The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Monthly Archives: June 2017
Festival brings taste of the Caribbean to Pembroke Pines – Sun … – Sun Sentinel
Posted: June 27, 2017 at 7:35 am
A Caribbean festival brought a taste of the islands to Pembroke Pines on Saturday.
The event part of Caribbean American Heritage month at the Pembroke Pines City Center had music, free food samples and several vendors, as well as family activities.
It attracted people looking to learn or celebrate Caribbean American culture for a $10 entry fee.
Samantha Wang said she enjoyed the Caribbean music, which could be heard throughout the festival from the small stage adorned with flags of the Caribbean islands.
I came out here today to learn about Caribbean culture, she said. The 36-year-old drove from Hallandale Beach to experience the music, flavors and atmosphere of the Caribbean, she said. The food here is really good I got this huge plate of fish for like $10.
She sat beside Odetta Grey, a 41-year-old living in Sunrise but originally from Guyana, on one of the courtyards few benches, though the two had never met. The colors of Greys outfit matched the red, green and yellow of the flag.
Barbara Lue and Jean Senior came prepared for the festival with folding chairs. They sat on the edge of the courtyard, swaying to the music.
We go to these festivals all the time, to celebrate our culture and listen to the music, Lue, 57, said.
Lue lives in Hollywood and Senior, also 57, lives in Miami Gardens. Their Jamaican heritage unites them, Lue said.
Inside the City Center building, vendors sold handbags, jewelry and crafts. Some offered complimentary tea tasting or a sample of rambutan, a tropical spiny red fruit.
Outside, food trucks lined the perimeter, and children played in a bounce house, had their faces painted or ran around the festival with balloon swords and animals.
Brooke Baitinger: bbaitinger@sun-sentinel.com, 561-243-6648 or Twitter: @BaitingerBrooke
See the article here:
Festival brings taste of the Caribbean to Pembroke Pines - Sun ... - Sun Sentinel
Posted in Caribbean
Comments Off on Festival brings taste of the Caribbean to Pembroke Pines – Sun … – Sun Sentinel
Royal Caribbean announces 2018 President’s Cruise sailing – Royal Caribbean Blog (blog)
Posted: at 7:35 am
Cruise Radio (blog) | Royal Caribbean announces 2018 President's Cruise sailing Royal Caribbean Blog (blog) The President's Cruise is centered around celebrating its most loyal customers, who get the chance to cruise with Royal Caribbean CEO Michael Bayley, as well as attend special events just for them. Guests can still book the 2017 President's Cruise ... Royal Caribbean Rolls Out Non-Refundable Deposit Program Royal Caribbean Cruises Ltd (RCL)'s Wedge Up Chart Pattern Points to Lower Stock Risks Caribbean Utilities Company, Ltd. (OTCPK:CUPU.F): Is The Stock Undervalued? |
See original here:
Royal Caribbean announces 2018 President's Cruise sailing - Royal Caribbean Blog (blog)
Posted in Caribbean
Comments Off on Royal Caribbean announces 2018 President’s Cruise sailing – Royal Caribbean Blog (blog)
Tourist Shot in the Caribbean Flown to Fort Lauderdale Hospital – NBC 6 South Florida
Posted: at 7:35 am
An American tourist who was shot during an armed robbery while vacationing in Turks and Caicos was recovering at a Fort Lauderdale Hospital Monday.
Family members said Kevin Newman was on vacation with his wife and son when he was shot early Friday. The Alabama man underwent surgery before he was flown to the U.S. and admitted to Broward Health Medical Center, where he remained in serious condition.
In a Facebook post early Monday, wife Tiffany Newman said her husband was off a ventilator and was able to communicate.
"He was very emotional and tearful. He seems to have a VERY clear memory of what happened to him and I can only imagine the terror of this ordeal," she wrote.
Royal Turks and Caicos Islands Police officials said officers responded to the shooting around 1:43 a.m. Friday in the Grace Bay area of Providenciales. Police said Newman was shot in the abdominal area.
"It caused damage to his liver, but the main issue was that it hit his inferior vena cava and right kidney vein. He lost a very large amount of blood so he received lots of transfusions," Tiffany Newman said in a statement.
Newman underwent surgery and had been in a medically-induced coma at the islands' Cheshire Hall Medical Center before he was flown to South Florida, according to a GoFundMe posting.
Police said no arrests have been made in the shooting, which remains under investigation.
Officials with the Turks and Caicos Ministry of Tourism released a statement about the shooting Monday.
"We are shocked and saddened regarding the incident that occurred on one of our islands, in the early morning of June 23, involving a visitor to the destination. He and his family continue to be in our thoughts and prayers while doctors continue to monitor his recovery," the statement read. "A criminal act, whether against a resident or visitor, is never something taken lightly and there is a heightened and concentrated effort to identify the individual(s) responsible. The Turks and Caicos Islands are a popular and peaceful destination known for its pristine beaches and relaxed atmosphere and this type of occurrence sends a ripple through the entire community. The safety of all those on these islands is always our top priority and remains as such. The Ministry of Tourism is in complete cooperation with our acting police commissioner who has increased visible security."
Officials said a member of the tourist board stayed by Tiffany Newman's side until her husband was flown to the U.S. and that they remain in constant contact with the family. They also made travel arrangements for Newman's son, Gavin, to return to the U.S.
"Words can't begin to express how thankful we are to each and every person that has given anything to our family. This has been so traumatic, but it has also been so comforting knowing we have so much love, support, and prayers for us," Tiffany Newman said in the statement.
Published at 1:29 PM EDT on Jun 26, 2017 | Updated at 9:00 PM EDT on Jun 26, 2017
See more here:
Tourist Shot in the Caribbean Flown to Fort Lauderdale Hospital - NBC 6 South Florida
Posted in Caribbean
Comments Off on Tourist Shot in the Caribbean Flown to Fort Lauderdale Hospital – NBC 6 South Florida
Table Tennis Making History In The Bahamas – Bahamas Tribune
Posted: at 7:35 am
The International Table Tennis Federation hosted a press conference Friday to introduce future plans for the table sport. Pictured (l-r) are Adrain Rolins, Keith Saunder, Shameka Fernander, Geoffrey McPhee, Richard McAfee, Wellington Miller and Carl
By RENALDO DORSETT
Tribune Sports Reporter
THE Bahamas and the sport of table tennis itself made history.
The Bahamas Table Tennis Federation became one of the final four countries in the world to join the International Table Tennis Federation. With the additions of the Bahamas, Cape Verde, Eritrea and Guinea Bissau, the ITTF became the only sport in the world to have every country as a member federation. Global membership of the organisation now stands at 226 countries.
The ITTF international course conductor, Richard McAfee, officially represented the international governing body at a press conference to announce the partnership. ITTF is very proud to be the first international federation on earth to have every country in the world as a member. The Bahamas was one of the last four to come in and in honour of that the ITTF has launched a developmental project, which will last about a year in the country, he said. They have already sent in an equipment package, we will be hiring a local developmental officer and hopefully we will get table tennis back to the glory days you have had here before, but this time it is going to be interconnected to the ITTF and programmes around the world. Hopefully we will be able to raise it to a new height and support it in a lot of different ways.
The goal of the BTTF is to encourage, promote and control the sport of table tennis throughout the country.
To that end, the Bahamas hosted a two-day club coaching course, taught by McAfee at the home of table tennis, the YWCA on Dolphin Drive.
BTTF secretary Shameka Fernander said the organisation seeks to educate the public on the sport.
We want to give special thanks to the Bahamas Olympic Committee for assisting us in this process. Table tennis has been around in the Bahamas for a very long time and The Nassau Table Tennis Club has been playing for over 40 years. Our home is at the YWCA on Dolphin Drive and a lot of people dont know about it, but we want to increase the amount of players, clubs, she said.
One of our first projects is to integrate table tennis into the schools so we are hosting a course with the Ministry of Education teachers and we are very excited to have that.
Table tennis was once one of the leading sports in The Bahamas, and the sport is a part of the curriculum in schools. The BTTF has taken part and won numerous awards from prestigious tournaments around the region, and on the international circuit.
Said BTTF president Geoffrey McPhee: We hope the country can pick up the enthusiasm we have for the sport and we now have to share it with a younger generation. We want the younger kids to know there is an even greater sport they can participate in so we can grow this sport to the level of others in the country.
Bahamas Olympic Committee president Wellington Miller said it was a step in the right direction to have another sport join the Olympic movement.
This discussion started last year in Rio. We sat down and went through it. We figured that if it was properly organised, everyone will be able to benefit from it. We look forward to the day when table tennis can benefit and be on our national teams, he said.
Read the original here:
Table Tennis Making History In The Bahamas - Bahamas Tribune
Posted in Bahamas
Comments Off on Table Tennis Making History In The Bahamas – Bahamas Tribune
Jennifer Garner, Ben Affleck spend time together in Bahamas – Blasting News
Posted: at 7:35 am
#Ben Affleck and #Jennifer Garner have been divorced for weeks. However, the ex-couple continues to spend time with each other even if they are not together anymore.
A few years ago, Jennifer Garner and Ben Affleck announced that they were getting divorced. However, the ex couple's divorce filing took them almost two years to actually file. Still, the "Pearl Harbor" actors continue to spend time together with their kids as a family.
According to a recent report by The Inquisitr, Ben Affleck and Jennifer Garner are believed to be in the Bahamas for a vacation together with their children, Seraphina, Samuel and Violet.
Their family is reportedly in Baker's Bay, which is a private resort near the Abacos area where the ex-couple also owns a house.
The publication unveiled that Garner, Affleck and the kids strive to visit the Bahamas every year. Even if they are already divorced, the ex-couple still plan to continue visiting the place and their home as a family.
An insider even told X17 that Garner and Affleck are trying to make their children feel that they are still a normal family. As per an insider, the exes are staying in different bedrooms, but their treatment to each other has not changed at all.
The publication even claimed that Garner and Affleck want their children to feel that their family is still complete. They have decided to take their children for a trip because they are out of school for vacation.
The family reportedly loves staying on the beach and have family meals together.
As for their three kids, reports claimed that they are still adjusting to the effects of the ex couple's divorce. The children are still trying to get used to living without their dad at home. Affleck already moved out of their Pacific Palisades house after their divorce filing.
Meanwhile, Affleck is reportedly doing well as he lives alone in his new home. Fortunately, the "Miracles from Heaven" actress visits the "Batman V. Superman: Dawn of Justice" with their kids from time to time. The publication revealed that the girls even chose the home decors for their rooms in his home.
Reports revealed that Jennifer Garner and Ben Affleck are doing their best to be the best parents to their kids, Samuel, Seraphina and Violet. #jennifer garner and ben affleck latest news
Go here to read the rest:
Jennifer Garner, Ben Affleck spend time together in Bahamas - Blasting News
Posted in Bahamas
Comments Off on Jennifer Garner, Ben Affleck spend time together in Bahamas – Blasting News
Like an Offshore Drive-In: D’Backs 6, Phillies 1 – The Good Phight
Posted: at 7:34 am
Welcome home from work! Go play with your kids or talk to a neighbor or just frolic in the sunshine! Thats what I imagine the Phillies were collectively telling us with this game. You probably couldnt watch the beginning and by the time you could watch there wasnt a point.
This game was over early. I could tell because in the third inning John Kruk suggested that Daniel Descalso run from first on a 3-2 count just to work on things. You know, because the Phillies are a summer-long spring training squad. The score at that point was 5-0. By the end of the inning it would be 6-0 and the Phillies starting pitcher, Nick Pivetta, would be done for the afternoon.
Pivetta lasted just 8 outs, walking 5, K-ing 3, and allowing 7 hits, i.e., almost as many as outs. It was a terrible start for a young pitcher riding a small wave of success. In his previous two outings hed blanked the Red Sox for 7 innings and dominated the Cardinals to a tune of 10 Ks to 1 BB. In those games, he threw his fastball for strikes and kept hitters off-balance with a slider, curveball, changeup mix. By way of contrast, today Pivetta could not control, let alone command, his fastball, and his secondary pitches became ineffective as a result. The problem announced itself from the first batter. Pivetta worked ahead of Chris Hermann 0-2 with fastballs in the zone but not particularly well located. Hermann wasted a few fastballs and took others to get back even in the count. Pivetta couldnt put him away. Then, on the last pitch, Pivetta grooved a fastball a little above the knees and right down the middle. Hermann slashed it into the right-center pool where some Phillies fans were partying. (They dutifully threw the ball back.) Pivetta bounced back in that first inning, fanning two. But the signs of his unravelling were already present. For the next inning and a third it would be a struggle for him just to keep his fastball in the zone, let alone keep it off of barrels. If not for a double play following three consecutive walks in the second, Pivetta probably wouldnt have made it into the third inning at all.
The suspense of the game was neutered early, but thats not to say the Phillies didnt have a chance to make it interesting. Diamondbacks starter, Zack Greinke, did not have his command to start the contest either. Daniel Nava led off the game with single. Freddy Galvis followed that with an at-bat where he saw exactly 2 of 7 pitches in the zone. Unfortunately, Galvis swung at all but 2 of those pitches. He did manage to crush the last one to centerfield, but Rey Fuentes cruised underneath it. Aaron Altherr would then single to keep the pressure on Greinke. But in the end, Greinke channelled his inner Monica Seles and grunted his way out of the inning. (Literally, he was grunting on every pitch. Ive never noticed him doing this before.)
That inning was particularly frustrating because two of the outs came in at-bats that should have been walks. Ive already mentioned Galviss at-bat. The other was Odubel Herreras. Herrera got ahead 3-1 by taking close pitches. But once the count went 3-2 Herrera swung at everything, close or not. Surprisingly, Herrera made contact with a lot of those pitches and made Greinke work. But eventually Greinke caught on, bounced a slider in front of the plate, and watched Herrera wave at it vainly. Herrera has had a stellar June thanks to an outrageous (but mostly earned) BABIP. If he wants to avoid these swings from abyss to peak, he needs to turn those kinds of at-bats into walks. Despite how well hes hit this month, hes still barely walking.
After the third inning, where Pivetta finally fell apart, the game turned on the autopilot. Greinke cruised until the fifth, where his struggles returned, he surrendered a run, and ended his outing short. Daniel Nava, who had a good game, drove in that run. Hoby Milner and Ricardo Pinto both got their second chances to make an impression in the bigs and fared better than in their first. But for the most part it was just professional baseball played by professionals and indistinguishable from the myriad of other games this afternoon. (Whats that? There was only one other game this afternoon because afternoon games on Mondays are like drive-in movie showings on an off-shore oil rig? Oh. Well, maybe thats for the best.)
The Phillies move on from Arizona and head to Washington to face the Mariners. Everyone say, Hi, Chooch!
Read the original:
Like an Offshore Drive-In: D'Backs 6, Phillies 1 - The Good Phight
Posted in Offshore
Comments Off on Like an Offshore Drive-In: D’Backs 6, Phillies 1 – The Good Phight
GeoSea secures offshore wind installation work – Splash 247
Posted: at 7:34 am
June 27th, 2017 Jason Jiang Europe, Offshore 0 comments
DEME Groups offshore marine engineering subsidiary GeoSea has received a notice to proceed from Siemens for fabrication and offshore installation of 16 wind turbine foundations and one offshore transformer module for the EnBW Albatros offshore wind farm.
The project will cover an area of around 11 sq km and will feature 16 turbines with a total installed capacity of 112 megawatts.
Fabrication of the foundations is expected in 2017 and 2018 whilst offshore installation will take place in 2018 together with the offshore installation of the EnBW Hohe See offshore wind farm.
We see the award of the Albatros project as a recognition by our Clients of our continuous strive for efficiency and synergies in the execution of projects. Our presence in Germany also strengthens our relationships with all our German partners and as offshore foundation specialist we are proud to support Siemens in the entry to the German offshore wind market with the Siemens Offshore Transformer Module (OTM). The Albatros contract gives continuity to our project portfolio in Germany and will be handled by our local project team of experts from our regional offices in Bremen, said Christopher Iwens, general manager of DEMEs German subsidiaries.
Jason Jiang
Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jasons access to the biggest shippers with business in China has proved an invaluable source of exclusives.
Read the original here:
Posted in Offshore
Comments Off on GeoSea secures offshore wind installation work – Splash 247
President Trump’s offshore executive order is an important first step – TribTalk
Posted: at 7:34 am
The Obama administration is gone, but many of its last-minute regulatory changes remain. Rushed through and foisted on a public preoccupied with selecting their future leader, it is entirely appropriate that the Trump administration recently announced important regulatory reviews of these changes as part of its Implementing an America-First Offshore Energy Strategy executive order.
Among the most important regulations the executive order will review is an obscure Notice to Lessees from the Bureau of Ocean Energy Management (BOEM). An under-the-radar move, it raised the financial assurance requirements on energy companies operating in the Gulf of Mexico. Should it stand, this innocuous-sounding policy measure will sweep the legs out from under independent drilling operators. That would be disastrous for a Texas economy already fighting significant headwinds.
Talk about a direct affront. Texas pulled the U.S. economy out of the Great Recession, adding one of every seven new American jobs between 2010 and 2014. But Obamas harsh anti-petroleum mindset led his administration to kick this gift horse hard, with executive and agency actions entirely adverse to pro-growth policies our communities need right now. The Lone Star State is feeling the damage. Since 2014, Texas has lost over 90,000 oil, gas, and mining jobs.
Its no wonder so many Texans rallied around Donald Trump. As a candidate, Trump recognized that oil and gas is overregulated and as president, he has shown his intention to put America back to work. He realizes this will require a strong energy industry. Rolling back the BOEM notice offers an early opportunity to remove the yoke from oil and gas companies and to bolster our nations growth.
Applied properly, financial assurance is a common-sense requirement. To qualify for a lease, energy companies currently must put up bonds or other collateral to ensure there will be funds to decommission a well once the oil and gas have been extracted. This ensures that bankruptcy or malfeasance cant endanger the environment or force taxpayers to foot the bill to plug a well.
The previous financial assurance guidelines were highly effective for decades, even as the industry stared down falling prices and some failed enterprises. Nonetheless, the BOEM made the unilateral decision to require larger bonds or more capital set-asides without a clear rationale.
There are several problems with this. First, higher financial assurance requirements siphon off funds that could be spent on energy exploration, job creation and investment in environmental safety, including well decommissioning itself.
More concerning is the fact that most small operators will be simply unable to comply. Unlike large multinationals, independent energy companies generally lack sufficient capital assets for collateral, so they depend on bonds. But experts suggest the bond market cannot absorb the exponential increase in demand stemming from the BOEMs guidelines.
If ending the day of independent oil and gas operations is the intention, there are few more effective ways to achieve it. Without access to bonds, independent companies cannot get or keep leases to drill. Without leases, they cannot stay in business and their employees will be pounding the pavement looking for jobs.
A study by Opportune LLC outlines the national impacts: production falling by the equivalent of 367 million barrels of oil, a $10 billion hit to GDP, and 85,000 fewer jobs. Thats too high a price to pay. Given the role of Gulf energy in our economy, Texas will bear a disproportionate share of the pain.
There is an alternative. President Trump and Congress are poised to take action to reverse the crippling changes to financial assurance guidelines and the myriad of other rushed anti-oil and gas administrative actions forced in the 11thhour by the departing Obama administration. Domestic energy production is central to the economy, to job creation and national security. All were cited as top priorities for a Trump administration, so we are pleased these new leaders in Washington feel the urgency of action.
Originally posted here:
President Trump's offshore executive order is an important first step - TribTalk
Posted in Offshore
Comments Off on President Trump’s offshore executive order is an important first step – TribTalk
Come See the Value Opportunities I Saw on the High Seas – TheStreet.com
Posted: at 7:34 am
I was out of pocket last week, sailing the high seas aboard a cruise ship bound for Bermuda, and my plan was to try and ignore all things investment-related. We all need a break from this crazy world of the markets from time to time, and I was doing pretty well, at least for a while. However, it is difficult to suppress that side of my brain for long, and I was caught several times checking out the happenings on my iPad.
While it does not look like I missed all that much last week, at least in the ever-narrowing world of value, there were plenty of investment-related observations to be made aboard our ship. First, the cruise industry seems like a cash machine. We were on a Norwegian Cruise Line Holdings Ltd. (NCLH) ship, and they seem to have it all figured out, especially how to compel passengers to part ways with their money. As my son observed, putting the casino in the middle of everything, out in the open with no doors -- you had to walk through it to get anywhere -- is a brilliant way to draw moths to the lights. For its efforts, NCLH boasts low-teen net profit margins. Yet those of Royal Caribbean Cruises Ltd. (RCL) and Carnival Corp. (CCL) are even higher, in the mid to high-teens.
Meanwhile, I also noticed a lot of step-counting going on as Fitbit Inc. (FIT) devices were plentiful, even among the 20-plus family members with whom we were traveling. FIT remains unpopular with investors, and seemingly with good reason. Its brief run as a cult stock has ended badly as revenue and guidance fell off of a cliff, leaving shares down 90% over the past two years. Nearly all the luster is gone, and along with it, so are expectations. It's the type of situation where most have given up, driving the stock price into the ground, that can be compelling.
Some would call it a falling knife, but Fitbit does have a long runway, with $726 million, or $3.21 in cash and short-term investments, and no debt. With so little expected, any good news -- a new product that re-engages consumers or some better-than-expected numbers -- may put some wind back into Fitbit's sails. FIT may turn out to be a great representation of the oscillation between greed and fear that plagues many of us as investors. Clearly, the stock was not worth $50 a share (greed), but at just over $5 a share (fear), you have to wonder. This one is not for the faint of heart, and I am under water so far on this trade, although I kept the initial position small, with the idea of adding opportunistically (or stupidly).
Fogo de Chao Inc. (FOGO) was also on my mind as my wife and I had dinner one night on the Norwegian Breakaway's version of a Brazilian steakhouse, our first visit. That was quite an experience, and not one to undertake if you are not overly hungry. While I've written endlessly about not being a big fan of the restaurant sector these days in light of potential headwinds and stretched valuations, Fogo de Chao is one of the few I have on my radar. At about 14 times 2018 consensus estimates and with profit margins in the high single digits, it is one of the cheaper names out there.
Follow this link:
Come See the Value Opportunities I Saw on the High Seas - TheStreet.com
Posted in High Seas
Comments Off on Come See the Value Opportunities I Saw on the High Seas – TheStreet.com
Trouble on the High Seas – Raddington Report (blog)
Posted: at 7:34 am
A report out this month from global piracy watchdog Oceans Beyond Piracy (OBP) paints a mixed picture of crime on the high seas off Asian coastlines, long the piracy capital of the world. Although piracy remains an under-reported crime globally, reliable statistics on it have been collected by the International Maritime Bureau since 1993. Since then, nearly 60 percent of global pirate attacks have occurred in Asian waters.
Asias seas retained the dubious honor of being the worlds most dangerous in 2016, with South-East Asia posing a particular challenge for regional law enforcement agencies. Two-thirds of pirate attacks in Asia were concentrated in the South-East, with Indonesia alone accounting for 23 percent of world piracy (1993-2015) according to a recent report from the Global Initiative against Transnational Organized Crime (GITOC). Nevertheless, during 2016 the number of recorded incidents of armed robbery and piracy at sea fell from 199 to 129, a fall of 35%. Meanwhile ,attacks in the second worst affected region, West Africa, rose steeply, nearly doubling from 54 incidents in 2015 to 95 in 2016.
Since the end of the Cold War, South-East Asian piracy has been a particular problem along the narrow, 800km long Straits of Malacca and the Singaporean coast; this global shipping superhighway sees more than 120,000 ships each year moving slowly along predictable shipping routes and unsurprisingly traffic there has long been targeted by hijackers, thieves and pirates. Asias littoral states have taken steps to crack down on criminal activity within their waters in recent years, with OBP suggesting that traffic transiting the Straits of Malacca and Singapore was now a lower risk following a fall in hijackings for cargo theft from 12 incidents in 2015 to just three in 2016.
Greater coordination between regional states has clearly had some impact. However, robbery and armed robbery continued to be the most common type of crime committed against merchant shipping in Asia. Meanwhile, a surge in kidnappings in the Sulu and Celebes Seas has led to a spike in violence in both those regions and caused great alarm among shipping circles. Perpetrators often moved their victims to land shortly afterward, where mistreatment and abuse were commonly reported after captives were released. OBP reported some captives were also used as slave labour by their kidnappers, who have executed several of their victims in 2016 and 2017.
In fact, there is a lot of overlap in the region between actors engaged in hijacking, armed robbery or kidnapping and groups involved in other criminal behaviours such as smuggling and terrorism. The GITOC reported that criminal syndicates involved in hijacking ships for cargo in the Straits of Malacca and Singapore had switched to smuggling because falling commodity prices made hijacking thefts less attractive in 2015-16. Meanwhile the surge in kidnapping for ransom in the Sulu and Celebes Seas was driven by the notorious Abu Sayyaf group, a fractious Filipino terrorist network with links to jihadist groups in the Middle East and East Asia. The group is supposedly fighting to establish an independent Islamic state in the southern Philippines but has alarmed Indonesia and Malaysia by disrupting trade routes with a string of hijackings at sea. Abu Sayyaf also blew up a ferry in Manila Bay during a 2004 bombing that killed 116 people.
Asias seas retained the dubious honor of being the worlds most dangerous in 2016, with South-East Asia posing a particular challenge for regional law enforcement agencies
The GITOC argues that the involvement of pirates in other types of crime is why any counter-piracy efforts at the multi-national level in the region must also include tackling other transnational maritime crimes. Other observers would add maritime terrorism and terrorist insurgencies on land are also fuelled by crime on the regions high seas. Islamist militants from several factions which have pledged allegiance to the Islamic State group recently joined together to battle Filipino troops in Marawi City. Their ranks include members of Abu Sayyaf, a leader of whom (Isnilon Hapilon), was named as Islamic States designated leader in the Philippines.
The battle in Marawi City began when troops moved to arrest Hapilon, only to find that in pursuit of his goal to establish a wilayat or Islamic State province, he had joined forces with a coalition of Islamists lead by an ex-criminal faction known as the Maute Group. The members of this group are extremely influential both within insurgency on Mindanao and with other groups of Islamic radicals across the South-East of Asia. A Singapore media outlet even reported that Indonesian terrorist network Jemaah Islamiyah had set up a training centre in the Southern Philippines to train foreign recruits attracted by the Maute Groups struggle, and warned of the threat posed to commercial shipping lines passing through the Philippine-Malaysian waters. But highlighting the porous separation between the Filipino criminal underworld and terrorism, siblings Omar and Abdullah Maute, the founders of the Maute Group, were petty criminals before they became leading extremists.
Partly due to terrorist-fuelled kidnappings, OBP reported that 2016 was much more violent year at sea than 2015, which saw no deaths. By contrast Malaysian security forces killed three perpetrators during a kidnapping incident aboard a fishing vessel in Semporna waters on 8 December 2016. Two other perpetrators and a hostage were left missing after the clash, in which several other kidnapped victims were freed. Meanwhile Abu Sayyaf militants murdered a German woman during a kidnapping attempt in 2016, and in 2017 they executed both her husband and Filipino sea captain seized with his crew last year. The threat posed to trade in the Sulu and Celebes Seas by the Abu Sayyaf group was so great that Indonesia, Malaysia, and the Philippines agreed to launch the Sulu Sea Patrol Initiative (SSPI) last year.
Modelled on the Malacca Strait Sea Patrols Program (MSSP), which is credited for reducing hijackings in that region, the SSPI calls for coordinated air and naval patrols, intelligence sharing and a right of hot pursuit in emergencies. A large number of other countries have expressed an interest in involving themselves with the initiative in some capacity, including the US. Meanwhile, Philippines President Rodrigo Duterte has called on China to aid the effort by sending ships to patrol the waters of his country plagued by pirate attacks on commercial shipping. However when the average cost of stolen goods per attack in Asian waters last year was $4.5 million and when only 23 arrests for pirate activity were made across the whole region, the effort to end piracy in Asias oceans clearly has some way to go.
Read the original:
Posted in High Seas
Comments Off on Trouble on the High Seas – Raddington Report (blog)







