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Ranidel de Ocampo ‘right fit at right time’ for Meralco

first_imgRead Next Don’t miss out on the latest news and information. LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC Fire hits houses in Mandaluyong City The veteran forward was shipped to Meralco Monday, marking the end of a colorful nine-year run with the Talk ‘N Text franchise.“He fits us perfectly and he’s with us at the right time,” Black told INQUIRER.net Tuesday. “Ranidel is not only a talented and experienced player, he’s also very, very smart.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe 6-foot-6 de Ocampo addresses the Bolts’ lack of big men and he gives the team another knock down shooter and reliable post player.“The reason why we wanted him at Meralco it’s because he gives us another floor spacer, somebody who can stretch the floor,” said Black, who won four titles with de Ocampo at TNT. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding ‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon PLAY LIST 01:38‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon00:50Trending Articles02:26Friends, relatives of inmates detained at NBP want visitation rights restored01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Frontrow holds fun run to raise funds for young cancer patients  E.T. returns to earth, reunites with grown-up Elliott in new ad center_img “Our team is built around Durham and we want to surround him with guys who can shoot from the outside,” he added, referring to import Allen Durham, who is a menacing force in the paint.Black hopes de Ocampo is Meralco’s missing piece of the puzzle to finally get over the hump.The Bolts are currently among the top teams in the 2017 Governors’ Cup with a 6-2 record just half a game out of first place held by Barangay Ginebra and NLEX, who own similar 7-2 slates.“We’re aiming to win a championship and we need him right now,” said Black, who has nothing but praise for the 35-year-old de Ocampo.“Ranidel is still the best, if not one of the best stretch fours in the league today.”ADVERTISEMENT MOST READ LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Just over 2 years left, intense work at Tokyo stadium site BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Nonong Araneta re-elected as PFF president Meralco head coach Norman Black believes Ranidel de Ocampo is a perfect addition to the Bolts and his arrival couldn’t have come at a better time.ADVERTISEMENT View commentslast_img read more

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10 months agoBarnes swoops to earn Burnley crucial win at Huddersfield

first_imgAbout the authorPaul VegasShare the loveHave your say Barnes swoops to earn Burnley crucial win at Huddersfieldby Paul Vegas10 months agoSend to a friendShare the loveBurnley produced a critical victory at Huddersfield Town on Wednesday night.The Clarets’ win, their second in three days, was sealed when Ashley Barnes slotted home midway through the second half from Ashley Westwood’s pass.Huddersfield had taken the lead through Steve Mounie’s header in the 33rd minute but conceded an equaliser and had Christopher Schindler sent off within two minutes before half-time.Wood met Dwight McNeil’s low cross from the left six yards out and swept in for his fifth goal of the season.Schindler, who had earlier been booked for a foul on Wood, was then shown a second yellow card for hauling down McNeil on the edge of the penalty area.Defeat means bottom-of-the-table Huddersfield are eight points from safety. last_img read more

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Ohio State, Nike Officially Release Black Uniforms Team Will Wear Against Penn State

first_imgOhio State black uniforms.Where does the black uniform rank?Ohio State will be wearing black uniforms against Penn State on October 17. We already knew that. But today, Nike and the school made it official. Ohio State released the full black uniform Saturday morning around 8:30 AM ET.The look features black jerseys, black pants and a black matte helmet. Nike also released what it calls the “Black Pack”, which features shirts, hats, shoes and other apparel related to the black uniforms. Check it all out:Ohio State unveils first-ever black Buckeyes uniforms. Buckeyes will wear alternate uniform vs. Penn State on 10/17. pic.twitter.com/haUyJnrvYf— ESPN CollegeFootball (@ESPNCFB) October 3, 2015Lights out power. The all-new Nike @OhioStAthletics Black Pack. http://t.co/mX1C8L5gsm pic.twitter.com/V4dCoIXgEQ— Nike Football (@usnikefootball) October 3, 2015Ohio State fans – what do you think of the new look?last_img read more

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Computers Are Haunting The World Chess Championship Which Yes Is Still Tied

87654321abcdefgh Back to Monday’s chess: On his 13th move, Carlsen pushed his black pawn forward to a5. Pieces were exchanged on that square over the next few moves, and the queenside became wide open — a vast Wild West of squares marauded by rooks and queens. Game 3 of the World Chess Championship in London, like the two games that came before it, ended in a draw — 49 moves and a touch more than four hours. The best-of-12 championship is currently level at 1.5 points apiece in a race to 6.5 points and the game’s most important prize.1Wins are worth 1 point, draws 0.5 points and losses 0 points.Magnus Carlsen of Norway, the three-time defending world champ and world No. 1, is looking for a fourth crown. Fabiano Caruana, the U.S. challenger and world No. 2, is trying to become the first American to claim the world title since Bobby Fischer in 1972. It’s the first time since 1990 that the world’s two top-rated grandmasters have met in this match — but it’s been a bloodless battle thus far.On Monday, Caruana controlled the white pieces and Carlsen the black. The pair began Game 3 with an opening called the Sicilian Defence, specifically its Rossolimo Variation. It was the same opening they played in Game 1 — which ended in an epic seven-hour draw — and the first five moves exactly matched those from that earlier game. But they deviated dramatically from this familiar ground on move 6, when Carlsen moved his queen to the c7 square. Caruana glanced around the soundproof glass room in which they played, looking slightly befuddled.But Caruana responded quickly, and after his move (rook to e1), the position on the world championship board had cropped up only once before in a high-level game, according to ChessBase — an otherwise forgotten game played in Hanoi in 1995. That rare position looked like this: A quick word on this opening’s eponymous Rossolimo himself seems warranted, given that Monday’s game was lacking in fireworks and Rossolimo’s name has figured more prominently thus far in this world championship than any but Caruana and Carlsen. He was Nicolas Rossolimo, Renaissance man: one of the U.S.’s 12 grandmasters at the time, fluent in Russian, Greek, French and English, and the “proprietor of a chess studio,” which became a second home to some players. He was also a judo master and a New York City cab driver and recorded an album of Russian folk songs, according to The New York Times. He died in 1975 after a fall near the storied Marshall Chess Club in Manhattan. Magnus Carlsen ponders his next move against Fabiano Caruana during Game 3 of the 2018 World Chess Championship. World Chess read more

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Beside The Points For Thursday Dec 7 2017

All newsletters See more college football predictions Oh, and don’t forgetKasparov with the jokes We’re launching a sports newsletter. 🏆  Join the squad. Subscribe Things That Caught My EyeOhtani narrows it to sevenJapanese pitcher Shohei Ohtani has narrowed his search for a MLB team down to seven, with New York and Boston notably absent from the list. Right now Ohtani looks to be 20 percent higher than the league average in ERA and on-base-plus-slugging, which is nuts. Only a few dozen players each year beat the 20 percent above average benchmark in either stat, it’d be crazy to hit both. [FiveThirtyEight]Russia’s bannedRussia was banned from competing in the 2018 Pyeongchang Winter Olympics in light of the complex doping regime the nation operated throughout the Sochi games. So far 11 medals have been stripped from Russians. But with the nation out of the 2018 games, it’s worth looking at which nations may stand to gain. Had Russia not competed in Sochi, and its 33 medals been reallocated, China would have left with five more, Norway four, Germany, Canada, France, Italy and the U.S. three. [FiveThirtyEight]African players making gains in the NFLNative-born and first-generation African players are all over the NFL, with 30 teams having at least one African on their roster. Cleveland has the league high, with B.J. Bello, David Njoku, Emmanuel Ogbah, Larry Ogunjobi, and Victor Salako. African players have been making steady gains in the NFL since Howard Simon Mwikuta played for the Cowboys in a 1970 preseason game, and players who have returned home to start development programs have accelerated that progress. [The Undefeated]A Jonas testifies in soccer corruption trialKevin Jonas, one of the Jonas Brothers, testified in Brooklyn that yes, he had gone to a Paul McCartney concert in Buenos Aires in 2010. The circumstances surrounding the testimony have to do with the trial of Juan Angel Napout for money laundering, racketeering and wire fraud. Napout allegedly used his FIFA influence to score tickets to that concert. His lawyers refused to concede there even was a Paul McCartney concert, so prosecutors called on a celeb to solve the problem. Soccer is weird. [Vice Sports]Try out our fun new interactive, Which World Cup Team Should You Root For?LeBron remains the bestLeBron James remains as good as ever, notching career highs in true shooting percentage, three point percentage, assist percentage, block percentage, and the second highest free throw percentage of his career. While his defense is slightly off his peak performance, James hasn’t really missed much of a step. [FiveThirtyEight]They did it!The New York Giants are cleaning house, firing GM Jerry Reese and coach Ben McAdoo after a disastrous season. The team is in the capable hands of defensive coordinator, a man who is 10-38 as a head coach. [NorthJersey.com]Make sure to try your hand at our fun NFL can you beat the FiveThirtyEight predictions? game!Big Number284 kgCongratulations to Sarah Robles, who won the 2017 IWF World Weightlifting Championships, becoming the first U.S. woman to take gold since 1994. Robles lifted 126 kg in the snatch and 158 kg in the clean and jerk (three kilograms shy of the record) for a total of 284 kilograms. [Team USA]Leaks from Slack: emily : See more NBA predictions College Football emily :!! that means the two biggest buildings at nike HQ will be named after Serena Williams and Mia Hamm. hell yeah !!(also cause I guess the new big WHQ buildings are getting athlete names.. so the whole “She’s the only one!!!” isn’t exactly true)Predictions NFL NBA See more NFL predictions read more

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Freshmen contributing in big ways for Ohio State mens hockey

Pucks take funky bounces, sticks break in crucial moments and ice surfaces can vary from location to location.Home ice advantage is visible in numerous buildings, but perhaps no other arena better demonstrates the buoyant lift of enthused supporters better than Wisconsin’s Kohl Center.After his team played in the acclaimed arena Saturday night, Ohio State men’s hockey coach Steve Rohlik had no doubt of its place within the game.“This is the best atmosphere, to me, in college hockey,” Rohlik said in an interview with U.S. College Hockey Online. “The student section doesn’t compare anywhere else.”That’s what makes the Buckeyes’ 3-1 win over the Badgers Saturday night so impressive. Faced with that atmosphere and a four-game winless streak, OSU (12-9-1, 2-5-1-0) managed to hand No. 9 Wisconsin (14-7-1, 5-3-0-0) only its second home loss of the season.In a place where it pays to have experience, it turned out to be some of the younger Buckeyes who played a significant part in the win.First there was freshman goalie Christian Frey who, in only his fourth career start, made 36 saves to hold a team tied for fifth in the nation in scoring to just one goal.Though his performance has drawn a lot of praise, Frey said he couldn’t have done it alone.“The guys in front of me made it easy,” Frey said. “We really pulled together as a team and played a great team game, and it was a big win.”With Frey holding down the defensive end of things, it was freshman forward Nick Schilkey who had a big hand in leading the Buckeyes’ attack. Schilkey skated nearly the length of the ice to score the game’s tying goal, then helped set up junior forward Nick Oddo to score the winning marker.Schilkey said he aims to be as consistent as possible while also helping out in the goal-scoring department whenever he can.“I try to play well defensively and make sure I’m not being a liability out there,” Schilkey said. “When I get a weekend like this past one, it’s nice to see things pay off.”Frey, who was added to the roster in December, said he experienced the togetherness of this OSU team from day one.“All the guys are unbelievable,” Frey said. “I think it’s been an awesome experience for me and I’m really glad I came here.”With freshmen like Frey and Schilkey combining with seasoned upperclassmen, OSU seems to have found a winning formula.Maybe that’s one of the reasons Rohlik had a smile on his face after Saturday’s game. It seemed as if he realized a performance like that — one where every player stood up to the challenge — could really shape the Buckeyes’ season.“I’m proud of the guys that stepped up in the lineup tonight,” Rohlik said in the interview with U.S. College Hockey Online. “I think the NFL says it now, ‘It’s the next man standing.’ That’s kind of been our attitude from goalies, to (defensemen), to forwards, whoever.”Next up the Buckeyes are scheduled to host a weekend series against Penn State (4-15-1, 0-6-0) Friday at 7:05 p.m. and Saturday at 2 p.m. read more

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Ohio State Hbacks making an impact across the field for Buckeye offense

Sophomore running back Curtis Samuel (4), junior H-back Dontre Wilson (2) and redshirt-sophomore H-back Jalin Marshall (17) are all working as receivers this spring after playing other positions in high school. Credit: Mark Batke / Photo editorDontre Wilson arrived at Ohio State as a highly rated running back, but Carlos Hyde stood in the way of his playing time at the position.Wilson finished his freshman year with 31 carries for 250 yards and a touchdown, but perhaps made an even more significant impact by catching 22 passes for 210 yards and two more scores. After proving his worth, Wilson still wasn’t in line to start ahead of then-sophomore Ezekiel Elliott at running back last season, so the coaching staff found a way to get him playing time.“Dontre was in that situation with Carlos Hyde and then Zeke came in,” OSU wide receivers coach Zach Smith said Tuesday. “We weren’t gonna keep him off the field, so we moved him to receiver.”The DeSoto, Texas, native responded by racking up 300 receiving yards and three touchdowns through the air, and he still managed to tally 18 carries for another 100 yards on the ground. But Wilson’s final contributions of the season came when he broke his foot on a key touchdown catch against Michigan State.That injury still has Wilson sidelined this spring, but Smith said the rising junior has been working on his ball skills even though he can’t run just yet.Even before Wilson’s injury, he was splitting time at H-back with now-redshirt-sophomore Jalin Marshall, who finished second on the team with 38 catches last year. Marshall added 983 all purpose yards in the process, finishing behind only Elliott and Wilson.Like Wilson, Marshall wasn’t a slot receiver in high school. Instead, he made the switch after playing quarterback at Middletown High School. But another spring has brought another slight change for Marshall as well, as Smith said he’s practicing as an outside receiver.With Wilson out and Marshall working on the outside, sophomore running back Curtis Samuel has transitioned to the receivers’ room for spring, much like Wilson did a year ago.“He had a full year at running back to really work those skills, so we took him this spring and said we’re gonna give him a full spring at wide receiver so we can try to develop that skill set,” Smith said of Samuel. “Hopefully he becomes more multi-talented and we can use him in more ways.”Smith said switching positions is like going to a “different world,” and added that the Buckeyes simply want to get the best players on the field. He noted that OSU has had success moving players to new positions in the past, but said the key is to do it with time to learn.“Guys don’t understand the position coming from a different one,” Smith said. “Jalin Marshall went through it when he came from quarterback to receiver. Dontre went through it, Curtis is going through it. That’s why we’re trying to saturate him now, as opposed to fall camp and saying, ‘Shoot, we need to get him on the field, let’s put him at receiver a little bit.’”At least for the spring, Samuel is making the switch after finishing third on the team with 383 rushing yards and six touchdowns on the ground last season. He added another 11 receptions and 95 receiving yards in limited playing time behind Elliott in the backfield.Now after nine practices as an H-back, Smith said Samuel won’t necessarily stay in his room but will be contributing in whatever way he can come the regular season.“In an ideal world, he’s gonna play both, the ability to go into the backfield when Zeke’s not in, or play in the slot when Zeke is in,” Smith said. “And so we’re developing that skill set. Does he stay there? I don’t think so, but I guess nobody has a crystal ball, so we’ll see.”Buckeye fans will get their first chance to see Samuel at H-back when OSU plays its annual Spring Game on April 18 at Ohio Stadium. The Buckeyes are scheduled to open their regular season on Sept. 7 against Virginia Tech in Blacksburg, Va. read more

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Mens Volleyball Ohio State head coach Pete Hanson announces retirement

Ohio State head men’s volleyball coach Pete Hanson will be inducted into the USA Volleyball Hall of Fame in Columbus on May 22. Credit: Courtesy of OSU AthleticsAfter 35 years as the head coach of the Ohio State men’s volleyball team, Pete Hanson announced his retirement on Thursday. In his storied coaching career, Hanson has led three Ohio State teams to an NCAA Championship — in 2011, 2016 and 2017 — has been named the National Coach of the Year three times and has recorded 712 career wins, the third-most in NCAA history. “I will certainly miss Ohio State and the volleyball program, but I will never forget it,” Hanson said in a release.Hanson has also been inducted into three Hall-of-Fame classes: the American Volleyball Coaches Association in 2015, the Ohio State Athletics in 2017 and the USA Volleyball in 2019. “Being in the Hall of Fame once obviously is a feat in and of itself. To do it three times is something just surreal and something crazy,” senior setter Sanil Thomas said. “I think what you wouldn’t expect is the same — I would imagine, the same amount of passion he brought day one he brings that passion day — a lot; it’s a lot of days. That’s why he deserves this more than anyone.”In Hanson’s tenure as head coach, the Buckeyes  won the Midwestern Intercollegiate Volleyball Association regular season title 18 times, over half of the total seasons he had coached. In his 34 years, he has been awarded as the MIVA Coach of the Year 13 times. However, much of the impact Hanson has made is reflected in the players he coached. Hanson has coached 13 MIVA Player of the Year award winners, 17 players who ended up playing professionally and 17 players who competed for their national team. “The legacy of Ohio State volleyball was and has been built by all of those fine young men that wore the Scarlet and Gray,” Hanson said in a release. “I am forever indebted to them, as they helped to ensure that Ohio State volleyball remained one of the most respected programs in the country.” Hanson also made an impact off the court and into the classroom. More than 200 of his players have earned Academic All-Big Ten honors, and, in the past 10 years, 65 percent of his players have earned Ohio State scholar-athlete recognition. “His impact far exceeds the men’s volleyball program, and even Ohio State Athletics, making a positive difference to collegiate volleyball across the country,” Ohio State deputy director of athletics and men’s volleyball administrator Janine Oman said. “The development of young men has always been paramount to Pete, equipping them to lead successful lives.”But on the court, especially inside St. John Arena, Hanson made his lasting mark. In his tenure, Ohio State has recorded six undefeated seasons at home and one 42-match winning streak, the longest in Ohio State history for a head-to-head sport. “Pete Hanson’s Buckeye career embodied our mantra of ‘The People. The Tradition. The Excellence,’” Ohio State athletic director Gene Smith said in a statement. “He’s found success on the court and molded young men off of it, preparing them for life after college. Pete leaves a lasting legacy at The Ohio State University.” read more

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TCI performing well in Quarter One says Govt

first_img Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 30 Jul 2015 – Government is giving early announcement that fiscal performance for quarter one of this new financial year for the Turks and Caicos Islands is strong. Related Items:economic growth, first quarter Facebook Twitter Google+LinkedInPinterestWhatsApp CABINET REVEALS HEALTHY, VERY HEALTHY FIRST QUARTERlast_img

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Prostitution crack down necessary says Premier to Police Commish

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 23 Dec 2015 – A new thrust in crime prevention is coming as the Royal Turks and Caicos Police Force is about to get the green light to be far more aggressive when it comes to cracking down on prostitution. The Premier, in a media release from the Governor’s Office giving an update on a Friday meeting of the National Security Council, is reportedly pushing for prostitution and human trafficking to get keen focus in the National Security Strategy, which is a plan under construction. Details of the strategy are to be presented by Commissioner James Smith in January when the NSC meets again. Very careful consideration to address the higher incidence of crime in Providenciales is the reason the Police Commissioner on December 18, gave to the Premier and the Governor for the transfer of police officers from Grand Turk to Provo. Commissioner Smith expressed that the shuffle of the eight officers was done in a way that it will not hurt policing in the Capital. The Premier, Hon Dr Rufus Ewing was not 100% sold on that though and said the re-deployment should be monitored to see the impact it has on the Capital. During that NSC meeting, Premier Ewing again called for the introduction of CCTV and street lighting to be increased. It was revealed that at least one resort owner has reported that crimes against guests is up, this includes harassment of visitors to our shores.The Governor, Peter Beckingham determined that he will write and request a meeting with that resort owner with an update to come at another NSC. Absent from the NSC meeting were Deputy Governor Anya Williams and Border Control Minister Donhue Gardiner. Increased Police presence promised, TCI Police Commissioner statement on recent shootings Recommended for you Police read for kindergarten children as part of school program Related Items:anya wiliams, crackdown, james smith, nsc meeting, premier rufus ewing, prostitution, Royal Turks and Caicos Islands Police Force Beaches puts former Premier on blast about controversial pier Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

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Muslims with 50 wives and 1050 kids possess animalistic tendency says BJP

first_imgThe MLA said that India will be declared a Hindu Rashtra in 2024, when the Rashtriya Swayamsewak Sangh (RSS) will complete its 100 years.IANSBharatiya Janata Party MLA Surendra Singh, who is known for making controversial statements, said on Sunday, July 14, that Muslims who have 50 wives and 1,050 children possess “animalistic tendency”.In a video shared by ANI on Twitter, the MLA can be seen saying that India will be declared a Hindu Rashtra in 2024 when the Rashtriya Swayamsewak Sangh (RSS) will complete its 100 years.”In Muslim religion, you know people keep 50 wives and give birth to 1,050 children. This is not a tradition but animalistic tendency,” Singh said in the video.#WATCH Surendra Singh, BJP MLA from Ballia: In Muslim religion, you know that people keep 50 wives and give birth to 1050 children. This is not a tradition but an animalistic tendency. (14.07.2019) pic.twitter.com/i3AJa9ZSxw— ANI UP (@ANINewsUP) July 15, 2019Earlier this month, Singh had called doctors from the government hospitals “demons”. “Doctors working in government hospitals bargain with patients and have turned into demons. I pray to God that he gives them right thinking,” he said.In July 2018, Singh had said that every Hindu couple must have at least five children for Hindutva to remain intact. He said that this step was necessary to increase the population of Hindus in India.”It is the desire of every spiritual leader (mahant) for every couple to have a minimum of five children. This way the population will be under control, and Hindutva would remain intact,” said Singh.In March, Singh remarked that Rahul Gandhi was taking his family’s tradition ahead by roping in a “dancer like his mother Sonia Gandhi”, commenting on the news of Sapna Chaudhary joining the Congress.Chaudhary became the first member to join the party’s membership drive from Delhi on July 7.last_img read more

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S Africa train crash kills 14 injures 180

first_imgtrainA passenger train smashed into a truck at a level crossing in South Africa on Thursday, killing at least 14 people, injuring 180 and throwing several carriages off the rails.Flames ripped through the twisted wreckage and choking black smoke rose into the air as desperate passengers clambered out of the train to escape the inferno.Rescuers rushed to the scene to search for survivors and treat the injured. Officials warned the toll could rise as operations continued to clear the crash site.”Police are investigating. The truck driver was taking chances… that cost lots of lives,” Transport Minister Joe Maswanganyi told reporters at the scene.”The truck driver has been taken to hospital where we are going to do a blood test to verify if he was sober or not, or what was the problem.”The Shosholoza Meyl rail company, which operates long-distance trains in South Africa, said the train travelling from Port Elizabeth to Johannesburg collided with the truck at about 09:00 am (0700 GMT).- Fierce fire -It said in a statement that the truck had made an “untimely” crossing of the tracks when it was hit by a train at high speed, between the towns of Hennenman and Kroonstad, 200 kilometres (125 miles) southwest of Johannesburg.One of the derailed carriages was the power generator — the car, sitting behind the locomotive, that provides power to the rest of the train. The car caught fire and the flames spread rapidly.Shosholoza Meyl said there were 429 passengers on board, though Maswanganyi put the number at 730.”The death toll has increased to 14,” provincial government health spokesman Mondli Mvambi told AFP, adding that at least 180 people had been injured — two of them critically.”It is feared that they could find more bodies as the search, recovery and rescue work is ongoing.”The number of injury reports also varied widely in the immediate aftermath of the crash.”We still have to lift the carriages to see to whether there are any other people that are still trapped there or not. We still don’t know what is underneath,” said one railway official at the accident site, promising a full investigation.Some victims were treated on a strip of grass beside the railway line while others were taken to hospital. Uninjured passengers waited on a nearby road, some of them carrying their luggage.The New Year is a busy period for transport in South Africa, with railways and roads carrying passengers returning to work after the holidays.last_img read more

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Health Insurance Get Covered Stay Covered

first_imgThe Centers for Medicare & Medicaid Services (CMS) is working with The Prince William County Alumnae Chapter of Delta Sigma Theta Sorority to assist individuals in the community to obtain health insurance coverage.  The chapter has designated Jan. 31 and Feb. 7, as “Get Covered, Stay Covered Days”.  Enrollment events will be held on Jan.31, at First Mount Zion Baptist Church (16622 Dumfries Road, Dumfries, Va.) from 8:30 a.m. – 12:30 p.m., and Feb. 7, at First Baptist Church (9258 Center Street, Manassas, VA.) from 8:30 a.m. – 12:30 p.m.  A presentation on the Health Insurance Marketplace will be conducted and certified health insurance marketplace enrollers will be available to answer questions and assist individuals to obtain healthcare coverage.For additional information about enrollment or the marketplace, call 1-800-318-2596 or visit www.HealthCare.gov.last_img read more

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In the lap of nature

first_imgA photographer, a writer and an IPS officer, Somesh Goyal has enthralled the audiences across India through his rare collection of photographs. Goyal who has been into photography for the last four decades recently came up with his work Yellowstone: The Artist’s Point at AIFACS that provided a glimpse of the world’s first national park. The show exhibited the pictures taken by him at Yellowstone. Yellowstone is the world’s first national park and one of the largest in the contiguous United States. The park is located at the headwaters of the Yellowstone river, from which it takes its historical name. Home to a remarkable diversity of mammals, birds and fish, it’s one of the world’s foremost wildlife sanctuaries.  Here, every season brings special wonders and each of the park’s varied landscapes offers a range of exciting experiences. The park is home to seven species of conifer trees, more than 1,000 species of native vascular plants, 67 species of mammals and more than 320 bird species!last_img read more

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North American Nickels latest news from our 100

first_imgNorth American Nickel’s latest news from our 100% owned Post Creek property in the Sudbury mining camp is what geologists always hope for….a large, clearly defined, un-tested target close to surface in a known camp with excellent infrastructure advantages for mining. Drilling is scheduled to begin in September. In this case it’s an EM anomaly 200 m long, that has been interpreted as the electromagnetic signature of ‘near-massive to massive sulphide.’ It’s located approximately 55 m below surface and the trend of the anomaly corresponds, in part, to both the CJ#1 dyke and the Whistle Offset Structure to the south. Please visit our website to read the full news release and learn more about North American Nickel. Sponsor Advertisement Today we get the eagerly anticipated Commitment of Traders Report for positions held at the close of Comex trading on Tuesday.It was a nothing sort of day on Thursday.  The low price tick [around $1,586 spot] came shortly after 11:00 a.m. in London…and from there the price rallied to its high of the day…$1,603.10 spot…which came at the London p.m. gold fix at 10:00 a.m. Eastern time right on the button.  From there it got sold off into the close.  It was obvious, at least to me, that gold would have closed well above the $1,600 mark if it had been left to its own devices…which it wasn’t.Gold finished the Thursday trading session at $1,593.40 spot…down $4.00 from Wednesday’s close.  Net volume was around 114,000 contracts…a 60% decline from Wednesday.Silver’s price in Far East trading was more ‘volatile’…but had recovered to just above unchanged by the London open.  Then minutes after 9:00 a.m. BST, silver got sold down to it’s low of the day…which came shortly after 11:00 a.m. BST…the same as gold’s low price tick.Then, also like gold, it rallied to its high of the day [$29.58 spot] at the London p.m. gold fix at precisely 3:00 p.m. local time…10:00 a.m. in New York.  From there it got sold off hard into the close of electronic trading at 5:15 p.m. Eastern time.  Silver, too, would have closed significantly higher if it hadn’t run into selling pressure after the London p.m. fix.As it was, silver closed at $29.04 spot…down 23 cents from Thursday’s close.  Net volume was only 31,000 contracts.The dollar index didn’t do much of anything…spending almost all of the Thursday trading day barely above the 80.00 mark.Not surprisingly, the precious metal shares peaked shortly after the highs at the London p.m. gold fix at 10:00 a.m. Eastern time.  From there they fell all the way back into negative territory…and basically traded sideways into the close, but the HUI managed to finished slightly in the black…up 0.33% on the day.The silver stocks were mixed once again…but finished marginally higher.  Despite that, Nick Laird’s Silver Sentiment Index closed down a smallish 0.15%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 21 gold and 47 silver contracts were posted for delivery on Monday…and the link to the Issuers and Stoppers Report is here.The GLD ETF reported that an authorized participant deposited 67,961 troy ounces of gold yesterday…and there were no reported changed in SLV.The U.S. Mint had a small sales report yesterday.  They sold 1,000 ounces of gold eagles…and another 75,000 silver eagles.  Month-to-date the mint has sold 31,500 ounces of gold eagles…1,000 one-ounce 24K gold buffaloes…and 435,000 silver eagles.  I’m underwhelmed.Over at the Comex-approved depositories on Wednesday they reported receiving 101,993 troy ounces of silver…and shipped 801,311 ounces of the stuff out the door.  The link to that action is here.Nick Laird, who lives on the edge of the tropical jungle near the coast in north central Australia, sent me these two photos from around his yard.  Creepy-crawlies like this Green Tree Snake…and this Bat Flower are pretty standard fare in his location.(Click on image to enlarge)(Click on image to enlarge)While on the subject of Nick Laird, here’s his “Gold Price Oscillator” chart that he sent me in the wee hours of this morning…and he’s not at all happy with what it shows…and this is what he had to say about it…”This indicator over the last five years has given some of the most brilliant buy signals of all the charts I have. On each of the buy signals the markets ended up considerably higher many months later. Now it has just given a sell signal.”“I don’t know what will follow, but I think we’ll find out soon enough. New lows won’t surprise me now. Sub $1,500 is a good possibility.”“But I want to add the caveat that we could still bottom between here and the low in December…and if we bottom in the next $30 and then move higher then the low in December…that will validate it as the low. If we break that low, then yes, it could get ugly.”(Click on image to enlarge)I have the usual number of stories for you today.  The final edit is up to you.If I asked you to leave something for your great grandkids in a package to be opened one hundred years from now, would you leave them a wad of hundred dollar bills or one hundred gold coins? If you had any brains you would pick the gold coins. I’d venture that Warren Buffet would also pick the coins. Why? Because we know that one hundred years from now the gold coins would represent value and purchasing power and the dollar might not exist. End of story. – Richard Russell…04 May 2012There’s not a lot to talk about with yesterday’s price action in either gold or silver.  It’s obvious from the charts of both metals, that the rallies that began at 11:00 a.m. in London got smacked once the London gold fix was in.Here are the 3-year charts for all four of the precious metals.  As you can see from the RSI plot, we are at…or approaching…the most oversold conditions of the last three years in all these metals…and as I said yesterday, one has to wonder how much more downside price action there is left.(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)(Click on image to enlarge)In Far East trading on Friday, not much happened until 9:00 a.m. Hong Kong time.  Then the high-frequency traders showed up and began moving the price lower…tripping sell stops along the way.  As I write this paragraph [and the next] at 4:04 a.m. Eastern time, silver has once again hit new lows for this move down…and is currently down 50 cents from Thursday’s close.  It was precisely the same price pattern in gold, starting at precisely the same time.  The gold price has hit new lows for this move down as well…and at the moment, gold is down about seventeen bucks from Thursday’s closing price in New York.Volume, which had been reasonably light right up until about an hour before the London open, has now picked up substantially in both metals.  The dollar index is up about 6 basis points at the moment, so this engineered sell-off has nothing to do with whatever may be going on in the currency markets in late Far East or early London trading.Today we get the eagerly anticipated Commitment of Traders Report for positions held at the close of Comex trading on Tuesday…and whatever improvements in the Commercial net short position it shows in both silver and gold, it’s already out of date.  With the new lows set on Wednesday, plus these new lows set so far during the Friday trading session, it’s a sure bet that the internal structure of the COT Report has improved further.  It’s just a matter of how much of that improvement has come from technical fund long liquidation…and further shorting by these same technical funds.And as I hit the ‘send’ button at 5:20 a.m. Eastern time, gold has recovered off its earlier 8:30 a.m. London low…as has palladium and silver…but platinum has just set a new low in the last few minutes.  Gold volume is up about 25 percent in the last hour or so…and silver’s net volume has almost doubled…and is well north of 8,000 contracts.Needless to say, I’m rather apprehensive about what the Comex trading session will bring when it begins at 8:20 a.m. Eastern time this morning.  From what’s been happening so far this Friday in the Far East and London markets…it could, as Nick Laird said, “get ugly”.Have a good weekend…and I’ll see you here on Saturday sometime.last_img read more

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Heres another set of numbers that Nick sent my wa

first_img Here’s another set of numbers that Nick sent my way yesterday.  It shows the credit creation, a.k.a. money-out-of-thin-air, for these “G4” countries/geographic areas.  Except for Japan, credit creation was pretty wild in 2007 before the financial crisis.  In Q2 and Q3 of 2013 in these same places, it’s radically different.  Even Japan’s “improvement” is nothing to write home about, and the situation in Europe is wildly deflationary. It was more or less the same chart pattern in the silver shares up until about 2:30 p.m. in New York.  Then, as the silver price began to move higher, the equities followed.  Nick Laird’s Intraday Silver Sentiment Index closed up 2.47%. It was more or less that same price action in silver, except for the fact that early rally ended at 10 a.m. in New York, and then rallied again once the 1:30 Comex close  was in.  That rally also got cut off at the knees as the price threatened to break above the $20 spot price mark and go vertical at 3:15 p.m. EST.  From there it got sold down into the 5:15 p.m. electronic close. The low and high in silver were $19.435 and $19.98 in the March contract. Silver finished the Monday session at $19.84 spot, up 30 cents from Friday’s close.  Compared to gold’s light volume, silver’s net volume was pretty decent at 34,000 contracts. I have a decent number of stories for you today, and I hope you can find the time to read the ones that are of interest to you. Even though JPMorgan’s gold position is “only” 70,000 contracts, that is 21.7% of the entire Comex gold market (minus spreads). It is also more than 46% of all the long contracts held by commercial traders. There is no possible legitimate explanation that could justify JPMorgan’s outsized COMEX gold market corner. By any measure, this is a concentration and market corner of scandalous proportions. – Silver analyst Ted Butler: 07 December 2013 The price action on Monday was interesting from a price perspective, especially considering the fact that in gold it was done on such light volume.  Silver had the same price pattern as well, but volume was much higher, relatively speaking. I took a quick look at the preliminary open interest/volume numbers for yesterday that are posted on the CME’s website, and it shows that gold’s open interest only rose by 500 contracts and silver’s open interest was actually down on the day.  There appears to have been considerable short covering involved in yesterday’s price action. But I’ve learned from hard experience that these preliminary numbers can’t be totally trusted, as “da boyz” can hide their tracks well.  However, if I had to bet ten bucks based on what I’ve seen, I’d bet that yesterday’s price action was quiet short covering, and Friday’s Commitment of Traders Report may, or may not, shed some light on this. While I’m on the subject of the COT Report, the cut-off for Friday’s report is at the 1:30 p.m. EST Comex close today, so I’ll be more than interested to see what happens during the rest of the Tuesday trading session, particularly in New York. The other thing I noticed when looking at the CME’s preliminary report from yesterday was silver’s open interest in the December delivery month.  It currently sits at 1,500 contracts, but that will drop by more than a thousand contracts once Goldman Sachs delivers to JPM and Scotiabank tomorrow.  I would also guess that most of the other 500 contracts still open for December will also be picked up by these two bullion banks, because I said further up, they are the two biggest Comex silver shorts on Planet Earth. Not much happened in Far East trading on their Tuesday, but all four precious metals rallied going into the London open, and all met with same fate—a seller of last resort.  London has been open for an hour as I write this paragraph, and volumes are on the lighter side, and mostly of the HFT variety.  The dollar index is down a handful of basis points and clinging to the 80.00 mark by its fingernails. And as I hit the “send” button on today’s missive at 3:15 a.m. EST, none of the four precious metals have regained their London open highs.  Volumes are about average for this time of day, and the dollar index is still sitting on its precarious perch a few points above the 80 level. Before heading out the door, I’d like to remind you one more time that Doug Casey’s new book Right on the Money will be released on December 16. Right on the Money is the second book in the Conversations with Casey series.  This time, the conversations focus on speculating, economics, investing, politics, and how to profit in times of political and economic chaos. “In it, famed speculator and New York Times best-selling author Doug Casey tackles investing head on.  In his typical no-holds-barred style, Doug shares his philosophical views on economics, politics, and life itself… and his tools to turn them into actionable investment ideas. This book is nothing less than a speculator’s guide to profiting from the Greater Depression… a set of keys to a potential fortune, available only to contrarians who are brave enough to use them during a time of chaos and volatility gripping our world.” If you want to learn more, or find out how you can order it, all you need to know is at this link here. That’s all for today, and I’ll see you here tomorrow. The CME Daily Delivery Report showed that 206 gold and an eye-popping 1,089 silver contracts were posted for delivery within the Comex-approved depositories on Wednesday. In gold, the short/issuer was Canada’s Bank of Nova Scotia with 200 contracts.  The only long/stopper of note was JPMorgan Chase in it’s in-house [proprietary] trading account.  The number of contracts that they stood for delivery on was — 200 contracts! But the shocker was in silver, as sitting in the bushes as short/issuer was none other than the “Vampire Squid” themselves—Goldman Sachs—with 1,037 contracts, over 5 million ounces.  Not surprisingly, the two biggest long/stoppers were the two biggest Comex silver shorts; JPMorgan Chase and Canada’s Bank of Nova Scotia.  JPM stopped 737 contracts, and Canada’s Scotiabank stopped 209 contracts.  ABM Amro was a distant third with 74 contracts stopped. My first reaction when I saw GS as the big short/issuer was — what client’s face did they rip off on that trade so JPMorgan could pick up this silver?  Or maybe a “Friend of the Shorts” arranged this. Nothing would surprise me, dear reader, as the red flags are flying on this one. Yesterday’s Issuers and Stoppers Report is a must to view here, and to me it reeks of collusion. There were no reported changes in GLD, and as of 9:24 p.m. yesterday evening, there were no reported changes in SLV, either. Since yesterday was Monday, the U.S. Mint had a sales report.  They sold 4,000 troy ounces of gold eagles; 4,000 one-ounce 24K gold buffaloes; and 526,000 silver eagles.  Very decent. Over at the Comex-approved depositories on Friday, they reported receiving precisely one metric tonne of gold: 32,150 troy ounces.  I would guess that would be 1,000 kilobars at 32.15 troy ounces a copy.  They also reported shipping out a smallish 898 troy ounces.  The big receipt was at HSBC USA, and the link to all this activity is here. In silver on Friday, these same depositories didn’t report receiving any, but they did ship out 498,474 troy ounces of the stuff.  The link to that action is here. The news that China imported about 130 tonnes of gold through Hong Kong came out about two weeks ago from an inside source and is now old news.  But now that the numbers have been “officially” released, here’s Nick Laird’s chart of the situation as it stands as of October 31.  Note that the “Cumulative Imports” from this one official source is now double what China has stated they have in reserves.  Without doubt they have more they haven’t told us about, and probably much more. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff  the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, ir@freegoldventures.com There appears to have been considerable short covering involved in yesterday’s price action The gold price didn’t do much on Monday until shortly after the noon silver fix in London.  The subsequent rally lasted until 15 minutes before the London close before getting sold down a hair by 12:30 p.m. in New York.  Then the gold price  rallied anew, and really took off shortly after 3 p.m. in electronic trading in what looked like the beginnings of a “no ask” market, but got capped at 3:15 p.m. EST.  After that, the price didn’t do much. The low and high ticks according to the CME were $1,224.60 and $1,242.60 in the February contract. Gold closed on Monday afternoon in New York at $1,240.40 spot, which was up $9.70 from Friday.  Net volume was extremely light at only 84,000 contracts. Platinum had three separate rallies on Monday, and it, too, got capped around 3 p.m. in electronic trading, and finished the day up about a percent.  Palladium had just one rally, the same one the other three precious metals enjoyed that started shortly after the noon silver fix in London.  That rally ended/got capped at 9:30 a.m. in New York as the equity markets opened.  Here are the charts. The dollar index closed late Friday afternoon in New York at 80.26, and spent all of Monday chopping quietly lower and finished the session around 80.16, which was down 10 basis points.  Nothing to see here. The gold stocks gapped up about 2% by the London p.m. fix at 10 a.m. EST, and then traded more or less sideways for the remainder of the day.  The HUI finished up 2.16%. Sponsor Advertisementlast_img read more

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By Doug Casey founder Casey Research

first_imgBy Doug Casey, founder, Casey Research In this article, I’d like to explain how I learned to love Bitcoin. Why it’s a wonderful thing. Its potential as a speculation. How the government is going to co-opt it. And how this is all likely to end.I was first introduced to Bitcoin several years ago in Cafayate, Argentina. A young Belgian guy came to visit, I bought him lunch, and we discussed Bitcoin. He was a very early enthusiast, and he gave me a physical Bitcoin as a souvenir. They’re now collectibles, but the digital codes are inscribed on them. I still have that Bitcoin. It was worth $13 at the time.I wish I had listened to his argument more carefully, because I could have made millions. Over 600-1 in just a few years… that’s rare indeed. I was inclined towards it philosophically, but outsmarted myself on an investment level. Because Bitcoin was pitched to me as an alternative currency, and I failed to see all of its advantages in that role.My original objection was that Bitcoin isn’t backed by anything. It’s really a private fiat currency. It’s very much like the Zambian Kwacha, the Argentine peso, the US dollar, or any of the other 150-plus currencies in today’s world. It’s a floating abstraction. Unlike state currencies, though, its acceptance isn’t enforced by laws. But, on the other hand, its quantity is limited. Would that be enough to get large amounts of people to use it as a currency?I missed something when I said, back then, that it had no value. It’s a fiat currency, yes, but it has much more practical value than any other.A currency has to be a good medium of exchange, and a store of value. I’ll have more to say about this in a few paragraphs, but Bitcoin’s big fault is that it’s so volatile. In other words, it’s nice to see your savings perhaps double in value over a few weeks. But few want to risk them losing value the way Bitcoin did in the recent crypto winter, when it went from about $20,000 to about $3,000 in 15 months. That said, as more people adopt Bitcoin, it should stabilize. But Bitcoin has already gone from being a wild speculation to a useful monetary tool. I believe it will keep improving, rapidly.Why? Analyze the situation rationally, using Aristotle’s five characteristics of a good money. Aristotle defined the five characteristics of good money in the 4th century BC. His analysis is as accurate now as it was then.A good money must be durable, divisible, convenient, consistent, and have use value in and of itself. Based on that, Aristotle believed gold and silver were best suited for use as money. How does Bitcoin compare using these five criteria?Durable. Bitcoin and other cryptocurrencies are definitely durable – unless we have a major electromagnetic pulse (EMP) or a significant solar flare that wipes out all the computers. Bitcoins are not as durable as the metals, but they’re adequate, barring a veritable collapse of civilization.Divisible. Bitcoin is infinitely divisible. Better than the physical metals, actually – although the metals can be accounted in tiny fractions too.Convenient. Yes – as long as you have a smartphone, Bitcoin is very convenient. But your smartphone, or something like it, may not always be with you. And your counterparty also has to have one. And it’s not very convenient if someone doesn’t know or trust Bitcoin. Right now, that’s still probably 98% of humanity.Consistent. Absolutely. Every Bitcoin is exactly like another one. It’s at least as good as .999 fine gold that way.The problem I had with Bitcoin was the fifth point: Does it have use value in itself, so you can’t get stuck holding the bag?If you have a million US paper dollars, and nobody accepts them, they have no use in and of themselves – except as wall decorations or kindling. They’re just unsecured liabilities of a bankrupt government. In essence no better than a million Zimbabwe dollars, although there’s obviously a continuum. Fiat currencies can be easily destroyed by their issuers. The things are burning matches. They have half-lives, like radioactive elements.Sure, there were advantages to Bitcoin being a privately issued fiat currency. But I didn’t see its real use value; that’s where I went wrong.Bitcoin is certainly a fiat currency like the dollar or the Kwacha. But it’s also an excellent transfer device. You can move wealth from one country to another, or to another person, quickly and privately. I’d say secretly, but you’re not supposed to say “secret” anymore, you can only say “private.” Part of the politically correct corruption of language, I might add.Better yet, you can do so outside of the banking system, which is increasingly important. If you use Bitcoin, you don’t need a bank to store your money.Cryptocurrencies, like Bitcoins, are just the first, and most obvious, application of blockchain technology. Hopefully, among other things, blockchain and Bitcoin are going to destroy the SWIFT system, the vehicle for wiring money from one bank to another. SWIFT is expensive (typically $50-100 per transaction), slow (generally a day or two, sometimes a week or more), and insecure (who trusts either big banks or the US Government?). And SWIFT requires that all dollars clear through New York; non-Americans don’t care for that. SWIFT is used by thousands of banks around the world to send payment instructions worth trillions of dollars each day.So, this is one big use value of Bitcoin. It allows you to transfer something that is accepted as money outside of the banking system, privately, and outside of government fiat currencies.Bitcoin is well on the way to being accepted as money. I think it will succeed. Remember, money is just a medium of exchange and a store of value. Almost anything can be used as money. Some things are just much better than others.Salt, seashells, and cows have all historically been used as money. After all, the word “pecuniary” comes from the Latin pecus, which means cow; cows were used as money. And “salary” comes from the Latin sal, which is salt, which was also a money. Wampum were seashells. Cigarettes are money in prisons and war zones. Giant Yap island discs were used as money.Bitcoin is becoming more and more accepted as a medium of exchange, while most government fiat currencies approach their intrinsic values – essentially zero.Bitcoin is a bit more problematic as a store of value. Once again, let’s get back to the basics. You’ve got two kinds of currencies: commodity currencies and fiat currencies.The commodity currencies are actual physical commodities. You know they have use value. Fiat currencies, on the other hand, are just made up. They’re totally arbitrary and political.It’s like that old joke about sardines. You’ve got eating sardines and trading sardines. Commodity currencies are eating sardines. Fiat currencies are trading sardines. Of course, there’s no guarantee that Bitcoin is going to be accepted a year or two from now. It’s a high tech innovation, and maybe a Version 2.0 will collapse the value of the current version. So in a few years, we may find that Bitcoin fails the store of value test. But it’s accepted at the moment. And its acceptance is growing at a crazy rate – unlike fiat currencies, which have almost all been falling against real goods and services at about 5-10% a year. Incidentally, I don’t put much faith in the accuracy of government inflation figures.Bitcoin has been a great speculation so far. But is it a store of value? Bitcoin is a technological innovation. There likely will be Bitcoin 2.0 and 3.0, not to mention other, even more advanced cryptos. What will the current Bitcoin then be worth? There’s a reason the expression “High tech, big wreck” is true. Just because it’s been a great speculation, doesn’t mean it’s a good store of value. Technology, a solar flare, or even government action could wipe it out.The bottom line? Bitcoin passes the medium of exchange test for the moment and store of value test for the moment. So you can definitely say it’s money – for the moment. But so does the Argentine peso – for the moment. I have little confidence, however, Bitcoin will be here, say, five years from now. Buying cryptos is not like socking away gold coins.The $64 question is: Where are we in the market cycle for cryptos? Clearly, we’re no longer early in the game. It’s like getting into the Internet stocks back in 1998 – they weren’t cheap, but the bubble got much, much bigger. And the Internet – contrary to what people like Paul Krugman thought – was not itself a bubble. Up till now, the main way to play this has been tokens, like Bitcoin. There are perhaps two thousand of them out there now, and most of them are garbage.Because I think the crypto bubble will be reinflated now that the crypto winter that started in December 2017 is over, I’m getting involved in these cryptocurrencies on several levels. I’m trying to make the trend my friend. But cautiously.Regards,Doug Casey Founder, Casey ResearchEditor’s note: Our resident crypto expert, Marco Wutzer, has been following digital currencies for decades. He was an early investor in bitcoin. And like Doug, he’s truly an “international man.” He made so much money from cryptos, he dropped everything and traveled the world for five years.And now, he’s ready to share the details on his latest discovery…A new and exciting tech opportunity that could make early investors a fortune.You haven’t heard anything like this before. Marco just released an urgent video with all the details. Go here to get the full story.last_img read more

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Cities and local governments in several states say

first_imgCities and local governments in several states say they will continue to use a Canadian company to offer employees prescription drugs at a highly reduced price, even though officials from the U.S. Food and Drug Administration have raised safety concerns about the practice.The municipalities use CanaRx, which connects their employees with brick-and-mortar pharmacies in Canada, Great Britain and Australia to fill prescriptions.In a letter sent last week to CanaRx, the FDA said the company has sent “unapproved” and “misbranded” drugs to U.S. consumers, jeopardizing patient safety.The FDA also urged consumers not to use any medicines from CanaRx, which works with about 500 cities, counties, school districts and private employers in the United States to arrange drug purchases. Some of these employers started using the service as far back as 2004.Prices of drugs from overseas pharmacies can be as much as 70 percent lower than what people pay in the U.S. because the costs are regulated by the foreign governments.FDA officials would not explain why they waited more than a decade to act. They acknowledged the agency had no reports of anyone harmed by drugs received through CanaRx.The FDA made its warning as Congress and the Trump administration look into ways to lower drug prices. Last month, Florida Republican Gov. Ron DeSantis said he has President Donald Trump’s backing to start a program to begin importing drugs from Canada for state residents.After DeSantis’ comments, White House officials stressed that any such plan must get state and federal approvals.The FDA says that in most cases importing drugs for personal use is illegal, although it very rarely has tried to stop Americans from bringing drugs across the Canadian border. It has not stopped retail stores in Florida that have helped consumers buy drugs from Canada since 2003. Nine storefronts were raided by FDA officials in 2017, although the FDA has allowed them to continue operating.Schenectady County in New York, which has worked with CanaRx since 2004, defended its relationship and has no immediate plans to end it, according to Chris Gardner, the county attorney. “We will wait to see how this plays out, but right now it’s status quo,” Gardner says.He says CanaRx, which is headquartered in Windsor, Ontario, helped the county save $500,000 on drug costs in 2018. About 25 percent of the county’s 1,200 workers use the program and get their drugs with no out-of-pocket costs. If they use American pharmacies, they generally have a copayment.”This is a good program, and on the merits it looks lawful, and they are not doing the terrible things that the FDA is suggesting,” Gardner says.CanaRx officials deny they have been breaking any laws or putting Americans’ health at risk. They say they are not an online pharmacy but a broker between U.S. employees and brick-and-mortar pharmacies in Canada, Australia and Great Britain. People can buy drugs via CanaRx only with a prescription from their doctor.The company says it has no plans to stop distributing drugs.”The FDA’s characterizations of the CanaRx business model and operating protocols are completely wrong,” says Joseph Morris, a Chicago-based lawyer for the company. “It is not possible to place an order via any CanaRx website; the websites are informational only.”Morris says the FDA notice has prompted calls from many municipalities; but so far all say they plan to stick with the company.The FDA warning says online pharmacies that purport to sell drugs from Canada, Britain and Australia may actually get their drugs from other countries, which would increase the risk consumers are dealing with counterfeit drugs.CanaRx says that “it contracts with government-licensed physicians, pharmacists and pharmacies in Canada, the United Kingdom, and Australia … to supply brand name medications, packaged and sealed by the original manufacturer, for direct delivery to all participants.”Gabriel Levitt is president of pharmacychecker.com, an independent website for U.S. consumers that verifies international pharmacies offering drugs online. He notes that the FDA’s warning letter offered no evidence CanaRx has distributed any counterfeit drugs since it began business almost 20 years ago.Columbia County, N.Y., has been using CanaRx for about a decade and says the savings allows it to offer employees drugs with no out-of-pocket costs, instead of requiring them to pay as much as a $40 copay in local pharmacies.”This is bull,” Stephen Acciani, an insurance broker who works with the county, says of the FDA crackdown. “They are not selling unsafe medications.” His recommendation would be for the county, which has more than 600 employees on its health plan, to continue using CanaRx.Acciani notes that employees receive the medicine through the mail in its original packaging from the manufacturer.”It will give some clients pause,” says Kate Sharry, a benefits consultant to the city of Fall River, Mass., and more than 100 other municipalities in the state. “How can you not pay attention to this from the FDA?” But she expects the local governments to stay with CanaRx.Federal health officials under both Republican and Democratic administrations have blocked efforts to legalize importing medication, saying it’s too risky.”Sometimes a bargain is too expensive,” says Peter Pitts, a former FDA associate commissioner (from 2000 to 2004)who is now president of the Center for Medicine in the Public Interest, a New York-based nonprofit that receives some of its funding from drugmakers.Pitts, who applauds the FDA action, says it’s difficult for consumers to know when their pills from foreign pharmacies don’t have the correct potency or ingredients. He says doctors may also not realize a patient’s problem stems from issues with the medicine. Instead, the physicians may just change the medication’s dosage. He says it is not safe for Americans to buy drugs that are imported through foreign pharmacies.Levitt says CanaRx is one of the safest ways for Americans to get drugs from legitimate pharmacies in Canada and other industrialized counties.The FDA is likely trying to intimidate CanaRx and its clients in local government, Levitt says.”My biggest fear is they will scare consumers, [who then] won’t take their very safe and effective medications because they hear about this bogus warning,” says Levitt.”The FDA’s action,” he says, “which appears to try and make those programs look unsafe and sinister, seems to have a political and public relations purpose — one that is perfectly allied with the lobbying agenda of drug companies.”Levitt points to testimony FDA Commissioner Scott Gottlieb gave to a House subcommittee last week — just a day before the CanaRx warning, and ahead of his announcement that he will be leaving the FDA next month.When asked about importing Canadian drugs, Gottlieb did not mention CanaRx, but did say that people going to a “brick and mortar” pharmacy in Canada “are getting a safe and effective drug. I have confidence in the Canadian drug regulatory system.” He added that his concerns are with online pharmacies.The Pharmaceutical Research and Manufacturers of America, the industry trade and lobbying group, has cheered the FDA action but denies it had any role in it, says spokeswoman Nicole Longo.”PhRMA supports the FDA’s efforts to crack down on organizations that are circumventing its robust safety and efficacy requirements,” Longo says. “Drug importation schemes expose Americans to potentially unsafe, counterfeit or adulterated medicines.”Kaiser Health News is a nonprofit news service and editorially independent program of the Kaiser Family Foundation that is not affiliated with Kaiser Permanente. Copyright 2019 Kaiser Health News. To see more, visit Kaiser Health News.last_img read more

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This year has brought an unprecedented wave of new

first_imgThis year has brought an unprecedented wave of new state laws that only allow abortions to be performed early in pregnancy — if at all.Most of the new laws — known as early abortion bans — explicitly outlaw abortion when performed after a certain point early in the pregnancy. The laws vary, with some forbidding abortion after six weeks of pregnancy, and some after eight weeks. Alabama’s law is the most extreme: It aims to outlaw abortion at any point, except if the woman’s health is at serious risk. So far in 2019, nine U.S. states have passed laws of this type, and more states are considering similar legislation.Don’t see the graphic above? Click here.None of the laws passed this year are actually in effect, either because they have a future enactment date or because judges have put them on hold in response to lawsuits, or both.These new bans are a direct challenge to the precedent set by the 1973 Supreme Court ruling Roe v. Wade, which affirmed that a woman has a right to seek an abortion up until the point that the fetus could be “viable” outside of the uterus. Viability must be determined on an individual basis but is generally between 24 and 28 weeks of pregnancy.”We want to stop abortion of unborn children. And the only way we can do that is to go back and revisit the Roe decision,” Eric Johnston, the president of the Alabama Pro-Life Coalition, told NPR’s Ari Shapiro. Johnston helped write the Alabama law that outlaws almost all abortions.”This law is, in effect, a vehicle to do that,” he added.A few states already have existing laws that outlaw abortion earlier in pregnancy than the standard sent by Roe, banning the procedure as early as 18 or 20 weeks. When challenged, bans on abortion at this stage of pregnancy have consistently been struck down in court, according to the Guttmacher Institute. But not all of those laws have been challenged in court, so they remain on the books. There is no state law currently in effect that bans abortion before 20 weeks.Two states, New York and Vermont, have moved in the other direction. Both states passed laws this year that affirm the legal right to an abortion in each state, even if the Supreme Court overturns Roe v. Wade.These early abortion bans differ from another common type of state regulation known as a TRAP law — for Targeted Regulation of Abortion Providers. TRAP laws place particular restrictions on the doctors or health clinics that provide abortions, and the Supreme Court has allowed some of these laws to go into effect, while striking down others.Don’t see the graphic above? Click here.Here’s some details on the newest bans, by state.*Important note: Supporters of reproductive rights have filed multiple lawsuits against this type of law. None of these early abortion bans are currently in effect or are being enforced.Alabama – No abortion after 0 weeks. Allows exceptions if the woman’s life is threatened. No exceptions for rape or incest. Arkansas — No abortion after 18 weeks. Allows exceptions for rape, incest or medical emergencies.Georgia – No abortion after 6 weeks. Allows exceptions if the woman’s life is endangered, if the pregnancy is deemed “medically futile” and in cases of rape or incest if the woman files a police report.Kentucky – No abortion after 6 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered.Louisiana – No abortion after 6 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered or if the pregnancy is deemed “medically futile.”Mississippi – No abortion after 6 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered.Missouri – No abortion after 8 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered.Ohio – No abortion after 6 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered.Utah – No abortion after 18 weeks. No exceptions for rape or incest. Allows exceptions if the woman’s life is endangered.NPR’s Carrie Feibel, Sarah McCammon and Carmel Wroth contributed to this report. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

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Watch and Read the Transcript of Elon Musks Boring TED Talk

first_imgElon Musk Next Article The SpaceX and Tesla CEO shares his views on the future of transportation. May 3, 2017 Add to Queue Watch and Read the Transcript of Elon Musk’s ‘Boring’ TED Talk Learn how to successfully navigate family business dynamics and build businesses that excel. Free Webinar | July 31: Secrets to Running a Successful Family Businesscenter_img Entrepreneur Staff Register Now » 15+ min read Entrepreneur Staff Elon Musk leads Tesla, SpaceX, Neuralink and now The Boring Company, giving him a guiding hand on the future of transportation and the survival of the humanity. On Friday, April 28, he sat down with TED’s head curator, Chris Anderson, to discuss his new side project — digging tunnels — and his grand ambitions for the next decades. Below is the full transcript of the conversation.Chris Anderson: Elon, hey, welcome back to TED. It’s great to have you here.Elon Musk: Thanks for having me.CA: So, in the next half hour or so, we’re going to spend some time exploring your vision for what an exciting future might look like, which I guess makes the first question a little ironic: Why are you boring?EM: Yeah. I ask myself that frequently. We’re trying to dig a hole under LA, and this is to create the beginning of what will hopefully be a 3D network of tunnels to alleviate congestion. So right now, one of the most soul-destroying things is traffic. It affects people in every part of the world. It takes away so much of your life. It’s horrible. It’s particularly horrible in LA.CA: I think you’ve brought with you the first visualization that’s been shown of this. Can I show this?EM: Yeah, absolutely. So this is the first time — just to show what we’re talking about. So a couple of key things that are important in having a 3D tunnel network. First of all, you have to be able to integrate the entrance and exit of the tunnel seamlessly into the fabric of the city. So by having an elevator, sort of a car skate, that’s on an elevator, you can integrate the entrance and exits to the tunnel network just by using two parking spaces. And then the car gets on a skate. There’s no speed limit here, so we’re designing this to be able to operate at 200 kilometers an hour.CA: How much?EM: 200 kilometers an hour, or about 130 miles per hour. So you should be able to get from, say, Westwood to LAX in six minutes — five, six minutes.CA: So possibly, initially done, it’s like on a sort of toll road-type basis.EM: Yeah.CA: Which, I guess, alleviates some traffic from the surface streets as well.EM: So, I don’t know if people noticed it in the video, but there’s no real limit to how many levels of tunnel you can have. You can go much further deep than you can go up. The deepest mines are much deeper than the tallest buildings are tall, so you can alleviate any arbitrary level of urban congestion with a 3D tunnel network. This is a very important point. So a key rebuttal to the tunnels is that if you add one layer of tunnels, that will simply alleviate congestion, it will get used up, and then you’ll be back where you started, back with congestion. But you can go to any arbitrary number of tunnels, any number of levels.CA: But people — seen traditionally, it’s incredibly expensive to dig, and that would block this idea.EM: Yeah. Well, they’re right. To give you an example, the LA subway extension, which is — I think it’s a two-and-a-half mile extension that was just completed for $2 billion. So it’s roughly a billion dollars a mile to do the subway extension in LA. And this is not the highest utility subway in the world. So yeah, it’s quite difficult to dig tunnels normally. I think we need to have at least a tenfold improvement in the cost per mile of tunneling.CA: And how could you achieve that?EM: Actually, if you just do two things, you can get to approximately an order of magnitude improvement,and I think you can go beyond that. So the first thing to do is to cut the tunnel diameter by a factor of two or more. So a single road lane tunnel according to regulations has to be 26 feet, maybe 28 feet in diameter to allow for crashes and emergency vehicles and sufficient ventilation for combustion engine cars. But if you shrink that diameter to what we’re attempting, which is 12 feet, which is plenty to get an electric skate through, you drop the diameter by a factor of two and the cross-sectional area by a factor of four, and the tunneling cost scales with the cross-sectional area. So that’s roughly a half-order of magnitude improvement right there. Then tunneling machines currently tunnel for half the time, then they stop, and then the rest of the time is putting in reinforcements for the tunnel wall. So if you design the machine instead to do continuous tunneling and reinforcing, that will give you a factor of two improvement. Combine that and that’s a factor of eight. Also these machines are far from being at their power or thermal limits, so you can jack up the power to the machine substantially. I think you can get at least a factor of two, maybe a factor of four or five improvement on top of that. So I think there’s a fairly straightforward series of steps to get somewhere in excess of an order of magnitude improvement in the cost per mile, and our target actually is — we’ve got a pet snail called Gary, this is from Gary the snail from South Park, I mean, sorry, SpongeBob SquarePants. So Gary is capable of — currently he’s capable of going 14 times faster than a tunnel-boring machine.CA: You want to beat Gary.EM: We want to beat Gary. He’s not a patient little fellow, and that will be victory. Victory is beating the snail.CA: But a lot of people imagining, dreaming about future cities, they imagine that actually the solution is flying cars, drones, etc. You go aboveground. Why isn’t that a better solution? You save all that tunneling cost.EM: Right. I’m in favor of flying things. Obviously, I do rockets, so I like things that fly. This is not some inherent bias against flying things, but there is a challenge with flying cars in that they’ll be quite noisy, the wind force generated will be very high. Let’s just say that if something’s flying over your head, a whole bunch of flying cars going all over the place, that is not an anxiety-reducing situation. You don’t think to yourself, “Well, I feel better about today.” You’re thinking, “Did they service their hubcap, or is it going to come off and guillotine me?” Things like that.CA: So you’ve got this vision of future cities with these rich, 3D networks of tunnels underneath. Is there a tie-in here with Hyperloop? Could you apply these tunnels to use for this Hyperloop idea you released a few years ago.EM: Yeah, so we’ve been sort of puttering around with the Hyperloop stuff for a while. We built a Hyperloop test track adjacent to SpaceX, just for a student competition, to encourage innovative ideas in transport. And it actually ends up being the biggest vacuum chamber in the world after the Large Hadron Collider, by volume. So it was quite fun to do that, but it was kind of a hobby thing, and then we think we might — so we’ve built a little pusher car to push the student pods, but we’re going to try seeing how fast we can make the pusher go if it’s not pushing something. So we’re cautiously optimistic we’ll be able to be faster than the world’s fastest bullet train even in a .8-mile stretch.CA: Whoa. Good brakes.EM: Yeah, I mean, it’s — yeah. It’s either going to smash into tiny pieces or go quite fast.CA: But you can picture, then, a Hyperloop in a tunnel running quite long distances.EM: Exactly. And looking at tunneling technology, it turns out that in order to make a tunnel, you have to — in order to seal against the water table, you’ve got to typically design a tunnel wall to be good to about five or six atmospheres. So to go to vacuum is only one atmosphere, or near-vacuum. So actually, it sort of turns out that automatically, if you build a tunnel that is good enough to resist the water table, it is automatically capable of holding vacuum.CA: Huh.EM: So, yeah.CA: And so you could actually picture, what kind of length tunnel is in Elon’s future to running Hyperloop?EM: I think there’s no real length limit. You could dig as much as you want. I think if you were to do something like a D.C.-to-New York Hyperloop, I think you’d probably want to go underground the entire way because it’s a high-density area. You’re going under a lot of buildings and houses, and if you go deep enough, you cannot detect the tunnel. Sometimes people think, well, it’s going to be pretty annoying to have a tunnel dug under my house. Like, if that tunnel is dug more than about three or four tunnel diameters beneath your house, you will not be able to detect it being dug at all. In fact, if you’re able to detect the tunnel being dug, whatever device you are using, you can get a lot of money for that device from the Israeli military, who is trying to detect tunnels from Hamas, and from the U.S. Customs and Border patrol that try and detect drug tunnels. So the reality is that earth is incredibly good at absorbing vibrations, and once the tunnel depth is below a certain level, it is undetectable. Maybe if you have a very sensitive seismic instrument, you might be able to detect it.CA: So you’ve started a new company to do this called The Boring Company. Very nice. Very funny.EM: What’s funny about that?CA: How much of your time is this?EM: It’s maybe … 2 or 3 percent.CA: You’ve bought a hobby. This is what an Elon Musk hobby looks like.EM: I mean, it really is, like — this is basically interns and people doing it part time. We bought some second-hand machinery. It’s kind of puttering along, but it’s making good progress, so –CA: So an even bigger part of your time is being spent on electrifying cars and transport through Tesla. Is one of the motivations for the tunneling project the realization that actually, in a world where cars are electric and where they’re self-driving, there may end up being more cars on the roads on any given hour than there are now?EM: Yeah, exactly. A lot of people think that when you make cars autonomous, they’ll be able to go faster and that will alleviate congestion. And to some degree that will be true, but once you have shared autonomy where it’s much cheaper to go by car and you can go point to point, the affordability of going in a car will be better than that of a bus. Like, it will cost less than a bus ticket. So the amount of driving that will occur will be much greater with shared autonomy, and actually traffic will get far worse.CA: You started Tesla with the goal of persuading the world that electrification was the future of cars, and a few years ago, people were laughing at you. Now, not so much.EM: OK. I don’t know. I don’t know.CA: But isn’t it true that pretty much every auto manufacturer has announced serious electrification plansfor the short- to medium-term future?EM: Yeah. Yeah. I think almost every automaker has some electric vehicle program. They vary in seriousness. Some are very serious about transitioning entirely to electric, and some are just dabbling in it. And some, amazingly, are still pursuing fuel cells, but I think that won’t last much longer.CA: But isn’t there a sense, though, Elon, where you can now just declare victory and say, you know, “We did it.” Let the world electrify, and you go on and focus on other stuff?EM: Yeah. I intend to stay with Tesla as far into the future as I can imagine, and there are a lot of exciting things that we have coming. Obviously the Model 3 is coming soon. We’ll be unveiling the Tesla Semi truck.CA: OK, we’re going to come to this. So Model 3, it’s supposed to be coming in July-ish.EM: Yeah, it’s looking quite good for starting production in July.CA: Wow. One of the things that people are so excited about is the fact that it’s got autopilot. And you put out this video a while back showing what that technology would look like.EM: Yeah. There’s obviously autopilot in Model S right now. What are we seeing here? Yeah, so this is using only cameras and GPS. So there’s no LIDAR or radar being used here. This is just using passive optical, which is essentially what a person uses. The whole road system is meant to be navigated with passive optical, or cameras, and so once you solve cameras or vision, then autonomy is solved. If you don’t solve vision, it’s not solved. So that’s why our focus is so heavily on having a vision neural net that’s very effective for road conditions.CA: Right. Many other people are going the LIDAR route. You want cameras plus radar is most of it.EM: You can absolutely be superhuman with just cameras. Like, you can probably do it ten times better than humans would, just cameras.CA: So the new cars being sold right now have eight cameras in them. They can’t yet do what that showed. When will they be able to?EM: I think we’re still on track for being able to go cross-country from LA to New York by the end of the year, fully autonomous.CA: OK, so by the end of the year, you’re saying, someone’s going to sit in a Tesla without touching the steering wheel, tap in “New York,” off it goes.EM: Yeah.CA: Won’t ever have to touch the wheel — by the end of 2017.EM: Yeah. Essentially, November or December of this year, we should be able to go all the way from a parking lot in California to a parking lot in New York, no controls touched at any point during the entire journey.CA: Amazing. But part of that is possible because you’ve already got a fleet of Teslas driving all these roads. You’re accumulating a huge amount of data of that national road system.EM: Yes, but the thing that will be interesting is that I’m actually fairly confident it will be able to do that route even if you change the route dynamically. So, it’s fairly easy — If you say I’m going to be really good at one specific route, that’s one thing, but it should be able to go, really be very good, certainly once you enter a highway, to go anywhere on the highway system in a given country. So it’s not sort of limited to LA to New York. We could change it and make it Seattle-Florida, that day, in real time. So you were going from LA to New York. Now go from LA to Toronto.CA: So leaving aside regulation for a second, in terms of the technology alone, the time when someone will be able to buy one of your cars and literally just take the hands off the wheel and go to sleep and wake up and find that they’ve arrived, how far away is that, to do that safely?EM: I think that’s about two years. So the real trick of it is not how do you make it work say 99.9 percent of the time, because, like, if a car crashes one in a thousand times, then you’re probably still not going to be comfortable falling asleep. You shouldn’t be, certainly.It’s never going to be perfect. No system is going to be perfect, but if you say it’s perhaps  the car is unlikely to crash in a hundred lifetimes, or a thousand lifetimes, then people are like, OK, wow, if I were to live a thousand lives, I would still most likely never experience a crash, then that’s probably OK.CA: To sleep. I guess the big concern of yours is that people may actually get seduced too early to think that this is safe, and that you’ll have some horrible incident happen that puts things back.EM: Well, I think that the autonomy system is likely to at least mitigate the crash, except in rare circumstances. The thing to appreciate about vehicle safety is this is probabilistic. I mean, there’s some chance that any time a human driver gets in a car, that they will have an accident that is their fault. It’s never zero. So really the key threshold for autonomy is how much better does autonomy need to be than a person before you can rely on it?CA: But once you get literally safe hands-off driving, the power to disrupt the whole industry seems massive, because at that point you’ve spoken of people being able to buy a car, drops you off at work and then you let it go and provide a sort of Uber-like service to other people, earn you money, maybe even cover the cost of your lease of that car, so you can kind of get a car for free. Is that really likely?EM: Yeah. Absolutely this is what will happen. So there will be a shared autonomy fleet where you buy your car and you can choose to use that car exclusively, you could choose to have it be used only by friends and family, only by other drivers who are rated five star, you can choose to share it sometimes but not other times. That’s 100 percent what will occur. It’s just a question of when.CA: Wow. So you mentioned the Semi and I think you’re planning to announce this in September, but I’m curious whether there’s anything you could show us today?EM: I will show you a teaser shot of the truck. It’s alive.CA: OK.EM: That’s definitely a case where we want to be cautious about the autonomy features. Yeah.CA: We can’t see that much of it, but it doesn’t look like just a little friendly neighborhood truck. It looks kind of badass. What sort of semi is this?EM: So this is a heavy duty, long-range semitruck. So it’s the highest weight capability and with long range. So essentially it’s meant to alleviate the heavy-duty trucking loads. And this is something which people do not today think is possible. They think the truck doesn’t have enough power or it doesn’t have enough range, and then with the Tesla Semi we want to show that no, an electric truck actually can out-torque any diesel semi. And if you had a tug-of-war competition, the Tesla Semi will tug the diesel semi uphill.CA: That’s pretty cool. And short term, these aren’t driverless. These are going to be trucks that truck drivers want to drive.EM: Yes. So what will be really fun about this is you have a flat torque RPM curve with an electric motor, whereas with a diesel motor or any kind of internal combustion engine car, you’ve got a torque RPM curve that looks like a hill. So this will be a very spry truck. You can drive this around like a sports car. There’s no gears. It’s, like, single speed.CA: There’s a great movie to be made here somewhere. I don’t know what it is and I don’t know that it ends well, but it’s a great movie.EM: It’s quite bizarre test-driving. When I was driving the test prototype for the first truck. It’s really weird, because you’re driving around and you’re just so nimble, and you’re in this giant truck.CA: Wait, you’ve already driven a prototype?EM: Yeah, I drove it around the parking lot, and I was like, this is crazy.CA: Wow. This is no vaporware.EM: It’s just like, driving this giant truck and making these mad maneuvers.CA: This is cool. OK, from a really badass picture to a kind of less badass picture. This is just a cute house from Desperate Housewives or something. What on earth is going on here?EM: Well, this illustrates the picture of the future that I think is how things will evolve. You’ve got an electric car in the driveway. If you look in between the electric car and the house, there are actually three Powerwalls stacked up against the side of the house, and then that house roof is a solar roof. So that’s an actual solar glass roof.CA: OK.EM: That’s a picture of a real — well, admittedly, it’s a real fake house. That’s a real fake house.CA: So these roof tiles, some of them have in them basically solar power, the ability to –EM: Yeah. Solar glass tiles where you can adjust the texture and the color to a very fine-grained level,and then there’s sort of microlouvers in the glass, such that when you’re looking at the roof from street level or close to street level, all the tiles look the same whether there is a solar cell behind it or not. So you have an even color from the ground level. If you were to look at it from a helicopter, you would be actually able to look through and see that some of the glass tiles have a solar cell behind them and some do not. You can’t tell from street level.CA: You put them in the ones that are likely to see a lot of sun, and that makes these roofs super affordable, right? They’re not that much more expensive than just tiling the roof.EM: Yeah. We’re very confident that the cost of the roof plus the cost of electricity — a solar glass roof will be less than the cost of a normal roof plus the cost of electricity. So in other words, this will be economically a no-brainer, we think it will look great, and it will last — we thought about having the warranty be infinity, but then people thought, well, that might sound like were just talking rubbish, but actually this is toughened glass. Well after the house has collapsed and there’s nothing there, the glass tiles will still be there.CA: I mean, this is cool. So you’re rolling this out in a couple week’s time, I think, with four different roofing types.EM: Yeah, we’re starting off with two, two initially, and the second two will be introduced early next year.CA: And what’s the scale of ambition here? How many houses do you believe could end up having this type of roofing?EM: I think eventually almost all houses will have a solar roof. The thing is to consider the time scale here to be probably on the order of 40 or 50 years. So on average, a roof is replaced every 20 to 25 years. But you don’t start replacing all roofs immediately. But eventually, if you say were to fast-forward to say 15 years from now, it will be unusual to have a roof that does not have solar.CA: Is there a mental model thing that people don’t get here that because of the shift in the cost, the economics of solar power, most houses actually have enough sunlight on their roof pretty much to power all of their needs. If you could capture the power, it could pretty much power all their needs. You could go off-grid, kind of.EM: It depends on where you are and what the house size is relative to the roof area, but it’s a fair statement to say that most houses in the U.S. have enough roof area to power all the needs of the house.CA: So the key to the economics of the cars, the semi, of these houses is the falling price of lithium-ion batteries, which you’ve made a huge bet on as Tesla. In many ways, that’s almost the core competency. And you’ve decided that to really, like, own that competency, you just have to build the world’s largest manufacturing plant to double the world’s supply of lithium-ion batteries, with this guy. What is this?EM: Yeah, so that’s the Gigafactory, progress so far on the Gigafactory. Eventually, you can sort of roughly see that there’s sort of a diamond shape overall, and when it’s fully done, it’ll look like a giant diamond, or that’s the idea behind it, and it’s aligned on true north. It’s a small detail.CA: And capable of producing, eventually, like a hundred gigawatt hours of batteries a year.EM: A hundred gigawatt hours. We think probably more, but yeah.CA: And they’re actually being produced right now.EM: They’re in production already.CA: You guys put out this video. I mean, is that sped up?EM: That’s the slowed down version.CA: How fast does it actually go?EM: Well, when it’s running at full speed, you can’t actually see the cells without a strobe light. It’s just blur.CA: One of your core ideas, Elon, about what makes an exciting future is a future where we no longer feel guilty about energy. Help us picture this. How many Gigafactories, if you like, does it take to get us there?EM: It’s about a hundred, roughly. It’s not 10, it’s not a thousand. Most likely a hundred.CA: See, I find this amazing. You can picture what it would take to move the world off this vast fossil fuel thing. It’s like you’re building one, it costs $5 billion, or whatever, $5 to $10 billion. Like, it’s kind of cool that you can picture that project. And you’re planning to do, at Tesla — announce another two this year.EM: I think we’ll announce locations for somewhere between two and four Gigafactories later this year. Yeah, probably four.CA: Whoa. No more teasing from you for here? Like — where, continent? You can say no.EM: We need to address a global market.CA: OK. This is cool. I think we should talk for — actually, double mark it. I’m going to ask you one question about politics, only one. I’m kind of sick of politics, but I do want to ask you this. You’re on a body now giving advice to a guy –EM: Who?CA: Who has said he doesn’t really believe in climate change, and there’s a lot of people out there who think you shouldn’t be doing that. They’d like you to walk away from that. What would you say to them?EM: Well, I think that first of all, I’m just on two advisory councils where the format consists of going around the room and asking people’s opinion on things, and so there’s like a meeting every month or two. That’s the sum total of my contribution. But I think to the degree that there are people in the room who are arguing in favor of doing something about climate change, or social issues, I’ve used the meetings I’ve had thus far to argue in favor of immigration and in favor of climate change. And if I hadn’t done that, that wasn’t on the agenda before. So maybe nothing will happen, but at least the words were said.CA: OK. So let’s talk SpaceX and Mars. Last time you were here, you spoke about what seemed like a kind of incredibly ambitious dream to develop rockets that were actually reusable. And you’ve only gone and done it.EM: Finally. It took a long time.CA: Talk us through this. What are we looking at here?EM: So this is one of our rocket boosters coming back from very high and fast in space. So just delivered the upper stage at high velocity. I think this might have been at sort of Mach 7 or so, delivery of the upper stage.CA: So that was a sped-up –EM: That was the slowed down version.CA: I thought that was the sped-up version. But I mean, that’s amazing, and several of these failed before you finally figured out how to do it, but now you’ve done this, what, five or six times?EM: We’re at eight or nine.CA: And for the first time, you’ve actually reflown one of the rockets that landed.EM: Yeah, so we landed the rocket booster and then prepped it for flight again and flew it again, so it’s the first reflight of an orbital booster where that reflight is relevant. So it’s important to appreciate that reusability is only relevant if it is rapid and complete. So like an aircraft or a car, the reusability is rapid and complete. You do not send your aircraft to Boeing in-between flights.CA: Right. So this is allowing you to dream of this really ambitious idea of sending many, many, many people to Mars in, what, 10 or 20 years time, I guess.EM: Yeah.CA: And you’ve designed this outrageous rocket to do it. Help us understand the scale of this thing.EM: Well, visually you can see that’s a person. Yeah, and that’s the vehicle.CA: So if that was a skyscraper, that’s like, did I read that, a 40-story skyscraper?EM: Probably a little more, yeah. The thrust level of this is really — this configuration is about four times the thrust of the Saturn V moon rocket.CA: Four times the thrust of the biggest rocket humanity ever created before.EM: Yeah. Yeah.CA: As one does.EM: Yeah. In units of 747, a 747 is only about a quarter of a million pounds of thrust, so for every 10 million pounds of thrust, there’s 40 747s. So this would be the thrust equivalent of 120 747s, with all engines blazing.CA: And so even with a machine designed to escape Earth’s gravity, I think you told me last time this thing could actually take a fully loaded 747, people, cargo, everything, into orbit.EM: Exactly. This can take a fully loaded 747 with maximum fuel, maximum passengers, maximum cargo on the 747 — this can take it as cargo.CA: So based on this, you presented recently this Interplanetary Transport System which is visualized this way. This is a scene you picture in, what, 30 years time? Twenty years time? People walking into this rocket.EM: I’m hopeful it’s sort of an eight- to 10-year time frame. Aspirationally, that’s our target. Our internal targets are more aggressive, but I think –CA: OK.EM: While vehicle seems quite large and is large by comparison with other rockets, I think the future spacecraft will make this look like a rowboat. The future spaceships will be truly enormous.CA: Why, Elon? Why do we need to build a city on Mars with a million people on it in your lifetime, which I think is kind of what you’ve said you’d love to do?EM: I think it’s important to have a future that is inspiring and appealing. I just think there have to be reasons that you get up in the morning and you want to live. Like, why do you want to live? What’s the point? What inspires you? What do you love about the future? And if we’re not out there, if the future does not include being out there among the stars and being a multiplanet species, I find that it’s incredibly depressing if that’s not the future that we’re going to have.CA: People want to position this as an either or, that there are so many desperate things happening on the planet now from climate to poverty to, you know, you pick your issue. And this feels like a distraction.You shouldn’t be thinking about this. You should be solving what’s here and now. And to be fair, you’ve done a fair old bit to actually do that with your work on sustainable energy. But why not just do that?EM: I think there’s — I look at the future from the standpoint of probabilities. It’s like a branching stream of probabilities, and there are actions that we can take that affect those probabilities or that accelerate one thing or slow down another thing. I may introduce something new to the probability stream. Sustainable energy will happen no matter what. If there was no Tesla, if Tesla never existed, it would have to happen out of necessity. It’s tautological. If you don’t have sustainable energy, it means you have unsustainable energy. Eventually you will run out, and the laws of economics will drive civilization towards sustainable energy, inevitably. The fundamental value of a company like Tesla is the degree to which it accelerates the advent of sustainable energy, faster than it would otherwise occur.So when I think, like, what is the fundamental good of a company like Tesla, I would say, hopefully, if it accelerated that by a decade, potentially more than a decade, that would be quite a good thing to occur. That’s what I consider to be the fundamental aspirational good of Tesla.Then there’s becoming a multiplanet species and space-faring civilization. This is not inevitable. It’s very important to appreciate this is not inevitable. The sustainable energy future I think is largely inevitable, but being a space-faring civilization is definitely not inevitable. If you look at the progress in space, in 1969 you were able to send somebody to the moon. 1969. Then we had the Space Shuttle. The Space Shuttle could only take people to low Earth orbit. Then the Space Shuttle retired, and the United States could take no one to orbit. So that’s the trend. The trend is like down to nothing. People are mistaken when they think that technology just automatically improves. It does not automatically improve. It only improves if a lot of people work very hard to make it better, and actually it will, I think, by itself degrade, actually. You look at great civilizations like ancient Egypt, and they were able to make the pyramids, and they forgot how to do that. And then the Romans, they built these incredible aqueducts. They forgot how to do it.CA: Elon, it almost seems, listening to you and looking at the different things you’ve done, that you’ve got this unique double motivation on everything that I find so interesting. One is this desire to work for humanity’s long-term good. The other is the desire to do something exciting. And often it feels like you feel like you need the one to drive the other. With Tesla, you want to have sustainable energy, so you made these super sexy, exciting cars to do it. Solar energy, we need to get there, so we need to make these beautiful roofs. We haven’t even spoken about your newest thing, which we don’t have time to do, but you want to save humanity from bad AI, and so you’re going to create this really cool brain-machine interface to give us all infinite memory and telepathy and so forth. And on Mars, it feels like what you’re saying is, yeah, we need to save humanity and have a backup plan, but also we need to inspire humanity, and this is a way to inspire.EM: I think the value of beauty and inspiration is very much underrated, no question. But I want to be clear. I’m not trying to be anyone’s savior. That is not the — I’m just trying to think about the future and not be sad.CA: Beautiful statement. I think everyone here would agree that it is not — none of this is going to happen inevitably. The fact that in your mind, you dream this stuff, you dream stuff that no one else would dare dream, or no one else would be capable of dreaming at the level of complexity that you do. The fact that you do that, Elon Musk, is a really remarkable thing. Thank you for helping us all to dream a bit bigger.EM: But you’ll tell me if it ever starts getting genuinely insane, right?CA: Thank you, Elon Musk. That was really, really fantastic. That was really fantastic. –shareslast_img read more

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