10 months ago​FC Cincinnati seeks investors for MLS move

first_imgTagsMLS NewsAbout the authorIan FerrisShare the loveHave your say ​FC Cincinnati seeks investors for MLS moveby Ian Ferris10 months agoSend to a friendShare the loveFC Cincinnati is looking for equity investors to help finance its move to Major League Soccer, reports SportBusiness.The club is looking to raise the capital necessary to fund its ongoing construction plans, which are an estimated $280m (€245m) for a stadium and a new training ground.According to Forbes, the club has hired Raine Group – which has also helped DC United, New York City FC and the upcoming MLS team in Miami – to advise on the transaction. No bids have yet been made but a deal is expected by the end of 2019.”It’s an opportunity to be a part of arguably the most popular team in the market,” says FC Cincinnati president and general manager Jeff Berding.FC Cincinnati broke ground on its new soccer-specific stadium in the West End community this week. It is expected to be finished by the start of the 2021 MLS season. last_img read more

College Football’s 10 Winningest Teams Of The Last 50 Years

first_imgA generic picture of three footballs next to a pylonWe’re officially two months away from the start of the 2016 college football season. The first Saturday of the ’16 campaign is set for Sept. 3. It’ll be a great one, too, with games like: Alabama-USC, Auburn-Clemson, LSU-Wisconsin, Georgia-North Carolina. In anticipation of the upcoming season, let’s take a look back at what college football has been like over the last 50 years. Which program has won the most games over the past half-century?A program you probably wouldn’t guess. Nebraska has won more games than anyone else over the last 50 years, totaling 476 wins. The Huskers are followed by Oklahoma and Ohio State. Here’s the full top 10:1. Nebraska – 476 2. Oklahoma – 4553. Ohio State – 4504. Penn State – 4395. Michigan, Alabama – 4347. Florida State – 4258. Georgia – 4209. Texas – 41910. USC – 415Most wins, last 50 years (P5): 476- Nebraska 455- OU 450- Ohio St 439- Penn St 434- Michigan, Alabama 425- FSU 420- UGA 419- Texas 415- USC— Pick Six Previews (@PickSixPreviews) June 27, 2016Who’s going to win the most games over the next 50 years?last_img read more

With raised sprits Ohio State mens basketball focuses on Penn State

Junior center Amir Williams dunks the ball during a game against Iowa Jan. 12 at the Schottenstein Center. OSU lost, 84-74.Credit: Shelby Lum / Photo editorThe night is darkest before the dawn, and for the No. 24-ranked Ohio State men’s basketball team (16-4, 3-4), that dawn might have arrived.After struggling through a four-game losing streak — the program’s longest since February 2008 — the Buckeyes got back on track with a 62-55 victory against Illinois last Thursday.Freshman forward Marc Loving said just getting a win helped raise spirits in the locker room.“Our moods are definitely a lot lighter than what they were during the four-game losing streak,” Loving said Tuesday. “I would say there’s been a lighter load going into the next game. I feel like a weight’s been lifted off of us, get a little monkey off our back. Going into this next game, we definitely have a mindset that we’ve got to execute and get stops defensively because that’s what we key on.”It’s been more than two weeks since OSU headed into a game off a win, and some players are hoping their problems have been fixed.Junior center Amir Williams, who saw his minutes decline during the losing streak, said a lot of time in practice has been dedicated to two things: defense and shooting.“We spent a lot of time these past few days working on our defense and a lot with our shooting,” Williams said Tuesday. “That’s mainly been a problem that we’ve had in the past, guys were just driving by us and not playing our principles on defense so we just got back to the basics and broke down what we had to do defensively to keep teams from scoring against us and just get up a lot of shots offensively. We’ve been putting a lot of time into shooting the ball.”Williams added that another four-game losing streak has to be prevented at all costs for a team with as high of goals like OSU’s.“We can’t take any team for granted,” Williams said. “This is a tough conference to play in night in and night out so we’re going to continue to build … That four-game losing streak is something that can’t happen to us again. We’re going to have losses and we’re going to win some games but we can’t just not show up to play like we did those last four games.”Next up, the Buckeyes are set to take on Penn State (10-10, 1-6) and will be hoping to contain their leading scorers, redshirt-junior guard D.J. Newbill (17.2 points per game) and graduate-senior guard Tim Frazier (16.5 points per game).OSU coach Thad Matta said despite the Nittany Lions’ record, they will not be overlooked by the Buckeyes.“You look at Penn State, they’ve been in every single game they’ve played this season and had some of the craziest losses I’ve seen in terms of the ball didn’t bounce their way,” Matta said Tuesday. “Obviously Frazier and Newbill have shown, not only this year but throughout their career, that they can go into an arena and get 30 on you … but you get a pretty good feel of who they’re trying to get shots for and we’ve got to do a pretty good job of locking those guys down the best we can.”The last time OSU lost to Penn State was Jan. 10, 2004. Tipoff is scheduled for Wednesday at 7 p.m. at the Schottenstein Center. read more

Liverpool defender talks about national team captaincy

first_imgLiverpool defender Andy Robertson has revealed what it feels like to be captain of the Scottish football team and how he communicates with his teammates.Due to his outward personality, Robertson would not be an obvious choice as the team’s captain. He’s not a ranter or raver and, at 24, still exudes the youthful enthusiasm that has carried him from amateur status at Queen’s Park to the highest echelons of European football.However, those attributes are why he got the nod from head coach Alex McLeish. He seems willing to take all the commensurate flak.“I feel extra responsibility when we come off the pitch as I have to help lift the boys and all the staff,” Robertson said, according to Daily Mail.“Everyone was down after that performance on Thursday. Fans can react negatively to me, that is all part and parcel of it. Since I was made captain, it has happened a bit more as they see me as a scapegoat.”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.“I can take it on the chin. I have to up my performances. And if I can help even five per cent to get the lads right for the game against Portugal, then I will do that.”“It hurts. I was part of the team when Gibraltar came to Hampden and scored their first ever international goal.”“We went on to win 6-1 but all the players knew when that goal went in, we could have scored 12 and we’d still get negative reaction from the press and fans.”last_img read more

Musical Legend KBs Latest Save The Bays Release Das What Real Bahamians

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppNassau, 07 Mar 2016 – Kirkland ‘KB’ Bodie, the musical artist who delivers tough messages to catchy rhythm and rhyme, released his latest Youtube salvo yesterday, taking aim at the government for threatening to replace important land use legislation with a weaker act that he fears fails to protect land or life. The song ‘Das What Real Bahamians Do’, written, performed and produced by ‘KB’, is the latest in a litany of the musician’s lyrics for the environmental movement Save The Bays and like the others, it puts the conscience of a country on notice.“Past songs like ‘Hold dey feet to da fire’ were important because they set the tone, making the point that people need to ask for and demand accountability,” said KB. “But today’s release dealing with the Planning and Subdivision Act was far more challenging. How do you make land use rights and responsibilities sexy? How do make the need for an environmental impact assessment for all developments something people relate to, make it fun, and translate the importance of the right to public consultation into a language that makes people care?”The Act has been a priority issue for Save The Bays, the grass roots environmental organization that has nearly 20,000 followers and friends on Facebook. Environmental attorney and consultant Romi Ferreira, a director of Save The Bays, has been spreading the message of the need to keep the 2010 legislation, speaking to Rotary and other civic organisations, appearing on radio talk shows, at public forums and in paid ‘Say No to PSA’ radio and print ads.“This bill, the 2015 Planning and Subdivision Act that would replace the 2010 Act that we all fought so hard for and was agreed upon, an Act that was passed unanimously, takes away the rights of Bahamians,” said Ferreira. “It takes away the right to be consulted. It is the legitimate expectation of a community to be consulted, to express its opinions and concerns and for those opinions and concerns to be considered before a decision is rendered that will alter that community’s future.”Under the proposed legislation, basic rights of public consultation would vanish and the decision to require an environmental impact assessment would be in the hands of a Cabinet Minister for developments of more than 100 lots despite The Bahamas having signed on to a global agreement to the contrary. The 100-lot scenario, says Ferreira, would only encourage developers to build in phases, 99 lots at a time.While Ferreira looks at the proposed legislation through the eyes of a senior lawyer who has taken environmental and public consultation cases all the way to the Privy Council in London, KB is hoping to get the message across in a way that touches a nerve with a beat that people can’t get out of their heads.“I don’ get it,” sings KB. “I don’t understand, why the government does give away our land…Y’all voted yes on the PSA, now ‘dat y’all in power, you wanna’ take it way…You shouldn’t change the rules when they don’t suit you, you shouldn’t change the law just for the few.”Save The Bays, which sponsors the music with a message and the production of videos appealing to tens of thousands of viewers, has picked up the pace for public online involvement of the environmental movement while partnering with several organisations that have long track records in environmental resource management. A petition to keep the 2010 Planning and Subdivision Act is on its website at www.savethebays.bs and a separate petition calling for Freedom of Information legislation and an environmental protection act along with other measures has already attracted nearly 7,000 signatures. Environmentalist warns of a third possible Rubis leak Facebook Twitter Google+LinkedInPinterestWhatsApp Recommended for you Gov’t urged to deal swiftly with Clifton oil pollution Related Items:KB, kirkland bodie, Save The Bays Government ‘jumped the gun’ over Rubis leak riskslast_img read more

Borough Looks At Switching To Borough Manager

first_imgCooper: “This ordinance is something I have believed in for a very long time. We have had mayors in this borough that were very qualified and we’ve had mayors that were not. So this is not an attack on this administration solely.” A public hearing will be held at the borough meeting on Tuesday. If it passes the assembly the question would go on the fall ballot for voters to decide on October 1. Facebook0TwitterEmailPrintFriendly分享The Kenai Peninsula Borough has begun to scratch the surface on a debate on whether or not to move towards a borough management style instead of the current mayor style. In a ordinance put before the borough assembly, under a manager form of government, the mayor would still be elected areawide but no longer be the chief administrator of the borough. Instead, a borough manager would be appointed by majority vote of the assembly on the basis of administrative qualifications to serve as the chief administrator. center_img Currently, twelve of the state’s 19 boroughs employ a manager to administer day-to-day operations versus a mayor. The ordinance was introduced by Assemblywoman Kelly Cooper, and Assemblyman Hal Smalley. The mayor would serve as chair of the assembly, still be able to participate in assembly discussions, may vote on assembly actions in the case of a tie, and may veto assembly actions, according to the ordinance. last_img read more

Services Losing the Battle to Sustain Buildings

first_img Dan Cohen AUTHOR Defense Department facilities continue to deteriorate as the Budget Control Act spending caps have forced officials to limit funding for installation support in recent years in favor of higher priority needs.The department’s latest assessment indicates that 18.9 percent of its facility inventory is in failing condition, with an additional 13.2 percent in poor condition. Last year, only 7 percent of its inventory was in failing condition.Unless the statutory spending caps are lifted in the out-years, “the department will continue to take risk in funding to sustain and recapitalize existing facilities,” according to the written testimony Pete Potochney, acting assistant secretary of defense for energy, installations and environment, submitted to the House Military Construction Appropriations Subcommittee last week.“This will ultimately result in DOD facing larger bills in the out-years to restore or replace facilities that deteriorate prematurely,” Potochney wrote.The department’s fiscal 2017 budget request of $7.5 billion for facilities sustainment would meet only 74 percent of model requirements, according to his testimony.“We have over 52,000 buildings in poor or failing condition right now,” Katherine Hammack, assistant secretary of the Army for installations, energy and environment, told the panel. “The majority of our facilities budget is focused on combatant commander requirements and new missions, which for us means cyber and unmanned aircraft. What it doesn’t get after is the significant number of buildings out there that are already failing,” Hammack said.The military services prioritized new construction over existing facility sustainment in the FY 2017 budget proposal, but the DOD-wide military construction line item represents a 14 percent cut compared to the previous year’s request, reported Federal News Radio. Much of the requested construction funding would support ongoing military operations overseas. And in the United States, facilities needed to support new aircraft such as the F-35 take precedence over replacing crumbling buildings, according to the story.“The milcon backlog is very significant,” said Miranda Ballentine, assistant secretary of the Air Force for installations, environment and energy. “We’re only able to afford about 30 of the 500 top priority projects that our major commands asked us for this year. We really are in a position where it’s not a matter of whether infrastructure is going to fail, it’s a matter of where and when,” Ballentine said.Written testimony and a webcast of the hearing on the installations, environment and energy budget request for fiscal 2017 submitted by DOD and the military services are available on the committee website.last_img read more

Woburn District Court HEAT Program Addresses Substance Abuse At 12th Annual Conference

first_imgWOBURN, MA — Hundreds of leaders in public health and law enforcement came together last month for the 12th Annual Woburn District Court Heroin Education Awareness Task Force (H.E.A.T.) Conference to discuss the latest trends and treatment surrounding substance abuse.On Friday, June 15, attendees gathered at the Hilton Boston/Woburn to learn more about drug use and ways to assist those struggling with addiction. The half-day meeting consisted of experts speaking about substance abuse treatment, prevention and enforcement.The H.E.A.T. program was founded by Vincent J. Piro and Michael P. Higgins, of the probation department of Woburn District Court, the police departments of the seven cities and towns under its jurisdiction: Woburn, Burlington, North Reading, Reading, Stoneham, Wilmington and Winchester, the Bureau of Substance Abuse Services and the AdCare Educational Institute. The program is designed to educate the public, especially families and friends of those suffering from addiction, about heroin use and abuse trends among young people.“To all the presenters and attendees who joined us for the 12th annual conference, thank you for making this year a success,” Piro said. “Every year, the Woburn District Court and our partner agencies work to provide life saving resources to those in need, and it is through these collaborations that we have been successful.”Over the last few years, overdose deaths have exceeded motor vehicle crashes as the leading cause of accidental death in the United States. More than a decade ago, H.E.A.T. recognized the growing problem between painkiller abuse and heroin use, and every year works to call attention to deadly synthetic substances in an effort to prevent addiction and deaths.“The H.E.A.T. program has been at the forefront of these issues for almost 13 years,” Woburn Police Chief Robert Ferullo said. “It is the belief of leaders at Friday’s conference that we must collaborate across agencies to provide education to the public on prevention, treatment for those struggling with addiction, and enforcement of the laws to make a difference in the opioid crisis.”To open the conference, Stephen Wood from Winchester Hospital spoke about the rise in popularity of vaping, new substances that are being taken for recreational use (everything from Morning Glory flower seeds to “Flakka” — a synthetic cathinone that causes a number of symptoms like hallucinations and violent behavior) and potential warning signs that a loved one may be using drugs.Britte McBride, Commissioner of Massachusetts Cannabis Control Commission, informed attendees about the provisions and regulations that will be in place for the marijuana industry once legalized sales go into effect on July 1, including mandated advertisements to educate consumers and promote safe use of products, stringent security protocols at establishments and testing of products before they go onto the market.Billerica Town Manager John Curran shared his experience with the opioid crisis from a municipal level, using a proactive and reactive approach, while Tewksbury Police Chief Timothy Sheehan spoke about the change in perspective that law enforcement must take to address the opioid epidemic.“We found that we couldn’t arrest our way out of the problem,” Chief Sheehan said. “We were really failing by not going deeper into the issue, and instead just going through the judicial system.”In Tewksbury, the mentality of solely relying on enforcement has been altered and officials are looking at education, collaboration with local agencies and counseling/treatment to address the root of the issue. Additionally, all officers carry Narcan, an opioid reversal drug, to save the lives of those who are overdosing.Michael McLaughlin and Pierce Aliberti, of Stoneham, closed the conference by sharing their experiences and journeys to recovery, thanking those who helped them along the way with resources and support.(NOTE: The above press release is from JGPR.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Police Attend Heroin Education Awareness Task Force (HEAT) ConferenceIn “Police Log”Woburn District Court H.E.A.T. (Heroin Education Awareness Task Force) Holds 11th Annual ConferenceIn “Government”Wilmington Police Department’s Substance Abuse Efforts Gets Boost From $100,000 Grant & Regional PartnershipIn “Police Log”last_img read more

Kerala Blasters FC coowner Nimmagadda Prasad arrested in Serbia

first_imgNimmagadda Prasad.TwitterWell-known industrialist and Kerala Blasters FC co-owner Nimmagadda Prasad was reportedly arrested in Belgrade by Serbia Police. Media reports said the arrest was in connection with the Vodarevu-Nizampatnam Port and Industrial Corridor (Vanpic) project case.He was arrested after UAE’s Ras Al Khaima, which is a partner in the project, lodged a complaint claiming fraudulent activities on behalf of the businessman. Prasad, who was on a vacation in Serbia, has close connections with Andhra Pradesh chief minister YSR Jaganmohan Reddy. He was earlier arrested and spent two years in connection with the same case. Reddy is also an accused in the Vanpic case, which is currently in court.Earlier, the Andhra government had allotted 24,000 acres of land for the project, a joint venture between Prasad and Ras Al Khaimah. The Telugu Desam Party (TDP), after it came to power in 2014, cancelled the project and Enforcement Directorate (ED) attached the land allotted to it. This resulted in heavy losses for Ras Al Khaimah.   Andhra Pradesh CM Jagan Mohan Reddy.TwitterAccording to reports, the YSR Congress Party government is trying to bring back Prasad from Serbia with the help of the central government. A letter in that regard was sent to the Foreign Minister, Subrahmanyam Jaishankar to talk with the Serbian government.Prasad is currently a co-owner of the Kerala Blasters FC along with film stars Chiranjeevi, Akkineni Nagarjuna and film producer Allu Aravind. They finished ninth on the points table in the 2018-19 season with 15 points from 18 matches.last_img read more

Youths body recovered in Jessore

first_imgPolice recovered body of a young man from a betel nut orchard at Mujgonni village in Monirampur upazila of Jessore district on Friday morning.The deceased is Ashraful Islam, 30, son of late Abdul Kader of the village.Monirampur police station officer-in-charge Md Mokarram Hossain said locals spotted the body at the orchard in the morning and informed police.Later, police recovered the body and sent it to Jessore Sadar Hospital for autopsy, the OC said, adding that there were marks on the victim’s throat which could be from strangulation.Victim’s wife Hamida Khatun alleged that there was an extramarital affair between Ashraful and Khaleda Khatun, wife of a Malaysia expatriate Abdur Razzak, a neighbour.Ashraful might be strangulated to death over the affair, she added.Police took Khadela Khatun to their custody for interrogation, the OC said.last_img read more

DC Meters Vandalized Following Price Increase

first_imgFollowing the announcement that D.C. parking meters would increase to $2.30 per hour, several machines were found broken or vandalized. (Photo by Shantella Y. Sherman)Several parking meters throughout Southwest D.C. were knocked from their pedestals with the money removed which seems to allegedly be a response to the D.C. Department of Transportation’s June 1 fee increase similar to the city’s meters in the 1990s.While some residents voiced disdain over what they perceived as predatory increases in parking and speeding fees, others are concerned that the city is witnessing the beginning of public service-related acts of destruction – reminiscent of those in the 1990s that cost the city roughly $500,000 a month in lost revenue.The June 1 change in metered parking fees across the city brought the cost to $2.30 an hour – up $.30 from $2 in high demand zones such as Adams Morgan, the National Mall, Georgetown Historic District, the U Street NW Corridor, and the Downtown Central Business District. The parking meters in areas with less demand were also increased from $.75 to $2.30.The increase comes as more drivers take to the road in lieu of Metrorail closures and single-tracking, raising the ire of residents like Vincent Wright, who said with mainly one and two-hour parking limits, the meter system is too restrictive.“The number of spaces has decreased due to new vendor and corporate licensing, so when you want to visit downtown D.C. and have night out, you are forced on a two-hour meter, to expect to have to move in the middle of dinner or a film, and spend upwards of $20 in parking fees – if you find a space,” Wright said.  “The cost is one thing, but the inconvenience is another.Vandalism is no solution, but I can understand that level of frustration.”In the mid-1990s, the District had more than 800 parking meters vandalized, their heads smashed off with baseball bats or sledgehammers, according to police reports. By March 1997, the total was 3,000 meters, out of the city’s 16,000 – which D.C. officials estimated caused the city to lose $500,000 a month in revenue.DDOT said on its website that despite the $2.30 per hour rate, other major cities such as New York City, Los Angeles, San Francisco, Chicago, Baltimore, and Philadelphia have meter rates that are at least $3 an hour or more.  The rate increase should bring more than $2 million into the city’s coffers, which is slated to help with Metro’s operating budget.At press time, DDOT communications specialist Michelle Phipps-Evans said the office had not been made aware of the vandalism and would investigate the damaged machines.last_img read more

The Amritsari tadka

first_imgAs Khanna unrolled his life’s hardships and his rise from the streets of  Amritsar in 1971 to being a Michelin starred chef in New York infront of the starry-eyed girls, they could not help fawning and  talking about how dreamy the host of Masterchef was. One of them even recited a poem she had written on the star chef and his life’s journey and was appraised with a hug from Khanna. However, the voice of reason at the event, Vinod Dua, finally steered the conversation to the book which harbours the taste of Amritsar.Amritsar: Flavours of the Golden City takes you on a culinary and cultural journey through his hometown, Amritsar. From its early days as Ramdaspur to the war of 1971. Also Read – ‘Playing Jojo was emotionally exhausting’From his mother’s preferred pulao recipe to the gardens of the Ranjit Singh Museum. From the famous Maqbool Road kulchas to his Biji’s favourite hand-churned ice cream recipe. This book is a  guide to the city as Khanna knows it.More than just a cookbook, Khanna shares the history and culture of his hometown peppered with anecdotes from his childhood. He examines Punjabi cuisine in its historical, cultural, and spiritual context. For foodies, Khanna provides the definitive guide of the best street-food eateries. This book, featuring stunning visuals, is a must-have for gourmands and non-gourmands travelling to Amritsar.last_img read more

Graph Nets – DeepMinds library for graph networks in Tensorflow and Sonnet

first_imgGraph Nets is a new DeepMind’s library used for building graph networks in TensorFlow and Sonnet. Last week a paper Relational inductive biases, deep learning, and graph networks was published on arXiv by researchers from DeepMind, Google Brain, MIT and University of Edinburgh. The paper introduces a new machine learning framework called Graph networks which is expected to bring new innovations in artificial general intelligence realm. What are graph networks? Graph networks can generalize and extend various types of neural networks to perform calculations on the graph. It can implement relational inductive bias, a technique used for reasoning about inter-object relations. The graph networks framework is based on graph-to-graph modules. Each graph’s features are represented in three characteristics: Nodes Edges: Relations between the nodes Global attributes: System-level properties The graph network takes a graph as an input, performs the required operations and calculations from the edge, to the node, and to the global attributes, and then returns a new graph as an output. The research paper argues that graph networks can support two critical human-like capabilities: Relational reasoning: Drawing logical conclusions of how different objects and things relate to one another Combinatorial Generalization: Constructing new inferences, behaviors, and predictions from known building blocks To understand and learn more about graph networks you can refer the official research paper. Graph Nets Graph Nets library can be installed from pip. To install the library, run the following command: $ pip install graph_nets The installation is compatible with Linux/Mac OSX, and Python versions 2.7 and 3.4+ The library includes Jupyter notebook demos which allow you to create, manipulate, and train graph networks to perform operations such as shortest path-finding task, a sorting task, and prediction task. Each demo uses the same graph network architecture, thus showing the flexibility of the approach. You can try out various demos in your browser using Colaboratory. In other words, you don’t need to install anything locally when running the demos in the browser (or phone) via cloud Colaboratory backend. You can also run the demos on your local machine by installing the necessary dependencies. What’s ahead? The concept was released with ideas not only based in artificial intelligence research but also from the computer and cognitive sciences. Graph networks are still an early-stage research theory which does not yet offer any convincing experimental results. But it will be very interesting to see how well graph networks live up to the hype as they mature. To try out the open source library, you can visit the official Github page. In order to provide any comments or suggestions, you can contact graph-nets@google.com. Read more 2018 is the year of graph databases. Here’s why. Why Neo4j is the most popular graph database Pytorch.org revamps for Pytorch 1.0 with design changes and added Static graph supportlast_img read more

Mexico mayors killing a threat to others governor

first_imgGovernor Graco Ramírez ordered the State Security Commission to take charge charge of police in 15 municipalities of Morelos state, including the capital, Cuernavaca, and Temixco, where the slain mayor served.Gisela Mota, 33, a left-of-center former member of Congress, was gunned down on Saturday, barely 24 hours after taking her oath of office in Temixco, which is about 90 kilometers south of Mexico City.Two suspected gunmen were killed and three were detained, including a minor.The state of Morelos has been plagued by drug cartel violence as well as kidnappings and extortion.Mota had vowed to clean up crime when she took office. The governor said she had agreed to back a “single command” coordination scheme that groups state and municipal police.Her murder “is a message and a clear threat for the mayors who recently took office to not accept the police coordination scheme that we have supported and that is being built at a national level,” Ramírez told a news conference.Morelos has around 30 municipalities and about half have not ratified the single command.The governor, who attended Mota’s funeral, declared three days of mourning in the state and ordered flags to be flown at half-staff.Ramírez has clashed with the new mayor of Cuernavaca, former Mexico football star Cuauhtemoc Blanco, over the single command.Blanco has decided to suspend the scheme, saying crime has risen despite its existence and proposing to beef up the municipal force instead.Several mayors have been murdered in Mexico in recent years amid a bloody drug war that has cost tens of thousands of lives in the past decade. Related posts:‘El Chapo’ is Mexico’s hit Halloween costume Villagers recall fear as troops fired in ‘El Chapo’ raid Mexico’s top court opens door to recreational pot use Slain Mexico mayor sacrificed herself to save family CUERNAVACA, Mexico — A central Mexico state took over police command in several towns on Sunday after a mayor was assassinated, a crime described as a gang threat to other mayors.center_img Facebook Commentslast_img read more

Click on image to enlarge The CMEs Daily Deli

first_img (Click on image to enlarge) The CME’s Daily Delivery Report showed that 88 gold and 27 silver contracts were posted for delivery within the Comex-approved depositories.  The link to yesterday’s Issuers and Stoppers Report is here. Both GLD and SLV had withdrawals by authorized participants yesterday.  In GLD it was 145,034 troy ounces…and in SLV it was 1,544,992 troy ounces. The U.S. Mint reported selling 5,500 ounces of gold eagles yesterday…and that was it. It was a busy day in silver over at the Comex-approved depositories on Tuesday.  They reported receiving 1,274,887 troy ounces of the stuff…and shipped 513,511 troy ounces out the door.  The link to that activity is here. On the same day in gold, the Comex-approved depositories reported receiving 75,751 troy ounces…and shipped 44,054 troy ounces of the stuff out the door.  The link to that activity is here. Like yesterday, I have no other news, charts, or graphs to post…except for your “cute quota”… Here’s the New York Spot Silver [Bid] chart on its own, so you can see the Comex action in more detail. It was pretty much the same sort of price action in silver…and the silver chart looks a lot like the gold chart.  The low tick…$22.41 spot…most likely came at the same moment as gold’s low, but even the New York Spot Silver [Bid] chart didn’t come close to catching it.  Not surprisingly, silver got hit worse than gold, as that’s “da boyz” problem child…at least it is for JPMorgan Chase and Canada’s Bank of Nova Scotia. Silver closed at $22.59 spot…down 82 cents from Tuesday’s close.  Gross volume was a very chunky 65,000 contracts. The gold stocks gapped down a bit at the open…and then headed south with a vengeance when gold was hit at the London p.m. fix.  The stocks finished barely off their lows of the day…as the HUI was crushed for another 4.72%. Sponsor Advertisement Silver came within a few pennies of its Far East April 16th low price tick at 10:00 a.m. BST in London, but gold is still fifty bucks away from its low of the same day.  If I use Wednesday’s trading action as a template for what might happen in Comex trading in New York today, I’d guess we’ll see JPMorgan et al try to punch a new low price in silver.  But as Ted Butler has carefully pointed out, there are few technical fund long holders left to sell…and even fewer of them are prepared to go short at these prices.  “Da Boyz” may get the price lower, but it will probably won’t allow them to improve their short positions by much…or go long themselves. As you can imagine, I await the New York open with some apprehension. See you on Friday…or on Saturday west of the International Date Line. Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, info@uraniumenergy.com.center_img All four metals closed down on the day.  Gold was down 2.34%…silver was down 3.50%…platinum down 0.67%…and palladium 0.41%. The dollar index closed at 83.605 in New York late Tuesday afternoon…and traded just about ruler flat until shortly before 2:00 p.m. Hong Kong Time.  The rally from there peaked out at precisely 8:00 a.m. in London.  The high tick was 84.05.  From there, the index sagged slightly for the rest of the Wednesday session, closing in New York at  83.785…up 18 basis points from Tuesday’s close. JPMorgan et al made no attempt to hide their actions behind the smoke screen of a currency move in New York yesterday, as it was all blatant in-your-face price management that started right at, or just after, the London p.m. gold fix. Platinum got sold off as well during the New York session, but recovered smartly once the selling pressure disappeared.  There was no such sell-off in palladium, as the chart below so plainly shows. Of course the silver stocks got hammered as well…and Nick Laird’s Intraday Silver Sentiment Index closed down another 4.33%. I have a lot fewer stories today, which suits me just fine…and probably you as well. I believe that the big buyer of the 10 million oz of gold liquidated in the GLD was JPMorgan, either alone or with other collusive commercial banks. It dawned on me that the same methodology I’ve previously attributed to a potential Mr. Big in SLV (also probably JPMorgan) is at work in GLD. If one (or 2 or 3) big buyers in GLD had merely purchased the 100 million shares that were sold in GLD by liquidating shareholders, that would have quickly pushed the big buyer(s) over the 5% SEC reporting threshold, thereby revealing the identity of the buyers. Remember, we’re talking about 23% of shares outstanding and there is no way to buy that many shares and not quickly be into reporting status. But by having the gold redeemed out of the trust and the metal being purchased (instead of shares), stock reporting requirements are evaded. A single holder, perhaps working with a few collusive partners, came to own what is, effectively, almost a quarter of the world’s largest gold stockpile and no one is the wiser.  – Silver analyst Ted Butler…15 May 2013 Another day…and another engineered price decline in silver and gold.  One would have to fairly delusional to buy into the ‘stronger dollar’ story considering it’s rather anemic performance.  The price action in both those precious metals had zero to do with currencies, as the dollar index was doing squat at the London p.m. gold fix where most of the price damage occurred. It’s amazing…and discouraging…to look at the precious metal share prices.  They’re now back to where they were when silver was selling for under ten bucks an ounce…and gold around $500.  You’d think that the mining companies would be up in arms, but there hasn’t been a peep out of any of them…or from the organizations that purport to represent them…the World Gold Council and The Silver Institute. Of course these organizations are strong with the dark side of The Force…and any mining executive that has ever worked in an executive position in either of them had already been totally compromised, or they would never have been offered those positions in the first place. It’s too bad that yesterday’s price action occurred on a Wednesday, as it was the day after the cut-off for tomorrow’s Commitment of Traders Report.  And as I’ve pointed out countless times over the years, this is a little trick “da boyz” pull when they want to hide their tracks for as long as possible, as what happened yesterday won’t be public knowledge until the COT Report on May 27th. Not much happened, or was allowed to happen, in Far East trading on their Thursday…and as the London open approaches [in less than ten minutes] as I write this paragraph, all four precious metals are basically unchanged from Thursday’s close in New York.  Volumes are already very high in both silver and gold but, as per usual, it’s virtually all high-frequency trading.  The dollar index is up a handful of basis points. It’s been more than two hours since I wrote the above paragrah…and there have obviously been some ‘developments’.  Around the time of the London open, the high-frequency traders showed up on the scene…and all four precious metals came under selling pressure once again.  And as I hit the ‘send’ button at 5:15 a.m. EDT…gold is down seventeen bucks, silver is down 40 cents…and platinum and palladium are down over a percent each.  Volumes skyrocketed…now over 65,000 contracts in gold and 14,000 contracts in silver…and the dollar index is up a magnificent 15 basis points. It’s amazing…and discouraging…to look at the precious metal share prices. The gold price didn’t much of anything in Far East trading for most of their Wednesday.  However, about 2:30 p.m. Hong Kong time, which is thirty minutes before the 8:00 a.m. BST London open, gold got sold down about fifteen bucks by 9:00 a.m. BST…and that certainly could have been currency related. After that, the gold price didn’t do much of anything until at, or shortly after, the London p.m. gold fix.  Then, in the space of less that ninety minutes, gold got sold down about twenty-five dollars, with the low tick [$1,387.00 spot] coming shortly before 11:30 a.m. EDT in New York. The subsequent rally, such as it was, didn’t amount to much…and after that, gold continued to sell off quietly into the close of electronic trading at 5:15 p.m. Gold closed at $1,392.50 spot…down $33.30 on the day.  Net volume was very large…around 204,000 contracts.last_img read more

Interest rates could soon take off If we wrote th

first_imgInterest rates could soon take off.If we wrote this a few months ago, you might have thought we were crazy. That’s because the Federal Reserve’s done everything it can to avoid raising interest rates this year.In March, it didn’t raise rates because of a bad jobs report. In June, it held off due to concerns about the global economy and “market volatility.” In September, it didn’t raise rates because it’s waiting for the job market to improve.These are legitimate reasons to not raise rates…but the Fed also held off for another reason: the presidential election.You see, the Fed has held its key rate near zero since 2008. This made it incredibly cheap for households and businesses to borrow money. In many ways, the economy is now hooked on cheap money.At this point, the Fed could trigger a financial crisis or recession by raising rates. And that’s the last thing it wanted to do before the election.• With the election behind us, most people think the Fed will finally raise its key rate next month… To be fair, most investors have been preparing for a December rate hike since the summer. But now that Trump’s going to be president, it looks like rates could rise faster than people expected.You see, most people thought the Fed would raise rates slowly if Hillary won. But Trump has a much different plan for America.He wants to grow the economy using fiscal stimulus, which basically means government spending. Specifically, he wants to spend hundreds of billions fixing the country’s infrastructure.According to Bloomberg, Trump’s policy could force the Fed to jack up rates quicker than they would have under Hillary:“We do view the election of Donald Trump as a game changer,” said Adam Donaldson, head of debt research at Sydney-based Commonwealth Bank of Australia. “The strong bias toward fiscal expansion and inflationary policy represents a stark change to the malaise of recent years. This opens the door for the Fed to hike in December, but also more quickly in 2017 and 2018 than previously expected.”• This is a HUGE deal…  You see, interest rates aren’t some arbitrary number. They’re the price of money. A big move in interest rates affects everything from stocks to commodities.You also have to remember that almost no one thought Trump would win. The market didn’t “price in” rates rising quickly. That’s why we’ve seen big moves by every major financial asset since the election.Today, we’re going to show you how the prospect of rising interest rates is impacting different asset classes…starting with a sector that’s very sensitive to interest rates.• Utility stocks tanked after the election… The sector closed the week down 4.08%. Keep in mind the S&P 500 jumped 3.7% last week. According to Fidelity Investments, utilities were by far the worst-performing group in the S&P 500.Utilities provide electricity, gas, and water to people. They sell things that people can’t live without. This makes for relatively stable revenues, which allows them to pay steady dividends.Many investors own utility stocks specifically for their dependable dividends. That said, utility stocks aren’t as attractive when interest rates are high or likely to rise. That’s because investors can collect decent income in other assets, like bonds.If rates rise like many investors expect, utility stocks could keep falling.• Emerging market assets could also be in big trouble if rates head higher… As you probably know, it’s riskier to invest in emerging markets than in developed countries like the U.S. or Japan. To attract money, emerging markets offer higher returns.For example, Brazil’s 10-year government bond pays a 12.1% yield right now. That’s almost six times more than the 2.1% yield of the U.S. 10-year Treasury.If U.S. interest rates keep rising, U.S. investors could start pulling money out of emerging market assets. According to Reuters, this is already happening:Emerging market shares and currencies slumped on Friday as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows…The most volatile trading on Friday was across emerging markets, as investors bet that Trump’s fiscal policies will be inflationary, push U.S. rates up and drive investors into dollar-based assets. The real risk here is doing nothing…Porter Stansberry says this could be the domino that starts it all… He’s recommending a strategy to bet AGAINST the most vulnerable companies as it all unfolds. Join him on Nov 16th, to hear how this approach works. – Recommended Links “Project Fedcoin” to Start January 1st?The U.S. dollar is in crisis. Fed members just wrapped up a special “behind-closed-doors” meeting to discuss one of the most dramatic changes to our money in the last 100 years. A change that not only affects how we spend, save, and earn… But that will also transform the very nature of “money” itself. This currency expert explains the shocking details here… — • The iShares MSCI Emerging Markets ETF (EEM) plummeted last week… EEM tracks emerging market stocks across the world. According to Bloomberg Markets, the fund suffered its worst day since 2011 on Thursday, when it experienced more than $1.5 billion in withdrawals.You can see it’s now down 8% since Election Day and trading at its lowest level since July.On Friday, Bloomberg Markets warned that emerging market stocks could head much lower in the coming days:“EM ETF flows are about to look like the elevator scene from The Shining as you have the double whammy of rising rates and an oncoming ‘America first’ trade policy,” writes Eric Balchunas, ETF Analyst at Bloomberg Intelligence. “We could see $20 billion in outflows by the end of next week.”• The anticipation of higher interest rates has hurt gold, too…  Last week, the price of gold fell 6.1%. It’s now trading at its lowest level since April.Like utilities, gold sold off due to expectations that interest rates will head higher. You see, unlike a bond, gold doesn’t pay interest. Because of this, many investors don’t like to own gold if they expect rates to rise. Of course, regular readers know the conventional wisdom about gold and interest rates is dead wrong.As we’ve pointed out many times, the price of gold has actually increased after the last four Fed rate hikes.You can see in the chart below that the price of gold jumped 20% in just six months when the Fed started raising rates in 2004.In other words, gold can still do very well if the Fed raises rates quickly…which is still a big “if” at this point.• You also have to remember that we don’t buy gold to make a quick profit… We own it because it’s real money and serves as the ultimate protection against financial chaos. And right now, there’s a lot of uncertainty about the economy and financial system.If you’re nervous about the economy, hold on to your gold. If you’re nervous about the financial system, hold on to your gold. If you’re nervous about our new president, hold on to your gold.Even a small gold position could save you from huge losses when the next financial crisis hits.If you would like to buy gold while it’s “on sale,” check out this presentation we recently put together. It reveals a “loophole” in the global gold market. In short, one of our analysts found what may be the cheapest way in America to buy gold.We can’t say how long this offer will last. So make sure to watch this video today if you’re thinking about buying gold. Click here to learn more.Regards,Justin SpittlerDelray Beach, FloridaNovember 14, 2016How to Hedge Against a Bear MarketEditor’s note: We’re continuing our special mini-series today featuring Stansberry Research founder Porter Stansberry.If you haven’t been following along, Porter says there are unprecedented warning signs in credit markets all around the world…The global scale of these problems means the coming crisis—what Porter has called “the greatest legal transfer of wealth in history”—will be truly historic. And folks who don’t see what’s coming could be wiped out. In fact, Porter says what’s about to happen in the markets will be worse than anything you’ve experienced as an investor…In today’s essay, Porter describes the best way to reduce your risk as this crisis unravels…(The following essay was published on November 14, 2016, in the Stansberry Digest.)From Porter Stansberry, founder, Stansberry Research***For most of the last 15 years, I’ve focused on building tools and advisories to help you avoid risk…You might not have thought of it that way, but that’s exactly what I’ve been doing.Just read almost any of the newsletters I (Porter) have written since 2001. You’ll immediately see that my Investment Advisory is primarily about mitigating investment risk. We do this by focusing our recommendations on safe, capital-efficient companies. Alongside this core portfolio, we add a few non-correlated hedge-like investments (such as Fannie and Freddie, which have soared lately). And we even hedge against the market directly with a small number of short-sell recommendations that ideally will “zig” when the rest of our portfolio “zags.”Long-term studies of our results prove this approach has created the best risk-adjusted returns of any letter we publish. (That’s the highest returns with the least amount of volatility.)***But today, I’m recommending the riskiest thing you can do with your money in the markets… There’s an enormous apparent dichotomy here. But… once you really understand this strategy, you’re going to see that there’s no divergence at all. At times, doing things that seem risky (like shorting a stock) are actually the best ways to reduce your portfolio’s risk exposure. Regardless whether you follow me with this particular strategy, I want to make sure you understand why I’m advocating that you take significant steps to hedge your portfolio today.***The biggest pitfall for most investors is the tendency to misjudge risk tolerance… Most subscribers who think they can handle lots of volatility really can’t. But if you’re reading this and you’re thinking, “That’s not me. I’m a conservative investor. I don’t take big risks with my portfolio,” I’d bet you’re wrong. Almost every investor I talk to about risk also underestimates the volatility of his or her own portfolio.Not you, though… right? Well, maybe. Think about your own investment experiences. What happened in your account from October 2008 through March 2009? Most people who would have sworn they were conservative investors ended up watching their life savings collapse by 50% or more. Most of them decided they weren’t “buy and hold” investors after all. (They ended up being “buy and fold” investors.) Holding too much risk inevitably trips up most investors.***Risk doesn’t equal reward…I also know from empirical studies of investment results that contrary to what just about every finance department in the country will teach you about finance, risk simply doesn’t equal reward.Lots of good research out there suggests that a strategy of buying well-financed, low-volatility stocks can beat the market by a wide margin.Plenty of real-life examples guide our thinking in this area, too. Investing legend Warren Buffett is a classic example. He made nearly 25% a year in the market between 1954 and 2000 by focusing on the least risky businesses to own, like insurer GEICO, beverage giant Coca-Cola (KO), and credit-card issuer American Express (AXP).It was a brilliant strategy. And it worked, primarily, because he avoided taking risks. He even sold almost all of his stocks in 1969 because he thought the market was too expensive. He didn’t buy back in until 1974. Do you think you could avoid making any equity investments for five years just because you thought the market was too risky?Editor’s note: We are on the precipice of an opportunity where betting against the biggest and most indebted companies in the U.S. could lead to life-changing profits. Porter is hosting a FREE live event on Wednesday night where he’ll lay out all of the details. Click here to reserve your spot.last_img read more

Disabled campaigners have criticised the chancello

first_imgDisabled campaigners have criticised the chancellor’s failure to provide any money in the budget to solve the social care funding crisis, despite a warning from the UN.Although Philip Hammond announced some extra funding for the NHS, there was no mention of social care in his budget speech, or in the main budget report.It came only days after the government left disabled campaigners “completely frustrated” by admitting that it will side-line the needs of working-age disabled people from next summer’s social care green paper (see separate story).In August, the UN’s committee on the rights of persons with disabilities warned that the UK was “going backwards” on independent living, and called on the government to draw up a “comprehensive plan” to address the problem.Despite that call, there was not a single mention of disabled people, disability, independent living or social care in the chancellor’s 7,700-word speech to MPs yesterday (Wednesday), repeating his failure to mention disabled people or disability in his 6,700-word budget speech in March.The chancellor (pictured delivering the budget speech) did announce an extra £335 million for the NHS in England this winter, £1.6 billion in 2018-19, and another £900 million in 2019-20 – still far short of the extra £4 billion-a-year health leaders say it needs – as well as overall increases of £2 billion for the Scottish government, and £1.2 billion more for the Welsh government, but he allocated nothing to social care in England.In March, the chancellor allocated just £2.4 billion in extra money for social care over the next three years, a sum described by disabled campaigners at the time as “meaningless” when set against the scale of the funding crisis.A survey of social workers in England by Community Care magazine and the Care and Support Alliance, published in September, found that more than two-thirds felt they were expected to cut people’s care packages because of local authority funding pressures, while more than a quarter were not confident that the reduced care packages they had to oversee were “fair and safe”.Labour leader Jeremy Corbyn said yesterday, in his speech responding to the budget, that by March next year more than £6 billion will have been cut from social care budgets since 2010.Linda Burnip, co founder of Disabled People Against Cuts, said: “As expected, the Tories have completely ignored yet again the human disaster they have allowed to develop in relation to social care and have failed to address in any way the ever increasing lack of funding to support disabled people’s human rights to live independently in the community with adequate levels of support.”Disability Rights UK said: “There will be deep disappointment amongst disabled people that there was no mention of social care in the budget.“The crisis in services looks set to continue unabated.”The Local Government Association said it was “a completely false economy to put money into the NHS while not addressing the funding crisis in adult social care” and “sends a message that if you need social care, you should go to hospital”.The disability charity Sense warned the government that it “cannot save the NHS if it delays dealing with social care”.And another disability charity, the MS Society, said the failure to provide more money for social care was “even more alarming” than the refusal to meet the NHS funding gap, and “provides nothing to prevent the current crisis from worsening”.The budget report did include one disability-specific spending announcement, with an extra £42 million for the disabled facilities grant – which provides funding to make disabled people’s homes more accessible – increasing the total budget for this year (2017-18) to £473 million, although this was not mentioned in Hammond’s speech.There was also relief that the government finally agreed to introduce measures to soften the impact of the botched rollout of universal credit (UC), which is gradually replacing six working-age benefits.Campaigners have been warning that the rollout is leaving hundreds of thousands in debt, and forcing people – many of them disabled – to borrow from loan sharks, pawnbrokers and payday loan companies, while many have been left in rent arrears and facing eviction.Hammond announced a package of improvements to UC that will cost £1.5 billion over the next five years (£300 million in 2018-19), including removing the seven-day waiting period for new claimants so that entitlement starts on the day of the claim.Claimants will also be able to secure an advance, equal to a full month’s UC payment, within five days of making a claim, and will be allowed to make online applications for advances.They will also be allowed to pay back the advance payment over 12 months, instead of the current six, while claimants moving from housing benefit to UC will receive an extra two weeks of their housing benefit award to ease the transition.The Treasury told Disability News Service that the changes will cause a further three-month delay to the rollout of universal credit, so it will now reach all jobcentres – although not all claimants – by December 2018 rather than September 2018.Further details were due to be announced today (Thursday) by work and pensions secretary David Gauke.Citizens Advice Scotland welcomed the “significant” changes, and said they would “make a real difference to those claimants who are currently experiencing hardship”, but warned that there were “other problems with universal credit which we believe still need to be addressed”.last_img read more

A note from the editor Please consider making a v

first_imgA 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… Campaigners are warning the Labour party to rethink its support for a radical new benefit system because of risks that its introduction would further isolate and impoverish disabled people.In a new report, UBI: Solution or Illusion? The Implications of Universal Basic Income for Disabled People in Britain, Disabled People Against Cuts (DPAC) says support for universal basic income (UBI) has been growing steadily among those both on the left and the right of politics.Labour’s shadow chancellor John McDonnell has expressed some support for UBI and has suggested that the party’s next general election manifesto is likely to include a commitment to a UBI pilot.The Scottish government is also providing funding for possible pilot schemes to be run by four local authorities.UBI is a regular cash payment made to every citizen regardless of their income, paid without any requirement to be in a paid job or looking for work.Many see it as a solution to the UK’s flawed and much-criticised social security safety net, which has seen years of cuts to support and an increasingly-harsh sanctions and conditionality regime.DPAC says this interest in UBI has intensified with the introduction of universal credit.Supporters of UBI also see it as the answer to the “stigmatisation of social security, the scapegoating of benefit claimants and associated hostility towards disabled people”, says DPAC in its report.But the DPAC report warns that too little attention has been paid to the implications of UBI for disabled people.The report warns that it is likely that housing benefit and disability benefits would remain outside a UBI system.This would mean the need for continuing disability assessments, and the risk that the high cost of running a UBI system would mean further cuts to benefits and services relied on by disabled people, such as social care support.DPAC’s Ellen Clifford, author of the new report, said: “While we would be in favour of tax rises to fund welfare provision – particularly corporation tax and a progressive rise in the higher rate of income tax – the use of this for a UBI rather than more traditional forms of disability and unemployment support would mean much of the benefit flowing back to employers rather than those in most need.”Two other grassroots organisations of disabled people, Black Triangle and WinVisible, have this week added their voices to the concerns raised by DPAC about UBI.Clifford’s report concludes that implementing UBI “risks detracting attention and resources from the urgent task required to overhaul the disability benefits system and make it fit for purpose”.It adds: “Given the history of disabled people’s exclusion and the marginalisation of our issues it is reasonable for disabled people to fear that attention and resources dedicated to the task of implementing a UBI will be at the expense of affecting the level of change needed to ensure disabled people receive adequate support.”There are also concerns, says the report, that a more flexible employment market ushered in by UBI, with greater job insecurity and the likelihood of poorer working conditions and lower wages for lower-paid workers, would further disadvantage disabled workers.They also say that right-wing versions of UBI are seen as a way of saving money by avoiding spending on a decent living wage and social protection.And the report says that pushing for UBI risks deferring demands for full reasonable adjustments at work for disabled workers, and “full and unconditional support” for those unable to work, while “ending up with a system that is more of a helping hand for employers than for disabled people”.The report says DPAC’s concerns are born out by the results of pilot UBI schemes that have been run across the world, including one in Finland that has just ended, but has not yet been assessed officially, which critics say has forced unemployed workers into bad jobs while undermining unions, wage equality, and the welfare state.And it says concerns have been raised about the proposed pilot schemes in Scotland, including the cost and potential negative impacts on disabled people, including likely cuts to other social protection schemes.But the report does say that a pilot scheme in India proved successful, with disabled people benefiting more than others, but mainly because “many of those benefiting had received no previous support at all”, which was “very different to what would happen with the introduction of a UBI in Britain to replace existing social security payments”.Clifford said it was worrying how marginalised disabled people had been in the debate around the introduction of UBI.She said DPAC’s message to Labour was to include disabled people in the debate and to consider how they would be affected by the introduction of UBI.Clifford said it was important to have the debate about UBI as there was growing support for the idea that universal credit would have to be scrapped, and that UBI could be the system to replace it.She said: “We have seen with universal credit and personalisation how what can sound like progressive ideas can end up badly for disabled people in practice.“We remember how the personalisation pilots actually went very well.“It isn’t always possible for pilots to capture the full implications of policy roll outs so we are concerned that Labour’s proposed pilots will not on their own be enough to avoid a future situation where UBI is fully rolled out and ends up widening rather than reducing inequality.”The report could surprise some of DPAC’s critics, who often assume that the grassroots group will support the left-wing policies of the Labour party under Jeremy Corbyn and McDonnell.But DPAC has repeatedly made it clear that it is not aligned to any political party and that its loyalties lie instead with those fighting for disabled people’s “full human rights and equality”, and against government austerity measures “which target the poor while leaving the wealthy unscathed”.John McArdle, co-founder of Black Triangle, said existing experiments with UBI appeared to “have been driven by a right wing agenda that undermines workers’ rights”.He said: “On the face of it, UBI seems to be progressive but the devil is in the detail.”He said Black Triangle echoed DPAC’s call for the immediate focus to be on “removing conditionality and sanctions and the hostile environment for disabled people”, replacing the UK government’s disability assessment regime, and co-producing with disabled people a social security system that “will again be fit for purpose”.Claire Glasman, from WinVisible, which supports and campaigns for disabled women, said the problem with UBI was that it was not based on need and – like universal credit – did not recognise the importance of unwaged caring work.She said: “We are very worried that it is going to be a way of cutting benefits based on need: the needs of disabled people, the needs of mothers and children, the needs of bereaved people, which specific benefits exist to cover.”last_img read more