Pinterest Donegal representatives attend Dail protest against water privatisation Google+ Further drop in people receiving PUP in Donegal WhatsApp Facebook Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp By News Highland – March 21, 2013 Twitter Twitter Google+ Gardai continue to investigate Kilmacrennan fire Previous articleDonegal Mediation Network to be officially launched next weekNext articleOmagh Famalies promise to persue 1.6 million damages award News Highland Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR A rally is being held outside the Dáil later – urging the Government not to privatise water services here.SIPTU – which has organised the protest – say they fear the Government could follow in the footsteps of many European countries and privatise our water services.There has been strong opposition to the proposals from some elected representatives in Donegal to plans to switch control of water services from local authorities to ‘Irish Water’ – many see this a precursor to privatisation.The Donegal County Manager has also sought clarity from the government on what the implications of that move are for service provision and staff.SIPTU Local Authority Sector Organiser Michael Wall believes the government is under pressure from the Troika:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/03/08walWATER.mp3[/podcast] Facebook Pinterest News 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic
22 January 2014 Seven-time champion Keri-anne Payne will return to the Midmar Mile for the 12th time on the weekend of 8 and 9 February. She won’t be challenging for the women’s title again, however. This time her visit is all about charity. The South African-born British star, a two-time 10 kilometre open water swimming world champion, will be part of the Eight Mile Club, which raises funds for various charities. She will be swimming for two charities, supporting the Pink Drive’s fight against breast cancer in South Africa and the UK educational charity, Skill Force, which partners with schools, and draws on the skills and experiences of predominantly ex- Forces personnel, to inspire young people to succeed.‘Midmar is part of my history’ “Midmar is part of my history and a race I love doing,” she said of her loyal support of the world’s largest open water swimming event. “Midmar was the competition we used to do as a family when we lived in South Africa, so I have many, many fond memories of the swim and will keep coming back as long as they will keep having me.” While still living in South Africa, Payne won her first Midmar Mile title in the girls’ under-13 category in 2001. It was a win that she still regards as a highlight of her swimming career, but, she said, the Midmar Mile has been the source of many other personal highlights.‘Highlights’ “Every year at Midmar has had highlights for me, whether it was the year that I first came back from moving to the UK, or the year that British Swimming brought out a team to do the race, or the year I got the record for the Mile. “My best Midmar, though, has to be the year I equalled the record for number of wins with Natasha Figge [now Panzera, with six victories]. I will always remember my brother Mark and father Jim talking about her when I was about 12 saying ‘She is amazing. I can’t see anyone beating her record!’ That was the year I decided that I would try my best to do that!” Payne’s hold on the title, which she had held since 2008, was broken last year when Ashley Twichell became the first American to claim the honours. Payne had taken a break after the London Olympics where she narrowly missed out on a medal after finishing in a heart-breaking fourth place and was not in prime form, but she was still good enough for second place.‘A really interesting year’ “It was a really interesting year for me,” she recalled, looking back on 2013. “Midmar 2013 was the starting point last year to step back into the open water racing world and I had decided that I wanted to make it back to World Championship form and compete in Barcelona .” Payne placed 14th, just six-and-a-half seconds behind gold medallist Poliana Okimoto. After competing in Barcelona, it was time to rethink her approach. “After the World Champs I took some time out and decided that I needed a break from the sport and had time to really think about what it is that I want to do. After a lot of thought and discussions with my coach, we decided to put a plan in place to get me in the best form possible for Rio 2016, which has meant that this season – September 2013 to September 2014 – I have taken a year out of elite competitive racing marathon swimming. “So far, this year has involved swimming once a day, more gym work, and working on my step into the ‘media’ world.”An exciting time For Payne, who has dedicated so much of her time to competition, the new year is an exciting time filled with very different goals than those she has held onto in recent times. “2014 is a year for me recuperate the mind and body and do things I have not been able to do for many years,” she explained. “An example was being able head out to San Fransisco and Brazil for ‘fun’ competitions, and I am finally able this year to compete in my first Eight Mile Midmar, which I am very excited about!”
The crowd will likely hail this cover – and those sure to follow soon in more widely distributed publications – as an “all clear” sign to jump back in to stocks if they haven’t already. But you’re probably better off doing the exact opposite: prepare for tough times by reviewing your stock portfolio and cutting loose all but the best companies. At the most basic level, Doug’s observation is a comment on human psychology. I can think of endless knocks on the mainstream media, but one role it competently fills is to reflect the prevailing psychology of the people. The bull on the cover is no exception. When making decisions, humans tend to rely on their experiences in the immediate past. Thus, while trying to decide where to invest money today, the majority peer into the rearview mirror and see nothing but gains in stocks for the four preceding years. Our brains are wired to tell us this is a good thing – that stocks are safe once again and represent an exciting opportunity to jump on a rising wave and make some money. But remember: the bull gracing the cover of The Economist is a reaction to the crowd’s bullish attitude, not a precursor to it. The crowd is mostly bullish already. Such a bullish signal will only serve to draw in the most sluggish and unaware of investors. They’re very last to get in. After their money is drawn in from the sidelines, there’s no one left to buy. Ignore crowd psychology at your own peril. Which brings me to this week’s feature, courtesy of an organization dedicated to studying the effects of crowd psychology on world events. If you’re not familiar with the Elliott Wave Theory (EWT), it’s based upon the idea that changes in crowd psychology are the dominant driver of changes in markets – more so than earnings, margins, or other fundamentals. Further, these psychological swings usually occur in measurable patterns. Thus, by studying crowd psychology, one can predict where markets may go next. There’s a strong contrarian element to EWT’s methods, such as the position that extremes in investor sentiment usually mark stock market inflection points. EWT’s sober take is that when euphoria is running high and everyone is bullish, what’s really happening is that anyone who could potentially invest has already invested, meaning there are no buyers left – only sellers, which marks a true market top. I suspect EWT proponents would judge the above bull cover in much the same way Doug Casey does – as a warning, rather than a celebration. You’ll find that the excerpt begins with a story of how the author, Robert Prechter, used his study of crowd psychology to predict that the global-warming hysteria of a few years ago was way overblown and that it would die down, just as all of the contrived emergencies before it did. I asked to include this section for readers who are unfamiliar with Elliott Wave Theory, as an example that it can apply across all realms of human action, not just financial markets. Following that section, you’ll find a small taste of Elliott Wave International’s forecast for US stocks. If you like what you see, you can download the entire global forecast – which includes big-picture analysis on US, Asian, and European stocks as well as commodities like gold and oil – for free. Enjoy, and see you next week!
— If Doug had bought the hotel in 1979 and sold it six years later, he could have made 150 times his original investment. These are the kinds of returns you can make by investing in crisis markets and only by investing in crisis markets. You don’t have to trek through a civil war battle zone or dodge bullets to find these kinds of colossal returns. I was just recently in Zimbabwe with Doug. And like in 1979, it has huge potential for profit. If you’ve ever seen Zimbabwe in the news, I’m certain it wasn’t positive. If you’ve ever seen Zimbabwe in some sort of international competitiveness rankings, I’m sure it ranked at or near the bottom. There’s good reason for that. The country is in an economic and political crisis. Hyperinflation has totally destroyed the local currency. There’s been some bad press, and rightly so. But there’s a lot more to the story… Zimbabwe is rich in natural resources… gold, platinum, diamonds, and fertile farmland. The geological potential of the country is huge. Zimbabwe has production upside in platinum and other minerals that few can match. The bad press has conveniently (for us) camouflaged the opportunities in Zimbabwe. And that’s part of what makes it so appealing for us as contrarians. Zimbabwe currently has a severe cash shortage. ATMs are running out of money, liquidity has dried up, and there’s panic selling. Plus, Zimbabwe has absolutely dismal public relations. You’ve probably heard only bad things about Zimbabwe, if you’ve heard about it at all. Some of those negative opinions are valid. But having just spent 10 days in the capital city of Harare, I think they’re mostly overblown. Zimbabwe isn’t that different from other places I’ve visited with very poor external images, like Lebanon and Colombia. None of these places is even a fraction as bad as the press would suggest. Another misconception about Zimbabwe is that it’s dangerous and full of crime. While there is a crime problem in neighboring South Africa, Zimbabwe is pretty safe. I never once felt uncomfortable and neither did any of the locals we spoke with. In South Africa, it wouldn’t be uncommon for someone to kill for a cell phone. But not in Zimbabwe. For whatever reason, that’s just not their culture. Zimbabwe has enormous wealth. It has some of the largest platinum, diamond, and gold reserves in the world. It has an educated population, relatively decent roads and other infrastructure, and an abundance of productive farmland. The country should be one of the richest in Africa… not one of the poorest. For Zimbabwe to improve, the government must be less hostile to the country’s crucial industries. That could happen soon. President Robert Mugabe has basically run the show since the country’s independence. But he is 92 years old, and it’s only a matter of time before the country moves on. There’s a real chance for things to get “less bad.” And because things are so dirt-cheap, that could mean huge profits. Doug and I met with the top dogs in the government on our recent trip. It appears that, after hitting rock bottom, they understand they have to make some radical changes. Surprisingly, in our meetings, nearly all of the top officials in the government understood the perils of Keynesian economics. Some even quoted Ludwig von Mises, the godfather of free-market Austrian economics, in their internal memos. Seeing this in a country known for its destructive economic policies felt like stepping into the twilight zone. Nobody knows if the government will actually make the needed changes. But I think there is a plausible chance the country will turn around. And given how cheap some asset prices are right now, the risk-reward ratio is in our favor. This is exactly the kind of contrarian situation I look for in Crisis Investing. It’s an environment where we can find huge bargains. It’s a risky bet. But because the upside is so large, it’s one worth taking. Regards, Nick Giambruno Editor’s note: In April, Nick revealed to his readers two ways to profit from Zimbabwe’s crisis. One of those picks is up 9%. The other has surged 31%. Those are big moves for such a short period. But Nick thinks both could deliver 100%+ gains. You can get in on these investments by signing up for Crisis Investing. But before you do, we want you to try our newest training series. This FREE, four-part workshop tells you everything you need to know about crisis investing. As you’ll see, many of the world’s legendary investors used this same simple approach to make billions. Just remember, both of Nick’s Zimbabwe picks are on the run already. If you want to make money in this crisis market, now is the time to strike. Click here to get started today. Leopard Rock Hotel It was the crisis and fear that generated such a dirt-cheap price. Investor sentiment couldn’t have been worse. In 1979, Zimbabwe was the last place most people wanted to put money into… which made it the best place in the world to go looking for bargains. Happening Now! Historic Free Training Event with Doug Casey… Doug Casey’s forecasts helped investors prepare and profit from: 1) the S&L blowup in the ’80s and ’90s, 2) the 2001 tech stock collapse, 3) the 2008 financial crisis, 4) and now… Doug’s sounding the alarms about a catastrophic event. One he believes could strike America, just months from now. To help you prepare and profit, this week, we’re hosting a free online training event. Click here now to accept your invitation. Editor’s note: This week, we’re focusing on “crisis investing,” a little-known investing strategy that involves buying hated markets for cheap. Casey Research founder Doug Casey used this simple method to make millions. In the following essay, Nick Giambruno, editor of Crisis Investing, talks about the time Doug went to Rhodesia (now Zimbabwe) in 1979 looking for opportunity. At the time, Rhodesia was in the middle of a civil war. Most investors wanted nothing to do with the country, which is exactly why Doug went there. According to Nick, there’s a similar investing opportunity in Zimbabwe right now. Investors who take advantage of this could quickly double their money. We’ll show you how at the end of this essay. If you were in a window seat, you’d pull down the shade to reduce the risk of anti-aircraft fire hitting the plane. At least that’s what flight crews used to tell tourists to do when landing in the African country of Rhodesia (now Zimbabwe). The year was 1979. Rhodesia was in the midst of a civil war. On the ground, it was like a scene out of the movie Mad Max… soldiers, armored vehicles, danger and confusion everywhere. Doug Casey was perhaps the only foreign investor still there. Doug took a bus across the country, trying to avoid the Rhodesian Army and the rebels they were fighting. He kept asking what he should see while he was in the country, and he kept hearing about the Leopard Rock Hotel. So there he went. What he found was a grand castle complex that Italian prisoners (captured by British forces) had helped build during World War II. By 1979, the owners had converted it into a fantastical luxury hotel. It had 12 enormous suites, oversized fireplaces, crystal chandeliers, broad terraces, miles of horseback trails, a nine-hole golf course, 200 acres of garden with vast mountain views, and 50 acres of coffee trees. It was beautiful and huge. It had everything you would want in a luxury resort hotel.