Dawson Creek RCMP issue warning after recent overdoses

first_imgThe Dawson Creek RCMP is once again warning the public after a number of overdoses in the community.According to the RCMP, everyone has recovered after receiving prompt medical treatment. Police have yet to confirm the drug that has caused the recent overdoses, the RCMP believe the most recent case involved a male who was taking fentanyl.The male quickly went into respiratory distress and was rushed to the Dawson Creek Hospital by B.C. Ambulance.- Advertisement -If anyone has information in regards to suspected drug trafficking, or any other criminal activity, they can contact the Dawson Creek RCMP at 250-784-3700 or Crime Stoppers at 1-800-222-TIPS.last_img

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Man City storm back as Man United crash out of FA Cup

first_imgBut United were unable to match their city rivals, slipping to a 2-1 defeat at Wolves to hand interim manager Ole Gunnar Solskjaer a second consecutive defeat.In a dramatic game in south Wales, Championship side Swansea were 2-0 up against Premier League leaders City shortly before the half hour through a Matt Grimes penalty and fine strike by Bersant Celina.But Bernardo Silva pulled a goal back in the 69th minute and the visitors went for the kill, drawing level after an Aguero penalty hit a post and went in off goalkeeper Kristoffer Nordfeldt.The City pressure intensified and Aguero had the final word in the 88th minute with a stooping header to complete a stunning fightback.It was a lucky escape for City as replays showed Raheem Sterling was fortunate to win the penalty that led to the equaliser, while Aguero was marginally offside for the winner.“If it is not penalty, and it is offside like the people say, I’m sorry,” Guardiola said.“They ask all the clubs about the VAR (video assistant referee) and all around Europe the VAR is there and here it’s not. I don’t like to lose games when the decisions are wrong but the referees don’t want to make wrong decisions, but they must be helped.”Having already won the League Cup and advanced to the Champions League quarter-finals, City remain in the hunt for an unprecedented clean sweep of all four major trophies.– Off-key United –Wolves are in the FA Cup semi-finals for the first time since 1998 after dumping out Manchester United © AFP / Lindsey PARNABYTwelve-time FA Cup winners United were below par as they followed up last week’s Premier League defeat at Arsenal with a meek exit at Molineux.Raul Jimenez and Diogo Jota sent Wolves into the semi-finals of the FA Cup for the first time in 21 years with two goals in six second-half minutes, with United only having Marcus Rashford’s late consolation to show for their efforts.United never convinced and could have lost by more, with Sergio Romero turning Jimenez’s header on to the bar and denying Jota.“I’m very proud of the players. We had composure, shape, good running,” said Wolves manager Nuno Espirito Santo.“It means a lot because we know how big Wolves were in the 1950s and 1960s and there are people in the stadium who have memories of that. To try to achieve the same is much, much harder now but we will try step by step.”Disappointed Solskjaer, who had only suffered two defeats in 18 games before the Wolves match, described the performance as “a big step backwards”.“We’ve had a great run and now we’ve had two defeats. Against Arsenal we just couldn’t score and today was poor, the poorest we’ve played,” he said.“I’m here until the summer, we’ve got loads to play for in the league and the Champions League.”Andre Gray fired Watford into the semi-finals with his late strike against Crystal Palace © AFP / Ian KINGTONIn the early game on Saturday Andre Gray came off the bench to fire Watford into last four with a late winner in their 2-1 victory over Crystal Palace.Javi Gracia’s side had taken the lead through Etienne Capoue’s first-half strike before Michy Batshuayi equalised for Palace after the interval.Championship side Millwall host Premier League side Brighton on Sunday.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Manchester City are still in the hunt for a clean sweep of four major trophies after coming back to win at Swansea © AFP / Oli SCARFFLONDON, United Kingdom, Mar 17 – Manchester City produced a stunning comeback against Swansea on Saturday to reach the FA Cup semi-finals and keep their quadruple dreams alive as Wolves sent Manchester United crashing out.Pep Guardiola’s team roared back from a two-goal half-time deficit to score three times after the break, with Sergio Aguero grabbing a disputed late winner in a 3-2 victory.last_img read more

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Photo library: Tourism and leisure 10

first_img{loadposition tc}Click on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.» Download Tourism & Leisure contact sheet (1.1MB) » Download full image library contact sheet (10.5MB) Stellenbosch, Western Cape province: An outdoor restaurant at Blaauwklippen Wine Estate.Photo: Stellenbosch WineRoutes » Download high-res image Stellenbosch, Western Cape province: An outdoor restaurant at Dornier Wine Cellar.Photo: Stellenbosch WineRoutes » Download high-res image Johannesburg, Gauteng province: Tourists at the Hector Pieterson Memorial in Soweto, which is named after the 14-year-old boy who was the first killed by police in the June 16 1976 students’ uprising. Photo: Chris Kirchhoff, MediaClubSouthAfrica.com » Download high-res image Gauteng province: Frontview of the state-of-the-art Maropeng visitors’ centre at the Cradle of Humankind World Heritage Site, which is famous for the wealth of early human fossils found there.Photo: Mary Alexander, MediaClubSouthAfrica.com » Download high-res image Gauteng province: Back view of the state-of-the-art Maropeng visitors’ centre at the Cradle of Humankind World Heritage Site, which is famous for the wealth of early human fossils found there. Photo: Mary Alexander, MediaClubSouthAfrica.com » Download high-res image East London, Eastern Cape province: The yacht marina on the seafront. Photo: Rodger Bosch, MediaClubSouthAfrica.com » Download high-res image Port Elizabeth, Eastern Cape province: Sunset over the beachfront sees people running, walking, fishing and cycling to end off the day. Photo: Rodger Bosch, MediaClubSouthAfrica.com » Download high-res image Port Elizabeth, Eastern Cape province: Sunset over the beachfront sees people running, walking, fishing and cycling to end off the day. Photo: Rodger Bosch, MediaClubSouthAfrica.com » Download high-res image Port Elizabeth, Eastern Cape province: Sunset over the beachfront sees people running, walking, fishing and cycling to end off the day. Photo: Rodger Bosch, MediaClubSouthAfrica.com » Download high-res image TOURISM AND LEISURE 10:{loadposition tourism}Having trouble downloading high-resolution images? Queries about the image library? Email Janine Erasmus at janinee@mediaclubsouthafrica.com.last_img read more

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Nissan-Renault-Mitsubishi head sees self-driving dominance in 5 years

first_imgBreak the Mold with Real-World Logistics AI and… Autonomous cars will dominate the streets by 2022, according to Nissan-Renault-Mitsubishi Alliance Chairman Carlos Ghosn. The firm, which has an established autonomous car program, wants to give drivers control of their cars; their autonomous cars are not driverless cars — instead, drivers can decide when they want to drive and when they want the car to drive for them.Ghosn says that autonomous cars provide a “huge advantage” for drivers, and as a result, the industry will have “massive growth” in the coming years. Instead of focusing on the road for hours at a time, people can “rest … relax … see a movie” while the car does its work for them.See also: Renault and Powervault partner to power home battery units With autonomous cars featured heavily in news reports — and even spotted in several testing-ground locations in the United States — the hype surrounding autonomous cars begs the question: when will we see autonomous cars on the road?Ghosn believes that most cars will have autonomous technology, as well as some kind of connectivity, by 2022.In much of the developed world, people spend a lot of time in their cars. The United States and Australia feature at the low end of the spectrum, with people averaging about one hour per day in their car, while in parts of Europe and China, people spend an average of two hours per day driving.Self-driving race is onAutonomous cars will free up that time so that people can be more productive; those hours can be used to work on reports or presentations, or even increase the amount of time people can spend with friends and family. This increased leisure time, Ghosn says, will improve people’s quality of life.Competition for the quickest development and launch of autonomous cars is on the rise, especially between technology behemoths Google, Uber and Apple, who have all started and are developing autonomous and driverless car programs. Still, Ghosn says that Nissan-Renault-Mitsubishi Alliance is well-poised to dominate the autonomous car market.While Google, Uber and Apple all look to electric cars as the future, Ghosn claims, the Alliance has already dominated the electric car market with the Nissan Leaf, and the Alliance as a whole has sold more than 420,000 electric vehicles around the world.Ghosn believes that the Alliance’s historically successful development of electric cars will give them the upper hand in the race to create the best-selling autonomous car of our time. 5 Ways IoT can Help to Reduce Automatic Vehicle… For Self-Driving Systems, Infrastructure and In… Related Posts center_img Tags:#Apple#autonomous vehicles#Google#Internet of Things#IoT#Mitsubishi#Nissan#Renault#Self-Driving#self-driving cars#Uber IT Trends of the Future That Are Worth Paying A… Maya Raolast_img read more

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NBA fines Anthony Davis $50,000 for making public trade demand

first_imgUS judge bars Trump’s health insurance rule for immigrants LATEST STORIES At 22-28 with seven losses in their past eight games, the Pelicans are 13th of 15 clubs in the Western Conference, 5.5 games behind the Los Angeles Clippers for the eighth and last playoff berth.Davis, out since January 19 with a sprained left index finger but due back imminently, could become a free agent in 2020 and sign a five-year contract extension worth $240 million after this season.The Pelicans have missed the playoffs in four of six seasons since drafting Davis, but swept Portland in the first round of last season’s playoffs for their first post-season series triumph since 2008. New Orleans fell in the second round to eventual champion Golden State.The Los Angeles Lakers, whose superstar LeBron James is also represented by Paul, and Boston Celtics are expected to be interested in Davis, but the Pelicans do not want the process to become a free-for-all as they risk losing him for nothing unless he is traded.“We have also requested the league to strictly enforce the tampering rules associated with this transaction,” the Pelicans said, a reference to NBA rules prohibiting teams from trying to lure players who are under contract.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Grace Poe files bill to protect govt teachers from malicious accusations Don’t miss out on the latest news and information. Private companies step in to help SEA Games hosting ‘We are too hospitable,’ says Sotto amid SEA Games woes SEA Games hosting troubles anger Duterte MOST READcenter_img Davis violated a rule in the owners-players union agreement banning public trade demands, the fine coming for agent Rich Paul’s statements to ESPN that the NBA characterized in announcing the fine as “an intentional effort to undermine the contractual relationship between Davis and the Pelicans”.The Pelicans confirmed Davis wanted to leave in a statement Monday.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“Relative to specific talks of a trade, we will do this on our terms and our timeline,” the team said. “One that makes the most sense for our team and it will not be dictated by those outside of our organization.”Davis, top pick in the 2012 NBA Draft, shares second in the NBA with 29.3 points a game and third in the league with 13.3 rebounds per contest. PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss ‘We are too hospitable,’ says Sotto amid SEA Games woes Australian PM asks Thailand to free detained soccer player FILE – New Orleans Pelicans forward Anthony Davis reacts after making a 3-point shot during the first half of Game 4 of the team’s first-round NBA basketball playoff series against the Portland Trail Blazers in New Orleans, Saturday, April 21, 2018. (AP Photo/Scott Threlkeld)Anthony Davis was fined $50,000 by the NBA for making a public trade demand on Tuesday, a day after his agent went public with his desire to leave the New Orleans Pelicans.Davis, a five-time All-Star and member of the 2012 London Olympic gold medal squad, told the team he will not sign a contract extension and wants to be traded to an NBA contender before the league’s February 7 transfer deadline.ADVERTISEMENT PDEA chief backs Robredo in revealing ‘discoveries’ on drug war Oil plant explodes in Pampanga town View commentslast_img read more

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15 days agoSouthampton manager Hasenhuttl loses another backroom staff member

first_imgSouthampton manager Hasenhuttl loses another backroom staff memberby Freddie Taylor15 days agoSend to a friendShare the loveSouthampton manager Ralph Hasenhuttl has lost another member of his backroom staff.Hasenhuttl lost number two Danny Rohl to Bayern Munich two months ago.And now the club’s head of performance analysis Natasha Patel has joined New York Red Bulls.A statement on the Saints’ website reads: “Patel will oversee and expand the club’s use of analytics in areas including opponent scouting, game preparation and player evaluations from the Red Bulls First Team down through Red Bulls Academy.” About the authorFreddie TaylorShare the loveHave your saylast_img

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Kentucky’s Willie Cauley-Stein On Arkansas, “We Don’t Like That Team”

first_imgWillie Cauley Stein warms up for Kentucky.Prior to Sunday’s SEC Tournament championship game, Arkansas’ players did some trash talking to their opponent, Kentucky. They reportedly got in the Wildcats’ faces in a Bridgestone Arena tunnel and Razorbacks’ forward Bobby Portis said being able to play UK was like getting a wish granted. The fervor Arkansas’ players have for Kentucky is a feeling that is apparently replicated by the Wildcats’ players. Following his team’s victory against the Razorbacks, Kentucky junior center Willie Cauley-Stein said “we don’t like that team,” referencing Arkansas. Wow. Willie keeping it REAL. “We don’t like that team.” Said winning title was one thing, but they just wanted to beat “that team.”— Ashley Scoby (@AshleyScoby) March 15, 2015Willie Cauley-Stein after the game re: Arkansas, “Straight up, we don’t like that team.”— Brett Dawson (@BDawsonRivals) March 15, 2015Full WCS quote on not liking “that team” pic.twitter.com/EoGtkE2VTJ— Ashley Scoby (@AshleyScoby) March 15, 2015It’s not often that you see college basketball players openly discussing their dislike for another team, but we love it. Kentucky and Arkansas will learn their place in the NCAA Tournament at 6 p.m. E.T. on CBS.last_img read more

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In This Issue… Currencies rally strongly this m

first_imgIn This Issue… * Currencies rally strongly this morning… * Home Prices keep falling… * Baby steps for stabilization… * Carney has harsh words for U.S. economy… And, Now, Today’s Pfennig For Your Thoughts! The Golden Scenario… Good day… And a Marvelous Monday to you! And Happy Chinese New Year! The NFL Championship games yesterday were very entertaining, eh? The two brothers that coach different teams went from a chance to match wits in the Super Bowl, to going home… Too bad… it would have been a good story. Should be an interesting week, as the ECOFIN people meet, and Greece is still working on their debt, and… this will be my first full week of work in over a month, so all-in-all, pretty interesting! What I also found interesting on Friday, was the price action of Silver… I don’t know if you follow Silver or not… I do, very closely, I might add! But Silver was outperforming Gold by a long shot, rising over $1 on the day, which you don’t normally see in the Silver price action. My colleague, Aaron yelled over the desk and asked me what was going on with Silver, as he too watches it closely… I couldn’t really find anything out there, so the thought came to me very quickly, that Silver must be playing “catch-up”… I don’t know if you follow this stuff or not, and I don’t really put that much emphasis on this, but from time to time I come back to it, and that is the Gold/Silver ratio… but what was once thought as a real indicator for Silver, has to be pushed to the back of the closet these days, for the Gold-Silver ratio has spread out to over 50:1… That’s pretty crazy stuff… and doesn’t look right… So, maybe, just maybe, Silver was playing catch-up to Gold, which had gained over $90 so far this year, and Silver’s gains were negligible until Friday… Both metals are up this morning, so we have that going for us, eh? The Aussie dollar (A$) touched $1.05 this morning, and is spittin’ distance from the figure now. And, looky there, it’s back over $1.05! Just like that! I would say that the A$ is benefitting from a lower than expected PPI (wholesale inflation index) number… Which indicates to me that the markets still have an appetite for rewarding currencies that have been debased to promote growth. If you’re an Aussie bond holder, this is what’s called the “golden scenario”… That’s when rates are being cut, and the currency maintains its value or even increases in value. The bonds & currency rallying, = the golden scenario… When I was a foreign bond trader, I saw this happen only a few times… I saw it Germany in the mid 90’s, and in Aussie and New Zealand around the same time… I haven’t traded foreign bonds since 1998, and don’t recall if there were other instances since then. But, it’s happening now… The thing about the golden scenario, is that it doesn’t last long… The euro begins another week as the most talked about currency, with the U.S. dollar coming in second, and the renminbi placing third. The euro is trading above 1.29 this morning, as it has range traded for over a week now, but around the 1.29 level, which is probably driving the analysts that have called for a collapse of the euro, crazy… I’ve told you probably 3 or 4 times since the year began what I think the euro will do this year… So, as to not beat a dead horse (no animals were hurt), I’ll go to what I really want to point out this morning about the euro… In the past couple of weeks, we’ve seen the economic data from Germany to be better than forecast for them. We’ve seen the Italian and Spanish bond auctions go quite well, with more bonds sold than planned and at lower yields! And money market rates have eased… I talked about the beginnings of a stabilization here on Friday, and I just can’t help but think that this is just the beginning. Now that doesn’t mean that everything we see from here on out from the Eurozone is good… baby steps, wobble, go backwards sometimes, and even stumble… So… we have that to watch for. Well, every winter, about 2,600 political, business and financial leaders in Davos, Switzerland for a 5-day boondoggle. There are always some very good sound bites from Davos, and this year will be no different. You’ll see the Eurozone contingent continue their attempt to calm the markets, and then you’ll have the euro naysayers, like George Soros doing his best to deep six the euro… Speaking of deep sixing something… I can’t put enough emphasis on this folks, but the Asian countries are removing dollars from their terms of trade. One by one, the Asian countries draw up new currency swap agreements, that basically exchange the two countries’ currencies, and removes dollars from the terms of the trade. This has long been one of the benefits to having the reserve currency of the world, for if two countries wanted to trade Oil, they would have to convert their currencies to dollars and settle the transaction in dollars. This kept dollars in each country’s reserves by the truck loads… But, first it was China alone signing swap agreements to remove dollars from the terms of trade. Then Russia joined in, and now India is jumping on the bandwagon. India and Iran have signed a currency swap agreement for Oil… Now… let me be clear here… I do NOT want to see this happening, for I live here, work here, and use dollars for my gas, groceries and giggles. And… once I’m gone, my kids and grandkids will learn what it’s like to not have the reserve currency of the world… It’s a sad thing… However, since I began writing in 1992, I have always made it a point to not let my love of country get in the way of telling like it is… I was even called unpatriotic years ago… and that hurt! But… at the same time, I warned and warned about the growing debt, and people thought I was nuttier than a fruitcake. Well… when countries turn away from using your currency, I think I speaks volumes… So… how does that fruitcake taste these days? Last Friday, we saw the latest Existing Home Sales data, which was pretty strong… But here’s the thing I keep harping about… Home Prices… The national median sales price of existing homes fell 2.5% in December year-on-year. This is the thirteenth straight monthly decline in home prices. Foreclosures and short sales accounted for 32% of the total sales… So, all in all, I would say the data was not good… 1/3rd of the sales were forced by foreclosure, and the median home price fell 2.5%… I don’t think home prices have found a bottom yet… One of the reasons I feel strongly about that is the fact that the “robo-signing” case that held up foreclosures in 2011, has been settled, which means foreclosures could really ramp up in 2012, pushing prices downward. The data cupboard is empty today and doesn’t really get restocked later this week… We will have a FOMC (Fed Reserve) meeting on Wednesday, but since the Fed told us that interest rates are going to remain at current levels until mid 2013, this is a little anti-climatic, eh? OK… back to the currencies… Well… I guess the Bank of Canada’s (BOC) bunker mentality is beginning to pay off for them, but I’m sure they didn’t really think that this would happen… The “this” I’m talking about is a larger than expected drop in consumer inflation. Canadian CPI fell .%6% in December from the previous month, and the year-on-year rate stands at 2.3%… Still higher than the target rate of 2%, but moving in the right direction as far as the BOC is concerned… The Canadian dollar / loonie took the data and digesting it, moved lower… The loonie is attempting a rally this morning trying desperately to grab onto the coat tails of the Aussie dollar. Remember when I told you that we could see a “pop” in the Swiss Franc, should then Swiss National Bank (SNB) President, Hildebrand, resign, as the markets would want to test the resolve of the new President? Well… Let’s see… the franc has really been on a run in the past 10- days and has climbed back to a dollar price of $1.0750… After falling to a $1.04 handle… I think this is simply the markets testing the SNB, folks… nothing to hang one’s hat on for any extended period of time… Leave this to the “traders”… Ok… I mentioned at the top, and then forgot to talk about it until now… But the Greek / private creditors meetings have stalled on a deadlock over the interest rates to be paid. People close to the meetings still believe that an agreement will be ironed out soon. Did you see what the Bank of Canada’s Gov., Mark Carney, had to say about the U.S. economy? Well, you had better sit down for this… Mr. Carney said that the “U.S. economy might never recover.” He went on to say that, “it will take many more years for the U.S. economy to get back on its feet, and it might never completely recover. In fact, they are not in our opinion ultimately going to get back fully to the U.S. we used to know.” Then he made a statement that qualifies him as a recent addition to the “Mr. Obvious Club”… when he said, “If Canada is to grow it must look beyond the U.S. for trading partners.” Then there was this… my friend, and former colleague, David Galland, did it again this past weekend… He wrote something that made me want to pump my fist in the air, and say “Yes”! I don’t have the room here to do him justice, but he wrote about the U.S. Government meddling in the economy and in private business… If that’s the stuff that interests you, and I would hope it did… then click here and read the first part of the letter on Government meddling: after clicking the link, then click on the “contrarian’s View of Argentina”… http://www.caseyresearch.com/ To recap… Currencies are in rally mode this morning, along with Gold & Silver. Silver outperformed Gold big time on Friday… just playing catch-up I think. The ECOFIN meeting begins today, and Greece is still working with the private creditors on an agreement. FOMC meeting this week is a non-event. And the data cupboard is empty today. Currencies today 1/23/12… American Style: A$ 1.0550, kiwi .8125, C$ .9905, euro 1.2990, sterling 1.5565, Swiss $1.0765, … European Style: rand 7.9365, krone 5.9070, SEK 6.76, forint 233, zloty 3.3050, koruna 19.5660, RUB 32.69, yen 76.90, sing 1.2670, HKD 7.76, INR 50.08, China 6.3390, pesos 13.14, BRL 1.75, Dollar Index 79.90, Oil $98.32, 10-year 2%, Silver $32.73, and Gold… $1,677.15 That’s it for today… Congrats to the Giants and Patriots, good luck in the Super Bowl… I really don’t care for either team, but will root for the Giants. I still have a bad taste with the Patriots because of spygate… Well… I heard from my darling daughter Dawn on Friday… She reminded me that little Delaney Grace was going to be in her first musical Friday night and then again on Saturday night. All three grandkids were at the house yesterday, one starting crying for no reason, and the next thing we knew, all three were crying for no reason… Ahhh, we’ll all be together in March for a week! I had to laugh at them… OK… fun a the Butler House! And with that, we’ll head into the last full week of January… I hope you have a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

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In this short but packed interview by Chuck Jaffe

first_imgIn this short but packed interview by Chuck Jaffe, contrarian investing legend Doug Casey explains why government is becoming an anachronism, what 2014 is likely to bring to the financial world, and why he isn’t an investor. There’s a reason why Doug Casey’s appearances always fill the room: he’s not only a brilliant contrarian investor, but a clear and cogent voice cutting through the political mumbo-jumbo. And now you have the chance to pick the brain of this serially successful multimillionaire… right at a time when being a disciplined speculator could turbocharge your wealth. Get the details and get started right now.last_img

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Pigs Get Slaughtered Consider this In 1975 109 c

first_imgPigs Get SlaughteredConsider this: In 1975, 109 companies produced 50% of earnings. In 2015, just 30 companies accounted for half of all the earnings from all U.S.-listed companies.That means the earning power of public companies is concentrated in a shrinking number of firms. As a result, investors have fewer choices today than at any other time—maybe ever.But why? Well, the Federal Reserve has had a lot to do with it. You see, the Fed’s been running an ultra-low interest rate experiment over the past 20 years.This has made borrowing money easy, even for people who don’t need the money. After all, it’s not too hard to pay interest on a 0% loan. Now, you and I can’t borrow money that cheaply… But the most connected borrowers can.As a result, the private equity industry has been one of the biggest beneficiaries of this money experiment.In case you’re not familiar with the private equity industry, here’s how it works… High-net-worth investors pledge cash to a specific fund. Once the fund raises its target amount of money—say $200 million—it closes to additional investment. It also closes the door for investors to pull money out.The fund’s managers then take the $200 million in cash and borrow an additional amount. This can turn $200 million into $1 billion of buying power. Keep in mind, the managers receive 2% of the $200 million invested each year. That gives them $4 million to pay their salaries and expenses while they invest the funds.I’ve seen this play out firsthand.Just after college, I worked as a sales rep for a manufacturing firm. We produced mattresses in 26 factories across the U.S. The owners sold the company for $800 million to a private equity firm. Within months of taking over, I learned that the private equity firm took out a massive loan against the business.Here’s what’s interesting. They didn’t use that money to invest in new factories or equipment. Instead, they paid a huge dividend—equal to almost the entire purchase price—to themselves. This meant that the business merely had to generate enough income to service the massive loan. If it could do that, its private equity firm owners had a risk-free investment.It gets better. These firms also capture 20% of any profit they generate when they sell assets. In this case, if they resold the firm a few years later for $1 billion, they’d collect another $40 million in incentive fees.This type of investing went mainstream in the 1980s. And it only grew from there. Today, it’s officially out of control. It’s a large part of why there are so few public companies remaining today… and this wave of consolidation is just getting started.Just look at the chart below. It shows how much cash private equity firms are sitting on today.You can see that private equity firms are sitting on a staggering $1.7 trillion in cash. That’s equal to 9% of the entire U.S. economy’s annual output… just sitting in cash.In the coming years, these private equity firms will use this cash hoard to take businesses private, load them up with debt, pay themselves rich dividends, and then leave the companies for dead… just like they recently did with Toys “R” Us.The good news is that you can turn this market phenomenon into huge profits by buying takeover targets or highly successful serial acquirers.In my first issue of Strategic Investor, I told my readers about one such company. You can learn about that company by taking my brand-new advisory for a test drive.Regards,E.B. Tucker Editor, Strategic InvestorJustin’s note: Keep your eyes peeled for tomorrow’s Dispatch, where I’ll talk more about E.B’s big idea. Specifically, I’ll show you which sector is set to soar while this trend plays out. You won’t want to miss it…In the meantime, I urge you to sign up for E.B.’s brand-new letter, Strategic Investor. E.B. sees a massive shift happening in the markets, and it’s never been more important to have a specific plan of attack. As E.B. says, “We don’t have the same opportunity to make money in the stock market like we’ve had for the past 100 years.” To survive and thrive in the coming years, you’ll want to get E.B.’s top recommendations. Learn more here.Reader MailbagToday, a reader shares his thoughts on the future of electric car-maker Tesla…I don’t believe Tesla is going to zero… it’s already one of the “too big to fail” companies. The Trump administration will bail them out giving them a sh*tload of money to stay operating and keep jobs. I do believe its stock price will go down like 50%. – BogarAs always, if you have any questions or suggestions for the Dispatch, send them to us right here. Recommended Link Does this describe you? We know there’s a small group of readers who are obsessed with learning more about trading. Maybe you’re a day-trader, or an active paper trader. But if you’re fascinated by all the secret relationships in the stock market, and interested in learning new ways to make money… this is for you. Click here for details. — Justin’s note: Today, we have an important essay from E.B. Tucker, editor of our brand-new Strategic Investor newsletter. Below, E.B. lays out his thesis for the last great bull market of our lifetimes… and what to expect going forward.As you’ll see, what worked for investors in the past is not going to work over the next few years… By E.B. Tucker, editor, Strategic InvestorRight now, we’re seeing a set of indicators we’ve never seen before. If someone told me about them 20 years ago, I would have struggled to picture them.In short, we’re on the cusp of a tremendous bull market.It’s nothing like what we saw in the 1960s or 1980s. Those bull markets rode on the back of economic growth. In both cases, you would have made more acceptable returns by simply buying the Dow Jones Industrial Average.The coming bull market looks entirely different. Most people will miss it because they’re used to making “easy money.”You see, investors dumped $692 billion into passive funds like the Vanguard 500 Index Fund last year. They blindly invested in stocks, and that worked quite well. Now, the average person believes buying the overall market index is his path to steady riches. He’s dead wrong. — The Next Giant Leap For Mankind? (Unbelievable) For 81 years, America’s had a secret weapon in the space race… a little-known NASA lab headquartered a thousand miles away from the Kennedy Space Center. Thanks to the same scientists that put man on the moon, you can get into the market’s biggest, fastest windfalls before they rocket up. Click here now to continue reading. Recommended Link Here’s why…The U.S. stock market is worth $29 trillion today. Twenty years ago, it was worth $12.9 trillion. That’s an increase of 124%.U.S. GDP looks similar. Twenty years ago, it was $8.9 trillion. Today, it’s $19.8 trillion—a 122% increase.And yet, there are half as many publicly listed companies in the U.S. today than there were 20 years ago. You can see what I mean below:You can see that the number of public companies used to grow in step with the economy. Americans would start businesses, build them up, and take them public when they needed access to more capital.Public companies also became the lifeblood of the wealth-building process for most investors. And for good reason. You see, there’s a gap between what people earn and what they need to retire. Capital gains from investments usually help close the gap.But it’s tough to get out and source private investment deals if you sit behind a desk all day. Even if you do, digging into the details takes time. You also need to make sure you avoid crooks and cheats. I know about these headaches because I’ve been involved in many private investments.Buying stocks is much easier. This is because public companies are required by law to publish detailed financials and operating information. Anyone can look at this.The problem is that the number of publicly traded companies in the U.S. is falling at an alarming rate. The good news is that we know why it’s happening. More importantly, we see a way to profit from it.last_img read more

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