Advertisements


World Bank head says trade tensions could worsen poverty

Managing Director of International Monetary Fund (IMF) Christine Lagarde talks during a press conference ahead of the annual meetings of the IMF and World Bank in Bali, Indonesia on Thursday, Oct......»»

Category: newsSource: philippinetimes philippinetimesOct 11th, 2018

IMF-WB calls to brace for risks

NUSA DUA, Indonesia — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a spate of financial market turmoil and by the […].....»»

Category: newsSource:  tribuneRelated NewsOct 13th, 2018

HOF preview: Moss went deep to ignite Vikes, transform NFL

By Dave Campbell, Associated Press MINNEAPOLIS (AP) — The ball was flying down the field often for Minnesota during that drizzly night in Green Bay, and Randy Moss kept going over and past the defense to get it. Five games into his NFL career, Moss was a star. He was a revolutionary, too. There was no moment that better defined his arrival as the league's premier deep threat than that breakout prime-time performance against the two-time reigning NFC champion and bitter rival Packers. "Seeing Randall Cunningham smile, seeing him energetic," Moss said, reflecting on his five-catch, 190-yard, two-touchdown connection with Cunningham that carried the Vikings to a 37-24 victory. "It was just a great feeling." When the Vikings landed in Minnesota, his half-brother, Eric Moss, who was briefly his teammate, wondered about celebrating the big win. "I said, 'Going out? No, I want to go home,'" Moss said. Then defensive tackle John Randle tapped him on the shoulder. "Man, we're going to party tonight!" Moss said, recalling Randle's pronouncement to the rookie. "That's when I finally understood what it really meant to the guys for us to go into Lambeau and win." Twenty years later, with Moss set to enter the Pro Football Hall of Fame this weekend after being elected in his first year of eligibility, the swift, sleek and sometimes-sassy wide receiver has finally understood the depth of his impact on the game and the privilege of opportunity to serve as a celebrant of the sport. "I came into the league with, I guess, my head not really screwed on my shoulders properly," Moss said recently on a conference call with reporters. Over time, the "homebody-type guy" from tiny Rand, West Virginia, who ranks second in NFL history in touchdown receptions (156) and fourth in receiving yards (15,292), learned how to soften some of the edges he's carried since he was a kid. "I've been able to open myself up and meet more people, be able to travel the world," said Moss, who's in his third season as an ESPN analyst. "Football here in America is a very powerful sport, and just being in that gold jacket, hopefully I can just be able to continue to reach people and continue to do great things." Moss will become the 14th inductee from the Vikings, joining former teammates Cris Carter, Chris Doleman, Randall McDaniel and Randle. He'll be the 27th wide receiver enshrined at the museum in Canton, Ohio. That's a three-hour drive from his hometown, but it's sure a long way from poverty-ridden Rand where Moss and his sports-loving friends played football as frequently as they could in the heart of coal country next to the Allegheny Mountains just south of the capital city, Charleston. "It was something that just felt good. I loved to compete. I just loved going out there just doing what kids do, just getting dirty," Moss said. He landed at Marshall University after some off-the-field trouble kept him out of Florida State and Notre Dame, and he took the Thundering Herd to what was then the NCAA Division I-AA national championship in 1996. Several NFL teams remained wary of his past, but Vikings head coach Dennis Green didn't flinch when Moss was still on the board in the 1998 draft with the 21st overall pick. Moss never forgot the teams that passed on him, with especially punishing performances against Dallas, Detroit and Green Bay. "I just carried a certain chip on my shoulder because the way I grew up playing was just basically having a tough mentality," Moss said. "Crying, hurting, in pain? So what? Get up, and let's go." The Vikings finished 15-1 in 1998, infamously missing the Super Bowl by a field goal. The next draft, the Packers took cornerbacks with their first three picks. Moss never escaped his reputation as a moody player whose behavior and effort were often questioned. That led to his first departure from Minnesota, via trade to Oakland in 2005. The Raiders dealt him to New England in 2007, when the Patriots became the first 16-0 team before losing in the Super Bowl, to the New York Giants. After a rocky 2010 for Moss, including being traded by the Patriots and released by the Vikings, he took a year off. He returned in 2012 to reach one more Super Bowl with the San Francisco 49ers. Moss was not a particularly physical player, but for his lanky frame he had plenty of strength. His combination of height and speed was exceptional, and his instincts for the game were too. Carter taught him how to watch the video board at the Metrodome to find the ball in the air, and he had a knack for keeping his hands close enough to his body that if the defensive back in coverage had his back to the quarterback he couldn't tell when the ball was about to arrive. In an NFL Films clip that captured a sideline conversation between him and Cunningham during one game, Moss yelled, "Throw it up above his head! They can't jump with me! Golly!" For Vikings wide receiver Adam Thielen, who has lived his entire life in Minnesota, was a sports-loving 8-year-old in 1998 when Moss helped lead the Vikings to what was then the NFL season scoring record with 556 points. The first team to break it was New England in 2007 with, again, Moss as the premier pass-catcher who set the all-time record that year with 23 touchdown catches. "It's fun to look back at his career and watch his old film. I love when that stuff pops up on Instagram, to be able to watch some of those old Randy plays that made me want to play this game," Thielen said. "I try to emulate him as much as I can.".....»»

Category: sportsSource:  abscbnRelated NewsJul 31st, 2018

Global trade wars risk millions of jobs – WTO chief

LONDON, United Kingdom – Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs, head of the World Trade Organization (WTO) Roberto Azevedo warned in a London speech on Wednesday, October 17. US President Donald Trump is locked in a trade war with China , rolling out billions of dollars in tariffs in a ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

‘Half the world lives on less than $5.50 a day’

Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3.4 billion people — still struggles to meet basic needs, the World Bank said. Living on less than $3.20 per day reflects poverty lines in lower-middle-income countries, while $5.50 a day reflects standards in upper-middle-income […].....»»

Category: newsSource:  tribuneRelated NewsOct 18th, 2018

Nearly half the world lives on less than $5.50 a day – World Bank

WASHINGTON DC, USA – Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday, October 17. In a twice-yearly report, the bank took a broader look at ........»»

Category: newsSource:  rapplerRelated NewsOct 17th, 2018

Dominguez: WB, IMF must tackle global trade concerns

THE Philippines has urged the World Bank (WB) and the International Monetary Fund (IMF) to lead discussions on trade concerns that could spur a global recession, the Finance department said...READ MORE The post Dominguez: WB, IMF must tackle global trade concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 16th, 2018

Emerging economies try to contain capital outflows

NUSA DUA, INDONESIA -- After suffering months of capital outflows, policy makers from emerging markets attending International Monetary Fund (IMF)-World Bank meetings in Indonesia had a message for leading economies: current monetary and trade policies risk undermining us all. The post Emerging economies try to contain capital outflows appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 16th, 2018

Prospect of Trump-Xi talks raises hope for thaw in trade war

BEIJING: With China and the United States opening the door to a meeting next month between Presidents Xi Jinping and Donald Trump, hopes are rising for a potential easing of tensions in the trade war between the world’s two largest economies. Worries about the increased tariffs the two sides have imposed on each other’s goods [...] The post Prospect of Trump-Xi talks raises hope for thaw in trade war appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 13th, 2018

Southeast Asian leaders affirm free trade goals

Southeast Asian leaders pose for family photo during ASEAN Leaders Gathering ont the sidelines of International Monetary Fund and World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia on Oct......»»

Category: newsSource:  philippinetimesRelated NewsOct 12th, 2018

As Markets Swoon, Finance Chiefs Urge US, China to Cool It

NUSA DUA, INDONESIA - The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share price.....»»

Category: newsSource:  manilanewsRelated NewsOct 12th, 2018

IMF chief to US, China: De-escalate trade dispute, fix trade rules

Managing Director of International Monetary Fund (IMF) Christine Lagarde talks during a press conference ahead of the annual meetings of the IMF and World Bank in Bali, Indonesia on Thursday, Oct......»»

Category: newsSource:  philippinetimesRelated NewsOct 11th, 2018

As Markets Swoon, Finance Chiefs Urge US, China to Cool It

NUSA DUA, INDONESIA - The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share price.....»»

Category: newsSource:  philippinetimesRelated NewsOct 11th, 2018

IMF cuts global growth forecast

WASHINGTON, D.C.: An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund (IMF) to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for [...] The post IMF cuts global growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 10th, 2018

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

WASHINGTON DC, USA – An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China , ........»»

Category: newsSource:  rapplerRelated NewsOct 9th, 2018

Persistent high inflation may slow down poverty reduction – World Bank

MANILA, Philippines – The World Bank warned that the Philippines' persistent high inflation can slow down progress on poverty reduction. In a briefing for the latest Philippines Economic Update (PEU) on Thursday, October 4, World Bank Senior Economist Rong Quan said that high inflation ........»»

Category: newsSource:  rapplerRelated NewsOct 4th, 2018

WTO paints gloomier trade picture

GENEVA: The World Trade Organization (WTO) on Thursday downgraded its global trade forecast for this year and next, pointing to escalating trade tensions around the world. “Escalating trade tensions and tighter credit market conditions in important markets will slow trade growth for the rest of this year and in 2019,” the WTO warned in a… link: WTO paints gloomier trade picture.....»»

Category: newsSource:  manilainformerRelated NewsSep 27th, 2018

Amid strong economy, US Fed hikes rate anew

WASHINGTON, D.C.: With the US economy still strong, the Federal Reserve raised the benchmark interest rate on Wednesday for the third time this year, but showed no indication it would be more aggressive in efforts to head off inflation. However, Fed Chairman Jerome Powell cautioned that trade tensions remained a risk to the outlook, including the potential for [...] The post Amid strong economy, US Fed hikes rate anew appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 27th, 2018

WTO paints gloomier trade picture

GENEVA: The World Trade Organization (WTO) on Thursday downgraded its global trade forecast for this year and next, pointing to escalating trade tensions around the world. “Escalating trade tensions and tighter credit market conditions in important markets will slow trade growth for the rest of this year and in 2019,” the WTO warned in a [...] The post WTO paints gloomier trade picture appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 27th, 2018

US would lose out in trade war vs the world - European Central Bank

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany, on Sept. 13, 2018. (Photo by DANIEL ROLAND / AFP) FRANKFURT AM MAIN, Germany -- Economic activ.....»»

Category: newsSource:  philippinetimesRelated NewsSep 27th, 2018

World Bank backs removal of productivity constraints

The World Bank is urging the removal of constraints affecting productivity — such as restrictions on foreign investments — to enable the country to attain its long-term agenda of being a poverty-free society by 2040......»»

Category: financeSource:  philstarRelated NewsSep 25th, 2018