Financials give TSX a minor boost loonie down amid flat GDP numbers

first_imgTORONTO – The Toronto stock index posted a minor gain Friday, while the Canadian dollar fell amid the latest GDP numbers released by Statistics Canada.The S&P/TSX composite index advanced 16.69 points to 15,634.94, led mainly by financials.The country’s eight-month march of monthly growth in the economy came to an end in July after Statistics Canada reported that gross domestic product was essentially unchanged at zero per cent growth in July compared with June. The development could head off more rate hikes this year and put downward pressure on the Canadian dollar.The loonie was trading at an average price of 80.13 cents US, down 0.19 of a U.S. cent.“The Canadian dollar softened as this GDP report reduced the odds of a third rate hike by the Bank of Canada this year, especially when you combine it with governor Stephen Poloz’s recent speech which gave more of a cautionary tone to the bank’s approach going forward,” said Todd Mattina, a chief economist at Mackenzie Investments.The Bank of Canada raised rates twice over the summer following the economy’s surprisingly powerful start to the year, but Poloz said during a speech Wednesday that he has no prearranged route for further interest-rate hikes.On the corporate front, shares of Valeant Pharmaceuticals Inc. (TSX:VRX) were up 79 cents, or 4.62 per cent, to $17.88 at the close of markets amid the company’s announcement that it has completed the sale of its iNova Pharmaceuticals business for $930 million in cash.Quebec-based Valeant says it will use net proceeds of about $920 million from the sale to reduce its debt, as it continues to simplify its portfolio and focus on its core businesses. The company’s shares have plunged since questions about its business model first emerged two years ago, when they traded for more than $300 per share.South of the border, U.S. stocks pushed further into record territory on Wall Street.The S&P 500 index edged up 9.30 points to 2,519.36 and the Nasdaq composite index advanced 42.51 points to 6,495.96 — new highs for both indices. Meanwhile, the Dow Jones industrial average added 23.89 points to 22,405.09.In U.S. economic news, a Commerce Department report released Friday showed consumer spending inched up 0.1 per cent in August, and wages and salaries were unchanged. That could be a hint third-quarter economic growth will be weaker.In commodities, the November crude contract was up 11 cents to US$51.67 per barrel while the November natural gas contract lost a penny to US$3.01 per mmBTU.The December gold contract gave back $3.90 to US$1,284.80 an ounce and the December copper contract retreated three cents to US$2.96 a pound.Follow @DaveHTO on Twitter.last_img read more

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Broad decline weighs on Toronto market as trade war worries hit US

first_imgNorth American markets saw broad declines Friday after President Donald Trump proposed more tariffs on Chinese goods.The announcement late Thursday that Trump was considering duties on an additional $100 billion in goods imported from China marked a shift in tone from U.S. officials earlier in the week that the U.S. was looking to negotiate a resolution to the trade dispute.The latest potential tariffs come on top of the tariffs the U.S. has proposed on US$50 billion worth Chinese goods, which China promised to match earlier this week, and an earlier back-and-forth after the U.S. imposed tariffs on steel and aluminum.The day-to-day shifts in trade sentiments are now dictating markets more than the underlying health of the economy, said Jamie Robertson, senior portfolio manager at Manulife Asset Management.“Rhetoric is supplanting fundamentals at this particular point. The economic data both in the U.S. and Canada continues to show the economies are doing well…but clearly the market’s completely preoccupied with the spectre of a trade war between the U.S. and China.”“You flip and flop around when you get into these periods of volatility we’re into now,” he said.The S&P/TSX composite index closed down 148.64 points at 15,207.41, to leave the index down 1.04 per cent for the week.U.S. indexes saw declines of more than two per cent on Friday as trade concerns hit the U.S. more than other markets, said Robertson.The Dow Jones industrial average was down 572.46 points at 23,932.76. The S&P 500 index was down 58.37 points at 2,604.47 and the Nasdaq composite index was down 161.44 points at 6,915.11.Despite the market retreat, Robertson said he still believes the tariff threats are more of a negotiation tactic.“I think the market believes there may be some fire to this smoke, but I think it’s still negotiating tactics at this particular point. We saw this with NAFTA and we’re clearly going to see it with China as well.”The Canadian dollar averaged 78.35 cents US, up 0.08 of a US cent as Statistics Canada said the unemployment rate stayed at 5.8 per cent for a second consecutive month to match its lowest level since the agency started measuring the indicator in 1976.The dollar climbed despite a drop in oil prices that saw the May crude contract end down $1.48 at US$62.06 per barrel, though it was still well within its recent range, said Robertson.“Oil at this particular point is pretty well contained sort of between US$58 and US$68 and when you get in some of these situations where you get concerns for risk assets, I think that oil should move to the lower end of that range.”The May natural gas contract was up three cents at US$2.70 per mmBTU.The June gold contract was up US$7.60 at US$1,336.10 an ounce and the May copper contract was down one cent at US$3.06 a pound.last_img read more

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Chinas music streaming leader Tencent to go public in US

first_imgSAN FRANCISCO – The owner of China’s largest music streaming services is looking to strike it rich in the U.S. stock market.Tencent Music Entertainment plans to sell its stock in the U.S. as part of an initial public offering. The IPO documents filed Tuesday propose raising $1 billion, but that preliminary figure often ends up being substantially higher.Investor demand is likely to be high, given the rising popularity of music streaming and Tencent’s success so far.Tencent says its services have more than 800 million users, including 23.3 million subscribers who pay to listen to its music library.It’s also profitable, having earned $199 million on revenue of $1.66 billion last year.Tencent’s major shareholders include the leading music streaming service Spotify, which went public earlier this year.last_img read more

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ICBC launches telematics pilot for new drivers

first_imgVANCOUVER, B.C. – ICBC is launching into telematics research with a new pilot, this time inviting as many as 7,000 drivers with less than five years of experience to see how telematics technology can improve their driving and make B.C. roads safer.ICBC says its rates are under considerable pressure in part from a significant increase in crashes.According to the Provincial Insurance Company, new drivers are 5.6 times more at risk of getting into a crash and for that crash to be severe than those with 20 years of driving experience. “Starting September 2019, inexperienced drivers will be paying more to better reflect this risk as part of the recent changes to rate fairness. This pilot is an opportunity to assess if telematics can measurably improve driver behaviour and help offset that impact in the future by decreasing the demographic’s risk of being in a crash.”ICBC says results from the first telematics pilot earlier this year that focused on the technology’s usability found that over 40 percent of participants saw improvements in their driving by using the technology, and nearly three-quarters recommended that ICBC explore its use further, particularly for inexperienced drivers.In early 2019, ICBC will confirm a vendor that will provide the technology for the pilot through a Negotiated Request for Proposal process, and participant sign-up will begin in the spring. The pilot will launch in the summer with incentives for drivers while collecting driver feedback and driving behaviour data for one year.ICBC is looking for participants in the Novice Stage of the Graduated Licensing Program or with less than five years of experience as a fully licensed driver from across B.C.If you are interested in participating in this pilot program, you can visit icbc.com/driverpilotlast_img read more

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Cross Canada corridor concept getting dusted off ahead of election

first_img“Those regulations are definitely there for a reason, but we were trying to come up with a better model,” he said.Dedicated infrastructure corridors have had success in other jurisdictions, including Europe and Australia, Fellows said.Pipelines are very good at generating economic benefits at both ends of the line, and not so much in the middle _ but roads, rail, electricity and telecom can help people all along the route, Fellows said.“You might not make everyone 100-per-cent happy, but the goal is to try to make everyone a little bit happier than they are now,” said Fellows, who co-wrote the paper with Andrei Sulzenko. OTTAWA, O.N. – The notion of a pan-Canadian corridor dedicated to rail, power lines and pipelines has been around for at least half a century but it looks like it’s about to get a big publicity boost.Last week, Conservative Leader Andrew Scheer used a major pre-election policy speech to dust off a similar idea. Scheer promised, if he wins October’s election, that he would to work towards establishing a cross-country “energy corridor.”He said planning for the route would be done up front, in consultation with provinces and Indigenous communities. A right-of-way would make it easier to lower environmental assessment costs, improve certainty for investors and increase the chances more projects will be built, Scheer said. Interest in a coast-to-coast corridor has picked up in recent years. Energy infrastructure proposals have failed to secure approval due to tough regulatory processes and community concerns over environmental impacts.For instance, the shortage of pipeline capacity out of oil-rich Alberta has created a bottleneck that’s harmed both the provincial and national economies. Sellers have had to sell at deep discounts because there simply isn’t the transportation capacity to get oil to willing buyers.In the last few years, a few academics and senators have recommended the federal government give the corridor concept a serious look, even though making it happen would be a big, multi-jurisdictional undertaking.Scheer’s pitch appears to have drawn inspiration from a 2016 University of Calgary paper that offered possible solutions through a northern corridor for transportation and infrastructure.G. Kent Fellows, who co-authored the report, said the right-of-way could be used for roads, rail, pipelines, electricity transmission lines and telecommunications. The study’s proposed 7,000-kilometre corridor would also serve communities well north of the existing east-west routes that run closer to the U.S. border. In concept, a main line and offshoots would connect ports in northern British Columbia and the Northwest Territories to Churchill, Man., eastern Quebec and Labrador.The hurdles of consultations and regulatory oversight for new projects are significant, Fellows said.center_img The creation of a corridor could take decades, or even half a century, and a “back of the envelope” calculation estimates it could cost something like $100 billion, Fellows said.The study caught the attention of a Senate committee, which took a closer look at the concept in 2016 and 2017.In a 2017 report of its own, the committee called the corridor idea a “visionary, future-oriented infrastructure initiative” that would create significant economic opportunities for Canada and help develop northern regions.“Because an initiative of this scale and scope would likely take decades to complete, the federal government _ on a priority basis _ should ensure that a feasibility study on the proposed northern corridor is undertaken,” said the committee report.Senators recommended the government dedicate up to $5 million to the University of Calgary to support further research into the corridor.The committee report noted how a 1971 report by Richard Rohmer _ an air-force veteran of D-Day who became a prominent land-use lawyer with the ear of governor general Roland Michener _ proposed the development of a “mid-Canada” corridor, recommending federal, provincial and territorial governments make it an urgent priority. Rohmer imagined a massive transportation network for goods and people could turn communities such as Flin Flon, Whitehorse and High Level into major new urban centres.The report was presented then-prime minister Pierre Trudeau but the committee said his government never moved forward on the idea.Christopher Ragan, a McGill University professor, said he recalls the University of Calgary corridor study and he thinks it’s “quite a striking idea” that makes a lot of sense.Ragan, who served on federal Finance Minister Bill Morneau’s economic advisory panel, said he’s glad Scheer has taken up the concept of a corridor and bringing it to the public’s attention as a serious idea.On climate change, Ragan said the country will want to find ways to get through tough approval processes to run more east-west energy grids. For example, he said clean electricity could move from British Columbia, Quebec and Manitoba into Alberta, Saskatchewan and parts of Ontario to help displace fossil-fuel generation.Ragan is also head of the Ecofiscal Commission, a group of academics focused on economic and environmental solutions.“I don’t frankly care whether it’s an old idea or a new idea _ but it is a new idea in terms of a real-world, policy practical discussion … It’s good that you actually have politicians starting to talk about this.”last_img read more

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NZ allows intrusive spy ops after mosque attack

first_imgWellington: New Zealand’s intelligence minister said Wednesday he was allowing spy agencies to carry out “intrusive” activities following the Christchurch mosque shootings that claimed 50 lives. The government this week ordered a judicial inquiry into whether the South Pacific nation’s intelligence services could have prevented the March 15 attack amid criticism the white supremacist gunman went unnoticed as they were too focused on Muslim extremists. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USAndrew Little — the minister responsible for the GCSB and SIS intelligence services — said he had signed powerful surveillance warrants as information gathering continued in the wake of the attack. “I have given authority to the agencies to do intrusive activities under warrant, the number of those (warrants) I’m not at liberty to disclose,” he told Radio New Zealand. Little said intelligence services typically monitored 30-40 people but that number had now increased, although he was unwilling to reveal by how much. Also Read – Record number of 35 candidates in fray for SL Presidential pollsHe said a warrant permitted anything from physical surveillance to the monitoring of telecommunications activity. “The whole gambit of what would otherwise be described as intrusive activity,” he told the New Zealand Herald. “The purpose of a warrant is to authorise and effectively make lawful what would otherwise be unlawful activity.” Little denied New Zealand had proved a “soft target” for the accused gunman, an Australian with apparent links to right-wing groups who reportedly moved to the country with the intention of carrying out an attack. Little said he maintained confidence in the intelligence services and until the inquiry into their actions was complete it was “premature” to say they had failed. “Until there’s a very microscopic look at what the agencies have been doing and whether they’ve missed anything, I can’t say for certain,” he told RNZ. “It’s important for me, the agencies, but ultimately for public confidence that we let that commission of inquiry do its job and reach its conclusions.” Meanwhile, police remained tight-lipped about two raids conducted by armed officers in Christchurch overnight. The raids took place at opposite ends of the city centre, the first at 8:00 pm (0700 GMT) Tuesday and the second around 1:00 am Wednesday.last_img read more

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TMC registers complaint against Arjun

first_imgKolkata: Trinamool Congress leaders from North 24-Parganas have registered a complaint with the District Election Officer (DEO) against Arjun Singh, who is contesting the forthcoming Lok Sabha elections from the Barrackpore constituency on BJP’s ticket.A separate complaint was also lodged at the Titagarh police station in this regard. The district Trinamool Congress leaders have alleged that Singh had called up a Trinamool Congress leader in Barrackpore and threatened him with dire consequences. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThey also termed the incident as a desperation move after Singh was removed from the post of chairman of Bhatpara Municipality through secret ballot on Monday. The district TMC leaders are also of the view that Singh is making threat calls after apprehending defeat in the upcoming elections. It may be mentioned here that Singh has recently joined BJP from Trinamool Congress. After he joined BJP, the Trinamool Congress leaders decided to issue a no-confidence motion in the 34-member Bhatpara Municipality in North 24-Parganas. The no-confidence motion was passed against Singh through a secret ballot, where he lost 21-11. The DEO of North 24-Parganas, who also happens to be the District Magistrate, will carry out a probe into the alleged threat call and may submit a report to the office of the Chief Electoral Officer (CEO) in the state. The CEO’s office had also sought a report from the DEO on Monday, after a BJP party office was allegedly ransacked in Bhatpara.last_img read more

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Teenager commits suicide in Muzaffarnagar

first_imgMuzaffarnagar: A 16-year-old boy has committed suicide by consuming poison in Amit Vihar locality here, police said Saturday. According to Station House Officer Santosh Kumar Singh, the youth took the extreme step Friday when his parents were not in the house. The exact cause behind the suicide was not none as yet and further investigations were on, the SHO said. The body has been sent for post mortem, he added.last_img

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Morocco ranks 78th in list of best countries for business

first_imgRabat- American Magazine published its list of the best countries for business in 2013. According to the list, which was published last December, Morocco ranks 78th worldwide for doing business. Morocco ranks second country in the North Africa behind Tunisia, which ranked 77. In the Arab world, Morocco is ranked 9th after the United Arab Emirates (30th), Qatar (40th), Saudi Arabia (56), Oman (58), Bahrain (59), Jordan (65), Kuwait (76) and Tunisia (77). Algeria ranked 131, while Libya ranked 136.Ireland tops the list of best countries for business followed by New Zealand, Hong Kong, Denmark, Sweden, Finland, Singapore, Canada, Norway and the Netherlands. The American famous magazine based its assessment on data made public by a number of think tanks and international organizations, such as the Freedom House, the Heritage Foundation, the Property Rights Alliance, Transparency International, the World Bank and the World Economic Forum.© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributedlast_img read more

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ShareTweet

first_imgShareTweet “However, it is the British government who are causing the delay by insisting on the continued cover-up of British state murder and collusion through the use of a bogus ‘national security’ veto on disclosure.“The British government must honour the commitments from the Stormont House Agreement and offer maximum disclosure to victims and families.“If the British government was serious about meeting its commitments on legacy then as a first step it should immediately release the funding requested by the Lord Chief Justice for scores of inquests into conflict related killings,” added the Foyle MLA.BRITISH GOVERNMENT MUST END VETO ON INFORMATION FOR VICTIMS AND FAMILIES – MCCARTNEY was last modified: September 13th, 2016 by John2John2 Tags: SINN Féin Foyle  MLA Raymond McCartney  has called on the British government to remove its veto on disclosing information to families who lost loved ones in the conflict as the way to progress.His call follows comments by Secretary of State James Brokenshire on legacy at the 2016 British Irish Association Conference at Oxford University.Raymond McCartney said: “Victims of the conflict and their families have a right to the truth about the past.“In his speech the British Secretary of State said families were frustrated that the current structures are not working.center_img BRITISH GOVERNMENT MUST END VETO ON INFORMATION FOR VICTIMS AND FAMILIES – MCCARTNEYBRITISH IRISH ASSOCIATION CONFERENCEJAMES BROKENSHIREOXFORD UNIVERSITYRAYMOND MCCARTNEY MLASECRETARY OF STATENSinn Feinlast_img read more

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It was just another slice off all four precious me

first_imgIt was just another slice off all four precious metal salamis yesterday The gold price got sold down back below $1,200 the ounce in two smallish bouts of selling during the Thursday trading session in the Far East, with the Hong Kong low coming shortly before 2 p.m. local time.  The subsequent rally back above $1,200 spot got capped at the 8:20 a.m. EDT COMEX open—and by the London p.m. gold fix, the price was back in the box.  After that, the price didn’t do much, although the low tick came at a spike down about twenty minutes before the COMEX close. The high and low were reported by the CME Group as $1,203.30 and $1,192.40 in the June contract. Gold closed in New York yesterday afternoon at $1,193.50 spot, down another $8.70—as JPMorgan et al continue to slice the salami to the downside.  Net volume was on the lighter side once again at 110,000 contracts, the same as Wednesday’s volume. The chart pattern for silver was more or less the same as the gold chart, expect the spike low came about 10:20 a.m. EDT.  The silver price didn’t do much for the remainder of the day. The high and low were reported as $16.51 and $16.105 in the May contract. Silver finished the Thursday session at $16.15 spot, down another 36 cents.  Net volume was 31,000 contracts, a few thousand contracts less than Wednesday’s volume. The dollar index closed late on Wednesday afternoon in New York at 98.06—and had almost a 40 basis point up/down rally that ended around unchanged at 8 a.m. EDT.  Then away it went to the upside, before topping out at roughly 99.17 sometime around 3 p.m.  After that it slid a bit into the close, which was recorded as 98.98 by the folks over at ino.com.  The index finished the Thursday session up 92 basis points, but was up over 100 basis points at its high. The platinum price chart looked like a carbon copy of the the other two precious metals—and it was closed on Thursday at $1,154 spot, down another 11 dollars. And as I write this paragraph, the London open is twenty minutes away.  The gold price, which had rallied a few dollars in Far East trading, is now back to unchanged—and silver is currently up a dime.  Platinum is up 7 dollars—and palladium is basically unchanged. Net gold volume is a bit under 12,000 contracts—and silver’s net volume is just under 4,400 contracts.  The dollar index, which had been quietly trending lower during Friday trading in the Far East, popped into positive territory and back above 99.00—and is now up a magnificent 5 basis points. Today we get the latest Commitment of Traders Report, along with the April Bank Participation Report—and I’ll be more than interested in what they have to show.  It will also give Ted Butler the opportunity to recalibrate JPMorgan’s short-side corner in the COMEX silver market—and I’ll have all of that for you in tomorrow’s column. I was just rereading Ted’s quote above—and I must admit that it is discouraging to know that the precious metal mining companies have become silent co-conspirators in the precious metal price management scheme. And as I’ve said countless time in the past, they have totally abrogated their fiduciary responsibilities to their respective shareholders—and no appeal, no matter how reasoned, will make them budge.  Not only don’t they want to talk about it, almost all of their respective I.R. people actually try to blow you off the moment you broach the subject with them. Some of them have admitted to me in private that they’re fully aware of what’s happening, but will deny everything if they have to discuss it in the public domain. How did it come to this? If you haven’t tried your luck, phone the Investor Relations department of any silver company you own stock in—and see what happens when you start asking questions about this issue.  Most companies have a 1-800 number, so the call is free. And as I send today’s effort off into cyberspace at 5:20 a.m. EDT, I note that after trading basically sideways through all of Far East trading—and the first hour in London—all four metals popped a bit higher starting at 9:00 a.m. British Summer Time [BST]. At the moment, gold is up eight bucks—and back above $1,200 spot.  Silver is up just under 30 cents, platinum is up 13 dollars—and palladium is up half that amount.  The dollar index is now up 40 basis points. Not surprisingly, volumes have blow out as well, with gold’s net volume now north of 36,000 contracts—and silver’s net volume around the 9,600 contract mark.  It’s obvious that JPMorgan et al are going short or selling longs aggressively into this rally—and if they keep it up, these rallies won’t last long. But as I said further up, there’s always the possibility of a countertrend rally because the current COT structure isn’t all that bad in either silver or gold at the moment.  But I also said that how high these rallies go—and how fast they get there—will be entire dependent on what “da boyz” do as these rallies unfold.  And using current volume levels as a precursor, they’re already doomed. However, since today is Friday, nothing will surprise me as far as price action is concerned—and I await the 8:20 a.m. COMEX open with great interest. Enjoy your weekend, or what’s left of it if you live west of the International Date Line—and I’ll see you here tomorrow. Opt Out! Tired of being saddled with higher taxes to help pay for the government’s reckless spending? Make sure you and your savings have diplomatic immunity from a government hell-bent on bankrupting the nation—and everyone in it. Whether it’s opening an offshore bank or brokerage account, owning physical gold in Singapore or Switzerland, or setting up a foreign company to hold your investments, low-cost solutions are within everyone’s reach. You don’t even have to leave your living room to do it. Find out how to take advantage of this strategy before the government outlaws it too (they’re already working on it). The chart pattern for the silver equities was virtually the same, complete with the 1 p.m. EDT sell off.  But the silver stocks never saw positive territory at all on Thursday, even though they came close a time or two—and Nick Laird’s Intraday Silver Sentiment Index closed down 0.47 percent. The CME Daily Delivery Report was a big surprise, as it showed that zero gold and zero silver contracts were posted for delivery within the COMEX-approved depositories on Monday. I made a reporting mistake in yesterday’s Daily Delivery Report.  I said that JPMorgan stopped 97 silver contracts of the 114 issued.  In actual fact it was Canada’s Scotiabank that stopped those 97 contracts, not JPM—and I thank Ted Butler for pointing out the error of my ways. The CME Preliminary Report for the Thursday trading session showed that gold open interest in April continues to decline, as it dropped another 269 contracts—and is now down to 2,462 contracts left open.  Silver’s April o.i. also declined, but only by 15 contracts—and now stands at 170 contracts.  I’m still wondering what the short/issuers in gold are waiting for—and who them might be when they finally do put in an appearance. Much to my surprise, there was a deposit made in GLD yesterday, as an authorized participant added 95,951 troy ounces.  Based on past price action, it may have been deposited to cover an existing short position.  And as of 9:54 p.m. EDT yesterday evening, there were no reported changes in SLV. Since yesterday was Thursday, Joshua Gibbons, the Guru of the SLV Bar List, updated his website with what was going on at the iShares.com Internet site as of the close of business on Wednesday—and here’s what he had to say. “Analysis of the 08 April 2015 bar list, and comparison to the previous week’s list:  2,047,974.7 troy ounces were removed (almost all from Brinks London), no bars were added or had serial number changes.“ “The bars removed were from: Russian State Refineries (0.6M oz), Kazakhmys (0.6M oz), KGHM (0.3M oz), Solar Applied Materials (0.3M oz), and 7 others.“ “As of the time that the bar list was produced, it was overallocated 1,062.9 oz.  All daily changes are reflected on the bar list.“ There was no sales report from the U.S. Mint yesterday. It was another day of very little action in gold at the COMEX-approved depositories on Wednesday, as 4 kilobars were reported received—and 3 kilobars were shipped out. But it was a totally different story in silver once again, as a monstrous 1,883,054 troy ounces were reported received—and an equally monstrous 1,748,030 troy ounces were shipped out the door.  JPMorgan added another 1.28 million troy ounces to their already impressive inventories of that metal.  And as Ted said on the phone yesterday, the activity of the last two days has certainly been associated with the silver deliveries that occurred during the March delivery month—and the promised metal is now on the move.  The link to that action is here—and it’s definitely worth a look. It was another busy in/out day at Brink’s, Inc. in their COMEX-approved warehouse in Hong Kong, as 3,000 kilobars were reported received—and 6,134 kilobars were shipped out.  The link to that activity in troy ounces is here. Nick sent us a couple of new charts last night.  They show India’s gold and silver imports going back to 2008—and they don’t require any further embellishment from me.  Nick pointed out that the bars on the charts for the 2015 calendar year represent January imports only. The golds stocks opened down—and hit their low ticks minutes later, before rallying back to unchanged.  They were a hair into positive territory, but that changed at precisely 1 p.m. EDT when they got sold down for an hour or so, before rallying a bit into the close.  The HUI finished down 0.55 percent, which wasn’t bad considering the price action. Palladium’s price chart was a mini version of the platinum chart, although the rally that began in that metal shortly after 2 p.m. Hong Kong time, it didn’t get its comeuppance from “da boyz” until minutes after 9:00 a.m. EDT.  After that it also traded flat into the close of electronic trading.  It was the only precious metal to close up on the day at $761 spot—a gain of 7 bucks. It was another fairly slow news day yesterday—and the pickings were reasonably slim, but I hope you find a few that interest you. The combination of JPMorgan taking delivery of a large amount of physical silver long after my speculation that it was doing so, plus the ill-timed manipulation charges against Kraft gave me, I believe, the rope of specificity to hang these crooks. And barring any legitimate explanation by either the CFTC, JPMorgan or the CME, all must be considered illegitimate and corrupt. Although I become weary at how blatant and obnoxious the roles all three principal participants in the silver manipulation have become, I think I am made wearier by the lack of involvement by some fellow commentators (certainly not all) and, particularly, by the lack of involvement by mining company management. As many of you have suggested to me, you would think the miners would be all over this. So would I. At the same time I fully concede that the COMEX silver manipulation has grown stronger, I also know the resultant effect on silver mining will come in time. While total primary silver mine production has not declined in accordance with the extremely depressed price, that is due to the long lead times necessary to open and close a silver mine. One thing for certain is that silver exploration has taken it on the chin and we are delaying future mine production and creating gaps in the time and quantity of future mine supplies. One would think that this would be obvious to every mining manager and that they would be responding to the one specific cause of low price – futures contract positioning on the COMEX. I believe an important opportunity has been presented to mine managers by the double standard demonstrated by the CFTC in the Kraft wheat case; but if they don’t petition the agency, the opportunity is lost. – Silver analyst Ted Butler: 08 April 2015 Well, dear reader, it was just another slice off all four precious metal salamis yesterday, as JPMorgan et al do their thing once again.  The only question remaining is; will these slices be thin—and over a long period of time, or will they take a meat cleaver to it—and do it in a couple of large chunks?  I don’t know—and neither does anyone else. But, having said that, the internal COT structure is still pretty bullish in gold—and silver’s COT number are market neutral, so there certainly could be a countertrend rally at some point, but that will only occur if “da boyz” allow it.  And how those rallies might go is entirely up to them as well. Here are the charts for all four precious metals, so you can see the latest slices for yourself.last_img read more

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Louis James will speak at the 2015 SprottStansber

first_imgLouis James will speak at the 2015 Sprott-Stansberry Natural Resource Symposium, to be held at the Fairmont Hotel in Vancouver, BC, from July 28–31. With our own Casey summit not held until October, this will be a great opportunity for readers, investors, and others to come and pick Louis’ brain on the latest in our sector. He always takes time to answer questions from the audience and enjoys meeting readers. Eric Sprott, Rick Rule, Doug Casey, and a host of other top experts in the natural resource sector will be there, of course. Please do join us at the symposium, if you can make it. Click here for all the details. Note: Early-bird pricing saves you $300, but only if you book before May 1.last_img read more

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Growing Pains Mark Karpelès was the CEO of Mt G

first_img Growing Pains Mark Karpelès was the CEO of Mt. Gox, what was once a major bitcoin exchange. He got into the business in 2011 and built it up to become the largest bitcoin exchange in the world. At its height in 2013, it was processing 70% of all bitcoin transactions. And that’s when the troubles began. You see, Mt. Gox had issues with regulators that affected its partnerships and its customers as well. Mt. Gox ended up suspending or freezing many customer accounts. Mt. Gox halted withdrawals on several occasions. But it also repeatedly said that it would resume normal operations in short time. That never happened. And on February 28, 2014, the company filed for bankruptcy and closed its website. While many are familiar with the Mt. Gox story, what most people don’t realize is that Mt. Gox was based in Tokyo. And ever since then, the Japanese have associated bitcoin with Mt. Gox. That’s why it’s so surprising that Japan has become the first country to recognize bitcoin as a legal method of payment. Rewriting Bitcoin’s Future Ironically, it was the Mt. Gox debacle of 2014 that led to the new Japanese payment law today. The event triggered an intense debate between financial authorities and the cryptocurrency industry. And Japan’s Financial System Council got to work drafting new legislation. By December 2015, it was ready for review. The National Diet (the lower and the upper houses of Japan’s legislature) approved the bill in late May 2016. On April 1, 2017, the law went into effect. Justin’s note: Today, we’re handing the Dispatch over to our good friend Greg Wilson, analyst for The Palm Beach Letter. Greg is an expert on cryptocurrencies. Over the past year, he’s helped uncover some of the biggest stories in the sector. Below, he explains why we’re about to see an explosion in bitcoin… By Greg Wilson, analyst, The Palm Beach Letter On August 1, 2015, the Tokyo Metropolitan Police Department arrested Mark Karpelès, the CEO of a major financial exchange. The police accused Karpelès of embezzling $350 million. Believe it or not, this arrest led to the biggest bitcoin breakthrough no one is talking about today. You see, on April 1, a new payments law went into effect in Japan. And what’s significant about the law is that it recognizes bitcoin as a legal method of payment. Let me repeat: Japan now recognizes bitcoin as a legal method of payment. This is huge news. And it’s getting almost no play in the media. Tonight Only: Free Cryptocurrency Q&A and $100 Bitcoin Giveaway Former hedge fund manager Teeka Tiwari has been flooded with questions about cryptocurrencies. As a free service, he’s answering your questions during a live Q&A tonight, and giving everyone who attends the chance to claim $100 of actual Bitcoin. He can’t give personalized investment advice, but he’ll answer any general questions you have. Bookmark this link and join Teeka’s LIVE event tonight at 8pm (ET) sharp. — This weird liquid is Trump’s golden ticket (VIDEO) You see the mysterious red fluid in the image at left? If this new research is correct, it’s going to make Donald Trump the #1 U.S. president of all time… In everyone’s eyes — even Hillary’s. The thing is, the mainstream media hates the fact that this substance could cement Trump’s greatness for the ages… That’s why you’ve never heard anything about it! But take heart — because we’re breaking this shocking story RIGHT HERE. This Is Huge News This is a big event for Japan. And an even bigger event for the world at large. First, it’s going to cause a bitcoin explosion in Japan. Right now, roughly 5,000 merchants accept bitcoin in Japan. Because of this new law, that number is about to explode. You see, AirREGI, the point-of-sale application for the Japanese retail conglomerate Recruit Holdings, will soon add bitcoin payments. AirREGI is used by over 260,000 retail locations. What’s more is that AirREGI is compatible with Chinese e-commerce giant Alibaba’s Alipay. So the millions of Chinese tourists who go to Japan every year will be able to use bitcoin. Bic Camera has added bitcoin payments as well. It’s a huge electronics retailer, like the Best Buy of Japan. And folks are already making purchases with bitcoin. You can check out a customer paying with bitcoin at Bic Camera here. Japan’s largest internet service provider, the GMO Internet Group, is getting in on the game, too. It’s already an investor in Japan’s largest bitcoin exchange, bitFlyer. And now it plans on developing a wallet service to bring bitcoin to all of Japan. And let’s not forget that Japan will be hosting the 2020 Summer Olympics. It’s the type of event that could put bitcoin in the international spotlight. In other words, Japan’s new law is huge. It legitimizes bitcoin in an international way.center_img Recommended Link Recommended Link — Japan is a developed, technologically advanced country. It’s the third-largest economy in the world. And the Japanese yen is the second most liquid market globally. Why is this important? I believe this is the start of a trend that will see bitcoin legitimized around the world. Japan is setting a precedent for the whole world to see. And I expect other countries to follow suit. So what should you do to profit from this trend? You absolutely need to get into bitcoin. Otherwise, you risk being left behind. Think of it this way. If the financial world is the Empire State Building, bitcoin is just a pebble on the sidewalk. But that’s not going to last. We recommend you use the Abra exchange to buy bitcoin. You can watch my free instructional video to learn how to set up your own account. Regards, Greg Wilson Analyst, The Palm Beach Letter P.S. My colleague Teeka Tiwari and I have spent the last year diving deep into the cryptocurrency markets. We’ve uncovered some of the biggest stories in the industry. And we’ve shared huge money-making opportunities with our readers—our recommendations have shot up as much as 199%, 206%, 286%, and even 509% in as little as 13 days. Tonight at 8 p.m. ET, Teeka is doing something he’s never done before… He’s holding a free cryptocurrency question-and-answer session where you’ll learn everything you need to know about this fast-growing sector. If you’re interested, you can submit your questions and register to watch the Q&A session right here. But you must act soon… Anyone who signs up for his service by midnight will receive $100 in bitcoin.last_img read more

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Marijuana Industry Launches Colorado Campaign on Safe Cannabis Use

first_img Image credit: JeremyNathan | Getty Images Marijuana Industry Launches Colorado Campaign on Safe Cannabis Use The public safety campaign is one more sign the marijuana business is now culturally mainstream. dispensaries.com New public service announcements in Colorado aim to keep people’s attention on using marijuana and marijuana-related products safely and responsibly.The Marijuana Industry Group (MIG), a trade association representing marijuana businesses, is backing the campaign. MIG touts itself as the oldest and largest trade association for legal and licensed cannabis businesses.The campaign seeks to make people aware they need to take precautionary measures when using cannabis to ensure the safety of themselves and others.“By design, this campaign is stark and serious, because public safety is serious. Government agencies shouldn’t be alone in encouraging good decision-making. It’s important that people know that the industry also cares about our communities,” MIG interim executive director Kristi Kelly said in a prepared statement.Related: Cannabis Medicinals Sales Expected to Reach $2 Billion by 2020The messagesThe new announcements focus on responsible use of cannabis at a time when the state is entering its third year of legalized recreational marijuana.The rewards have been numerous. The cannabis industry had created more than 18,000 jobs in the Rocky Mountain State and revitalized the commercial real estate industry.  The latter because marijuana businesses need space to grow and store cannabis and can only do so in designated commercial zones.However, the state also has been watched for negative effects. Studies have been funded by the state to determine the effects of marijuana on driving, among other issues. They government also has made an effort to educate people on responsible marijuana use, particularly with keeping cannabis out of the hands of children.The public services announcements are as follows. The primary focus is on safe driving, keeping cannabis from children and partaking of a safe amount of cannabis.Related: Marijuana Advocates Wait for Trump’s Stance on Legalized CannabisAll include the some form of the phrase “please consume responsibly.”“It’s 4:20 somewhere. Start low. Go slow. Please consume responsibly.” “Lock it up. Keep it from your curious kids. Please consume your cannabis responsibly.”“If you’re gonna dab, take a cab. Please consume responsibly.”“Welcome to Colorado, the world’s first legal cannabis market. Please consume responsibly.”The advertisements will run in “cannabis-specific” print and online publications. Members of the trade association also will run similar messages on their individual social media channels.In addition to the PSA campaign, MIG also has a seat on the Colorado Task Force for Drunk and Impaired Driving. They also work with the state on providing input on government campaigns on making the public aware of safe practices when using cannabis.Related: 10 Cannabis Startups You Need to WatchTo stay up to date on the latest marijuana related news make sure to like dispensaries.com on Facebook. January 17, 2017 Next Article Guest Writer Add to Queue –shares Cannabis Green Entrepreneur Podcast Listen Now Opinions expressed by Entrepreneur contributors are their own. 3 min read Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush. Easy Search. Quality Finds. Your partner and digital portal for the cannabis community.last_img read more

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Survey Americans dont understand impact of excess weight on heart and overall

first_imgAccording to the CDC, nearly 40 percent of Americans, 93 million people, are obese, and even more are overweight.For more information and complete survey results, go to: clevelandclinic.org/loveyourheartMethodologyCleveland Clinic’s survey of the general population gathered insights into Americans’ perceptions of heart health and weight. This was an online survey conducted among a national probability sample consisting of 1,002 adults 18 years of age and older, living in the continental United States. The total sample data is nationally representative based on age, gender, ethnicity and educational attainment census data. The online survey was conducted by Research Now and completed between September 20 and September 28, 2018. The margin of error for the total sample at the 95% confidence level is +/- 3.1 percentage points. Source:https://my.clevelandclinic.org/ Reviewed by James Ives, M.Psych. (Editor)Jan 31 2019A Cleveland Clinic survey finds that while most Americans (88 percent) understand that there is a connection between a healthy heart and a healthy weight, most aren’t doing enough – or anything – to combat their own weight issues. The survey found 74 percent are concerned about their weight and 65 percent are worried about getting heart disease due to extra pounds, yet less than half (43 percent) of Americans have tried to make dietary changes to lose weight and 40 percent of those who describe themselves as overweight or obese say they aren’t careful about which foods they eat.Part of the problem may be that Americans aren’t sure what to eat for heart health. Nearly one-in-five (18 percent) believe their diet has nothing to do with their heart health, and a mere 14 percent knew that a Mediterranean diet is healthiest for heart health. What’s more, nearly half of Americans (46 percent) believe using artificial sweeteners is a healthy way to lose weight despite studies showing they don’t promote weight loss.The survey also revealed Americans don’t fully understand the impact excess weight has on their heart and overall health. The overwhelming majority of Americans (87 percent) fail to link obesity to cancer or atrial fibrillation (80 percent). More than half of Americans also don’t know that obesity is linked to high “bad” cholesterol levels (54 percent) or coronary artery disease (57 percent) and two-thirds (64 percent) don’t know it can lead to a stroke.”Most Americans understand abstractly that being overweight or obese is not good for your health, but it seems we are not grasping that the leading causes of death and disability – stroke, cancer, coronary artery disease – are all adversely affected by increased weight,” said Steven Nissen, M.D., chairman of Cardiovascular Medicine at Cleveland Clinic. “We need to do a better job of educating patients and the public about the major consequences of carrying excess weight and the benefits of losing weight. A patient only needs to lose five percent of their body weight to start seeing important health benefits.”Eighty-four percent of Americans say they have tried at least one weight-loss method in the past. About one-third (30 percent) say they typically stick with it between one week and one month. Americans cite dislike of exercise (24 percent) and lack of time (22 percent) as their main barriers to maintaining a healthy weight. Most Americans also believe their metabolism is detrimental to weight loss – 60 percent of women and 46 percent of men say their metabolism is working against them.”Americans may be correct that their metabolism is thwarting their weight loss efforts,” said Dr. Nissen. “Once you’ve been overweight, your body tries to hold on to that excess fat, making it more difficult to lose weight. It’s best to work with your physician to develop a steady long term weight loss plan that will help you keep off the pounds. Quick weight loss programs are not effective.”Related StoriesSmoking triples the risk of death from cardiovascular diseaseImplanted device uses microcurrent to exercise heart muscle in cardiomyopathy patientsWeightlifting is better for the heart than cardioHeart disease is the No. 1 cause of death in the United States and around the world. The survey was conducted as part of Cleveland Clinic’s “Love your Heart” consumer education campaign in celebration of American Heart Month. Cleveland Clinic has been ranked the No. 1 hospital in the country for cardiology and cardiac surgery for 24 years in a row by US News & World Report.Additional survey findings include:center_img All fat is not created equal: When it comes to body shapes, almost half (45%) falsely believe that all types of fat put you at equal risk for heart disease; however, numerous studies have shown that fat stored in the abdomen is the most dangerous. Not feeling the pressure: Most Americans say they are concerned about a family member’s weight (62 percent), or them getting heart disease due to their weight (64%). However, for many, outside pressure to lose the weight doesn’t help. Fifty-seven percent say they don’t need others to tell them to lose weight because they already know they should. Baby Boomers (65 percent) are particularly resistant to others weighing in on their weight. Seeking medical advice: While 44 percent of Americans say they are most likely to turn to their physician for nutrition advice, only a quarter (28 percent) have told their doctor they’d like to lose weight. Even less (22 percent) say they’ve discussed heart health in relation to their weight with their doctor.last_img read more

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TAUs new Translational Medical Research Center acquires MILabs VECTor PETSPECTCT

first_imgJul 10 2019Tel Aviv University’s (TAU) new Translational Medical Research Center has acquired a VECTor PET/SPECT/CT to help bridge the gap between academic discoveries and new products that benefit patients. The system will be installed at Sackler Cellular and Molecular Imaging Center (SCMIC), which will serve as the core imaging facility. Related StoriesMILabs installs pre-clinical Adaptive microCT scanner at Jagiellonian University in PolandMILabs’ new Broadband Photon Tomography selected for Innovation of the Year awardMILabs launches new E-Class line of tomographic imaging productsThe head of the center is Tel Aviv University Cancer Biology Research Center chairperson Prof. Dan Peer. Prof. Peer explains that the center’s goal is to strengthen the Israeli drug industry by accelerating bench discoveries into the clinic.  “Due to the high resolution of its multiple modalities, MILabsVECTor is expected to be great tool since its visual acuity for imaging animals is similar to the one achievable in the clinic with human patients”Prof. IlanTsarfaty, Director of Sackler Cellular and Molecular Imaging Center (SCMIC) adds: According to Prof. Beekman, CEO/CSO MILabs B.V., Source:MILabscenter_img While the visual acuity of our PET/SPECT and CT modalities are indeed outstanding, we believe that the one-to-one translation of PET and SPECT results by simultaneous imaging of co-injected tracers will significantly contribute to a quick translation of in vivo research results to clinical trials” We are excited about the addition of this innovative multimodal in vivo translational imaging system to our core imaging facility.”last_img read more

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UCR biomedical professor to investigate how bodys cannabislike molecules influence obesity

first_imgOur work, which will be done on a mouse model, will support the discovery and development of novel therapeutic strategies to safely treat obesity and related metabolic disorders. Currently, a critical barrier to effective treatment of obesity is a lack of reliable therapeutic options.”Nicholas DiPatrizio, assistant professor of biomedical sciences, UCR Reviewed by Alina Shrourou, B.Sc. (Editor)Jul 11 2019More than two-thirds of adults in the United States are overweight or obese. Eating foods containing high levels of fats and sugars — the “Western diet” — can lead to obesity and significantly reduce life expectancy.Nicholas DiPatrizio, an assistant professor of biomedical sciences in the School of Medicine at the University of California, Riverside, has received a five-year grant of more than $1.7 million from the National Institute of Diabetes and Digestive and Kidney Diseases of the National Institutes of Health, or NIH, to identify novel gut-brain endocannabinoid signaling pathways that control feeding behavior and become impaired in obesity. Related StoriesNew anti-obesity drug trial set to launch at Alberta Diabetes InstituteUranium toxicity might have caused obesity and diabetes in Kuwait, finds new studyResearchers find link between maternal obesity and childhood cancer in offspringEndocannabinoids are cannabis-like molecules made naturally by the body to regulate a wide variety of physiological processes. As with cannabis, endocannabinoids can enhance feeding behavior. The endocannabinoid system in mice is extremely similar to the one in humans.Recent studies on mice from the DiPatrizio lab have shown that the endocannabinoid system in the gut plays a critical role in gut-brain signaling — especially where feeling satiated is concerned. The system becomes impaired in diet-induced obesity, resulting in the mice steadily gaining weight and not feeling full even after consuming a large amount of food.”We think the endocannabinoid system gets remodeled after exposure to high-energy nutrients and contributes to overeating in diet-induced obesity,” DiPatrizio said. “Our preliminary results support this hypothesis.”DiPatrizio explained that food intake and energy balance are controlled by a dynamic interplay of gut-brain signaling pathways; the molecular underpinnings in these processes and their impairment in obesity, however, remain poorly understood.”What are the specific components in the Western diet that at the molecular level impact gut-brain endocannabinoid system signaling and diet-induced obesity?” he said. “We will work to identify these components.”DiPatrizio, who recently received UCR’s first cannabis grant, will be joined in the research by doctoral students and staff in his lab. Source:University of California – Riversidelast_img read more

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Handlers Thought This Owl Was Male for 23 Years —Then He Laid

first_imgAn eagle owl named Kaln lived for 23 years at a sanctuary in Gloucester, England. For that whole length of time, its handlers thought it was a male. Then, according to Vincent Jones, founder and trustee of the sanctuary, it laid an egg. The egg wasn’t fertilized, Jones told Live Science, so Kaln won’t get to mother a chick. But still, it was a big surprise to all of Kaln’s handlers. “I think he was just as shocked as we were,” Jones said. [Photos: Salmon-Eating Owls Revealed in Stunning Images]Advertisement Sexing owls is tricky, because males and females outwardly have more or less identical bodies, according to a study published Jan. 24, 2008, in the Journal of Heredity. Unlike mammals and other creatures, there’s no obvious difference even between their genitals. Happy Feet: A Gallery of Pudgy Penguins Plus, Jones said, his sanctuary has no interest in the biological sexes of the birds it takes in. Most of them are rescued from lives as pets or captive working birds, he said. And the sanctuary has no interest in breeding captive owls, only rehabilitating them. “We have 46 birds,” Jones said. “If they have the behavior of a male, we say they’re male. If they have the behavior of a female, we say they’re female.” Typically, according to the National Aviary, Eurasian eagle owl females lay up to six eggs across a month-long period in late winter. [Whooo Knew? 10 Superb Facts About Owls] Kaln never did that though in his 23 years at the sanctuary, Jones said. “He’s always shown signs of being a male,” Jones added. Many of the male birds in the sanctuary “imprint” on their human handlers and treat them as mates, he said. And during breeding season, “Kaln always wants to bonk everything,” he said. Even genetic tests don’t always show a clear distinction between male-sexed owls from female-sexed owls in many species, according to that 2008 paper. Female-sex birds have Z and W chromosomes, while male-sex birds have two Z chromosomes. But those chromosomes can be similar enough that they’re difficult to distinguish. The authors of that paper specifically tried to distinguish the genes of male and female Eurasian eagle owls and failed. The egg hasn’t changed how the sanctuary views Kaln, Jones said. “It’s no different than people. There’s no difference between male and female. We’re all individuals,” he said. “Kaln is an individual. He’s a very special individual. Now we say he’s a tomboy.” The larger concern is that around the same time the bird laid its egg, it began acting “depressed” and displaying some health issues that turned out to be unrelated. Today (June 27), however, Jones said that Kaln has seemed more active and upbeat. “And that’s what really matters isn’t it? The health of the owl,” Jones said. Originally published on Live Science.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoBeach Raider24 Photos Of Shelter Dogs The Moment They Realize They’re Being AdoptedBeach RaiderUndoEditorChoice.comSee What The World’s Largest Dog Looks LikeEditorChoice.comUndoNucificTop Dr. Reveals The 1 Nutrient Your Gut Must HaveNucificUndoFinance101Oprah’s Mansion Costs $90 Million, And This Is What It Looks LikeFinance101Undo Pretty Bird: Images of a Clever Parrotcenter_img Kaln inspects his egg. Credit: The Barn Owl Centre Whooo’s in There? Amazing Images of Owls Penguin Selfie Offers Bird’s Eye ViewCurious Emperor penguins have been captured in Antarctica getting up close and personal on film. The vision was filmed at the Auster Rookery near Australia’s Mawson research stationAustralian Antarctic expeditioner, Eddie Gault, left the camera on the ice when visiting the rookery, and it didn’t take long for the naturally curious birds to seize the opportunity for a selfie.Credit: Eddie Gault/Australian Antarctic DivisionVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Better Bug Sprays?01:33 facebook twitter 发邮件 reddit 链接https://www.livescience.com/65809-male-seeming-owl-lays-egg.html?jwsource=cl已复制直播00:0000:3700:37Your Recommended Playlist01:33Better Bug Sprays?01:08Why Do French Fries Taste So Bad When They’re Cold?04:24Sperm Whale Befriends Underwater Robot00:29Robot Jumps Like a Grasshopper, Rolls Like a Ball02:31Surgical Robotics00:29Video – Giggly Robot关闭 last_img read more

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To get special status for AP Naidu to protest in Delhi

first_imgSHARE Andhra Pradesh Chief Minister N Chandrababu Naidu is planning to protest against the NDA government for ignoring its election promise of granting special status to the State, by going on a day-long hunger strike in New Delhi on Monday. He announced the decision in the State Assembly at Amaravati on Friday, the last day of the Budget session, while replying to the debate on the Vote-on-Account Budget.Accusing the NDA government led by the BJP, in particular Prime Minister Narendra Modi, of going back on the promises made to the AP people in 2014 during the joint election campaign by the Telugu Desam Party and the BJP, Naidu alleged that the Prime Minister simply did not bother about the provisions of the AP Reorganisation Act, 2014, the promise of granting special category status to the State made by former Prime Minister Manmohan Singh in the Rajya Sabha, and his (Prime Minister Modi’s) own promises made to the people in 2014. “The Prime Minister is planning to visit the State later this month. What will he tell the people of Andhra Pradesh at Guntur and Visakhapatnam where he is planning to hold meetings?” the Chief Minister wondered. He also criticised the Rafale deal, demonetisation and the Prime Minister’s speech in the Lok Sabha on Thursday. “Yesterday, the honourable Prime Minister castigated the Congress for its subversive role in the past in toppling State governments right from the Namboodiripad-Government of Kerala in 1959 to the NTR government in the early 1980s. Today, the Karnataka Chief Minister has openly accused the BJP’s State unit of destabilising his government,” Naidu said.It is learnt that Naidu will undertake his protest programme in the Andhra Bhavan in New Delhi from 8 am to 8 pm. SHARE SHARE EMAIL Published on COMMENTcenter_img Andhra Pradesh February 08, 2019 COMMENTSlast_img read more

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