU Edwardsville for a closed match (not open to the public) on Feb. 23. Fans can follow Louisville men’s soccer on Twitter, Facebook or Instagram at @UofLmenssoccer.2019 LOUISVILLE MEN’S SOCCER SPRING SCHEDULESaturday, Feb. 23 | vs. SIU Edwardsville | 5 p.m. | Closed to PublicSaturday, March 2 | 502 Derby vs. Louisville City FC | 5 p.m. | Lynn StadiumSaturday, March 30 | vs. Lipscomb | 6 p.m. | Lynn StadiumFriday, April 5 | at Lindsey Wilson | 7 p.m.Friday, April 19 | vs. Indiana | 7:30 p.m. | Lynn Stadium Story Links Print Friendly Versionlast_img read more

Sell more of Los Angeles with new specialist training program

first_img<< Previous PostNext Post >> LOS ANGELES — Travel agents can become an ‘L.A.’ Insider’ with a new specialist training program by the Los Angeles Tourism & Convention Board (L.A. Tourism).The new online training tool, which is both mobile and tablet-friendly, is the first of its kind for the organization, and is designed to help Canadian and U.S. travel trade better sell the city.According to L.A. Tourism, demand for a bespoke online portal of information and selling tools has been growing, as global demand to visit Los Angeles continues its rapid upward trajectory. A record 48.3 million tourists visited L.A. in 2017; by 2020, 50 million tourists are expected.“We’re proud to launch such an advanced training program, one that will help our clients discover L.A. like an insider and sell L.A. like an expert,” said Ashlee Ciora, Senior Director, Tourism. “Los Angeles’ welcoming spirit, celebration of diversity and perfect weather are bringing visitors in greater numbers. New restaurants, attractions and hotels are opening up quickly to meet demand and it can be difficult to stay on top of all the new developments – L.A. Insider aims to provide the travel trade with a one-stop-shop platform for everything they need.”More news:  Honolulu authorities investigate arsons at 3 Waikiki hotels; no injuries reportedL.A. Insider will provide easy access to L.A. Tourism’s marketing assets, sales collateral such as factsheets, maps, videos and even neighborhood tours in virtual reality. The program also provides information on Los Angeles International Airport (LAX), and updates on the airport’s multi-billion dollar modernization program with multimedia assets added as they become available.Participants who complete the L.A. Insider training will receive a certificate, access to discounts and specials from L.A. members, the opportunity to participate in fams and be entered to win a trip to one of L.A.’s award shows.Localized modules of L.A. Insider will be launched for English-speaking international markets throughout March 2018 and L.A. Insider will be rolled out in Spanish, French, German, Korean and Japanese over the coming months with more languages to follow. The market specific modules will feature videos of expats describing what it is they love about Los Angeles and tips to make the most of a visit.More news:  TRAVELSAVERS welcomes Julie Virgilio to the teamTo learn more or enroll please visit insider.discoverlosangeles.com. Wednesday, February 21, 2018 Share Sell more of Los Angeles with new specialist training programcenter_img Posted by Tags: Education, Los Angeles Travelweek Group last_img read more

European Union blacklists seafood trade in Belize

first_img Facebook Comments In its toughest move yet to eradicate illegal fishing, the European Union on Monday blacklisted Belize, Cambodia and Guinea, effectively banning their products from the world’s most valuable seafood market.The move to target the three “as countries acting insufficiently against illegal fishing” means EU states will now be required to ban their fish imports and EU vessels required to stay out of their waters.“These decisions are historic,” said the EU’s Fisheries Commissioner Maria Damanaki. “I want EU citizens to know that the fish they consume is sustainable, wherever it comes from.”Illegal fishing is estimated to account for 15 percent of world catches and the decision by the EU, which imports 65 percent of its seafood, won swift praise from environmental groups.“Illegal, unreported and unregulated fishing depletes fish stocks, damages marine ecosystems, puts legitimate fishers at an unfair disadvantage and jeopardizes the livelihoods of some of the world’s most vulnerable communities,” said WWF, Oceana, the Pew Charitable Trusts and the Environmental Justice Foundation.The three countries were among eight nations warned in late 2012 to take action against illegal fishing or face such action.The European Commission considered that the five other nations warned — Panama, Fiji, Togo, Sri Lanka and Vanuatu — had made significant progress, but the Commission is continuing to monitor the situation.Another three countries — South Korea, Ghana and Curacao — received warning “yellow cards” in November and are currently being evaluated. Related posts:European Union offers $3.4 billion aid package for Latin America Costa Rican Coast Guard arrests boat captain for alleged shark finning Offshore drilling could threaten Belize’s Great Blue Hole The best of long-form journalism in 2015 from The Tico Timeslast_img read more

The climate controlled volume constituting the inn

first_imgThe climate controlled volume constituting the inner park defined by the two structures features a greenhouse in winter and a parasol in summer. [Image: Dennis Gerigk & text: sa] April 20, 2005Paolo Soleri introduced his most recent design in Arcology Theory during a conference at FALA 2005 in Macau, China. FALA stands for The Forum of Asia’s Leading Architects. SOLARE, the Lean Linear City, is proposed as a possible alternative to the developing technocracy now endorsed and pursued by China. SOLARE proposes the development of a habitat that may respond to some of the critical situations now taking form in China. Paolo Soleri introduced his most recent design in Arcology Theory during a conference at FALA 2005 in Macau, China. FALA stands for The Forum of Asia’s Leading Architects. SOLARE, the Lean Linear City, is proposed as a possible alternative to the developing technocracy now endorsed and pursued by China. SOLARE proposes the development of a habitat that may respond to some of the critical situations now taking form in China. [Image: Cosanti Foundation & text: sa] SOLARE proposes a continuous urban ribbon, designed to intercept wind patterns of the region. Two main parallel structures of thirty or more stories extending for kilometers to hundreds of kilometers are one of it’s main characteristics. Each module can accommodate a population of about 1500 people and the spaces for productive, commercial, institutional, cultural, recreational, and health activities. Each module is able to harvest a percentage of its energy needs on the spot, in addition to the staple harvests, such as fruits and vegetables. [Image: Cosanti Foundation & text: sa]center_img At the base of the city are the greenhouse aprons [southerly side] and orchard aprons [northerly side].Paolo Soleri will present this new concept of SOLARE during the event scheduled at Arcosanti this week-end, April. 23. [Image: Dennis Gerigk & text: sa]last_img read more

Rep Glenn testifies on bill preventing conflicts of interest in wind farm

first_img Categories: Glenn News,News 12Dec Rep. Glenn testifies on bill preventing conflicts of interest in wind farm deals Rep. Gary Glenn (R-Williams Township), chair of the Michigan House Energy Policy Committee, testified today on his bill preventing conflicts of interest for local officials related to potential wind farm developments.Glenn’s bill would prohibit members of local government planning commissions from voting on issues on which they or their families have direct financial interests. The bill includes strong provisions to make sure local officials can’t vote to allow wind projects if those officials would personally profit because they have already signed a wind lease contract on their own private property.Failure to disqualify themselves from such votes would constitute grounds for removal from office and could result in a felony charge and fines.“Public officials should act in the public’s best interests – not their own financial interests,” Glenn said after testifying on his bill. “Government officials shouldn’t be voting on wind farm developments if they stand to personally profit from the projects.”The legislation would apply to any potential conflict of interest situation where a planning commission member has a direct financial interest. According to testimony Tuesday, conflict of interest concerns have surfaced in several proposed wind farm locations in Michigan.Glenn’s bill would strengthen current law regarding conflicts of interest at the local government level.“Existing law has not sufficiently addressed this issue,” Glenn said. “We need legislation with some teeth in it. We cannot have situations where members of a government board would be allowed to vote on a project that would pay them $1,000 or more a month if the project is approved.”Glenn said the need for this measure has been heightened because of the state’s mandate that 15 percent of all energy come from renewable sources.Glenn added that he wants to ensure decision-making authority regarding commercial wind projects remains in the hands of local officials or local residents themselves.“These decisions about whether to allow wind energy developments should be made at the local level, and they should be made with integrity and without conflict of interest,” Glenn said.House Bill 4968 remains in the Energy Policy Committee.###last_img read more

When my fatherinlaw died my wife and I took ove

first_imgWhen my father-in-law died, my wife and I took over the responsibility of looking after her mother, who I affectionately called “grandma.” We quickly connected with a very nice lady who was a broker at one of the top brokerage firms in the country. Over time she became a mentor, advisor, and friend. Although she’s been retired for quite some time, we’re still in contact and are very close. If I were to pick one attribute that sets her apart, it would be honesty. Ask her a tough question and she’ll give you a straight answer, even though it may personally cost her some money. Around the time that many of the online discount brokerage firms were emerging, our nice lady broker put in a trade where we sold 1,000 shares of a stock at $24/share, so the trade was $24,000.00. When we got the transaction sheet in the mail, there were some small fees, but her firm took a $240 commission just for handling the transaction. I called and asked her how the firm justified those fees to its clients. We were being bombarded with television commercials, letters, and flyers from discount brokers who would handle the transaction for only $19.95. Basically, I asked her what the extra $220 in commissions bought us. She was very straightforward, and it was apparent I was not the first client to ask. She said that she cut the commission to rock bottom, meaning there was no lower fee structure available, and then went on to explain that discount brokers were merely transactional brokers with no research departments and no advice. They just processed transactions. By contrast, her firm had all these high-priced folks in New York who did tons of research and analysis and provided advice and guidance. I then (with her help) wrote a letter stating that I was toying with making an investment in a particular market but wasn’t quite sure if the sector made sense – and if it did, what particular stock would be the best choice? She took my letter, put her cover letter on top of it, and sent it to her firm’s gurus in New York. A short time later, we got back a 2-3 page report discussing the sector and recommending a particular company to invest in. They recommended it as a “strong buy.” It was also clear that the primary reason they felt that way was a chart showing that 8 of 10 major firms recommended the company as a “buy or strong buy.” Other than the standard information about growth, P/E ratios etc., there was really not a whole lot of support behind why the particular stock was supposedly so appealing. Honestly, I went nuts when I read the report, because simply saying that 8 of 10 major firms recommended something was not research. Actually, it was an admission of delegating the research to some other firm and then hoping it did it right. Perhaps that was why the P/E ratio was so ridiculously high; the investing guru Benjamin Graham would have been telling his clients to sell the same stock. So I asked our broker, “What happens if some researcher gets a tip from his barber on a stock, then he goes to the office and recommends it as a ‘buy.’ Then another firm picks up on it and also recommends it, and pretty soon 8 of 10 recommend it. That alone would drive up the price of the stock, but who actually did any research?” She grinned and mentioned something about the integrity of the individual doing the job. When I wrote the letter, I’d wanted someone to do the type of research Benjamin Graham discussed in The Intelligent Investor. I wanted them to find a stock that’s not on anyone else’s list with a P/E that was within reasonable guidelines. Heck, by the time 8 of 10 major firms have rated it as a “buy or strong buy,” it’s too late. At that point Graham and his clients would be taking their profits. In today’s lingo, the Casey group would have recommended you sell at least half of it and perhaps retain some of the investment as a “free ride.” Not long after that, our friend retired, and I switched the family accounts to a discount online broker. As I was surfing its website, I noticed a “Research” tab. I clicked on it and typed in the symbol of the stock, and up popped several available reports and a one-page summary. I realized then that what we got from the high-priced, old-line brokerage firm was not much different than the summary that had just popped up on my computer screen. Sad to say, some of the things that I’ve seen passed off as research are like sugar-free Jell-O topped with fat-free Cool Whip; it has the illusion of substance… but not much else. For the next several years, what little I had for research I did through the search engine of my online broker. It was boring, tedious, and time-consuming. Perhaps like some other investors, I wanted to find an easy way out. At that time I was subscribing to several investment newsletters that all touted their research and weren’t shy about making specific investment recommendations, something the discount brokers stayed away from at the time. Some did their job better than others. For close to a decade I didn’t use investment services because we had most of our portfolio in CDs. It wasn’t until late 2008, when we began to actively self-manage our portfolio, that we began to subscribe to various newsletters again. I quickly noticed that they seemed to be more highly specialized. The newsletters had true experts in a particular market sector or investment doing the research and making the recommendations. This isn’t meant to be a shameless plug, but I read a couple of the Casey newsletters like BIG GOLD, where there are folks on the ground, photos of the various mines, backgrounds, and where the author had known the principals for a couple decades. I was impressed. I’d never read any of this kind of stuff sifting through information from my discount broker, nor had I ever seen this level of detail from the so-called “full-service” brokers either. By comparison, I saw recommendations for companies I had never heard of and never saw references to any other firm or service making those recommendations. In a recent edition of The Intelligent Investor, there’s an article in the appendix section in which the author has tracked the career of five folks who were trained by Benjamin Graham. Each went out on his own, applied the techniques he was taught and over time put together a portfolio that made him and his clients very wealthy. However, there was almost zero overlap between those portfolios. Each had used the Graham criteria – but found his own recommendations. If 8 of 10 major firms recommended a given stock as a “buy or strong buy,” they all would have likely passed it over and moved on. The recent Facebook IPO certainly caused quite an uproar. Goldman Sachs handled the IPO, and according to several reports sold over a billion dollars in Facebook stock the first day. Shortly afterward, the news was full of stories that Facebook’s earnings were downgraded just before the offer and that information had been withheld from the general public. Only certain large clients and brokerage firms were made aware of that information. I personally no longer deal with a full-service broker, and I strongly recommend doing your own due diligence as opposed to blindly accepting any recommendation. For many years major firms would put a stock on a “strong buy” list, and the stock may jump 4-5 points simply because of that recommendation. My retired friend told me of cases where she knew that the firm making the recommendation had several million shares in its inventory. When it recommended the stock as a “strong buy,” it was taking the other half of the trade and making a nice profit. She said “theoretically” the SEC has put a stop to that. I recently learned that some financial research involves picks that are paid for by the companies being recommended. That’s not the case at Miller’s Money Forever, but until recently I was naïve enough to believe that all subscription-based financial newsletters were only compensated by their subscribers. How silly of me! It makes sense to do your due diligence on the companies you invest in. But you should also understand the motivations and incentives driving your gurus, your subscription financial-services providers, and your newsletter authors. I now find myself reading the small print at the end of the newsletter very closely. Any high-quality newsletter will clearly state its position on this issue. On the good side, a lot of data is now available at the click of a mouse on discount broker and other financial websites. Folks can also subscribe to excellent newsletters published by firms with large, competent research departments. This spreads the cost of expensive research departments over a large subscriber base, which in turn makes it much easier for the small investor to tap in to a huge base of investment knowledge. It is then up to us, the individual investor, to distill this information down to use with our individual portfolio. It’s easy to go along with the crowd, but true research can keep us ahead of the curve. Until next week…last_img read more

South Korea is flashing warning signs of a global

first_imgSouth Korea is flashing warning signs of a global recession… South Korea is known as a “canary in the coal mine” for the global economy. The country is a major exporter of cars, mobile phones, and personal computers. It’s also the 11th-largest economy in the world. It has a bigger economy than Australia, Russia, Spain, or Mexico. Last month, South Korean exports plummeted 15.8%. It was the country’s largest monthly drop since 2009. It was also the tenth month in a row that South Korean exports dropped from the previous year. Many South Korean companies blame the huge drop in exports on China’s slowing economy. China is, by far, South Korea’s largest trade partner. The country sends 25% of its exports to China. •  China’s slowing economy is dragging down the entire region… Last year, China’s economy grew at its slowest pace since 1990. And last month, China’s services sector grew at its slowest pace in seven years. China’s factory output also fell for the eighth straight month in October. Yesterday, Bloomberg Business said China’s manufacturing activity hasn’t been this slow since the global financial crisis. Factory orders in Indonesia, Malaysia and Taiwan are shrinking as well. The bad economic data pushed Asia’s major stock markets down on Monday. China’s Shanghai Composite Index fell 1.7%. Japan’s Nikkei Index fell 2.1%. •  U.S. investors also got bad news yesterday… Last month, the ISM Manufacturing Index fell to its lowest level in three years. This index measures the health of the U.S. manufacturing sector. It was the fourth straight month that U.S. manufacturing activity fell. Manufacturing makes up 12% of the U.S. economy. Economists and investors watch the manufacturing sector for clues about where the broad economy is headed… Casey readers know manufacturing profits are falling. Two weeks ago, machinery manufacturer Caterpillar (CAT) reported awful third-quarter results. The company’s quarterly sales were 19% lower than a year ago. Caterpillar expects sales to drop again in 2016. It would be the fourth year in a row the company’s sales have dropped. That’s never happened before in Caterpillar’s 90-year history. Caterpillar sells the tractors, bulldozers, and cranes that build the “real” economy. Like South Korea, many investors consider Caterpillar a bellwether for the global economy. Caterpillar’s customers aren’t buying much right now, which points to trouble. •  A weakening global economy is bad for U.S. stocks… Since bottoming in March 2009, the S&P 500 has gained 211%. At 80 months and counting, the current bull market is 30 months longer than the average bull market since World War II. However, E.B. Tucker, editor of The Casey Report, says the mini stock market crash in August was the beginning of the end of the bull market. He explained why in a recent issue of The Casey Report. We believe the era of asset prices soaring on a wave of easy credit is over. Last month’s major stock market decline is the start of a very tough time for stocks and the economy… The market has recovered in the past two weeks. But we think it’s only temporary. In other words, we’re in the middle of a “dead cat bounce.” It’s looking a lot like 2007. To fight the global financial crisis, the Fed cut its key rate to effectively zero in December 2008. It has left rates at effectively zero ever since. This has made it extremely cheap to borrow money… Seven years of easy money has caused prices to soar. Prices for commercial property, bonds, and stocks have all hit record highs, thanks to the Fed. At some point, the U.S. stock market will fall back down to Earth. When that happens, everything from blue chips to penny stocks will plummet. But overpriced stocks will probably fall the hardest… “They’ll do everything they can to push the price of gold down”… This statement was made by keynote speaker and trend forecaster Gerald Celente at the 2015 Casey Research Summit. Find out what Mr. Celente has to say about gold manipulation… the Federal Reserve’s hidden scheme… and how you can protect yourself from it right here. Regards, Justin Spittler Delray Beach, Florida November 3, 2015 We want to hear from you. If you have a question or comment, please send it to feedback@caseyresearch.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. Double Your Money Guarantee Right now Steve Sjuggerud is urging folks to buy 3 tiny gold stocks with 10X potential. And he’s so certain, that he’s giving a “Double Your Money Guarantee” until MIDNIGHT TOMORROW. Learn more here. Recommended Linkscenter_img — •  The flood of cheap money has sent restaurant stocks soaring… The Dow Jones U.S. Restaurants & Bars Index has gained 256% since the bull market in U.S. stocks started six years ago. And despite a mostly flat market in 2015, restaurant stocks continued to perform well. As a group, they’re up 19% in 2015, compared to just a 2% gain for the S&P 500. Many major restaurant stocks are now very expensive. For example, pizza chain Papa John’s (PZZA) has a price-to-earnings (PE) ratio of 41 right now…Starbucks (SBUX) has a PE ratio of 35…and burrito chain Chipotle (CMG) has a PE ratio of 38. The S&P 500’s PE is just 22. (A high PE ratio means a stock is expensive.) Yesterday, Bloomberg Business noted that investors are betting against Papa John’s stock. The number of shares being shorted — a bet that the stock will fall — has risen to 5 percent of those outstanding, near the highest level in six years, according to data compiled by Bloomberg and Markit Ltd. The investors are wagering that Papa John’s will have a tough time sustaining its lofty price-to-earnings ratio… E.B. Tucker agrees that Papa John’s stock is way too expensive. I’ve been baffled by Papa John’s for a long time. The stock price trades at 27 times free cash flow. That’s a tremendous premium for a fast food company. That’s what investors pay to own companies that produce groundbreaking cancer drugs or some other life-changing technology. It’s not the price you should pay to own a pizza chain best known for its garlic butter dipping sauce. Bloomberg Business reports that short sellers are also targeting other major restaurant stocks. Shake Shack Inc., the burger chain that went public in January, saw short interest soar after its stock price more than doubled. In that case, investors are betting that its valuation has gotten way ahead of its expansion plans: The chain boasts a $1.65 billion market value despite only having 74 locations as of September. Noodles & Co., which has a PE ratio of 39.1, also is heavily shorted. •  Expensive stocks will fall the hardest during the next crash… According to a useful metric, the CAPE ratio, U.S. stocks are 59% more expensive than their historic average. In fact, U.S. stocks are almost as expensive as they were at their 2007 peak. Since the 2008 financial crisis, global central banks have printed trillions of new currency units (dollars, yen, euros, yuan). Instead of producing real growth, companies and investors have simply used these currency units to buy assets like stocks, oil fields, and office buildings, making these assets very expensive. Almost nothing is cheap right now. This isn’t the time to be aggressive with your portfolio. It’s a time to be conservative. It’s a time to build up a large cash position, so you can buy bargains after the next correction or crash. You might even consider shorting very expensive stocks as a way to profit from the coming downturn. We also think everyone should own some physical gold. Gold is the ultimate form of wealth insurance. It’s preserved wealth through every kind of crisis imaginable. It will preserve wealth during the next crisis, too. If you want to truly “crisis-proof” your wealth, we recently published a book just for you… Going Global 2015 is our financial crisis survival guide. It shows you how to preserve and even grow your wealth during recessions, stock market collapses, and every financial disaster in between. Thousands of people have already paid $99 for this important book. Today, we’re offering it to you for just $4.95. We’re practically giving this book away for one simple reason: we hope you’ll do business with us again. And if you read Going Global 2015, we’re confident you will. The strategies and tips in this book could mean the difference between going broke during the next crisis and coming out richer than ever. Click here to learn more. Chart of the Day Restaurant stocks have pulled away from the rest of the market this year… Today’s chart shows the performance of the S&P 500 versus the Dow Jones U.S. Restaurants & Bars Index. This index tracks the performance of many U.S. restaurant companies. It follows major restaurant stocks such as Starbucks, Buffalo Wild Wings (BWLD), McDonald’s (MCD), and Panera Bread (PNRA). The chart starts in March 2009, when the bull market in U.S. stocks began. As you can see, restaurant stocks basically tracked the broad market for the past six years. They started to separate from the pack this year. The U.S. Restaurants & Bars Index is up 19% so far this year. The S&P 500 is up only 2%. Many major restaurant stocks have become incredibly expensive during this rally. We think some of these stocks will be the first to fall during the next crash. –last_img read more