Share14TweetShareEmail14 Shares“Potatoes, Corvallis Farmers Market.” Photo: Wendell.July 24, 2018; Brookings InstitutionGeography may be the source of great inequity in how effective SNAP, the Supplemental Nutrition Assistance Program—better known as “food stamps”—is in its goal of diminishing food insecurity for those living in deep poverty.According to a Brookings Institution article by Hilary Hoynes and James Ziliak, “The price of food varies widely across different locations…. In places with higher food prices, rates of household, adult, and child food insecurity are higher.”In a separate report from the Hamilton Project, entitled Modernizing SNAP Benefits, Ziliak suggests that equalizing SNAP benefits geographically would reduce food insecurity, improve outcomes, and be cost-effective. Understanding how geography impacts this oft-assailed yet highly effective federal program may help to unravel why a change would be beneficial.A family or individual SNAP allotment is based on a formula that hasn’t been updated since 2006. This alone should signal that it’s time to look at how this program calculates its allocations. Here is how it works:A household’s SNAP benefit allotment is a function of the maximum benefit minus a household’s expected contribution toward purchasing food. The Thrifty Food Plan (the TFP) specifies the bundle of foods constituting a nutritious diet that can be purchased at minimal cost; the value of this bundle, which was last updated in 2006, serves as the basis for the value of the maximum SNAP benefit. The maximum benefit is then adjusted by family size. A household without net income receives the maximum benefit. Households with positive income (net of deductions for labor-market earnings, dependent care, housing costs, and other expenses) see their SNAP benefit reduced by 30 cents for every dollar of net income.There is almost no geographic variation in the SNAP benefit formula. Alaska and Hawaii do have a higher maximum benefit, which the Institute of Medicine report on SNAP benefit adequacy speculated was due to their presumed higher food costs. The benefit formula makes these two states the exception, but evidence from the past two decades suggests that there are substantial local differences in food prices across the rest of the United States.Indeed, the data show that not only do food costs differ by region, but that “trends in food prices by markets are quite different over time. For example, in the Mountain West market centered on Utah, SNAP purchasing power increased from 65 to 70 percent in 1999 to 75 to 80 percent in 2010; while SNAP purchasing power in Maine and upper New Hampshire and Vermont decreased from 65 to 70 percent in 1999 to less than 65 percent in 2010.”Of course, where food prices are higher, the ability of an adjusted SNAP benefit to maintain family nutrition is correspondingly lower, leading to higher rates of child, adult, and household food insecurity. The logic behind a readjustment in benefits seems clear.The Quarterly Food-at-Home Price Database (QFAHPD) was developed to offer data that would be useful for policymakers. However, it only covers about three dozen locations in the United States. But the data provided show the wide variance in the cost of food from location to location.The map below clearly shows where SNAP inequity plays out. The lighter blue areas indicate where the “spending power” of SNAP is diminished by the higher costs of food in the geographic areas.The impact of SNAP inequity goes beyond the ability to purchase nutritious food for a struggling family; there are implications for the health and educational outcomes of the children who experience food insecurity as a result. In a working paper by Erin T. Bronchetti, Garret S. Christensen, and Hilary W. Hoynes focused on food prices, SNAP, and child health, they conclude that lower SNAP purchasing power leads to lower use of preventative health care and, thus, more days of school missed because of illness. This research indicated that a 10 percent increase in SNAP purchasing power increases the likelihood that a child will have an annual health checkup by 8.1 percent. That seems significant in terms of healthcare costs and child well-being.In Brookings’ article, Hoynes and Ziliak, suggest the government should transition to a geographically-adjusted maximum benefit for SNAP. “Replacing the annual national CPI adjustment with an annual local CPI adjustment would account for level and trend differences in food prices by place, replicate an existing process, and minimize administrative burden.” They indicate that this could be facilitated by the Bureau of Labor Statistics producing and publishing local Consumer Price Indices (CPI) for the 29 food categories in the Thrifty Food Plan (TFY).SNAP has been one of the most successful programs in achieving its goal of alleviating food insecurity for children and families in poverty. If balancing the geographic inequities of this successful program could improve family nutrition, as well as boosting children’s health and school attendance rates, it seems worthy of attention.—Carole LevineShare14TweetShareEmail14 Shares
Portuguese regulator Anacom has launched a campaign to make the country’s citizens aware of the forthcoming digital switchover.The campaign, created by agency Fuel, and featuring actor and presenter Predro Granjer, is designed to raise awareness ahead of the next phase of switchover, which will see the coastal areas of the country make the move to digital broadcasting in January. The Azores and Madeira will complete switchover in March, with the remaining areas in the interior of mainland Portugal to follow in April.
The Church of England has sold its shares in media company News Corp because was “not satisfied that News Corporation had shown, or is likely in the immediate future to show, a commitment to implement necessary corporate governance reform” in the wake of the phone-hacking scandal.The church said that it has sold £1.9 million (€2.4 million) of shares accordingly.Andrew Brown, secretary of the Church Commissioners, said: “Our decision to disinvest was not one taken lightly and follows a year of continuous dialogue with the company, during which the Ethical Investment Advisory Group put forward a number of recommendations around how corporate governance structures at News Corporation could be improved. However the EIAG does not feel that the company has brought about sufficient change and we have accepted its advice to disinvest.”
RGB Networks will exhibit at ANGA COM on stand 10.1/V18. RGB CTO, Yuval Fisher, will present a session in the Speakers’ Corner called ‘Deploying Cloud-Based Ad Insertion Using OpenStack’, on May 20 from 12:00 – 12.20. Multiscreen video delivery specialist RGB Networks will showcase its CloudXtream solutions at ANGA COM. CloudXtream is designed to let operators easily deploy monetisation services like ad insertion for multiscreen (AIM) and nDVR solutions, with “minimal upfront capital costs or ongoing operational expenses.”RGB’s CloudXtream initiative is built on the scalable OpenStack framework and offers scalable, geo-redundant, IP-delivered video services. It also aims to respond to elastic demand for transcoding, packaging, IP streaming, ad insertion and nDVR storage.“With our next-generation products for live, time-shifted and software-based delivery, video service providers can not only ensure they deliver premium quality audio and video to all IP devices but also actively monetise all screens,” said Andy Salo, VP of product management at RGB Networks.“We are particularly excited to be showcasing our innovative CloudXtream solutions which provide operators with a bona fide software-based approach to deploying services, without incurring any unanticipated or unnecessary costs that may hinder their rollout plans.”
UK satellite TV provider Sky is rolling out a number of new features for its Sky+ electronic programming guide (EPG), including a new recommendations engine and a ‘Smart Series Link’ record function.The recommendations engine will suggest both linear TV and on-demand TV shows to Sky customers based on recent recordings and downloads in their Sky+ Planner.The Smart Series Link feature automatically remembers to record the next season of a programme and all subsequent ones after that.Other new features include: a Sports tile, which has been added to the Sky+ homepage, offering quick access to live sporting events; movie DVD cover art for Sky Movies On Demand and the Sky Store; and combined SD and HD options making it easy for viewers to choose between HD and SD when downloading TV shows or movies on-demand.The update marks what Sky described as the “second tranche of major improvements” to the Sky+ homepage this year following a major overhaul in March when on-demand content and the Sky+ Planner were moved alongside channel listings as equal options, and a new search function was launched.“We know customers love the new Homepage as it puts catch-up, box sets and movies at the heart of their TV viewing. That’s why we’re introducing even more features to help discover more TV they really want to watch. Get recommendations for shows we think you’ll enjoy based on your recordings, and never miss a returning season ever again with Smart Series Link. It’s all part of our commitment to make Sky+ the ultimate entertainment experience,” said Sky’s director of TV Products, Luke Bradley-Jones.The latest update is rolling out to customers starting from today and will be available to more than 8 million customers with compatible Sky+HD boxes by the winter this year.
French network TV5Monde was yesterday the victim of a cyber attack by individuals claiming to belong to terrorist group ISIS, the Paris-based company has said.The attack took the channel, which goes out internationally, off air for three hours yesterday, but TV5Monde was able to bring back a partial feed by 1am yesterday, reports say.The hackers also posted the identity cards and CVs of relatives of French soldiers, along with threats and warning to French president Francois Hollande, on TV5Monde’s Facebook page.TV5Monde has now taken back control of its social media outlets, and posted messages explaining the incident. A video featuring TV5Monde director general Yves Bigot calls the attack “unprecedented”. The TV5Monde website remained offline at press time.The attack comes after French satirical magazine Charlie Hebdo was attacked by terrorist gunmen in Paris in January, with 17 people left dead as a result.
BBC Worldwide is continuing the international rollout of its new channel brands with the launch of natural history offering BBC Earth in Asia.Worldwide, the commercial arm of the UK pubcaster, has refined its channel offering, which is now focused on doc offering BBC Earth, lifestyle channel BBC Brit and premium drama service BBC First.The BBC Earth service is launching in Lat-Am in September and Worldwide today announced plans for an Asian roll out.David Weiland, executive VP for BBC Worldwide Asia said: “The premiere of BBC Earth in Asia is an important step in BBC Worldwide’s strategy to inspire audiences with intelligent, distinctive content. With BBC Earth, we will now have a compelling way to share premium BBC factual content with audiences in Asia and around the world.”The BBC Knowledge channel will be rebranded Earth and the new service will be carried in Cambodia, Indonesia,Malaysia, Mongolia, Singapore, South Korea, Taiwan, Thailand and Vietnam. There is also a BBC Earth block in Japan on Wowow.The channel will launch region-wide on October 3. It will be programmed with high-end factual history content from the BBC including The Hunt, Shark and Life Below Zero.Weiland said: “With an increased investment into new and premiere content, we are confident that BBC Earth will strike a chord with viewers in Asia.”
Mozart in the JungleAmazon Prime Instant Video is to make its original content available in the High Dynamic Range (HDR) format in Europe for the first time.Amazon is launching HDR TV on its Prime Instant Video services in the UK, Germany and Austria, as well as the US, where it made content available on the Samsung SUHD range of TVs in June.In the UK, Amazon will debut its original series Mozart in the Jungle and the pilot of soon to launch Red Oaks in the HDR format. The complete first season of comedy Mozart in the Jungle will be the first series available in HDR, with other titles to follow this year.Amazon Prime members will be able to watch both Mozart in the Jungle and Red Oaks in HDR via the Amazon Video app on Samsung SUHD TVs.“It’s been a great year for Mozart in the Jungle. Now, having the first season available for fans in an upgraded visual experience is exciting—the enhanced quality makes every scene look even better and we hope it’s something that our viewers really enjoy,” said Roman Coppola, writer and director of the series.“HDR provides a truly stunning visual experience and we’re excited that our original series, Mozart in the Jungle and the pilot episode of Red Oaks are the first titles to be made available in the unmatched picture quality,” said Jay Marine, Vice President Amazon Instant Video EU. “We can’t wait for Prime members to watch and re-watch these titles, and look forward to adding even more in HDR for all our customers to enjoy this year.”
Jakob Mejlhede AndersenModern Times Group (MTG) is adding an electronic sell through (EST) option to Viaplay, allowing users to watch new-release films on the Nordic streaming service.MTG said that EST lets viewers stream and download movies a few months after they are released in cinemas, with the final Hunger Games film, Mockingjay Part 2, and the latest James Bond movie, Spectre, to be among the first titles on the store.“Digital downloads and streaming are rapidly replacing the physical disc. Globally this is a multi-billion dollar business moving online very fast, with digital expected to be as big as physical sales within a few years,” said Jakob Mejlhede Andersen, executive vice-president and MTG head of programming and content development.“The new EST window means that Viaplay subscribers can watch their favourite new movies on all devices shortly after theatrical release. Viaplay is already a unique service and this new launch adds yet another fantastic entertainment window for Viaplay customers.”EST will be available on Viaplay throughout the Nordic region from today for registered account holders. The new option builds on Viaplay’s existing subscription and transactional video on demand offerings.
Christophe SonzogniFrance-based video distribution and TV on-demand specialist Hubee has named Christophe Sonzogni as head of sales and marketing.Sonzogni will be part of the management team with Frédéric Pie, hubee’s Chairman and Founder, Jean-Sébastien Petit (co-founder of Smartjog and former COO of Arkena/TDF), Chief Executive Officer, and Colin Gruia (former CEO of Wiztivi and CTO of Molotov.tv), Chief Technology Officer.Sonzogni previously worked in marketing and sales positions for companies including Real Networks, Wiztivi and MPO-Ipercast. At Hubee he will be responsible for managing the sales and marketing team, and rolling out new innovative products and services, with a particular focus on the international market.“I have followed hubee since its inception. The company has now reached a pivotal point in its development, and Frédéric Pie has built up a strong team to successfully navigate this new stage. I am delighted and very proud to be part of this new adventure alongside Frédéric, a serial digital entrepreneur success story,” said Sonzogni.
Hulu is rolling out profiles to its 12 million subscribers in a move that it said would offer an “even more personal TV experience”.The company said that “nearly every touchpoint on Hulu” will now be personal to the viewer – including the masthead, homepage, recommendations and user Watchlist.“TV is very personal and we know people share their Hulu with spouses, kids and family members,” said Hulu. “The next step in creating the most personal TV experience is introducing profiles.”Each individual profile will have its own name, personal info, viewing history, recommendations and Watchlist, while a new Kids profile will also filter out unsuitable content for young viewers.Hulu started to roll out profiles to a small subset of viewers at the end of last week and said that it will continue to rollout the feature to more viewers across more devices in the next few weeks.
Sylvain MerleMedia services outfit Globecast has named BeIN Media Group technical director Sylvain Merle as its new chief technology officer, effective immediately.In his role as CTO, Merle will take on responsibility in ensuring that the company’s technical and economic approach with clients is aligned with the latest industry developments.Prior to working for Middle East pay and free TV outfit BeIN Media, Merle had senior technical positions at companies including Fox International Channels, TV5Monde, and Thomson Broadcast Systems.His duties at Globecast will include managing skill centers, developing strategic partnerships and contributing to technological advances such as IT architecture and storage, headends, WAN, LAN and CDN Networks.“Globecast is excited to welcome Sylvain as the newest member of our forward-thinking team. He brings a wealth of industry knowledge and leadership skills to his new post including 25 years’ experience in broadcast architecture, OTT, nonlinear distribution, transmission, IPTV and IT. With such an impressive background, I know he’ll be an incredible asset to our business so we can continue to deliver the high value that our clients have come to expect,” said Globecast CEO Philippe Bernard.“I’m delighted to become part of the team at Globecast, which is a company with a broad vision and a strong portfolio. In my new role, I’m committed to helping ensure that our customers are fully aware of the value we offer, and I’m looking forward to engaging with the industry to deliver a strategy that’s successful for everyone,” said Merle.
Timotheus HöttgesDeutsche Telekom is considering launching a standalone OTT TV product in Germany, according to Tim Höttges, the company’s CEO.Speaking to analysts after Telekom released its full-year results, Höttges said that the company was “more and more considering a TV-only product, delivered over-the-top and via apps” that would be consumable via mobile devices.Referring to Telekom’s mainstream Entertain pay TV offering, Höttges said that Deutsche Telekom still has “a way to go on the TV side” in terms of delivering accelerated subscriber growth, despite an improved performance in the last quarter.Höttges said that Telekom aimed to be an aggregator of content rather than invest significantly in exclusive rights. He said that Telekom would invest in added functionality both in its fixed and mobile TV services.The telco’s year-end results saw it add 61,000 TV customers in its domestic German market the final quarter, taking its total to 2.879 million across both IPTV and satellite platforms, up 7.3% year-on-year. Höttges said that the company’s new TV platform was helping to deliver accelerated growth in fixed broadband subscribers.“We have seen an increase in TV adds. That’s definitely the case, but we want see more progress made with our new TV platform,” Höttges told analysts.Höttges said that Telekom wanted to “create money” from the TV service as well as increasing numbers, and had introduced new services such as restart and catch-up TV as well as investing in long-tail sports content like hockey and women’s football.CFO Thomas Dannenfeldt meanwhile said that Telekom’s launch of a mobile TV offering as a free service for Magenta Eins converged customers was intended to get customers using mobile data, in line with the company’s decision to increase the data volumes available to customers for the same price.Telekom’s mobile TV service added 100,000 subscribers in the fourth quarter.Telekom’s international European markets had 4.05 million TV customers at the end of the year, up 3.7% year-on-year. The company provides TV services in countries including Hungary, Croatia, Macedonia, Montenegro, Greece and Romania.Overall, Telekom posted revenues of €73.1 billion for the year, up 5.6%, and adjusted EBITDA of €21.4 billion, up 7.6%.
Sky Deutschland has struck a deal with sports streaming network DAZN to provide its service in sports bars services by Sky.The Sky Sportsbars service will be able to broadcast live sports content from DAZN in Germany and Austria, supplementing Sky’s existing offer for bards and restaurants, which includes Bundesliga and UEFA Champions League football as well as handball, tennis and golf.DAZN’s line-up of content includes the top matches from the UEFA Champions League and Europa League football tournaments for the next three years. DAZN also holds rights to English Premier League and Spanish La Liga football, as well as live WTA tennis and NBA basketball.Sky will provide bars receiving its service with two additional exclusive linear channels including up to 14 hours of DAZN content daily.Paul Sexton-Chadwick, senior vice-president of Sky Business Solutions, said that the deal strengthened Sky’s position as a partner for the hospitality industry.
ShareTweet “And if she was to meet me with a handshake, I would turn my back on her.”His father, Damien Lynch, added that he would not accept her apology without disciplinary action.“Why did it take her four weeks to give an apology?,” Mr Lynch asked.“She apologised in front of a justice committee but she couldn’t apologise to us, so I don’t really accept it. Blinded prisoner Sean Lynch rejects prison boss’s apologyA DERRY MAN man, who blinded himself in prison, has rejected an apology from the head of the Prison Service for the way jail staff treated him.Yesterday, Sue McAllister said “sorry” at a Stormont committee meeting for what happened to him in Maghaberry prisonSean Lynch said today: “I would not like to meet Sue McAllister. “Unless there’s some kind of disciplinary action taken, it’s not an apology,” he said.CCTV cameras at Maghaberry prison showed Sean Lynch shouting and crying in pain and banging his cell door, but the officers did not try to stop him.He used his fingers and thumbs to damage his eyes, and claimed to have used a piece of broken glass to injure his groin.“I am sorry for the life-changing injuries that Mr Lynch sustained whilst in our care,” said Mrs McAllister on ThursdayShe said the days leading up to Mr Lynch’s “most serious incident of self-harm” were “hugely challenging for everyone – for our officers, our healthcare colleagues, Mr Lynch’s family and of course Mr Lynch himself”.Previously Mrs McAllister said it was the most extreme case of self-harming she had experienced in 30 years working in prisons.She said it was a “shocking and tragic case” but that “it was not possible to say what staff could or should have done” in this “unprecedented incident”.Damien Lynch said he and his family are still searching for answers for the treatment his son received in prison.“Sean went into prison a healthy man and came out blind, so they failed in their duty of care to look after him,” he said.“The new Justice Minister, Claire Sugden, should demand proper accountability from the prison service to ensure no other family has to suffer the ordeal we’ve had to cope with.“It’s immaterial to me if I meet Sue McAllister, Sean is the main issue and no matter what happens he’s been sentenced to a life of darkness,” he added.BLINDED PRISONER SEAN LYNCH: PRISON BOSS CAN STICK HER APOLOGY was last modified: October 7th, 2016 by John2John2 Tags: BLINDED PRISONER SEAN LYNCH: PRISON BOSS CAN STICK HER APOLOGYdamien lynchMAGHABERRY PRISONSEAN LYNCHSUE MCALLISTER
ShareTweet Through photographs, illustrations and drawings from local and national collections, the exhibition highlights the distinctive forms and features of Donegal’s traditional dwellings.”The summer school programme includes presentations, fieldtrips, traditional building skills demonstrations and social events in Derry (Thursday, June 8) and Donegal (Friday, June 9).The Director of the Summer School is architectural historian Kevin Mulligan, author of ‘The Buildings of Ireland – South Ulster’.Speakers include archaeologist Dr. Brian Lacey, Paddy Matthews (Fáilte Ireland), Dr. Andrew McClelland (Maynooth University), Dr. Edward McParland (Trinity College Dublin), geographer Dr. Fidelma Mullane, Anna Meenan (The Heritage Council), Ronan O’Donnell (Townscape Heritage Initiative), Dr. Barry O’Reilly (National Inventory of Architectural Heritage), Dr. Greg Stevenson (Under the Thatch) and renowned architectural historian Prof. Alistair Rowan. Special guest speaker will be Yaima Gill from RESTAURA – an historic preservation project based in Havana, Cuba.There was intense competition for 30 free student places at the summer school that included attendance at the four-day event, three nights’ accommodation in Letterkenny as well as transport and meals during the event.Architecture, geography, history and planning students from higher education institutions in Sligo, Galway, Limerick, Cork, Dublin, Dundalk, Belfast, Oxford, Cambridge and Scotland were among those successful in securing a free place.The students undertook assignments on Boom Hall, Derry and Church Lane, Letterkenny and the summer school will culminate with a student awards ceremony in Sion Mills, County Tyrone on Saturday, June 10.If you would like further details about the summer school and to book a place, please contact the Ulster Architectural Heritage Society on (048) 9055 0213 or by e-mail at email@example.com or register at www.igs.ieCROSS BORDER SUMMER SCHOOL TO OUTLINE IMPORTANCE OF NORTH WEST’S HISTORIC BUILDINGS was last modified: May 31st, 2017 by John2John2 Tags: “The purpose of the Cross-Border Built Heritage Summer School is to encourage the conservation, heritage-led regeneration and promotion of the built heritage of North West Ulster” said Joseph Gallagher, County Donegal Heritage Officer.“This special event brings together students, experts and enthusiasts to explore, discuss, debate and enjoy issues relating to our built heritage in the context of Donegal, Derry and Tyrone.“The summer school will open on Wednesday evening, June 7 with a presentation by Dr. Barry O’Reilly on ‘Traditional Settlements in North West Ulster’ in the Regional Cultural Centre and the launch of an exhibition entitled ‘In Search of the Donegal Vernacular Cottage’ in the County Museum, Letterkenny. THE organisers of a major cross-border built heritage summer school in Derry, Tyrone and Donegal believe the cultural, economic and tourism potential of conserving our historic buildings is immense.That’s one of the messages that will come from the ‘Conservation without Frontiers’ Summer School organised by the Ulster Architectural Heritage Society and Irish Georgian Society in association with Derry City & Strabane District Council, Donegal County Council & The Heritage Council.The summer school runs from Wednesday, June 7 until Saturday, June 10. CROSS BORDER SUMMER SCHOOL TO OUTLINE IMPORTANCE OF NORTH WEST’S HISTORIC BUILDINGSIRISH GEORGIAN SOCIETYULSTER ARCHITECTURAL HERITAGE SOCIETY
She posted on her Facebook page pictures of the very much in love couple with a touching message about Jordan.Leah wrote: “The most perfect human being ever, love of my life x.”News of the death sparked an outpouring of grief on social media with people saying that two families had now been left devastatedJordan McConomy in happier times with girlfriend Leah Kelly who has been left devastated at his senseless murderOne close friend paid tribute to the teenager on Facebook, saying: “Still can’t get my head round what’s happened. You were an absolute gent, a legend, a best friend, love ye Jordy fly high bro.”Another friend of Mr McConomy’s family posted: “God rest u son u were a credit to ur mummy, daddy, brother and sister.”POLICE GRANTED MORE TIME TO QUESTION SUSPECT OVER BRUTAL MURDER OF JORDAN MCCONOMY was last modified: September 25th, 2017 by John2John2 Tags: DerryLEAH KELLYPOLICE GRANTED MORE TIME TO QUESTION SUSPECT OVER BRUTAL MURDER OF JORDAN MCCONOMYPSNISERIOUS CRIME BRANCHwilliam street SO IN LOVE…. Jordan McConomy with his girlfriend Leah KellyDETECTIVES from Serious Crime Branch investigating the death of 19 year old Jordan McConomy in Derry in the early hours of yesterday morning have been granted an additional 36 hours to question an 18 year old male. The extension was approved by a court in Derry today.Police inquiries in the vicious attack and murder are ongoing. ShareTweet Jordan was brutally assaulted while on a night out in the city.He sustained serious head injuries during the senseless attack and was conveyed to Altnagelvin Hospital.But despite the valiant efforts of emergency department, Jordan tragically died from his injuries.His devoted girlfriend Leah Kelly, a native of Trim in Co Meath, has been left devastated by his callous murder.
Twitter Next PostCommunity Members Honor Fallen Heroes Through Candlelight Memorial Facebook NewsWatch More Than $55K Raised For Teacher Who Stopped Shooter By Daniella HankeyMay 28, 2018, 04:24 am 339 0 Daniella Hankey Home NewsWatch More Than $55K Raised For Teacher Who Stopped Shooter Tumblr Previous PostWoman Repeatedly Punched By New Jersey Cop During Underage Drinking Arrest Pinterest Google+ Linkedin (ABC NEWS)-An online fundraiser has surpassed its $55,000 goal for a suburban Indianapolis teacher who was shot while tackling an armed student.A local high school student launched the GoFundMe effort for science teacher Jason Seaman.Officials say the 29-year-old former college football player was shot three times Friday as he tackled the shooter inside his classroom at Noblesville West Middle School.By Sunday afternoon, more than $55,000 had been raised through the fundraiser.Donations ranged from $10 to over $3,000.Student witness Ethan Stonebraker told ABC News that Seaman ran toward the bullets as students sought cover during Friday’s attack.Seaman was released from an Indianapolis hospital Saturday. The only other person shot, student Ella Whistler, was in critical but stable condition.Authorities haven’t release the shooter’s name. Mail Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website
The silver stocks finished up big…some of them very big…and Nick Laird’s Intraday Silver Sentiment Index closed up a chunky 4.16%. In a nutshell, the trading action in silver was very similar to gold, except far more ‘volatile’. Silver’s 9:45 a.m. Eastern time low was $28.45 spot…and it’s 11:00 a.m. Eastern high was $29.25 spot. The silver price managed to close above $29…but just barely…at $29.04 spot. Volume was around 42,000 contracts. Here are the platinum and palladium charts. Once again they acted like they were trading on some other planet. (Click on image to enlarge) The CME’s Daily Delivery Report showed that 58 gold and 23 silver contracts were posted for delivery on Friday within the Comex-approved depository. The major players were Jefferies, JPMorgan Chase and Canada’s Bank of Nova Scotia. The link to yesterday’s Issuers and Stoppers Report is here. There were no reported changes in either GLD or SLV yesterday…and the U.S. Mint had no sales report either. The good folks over at Switzerland’s Zürcher Kantonalbank updated their gold and silver ETF numbers as of the close of business on Tuesday. Their gold ETF showed a decline of 35,507 troy ounces, but their silver ETF showed an increase of 994,648 troy ounces. That’s a lot! The Comex-approved depositories reported receiving 406,382 troy ounces of silver on Tuesday…and they also shipped 498,192 troy ounces out the door. The link to that activity is here. I was more than impressed with the performance of the shares in light of the price action. The gold price chopped around in about a five dollar price range through all of Far East and most of London trading on Wednesday. Then around 9:00 a.m. in New York, the price headed for its low of the day…$1,566.40 spot…which came around 9:45 a.m. Eastern time. The subsequent rally lasted until 11:00 a.m. Eastern, which was the London close. That ended the rally…and the price got sold down until shortly before 1:00 p.m. in New York. From there, the price rallied throughout the entire electronic trading session, closing very close to its high of the day…which Kitco recorded as $1,586.10 spot. Gold closed at $1,584.50 spot…up $9.10 on the day. Net volume was pretty decent…around 149,000 contracts. I have a fair number of stories again today…and I hope you can find the time to spend on the ones that interest you. It was an interesting day in both gold and silver during the New York trading session yesterday…and I’m not sure what to read into it, if anything. However, I was more than impressed with the performance of the shares in light of the price action…and it sure looks like a bottom was set on Tuesday. The news that South Korea added to its gold reserves…and Azerbaijan is going to do the same thing, is certainly continued proof that a lot of the world’s central banks are really getting serious about converting paper assets into the real deal…this despite the ongoing paper price antics on the Comex. Nick Laird pointed out that both gold and silver were in slight backwardation going out about from a few months in gold, to a year in silver. We saw severe backwardation develop in silver several years ago…and it amounted to nothing, despite what the so-called ‘experts’ were saying at the time…so it remains to be seen whether it will amount to anything this time around. Ted Butler said back then that the ‘powers that be’ can manufacture backwardation if they wish to do so…and said it meant nothing…and he turned out to be the only one who really knew what he was talking about, much to my dismay. Tomorrow we get the anxiously-awaited [at least by Ted and myself] Commitment of Traders data for the reporting week that ended at the Comex close on Tuesday…and I’ll have a full report on that in this column on Saturday. The price action was pretty dead in the Far East during their Thursday…and the same can be said about the first two hours of trading in London as well. Volumes are on the lighter side…and the dollar index is down about 22 basis points as I hit the ‘send’ button at 5:10 a.m. Eastern time. It looks like another day where any significant price activity will occur during the New York trading session. See you on Friday…or Saturday if you live just west of the International Date Line. The dollar index opened on Wednesday in the Far East at 82.07. From there it sank to its low of the day…81.94…at exactly 2:00 p.m. in Hong Kong. The subsequent rally lasted until minutes before 5:00 p.m. Eastern time, where it printed its high of the day at 82.60. From there it sold off a hair into the close, finishing the Wednesday session at 82.55…up 48 basis points from Tuesday. Obviously there was no correlation between the dollar index and the gold and silver price action on Wednesday. Sponsor Advertisement The gold stocks traded in the red until 10:00 a.m. Eastern time…and then away they went to the upside. They ran out of gas at the 11:00 a.m. high price tick…and then traded flat until just after the 1:30 p.m. Comex close…and from there the shares crept higher, closing on their high tick of the day. The HUI finished up 3.95%. Drilling Intersects 102 Meters of 1.97 gpt Gold at Columbus Gold’s Paul Isnard Gold Project; Drilling Confirms Depth Extension of Gold Mineralization Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) is pleased to announce results of the initial five (5) core drill holes at its Paul Isnard gold project in French Guiana. The holes confirm depth extension of gold mineralization below shallow holes drilled on the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit at Paul Isnard in the 1990’s and support the current program of resource expansion through offsetting open-ended gold mineralization indicated by the earlier holes. Robert Giustra, CEO of Columbus Gold, commented: “These drill results validate Columbus Gold’s approach to adding ounces with a lower-risk drilling program designed to infill and to extend the mineralized zones to 200 m vertical depth from surface; a depth amenable to open pit mining.” Fourteen (14) holes have been completed (assays pending) by Columbus Gold in the current program and drilling is progressing at the rate of about 3,000 meters per month with one drill-rig on a 24 hour basis. Columbus Gold plans to accelerate the current program by engaging a second drill-rig as soon as one can be obtained. Please visit our website for more information about the project.
One of the best things about being a partner in a research firm employing about 40 analysts is that I have unfettered access to really smart people. While we have a great team with expertise across the spectrum, when it comes to monetary matters, my go-to guy is Terry Coxon, a senior editor for our flagship publication, The Casey Report. For those of you who don’t know him, Terry cut his teeth working side by side for years with the late Harry Browne, the economist and prolific author of a number of ground-breaking books, including the 1970 classic, How You Can Profit from the Coming Devaluation. The timing of Harry’s book should catch your eye because his analysis that the dollar was headed for a big fall was spot on. Anyone paying attention made a lot of money. As co-editors of Harry Browne’s Special Reports, Terry and Harry made a formidable team for over 23 years. During this period, the two deeply researched the operating levers of the global economy, with a focus on the nature of money and impact of monetary policy. And they looked for ways to apply what they learned about the macroeconomics into practical investment strategies, co-authoring Inflation-Proofing Your Investments. On his own, Terry wrote Keep What You Earn and Using Warrants. Putting his expertise into action, Terry founded—and for 22 years served as the president of—the Permanent Portfolio Fund, one of the top-performing funds in history. Having Terry on the Casey Research team as a senior economist has been a huge personal boon. By the time you finish reading my brief interview with him, I suspect you’ll understand why. Question: Let’s start by defining terms. What exactly is inflation? Most people view inflation as a noticeable increase in the prices of everyday things. How do you define inflation? The original use of the term in financial matters referred to money, not to prices. It meant an increase in the total amount of money held by the public. Such a monetary inflation can be engineered by government printing or, under a gold standard, by increasing the official price of gold (as in 1933). Monetary inflation can also be engineered by inventing a new category of legal tender, as in the case of the silver dollars minted in the 19th century. And inflation of the money supply can happen without government tinkering, such as through the discovery and development of new gold deposits (as in the cases of the California and Klondike gold rushes), or through decisions by commercial banks to operate with thinner cash reserves in order to issue more deposits. Today “inflation” usually refers to price inflation, which is a rise in the general level of consumer prices. That second use grew out of the public’s experience of episodes of monetary inflation being followed by periods of rising prices. Notice that with either use of the word, there is a little mushiness. During some periods, depending on what you include as “money,” you may find either an increase or a decrease in the supply of the stuff. Suppose that the supply of hand-to-hand currency goes up while the quantity of bank deposits goes down by a larger amount. Is that monetary inflation or monetary deflation? And what exactly does an increase in the “general level of consumer prices” mean? There’s more than one way to define an index of prices, and there are many ways to tinker with it. Q. In your view, have the US government and the Fed been following an inflationary policy? Yes. Since the Lehman swoon in 2008, the M1 money supply (hand-to-hand currency plus checkable bank deposits) has increased by 72%, so the policy is clearly one of monetary inflation. And the Fed is avowedly committed to avoiding price deflation at all costs. They’ll do whatever it takes to prevent price deflation, up to and including sacrificing virgins. That deflation phobia is necessarily a commitment to price inflation, and Mr. Bernanke has indicated that consumer prices rising at a rate of 2% per year would be ideal. So either way you define inflation, the Fed is all for it. Q. Based upon your studies, just how extreme or extraordinary has the inflation been since the beginning of this financial crisis? A 72% growth in the money supply over a period of five-plus years is a gigantic increase. Take a look at the chart. It shows the annual growth rate in M1 over all five-year periods from 1959 to the present (dates on the chart indicate the end of a five-year period). As you can see, the only episode of monetary inflation that comes close to what is happening now is the money-printing spree of the high-price-inflation 1970s and early 1980s. Q. How certain are you that the monetary inflation here in the US is going to ultimately manifest as price inflation? You’re asking for a lot when you say “certain”—certainly more than you’re going to get from me. But here’s why price inflation seems inevitable. The Federal Reserve can easily create more money. There’s no limit to that power, as they’ve already demonstrated. At any hint of deflation, they will produce more cash. They can never know how much new cash would be enough, but because they see deflation as a vastly more serious problem than price inflation, they always will err on the side of too much new money. That attitude is a guarantee of price inflation. Q. When the price inflation begins, how significant do you think it will be? A little inflation? A lot? Hyperinflation? Mr. Bernanke will get to visit his ideal world of 2% price inflation, but it will only be a whistle stop. The price inflation that lies ahead will be at least as bad as what happened in the 1970s episode, when the annual inflation rate approached 15%. The money that’s already been printed so far may be enough to produce such a 1970s-size problem. And more new dollars are coming, because the Fed won’t stop printing until price inflation becomes obvious. Making matters worse is that the devices for paring down the amount of cash that you need for the sake of convenience—such as credit cards, ATMs and online banks—are now far more widely available and cheaper to use than they were in the 1970s. When price inflation becomes noticeable, people will turn more and more to those devices to reduce their holdings of value-leaking cash. That drop in the demand for money will reinforce the price inflation that originated in the Federal Reserve’s increase in the supply of money. Q. I know it can only be a wild guess, but based on your observations, how long do you think it will take for the price inflation to become obvious? Within twelve months after you hear that the economy has at last fully recovered from the recession. Q. What is the biggest flaw with the deflation argument? Whatever process someone might have in mind as a driver of price deflation, no matter how powerful that process might be, the Federal Reserve has the power and the will to carpet-bomb it with more new money. What the deflationists overlook is that if deflation ever seems to be winning, the Fed will simply extend the game for as many innings as it takes for inflation to win. In a fiat-money system, inflation always gets another chance. Q. What would make you change your view that price inflation is inevitable? Brain surgery. As I know our readers are a curious sort, if you have additional questions for Terry, send them my way at David@CaseyResearch.com and we’ll do a follow-up. And to stay closely in touch with Terry Coxon’s views of the unfolding economy and how to position yourself, check out our special two-for-one offer for The Casey Report and BIG GOLD mentioned at the end of today’s missive.