Linkedin NEW YORK (AP) – Walmart says it will no longer sell firearms and ammunition to people younger than 21.The retailer’s new policy comes after Dick’s Sporting Goods announced earlier Wednesday that it would restrict the sale of firearms to those under 21 years old. It didn’t mention ammunition. Walmart says the decision came after a review of its firearm sales policy in light of the mass shooting at a high school in Parkland, Florida.Walmart Inc. stopped selling AR-15 guns, and other semi-automatic weapons in 2015. It doesn’t sell bump stocks, the accessory attached to a semi-automatic gun that makes it easier to fire rounds faster. It also doesn’t sell large-capacity magazines.The retailer says it is also removing items resembling assault-style rifles from its website. National NewsNewsWatchTop Stories Walmart sets age of 21 to buy firearms, ammunition By Tyler BarkerFeb 28, 2018, 21:09 pm 447 0 Tumblr Twitter Google+ Home NewsWatch National News Walmart sets age of 21 to buy firearms, ammunition Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Tyler Barker Tyler Barker is currently the Interim News Director and Digital Content Manager for WOAY-TV. I was promoted to this job in Mid-November. I still will fill in on weather from time to time. Follow me on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email me at firstname.lastname@example.org Mail Facebook Next PostHouse Passes 5-percent Pay Raise for Teachers, Service Personnel and State Police Pinterest Previous PostOak Hill Man Arrested After Thousands in Drugs, Cash Found in His Home
Home NewsWatch Featured Black Knight Country Club Reopening To The Community Twitter This is all due to the Beckley City Council approving the purchase of the local country club Black Knight on Tuesday March 27, 2018 this was after the country club closed its doors in December of 2017. FeaturedLocal NewsNewsWatch Black Knight Country Club Reopening To The Community By Daniella HankeyMar 29, 2018, 09:05 am 684 0 Google+ BECKLEY, WV (WOAY)- One local and loved by the community Country Club is opening back up very soon. As the announcement of the country club re-opening, many events have already been planned at the venue. The reopening of the country club can be a great aspect for tourism and bring more visitors to the Beckley community. Daniella Hankey Pinterest Tumblr Linkedin Mayor Rob Rappold of Beckley, is thinking of ways on how to make the overall experience for visitors better than before. Previous PostWest Virginia airport buys dog to chase birds off runway Mail Facebook Next PostLittle Girl ‘Outfoxes’ Parents In Bedtime Negotiation Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website
In This Issue. * The dollar swings into rally mode. * Only pound sterling & rupees with gains today. * Stevens talks of a low chance of intervention. * Man beats machine! And Now. Today’s A Pfennig For Your Thoughts. The Call Has Been Made.. All Will Obey! Good Day! And a Wonderful Wednesday to you! Another walk-off win this time in the 9th inning last night by my beloved Cardinals! WOW! Again, I’m not awake when this late inning magic happens, but I do get to see it on the replay each day when I get home. What a great way to wake up though! The summer heat has finally shown up here in St. Louis, which in St. Louis means the summer heat brings along the humidity. But, Shoot Rudy! It’s summer, it’s supposed to be this way! Hot town, summer in the city, back of my neck getting dirt and gritty. Today is my darling daughter, Dawn’s, birthday. My little girl. Well, after about 10 days of mixed currencies stuck in the mud with no real movement either way, the dollar is heating up this morning. As I look over the currency screens, it appears that pound sterling and Indian rupees are the only two currencies with gains VS the dollar this morning. The rest, and I mean the rest, are down. Some are down more than others. I have an interesting story to tell you about what happened in New Zealand last night. So, shoot, why don’t we get right to that! Recall yesterday I told you that dairy prices in N.Z. had dropped and that had caused the New Zealand dollar/ kiwi to lose ground VS the dollars of the U.S. and Australia. Well, get this! (this was reported by the Daily Reckoning Australia’s Nick Hubble. Bloomberg apparently released the headline: “Whole Milk Powder Prices Fall 11.5%”. Unfortunately, it turned out that Bloomberg had released last month’s result again instead of the new data! Once this was figured out yesterday, kiwi surged back. Unfortunately, kiwi was not able to hold those gains overnight. The point that Nick Hubble was making in his report was that the computer algorithms designed to read headlines and trade them faster than humans did the damage before humans could correct the problem. “Man over Machine”. You’ve got to love that one! OK. All dressed up with nowhere to go! The first two days of this week, I had kidded about the markets getting all gussied up for the July CPI print. Well, it printed, and didn’t give anyone a reason to party, well, no wait. stocks loved it, and so did bonds. But the stupid CPI rose .1% month on month and 2% year on year. which is down from June’s year on year reading of 2.1% I like to think of this as a “we were told, but didn’t listen type of thing.” You see what I’m talking about here, is simply that in last month’s Fed meeting, Janet Yellen told us that the rise in inflation was merely “noise”. So, were you listening? Basically she told us “don’t worry, be happy” that inflation will not rise. and voila! It didn’t! Now, that’s pretty amazing how that all worked out isn’t it? No reason to raise rates, for there’s no inflation. move along, these are not the droids you’re looking for! So.. Inquiring minds need to know why then is the dollar rallying this morning? Wasn’t the dollar’s previous rally all about how interest rates were going to be rising faster than previously thought here in the U.S.? Well, the answer to that is a big fat YES! So, why in the world is the dollar rallying? Ahhh grasshopper, there it is, right before my eye. Goldman Sachs says it is to be. The ruling from above has been made, all subjects must obey this new decree by our leader. All who disobey this new decree will be punished. OK, that’s not how it came about, but it sure feels like that’s how it came about! Goldman Sachs issued a report that calls for higher interest rates in the U.S. and further gains in the dollar. And we all know better than to step in front of the Goldman Sachs bus when they make a call. So, not unlike me, who told you all two weeks ago, which by the way is 14 days, a fortnight if you will, before Goldman, that we should get ready for a month or two of dollar strength. I had been really surprised the last two weeks, a fortnight if you will, when the dollar’s rally stalled. But now it’s back, and refueled by G.S. (and I don’t mean the Girl Scouts!) You know me. I’m going to tell you all about dollar rallies in 2005, 2008, 2010, and 2012, that all petered out, and that by battening down the hatches and looking for opportunities to pick up more currencies and metals at cheaper prices was the way to deal with those short-term rallies. I say, if it’s not broke. don’t attempt to fix it, right? So, batten down the hatches, folks. it looks like it’s time to duck and take cover. I’ll let you know when it’s OK to open up the hatches again. OK, the reason the pound sterling is rallying today, after I spent a good part of yesterday, telling you that interest rates weren’t going anywhere in 2014, and Carney was caught reaching into his bag-o-promises again, the Bank of England (BOE) meeting minutes printed. And these minutes showed that the Monetary Policy Committee (MPC) vote was split on when the first rate hike would take place. But remember, this meeting took place before the drop in CPI (consumer inflation) that printed yesterday. I wonder what these members of the MPC would think now.. But don’t let that get in the way of a “feel good story” for pound sterling this morning. I would think that this rally would be short-lived. because of the reason I just talked about. The Aussie dollar (A$) has slipped back below 93-cents this morning. Reserve Bank of Australia (RBA) Gov. Stevens, gave a prepared text speech last night and didn’t say anything new about the direction of interest rates (they are on hold for now) but he did give some insight to what he’s thinking about regarding the A$ and intervention. First, we must remember that Stevens has been very vocal about the A$ strength, saying over and over again that the A$ strength was unwarranted given the weakness in commodity prices. So, when he was asked about intervention to get the A$ weaker, he responded in a surprising manner. He said that the prospects of intervention were low, given that they see the likelihood of it succeeding as low. WOW! Listening to that, I would have thought the A$ to be rallying. But, the U.S. dollar strength this morning is too strong. The euro is at an 11-month low VS the dollar this morning, having fallen through the 1.33 figure overnight, which makes sense given the dollar strength. I had a long phone conversation with Eric King of Kingworld.com yesterday regarding the dollar and the euro. He was very interested in what I had to say about the euro and the Eurozone 3 to 5 years out. You dear Pfennig Readers all know what I think about that, as I’ve beaten the drum for over 2 years now. So, the dollar can take liberties with the euro now. But, when the euro comes back, it will do so with a vengeance! I still haven’t gotten to my: Things That Make You Go Hmmm, letter from Grant Williams this week. maybe later today. But in a past letter, Grant talks about how Japan is a basketcase, which is something I’ve called them for some time now, so there you go. Great minds thinking alike! HAHAHAHAHA! At least one great mind is there! (Grant) Last night, Japan posted another monthly Trade deficit, which was worse than expected at -1 Trillion yen VS a consensus of -800 Billion yen. Long ago, I explained to you about how the yen used to hold a “get out of jail free card” for having a strong Current Account, even though their Gov’t debt was astronomical. But then the Current Account wasn’t so strong any longer, and these Trade Deficits, which make up a huge piece of the Current Account, began to get booked, and now things are getting even worse, as the recent trend with Trade Deficits is that they print worse than expected. That means simply that exports are disappointing and will mostly likely continue that way. Yen finally pushed through the 102 handle to 103 and change overnight.. (remember, yen is a European priced currency, which means as the price rises, it loses more value to the dollar) I’ve said for over a year now, when PM Abe introduced his 3 arrows program, that yen would get to 110. Sure I’ve had egg on my face, as the currency couldn’t ever get past 102. Well, maybe the next leg down is upon us. Yesterday, I talked about Diary of a Rogue Economist creator, Bill Bonner, and how he continues to think, along with me, that the U.S. is just following Japan down the slippery slope of slow growth and debts building. I reread his letter from Monday, and thought you all should read it too. so, click here and get to reading: http://bonnerandpartners.com/japanese-women-armed-chainsaws/ And while you’re there, you will probably want to subscribe! So, the dollar is swinging a mighty hammer this morning. I truly expect this to be the case for the next month or two, or maybe even longer, until the U.S. begins to experience the lack of liquidity that’s going to hit us right between the eyes. And then all non-Pfennig readers will be scratching their heads and saying: “How come we didn’t know that this was going to happen? For if we did we would have been better prepared!” Yeah, right. Sure you would have gotten better prepared. You’ve heard of leading a horse to water, right? The Fed’s Jackson Hole boondoggle is getting going. I guess my invitation got lost in the mail! As if they would want a dookie disturber like me among what they are calling the “Elite Economists”. I’m sure this is the last I’ll talk about the boondoggle, for I doubt it will reveal anything of interest. The Bloomberg has an article about how Jackson Hole attendees are awaiting Yellen’s view on labor slack. As if! Gold got whacked yesterday. While I was talking to Eric King, I mentioned the end of the cease fire in Gaza, the continued tensions in Ukraine, and China being stealth-like in their takeover of the China Sea, and the fact that with all this stuff going on, Gold was down on the day. Makes little sense to me. And I also pointed out that 10 years ago, Gold was moving steadily higher, and interest rates were around 5-6% here in the U.S. so, all this talk about moving rates off of zero percent, as a reason for Gold to lose ground, seems pretty hollow to me. But, I can’t get too caught up in the price of Gold now. I must keep my focus on the horizon. And if anything, use these whackings of Gold as opportunities to buy at a cheaper level! And the industrial metals are getting whacked too! Again, why? Oh well, certainly cheaper levels are available! The U.S. Data Cupboard had the stupid CPI yesterday, which we already talked about, and some strong Housing Starts data that showed Housing Starts in July increasing 15.7% VS June, when they were down -4%… Today, we will get the Fed meeting minutes from July 29-30 printed. and that’s about it. So, the dollar will find little fuel to add to its gains this morning except the distribution of the Goldman call. Before I head to the Big Finish today. So. Last Friday, I was down at my little river town’s city park for an awards ceremony in soccer. I went there because my friend, and colleague, Ty Keough, would be there. You see, the award given out is named after Ty’s dad, Harry Keough. A couple of years ago, Ty won the award, and I sat and talked to his dad for a long time. Good memories. Ty brought his aunt Betty to the ceremony, she’s in her 90’s! And looks healthier than me! Oh well, I had forgotten to mention this earlier this week. For What It’s Worth. Well. just in time for the Labor Day Holiday BBQ’s. The price of Ground Beef has hit an all-time high! (but don’t worry, there’s no inflation according to the CPI) The price of Beef hit an average in July of $3.88. A year ago July’s price was $3.46. So, in one year, the price Beef has gone up 12%! YIKES! But want to know something else, and it ties in nicely with QE. You see, in 2009, when the Fed began this little known policy called Quantitative Easing, the price of Beef was $2.15. In the 5 years that QE has existed, the price of Beef is up 81%!!!! Now, some of you will chastise me for linking QE with the increase in the price of Beef. But wasn’t it just last week when I told you about the increases in the components to eat breakfast? Why, yes, Chuck it was! So, now I’ve connected the dots with these foods, and I’ll be connecting more dots to other things that have increased in price since QE was introduces, you can bet your sweet bippie on that one! I mentioned above about connecting the dots, and whenever I do that, you can hear me doing my very best Pee Wee Herman voice, and saying, la, la, la, connect the dots. HAHAHAHAHA! What? You don’t think I can do a good Pee Wee Herman voice? To the Butler patio now! To recap. The stuck in the mud trading pattern that has existed for the currencies the past two weeks has finally given way to an all-out rally for the dollar this morning. Goldman Sachs has called for dollar strength, and so it shall be! Pound sterling and rupees are the only two currencies with gains VS the dollar this morning, and the pound’s gains will most likely be short-lived since the reason it is stronger had cold water thrown on it yesterday with the latest CPI report! Gold is getting whacked in the face of geopolitical tensions all over the world, makes no sense to Chuck! And the Fed’s Jackson Hole boondoggle begins. Chuck’s invitation must have gotten lost in the mail! Currencies today 8/20/14. American Style: A$ .9290, kiwi .8390, C$ .9130, euro 1.3285, sterling 1.6650, Swiss $1.0970, . European Style: rand 10.6835, krone 6.1765, SEK 6.9015, forint 235.75, zloty 3.1510, koruna 21.0080, RUB 36.28, yen 103.35, sing 1.2490, HKD 7.7505, INR 60.61, China 6.1580, pesos 13.07, BRL 2.2465, Dollar 82.06, Oil $ 95.50, 10-year 2.40%, Silver $19.49, Platinum $1,431.50, Palladium $870.85, and Gold. $1,294.93 That’s it for today! Well, a great big Happy Birthday to my little girl, Dawn. We had cake and ice cream with the family last night for Dawn’s birthday. When Dawn was young, we used to always be camping or on the road on her birthday, but that was when kids didn’t go back to school until after Labor Day! I kind of wish we were still celebrating her birthdays on the side of the road! That would mean I hadn’t gotten old and sick! Oh well, moving along, today is also the birthday of our little Christine’s oldest son, Jamieson. He’s 10 today. I remember when Christine was pregnant with him, it sure doesn’t seem like 10 years ago! And according to the birthday calendar, it’s also the birthday of one of our IT gurus, Cheryl Kohrmann. So, Happy Birthday to all! What a great win last night for the Cardinals! They have really put some ground between them and the teams chasing them this past week, or really since the All-Star Break. Now, if we could only catch the Brewers! We have like 7 games remaining with the Brew Crew, so win those and you’re in like Flint! So, there you go! I hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Markets
Recommended Links Have You Heard of Federal Clause #106?A little-known law just made retirement more difficult, by “hiding” some of the world’s best investment opportunities from you… Click here to learn more. Obamacare looks like it’s about to collapse…Six years ago, President Obama passed the Patient Protection and Affordable Care Act. This controversial law (simply called “Obamacare”) was supposed to make it easier and cheaper for Americans to buy health insurance.But, as you probably know, it’s done the exact opposite. And its downfall is opening up massive money-making opportunities that we can take advantage of today…• E.B. Tucker, editor of The Casey Report, says Obamacare has turned the health care world upside down…He wrote in last month’s issue of The Casey Report:[Obamacare] made insurance more expensive, going to the doctor more complicated, and created bizarre economic incentives that have nothing to do with delivering health care to the people that need it.E.B. says it’s only getting worse, too:Earlier this year, Pennsylvania-based insurer Highmark announced a 41% price increase for 2017 health insurance plans. It’s one of the state’s largest health insurance companies…The story is the same across the country. Blue Cross Blue Shield of Montana announced a 62% price increase for 2017 rates. In 2016, it implemented a 22% increase. Anthem Inc. will raise rates on Connecticut customers by 27% next year. The list goes on…Soaring insurance costs are a big problem if you’re buying health insurance. If you’re selling it, however, it may seem like a great business at first glance…• Thanks to Obamacare, profits for health insurance companies have hit record highs…Their stock prices have soared. And there’s less competition than ever before.What’s more, Obamacare is nearly impossible to escape. Under Obamacare, everyone in the U.S. must prove they have health coverage through a health insurance plan.If a person is ineligible for government coverage like Medicare or Medicaid, they must buy a private health insurance policy.If you don’t buy insurance, you have to pay a fine. This has forced millions of Americans to buy insurance.You can see in the chart below that 80% of Americans had health insurance in 2010. Today, more than 90% of Americans have coverage, which is an all-time high.It may seem like a great time to be a health insurance company. But E.B. says the good times are coming to an end. – Collapse Watch: Four Billionaires Move Money into GoldWhy have four of the world’s wealthiest men moved money into gold? It could have something to do with recent disturbing changes in the world’s largest market. Watch this video for the full story. — • Obamacare is backfiring…CNNMoney reported in August:There’s no doubt Obamacare is suffering a major shakeup three years after the exchanges opened. Those who’ve signed up for coverage are sicker and costlier than expected, while too many healthier Americans are opting to pay a penalty rather than a premium.This might not surprise you. After all, Casey readers know that the government never fixes problems. It only creates them or makes them bigger.• The health insurance industry is starting to take heavy losses…CNNMoney reported last month:There’s no question many insurers are losing big money on Obamacare. Costs exceeded income by 5% in 2014, and that figure doubled the following year, according to McKinsey’s Center for U.S. Health System Reform. Losses are expected to grow this year.Only 30% of insurers ran profitable individual divisions in 2014. That share slipped to about a quarter last year, according to McKinsey.This is why so many insurers have jacked up premiums. They’re trying to stop the bleeding.If premiums continue to rise, many more Americans could opt out of insurance plans. And that would only create bigger problems for the industry.• Several giant insurers are pulling out of Obamacare…CNNMoney reported last month:Aetna (AET) is pulling out of 11 of the 15 states where it offers Obamacare policies after losing $430 million, the company announced Monday. Its move follows downsizings by UnitedHealthcare (UNH), which will operate in only three states in 2017, and Humana (HUM), which is withdrawing from nearly 1,200 counties in eight states.Aetna, UnitedHeathcare, and Humana are three of America’s largest health insurers. But they certainly aren’t the only insurance companies in serious trouble. Business Insider reported this morning:In a release on Friday, Minnesota Commerce Commissioner Mike Rothman, who oversees the exchanges on which people in Minnesota not receiving insurance through their employer or government programs [like Medicare and Medicaid], said premiums will rise as much as 67% for some insurers.According to the release, Rothman said the exchanges are “very near collapse” as Blue Cross Blue Shield pulled out of the market, citing large financial losses. This exit is indicative of the mood of the other insurers, who Rothman described as “prepared to exit this market.”• Casey Report readers stand to profit from the collapse of Obamacare…Last month, E.B. shorted one of America’s biggest healthcare companies.[Shorting is betting that a stock will fall. If you’ve never shorted a stock, we encourage you to read Friday’s Dispatch. In it, E.B. explains how to short stocks…what makes for a good short…and why you should be shorting stocks now.]This company’s stock has more than quadrupled since 2010. But, like other insurers, this company’s good times are about to end.Over the past two years, the company’s already lost $1 billion because of Obamacare. Yet, its stock is trading at a price-to-earnings (PE) ratio of 21.7. That’s almost double its five-year average. (The higher the PE ratio, the more expensive the stock.)According to E.B., this stock could plunge 50% or more as Obamacare unravels. You can get in on this trade by signing up for The Casey Report. But, before you do, watch this eye-opening presentation.It talks about a major financial crisis on the horizon. As you’ll see, this coming crisis could cause the average U.S. stock to fall 50% or more. Weak companies, like the health insurer that E.B.’s shorting, could fall even further.The good news is that you can turn this coming crisis into a major money-making opportunity. Watch this FREE video to learn how.How to Profit from “Internet 3.0”Editor’s note: Today, instead of our usual Chart of the Day, we’re sharing one of the most popular money-making ideas from our good friends over at the Palm Beach Research Group. As you’ll see, the “blockchain” revolution is taking over the tech world…and there are huge profits to be made if you get in now…“The next phases of the internet will be built on the blockchain…”The blockchain is a revolutionary technology that’s changing the world at an astonishing pace. It’s nothing more than a digital ledger. But this ledger is decentralized, public, and “unhackable.”Decentralization is the source of the ledger’s integrity. Millions (and soon billions) of connected devices around the globe keep it accurate. Its reliability is so solid, some of the largest names in global finance and business are investing billions into the technology…• Wall Street “megabank” JPMorgan is investing $9 billion in the blockchain.• Global titans Credit Suisse, Reuters, and HSBC are just a few of the many massive firms investing in the blockchain right now.• Within five years, two-thirds of all asset managers worldwide will use the blockchain in some way.Teeka Tiwari, editor of The Palm Beach Letter, says today’s new blockchain-based companies will become “the IBMs, eBays, and Amazons of tomorrow.”You can learn about this digital revolution by clicking the five-minute video below. The window to make money in “ground-floor” blockchain investments is closing fast. To take advantage of this incredible opportunity today, click here.Regards,Justin SpittlerDelray Beach, FloridaOctober 3, 2016We want to hear from you.If you have a question or comment, please send it to email@example.com. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful.