About the authorPaul VegasShare the loveHave your say Silva safe as Everton defeat West Hamby Paul Vegas6 days agoSend to a friendShare the loveEverton eased the pressure on manager Marco Silva with an impressive win over disappointing West Ham United at Goodison Park.Silva is fighting to ease doubts over his future after four straight Premier League defeats plunged Everton into the relegation zone – but this was a vastly-improved, excellent display to earn three vital points.He made five changes from the side that lost at Burnley and was rewarded with a piece of individual brilliance from recalled Brazilian Bernard, who tricked his way into the West Ham area before beating keeper Roberto Jimenez with a clever finish after 17 minutes to set Everton on their way.Everton had numerous opportunities to extend their advantage but Roberto produced a succession of fine saves, especially from Tom Davies and Alex Iwobi, while Richarlison hit the woodwork. It was in stoppage time that second-half substitute Gylfi Sigurdsson, dropped for the first time since he became Everton’s record £45m signing in summer 2017, ended any doubts about the outcome with a magnificent 25-yard rising right-foot drive.Everton attacker Theo Walcott said at the final whistle: “The game felt like we need to start taking our chances, we had so many. It showed how good we can be going forwards. We know the quality in the team, we know what to expect from each other.”The fans were fantastic today, but then they always are. The sense of urgency was what we needed.”
Juventus watching Tottenham youngster Troy Parrottby Paul Vegas2 days agoSend to a friendShare the loveJuventus are watching Tottenham youngster Troy Parrott.The Irish teen is yet to make a first team appearance for Mauricio Pochettino in the Premier League.The striker is being earmarked as one of Spurs’ most promising youngsters and there is hope he can break into the first team before the end of the season.Calciomercato says Juventus have been impressed by the youngster and will continue to monitor his development.The report claims the Bianconeri are interested in the Irishman and are deciding on whether to make a move when the transfer window reopens. TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Port of Spain: Captain Virat Kohli said the blow to his right thumb during India’s successful run chase against the West Indies in the third ODI here has not resulted in a fracture and he “should be good” to play in the first Test starting on August 22.In the 27th over of India’s run chase, Kohli was hit on the right thumb by a Kemar Roach bouncer. The Indian captain was seen to be having some pain but after being attended to by the physio, he continued batting to lead India to a series-clinching six-wicket win. Also Read – Puducherry on top after 8-wkt win over Chandigarh”I don’t think it’s a fracture otherwise I wouldn’t have continued (batting). It’s just a split of the nail,” Kohli said at the post-match presentation ceremony on Wednesday.Asked about the condition of his thumb at the post-match press conference, he said. “Luckily, it’s not broken. When I got hit I thought it was worse than what it turned out to be. But it’s not broken so I should be good for the first Test.” Kohli hit 114 from 99 balls, his 43rd ODI century and second of the series after the 120 in the second match here, which guided India to a 59-run win under D/L method.India won the three-match ODI series 2-0.The first Test between the two sides begins on August 22 at North Sound.
WASHINGTON – U.S. builders broke ground on fewer apartment buildings last month, pushing overall home construction down 3.7 per cent from March.The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.29 million in April, lowest since December. Apartment construction tumbled 12.6 per cent to 374,000. Construction of single-family homes blipped up 0.1 per cent to 894,000.Still, housing starts are up 10.5 per cent from April 2017 on a 7.2 per cent increase in single-family homes, and a 19.1 per cent surge in apartments.Home construction has grown steadily since the housing crash hit bottom in 2012. The pace of homebuilding is still below its long-run average of about 1.5 million a year, which has led to a shortage of homes on the market. Home builders are struggling with higher prices for lumber and other building materials and a shortage of skilled labourers.A healthy job market is giving Americans the confidence to shop for houses. Millennials are increasingly moving out on their own to buy their own homesDemand for housing is strong despite an uptick in mortgage rates: The rate on the benchmark 30-year, fixed-rate home loan is 4.55 per cent, up from 4.05 per cent a year ago.“We expect housing starts to continue to gain ground through 2018, supported by positive fundamentals such as low unemployment and healthy wage increases, which are expected to offset higher mortgage rates,” Leslie Preston, senior economist at TD Economics, wrote in a research note. “At the same time, tight inventories and rising prices will continue to support homebuilding.”In April, housing starts fell 16.3 per cent in the Midwest, 12 per cent in the West and 8.1 per cent in the Northeast. They rose 6.4 per cent in the South.Building permits, an indicator of future construction, fell 1.8 per cent in April to a seasonally adjusted 1.35 million.
An unusual “killer” frost has caused widespread damage to crops in the Maritimes, with everything from Nova Scotian wine grapes to Island asparagus harmed by a sharp plunge in spring temperatures.Farmers were beginning to assess the toll from the June cold front that hit Monday, as word came from Environment Canada of yet another frost advisory for early Thursday in all of Atlantic Canada.“It’s the beginning of the year and it’s a bad time for something like this to happen, just as the growing season begins,” Keith Colwell, Nova Scotia’s minister of agriculture, said in a telephone interview Wednesday.Gerry McConnell, founder of Benjamin Bridge vineyards, said the frost caused significant damage to his wine grapes in the Gaspereau Valley.“The temperatures across Nova Scotia did drop down to -2 C and in some places -4 C. Those are killer frost temperatures,” he said.“But it happened in variable ways … Some vineyards were hit much harder than others.”Curtis Millen, a strawberry and blueberry farmer in Great Village, N.S., has been trying to rescue his crops from a series of cold, wet days that included Monday’s frost.He has a water system to warm the buds of his strawberries, but which caused the plants to be caked in ice Monday morning. Photographs of plants on the morning the temperatures plummeted show strawberry leaves shining under a coat of ice.He now needs days of sun to dry out the fields and allow the crops to absorb nutrients.“We’ve got damage from frost and we have damage also from overhead irrigation trying to keep the frost off and wetting the plants to death,” he said Wednesday as he worked on his roughly 80 hectares of strawberries about 30 kilometres northwest of Truro.He estimated one-third of his strawberry crop would be damaged, adding that other farmers without the overhead, anti-frost immigration system have incurred much greater losses. His blueberry losses are even more extensive, he said.Ian Hubbard, a meteorologist at Environment Canada, said record lows were set early Monday. In Kentville, N.S., it dropped to almost -2 C, marking a huge shift from the 28 C high on Friday that had set off a growth spurt in a wide variety of crops before the frost hit.Mathew Vankoughnett, a researcher with the applied geomatics research group at Nova Scotia Community College, says such a rapid temperature flip is rare.His research indicates that Greenwood, N.S., in the centre of the Annapolis Valley, only had one similar episode in 1978 when temperatures fell below 0 on June 2.“We expect this type of spell to occur in April and maybe early May, but not June,” he said in an email.Larry Lutz, president of the Nova Scotia Fruit Growers Association, has an apple farm south of Berwick in the Annapolis Valley. He said his Rockland farm and others at higher elevation suffered little to no damage as a result of the freeze, but added it was a different story for farms at lower elevations.“On the valley floor it hit between -3 C and -5 C, which at that point you would see in excess of 90 per cent damage,” he said. “So the growers on the valley floor suffered significant damage.”Lutz said cherry, plumb and pear growers are experiencing the same problems.He said he examined one pear farm Wednesday, finding it likely lost all but 10 to 20 per cent of the crop.McConnell, who is also the vice-chairman of the Winery Association of Nova Scotia, said many of the province’s roughly 15 vineyards were also affected, with harm varying from complete devastation to minimal damage.He said it will be several weeks before he can estimate the extent of the damage to the crops, in part because it remains to be seen how secondary and tertiary buds will fare.In P.E.I., Matt Hughes with the Island’s federation of agriculture in Charlottetown, said damage is being tallied up.“I lost the remainder of my asparagus crop. The frost ended my asparagus crop pretty abruptly. I started a few weeks ago and got some harvest off,” he said in an interview from his farm at Kellys Cross, 30 kilometres east of Charlottetown.“We had two major frosts here and it’s ruined three of my four cutting dates. I would have had four harvests before this frost.”Hughes said farmers grow used to some of the challenges associated with weather fluctuations, but this spring has been especially tough.“I grew up on a farm and we always get up and down years, but this seems to be an extreme year.”— With files from Alison Auld and Keith Doucette.
LOS ANGELES, Calif. – Traffic-weary baseball fans could someday travel to and from Dodger Stadium on a public transportation system underneath Los Angeles — if Elon Musk’s latest bold plan comes to fruition.The billionaire’s Boring Company tweeted a proposal Wednesday for autonomous, zero-emissions electric sleds that would run through a tunnel between the stadium and a location in the city’s Hollywood area.The company says the so-called Dugout Loop system would be privately funded and not require tax money.Mayor Eric Garcetti tweeted that it’s exciting to see innovative ideas aimed at reducing traffic on LA roads.A proposal to build a gondola from Union Station to Dodger Stadium was announced in April.Musk is currently building a test tunnel from his SpaceX rocket plant to a point near Los Angeles International Airport.
New Delhi: India’s northern and eastern states saw a rapid decline in usable groundwater between 2005 and 2013, raising an impending risk of severe droughts, food crisis, and drinking water scarcity for millions of people, researchers have found.A team from the Indian Institute of Technology (IIT) Kharagpur, West Bengal and Athabasca University, Canada, compiled the first estimates of usable groundwater storage (UGWS) at the state-level across all of India using both in situ and satellite-based measurements. Also Read – Uddhav bats for ‘Sena CM’Groundwater-level data was used from 3,907 in situ monitoring wells across the country and the total UGWS was estimated between 2005 and 2013. The estimate shows rapid depletion of UGWS in Assam, Punjab, Haryana, Uttar Pradesh, Bihar, and West Bengal. In these areas, increases in agricultural food productions have resulted at the cost of non-renewable loss in groundwater volume at an alarming rate, the researchers wrote in the study published in the journal Advances in Water Resources. Also Read – Farooq demands unconditional release of all detainees in J&KOn the other hand, southern and western Indian states like Andhra Pradesh, Maharashtra, Gujarat, Chattisgarh show replenishing usable groundwater storage trends. Earlier works by the government agencies have only been able to estimate the total groundwater, only a part of which is usable for human purposes, said lead researcher Abhijit Mukherjee, Associate Professor Hydrogeology, Department of Geology and Geophysics, IIT Kharagpur. “The estimates show rapid depletion of usable groundwater storage during 2005-2013 in most of northern parts, losing 8.5 cubic kilometre per year (km3/year) of total groundwater, and eastern parts which lost 5 km3/year of total groundwater,” Mukherjee told PTI. He emphasised that more than 85 per cent of the groundwater usage in India is linked with irrigation abstraction practices. India is the largest user of groundwater in the world. It uses an estimated 230 km3 of groundwater per year — over a quarter of the global total. Groundwater being an essential natural resource for irrigational water supply during non-monsoonal months, large-scale depletion could have unforeseen consequences in future food security, said Mukherjee. “Underground water is definitely declining in Rajasthan at faster rate. There are pockets in UP which have seen a dip in groundwater table as well,” agreed Dr N C Ghosh, former Head of Hydrology, National Institute of Hydrology (NIH), Roorkee, who was not involved in the study. The problem, Ghosh said, is compounded by over-exploitation of the ground water. “About 85 per cent of rural drinking water needs and 65 per cent of irrigation needs and 50 per cent of urban drinking water and industrial needs are fulfilled from the ground water,” he said. Mukherjee noted that rapid depletion in UGWS would accelerate the decline in food production and availability of drinking water, two of the prime goals of achieving UN Sustainable Development Goals 2030. “More than 120 million people would get affected only in the Gangetic states,” he said. The study combined borehole data from Central Ground Water Board, rainfall data and satellite data from NASA’s Gravity Recovery and Climate Experiment (GRACE), a pair of satellites launched in 2002. A northeastern state like Assam, which was regarded always as water-affluent, has lost two per cent of its usable groundwater resource, and is at the brink of suffering drought and famine in impending years, said researchers, including first author Soumendra N Bhanja from Department of Geology and Geophysics, IIT Kharagpur. PTI
New Delhi: The Congress on Friday moved the Election Commission against Prime Minister Narendra Modi and BJP President Amit Shah for allegedly “dragging” the armed forces in politics repeatedly. Congress leaders Abhishek Manu Singhvi and Randeep Singh Surjewala also raised the issues of Union Minister Smriti Irani submitting “contradictory affidavits” to the Election Commission on her educational qualifications and also about a web series on Modi. Also Read – India gets first tranche of Swiss bank a/c details Talking to the media after meeting the EC, Singhvi said PM, the President of the ruling party and its other leaders are “shamelessly dragging the armed forces for cheap politics.” “Never in the history has this happened,” he said, adding the web series on Modi is also a violation of the Model Code of Conduct as it is biographical in nature and it should be banned immediately. “If the person makes another violation, he/she should be barred from two days of campaigning, similarly three and four days for the third and fourth violation,” he said. Also Read – Tourists to be allowed in J&K from Thursday Speaking about Irani’s qualification, Surjewala said the Congress is not commenting on her qualification, saying they believe that even the illiterate can also hold high positions. “But the question is the people have been cheated and the Minister has lied to them about her qualifications.” The Congress has submitted a memorandum to the EC over Irani “repeatedly lying” about her qualifications. “There is no information about the degree of the PM and also his favourite minister Irani. There are no classmates of the PM and Irani who are coming out. This is a very serious issue as the people have been cheated repeatedly.” Surjewala demanded that the EC should disqualify Irani for changing her qualifications multiple times. He also said that there should be a strict action and Union Minister Maneka Gandhi should be sacked for her remarks and for “dividing people”. Addressing an election rally, she had said that she would like to win without support of Muslims and would not want to give jobs to them if they did not vote for her. The party also urged the Election Commission to issue directions to all Chief Electoral Officers, booth level officers and other election officials to ensure proper functioning of EVMs during the Lok Sabha elections. It also sought immediate investigation into the malfunctioning of the EVMs and other issues reported from various parts of the country during the first phase of polls on April 11. It said posters of Gen VK Singh were posted right outside a polling station. The party also alleged that BJP candidate from Tehri Garhwal parliamentary constituency “printed voter slips on her election pamphlet”. The party said it was making fifth request for “urgent and necessary” intervention against Modi’s “continued and brazen violation” of the Model Code of Conduct and in particular the “hateful and divisive comments by him”, Shah and UP Chief Minister Yogi Adityanath in election rallies at Nanded, Nagpur and Meerut. In its representation against Irani, Congress called for immediate action for filing “false affidavit”, saying it attracts “up to six months imprisonment and/or fine”.
Darjeeling: A step by step approach has been adopted for the conservation of red pandas. Reintroducing zoo bred pandas in the wild is the main objective of this. As a step in this direction a workshop titled “Red Panda Global Species Management Plan was flagged off in Darjeeling.”We are working towards releasing four captive-bred red pandas in the Singhalila National Park in September or October this year,” said Vinod Kumar Yadav, member secretary, West Bengal Zoo Authority and Additional Principal Conservator of Forests, Government of West Bengal. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaPreparations are on for this. “We have already submitted plans for this to the Government of India. Genetic studies; DNA finger printing, habitat evaluation, including satellite mapping, drone images are being combined for this project,” said Yadav. The red pandas will first be released in a special enclosure in Gairibas following which they will be released in the wild. “The conservation programme is a step by step approach. Last year we had a national level workshop involving the Central Zoo Authority and the states like West Bengal, Sikkim, Arunachal Pradesh, Uttarkhand. The national workshop paved way to this four-day long global programme which is now being held in Darjeeling. After we successfully introduce red pandas in the Singhalila National Park our next goal will be to introduce them in Neora Valley. This is how we plan to augment the panda population in the wild,” added Yadav. Also Read – Bengal civic volunteer dies in road mishap on national highwayA 17 crore programme for 10 years named Special Survival Plan is underway. The expansion of the special breeding facility at Tobgaydanra, Darjeeling is also covered under this programme. In order to introduce fresh blood lines in the captive breeding programme in the Darjeeling zoo, red pandas will be brought in from foreign countries including Australia. The Padmaja Naidu Himalayan Zoological Park (PNHZP) popular as the Darjeeling Zoo, is the coordinating zoo for the red panda breeding programme (Project Red Panda) in India. The project was initiated in 1990. At present there are 13 female and 8 male red pandas. In 1999, a pair of zoo bred red pandas — Minnie and Sweetie — were released in the forests of Gairibans below Sandakphu. Again in September 2004 another pair Neelam and Dolma were released in the wild in September 2004. Later Sweetie was found to have given birth to a cub in the hollow of an oak tree, thereby bringing the Project Red Panda to a full circle. A red panda census had been launched in 2018. “The census is being conducted in two parts. We have physically identified the red pandas individually, found their nests. In the other part genetic analysis is being done from the scat of red pandas. In this way we will come out with the red panda population” stated Ravi kant Sinha, Principal Chief Conservator of Forest (Wildlife.) Representatives including experts from USA, Holland, Australia, Hungary, Singapore and Nepal are attending the 4 day long conference in Darjeeling.
Colin McLeodFormer NBCUniversal (NBCU) European channels chief Colin McLeod will succeed Jeff Ford as managing director of Fox Networks Group UK.The new post comes just over a year since DTVE sister title TBI revealed McLeod was leaving NBCUniversal International Networks after a decade.McLeod begin his new post today in a part-time capacity before transitioning to a full time role in the spring.Previous UK channels chief Ford remains with the 21st Century Fox-owned broadcaster in a supporting capacity as a first original drama, Deep State, launches. He will retire after that has rolled out across Europe and Africa.At NBCU, McLeod was most recently MD of the UK and emerging channels, overseeing a 150-strong team and channels brands such as Universal Channel and Syfy.He had joined NBC when it bought UK-based channels group Sparrowhawk Media in 2007, where he was commercial director, and has also worked for BBC Worldwide and Travel Channel in marketing and affiliate sales.McLeod remained working for NBCU in a consultancy capacity after he left his post. Lee Raftery replaced him as MD of the UK and emerging markets.“Colin’s blended background offers a well-rounded and hugely valuable experience to our business and we have no doubt he will step into the role and immediately have an impact,” said Diego Londono, COO of Fox Networks Group Europe and Africa.The news comes soon after DTVE sister title TBI revealed former Fox programming chief Toby Etheridge joined Warner Bros. International Television Distribution. Shoshanna Wilson has replaced him.Fox’s UKpay TV business includes the Fox channel, National Geographic, Nat Geo Wild and BabyTV.The wider regional business operates 151 channels and has 25 offices.
In This Issue.*Dollar bias throughout Friday. *Currencies & metals try to rebound today. *Aussies still forecasting budget surplus. *IMM short dollar positions increase.And, Now, Today’s Pfennig For Your Thoughts!Corporate Profits Plateauing?Good day. And a Marvelous Monday to you! Well. it was an absolutely beautiful weekend, weather-wise, here in St. Louis, too bad it was an absolutely awful sports weekend, with the Cardinals falling on their collective faces, and the Rams losing again! UGH! But the weather is here, I wish you were beautiful, as Jimmy Buffett says. And with that, it’s on to what you opened the letter to read.The Friday action in the currencies and metals began the day with a bias to buy U.S. dollars, and that remained in place as we finished the week on a high note for the dollar. Gold got taken down again on Friday. You can’t tell me it was anything other than a manipulated take down! And given the grotesque large short positions that the price manipulators hold, there could be even more downward movement in Gold & Silver. But. one has to wonder if they (price manipulators) have the intestinal fortitude to conduct another take down at this point, I mean their take down on Friday brought Gold & Silver below their 50-day moving averages. I think if they go for more downward movement, that even the CFTC will be able to see it for what it is.The currencies & metals are attempting to rebound this morning, but the upward moves have been small to this point. But there’s not much in the way of news that would cause this turn-around. An ECB (European Central Bank) member told reporters over the weekend that the ECB oversight for Eurozone banks would be gradually phased in during 2013. There will be much “back and forth” even between Eurozone members on this ECB oversight, but it’s coming. Besides that news, the data cupboard for Europe is pretty bare until later this week, so the euro will be on its own, and of course any words that swing it one way or the other, by speakers, of which there appears to be quite a few in the next few days. Spain still hasn’t requested assistance, and pretty soon, the markets are going to forget about Spain, and move on to someone else.Could that someone else be the U.S.? Well. that’s been the M/O of the markets for some time now. We are about 2 weeks away from a Presidential election here in the U.S. and we’re also about 2 weeks away from dealing with a debt ceiling again. This debt ceiling problem has taken longer to get here than I thought it would, when I first mentioned it this last spring. I thought for sure that by the end of August, we would be having those wonderfully joyous discussions about raising the debt ceiling! But NOOOOOOO! But it will get here, soon.Speaking of U.S. debt. I was doing some research for an article that I’m writing on Debt, and what to do with it. When I came across 3 things that makes you stop and scratch your head, wondering why we do this when we don’t have the funds to pay for it? And. don’t get mad at me about the time frames here, this is how the data was presented.1. Welfare spending has topped $1 Trillion per year2. There has been a 64% increase in the Food Stamp Program in the last 4 years3. There has been a 114% increase in the Food Stamp Program costs in the last 4 years.Now. last week I made a generalization about people receiving Gov’t assistance. And I apologize for that generalization. And discretionary spending, like these programs aren’t going to make or break us. But the general thought on my part is simply, if we don’t have the funds to pay for something, we don’t buy it. no spending without funds in the bank. if we follow that , we can at least slow down the annual additions to the national debt.Did you see this weekend’s Pfennig & Pfriends? It was a video of the Big Boss, Frank Trotter’s presentation at the Freedom Fest this year. In the presentation, Frank shows why we believe that the dollar is in for a long term problem, given the Gov’t’s propensity to want to devalue the dollar to pay back debts with cheaper dollars. OK. Japanese leaders must be jumping with joy, as the Japanese yen is finally showing some weakness. Japanese yen moved through its 200-day moving avg (DMA) last night, and is sliding toward 80. I think if we see yen go through the 80 figure, we could very well see a prolonged slump for yen, and one that I’ve been waiting to see for some time now. I haven’t read anything that says that the Bank of Japan (BOJ) was in selling yen, so this is just investors, traders, hedge funds, growing tired of waiting for further movement (stronger) in yen, and deciding to blow out of positions.In Australia overnight, the Aussie Treasurer, Swan, released the Mid-year Economic and Fiscal Outlook reports. The good news in the report is that the Aussies are still forecasting a budget surplus in the current fiscal year. Cool beans! Now. one would think that investors would find this to be a good reason to buy Aussie dollars (A$) but not today, thank you! And I told you previously about how the markets are forecasting more rate cuts for next year, with the total being around 75 Basis points (3/4%) . I’m of the opinion that these forecasts are too aggressive, but I wouldn’t rule out rate cuts next year. The reason I’m of the opinion that these forecasts are too aggressive, is I truly believe that China has turned the corner, and by next spring, when I head off to Cardinals Spring Training, it will be very evident that China is growing and demanding raw goods and materials again. and we all know who they go to for these raw materials, right? That’s right Australia.I was dong some reading this weekend, and came across an article that expressed what I truly believe to be the upcoming case. And that is the Corporate Earnings in the U.S. will begin to show rot on the vine. The reason I believe this, is you can only squeeze so much blood from a turnip. In other words, most of the profits they had been booking for the past couple of years, came as a result of reduced overhead, and not improving machinery, etc. David Nicklaus of our St. Louis Post Dispatch said it best.. “The plateauing of profits isn’t a surprise. Cost-cutting efforts generated much of the boom, and there’s a limit to how much efficiency companies can squeeze out of their workers and equipment.”Going further with the thought that company profits have topped out, you have to think about how the U.S. economy is growing at less than a 2% clip, and now the multinational companies have a recession in the Eurozone and a slowdown in China to contend with. Sure, the QE3 stimulus can give life support here for a while. but as I previously stated about QE3. I think the markets, and the people have become comfortably numb, and QE3 doesn’t have the same bang for the buck as the previous rounds of Quantitative Easing. This is similar to what Japan found out nearly 2 decades ago. But, here in the U.S. our Fed Heads don’t believe that we’re on the same road that Japan went down and that “our QE is different”.The IMM futures positions report from last week, showed that dollar short positions rebounded, this after two weeks of being closed out. The euro was the biggest beneficiary of these dollar short positions, and the record level of Canadian dollar long positions were pared back after the dovish comments by Bank of Canada Gov. Carney.And U.S. Existing Home Sales fell by 3.3% in September. This obviously gives us conflicting thoughts on the Housing Market, as New Home starts were stronger. Home prices rose in September from a year ago, by 11.3%… And THAT, my friends, is probably why the Home Sales fell.Then There Was This. From The Economist. “The renminbi / yuan is displacing the dollar as a key currency. In a speech on the same day, a deputy governor of China’s central bank pointed out that China no longer hovers up dollar reserves with its past abandon. And according to a new study by Arvind Subramanian and Martin Kessler of the Peterson Institute for International Economics in Washington, DC, the dollar’s influence is waning in the emerging world. Currencies that used to shadow the greenback are no longer following it so closely. Some are floating more freely. But in other cases they are steadily falling under the spell of a different currency: the yuan.The greenback has in the past played a dominant role in East Asia. But if anything, the region is now on a yuan standard. Seven currencies in the region now follow the yuan, or redback, more closely than the greenback.”Chuck again. Well, this doesn’t surprise me. for you’ll remember that I was the first to say that the Chinese were making moves to replace the dollar standard. it now appears that, especially in Asia that the renminbi/ yuan will continue to grow in stature as its economy and trading activity grow in size, once again.To recap. The bias to buy dollars held true throughout Friday’s trading session, but appears to be giving back gains this morning. That is, except the Japanese yen, which is showing the rot on its vine as it heads toward 80. Dollar short position is futures increased last week, reversing the previous two weeks of dollar short positions being pared back. U.S. Existing Home Sales fell 3.3% in September, and Chuck talks about U.S. debt again. and again. and again.Currencies today 10/22/12. American Style: A$ $1.0330, kiwi .8185, C$ $1.0065, euro 1.3070, sterling 1.6050, Swiss $1.0805, . European Style: rand 8.6170, krone 5.65, SEK 6.5715, forint 213.50, zloty 3.1410, koruna 19.0585, RUB 30.89, yen 79.80, sing 1.2215, HKD 7.75, INR 53.47, China 6.2540, pesos 12.85, BRL 2.0265, Dollar Index 79.50, Oil $90.58, 10-year 1.79%, Silver $32.32, and Gold. $1,726.15That’s it for today. Well. it comes down to Game 7 tonight in San Francisco. I couldn’t watch the game unfold last night, turned it off and went to bed. So frustrating. I guess we’re having our “Indian Summer” as the days are very warm. I’m sure that will change quickly! The 3 grandkids were over Friday night, my two grandsons, Everett and Braden, (about 6 months apart) are beginning to acknowledge each other, and they are off doing something. In a couple of years, they are going to be a handful! Friday night, all our neighbor friends showed up at the patio door to watch the game with me. A great surprise! We had fun, even though the Cardinals lost! Alvin Lee is playing “I’m Going Home” on the iPod, right now, which tells me it’s time to get this out the door! So. I hope you have a Marvelous Monday!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.com
The price pattern in silver was similar, except the sell-off after the price spike in New York on Thursday evening was much more intense—and the spike low didn’t occur until around 11:40 a.m. EDT in New York trading. The price bounced back quickly, but then traded quietly higher into the close. JPMorgan et al obviously wasted little time in getting silver back below the $21 spot price mark. The high and low tick were recorded as $21.315 and $20.78 in the September contract. Silver closed in New York yesterday at $20.89 spot, down 27 cents from Thursday’s close. Volume, net of July and August, was 36,000 contracts. When it does, it will be ugly The gold price showed signs of going parabolic in what had all the hallmarks of a ‘no ask’ market shortly after trading began at 6 p.m. EDT in New York on Thursday evening. But, as I mentioned in The Wrap yesterday, “da boyz” were at the ready—and within a couple of hours, the gold price was in full retreat. The low tick came about 9:15 a.m. in New York yesterday morning—and from there the price chopped quietly higher until shortly before 2 p.m. EDT. From there it traded basically flat into the 5:15 p.m. close. The high and low tick were recorded by the CME as $1,325.50 and $1,305.00 in the August contract. Gold closed in New York on Friday at $1,310.90 spot, down $7.30 from Thursday’s close. Volume, net of roll-overs, was around 98,000 contracts. The CME Daily Delivery Report showed that 25 gold and zero silver contracts were posted for delivery within the Comex-approved depositories on Tuesday. I was happy to see that after two days of withdrawals from GLD, there was an increase yesterday—as an authorized participant added 57,741 troy ounces. And as of 8:16 p.m. EDT yesterday evening, there were no reported changes in SLV. To tell you the truth, dear reader, I’m not expecting to see any deposits into SLV for a considerable period of time, as the authorized participants are still attempting to cover their short positions in lieu of metal they never deposited during the June rally. The U.S. Mint had a tiny sales report yesterday as 1,000 troy ounces of gold eagles were sold—and 30,000 silver eagles. Month to date the mint has sold 24,500 troy ounces of gold eagles—4,000 one-ounce 24K gold buffaloes—and a pitiful 1,025,000 silver eagles. Ted Butler nailed this a month ago, as it’s obvious to anyone who wishes to objectively examine the U.S. Mint data, that silver eagles sales have crashed by at least two thirds in July, as the ‘big buyer’ that has been sucking up silver eagles [and Canada’s silver maple leaf] for the last several years, has obviously stepped away from the table for the moment. Whether this is going to turn into a permanent withdrawal remains to be seen—and because the Royal Canadian Mint only provides quarterly sales reports for their bullion products—we won’t know what’s going on there for about another three months. But the crashing silver eagles sales don’t bode well for silver maple leaf sales going forward, either. It’s certainly my suspicion that it’s the same buyer at the trough in both. Over at the Comex-approved depositories on Thursday, there was a decent amount of gold received—103,561 troy ounces to be exact. Virtually all of it went into the Manfra, Tordella & Brookes, Inc. depository. Nothing was reported shipped out. The link to that activity is here. It was another big day in silver again, as nothing was reported received, but 999,492 troy ounces were shipped out the door. All the activity was at the CNT Depository—and HSBC USA. The link to that action is here. Since the 20th of the July falls on a weekend, the always punctual and predictable Central Bank of the Russia Federation updated their website with June’s data on Friday. Included in that update was the amount of gold bullion they purchased for their reserves that month. It turned out to be a chunky 500,000 troy ounces. It was more or less the same chart pattern in the silver stocks, but because “da boyz” were more aggressive with silver to the downside, the rally off their 1:30 p.m. lows was only able to get Nick Laird’s Intraday Silver Sentiment Index back up to a loss of 0.70%. The gold stocks gapped down a bit less than 2 percent at the open—and then chopped sideways until the 1:30 p.m. Comex close. A rally commenced at that point which lasted right into the close, as the HUI cut its losses on the day to only 0.30%. Platinum spiked up as well, but also got sold down until about noon in Zurich. The subsequent rally ended/got capped shortly before 9 a.m. in New York—and from there it got sold down to its low of that day, around 1 p.m. EDT. From there it rallied a few dollars into the close. Platinum closed down 13 bucks on the day. The palladium price chart was a mini version of the platinum price chart. Palladium closed down only 5 bucks from Thursday’s close. In the last three months, the central bank has purchased 1,500,000 troy ounces of gold, which is pretty close to 100 percent of their own production. If you look at Nick Laird’s excellent chart above, you’ll note that Russia has stepped up its gold purchases in the last three months. One wonders if that has anything to do with the Crimea/Ukraine situation? Now if they could be convinced to buy all their silver production as well, then the fox would certainly be amongst the pigeons, as Russia’s 1,700 tonne yearly production represents a bit over 6.5 percent of yearly world silver production, which is a material amount. Well, the Commitment of Traders Report for positions held at the close of Comex trading on Tuesday, July 15 was certainly not what I had hoped for, at least in silver. The Commercial net short position in silver increased again, this time by 678 contracts, or 3.4 million ounces. The Commercial net short position now sits at 293.5 million troy ounces. The Big 4 trader’s short holdings [read JPMorgan] increased by around 1,200 contracts—and Ted Butler pegs JPMorgan’s short-side corner in the Comex silver market at about 19,000 contracts, or 95 million troy ounces. The ‘5 through 8’ largest short holders covered about 3,000 contracts of their short position during the reporting week. In gold, the Commercial net short position actually improved by 9,097 contracts, or 909,700 troy ounces. The Commercial net short position in gold has obviously declined by that amount—and is down to 15.69 million troy ounces, which is still a horrendously large number. The 8 largest short holders added 1,000 contracts to their short positions—and Ted says that JPMorgan sold another 3,000 contracts during the reporting week—and their long-side corner in the Comex gold market continues to shrink, and is now down to 2.2 million troy ounces, or 22,000 Comex contracts. Ted said—and I agree—that probably not all of the decline on Monday and Tuesday was reported to the CFTC in a timely manner, so hopefully there’s some spill-over into next Friday’s Report. If that doesn’t prove to be the case however, it’s a given that next Friday’s COT Report will be even uglier than even I imagined it might be, because in my comments in The Wrap yesterday, I stated that JPMorgan et al threw everything they had at that spike in gold and silver prices in New York Thursday morning. That data alone should be enough to curl your hair. Of course we have two more reporting days between now and the Tuesday cut-off—and anything can happen between now and then—but as it stands at the moment, the next COT will be pretty horrific, because almost the entire technical fund short positions in both metals are still in place, plus there will be more to add. This does not bode well for gold and silver prices somewhere down the road. Here’s Nick Laird’s “Days of World Production to Cover Comex Short Positions“—and it looks just as grotesque as it always does in all four precious metals. It’s also obvious that the situation in the precious metal market—and particularly in silver—is getting stranger by the day. 1] There’s no physical silver available to deposit in SLV, so the authorized participants have had to short the shares in lieu of depositing real metal. 2] The frantic in/out movement in silver within the Comex-approved warehouse system is approaching the absurd. According to Ted Butler’s calculations from the Comex warehouse reports, the extrapolated turnover year-to-date is somewhere between 200 and 300 million troy ounces per year at the moment. 3] The big buyer of silver eagles [and probably silver maple leafs as well] has stepped away from the table. Silver eagles sales have imploded as a result—and we’ll find out in October whether the same applies to silver maple leafs. 4] The silver charts show a neutral RSI, but the Commercial net short position is sky high—and back where it was about four years ago—and the technical funds net long positions are almost at a record high. 5] With all of this going on, silver is sitting under $21 the ounce—and below the cost of production of most primary silver producers. One can scarcely imagine what the price will be when JPMorgan et al get through harvesting this near-record technical fund long position for fun, profit and price management purposes. How all this is going to resolve itself—and over what time period—is unknown, but when it does, it will be ugly. How did it come to this? After almost twelve hours of writing this column, I’m done for the day—and the week. Enjoy what’s left of your weekend—and I’ll see you on Tuesday. I have a decent number of stories for you today—and I hope you can find the time in what’s left of your weekend to read the ones you like. “The herd instinct among forecasters makes sheep look like independent thinkers.” – Edgar R. Fiedler, author of The Three Rs of Economic Forecasting—Irrational, Irrelevant and Irreverent Today’s pop ‘blast from the past’ is by a Canadian rock group that needs no introduction, as their name is known world-wide. This hit dates from the early 1970s—and has an unusual story behind it. The link is here. Today’s classical ‘blast from the past’ is an old chestnut from Peter I. Tchaikovsky. It’s the Polonaise from his opera Eugene Onegin. I’d be the most surprised person in the world if you haven’t heard this piece in one form or another during your lifetime. The link is here. Except for the brief price spikes shortly after the precious metal market opened early in Far East trading on their Friday, it was a nothing sort of day all around. But it should be obvious to all but the willfully blind that “da boyz” were involved in gold and silver yesterday when they had to be. Here are the 6-month gold and silver charts updated with Friday’s data. Sponsor Advertisement The dollar index closed at 80.53 late on Thursday afternoon in New York and, like Thursday, didn’t do much during its respective trading session. It chopped sideways in a 2 basis point range until around 9:40 a.m. EDT, when a spike took it up to 80.68—but by 2 p.m. it was back to unchanged on the day—and that’s where it closed, at 80.53. That’s the third day in a row that the dollar index has closed at that value. Here’s the 3-day chart so you can see it for yourself. Avrupa and Antofagasta intersect copper-rich VMS in Pyrite Belt, Portugal • First Greenfields discovery of massive sulfide mineralization in 20 years in the Iberian Pyrite Belt • 10.85 meters of massive and semi-massive/stockwork sulfide mineralization grading 1.81% Cu, 2.57% Pb, 4.38% Zn, 0.13% Sn, and 75.27 ppm Ag • Including 7.95 meters @ 2.21% Cu, 3.05% Pb, 4.82% Zn, 0.15% Sn, 89.8 ppm Ag • Followed by 2.90 meters @ 0.71% Cu, 1.27% Pb, 3.17% Zn, 0.092% Sn, 35.4 ppm Ag • Avrupa and Antofagasta sign an amended Joint Venture Agreement Please visit our website to learn more about the company and current exploration program.
Discount-49%-36%-34% Looking at this table, emerging market stocks might seem like a no-brainer. But let’s be honest…• You should have to pay more for U.S. stocks…After all, the United States is still the most powerful and stable economy on the planet. And investors pay premiums for safety.Emerging markets, on the other hand, are far less stable.China, the world’s biggest emerging market, is a communist country. Brazil, another huge emerging market, has had five currency crises in the last eight decades.In short, emerging market stocks come with heavy baggage. Because of these risks, many investors want to “be paid extra” for owning emerging markets. They want better returns or higher yields.With this in mind, you have to ask yourself: Are emerging market stocks worth the risk?• Emerging market economies are growing rapidly…According to the International Monetary Fund (IMF), emerging markets grew 4.1% last year. For perspective, the U.S. economy grew 1.6%.This year, the IMF expects emerging markets to grow 4.5%. It expects the U.S. economy to grow 2.3%.For 2018, the IMF projects that emerging markets will grow 4.8%, compared to 2% for the U.S. economy.In other words, emerging market stocks are cheap and offer more growth potential. This is what every investor looks for.But this has been true about emerging markets for years. And yet, they’ve basically done nothing while U.S. stocks have soared to record highs.What would make this time any different?• Commodity prices have taken off…Palladium is up 14% this year. Silver’s up 12%. Copper has gained 9%.Keep in mind, commodities have been falling for the better part of the last six years. The Bloomberg Commodity Index (BCOM), which tracks 22 commodities, declined 58% between April 2011 and last January. Since then, it’s up 21%.This has given emerging market stocks a huge boost.You see, countries like Brazil, Russia, Venezuela, and Saudi Arabia export far more commodities than they import.When commodities rise, these exporters make more money. Their economies grow faster. Their stock markets climb higher.Higher commodity prices could be the catalyst that emerging market stocks have been waiting for. But that doesn’t mean you should blindly invest in them.Tomorrow, we’ll tell you what we don’t like about emerging market stocks.At the end of that issue, you’ll know whether emerging market stocks deserve a spot in your portfolio.Chart of the Day: How “Broad” Is Your Exposure?China is driving the rally in emerging market stocks.Earlier we told you that China is the biggest emerging market economy. It’s also by far the largest holding in EEM. It makes up 26% of the index. It has more impact on the fund than India, Brazil, Russia, and Mexico combined.The chart below shows the performance of the iShares China Large-Cap ETF (FXI), which tracks large Chinese stocks, since last April. If it looks familiar, it’s because FXI has moved almost in lockstep with EEM over the same period.This is important to understand.You see, a lot of investors buy emerging market ETFs thinking they’re getting broad emerging market exposure. But many of these funds are heavily concentrated in big countries like China.In short, if you own EEM, you’d better be bullish on China.Regards,Justin SpittlerDelray Beach, FloridaFebruary 16, 2017We want to hear from you.If you have a question or comment, please send it to firstname.lastname@example.org. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. EEM1.3411.871.31 S&P 5002.6518.681.97 Emerging market stocks have been “dead money” for almost a decade.Emerging markets are countries that are on their way to becoming “developed” like the United States or Germany. Brazil, Russia, India, and China—the so-called “BRIC” countries—are the biggest emerging markets.More than 80% of the world’s population lives in these countries. Since 2008, these economies have accounted for 80% of the growth in global economic trade and output.You would think this would have made them great investments. But emerging markets have actually been a horrible investment lately…Take a look at the chart below.It shows how the iShares MSCI Emerging Markets ETF (EEM), which tracks more than 800 emerging market stocks, performed from 2007 through 2015. You can see that it went nowhere.You would have actually lost about 0.15% of your money if you held EEM over this period, and that includes dividends.• Because of this, many investors have given up on emerging market stocks…But that could soon change.Last year, EEM gained 8.6%. It was its first annual gain since 2012.This year, it’s already up 10%. That’s more than double the S&P 500’s 4% gain.More importantly, it looks like EEM just “broke out.” Below, you can see it recently bucked a downtrend it’d been stuck in since early September.• This is good news for emerging market stocks…As we often point out, stocks usually keep rising after a breakout like this.And that’s exactly what EEM’s done. It’s rallied about 6% since piercing its downtrend.It’s now at the highest level since July 2015.Of course, you probably want to know if emerging market stocks will keep rising.Over the next couple days, we’re going to try to answer that question.We’ll dive deep into the fundamentals of emerging market stocks. We’ll look at the good and the bad. By the end, you’ll know if emerging market stocks are right for you.Let’s start with what we like about them…• Emerging market stocks are much cheaper than U.S. stocks…You can see this in the table below.This table compares EEM with the SPDR S&P 500 ETF (SPY), which tracks companies in the S&P 500.EEM’s price-to-book (P/B) ratio is 49% lower than SPY’s P/B ratio. Its forward price-to-earnings (forward P/E) ratio is 36% lower. It’s also 34% cheaper according to the price-to-sales (P/S) ratio. Price/Book(P/B) Forward Price/Earnings(Forward P/E)Price/Sales(P/S)
An E. coli outbreak that sickened people in 36 states and triggered warnings not to eat romaine lettuce this spring has been traced to water in a canal in the Yuma, Ariz., region – and the outbreak is now officially over, federal officials say.”Suspect product is no longer being harvested or distributed from this area and is no longer available in stores or restaurants, due to its 21-day shelf life,” the Food and Drug Administration says.Five people have died because of the outbreak and 96 were sent to hospitals, the FDA says in its latest update. Overall, the agency says, 210 people were made ill by the E. coli outbreak.Alarm over the outbreak was relaxed somewhat in late May, after regulators confirmed that the harvesting season for romaine in Yuma had passed, and that the main U.S. source for romaine had shifted to California’s Salinas Valley. The first cases in the outbreak were reported on March 13; one month later, the Centers for Disease Control and Prevention said it had traced the E. coli to lettuce that was grown in the area around Yuma.Citing the CDC’s analysis of water samples that were taken from a canal in the Yuma region, the FDA says the investigation found E. coli in the water “with the same genetic finger print as the outbreak strain.”Investigators are now working to learn how the E. coli got into the water, and how the water, in turn, contaminated the romaine lettuce from several farms.As he announced the news of the breakthrough in tracing the cause of the illnesses, FDA Commissioner Scott Gottlieb also addressed the notion that U.S. consumers are seeing more foodborne outbreaks than they have in the past.”The answer to that question is that we don’t believe we are seeing more outbreaks,” Gottlieb said. “In fact, we believe food is safer than perhaps ever before and today we’re better at finding outbreaks when they occur.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.
Reviewed by James Ives, M.Psych. (Editor)Jan 16 2019Scrolling through the GoFundMe website reveals seemingly an endless number of people who need help or community support. A common theme: the cost of health care.It didn’t start out this way. Back in 2010, when the crowdfunding website began, it suggested fundraisers for “ideas and dreams,” “wedding donations and honeymoon registry” or “special occasions.” A spokeswoman said the bulk of collection efforts from the first year were “related to charities and foundations.” A category for medical needs existed, but it was farther down the list.In the nine years since, campaigns to pay for health care have reaped the most cash. Of the $5 billion the company says it has raised, about a third has been for medical expenses from more than 250,000 medical campaigns conducted annually.Take, for instance, the 25-year-old California woman who had a stroke and “needs financial support for rehabilitation, home nursing, medical equipment and uncovered medical expenses.” Or the Tennessee couple who want to get pregnant, but whose insurance doesn’t cover the $20,000 worth of “medications, surgeries, scans, lab monitoring, and appointments [that] will need to be paid for upfront and out-of-pocket” for in vitro fertilization.The prominence of the medical category is the symptom of a broken system, according to CEO Rob Solomon, 51, who has a long tech résumé as an executive at places like Groupon and Yahoo. He said he never realized how hard it was for some people to pay their bills: “I needed to understand the gigantic gaps in the system.”This year, Time Magazine named Solomon one of the 50 most influential people in health care.”We didn’t build the platform to focus on medical expenses,” Solomon said. But it turned out, he said, to be one of those “categories of need” with which many people struggle.Solomon talked to Kaiser Health News’ Rachel Bluth about his company’s role in financing health care and what it says about the system when so many people rely on the kindness of strangers to get treatment. The conversation has been edited for length and clarity.Q: KHN and other news outlets have reported that hospitals often advise patients to crowdfund their transplants. It’s become almost institutionalized to use GoFundMe. How do you feel about that?It saddens me that this is a reality. Every single day on GoFundMe we see the huge challenges people face. Their stories are heartbreaking.Some progress has been made here and there with the Affordable Care Act, and it’s under fire, but there’s ever-widening gaps in coverage for treatment, for prescriptions, for everything related to health care costs. Even patients who have insurance and supposedly decent insurance [come up short]. We’ve become an indispensable institution, indispensable technology and indispensable platform for anyone who finds themselves needing help because there just isn’t adequate coverage or assistance.I would love nothing more than for “medical” to not be a category on GoFundMe. The reality is, though, that access to health care is connected to the ability to pay for it. If you can’t do that, people die. People suffer. We feel good that our platform is there when people need it.Q: Did anyone expect medical funding would become such a big part of GoFundMe?I don’t think anyone anticipated it. What we realized early on is that medical need is a gigantic category.A lot of insurance doesn’t cover clinical trials and research and things like that, where people need access to leading-edge potential treatments. We strive to fill these gaps until the institutions that are supposed to handle this handle it properly. There has to be a renaissance, a dramatic change in public policy, in how the government focuses on this and how the health care companies solve this.Related StoriesHome-based support network helps stroke patients adjust after hospital dischargeStroke should be treated 15 minutes earlier to save lives, study suggestsResearch sheds light on sun-induced DNA damage and repairThis is very interesting. In the places like the United Kingdom, Canada and other European countries that have some form of universal or government-sponsored health coverage, medical [costs] are still the largest category. So it’s not just medical bills for treatment. There’s travel and accommodations for families who have to support people when they fall ill.Q: What have you learned that you didn’t know before?I guess what I realized [when I came] to this job is that I had no notion of how severe the problem is. You read about the debate about single-payer health care and all the issues, the partisan politics. What I really learned is the health care system in the United States is really broken. Way too many people fall through the cracks.The government is supposed to be there and sometimes they are. The health care companies are supposed to be there and sometimes they are. But for literally millions of people they’re not. The only thing you can really do is rely on the kindness of friends and family and community. That’s where GoFundMe comes in.I was not ready for that at all when I started at the company. When you live and breathe it every day and you see the need that exists, when you realize there are many people with rare diseases but they aren’t diseases a drug company can make money from, they’re just left with nothing.Q: But what does this say about the system?The system is terrible. It needs to be rethought and retooled. Politicians are failing us. Health care companies are failing us. Those are realities. I don’t want to mince words here. We are facing a huge potential tragedy. We provide relief for a lot of people. But there are people who are not getting relief from us or from the institutions that are supposed to be there. We shouldn’t be the solution to a complex set of systemic problems. They should be solved by the government working properly, and by health care companies working with their constituents. We firmly believe that access to comprehensive health care is a right and things have to be fixed at the local, state and federal levels of government to make this a reality.Q: Do you ever worry that medical fundraising on your site is taking away from other causes or other things that need to be funded?We have billions being raised on our platform on an annual basis. Everything from medical, memorial and emergency, to people funding Little League teams and community projects.Another thing that’s happened in the last few years is we’ve really become the “take action button.” Whenever there’s a news cycle on something where people want to help, they create GoFundMe campaigns. This government shutdown, for example: We have over a thousand campaigns right now for people who have been affected by it — they’re raising money for people to pay rent, mortgages, car payments while the government isn’t. This article was reprinted from khn.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.
Recommended for you © THG PUBLISHING PVT LTD. Comments PTI July 12, 2019 15:42 IST July 12, 2019 17:30 IST Comments Please use a genuine email ID and provide your name, to avoid rejection. The train was supposed to reach Chennai on July 11, but leakages in the valves led to the delay. Jolarpettai is 217 km away from the southern metropolis.All the arrangements took around 20 days of time to complete.The initiative would be formally inaugurated by Tamil Nadu Ministers later in the day, the official said. Chennai AAA Train carrying million litres of water arrives in ChennaiVolume 90%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Live00:0000:5300:53 Chennai has been grappling with an acute water crisis over the past few months, facing a daily water deficit of at least 200 million litres. The four reservoirs supplying to the city have run dry.The Tamil Nadu government had earlier requested the railways to help them ferry the water to the city.Earlier, Chief Minister K. Palaniswami had announced mitigating Chennai’s water woes by getting drinking water supplied from Jolarpettai with an allocation of Rs 65 crore. Printable version | Jul 13, 2019 8:31:13 PM | https://www.thehindu.com/news/cities/chennai/train-carrying-water-from-jolarpettai-arrives-in-chennai/article28409328.ece 0 Water train from Vellore on its way to Chennai Chennai, Water train from Vellore arrives in Chennai PTI FigLeaf AppComplete Online Anonymity Is One Click AwayFigLeaf App|SponsoredSponsoredUndoProgressive$699 average annual savings for drivers who switch and save.Progressive|SponsoredSponsoredUndoThrone: Free Online GamesPlay this for 1 minute and see why everyone is addicted!Throne: Free Online Games|SponsoredSponsoredUndoKelley Blue Book10 Electric Cars That Last the LongestKelley Blue Book|SponsoredSponsoredUndoMyFinanceTwo Accounts Your Bank Doesn’t Want You to Know AboutMyFinance|SponsoredSponsoredUndoGundry MDThere Is One Protein That Could Restart Your Slow Metabolism, And No, It’s Not FishGundry MD|SponsoredSponsoredUndoTopix33 Hilarious Airport SignsTopix|SponsoredSponsoredUndoLongest electrified railway tunnel in India commissionedThe HinduUndoPresident to visit Athi Varadar tomorrowThe HinduUndo A train carrying 2.5 million litres of water arrived in Chennai, which has been grappling with an acute water crisis over the past few months, officials said on July 12.The train with 50 tank wagons (BTPN), carrying 50,000 litres of water in each of them from Jolarpettai in Tamil Nadu’s Vellore district, reached the filling station at the Integral Coach Factory Yard in Villivakkam on the afternoon of July 12.Around 100 inlet pipes installed near the railway tracks would be used to discharge 2.5 million litres of water in all the wagons to be sent to a treatment plant after passing through a conduit, an official of Chennai Metropolitan Water Supply and Sewerage Board said.“After treatment it would be sent for distribution. This arrangement has been made for the next six months until the (advent of the) north-east monsoon,” the official told PTI.Play VideoPlayUnmuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window.The media could not be loaded, either because the server or network failed or because the format is not supported.Caption Settings DialogBeginning of dialog window. 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Updated: July 12, 2019 15:42 IST Related Articles Close XSSI dies in road accident All overhead cables in city to go underground in 2 years: MinisterWatch: Train carrying million litres of water arrives in ChennaiPresident visits Athi VaradarThe ordeal of crossing Anna Salai near Kamaraj ArangamCentral team reviews water-saving effortsCHENNAI TODAYThe gift of sightHome Guards strive for dignity and better working conditionsProject report to be prepared for restoring city waterways: CM SSI dies in road accident All overhead cables in city to go underground in 2 years: MinisterWatch: Train carrying million litres of water arrives in ChennaiPresident visits Athi VaradarThe ordeal of crossing Anna Salai near Kamaraj ArangamCentral team reviews water-saving effortsCHENNAI TODAYThe gift of sightHome Guards strive for dignity and better working conditionsProject report to be prepared for restoring city waterways: CM SSI dies in road accident All overhead cables in city to go underground in 2 years: MinisterWatch: Train carrying million litres of water arrives in ChennaiPresident visits Athi Varadar1 / 10 Previous StoryWatch: Train carrying million litres of water arrives in Chennai Related TopicsTamil NaduChennaiTamil Nadu Comments will be moderated by The Hindu editorial team. Comments that are abusive, personal, incendiary or irrelevant cannot be published. Updated: July 12, 2019 17:30 IST Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not ‘the’, n is not ‘and’). We may remove hyperlinks within comments. The train, carrying 50,000 litres of water departed from Jolarpettai, Vellore district. Chennai, Next Story