PaturiaDaulatdia ShimuliaKanthalbari ferry services resumed

first_imgFerry services on Paturia-Daulatdia and Shimulia-Kanthalbari routes in the Padma River resumed after a five hours of disruption caused by dense fog on Thursday morning.Salauddin, an assistant general manager of Bangladesh Inland Water Transport Corporation (BIWTC) at Aricha, said the ferry services on Paturia-Daulatdia were disrupted since 6:00am due to poor visibility caused by thick fog.During the time, four ferries remained stranded in the mid-river, he said.Over five hundred vehicles were waiting at the both ghats for crossing, he added.Ferry services resumed around 10:50am as the fog removed.Also, ferry services on Shimulia-Kanthalbari route in the Padma River resumed after a five-hour disruption caused by dense fog in the morning.The ferry services were disrupted between  5:00am and10:00am due to poor visibility caused by thick fog, said Shah Newaz Khalid, assistant general manager of BIWTC.last_img read more

In This Issue… Risk takers head for the hills…

first_imgIn This Issue… * Risk takers head for the hills… * German Industrial Output soars! * Spending gets out of hand! * Yen runs alongside the dollar… And, Now, Today’s Pfennig For Your Thoughts! Elections Throw Euro Under A Bus… Good day… And a Tom Terrific Tuesday to you! I’m back in the saddle today, just in time for a few meetings today… UGH! I’m just not a “meeting person”… Once you get more than two or three people into a room, it tends to last longer than it should… But that’s just me… I know a lot of people that “live for meetings”… I was overcome with much sadness last night, when the Big Boss Frank Trotter, sent me an email, letting me know that his good friend, Peter Huber, had died. You see, I never met Peter, but we shared emails and a couple of phone calls a few years ago. Peter was diagnosed with kidney cancer, the same time I was diagnosed with the same disease. June 2007… We talked about the side effects of the chemo medicine we both took, and shared ideas of foods that didn’t upset our stomachs… Peter’s cancer spread too quickly, and after 5 years of trying every “new cancer treatment”, he died… I can’t help but fell sadness for his family, and sit here and think about how God has allowed me to go on… OK… sorry for the bummer beginning to today’s letter, but when I have something on my mind, or chest, I have to let it out… Well… last Friday, I sent you into the weekend talking about the elections that had held the euro hostage, that would be held in France and Greece… France got their socialist leader, good for them, I hope they have fun with that… And Greece got a government, no wait, no they didn’t… You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government… Both of these elections couldn’t have gone any worse for the euro… France’s new leader, Hollande, ran on an anti-austerity platform… and for now, that will carry a lot of weight with traders and investors as far as their wanting to take on euro exposure. Of course, history tells us that eventually Hollande will see things along with the Germans… But, maybe, and here’s that phrase I dislike, “this time’s different”… Greece still hasn’t formed a government, so talk about a screwed up country! Sorry, I don’t mean to insult anyone that’s Greek, but come on, the country had a government that was doing the right things, bringing their excessive deficit spending down, but the pain apparently was too much for the citizens… Well, I’ve got news for them… That pain was nothing, compared to being bounced out of the euro! So… with the Big Dog, euro, getting hung out on a line, the footing for the currencies has been very slippery… And with the proxy for global growth, Australia, seeing their central bank debase the Aussie dollar (A$), the rest of the commodity currencies are also in search of terra firma. Gold & Silver have really seen heavy selling… but by whom? We’re not seeing it here on our metals desk… but, we’re not a “bullion bank”, or Big Swinging Metals Dealer, so maybe they’re seeing something different… U.S. stocks are getting their due too… dropping 4 days of the last 5… Which has people running to U.S. Treasuries again… Always running, never caring, that’s the life you live… sage words from the song I’m listening to right now… Red Rubber Ball, by the Cyrkle… Oh, by the way, the U.S. Treasury will auction $72 Billion worth of new Treasuries this week… And, oh, by the way, the U.S. Gov’t is doing their best to provide job security for the Treasury people… In the first 6 months of our fiscal year 2012, the U.S. Gov’t, has spent $1.84 Trillion. For comparison of numbers purpose only… For the entire year of 2001, the U.S. Gov’t spent $1.86 Trillion, which happened to be an all-time record at that time! But this current group will double that all-time record of 2001 this year… Speaking of 2001… I gave a presentation this past weekend to a group of people who had no idea who I was! Well give or take a couple of current Pfennig Readers, it was a new group that would hear things they hadn’t heard before… A lot of them signed up to read the Pfennig, so, welcome to you! The thing I was going to talk about though, was I showed them the U.S. Debt Clock of 2001, when our national debt was $5.7 Trillion… and then showed them the Debt Clock, circa 2012… $15.7 Trillion! The U.S. Gov’t has increased the national debt by $6.7 Trillion in the last 5 years… But the previous 5 years wasn’t exactly good, as the debt was increased $3.3 Trillion… I also told them that in 2001, Chuck had more hair, less weight, and few believers… OK… I’ve got to go on to something else before I explode here and begin throwing things! How could we as a country allow our leaders to do this to us, our kids, and grandkids? But right now… everyone wants to take pot shots at the Eurozone debt crisis, and not pay any attention to the U.S. debt crisis… Look, the Eurozone, as a whole, and the U.S. each contributed about 20% to the global GDP last year, so, it’s not like we’re comparing apples to oranges here… Both of these problems are nothing to ignore… The brightest shining star of the Eurozone, Germany, saw their Industrial Output jump 2.8% in March from Feb, which was 3 times the consensus forecast… And February’s -1.3% decline was revised upward to finish at -.3%, much better… and suggests to me that Germany probably skirted by the recession gauntlet… Well… it looks like Australia is going to turn their modest Budget Deficit of $44 Billion into a Budget Surplus next year… And with that news, the Aussie also announced that bond sales would decrease by 80%! OK… remember when I told you that I had the feeling that Australia was becoming the new Switzerland? Well, if they can pull this off in a time when a lot of countries are finding it difficult to live within their means, then a big feather will be in their cap! And… think about this… reducing their bond sales, will make the rest of the outstanding issues more valuable… Or at least that’s what I learned from the guy that taught me all about bonds, my friend, Ed Bonawitz… Now, Australia’s kissin’ cousin across the Tasman, New Zealand, is going in the opposite direction with their Budget… The N.Z. budget deficit widened in the 9 months through March to NZ$787 Million… Of course, NZ$ 787 Million isn’t exactly $1.2 Trillion, but then New Zealand is much smaller than the U.S. so, that goes back to my thought on comparing the U.S. to the Eurozone… The New Zealand dollar / kiwi has really shown some weakness lately, as it no longer can cling to the coattails of the A$… And now this Budget Deficit isn’t going to sit well with traders… But hey! The Japanese yen is securely back on the rally tracks! See how mixed up the investing world is these days? Japan’s debt is beyond the atmosphere, the U.S.’s debt is up to its eyeballs, but investors seek out these two when the risk takers head for the hills… The Chinese renminbi has been bouncing back and forth, in a very tight range lately… Today, the renminbi is a bit weaker, but that’s a tiny move in the renminbi world… A week has gone by since the U.S. Treasury Sec. Geithner, was in China to urge them to do things more like the U.S. Hopefully, the Chinese will continue to ignore the calls by the U.S. to do things more like them… Years ago, when it was fashionable to kick the Chinese for our Trade Deficit, when all they did was sell us stuff that we ended up buying… I told you all that the currency level of the renminbi was not going to correct our Trade Deficit… our financial meltdown took that task on, and reduced it by a large amount, but the Trade Deficit remains a problem… why? Oil… go ask the OPEC members how many dollars they have in reserve from their oil sales… Why doesn’t the U.S. Treasury Sec. sit down with the OPEC members and see if he can get them to change the way they do things? He’s tried it with China on numerous occasions… OK… I don’t mean to kick sand in the Treasury Secretary’s face… I’ve talked enough about his past at the Fed NY before & after the financial meltdown, that I won’t bore you with repeating all that! The Singapore dollar (S$) continues to remain strong.. The Monetary Authority of Singapore (MAS) gave the wink and nod for further S$ strength, so, when the Chinese renminbi decides to stop trading in a range, and get back on the rally tracks, the S$ will follow along. I see the British pound sterling (pound) continues to surprise me with its strength… Remember, I told you that the U.K. had gone for a double dip recession… and the Bank of England (BOE) had decided to add to their bond buying (stimulus)… But, the pound hangs tough… I guess right now it’s good to not be the euro… The U.S. data cupboard is pretty empty today… So, there’s nothing to look for to drive the markets this morning… I guess they are on their own! Then There Was This… Well.. in keeping with what I talked about above, regarding history with French and German leaders… German Chancellor Angela Merkel told reporters ahead of a meeting that she’ll have with France’s new leader, Hollande, that the fiscal pact is not up for renegotiation… “Merkel said Hollande would visit the German capital shortly after his inauguration as president, expected to take place on May 15, without giving a date for the much-awaited meeting.The German chancellor irked Hollande by openly campaigning for his rival Nicolas Sarkozy, who comes from the same conservative political family as Merkel.During the campaign, Hollande won few friends in Berlin by criticizing Merkel’s insistence on austerity as the way out of the Eurozone debt crisis, seeking to shift the focus to growth.But Merkel told reporters that both budgetary consolidation as well as growth was necessary in Europe and reiterated that the EU’s fiscal pact — aimed at reducing ballooning deficits — was not up for discussion.” Chuck again… this is not what the euro needs right now, or the Eurozone for that matter! They need a united front to implement austerity measures to get deficit spending under control… To recap… The risk takers have all headed for the hills… stocks, currencies, commodities including Gold, Silver and Oil, are all down, and U.S. Treasury yields are falling again… German Industrial Output was very strong in March, and Feb’s number was revised upward, thus suggesting that Germany will not go into recession. Australia announced that they will have a Budget Surplus next year, and reduce bond issuance by 80%! And Japanese yen continues to run alongside the dollar… Currencies today 5/8/12… American Style: A$ $1.0150, kiwi .7910, C$ $1.0030, euro 1.3030, sterling 1.6155, Swiss $1.0850, … European Style: rand 7.8525, krone 5.8040, SEK 6.8250, forint 220, zloty 3.2150, koruna 19.27, RUB 29.68, yen 79.75, sing 1.2465, HKD 7.7615, INR 53.13, China 6.3079, pesos 13.20, BRL 1.9195, Dollar Index 79.73, Oil $96.86, 10-year 1.84%, Silver $29.70, and Gold… $1,629.00 That’s it for today… I had a picture of the EverBank banner that hung in front of the NYSE last week on my desk this morning… Pretty impressive! I did do two Conferences in South Florida while I was gone, but it’s good to be home… Alex finished his Water Polo season in fine fashion scoring 3 goals in a 6-4 victory over a private school that doesn’t lose very often… Next year, he’ll most likely move up to varsity, and play for his older brother! That will be interesting! Thanks to Chris and Mike for picking up the conn on the Pfennig for me those two days, I would have found it difficult to do… Next week I head to Las Vegas for the Money Show, so a week of being at home and then back out… But then I’m finished until late July… So… that’s fine with me, and I’m sure Jennifer, who has to fly solo when I’m gone! And with that, I ask you to hug your kids today, your spouse, parents, etc. and go out and have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 read more

2001 Monster gold bull cycle delivers a 630 adva

first_img2001. Monster gold bull cycle delivers a 630% advance over the following 10 years.As I pointed out last month, markets cycle. The current range-bound price for precious metals won’t last forever, for the simple reason that they never have, especially in the resource market.If you set your sights on the big picture, you’ll see that in spite of today’s negative emotions, gold’s future prospects will render them a distant memory.Consider some of the likely changes on the horizon and how they will transform the gold market from flat and listless to exciting and profitable…Stock market reversal. The performance of the broader equity markets is probably the biggest reason gold hasn’t attracted the mainstream. But stock markets cycle, too, and a correction is due, perhaps overdue—the S&P is up six straight years and nine consecutive quarters. Margin debt is higher now than it was preceding the 2008 crisis, and corporate profits saw the biggest drop in four years last quarter. Gold will be the benefactor in the reversal, especially since it’s already corrected. Bond market turmoil. As my colleague Dan Steinhart pointed out in The Casey Report, there are currently $3.6 trillion in negative-yield government bonds outstanding today, mostly in Europe and Japan, giving investors zero chance of making money or even breaking even. The sad outcome here is that inflation will massacre the average bond holder.My point is that any reasonable big picture view of the political, financial, and economic trends show that virtually all of those changes will be very positive for gold—and aren’t that far off.It will be a new day for the gold market, one full of rising prices and profitable investment statements.But despite all this evidence, there are those in our industry still calling for gold to fall.Among the loudest is my colleague Harry Dent.He says gold will drop to $700/oz.Of course, I think he is dead wrong.And I bet Harry bullion from my private stores that gold will never drop to that level.He took the bet. And to help you decide who will win (hint: it’s me), Harry and I each put all the research we’ve assembled to form our predictions into a special 18-page report titled Gold: Dead or Alive?For anyone who owns an ounce of gold or single share of mining stock, this is a must-read. And it’s completely free. Click here to get your copy. Currency war backfire. This “race to the bottom” being pursued by global central bankers won’t work long term. At best, countries steal growth from their trading partners. At worst, it can disintegrate into inflation, recession, retaliation, and even war. Currency wars have happened before—twice in the last century alone—and they’ve always ended badly. One guess what asset performs well in a crisis. Silver soaring and outpacing gold’s gains Gold stocks rocking, erasing underwater positions and racking up the profitsThat’s not pie in the sky wishful thinking—it accurately describes the next stage of the gold market, something that will soon visit your portfolio.With the price of gold currently stuck in place, like a stain on the front of your best shirt, and the stocks only teasing us like Lucy holding the football for Charlie Brown, how can I be so sure?Because that’s exactly what happened after every other bear market. For example…1976. Bear market ends, and gold begins a 701% run in less than four years. Recession. The probability of a future recession is 100%. The only question is when and how big. GDP last quarter was barely positive. Any unexpected surprises to the downside for the economy will be especially positive for gold. US dollar reversal. If you’ve grown tired of the dollar’s “strength,” don’t leave the theatre early. Its rise is certainly not sustainable long term, and in time will be forgotten. Nothing stays standard deviations above the norm forever. And eventually the dollar will collapse, because the trajectory of our debt isn’t mathematically sustainable. 1985. Bear cycle ends, bull cycle begins. Gold gains 71.8% over the next three years. Inflation. The emergence of inflation feels far off, but already there are signs it’s picking up. Wages have started to move higher, what is normally the starting point for inflation. Ground beef prices are now at record highs and have more than doubled since 2010—increases like this can’t go unaccounted for indefinitely. Remember, we don’t have to wait for high inflation for gold to move; it’s the onset of inflation, or an unexpected jump in inflation, that will spur gold. Yearning for sunnier skies for your gold investments? How’s this sound…Gold in a decisive bull market, with the price steadily rising Higher interest rates. We’re skeptical that the Fed will actually raise rates, but eventually the market will force rates higher regardless of the Fed. This, in turn, will hurt the real estate market. Meanwhile, those analysts that blindly assume rising rates are negative for gold forget that real rates (nominal interest rate minus inflation) are positive for gold—an almost certain outcome because of…last_img read more

Nicotine concentration in JUUL ecigarette products is dangerously high finds study

first_imgReviewed by Kate Anderton, B.Sc. (Editor)Apr 9 2019Little is known about the potential health effects of JUUL e-cigarette products that have recently risen in popularity, especially among adolescents. The Food and Drug Administration, or FDA, has a growing concern about this uptick in their use because these electronic cigarettes deliver nicotine — a highly addictive stimulant, with potential to affect the still-developing adolescent brain.A research team led by Prue Talbot, a professor in the Department of Molecular, Cell and Systems Biology at the University of California, Riverside, and James F. Pankow, a professor of chemistry as well as civil and environmental engineering at Portland State University, Oregon, has now found that nicotine concentrations are higher in JUUL electronic cigarettes than in any of the hundreds of other electronic cigarette products the team analyzed.”The nicotine concentrations are sufficiently high to be cytotoxic, or toxic to living cells, when tested in vitro with cultured respiratory system cells,” said Talbot, the director of the UCR Stem Cell Center. “JUUL is the only electronic cigarette product we found with nicotine concentrations high enough to be toxic in standard cytotoxicity tests. A big concern is that its use will addict a new generation of adolescents to nicotine.”Study results appear in Chemical Research in Toxicology.JUUL e-cigarettes are made by JUUL Labs, an electronic cigarette company. JUUL use is widespread among middle and high school students.The research team made a second finding: Although each flavor of the JUUL pod — eight different flavors are available — has relatively few flavor chemicals, several of these chemicals are present in high concentrations.”Some JUUL flavor pods have sufficiently high concentrations of flavor chemicals that may make them attractive to youth,” Pankow said. “We still need to determine if JUUL products will lead to adverse health effects with chronic use.”Related StoriesSmoke-free generation ‘in sight’ as numbers of smokers drop dramaticallyNew regulations on e-cigarettes may have unintended consequencesE-cigarette vaping with nicotine appears to impair mucus clearance”We found some flavor chemicals, such as ethyl maltol, also correlate with cytotoxicity, but nicotine seems to be the most potent chemical in JUUL products, due to it very high concentration,” Talbot said.The nicotine found in JUUL products is currently, on average, about 61 milligrams per milliliter of fluid in pods–equivalent to more than one pack of conventional cigarettes.Talbot is hopeful that the FDA will limit the permissible concentration of nicotine in electronic cigarette products.”The FDA is trying to prevent sales of JUULs to those under 21, but these products still find their way into high schools,” she said. “Our data reinforce the need to prevent adolescents from using products with these extremely high nicotine concentrations.”UCR prohibits smoking and the use of smokeless tobacco products or electronic smoking devices, including JUULS, on campus.”Despite advertisements promoting e-cigarettes and JUUL products as smoking cessation tools, studies have shown, concerningly, that increasing use of these products among youth and adolescents can serve as gateways to tobacco and other substance abuse,” said Julie Chobdee, the coordinator of the Wellness Program at UCR, who did not participate in the study.Talbot explained that various flavor chemicals present in e-cigarette refill fluids, such as diacetyl, cinnamaldehyde, menthol, and ethyl vanillin, are popularly found in sweet, buttery/creamy and fruity/citrus e-liquids.”Depending on their concentrations in the products, these chemicals can elicit varying toxic effects, as has been noted in case reports and laboratory studies,” she said. “For example, diacetyl is a flavoring ingredient commonly found in popcorn. Inhalation of diacetyl, however, can cause a serious lung disease called bronchiolitis obliterans.” Source: read more

Wood fuels key to easing food insecurity situation in subSaharan Africa

Explore further 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. Citation: Wood fuels key to easing food insecurity situation in sub-Saharan Africa (2018, February 27) retrieved 18 July 2019 from “Before policy makers can integrate energy considerations into food security interventions, it is necessary to consider the state of wood fuel research and how it might be expanded to better serve social needs,” Mendum said. “If we ignore this practice of wood burning, which is so widespread, particularly among the continent’s poorest people, we risk putting together solution steps for food security that are not effective.”After poring over the literature, Mendum and Njenga reported that little previous empirical research into wood burning in sub-Saharan Africa has been conducted, so policy makers have scant data to guide them in formulating best practices for sustainable biomass production and consumption. In their study, published this month in Facets, they have some recommendations.They suggest creating financial policy to support wood-burning systems and developing agroforestry to ease the burden on wood gatherers. In rural areas, encourage the planting of trees and then pruning them to use the branches for firewood. As a result, more trees would be in place and people could care for trees and collect firewood on their own properties instead of carrying it long distances.”That means all the negative impacts of hauling wood on women’s backs would be eliminated,” Mendum said.They also recommend conducting more research on the complex issues that connect the use of women’s time, environmental degradation and competition for agricultural nutrients. There are a host of other factors surrounding wood-fuel energy use in sub-Saharan Africa that remain poorly understood, Mendum said.This research gap will not be filled as long as wood-fuel use remains ignored because the assumption is being made that a 21st-century economy must move up the energy ladder, the researchers concluded. Wood fuel is widely used, it has a long history of use, and there are food cultural barriers, widespread poverty and daunting geographic conditions that make other forms of fuel unpopular or unavailable.”We shouldn’t wait until we know the exact nutritional or agricultural productivity impacts of wood-fuel use—that’s information that we may never have the capacity to fully collect,” Mendum said. “It is important to expand the work being done on improving wood-fuel systems with clear attention paid to the impacts of such improvements on food security and agricultural productivity.” Access to wood fuels for cooking must be considered when formulating policy to deal with food insecurity in sub-Saharan Africa, according to researchers who advocate expanding the effort to improve wood-fuel systems and make them more sustainable. Although the health risks of collecting and using firewood and charcoal in traditional ways are real, policy makers, researchers and donors need to address the sustainability and viability of the biomass used by the majority of people, according to Ruth Mendum, director of gender initiatives in the Office of International Programs, College of Agricultural Sciences, Penn State. She collaborated with Mary Njenga, a research scientist who specializes in bioenergy at the World Agroforestry Centre in Kenya.Firewood collection in African society is a gender issue because it is done almost exclusively by women, noted Mendum, who said inadequate sources of cooking energy contribute to food insecurity, particularly for very low income, food-insecure individuals. She believes that that reality has been overlooked intentionally by decision-makers in countries such as Ethiopia, Kenya, Nairobi, Tanzania and Zambia in their efforts to advocate for progressive cooking energy.”It’s not always a question of money—in many cases people simply prefer cooking with wood,” she said. “But we have literally been in places where people have food but don’t have a way to cook it. It is an uncomfortable issue but it’s an issue we need to understand better and learn how to make wood burning for cooking sustainable.”Wood fuels are by far the most widely used for cooking in sub-Saharan Africa. On the continent as a whole, more than 90 percent of the population relies on firewood or charcoal. Charcoal is mostly used in urban centers while firewood is the predominant form of wood fuel used in rural areas. But because wood burning is seen as outdated and environmentally unfriendly, governments have tried to persuade their citizens to use other fuels, such as liquefied natural gas and electricity.Despite those efforts, the use of wood fuels is rising due to population growth and emerging urbanization trends, the researchers point out. For example, a 1 percent rise in urbanization has been linked to a 14 percent rise in charcoal consumption. They recommend that energy availability for household use—specifically wood fuels—should be added to the short list of essential drivers of food insecurity in sub-Saharan Africa. Fungal enzymes could hold secret to making renewable energy from wood Provided by Pennsylvania State University read more

No spring in Syafiqs step on first day of World Aquatics Cships

first_img Diving 29 May 2019 Junior diver Kimberly Bong likely to partner Pandelela at world meet For the second day at the world meet, Chew Yiwei and Ooi Tze Liang will compete in the preliminary rounds of the 3m springboard synchro event today.The duo are unlikely to make an impression but Yiwei’s main focus will be on securing Olympic qualification points in the 10m platform event by making it past the preliminary round and semi-finals next Friday. {{category}} {{time}} {{title}} Related News Related Newscenter_img Diving 11 May 2019 No fear of nosedive Diving 04 Jul 2019 Diver Chew Yiwei out to emulate Bryan’s 2007 feat at World Aquatics Championships PETALING JAYA: It was a disappointing opening day for the Malaysian diving team at the World Aquatics Championship in Gwangju, South Korea.Diver Muhd Syafiq Puteh (pic) could only finish in 33rd place after accumulating a total score of 283.20 points during the preliminary round of the men’s 1m springboard event yesterday, thus missing out on the top-12 final round scheduled for Sunday.China’s duo of Wang Zongyuan and Peng Jianfeng were in a class of their own as they took the top two spots with scores of 429.40 and 410.80 points respectively.Their scores were miles ahead of South Korea’s Haram Woo who was third with 396.10 points.last_img read more