Tag: 爱上海


MacKenzie Bezos pledges to donate half her 36 billion fortune to charity


first_imgMackenzie Bezos has decided to give half of her fortune to charity.MacKenzie Bezos, the former wife of Amazon.com Inc Chief Executive Officer Jeff Bezos, pledged on Tuesday to give half of her $36 billion fortune to charity, following a movement founded by billionaires Warren Buffett and Bill and Melinda Gates. Bezos, whose former husband is the world’s richest man, was one of 19 people on Tuesday to join the “Giving Pledge,” a campaign announced in 2010 by Berkshire Hathaway Inc’s Buffett and Microsoft Corp co-founder Bill Gates. It calls for the super-rich to give away more than half their fortunes during their lifetimes or in their wills.WATCH: MacKenzie Bezos, former wife of Amazon founder Jeff Bezos, pledges to give half of her $36 billion Amazon fortune to charity https://t.co/0hO0FNJA47 via @ReutersTV pic.twitter.com/EK7nC4BmDg— Reuters Business (@ReutersBiz) May 28, 2019 “In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share,” MacKenzie Bezos said in a statement dated Saturday. “My approach to philanthropy will continue to be thoughtful. It will take time and effort and care.”MacKenzie Bezos became the world’s third-richest woman, according to a Forbes Magazine, acquiring a 4% stake in Amazon worth about $36 billion when she and Jeff Bezos announced their divorce settlement on April 4.Jeff Bezos, whose net worth was estimated by Forbes at $131 billion this year, was quick to support his ex-wife’s new philanthropic endeavour.”MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her,” he said on Twitter. “Her letter is so beautiful. Go get ’em, MacKenzie.”Jeff Bezos, who tops the Forbes list of world billionaires, is not among the 204 wealthy “Giving Pledge” signatories from 23 countries who come from a wide range of fields, including finance, technology, healthcare and real estate development.Other Forbes top 10 billionaires who have not joined the “Giving Pledge” are Bernard Arnault, head of French luxury goods conglomerate LVMH (LVMH.PA); Mexican telecommunications magnate Carlos Slim; European fashion retail mogul Amancio Ortega and Google co-founder and Alphabet CEO Larry Page.The pledge that signatories make is “a moral commitment to give, not a legal contract,” the campaign said on its website.last_img read more


US threatens UN members opposing decision on Jerusalem


first_imgUS president Donald Trump excuses reporters after his remarks to them at the start of a cabinet meeting at the White House in Washington, US, on 20 December 2017. ReutersUS president Donald Trump on Wednesday threatened to cut off financial aid to countries that vote in favor of a draft United Nations resolution calling for the United States to withdraw its decision to recognise Jerusalem as Israel’s capital.“They take hundreds of millions of dollars and even billions of dollars, and then they vote against us. Well, we’re watching those votes. Let them vote against us. We’ll save a lot. We don’t care,” Trump told reporters at the White House.The 193-member UN General Assembly will hold a rare emergency special session on Thursday – at the request of Arab and Muslim countries – to vote on a draft resolution, which was vetoed by the United States on Monday in the 15-member UN Security Council.The remaining 14 Security Council members voted in favor of the Egyptian-drafted resolution, which did not specifically mention the United States or Trump but which expressed “deep regret at recent decisions concerning the status of Jerusalem.”US Ambassador Nikki Haley, in a letter to dozens of UN states on Tuesday seen by Reuters, warned that Trump had asked her to “report back on those countries who voted against us.”She bluntly echoed that call in a Twitter post: “The US will be taking names.”Several senior diplomats said Haley’s warning was unlikely to change many votes in the General Assembly, where such direct, public threats are rare.Miroslav Lajcak, president of the General Assembly, declined to comment on Trump’s remarks, but added: “It’s the right and responsibility of member states to express their views.”A spokesman for UN Secretary-General Antonio Guterres also declined to comment on Trump’s remarks on Wednesday.“I like the message that Nikki sent yesterday at the United Nations, for all those nations that take our money and then they vote against us at the Security Council, or they vote against us potentially at the assembly,” Trump said.‘BULLYING’Trump abruptly reversed decades of US policy this month when he recognised Jerusalem as Israel’s capital, generating outrage from Palestinians and the Arab world and concern among Washington’s Western allies.He also plans to move the US embassy to Jerusalem from Tel Aviv. The draft UN resolution calls on all countries to refrain from establishing diplomatic missions in Jerusalem.A senior diplomat from a Muslim country, speaking on condition of anonymity, said of Haley’s letter: “States resort to such blatant bullying only when they know they do not have a moral or legal argument to convince others.”A senior Western diplomat, speaking on condition of anonymity, described it as “poor tactics” at the United Nations “but pretty good for Haley 2020 or Haley 2024,” referring to speculation that Haley might run for higher office.“She’s not going to win any votes in the General Assembly or the Security Council, but she is going to win some votes in the US population,” the Western diplomat said.A senior European diplomat, speaking on condition of anonymity, agreed Haley was unlikely to sway many UN states.“We are missing some leadership here from the US and this type of letter is definitely not helping to establish US leadership in the Middle East peace process,” the diplomat said.Israel considers Jerusalem its eternal and indivisible capital and wants all embassies based there. Palestinians want the capital of an independent Palestinian state to be in the city’s eastern sector, which Israel captured in a 1967 war and annexed in a move never recognised internationally.“The first name that she should write down is Bolivia,” Bolivia’s UN Ambassador Sacha Sergio Llorentty Solz said of Haley’s message. “We regret the arrogance and disrespect to the sovereign decision of member states and to multilateralism.”Read More: US warns countries over UN vote on Jerusalemlast_img read more


SB Player Spotlight on Taylor Roby


first_img The University of Louisville Softball Player Spotlight series features short interviews with each of the Cardinals’ players. Episode three features redshirt freshman Taylor Roby.  Episode 3:  Taylor RobyThe Roby FileNumber: 8Full name: Taylor RobyClass: Redshirt freshmanPosition: RHPBats/Throws: R/RHometown: Mt. Washington, Ky.High School: Bullitt EastTravel Team: Louisville SluggersMajor: Exercise ScienceFun Fact: Was named Metro Louisville Softball Player of the Year and met Peyton Manning at the Kentuckiana Sports Awards Banquet.   Print Friendly Version Story Linkslast_img


Facebook Plans to Launch WatchLike News Tab


first_imgFacebook wants to launch a dedicated tab within its app to aggregate content from news publishers, CEO Mark Zuckerberg revealed during a conversation with Springer CEO Mathias Doepfner Monday morning. Plans for the news section are still in early stages, according to Zuckerberg, who said that the company was looking for input from the news industry. “We don’t want to build this in a vacuum,” he said.Zuckerberg likened the planned news tab to the way the company has broken out video in its Watch tab, which is aggregating video from a number of publishers, some of which are producing video exclusively for the platform. Facebook Watch “has started to really grow quickly,” Zuckerberg said. “We’ve decided that there really is an opportunity to do something like this with news as well.” Facebook Reportedly Working on New Snapchat-Like Messaging App for Instagram Former Oculus Head of Mobile VR Max Cohen Leaves Facebook Popular on Variety Zuckerberg didn’t share many additional details, and said the company was still trying to figure out how to balance curation with aggregation of the sources a user was already following. He also suggested that the company was looking to give publishers new ways to make money. “There is a real opportunity to have better monetization for publishers than we have today at news feed,” he said. Related He cited Facebook’s news subscription efforts as evidence that the company was looking to support the industry financially, but also had to admit that these efforts haven’t been very impactful yet. “That’s off to a reasonable start. There is lots more to do there,” he said.Facebook’s commitment to double down on news comes after the company began to de-emphasize news articles in its main news feed to re-focus on personal connections between its users. Those changes, instituted in early 2018, resulted in a 20% drop of news content shown to its users, according to numbers shared by Facebook executives shared at the time.Facebook posted a video of Zuckerberg’s hourlong conversation with Doepfner Monday morning as a first of what is supposed to be a series of talks about the future of the internet and society. Doepfner was a bit of a polarizing choice to kick off the series: The Springer CEO has led the company’s foray into the digital space, but has also been a strong advocate of recent European copyright changes, commonly known as “Article 13,” that have been criticized by many as being harmful to the internet.In his conversation with Zuckerberg, Doefner celebrated the European parliament’s recent passage of those changes, likening them to the compulsory licensing regimen the music industry has been working with for decades, and suggesting Facebook should adhere to similar rules.Article 13 had gotten a lot of public push-back from Google in particular, with YouTube CEO Susan Wojcicki arguing that it would make it impossible for millions of users to upload content to her site, or to view content posted by U.S. creators.But on Monday, Zuckerberg seemed open to embrace similar rules. “That’s definitely something we should be thinking about here,” he said with regards to Article 13, while also cautioning that “there is a lot of details to be worked out there.” ×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 Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more


A new quasi2D superconductor that bridges a ferroelectric and an insulator


first_img , Nature Materials © 2019 Science X Network The idea of forming a quasi-2-D superconducting layer at the interface between two different compounds has been around for several years. One past study, for instance, tried to achieve this by creating a thin superconducting layer between two insulating oxides (LaAlO3 and SrTiO3) with a critical temperature of 300mK. Other researchers observed the thin superconducting layer in bilayers of an insulator (La2CuO4) and a metal (La1.55Sr0.45CuO4), neither of which is superconducting in isolation.”Here we put forward the idea that thin charged layer on the interface between ferroelectric and insulator is formed in order to screen the electric field,” Viktor Kabanov and Rinat Mamin, two researchers who carried out the study, told Phys.org via email. “This thin layer may be conducting or superconducting depending on the properties of the insulator. In order to get a superconducting layer, we chose La2CuO4 – an insulator that becomes a high Tc superconductor when it is doped by carriers.”The heterostructure fabricated by Kabanov, Mamin and their colleagues consists of a ferroelectric magnetron sputtered on the surface of the parent compound of high Tc superconductor La2CuO4. At the interface between these two components, the researchers observed the appearance of a thin superconducting layer, which attains its superconductivity at temperatures below 30K. The researchers detected the layer’s superconducting properties by measuring its resistivity and via the Meissner effect. They found that a finite resistance is created when applying a weak magnetic field perpendicular to the interface, which confirms the quasi-2-D quality of the layer’s superconductive state. “The key advantage of our technique is the relative simplicity of the creation of the heterostructure, because the requirements for the roughness of the surface are not so stringent,” Kabanov and Mamin said. “On the other hand, the changing the polarization in the ferroelectric allows to control the properties of the conducting layer.” Kabanov, Mamin and their colleagues are the first ever to observe superconductivity on the interface between a ferroelectric and an insulator. In the future, their approach and the superconductors they fabricated could inform the design of new electronic devices with a ferroelectrically controlled superconductivity. “As far as plans for the future are concerned, we would like to learn how we can control the superconducting properties of the interface by rotating the polarization of the ferroelectric,” Kabanov and Mamin said. “Another idea is to try to control the properties of the interface by laser illumination. This is basically the direction we are working on now.” Researchers at the Zavoisky Physical-Technical Institute and the Southern Scientific Center of RAS, in Russia, have recently fabricated quasi-2-D superconductors at the interface between a ferroelectric Ba0.8Sr0.2TiO3 film and an insulating parent compound of La2CuO4. Their study, presented in a paper published in Physical Review Letters, is the first to achieve superconductivity in a heterostructure consisting of a ferroelectric and an insulator. 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. More information: Dmitrii P. Pavlov et al. Fabrication of High-Temperature Quasi-Two-Dimensional Superconductors at the Interface of a Ferroelectric Ba0.8Sr0.2TiO3 Film and an Insulating Parent Compound of La2CuO4, Physical Review Letters (2019). DOI: 10.1103/PhysRevLett.122.237001 Jian-Feng Ge et al. Superconductivity above 100 K in single-layer FeSe films on doped SrTiO3, Nature Materials (2014). DOI: 10.1038/nmat4153High-temperature interface superconductivity between metallic and insulating cuprates. arXiv:0810.1890 [cond-mat.supr-con]. arxiv.org/abs/0810.1890 Journal information: Physical Review Letters The schematic structures of Ba0.8Sr0.2TiO3/La2CuO4 (a) with q2DEG (shown in red); AFM image of the La2CuO4 single crystal surface without the film (b) illustrates the inhomogeneity of the interface. The temperature dependence of the magnetic susceptibility (c), and the temperature dependence of the resistivity (d) of La2CuO4 single crystal (without ferroelectric film). Credit: Dmitrii P. Pavlov et al., arXiv:1804.05519 [cond-mat.supr-con] Electric-field-controlled superconductor-ferromagnetic insulator transition Citation: A new quasi-2D superconductor that bridges a ferroelectric and an insulator (2019, June 27) retrieved 18 August 2019 from https://phys.org/news/2019-06-quasi-2d-superconductor-bridges-ferroelectric-insulator.html Explore furtherlast_img read more


Journeys and bonds


first_imgPavitra Bandhan is a journey of two strangers Aashima and Girish, who are not suppose to meet by any means but destiny brings them not only under the same roof but also binds them in a relationship of lifetime. Aashima is a small town girl, born and brought up in a middle class nuclear family. Her father is a mill worker and he had to struggle his entire life to make two ends meet. Aashima loves her family and follows her family values religiously. She is young, kind hearted and generous girl for whom her family is the priority. She wants to share the burden of her father and wants to build a home for him.  Also Read – ‘Playing Jojo was emotionally exhausting’On the other hand Girish Roy Chowdhury is the owner of saree mill in which Aashima’s father is an employee. Girish hails from an influential family in Murshidabad and has built his empire with his own hard work and persistence. His principles are based on the experiences of the life. Though Aashima and Girish belong to different worlds , are different personalities but similarity between them is they live for their families. As the story unfolds we will see the journey of these two strangers, with their share of trials and tribulations , coming from different worlds, different mindsets but as destiny has it but will always be bonded by the thread of love , sacrifice and devotion that is why it will hold the title of being a Pavitra Bandhan- Do Dilon Ka. Yash Tonk, Hritu Dudhani, Yamini Thakur, Shabnam Sayeed, Shailley Kaushik, Munni Jha, Shalini Arora, Rajat Dahiya are main cast in this serial.The serial will be aired every Monday-Friday, 9 September onwards at 8.30 PM only on DD National.last_img read more


DRI seizes exotic birds smuggled from Bangladesh


first_imgKolkata: The Directorate of Revenue Intelligence (DRI) has seized exotic birds which were smuggled from Bangladesh into West Bengal, an agency statement said today. Acting on a specific input, DRI officials intercepted a vehicle at a place along Kalyani Expressway near here and found three red and blue macaws, three eclectus parrots, eight pygmy falcons and seven white ducks, it said. The birds were found badly crammed up in plastic bags kept in the boot of the car, the statement said. Also Read – Heavy rain hits traffic, flights These birds were illegally brought into the country from Bangladesh through Indo-Bangla border in North 24 Parganas district, it said. The probe agency said it immediately contacted the office of the principal chief conservator of forests, West Bengal and also the director of Alipore zoo, Kolkata. The birds were handed over by the DRI to the zoo. In March this year, the agency had seized 214 Indian star tortoise in Kolkata. Less than a month back, two hollock gibbons, an endangered species under the Wild life Protection Act, 1972 and two palm civets, another endangered species, along with a variety of exotic birds, which had been smuggled into the country from Bangladesh seized by the DRI. “There is an urgent need to step up the fight against wild life crime, which has environmental, social and economic impact and a concerted effort is needed by all the law enforcement agencies in combating the same,” the agency said.last_img read more


Indulging in delicacies of spring


first_imgIt is often seen that vegetarians struggle to eat authentic dishes and very few places offer what suits their palate. To ease the struggle, Chef Veena Arora from the Imperial shares the recipie of Tauhu Nerng- chilled silky bean curd with basil which is a part of Spice Route’s Vegan Special at The Imperial, New Delhi, which will be on from March 12 till 20. The curated menu will offer a perfect tease to your senses with mock meat as a star ingredient and keeps you light, this season.  Also Read – ‘Playing Jojo was emotionally exhausting’TAUHU NERNG- chilled silky bean curd with basilIngredients:• Bean curd silky- 1 no.• Lemon grass- ½ tsp• Basil- 5 gms• Light soya sauce- 5 ml• Gelatin- ¼ sheet• Kaffir leaves- 5 gmsMethod:Soak gelatin in water and heat it. Blend the beancurd. Blend the lemongrass. Put kaffir leaves into a very thin thread. Mix all the above ingredients and light soya. Take a mould and line it with clean wrap and pour the above mixture. Chill it for 3 hours and serve it on a bed of basil.last_img read more


October 1 2010Congratulations to the August 28 2


first_imgOctober 1, 2010Congratulations to the August 28. 2010 graduating workshop participants![back from left]Steffan Phillips, Matt Cornwell, Trine Christinsen from Denmark and Ruoyu “Raven” Chen from China.[front]Giuseppina Scuffi from Italy.last_img


Sheppard holds first meeting as chair of Financial Services Committee


first_img16Feb Sheppard holds first meeting as chair of Financial Services Committee State Rep. Jason Sheppard, of Temperance, presides over his first meeting as chair of the House Financial Services Committee.State Rep. Jason Sheppard on Wednesday presided over his first meeting as chair of the House Financial Services Committee.The meeting included presentations by the Michigan Bankers Association and the Michigan Credit Union League and Affiliates.“I greatly appreciate the information that was shared with me and my fellow committee members today,” said Sheppard, of Temperance. “We learned about the great services banks and credit unions provide to our communities, as well as issues that the financial services industry are facing — including cyber security threats.”Sheppard also welcomed two local members of the financial industry who served as special guests for the presentations, H. Douglas Chaffin, president and CEO of Monroe Bank & Trust, and Mike Newman, president and CEO of Monroe County Community Credit Union.“I’ve known Mr. Chaffin and Mr. Newman for many years,” Sheppard said. “I look forward to working with them on the policy concerns and suggestions they discussed during the committee meeting.”### Categories: Sheppard Newslast_img read more


RTL must continue to grow its digital business and


first_imgRTL must continue to grow its digital business and look to global scale as it faces competition from the likes of YouTube and Facebook, according to the German broadcast group’s co-CEO.Delivering a keynote at MIPTV yesterday in Cannes, Guillaume de Posch (pictured) said that while RTL was originally geared towards local tastes in specific European markets, it now faces a “cultural challenge” as it goes up against global platforms.“It’s not only about M6 and TF1, or Prosieben against RTL,” said de Posch. “It’s about Facebook, YouTube, MCNs, coming in, rolling out of California, trying to grab our business.”While RTL has begun to address these new challenges in recent years by investing in companies like US-based multi-channel network BroadbandTV, fashion and beauty MCN Stylehaul, and US digital video ad platform SpotX, de Posch said it will “probably take us probably 10 years to master it.”“As we speak now, we’ve got around 1,000 young, savvy digital executives in the US helping us out in our digital endeavors. I can tell you, we feel much more comfortable today than we felt a couple of years ago not having these new tools and skillsets, but this challenge is in the way.”The RTL boss appealed to the EU to make sure that new proposals on ‘television without frontiers’, which are due to be discussed in the coming months, are “properly drafted for European media groups.”“If it’s not, we will be super-regulated still, whereas all the newcomers that I mentioned will simply flow out of the US or other regions of the world with zero regulation. That could be really a danger, we believe, for the future of our business,” said de Posch.“We need to make sure that the EU understands this – not only for the broadcasting side of the business, but also for the production side.”Discussing RTL’s current online efforts, de Posch said that digital – one of RTL’s three main ‘pillars’ along with broadcast and content – only contributed 8.4% of the company’s total revenues last year.Including all the short-form and long-form streaming that RTL does – across digital platforms, replay and catch-up – in January and February the company generated 11 billion views per month. “The question is long-term, how are we going to make sure that we’re going to monetise this,” he said.Addressing the changing media landscape, the RTL boss predicted that hit TV shows will still be possible in the future, but audience sizes will be smaller as a “direct consequence of the fragmentation of all the devices”.“If you recall, 30 years ago major hits on TV were doing 30 million, 50 million viewers on American television. Now if you’re lucky, if you take for example Idol, or The Voice in the US, you reach 10 million. So you’ve got a reduction in the absolute volume of viewers that you can reach into one live programming. Therefore we also believe that in the next few years, you will have a ‘new normal’ in what we call a hit.”last_img read more


Technology company iWedia is deploying its Linuxb


first_imgTechnology company iWedia is deploying its Linux-based Teatro-3.0 solution for IP-connected set-top boxes on the German HD+ retail market in a 4K set-top designed and manufactured by Kudelski-owned SmarDTV.For HD+, the solution has been ported on a dual-tuner UHD DVB-S/S2 STB from SmarDTV based on the Broadcom BCM7251 system-on-a-chip. The software has been customised to fulfill HD+ specifications and integrated with Nagra Guard Conditional Access System. Its architecture has received Nagra NASC 3.0 Tier #4 certification.The solution features navigation tools including service list, zapping banner, flat and grid TV guides as well as DVR and timeshift over a USB storage device. A picture browser and player is provided. Fast zapping and HbbTV apps are supported.“With its software architecture recognized highly secure by third party experts, Teatro-3.0 is ideally suited for connected Pay TV STB running Linux,” said Sunghoon Kim, VP sales at iWedia. “Moreover, it supports HTML5 for both the resident app and remote web services which allows for visually catchy UI,” he added. “We are very proud that German viewers may now enjoy this solution and we are preparing further deployments”.The announcement was made at TV Connect 2017, which is being held in London from Tuesday, March 28th through to Thursday, March 30th. iWedia is demonstrating the solution on stand B54.Teatro-3.0, a software solution for IP-connected STB, is based on Linux with a UI built in HTML5 which uses specific JavaScript APIs allowing access to digital TV features.Separately, iWedia has integrated its software solution for set-top box operated under Android TV with the home automation system of OBLO Living, a provider of world hardware and software solutions for home automation.The OBLO product portfolio is made of an end-to-end software solution for home automation including client apps for Android/iOS, gateway software and cloud services combined with in-house developed devices such as gateway, smart wall plug, door/window sensor, smart dimmer, smart outlet and complementary nodes from third parties including Qubino, Philio and Leedarson. Applications include home comfort, lightning, security and energy management.Both the OBLO gateway software and Teatro-3.5 embed an “If This Then That” (IFTTT) service. IFTTT is then used as a public cloud service for workflow management. The user defines IFTTT applets to describe the interaction between OBLO and Teatro-3.5. Applications include simple use cases where a message is displayed on the TV screen when for example a door opens.“It is important for an HA solution to include in its ecosystem the main screen in the living room,” said Nikola Smiljkovic, VP Marketing at OBLO Living. “And it is equally important for the user to be able to use public cloud services to define the HA workflow; we had these two objectives in mind when entering into this integration project with iWedia and they have been fully accomplished.”“We see the TV screen as the ideal device to display real-time notifications triggered by a web based workflow management platform like IFTTT,” said Hervé Creff, VP marketing at iWedia. “And especially for events raised by HA nodes; this is what we have achieved with this successful integration with OBLO”.last_img read more


The Noose Around Your Wealth Is Tightening O


first_img The Noose Around Your Wealth Is Tightening Out-of-control taxes… investment controls… predatory lawsuits… the risks to your capital are growing by the day. And the unfortunate truth is the more of your wealth you have in your home country, the greater the risk. That’s why it’s critical to internationalize as much of your hard-earned assets as you can – as fast as possible. Going Global 2013 will help you do just that. Featuring investment experts Doug Casey, Peter Schiff, Mike Maloney, and more, this must-see webinar will reveal offshore strategies you can easily implement to protect what’s rightfully yours. Click here for details. The silver price was much more ‘volatile’, as it traded in a two percent price range through Far East and London trading.  It also had the New York rally at the same time as gold…and it ended at the same time as gold, just before 11:00 a.m. EDT. According to Kitco, the high at that point was $22.13 spot, but got sold down back below the $22 spot price almost immediately. Silver closed at $21.79 spot…up 11 cents from Tuesday’s close.  Net volume was very light at only 22,000 contracts. (Click on image to enlarge) Maybe the 20-day moving average is being defended…but I’m speculating on that one. However, as I’ve mentioned on countless occasions, the dollar index is not much of a factor as far as the precious metals are concerned…and if there is much correlation, it’s usually when the index is rallying, as it becomes a cover for “da boyz” as they hit the p.m. prices…and the main stream media is always quick to jump on that particular bandwagon.  And as you can see lately, even though the dollar index is down sharply, the precious metals aren’t up at all…as there’s always a seller of last resort waiting in the wings the moment that occurs…the last three trading days being a case in point. I note in overnight trading in the Far East, that the Japanese stock markets got crushed for over 6 percent…and gold and silver’s attempts to break above the $1,400 and $22 price ceilings ran into a seller of last resort around 11:00 a.m. Hong Kong time on their Thursday morning.  After that, they both traded flat into the London open. But once London began to trade, all four precious metals got sold down a bit…and all are trading below their New York closes yesterday as I hit the ‘send’ button on today’s column at 5:10 a.m. EDT. Volumes are pretty decent in gold and silver already.  The dollar index is down another 21 basis points. That’s it for another day…and I’ll see you here tomorrow. The gold stocks rallied right from the open…and at their high of the day, just before noon in New York, they were up 2.5 percent…but then faded [along with the gold price] as the trading day progressed…and the HUI finished up only 0.91%. Another day when there aren’t that many stories…and I hope there a few in here that catch your eye. [The] gold mining industry, for the most part, is dumber than the rocks it digs out of the ground.  Too dumb to defend itself, purporting to be represented by the World Gold Council, which exists only to make sure that there never is a real world gold council. – Chris Powell, GATA…04 April 2013 It was another day where there wasn’t much volume…and not a lot of price action either.  However, it’s obvious the $1,400 price mark in gold…and $22 silver is still being vigorously defended.  By whom…and for what reason…is unknown. There’s certainly a scarcity of gold and silver-related stories at the moment…and I even checked some of the websites myself and there was nothing.  The only event of any importance coming up is the COT Report tomorrow…a lifetime away at the moment. I’ve noted that since the dollar index high/gold-silver low of May 20th, the dollar index has declined from 84.3 down to 80.7…and the gold price has been capped at the $1,400 mark…and every close above that price, no matter how brief, has been sold down to below the $1,400 price ceiling. During that dollar index decline of 370 basis points…4.4 percent…the gold price has not been allowed to reflect that decline…and is basically trading unchanged from its May 20th price.  Here’s the 30-day dollar index chart. It’s obvious the $1,400 price mark in gold…and $22 silver is still being vigorously defended. The gold price did nothing in the Far East and most of the London trading day on their Wednesday.  The New York low came at the 9:30 a.m. EDT open of the equity markets, just like it has for the last three days in a row. The subsequent rally got cut off at the knees shortly before 11:00 a.m. in New York…and a few minutes before the London close…just as it was about to get a sniff of the $1,400 price mark.  The high tick at that point was $1,395.80 spot.  From there it traded sideways into the Comex close…and then got sold down a bit in the New York Access Market. The gold price closed at $1,388.40 spot…up $10.20 on the day.  Gross volume wasn’t overly heavy at 121,000 contracts. But the silver stocks finished slightly in the red…as Nick Laird’s Intraday Silver Sentiment Index closed down 0.19%. Here’s the 30-day gold chart, with the 20 and 50-day moving averages shown. (Click on image to enlarge) The CME’s Daily Delivery Report was another non-event on Wednesday, as only 3 gold and 17 silver contracts were posted for delivery within the Comex-approved depositories on Friday. We’re getting on in the June delivery month, so unless there are some big surprised between now and June 30th, we shouldn’t expect big deliveries, as most are done within the first week of the delivery month. There were no reported changes in either GLD or SLV yesterday…and there was no sales report from the U.S. Mint, either. Over at the Comex-approved depositories on Tuesday, they reported receiving 99,690 troy ounces of silver…and didn’t ship any out.  The link to that activity is here. In gold on Tuesday, these same depositories didn’t report receiving any, but did ship out 45,371 troy ounces of the stuff…all out of Brink’s, Inc.  The link to that activity is here. No charts or graphs again today…but here’s your ‘cute quota’… Sponsor Advertisement It was obvious to me that if a willing seller hadn’t shown up in the Comex gold and silver markets just before 11:00 a.m. in New York, both metals would have closed materially higher. The dollar index closed at 81.05 late on Tuesday afternoon…and began to rally slightly right from the open in Far East trading on their Wednesday morning.  The high tick of the day…81.30…came at 8:00 a.m. EDT right on the button. From there it got sold down to its low tick…80.78…which came just before noon in New York.  The subsequent rally didn’t make it back above the 81.00 level…and closed at 80.91…down 14 basis points on the day.last_img read more


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first_img Sponsor Advertisement The HUI opened in the green, but despite the fact that gold spent most of the New York trading day in positive territory, there was someone there to sell gold shares.  The HUI finished almost on its low of the day, down 1.63%. The highs for the day in platinum and palladium came in early morning Far East trading.  The HFT boys showed up in platinum immediately, and by 11:30 a.m. in New York, the low was in.  The subsequent rally didn’t get far.  Palladium didn’t get the same treatment until shortly before 9 a.m. EST.  It should be obvious, that the HFT boys were all over these two precious metals yesterday.  Here are the charts. You won’t have to ask if “this is it” or not, as it will be self-evident From a net volume perspective, it was a very quiet trading day yesterday, so not too much of anything should be read into yesterday’s price action in gold.  Ditto for silver. The tiny rally in early Far East trading wasn’t allowed to bet far, and from there it got sold down to its low of the day, which came at, or just before, the London a.m. gold fix. From there it rallied until precisely 12 o’clock noon in New York, and then chopped quietly sideways into the 5:15 p.m. EST electronic close. The low and high were reported by the CME at $1,279.60 and $1,290.80 in the December contract. Gold closed at $1,290.40 spot, up $3.10 from Thursday’s close.  Net volume was fumes and vapours at only 76,000 contracts. The silver shares chopped around either side of unchanged for the entire New York trading session, and Nick Laird’s Intraday Silver Sentiment Index closed down a tiny 0.13%. The silver price didn’t do much until early afternoon in Hong Kong trading, and then got sold down to its low of the day which came shortly after the London open.  The subsequent rally got capped about twenty minutes after the Comex open, and the silver price did little of anything after that. The CME recorded the low and high as $20.55 and $20.82 in the December contracts. Silver finished the Friday session at $20.78 spot, up 3.5 cents from Thursday.  Net volume was a miniscule 20,500 contracts.center_img The CME’s Daily Delivery Report showed that zero gold and one silver contract were posted for delivery on Tuesday. There were no reported changes in GLD, but there was a small amount of silver added to SLV, as an authorized participant deposited 385,264 troy ounces. There was no sales report from the U.S. Mint. There was very little in/out gold activity over at the Comex-approved depositories on Thursday.  395 troy ounces were reported received, and nothing shipped out the door. As always, it was an entirely different story in silver, as 801,444 troy ounces were reported received, and 751,562 ounces were shipped out.  The link to that activity is here. Yesterday’s Commitment of Traders Report pretty much lived up to its advance billing, especially in gold.  But silver wasn’t all that bad, either; although I was hoping/expecting slightly better numbers. The Commercial net short position in silver decreased by 16.0 million ounces, and is now down to 113.1 million ounces.  Not surprisingly, the technical funds loaded up on the short side and sold some longs as well, as the high frequency traders in the Commercial category set prices lower at the start of the reporting week, and the technical funds followed the script like the brain-dead sheep that Ted Butler says they are. The Commercial traders stood by and happily did the opposite.  The big surprise for me, was the substantial increase in the long position in the Nonreportable/small trader category.  One would have thought they they would have mirrored the actions of the technical funds, but that was not the case.  They increased their net long position by a chunky 2,662 contracts, or 13.3 million ounces.  I’ve never seen that before on any price decline, and neither Ted nor myself are sure of what to make of it. The other surprise in silver was that Ted felt that JPMorgan’s short-side corner in silver didn’t decline by much, if at all, and still sits very close to his revised 75 million ounces based on the data from the latest Bank Participation Report that came out on Monday.  But, just doing the math, JPMorgan still holds about two thirds of the entire Commercial net short position in silver all by itself.  How’s that for concentration? In gold the Commercials traders decreased their net short position by an eye-watering 2.81 million [Comex paper] ounces, and all at the expense of the technical funds that sit in front of their computer screens buying and selling on the moving averages.  The Commercials played them like a fiddle again last week. The Commercial net short position is down to 6.58 million ounces.  This is not the lowest it has ever been, but it’s darn close. In the process, the non-Commercials sold 4,969 long contracts and bought an astounding 24,815 short contracts, for a total of 2.98 million [Comex paper] troy ounces.  The Commercial traders happily did precisely the opposite.  But, as in silver, the small traders in gold also ended the week increasing their net long position.  It wasn’t much, only 1,669 contracts, but it should have been a decrease as well.  I’ve never once mentioned copper in my COT comments, but I will today, as Ted Butler has mentioned it in his report from time to time, and it was the same story there as well.  The Commercials tricked the tech funds into selling longs and buying short positions, while JPMorgan et al loaded up on the long side.  The Noncommercial/small trader went long for the reporting week as well. I look forward to hearing what Ted has to say about all this in his weekly report to his paying subscribers later today, and if I find something I think you might be interested in, I’ll steal it for my Tuesday column. Here’s Nick Laird’s “Days of World Production to Cover Short Positions” chart for all physical commodities traded on the Comex, updated with yesterday’s COT data. The dollar index closed on Thursday in New York at 81.03.  The price traded sideways in Far East trading up until 3 p.m. Hong Kong time.  The subsequent rally topped out at 81.15 about 9:40 a.m. in London, and then by 9:15 a.m in New York, the index had fallen down to the  80.81 mark.  The smallish rally after that didn’t last, and the index closed at 80.84, which was down 19 basis points from Thursday. Since JPMorgan has a long-side corner in the Comex futures market in gold, their positions won’t be found on this chart. The important take-away from this chart is the monstrous short positions held in all four precious metals, along with the fact that the four largest traders hold the lion’s share of the short position in all, to the point where the holdings of the next ‘5 through 8’ traders are almost immaterial. I have a decent number of stories for your weekend reading pleasure, including a few that I’ve been saving for today’s column. The deliberate nature of the current price decline is good news for future performance because it provides the explanation for why we have dropped so much in silver. We went down in price this year because JPMorgan and other commercial traders tricked the technical funds into selling on progressively lower prices on numerous occasions. The technical funds did well for some time early in the year as prices continued to fall, benefiting initial sales, but the choppy price action over the past few months has hurt the tech funds. But tech fund performance is moot; what is important is that Comex positioning caused the price decline, as is confirmed in COT and Bank Participation Report data. The reason this is also good news is because not only does it explain the decline, it rules out other reasons that would have been much more problematic. Let’s face it, had the big silver price decline been due to widespread investment selling, or collapsing industrial demand or a dramatic surge in mine or recycling output, that would temper future bullish expectations. But as far as I can tell, none of those things occurred; the clearest and most plausible explanation for the silver price decline was the rigging of price on the Comex. – Silver Analyst Ted Butler: 13 November 2013 Today’s pop ‘blast from the past’ is 37 years young, hailing from 1976.  It’s amazing where all the times goes.  This pop classic was a one-hit wonder for a singer/song-writer named Henry Gross; but what a hit it was!  The astonishing story behind this song was that he wrote it about the death of Beach Boy Carl Wilson’s Irish Setter of the same name.  You couldn’t make this stuff up! The link is here. Camille Saint-Saëns composed Carnival of the Animals in 1886 shortly after his disastrous concert tour of 1885/86.  It’s a humorous musical suite of fourteen movements, and was written for private performance by an ad hoc ensemble of two pianos and other instruments. Saint-Saëns was adamant that the work would not be published in his lifetime, seeing it as detracting from his “serious” composer image. He relented only for the famous cello solo The Swan, which forms the penultimate movement of the work, and which was published in 1887 in an arrangement by the composer for cello and solo piano. Most of the time you hear this played as an encore piece when there’s a cellist as featured soloist, along with the harpist from the symphony orchestra involved.  But for purists, the piano/cello duet is the only version worth your while.  It’s a miniature masterpiece, and everyone has heard it in one form or another sometime in their lives.  The link to the youtube.com video is here.  Enjoy! There’s not much to discuss regarding yesterday’s price action in both gold and silver, but there was obvious price interference going on in both platinum and palladium. But as the Commitment of Traders Report so admirably showed, JPMorgan has covered as many short positions as they can in silver, and Ted Butler’s raptors are drowning in their almost-record long positions, and JPMorgan et al are also massively long the gold market, and in copper as well. But where we go from here, and the timing of that event, is only known to a handful of people.  Until then, nothing will be allowed to happen price-wise.  But the moment that policy changes, it will become immediately obvious in the price, and you won’t have to ask if “this is it” or not, as it will be self-evident. So all we can do until then is twiddle our thumbs and wait it out.  That’s all I’m doing. I have nothing else for you today, and I’ll see you here on Tuesday. Celebrate Thanksgiving with Sprott Money’s Thanksgiving Sale! For 2 weeks only (November 15 – 28), enjoy FREE shipping & insurance when you buy $4,999 or more at Sprott Money! Owned and managed by Eric Sprott, Sprott Money Ltd. is a leading precious metals dealer selling gold, silver and platinum coins and bullion bars online and over the phone. Don’t miss your chance! Place your order now at http://store.sprottmoney.com/ or call us at 1-888-861-0775! No coupon code required. Since its inception, Sprott Money has prided itself on superior customer relations, providing its clients with only the highest quality bullion products in addition to delivering them discreetly and on time. Sprott Money also offers allocated, segregated, private and non-bank storage services in the US and in Canada. “In the sea of financial assets and currencies that are being decimated the world over, the one true safe haven continues to be gold.” – Eric Sprottlast_img read more


Editors note Agora founder Bill Bonner has never


first_imgEditor’s note: Agora founder Bill Bonner has never done anything like this before… If you haven’t heard, he recently committed to invest $5 million of his own family’s trust in the stock recommendations of just one of his analysts: expert value investor Chris Mayer. Chris has one of the best track records in the business. Over a 10-year span, he safely beat the markets by three-to-one and outperformed some of the world’s best investors, including Warren Buffett. And now, until tonight only, you can invest alongside Bill with a subscription to Chris’ brand-new service Bonner Private Portfolio. But, as Bill points out in today’s special essay, this service isn’t for everyone… By Bill Bonner, editor, The Bill Bonner Letter Today, we address a reader’s objection (shared by many, we suspect) about the new advisory from Chris Mayer we’ve been promoting, Bonner Private Portfolio: $1,950 is a lot of money for a few books and a couple of stock picks. I appreciate that you want to expand your asset base to benefit your descendants, but you’ll need to do it without my participation. When one of our affiliate groups published Chris’ research, they priced it at $49. Other readers have noticed, too: There’s a big jump from $49 to $1,950. Why? Are we just greedy? “Elasticity of demand” is what economists call it. We noticed it, too. You price something at $49, you get a lot of buyers. You set the price at $1,950, you get a lot fewer. If the elasticity is perfect… you get the same amount of money almost no matter what price you put on it. So, from a cash flow point of view, it made little difference (at least, in theory… but also backed by substantial experience) which price we put on Chris’ new service. “Greed” or “expanding our asset base” had nothing much to do with the choice of the price. Of course, we always want to expand our asset base; our company is not a nonprofit. But there’s more to the story… 10-Year Test We’ve been in this business for 36 years. We think… and hope… we’ve gotten better at what we do. Not only have we made progress in understanding how the investment world works, but also we understand better how our readers and customers react to it. Initially, we didn’t know whether Chris would succeed in making his readers money. It took 10 years to find out. During that time, readers could test him themselves – for less than the price of a newspaper subscription. And since neither we nor Chris’ readers knew exactly what we had, probably neither of us got the full value of his research. Subscribers came. And went. They bought. They sold. Nobody – maybe not even Chris – understood how valuable his recommendations were or what to do with them. But now we see that Chris is an excellent long-term, value-oriented investor. As we’ve been telling you, over a 10-year period, Chris’ recommendations beat the overall market three-to-one… beat Warren Buffett’s Berkshire Hathaway two-to-one… and turned every $10,000 into nearly $50,000. But you can’t make much money trading in and out of his recommendations. You have to buy and hold. And you have to be willing to sit through periods of substantial drawdowns. Recommended Links Rickards: “Don’t Buy A Single Ounce Of Gold…” **This is an URGENT warning from Jim Rickards.** If you’ve seen the writing on the wall, like me, you know that gold could soon hit $10,000 per ounce. However, today I’m urging you NOT to buy a single ounce of gold till you read what I have to say. Click here for access to my urgent gold announcement. – [EXPIRES TONIGHT] What Bill Bonner Discovered in Vancouver Will Shock You At a private meeting on a boat in Vancouver, Bill discovered an opportunity so impressive, he’s putting $5 million of his family trust money toward it. To find out how to join him, click this link before tonight at 11:59 p.m. — Sticking With It Most investors – and we use the term loosely – do not expect that from a $49 service. They want big ideas. They want speculations. They want to trade. They want more immediate gratification. Putting the average investor together with Chris is not good for either. Bonner Private Portfolio is for more serious, long-term family investors. It requires readers who understand how value investing works… and are willing to stick with it. It’s not exciting. There’s not much to talk about. There are few occasions for bragging about your results (unless, that is, you have plenty of patience). So, for Bonner Private Portfolio, we did not want a lot of readers; we only wanted the few who were suited to it. That’s why we deliberately put the price high: to discourage casual subscribers or those who had not enough money to make it worthwhile. We want serious subscribers who understand and appreciate the service. You can’t just “try it out for a few months.” You have to stick with it. Serious Bargain Is $1,950 the right price? Too much? Too little? We don’t know. But judging from the results, it might have been too low. We have more subscribers than we expected. That may be because the serious investor compares this service – as he should – with a managed account. If he puts his money with a value-oriented manager, he will pay upward of 2% a year (if you’re lucky). With $500,000 invested, that works out as $10,000 a year. The serious investor with serious money sees that Bonner Private Portfolio is a bargain at $1,950. Almost every investment approach works sometime for someone. But none work all the time for everybody. Some are meant for serious, long-term wealth building. Others give traders and speculators the adrenaline rush they look for. Some are good for sophisticated investors with a lot of money. Others are more appropriate for people with little money and little experience. Putting the right people together with the right service is still hit or miss. But we’re getting better at it. And pricing Chris’ new service at $1,950 is a step in the right direction. If the advice turns out to be good, no one will complain. If not… well, we will have learned something. Editor’s note: Right now, you can sign up for Bonner Private Portfolio—and get in on Chris’ recommendations 48 hours before Bill does—for $1,000 off the normal price. Chris releases his newest stock pick later today—an iconic company trading at a rare bargain. So act soon—this offer ends at midnight tonight. Click here to learn more.last_img read more


A young disabled woman was told that she had been


first_imgA young disabled woman was told that she had been evicted from her residential home while she lay critically ill in hospital.The care home in Barking, east London, run by the company Sahara Care, had originally issued the eviction notice to Lakhvinder Kaur (pictured) in a letter on 6 April, just days after she had made an allegation of physical abuse against a member of staff at the home.In the same letter in which the company told her that it had referred her abuse allegation to the care watchdog, the local council and the police, it also told her that it was giving her 28 days’ notice to leave the home, Sahara Parkside.Several weeks later, Kaur, who has spinal muscular atrophy, was rushed to hospital with blood poisoning.Just days after she was admitted, on 28 May, and while still fighting for her life, the care company told her she would not be allowed to return to Sahara Parkside when she was released from hospital.Kaur has been trying since last year to find accessible accommodation that will allow her to live independently and safely with the support she needs.And because her local authority Newham council has not been able to find somewhere safe and appropriate for her to live, the hospital that treated her has itself told the council that it needs to evict her because she has now recovered from the blood poisoning.She told the council in an email: “My current situation worries me because each time I am admitted to ICU [the intensive care unit] my chance of recovery is reduced and increases my risk of death.“This risk could be better managed if my housing and care package was addressed.”She also told her social worker: “I believe I have valid reasons to express my deep and worrying concerns about my hospital discharge particularly when there is so much uncertainty and unknowns around my housing and support package.”She has now been told that she will have to move temporarily into a hotel room when she leaves hospital.Her case highlights once again the drastic shortage of accessible housing across the country.The Equality and Human Rights Commission said only last month that disabled people had been left “demoralised and frustrated” by the housing system and faced a “chronic shortage” of accessible homes.Kaur has been trying to persuade the council that she needs a two-bed flat to provide the space she needs to comply with employment law for her personal assistants, and to ensure her own health and safety, as well as her need for privacy, and space to store vital medication and equipment.She believes that the continuing struggle to ensure the support she needed at Sahara Parkside contributed to the illness that left her in intensive care.A spokeswoman for Newham council said: “We are working to find an interim property for Laki to move in to when she is discharged from hospital so Laki can get the support she needs. This is whilst we find her a permanent home.”She said the council “recognises there is a chronic shortage of housing across the country”.But when asked if the council accepted that the continuing failure to find her accessible housing and provide the support she needs were breaches of her rights under article six (on disabled women) and article 19 (on independent living) of the UN Convention on the Rights of Persons with Disabilities, the spokeswoman denied that the council “has any direct responsibility for the implementation of any of the rights” under the convention.She said: “Even if it did have such responsibilities, in its view there have been no breaches by the council of articles 6 or 19.“The issue in this case is the shortage of properties, particularly in London.”She added: “The borough in which the safeguarding issue arose investigates the complaint.“As Sahara Homes is based in Barking and Dagenham, it would be for that local authority to carry out the investigation. Newham is chasing for the outcome of this investigation.”Kaur has been trying for eight years to secure a proper care package that will keep her safe, and allow her to live in her own home, manage her own support, and enjoy the typical social life of a woman in her 20s.Instead, she has had to move from one inappropriate care home and supported living setting to another.  Last November, Disability News Service reported how she had been left been unable to leave Sahara Parkside for nearly three weeks because its managers were trying to evict her for complaining about her care, and for her attempts to enjoy a proper social life.Managers at the home even threatened to change the security code on the entrance if she left the building, and they tried twice – unsuccessfully – to persuade the police to evict her.Sahara said this week that it could not discuss individual cases.last_img read more


Millennial Millionaires and Their Prenups What They Need to Be Thinking About


first_img Add to Queue Millennial Millionaires and Their Prenups — What They Need to Be Thinking About Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. 6 min read –shares Guest Writer Divorce Opinions expressed by Entrepreneur contributors are their own. Next Article November 2, 2018 Bringing up the ‘P’ word before you marry may be awkward. But you can always tell your intended, ‘My lawyer made me do it.’ Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Image credit: fizkes | Getty Images Enroll Now for $5 Copyrighter at Cross Marketing Kristen Gray There are those who say prenups (prenuptial agreements) kill the romance. But would you still think the same if you had a lot to lose should your marriage end in divorce?Related: How Will ‘Brangelina’ Divide Their Millions? And Who Gets the Winery?Over the past 20 years, the use of prenups has increased by a factor of five for millennials, according to the American Academy of Matrimonial Lawyers ( which defines millennials as those ages 18 to 34). From celebs like Kylie Jenner and Justin Bieber — who just signed premarital agreements with their partners — to Travis Scott, and Hailey Baldwin, and the many, many young marrieds active in the startup world, premarital agreements are trending, and for all the right reasons.That’s the view of Bay Area celebrity divorce lawyers Anne Cochran Freeman and Monica Mazzei, who practice family law at Sideman & Bancroft LLP. The two lawyers say they believe that with prenups, today’s entrepreneurs can best protect what they have worked so hard for.“What we are seeing today is an influx of up-and-coming millennials and entrepreneurs,” Mazzei told me. “These people are waiting longer to say, ‘I do,’ which means they typically have more assets, accumulated wealth from a 401(k) and stock options and possibly real-estate ventures.”They could potentially have a lot to lose if a prenup is not put in place. Who is to know that their assets could increase tenfold?”What many people don’t realize is that they also need to protect their intellectual property, not just their tangible assets. After all, people can launch several businesses during the course of a marriage. And, to some founders, a business is something they believe should be solely theirs no matter what.In that case, the very idea of a business has to be protected. “One of our clients simply had a business concept, a company that had not come into fruition. Her fiancé agreed to any future property or assets from said company being hers. The company is now worth $300 million,” Freeman said.In the case of Kylie Jenner and her makeup line, Kylie Cosmetics, the reality star opted to protect what assets she has now and those she will accumulate throughout her marriage, ensuring that her business will not be communal property. Because there are no exceptions to this clause, Jenner is 100 percent protected.Related: 6 Guidelines for Helping Your Business Survive a DivorceHow your startup comes into the mixCompanies today are also opting more and more for agreements where the board comes to an arrangement to protect assets among the partners in case divorces among them occur. “Stock options are a company’s property until an employee leaves the firm or [the company goes] public,” Freeman said. “But what if this employee gets a divorce before leaving, or what if they IPO? Adopting another partner to split stock options is never ideal.”Think of it this way: Every married couple is granted a prenup. This means either an agreement that the partners decide together, or that your state decides for you. Sure, you can always create a postnuptial agreement, but that option tends to become a bit messy should things ever go south.“Its best to arrange for a prenup while you still like one another,” said Mazzei. With millennials’ love of customization, it should be a no-brainer to opt for formulating a prenup with their partners.“A marriage is a two-person team; therefore, a couple needs to carve out some partnership in their marriage,” said Freeman. “This is commonly the family home or the greater salary, while investment properties are best left undivided, but the decision is yours. That’s the beauty of it.”How to bring up the “P” wordConvinced, but not sure how to bring up the topic? The “P” word can be daunting. “Love is in the air and the subject can be awkward, but it doesn’t have to be. Many of our clients blame their parents or their estate planner. It’s better this than to say it’s something you want to have,” said Freeman.Should you decide a prenup is a wise choice for you and your soon-to-be spouse, here are the guidelines to take note of:Make sure you attorney has business knowledge. “They must be business savvy and understand how to best plan for future contingencies,” said Freeman.”Both parties also need to have their own separate attorney for a prenup to be valid.”Plan ahead with a prenup. “It is advised to not start arranging for a prenup less than one month before your marriage,” Mazzei said. “You should get the ball rolling at least three to four months out, especially if you have a lot of property and assets. Our longest prenuptial agreement took a year and a half to finalize because of corporate counsel, working with people outside of the country, an estate-planning attorney, a tax attorney and family business.Pay attention to the details. Does your  partner have offshore accounts? Where will you be living? These questions may require tax attorneys and estate attorneys to partner up on what will happen with your valuable assets. “Many of our clients are techies who are originally from China or India, and who now live in the Bay Area: Their agreements involve international attorneys, which increases the amount of time to draft an agreement,” Freeman said.Recognize that no two prenups are alike, because no two couples are alike. “Clients come to see us with examples of a friend’s ironclad contract, but agreements are not one size fits all,” Mazzei said. “There are many variables to consider, and they are unique to each relationship. Are there children involved, or will there ever be? How do children affect financial decisions? There are psychological aspects, and where you plan to live matters, too.”Prepare for the future. “Imagine,” said Freeman, “being divorced from your spouse, who took care of the children and home, and not having a nanny to come to the rescue. After a divorce, many of our Silicon Valley clients who once had their partner handle dinner arrangements, vacation planning and child-rearing while they were at the office, are left with the question, ‘Now, what?'”Related: Shark Tank’s Kevin O’Leary Says Married Entrepreneurs Must Do This or Risk DivorceExperiencing a divorce is a trying time no matter how much or how little money you have, and a breakup causes a ripple effect. You can’t call your ex-wife or secretary, so you turn to someone you trust: your lawyer. If this professional is both a oncierge-level specialist and a personal counsel to you in all the meaning of that word, you just may get back to living your best life — in one piece.last_img read more


Iowas Massive Bird Flu Outbreak Prompts Mexico to Ban Imported Poultry Eggs


first_img April 22, 2015 Reuters –shares Add to Queue Register Now » Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Iowa’s Massive Bird Flu Outbreak Prompts Mexico to Ban Imported Poultry, Eggs Mexico, the biggest buyer of U.S. chicken, has halted imports of live birds and eggs from the U.S. state of Iowa due to an outbreak of deadly bird flu there, the Mexican government said on Tuesday.Mexico and other major countries last month imposed new export restrictions on poultry products from various U.S. states, but a new outbreak has hit top U.S. egg-producing state Iowa.Iowa found a lethal strain of bird flu in millions of hens at an egg-laying facility on Monday, the worst case so far in a national outbreak that prompted Wisconsin to declare a state of emergency.Bird flu, also called avian influenza or AI, is a viral disease that infects birds. Officials believe wild birds are spreading the virus but they do not know how it is entering barns.Shares of several leading meat companies’ in the United States fell on Tuesday on concerns over the Iowa outbreak.Mexico’s agriculture ministry said it and animal health body SENASICA had tightened controls and monitoring of migratory wild birds, and it said they were in constant contact with bird farms in Mexico to detect any suspicious cases domestically.The ministry emphasized that Mexico is self sufficient in the production of eggs for consumption, and that Mexican producers import fertilized eggs used for breeding.Iowa was already among 12 states that have detected bird flu in poultry since the beginning of the year. The other states are Arkansas, Idaho, Kansas, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Washington and Wisconsin.center_img Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 2 min read Next Article Food Image credit: threeboydad | Foap This story originally appeared on Reuterslast_img read more


In El Chapos home state Mexicans bemoan his punishment far from home


first_imgCULIACAN, Mexico (Reuters) – Joaquin “El Chapo” Guzman is never going back home to Sinaloa. A view of the “Saint Jesus Malverde” chapel in Culiacan, in Mexico’s state of Sinaloa, Mexico July 17, 2019. REUTERS/Jesus BustamanteThe Mexican drug lord will instead spend the rest of his days in lock-up thousands of miles away in the United States, after a judge on Wednesday sentenced Guzman to life in prison, plus 30 years. In Culiacan, the capital in Mexico’s northwestern state of Sinaloa, locals lamented that Mexicans were deprived of the chance to see the notorious capo tried, convicted and punished on his native soil. “He doesn’t stop being Mexican… He should be paying for his sins here in Mexico,” said Victor Estrada, who was at a public plaza in Culiacan. After an 11-week trial, a U.S. jury in February found Guzman guilty of trafficking tons of cocaine, heroin and marijuana and engaging in murder conspiracies as a leader of the Sinaloa Cartel, one of Mexico’s most treacherous drug trafficking groups. U.S. District Judge Brian Cogan has ordered Guzman to forfeit $12.6 billion. He also said Guzman deserved the harshest sentence possible because any potentially redeeming qualities were overshadowed by “overwhelming evil.” Nevertheless, many in Sinaloa treat Guzman as a Robin Hood figure who helped the poor mountain village where he grew up and neighbouring communities. At a Culiacan chapel dedicated to the folk saint of drug smugglers, Jesus Malverde, vendors sell figurines of a mustachioed Guzman wielding a rifle and grenades as well as framed photos of the drug lord, right alongside colourful rosaries and images of Jesus Christ. “He’s had his bad side, but for me he was a good person,” said Rafael Morales. “He helped Culiacan a lot… many people love him.” If he had been sent to prison in Mexico, at least his family would be able to visit, noted Karla Arellano, who called the sentencing unjust. “Whatever he may have done, he helped,” she said. Guzman was extradited in 2018 following two break-outs from Mexican jails – one purportedly in a laundry cart, the other through a mile-long tunnel. Given that record, Guzman will likely be sent to a Supermax prison in Florence, Colorado reserved for dangerous criminals. Brianda Lopez said the sentence was fair – and just as harsh as she expected – but agreed with others that Mexico should have had a role in his judgement. “It’s sad that a person who causes so much harm in his country has to be judged in another, and not his own,” she said. She added that although Guzman is behind bars, the drug trade’s cycle of violence and killing persists. Slideshow (6 Images)“We see crime everyday, every minute. We all know someone that was killed or a cousin of a friend that’s involved in drug trafficking,” she said. “He already has a successor; it doesn’t change anything.” Ismael “El Mayo” Zambada, Guzman’s long-time partner, is believed to have taken over Sinaloa Cartel operations since Guzman’s capture in 2016 and consolidated power for the cartel, which is the biggest drug distributor on U.S. streets. Miguel Soto, who left a candle at the Jesus Malverde chapel, said it was for the best that Guzman will be jailed far from home. “Here, it’s easier for him to escape than in the United States,” he said. Reporting by Jesus Bustamante, Writing by Daina Beth Solomon; Editing by Cynthia OstermanOur Standards:The Thomson Reuters Trust Principles.last_img read more