Saskatchewan fiscal update More revenue more spending smaller deficit

first_imgREGINA – The Saskatchewan government says higher oil and potash prices will mean more money for the province this year.But Finance Minister Donna Harpauer says she’s not sure that situation will last and that’s why the government must balance its budget next year.“I don’t have confidence,” she said Monday. “I have been … involved with govenrment for a number of years now and I’ve seen really strong prices and I’ve seen them plummet overnight.”The provincial Finance Ministry released its first-quarter update showing a deficit of $306 million, nearly $60 million smaller than forecast in the April budget.Revenue is predicted to be almost $170 million more than expected thanks largely in a boost to the forecasted price of oil.But more spending on health care, social services and public-sector pensions will eat up a good portion of that windfall.“We are borrowing, or projecting to borrow, within this budget. We still have a deficit,” Harpauer said. “That shows us how critical it is to come back to balance so that our income coming in and our expenses going out are equitable.”The government is planning to spend $20 million extra on health care, because more people are using the system, and $20 million more on social services because of an increased caseload.Changes to interest rates also mean more than $50 million in extra pension expenses.(The Canadian Press, CJWW)last_img read more

Goodyear halts tire production in Venezuela as economy slips

first_imgCARACAS, Venezuela — U.S. tire company Goodyear has announced it will no longer continue production in Venezuela as economic conditions in the South American nation continue to deteriorate.Spokesman Eduardo Arguelles confirmed to The Associated Press Monday that Goodyear-Venezuela has decided to stop producing tires.Arguelles said the company’s goal had been to maintop operations but that “economic conditions and U.S. sanctions have made this impossible.”Goodyear is the latest international corporation to cease operations in Venezuela, which is suffering hyperinflation and an economic contraction worse than the U.S. Great Depression.The Associated Presslast_img read more

Benkiranes PJD opposes the proposed generalization of the French Baccalaureate in

first_imgCasablanca- According to Al-Akhbar, The PJD opposes the generalization of the French Baccalaureate in public education.The party has delegated the mission of blockading this project initiated by the ministry of National Education to the National Union of Moroccan Workers, its union ally. The latter has described the initiative proposed by Rachid Belmokhtar’s department as “a grave violation of the national sovereignty” and “a humiliation of the Arabic language”.The generalization of the French Baccalaureate was concluded in the framework of a partnership agreement between France and Morocco during the visit of the French minister of National Education, Vencent Peillon, to Rabat last February. The PJD was the first to react against the initiative and the parliamentary caucus has not gone beyond discussing the constitutionality of the convention. The PJD seems very concerned by this measure.According to Al-Akhbar, the generalization project will be challenged by all sorts of things, alluding to the debate of introducing the teaching of Darija into primary education. Such decision will only contribute to discrimination among students, and would weaken the Moroccan Baccalaureate especially because the French language is no longer the language of science, the same source added.The politicization of the issue of the language of education has crippled the Moroccan educational system since Mohamed El Fassi’s Arabization and has deprived the related debates of utility and practicality.“Education is of paramount importance and should be dealt with as such, as the future of Morocco strongly hinges upon it,” a teacher of physics told MWN.“We hope that today’s reform efforts will stress the quality of education rather than promoting the ideologies of certain parties or classes,” he added.last_img read more

Burnley youth team sign 10 teenagers

first_imgDanny Cadamarteri’s youth team has recruited 10 teenagers who will start their two-year scholarships as part of the Burnley Under-18 squad.Cadamarteri has been looking to strengthen his youth team and bringing this 10 teenagers into the Turf Moor ranks is dream come true.Among the 10 new recruits, four of them already spent at least two years within the Clarets’ Academy set-up with a constant play for the Under-16s last season and the youth team.Mitchell George, Matthew O’Neill, Rhys Fenlon, Jon Conley have all progressed from within the Academy before joining up with the youth team.Part of them are: Harry Allen, Jaydon Major, Matty Rain, Kane Patterson, Udoka Chima and Edon Pruti and Joe Conn-Clarke.Academy Manager Jonathan Pepper said Lancashiretelegraph:Burnley FC v Manchester City - Premier LeagueMatch Preview: Burnley vs Liverpool Boro Tanchev – August 30, 2019 Premier League leaders Liverpool travel to Burnley for the Matchday 4 of the 2019-20 Premier League campaign.“We are really looking forward to the new intake of scholars coming in next season.“We have a large number of exciting attacking players to add to our existing group, as well as a whole new defensive line and goalkeeper to bolster the squad.“There will be a lot of competition for places for the U18s next season.”He added: “Nicky Law, in the recruitment department, has worked tremendously hard to bring in a number of players from outside to add to the players who have progressed through our own Academy.“The rise in the profile of the club, the elite training facilities and the growing reputation of the Academy has helped us recruit players from the top clubs in the country, as well as giving opportunities for players from lower levels the chance to develop.“I am looking forward to seeing the players integrate and develop as a group, and hopefully we will see individuals progressing onto the U23 Development Squad at some stage over the course of their scholarship”last_img read more

Solari insists he is satisfied with Isco

first_imgReal Madrid manager Santiago Solari has revealed he is pleased with Isco despite benching the player on Saturday.Solari insists he is satisfied with Isco despite only using the former Valencia man as a late substitute during Madrid’s 2-0 LaLiga win over Valencia at the Santiago Bernabeu.Isco was not in the matchday squad for Tuesday’s UEFA Champions League 2-0 win at Roma and also started from the bench when Valencia came to town on Saturday night.An early own goal Denmark’s Daniel Wass set Madrid up for the win before a Lucas Vazquez strike ensured the European champions picked up all three points after Isco was brought on to the pitch.Madrid also have goalkeeper Thibaut Courtois to be grateful for, after his key saves kept Los Che at bay and gave Solari a much-needed win after last week’s disappointing loss to Eibar.Just in: Isco adds to Real’s injury problems George Patchias – August 28, 2019 Real Madrid’s Isco has added to Zinedine Zidane’s problems after suffering a hamstring injury.According to Marca, the problem has developed in his right hamstring,…Isco is yet to start a game for Madrid since Solari replaced Julen Lopetegui, although he has been recovering from appendicitis surgery.Solari, who has regularly denied there’s an ongoing rift between him and Isco, again praised the Spain international despite preferring to name Marcos Llorente and Dani Ceballos in his XI.“He would be decisive when we had a transition,” Solari said, according to FourFourTwo.“[I am] satisfied with him and with everyone.”last_img read more

TCI Youth looking for mentors

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, November 30, 2017 – Providenciales – The Youth Department is looking for mentors.   The Big Brother, Big Sister program will have volunteers working with young people from 11 to 17 years old.    If you are interested contact the TCI Department of Youth Affairs today.#MagneticMediaNews#BigBrotherBigSisterprogram Related Items:#BigBrotherBigSisterprogram, #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

People on the Move 121108

first_imgCondé Nast named Julie Raimondi editor in chief of Brides.com. Raimondi also will remain in her role as editor-in-chief of the 16 Brides local mgazines, the publisher said.Robert W. Merry, the former longtime president andeditor-in-chief of Congressional Quarterly, was appointedpublisher of global intelligence publisher STRATFOR, beginning inJanuary. CQ was acquired this summer by the Economist Group, which formed the CQ-Roll Call group.Lebhar-Friedman’s Nation’s Restaurant News announced a number of personnel changes: retail and foodservice groups group publisher Randall Friedman was named publisher, replacing Tom Larranaga; national sales director Chris Keating was promoted to associate publisher; and executive editor Robin Lee Allen and online executive editor Sarah Lockyer were appointed co-leaders of the editorial team, replacing Ellen Koteff.American Express Publishing named Toby McKenna advertising director of digital at TravelandLeisure.com. Also, Amy Koblenzer was named photo director of Travel + Leisure. Koblenzer most recently served as photo editor at Gourmet, a position she held for six years. United Business Media’s Think Services Game Group promoted Simon Carless to global brand director. Carless replaces Think Services executive vice president Kathy Astromoff, who recently took on a broader management role.Rachel Wintner was appointed to the newly-created position of vice president of sales at Glam Media. Previously, Wintner served as associate publisher of Conde Nast’s Style.com. Playboy Enterprises Wednesday named senior vice president of strategic planning and treasurer Robert D. Campbell interim CFO, effective January 1, 2010. Campbell replaces Linda G. Havard, who announced her resignation last month and plans to leave the company by the end of the year. The company said it hired BridgeGate LLC to lead the CFO search and that it will bconsider both internal and external candidates. Hearst Magazines International named Sophia Stewart executive director of digital. Most recently, Stewart served as executive director of mobile at Hearst Magazines Digital Media.George Brooks announced his retirement as executive vice president of Norfolk, Virginia-based magazine publisher Dominion Enterprises and as president of Dominion Market Media. Brooks’ departure will be effective January 22, 2010.As part of a restructuring, Tracey Altman was let go as publisher of Reader’s Digest magazine. Her responsibilities will be taken over by Eva Dillon, president of the Reader’s Digest Community. While Altman told FOLIO: she has since contacted her legal counsel, she called it “standard procedure” and said she is not planning legal action against RDA, as was initially reported.last_img read more

NOW HIRING 10 New Job Openings In Wilmington

first_imgWILMINGTON, MA — Below are some of the newest job openings in Wilmington:Part-Time Scholar Intern at Analog DevicesPart-Time Applications Engineer Intern at Analog DevicesFull-Time Marketing Automation Specialist at Sovos ComplianceFull-Time Lead Customer Service Representative at SpeedwayPart-Time Lead Customer Service Representative at SpeedwayFull-Time Assistant Manager Trainee at SpeedwayPart-Time Package Handler at UPSFull-Time Library Courier at Optima ShippingFull-Time Warehouse Sort Supervisor at Optima ShippingPart-Time/Full-Time Licensed Nail Tech at La Chic Nail Spa(NOTE: Wilmington businesses — Feel free to send me your job postings at wilmingtonapple@gmail.com.)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 wilmingtonapple@gmail.com.Thank You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedNOW HIRING: 10 New Job Openings In WilmingtonIn “Business”NOW HIRING: 10 New Job Openings In WilmingtonIn “Business”NOW HIRING: 10 New Job Openings In WilmingtonIn “Business”last_img read more

OnePlus 7 Pro said to support 5G and have a super fast

first_img Share your voice Retail site Giztop has already published rumored specs for the forthcoming OnePlus 7 that include a 6.5-inch AMOLED screen, a Qualcomm Snapdragon 855 processor, rear triple cameras, a 16-megapixel pop-up selfie camera, a 4,000-mAh battery and Oxygen OS 9 base running on Android 9.0 Pie.  Starting at $569 (about £440 or AU$800), the phone will also come with 128GB of storage that can be expanded to 256GB by adding a microSD card, according to the listing.  OnePlus 7 has a ‘faster’ screen. Will you care? Now playing: Watch this: Comment The company’s next flagship is expected this spring, possibly as early as May 14. The Verge suggests that although the OnePlus 7 Pro will support 5G, the company is downplaying it, given the near-term limits of the next generation network.  Previously, OnePlus had said that it would be among the first to have 5G in a phone — but that the device would not come to the US. The company did not immediately respond to a request to comment. Read more: Everything we know so far about the OnePlus 7 Shenzhen-based OnePlus originally captured a following by making phones with many of the premium features found on Apple and Samsung’s premium phones and selling them for hundreds less. Since then, it’s tweaked that strategy: OnePlus now has one of the highest increases in cost from model to model. Excited to share the next product from OnePlus will unleash a new era of Fast and Smooth. Especially Smooth! Smooth is more challenging than Fast – a true test of hardware and software.The new product is just beautiful – I can’t wait for you to see it! 😬✨ pic.twitter.com/yPU9sEbeIv— Pete Lau (@petelau2007) April 17, 2019 Phones 1 OnePlus Tags A purported photo of the OnePlus 7 showing a pop-up camera. Giztop Editors’ Note, May 14, 2019: CNET’s OnePlus 7 Pro review is here. Read more about the new phone from OnePlus.   OnePlus is reportedly planning to introduce a new premium phone in 2019 that supports 5G and features new display technology. Called the OnePlus 7 Pro, the phone will have a display that’s “super smooth and very crisp,” OnePlus CEO Pete Lau told The Verge. The report speculates that the display may support a 90Hz refresh rate that’s about 33 percent faster than most other smartphones. The faster refresh rate may have been foreshadowed by Lau in a tweet from last week: 1:38last_img read more

Origin PC acquired by Corsair so you dont have to build your

first_img Share your voice Computers Computer Accessories Laptops Gaming Tags Comments Corsair just bought Origin PC.  Corsair PC gamers might have a lot to look forward to. Corsair, a computer peripherals and hardware company, on Wednesday said it’s acquired Origin PC. Origin PC specializes in hand-built, personalized computers designed to optimize the gaming experience. The companies plan to expand Corsair’s iCUE software ecosystem into Origin PC’s systems, according to a press release. Corsair says this will offer gamers systemwide lighting synchronization and performance monitoring. In addition, the new range of Corsair Hydro X Series custom cooling will soon be found in select Origin PC systems.Financial terms of the deal weren’t revealed, but Corsair said Origin will remain a separate brand. All existing warranties, purchases and support are unaffected, according to the release. Corsair will continue producing its own product line — Vengeance PC, Corsair One and the Corsair One Pro — and brands. Andy Paul, founder and CEO of Corsair, said one of the reasons the company acquired Origin PC was the desire to reach more North American customers who wanted to buy systems, not build them. “With Origin PC’s expertise in personalized custom gaming systems and Corsair’s strength in performance PC hardware and the iCUE software ecosystem, we’re excited to combine our efforts to create new world-class gaming experiences for PC gamers,” Paul said in the release.Origin PC CEO Kevin Wasielewski said Corsair was a “fantastic partner” to help the company move forward. “With a complete range of enthusiast PC products, Origin PC and Corsair are uniquely placed to create amazing new systems that make the experience of owning a personalized custom gaming PC better than ever,” Wasielewski said in the release.  2 Now playing: Watch this: 1:30 Origin PC brings a 16-inch gaming laptop to CES 2019last_img read more

Meghan Markle being treated the same as this controversial Royal the Palace

first_imgMeghan MarkleGetty ImagesIt looks like Meghan Markle is being put through the ringer, just like Princess Diana was. The Duchess of Sussex faces the same gruelling treatment upon entering the Royal Family as Princess Diana, with both failing to get any training on life as a royal, according to Princess Diana’s former butler.Meghan Markle will have received no training upon entering the Royal Family in 2018 when she married Prince Harry in a lavish Windsor Castle ceremony, according to royal commentator Paul Burrell. And we have to say, that might just be the case as Meghan Markle has been dubbed “Duchess Difficult” by many, including the Royal staff. What the former Hollywood star may need is proper training to become a Royal. As being a celebrity and being a Royal are not the same thing.Reportedly Paul Burrell worked with Diana from 1987 until her death in 1997 and revealed she received very little training to prepare her for royal life. Mr. Burrell spoke to Yahoo’s Royal Box. When asked what training Meghan would have received after marrying into the Royal Family, he said: “Would you believe there is no rulebook. There is no etiquette lesson. There are no advisers…..Nobody prepares people coming into the Royal Family.”  Meghan MarkleGetty ImagesMeghan Markle has already rubbed quite a few people the wrong way with her disregard for Royal rules and protocols. When asked whether Meghan will have to “tone down” her beliefs as a royal, Mr Burrell replied: “Yes, of course. What comes with maturity is a set of beliefs and they don’t always sit well with the Royal Family.”But it looks like that is something Meghan Markle won’t be doing. As the Duchess of Sussex got her independence when the couple Sussex split from the Royal household. Prince Harry and Meghan Markle moved to Frogmore Cottage to raise baby Archie away from the Palace. Meghan Markle already seems to be carving her own path as a Royal.last_img read more

Trump says very popular spokeswoman Sanders to leave

first_imgIn this file photo taken on 8 May White House press secretary Sarah Sanders speaks to the press in the driveway of the White House in Washington, DC. Photo: AFPUS president Donald Trump on Thursday announced the surprise departure of his spokeswoman Sarah Sanders, after a combative tenure that saw her all-but-kill off traditional White House briefings to journalists.Sanders has been one of Trump’s most loyal foot soldiers, almost constantly at his side during his tumultuous two and a half years at the White House and during the campaign before.Trump announced her exit in a tweet and did not name a replacement.”After 3 1/2 years, our wonderful Sarah Huckabee Sanders will be leaving the White House at the end of the month and going home to the Great State of Arkansas,” Trump said, adding that he hoped she would run for governor of her state.Sharp, sometimes acid-tongued, Sanders has not been prone to the almost comic slip-ups that embarrassed predecessors in the job, such as short-lived Trump spokesman Anthony Scaramucci.But she has earned a reputation for bruising clashes with journalists whom she finds over-critical — often echoing her boss’s attacks on unfavorable coverage as “Fake News.”At a White House event Thursday on reintegration into society for ex-prisoners, Trump interrupted proceedings to summon the “warrior” Sanders from the audience and lavish praise on her record.Calling her “a friend, a woman, a great, great magnificent person,” Trump said, “she’s very popular.”In fact, Sanders, 36, has a sometimes bitter relationship with the White House press corps and is seen as responsible for the demise of the formal daily briefing — practically an institution under previous presidents.Pressed during one particularly combative briefing to distance herself from Trump’s characterization of the media as the “enemy of the people,” Sanders refused.The last time she took to the podium for a back-and-forth with reporters in the White House briefing room was 11 March. Instead, she communicates largely through interviews on the president’s favorite TV network Fox News and short, informal briefings with other journalists outdoors.She has also been accused of telling repeated lies to reporters, although she denies this.Despite Sanders’ damaged reputation in media circles, there had been no hint from the administration that her exit was imminent.Sanders’ father Mike Huckabee is a former Republican governor of Arkansas, making her something of a member of conservative royalty.No tearsCalled up to the microphone by Trump at the ex-prisoners’ event, a visibly emotional Sanders said she would “try not to get emotional, because I know crying can make us look weak.”In a brief address, the spokeswoman praised Trump and her colleagues at the White House, saying she “loved every minute” of the job.”I’m going to continue to be one of the most outspoken and loyal supporters of the president and his agenda and I know he’s going to have an incredible six more years and get a lot more done,” she said.She made no mention of the media or the role of journalists at the White House.Although Sanders is often blamed for the White House’s killing off of the press briefing, she has been serving a president who from the start decided to tear up the media playbook.With Trump communicating directly via Twitter and other social media to tens of millions of people every day, the traditional role of a press office putting out statements has become partly redundant.And while journalists now rarely hold the administration’s feet to the fire in the calm, organized setting of the briefing room, they have extraordinary access to Trump himself.Weekly, the president holds his own impromptu briefings in the Oval Office or out on the South Lawn before boarding his Marine One helicopter. In contrast to real press conferences, these occasions can be chaotic and are rarely carried on live television.Sanders may not speak much, but she is always there — in the background.last_img read more

New Ikea Video Suggests at Least Two SonosPowered Speakers Coming to Be

first_imgIkea is getting ready to unveil the smart speaker products it has been building with Sonos: The furniture giant will unveil its first smart speakers at the Milan Furniture Fair next month, it announced Thursday.And with the announcement also come a few hints of what to expect, thanks to a teaser video. The 40-second video features a stylized living room and kitchen, complete with two strategically blurred-out areas.The positioning and size of those masked spots suggests that the company may be getting ready to introduce at least two speakers with distinct form factors: A speaker shelf that would fit on a kitchen wall, and a standalone speaker that one might place on an end table.Ikea first previewed design concepts for its Sonos-powered products last year, including one that doubled as a shelf. The company specifically called out this prototype in its press release Thursday, calling it “a book-shelf speaker that will give customers a great connected speaker that enables a multi-functional usage in the home, at an affordable price.”Ikea’s smart speakers will apparently also integrate with the company’s Tradfri smart light systems. ‎”Together with Sonos we wanted to combine our home furnishing knowledge with their expertise in creating great sound experiences for every room of the home, and in Milan we want you to experience the real difference that sound and light makes in your life,” said Ikea smart home business leader Björn Block in a statement. Ikea plans to unveil the final version of its Sonos speakers on April 9 in Milan. The company previously announced that the speakers will go on sale in August.The cooperation could be a big boost for Sonos, with executives telling investors in a recent earnings release that it could “potentially introduce millions of new households to the Sonos app and experience.” ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img Popular on Variety last_img read more

Singleinlet electric vehicle charging to showcase in LA

first_img Citation: Single-inlet electric vehicle charging to showcase in LA (2012, May 5) retrieved 18 August 2019 from https://phys.org/news/2012-05-single-inlet-electric-vehicle-showcase-la.html (Phys.org) — Big names in global car manufacturers have announced a common method for charging electric vehicles. The companies are in agreement with a common charging technology for use on electric vehicles in Europe and the United States. The new method will provide special convenience by enabling car owners to charge their EVs using AC or DC from a single inlet. The charging system will allow for both alternating current and faster direct current charging on the same port. Another feature of the new system is that the charge can be done in faster time; a battery charge will take only 15 to 20 minutes. Explore further Seven auto manufacturers collaborate on harmonized electric vehicle fast charging solution Audi, General Motors, BMW, Chrysler, Daimler, Ford, Porsche, and Volkswagen are the automakers who support the technology, which will be showcased next week at the Electric Vehicle Symposium (EVS) in Los Angeles, from May 6 to May 9.The first vehicles to use the system are expected next year. Vehicles are already in development that will be capable of using the new system. The charging solution is titled “DC Fast Charging with a Combined Charging System” or Combined Charging System, for short. An EVS statement says this is a step forward in reducing complexity with its combined AC and DC charging. “One vehicle inlet, one control logic, one communication path, and one electric architecture.” The LA event will show vehicles and charge pumps for the Combined Charging System. According to reports, the system was developed for all international vehicle markets. Uniformity was key, with identical electrical systems, charge controllers, package dimensions and safety mechanisms.Numerous auto blogs point to the announcement as good news for an EV industry trying to achieve wider consumer adoption by coming up with practical solutions for battery charging. Car buyers understandably are skittish about not having available charging opportunities on longer drives or about charging waits. The new method takes15 to 20 minutes to power up a car using a similar standard.The charging system integrates one-phase AC-charging, fast three-phase AC-charging, DC-charging at home and ultra-fast DC-charging at public stations into one vehicle inlet. The International Society of Automotive Engineers (SAE) has chosen the Combined Charging System as a standard that incrementally extends existing Type 1-based AC charging The standard is to be officially published this summer. ACEA, the European association of vehicle manufacturers, has chosen the Combined Charging System as its AC/DC charging interface for new vehicle types in Europe as of 2017.According to a Chrysler release, the timeline is as follows: Commercially available combined charging units are projected for later this year. All committed OEMs have vehicles in development that will use the Combined Charging System. The first vehicles to use this system will reach the market in 2013. © 2012 Phys.Org 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.last_img read more

Woman sexually assaulted on train from StokeonTrent to Manchester

first_imgPolice search for missing woman Want to tell us about something going on where you live? Let us know – Tweet us @SOTLive or message us on our Facebook page . And if you have pictures to share, tag us on Instagram at StokeonTrentLive . Punter found hiding in bushes Driver named following fatal collisioncenter_img Dad slams ‘disgusting’ hospital window Get the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailPolice have released a photograph of a man they want to speak to after a woman was sexually assaulted on a train. The woman was on a train travelling between Stoke-on-Trent and Manchester Piccadilly railway station when she was approached by a man who sexually assaulted her. British Transport Police have today issued a public appeal for information following the incident, which took place at around 10.40am on Saturday November 10. A British Transport Police spokesman said: “Officers believe the man in CCTV images may have information which could help them investigate. “If you recognise him, or have any information, please contact BTP by texting 61016 or calling 0800 40 50 40 quoting reference 302 of 10/11/18. “Alternatively you can call Crimestoppers anonymously on 0800 555 111.” Read MoreTop stories on StokeonTrentLivelast_img read more

Wheres the space Time is running out for late December bookings

first_img Travelweek Group Posted by Tags: Holiday, Vacation Where’s the space? Time is running out for late December bookings This story originally ran in the Dec 6, 2018 issue of Travelweek magazine. To get Travelweek delivered to your agency for free, subscribe here.TORONTO — A quick check with several of the major ITC tour operators confirms that space is getting tight for the ever-popular Christmas break, but there are still good pockets of availability in several top sun destinations.Agents making all of these bookings might be ready for a break themselves, especially if they’re in Atlantic Canada, where a recent winter storm left 300,000 without electricity. Add to that the extended cold snap in the western Prairies and an early taste of winter weather in Ontario and Quebec complete with grey skies, wind chill and snow, and most Canadians are already weary of winter, and it hasn’t even officially started it.The long-range outlook for the 2018-2019 winter season across Canada divides the country into thirds: above-average temperatures for Alberta and B.C., normal temps for Saskatchewan, Manitoba and northwestern Ontario, and – sorry – below-average temps for southwestern Ontario, Quebec and Atlantic Canada.Meanwhile the short-range outlook, for last-minute late December winter Sun bookings at least, is hot and getting hotter. “The availability for popular dates and hotels is starting to be limited,” says Air Canada Vacations spokesperson Barbara Mengue Mbo. “In destinations like Saint Lucia, Antigua, Grenada, Jamaica, Cancun, Punta Cana, Puerto Vallarta, inventories are getting tight. We recommend not to wait and book now before it is gone.”There are still good rates and availability for Cuba destinations in late December, she adds, for any clients looking for deep pockets of inventory where they can expect a good choice of room categories.Clients planning the ‘perfect’ holiday season getaway often have high expectations but as agents know, the later they book, the narrower the options get. Transat spokesperson Debbie Cabana says for last-minute getaways, clients “need to be flexible on mostly everything: arrival and departure dates, hotel and destination.”She adds: “What we always recommend for the peak periods of the year, like the Christmas break, is that clients who have a very specific idea of where they want to go should book quickly, because it’s a very popular period for South getaways, specifically around the New Year. And because of the great demand, hotel prices are usually at their highest during that time, so the whole idea of last-minute getaways can sometimes be tricky.”Transat’s daily flights to Punta Cana make for a lot of choice and flexibility in one of the D.R.’s most popular destinations. Cabana also notes that Cuba “is making a strong comeback after a more difficult season last year due to hurricanes”, and is always a great choice. “Finally, travellers shouldn’t forget about South and Central America, which are a favourite among our clients visiting friends and families. These destinations, which are getting more and more popular, are often great options to escape, because they’re a little further down South. This almost guarantees very warm weather during the Christmas break.”Bookings have been getting closer and closer in over the years, not just for the holidays but year-round, even with all the EBBs out there to incentive earlier bookings. The growing popularity of Black Friday promotions in Canada gave bookings for this winter and further out a much-needed kick start. Air Canada Vacations saw its highest-ever one-day sales volume on Nov. 23 – Black Friday – with a 300%+ increase over a typical day. Black Friday 2018 represented the highest single-day sales in the company’s 38-year history. Bookings came in for everything from beach destinations in the Caribbean and Mexico, to city breaks in Canada, the U.S. and Europe.Meanwhile Sunwing is expanding its flight network to keep up with demand from southwestern Ontario, with the launch of new service from Detroit, Michigan for the first time ever.Starting Jan. 20, 2019 and running until April 22, 2019 inclusive from Detroit Metropolitan Airport, the new flights will operate on Sundays to Punta Cana, and twice-weekly on Mondays and Fridays to Montego Bay. Travellers can book select vacation packages to both Sun destinations.“We are excited to be offering Canadians more convenient ways to travel south this winter with the addition of the new departure airport in Detroit, Michigan. This route is a great addition to the current weekly flight service out of London and Windsor and offers travellers in Southwestern Ontario a wider selection of vacation options,” says Andrew Dawson, President of Tour Operations for Sunwing Travel Group. For agents looking for space for clients for late December getaways, Sunwing is recommending both Punta Cana and Cancun. Suggested resorts include Royalton Riviera Cancun Resort and Spa, Royalton Blue Waters in Jamaica, Royalton White Sands Montego Bay, Royalton Negril Resort and Spa and Grand Memories Splash in the D.R. center_img Wednesday, December 12, 2018 Share << Previous PostNext Post >>last_img read more

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first_img Top Stories Comments   Share   Nevada officials reach out to D-backs on potential relocation Cardinals expect improving Murphy to contribute right away I have a question for Cardinals fans: What did Kevin Kolbdo deserve getting booed Wednesday night? We’re nottalking about a game, and we’re not even really talkingabout a practice. We’re talking about a minicamp workoutat Fan Fest! Kolb probably thought he was back at LincolnFinancial Field instead of University of Phoenix Stadium.Besides, when did you turn into Philly fan?Of course last season was a disappointment. Kolb would bethe first to tell you he should’ve thrown more than ninetouchdowns and fewer than eight interceptions in only ninestarts. He’d also tell you he should’ve made more thannine starts. I’m guessing he didn’t overly enjoy battlingturf toe and head injuries last season. I’m going to alsoassume Kolb didn’t enjoy feeling like a sitting duck inthe pocket because his left tackle didn’t/couldn’t blockfor him. Sure he had happy feet, but wouldn’t you? D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Kolb would’ve also benefitted from offseason workoutsafter being acquired from Philly last season. Save your“Cam Newton did just fine without OTA’s and Minicamp, andhe was a rookie” comments. Kolb is not Newton. Not evenclose. Newton has a legitimate chance to be a Hall ofFame quarterback. If he stays healthy, I believe Kolb willbecome a solid NFL starter (think along the lines of RichGannon) that can help a team win games, but will probablynever carry a team. It’s not like Kolb came to Arizona with a sense ofentitlement. Sure he got a nice contract, but he also knewthe Cards were somewhat desperate for someone who couldgive them a chance to win games. He didn’t demandoutrageous money. He came in, said the right things andput in the work to try and hastily learn a brand newsystem.Even Larry Fitzgerald commented during training camp howimpressed he was with Kolb’s work ethic. Of course youwant that to translate to the field, but things don’talways work out that way.I know the fans who booed Kolb in June are the same oneswho’ll be sporting No. 4 jerseys in November if he’shelping the Cards rack up wins. They also might be thesame people who demand patience when they’re struggling ina particular area of their life, but aren’t as forgivingtoward others. Assuming Kolb begins the season as the starter (and Ibelieve he should), he needs a strong start. This is afranchise that has high expectations and it should. IfKolb comes out and struggles, then feel free to expressyour frustration. But to lob jeers at a guy in his firsttrue offseason when he’s coming off a head injury is a bitmuch. Don’t be lame, Cards fan. – / 33 What an MLB source said about the D-backs’ trade haul for Greinkelast_img read more

TiVos European business helped the DVR technology

first_imgTiVo’s European business helped the DVR technology specialist grow its total subscriber base by 524,000 to 2.5 million in the 12 months ending April 30.The company has seen strong growth at UK cable operator Virgin Media. “Virgin Media continues to be a wonderful example of how strategically important our product has been in bolstering pay TV offerings,” said Tom Rogers, CEO and president of TiVo. “Virgin Media recently reported it added another 242,000 TiVo subscribers, bringing the total to 677,000, or 18% of its entire base in just over a year’s time. Virgin Media is growing its pay TV subscriber base faster than its key competitors, which is a significant reversal in trends and remarkable given the tough economy in the United Kingdom. We believe this is evidence that TiVo is fuelling a substantially improved competitive position for Virgin Media.”TiVo also delivers its service via Spanish cable operator Ono, which doubled the number of TiVo customers since the previous quarter.At last week’s Cable Show, TiVo announced a deal with Pace to devlop the TiVo-Pace XG1 set-top box, a six tuner gateway. Rogers said the device would enable operators to use TiVo’s whole-home solutions, including support for traditional and IP services. “We feel this will be a real potential accelerant for deployment of TiVo,” he said.TiVo posted first quarter service and technology revenues of US$54.5 million (€43.8 million), up 40% per year. A one-off payment relating to a Dish Network settlement meant TiVo reported a net loss of US$20.8 million for the quarter.last_img read more

Swedish cable operator Com Hem has said that it wi

first_imgSwedish cable operator Com Hem has said that it will raise gross proceeds of up to SEK6.237 billion (€688 million) through its IPO, with the offering valuing the equity of the firm at SEK10.637 billion to SEK12.437 billion.In the prospectus for its stock market floatation, Com Hem said that it expects to set the price for the offering at between SEK44 and SEK62 per share and sell between 91.4 and 128.9 million newly issued shares.The application period for the offer to the Swedish public is expected to start on June 4, 2014 and close on June 13, 2014. Private placements to institutional investors, including a private placement in the US to qualified institutional buyers will start on June 4 and end June 16.Com Hem is expected to begin trading on the NASDAQ OMX Stockholm on June 17, 2014 under the trading ‘COMH’.“Significant investments have been made in order to strengthen our business and I am convinced we have a compelling value proposition to customers,” said Com Hem CEO, Anders Nilsson.“Together with the management team and all our employees we are ready to embark on this exciting journey. We have created a solid platform, now it’s about execution. We welcome new shareholders to take part in Com Hem’s future as a listed company.”Com Hem said that after years of private ownership the IPO will help support the firm’s “future growth and operational strategy” and provide financial flexibility and improved access to public capital markets.Com Hem is offering shares that will raise gross proceeds of SEK5.67 million. However, it has also granted its joint global coordinators an ‘over-allotment option’ to purchase an additional 10%-worth of new shares. Assuming that this option is exercised in full, the offering will amount to SEK6.237 billion.Com Hem first announced its intention to launch an IPO on May 23, 2014.last_img read more

Today we have the great pleasure to introduce you

first_imgToday we have the great pleasure to introduce you to James Turk, a well-known investment guru, international investor, and co-founder of the increasingly popular GoldMoney.com.In this interview, James will talk about:His past and the lessons of relevance to all those who want to live an international life.Current trends and what people can do to protect themselves during these volatile times.His GoldMoney service, one which we receive quite a few questions about here at International Man every month.So, without further ado, let’s begin…International Man: For those who aren’t familiar with you or your work, can you tell us a bit about yourself?James Turk: I have over 40 years of experience in international banking, finance and investments. I began my career with Chase Manhattan Bank, now JPMorgan Chase, which is one of the big New York banks. I then worked with one of the world’s top commodity traders, before moving to Abu Dhabi where I managed the commodity department for its sovereign wealth fund. It was one of the seven countries in which I have lived, but I now live in Europe.I have written extensively over the last 25 years about money and investments. Many of my articles are posted on the Internet, but I am particularly proud of a book I co-authored with my friend, John Rubino, The Collapse of the Dollar and How to Profit from It. It was first published in 2004 and correctly laid out the reason for owning gold and why banks and other financial companies like Fannie Mae were heading for trouble. We also explained why the bubble then prevailing in the housing market was ready to burst.In the late 1990s I formed GoldMoney with my oldest son, Geoffrey, who is now its CEO. Since its launch in 2001 GoldMoney has become a leading provider for buying gold, silver, platinum and palladium online to buyers worldwide. It is presently storing in vaults in London, Zurich and Hong Kong over US$2.2 billion of precious metals owned by customers located in more than 100 countries.Lastly, I am also a director of the GoldMoney Foundation, a not-for-profit educational organization dedicated to providing information on the role of gold and silver as money and currency and their importance to society. I am a firm believer that gold’s use as money is inextricably interlinked with human liberty. The Foundation promulgates this key point through published material, videos and conferences.IM: When did you personally start living and investing overseas?JT: I always wanted to live abroad and travel, which is one reason I joined Chase. They promised an overseas assignment when I completed my training program in New York City, and in 1971 I moved to Thailand. I spent most of that decade living and working in Asia. It was a great experience and provided a strong base on which to build my business career.It was the early 1970s when I first began international investing for my personal portfolio. I don’t remember the year, but I remember the event well. I tried to invest in a fund managed by Robeco, a big Dutch asset management company. They didn’t accept my application because I used my US address, and the fund was not registered with the SEC.That irritated me, being self-reliant and believing that I did not need any government agency watching over my shoulder when I made an investment. It also made clear to me the nanny-state environment in which we lived back then, which in my view has become even more onerous and oppressive today. But that event from 40 years ago had a useful outcome. It set me on a path to learn the ins-and-outs of international investing and the arcane rules governments imposed.IM: What motivated you to look outside your home country for fortune and opportunity in the first place?JT: Though I was born and raised in the States, I had an international perspective as long as I can remember, probably because my father was born in Europe. As Shakespeare so wisely advised, the “world is your oyster”. In this regard, I have always believed that you can do or achieve anything you want in life. It just takes planning and a lot of hard work.Everyone has the freedom to do so, but not everyone has the same motivations. Nor does everyone have the goal to view the whole world as an opportunity to improve their situation in life and to make sure their children have a better standard of living than they did as children. This objective was important to my parents. So maybe I learned it from them, but then again, maybe it is just human nature because I have seen that motivation time and again in many countries and many different cultures.IM: What steps have you taken personally to plant flags overseas?JT: There are many. I live in Europe and have travelled to over 50 countries. The company I founded is European-based, but has a global customer base. My wife and youngest son are British. I could go on, but those are the ones that immediately come to mind.IM: In a previous conversation, it was mentioned to me that Doug Casey’s book, The International Man, was an important influence on your way of thinking. Can you elaborate on that?JT: Yes, it was one of the sources of good information that I read back in the 1970s. There was not a lot of material back then on how to internationalize your life, which was my objective. So I bought a copy and learned a lot from it. There are two ways to gain useful experience – “reading” and “doing”. Both are invaluable.TrendsIM: In a recent article, you mention the “Last Plane Account“, which basically suggested setting up structures overseas so that if all domestic assets were seized, one would have a nest-egg available to still live a comfortable life. When did you first realize such a plan was needed for US citizens?JT: The name “last plane account” was an informal one that we used in Chase to refer to a marketing program that explained the necessity for southeast Asian businessmen to have bank deposits outside their home countries. The idea was that if turmoil wracked the country where you lived, you and your family could get on the “last plane” and live somewhere else in the same manner to which you were accustomed, even if you needed to leave behind many assets – like a house and your company’s factory.Remember, the domino theory still prevailed back in the 1970s, and everyone wondered and worried about what country in that part of the world would be the next to fall to communism. If it did, you clearly would want some of your wealth invested globally so that you and your family could live comfortably if forced to flee your home country, or just because you simply chose to do so. The idea was that you could then return to your home country once a sane political climate was restored with a rule of law that protected property rights.At first I didn’t realize that everyone needs a “last plane account” – even Americans. But my thinking began to change not long after moving to Thailand. I became friends with a wealthy Thai businessman whose family lost a fortune in real estate when the Chinese Red Army under Mao took control of that country. They left China only with their suitcases, which fortunately for them carried some gold and jade. After fleeing China, they settled in Thailand and through hard work re-built their fortune with the capital they were able to bring with them. It was actually a story that I eventually heard many times over the years I was in Asia.Then in late 1974, I agreed to move to Beirut, Lebanon, which back then was a plum assignment in the bank. However, the civil war there began before I could pack my bags, and because I had a family, the assignment was cancelled with mutual consent. It was a wake-up call for me. Like the experience related to me by my Chinese friend, it opened my eyes, and I began to really recognize that there are a lot of unsafe places in the world. More to the point, over the years I’ve seen dozens of countries change from good to bad, while some changed from bad to good.Sometimes the change occurs rapidly, as it did in Lebanon. Sometimes the change occurs slowly, which is what happens in most countries. The change can be so slow as to be imperceptible to most people living there, which is one of the reasons I recommend that people live for a time in different countries. It gives you a different perspective.When I look at the States, Thailand and the other countries where I have lived, from outside, I see things that I missed when I lived there. I think this perspective is important to understand that we live in a world that is constantly changing. So regardless of which country you were born, I recommend that everyone travel and live abroad, at least for a time, to gain some useful and unique experiences. When you do, I think you will better understand the reasons for a “last plane account” and appreciate the need to prepare for an uncertain future.IM: Can you tell us what such an account would consist of?JT: Clearly, I would not recommend today what we at Chase were offering back then, namely, bank deposits. These do not make sense in today’s topsy-turvy world.I would put into the account the same thing that you would put in any portfolio. There would be undervalued assets as well as safe assets in a mix that would enable you to sleep well at night knowing you were prepared to live comfortably somewhere in the world if you left your home country.The safe assets would of course be gold and a home for shelter. The undervalued assets would primarily be stocks, particularly a globally diversified portfolio and one that paid reasonable dividends to provide income. I don’t recommend commercial real estate, but other real estate – like an apartment building, farmland or timberland – could also be a safe asset in the right jurisdiction.Remember though, there is a fundamental difference between visible wealth and wealth that cannot easily be seen. Visible wealth is always a potential target for governments around the world looking for assets to tax or even confiscate, and one must factor in that risk. In fact, this risk is one of the reasons for diversifying globally. Diversification always mitigates risk.IM: With all this money printing in the world do you see hyperinflation in the US dollar and hence the world?JT: Sadly, yes, I do expect hyperinflation, and we are getting very close. Hyperinflation manifests itself in two ways, depending on the nature of the currency. In Weimar Germany in the 1920s and Zimbabwe more recently, very few people had bank accounts. Nearly all commerce was conducted with cash-currency. In contrast, in Argentina in 1991 nearly everyone had a bank account, with the result that nearly all commerce was conducted with deposit-currency. In other words, payment for goods and services was conducted through the banking system with checks, wire transfers, plastic cards and the like. All three countries experienced hyperinflation, which always has the same cause, regardless how it manifests itself. It boils down to a simple chain of events.A government spends too much, forcing it to borrow. Because governments have difficulties cutting back on spending when they have unlimited access to their central bank and no external discipline or constraints imposed on politicians’ aspirations to spend, eventually these borrowings become bigger than the market has the capacity or willingness to lend. The central bank then steps in to create the currency the government wants to spend, whether it is running a printing press in Zimbabwe or the computer in Argentina.Both examples are generally referred to as “printing money”, but now it is usually called “quantitative easing”. Maybe governments think that by giving it a name change, the process somehow becomes acceptable. Call it what you will, but it is the same thing and if not stopped, inevitably leads to hyperinflation. Given that the president and Congress don’t seem willing to change direction, and given their plans for more spending and more deficits, the US dollar is clearly on the path toward hyperinflation.IM: If so, what will the end of the US Dollar look like for the man on the street?JT: It will look like the Continental, America’s first currency, or the currencies of dozens of other countries that followed the same path. The dollar will be worth nothing. This outcome is particularly tragic because we failed to learn from the framers of the American Constitution. One of the reasons they aimed to create “a more perfect Union” was because of the economic hardships and dislocations caused by the collapse of the Continental. They purposefully created with the Constitution a common market and common currency. Their intent was made clear by one of the first acts of the new Congress, The Coinage Act, which George Washington signed into law in 1792. It was the law of the land until being ignored in the 20th century by politicians wanting to expand the scope of the federal government. To achieve that aim, they needed to spend money. But they could not do that with the dollar being tied to gold and silver.Precious metals cannot be created “out of thin air”, so they provide the necessary discipline on government spending. The US, and indeed, the entire world has abandoned that discipline and money is now created capriciously by central bankers.IM: For those who have followed the gold and silver commentaries for the last number of years, they will already know that you are exceptionally bullish on precious metals right now. However, in your mind, could something happen where the trend towards higher prices stalls for a while or potentially even reverses?JT: I assume you are asking about a major price reversal, and not just some temporary setback. In my view, only one thing would cause that. There would have to be a massive reduction in the quantity of dollars, and I don’t see any prospect for that. The Federal Reserve doesn’t seem intent on doing that given it has said it is committed to preventing deflation.Of course, at any moment in time the price of gold or silver can have a setback. That is the nature of bull markets. But don’t let these periodic corrections shake you out of the market. The key to successful investing is to accumulate assets when they are undervalued, and continue to hold them through periodic corrections. Only sell them when they become overvalued. It sounds easy, but can be hard to do in practice because people often get emotionally attached to assets, be it a house, a stock or gold.To eliminate the emotion, I always rely upon objective measures of value. Two that I use most frequently for gold and often write about are my Fear Index and my Gold Money Index. Both of these indicate that gold remains undervalued. But aside from these objective measures, I think there is also a good anecdotal one. I expect all fiat currencies to collapse. Consequently, you will not sell your gold when it becomes overvalued; you will spend it. In other words, gold will once again become currency, which is one of the goals we are working toward at GoldMoney. At that future time when gold becomes overvalued, you will take the gold you are now accumulating and spend it to invest in assets that are undervalued or spend it buying consumer goods. We are still far away from that moment.IM: What are your thoughts on possible confiscation from government or forced buy back of gold from its citizens, and is there some safety by owning precious metals with a service like GoldMoney?JT: The future of course cannot be predicted, but we nevertheless know that respect for private property is declining in many parts of the world. In the 20th century gold was confiscated by Lenin in Russia, Hitler in Germany, Mussolini in Italy and Franklin Roosevelt in the US. So don’t assume that confiscations can’t happen in the 21st century. I always say to prepare for the worst, while hoping for the best. In this way you will still get by, even if by an unfortunate turn of events the worst possible outcome happens.Because the future is unknowable, it is impossible to determine the perfect strategy to take advantage of future events. The best we can do is to protect ourselves from wealth destroying future events, like confiscation. I believe the best way to do that is through diversification. In other words, don’t put all your eggs in one basket, and GoldMoney can be helpful in diversifying your precious metals.When you buy physical gold and silver – and I only recommend physical metal, not any of the paper products purporting to offer physical metal – there are only two ways to do it. Buy it and store it yourself, or buy it and have someone store it for you, which is what GoldMoney offers.Each alternative has advantages and disadvantages. If you store gold yourself, you have it at hand, but run the risk of theft. Also, if you need to sell, it can be a bother to take your coins or bars to a dealer, who may then require them to be refined, which adds cost.With GoldMoney, you do not have your gold at hand, but it is stored for you in specialized vaults in London, Zurich and/or Hong Kong at your choice and is insured. You also have nearly instant liquidity. You can easily sell your metal back to GoldMoney. The proceeds are immediately wired to your bank account, which, depending on the time zone in which you live, may mean you receive the proceeds the same day. It is also convenient because all transactions are done online 24/7.GoldMoney BasicsInternational Man: You’ve referenced it a few times already, but, for those of our readers not yet familiar with GoldMoney.com, can you give us a really brief overview? James Turk: GoldMoney allows customers in 105 different countries to buy gold, silver, platinum and palladium online, and store these metals at secure vaults in London, Zurich and Hong Kong. Customers can conduct transactions in nine major currencies and also take physical delivery of their gold in the form of 100 gram and 1kg gold bars. Our governance procedures and regular audits provide assurances of integrity to our customers that their precious metals are being stored safely with us. IM: What prompted you to start GoldMoney in the first place? JT: The idea for GoldMoney came to me in 1979. I had been reading extensively, including many great works like Howard Buffett’s brilliant 1948 speech and dozens of books on money, particularly those of Ludwig von Mises and the Austrian school of economics. I re-read Atlas Shrugged and some of Ayn Rand’s other works. Another influential book from back then that comes to mind is The Market for Liberty. From these and other works I began to understand the importance of re-establishing gold’s role as currency. It was clear to me that human liberty and gold were inextricably interlinked because gold money controls government spending. When this spending has limits, so do government depredations. I wanted to live in a world where property rights were respected and the rule of law was followed, and naturally assumed other people shared that same aim, which meant that my idea for creating a technologically advanced gold money offered a profit opportunity. Of course the technology to make my vision possible was not available back then, nor did I think the technology would become available in my lifetime. Fortunately, the rapid advances in communications and computers over the next twenty years eventually made GoldMoney possible. My son and I formed GoldMoney in the late 1990s, which we launched in early 2001. I have not lost sight of my original vision and the important outcome that can be achieved by enabling gold to circulate once again as currency. IM: What makes GoldMoney different from some of the other options out there? JT: Buying allocated physical bullion, as facilitated by GoldMoney, guarantees you hold and own the metal in your name. Our stringent governance procedures and regular audits provide our customers with assurances that their metals are safe and that they are the undisputed owners. The freedom and ease of accessing the global precious metals markets online, 24 hours a day, and the variety of metals, storage facilities and accepted currencies offer a high level of comfort and diversification. This makes GoldMoney a uniquely secure and convenient precious metals provider. IM: Can you briefly take us through the process of signing up for an account? JT: People with residency in the US, Canada and 42 other countries are eligible for fast tracking – meaning they can sign up for what we call a Basic Holding quickly and easily online by clicking on the “Free Sign Up” button on our website GoldMoney.com. The entire process takes only a few minutes and customers can start funding their Holding in order to purchase metals immediately. Customers can upgrade to a Full Holding free of charge at any time. IM: In your mind, what is the single greatest reason someone signs up for a GoldMoney account – for speculating on the price of the metal, for savings, as a way to internationalize, something else? JT: People may of course have different reasons for opening a Holding. But I always say that precious metals should be thought of as your savings rather than as something that you “invest” in or speculate on. After all, an ounce of gold today is exactly the same as an ounce of gold 50 years ago. Like a quart, ton or meter, it is a consistent measuring stick. What changes is the value of currency in relation to that ounce of gold. Over time, the purchasing power of gold is preserved – in contrast to fiat currencies, where your purchasing power declines. More and more people are realizing this, and come to the conclusion that it makes sense to hold gold and other precious metals rather than national currencies, particularly now because one hardly earns any interest income with today’s artificially low interest rates. As precious metals regain mass acceptance as a medium of exchange and store of value, those who have been steadily accumulating them will recognise the benefits.Gold Money ChallengesIM: What are the challenges with running a company like GoldMoney? JT: There are of course many, just like there are in any company. But as we face and overcome these challenges, we always have one objective in mind, which is to serve our customers’ best interests. One of the many things I learned from Von Mises is that the “Customer is King”, which is a guiding principle always foremost in our minds and actions. In short, companies are built by serving their customers’ best interests efficiently and continuously. IM: Over the past year, I’ve heard some of the announcements that GoldMoney has had to suspend or even shut down operations in various jurisdictions such as the Netherlands. Is this something you feel can be rectified so that you can enter such markets again? If so, how? JT: This is unique to the Netherlands, owing to the unusual burdens placed on us by the Dutch regulators, the Netherlands Authority for the Financial Markets (AFM). The AFM has the view that precious metals are included within the concept of “investment objects” which are to be regulated by the AFM. We are of the opinion that Netherlands’ regulation is not applicable to GoldMoney because we operate in Jersey, British Channel Islands, rather than within the Netherlands – but we have been unsuccessful in changing the AFM’s view. As we do not want to subject ourselves, and by extension our customers, to unnecessary and unpredictable regulatory requirements, we reached the difficult conclusion that the only way to resolve this situation was to cease all business with individuals resident in the Netherlands. We do have every intention of accepting business from Dutch residents again in the future should the regulatory environment there change. IM: I have an associate who has a GoldMoney account and his wife has another. For a while, he would regularly transfer goldgrams to her without issue. As of the beginning of the year, that particular function has been suspended. Can you tell us why that happened and whether that particular benefit of your service will be implemented again? JT: Our decision to turn off the facility to transfer metals between GoldMoney customers in all countries except Jersey is based on lack of customer demand and increasing regulatory burdens. It is our intention to offer this service again in the future, which will depend on customer feedback and regulatory changes. IM: If a company like GoldMoney can’t use gold as money because of legislative and regulatory burdens, what does this say about any other competing currency? JT: Governments today seem to think that they should enjoy monopoly control of money and currency, even though both are products of the market just like any other good or service. Consequently, all free-market currencies will have a difficult time in gaining a foothold against national currencies. But because national currencies are losing purchasing power rapidly, it is inevitable that gold will once again return to its traditional and rightful role at the center of global commerce. After all, gold has been money for 5000 years, and it still preserves purchasing power better than any national currency, which for 40 years now have been backed by nothing. But the growing financial and monetary problems today make clear that this 40-year experiment with fiat currency is going badly. This result is inevitable, as proven by the dozens of other attempts throughout history to make fiat currency work through central planning and control. Eventually gold returns to center stage as the dominant money and currency in global commerce, and I suspect that this time will be no different given that the future of fiat currency is looking increasingly doubtful.Protecting GoldMoney ClientsIM: What safeguards has GoldMoney established to ensure that the person who buys physical metal is protected if the business happens to fail? Would they lose their assets? JT: Although this is an extreme unlikely scenario, customers will receive their physical metal in any of the gold, silver, platinum and palladium bars we offer, provided they have a balance greater than one bar. This includes the London Good Delivery Bars, as well as the 100 gram and 1 kilogram gold bars. Alternatively, customers can receive the equivalent value of their metals in one of the 9 national currencies we offer. A court appointed liquidator would complete this winding-up process. IM: How does GoldMoney ensure that the goldgram amount is actually in the client’s account? Couldn’t it all be just a game of numbers? JT: The quantity of metals allocated to customers’ Holdings that is recorded in GoldMoney’s database is equal to the amount of metal that is being stored in the vaults at all times. This one-to-one ratio is always maintained and forms a key part of our governance model. 100% customer ownership is assured by top-quality independent third-party reports and audits from the vault operators, Inspectorate – a commodity testing and inspection firm – and by regular audits by a big-4 accounting firm. GoldMoney is simply a guardian of its customers’ assets. IM: When someone buys metal from GoldMoney, are they officially an owner of their holdings or simply another creditor to the company itself? JT: Customers who own precious metals with GoldMoney own it in the form of allocated physical metal. This means that they are direct owners of their metals, and that GoldMoney does not have any claim on its customers’ assets. Customers’ metals do not appear on GoldMoney’s balance sheet, meaning that our customers do not have any counterparty risk.Common QuestionsInternational Man: What are some of the more common reasons people say they don’t want to use GoldMoney? James Turk: Some people prefer to have their gold and silver in their hands. They want to be able to touch and feel it. Given all that’s gone in the financial world over the last few years, and with the MF Global debacle still fresh in people’s minds, this is understandable. But there are real risks to storing large quantities of metal at home. It is therefore natural that people would look to store their metal in other ways and other countries, and this is where GoldMoney can help. GoldMoney’s governance and audit procedures are rigorous and stringent and the Certificates & Reports are available for review on our website. With regards to storing metals at home or some other private location, GoldMoney can help customers by supplying physical metal, as we deliver 100-gram and 1-kilo gold bars produced by Baird & Co. of London to our customers’ home address. The main risk of storing metals at home is burglary, and liquidity and geographical diversification are limited. IM: What would you say to someone who would be a bit nervous buying “paper” / “promise to pay” gold through GoldMoney? JT: GoldMoney does not sell any “paper gold“. It only sells physical metal, which is always what I recommend owning. “Paper gold” offers exposure to the gold price, but that is all. The buyer does not own gold, but rather a claim to gold. Futures, options, ETFs and gold certificates are examples of paper-gold products, and they all have counterparty risk. None of these items give you the guaranteed 100% ownership of allocated gold that you have when transacting with GoldMoney. Because all customers’ metals within GoldMoney are stored in vaults, and because we deal exclusively in the physical bullion markets with a variety of dealers, there will always be bidders for customers who wish to sell, and sellers for those customers eager to buy. Bringing supply and demand into equilibrium is what the price discovery process is all about. Therefore, GoldMoney will always be able to honor your sell or buy order in a prompt manner.Logistical QuestionsIM: What are the options available to customers for taking delivery of their gold? JT: Customers can take physical delivery of their gold at any time in the form of 100 gram and 1 kilogram bars. These bars, which have a purity of 99.99%, are refined by Baird & Co. Ltd. in London and shipped to our customers’ home address by insured mail. The customer places the delivery order online through their Holding, and we will automatically process it. We can also arrange the delivery of 400oz Good Delivery Bars. If you wish to diversify your metals and move your metal balance in your Holding partly or entirely for storage in a different country, you also have the option to do that when logged into your Holding. IM: Where are the holdings stored? JT: Customers can store their gold and silver at VIA MAT vaults in London, Zurich and Hong Kong. You can also store gold and silver at a G4S vault in Hong Kong. Platinum is stored by VIA MAT in Zurich and Hong Kong, and the same company also stores palladium in Hong Kong. IM: Which are the most popular of these companies to store holdings? JT: The largest holdings are at VIA MATs gold and silver vaults in London and Zurich.MiscellaneousIM: Do you have any merchants that currently allow you to purchase items with GoldMoney? JT: Currently there are no merchants that accept GoldMoney because we have turned-off the payment capability to customers in all countries except Jersey, where we are based. IM: What is currently the breakdown among your client base in terms of allocations between gold, silver, platinum and palladium? What metal the most popular? JT: With the launch of GoldMoney in 2001 we offered gold only and introduced silver in 2006. Platinum followed in 2009 and Palladium in January 2011. Given gold’s long established bona fides as money, you probably won’t be surprised to learn that most of our customers’ metals in terms of US dollars are held in gold. However, silver is a close second to gold in terms of total USD value. Platinum and palladium holdings with us are smaller, though the popularity of these metals is likely to grow. The amount of metals and currencies held on behalf of our customers are disclosed in the monthly report on our website. IM: What is the average size of account in GoldMoney? JT: It has been growing since inception, and is presently $103,000. However, the median account size is only about $10,000. There is no minimum or maximum amount you can purchase and hold, so we have a wide range of customers from small to large. IM: For those who want to find out more, what’s the best way? JT: Our website www.goldmoney.com offers detailed information about our services and governance procedures. We also have a Research section that provides background information on the precious metal markets. The Frequently Asked Questions section offers guidance for new and prospective customers and our customer support team is always happy to answer any questions – by phone, email or through our secure internal message system. IM: Sir, it was a pleasure. Thank you.JT: Thank you for the opportunity to speak with you as well.[To interact with other international men and women all around the world, consider joining the International Man Network. It’s completely free to join, plus you’ll have access to a private forum of thousands of like-minded individuals who are sharing their “boots on the ground” tactics and experience on how to internationalize one’s life and wealth. Sign up here.]About the Author: Inspired by the work of best-selling author and renowned speculator Doug Casey, International Man is a global network of freedom-seekers, investors, adventurers, speculators and expatriates looking to live an international lifestyle – be it asset, income, personal diversification or any combination of the three. Learn more at www.internationalman.com.last_img read more