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Live performance, February this year.
He's very good at music.
...has just been sent to subscribers. A nice day to add.
Companies must overhaul business models to get productivity back on track
VANCOUVER, July 24, 2014 /CNW/ - Miners will need to drastically transform their business models if they want to reverse the decade-long decline in productivity, according to a new EY report.
- Active on Twitter
- Write all or majority of the time in English
- Know their part of the region really well
- Smart and insightful on regional and/or business current affairs
@fbajak AP's Frank Bajak knows his Andean region South America backwards, highly respected reporter, breaks big stories, unafraid of speaking truth to power.
@CentAmPolMike Mike Allison is an academic who specializes in Central American politics. Sees and reports on things I'd otherwise miss.
@Vinncent Vincent Bevins is a newswire reporter and a total expert on Brazil. Has that mix of basic intelligence, jaded cynicism and streetwise that many of the best journalists share.
@elizondogabriel Gabriel Elizondo also does Brazil but has deep knowledge of the wider region, too. Works for Al Jazz and does great reporting, plus often breaks news via Twitter in realtime.
@guacamayan Setty knows his Venezuela, knows his Chile, knows plenty about Colombia and other corners of South America, too.
PS: Here's another, so make it six. @colincdocherty Colin Docherty, an Aussie who lives in and has a superb knowledge of Argentina.
PPS: Yes reader TF, they're all men. I scratched my head about that too and the best reply I have is that the women I follow (there are plenty) are more often tweeters in Spanish language than English. And I thought about it again and maybe just maybe it's something about males being more willing to work abroad in journalism, but I honestly don't have a good answer.
Mind you, it's turning out to be the right call, so maybe being boring's good after all. Go figure.
It's from Gary over at Biiwii and you can read it by clicking this link. Here's an extract which also gives a window into why I think Gary is head and shoulders above the vast majority of technical analysts when it comes to reading a chart:
I have looked into these entities and come away not knowing whether to laugh or cry at the head spinning array of calls, up down and all around.
Whole thing hereStill, some gold bugs lap this shit up, as if the chart jockeys have some secret sauce to success. Look folks, a chart is just a chart. Your brain, b/s detector, fundamental knowledge and experience all play into a well founded investment stance.
Reader 'M' kindly sends in this shot of a clipping from a late June edition of The Northern Miner:
Well, I laughed.
SEC Charges Investor Relations Executive With Insider Trading While Preparing Clients’ Press Releases
07/22/2014 10:45 AM EDT
The Securities and Exchange Commission today charged a partner at a New York-based investor relations firm with insider trading on confidential information he learned about two clients while he helped prepare their press releases.
The SEC alleges that Kevin McGrath sold his shares in Misonix Inc. upon learning that the company continues here
- Argentina says it has paid. Which is true, it has indeed deposited the cash it owes for interest payments to the non-holdouters at the relevant banks. Therefore, says Argentina, if you pay you can't be in default. That's a position that has plenty of common sense and logic on its side (for further reading and backing, try the Webster's dictionary definition of the word "default").
- However, Judge Griesa and assembled says that unless Argentina pays everybody, including the holdouts, then it's breaking its contract and nobody gets paid any more. That's the essence of his pari passu judgment of a couple of years ago and the problem set up by the Supreme Court ratification of his call in June this year, the one that's brought it all to a head.
- In other words says Griesa/NML etc, Argentina has paid the people it wants to pay, it hasn't paid everyone. Whereas Argentina says it's paid everyone it has an agreement with but also wants to reach a negotiated agreement with the holdouts, so until that time let's put a freeze on the current judgment (the 'stay' it's looking for) until such time etc etc.
- So in the eyes of Argentina it's not going to be in default because a pesky judge stopping the money from flowing is the real culprit, while in the eyes of Griesa/NML etc Argentina will be in default because if you're going to pay you have to pay everybody else you're breaking the deal. In their eyes, Argentina's selective payment to 92% is the same as deciding to pay 0% or 50% or 25% or 80% or whatever else portion, they're not in a position to choose who does and doesn't get paid.
- Therefore, the use of the word "default" in this matter is now in the eyes of the beholder. It's moved from an objective matter of law to a subjective matter of justice. Argentina's position will be, in essence, "It's not default because the law's an ass". NML/Griesa etc position is "It is default because the law says it's default" and importantly, the fact that Griesa has frozen payments to the vast majority of non-holdout bondholders who agreed to Argentina's haircut terms years ago is beside the point.
...about three months' worth of working capital. NR here.
Good job nobody got tipped off about it, right Quarterbrain?
An important report from AP/Wapo. Here's how it kicks off
Dozens of international groups, the United Nations, and even Peru’s own citizen ombudsman are objecting to a new law that weakens environmental protections in the Andean nation even as it prepares to host international climate talks this year.
The law, aimed at increasing investment, strips Peru’s six-year-old environment ministry of jurisdiction over air, soil and water quality standards, as well as its ability to set limits for harmful substances. It also eliminates the ministry’s power to establish nature reserves exempt from mining and oil-drilling.
The nation pocked by more than 300 major mines already offers the industry incentives unmatched in the Americas, even by mining-friendly Chile and Mexico.
Enacted July 11 by President Ollanta Humala after limited debate in Congress, the new law also further streamlines environmental reviews for new projects, and, for the next three years, lowers by half the maximum fines for all but the most serious of environmental violations.
At the same time, it re-establishes tax breaks for big mining multinationals, which already enjoy such (continues here)
UPDATE: Brian Quast of BMO today sent out one of the most succinct and wonderful notes to clients I've seen for a while regarding the deal. Here's what he said (yup, it's the whole thing):
- Kerr Mines had a cash balance of ~$4M vs. ~$5M in debt as of Dec. 31, 2013 and currently has a market capitalization of ~$40M. BMO Research will consider valuation impacts when the definitive agreement is executed and the exchange ratio is set.
Brevity is the soul of wit. Nicely done, Quast.
Juanita Jean draws our eyes to a most wonderful report:
"… the further our respondents thought that Ukraine was from its actual location, the more they wanted the U.S. to intervene militarily. Even controlling for a series of demographic characteristics and participants’ general foreign policy attitudes, we found that the less accurate our participants were, the more they wanted the U.S. to use force."
UPDATE: Iwnattos agrees and adds more to the mix as well. Thank you, Iwnattos.