Most fall camp quotes are pretty boring. Especially when Mike Gundy and a Mike Gundy-coached team are involved. Lots of “loves to play the game, loves his family etc.”Mason Rudolph even got in on the fun this week when talking about walk-on RB Keegan Metcalf.“We all kind of anticipated it,” Rudolph told the O’Colly. “He’s a senior, he’s a heck of a hard worker and gives great effort on the field. Just a great guy. We were pumped for him.”Straight out of the Gundy playbook. One guy who is not operating out of Mike Gundy’s playbook is senior Ashton Lampkin. He missed most of the season in 2015 but clearly feels confident about going into this campaign.“I think it’s going to turn out great for the season,” Lampkin told the Oklahoman. “I think we’re one of the best secondaries in the nation right now. When it comes to game day we’ll have to show that and prove it.”One of the best secondaries in the country, huh? Maybe, but the defense was just flat-out not very good last year. Not sure that’s a thing I’d be saying with Baker Mayfield, Seth Russell and Patty Mahomes on the slate. Also not something Glenn Spencer is saying!“I don’t think there is great depth right now,” Spencer said recently of the corners. “Ashton is still out of full competition, when he comes back we’ll be better, but right now we’ve got Ramon Richards who is experienced and Darius Curry who has a little experience.“We find out in this league you can’t have enough corners, but we don’t have enough right now that we feel consistently happy with. We’re trying to decide on a couple of young kids to see if they’re ready or not and that’s a day-to-day evaluation. We have to get Ashton healthy, and we’re pleased with Lenzy Pipkins. Ramon has to keep playing disciplined ball and he’s so much better than he was, but those are just a handful of guys. We have to have a couple of those young guys prove they can help us win.”Not the most ringing endorsement. I get where both parties are coming from though. Lampkin is confident in his own abilities as well as those of his ‘mates. Spencer generally hates the entire world this time of year and thinks OSU will go 4-8 and it will be his fault. The truth, as always, will probably fall somewhere in between.If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!
Ex-Crystal Palace owner Jordan: Ashley serious about selling Newcastleby Paul Vegas10 months agoSend to a friendShare the loveFormer Crystal Palace owner Simon Jordan is convinced Mike Ashley is serious about selling Newcastle United.On the takeover, he says Ashley could do a deal quickly and even if it goes beyond January he think he will sell up.Jordan told talkSPORT: “He’s looking to sell. Absolutely he’s looking to sell.“Unequivocally this time without a shadow of doubt from my vantage point without actually having spoken to Mike for a significant passage of time, reading the signs, knowing how deals get done, last year with Staveley came to the table I pretty much said: ‘This deal will not get done, it will not get done.’“This time there’s a different feel to it, there’s a different metric to it and look from it. Ashley is going to sell this football club. Now it’s not going to hold them back in January from spending money because if he has to spend money he will add it to the ticket. If he doesn’t have to write a cheque for it someone else is paying for it and so be it.”With Mike I absolutely believe he should sell. I believe he will sell this time, I don’t believe it’s a PR spin.“If I was him I wouldn’t want to be there anymore. It’s so toxic and debilitating for everyone at the football club – he’s never going to recover from the impression that he’s not there for the football club when they need him.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Photo: Notre Dame Sent Mail About Its High School Prospect Camps To A Starting Offensive Lineman At Rutgers
Chris Muller is a rising redshirt junior at Rutgers. He has appeared in 26 games for the Scarlet Knights the past two seasons, making 25 starts at right guard. One of those starts was actually against Notre Dame in the 2013 Pinstripe Bowl. Apparently, the Fighting Irish staff either didn’t remember Muller from that game, or were so impressed that they are attempting to recruit him over a year later. Tonight, Muller tweeted that he received mail from Notre Dame about its upcoming 2015 summer high school prospect camps, a curious delivery considering Muller is entering his fourth year at another program. Well this is awkward… #CHOPNation pic.twitter.com/OsQLwniVCK— Chris Muller (@Chris_Muller70) February 21, 2015Not sure if this is an actual NCAA infraction but either way Notre Dame should probably update its recruiting mailing lists. More: The Only 13 Teams That Can Win The Playoff In 2015
PASADENA, CA – JANUARY 01: Ohio State Buckeyes head coach Urban Meyer and wife Shelley Meyer celebrate after the Ohio State Buckeyes win the Rose Bowl Game presented by Northwestern Mutual at the Rose Bowl on January 1, 2019 in Pasadena, California. (Photo by Kevork Djansezian/Getty Images)Ohio State’s players and coaches weren’t the only ones to receive rings for the national championship. The coaches wives also received some “bling” for the win, and Shelley Meyer tweeted out a picture of her new jewelry yesterday. She had the ring turned into a necklace. There is probably no more sought after accessory in the state of Ohio right now.Buckeyes got their “ring bling”-Buckeye Coaches’ Wives got some championship bling of their own. #1 #natlchamps pic.twitter.com/jxOfYrwGsx— Shelley Meyer (@spinnershells) March 27, 2015Few college football coaches’ wives are as active as Shelley Meyer. She and the other Buckeye wives definitely earned this after a long season.
Indiana Missed FGDuke just held off Indiana 44-41 in overtime in a wild New Era Pinstripe Bowl. It was the program’s first bowl win since 1961, and it came in dramatic fashion when Indiana’s Griffin Oakes missed a 38-yard field goal by the slimmest of margins.Take a close look at the video. Oakes’ kick actually went over the upright. It was ruled no good, but while Duke players immediately began celebrating, Oakes also threw his hands up, convinced he had made the kick.To top it off, the situation isn’t reviewable, because of the fact it went over the upright. Indiana really cornered the market on heartbreaking losses this year. Tough way to end the season for the Hoosiers.
Illinois junior wide reciever Mike Dudek (18) runs the ball during a game against Western Kentucky. Credit: Courtesy of University of Illinois AthleticsLocation: Champaign, Illinois2016 Record: 3-9 (2-7)Head Coach: Lovie Smith2017 Record so far: 2-0All time record vs. OSU: 30-67What has happened thus far in 2017: Illinois opened its season with a narrow 24-21 win over Ball State, which was cause for concern. Junior quarterback Chayce Crouch was sacked four times, and the Illini’s offensive line could not make much room for Illinois’ stable of running backs. In Week 2, the Fighting Illini continued to struggle, but the defense improved dramatically, holding Western Kentucky to one touchdown in a 20-7 victory. Impact player (offense or defense)Redshirt junior wide receiver Mike Dudek has suited up for the first time in two seasons, after suffering two ACL tears. In his true freshman season, he caught 76 passes for 1,038 yards, was voted second-team all-conference and led the Big Ten in receptions and receiving yards during conference play. His absence might take a toll on his production, but his impact has been visible. In Illinois’ close bout with Ball State, Dudek’s 52-yard punt return eventually secured the win, and he led the team in receiving yards against Western Kentucky, pulling in six catches for 46 yards. StrengthsIllinois resolved its glaring quarterback issue in the offseason. Last season there was a revolving door of quarterbacks, as a different starter took the field on four separate occasions due to both injury and poor performance. If all goes according to plan, Crouch will start and add stability to the offense. Additionally, there is potential in the young talent that Illinois will have to rely on this season, such as freshman running back Mike Epstein, who got his first start against Western Kentucky and rushed for 111 yards. WeaknessesIllinois’ depth on the offensive line raises some concerns. With only three starters returning, this team must rely heavily on inexperienced players. There have been glaring issues, like Ball State sacking Crouch four times. Star running back Kendrick Foster has sputtered to start the season, though part of that can be attributed to a struggling offensive line. He led Illinois in rushing yards, rushing touchdowns, total touchdowns and all-purpose yards last season, but could only scrounge eight carries for 15 yards against Ball State and three carries for 11 yards against Western Kentucky. The youth of this team is apparent on both sides of the ball and will be difficult to overcome as the Illini head into Big Ten play.
As the January transfer window approaches, Rangers manager Steven Gerrard has insisted that striker Alfredo Morelos is “going nowhere”.Morelos scored a brace on Sunday as Rangers came from behind to win 2-1 at St Johnstone.Last January, Rangers rejected an £8m bid from Chinese club Beijing Renhe for the Colombian striker.After scoring 19 goals across all competitions in the first half of the season, Gerrard is gearing up for another fight to keep the 21-year-old.“He’s a top-class finisher. He must be a nightmare to play against because I see him constantly keep giving defenders tough afternoons,” Gerrard told Sky Sports.Owen reveals why Liverpool didn’t offer Gerrard a new contract Manuel R. Medina – September 6, 2019 According to Owen, the Reds wanted to sell Gerrard two years before he left the club and that’s why they didn’t offer him a contract renewal.“He comes alive in the box and at big times and big moments, he has stepped up for us.“So we’re really pleased with him. All good players around the world receive interest and bids – that’s football.“I won’t turn my phone off. I’ll listen to what (interested clubs) have to say. He’s going nowhere and that’s the message.”
Argentina manager Lionel Scaloni believes there is more to extract from his side following an unspectacular 1-0 friendly win at Morocco.After a shock 3-1 defeat to Venezuela last weekend, Argentina headed over to Morocco without captain Lionel Messi.The Barcelona superstar picked up a knock in his first game back for nearly nine months. Thus, Paulo Dybala took Messi’s place in the line-up but was unable to be much of a threat due to a clear lack of chances.Windy conditions during the second half made things even trickier for Argentina before substitute Angel Correa scored a match-winner seven minutes from time.While the Atletico Madrid forward was able to spare Scaloni’s blushes, the 40-year-old accepted his side must improve.“Argentina’s best version is always to come, as happens with all the other teams,” said Scaloni, according to Fox Sports.“There is no team always at their 100 per cent.“Obviously it was impossible to show a good game, both for Argentina and Morocco [because of the wind]. But we will achieve our best version with a lot of hard work, and we have some time to get ready for that.Top 5 best players from the international break weekend Tomás Pavel Ibarra Meda – September 11, 2019 After a fresh international break just came to an end, we need to talk about the Top 5 best players during this whole weekend.We…“As we all know Morocco are a hard team, with a lot of good players, who are capable of complicating any team. This time they faced an eager Argentina. We are eager to play, to get results, to defend these colours, and that is really important for us.“It was a difficult game for Morocco because they were playing with the home crowd pressure and also maybe the wind did not help them either.”Argentina will next be in action in this summer’s Copa America tournament in Brazil, with Colombia awaiting them in their Group B opener on June 16.Despite concerns over Messi’s participation in the competition, Scaloni stated on Monday that it’s clear the 31-year-old will be in his squad.⚽ #SelecciónMayor@Argentina 🇦🇷 1 – #Marruecos 🇲🇦 0¡Final del partido! Con gol de Ángel Correa, el Seleccionado Nacional triunfó en el estadio de Tánger! pic.twitter.com/iNVfmcktmO— Selección Argentina 🇦🇷 (@Argentina) March 26, 2019
Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp#Jamaica, September 9, 2017 – Kingston – The Jamaica Bauxite Institute (JBI) has entered into an agreement with Timeless Herbal Care, an international nutraceutical and pharmaceutical company, for the growing of medicinal plants on mined-out bauxite lands.Under a Memorandum of Understanding (MOU) signed on Tuesday (September 5), the JBI will provide technical training for farmers in the growing of the crops. The farmers will sell the yield at market value to Timeless Herbal Care, which will extract the medicinal contents for the various markets that they serve. The plants to be cultivated are guinea hen weed, moringa, black castor bean, and medical cannabis.At the signing ceremony held at the Ministry of Transport and Mining’s Maxfield Avenue offices, Portfolio Minister, Hon. Mike Henry, welcomed the partnership, which, he said, will offer major economic benefits for the farmers.He noted that the crops targeted under the initiative are in high demand world-wide because the “nutraceutical value is immense”.“We must now move with urgency to capitalize on what is truly ours,” he said.Minister Henry noted that the farmers will be taught new skills, so that they can produce the plants to internationally accepted standards.Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange, who attended the signing ceremony, said that the project will create a new source of revenue and jobs from the growing, reaping, and export of nutraceuticals. She said that there are buyers in Canada who are waiting for products from Timeless Herbal Care.Meanwhile, the company’s Chief Executive Officer, Courtney Betty, said the initiative is about working with communities, establishing international partnerships and “developing Jamaica’s natural plants, which are so valuable”.Release: JIS Facebook Twitter Google+LinkedInPinterestWhatsApp
Original Story: The Alaska State Troopers Bureau of Highway Patrol responded to a motor vehicle accident on the Seward Highway at MP 77.5 around 10:51 p.m., last night. The workers had one lane closed and were operating a pilot car for traffic. The driver, an adult male, became pinned as a result of the collision and his lower body was trapped. Limited details are known at this time. Updates will be posted as they are made available. The tractor trailer was stopped at a construction zone per the direction of construction workers and rear ended by the Taurus. He was flown to a local hospital with life threatening injuries. The driver of the tractor trailer was not injured. The cause of the collision is under investigation. Facebook0TwitterEmailPrintFriendly分享Update 9:06 a.m.: The preliminary investigation found that the driver of a 1997 Ford Taurus was southbound on the Seward Highway near Milepost 77.5 when it struck a 2014 International Harvester tractor trailer. According to the highway closure alert there were injuries sustained in the accident. The highway is closed in both directions effective until 5:51 a.m. Update at 4:55 a.m.:Seward Hwy Mile 77.5; Both lanes of traffic are open.
Department of Public Safety Communications Director Johnathon Taylor says the first step for people if they receive a call like this is to verify what the caller is saying. The scams reported, in which the caller contacted close family members of one Kenai woman and threatened sexual assault and death to her if a ransom was not met, have been experienced across Alaska this year. DPS Comm Dir. Taylor: “Individuals who are utilizing these types of scams are often trained to prey on the feeling of helplessness and concern and panic that people have and can convince people to do things that they would not otherwise do. So first is to verify, to try and see whether or not it’s suspicious.” DPS Comm Dir. Taylor: “If the scammers are not actually calling from the state of Alaska, the Alaska State Troopers or local police departments might not actually have jurisdiction. So reporting it to the FBI is always the first step. If folks do want to contact the local law enforcement agency, whether that’s our local police department or Troopers and let them know, they can absolutely do that.” Facebook0TwitterEmailPrintFriendly分享After a scam targeted multiple Kenai Peninsula families this weekend, the Department of Public Safety is telling community members to verify first and then report the scam activity to authorities. Taylor says if families are or have been targeted in this sort of scam, the best step after verification that your family is safe is to report the incident to the FBI through their Internet Crime Complaint Center. The Kenai woman did report her incident to the FBI. Communications Director Staci Feger-Pellessier in the FBI’s Anchorage Office says they are looking into the incident.
Aug 31 • Best places to sell your used electronics in 2019 Comments • See All Share your voice Self-driving cars Tags 18 Photos Aug 31 • Your phone screen is gross. Here’s how to clean it 2 Apple Enlarge ImageApple’s 2018 disengagement report was pretty lackluster despite its test cars’ elaborate sensor package. MacCallister Higgins After a less than stellar showing in California’s mandatory annual disengagement report, Apple released a white paper (PDF) on Wednesday to the National Highway Traffic Safety Administration outlining its testing procedures for its self-driving car program.While most of the document reads like boilerplate for anyone testing a self-driving car, the part that we find most interesting is the section that outlines Apple’s requirements for its test vehicle’s human safety driver.To qualify as a safety driver for Apple’s self-driving car program, you need to have a driving record free of serious accidents, DUI convictions, suspensions or revocations for at least the last 10 years. Once these requirements are met, prospective drivers need to pass a drug screen and a background check.Once hired, Apple safety drivers can expect to be subjected to a barrage of training and evaluation beginning with a defensive driving course followed by vehicle-specific training and testing to help sharpen their reflexes.Safety drivers are made to take regular breaks while driving and are paired up with an operator who sits in the passenger seat whenever testing is being undertaken. Drivers are also given regular anonymous surveys to determine the mental and physical impact that their work has on them.Roadshow contacted both Uber and Waymo to see what their requirements for being hired as a safety driver are (and were, in Uber’s case) as well as what kind of ongoing training and evaluation programs were put in place for those drivers. Neither responded immediately to requests for comment.While Apple’s disengagements during its 2018 testing (871.65 per 1000 miles traveled) initially read as shocking, it’s important to remember that Apple is new to the field relative to the likes of Waymo or Cruise. Further, disengagements in the comparatively early stages of testing aren’t the end of the world as long as a qualified human safety driver is there and alert enough to correct the car’s mistake.Sherif Marakby, CEO of Ford Autonomous Vehicles, echoed this sentiment last year when our Editor-In-Chief Tim Stevens went to Miami to try Ford and Argo AI’s self-driving car: “We see interventions in a very different light. We see it as a good thing… We record that data and put it into simulation so we’re not risking anything on the road. We can do it in the computer.”Apple didn’t immediately respond to requests for comment. Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors 2020 Hyundai Palisade review: Posh enough to make Genesis jealous reading • Apple sets a high bar for operators of its self-driving car Autonomous Vehicles Car Industry 2020 BMW M340i review: A dash of M makes everything better Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? More From Roadshow Waymo’s autonomous Pacifica cruising through Castle 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Self-driving cars Apple
The New York Times said Tuesday it will be cutting its newsroom budget this year, but also investing $5 million for covering the Trump administration as part of a strategic reorganization.The “2020 Group” report by key Times staffers outlines plans by the prestigious daily to shift resources while remaining relevant in the digital era.A memo by executive editor Dean Baquet and managing editor Joe Kahn said that “there will be budget cuts this year” to be specified soon, noting that “we cannot pretend to be immune from financial pressures.”With a newsroom of around 1,300, the Times is one of the world’s biggest news organizations but it has struggled financially as readers move away from print to online news, which is far less lucrative.Baquet and Kahn said they see this opportunity “as a necessary repositioning of The Times’s newsroom, not as a diminishment.”“We are deeply committed to protecting our investment in the original newsgathering and storytelling that make The Times so indispensable in our readers’ lives,” the memo said.This means an investment of “an additional $5 million so we can produce even more coverage of the incoming Trump administration.”They wrote that “covering this story aggressively, fairly and unrelentingly will be the top priority for The New York Times newsroom this year.”One of the areas likely to face cuts is the editing staff, the memo said, citing “too many layers, too many hands on every story, and too many people involved in meddling with small fixes” in news stories.“We must move away from duplicative and often low-value line editing. It slows us down, costs too much and discourages experiments in storytelling,” the memo said.Baquet and Kahn also said the Times will emphasize “visual journalism throughout the newsroom.”“Visual-first journalists should be involved earlier in the process, shaping not just the form but also the content of stories,” they said.“This shift will involve significant changes in culture, structure and staffing, as well as investment in training and tool-building. Many more text-based and visual journalists should sit together and collaborate regularly.”The move comes amid growth at the rival Washington Post, which announced recently it has become profitable under new owner Jeff Bezos, founder of Amazon, even as it has expanded its newsroom and improved its technology.
More information: Amphitheater-headed canyons formed by megaflooding at Malad Gorge, Idaho, PNAS, Published online before print December 16, 2013, DOI: 10.1073/pnas.1312251111AbstractMany bedrock canyons on Earth and Mars were eroded by upstream propagating headwalls, and a prominent goal in geomorphology and planetary science is to determine formation processes from canyon morphology. A diagnostic link between process and form remains highly controversial, however, and field investigations that isolate controls on canyon morphology are needed. Here we investigate the origin of Malad Gorge, Idaho, a canyon system cut into basalt with three remarkably distinct heads: two with amphitheater headwalls and the third housing the active Wood River and ending in a 7% grade knickzone. Scoured rims of the headwalls, relict plunge pools, sediment-transport constraints, and cosmogenic (3He) exposure ages indicate formation of the amphitheater-headed canyons by large-scale flooding ∼46 ka, coeval with formation of Box Canyon 18 km to the south as well as the eruption of McKinney Butte Basalt, suggesting widespread canyon formation following lava-flow diversion of the paleo-Wood River. Exposure ages within the knickzone-headed canyon indicate progressive upstream younging of strath terraces and a knickzone propagation rate of 2.5 cm/y over at least the past 33 ka. Results point to a potential diagnostic link between vertical amphitheater headwalls in basalt and rapid erosion during megaflooding due to the onset of block toppling, rather than previous interpretations of seepage erosion, with implications for quantifying the early hydrosphere of Mars. Credit: Jim Cash/Idaho Geological Survey Gorges and especially canyons inspire awe and wonder in most who view them, followed by introspection and inevitably questions regarding how such a spectacle might have come about. Up till now, the most common answer has been simple erosion—water flowing over a long enough period of time can cut even the hardest of rock. More recently, however, new evidence has suggested that some gorges were actually created by groundwater movement. And now, in this new effort, the research team suggests that some of them might have come about due to massive floods.To learn more about the origins of Malad Gorge, the team traveled there and collected rock samples from several sites, focusing most specifically on what are known as amphitheater-headed canyons—where the walls of the canyon run straight up and down, and the area around them forms what look like an amphitheater. The prevailing view has been that they form due to erosion. But in their study of the isotopic makeup of the rock samples, they found that two different amphitheater-headed canyons just 11 miles apart were roughly the same age, suggesting something other than erosion was at play. Next, they found that a volcanic eruption that had led to the formation of nearby Butte Basalt had occurred at roughly the same time as well. This led to the team developing a theory that suggests the volcanic eruption and subsequent lava flow caused a change in the course of a river that existed at that time, causing massive flooding of the entire area for some period of time—enough time to have carved out the heads of Woody’s Cove and Stubby Canyon.The researchers note that their findings may explain gorge and cavern formation in other places as well, including other planets, such as some of those on Mars. © 2013 Phys.org Geologist investigates canyon carved in just three days in Texas flood Journal information: Proceedings of the National Academy of Sciences Explore further Citation: Study of Idaho canyons suggests they were the result of massive flooding not erosion (2013, December 17) retrieved 18 August 2019 from https://phys.org/news/2013-12-idaho-canyons-result-massive-erosion.html (Phys.org) —A team of researchers is proposing that Idaho’s Malad Gorge and two of its three unique heads were created by a massive flood 46,000 years ago. In their paper published in Proceeding of the National Academy of Sciences, the team members from California Institute of Technology describe a field study they undertook of the area and how their findings suggest the gorge was created by a flood, not erosion as has been previously thought. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Kolkata: Two dreaded criminals tried to flee police custody by hurling bombs and firing several rounds of bullet just before being produced in the court. Though one of the accused took off, the other one was nabbed immediately.According to locals, two criminals identified as Shaikh Munna and Karna Bera were being taken to Kanthi fast track court under judicial custody.Around 12:30 pm, the prisoner van of the Purba Medinipur Police arrived at the court premises with six under-trial prisoner including Bera and Munna. Also Read – Rain batters Kolkata, cripples normal lifeAs soon as a police personnel opened the door of the van, one person waiting close to the van hurled a bomb. Another person tried to snatch Bera and Munna from the van.Police sources informed that two persons were waiting with two motorcycles for the prisoner van to arrive at the court premises. When one of them was hurling bombs, the other one passed a firearm to Karna and Munna. All of them tried flee but failed as one of the motorcycles broke down. Sensing danger, one of the accused tried to take some else’s motorcycle but failed to do so as the owner ran away with the keys. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedHaving no other way, all four of them tried leave on the one motorcycle they were left with. While on the motorcycle, Bera and Munna hurled bombs and fired at least eight rounds of bullet.Six persons including five police personnel and a staff from the court were injured by the bullets and the bombs.But their plan was partly foiled as Bera fell down on road as soon as the motorcycle started moving. However, his accomplishes fled and he tried to get to a safe place by running aimlessly. In Kanthi bazar area, he hid in a house but was traced by police personnel as he was being followed. A large number of police personnel surrounded the house and Bera could not escape. He was arrested from there.Bera has several cases of murder, robbery, dacoity on his head. He is also accused of murdering a police constable identified as Nabakumar Maity at Mahisadal a few years ago. He tried to flee jail several times but failed.
23Aug Rep. Lower participates in bill-signing ceremony for his plan to end unfair tax levying Photo Information: State Rep. James Lower (left), of Cedar Lake, joined Gov. Rick Snyder on Wednesday for the ceremonial signing of his plan formally known as House Bill 5902, which removes an unfair tax from certain businesses. The law exempts self-insurer groups that operate under Workers Disability Compensation Act agreements from Corporate Income Tax to avoid double taxation. The law is currently effective. Categories: Lower News
In This Issue. * Spain & Italy PMI’s beat expectations * UK Services push sterling to 4-year high! * RBA leaves rates and hawkish statement unchanged. * Silver is stuck in the mud. And Now. Today’s A Pfennig For Your Thoughts. It’s All About The Currencies Today. Good Day! . And a Tom Terrific Tuesday to you! I couldn’t believe my ears this morning when the alarm went off, for it wouldn’t register in my mind that it was time to get up, and I kept saying to myself, that’s a false alarm, go back to sleep! But. Returning to sleep mode was not in the cards, as I soon figured out, that it was not a dream, and it was time to get up! UGH! I look forward to the day, I say, “Forget it, I’m going back to sleep!” It appears that the markets have finally figured that out, and decided not to go back to sleep this morning, and therefore carry through the overnight rally in the currencies. Of course some good data prints from the Eurozone, can be quite the help in that regard! Gold is flat today, after pushing past $1,300 on Friday, and staying there yesterday. I’ve got a few things to talk about today, and some housecleaning to do, so as the Michael Stanley Band played many years ago, “Let’s get this show on the road”. Front and Center this morning, the Eurozone peripheral countries such as Spain and Italy printed strong PMI’s (manufacturing indexes) to start the month off on a good foot. Spain’s PMI actually was an acceleration of the previous strong report. For those of you keeping score at home, Spain’s PMI for April hit a 3 year high of 56.5, and marked the 5th consecutive month that it beat not only the expectations but the U.S.’s PMI figure. Italy printed a PMI of 51.1, and beat the expectations also. Given the strength of these two PMI’s going into the European Central Bank (ECB) meeting on Thursday, I think what I said yesterday about how there will be no drama at this ECB meeting, is becoming even more accepted in the markets. This has the euro on the rally tracks this morning, folks. The euro is just a couple of ticks away from the March high of 1.3932. Remember, though, the last time the euro got this high, and looked like it wanted to take out 1.40, that the rug got pulled out from under the euro, by something. Quite Frankly I don’t recall what it was, as I was actually in S. Florida watching either the sea come crashing into the beach, or my beloved Cardinals. But I’m sure it was something smartless, and pushed the euro back down. You know, I’ve said this many times through the years of this weak dollar trend, and that is: the ECB and Eurozone manufacturers don’t want to see the euro this strong. (remember when it was 1.50 before the financial meltdown, and looked like it might never fall?) The Eurozone leaders would prefer to see the euro between 1.20 and 1.30. But, as I’ve also said before, I don’t think the ECB is interested in currency wars, or selling the euro to weaken it. So, jawboning the euro in the direction the ECB feels to be right, is their tool of choice. Late last year when the euro was around 1.28-1.30, I told you all that I saw the euro returning to 1.50 this year.. Of course that was all centered around the idea that I had for the U.S. Fed, and their Tapering of Quantitative Easing / bond buying/ money printing/ cheap Japanese imitation. I’m still of the belief that later this year, we’re going to be looking at a very weak economy, and the Fed will have no other choice but to add to their “signature bond buying program” and therefor throw the remaining credibility that they have out the window. And that won’t be good for the dollar, and with the euro the offset currency to the dollar, the euro then gets pushed higher and higher, whether the ECB wants it or not! I mean, come on, you probably thought I had gone quacky, lost my marbles, and all those other nice things they say when someone has their saneness questioned, when I said that about the euro, but think about that. the euro has gained 10-cents since then, did you think that was possible back when I said that? So, the open course has been set for the euro. And it’s not uncharted waters. been there, done that, bought the T-Shirt. The Reserve Bank of Australia (RBA) met last night, and left their internal rate unchanged at 2.5%… There were no major changes to the accompanying statement, and the minor ones were at least positive, with the RBA acknowledging that there has been some improvement in indicators of the labor market. Tonight will see the March and 1st QTR Retail Sales reports from Australia, and later this week, we’ll see the latest labor report. All this good news and thoughts for things to print still this week, has the Aussie dollar (A$) on the rally tracks this morning, and has passed 93-cents once again. The New Zealand dollar / kiwi, is also on the rally tracks, but for no apparent reason other than to grab onto the A$’s coat tails and go for a ride! Kiwi has traded past 87-cents this morning, which is pretty thin air for the currency. I would say this, about the moves in A$’s and kiwi overnight, I would be careful here. Should anything hit the markets to upset the applecart, these two will get hit the hardest, because they have rallied the most! And these days, I just can’t ever feel like it’s all seashells and balloons when there are so many things to worry about that could upset the applecart in a NY Minute! But having said all that, these moves higher are very welcomed by currency holders, and should be viewed as proof that what I’ve been saying all along is coming to fruition, in that the dollar would return to the underlying weak trend. I find all this dollar weakness interesting in that it comes at a time when the “flight to safety” deriving from the problems in Ukraine, should be enough to keep the dollar from falling like it has. But it hasn’t been. Speaking of Ukraine. Things there seem to be really getting ugly, which should be a heavy weight for the euro to shoulder.. But then maybe the markets see this Ukraine problem, like my friend Jim Powell, called it. “a passing storm”. In fact, Jim starts his latest letter with this note: “The biggest obstacles to peace and prosperity today aren’t the threats that dominate the news. Slow economic growth, high unemployment, uprisings in the Middle East, and North Africa, Russia’s annexation of Crimea and so on, are passing storms.” Should you be interested in reading Jim Powell’s Changes & Opportunities Report each month, and I must say I look forward to receiving mine each month, you can click here to check out subscribing to the letter. http://www.powellreport.com/section/subscription OK. Yesterday, I made a statement about the Cinco de Mayo celebrations being something along the lines of celebrating their independence. And I think I make that same error just about every year that 5/5 is on a workday! Of course I really didn’t say it was their “independence Day”, which happens to be Sept 16. But it did gain them independence from the French at a battle of Puebla. So, I apologize to anyone that was offended by me not stating all that correctly! The British Pound sterling is kicking rear and taking names later again this morning. Pound sterling hit a 4-year high this morning at 1.6953, on the back of a better than the average bear Services report, and the fact that the Big Dog euro is off the porch this morning, chasing the dollar down the street! Canada printed a nice trade SURPLUS for February of C$290 Million, the largest monthly surplus since December 2011. The March report is expected to add to the C$290 Million, and put another notch in their belt of positive reports. The Canadian dollar / loonie is up in value this morning to $.9140. Or, as it is quoted on the street, 1.0940. This has been a strong move below 1.10 for the loonie, and one that is welcome, as I feel the loonie has been held back artificially. Speaking of Trade Balances. The U.S. Data Cupboard will print the March Trade Balance, read. Deficit. this morning. Should be around $40 Billion in the red. And that’s it, other than the IBD/TIPP Economic Optimism Index. Something that will fly completely out of the market’s radar today. As I said above, Gold was flat when I came in, but is down $2 right now, so still pretty flat on the day. I’m going to talk about Silver more today though. I read a report on Bloomberg that got me thinking about Silver. The Bloomberg report said, “While makers of everything from jewelry to solar panels are buying the most silver in nine years, price are languishing. Investors are dismissing industrial demand and instead focusing on the waning appeal of precious metals as a haven, with the Federal Reserve paring economic stimulus measures, inflation muted and equities rallying.” Hmmm. I have to say that while that explains why Silver can’t seem to get out of the mud at $19 dollars and change, it just doesn’t play well in the sandbox with what Chuck thinks should be pushing Silver higher. Ukraine, Chuck’s thoughts on tapering, inflation is not muted, go buy some beef, are all reasons for Silver to rally. And the equities rally? Well, I’ll repeat something I told my audience at the Orlando Money Show. “Everyone is interested in stocks again. Well, good for them! The last time this happened, it didn’t turn out too good for stock holders now did it? And all the time the stocks were heading higher, currencies and metals were left to drift in an ocean of red. But all good things must come to an end, right? And that’s all I have to say about that! . Now, before I head to the Big Finish this morning, I have this to say. OK. I see that I piqued a lot of interest from you dear readers regarding our new MarketSafe CD. Look, I know it’s not the sexiest MarketSafe CD we’ve ever issued, and I know it won’t light up the night when it’s all said and done, and maybe, interest rates don’t rise in the next 5 years, so on, and so on. But those are not reasons to complain about it, but, think about this.. Most people like things simple. Simple to use, simple to understand. They don’t want to have to need an engineer’s degree to understand the latest investment vehicle, put together by the quants at a Big Brokerage House. This MarketSafe was put together from a simple idea. That interest rates will go higher in the next 5 years. How high, is the question, but Shoot Rudy, wouldn’t you be kicking yourself if interest rates skyrocketed like they did in the late 70’s, early 80’s, and you didn’t have an investment to reward you for this increase in rates? Now, I’m not saying they will skyrocket, I’m just saying, what happens if they do? For What It’s Worth. Have you ever heard of G. Edwin Griffin? Yes, he’s the author of the great book: The Creature from Jekyll Island, which chronicles the story of the beginning of the Fed, and how it was done in secrecy so as to not get the U.S. citizens all up in arms about a banking cabal. Well, G. Edwin Griffin has an amazing story to his life, folks. A former CIA operative, etc. Well, he has an email service that he sends out, called “unfiltered news”. And that’s where I found this story. You’re going to love this one! “Late last week, a bill to legalize gold and silver as legal tender was passed through the Oklahoma state house. The vote was 74-12. Senate Bill 862 (SB862), was introduced by Sen. Clark Jolley and Rep. Gary Banz, with cosponsorship from Sen. Natham Dahm. It reads, in part: Gold and silver coins issued by the United States government are legal tender in the State of Oklahoma. No person may compel another person to tender or accept gold or silver coins that are issued by the United States government, except as agreed upon by contract. The bill also provides a state-level tax exemption to Oklahoma residents exchanging their precious metals for another medium of change: For taxable years beginning on or after January 1, 2015, there shall be exempt from Oklahoma taxable income, or in the case of an individual, the Oklahoma adjusted gross income, any amount of net capital gains, as defined in 26 U.S.C.A., Section 1222 of the Internal Revenue Code and included in the federal income tax return, which result from the sale or exchange of gold or silver for another form of legal tender. Oklahoma is now slated to become the second state to recognize gold and silver as legal tender authorized for payments of debts and taxes. Earlier this year, the Arizona senate also passed a similar bill by a vote of 18-12. But that bill has stalled in the state house. Currently all debts and taxes in Oklahoma and the rest of the United States are either paid with Federal Reserve Notes (dollars) which were authorized as legal tender by Congress, or with coins issued by the U.S. Treasury – very few of which have gold or silver in them.” Chuck again. Yes, let me remind each and every one of you that: The United States Constitution states in Article I, Section 10, “No State shall.make any Thing but gold and silver Coin a Tender in Payment of Debts.” To recap. It’s a currency rally day, without Gold & Silver participating. At least right now they aren’t! The euro got going in the right direction this morning, as Spain and Italy both printed PMI’s (manufacturing indexes) that beat expectations, and in Spain’s case marked the 5th consecutive month that their PMI was better than that in the U.S! The U.K. printed a strong services index number and the pound is at a 4-year high this morning. The RBA left rates unchanged and didn’t make major changes to their previous hawkish statement, so the A$ is rallying and taking kiwi along for the ride this morning. Currencies today 5/6/14. American Style: A$ .9340, kiwi .8750, C$ .9150, euro 1.3940, sterling 1.6975, Swiss $1.1450, . European Style: rand 10.5145, krone 5.9120, SEK 6.5040, forint 220.30, zloty 3.0160, koruna 19.6735, RUB 35.53, yen 101.75, sing 1.2475, HKD 7.7520, INR 60.11, China 6.1565, (a small mark down in renminbi overnight, very small) pesos 13.02, BRL 2.2425, Dollar Index 79.16, Oil $99.74, 10-year 2.62%, Silver $19.70, Platinum $1,448.25, Palladium $814.00, and Gold. $1,311.72 That’s it for today. Let’s see, what do I have in the bag of things to talk about today. Oh! Alex received two scholarships last night at the Senior Awards, of which he was one of the masters of ceremony. He’s come a long way from the little boy that wouldn’t look people in the eye when he talked to them. Cardinals find a way to win in Atlanta. And Chuck gets news on scans. I can tell you that the doctor says I’m stable, “and that’s good” according to him. I on the other hand am not satisfied or happy with stable. So, the news was taken with a grain of salt for me. My wife says to be happy. The doctor says to be happy. Maybe I’ll get there, eventually. I guess with all the metastasizing that I’ve had, there’s something to be said for being told there’s no new growths… Enough of that! That talk gives me the willies. Tonight is Senior Night at Alex’s last home Water Polo game. The seedings came out for the State Tournament, and Lindbergh is seeded 4th. Which would be a HUGE triumph for my son, Andrew’s public school team. To reach the final 4 would be HUGE! And if I were the Athletic Director at Lindbergh, I would give him a huge raise! HA! And with that. I’ll get out of your hair today, and hope you have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets
Editor’s note: Yesterday, Crisis Investing editor Nick Giambruno told us about two stories every investor should be watching right now. Today, Nick is back to discuss two serious dangers most people haven’t even thought about. He also reveals his No. 1 investment idea for the year. Justin Spittler, editor, Casey Daily Dispatch: Nick, let’s start with the bad news. What are a couple threats most investors have ignored? Nick Giambruno, editor, Crisis Investing: I think the petrodollar system could begin to unravel this year. It’s my number one “black swan” event for 2017. The petrodollar is an arrangement between the United States and Saudi Arabia. It basically ensures that every oil transaction by the Organization of the Petroleum Exporting Countries (OPEC), a cartel of 13 major oil-producing countries, is done in U.S. dollars. The system has created a deeper, more liquid market for the dollar and U.S. Treasuries. It’s allowed the U.S. government and the average American to live beyond their means for decades. Most importantly, the petrodollar is the glue that holds the U.S.–Saudi relationship together. But the system, which has been in place since the 1970s, is starting to fall apart. J.S.: How so? Nick Giambruno: The geopolitical sands of the Middle East are rapidly shifting. Saudi Arabia’s regional position is weakening. Iran, which is notably not part of the petrodollar system, is on the rise. U.S. military interventions are failing. And the emerging BRICS (Brazil, Russia, India, China, and South Africa) countries are creating potential alternatives to U.S.-dominated economic/security arrangements. None of this bodes well for the petrodollar. But Saudi Arabia’s weakening position is easily the weakest link in the petrodollar system today. That’s because the stars are aligning against the Saudi kingdom. The country hasn’t been this vulnerable since it was founded in 1932. J.S.: What can investors do to protect themselves or profit from the collapse of the petrodollar system? Nick Giambruno: Gold is by far the best way to profit from the end of the petrodollar. You see, the petrodollar system was put in place after the U.S. dollar went off the gold standard in 1971. It’s the main reason why the dollar is still the world’s reserve currency. When the petrodollar inevitably collapses like I expect, it’s going to rattle the global monetary system in a way not seen since the end of the gold standard. And, as you may know, this caused the price of gold to skyrocket from $35 an ounce in 1971 to $850 an ounce by 1980. That’s a staggering 2,300% rise in only nine years. Gold mining stocks, which are leveraged to the price of gold, did even better. I expect the returns to be at least this great after the end of the petrodollar. We’re talking about a truly once-in-a-generation kind of investing opportunity. I think this could happen sooner than most people think… That’s why I laid out a blueprint that explains how to profit from the collapse of the petrodollar system in the latest issue of Crisis Investing. As I explained in that issue, you won’t want to find yourself on the wrong side of history when this happens. J.S.: Are there any other hidden dangers our readers should know about? Nick Giambruno: The unsound banking system is a threat most people have never even considered. You see, most folks assume the banking system is safe. Boobus Americanus thinks he actually owns the money in his bank account. But that’s not true. Once you deposit cash in the bank, the money is no longer your property. It belongs to the bank. What you actually own is a promise from the bank to repay. It’s an unsecured liability. In other words, money in a checking account is less secure than cash you would stick under your mattress. Of course, 99.9% of people don’t realize this. J.S.: Why shouldn’t people trust banks with their life savings? Nick Giambruno: When you put money in your checking or savings account, you become a creditor of the bank. If the bank gets in trouble, you’re going to get burned. This wouldn’t be a problem if banks were responsible with deposits they’ve been trusted to look after. But most banks gamble with people’s money. They bet on risky investment fads like mortgage-backed securities. This happened on a grand scale during the last financial crisis. Of course, we’ve all been told the government will have our back if the banking system runs into trouble. After all, the Federal Deposit Insurance Corporation (FDIC) supposedly insures our deposits up to $250,000. That’s far more money than the average person keeps with their bank. This makes people think their money is safe. But it’s a false sense of security. J.S.: Why’s that? Nick Giambruno: The FDIC only has about $30 billion set aside in emergency funds. That sounds like a ton of money. But the FDIC insures around $9 trillion in deposits. In other words, the FDIC hasn’t even set aside one penny for every dollar it insures. There are also at least 36 U.S. banks with more than $30 billion in deposits. If just one of these banks fails, it could completely clean out the FDIC. That’s not even that unlikely, given how leveraged U.S. banks are at the moment. In short, the global economy is based on unsound banks dealing in unsound currencies. It’s a mile-high house of cards that looks wobblier by the day. Oddly, these facts don’t seem to shake the confidence the general public and most financial experts place in the banking system. WANTED: 1,000 Men and Women To Join Chris Mayer In The Most Ambitious Project Of His Career This is an entirely different Bonner & Partners project, with an ambitious goal to find stocks with the potential to become the biggest stock market winners of tomorrow. Success is not guaranteed. We could fail completely. But if it all works out the way Chris intends it to, just one idea could fund your whole retirement. If you have the courage to learn more, click here for the full details of his new project. – The Best Place to Hide Your Money It’s tax-free. Pays up to 37 times more than bank accounts. And you DON’T NEED TO REPORT IT TO THE IRS. No wonder the government doesn’t want you to know about this secret account. Click here. — Recommended Links J.S.: Scary stuff. What can people do to protect themselves? Nick Giambruno: Many people put more thought into what reality show they’re going to watch on TV tonight than which bank they choose to be custodians of their savings. Many don’t even realize they have other practical options. There are banks in stable jurisdictions with low debt that don’t gamble with customer deposits (i.e., your money). Many of these banks are much better capitalized, keep more cash on hand, and are otherwise much more conservatively run than those in the U.S. These offshore banks are almost always more responsible custodians of your hard-earned savings. Doug Casey and I describe how you can do it all from home in a free report. And there’s still time to get it done without extraordinary cost or effort, but you need to act quickly. Click here to download the PDF now. J.S.: What about opportunities? Where do you think people stand to make the most money this year? Nick Giambruno: If I were putting my own money into something today, it would be uranium, hands down. It simply has the most explosive upside. Doug says, “When the market wants into gold stocks it’s like trying to force the contents of the Hoover Dam through a garden hose. In the case of uranium stocks, it’s more like a soda straw.” Take Paladin Energy. Doug recommended this company during the last uranium bull market, and it leaped from one penny to $10 per share. That’s a 1,000-fold increase. A $10,000 investment could have exploded into $10 million. Even the worst-performing companies in the uranium sector delivered 20-to-1 returns during the last bull market. Uranium can deliver these almost unbelievable returns because of unique supply-and-demand quirks that create colossal bull and bear markets. J.S.: Hasn’t uranium been in a bear market for almost a decade? What makes you think the market is finally going to turn around? Nick Giambruno: The price of uranium has plunged more than 85% from previous highs. Longtime readers know Doug often says any asset down more than 90% deserves a look. In this case, uranium is close enough for consideration. Right now, uranium is selling for far less than it costs to produce. Very few uranium companies are making money. That’s led to a huge decline in global uranium output. Today, the uranium industry is producing about 50,000 tonnes per year while the global economy consumes about 68,000 tonnes of uranium each year. That means we’re looking at an annual deficit of around 18,000 tonnes. Global inventories make up the shortfall, but they may not be able to for much longer. You see, almost no one knows how much uranium is currently in storage. Governments and companies keep this a secret. Most experts I’ve spoken with say global uranium reserves could enter the “danger zone” within a year. If the price of uranium doesn’t rise soon, some of these mines could shut down. If enough companies fold, lights across the world could go out. But I don’t see that happening. I think it’s much more likely that uranium prices will surge. It’s the only cure for this brutal bear market in uranium. J.S.: So we could be looking at a major supply crunch in the near future? What about on the demand side? Nick Giambruno: It’s picking up. And new nuclear power plants in China, India, Taiwan, and South Korea practically guarantee that this will continue. China, which currently accounts for 8% of global uranium demand, is expected to overtake the U.S. (29% of demand) as the world’s largest uranium consumer by 2030. The country sees nuclear power as the best way to reduce its huge air pollution problem, since nuclear power is essentially “zero carbon.” J.S.: Is there anything else that could lift uranium prices? Nick Giambruno: Definitely. Donald Trump. As you probably know, Trump is strongly pro-energy. But most people don’t know that he’s pro-nuclear energy. A few years ago, he said, “I’m in favor of nuclear energy, very strongly in favor of nuclear energy.” Nuclear energy also fits right in with Trump’s “America First” platform. It’s critical for securing the country’s energy independence. This is huge. You see, nuclear power doesn’t have a great reputation. Many people associate nuclear power with meltdowns at places like Fukushima and Three Mile Island. But fears surrounding nuclear power are largely grounded in paranoia, not facts. If Trump can convince the public that nuclear power is good for the country, uranium prices could soar. Shares of uranium companies, which are some of the most beaten-down stocks in the world, could go parabolic. Overall, I can’t think of another asset with more upside and less risk than uranium. It’s every speculator’s dream, and easily my number No. 1 speculation for this year. J.S.: Good stuff as always, Nick. Thank you. Nick Giambruno: Anytime, Justin. Editor’s note: In November, Nick recommended a world-class uranium company. This stock is already up 19% in just two months. A month later, Nick “doubled down” on his bet by recommending a second uranium company. Shares of that company, a junior miner, have surged 29% since Nick recommended the stock just over a week ago. These are huge gains for such short periods. But these stocks could easily rise 5, 10, or even 20 times higher than they have already if uranium prices soar like Nick expects. Of course, you have get in front of the crowd if you want to have any shot at these kinds of life-changing returns. You have to buy uranium stocks when they’re trading for crisis prices…like they are right now. You can learn about Nick’s top uranium stocks by signing up for Crisis Investing. Click here to get started. In case you missed it: Casey Research founder Doug Casey recently sat down with Maurice Jackson of Proven & Probable to discuss his brand-new novel, Speculator. In this interview, Doug also talks about the art of speculation, the institution of government, precious metals, and more. Click here to listen.
Legal Marijuana Free Green Entrepreneur App Add to Queue State laws make a sharp distinction between “medical” and “recreational” cannabis but researchers have found those legal distinctions are much blurrier for people buying from legal dispensaries.Researchers from the Albert Einstein College of Medicine in New York and the University of Miami surveyed 1,000 adult use customers at two dispensaries in Colorado, a state that has legalized both recreational and medical marijuana, and found that most purchasers are seeking relief, not intoxication. Seventy-four percent of those surveyed said that they used cannabis to sleep better. Nearly two-thirds of respondents (65 percent) said they used cannabis to treat pain.Related: Move Aside, CBD: New Data Finds THC Is the Real Medicine in Medical MarijuanaThough the purchases were made at a “recreational” dispensary, the cannabis nonetheless replaced prescription or over-the-counter medications. Among those respondents with a history of taking prescription sleep aids, 83 percent reported either reducing or ceasing their use of those medicines. Among those respondents with a history of consuming prescription opioids, 88 percent reported mitigating or stopping their use. By similar majorities people surveyed who cited pain or sleeping problems said cannabis was “very helpful” or “extremely helpful.”Although the majority of those surveyed said cannabis helped with pain or sleeping problems, 54 percent described their health as excellent or very good. One of the researchers, Dr. Gwen Wurm, a pediatrician from the University of Miami, said the survey underscores the varied motives people have for using cannabis.”Things get a little bit muddy when we think that people only have one reason for what they do,” Wurm said. “We’re all people with many different drivers. The people telling us that they were using for pain were generally using 70 percent of the time, almost daily for pain. The ones using for sleep we’re using almost daily for sleep. But that doesn’t mean that they also weren’t using for other reasons, too.”Related: Helping Dads Discover Medical Cannabis This Father’s DayThe research findings, published in the Journal of Psychoactive Drugs, concluded that “de facto medical use of cannabis for symptom relief was common among adult-use dispensary customers and the majority reported that cannabis decreased their medication use.” The authors of the study cited other studies that found access to medical cannabis typically requires a doctor’s referral and registration in a state database become barriers for people who lack health insurance or worry that cannabis use, even with doctor’s permission, could cause employment problems. They concluded some people who might qualify for medical marijuana are choosing to simply purchase for adult use dispensaries, if they have the option.”This study helps dispel an important myth that cannabis is largely used for recreational purposes,” wrote Dr. Stephen Dahmer, chief medical officer for Vireo Health, Inc., which operates medical marijuana dispensaries. “Instead, it demonstrates what we know to be true — most Americans use cannabis to address a wide array of health and wellness issues. One of the many advantages of adult-use markets is that they offer consumers safe access to cannabis to help alleviate non-debilitating and life-threatening medical conditions. We believe that the largest long-term opportunity in the adult-use cannabis industry is “over-the-counter” product offerings in the health and wellness realm that help people deal with issues like moderate pain, stress, anxiety, and sleep.”Paul Armentano, Deputy Director of NORML, which has long advocated for ending marijuana prohibition, noted in a statement that “Several prior studies similarly show that the use of cannabis by qualified patients is associated with the reduction, or even the elimination, of certain other prescription drugs — specifically opioids — over time. These findings speak not only to the therapeutic efficacy of cannabis as an alternative analgesic option, but also to its potential role as a harm reduction agent.” Peter Page The law distinguishes between medical and recreational marijuana but most legal customers don’t. Image credit: AntonioGuillem | Getty Images Entrepreneur Staff Researchers Find ‘Recreational’ Cannabis Customers Buy Weed to Sleep Better and Treat Pain Senior Editor for Green Entrepreneur Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. 4 min read July 11, 2019 –shares Next Article Download Our Free Android App
Technology Fab Cuts 20 Percent of Staff in Fresh Round of Layoffs Next Article Opinions expressed by Entrepreneur contributors are their own. –shares Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Add to Queue Former Managing Editor 1 min read October 3, 2013 Lauren Covello Fab will slash nearly a fifth of its global workforce in a move aimed at bringing the design-based e-commerce startup closer to profitability.The company will lay off 101 employees, including 84 from its New York headquarters, Fab CEO Jason Goldberg announced on his blog Thursday.”We’ve made the tough but correct decision to eliminate positions that are either legacies of our former flash-sales business model or are part of current processes that can be managed with innovative technology and fewer people,” he wrote.This is the second round of layoffs at Fab this year. In July, just a month after closing a $150 million round of financing, the company laid off more than 100 employees in Europe.Goldberg insists the cuts are necessary to help Fab achieve its long-term vision. “I acknowledge that sometimes our near-term decisions may not always make immediate sense externally,” he wrote. “This is not one of those times.”Related: Online Startup Fab Sued for Copyright Infringement, ‘Unfair’ Competition Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Enroll Now for $5