Veteran Leander Paes won his second challenger-level title of the season but Ramkumar Ramanathan had to be content with a runner-up finish at the USD 75,000 clay-court event in Tallahassee, Florida.The top-seeded pair of Paes and American Scott Lipsky came from behind to pip Argentine third seeds Leonardo Mayer and Maximo Gonzalez 4-6, 7-6(5), 10-7 in the summit clash. Paes had won the Leon Challenger in Mexico with Adil Shamasdin, earlier.It was the second challenger title of the season for Paes, who earned 80 ranking points for his effort.However, Ramkumar, who was playing the first challenger level final of his career, lost the title match 2-6, 7-6(6), 5-7 to Slovenian qualifier Blaz Rola.The 22-year-old Indian earned 48 ranking points and a pay cheque of USD 6,360.
Eighteen-time Grand Slam champion Roger Federer has committed to a full schedule in the second half of the season, saying that he’s had enough of practice and is hoping to quickly recapture his stunning early-season form.Federer, fresh off a two-month break to rest his 35-year-old body, will begin his grass-court campaign and bid for an eighth Wimbledon crown at Stuttgart on Wednesday.”There are no more breaks now,” Federer told the ATP website.”I’ve had enough breaks. I’m a practice world champion now and that’s not who I want to be. I want to be a champ on the match courts. So I’m going to be playing a regular schedule for the second part of the season… And this is the beginning here at the Mercedes Cup in Stuttgart,” he added.The Swiss maestro has taken the last two months off after what he described as a surprisingly successful start to the year that resulted in victory at the Australian Open and then the Indian Wells- Miami Masters double.”I was terribly surprised to win the Australian Open and to back it up and win the sunshine double in Indian Wells and Miami was a complete surprise to me,” Federer said.The 35-year-old further insisted that Rafael Nadal’s return to clay-court dominance was not unexpected.”I think Rafa winning the French Open is less of a surprise because he’d done it nine times before… I was hoping he was going to dominate the clay-court season like the olden days,” said Federer.advertisementThe Swiss also admitted that Nadal is a hot favourite to finish No. 1 for the fourth time.”Obviously Rafa is in great position to finish World No. 1. For him it’s going to be all about staying injury free. For me it’s about getting back to winning ways, where I left off in Miami,” he said.He, however, insisted that the second half of 2017 season will be much more competitive.”I’m sure a lot of guys are going to start playing their best in the second half of the season, like Murray, Djokovic, Nishikori, Raonic, Zverev, Kyrgios, Stan. We’ll all be playing our best tennis. It’s going to be an epic finish to the end of the season. Quite exciting actually for the ATP Tour,” he added.Federer will begin his Stuttgart Open campaign against the winner of Frenchman Pierre-Hugues Herbert and German veteran Tommy Haas.
The Committee of Administrators (CoA) on Saturday formed a four-member panel, which includes acting Board president CK Khanna and CEO Rahul Johri, to decide on the remuneration of newly-appointed head coach Ravi Shastri and other members of the support staff.CoA member Diana Edulji and BCCI acting secretary Amitabh Choudhary are the other members of the Committee which will meet on July 19. This was decided after a CoA meeting on Saturday. WATCH FULL VIDEOReceived communication that 4-member committee formed with Rahul Johri as convener.1st meeting on 18th in Mumbai:CK Khanna, BCCI Acting Pres pic.twitter.com/VLPsRk4nEI- ANI (@ANI_news) July 15, 2017For further coaches&others, must hv discussion with Ravi Shastri. Then we set up a committee of Diana,Acting Pres,Secy&CEO as Convener:V Rai pic.twitter.com/edD7AefvdI- ANI (@ANI_news) July 15, 2017Recommendation has been made which COA has to act upon which will be done in consultation with head coach: V Rai on Rahul Dravid&Zaheer Khan- ANI (@ANI_news) July 15, 2017The three-member Cricket Advisory Committee (CAC) had named Shastri as head coach while Rahul Dravid and Zaheer Khan were appointed batting and bowling consultants respectively for specific overseas tours.The new committee will reach out to CoA with its recommendations on July 22.Since the Indian cricket team is leaving for a tour of Sri Lanka on July 19, it is not clear if Zaheer and Dravid will travel with the team.India will play the first Test against Sri Lanka on July 26.advertisement
On a visit to the Kedarnath shrine, Prime Minister Narendra Modi today attacked the Congress for rejecting his proposal in June 2013 when he was Chief Minister of Gujarat to redevelop the Uttarakhand shrine that was badly damaged in the massive flash floods.While addressing a public meeting after offering prayers at the Kedarnath temple, the Prime Minister also said that the BJP was trying to develop the Himalayan shrine into an ideal pilgrim centre with quality infrastructure. Talking about the devastating 2013 flash floods in Uttarakhand, Modi said he as the chief minister of Gujarat had visited Uttarakhand in its aftermath to offer help. “I came here to do all that I could for the victims. I had met the then Chief Minister Vijay Bahuguna and state government officials and offered that Gujarat would redevelop Kedarnath. During the meeting they agreed. And I announced it outside in the media. But when the news was flashed on television, and it reached Delhi, the people there (UPA government) panicked and within hours, the state government was pressurised to announce that it would redevelop Kedarnath itself”, Modi alleged.Modi said after the BJP government came to power in Uttarakhand earlier this year, “I understood that the work for Kedarnath’s redevelopment will be done by us”.In June 2013, the then Chief Minister Vijay Bahuguna and the Congress party had rebuffed Modi’s offer for redevelopment of Kedarnath and his Rs 3 crore cheque, which was in addition to a Rs 2 crore his state had donated as relief aid for rain disaster.advertisementMODI CRITICISED FOR TRYING TO BE “RAMBO” OF RESCUE The Congress and other parties had criticised Modi for trying to be the “Rambo” of rescue. The Congress had alleged that he was trying to communalise a natural calamity.Speaking about the work being done in Kedarnath, Modi said, “Through the work we are doing, we want to show what an ideal ‘Tirth Kshetra’ (pilgrim centre) should be like, how it should be pilgrim-friendly and the well-being of priests should be given importance.”The Prime Minister added, “We are building quality infrastructure in Kedarnath. It will be modern but the traditional ethos will be preserved. We will ensure the environment is not damaged”, Modi said, adding it would also be developed as a site for adventure sports and to showcase the natural beauty of the area.He was speaking after laying the foundation stone for a slew of reconstruction projects in Kedarpuri, including renovation of Adi Guru Shankaracharya’s tomb which was damaged in the floods.He said the Himalayas have much to offer – for spiritual pursuits, nature lovers, for those interested in adventure and water sports.”If we protect the environment, in return it shall protect us all”, he said, adding, “I invite everyone to come and explore the Himalayas.”PM APPRECIATES NATIVES OF UTTARAKHAND FOR THEIR DISCIPLINEHe also lauded the people of Uttarakhand for their discipline.”Discipline is in the blood of the people of Uttarakhand. At least one person from each family is a soldier”, the Prime Minister said.He urged the state government to promote organic farming and turn it into an organic state like Sikkim.The Prime Minister asked the corporate sector to join in the work for development of the country.”We need more corporate support to work on the development of the country. We need more companies and their corporate social responsibility activities to work on this nation. We will fully develop India by 2022 “, he said.WATCH VIDEO | PM Modi’s speech in Kedarnath
The Independence Day is around the corner, which can get you a long weekend this year, a lot of people are looking for opportunity to spend some quality time with their loved ones. So here are some quirky and quick plans that one can make to enjoy the time together: Long weekend plans for Independence DayListen and create content on the go Join the movement with Hubhopper, (India’s largest podcasting, and audio-on-demand platform), on the special occasion of Independence Day. Hubhopper has come up with a special podcast “Bolo Azadi” where Indians are sharing their voices in the form of episodes to reflect on what does freedom truly mean to them as citizens of the country. If you are planning to bond over with your friends and family over the long weekend, you can create an episode together on Hubhopper.Give them travel experienceEnjoy the upcoming long weekend with your loved ones. What can be a better idea than being on a travel experience with your family? You can buy an e-card for your family and loved ones from Cleartrip and give them one of a kind feeling. Long weekend plans for Independence DaySMAAASHing itThese are few days when the whole family can come together and relish the time with cousins and relatives. Places like SMAAASH has something for each one in the group from the youngest to the eldest. One can visit GyFTR.com and buy an exciting voucher for SMAAASH, the perfect entertainment arena. It marries sports, virtual reality, music and dining into an immersive, evolved, interactive and innovative social experience that could be enjoyed by people of all ages.advertisementLuxurious drive and the vintage feelA Limousine on rent could be your partner to flaunt the luxury and give an unimaginable experience to your loved ones. Imagine your partner’s eyes popping out to see this beauty in front of your house. One can easily book a Stretched Chrysler Limousine drive with Eco Rent a Car’s special packages and plan a perfect weekend gateway.Read more: Here are 10 Independence Day 2019 quotes in Hindi
Last week, Mike Gundy announced he fully expects Mason Rudolph to play when the Cowboys face Ole Miss in the Sugar Bowl on Jan. 1.After Thursdays practice, he told The Oklahoman’s Kyle Frederickson more details on his status. “He’s out (of the boot). I saw him walking down the hall today and he seems to be doing fine,” Gundy said. Gundy reported that Rudolph will be participating in throwing drills, and he is “more concerned with him being in the team concept on Monday.”Rudolph shed the walking boot last week and is reportedly ahead of schedule in his rehab. If he is able to gain more mobility and comfort to practice next week, that would be a great sign the Cowboys could surprisingly have their No. 1 QB back in time for the Sugar Bowl.If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!
Transfers Struggling Stoke appoint Lambert ahead of Man Utd clash Nicholas McGee Last updated 1 year ago 19:43 1/15/18 FacebookTwitterRedditcopy Comments(1) Getty Transfers Stoke City Premier League The Scot has been tasked with steering the Potters away from the relegation zone, replacing Mark Hughes as manager Stoke City have appointed Paul Lambert as their new manager on a two-and-half-year deal.Lambert replaces Mark Hughes, the Welshman having been sacked following a run of eight defeats in their last 11 games in all competitions, the final straw a humiliating loss to League Two Coventry City in the FA Cup third round. Stoke visit Manchester United on Monday, with Lambert set to take a watching brief from the stands before taking charge for a potentially crucial home fixture with Huddersfield Town on Saturday. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player The Potters travel to Old Trafford third bottom in the Premier League and a point adrift of safety.Stoke City are delighted to confirm the appointment of Paul Lambert as the Club’s new manager. https://t.co/HPLKDZE3Zh #SCFC pic.twitter.com/KyiQSrPmzA — Stoke City FC (@stokecity) January 15, 2018 And the club’s board have decided that Lambert, who guided Norwich City from League One to the top flight before disappointing spells at Aston Villa, Blackburn Rovers and Wolves, is the man to preserve their status in the division.Club chairman Peter Coates told Stoke’s official website: “Paul greatly impressed us with his knowledge of our squad and had a clear plan of how he would improve our results.”He’s a man who backed himself as a player, none more so than when he turned down contract offers in Scotland to go on trial in the German Bundesliga with Borussia Dortmund, and it’s obvious he adopts the same approach as a manager.”Joint-chief executive John Coates added: “Paul has been successful in management at clubs with a strong and stable background and with local ownership – the kind of foundation we are able to give to our managers.”We were determined to appoint someone with Premier League experience or an extensive knowledge of English football. We look forward to working with Paul and supporting him to help achieve our goals.”
abb, March 27, 2014 zoom ABB Turbocharging, a global leader in the manufacture and maintenance of turbochargers for two- and four-stroke engines, will now have a dedicated Service Point in the Arab Shipbuilding and Repair Yard Company (ASRY) in Bahrain.This new cooperative agreement was marked formally by signing at a ceremony in ASRY. Executive and senior leaders from both companies attended the signing ceremony.“ASRY will benefit from the worldwide accessibility, rapid response and cutting-edge expertise of ABB’s Service Network, which comprises more than a hundred Service Stations in over fifty countries. Given the strategic importance of ASRY to our mutual customers, this initiative provides onsite accessibility to key equipment required for the overhaul of turbochargers, thus allowing for quick turnaround times and onsite technical support round the clock,” said John Fyfe, ABB Local Business Unit Manager and Area Manager Middle East and North East Africa.As per the agreement, ABB Turbocharging in Dubai will provide international factory warranties to all service jobs done at ASRY, including dedicated machines and engineers at a workstation within the shipyard facility.ABB will open a new workshop in ASRY, provide international factory warranties from ASRY, and provide onsite accessibility for ASRY customers to ABB’s worldwide Service Network.ASRY Chief Executive, Nils Kristian Berge, described the deal as a “landmark agreement by which ASRY can expand its provision of quality services to its wide range of global customers. The agreement will promote sharing of mutual benefits to enhance business of both companies, ensure quick turbocharger service to customers in the yard, and offer one-stop ABB turbocharger solutions at ASRY.”ASRY is a leading international player in ship repair, ship conversion, ship building and offshore fabrication.
Premier Stephen McNeil will travel to Washington, D.C. on Monday, July 30 to discuss the importance of free trade to the relationship between Canada and the United States. The premier will meet with senior officials with the U.S. Department of Commerce, to discuss the United States national security investigation on automobiles and auto parts. “This is a critical issue for Nova Scotia. Michelin and Neocon International are good Nova Scotia examples of the highly-integrated auto sector in North America,” said Premier McNeil. “I think it is important that we take the opportunity to meet with U.S. decision-makers to advocate on behalf of the industry.” In 2017, $3.5 billion in goods were exported from Nova Scotia to the U.S. This is 65 per cent of the total international goods exported from the province.
New Delhi: The organisational reshuffle of Bharatiya Janata Party (BJP) pending since last year will take place soon after party chief Amit Shah’s elevation as the Union Home Minister. The party top brass is set to hold organisation polls in a month, party sources said. It is learnt that the BJP national president and the home minister Amit Shah has convened a meeting of key organisation leaders from states and Union Territories on June 13 and 14 at the party headquarters here. The national office bearers and the state chiefs of BJP have been asked to join.However, the reshuffle likely to exempt the Assembly poll-bound states likes Haryana and Maharashtra and Jharkhand. Shah’s three-year term had ended earlier this year but the party had asked him to continue to focus on the Lok Sabha elections and put the organisational poll on hold.
Emeli Sandé, Jameela Jamil and rapper Wretch 32 last week offered advice and inspiration to young people at The Prince’s Trust Youth Forum.The Prince’s Trust Ambassadors – who have overcome the odds to achieve success – took part in a live-streamed Q&A session with young people who are worried about exam results, struggling to find work or feeling hopeless about the future.Actor Adam Deacon and Game of Thrones star Ed Skrein also shared their secrets of success at the Youth Forum, supported by HSBC. The event was hosted by MTV’s Laura Whitmore and Kiss FM’s AJ King at the London head office.MTV presenter and Prince’s Trust Ambassador Laura Whitmore said: “I was lucky growing up. I grew up in a single parent family, but was always encouraged to achieve my goals, however far-fetched they seemed. While today’s school leavers are facing the toughest job market in history – they should not give up hope.“You can find your dream job or even start your own business with help from organisations like The Prince’s Trust – no matter what background you’ve had. If I could tell my teenage-self not to worry, I would. Instead, I’m telling the next generation.”The Youth Forum comes at a time when thousands of young people are waiting for exam results and making tough decisions about their next steps in life.Around one in five young people in the UK is currently unemployed and more than one in ten feels hopeless about the future.With GCSE results due out next week, many young people are struggling to cope with the pressure to succeed. Research from The Prince’s Trust shows that thousands of young people are so worried about exam results that it is affecting their health.Antonio Simoes, Head of HSBC in the UK, said: “We know that with the right support and encouragement young people can achieve their goals and fulfil their potential, regardless of their start in life.“To support this, this summer we announced our new Opportunity Partnership, working with four UK youth charities, including The Prince’s Trust, to help 25,000 disadvantaged young people into education, training and work, enabling them to make a contribution to their family, community and wider society.”Source:Prince’s Trust
NEW YORK, N.Y. – Tavis Smiley has defended himself from allegations he had sexual relationships with subordinates and created an abusive workplace environment, denying any wrongdoing and saying PBS made a mistake by suspending him from his talk show. PBS almost immediately fired back, saying he “needs to get his story straight.”He told ABC’s “Good Morning America” Monday that he’s never coerced anyone into a relationship but has had consensual relationships in the workplace. He said those relationships weren’t forbidden by the company he owns and he claims he never promoted or fired anyone based on their relationship with him.“I’ve never groped. I’ve never coerced, I’ve never exposed myself inappropriately to anyone in 30 years,” Smiley said. “I’ve made mistakes — I’m human. I’m not perfect. But it doesn’t rise to the level of wrongful termination.”Smiley said Monday that he applauds women coming forward to share their sexual assault and harassment experiences “to lead us in a conversation about how to create healthy workspaces.”At the same time, he said “I want to make sure we don’t lose all sense of nuance and proportionality in this conversation, because if we do then people end up being guilty simply by accusation.”PBS responded in a matter of hours, saying Smiley’s acknowledgement of multiple relationships contradicted his previous statements.“Tavis Smiley needs to get his story straight,” it said in a statement, which also promised more accusations: “Additional allegations are continuing to come to light since last week’s announcement.”PBS also derided Smiley’s claim that he applauds women who have come forward, pointing out that Smiley’s company hinders such actions by requiring former and current employees to sign non-disclosure agreements. “Witnesses who have bravely come forward to speak with the independent investigators retained by PBS report a fear of retribution for speaking out,” it said.Smiley’s career took a huge hit last week when PBS said it was suspending him following an independent investigation by a law firm that uncovered “multiple, credible allegations of conduct that is inconsistent with the values and standards of PBS.”Then fallout was swift: Walmart, a sponsor, cut ties with him and live producer Mills Entertainment pulled out of backing Smiley’s upcoming theatrical show that was to focus on the last year of Martin Luther King Jr.’s life. Hay House, which distributes the Smiley Books imprint, said all Smiley projects were “on hold” pending an internal review.As to accusations he created a verbally abusive and threatening work place, Smiley admitted many of his TV and radio projects are intense at times but said “I’m not an angry black man and this notion of a hostile environment just doesn’t fit.” He added that no complaints about him have ever been raised.Smiley’s suspension comes weeks after PBS cut ties with anchor and talk show host Charlie Rose, citing “extremely disturbing and intolerable behaviour” by him toward women at his PBS talk show. The actions against Smiley and Rose follow dozens of firings and suspensions of prominent men who have been accused of sexual misconduct or harassment.
20 May 2010Despite some progress in Sudan’s war-torn Darfur region, violent clashes between Government and rebel forces persist, civilians are still dying or being displaced and humanitarian workers are still coming under attack, the top United Nations official in the region said today. “Results have been mixed despite our best efforts,” the head of the joint African Union-UN Mission in Darfur (UNAMID), Ibrahim Gambari, told the Security Council, presenting Secretary-General Ban Ki-moon’s latest report on the region, where seven years of conflict have killed an estimated 300,000 people and driven 2.7 million others from their homes.“In the area of security and the protection of civilians some progress has been made, but pockets of instability remain. The peace process, which I have been proactively supporting under the leadership of the Joint Mediation team, has progressed but a deep sense of mistrust remains and some parties are not engaging in the process,” he said, referring to UN-AU-sponsored talks in Doha, Qatar, between the Government and various rebel groups.The plusses he cited include framework agreements signed between the Government and the Justice and Equality Movement (JEM) and the Liberation and Justice Movement (LJM), a coalition of two groups merged to give greater cohesion to the peace talks.But the parties could not agree on a final peace accord by the 15 March deadline and the JEM suspended its participation in the talks earlier this month due to alleged violations of the ceasefire agreement and attacked Government positions and commercial truck convoys. Renewed fighting has also been reported between the Government and another group, the Abdul Wahid faction of the Sudan Liberation Army (SLA), as well as between tribes in South Darfur. “These clashes have caused substantial civilian casualties, the displacement of communities, and hampered the delivery of humanitarian assistance,” Mr. Gambari said, calling on all parties to facilitate access for UNAMID and the humanitarian community to the sites of recent fighting.“In this context, it is with grave concern that I must report that UN and humanitarian personnel continue to be a target of attacks and criminal acts,” he added, citing attacks against UNAMID peacekeepers, abductions and carjackings.“To thwart future recurrences of such incidents I have given firm instructions to our troops and police contingents to respond more robustly to attacks. I have also made it clear in all my engagements that such attacks constitute war crimes.” In a statement yesterday, Mr. Ban deplored the military build-up and clashes, urging all parties to respect the ceasefire and return to the negotiating table in Doha. In his report he noted that even though UNAMID is moving towards full capacity, it still lacks crucial equipment required to enhance the capability of its military and police units, a point Mr. Gambari stressed today.The mission’s overall unformed strength has increased to nearly 22,000 personnel out of the 26,000 mandated and tactical helicopters have arrived but “critical enabling units such as military utility helicopters and aerial surveillance units have not yet been pledged,” he said.He also highlighted the importance of creating an environment for the voluntary return of internally displaced persons (IDPs) and refugees to their homes. “The retention of an estimated 2.3 million inhabitants in IDP camps in Darfur constitutes a time-bomb as experience elsewhere, such as in Lebanon and Gaza, have demonstrated,” he said, noting that it is the Government’s responsibility to provide the significant resources needed to rehabilitate and develop the region. In a meeting with reporters, Mr. Gambari underscored the need for Darfurians overall to enjoy the benefits of the “peace dividends,” which require early recovery, reconstruction and development projects, a point he stressed in his briefing to the Council.
As we enter autumn weather cycles of low night temperatures and warmer daytime temperatures, Facilities Management staff have now completed the seasonal changeover of campus systems to heating for winter operation.Due to the type of heating and cooling systems used in different parts of Brock University’s main campus, many buildings are not capable of heating and cooling during the same cycle.Most main campus buildings get heating and cooling from Brock’s central cogeneration plant. However, standalone heating and cooling systems are in place at Cairns Family Health Bioscience Complex, Plaza Building, Kenmore Center, Harrison Hall, Lowenberger Residence, Village Residence and all satellite campuses.Anyone having questions or concerns about conditions in their building should contact Facilities Management at x3717 (firstname.lastname@example.org) or contact David McArthur, Associate Director, Maintenance and Utilities at x3278 (email@example.com).
CHICAGO — Grain futures were mostly lower Friday in early trading on the Chicago Board of Trade.Wheat for Sept. delivery rose 2 cents at $4.6860 a bushel; Sept. corn fell 4.40 cents at $3.5960 a bushel; Sept. oats was off 3.80 cents at $2.6120 a bushel; while Sept. soybeans declined 14.40 cents at 8.5120 a bushel.Beef was mixed and pork was lower on the Chicago Mercantile Exchange.Aug. live cattle was up .70 cent at $1.0480 a pound; Aug. feeder cattle was off .32 cent at $1.3750 a pound; Oct. lean hogs fell 2.77 cents at .6045 a pound.The Associated Press
by Martin Crutsinger, The Associated Press Posted Sep 21, 2016 12:33 pm MDT Last Updated Sep 21, 2016 at 4:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Federal Reserve Board Chair Janet Yellen arrives for a news conference on the Federal Reserve’s monetary policy, Wednesday, Sept. 21, 2016, in Washington. The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year’s end. (AP Photo/Alex Brandon) Fed keeps key rate unchanged but hints of coming hike WASHINGTON – The Federal Reserve is keeping its key interest rate unchanged but signalling that it will likely raise rates before year’s end.The Fed said in a statement ending its latest policy meeting Wednesday that the U.S. job market has continued to strengthen and economic activity has picked up. But it noted that business investment remains soft and inflation too low and that it wants to see further improvement in the job market.The central bank characterized the near-term risks to its economic outlook as “roughly balanced.” It was the first time it has used that wording since late last year, when it most recently raised rates. Most analysts have said they think the Fed will next raise rates in December.The Fed said its policy committee had concluded that “the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.”“The Fed appears to be firmly on track for a December hike,” Paul Ashworth, chief US economist at Capital Economics, said after the statement was issued.Stock prices rose after the Fed issued its statement and extended their gains during a news conference by Chair Janet Yellen in which she laid out her case for holding off on a rate hike for now. Major stock averages closed up around 1 per cent for the day.In her news conference, Yellen offered a simple explanation for why the Fed didn’t raise rates: The economy can still grow without hurting itself.She noted that historically low rates haven’t caused the economy to overheat as some analysts feared they would. Steady job gains have pulled discouraged workers back into the job market and yet inflation remains below the Fed’s 2 per cent target rate.“The economy has a little more room to run than previously thought,” Yellen said.Indeed, the Fed made clear in updated forecasts it issued Wednesday that it expects growth to remain tepid for at least three years. It expects the economy to expand just 1.8 per cent this year and by an almost equally sluggish 2 per cent in both 2017 and 2018.The policymakers also forecast that inflation will nearly reach the Fed’s target next year before achieving 2 per cent in 2018 and 2019. Inflation has remained below that level for over three years.For the first time since Yellen became Fed chair in February 2015, there were three dissents to the Fed’s statement. The three officials are all presidents of regional Fed banks — Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston. All wanted the Fed to raise its key rate at this meeting.“This seems to have been one of the most divisive FOMC meetings in recent memory,” Ashworth said.The Fed’s next meeting will occur just a week before the November elections, and many analysts think it wouldn’t want to raise rates so near Election Day. That’s why the last meeting of the year in December is seen as the most likely time for the next rate hike — as long as the economy keeps improving in line with the Fed’s expectations.In its updated forecasts, the Fed lowered its expectation for the long-range level of its benchmark interest rate to 2.9 per cent, from the 3 per cent it had forecast in June and 3.5 per cent before then.Until recently, many Fed watchers had thought a rate hike was likely this week. They believed that the Fed, starting with a late-August speech by Yellen in Jackson Hole, Wyoming, was preparing investors for an imminent increase.Other Fed officials, including Vice Chairman Stanley Fischer, made similar observations, seemingly part of a collective signal that a September rate hike was probable if not definite.Sentiment shifted, though, after Lael Brainard, a Fed board member and Yellen ally, laid out the case for delaying a resumption of rate increases for now. Brainard’s comments, coupled with a string of weaker-than-expected economic data, led watchers to conclude that there will likely be no rate increase this week.Job growth slowed in August. A manufacturing gauge slid back into recession territory. An index that tracks the services economy, where most Americans work, fell to its lowest level since 2010. U.S. shoppers retreated in August to depress retail sales after four straight monthly gains.And perhaps most critical for some Fed officials, inflation has yet to make significant progress in rising toward the central bank’s 2 per cent target range.The Fed’s statement Wednesday was issued hours after the Bank of Japan, struggling to rejuvenate an ailing economy, set a more ambitious goal for raising inflation and announced steps meant to raise the profitability of financial firms.Analysts expressed doubt, though, that the Bank of Japan’s new target would change the mindset of shoppers and businesses long used to a stagnant economy and flat or declining prices. They said they expected Japan’s central bank to eventually slash its policy rate further.___An animated explainer on the Fed’s benchmark rate: http://bit.ly/2daPpm5
Then-sophomore attackman Jack Jasinski heads for the goal in the fourth quarter during the first round of the NCAA tournament against Loyola Maryland on May 14, 2017. Credit: Sheridan Hendrix | Oller ReporterAfter its nine regular-season wins and thrilling national championship appearance last season, this year’s Ohio State men’s lacrosse team has a lot to consider ahead of its upcoming Big Ten season. As the only Big Ten team with fewer than six wins, Ohio State (5-4) begins conference play at home Saturday when it meets Penn State (6-3) at 3 p.m. Saturday at Ohio Stadium. The Buckeyes have been unable to break their losing streak, which has reached three games after losses to Towson, No. 3 Denver and No. 7 Notre Dame.The losses mean the game against the Nittany Lions, who are on a two-game win streak, will be critical for Ohio State’s playoff chances given that there are just five games remaining.“At this point, in terms of wins in conferences, it’s huge,” Ohio State head coach Nick Myers said. “I think every one of these games feels like a playoff game in the sense that you know you’re competing and positioning yourself for postseason play and making that conference tournament. Only four of the 16 teams will make it, so every game has got to have a kind of a playoff feel to it, and it just starts at the first one.”Ohio State’s 9-8 loss to Notre Dame Sunday didn’t do any favors for the Buckeyes’ record, but it did give the players a much-needed boost in confidence.Ohio State held strong and answered each Fighting Irish goal to remain within one late in the game, except for the game-tying goal. Myers said he was happy with the team’s offensive play, specifically its fast pace and number of quality scoring chances.“You hate to get those kinds of outcomes but I think you focus on the process of getting better, and I think we have improved. When you look at Towson, Notre Dame, Denver — these are final-four, quarter-final teams. These are good lacrosse teams,” Myers said. “You never accept losing, but you do need to be focused on improving, and I do believe that we have.”In many ways, the beginning of Big Ten play represents the start of a new season altogether. After the slow start, Ohio State has a chance to start fresh and commit all its focus to getting to the Big Ten tournament. Before it can make it there, however, Ohio State must clash against some of the top teams in the country, including a formidable No. 2 Maryland team (7-1), No. 6 Johns Hopkins (6-2), No. 9 Rutgers (7-2), and No. 15 Michigan (7-2).Myers said he knew the team could fix its issues from previous games, and said it spent this week addressing those problems. As the games get tougher and the stakes get higher, defensive cohesion and offensive consistency become all the more important for the team to compete in a conference stacked top to bottom with talent. “We took great strides last weekend against Notre Dame,” Ohio State senior attack Colin Chell said. “We’re just looking to carry that excitement and improvement through this week and then obviously to Penn State this weekend.”