Billy Horschel's flashy fashion sense mirrors his zest for life, golf

BETHESDA, Md. -- Billy Horschel loves that some of his fans and perhaps some of his foes might be wondering what he will wear next.

The 2009 University of Florida graduate showed up for the final round of the U.S. Open sporting navy pants with white octopuses on them and became an instant Internet sensation. The outfit seemed fitting for the 26-year-old from Jacksonville Beach, Fla., who has such a lust for life that he told Golf Digest he doesn't need to drink coffee in the morning to get going.

Horschel explained that the pants were a tribute to 1934 U.S. Open champion Olin Dutra, who won that championship at Merion wearing octopus socks. When the idea was raised by his sponsor, Ralph Lauren RLX, Horschel said he thought the pants were a new cut.

"They sent me a picture and I realized there's actual (octopuses) on them. They asked if I'd still wear them and I said, 'Sure, no problem,'?" Horschel said last month before the AT&T National at Congressional Country Club.

"I've caught a lot of grief from guys out here. All the fans have been unbelievably nice and love 'em. I got a lot of (Internet) hits and a lot of good stuff from it. Any press is good press, right?"

The pants drew critiques from bloggers who might not normally venture into golf. They were a hit with Marty Hackel, Golf Digest's fashion editor.

"There's no question that Billy Horschel not only has game, he's also willing to go bold with his clothes," Hackel wrote in his U.S. Open review on golfdigest.com. "I'm still getting emails about the octopi. Good for him! PS - I'm starting to hear a lot of people say he probably won't be wearing those pants on Sunday ever again, but when was the last time an octopus made a 4-foot putt?"

Making his first appearance this week at the $8.75 million World Golf Championships-Bridgestone Invitational, Horschel might not be wearing anything as flamboyant. For a practice round at Congressional, he was outfitted in plain navy slacks.

Ralph Lauren RLX scripts all his outfits for the majors and leaves the rest to him. Before the British Open, he tweeted sketches of his fashion lineup @BillyHo - Golf.

"Those are probably just a one-time gig," Horschel said of the octopuses. "But we do have a couple things in the works, some pants that might spice things up on Sundays."

When he's on his own and on the fence about his choice, Horschel said he relies on the input of his wife, Brittany.

"I've tried to get some stuff by her, and she won't go for it sometimes," Horschel said. "She was cool with octopus pants."

As for his golden rules, Horschel said, "You don't want to clash your colors. I'm always cautious of that."

His outside-the-box fashion sense seems to fit the intense, aggressive style of Horschel, who fought his emotions on the course after turning pro in 2009.

"I still beat myself up a lot," Horschel said at Congressional. "The less I can beat myself up, the better I play. It's still tough. I'm not a complacent guy. I don't want to say, 'I've got a win, let's go out there and free-wheel it' because then you start making mistakes and I start getting angry because I'm playing stupid.

"But there is a fine line between me being free and playing with ease and me being uptight and worrying and too much into what I'm trying to do. I've got to find that boundary a little bit and I've been pretty good at that so far this year."

He's got the results to prove it.

After finishing 147th on the money list in 2012, Horschel had to return to qualifying school to regain his card. This year he recorded his first career victory at the Zurich Classic of New Orleans. He has earned more than $3 million, ranks fifth on the FedExCup points list and has seven top-10 finishes in 20 events.

"I've always felt I was good enough to win out here. I just felt I had to check every box," Horschel said in New Orleans.

Source: http://www.miamiherald.com/2013/07/30/3530961/billy-horschels-flashy-fashion.html

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Monday Scouting Report, July 29, 2013 - Business Insider

"Risk events are set to pick up dramatically, threatening the summer lull," says Soci?t? G?n?rale head of rates and forex strategy Vincent Chaigneau.

First of all, it's jobs week in America. The July U.S. jobs report comes out on Friday, and the numbers will be considered carefully as the Federal Reserve decides the course of its currently ultra-easy monetary policy.

Furthermore, new U.S. housing data may begin to give us a sense of whether rising mortgage rates are affecting homebuyer behavior. Similar insights will be revealed through the July auto sales figures.

Speaking of monetary policy, three of the world's most important central banks will hold interest rate meetings this week.

All of this comes as every major economy around the world will publish its crucial manufacturing PMI reports. Is Europe still getting better? Is China still getting worse?

Meanwhile, we're still in the middle of Q2 earnings season. Pfizer, ExxonMobil, Proctor & Gamble, and Berkshire Hathaway are just a few of the companies announcing this week.

Also, the U.S. will be publishing revisions to every GDP report since 1929.

Top Stories

• Three Central Bank Meetings: The U.S. Federal Reserve, the Bank of England, and the European Central Bank will all be holding their monetary policy meeting this week.? No change is expected from the ECB.? On July 4, the BoE's Mark Carney hinted that he was considering adopting forward guidance; we may hear more about that on Thursday.

  One thing's for sure, there won't be any tapering of it's monthly $85 billion bond-buying program. "Even uber-hawk Charles Plosser has called a first move in September, and if he doesn't advocate a July move, it's hard to see anyone in the leadership doing so," said JP Morgan's Michael Feroli.
  

• GDP Mega-Revisions : This week, the Commerce Department will release revised GDP data to include R&D as a category of investment.? This will affect every report since 1929. "The net effect could be a 3% upward revision to the level of output," said Deutsche Bank's Joe LaVorgna. "However, of greater significance to us (as well as the Fed and financial markets) will be the change in growth, rather than the outright level. This is what makes Q2 GDP estimates so difficult to forecast. Based on the recent and substantial upward revisions to nonfarm payrolls, we believe the growth rate of GDP will be revised modestly higher over the past several years. This is a separate issue from the overall level being revised higher."

Economic Calendar

• Pending Home Sales (Monday): Economists estimate that the pace of pending home sales fell 1.0% in June month-over-month. "Pending home sales should have decreased by 2.0% mom in June," warned Bank of America Merrill Lynch's Michelle Meyer. "We expect some of the decline in signed contracts for existing homes to be a give-back following a 6.7% surge in May. We could also start to see the impact of rising mortgage rates, which may have deterred some homebuyers, particularly investors and second home buyers."
• Dallas Fed Manufacturing (Monday): Economists estimate this index climbed to 7.3 in July, up from 6.5 a month ago.
• S&P/Case-Shiller Home Prices (Tuesday): Economists estimate the 20-city index climbed 1.4% month-over-month in May and 12.4% year-over-year. "Figures released by data provider CoreLogic suggest that home selling prices remained on an uptrend during May in the twenty cities covered by the S&P/Case- Shiller survey," said Societe Generale's Brian Jones. "We will be paying particular attention to the breadth of price gains in next week?s report. Since last December, all of the metropolitan areas surveyed have posted sequential increases in home selling prices."
• Consumer Confidence (Tuesday): Economists estimate that this confidence index fell to 81.0 in July from 81.4 a month ago. "Boosting confidence should be good news on employment. The June employment report, released during the survey period, surprised to the upside," said Credit Suisse's Neal Soss. "Also, ?News Heard on Employment? from the University of Michigan?s consumer survey improved in July."
• ADP Employment Change (Wednesday): Economists estimate the ADP survey will show a 180,000 increase in private payrolls in July. "ADP private payrolls are expected to increase by 160,000 in July, a partial give- back from the pop up to 188,000 in June," said BAML's Ethan Harris who is a bit more cautious than the consensus. "This would bring private payrolls roughly in line with the 6-month moving average of 163,000."
• GDP Q2 (Wednesday): Having said that, economists estimate that GDP grew at a meager 1.0% rate in Q2.? Personal consumption is estimated to have climbed by 1.6%. "2Q13 GDP is expected to be a very low +0.3%, leaving first half growth at only slightly better than 1% annualized, as the economy absorbed the heaviest impact of an estimated 1.7%% of GDP fiscal tightening this year," warned Morgan Stanley's Ted Wieseman who is much more bearish than the consensus.
• Chicago PMI (Wednesday): Economists are looking for a reading of 54.0 in July, up from 51.6 in June. "Regarding the July Chicago PMI, we expect the manufacturing sector to regain some momentum in the back half of the year after suffering from a combination of sequester-related weakness, slowing exports and inventory rebalancing in H1," said Deutsche Bank's Brett Ryan.
• The FOMC Rate Decision (Wednesday): "[This] week's FOMC meeting should prove to be relatively uneventful, with potentially the most interesting aspect being the degree to which they signal the imminence of the first tapering," said JP Morgan's Feroli. "We think that this first tapering comes at the September meeting, and see very low odds of a surprise reduction in asset purchases next week. Even uber-hawk Charles Plosser has called a first move in September, and if he doesn't advocate a July move, it's hard to see anyone in the leadership doing so."
• Initial Jobless Claims (Thursday): Economists estimate that claims ticked up to 344,000 from 343,000 a week ago.
• Markit PMI (Thursday): Economists are looking for a reading of 53.2 in July.
• ISM Manufacturing (Thursday): Economists estimate that this key measure climbed to 52.0 in July, up from 50.9 in June. "For July, we expect the ISM Manufacturing Index to increase slightly to 52.6," said Wells Fargo's John Silvia. "The regional indices released for July so far have indicated that manufacturing improved this month. Although this is an improvement over last month?s figure, our forecast remains consistent with this recovery?s theme of modest, subpar growth and little evidence of the acceleration experienced in previous recoveries."
• Construction Spending (Thursday): Economists estimate that spending climbed by 0.4% in June. "We look for a slowdown in the rate of increase of residential construction spending, reflecting the softening in housing starts of the past few months," said BAML's Meyer. "This should be offset by a gain in renovation spending. "
• Vehicle Sales (Thursday): Analysts estimate that vehicle sales slipped to a still robust 15.8 million in July. "[V]ehicle sales have meaningful upside potential, thereby providing another pillar of support to the manufacturing sector in H2 and into 2014," said Deutsche Bank's Ryan.
• Nonfarm Payrolls (Friday): Economists estimate that the U.S. added 185,000 payrolls in July, up from 195,000 in June. They also expect the unemployment rate to slip to 7.5% from 7.6% in June. "The public sector is likely to continue to gradually shed jobs; we forecast a decline of 5,000 public sector workers," said BAML's Harris. "In contrast, the private sector should add 185,000 jobs. Job growth recently has been driven by leisure and hospitality as well as retail trade ? two of the sectors with the lowest paying jobs and fewest working hours. This has sparked concern about a poor composition of job growth. "
• Personal Income and Spending (Friday): Economists estimate that income climbed by 0.4% in June, while spending grew by 0.5%. "Personal Income is expected to see a solid +0.5% gain in June given strong growth in aggregate private sector wages and salaries reported in the June employment situation," said Morgan Stanley's Wieseman. "Personal Consumption is also expected to gain a solid +0.5%, supported by a surge in motor vehicle sales to a six-year high, upside in gasoline consumption reflecting both higher prices and volume, and a slight uptick in ex auto retail sales."
• Factory Orders (Friday): Economists estimate that orders climbed by 2.3% in June.

Market Commentary

Despite the sea of uncertainty on the horizon, J.P. Morgan's Tom Lee is bullish.

"With both U.S. and Europe expected to see better growth in [the second half of 2013], we believe the Street will be in a position to raise 2014E EPS," said Lee about stock market profits. "We are raising 2014E EPS to $120 (vs $117) and also raising our YE 2013E S&P 500 Target to 1775 (up 3.5% vs prior 1715)."

Among other things, Lee is encouraged by the pent-up demand he sees in the U.S.

"As for the U.S. and to a lesser extent for Europe, this is more than ?easing financial conditions? but a story of pent-up demand," he said. "[I]nvestment/durables spending in the U.S. remains at 60-year lows. And at a time when the age of capital- stock is near record highs. This is a formula, in our view, for obsolescence asserting itself in the form of an eventual sharp rise in spending."

We asked Matthew Cheslock, Equity Trader at Virtu Financial, what we should think about when it comes to China, Europe, and the U.S. Watch the video here:

?

Source: http://www.businessinsider.com/monday-scouting-report-july-29-2013-2013-7

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Canada Carbon Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2013) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces that it has closed a non-brokered private placement (the "Private Placement") which raised gross proceeds of $300,000 (the "Gross Proceeds"). Specifically, the Company issued 2,000,000 units ("Units") at $0.15 with each Unit consisting of one common share in the capital of the Company ("Common Share") and one half of one Common Share purchase warrant ("Warrant"), with each whole Warrant being exercisable for the purchase of an additional Common Share for a period of three years from closing at $0.25 per Common Share. In accordance with applicable securities legislation, the securities issued in the Private Placement are subject to a statutory hold period expiring on December 1, 2013.

In connection with the Private Placement, the Company will be paying a cash commission of 8% of the Gross Proceeds, as well as non-transferable compensation units (the "Compensation Units") equal to 10% of the Units sold pursuant to the Private Placement, to Euro Pacific Canada Inc. (the "Agent"). Each Compensation Unit is exercisable by the Agent for a period of 18 months from the closing of the Private Placement at an exercise price of $0.15 per Compensation Unit into units on the same economic terms as the Units.

The Company intends to use the proceeds of the Private Placement for general corporate and working capital purposes. The Private Placement is subject to final approval by the TSX Venture Exchange.

On Behalf of the Board of Directors

CANADA CARBON INC.

R. Bruce Duncan, Interim CEO and Director

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Source: http://www.marketwire.com/mw/release.do?id=1815956&sourceType=3

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Poverty in India declined between 2004 and 2012: Ex Plan Panel member

Former member of the Planning Commission, Bhalchandra Mungekar, has told Business Standard that while poverty being reduced between 2004-05 and 2011-12 was a fact, the minimum estimates used recently to define poverty appeared to be unrealistic and, therefore, questionable.

?Between 2004-05 and 2011-12, the rate of growth was on an average 8.5 per cent per annum.

"It must have benefited people at large. Second, the inclusive policies of the United Progressive Alliance government, particularly the Mahatma Gandhi National Rural Employment Guarantee Act, had provided jobs to 400-450 people per annum at the wage rate ranging from Rs 130-160 per day.

"This had provided additional income to the poor. Third, due to relative scarcity of labour in rural areas due to MGNREGA, overall rural wage rates had increased, resulting in faster reduction of rural poverty, compared with urban poverty.

Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.

These rates of reduction were three times higher than rates at which poverty declined during FY94 and FY05,? said Mungekar.

On the poverty estimates issued by the Planning Commission, Mungekar, who is a Congress member in the Rajya Sabha, termed it a ?routine exercise?.

He said these estimates had been prepared on the basis of the Tendulkar Committee?s

recommendations.

?The committee had added expenditure on health and education in addition to per capita calorie expenditure.

"To estimate poverty for 2011-12 on the basis of National Sample Survey Office data, the Planning Commission took Rs 4,080 as monthly expenditure for a family of five in rural areas and Rs 5,000 in urban areas.

Taking into account the current rate of inflation, this minimum expenditure to define poverty appears to be unrealistic and, therefore, questionable.

But what the Commission has done is, it wanted to see the rate of reduction in poverty between 2004-05 and 2011-12.

On this basis, it found 137 million people crossed the poverty line during the seven-year period,? he added.

Source: http://www.rediff.com/business/report/poverty-in-india-declined-between-2004-and-2012/20130729.htm

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