Better of Teller 2021: Hidden Gems – Arts, Leisure & Recreation | Pikes Peak Courier


Reserve our gallery

400 W. Midland Ave., Woodland Park. 719-401-2301,

There are many wondrous moments in the Reserve Our Gallery in Woodland Park. Opened by Gayle Gross in spring 2021, the gallery is an artistic adventure with local artists as tour guides.

The journey can be through the Garden of the Gods, along rivers, lakes and forests, with each painting glorifying the beauty of Colorado. Gross designed the gallery with eye-catching groups. In one corner she has paired murals by Amy Spring with similar forest scenes by Denise Nelson.

In addition to paintings, the gallery shows ceramics, jewelry and mixed media works. In a very short time, Gross has turned her gallery into a community meeting place. “People say they feel good here, relaxed and peaceful with the art and music,” she said.

– Pat Hill

Fall in love again (with art)

Cripple Creek Art Alliance Events at Cripple Creek Heritage Center, 9283 S. Colorado 67, Cripple Creek, 719-689-3315,

As we are moving into a new normal after a multi-year pandemic, the Cripple Creek Art Alliance has one piece of advice: try art again – in person. The group is made up of artists in the Pikes Peak area but focuses on artwork in the Cripple Creek area, especially at many events at the Cripple Creek Heritage Center. The work includes drawing, watercolor, acrylic jewelry, ceramics, and photography. The Alliance held their first Memorial Day Art Show to announce that personal art is back. It previously hosted art exhibitions on Facebook and even hosted online art sales.

– Chhun sun.

Bitcoin is theory, not cash, and facilitates monetary crime, peak central financial institution warns

Bitcoin is not money – it is a speculative asset that can be used by organized crime to launder money and launch ransomware attacks, says the world’s leading organization of central banks.

Important points:

  • According to BIS, cryptocurrencies are fragmenting currency systems in a negative way
  • It urges central banks to consider issuing digital currencies to their citizens
  • It is said that it is important to maintain public confidence in monetary institutions

It has urged central banks like the Reserve Bank of Australia (RBA) to develop their own digital currencies to meet the needs of citizens drawn to cryptocurrencies.

The Bank for International Settlements (BIS) has published a scathing review of cryptocurrencies, stating that their growing popularity is a problem for the global financial system.

Report in digital currencies

In a new report on digital currencies, the BIS encouraged the growth of ‘central bank digital currencies’ (CBDCs), saying that, in digital form, they deliver the benefits of central bank money – integrity, liquidity and settlement accuracy – while maintaining public confidence in the monetary system.

However, she cautioned that the landscape is changing rapidly, with interest in alternative forms of currency growing.


“It is now clear that cryptocurrencies are more speculative assets than money and are used in many cases to facilitate money laundering, ransomware attacks and other financial crimes,” it said.

“Bitcoin in particular has few redeeming properties of public interest when one takes into account its wasteful energy footprint.”

Stablecoins and Big Tech

The BIS said other developments are contributing to the changing currency landscape.

Behind ‘DeFi’ and the technology behind Bitcoin

Large companies are exploring blockchain technology as investors prefer “decentralized finance” that lawyers and bankers can lose their jobs.

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“Stablecoins” and the entry of large technology companies (Big Techs) into payment and financial services were highlighted.

It warned stablecoins – which are supposedly pegged to a national currency like the U.S. dollar to reduce volatility – have their own problems.

“Stablecoins try to import credibility by being backed by real currencies. As such, these are only as good as the governance behind the promise of support, ”the report says.

“They also have the potential to fragment the liquidity of the monetary system and undermine the role of money as a coordination tool.

“As far as the alleged backing is conventional money, stablecoins are ultimately only an appendage of the conventional monetary system and not a game changer.”

Behind the bitcoin frenzy

Bitcoin and cryptocurrency prices have soared to dizzying heights since their inception amid the global financial crisis. We explain what drives this, along with the pros and cons.

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It warned that big tech’s entry into financial services could be a big problem.

It is said that the amount of data big tech companies have about their customers could be used to further strengthen their power in advancing into financial services by pulling data from their existing businesses into ecommerce, messaging, social Use media or search to give them a competitive edge.

“The availability of vast amounts of user data poses another major problem – that of data governance,” the report said.

“Apart from the economic consequences, securing privacy against unjustified interference by both commercial and state actors has the attributes of a fundamental right.

“For these reasons, the topic of data governance has become a central concern of public policy.

“When US consumers were asked in a representative survey who they trust to protect their personal data, the respondents said that they trust big tech the least,” it says.

RBA is already experimenting

In November, the RBA announced It partnered with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software (a blockchain technology company) to explore the potential use of a wholesale form of central bank digital currency (CBDC).

It wanted to test how a CBDC could be used by wholesale market participants (i.e. other banks) to fund, settle and repay loans between the RBA and among themselves.

It is expected to publish a report on its pilot project within weeks.

However, the BIS said that while wholesale CBDCs were worthwhile innovations, if central banks offered digital currencies to retail customers it would be a “wider innovation”.

The retail CBDCs would have modified the conventional two tier monetary system by making digital money from central banks available to the public, just as cash was available to the public as a direct claim to the central bank.

Central bank digital currencies chart for retail customers

“There are two flavors of retail CBDCs,” the BIS report said.

“One option is a cash-like design that enables so-called token-based access and anonymity for payments. This option would allow individual users to access the CBDC based on a password-like digital signature using private public key cryptography without the need for personal identification.

“The other approach is based on verifying the identity of the users (‘account-based access’) and would be rooted in a digital identity scheme.

“This second approach is more compatible with monitoring illegal activity in a payment system and would not preclude privacy: by properly designing the payment authentication process, personal transaction data could be protected from commercial parties and even government authorities.”

History of the BIS

The Bank for International Settlements was founded in 1930 by an intergovernmental agreement between the United States, Great Britain, Switzerland, France and Germany.

Its original purpose was to facilitate the World War I reparations imposed on Germany by the Treaty of Versailles, but it turned into a meeting of central banks around the world.

Today it is commonly known as the Central Bank of Central Banks as it provides banking services to central banks around the world.


U.S. air journey reaches pandemic excessive as peak season kicks off

Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Orlando International Airport on the Friday before Memorial Day. As more people get the COVID-19 vaccine, the American Automobile Association (AAA) predicts that more than 37 million Americans will travel more than 80 miles this Memorial Day weekend, many for the first time since the pandemic began .

Paul Hennessy | LightRakete | Getty Images

The number of air travelers reached its highest level since Coronavirus pandemic began during Memorial Day weekend, the latest sign of recovery for the sector.

The Transportation Security Administration checked an average of 1.78 million people Friday through Monday, hitting a high of 1.96 million on Friday. Those volumes are more than six times higher than a year ago, but still 22% below Memorial Day weekend in 2019.

The rise in travelers is driving them Price for the vacation, including airfare, hotel prices, and rental car prices. Domestic leisure tariffs are nearby 2019 levelsAirlines have said.

International Browser Video games Market Report 2021: Main Gamers Embrace King Digital Leisure, NCSOFT, GungHo On-line, Zynga, Tencent, Microsoft, Activision Blizzard Inc., Sega, Sony and Peak Video games

The “Browser Games Global Market Report 2021: COVID-19 Impact and Recovery by 2030” Report was added Offer.

Major players in the browser games market are King Digital Entertainment, NCSOFT, GungHo Online, Zynga, Tencent, Microsoft, Activision Blizzard Inc., Sega, Sony Corporation and Peak Games.

The global browser games market is projected to grow from $ 23.81 billion in 2020 to $ 24.99 billion in 2021, with an average annual growth rate (CAGR) of 5%.

The market is projected to reach $ 34.47 billion in 2025 with an annual growth rate of 8%.

The rapid increase in the number of active players around the world is driving the browser game market. According to the League of Betting, the number of online gamblers is projected to reach 1 billion by 2024, up from 877 million in 2020. According to the online gaming report as of 2019, gamers play an average of seven hours and seven minutes a week, but younger gamers spend a lot more time playing games, while 26- to 35-year-olds play 8 hours 12 minutes a week.

Germany and the United States were linked with the highest number of players playing for more than 20 hours at 11.6% per week. Hence, the rapid increase in the number of active players around the world is expected to drive the browser game market.

Player frustration from slow downloads is the main limiting factor in the browser game market. The time it takes to download games has been reported as the world’s biggest problem. 33.8 percent said this is the main problem.

Seasoned gamers are most concerned about download speed. Over 41% of ambitious professionals and experts indicate that experienced gamers are more likely to play more complex games that require larger downloads. The download performance affects their games more from experience.

According to the 2019 Online Gaming Report, frustration with download speed is highest in the US, where 39.4% of gamers register sluggish downloads as a primary concern. Hence, the frustration of gamers from slow downloads is expected to hamper the growth of the browser game market.

The story goes on

The browser games market covered in this report is divided into cellphone games, pay-to-play games, free-to-play games, pay-in-play games by type, and by end-users in smartphone and tablet, PC, TV, etc. divided.

Companies in the browser gaming market are focusing on technologies like Augmented Reality (AR) and Virtual Reality (VR) to improve the gaming experience and offer better products. Industry experts expect VR / AR games to get a big boost in 2019 and headset prices to become more affordable for an even more immersive gaming experience. Many popular games are likely to incorporate VR and IR.

Stormland, which was released in 2019, is an open world shooter. It has some great features like reloading and updating that use VR technology in very creative ways. It also includes a play area that has been procedurally created to ensure that each playthrough is different.

Pokemon GO is probably the most popular augmented reality game and is expected to release some new updates in 2019 to ensure it stays strong for a while. Niantic Labs, developer of the Pokemon Go game, has already raised $ 225 million in the company’s funding round and is now focused on developing more AR-based games.

In September 2020, Microsoft Corporation, a US-based technology company, acquired ZeniMax Media for $ 7.5 billion in cash. With this acquisition, Microsoft will grow from 15 to 23 creative studio teams and add Bethesda’s franchise to Xbox Game Pass. ZeniMax Media, an American video game holding company based in Rockville, Maryland.

Main topics covered:

1. Summary

2. Market characteristics of browser games

3. Market trends and strategies for browser games

4. Effects of COVID-19 on browser games

5. Browser Games Market Size and Growth

5.1. Historic Global Browser Games Market, 2015-2020, Billion US Dollars

5.1.1. Driver of the market

5.1.2. Restrictions in the market

5.2. Global Browser Games Market Forecast, 2020-2025F, 2030F, Billion US Dollars

5.2.1. Driver of the market

5.2.2. Restrictions in the market

6. Market segmentation for browser games

6.1. Global Browser Games Market, Segmentation By Type, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

  • Mobile games

  • Pay-to-play games

  • Free games

  • Pay-in-play games

6.2. Global Browser Games Market, Segmentation By End User, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

  • Smartphone and tablet

  • Pc

  • TV

  • Other

6.3. Global Browser Games Market, Segmentation By Operating System, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

7. Browser games Market regional and country analysis

7.1. Global Browser Games Market Split by Regions, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

7.2. Global Browser Games Market Split by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

Mentioned companies

For more information on this report, see

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Jim Cramer slams market peak discuss, says economic system is at begin of recent cycle

CNBC’s Jim Cramer pointed out on Monday that retail investors ignore talk of a potential market spike when the economy is in recovery mode.

“With all the manual work about how good this is for the market, today’s campaign has shown that there is no high point to be seen.”Bad money“said the host.” If you can’t imagine the economy getting much, much stronger, the problem is entirely up to you. “

The comments come after the S&P 500 closed with a new record of 4,187.62, an increase of 0.2%. The tech heavy Nasdaq Composite rose 0.9% to 14,138.78 for the first record close in more than two months.

The Dow Jones industry average was the only decline in the major indices, falling about 0.2% to 33,981.57. The index is within 1% of its highs more than a week ago.

“You could see the money flowing out of the grocery, drug and packaged goods stores and going straight into the cyclicals today,” Cramer said. “That tells you that the market found out and disproved all of this top-notch talk.”

Cramer noted that money managers would ditch cyclical stocks or names that would outperform during periods of expansion when the market actually neared a high. However, Americans are expected to spend more on travel and entertainment as the country reopens fully and pulls away from the downturn caused by the pandemic.

This may explain the increase in the cinema operator’s stock holdings AMC, Elevator company Otis worldwide and steel manufacturers Cleveland cliffsCramer pointed out that his shares were up 13.2%, 7% and 5.3% respectively on Monday.

“This is the beginning of a new cycle, not the end that all automakers can benefit from,” he said.

Why market’s manic strikes on Fed, inflation might not peak till summer time

Last week’s market action was another example of a push-and-pull between stocks, bonds, and the Federal Reserve that investors should expect more of over the course of 2021. Indeed, there is reason to believe that the battle for bond yields and inflation has hit stocks, investors may not peak until the summer.

The Dow Jones industry average hit another new entry last week – and Dow futures were strong on Sunday – as some of the sectors, including financial and industrial sectors, advocated a move away from growth and received further support from the new round of federal incentives, while the latest inflation figure was below estimates. The Nasdaq bounced back sharply and beaten up, great 2020 success stories like Tesla collected. Investors looking for the all-clear signal got no signal, however, as the tech sold out towards the end of the week and ten-year government bond yields hit a one-year high on Friday.

The Fed meeting on Tuesday and Wednesday of this week may Drive action on yields and growth stocksWith Fed chairman Jerome Powell expecting to maintain his cautious stance, some bond and stock market experts look a little further out from May to July to find a key position for investors. One key data point supports this view: inflation is projected to hit a year-long high in May and see a dramatic increase.

Federal Reserve Chairman Jerome Powell speaks during a House Select subcommittee on the coronavirus crisis hearing on September 23, 2020 in Washington, DC, United States.

Stefani Reynolds | Reuters

Action Economics predicts that consumer price index (CPI) gains will peak in May at 3.7% for the headline and 2.3% for core inflation. That shouldn’t come as a surprise. With the US celebrating its one-year anniversary since the pandemic began, it is the May-May comparison that captures the stalemate that hit the country last spring and is now used to add to inflationary pressures in May.

But even if that happens, the steep rise in inflation in the months ahead is likely to heighten investor concerns that the Fed is still underestimating the risks of upward inflation. It is only a matter of time before the economy is fully open and economic expansion occurs at a rate that drives inflation and interest rates high.

A worldly shift in interest rates and inflation

On Wall Street the belief is growing that one The era of low interest rates and low inflation is coming to an endand that a fundamental change is coming.

“We have had a very docile phase of interest and inflation and that is over,” said Lew Altfest of New York-based Altfest Personal Wealth Management. “The bottom has been set, and rates will rise again there, and inflation will rise too, but not as dramatically.”

“Speed ​​is what worries investors most,” said CFRA chief investment strategist Sam Stovall. “There will of course be an increase in inflation and we have been spoiled because it has been below two percent for many years.”

The inflation rate averaged 3.5% since 1950.

This week’s FOMC meeting will focus investors on what is known as the “scatter chart” – members’ prospects of when short-term rates are going to rise, and this may not change much, even if their members do not have as many members Members must switch views in order to move the median. But it’s the summer when the market will push the Fed on a higher inflation rate.

“It’s a pretty good bet that higher inflation, higher GDP and tightening are on the horizon,” said Mike Englund, chief executive officer and chief economist for action economics. “Powell won’t want to talk about it, but this sets the table for this summer discussion as inflation is peaking and the Fed gives no reason.”

Commodities and real estate prices

Action Economics now predicts that inflation growth will be moderate in the third and fourth quarters and that interest rates will average around 1.50% in the third and fourth quarters, taking into account movements in the CPI. But Englund is concerned.

“How reluctant is the Fed really,” he asked. “The Fed hasn’t had to put its money where its mouth is and say interest rates will stay low. … Perhaps the real risk is the second half of this year and a shift in rhetoric.”

Some of the year-over-year comparisons of inflation numbers, such as commodities plummeting last year, are to be expected.

“We know people will try to explain it as a comparative effect,” says Englund.

However, there are signs of sustained gains and a rise in residential property prices across various commodity sectors, which is not measured as part of core inflation but rather an economic impact of inflationary conditions. There are currently a record low supply of existing properties for sale.

These are inflationary pressures that make the June-July FOMC meeting and the biannual Congressional Monetary Policy Testimony on Capitol Hill the potentially more momentous Fed moments for the market.

As housing affordability falls and commodity prices rise, it will be harder to tell the public that there is no inflation problem. “It can fall on deaf ears in the summer when the Fed goes before Congress,” said Englund.

Altfest is reacting to real estate inflation in its investment outlook. His company sets up a residential real estate fund because it benefits from an inflationary environment. “Volatility in stocks will persist in the face of strong pluses and minuses, and hide in the private market, with an emphasis on cash returns rather than prices on a volatile stock market, which is comforting to people,” he said.

Investor sentiment amid impetus

History shows that as rates rise and inflation increases with economic activity, companies can pass price increases on to customers. Last week, investors were delighted to be able to tie four consecutive days of earnings together. According to Stovall, however, stock market investors were also spoiled by the strong performance of the shares. While the trajectory is still higher, the angle of ascent has decreased.

“If there was a guarantee that inflation and interest rates would only rise in the short term, and as we move past the second quarter, which looks drastically stronger than 2020, a guarantee for the second half of the year would bring inflation and interest rates down , investors don’t. ” be concerned, “he said.

However, economic growth could force the Fed to raise short-term interest rates faster than expected.

“That contributes to the agita,” said Stovall.

Altfest customers are split between the manic “Biden cops”, who see a time like the Roaring 20s ahead of them, and the depressed ones, the “Grantham bears”.

He says either can be right. Interest rates can continue to rise and corporate profits rise at the same time. More profits mean a better stock market, while higher interest rates put pressure on value for money and offer more opportunities.

For bonds to be a true competitor to stocks, interest rates must be above 3%, and by the time the market gets close to that, the bond market’s impact on stocks will be dwarfed by economic growth potential and the outlook for corporate earnings, according to Altfest. Value remains much cheaper than growth, even if these stocks and sectors have rallied since the fourth quarter of last year. However, it is more focused on foreign stocks, which are benefiting from increased global economic demand and have not moved as fast as the US market.

Stock sectors that work

For many investors, there may not be enough confidence to add stocks significantly as we near the Wall Street summer period when we sell and go in May. But there will also be more money on the sidelines that could flow into stock prices relatively soon, including stimulus payments to Americans who don’t need the money to cover daily expenses, and this could help prop up stock prices in the short term, said Stovall.

The attraction of reaching many Americans with urgent financial needs and including one of the greatest poverty reduction legislative efforts in decades, it has also reached many Americans with stimulus payments that brought it to market and increased savings. The country’s savings rate is at its highest level since World War II, and disposable income has seen its biggest gain in 14 years at 7%, doubling its 2019 profit. “And that was a boom year,” said Englund.

The “sale in May” theory is a misnomer. According to CFRA data, the average change in the price of stocks over the May to October period is better than the return on World War II cash, and 63% of stocks rose over the period. “If you’ve got a 50:50 chance and the average return is better than cash, why are there tax consequences of selling,” asked Stovall. “That’s why I always say that you are better off turning than pulling back.”

And for now, the stock market has been working through the rotation in value and out of technology for investors, although last week’s Nasdaq gains suggested investors there are looking for signs of stabilization. Industry performance since the S&P 500’s last correction in September 2020 shows that the top performing parts of the market have been energy, finance, materials and industrials.

“The very sectors that do best in a steeper yield curve environment,” said Stovall. “As the Fed continues to try not to hike rates, these are the sectors that are doing well.”

Investors who have already counted this market have proven wrong, and investors rarely give up on a trend that is working. Because of this, Stovall’s view remains “rotate rather than retreat” and make more money in value and out of growth as stock market investors continue to stick with companies operating in steeper yield curve environments.

He also pointed out a technical factor to watch before summer. On average, there is a 283 day period between S&P 500 declines of 5% or more, dating back to World War II. It’s been 190 days as of last week, which means the market isn’t “really due” for another 90 days – or in other words, the beginning of summer.

By the summer, the anecdotal evidence of prices will work against the Fed. A faster pace of recovery overseas, for example in the European economy, which has lagged behind the US, could also accelerate global demand and commodity markets.

For both inflation and the stock outlook, investors face a similar problem in the coming months: “You never know you will be at the top until you start the downward trend,” said Englund.