Down the rink Columbus Blue Jackets recap – Week 7

Right wing Cam Atkinson signed a seven-year contract extension on Nov. 17 with the Blue Jackets. Credit: Courtesy of TNSThe Columbus Blue Jackets bounced back from three straight losses the week before to take two games against quality opponents.Defenseman Zach Werenski buried an overtime goal against Montreal and goalie Sergei Bobrovsky had a 36-save, 2-0 shutout victory for his 21st career shutout with Columbus against the New York Rangers.Before the Jackets face off with Buffalo in New York on Monday night, here’s the rundown from this past week’s three major storylines.Tortorella searching for answers defensivelyAs expected, the top defensive line of Seth Jones and Zach Werenski have continued to be the force carries the Jackets in their own zone. Past that, the defense remains largely unsolved. The difference this week, head coach John Tortorella is sending a message.He surprisingly made David Savard a healthy scratch Friday against the Rangers due to his play. Savard has been a defensive staple for the better part of four seasons, but the blue-liner certainly hasn’t played up to par to this point. Rookie Gabriel Carlsson replaced Savard on the second line.The second defensive pairing of Jack Johnson and David Savard gave up the only goal the Jackets allowed this week in a continued downward spiral from two of Columbus’ most consistent defenders last season. The two have the lowest plus-minus rating of any defensive fixtures in the lineup. Both recorded career-highs in plus-minus last year — Savard plus-33, Johnson plus-23.Savard will be back in the lineup Monday with Carlsson being sent back to Cleveland, the American Hockey League affiliate of the Blue Jackets.Zach Werenski finding offensive rhythmIt’s no secret the Blue Jackets have struggled on offense this season, despite having some of the best young talent in the Metropolitan division. Even for defensemen, that can be frustrating. But Werenski found the back of the net twice, both in game-winning fashion. His overtime goal against Montreal then a second-period wrister against New York.His offense from the blue line is arguably just as important as getting the forwards onto the scoring sheet. If Werenski can carry his two-game goal streak over to the power play, the Jackets can return to offensive prominence as many expected before the season.Atkinson signs seven-year extensionThe next two offseasons are going to test the front office, with 15 players listed as an unrestricted or restricted free agent in the 2018 and 2019 offseasons. But team president John Davidson and general manager Jarmo Kekalainen can cross one off the board with a huge seven-year deal, reportedly in excess of $40 million to Cam Atkinson. The new deal also includes a no-move clause.Atkinson, 28, has led the Jackets in scoring the past two seasons and should remain a big part of the franchise’s offense for years to come.He failed to record a point in his first game on Friday since his signing, but fired a team-high seven shots and moved furiously through the Rangers defense, attacking the net on each shift.Injury reportThird-line left wing Matt Calvert was placed on injured reserve on Nov. 6. Calvert is expected to miss three to four weeks with an upper body injury.Fourth-line center Lukas Sedlak is on injured reserve with ankle injury retroactive to Oct. 23.Alexander Wennberg has missed the past two games with unknown injury.Looking aheadCurrently on a three-game winning streak, the Blue Jackets are tied atop the Metropolitan division with Pittsburgh and New Jersey with 25 points. After Monday, they have four of their next five games at home against four teams that have winning records.Top performers (skaters)Zach Werenski – two goals (6), two points (12), +2Brandon Dubinsky – two assists (6), two points (8), +1Josh Anderson – one goal (7), one point (10), +1Artemi Panarin – one goal (4), one point (14), 1 power-play goalGoaltending:Sergei Bobrovsky – 2-0-0 (11-4-1), 0.50 goals allowed average (2.02), 64 saves, .985 save percentage (.933)In the circle (faceoff record, faceoff win percentage, EV record, PP record, SH record)Brandon Dubinsky – 34-16, 68.0, 29-14, 0-0, 5-2 Nick Foligno – 16-19, 45.7, 12-19, 3-0, 1-0Pierre-Luc Dubois – 7-7, 50.0, 0-0, 0-0, 0-0Jordan Schroeder – 8-3, 72.7, 7-3, 1-0, 0-0Overall: 569-636 (47.2 percent), ranked 28thSpecial teams units:Powerplay – 0-for-2 at Montreal; 1-for-3 vs. New York RangersOverall: 6-for-57 (10.5 percent), ranked 31stPenalty kill – 2-for-2 at Montreal; 3-for-3 vs. New York RangersOverall: 42-for-51 (82.3 percent), ranked 12thUp next:11/20 – at Buffalo (5-11-4)11/22 – vs. Calgary (11-8-0)11/24 – vs. Ottawa (8-5-6) read more

Aereo Faces Off Against Broadcast Giants in Supreme Court Today

first_img 3 min read Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global April 22, 2014center_img Register Now » Aereo’s biggest day in court has finally arrived and it’s win or die.  Opening arguments in American Broadcasting Companies, Inc. v. Aereo, Inc, a landmark case that could forever alter how U.S. citizens watch TV — and how American cloud storage companies do business — kick off at the U.S. Supreme Court today. After beating them twice already in lower courts, Aereo is once again facing off against the royalty-hungry broadcast TV goliaths dead-set on shutting the small, literally disruptive streaming TV newcomer down for good. Related: Aereo Founder: If We Lose, ‘We Have No Plan B’TV’s Big Four (ABC, CBS, NBC and Fox), along with Comcast Corp. and Walt Disney Co., claim the New York City-based startup is violating U.S. copyright law by streaming their copyrighted content to its customers without paying a penny for it. According to them, Aereo is outright stealing and illegally distributing their free-to-air programming on a massive scale. Aereo’s CEO Chet Kanojia says that’s just not so, that his cloud-based streaming service “falls squarely within the law” and that this case isn’t even about copyright law. “It’s a case about trying to protect this idea of an integrated bundle that the media companies sell,” he told earlier this month. To him, the copyright infringement accusation is little more than a red herring.  Related: NFL, MLB to Supreme Court: If Aereo Wins, You’ll Have to Watch Sports on CableKanojia’s controversial 2-year-old service delivers broadcasters’ free, local over-the-air content to its subscribers via a sophisticated tiny antenna and DVR system. Its game-changing technology allows subscribers to watch and record live broadcast TV on their smartphones, tablets and internet-connected TVs (for $8 to $12 per month).Nothing about that is illegal, Konjia said, because “every consumer has the right to an antenna” and “every consumer has the right to make a recording for themselves of free-to-air television.” Cloud-based storage companies like Dropbox, Amazon and Google will be watching the case very closely. If the court rules against Aereo, it could mean that firms like these that do business in the cloud are potentially violating copyright law by providing their users with copyrighted content, even if the user owns it. Related: Aereo to Supreme Court: ‘Our Service Falls Squarely Within the Law’Kanojia said he has “no choice” but to be confident Aereo will again prevail against corporate network TV’s old guard, this time in our country’s highest court, just as it did once in federal district court and twice in the Second Court of Appeals. If Aereo doesn’t win, Kanojia has no Plan B. If it does, media mammoths (including major sports organizations like the NFL and MLB) have said they would yank their free content from the airwaves. They threaten to move their programming to cable channels, which would choke off a major chunk of Aereo’s content. Kanojia thinks broadcasters are bluffing, casting their threats off as mere “rhetoric.” Only time, and a highly anticipated Supreme Court final ruling in the case, likely in June, will tell. Related: Aereo CEO: ‘We’re on the Side of the Angels’last_img read more

•  In todays mailbag a reader asks about silver…

first_img •  In today’s mailbag, a reader asks about silver… “Some research companies say to own $2 of gold for every $1 of silver. What does Casey Research consider the appropriate allocation between gold and silver, if any? And is one of these metals riskier than the other?” Louis James, editor of International Speculator, answers: There are gold and silver bugs who could write books about why their preferred precious metal is “better” than all others. We don’t want to wade into a religious war, but we do see silver as being more oversold than gold and potentially benefitting from more new industrial uses than gold (especially in the rapidly growing solar power industry). Louis went on to explain why silver behaves differently than gold. Most of the silver produced in the world today is as a byproduct of large base-metal mines, and many so-called silver mines are really lead or zinc mines with large silver credits. That makes the silver supply less responsive to demand and creates the potential for flooding the market even when prices are down. In other words, there really is no way to show that one is better than the other. Even the gold-silver ratio (GSR), which is currently near historical extremes at 76.5, doesn’t predict which metal will do better. It could return to the recent historical norm of 50-60 either by silver rising or gold dropping. Or it could go to nearly 100, as it has in even more extreme cases. Louis concludes by saying there’s no magic number to stick to when allocating between gold and silver. So, in terms of portfolio allocation, we treat gold and silver equally. That is not to say, 50-50 gold and silver stocks, but to say, we look for the best of the best opportunities based on either metal, without regard to which kind we have more of. Chart of the Day The entire unicorn market still isn’t as big as Apple (AAPL). We mentioned earlier that there are 133 “unicorns” around today. Their combined value is $492 billion. To put that number into perspective, we compared it to the value of four well-known tech companies… As you can see, all unicorns combined are worth more than Google (GOOG), Microsoft (MSFT), or Facebook (FB). But tech behemoth Apple is still about $150 billion bigger than all the unicorns put together. – Doug Casey Issues Warning to America From His Secluded 1,235 Acre Farm: “This is a very bad situation. The U.S. is digging itself in deeper and deeper.” Click here to learn more. Blackstone will pay $14.25 per share to buy Strategic. That’s 13% more than Strategic’s share price on July 23, when Bloomberg first broke the story of a possible deal. •  This is Blackstone’s latest purchase in luxury real estate… In May, Blackstone paid $1.25 billion to acquire three upscale resorts, including the Ritz-Carlton in Orlando and the JW Marriot in Phoenix. Blackstone isn’t getting these properties for cheap. Regular Casey readers know that US commercial property prices are already at record highs. We explained in August that commercial real estate prices are now 18% above their “boom-time peaks.” •  Easy money is pumping up luxury real estate… The Federal Reserve’s easy money policies are one big reason why the luxury real estate market is hot. Regular Casey readers know the Fed dropped interest rates to effectively zero in 2008, and it has left them there ever since. This has made it cheap for people and companies to borrow money to buy things like real estate, stocks, and bonds. The S&P 500 has gained 124% since the Fed dropped interest rates to effectively zero in December 2008. Easy money also pumps up luxury real estate in a less direct way. By increasing the value of financial assets like stocks and bonds, easy money makes rich people richer. Last September, CNN Money reported the top 10% of American households held about $282,000 in stocks. That’s over 20 times more than the average middle-class family’s $14,000 stock portfolio. This means that rich people have made 20 times more money, on average, from the current stock bull market than the average American. A lot of that extra money has flowed into tangible things that rich people buy to preserve their wealth, like luxury real estate and valuable art. •  Speaking of art… According to The European Fine Art Foundation, the global art market hit a record high last year. It’s now a $54 billion market, thanks to rising art prices. The market for valuable art is a good barometer for how the rich are doing. Collecting expensive art is almost exclusively for rich people. When the art market is doing well, rich people are probably doing well. The foundation’s clients tend to have $1 million or more in investable assets. Its client base grew by 15% last year. And the combined net worth of its clients jumped 14% to $53 trillion. •  Is easy money also pumping up the “unicorns”? You’ve probably heard of the ride-sharing company Uber… It lets you summon a car with your phone. Within minutes, a driver picks you up and takes you wherever you want to go. It’s quicker, cheaper, and cleaner than most taxis. Uber is worth a staggering $50 billion, or about $3 billion more than U.S. automaker General Motors (GM). It’s also the best known “unicorn.” Unicorns are private, early-stage tech companies valued at over $1 billion. They’re called unicorns because it used to be extremely rare for a private start-up to be worth more than $1 billion. Not anymore. According to CB Insights, a venture capital and angel investment database, there are 133 unicorns today. Some in the media are comparing today’s unicorns to the dot-com bubble of the early 2000s. International Business Times recently published an article calling the unicorn market “the new tech bubble.” And Bloomberg Business published an article yesterday titled “Surge in Mobile Startups Valued at Over $1 Billion Signals a Bubble.” •  We like a good bubble story as much as anyone… But only if the data supports it. And in this case, it doesn’t. Chris Wood, editor of Extraordinary Technology, says there are good reasons why there are so many unicorns today. A big reason for the surge in unicorns is that private companies are waiting longer to go public. In 2000, the typical startup went public within three years of receiving funding. Last year, the median wait time between initial funding and IPO was seven years. As a result, companies are more mature by the time they go public. Naturally, this leads to higher valuations for private companies. Chris went on to explain that some small tech companies aren’t interested in going public at all. Many tech entrepreneurs see going public as an unnecessary burden. SEC approval can take up to nine months. And it’s expensive. A company looking to raise between $100 and $200 million might spend well over $10 million on legal costs, underwriters, auditors, etc. Also, going public means having to answer to Wall Street. And young, growing tech companies would rather answer to no one. He added that tech companies that do go public today are making more than triple the revenue of companies that went public in 2000. In 2000, the average annual revenue for a company that went public was $18 million. Last year, it was $68 million. Bad News for Seniors 2016 Presidential candidates are debating Social Security. Here’s the #1 way to prepare for potential cuts next year… Recommended Links The world’s biggest property investor is loading up on luxury real estate… The Blackstone Group (BX) is one of largest private equity (PE) firms on the planet. It’s also the world’s largest real estate investor. Over the past four months, Blackstone has purchased $14.5 billion worth of property. On Tuesday, it confirmed that it will buy Strategic Hotels and Resorts (BEE) for $4 billion. Strategic Hotels and Resorts specializes in luxury hotels. It owns the Four Seasons in Silicon Valley, the Fairmont hotel in Chicago, and the iconic Essex House hotel in Manhattan, pictured here. Regards, Justin Spittler Delray Beach, Florida September 09, 2015 We want to hear from you. If you have a question or comment, please send it to [email protected] We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful. —last_img read more