Chevrolet Skip survey header BMW Ford View Results Friendlies Eric Johanna extends Harambee Stars goal tally Elvince Joshua Last updated 2 years ago 15:49 9/3/17 FacebookTwitterRedditcopy Comments(0) Goal Kenya. Friendlies Mozambique v Kenya Mozambique Kenya The 2015 Kenya Premier League midfielder of the year – first scored against Mozambique in a 1-0 win on Nov. 12, 2016 Sweden-based Eric Johanna took his goal tally to three with a late goal for Harambee Stars in a 1-1 draw against Mozambique on Saturday.Johanna, who has eleven caps with the national team, made his senior debut on July 4, 2015, against Ethiopia at the Nyayo Stadium.But the former Mathare United midfielder had to wait until June 4, 2016, for his maiden goal for Stars, when he scored the winner for Kenya in a 2-1 victory against Congo Brazzaville in an Africa Cup of Nations qualifying match at Kasarani Stadium. Article continues below Editors’ Picks Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina The last two goals for the 23-year-old, who turns out for Swedish Third Division side Vasalunds IF, however, came against a familiar opponent, Mozambique.The 2015 Kenya Premier League midfielder of the year – first scored against Mozambique in a 1-0 win on November 12, 2016, during a friendly staged at Kasarani.Almost a year down the line, he completed his double against the same opponents in another friendly, when he hit home Kenya’s equalizer in the 85th minute to cancel out Domingues Pelembe’s 59th-minute goal in Maputo.The friendly was a build up to the second match of the 2019 Afcon Qualifiers against Ghana scheduled for March 2018 in Kenya. Audi Hyundai Nissan Toyota 1. Which car brand do you most associate with football?
About the authorPaul VegasShare the loveHave your say Man Utd boss Solskjaer: Angel Gomes deserved chanceby Paul Vegas10 months agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer says Angel Gomes deserved his chance last week.Gomes featured in victory over Huddersfield.Solskjaer said, “It sends a signal to the boys that ‘you are close’, because they are. “They’ve done really well in training. When you get the chance to put a player out there for 15 minutes at Old Trafford to give him that experience, Angel was, of course, the one I wanted to put on. And we probably would have still done it if we’d needed a goal, as well, because he’s that sharp.”
About the authorCarlos VolcanoShare the loveHave your say Napoli goalscorer Fabian Ruiz: Coppa Italia important for fansby Carlos Volcano9 months agoSend to a friendShare the loveNapoli goalscorer Fabian Ruiz was delighted with victory over Coppa Italia opponents Sassuolo.He scored the second goal in a 2-0 victory, setting up a quarter-final date with Milan.“We know this is an important competition for Napoli, that this was a difficult game, but we did well,” the Spaniard told Rai Sport.“Now we have to focus on Sunday and the return of Serie A. Lazio are close to us and very ambitious, but we are on home turf and want to make the most of it.“The Coach has faith in me, so do my teammates and I have to keep working hard to earn my place.”
WASHINGTON — U.S. home construction improved a slight 1.5 per cent in October, but in a troubling sign, ground breakings for single-family houses fell.The Commerce Department says housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in September. The gains came entirely from apartments as starts for single-family houses slipped 1.8 per cent last month.A sharp increase in mortgage rates has led to a marked decline in home construction since May, such that ground breakings have fallen 2.6 per cent over the past 12 months.The average 30-year fixed rate mortgage has shot up a full percentage point in the past year to 4.94 per cent, according to Freddie Mac.Permits, an indicator of future activity, declined 0.6 per cent to an annual rate of 1.26 million.Josh Boak, The Associated Press
Kolkata: Are you worried about the effects of harsh chemicals found in the colours that we use to play Holi?The city-based doctors have prescribed some guidelines on how to play a safe Holi without causing damage to the skin, eyes and hair. Holi is the festival of colours and people love to spend the day by rejoicing and merrymaking. Dr Madhumita Bhattacharya, consultant, department of dermatology at a private hospital in the city, shared effective tips to avoid the side-effects of the chemicals found in colours. Here are some tips to help you take some precautionary measures for a beautiful Holi. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja Dr Bhattacharya said the amount of colours and water one uses during Holi can have a serious toll on your skin unless you are well-prepared in advance. So, here’s what you should do before stepping out of your house. Dr Bhattacharya suggests you should rub ice cubes on your face which will help to close pores on your skin and ensure colours don’t seep into your skin and cause breakage. One should apply oil on your face. Those who have dry or normal skin, can apply oil on their face and body. Oil will keep your skin moisturized all along. People can use coconut oil, castor oil and olive oil for this purpose, she said. One should also use a waterproof sunscreen to protect your skin from the sun. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe doctors suggested the women to apply nail paints before playing Holi which can be removed later. People are also advised to drink lots of water before playing Holi. It keeps one hydrated and will provide energy. The doctor said one should wear sunglasses and remove contact lenses before going outdoors. If colours enter the eyes one should immediately rinse with cold water. Dr Bhattacharya said one should avoid scented or perfumed colours as they might cause allergies. One should wear dark full sleeves cotton clothes which will cover the whole body and can protect from harmful colours. She also urged people to use organic colours. After playing Holi, people should use a mild soap to remove the colours from their skin and use baby shampoo to wash their hair followed by conditioner. One should strictly avoid the use of kerosene, petrol and spirits to remove stains as they will damage the skin.
OSU coach Kevin McGuff yells during a game against Nebraska on Feb. 18 at the Schottenstein Center. OSU won, 96-70. Credit: Samantha Hollingshead | Photo EditorA road matchup against No. 20 Michigan State (22-7, 13-4) was how the No.5 Ohio State (23-6, 15-3) women’s basketball team would end its regular season, and it surely was a thrilling conclusion. After losing to Minnesota just three days ago in overtime, the Buckeyes once again needed extra time to try and secure a win. However, they fell to the Spartans in not one, not two but three overtime periods, 107-105, on Saturday in East Lansing, Michigan. Despite the loss, sophomore guard Kelsey Mitchell set a single-game scoring record for OSU after dropping 48 points. Senior guard Ameryst Alston added 19 points and seven assists. It was Michigan State’s senior day, making it the second game in a row that the Buckeyes would battle against an opponent honoring its seniors. The inspired Michigan State roster followed the same strategy that Minnesota set in place against OSU by coming out in a zone defense. After facing a zone the past few games, though, the Buckeyes started to find a flow, moving the ball around the court and being patient until they found the shot they were looking for. The first half was bundled with highlight action from both squads, but neither team was able to take advantage of opportunities that were presented. At the halfway mark, the Buckeyes and Spartans were knotted up at 34 apiece.As could be expected from the matchup between ranked conference foes, the lead was exchanged multiple times between the two teams, with a total of 22 lead changes and 16 ties by the final buzzer. The Spartans came out of the locker room for the second half fired up, willing to do whatever it took so that OSU wouldn’t be able to celebrate a win on their home court, on their senior day.Michigan State swarmed the Buckeyes on the defensive end at the beginning of the second half, forcing five turnovers in a 2:18 stretch, then making OSU coach Kevin McGuff take a timeout to allow his team to regain composure with 6:08 to play in the third quarter.The Buckeyes would finish the game coughing up the ball 25 times, allowing the Spartans to score 18 points off those mistakes.Back and forth the two teams went until the final media timeout of the fourth quarter when the action began to get interesting.At the timeout, the score was knotted up at 63. With the Spartans controlling the final few minutes of play, the Buckeyes had a tough time regaining the momentum to help put them ahead.Down two points with under a minute to play and the game clock ticking down, Mitchell tied it up after making a nifty spin move in the paint and floating the rock through the net. With 25 ticks remaining, the teams were leveled at 72. Michigan State would not have to worry about the shot clock in the final seconds, but redshirt junior Ariel Powers, who has been the Spartans’ main scorer all year, missed the potentially game-winning pull-up jump shot, pushing the game into overtime.The continued exchanges for the lead continued in the extended time, and with 11 seconds left the Buckeyes thought they had the road win wrapped up with a two-point lead. They were wrong.Senior center Jasmine Hines, who finished the game with a career-high 36 points to make for an impressive senior day showing, would answer for the Spartans and tie the game, moving it to another bonus period.The second overtime was controlled by the Buckeyes; receiving contributions from Mitchell, Alston and sophomore guard Asia Doss. The defensive specialist Doss made a huge steal for her team and scored on the other end to put OSU ahead 92-88, but it was immediately was answered by Spartan redshirt sophomore guard Branndais Agee on a 3-pointer.Alston went to the charity stripe after getting fouled off the inbound, where she knocked down both and regained the three-point lead for the visitors.Michigan State coach Suzy Merchant then drew up a play during a timeout, which her team executed to perfection, as junior guard Tori Jankoska drained one from downtown to tie it up 94-94 with 11.1 seconds on the game clock.The Buckeyes put the ball in Mitchell’s hand for the final shot. Dribbling down the floor, the sophomore made a move to the left wing, but after being unable to create space for a shot, she looked to kick out to Alston. But the pass went awry, flying out of bounds.Triple overtime was next on deck.In the third and final overtime period Michigan State would dig down, eventually coming out on top when time expired. Jankoska was the hero yet again for the Spartans, knocking down her three free throws at the end to get the two-point lead and victory.Mitchell’s 48-point performance led all scorers, but with Alston and junior forward Shayla Cooper having a tough time from the field, Mitchell had no choice but to attempt to put the team on her back down the stretch. The Cincinnati native showcased her seemingly unlimited range and speed on the fast break, which she utilized to get to the basket and finish with contact. Mitchell is in the conversation for the national player of the year award, as she is averaging 24.5 points per game and continues to be the go-to option for the Buckeyes.Powers, who is also a nominee for the player of the year award for the 2015-16 season, had an impressive all-around performance, despite being quiet in the first half as she struggled to find her groove from the start.On Saturday, Powers showed that she can do it all, finishing with 23 points, 16 rebounds and nine assists. Before their next game, the Buckeyes will have to play the waiting game to see which team they will be playing in their first game of the Big Ten conference tournament. They will also have to wait to learn their seed in the tournament. A win Saturday would’ve locked up the top seed and a share of the Big Ten title, but instead a Maryland win over Minnesota on Sunday would give the Terrapins the outright title.Last year, OSU fell in the championship game of the tournament against that Maryland team, and it will look to flip the script this year in Indianapolis. Its quarterfinal matchup is set for Friday.
A national football powerhouse such as Ohio State expects to win every game. This is a stark difference from the aura that surrounds the Eastern Michigan program. The Eagles have lost 15 straight games. In the time since Eastern Michigan’s last victory, Barack Obama was inaugurated, LeBron James “took his talents to South Beach” and the Jersey Shore became a popular tourist site. The last time OSU lost consecutive games was in 2004, when they lost to Northwestern, Wisconsin and Iowa. That was the last season in which OSU did not play in a BCS bowl game. Safety Tyler Moeller doesn’t care that Eastern Michigan has not won since Nov. 28, 2008. “Any team can beat us any day,” Moeller said. “Ohio University proved that in 2008. They gave us a great game. We need to play our game every week and not let go of the throttle.” Are the Eastern Michigan Eagles really as bad as they seem? The team is led by senior linebackers Neal Howey and Tim Fort, who are both in the top five in tackles in the Mid-American Conference. Second-year coach Ron English, former defensive coordinator at Michigan under Lloyd Carr, leads a team that is predominately underclassmen. “He knows us better than his players know us, having been on Lloyd’s staff for all those years, coaching the secondary there at Michigan, and he knew the challenge when he took over,” said OSU coach Jim Tressel. Five of Eastern Michigan’s 15 consecutive losses have come in games decided by a touchdown or less. The Eagles’ losing streak is currently second behind Western Kentucky’s 23-game drought. Despite the disparity in team success, the message in the OSU locker room is quite simple. “We can’t have any letdowns,” defensive end Cameron Heyward said.
Then-sophomore middle blocker Grayson Overman attempts to block an opposing spike during a match against Lewis March 4, 2011, at St. John Arena. OSU won, 3-0.Credit: Cody Cousino / For The LanternThe Ohio State men’s volleyball team is set to start the 2014 season in a location where the climate is quite the contrary to what Ohio has been facing lately.The Buckeyes are scheduled to travel to Honolulu for the fifth straight year to take part in the Outrigger Hotels and Resorts Invitational.In what marks the 20th anniversary for the tournament, No. 12 OSU is slated to take on top teams in No. 14 Hawaii, No. 7 UCLA and No. 11 Penn State.“The Outrigger Volleyball Invitational is one of the oldest non-conference tournaments in college men’s volleyball. It traditionally includes Hawaii and a team from the (Mountain Pacific Sports Federation), Midwestern Intercollegiate Volleyball Association) and (Eastern Intercollegiate Volleyball Association) in its four-team field,” said Nancy Daniels, the director of public relations for Outrigger Hotel and Resorts.The Buckeyes have made five appearances, Penn State has made 19 appearances with two titles, UCLA has made 13 appearances with a record eight titles and Hawaii has played in all 20 tournaments, winning six times, Daniels said.OSU is set to kick off play Thursday facing the host of the tournament, Hawaii. Hawaii leads the overall series with OSU, 3-1. The Buckeyes picked up their first win over the Rainbow Warriors last year, beating Hawaii in five sets during the first round of the 2013 Outrigger Hotels and Resorts Invitational. Friday, OSU is set to take on UCLA at 9 p.m. The Buckeyes are set to finish the invitational Saturday against Penn State at 9 p.m.The Buckeyes are coming off a 2013 season in which they finished 19-8 overall and 9-5 in MIVA conference play, good for third.OSU hosted the first round of the MIVA Tournament, falling in five sets to Grand Canyon. To end the 2013 season, OSU lost seven seniors, including experienced middle blockers John Tholen and Grayson Overman.In coach Pete Hanson’s 28th season at the helm, the Buckeyes are led by a pair of experienced redshirt juniors in setter Peter Heinen, opposite Andrew Lutz, junior outside hitter Michael Henchy and redshirt-junior middle blocker Shawn Herron.Upon returning from Hawaii, the Buckeyes are scheduled to take on Lees-McRae in Columbus, Jan. 17 at 7 p.m.
Serie C team Rimini is the first football squad in the world whose shares were bought with the cryptocurrencyItalian Serie C side Rimini is an old club with a lot of history, including being refounded three times.The newly-promoted side has made the news again, after being the first team in the world whose shares were bought with Bitcoin.The once-bankrupt club made the news on 2006 when they drew 1-1 against Juventus at Stadio Romeo Neri.Report: Juve loan out young midfielder Kastanos George Patchias – August 23, 2019 Grigoris Kastanos is the latest Juventus youth player to go out on loan.The Cypriot international midfielder arrived at Juventus at the age of 16…After that, the club has had many problems, with the board of directors just leaving the team to its fate.And now according to Football Italia, 25 percent of the club shares were bought by Heritage Sports Holding, using Bitcoin.The cryptocurrency has never been used to buy a football club before, and now the Serie C team can be on the history books again.Check out the following link: casinonutansvensklicens.com
FacebookTwitter Posted: March 18, 2018 KUSI Newsroom SAN DIEGO (KUSI) – A 63-year-old man remained hospitalized today following a stabbing in Sherman Heights.The injury was inflicted at about 8:30 p.m. Saturday in the 2200 block of Imperial Avenue.The victim was arguing with a 19-year-old man, according to Officer Robert Heims of the San Diego Police Department. During the argument, the latter is suspected of stabbing the former once in the left rib cage below the armpit, Heims said.The suspect then fled in an unknown direction. He was described as Hispanic, about 5 feet-8 inches tall, thin and wearing a brown jacket and gray hoodie.The victim was taken to a hospital with non-life-threatening injuries, Heims said. Man injured in Sherman Heights stabbing KUSI Newsroom, Categories: Local San Diego News Tags: Crime, sherman heights, stabbing March 18, 2018
Who Will Voters Pick For Best Rap Performance? Meet The GRAMMY Man: How GRAMMYs Are Made Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Brandi Carlile, H.E.R. To Play The 61st GRAMMYs 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Relive GRAMMY Week 2019 In Pictures Who’s Nominated For Song Of The Year? Who Will Voters Pick For Best Rap Performance? 61st GRAMMYs: Here’s Your Apple Music Playlist Willie Nelson takes home Best Traditional Pop Album at the 61st GRAMMY Awards Ana YglesiasGRAMMYs Feb 10, 2019 – 4:25 pm Willie Nelson won Best Traditional Pop Album for My Way at the 61st GRAMMY Awards. The country outlaw beat out the following albums: Love Is Here To Stay by Tony Bennett and Diana Krall, Nat “King” Cole & Me by Gregory Porter, Standards (Deluxe) by Seal and The Music…The Mem’ries…The Magic! by Barbra Streisand. On Feb. 6, 2019, the eight-time GRAMMY Winner was honored at the Recording Academy’s Producers & Engineers Wing 12th Annual Celebration at the Village Studios in Santa Monica, Calif., for his years of “artistic achievements and creative genius.”In addition to his eight wins, Nelson has been nominated a whopping 51 times. 61st GRAMMY Awards: The Full Nominees And Winners List Who Is Eligible For The Best New Artist GRAMMY? TLC Photo: Alison Buck/Getty Images Best New Artist Nominees Revealed | 61st GRAMMYs John BillingsPhoto: Jesse Grant/WireImage/Getty Images Cardi B, Post Malone Among 2019 GRAMMYs Performers Backstage At The 2019 GRAMMYs | Photo Gallery Cardi B, Post Malone Among 2019 GRAMMYs Performers Who Will Voters Choose For Best Alternative Album? John BillingsPhoto: Jesse Grant/WireImage/Getty Images Who Will Voters Choose For Best Alternative Album? Cardi BPhoto: Dan MacMedan/WireImage Lady GagaPhoto: Christopher Polk/Getty Images Kacey MusgravesPhoto: Kevin Mazur/Getty Images 2019 GRAMMY Awards Premiere Ceremony Artists React To Their 2019 GRAMMY Nominations Willie Nelson Wins Best Traditional Pop Album willie-nelson-wins-best-traditional-pop-album-my-way-2019-grammys Record Of The Year 61st GRAMMY Award Nominees Record Of The Year 61st GRAMMY Award Nominees Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images 2019 GRAMMY Awards Red Carpet Album Of The Year vs. Record Of The Year Explained Photo: Michael Loccisano/Getty Images Poll: Who Do You Want To See On The Red Carpet? John BillingsPhoto: Jesse Grant/WireImage/Getty Images Who Will Voters Pick For Best Rap Performance? Who Will Voters Pick For Best Latin Pop Album? Relive GRAMMY Week 2019 In Pictures Meet The GRAMMY Man: How GRAMMYs Are Made 61st GRAMMY Awards: Full Nominees & Winners List 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Poll: Who Will Voters Choose For Best Rap Album? Lady GagaPhoto: Christopher Polk/Getty Images H.E.R.Photo by Prince Williams/Wireimage Prev Next Who’s Nominated For Song Of The Year? Lady GagaPhoto: Christopher Polk/Getty Images 61st GRAMMYs: Here’s Your Apple Music Playlist Photo: studioEAST/Getty Images Kacey MusgravesPhoto: Kevin Mazur/Getty Images Email Backstage At The 2019 GRAMMYs | Photo Gallery 2019 GRAMMY Awards Red Carpet Willie Nelson Wins Best Traditional Pop Album For ‘My Way’ | 2019 GRAMMYs Who Will Voters Pick For Best Pop Album? 2019 GRAMMY Awards Premiere Ceremony TLC Photo: Alison Buck/Getty Images Facebook Who Will Voters Choose For Best Alternative Album? Album Of The Year Nominees | 61st GRAMMY Awards Who’s Nominated For Song Of The Year? Poll: Who Do You Want To See On The Red Carpet? 61st GRAMMY Awards: Full Nominees & Winners List TLC Photo: Alison Buck/Getty Images Who Is Eligible For The Best New Artist GRAMMY? Photo: Michael Loccisano/Getty Images Backstage At The 2019 GRAMMYs | Photo Gallery 61st GRAMMY Awards: Full Nominees & Winners List Photo: studioEAST/Getty Images 2019 GRAMMY Awards Premiere Ceremony Album Of The Year vs. Record Of The Year Explained Who Will Voters Pick For Best Latin Pop Album? News Who Will Voters Pick For Best Pop Album? Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Artists React To Their 2019 GRAMMY Nominations Who Will Voters Pick For Best Latin Pop Album? Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Album Of The Year Nominees | 61st GRAMMY Awards BTSPhoto: Kevin Mazur/Getty Images 61st GRAMMYs: Here’s Your Apple Music Playlist Relive GRAMMY Week 2019 In Pictures Twitter Kacey MusgravesPhoto: Kevin Mazur/Getty Images 2019 GRAMMY Awards Telecast | Photo Gallery Best New Artist Nominees Revealed | 61st GRAMMYs Cardi B, Post Malone Among 2019 GRAMMYs Performers Meet The GRAMMY Man: How GRAMMYs Are Made Artists React To Their 2019 GRAMMY Nominations H.E.R.Photo by Prince Williams/Wireimage Cardi BPhoto: Dan MacMedan/WireImage Who Is Eligible For The Best New Artist GRAMMY? Album Of The Year Nominees | 61st GRAMMY Awards 2019 GRAMMY Awards Red Carpet Best New Artist Nominees Revealed | 61st GRAMMYs 61st GRAMMY Awards Poll: Who Will Voters Choose For Best Rap Album? Who Will Voters Pick For Best Pop Album? Photo: Michael Loccisano/Getty Images BTSPhoto: Kevin Mazur/Getty Images Poll: Who Will Voters Choose For Best Rap Album? H.E.R.Photo by Prince Williams/Wireimage 2019 GRAMMY Awards Telecast | Photo Gallery Album Of The Year vs. Record Of The Year Explained 2019 GRAMMY Awards Telecast | Photo Gallery Photo: studioEAST/Getty Images Record Of The Year 61st GRAMMY Award Nominees 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Cardi BPhoto: Dan MacMedan/WireImage BTSPhoto: Kevin Mazur/Getty Images Poll: Who Do You Want To See On The Red Carpet?
Khaleda Zia.File PhotoBNP chairperson Khaleda Zia has been granted bail in both Zia Orphanage Trust and Zia Charitable Trust graft cases.Judge of Dhaka Special Judges Court-5, Akhtaruzzaman on Tuesday handed down the bail order after the BNP chief appeared before the makeshift court at Bakshibazar in Dhaka at 11:00pm.Earlier on 30 November, the court issued arrest warrants against Khaleda cancelling her bail in the cases.The court announced that hearing of the Zia Orphanage Trust case will be held between 6 December and 8 December.On 3 July 2008, the Anti-Corruption Commission filed the Zia Orphanage Trust graft case with Ramna police station accusing Khaleda Zia, her eldest son Tarique Rahman, and four others for misappropriating over Tk 21.0 million that came as grants from a foreign bank for orphans.On 8 August 2011, the commission filed the Zia Charitable Trust graft case with Tejgaon police station accusing four people, including Khaleda Zia, of abusing of power in raising funds for the trust from unknown sources.
As faith communities across the country prepare for services this weekend, the shadow of the horrible tragedy of Sutherland Springs is fresh on everyone’s mind. One local Reverend, Fr. Bob Goolsby takes a measured view of how we all can move forward in the spirit of faith and hope. Share
in Daily Dose, Government, Headlines, News, Origination Affordable Loan Solution Bank of America Federal Housing Administration FHA 2016-03-21 Staff Writer Is BofA’s New Mortgage Program a Substitute for FHA Lending? March 21, 2016 700 Views Bank of America recently announced a new program that cuts the Federal Housing Administration (FHA) out of the mortgage lending equation with its latest mortgage product, dubbed the “Affordable Loan Solution.”The new program will allow low- and moderate-income (LMI) borrowers to put a mere 3 percent down on conforming loans, and it will require no private mortgage insurance—regardless of the total amount of the loan.Karan Kaul, Research Associate I at Urban Institute, recently made the argument that Bank of America’s mortgage solution, while promising, is not a substitute for healthy FHA lending.Kaul noted that the bank’s program has been viewed by some as an “attempt to create a channel for lending to LMI borrowers that bypasses FHA and its heavy enforcement hammer.” However, he says that “such efforts are an alternative to FHA lending, they are not a substitute, as the underlying economics of this deal make it difficult to scale up lending in a manner that would replace FHA.”Terry Francisco, VP of Corporate Communications at Bank of America, told MReport in an interview that the new program provides just such an alternative. In fact, Bank of America expects that three out of the four mortgages generated under the Affordable Loan Solution would have otherwise been backed by the FHA.“This product that we’ve developed in partnership with Freddie Mac and with Self-Help Fund provides an effective alternative for FHA that’s somewhat less expensive, but also structured in a way that we believe will make people successful homeowners and will provide another option for people who are looking to become homeowners or people who could be moving up from one home to another,” Francisco said. “We think it adds more options for low- to moderate-income individuals to either attain homeownership for the first time or move up in the marketplace.”Though it’s meant as a competitor to FHA, requirements for BofA’s program will be slightly different from the FHA’s. In in order to qualify for the program, borrowers will need a FICO credit score of at least 660, as well as a household income that’s less than the median income of the region. When significant credit history is lacking, Francisco said Bank of America will also consider “non-traditional forms of credit.”“What we mean by that is if someone has a thin file, where they don’t have a lot of credit cards or other experience paying debts, if they paid rent on time or if they paid health memberships, cell phone bills—things like that—if they can that they’ve had a strong history of paying those bills on time, that’s acceptable as non-traditional credit,” Francisco saidKaul said that in a market in which LMI borrowers have trouble getting a mortgage, Bank of America’s Affordable Loan Solution “is a welcome effort to find a creative new channel through which many can finally obtain a mortgage.”However, it is important to note that this kind of channel is likely to be limited in scope, for several reasons, according to Kaul:The most significant barrier to larger-scale adoption of programs like this is the shortage of available capital. The ALS model relies solely on capital provided by Self-Help. Nonprofit capital is often sourced via loans or grants from foundations, community development organizations, or the government. Limited funding from these sources means the potential mortgage origination volume through such initiatives is also limited.The second likely barrier is that it will prove difficult for lenders using this type of execution to compete with FHA on price. The most borrower-friendly feature of the ALS mortgage is that PMI, which can cost several hundred dollars per month, is not required. It’s not clear, however, if ALS borrowers will be charged a higher mortgage rate in lieu of PMI. If they are, the potential for savings will be lower.Increasing the loan volume for ALS-like programs will also require lenders to offer much deeper savings to make these loans cheaper than FHA because GSE mortgages require riskier borrowers to pay higher fees, whereas FHA doesn’t.”None of this is to criticize the program, which is a creative effort to improve access for a group of borrowers for whom credit is overly constrained,” Kaul explained. “It is just a reminder to keep the effort in perspective. While programs like this are needed, they are unlikely to offer a substitute for a healthy market in FHA lending, in which lenders are willing to lend further down the credit spectrum to those who fit within FHA’s mission.” Share
(Interviewed by Louis James, Editor, International Speculator)[Skype rings: It’s Doug Casey, calling from Cafayate, Argentina. He sounds tired, but pleased with himself.]Doug: Lobo, get out your mower; it’s time to cut down some green shoots again, and debunk a bit of the so-called recovery.L: Ah. I have to say, Doug, the so-called recovery is looking more than “so-called” to a lot of smart folks. Even our own Terry Coxon says the recovery is real, albeit weak.Doug: Terry’s probably looking at it by the numbers, some of which are reported to be improving. But let’s come back to the numbers later and start with fundamentals. The first order of business, as usual, is a definition: a depression is a period of time in which the average standard of living declines significantly. I believe that’s what we’re seeing now, whatever the numbers produced by the politicians may seem to tell us.L: I was just shopping for food and noticed that the bargain bread was on sale at two for $5. My gas costs almost as much per gallon. That’s got to hurt a lot of people, especially on the lower income rungs. I don’t need to ask; a member of my family just got a job that pays $12 per hour – about three times what I made working for the university food service back when I was in college – and it’s not enough to cover his rent and basic bills. If his wife gets similar work, they’ll make ends meet, but woe unto them if anyone in their family crashes a car or requires serious medical treatment.Doug: That’s just what I mean. Actually, the trend towards both partners in a marriage having to work really started in the early ’70s – after Nixon cut all links between the dollar and gold in August of 1971. Before then, in the “Leave it to Beaver” era, the average family got by quite well with only the husband working. If he got sick or lost his job, the wife was a financial backup system. Now, if something happens to either one, the family is screwed. I think, from a very long-term perspective, historians will one day see the ’60s as the peak of American prosperity – certainly relative to the rest of the world… but perhaps even in absolute terms, even taking continued advances in technology into account. Maybe the ’59 Cadillac was the bell ringing at the top of that civilizational market.My friend Frank Trotter, president of EverBank, was just telling me that the net worth of the median US citizen is only $6,000. That’s the median, meaning that half of the people have less than that. Most people don’t even have enough stashed away to buy the cheapest new car without going into debt. It used to be that people bought cars out of savings, with cash. Now they have to finance them over at least five years… or lease them – which means they never ever have even that trivial asset, but a liability in the form of a lease.The bulk of the 49 percent below this guy don’t even have that – with the concentration of wealth among the top one percent, most of those below average have seriously negative net worth, at least compared to their earning capacity. In other words, the US, Europe, and other so-called First World countries are in a wealth-liquidation cycle that will be as profound as it will be protracted.By that I mean that people are on average consuming more than they produce. That can only be done by living out of capital – consuming savings – or accumulating debt. For a time, this may drive corporate earnings up, and give this dead-man-walking economy the appearance of returning health, but it’s essentially, necessarily, and absolutely unsustainable. This is an illusion of recovery we’re seeing – the result of our Wrong-Way Corrigan politicians continuing to encourage people to do the exact opposite of what they should do.L: Which is?Doug: Save. People shouldn’t be getting new cars, new TVs, and new clothes. They should be cutting expenses to the bone.The Obama administration, just like the Baby Bush administration before it – there really is no great difference between the Evil Party and the Stupid Party – and its minions in the US and its cronies around the world, stubbornly stick to the bankrupt idea that economic growth is driven by consumption. This is confusing cause and effect. Healthy consumption follows profitable production in excess of consumption, resulting in savings – accumulated capital – that can either be spent without harm, or invested in future growth.Consumption doesn’t cause an economy to grow at all. To paraphrase: “It’s productivity that creates wealth, stupid!”L: Policies aimed at encouraging consumption, instead of increasing production, are what turned the savings rate negative in the US and resulted in the huge sovereign debt issues we’re seeing in supposedly rich countries…Doug: Well, the governments themselves have spent way more than they had or ever will have, and that’s par for the course when you believe spending is a virtue. However, it’s the false signals government interference sends to the market that caused the huge malinvestments that only began to go into liquidation in 2008. That has to do with another definition of a depression: It’s a period of time when distortions and malinvestments in the economy are liquidated. Unfortunately, that process has barely even started. In fact, since the bailouts started in 2008, these things have gotten much worse. If the government had gone cold turkey back then, cut its spending by at least 50% for openers, and encouraged the public to do the same, the depression would already be over, and we’d be on our way to real prosperity. But they did just the opposite. So we haven’t yet entered the real meat grinder…L: Those false signals the government sends to the market being artificially low interest rates?Doug: Yes, and Helicopter Ben’s foolish leadership in the wholesale printing of trillions of currency units all around the world – I don’t really want to call dollars, euros, yen, and so forth money anymore. When individuals and corporations get those currency units, they think they’re wealthier than they really are and consume accordingly. Worse, those currency units flow first to the state – which feeds it power – and favored corporations, which get to spend it at old values. It’s very corrupting. There is also an ongoing regulatory onslaught – the government has to show it’s “doing something” – which makes it much harder for entrepreneurs to produce.In addition, keeping interest rates low encourages borrowing, and discourages saving – just the opposite of what’s needed. I don’t believe in any state intervention in the economy whatsoever, but in the crisis of the early 1980s, then-Fed Chairman Paul Volker headed off a depression and set the stage for a strong recovery by keeping rates very high – on the order of 15-18%. They can’t do that now, of course, because with the acknowledged government debt at $16 trillion, those kind of rates would mean $2.5 trillion in annual interest alone – more than the government takes in taxes. At this point, there’s no way out. And there’s much more tinkering with the system ahead, at the hands of fools who remain convinced they know what they’re doing, regardless of how abject their past failures have been.L: And yet, the interventions seem to be working. The “orderly default” in Greece seems to have saved the Eurozone for now, and critically important employment figures in the US show definite signs of improvement.Doug: Perhaps, but let’s take a closer look. I advocate the Greek government defaulting, overtly and immediately, on 100% of its debt, for several reasons. First, it would punish those who lent it money to do all the stupid and destructive things it’s done. Second, it would ensure that the Greek government wouldn’t be able to borrow again for a very long time. Third, it would liberate young and yet unborn Greeks, who are being turned into serfs by all that debt. It would also mean that most European banks would fail. Tough luck for those who relied on them. When new banks are established it will serve as a lesson to people to be more careful about where they put their capital. Anyway, it would be much less of a catastrophe than the way we’re currently heading.Here in the US, the twelve-month fiscal deficit is still over $1.2 trillion, an extreme situation that is gutting the value of the dollar, because it’s mostly financed by the Fed buying US debt. It’s temporarily expanded the eye of the storm we’re in, but it’s done nothing to dissipate the storm itself. Their easy-money policies may have bought them a little more time, but they will only make it worse when we do exit the eye of the storm.There’s a third definition of a depression that I use: a depression is the end phenomenon of an inflation-caused business cycle. Inflation is the sole cause of business cycles, and inflation is caused by governments and their central banks printing money. The government – the state – is 100% responsible for society’s economic problems. But it arrogantly represents itself as the cure. And people believe it. There’s no hope until the psychology of the average person changes.L: As Bob Lefevre used to say: “Government is a disease masquerading as its own cure.” Want to update us on when you think the economy will return to panic mode?Doug: Earlier this year, I was expecting it sooner than I do now. Unless some black-swan event upsets the apple cart suddenly, I would not expect us to exit the eye of the storm at least until after the US presidential elections this fall. Maybe not until early 2013, as the reality of what’s in store sinks in. I pity the poor fool who’s elected president. In a way, I hope it’s Obama who wins, mainly because the worthless – contemptible, actually – Republican candidates yap on about believing in the free market, which means if one of them is somehow elected, the free market will be blamed for the catastrophe. Too bad Ron Paul will be too old to run in 2016, assuming that we actually have an election then…L: So, what about those numbers, then? Employment is up, and the oxymoronic notion of a “jobless recovery” was one of our criticisms before…Doug: Yes, but look at the jobs that have been spawned; they are mostly service sector. Such jobs can create wealth for certain individuals – it looks like we’ve put more lawyers to work again, as well as waiters and paper-pushers – but they don’t amount to increased production for the whole economy. They just reshuffle the bits around within the economy.L: Unlike my favorite – mining – which reported 7,000 new jobs in the latest report, if I recall correctly.Doug: Yes, unlike mining, which was more of an exception than the rule in those numbers. But that’s making the mistake of taking the government at its word on employment figures. As we’ve discussed before, if you look at John Williams’ Shadow Stats, which show various economic figures as the US government itself used to calculate them, unemployment has actually reached Great Depression levels.The US government is dishonestly fudging the figures as badly as the Argentine government – which is, justifiably, viewed as an economic laughingstock in most parts of the world. One reason things are going to get much worse in the US is that many of those with economic decision-making power think Cristina Fernandez Kirchner is a genius. A little while ago there was an editorial in the New York Times – the mouthpiece for the establishment – written by someone named Ian Mount. Get a load of this. I’ve got it in front of me.If you can believe it, the author actually says: “Argentina has regained prosperity thanks to smart economic measures.” The Argentine government “intervened to keep the value of its currency low, which boosts local industry by making Argentina’s exports cheaper abroad while keeping foreign imports expensive. Argentina offers valuable lessons … government spending to promote local industry, pro-job infrastructure programs and unemployment benefits does not turn a country into a kind of Soviet parody.”Well, no, I guess it turns it into something the US can ape. He goes on: “Argentina is hardly a perfect parallel for the United States. But the stark difference between its austere policies and low growth of the late 1990s and the pro-government, high-growth 2000s offers a test case for how to get an economy moving again. Washington would do well to pay attention.”The guy has obviously never been here, though he admits that “Argentina is far from perfect.” His modest concession is that the taxes to imports and exports have “scared away some foreign investment, while high spending has pushed inflation well over 20 percent. And it would be laughable to suggest that the United States follow its lead and default on its debt.”When I first read the article, I thought I was reading a parody in The Onion. I love Argentina and spend a lot of time down here. It’s a fantastic place to live – but not because of the government’s economic policies. Its only competition in state stupidity is Brazil, which regularly destroys its currency. Fortunately, though, the Argentine government is quite incompetent at people control, unlike the US. It leaves you alone. And there’s a reasonable chance the next president down here won’t be actively stupid, which isn’t asking much. But it’s amazing that the NYT can advocate Argentine government policy as something the US should follow. A collapse of the US economy would be vastly worse than that of the Argentine economy – the US dollar is the world’s currency. Here in Argentina they’re used to it and prepared for it to a good degree. Very unlike in the US.L: In the US, the welfare state has bloated beyond imagination. The damage already done is less visible because where there used to be private charity soup kitchens, there are now “food stamps” that look like ordinary credit cards, making the destitute among us look like everyone else at the supermarket. There are 50 million recipients, and that number is growing, not declining.By the way, John Williams is a speaker at the Casey Research Recovery Reality Summit we have coming up, April 27-29 in Weston, Florida. Perhaps this would be a good time to invite our readers down to hear John’s take on what the numbers really are – and to meet us. We’ll both be there.Doug: That’s true. Several readers made it to the event we just had at La Estancia de Cafayate, which went very well. We have some of the most interesting people in the world reading these conversations – it’s fun to get to meet more of them.L: Ah, that must be why you sound both upbeat and tired. A pity I didn’t get to sit in on Coffee with Casey with you in the new spa you built down there…Doug: Yes, it’s been a long couple of weeks, but I am pleased. You should see the place now; not only has the spa been completed since you were last here, they’re making good progress on the hotel, and there are houses going up all over the place. I’m tickled pink with our world-class 3,500 square-foot gym, where I was pumping iron for an hour today, and resistance swimming pool, among lots of other stuff. But the real attraction isn’t the toys, it’s the people.L: I’ll see it next time. It may be time to sit down with an architect. Meanwhile, back at the ranch here, what are the investment implications if the Crash of 2012 gets put off until the end of the year, or even becomes the crash of 2013?Doug: There are potentially many, but generally, the appearance of economic activity picking up is bullish for commodities, especially energy and raw materials like industrial metals and lumber. That’s not true for gold and silver, so we might see more weakness in the precious metals in the months ahead. I wouldn’t count on that, however, because government policy is obviously inflationary to anyone with any grasp of sound economics. That will keep many investors on the buy side. Plus, the central banks of the developing world – China, India, Russia, and many others – are constantly trading their dollars for gold. There are perhaps seven trillion dollars outside the US, and about $600 billion more are sent out each year via the US trade deficit.L: I know I bought some gold and silver in the recent dip and would love to have a chance to do so at even lower prices ahead.Doug: That’s the logical thing to do, given the fundamental realities we started this conversation with, but a lot of people will be scared into selling if gold does retreat. A good number will sell low, after buying high – happens every time, and is a big part of why commodities have such a tricky reputation. Most investors just don’t have the strength of conviction to be good speculators. Instead of looking at the world to understand what’s going on and placing intelligent bets on the logical consequences of the trends, regardless of what anyone else says or does, they go with the herd, buying when everyone else is buying and selling when everyone else is selling. This inverts the “buy low and sell high” formula. They let their thoughts be influenced by newspapers and the words of government officials.L: In other words, everything you see calls for gold continuing upward for some time – years – making any big retreats along the way great buying opportunities for those with the guts to act on them. Same for silver, and doubly so for the precious-metals mining stocks, and triply so for the junior stocks.Doug: Just so. I look forward to the day when I can sell my gold for quality growth stocks – but we’re nowhere near that point. But silver might correct less than gold if gold corrects due to the appearance of economic recovery – silver is, after all, an industrial metal as well as a monetary one.L: Agreed. And I can see the positive implications for energy as well, but Marin was just saying that natural gas has dropped below $2. That’s apparently starting to force oil and gas companies to remove reserves from their books – because reserves need to be economic, not just exist – which the market isn’t going to like. He sees some great bargains on solid companies ahead, and not just “gas” companies as many oil companies, including the major ones, produce both. Marin said one major company gets half its top line from gas sales. This is a huge shift.[Ed. Note: Louis is referring to Marin Katusa, chief energy investment strategist for Casey Research and editor of Casey Energy Opportunities and Casey Energy Report.]Doug: The devil is always in the details – it’s dangerous to oversimplify things, painting with a broad brush, as in, “A recovering economy will be bad for gold” or “A recovering economy will be good for energy.” You have to understand these markets well enough to really see how different forces and factors will affect them. Marin is unquestionably one of the sharpest analysts I’ve met in my life. He’s actually something of a genius, both academically smart and very street smart, in addition to being a workaholic. He runs a lot of my money. He’s done spectacularly well, and I expect him to do even better, because he constantly learns. Not much gets by him.L: Good reminder. So, if we’re looking at signs of economic recovery for a time, would you buy into copper, nickel, or other base-metal plays?Doug: Well, just because we might see signs of a temporary economic recovery, that doesn’t mean we will – and even if we do, they could easily be swept aside by any number of events, such as Europe taking another turn for the worse, or Japan or China starting to come apart at the seams. But, as a hedge, some near-term bets on industrial metals might not be a bad thing.L: How about agriculture?Doug: That’s one thing for which demand can never go down. Economic upturns or downturns may affect the mix of what people eat, but they won’t stop people from eating – or, if they do, we’ll have more pressing concerns than which way to play the markets. I remain especially bullish on cattle.L: Anything else?Doug: [Laughs] Many things. The right technology companies should do well; finding ways to do things faster-better-cheaper always adds value. Select mainstream equities in currently profitable sectors might do well as well – but I’d be very careful there. I can’t stress enough how close to the edge of collapse the global economic house of cards is – it could take another year or more to topple, or it could be starting today.L: Which leads to the other reason for owning precious metals – not as a speculation on skyrocketing prices, nor as an investment for good yield, but for prudence.Doug: Yes. Gold remains the only financial asset that is not simultaneously someone else’s liability. Anyone who thinks they have any measure of financial security without owning any gold – especially in the post-2008 world – is either ignorant, naïve, foolish, or all three.Look, we saw it coming, but everyone in the world could see Humpty Dumpty fall off the wall in 2008. Now we’re just waiting for the crash at the bottom, and no amount of wishful thinking otherwise is going to change that. It’s a truly dangerous world out there, and blue chips are no longer the safe investments they once seemed to be. You don’t have to be a gold bug to see the wisdom of allocating some capital – and not just a token amount – to cover the possibility that I’m right about what’s coming. There’s some opportunity cost associated with taking out this kind of insurance, but it’s not catastrophic if I’m wrong, and the cost of failing to do so if I’m right is catastrophic. That really is the bottom line.L: Financially. If you’re right about the coming Greater Depression, people also need to take steps to batten down the hatches on their physical life arrangements.Doug: Right. As we’ve said many times now, your government is the greatest threat to your well-being these days. If at all possible, you should be taking steps to diversify your political risk. Foreign bank accounts are not illegal for most people in most countries, though they need to be reported. Getting one is a good start. Buying real estate I like in various countries is one of my favorite ways to diversify risk in my life. That’s partly because I like speculating in real estate, but much more so because whichever government thinks you’re its tax slave can’t force you to repatriate real estate you own abroad. Most of all, it’s because it’s good to have places to go if things get ugly wherever you happen to be.L: Very well. Any particular triggers you think we should watch out for – warning signs that we really are about to exit the eye of the storm?Doug: In the US, the Fed being forced to raise interest rates would be one, or inflation getting visibly out of control – which would force a change in interest rates – would be another. Who knows – Obama getting reelected could tip the scales. War in the Middle East could do it, or, as we already mentioned, China or Japan going off the deep end. The ways are countless. Black swans the size of pteranodons are circling in squadron strength. A lot of them are coming in for a landing.People will just have to stay sharp – sorry, there’s no easy way to survive a depression. As my friend Richard Russell says, “In a depression everybody loses. The winner is the guy who loses the least.” It will take work and diligent attention to what’s going on in the world and around us. We’ll do our best to help with The Casey Report, but each of us is and must be responsible for ourselves.L: Okay then, thanks for the guru update. No offense, but in spite of the investments I’ve made betting that you’re right, I hope you’re wrong, because the Greater Depression is going to destroy many lives, and the famines and wars it spawns even more – millions, I’m sure. Maybe more. The mind balks.Doug: Oh, I agree. I only wish I could believe otherwise, because I’m sure it’s going to be even worse than I think it will be… although I hope to be watching it in comfort and safety on my widescreen TV, not out my front window.L: I think we need to find something more upbeat to talk about next time.Doug: [Chuckles] Maybe. If there’s something important in the news we should cover it. It’s sure to be fodder for comedy – at least black comedy.L: As you say. ‘Til next week then.
I loudly applaud Jim Sinclair’s efforts to get the PM miners to do something about this outrageous price management situation.Gold began to rally in fits and starts just before 10:00 a.m. Hong Kong time…and hit its zenith less than fifteen minutes after Comex trading began in New York yesterday morning…and that, as they say, was that.The gold price got sold off, but began to rally again shortly before 10:00 a.m. in New York. That rally also failed to get very far above the $1,590 spot price level.From there it traded more or less sideways until a thoughtful soul decided to sell it down into the Comex close. The New York low came at precisely 2:00 p.m. in electronic trading. From that low, gold rallied a bit before trading almost ruler flat into the 5:15 p.m. close.Gold finished the Thursday trading session at $1,581.70 spot…up $8.20 on the day. Net volume was around 113,000 contracts, which was a few thousand contracts higher than Wednesday’s volume.Silver’s price path was very similar to gold’s right up until the 8:35 a.m. Eastern time high tick of the day. After silver got sold down going into the London p.m. gold fix, its price never recovered for the rest of the Thursday trading session and, like gold, got sold off some more going into the close of Comex trading.The absolute New York low for silver was also at precisely 2:00 p.m. Eastern time…the same time as gold. From there, it recovered a little going into the close.Silver finished the day at $27.28 spot…up a whole dime. Net volume was around 27,500 contracts…a bit higher volume than on Wednesday.Here’s the New York Spot Silver [Bid] chart on its own. Note the sell off going into the close of Comex trading…and the precise 2:00 p.m. low tick. This sort of timing doesn’t happen by accident.The dollar index didn’t do a lot on Thursday, it just jumped around a bit either side of 83.00…and close pretty much where it opened on Thursday morning. But you will carefully note that the low and high ticks of the dollar index in New York yesterday corresponds almost exactly with the high and low ticks for gold and silver.The shares gapped up…and then stayed up. The stocks hit their high of the day [a hair above 400 on the HUI] came just before the sell off began going into the close of Comex trading…and the HUI finished up 1.14%.Most of the silver stocks turned in a pretty decent performance yesterday…and Nick Laird’s Silver Sentiment Index closed up 1.63%.(Click on image to enlarge)The CME’s Daily Delivery Report is hardly worth mentioning, as zero gold and only 2 silver contracts were posted for delivery on Monday. The number of silver contracts still open in July has now fallen all the way down to 126…so the July delivery month should finish quietly when it wraps up about ten days from now.There was a rather large 291,035 troy ounces of gold withdrawn from GLD yesterday…and no reported change in SLV.There was a tiny sales report from the U.S. Mint yesterday, as only 100,000 silver eagles were reported sold.Over at the Comex-approved depositories on Wednesday, they reported receiving 608,904 troy ounces of silver…and shipped 924,891 out the door. The link to that activity is here.Reader Scott Pluschau has a new blog posted. It’s headlined “Complex Head-and-Shoulders on the dollar”…and the link to that is here.I have the usual number of stories for a weekday…and the final edit is up to you.It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat. – Theodore RooseveltWith crude oil, copper and the grains all rallying strongly yesterday, it was obvious that the precious metals were not being allowed to join the party. You can tell from the price action that they all attempted to move higher, but there was always that not-for-profit seller waiting in the wings to make sure that it didn’t happen. It appears as if all four precious metals are being held in place by brute force.I loudly applaud Jim Sinclair’s efforts to get the PM miners to do something about this outrageous price management situation…but I doubt very much that they will lift a finger to help themselves, or their shareholders. Their response will be what it has always been…stony silence. I always like to quote John Embry at this point, as he said many years ago that the “miners are either ignorant, naïve…or complicit.”But having said all that, I would certain get on the blower and raise hell with a few of the companies that you own shares in…and try to be as polite as you can. I’ve been doing it by phone, e-mail…and in person for over a decade now. They all know what’s going on…and most of the gold and silver producers are complicit by their very silence. These are not brave men when it comes to speaking up on behalf of the real company owners…us.Today we get two data points of interest…the latest Commitment of Traders Report for positions held at the close of Comex trading on Tuesday…and The Central Bank of the Russian Federation updates its website with their June numbers. I’m hoping that they added a goodly chunk of gold to their reserves…and I’ll have all of this information for you in tomorrow’s column.The gold price traded flat through most of the Friday session in the Far East…and the tiniest of rallies has begun now that London is trading. Volumes in both metals were exceedingly light at the London open, but have now picked up a bit as of 4:56 a.m. Eastern time, as even these small rallies in gold and silver are running into resistance. The dollar index is up about ten basis points from Thursday’s close.Before hitting the ‘send’ button, I’d like to point out the upcoming “Casey’s Fall Summit – Navigating the Politicized Economy”. It’s being held over three days…September 7-9th at the Park Hyatt Aviara Resort in Carlsbad, California. It’s being co-sponsored by my good friend Eric Sprott…and it will be well worth attending…and like every other Casey Research summit, it will sell out quickly. You can find out more by clicking here.Have a good weekend…and I’ll see you on Saturday…Sunday west of the International Date Line. Sponsor Advertisement Tosca Mining Corporation’s goal is to acquire advanced stage projects that can be placed into production quickly. The company’s primary asset is the Red Hills Molybdenum/Copper project located in Presidio County, Texas. A program to confirm, and expand the considerable size and potential of the project and evaluate various economic scenarios was completed in 2011. 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The government’s scheme aimed at encouraging employers to take on disabled staff is “trivially easy to abuse” and allows organisations to describe themselves as “Disability Confident” even if they do not comply with anti-discrimination laws, new research suggests.Disability Confident was relaunched this month, but disabled researcher David Gillon says his analysis shows it is little better than the scheme it has replaced, the much-criticised Two Ticks.The scheme has also been criticised this week by a leading organisation of employers, the Business Disability Forum.Gillon’s analysis comes just days after Disability News Service revealed that many of the organisations that have signed up – and have declared themselves “disability confident” – have troubling track records when it comes to their attitudes to disabled people, including outsourcing giants Capita and Maximus, as well as Northampton police, which has had to refer two separate incidents involving young autistic men to the police watchdog.Gillon says Two Ticks was “a sham” and “rarely policed”, but Disability Confident was even weaker in some key areas.He says: “The reality for disabled people was that employers would sign up to Two Ticks, add the logo to their headed paper in order to impress their customers and the great and the good, and then carry on not employing disabled people in just the same way they always had.”He says employers will be able to do exactly the same if they sign up to Disability Confident.Research published in 2014 by academics at two business schools showed that less than one in six (15 per cent) organisations that displayed the Two Ticks symbol kept all five of its commitments, while almost one in five (18 per cent) carrried out none of them.But Gillon says that employers can get away with keeping fewer commitments than under Two Ticks and still display the Disability Confident logo, while any pretence at monitoring by the Department for Work and Pensions (DWP) has been dropped.Under the newly-relaunched scheme, employers can apply for three levels: Disability Confident Committed (level one), Disability Confident Employer (level two) and Disability Confident Leader (level three).Employers can reach the first two levels simply by assessing themselves on their own performance, after which DWP will send them a badge and a certificate that they can use to promote their “disability confidence”.It is only if they want to become a Disability Confident Leader that their self-assessment has to be “validated” by another organisation.Gillon says employers can declare themselves Disability Confident by doing less than under Two Ticks, because at level one – the level likely to be chosen by most employers – there is no longer a requirement to provide disability equality training for all staff, and no annual self-assessment of how to improve.And he says that the new commitments that were not offered by Two Ticks, and which an employer must make under Disability Confident level one – such as making reasonable adjustments for disabled staff and jobseekers, and ensuring an inclusive and accessible recruitment process – are no more than are required under the Equality Act.Of the nine level one options, of which they have to to choose only one, an employer could become Disability Confident simply by offering unpaid work experience.At level two, employers must make more commitments, but most of them would be considered reasonable adjustments under the Equality Act, says Gillon, while there are still no checks on whether the employer is carrying out these pledges.One of the few strong new measures is to encourage suppliers and partner firms to be Disability Confident, and to identify and share good practice with them, he says.But employers can still assess themselves as level two – and be assessed successfully by another organisation as a level three employer – if they have an inaccessible environment for both employers and customers.This is because “providing an environment that is inclusive and accessible for staff, clients and customers” is only an “option”, and so an employer can choose another option instead.Gillon says this suggests that membership as high as level three can therefore be granted to employers that are still breaching the Equality Act.And he says it is also possible to achieve Disability Confident level three – becoming a Disability Confident Leader – without employing a single disabled person.He concludes: “We were promised a stronger scheme with increased external supervision, [but] we have been delivered a weaker scheme with no external supervision.“The replacement for Two Ticks turns out to be worse in almost every respect.“It is trivially easy to look at the way that Two Ticks was abused and see that Disability Confident further enables that abuse rather than preventing it.”The Business Disability Forum, a membership organisation, formerly known as the Employers’ Forum on Disability, which “makes it easier and more rewarding to do business with and employ disabled people”, is also critical of aspects of Disability Confident.George Selvanera, the forum’s strategy and external affairs director, said the process of improvement on disability employment was “not straightforward” and requires “strong leadership and must always be grounded in the lived experience of disabled candidates and employees themselves”.The forum runs its own Disability Standard, a “best practice management tool that helps employers plan and measure their disability improvements across 10 functional areas of any organisation”.Selvanera said that Disability Confident was “helpful in drawing light on the benefits for employers from recruiting and retaining disabled people”, but he said the forum believed that level two status should “only be available to employers that are experienced at employing disabled people”.He said: “It seems risky to the scheme to have employers self-assess and then publicise that they’re confident at recruiting and retaining disabled people when they don’t have any actual experience, whether in the past or currently, of doing so.“We think as well that it will be helpful to make sure only organisations with appropriate expertise are validating organisations as Disability Confident Leaders.”He added: “It’s not yet clear what metrics Disability Confident will use to measure success and its own contribution to the recruitment and retention of the one million plus extra disabled people the government aims to have in paid employment as part of halving the disability employment gap.“So we think it’s important also we must not have excessive expectations of what Disability Confident on its own [will] deliver.”A DWP spokeswoman dismissed Gillon’s analysis.She said: “The researcher appears to have misunderstood the scheme. The scheme was developed by a task group that included employers, disability charities, and disabled people*. “This has helped ensure a balance between a scheme that is accessible and straight-forward for employers to use – particularly smaller employers – whilst being rigorous and commanding the confidence of disabled people.”And she suggested that Disability Confident could not be compared directly with Two Ticks.She said: “The new scheme is fundamentally different and explores a whole range of employer practices to ensure disabled people can be successfully recruited, retained and developed.“Building on the previous two ticks scheme, we have worked with employers and disabled people to develop a new Disability Confident assessment and accreditation scheme, that is both accessible for employers, particularly smaller ones, and rigorous enough to command the confidence of the disabled community.”Asked whether employers could call themselves Disability Confident while still breaching the Equality Act, she said: “Legally all employers must comply with the Equality Act.“The DC scheme is about encouraging employers to be inclusive and to do more in recruiting, retaining and training disabled people.”And asked if employers could achieve level three status with no disabled employees and an inaccessible environment for staff and customers, she said: “The scheme has been designed so that all employers, regardless of size or sector, can sign up.“Some employers may not be in a position to take on permanent employees but can still offer opportunities including apprenticeships, training or supported internships.“‘Proactively offering and making reasonable adjustments as required’ is a core action within the Disability Confident Employer level (page eight) and ‘Ensuring there are no barriers to the development and progression of disabled staff’ is also a core action (page 19).”But Gillon said in response to the statement: “As a replacement for Two Ticks, Disability Confident is confused, opaque, and has gaps so wide you could sail a supertanker through.“It could have been so much better, and could easily be reworked to address its flaws.“But ultimately, the disability employment gap will only be filled when employers treat disability as normal and employ disabled people as they would any other.”*In July, Mike Adams, the disabled chief executive of Purple (formerly ecdp) – and a member of the task group – said he would have liked to have seen the new version of Disability Confident “much stronger and more ambitious”.Picture: David Cameron speaking at the original launch of Disability Confident in 2013
Web Data Integration leader brings on tenured team leads to drive Import.io’s market share in burgeoning industryImport.io, the leading Web Data Integration solution provider, announced the hiring of three key team members to meet the demands of the rapidly expanding Web Data Integration market. The company brought on a new VP of engineering, VP of worldwide sales and a VP of delivery and managed services to drive annual recurring revenue (ARR) in this multi-billion-dollar market.Import.io hired Masa Karahashi as its new VP of engineering. Previously, Karahashi has led engineering efforts for a variety of start-ups, such as Human API, 3VR and Promptu. He has also spent more than a decade in various executive positions running worldwide enterprise engineering organizations at Oracle and Siebel where he was instrumental in ensuring the successful production launches of some of the world’s largest CRM deployments.Marketing Technology News: Flipboard Appoints Advertising Industry Veteran David Bell As New Board MemberDixon Fiske has joined the Import.io team as VP of worldwide sales. Fiske has been in technology sales for more than 30 years, most recently with SOASTA (acquired by Akamai), Boundary (acquired by BMC), and Nimsoft (acquired by CA Technologies). Now at his ninth startup, Fiske looks to continue his track record of building successful sales organizations and driving company growth.Kevin Zachary has joined Import.io as its new VP of delivery and managed services. Zachary previously led professional services and customer success at Cloudera. Prior to joining Cloudera, Zachary spent 14 years at IBM where he led various strategic delivery initiatives focused on data management and emerging technologies for open source big data, machine learning, and AI.Marketing Technology News: Introducing Acoustic: A New Marketing Cloud Bringing Humanity to AI-Powered Marketing“The Web Data Integration market is growing exponentially and will require top industry talent to meet the heightened demand from customers,” said Gary Read, CEO of Import.io. “These roles are especially critical to fill with the expansion of our managed service business. We now have best-in-class sales leaders, a delivery team that can manage massive data projects and an engineering team that can streamline the development and delivery of vital WDI solutions that meet the needs of a demanding market.”“I’m looking forward to building a world-class sales organization here at Import.io to serve its billion-dollar market,” said Fiske. “We are transforming the way we do business to respond to prospect needs in an agile manner, expanding and closing deals quickly and efficiently. I’m eager to drive a companywide sales-focused culture to continue delivering solutions at scale.”Marketing Technology News: New TimeTrade Schedule-A-Demo Solution Helps B2B Software Companies Increase Inbound Lead-to-Meeting Conversion by 4X AIClouderacrmData Integration MarketGary ReadImport.ioNewsSales and Delivery Previous ArticleWalmart and Etsy Integrations Receive Major Upgrades in SureDone’s Multichannel E-Commerce PlatformNext ArticleRelationship Marketing Hub Optimove Hires New VP of R&D Import.io Hires Industry Leaders to Meet Web Data Integration Market Expansion with Enhanced Engineering, Sales and Delivery Globe Newswire5 days agoJuly 18, 2019
This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Cancellation Notices, Uncertainty Over Doctors In New Plans Spur Concerns News outlets report on a range of policy issues related to the health law’s implementation. Kaiser Health News: Thousands Of Consumers Get Insurance Cancellation Notices Due To Health Law ChangesHealth plans are sending hundreds of thousands of cancellation letters to people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more costly policies (Gorman and Appleby, 10/21). The Texas Tribune: Uncertainty In Marketplace Health Plans Concerns DoctorsAs consumers weigh coverage options available in the newly launched federal health insurance marketplace, three of the largest medical associations in Texas have raised concerns about the uncertainty of provider networks offered by health plans in the marketplace (Aaronson, 10/18).Los Angeles Times: Insurer Health Net Overhauls Its Operations Preparing For ObamacareHealth Net Inc. sees a big opportunity in Obamacare. Although some insurers have taken a cautious approach to the Affordable Care Act, the Woodland Hills managed care company is actively seeking to cover thousands of previously uninsured people under the new healthcare system (Pfeifer, 10/20).In addition, fresh legal tests to the health law will be heard this week –The Wall Street Journal: Health Law Faces New Legal ChallengesThe health law championed by President Barack Obama survived one major legal challenge in last year’s Supreme Court ruling, but it will face fresh legal tests starting this week. Federal judges in Washington, D.C., and Virginia will consider whether the text of the statute prevents the administration from offering subsidized health insurance to millions of low- and middle-income Americans (Palazzolo, 10/20).
Source:https://www.mdanderson.org/newsroom/castration-resistant-prostate-cancer-responds-to-immunotherapy-combination.h00-159300678.html Reviewed by James Ives, M.Psych. (Editor)Feb 15 2019Two checkpoint inhibitors provide early encouraging results for immunologically cold diseaseSome patients with metastatic prostate cancer respond to a combination of immune checkpoint inhibitors after hormonal therapy and chemotherapy have failed, according to early results from a clinical trial led by investigators at The University of Texas MD Anderson Cancer Center presented today at the American Society of Clinical Oncology Genitourinary Cancers Symposium in San Francisco.Principal investigator Padmanee Sharma, M.D., Ph.D., professor of Genitourinary Medical Oncology and Immunology at MD Anderson, said the results of combining the CTLA-4 blocking drug ipilimumab with the PD-1 inhibitor nivolumab provide an encouraging step for a cancer that’s been highly resistant to immune checkpoint therapies.Research by Sharma and 2018 Nobel Laureate Jim Allison, Ph.D., chair of Immunology, leaders of MD Anderson’s immunotherapy platform, provided a rationale for combining the two drugs. The platform is part of MD Anderson’s Moon Shots Program™, a collaborative effort to accelerate the development of scientific discoveries into clinical advances that save patients’ lives.Among castration-resistant patients who had progressed after second-generation hormonal therapy (cohort 1), 25 percent (8 of 32) had their tumors shrink from the immunotherapy combination at a median follow-up of 11.9 months. Among those who progressed after chemotherapy and hormonal therapy (cohort 2) 10 percent (3 of 30) had a response at median follow-up of 13.5 months.”This was the first combination trial of two immune checkpoint therapies in prostate cancer,” Sharma said. “These results support the idea that immune checkpoint blockade can play an important role in the treatment of these patients and provide the foundation to test this strategy in a larger clinical trial.”There were four complete responders, two in each cohort, among the 62 patients who could be evaluated for tumor growth.Side effects from the combination were consistent with those experienced in previous combination trials for other cancers, with 42 percent of patients in cohort 1 and 53 percent in cohort 2 experiencing grade 3 to 5 adverse events. Among cohort 1, 33 percent had to discontinue participation due to adverse events, with 35.6 percent having to withdraw from cohort 2. The most common adverse events were diarrhea, fatigue, skin rash, nausea and hypothyroidism. Four patients died from treatment-related adverse events, two in each cohort.Related StoriesResearchers identify potential drug target for multiple cancer typesLiving with advanced breast cancerStudy reveals link between inflammatory diet and colorectal cancer riskDisease progression was the most common reason to leave the trial, with 51.1 percent of cohort 1 and 44.4 percent of cohort 2 discontinuing for that reason.The researchers also analyzed a number of biomarkers and found that higher tumor mutational burden was associated with response.Combination heats up cold tumorIn previous clinical trials, neither drug succeeded as single therapy against prostate cancer, a so-called “cold” malignancy because it does not attract the attention of the immune system. Few T cells, the adaptive immune system’s targeted warriors, infiltrate prostate tumors.In a phase I trial, no patients responded to nivolumab alone because the PD-1 inhibitor requires an immune response to be under way in order to attack tumors.The multi-center combination clinical trial by Bristol-Myers Squibb, maker of both drugs, was organized after research published in Nature Medicine by Sharma and Allison, provided scientific underpinning for the combination in prostate cancer.Analyzing tumor samples before and after treatment in a clinical trial of ipilimumab and the anti-hormonal drug Lupron, Sharma, Allison and colleagues found that ipilimumab caused an immune response to the cancer reflected by major T cell penetration of tumors.They also found that PD-L1, a ligand that turns on the PD-1 checkpoint on T cells, was heavily expressed by the tumor and surrounding tissue in response, shutting down the T cell attack. Sharma and Allison hypothesized that combination treatment would induce an immune response with ipilimumab and then protect that response from deactivation by PD-1 with nivolumab.Sharma said investigators and sponsor Bristol-Myers Squibb are designing a follow-up trial that includes altering either the dosing or scheduling of ipilimumab with the goal of reducing side effects.Patients in the current trial, CheckMate-650, will be assessed for overall response rate and radiographic progression-free survival as primary endpoints and overall survival as a secondary endpoint.Allison has received royalties from Bristol-Myers in the past in connection with the development of ipilimumab but no longer receives such payments.