Text of Bank of Canada interest rate announcement

first_imgOTTAWA – The Bank of Canada raised its key interest rate target Wednesday. Here’s the text of the central bank’s announcement:The Bank of Canada today increased its target for the overnight rate to 1.75 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1.5 per cent.The global economic outlook remains solid. The US economy is especially robust and is expected to moderate over the projection horizon, as forecast in the Bank’s July Monetary Policy Report (MPR). The new US-Mexico-Canada Agreement (USMCA) will reduce trade policy uncertainty in North America, which has been an important curb on business confidence and investment. However, trade conflict, particularly between the United States and China, is weighing on global growth and commodity prices. Financial market volatility has resurfaced and some emerging markets are under stress but, overall, global financial conditions remain accommodative.The Canadian economy continues to operate close to its potential and the composition of growth is more balanced. Despite some quarterly fluctuations, growth is expected to average about 2 per cent over the second half of 2018. Real GDP is projected to grow by 2.1 per cent this year and next before slowing to 1.9 per cent in 2020.The projections for business investment and exports have been revised up, reflecting the USMCA and the recently-approved liquid natural gas project in British Columbia. Still, investment and exports will be dampened by the recent decline in commodity prices, as well as ongoing competitiveness challenges and limited transportation capacity. The Bank will be monitoring the extent to which the USMCA leads to more confidence and business investment in Canada.Household spending is expected to continue growing at a healthy pace, underpinned by solid employment income growth. Households are adjusting their spending as expected in response to higher interest rates and housing market policies. In this context, household credit growth continues to moderate and housing activity across Canada is stabilizing. As a result, household vulnerabilities are edging lower in a number of respects, although they remain elevated.CPI inflation dropped to 2.2 per cent in September, in large part because the summer spike in airfares was reversed. Other temporary factors pushing up inflation, such as past increases in gasoline prices and minimum wages, should fade in early 2019. Inflation is then expected to remain close to the 2 per cent target through the end of 2020. The Bank’s core measures of inflation all remain around 2 per cent, consistent with an economy that is operating at capacity. Wage growth remains moderate, although it is projected to pick up in the coming quarters, consistent with the Bank’s latest Business Outlook Survey.Given all of these factors, Governing Council agrees that the policy interest rate will need to rise to a neutral stance to achieve the inflation target. In determining the appropriate pace of rate increases, Governing Council will continue to take into account how the economy is adjusting to higher interest rates, given the elevated level of household debt. In addition, we will pay close attention to global trade policy developments and their implications for the inflation outlook.Information noteThe next scheduled date for announcing the overnight rate target is December 5, 2018. The next full update of the Bank’s outlook for the economy and inflation, including risks to the projection, will be published in the MPR on January 9, 2019.last_img read more

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Andy Roddick Brooklyn Decker Attend Think It Up Live Pitch Competition For

first_imgThink It Up, the new initiative from the Entertainment Industry Foundation (EIF), joined Brooklyn Decker, Andy Roddick, Austin officials including Independent School District Superintendent Dr. Paul Cruz, and hundreds of local students and teachers on March 10th during SXSWedu for the second in a national series of Think It Up Live pitch competitions.Andy Roddick and Brooklyn Decker at EIF’s Think It Up Live EventCredit/Copyright: Rick Kern, 2016 Getty ImagesAlongside a panel and booth activation on-site at SXSWedu, the live pitch event was designed to empower students, celebrate teachers and build optimism about what’s possible in America’s classrooms. The event drew students and teachers from 24 traditional district and public charter schools in Austin.Think It Up Live Brings Spirit of SXSW to Local Austin Students and Teachers
At Think It Up Live, student-teacher teams across Austin came together to pitch VIP judges and Austin-based husband/wife couple Andy Roddick and Brooklyn Decker on their innovative learning ideas. Roddick, the founder of the Andy Roddick Foundation and retired tennis star, and well-known “Grace and Frankie” actress Decker, listened as students put their best ideas forward at this science fair-meets “shark tank”-type event designed to promote empowered, engaged learning.The winning team was selected from a group of 50 teams and came from Ann Richards School for Young Women Leaders, and received $1,000 to fund their project, which created a produce spoilage tracker to reduce food waste. All participating teams received $100 in funding credits to kick-start their projects.All funding credits are applied once teachers will post projects at ThinkItUp.org – a first-of-its-kind platform available to all public school students and educators (grades 7-12) in partnership with DonorsChoose.org, the popular teacher crowd-funding charity. To help bring to life more student-powered, teacher-led projects, Think It Up covers half each of each proposals total cost by EIF’s supporters, including Ashoka’s Start Empathy initiative, ExxonMobil and the Bill and Melinda Gates Foundation, with the rest raised through crowd-funding.The event follows the success of EIF’s inaugural Think It Up telecast that aired in September, and first Think It Up Live event in Denver held in December.Think it Up Debuts at SXSWedu
To spread awareness among education innovators, Think It Up participated in its first panel and expo at Austin’s SXSWedu conference. The “Think Rethink: Crowdsourcing Innovation Panel” on March 8th featured Creative Artists Agency Chief Innovation Officer Michelle Kydd Lee as moderator of a discussion featuring Jennifer Golub from MAL/FOR GOOD and Hillary Moglen from XQ: The Super School and Mike Marriner for Road Trip Nation. The panel discussed the power of crowdsourcing to generate ideas, including how each organization defines the crowd and why is it important to bring broader, mainstream cultural attention to education in the United States.At the SXSWedu convention center, the Think It Up booth brought the pitch competition to the expo, bringing to life the initiative’s excitement for learning by inviting visitors to submit an idea to bring their learning in the classroom to life.last_img read more

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Most actively traded companies on the TSX

first_imgSome of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,800.40, up 30.04 points):Canopy Growth Corp. (TSX:WEED). Healthcare. Up 76 cents, 5.92 per cent, to $13.59 on 8.3 million shares. Canopy says it will develop up to three million square feet of greenhouse growing capacity in British Columbia, more than doubling Canada’s biggest licensed marijuana producer’s production footprint. The company said in a statement that it has entered into a definitive joint venture agreement with a large-scale greenhouse operator where it will be a majority shareholder of BC Tweed Joint Venture Inc., a new company.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 10 cents, 4.44 per cent, to $2.35 on 7.04 million shares. Delta Air Lines says its deliveries of Bombardier CSeries aircraft may be delayed next year but that ultimately it won’t be forced to pay the 300 per cent preliminary duties recently announced by the U.S. Commerce Department. “We’re not going to be forced to pay tariffs or anything of the ilk,” CEO Ed Bastian said Wednesday during a conference call about its third-quarter results.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up five cents, 1.69 per cent, to $3.00 on 5.9 million shares.Birchcliff Energy Ltd. (TSX:BIR). Oil and gas. Up six cents, 1.16 per cent, to $5.24 on 4.3 million shares.Pretium Resources Inc. (TSX:PVG). Miner. Up $2.92, 24.07 per cent, to $15.05 on 3.6 million shares.Encana Corp. (TSX:ECA). Oil and gas. Up 12 cents, or 0.84 per cent, to $14.35 on 3.6 million shares.Companies reporting major news:Metro Inc. (TSX:MRU). Grocer. Up 26 cents, 0.62 per cent, to $41.99 on 692,466 shares. The grocery store chain says it will eliminate about 280 jobs starting in 2021 as part of a $400-million overhaul of its Ontario distribution network. Metro says the move to modernize and automate its network will mean the loss of about 180 full-time and 100 part-time positions.Shopify Inc. (TSX:SHOP). E-Commerce. Down $2.64, or 2.28 per cent, to $118.40 on 1.4 million shares. Shopify’s chief executive says he’ll push back against a short-seller’s report questioning the company’s business model during the release of their next financial results. Company CEO Tobias Lutke tweeted that he looks forward to the next earnings call, expected in early November, where he’ll address the “short-selling troll” targeting Shopify.Thomson Reuters Corp. (TSX:TRI). Media. Up four cents, or 0.07 per cent, to $57.71 on 494,816 shares. The multinational information services company will spend about US$100 million to house its new technology hub at a Toronto complex that’s being built for occupation in 2021.last_img read more

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CPP Investment Board approached about Trans Mountain CEO says no decision yet

first_imgOTTAWA – The federal government’s financial adviser has raised the possibility of the Canada Pension Plan Investment Board becoming involved in the Trans Mountain pipeline project but there’s been no political pressure applied, CPPIB chief executive Mark Machin told a parliamentary committee Monday.The Toronto-based fund manager and its peers will likely take a look at the stalled Trans Mountain project because there are a limited number of investment opportunities of its magnitude, but CPPIB has yet to begin a formal analysis or receive any confidential information, Machin told Commons finance committee.His testimony came less than two weeks after the government announced it would buy the project for $4.5 billion from Kinder Morgan, to ensure the pipeline will be completed, with the intent of selling it at a profit in time.Machin insisted, in answer to a question by Conservative MP Pierre Poilievre, that there had been no contact between CPPIB and Finance Minister Bill Morneau or any other member of the Liberal government.But Machin said that CPPIB has been approached by Greenhill & Co., a small investment bank that has been hired to advise the government on selling the Trans Mountain project.“I believe they’ve approached every — a lot of — funds domestically and internationally,” Machin said.“At this stage, we haven’t done any analysis. We’re still evaluating the situation. Obviously, we have an obligation to investigate and to assess any major investment opportunity that comes along. And to fully understand all of the risks, all of the potential returns and understand the fit for our portfolio as well.”The issue of political pressure is relevant because the CPPIB was set up in the late 1990s to be an independent manager of funds on behalf of the Canada Pension Plan, an employer and employee-funded retirement system.As of March 31, when CPPIB’s financial year ended, it managed a fund with $356.1 billion in net assets, up from $316.7 billion at the end of fiscal 2017 and $278.9 billion at the end of fiscal 2016.Morneau has predicted the Trudeau government will have no difficulty selling the Trans Mountain pipeline expansion project after uncertainty about its future is resolved.The federal government’s hand was forced by B.C. Premier John Horgan, who is waging a court battle over the federally regulated pipeline, which would carry diluted bitumen from Alberta’s oilsands to a sea port near Vancouver.Machin told the finance committee that the Canada Pension Plan Investment Board has a mixed track record with pipelines and will use its usual approach when deciding whether to put money into Trans Mountain.In general, he said, a major factor to consider is regulatory risks — pointing out that CPPIB and its co-investors in a European pipeline were caught by surprise when the Norwegian government made a significant change in the tariff regime — or pricing structure — shortly after the deal closed.“We’ve been in legal proceedings for a number of years now,” Machin said.“That is part of the regulatory risk. It’s a really critical part of due diligence to understand regulatory risk for any infrastructure investment.”The federal government decided to buy Trans Mountain after Houston-based Kinder Morgan threatened to walk away from the pipeline expansion due to political uncertainty, particularly because Horgan’s New Democrat government said it will do everything in its legal power to stop the pipeline because of unresolved environmental concerns.Machin told the committee that the CPPIB hasn’t made a formal evaluation of Trans Mountain “purely because it’s at an early stage and we haven’t got any confidential information, or any information, to assess the situation yet.”The Ontario Teachers Pension Plan — another of Canada’s independent retirement fund managers — indicated last week that it had a financial obligation to take a look at the potential of Trans Mountain.— by David Paddon in Torontolast_img read more

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New entrant to NJ sports bet market NBAFanDuel in deal

first_imgATLANTIC CITY, N.J. — A Canadian company says it will enter New Jersey’s sports betting market as an affiliate of Monmouth Park Racetrack.Toronto-based theScore says it will begin offering an online and mobile sports book in mid-2019, pending approval by state regulators.The company offers digital sports experiences through its web, social and esports platforms.The announcement came the same day that the National Basketball Association announced a deal making daily fantasy sports provider and recently minted bookmaker FanDuel a gambling partner of the league.FanDuel will gain access to official NBA betting data, along with league marks and logos across FanDuel’s sports betting offerings.New Jersey’s sports betting market is growing rapidly, with $928 million worth of bets having been taken by the state’s casinos and racetracks since mid-June.Wayne Parry, The Associated Presslast_img read more

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Moroccos Baccalaureate Exams Leaked on Social Media

Rabat – Despite measures to prevent cheating during baccalaureate exams, photos of exam sheets were leaked on social media only minutes after the exam started today.Exam questions covering science, physics, and Arabic have all been leaked on social media. Students have also been active on Whatsapp groups to help students cheat on exams and provide answers for the baccalaureate questions.The baccalaureate exams started today across the country. In response to the leaks, the Ministry of Education has tracked the people who shared photos of the exam sheets. The ministry noted that the culprits have been detained inside institutions, where examinations are ongoing, pending measures against them.The ministry has mobilized 41,660 teachers to oversee exam conditions. The ministry added that a further 40,000  teachers would grade approximately 3.6 million exam papers.The ministry also assured that strict measures would be taken for fairness both before and during the exam.In 2017, the ministry announced that the rate of cheating in Morocco dropped by 60 percent.Last month, the Minister of Education, Vocational Training, and Scientific Research, Said Amzazi, ordered students to keep any communication devices at home during exams.Amzazi had also urged parents to cooperate with the ministry’s anti-fraud law against cheating in baccalaureate exams by preventing their children from taking their phones with them into exams.The minister also pledged strict measures to guarantee a fair atmosphere during the exams, running until June 8. read more

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New UN pact aims to boost sharing of climaterelated data to fight

4 September 2009In a bid to step up the fight against global hunger, two United Nations agencies have agreed to greater sharing of information on weather patterns and other climate-related data that can help predict the location of the next emergency food shortage. World Meteorological Organization (WMO) data concerning floods, hurricanes, mudslides, drought and other forms of severe weather can give the World Food Programme (WFP) a critical advantage in helping communities to prepare and react to such impacts of climate change that damage crops, homes and lives, according to a joint news release issued by the agencies.Under the recently signed Memorandum of Understanding, WFP and WMO will broaden collaboration on the collection and use of complex weather data, which the food agency analyses for its emergency preparedness, disaster risk reduction and vulnerability assessment efforts in the field.“Climate change is a crisis multiplier,” WFP Deputy Executive Director Staffan de Mistura told reporters at the 3rd World Climate Conference in Geneva on Wednesday.Mr. de Mistura noted that in countries affected by conflict or the double blow of the financial and food price-hike crises, climate change intensifies the suffering.Referring to his time in Iraq, where Mr. de Mistura was the top UN envoy before joining WFP, he said there “were constant sandstorms caused by drought and desertification. People were already suffering from all the problems in Iraq that we all know only too well and the sandstorms made a difficult situation worse.” read more

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Deputy SecretaryGeneral meets with Bretton Woods officials in Washington

In addition to holding discussions with IMF Managing Director Horst Kohler and other Fund officials, Ms. Fréchette met separately with staff of the UN who are based in the US capital.Tomorrow, the Deputy Secretary-General will continue her contacts with representatives of international financial institutions, holding meetings in Washington with World Bank officials, including Managing Director Shengman Zhang and Vice President for External and UN Affairs Mats Karlsson. A UN spokesman said the purpose of her visit was to have an exchange of views on strengthening the UN, especially looking at the implementation of the Millennium Development goals adopted by world leaders attending a UN summit in 2000, as well as follow-up to the recent International Conference on Financing for Development, held in Monterrey, Mexico. read more

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Encana President CEO retires

Natural gas giant Encana Corp. says its President & CEO is retiring after 35 years at the company.Randy Eresman’s departure from the top job is effective immediately, but he’s agreed to stay on the board in an advisory role until the end of February.Eresman says the company is in good shape and it’s the right time for him to hand the leadership over to someone else.Clayton Woitas has been appointed CEO on an interim basis while the board searches for a permanent replacement.Woitas is a director on Encana’s board and chief executive of Range Royalty Management Ltd.Encana spun off its oil assets into Cenovus Energy Inc. (TSX:CVE) about three years ago, meaning it is almost entirely focused on natural gas.Since then, low gas prices have made it particularly tough on Encana, which has been selling assets and inking joint-venture partnerships in order to shore up its finances. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by News Staff Posted Jan 11, 2013 4:21 pm MDT Encana President & CEO retires read more

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Focus on peoples prosperity key to sustainable development says Kyrgyz leader at

Over the last five years, extreme poverty has fallen by 45 per cent, said Almazbek Atambaev, adding that system-wide efforts have been introduced to address corruption and that the country has embarked on major projects to improve infrastructure, achieve energy independence and create a stable energy sector. “Kyrgyzstan is among the most free and stable in the Euro-Asian region and boasts a strong civil society,” he highlighted. In his address to the 72nd annual general debate at the United Nations General Assembly, President Atambaev said Kyrgyzstan is elaborating a strategy for sustainable development through 2040, which is aimed at creating jobs, ensuring social well-being, raising living standards and promoting a parliamentary democracy with a strong civil society. Turning to the challenges posed by climate change, he said that being a mountainous country, Kyrgyzstan is particularly prone to its effects, with all sectors feeling the impact. Calling the transition to sustainable development “a matter of survival,” the President said the protection of endangered wildlife, such as the snow leopard, is also critical. Further in his remarks, the Kyrgyz President underscored that future prosperity is, in part, contingent on the effective use of scarce water resources, he urged for cooperation among countries to resolve any disputes. In conclusion, he also drew attention to the increasing threat of terrorism and extremism and urged international collaboration and cooperation to combat the scourge, including through tackling the issue of money-laundering and drug trafficking. read more

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Transmission deal boosts Ricardos reputation in global motor sport

Ricardo has announced that it will be the exclusive supplier of transmissions to Swift Engineering of California, for cars racing in the 2009 season of Japan’s Formula Nippon series. Design and development work is already in progress and the first transmissions for the Swift 017.n will be delivered in June. Commenting on the deal Casper van der Schoot, Swift Engineering program director said, ‘Ricardo has a proven track record in the highest echelons of motor sports and will be able to provide us with first rate products and support in this program. We are very excited about this new relationship and are looking forward to see the results when the 017.n first hits the track in the fall of this year.’ Ricardo director of high performance transmissions products, Mark Barge, added, ‘We are proud to have been nominated as transmission supplier for the next generation Formula Nippon chassis. This contract award further reinforces our growing reputation as the supplier of choice for leading motor sports customers in all parts of the world.’ Ricardo already supplies transmissions for Japan’s Super GT series as well as single make series including the World Series by Renault and Indy Pro Series. In May last year the FIA announced the appointment of Ricardo to provide technical support and advice on the development of future regulations in Formula One. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

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Whats New In Our 201718 Club Soccer Predictions

Costa RicaCONCACAF0.09-0.300.02 HondurasCONCACAF-0.61-0.61 SpainUEFA2.012.102.01 There aren’t too many surprises at the top; out of the five biggest European leagues, four are in the top five, with La Liga in Spain and the Bundesliga in Germany pretty far ahead of the pack. The Premier League in England, despite being the most valuable league in the world, has struggled to compete in the Champions League recently, and their match-based rating lags far behind their market value rating. Another league whose recent performance according to our ratings has lagged behind their market value is Major League Soccer in the U.S., whose last CONCACAF Champions League title was in 2000. MLS shows up in 28th place, between the Danish and Croatian leagues and a long way behind their regional rivals Liga MX in Mexico.To generate these league strength ratings, we’ve set up a system where we first assume that all leagues are of equal strength and determine how far above or below expectation each league has performed over the past five years. In order, we:Run through all domestic matches in history and calculate domestic team SPI ratings throughout time.Look at each inter-league match from the past five years and calculate the expected score of the match based purely on each team’s domestic rating at the time.Take the difference between our expected score of the match and the actual score and run these results through Massey’s Method to find a rating for each league, expressed in how many goals better or worse than average that league is.Regress these calculated ratings toward market-value based ratings, weighted by how many inter-league matches we have for each league.Run through all matches in history again, incorporating league strengths into the predictions for any inter-league matches to improve the final team ratings.Our league strengths can be interpreted as a bonus (in goals) given to each team in an inter-league match. So, for example, if Real Madrid (league strength of 2.01) were playing PSG (league strength of 1.48) and Real Madrid were a 0.2 goal favorite based only on their domestic SPI ratings, our model would give Real Madrid an extra 0.53 goal bonus because of the difference in the two teams’ league strengths.A nice feature of these league strength ratings is that they let us generate global SPI ratings for any club team in the world. These global SPI ratings are a combination of each team’s domestic SPI rating and the strength of the league they play in. To generate them, we set up a mock match on neutral ground against a team with a domestic offensive and defensive SPI rating of 1.35 that plays in a league with strength of 1.25. (These values are just arbitrary ratings that we use for a baseline team against which we can compare any other team.) We calculate the number of goals we expect each team to score in the match as well as the chances of each team winning. So each team’s global SPI ratings can be interpreted as follows:Offensive SPI: the number of goals the team is expected to score in such a matchDefensive SPI: the number of goals the team is expected to concede in such a matchOverall SPI: the percentage of points the team is expected to take in such a matchWe’ll be adding a list of all SPI-rated teams to our club soccer predictions soon. For now, you can find forecasts from 24 leagues. They’re available in three languages (English, Spanish and Portuguese) and will be updated after every match. Czech RepublicUEFA0.710.440.69 PortugalUEFA1.181.161.18 COUNTRY▲▼CONFEDERATION▲▼INTER-LEAGUE MATCHES▲▼MARKET VALUES▲▼OVERALL STRENGTH▲▼ HungaryUEFA-0.360.11-0.29 GermanyUEFA1.891.881.89 GreeceUEFA0.810.620.80 ItalyUEFA1.481.891.50 SwedenUEFA0.730.290.70 Not all leagues have market values on Transfermarkt.Sources: ESPN, Transfermarkt MaltaUEFA-1.65-0.63-1.44 COUNTRY▲▼CONFEDERATION▲▼INTER-LEAGUE MATCHES▲▼MARKET VALUES▲▼OVERALL STRENGTH▲▼ GuatemalaCONCACAF-0.64-0.64 IsraelUEFA0.220.230.22 NetherlandsUEFA0.711.050.73 IcelandUEFA-0.31-0.69-0.36 UruguayCONMEBOL0.600.150.58 BulgariaUEFA-0.150.27-0.10 BelgiumUEFA0.971.000.97 AustriaUEFA0.860.590.84 DenmarkUEFA0.590.380.57 MacedoniaUEFA-0.74-0.88-0.76 BoliviaCONMEBOL0.530.53 LuxembourgUEFA-1.41-0.84-1.29 WalesUEFA-1.60-0.88-1.46 PeruCONMEBOL-0.06-0.03-0.06 BrazilCONMEBOL1.481.641.49 ArgentinaCONMEBOL1.480.711.45 Faroe IslandsUEFA-1.70-0.88-1.54 STRENGTH BASED ON … CroatiaUEFA0.550.490.55 Relative strength of club soccer leagues from Europe, North America and South America, by countryBased on matches played in the past five years and the current market value of each league FranceUEFA1.511.011.49 ParaguayCONMEBOL0.900.90 ChileCONMEBOL0.740.180.71 KazakhstanUEFA0.400.270.39 EstoniaUEFA-1.67-0.52-1.47 ScotlandUEFA0.140.440.17 ArmeniaUEFA-1.05-0.42-0.92 RussiaUEFA1.491.271.48 AlbaniaUEFA-0.77-0.30-0.70 CyprusUEFA0.04-0.300.02 USACONCACAF0.540.660.56 AzerbaijanUEFA0.01-0.040.01 SwitzerlandUEFA1.070.751.06 Northern IrelandUEFA-1.63-0.88-1.48 BelarusUEFA0.150.020.14 TurkeyUEFA1.111.161.12 GeorgiaUEFA-0.79-0.30-0.71 MexicoCONCACAF1.120.931.09 ColombiaCONMEBOL1.020.460.99 All our significant changes are in how we assess the relative strength of domestic leagues. The goal was to improve our forecasts for the Champions League and Europa League and to better compare clubs in different countries — say, Juventus in Italy to Ajax in the Netherlands. We’re using recent matches played between teams from different leagues, supplemented with league market values (from Transfermarkt), to assign a strength rating to every league that we’re forecasting. Our new league ratings also give us the ability to a calculate a global Soccer Power Index (SPI) rating for each team — a number from 0 to 100 that represents the overall strength of each team.We’ll get into more detail about that methodology below, but to start, here are our league strengths for most of the top-tier domestic leagues in Europe, North America and South America: FinlandUEFA-0.45-0.38-0.44 This methodology article is for an old version of our club soccer forecasts. See how our latest club soccer predictions work.We’ve launched a big expansion of our soccer predictions here at FiveThirtyEight. We’re now forecasting 24 club soccer leagues, with two more — Champions League and Europa League — to come in a few weeks. We’ve added leagues from South America (Brasileirão and the Argentine Superliga), along with 14 new European leagues, including five second-tier leagues, such as the English Championship.For the most part, the methodology behind our forecasts is the same as last year’s. We’re still using four metrics from each match — goals scored, adjusted goals, shot-based expected goals and non-shot expected goals — to evaluate team performances. Those evaluations are expressed as offensive and defensive ratings for each team. And those ratings, in turn, let us calculate win/loss/draw probabilities for future matches and simulate the season thousands of times to estimate each team’s chances of winning the title. RomaniaUEFA0.750.240.71 SerbiaUEFA-0.110.12-0.09 EnglandUEFA1.582.281.60 El SalvadorCONCACAF-0.46-0.46 PanamaCONCACAF0.070.07 UkraineUEFA1.100.881.09 MontenegroUEFA-0.99-0.43-0.87 AndorraUEFA-2.79-0.88-2.25 VenezuelaCONMEBOL-0.09-0.11-0.09 LatviaUEFA-1.46-0.35-1.27 STRENGTH BASED ON … IrelandUEFA-0.28-1.07-0.40 BosniaUEFA-0.61-0.03-0.51 EcuadorCONMEBOL0.770.460.75 LithuaniaUEFA-2.08-0.43-1.69 SlovakiaUEFA0.19-0.160.15 PolandUEFA0.630.210.60 MoldovaUEFA-0.63-0.88-0.67 SloveniaUEFA-0.160.01-0.14 NorwayUEFA0.500.190.48 read more

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Roy overstepped the mark Ferguson reveals all in new book

first_imgFORMER MANCHESTER UNITED manager Alex Ferguson launched his new autobiography this afternoon, lifting the lid on his relationships with the likes of Roy Keane, David Beckham and Wayne Rooney.He confirmed that Keane, his long-serving captain, was asked to leave the club after lashing out at several of his younger team-mates in an interview with in-house television channel MUTV that was never broadcast.“We couldn’t release the (MUTV) video. He overstepped the mark,” Ferguson said.“We had to do something about it. We’d had a meeting and it was horrendous but if I had let it pass the players would have judged me much differently.”One their falling out, he added: “It was frightening to watch and I’m from Glasgow. The hardest part of his body is his tongue.”He also revealed that he was twice offered the England manager’s job, in 1999 and 2001, but turned it down.“There was no way I could contemplate that. It wasn’t a bed of nails I was ever tempted to lie on,” he said in ‘My Autobiography’.Ferguson, 71, stepped down as United manager in May after a record-breaking 26-and-a-half-year tenure in which he won 13 Premier League titles, two Champions League crowns, five FA Cups and four League Cups.The Scot developed a reputation for imposing unyielding discipline on the players in his squad and he was particularly forthright about several of the superstars he worked with.He described Beckham as “the only player I managed who chose to be famous, who made it his mission to be known outside the game”.Ferguson said he decided to sell Beckham to Real Madrid after an incident following an FA Cup loss at home to Arsenal in February 2003 when he accidentally kicked a boot into the midfielder’s face during a post-match argument.“The next day the story was in the press. In public an Alice band (worn by Beckham) highlighted the damage inflicted by the boot,” Ferguson said.It was in those days that I told the board David had to go. The minute a Manchester United player thought he was bigger than the manager, he had to go. That was the death knell for him.”Expanding on the story at a press conference in central London to mark the launch of the book, Ferguson said that Beckham’s focus shifted after he married the pop star Victoria Adams in 1999.“The big problem for me is that he fell in love with Victoria. That changed everything,” he said.Ferguson said that his relationship with Keane broke down irretrievably after the Irishman “slaughtered” players including Kieran Richardson, John O’Shea, Darren Fletcher and Rio Ferdinand in an MUTV interview in 2005.Ferguson recalled an exchange with his assistant manager, Carlos Queiroz: “‘He needs to go, Carlos,’ I said. ‘One hundred percent,’ he said. ‘Get rid of him,’ I said.”Ferguson described Ronaldo, who left United for Madrid in 2009, as “the most gifted player I managed” and said watching him play for the first time was “the biggest surge of excitement… I experiencied in football management”.The Scot disclosed the contents of the conversations he had with Rooney on the two occasions he asked to leave the club, in 2010 and in May this year.On the first occasion, Ferguson said Rooney was worried about United’s ambition and urged him to sign Germany playmaker Mesut Ozil, who went on to join Arsenal in a club-record transfer last month.“Wayne said that we should have pursued Mesut Ozil, who had joined Real Madrid from Werder Bremen,” Ferguson said.“My reply was that it was none of his business who we should have gone for. I told him it was his job to play and perform.”Ferguson said Rooney “seemed to tire in games” during his last campaign and claims the former Everton striker asked to be allowed to leave.He came into my office the day after we won the league and asked away,” Ferguson said. “He wasn’t happy with being left out for some games and subbed in others.”At the press conference, Ferguson reiterated his support for his successor, David Moyes, who has overseen United’s worst start to a league season since 1989.“You know something? Manchester United are the only club in that league that can win the league by coming from behind, believe me,” he said.“Once they get the ball rolling, they’ll be fine. David Moyes is in a great position. There’s a great support system.”The book, which follows Ferguson’s previous 1999 autobiography, ‘Managing My Life’, goes on general sale on Thursday.© AFP 2013Take the pressure off Bale, says RonaldoOpen thread: What would you like to read about most in Alex Ferguson’s autobiography?last_img read more

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Une campagne pour inciter les Français à participer aux essais cliniques

first_imgUne campagne pour inciter les Français à participer aux essais cliniquesFrance – Le Centre national de gestion des essais de produits de santé (Cengeps) lance ce mardi une nouvelle campagne de communication. Son but : recruter des volontaires pour tester des médicaments à l’étude.La France peine à trouver des volontaires pour tester ses molécules et ses médicaments. Elle accumule ainsi les retards en matière de recherche clinique, et se laisse devancer par d’autres pays de l’Union en se plaçant en dessous de la moyenne européenne. En l’espace de 10 ans, le nombre de volontaires a chuté de 40% en France, passant de 1.333 en 2000 à 920 en 2009. Un récent sondage Ifop, montre d’ailleurs qu’un Français sur deux refuse de participer à ces tests et que les autres ne savent pas où s’adresser et ne sont pas non plus sollicités.  C’est pourquoi le Cengeps lance une campagne nationale, visant à dédramatiser la pratique : elle explique en quoi consistent les essais cliniques, et fournit des témoignages concrets de volontaires. Son slogan : “La santé de demain a besoin de nous aujourd’hui. Participons à la recherche clinique”. Cette campagne d’affichage s’exposera notamment dans les hôpitaux et dans les cabinets de généralistes. Le site internet www.notre-recherche-clinique.fr aura quant à lui pour vocation d’informer le grand public au sujet de la recherche clinique et de faciliter l’accès aux protocoles d’essais en cours de recrutement ayant lieu en France. Les réseaux sociaux (Facebook, Twitter) ainsi que les sites internet de partage de vidéos (Dailymotion) serviront également à relayer les informations. Les essais cliniques sont indispensables sur l’homme pour mettre au point des médicaments efficaces et obtenir l’approbation des autorités sanitaires afin que ces derniers soient commercialisés. Ils concernent autant les personnes saines que les personnes malades. Les personnes en bonne santé testent pour leur part la tolérance du produit par l’organisme uniquement lors de la phase I des essais. Et contrairement à ce qu’on pourrait penser, les malades ne sont pas forcément prêts à participer à ces essais. Pourtant, tout est mis en œuvre pour que le “cobaye” soit protégé au mieux. Les molécules sont au préalable testées sur des animaux, les participants sont soumis à un suivi médical tout au long des tests et sont assurés en cas d’accident. Sans compter l’indemnisation des volontaires qui peut s’élever à 4.500 euros par an. Le 27 avril 2010 à 12:47 • Emmanuel Perrinlast_img read more

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Spotifys Rise to Power Dramatized in TV MiniSeries

first_imgStay on target Ever wonder how Spotify went from Swedish startup to global sensation?A new book chronicling the company’s meteoric rise is set to be adapted into a TV drama.Tell-all novel “Spotify Untold” (“Spotify Inifrån”) has been optioned by Yellow Bird UK for a limited scripted series examining “how a secretive start-up wooed record companies, shook the music industry to its core, and conquered Wall Street.”The book, dubbed a “modern-day David-versus-Goliath,” is a behind-the-scenes exposé of how founder Daniel Ek and financial partner Martin Lorentzon bet everything on an idea.“A tale of tech entrepreneurship, this is a journey beset with egos, obstacles, and betrayal,” according to a Yellow Bird press release.Think The Social Network, but with more music and on the small screen.“The Spotify story is a drama at the highest levels of tech, music, and finance. It’s perfect for the screen” book co-author Sven Carlsson said, praising Yellow Bird’s “strong track record in making Nordic stories come alive on the international scene.”Founded in 2003, the firm’s resume includes The Girl With the Dragon Tattoo, The Millennium Trilogy, and Wallander.And, soon, “Spotify Untold.”Investigative journalists Sven Carlsson and Jonas Leijonhufvud deliver a behind-the-scenes exposé of Spotify’s rise (via “Spotify Untold”)Central to the upcoming series is Spotify’s turbulent journey into the U.S. market, described as a “chess match between the new kids and the old guard”: Steve Jobs, Jimmy Iovine, and Beats Music against Ek and Sean Parker.“Set in the dynamic arena of the music industry, this is the true story of youth challenging the establishment,” film producer Berna Levin explained. “With reality trumping fiction at every turn, we will explore one of the greatest and most surprising technological advancements of our time.”The series, expected to feature major players in the music and tech industries, will likely need to cast yet another version of real-life characters Steve Jobs (previously portrayed by Ashton Kutcher and Michael Fassbender), Mark Zuckerberg (Jesse Eisenberg), and Sean Parker (Justin Timberlake).And, if the book’s website is anything to go by, you can also expect fictionalized forms of Ek, Jay-Z, Pony Ma Huateng, and Jimmy Iovine.“The rise of Spotify is one of the greatest stories to come out of Sweden in the past 10 years,” co-author Jonas Leijonhufvud said in a statement. “It’s a saga of a young founder who came out of nowhere and beat Apple at their own game.”The show will be developed and produced by Yellow Bird UK, Levin, and Luke Franklin. Carlsson and Leijonhufvud will consult on the project.It’s unclear whether the series will keep its source material’s title.Watch: Parents Can Now Block Explicit Content on Spotify Premium Family PlanMore on Geek.com:Disney Soundtracks Now Live in Special Spotify HubSpotify Simplifies Podcast, Music Navigation for SubscribersSpotify Mixes Music, News to Rev Up Your Commute Disney Soundtracks Now Live in Special Spotify HubSpotify Simplifies Podcast, Music Navigation for Subscribers last_img read more

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1 killed 2 hurt in NW MiamiDade car crash

first_imgNORTHWEST MIAMI-DADE, FLA. (WSVN) – One person was killed and two others were rushed to the hospital after, police said, they were involved in a car accident in Northwest Miami-Dade, Monday evening.Miami-Dade Police and Fire Rescue responded to the scene of the crash near Northwest 173rd Street and 74th Avenue, just after 5:30 p.m.Cameras captured crews putting one of the victims into a rescue truck, as well as placing a yellow tarp to cover the deceased victim.Paramedics airlifted at least one of the victims to an area hospital.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

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Mediaweek Brandweek Folding into Adweek

first_imgThis story appeared first at FOLIO: sister site minonline. Mediaweek and Brandweek will be folding into Adweek in coming days. Notes atop the respective Prometheus Global media sites yesterday (April 11) told readers, “In the upcoming weeks, Mediaweek.com [and Brandweek.com] will become part of the new completely redesigned Adweek.com. You’ll still get the brand marketing news you seek out here, but in an enhanced site with an unmatched user experience. Look forward to exclusive content, more video and new interactivity – coming soon!” Similar notes accompanied the print issues of all three publications this week.Read the rest of the story here.last_img

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Fidel Castros son commits suicide

first_imgFile photo taken on June 1, 2016 of Cuban Fidel Castro Diaz-Balart, son of Cuban leader Fidel Castro. Fidel Castro`s eldest son committed suicide: Cuba state media on 1 February 2018. AFPThe 68-year-old son of Cuban revolutionary Fidel Castro, Fidel Angel Castro Diaz-Balart, has died in Havana after taking his own life, according to the media here.He was found on Thursday morning and is said to have suffered from depression.Popularly called “Fidelito”, he was the first-born of the former President, who died in November 2016.Castro Diaz-Balart worked as a nuclear physicist having trained in the former Soviet Union, the BBC reported.“Fidel Castro Diaz-Balart, who had been treated by a group of doctors for several months due to deep depression, took his life this morning,” Cuba’s official newspaper Granma reported.He had been of late receiving his treatment as an outpatient, following a hospital stay.At the time of his death, he was a scientific adviser for the Cuban Council of State and he served as vice president of Cuba’s Academy of Sciences.His professional profile says he authored several books during his life, and represented the country academically at international events around the world.The television announcement said his funeral would be planned by his family, but no further details were given.His father, Fidel Castro, a revolutionary figure and one of the world’s longest serving political leaders, died at 90 in 2016.last_img
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Collins Indictment Raises Extra Hurdle in Culbersons Run for Reelection

first_img X Even before Collins was indicted, Culberson was in the toughest fight of his political life. Brandon Rottinghaus of the University of Houston says under the circumstances, the appearance of scandal matters more than the reality.“Scandals hurt worse when they are more recent, when they are financial in origin, especially related to corruption concerns, and when they can be pinned to larger ethical concerns about the incumbent political party. For Culberson, all three of these things wind up in a way that hurts him dramatically,” Rottinghaus says.Culberson’s opponent this fall, Lizzie Fletcher, has been outraising him for much of the campaign. Most political analysts consider the race in West Houston’s 7th Congressional District a toss-up. To embed this piece of audio in your site, please use this code: Listen center_img Manuel Balce Ceneta, APU.S. Rep. John Culberson, R-Texas, left, listens as Rep. Hal Rogers, R-Ky. speaks on Capitol Hill in Washington.Houston Congressman John Culberson is one of several Republican House members who sold their stock in Innate Immunotherapeutics, an Australian biotech firm, shortly before revelations of a failed clinical drug trial caused the firm’s stock to crash. One of those colleagues, New York Rep. Christopher Collins, has been indicted on insider trading charges. There’s no indication Culberson did anything wrong, but the scandal could still cost him. 00:00 /00:45 Sharelast_img read more

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