Comment Unai Emery speaks out on Arsenal’s transfer plan after Europa League final defeat to Chelsea Unai Emery is hopeful Arsenal can land their top targets (Getty Images)Unai Emery is confident that Arsenal can still attract top players despite the club’s failure to secure Champions League football for next season.The Gunners missed out on a top-four place in the Premier League but still had the chance to reach the Champions League by beating Chelsea in the Europa League final.However, Emery’s side sunk to a 4-1 defeat to Chelsea in Baku and now face the prospect of playing in the Europa League once again next season.Reports have claimed that Emery will have just £40 million to spend in the summer window, while some of Arsenal’s transfer targets were waiting to see if the club would be playing in the Champions League.AdvertisementAdvertisementADVERTISEMENTBut when asked if Arsenal’s defeat to Chelsea will have an impact on the club’s transfer plans, Emery replied: ‘Maybe, but I think we are a big team. Advertisement Chelsea celebrated their Europa League victory in Baku (Getty Images)‘I don’t know our targets for next year, but the club is working to improve and do everything in our way.‘We have a lot of players who have the possibility to improve and grow up with us.‘For example, we have given a lot of youngsters their first experience of a final.‘I am positive for our future, creating our way with young players who are getting better in our way.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Arsenal’s players looked dejected after their Europa League final defeat (Getty Images)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I think Arsenal is a big name in the world of football. A lot of players want to play here.‘We are in one process and we need, in this process, to be strong in our idea, to be strong in our way.‘It’s the reason we started this season. The idea was to get more competitive like a team, be closer to other teams, and we did that.‘At the moment, it’s not enough for our target, but the next week and next year that idea will continue in our minds. Metro Sport ReporterThursday 30 May 2019 1:29 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link15Shares Advertisement
Senior European economist Magdalena Polan, the report’s author, said: “However, the impact on long-term fiscal sustainability will be small. Together with the asset transfer, the government will take on the associated pension liability. So, while net debt will decline, gross liabilities will not change, although their average maturity will be extended (as most people in the private pillar are more years from retirement than the average duration of government bonds).”The new law bans the OFEs, which held 22% of long-term Polish government bonds, from further investment in this asset class.The report notes that the share held by non-resident investors will rise from 33% to around 42%, while commercial banks will become the biggest investors. “With non-resident investors and banks preferring shorter maturities, the average duration of Polish bonds may fall, especially if government debt managers are price sensitive,” writes Polan.Market valuations may not necessarily fall, but Hungary’s experience following its appropriation of second pillar assets points to a potential fall in liquidity, she says. The report adds: “An elimination of the largest local player, combined with a significantly higher relative share of non-resident investors, will make the Polish bond market even more sensitive to changes in global risk sentiment (our earlier research suggests Polish rates have a fairly high sensitivity to changes in global risk sentiment), with potential repercussions for Zloty and FX reserves volatility.”The impact on the equity market depends on how many people stay in the second pillar, and future fund investment strategies.Given that the OFEs have to invest 75% of their assets in equities in 2014 and have few alternatives, the report estimates that, even if only if 50% remain the second pillar, the funds could invest roughly the same amount as in 2013.In the longer term, lower inflows and the growing impact of the ‘zipper’ will force the funds to liquidate equity holdings to raise the necessary cash.Regulatory changes allowing the funds to invest more in foreign assets poses a further threat to the Polish stock market.Polish equities used to benefit from the so-called ‘pension’ premium created by a steady inflow and investment rules confining the OFEs to domestic investment.Lower inflows, concludes Polan, will reduce this premium. Poland’s pension changes may generate some fiscal relief, but that will come at the expense of reduced bond market liquidity and equity price uncertainty, according to a recent economics comment from Goldman Sachs Global Macro Research.The transfer of 51.5% of second-pillar pension fund (OFE) portfolios, including all Polish government bonds, to the first pillar will reduce public debt by 8-9% of GDP, additionally lowering debt service costs.Further inflows will come from those workers who elect or default to putting all future contributions into the first pillar when the system becomes voluntary.Finally, under the ‘zipper’ rule, the fund assets of those members with 10 years or less before retirement will transfer incrementally each year to the first pillar, generating an extra 0.3% of GDP in state revenue.
Share Sharing is caring! HealthLifestyle New Zealand bans synthetic cannabis products by: – August 6, 2011 Share Tweet 12 Views no discussions Share By Phil MercerBBC NewsThe artificial products are marketed as an alternative to cannabisA 12-month ban of synthetic cannabis products has come into effect in New Zealand.The government says the 43 artificial cannabis products can harm health, including causing heart problemsBut consumers of the products say the ban will force them to buy recreational drugs on the black market.Among the prohibited substances is a popular brand known as Kronic, which has been a legal alternative to marijuana for several years.It is smoked like marijuana and has been available in shops and tobacconists.Some retailers believe that other legal highs will continue to flood a very popular, and lucrative, market.Chris Fowlie, manager of the Hemp store in New Zealand’s largest city Auckland, says there will be ways for suppliers to circumvent the new regulations.“I think this will encourage companies to just put out one product at a time, you know, maximise their sales for it and then when that gets banned simply replace it with the next one,” he said.“We already know that there are hundreds if not thousands of synthetic cannabinoids out there.”But Peter Dunne, New Zealand’s associate minister for health, says that if new products become available they too could be banned.“The temporary class drug notice will be able to be made available to any psycho-active substance where there is a risk, or a perceived risk or an apparent risk to, if you like, human safety,” he said.The new law comes into place on Friday and stockists have until the middle of the month to remove the products from their shelves.The ban will initially run for 12 months.Next year New Zealand’s conservative government plans to bring in comprehensive changes based on a review of the country’s drug legislation by the Law Commission.
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I know I am getting old and grouchy, but it is really beginning to bother me when I watch major league baseball on TV and I can’t see half of the faces of the players on the field. The faces are covered with some of the ugliest beards I have ever seen. Wasn’t Gillette a big sponsor of baseball at one time? Let’s get them back!Also, some of the hair styles are getting so outrageous their helmets don’t fit. This cannot be comfortable in the middle of the summer with the heat and humidity. Where is Marge Schott when you need her?
NEW YORK , United States (AFP) — Michael Jordan believes the Chicago Bulls 1990s National Basketball Association (NBA) dynasty would have stayed together for at least one more season if team chiefs had backed Coach Phil Jackson.The retired legend made his comments in the last chapter of the hit documentary The Last Dance, saying he would have re-signed a one-year deal had management kept the team together, including Dennis Rodman, Scottie Pippen, and Jackson.“If you asked all the guys who won in ’98…’We’ll give you a one-year contract to try for a seventh,’ you think they would have signed? Yes, they would have signed,” Jordan said.“Would I have signed for one year? Yes, I would have signed for one year.“Would Phil have done it? Yes. Now, Pip, you would have had to do some convincing. But if Phil was going to be there, if Dennis was going to be there, if MJ was going to be there, to win our seventh? Pip is not going to miss out on that.”Instead, Jordan and Jackson stepped away from the game, only to return later, while Pippen and Steve Kerr were traded and Rodman was released.The rebuilding Bulls missed the play-offs with losing records for the next six seasons after taking the 1998 title and since then have reached the Eastern Conference finals only once.The 10-part saga concluded with Jordan saying he felt no sense of gratification to leave while on top.It’s maddening“It’s maddening, because I felt like we could have won seven,” Jordan said. “I really believe that. We may not have, but man, just to not be able to try, that’s something that I just can’t accept for whatever reason.”Former Bulls General Manager Jerry Krause had told Jackson before the 1997-98 season that it would be his last campaign as coach, a move that led to Jordan’s exit and the Bulls breakup.“In ’98, Krause already said at the beginning of the season, ‘Phil can go 82-0, and he was never going to be the coach.’ So when Phil said it was the last dance, it was the last dance,” Jordan said.“We knew they weren’t going to keep the team. Now, they could’ve mixed all of it at the beginning of ’98. Why say that statement at the beginning of ’98?”Krause, who died in 2017 at age 77, was concerned about trying to keep the team a contender and hoped for a quick rebuild, fearful of the quick plunge and rapid talent turnover that eventually came.After offering no solace to Jackson during a difficult season, Bulls owner Jerry Reinsdorf said he called Jackson following the team’s championship parade and offered him the chance to return for the 1998-99 season.“After the sixth championship, I offered him the opportunity to come back,” Reinsdorf said. “You’ve earned the opportunity to come back, regardless of what was said before now,” he told Jackson.But Jackson said in the documentary that he rejected the offer after having spent the season as a lame duck.“I said, ‘Well, I think I should just take a break. I don’t think it’s fair to Jerry [Krause], and I know it would be difficult for him to accept that,” Jackson said.Reinsdorf, 84, called Jackson’s decision the finish of the dynasty run.“That was the end. It just came to an end on its own,” Reinsdorf said.
Following its first tournament victory of the season, the USC women’s golf team was unable to replicate its success this weekend, finishing tied for fifth place on Sunday at the PING/ASU Invitational in Tempe, Ariz.Rival UCLA won the tournament by a commanding 12 strokes, finishing with an overall score of 5-over 857. Host Arizona State finished second at 17-over 869, while Texas A&M finished third at 21-over 873. The Women of Troy, ranked third in the nation, tied with UC Davis at 29-over 881.“The finish is disappointing, especially considering the fact that we won the last tournament,” sophomore Sophia Popov said.The team started slowly Friday, coming in tied for seventh at 289 after the first round. Senior Inah Park, who has notched two Top-16 finishes in her last three tournaments, shot par 71 to lead the Women of Troy at 13th. Rising freshman Doris Chen, coming off three consecutive Top 10 finishes, tied for 22nd at 1-over 72 with the help of two birdies on the front nine. Sophomore Sophia Popov and senior Lisa McCloskey each recorded three birdies and shot 2-over 73 to tie for 37th. Sophomore Rachel Morris tied for 69th at 6-over 77.The final two rounds proved troublesome for the Women of Troy, who were unable to crack the top 3. After slipping to 3-over 74 on the second round, McCloskey surged to 2-under 69 Sunday, finishing 10th overall at 216. Chen maintained her consistency, shooting 2-over 73 on Saturday and 1-over 72 Sunday to tie for 11th at 217.Park, who led the team after one round, struggled to maintain her standing, shooting 5-over 76 and then 8-over 79 in the final round to finish tied for 46th at 226. Morris finished tied for 73rd at 232, notching 5-over 76 on Saturday before shooting 8-over 79 in the final round.Popov, who captured her fourth individual victory during the last tournament, struggled to a 10-over 81 on the second round before finishing strongly at 2-over 73 in the final round, bringing her to 51st. The finish was disappointing for Popov, who was looking to add to her momentum from the previous tournament.The season has been rather inconsistent for the Women of Troy, who have struggled to repeat their success from last season. After winning four tournaments and receiving numerous accolades, the team has only captured one tournament victory thus far, but is still ranked high nationally and is optimistic about the end of the season.“Last tournament, we played very solid golf and didn’t give shots away. Unfortunately, we couldn’t get it done as a team, but it was good to be in the hunt and now we know what we need to work on to try and win the next one,” Popov said.The Women of Troy will be off until April 16th, when they participate in the two-day Pacific Coast Intercollegiate at Half Moon Bay. Following that, the team will gear up for the 2012 Pac-12 Championships, which will take place April 27th-29th in Pullman, Washington.
Growing up in Madison, Alex Brill has witnessed first-hand the dynasty-like success Wisconsin men’s cross country has achieved throughout the last 13 years. He was in third grade when the current string of 13 Big Ten titles began for the University of Wisconsin, and now, as a junior, Brill has the opportunity to contribute to and be part of that success himself.Brill is no stranger to winning. At Madison’s LaFollette High School he helped win back-to-back state championships in cross-country as a sophomore and junior, and he then earned the title of 3200-meter state champion in track as a senior. Those team and individual successes are what paved Brill’s route to Wisconsin and he now has the opportunity to showcase the talent that helped land him a spot on the team.According to head coach Mick Byrne, that talent is due in large part to his size and strength.“He’s about 6-foot-20,” Byrne joked. “He’s huge. He’s a big, strong kid. A guy like that should be able to get out and run fast and hard in cross country.”Brill has not wasted any time in doing so this year, as he took home first place honors in Wisconsin’s first meet of the year, the Badger Opener. Following his stellar performance, Brill was named Big Ten Athlete of the Week on Sept. 11 and he was also featured in the most recent issue of Sports Illustrated’s “Faces in the Crowd.”Although he was excited about the individual accolades, Brill really hopes to add to the tradition of Wisconsin cross-country.“It’s one thing running for Wisconsin, but it is another one contributing to the success of Wisconsin cross-country,” Brill said. “It’s an accomplishment in itself just because our team is one of the best in the nation.”To be a major contributor to the team this fall, Brill will have to transfer the success he experienced on the track during the spring to the more rugged landscape of the cross-country course. The two sports, although both distance running, are vastly different from one another in both the physical and mental approaches. Still, any experience running competitively is highly-valued, regardless if it is in the same sport or not. So the individual strides Brill made as a runner during the spring, including setting a personal best in the steeplechase, could prove very important to his ability to succeed in cross-country.At least Byrne is hoping that is the case.“You would expect a good athlete would take that confidence … that momentum into the cross-country season, and fingers crossed that’s what he’s going to do,” Byrne said.Intra-squad competition should also play a vital role in Brill’s quest to be part of the scoring picture for UW. With Mohammed Ahmed, Maverick Darling and Reed Connor presumably taking up the first three scoring positions, the competition for the two remaining scoring spots is heating up with five or six runners vying for them. Brill is right in the thick of that battle and even though his personal goal is one of those two spots, he is more focused on the success of the team as a whole.“Right now I’m looking to be that fourth, fifth runner and really close that gap from that third guy,” Brill said. “If we have a good fourth, fifth guy we can win nationals again.”What this season will ultimately hinge on for Brill is his performance in the two upcoming meets before championship season begins. Brill has not raced in three weeks since his victory at the Badger Opener, and so the Sean Earl Lakefront Invitational Saturday in Chicago will go a long way in telling Byrne how much progression Brill has made in training. Brill’s training has been geared toward the middle of races, where mentality and mental toughness are crucial, and that will be Brill’s biggest test for Saturday and the rest of the season. According to Maverick Darling, all signs point to success if he can pass that test.“He’s very talented, even if he probably won’t admit to that,” Darling said. “He’s got really good speed. I think the thing we will see if he can do this year is get through that pain tolerance in the middle of races. If he can do that, he’s going to be one of those guys we’re looking at later on in Louisville [at the national championship] and at the Big Ten meet.”Both Byrne and Brill have their eye on the Wisconsin adidas Invitational Oct. 11 as the meet that will answer their questions about the rest of the season. For Brill, it is the chance to show he can be successful against top tier competition and help bring success for the team. As for Byrne, the Wisconsin adidas Invitational will tell him, “how much [Brill] is ready, and how much he wants to be in the big time.”
Thomas Barr has guaranteed his spot at the World championships in August.The Waterford runner finished 3rd in the 400 metres hurdles last night at the Diamond league meeting in Oslo in a seasons best time. Photo © Pixabay
Former New Edubiase hit man Emmanuel Baffour is urging his former side to keep fighting hard to revive their league campaign.New Edubiase is third from bottom on the league standings with a meagre four points after match day 5 of the ongoing Glo premier league.The team with the absence of key players like Emmanuel Baffour, Mumuni Abubakar and Moro Ibrahim is said to be one of the major causes of the club’s struggles in the ongoing premier league.But Emmanuel Baffour who is now with South African side Mamelodi Sundowns after his impressive goal scoring form in last season’s league where he emerged as the league’s top scorer wants the club to fight on and revive their poor campaign.“We have quality players and good coaches at Edubiase so I know the situation the team is facing now will change very soon,” Baffour told Joy Sports in Johannesburg. “Edubiase losing three consecutive matches is uncalled for and I strongly believe that the players will fight hard to bring back the winning spirit”.New Edubiase are the defending champions of the MTN FA Cup after winning last season’s competition.