Former Federal Reserve Chairman Alan Greenspan, who said a recession in the U.S. was “possible” later this year, may have been the catalyst for the global sell-off. On Monday, Greenspan said, “It is possible we can get a recession in the latter months of 2007.” On Tuesday, one day after sending Shanghai’s benchmark index to a record, investors dumped stocks to lock in profits amid speculation about a fresh round of austerity measures from Beijing to slow the nation’s sizzling economy. The Shanghai Composite Index tumbled 8.8 percent, or 268.81 points, to close at 2,771.79, its largest decline since it fell 8.9 percent Feb. 18, 1997, at the time of the death of Communist Party elder Deng Xiaoping. “The (rumors) that China is going to impose a capital-gains tax resulted in regional markets falling,” said S. Sharath, an analyst with MIDF-Amanah Investment Bank in Kuala Lumpur, Malaysia, where the benchmark index tumbled 2.8 percent. Chinese regulators shifted into damage control today, with a government-run newspaper denying rumors of plans for a 20 percent capital-gains tax on stock investments. SHANGHAI, China – Like an explosion that starts an avalanche, a plunge in Chinese stocks Tuesday set off a cascade of losses in exchanges around the globe, culminating in Wall Street’s most dismal trading day since the Sept. 11, 2001, terrorist attacks. By the end of the trading day in New York, about $632 billion of market value had been lost in the United States alone, according to Standard and Poor’s, as investors large and small – fretting that the Chinese and U.S. economies might be cooling – unloaded shares. Chinese stocks fell almost 9 percent, their biggest drop in a decade. The Dow Jones Industrial Average lost 416.02, or 3.3 percent, to 12,216.24. The main indexes on European exchanges also fell about 3 percent. The bloodletting continued when trading began in Asia today. Australia’s benchmark S&P/ASX200 index slumped 3.45 percent in the first 30 minutes of trading. In Japan, the Nikkei 225 stock index fell 693.50 points, or 3.83 percent, to 17,426.42 points on the Tokyo Stock Exchange about 20 minutes after the start of trade. New Zealand’s stock market fell more than 3 percent in hectic trading early today. But Greenspan’s comments also took a heavy toll on Asian markets. “Our economy is also dependent on the U.S. economy, if there is adverse news, exports from our country is going to drop,” Sharath said. In Hong Kong, the benchmark Hang Seng Index tumbled 1.8 percent, while Singapore’s Straits Times index sank 2.3 percent. Markets in Japan and Taiwan, however, registered only modest declines. Chinese share prices doubled last year as investors piled into the market following the completion of share-holding reforms that helped to reduce worries over a potential flood of shares entering the market. But stocks have been extremely volatile this year, with the Shanghai index notching one-day drops of 4.9 percent and 3.7 percent in January – before recovering to hit new highs. On Monday, it closed at a record 3,040.60. Tuesday, market heavyweights plunged on heavy selling by institutional investors, which in turn spooked retail investors who decided to cash in their recent gains rather than risk losing them in a severe market decline. “The most important reason for today’s decline was pressure for profit-taking,” said Peng Yunliang, a senior analyst at Shanghai Securities. “People viewed 3,000 as a psychological benchmark. It’s understandable they might want to pull back after the market hit that peak.” China’s economy grew 10.7 percent last year – the fastest rise since 1995 – and a central bank report at the beginning of the year estimated it would expand 9.8 this year. On Monday, Chinese banks were required to raise the amount of money they must hold in reserve to 10 percent from 9.5 percent, reducing the amount available for lending. Authorities had last raised the reserve ratio Jan. 15. The government, worried that excessive borrowing could trigger a debt crisis, also raised interest rates twice last year.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Wooden was the first person inducted into basketball’s Hall of Fame as a coach and player.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LOS ANGELES (AP) — Former UCLA basketball coach John Wooden may be released from a hospital as early as Wednesday after suffering from diverticulitis, his daughter said Tuesday. The 95-year-old Hall of Fame coach was admitted to a hospital near his home in the San Fernando Valley on Sunday for diverticulitis, an inflammation of the area around the colon, said his daughter, Nan Muehlhausen. “His spirits are very good and he’s doing fine,” Muehlhausen said. “He’s ready to get out (of the hospital.)” Muehlhausen said her father needed several transfusions because of blood loss. Other tests performed on Wooden showed the former coach was healthy, she said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event Wooden watched with his family as UCLA lost to Florida 73-57 on Monday in the national men’s basketball championship game. He was disappointed that his former team didn’t win but knew the Gators would be a tough matchup. “Before the game he said it was a toss-up,” Muehlhausen said. “Much to our chagrin it didn’t work out the way we planned.” Although he had some offers to attend the Final Four, there were no plans of returning to his home state of Indiana for the games. His most recent public appearance was last week in San Diego for the McDonald’s high school All-American games. Muehlhausen also said that Wooden had to cancel a couple of speaking engagements this week. Wooden retired from UCLA in 1975 with a record of 620-147 in 27 years as coach. The Bruins won 10 national titles under the “Wizard of Westwood,” including seven in a row. The streak included 38 straight NCAA tournament victories.
Noel’s Delight in President’s Day win at PortsalonOn Saturday 1st September the members of Portsalon Golf Club contested for the second major golfing title of the year. This was Willie Mc Cleary’s second year of his term as President of Portsalon Golf Club. The event was staged with an 18 hole stableford course. With a strong breeze blowing across the Banks it left conditions difficult for good golf. The overall winner was 10 handicapper Noel Mc Cormick who mastered the difficult conditions to win the President prize with an amazing 40 points.Runner up was Michael Shields (16) 39 points, Gross Phillip Durning (7) 29 points 3rd Anthony Toland (18) 37 points, 4th Ian Morton (13) 37 points. Best nines went to Paddy Mc Groarty and Chris Williams and the winner of the past Presidents prize was John Strain, country menbers prize was won by Barry Overend (19) 35 points with Aidan Langan (15) runner up with 34 points. The CSS on the day was 36 points.On Thursday last the Portsalon ladies and junior members contested for the Presidents prize and the winner of the ladies section was Sara Nicholl and Connor Mc Fadden collected the junior award The Captain D P Logue congratulated the President on this his special day at Portsalon Golf Club. He said Williehas been a member of Portsalon Golf Club for a long number of years and played an important part in the purchase and development of the course He said that it was indeed his honour to be Captain and work alongside Willie during his term of office. The President Willie Mc Cleary welcomed his wife Margaret,family , a special welcome to his grandson Peter, visitors and the club members to Portsalon Golf Club on this his Presidents Day. The President thanked the members and his guests who participated in this his second Presidents Day at Portsalon Golf Club. He thanked the members for the honour bestowed upon him and indeed it is his privilege to be President of Portsalon Golf Club. The President thanked the members who turned out and played in such numbers despite the poor weather conditions. He thanked Sean Mc Gettigan and his catering staff for the magnificent food served on the night. He thanked Grace and Carina for all their work during the day. Captains OutingOne of the onerous tasks bestowed on the vice captain is to organise the captains outing. The vice captain Joe Harkin has this year arrange a remarkable golfing feast with golf to take place on Saturday 20th and Sunday 21st October 2012. The event will be staged at our twinned partner Headford Golf Course Kells Co Meath .With hotel accommodation arranged at the Headford Arms Hotel one night bed & breakfast and one evening meal. The all in price for accommodation and golf is €110. As places are limited for further details contact the clubhouse on 0749259459 or contact the vice captain Joe Harkin. Please forward your name and deposit of €50 to either Joe Harkin or to the office staff. Remember if no deposit is paid there will be no reservation made. Portsalon Winter LinksThe Portsalon winter links details have been announced for the coming season. The event will be staged exclusively at Portsalon Golf Course. The first outing is scheduled to tee off on Saturday 29th September. Membership to the event will be Portsalon members €10 with visitors €15., entry into each days competition thereafter Portsalon members €10, visitors €20.The normal prize format of four nett and four gross prizes will be on offer (depending on the entry). The dates for this year’s event are as follows; 29th September, 13th & 27th October, 10th &24th November 2012, 19th January 2013, 9th 723rd February and Captains day on March 9th If you are interested in joining this winter links competition, contact 07491 59459 or go online to book you place.EventsOn Saturday 8th September the past captains of Portsalon will contest for the past captains cup, on Sunday 9th there is a members competition. A time sheet is in operation for all competitions contact 0749159459 or go online to portsalongolfclub.com.ResultsThe winner of the Sunday member’s competition was Anthony Toland (17) with 40 points, Runner up D P Logue (5) 39 points. Gross Ryan Mc Gettigan (7) 31 points.The CSS was 37 points. On Wednesday the winner of the open competition was : Ryan Mc Gettigan (8) 40 points BOT Runner Up: Bernard Nash (16) 40 points Gross: Eamon Mc Dermott (4) 33 points Third: Chuck Mc Taggart (12) 39 points BOT. The CSS was 37 pointsOn Line Booking Members and visitors to Portsalon Golf Club should note that on line booking is now available for all competitions at Portsalon at the flick of a button go to portsalongolfclub.comDivot BagsMembers and visitors please note that divot bags are now available on entry to the first tee box. Please ensure that you pick up a bag and assist with the course maintenanceGOLF NEWS: PORTSALON GOLF CLUB NOTES was last modified: September 7th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Portsalon Golf Club Notes
To celebrate the opening of the 2015 Salmon Season in the Foyle catchment, Loughs Agency are hosting a free event in Stranorlar, County Donegal on Sunday 1st March 2015 (10-3pm). Atlantic Salmon move into the Finn in preparation for spawning later in the year and are a prized catch.From 1st March – 15th September local anglers and those who come to stay in the area on angling holidays try to catch them in one of the most attractive catchments in Ireland. Early in the season is the best time to catch the most elusive Spring Salmon, the first fish to arrive in any season.Lionel Knobbs, Angling Development Manager at Loughs Agency said, “This weekend angling coaches are available to teach individuals how to cast with spinner or fly.“With their expert tuition everyone will soon be confident enough to want to try fishing for themselves.“All casters will have a chance to earn a CAST award, the new angling qualification promoted by the Agency. “Fly tiers and lure makers will show the flies and spinners that work on local rivers and highlight that with catch and release regulations remaining in place, these must use a single barbless hook’.Following an opening ceremony on the river organised by Glenmore Estate Fishery, the Loughs Agency event in the Finn Valley Leisure Centre will inform visitors about the fishing available in the area, with representatives from local angling clubs and angling providers available on site.Lough Agency will also be launching the ‘River Finn Angling Status Report’ & ‘River Finn Development Plan’. OFFICIAL SALMON SEASON OPENING LAUNCHED WITH FREE ANGLING EVENT was last modified: February 25th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:FishingnewsNoticessalmonSport
4 4 Rakitic scored the decisive penalty to ensure Croatia march on Croatia needed penalties to make it through to the quarter-finals of the World Cup after fighting off a brave Denmark side in a tense encounter at Nizhny Novgorod.Ivan Rakitic’s well-placed penalty sparked wild celebrations in the Croatia camp after the game finished 1-1 after extra-time. MOMENT OF THE MATCHAlthough it did not lead to a victory, Schmeichel’s save on Modric could be seen as one of the most dramatic moments from these incredible World Cup finals.The Leicester man got down brilliantly to his left to force the game into a shootout as his father, the great Peter Schmeichel, celebrated the save in the stands. To Modric’s credit, he stepped up in the shootout and got the better of his adversary at the second time of asking. Neither side could find the net after that as the game went into extra-time.It was a cagey extra 30 minutes but Croatia missed a glorious chance to snatch the win when they were awarded a penalty after Ante Rebic was fouled in the box by Jorgensen. But Luka Modric was unable to take advantage as Kasper Schmeichel brilliantly saved the spot-kick.However, it would be Croatia who would have the last laugh as they emerged 3-2 winners on penalties.STAR MANThe stage was set for the likes of Rakitic, Modric or Eriksen but the game produced an unlikely hero in the form of Subasic.Both keepers were on brilliant form, but it was the Croatia glovesman who was equal to three Danish penalties in the shootout which was decisive in winning the game. Mandzukic levelled the game after just four minutes It looked like it was going to be Denmark’s day when Kasper Schmeichel – who was equal to two of Croatia’s penalties – also saved Luka Modric’s spot-kick moments before the end of extra-time.But Danijel Subasic managed to save spot-kicks from Christian Eriksen, Lasse Schone and Nicolai Jorgensen to ensure Zlatko Dalic’s men will face Russia on Saturday evening.The game got off to an electric start as both sides got on the scoresheet inside the opening five minutes.Mathias Jorgensen gave the Danes a surprise lead with barely 60 seconds on the clock after Croatia failed to deal with a long throw-in and the centre-back scrambled the ball underneath Subasic who should have done better.However, Mario Mandzukic levelled the game moments later when the ball fell rather fortuitously into the path of the Croatia frontman after a Henrik Dalsgaard’s clearance rebounded off Andreas Christensen’s head. Subasic was the hero in a game he had a shaky start in LINE-UPSCroatia: Subasic, Vrsaljko, Lovren, Vida, Strinic (Pivaric 81), Rakitic, Brozovic (Kovacic 71), Rebic, Modric, Perisic (Kramaric 97), Mandzukic (Badelj 108)Subs nout used: Livakovic, Corluka, Jedvaj, Bradaric, Caleta-Car, Pjaca, Lovre KalinicDenmark: Schmeichel, Knudsen, Kjaer, Mathias Zanka Jorgensen, Dalsgaard, Christensen (Schone 45), Delaney (Krohn-Dehli 98), Eriksen, Poulsen, Cornelius (Nicolai Jorgensen 66), Braithwaite (Sisto 105)Subs not used: Lossl, Vestergaard, Kvist, Dolberg, Fischer, Larsen, Lerager, RonnowtalkSPORT are with listeners all day and all night at this year’s 2018 FIFA World Cup™ with over 800 hours of World Cup content and all 64 games live across the talkSPORT network. It was an incredible stop by the Danish no.1 4 4
Larissa in actionDONEGAL rugby stars Larissa Muldoon and Nora Stapleton are in the 6 Nations team which will be to prevent a French Grand Slam on Friday night.Muldoon, who scored a wonderful try for Ireland in the 17-10 loss to England at Twickenham, was rested in the 39-0 win over Italy last weekend, being brought on as a late substitute.She will resume her half-back partnership with Fahan woman Nora Stapleton in Stade du Hameau in Pau. France have already won the 6 Nations Championship but Ireland can prevent them taking a Grand Slam as well.“The team put in a fine performance against Italy in their first ever game at the Aviva Stadium but we are under no illusions as to the challenge ahead of us,” said head coach Philip Doyle.“France are the form team of the Championship and beat England reasonably comfortably in Round 1. We will need to match their physicality and take our chances when they come.”Ireland team v France RBS 6 Nations Championship Niamh Briggs (UL Bohemians/Munster), Ashleigh Baxter (Belfast Harlequins/Ulster), Jenny Murphy (Old Belvedere/Leinster), Alison Miller (Portlaoise RFC/UCC/Connacht), Nora Stapleton (Old Belvedere/Leinster), Larissa Muldoon (Bristol/Exiles); Fiona Coghlan (UL Bohemians/Leinster), Gillian Bourke (UL Bohemians/Munster), Ailis Egan (Old Belvedere/Leinster), Sophie Spence (Old Belvedere/Leinster), Marie –Louise Reilly (Old Belvedere/Leinster), Siobhan Fleming (Tralee/Munster), Claire Molloy (Bristol/Connacht) DONEGAL DUO IN IRISH LINE-UP FOR 6 NATIONS CLASH WITH FRANCE was last modified: March 12th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:6 nationsfranceIrelandLarissa MuldoonNora Stapleton
Scottish company Fankilts have launched a ‘Donegal Kilt’ which will be perfect for Donegal GAA supporters this summer.You could get your very own ‘Donegal Kilt’ for this summer’s Ulster Championship.It would certainly turns a few heads on the terraces of Mac Cumhaill Park and Clones. Milford GAA girls players Claudia Ward (13) from Rathmullan, and Rachel Roarty (14) were delighted with their Donegal Kilts.The girls were the first to wear the brand new Donegal kilts which were launched just in time for Paddy’s Day.Claudia plays for the Donegal’s Under 14 team, and she was delighted to model the kilt and team it up with her official Donegal team top.Claudia said, ‘These kilts are class’, ‘I’d definitely wear one’ Rachel agreed, adding “Girls would love to wear these to Donegal matches.The kilts are the brainchild of a Glasgow company called Fankilts who first created the kilts for the Commonwealth Games.Charlie Milarvey of Fankilts told Donegal Daily, “There were lots of different nationalities living in Scotland, who wanted to support their home nation at Glasgow 2014, so we came up with the idea of a Scottish kilt in the flag colours of all the countries competing, and they were a huge hit.“We also make a guy’s kilt with a flag panel, which we created for the Scotland v Germany matches, and we’re also working on one with the Irish colours for the Scotland v Ireland match in June.“I have a friend from Donegal who said we should create this Donegal kilt for the huge support the team has, so we thought it would double up as a great outfit for Paddy’s Day as well.’ If you’d like your own Donegal kilt, just drop us an email at and Fankilts will get in touch with you.SCOTTISH COMPANY LAUNCHES DONEGAL STYLED KILTS was last modified: March 18th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:BusinessFeaturesnewsSport
After the Isak-Muivah faction of the National Socialist Council of Nagaland or NSCN (I-M), an extremist group in Meghalaya has demanded a separate flag and constitution as part of its peace deal with New Delhi.The Centre’s bid to pass the Citizenship (Amendment) Bill appears to have been the trigger.The Hynniewtrep National Liberation Council (HNLC) was formed in 1993 to fight for the “liberation” of the Khasi-Jaintia people from the Indian Union. The outfit went into decline after its chairman Julius Dorphang surrendered in 2007, but of late the outfit has been carrying out extortion and other subversive activities.The Ministry of Home Affairs had on November 18 cited the HNLC’s “increased activities” to extend the ban on the group, whose general secretary Saiñkupar Nongtraw took to social media to demand a separate flag, constitution, parliament and a supreme court for the Khasi people.Mr. Nongtraw justified the demand by saying New Delhi has always made laws that are not beneficial for the minority tribes. “When you seek ILP (Inner Line Permit), the government gave CAB (Citizenship Amendment Bill), and instead of the VAB (Village Administration Bill), the government wants municipal election,” he said.The extremist leader said the HNLC would continue to fight for a separate homeland for the tribe it represents. “Since India has a Parliament, Flag, Constitution and a Supreme Court, the Khasi people also should have their Parliament, Flag, Constitution and a Supreme Court. And, this is equality that the HNLC is fighting for,” he said.
Duterte officials’ paranoia is ‘singularly myopic’ MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles04:21Faeldon, BuCor exec clash at Senate over early release of convicts02:11Makabayan bloc defends protesting workers, tells Año to ‘shut up’03:07PH billiards team upbeat about gold medal chances in SEA Games01:38‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon02:07Aquino to Filipinos: Stand up vs abuses before you suffer De Lima’s ordeal01:28Ex-President Noynoy Aquino admits contracting pneumonia00:45Aquino agrees with Drilon on SEA games ‘kaldero’ spending issue National team player Mike Ott bagged two goals to match Schrock’s output for the Busmen, who will face fierce rival Kaya Iloilo in the title match on Saturday.“It was a real dogfight,” said Schrock. “From two-nil down we went four-two up. We were a little bit shaky in the end but overall, everybody stepped up during this competition and everybody is proud of what we’ve achieved.”FEATURED STORIESSPORTSGreatest ever?SPORTSFormer PBA import Anthony Grundy passes away at 40SPORTSSan Miguel suspends Santos, Nabong, Tubid indefinitely after ‘tussle’ in practiceKaya overpowered Mendiola FC, 3-0, in the other semifinal duel to secure the second AFC Cup berth. Kenshiro Daniels, Masa Omura and Darryl Roberts were all on target for the Iloilo side, which finished second in the league behind Ceres.While Kaya cruised to a trouble-free triumph, the Busmen were made to sweat by a gritty Stallion side that took a 2-0 lead in the first 15 minutes after goals from Edris Najim and Abou Sy. Duterte calls himself, Go, Cayetano ‘the brightest stars’ in PH politics Fresh off his selection to the Asean Football Federation’s Best XI players of the year, Stephan Schrock quickly made his presence felt for his club, Ceres-Negros.Captaining the side in place of Carlie De Murga, Schrock sparked the Busmen’s remarkable comeback from two goals down as Ceres-Negros subdued Stallion Laguna, 4-3, on Sunday to reach the finals of the Copa Paulino Alcantara at Biñan Football Stadium.ADVERTISEMENT Rice industry paralysis Ethel Booba on SEA Games cauldron: ‘Sulit kung corrupt ang panggatong’ LATEST STORIES What’s behind the display of Chinese flag in Boracay? Don’t miss out on the latest news and information. Schrock cut the deficit with an 18th minute strike, before Ott equalized 11 minutes later.Schrock found the back of the net again in the 69th minute and Ott made it 4-2 in the 77th minute, before Jhan Melliza pulled a goal back five minutes from time for Stallion.Sports Related Videospowered by AdSparcRead Next Matteo Guidicelli had saved up for Sarah G’s ring since 2014? Ronaldo angry at coach Sarri after another substitution Drilon apologizes to BCDA’s Dizon over false claim on designer of P50-M ‘kaldero’ Priority legislation in the 18th Congress View comments