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Perez denies Lopetegui ‘disloyalty’

first_imgReal Madrid Real Madrid president Perez denies ‘disloyalty’ over Lopetegui appointment Jamie Smith 03:52 6/15/18 FacebookTwitterRedditcopy Comments(0) Julen Lopetegui Getty Images Real Madrid Portugal v Spain Spain World Cup Primera División The club president says his team did not show any disloyalty towards Spain when it appointed the ex-national team boss as manager Real Madrid president Florentino Perez says the club did not show disloyalty to Spain in naming Julen Lopetegui their new coach directly before the World Cup.Lopetegui’s appointment as the successor to Zinedine Zidane was announced on Tuesday, much to the fury of Royal Spanish Football Federation (RFEF) president Luis Rubiales.The 51-year-old was then sensationally sacked by Spain on the eve of the World Cup, with Rubiales claiming he had only been given the courtesy of a “20-second” conversation with Perez to discuss the move. Article continues below Editors’ Picks Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp Sorry, Cristiano! Pjanic is Juventus’ most important player right now Arsenal would be selling their soul with Mourinho move Lopetegui, who was tearful at his Madrid presentation on Thursday, was replaced by Fernando Hierro as Spain’s coach for the tournament, having been unbeaten in his 20 games in charge during a two-year spell.Perez, though, hit out at Rubiales and insisted Madrid did nothing wrong in their approach for Lopetegui, comparing his arrival to Louis van Gaal and Antonio Conte being appointed by clubs despite leading national teams to major tournaments.”We made an agreement in just a few hours,” Perez told the media. “An agreement to work together after the World Cup, respecting the clauses of his contract. We wanted to make this agreement quickly before the World Cup to make it transparent to avoid any speculation and rumours.”There is no precedence that a manager agrees to become manager of a team after a competition and that agreement has somehow been interpreted as disloyal. If you think that this agreement is disloyal, well, that’s not how we do things in the 21st century in Spain. It’s not true at all.”We had an agreement in a few hours and we wanted to make it transparent and clear in just a few hours time to prevent leaks that could damage the national team.@julenlopetegui#WelcomeLopetegui | #RealMadrid pic.twitter.com/5eYmFEh6Ua— #CHAMP13NS  (@realmadriden) June 12, 2018″I told the president of the federation, which both parts had to agree. We had the legitimate freedom to make this agreement, it seemed all normal, and we thought there was going to be a press conference between the president of the federation and Julen Lopetegui, but it turned out to be a reaction of pride from the president who disrespected Real Madrid.”The president of Spanish football gave a response that is unprecedented. Conte, Van Gaal and dozens of managers have decided to move on before or during competitions, but Real Madrid are proud to have been able to contribute to the success of the national team.”That’s why it’s very important to be unified and to be able to grow and be the most respected and loved club in the world. We need to work together against those who love to destroy our image. I don’t want to be the victim but we need to come together against this wave of anti-Madridismo, especially when we’re having one of the best moments in our history.”61 – Spain scored at least one goal in every game they played under Julen Lopetegui, netting 61 goals in total (an average of 3.05 per game, 20 games played). Fired. pic.twitter.com/DrHCtq2lVX— OptaJose (@OptaJose) June 13, 2018Perez reiterated his confusion at Rubiales sacking Lopetegui and not allowing the coach to lead Spain into the World Cup, with senior players having reportedly lobbied for him to remain in post.”We are hugely surprised and we still can’t believe or understand why this agreement would affect players who are totally committed to being world champions again,” Perez added. “They are hugely professional players and this agreement would not affect their effectiveness – there is nothing that justifies Julen Lopetegui not being on bench for tomorrow’s game [against Portugal]. We are sorry he couldn’t fight for this huge desire to make Spain world champions.”We have the satisfaction of having a great manager, we want to continue making history together. He is a man fulfilling one of his dreams and it’s a huge challenge that not many people get to face.”last_img read more

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18 days agoMan Utd hero Ince blasts De Gea for Newcastle interview: Would Schmeichel say that?

first_imgAbout the authorFreddie TaylorShare the loveHave your say Man Utd hero Ince blasts De Gea for Newcastle interview: Would Schmeichel say that?by Freddie Taylor18 days agoSend to a friendShare the loveManchester United hero Paul Ince has blasted David De Gea for his post-match interview after Sunday’s loss to Newcastle United.The Spaniard was at a loss for words when speaking to reporters after the 1-0 defeat at St. James’ Park.”I watched David de Gea’s post-match interview and I was at a loss,” Ince said to PaddyPower.”He’s meant to be one of the leaders. If that was Peter Schmeichel standing there, there’s no chance you’d have seen that interview. Rather than him addressing and recognising where the team were going wrong, it just felt like ‘I don’t know, I don’t know, I don’t know.'”This is one of the top players, the leaders at Man United, who has just signed a five-year contract. And he looks like he doesn’t have a clue what’s going on.”If you’re a United fan listening to your goalkeeper, one of the main leaders in the team, and that’s the interview you hear you’d be right to [think it was a disgrace]. I’d be looking thinking, ‘he doesn’t have a clue what’s going on – I bet he’s regretting signing that contract.'” last_img read more

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15 days agoBarcelona comms chief Vives denies Valdes kicked out back door

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Barcelona comms chief Vives denies Valdes kicked out back doorby Carlos Volcano15 days agoSend to a friendShare the loveBarcelona comms chief Josep Vives denies the club kicked Victor Valdes out the back door.Valdes was sacked as U19 coach this week.Vives said, “It is a technical decision and it is not the responsibility of any spokesperson. The club always tries to make people, not just the referents, leave in the best way possible. “We disagree with the issue that Valdés has gone out the back door.”He added: “It always hurts when a person leaves the club, and more with the history of Victor. The club wanted it to work well and that his stage was long and successful.” last_img read more

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5 days agoLiverpool legend Souness scoffs at Man Utd youth policy

first_imgAbout the authorPaul VegasShare the loveHave your say Liverpool legend Souness scoffs at Man Utd youth policyby Paul Vegas5 days agoSend to a friendShare the loveLiverpool legend Graeme Souness has questioned Manchester United’s youth policy.He warns that United won’t be able to nuture these players if they are drafted into a squad low on confidence.”Ever since the Busby Babes, the club have made a fetish out of youth,” Souness wrote in the Sunday Times. “In itself, that is no bad thing, especially at a club which subsequently brought George Best through its ranks and then produced the Class of 92. “It’s possible that the likes of Marcus Rashford, James Garner and Mason Greenwood might go on to emulate their illustrious predecessors — though I’m sceptical — but just because they have been picked to start for United while they are still teenagers doesn’t make it so. “The difficulty is compounded by the fact that they are being thrust into a team which is shorn of authority and confidence.” last_img read more

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Video: Judging By This Backflip, Michigan’s Jabrill Peppers Appears Healthy In 2015

first_imgJabrill Peppers walks off the field for Michigan.ANN ARBOR, MI – NOVEMBER 19: Jabrill Peppers #5 of the Michigan Wolverines leaves the field after a 20-10 win over the Indiana Hoosiers on November 19, 2016 at Michigan Stadium in Ann Arbor, Michigan. (Photo by Gregory Shamus/Getty Images)Jabrill Peppers arrived at Michigan last year as one of the most heralded recruits in the country. However, his freshman season was cut short due to injury, and he ended up taking a medical redshirt.Michigan began spring drills this week, and judging by this video Peppers posted on Twitter, he’s 100 percent healthy and very fired up to be on the field.TURNT‼️ pic.twitter.com/GrnGLVUX6N— Breez (@JabrillPeppers) February 25, 2015That backflip was in the middle of special teams drills. Imagine how excited Peppers will be when he gets to play in the secondary.It will be interesting to see how Peppers looks in 2015, assuming he stays healthy. He has the ability to be a breakout player for the Wolverines.last_img read more

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Kobe Bryant Says Hes 100 Percent Healthy Wants Voice

Kobe Bryant, who has been quiet for months, said Thursday on ABC’s Jimmy Kimmel Live that he is healthy and prepared to return to the NBA in top form next season.Bryant, the Los Angeles Lakers’ superstar guard, missed all but six games of this season because of a fractured knee and torn Achilles in his left leg.“From a health standpoint, (I’m) 100 percent,” Bryant said. “I started doing a lot of on-court training and so I’m back into my routine. Then I’ll start lifting and start doing the running, which I hate. By the time the season comes around, I’ll be ready to go.”He expects to have many new teammates, and the team is amid a coaching search, one in which he hopes to have a valued opinion.“On the last two (hires) they didn’t,” Bryant said, referring to Mike Brown and Mike D’Antoni, who both did not last the length of their contracts. “On the third one, I’m hoping they do.”D’Antoni was offered a buyout to leave the Lakers and accepted it. Bryant’s response? “I didn’t care,” which can be interpreted as code for he wanted a change.Bryant said he and the Lakers brass, Jim and Jeanie Buss, share an “open-door policy” and communicate regularly.  As for a new coach, Bryant said, “Honestly, it’s not really about whether the players like the coach or not. It’s really about getting results. Liking somebody and those results don’t necessarily go hand-in-hand.“Sometimes when a coach is driving you, you don’t necessarily like it, but it’s a part of the process, and then once you win, everybody is buddy-buddy after that.”“Jimmy and Jeanie both, they’re just really determined and excited about the possibilities of next season and rebuilding this and building on their father’s legacy and everything that he’s accomplished,” Bryant said. “And they’re taking the challenge extremely, extremely seriously. They’re both on the same page and they want nothing but excellence here, so I have no doubt that we’ll make it happen.”Ever the optimist, he said he expects the Lakers to return to prominence soon.“I do,” said Bryant, who will be 36 soon. “We’ll make changes, for sure. There’s certain characteristics that you have to build your team around in speed and length and rebounding and defense. We’ll make those adjustments.” read more

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Baseball Ohio State begins ninegame homestand against Northern Kentucky

Scouting Northern KentuckyThe Norse have had a rough time getting things going this season, compiling a 12-22 record that includes an abysmal 6-19 road record. The one thing that has gone well for the Norse this year has been their ability to produce at the plate. As a team, they are batting .275 with 36 home runs so far this season, including a pair of hitters with eight home runs and four regulars batting above .300. The team has scored a total of 211 runs, averaging 6.21 runs per game. Its star bat this season has been junior first baseman and pitcher Trey Ganns. Ganns has eight home runs, while his .310 batting average is sitting as the team’s second-highest among starters. Ganns, the team’s cleanup hitter, has demonstrated an acute ability to clean up the bases, leading the Norse with 32 RBIs this season.Scoring runs has not been an issue for the team. Rather, the issue has been keeping the opponents from scoring runs of their own. Across 287.2 innings the season, the Norse have posted a team ERA of 6.41, which ranks 260th out of 295 Division I programs. Pitchers have struggled to limit contact, having surrendered 364 hits this season (.370 opponents’ average). Finding More Consistency in the OffenseThe Buckeyes’ inability to keep the bats going for extended periods of time has been cited by coach Greg Beals as the chief issue for the team.After the team took two of three against Penn State with a combined 16 runs over the final two games of that series, the OSU offense mustered just two combined runs against a pair of midweek opponents in Cincinnati and Eastern Michigan, and was shut out by Michigan State in its first of the three games in the past weekend’s series. “We’ve been working really hard just with our offensive approach,” Beals said in a press conference last Thursday. “The two midweek games, we didn’t score enough runs to win the game, especially Wednesday night’s game, we pitched the ball really, really well.”Though his team has shown a lot of signs of struggle, Beals said he believes the talent is there for his team to start putting it all together, and he hopes his bats can click in opportune moments.“Each of the guys in our offensive lineup have shown signs of greatness, and we’ve got to find a way to get that out more consistently, and it’s an approach thing that we’ve got to do,” Beals said. “We’ve got to make sure that we are locked in on the pitches we are going to get and be consistent in that approach throughout an at-bat and be able to string some quality at bats together to produce some runs.”The Buckeyes hope to get that offense going again when they take on Northern Kentucky on Wednesday with first pitch scheduled for 6:35 p.m. Then-junior outfielder Tre’ Gantt is greeted by teammates outside the dugout after scoring a run over the weekend in the Big Ten/Pac-12 Challenge in Surprise, Arizona. Credit: Courtesy of Press Pros MagazineOhio State (15-21, 4-8) has been on the road for a while.It’s had some midweek home games mixed in there, but the past two weekend series have been on the road for the Buckeyes.Now OSU is getting a chance to enjoy some home cooking with its second nine-game homestand of the season, which will kick off on Wednesday with a matchup against the Northern Kentucky Norse (12-22, 6-6 Horizon League).The Buckeyes found little success the last time they played nine consecutive home games, amassing a 4-5 record and a 1-4 record in conference games. read more

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Neville can understand Rooneys move

first_imgWayne Rooney is likely to leave Everton after just one season and join DC United in the American MLS – and Gary Neville can understand this decision as playing again in your old club just isn’t the same.The former England international has been a key player this season for the Toffees but he is likely to leave in the summer, while Gary Neville insisted that it is understandable that he wants to try something different in his career.The former Manchester United player spoke about Rooney’s situation, according to Sky Sports:Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“I thought it was nice that he went back to Everton, but it never quite works when you go back.”“My view is that to experience something completely different would be a great thing for him – to get away and try something different.” “He’s got 30/35 years of his life to think about, coming pretty quickly. To experience different things, different culture, different environment, and to learn about new things is not a bad thing for him.”“He’s got a big decision to make in the next couple of years about what he does in his post-career.”last_img read more

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We shouldnt be in the situation – McCarthy

first_imgSouthampton goalkeeper Alex McCarthy believes the club shouldn’t be in their current situation of having to battle for Premier League survival.The Saints are currently seated in 19th position three points from safety and have already sacked Mark Hughes replacing him with Ralph Hassenhuttl.The former RB Leipzig becomes Southampton’s fifth managerial appointment in the space of four years, as they struggle to find some consistency, however, McCarthy believes the club are too big to get relegated.“I would probably be able to enjoy it more if we were higher up the table,” he said, according to the Telegraph.“Southampton is a massive club. We shouldn’t be in the situation that we’re in.”Solskjaer slams Man United’s draw: “We should have won” Andrew Smyth – August 31, 2019 Ole Gunnar Solskjaer was left to rue another missed opportunity as Manchester United were held to a 1-1 draw against 10-man Southampton.McCarthy also spoke about his improvement over the last 12 months, as he became a regular in the English National team setup.McCarthy made his first appearance in the Premier League last season during a 0-0 draw at Old Trafford last December and has permanently replaced Fraser Forster as the club’s first choice shot-stopper.He has been the mainstay in the goalkeeping department for the Saints in 2018, but the club have won only four Premier League games since the turn of the year.“It has been a very good year,” says the 29-year-old. “I’m happy. Playing week-in, week-out takes care of everything else. I can enjoy my life outside of football.”last_img read more

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Study more to do as oil trains pose new risks

first_imgIn Vancouver, local officials have said emergency responders aren’t currently prepared to deal with a major disaster that may result from the nation’s largest proposed oil-by-rail operation.Tesoro Corp. and Savage Companies want to build an oil transfer terminal at the Port of Vancouver capable of handling an average of 360,000 barrels of crude per day. The so-called Vancouver Energy terminal would move more oil by train than any single facility in the United States.The city this year sought an independent assessment of the region’s readiness for possible oil spills, explosions or other accidents. The state Energy Facility Site Evaluation Council, now reviewing the Vancouver Energy proposal, ultimately decided to wrap that into an overall environmental assessment of the project.The consultant completing the preparedness review will be Cardno Entrix, an Australia-based company that has done work for Tesoro on other matters.Separately, marine responders have said the $210 million Vancouver Energy facility would require an update of the region’s emergency spill plans on the lower Columbia and Willamette rivers. Responders now plan for a worst-case scenario of 300,000 barrels of oil released into the water; vessels leaving the proposed Vancouver terminal would carry as much as 350,000 barrels of crude at a time.After its review of the proposal, the site evaluation council will make a recommendation to Gov. Jay Inslee, who has final say. The decision could, however, be appealed and wind up in front of the state Supreme Court.last_img read more

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Lamborghini Aventador SVJ 63 Roadster ups the exclusivity factor

first_img Preview • 2019 Lamborghini Aventador SVJ: Verdant velocity Lamborghini Aventador SVJ 63 Roadster, Huracan EVO GT Celebration dazzle 2020 Audi R8 first drive: Improving an already fantastic supercar Comment Monterey Car Week 2019 Lamborghini 5:37 More about 2019 Lamborghini Aventador SVJ 1 More From Roadshow Tags 2019 Lamborghini Urus review: Part SUV, part supercar Exotic Cars Performance Cars 2020 Lamborghini Huracán Evo Spyder first drive: Worth every sunburn Lamborghini’s Aventador SVJ is more than a ‘Ring monster Now playing: Watch this: 62 Photos Enlarge ImageJust 63 of these supercars will be made. Antuan Goodwin/Roadshow It certainly wouldn’t be Monterey Car Week without a flood of new concept cars and supercars. Lamborghini didn’t disappoint and revealed not one but two models on Friday. First up is the Lamborghini Aventador SVJ 63 Roadster. Naturally, it follows the SVJ 63 Coupe revealed previously and it’s also limited to, as the name implies, 63 units globally. The production figure corresponds with the Italian firm’s founding year of 1963. Any 1 percenters looking to add a new supercar to the garage will have the chance to select one of eight design motifs for the SVJ 63 Roadster, though the photos depict the matte gray Grigio Acheso with orange details. The car also sports a set of matte titanium wheels and a special carbon-fiber part that covers roof, engine cover, engine air vents, windshield surround and mirrors. There will be no mistaking this special edition for any other Aventador as it wears a “63” livery inside and out, too. The cockpit of this Aventador SVJ 63 Roadster features gray and orange to match the exterior, though it shares other elements with the seven additional design motifs. Each of the 63 cars will come with tri-tone Alcantara upholstery, carbon-fiber trim and a steering-wheel badge to mark the SVJ 63 Roadster’s significance. Like all other SVJs, a 6.5-liter V12 makes 760 horsepower. Lamborghini Huracán EVO GT CelebrationEnlarge ImageLamborghini is proud of its racing success so far, so it made a tribute model. Antuan Goodwin/Roadshow If the Aventador SVJ 63 isn’t flashy enough for you, the Huracan EVO GT Celebration should do the trick. It honors the Huracan EVO GT3 race car that’s come off of two banner racing seasons, including two consecutive wins at the 24 Hours of Daytona and 12 Hours of Sebring. The company said it will build 36 of these cars — the sum of 24 and 12 to represent the EVO GT3’s dominance on the track. The wild green and orange livery is meant to evoke the GRT Grasser Racing Team livery, which is one of the teams that’s contributed to Lamborghini’s winning streak. I admit, it’s rather polarizing, but the company said there are eight other combinations to choose from with three other colors. No matter which color, the livery style stays the same, as does the racing number 11. Badging and vinyl also mark the race car’s championship wins on the sides and near the engine bay. Finally, the Lamborghini Squadra Shield is an option for the roof with the Italian and US flags framing it. Meanwhile, the interior features the shield, flags and laurel as standard equipment and color-contrast stitching depending on which color scheme an owner chooses. Like other Huracáns, a V10 provides the power. A shame if you’re not local to North America because other global buyers won’t have the chance to own an Huracan EVO GT Celebration. Both special-edition cars will arrive in early 2020. Share your voice Lamborghinilast_img read more

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Manju Warriers Jack N Jill directed by Santosh Sivan is a scifi

first_imgFacebookManju Warrier, the Lady Superstar in Mollywood, is currently enjoying the success of her latest movie ‘Lucifer’. The versatile actress is now busy with the works of her new movie Jack N Jill and sources revealed that this will be a sci-fi thriller.Jack N Jill is being directed by acclaimed cinematographer Santosh Sivan. It should be noted that this upcoming movie marks the comeback of the ace cinematographer as a director in Mollywood after 2011 period drama Urumi that featured Prithviraj Sukumaran and Genelia in lead roles.Kalidas Jayaram will be playing a crucial role in Jack N Jill. The supporting star cast in the movie includes Suraj Venjarammoodu, Nedumudi Venu, Ramesh Pisharody and Basil Joseph.As per the latest updates, the makers are planning to release Jack N Jill in Tamil and Malayalam. It was previously reported that Aditi Balan, who made a memorable debut in the acclaimed flick Aruvi, is also playing a crucial role. However, Aditi has clarified that she has not been approached yet.Apart from directing the movie, Santosh Sivan will be handling cinematography. In the meantime, he will be also cranking the camera for Rajinikanth-AR Murugadoss movie Darbar.Jack N Jill is bankrolled by Lensman Studios, a Dubai-based company. On the other hand, Manju Warrier will be also seen playing crucial roles in Marakkar: Arabikkadalinte Simham and Tamil movie Asuran. Mohanlal is playing the lead role in Marakkar: Arabikkadalinte Simham, while Asuran has none other than Dhanush playing the title role.Asuran also marks the Tamil debut of Manju Warrier and expectations surrounding the movie was recently spiked when the first look poster was released.last_img read more

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Latif Siddique sent to Dhaka for treatment

first_imgIndependent candidate for Tangail-4 constituency Abdul Latif Siddique. Prothom Alo File PhotoIndependent candidate for Tangail-4 constituency Abdul Latif Siddique, who fell sick while continuing indefinite hunger strike protesting at an attack on his motorcade during electioneering, was sent to Dhaka for treatment Wednesday afternoon.Earlier in the morning, he was admitted to Tangail General Hospital as he fell sick, reports UNB.Tangail General Hospital supervisor Narayan Chandra Shah said they suggested taking him to a Dhaka hospital for better treatment as his condition deteriorated.Latif Siddique was sent to Dhaka with police protection, said Sayedur Rahman, officer-in-charge of Tangail Model police station.Demanding the withdrawal of Kalihati police station officer-in-charge and immediate arrest of those attacked his motorcade, former Awami League minister, who is contesting the upcoming election from Tangail-4 (Kalihati) constituency, began hunger strike on 16 December.He fell sick on Tuesday night while continuing his demonstration in front of the office of the returning officer and deputy commissioner of Tangail Shahidul Islam for the second consecutive day, braving cold and rain.Latif Siddique came under attack allegedly by the supporters of a local MP-backed union parishad chairman in Soratail of Kalihati upazila that left 20 people injured.last_img read more

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Morgan Summer Program Mentors Young African Leaders

first_imgYoung African leaders Gorata Seleb, Adeboyega Adewolu and Angela Gichaga are participants in Morgan’s YALI program. AFRO Photo/Anderson R. WardTwenty-five young leaders from 18 African countries are on the campus of Morgan State University during June and July taking part in a multi-disciplinary learning experience. The Young African Leaders Initiative (YALI) comes to Morgan’s Public Management Institute to explore some of the key issues facing communities around the world including financial management, public health, the environment and policy analysis.Morgan’s Public Management Summer Program, which began on June 16 with an opening ceremony, runs through July 25 with activities planned daily. Program participants will tour several Baltimore and Maryland educational venues, complete a leadership training program, learn about environmental and cross-cultural issues and their impact on society, and effective communication skills. During the six-week program, the YALI leaders are expected to learn about key issues and best practices in public management that they can take back to their home countries.The public management program is part of Morgan State University’s Public Management Institute, with support from the School of Engineering and the MSU Institute for Urban Research.last_img read more

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Are Buyers Losing Confidence in the Market

first_img in Daily Dose, Data, Featured, News December 14, 2016 491 Views Are Buyers Losing Confidence in the Market? Confidence in the market is waning among would-be homebuyers, but at the same time, consumer enthusiasm for personal financial situation and country’s economic direction, according to the Housing Opportunities and Market Experience (HOME) survey for the fourth quarter from NAR.Approximately 78 percent of those surveyed in Q4 said now is a good time to buy a home, compared with 82 percent in the fourth quarter a year ago, according to NAR. A sharp decline in confidence was experienced among renters, with 57 percent in Q4 believing now is a good time to buy compared with 68 percent in Q4 2015.“Rents and home prices outpacing incomes and scant supply in the affordable price range has been a prominent headwind for many prospective buyers this year,” he said. “Making matters worse, the unwelcoming reality of higher mortgage rates since the election is likely further holding back confidence. Younger households, renters and those living in the costlier West region—where prices have soared in recent months—are the least optimistic about buying.”Even with the headwinds facing buyers, existing-home sales sold at an annual pace of 5.42 million in 2016, the best year for existing-home sales since they sold at an annual clip of 6.47 million in 2006. Yun said the pace of existing-home sales is expected to bump up slightly in 2017 to 5.52 million while the median home price continues its upward climb (forecasted to rise by approximately 4 percent), and ditto for mortgage rates (up to approximately 4.6 percent by the end of 2017)“Although the economy is expected to continue to expand with around 2 million net new job creations, existing home sales are expected to see little expansion next year because of affordability tensions from rising mortgage rates and prices continuing to outpace income growth,” said Yun.Despite fewer prospective buyers expressing confidence in the market, the survey showed that more consumers in Q4 expect the nation’s economy to improve under the new administration. However (54 percent, compared with 48 percent in Q3), with consumers under 44 living in urban areas with higher incomes expressing the most enthusiasm for the economy next year. The share of consumers who believe their personal financial situation will get better in the next six months rose from 58.6 in Q3 up to 59.8 in Q4, according to NAR.Yun said he is hoping the optimism for the economy along with job gains and more millennials reaching the prime home buying age will fuel growth in housing next year.“Some would-be sellers may be reluctant to move up or trade down—especially if they’ve refinanced in recent years,” said Yun. “That’s why it’s extremely necessary for homebuilders to step-up their production of homes catered to buyers in the affordable price range. Otherwise the nation’s low homeownership rate will struggle to shift higher in 2017.”Click here to view the complete survey.center_img Share Housing Market Market Predictions 2016-12-14 Seth Welbornlast_img read more

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October 16 2006 Arcosanti produce won many awards

first_imgOctober 16, 2006 Arcosanti produce won many awards at this years Yavapai County Fair. Foundry staff Joan Lundell, among others, helped to set-up at the recent Fair. Arcosanti produce won many awards at this years Yavapai County Fair. Foundry staff Joan Lundell, among others, helped to set-up at the recent Fair. [Photo: Sarah Beth Kurzhals text: Rafael Carvao] Sarah Beth Kurzhals, the present Agriculture Manager, is collecting some of the Arcosanti produce for the fair. Vegetables and fruit from the gardens are served in the meals prepared in the Cafe, and also sold during farmers market in the Arcosanti cafe, once a week, for visitors and residents. [Photo: Sarah Beth Kurzhals & text: Rafael Carvao] On a beautiful night, in the Camp Gardens last week, all of the community had the pleasure to enjoy the good atmosphere and all home-made dinner prepared with the award winning produce grown in the Arcosanti Gardens. [Photo & text: Rafael Carvao]last_img read more

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Rep Howrylak unveils plan to simplify prevailing wage formula

first_img15May Rep. Howrylak unveils plan to simplify prevailing wage formula State Rep. Martin Howrylak today unveiled a plan to align Michigan’s prevailing wage formula with the national Davis-Bacon Act wage structure.Currently, Michigan’s prevailing wage requires the state to engage in survey taking of employers, and results in a substantial amount of labor analysis and wage determinations. Oftentimes, illogical wage profiles result, such as grouping wages in Saginaw or Detroit with Houghton. Furthermore, since Davis Bacon wages are already determined by the federal government, the state would save the money and effort of administering a faulty and duplicative system of wages. From an employer standpoint, there is much less record-keeping because there are fewer wage rates.“This ends up being a bump for some wages but a drop for others because it is a fairer, more broadly determined wage,” Rep. Howrylak said. “It does not discriminate in setting the rates to only union contract jobs as the state does and is more properly divided regionally”Rep. Howrylak, of Troy, said his legislation is a solution to the debate over prevailing wage, which requires public works construction projects to offer prevailing union wages and benefits to workers. A ballot petition to repeal prevailing wages is underway, but Rep. Howrylak said his measure will preserve the wage structure in a more simplified form, thus benefiting both employers and employees.“In Michigan there are scores of different classifications of workers and differing prevailing wages depending on which region in the state the construction takes place,” Rep. Howrylak said. “Aligning our formula with the federal plan will streamline the contracting process by reducing the number of geographic regions, which will limit the multitude of job classifications. This is a good middle ground that will benefit employers and employees by simplifying the prevailing wage process.”Rep. Howrylak’s legislation, House Bill 6008, also includes a provision that public construction jobs receiving less than $50,000 in state funding be exempt from the prevailing wage law. This amount should allow for a school or institution to get significant repairs or replacements done in a hurry, such as roof or water damage after a storm, without having to go through a protracted bidding process.House Bill 6008 has been referred to the House Committee on Commerce and Trade.##### Measure benefits both employers and employees center_img Categories: Howrylak News,Newslast_img read more

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In This Issue   Markets think the elections ar

first_imgIn This Issue. *  Markets think the elections are good for the U.S. *  Gold loses $28 and probably more as the day goes on! *  Canada gets a renminbi hub! *  U.S. Trade Deficit soars to $43 Billion! And Now. Today’s A Pfennig For Your Thoughts. Currencies & Metals Get Ambushed! Good Day!…  And a Wonderful Wednesday to you! Right from the top this morning (and before I have a senior moment) I want to say a GREAT BIG HAPPY BIRTHDAY to the lovely Rachel Butler. Oldest son, Andrew’s lovely bride, Rachel. I always think of the first time I met Rachel, it was at the Annual Butler Christmas Party, and I thought, she’s perfect for Andrew! And so it was, a few years later, they were married! Now, she’s a Butler, and a big part of our family. Happy Birthday, sunshine. Well, there’s no sunshine for the currencies and metals this morning, and guess what’s getting blamed for this ambush this morning. The results of the mid-term elections in the U.S. last night, which saw the Republicans gain the Senate for the first time in long time, and the markets are all giddy about this prospect.  It seems they think that this will grease the tracks for clearer decision-making to take place. Hey! I didn’t say that, the pundits out there in writer-land did! I’m just reporting what they are associating the ambush on the currencies and metals this morning with. Of course, I could very easily say to them, if they would hear me now and listen to me later, that this is no panacea for debt cutting, and budget balancing. For, when this dollar weak trend began we had the same scenario, expect the President was from the other party. Remember that? So, I guess what I’m saying is that there’s no guarantee that business will recover because of the party in charge. And that’s all I’m saying about this political stuff, because it gets me nowhere, I’ll tick off half the readers, and make the other half not so happy because I didn’t jump up and down in an euphoric dance!  But, the damage to the currencies and metals this morning is UGLY. They aren’t just getting hit with the UGLY stick, they are having the whole forest hit them! Gold is down $26 this morning, and looking like it could go even lower. Last night I was reading a report from Casey Research, and the headline of the story read: Sellers Waterboard Gold – Is The Price Torture Over?  Well, the markets are answering them this morning, and saying not no, but Hell No! I saw another conspiracy thought yesterday regarding who’s behind this latest drive to get Gold cheaper. The thought centered around the Swiss Gold Referendum. Saying that the Swiss are behind this move to get Gold cheaper, for they believe they will lose the resistance to the Referendum, thus requiring them to buy 1,700 tonnes of Gold, as I explained last week. Well, if they have to start buying, wouldn’t it be better to start at a cheaper price? Of course it would be. But let me ask this question, and don’t get me wrong, the idea is solid, just not the player. Do they really think the Swiss National Bank (SNB)  have enough intestinal fortitude to do this? I don’t.  But then they did pull of that devaluation of the franc two years ago, and the markets barely batted an eye. Well, this is no fun. watching Gold get ambushed day after day by the paper trades. As I told you yesterday, Koos Jansen reported that China has an insatiable demand for physical Gold, and Russia, and Turkey, and Brazil, I could go on, but just about every county in the East and Middle East are adding to their Gold reserves. Are they doing this for the hell-of-it? Or, are they doing so, because they see something coming down the pike that’s going to be UGLY. Even uglier than this ambush of the currencies and metals this morning by the dollar bugs. But you know. I told you months ago that I thought the dollar was ready to have a short period of strength, and could drive the euro down to below 1.20. I just didn’t think it would come this quickly, which leads me to believe that we could very well see a bounce that’s based on the drop in the currencies was too far, too fast. We usually see that. I’m just saying. OK. on Monday I told you the Big News regarding the direct convertibility of the Chinese renminbi, with Singapore dollars. Well, it was Big News as far as I’m concerned, and let me remind you that in 2008, I began writing about the currency swap agreements that China was signing with one country at a time, and thought that too was Big News, even if most news outlets didn’t see it that way.   And then yesterday, in the Canadian National Post, was more Big News. Apparently, this coming weekend, when Canadian PM Stephen Harper visits China, both he and the Chinese will use the visit as an opportunity to announce that Canada (Toronto) will become a trading hub for the renminbi, thus allowing Canadian firms to trade directly in the local Chinese currency, rather than converting loonies in U.S. dollars to do business in China.   This is the culmination of the currency swap agreement that was signed last year between the two countries, where they agreed to swap each country’s currency, thus leaving out the U.S. dollar, in the terms of trade between the two countries.  Now there is a Hub in Canada, for depositing renminbi, by Canadian firms doing business in China. It just keeps growing bigger and bigger all the time folks. The Chinese drive to gain a wider distribution of the renminbi, which is the number one requirement of a reserve currency! I don’t know of any other way I can emphasize the importance of the news regarding the renminbi this week. I can no longer do handstands or cartwheels (I was a on the “tumbling team” as a young man in elementary school, yes, I know, look at me now, go ahead and laugh, that’s OK, I know that somewhere in this extra-large body is the Chuck that was quite, what my dad used to call, a country athlete)  But I digress.   What I’m saying is this is absolutely crazy that no news outlets are of the same mind as me and believe this news is important. UGH! I told you yesterday that the Reserve Bank of Australia (RBA) left rates unchanged, and didn’t take their meeting as an opportunity to deep six the Aussie $ (A$). But today, the A$ has lost over 1-full cent. Why? Wasn’t the fall from $1.04 to the low 90-cent range, tied to the weak prices in commodities, namely iron ore? And then the fall from the low 90-cent range to 88-cents due to RBA jawboning the currency lower? And then what’s to blame for this next downward move?  I really think the interest rate differential narrowing talk in favor of the U.S. dollar is getting overblown. But it is what it is, right? We have to deal with it. until someone has a V-8 head slap moment, and realize they have been premature with their thoughts about rates in the U.S.. That could take some time, folks, for these knuckleheads have very thick skulls! Or, it could last until the next round of QE is announced. Yes, I know that’s not carved in stone, and it might never happen, but as I said the other day, if it doesn’t ever happen, then I’ll believe that pigs can fly.  So, I guess it would be good to talk about when I suspect the next round will come. They were discussing the timing of the next round of QE (QE4) in the 5 Minute Forecast / The “5” last Thursday, and they said that James Rickards pointed out that” the time between the end of QE1 and the start of QE2 was 17 months. The time between the end of QE2 and the start of QE3 was 15 months. So, expect QE4 in late 2015″.  And I thought, no, no, no, that can’t be, I see the lack of liquidity and the drop in inflation happening far before that. And then The “5” went on to say that they have this “Oh Sh*t” Graph, that tracks inflation. And funny thing, every time, since 2009, that inflation dropped below 2.2%, the Fed has embarked on another round of QE, and guess what the graph is telling us now?  “Uh-Oh, the line has been breached!  Inflation has dropped below 2.2% again. Come again, I hear you saying. Are you telling me that we could expect QE4 at any time now? Ahhh, grasshopper, not quite yet. the Fed will have to see that all their hard word of the past 6 years is being undone for sure first.   Because consumer inflation can be volatile, but we should continue to look for this to happen. And when it does, all this talk of dollar strength will be reversed, or at least that’s how I see it, it’s my opinion and I could be wrong! Well, the U.S. Trade Deficit widened by an amount that was not seen or forecast by the experts in September, and guess what the culprit was? Well, first let’s talk about the size of the Trade Deficit, which printed at $43 Billion in September, up from $40 Billion in August.  The deterioration came from exports falling 1.5% and imports remaining unchanged.  So, guess what the culprit was?  The relatively stronger dollar.  Just another unintended consequence of a strengthening currency on a country that depends so much on exports to offset the imports that are usually quite high.  Of course, exports could have been held down too, by the slowing economies of the world. But, these countries still need capital goods, no matter how slow their economies are, just like here in the U.S. we import things like Oil no matter how slow the economy is. The U.S. Data Cupboard was busy yesterday with the Trade Deficit print, and the ugly -.6% negative print of Factory Orders, which wasn’t as bad as August’s -10% print, but ugly nonetheless.  The NY regional ISM (manufacturing index) fell from 63.7 to 54.8. That’s a HUGE drop, but these regional reports can be volatile, and I grew tired of reporting on them because they never seemed to have any bearing whatsoever on the National ISM, but this one stuck out like a man with a hatchet in his forehead! Today’s Data Cupboard will begin to get us ready for the Jobs Jamboree on Friday, when the ADP Employment Change report for Rocktober. This report is expected to show that 220,000 jobs were added in Rocktober.  The song: The Walker, by Fitz and the Tantrums is playing, and I have the speakers turned up so loud, it’s a good thing I’m here by myself! This is a real  wiggle and bounce in your chair song!  I had a laugh the other day, when the National ISM report and the Markit version of ISM printed for Rocktober.  One showed a HUGE gain in the index up to 59, and the other showed a lower number of 55. Now remember this printed on Monday before the elections yesterday, so guess which one the Gov’t is responsible for printing and which one is a public company. Are you laughing out loud with me on this? That gain to 59 was so trumped up that it made it look ridiculous! The size of the, no wait I can’t say that. I’ll just say that the boys and girls printing that number were brave, eh? I read a story on the Bloomberg this morning that pretty much sums up the data prints in the U.S..  Let’s see what the Bloomie has to say.. “Paul Singer’s Elliott Management Corp. said optimism on U.S. growth is misguided as economic data understate inflation and overstate growth, and central bank policies of the past six years aren’t sustainable. Nobody can predict how long governments can get away with fake growth, fake money, fake jobs, fake financial stability, fake inflation numbers and fake income growth,” New York-based Elliott wrote. “When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors.” Amen brother! I think this is bang on, folks. and I’m glad I happened to see it, as I was looking through stuff on the Bloomie this morning. My email box was loaded with emails from the WSJ and Washington Post this morning, giving me the results of the all the races, as if I really wanted to see all those! UGH!, so I spent part of the morning, deleting over 100 emails!  Gold isn’t the only metal getting ambushed this morning by the dollar. Silver has a $15 handle, Platinum has lost $25, and Palladium has lost $42 since yesterday morning. OMG! (oh my goodness!) This is crazy folks, just downright crazy! For What It’s Worth. There’s something happening here, what it is, ain’t exactly clear.  Yes, I’ve waited a long time to use that line after the FWIW beginning. and today’s piece works out perfectly, for we have some numbers, but it’s just not clear what to make of them yet.  I saw the headline on Ed Steer’s letter, and so I went to the site at Newsmax.com to find the story. Are you ready? Yes, I’m ready. “The portion of home purchasers who are first time buyers dropped to 33 percent for the 12 months through June, the lowest since 1987, and down from 38 percent a year earlier, according to a survey by the National Association of Realtors. The average since 1981 is 40 percent. “Rising rents and repaying student loan debt makes saving for a down payment more difficult, especially for young adults who’ve experienced limited job prospects and flat wage growth since entering the workforce,” Lawrence Yun, the NAR’s chief economist, said in a statement. Average hourly wages for all workers rose only 2 percent in the 12 months through September. “Adding more bumps in the road is that those finally in a position to buy have had to overcome low inventory levels in their price range, competition from investors, tight credit conditions and high mortgage insurance premiums,” Yun said.” Chuck again. Chris and I were talking about housing and housing loans yesterday, and in the previous day, we discussed with one of our mortgage guys in Jacksonville, who told us that there is more pressure on banks to give loans to low credit rating borrowers. Chris and I said, isn’t that what got us in this crazy financial meltdown to begin with?  And then Mike Meyer chimed in and said, ” Yes, and when it all crashes like it did before, who are they going to blame? The Banks for giving the low credit borrowers loans!”  I shake my head in disgust that this is happening again. To recap. The currencies and metals are getting ambushed by the dollar this morning, and it’s all due, according to the stories on the wires, to the Republicans winning the Senate which gives them the ability to set the course for the President’s last two years, and the markets believe this will be clear decision-making. Of course Chuck pointed out that we’ve seen this before, about 12 years ago at the beginning of the weak dollar trend. so, he’s questioning their thought process. (but isn’t Chuck always questioning the markets’ thought processes? HA!) Gold is down $28 as I write, and looks like it could be one of those really ugly days for the shiny metal. Canada will have a hub for renminbi to facilitate trade and allow the direct exchange of loonies and renminbi in the terms of trade. This is HUGE news folks, but don’t tell the news agencies, or the markets, they can’t seem to find their rear end with both hands. Currencies today 11/5/14. American Style: A$.8620, kiwi .7735, C$ .8740, euro 1.2480, sterling 1.5905, Swiss $1.0365,  . European Style: rand 11.1495, krone 6.8845, SEK 7.3840, forint 247.45, zloty 3.3940, koruna 22.2830, RUB 44.18, yen 114.70, sing 1.2955, HKD 7.7525, INR 61.41, China 6.1503, pesos 13.63, BRL 2.5200, Dollar Index 87.53, Oil $76.96, 10-year 2.35%, Silver $15.24, Platinum $1,200, Palladium $757.80, and Gold. $1,141.35 That’s it for today. Well, did you get out and vote? It was an ugly rainy day here, so getting out to vote took effort, but I did my part despite the weather. It’s difficult for me on days like this when everything that I believe about economics, markets, and trading is shattered, shaken, and left for dead. But about 7 years ago, after being told I had Stage 4 cancer, I began to have a different outlook about those things I couldn’t control. I have no control over the markets, or the people that make up numbers for economic reports, or created Trillions of dollars with one stroke on a keyboard, so I work diligently to not let these things get to me. Instead I attempt to focus on what’s important. like Rachel Butler’s birthday today! I understand that we’re going to dinner tonight to celebrate Rachel’s birthday, so that should be fun!  Shooting Star is playing their hit song: Last Chance, on the IPod, man that was a big song in the 80’s. They were a Kansas City, Mo band, so they got a lot of air time here in St. Louis.  See, there, a little rock history on top of all the other things we talked about today, where else can you get such a wide array of information in one place. Like the Wide World of Sports. Spanning the Globe. And then the sky jumper falls off the ramp.   Good and bad. just like the everything else. But the good today is that it is Rachel’s Birthday! YAHOO!  And. our catcher, Yadier Molina won his seventh consecutive Gold Glove! WOW!  Ok. time to get out of your hair today. that is if you have any left after seeing the ambush. I hope you have a Wonderful Wednesday! Chuck Butler President EverBank World Marketslast_img read more

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Study 5000 Is the SelfDriving Car Sweet Spot

first_img 2 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Tom Brant This story originally appeared on PCMag Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. An academic study suggests people are willing to pay just around $5,000 more for fully autonomous cars than typical vehicles. Add to Queue Study: $5,000 Is the Self-Driving Car Sweet Spot Sometimes it’s tough to make sense of the hodgepodge of technologies that currently describe the “self-driving car” buzzword, from lane departure warning systems all the way up to Tesla Autopilot, not to mention industry jargon like “Level 5 automation.”So why not organize autonomous driving technologies by how much people think they’re worth? That’s what a group of economists and engineers tried to do in a paper published in March, CNET reports. The model suggests that on average, Americans are willing to pay a $3,500 premium for a partially automated car and a $4,900 premium for a fully automated one. For comparison, $4,900 for full automation is very similar to what Tesla charges for its most advanced Autopilot, which costs a little over $5,000.The researchers’ model is based on interviews with 27 potential car buyers in New York City and upstate New York. As you might expect, just four of the New York City residents drove a car every day, while all of the 15 upstate New Yorkers commuted via car daily. The two groups perceived similar benefits from self-driving cars, from increased productivity and safety to easier and quicker parking.After crunching the numbers, the researchers found a fairly even segmentation of the demand for automation: about one-third of people are keenly interested and willing to pay $10,000 or more for self-driving features, one-third are ambivalent and the remainder isn’t willing to pay for automation at any price.As the researchers note, however, one of the key problems with such a study is that it’s based on a hypothetical purchase scenario: their study participants weren’t actually buying a car, and even if they were, there are very few models on the market that come with full automation on the level of the Tesla Autopilot.Still, it’s good to establish a peer-reviewed benchmark for how much self-driving tech should cost at this early stage in its development. If it follows the cheapening pattern of most other technology (and the government continues to urge its inclusion in new cars), you might one day be able to do yoga in your Toyota Corolla on the highway for far less than $5,000.center_img May 10, 2017 –shares Self-Driving Cars Image credit: Tesla via PC Mag Next Article News reporter Register Now »last_img read more

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