Have UK bank stocks like Lloyds and RBS become uninvestable?

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” G A Chester has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The world changed for UK banks after the great financial crisis (GFC) of 2008–09. The taxpayer bailouts of Lloyds (LSE: LLOY) and Royal Bank of Scotland (LSE: RBS), and regulatory changes to guard against it happening again, meant investors had to reassess the prospects and future returns of UK bank stocks.Optimists concluded banks would become safe, utility-like stocks, delivering reliable dividend income. Pessimists concluded the wider responses of governments and central banks to the GFC made the banking sector uninvestable. Here, I’ll discuss these views, and what they might mean for investors in Lloyds and RBS today.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Utility-like UK bank stocksTen years on from the GFC, Lloyds and RBS finally looked in decent shape. They’d largely paid their penalties for past misconduct. They’d built up the capital buffers required by regulators, and absorbed myriad new compliance costs. They were comfortably passing the Bank of England’s stress tests.Finally, they were profitable again, and had dividend policies they believed were progressive and sustainable. Investors who’d backed them to become safe, utility-like stocks were chuffed.Cyclicality and leverageThe Covid-19 pandemic has put paid to bank dividends for now at the behest of the regulator. In contrast, utilities regulators have made no such demands on the companies they oversee.It’s a reminder that bank stocks can never be quite utility-like. They’ll always be highly geared to the economy. Furthermore, their inherent leverage will always make them riskier than utilities in times of stress. Lloyds and RBS last year had financial leverage of 17.5 times and 16.6 times. For the UK’s three biggest utilities, National Grid, SSE, and United Utilities, leverage was 3.3, 4.3, and 4.2 times.The way I see it, Lloyds and RBS offer a safe, utility-like return when times are good, but higher dividend and financial risk when times are bad.UK bank stocks: another bailout?I’ll put the pessimistic view that the banking sector became uninvestable post-GFC as briefly as I can. The slashing of interest rates, and programmes of massive quantitative easing were a recipe for a bigger crash further down the line. They would artificially inflate asset prices (everything from property to equities), and at the same time allow personal, corporate, and government debt to rise to dangerous and unprecedented levels.The evolution of the post-GFS ’emergency’ unconventional monetary policies into a new norm only hardened the pessimists’ view that what we had was a growing ‘everything bubble’ looking for a pin. When it found it, a collapse in asset values would see banks crash harder than in the GFC. Hello even bigger bailouts and shareholder dilution!Bottom lineI don’t dismiss the big-picture view of the pessimists. Nor the view of Sir John Vickers, one of the architects of the post-GFC banking regime. He’s said in recent years leverage at banks remains “dangerously high.” And he’s questioned the adequacy of capital buffers, and the efficacy of stress tests. He recently told the BBC: “I am not predicting it’s all going to collapse but there are greater risks than there needed to be.”On balance, I’m not convinced a generous stream of dividend income from Lloyds and RBS in the good times is sufficient recompense for the potential risks I see currently facing them. As such, I’m personally avoiding these stocks right now. Have UK bank stocks like Lloyds and RBS become uninvestable? G A Chester | Monday, 1st June, 2020 | More on: LLOY NWG See all posts by G A Chester Enter Your Email Addresslast_img read more

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Payday Lenders Have Drained An Estimated $322 Million In Finance Charges From Hoosiers Over…

first_imgBy Brynna SentelTheStatehouseFile.comINDIANAPOLIS— Payday lenders have drained an estimated $322 million in finance charges from Hoosiers over the last five years, according to a new report from groups advocating for the state to rein in those businesses.The report, released Tuesday by the Indiana Institute for Working Families and the Indiana Assets & Opportunity Network, showed that a 2002 exemption for short-term loans allowed payday lenders to charge annual percentage rates as high as 391 percent.“This confirms my opinion of this industry,” said State Sen. Greg Walker, a Columbus Republican who has led the fight in the legislature against the payday loan industry. “The cost is too high for all of us. When people suffer needlessly, this product doesn’t need to exist in the state of Indiana.”Sen. Greg Walker, R-Columbus, wants the state to rein in interest rates and fees on payday loans. Photo by Eddie Castillo, TheStatehouseFile.comAccording to the report, which can be read in full at http://www.incap.org/payday.html, there are 29 entities licensed to offer payday loans in Indiana, with 11 headquartered out-of-state and operating 86 percent of the payday loan offices in Indiana. In fact, the report states, five of those out-of-state firms operate 79 percent of the 262 payday loan storefronts in Indiana.Those include “Advance America, Cash Advance Centers of Indiana Inc.” of Spartanburg, S.C. which has 76 loan offices here and “Check into Cash of Indiana LLC.” which has 59 offices here.The largest Indiana-headquartered operator, G & R Advance Inc. of Indianapolis, owns only 5, or 2 percent, of the storefronts.Of the 92 counties in Indiana, 64 have at least one payday loan storefront, with about a third of the loan offices located in Marion, Lake, and Allen counties. The report also showed that these payday lenders are disproportionately located in low-income communities – those that fall below 200 percent of the federal poverty level — as well as communities with larger minority populations.It cited data from Clarity Services Inc., a credit reporting agency, showing that the median income of borrowers who use payday loans nationwide is only $19,752. And, the report said, 60% of payday loans in Indiana are reborrowed on the same day that the previous loan was paid off and 82% are reborrowed within 30 days.“By lending to borrowers who cannot afford to repay the loan and still meet their other expenses, lenders can reap the benefits of loan churn,” the report states. “Meanwhile, borrowers are more likely to experience overdraft fees, bank account closures, difficulty paying bills, decreased job performance and bankruptcy.”Walker said that proponents of pay-day loans have argued that the payday loans help more than a million Hoosiers annually cover a financial emergency.“But that’s not the truth of the industry,” he said. “It’s really only about 120,000 borrowers, which is less than 2 percent of the population of Indiana.”And, he said, that help comes at a steep price, both financially and on families’ well-being.“The number-one pressure on the break-up of families is financial pressure and so this has a cost that far exceeds the business opportunity,” Walker said. “The cost is emotional. It’s stress-related. That financial burden has a lot more of a negative impact than just the loss of the money and I think that’s a difficult message to understand when it’s such a small percent of the total population.”But, he added, “that’s what consumer protection, regulation is supposed to do: Prevent anyone from taking advantage of others… it’s going to take us thinking about the 2 percent who are caught up in this debt trap.”A bill allowing payday lenders to charge interest rates up to 167 percent was heavily debated in the 2019 legislative session, passing the Senate but later dying in the House of Representatives without a vote.“We see a divide in the legislature right now,” Walker said. “You’ve got those who have an appreciation for how targeted this marketplace is on the repeat borrower and then you have others who look at it and say if it weren’t for this industry then how would someone get their tire fixed in an emergency situation in order to get back to work the next day.”Rep. Woody Burton, R-Greenwood, says payday loans fill a need, with higher fees justified by the risk to the lender. Photo by Emily Ketterer, TheStatehouseFile.comState Rep. Woody Burton, the Greenwood Republican who is chairman of the House Financial Institutions Committee, weighed the issue in the last legislative session and expects it to resurface next session. He dismissed much of the concerns, noting that these are supposed to be short-term loans to tide someone over between paychecks.“I think what they are doing right now is ok if it’s just two weeks,” Burton said, referring to the minimum term of a payday loan. Under current law, borrowers can get a loan for 20 percent of their monthly gross income, up to $605 with finance charges that range from 15 percent of the first $250 to $10 percent for amounts over $400.“Its an extremely high risk and it’s a high return because I’m sure they get people who don’t pay them too, if they don’t get their paycheck or if they cash it,” Burton said.The report estimated that if payday lenders had to adhere to the 36 percent interest-rate cap for regular loans, borrowers could have saved more than $291 million over the past five years.Allowing an annual percentage rate as high as 391 percent “crosses a line,” “Walker said.When asked what the interest rate should be capped at, Walker said: “I don’t have an effective annual percentage rate to tell you what that is. Thirty-six percent is high but somewhere between 36 percent and 360 percent I think that line is crossed.”FOOTNOTE: Brynna Sentel is a reporter at TheStatehouseFile.com, a news website powered by Franklin College journalists.This article was posted bt the City-County Observer without bias, editing or opinion. FacebookTwitterCopy LinkEmailSharelast_img read more

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Badgers storm back to 4-3 win

first_imgFriday night the Wisconsin men’s soccer team took on defending National Champions Indiana in front of a crowd of more than 1,500 for its Big Ten home opener. The hype of the game would not disappoint as Wisconsin took down Indiana 4-3 in an offensive battle.The game started off slow as the first half ended with no score for either team. The match was lined up to be another Big Ten defensive slug fest. However, both teams exploded offensively from the start of the second half.After trading chances back and forth, Indiana struck first with a goal in the 53rd minute. A corner kick fluttered through the box and Indiana forward Tommy Thompson played the ball past redshirt freshman goalkeeper Casey Beyers.Just two minutes later in the 55th minute, Indiana tallied yet another goal by the foot of Thompson. While junior defender AJ Cochran challenged for a ball at midfield, Tommy Thompson slipped by the Badger defensive and received a through ball from his brother Tanner Thompson. Tommy was able to play the ball low and past Beyers to shock the Wisconsin crowd with his second goal in as many minutes.“We knew we were not going to give up,” redshirt senior midfielder Tomislav Zadro said. “We are on our home field and we believe we can beat anyone here.”The Badgers answered in the 66th minute with a brilliant string of passes that found senior forward Toni Ramadani in the middle of the 18-yard box with an open net in front of him. Down only 2-1 now the Badgers could see the magic forming once again over the McClimon Complex.“When we went down 2-0 it was just one of those things that we know we just have to get one back,” Cochran said. “Once we got one back we were like ‘we’re in this game again.’ Then they got the third and we took a step back.”The third came just two minutes later off a cross from Indiana midfielder A.J. Corrado. His cross worked its way into the box, past a diving Beyers and to the head of  Fe Hollinger-Janzen for his fifth goal of the season.Down 3-1 the Badgers continued to push and were determined to give Indiana a run toward the end of the game.Five minutes later, the Badgers found themselves with a good chance to score after being awarded a corner kick. Zadro was able to play a beautiful bending cross into the back post where Cochran connected with his right foot scoring his first goal of the match.“When we got that second we could just tell from the team that we were going to get the third,” Cochran said. “Once we got the third there was no doubt it my mind we would get the fourth. Everyone knew it once we got the third it was game over.”The tying goal found its way into the net in the 82nd minute when junior forward Jacob Brindle found himself in front of Indiana goalkeeper Michael Soderlund. A quick move to the outside was all it took for Brindle to break free and place the ball into the net setting of Wisconsin crowd on fire.After numerous chances the game winner found its way into the net in the 85th minute. Sophomore midfielder Drew Conner played a beautiful corner kick to the back post where Cochran stood waiting. A quick header down by one of the country’s most dominate aerial players would be all it took as the badger crowd and the team erupted.“Walking up I knew we had a plan to play it to the back post,” Cochran explained. “I was just kind of waiting to see where it was going to come and I jumped up and saw the ball and just redirected it. When I saw it going into the goal I just reacted and ripped my shirt off. Big goal — I had to celebrate.”The showy move earned Cochran a yellow card but the game was over, Indiana was unable to answer the Badgers’ three straight goals. When the final whistle blew the crowd erupted and overflowed onto the field in an unprecedented show of support.Head coach John Trask had only a few words for the media after the big win but his quote said it all.“It was a great win, obviously being an IU guy knowing they are the national champions. They are one heck of a good soccer team and so are the Badgers.”The win was Wisconsin’s first Big Ten win of the year and will more than likely affect the outcome of the Big Ten title hunt. With the confidence gained from this win, the Badgers look ahead to the remainder of their Big Ten season, with their sights set on a Big Ten title and a bid to the NCAA tournament.last_img read more

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Latham defends Senior crown in Northumberland

first_img20 May 2014 Latham defends Senior crown in Northumberland Richard Latham will defend the English Men’s Senior Championship he won on his debut last year when the 54-hole event takes place at Matfen Hall and Hexham Golf Clubs in Northumberland on 4th – 6th June. Latham, (Image © Leaderboard Photography) the General Manager at Woodhall Spa, made an instant impact on the senior game after he turned 55 in May last year, winning the English title at Bristol & Clifton before securing the Scottish Seniors the following week. He was also the leading qualifier from the stroke play stage of the European Senior Men’s Team Championships when representing England in Hungary, finished runner-up in the Senior County Champions Tournament at Woodhall Spa and was a member of the GB&I team that recently competed against the United States in the Concession Cup in Florida. In Northumberland he will be joined by four other former English Senior champions as well as those just qualified by turning 55, who will seek to follow in Latham’s footsteps. The other former champions in action are Doug Arnold (Copthorne, Sussex), David Lane (Goring & Streatley, BB&O), Chris Reynolds (Littlestone, Kent) and Roy Smethurst (Crewe, Cheshire). Between them they have secured 11 English Senior titles over the past 16 years. Arnold has won three titles, the most recent in 2006, while Lane also has three claimed between 1997 and 2007. Reynolds was champion in 2009 but Smethurst holds the record of four championships, back-to-back in 2000 and 2001 and in 2004 and 2005. However, an absentee is Alan Squires (Oldham, Lancashire), who won three successive senior titles from 2010. All these players have been capped by England at senior level in recent years, while all seven members of England victorious team from last year’s Seniors Home Internationals are in the field of 240 for the 34th playing of the Seniors Championship. That magnificent seven includes Reynolds, John Ambridge and Douglas Cameron (both Moor Park, Hertfordshire), Charlie Banks (Stanton-on-the-Wolds, Nottinghamshire), Richard Partridge (Wildernesse, Kent), Tyrone Carter (Stevenage, Hertfordshire), and Andrew Stracey (Denham, BB&O), any one of whom could be crowned champion. If there is to be a new name on the trophy it could also come from the last three winners of the Senior Men’s County Champions Tournament, Cameron, Alan Mew (Stoneham, Hampshire, IoW & CI), and Tony McLure (Longhirst Hall, Northumberland). Another contender is likely to be Stephen East (Moortown, Yorkshire), who turned 55 last October and who won his maiden senior title recently with the Spanish Seniors International Championship at La Manga, while other England senior caps in the field include Andrew Carman (Coventry, Warwickshire), Martin Galway (Brighton & Hove, Sussex), Dave Jessup (Wrotham Heath, Kent), the former World Speedway champion, Adrian Donkersley (Gerrards Cross, BB&O) and Philip Slater (Sandiway, Cheshire). The competitors will play one round over each course on the first two days after which the leading 60 and ties will complete 18 holes on the final day at Matfen Hall.last_img read more

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TAKE A BOW CHARLIE ADAM – IT’S WALSHY ON WEDNESDAY

first_imgDONEGAL HOLD THE COMPETITIVE EDGEHad Donegal missed out on that Allianz National League semi-final, many might have viewed it as the proverbial blessing giving, they would have argued, Rory Gallagher’s squad the time to focus solely on their Ulster Preliminary Round tie with Tyrone, less than half a dozen weeks down the line (can someone tell me where this year is disappearing to as I appeared to have mislaid a fair portion of it).But if there’s one thing better for sharpening up the mindset than a series of training sessions, it’s a competitive fixture thrown in amongst the mix and Cork next Sunday will surely provide that. Competitive the Rebels will undoubtedly be and the fact that the game is taking place at H.Q. will lend some of the younger squad members a taste of what it feels like and what it can be again. And all the better if Donegal advance to the Final scheduled for the 26th and face another highly charged fixture, particularly if that other highly charged opponent is Dublin (though you couldn’t quite rule Monaghan out as yet despite that heavy loss in Clones at the feet of the Dubs).Always the risk of injury in these games, of course, but surely the players themselves would prefer the edge of a match against Cork than jogging over the sand dunes of Downings or Rossnowlagh or wherever?Had Stephen Griffin curled his effort either side of the uprights at MacHale Park or indeed had Mayo been a bit more accurate with the glut of opportunities that came their way, we wouldn’t be having this conversation but credit to Donegal for their battling approach.Not the greatest of games these two sides have ever served up – indeed, quite apart from the error count, there was a lot of niggling stuff, more handbags than you’d find in McElhinney’s and a batch of yellow cards to boot. And here’s a real irritation that continues to edge into the game; Frank McGlynn going down holding his face after minimum contact (Frankie Goes to Hollywood?) and twenty seconds later, Mayo’s Seamus O’Shea securing a free after a challenge and again clutching his face where no fist or hand made the slightest impact. Come on, lads, this isn’t the English Premiership, you know. Griffin’s neatly taken late, late score will be remembered as the one that helped bring Donegal into that semi-final clash with Cork but, in truth, had it not been for the brilliance of Patrick McBrearty they might not – would not – have come near grabbing that precious draw.The Kilcar man was on the end of the move of the match to finish to the net with a powerful left foot drive but took his three additional points equally expertly and was a frequent tormentor of the host side.Much of the national media and broadcasting outlets have preferred to dwell on any of the negatives associated with Donegal football – the blanket protest etc etc. – but all too often they ignore what’s good about it and one particular good, brilliant indeed, is McBrearty. Were he wearing the colours of Dublin, they’d be raving about him and purring about his performances every week.McBrearty & Co. to shine and Donegal to overcome Cork on Sunday.TIME TO END THE DIVISIONS? On the final game of the League of Ireland First Division season in 2013, Athlone Town brought a healthy band of supporters to Ballybofey with their team having already secured promotion as champions and with little to do but celebrate that fact. One Town fan came dressed with a horse’s head, prompting a local wag to enquire: “Why the long face, you’ve just won promotion?.”Not much else for Harps to laugh about during that campaign though they did round off their season with a victory over the visitors that evening.Fast forward to the current season and Athlone again will arrive at Finn Park this weekend having spent just one season – they could write a song with that title in it for so many First Division sides who have reached the promised land – having stumbled down the ladder again and back into the graveyard shift. Their brush with the Premier League has done them little good – a couple of weeks back, club supporters were urged to attend what was described as an emergency meeting as finance, or the lack of it, bit deep into resources (we don’t have to look too far to recall similar gatherings where Harps have been concerned).The Midlanders are, thankfully, still on the road but having only attracted a gate of 300 for a recent home match against Cobh Ramblers – Harps at least went close to trebling this for their home fixture against the same opposition – it’s obviously a worrying time for a club and those stalwart supporters who are attempting to rally to the cause. As someone who has long mooted the existence of two separate divisions in the League of Ireland – mainly because it ensured clubs at both ends of the main league had something to fight for – it has, admittedly, become much harder to argue such a case in recent times.Dwindling gates coupled with relatively poor facilities and not always the required standard on the field of play (though it’s certainly not as bad as some would want to make out) have left it the much poorer relation with the national media just about ignoring it and R.T.E.’s MNS programme leading the way in this particular respect.Perhaps, it is time for the authorities to consider – and, yes, it has been talked about in recent years – finally pulling the plug on the First Division and extending the size of the Premier League? Between both divisions, there are clubs who will always struggle to attract any kind of sizeable gates and while you have to admire the commitment of the small band of club officials who put their heart and soul into keeping League of Ireland soccer alive in their respective neck of the woods, it’s surely now time to set those clubs adrift back into their Leinster Leagues or wherever and open up a whole new ball game here (or an old ball game akin to what we had prior to the mid-eighties when the split was enforced).For Finn Harps, the First Division has been a largely ever constant with the exception of a couple of seasons which for a club of its potential is close to criminal. Going well they undoubtedly have the pulling power to draw in at least a couple of thousand of supporters for every home game and once the new ground is unveiled – yeah, right, cynics might be venturing at this point – they will have the facilities to match or surpass any of their rivals.Ollie Horgan’s team currently sit on the summit of the First Division, a point ahead of Friday night’s visitors and will surely attract one of their biggest gates of recent seasons as they bid to protect their unbeaten record and, hopefully, open the gap on Athlone to four. The Harps boss isn’t, thankfully, getting carried away with the club’s bright start but must be encouraged with the scoring exploits of Wilfried Tagbo and Kevin McHugh – a cracking equalizer against U.C.D. last weekend for the veteran striker – with Ruairi Keating having missed the last couple of games through injury.The defence was finally breached at the Belfield Bowl but again, Harps will soon be welcoming back Packie Mailey into that particular department to bolster things. Like I say, encouraging signs and hopefully, there’ll be a few more long faces amongst Athlone supporters at the end of this particular visit to Ballybofey.CELTIC EXITCredit to Cockhill Celtic for an impressive performance in Galway in the EA Sports Cup but not to be where progress into the next round was concerned. Apparently, they netted a couple of gems courtesy of James Bradley and Mark Moran but sandwiched in between those were four by the home side to condemn the Inishowen side to a second round exit.Meanwhile, what a shocking season it is for Sligo Rovers. Beaten at the Showgrounds by Derry City in the same competition. Can they sink any lower than that?KATIE TAILOR MADE FOR THE NATIONALWho said this?: “It’s fantastic that women can take on the men at the same level. There’s no other sport that does that really, I don’t think.” Answer – jockey Katie Walsh from that famous stable and that was before she rode Thunder and Roses to a glorious first in the Boylesports Irish Grand National on Monday (and, perhaps, possibly before she became aware that our own snooker ace, Ken Doherty, will tomorrow attempt to outcue the reigning WLBSA World Ladies Snooker Champion Reanne Evans, in the opening qualifying round for the World Championship. My heavens, there was a time they used to just work around the kitchen table).To date, Walsh has no mount for the Aintree Grand National this Saturday but if she does secure one, I’ll be slapping a couple of euro on her and urging her on to become the first women to win the big one. Only a matter of time before it happens, both Tony McCoy and Katie’s brother, Ruby, predicted this week so why not this year? But she’ll still need a horse for it.Meanwhile, I will be digging deep into the pockets to put a handful of spare change on McCoy. Not to win the Grand National but to come out of retirement next year. Any prices on that one?PILGRIM CARL PINCHES A POINTAlways something interesting happening when you head down the divisions and watch ‘The Football League Show’. As the race for the Championship promotion places hot up, it’s even more intriguing but the programme also allows you to catch up on many of the Irish players who populate the lower leagues in England.Mixed fortunes for Lettermacaward man, Carl McHugh, in promotion chasing Plymouth’s 1-1 draw with the League Two leaders, Burton Albion on Good Friday. The Donegal defender was the victim of a cruel deflection that allowed Burton take the lead but four minutes from time, rose highest in the box to glance home the crucial equalizer for the Pilgrims.No goals for fellow Donegal native, Stephen McLaughlin, in Southend United’s 2-0 win over Mansfield Town but the former Finn Harps man (those of us in the Behind the Home Dug-Out Crew at Finn Park used to call him the new Ronaldo) was quickest off the mark in celebrating with goalscorer, Barry Corr.A couple of other former League of Ireland operators were also on the mark, ex-Galway United man, Jay O’Shea, netting twice for Chesterfield and one-time Bohemians striker, Paddy Madden, scoring for Scunthorpe United. And, lo and behold, was that Clinton Morrison, the former Republic of Ireland striker who notched nine goals in thirty-six appearances for the green tops, still doing the business at the age of 35, this time in the colours of Exeter City? Some of us still believe – himself included – that he should have had won more capsDESSIE TAKES THE MICKSome columns ago, I mentioned the return of the comedy musical, ‘I Keano’, to the stage of Dublin’s Olympia Theatre. It’s the story of Roy the Boy’s short-lived trip to Saipan for that infamous training camp in the build-up to the 2002 World Cup Finals.Saw it when it ran a few years back and it’s truly a classic with the characters of Macartacus, Dunphia and Keano providing you with the clue as to what, and who, it’s all about.When I mentioned it, the cast list hadn’t been quite finalized but the reason I’m mentioning it here now is because Letterkenny’s very own star of stage and screen, Dessie Gallagher is, again, playing the part of Macartacus. And doing it as only Dessie can. His impression of Mick McCarthy rivals, for accuracy, the one he did of Daniel O’Donnell in ‘Women on the Verge of HRT’. Brilliant in other words as, indeed, is the whole show which also features Gary Cooke, famed for his ‘Apres Match’ involvement.It’s well worth going along to see though you only have until Saturday next (11th) as it’s scheduled to reach full-time then and this time Roy and the whole squad will have quit the camp…IF STEPHANIE CAN DO IT…..Had one ear on B.B.C.’s Radio 5 Live on Saturday for the coverage of the football when I noted the words of one of the commentators at Old Trafford predicting that Wayne Rooney’s goal against Aston Villa would surely be THE contender for the Premiership ‘Goal of the Season’ award.But then along came Bobby Zamora with that even more outstanding effort for Queens Park Rangers at West Bromwich Albion; and Esteban Cambiasso for Leicester City at home to West Ham United; and Alexis Sanchez for Arsenal against Liverpool; and, on the following day, Jermaine Defoe’s stunner for Sunderland in the Tyne Wear derby against Newcastle United.But, perhaps, THE goal of the season arrived at Stamford Bridge when Stoke City’s Charlie Adam, sized up only one option from well inside his own half and carried it out to absolute perfection – floating the ball over Chelsea ‘keeper, Courtois who was caught – boy was he caught! – off his line.I still believe, however, that the goal of the year so far was the one scored by Lee Casciaro. Lee who? Don’t say you’ve forgotten him already? The fellow who cracked home Gibraltar’s first ever competitive goal in last month’s qualifier against Scotland. Now there’s a score to beat them all.BEST WISHES RAYMONDFinally, best wishes for a speedy recovery to stalwart Donegal fan, Raymond Blake, who suffered a broke leg following an accident at his workplace. The popular Letterkenny man will hopefully be up and about again before too long.TAKE A BOW CHARLIE ADAM – IT’S WALSHY ON WEDNESDAY was last modified: April 8th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:columnnewsPaddy WalshSportWednesdaylast_img read more

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Warriors prepare for final season at Oracle Arena — there will be parting gifts

first_imgOAKLAND — To celebrate their final season in Oakland, the Warriors have scheduled a slew of tributes to their memorable players, their championship moments and, above all, their astonishingly loyal fan base over their 47 seasons at Oracle Arena.Sounds like an amazing place. Why say goodbye at all?“You’re probably tired of hearing my line, but we’re leaving a building, not a city,” said Rick Welts, the Warriors team president, good-naturedly broaching the topic before the inevitable question …last_img read more

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California Leads the Nation in Net-Zero Projects

first_imgCalifornia is the leaderCalifornia far outstripped the rest of the country: 1,538 of the total of 3,339 buildings are located there. Twelve of the top 20 cities, listed in order of the number of residential units, are in California, including three of the top five: Sacramento, Davis, and Townsend.“It has created a market for zero-energy builders,” the coalition’s report says of the state. “Twenty-four percent of total builders are in California; 23% of all builders have more than one zero-energy project; 11% of builders are performing retrofits as well as new construction, indicating a combination of strategies for zero energy.”Part of that is due to the size of some California projects, including an 800-home development in Sacramento and a huge University of California project in Davis that houses nearly 2,000 residents.On the East Coast, Massachusetts and Connecticut had the highest number of buildings, with those two states and New York having the most zero-energy builders in the eastern U.S. There are plenty of states without a single qualifying project.In all, the qualifying projects were about evenly split between multifamily and single-family projects.The number of net-zero and net producing residential units found in the tally represents about 0.07% of total housing starts last year, but Sankaran seeks promise in steady growth.“The number of projects that are actually in the design phase, under construction or haven’t even been built yet would double the number we have right now,” she said. “That’s pretty significant.”The coalition sees the net-zero market growing to $1.4 trillion by 2035. A coalition of net-zero energy advocates has completed the first-ever count of net-zero and near net-zero projects in the U.S. and Canada, reporting a total of 6,177 residential units in 3,330 buildings.The Net-Zero Energy Coalition, a group representing some 180 builders, product manufacturers, designers, and others in the high-performance industry, said that the catalog of North American projects would help the industry track progress over time, create a single point of access for net-zero case studies, and help spread the word about net-zero building.The projects fell into one of four categories:Zero-energy, which produce as much energy as they use on an annual basis.“Zero-energy-ready,” in which renewable energy could or does supply at least 90% of the annual energy demand.Net producers, which make more energy than they consume.Thousand Home Challenge projects, a category that covers deep-energy retrofits of existing homes whether they include renewable energy sources or not.The largest category by far — more than 84% — is zero-energy-ready. Coalition Executive Director Shilpa Sankaran said that projects could qualify for this group in one of several ways, including participation in a Department of Energy zero-energy program or by tracking energy use over a period of time. Many of these projects are self-reported by builders, designers, or others, she said, with no third-party certification.The number of residential units actually hitting net-zero performance or making more energy than they consume, was 868, or 15% of the tally.The coalition found the projects by tapping into data bases of organizations like the Northeast Sustainable Energy Association, Passive House Institute U.S., the Department of Energy, and the “deep network” of coalition partners and members, Sankaran said.“It is certainly higher than I expected,” she said, “and I’ve been building zero-energy homes since 2008 when it was very, very unusual. It was much higher than I expected. That said, if you look at the number of homes in the United States and Canada, it’s a very small percentage. What that tells me is that the momentum is gaining and certainly there is traction.”The tally was the first part of the project. Phase 2 is the development of a case study directory.last_img read more

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Three arrested for attack on Rae Bareli Congress MLA

first_imgThe police have arrested three persons in connection with the attack on Aditi Singh, Congress MLA from Rae Bareli.Ms. Singh was attacked in May while she was going to participate in a no-confidence motion against zilla-panchayat head Awadesh Singh. Other panchayat members were also part of the convoy when unidentified persons attacked it.Ms. Singh received injuries after her car overturned in the incident. Mr. Awadesh is the brother of Dinesh Singh, Congress MLC who rebelled and contested the Lok Sabha election from Rae Bareli against Sonia Gandhi on a BJP ticket in 2019. He, however, lost.The three arrested were identified as Awadesh Kumar, Rohit Singh and Jitendra Singh by the Special Task Force of the Uttar Pradesh police.Carrying a bounty each of ₹25,000, the three were arrested near the Ambedkar Park in Lucknow, the STF said.last_img read more

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Jalen Green dazzles in FilAm Sports rout of AusPinoy in NBTC National Finals

first_imgPrivate companies step in to help SEA Games hosting Miguel Romero Polo: Bamboo technology like no other FilAm Sports set a date with Perpetual Jonelta Laguna in the Super 32, which tips off on Tuesday.Meanwhile, Mclaude Guadana and John Barba steered Lyceum-Cavite edged Holy Trinity College-General Santos, 74-71, behind Mclaude Guadana and John Barba to open the competition.In the other games, University of Baguio also won, beating Dolores National High School-Eastern Samar, 68-56, to claim the 27th seed; Narvacan National High School-Candon stunned Isabella Colleges-Cauayan, 80-74, to lock up the 25th seed; and Sta. Clarita International School-Iloilo beat Zamboanga del Sur National High School-Pagadian, 99-88, to clinch the 26th seed.Toronto’s Durham Crossover downed FEU-Diliman 69-66 to forge a date with First City Providential College while the Baby Tamaraws will take on St. Augustine Institute Pampanga.Hope Christian dominated from start to finish to claim a 68-59 win over Italy Proudly Pinoy and arrange a matchup with Legazpi’s Sto. Domingo NHS. Italy, on the other hand, faces Calayan Educational Foundation from Lucena.ADVERTISEMENT The 6-foot-5 guard had 20 points, nine rebounds and three assists with ease.“These kids who are coming from different states are playing together for the first time and I’m glad we won,” said FilAm Sports coach Bong Ulep in Filipino.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“There wasn’t much chemistry in the first half and it was a sloppy ball game as expected but it picked up in the second half,” he added.It wasn’t all Green for the FilAm side as Kainoa Ballungay also showed out with 19 points, 12 rebounds and three blocks while Eli Ramos, brother of Gilas Pilipinas prospect Dwight Ramos added 14 points, five rebounds and three assists. MOST READ For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. In the night cal, Camp David of New Zealand came away with an 84-71 win over Top Flight Vancouver.The week-long tournament from March 18 to March 24 is free of admission, with fans needing just a valid ID to enter Mall of Asia Arena. Jalen Green. Photo by Tristan Tamayo/INQUIRER.netAll eyes were on Jalen Green and the Fil-American star treated everyone to a spectacular show.Green showed why he’s the top US high school prospect in the 2020 class with a dazzling display of his spellbinding athleticism in Filam Sports USA’s light work of AusPinoy Australia, 78-45, in the classification round of the Chooks-to-Go/NBTC National Finals Monday at Mall of Asia Arena.ADVERTISEMENT Don’t miss out on the latest news and information. Colombia protesters vow new strike after talks hit snag Filipino barbers slammed for using PH flag as capes in Warriors heritage nightcenter_img Bloomberg: US would benefit from more, not fewer, immigrants Sports Related Videospowered by AdSparcRead Next Wintry storm delivers US travel woes before Thanksgiving Go: Search for ‘perfect, honest man’ to lead PNP still on PLAY LIST 01:31Go: Search for ‘perfect, honest man’ to lead PNP still on01:24DILG, Napolcom should consider Senate report on admin raps vs Albayalde01:53Gov’t, MNLF creating panels to ‘move forward’ in peace talks02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss View comments SEA Games hosting troubles anger Duterte Trump tells impeachment jokes at annual turkey pardon event LATEST STORIES Google Philippines names new country directorlast_img read more

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Coach builds fencing program into perennial championship contender

Ohio State has had some great coaches over the years; Jim Tressel and Thad Matta come immediately to mind. They might not be at the top, however. Vladimir Nazlymov might be the best OSU has to offer.Ten years ago, fencing at OSU was a joke, to put it bluntly. Now the program is a perennial national championship contender. OSU can thank one of its football legends, Archie Griffin, for that.In 1999, the two-time Heisman trophy winner was the assistant athletic director at OSU and was the one who hired the world-renowned fencer and coach, Nazlymov.Nazlymov’s name carries a lot of weight in the fencing world. As a fencer with the Soviet Union, he won six Olympic medals. Nazlymov also served as the USSR National Team coach.Nazlymov said Griffin wanted to know how long it would take to turn the program around. The program was not a top ten program at the time, which Griffin said was unacceptable. Griffin wanted a top three program, Nazlymov said.With his strong Russian accent, Nazlymov answered Griffin candidly, saying, “We can build program in three years.”Nazlymov did indeed turn the program around and in his fifth year he reached the pinnacle. Nazlymov and the fencing team won the NCAA Collegiate Fencing National Championship. OSU again won the National Championship in the 2007-08 season.How Nazlymov has morphed OSU’s fencing program into a powerhouse is bewildering. Since 2002, OSU hasn’t finished lower than fifth in the nation.Along with training national title holders and NCAA champions, Nazlymov has also sent many to the Olympics.This year has been no different than past years. According the United States Fencing Coaches Association, OSU’s women’s team is ranked No. 6 in the country while the men are ranked No. 3.Nazlymov’s diverse roster features fencers from all over the country and the world. The teams have athletes from Israel, Germany and Russia, just for starters.How these fencers come to OSU is obvious to Nazlymov: OSU’s reputation brings them in, he said. Tressel and Matta have to make phone calls daily to get players to come to OSU. For Nazlymov, recruiting isn’t nearly as taxing. “Junior or seniors in high school send us letter, they will be happy to fence at Ohio State,” Nazlymov said.The reputation of OSU’s program has allowed Nazlymov to not have to recruit. The athletes come to him.Nazlymov also credits Steelwood Athletic Training Facility, which is where the team practices.“I haven’t seen any [other] facilities around here, but compared to club facilities this one is extraordinary,” said Max Stearns, a sophomore from Canada.Nazlymov said those who come to OSU know the reputation the fencing program has, and also the reputation of all sports at OSU. Unlike other sports, in which one recruit might receive better treatment than others, this couldn’t be further from the truth for Nazlymov.Nazlymov said that every person who comes in gets the same treatment as the next person. In some sports, teams will make cuts, but Nazlymov doesn’t have to do that. Nazlymov lets his program cut the players. He said the fencers will find out if they are cut out for fencing at OSU or not.  As big of a powerhouse the fencing program is, for Nazlymov, fencing isn’t the biggest priority.“We explain, this is school,” Nazlymov said. “You chose your academics because it is your life.” A pride and joy of his, to go with his national titles, is the team’s grade point average. The men have a GPA of 3.1 and the women have a 3.15.Nazlymov puts school first for two reasons: better work ethic in school translates into better work ethic in fencing, and fencing is not like football or basketball in which athletes can go professional after college.Scholarships help keep the program competitive as well. “We recruit and then we see result,” Nazlymov said, implying that when someone produces, they become more competitive for a scholarship. The next year, if others are doing better they will lose their scholarship.The team has a total of 43 men and women on the roster and the maximum number of scholarships given out is 12. Nazlymov is big on academics, but he doesn’t allow his team’s fencing skills to wane. For him, second place isn’t an option.Nazlymov understands fencing might not be as popular as other sports, but he expects to carry the OSU colors proudly. OSU’s fencers are no less Buckeyes than the football or basketball team to him. Walk into their practice facility and there is a giant picture of Ohio Stadium with two fencers on the field.On the other wall is a picture of Green Bay Packer legend Vince Lombardi who once said, “Winning isn’t everything; it’s the only thing.” Lombardi said this statement, but Nazlymov echoes it.The one area where Nazlymov doesn’t talk much is how much his coaching plays a role. “You look at the athletes from when they came in to when they leave, they always improve,” Stearns said.With his accent and soft-spoken voice, Nazlymov is hard to hear. But when he speaks, his athletes listen. The success of the OSU fencing program isn’t perceived by most Buckeyes, but around the country and world it is known. Nazlymov has taken the program and put it on the map. read more

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