Euro recovery hopes receive another blow

first_img whatsapp Share Tags: NULL HOPES that the Eurozone might stage an end-of-year recovery have been dashed by a flurry of poor data released yesterday. The composite purchasing managers’ index – a survey of private sector firms across services and manufacturing – compiled by Markit fell to 51.4 in November from October’s 52.1. Any figure above 50 signifies growth, but this sluggish growth is becoming slower. “This supports the case for policy stimulus, not only from the ECB [European Central Bank], but also from the German government,” said economist Jennifer McKeown from Capital Economics.Official estimates released last week showed the currency union grew by 0.2 per cent in the three months to September. The news was worse for Germany whose composite PMI fell to 52.1 in November from October’s 53.9.Germany narrowly avoided recession with 0.1 per cent growth in the three months to September but these were preliminary estimates and could be revised either up or down. France’s composite PMI rose to 48.4 – a figure that signifies contraction. However, France is not in recession. Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img Thursday 20 November 2014 8:54 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ Euro recovery hopes receive another blow whatsapplast_img read more

Governor DeSantis says he’ll order flags flown at half-staff in honor of Rush Limbaugh

first_imgLCSO among law enforcement agencies deploying officers to Texas, Arizona June 16, 2021 DeSantis briefed on blue-green algae treatment used on Caloosahatchee June 7, 2021 Florida bans ‘critical race theory’ from public school classrooms June 13, 2021 AdvertisementDeSantis said Limbaugh, a Palm Beach resident who died Wednesday at 70, “was an absolute legend, he was a friend of mine and just a great person.”Rep. Debbie Wasserman Schultz (D-Florida) called the governor’s decision “an embarrassment to Florida.”“Rush Limbaugh weaponized his platform to spread racism, xenophobia and homophobia across the nation,” she said in a tweet. “His constant hateful rhetoric caused untold damage to our political landscape.” Advertisement Registration opens for 2021 Florida Python Challenge June 4, 2021 AdvertisementTags: flagsGovernor Ron DeSantisRush Limbaugh Florida Senate Democratic leader Gary Farmer issued a statement Friday calling DeSantis’ flag order “a partisan political tool to salute a man who served no other interests than his own and did his best to deeply divide a country along political fault lines.“I condemn the governor’s decision in no uncertain terms. Any move to lower our flag in deference to a man who helped drive the hatred and inflame the prejudices against marginalized groups, people of color, women, and anyone who did not look like him or think like him is wrong, and should be rescinded,” Farmer said.Announcement made at mostly maskless eventDeSantis’ announcement on honoring Limbaugh wasn’t the only reason his news conference sparked controversy, CNN reports.Palm Beach County officials are now investigating the Hilton Palm Beach Airport Hotel after receiving reports that many of the more than 100 people who attended the indoor event there were not wearing masks, Palm Beach County Deputy Director of Public Affairs John Jamason told CNN in a statement.A mask mandate aimed at slowing the spread of Covid-19 is in effect in the county until March 19. Facial coverings must be worn by anyone obtaining any goods or services, or otherwise visiting or working in any business or establishment in the county.“We have spoken to Hilton management and will be following up with them and event organizers in accordance with our normal compliance procedures,” Jamason said.A Hilton Palm Beach Airport spokesperson said in an email to CNN that, in part, “We have been made aware of video that appears to show a group of individuals within close proximity of one another and not wearing masks. We are disappointed in their apparent failure to comply with our mask regulations which are prominently displayed throughout the hotel. Moving forward, we will continue to do our best to monitor and enforce these guidelines as long as they remain in place.”The Palm Beach Code Enforcement and Compliance Team is investigating the incident and will determine if the hotel faces fines or penalties, Jamason said.The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Florida’s governor announced he’ll order flags in the state flown at half-staff to honor the late conservative radio host Rush Limbaugh, whom he called “an absolute legend” and “a great person.”“Once the date of interment for Rush is announced, we’re going to be lowering the flags to half-staff,” Gov. Ron DeSantis said Friday at a news conference in West Palm Beach.The governor said the honor is “what we do when there’s things of this magnitude.”The move doesn’t seem to fit the state’s flag protocol, which calls for flags to be flown at half-staff “in the event of the death of a present or former official of the Florida State government or the death of a member of the Armed Forces from Florida who dies while serving on active duty.” AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

TSX little changed as fiscal cliff worries overshadow strong Chinese data

Malcolm Morrison The Toronto stock market closed little changed Friday as mining stocks benefited from the release of encouranging Chinese economic data. Elsewhere, the market stalled amid concerns about whether the U.S. can avoid a fiscal crisis at the end of the month. The S&P/TSX composite index was 7.55 points higher at 12,296.72, while the TSX Venture Exchange climbed 9.61 points to 1,183.62. S&P/TSX composite hits highest close since March on strength of financials sector TSX gets lift from financials, U.S. markets rise to highest since March Toronto stock market dips on weakness in the energy and financials sectors Facebook LinkedIn Twitter HSBC Corp. released its preliminary China Purchasing Managers’ Index for December, which showed greater expansion in the manufacturing sector of the world’s second-biggest economy. The index rose to 50.9 from November’s 50.5. But the Canadian dollar was down 0.17 of a cent to 101.37 cents US. The agency said the slide reflected drops in the aerospace product and parts, motor vehicle assembly and primary metal industries. These declines were partly offset by higher sales in petroleum and coal products as well as the wood product industries. U.S. indexes finished in the red as the positive Chinese data was overshadowed by budget talks in Washington between President Barack Obama and key Republican lawmakers. A deal must be reached to avoid going over the so-called “fiscal cliff,” which would involve the automatic imposition of hundreds of billions of dollars in spending cuts and tax increases that could plunge the world’s largest economy back into recession and depress economies around the world. The Dow Jones industrials lost 35.71 points to 13,135.01, the Nasdaq fell 20.83 points to 2,971.33, paced by a drop of almost four per cent in Apple Inc. (NASDAQ:AAPL) shares despite what some could interpret as a positive for the company — the return of Google Maps to the iPhone. The S&P 500 index was off 5.87 points at 1,413.58. Other data out Friday morning showed that U.S. factories rebounded in November from superstorm Sandy. The Federal Reserve says factory output increased 1.1% in November from October, offsetting a one per cent decline the previous month that was blamed on the storm. Total industrial output at factories, mines and utilities also rose 1.1% last month. “The economic releases are all good, they basically confirmed what everybody was already thinking,” said John Johnston, chief strategist at Davis Rea Ltd. “Maybe there’s a bit of profit taking here but certainly there’s a better tone in the economic data. I raise the question of whether it’s sustainable or whether it’s more of a seasonal anomaly. But for the time being, the economic data are firming.” The base metals sector led advancers, up about 2.35% as commodity prices advanced in the wake of the Chinese manufacturing report. China has a huge appetite for commodities, which has sent prices higher for oil and metals in the past, along with energy and mining stocks on the TSX. March copper was up two cents at US$3.68 a pound and Inmet Mining (TSX:IMN) ran up $3.13 to C$69.83 while Teck Resources (TSX:TCK.B) was up 71 cents to $35.28. The tech sector also provided lift with Research In Motion Ltd. (TSX:RIM) up 25 cents or 1.83% to $13.88 on increasing optimism that the new BlackBerry 10 smartphones can turn the company around. The line is being launched at the end of January. RIM stock is up 16.8% this past week alone and has more than doubled from its 52-week low of $6.10. The gold sector was ahead about 0.7% while February bullion inched up 20 cents to US$1,697 an ounce. Iamgold Corp. (TSX:IMG) gained 30 cents to C$11.60. A Canadian-based mining company operating in Kyrgyzstan says a $152-million claim from the Central Asian country for alleged environmental damages caused by a gold field it is developing is exaggerated and without foundation. Centerra Gold (TSX:CG) says that independent experts have determined its Kumtor mine project has no materially significant environmental issues. Centerra shares gained 80 cents to $8.89. The energy sector was down 0.52% as the January crude contract on the New York Mercantile Exchange rose 92 cents to US$86.81 a barrel. Cenovus Energy (TSX:CVE) was down 50 cents to C$32.25. Natural gas giant Encana Corp. (TSX:ECA) and PetroChina subsidiary Phoenix Duvernay Gas have reached a deal to work together in the Duvernay region, a promising shale natural gas formation in west-central Alberta. Phoenix will end up owning just shy of half of the 180,000 hectares Encana has in the Duvernay. That means the $2.2-billion deal won’t be subject to the same federal review as the just approved $15.1-billion takeover of Nexen Inc. by China’s state owned energy company CNOOC. EnCana shares were down 89 cents to $19.96. Telecoms were also weak with Telus Corp. (TSX:T) declining 63 cents to $65.30. The TSX financial sector was slightly lower while Standard & Poor’s downgraded the ratings of six of Canada’s financial institutions, citing a softening economy, low interest rates and a slowing Canadian economy. S&P says the risk for the Canadian banking sector is increasing and that it expects intensifying competition for loans and deposits will pressure profit growth. The firm lowered its ratings for Scotiabank (TSX:BNS), National Bank, Laurentian Bank of Canada (TSX:LB), Central 1 Credit Union, Caisse centrale Desjardins and Home Capital Group (TSX:HCG) each by one notch. The outlooks for all six financial institutions are stable. Asset management company Dundee Corp. (TSX:DC.A) is proposing a corporate restructuring. It will create a new parallel public company following the distribution to its shareholders of half of its ownership interest in real estate subsidiary Dundee Realty Corp. The Toronto-based company will retain a 20% in Dundee Realty, while subsidiary president and CEO Michael Cooper will hold the remaining 30% stake. Dundee shares jumped $3.66 or 13.65% to $30.47. The TSX ended last week up 136.95 points or 1.12% despite concerns about whether U.S. politicians can head off the fiscal crisis. Mining stocks were the biggest gainer amid further signs of an expanding Chinese manufacturing sector. The Dow industrials were flat for the week. Related news Share this article and your comments with peers on social media Keywords Marketwatch read more

Creeping closer to compliance

first_img James Langton Incentive conflicts, regulatory burdens on AMF agenda Related news Keywords Compliance,  Coronavirus,  Pandemics,  Suitability,  Conflicts of interest,  RegistrationCompanies Ontario Securities Commission The decline continued a trend that started the previous year. The CRR branch took 135 actions in 2018.The number of instances in which registration was denied continued to decline. There were 34 denials in 2020, down from 45 in 2019 and 63 in 2018.The CRR report pointed to added regulatory guidance on registration disclosure as a key reason for the decline in registration refusals over the past couple of years.The report also noted that early-stage interventions with firms “has led to firms reviewing and, in 17 cases this year, withdrawing a number of applications that might otherwise have resulted in denial of registration.”The report also said that the CRR made six referrals to enforcement — the most serious compliance action — in 2020, down from 10 in 2019, but up from 2018, when there were four referrals.The most common deficiencies identified in the report stemmed from weaknesses in firms’ compliance systems, which accounted for 40% of the total issues uncovered by CRR, including 9% that amounted to “serious” shortcomings.The other top areas where serious issues were found continued to be know-your-client (KYC) and know-your-product requirements, suitability (8%) and conflicts of interest (7%).Regulators found that compliance with KYC and suitability obligations had generally improved compared with previous years, but there were continued deficiencies in areas such as the collection and documentation of up-to-date KYC information, failing to properly evaluate concentration risk and inappropriate use of client-directed trade instructions.“Registrants are encouraged to use the summary report as a self-assessment tool to strengthen systems of compliance, internal controls and supervision,” said Debra Foubert, director of the CRR branch.For the 2021 fiscal year, the CRR branch’s priorities will include assessing the fallout from Covid-19 on industry firms.For the time being, those reviews are taking place remotely, as both industry and regulatory staff are largely still working from home due to the pandemic.In addition to studying the effects of Covid-19, CRR also signalled that its reviews will focus on firms’ complaint-handling processes, marketing practices (including ESG offerings) and suitability (including concentration risk), among other things.The report also details the work of the OSC’s LaunchPad unit with innovative businesses, provides a status update on measures to reduce firms’ regulatory burdens and reviews ongoing policy work that impacts firms, such as the implementation of the client-focused reforms. BFI investors plead for firm’s sale tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports. 123RF OSC steps up crypto enforcement Share this article and your comments with peers on social media Regulatory compliance actions by the Ontario Securities Commission (OSC) against investment dealers, fund managers and other registered firms continued to decline in fiscal 2020.According to the latest annual report from the OSC’s Compliance and Registrant Regulation (CRR) branch, the regulator took 93 compliance actions — such as issuing warnings, imposing registration conditions and levying suspensions — in fiscal 2020 (the 12-month period ended March 31), down from 105 actions in fiscal 2019. Facebook LinkedIn Twitterlast_img read more

CU-Boulder Offers Teachers, Students Hands On Forensics Experience

first_img Published: Jan. 31, 2001 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Teachers and students from elementary and middle schools along the Front Range will descend on the University of Colorado at Boulder Feb. 6 to become forensic scientists for a day. The 105 students and 21 teachers from 12 different schools will participate in a series of hands-on workshops at the Coors Events/Conference Center designed by CU’s Science Explorers. “The purpose is to give teachers and students in fifth through eighth grades a day of hands-on science, and to hopefully make science fun for them,” said Lannie Hagan, Science Explorers coordinator. Twenty-one teams, each comprised of one teacher and five students, will investigate the “Who Stole the Bones?” mystery throughout three different workshops, according to Hagan. The workshops include an anthropology investigation, a fingerprinting experiment and a lesson in DNA testing, Hagan said. At the end of the day, students and teachers will receive kits to take back to their classrooms and reconstruct the day’s experiments for other students. “The goal is that at the end of the day students and teachers will be able to go back and teach the other kids what they learned,” Hagan said. The Science Explorers program conducts 22 theme-oriented workshops a year. The group holds some workshops at CU and travels to more than 15 schools throughout the state. For more information on Science Explorers contact Hagan at (303) 492-0771 or visit the Web at www.colorado.edu/ScienceDiscovery/sciex.html.last_img read more

Auction of Washington Wines Achieves No. 3 Spot in U.S. Charity…

first_imgFacebook TAGSAuction of Washington WinesWine Spectator Email Share Linkedin Home Industry News Releases Auction of Washington Wines Achieves No. 3 Spot in U.S. Charity Wine…Industry News ReleasesWine BusinessAuction of Washington Wines Achieves No. 3 Spot in U.S. Charity Wine Auction RankingsBy Press Release – March 20, 2019 117 0 Twitter Previous articleEquine and Wines to Break Ground on March 22Next articleWine Access Launches Public Relations Campaign for U.S. Market Press Release ReddIt AdvertisementWine Spectator Announces 2018 Wine Auction Rankings with Auction of Washington Wines Among Top 3SEATTLE (March 20, 2019) —The Auction of Washington Wines (AWW) has bolstered its ranking among the nation’s largest charity wine auctions, landing third in Wine Spectator Magazine’s list of highest-grossing live charity wine auctions in 2018. AWW enjoyed a record-breaking year in 2018, raising over $2.7 million through live bids and over $4.3 million overall via its weekend of charitable wine events. The auction has raised over $46 million since its founding in 1988.Funds raised go to Seattle Children’s Hospital and Washington State University’s Wine Science Research. AWW also gives to local organizations supporting the Washington wine community through its Industry Grant Program, launched last year.Each year, Wine Spectator ranks the top charity wine auctions across the U.S. based on dollars raised in live auction bids, with AWW in the top three with Auction Napa Valley and Naples Winter Wine Festival this year.“We are honored to be recognized as a part of a collective of auctions making a true impact on the future of the wine industry nationwide,” said Beth McCaw, Board President, Auction of Washington Wines. “To earn the number three spot this year is extremely exciting and validates the hard work and generosity of many individuals. Our Board and staff are humbled by the dedication we witness from the Washington wine community coming together year after year. We are excited to see what 2019 will bring!”This year, AWW events will take place August 15-17, 2019. For more information, please visit http://www.AuctionofWaWines.org.About the Auction of Washington Wines Since its inception in 1988, AWW has raised more than $46& million, benefitting Seattle Children’s Hospital and Washington State University Wine Science Research. Events hosted by AWW give wine lovers the chance to support the Washington wine industry and families in our communities around the region. The 2019 Auction of Washington Wines Events will take place August 15-17, 2019. Major sponsors include Wells Fargo, CenturyLink, Chateau Ste. Michelle, The John L. Scott Foundation, King 5, The Seattle Times and Wine Spectator Magazine. AWW was ranked among 2018’s top three highest-earning charity wine auctions in the nation by Wine Spectator Magazine. For more information, go to www.AuctionofWaWines.org or follow us on Facebook, Instagram and Twitter. Advertisement Pinterestlast_img read more

Modern Law to Manage Buildings Coming

first_imgRelatedPrime Minister Golding Announces Cabinet Changes RelatedModern Law to Manage Buildings Coming FacebookTwitterWhatsAppEmail Minister of Local Government and Community Development, Hon. Noel Arscott, says his Ministry is moving aggressively to provide a modern legal framework that will effectively regulate and manage buildings and building related activities, to ensure safety in the built environment. “We are moving aggressively to ensure the promulgation of the National Disaster Risk Management Bill that will provide a modern legal framework for the effective regulation and control of activities to ensure public safety and welfare, minimise damage due to natural or man-made hazards and promote sustainable development,” the Minister told the House, during his contribution to the 2012/13 Sectoral Debate, on June 26. The Bill includes the establishment of ‘No-Build Zones’, “so as to finally ensure that building on the banks of gullies, waterways and rivers becomes a thing of the past,” Minister Arscott said. He explained that the development of a modern legislative framework is “particularly urgent and relevant in view of the critical need to reduce the vulnerability of the built environment to the ravages of natural and man-made disasters.” Mr. Arscott said he has reviewed the Bill and has settled some policy issues and a new submission will be made shortly to the Legislation Committee. In the meantime, he informed that the Office of Disaster Preparedness and Emergency Management (ODPEM), has embarked on a Landslides Mitigation Project, which will reduce the risks and impact of disasters on communities, including buildings on gully banks. The aim of the project is to build a disaster resilient nation through comprehensive disaster management training, public education and awareness, he said. Advertisements RelatedModern Law to Manage Buildings Coming Modern Law to Manage Buildings Coming ParliamentJune 27, 2012 By Andrea Brahamlast_img read more

Retailers Chided for Failure to Pass on Oil Savings

first_imgPhoto: JIS PhotographerMinister of Industry, Investment and Commerce, Hon. Anthony Hylton (centre), shares a light moment with Chief Executive Officer of the Private Sector Organization of Jamaica, Dennis Chung (right), and President of the Small Business Association of Jamaica (SBAJ) and Chief Executive Officer of Johnsons and Sons Organic Fertilizer Co. Ltd., Hugh Johnson. Occasion was the SBAJ’s annual Christmas luncheon on Wednesday (December 17), at the Knutsford Court hotel in New Kingston. Retailers Chided for Failure to Pass on Oil Savings CommerceDecember 17, 2014Written by: Athaliah Baker “I’m expecting that the Fair Trading Commission, along with the Consumer Affairs Commission, will be giving immediate and special focus on examining why the price reductions have been as limited as they have been and why retailers and the marketing companies continue this practice,” he stated. RelatedChristmas Shoppers Urged To Manage Spending Industry, Investment and Commerce Minister, Hon. Anthony Hylton, has echoed concerns that some retailers are failing to pass off oil price savings to customers and has pledged to address the issue.Mr. Hylton argued that for the last few months the price of oil has been falling on the global market, from as high as US$110 per barrel to about US$55. Yet, this reduction is not reflected in the prices of local goods.“I want to really decry what has been a long standing practice here in Jamaica among certain marketers and producers….when oil prices rise and things go up, we’re told that this is the law of economics, but when the price falls, we have only a creeping return and that’s called business,” he stated.Mr. Hylton, who was delivering the keynote address at the Small Business Association of Jamaica’s annual Christmas luncheon on Wednesday (December 17), at the Knutsford Court hotel in New Kingston, deemed the practice as “unfair”.“In this new period, we cannot continue to abide by these practices. It cannot be fair that for the last four months, the price of oil has been falling internationally… and yet our retailers have been very slow in reducing the price to consumers,” he stressed.Mr. Hylton said the consistent decline over the period is “sufficient time for retailers to receive the signal that what is emerging in the global economy is a new normal”.The Industry Minister, who has portfolio responsibility for the Consumer Affairs Commission and the Fair Trading Commission, said he has met with representatives from both agencies to discuss the matter. Advertisements RelatedCAC Warns Consumers to Avoid Scammers FacebookTwitterWhatsAppEmail Story HighlightsIndustry, Investment and Commerce Minister, Hon. Anthony Hylton, has echoed concerns that some retailers are failing to pass off oil price savings to customers and has pledged to address the issue.Mr. Hylton argued that for the last few months the price of oil has been falling on the global market, from as high as US$110 per barrel to about US$55. Yet, this reduction is not reflected in the prices of local goods.Mr. Hylton said the consistent decline over the period is “sufficient time for retailers to receive the signal that what is emerging in the global economy is a new normal”. Retailers Chided for Failure to Pass on Oil SavingsJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedJamaicans Urged to Make Use of Consumer Protection Tribunallast_img read more

Players need to buy in for U.S. to have Ryder Cup success

first_imgGLENEAGLES, Scotland – This ain’t your grandfather’s Ryder Cup anymore. Unless your grandfather is 65-year-old Tom Watson, that’s not a knock on the recently outclassed United States captain. It’s a realization that the times have changed – and the U.S. team has failed to change along with them. Gone are the days when a captain only needed to ensure there were enough sweaters for three days and enough bubbly for the celebration. If we’ve learned anything in the 15 years with just two American victories, it’s that superior talent can win and superior talent can lose. The deciding variable isn’t which team has the better players or more experience or proper motivation. No, there’s only been one constant throughout this generation’s Ryder Cup champions: The team which is most prepared to win always does. Every single time. This was the crux of Phil Mickelson’s controversial comments immediately after Sunday’s final session had resulted in another drubbing at the hands of Europe, this one by a 16 1/2 to 11 1/2 score. He didn’t imply that Paul Azinger was a successful captain because the team won; he insisted that the team won because Azinger was a successful captain. Those who paid close attention to the two most recent captains understood the wide dichotomy between their approaches. Watson is an eight-time major champion who presumed that his intuition would guide the team to victory. His main tactic for getting his team members to play better was to tell them to play better. And if that didn’t work, well, the captain would throw his hands in the air and maintain the team was outplayed, not outcoached. Ryder Cup: Articles, videos and photos Compare that with Paul McGinley, who treated his role with the deft precision of a Fortune 500 CEO. He planned, he prepared, he delegated. McGinley’s vision for the week went far beyond putting a team together and hoping they played well. Instead, he built a successful business model and developed it. He measured each step of the process as if he was working directly off a flow chart. There are plenty of stories which speak to McGinley’s attention to detail, but none highlight his preparation as well as this: During the 2012 Ryder Cup, noting Graeme McDowell’s innate leadership, he decided that if he ever became captain, McDowell would lead off his team’s singles session. This past week, he relayed that story to his player on Wednesday. As if scripted perfectly, McDowell trailed early to Jordan Spieth, but displayed that leadership in a late rally that not only earned the team a full point, it galvanized his other teammates on the course. In searching for its next Ryder Cup captain, the PGA of America must find a person who will not only erase the arrogant stigma emboldened by Watson that he could simply show up with a dozen great players and win. The organization needs to find someone who will strip the blueprint from Europe’s playbook and put his own stamp on it. That’s exactly what Azinger did a half-dozen years ago. His players weren’t on the team for one week; they were on the team for two years. He didn’t rule with an iron fist; he got players personally invested in the team and let them make their own decisions for its well-being. When the Americans’ most recent Ryder Cup disappointment ended without any of this taking place, Mickelson – and, trust this, many of his quieter teammates – remained flummoxed as to why a proven winning strategy could be so casually dismissed. When asked whether he had been trusted with personal investment into the team prior to last week, the 10-time team member answered, “Uh, no.” That needs to change. If the PGA of America and the next captain and the potential players want to return to the days of celebrating with bubbly on Sunday night, if they want to treat this event as more than a glorified exhibition, they need to change with the times. While the press room might not have seemed like the right time to air that dirty laundry, Mickelson understands how to be a catalyst for these changes. This couldn’t be done under cover of secrecy within the PGA’s sheltered walls. By speaking publicly, the team’s most veteran player invariably placed the ball back onto the tee for its governing body. Now it’s their turn to swing away. The last few shots have been fired with varying degrees of failure, but as any golfer understands, the next one can always be better. Simply realizing that notion is the first step in the right direction.last_img read more

Rory has a dash of Arnie’s cool and wants another cardigan

first_imgORLANDO, Fla. – Arnold Palmer was cool. He was a champion, an icon and the kind of man who tried to leave every room better than it was when he entered. But above all else, The King was cool. From the cardigan sweaters he wore better than anyone else to play that was best described as heroically reckless, Palmer made a stuffy game stylish. If imitation is the sincerest form of flattery, then count Rory McIlroy’s ode to The King this week at the Arnold Palmer Invitational as a testament to that ageless style. On Day 1 at Bay Hill, McIlroy arrived wearing a pair of yellow pants and a dark blue golf shirt, a classy nod to Palmer, who was once photographed by Golf Digest wearing the same ensemble. “The King wore it best,” McIlroy conceded. The King also would have approved. Bay Hill wasn’t always on McIlroy’s dance card. He skipped the event the first five years of his career on the PGA Tour. But when he finally made the trip to Arnie’s Place in 2015, he was treated to a signature Palmer moment, when the host invited him to dinner. And what does McIlroy recall from that meal? “I knew that he liked A-1 sauce on his fish, which was quite strange,” McIlroy recalled. “I remember him asking the server, ‘Can I get some A-1 sauce?’ And the server said, ‘For your fish, Mr. Palmer?’ He said, ‘No, for me.’” McIlroy has always played well at Bay Hill, which makes sense given the long layout’s demand on ball striking. His victory last year was the logical progression following top-30 finishes in his first three trips to the City Beautiful. McIlroy doesn’t play Arnie’s swashbuckling brand of golf, opting instead for the kind of precision and power that can be unrivaled on a given day, but there are plenty of similarities between the two. Both came from working-class roots, with a keen sense of how people should be treated and a moral compass that always points to parents who instilled an unquestionable line between right and wrong. While there will only be one King, McIlroy also enjoys a degree of whatever magic made Palmer such a beloved figure. Your browser does not support iframes. Full-field scores from the Arnold Palmer Inviational Arnold Palmer Invitational: Articles, photos and videos Like Palmer, McIlroy also seems to have an acute awareness of the moment. Entering the first round at Bay Hill among the week’s favorites following top-5 finishes in each of first four starts in 2019, McIlroy rolled with the yellow and blue. Big moment, big statement. On Sunday, McIlroy will have another chance to fill the space thanks to a third-round 66. Going back to the Sentry Tournament of Champions in January, McIlroy has had his chances to add to his portfolio, most notably at the Genesis Open and WGC-Mexico Championship, but each time he came up short. “I’ve come off the back of four top-5s to start the year. I feel pretty comfortable with everything out there, and just the more times I put myself in this position, the more I’m going to become comfortable there, and sooner or later it’s going to happen,” he said. He’ll begin the final period trailing Matthew Fitzpatrick by a stroke, and McIlroy’s Sunday statistics haven’t exactly been flawless. Since the beginning of 2018, McIlroy set out on a championship Sunday in the final group eight times; he didn’t win any of those events. It’s a baffling for a player of McIlroy’s stature, who at times can seem much more imposing than his 5-foot-10 frame. Despite his recent record, you have to like his chances against Fitzpatrick, who was bogey-free on Saturday but has never won in the United States. A staple on the European Tour with five victories, the Englishman knows what to expect on Sunday with McIlroy. The two were paired for the final round last year at the Abu Dhabi Golf HSBC Championship, and Fitzpatrick has set up shop in South Florida near McIlroy. “There’s no point in trying to hit it past him or trying to do anything like Rory. We both got strengths and both got weaknesses and that’s why we practice to try and get better,” Fitzpatrick said. “I think the big thing for me is just sticking to my own game tomorrow.” McIlroy lamented last year following his victory at Bay Hill that the only thing that could have made the moment better was if Palmer – who died in September 2016 on the same day McIlroy won that season’s Tour Championship – was there to present him with the champion’s cardigan. In the media center after his victory, McIlroy raised this vodka toast with The King’s favorite, Ketel One: Like most players of this generation, McIlroy marvels at Palmer’s career, but it’s the way he lived his life that truly makes him a compelling figure. “I guess my thing with Arnold was, he always, no matter who he talked to, whether it was me or a guy in the cart barn or a person in the media, he always looked you in the eye and he always made you feel as if you were the only person in the world at that time,” McIlroy said. “I think that’s something that was really cool.” Yep, Arnold Palmer was really cool. And winning his event for the second consecutive year would also be really cool.last_img read more