Turner Broadcasting Systems’ EMEA chief Jeff Kupsky is leaving the company.Kupsky, who re-located to London to set up a regional development office for Turner in 1997 and became EMEA president since 2007, will leave within the next few weeks. His decision to quit is believed to have been taken before the appointment last month of former RTL Group CEO Gerhard Zeiler as president of Turner Broadcast System International.Turner Broadcast Systems chairman Phil Kent said there had been no channel, acquisition or progression of Turner’s business in the EMEA region that Kupsky had not been directly involved with and he was leaving “with our gratitude and respect”.
We see the potential in gold equities, as we believe the price of gold is going higher, but big investors with billions of dollars to pour into an market don’t. Their money, for the most part, is still on the sidelines. This phenomenon leads us to predict that someday these institutional investors will enter this sector en masse. Once the facts sink in and the institutional world becomes convinced gold and silver prices will maintain a sustainable uptrend, they’ll be much more attracted to the equities – and just as stubborn about changing their minds once they’re on board. Now, it’s possible this group may have to be beat over the head by relentlessly rising precious-metals prices before they enter the industry. They’ll have to believe that, say, gold hitting $1,900 again isn’t a temporary fluke but a sustainable uptrend. I don’t know what price the metal would have to maintain or how long it would have to stay there before they jump on board, but given the above chart, I think it’s safe to say they won’t be the first to the party. I personally think it will be something along the lines of what we outlined in the recent Hard Assets Alliance letter. Whenever and however it happens, though, the stampede from institutional investors into this tiny industry will be sudden and dramatic, because they tend to have a herd mentality. No one wants to be left behind. Just like they don’t want to risk buying something all their colleagues are ignoring now, they’ll rush to own the popular and exciting investment when gold stocks have their day. The consequence of this will result in dramatically higher stock prices. How high? Well, this group loves to use price models, and fair value for Newmont Mining (NEM), based on its Reserves, would be about $200/share (it’s currently trading around $44). And that’s at $1,700 gold – as the spot price rises, the value of NEM will rise exponentially, since gold would be rising faster than costs, even when inflation kicks in. That is why I’m excited about the producers. It’s the first place the institutional world will turn when gold makes a sustained move higher. Come the day those investors believe gold is about to become part of the monetary system, that bonds are no longer a safe place for money, that inflation is about to get out of control, or whatever it might be that changes their paradigm, they’ll flood into our little market and push share prices higher by an order of magnitude. When this shift gets under way, we’ll already own the stocks that institutional investors will be clamoring to buy. Maybe we should thank them now. Bank and brokerage analysts know their products, too. But when it comes to helping you make an informed decision about where the gold market is headed, they have, as Rick Rule is fond of saying, a record unblemished by success. Every year major banks and brokerage houses provide their four-year forecasts for the gold price. The following chart documents the average price projection of 25 top analysts over the past seven years, many of whom specialize in the resource industry. I might suggest pushing away from your desk so that when your jaw drops it doesn’t hit the keyboard. Common sense dictates that when you need information or advice on something you’re unfamiliar with, you consult with a professional. That’s what people do, whether refinancing a home, choosing an insurance product, or fixing a broken heater. While professionals certainly have their own agendas, they still know more about their products or services than others, and can at least help them make more informed decisions. If institutional investors are largely absent from this market, why is gold rising every year? Gold is not a trading sardine for institutions. Gold is supported by strong physical demand from individuals around the world and from central banks. Read our take here. You can see that every year since 2007, bank and brokerage analysts have as a group predicted that gold would fall, sometimes dramatically, over the next four-year period. For example, in 2007 the consensus of all estimates was that gold would decline from $656 to $523 by 2011. Instead, the price rose 140% to an average of $1,572 that year. Similarly, they predict this year that gold will fall from $1,665 to $1,515 by 2017. Even if they thought gold would move higher the first year, their best guess was that it was ultimately headed lower. So far they’ve been wrong every time. For the most part, these are analysts who do nothing but study the resource markets all day long. It’s their job. No one gets it right all the time, but this kind of track record is embarrassing. The obvious lesson is for investors to ignore price predictions from the major banks and brokerage houses – they just don’t get it. I’m sure most readers of this publication already know that. However, there’s a much bigger implication of this data that may not immediately come to mind… Why would I as a fund manager or institutional investor buy a gold stock if my analysts tell me the price of gold is going to fall? Answer: I wouldn’t. If the price of the product a company sells is expected to decline over the next few years, would you buy the company’s stock? Its earnings are almost certain to fall. As a manager of millions (or billions) of dollars, you wouldn’t buy any investment with this kind of outlook. There’s more. These same banks and brokerages have also been predicting the price of oil will rise (almost) every year. While they’ve occasionally been right about that, it means that margins for the gold producers would be expected to fall, since roughly 10% of their costs are related to fuel. So again… Why would I as a fund manager or institutional investor buy a gold stock if my analysts tell me profit margins are expected to fall? Answer: I wouldn’t. It doesn’t matter that analysts have been consistently wrong. What matters is that if the institutional world believes the gold price is likely decline and/or that margins are likely to fall, they’re not going to stick their necks out and buy gold stocks. They could lose their bonuses or even their jobs if their analyst’s predictions came true and they’d bet against them. This could be the explanation for why hedge funds, institutional investors, and other large investors haven’t entered this market en masse and could account for the disconnect between the price of gold and the trajectory of gold stocks.
Brazil Chile Colombia Mexico Peru Czech Republic Egypt Hungary Morocco Poland Russia S. Africa Turkey Europe, Middle East, Africa China India Indonesia Korea Malaysia Philippines Taiwan Thailand Asia Source: Bloomberg So, a rise in the Index implies an increase in the production of food, electricity, housing, and steel, and points to future global economic growth. As shown in the above chart, the BDI has doubled since early August and tripled year to date. A big slowdown in global economic activity doesn’t seem to be in the cards. A Good Story The facts, however, seldom present an obstacle that a good media story can’t overcome. Such was the case with the media-induced, emerging-market selloff ahead of the Fed’s anticipated “taper” announcement. The story—or at least a chapter from it—went something like this: Emerging markets are carrying big current account deficits… any twist of the Fed’s liquidity spigot will slow the flow of Western capital into emerging economies and aggravate the deficits… a rise in interest rates would ensue… higher rates will slow economic growth… better to sell emerging markets and their currencies ahead of these events. The sand in the ointment that lubricated the media jaws is that “emerging markets” is not a homogenized thing, but an array of countries with distinct economic and fiscal profiles. For a real-world perspective, let’s look at the 21 emerging markets as defined by the MSCI Market Index. Here they are, sorted by region, with countries that run a current account deficit shown in red, and those with a surplus shown in green: The skies were clear as we started final approach into Changi International Airport. Still several kilometers out in the Singapore Strait, dozens of container ships sat idle, tethered to the seabed, and seemed to stretch clear to Batam Island, part of the Indonesian archipelago. Each ship formed part of a nautical queue and waited its turn for cargo to be transshipped or offloaded at Singapore’s port terminals. Singapore is the world’s second-busiest port in terms of cargo tonnage, and number one for the transshipment of cargo. This volume of traffic and trade has turned the Singapore Strait into a major link in one of the world’s most strategic shipping lanes that connects the South China Sea with the Strait of Malacca, and all destinations west. The above anecdotal observation from my window seat aligns with recent action in the Baltic Dry Index (BDI). The BDI is an indirect measure of global supply and demand for shipping capacity. The index acts as a leading indicator in that it measures the demand for “dry” commodities (grain, coal, timber, ores) that are the raw materials used in intermediate and finished-goods manufacture. America’s Hmmm… I see a pattern here. The farther east you look, the greener it gets. It’s pretty obvious that most Asian markets were smeared as card-carrying members of the current-account-deficit club, a grossly inaccurate generalization. Indonesia, by the way, hiked interest rates in early September and revised its GDP estimate for 2013 lower to 6%, a growth rate that countries in the left and center columns of the table are yearning to achieve. Without Us, You’re Toast In 1965, Singapore, following a decade of strife to attain self-rule, became an independent nation. The thumb of British colonial occupation was lifted. The prognosis from the foreign press was immediate and unequivocal: Singapore was doomed. The only question was when. Britain had agreed to maintain its military bases in the country, the primary source of security and economic support for the fledgling country. The bases were a hundred-million-pound burden on the British treasury—closure was inevitable. A British withdrawal from Singapore was compared to the decline of the Roman Empire, where law and order collapsed as the Roman legions retreated and barbarians filled the vacuum. The latest round of emerging-market skepticism, concocted and perpetuated by an ill-informed Western media, embodies the nauseating ideal of Anglo-exceptionalism and is reminiscent of the “you can’t make it without us” conceit of the 20th century. Singapore is not an emerging market, of course, but it was, having clawed its way from backwater trading post in the hinterlands of the British Empire to today’s economic and financial powerhouse. Other Asian nations are following the path it trod, and intra-emerging-market export trends and demographics suggest that the region’s growth story is far from over.
Dear Reader, This is the last Metals & Mining Monday issue of the Casey Daily Dispatch you’ll be getting this year (we’ll be off for the holidays next Monday), so I wanted to report on 2014 and look forward to 2015. Happily, the news is better than one might imagine based on reading the headlines. Eritrea But first, I feel compelled to object to the recent spate of verbal and legal attacks on international mining companies operating in Eritrea and to encourage you to do the same. The issue is that the government has a “National Service” pseudo-law that compels not just a brief period of military service, but all men and women between 18 and 40 to accept government jobs as directed. I agree with the critics that this is a form of slavery that should be opposed on ethical grounds. It’s also enormously destructive economically and should be abolished immediately on practical grounds. This is no coincidence; contrary to Hollywood portrayals, evil is not good for business. I have been to the country, and I’ve visited several operating and dormant mines there. I’ve spoken with Eritreans who are ecstatic to have good jobs at modern facilities, with health clinics and other benefits. The truth is that miners do everything they can to avoid hiring National Service employees, precisely because slave labor is not productive, not diligent, not careful, and not good for business. And because the physical work of mining is for young people, Eritrea’s National Service drains the most important labor pool of eager, hardworking talent. This makes mining a force for positive change in Eritrea—the largest taxpaying force for economic and humanitarian sanity in the country, in fact. Canadian miners like Nevsun (NSU, NSU.TO) should be encouraged, not sued by misguided NGOs nor lambasted by misinformed politicians. I wish I had their contact information so I could set the record straight. But that’s the world we live in. Just don’t you be fooled by misleading headlines about slave labor in Eritrea’s private-sector mines. The implied image of prisoners in chains couldn’t be further from the truth, and the obstruction of the only major force for good in the country is completely counterproductive. Doug Casey Also, I should mention that Doug will be speaking at the Hong Kong Mines and Money show March 23-27, and the organizers are offering Casey readers a discount. On behalf of your Casey metals team, I wish you and yours very happy holidays and many more to come. Sincerely, Gold Junior Stocks (GDXJ) 24.15 27.26 29.02 Gold Producers (GDX) 18.53 19.19 20.50 One Year Ago Rock & Stock Stats Last One Month Ago Oil 57.13 74.50 99.04 TSX (Toronto Stock Exchange) 14,468.26 14,980.15 13,392.20 Silver 16.08 16.13 19.15 Gold 1,195.90 1,182.98 1,193.60 Silver Stocks (SIL) 9.10 9.69 10.57 Louis James Senior Metals Investment Strategist Casey Research Gold (SGE) 1,204.78 1,195.45 1,234.61 Copper 2.88 3.05 3.34 TSX Venture 676.54 782.45 887.17
Free demo here The Turkish lira is in free fall… Two weeks ago, it announced a series of measures that it hopes will bring liquidity and support the country’s banking system. (You can read more details on these measures in this Dispatch.)Turkish President Recep Tayyip Erdoğan also asked Turkish people to get rid of their U.S. dollars and euros:If there are dollars under your pillow, take these out… immediately give these to the banks and convert to Turkish lira and, by doing this, we fight this war of independence and the future.In other words, Erdoğan wanted Turks to sell dollars to keep the lira from plunging.But many people did the exact opposite. In fact, my Turkish friend told me—at the height of the lira’s sell-off—that “all her friends were exchanging lira for dollars.”But that’s not all they were buying. I know because I was just in Turkey… We know this because trading volumes on major Turkish crypto exchanges surged during the lira’s recent crash.According to CoinMarketCap, trading volumes on BTCTurk soared 131% when the lira was falling. Paribu, another Turkish crypto exchange, saw a 108% spike in trading volume.This tells us many Turkish people took shelter in bitcoin and other cryptos. But that shouldn’t come as a surprise. I spent about three weeks in Istanbul. I also visited Turkey’s gorgeous southern coast.That was enough time for me to truly experience Turkey’s currency crisis.You see, one dollar was worth about 4.8 lira when I showed up in Turkey. Three weeks later, one dollar was worth 7 lira.This means that the lira’s value plunged 31% against the dollar in less than a month. Put another way, the dollar strengthened 46% against the lira over the same period.Now, I didn’t mind this as a tourist. Everything from meals to cab rides got cheaper by the day.But the lira’s plunge hammered everyday Turkish people, like my friend. Things got so bad that the Turkish central bank stepped in… “I don’t buy anything from Amazon anymore. I buy everything from AliExpress now. It takes two months to get here, but I save about $1.”My friend Canset told me this recently. Now, you might be wondering why she’s using AliExpress—an online retail service based in China—to purchase her everyday items.She’s doing this because the money in her wallet is losing value rapidly.You see, my friend lives in Turkey, which is in the middle of a currency crisis.Of course, you’d already know that if you have been reading the Dispatch. I wrote about the situation here and here. It’s a major story we’re following closely—and it’s another reason why you should bet on cryptocurrencies today.I’ll explain why in a moment, but first let me recap what’s happening in Turkey. Of course, Turkey isn’t the only country where desperate people have turned to bitcoin… Just click here Recommended Link Turks have been embracing cryptocurrencies for years… In fact, the market research firm Ipsos recently conducted a survey on crypto ownership across 15 countries. And it found that 18% of Turks own some form of cryptocurrency. That’s double the European average of 9%.That’s impressive. But crypto ownership in Turkey should keep rising.I say that because the same survey found that 53% of Turks believe digital currencies will be the dominant online payment method in the future. And 51% expect the value of cryptocurrencies to rise over the next year.This is a big deal. Many Turks also loaded up on cryptocurrencies… This year the lira has fallen 38% against the dollar. That’s a staggering decline. Only the Venezuelan bolívar and Sudanese pound have fared worse this year.This is why my friend is changing how she shops. If she doesn’t, she could run out of money.She’s certainly not alone, either.People all over Turkey are under pressure. You can almost feel the tension in the air. It tells me more Turks will take refuge in cryptos if the lira keeps falling… — So consider speculating on cryptos if you haven’t yet. Bitcoin is a good place to start.Just remember that bitcoin and other cryptos are extremely volatile. As always, never bet more money than you can afford to lose. And you should use stop losses and take profits as they come. Regards,Justin SpittlerBudapest, HungaryAugust 27, 2018Reader MailbagToday, we see that not everyone agrees with Doug Casey’s take on the Alex Jones ban…Doug, you have gotten completely off topic with Alex Jones. All you say, and others as well, about Jones’ content and his delivery is correct. But ask yourself this question: How did this cabal all of a sudden come together? All of a sudden the technocrats and the media in unison attacked Jones. Feel sorry for Jones… NOT! As of Monday, he was the No. 1 news app. CNN, who had held that title for years, was destroyed. Why? Because you and the public jumped on his band wagon. Jones is a gate keeper for the Israeli agenda… and where did you get this that he was somehow a 9/11 truther?You need to re-examine your information, Mr. Casey. He argues all of the time whether the narrative was wrong and Israel was a haymaker of this false flag agenda. This was not to destroy Jones, as you and others portend. It was to drive the insouciant to his site to take the alt net to its extreme. Please take a different look to see what he has been and still is. You are as dead wrong as all who have fallen for the scam of the century. —RichardAs always, if you have any questions or suggestions for the Dispatch, send them to us right here.In Case You Missed It…Have you seen these strange-looking metal poles in your city? Most people have no idea what they’re for. But in just a few short years, these towers could completely upend the entire $479 billion smartphone industry… and make well-positioned investors rich. But together they could light a serious fire under the bitcoin price. It’s also possible that bitcoin (or some other crypto) could emerge as a medium of exchange in one of these places. That would let the world know that cryptos aren’t just another speculative vehicle. They’re a legitimate threat to paper money. Relative to the dollar, the Venezuela bolívar has lost 99.99% of its value this year. The Argentine peso is down 40% on the year. The South African rand is down 12%. These are enormous declines. They’re the kind that push people to take shelter in bitcoin. NASDAQ calls it: “The biggest investment opportunity in years.” The Smart Phone Killer1000x faster, 1000x more capacity, plus the power to download a 2-and-a-half hour movie in one second. Get positioned by October 1, and you could pocket a sweet $150k profit. Of course, skeptics will be quick to point out that bitcoin hasn’t been a good store of value this year.It’s down 52% on the year versus the lira’s 38% decline. Not only that, many lesser-known cryptos are down 80% or more this year.I won’t dispute those numbers. But let’s not forget that cryptos are coming off an incredible rally.The bitcoin chart below says it all.You can see that bitcoin’s still up 2,874% over the past three years. And yes, that includes its recent crash.You’ve also got to remember that bitcoin’s been here before. You see, bitcoin has crashed 30% or more 11 other times since 2010. Each time, it bounced back stronger.You can’t say the same about the lira, which has been in steady decline. In fact, it’s lost 70% of its value against the dollar since the start of 2013. — Recommended Link Now, I’m not saying any of these countries could push bitcoin to new highs on their own… That would obviously be extremely bullish for the crypto market… President Trump Gives Order to Locate New Type of FuelRecently, President Trump signed an executive order that mandates the Interior Department to begin mapping the country to locate America’s “Brandt Oil” reserves.“Brandt Oil” is a new, clean super fuel that’s so powerful, less than two gallons worth contains enough raw energy to power your house for nine years. So it’s no surprise “Brandt Oil” applications are going mainstream.And just like any new energy revolution, early investors are minting millions. Already we’re seeing investors bag rare gains as high as 2,343%, 3,750%, and even 4,628%.To get the full story on exactly what “Brandt Oil” is – and why it’s making investors so much money right now…
Every week in Murfreesboro, Tenn., Zibin Guo guides veterans in wheelchairs through slow-motion tai chi poses as a Bluetooth speaker plays soothing instrumental music.”Cloudy hands to the right, cloudy hands to the left,” he tells them. “Now we’re going to open your arms, grab the wheels and 180-degree turn.”The participants swivel about-face and continue to the next pose. Guo, a medical anthropologist at the University of Tennessee at Chattanooga, has modified his tai chi to work from a seated position. Even though many of the participants are not wheelchair-bound, using the mobile chairs makes it easier for them to get through a half-hour of movement.The U.S. Department of Veterans Affairs has given $120,000 in grant money to Guo to spread his special wheelchair tai chi curriculum. He started in Chattanooga, and has expanded his class offerings to Murfreesboro.This idea of going beyond prescriptions — and especially beyond opioids — in dealing with different sorts of pain and trauma has become a focus of the VA nationally.In Tennessee, nearly a quarter of all VA patients with an active medical prescription were on opioids in 2012. That number is now down to 15 percent, but that’s still higher than in most other parts of the country.According to a national survey from 2015, nearly every VA hospital now offers some kind of alternative health treatment — like yoga, mindfulness and art therapy.Guo is teaching people in a half dozen VA hospitals in Florida, Texas, Utah and Arizona to use his version of tai chi. He believes the focus on breathing and mindfulness — paired with manageable physical activity — can help ease a variety of ailments.”When you have a good amount of body harmony, people tend to engage in proactive life,” he says, “so that helps with all kinds of symptoms.”In addition to making a vet feel better physically, the VA also hopes these alternative therapies might help ease symptoms of conditions like post-traumatic stress disorder.Thomas Sales, of Nashville, Tenn., says his latest panic attack caught him by surprise. “Night before last, when we had the thunderstorm,” he says. “The thunder is a big trigger for some people.”It’s been 25 years after Sales fought in the first Gulf War with the Navy Special Warfare Command, and he still has panic attacks regularly.”You’ll find yourself flashing back to being out there with the fellas, and you’ll just kind of snap,” he says. “And I found myself, for some reason, thinking about doing the breathing techniques [from tai chi], and doing the ‘heaven and earth,’ and then breathing deep and slow.”Sales says he knows it must look crazy to some people when he reaches to the sky and then sweeps his arms to the ground. There was a time when he would have agreed. Most of the patients in this class had some skepticism going into the tai chi program. But Vietnam veteran Jim Berry of Spring Hill, Tenn., says he’s now convinced of its value.”My daughter sent me a t-shirt that sums it up,” he says. “Tai chi is more than old folks chasing trees.”Berry credits meditation and tai chi with helping him quit smoking. “No cigarettes for three months now,” he says.Zarita Croney, a veteran with the National Guard, says tai chi has helped her with chemical dependency. She now makes the nearly two-hour drive from Hopkinsville, Ky., to Murfreesboro each week, and has reduced her use of pills for pain.”My whole life … revolved around, ‘Oh shoot, when can I take my next pill?’ ” Croney recalls. “I’ve gone from about 90 percent of my day being on my bed to being able to come out and be social.”The VA has been aggressively trying to wean vets off high-powered opioids — using prescription data as a key measurement to judge how its hospitals across the country are doing with that goal.The VA acknowledges that there’s little evidence at this point that tai chi or mindfulness therapy or acupuncture will ease PTSD or addiction, though recently there has been research into the quality of life benefits of tai chi among the elderly.But physicians say they suspect many of the opioisa aren’t always helping veterans either, and the drugs carry more risks.Aaron Grobengieser, who oversees alternative medicine at the VA hospital in Murfreesboro, says tai chi won’t replace medication. But it might help reduce prescriptions, and the agency plans to start measuring that.”I believe this is going to be an avenue,” he says, “to really help address that group of folks [who are] looking for ways to manage those types of conditions without popping another pill.”This story is part of NPR’s reporting partnership with Nashville Public Radio and Kaiser Health News. Copyright 2018 Nashville Public Radio. To see more, visit Nashville Public Radio.
Enroll Now for $5 January 15, 2010 Jason Ankeny Magazine Contributor –shares Google Android OS Egnyte enables mobile entrepreneurs to do more without an office. Next Article Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Access to Files Across the Miles This story appears in the February 2010 issue of Entrepreneur. Subscribe » 2 min read Given that the whole raison d’être of mobile technology is doing stuff on the go, it’s no surprise to learn that half of small businesses regularly use smartphones to conduct business, according to a recent study conducted by Decision Analyst. Not only that, but a quarter of entrepreneurs tell the Arlington, Texas, market research firm they now use their smartphone more often than their computer. Whether your smartphone is an old-school BlackBerry device or a new-hotness touchscreen handset running on Google’s Android operating system, Egnyte enables you do even more away from the office. Its m-Drive user interface guarantees secure and ubiquitous remote access to all your business data, requiring no additional software purchase or installation on your phone.Egnyte’s on-demand server offers both Mac and PC users online file storage, file-sharing functionality and automatic backup in one solution–any data stored on the server is now accessible via BlackBerry and Android m-Drive user interfaces optimized for both keypads and touchscreens, giving businesses the tools to navigate folder hierarchies and open and share files.Egnyte introduced m-Drive in late 2008, when the firm launched Egnyte 2.0 for Apple’s iPhone, rolling out a series of file-sharing and document collaboration options, including colleague and client access to designated folders as well as e-mail attachments and version control for multiple-file iterations.A few more mobile innovations like this, and you’ll never have to return to the office again. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Growth Strategies Add to Queue
Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article U.S. Attorney for New Jersey Paul J. Fishman (2nd L) speaks during a news conference in Newark, New Jersey. –shares U.S. prosecutors have charged nine people over their alleged roles in a hacking scheme to obtain corporate press releases before they were made public, which they said generated more than $30 million of illegal trading profit.Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia.An separate indictment made public in New Jersey charges Ivan Turchynov and Oleksandr Ieremenko, two alleged computer hackers who live in Ukraine; Pavel Dubovoy, a trader from Ukraine; and Arkadiy Dubovoy and his son Igor Dubovoy, traders from Georgia.Authorities said that starting around February 2010, hackers infiltrated the networks of press release distributors Business Wire, MarketWired and PR Newswire, and gained access to corporate news such as financial results before it became public.According to the indictments, the news was then passed to traders who made illegal trades in stocks and options based on the stolen information, with foreign shell companies being used to share the rewards.Authorities said the scheme resulted in illegal profits on such companies as Acme Packet Inc, Align Technology Inc (ALGN.O), Caterpillar Inc (CAT.N), Dealertrack Technologies Inc (TRAK.O), Dendreon Corp, Edwards Lifesciences Corp (EW.N), Panera Bread Co (PNRA.O) and Verisign Inc (VRSN.O).Charges brought against the various defendants include securities fraud, and conspiracies to commit securities fraud, wire fraud and money laundering.A press conference to discuss the charges is scheduled for 11:30 a.m. EDT in Newark, New Jersey. A spokeswoman for the FBI said five of the defendants have been arrested.The U.S. Securities and Exchange Commission brought a related civil lawsuit charging many more defendants, and alleging that the thefts resulted in more than $100 million of illegal profit. It is seeking civil penalties and asset freezes, as well as the recoupment of illegal profits.The criminal case marks the first U.S. prosecution alleging a securities fraud scheme using hacked inside information.It is also the largest known suspected case of hacking that resulted in insider trading.None of the press release distributors or companies whose securities were traded were criminally charged. Business Wire is a unit of Warren Buffett’s Berkshire Hathaway Inc(BRKa.N).Until now, the SEC had brought only a handful of civil cases against individual hackers.In 2007, the agency filed a civil case against a Ukrainian trader named Oleksandr Dorozhko, accusing him of hacking into IMS Health Holdings Inc (IMS.N) and stealing information on earnings that he used to make profitable options trades. In 2010, a federal court ordered Dorozhko to pay $580,000.(Writing by Mica Rosenberg and Supriya Kurane; Editing by Edmund Klamann and Alden Bentley) Image credit: Reuters | Eduardo Munoz U.S. Charges Nine People in $30 Million Insider Trading Scheme Reuters August 11, 2015 3 min read Hackers This story originally appeared on Reuters Add to Queue Free Webinar | July 31: Secrets to Running a Successful Family Business Register Now »
The Family of Agile Marketing Tools Helps Marketers Publish More Work, Complete Projects on Time and Prove Value to StakeholdersCoSchedule, the fastest-growing marketing platform on the Inc. 5000 list and recognized on Gartner’s 2019 Magic Quadrant for Content Marketing Platforms, announced its new CoSchedule Marketing Suite . The Marketing Suite helps marketers stay focused, deliver projects on time and make their team happy.The strategic shift to build a unified marketing platform is the company’s direct response to marketers’ feedback and frustration with disconnected toolsets that cause marketing teams to waste time coordinating work rather than completing it.“We surveyed more than 3,000 marketers, and they unanimously shared the need to get more work done in less time,” said Garrett Moon, co-founder and CEO of CoSchedule. “The pressure for this productivity pushes them to adopt new technologies and processes. But in reality, we hear this only leads to siloed tools and teams. They’re frustrated. At CoSchedule, we call this ‘makeshift marketing.’ It’s the wasted effort marketers spend coordinating projects, managing spreadsheets and cobbling together single-function tools.”Marketing Technology News: Verve Releases SDK 4.0 To Supercharge The Revenue-Generating Power Of In-App InventoryThe CoSchedule Marketing Suite brings together a work management, content marketing, social media management and digital asset management toolset built upon a marketing calendar foundation. This family of agile tools is designed to provide unprecedented visibility into marketing operations with a single source of truth for all marketing activities.“Our mission is to end makeshift marketing, so we decided to build a completely new way for marketers to work,” said Moon. “The CoSchedule Marketing Suite brings together all the tools that marketers need on a daily basis and puts them in one place. It’s a monumental step and an exciting evolution for CoSchedule and our customers.”Marketing Technology News: Gigapaces Partners with Tableau to Accelerate Machine Learning and Data VisualizationCoSchedule’s Marketing Calendar is the cornerstone of the Marketing Suite. The platform includes four additional product offerings that build off the calendar.Content Organizer is content marketing software to drive strategy and growth.Social Organizer is social media management software to empower marketers with everything they need from publishing to measurement.Work Organizer is team collaboration software designed to help marketers manage and automate workflows.Asset Organizer is brand new digital asset management software designed to organize digital assets and share files with stakeholders.Promoting the value proposition “the only way to organize your marketing in one place,” CoSchedule saw it necessary to add new functionality into the platform to fulfill its promise. The Social Organizer includes all-new Social Conversations Inbox monitoring capabilities for engaging with followers, which makes the software a complete social media management solution. Asset Organizer is an entirely new product to the company as well, making the Marketing Suite a complete marketing project management solution.“Prior to CoSchedule, we were using tons of different tools,” said Sadie Rudolph, public relations director at Flint Group and long-time CoSchedule customer. “We were jumping from product to product and none of the things we were doing were working together. Because everything wasn’t in one place, I didn’t have a lot of visibility into what our team was working on.Marketing Technology News: Invoca Survey Finds Over Half of Consumers Only Offered Automated Communications By Brands Feel Frustrated When They’re Unable to Speak with a Live Person“The CoSchedule Marketing Suite lets us know what everyone is working on and when it’s going to get done, and it’s allowed us to consistently meet our deadlines,” said Rudolph. “Because we have visibility into every project, we’ve been able to drastically reduce wasted effort and produce more content.” Content Marketing PlatformsCoscheduleCoSchedule Marketing SuiteGartnerMagic QuadrantMarketing TechnologyNews Previous ArticleAmperity and Snowflake Partner to Help Joint Customers Power Customer 360 InitiativesNext ArticleConstant Contact Unveils New WooCommerce and Shopify Offerings at 2019 Internet Retailer Conference CoSchedule Launches Marketing Suite to Transform the Way Marketers Work PRNewswireJune 28, 2019, 4:52 pmJune 28, 2019
Desperate & duped? GoFundMe means big bucks for dubious care Jeremiah Jon Smith, 38, pleaded guilty Oct. 17 in Rice County District Court to theft by swindle, a felony. He admitted spending more than $23,000 raised for his medical bills through GoFundMe, an online fundraising platform, and benefit events.Swindles like the one Smith pulled raise the question of whether online fundraising is safe, consumer advocates said.”I don’t think anyone’s got their arms around it,” said Ira Rheingold, executive director of the National Association of Consumer Advocates in Washington. “And the GoFundMes of the world pooh-pooh it.”GoFundMe claims to have raised more than $5 billion since 2010 and says fraud on its website is minuscule. The company warns potential donors to give only to people they know.”GoFundMe is dedicated to empowering people to help people, and an overwhelming majority of campaigns on our platform are safe and legitimate,” the company said in a statement. “Fraudulent campaigns make up less than one-tenth of 1 percent of all campaigns.”In the rare instances where people create campaigns with the intention of taking advantage of others’ generosity, GoFundMe takes swift action to resolve the issue.”A GoFundMe spokeswoman said the company will refund donations if a campaign organizer or beneficiary is charged with a crime. The company also may refund donations of up to $1,000 if its own investigation finds “misuses” of donations.Scams have always been with us, said Christina Tetreault a staff attorney with Consumers Union, a nonprofit based in Yonkers, N.Y.”I would say that the mode is new, but the scams are old,” Tetreault said during a panel discussion on peer-to-peer payments sponsored by the Federal Trade Commission.But the fact that fraud is taking place on the internet doesn’t make it any less prosecutable, said Prentiss Cox, an associate professor at the University of Minnesota Law School and the former head of consumer protection with the Minnesota attorney general’s office.”There are three kinds of consumer protection cases: scum, scam and skim. And this is scum,” Cox said of the cancer swindle. “If someone lies about cancer to take money from people, that’s just scum.”And the most effective way to stop it is to make sure people know that if they’re going to do this, they’re going to jail.”That apparently won’t happen in Smith’s cases. He’s scheduled to be sentenced Jan. 9 in Rice County District Court. His plea agreement calls for no jail time, 10 years of probation, full restitution to identifiable victims and 480 hours of community service.Rheingold said GoFundMe and other fundraising platforms have a duty to ensure their campaigns are legitimate, because the platforms make money from them.”What level of duty do they have to the consumers who use it?” he said. “I would argue pretty strenuously that if somebody is using their platform and committing fraud, they need to demonstrate that they have engaged in some level of due diligence.”Adrienne Gonzalez runs a site called GoFraudMe that tracks GoFundMe scams. Gonzalez, of Richmond, Va., said she’s uncovered more than 220 scams in just over three years. GoFundMe has been better at taking down fraudulent campaigns, she said, but the site still relies on users to report suspected fraud.”GoFundMe says they’re the safest fundraising platform,” Gonzalez said. “I’m just over here on the other side, saying, ‘Look, these things happen.’?” ©2018 Star Tribune (Minneapolis) Distributed by Tribune Content Agency, LLC. Citation: GoFundMe scams: ‘I don’t think anyone’s got their arms around it’ (2018, October 30) retrieved 17 July 2019 from https://phys.org/news/2018-10-gofundme-scams-dont-arms.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further A Faribault, Minn., man has admitted faking cancer and spending the money raised for medical bills on marijuana, liquor, video games and dart tournaments.
The Information and Public Relation Minister of Manipur Th Bishwajit Singh on Saturday said the process to increase the monthly pension for retired journalists and ex-gratia for families of the deceased scribes is underway.A cabinet memo regarding this has been prepared as well, Singh said in the assembly, while responding to a query raised by a legislator, O Surjakumar.“The cabinet will soon pass the welfare scheme despite being delayed due to some obstacles,” Singh said.He told the assembly that at present the monthly pension for retired journalists is Rs 4,000 and it will be increased to Rs 10,000.The family pension (for families of the deceased journalists) will be increased from Rs 2,000 to Rs 5,000 per month, Singh said.Singh also said that the one time ex-gratia for families journalists, who died in unfortunate incidents, will be increased from Rs 2 lakh to Rs 5 lakh.The retirement age of journalists in the state is 60 years, officials said. March 02, 2019 COMMENT Published on COMMENTS media Manipur SHARE SHARE SHARE EMAIL government
Next Asian News International VaranasiJuly 12, 2019UPDATED: July 12, 2019 13:05 IST BHU Student Archana Kumari alleges of discrimination by security guard.Photo: ANIA girl from Banaras Hindu University on Friday alleged discrimination by a security guard while trying to use a toilet in one of the colleges in the varsity campus.Archana Kumari told ANI, “I am a second-year student here. I am in charge of the BHU Bahujan help-desk which we place near Mahila Maha Vidyalaya (MMV) for helping students in the admission process. Yesterday when I was trying to get inside MMV to use the toilet, they refused to allow me to enter inside the college. He also misbehaved with me.”She also alleged that misbehaviour by security guards is common at the university and said, “Security guards often misbehave with women in BHU. Today also they have done the same and there anti-women behaviour is intolerable.”One of Archana’s associates, Ravindra Prakash Bharti said, “We put-up help desk at different places in BHU with due permission from the administration. This behaviour by security guard reeks of the social menace of untouchability. We demand the necessary action from authorities.”College administration, however, refuted the allegations and claimed that the girl was only barred from using a toilet meant for men.OP Rai, Chief Proctor, BHU said, “I have received the information about the incident and also sent a concerned official to the spot. After visiting the place of the incident he informed me that the girl was seeking to access a toilet meant for males for which she was prohibited. However, she was allowed to enter the college and use the designated washroom for girls.”The girl had also written a letter to Vice-Chancellor and proctor of the university seeking justice.Also read: BHU student shot dead outside hostel, tension on campusALSO WATCH| VC claims plot to defame BHU: Do you agree?For the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byIram Ara Ibrahim Varanasi: Girl alleges discrimination at BHU, administration deniesCollege administration, however, refuted the allegations and claimed that the girl was only barred from using a toilet meant for men.advertisement