TagsTransfersAbout the authorPaul VegasShare the loveHave your say Benfica president Vieira: Mourinho? Money is no problemby Paul Vegas10 months agoSend to a friendShare the loveBenfica president Luis Filipe Vieira has the financial backing to hire Jose Mourinho.The sacked Manchester United manager has been raised by Vieira as a replacement for the sacked Rui Vitoria.There’s been claims Mourinho’s personal demands would be too much, but Sport says the president has said “the money is no problem”, opening the debate again.Vieira insists he had not spoken to Mourinho though. Bruno Laje is working as interim coach for now and the president said that he will stay in charge until the end of next week. Mourinho is a free man after being sacked by Manchester United.
FORT ST. JOHN, B.C. – The Northern Environmental Action Team is hosting a series of sessions looking at Northern Farmer Connections.The Northern Farmer Connections session is an informal evening to learn about what NEAT is planning in order to learn about and support local producers throughout the Peace. It will also allow farmers to ask questions and network with other local producers.Bess Legault, Northern Co-hort Coordinator with NEAT, says there is a growing interest in agriculture within the Peace Region. “In the last couple of years, there’s been an interest in the potential for a horticultural/agricultural industry or industry support in the Peace Region.”Legault hopes these sessions will create a local food system collectively and collaboratively with local producers in order to bring food to the local purchaser.“So we’re going to learn from one another what’s working and what’s not working. Is there an opportunity for farmers to work together to be able to supply a grocery store instead of just a farmers’ market?”.There are no production guidelines as both large and small producers are welcome to attend the sessions.The first session is taking place in Fort St. John on November 15, from 5:30 p.m. to 7:00 p.m. at the NEAT Office.For more information and a list of sessions happening near you, you can visit https://neat.ca/event/
Same song, different verse.The San Antonio Spurs — after defeating the Miami Heat in Game 4 of the NBA Finals on Thursday night — are one win away from a title. The score wasn’t close, 107-86 — the second game in a row that San Antonio dismantled Miami. But in Game 3, it was the Spurs’ offense overwhelming the Heat’s defense with a cascading set of inside-outside and side-to-side actions. In Game 4, the Spurs’ offense continued to perform at a high level, but it also tightened the screws defensively.The Heat scored at a rate of 99.1 points per 100 possessions in Game 4, more than 13 points lower than Miami’s playoff average. The Spurs controlled the middle of the floor, a factor that manifested in several ways.According to the NBA’s SportVU Player Tracking Box Score, San Antonio had an enormous rebounding advantage, not just in actual rebounds — 44 to 27 — but also in rebound chances (defined as any time a player is within 3.5 feetof a rebound), 68 to 46. The Spurs were consistently the aggressor around the basket.That aggressiveness also showed in Game 4’s shot-contesting stats. The Heat were 15 of 34 (44 percent) on shots in the paint. Coming into the game, the Heat had made 64 percent of their shots in the paint, by far the best mark of any team in the playoffs. The Heat — athletic and loaded with finishers — can score in the paint even when a defender is there to challenge a shot. But the Spurs have gotten more aggressive, and it is bothering the Heat in traffic.Miami’s Shooting WoesSan Antonio contested a slightly lower percentage of Miami’s shots in Game 4, but the Spurs were extremely effective, especially around the basket. The Heat couldn’t get shots to fall.The Heat have turned the ball over on 18.7 percent of their possessions in the finals, well above the 15.8 percent they had averaged in the regular season. Many of the steals the Spurs are generating have come close to the basket, stripping the ball from a shooter as he heads for the rim. On San Antonio, Danny Green and Kawhi Leonard have been particularly active in this regard, combining for 15 steals and seven blocks in the finals so far.The Spurs have strung together two of the best performances of the playoffs — one offensive and one defensive. It will take massive changes from Miami to push this series toward a competitive finish.
1Mike Trout28.61Mike Trout37.9 PLAYERWAR 5Alex Rodriguez22.95Ken Griffey Jr.30.1 5Al Kaline8.95Al Kaline15.4 3Ty Cobb9.53Ty Cobb15.7 2Ty Cobb46.7 As a result — and in concert with MLB labor mechanisms that force young stars to either play for peanuts through their arbitration years or lock themselves into long, below-market extensions (as Trout did in 2014, re-signing with the Angels through 2020) — Trout has produced a ton of surplus value for the Angels, relative to what he’s been paid. According to FanGraphs.com, Trout’s production would have been worth about $357 million on the open market since his MLB debut, a span over which he was paid only about $24 million.That’s why speculation that the Yankees are loading up for a Trout trade breaks down upon examination. At a glance, why not ship Trout away from a rebuilding team where his WAR is being wasted (aside, of course, from Angels fans who like to watch him play) to a huge market that has the prospects for a blockbuster deal? The answer: It would take a monster package of young talent to justify trading away a player who so outperforms his contract and probably will continue to do so for the next several years.If we apply Tom Tango’s simple WAR projection system with an average future value of $8.6 million per win,3Starting with a rough cost-estimate of $8 million per WAR next season, with 5 percent annual growth until 2020. the final four seasons of Trout’s contract figure to see him generate 32.5 WAR, for a market value of $282 million,4Including the yearly minimum salary of about $500,000. and be paid $122 million. So it probably won’t be until Trout’s next contract that the cost-benefit tradeoff of having him around begins to make a trade realistic for either the Angels or the team they’re negotiating with.At that point, the math gets a little silly. Even in the first year of his next deal, Trout’s WAR projects to be worth so much on the open market (roughly $75 million) that he’d need a truly paradigm-shifting contract — one that would basically double the highest annual salary of anybody in the game right now — to not be underpaid. With superstar free-agent deals, the question often isn’t whether they’ll be paid more than they’re worth, but by how much. Trout, however, is so good that it might be hard for him to earn fair market value even in his big post-prime payday.For now, that means Trout is probably stuck carrying the Angels. In the past, that would have also meant his chances of contending for the MVP were slim, despite his incredible individual numbers. But perhaps Trout’s win Thursday also signals a change in the way voting will be conducted going forward. The MVP electorate has been skewing more progressive for a while, in terms of its willingness to use sabermetric tools, and there’s nothing more open-minded than giving the MVP to the leader of a 74-88 team.But maybe it was also about Trout’s own particular greatness. No player has ever been so good at such a young age; it was likely that future generations would have looked at his repeated MVP snubs and wondered what the hell the voters were thinking to deny him the AL’s top individual award, over and over. WAR Through Age 22WAR Through Age 23 4Bryce Harper8.94Ken Griffey Jr.15.5 1Mike Trout48.5 3Ted Williams23.63Ted Williams34.2 a 3Mickey Mantle40.9 4Alex Rodriguez38.0 4Mel Ott23.54Mel Ott31.4 WAR Through Age 24 2Ty Cobb25.52Ty Cobb36.0 a PLAYERWAR 5Ken Griffey Jr.37.0 WAR Through Age 20WAR Through Age 21 2Mel Ott11.42Mel Ott17.9 Los Angeles Angels outfielder Mike Trout is widely acknowledged to be the best player in baseball and has been for quite some time. But for all his gifts, awards recognition has been hard for Trout to come by. Although Trout has led the American League in wins above replacement (WAR) for each of the past five seasons,1Ever since he first became a full-time player in 2012. he had only won MVP honors once going into Thursday night’s award announcement — and victory there was far from assured.Unlike in the past, though, when Trout’s horrid teammates were held against him in favor of some lesser player on a winning team, the voters broke with tradition and went for the player with stellar individual numbers. In winning the MVP, Trout became just the sixth player from a losing team to take home the hardware. It was a victory for the new ways of player evaluation and a more modern take on what the “valuable” part of MVP really means.But even if Trout hadn’t won the award, he could have taken the same solace he could last year: MVP or not, but he’s still tracking to be the G.O.A.T.Through every single age in which he played a full season,2Not including his age-19 season in 2011, when he logged only 40 games after a July call-up. Trout has been the all-time career leader in Baseball-Reference.com’s WAR for position players. It was true through age 20, age 21, age 22, age 23 and — after posting 10.6 WAR in 2016, a performance that basically matched his previous single-season peak — age 24. No player has ever started his career on this kind of tear — not Ruth, not Cobb, not Mantle, nobody. Mike Trout is (still!) the G.O.A.T. at any age Most career WAR through each age since 1901, among position players.Source: Baseball-Reference.com 1Mike Trout11.41Mike Trout20.7
AC Milan look set to begin proceedings to sign current head coach Gennaro Gattuso to a new contract ahead of their derby against arch-rivals Inter MilanSince replacing the fired Vincenzo Montella back in November, Gattuso has overseen an upturn in form for Milan and they have been unbeaten domestically in 2018.The former youth coach was promoted, despite no prior experience, and now taken lead Milan back into the race for a possible Champions League spot in the Serie A standings.“When we open our eggs this Easter, we’re going to find Gennaro Gattuso’s renewal inside,” said Milan’s sporting director Massimiliano Mirabelli, according to The 42.Maurizio Sarri satisfied despite Juventus’ draw at Fiorentina Andrew Smyth – September 14, 2019 Maurizio Sarri was satisfied with Juventus’ performance on Saturday afternoon after finishing a tough game at Fiorentina 0-0.“I’ve been telling you for some time, although perhaps you only know him as a player, that Rino (Gattuso) is already an important coach and in the future will be one of the best in the world, so it’s only right that Milan keep hold of him.“We are working to start a new era with Gattuso, because we believe he is the right coach for a Milan that must be a protagonist over the next few years.“We all want it (contract), Rino like all of us, we just need to find the right time to do what we have to do.”
Gianluigi Buffon is expected to complete his move to Paris Saint-Germain this week after agreeing on a two-year deal, reports Calcio MercatoThe 40-year-old is out of contract at Juventus at the end of this month and had been expected to retire from professional football at the end of this season.However, Buffon held a press conference last month and announced that he would be leaving Juventus after 17 years and confirmed that he had retracted his decision to retire this year.The 2006 World Cup winner has received a numerous amount of offers and is now set to complete his free transfer to PSG this week with an announcement expected either on Tuesday or Wednesday.Fiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.The move will likely see current PSG number one Areola being relegated to the bench, who has now accepted the likely hood of his “idol” joining the Ligue 1 champions.“Buffon is my idol and I could find myself working with him, we’ll see what happens,” he told Telefooot.Reports state that Buffon has agreed to a two-year contract that will see him earn €7m per season plus bonuses and will allow him to take on an ambassadorial role for the 2022 World Cup in Qatar.
Mauricio Pochettino admits his side’s performance was not up to standard despite beating rivals Manchester United 3-0 at Old Trafford.The Argentine boss doesn’t want his side to get carried away with a result like against Man United, saying they are going to ‘crash’ if they do so.“My mood wasn’t great, I was so disappointed [after Old Trafford],” he explained, as quoted by the Guardian.“We need to improve our performance. I wasn’t happy with the first half.“We need to talk about reality, not perception, and the reality was that in the first half we could concede one, two or three goals.“The team showed character and in the second half we dominated but if we want to fight for big things, it’s about trying to improve.Vidic: “Ronaldo is the most professional footballer I’ve seen” Andrew Smyth – September 14, 2019 Nemanja Vidic opened up on how a 21-year-old Cristiano Ronaldo’s professionalism left him stunned at Manchester United.“After three games, Watford are over the moon and if we’re not ready and we believe that because we beat Manchester United 3-0, all is fantastic, we are going to crash.“It’s easy to talk about perception.“When you’ve beaten Manchester United 3-0 in Old Trafford, a historic victory, it’s easy to say our performance was fantastic and they were not so good.“But when you watch the game again, the line was very thin. In our last three games, we’ve conceded a lot of chances and Hugo Lloris made an unbelievable save to keep us alive at Old Trafford.“We need to show we are capable over 10 months, not after three games.”
Everton boss Maco Silva has allowed Kieran Dowell to join Sheffield United on loan for the rest of the season but said the club would fight to keep hold of Idrissa Gana Gueye even as Paris Saint-Germain targets him.When asked about the PSG interest on the defender, Silva said as was quoted in the Guardian.“I have heard nothing about that but Gana is an important player for our squad,” Silva said.Premier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“We don’t want to lose him.”Silva doesn’t plan for a busy transfer window but prefers to conduct business in summer.“January is always a difficult market; sometimes you only need it if you have a bad injury or something special happens. The perfect decision would be one player to come and improve our squad but we have to be 100%, or at least 95%, sure that the signing would make an improvement,” Silva added.
Facebook Twitter Google+LinkedInPinterestWhatsApp Georgetown, Guyana June 7, 2017 – The Caribbean Community (Caricom) has reaffirmed its support of the Paris Agreement on Climate Change following the US decision to withdraw from the accord. US President Donald Trump announced the withdrawal last Thursday saying that a renegotiation of terms was in the works. The US is one of only three countries not to sign the agreement which seeks to reduce greenhouse gas emissions globally. The decision is unpopular both within and outside of the US. Individual US states are working to comply with the accord outside of the federal government.In a statement, Caricom Chairman and Guyana President David Granger said although Caricom was disappointed by the withdrawal, the region remained encouraged by the many nations who have signed the agreement. “The need for global action to combat this phenomenon is past urgent…Our own commitment will never waiver. Our existence is at stake,” he said. Granger added that Climate Change is an “existential threat” to the Caribbean which is made up of Small Island and Low-Lying Development States or SIDS. He also noted that the Paris Agreement on Climate Change was “more than just another international agreement on another complex international issue.” According to Granger, “it reflects the acknowledgment and acceptance that climate change is a global issue requiring global solutions.”Individual nation states have also denounced the decision. The Bahamas Ministry of Foreign Affairs said the withdrawal was a cause for concern and pledged to continue working towards ending Climate Change.#MagneticMediaNews#ParisAgreement #ClimateChange Bahamas to take 15-member delegation to CARICOM meeting set in Mo’Bay, Jamaica Recommended for you CARICOM Inter-Sessional Meeting discussions conclude on high note Related Items:#magneticmedianews, CARICOM, climate change, donald trump, Paris Agreement Facebook Twitter Google+LinkedInPinterestWhatsApp UN SG is Special Guest at Opening Ceremony for CARICOM Heads Meeting Wednesday
WILMINGTON, MA — State Representative Ken Gordon (D-Bedford), who represents Precinct 3 in Wilmington as well as all of Burlington and Bedford, will host his upcoming office hours on Saturday, September 7, 2019, from noon to 1pm, at As Good As It Gets (35 Lowell Street) in Wilmington.Gordon will be available to answer questions and to listen to concerns and ideas from constituents of the district. To reach the representative directly, please call his State House office phone number, (617) 722-2017, or send an email to Kenneth.Gordon@mahouse.gov.(NOTE: The above announcement is from State Rep. Ken Gordon’s Office.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email email@example.com.Share this:TwitterFacebookLike this:Like Loading… RelatedState Rep. Ken Gordon To Hold Office Hours On June 15 At As Good As It GetsIn “Government”State Rep. Ken Gordon Provides Updates On State Budget; New Shuttle Bus Service; Hanscom Air Force Base & MoreIn “Government”State Rep. Ken Gordon Announces He’s Running For Re-ElectionIn “Government”
Ratha Yatra, the chariot festival of Sri Jagannath Dev and one of the major festivals of the Hindu community, will begin tomorrow.The festival will come to an end with Ulto Ratha Yatra (reverse journey) on 3 July.In observance of the festival, different religious bodies and temple committees have drawn up various programmes. The International Society for Krishna Consciousness (ISKON) has chalked out a nine-day programme in Dhaka.The country’s largest Ratha Yatra festival will be held at Dhamrai in Manikganj district.The programmes of the festival begins in the morning with rendering of Harisangkirtan, holding of Agnihotra Jagna seeking world peace and people’s welfare, recitation of verses from Srimat Bhagabat Geeta, distribution of mohaprosad, discussion, rendition of padaboli kirtan and arati, cultural function, staging of religious drama and screening of religious films.The programmes of the ISKON at Swamibag in Dhaka starts with holding of Agnihotra Jagna seeking divine blessings for world peace and people’s welfare. At noon, a discussion will be organised on its premises.Civil aviation and tourism minister Rashed Khan Menon will attend the discussion as the chief guest.Indian High Commissioner in Dhaka Harsh Vardhan Shringla will formally inaugurate the festival there by lighting “Mongol Pradeep” (lamp of welfare) after the discussion.Later in the afternoon, a colourful procession will be brought out from Swamibagh setting images of Sri Jagannath Dev, his brother Sri Balaram and sister Srimati Subhadra on three largely build Rathas (chariots).Then the devotees will pull the ropes of the chariots through Tikatuli, Ittefak intersection, Shapla Chattar, Dainik Bangla, Purana Paltan intersection, National Press Club, High Court crossing, Doel Square, Dhaka University TSC, Jagannath Hall, Palashi Crossing and rounded up the Ratha Yatra on the premises of the Dhakeswari National Temple.Besides, the Rathjatra festival will also be celebrated at Ramseeta Mandir at Joikali Mandir Road, at Shankharibazar and Jagannath Jeo Mandir at Tantibazar in old city and other places across the country.The Traffic Division of Dhaka Metropolitan Police (DMP) requested the vehicle drivers to use diversion roads for the sake of smooth and peaceful holding of Ratha Yatra.
Explore further More information: The gravity tunnel in a non-uniform Earth, Am. J. Phys. 83, 231 (2015); dx.doi.org/10.1119/1.4898780 . On Arxiv: arxiv.org/abs/1308.1342AbstractThis paper examines the gravity tunnel using the internal structure of Earth as ascertained from seismic data. Numerically, it is found that the time taken to fall along the diameter is 38 min, compared to 42 min for a planet with uniform density. The time taken to fall along a straight line between any two points is no longer independent of distance but interpolates between 42 min for short trips and 38 min for long trips. The brachistochrone path (minimizing the time between any two points) is similar in shape to the uniform-density solution but tends to reach a greater maximum depth and takes less time to traverse. Although the assumption of uniform density works well in many cases, the simpler assumption of a constant gravitational field serves as a better approximation to the true results. Are astronauts really weightless? A composite image of the Western hemisphere of the Earth. Credit: NASA (Phys.org)—Alexander Klotz a student at McGill University in Canada has calculated a new answer to the commonly asked physics question, how long would it take a person to fall all the way through the Earth? Instead of the commonly accepted 42 minutes, he claims it is 38. He has published his reasoning, math and conclusions in a paper published in The American Journal of Physics. © 2015 Phys.org Journal information: American Journal of Physics If someone were to drill a hole all the way through the planet, and then somehow manage to fall into it, how long would it take them to arrive on the other side? That is a physics question put to students every year, and those who give it expect the answer to be 42 minutes. But is that answer correct? Klotz says no and has the math to prove it, Science reported.The accepted answer of 42 minutes takes into account the constantly changing impact that gravity will have (and ignoring drag due to the presence of air) on the person falling, becoming less and less of a factor as the center of the Earth is approached then growing stronger and stronger as the person heads “up” against gravity on the other side. It is accepted that the speed attained during the descent on the first half of the journey would be significant enough to cause the person to continue moving against gravity on the other side of the planet, right up until the surface is reached.But Klotz argues that it is time to start taking the different densities of the Earth’s layers into consideration—after all, a lot of research has shown that our planet is a lot denser at the center than at the crust for example—and that of course would have an impact on the person falling through. He has used seismic data to calculate the different densities at different depths and has used that data to give a more accurate answer to the falling man question, stating that it would in fact, take just 38 minutes (and 11 seconds) to fall all the way through, not 42 and (12 seconds).Interestingly, Klotz also notes that if gravity were to be assumed to be at a surface level constant throughout the duration of the trip, the math shows it would take just 38 minutes as well. , Science , arXiv Citation: New way to calculate how long it would take to fall through a hole in the Earth (2015, March 26) retrieved 18 August 2019 from https://phys.org/news/2015-03-fall-hole-earth.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Kolkata: The Calcutta High Court on Friday refused to stay the election for the Mayoral post in Kolkata Municipal Corporation, which will be held on Monday, December 3. KMC chairperson Mala Roy held a meeting with the councillors and urged them to be present for the voting and use their democratic rights. 114 out of 122 elected councillors of Trinamool Congress attended the meeting.It may be mentioned that Firhad Hakim, who holds the post of state Urban Development and Municipal Affairs minister, has been chosen as the Mayor designate by the councillors of Trinamool Congress, following former Mayor Sovan Chatterjee’s resignation from the post. Also Read – Rain batters Kolkata, cripples normal lifeCPI(M) councillor Bilquis Begum had moved the High Court, challenging Hakim’s election on the ground that he was not an elected councillor from any of the wards of the civic body. Justice Debangshu Basak on Friday directed the state and KMC to file affidavits in opposition to the petition of the CPI(M) councillor and said that the matter will be further heard on December 17. The petitioner has challenged the Kolkata Municipal Corporation (Second Amendment) Bill, 2018, which was passed by the state Assembly recently. It has also received the assent of the Governor, which allows a person who is not an elected councillor, to be made a Mayor of KMC. The person, however, would have to be elected within six months, in order to continue in the post. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed”Some of the councillors could not turn up today (Friday) because of ill health and two of them are presently abroad. But all of them are expected to attend the elections on Monday, which will be held from 1 to 2.30 pm,” said Roy. When asked whether Sovan Chatterjee, who is a councillor of ward 131, will turn up for voting, Roy said: “The message regarding the elections has been passed to all the councillors.” There will be four booths where councillors will be voting. The oath-taking ceremony of the Mayor is also expected to take place on Monday after the announcement of the results. Mina Debi Purohit from BJP will contest against Hakim for the Mayoral post, while Left Front and Congress have announced that they will boycott the voting.
April 10, 1998Installing the main water pipe for the East Crescent in the Heat Duct Tunnel.
Share15TweetShare3Email18 SharesNovember 3, 2016; Next CityA new report from the Terner Center for Housing Innovation at UC Berkeley is generating some buzz in the rental advocacy world. The report “costs out” the Federal Assistance In Rental (FAIR) program, which would provide a tax credit to lower income households that are rent burdened, which means “paying more than 30 percent of their income for rent and utilities.” (The report does not specify whether gross or net income is used in the calculation.) The report offers three options for a renter tax credit that could expand resources going to rental households while reducing the outlays for existing subsidy programs.The Rent Affordability option would make up the difference between a household’s rent and the HUD-established Small Area Fair Market Rent so that the household pays no more than 30 percent of its income in rent. Any household that is below 80 percent of Area Median Income (AMI) and rent burdened would be eligible. To provide full coverage for 13.3 million households, the report estimates a cost of $76B, but notes that some of the cost could be offset by reduced spending for housing choice vouchers and homeless services.The Rent Reduction option would provide a credit to more families, 15.1 million, but credits would be capped at a lower level of 12 to 33 percent of rent. While this plan would leave households with some rent burden, nearly all renters making less than 80 percent of AMI would receive some financial relief. Rent Reduction option would be much cheaper ($41B) than the Rent Affordability option.A Composite plan would offer the Rent Reduction option to the majority of households and the more ambitious Rent Affordability option to a smaller number of extremely low-income families. The composite plan would assist 15.1 million households at a cost of $43B. To address the problems reaching extremely low income households, the credit in the Composite plan could be provided to landlords, more like a housing choice voucher.Anticipating some “sticker shock,” the Terner study’s authors, Carol Galante, Carolina K. Reid, and Nathaniel Decker, offer some suggestions for implementation that might lower the cost. However, they caution that these restrictions could undermine the savings that could be realized in existing programs. Interestingly, the study has suggested a pilot project to assess how the FAIR plan would impact families and housing markets. The idea of test-driving a radical new policy makes some sense since there may be cost savings from a reduction in eviction and an enhancement of household mobility. A pilot might give some clues about whether a renter subsidy would improve or degrade housing quality standards. Would the absence of regulatory standards lead tenants to choose lower quality units, or would households use their enhanced “buying power” to choose better quality units? Probably some of both.There are five good reasons for the new Congress and the president-elect to consider a renter’s tax credit.Rents continue to rise faster than tenant incomes, causing rent burden for half of the renter households in the U.S.Cost of a renter tax credit could be offset by a decrease in the mortgage interest deduction credit, which goes to the wealthiest property owners.Because of funding restrictions, only about one-fourth of households who are eligible to receive a federal housing subsidy are actually receiving help. A tax credit would go to all eligible renters. The Fair Plan would cover roughly three times the households currently receiving federal assistance through public housing, housing choice vouchers, and project-based rental assistance.Unlike existing subsidy programs, tax credits would be cheaper to administer than existing housing programs, which have volumes of regulations that are administered by thousands of private landlords and public housing authorities.Republicans in Congress seem to be more favorable to tax credits than appropriations (spending). Consider Low Income Housing Tax Credits and Earned Income Tax Credits.Administrative savings from a simpler administration does not mean administration is simple. Even though a renter’s tax credit could reduce lots of bureaucracy, the IRS would need to figure out the right level of support for each household based on household income, the amount of rent they pay, and the fair market rent in their community. That’s a lot of math. Then too, Congress would need to figure what to do for households that don’t file income taxes or households that have less conventional living situations. Finally, there would need to be a way for households to receive their credit monthly in order to pay rent. Usually, tax credits come annually. At least initially it could be hard for a household to figure out what level of subsidy they are likely to receive, making it hard to make reasonable choices. One can imagine a new cadre of “navigators” like those created for the implementation of the Affordable Care Act.Under a system of renter tax credits, tenants would need to become their own inspectors, financial managers, and code enforcers. No one from government will be checking for housing quality standards, rent reasonableness, or unconscionable lease provisions. That could mean tenants would need more reliance on private counselors and legal services agencies for support when things go wrong in the landlord-tenant relationship. On the other hand, tenants with a renter tax credit would not face the roadblock of discrimination based on source of income.It is hard to assess the likelihood of a renter tax credit in the near future. Tax reform seems to be on the short list for congressional action in 2017, but, as usual, rental housing is not high on the agenda. The FIRED (Finance, Investor, Real Estate, Developer) lobbyists will be opposed to shifting tax benefits away from wealthy property owners to tenants. Still, the concept has been endorsed by a wide variety of groups and rental tax credits could meet some objectives of Republicans who know they need to govern, not just obstruct. Many in Congress represent low-income renters who are expecting something tangible in return for their support for President-elect Trump. Others in Congress might see renter tax credits as a counter to the wave of rent control measures bubbling up from local areas. Time will tell.—Spencer WellsShare15TweetShare3Email18 Shares
The European Broadcasting Union (EBU) has signed an occasional use capacity deal with SES for contribution and distribution of the 2011 Pan American Games taking place in Guadalajara, Mexico.The EBU is using over one transponder of C-band capacity on SES’ NSS-806 to bring the international sporting event to fans across Latin America and parts of Europe. It is also using uplink services at SES’ teleport facility in Manassas, Virginia, as part of its global distribution strategy behind the Pan American Games.
Curt MarvisYouth broadcaster The QYou is launching a fully localised version of its channel for the first time – in the Polish market in partnership with Mediakraft TV.The QYou Polska will launch on Play’s over-the-top service, Play Now, will feature Polish presenters and regional content from Mediakraft TV’s stable of entertainers and creators.“When QYou first entered in Poland last year it quickly became clear to us that this was a region with huge growth potential, because there’s a strong demand for online video, particularly among younger audiences,” said Curt Marvis, CEO and co-founder of QYou Media.“Partnering with Mediakraft TV gives us the opportunity to tap into this appetite and build a channel focused on Poland’s unique and fascinating culture. The rising interest in online video is now driving a greater demand from broadcasters to regionalise content and it’s therefore an offering we expect to replicate in other markets in the coming months.”Mediakraft TV is the Polish subsidiary of European multi channel network, Mediakraft Networks, and produces many popular YouTube creators and channels in Poland – including Ponki, Topowa Dycha, and Hasztagi.Polish mobile operator, Play, launched mobile TV service Play Now last year. The QYou Polska is due to go live on the service in late 2017.
This chart makes clear the current dramatic undervaluation of gold stocks. As a group, gold producers are now selling below their book value. The chart doesn’t show it, but gold stocks were trading above book value (about 1.1x) when gold bottomed at $255.95 on April 2, 2001, which was the beginning of the bull market. Here’s an even more dramatic fact: We went back as far as 1997 and could not find one episode where gold producers as a group traded below book value – and the late ’90s was known as the “nuclear winter” for the gold mining industry! Needless to say, we’re in rare territory. So does this mean we should buy now? To be sure, book values fall when precious metals prices decline, and costs have risen substantially since 2001 as well. So it’s possible values could fall further. But in that scenario the relationship between stock prices and book value would remain in rarified territory, making the anomaly even more appealing to a contrarian investor. While the waterfall decline in gold stocks is painful for those of us already invested, the reality is that this is a setup we get a shot at only a few times in our investing life. It’s a cruel irony that those who are fully invested are now faced with the buying opportunity of a lifetime; however, it would be a shame for anyone to miss this blood-in-the-streets opportunity. Our future profits should be higher by an order of magnitude, when the market does turn around. It’s times like these when I remember what Doug Casey told me the first time I interviewed him: “You don’t make money buying when you’re optimistic. You have to actually run completely counter to your own emotional psychology.” The extent to which each of us is able to take advantage of the opportunity shaping up is of course dependent upon our personal set of circumstances. For some, this might mean doing nothing; for others, it might mean being bold for the first time in their life. I suspect most readers fall somewhere in between. Either way, the opportunity is clear: book values for gold producers are at rarely seen levels. Gold stocks may not reverse tomorrow or could get even cheaper when producers start reporting this quarters financial results, but history shows this opportunity will not last forever. It will probably never occur again in this cycle, once gold turns – and it should be fantastically profitable. Gold stock investors have been pummeled, including myself. Worse, we’ve had to hear “I told you so” from all the gold haters in the media. There are a few commentators expressing mild interest in gold at these levels, but one thing I haven’t heard any of them talk about is a metric that gold analysts are rarely able to use, because gold stocks just don’t get this undervalued. Mainstream analysts sometimes talk about book value, especially when a stock appears cheap. Book value (BV) is a metric that, in essence, sets the floor for a stock price in a worst-case scenario. BV is equal to stockholders’ equity on the balance sheet, and is the theoretical value of a company’s assets minus liabilities – sometimes you’ll hear this called “net asset value” (NAV). So when a stock price yields a market capitalization (share price x number of shares outstanding) equal to BV, the investor has a degree of safety, because if it dropped lower, a buyer could theoretically come in, buy up all shares, liquidate the company’s assets, and pocket the difference. Price to book value (P/BV) shows the stock price in relation to the company’s book value. A stock can be considered “cheap” when it is trading at a historically low P/BV. Or, even better, it can be considered objectively ” undervalued” when it is trading below book value. Given the renewed selloff in the gold market, I wanted to see if gold equities were getting close to book values, not just because it would point to opportunity but also the margin of safety it would imply. We analyzed the book value of all publicly traded gold producers with a market cap of $1 billion or more. The final list comprised 31 companies. We then charted book values from January 1, 2007 through last Thursday, June 27 (index equally weighted). Here’s what we found. Based on this metric, gold stocks are now cheaper than they were at the depths of the 2008 waterfall selloff. If you’ve been on the fence about whether or not to give BIG GOLD or International Speculator a try, the July issues for both come out this week. We can tell you exactly which companies to buy and also which have the most upside potential. Your timing, in retrospect, could turn out to be one of the great investing decisions of your life.
A pharmacist in Celina, Tenn., was one of 60 people indicted on charges of opioid-related crimes this week, in a multistate sting. John Polston was charged with 21 counts of filling medically unnecessary narcotic prescriptions. He was also Gail Gray’s pharmacist and the person she relied on to regularly fill her opioid prescriptions. “I take pain medicine first thing in the morning. I’m usually up most of the night with pain,” she says. “I hurt all the time.”Living in a mountainous community on the Tennessee-Kentucky line, Gray has coped with a degenerative disk disease for more than 15 years, requiring multiple back surgeries. She says the chronic pain is totally debilitating without powerful opioids. But with her druggist shut down, her high-dose prescriptions have been questioned by the other pharmacy in town.”They wouldn’t take me because I was red-flagged on my dose,” she says.The dozens of indictments across Appalachia this week left thousands of patients who are dependent on opioids to function on a daily basis scrambling, from Ohio to Alabama. Over 50 of those indicted were doctors, nurses or other medical professionals. So as agents were in the field making arrests, the Justice Department also coordinated with local agencies to deploy health workers to look for desperate patients.U.S. Assistant Attorney General Brian Benczkowski says the enforcement was coordinated with health agencies and addiction treatment providers. “That plan is designed to ensure that affected patients have continued access to care and are, at the same time, directed to legitimate medical professionals in the area,” he said at a press conference in Cincinnati on Wednesday. Amid an ongoing crackdown on overprescribing doctors in Appalachia announced in October, patient advocates have been increasingly concerned for pain patients and those abusing prescription drugs. Being suddenly cut off from medications they depend on can be dangerous. Patients could become so desperate from withdrawals that they may resort to street drugs and could overdose.But this time, in Tennessee, the health department is working to connect people who need pain treatment to legitimate pain clinics. And the substance abuse department began plastering messages online just as the indictments were unsealed, giving patients a hotline to call.”This is the first time that we have had this type of heads-up,” says Marie Williams, who oversees Tennessee’s substance abuse agency. With previous stings that resulted in the closure of pain clinics, Williams says, her staffers have gotten maybe one day to prepare. This time, it was nearly a month. Overdose prevention specialists have been deployed to train families on how to use reversal drugs like Narcan. They’ve also been taping up flyers on shuttered clinic doors.Williams says she hopes many who may have become addicted to painkillers will see the loss of their opioid supplier as a turning point. “This is an opportunity to really change your life and get to be the person that you really want to be,” she says. One of medical practices shuttered by the federal takedown is in the small town of Carthage, Tenn. Dr. Bowdoin Smith is charged with prescribing controlled substances without a legitimate medical purpose. Suzanne Angel is a state-funded outreach nurse in the area who is helping contact patients in wake of the crackdown. She has been warning local hospital and emergency responders to be on alert for patients who may act out of desperation to find addictive narcotics or who may even be suicidal. This month, the Food and Drug Administration has acknowledged the risk of serious harm for patients who are abruptly taken off opioids and issued new guidance to prescribers for how to safely taper patients off high dosages of opioids.”I’m sure that they feel depression, despair, maybe anger and fear about ‘who is going to take care of me?’ and ‘is there going to be any support or services out there for me?’ ” Angel says. “I don’t want them to feel alone.”Angel says there are now more alternatives to opioids, and it’s possible patients could find another pain clinic. Because of the current legal focus on opioids, it can be much harder to obtain heavy dosages. And among the thousands of patients getting their medication through questionable providers, many have very legitimate needs. “I’ve tried therapies. I’ve tried injections. I’ve tried several different things,” says Gail Gray. “We didn’t just start off taking opiates.”Gray found a new pharmacy, though it means driving to the next county. She expects it won’t be long before she’s shopping for help again. “We’re being punished for people that do abuse drugs,” she says. “The chronic pain patients are being punished for it.” Copyright 2019 WPLN. To see more, visit WPLN.