Interest rate increases won’t arrive until the middle of 2015, said Federal Reserve Bank of San Francisco President John Williams in a Bloomberg Radio interview on Friday, adding that the central bank can begin to normalize its monetary policy even if inflation is short of the Fed’s official target.Williams, who will have a voting role on the monetary-policy setting Federal Open Market Committee next year, said in his interview that the economy is in “a very good place right now” and that any moves the Fed takes to boost rates is unlikely to take place “in the next couple of meetings,” as quoted in The Wall Street Journal.The FOMC is planning to meet twice in the first quarter of 2015, with the third meeting scheduled for late April.Williams said that June might be a starting point for a rise in interest rates.Last week, the FOMC announced at the close of its two-day meeting that it will stay its current monetary policy course and added that it can be “patient” in deciding when to begin normalizing policy. In a press conference following the close of the meeting, Fed Chair Janet Yellen made clear that the committee “considers it unlikely to begin the normalization process for at least the next couple of meetings.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
A globally rare event is happening At the Tropical Bamboo Nursery in Loxahatchee.The corpse flower or Amorphophallus titanum bloomed last night and made quite a stink.It apparently smells like a decomposing elephant. The bloom lasts only a few hours then eventually in a few days the bloom collapses.The bloom is one of about five happening around the world outside of the plant’s native country in Indonesia.At the Tropical Bamboo Nursery, the last time a corpse flower bloomed was in 2014.The one blooming today was planted in 2006.
NOTTINGHAM, England (CMC) – Shai Hope and captain Jason Holder struck half-centuries but a late batting collapse sent West Indies to a hugely disappointing 15-run defeat to Australia, squandering an ideal opportunity to notch their second straight win of the ICC World Cup here yesterday.In pursuit of 289 at Trent Bridge in a contest marked by poor officiating, West Indies were well placed at one stage on 190 for four in the 35th over but then watched as five wickets tumbled for 66 runs, as the Caribbean side paid the price for injudicious strokes late in the innings and ended on 273 for nine off their 50 overs.Hope top-scored with a patient 68 off 105 balls that included seven fours, and appeared to be steering West Indies to victory but his demise in the 35th over sparked the West Indies slide, handing Australia their second straight win of the tournament.Holder struck 51 off 57 balls with seven fours and a six and hopes of a Windies victory were kept alive once he remained at the wicket. Mitchell Starc’s return for a final spell, however, sounded the death knell, as he knocked over Carlos Brathwaite (16) and Holder in the 46th over to quickly end the Windies bid.Left-hander Nicholas Pooran struck 40 while Chris Gayle and Shimron Hetmyer both got 21, but West Indies lost wickets at key moments which hurt their run chase.Left-arm seamer Starc claimed five for 46 while fast bowler Pat Cummins supported with two for 41.Andre Russell (right) celebrates one of his two wickets during yesterday’s 15-run defeat to Australia at Trent Bridge. (Photo courtesy CWI Media)Tail-ender Nathan Coulter-Nile had earlier struck a career-best 92 and stroke-maker Steve Smith, 73, as Australia recovered from 38 for four in the eighth over to reach 288 all out off 49 overs.Coulter-Nile, batting at number eight, struck eight fours and four sixes in a robust 60-ball knock which dug the Aussies out of trouble while Smith faced 103 balls and counted seven fours.Brathwaite got wickets at the back end of the innings to end with three for 67 while fellow pacers Andre Russell (2-41), Sheldon Cottrell (2-56) and Oshane Thomas (2-63) finished with two wickets each.West Indies drew first blood in the encounter after choosing to bowl first, unleashing a hostile pace assault on the reigning World champions which left them stunned early in the day.Thomas produced an absolute beauty to remove captain Aaron Finch for six to a catch at the wicket in the third over with the score on 15, the right-hander edging a quick length ball which shaped away.In the very next over, a frustrated David Warner steered Cottrell to Hetmyer at point to fall for three and left-hander Usman Khawaja (13), struck a fierce blow on the helmet by Thomas in the third over, edged Russell for wicketkeeper Shai Hope to take a brilliant one-handed catch diving low to his left in the fifth over.When Glenn Maxwell top-edged a pull at Cottrell off the second ball he faced and was caught off a skyer by Hope in the eighth over without scoring, Australia looked in danger of collapse.However, Smith came to his side’s rescue, first in a fifth-wicket stand of 41 with Marcus Stoinis (19) before adding a further 68 for the sixth wicket with wicketkeeper Alex Carey whose 45 came from 55 balls and included seven fours.Stoinis pulled captain Holder to Pooran at short mid-wicket in the 17th over and Carey feathered a catch to Hope in a new spell from Russell in the 31st over but Smith combined with Coulter-Nile to further frustrate West Indies in a pivotal 102-run stand for the seventh wicket.The partnership was ended in the 45th over by a superb running catch at backward square by Cottrell, who raced around the boundary to pluck Smith’s flick off Thomas out of the air. With the momentum taking him over the ropes, he released the ball just long enough to leap back on-field to complete the catch.In reply, West Indies’ start was less than ideal as they lost both Evin Lewis (1) and Gayle cheaply to be two down for 31 in the fifth over.The left-handed Lewis edged Cummins to second slip in the second over while Gayle, who was twice reprieved by DRS after being erroneously given out in successive deliveries by New Zealand umpire Chris Gaffaney in the third over, finally fell to a marginal lbw decision to Starc two overs later.TV replays revealed the standing umpire had missed a huge no-ball off the previous delivery, however, meaning Gayle should have instead benefitted from a free hit.Hope then repaired the Windies innings in a 68-run, third wicket with Pooran before adding a further 50 for the fourth wicket with Hetmyer.Pooran looked untroubled in his 36-ball innings which included five fours and a six before miscuing a heave over the top and falling to a catch at point by Finch off leg-spinner Adam Zampa in the 20th over.Hetmyer, meanwhile, blasted three fours and was just moving into another gear when he was sent back by Hope in a mix-up over a single in the 28th over and was run-out at the non-striker’s end.Hope, who counted seven fours, then combined with Holder to post 41 for the fifth wicket but his soft dismissal, caught at mid-on off Cummins, sparked the slide for West Indies.Russell blasted two fours and a six in an 11-ball 15 but then unnecessarily holed out to a running catch at point by Maxwell off Starc with West Indies needing just 73 runs off 67 balls.And all hope evaporated when Brathwaite drilled a Starc full toss to long on and Holder – twice reprieved by DRS after being mistakenly adjudged lbw on seven and 23 – pulled an innocuous delivery to short fine leg off the same bowler three balls later. AUSTRALIA innings Warner c Hetmyer b Cottrell 3 Finch c wkp. Hope b Thomas 6 Khawaja c wkp. Hope b Russell 1 Smith c Cottrell b Thomas 73 Maxwell c wkp. Hope b Cottrell 0 Stoinis c Pooran b Holder 19 Carey c wkp. Hope b Russell 45 Coulter-Nile c Holder b Brathwaite 92 Cummins c Cottrell b Brathwaite 2 Starc c Holder b Brathwaite 8 Zampa not out 0Extras: (b-1, lb-1, w-24, nb-1) 27Total: (all out, 49 overs) 288Fall of wickets: 1-15, 2-26, 3-36, 4-38, 5-79, 6-147, 7-249, 8-268, 9-284.Bowling: Thomas 10-0-63-2 (w-8, nb-1), Cottrell 9-0-56-2 (w-3), Russell 8-0-41-2 (w-5), Brathwaite 10-0-67-3 (w-2), Holder 7-2-28-1, Nurse 5-0-31-0.WEST INDIES inningsC Gayle lbw b Starc 21 Lewis c Smith b Cummins 1 Hope c Khawaja b Cummins 68 Pooran c Finch b Zampa 40 Hetmyer run-out 21 Holder c Zampa b Starc 51 Russell c Maxwell b Starc 15 Brathwaite c Finch b Starc 16 Nurse not out 19 Cottrell b Starc 1 Thomas not out 0Extras: (lb-9, w-11) 20Total: (9 wkts, 50 overs) 273Fall of wickets: 1-7, 2-31, 3-99, 4-149, 5-190, 6-216, 7-252, 8-252.Bowling: Starc 10-1-46-5 (w-4), Cummins 10-3-41-2 (w-3), Coulter-Nile 10-0-70-0, Maxwell 6-1-31-0, Zampa 10-0-58-1, Stoinis 4-1-17-0.Points: Australia 2, West Indies 0.Man-of-the-Match: Nathan Coulter-Nile.
Freshman quarterback JT Daniels is currently on concussion protocol, and his ability to play in Saturday’s game remains questionable. (Emily Smith | Daily Trojan)Following a disheartening road loss to Utah riddled with player injuries, the football team prepares to take on Arizona State Saturday with some uncertainty.Head coach Clay Helton praised the Sun Devils’ talent, and is not overlooking their 3-4 start.“Don’t be fooled by the record,” Helton said. “They [were] impressive when they went up to Washington, … at Colorado and at Stanford.”With freshman starting quarterback JT Daniels in concussion protocol and sophomore backup quarterback Matt Fink out with three fractured ribs, redshirt freshman quarterback Jack Sears continued to receive first string reps. The team is looking to simplify the game plan on offense given Sears’ limited preparation time by emphasizing his capacity to create dynamic plays with his running ability and short throws to slowly move the ball down the field. Quarterbacks coach Bryan Ellis provided his assessment on Sears from fall training camp to Tuesday.“He’s really athletic — that’s a good thing,” Ellis said. “We’ll have to move him around a little bit. He’s got a really strong arm. He had a great fall camp. It wasn’t necessarily his fault that he was named the third string guy. We just happened to have some good quarterbacks on our roster.”Ellis believes Sears is up to the challenge mentally. “What I like about him is he’s prepared everyday like he is going to get an opportunity to play,” Ellis said. “He’s a smart kid, he’s been engaged the whole time, and we’ll see where we are at with the plan, what he knows, what he likes and hopefully go out there and play Saturday.”Ellis also didn’t rule out a Daniels return.“If [Daniels] gets to play, then he’ll get to play,” Ellis said. “And if not, then we’ll have to move on without him. [Daniels is] a football junkie, so he’s still studying like he’s gonna be the starter, and he still may. We’ll see where he’s at.”Given USC’s record with injuries lately, the coaching staff isn’t putting all their stock on one player. They are also preparing walk-ons redshirt sophomore Holden Thomas and junior Brandon Perdue.Daniels, who completed 6-of-16 passes with a touchdown and two interceptions on Saturday, has had an up-and-down season, but his burgeoning connection with junior wide receiver Michael Pittman and longtime chemistry with freshman wideout Amon-Ra St. Brown has helped steady an otherwise shaky offense. The team will have to adjust to Sears’ mobile playstyle and restricted play-calling options.For now, the team is sticking to its next-man-up approach and is ready to rally behind whoever is under center.“He’s got the talent,” Ellis said. “I got no doubt in my mind that we can win a football game with Sears, and that’s what we plan to do on Saturday.”Sears downplayed any nervousness heading into Saturday’s game.“Lot of preparation, lot of the time in the film room,” Sears said. “Just preparing like I always prepare, whether it’s week one, two or this past week.”Sears also said that situations like these prove the importance of always being prepared.“Coach preaches every week to prepare like you’re the starter,” Sears said. “If you’re not getting the physical reps, you’ve got to get the mental reps. Obviously it’s hard [not playing] as a competitor, but at the same time, watching [Fink] and [Daniels] go along the process, string them along, helping them out anyway I can and prepared as if I have to go in when my name is called.”Injury updateSenior linebacker Cameron Smith was held out of practice with a hamstring strain. Daniels remains in concussion protocol but is progressing well, according to Helton. Senior running back Aca’Cedric Ware was limited with a sore shoulder but practiced. Senior cornerback Jonathan Lockett is still recovering from a hip injury, and freshman cornerback Olaijah Griffin is limited with a shoulder injury.
Arsenal manager Arsene Wenger praised his team’s resilience after they hit back from a goal down to beat West Ham United 3-1, but also admitted that they worry him.After dominating the first half at Upton Park, Arsenal fell behind to a goal from Carlton Cole, but fought back through a Theo Walcott brace and a strike from Lukas Podolski.”I have confidence in the team, but I also worry,” Wenger said. “That is the nature of the game. You always worry.”I am proud of the character of this team because they are always focused and try to do well. They respond, but football is football.”Arsenal’s response, when their heads might have dropped, suggested that they are made of sterner stuff this season than in some previous Premier League campaigns.”We couldn’t take our chances in the first half and we responded very well in the second half, in the end winning the game in a convincing way,” Wenger said. “The positive is we created chances. The negative is we didn’t take them. Sometimes there is a guilt flying around the team when you don’t take your chances. You think, basically, we deserve to be punished, and we were.”One negative for Wenger was an injury sustained by Aaron Ramsey, one of the few players this season who has looked like giving Liverpool’s Luis Suarez a run for his money in the Footballer of the Year voting.”It looks like a thigh strain,” Wenger said.”For me, a thigh strain – I don’t know how serious the thigh strain is – but the Christmas period is certainly over for him. It was his (23rd) birthday today (Thursday).”But a big plus for Wenger was the return from a hamstring injury of Podolski. The German attacker replaced Ramsey after 66 minutes and provided the left-wing cross from which Walcott headed in his second goal of the game, in the 71st minute, before scoring the third himself.”He has been out for four months, he has not played one game,” Wenger said.”I try to get him slowly back to competitiveness and he has shown that he can have a huge impact because he can score and make you score goals, give assists.”While Arsenal were returning to form, West Ham have now won only once in 11 games, but their manager, Sam Allardyce, took heart from his team’s display against the title contenders.”We had a great opportunity to win against the top-of-the-league team and unfortunately we didn’t take it because we didn’t get the second,” he said. “We paid the price today, sadly. It is about performing like that against those clubs which give you a better chance to win the game.”When we’ve had that opportunity recently, we haven’t done that. We haven’t played as well as that, apart from when we beat Fulham 3-0 here.”We played Sunderland here (drawing 0-0) and never got to this level so ended with a draw. We played against Aston Villa at a high level (drawing 0-0), but didn’t score.”We played at Crystal Palace and lost (1-0), failed after going 1-0 up against Norwich (losing 3-1).”They are key letdowns. You can always lose to Arsenal if you play your best or not. “It is disappointing for the lads when they have put such a big effort in and made so many chances against this team and have not finished the game off. West Brom on Saturday (at Upton Park) is becoming a must-win.””Catch-up is getting a little wider and wider each game when you don’t pick up points.”But we have to take a lot of positives out of the way we played today and make sure we play as we did today and like we did at Tottenham in the cup (winning 2-1, in the League Cup quarter-finals), against West Brom.”