Tag: 苏州桑拿

Reds fine Suarez for Ivanovic bite

first_imgLiverpool striker Luis Suarez has revealed he has been fined by the club for biting Chelsea’s Branislav Ivanovic. Suarez will be offered anger management counselling after biting Chelsea defender Ivanovic, the Professional Footballers’ Association have revealed. Suarez apologised for his “inexcusable behaviour” after the incident during the 2-2 draw at Anfield that has left the Uruguay international facing the prospect of a lengthy ban. It is the latest in a series of unsavoury incidents in Suarez’s career – including a previous biting incident in Holland and an eight-match ban for racist abuse – and PFA chief executive Gordon Taylor said the players’ union would offer the striker help to deal with his temper. However, it seems more likely Liverpool would be more likely to chose to utilise the services of their own in-house sports psychologist Dr Steve Peters. He has been working one day a week at the club’s training Melwood training ground for most of the season, having enjoyed success most notably with Great Britain’s Olympic gold medal-winning cyclists like Sir Chris Hoy and Victoria Pendleton. Former Liverpool striker Craig Bellamy has also credited Peters with helping him change his behaviour for the better. The Uruguay international has requested the money be donated to the Hillsborough Family Support Group, which marked the 24th anniversary of the tragedy with a service at Anfield last Monday at which Suarez was present with his team-mates. “For my unacceptable behaviour yesterday the club has fined me today,” the 26-year-old wrote on Twitter. “I have asked the club to donate the money to the Hillsborough Family Support Group for the inconvenience I have created to the Liverpool fans and to Ivanovic.” center_img Press Associationlast_img read more

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GARDA GOES ON TRIAL FOR SEXUAL ASSAULT OF COLLEAGUES IN GARDA STATION

first_imgA Donegal-based Garda has gone on trial charged with sexually assaulting and harassing two female colleagues.The Garda, who is married and in his 30s, pleaded not guilty to the charges when he appeared at Letterkenny Circuit Court today.A number of senior Gardai including Donegal’s Chief Superintendent Terry McGinn were in court for the start of the trial. The court heard harrowing evidence from one of the two female Gardai allegedly assaulted between November 2010 and May 2011.The Garda faces a total of seven charges of sexual assault and two of harassment.Only one of the women gave evidence in the trial which is expected to last up to three days.She broke down in tears as she revealed she had been sexually assaulted three times by the officer – once in a patrol car and twice in the Garda station in which all three worked.She described how on one occasion he grabbed her arms while she was sitting in a swivel chair and pushed her down a corridor before sexually assaulting her.On another occasion he came up behind her and pressed himself against her.The female Garda said she felt his penis rub up against her as he was erect.She said another member walked in shortly after this incident but did not report the matter as she was afraid her colleague would think she was having an affair with the accused.The woman said that all other male colleagues at the station treated the female members with respect.If anything ever got out of hand, the senior officer would remind them that there were “ladies present.”The Garda said she was forced to attend her GP and told her of what was happening at work.Because of the nature of her shiftwork and because of the alleged harassment and sexual assaults she had suffered, she said she was not sleeping.She also said the accused constantly made reference to their size and told them not to be eating so much or they wouldn’t “get a man.”“There wasn’t a day that went by that he did not touch me or make some kind of comment,” she said.She added that even the sight of him made her skin crawl and she even vomited before work at the thought of having to see and work with himThe female Garda stressed: “All of his verbal and physical contact was unwanted and I never let him believe anything other than that.”The accused, dressed in a suit and tie, sat down the back of the court alongside his wife.Judge John O’Hagan also instructed that no filming or photography of the accused should take place or anything reported that would identify the two female Gardai involved.The trial before a jury of ten men and two women continues tomorrow with evidence expected to be heard from the other female Gardai who claims she was also sexually assaulted and harassed.GARDA GOES ON TRIAL FOR SEXUAL ASSAULT OF COLLEAGUES IN GARDA STATION was last modified: October 30th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GardaharassmentLetterkenny Circuit Courtsexual assaultlast_img read more

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Half-time: Ipswich 0 QPR 1

first_imgJunior Hoilett’s header seconds before half-time gave QPR the lead in an otherwise uninspiring game.The Rangers winger nodded in Leroy Fer’s fantastic cross in a rare moment of quality at Portman Road.A couple of minutes earlier, QPR had had a let-off when Luke Chambers headed wide of the post from Ainsley Maitland-Niles’ corner.But they were the only two serious chances, preceded by a fairly flat 44 minutes not helped by a bobbly pitch.Ipswich began positively but all they had to show for it was Daryl Murphy’s early effort which flew wide.QPR held firm and Sebastian Polter, who continued up front for Rangers in the continued absence of Charlie Austin, had a penalty appeal turned down after a challenge by Christophe Berra.Ale Faurlin then whipped in a free-kick which Ipswich keeper Dean Gerken got across to gather, QPR’s only chance until Hoilett’s goal.Both teams were unchanged, with Austin failing to shake off the hamstring complaint which ruled him out of the draw at Bristol City last weekend.Ipswich: Gerken; Chambers, Smith, Berra, Knudsen; Maitland-Niles, Skuse, Douglas, Sears; Pitman, Murphy.Subs: Bialkowski, Malarczyk, Hyam, Oar, Bru, Fraser, Varney.QPR: Green; Onuoha, Angella, Hall, Konchesky; Henry, Faurlin; Phillips, Fer, Hoilett; Polter.Subs: Smithies, Hill, Sandro, Luongo, Tozser, Chery, Emmanuel-Thomas.Follow West London Sport on TwitterFind us on Facebooklast_img read more

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Meet Miss South Africa 2017: Demi-Leigh Nel-Peters

first_imgThe 21 year-old business management student Demi-Leigh Nel-Peters has been crowned Miss South Africa 2017 at a ceremony at Sun City on 26 March 2017. Demi-Leigh Nel-Peters (centre) has been crowned Miss South Africa 2017 at a ceremony at Sun City on 26 March 2017. Adè van Heerden (left) and Boipelo Mabe (right) were crowned first and second princesses respectively. (Image: Miss South Africa, Instagram)CD AndersonThe new Miss South Africa Demi-Leigh Nel-Peters, who hails from Cape Town, takes over from last year’s winner Ntandoyenkosi Kunene. The country’s most prestigious beauty pageant title’s prizes is valued at over R3-million, including a R1-million cash prize, making it one of the world’s richest pageant contests.Adè van Heerden and Boipelo Mabe were crowned first and second princesses respectively.For the first time in the history of the pageant, the public voted via SMS for their favourite semi-finalists. It contributed 25% of the overall final vote.The pageant’s judging panel consisted of some of the country’s best known names and trendsetters, including actor and businessman Maps Maponyane, radio personality Unathi Msengana, Olympic swimmer Cameron van der Burgh and former Miss South Africa winner Claudia Henkel.Judges agreed that Nel-Peters come out on top largely due to her response to the question session. The same question, chosen from hundreds of submissions from the public via Facebook, was asked to the Top 5: “What is the greatest fear you had to overcome to be where you are today?”Nel-Peters answered: “The fear of fear itself. We forget that we are only human and that everything you need to achieve greatness is already inside of you.”Semi-finalists for the pageant were chosen over the last few months through a series of interviews, photo sessions and tasks relevant to the work of the nation’s queen.Other highlights of the live pageant included a display of the contestants’ fashion collaboration with University of Johannesburg design students, and live performances by music stars Lira and Lebo M (who performed the song Circle of Life before the announcement of the overall winner).South African hip hop star Proverb hosted the event alongside media personality Lalla Hirayama.In accordance with the pageant’s platform, the holder of the Miss South Africa title represents the ideals and attributes of the modern South African woman – focused and committed to the empowerment of women and protection of children, and to be a responsible representative of all South Africans.During her reign, Miss South Africa will go on to represent South Africa at both Miss World and Miss Universe pageants. In addition to those highlights, Nel-Peters will also be involved in promotional and charity work, largely drawing attention to a number of local non-governmental organisations that work with the underprivileged, including women and children.The newly crowned Miss South Africa will also make appearances both locally and internationally, representing the country at various high profile events.Watch an interview with Miss South Africa 2017 right after her crowning: Source: News24, Miss South Africa website Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

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Wolves beat Heat as Dwyane Wade misses at buzzer

first_imgMiami Heat guard Dwyane Wade, front left, knocks the ball away from Minnesota Timberwolves forward Andrew Wiggins (22) in the first quarter of an NBA basketball game Friday, April 5, 2019, in Minneapolis. (AP Photo/Bruce Kluckhohn)MINNEAPOLIS (AP) — The Miami Heat looked for a bit of magic from their retiring star when Dwayne Wade went up for a shot at the buzzer.All the Minnesota Timberwolves could do was brace for a storybook finish.ADVERTISEMENT Cayetano: Senate, Drilon to be blamed for SEA Games mess SEA Games hosting troubles anger Duterte Duterte wants probe of SEA Games mess Steph Curry climbs Warriors’ scoring charts in win over Cavs 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 Hontiveros presses for security audit of national power grid Wade scored 24 points for the Heat, who missed a chance to pull into a tie with Brooklyn and Detroit in the race for the eighth spot in the Eastern Conference standings. Don’t miss out on the latest news and information. Instead, Wade’s shot missed the mark, Miami’s playoff hopes took a hit and Minnesota enjoyed the role of spoiler in a 111-109 victory Friday night.Karl-Anthony Towns had 13 points and 12 rebounds for the Timberwolves. Dario Saric scored 19 points, Andrew Wiggins added 18 and Gorgui Dieng finished with a season-high 19 off the bench for Minnesota.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“He’s an all-time legend at that, but we got very fortunate,” Towns said of Wade’s shot. “Usually when you’re on your last dance, the basketball gods give you the 3 to go. But we toughed it out the whole game. We played really well and found a way to win.” “You want to win in the playoffs, you have to learn how to win pressure games and games with expectations and consequences during the regular season,” Heat coach Erik Spoelstra said. “This can’t feel any more like the playoffs right now. I just think this is an awesome experience for our team. You have to embrace this and find a way to rise to the challenge.”Wade’s final game at Target Center was vintage in the first half. He came off the bench to score 21 points in the first two periods on 7-of-9 shooting. Miami shot 62.2% in the first half and led by as many as nine points.After giving up 69 points in the first half, the Wolves limited the Heat to 18 points in the fourth quarter. It was Minnesota’s best defensive quarter since holding Memphis to 16 points in the first quarter on Jan. 30.“It’s about winning,” Towns said. “We’re working for the playoffs next year. Even though we can’t make it this year, why not start the work right now. We’re doing a great job of getting that ball movement going, just finding ways to win.” Panelo: Duterte ‘angry’ with SEA Games hosting hasslescenter_img WADE LEADS THE WAYWade has come off the bench in every game this season and is pacing a potent Miami bench. The Heat got 51 points from their reserves on Friday and they have the third-most points, assists, rebounds and steals per game this season.Wade had his 14th 20-point effort of the season and he has scored in double figures in 15 straight games.UP NEXTHeat: At Toronto on Sunday.Timberwolves: Host Oklahoma City on Sunday. Wade had a steal and layup to help Miami close within one with 10 seconds left. Timberwolves rookie Keita Bates-Diop hit one of two free throws and Wade’s final shot bounced off the rim.“I was trying to will it in with my body, but it didn’t go in,” Wade said.Dion Waiters scored 22 and shot 6 of 12 from 3-point range for the Heat.Miami, which has lost four of six, had 17 turnovers as Minnesota rode a big second half to the win.The Heat led 93-92 early in the fourth, but Minnesota slowly pulled out to a six-point edge and held on to win for the third time in five games.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Philippine Arena Interchange inaugurated TIP-INSHeat: Justice Winslow made the start for the injured Josh Richardson (left hip strain). It marked the 27th different starting lineup for Miami this season, the third-most in team history. Winslow has started 48 games this season, but came off the bench in the previous game with Goran Dragic starting. … Derrick Jones Jr. was questionable with a right knee bone bruise and didn’t play. … Wade was presented with a wrapped gift before the game from Wolves owner Glen Taylor. Wade averaged 24.4 points in 23 career games against Minnesota. He swapped jerseys with Towns after the game.Timberwolves: Minnesota became the second team in history to allow 1,000 3-pointers in a season, joining the Milwaukee Bucks, who have also done so this season. … The Wolves are 6-32 when trailing after three periods. … Kentucky head coach John Calipari was in attendance and sat behind Minnesota’s bench. Calipari coached Towns and Miami’s Bam Adebayo in college at Kentucky and Wolves guard Derrick Rose at Memphis. Rose was inactive, but stopped by to chat with Calipari during the game.EMBRACING THE ROLEAfter snapping their playoff drought last season, Minnesota is again on the outside of the postseason this year. Yet, Minnesota is enjoying the role of spoiler.“That’s our mindset,” Wiggins said. “We’re not going to make it, so we’ve got to make it rough on everybody else.” DA eyes importing ‘galunggong’ anew LATEST STORIES View comments MOST READ Private companies step in to help SEA Games hostinglast_img read more

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ITCM to anchor Shanghai Business Events Week

first_imgShanghai will host IT&CM China 2011 Source = e-Travel Blackboard: M.H The inaugural Shanghai Business Events Week has been boosted by the inclusion of IT&CM China, which will anchor the initiative taking place from 11 to 15 April this year. Launched by the Shanghai Municipal Tourism Administration (SMTA), the project will bring together six MICE events under one umbrella and will highlight China’s increasingly popular status as a MICE destination. “China has positioned itself well on the international stage and is attracting demand through increased and suitable space and inventory combined with competitive rates,” Hilton Shanghai business development director Victor N de Vries said. “Outbound wise, China has an already large and growing footprint on world business.” IT&CM China 2011 is the 5th edition of the international MICE event that seeks to “Promote China to the World and the World to China”, and will be held from 13 to 15 April at ShanghaiMart Expo. Themed “China’s Next MICE Wave”, the event will feature more than 2,000 delegates from across China and 40 countries worldwide. Joining IT&CM at the Shanghai Business Events Week will be SMTA’s China (Shanghai) International Meetings & Conferences Forum, Global Business Travel Association’s Corporate Travel Expert Certification Course, ICCA’s Association Database Workshop, IMEX-MPI–IT&CM China’s Future Leaders Forum and the TTG China Travel Awards.last_img read more

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Servicers Get Ready for CFPBs Updated Rules

first_img in Daily Dose, Headlines, News, Servicing By Kendall BaerAll provisions of the CFPB’s mortgage servicing final rule and interpretive rule were published in the Federal Register on October 19, most becoming effective 12 months after the date of publication (October 19, 2017) with the exception of the “successor in interest provisions” and “bankruptcy periodic statement” that will become effective 18 months from the date of publication (April 19, 2018).The 900-page finalized set of rules on mortgage servicing, unveiled in early August, were designed to ensure that homeowners, struggling borrowers, and property heirs are treated fairly by mortgage servicers. CFPB officials Laurie Maggiano, Manager for Servicing and Securitization Markets, Research, and Regulation, and Laura Johnson, Senior Counsel in the Office of Regulations, presented an overview of policy and programs that impact the mortgage industry based on these rules at the Five Star Conference and Expo in Dallas in September. This was one of the first times the Bureau provided an in-depth, in-person training since the promulgation of the new servicing rules since they were finalized on August 4.CFPB Director Richard Cordray said, “These updates to the rule will give greater protections to mortgage borrowers, particularly surviving family members and other successors in interest, who often are especially vulnerable.”The finalized rules dictate that servicers must provide certain borrowers with foreclosure protections more than once over the life of the loan. According to the CFPB, this change will be particularly helpful for borrowers who obtain a permanent loan modification and later suffer an unrelated hardship, such as the loss of a job or the death of a family member, that could otherwise cause them to face foreclosure. Servicers must also clarify borrower protections when the servicing of a loan is transferred and provide important loan information to borrowers in bankruptcy.The updated rules also more clearly define various roles in the foreclosure process. For those who inherit property, the potential foreclosure process has been especially perilous. The updated rules establish a broad definition of “successor in interest” that generally includes persons who receive property upon the death of a relative or joint tenant, via divorce or legal separation, through certain trusts, or from a spouse or parent and gives them, generally, the same protections outlined under the CFPB’s mortgage servicing rules as the original borrower.These amendments also require servicers to notify borrowers when loss mitigation applications are complete and provide greater protection for struggling borrowers during servicing transfers. The rules also clarify servicers’ obligations to avoid dual-tracking and prevent wrongful foreclosures, as well as when a borrower becomes delinquent.To learn more about these rules, click HERE. October 19, 2016 814 Views Sharecenter_img Servicers, Get Ready for CFPB’s Updated Rules CFPB Mortgage Servicers 2016-10-19 Seth Welbornlast_img read more

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True money supply is the sum of cash checking and

first_img True money supply is the sum of cash, checking and savings accounts, plus a few other minor deposit categories. This measure of the money supply quantifies deposits that can be withdrawn at short notice, making it superior to other measures. The black dotted line represents an exponential rate of growth—the fastest rate at which this measure of money can grow without eventually tipping into hyperinflation. Today, the actual money supply is about $3 trillion above the hyperinflationary level. Thus to avoid monetary hyperinflation, $3 trillion must be withdrawn from the Fed and bank balance sheets. Ain’t gonna happen. We are already seeing early signs of price inflation, closest to where the money enters the economy. The wonkish name for this is the “Cantillon effect.” Asset prices are rising, and the cities that are major financial centers are thriving, with prices significantly above those in rural areas. Next, expect raw materials and commodities prices to rise as foreign exchanges try to recycle excess currency. I find the complete blindness to monetary hyperinflation in the economic and financial establishment remarkable, even in my most cynical moments. But there is no consolation in this knowledge—only the drive to prepare for what I consider inevitable nasty inflation. Alasdair Macleod first became a stockbroker in 1970 and a Member of the London Stock Exchange in 1974. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. After 27 years in the City he moved to Guernsey, where he advised a variety of offshore institutions as a consultant, becoming an executive director for an offshore bank in Guernsey and Jersey.  He is currently head of research for GoldMoney.com. Supposedly one of the top ten reasons to become an academic economist is that it gives you a chance to talk about money without ever having to make any. Also, you get to say “trickle down” with a straight face. The contrast between mainstream academic economics and “real world economics” has always been stark, but today the disconnect is so enormous that it seems the two have nothing at all in common. If you were to ask Paul Krugman and Doug Casey how to fix what ails our economy, you’d get two diametrically opposed answers. Here are some educated guesses why that may be the case: Mainstream economics relies heavily on mathematics, whereas real-world economics shuns it. In the hard sciences like physics or chemistry, fields based on immutable natural laws, focusing on math produces the best results. Economics, on the other hand, is a social science and attempts to explain human behavior—arguably the most fickle of actions, and no more mathematically quantifiable than the exact degree of mortification when throwing up on the dress of your 12th-grade crush at a high school reunion.  Which, of course, has never happened to anyone we know. The misguided belief that aggregate demand drives the economy creates a vicious cycle. Mainstream economists believe that aggregate demand—the total demand for goods and services in the economy at a given time and price level—is the wellspring from which all prosperity emerges, and so anything that increases aggregate demand must be positive, even otherwise wasteful government spending. Economists also use these as an excuse to make laughably rosy forecasts. After all, consumers spend more when they think the economy is growing like Jack’s beanstalk, so why not add some more beans while we’re at it? It’s all for the greater good. We initiates, of course, know what awaits us at the other end of that lofty stalk. Contrast that with real-world economists who are loyal to their investors, clients, or subscribers. If our Chief Economist Bud Conrad constantly made incorrect forecasts in order to help the economy recover, we wouldn’t have any subscribers. That’s why Bud tells it like it is—as he will in the upcoming issue of The Casey Report, in which he evaluates whether tepid GDP growth or soaring stock prices more accurately describe what’s really happening in the economy. I’m sure I’ve overlooked many other compelling reasons. But regardless of why economists differ, it’s important to understand on exactly which issues they differ, and which understanding is correct. This week’s contributor is real-world economist Alasdair Macleod, head of research at GoldMoney. In a scathing article, Alasdair explains a few of the common errors mainstream economists make, the origins of those errors, and why they’re wrong. Enjoy, and see you next week. In the hallowed halls of academia, you need not be correct to be useful. In the world of business, if you’re wrong more often than you’re right, you won’t stay in business for long. In contrast, academic economists can and have made very successful careers out of being apologists for the regime. No matter that they’ve been dead wrong in virtually every forecast they’ve ever made: as long as their forecasts align with their peers’, they can collectively claim, for example, that no one could have ever seen the financial crisis coming.center_img Most academics believe that their work is worth more than the free market gives them credit for. That’s not to say that academics’ work is not important—it is. But there’s a huge difference between thinking and doing, and those who are paid only to think rarely become wealthy. My guess is that academics are bitter about this fact, and believe that because the free market doesn’t adequately reward them, there must be something wrong with it. They correctly understand that oftentimes, the only way for them to obtain a lot of money is to steal it via the government; and because that principle applies to their line of work, it must apply to all others too. Dan Steinhart Managing Editor of The Casey Report The Blindness of Modern Economists By Alasdair Macleod, Head of Research, GoldMoney The economic establishment failed to foresee the banking crisis five years ago. They then assured us that monetary stimulus was all that was needed to get economic growth back on track. Despite their abysmal track record, they continue with the same flawed Keynesian and monetarist beliefs, refusing to even consider they might be wrong. They are a collective of wise monkeys, seeing no evil, hearing no evil, and saying no evil. The economic establishment blames today’s evils on free markets, a lack of government intervention, and banks for being reluctant to lend. It blames government deficits on cheats who don’t pay their taxes. I could go on; instead, I will attempt to identify the mounting dangers that face us all. There are four horsemen of the global economic apocalypse, all interlinked: the overburdened economy; broken banks; expensive interventionist governments; and a developing welfare and pension crisis. As a politician aptly described to me when I interviewed him a few months ago in Brussels, trying to squeeze out economic growth under these conditions is like trying to fly a plane with concrete wings. This simile applies best to the European Union, but it is also true in the US, Japan, and the UK. The economic establishment will never understand the true causes of our economic problems by focusing on econometrics. For example, reliance on gross domestic product (GDP) is a major error. Faith in this money-total of all transactions is so ingrained that the fact it can only measure quantity, not quality, is never considered. GDP treats wasteful government bureaucracy and genuine production that satisfies consumer demand as one and the same. For that reason, GDP is not an accurate measure of progress. As a result, the quality of economic transactions has deteriorated, and few seem to care or even notice. More government spending bolsters GDP, particularly when credit and money are issued out of thin air, which is why the Europeans so cherish their concrete wings. But it does not make us better off. Monetarists also persist in their belief that the velocity of money is a predictive tool, either for changes in economic activity or the rate of inflation. This can be traced all the way back to David Ricardo at the time of the Napoleonic wars, who tried to link increases in gold quantity to increases in prices. Now, it is true that there is a very rough correlation between the two, but at the very best it was a summation of price effects when gold circulated as money, which it does not today. Today’s fiat currencies are devoid of all intrinsic value and depend on confidence for their purchasing power, which changes independently from supply factors, though supply can be an influence. Ricardo suffered under the common delusion that prices were determined by costs, while any economist who truly understands prices knows that they are determined by the subjective opinions and desires of the consumer. Prices are not determined by a simple mathematical relationship, but rather people’s preferences for what they will buy and how much they will pay. Monetarists unquestioningly rely on mathematics, which is only a valid method of study for the physical sciences. This leads them to ignore reality—like the reality that we earn our income once, and out of that we pay for our needs, pleasures, and savings—all on our own terms. Nor do we hoard our money, as they seem to think happens when velocity slows. There is no mathematical relationship to predict or illustrate these human dynamics. It is no wonder that the greatest economist of the last century, Ludwig von Mises, wrote that “in the long run we are all dead” was the only correct declaration of the neo-British Cambridge school. He also concluded that Keynes merely wrote an apology for the prevailing policies of governments, a tradition followed by Keynesians and monetarists to this day. Our collective of wise monkeys has no interest in the truth, because the truth earns them no nuts. For that reason, we must make up our own minds. We must understand that from the days of Keynes, the economic establishment has been egging on governments to progressively destroy individual wealth and liberty. The ownership of wealth has been replaced by debt, and savings replaced by bank credit. The financial crisis of 2008 was merely the end of this unsustainable road. It represented a systemic refusal to continue down this route. Since then, central banks have sought to blow more air into the deflating credit bubble by creating more raw money. Central bankers are acutely aware that if they did not do so, many banks would go bankrupt. By subscribing to the GDP fallacy, they justify printing money to maintain government spending. Their naïve belief in the quantity theory of money persuades them that they need to print money to make prices rise by a targeted 2% per annum, and moreover that the relationship between the quantity of money and prices can be managed. These combined errors lead central bankers to print too much money, a grave mistake illustrated by the chart below, which shows that growth rate of the US money supply is now at hyperinflationary levels.last_img read more

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Kennedy Odede seems like the kind of guy who would

first_imgKennedy Odede seems like the kind of guy who wouldn’t be scared of anything.He’s lived through a lot – and kept on going. When he was around 10, he ran away from home – and a violent stepfather. He lived on the streets in the slum of Kibera in Nairobi, Kenya. Once a mob beat him up for stealing a mango. “I thought I was going to die,” he says. Another time he was stabbed in the arm. “I still have the scar,” he says. (Read his story here.)With the help of a kind priest, he turned his life around, went on to attend Wesleyan University in the U.S. and in 2004 went back to Kibera to set up an anti-poverty charity called Shining Hope for Communities (SHOFCO), offering free education for girls and health services and water for residents. Last year the group won a humanitarian prize from the Conrad N. Hilton Foundation.But there is one thing that frightens him.”I was scared of being a father,” confesses Odede, 35. He and his wife, Jessica, are now the parents of two young children, a son and a daughter.”How do you be a good father?” he would ask himself as fatherhood loomed. “I should do it the right way. But by the way … what is the right way? What are we going to teach the children, how do we teach the children? Oh my God, if things go bad, it’s my blame.”His wife, in case you’re wondering, was not scared of motherhood. “My wife is scared of insects,” he says. “I’m not scared of insects because of the way I grew up. I slept with rats. I was scared of dying from hunger.”As he tries to be a good dad, he recognizes that his own childhood will be a huge influence. “When I was beaten, not feeling safe, I wanted to have someone to talk to without fear. I also wanted to be loved. I wanted comfort.”He’s determined to be the kind of father he didn’t have. A father who’s “the rock for the children.” He wants his children to be able to figuratively (and perhaps literally) stand on their father and “feel, ‘Yes I’m on the rock” — a place where they feel safe.He is quick to note that the father is not the only rock in a child’s life. “Fatherhood for me is like the bicycle,” he says. “The bicycle needs two wheels.” That’s the father and the mother. “So there is no way of being a good father by forgetting the other wheel.”For Odede, a big part of fatherhood revolves around “emotional issues.” For example, he wants to teach his children that “it’s okay to be sad, to let feelings come, to cry. We are told in African culture men don’t cry, it shows you are weak. They’ll say stupid things like, ‘What are you crying like a woman?’ But you can become violent if you don’t allow the emotion come out.”Odede himself is a crier. “I’m an emotional man, my tears come when I’m touched. I really cried when we got pregnant.”And he doesn’t mind who sees him crying. “When people see my tears sometimes they get shocked because of my status in the community,” he says. As the head of SHOFCO, “people look up to me. When they see my tears, they say, ‘Wow, can you believe Kennedy cried!’ ” He thinks it’s good for his children and his neighbors to see.As Odede walks the road of fatherhood, he’s finding out that even though parents teach their kids, children teach their own lessons. “Fatherhood is being patient,” he says. “I’m a community organizer – do this now, this has to be done. Fatherhood tells you, relax, man, somebody else is in control.”Ten months after becoming a dad, he’s glad that he was scared in advance. “I think being scared was good for me, really prepared me,” he says. “My fear helped me see that a child just wants love, just wants the rock, just wants you, you, you.”Kennedy Odede has also learned that being a father, despite the awesome responsibilities, is a lot of fun. “I became an adult very, very fast,” he says. When he plays with his kids, when he reads storybooks to them, when he does funny things, “I’m having my childhood back.” Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

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