First Church of the Nazarene Hosts N.T. Wright Conference

first_img More Cool Stuff Community News Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  Faith & Religion Events First Church of the Nazarene Hosts N.T. Wright Conference Article and Photo courtesy of FIRST CHURCH OF THE NAZARENE and FULLER THEOLOGICAL SEMINARY Published on Thursday, May 1, 2014 | 6:52 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Don’t miss out on the special discount for the First Church of the Nazarene (PazNaz)! On May 1-3 PazNaz will host the Fuller conference with Dr. N.T. Wright, Interpreting Paul for the Future of the World. At this three-day conference, Dr. Wright will offer a fresh perspective on Paul and how he speaks into your life today. Each of his four talks will be followed by panel discussions and breakout sessions. Those interested to join can register online at fuller.edu/theologyweek and receive a $25 discount by clicking “General Registration” and entering the code PAZNAZNTW in the coupon code field. Contact Victoria Smith with questions at [email protected] Church of the Nazarene, 3700 E. Sierra Madre Blvd., Pasadena, (626) 351-9631 or visit www.paznaz.org.About the 2014 N.T. Wright Conference“Breath-taking, mind-expanding, ground-breaking.” N. T. Wright’s multi-volume book Paul and the Faithfulness of God is all that, says Professor of New Testament Interpretation Joel Green — as well as a “game-changer” in how we understand the Apostle Paul and live at the intersection of the gospel and our cultures.At this three-day conference, Dr. Wright will offer participants a fresh perspective on Paul and how he speaks into everyone’s lives today. Each of his four talks will be followed by panel discussion with a range of Fuller faculty members, who will also lead breakout sessions that interact with Dr. Wright’s insights on such diverse topics as preaching, youth ministry, business leadership, personal well-being, creation care, and others. Worship expressing a breadth of traditions will bookend each day. Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribecenter_img Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. 8 recommended0 commentsShareShareTweetSharePin it Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News First Heatwave Expected Next Week Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyCreative Ways To Burn Calories That Require Little EffortHerbeautyHerbeautyHerbeautyRobert Irwin Recreates His Father’s Iconic PhotosHerbeautyHerbeautyHerbeautyThese Lipsticks Are Designed To Make Your Teeth Appear Whiter!HerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Read more

An icy welcome

first_imgCoach Charley Butt has led the Harvard crew team out on the water just a handful of times this season, ramping up the team’s indoor training instead.This is not a new training strategy, but more fallout from this year’s unprecedented snowfall and cold temperatures. The Charles River — the team’s practice area — has been choked with ice.“The last time there was ice this late in the year it was 1967,” said Butt, the Bolles-Parker Head Coach for Harvard Men’s Heavyweight Crew. That year, according to weather reports, it snowed as late as April 24.Harvard’s crew season officially begins April 4 here in Cambridge against Cornell, and for the past two weeks Butt and his assistant coaches have been breaking up the ice on their stretch of the Charles.“We won’t be able to race if it’s not melted,” said Butt.Assistant coach Patrick Lapage has been leading the anti-ice efforts, which are equal parts MacGyver and winging it. Lapage ’12, a onetime government concentrator, takes a boat out with a companion, and whoever isn’t driving stands at the rear of the boat, rocking side to side to break up the ice. Creating waves helps crack it as well, he noted, as does smashing it with an oar.“It’s really kind of primitive,” he said.When it came to other outdoor sports, “keeping all of the athletic facilities open for use during the harsh winter storms was a difficult task,” said Associate Director of Athletics Tim Troville. “The athletics grounds staff worked tirelessly through each storm to prevent the cancellation of recreational activities, practices, and intercollegiate competitions. This year was more difficult than most due to the amount of snow and frequency of storms.”Harvard University crew teams have been unable to practice outside thus far this season due to icy conditions on the Charles River. This freshman team uses an indoor tank. Rose Lincoln/Harvard Staff PhotographerCrews also worked at all hours to maintain the integrity of “the bubble.”“The bubble is the inflated structure used during the winter months in Harvard Stadium, allowing many user groups to train during inclement weather. It must be monitored around the clock during snow events to avoid snow buildup and to maintain safe egress paths. The care that the staff took to maintain the safe operation of the bubble translated to very few cancellations of scheduled activities,” Troville said.Athletics crews also instituted what’s known as the black sand approach — mounting a snow blower to a tractor and cutting walking paths into the baseball and softball fields while they were buried in snow, according to Troville.“We then spread black sand over the surface of the snow. The black sand absorbs the sun’s rays and radiates heat through the snow. We saw great results. Both fields are nearly ready for play, and we’re looking forward to hosting our first games next week.”A notice inside the Weld Boathouse. Photo by Rose Lincoln/Harvard Staff Photographer Saturday’s home races for men’s lightweight crew, women’s heavyweight, and women’s lightweight crew have been canceled due to icy conditions on the Charles River. Men’s heavyweight crew will compete against Cornell on April 4 at Harvard.last_img read more

Read more

The most affordable Gold Coast suburbs within an hour of Brisbane

first_img MOST AFFORDABLE SUBURBS More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago(Suburb, median house price, travel time by car)Ormeau — $475,250, 35-55 minutesOxenford — $499,000, 40-65 minutesPacific Pines — $530,000, 45-70 minutesCoomera — $549,985, 40-70 minutes Source: OpenAgent.com.au Coomera is considered one of the most affordable suburbs for houses within an hour’s drive of Brisbane.GOLD Coast house hunters who regularly travel to Brisbane should consider property in four suburbs to help save time and money.Coomera, Ormeau, Oxenford and Pacific Pines are the most affordable suburbs within an hour’s drive of Brisbane, according to new research from OpenAgent.com.au.Ormeau had the lowest median house price at $475,000 as well as the shortest commute time by car, ranging between 35 and 55 minutes.Oxenford followed closely behind with a median house price of $499,000 and travel time between 40 and 65 minutes. Ormeau also made the list with a median house price of $475,250.OpenAgent data analyst Carson Teh said living a little bit further away from the Coast’s centre would save homeowners a lot of money.“Living somewhere closer to the Gold Coast’s centre such as Surfers Paradise comes with a whopping median house price of around $1.27 million and a median unit price of $365,000 despite having a longer commute to Brisbane,” he said.“Despite being relatively peaceful suburbs, Coomera, Ormeau, Oxenford and Pacific Pines are all located next to the M1 making it easy to both access and escape the city.“These are the most affordable suburbs with a realistic commute to the Brisbane CBD and access to the Gold Coast’s beaches, theme parks, night-life, shopping and great weather.” It takes between 30 minutes and an hour to travel to and from each of the four suburbs and Brisbane.Ray White Nerang principal Clint Hynes said demand for property in the four suburbs was always high because of their proximity to Brisbane and the Coast’s centre.“They (buyers) want something halfway,” he said.“They want good access to the M1 to go north and also the lifestyle that the Gold Coast provides.”He said public transport, with train stations at Coomera and Ormeau, also made it easier for residents to commute between the two cities.While Pacific Pines had one of the highest median house prices at $530,000 and the longest commute time, Mr Hynes said the suburb’s amenities attracted people.“It’s got plenty of parks, the block sizes are good and it’s got good access (to the M1),” he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29last_img read more

Read more

Maneuvering though the Medicare maze

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Taxes come into play with more expenses — including healthcare. This month, let’s talk Medicare. Medicare is health insurance for people 65 or older, people under 65 with certain disabilities, and peopleBrian E. Ravencraftof any age with End-Stage Renal Disease (ESRD) but it works like no other insurance you have known.Medicare is not a one-size-fits all system. Rather, it is made up of several parts with each part covering different aspects of health care costs. There are many decisions to be made and much to understand with regards to deciding if and/or when to sign up for the various parts of Medicare. There are also various deadlines for enrollment for the various parts with potentially expensive and permanent penalties for failing to meet them.A good place to start is an overview of the various parts and what they cover. Medicare Part A (Hospital Insurance) helps cover:Inpatient care in hospitals and certain limited skilled nursing facility care including services of professional nurses, semiprivate room, meals, other services provided directly by the hospital or nursing facility including lab test, prescription drugs, medical appliances and supplies and rehabilitation therapyHospice careHome health care.Medicare Part A might more accurately be called coverage primarily for nursing care. It does not cover the services received from doctors, surgeons, or anesthetists while in a health care facility. It also does not cover custodial or long-term inpatient care in a skilled nursing facility.The vast majority of people in Medicare are eligible for Part A at no cost for premiums. It is essentially paid for in advance by the Medicare payroll taxes contributed from earnings while working. It is “free” unless the enrollee or their spouse has not accumulated 10 years of work credits in Social Security. Those without enough work credits will pay a premium for Part A coverage. However, Part A services are not free. The patient is responsible for deductibles and co-payments for specific services. Medicare Part B (Medical Insurance) helps cover:Medically necessary services from doctors and other health care providersOutpatient careSome inpatient care when patients are placed under observation instead of being formally admittedApproved Home health care not covered by Part ADurable medical equipmentA wide range of preventive healthcare services (with little or no cost).Unless income is low enough to qualify for assistance from the resident state, enrollees must pay a monthly premium to receive Part B services. If modified adjusted gross income as reported on the enrollee’s IRS tax return two years ago was above a certain amount the enrollee may be required to pay more.If yearly modified adjusted gross income in 2015 was:File individual tax returnFile joint tax returnFile married & separateMonthly premium in 2017$85,000 or less$170,000 or less$85,000 or less$134Above $85000 up to $107,000Above $170,000 up to $214,000N/A$187.50Above $107,000 up to $160,000Above $214,000 up to $320,000N/A$267.90Above $160,00 up to $214,000Above $320,000 up to $428,000Above $85,000 up to $129,000$348.30Above $214,000Above $428,000Above $129,000$428.60 In addition to the monthly premium the enrollee pays a share of the cost of most Part B service. This amount is almost always 20% of the Medicare approved cost.A person must be a U. S. citizen or be lawfully present in the U.S. to get Medicare-covered Part A and/or Part services.Part A and Part B together form what is known as traditional or original Medicare. The other parts make up fee-for-service Medicare.The enrollee can decline Medicare B coverage if they have other health insurance that meets Medicare requirements. If the other coverage is lost, he/she can enroll in Medicare Part B with no penalty if application is made on a timely basis. Medicare Part C (Medicare Advantage)Medicare Part C is also called fee-for service Medicare. This is a Health Maintenance Organization (HMO) type coverage. Medicare Part C includes:Includes all benefits and services covered under Part A and Part BUsually includes Medicare prescription drug coverage (Part D) as part of the planRun by Medicare-approved private insurance companies that follow rules set by MedicareMay include extra benefits and services for an extra cost. Medicare Part D (Medicare prescription drug coverage):This is optional Medicare coverage and usually requires a premium. Medicare Part D:Helps cover the cost of prescription drugsIs run by Medicare-approved private insurance companies that follow rules set by MedicareMay help lower prescription drug costs and help protect against higher costs in the futureGenerally an HMO or PPO.Medicare Supplement Insurance (Medigap)Original Medicare pays for many, but not all, health services and supplies. Medicare Supplement Insurance policies, sold by private companies, can help pay some of the health care costs that traditional Medicare doesn’t cover, like copayments, coinsurance and deductibles.Every Medigap policy must follow federal and state laws and must be clearly identified as “Medicare Supplement Insurance.” Insurance companies can sell only a “standardized” policy. All policies offer the same basic benefits, but some offer additional benefits so you can choose which one meets your needs.The enrollee must have Part A and BThere are monthly premiumsCovers only one personCan’t have prescription coverage in the Medigap plan and also have Part DCosts can vary and may go up with ageGood all over the country when using doctors and other providers who accept Medicare payment.For more information about Medicare, feel free to each out to me with any questions you may have. Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAs. Brian has been with Holbrook & Manter since 1995, primarily focusing on the areas of Tax Consulting and Management Advisory Services within several firm service areas, focusing on agri-business and closely held businesses and their owners. Holbrook & Manter is a professional services firm founded in 1919 and we are unique in that we offer the resources of a large firm without compromising the focused and responsive personal attention that each client deserves. You can reach Brian through www.HolbrookManter.com or at [email protected]last_img read more

Read more

10 months agoGetafe president Torres: Real Madrid players are giving up

first_imgGetafe president Torres: Real Madrid players are giving upby Carlos Volcano10 months agoSend to a friendShare the loveGetafe president Angel Torres says it’s clear Real Madrid are in crisis.Just as Barcelona were winning at Getafe, Real Madrid were being beaten at home to Real Sociedad.Torres addressed Real’s problems after his own team’s defeat and said: “Something is happening, something does not work, but I have enough with Getafe, but the league is deteriorating with the hole that Barcelona has opened.”Florentino (Perez) has to fix it. The money of three Champions Leagues, Madrid cannot spend a lot of time without winning the league, I’ve seen today’s game and people have lowered their arms, I hope they fix it.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

Read more

9 days agoArsenal boss Emery played Ozil, Mustafi in Reading friendly

first_imgArsenal boss Emery played Ozil, Mustafi in Reading friendlyby Paul Vegas9 days agoSend to a friendShare the loveArsenal boss Unai Emery fielded a strong XI for Tuesday’s friendly with Reading.The match was Mark Bowen’s first as new Royals manager.The game finished 2-2, with Sam Baldock netting both of Royals’ goals.The former Brighton man had given Reading the lead, before an Arsenal team – which included senior pros Mesut Ozil, Ashley Maitland-Niles, Hector Bellerin, Rob Holding and Shkodran Mustafi – hit back.Baldock had the last laugh though as he claimed his second goal to earn Royals a draw. About the authorPaul VegasShare the loveHave your saylast_img

Read more

Elton John Writes OpEd For New York Times

first_imgAn op-ed by Elton John AIDS Foundation founder Sir Elton John has been published by the New York Times.Elton’s op-ed, “Don’t Forget About AIDS,” celebrates the victories that have been won in the march to achieve marriage equality for same-sex couples and calls on the LGBT community to bring that same creativity and dedication back to the effort to end AIDS.“As engaged as the gay community and civil rights activists have been in the fight for marriage equality, we have lost ground on the fight that so intensely galvanized the gay community to begin with: HIV/AIDS,” Elton writes. “Thirty years after the AIDS epidemic began, rates of infection are still at unacceptable levels.“I came out publicly in 1976, just before the beginning of the AIDS crisis. The gay community I inhabited in those years never dreamed of marriage equality — we simply wanted to live, and to stop the terrible epidemic that kept killing our loved ones. We’ve come a long way. But as we celebrate these victories, we must also come together and redouble our efforts to end H.I.V. Only then will we truly have won freedom and equality.”To read the full op-ed, click here.Source:Elton John AIDS Foundationlast_img read more

Read more

Rep VerHeulen welcomes local pastor to lead House invocation

first_img Categories: VerHeulen News PHOTO INFORMATION: State Rep. Rob VerHeulen (right) welcomed Reverend Jessica Shults to the state capitol to lead Wednesday’s invocation for the Michigan House of Representatives. Shults is the lead pastor of Standale Reformed Church in Walker. Speaker of the House Tom Leonard joined them at the rostrum. House tradition calls for a representative or a clergy member to begin each day’s session with a prayer. 30Nov Rep. VerHeulen welcomes local pastor to lead House invocationlast_img

Read more

In This Issue   Euros As Gold attempt to

first_imgIn This Issue. *  Euros & A$’s & Gold attempt to rally. *  Sweden, U.K. and ECB meet this week. *  Asians like loonies! *  Update on CFC  And, Now, Today’s Pfennig For Your Thoughts! Fed Heads Shuffle Around Their Take On QE.  Good day. And a Marvelous Monday to you! Another weekend filled with rain. I was sitting outside, under cover, yesterday, and it was downright chilly! It was the last day of June for heaven’s sake! I know out west their getting baked, but here, no one from my family would sit outside with me because it was “too cold”. UGH!  Oh well, It’s July 1st, and keeping with Pfennig Tradition, this is how I begin each July. There I was on a July morning, I was looking for love. With the strength of a new day dawning and the beautiful sun.  (special credit if you know who did this great rock song, and no checking on Google!) Well. It appears to be a quiet day in the currencies this morning. The euro and Aussie dollar (A$) are both up 1/2-cent , Gold is higher by $8, and the yen is weaker, as it heads back to 100..  There are a ton of data prints before we get to Friday’s Jobs Jamboree, which will be fielded by just a handful of junior traders, as most boys and girls will have taken the opportunity to make the 4th of July a 4-day holiday weekend, and head to the Hamptons. OK. So, there I was on Friday morning, our little Christine had brought us in breakfast sandwiches, and I was sipping my coffee and reading news stories, when a story came across the screen that caught my eye.   But first, I had just mentioned to the desk that the euro was having a “good day” so far, and it was about to re-touch 1.31, when the rug was pulled from under the single unit.   So, it was falling like a rock from a cliff, and this story came across talking about how the Eurozone’s record Current Account Surplus and slowing inflation was giving the euro the kind of strength that has made the yen a safe haven in times of financial economic turmoil.   It made it all very strange, because I’m reading this story about why the euro is strong, and on the screens it’s dropping like a rock! I do want to point out that the euro, while weaker than it was before the FOMC announcement two weeks ago, still is ahead of where most forecasters had circled the euro a few months ago.  Most forecasters had the euro trading at 1.28 at the end of the quarter.  Instead the euro posted its biggest quarterly gain since 12/08. not too shabby for a currency that was supposed to collapsed or not even around, according to a TON of analysts and researchers a couple of years ago. Yes, I could begin listing these fellows right here, but. what good would that do? Other than to imagine them with egg on their collective faces! OK. now that’s tempting. But I think I’ll pass. Later on Friday morning, I saw what had caused the damage to the euro, but didn’t explain why Gold bounced from $1,188 to $1,215 while the euro dropped. A Fed Head, Jeremy Stein, made a speech and delivered his thoughts on why he believes the Fed will begin tapering Quantitative Easing (QE) in Sept. just two short months away.  He believes that the cumulative amount of progress in the economy since last September was giving the Fed a feeling that they needed to begin to provide concrete guidance to the markets.. And that it’s not a matter tracking data up to September either. so I guess we can ditch our “data journals”. No, he said that the current data when the FOMC meets in September will dictate if tapering can begin, and then each month going forward would provide guidance as to how much tapering each month can be done. You know, with each Fed Head, comes a different idea on what we can expect, or look at. last week it was Dudley saying that the unemployment rate was the key. and so on.  So, that’s their plan folks. The Fed Heads are going to all go in different directions, in an attempt to confuse us, so that when they do get around to whatever it is they decide to do, they can explain it by saying, “we told you on “x” date that we were going to do, blah, blah, blah”  I’m going to continue to keep my data journal going though, it’s a good exercise in keeping track of this stuff, because, as you know, a lot of data is printed long after the water passed under the bridge, and even though they are lagging indicators, they at least confirm what I see in the economy. I told you all that I was going to be meeting with our fave local professor of economics on Friday, and it was quite an entertaining meeting. I did get a couple of my points across, but the professor was steadfast that the Gov’t is doing the right thing, and that things aren’t as black as I paint them every day. One thought I’ve been carrying around was confirmed as right, by the professor, but. was quickly dismissed as anything “significant” when considered against the “size of the economy”. And that was simply that I thought that the Gov’t was subsidizing GDP in a covert way. My thought was simply that with spending or consumption a large part of GDP, one way to boost GDP would be to get spending up. Ahhh, let’s see, we currently have 47 million people on food stamps, and when they get the money in their account what do they do with it? No, I’m not talking about “the fringe stuff” , I’m just talking about spending it.  And, any questions now why the Gov’t is still “recruiting” individuals to sign up for food stamps? OK. Time to go on to other things! The Reserve Bank of Australia (RBA) will meet tonight, and the consensus forecast is for the RBA to keep rates unchanged at this meeting. But, I’m not “buying the consensus forecast”. The RBA has been a thorn in my side for months now, and I’m pretty sure they will want to remain a thorn in my side by implementing another rate cut!  But, this morning the traders are buying the consensus forecast and marking up the A$ by 1/2-cent. The euro is getting its boost this morning from better than the average bear manufacturing index prints from Spain and Italy. As the day goes on, the euro will also have to deal with May unemployment data from the Eurozone, and the June Inflation reports. So, this could be a volatile day for the single unit. So. remember last week when I wrote about the price of Gold getting close to its production costs and when if it slipped below its production costs that it could cause mining companies to shut down, and thus causing a supply problem. Well, there I was Saturday, reading stuff between the wedding of a neighbor’s daughter, and the reception, and saw this story on Gold from CNBC.com. “Gold fell to its lowest level since 2010 on Friday to under $1,200, which is what it costs many miners to produce an ounce of Gold.” There are reports of quite a few gold mines closing in Australia, with some companies actually going bust and a significant amount of job cuts by big miners.” For those of you new to class, Australia is the second leading Gold Producing nation in the world, so what happens to Aussie miners is not good for the supply. And the price of Gold did briefly slip below $1,200 on Friday, but then was like a rubber band shot back above that $1,200 level, and hasn’t looked back since. We have a few Central Bank meetings this week. I already told you about the RBA meeting tonight. On Wednesday Sweden’s Riksbank will meet, and as we’ve discussed the past couple of weeks, the economic data in Sweden is strong enough to make the Riksbank pass on a rate cut at this meeting. Then on Thursday when here in the U.S. we will be flying our flags, heating up the charcoal, and shooting off fireworks, the Bank of England (BOE) and the European Central Bank (ECB) will meet. The only thing going on in the BOE meeting is that it will be the first one under the leadership of Mark Carney, former Bank of Canada Gov.  The ECB will probably not even mention the modest recovery going on in the Eurozone, for it’s just too soon to get all lathered up about. So, the Central Banks in Europe will most likely keep their rate cut powder dry this week, besides, the markets will be very thin, come Wednesday. Shoot Rudy, there weren’t many cars on the road when I came to work today, so maybe this is going to be a volume thin holiday week! I haven’t talked about Canada yet today, so this seems to be a good place for me to highlight that Canada’s April GDP printed with another rise, this time being a small .1%, and although it was smaller than the previous month’s gains, it did keep the momentum in the economy going, as this marked the 4th consecutive month of GDP gains.  The Canadian dollar / loonie is basically flat today, with the Canadians on holiday today, as they celebrate their “Canada Day”. OK. Remember all the hoopla I tried to place on the fact that the A$ and loonie were now going to be accounted for separately in the IMF’s accounting of Central Bank reserves?  Well, it appears to be have been warranted! The IMF’s data showed that both the A$ and loonie accounted for 1.6% of global reserves. Which in real numbers is 98.6 Billion worth of A$’s (in dollar terms) with a good spread around the world. The loonie’s reserves are lower in Europe, but more than make up for that lower % in Europe with a huge increase in Asia. Now. Knowing this data, gives me a thought about the loonie. I always associate Asian people as knowledgeable investors, knowing that precious metals are a store of wealth, and not just a commodity, saving and the list goes on. If the Asians see something in the loonie as something they should own, well. I guess that speaks for itself, eh? Here in the U.S. this week, we’ll see quite a bit of data for a holiday shortened week, starting today with the June ISM Manufacturing Index. Remember that May’s Index showed that manufacturing had slipped to the contraction side of ledger (49). The forecasts are for the June index to climb back above 50, but not by much. The regional reports haven’t been very strong, as a whole, with some regions stronger and others weaker. Which tells you about the economy in the U.S. very uneven.  All the data in the U.S. this week will just be the opening act for Friday’s Jobs Jamboree.  I see the calls for June job creation to be around 165,000, with the unemployment rate remaining at 7.6%, but don’t forget what I explained to you about last Friday, regarding how the unemployment rate could begin to slip at a quicker pace, due to the lower labor participation rate. Shoot Rudy, like I always say about Gov’t data. If they don’t like the results they just change the way they account for them. Speaking of the U.S. I saw where the DOW ended June on a down note, but still posted the best half year since 1999! The year-to-date increase in the DOW was up 13.78% in the first 6 months of this year.  I wonder what the news from the Wall Street Journal (WSJ) on the soaring health insurance costs will do to the DOW as we go forward.  According to a report in the WSJ, “healthy consumers could see insurance rated double or even triple when they look for individual coverage und the federal health law later this year, while premiums paid by sicker people are set to become more affordable.”   OK. a few years ago, I told you all this would come to fruition, and I had one reader blast me saying that it was untrue, and wanted me to issue a correction. Hmmm, I wonder who should issue the correction now? And while we’re on the subject of Gov’t mingling. Remember the Cash for Clunkers program? Well, it turns out that many cash-for-clunkers (CFC) buyers have higher repo, and late payment rates. I know, this is not amazing to us that saw the CFC for what it was. 1in 5 CFC participants said they regret buying a new vehicle, and admit they didn’t think past the new car smell.  They also bought into the idea that the economy was improving and would make their purchase look like a good idea. I guess not! Alrighty then. Let’s talk about something else! Oh, I guess it’s time to head to the Big Finish! Let’s go! For What It’s Worth. You know for the past few years, I’ve given you quotes and snippets of articles from Silver Analyst, Ted Butler (no relation that I know of, and each time he says stuff that people should really be listening to. Today is no different. I took this from Ed Steer’s letter, and it’s Ted Butler talking about Silver. Being around the markets for as long as I have, I have resisted the temptation to flat-out state that silver prices can’t possibly go lower than any certain level; although it is just as true that I have thought the bottom has been put in on many recent occasions. Right now we are caught between unreasonably low prices that must adjust to the upside at some point…and an historic deliberate manipulation to the downside of unprecedented proportion that must end. Accordingly, I feel it is way too late to even think about selling…and the only reasonable thoughts should be of where to buy at the lowest possible price.” Chuck again. Did you see my Sunday Pfennig & Pfriends article about Silver? I thank those that sent me notes telling me it was good article. I really don’t like writing for the Sunday issues, I don’t want Pfennig Readers to get too much of Chuck that grow tired of hearing from me. One thing I learned from my days of performing on stage with my guitar. “leave them wanting”. To recap. The currencies are mixed today, with the A$ and euro both up ½-cent, while the yen heads south again toward 100. Gold is up $8 this morning, after experiencing a rubber band shot higher on Friday, after the slip below $1,200. Gold’s price is very near its cost to produce it, and miners in Australia are feeling the pinch, just as Chuck predicted they would a week ago. And Chuck gives us the update on two Gov’t mingling projects. Currencies today 7/1/13. American Style: A$ .9205, kiwi .7780, C$ .9510, euro 1.3045, sterling 1.5220, Swiss $1.0575, . European Style: rand 9.9120, krone 6.0590, SEK 6.6685, forint 225.25, zloty 3.32, koruna 19.9215, RUB 32.88, yen 99.60, sing 1.2676, HKD 7.7555, INR 59.52, China 6.1805, pesos 12.92, BRL 2.2310, Dollar Index 83.10, Oil $97.03, 10-year 2.52%, Silver $19.51, Platinum $1,355.99, Palladium $ 677.33, and Gold. $1,238.77 That’s it for today. Sad new out west, eh? 19 firefighters died fighting the Arizona wildfires. My beloved Cardinals are not playing so well these days, and need to shake out of this funk they are in.  They play this week in Anaheim, which means I won’t see or hear the games, as they start so darn late!  We had a nice family dinner celebration for Alex’s 18th birthday on Friday. Then he had some of his friends come over. I guess as Alice Cooper said, he’s 18, and he likes it! Alex will be traveling later this month with the St. Louis Junior Olympics Water Polo Team to California for games, it will be his first trip without a parent. Thanks to Lisa for our meeting on Friday, and my trip to the Center for Advanced Medicine was fine, a much better experience than when I used to go there a couple of years ago for my other eye.  And with that. Let’s go out on this July morning, with a beautiful sun (not here of course! UGH!) and make it a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

Read more