Weekly Market Review: April 13, 2020

first_imgThe pandemic that has killed more than 115,000 people worldwide in less than 100 days has crippled the oil industry. The global demand for oil was 101 million barrels a day before COVID-19 exploded, a total that may fall 20-30 million barrels a day this month. A series of meetings last week resulted in all the major oil producing countries – the United States, Saudi Arabia, and Russia – each agreeing to reduce its daily crude oil production, theoretically pushing oil prices up to a higher level. The cuts to U.S. oil production, estimated to be 2 million barrels a day, were already happening as a result of the sudden drop in the global demand for crude oil(source: BTN Research).The official unemployment rate in the United States as of 3/31 /20 was 4.4%, representing 7.1 million out-of-work Americans. But the government uses employment data collected only through the 12th of the month to compile the monthly jobless rate. Adding the number of workers who have filed for “first-time” unemployment benefits since 3/12/20 (a 3-week total of 16.8 million) to the 7.1 million individuals who were already out of a job suggests that 24 million Americans may be lacking employment, equal to at least a 14% national jobless rate(source: Department of Labor).Our country’s national debt went over the $24 trillion total last Tuesday 4/07 /20, perhaps a footnote of just minor significance in today’s world. (source: Treasury Department).Notable Numbers for the Week:YOUR LIFE – If you were born in 1987 and you turn age 33 in 2020, you have lived through five bear markets and three recessions, the 1987 “Black Monday” stock market crash on Wall Street, the 9 /11 terrorist attacks, the 2008 global real estate crisis, and now the 2020 pandemic. You have also lived through four bull markets (including the 11-year bull that ended on 2/19/20), four economic expansions and you have benefited from the lowest interest rates in history. Your life expectancy as of today: 47.3 additional years on earth (source: BTN Research, Life expectancy data: https://www.cdc.gov/nchs/data/nvsr/nvsr66/nvsr66_06.pdf.).NOT SMART – 54% of Americans surveyed in February 2020 say that if they inherited $1 million today, they would “spend it” as opposed to paying off debt or investing (source: Charles Schwab Modern Wealth Survey, https://content.schwab.com/web/retail/public/about-schwab/Charles-Schwab-2019-Modern-Wealth-Survey-findings- 0519-9JBP.pdf).HOME GROWN FOOD SUPPLY – The United States imports just 15% of our nation’s overall food supply (source: U.S. Food & Drug Administration).VERY LOW COST- The $349 billion of loans being made to small businesses (companies with less than 500 workers) as part of the CARES Act will be done at a 1% interest rate (source: CARES Act).Presented by:Mark R. Reimet CFPCERTIFIED FINANCIAL PLANNERJodie BoothFINANCIAL PLANNERlast_img read more

Lincoln 1 – 3 Portsmth

first_imgCity barely had a touch in their opponents’ half before going behind inside five minutes. Marquis strode into the Imps box and as the defence backed off, he curled a shot inside Alex Palmer’s left-hand post.TJ Eyoma had to be alert to nick the ball off Marquis’ toe as the striker sensed a second goal a minute later, before Adam Jackson blocked Tom Naylor’s goal-bound shot.Curtis fired an effort narrowly over early in the second half, before Marquis headed in his second goal of the evening in the 50th minute, nodding Marcus Harness’ delightful cross past the despairing dive of Palmer.- Advertisement – John Marquis scored twice as away-day specialists Portsmouth earned a fifth successive win on the road with a 3-1 victory at Lincoln.The former Doncaster striker scored either side of the break, with Ronan Curtis adding a third, as Tom Hopper grabbed a consolation for the Imps, who were well beaten at Sincil Bank.- Advertisement – Palmer had to be strong to keep out Ryan Williams’ drive a minute later, before Harness’ eight-yard effort was deflected narrowly wide.Curtis had an effort superbly saved by Palmer, but then followed up to roll in Portsmouth’s third just past the hour mark.Palmer brilliantly denied Williams, but City pulled a goal back after 72 minutes when Hopper headed in substitute Harry Anderson’s cross.- Advertisement –center_img – Advertisement –last_img read more

WADA ban leaves FIFA with puzzle over Russia and 2022 World Cup

first_imgBy Brian Homewood, Gabrielle Tétrault-FarberLAUSANNE/MOSCOW (Reuters) – Russia’s national team will not be able to play at the 2022 World Cup as an official Russian side following doping sanctions that bar the country from major sporting events for four years, the World Anti-Doping Agency (WADA) said on Monday.However, the ruling leaves open the possibility that Russia could play at the tournament, due to be held in Qatar, on a “neutral basis” — something that has left world soccer’s governing body FIFA facing an unprecedented situation.Russia can take part in qualifying for the 2022 World Cup as normal but it remains unclear how exactly the national team would feature in Qatar if they qualified for the 32-team finals.“If they qualify (for the World Cup), a team representing Russia cannot participate. But if there is a mechanism put in place, then they can apply to participate on a neutral basis, not as representatives of Russia,” Jonathan Taylor, chair of WADA’s compliance review committee, told a news conference. FIFA’s statutes make clear the World Cup is a tournament for its national member associations and teams play on that basis.There is no known precedent for a team competing at the World Cup which does not represent a national FIFA member association or feature the name of their country.Taylor said FIFA had the option of putting in place such a mechanism and that it would allow clean Russian athletes or players to apply to compete as neutrals. “It will be for FIFA to implement, but they will have to do so in conjunction with WADA,” Taylor said. “But there will be no flag or anthem.”A spokesperson for FIFA said it had asked WADA and the Association of Summer Olympic International Federations (ASOIF) to clarify how the ban affected Russia’s football teams. If Russia’s anti-doping agency (RUSADA) appeals the punishment, the case will be referred to the Court of Arbitration for Sport.The sanctions against Russia, which staged the 2018 soccer World Cup, also bar it from hosting major sporting events or applying to host new events for a four-year period.But the ruling does not affect St Petersburg, which is hosting some of the pan-continental Euro 2020 games and the 2021 Champions League final.WADA said those matches were not multi-sport major events or world championships but regional/continental single-sport events.” European soccer governing body UEFA said it had no comment.last_img read more

Trojans basketball is on the right path

first_imgAs it seems to every year, March Madness took the absurdity to an even higher level. Last year’s first weekend of hard-fought battles and buzzer-beaters was trumped by double-digit comebacks in less than 60 seconds and tip-ins and bank shots galore. USC had the privilege of joining in on the madness this season, facing off against Providence in a closely contested game that the Trojans unfortunately lost at the buzzer.USC had countless opportunities to put the game away, but its youth and inexperience took over and cost them a matchup with the North Carolina Tar Heels in the second round. That’s the beauty and agony of March, all rolled into one game. USC’s season seemingly ended at least one game prematurely, but hopefully it gives them the drive to make the necessary improvements in the offseason that will propel them beyond the first round next year.The Trojan team surprised everyone this season by even making it into the tournament, showing up a few years ahead of schedule. They were young and fast and flashed glimpses of immense potential throughout the season. Unfortunately, those glimpses were far too infrequent against Providence.However, if the rest of March has demonstrated anything, it is that the way to build a contender in college basketball is not through the one-and-done process. Unless your coach is named Krzyzewski or Calipari, your program is generally better off avoiding these short-lived prospects and developing highly talented recruits into multi-year contributors.That seems to be the model that USC is working on, even in the face of a few transfers that might hurt depth, and it’s the best way to build a perennial contender. One only has to look across town to see the detrimental effects of building a program around highly touted, but transient, recruits.UCLA has lost two talented freshmen to the draft the last two years, leaving their current talent base diminished and overly reliant on Bryce Alford. While they were able to recruit other elite prospects, like Jonah Bolden, for the most part their hopes were pinned on Zach LaVine and Kevon Looney.In contrast, USC has retained all of its significant talent, developing players like junior guard Julian Jacobs and sophomore guard Jordan McLaughlin into stalwarts, who both still have eligibility left to further contribute to the Trojan program. Now, if freshman forwards Bennie Boatwright and Chimezie Metu both return for their sophomore years — which would be the prudent decision to make — they will be able to further bolster their skill sets as well.This is the model for a successful program. Oklahoma, Villanova, North Carolina, and Virginia are all well-coached teams that have a strong depth chart and veteran leadership. That is what USC should aspire to be like. They are well on their way, and with another talented recruiting class coming in, head coach Andy Enfield can solidify the system and help USC leap to the elite tier of the Pac-12.The Trojans need to smooth out their rough edges. They need to improve on defense, particularly in the interior. A full offseason regimen of training and eating at the college level will surely help Metu pack on the requisite weight necessary to be a dominant anchor for an entire season. Working on flexibility and leg strength will help Boatwright be more physical on the low block, complementing his excellent perimeter game and sending his draft stock soaring even higher.The Trojans will be aided by the addition of two talented guards in De’Anthony Melton and Jonah Mathews, in addition to the transfer of former Louisville guard Shaqquan Aaron. The perimeter will continue to be a source of strength for USC, with these additions and the return of most of their core intact.It is the paint where experience and improvement will help the Trojans the most. The Trojans are buoyed by the commitment of 6-foot-10 forward Harrison Henderson, but he is still very thin and needs to bulk up to make a season-long impact in the Pac-12. The hopes of a vastly improved 2016-2017 basketball program will rest on the shoulders of the returning post players.That is how programs like Oklahoma and Villanova have steadily improved each year, and hopefully the Trojans can follow suit. They have the facilities, the resources and now finally, the players to make it happen. This March was insane, but next year’s will be even wilder if the Trojans have the interior presence to make it into April.Jake Davidson is a junior majoring in accounting. His column, “Davidson’s Direction,” runs Mondays.last_img read more

Wellington Police Notes: Thursday, July 17, 2014

first_imgWellington Police Notes for Thursday, July 17, 2014•8:24 a.m. Officers investigated a battery of a known suspect in the 300 block N. C, Wellington.•10 a.m. Officers investigated Impairing a security interest in the 200 block E. Harvey, Wellington.•7:59 p.m. Officers investigated a theft of currency and medication in the 400 block S. C, Wellington.last_img

Egypt’s Salah favourite to complete awards hat-trick

first_imgShare on: WhatsApp Accra, Ghana | AFP | Liverpool star Mohamed Salah hopes to add the African Player of the Year award in Ghana Thursday to his rapidly expanding collection of individual honours.The Egyptian, scorer of 23 goals in all competitions midway through his first season at Anfield, has been voted BBC African Footballer of the Year and Arab Player of the Year.Salah, Liverpool team-mate Sadio Mane of Senegal and Pierre-Emerick Aubameyang of Borussia Dortmund and Gabon are the contenders for the highest African individual football honour.The scoring feats of Salah have installed him as the public and media favourite to succeed Algerian Riyad Mahrez of Leicester City as the number one African footballer.“I want to be the best Egyptian footballer ever,” said Salah after receiving the BBC award last month.“When I came to Liverpool I hoped to show everyone my abilities. I scored a lot of goals with Roma and am very happy being successful at Liverpool.”Salah also starred for Egypt, scoring five of the goals that qualified his country for the 2018 World Cup in Russia after a 28-year absence from the global showpiece.Mane will also be in Russia next June, adding abundant creativity to a physically formidable Senegal side.Gabon did not qualify and Aubameyang shunned several World Cup call-ups, a fact that could count against him.Salah and Mane will leave Accra soon after the awards ceremony as Liverpool have a Friday night FA Cup third-round derby date with Everton.However, Liverpool manager Jurgen Klopp did not hesitate to release his African duo for the Accra ceremony, which will include six other awards.“It is a sign of respect,” he told reporters in Liverpool. “We sleep in a hotel and they sleep in a plane. That is the only difference.”Salah is a doubt for the Merseyside showdown, though, having missed the English Premier League victory at Burnley this week owing to a groin strain.Should Salah be named Player of the Year, he will be only the second Egyptian after 1983 winner Mahmoud al Khatib to hoist the symbol of individual brilliance.It would be the first time since 1986 that north Africans have won successive editions of the poll, which this year involved national coaches, journalists, officials and the public.Morocco midfielder Mohamed Timoumi was the 1985 winner, followed by compatriot Badou Zaki, one of two goalkeepers to be voted the best African footballer.Footballers from the west of the continent have dominated recently with Samuel Eto’o of Cameroon and Yaya Toure of the Ivory Coast each winning four times.While Salah has made the top three for the first time, prolific Bundesliga scorer Aubameyang finished first once and second twice in the past three award ceremonies.Mane came third last season, but his valuable input for Liverpool has been overshadowed by Salah, second in the Premier League scorers’ charts behind Harry Kane of Tottenham Hotspur. Contenders for 2017 Confederation of African football awards, which will be presented at a ceremony in Ghana Thursday (alphabetical order):Player of the YearPierre-Emerick Aubameyang (GAB, Borussia Dortmund/GER), Sadio Mane (SEN, Liverpool/ENG), Mohamed Salah (EGY, Liverpool)Women’s Player of the YearChrestina Kgatlana (RSA, UWC Ladies), Gabrielle Aboudi Onguene (CMR, CSKA Moscow/RUS), Asisat Oshoala (NGR, Dalian Quanjian/CHN)Youth Player of the YearPatson Daka (ZAM, Liefering/AUT), Krepin Diatta (SEN, Sarpsborg/NOR), Salam Giddou (MLI, Guidars)Coach of the YearHussein Amoutta (Wydad Casablanca/MAR), Hector Cuper (EGY), Gernot Rohr (NGR)Club of the YearAl Ahly (EGY), TP Mazembe (COD), Wydad CasablancaNational Team of the YearCameroon, Egypt, NigeriaWomen’s National Team of the YearGhana U-20, Nigeria U-20, South Africalast_img read more