WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite Schoolchildren, together with the organisers of the event, camped the whole of Friday night at the community hall, where presentations were given by the volunteers on issues such as teenage pregnancy, substance abuse and good nutrition. The latter was in aid of the ‘Apple a Day’ campaign, where children are encouraged to eat an apple every day.Speakers during the road-show were from Ezakheni SAPS, organisation volunteers (who encouraged the youth to help fight crime) and project co-ordinator Mrs Dudu Zwane (who promoted sexual education as a whole). Sister Mdlalose from the Ezakheni Clinic gave a speech about sexually-transmitted diseases and family planning. “The whole event was a huge success,” said Mrs Zwane. She added that the children were so happy to be in the Plaza, because some of them had never been there before.“Thanks goes out to uThukela Mayor Dudu Mazibuko for allowing us to use the community hall on Friday night, Veena (Plaza management) for donating apples which were eaten by the schoolchildren, not forgetting the parents for allowing their children to take part in the event and for participating in the fun-walk.” The Isisekelo Somphakathi Community Organisation held a roadshow over the weekend to promote a healthy lifestyle among the youth and community in general. The roadshow started at the Ezakheni Community Hall on Friday night and ended at the Ezakheni Plaza on Saturday, where organisation volunteers Slindile Sithole, Nontuthuko Mthabela and Maurine Mayisela addressed the community. A fun-walk was then held in keeping with the theme of following a healthy lifestyle.
No coach’s wife is more comfortable in the spotlight than Shelley Meyer. (Though Michelle Herman may give Mrs. Meyer a run for her money before too long.) Her Twitter account claims more than 30,000 followers and with more than 32,000 tweets, with a header photo of she and Urban with their three children. That photo happens to be taken on the field on the day of an Ohio State victory at the Big House. Because of course it is.There are a couple reasons for this. One is that her husband is one of the very best in the sport at his job. An .850 winning percentage and three national titles tends to speak for itself. The other reason is that she’s really good at it. Shelley Meyer isn’t a stranger to Ohio State media, including an appearance on Wednesday’s edition of the Eleven Warriors podcast.The interview was a wide-ranging one (see below), but meat of it, naturally, came in Shelley explaining life as a coach’s wife. The two were married when Urban was the wide receivers coach at Illinois State in the late ’80s, making figurative and literal pennies. It would’ve been delusional to believe, “Oh, yes, we’ll be at Ohio State one day — and making $6 million a year to coach football.” As Mrs. Ohio State Football explained, there was no master plan, no guidebook to being a coaches’ wife. It just kind of happened.“I did not know we would move so much, I’ll tell you that. When I knew he wanted to be a coach, I had no idea we would move so many times. And we haven’t even moved nearly as many times as some coaches have. We’ve been very, very blessed,” she said. Meyer has coached at nine schools in his 32-year career. AD Quality Auto 360p 720p 1080p Sponsored By Connatix “As a wife and the kids, you just kind of get into that place where you just roll with it. This is what Dad does. He’s climbing the mountain. I remember explaining that to my kids. Dad’s climbing the mountain, and this is what we do as a family. This is how we roll, this is what we do.“I’m not going to say it wasn’t challenging moving, because guess who had to pack up the house and the kids, and find a new school, and find a new house, and all that? I did. I’m at a loss for words for how I did that. I just did it. You just do it. Every woman in America who assumes, mostly, the roll of Mom and runner of the house, you just do it. And in coaching you just kind of fall into it and you work with your mentors, who are older wives. I had a lot of really awesome older wives in coaching that mentored me and kind of prepared me for, this is what you do. You need to make all these decisions and you have to do certain things so that your husband can do his job with the football team.”Shelly also shared some only-she-would-know anecdotes about her life with Urban:– Shelley had to talk Urban into taking the Utah job, and she didn’t want to leave. Urban went 17-6 in two seasons at Bowling Green, his first head coaching job, but in Shelley’s words he was afraid to leave. Remembering how much she enjoyed her trips to Salt Lake City during Urban’s tenure as Colorado State’s wide receivers coach in the late ’90s, Shelley urged Urban to take the job and would happily remain there today. “I would have stayed there for 20 years, really. If Florida did not come calling, I would have been happy there for 20 years. I love that place.”– Once upon a time, Urban wanted to be the Michigan head coach. Urban grew up in Toledo — which is sort of the DMZ of the Ohio State-Michigan rivalry — and dreamed of being the head coach at either Notre Dame, Ohio State or, yes, Michigan. “He told me from the very beginning, those three jobs, I’m sorry, you have no say in,” Shelley said. She clarified that Michigan has since been crossed off the list. By both of them.– Because of that, she wasn’t exactly thrilled when Ohio State called in 2011. “I was very happy with his job at ESPN,” Shelley said. “He was very non-stressed.” Nevertheless, she knew there was no chance Urban would ever turn down the Ohio State job.– Urban and Shelley will both one day get tattoos of the years of their national championship seasons. The couple originally promised to get matching Fighting Irish tattoos if Notre Dame won a national title while Urban was the school’s wide receivers coach. That didn’t happen, but the pact has survived. Shelley said the Meyers have picked out a design and an artist to create them tattoos with the years 2006, 2008, 2014 and, Shelley hopes, one more future national title year for both of them. “We’re not tat people. Neither of us has a tat,” she said. “So this is big.”Hear the entire podcast below (beginning at the 22-minute mark) or by clicking here.
Air raid sirens will be sounding on Thursday to mark the anniversary of the 1974 Turkish invasion of the island, the civil defence said.The sirens will sound across the republic at 5.30am, the time the invasion started in Kyrenia on July 20.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoCity BeautyDo This To Fix Sagging Jowls Without SurgeryCity BeautyUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboola
An average of 2,000 people die every year of heart disease in Cyprus, while a total 40,000 undergo some heart-related treatment, the Cyprus Society of Cardiology announced on Tuesday to mark World Heart Day.Recent epidemiological studies in Cyprus showed that 27.8 per cent of adults are obese and 36.1 per cent are overweight, while 8.1 per cent of children under 16 are obese and 20.1 per cent overweight, the society said in a press release.Speaking at a news conference marking the World Heart Day, under the slogan ‘Give your Heart Strength’, chairman Dr Georgos Georgiou said the goal of the enlightenment campaign organised by the society in all towns on Friday is to sensitise the public on cardiovascular disease, which have plagued developed countries across the world in recent decades.Cardiologists will inform the public about the prevention of cardiovascular diseases and take people’s blood pressure for free, while informative brochures will be available.The campaigns will be held at the Mall of Cyprus in Nicosia, My Mall in Limassol, Kings Avenue Mall in Paphos and Ermou square in Larnaca.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoSecurity SaversWindows Users Advised To Do This TodaySecurity SaversUndoPlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola
Bridge Technologies is adding over-the-top monitoring capabilities to its entire range of probes as part of the company’s comprehensive solution for OTT service providers, the company has said. The new capabilities will allow operators of TV Everywhere and over-the-top services to monitor data quality and performance at all points in the delivery chain, from ingest onward, according to Bridge Technologies. In conjunction with the company’s new microAnalytics system that extends OTT monitoring right to the viewer’s device, the OTT-enabled Bridge Technologies probes allow monitoring and analysis of OTT streams at any point before the operator’s content delivery network (CDN), and at any point beyond it, according to the company.Bridge Technologies’ active OTT technology is a key ingredient of the monitoring option for its digital media probes, allowing deployment anywhere in the delivery chain for accurate evaluation of OTT stream availability and delivery in that part of the chain, according to Bridge.In a typical architecture, Bridge Technologies probes with OTT capabilities are located at the origin server to monitor stream quality and integrity prior to the CDN, and then at the exit point of the CDN, as well at the ISP and edge networks. For monitoring of the home network – the subscriber’s network of content-reception devices – the Bridge Technologies microAnalytics System can be deployed to integrate data gathered from the set-top box, connected TV, computers, and mobile devices into the operator’s centralised monitoring and analysis environment.The new microAnalytics system allows operators to remotely access real-time data from set-top boxes, connected TVs, iPad, iPhone, and other mobile devices. The system is an extension of Bridge Technologies’ existing microVB miniaturised probe.
ATX (Stand H18) will use ANGA Cable to highlight its VersAtive encoding/transcoding platform, which it says is positioned to address any type of encoding/transcoding or packetisation requirement associated with adaptive streaming or traditional encode/transcode functions. According to ATX, the VersAtive platform can be configured as a standalone device or to work as part of a cluster of devices. The platform can support a variety of inputs (IP, SDI, HDMI, component or composite) and can encode (broadcast quality H.264/MPEG-2 SD/HD) or transcode (broadcast quality H.264 to MPEG- 2/MPEG-2 to H.264 SD/HD) on a standalone basis or for adaptive bit-rate/multi-screen services applications on a live or offline basis. Currently, the VersAtive supports PC (Adaptive Flash Streaming), mobile/tablet technologies (HLS, RTSP), and TV formats (H.264/MPEG-2 transport stream). The VersAtive unit’s flexible architecture allows for easy upgrade to new codecs and can also incorporate DRM on an as required basis (it has currently implemented Verimatrix for HLS).ATX has also expanded its UCrypt bulk content transition product line to include a product offering that allows operators to transition content from IP to analogue (IP2A) on a bulk basis.The 3RU UCrypt IP2A can subscribe to 20 SD/HD clear or encrypted MPEG2 or H.264 multicast streams on the IP network, and convert these streams to PAL or NTSC and output them on user defined frequencies. According to ATX, the IP2A can help operators leverage their IP backbone, and eliminate racks of receiver/decoders and analogue modulators. Further, it says, operators could also deploy the IP2A at the edge of their network where bulk accounts are interested in analogue programming services.
Latvian telco Lattelecom has added a new channel, Re:TV, to its TV offering.The channel offers news and coverage of cultural events from local and regional broadcasters. The launch follows a survey that showed the majority of TV households wanted more regional TV coverage. Re:TV is available in Lattelecom’s Basic package.
BSkyB has updated its Sky Plus app and users can now use their Apple iPad devices as a remote control.The UK pay TV service’s new app also allows people to manage the content stored on their Sky Plus boxes, deleting or adding recordings. Sky said the next update to the app, which will be introduced later this year, will integrate second screen functionality, allowing seamless interaction with social networks and access to extra content around Sky shows.
The BBC and Sky have ended a long-running dispute about retransmission fees, agreeing that the public service broadcaster will no longer have to pay to have its services carried on Sky.The agreement will see the BBC’s existing charges to the satellite operator for platform services drop from £4.5 million (€5.5 million) per-year “to zero,” following government pressure about the controversial charge.In a statement the BBC said both parties had “reached an agreement that secures the long-term availability of BBC channels and BBC iPlayer on the Sky platform.“We will also continue to discuss opportunities that offer Sky customers new and innovative ways to discover and consume BBC content,” the corporation said.Last summer the UK Department for Culture, Media and Sport released a report recommending the retransmission fees be stopped to bring the arrangement between Sky and the PSBs in line with “zero net charge” deals in place with cable operators such as Virgin Media.At the time Sky received fees totalling nearly £10 million from all the PSBs channels – the BBC, ITV, Channel 4 and Channel 5. Though this sum has declined over recent years, cable operators by comparison received nothing.Last May, the BBC raised the prospect of charging Sky to carry its channels as part of a long-running war of words between the two sides about retransmissions charges.
French cable operator Numericable has entered into exclusive negotiations to acquire Virgin Mobile France in a deal that would value the Omer Telecom-owned company at €325 million. The two parties are negotiating the final terms of a deal that will be submitted to the country’s competition regulator for approval.Vivendi, which is currently in the process of selling SFR to Numericable and its owner Altice and will hold a 19% stake in the combined operation post the completion of that deal, will also participate in the latest acquisition by contributing €200 million.Numericable’s move, which surprised some French market observers, will give the cable operator an MVNO with about 1.7 million customers.According to the UK’s Carphone Warehouse, which holds a 46% stake in Omer Telecom, the deal will cover all of Omer’s assets, which also include a number of subsidiary mobile brands in France.
Kevin Spacey in House of CardsDrama titles like House of Cards and Mad Men accounted for 30% of all illegal downloads for the year ending August 2015, according to new research by digital security firm Irdeto.Adventure titles like Black Sails accounted for 26% of illegal downloads, while crime titles like Homeland represented 23% of downloads, said the study.Action titles like Spartacus represented 10% of illegal downloads while comedy titles like The Big C came in at 9% with animated shows accounting for just 2% of total downloads tracked.“Illegal downloads for horror, reality and gameshows accounted for less than a percent of all illegal downloads tracked, respectively,” said Irdeto.The security firm said that piracy activity across all genres occured most often in Brazil, France, Spain, the United States, Russian Federation, Australia, Italy, Canada, the UK and the Netherlands – with these countries accounting for 56% of total downloads worldwide.“The increase in pirated TV content has caused pay TV operators to rethink the way they deliver content. We’re seeing a rise in providers offering online-only options due to customer demand for a la carte content and not wanting to pay for bundled services,” said Irdeto vice-president of services, Rory O’Connor.“It will be interesting to see how this continues to shape the industry in the next five years as the model shifts to a demand-driven offering.”
Swedish pay TV operator Com Hem has won state approval for its SEK 1.33 billion (€144 million) buyout of domestic rival Boxer TV.The Swedish state, through cabinet minister Mikael Damberg, approved the sale of all the shares of Boxer TV to Com Hem.The green light means that Com Hem must now just wait for approval from the Swedish Competition Authority before the acquisition can be completed.“We are of course very pleased with the State’s decision and look forward to a positive response from the Swedish Competition Authority as well” said Com Hem CEO, Anders Nilsson.The Competition Authority is expected to make its decision by October 27, 2016.Com Hem agreed to buy Boxer, the pay TV operator in the digital terrestrial television network in Sweden, from state-owned Teracom in June.At the time Com Hem said the deal will help it to move into the single dwelling unit market in Sweden with Boxer having roughly 500,000 subscribers that are predominantly in this market.Com Hem said it expects the deal to generate approximately SEK300m in additional underlying EBITDA for the Com Hem Group.
A new entertainment streaming service for fans of Indian entertainment programming has launched in Europe.Bobbles.tv has rolled out over the top and over satellite, focusing on reaching Indian ex-pats in Europe with a package of well-known Indian channels from Sony, Star and Viacom among others.Bobbles is run by Hamburg-based niche channels and SVOD specialist Bubbles Media, which launched OTT channel bouquets for Chinese and Indonesian expats in August last year.The programming on German-based Bobbles is carried in Hindi and English across 16 themed channels. These include B4U Movies, B4U Music, Star Gold, Sony Max, NDTV and Viacom’s Colors.The service is priced at €19.95 for the satellite option and €12.95 for the streaming service.Bobbles estimates there are 14 million Indian ex-pats globally and over one million in Europe and claims its new service is the biggest and most affordable Indian TV package in the region.“As many as 1.5 million Indian people living in mainland Europe now have a convenient way to receive their favourite TV shows from home, via satellite or OTT, live or on catch-up,” said Arnold C. Kulbatzki, Bubbles Media CEO.
Canadian independent telecom operator Comwave has tapped Germany-based set-top provider ABOX42 to deliver its new TV service.The operator is using the German technology company’s ABOX42 M30-Series Smart Set-Top Box platform for its new ComwaveTV service.Comwave offers internet and IP telephony services to consumer, business enterprise and wholesale in over 1,100 cities in Canada and over 1,600 in the United States. The new ComwaveTV offering is an IPTV service offering live TV, video-on-demand, catch-up TV and network PVR functionality within an EPG.The box is based on a dual core ARM processor supporting the latest technology including H.265/HEVC.The ABOX42 SmartSDK supports an HTML5 browser-based user interface compatible with all major streaming formats and is ready for Verimatrix VCAS and Playready content security.“Our technical teams looked closely at the options and ABOX42 had the best balance of performance and rich software features plus a proven track record delivering successful IPTV projects. ComwaveTV is our first IPTV service and working closely with partners such as ABOX42 has allowed us to create both a compelling customer experience and an efficient and scalable platform to ensure lifecycle management and future service expansion,” said Yuval Barzakay, CEO of Comwave,“We are proud to launch this project with Comwave which is an agile and ambitious company that has brought innovation to the internet and telephony market across North America and now adds TV to an exciting portfolio. By building support for the widest range of streaming and security technologies along with our rich SDK, ABOX42 provides innovators such as Comwave the ability to launch fresh new services that can quickly adapt as the market evolves,” said Matthias Greve, CEO of ABOX42.
Belden has acquired Snell Advanced Media (SAM) and will incorporate the company into its TV production and broadcast services business, Grass Valley.Grass Valley president Tim Shoulders will lead the combined business and said Belden’s investment in SAM demonstrates its commitment to the broadcast industry.He added that adding SAM’s employees and products to Grass Valley will extend its global reach and make the company more agile.Grass Valley is based in Montreal, Canada, while SAM is headquartered in Berkshire in the UK.
The top 10 US pay TV providers recorded a total net loss of over 358,000 subscribers in the second quarter, with gains for OTT TV options DirecTV Now and Sling TV only partially offsetting losses from their parent companies and the cable operators, according to Informitv’s latest Multiscreen Index.According to the latest edition of the index, DirecTV lost 286,000 satellite television subscribers, compared to 188,000 the previous quarter and 156,000 in the second quarter the previous year, with its base falling to just below 20 million customers. Dish Network meanwhile lost 192,000 satellite television subscribers, compared to 185,000 the previous quarter. However, the figure was an improvement on the 196,000 customers it lost in the second quarter the previous year.OTT TV service DirecTV Now meanwhile made the greatest gain of any pay TV service, adding 325,000 customers to end the quarter with 1.74 million. Dish’s Sling TV equivalent added 41,000 to end June with 1.74 million, overtaking Altice USA-owned cable operator Optimum.Among the big cable operators, Comcast lost 136,000 cable television customers, with its fifth consecutive quarterly loss, down 410,000 year on year to 21.07 million, while Charter Spectrum improved its performance somewhat, with a loss of 73,000, compared to a loss of 121,000 the previous quarter and 234,000 in the second quarter the prior year.Altice USA also improved its performance, with a loss of 24,000 between Optimum and Suddenlink, compared to 30,000 the previous quarter and 37,000 a year before.In the telecom TV world Verizon Fios lost 37,000 customers, but AT&T U-Verse added 24,000, leaving the pair with 1.24 million fewer subscribers than they had two years ago.The top 10 players now have 83.56 million TV customers, accounting for just under 70% of overall TV homes. The figures do not include Cox Communications, which does not reveal subscriber numbers.“Satellite television services lost more subscribers than were gained by their corresponding online alternatives, said William Cooper, the editor of the informitv Multiscreen Index.“Cable companies slightly reduced their rate of loss but the market is marked by slow attrition rather than a dramatic decline.”
4K TV adoption is set to rapidly increase in the coming years. According to global tech market advisory firm ABI Research, 4K flat panel TV shipments will grow at 13% CAGR to reach 233 million in 2024. 8K, the next innovation for TV production, has already entered the market, but with the cheapest sets still costing upwards of US$5,000 (€4,389), the firm believes that it will still be out of reach for most users.Khin Sandi Lynn, industry analyst at ABI Research, said: “The cost of 8K TV sets is far from affordable for most consumers. This will limit the sales volume for the foreseeable future, however, we can expect the price points to decline to a more reasonable level over the next several years just as 4K sets have.”Another barrier holding back 8K adoption is a lack of content and distribution. The format is provided in Japan, with the Korean Broadcasting Corporation (KBS) working towards an 8K broadcast. The Japanese Rakuten has also announced its interest to provide 8K content in late 2019.However outside of these cases, there is a global lack of readiness and infrastructure to support 8K. The report points out that there is also a lack of incentive for content providers with limited 8K TV set adoption.Lynn concluded: “For now, 4K will be the dominant format of the flat panel TV market, and of the content ecosystem as a result. 4K TV household penetration will reach slightly more than half of the TV households in mature markets. With penetration still relatively low in emerging markets, there is significant room for 4K market growth in the years to come.”
Stay with Newswatch on-line and on-air as more information is released. FeaturedLocal NewsNewsWatch Road closed all night due to Single Vehicle Accident By Daniella HankeySep 01, 2018, 21:21 pm 444 0 Linkedin Home NewsWatch Featured Road closed all night due to Single Vehicle Accident Mail Dispatch told us that the call came in at 6:38 p.m. and as of 9:20 p.m., dispatch confirmed that the road will be closed all night. MERCER COUNTY, WV (WOAY)- A single vehicle accident has caused the intersection of Old Bramwell Road and Brushfork Road to be shut down all night from utility lines being hit. Google+ Twitter No injuries were reported at this time. Pinterest Tumblr Facebook Previous PostShirley Brown Invitational at Woodrow Wilson High School. Next PostA toddler drowned in North Carolina, according to police Daniella Hankey
Home Sports News Sports Virginia Tech Wins 14th Straight Over Cavaliers Pinterest Google+ WOAY – Virginia Tech football finishes the regular season 9-3 after a 10-0 win over Virginia Friday night in Charlottesville.In a game defined by defense, the Hokies’ “Lunchpail Defense” limited the Cavaliers to 191 total yards and nine first downs. The offense struggled at times themselves, but did enough to leave Scott Stadium with the win. Josh Jackson threw for 143 yards, including a touchdown to Chris Cunningham. Deshawn McClease & Steven Peoples were the leading rushers with 71 yards each.The Hokies have now won 14 straight games over their Commonwealth Cup rival, and await their bowl destination, which will be announced December 3. Linkedin Next PostSuits over West Virginia warehouse fire in federal court Previous PostTrump wants to end welfare as Bill Clinton knows it Facebook Mail SportsSports NewsVirginia Tech Virginia Tech Wins 14th Straight Over Cavaliers By Matt DigbyNov 24, 2017, 23:48 pm 1041 0 Twitter Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read More Tumblr
In This Issue… * Jobs data sends currencies & Gold lower… * RBA to cut rates tonight… * Dollar Index screams bearish? * David Stockman’s thoughts… And, Now, Today’s Pfennig For Your Thoughts! Digging Deeper Into The Numbers… Good day… And a Marvelous Monday to you! Congrats to the fans of the Big Blue, NY Giants, who are the Super Bowl Champions, after a very entertaining game. It’s very foggy out this morning here in St. Louis, reminds me of the time my beautiful bride and yours truly were driving home from Des Moines to St. Louis and a very dense fog was everywhere… Not wanting to stop, I cracked the car door open and kept an eye on the white line, which would keep me on the road… Thinking back now, that probably wasn’t a very safe thing to do, eh? Well… speaking of things that probably aren’t safe to do… jumping on the Gov’t’s “strong data bandwagon” probably qualifies… But that’s not stopping the lemmings or as my friend, Bill Bonner, calls these people, the “sheeples”… from jumping on the bandwagon… That’s why I back off and say, “something smells strange here”… And so I begin to dig into the numbers… Now, let me first tell you that the current Gov’t/ administration isn’t the first one to cook the books in an election year, so, I’m not just picking on the current administration. I’ve always maintained that the books were cooked, and get extra burnt during an election year. Yes, wouldn’t you, do the same thing? Get reelected is the call to order, and there’s no better way to do that, than to show the sheeples how much better they are today than 4 years or whenever ago… You know this is all leading to the major story from Friday… The Jobs Jamboree… Where the Bureau of Labor Statistics, (BLS) told us that 243,000 net jobs were created in January, and that the Unemployment Rate fell to 8.3% from 8.5%… OK… maybe, just maybe, the net jobs are close to being correct… the thing that the Gov’t doesn’t tell us is that the employment to population ratio isn’t keeping up with the unemployment rate. And, the unemployment rate is a joke… I’ve gone over this so many times in the past, so, here’s the Reader’s Digest version of this explanation… As people give up looking for work, they are no longer counted as “unemployed”… Well… in January 1.2 million people dropped out of the labor force… yes, that’s right, in one month, 1.2 million people dropped out of the labor force, so… the Unemployment rate drops… And this will continue to occur the rest of this year, folks… so, now you know! Look… I’m not saying this report wasn’t a good sign for jobs… All I’m saying is that we shouldn’t be holding any ticker-tape parades for the labor picture in this country… Save the ticker-tape parades for the NY Giants! So… why am I all in a fuss about this today? Well… to watch the reaction to the jobs data was like watching everyone rush out to buy a Milli-Vanilli record… Boy are they going to be really disappointed when they find out it was all a sham… Speaking of lip-syncing… that was a good job by the Half-time entertainment last night, eh? OK… so, on Friday, the sheeples ran to stocks, and bought them like they were funnel cakes at a state fair. Bonds got whacked, but that’s fine with me, because they should get whacked… But currencies, save for the true Commodity Currencies of Australia, & New Zealand, got whacked… But the real trip to the woodshed was for Gold (& Silver)… And that hasn’t stopped this morning, as Gold has lost over $50 of its price since the Jobs Jamboree on Friday! However, having blinders on right now is probably not a very safe thing to do… And stocks look pretty shaky when you consider that Profit Margins are circling the bowl, having suffered their biggest quarter-to-quarter drop in the 4th QTR of 2011, since the financial meltdown in 2008… I’m not a stock jockey, so I’ll just leave that at that… The Aussie dollar (A$) pushed the envelope very close to $1.08 on Friday, and the New Zealand dollar / kiwi, traded through .83-cents… But, those lofty figures from Friday have been wiped out this morning. The A$ saw Their latest Retail Spending data weaken, which is probably that last nail in the coffin as far as whether the Reserve Bank of Australia (RBA) will cut rates tomorrow or not… At this point, I would say, why not? Everyone else is cutting rates to promote growth, and it doesn’t hurt their currency… OK… for new readers… I’m not into countries that debase their respective currencies… But, the markets have turned to a “promote growth at all costs” mentality… so we have to play along… Yes, the “plays along with others” is important in our grades! I do believe that after this weak Retail Spending data in Australia, and the price action since, that the rate cut has now been priced in… So, sell on the rumor, buy on the fact is probably in play here. Look how long I’ve gone this morning without nary a mention of the euro! Not that I was saving the best for last! Another week has gone by without an agreement in Greece with private creditors… and now this past weekend, the Trokia (which is a slang term for the three organizations that have the most power in Greece. And consists of: The European Commission, The IMF, and the European Central Bank (ECB) ) saw their plans for new austerity measures in Greece rejected by Greek party leaders… So, this is all unraveling very quickly folks… The Greeks can’t come to an agreement with private creditors, nor can they agree with the Trokia… Things are pretty dire in Greece… but yet the euro remains above 1.30… Doesn’t that give you any indication of what the markets think of dollars right now? Not that it will always remain that way… Remember, when the year began, I told you that I wouldn’t be surprised to see the euro fall to 1.18, or rise to 1.40… I would also remind you that I tell you all the time that when picking currencies to own, you want to find countries with sound fundamentals, good fiscal positions, something that the rest of the world wants, or has ties to China… Friday, we also heard St. Louis, Fed Head, James Bullard, said that the Jobs Jamboree probably removes the need for additional Quantitative Easing (QE)… of course he called it “bond buying” as QE is now a dirty word, in Fed Head circles… OK… one of my chartists friends that I’ve talked about before, Scot Pluschau, sent me a note on Friday, about the volume indicators are screaming bearish in the Dollar Index… Here’s a snippet from his post, where the whole thing can be read here: http://scottpluschau.blogspot.com/2012/02/volume-indicators-in-dollar-index-are.html “As for this week’s Commitments of Traders Report in the Dollar Index, the Commercials got to bang the register a little liquidating 9,703 short contracts that they were piling on near the highs. As of this report they are short 47,734 contracts and long 3,302, which is greater than a fourteen to one NET short position. This is still a very bearish structure of the COT report as far as I’m concerned.” Then There Was This… Did you see what David Stockman, the former Budget Director under Ronald Reagan, had to say last week regarding Big Ben Bernanke’s testimony before lawmakers? Well… Stockman was full of you know what and vinegar, when asked about Bernanke, and he let loose… remember this is David Stockman talking, not me! (for the legal beagles) “Bernanke giving politicians advice about fiscal stability is “about as useful as an arsonist’s lecture on fire prevention. His radical zero interest rate policy has destroyed the bond market, crushed the yield curve and eviscerated any resolve to address the deficit on Capitol Hill.” He went on to say this about the debt… “Basically, they’re going to be facing down a $7 trillion decision and it’s going to hit economy like a ton of bricks if you let the everything expire. And if you don’t you’re going to be borrowing $1 trillion a year and wondering how long Bernanke can keep printing the money. It’s a giant trap that’s been created.”– David Stockman… Chuck again… But when the Gov’t can cook the books and print a strong jobs report, everyone takes their eyes off the ball… we need remain focused on the ball! To recap… The Jobs Jamboree had the stock jockeys planning a ticker tape parade on Friday… 243,000 net jobs were created in January, with the Unemployment Rate falling to 8.3%… Chuck digs deeper into these numbers and shows that the ticker tape parade should be saved for the NY Giants! Looks like the RBA will cut rates tonight (tomorrow for them) but maybe the rate cut is already priced in. And Greece seems to be unraveling quickly here, folks… Currencies today 2/6/12… American Style: A$ $1.0720, kiwi .8315, C$ $1.005, euro 1.3060, sterling 1.5765, Swiss $1.0825, … European Style: rand 7.6335, krone 5.82, SEK 6.7325, forint 223.65, zloty 3.1935, koruna 19.12, RUB 30.22, yen 76.60, sing 1.2475, HKD 7.7545, INR 49.05, China 6.3125, pesos 12.70, BRL 1.7280, Dollar Index 79.35, Oil $96.95, 10-year 1.91%, Silver 33.51, and Gold… $1,719.85 That’s it for today… A fun packed weekend for me… went to a new Cajun restaurant in the part of town that my beautiful bride grew up in. Watched my beloved Missouri Tigers beat Kansas Saturday night! YAHOO! (hey that doesn’t happen much, so we have to celebrate when we can!) and then a Super Bowl party with neighbors (Thanks Brad & Theresa)… And then I could NOT get myself out of bed this morning! But I finally did… and here I am! I’m heading to Orlando this week. When Alex was young, Kathy & Alex would accompany me to Orlando, and we would all spend an extra day or two going to Disney World or Universal. But they haven’t accompanied me in a few years… This year, Kathy and Delaney Grace are going to accompany me! They will enjoy Disney World, while I work! Ok… I’m going to get this out the door now… So, if you’re going to the Orlando Money Show, I’ll see you later this week!, for now… I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com