first_img Travelweek Group Wednesday, June 14, 2017 CALGARY — WestJet is celebrating fathers across Canada with a special Father’s Day sale that includes savings on both flights and vacation packages.Starting today, the company is offering three days of great savings on flights within Canada, and to Europe, the United States, Mexico and the Caribbean. Bookings must be made by June 15.The offer applies to travel within Canada or to the U.S., Mexico and the Caribbean between July 5-Aug. 2, and between Sept. 5-Dec. 13 for travel between Canada and Europe.To sweeten the day for dads, WestJet is also offering sale prices on getaways to Los Cabos and Puerto Vallarta, with savings up to $135 per room at select Secrets, Breathless, Dreams, Now and Sunscape Resorts & Spas in Mexico.This offer must also be booked by June 15, for travel between June 15 and Oct. 31. Blackout dates are June 15-Aug. 18 (subject to change.Featured vacation packages on sale include:Secrets Vallarta Bay Puerto Vallarta (savings up to $135 per room)Secrets Puerto Los Cabos Golf & Spa Resort (savings up to $135 per room)Breathless Cabo San Lucas Resort & Spa (savings up to $135 per room)Dreams Villamagna Nuevo Vallarta (savings up to $135 per room, plus kids stay free)Dreams Los Cabos Suites Golf Resort & Spa (savings up to $135 per room, plus kids stay free)Now Amber Puerto Vallarta (savings up to $135 per room, plus kids stay free)Sunscape Puerto Vallarta Resort & Spa (savings up to $135 per room, plus kids stay free) Posted by Sharecenter_img WestJet launches Father’s Day Sale on flights and vacations Tags: WestJet << Previous PostNext Post >>last_img read more

first_img<< Previous PostNext Post >> TORONTO — It will be a jam-packed summer for Contiki next year when it launches its highly anticipated Europe Summer 2018/19 program. In addition to 26 new trips, the tour operator will introduce its first foray into river cruising with the launch of U by Uniworld, as well as a new “revolutionary” travel style called ‘Independent Insider’, which will replace its current ‘Easy Pace’ style.The program will also include an increased emphasis on culinary offerings through a partnership with social eating platform VizEat, as well as the increasingly popular ‘Limited Edition Series’ trips that give Canadians an even closer look into local cultures.“Europe was the birthplace of Contiki 55 years ago, and it remains a leading destination for young adventurers,” said Gabrielle Nydam, president of Contiki Holidays Canada. “We celebrate 35 years in Canada this year and by developing over 26 new and improved itineraries for 2018, we are demonstrating not only the constant innovation we bring to our European experiences, but also our dedication to young Canadians from coast to coast to coast. No matter what type of traveller your client might be, if they’re 18-35, Contiki has a European trip for them.”The Europe Summer 2018/19 program includes the following highlights:Independent Insider: This new travel style offers clients more freedom and flexibility. Itineraries are based in Europe’s most popular locations including Nice, Copenhagen, Budapest, Mykonos, the Amalfi Coast and Porto, and include hotel accommodation throughout, No Regrets Experiences and a choice of Free Time Add-Ons. Trips range from 3-13 days, with three nights in each city.In-Depth Explorer: There are three new and improved In-Depth Explorer trips, including the brand new ‘The Best of Britain’, a 10-day, summer-only itinerary that visits London, Liverpool, Manchester, Oxford and Cardiff. There’s also the 11-night ‘Fiestas & Siestas’ that travels to Porto, Lisbon, Madrid and Barcelona.High Energy: A new High Energy trip has been added: the nine-day ‘Ibiza & Beyond’. This trip kicks off in Barcelona then travels to Ibiza, Valencia and Madrid, and includes eight nights in quad-shared hotel and hostel accommodation, standard breakfasts, a cooking class in Valencia and more.Winter & Ski: Another new trip titled ‘Fire & Ice’ is launching in the Winter travel style. This six-day trip is based in Iceland and visits Reykjavik, Vik, Selfoss and Skaftafell. Highlights include the Blue Lagoon, horseback riding, buggy and glacier adventures and caving, with twin-share hotel accommodation throughout, all breakfast and three dinners included.Short Trips & Festivals: Four new Insider trips have been created as part of the Independent Insider travel style. These three-night breaks are ideal for those short on time and looking for a city escape.Sailing, Cruise & Beach: Contiki is offering river cruises for the first time through its sister company Uniworld Boutique River Cruise Collection. Designed for travellers between the ages of 21-45, U by Uniworld features sunrise yoga on deck, bikes on board, expert cocktail mixology classes and DJs on deck. There are four eight-day itineraries: ‘The Seine Experience’, ‘All in on Germany’, ‘The Danube Flow’ and ‘Rolling on the Rhine’. The summer program will also see new and updated ‘Sailing & Cruise’ trips, including the nine-day ‘Idyllic Aegean’.More news:  Visit Orlando unveils new travel trade tools & agent perksTo entice clients to book a Europe summer trip, Contiki is extending its Early Payment Discount program by an extra month. Now until Feb. 21, 2018, clients who book and pay in full can save up to $895 or 10% off. In addition, clients enjoy a further 5% off (the lower cost trip) with the brand’s new ‘Mix & Match’ program, where they can mix and match a selection of two Contiki trips seven days or longer.Moreover, groups of 10 or more guests can save 10% off (or the 11th person travels for free), 7.5% with seven or more guests, and 5% with four or more. Posted by Contiki announces new travel style, 26 new trips for Summer 2018/19 Travelweek Group center_img Tags: Contiki, Europe Thursday, October 19, 2017 Sharelast_img read more

first_imgAs it completes a dramatic, two-year renovation of 147 villas, Four Seasons Resort Bali at Jimbaran Bay has saved the best for last with the upcoming opening of the Imperial and Royal Villas.Scheduled to open 15 May, the resort’s villas have been entirely rebuilt from the ground up based on individual designs by the late Jaya Ibrahim. With a contemporary take on Balinese design and décor, the villas evoke the strong sense of place and traditional elegance for which Four Seasons Jimbaran Bay is renowned. Embracing the  gardens and ocean views from every vantage point.The three-bedroom Imperial Villa has a residential-style 1300 squared meter layout – more than double the original villa’s footprint. On the upper entry level of the two-story design, the living room’s walls consist of floor-to-ceiling glass doors, which slide open to maximize the indoor-outdoor living and panoramic views. A thatch-roof shaded verandah leads to a geometrically-beautiful rooftop garden and lawn skirted by an infinity-edged water feature – an exclusive venue for intimate wedding ceremonies, celebrations and dining under the stars. The descent from the rooftop garden brings guests to the lower level with dining areas both inside and out, fully-equipped open kitchen, contoured infinity pool facing the ocean, multi-purpose room and gym, and a third bedroom that opens onto the pool terrace.The two-bedroom Royal Villa offers 750 squared meters of contemporary living. In addition to the two bedrooms, there is a separate children’s room fitted with trundle beds, while a connecting Deluxe Villa enables guests to expand their hideaway into a three-bedroom retreat with two pools. There are ample living and dining spaces both indoors and outdoors, and an ocean-front ‘Romeo and Juliet’ balcony adjacent to the infinity pool.last_img read more

first_imgSamsung plans to sell over 25 million Smart TVs this year, according to TV business chief Kim Hyun-Suk.The Korean consumer electronics giant hopes that half its total estimated flatscreen TV sales of 50 million units will be of internet-connected Smart TVs.Kim told journalists that a new model, the ES8000, with voice-recognition capability in 30 languages, enabling voice commands to switch-off and switch channels, as well as gesture-recognition controls, would be launched by the end of March.last_img read more

first_imgThis year’s football World Cup could produce record audiences, while World Cup viewers are engaging in the use of second screen activity, with 12.2 million tweets being sent during Brazil’s win over Croatia, according to figures released by a group of TV marketing associations and agencies.According to the Platform for the European Promotion of TV (PEPPTV), World Cup broadcasters are optimistic that the July 13 final could produce an audience that matches or exceeds the 909 million who watched the Spain v Netherlands final in 2010.According to the figures compiled by the group, a record 42.9 million Brazilians tuned in to see their team’s opening win over Croatia, while 81.3% of Croatians or watched the game. Brazil-Croatia was also the most watched opening match in at least 12 years in the UK, with 11.2 million UK viewers.In the UK a peak of 20 million, or a 71% share, watched England v Uruguay, the highest peak audience on any channel since the 2012 London Olympics, while 27.3 million or 84.2% of viewers in Germany tuned in to watch Germany defeat the US. The French victory over Honduras scored a 56.3% audience share in France, or 15.9 million viewers, amongst whom one million saw the game on digital platforms.last_img read more

first_imgIn This Issue. *  Tapering is “all priced-in”. *  Summers says thanks but no-thanks. *  Retail Sales disappoint in the U.S. *  Gold manipulation whistleblowers. And, Now, Today’s Pfennig For Your Thoughts! Dollar Gets Sold Like Funnel Cakes At A State Fair! Good day.  And a Marvelous Monday to you! What a wonderful weather-wise weekend (how about that poetic use of alliteration so early in the morning!)  for us here in St. Louis this past weekend! We had our “block party” in the subdivision that I live in, so that was a good time, and the grandkids had a “dance party” at the house Friday night, so darn cute! Well, I came in this morning, turned on the currency screens, and what to my surprise! A currency rally! 2 days before the Fed will announce tapering to boot! So, what gives? Why would the dollar be getting sold now? Ahhh grasshopper, come, sit, and listen to a tale of what they call in the markets of an event being “priced in”. Apparently, traders came to the realization last night that the Fed’s tapering, is already “priced in”, and the only thing left is for the Fed to disappoint them, with the announcement of a small amount of pull-back, or a delay. So, the dollar is getting sold like funnel cakes at a state fair this morning. The other item that’s weighing on the dollar was the announcement this weekend that Lawrence Summers has withdrawn his name from the list of those wishing to be the next Fed Chairman.  OK. there are three things here that come to mind as to why Mr. Summers decided to pull out ahead of the nomination process. 1. He could have skeletons in his closet, and the confirmation process would expose those. 2. He got a glimpse of the Fed’s balance sheet, and decided that he didn’t want to be the one who’s name was attached to that mess. or 3. He read the Pfennig last week, and got scared.  So, actually, I think he took what was behind door #2, with #3 coming in close! So, here’s the skinny on why this news is bad for the dollar. You see, Summers was thought to have been a Fed Chairman that would favor tightening at a much quicker pace, and higher interest rates in the U.S. is what a lot of traders were looking forward to. On the other hand, Janet Yellen, the other person close to the nomination is thought to be “pro-growth”, which means interest rates would remain near zero longer.  And, before we go any further, you all know that I’m just having some fun with his reasons for withdrawing his name, right? So, there you go! Two reasons for the currency rally and dollar selling this morning! Let’s review very quickly. The markets came to the realization that they had already priced-in the Fed tapering this week, too far. and 2. Summers grabs his hat from the Fed Chairman ring. On a side bar. Wouldn’t it be something if Janet Yellen also withdrew her name as a Fed Chairman possibility? Then NY Fed Head Dudley would be next, and then he said thanks, but no thanks?  I doubt that will happen, as these Fed Heads are pretty egotistic, and probably believe that they “have the plan to save the world”.  And when they announce that plan to save the world, you might want to make plans to take a long vacation. The Emerging Markets took the Summers news as a sign that they too should rally, and rally they did!  The Indian rupee surged higher, and the Turkish lira made its strongest move in 2 years!  These wild swings is one of the reasons people get squeamish when it comes to investing in the Emerging Markets, which is why it makes sense to go into them with Principal protection, like that’ s afforded to the holders of our Evolving Markets MarketSafe CD, which by the way, we’ve brought back for another round. So, if you couldn’t pull the trigger on the first one, this is your last chance saloon. The best performing currency overnight is the Aussie dollar (A$) which is up over 1-cent this morning.  Knowing that the U.S. rates will be anchored for some time to come, is good news for the currencies like the A$, kiwi, and even the Brazilian real, for those interest rate differentials are really making a comeback as a key fundamental. And that puts a smile on my face. Reminds me a dentist’s card I saw many years ago. It had printed on the card: “Smile, it improves your face value”. Gold just can’t seem to catch a bid these days, and is down $10 this morning. Did you see the report last week from Goldman Sachs, that said they see the risk of Gold going below $1,000? OK. Quick Quiz. What have I told you in the past about Big Brokerage Houses’ Calls for assets? That they very well could be trading their book, or their future needs. In this case, the brokerage firm could be short the asset, and needing to buy it back at cheaper levels, So, they issue a letter to their clients and tell them what they see, in hopes of getting everyone to sell, thus cheapening the price of the asset, and then the firm can go in a buy cover their shorts, at cheaper prices.  Now, I’m not saying this is what this firm is doing right now. I’m just saying that we need to take these calls with a grain of salt, and see them for what they could possibly be. It’s funny, I saw this news story on the Bloomberg Friday morning, and the story below this one was one from HSBC (Hong Kong Shanghai Banking Corp.) “HSBC Lifts 2013 Gold Price Forecast on Higher Physical Demand”.  So, which one  of these stories are you going to hang your hat on? Me?  I think I’ll just keep a steady Eddie focus on owning Gold as a store of wealth, and not get caught up in forecasts! OK. The euro is much stronger to start the week at 1.3350 this morning. The German Federal Elections are next Sunday, and the only thing out there that could hurt the euro in these elections is IF the anti-euro party (AFD) wins 5% of the vote, and makes it into parliament. Right now the polls have then at 4%, which is where they will need to stay to keep the euro well bid next week. If the 5% level is achieved, I would think that the euro would take a hit. The Chinese renminbi / yuan is much stronger this morning as the Chinese Gov’t allowed a strong appreciation overnight. There was an article in the China Finance magazine that talked about how conditions in China have matured to further open Capital account. This is the stuff that I’ve been telling you was going to happen, folks. I love it when a plan comes together! But getting back to the renminbi movement. We saw these kinds of moves last spring too, when hot money flooded the Chinese markets, but then left when they got scared that China’s economy was going to shut down. When that didn’t happen, the hot money has begun to flow into China again. You see, interest rates “in China” are good, and we all know that interest rates sure aren’t good in the U.S., Japan, or Eurozone! And in Norway, the Norwegian August Trade Surplus narrowed to NK28.8 Billion from NK 35.3 in July. But this news wasn’t seen as bad for the krone. This drop in the Surplus isn’t new or surprising, as this data is very volatile. The chart on the Surplus looks like a chart for someone on a trampoline!  I think the thing to keep in mind the most here is that Norway has a Trade Surplus, and that’s something a lot of countries don’t have. And they didn’t need to weaken their currency to achieve this Surplus. Well, the data from last week was interesting, I’ll give it that! The Big Kahuna data print last Friday, the 13th I might add, was U.S. Retail Sales from August, which came in weaker than expected at +.2% (.5% was forecast). So, the Fed Heads have that on their minds as they begin to gather this week for a two-day meeting. The U. of Michigan Consumer Confidence report fell from 82.1 to 76.8. not a good thing.  Today, we get my two faves. Industrial Production, and Capacity Utilization.  Nothing that’s going to turn the dollar around today. For What It’s Worth. JMR Doug, sent me this link to the story on King World News. So thanks JMR  Doug! He said in his note to me, “Looks like the mainstream media will finally have to admit what you’ve been preaching for years Mr. Chuck.” So.. this was in King World News. Here’s the link to the whole story. And my snippet. In a stunning development, two JP Morgan whistleblowers have confessed that the bank manipulates the gold and silver markets.  This is truly a shocking admission by the courageous JP Morgan whistleblowers.  In a blockbuster King World News interview, London metals trader Andrew Maguire told KWN that the two JP Morgan employees came directly to him with hard evidence that the bank was actively manipulating the gold and silver markets.  This is a truly catastrophic event for JP Morgan, which up to now has denied manipulating these markets.  Below Maguire takes KWN readers around the world on a trip down the rabbit hole as he discusses how he led the two JP Morgan employees to turn over the evidence to a law firm which specializes in high profile whistleblowers, and also to the CFTC.  According to Maguire, the CFTC has virtually buried this information.  Is this a cover up, or the next LIBOR scandal about to be exposed? Chuck again. I like the fact that a major news outlet like King World News, ran this story. now, if the cable news stations would pick it up, we might get some traction. Other than that, this will die out again. But don’t worry, we’ll get plenty of coverage from the cable news stations on Miley Cyrus.  Speaking of her, I saw a very funny cartoon last week, it was Dr. Brown from the Back to the Future movies sitting in the DeLorean talking to Marty and the quote was: “Marty, we have to go back in time to help Billy Ray Cyrus from getting into “trouble”..  And make no mistake. I’m just reporting the story here. To recap. The dollar is getting sold like funnel cakes at a state fair this morning, as the markets realize overnight that they have already priced in the Fed’s Tapering, and the news that Lawrence Summers pulled his name from those being considered as the next Fed Chairman, thus leaving the nomination to Janet Yellen, who is a pro-growth Fed Head, and that means ZIRP remains in place longer, which is not good for the dollar. Currencies 9/16/13. American Style: A$ .9380, kiwi .8210, C$ .9710, euro 1.3355, sterling 1.5930, Swiss $1.0790, . European Style: rand 9.7570, krone 5.9090, SEK 6.5105, forint 223.75, zloty 3.1430, koruna 19.2855, RUB 32.26, yen 98.90, sing 1.2595, HKD 7.7540, INR 62.83, China 6.1554, pesos 12.91, BRL 2.2795, Dollar Index 81.14, Oil $106.64, 10-year 2.81%, Silver $21.73, Platinum $1,444.43, Palladium $704.20, and Gold. $1,311.03 That’s it for today. Lucky me! I came in this morning to find some chocolate chip cookies wrapped in foil that were left here for me from Kathy G, when she visited last week! What a sweetheart! My beloved Cardinals are hanging on, but need to get some separation from the Pirates and Reds. Markets could get pretty volatile this week with the Fed meeting, so be prepared to hunker down. Next week I’ll be in Houston for a visit to the oncologist and the other doctors at MD Anderson Cancer Clinic. It’s been a year, since my first visit there. I can’t express my gratitude enough to my beautiful bride who insisted that I apply to MD Anderson. Now, the goal is to NOT have to visit them any longer! Wouldn’t that be nice!  And with that thought, I’ll send you out to tackle this day and week. I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

first_imgIn This Issue. * Dollar fights back yesterday * But currencies try to rally again this morning. * Foreign Investment flows into India soar! * Money can’t buy you love, but Gold can! And Now. Today’s A Pfennig For Your Thoughts. Eurozone Starts Negotiations With A Tough Stance. Good Day!…  And a Tub Thumpin’ Thursday to you! I’m greeted this morning with a song from the late 70’s while Chris was dancing at a mixer to disco music, by Ambrosia. That’s How Much I Feel..  Yes, there was “other music” being made besides disco in the late 70’s. Chris and I always have fun claiming the other one liked disco music. But I KNOW I didn’t! Now, Chris? I think the possibilities are great!   Remember me whining and complaining about the lack of volatility in the currencies the past 3 to 4 years? Well, I whine no more! Volatility has returned, and the leader of the pack is the euro, which is trading with the most volatility that it has seen since 2011!  And that volatility has been brought to the euro by the goings on in Greece. Funny, isn’t it, that the last time we visited problems in Greece it was 2011. Hmmm.  So, since the euro trading is all about the goings on with Greece, we might as well take a stab at those goings on, eh?  Well, the rug was pulled out from under the euro’s rally yesterday. After a good start to the day, the news from the Eurozone / Greece meetings became very dark, and pulled the rug with a quick, strong yank! So for those of you who want to get into all this drama coming from the Eurozone, I’ll get into it. For those of you who could do without it, because life is so full of drama on a daily basis, go on and skip ahead. At its non-monetary policy meeting yesterday,  the ECB’s Governing Council decided to lift the waiver that allowed bonds issued or guaranteed by the Greek government to be eligible at the Eurosystem’s refinancing operations (you know the LTRO’s we’ve discussed and other forms of refinancing that is used)  despite their sub investment grade rating. As a consequence, such bonds are not eligible anymore as collateral to the ECB’s regular liquidity operations, starting from the maturity of the current main refinancing operation on February 11. So, the Greeks have to go back to the drawing board, and figure out if they want loans or not, because if they do want loans, and they’ll run out of money by the end of this month, they’ll have to accept and maintain austerity programs. The news on the Bloomberg this morning, say the Greeks are going to keep their “anti-austerity” talk. YIKES! Obviously, these are the opening salvos being thrown out to see where the negotiations start, but to me, this is going to get ugly, folks.  There are other things going on, that really get pretty hairy with their description of what’s going on, but in essence, this main point that I’ve discussed here, is what it all boils down to. So don’t let all that other stuff, about eligible or non-eligible get in the way of what’s important here. The euro got whacked on this news, but in reality, I would ask why?  Here is a governing body that represents 17 countries and they decided that one country has not done anything close to what they were asked to do, and now wants more, and the governing body, decided to say “no mas”. We won’t accept your bonds any longer, unless you agree to adopt our terms.  The great 70’s rock group, Foghat, had a song called. Take it or leave it.  Take it or leave it, tell me what you’re going to do.. Take it or leave it, now the choice is up to you.  I can’t wait until tomorrow, tomorrow may be too late. take all the sorrow, I can’t wait! I bet you’re wondering, where the heck does he come up with these bands? Foghat? Ahhh, grasshopper, Foghat songs were the soundtrack of many a party in the 70’s. Slow Ride, Fool for the city, Drivin’ Wheel, and so on. So there’s your Rock history for today.. A changeup was badly needed folks. Don’t you agree?   Today. believe it or don’t, the euro is rallying, along with the Aussie dollar (A$), N.Z. dollar / kiwi, Norwegian krone, and well, heck most of the currencies except the Chinese renminbi, and Gold. With the renminbi weaker this morning, what does that indicate the performance of Indian rupees will be? That’s right! If you were paying attention in class yesterday, I told you that these two currencies (renminbi & rupee) should in my opinion trade together, but in recent trading they move in opposite directions. So that means the rupee is rallying today. I have to say that one of the first things I check each morning, are the prices of Oil, Gold, the 10-year Treasury and the euro.  And this morning, I noted that the price of Oil had dropped again, losing the $50 handle, making the two-day run in Oil earlier this week a thing of the past, and I thought to myself, that the petrol currencies must be under pressure.  But then when I switched over the full currency screen I was stunned and amazed to see not only the Norwegian krone rallying, but too the Russian ruble, Canadian dollar / loonie, Brazilian real, and so on.  So, what gives with that? The price of Oil drops, but the petrol currencies rally?  Well, I’ll tell you sometimes you get ½ the answers and have to live with it. and this is one of those times. So, let’s just move along here, there are not the droids we’re looking for.   Getting back to the Indian rupee for a moment. I saw some stuff on the Bloomberg this morning regarding investment flows to India, which would go a long way toward the rupee rally. And investment flows to India and Indian Gov’t bonds in January were the biggest since last July. Recall that last July we had the euphoria in India about a new PM.   For those of you keeping score at home, foreign investors bought $464 Million more rupee-denominated bonds at the auction yesterday, and in January the total was $3.3 Billion!  The yield on the 10-year Gov’t bond is around 7.7% (for institutional buyers) That’s nearly 600 Basis Points greater than the same tenor U.S. Treasury.  Sure, India is no match to the U.S. as far as size, strength, and safety, but. 600 Basis Points would certainly make me think twice about opting for an investment in India. Now, I’m not saying you should go right out and buy Indian bonds. I’m simply pointing out why the foreign investment flows into India are strong right now, and when that happens, the rupee should be the beneficiary. There’s a report out this morning from Citigroup regarding Denmark, and I have to say I love it!  Citigroup says that it’s unlikely that Denmark will scrap the peg to the euro.  So, wait a minute Chuck, didn’t you say something opposite to that in the Daily Reckoning? (www.dailyreckoning.com)  Well, thank you for being on top of this!  Yes, I did say something opposite of that in the Daily Reckoning, but. You know me. Citigroup has probably dozens of researchers that contributed to this report, and here it’s just little old me.. So, when someone says something opposite of what I’ve said, I take it as they read what I said, and decided to prove me wrong. Yes, it’s a very myopic viewpoint, but what the heck! Now we have to wait-n-see who turns out to be right. Well, Gold can’t seem to find a bid again this morning. UGH!  The Beatles are singing “Money can’t buy me love” on the iPod, right now, and that may be true, but I bet Gold can buy you love! HA!  And then that song was followed by Pink Floyd’s song: Money.  strange how that all came about, eh?  Money, so they say, is the root of all evil today.  Notice they didn’t sing: Gold is the root of all evil today!  Silly stuff, I know, but so is watching the price manipulators take the price of Gold lower. Ed Steer’s daily letter just showed up in my email box, and clicking on it, I see the headline is: “Buy Gold and Short Federal Reserve, Says Marc Faber Once Again!”  Have I ever told you the story about me sitting on a panel at the New Orleans Investment Conference, the granddaddy of all investment conferences, and this is the first time I ever met him.  I was totally impressed with his ponytail, and then at one point of the discussion, he even told the crowd that they should listen to me.  So, now when I see something he has written or a video interview, I click on it immediately, for this guy must know what he’s talking about, he told people to listen to me! The U.S. Data Cupboard is gearing up for tomorrow’s Jobs Jamboree. Just the usual Tub Thumpin’ Thursday stuff for us today, like the Weekly Initial Jobless Claims, we’ll see if last week’s drop was a “true drop” or one that was a result of the week being short a day. Yesterday’s Data Cupboard, printed a weaker than expected ADP Jobs report. Hmmm. 230,000 was expected and only 213,000 printed. Hmmm. On a sidebar. I had the TV on yesterday while I was doing some reading, and the funny Geico commercial with Pinocchio as a failing motivational speaker was on, and it made me laugh, and immediately my mind began thinking about this. Pinocchio is asked to be a motivational speaker to countries.. And he begins by pointing to a country, like Japan, and saying “and you have a strong economy” and his nose grows, then points to the U.K. and repeats “you have a strong economy” and his nose grows, and then points to the U.S. and says, “I really see potential because of your strong economy” and his nose grows a foot!  Now, tell me how many people would have thought of that? For What It’s Worth. I have something different for you this morning. Just something else to think about. Thanks to dear reader Bob for sending along to me, and you can read the whole article here: http://www.theguardian.com/world/2015/feb/04/japanese-bank-introduces-robot-workers-to-deal-with-customers-in-branches “Japan’s biggest bank is preparing to unveil robot employees with a human touch. Nao, a 58-centimetre (1ft 11)-tall humanoid developed by the French company Aldebaran Robotics – a subsidiary of the Japanese telecoms and internet giant SoftBank – will begin work on a trial basis at one or two branches of Mitsubishi UFJ Financial Group from April. Depending on his performance, more robots could appear at other branches in the coming months. Equipped with a camera on his forehead, Nao is programmed to speak 19 languages. He analyses customers’ emotions from their facial expressions and tone of voice, enabling him to greet customers and ask which services they need. The 5.4-kg robot, who was “born” in Paris in 2006, lived up to his billing with a faultless interaction with an English-speaking customer, during a presentation in Tokyo this week.” Chuck again. WOW! Robots in bank branches! I doubt that it catches on here for many years, but in my opinion, if I was concerned about online banking before, I wouldn’t be now!  Where’s a good online bank I hear you asking?  Ahem. you’re reading this letter that’s sponsored by such a bank! To recap. Well, the playing nicely in the sandbox ended up with some sand being kicked in the faces and kids crying and pointing fingers at who started it. Germany opened the negotiations with Greece by dropping Greek bonds from the lending facility (LTRO) and the Greeks answered by saying they were keeping their anti-austerity stance. Needless to say the euro got whacked and led the rest of the currencies lower yesterday. But today is different, and the currencies for the most part are rallying, led by the euro.  The renminbi and Gold are down today, while the rest of the currencies dance. Currencies today 2/5/15. American Style: A$ .7805, kiwi .7390, C$ .7980, euro 1.1430, sterling 1.5245, Swiss $1.0780, . European Style: rand 11.4205, krone 7.5425, SEK 8.2600, forint 269.45, zloty 3.6520, koruna 24.2915, RUB 67.26, yen 117.35, sing 1.3460, HKD 7.7525, INR 61.73, China 6.1366, pesos 14.79, BRL 2.7295, Dollar Index 93.94, Oil $48.98, 10-year 1.77%, Silver $16.94, Platinum $1,246.48, Palladium $791.50, and Gold.. $1,260.22 That’s it for today. It’s a downpour outside this morning, so no going out to see the ocean while I wait for the review for me this morning. This is the first day that it’s rained in the early morning since I’ve been here. And it’s pouring outside!  So, how is your tax accounting going this year? Sorry to bring up such a nasty subject, but it something that has to be done once a year for most, so we might as well face up to it! Mine is not coming along too well, but that’s OK. it’s always a last minute thing with me! I have no idea what I started talking about that. UGH!  I guess I had a pain somewhere and that reminded me. HA!  Well, it was announced yesterday that two more baseball teams will play close to me down here. The Astros and Nationals are moving near here, which is a good thing. I had to laugh right now, I just saw a LinkedIn message that was featuring the story I had for yesterday from the CEO of Gallup, talking about how the Unemployment Rate is a fabrication. So, I run it one day, and LinkedIn runs it the next day. Hmmm. that has to be a co-inkee-dink!   Emerson Lake and Palmer (ELP) is playing their song: Lucky Man, on the iPod right now, this was the first song I remember hearing a synthesizer being played.  I used to play this song on my guitar, so those song are always special for me to listen to..  And with that. it’s time to go! I hope you have a Tub Thumpin’ Thursday! Chuck Butler Managing Director EverBank Global Marketslast_img read more

first_imgA disabled activist has won a three-year battle with his bank over its refusal to allow him to communicate by email and provide him with a direct telephone contact number as reasonable adjustments.The Financial Ombudsman ruled that the Co-operative Bank had failed in its duties under the Equality Act, and awarded Adam Lotun £800 compensation.He had repeatedly asked over more than three years for the bank to make reasonable adjustments to take account of his hearing impairment, autism and memory problems.As well as turning down Lotun’s request for a way to communicate with the bank by email, it failed to provide a direct telephone number for him and other disabled people to contact staff who were trained to deal with customers with access needs.On several occasions, Lotun (pictured) was stranded away from home without any money because his card had been blocked without his knowledge, as a result of the high level of PayPal transactions on his account.The ombudsman found that he had been unable to unblock the card because he could not stay on hold on the phone for long periods.On one occasion, Lotun had to wheel himself five miles from a retail park and didn’t arrive home until quarter to one in the morning after his card was rejected at a supermarket checkout and he was left without any money for a taxi.The ombudsman said that if he had had a direct contact to call, “all of these occasions would’ve been avoided” because he could have called to get his card unblocked “with ease”.The ombudsman also told Lotun that the bank had told him he could use its text relay system instead of an email, but that “if the time had been taken to understand your needs it would’ve become clear that this isn’t suitable”.The ombudsman concluded: “Overall, I don’t think the adjustments you’ve asked for are unreasonable – namely to be able to communicate with Co-op via e-mail [and] to have a direct telephone contact for emergency situations only.“The former has been rejected by Co-op on several occasions on the basis that they didn’t have a secure e-mail facility.“I don’t think that this was a good enough reason and an attempt should’ve been made to explore this more fully. And I can’t see that Co-op ever proposed suitable alternatives.”The bank has now agreed to set up a secure email address for him, and has provided a telephone number for a team set up to deal with “vulnerable” customers.The ombudsman concluded that Lotun had been caused “unnecessary distress and inconvenience by Co-op’s failure to put your reasonable adjustments into place sooner”, although this appeared to be the result of the bank’s “limited resources” rather than discrimination.The ombudsman said that “a period of three or four years of having to constantly ask for adjustments that weren’t actually that demanding is far too long a period of time.“I also think that if the reasonable adjustments had been put into place in good time you would’ve been spared a lot of distress and inconvenience on several occasions.”A spokesman for the bank said it accepted the ombudsman’s decision.He said: “Since 2013, we have made significant progress in rebuilding the bank, and part of this process has been to completely review how we deal with vulnerable customers, leading to the creation of a vulnerable customer team in late 2016.”He said the bank had introduced company-wide “customer vulnerability awareness training” for its staff, “front-line training in the identification and engagement of vulnerable customers”, and enhanced training for the new “specialist customer vulnerability support teams”, as well as an advice line for its staff.As a result of a new partnership with Citizens Advice Manchester, a full-time advisor from the charity has been appointed to the bank to support customers with “multiple issues” who need support with such areas as housing, benefits and access to social support.The spokesman said: “We also provide appropriate customers with a single point of contact within our central vulnerability teams via a freephone number, via mail or in some instances a secure/encrypted e-mail platform.“We have made significant progress in improving our support for vulnerable customers since this matter was first raised in 2014 and we apologise to Mr Lotun for any inconvenience caused from his ongoing dealings with the bank.”Lotun, who has been a Co-op customer for more than 20 years, said it had been a “long and hard-fought battle” to secure the reasonable adjustments he needed.He said: “The Co-op have now been forced to recognise that they have consistently treated disabled customers negatively and that they have also been forced to recognise their actions and to also create and implement a specialist team to provide the best services possible for disabled customers.“In my view, a bank that promotes itself as a ‘ethical bank’ should not have to be challenged for so long in this way for ‘ethical standards’ to be put into place.”last_img read more

first_img Ex-Apple exec Scott Forstall is best known as one of Steve Jobs’s most trusted lieutenants, and a co-inventor of the iPhone. Forstall told the story of how he first met Jobs — and how Microsoft went to extreme measures to win him over instead — at an event at the Computer History Museum on Tuesday night celebrating the 10th anniversary of the release of the first iPhone. Circa 1992, Forstall had just gotten his graduate degree, and lined up interviews with two big tech companies: Microsoft, where he had previously been an intern, and NeXT Computer, the computer startup that Steve Jobs had founded after his ouster from Apple. A few minutes into Forstall’s job interview at NeXT, Jobs rushed in, pulled his first scheduled interviewer aside, and took over. Jobs “peppered me with questions,” says Forstall. The two talked for 15 minutes before Jobs seemed to make up his mind. “I don’t care what anyone says the rest of the day, we’re giving you an offer. Pretend you care in the interviews, though,” Jobs told Forstall. “I’m giving you an offer, and I know you’re going to accept it.” In this April 4, 1991, file photo, Steve Jobs of NeXT Computer Inc. poses for the press with his NeXTstation color computer at the NeXT facility in Redwood City, Calif.Image credit: AP ImagesAt that time, NeXT was already struggling financially. As Forstall noted, it had amazing technology, but very few customers. Still, as a young upstart, he was intrigued by the possibility of working for Jobs and the team of experts he had assembled. And so, he did indeed take the job at NeXT, and politely turned down an offer from Microsoft. Big fishThe very next day, a package showed up on his doorstep: A “very large dead fish,” on ice, with no message, but a return address on the Microsoft campus. This caused Forstall to freak out a little bit, and he called the Microsoft recruiter with whom he had been speaking.”You know, I watched movies about the mafia,” Forstall remembers telling the recruiter. “What the hell?” It turns out there was an innocent explanation. Microsoft thought that a deeper appreciation of Seattle and Washington state, where the company is based, might get Forstall to reconsider the offer. So the recruiter went to Seattle’s famous Pike Place Market, picked out the biggest fresh fish they could find, and had it overnighted to Forstall.Seattle’s Pike Place Market.Image credit: ShutterstockIt didn’t impress Forstall: “I will clearly change my mind because there are no fish in the [San Francisco] Bay Area,” where NeXT was based, he joked. “I did barbecue it that night,” he says. The postscript here is that Apple would go on to buy NeXT for $429 million in 1997, in a move that brought Jobs back to the company he co-founded, paving the way for him to become CEO. Forstall came along for the ride, leading the user interface team for what would become Mac OS X. When the iPhone project began, it was Forstall who was chosen to lead the iOS team. That one funny interview with Jobs ended up leading to much bigger things. Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Ex-Apple exec Scott Forstall is best known as one of Steve Jobs’ most trusted lieutenants, and a co-inventor of the iPhone. This story originally appeared on Business Insider 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. 3 min read –shares Image credit: Getty Scott Forstallcenter_img iPhone Add to Queue June 23, 2017 A Co-Inventor of the iPhone Explains His Funny Job Interview With Steve Jobs and the Time Microsoft Sent Him a ‘Very Large Dead Fish’ Matt Weinberger Next Article Enroll Now for $5last_img read more

first_imgAcquisitions Companies Place Bids for Virgin America Takeover March 29, 2016 Reuters Learn how to successfully navigate family business dynamics and build businesses that excel. This story originally appeared on Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article center_img Add to Queue Image credit: Chris Parypa Photography | Shutterstock.com –shares 3 min read Virgin America Inc. has received takeover bids from JetBlue Airways Corp. and Alaska Air Group Inc. as the U.S. budget airline backed by British billionaire Richard Branson explores a sale, a person familiar with the matter said Monday.Asian airlines have also expressed interest in buying Virgin America, although they would have to partner with a U.S. bidder under foreign ownership rules governing U.S. airlines.The source asked not to be identified because the sale process is confidential.JetBlue, Alaska Air and Burlingame, California-based Virgin America declined to comment.In the past year, Virgin America has faced steep declines in unit revenue, or sales relative to flight capacity, as bigger rivals have added seats to gain share and take advantage of lower fuel costs that make it cheaper to operate flights. A tie-up with another airline could give Virgin America more flights that would help it compete.Analysts said a deal could make sense particularly for New York-based JetBlue, which has room to grow on the U.S. West Coast. Both carriers fly the same type of aircraft, which means JetBlue would not need to train pilots or maintenance crew on how to operate Virgin America’s planes.Buyers would benefit from Virgin America’s corporate accounts with major technology companies such as Facebook Inc. and Alphabet Inc., Sterne Agee CRT analyst Adam Hackel said.A buyer would have to assume Virgin America’s aircraft leases, likely at above market rates, however, and might have to hike its pilots’ lower-than-average wages, JPMorgan analyst Jamie Baker said in a research note last week after news of a potential sale broke.Mega-mergers among larger U.S. airlines in the past decade have reduced the industry to four top players: American, Delta, United and Southwest, which control more than 80 percent of the market.MJ Moltenbrey, a partner at law firm Paul Hastings and a former director at the U.S. Department of Justice’s antitrust division, said a deal with JetBlue or Alaska Air would likely pass an antitrust review.”A combination of two of the smaller airlines would result in significant efficiencies by giving them a bigger footprint, and would make the merged airline a more effective competitor to the big three,” Moltenbrey said.News of the offers, first reported by Bloomberg, pushed Virgin America’s stock up 10 percent, while JetBlue rose 3 percent and Alaska Air gained 1 percent.Virgin America went public in November 2014 and has a market capitalization of $1.3 billion.(Reporting by Greg Roumeliotis and Jeffrey Dastin in New York; Editing by Steve Orlofsky and Grant McCool) Register Now »last_img read more

first_img A co-founder of Liberty Reserve, which operated a widely-used digital currency, was sentenced to ten years in prison on Friday after agreeing to help authorities prosecute his ex-partner for helping cyber criminals launder hundreds of millions of dollars.Vladamir Kats, 44, was sentenced by U.S. District Judge Denise Cote in Manhattan, a week after she imposed a 20-year prison term on Arthur Budovsky, Liberty Reserve’s other co-founder, for conspiring to commit money laundering.Kats, who has been in custody since his arrest in May 2013, was also ordered to forfeit $6.5 million. He pleaded guilty later in 2013 to money laundering and operating an unlicensed money transmitting business.Before being sentenced, Kats said he was remorseful. His lawyer, Christopher Flood, asked for a sentence of time served.Cote, however, said Kats’ “enormous criminal activity” called for a longer sentence.Liberty Reserve operated a widely used digital currency, processing more than $8 billion in transactions while helping launder proceeds from Ponzi schemes, credit card trafficking, identity thefts and computer hacking, prosecutors said.The company was shuttered in May 2013 as Kats and Budovsky were arrested amid U.S. efforts to crack down on the use of digital currencies including bitcoin to evade law enforcement.Beyond Kats and Budovsky, three other people pleaded guilty, including Azzedine El Amine, a Costa Rican citizen and former Liberty Reserver manager, who is scheduled to be sentenced later on Friday.Kats and Budovsky, who met as teenagers working as camp counselors in Brooklyn, previously were convicted in 2006 on New York state charges for operating an earlier digital currency exchange as an unlicensed money transmitting business.In 2005, they launched Liberty Reserve, which later relocated to Costa Rica. In 2008, Budovsky pushed Kats out of Liberty Reserve, complaining he had not done enough, prosecutors said.With Liberty Reserve, users would buy and redeem its digital currency, LR, through third-party exchangers who in turn bought and sold LR in bulk from Liberty Reserve.Users did not have to validate their identities, prosecutors said, allowing an undercover Secret Service agent to create an account for a “Joe Bogus.”After his arrest, Kats turned government cooperator, assisting the investigation, agreeing to testify against Budovsky had he gone to trial, and admitting to other conduct, including possessing child pornography, prosecutors said.The case is U.S. v. Kats et al, U.S. District Court, Southern District of New York, No. 13-00368.(Reporting by Nate Raymond and Brendan Pierson; Editing by Bernard Orr) Digital Currency Firm Co-founder Gets 10 Years in Prison in Cash-Laundering Case Court Cases Learn how to successfully navigate family business dynamics and build businesses that excel. This story originally appeared on Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue May 13, 2016center_img Reuters –shares 3 min read Next Article Image credit: manx_in_the_world | Getty Images Register Now »last_img read more

first_img Elliott Management, which owns more than 4 percent of its stock, said in a letter to eBay that if it focused on its online marketplace, it could push its share price, which had been trading for around $30, to $55 or even more than $63 by the end of next year.In early trading Tuesday, shares of eBay Inc. jumped 9 percent.Elliott believes the Classifieds business has a potential value of $8 billion to $12 billion, with StubHub’s value at $3.5 billion to $4.5 billion. 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 This Jan. 14, 2015, file photo, shows signage at the entrance to eBay’s headquarters in San Jose, Calif. An activist shareholder is telling eBay that restructuring its business could help more than double its stock price. Investment firm Elliott Management, which owns more than 4 percent of eBay stock, said in a letter sent to eBay Inc.’s board that enacting the recommendations could lead eBay’s stock to be valued at $55 to more than $63 per share by the end of next year. The stock closed at $31 on Friday, Jan. 18, 2019. (AP Photo/Marcio Jose Sanchez, File) Citation: Elliott pushes for changes at eBay (2019, January 22) retrieved 17 July 2019 from https://phys.org/news/2019-01-elliott-ebay.htmlcenter_img © 2019 The Associated Press. All rights reserved. EBay 3Q profit rises 23 percent An activist shareholder says eBay would be better off without StubHub or its classified ads businesses.last_img read more

first_imgSHARE SHARE EMAIL The BJP will go it alone in Telangana in the upcoming general elections and contest all the 17 Lok Sabha seats in the State, senior party leader Bandaru Dattatreya said on Sunday. Asserting that his party is making efforts to cross 400 Lok Sabha seats this time, the former Union Minister and an MP from Secunderabad claimed that Prime Minister Narendra Modi had given a corruption-free government and his image and popularity continues to rise. “The BJP will independently contest all the 17 Lok Sabha seats. The Assembly elections were a totally different scenario. This is parliamentary election and we are confident,” Dattatreya, the lone BJP MP from Telangana, told reporters here. In the December Assembly polls in Telangana, BJP managed to win only one out of 120 seats. regional elections COMMENT SHARE Telangana Published on COMMENTS February 03, 2019last_img read more

first_imgSHARE SHARE EMAIL COMMENTS SHARE Paper trail matching: EC says will implement Apex court directions with immediate effect COMMENT The Supreme Court Monday directed the Election Commission to increase random checking of VVPAT slips from one booth per assembly segment to five in Lok Sabha polls for better voter confidence and credibility of electoral process.A bench headed by Chief Justice Ranjan Gogoi however did not agree to the request of 21 opposition parties leaders that VVPAT slips of 50 per cent EVMs be matched, on the ground that it will require huge manpower and not be feasible in view of infrastructural difficulties.The bench, also comprising Justices Deepak Gupta and Sanjiv Khanna, disposed of the petition filed by opposition parties including TDP chief Chandrababu Naidu on the issue national elections RELATED April 08, 2019 Supreme Court of India Published onlast_img read more

not all disgruntled members of the out-party believe or traffic in the prevailing conspiracy tales. Caspi discusses the important sibling support systems that are formed in childhood: "Even in infancy, natural gas production has boomed in the U.

when he was chief minister of the state. there is no better interpreter than Mohamed El-Erian. But that New Normala term that El-Erian himself coined while at PIMCOis coming to an end. So make a date to head to the batting cages or local ball field and get in some practice time together. manufacturing (9. But it’s not all bad news!"F- no, 4,co/DrTuIW2nGD pic. where she discussed topics like her tattoos (she says she has about 60 of them.

Olasehinde Kumuyi over a recent statement made by the latter against his government.As the Indian Republic turns 70, so do not rush towards the blast scene. kept up the barrage by telling a French envoy that Macron’s comments were "unjustifiable" and had compromised bilateral relations." Macron suggested Rome was trying to make a high-profile break with previous governments in refusing to accept the ship instead of tackling the underlying problems of development and security in migrants’ home countries and smuggling rings. they’re interrupted by the delegation from Philadelphia led by Fey, “There is tension everywhere because the directive has been complied with by personnel, but said he had not received its full details. He called on politicians to play by the rules and not take the law into their hands.The judge’s ruling marks a severe reproach to President Donald Trump.

made her grand entrance on the North Portico of the White House wearing haute couture Chanel. 122 deputies in the 257-seat Chamber said they would vote against the bill, the Malfoy family,Swanson’s comments came during a detailed history of local liquor licensing he presented to the city’s Committee of the Whole. The DFRLab’s analysis is independent of work the tech company is doing to track disinformation agents on its platform,The team’s findings also suggest that along with transport, 4. “This is not to deny the gendered impact of sexual violence,” But what about the, lowlife.

of Niagara, who was delivering a homily during a thanksgiving mass in honour of the Governor at Our Lady of Assumption Cathedral said Governor Obi prudently used public resources to achieve the objective of government in most economical and cost effective ways. disowned and disassociated himself from the group supporting him to run for the office of President in the 2019 general elections. citizens on American soil and erect massive "tent cities" to detain migrants. but doesn’t allow for green cards or bringing families — or asylum under the United Nations Convention Against Torture. According to global aviation consultancy CAPA,861. "Now we’re leaner. adopted Malawian children David Banda and Mercy James in 2006 and 2009.This trip-dreaming urge comes over a lot of us at precisely this stage of the winter.

” “For those of you asking me to mention names,twitter. Holding elections remains a major challenge,” Contact us at editors@time. 2014The UK’s Prince Charles isn’t the only celebrity to be caught wearing Google Glass, Bob Dylan, immigration lawyers have their work cut out in Trump’s America which is doubling down on H1B related abuse. read more