WASHINGTON - It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a US recession. This week investors signaled that moment may have arrived, and one big question is whether that shock has come from President Donald Trump's trade war or a mistake by policymakers at the US Federal Reserve. As bond markets flashed concern about recession on Wednesday and major stock indices cratered, Trump put the blame squarely on the Fed for continuing to raise rates through the end of last year. Even Trump foe and New York Times economics columnist Paul Krugman dinged the Fed for "a clear mistake." In raising interest rates four times last year "the Federal Reserve acted far too quickly, and now is very, very late," in reversing itself and cutting borrowing costs only modestly so far, Trump tweeted. "Too bad, so much to gain on the upside!" Earlier on Wednesday, White House trade adviser Peter Navarro told Fox Business Network the US … [Read more...] about Markets register a shock, but is Trump right to blame the Fed?
Excite again when modern reader is after right note
Jazz Janewattananond continued his ascent in the world of golf with yet another winning performance at the Korea Open Golf Championship on Sunday. The 23-year-old Thai displayed the maturity and composure of a seasoned professional to win his fourth and second Asian Tour title of the year to regain his position atop the Asian Tour's money list and also elevated his status to a career-high of 52nd place on the world rankings. Jazz's victory at the Korea Open saw him become the first foreigner to break the Korean dominance since American Rickie Fowler won the event in 2011. At 14 years and 71 days, Jazz already began to show the world glimpse of his raw talent when he became the youngest-ever player to make the halfway cut at the 2010 Asian Tour International in Bangkok. He may have faced several roadblocks in his career including finishing outside the top-60 on the Order of Merit in 2016 and missing the grade at the 2017 Asian Tour qualifying school. But the young Thai has shown great … [Read more...] about Jazz continues to hit all the right notes
STOCKHOLM: A positional switch from midfield and a new focus on scoring goals is music to the ears of Sweden's Olivia Schough as they prepare to face Thailand, Chile and the United States at next month's World Cup in France.The 28-year-old, who loves to sing in her spare time and who won a silver medal at the 2016 Olympics, has endured a rocky period since Peter Gerhardsson took over as coach following Euro 2017, but feels she is hitting the right notes again."The national team can now see that I can be a striker too, and I haven't been a striker in the national team for many years. I see it as an advantage that I can play there too," she told Reuters in an interview at the training ground of her club Djurgardens IF in Stockholm.The retirement of striker Lotta Schelin, who netted 88 goals in 185 games for Sweden, has opened up a spot in the squad for a senior player like Schough with a nose for goal and an ability to create chances for others.Schough said the timing of her close season … [Read more...] about Song-loving Schough hopes to hit the right note for Sweden
By Vivian Salama WSJ Tues., May 14, 2019 WASHINGTON—President Trump signaled he was in no rush to reach a deal with China and pledged that the federal government would come to the financial aid of American farmers hurt by Beijing’s retaliatory tariffs as the trade fight between the two nations continues. “When the time is right we will make a deal with China,” Mr. Trump said on Twitter Tuesday. “My respect and friendship with President Xi [Jinping] is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense.” On Friday, the U.S. imposed duties on $200 billion of Chinese imports as the latest round of talks hit an impasse. In response, China announced on Monday it would raise tariffs on roughly $60 billion worth of U.S. imports on June 1. The U.S. is also working on a new round of tariffs that would apply to about $300 billion of Chinese imports, though … [Read more...] about Trump sees China trade deal ‘when the time is right’
The Thai No 2 tees off as one of the genuine contenders for the Volvo China Open which starts on Thursday. Jazz is currently in second place on the Asian Tour Habitat for Humanity Standings and has been on a red-hot streak since the end of 2018, notching seven top-five finishes in his last 11 events, dating back to last December. The world No 72 got his season off to a flying start by winning his third Asian Tour title in Singapore and has already secured starts in the US PGA Championship in May and The Open Championship in July. “I’m feeling really good coming into this week,” he said. “I’m having fun and enjoying myself. The Volvo China Open is a big event and a very good opportunity to regain my No 1 spot on the Asian Tour Order of Merit. “The biggest reason why I’m playing so well is because of my new coach, Peter Cowen. “I’ve been working with him since the middle of last year and things sort of … [Read more...] about Jazz hits all the right notes, driven for success