10 months agoChelsea No2 Zola: Ampadu has very important future here

first_imgAbout the authorPaul VegasShare the loveHave your say Chelsea No2 Zola: Ampadu has very important future hereby Paul Vegas10 months agoSend to a friendShare the loveChelsea No2 Gianfranco Zola admits they’re delighted with the progress of Ethan Ampadu.Ahead of facing FA Cup opponents Nottingham Forest today, Zola discussed the teen.Ampadu committed his future to Stamford Bridge in September with a new five-year deal and assistant manager Zola stated he is highly rated at the club.The Blues legend said: “Ampadu is… when we spoke about Ampadu, me and a lot of staff, everybody shares the same opinion: he’s going to become an important player for this club.”He has intelligence, he has attitude. He has all the, in my opinion, qualities to become a top player. As a staff we value him a lot and when there is an opportunity he will get time.” last_img read more

How We Calculate NBA Elo Ratings

Anderson Packers–19491562 ELOEQUIVALENT RECORDTEAM DESCRIPTION Baltimore Bullets–19471419 Fort Wayne PistonsDetroit Pistons19481495 120015-67Historically awful 150041-41Average Sheboygan Red Skins–19491405 There are just a few NBA-specific parameters to set, which we’ll describe below.The K-factorElo’s K-factor determines how quickly the rating reacts to new game results. It should be set so as to efficiently account for new data but not overreact to it. (In a more technical sense, the goal is to minimize autocorrelation.) If K is set too high, the ratings will jump around too much; if it’s set too low, Elo will take too long to recognize important changes in team quality.We found the optimal K for the NBA to be 20. This is higher than we expected; it’s in the same range as the K used for NFL and international soccer Elo ratings even though the NBA plays far more games than those sports. It’s much higher than the optimal K for baseball. It implies that you ought to give relatively high weight to an NBA team’s recent performance.One way to interpret this is that NBA data is subject to relatively little randomness. This makes it different from sports like baseball and hockey, whose game-by-game results are pretty noisy; in those sports, your default assumption should be that a winning or losing streak is mostly luck. That isn’t so true for basketball. Streaks may reflect true, if perhaps temporary, changes in team quality. When the Atlanta Hawks went on a 19-game winning streak this season, for instance, they were undoubtedly getting a little lucky, but they were probably tougher to beat than at other points in the season.There are still some cases in which Elo seems too slow to catch up to reality, like when Michael Jordan left the Bulls or LeBron James left the Cavs. But remember: Elo is only looking at game scores and not the composition of the roster. If that’s all the information you have, setting Elo to react more quickly to these cases would make it overreact to others. The Oklahoma City Thunder’s Elo rating never dipped below 1508 this year despite its 3-12 start, for instance, and that proved to be prudent since the team went 42-25 the rest of the way and ended the year with an Elo rating of 1583.Home-Court AdvantageHome-court advantage is set as equivalent to 100 Elo rating points. One hundred Elo points is equivalent to about 3.5 NBA points,1As for our NFL Elo ratings, it’s possible to translate NBA Elo ratings into point spreads. Here’s the formula: Take the difference of the two teams’ Elo ratings, add 100 points for the home team and then divide by 28. That gives you a projected margin of victory for the game. For instance, in Game 1 of the 2013-14 NBA Finals, the San Antonio Spurs had a 92-point Elo advantage over the Miami Heat, as well as home court, for an overall advantage of 192 Elo points. Dividing that by 28 would make San Antonio roughly 7-point favorites in the game. so that’s like saying the home team would be favored by 3 or 4 points if the teams were otherwise evenly matched.In practice, the magnitude of home-court advantage has waxed and waned over the NBA’s history. Home teams won by an average of 5.8 points in the 1987-88 regular season, for instance, but by just 2.4 points in the past season. And some teams (especially those like Denver and Utah that play at high altitudes) have historically had slightly larger home-court advantages.Still, the spirit of the Elo system is to keep things simple. We experimented with a dynamic home-court advantage rating that changes over time, but we found that it made almost no difference to the overall ratings, partly because each NBA team plays about half its games at home and half on the road. So we’re using the constant 100-point home-court advantage instead.Margin of VictoryElo strikes a nice balance between ratings systems that account for margin of victory and those that don’t. While teams always gain Elo points after wins and lose Elo points after losses, they gain or lose more with larger margins of victory.This works by assigning a multiplier to each game based on the final score and dividing it by a team’s projected margin of victory conditional upon having won the game. For instance, the Warriors’ 4-point margin over the Rockets in Game 1 of this year’s Western Conference finals was lower than Elo would expect for a Warriors win. So the Warriors gain Elo points, but not as many as if they’d won by a larger margin. The formula accounts for diminishing returns; going from a 5-point win to a 10-point win matters more than going from a 25-point win to a 30-point win. For the exact formula, see the footnotes.2The margin of victory multiplier is calculated as follows.Take a team’s margin of victory, add 3 points and then take the result to the power of 0.8.Divide the result by the following formula: 7.5+.006*(elo_diff), where elo_diff represents the Elo rating difference between the teams, accounting for home-court advantage. Elo_diff should be negative in games won by the underdog.For instance, in Game 1 of the Warriors-Rockets series, the Warriors entered the game with a an Elo rating 118 points higher than the Rockets’ and had home-court advantage, for an elo_diff of +218. They wound up winning the game by 4 points. Thus, their margin of victory multiplier is calculated as follows:What if the Rockets had won by 4 points instead? Since they were underdogs, they’d get a larger multiplier:While this formula may seem clunky, it accounts for the fact that favorites tend to win games by larger margins than they lose them. Failing to correct for this will introduce autocorrelation into the system and make the ratings less stable. See here for further discussion.Year-to-Year Carry-OverInstead of resetting each team’s rating when a new season begins, Elo carries over a portion of a team’s rating from one season to the next. In our NFL Elo ratings, teams retain two-thirds of their rating from the end of the previous season. In our NBA ratings, by contrast, they keep three-quarters of it. The higher fraction reflects the fact that NBA teams are more consistent from year to year than NFL squads.For example, the Miami Heat ended the 2012-13 NBA season with an Elo rating of 1754. The team’s Elo rating for the start of the 2013-14 season is calculated as follows:(.75 * 1754) + (.25 * 1505) = 1692Detail-oriented readers may see something that seems amiss here. Each team’s Elo rating is reverted to the mean, and — as we’ve said — the long-term mean Elo rating is 1500. So why does a slightly different number, 1505, appear in the formula?Expansion, Contraction and MergersThe reason has to do with the way we handle expansion teams. In principle, the implementation of this is pretty simple. Each franchise begins with an Elo rating of 1300 in its inaugural professional season. The reason we revert to a mean of 1505 rather than 1500 is that there are liable to be a couple of relatively recent expansion teams in the league at any given time. Giving established teams a rating very slightly higher than 1500 counteracts the expansion teams and keeps the league average Elo close to 1500 over the long run.But the league average Elo rating will be slightly different from 1500 in any given season, depending on how recently the league has expanded. It was 1504.5 during the 2014-15 NBA season, for instance, slightly higher than the long-term average because the NBA hasn’t expanded much recently.The league average tended to fluctuate more in the early years of the NBA because of constant expansion, contraction and mergers with other leagues. (We’ve learned way more than we wanted to know about the early history of American professional basketball, like that you could have once watched a game between teams named the Indianapolis Kautskys and the Akron Firestone Non-Skids.) The league average reached a peak of 1534.5 in 1954-55 after a number of losing teams had disbanded. By contrast, it was just 1440.5 in the 1970-71 season after the NBA expanded rapidly.There’s one other tricky part. We said a team begins with a rating of 1300 in its first professional season. That doesn’t mean its first NBA season. Instead, teams get credit for their performance in predecessor leagues that merged with the NBA:The Basketball Association of America (BAA), which began play in 1946-47, is usually considered the official predecessor of the NBA. So we track all BAA teams’ Elo ratings explicitly, starting them at 1300 in 1946-47.We also track American Basketball Association (ABA) Elo ratings explicitly — yes, that includes The Floridians! — starting them at a rating of 1300 in the ABA’s inaugural season of 1967-68. The year-end adjustment takes care of the rest, allowing the ABA’s performance to gradually improve over time. The four ABA teams that joined the NBA in 1976-77 simply carry over their ratings from ABA. Because these teams — the Indiana Pacers, San Antonio Spurs, Denver Nuggets and New York Nets — had been among the more successful ABA franchises, Elo ratings imply that the merger with the ABA did not weaken the NBA much. The four ABA imports averaged a respectable 40-42 record in their first three NBA seasons, in fact.The National Basketball League (NBL) was a competing professional basketball league that began play in 1937-38 and included colorfully named franchises like the Non-Skids. It merged into the BAA in advance of the 1949-50 season, at which point the combined league was renamed the NBA. In fact, most of the better franchises in the early days of the NBA originated in the NBL rather than the BAA, including the Minneapolis Lakers, Rochester Royals and Fort Wayne Pistons. While we could not track down game-by-game results for the NBL, we inferred Elo ratings for NBL teams based on the season standings and playoff results, and these ratings carry over when teams enter the NBA. For instance, the Syracuse Nationals (now the Philadelphia 76ers) begin with a rating of 1458 in their first NBA season in 1949-50.Finally, one early NBA team, the Baltimore Bullets, originated in a third early league, the American Basketball League (ABL). Confusingly, that original version of the Baltimore Bullets bears no relationship with the team that would later play as the Baltimore Bullets from 1963 to 1973 (and which is now known as the Washington Wizards). However, Elo gives the original Baltimore Bullets credit for the seasons they played in the ABL.3Since data on the ABL is very hard to come by, the Bullets’ initial rating is simply calculated by starting them with a rating of 1300 and then reverting them toward the mean of 1505 for each season they played in that league. You can find the starting Elo ratings for the Bullets and NBL teams below: 180067-15All-time great 130022-60LOL 140031-51In the lottery Rochester RoyalsSacramento Kings19481535 Minneapolis LakersLos Angeles Lakers19481527 Waterloo Hawks–19491382 Tri-Cities BlackhawksAtlanta Hawks19491430 Teams retain their prior Elo ratings when they change cities or nicknames. This includes the teams now known as the New Orleans Pelicans and Charlotte Hornets. The NBA, in a bit of revisionist history, considers the current Charlotte Hornets (who were known as the Charlotte Bobcats until this season) to “own” the statistics of the team that played as the Charlotte Hornets from 1988-89 through 2001-02, before they moved to New Orleans. We instead link those Hornets seasons with the New Orleans Hornets, who are now the New Orleans Pelicans. Denver Nuggets–19491295 Syracuse NationalsPhiladelphia 76ers19491458 160051-31Playoff bound Hopefully if you’re reading this, you’ve had a chance to explore our new interactive graphic, “The Complete History Of The NBA,” which tracks each NBA and ABA franchise’s performance through every game of its history.So now for the exciting part: 2,000 words about autocorrelation and the Akron Firestone Non-Skids.Actually, this won’t be too bad because Elo is a pretty simple formula. The guts of the system are the same as we used for the NFL and which other researchers have applied to competitions ranging from chess to soccer. For those new to Elo, here are its essential features:The ratings depend only on the final score of each game and where it was played (home-court advantage). They include both regular-season and playoff games. The principal source for game-by-game scores is Basketball-Reference.com.Teams always gain Elo points after winning games and lose ground after losing them. They gain more points for upset wins and for winning by wider margins.The system is zero-sum. When the Denver Nuggets gained 30 Elo points by upsetting the No. 1 seed Seattle SuperSonics in the first round of the 1994 NBA playoffs, the Sonics lost 30 points.Ratings are established on a game-by-game rather than a season-by-season basis. So you can see changes in a team’s “form” over the course of the year: The Toronto Raptors had a much higher rating early in the 2014-15 season than at the end of it, while the reverse has been true for the Cleveland Cavaliers.The long-term average Elo rating is 1500, although it can vary slightly in any particular year based on how recently the league has expanded (more about that below). More than 90 percent of team ratings are between 1300 (pretty awful) and 1700 (really good), but historically great or truly execrable teams can fall outside that range: Indianapolis Jets–19481366 170060-22Title contender NBL/ABL TEAMCURRENT FRANCHISEFIRST YEAR IN NBA/BAASTARTING ELO read more

Alan Major joins Ohio State mens basketball team in noncoaching role Kyle

Former Charlotte head coach Alan Major, right, hired by Ohio State. Courtesy: TNSAfter three seasons of not meeting expectations, it appears Ohio State coach Thad Matta is bringing back another member of his staff that brought him some of his best teams.Alan Major is returning to Matta’s staff for the 2016 season, but this time in a new role. The team said he will serve the role of director of recruiting and player development.Major has spent plenty of time working under Matta. He was an assistant coach to Matta at Xavier University from 2001 to 2004 and went on to OSU to coach under Matta again. From 2004 to 2010, Major helped to recruit and develop big men. He left after the 2010 season to serve as the head coach of UNC-Charlotte for five seasons where he accumulated a career record of 67-70 before leaving the team due to health issues during the 2014-2015 season.Prior to his time with Matta, Major served as an assistant coach at Cal Lutheran from 1992-95, Pacific from 1995-98, Southern Illinois from 1998-99 and Pacific again from 1999-2000.“Alan has many skills and talents above and beyond those he’s utilized as a coach over the years,” Matta said in an email. “I want him to help us develop a complete and well-rounded student-athlete. Alan is the perfect fit for this position.”Major is no stranger to developing players. In his vast college basketball career spanning 23 years serving as either assistant coach or head coach, he has coached such players as former OSU first round NBA selections Greg Oden, Mike Conley and Evan Turner as well as former Xavier star and first rounder David West and Pacific No. 1 overall selection Michael Olowokandi. Nearly everywhere he has gone, Major has found success. While Major worked with Matta both at Xavier and OSU, he contributed to a 234-77 record in his nine years. He reached the NCAA a total of seven times, once at Xavier reaching the Final Four (2004) and once going as far as the national championship game (2007). In 2008, the pair won the National Invitation Tournament title.Along with Major, OSU announced that former manager and graduate assistant Kyle Davis has been promoted to the video coordinator position vacated after Jake Diebler left for an assistant coaching job at Vanderbilt.Davis served as recruiting coordinator for the summer until Major was hired. As a graduate assistant in 2015-16, Davis helped the coaching staff with coordinating recruiting visits and preparing nearly all video footage used for game preparation. This is his first coaching job. read more

Buckeyes seeking lucky No 7

Six years ago, the Ohio State Buckeyes were at the end of arguably their most disappointing season under coach Jim Tressel. Heading into the last week of the regular season, the Buckeyes were 6-4 and looking ahead to what would be the first non-January bowl game of the Tressel era. Then one game changed the outlook of not only the entire season, but also the entire OSU football program. On Nov. 20, 2004, the Buckeyes stunned the No. 7 Michigan Wolverines in Ohio Stadium behind 391 yards of total offense from quarterback Troy Smith. In one game, the Buckeyes went from a disappointing team that lacked an identity to a team with a quarterback of the future who provided them with just that. It was also the start of a streak of domination in the rivalry for the Buckeyes, who have won six straight contests against the Wolverines, outscoring them 181-101 in that stretch. Michigan coach Rich Rodriguez is hopeful that a win Saturday against the Buckeyes will provide a similar reversal of fortunes for the Wolverines. “It’d mean an awful lot, certainly for our fans and for our university, but more importantly for our seniors and our players because they haven’t had the chance to win that,” Rodriguez said. “We’ve got to perform better and get some wins to make us feel better and make our fans feel better.” In his first two seasons as Michigan’s coach, Rodriguez’s teams have lost 42-7 and 21-10 to the Buckeyes. This year’s Wolverine team is the most formidable — at least offensively — that Rodriguez will bring into “The Game.” Unlike Rodriguez’s first two seasons, Michigan’s offensive personnel now fit its spread scheme. The Wolverines have found success behind dual-threat quarterback Denard Robinson, an early-season Heisman candidate who fell out of contention because of injuries and a three-game losing streak in the middle of the season. Robinson has rushed for 1,538 yards and 14 touchdowns and has thrown for 2,229 yards, 16 touchdowns and 10 interceptions, leading the Wolverines to a 7-4 record that will land them in their first bowl game under Rodriguez. Tressel said Robinson’s ability to both run and throw the ball makes him difficult to prepare for. “It’s impossible to simulate him because there’s no one like him,” Tressel said. “It’s a tremendous challenge because it gives you all of the problems that a Wildcat offense gives you with a great running back back there. But along with it, it has all of the passing problems.” Robinson has played a critical role in Michigan’s offense, which is ranked 10th in the nation in rushing, with 257.4 yards per game, and 15th in the nation in points scored, with 36.8 points per game. Michigan’s defense has failed to find the same success that its offense has, as it is ranked 99th in the country in scoring, giving up 33.5 points per game. Despite the statistics, Robinson said he hasn’t lost confidence in his team’s defense. “I think our defense is one of the best defenses in the nation,” Robinson said. “I don’t care what nobody say. We play against them every day, and they help us get better.” Tressel agreed that the statistics don’t necessarily tell the tale of the Michigan defense. “They’ve given up too many big plays, but the thing I love about them is I see them flying around and I see a lot of young guys who aren’t young anymore,” Tressel said. The longest streak in the rivalry thus far came from 1901-1909, when the Wolverines got the better of the Buckeyes for nine straight years. A win on Saturday would move OSU two games away from matching that streak. “There’s been pressure every year. It’s something that comes with it,” OSU wide receiver Dane Sanzenbacher said. “Nobody wants to be the team that breaks the streak.” With a share of the Big Ten title and a potential sixth straight trip to a BCS bowl game still within grasp, the Buckeyes have more than just pride to play for. OSU defensive end Cameron Heyward said the Buckeyes understand the high stakes. “A lot. A share of the Big Ten title and our biggest rival,” Heyward said. “Michigan is always going to play their best against us. We wouldn’t have it any other way to go out against a quality opponent. It’ll be a rough one, but we’re ready for it.” Regardless of bowl game implications, the Buckeyes remain focused on extending their winning streak over the Wolverines to a lucky No. 7. “The Ohio State-Michigan game is the focus,” Tressel said. “There are tons of by-products for everybody, but the single most one everyone knows that’s ever coached or played at Ohio State is that you’re defined by your Ohio State-Michigan games.” read more

Former Buckeyes linebacker Tyler Moeller moves past pro football dream

Tyler Moeller still remembers No. 1 Ohio State and No. 2 Michigan’s 2006 battle in Ohio Stadium. He said he never imagined his college memories would be the last of his football career. “I just can’t forget my freshman year – the excitement of winning the game and everyone storming the field and taking the grass of the field because we were going to turf the next year,” Moeller said. “Thousands of people holding up big chunks of grass over their head like they just conquered the world.” The possibility of an NFL career for the former OSU safety and linebacker was taken from him after he was allegedly attacked at a bar while with his family in St. Petersburg, Fla., on July 26, 2009. He suffered a fractured skull and a serious brain injury. “It was hard for Tyler. He is so high-strung, so if he wasn’t out there playing, he didn’t feel like he was a part of the team. So really it was as much as us trying to get Tyler back just to be around his friends,” OSU defensive coordinator and linebackers coach Luke Fickell told The Lantern. “By nature, if he’s not playing, he doesn’t feel comfortable. I think that was most difficult.” Moeller returned for the 2010 season, but his troubles did not end there. Moeller suffered a pectoral injury five games into the 2010 season after already missing nearly two seasons. Fickell said Moeller was physically behind but mentally ready to start playing again. “I think that was the biggest thing, to see if he really, truly was back, because sometimes when you’re not being yourself, coming off of injuries of different sorts, you’re vulnerable to more injuries because you’re not playing like you normally do, puts you in almost more harm,” Fickell said. Moeller came back during the 2011 season for the Buckeyes and accumulated a total of 44 tackles and one interception. After the season, Moeller began training for the NFL Draft, but he ultimately accepted a medical sales position with VWR International, a chemical and laboratory supplier headquartered in Radnor, Pa., four weeks into the process. “It was one of the toughest decisions I have had to make because one, so many injuries, first with the head injury then the chest, my body physically was just a wreck. It’s still a wreck now,” Moeller said. “I feel fine now, but I don’t want that to affect me in 10 or 20 years and have it come back to haunt me.” Dr. Paul Gubanich is a team physician for OSU Sports Medicine and an assistant clinical professor of internal medicine at OSU. Gubanich previously worked with professional football players as a member of the Cleveland Browns’ medical staff from 2004-2010. Gubanich cited head injuries that players receive during their careers as a continuing issue throughout their retirement. “Right now, people are having issues down the road, consequences decades later,” Gubanich said. “There is evidence with athletes who have three or more concussions are likely to become depressed or suffer other cognitive problems. And there are retired NFL players that are looking at mental health diseases after playing.” Moeller said many wanted him to continue playing, but he knew it wasn’t what was best for his body. “It was junior year of high school, I knew I wanted to play for a big-time college, ” Moeller said. “In college, I wanted to do whatever I could do to get to the next level.” Moeller said that he is enjoying his life after OSU football. “Everything’s so convenient out here,” Moeller said. “I have a Whole Foods about 200 feet away from me, so everything is just so close.” Fickell said one of the hardest things for players is realizing when it’s time to move on, but seeing Moeller develop other interests while finishing his OSU career was the transformation he needed. “That’s the one thing you miss when you see guys transition from football to whatever you want to call the real world – moving on and changing what they have a passion for,” Fickell said. “Sometimes, guys are still holding on to the game of football – you saw Tyler transform and hopefully he’ll be successful because he is such a passionate person.” read more

Hitzfeld believes that Kovac or Favre will coach Bayern

first_imgJupp Heynckes is likely to quit Bayern Munich at the end of the ongoing season and the club has to look for a possible replacement – and Ottmar Hitzfeld believes that Niko Kovac or Lucie Favre would be the right choices.Niko Kovac used to play for Bayern Munich and he is current coach of Eintracht Frankfurt – to be added, he also coached Croatia national team in the World Cup 2014 in Brazil. Lucien Favre managed to lead Nice successfully to the European cups the previous season from the Ligue 1.The former Bayern Munich coach spoke about possible replacements of Heynckes, according to Sports Keeda:“The expectations with Croatia were huge. Kovac showed great games with the team at the [2014] World Cup,” Hitzfeld told Sport Bild.rb leipzig, bayern munichReport: Bayern are held by Leipzig George Patchias – September 14, 2019 Bayern Munich was held to another draw, this time by RB Leipzig.Bayern Munich finds themselves in the unfamiliar position of sitting third in the…“Frankfurt are now playing beyond their means, next year [possibly even in] Europe. He was also a Bayern player, he knows how the club works. And he is a strong personality who has a clear mindset and open and honest communication.“Every player is equally important to him. He can motivate and excite the team.“Lucien Favre has already done a good job at German clubs and can play good, offensive football. He is also one who can carry a team, a meticulous coach. Basically, he could work for both [Dortmund and Bayern].”last_img read more

Lloris on Frances quality We can be explosive

first_imgFrance captain Hugo Lloris believes that the quality within the national team is “explosive” ahead of the World CupLes Bleus head to Russia aiming to win their first World Cup title in two decades, where head coach Didier Deschamps himself captained the side to glory at home soil.France boasts the likes of Antoine Griezmann, Paul Pogba and Ousmane Dembele in their ranks this summer and Lloris is confident that they can prove themselves to be a serious threat for favourites Spain and Germany.“I don’t think the French players have the same DNA as the Spanish, the quality of France is that we can be explosive,” he told Marca.“The Spanish and German teams like to have more possession and take their time to create, we can counter-attack at a frightening speed.“We must be ready to suffer in difficult moments, because that’s where we have to be strong as a team and then take our chances to score.”Expectations are high within the French camp, but Lloris would prefer to take things one step at a time and focus on progressing through the group stages first.Euro 2020Report: Euro 2020 qualifying Group H George Patchias – September 11, 2019 Euro 2020 qualifying Group H is being controlled by France and Turkey, but Iceland is still in with a shout.Reigning world champions France ran…“Before looking to the final, you have to focus on the group,” confirmed Lloris.“The danger is to believe that things are going to be easy, we know that at this level every match will be complicated.”You can only be focused on the present, but we do have potential and quality.”The 31-year-old believes that the role of a captain has changed over the years and feels that the most important thing is to be firm in your convictions.“There are different ways of being a captain, it depends on your character,” he said.“Maybe 20 years ago the captain would have made more noise in the dressing room, today there are other ways.“The most important thing is to be firm in your convictions and be respected by the coach and your teammates, I’m aware of my responsibility.”last_img read more

CWBusiness launches Hospitality TV in TCI

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, November 30, 2017 – Providenciales – The face of television is changing with Cable & Wireless Business, as the region’s leading telecommunications provider has unveiled a new product specifically geared towards TCI’s leading industry.C&W Business launched its new cutting-edge integrated Next Generation Hospitality Interactive TV in Turks and Caicos at an industry event hosted at the Blue Haven Resort, aimed at making the hospitality sector more globally competitive to meets the demands of the “connected guest.”A bespoke solution, C&W Business Hospitality Interactive TV can be tailored to an all-inclusive resort, business hotel, luxury, or small property.   It can be fine-tuned for the guests the property most commonly serves: whether families, young travelers, adults only, or business travelers.“The present demands of today’s travellers in this vast industry with an expanding cluster of world class luxury hotels deserves a world class solution, and Cable & Wireless is here to deliver,” said Flow TCI, Country Manager, Delleriece Hall.CW Business Sales Manager, Joanne Missick added: “We are very proud of where we are today and we are very much excited about where we are headed. As an organization, we have the vision, the knowledge, and the experience to pave the way to the future.”With a larger selection of channels, inclusive of high-definition content, integrated digital signage that encompasses every screen on the property, and a dedicated hotel channel to guide visitors to restaurants, bars, and other on-property amenities, the solution can be delivered via analog, digital or full end-to-end Internet Protocol Television (IPTV).Basic packages comprise either 29 or 65 channels, whilst Add-On Packs enable the guest to stay connected with the latest sports, movies, or news, or provide entertainment for the family, by signing on for Movie Pass, Fox Pass, Kids Pass, Sports Pass, or Global Pass.Additionally, the new Interactive TV solution comes with 24/7/365 proactive monitoring and support by a team of Cable & Wireless technology experts, which allows them to remotely troubleshoot any potential issues.Vice President, B2B Sales Operations, Boris Kluck, remarked: “The Hospitality industry is an incredibly competitive marketplace and while there is no doubt about the natural beauty of the Turks and Caicos, it is critical that you differentiate your properties in order to stand out from the many other choices that travellers have.”Kluck further stated that, “Increasingly, what our research tell us is that your guests’ digital stay is becoming just as important as their actual physical stay – ensuring that you have the right technology solutions to meet the digital demands of your guests will be an important factor of differentiation when they are making the important decisions about their next vacation.   C&W Business continues to invest in the hospitality sector as we recognize its importance to economic growth in the region.   We are committed to providing world-class technology solutions that will help you deliver an unparalleled guest experience.”The workshop today saw a number of key representatives from the hotel sector, including Director of Tourism, Mr. Ramon Andrews who provided a positive and encouraging overview of the status of the hospitality industry following the passing of the recent hurricanes.Andrews stated, “It is no secret that we are definitely blessed in Turks and Caicos despite everything that we came through, as it relates to two storms, Irma and Maria.   We find faith witnessing people put themselves aside and focus on the goal of understanding that there is a much bigger picture here.   I think if we continue to approach everything the way we have approached this devastation, I think that we will continue to be successful in Turks and Caicos.”For more information on CW Business newest hospitality offering, visit https://cwcbusiness.com/solutions/hospitality-solutions/ today.Press Releases: Cable & Wireless Related Items:last_img read more

Crossroads of the West discussion instudio with guest Tiffany Cheuvront

first_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – California Rifle & Pistol Association activists are working to make sure the “Crossroads of the West” gun show at the Del Mar Fairgrounds will continue to take place after December 31.Civil Rights Attorney for the California Rifle AND Pistol Association Tiffany Cheuvront joined us in-studio Monday for more. Posted: September 10, 2018 Categories: Local San Diego News, Politics FacebookTwitter September 10, 2018 KUSI Newsroom, center_img KUSI Newsroom “Crossroads of the West” discussion in-studio, with guest Tiffany Cheuvront Updated: 10:41 PMlast_img read more

Booking Begins For Summer Ferries

first_imgFresh towels, pillows and blankets are available upon request for a small fee. The system currently extends across 3,500 miles of scenic coastline with ten ferries providing service to over 35 coastal communities. The AMHS summer schedule covers ferry travel from May through September 2018 on the only marine route recognized as a National Scenic Byway and All-American Road. Story as aired:http://www.radiokenai.us/wp-content/uploads/2017/12/Dorene-on-Booking-begins-for-summer-ferries.mp3 Courtesy of Alaska Marine Highway SystemThe Kennicott is 382 feet long and 85 feet wide, with a service speed of almost 17 knots. Reservations are available for booking at FerryAlaska.com, by calling 1-800-642-0066, or visiting ferry terminal staff throughout the system. The ship has 48 four-berth and 58 two-berth cabins which offer offer sink areas and linens. Onboard amenities include observation lounges with comfortable chairs, a covered heated solarium, a cafeteria-style restaurant, a movie lounge, showers, coin-operated lockers, writing and quiet lounges, and a child’s play area. She is designed to carry around 500 passengers and can carry 70 some vehicles. FacebookTwitterEmailPrintFriendly分享For those who are wanting to secure a seat aboard the poor man’s cruise ship, the Alaska Marine Highway System Summer 2018 Schedule is now open for booking. The M/V Kennicott runs from Homer to Bellingham, Washington with stops in Seldovia, Kodiak, Chenega Bay, Whittier, Yakutat, Juneau, and Ketchikan. For around a thousand dollars you can take the whole trip.last_img read more

Alien researcher releases footage of UFOs hovering above Wasatch Mountains in Utah

first_imgYouTube: MavixxxConspiracy theorists have long been alleging that aliens from deep space used to visit earth regularly, and most of the time, they will be hiding near mountain ranges and underwater. Adding heat to their claims, an anonymous alien researcher known by the name ‘Mavixxx’ has released a mysterious video that shows two unidentified glowing objects hovering above the Wasatch Mountain ranges in Utah.After uploading the video of the bizarre UFO sighting on YouTube, Mavixxx claimed that the clip was sent to him by a user named Pana Rican. The conspiracy theorist also revealed that the alleged sighting happened on June 04, 2019. In the video which was shot in broad daylight, two unidentified flying objects, one pretty large when compared to the other was seen hovering silently above the ranges.In the same video, Mavixxx has also unveiled several other UFO sightings that happened in the past few months, and out of them, the most interesting one being a clip apparently captured from Edmonton, Canada. In the clip, a jet plane can be seen flying low, and in the meantime, a cylindrical UFO zipped past the flight at an amazing speed.The video uploaded by Mavixxx has already gone viral on the internet, and as of now, it has racked up thousands of views on YouTube. After watching the video, conspiracy theorists outlandishly claimed that these sightings are authentic proofs of alien existence. As per these conspiracy theorists, aliens are building secret bases on mountains, and the activities are carried out with the knowledge of the government and space agencies like NASA.These conspiracy theorists argue that NASA is intentionally covering up the secrets regarding alien life fearing public panic.”The first those are on the other side of those massive mountains and just too far to gain a visual but they are very big and there’s two. In a split second of the frame, I see a fighter jet In the upper right corner. Is there a base nearby?” commented Muttaxe444, a YouTube user.”Thank people like MAVI for creating youtube channels such as this, to tell the truth, that people yearn for,” commented Kalifornia Kid, another YouTuber.last_img read more

Minor boys save train

first_imgHeroes of the day: Sihabur Rahman, 6, and Titon Ali, 7.Two minor boys saved a train from an accident at Bagha upazila in Rajshahi district on Monday. They are Sihabur Rahman, 6, son of Sumon Ali, and Titon Ali, 7, son of Shahidul Islam.Nayan Ahmed, station master of Arani stattion at Bagha, said there was a bang when inter-city train the Silk City moved past Jhina Rail Gate.Sihabur and Titon, who were returning home from the field, rushed to the spot and found that the rail tracks had severely been damaged.Another train was soon approaching the rail gate and the brave kids started waving their scarfs over their heads.”I did not take them seriously at first,” said KM Mohiuddin, the locomaster. “I was getting very close, but they did not look like stepping aside. So, I had to stop in the end.Mohiuddin’s goods train was transporting oil from Khulna to Rajshahi.Station master Nayan was immediately informed and he had a few workers repair the rail tracks soon.State minister for foreign affairs Shahriar Alam, who is the local MP, has announced a monthly stipend of Tk 1,000 for both the boys. He has also declared to bear their educational expenses, should they choose to go for higher studies on completion of the higher secondary level.last_img read more

Africans outraged over Trump shithole remarks

first_imgUS president Donald Trump speaks to the media as he meets with Norwegian prime minister Erna Solberg in the Oval Office at the White House in Washington, US, on 10 January 2018. ReutersAfricans reacted angrily Friday after Donald Trump reportedly referred to their nations as “shithole countries”, with many lashing the US president for racism and ignorance.The 55-nation African Union condemned the remarks while the southern African state of Botswana hauled in the US ambassador to complain.The comment “truly flies in the face of accepted behaviour and practice,” said Ebba Kalondo, spokeswoman for AU chief Moussa Faki.“This is even more hurtful given the historical reality of just how many Africans arrived in the United States as slaves, and also terribly surprising as the United States remains a massively positive example as just how migration can give birth to a nation,” Kalondo said.The comments were “clearly” racist, Kalondo said, but stressed the US was “much stronger than the sum total of one man.”Trump made the remarks on Thursday in a meeting with lawmakers on immigration reform, The Washington Post and The New York Times reported. On Friday, Trump tweeted an implicit denial, saying “this was not the language used”.The United Nations slammed Trump’s reported remarks as “shocking and shameful” and “racist”.“You cannot dismiss entire countries and continents as ‘shitholes’ whose entire populations, who are not white, are therefore not welcome,” Rupert Colville, spokesman for the UN human rights office, told reporters in Geneva.Botswana summoned the US ambassador to the country to “clarify if Botswana is regarded as a ‘shithole’ country”, according to a foreign ministry statement which called Trump’s comments “irresponsible, reprehensible and racist”.This is not the first time Trump has rubbed Africans up the wrong way-he was widely derided last year after he twice referred to Namibia as “Nambia”.On social media, users across the continent on Friday posted images of modern skylines and beautiful nature from their countries with the ironic hashtag “shithole.”Many Africans reminded the US of its historic role in the continent’s woes.“President Trump, One day, I’ll take you to a ‘shithole’ country called Ghana,” wrote Ghanaian Edmond Prime Sarpong on Facebook.“First stop would be Osu Castle, Elmina Castle, and the over 40 Forts that detained about 30 million slaves, beaten and shipped out like sardine cans and then I will tell you the history of Africa and why people like you made that a ‘shithole’ continent.”‘Nothing new’Prominent Kenyan commentator Patrick Gathara, told AFP that Trump’s words were nothing new from a “racist and ignorant” administration, nor from the West at large.“This is no different from what Hollywood and Western media have been saying about Africa for decades. We have consistently been portrayed as shitty people from shitty countries.”Some acknowledged problems in their countries, but blamed this on their poor leaders as well as western nations such as the US.“Please don’t confuse the #shithole leaders we Africans elect with our beautiful continent… Our motherland is the most blessed continent that has been raped by imperialists in collaboration with our shitty misleaders for generations,” wrote Kenyan activist Boniface Mwangi on Twitter.In South Africa, the ruling party declared “ours is not a shithole country” and described Trump as “extremely offensive”.“It is not as if the United States doesn’t have difficulties. There are millions of unemployed people in the US, millions of people who don’t have health care services or access to education and we would not deign to make comments as derogatory as that,” said Jessie Duarte, the deputy secretary general of the African National Congress (ANC).‘It’s our shithole’Nigerians however did not hold back, with many on Twitter saying their country was a “shithole”, but that it was “our shithole” to criticise.Even war-torn South Sudan weighed in, with president Salva Kiir’s spokesman Ateny Wek Ateny slamming the comments as “outrageous”.However Juba businesswoman Jenny Jore, 31, told AFP that Trump’s remarks were “on point”.“It is thanks to our African leaders that we are insulted that way,” she said.Trump’s latest comments also provided ample fodder for talkshow hosts.South African comedian Trevor Noah, star of “The Daily Show”, described himself as an offended citizen of “South Shithole” and also called Trump out for racism, especially for saying he preferred immigrants from Norway.“He didn’t just name a white country, he named the whitest-so white they wear moon-screen,” he said.last_img read more

AL anxious with managing strategy BNP pins hopes with freshers

first_imgElection campaign of Awami League and BNP candidates. Photo: Prothom AloRuling Awami League and main opposition Bangladesh Nationalist Party (BNP) began electioneering, with a challenge of how to address party fueds in many constituencies before the 30 December ballot.The AL camp has kept more candidates, especially from major ally Jatiya Party to manoeuvre electoral games in critical constituencies while the BNP is struggling with internal criticism over fielding candidates apart from facing ‘fictitious’ cases. Despite enthusiasm about the elections after securing party symbol sheaf of paddy, the BNP candidates were allegedly facing obstructions in different parts of the country, including the latest case of attack on the motorcade of BNP secretary general Mirza Fakhrul Islam Alamgir.Seeing the opposition in ‘disarray’, the AL camp has allowed Ershad’s Jatiya Party to continue with many candidates outside the alliance and in cases its leaders as rebel candidates. They all are contesting with either JaPa polls symbol plough or as independent candidates.This, ruling party leaders believe, is part of the AL’s strategy to use them if needed and possible or persuade them to pull out of race at the last minute if they threaten the prospects of the AL candidates contesting with boat symbol.However, there are apprehensions among the leaders that such strategy may fail and in that case the party would have to pay a high price.Meanwhile, there is anger and dissatisfaction among many BNP leaders about seat-sharing with allies and choice of the party’s own candidates.The AL still believes the opposition parties including the BNP may eventually boycott the elections on the plea of absence of level-playing field.So, the ruling party gave JaPa the go-ahead to keep its candidates in various constituencies so that the party can emerge as the official opposition party should the BNP alliance pull out of the race.The AL encouraged the religion-based parties to contest with their own party symbols, so that they are not tilted to the opposition camp.The AL camp further wants to exploit the presence of more candidares by appointing more agents in its favour. The AL, if required, wil provide its own leaders and activists as polling agents for JaPa candidates.However, the leaders think the party should take action against any candidate within the coalition, who poses threat to its candidate or the one of the grand alliance.Several leaders of the 14-party alliance and JaPa admitted that many of the parties in the alliance gave nomination to party leaders only to keep them happy.There were also allegations of ‘nomination trade’ against the JaPa leadership and many JaPa leaders were given nomination on that consideration. The JaPa has fielded candidates in 148 constituencies, going outside the AL fold.The AL has endorsed 29 JaPa candidates as those of its alliance. However, the list of candidates of the grand alliance suggests the JaPa has got only 26 seats for contesting the polls.The AL has dearth of confidence in HM Ershad. The AL policymakers believe that JaPa may create trouble in some constituencies and that is why efforts will be made to tame the stronger candidates of JaPa.JaPa candidates in at least 20 constituencies in the northern region and in more 15-20 constituencies throughout the country, have the capacity to challenge the AL candidates, said a senior leader.“HM Ershad can do anything, since he is completely unpredictable,” the leader added.The opposition BNP, however, has raised its hopes by fielding young and new candidates despite some criticism about the policy, party leaders said.New faces constitute one-third of 242 candidates the BNP has fielded in, out of 300 constituencies. The party has shared 58 seats with the 20-party alliance and Jatiya Oikya Front partners for the contest.Critics within the party claimed that the BNP has nominated some controversial and weak candidates in some constituencies. They cited the example of nominating Chattogram city leader Abu Sufian in Chittagong-8 dumping former foreign minister and vice chairman of the party M Morshed Khan.There are 89 candidates who never contested the national polls before. Some of these candidates are wives and family members of the BNP leaders who could not participate in the polls for various reasons.Several senior leaders of BNP said dissent over nomination is natural. This time around, the party has issued a special directive to its dedicated leaders at the grassroots to welcome the new faces.BNP standing committee member Amir Khosru Mahmud Chowdhury said the BNP had to make some unavoidable compromise to accomodate the demands of the 20-party alliance and Oikya Front.“The BNP has nominated more young leaders, women and dedicated leaders from the grassroots this time. I think the nomination has been very good. There are many eligible faces along with the senior leaders,” he added.last_img read more

Seismic air guns found to harm balance organ in rock lobsters

first_img © 2019 Science X Network Prior research has shown that human-created noise can have unexpected impacts on creatures that live in the sea—sonar used by submarines, for example, has come under fire for disorienting whales. In this new effort, the researchers have found that seismic air guns used by survey teams looking for oil or gas deposits can result in damage to the balance organ in rock lobsters.Seismic air guns are devices that release pressurized blasts of air into ocean water—the blasts are strong enough to penetrate the ocean floor, where they propagate as seismic waves. Exploratory teams pull a host of such devices behind a boat, setting off numerous blasts as they travel. As they do so, technicians aboard the boat monitor sensors that take readings of the impact of the blasts on the seafloor hoping to find oil or gas deposits. The blasts from seismic air guns have been described as the loudest human-made sounds in the ocean.To better understand what impact the seismic air guns might have on rock lobsters, the researchers collected several specimens and brought them into their lab for study. They note that in the water, seismic blasts create low-frequency sound waves. To test the impact of the seismic air guns on the lobsters, the researchers piped low-frequency sound waves into their tanks at the same low frequency as those created by seismic air guns. They then examined the lobsters, looking for possible impacts. They report that they found damage to the statocyst—a small organ made of statoliths. The purpose of the organ is to allow the lobster to keep its balance and to assist with orientation. They further report that due to the damage, the lobsters had difficulty righting themselves if turned over. They also noted that the damage remained for the duration of the study, which was a whole year. Explore further A team of researchers with the University of Tasmania and Curtin University has found that seismic air guns used for oil and gas exploration can damage a sensory organ in rock lobsters called the statocyst, which provides balance and orientation. In their paper published in Proceedings of the Royal Society B, the group describes tests they conducted with lobsters in their lab and what they found. Journal information: Proceedings of the Royal Society B 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.center_img Scientists warn Obama of marine life harm from seismic tests More information: Ryan D. Day et al. Seismic air guns damage rock lobster mechanosensory organs and impair righting reflex, Proceedings of the Royal Society B: Biological Sciences (2019). DOI: 10.1098/rspb.2019.1424 Citation: Seismic air guns found to harm balance organ in rock lobsters (2019, July 24) retrieved 18 August 2019 from https://phys.org/news/2019-07-seismic-air-guns-lobsters.html California spiny lobster (Palinurus interruptus). Picture taken by Magnus Kjærgaard in La Jolla, California. Creative Commons Attribution-Share Alike 2.5 Genericlast_img read more

Blue colour of the soul

first_imgThe Hungarian Information and Cultural Centre has organised an exhibition of spiritual paintings titled Planetary Consciousness by Hungarian artist Jeno Balogh that starts on 23 September.  The exhibition will be inaugurated by Prof. Om Prakash Sharma, artist, Former Principal of Delhi College of Art, New Delhi.Balogh expressed, ‘My paintings depict a world without people, warning that this is going to happen if we continue this way of exploitation to the Earth. I mostly paint with blue colour that is the colour of Planet Earth and also the colour of soul. However, I also use red that is the colour of Mars, a lifeless planet. For me painting is a token of energy, coming from my soul.’ Also Read – ‘Playing Jojo was emotionally exhausting’Jeno Balogh has  been painting for over 40 years now. He was the President of the local Art Association for 23 years and organised several charity exhibitions. He had a number of solo and group exhibitions in Hungary and abroad like Montevideo, Santiago de Chile, Rio de Janeiro, New Delhi. In Athens, he was awarded with a bronze medal at the Cultural Olympics. He is also a member of the International Artists’ Association and the Association of Greek Artists. Also Read – Leslie doing new comedy special with Netflix‘Save our Planet and Planetary Consciousness’ are the mottos that my art work is focused on. We have one planet only where we should live in an environment-conscious way and in peace to protect our Planet Earth. In order to be able to implement this consciousness in our daily life, one should have a mindful soul which, I think, people don’t possess anymore,’ explained Balogh. When: 23 September – 17 October Where: Hungarian Information and Cultural Centre, 1-A Japath Timing: 10 am – 4 pm (weekdays only)last_img read more

Private tutor held for beating up child with hot spatula

first_imgKolkata: Police have arrested a private tutor for allegedly torturing a 5-year-old boy. The incident occurred at Howrah’s Belur.Police said the victim boy, a student of a private English medium school in Belur, used to take private tuition with a local teacher for sometime. On Thursday, the victim, who is an upper KG student, went to the tuition after returning from school. The victim told the police that the teacher asked him certain questions which he had failed to answer. This made the woman teacher angry and she brought a hot cooking spatula from the kitchen and started beating up the boy with the same. Also Read – Rain batters Kolkata, cripples normal lifeThe child has burn marks on his upper arms, knees, fingers, thigh and both palms after the home tutor tried to harm the child the with hot spatula.There are some injuries on his body as well.Locals staged a demonstration in front of the house of the accused teacher after the matter came to light.The victim was wreathing in pain after being beaten up.The victim fell seriously ill following the incident. The family members later lodged a complaint at the local police station on Thursday night following which the police raided the accused’s house and arrested her in this connection.last_img read more

24 units to come up in Cooch Behar Industrial Growth Centre

first_imgKolkata: With the development of necessary infrastructure in the industrial growth centre in Cooch Behar’s Chakchaka, 24 units producing different types of goods will start functioning within the next few months. It will lead to the generation of around 2,156 jobs.Amit Mitra, the state Commerce and Industry minister, in the Assembly on Tuesday said 24 units will come up in the industrial growth centre on a land of 20.68-acre.He said authorities of the companies, who will set up 21 out of 24 units, have already made the payment that is required to set up the units. Also Read – Rain batters Kolkata, cripples normal lifeThey have also got the plots where the units will come up and it is expected that the units will start functioning in the next eight to ten months.The 21 units will be set up on around a land of 16.51 acre in the industrial growth centre. He further said: “There will be generation of 2,038 jobs in the 21 units.” In the same breath, Mitra said as per the detailed project report, there will be a total investment of Rs 6831.98 lakh. For the 21 out of 24 units, there will be an investment of Rs 5886 lakh. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedIt has also been stated that the authorities of the remaining three units will take the necessary move forward soon to set up their units in the industrial growth centre.It may be mentioned that the industrial park at Chakchaka was set up during the Left Front regime and it was actually developed as a Jute Park. But there was no proper infrastructure. As a result, it failed to attract investment.After the change of guard, the Mamata Banerjee government took initiative and given a major facelift to the Jute Park and developed it as an industrial growth centre where units for production of different products can be set up instead of only jute factories.Mitra said: “Our government has developed infrastructure including 1.85 km long road, 56 street lights, laying of pipeline for a stretch of 1.2 km, overhead water reservoir for supply of safe drinking water, surface drainage system, power sub-station and administrative office in the industrial growth centre and it played a key role in attracting more investment.”last_img read more

Recommended Link

first_imgRecommended Link Recommended Link World-renowned crypto expert: “I’m revealing my cryptocurrency investment secret” For the next few days, the crypto expert who’s been called “The Oracle” of cryptos on the internet and is followed by over 100,000 people across the globe is revealing his proprietary investment strategy. It’s already helped an “average Joe” named Paul turn $500 into just under $140,000… click here to see what it could do for you. • Tesla’s stock plummeted 7% on the news… You can see that big drop in the chart below. Tesla’s now 22% off its recent highs. You might be tempted to buy it now. But that would be a huge mistake…• Tesla isn’t cheap by any stretch of the imagination… It still trades at a price-to-sales (P/S) ratio of 4.8. That makes it more than twice as expensive as the average large-cap U.S. stock. More importantly, it’s 13 times more expensive than competitor General Motors. And it’s 15 times more expensive than Ford, another major U.S. carmaker. There’s absolutely no reason why Tesla should be this expensive. The company has never once booked a profit. Instead, it’s lost about $4.3 billion since it was founded 14 years ago, and that’s despite massive government handouts. As if that weren’t bad enough, Tesla’s bleeding cash. It’s burned through $2.6 billion in cash in just the last two quarters…and more than $10 billion since it was founded in 2003. If this keeps up, Tesla could run out of cash within the next 12 months.• This is a serious problem… But Musk and Co. aren’t actually trying to fix it. Instead, they’re trying to “paper it over.” According to Bloomberg, Tesla has issued new stock eight times in the last seven years. That hurts existing shareholders. But it gets worse. Tesla also borrowed obscene amounts of money just to keep the lights on. Back in August, it issued $1.8 billion in “junk bonds” to finance the production of its Model 3 vehicles. This isn’t just unsustainable. It’s a recipe for disaster. In fact, I wouldn’t be surprised if Tesla’s stock goes down in flames the next time it reports a “hiccup.” So, continue to avoid Tesla like the plague. You may even want to consider shorting (betting against) TSLA. Just understand that shorting is risky. So, make sure you know what you’re doing before you put this trade on.Regards,Justin Spittler New Orleans, LA November 6, 2017 P.S. I recently wrote about a better way to profit from the electric car revolution. You can read about it here. Reader MailbagRecently, we shared an interview with Doug Casey’s longtime friend and colleague Bill Bonner: “Bitcoin—Better Money Than Gold?” Today, readers weigh in… It’s only as good as the government that rules over it! Fools rush in where wise men never go… Remember?—Howard By Justin Spittler, editor, Casey Daily Dispatch“Tesla’s shareholders will be in for a rude awakening… Its share price could soon fall off a cliff.” I issued this warning on October 5. But I’m sure some people thought I was crazy for saying this. That’s because Tesla’s stock was up 66% on the year…and more than 900% since the start of 2013. It was one of the hottest stocks on the planet. But it shouldn’t have been.After all, it’s not like Tesla’s raking in cash. It’s never booked a yearly profit in its history.• Instead, Tesla was rallying because Elon Musk is a “visionary”… Musk is the founder and CEO of Tesla. But unlike most CEOs, Musk doesn’t care about quarterly profits. He only cares about changing the world. He wants everyone to drive electric vehicles (EVs). He wants to put solar panels on every home in the United States. And he wants to colonize Mars. These are wildly ambitious goals. But they make for a great story.• That’s why Tesla has some of the most loyal shareholders on the planet…It’s also why many of its investors ignore problems that would send most people running for their lives. Just consider how Tesla shareholders reacted to awful news last month. Regular readers know where I’m headed with this. On October 2, Tesla announced that it had produced just 260 Model 3s, its first mass-market vehicle, during the third quarter. Musk had promised investors 1,500 vehicles. That’s an 83% shortfall. • Normally, a stock crashes when a company whiffs this bad… But Tesla rallied on the news. Again, that’s because Tesla shareholders don’t care about profits, cash flows, or debt. They only care about Musk’s dreams. But here’s the thing. Dreams don’t last forever. Eventually, you must wake up and face reality. That’s why I urged readers to avoid Tesla on October 5. Tesla will miss its production goal again… Tesla’s shareholders will be disappointed again. And next time, they might not be so forgiving. And that’s exactly what happened…• Last Thursday, Tesla reported its worst quarterly results ever… The electric carmaker lost $619 million last quarter. That’s nearly double the $336 million loss it suffered during the second quarter. That’s a staggering loss. But it looks like things will get even worse for Tesla. After all, the company just laid off about 700 employees. That’s about 2% of its workforce. Tesla’s also struggling to ramp up production of its Model 3 vehicle. Last month, Musk said Tesla would produce 5,000 Model 3s per week by the end of the year. But now he’s saying they won’t hit that mark until early 2018, at the earliest. He also scrapped the company’s longtime goal of eventually producing 10,000 Model 3s per week. — In Case You Missed It…Last week, cryptocurrency investing expert Teeka Tiwari hosted the largest webinar in our industry’s history. More than 80,000 fellow readers tuned in to learn how Teeka has found his readers gains as high as 1,626%, 3,274%, and even 21,127% in the cryptocurrency market. If you missed it, Teeka agreed to show a replay of the webinar. Watch it for yourself right here. — Teeka’s new cryptocurrency prediction could make you a fortune by January For the next few days only, crypto expert Teeka Tiwari is revealing his next big cryptocurrency prediction for 2018. Last year’s prediction was spot on… Those who followed his best ideas had the chance to turn a small stake into nearly $200,000. Click here to be among the first to hear his latest. I have one fundamental question—most of the banks are prohibiting sending money from our account to buy cryptocurrencies. Then how to pay for it?—Mukeshlast_img read more

The death of a former major league baseball player

first_imgThe death of a former major league baseball player in his native Venezuela this week is renewing concerns over the Latin American country’s growing health crisis amid ongoing economic and political turmoil.Marcos Carvajal, a 34-year-old former pitcher for the Colorado Rockies and Florida Marlins, died of pneumonia on Tuesday. He fell sick in December, but the antibiotics needed to treat the illness were hard to find. Drugs for Carvajal eventually were sent from abroad but he relapsed, returned to the hospital on Monday and died the next day. The Pharmaceutical Federation of Venezuela estimates the country is suffering from an 85 percent shortage of medicine amid an economic crisis also marked by severe hyperinflation and food scarcity.The entire Venezuelan health care system is on the verge of collapse, says Francisco Valencia, head of the public health advocacy group Codevida. Some hospitals lack electricity, and more than 13,000 doctors have left Venezuela in the past four years in search of better opportunities.”They don’t give food to the patients in the hospital,” Valencia tells Here & Now’s Peter O’Dowd. “They don’t have the proper medical supplies to take care of the people who go to the emergency [room] like gloves, like every basic thing they need for an emergency.”According to the pharmaceutical association, there is also a 90 percent deficit of other medical supplies and drugs used to treat more serious conditions like cancer.The shortage has forced Venezuelans to go looking for medicine on the black market, Valencia says. Even if they find the right medicine, which is often smuggled from Colombia and Brazil and could be expired, most people can’t afford it.The crisis affects Valencia personally, who relies on medication for a kidney transplant.”I haven’t received my medicine since August last year,” he says. “Right now, I’m taking medicines that [have] expired, and my transplant is at risk.”Venezuela’s President Nicolas Maduro has refused to accept humanitarian aid, blocking shipments of medicine and first aid supplies. Government data shows infant mortality rose by 30 percent in 2016 and malaria infections shot up 76 percent, Reuters reports.”So most countries when they’re hit by a crisis, they’re taking aid from other countries, from NGOs,” Associated Press reporter Hannah Dreier told NPR in 2016. “But Venezuela keeps refusing to take donations that other countries are offering and is actually turning back shipments of donations that people have given in places like the U.S., not letting medicine in.”Drug prices have skyrocketed along with those for food and other basic necessities. The International Monetary Fund predicts inflation will soar to 13,000 percent this year and the economy will shrink by 15 percent.Earlier this week, the government announced it would abandon one of its two official foreign exchange rates, which had been used for food and medicine imports, Reuters reports. The policy change could encourage businesses to import more goods, but critics say it won’t be very effective due to the lack of hard currency in Venezuela.The elimination of the exchange rate was “a step in the right direction because it helps correct foreign exchange distortion,” Asdrubal Oliveros of local consultancy Ecoanalitica told Reuters. “But without dollars, things will continue to be more complicated.”Since the collapse of Venezuela’s oil-rich economy in 2014, the country has struggled to raise hard currency. The monthly minimum wage for many Venezuelans is now equal to $3, according to the AP.Maduro blames the country’s growing crisis on foreign economic sanctions, claiming that the U.S. is leading an effort to wipe out socialism in Venezuela, according to Reuters. Presidential elections are set to be held by April 30, which is much earlier than usual, but Venezuela’s pro-government Supreme Court last week banned the main opposition party from running. Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more