TagsTransfersAbout the authorPaul VegasShare the loveHave your say Tottenham worried Harry Kane could angle for summer exitby Paul Vegas22 days agoSend to a friendShare the loveTottenham are concerned Harry Kane could angle for a summer exit away from the club.Kane’s frustrations have come to the boil after a string of disappointing results in all competitions to begin the campaign.Spurs have been beaten by Leicester and Newcastle already in the Premier League as well as a humiliating exit to League Two Colchester in the Carabao Cup.They squandered a two-goal lead to draw their opening Champions League match at Olympiakos before further embarrassment as they shipped seven at home for the first time in their history against Bayern Munich on Tuesday.And that has led to the club fearing he is losing patience in north London, report The Times.Kane’s future could also come into sharper focus if Mauricio Pochettino leaves the club with the Argentine continuously linked with Real Madrid and Manchester United.
Solidified at the goaltender position, the Ohio State men’s hockey team prepares for its final regular season series with rival Miami.Two weeks ago, with just six games remaining in the season, coach John Markell sat down his top two goaltenders and told them they needed to step up.“I told them I want to ride the hot goalie, and that’s what you need at this time of the year,” Markell said. His message hit home with both goaltenders, Cal Heeter and Dustin Carlson, who have split time tending the net for the Buckeyes this season.“It’s kind of tough hearing that because he pointed out we weren’t playing as well as we were at the beginning of the year,” Carlson said. “I think we both took it as a challenge and it really showed. The next week in practice we both were battling really hard.”Carlson’s increased intensity on the ice, both in practice and in games, has earned him more ice time down the stretch. “I knew I just had to step it up,” he said. “It’s an important time of the year and we’ve got to get our job done.” Since the conversation with Markell, Carlson has been doing exactly that. The junior has started the last three games for the Buckeyes and is unbeaten in that stretch. That stretch is the longest consecutive start streak Carlson has had this season. While both goalies say they prepare as if they’re going to start every game, it appears Carlson has developed a rhythm since starting on consecutive nights.“I’m definitely happy I’m playing now,” Carlson said. “We had a great weekend last weekend. [Saturday night] my team pulled out for me, and in the shootout I pulled out for them.”Two of the last three games the Buckeyes have tied and eventually won in shootouts. Neither Western Michigan or Alaska were able to score against Carlson in a combined nine attempts in the shootouts.“Cal [Heeter] is working hard in practice but right now Dusty [Carlson] has responded like you’d think he would. He’s responding the right way and that’s what we need from a junior,” Markell said. “I think everyone knows you have to have good goaltending at this time of the year. There’s not a better time than right now for Dusty to be playing hard and Cal to be waiting for his chance.”Carlson and the rest of the Buckeyes will be put to the test this weekend when they face No. 2 Miami in a home-and-home series. Markell expects the RedHawks to be amped up for the in-state rivalry. “This is huge for them. Ohio State coming to town is big for them and their fans,” Markell said. “They’re a good hockey team. They’ve proved that throughout the nation. But that doesn’t mean we can’t play [the way we’re capable of playing] hockey and sustain that for 60 minutes.”Miami comes into the series ranked No.2 in both the USA Today and USCHO polls, and deservingly so. The RedHawks are 20-2-4 in the Central Collegiate Hockey Association this season and 23-5-6 overall.“They have an explosive team,” Markell said. “They have depth, good defense, good specialty teams and their goaltending is good.”Miami’s play has been especially dominant in the conference, including a series against OSU earlier this season. The RedHawks swept the Buckeyes on Dec. 11 and 12, winning 6-0 and 4-2.However, no one on the Buckeye squad is fazed by facing Miami and are entering this weekend’s series looking for wins. “We need points [heading into the post season]. We just have to get as many points as we can,” Carlson said. “History shows we don’t have the best record against them recently but we always play them strong. It’s our rivalry; they hate us and we hate them. We’re going to go in there with everything we’ve got.”Friday’s game will be played in Oxford, Ohio and Saturday night’s finale will be at the Schottenstein Center. Both games face off at 8:05 p.m.
Then-sophomore Nichelle Prince (7) fights for a ball during a match Oct. 24, 2014 against Iowa at Jesse Owens Memorial Stadium. Credit: Lantern File PhotoJunior forward Nichelle Prince has already made a splash for the No. 17 Ohio State women’s soccer team (3-0-1) in its four opening matches, scoring two goals. The Ajax, Ontario, native’s junior year is off to an exciting start as she was just named Big Ten Offensive Player of the Week after her overtime game-winning goal against then-No. 8 Florida on Aug. 23. The forward said she approached the honor humbly and with confidence moving forward.“It’s obviously a big honor to be able to be named Big Ten Offensive Player of the Week and have those titles, but I think it is a lot about how I can contribute to my team and how I can get better every week,” she said.Prince said she feels as though she carries much more responsibility on and off the field as an upperclassman.“I’m a junior now, so I think I have a lot more influence on the field, and I just want to make sure that everyone feels a part of the team,” she said. “Hopefully I can spread my knowledge to younger players.”Prince said she started playing soccer when she was 4 years old.“The first time I went, my parents were driving me, and I was begging for them to take me home,” she said, “But as soon as I got on the field I loved it and I’ve played ever since.” As Prince’s career continued through childhood and into her high school years, she then faced the decision of choosing where she would play her collegiate career.“I could see myself living here for four years and growing up here. It wasn’t all about soccer, it was a lot about the atmosphere,” Prince said about what drew her to OSU.Prince’s soccer career at OSU has seen its share of ups and downs. As a freshman, Prince saw action in all 20 games, being named second team All-Big Ten as well as earning a spot on the Big Ten All-Freshman team. She collected three Big Ten Freshman of the Week honors, as well as ranking fifth in the conference for goals and points. She was unable to duplicate that level of success as a sophomore. Prince started only 10 matches due to a leg injury that kept her out of the season’s first nine contests. Prince’s teammates are glad to have her back on the pitch.“Having Nichelle back and fully healthy gives our team a lot of confidence. It’s awesome being able to play up top with her again,” junior forward Lindsay Agnew said. Prince and the rest of the women’s soccer team are scheduled to be back in action on Thursday as they host Florida International at 7:30 p.m. at Jesse Owens Memorial Stadium.
Arsene Wenger was left to rue the missed opportunities Arsenal had in their defeat to Atletico Madrid in the Europa League semi-finals on what he described as a “very sad” way to leave the clubThe Gunners squandered several good chances in last week’s first leg at the Emirates against a 10-man Atletico side and they were once again guilty of failing to take advantage of their opportunities in Thursday’s return leg at Madrid.Arsenal was made to pay a high price for their inability to convert their chances with Diego Costa coming back to haunt the club once more by scoring the only goal at the Estadio Wanda Metropolitano to secure a 2-1 aggregate win for Atletico.“We missed something in the final third because we had plenty of opportunities,” said Wenger, according to Sky Sports.“You look at the chances we created in the two games, the least you can say is we can be very frustrated. In the first game the tie should be over, then the second game in the first half we had plenty of opportunities but we always missed something with the final ball, even in the second half.“I am like the team, very sad and very disappointed. Overall very frustrated too because when you go out of a competition and you have the performance in 180 minutes that we had it’s very difficult to take.”Merson believes Arsenal should sign Sancho Manuel R. Medina – September 14, 2019 Borussia Dortmund winger Jadon Sancho might be the perfect player to play for the Gunners, according to former England international Paul Merson.The defeat means that Wenger will not have the dream ending of finally winning in Europe with Arsenal now missing out on Champions League football for a second consecutive season.“There are some good ingredients in our team and they will bounce back, they have the quality and with the right additions in the summer the team will compete next year,” said the 68-year-old.“I am very sad to leave the club with that exit. I will take some time to recover from that and then see what I do with myself in the future, I have no plan at the moment.”The Frenchman admitted that Atletico had defended well in the second leg with the Spanish side having now gone 12 games without conceding at their home ground.“They are a team who defends well,” admitted Wenger.“We were a bit unlucky a few times and Gabi is happy to stay on the pitch as they broke a few counter-attacks and it took the referee a while to give a yellow to Gabi in situations where we could have been very dangerous. But overall they are a clever side who defends well, [Diego] Godin tonight saved five or six balls on crosses in amazing positions, they have great defenders.”
Zinedine Zidane has announced that he has stepped down from his role as the Real Madrid manager after guiding them to a third successive Champions League titleThe Frenchman was understood to have had a contract at the club until 2020, but he has now decided to leave the Spanish capital with Saturday’s 3-1 win against Liverpool in the Champions League final being his final match in charge of Los Galacticos.After replacing Rafael Benitez at the Santiago Bernabeu in January 2016, Zidane won 104 of his 149 matches in charge with a win percentage of 69.80% and collected nine trophies in his two-and-a-half seasons in charge of Real.But it appears that the board’s dissatisfaction with their domestic campaign proved to be ultimately Zidane’s undoing with Real finishing 17 points behind new La Liga champions Barcelona in a distant third place.Zidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.In his time in charge of the European champions, Zidane won the following:UEFA Champions League: 2015–16, 2016–17, 2017–18La Liga: 2016–17Supercopa de España: 2017UEFA Super Cup: 2016, 2017FIFA Club World Cup: 2016, 2017CONFIRMED: Zidane leaves Real Madrid after winning the #UCL three years running ??? pic.twitter.com/cUakusNcDf— UEFA Champions League (@ChampionsLeague) May 31, 2018
A woman was hacked to death allegedly by her mentally challenged son in Keraniganj Model Town area on the outskirts of the capital early Friday.The deceased is Shahida Haq, 54, wife of one Fazlul Haque, a resident of the area, reports UNB.Being informed by Fazlul, police recovered the body of Shahida and sent it to Mitford Hospital morgue around 2:00am, said Keraniganj model police station officer-in-charge Shaker Mohammad Zobair.Quoting Fazlul, police said his son Shaon, 27, attacked Shahida and cut her throat with a knife.Police arrested Shaon from the spot.
Story Links Martice Moore will compete in the 400m hurdles finals tomorrow at 8:57 p.m. CT. to wrap up the final day of the men’s competition. The running events will be televised on ESPN beginning at 8:30 p.m. AUSTIN, Texas – Ivine Chemutai, Gabriela Leon and Makenli Forrest kicked off the first day of the women’s competition at the NCAA Track and Field Championships on Thursday at Mike A Myers Stadium in Austin, Texas. Live Results Forrest’s season best throw of 63.08m/206-11 came at the Louisville Invitational in April. She finished with a throw of 62.12m/203-10 at the NCAA East Preliminary Round to earn her second straight NCAA Championship appearance. To wrap up the day, Gabriela Leon earned honorable mention honors with a jump of 4.05m/13-03.50 in pole vault, finishing 19th overall. Leon wraps up an outstanding sophomore year, breaking the school record by clearing of 4.27m/14-00 at the Louisville Invitational. She cleared 4.17m/13-8.25 in Jacksonville, Fla. advancing to her second straight national championship appearance. Chemutai made her NCAA Championships debut with a time of 35:35.93 in the 10,000m. She finished 22nd overall and earned honorable mention accolades. Chemutai wraps up a breakout season after setting a new personal best at the NCAA East Preliminary Round with a time of 33:54.84 for her first NCAA Championship appearance. NCAA ChampionshipsMike A. Meyers Stadium | Austin, TexasJune 6, 2019 Women’s Hammer Throw15. Makenli Forrest – 62.50m/205-01 Forrest earned second team All-American honors in the hammer throw, finishing 15th overall with a throw of 62.50m/205-01. Forrest earned honorable mention honors last year in the hammer with an 18th place finish. Women’s Pole Vault19. Gabriela Leon – 4.05m/13-03.50 Women’s 10,000m22. Ivine Chemutai – 35:35.93 Print Friendly Version
This story originally appeared on Engadget he official numbers for Apple Watch sales are still a mystery. But, according to a report by research firm Strategy Analytics, the Cupertino company shipped an estimated 4 million units during the second quarter of 2015. As a result, Apple’s already captured 75 percent of the smartwatch marketshare across the world, despite only being available since late April.Strategy Analytics also points out that, thanks mostly to the Watch, global smartwatch shipments saw a remarkable 457 percent growth year-over-year. Meanwhile, Samsung was the big loser in Q2 2015, as it fell to second place and is said to have shipped a mere 0.4 million devices during that timeframe.While Apple hasn’t been clear-cut about how its Watch business is doing, Chief Financial Officer Luca Maestri did reveal yesterday that the product was responsible for around a billion dollars in quarterly sales.A billion dollars doesn’t sound half-bad, sure, but wouldn’t it be much better if Apple just told us how many wrist wearables it has sold so far? July 27, 2015 1 min read Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Enroll Now for Free
Switzerland’s national postal service, Swiss Post, says that it has developed a fully verifiable system that can make e-voting widely available in the country. Yesterday, Swiss Post announced that it is launching a bug bounty program, in which hackers from all over the globe can participate to conduct penetration testing on both the frontend and backend of the e-voting system. The program, called as Public Intrusion test (PIT), will be conducted between February 25 and March 24. White hat hackers can sign up on onlinevote-pit.ch to participate. The security of the e-voting system has already been pen-tested and certified under the legal framework of the Swiss Confederation. Hackers who discover vulnerabilities that can be exploited to manipulate votes–without being detected by voters and auditors–will be rewarded between $30,000 and $50,000. Server-side loopholes that give an attacker the information of who voted and what they voted will be rewarded up to $10,000. Vote corruption issues are worth $5,000 and $100 will be paid out for server configuration weaknesses. Source code vulnerabilities must be reported by the ethical hackers separately if they cannot be exploited against the test system. All-in-all, out of the total $250,000 allocated for this project by the government, $100,000 will go to the Swiss cybersecurity firm that helps run the bug bounty program, and the rest could go to the researchers who find vulnerabilities. After finding the vulnerability, participants can then go ahead and make their findings public. The bug bounty program is open to anyone and the e-voting system is only available in German, French, Italian and Romansh – there is no English version. Researchers who take part in the PIT project will also be given voting cards for testing purposes, but they will be sent electronically. You can head over to E-Voting PIT to know more about the terms of this program. Read Next EuroPython Society announces the ‘Guido van Rossum Core Developer Grant’ program to honor Python core developers Microsoft announces Azure DevOps bounty program Hyatt Hotels launches public bug bounty program with HackerOne
In addition, the new kids’ meal – free on transatlantic and South flights – includes yummy favourites like mac and cheese with apple sauce, cookies and juice.The Air Transat Kids Club has been up and running for over 12 years, welcoming mini-globetrotters aged 2-11 for free. It includes members’ kits filled with travel goodies, priority airport services, family check-in counter, priority baggage handling, and stroller gate delivery service. Plus, kids are treated to onboard surprises, which will also be revamped.“At Air Transat, we always have the needs of families at heart,” says Annick Guérard, Chief Operating Officer at Transat. “We have been accompanying them on their dreams and holidays for more than 30 years. We understand their expectations, care about their well-being and do everything possible to make their lives easier, from the moment they arrive at the airport to the time they reach their final destinations.”More news: Marriott Int’l announces 5 new all-inclusive resorts in D.R. & MexicoAs a holiday airline dedicated to offering the very best in family vacations, Air Transat showcases its Kids Club in its latest ad.“In our characteristic dreamlike style and featuring our employees once again, we are underlining how important vacations are,” adds Guérard. “Family holidays, in particular, are a special time of the year, as they allow us to get closer and create precious memories.”Air Transat is also reminding families that its offers free and automated standard seat assignments to ensure that kids 12 and under are seated with their parents. MONTREAL — Air Transat is putting families first by unveiling a new Kids Club livery and a brand new kids’ meal on its flights.The airline’s Airbus A321, used mainly for Florida and South flights, received a fun, new makeover, complete with the Air Transat Kids Club smiley face and googlie eyes. Share Air Transat revamps family offerings with new livery and kids’ meal Travelweek Group Posted by Monday, November 5, 2018 Tags: Air Transat, Kids << Previous PostNext Post >>
CINCINNATI — The Arizona Cardinals won’t face an undefeated Cincinnati Bengals team, after all.T.J. Yates took over after Brian Hoyer sustained a concussion on Monday night and rallied the Houston Texans to a 10-6 victory over Cincinnati, the Bengals’ first loss.The Bengals (8-1) were trying to give the NFL its first trio of 9-0 teams, joining New England and Carolina. A backup quarterback with a history of beating them did it again. It was appropriate that the first loss came against the Texans (4-5), who made Andy Dalton look very bad during first-round playoff victories over the Bengals during the 2011 and 2012 seasons. Yates was behind that first one.Yates, who returned to the Texans on Oct. 28, took over in the third quarter and threw a 22-yard touchdown pass to DeAndre Hopkins.Dalton had another tough time against a Texans defense. Cincinnati’s final chance slipped away when A.J. Green fumbled after a catch with 40 seconds left.Next up, the Bengals visit University of Phoenix Stadium to face the Cardinals during prime time Sunday. Top Stories Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact
State Rep. Roger Hauck today praised the House Michigan Competitiveness Committee for approving a bipartisan 11-bill package that makes state government more transparent.Hauck, of Union Township introduced a bill that is part of a package subjecting the governor and lieutenant governor to the Freedom of Information Act in addition to creating the Legislative Open Records Act that places the Legislature under public disclosure laws.“Local units of government and school boards are all subject to open records laws, and it simply makes sense that state officials should be subject to the same scrutiny,” Hauck said. “People deserve the right to see how their tax dollars are used, and these bills achieve that goal.”The bills are similar to a package of legislation introduced last session and passed overwhelmingly by the House. The bills did not make it to the governor for signature.##### 09Mar Rep. Hauck lauds committee passage of transparency package Categories: Hauck News,News
State Rep. Julie Alexander, this week discussed the importance of Mcity in Ann Arbor after a presentation about the impact of autonomous vehicles on transportation.State Rep. Jeff Noble (left), State Rep. Michael Webber, State Rep. Julie Alexander and Senator Phil Pavlov with an autonomous vehicle.Huei Peng and Carrie Morton of Mcity discussed research and outlined the vision of how autonomous vehicles will revolutionize transportation during Tuesday’s presentation.Laurel Champion, COO of the American Center for Mobility (ACM), discussed the focus on testing and connectivity of autonomous vehicles.“Education and training will be vital to provide a skilled workforce needed for these technologies to be implemented,” said Rep. Alexander, of Hanover. “These collaborative efforts between business, educational institutes, state and national units of government will keep Michigan in the forefront of transportation advancement.”Mcity has created a public-private partnership to work on connected and automated mobility systems. There are more than 65 industry partners with $16 million invested in research and over 100 students involved in Mcity activities on the University of Michigan campus.The American Center for Mobility is a non-profit testing and product development facility for future transportation development. The facility is located at the historic 335-acre Willow Run site in Ypsilanti Township in southeast Michigan.An automated vehicle uses a variety of sensors to collect data about the surrounding environment. Maps and GPS help guide the vehicle. Onboard computers analyze the data collected by the sensors, as well as the mapping data, to determine the best course.### 23Aug Rep. Alexander discusses Mcity involvement with autonomous vehicles Categories: Alexander News
Apple’s iTunes store accounted for a massive 67% of electronic sell-through for TV shows last year, dominating the home digital-video sector, according to market research firm NPD. According to the US stats, iTunes also accounted for 65% of online sales for feature-length movies and also took a 45% share of the online movie rental market.In terms of video sales, Apple’s closest rivals were Microsoft’s Xbox Video service and Amazon Instant video. Xbox Video accounted for 14% of online TV show sales and 10% for movies, while Amazon was 8% for TV shows and 10% for movies.In the rental space, Amazon Instant video was second place with 18% of the market, followed by Walmart-owned video store Vudu with 15% and then Xbox Video with 14%.“Apple has successfully leveraged its first-mover advantage and of iTunes, iOS and the popularity of iPhone and iPad to dominate the digital sale and rental markets for movies and music,” said Russ Crupnick, senior vice president of industry analysis at NPD.“While worthy competitors have come along, no other retailer has so thoroughly dominated its core entertainment product categories for so long,” he added.The stats came as Apple announced its fiscal second quarter results, which saw revenue for its iTunes, software and services division climb 30% year-on-year to US$4.1 billion (€3.15 billion).iPad sales were up 65% to 19.5 million units, iPhone sales were up 7% at 37.4 million units. However, iPod sales were down 27% at 5.6 million units and Mac sales were down 2% at 4 million. Apple did not break out stats for its Apple TV set-top boxes or make mention of the product, which it has described in the past as a “hobby,” during its earnings call.Overall, the company posted quarterly revenue of US$43.6 billion, up from US$39.2 billion last year. However, quarterly profits dropped for the first time in 10 years at US$9.5 billion.
The use of gesture and motion controls in smartphone-based virtual reality will be particularly important in driving up usage, according to Juniper Research.The research firm predicted that this technology will be found in 128 million devices by the end of 2016, rising to 492 million by 2020 – marking growth of more than 280%.Juniper said it expects nearly 50% of all wearables and almost all VR devices to use gesture control technology by 2021. However, for more established platforms like PCs and smartphones, it predicted that usage will remain low.“The arrival of motion control for smartphone VR in 2017 will start a shift towards multimodal computing, using both peripherals and motion and gesture control. However, at the moment this will simply extend current functionalities, holding back adoption across devices as a whole, unless the UI paradigm changes,” said Juniper.Research author James Moar added: “VR and wearables have shown the way that gesture and haptics can provide fresh ways to interact with technology. The game changer for other platforms will be when technology firms are brave enough to reinvent their UIs to incorporate gesture and motion control, rather than considering it an optional add-on.”
ShareTweet Music recital sessions start this Friday lunchtime in Guildhall’s Main HallIF you’re looking for something to make your lunchtimes more interesting then drop in to the Guildhall for a cultural experience with a difference.Throughout the month of August music lovers can enjoy a series of lunchtime performances by local musician and organist in residence Stewart Smith, played on the beautifully restored Guildhall organ. “It’s a fantastic opportunity to hear the organ being played by an accomplished musician, and to enjoy the music in such a stunning setting.“While we have visitors from around the globe touring the Guildhall every day, I also look forward to welcoming more local people to the Guildhall where they can learn more about the Grade A listed building and its colourful history, as well as enjoy a cultural experience with a difference.”The recitals, which are all free, will feature a medley of pieces from the Main Organ repertoire as well as orchestral transcriptions and folk music pieces. The performances will take place between 1pm – 2pm, kicking off on this Friday, August 2, followed by recitals on Monday 19th August, Wednesday 21st August, Thursday 22nd August, Monday 26th August, Wednesday 28th August and Thursday 28th August.For more information contact the Guildhall on email@example.com or call 028 7137 6510.Guildhall to liven up lunchtimes with music recitals was last modified: July 29th, 2019 by John2John2 Tags: The instrument is the second largest concert organ in N. Ireland, and it takes pride of place dominating the stage of the Main Hall after extensive work carried out as part of the £10 million restoration of the historic civic hub. The original Guildhall organ was installed in the Main Hall in 1891.Speaking ahead of the recital series, Mayor of Derry City and Strabane District, Councillor Michaela Boyle, said she looked forward to throwing open the doors of the historic building.“The lunchtime organ recitals were a great success last year and I know that they will prove just as popular this summer,” she declared. Derry and Strabane CouncilGUILDHALL ORGANGuildhall to liven up lunchtimes with music recitalsMayor Michaela Bpyle
It will enhance off-road connectivity and create a sustainable travel corridor in the heart of the Waterside.Welcoming progress on the project the Mayor said she was very impressed with the work carried out to date and was looking forward to seeing the completed facility opening to the public later this summer.“This is a significant project that will not only improve accessibility in the Waterside area of the city but will greatly enhance sustainable travel options for cycling and walking connectivity in the Waterside. “This project is in keeping with the objectives set out in the Strategic Growth Plan and builds on the success of the Waterside Greenway network.” ShareTweet MAYOR of Derry City and Strabane District Council, Cllr Michaela Boyle, accompanied by officials from the Department for Communities, the Council, community sector and elected representatives attended a site visit to view progress on the Clooney Greenway project last week.The £410,000 Department for Communities and Derry City and Strabane District Council funded project is progressing well with completion anticipated by the end of the summer in time for the start of the new school term.The Clooney Greenway – a 1km, tarmaced corridor for walking and cycling, with lighting throughout – has transformed derelict land to create enhanced connections between communities and a convenient safe route to and from local schools. Mayor views progress at Clooney Greenway was last modified: August 1st, 2019 by John2John2 Tags: DEPARTMENT FOR COMMUNITIESDerry and Strabane CouncilMayor Michaela BoyleMayor views progress at Clooney GreenwayThe Clooney GreenwayWaterside
By David Galland, Casey ResearchIt seems that the mainstream investment community only takes a break from ignoring gold to berate it: one of gold’s most outspoken critics, uber-investor Warren Buffett, did so recently in his latest shareholder letter. The indictments were familiar; gold is an inanimate object “incapable of producing anything,” so any investor holding it instead of stocks is acting out of irrational fear.How can it be that Buffett, perhaps the most successful (and definitely the most well-known) investor of our time, believes that gold has no place in an intelligently allocated investment portfolio?Perhaps it has something to do with his mentor, Benjamin Graham.Graham, author of Security Analysis (1934) and The Intelligent Investor (1949), is correctly respected as one of history’s most knowledgeable investors. Over a career spanning 1915 to 1956, he refined his investment theories, in time becoming known as the father of value investing. Graham’s intellectual framework provides the basis for many mainstream investment theories today.According to Graham, while no one can tell the future, there are periods when the valuations of stocks and bonds would deviate from fair value by becoming excessively over- or undervalued. To enhance returns and reduce risk, investors should alter their portfolio allocations accordingly. A quick look at a long-term chart supports Graham’s theory clearly shows periods when one asset class offered a better value than the other:(Click on image to enlarge)But what of the periods when both stocks and bonds stagnated or fell together? For much of the 1970s and again from 2001 through today, any portfolio allocated solely between stocks and bonds would have at best treaded water and at worst drowned in a sea of stagflation. To earn any real return, an investor would have needed to seek alternatives.It’s clear from this next chart that gold was exactly that alternative, a powerful counter-trend investment for periods when both stocks and bonds were overvalued. Yet gold is conspicuously absent from Graham’s allocation model.(Click on image to enlarge)But this missing asset class is entirely understandable: for most of Graham’s adult life and the most important years of his career, ownership of more than a small amount of gold was outlawed. Banned for private ownership by FDR in 1933, it wasn’t re-legalized until late 1974. Graham passed away in 1976; he thus never lived through a period in which gold was unmistakably a better investment than either stocks or bonds.All of which makes us wonder: if Graham had lived to witness the two great bull markets in precious metals during the last 40 years, would he have updated his allocation models to include gold?We can never know.We can know, however, that given Graham’s outsized influence on investment theory, there is little question that his lack of experience with gold, and therefore its absence from his observations, has had a profound effect on how most investment professionals view the yellow metal. This, in our opinion, goes a long way toward explaining the persistently low esteem in which gold is held by the mainstream investment community. And, as a consequence, its widespread failure to even be considered as an asset class.A couple of takeaways: first, perhaps now you can stop wondering why your broker, the talking heads in the financial media, and Warren Buffett continue to misunderstand gold as a portfolio holding. More importantly, however, is that in order to have sustained, long-term investment success, one must accept that an intelligent portfolio allocation needs to include not two but three broad categories of investment – stocks, bonds and gold, with the amounts allocated to each guided by relative valuation.Investors who understand this tenet have an almost unfair advantage over other investors as it allows them to get positioned in gold ahead of the crowd and enjoy the bulk of the ride, while others sit on their hands.So when you hear commentators ridiculing gold as a barbarous relic, lamenting that they cannot eat it or smugly asserting that it produces nothing, rest contently in knowing that they’re operating with a severe handicap in their own portfolio. Meanwhile, we’ll prosper, armed with the understanding that gold fulfills a very important and specific purpose in a portfolio, namely as real money that protects net worth during periods marked by excessive government debt and currency debasement such as we are currently experiencing.Given the powerful influence of Ben Graham and his disciples, his curse on gold will not go quietly into the night. But it should.