Fed’s Powell provides economic update amid coronavirus pandemic

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Federal Reserve Chairman Jerome Powell offered an economic update and discussed the Fed’s unprecedented fiscal response in a speech given Wednesday at the Peterson Institute. The Fed has continuously stated it will use its tools to their fullest potential until the crisis has passed and the economic recovery is well underway.“Chairman Powell acknowledged the unprecedented fiscal response, but he clearly believes that it is money well spent if it helps to minimize long-lasting damage to the nation’s economic prospects,” said NAFCU Chief Economist and Vice President of Curt Long. “On the topic of negative rates, Chairman Powell firmly denied any interest from the FOMC at this time. The Fed would rather expand on the tools it is currently using, if needed.”During his speech, Powell previewed a Fed survey set to be released today that “reflects findings similar to many others: Among people who were working in February, almost 40% of those in households making less than $40,000 a year had lost a job in March.”“This reversal of economic fortune has caused a level of pain that is hard to capture in words, as lives are upended amid great uncertainty about the future,” Powell said.last_img read more

Badgers set for border battle

first_imgUW junior tri-captain and Minnesota native Ryan McDonagh and the Badgers close out their regular season against the Gophers.[/media-credit]The third-ranked Wisconsin men’s hockey team knows all about the heated historic border rivalry with Minnesota.This year, however, there is an unusual separation between the two powerhouse programs in the WCHA standings as they prepare for this weekend’s series. The Badgers sit in second place, while the Gophers find themselves in seventh.But head coach Mike Eaves and the Badgers made it clear they aren’t about to take Minnesota lightly heading into the final series of the regular season in Minneapolis.“[The Gophers’] record may not be great, but they are going to come into this series ready to go,” Eaves said. “They have a lot of talent. They are playing better now, and I’m pretty sure almost everybody on that team has been drafted.”And after sweeping Colorado College and splitting a series with Minnesota Duluth, the Gophers are starting to raise their level of play, but seeing UM at the bottom of the standings still has UW sophomore Jordy Murray scratching his head.“You look at their record and you look at the players on their team and they should be doing a lot better than they are,” Murray said. “But they have a good squad and they can beat anyone.”Minnesota has the skill to beat anyone and beat the Badgers 5-2 at the Kohl Center in the most recent meeting between these two teams back in November. UW, though, outshot UM 79-46 in the early-season series, ending with two points going to each squad.But according to tri-captain and Arden Hills, Minn. native Ryan McDonagh, you can disregard the standings and previous meetings between these rivals.“It doesn’t matter,” McDonagh said. “They are going to bring their best, and we’re looking forward to it.”For McDonagh and the several other Minnesota-born players on UW’s roster, this weekend is special not only for them, but for their families.“I will have family there that doesn’t get a chance to come down to Madison that much, and it will be fun to play against some old teammates and buddies I’ve grown up playing with,” McDonagh said. “It’s about bragging rights, and we definitely want to be on the winning side of things.”The rivalry between these two programs gets plenty of attention due to the close proximity and the winning tradition of these two schools.But this rivalry goes back all the way back to the youthful days of these players, as many of the current Badgers and Gophers squared off or played together in junior leagues.“Being a Minnesota boy, this is the game you think about playing when you’re younger, and especially once I committed to Wisconsin,” Murray, a Faribault, Minn. native, said. “I have some friends on that team, but when the puck drops, we hate each other.”As Murray said, the reunions will be put on hold once the players hit the ice, and for the first time all season, UW won’t be playing for the WCHA conference crown when the puck drops Friday. Denver took home the MacNaughton Cup as regular season champions last weekend, meaning second-place is the best UW can hope for.“It’s a little disappointing because it was a big goal to win the MacNaughton Cup, and we can’t accomplish that now,” McDonagh said. “But we aren’t done yet and we have a lot left to play for.”That’s putting it lightly, as the Badgers certainly do have plenty to play for. With the WCHA playoffs and NCAA tournament looming, there will be a lot more than a regular-season title at stake in the coming weeks.“We need to get some points,” Eaves said. “We want to stay at least in the top three of the conference, so there is a lot at stake this weekend.”By finishing at least third in the WCHA, the Badgers would guarantee they don’t have to play an extra game if they advance to the Final Five in St. Paul, March 18-20. The five teams that win their playoff series next week will be reseeded 1-5, with the No. 4 and No. 5 teams needing to play in an extra semi-final game before the main semi-finals Friday. The Badgers have already clinched home ice for the first round of the WCHA playoffs.Knowing the MacNaughton cup is in the hands of the Pioneers should light a fire under the Badgers, but Murray insisted the anticipation for this border rivalry should do the trick.“There is such history with this series — just wars on the ice,” Murray said. “We’re excited, and it’s going to be a fun weekend.”last_img read more

Steelers release five-time Pro Bowler Harrison in cap move

first_img by Will GravesAP Sports WriterPITTSBURGH (AP) — James Harrison’s snarling tenacity made the Pittsburgh Steelers linebacker one of the NFL’s most intimidating players for nearly a decade.Big hits — some legal, some not so much — also turned the outspoken five-time Pro Bowler into focal  point for a  league-wide crackdown on helmet-to-helmet contact.Harrison’s outlaw image made him beloved in Pittsburgh but reviled elsewhere. His onerous contract, however, no longer worked for a team with serious salary cap issues. The Steelers released the former Defensive Player of the Year on Saturday when the two sides could not agree on a more cap-friendly deal.“It’s been a great run but all good things must come to a end,” Harrison posted on his Twitter account Saturday afternoon. “Thank you Steelers Nation I will miss you all!”Pittsburgh general manager Kevin Colbert and Harrison’s agent Bill Parise had spent the last few days trying to iron out a new deal but couldn’t reach any common ground. Harrison was entering the final two years of a $51-million extension he signed in 2009 and was scheduled to make $6.57 million in 2013.Instead, Harrison — who turns 35 in May — will find himself looking for work for the first time since he became a fixture on the right side of Pittsburgh’s 3-4 defense in 2006.“James has been an integral part of our success during his years in Pittsburgh and has helped us win two Lombardi trophies during that time,” Colbert said in a statement. “We appreciate all of his efforts and wish him the best.”Harrison is the first cap move by the Steelers this offseason as they try to get under the $123 million salary cap by Tuesday, when the new league year begins. Quarterback Ben Roethlisberger and linebacker Lawrence Timmons have restructured their contracts to help get Pittsburgh under the cap number but Colbert told reporters after the Steelers finished a disappointing 8-8 in 2012 “terminations” would also be necessary.“Sooner or later you have to pay the debt and you never want to get to a point where you have to gut your team and start over because we have to compete for a championship every year,” Colbert said in January.This isn’t the first time the Steelers have released a star to save money. They let go wide receiver Hines Ward and linebacker James Farrior last spring, but unlike Ward and Farrior — who both retired rather than sign elsewhere — Harrison remains intent on playing in 2013.Harrison missed the first three games of the 2012 season with a minor knee injury but was one of Pittsburgh’s steadiest performers over the second half of the year. He finished with six sacks, tied for the team lead, and a pair of forced fumbles as the Steelers finished No. 1 in total defense for the fourth time since Harrison became a starter.“James has played a major role in the success of this organization during his time in Pittsburgh,” coach Mike Tomlin said in a statement. “I appreciate everything he has done in my six years as head coach.”In many ways Harrison’s success is emblematic of “The Steeler Way.” Signed as an undrafted rookie free agent in 2002, Harrison spent two years on the practice squad before getting signed by the Baltimore Ravens, who sent the undersized Harrison — listed at 6-feet — to NFL Europe for some seasoning. The Ravens eventually cut him loose and Pittsburgh brought him back hoping he had matured.It ended up being one of the better bargains in team history.Harrison eventually blossomed into one of the league’s most feared pass rushers. He helped the Steelers win their fifth Super Bowl in 2006 and was named the AP NFL Defensive Player of the Year in 2008, when he collected 16 sacks.Chasing their second championship in four years, Harrison put together one of the most spectacular plays in Super Bowl history, returning a Kurt Warner interception 100 yards for a touchdown on the final play of the first half in a game the Steelers eventually won 27-23.Yet Harrison’s violent play sometimes came at a hefty price. He was fined multiple times for hits to the head.Feeling he was being unfairly persecuted by the league, Harrison called commissioner Roger Goodell a “crook” and a “devil” during an interview with Men’s Journal in early 2011. Harrison later apologized and promised to clean up his act.It didn’t exactly work. Harrison was suspended for a game in December, 2011 after his helmet smacked into Cleveland quarterback Colt McCoy’s facemask a moment after McCoy released the ball.Harrison did not receive any letters from the commissioner’s office in 2012 but his physical style of play took a toll on his body. He missed all of training camp with a knee injury and admitted he had endured “a dozen” concussions over the course of his career.The Steelers hope they have Harrison’s replacement in 24-year-old Jason Worilds, who finished with five sacks in limited action last season.Follow Will Graves at www.twitter.com/WillGravesAP JAMES HARRISON (AP Photo/Gene J. Puskar, File)last_img read more

Mallard’s Team of the Week — Steve Nash Youth Basketball Team

first_imgAfter a successful winter program, the Steve Nash Youth Basketball is making a return for its spring session beginning Wednesday at the Hume Elementary Gym in Nelson.The Spring session runs from Wednesday (April 6th) to May 25th (8 sessions) from 5:15 p.m. – 6:15 p.m.For complete information — membership Includes: Basketball, Reversible Jersey, T-Shirt, Basketball BC membership including supplementary insurance coverage — as well as online registration, go to www.NelsonBasketball.ca website. Coaches are from the L.V. Rogers Senior Bombers, including head coach Jeremy Phelan.Mallard’s Source for sports would like to salute the future basketball stars with Team of the Week honours.last_img

How to translate German tech for Indian consumers

first_imgTags:#Blaupunkt#consumer electronics#Germany#India#Internet of Things#IoT Ryan Matthew Pierson Follow the Puck Related Posts Internet of Things Makes it Easier to Steal You…center_img Small Business Cybersecurity Threats and How to… Blaupunkt, a German tech firm focused on cars and consumer electronics, is moving into the mobile market with mobile accessories followed by its own smartphone and tablet offerings. These products, which are expected to launch as early as the next year, are going to be made available in the large and already-crowded Indian market.For German tech, why India?India gives Blaupunkt a very good test market. It’s a growing market for potential buyers of mid and high-range smartphones that has seen a 20% growth in the last year, with a projected growth of 25% in 2017.Additionally, India is an optimal location for additional manufacturing if the market demand turns out to exceed expectations.See also: Are price driving away smart home consumers?When asked about Blaupunkt’s reasoning behind launching its mobile accessories and devices in this market, Andrzej Cebrat, managing director of global intellectual property development at Blaupunkt, said: “India builds the case study lesson for global markets. If we are successful in the Indian market, the reviews we get here will be valid in other markets.”Roughly 80% of Blaupunkt’s revenue comes from televisions and other information and entertainment devices. The mobile accessories market is a growing space. It offers a whole new opportunity for the German company to reach the global market and tap into a class of devices that is increasingly becoming consumer’s focus of attention.The importance of chasing consumer attentionLast year, entertainment giant Neilson released a report explaining why. It showed that smartphones are becoming the preferred method for media consumption among consumers. Television, in the meantime,  is on a quick decline.Major networks like HBO have already started offering mobile-focused streaming services to their customers. This is an effort to recapture the growing number of cord cutters. These folks are currently spending their media dollars on online services like Netflix and Hulu for their entertainment.Traditional cable service providers have seen a steady decrease in customers year-over-year, as well.This is all the more reason for Blaupunkt, and companies like it, to start venturing into the mobile sector. Why IoT Apps are Eating Device Interfaceslast_img read more

For legislators, Constitution is the Bible: Meghalaya CM

first_imgShillong, Mar 15 (PTI) Meghalaya Chief Minister Mukul Sangma today sought to compare the Constitution of India with the Bible, urging the legislators and members of the autonomous district councils to follow the Constitution while discharging their duties to avoid conflicts.Sangma was replying to a motion moved by Mawsynram legislator P N Syiem, who is also the Chief Executive Member of the Khasi Hills Autonomous District Council, asking government and ADCs to adopt a mechanism to create a cordial relationship in the interest of the people.”Like all faithfuls we follow the Bible. As legislators this is what we have to follow… the Constitution of India,” Mukul said.”We should follow nothing else. If we deviate from this, there will be conflict,” he said.The Chief Minister and the CEM are at loggerhead after the Congress-led government passed a law that restricts a legislator to hold two elected offices in the state.While seven legislators had resigned since the new law, Syiem is the only person who challenged the Bill in the High Court.”We are all guided by the Constitution. As a lawmaker nobody can deviate from the mandate and provision of this Constitution. I appeal to all friends, representatives of various constituencies of ADCs and ECs and CEMs to move ahead together and be guided by the provisions of the Constitution and respect it,” the chief minister said. PTI JOP SUS SMNlast_img read more

10 months agoSNAPPED! Ex-Arsenal striker Bendtner begins 50-day house arrest

first_imgAbout the authorPaul VegasShare the loveHave your say SNAPPED! Ex-Arsenal striker Bendtner begins 50-day house arrestby Paul Vegas10 months agoSend to a friendShare the loveRosenborg striker Nicklas Bendtner has begun his 50-day house arrest sentence.The former Arsenal striker has started his sentence for assaulting a taxi driver and posted an Instagram picture of his electronic ankle tag.The 30-year-old, who currently plays for Norwegian side Rosenborg, is serving his sentence at home in Denmark.Having quarrelled over the £4.80 fare, Bendtner punched the driver in the jaw before kicking him as he lay on the ground.The 30-year-old striker posted an Instagram picture of his electronic ankle tagBendtner was handed an unconditional sentence and told to pay the driver £1,330 in compensation. The cab driver was acquitted of violence but fined £355 for using his telephone while driving and not wearing his seat belt.Nicklas Bendtner began his 50-day prison sentence today.Back in September, he was arrested for assaulting a taxi driver that left the man needing surgery to correct a broken jaw. pic.twitter.com/kUP3dPQHtE— Photos of Football (@photosofootball) January 3, 2019 last_img read more

UK’s Tony Barbee Blocking Auburn Fans On Twitter Who Remind Him That He Never Won An SEC Tournament Game

first_imgTony Barbee blocking Auburn fans on Twitter.Former Auburn coach Tony Barbee, now an assistant with Kentucky, never won an SEC Tournament game in his four years on campus. Barbee’s Tigers also never won more than six conference contests in a season. Apparently, with Auburn winning its first two games of the 2015 SEC Tournament under new coach Bruce Pearl, a few Tigers fans are poking a bit of fun at him on Twitter. Barbee’s response? He’s blocking them. Via Fansided:Just like he blocked us from being good at basketball, am I right?! pic.twitter.com/5FG31gVoyQ— Drunk Aubie (@DrunkAubie) March 12, 2015Nice! pic.twitter.com/DJw1hFw5j0— Kris Colvin (@kmcolvin10) March 12, 2015Tony Barbee clearly doesn’t appreciate my reminiscing about our time together. #WarEagle pic.twitter.com/9HRgb7zoHV— Carter Michaels (@TheRealCMike) March 12, 2015″@captaindeas: @Clintau24 @VarnerBeast14 Someone isn’t happy with me… pic.twitter.com/FJeCAzmF63″About time! Welcome!— Clint Richardson® (@Clintau24) March 12, 2015Tony Barbee blocked me too guys! Lol— AUHoopsBlog (@AUHoopsBlog) March 12, 2015Apparently the C&M account is blocked by Tony Barbee. I consider that awesome.— College & Magnolia (@CollegeAndMag) March 12, 2015Friday, after Kentucky’s win over Florida, the school reportedly did not make Barbee available to the media. It’s a strange move that’s been criticized by many. Tony Barbee was unavailable in Kentucky’s locker room. Only applies to players at UK.— James Crepea (@JamesCrepea) March 13, 2015Despite the SEC policy being for “all coaches and student-athletes” to be available for interviews at the SEC Tourney, UK feels otherwise— James Crepea (@JamesCrepea) March 13, 2015Ironically, if Auburn can knock off LSU later today, the Tigers will get the Wildcats in the next round.last_img read more

Stars Attend MCM x RED Daily Front Row FLA After Party

first_imgMCM sponsored the Daily Front Row’s fourth annual Los Angeles Fashion Awards and VIP After Party highlighting the brand’s largest philanthropic partnership with (RED), held at the iconic The Beverly Hills Hotel on Sunday, April 8th with the award show seated in the Crystal Ballroom and the after party located directly above at Bar Nineteen 12.Paris Hilton at MCM x (RED) Daily Front Row FLA After PartyCredit/Copyright: Hannah Turner-Harts/Daily Front RowHosted by Derek Blasberg, the award show honors celebrities, stylists, designers and emerging talent including Emily Ratajkowski, Jen Atkin, Jeremy Scott, Phillip Plein, Kate Young, Wendi & Nicole Ferreira, Jamie Mizrahi, Cami Morrone, Alexi Lubomirski and Stuart Vevers whose awards were presented by notable industry colleagues such as Nicole Richie, Paris Jackson, Kris Jenner, Rowan Blanchard, Sebastian Feana, Trey Laird and more. Both the awards and VIP after party were filled with A-list talent and industry insiders such as Chrissy Teigen and John Legend, Francis Bean Cobain, Paris Hilton, Tommy Hilfiger, Jhene Aiko, Joel Madden, Leona Lewis, Normani, Serayah, George Kotsiopoulos, Marianna Hewitt, Caroline Vreeland, Johannes Huebl, Cordell Broadus, EJ Johnson, Suede Brooks, Erin Foster, Erika Costell, Charlotte MicKinney, Charlie Plummer, Joey King, Kiersey Clemons, Sarunas Jackson, Lisa Rinna, Nicole Williams, Shaun Ross, Tessa Brooks, Zara Larsson and more.Caroline Vreeland and Caroline Daur at MCM x (RED) Daily Front Row FLA After PartyCredit/Copyright: Hannah Turner-Harts/Daily Front RowParty-goers enjoyed music by DJ Illanoise (Raphael Woods) while raising awareness for the MCM x (RED) philanthropic partnership by posing for multiple photo moments with the larger than life MCM Visetos Bear wearing MCM x (RED) accessories, the interactive MCM animal doll installation as well as the MCM heritage travel trunk display. Guests also tried out the new MCM x WizPak exclusive backpack style with built-in BlueTooth speakers while enjoying festive cocktails and tasty treats throughout the evening.last_img read more

Sorrow is not enough Disappointment over Popes decision not to apologize for

first_img(Grand Chief Tony Alexis and Pope Francis during their meeting in St. Peter’s Square in 2016.)The Canadian PressCatholics have a role to play in continuing to urge Pope Francis to apologize for the role the church played in running Canada’s residential schools, Crown- Indigenous Affairs Minister Carolyn Bennett said Wednesday after the pontiff publicly declined to accept responsibility for the trauma suffered by Indigenous survivors.The federal government will keep pushing the church to apologize for its role in the spiritual, cultural, emotional, physical, and sexual abuse of First Nations, Inuit, and Metis children in Catholic-run residential schools, as recommended by the Truth and Reconciliation Commission, Bennett said.“Sorrow is not enough. Sorrow is never enough,” Bennett said, referencing an expression of regret the former pope delivered to a group of former victims and survivors of the church-run boarding schools who visited the Vatican in 2009.“One has to take responsibility for the harm that was done, not only to the children that were taken, but for the families left behind.”A letter released Tuesday by the president of the Canadian Conference of Catholic Bishops says Pope Francis has not shied away from recognizing injustices faced by Indigenous peoples around the world, but that he can’t personally apologize for residential schools.Prime Minister Justin Trudeau, who is Catholic, said he was disappointed by the Pope’s decision, stressing that reconciliation extends beyond the relationship between the government and Indigenous people. Trudeau visited the Vatican last year, where he personally asked the Pope to consider the gesture.Conservative Leader Andrew Scheer, also a Catholic, said all institutions that played a significant role in the residential school system should apologize in order to move Canada forward on the path of reconciliation.The church has offered formal apologies in the past, including in 2010 to Irish victims of sexual abuse and in 2015 to Indigenous peoples in the Americas for the “grave sins” of colonialism.From the 19th century until the 1970s, more than 150,000 Indigenous children were taken from their families and forced to attend Christian schools, the majority of which were run by the Catholic Church.The church’s refusal to take responsibility is part of a misplaced belief held by Catholic leaders that the abuse was simply discipline gone wrong, and was justified in order to save souls through religious conversion, Senator and former judge Murray Sinclair, who co-chaired the Truth and Reconciliation Commission, said Wednesday on social media.“Canadian Catholic leaders who persuaded the Pope to adopt this position should be ashamed of themselves,” Sinclair said. “The shame of those who abused children in their institutions in the past is now theirs to wear.”Sinclair’s son Niigaan, a native studies professor at the University of Manitoba, described the church’s decision as “remarkably short-sighted and disrespectful.”Reconciliation cannot happen in Canada without an apology from the Catholic Church, he added.“Before we can have any reconciliation we have to have truth,” Niigaan Sinclair said, adding that an apology would “be a recognition by the church that they participated in genocide.”Liberal MP Robert-Falcon Ouellette, who has Cree and Metis heritage, said he believes the Church will eventually apologize – a day he said may come during a future papal visit to Canada.“If one man could simply snap his fingers, things would have been done a long time ago, but unfortunately that doesn’t happen in large institutions,” said Ouellette, who said he attends a Catholic church.last_img read more