Controversy as nine-man Chelsea lose

first_imgChelsea 2 Manchester United 3Branislav Ivanovic and Fernando Torres were both sent off and Javier Hernandez scored the winner from an offside position as Chelsea’s unbeaten league record was lost in controversial circumstances.A disastrous first 12 minutes saw them fall 2-0 behind, an unfortunate David Luiz own goal and a Robin van Persie strike putting Manchester United in command.Chelsea ended the first half strongly and almost scored when defender Jonny Evans turned John Obi Mikel’s cross onto his own post and Gary Cahill went close with a header from the resulting corner.Luiz scored an own goal.Juan Mata’s inch-perfect free-kick and Ramires’ header either side of half-time then wiped out the visitors’ lead.But in a stormy six-minute period in the second half, Ivanovic saw red for a last-man foul on Ashley Young and Torres was harshly dismissed after picking up a second yellow card for diving.United made the extra men count as Hernandez turned in Rafael’s cross-shot from close range – but replays showed he was offside.Chelsea’s defence parted at will early on, allowing United’s attackers far too much space.They were unfortunate for the first goal, as Van Persie’s shot hit the bar and cannoned in off Luiz, but they were caught napping for the second, as Antonio Valencia fed the Dutchman for a crisp finish.Chelsea emerged from their early slumber to force United keeper David De Gea into several fine stops, the best from Luiz’s free-kick and Torres’ header.Mata reduced the arrears on the stroke of half-time with a brilliant free-kick and Ramires crashed home a header just after the break to level.But after Ivanovic’s dismissal, Chelsea were dealt another blow when Torres was adjudged to have dived despite appearing to be fouled by Evans.The decision enraged the Chelsea bench, with assistant coach Steve Holland squaring up to United boss Sir Alex Ferguson.And Chelsea were left further aggrieved when Hernandez’s goal was allowed to stand.Chelsea (4-2-3-1): Cech; Ivanovic, Luiz, Cahill, Cole; Ramires, Mikel; Oscar (Azpilicueta 65), Hazard (Sturridge 82), Mata (Bertrand 72); Torres. Subs not used: Turnbull, Romeu, Moses, Marin.See also:Angry Chelsea boss blasts ClattenburgChelsea v Man Utd player ratingsWhy Clattenburg could end up costing Chelsea the titleFollow West London Sport on TwitterFind us on Facebooklast_img read more

Market still worried about weather

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The market continues to worry about the upcoming summer weather. Some forecasts show warm/dry weather in early June. Also, continued uncertainty over South America’s bean production is keeping a floor in place until summer weather is known. Export and feed demand looks strong according to USDA, but it is uncertain if the estimates are attainable.How many acres will be switched from corn to beans? Many are estimating nearly 1.5 million corn acres will be lost to beans. Until the June 30 report, this uncertainty provides market strength for corn. Reuters news found that since 1980, seven of 10 years soybean acres increased from the March report to the June report, corn acres also increased. The 2015 prevent plant acres coming back into production as well as reductions in wheat, milo and other minor cereal crops could help acre count for both corn and soybeans.Corn bottom line: if yields and acres are reduced, better prices in the future are likely. However, without yield and acre reductions, corn could be substantially overvalued.Expect beans to be very volatile until summer weather is known. It’s hard to know the right plan on beans when we could go to $8 or $13. It ultimately still comes down to how many acres we plant and what the yield turns out to be.The following shows recent market action and the benefits for rolling options forward.On 12/10 I sold Feb $3.80 options for 8 cents, expiring worthless on 1/22 (I kept the 8 cents).On 1/22 I sold April $3.80 options for 8 cents, expiring worthless on 3/25 (I kept the 8 cents)On 3/25 I sold June $3.80 options for 10 cents, expiring 5/20 with corn over $3.80 (grain now sold)This means I sold $3.80 against July futures but get to keep all the premiums (8 cents + 8 cents + 10 cents = 26 cents). I am now sitting on $4.06 July futures sale. Plus, I have the potential for additional gain when I move the sale from July to Dec (possibly 8-15 cents more).Also on Friday I sold a $4.50 Sep corn call (collecting 9.5 cents premium). If corn is above $4.50 in late August (when the call expires) I will happily take $4.50 for 5% of my corn. If corn is below $4.50, then I just keep the 9.5 cents of premium.Do I want the board price to rally or fall?Based upon my newsletters, some farmers are confused on what I hope the market does. Many assume I want the market to actually go down.To be clear, I definitely want the market to rally. However, I want to be prepared if it doesn’t, hence why I am selling calls. One may think that I want the market to go lower so I don’t have to sell the corn and just collect the premiums. However, this is most certainly not true. I would prefer all of my call sales to be “wrong.” I would make more money on all my bushels not yet priced if the market rallies than I will ever collect on call premiums expiring worthless.However, I need to control my farm operation risk. The market can always move up, down or sideways. By selling calls I make a little premium regardless of the market direction. By selling above the market, I allow myself upside potential if the market goes up. If the market does nothing, I can still potentially collect more call premium in the future. Ultimately, I’m disappointed if the market declines because the right choice would have been to just outright sell grain instead of hoping for more.I have no idea what the market will do (no one does). I also can’t predict weather (again, no one can). All I CAN control is my risk levels. Sure, some farmers may say if they wait long enough they can get the same price I do with all of my trading. The difference, I can’t sleep at night with all the potential risk hanging over my head playing the waiting game. I hate “striking out” MORE than I like “hitting home runs.” For me, I prefer to always get on base by hitting singles consistently.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

10 Real-World Things To Consider Before Scaling Your Startup

first_imgWhat could possibly be bad about scaling up your startup? If you’re thinking about growth because the demand is there, you’re clearly doing something right.But a rush to ramp up too soon can lead to serious growing pains, especially in the human resources and accounting departments. We asked 10 entrepreneurs in the Young Entrepreneur Council (YEC) to share their own experiences with scale—and their best advice for founders about to embark on a big push in the new year. 1. Scale RemotelyThe biggest problem with scaling is you take on commitments. Commitments for offices, technology, employees and any number of assets that can slow you down and bleed your bank account. A great option is remote employment. At Staff.com, we run a team of more than 50 employees from 9 different countries; our employees are more efficient than local ones and we don’t have commitments like offices, payroll or the bureaucratic headaches that local employees produce. We still have some local employees, but each local worker is augmented by remote ones. This relationship produces incredibly efficient employees at a fraction of the cost. – Liam Martin, Staff.com 2. Spend Money On The Best PeopleWhether you’re selling a product or service, maintaining quality during periods of quick scaling is hard. At Pandemic Labs, we experienced this in both our agency business and our software platform. Our solution is in our people. When your business is moving along at a steady, manageable pace, you might not see the value of hiring someone for $90,000 when you can fill that position with someone for $40,000. But there’s a big reason, and you’ll see it when business ramps up. A-level people cost more, but they’ll be able to keep a steady hand on the wheel with you in situations where other companies would crumble under the speed of their own growth. The best people will feel expensive at first, but a team of great people can control a train that would otherwise fly off the tracks. – Matt Peters,Pandemic Labs 3. Understand What It Takes To Serve 10X The CustomersThe biggest mistake startups can make when trying to scale a business is to not understand what it takes to support 10 customers versus 100 customers. As an entrepreneur, project all the resources you will need as you grow. Forecast how each of your key resources (i.e. staff, strategic leadership, infrastructure) will need to be expanded. Yodle scaled successfully because we invested in careful planning in order to be properly prepared for each juncture of growth. In this way, we achieved controlled growth – and this was the best way to manage additional costs and resources. – John Berkowitz, Yodle 4. Set Up Systems FirstMy company, RewardMe, is a digital loyalty platform for restaurants. Our success therefore depends on our ability to capture as much of the market as possible. Our initial 100 clients were in Northern California and it seemed like we were ready to scale: hire sales people across the country and implement as fast as possible. But the smartest decision we made was to delay scaling until we had all our systems and training manuals in place. When you bring people on board to scale sales, everything must be a no-brainer: they must know exactly how to get clients, how long it takes to close deals, how much to sell the product for, and the intricacies of the implementation process. Don’t scale until every single aspect from customer acquisition to implementation is a process. – Jun Loayza, Passport Peru 5. Premature Scaling KillsThere is no doubt about it – startups offer some amazing opportunities to exercise Computer Science and Systems Engineering knowledge. Engineering friends of mine regularly marvel at the amount of data companies like Google, Amazon and Netflix have to process, analyze and serve. Here’s the problem: This opportunity doesn’t exist for early-stage startups, because, by definition, they have no users or customers. Worrying about “scale” in the early days of your startup is simply a bad investment. You may not have even discovered whether a product or market is worth pursuing, but you will have already invested in scaling that pursuit. Startup founders have to develop a craft in rapid application prototyping. Scaling comes later. – Andrew Montalenti, Parse.ly 6. Listen To Your CustomersOne of the best barometers for scaling should be customer satisfaction. If your customers are satisfied, you can scale as fast as you want. Typically, when something starts going wrong or you’re understaffed, your customers will tell you! When we started pushing hard toward the 7-figure mark in our first year, my brother/business partner was left managing customer support from his Gmail account. He was a senior in college, a starter on the baseball team, and working 50-60 hours each week. We knew something had to change, and that’s when we found a full-time customer support staff member. While Scott was doing all he could, I knew our customers were growing restless. Since then, I’ve been able to leverage Scott’s abilities, and our business has never been stronger. – Brian Moran, Get 10,000 Fans 7. Ride One Horse At A TimeWhen we started franchising our business, we expanded rather quickly, and it seemed logical to test out new service lines and launch new brands. However, we stretched ourselves thin and ended up over our heads in unfamiliar waters. Our core business suffered, and the new initiatives didn’t work. My advice: Focus on dominating the sandbox you’re already in before branching out. Make sure you have strong systems and resilient revenue streams. Run market tests and grow your business slowly so that every piece is sturdy, stable and cohesive. If you try to ride more than one horse at the same time, you’re going to fall off. – Nick Friedman, College Hunks Hauling Junk 8. Be Selective, Open Up SlowlyWhen we launched SaberBlast.com a year ago, it grew so fast that we couldn’t keep up with demand. Our clients would try to send out newsletters with 30,000 or 100,000+ subscribers on it – and either the server would blow up or the resulting traffic would kill us. It was embarrassing. With the recent relaunch of the service, not only have we upgraded our technology, but we’ve upgraded how we onboard clients. We actually have an application process and a waiting period. Then, once a month we open up X number of new spots and email clients who are on the waiting list telling them they can sign-up. This way, by controlling demand and being selective about who we take on as clients, we’re controlling the risk of growing too fast without sacrificing the quality of how our service is delivered. – Matthew Ackerson, Saber Blast 9. Stay Focused On Cash FlowThe most dangerous problem with scaling too quickly is usually cash flow. I experienced that when building my second business when I was 19. We nearly hit our $1 million in revenue in the first few years, but as we got bigger clients, they required better payment terms. One missed payment from a big client could be disastrous, which is what happened. Cash flow is king in scaling up your business. Most entrepreneurs learn the hard way and this is definitely something that needs to be talked about more. – Peter Nguyen, Literati Institute 10. Estimate Growth, Then Divide By 2As much as we love to dream about explosive growth and unyielding demand for our product or service, our passion and excitement may skew the truth about future projections. If you can estimate revenue for the next 12 months, take that number then divide by 2 – and plan your resources and expenses around that number instead. Case in point, I ordered 2,000 jerseys for my new sports business (we ran rec leagues for adults) based on lofty expectations about how may players would sign up to play. We had 75 people show up on opening day and for an entire year I did not know if I was running a sports business or a t-shirt business. Be modest in your expectations and seek outside help for an unbiased estimate. It is never a bad thing to sell out beyond capacity, it creates demand. – Steven Staley, Playbook CommunityThe Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons. Tags:#startups How OKR’s Completely Transformed Our Culture Tips for Selling Smart Supply Chain Solutions End-of-Life Software: Keep it, Update it, or Fi…center_img Related Posts Will Development Eventually Make Itself Obsolete? scott gerberlast_img read more

Anil Agarwals Volcan Investments shows interest in Jet Airways

first_imgVedanta group Chairman Anil Agarwal during a press conference in Kolkata on Dec 25, 2018.IANSVolcan Investments, the family trust of Vedanta Chairman Anil Agarwal, has shown interest to invest in the now grounded Jet Airways and has submitted an Expression of Interest (EoI) for the debt-ridden airline.”Volcan Investments, an investment company for Anil Agarwal, in an exploratory move, has sought an EoI for Jet Airways, to understand the business scenario for the company and the industry,” the trust said in a statement on Sunday.It, however, added that the EoI is in “no way linked to Vedanta”.The EoIs will be examined by resolution professional Ashish Chhawchharia to verify their eligibility. The final bids are to be submitted by September 12.last_img

Rail link with Sylhet resumes after 3hr

first_imgThe rail communications between Sylhet and rest of the country resumed on Monday afternoon after being suspended for at least three hours due to a hill slide triggered by heavy rainfalls in Lauachhara forest of Kamalganj in Moulvibazar of Sylhet, reports news agency UNB.The communication resumed after cleaning all the mud from the rail track at around 12:00pm, witnesses said.Earlier, a large chunk of mud fell on the rail track at Lauachhara hilly area halting the communication since 8:15am this morning, Sreemangal Station master Faizur Rahman said.last_img

Muslim scholars plead for Afghan peace

first_imgMohammad Nabi Ayoubi, (2nd R), Peer Mohammad Rohani, (3rd R), Khalifa Naween, (3rd L) Dr. Abdul Shakoor Majoor, (2nd L) attend the international Ulema conference for peace and security in Afghanistan in Jeddah on 10 July 2018. Photo: AFPMore than 100 Muslim scholars from around the world meeting Wednesday in the Saudi holy city of Mecca issued an urgent appeal for peace in Afghanistan as they ended a two-day conference.”The solution to the cause of the Muslim Afghani must particularly go through mutual understanding and direct peaceful negotiations,” read the closing declaration.”Reconciling between battling Muslims is one of the greatest and most honoured acts of worship,” it said.The international gathering, which focused on prospects for peace in Afghanistan, was sponsored by the Organization of Islamic Cooperation, based in nearby Jeddah.Yousef al-Othaimeen, the head of the 57-member pan-Islamic organisation, ended the meeting by urging a ceasefire for Afghanistan.”The OIC calls on all parties to observe a truce, respect a ceasefire and enter into direct negotiations,” he told reporters at the close of the conference.The scholars were received on Wednesday by Saudi King Salman, who expressed his country’s committment to a peaceful resolution in Afghanistan, according to state news agency SPA.The Taliban ignored an invitation from the OIC to attend the Mecca conference, Saudi daily Asharq al-Awsat reported Wednesday.Thus far, the Taliban has not responded to Afghan President Ashraf Ghani’s offers for dialogue, instead demanding to sit down with the United States, which has dismissed this proposal.Attacks occur on a near-daily basis in Afghanistan, where the US toppled the Taliban from power 17 years ago. On Wednesday, an unclaimed attack on an education department facility in eastern Afghanistan left at least 11 people dead.A recent ceasefire between Afghan security forces and the Taliban during the Islamic holiday Eid had raised hopes that an end to hostilities in the war-weary country was possible.But the Taliban refused the government’s request to extend their three-day ceasefire, launching attacks that have seen scores killed or injured.last_img read more

Why You Cant Afford to Ignore Cryptocurrencies and Blockchain Anymore

first_img 5 min read Though cryptocurrency and its underpinnings — blockchain technology — have gone through tough times over the last eight years, they have evolved to the point where they pose a serious threat, not only to banks, but also to other centralized control systems, such as payment systems, insurance companies, law firms, and even governments.We cannot blame top bank officials for ignoring this technology for so many years. With the massive amounts of money passing through their hands on a daily basis, they could not realistically envision that, one day, they would face competition from an unstable, digital currency that relies on some “geeky,” distributed ledger technology.Unfortunately for banks and other centralized control systems, cryptocurrencies are here to stay. While early adopters of Bitcoin and blockchain enthusiasts raise millions of dollars, those who have shown up late to the party can only talk about the shortcomings of cryptocurrency and how blockchain jeopardizes the system. Yet, even they cannot overlook the obvious benefits.Perhaps the biggest threat blockchain-powered digital currencies pose for governments and traditional financial systems is the undermining of their authority and deprivation of their long-entrenched “control and enforce” mentality. Fiat money remains valuable largely because it is backed by the state and is controlled in terms of price and availability by the central banks. Meanwhile, cryptocurrency rides on the shoulders of the supposedly impregnable blockchain to circumvent the traditional banking process in its entirety.Seen in that light, it seems counterproductive to ignore cryptocurrencies and all that they entail and promise. Governments and communities should be looking for new ways of adopting cryptocurrencies and blockchain to benefit the global economy and humanity as a whole. Here’s why.Related: 15 Useful Tech Tools for Your Business1. Most governments do not care about cryptotechnology.Many countries are still averse to the idea of using at least some elements of blockchain technology. Obviously, they are not interested in supporting cryptocurrencies, either. However, China, Russia and the Netherlands appear to be approaching the new technology more proactively.For instance, China’s Central Bank, the People’s Bank Of China, is testing out a prototype cryptocurrency. While the results of their efforts are pretty much unknown, China could become the world’s first country with a full scale, government-approved cryptocurrency on board. Given all of China’s digital currency efforts, this does not sound entirely unrealistic.The Netherlands, meanwhile, have created their own cryptocurrency for internal circulation, for the purpose of critically studying the technology and how it functions in the real world. Russia has launched an Ethereum-based blockchain pilot program. The Central Banks of Europe and Japan are following the same path, but seem to be more interested in the potential benefits of blockchain technology as a means of bettering their market infrastructure.We do not yet know how governments will utilize the power of blockchain and reform their policies to address the dangers of cryptocurrencies, but one thing is sure: If they continue to ignore these cutting-edge technologies instead of putting well-defined rules of their usage in place, they will lose control over the world’s money supply.Related: A Step-by-Step Guide To Building Your First Mobile App2. Cryptocurrencies may suffer from policy-related issues . . . for a while.Central banks still often doubt the overall stability of digital money and in the areas of value, privacy, susceptibility to cyber attacks and fraud. In March, Federal Reserve Governor Jerome Powell voiced these policy concerns and called for them to be exhaustively reviewed.Yet, cryptocurrencies do not cease to develop. According to Coinmarketcap, cryptocurrencies account for up to $150 billion worth of digital money, with Bitcoin alone having risen more than 380 percent since the turn of the year. The exceptional growth of Initial Coin Offering (ICO) investments in 2017 have only helped to bolster this explosion.There is no doubt that, at some point, governments will have to come up with clear policies to address the use of cryptocurrencies and blockchain.Related: 25 Creative Ways to Promote Your App For Free3. Blockchain is good news for small business.Although cryptocurrencies and blockchain technology are pretty much in their infancy, they have the potential to become the greatest technological advances since the internet. This is good news for small and medium-sized companies who suffer intense competition from corporations.Blockchain favors small businesses by fostering a fair-field climate for every player on the market. Specifically, these benefits come into play with Ethereum blockchain. By introducing the so-called Digital Autonomous Organization (DAO), blockchain allows for smart contracts that are drawn up and executed by decentralized, self-governed communities of small-business owners. Blockchain technology cuts middlemen (e.g. courts, lawyers, insurance agents) out of the picture and allows for a considerable reduction in operational and frictional costs, dramatically simplifying business processes.While this may seem unrealistic to some, small businesses can already start using blockchain for their benefit. Startups like Opporty, Snov.io and BlockCAT have already made inroads into the technology.Opporty, for instance, is a service marketplace on the blockchain that implements strong smart contracts and the world’s first decentralized Escrow. By binding Ethereum blockchain and its own cryptocurrency, OPP token, to the on-demand business model, it allows businesses, service providers and ordinary users to enjoy the benefits of a fair-field-and-no-favor environment, wherein independent communities of experts standardize and establish rules of doing business, draw up smart contracts and protect all parties through decentralized escrow procedure.Blockchain and cryptocurrency technology can be of immense benefit to the global economy. A prime example is the trajectory on which Japan, the world’s third largest economy, has travelled since the spectacular financial tragedy of Mt. Gox back in 2014. Bitcoin is now accepted as a legal method of payment in Japan. Its largest banks have also put down money on Bitcoin exchanges and Bitcoin and blockchain related small-cap stocks, as the currency begins to garner favor among retailers within the country and globally. Opinions expressed by Entrepreneur contributors are their own. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now October 10, 2017 This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Enroll Now for Freelast_img read more