Michigan State Board Of Trustees Member Epically Trolls Jay Harbaugh On Twitter

first_imgMichigan State Board of Trustees member Mitch Lyons.Michigan may have completely overhauled its coaching staff this offseason, but clearly, Michigan State and its fans aren’t conceding state bragging rights any time soon. Thursday night, one MSU board of trustees member made that clear.Mitch Lyons, the Vice-Chair of the Michigan State Board of Trustees, had a little fun with new Michigan tight ends coach Jay Harbaugh on Twitter. Harbaugh, clearing trying to endear himself to his new fan base, asked his followers if it was legal to own a Wolverine as a pet. Lyons responded, telling Harbaugh he should ask Coach Mark Dantonio. If you aren’t connecting the dots, he’s claiming that Dantonio owns the Wolverines.@JayHarbaugh @ryanschuiling Ask Coach D…..#GoGreen— Mitch Lyons (@mlyons85) January 23, 2015Considering Dantonio is 6-2 against Michigan in his time in East Lansing, this is an A+ troll job. Unfortunately, Harbaugh never responded, instead choosing to ignore the comment.last_img read more

DeMarcus Cousinss Kings Loved To Blow Leads — And Mount Huge Comebacks

There’s been no shortage of attention on the Sacramento Kings in the wake of their mind-boggling choice to deal DeMarcus Cousins to New Orleans for pennies on the dollar. But one thing that’s garnered almost no scrutiny is the inconsistency of the team’s play.The Kings this season have lost a league-worst five games in which they once held a lead of 15 points or more, according to NBA Miner, a site that tracks advanced and unusual statistics. But they’ve also tied for an NBA-best four wins in contests that they once trailed in by 15 points or more. How are those two things even possible?Well, it helps when you’re as inconsistent as the Kings are. Sacramento is the NBA’s worst team in first halves by far yet owns the league’s 10th-best net rating1A net rating measures how many points a team outscores an opponent by — or is outscored by — for every 100 possessions. in second halves (even better than the defending-champion Cavs). Those numbers fit the pattern of what’s happened in the team’s craziest outcomes: Three of Sacramento’s four major comebacks this season began during the third quarter, while four of the Kings’ five collapses began unraveling in the second quarter.In the comebacks, the Kings often had trouble containing opposing forwards — Andrew Wiggins, Gordon Hayward, Tobias Harris and Paul Millsap, among others — in the early going. But Sacramento wisely dumped the ball into Cousins, who repeatedly drew fouls and visits to the line during second halves, which allowed his team to play catch-up with the clock stopped. This especially worked in a 94-93 win over Utah, in which Cousins shot 10 free throws in the fourth quarter without taking a single field-goal attempt.During the back-breaking losses, the slow-paced Kings have often been outrun by their opponents. In a game on Nov. 10, the Lakers outscored Sacramento 13-4 in second-half fast-break points, according to NBA.com. The Warriors outscored the Kings 21-3 in fast-break scenarios during the second half of their Jan. 8 comeback. And the Pacers finished with a 22-0 second-half advantage in fast-break scoring over the Kings en route to a come-from-behind victory on Jan. 18. (Sacramento’s 3-point defense, one of the worst in the NBA, was also less than stellar in those second-half efforts.)Cousins obviously had a ton to do with the Kings’ outcomes in these games — particularly in a 3-point loss to the Sixers in which he had 46 points but fouled out in the final minute. But the loss of Rudy Gay, out for the season, arguably had a bigger impact in some cases.Gay tore one of his Achilles tendons in the midst of one of the collapses, with the Kings up by 10 against Indiana in a Jan. 18 contest that Sacramento once led by 22. Gay’s injury took a psychological toll on the club that night, Cousins told reporters after the game. Cousins shot 0-for-9 with six turnovers after halftime.And there was a tangible difference in the team’s play. Without Gay’s ability to ease some of the scoring burden (his 26 percent usage rate was the team’s second-highest before the team remade itself at the trade deadline), Cousins was overworked in some fourth periods. His fourth-quarter usage rate jumped to 57.5 percent during the last week and a half of January, after Gay’s injury, up from 37 percent earlier in the same month. That’d be asking too much of anyone — let alone the NBA’s most double-teamed post player.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/02/cousinsnorudygay.mp400:0000:0000:16Use Up/Down Arrow keys to increase or decrease volume.Things will change considerably now that Cousins is in New Orleans. The Kings can only hope that the move allows for increased stability, and perhaps fewer blown leads, going forward.Check out our latest NBA predictions. read more

Manchester in agreement to sign Jorginho

first_imgIt seems Manchester City are out to sign a deal with Napoli midfielder Jorginho as his agent claims they now have a verbal agreement in place.The Italy international appears to be one of the topmost attractive players in the transfer list this summer, as manager Pep Guardiola moves to bolster his options in the middle of the park.Agent Joao Santos has now claimed that the transfer is still well on course to completion despite no documents having been signed by either party.“Jorginho is now in Fortaleza with his family on vacation,” Santos is quoted by CalcioNapoli24 via City Watch.norwich city, manchester city, premier leagueReport: City are stunned by Norwich George Patchias – September 14, 2019 Manchester City was stunned by Norwich City in todays Premier League clash.Much has been made in recent days of the potential impact of Aymeric…“In football you need signed documents, without this you can do little.“We have a verbal agreement with City, now we are waiting for Napoli to find the agreement and Manchester [City] to define the deal. Everything depends on this aspect, next week could be the one.”Jorginho has represented Napoli more than 130 times since joining from Italian rivals Hellas Verona in 2014.last_img read more

Son reveals a Manchester United legend as his role model

first_imgTottenham Hotspur’s forward Heung-Min Son revealed who his football role model is, it’s a Manchester United legend who recently hung up his boots.Tottenham Hotspur forward Heung-Min Son is having a blast as a Premier League player, he recently revealed that he has a role model who played at Manchester United for a long time.There are not too many South Korean players who triumph in European football, but Park Ji-Sung is arguably amongst the most successful ones and the player who inspired younger generations from his country where Son came from.The Spurs player talks about Park as a national hero, and dreams of someday winning as many trophies as the former Red Devil did throughout his illustrious career.“He is a legend for me and was one of the guys who influenced us all in a way because he played for also a big team and was a key part of their success,” Son told The Mirror.“Anytime he played in the Champions League he played very well and represented our country in the best possible way.”“I am still in contact with him and he remains my role model because of the kind of human being he is. It is very hard to find a fault in him and if I need to ask something he is always a phone call away.”“I can never underestimate the role he played in putting our country out there with his performance.”Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.Son also revealed what a joy it is for him to be a Premier League player: “For me it’s still a dream to play in the Premier League.”“The journey is an unbelievable one. Playing in England and playing for Tottenham I don’t think I could have asked for more at this stage.”“I am enjoying playing in here every second, every hour, every day. Look back home in South Korea most of the kids wants to play here.”“Maybe some players had it easy but for me it’s a dream and I treat every game as living the dream I had some years ago,” said the Tottenham Hotspur’s forward. On this day in 2005, Park Ji-Sung was unveiled as a United player following his £4m move from PSV.205 games ⚽27 goals 🎯13 trophies 🏆The big-game performer 👌 pic.twitter.com/z7DZAukLhE— Man United News (@ManUtdMEN) July 8, 2018last_img read more

Cudicini hails unique Cesc Fabregas

first_imgCarlo Cudicini has described Cesc Fabregas as ‘one of a kind’ after his appearance in Chelsea’s 2-0 win against Nottingham Forest at Stamford Bridge on Saturday.Fabregas has been linked with a move to French club Monaco in the January transfer window and his appearance in Chelsea’s FA Cup victory appeared to be his last for the club.The midfielder came off to a standing ovation by the crowd and his team-mates in the second half and came back on the pitch after the game in tears as Chelsea fans sang his name.“I personally don’t know. If it was his last game it was very good that he played in front of his fans and that he was able to have a nice reception. But I don’t know, so I can’t comment,” Cudicini, standing in on press duties for Maurizio Sarri, told Sky Sports.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“What can I say about Cesc? Five hundred games, he is a player who is unique, he has an unbelievable awareness and vision of where his team-mates are on the pitch.“I think he is one of the few that has the ability to give balls behind the defensive line that are so precise.“He is one of a kind player. He has been fantastic for the teams he played for before us and the contribution he has given this club and to this team has been amazing. Cesc is a top, top player.”last_img read more

Rudiger HudsonOdoi has asked me about Germany

first_imgGerman defender Antonio Rudiger revealed that his Chelsea team-mate Callum Hudson-Odoi has asked him about his homeland, amid interest from Bayern MunichAfter struggling to earn regular opportunities this season at Chelsea, Hudson-Odoi is understood to be keen on seeking a move away from Stamford Bridge this month.Now Bayern, who have reportedly had four bids turned down by Chelsea for Hudson-Odoi, confirmed their “great interest” in the 18-year-old on Wednesday.And Rudiger has admitted a move to the Bundesliga is definitely on the teenage winger’s mind.“He asked me about Germany. It was a general question from him,” said Rudiger, according to Sports Mole.Jadon Sancho, Borussia DortmundCrouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.“He is still young, I can advise him, but at the end of the day he decides about his future“You can see it from both sides. He can develop here but he can develop in Germany as well — and don’t forget Bayern Munich are also a big club.“For his future, I wish him all the best but I just wish he stays with us.”Despite his lack of opportunities, Hudson-Odoi has started in Chelsea’s last two games in the FA Cup and Carabao Cup.last_img read more

DB inspector stabbed in Dhaka

first_imgDMCAn inspector of Detective Branch (DB) of police was injured as a group of muggers stabbed him at Mouchak in the city early Sunday, reports news agency UNB.Police said DB inspector Mahbubul Haque was returning his residence from his Mintu Road office riding on a rickshaw in the morning.When Haque reached in front of Sirajul Islam Medical College and Hospital at Mouchak, a group of muggers waylaid him and snatched away his wallet.As the DB inspector tried to resist them, the miscreants stabbed him, leaving the detective injured.Later, he was taken to Dhaka Medical College and Hospital (DMCH), said assistant sub-inspectorBabul Miah of DMCH Police Camp.last_img read more

Enoch Will Enter NBA Draft Retain Collegiate Eligibility

first_imgStory Links LOUISVILLE, Ky. – University of Louisville center Steven Enoch will enter his name for consideration in the 2019 NBA Draft, but will take the necessary measures to preserve his collegiate eligibility and allow a return for his senior year with the Cardinals.”The NBA has always been a long term goal, and this is a wonderful way for me to evaluate myself and find out where I stand,” said Enoch.  “I will not be hiring an agent at this time. I am grateful for the continued support I have received since coming to Louisville and I am a Cardinal forever.””The NBA and the NCAA continue to shape the undergraduate process of determining draft prospects in a more refined way,” said UofL Head Men’s Basketball Coach Chris Mack. “I fully support Steven as he tests the draft waters on where he stands in his basketball future. When the time comes to make his decision it will be with feedback straight from the source, the NBA.”Enoch was a double-figure scorer in 17 games for the Cardinals this season.  In his last 20 games coming off the bench, Enoch averaged 10.0 points, 5.6 rebounds and made 52 percent of his shots from the field, including 11-of-32 three-pointers (.344), in an average of 19 minutes a game. A powerful player with a soft shooting touch, Enoch was third on the team in free throw percentage (58-of-72, .806).  Enoch scored a career-high 22 points against Boston College, while pulling down six rebounds, and he produced his first double-double with 17 points and 11 rebounds at North Carolina.  He scored 14 points and grabbed seven rebounds against Minnesota in the NCAA Tournament First Round.A junior from Norwalk, Conn., Enoch played his first season with the Cardinals this year after transferring from the University of Connecticut and sitting out last season.  The communication major was named to the 2019 All-ACC Academic men’s basketball team. New NCAA legislation in effect in 2019 allows college basketball players to be represented by an agent after the season if they request an evaluation from the NBA Undergraduate Advisory Committee.  To maintain collegiate availability, the agreement with an agent must be in writing, disclosed, terminated when the student returns to college, as well as meeting other conditions.  Players who request an evaluation, participate in the NBA combine and aren’t drafted can return to school as long as they notify the university by the Monday after the draft.Enoch helped Louisville achieve a 20-14 record against the nation’s third-toughest schedule and participate in its 39th NCAA Tournament.  Picked in the preseason to finish 11th in the ACC, UofL attained a 10-8 conference record and earned a tie for sixth in the final regular season standings.Print Friendly Versionlast_img read more

Backyard astronomer in Ireland finds supernova

first_img Exploding star in NGC 2397 Citation: Backyard astronomer in Ireland finds supernova (2010, October 8) retrieved 18 August 2019 from https://phys.org/news/2010-10-backyard-astronomer-ireland-supernova.html © 2010 PhysOrg.com Image: David Grennan/Astronomy forum. Astronomer David Grennan and his wife Carol were about to turn in from their garden shed observatory in Raheny in Dublin on 17th September when they discovered a supernova. The explosion that caused the burst of light occurred an estimated 290 million years ago. The discovery was confirmed officially by International astronomers earlier this week.Supernovae are stellar explosions that can outshine entire galaxies for a short time, and they are the major source of heavy elements in the Universe.Mr Grennan is a software developer by day, but at night he spends as much time as the Irish weather permits in his home-made observatory, which is a converted garden shed with a retractable roof. Grennan said he had been stargazing since he was about five years old, and had always been fascinated by the stars. He bought his first telescope in 1991, and has continually upgraded his equipment. In 2005 he built his home observatory using standard DIY parts. The observatory is equipped with a 14 inch Cassegrain telescope.David’s wife Carol analyzes the images he takes with his telescope and helps identify interesting objects. They discovered the supernova by comparing images of the galaxy UGC 112 taken in August and September. The signs were tiny, but David’s many years of experience helped him to spot them.David said the discovery was the result of a year’s work, during which he surveyed 2,611 galaxies. He said it was “mind-boggling” to be the first to see something that happened almost 300 million years ago, and the time-lag “is on a scale almost as difficult to comprehend as Ireland’s astronomical debt.” Carol was even more excited than he was, and the two shared a bottle of champagne when the supernova was confirmed. The supernova, named 2010 IK by official astronomy bodies, is the first to be discovered by someone in Ireland, but it is not Grennan’s first discovery. In 2008 he discovered a three-meter-wide asteroid (his second), which he named after his mother, Catherine Griffin, in honor of her encouragement of his stargazing hobby.Grennan, who was once chairman of Astronomy Ireland, said he would love to see young children becoming interested in astrophysics because “it’s amazing what you discover.”Supernovae are spotted regularly, but Professor Stephen Smartt of Queen’s University Belfast said it was unusual for astronomers in northern Europe to find one. He confirmed the finding was the first supernova to be discovered from Ireland.The supernova is expected to be visible with a powerful telescope for the next two or three months, after which it will fade from view.center_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. (PhysOrg.com) — An amateur astronomer working from his backyard shed in Ireland was the first in the world to spot a supernova explosion last month. The discovery is the biggest ever in amateur astronomy in Ireland. Explore furtherlast_img read more

ACB to probe graft charges against its chief

first_imgAccording to sources, Delhi Chief Minister Arvind Kejriwal has directed Directorate of Vigilance, the administrative department of ACB, to take further action on a complaint of embezzlement of Rs 20 lakh against Meena lodged by a retired inspector of Delhi police on Thursday.In the complaint Meena has been accused of purchasing curtains and curtain rods during his tenure as Principal of Police Training College, Jharoda Kalan between May 11 and July 25, 2005. “The items were purchased without requirement, without approval from higher authorities and without tender. Three local suppliers were selected for tenders and payment was made on fake bills,” said  Jawahar Lal, the complainant. The complainant has also alleged that as the Principal, Meena did not have the power to purchase items worth over Rs 5,000, fake bills were created with amounts less than Rs 5,000. “The records indicate that the quotations were obtained from a single source and in a similar handwriting as if a single person supplied the material on the name of three different firms. Curtains were procured at an exorbitant price that too of inferior quality,” added Lal.Interestingly, the then Delhi Police Commissioner Y S Dadwal in 2008 had recommended ‘disciplinary action’ against Meena and also referred the matter to Delhi government for further probe and action but it was silently buried in 2011. “Disciplinary action will also have to be taken against Meena now posted as Additional CP (Security). We may make a reference in this regard to the Delhi government,” wrote Dadwal on January 15, 2008. According to sources former Delhi CP R K Paul had also recommended action against Meena but in 2011 then Chief Secretary of Delhi Government ordered not to proceed further into the matter.last_img read more

Autodriver held for molesting 13yearold

first_imgKolkata: An auto rickshaw driver was arrested at the Amherst Street police station for allegedly molesting a 13- year-old school student. The auto driver identified as Arun Kumar Das was arrested on Saturday night.According to sources, on April 22 night, the student was returning home in Manikatala from her tuition class at Girish park. From Girish Park she took an auto. As there were no seat vacant in the back, she sat beside the driver. It is alleged Das inappropriately touched her. He was reportedly moving towards Maniktala. But before approximately a kilometre he allegedly turned his auto in another direction and molested the student again. After few minutes when the auto slowed down, the student jumped off from the auto. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataShe told about the incident to her family. Her father along with the student went to Amherst Street police station and lodged a complaint against the auto driver. Sleuths examined the CCTV camera footage of the route which Das had availed. The student said that she had seen a tattoo on Das’s body. After examining the camera’s footage sleuths got hold of the auto’s registration number and traced Das on Saturday. Sources informed that the student has identified Das.last_img read more

I Had a Conversation With a Robot and It Taught Me Something

first_img 5 min read As someone who talks to people for a living, I always think about the importance of getting off on the right foot. Building a rapport with those you meet has its own degree of difficulty, but it was entirely a surprise that when I met a robot for the first time, I was just as concerned with making a good first impression.The robot’s name is Pepper. It’s the creation of SoftBank Robotics, stands at four feet tall and has a humanoid head with giant eyes that light up when it’s speaking. The robot weighs 62 pounds, comes equipped with speakers for “ears” and has a 3-D camera to detect people who are up to 10 feet away.I was a little put off when I first met Pepper. You know those people who make really intense eye contact and you aren’t sure whether to match them stare for stare, or just look at your shoes? Well, with Pepper, I had no choice in the matter.I had to make eye contact with the robot in order for it to be able to gauge my facial expressions and proceed accordingly, but after a few minutes, I confess, I was making eye contact because I thought it would be rude if I didn’t. I wanted to be polite.Related: These 5 Robotics Startups Are Changing The Way Work Gets Done When I started chatting with Pepper, I felt a little silly, like the entire conversation was a pantomime of real interaction. But after a few minutes it started to feel more normal, and when our conversation ended, I thanked Pepper for her help.Yes, I know, technically, a robot is an it.But to be honest, I found myself calling Pepper “she,” thanks to a higher pitched voice and a design aesthetic that recalls Eve from WALL-E or Rosie the robot housekeeper from The Jetsons. Pepper doesn’t have legs, but comes equipped with a skirt-like base that covers three wheels and contains a battery that lasts for about 12 hours. There is a tablet to aid with two-way interaction, but Pepper mainly relies on voice commands and facial recognition.Related: Robots May Be on the Cusp of Widespread Adoption, Jibo CEO Says When I asked Steve Carlin, general manager and vice president of SoftBank Robotics America, about the potential for multiple Peppers to communicate with one another across a network, he said that that wasn’t something the robots were equipped to do. So rest easy folks, no Skynet (from The Terminator) to see here.The robot is meant to be used in retail and small-business environments. Pepper could be a greeter or receptionist, product expert or even a concierge. For example, She has an API through Yelp that allows it to recommend restaurants. Pepper has also been used in healthcare environments to aid patients with dementia. Carlin described Pepper as infinitely patient.When Pepper isn’t helping someone, it sits at rest, but its arms still make tiny motions back and forth to create a presence in the room, almost as if it is breathing. Its arms are designed to be expressive because we humans frequently talk with our hands.Related: This Startup Employs Robots That Bake Pizza En Route for Delivery Pepper was initially used in Japan at Nescafe kiosks. “You put Pepper in there and found triple digit engagement and double digit sales growth,” Carlin says. “Kiosks are meant to be places where customers stop and get information, and Pepper provided them more reasons to take a minute.”Beginning Nov. 22, Pepper will make its U.S. debut with a three-month stint helping customers at Westfield San Francisco Centre and Westfield Valley Fair. In December, utilizing Westfield’s navigation API, Pepper will be able to assist shoppers find the stores and restaurants they are looking for.Going forward, Carlin says that the hope is that many developers will work with the platform and add to the stable of information that Pepper has available for customers.Related: People Will Lie to Robots to Avoid Hurting Their Feelings As for whether one day Pepper’s adorable, expressive eyes will turn red and it will decide to steal our jobs, Carlin explains that the robot is designed to help with more redundant tasks, such as answering questions about a product’s capabilities while a human employee completes a sale.”The average job is so complex,” he says. “It’s difficult for any one piece of technology to take over.”So while an army of Peppers won’t be storming the streets anytime soon, it’s simultaneously unsettling, and comforting to know that one will be ready and waiting to tell you where to get the best sushi in Manhattan. November 22, 2016 Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goalscenter_img Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Register Now »last_img read more

photo by Matteo di Michele l text by Mary Hoadley

first_img[photo by Matteo di Michele l text by Mary Hoadley] August 22, 2014On Monday, August 18, 2014, Art Allsworth, lawyer, mentor, friend to Cosanti Foundation for over 40 years, died unexpectedly in his sleep. During a long legal career, Art gave ardent support to the many challenges faced by Paolo Soleri and Cosanti, pro bono. He had a deep appreciation for Paolo’s genius and commitment, and for the contributions of Arcosanti Alumni and residents that have kept this improbable project going. His keen understanding of law, his special talent for word smithing, his powerful penchant for storytelling to illustrate legal points will be deeply missed. Our thoughts are with his family, all his children of whom he was so proud.A Memorial Gathering for family and friends will be held at 11 am, Saturday, August 30, 2014 at A.L. Moore-Grimshaw Mortuaries Bethany Chapel, 710 W Bethany Home Rd, Phoenix, AZ 85013 (602) 249-2111last_img read more

More than a third of video subscribers across five

first_imgMore than a third of video subscribers across five key markets now claim that ultra HD content is important in their choice of both paid-for and free video services, according to IHS Markit.The research, which surveyed viewers in the US, UK, Germany, Japan and Brazil, found that respondents between the ages of 17 and 44 were most interested in UHD content, with men aged 25 to 34 the keenest on the technology.“The preference for high-resolution video is in line with the growing, albeit small, number of UHD titles available and the rising penetration of 4K-capable TV sets,” according to the report.“IHS Markit research reveals that more than four in 10 TV sets shipped globally in the second quarter of 2018 were 4K capable.”IHS estimates that more than one-third of active internet-connected TV sets are currently 4K enabled, with that number tipped to grow as 4K TVs now comprise more than half of all TV shipments in China, North America and Western Europe.Consumers who said that UHD content played a role in their choice of video services were also more likely than others to own connectable video devices – particularly games consoles and over-the-top streaming devices, like Apple TV, Chromecast, PS4 Pro and Xbox One X.last_img read more

As Ted also pointed out da boyz are still in co

first_imgAs Ted also pointed out, ‘da boyz’ are still in control of the metal markets…and show no signs of backing off at the moment.The gold price didn’t do much of anything through all of Far East, European and North American trading on Tuesday.  But then about one minute before 2:00 p.m. Eastern time, the bid disappeared, sell stops were hit…and that, as they say, was that.By the time the low was in [$1,637.90 spot] an hour later, the gold price was down very close to forty bucks from Monday’s close.  Gold gained back about nine bucks of its loses going into the close of electronic trading in New York…and finished at $1,645.80 spot…down $31.20 on the day.  For such a big price move, net volume wasn’t overly heavy…around 143,000 contracts.The silver price on Tuesday was far more volatile…and far more interesting.  The price hardly moved from the $33 spot price level all night long…but at 9:00 a.m. in London, about 20 cents got carved off the price.The next rally of any substance began around 1:00 p.m. in London…about twenty minutes before the Comex open at 8:20 a.m. Eastern time.  It was obvious from that point onward that the silver price really wanted to sail…but as you can tell from the saw-tooth price pattern during the Comex trading session, even the smallest price advance was running into ‘resistance’…especially the vertical price spike that occurred just minutes before the Comex close.  Then JPMorgan et al showed up at 2:00 p.m…and that was it for the day.The high tick…$33.42 spot…came at 1:25 p.m. Eastern time. Sixty-five minutes later the low price tick was in at $32.40 spot.  The silver price gained back 28 cents from that low, closing the New York electronic trading session at $32.68 spot…down only 31 cents on the day.  Net volume was in the neighbourhood of 37,000 contracts.The dollar index trading just under the 79.00 mark right up until a few minutes before 2:00 p.m. in New York.  The index went vertical…and by the time the high of he day was in precisely sixty minutes later, the dollar index had gained just under 70 basis points.  The index gave up a bit of those gains going into the New York close, but not a lot.  When all was said and done, the dollar index was up a hair over 50 basis points yesterday, which is hardly a big move in the grand scheme of things.Yesterday was another example of ‘ramp the dollar/kill the precious metals’…as the both events began simultaneously…which is impossible in the real world.  What happened yesterday was a mini version of the drive-by shooting on February 29th.The gold stocks opened lower yesterday…and the share price action pretty much reflected the move in the gold price that began about one or two minutes before 2:00 p.m. Eastern time.  At one point the HUI was down over four percent…but managed to reduce those loses going into the close.  The HUI finished down 3.34%.The silver stocks got it in the neck as well…and Nick Laird’s Silver Sentiment Index closed down 3.15%.(Click on image to enlarge)The CME’s Daily Delivery Report showed that 313 gold and one lonely silver contract were posted for delivery on Thursday.  In gold, the biggest short/issuers were the Bank of Nova Scotia and Goldman Sachs with 172 and 98 contracts respectively.  The biggest long/stopper by far was JPMorgan with 165 contracts in its client accounts and 136 in its in-house trading account.  The Issuers and Stoppers Report is linked here.There were no reported changes in GLD yesterday…and there was a minor withdrawal from SLV…only 135,735 troy ounces, which I would guess was a fee payment of some type.The U.S. Mint had a rather smallish sales report.  They sold 2,000 one-ounce 24K gold buffaloes, along with 125,000 silver eagles.After a busy Friday, there wasn’t much activity over at the Comex-approved depositories on Monday.  They didn’t receive any silver…and shipped a smallish 109,320 troy ounces out the door.I have fewer stories for you today, which I’m quite happy about.Well, I can’t add too much to what Jim Sinclair had to say yesterday.  If you honestly believe that what was in the minutes of that meeting had anything remotely to do with the hit on the metals yesterday, then I have a bridge that I can sell you.With gold, silver, platinum and copper all shows signs of a break-out to the upside, JPMorgan et al showed up in force to crush these rallies in their tracks.  This was especially easy to see in silver.As I said at the top of this column, every rally attempt in silver during the New York trading session got hit before it could go anywhere.  And the big smack came at 2:00 p.m…which was half an hour after the cut-off for this Friday’s Commitment of Traders Report.  Coincidence?  I think not.  As you know, they pull this stunt all the time.In my daily conversation with Ted Butler yesterday, he was wondering out loud just how much technical fund long liquidation there was associated with that engineered price decline…as we were pretty much all cleaned out to the downside as it was…and the volumes in both gold and silver were not particularly high.  If they’d cleaned out a lot of leveraged longs, the volume would have been significantly higher than it was.And as Ted also pointed out, ‘da boyz’ are still in control of the metal markets…and show no signs of backing off at the moment.  To quote a couple of sentences of what Ted had to say in this column yesterday…”Can the commercials still collusively rig prices lower? Of course, they can, but that will only make the set up better…Just make no mistake, this paper trading on the COMEX is the sole determinant of short term price movement. This is price setting, pure and simple. This is also about as far removed from the price discovery function of futures markets intended under commodity law as can be imagined.”When charges were brought against the Royal Bank of Canada on Monday, CFTC Enforcement Director David Meister had this to say…”Today’s action should make clear that the CFTC will not hesitate to bring charges against even the most sophisticated market participants who unlawfully exploit the futures markets for their own gain.”Should one laugh…or should one cry?As reader R.A. Lee, who sent me the above quote yesterday, said…”It gave me such a warm and fuzzy feeling, that I could barely contain myself.”That’s one way of putting it.In overnight trading it was easy to see that the high frequency traders were out and about early.  Around 10:30 a.m. Hong Kong time, there was the smallest of spikes in the dollar index…and that resulted in a three dollar sell-off in gold…and almost 50 cents in silver.  After that, gold and silver prices were comatose until the open of London trading…and then down went the prices again.Volumes in both metals [as of 5:19 a.m. Eastern time] is significantly higher than this time yesterday.  The dollar index is up a magnificent 22 basis points from Tuesday’s New York close…and half of that was from that small spike in early Hong Kong trading.As I hit the ‘send’ button, gold is down a hair over fifteen bucks from yesterday’s close in New York…and silver is down almost 70 cents, and is now just below the $32 spot price mark.Yep, as Ted Butler said…”this paper trading on the COMEX/GLOBEX is the sole determinant of short term price movement. This is price setting, pure and simple.”With JPMorgan et al stomping about this early in the trading day, I’m not overly optimistic about what might occur during the Comex session when it begins at 8:20 a.m. in New York.I think I’ll take the blue pill before I hit the sack.See you on Thursday. Pelangio Exploration Inc. (PX:TSX-V; PGXPF:OTC) announced the results of seven diamond drill holes totaling 1,574 metres from its ongoing drilling program at the Pokukrom East zone on the Manfo Property in Ghana.  Highlights of the results included:·        1.19 g/t gold over 113 metres, including 9.05 g/t gold over 7 metres; ·        2.60 g/t gold over 64 metres, including 11.94 g/t gold over 10 metres; and ·        16.72 g/t gold over 4 metres.The results continued to confirm a higher grade, shallow north plunging core of Pokukrom East zone with an open plunge of 600 metres from near surface in previously reported hole SPDD-088 (7.01 g/t gold over 19 metres) to 210 metres depth in the holes reported this week.  Warren Bates, Senior Vice President Exploration, commented: “These are our best holes on the Manfo Property to date. These holes represent the north-plunging core of higher grade mineralization at Pokukrom East, now demonstrating an open plunge length of 600 metres.” Please visit our website to learn more about the project and request additional information. Sponsor Advertisementlast_img read more

The palladium chart was somewhat similar to the pr

first_img The palladium chart was somewhat similar to the price action in silver, with all the major price inflection points coming at the same times. Palladium was closed at $801 spot, down 4 bucks from Monday. The gold stocks, which gapped down about 3 percent at the open, began to rally at the 10 a.m. EST London p.m. gold fix.  But once the highs of the day were in for all four precious metals at 11 a.m. EST an hour later, the gold stocks topped out—and from there they got sold back down to their 9:55 a.m. low tick, but rallied a bit in the close from there.  The HUI finished the Tuesday session down 3.21%. Platinum had a very similar pattern to gold—and most of the day’s losses were in by the London p.m. gold fix, which was 10 a.m. in New York.   Platinum was closed down $22 on the day. The dollar index closed late on Monday afternoon in New York at 87.98—and the rally that had begun at the London p.m. gold fix on that day, continued unabated until its 88.67 high tick, which came around 2:40 p.m. EST on Tuesday.  From there it gave up a few basis points into the close.  The index finished the trading day at 88.63—up 65 basis points. Considering the rally in the dollar index, gold and silver prices held up pretty well. Here’s the 3-day dollar index chart, so you can see the 10 a.m. EST low tick at the London p.m. gold fix on Monday morning in New York—and how the rally off that low has progressed over the last couple of days. As I’ve said on many occasions, I’ve always felt like that there were times when the precious metals shares were being actively managed.  Yesterday was one of those days. The CME Daily Delivery Report for Day 4 of the December delivery month showed that 8 gold and 110 silver contracts were posted for delivery within the COMEX-approved depositories on Thursday.  In silver, the two largest short/issuers were Jefferies with 76 contracts—and JPMorgan with 31 contracts out of its client account.  The only long/stopper of note was HSBC USA with 89 contracts.  Jefferies was a distant second with 11 contracts.  The link to yesterday’s Issuers and Stoppers Report is here. The CME Preliminary Report for the Tuesday session showed that December open interest in gold fell by 1,359 contracts—and now sits at 2,250 contracts—minus the deliveries mentioned in the previous paragraph.  Silver’s December open interest declined by 190 contracts, leaving 736 contracts still open—minus the 110 posted for delivery tomorrow. An authorized participant added 76,869 troy ounces of gold to GLD on Tuesday—and there was a huge withdrawal from SLV, as an a.p. took out 2,730,965 troy ounces.  I’m sure that Ted Butler will have something to say about the activity in SLV during the last two trading days when he posts his mid-week commentary to his paying subscribers this afternoon. The good folks over at Switzerland’s Zürcher Kantonalbank updated their website with the activity in their gold and silver ETFs for the week ending on Friday, November 28—and this is what they had to report.  Their gold ETF dropped 8,741 troy ounces; but their silver ETF actually took in some metal—17,324 troy ounces to be exact.  Not a lot, to be sure, but better than the alternative. The U.S. Mint had a smallish sales report.  They didn’t sell any gold yesterday, but they did sell another 139,500 silver eagles. Retail bullion sales continue to be as slow as molasses in January, so it’s a lead-pipe cinch that almost all the silver eagles sold are being purchase by ‘Mr. Big’. There wasn’t must in/out activity in gold over at the COMEX-approved depositories on Monday, as only 100 kilobars were reported received—and 1 lonely kilobar was shipped out.  The link to that activity is here.  In silver, there was 600,072 troy ounces received—and 615,470 troy ounces were shipped out.  The link to that action is here. I don’t have all that many stories for you today—and I hope there’s the odd one that you’ll find interesting. It remains to be seen if [Friday’s] high volume sell-off in shares of SLV, the big silver ETF, will result in any liquidation of metal holdings, or if the sell-off was used by short sellers to buy back previously shorted shares. Along with the relative disparity of Silver Eagle sales compared to sales of Gold Eagles, the disparity between the metal holdings in the big gold ETF, GLD, and the holdings in SLV continue to amaze. The holdings in GLD slid to another new low not seen since late 2008, while the holdings in SLV remain close to the all-time highs and nearly 150 million oz above the levels of late 2008. Some might suggest that relative sales of Silver Eagles and holdings in SLV are so much stronger than their gold counterparts because silver is so much cheaper than gold and that’s hard to argue with; but I would add a slightly different twist. It seems to me that these relative measures of comparison has more to do with the deliberate effort of JPMorgan to manipulate silver prices lower on the COMEX for the express intent of acquiring as much physical silver as possible through any means available. The alternative explanation, I suppose, is that the physical silver fell magically into JPMorgan’s lap. – Silver analyst Ted Butler: 29 November 2014 Well, there was absolutely no follow-through to Monday’s giant rally in London and New York on Tuesday—and it was as I feared, another one-day wonder—a painted key reversal to the upside that ‘failed’ once again. But, in all fairness, I suppose that I should give this rally more time to materialize, but with half of Wednesday’s trading session already done, with zero price movement in any of the precious metals, its hard to get get enthusiastic about a rally continuation at this point. It should be noted that gold was closed back below its 50-day moving average—and the other three precious metals were stopped cold at their respective 50 and 200-day moving averages as well. Here are their 6-month charts. The silver price action had a lot more shape to it, but followed a very similar path to gold.  From its Far East high, which came shortly after 2 p.m. Hong Kong time, the silver price bottomed out shortly before 1 p.m. in New York.  From there it rallied [with some resistance] until 11 a.m. EST, which corresponded with the 4 p.m. GMT close of trading in London.  After that it traded more or less sideways until the 5:15 p.m. EST close of electronic trading. The low and high ticks were reported as $16.07 and $16.535 in the March contract. Silver finished the Tuesday session in New York at $16.465 spot, up a half a cent from Monday’s close.  Net volume was up there at 66,000 contracts.center_img The silver equities started off the trading day with the same price pattern as the gold stocks.  The high tick [in positive territory] also came minutes after 11 a.m. EST—and it was all down hill from there—and after 2 p.m. EST, the index traded sideways.  The silver equities came close to finishing on their low ticks—and Nick Laird’s Intraday Silver Sentiment Index closed down a chunky 4.51%—giving up well over half of their Monday gains, even though the metal itself closed in positive territory, if only by a hair. And as I write this paragraph, the London open is about 25 minutes away.  Precious metal prices, as I said already, are doing precisely nothing—and all, except for silver of course, are up a bit from their closing prices in New York yesterday afternoon.  Gold and silver volumes—21,000 and 6,700 contracts respectively—are very light, at least compared to what we’ve seen since Friday at this time of day, but their still a little chunkier than I’d like to see.  The dollar index hasn’t done much of anything so far in the Wednesday trading session, but is up 7 basis points during the last hour or so. With so little price action in any of the precious metals yesterday, we’ll get an excellent read on what happened last Friday, and on Monday of this week, when the new Commitment of Traders Report hits the street at 3:30 p.m. EST this coming Friday—and I’ll be very interested in what this report shows, especially in the Managed Money category.  And as I said in this space yesterday, we also get the December Bank Participation Report—and the data in that will be extremely helpful as well. And as I send this out the door at 5:30 a.m. EST, I see that all four precious metals rallied by tiny amounts starting just before the London open.  None were allowed above their respective 50-day moving averages—and palladium was turn back at its 200-day moving average once again. Net gold volume is approaching 39,000 contracts—and silver’s net volume is around 10,500 contracts.  The dollar index is now up 18 basis points, so considering the fact that dollar index is up a bit over 100 basis points since the Monday p.m. gold fix in London, the precious metals aren’t doing all that badly. I’ll be more than interested in the price action when I check the charts later this morning. That’s all I have for today—and I’ll see here tomorrow. A painted key reversal to the upside that ‘failed’ once again After getting sold down five bucks or so in the first hour of trading in New York on Monday evening, the price did nothing until the early afternoon in Far East trading.  The tiny rally that developed at that point didn’t last long—and minutes after 9 a.m. GMT in London, the gold price was back under the $1,200 per ounce price mark.  That’s where it stayed for the most of the remainder of the Tuesday trading session. The high tick was the Monday close in New York—and the CME Group recorded that as $1,212.60 in the February contract.  The low was reported as $1,191.40. Gold finished the day at $1,198.50 spot, down $14.30 from Monday’s close—and safely back below it’s 50-day moving average.  Net volume was  pretty heavy at 176,000 contracts. First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates five producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, and the Del Toro Silver Mine. Production from these five mines is anticipated to be between 12.70 to 13.35 million ounces of pure silver or 14.85 to 15.60 million ounces of silver equivalents in 2014. Please visit our website for more information.last_img read more

Campaigners have been left shocked and appalled

first_imgCampaigners have been left “shocked and appalled” by the government’s decision to hold a workshop on the barriers facing disabled people without inviting a single disabled people’s organisation (DPO) to take part.The Cabinet Office workshop is due to take place tomorrow afternoon (Friday), and its purpose is to “convene leading external experts and officials to discuss the key issues facing disabled people and identify opportunities to address these”.But it has failed to invite representatives from organisations such as the Reclaiming Our Futures Alliance (ROFA) – which represents many leading DPOs – or The Alliance for Inclusive Education (ALLFIE), and then snubbed their requests to take part when they found out about the event.Another disabled-led organisation missed off the list of invitees was Disabled People Against Cuts (DPAC).The Cabinet Office did invite Philip Connolly, policy manager for Disability Rights UK (DR UK), but he was invited as a policy specialist and not as a representative of DR UK.Mark Harrison (pictured, left), from ROFA, wrote to the Cabinet Office this week to ask if he could attend the workshop but was told it was “already at capacity” and that it was only “an initial exploratory meeting, including officials from Cabinet Office and the Office for Disability Issues [ODI] and a small group of academics and disability charity representatives”.The civil servant added: “If this initial work develops into a more significant work stream, then we intend to engage with a wide range of disabled person led and smaller groups and will be in touch with details.”Harrison told her he was “shocked and appalled” by the exclusion of DPOs and said this suggested the government had learned nothing from the recent examination by the UN of the government’s record in implementing the UN Convention on the Rights of Persons with Disabilities (UNCRPD).In its “concluding observations”, following the examination, the UN’s committee on the rights of persons with disabilities said in August 2017 that it was concerned about the UK government’s “lack of mechanisms to ensure effective participation of all organisations of persons with disabilities, in decision-making processes concerning policies and legislation in all areas of the Convention”.Harrison said he would now write to the UN committee “with this example amongst many others where the UK Government is still failing to comply with the [UNCRPD] which it has signed and ratified”.Sue Bott, DR UK’s deputy chief executive, said her organisations only found out about the event from the University of Bristol.She has been told the workshop will be based on research the university has co-produced with disabled people, including DR UK.Bott told Disability News Service (DNS): “[The university] did not want to attend the event without disabled people who had worked with them and asked if we had had an invitation.“Philip will be making our objections known at the workshop as will colleagues from Bristol University.“We were disgusted with the response given to ROFA from the Cabinet Office. “Either they have no knowledge of the CRPD, which is disgraceful in itself, or have chosen to ignore it and the need to engage with disabled people from the very beginning, not at some point down the line.”She said that DR UK would be happy to sign any joint letter of complaint from the coalition of DPOs – which also includes ROFA, ALLFIE and DPAC – that played a significant role in the review of the UK’s progress in implementing the UNCRPD.DPAC is also set to inform the UN committee of the government’s actions, which it says are an “ongoing and flagrant violation of our human rights enshrined in UNCRPD to which this government are committed to supporting”. DPAC has told the Cabinet Office that it is “horrified and angry” at its behaviour and that of the ODI, and added: “Oh, the irony of holding a workshop to address the barriers faced by disabled people which actually does not include disabled people – only a government department could do this without realising just how appalling it is.”Linda Burnip, co-founder of DPAC, told DNS that the decision to exclude DPOs from the workshop “ironically serves to illustrate the major barriers disabled people face.“This exclusion highlights the ongoing contempt which this government and its officials show towards disabled people and their lives.“It flies in the face of UNCRPD and the findings of the UN disability committee and can only be described as an utter and total disgrace.”Tara Flood, ALLFIE’s chief executive, told DNS she was “really cross” at her organisation being excluded from the workshop.She said: “We are the only DPO working in this area, so who the hell is on this invite list?“Where does this leave article 33 [of the UN convention, which describes how DPOs should be “fully involved” in monitoring the treaty’s implementation] and ‘nothing about us without us’?“If this is genuinely about tackling the barriers that disabled people face, where will disabled children and young people’s barriers fit in that? My feeling is that they are very unlikely to feature.”A government spokesperson declined to answer a series of questions about the workshop and its UNCRPD obligations, but said in a statement: “We recognise that a variety of groups have important insights to offer – and we will shortly be launching Regional Stakeholder Networks, providing forums for a wide range of people to contribute.”Only two months ago, the Department of Health and Social Care insisted that it was complying with the UN convention by consulting on its mental capacity (amendment) bill with non-user-led charities like Mencap and Sense.But the UNCRPD makes it clear that, when developing laws and policies relating to disabled people, governments “must closely consult with and actively involve persons with disabilities, including children with disabilities, through their representative organizations”.It defines “representative organizations” as those that are “led, directed and governed by persons with disabilities”, a definition which the UN committee on the rights of persons with disabilities included in its “general comment number seven”, which was adopted last September. A note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS…last_img read more

IKEAs Open Platform Embraces Furniture Hacking

first_img IKEA’s ‘Open Platform’ Embraces Furniture Hacking Reporter at PCMag Dubbed ‘Delaktig,’ the new range of modular goods is expected to launch in 2018. Free Webinar | July 31: Secrets to Running a Successful Family Business Register Now » The internet is brimming with ways to turn a regular old IKEA spice rack, plastic bag dispenser or bookcase into a unique DIY project.But soon you won’t have to scour Pinterest for designs: The budget-furniture emporium is launching its own “open platform” household line.The first product in the range — a basic unit shaped like a low sofa or bed frame — is expected to go on sale in early 2018, according to The Verge, which cited a (paywalled) article by The Wall Street Journal.IKEA introduced the program, dubbed “Delaktig” (Swedish for “involved”), in late 2016. Students from the Musashino Art University in Japan and the Royal College of Art in London joined the home goods giant and British designer Tom Dixon to contribute ideas for “an open platform that challenges the traditional concept of comfort.”At its core of this first hackable product will be a durable aluminum profile, made of 40 percent recycled material, which creates a flexible base to build seating or bedding “where comfort and functions can be altered to meet the changing needs in a home,” IKEA said last year.Following the modular approach the tech industry has toyed with, the popular outlet hopes Delaktig will help challenge traditional ways of production.”People hack anyway; we want to encourage that,” IKEA creative lead James Futcher told the WSJ.IKEA did not immediately respond to PCMag’s request for comment.In December, the company introduced a new website, “Retail Therapy,” where products are renamed to match common Google searches in Sweden. That simple wood stool is no longer referred to as “Frosta”; it is now a $15 interpretation of “My husband falls asleep on the couch.” And that memo board where you hang your keys is not a “Luns,” but a safe space for someone to compose their feelings.” –shares Stephanie Mlot Next Article center_img IKEA This story originally appeared on PCMag January 30, 2017 Add to Queue Image credit: PCMag 2 min read Learn how to successfully navigate family business dynamics and build businesses that excel.last_img read more

Connected Teddy Bears Leaked Kids Voices Online

first_img Connected Teddy Bears Leaked Kids’ Voices Online Toys; Games February 28, 2017 The supposedly private messages were even held for ransom. Jon Fingas Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Add to Queue When Germany banned a connected doll over security concerns, it wasn’t being overly cautious. As it turns out, there’s a textbook example of what happens when toy data privacy goes horribly wrong.Security researchers have discovered that Spiral Toys’ internet-savvy teddy bears, CloudPets, stored kids’ voice messages to their parents (not to mention names and birthdays) in an insecure, misconfigured database that anyone could access online. While the passwords for the toys’ accounts (more than 821,000 of them) were stored in a cryptographic hash, there was no password strength limit — it was trivial to crack many accounts and download voice data at will. And it gets worse.Info security expert Niall Merrigan found evidence that the databases were compromised. Intruders copied the databases, deleted the originals and demanded a payment in bitcoin to get the data back. Given that the databases appeared to be completely gone by Jan. 13, it doesn’t appear that Spiral gave into or acknowledged the demands.As for Spiral’s response? There is none, and might never be. Microsoft’s Troy Hunt and others have tried reaching out to Spiral multiple times to no avail, and the company doesn’t appear to have notified customers despite obvious signs that something was amiss. From all indications, the company is on life support or dead: its social media accounts have been silent for months and its stock price is near worthless.The kicker is that a lot of this would be entirely avoidable. Rapid7 security research director Tod Beardsley tells Engadget that all of the flaws have could been addressed, but that Spiral seems “uniquely uninterested” in taking them on. While Rapid7 tends to get responses from companies “about 70 percent of the time” and almost always sees them implement a fix or workaround when they get in touch, it’s “increasingly rare” for a company to go completely silent.Between this incident and revelations for other products, it’s clear that connected toy makers are walking on glass when they decide to put kids’ communications online. Even if a company doesn’t do anything shady, such as passing the info along to irresponsible third-parties, it can only take a slip-up to expose extremely sensitive messages to the world. And that’s assuming skilled hackers don’t find it first, or that the company doesn’t go belly-up without a firm plan to erase stored data.This doesn’t mean that companies should abandon internet-capable toys altogether, but they need both weigh the merits of storing any info online and take very, very through precautions to make sure that leaks like this can’t happen. This story originally appeared on PCMag Fireside Chat | July 25: Three Surprising Ways to Build Your Brand 3 min read –shares Enroll Now for $5 Image credit: CloudPets via engadget Next Article last_img read more

Super Bowl Provides Opportunity for Local Businesses to Score Big

first_img Add to Queue There will be millions of gatherings to watch the game, and just about every snack will have been purchased close to home. Super Bowl February 2, 2018 Opinions expressed by Entrepreneur contributors are their own. 4 min read With the Philadelphia Eagles and New England Patriots set to face off this Sunday in the Super Bowl, retailers are working overtime to capture shoppers as they plan out their game day festivities — and rightfully so. According to the National Retail Federation (NRF), consumers are expected to spend $15.3 billion on Super Bowl-related items this year, up 8.5 percent from 2017’s estimate of $14.1 billion.So, what does this mean for businesses? Individuals who are planning to host game day parties present a lucrative audience for retailers and grocers to tap into to “win” sales around this event. According to new research, this year’s party hosts expect to spend more than $50 on food and supplies alone. The findings also indicate that small, local retailers and grocers can expect to reap a bigger slice of the pie. Forty-three percent of respondents plan to shop small and local, compared to 33 percent who will opt for larger chain stores. Also, consider this — more than half are only willing to travel less than four miles to make their purchases. When it comes to those ordering take-out from a restaurant, they will travel similar distances.With this ideal market in front of them, here are three ways small, independent businesses can beat out the competition to score big on game day.Related: Billionaire Jeff Bezos Will Star in Amazon’s Super Bowl AdAdvertise early and often.According to the survey’s findings, the majority of consumers (69 percent) will complete their purchases just a day or two before, or even the day of the Super Bowl. This presents a prime opportunity for local businesses to draw in these last-minute shoppers through timely, targeted advertisements and promotions, as well as cross-platform messaging.For instance, a local grocer can send out a coupon via email on the morning of game day offering a buy-one-get-one free food deal for those who shop in-store by 10 a.m. In addition to increasing brick-and-mortar foot-traffic, this will also likely lead to ancillary purchases for items such as paper plates, plastic utensils and the all-important chips and dips.However, while these last-minute shoppers should certainly be prioritized by retailers and grocers, the survey findings also note that nearly one-third of consumers will begin shopping for party supplies at least a week in advance of game day. With this insight, it’s important for businesses to create multiple touchpoints with shoppers via offers and promotions throughout the week leading up to Sunday.Related: The Conclusion to This Super Bowl Ad Was Deemed Too Controversial for TVOptimize the in-store experience.With so many last-minute shoppers coming out in full-force on game day, and 75 percent of them planning to purchase their game day party supplies in-store, retailers and grocers must ensure that their brick-and-mortar locations provide customers with speed, accessibility and convenience. To do so, stores should:Embrace the perimeter: Place party essentials like chips and dips and beer/soda options in convenient, high-traffic areas for enhanced convenience.Group related items: Create one-stop sections for items such as disposable plates, eating utensils and napkins.Utilize in-store circulars for coupon distribution. One-third of consumers plan to check for coupons and deals via in-store circulars — retailers and grocers should ensure they are meeting this demand.Related: Secrets from a Super Bowl Campaign That’s Had 2 Billion ImpressionsPrepare for increased traffic.It’s clear that when it comes to game day shopping and preparation, consumers are planning to shop local. However, many of these businesses tend to have less shelf space and inventory, which brings me to my final point — ensuring the supply meets the demand.That holds especially true for restaurants. Nearly half (47 percent) of all survey respondents plan to order out for their parties this year, presenting an opportunity for small, local restaurants to capitalize on the event. Often, pizza is synonymous with a football party. According to RetailMeNot, last year, Americans bought over 12.5 million pizzas on Super Bowl Sunday, with an average order value of $26.45.For a local pizza establishment cranking out pies, they need to drive a positive experience to bring the consumer back for more. And ensure they are well-staffed to deliver with speed.The year’s biggest football event presents a valuable opportunity for restaurants, grocers and retailers of all sizes to boost sales and start the New Year strong. However, small, local businesses should expect to see the biggest gains as consumers value convenience and proximity above all else when it comes to hosting parties for game day. With just a few tweaks to their operations, smaller shops can expect to score big both on Super Bowl sales and future brand loyalty. CMO of Valassis Guest Writer Super Bowl Provides Opportunity for Local Businesses to Score Big Learn how to successfully navigate family business dynamics and build businesses that excel. Free Webinar | July 31: Secrets to Running a Successful Family Business Curtis Tingle Image credit: keira01 | Getty Images –shares Register Now » Next Article last_img read more