Wild Adventure Races

first_imgSheltowee Extreme 3 Adventure Race Morehead, Ky. • July 30 This epic 12-hour race takes place at the Cave Run Lake Recreation Area. Racers paddle the huge 8,270-acre lake, pedal miles of steep singletrack, and scale dramatic clifflines that are dotted with arches. A rogaine format allows beginners to only complete the basic course, while seasoned AR vets get extra points for tougher checkpoints. Backwoods Boot Camp 12-Hour Adventure Race Kingwood, W.Va • August 27 The good news is this race is hosted by West Virginia’s Mountain Area Rescue Group, so if you get lost you’ll most likely be found. The bad news is you still have to get through 12 hours of mountain biking, trekking, and orienteering in the remote Briery Mountains of Preston County. Plus, you have to build your own raft to complete the paddling section on the Cheat River and pass a set of boot camp drills at each checkpoint.Blackbeard Adventure Race Nags Head, N.C. • October 1 At this 50-mile USARA race, you’ll pedal 25 miles through the maritime woods, run on the beach, and paddle and swim in the ocean.Angell’s Adventure Once a top adventure racer, Ronnie Angell now owns Virginia-based Odyssey Adventure Racing. The company, which used to host grueling multi-day races, including the week-long, now-defunct BEAST of the East, has adapted as the sport’s demographics have changed.What’s the biggest change you’ve seen since you got involved? I am still seeing growth, but it’s admittedly not the kind of growth we were seeing back in 1999 and 2000 when the sport was red hot. The encouraging thing is that around half the folks that are coming out are new to the sport.Why do you think there was a downturn in interest? Many expedition races like the BEAST of the East faded away because they required too much time for people’s busy lives. Training for a five- or 10-day race requires a huge amount of time that most people just don’t have. People are looking for more of a weekend warrior fix.How can you make the sport more accessible to beginners? Our longest races are now in the 24- to 48-hour range. We’ve also added some six-hour sprint races, and it’s attracted a new crowd that’s starting to realize adventure racing is not just for elite athletes. When many people hear the words “adventure race,” they think it’s something way out of reach. Now these people are starting to cross our finish lines.Why should people try adventure racing? You get to access parts of the wild that most types of races don’t offer. Also, you never get tired of one discipline. You’re always mixing it up between biking, running, and paddling.What’s the key to the sport’s future success? When I first started, race directors tried to make courses as hard as possible. They took great pride in having only 17 percent of the field finish an event. I am still all about creating a challenge, but I want to set people up for success. That’s why many races are now adding optional checkpoints. We’ve had to be creative and design courses that are for everybody. Quotable“This wave will redefine the Nantahala River and bring super-stud play boaters to the river for a long time.” —Chris Hipgrave, multiple US National Kayak team member, about building a world-class wave on the Nantahala River for the 2012 World Cup and 2013 World Championships. The wave will be enhanced this fall and ready to test in the winter. Assemble a crew and brush up on your navigational skills. Adventure races blend multi-sport competition with backcountry orienteering for a full team experience in the wild.Atomic Adventure Race Dawsonville, Ga.  •  May 14-15 The USARA National Championship Qualifier makes unsupported teams of two or three navigate their way through a rugged wooded maze that includes up to 60 miles of mountain biking, 30 miles of paddling on flat and moving water, and 30 miles of trekking. Special Operations Adventure Race Highlands, N.C. • June 11 Beginners can enter the seven-hour sprint race, while experienced racers can tackle the 12-hour option. Both races traverse Nantahala National Forest and include orienteering, canoeing, biking, and rappelling.SPROUTE (Spring Route) Adventure Race Organizers keep secret the exact location of this race near Richmond until one month ahead of the event. Racers in two categories—a beginner-friendly six-hour sprint and a 12-hour sport—should expect plenty of trekking and orienteering, mountain biking, and paddling in the piedmont woods. Odyssey Endorphin Fix Hinton, W.Va. • June 24-26 Probably the toughest two-day race in the country, the Endorphin Fix puts racers through an epic backcountry maze in West Virginia’s New River Gorge. Over 48 hours, soloists and teams of up to four cover 200 miles on foot, mountain bikes, kayaks, and even riverboards. Odyssey One Day New Castle, Va. • July 23 The One Day features a challenging 100-mile  course in George Washington National Forest. The race that includes biking, class II paddling, running, and bushwhacking. last_img read more

Family Powder Day

first_imgI had the greatest day of my life yesterday. School was out because of the snow and there were several inches of fresh powder on the little ski resort just outside of town. So I spent the day shredding pow with my twin six-year-old kids.I’ve been working toward this moment for the last three years. I started taking the kids to ski when they were still two. We bought them these little plastic skis with soft bindings and we’d take them to the hill and push them down, build snowmen, drink hot chocolate, and feed them M&Ms every time we rode the magic carpet. The idea was to associate skiing with good times. We kept this practice up for the next three years, eventually trading their plastic skis for real skis and boots. I’d run up and down the baby slope helping each of them if they fell, plying them with M&Ms and hot chocolate, throwing snowballs…we’d watch Warren Miller ski porn on the minivan DVD player to and from the slopes and I’d make little ski movies of them mostly eating shit face-first into the snow. But I never got to ski with them because I was too busy trying to make sure they stayed safe and had fun.And it worked. The kids got better every time we’d hit the hill and, more importantly, their love for skiing grew. The M&M bribery lessened, their turns got better, and finally, they outgrew the baby slope. It wasn’t gnarly enough for them.So yesterday, we spent the entire day skiing fresh powder together for the first time ever. The kids rode the lift like champs, put their skis on themselves, and shredded the fresh pow like those pros in the Warren Miller flicks. We spent hours running laps, the kids combing the edges of the slopes looking for fresh powder and little jumps. Occasionally, they ate it, but always got up smiling, and when the lifts shut down I had to drag them off the mountain, promising that we’d come back on the next snow day.It was the culmination of three years of hard work. My kids are finally skiers. Legit skiers. The whole drive home, I imagined the years of epic ski trips in front of us. Weekends at Snowshoe, holidays in Vail. When they’re older, backcountry hut-to-hut missions…the future is bright.It’s the kind of day where you pop a bottle of champagne while you make tacos for your tired and hungry kids. But champagne gives me a headache, so I popped a Pisgah Brewing Graybeard IPA, which is my current hoppy obsession. Beer never tasted sweeter.I’ve had glorious powder days before—with deeper snow and bigger mountains—but I’ve never enjoyed them this much.last_img read more

150 Miles To Delfest

first_imgSummer in the South often brings to mind the sound of cicadas, sultry nights and outdoor concerts. But, when that idealistic notion takes place among the lush Appalachian Mountains with a cold craft brew in hand after a long day of pedaling to Delfest, a nostalgic satisfaction takes root as the late night set walks on stage. A music festival featuring some of the best Bluegrass and Americana acts in the U.S., Delfest occurs in Cumberland, Maryland each year. The 150-mile bike ride across the Mason-Dixon line, however, begins in Pittsburgh, Pennsylvania along the Great Allegheny Passage. Arriving at the event quickly diverges into a celebratory welcome to summer over Memorial Day weekend.While the concept of the rails-to-trails pathway began in 1995, the first 100 miles of the Great Allegheny Passage, or GAP, opened in 2001. Now in conjunction with the Chesapeake and Ohio Canal Towpath, the project connects Pittsburgh to Washington, D.C.. Once a trade route, the path follows alongside the Potomac River and is reminiscent of the western expansion George Washington once envisioned for the country. Today Cumberland, Maryland, dating to 1787, is a beautifully-preserved Victorian town that exemplifies the Appalachian culture, music, and lifestyle as the Potomac River Valley and its settlers grew.While the rise of rails-to-trails projects including GAP has drawn tens of thousands to the foothills region annually, slow travel has allowed travel-inclined cyclists to more deeply delve into their surroundings. Skittering along the packed, crushed limestone path in the shadow of the Appalachian Mountains, the trail never exceeds a two percent grade, which allows festival-going cyclists the opportunity to slip into a kicked back mindset before arriving at one of the region’s best music festivals.Photo: DelFestOnce immersed into the atmospheric landscape and refreshing temperatures en route to the festival, Delfest provides a unique way to experience the Potomac River Valley. The pickin’ begins at 10:30 a.m. each day and continues on three stages until the wee hours of the morning — 3:30 a.m. In a down-home atmosphere, the festival’s founder, Del McCoury, personally selected each of the 40 artists featured in the 11th annual Delfest.Things To Do At DelfestApart from the near round-the-clock performances, the festival brings guests an elevated experience. Morning yoga classes are offered daily, and the arts and crafts festival allows the chance to browse during a break from the stage. A wide array of globally-inspired dining options from vegan and vegetarian to Thai and locally made custard keeps crowds fueled and full.While on-site camping is classic, the event has added deluxe experiences including oversized pre-constructed tents or new, rented fully-equipped RVs. Guests opting for this festival package also receive VIP tickets, lounge access with complimentary snacks and beverages, drink vouchers, a festival shirt and even an invitation to the welcome party and farewell brunch.Bring your own instrument to participate in the “playshops,” or casual workshops which teach performance. Rather than focus on instruction, jump in jam sessions be they in the campgrounds or sitting in a picking session. For more musical instruction, plan to attend Delfest Academy, which occurs over four days leading up to the event. Select performers such as Frank Solivan, mandolin; Mike Munford, banjo; Chris Luquette, guitar; and Jay Starling, dobro, lend advice and instruction for their instruments.Planning your TripTo make it happen, select a nearby rails-to-trails project that connects to Cumberland. A friend or family member may drive a return car along the same route for support. Start the day early to complete the entire route in a single go, or divide the ride for a more relaxed descent into Delfest. Overnighting in a hotel provides a shower, but bikepacking is always a good option.Getting Ready To RideBe sure to gradually build up to a long-distance ride. Begin with a normal distance ride and add 15 to 20 miles each week. If splitting the ride over multiple days, attempt to ride several days in a row of approximately the same distance to ensure the body knows what the distance and multi-day rides feel like. Taper rides and workouts the week of the big day. Salt pills and magnesium tablets formulated for cycling, which replenish the salts sweated out and electrolyte levels, are very useful during particularly hot spells.last_img read more

Thanksgiving 2016 Turkey Trots on Long Island

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York By Natalie ColopriscoMost people think of Thanksgiving as a day for food and family time, but for hundreds of thousands of people across the country, the holiday is also a time for competitive running.These festive Thanksgiving Day races known as Turkey Trots are often tied to different charitable fundraisers, food drives and other good causes dovetailing with the season of giving.What follows is a guide to 16 Turkey Trots on Long Island this weekend through Thanksgiving:7th Annual Massapequa Park Turkey TrotBrady Park, corner of Lake Shore Drive and Front Street, Massapequa Park. massapequaturkeytrot.com $15-$30. 8:30-10 a.m. Nov. 19.2016 Matthew’s Turkey Trot 5K & Chicken Run 1KWest Harbor Memorial Beach, West Harbour Dr., Oyster Bay. bayvilleny.gov $25-$30. 9 a.m. Nov. 19.12th Annual Long Beach City Council Turkey TrotNew York Avenue & Boardwalk, Long Beach. runsignup.com $5-$30. 8:30 a.m. Nov. 20.Stony Brook University’s 2016 Turkey Trot 5KNichols Road, Walter J Hawrys Campus Recreation Center, Stony Brook University, Stony Brook. studentaffairs.stonybrook.edu $15- $25. 9:30 a.m. Nov. 20.36th Annual Shoreham Wading River Thanksgiving Day RacesMiller Avenue Elementary School, Miller Avenue, Shoreham glirc.com $15-$20. 8 a.m. Nov. 24.40th Annual “Run for Fun” Turkey Trot742 Montauk Hwy., Montauk. montaukchamber.com 8 a.m. Nov. 24.9th Annual NRSP Foundation 1K Turkey Trot for Kids & 5K Run/Walk for the ParkNissequogue River State Park, 799 Johnland Rd., Kings Park. ourstatepark.com $10. 8:30 a.m. Nov. 24.TWF’s 2016 Thanksgiving Day Charity Run (Turkey Trot)American Legion Hall, 1 Mill Dam Rd., Huntington. townwidefund.org $7-$40. 8:30 a.m. Nov. 24.Garden City’s 2016 Turkey TrotSt. Paul’s School, 285 Stewart Ave., Garden City. gcturkeytrot.com $15-$35. 8:30 a.m. Nov. 24. 41st Annual Port Washington Thanksgiving Day 5 Mile Run (Turkey Trot)Manorhaven Park, Manorhaven Boulevard, Port Washington. runsignup.com $25-$60. 8:30 a.m. Nov. 24Massapequa’s 2016 Turkey TrotJohn J. Burns Park, Merrick Road, Massapequa. turkeytrotmassapequa.com $10-$35. 8:30 a.m. Nov. 249th Annual Smiles Turkey TrotCorey Beach Park, 1 Corey Ave., Blue Point. runsignup.com $10-$20. 8:45 a.m. Nov. 24Smithtown Kickers Turkey Trot 2016Smithtown Elementary School, 51 Lawrence Ave., Smithtown. smithtownkickers.com $10- $25. 9 a.m. Nov. 24.11th Annual Thanksgiving Day Turkey TrotMattituck High School, Main Road, Mattituck. mufsd.com $15-$30. 9 a.m. Nov. 24.North Shore Turkey TrotNorth Shore Community Youth Organization, 200 Glen Head Rd., Glen Head. active.com $5-$25. Nov. 24.13th Annual St. John the Baptist Run Your Turkey OffSt John the Baptist Diocesan High School, 1170 Montauk Hwy., West Islip. runsignup.com$25. 9 a.m. Nov. 25.last_img read more

Man City vs Liverpool: Joel Matip and Diogo Jota start for Liverpool as Gabriel Jesus leads City line | Football News

first_img“I still can’t envisage anyone besides Liverpool or Man City winning the league. I just can’t see that. I know Tottenham have started really well and I hope they have a great season and there are more challengers, but I just can’t see anybody else lifting that league title besides the big two of the last few years.“I’d been very strong putting Liverpool as favourites for the title, but for the injury to Virgil van Dijk – not just one of Liverpool’s top players but one of the top players in the Premier League. And if something similar would have happened to, say, Kevin De Bruyne for Man City, who is their top man, I think you’d say the same for City. I think it makes for an even more interesting race, no doubt about that.”Paul Merson on why City must win at Etihad:“With the players Liverpool have got out, Manchester City have got to win this game. If they don’t, they’ll look at it as a major opportunity lost.“It’s an absolute must for them to win, not just for the three points, but psychologically. If Liverpool win this game and they’ve got the players of the calibre they have out, that’s not good for Manchester City. Then Liverpool will go clear at the top again.“Even with City’s game in hand, Liverpool going eight points clear would be massive. That’s the gap they gained this time last year when they beat City 3-1 at Anfield. And that was it, wasn’t it?” Roy Keane, Gary Neville, Jamie Carragher and Micah Richards form part of a stellar Sky Sports line-up on Super Sunday for Manchester City’s clash with Liverpool.The pundits join David Jones in the studio and Martin Tyler on commentary for an unmissable game.How to followManchester City vs Liverpool will be broadcast live on Sky Sports Premier League from 4pm on Super Sunday; kick-off at 4.30pm.Sky Sports customers can watch in-game clips in the live match blog on the Sky Sports website and app.Highlights will also be published on the Sky Sports digital platforms and the Sky Sports Football YouTube channel shortly after the final whistle.Pre-match readingJurgen Klopp on preparing for ‘toughest game’ against City: MANCHESTER, ENGLAND - JULY 02: Sky TV presenters Micah Richards and Roy Keane before the Premier League match between Manchester City and Liverpool FC at Etihad Stadium on July 2, 2020 in Manchester, United Kingdom. (Photo by Visionhaus)Image:Join Micah Richards, Roy Keane and more GRAPHIC Joel Matip returns to the Liverpool defence for the first time since mid-September and Diogo Jota starts, while Gabriel Jesus leads the line for Manchester City in Super Sunday’s big clash at the Etihad.Matip partners Joe Gomez in Liverpool’s defence, while Jurgen Klopp has opted again for a 4-2-3-1 formation, with Jota, Roberto Firmino and Sadio Mane behind Mohamed Salah.- Advertisement – Sadio Mane of Liverpool in action with Kyle Walker and Eric Garcia of Manchester City IMAGE PANELImage:Sadio Mane of Liverpool in action with Kyle Walker and Eric Garcia of Manchester City Jesus is named up front for Pep Guardiola’s side after scoring on his comeback from a thigh injury in midweek, while Ruben Dias, Aymeric Laporte and Joao Cancelo return to the starting XI.City are looking to close the gap on Liverpool at the top of the Premier League.The pair have been title rivals for the past two seasons, with Klopp’s champions currently five points clear of Guardiola’s side, though City have a game in hand.The teams- Advertisement – Man City: Ederson, Walker, Laporte, Dias, Cancelo, Rodri, Gundogan, De Bruyne, Torres, Sterling, Jesus.Subs: Steffen, Stones, Ake, Zinchenko, Silva, Foden, Garcia.Liverpool: Alisson, Alexander-Arnold, Gomez, Matip, Robertson, Henderson, Wijnaldum, Jota, Firmino, Salah, Mane.- Advertisement – Subs: Adrian, Milner, Keita, Jones, Shaqiri, Origi, Phillips.Keane, Carra, Neville, Richards at the Etihad “In all circumstances, this is always the toughest game,” he added. “Playing against Manchester City, with Pep Guardiola, is a proper challenge, a massive task.“I know what people are saying about them at the moment, but this is a sensational football team. That’s why it’s a very important game, a very difficult a challenging game, but an important one.“I enjoy preparing for these games because it asks for pretty much everything, you have to think about all the little details and then, in the end, still give the boys the feeling they can feel completely free in different moments.Jamie Carragher on why City and Liverpool remain title favourites: – Advertisement –last_img read more

Employment opportunities and procedures for Filipinos presented in Split

first_imgAccording to Antonija Bašić from ŽK Split, in the first half of the year over 60% of quotas were used or are in the process, and most workers are missing in tourism and catering, construction, shipbuilding. Today’s presentation is a continuation of a series of activities that the Croatian Chamber of Commerce in Split has implemented this year with the aim of supporting members in solving the problem of finding labor.  Director of the Agency for Employment Mediation of Seafarers Pasat doo, Ino Munitić, on whose initiative the presentation was organized, has the best experiences with Magsaysay, who are his long-term partners, and with the Philippine workforce. ”Given the great shortage of labor in Croatia, Filipinos represent a quality, replacement workforce, and in my experience they are calm, quiet and hardworking people. The process of bringing Filipino workers, from issuing their exit visa to issuing a work visa in Croatia, takes about a month. ” said Munitic. The only real solution is to raise wages and working conditions in tourism and focus on quality, not mass. On the other hand, we have a high VAT, a large tax burden and levies, a short season, etc.… I absolutely agree and that is why tourism is not competitive for us, but the domestic labor force is not to blame for this situation. Participants were interested in many details of the employment of Filipinos such as the duration of the recruitment process, the length of their contracts and the possibility of their employment not only in tourism and hospitality but also in other activities such as viticulture, stonemasonry or elevators. Today’s interest of Dalmatian employers in information on employment opportunities and ways of Filipinos, organized by HGK – Split County Chamber and in cooperation with Pasat, was presented by representatives of the Philippine Employment Agency Magsaysay International Corporate INC.  “In 2019, more than 65.000 permits for employment of foreign labor were approved, twice as many as in the previous year. Our quotas are higher than ever, there is a shortage of labor and this is a problem that plagues not only Croatia but also neighboring countries in the region. Therefore, colleagues from the chambers of FBiH and Montenegro are with us today, in order to share information about the possibilities and procedure for hiring the Philippine workforce.”, Said the president of the Croatian Chamber of Commerce – Split County Chamber, Joze Tomaš. One of the largest employment agencies in the Philippine workforce, Magsaysay International Corporaticon INC., Based in Manila, was presented by Marlon Ronja, President of Magsaysay People Resource Corporation, and the procedures themselves by Jay A. Fernando, Vice President and CEO of Magsaysay Global Services. Although the import of labor, especially from the Philippines, is one of the worst developments in our tourism, in a situation where there is a chronic shortage of labor, and the season has already begun, employers in tourism are ready to take such measures and adventures. In the long run, this is certainly not good because apart from going back to the root of the problem – cheap labor, not quality, workers from Asian countries cannot be ambassadors of our destination, do not spend in the local economy or plan to relocate. But if we want cheap labor, then we will have such tourism, cheap, mass, seasonal, which means that we must significantly reduce prices in all segments. As much money as there is music – says a folk proverb. Smart enough.last_img read more

Oil prices collapse on storage fears, Asia equities mixed

first_imgWTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.ANZ said “crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment”.”Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil,” it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.And AxiCorp’s Stephen Innes added: “It’s a dump at all cost as no one… wants delivery of oil, with Cushing storage facilities filling by the minute. “It hasn’t taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets.”Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates. ‘No time to get cocky’ “We are scoring points against the epidemic,” said Prime Minister Edouard Philippe, while insisting “we are not out of the health crisis yet”.Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was “on the descent”, though he cautioned it was “no time to get cocky”.Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus. That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.”The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future,” Chris Iggo, of AXA Investment Managers UK, said.Investors are keeping an eye on Washington, where Congress and the White House are working towards a $450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports. Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below $15 — its lowest since 1999 —  as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.Analysts said this month’s agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.center_img Topics :last_img read more

Cannon Hill home snapped up in less than 24 hours, Coorparoo demolition approved home sells for $1.38M

first_imgThis home at 32 Buena Vista Ave, Coorparoo, was sold for $1.38m and will be demolished.Just a few suburbs over, one buyer purchased 32 Buena Vista Ave, Coorparoo, under the hammer for $1.38 million.The home has already been approved for demolition, which is what the new owner intends to do, according to Place Bulimba sales agent Darcy Lord.“The buyer has been looking for a premium location to build a family home … and wanted to be in a location that, when he builds, the market would see value and not overcapitalise,” he said.“The land reflects not only what is happening in the premium large-home market but as Brisbane being a premier state going though a strong growth period.” The home at 62 Beauvardia St, Cannon Hill.This Cannon Hill home was snapped up for $1.21 million in less than 24 hours.Place Bulimba sales agent Meagan Muir said the buyers had been looking at homes in the area since January and pounced on the 62 Beauvardia St property as soon as it was listed.“The floorplan was perfect because it had a really big open-plan living space, and a fifth bedroom and dedicated bathroom downstairs,” Ms Muir said. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“That’s what really set the house apart and they loved the feel of the home.”last_img read more

ECB throws ‘kitchen sink’ at problems with expansion of QE’s scope

first_imgThe European Central Bank (ECB) is to grow the scale of its quantitative easing (QE) programme by €20bn a month, expanding it to include a wider range of corporate bonds. Its six new or amended policy measures – including lowering the base interest rate to zero and the bank deposit rate by 10 basis points to -0.4% – were likened by Patrick O’Donnell, investment manager at Aberdeen Asset Management, to the central bank’s “having thrown the kitchen sink” at the problem.All rate changes will take effect from 16 March.He said it was a “big surprise” that non-financial corporate bonds had been included within the remit of the expanded asset-purchasing facility but was uncertain how long the rally the announcement triggered would last. Stephen Years, head of fixed income beta at State Street Global Advisors, argued the steps were a realisation by the ECB that it could not continue with its usual approach.“The programme modifications and the new monetary policy tools embraced by the ECB today are reflective of the view that just pulling harder on the existing monetary leavers open to them is not sufficient to deal with the economic reality within the euro-zone,” he said.Ian Tabberer, global equity investment manager at Henderson Global Investors, argued that the ECB’s approach risked tackling the wrong areas.“At the margin, this will help financial assets, [but] it is anaemic demand for credit rather than the cost of supply that appears to be the fundamental issue, and this is creating the low-inflation environment in Europe,” he said.“We hope these measures can boost confidence but doubt whether monetary policy alone can kick-start the broader European economy.”He said questions remained whether the impact on the euro, down following the ECB’s decision, would in fact have a positive impact overall.“If these measures do lead to a weaker euro relative to other global currencies, it must be remembered that, in a global context, this is a zero-sum game,” he said.“Easing of pressures in one region may be creating pressures in another. There are no easy solutions, and the longer-term impacts of this announcement are likely to be complex.”Meanwhile, Neil Williams, chief group economist at Hermes Investment Management, was uncertain whether the actions of central bank governor Mario Draghi would have the desired effect, noting that the rate cuts were an indirect route to growth.“Either way,” he added, “while helpful in addressing the symptom, deflation, Draghi cannot alone solve the underlying problem – a monetary union devoid of economic union.“This will take years. And, meanwhile, the euro remains a currency in search of a government.”last_img read more

Rondon opens up on how he reacted to Man Utd signing Ighalo instead of him

first_imgIghalo put pen to paper on a six-month loan deal with the Red Devils and the Nigeria international is in line to make his first start away to Club Brugge in the Europa League tonight.Rondon – who, like Ighalo, has been plying his trade in the Chinese Super League – was another player firmly on United’s radar before last month’s transfer deadline.United were confident Rondon could still do a job in the Premier League after recent spells with West Brom and Newcastle, but a firm offer was never submitted for the 30-year-old Venezuelan.However, the Dalian Yifang star insists he was on the verge of a move to Old Trafford after discussions between the club and his agent.‘It was all out of my hands,’ the former West Brom and Newcastle forward told The Athletic.‘It means a lot to be linked with Manchester United because they have a great history and it must mean they think I did well in the Premier League.‘They started to talk to my agent and I was just waiting by my phone for a decision, maybe for the lawyers, but then I saw Ighalo had signed.‘It didn’t get to the stage where an offer was made or anything like that, but I think it was really close.’Rondon claims he’s now fully focused on Dalian again after missing out on joining United, adding that he’s ‘pleased’ for Ighalo on sealing his dream move.Asked whether he’s ‘distraught’ or ‘angry’, Rondon replied: ‘No, no — it’s just football. Promoted Content10 Risky Jobs Some Women DoEverything You Need To Know About Asteroid Armageddon8 Things To Expect If An Asteroid Hits Our PlanetYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Ways To Understand Your Girlfriend BetterThe Funniest Prankster Grandma And Her GrandsonJapanese Inventions That Make You Wish You Lived In Japan5 Of The World’s Most Unique Theme Parks9 Facts You Should Know Before Getting A Tattoo9 Heroes Of Popular Memes Then And NowPlaying Games For Hours Can Do This To Your BodyThe Biggest Cities In The World So Far Ole Gunnar Solskjaer made it clear he wanted to bolster his thin attacking options this winter and an agreement was reached with Shanghai Greenland Shenhua for Ighalo, 30, in the final hours of the transfer window. Loading… center_img Read Also: Europa League: Ighalo makes Man United squad vs Club Brugge clash‘It’s decisions again and they obviously decided Ighalo was the best decision for them. I’ve played against him and I’m pleased for him.‘All I can do is keep working. I’m concentrating on Dalian, on working and learning and listening to the manager.‘After that, we will have to wait and see. You just never know in this game.’FacebookTwitterWhatsAppEmail分享 Salomon Rondon says he was ‘really close’ to joining Manchester United in January but understands the club’s decision to sign Odion Ighalo instead of him.Advertisementlast_img read more