Embed Code More: Apple Podcasts | ESPN App | RSS | Embed FiveThirtyEight This week on Hot Takedown, we’re reacting to a series of upsets in the first round of the NBA playoffs. The Los Angeles Clippers pulled off the biggest comeback in playoff history, but we don’t necessarily think the Warriors should be too worried for the rest of the series. Other upsets included the No. 7 seed Orlando Magic defeating the No. 2 Toronto Raptors; that Game 1 victory had Mike Tuck on “Open Mike” from Orlando’s 96.9 The Game positing that Orlando is underrated in the Eastern Conference. Our basketball guru, Chris Herring, makes a guest appearance to help us break down this claim.Someone who is openly shaking in his boots this week is golfing great Jack Nicklaus. Tiger Woods’s victory at the Masters gave him his 15th major, just three behind Nicklaus’s all-time record. Does Tiger have it in him to catch Jack? Or do we expect this to be his last big victory?Inspired by Tiger’s feat, our Rabbit Hole dives into other statistically improbable comebacks.Here’s what we’re looking at this week:Chris breaks down how the Warriors blew a 31-point lead.And he provides takeaways from the opening weekend of the NBA playoffs.As per usual, our eyes are glued to our NBA predictions.We can’t get enough of Tiger Woods’s comeback.The Washington Post digs into Tiger’s odds for the rest of the season and into 2020.ESPN analyzes great comeback stories across sports.From our Rabbit Hole, this excellent video about Lonnie Smith from SB Nation.
Francesca Di Lorenzo competes during a match at the 2015 U.S. Junior Open. Credit: Courtesy of United States Tennis AssociationWhile most Ohio State students have started hitting the books, freshman tennis player Francesca Di Lorenzo has been busy hitting the courts at the 135th edition of the U.S. Open.The fourth leg of the Grand Slam, which began on Aug. 31 in New York City and concluded on Sunday, featured more than 300 of the best tennis players in the world.Di Lorenzo, who was ranked as the No. 1 recruit in the class of 2015 by the Tennis Recruiting Network, advanced all the way to the semi-finals of both the U.S. Open Junior girls’ singles and doubles draws.Di Lorenzo said the experience was one of the highlights of her career so far.“It was one of the best weeks I’ve had in terms of tennis,” she said. “The atmosphere there in New York was just unbelievable. The fans, everyone supporting you, you’re in the U.S. as a U.S. player. It doesn’t get better than that.”Surrounded by famed tennis stars like Serena and Venus Williams, Roger Federer and Novak Djokovic, Di Lorenzo got a taste of life with the pros.“It was interesting to be with the pros. You got to eat in the same restaurants as them and be right by the locker room with them,” she said. “It’s nice to see the level that you want to get to.”The New Albany, Ohio, native was unseeded in the singles draw but was ranked fifth in doubles alongside partner Luisa Stefani of Brazil. Despite what the rankings might have depicted, Di Lorenzo said it is competing in singles that she enjoys most.“I enjoy doubles and having a partner out there, but I like being out there competing on my own,” she said. “If I win, it’s on me. If I lose, it’s on me.”Throughout the singles draw, Di Lorenzo faced off against two players ranked in the top five in the world. She defeated Slovakia’s Tereza Mihalikova, the No. 4 seed, in the third round of the tournament. She later fell to the No. 2-ranked, and eventual single’s champion, Dalma Galfi of Hungary, in the semi-finals.Di Lorenzo said her mindset does not change regardless of where her opponent is ranked.“I don’t like looking at the rankings as much as focusing on what I have to do to be successful in the match,” she said. “I knew that whatever match I was playing that the girl was going to come out playing her best and competing hard, and I would have to do the same.”However, she admits that taking out a high-ranked player adds more excitement to a win.“(Mihalikova) was the Australian Open junior champion, so that was cool to be able to beat a girl that has had so much success,” the freshman said. “That gives you a lot of confidence going into your next matches.”Di Lorenzo and her doubles partner Stefani met through their siblings who both play tennis at Xavier University. The pair had recently won doubles championships in Brazil and Belgium.They took out the No. 4-ranked pair of Russians, Anna Blinkova and Olesya Pervushina, in the quarterfinals before having their run end in the semi-finals against the eventual champions, Slovakia’s Viktoria Kuzmova and Russia’s Aleksandra Pospelova.Having only been on campus for two weeks before the tournament began, Di Lorenzo is now adjusting to life at OSU.“It’s tough, I’m not going to lie,” she said. “It’s much harder than you think to try and keep up with the academics and tennis. I just missed the last week, so hopefully I can catch up. Luckily we have amazing tutors and help.”The transition is eased by growing up in the Columbus area and a familiarity with campus and her coaches, both of which played a role in her choice to attend OSU.“I go to a lot of games. I love the big school atmosphere and most importantly the coaches. They’ve all really helped me become the player I am,” she said.Women’s tennis coach Melissa Schaub said she is proud to have a highly rated prospect on the roster.“It means a lot. Not only is she a one recruit, but she’s an Ohio kid and from Columbus. It’s huge for us at Ohio State to keep someone home like that,” she said. “I think we’ve been able to get ourselves to a level where we are able to get someone like her. It means a lot for the future of the program and for right now.”While new to OSU, Di Lorenzo said she is already comfortable with her new teammates.“I’d come here for the clinics when I was younger, and I’d meet the girls,” she said. “They’re great girls. I just love being with the team.”The team atmosphere is what Schaub said she sees as one of roster’s strengths.“Team chemistry is really strong. They’re definitely very tight-knit. I think this year with the addition of Francesca, there’s really good competition amongst the team. I think that’s good,” she said.As the season gets under way, Di Lorenzo already has some goals in mind.“I’d love to be the Big Ten freshman of the year and hopefully make the NCAA individual tournaments,” she said. “I’d love to go a round of 16, at least, for the team championship. That’d be cool.”Schaub views Di Lorenzo’s determination as one of her best qualities.“I think that’s the greatest thing about Francesca, she was a No. 1 recruit in the country, but there’s also things that she can get better at,” she said. “Her goals are beyond college, and no one is willing to work harder than she is. It’s pretty exciting.” Di Lorenzo and the women’s tennis team are scheduled to kick off their 2015 season in tournaments in Waco, Texas, and Miami from Sept. 18-20.
Ohio State guard Carmen Grande (1) dribbles the ball up the court in the second half of the game against Indiana on Jan. 10. Ohio State won 55-50. Credit: Casey Cascaldo | Photo EditorThe Ohio State women’s basketball team (14-12, 10-7 Big Ten) continued its hot streak, winning 10 of its past 14 games, with a 61-50 win against Wisconsin(13-16, 4-13). Thursday’s game saw four players score 10 points or more, with redshirt senior guard Carmen Grande leading the way for Ohio State. Her 17 points along with three rebounds and five assists were key in giving the Buckeyes a substantial lead for most of the game. Also getting in on the action were freshman guard Janai Crooms, redshirt senior guard Carly Santoro and freshman forward Dorka Juhasz, who combined for 32 of the team’s 61 points. Crooms was hot early on helping the Buckeyes get off to an early lead in the first quarter. She was 4-of-8 from the field for 11 points to go with six rebounds. Moving into the second quarter, Santoro and Juhasz stepped up to take control of the game and get a 13-point lead heading into halftime. Santoro scored 11 points with two rebounds and two assists. Juhasz had a double-double with 10 points and 14 rebounds to contribute not only on the offensive side, but also being a key figure on the defensive side as well. Wisconsin could never quite get it going on the offensive side early on, but senior forward Marsha Howard kept the Badgers in the game with a 15-point performance along with seven rebounds and two assists. The second half was a bit of different story, as a 10-point Wisconsin run in the third quarter cut an 18-point Ohio State lead back down to a single-digit game. However, the Buckeyes countered with a nine-point run of their own to take a firm hold of the game again. Despite a nine-point run by Wisconsin in the fourth quarter, Ohio State burned enough clock to limit Wisconsin’s options. The Badgers were forced to foul to stay in the game, and the Buckeyes made enough free throws to get away with the win. The Buckeyes will close out the regular season with a rematch against Rutgers on Sunday at 2 p.m. at the Schottenstein Center.
In this still from a video provided by Venezolana de Television, presiden Nicolas Maduro, center, delivers his speech as his wife Cilia Flores winces and looks up after being startled by and explosion, in Caracas, Venezuela on 4 August. Photo: APSix “terrorists and hired killers” have been arrested in Venezuela accused of trying to assassinate president Nicolas Maduro in an alleged drone attack, the government said on Sunday.Interior and justice minister Nestor Reverol announced the arrests on state television, saying more could be on the way “in the coming hours.”Three soldiers were in critical condition and four more were injured in the alleged attack that involved two remote-controlled drones, Reverol said.He described it as “a crime of terrorism and assassination” and said that the “material and intellectual authors inside and outside the country” had been identified.Venezuela’s opposition braced itself for “persecution and repression” as the armed forces vowed “unconditional” loyalty to radical socialist leader Maduro, who, standing with his wife on a reviewing stand, was unharmed in the incident.Maduro vowed to inflict “maximum punishment” on those who tried “to assassinate me.” He pointed the finger at outgoing Colombian president Juan Manuel Santos and “the ultra-right wing”-a term he uses to describe domestic opposition, even as a mysterious rebel group claimed responsibility.‘Wave of repression’“There will be no forgiveness,” Maduro warned, for what a military statement said was an act of “barbarism in a desperate attempt to destabilize” the government.But Nicmer Evans, a former government loyalist and now leader of the opposition Frente Amplio party, said he feared the government’s measures “open the door to persecution and a wave of repression.”Those worries came as defense minister Vladimir Padrino Lopez voiced the military’s “unconditional and unrestricted loyalty to our commander in chief.”Army general Padrino Lopez described Saturday’s incident as “an aggression against the military” aimed at provoking regime change “through unconstitutional means.”Attorney general Tarek William Saab said the names of those arrested would be published on Monday.The alleged attack involved two drones, each carrying a kilogram (2.2 pounds) of plastic explosive C4, which Reverol said on state television is “capable of causing effective damage over a 50-meter (164 feet) radius.”He said one drone flew over the tribune where Maduro was giving a speech but that it became “disoriented by signal-inhibiting equipment” and was thus “activated outside the assassins’ planned perimeter.”The second drone lost control and crashed into a nearby building, Reverol added.State television images showed Maduro looking up with a start after hearing a bang, as National Guardsmen lined up in the parade scattered in fright.No drones could be seen in the television broadcast, which showed bodyguards jumping in front of Maduro to protect him with flexible ballistic shields. The broadcast was quickly cut.Maduro ‘has to fall’Once back in the presidential palace, Maduro said he had “no doubt” that Colombia’s Santos-a Nobel Peace Prize winner who negotiated a historic peace accord with Marxist guerrillas FARC-was “behind the attack.”Santos, who is due to hand over power to the hardline right-winger and vocal Maduro critic Ivan Duque on Tuesday, had said this week that the Venezuelan “regime has to fall” and that he could “see it happening in the near future.”Colombia’s Foreign Ministry denied involvement, calling the allegations “absurd.”Maduro said investigations pointed to financial backers who “live in the United States, in the state of Florida. I hope that President Donald Trump is ready to fight these terrorist groups.”US national security advisor John Bolton insisted Sunday that there was “no US government involvement” and even suggested on “Fox News Sunday” that the incident could have been “a pretext set up by the regime itself.”Late Saturday, a rebel group calling itself the National Movement of Soldiers in T-Shirts claimed responsibility in a statement passed to US-based opposition journalist Patricia Poleo, who read it on her YouTube channel.“We cannot tolerate that the population is suffering from hunger, that the sick do not have medicine, that the currency has no value, or that the education system neither educates nor teaches, only indoctrinating communism,” said the statement, accusing the regime of having “made public office an obscene way to get rich.”A collapsing economyOn Saturday, a policeman who requested anonymity told AFP that drones may have been released from a nearby apartment that suffered a fire after one exploded. However, other accounts blamed the fire on the accidental explosion of a gas cylinder.Maduro’s allies Cuba and Bolivia condemned the incident, as did Russia.Last year, 125 people were killed over four months of violent clashes between anti-Maduro protesters and armed forces.Maduro, a 55-year-old former bus driver, has remained in power despite a collapsing economy and a long-running political crisis, thanks in large part to unwavering support from the military.Hundreds of thousands have fled the country due to food and medicine shortages and hyperinflation that the International Monetary Fund says could reach one million percent this year.Maduro often accuses the opposition and the United States of working together to topple him.
Burnout is a state of physical, emotional, and mental exhaustion from work, which results in lack of motivation, low efficiency, and helpless feeling. Its health effects include anxiety, cardiovascular disease, immune disorders, insomnia, and depression. The results showed that a mismatch between job characteristics and either implicit motive can cause burnout. Employees can get burned out when they have too much or not enough scope for power or affiliation compared to their individual needs. “We found that the frustration of unconscious effective needs, caused by a lack of opportunities for motive-driven behaviour, is detrimental to psychological and physical well-being,” said leading author, Veronika Brandstatter, Professor at the University of Zurich in Switzerland. “The same is true for goal-striving that doesn’t match a well-developed implicit motive for power or affiliation, because then excessive effort is necessary to achieve that goal. Both forms of mismatch act as ‘hidden stressors’ and can cause burnout,” Brandstatter added. Also Read – Add new books to your shelfFurther, the unconscious needs of employees – their so-called “implicit motives” – play an important role in the development of burnout. The researchers focus on two important motives: the power motive, that is, the need to take responsibility for others, maintain discipline, and engage in arguments or negotiation, in order to feel strong and self-efficacious. Secondly, the affiliation motive, the need for positive personal relations, in order to feel trust, warmth, and belonging. Also Read – Over 2 hours screen time daily will make your kids impulsiveFor the study, the team analysed 97 Swiss men and women, between the age group 22 and 62. The greater the mismatch between someone’s affiliation motive and the scope for personal relations at the job, the higher was the risk of burnout, the researchers said. Likewise, adverse physical symptoms, such as headache, chest pain, faintness, and shortness of breath, became more common with increasing mismatch between an employee’s power motive and the scope for power in his or her job. Interventions that prevent or repair such mismatches could increase well-being at work and reduce the risk of burnout, the team suggested.
France’s TF1 Group has put the final piece in place to secure universal fixed-line IPTV distribution after striking a deal with Iliad Telecom/Free.As with previous deals, TF1 said the agreement with Free covered both its linear channels and associated non-linear services, with Free subscribers set to benefit from “innovative functionality” from new services.The agreement covers catch-up services on the MYTF1 service, with extended windows for content, the availability of some programmes in an avant-première window ahead of their airing on terrestrial TV and unspecified advanced functionality that will “allow free to launch new services”.In addition, the deal will bring two time-shifted channels to Free customers – TF1+1 and TMC+1 – later this year, as well as event-based programming in 4K UHD.The carriage deal also covers digital channels TV Breizh, Ushaïa TV, Histoire and TFOU Max.TF1 did not reveal terms of the agreement, which appears to bring Free into line with other fixed-line service providers that have made concessions to secure an agreement.The broadcaster had been in dispute with IPTV providers Orange and Free along with pay TV operator Canal+ over its demand for retransmission fees for the carriage of its channels, having earlier struck carriage agreements with Bouygues Telecom – with which it has a shared owner in the form of Bouygues Group – and Altice France/SFR, which has itself called for retransmission fees for its own channels.TF1 struck an agreement with Orange in March after a long dispute with the operator, leaving Free as the only hold-out among fixed-line telecom players.The broadcaster has yet to strike a deal with Canal+, which briefly suspended broadcasting TF1’s channels in March.TF1’s agreement with Free also follows a deal between the IPTV provider and the country’s other main commercial broadcaster M6 Group, which had also demanded retransmission fees. That deal meant that M6 has struck agreements with all the main distributors in France, including Canal+.
Abolish the Federal Reserve. The United States of America is not what it used to be. Unsustainable mountains of debt, continuous meddling by the government and Fed to “stimulate the economy,” and the US dollar’s dwindling status as the world’s reserve currency are very real threats to Americans’ standard of living. Here are some opinions from the recently concluded Casey Research Fall Summit on the state of the state and how to fix it. Marc Victor, a criminal defense attorney from Arizona and a staunch liberty advocate, says there’s really no such thing as “the state”—“it’s just some people bossing other people around.” Not everyone wants to fix things, he says; the bosses like the status quo. For example, aside from drug lords, DEA agents are the ones benefiting most from the “War on Drugs.” Victor believes that democracy and freedom are incompatible, since “democracy is majority rule, and freedom is self-rule.” If you want to bring true freedom to America, he says, winning hearts and minds is the only way to reboot this country and create a free society. Paul Rosenberg, adventure capitalist, Casey Research contributor, and editor of “A Free Man’s Take,” views America’s future similarly. He thinks the United States is in a state of entropy. The bad news, says Rosenberg, is that there will be no revolution. The good news is that the peak of citizens’ obedience to the state is behind us, and people are getting fed up with the government’s shenanigans. Real change is slow, he says, so we must work persistently to create a better world. Stephen Moore, chief economist at the Heritage Foundation, says the problem is liberal economic policy: Red states in the US, he says, have blown away blue states in job creation since 1990. Texas alone accounts for the entire net growth of the US economy over the past five years. As another proof point in favor of a free-market economy, Moore emphasizes that both Obama and Reagan took office during terrible economic times. While Obama has raised taxes and instituted Obamacare, Reagan cut taxes and regulation. As a result, the Reagan economic recovery was almost twice as robust as the Obama “recovery.” One of the US’s biggest problems, says Moore, is that companies can’t reinvest profits because dividend, capital gains, and income taxes all have increased under Obama. Corporate taxes in the rest of the world have dramatically declined in the last 25 years, but in the US, they haven’t budged. The average corporate tax rate around the world is 24%—in the US, it’s 38%. Overall, though, Moore is bullish on the US economy. American companies, he says, are the best-run in the world, if only the US government would adopt less economically destructive policies. Doug Casey, chairman of Casey Research, legendary speculator, and best-selling financial author, isn’t so optimistic. First of all, he says, we’re in the Greater Depression right now, which began in 2008. He fears it’s too late to repair America, but says if anyone would attempt to do so, the following seven-step program would help: Allow the collapse of “zombie companies” (companies that are only being held up by government handouts and other cash infusions). Abolish all regulatory agencies. Cut the size of the military by at least 90%. Eliminate the income tax. Sell all US government assets. Default on the national debt. Of course, says Casey, that’s not going to happen, so individual investors shouldn’t hope for a political solution or waste their time and money trying to stop the inevitable collapse of the US economy. The only way to save yourself and your assets is to internationalize. He recommends owning significant assets outside your home country: for example, by buying foreign real estate. You should also buy and store gold, “the only financial asset that’s not simultaneously someone else’s liability.” Casey’s suggestions include going short bubbles that are about to burst (like Japanese bonds denominated in yen), selling expensive assets like collectible cars and expensive real estate in major cities, as well as looking toward places like Africa as contrarian investment opportunities. Nick Giambruno, senior editor of International Man, agrees that internationalizing your wealth—and yourself—is the most prudent way to go for today’s high-net-worth investors. It ensures that “no single government can control your destiny,” and that you put your money, business, and yourself where they are treated best. You should internationalize each of these six aspects of your life, says Giambruno: our assets; your citizenship; your income/business; your legal residency; your lifestyle residency; and your digital presence. Regarding your assets, you can find better capitalized, more liquid banks abroad, and using international brokerage accounts can provide you access to new investment markets. To hear all of Nick Giambruno’s detailed tips on how to go global, as well as every single presentation of the Summit, order your 26+-hour Summit Audio Collection now. It’s available in CD and/or MP3 format. Learn more here.
Gold stocks just had their best day since the financial crisis… On Friday, the VanEck Vectors Gold Miners ETF (GDX), which holds some of the world’s largest gold miners, surged 11.2%. It was its best day since October 2008. As you may know, gold miners are leveraged to the price of gold. A small jump in gold can cause gold stocks to soar. On Friday, the price of gold spiked 2.8%, which sparked the rally in gold stocks. Today, we’ll look at what caused this big jump… As you’ll see, it’s the latest sign that the U.S. economy may be headed for a recession… And it’s yet another reason you absolutely need to dedicate a portion of your portfolio to gold and gold stocks right now… • Last month, the economy added its fewest amount of new jobs in six years… According to the U.S. Labor Department, the economy created just 38,000 jobs in May—the fewest in one month over the past six years. According to Bloomberg Markets, economists expected 160,000 new jobs. Gold and gold stocks spiked on the news. The U.S. dollar fell 1.7%. And the S&P 500 closed Friday down 0.29%. • Jobs are getting more scarce… Bloomberg Markets reported on Friday: The report showed a broad hiring slowdown, including declines in payrolls in construction, manufacturing and mining. Job growth at private service producers slowed, with employment climbing by just 61,000… Friday’s report showed employment in the information sector dropped by 34,000. Millions of Americans have picked up part-time jobs to make ends meet. Bloomberg Markets added: Americans who are working part-time though would rather have a full-time position, or the measure known as part-time for economic reasons, climbed to 6.4 million in May, the highest since August, from 6 million a month earlier. And underneath the surface, other indicators are suggesting the economy is in bad shape… • The number of folks employed by “temp” agencies fell by 21,000 last month… Temp agencies place workers into temporary job assignments, such as seasonal work. Temp agencies are often the first to hire workers when the economy is growing. When the economy slows, they’re often the first companies to lay off workers. That’s why a surge in temp layoffs can be an early sign that the economy is struggling. • Temp agencies have laid off more workers than they’ve hired in four of the past five months… Today, the industry employs 64,000 fewer workers than it did at the start of the year. David Rosenberg, chief economist at wealth management firm Gluskin Sheff + Associates, warned that this is a major problem. He wrote in Business Insider: [T]his type of weakness over such a stretch, again not to sound like an alarmist, occurred just prior to economic recessions in the past, without exception and with no “head fakes”. Yes, it typically is not good news when the headhunters are the ones to start chopping off heads — this is a leading indicator. So I may not want to sound alarmist, but the answer is yes … I am worried. He continued: I don’t want to alarm anyone but the facts are the facts, and the fact here is simply that this is precisely the sort of rundown we saw in November 1969, May 1974, December 1979, October 1989, November 2000 and May 2007. Each one of these periods presaged a recession just a few months later — the average being five months. If you’ve been reading the Dispatch, you know the U.S. economy is barely limping along. The current “recovery” is the slowest since World War II. And it’s not just the U.S… Other major economies are in rough shape too. China, the world’s second-biggest economy, is growing at its slowest pace since 1990. Japan’s economy, the third biggest, hasn’t grown in two decades. • But perhaps the most concerning number comes from South Korea—the “canary in the coal mine” for the global economy… South Korea is one of the first countries in the world to report export data. And with more than 40% of its exports going to the U.S., China, and Japan, a significant drop in South Korean exports is often an early warning sign of trouble in the global economy. South Korean exports fell 6.0% in May. It was the 17th consecutive month in which exports have dropped. The sharp decline follows an 11.2% drop in April. You’ll Be SHOCKED if You Haven’t Seen This… If you haven’t seen this raw footage yet, we’re not sure why. In fact, we’d be shocked if you haven’t at least heard about it. That said, it is simply too important for you to miss. So just to be 100% sure you have a chance to see it… Please click here to view it now. • Over the last few months, we’ve covered lots of reasons why you should invest very cautiously right now… Corporate profits are tanking. The S&P 500 hasn’t set a new high in over a year. Some of America’s most iconic businesses are closing stores and laying off workers by the thousands. We’ve also been urging you to maintain a “defensive” portfolio—one that can withstand an economic shock like a stock market crash. That’s why E.B. Tucker, editor of The Casey Report, has been encouraging readers to own a significant amount of physical gold. Gold is one of the only assets that can do well during a financial crisis or recession. And as we often point out, gold is real money. It’s held its value for centuries because it has a unique set of qualities: It’s easily divisible, easy to transport, and durable. No matter where you go in the world, folks recognize its value. Gold is up 18% already this year. And as we’ve mentioned, it’s set to soar much higher in the months ahead. • For a limited time, Casey readers can get in on the cheapest way to buy gold coins we’ve ever found… Last month, E.B. worked out an exclusive deal with Gainesville Coins, one of the largest U.S. coin dealers. The company offers exceptional service and some of the industry’s lowest premiums…especially if you’re a Casey Research reader. If you’ve bought a gold coin, you know the “premium” is the fee gold sellers charge above the market price. Premiums vary from one gold dealer to another. The lower the premium, the better the deal. Now, for a limited time, you have an opportunity to purchase these coins at a HUGE discount to what other major brokers charge—including a one-ounce South African Gold Krugerrand for just $20 over the “spot” price of gold. Click here to see the full selection of special prices. Again, this offer is only for Casey readers, so make sure to take advantage while you still can. (Keep in mind, Gainesville Coins is not paying us a commission to recommend them. Instead of collecting a commission, we asked Gainesville to give Casey readers a special discount on gold coins.) • To increase your profits from investing in gold, consider buying gold stocks… E.B. expects gold to go much higher in the coming years. To profit from higher gold prices, he recommended two gold stocks earlier this year. One is up 47% since March. The other is up 34% since April. Those are huge gains for such short periods of time. And if gold continues to move higher as E.B. expects, these stocks should soar much higher. The average gold stock gained 602% during the 2000–2003 bull market. The best ones soared 1,000% or more. You should know that gold stocks aren’t for everyone. They’re incredibly volatile. As we saw on Friday, it’s common for gold stocks to move 10% or more in a day. But if you’re OK with taking on some extra risk, owning gold stocks is a great way to potentially earn big 2x or 3x profits in a short period of time. You can learn E.B.’s two favorite gold stocks by taking a risk-free trial to The Casey Report. By clicking this link, you’ll also get a chance to watch a short, free video where E.B. explains a huge threat looming in the American economy…and what you can do (in addition to buying gold) to protect your money. Watch it here. Chart of the Day U.S. companies are hiring at the slowest rate in years… Today’s chart shows how many jobs were created each month since February. As you can see, the number of new jobs has plummeted by around 200,000. This is not a sign of a healthy economy. If you don’t own gold yet, we recommend you buy some today. Another ugly jobs report could cause the price of gold to skyrocket. Regards, Justin Spittler Delray Beach, Florida June 6, 2016 We want to hear from you. If you have a question or comment, please send it to firstname.lastname@example.org. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. Man Responsible for Video Warning Americans Returns to DC for Interview After his video detailing the truth about the Obama economy went nearly viral last year, this Maryland father of six was asked to come to DC to talk about it. But what he said changes everything… – — Recommended Links
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. A whistleblowing former employee alleges Walmart issued misleading e-commerce data in its race to catch up with retail rival Amazon.com, and then fired him in retaliation when he refused to stop complaining about the practice. ©2018 USA Today Distributed by Tribune Content Agency, LLC. Tri Huynh, a former Walmart director of business development, charged in a federal lawsuit filed Thursday that the company used questionable practices to “paint an overly-optimistic picture” of its e-commerce results as it vies with Amazon for the title of world’s largest retailer.Huynh said corporate superiors brushed off his complaints. After he instead sent his allegations to top Walmart executives in January 2017, the company fired him, Huynh alleged.”Walmart sacrificed and betrayed its founder’s key principles of integrity and honesty, pushing those core values aside in its rush to win the e-commerce war at all costs,” Huynh charged in the whistleblower lawsuit filed in San Francisco. “In doing this, it realized it must silence any whistleblower who spoke up against its ‘win at all costs’ approach to e-commerce growth.”Walmart said Huynh’s allegations lack merit.”This litigation is based on allegations by a disgruntled former associate, who was let go as part of an overall restructuring,” spokesman Greg Hitt said in a corporate statement. “We take allegations like this seriously and looked into them when they were brought to our attention. The investigation found nothing to suggest that the company acted improperly. We intend to vigorously defend the company against these claims.”Walmart shares closed down fractionally at $87.51 in Thursday trading.The charges come amid Walmart’s efforts to beef up its e-commerce business, an area in which Amazon historically held a substantial edge. The company has increased e-commerce spending, including roughly $3 billion for its 2016 acquisition of startup Jet.com.Walmart reported a 23% increase in e-commerce growth during the quarter that included the 2017 holiday season. However, the result fell below the previous quarter and also lagged behind the growth reported by Amazon.”We’ve been focusing on building an e-commerce business, that’s still underway, obviously,” said Walmart CEO and President Douglas McMillon during a February conference call with Wall Street analysts in February.Huynh, a former Amazon employee, charged that Walmart’s income from online sales has been misleadingly boosted by questionable practices.The company’s global marketplace platform regularly classified some e-sales by third-party sellers in a category that improperly resulted in “excessive commission fees” for the vendors, the whistleblower lawsuit alleged.Additionally, Walmart classified some returns from e-commerce customers improperly, a problem that skewed the company’s online financial results, the lawsuit charged.Huynh said the previously-glowing job reviews he’d received at Walmart turned to corporate complaints as he continually flagged his e-commerce concerns. Ultimately, he alleged he was fired days after he sent his concerns to Walmart e-commerce CEO Marc Lore and Michael Bender the company’s chief operating officer for e-commerce.Huynh’s lawsuit seeks damages for lost wages and other economic losses, along with emotional distress. Walmart to launch new online home shopping experience Citation: Whistleblower charges Walmart misled on e-commerce data in catch-up race with Amazon (2018, March 16) retrieved 18 July 2019 from https://phys.org/news/2018-03-whistleblower-walmart-misled-e-commerce-catch-up.html Explore further