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Household debt front and centre for RBA and regulators in coming year

first_imgHousehold debt levels will continue to be a strong focus of regulators in the coming year, according to RBA.RBA Governor Philip Lowe expects to see better growth out the Australian economy in the coming financial year, but household debt levels will be a strong focus.Summing up the year in the RBA’s 2017 annual report out this week, Mr Lowe said “over the year, the Board has paid close attention to developments in household balance sheets and housing markets.”More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour ago“The coming year is likely to see better growth in the Australian economy,” he said. RBA Governor Philip Lowe expects to see better growth in the coming year. Picture: Patrick Hamilton/Economic Society of Australia“The Reserve Bank Board adjusted the cash rate target once in the year in review, lowering it to 1.5 per cent in August 2016. This followed inflation outcomes earlier that year that were noticeably lower than expected. Since then the Board has held the cash rate steady, with the stimulatory setting of monetary policy helping the economy adjust to the winding down of the mining investment boom.”He said RBA wanted “an average rate of inflation over time of between 2 and 3 per cent in a way that promotes the public interest and does not add to medium-term financial stability risks”.He said the way that RBA worked with other financial regulators through the year was “a valuable aspect of Australia’s regulatory arrangements and one that does not exist in all countries”.last_img read more

Birth app a hope for Ethiopian women

first_imgIn Ethiopia, where almost nine in 10 women give birth at home with little or no support, a mobile phone app is coming to the rescue.The “Safe Delivery App”, created by the Danish development organisation the Maternity Foundation, provides simplified instructions and animated films to deal with emergencies, be it haemorrhaging, birth complications, resuscitating newborns or infections.“Midwives may have skills and knowledge,” said Mesfin Wondafrash, the Maternity Foundation’s Programme Manager in the Horn of Africa state.“But they may not apply the right procedures when complications arise — even simple complications.”At the touch of a button, the app can give crucial guidelines to birth attendants, who are often traditionally educated and may lack training in up-to-date procedures that could save lives.The programme is proving vital in rural areas, where the only help many mothers get is from family members or a local woman. Described as an emergency training tool, the app is available in English and local languages.It can be pre-installed on a phone so it works even without a network connection.Officially, 85 per cent of Ethiopian babies are born at home. The hospital is often seen as an option only when major complications arise.“Women wait at home and if a complication occurs, it may be too late to access care,” Mesfin said.Testing started last year in the small town of Gimbie, 450 kilometres west of Addis Ababa. A total 78 phones with the app were given to midwives.“After a year, the capacity of the app users to manage bleeding rose from 20 to 60 per cent, and new born resuscitation, from 30 to 70 percent,” Mesfin added.last_img read more

Area Basketball Scores (1-11)

first_imgArea Basketball ScoresThursday  (1-11)Boys ScoresGreensburg  69     Batesville  61East Central  56     Franklin County  41Girls ScoresSouth Dearborn  44     Oldenburg  40South Ripley  58     Rising Sun  32Greensburg  60     Columbus East  50SW Shelby  52     North Decatur  43Waldron  64     South DEcatur  30SW Hanover  50     Switz. County  43Brownstown Central  42     Hauser  22Crothersville  75     Edinburgh  45last_img

Georginio Wijnaldum: Newcastle deserved criticism

first_img Press Association The Magpies found themselves with their backs against the wall after humbling defeats by Leicester and Crystal Palace sent them back into the bottom three after they thought they had turned a corner. However on Sunday they summoned up a performance of real character to beat high-flying Liverpool 2-0 at St James’ Park and rekindle belief that head coach Steve McClaren can lead them away from trouble. Georginio Wijnaldum has admitted Newcastle deserved the criticism which came their way as they plummeted back into the Barclays Premier League relegation zone. Wijnaldum told nufcTV: “Of course it’s hard, criticism is always hard to get, but a lot of the criticism, to my mind, was right because we didn’t have good performances. “You can lose games, but the way we were losing games was really bad because the performance was not good and we didn’t do it as a team. “I don’t want to say that everyone wasn’t giving their all – I think everyone did – but we didn’t do it as a team. If everyone plays their own game, then it is difficult to win the game. “But we have learnt from that and today, we did it differently. We fought as a team and fought to get the points, and that’s why it’s a big win.” Newcastle’s improvement could hardly have been better timed with McClaren facing rumours that he had two games in which to save his job, although it is understood there is no appetite within the boardroom to dispense with the services of a man who has only been in the post for six months. His buzzword in the run-up to the game had been “confidence”, a trait which had proved sadly lacking in the two previous outings, but after a nervy start, Newcastle found a coherence and a stomach for the fight before eventually producing the quality they needed to get the job done. They got their reward with 29 minutes gone when Wijnaldum collected Moussa Sissoko’s cross and worked his way into position before firing home via a deflection off defender Martin Skrtel. Asked if it was his goal rather than an own goal, the Holland international replied: “Yes, of course, because I shot on goal.” The Magpies enjoyed a further slice of good fortune when an offside flag harshly ruled out an Alberto Moreno strike, and they took full advantage when Sissoko and Wijnaldum combined once again in injury time for the latter to seal the win with a deft chip. If Tyneside was all smiles, there was frustration for Liverpool boss Jurgen Klopp and his team as they were unable to rediscover the cutting edge which has served them so well in recent weeks. It was just a second defeat in 12 attempts under the German in what was the second of seven fixtures in a congested month. However, full-back Nathaniel Clyne admits they have to put it behind them quickly if they are to achieve their goals for the remainder of the campaign. He told the club’s official website, www.liverpoolfc.com: “[The manager] was disappointed, like the whole team was. We thought that we had enough to get the win, but we’re a group in training and we’ll work harder to get the win the next game. “It’s important that we bounce back quickly. The December period, there are a lot of games coming up, so we’ve all got to be fit and raring to go and keep the confidence going into those games to try and get as many as we can.” last_img read more

Tour de France: Froome Forced to Run up Mont Ventoux after…

first_imgThe defending champion was overtaken by rivals Adam Yates and Nairo Quintana in the melee but race organisers ruled Froome should retain the overall lead.Thomas de Gendt won stage 12, which had been shortened because of high winds.Speaking to French TV, Froome, the 2013 and 2015 champion said: “I was with Richie Porte and Bauke Mollema and all three of us went into the back of the motorbike. I got hit from behind by another motorbike that broke my bicycle.“I told myself, ‘I don’t have a bike and my car is five minutes behind with another bike – it’s too far away, I’m going to run a bit’.”The Team Sky rider finished one minute and 40 seconds behind Trek-Segafredo’s Mollema, who had immediately managed to remount his bike, and 44 seconds behind BMC’s Porte. But Porte and Froome were given the same time as Mollema, five minutes five seconds behind Lotto Soudal rider De Gendt.Froome said: “I’m happy with the jury’s decision. I think it’s right. Thanks to them and thanks to the Tour de France organisation.”Rocky, Bolt and running the bulls – Froome inspires online hilarity As Froome climbed towards the finish line at Chalet Reynard, Porte rode into the back of a motorbike, which seemed to stop suddenly because of crowds encroaching on to the road. Froome and Bauke Mollema crashed into the Australian and all three fell off their bikes. With his bike damaged, Froome set off on foot as he waited for a replacement.According to the UCI, cycling’s governing body, a cyclist can cross the line on foot but only if they have their bike with them. He attempted to use a neutral service bike before switching to a third bike from the Team Sky car about 200 metres later, eventually crossing the line shaking his head.Froome, who held a 28-second advantage over Yates overnight, extended his lead to 47 seconds, with Quintana – regarded as Froome’s biggest rival before the race – a further seven seconds adrift.Porte, 31, said: “The crowd were all over the road and it was such a mess. It was just crazy.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Britain’s Chris Froome was forced to run without a bike following a crash with a motorbike on one of the most iconic climbs of the Tour de France.Froome crashed with Richie Porte and Bauke Mollema just over one kilometre from the finish on Mont Ventoux.last_img read more

Why a Lagos Slum is Producing Nigeria’s Top Football Talents

first_imgLeicester City and Nigeria midfielder Wilfred Ndidi did not grow up in Ajegunle but played against boys from the slum during his time at an academy in Lagos.He believes Ajegunle has produced good football players because the boys there “work hard, the lifestyle is difficult so they try to work very hard and come out with their best.”To keep the Ajegunle legacy going, some of the footballers are already giving back to the community with projects to nurture future talent.Akpoborie is helping to identify future football talent, while Ighalo is building an orphanage in the heart of the slum.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Taribo West is just one of the many top footballers to come out of Ajegunle, Ajegunle is  known for being one of Lagos’ toughest, most dangerous slums, but it also has another reputation – for producing some of Nigeria’s top footballers. So what’s the secret to its unlikely success?For a football-obsessed nation like Nigeria, talent can be found in every corner, but there’s definitely something special about Ajegunle, or AJ City, as it’s known by locals.Since the early 1990s, Ajegunle has been churning out football talent. Famous names such as Taribo West, Odion Ighalo, Brown Ideye, Samson Siasia, Obafemi Martins and Jonathan Akpoborie all started here.Life is not easy for many of the residents of this sprawling ghetto.They have to contend with high crime rates, as well the absence of running water, grid-powered electricity or healthcare. So what are the factors that contribute to Ajegunley’s footballing pedigree?Diversity, for one. “It’s a community with so many people from different ethnicities,” says Bennedict Ehenemba, a football scout for German clubs who is a native of Ajegunle.“Ajegunle accommodates the Yorubas, the Igbos, the Hausas, the Itsekiris and all the other tribes in Nigeria. “It’s a raw talent hub of Nigeria,” he tells me. Young boys have to find safe spaces to play football in Ajegunle. Many success stories can be traced back to two local institutions – St Mary’sCatholic Church and the Navy Barracks Camp. They remain safe places for many young people to play the game. Other open spaces are often claimed by so-called “Area Boys”, unruly gangs who often demand a fee for people to play there.Super Eagles striker Jonathan Akpoborie, who made his name in Germany’s Bundesliga in the 1990s, also honed his skills here.“This is actually the home of football in Nigeria,” Akpoborie tells me, adding that the game is seen by many youngsters as a route to a  better life. “I don’t want to downgrade the area by attributing the success of footballers to poverty but there’s just nothing to do for the kids. “They spend most of their time here playing football and in so doing they develop themselves and naturally become gifted footballers.“In one national team there’s always one player who originated from Ajegunle.“It’s exactly how I started – the grown-ups play first, we watch them play, then eventually we get in the field. They were inspirational to us.”Nigerian forward Jonathan Akpoborie made his name in Germany in the 1990s The slum also has an established system of grassroots football, which encourages talented youngsters to play competitive football for local clubs at an early age. This often gives them an edge over players at competing academies across the country. Alfred Emuejeraye, who plies his trade in the Swiss lower leagues, also grew up in Ajegunle.  He believes the secret of the slum lies in its deep love of the game. “The people here, the community are passionate about football, passionate about everything and are driven to succeed in whatever they do from musicians to taxi drivers… It’s an all-round community,” he tells me.Odion Ighalo – formerly of Watford FC in the English Premier League but now playing for Chinese Super League outfit Changchun Yatai FC – is another Ajegunle native. Now he lives in some of the world’s biggest cities, but still remembers Ajegunle fondly. “It was very tough growing up there. It’s not like in Europe where you have everything provided.“You have to look for money to buy football shoes, jerseys, transport and even water for to drink after training. If you can’t afford the transport then you stay – and those who stay are great players,” says Ighalo.Odion Ighalo – a striker for Chinese club Changchun Yatai FC – grew up in Ajegunle Bolarinwa Olajide is a sports reporter with Lagos-based radio station Wazobia. He saw many of these players emerge from Ajegunle over the years.“We see the hopeless, those who know they have a talent but they can’t exhibit it anywhere. They can’t afford fees to join a football academy, so they go to Ajegunle because they know scouts come to watch them play, and it’s a chance  to show what they can do as footballers,” he tells me.last_img read more

Gabriel Okechukwu: Targeting Russia 2018 ShirtÂ

first_imgOkechukwu departed with the Super Eagles contingent from Abuja to Wroclaw on Tuesday for the game against Poland before they face Serbia four days later in London.After his exploits at the CHAN competition, Okechukwu said he had got offers from some foreign clubs and that he doesn’t want to rush into any deal that could hamper his career growth.In a chat with Brila.net, the Akwa United player revealed some of the offers he has been receiving though they were no concrete deals yet. “Yes, I have been getting some offers from foreign Clubs I won’t mention names because they are no concrete deals yet,” Gabriel stated.He maintained that he remained committed to his Uyo-based Club and would simply take his time with the NPFL side rather than jump into any offer.He was part of the home-based Super Eagles side which lost in the final of the WAFU cup to Ghana in September but kept his place for January’s African Nations Championships despite not doing anything out of the ordinary in Ghana.Okechukwu sat out Nigeria’s first two games in Morocco and had to wait until the third game against Equatorial Guinea before he was handed his competition debut. He barely touched the ball in his six-minute cameo but his day was beckoning.That day came in Nigeria’s next game – a quarter final match in Tangier – against Angola. The Eagles missed a number of scoring opportunities and were heading out of the competition when an injury to wonderkid Sunday Faleye prompted Salisu Yusuf to call on Okechukwu with about 30 minutes left to play.He made his presence felt in the attack and although he missed a glorious chance to pull Nigeria level on 77 minute, his strike partner, Anthony Okpotu, redeemed himself with a late equaliser, sending the game to extra-time.Cometh the hour, cometh the man! After a goalless first half of extra time where both teams looked jaded and seemingly settling for shootouts, Okechukwu took his destiny in his hand. Picking up a loose ball after Dayo Ojo’s free kick was deflected, he outpaced two Angolan defenders before shooting from the edge of the penalty box.The luck that has trailed Okechukwu all his career also followed the ball as it took a deflection off Angolan defender Wilson and beyond his goalkeeper Landu Mavanga.Okechukwu’s goal made the difference. It brought joy to millions of Nigerians back home.The former Super Eagles and Flying Eagles fringe player is well famed in Nigeria after former coach of the Super Eagles, the late Stephen Keshi, handed him the number 10 jersey against Chad in Nigeria’s first AFCON 2017 qualifiers in Kaduna.Keshi was queried by the Nigeria Football Federation (NFF) for including a player who doesn’t play in any level of Nigerian football league, in the national team.Okechukwu was born August 28, 1995. He is a product of Water FC Academy in Abuja. In February 2016, he signed a contract with Ukrainian club FC Karpaty.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Ahead of the World Cup in Russia, the campaign for the inclusion of more home-based players in the Super Eagles is on. Three local players -Ikechukwu Ezenwa, Stephen Eze, and Gabriel Okechukwu are hoping to grab their chances in the two friendly matches against Poland and Serbia. With Ezenwa having impressed during the World Cup qualifiers, the onus now  is on Okechukwu to justify the campaign for the inclusion of more local  players in the Russian party,  writes Kunle AdewaleA fter an above average-performance at last month’s CHAN in Morocco, it came as no surprise that Gabriel Okechukwu was included in the list for Super Eagles’ upcoming friendly matches against Poland and Serbia. Though the campaign for the home-based players to be included in the Nigerian team to the World Cup has been on increase in recent times, Super Eagles Technical Adviser, Gernot Rohr’s position remains that the country’s best legs are outside the shores of the land.“Our best players are playing in Europe. Senegal, who we played against in London, had no local player. The big teams don’t have local players,” the German tactician had said then.However, after much criticism over the lack of opportunities to local players in his team, Rohr then declared that only exceptional players in the CHAN Eagles will be invited to the Super Eagles.The 63-year-old German however insisted that the current Eagles squad had top quality players and charged the home-based players to prove they can do better.Rohr said that he was keen on giving the NPFL players the opportunities to play for the team and as such, his assistants, Salisu Yusuf and Imama Amapakabo have been scouting the league for the best legs to represent the country in the CHAN tournament.Okechukwu has vowed to justify his inclusion in the Super Eagles squad if he gets a chance to feature in the team’s international friendlies against Poland and Serbia.The Akwa United attacker, who spoke to AOIFootball.com, said he remained grateful to Gernot Rohr for considering him worthy of a national team call-up.“I feel excited to be invited among the players that will represent the country against Poland and Serbia. I want to use this medium to say a big thank you to the coach for giving me this opportunity to be a part of this team and I promise not to disappoint,” the CHAN hero said.Gabriel further added that if given the chance in any of the games, he would grab the opportunity with both hands: “If given the opportunity by the coach, I will always have to come in and do what I know how to do best, which is to play and prove that I deserve to be a permanent member of the team.“It’s a lifetime opportunity playing for Nigeria at this level and I’m prepared to take it. The World Cup is the biggest competition every player dreams of and I’m not an exception. The games will serve as a preparatory test for us and every player invited will be eager to prove their own class so I will be ready to prove that as well.last_img read more

Big Ten presidents voted 11-3 to cancel fall football season

first_img A court filing discloed Monday shows that Big Ten Conference presidents voted 11-3 to postpone the football season until spring, bringing some clarity to a key question raised in a lawsuit brought by a group of Nebraska football players.The vote breakdown was revealed in the Big Ten’s response to the lawsuit.The court documents did not identify how each school voted, but a person familiar with the outcome told The Associated Press that Iowa, Nebraska and Ohio State voted against postponing the fall football season. The person spoke Monday on condition of anonymity because the Big Ten was not planning on making the specifics of its vote public.The Big Ten announced Aug. 11 it would move its football season from fall to spring because of health risks associated with the coronavirus pandemic. The Pac-12 and other smaller leagues followed suit. The eight football players are seeking the reinstatement of a fall season.Their lawsuit in Lancaster County District Court contends, among other things, the players are losing a chance for development, exposure for a possible pro career and won’t be able to market themselves to eventually capitalize on name, image and likeness revenue opportunities.The Big Ten filing was a response in opposition to the players’ motion for expedited discovery. The filing said the 11-3 vote “far exceeded” the 60% threshold the Big Ten requires. The filing also said the Big Ten based its decision on multiple factors, including the medical advice and counsel of the Big Ten Task Force for Emerging Infectious Diseases and the Big Ten Sports Medicine Committee.Listed as plaintiffs are Brant and Brig Banks, Alante Brown, Noa Pola-Gates, Jackson Hannah, Garrett Nelson, Ethan Piper and Garrett Snodgrass.The players’ attorney, Mike Flood, declined immediate comment, saying he needed to read the filing.The lawsuit says the Big Ten’s decision-making process was “flawed and ambiguous” and called into question whether the league’s Council of Presidents and Chancellors formally voted on the decision. The medical studies used to make the decision, the lawsuit says, were not relevant to the circumstances of college-age athletes and did not take into account school safety measures.The decision not to play fall football has created a firestorm in Big Ten country, fanned by the fact the ACC, Big Ten and SEC are pushing ahead with plans to start their seasons in September.Commissioner Kevin Warren has faced sharp criticism for not clearly laying out how the decision was reached. He has sidestepped questions about the vote breakdown, and his explanations of the medical reasons were panned for not being detailed enough.A group of Nebraska player parents have been most vocal in demanding answers from the commissioner, and parents from other Big Ten schools joined them.The Big Ten said last week the lawsuit “has no merit and we will defend the decision to protect all student-athletes as we navigate through this global pandemic. We are actively considering options to get back to competition and look forward to doing so when it is safe to play.”Flood, in his role representing the Nebraska player parents, previously sent a letter to Warren asking for documents relating to any votes taken, how each school voted, meeting minutes and all audio and video recordings and transcripts of meetings where votes were cast. He also wanted copies of studies, scientific data and medical information or advice considered by the presidents.Flood had threatened a federal lawsuit if the materials weren’t delivered to him. The Big Ten did not respond to the letter.Flood, a former speaker of the Nebraska Legislature, owns five radio stations that broadcast Cornhuskers football games as part of the Husker Sports Network.(Image Credit: AP) LIVE TV WATCH US LIVE Last Updated: 1st September, 2020 06:43 IST Big Ten Presidents Voted 11-3 To Cancel Fall Football Season A court filing discloed Monday shows that Big Ten Conference presidents voted 11-3 to postpone the football season until spring, bringing some clarity to a key question raised in a lawsuit brought by a group of Nebraska football players. First Published: 1st September, 2020 06:43 IST Written Bycenter_img COMMENT SUBSCRIBE TO US Associated Press Television News FOLLOW USlast_img read more

CAF disqualifies Gambia from U-20 AYC

first_imgThe Confederation of African Football (CAF) on Monday announced Gambia’s disqualification from the U-20 African Youth Championship (AYC) qualifiers for the 19th edition of the competition.A statement on CAF website indicated that the decision was taken by the Organising Committee for the Orange Africa U-20 Championship.“The decision follows a protest by Liberia on some players of Gambia during the first leg on Sunday, April 6, 2014, which Gambia won 1-0.“Indeed, Sampierre Mendy, Buba Sanneh, Bubacarr Trawally, Saloum Fall and Ali Sowe, were all born in 1994 and are not qualified to participate in the competition.“This is because it is reserved for players born on or after 1 January 1995, as stated in a circular dated Sept. 2, 2013, sent to all Member Associations of CAF.“In view of this, Match Number 22 (second leg) Gambia vs Liberia, scheduled between April 25 and April 27, is cancelled, and Liberia has qualified for the next round of the qualifiers,” the statement added.The 19th edition of the competition, is scheduled for Senegal from March 8 to 22, 2015last_img read more

Full list of winners at 2019 Joy Sports Invitational

first_imgThe 12th edition of the Joy Sports Invitational came off on Saturday, May 25 at the Burma Camp Sports Complex in Accra. The event put together by the Joy Sports team was sponsored by Dolait Yoghurt, First National Bank, 1xbet, MTN, and Yil Money Plus. Below is the full list of winners. Basketball – GHACEM  Volleyball – MTN Ladies penalty shootout – Sapholda Ventures CEOs mini goal post – Dolait Yoghurt (Mr Chadi Haidar) Table Tennis – GOIL Arm wrestling (Male) – MultimediaFootball – Sapholda Ventures Team Spirit – Nestle Ghana—last_img read more