Uncertain Senate outcome could mean more volatility, say economists

first_imgu.s. election iStock Related news Mark Burgess The U.S. election outcome is clearer, but investors should expect volatility in the coming months as Senate control remains up for grabs, potentially affecting bond yields, fiscal stimulus and other policies.President-elect Joe Biden won’t take office until Jan. 20, and with a Senate majority at stake in a pair of Georgia runoff elections that month, “market participants should expect considerable volatility,” said a report by Derek Holt, head of Scotiabank Capital Markets Economics. The Georgia Senate seats will determine whether Biden faces a “blue light” scenario, with a split Congress, or a Democratic “blue wave” in Washington, said the report.“A blue light scenario would probably be ideal to bonds and equities together because it would reduce trade policy uncertainty at least for a time, while offering modest fiscal stimulus instead of more aggressive action that could put upward pressure on Treasury yields,” the report said.“It could also check some policies that may adversely impact specific equity sectors.”A Democratic Congress and White House, on the other hand, could see broader fiscal spending that drives faster growth and steepens the yield curve.“Clearly there remains much at stake, which merits high caution surrounding forecasts for Treasury yields, stocks and other market variables,” the report said.Rather than the US$2-trillion stimulus bill House Democrats passed before the election that failed to make it through the Senate, a report from CIBC Economics said a bill worth US$1 trillion to US$1.5 trillion could be approved in December or early in the 2021 congressional session.Even with a divided government, the U.S. government is likely to run large deficits, the report from economists Avery Shenfeld and Katherine Judge said. That would put “upward pressure on bond yields as an improving economy allows the Fed to ease off on QE buying and, by 2023, begins to raise short rates,” the report said.The climb will be gradual, with rates remaining historically low and governments borrowing without amassing onerous debt service bills, the report said.For Canada, the most important election impact could be a more co-ordinated effort to combat the Covid-19 pandemic, which would improve growth prospects for Canada’s largest export market, CIBC stated. Other factors for the Canadian economy are U.S. corporate tax and immigration policies.Biden pledged to roll back the corporate tax cuts enacted under President Donald Trump, but a Republican Senate could limit tax policy, the CIBC report said. Still, Canadian governments facing growing deficits and debts from pandemic spending could “see room to hike businesstax rates or alter depreciation provisions here should the U.S. move that way.”U.S. immigration policy under Biden could also present a challenge to Canada’s efforts to attract skilled workers, the report stated, if he lifts Trump’s restrictions on visas. Household debt-to-income ratio fell in first quarter: Statscan Share this article and your comments with peers on social media Leading indicators signal steady rebound: OECD Another jump in prices tightens the squeeze on U.S. consumers Keywords U.S.,  Economic indicators Facebook LinkedIn Twitterlast_img read more

Being No. 1 (and not TW) rarely leads to major wins

first_imgDustin Johnson’s victory at last week’s FedEx St. Jude Classic returned him to the No. 1 spot in the world rankings, a position he relinquished to Justin Thomas after The Players Championship. It also gives him a chance to accomplish something at the U.S. Open he wasn’t able to do the last time he was No. 1, something only four other players have been able to do. He will try to become the fifth player to win a major championship as the No. 1 player in the world. In the 32-year history of the Official World Golf Ranking only Ian Woosnam, Fred Couples, Tiger Woods and Rory McIlroy have won major championships while on top. Woods did it 11 times, the others one time each for a total of 14 major victories by a world No. 1. There have been 129 majors since the advent of the ranking, meaning the top player in the world has won 10.8 percent of the majors played. If you take Woods out of the equation – Tiger won 11 of 55 majors held while he was No. 1 – the leader of the world ranking has won three of 77 majors.  That’s such a stunning sentence that it bears repeating. When the No. 1 player in the world is not named Tiger Woods, he has won three times in 77 majors. We’ll try to explain that staggering number as we take a trip through the history of the ranking. And after we do, we will also explain why this summer just might provide us with the first No. 1 player to win a major since McIlroy at the 2014 PGA Championship. A little background: The OWGR was launched prior to the 1986 Masters, the impetus coming from The R & A, which was looking for a way to properly invite qualified players to the Open Championship, and with a boost from IMG’s Mark McCormack, who published a ranking system in his year-end annual. Bernhard Langer was the first No. 1 player and when he finished T-16 in the 1986 Masters, he became the first No. 1 who failed to win a major. Less than a month later, Seve Ballesteros took over the top spot from Langer and proceeded to finish no better than T-6 in the three majors in which he was world No. 1. Then came Greg Norman, who was 0-for-7 with one “did not play” in his eight majors, the first time he was the lead Shark. Ballesteros and Norman traded places atop the ranking two more times. None would win a major in that span. It wasn’t until Woosnam won the 1991 Masters, the 21st major played after the ranking was launched, that the No. 1 player in the world was victorious. A year later, Couples won the Masters as world No. 1. For the remainder of the century, no top-ranked player would win a major championship. Players who have won a major while ranked No. 1 in the world Masters Tournament U.S. Open Open Championship PGA Championship Ian Woosnam, 1991 Tiger Woods, 2000 Tiger Woods, 2000 Tiger Woods, 2000 Fred Couples, 1992 Tiger Woods, 2002 Tiger Woods, 2005 Tiger Woods, 2006 Tiger Woods, 2001 Tiger Woods, 2004 Tiger Woods, 2006 Tiger Woods, 2007 Tiger Woods 2002     Rory McIlroy, 2014 Naturally, Woods broke the streak, and did so with a vengeance. Woods moved to No. 1 in the world for the first time in June 1997. He didn’t win any of the first eight majors played while he was No. 1, breaking through for the first time at the 2000 U.S. Open. He would win the next three majors to complete the Tiger Slam. As we stated earlier, Woods was No. 1 for 55 majors. He won 11 of them. The last of his victories was also the last time the No. 1 player in the world won the U.S. Open. Playing despite damage to the anterior cruciate ligament in his left knee and with two stress fractures in his left tibia, Woods beat Rocco Mediate in a 91-hole grind at Torrey Pines in June 2008.  Since then, the world No. 1 has won just one of 39 majors – McIlroy at Kiawah Island in ’14. So, why doesn’t the best player in the world win more majors?     The easiest answer is: Winning is hard, for everyone. The difference between the best player and the 10th-best player in the world is minimal. It’s not much more between No. 1 and No. 50. Want proof? Look at how many “upsets” occur at the WGC-Dell Technologies Match Play. But let’s not use a tournament where the vagaries of match play prove this point. Let’s use scoring average instead. In this age of modern statistical analysis scoring average might seem archaic, but it is the end result of every other statistic. Johnson was the No. 1 player in the world rankings at the end of the 2017 season. He was seventh on the PGA Tour in scoring average at 69.55. There was a one-stroke difference between Johnson and the 52nd player on Tour in scoring average (Seamus Power). That’s pretty small. It’s the difference between one player knocking in a 20-foot putt and another coming up one roll short. It’s the difference between one player getting a lucky bounce off the slope onto a green, while the other gets a bounce into a bunker. It’s the difference between … well, you get the idea. For certain, Johnson and Power played different tournaments with different strength of fields. Johnson played The Open the same week Power played the Barbasol Championship. But quite a few players who ranked between Johnson and Power in scoring average also played in The Open, and would you believe that 24 of those players finished better than Johnson at Royal Birkdale? Sure you believe it, because on any given week every one of those players can be just as good as DJ. In fact, the winner that week, Jordan Spieth, actually led the Tour in scoring average. And Spieth, with the lowest scoring average on the PGA Tour, won just three of the 23 Tour events (13 percent) he played last year. Johnson, the world No. 1, won four times in 20 starts (20 percent); although he wasn’t No. 1 for all of them. Those are good percentages. Actually, they’re stellar percentages. Winning 20 percent of your tournaments is really, really good. Rickie Fowler was second in scoring average and ended 2017 ranked seventh in the world. He won one time in 21 starts on Tour. Paul Casey – fifth in scoring and 14th on the year-end ranking – didn’t win at all on Tour. In the 21 years since Woods first became the world’s No. 1 player, the top-ranked player has played in 417 PGA Tour events. He has won 91 times, or 21.8 percent. Of course, Woods accounts for most of those victories. If you eliminate his 68 wins in 249 starts, you are left with 23 wins by the world No. 1 in 168 starts (13.7 percent). That’s all Tour events. When the No. 1 player in the world is not named Tiger Woods and he plays on the PGA Tour, he wins less than 14 percent of the time. If it’s that hard for the world No. 1 to win in Hartford or Houston or Honolulu, it must mean that … Winning majors is harder. Major fields are strong and deep, with all four of them inviting at least the top 50 players in the world. The top 10 players in the world rarely appear in the same event unless it’s a major championship. It reasonable to believe that if the top player wins just 14 percent of the time in which he plays a regular event, with less than half the top 10 or top 50 present, it would be twice as hard to win a major with every star in the field hungry for one of the game’s four most important championships. In fact, while the world No. 1 has only won 14 majors, players ranked No. 2 through No. 5 have won 27 times: No. 2: 7 major wins No. 3: 9 major wins No. 4: 5 major wins No. 5: 6 major wins Four players even moved from No. 2 to No. 1 after winning a major. They were Nick Faldo at the 1992 Open Championship, Nick Price at the 1994 PGA, and Woods at the 1999 PGA and the 2005 Masters. Which brings us to our next point. The No. 1 player on the world ranking is not necessarily the best player in the world. There is a difference. Take Price, for example. He moved to No. 1 after winning the ‘94 PGA Championship, but there’s no question he was already the best player in the world. Price won the 1992 PGA Championship, four times on the PGA Tour in 1993 and won three times in six starts coming into the ’94 PGA. The No. 1 player going into that major was Norman. Sure, Norman won The Players that March and had three runner-up finishes in his previous eight starts, but Price was winning. He was clearly No. 1. The ranking hadn’t figure that out yet. More recently, Spieth, with four wins in 15 starts during the spring and summer of 2015, had been the best player in the world for several months before he became the No. 1 player in August. In fact, by the time Spieth moved to No. 1, Jason Day was the best player in the world. The ranking math didn’t work out for him until after he won the BMW Championship, his fourth victory in six starts. Which is a roundabout way of getting to the final point mentioned way back at the top of this story. That this summer, the No. 1 player – DJ, JT or someone else – stands a good chance of winning a major championship. We told you earlier that since June 1997, players whose initials are not TW won 23 times in 168 starts while ranked No. 1. Now look at how many of those wins came almost immediately after there was a change at the top of the world ranking. Five times a player won in his first start at No. 1. Three more came in his second start at No. 1. Three more came in his third start. It appears that when the top spot on the world ranking is in flux, when the No. 1 spot has just been taken over, the new leader is still playing well enough to win. Even if that means winning a major. Which, if you’re Dustin Johnson, is good news, indeed.last_img read more

30,000 in Barcelona Share Bikes

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreBarcelona has gone bike crazy, with 30,000 people signing up in the first 2 months to participate in a new public transportation system involving shared bikes.With 1500 bicycles and 100 stations, connecting other public transport stations such as metro, train, buses and major car parks, the red and white bikes are to be seen all over town.(READ the story in Treehugger)AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img

The (Really Scary) Invisible Gorilla

first_imgThe Huffington Post: The Invisible Gorilla is part of the popular culture nowadays, thanks largely to a widely-read 2010 book of that title. In that book, cognitive psychologists Dan Simons and Christopher Chabris popularized a phenomenon of human perception — known in the jargon as “inattentional blindness” — which they had demonstrated in a study some years before. In the best known version of the experiment, volunteers were told to keep track of how many times some basketball players tossed a basketball. While they did this, someone in a gorilla suit walked across the basketball court, in plain view, yet many of the volunteers failed even to notice the beast.…A new study raises that disturbing possibility. Three psychological scientists at Brigham and Women’s Hospital in Boston –Trafton Drew, Melissa Vo and Jeremy Wolfe — wondered if expert observers are also subject to this perceptual blindness. The subjects in the classic study were “naïve” — untrained in any particular domain of expertise and performing a task nobody does in real life.Read the whole story: The Huffington PostWray Herbert is an author and award-winning journalist who writes two popular blogs for APS, We’re Only Human and Full Frontal Psychology. More of our Members in the Media >last_img read more

Thiago Motta: ‘Genoa are a team’

first_imgThiago Motta tried to deflect any praise for his substitutions after Genoa’s debut 3-1 win over Brescia. “I asked that they remain a team even in difficult moments.” The new coach replaced Aurelio Andreazzoli, who had one point from the last six rounds, and all three of his substitutes went on to score. “I feel good, as the players did really well from the first to the last minute. What I asked before the game was that they remained a team even during difficult moments, they did it and I am happy for them,” he told DAZN. This is a Serie A record, as never before had one team seen all three substitutes find the back of the net. “It’s nice to see this team write its place in history, but I want to praise everyone, even those who stayed on the bench. We showed enormous heart and stayed united throughout every bump in the road, so that is what I am happiest with. “We didn’t do what we could’ve done in the first half, as Brescia played well, but even if we didn’t control the game during the first 45 minutes, we hung in there. “At half-time, we tried to push the lines further forward and scored these three important goals for Genoa.” Thiago Motta started with three at the back, including Ivan Radovanovic, then shifted to four by half-time. “We have a large squad with quality players, but what really struck me in this week was the desire to work together and fight for Genoa. This is the way forward, we’ve got to keep our heads and look out for each other.” Thiago Motta is back in Italy and surrounded by familiar faces, as Goran Pandev and Brescia striker Mario Balotelli were his teammates at Inter. “I saw Balotelli before the game, we shared historic moments together for Inter. He was an opponent today, so he was concentrated and we just had a quick chat before kick-off.” Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/last_img read more

While Racela reunion at TNT is a dream, Jose ready to play for any team

first_imgDon’t miss out on the latest news and information. No more menthol cigarettes: New ban on tobacco, vape flavors LATEST STORIES Winter storm threatens to scramble Thanksgiving travel plans Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games After nearly giving up on basketball, Herndon is ready to chase his dream Trump to designate Mexican drug cartels as terrorist groups Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Raymar Jose. PBA IMAGESTipped to be picked among the top five in the 2017 PBA Rookie Draft, Raymar Jose isn’t ruling out the possibility of reuniting with former coach Nash Racela in TNT.“If given a chance, why not? He’s my coach in college,” a smiling Jose, who even bumped into his old mentor during the Draft combine, said in Filipino.ADVERTISEMENT Though the odds of Jose falling into the lap of the KaTropa deep into the first round are far-fetched, one couldn’t blame the soft-spoken bruiser for dreaming. After all, it’s under Racela when Jose got his biggest break.Undersized at center, the 25-year-old had thrived doing the dirty work for FEU which rewarded the Tamaraws with a championship in 2015. What followed was successful stints in the PBA D-League, abroad in Taiwan and Brunei and with the national team.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingBut despite his sheer advantage in the draft, Jose remains nervous. “I think I did my part. I gave my best in the combine and I believe I’m ready physically and mentally.”While there’s no denying playing for TNT is on the top of Jose’s wishlist,  the 6-foot-4 bruiser shared that he doesn’t mind whatever team picks him, saying that at the end of the day, he’s just grateful to get to the pros. Palace: Robredo back to ‘groping with a blind vision’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim MOST READ “I’m always ready for any team that selects me. My effort won’t change. I’ll always give my best,” he said.Sports Related Videospowered by AdSparcRead Next ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims Argentine bishop appears at court hearing on abuse charges View commentslast_img read more

Body Science – Clothing Range

first_imgBody Science – Clothing RangeAttached is a flyer with details.For further information, please visit the following websites:Sports Nutrition Website – www.bodyscience.com.auCompression Clothing Website – www.kompressorz.com Related Filesbody_science_clothing_range-pdflast_img

The NFC East Will Be An Ugly Magnificent Bloodbath As Usual

How will your favorite NFL team do this year? See all of our predictions for the 2016 season » But things are rarely so easy in this division. Elo ratings suggest that it’s the most wide open in all of football, with Washington holding by far the worst division odds (29 percent) of any division favorite in the NFL.1Also, the standard deviations of NFC East teams’ preseason Elo ratings and division winning percentages were the lowest of any division in football. At 27 percent, the Philadelphia Eagles are right behind Washington. The tumultuous reign of Chip Kelly is over — for better or for worse — and Philly regained some measure of normalcy in an offseason spent undoing many of Kelly’s personnel gaffes: GM Howie Roseman did a good job of rebuilding the franchise for the future, particularly with a recent trade that jettisoned maligned QB Sam Bradford for draft picks. But Roseman’s roster shuffling left rookie Carson Wentz as the team’s opening day starter. Without much of a safety net beneath Wentz on the depth chart, his inexperience could mean that Elo — which doesn’t directly account for personnel changes — is overrating the Eagles.If so, the New York Giants will be there to fill the void. They, too, will be operating under a new coach (for the first time since 2003). Ben McAdoo takes over a team that last year featured good special-teams play and an efficient passing offense led by Eli Manning. The 2015 Giants’ main problem was a leaky defense — third-worst in the NFL — and the team took steps in the offseason to address that flaw, though it didn’t come cheap. Manning is getting older but is still effective, so if those roster moves end up working on D, the Giants could ride a favorable schedule to their first division crown in five years.The Dallas Cowboys should also benefit from soft scheduling — Elo ranks their slate eighth-easiest in the NFL — but Tony Romo’s preseason injury might negate that edge. The Cowboys have been here before, pressing inadequate QBs into action with Romo on the sidelines. This time, they’re rolling with Dak Prescott, one of the lowest-drafted Week 1 rookie starters in NFL history. (The alternative is accomplished butt-fumbler Mark Sanchez.) And even if Dallas does somehow improve on last year’s dismal showing through the air, the team has holes on defense that were only partially addressed in the offseason. No. 4 overall draft pick Ezekiel Elliott may instantly run wild behind the Cowboys’ tremendous offensive line, but without Romo, the team may win even fewer than the seven games Elo projects for it.If we’ve learned one thing from this division in recent years, however, it’s to expect the unexpected. (Washington’s rise last season was the norm in a division that’s changed hands in each of the past 11 seasons.) The NFC East probably won’t be pretty in 2016, but it could once again be the most competitive division in the NFL.VIDEO: How one spurned Rams fan found a new team To go with our 2016 NFL predictions, FiveThirtyEight is previewing each division. Here, we look at the perpetual disaster that is the NFC East. At this time last year, my colleague Walt Hickey and I mocked Washington’s chances of winning the NFC East. Oops. Defying the 4 percent division odds that our Elo ratings gave them in the preseason, the Suing Snyders won their final four regular-season games to capture one of the weakest divisions in recent memory (before promptly losing by 17 points in their first playoff game). The big question for 2016 is whether the team can capitalize again on the weakness of what Elo considers the NFC’s worst division and become the East’s first repeat winner since 2004.By most accounts, Washington had a productive offseason, adding All-Pro cornerback Josh Norman and using the franchise tag to re-sign quarterback Kirk Cousins to a reasonable make-good deal. Now the team’s fortunes might hinge on whether Cousins can repeat a 2015 performance that was easily the best of his career. On the one hand, Cousins’s track record heading into last season was subpar at best. On the other, three of his four most similar passers last season were Drew Brees, Joe Montana and Jim Kelly. (The other was Jeff George.) If Cousins can prove that he belongs in the same paragraph as that trio, Washington could have a stranglehold on the East. read more

Gomes amazed by Watford reaction

first_imgThe Hornets were down 2-0 but they were able to tie the match and then win it thanks to a 90th-minute penalty scored by Troy Deeney.Wolverhampton Wanderers were up 2-0 in today’s FA Cup Semifinal match against Watford.But the Hornets reacted fantastically, tied the match, and then witnessed how captain Troy Deeney scored the match-winning goal in the 90th minute.Which is why goalkeeper Heurelho Gomes was astounded by the work of his team.“It was amazing,” said Gomes to the club’s official website.“It was like until 70 minutes Wolves would win, but this is football – you must always believe! If we did not have a belief we don’t achieve and we believed until the last minute.”“We showed we didn’t put our heads down and we fought until the end,” he commented.“Troy can deal with any pressure, and once more he did that for us. He deserves it, and it is not easy to take a penalty like that.”“We are a team. The gaffer picks the team that is going to work,” he added.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“Geri was prepared to help the team from the bench. He changed the game, and that’s why we are in the final.”Watford will play the FA Cup Final against Manchester City on May 18th at Wembley stadium.The team still has five matches left in the English Premier League where they are currently in the 10th position with 46 points.The Hornets will host Arsenal, Southampton, and Wolverhampton Wanderers. Meanwhile, they will visit Huddersfield Town and Chelsea.Love this! @BenFoster when asked what he would do if he was picked for the @EmiratesFACup final:”I’ll absolutely refuse! @hdgomes deserves it and should play without a doubt. He has never let this club down and never will. He was fantastic today.” pic.twitter.com/2fxhIda3ch— Watford Football Club (@WatfordFC) April 7, 2019last_img read more

SDPD monitoring nearby synagogues in response to deadly Pittsburgh shooting

first_imgOur thoughts & prayers go out to the victims of today’s shooting at a #Pittsburgh synagogue, as well as the members of law enforcement who were injured. @SDSheriff Deputies will be conducting extra patrols at synagogues in our jurisdictions as a precaution. pic.twitter.com/iHmfFqHzkm— San Diego Sheriff (@SDSheriff) October 27, 2018 SDPD monitoring nearby synagogues in response to deadly Pittsburgh shooting SAN DIEGO (KUSI) — A San Diego Police Department official said police are monitoring local synagogues after a shooting at a Pittsburgh temple left multiple people dead and injured Saturday.“We are aware of the incident in Pittsburgh,” San Diego Police Sgt. Robert Hawkins said. “We don’t have any details, but in the meantime, we will be providing extra patrols and as officers have time they will be driving by all the local synagogues.”The suspected Pittsburgh shooter was identified as 46-year-old Robert Bowers. He’s believed to have made anti-Jewish comments during the shooting, which unfolded on a Shabbat morning at the Tree of Life synagogue.Three officers were shot in the incident, according to a Pittsburgh police spokesperson.President Donald Trump tweeted: “Law enforcement on the scene. People in Squirrel Hill area should remain sheltered. Looks like multiple fatalities. Beware of active shooter. God Bless All!”About an hour later, he tweeted the events in Pittsburgh “are fare more devastating than originally thought.”“Spoke with Mayor and Governor to inform them that the Federal Government has been, and will be, with them all the way,” the president said.San Diego Sheriff’s Depatrment also said on Twitter that will be conducting extra patrol around synagogues under their jurisdiction. KUSI Newsroom, KUSI Newsroom Updated: 4:54 PM Posted: October 27, 2018 October 27, 2018 Categories: Local San Diego News, Trending FacebookTwitterlast_img read more