July 19, 2016 |
We investors are suffering a bizarre new phenomenon - where banks and governments are "paying" negative interest rates. Negative rates imply that customers actually pay for keeping money in the bank or in sovereign bonds, rather than receiving interest. Negative interest rates in countries such as Germany and Japan are an experiment to stimulate consumer spending. Just last week, Germany sold 10-year bonds yielding negative rates - investors pay the sovereign to hold these fixed-income securities!
July 19, 2016
TURKEY HAS always had a little bit of a problem with the truth. For decades, the Turkish government has denied that it executed the first real genocide in modern times when it eliminated the Christian Armenian population that had been living within the territories of the Ottoman Empire. According to Samantha Power in her magisterial book A Problem From Hell , "Beginning in March 1915, [the New York Times] spoke of Turkish 'massacres,' 'slaughter,' and 'atrocities' against the Armenians, relaying accounts by missionaries, Red Cross officials, local religious authorities and survivors of mass executions.
July 12, 2016 |
DENVER - Daniel Stumpf said fish oil is the only supplement he has ever taken and he has no idea how he tested positive for an anabolic steroid. The relief pitcher returned to the Phillies on Sunday morning at Coors Field at the completion of his 80-game suspension for testing positive for chlorodehydromethyltestosterone, a discontinued steroid that was used by East German athletes under the brand name "Oral Turinabol. " "I understand that it's going to be hard to believe for people.
July 1, 2016 |
Philadelphia School Superintendent William R. Hite Jr. announced Wednesday that the School District had filled 99 percent of its teaching positions and was on target to have all filled by the start of the school year. "These classrooms are empty right now for the summer, but come September, they will be full of teachers," Hite said at a news conference at Roxborough High School. "Last year there were too many vacancies in our schools," he said. "We recognized the problem; we took action with an aggressive recruitment and hiring strategy.
June 9, 2016
By Berwood A. Yost No candidate with negative personal popularity has won an election for U.S. Senate, governor, or president in Pennsylvania. Not one. That Donald Trump and Hillary Clinton are the most unpopular candidates ever to run for president is one more example of how unusual and unpredictable this campaign is and will be. When people who follow politics closely talk about a candidate's popularity, they are normally speaking about that candidate's favorability rating.
June 6, 2016 |
LONG POND, Pa. - The first time Brad Keselowski arrived at Pocono Raceway as a driver, in 2010, the track's condition was not much different from what it was when he visited in the early 1990s. But in the last five years, Keselowski said, the track has significantly improved. It was repaved, barriers were made safer, and the entrance wall to pit road was extended. "My opinion has changed dramatically," Keselowski said. ". . . It's seen a lot of upgrades that make me feel better about coming here specific to the Safer barriers and things of that nature.
May 27, 2016 |
LIKE ANY good clinical diagnosis, this one is based on over three minutes of conversation that was eavesdropped upon in the locker room of a local health club. It is supported by no empirical evidence, and any expert testimony that advances the argument does so only because it has been cherry-picked for that exact purpose. In other words, it, like all other arguments advanced beneath this byline, is airtight. Now that we have the pesky disclosures out of the way, here's the scoop: Last week, on the morning of the NBA draft lottery, I overheard a conversation between two middle-aged men who were discussing the various complications that await the Sixers upon the return of Joel Embiid.
May 16, 2016 |
Last summer, long after the 2015 Phillies were forgotten, they went 21-14 in a 35-game stretch. The team had a new manager, and various trades remade the roster, but it mattered little. No one could point at the standings. The tangible proof that the organization was headed in the right direction was harder to pinpoint. We remember what happens first, and we remember what happens last. The 2016 Phillies went 20-15 in their first 35 games, and new general manager Matt Klentak watched like any invested person would.
May 5, 2016 |
JOE DOUGLAS, described by a source close to the situation as the "top candidate" to direct Eagles personnel under Howie Roseman, is scheduled to interview for the job Thursday, and could be officially hired very quickly after that. An NFL observer who knows Douglas well called him "a worker bee" Wednesday - a well-regarded scout who keeps a low public profile, and wouldn't mind reporting to Roseman, the former general manager restored to power by team chairman Jeffrey Lurie at the end of the 2015 season.
May 5, 2016 |
LOUISVILLE, Ky. - Post positions rarely matter except at tracks where certain styles are winning more than normal. They also matter in the Kentucky Derby because there are 20 horses in two gates and it is the Derby where everything matters. Nyquist, the unbeaten 3-1 morning-line favorite drew post 13, just one spot from the end of the main gate. The other six horses will be in the auxiliary gate. Nyquist's trainer Doug O'Neill was not unhappy with the post, but was more interested in the horses outside Nyquist, especially the likely pacesetter, the very fast Danzing Candy who drew the 20 post.