Interest rate to drop below 1 per cent, Big Four bank predicts

Posted On Sep 28 2020 by

first_imgNAB expected the second rate cut to come in August, when the official cash rate would hit 1 per cent, and the risk that further action might be necessary in early 2020.NAB warned that RBA’s was being “overly optimistic on growth with a weaker labour market likely to see inflation undershoot the 2-3 per cent target band until mid 2021”. August 6: 1% The official cash rate could drop below 1 per cent in what would be a landmark rates call by the Reserve Bank, according to latest predictions from one of Australia’s biggest banks, NAB.Homeowners rejoice, one of Australia’s biggest banks now expects the cash rate to plunge to 0.75 per cent, with the first cut coming a fortnight after the Federal Election.National Australia Bank made the call on the cash rate change the day before the country was set to go to the polls, warning it expected RBA to cut rates on June 4 and that it could sit below 1 per cent by this time next year.“We have changed our view on the cash rate, bringing forward the timing of forecast rate cuts to start in June,” a statement by NAB said. MORE:Crunch time for property election promises June 4: 1.25% Current cash rate target: 1.5% This after fresh evidence Thursday via labour force data that “the economy is weaker than the RBA had expected” with unemployment rising from 4.9 per cent in February to 5.2 per cent in April.Add to that “underlying inflation (was) almost back at the multi-decade low reached in 2016”.“Given low inflation, continued weakness in the NAB business survey — where NAB’s internal indicators point to the weakness in spending becoming entrenched — and now higher unemployment, we think the Board will now act in June and that this is likely to be signalled in the May Board minutes and Governor Lowe’s speech on Tuesday.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Early 2020: 0.75%center_img FOLLOW SOPHIE FOSTER ON FACEBOOK Source: NAB NAB’S PREDICTION: More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours ago MORE: Buy a house, get a free holiday NAB now expects RBA to cut rates at June 4 board meeting and again in August, before further action in early 2020. Picture: William WEST/AFP.“Previously, we had forecast the RBA to cut the cash rate by 25bp in July and again in November, taking the cash rate to 1 per cent.”“We now expect the RBA to cut at the 4 June Board meeting and again in August. We also see a risk that the RBA delivers additional policy stimulus by early 2020, either by cutting again or opting for an alternative policy measure.”The news would be a godsend for buyers trying to get into the real estate market, and homeowners looking for spare spending capacity, but would trouble pensioners and those reliant on interest income.last_img read more


Sun ‘stops chickenpox spreading’

Posted On Sep 26 2020 by

first_img Tweet 12 Views   no discussions Sharing is caring! Share Where you live could be a factor in developing chickenpoxExposure to sunlight may help impede the spread of chickenpox, claim researchers.The University of London team found chickenpox less common in regions with high UV levels, reports the journal Virology.Sunlight may inactivate viruses on the skin, making it harder to pass on.However, other experts say that other factors, including temperature, humidity, and even living conditions are equally likely to play a role.The varicella-zoster virus is highly contagious, while it can be spread through the coughs and sneezes in the early stages of the infection, the main source is contact with the trademark rash of blisters and spots.PollutionUV light has long been known to inactivate viruses, and Dr Phil Rice, from St George’s, University of London, who led the research, believes that this holds the key why chickenpox is less common and less easily passed from person to person in tropical countries.It could also help explain why chickenpox is more common in the colder seasons in temperate countries such as the UK – as people have less exposure to sunlight, he said.He examined data from 25 earlier studies on varicella-zoster virus in a variety of countries around the world, and plotted these data against a range of climatic factors.This showed an obvious link between UV levels and chickenpox virus prevalence.Even initially confusing results could be explained – the peak incidence of chickenpox in India and Sri Lanka is during the hottest, driest and sunniest season.However, Dr Rice found that, due to atmospheric pollution, UV rays were actually much lower during this season compared with the rainier seasons.He said: “No-one had considered UV as a factor before, but when I looked at the epidemiological studies they showed a good correlation between global latitude and the presence of the virus.”Professor Judy Breuer from University College London said that while UV could well be contributing to the differences in the prevalence of chickenpox between tropical and temperate regions, there were other factors which needed to be considered.She said: “Lots of things aside from UV could affect it – heat, humidity and social factors such as overcrowding.“It’s quite possible that UV is having an effect, but we don’t have any firm evidence showing the extent this is happening.”BBC Newscenter_img Share Share HealthLifestyle Sun ‘stops chickenpox spreading’ by: – December 19, 2011last_img read more


Real Madrid Star Pens New Six-Year Deal

Posted On Aug 31 2020 by

first_imgReal Madrid forward Marco Asensio has signed a new six-year deal at the club as reward for a breakthrough season.Asensio, 21, joined the Spanish and European champions from fellow Spanish side Real Mallorca for a reported £3.5m in 2014 and went on to enjoy a breakthrough season as he helped the club win a league and UEFA Champions League (UCL) double.The Spanish international has been linked with a move to the English Premier League (EPL) but has decided to committed his future to the Los Merengues until June 2023.RelatedAsensio Admit Snubbing Barcelona Before Signing For Real MadridSeptember 12, 2017In “Spain”Real Madrid Halt Bale’s China MoveJuly 28, 2019In “Europe”Cristiano Ronaldo Names Rashford, Asensio As Potential Heir To World Best ThroneAugust 27, 2017In “Europe”last_img read more


Cam Newton responds to Panthers trade announcement: ‘You forced me into this’

Posted On Aug 14 2020 by

first_imgThe Panthers have given Cam Newton permission to seek a trade. At least, that’s what the organization would have you think, per Newton.The team made the announcement on Tuesday, almost certainly signalling the end of the 2015 MVP’s nine-year tenure in Carolina. But Newton in a captured screenshot blasted the organization for suggesting he was the one who wanted out: Newton wasn’t the only one who questioned the Panthers’ sincerity regarding their announcement: Former tight end Greg Olsen, who left the team and is now with the Seahawks, also responded to the team:You know how bad this has to be for Greg Olsen to weigh in pic.twitter.com/FU42mVZVaq— Mackie G (@MackieGallagher) March 17, 2020It’s a harsh, Machiavellian move by Carolina, but one that makes sense for the organization. Newton was placed on injured reserve with a Lisfranc injury early in 2019 after he missed the final two games of a 7-9 season with a shoulder injury. He is due $18.6 million in 2020, the final year of his contract, and would carry a $21.1 million cap hit heading into 2021.Newton is a charismatic player who represented the Panthers well on and off the field, passing for 29,041 yards and 182 touchdowns to 108 interceptions. He added 4,806 rushing yards and 58 rushing touchdowns as well. That the Panthers are willing to move on from him is a stark reminder that the NFL is a business — one that rarely places feelings behind decisions. Cam Newton setting the record straight, just like Greg Olsen had to do. pic.twitter.com/ODwUUG9i4x— Joe Person (@josephperson) March 17, 2020For those not fluent in Cam Font: “Stop the word play!! I never asked for it!! There is no dodging this one; I love the Panthers to death and will always love you guys!! Please do not try and play me, or manipulate the narrative and act like I wanted this; you forced me into this!! Love (love emoji).”MORE: Where will Cam Newton play in 2020? Ranking QB’s five best fitsWhether the Panthers would commit to Newton in 2020 and beyond was a main point of emphasis for new coach Matt Rhule. The former Baylor coach refused to publicly commit to Newton upon taking the job over for Ron Rivera, now with the Redskins. Now, it seems, Rhule never will.last_img read more


Council sends out gritters as Met Eireann forecast snow overnight

Posted On Dec 21 2019 by

first_imgDonegal County Council is to send out its fleet of gritters early on Saturday morning as temperatures are set to plunge overnight.Indeed Met Eireann has warned that snow could hit many parts of Donegal tomorrow morning.Gritters will be sent out on a number of primary routes by the council from 5am onwards. The situation will be continually assessed as the weather warning continues.Met Eireann says temperatures for Donegal will dip to zero degrees with snow forecast from 3am onwards.The following routes are those to be gritted with all motorists being asked to exercise caution in the morning.06: Inishowen West04: Inishowen South01: National Primary North02: National Primary Central03: National Primary South07: Milford South08: Milford North09: Cill Ulta East10: Cill Ulta West11: Na Rosa12: Binswilly13: Stranorlar North14: Stranorlar East15: Stranorlar West16: Donegal West17: Donegal North18: Donegal South19: Donegal National Secondary05: Inishowen EastBT: Buncrana Town Council Priority 1LT: Letterkenny Town Priority 1 Council sends out gritters as Met Eireann forecast snow overnight was last modified: March 19th, 2019 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:councildonegalgritterssnowlast_img read more


Power cut strikes parts of Inishowen

Posted On Dec 21 2019 by

first_imgA number of homes and businesses have been left without power this afternoon after a power outage in Buncrana.Up to 78 properties have been affected by the outage which was caused by an electrical fault.ESB workers are working to restore electrical supplies which are expected to be repaired by 6pm this evening (Monday) ESB said: “We apologise for the loss of supply. We are currently working to repair a fault affecting the premises and will restore power as quickly as possible.”Power cut strikes parts of Inishowen was last modified: August 12th, 2019 by Shaun KeenanShare 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)last_img read more


Raiders report: Five things we learned Wednesday

Posted On Dec 21 2019 by

first_imgYOU GOT WHAT IT TAKES?Pick against our pros all season long and win!***ALAMEDA — Five things we learned Wednesday as the Raiders began preparations to face the Miami Dolphins on the road in Week 3: 1) The Raiders will have their hands full with Miami quarterback Ryan Tannehill.Tannehill missed the entire 2017 season after knee injury and coach Adam Gase believes he may be the better for it.“He was able to take a step back and really listen to the fine points of a lot of things …last_img read more


Bears doing the wild thing in OH-IO

Posted On Dec 17 2019 by

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The first photographic evidence of a black bear sow with cubs in Ohio was recorded in Ashtabula County last month, cell phone footage featuring a mother black bear crossing a roadway with at least two cubs taken by Colleen Porfillio and her daughter Jenna as they were driving down a rural road.“This is the confirmation we needed to help ensure our suspicions were on-point,” said Scott Peters, wildlife management supervisor for northeast Ohio. “Black bear sightings in northeast Ohio counties are not all that uncommon anymore, especially sightings of young males looking to establish territories during warmer months.”Wildlife biologists have logged some reported sightings of females with cubs previously, but support data such as high-quality pictures or video of a sow with cubs clearly in Ohio has been lacking until now.“Whether or not the sow gave birth to the cubs here in Ohio we’ll never know since the sighting was only a few miles from the Pennsylvania border. Nevertheless, it’s exciting to know they’re spending time in the Buckeye State,” Peters said.The cubs will stay with the sow just over one year and then they will disperse to find their own territories. Folks who spot a black bear in northeast Ohio should contact Wildlife District Three at (330) 644-2293 or email [email protected] to report the sighting, with as much detail as possible including location, date, time, and bear activity. Reports of recent/current activity are most helpful to the state agency, and sightings more than a few days old are not necessary to report.The Ohio Division of Wildlife began keeping records of black bear observations in 1993, and since that time, bears have been confirmed in over half of Ohio’s 88 counties, mostly in northeast and southern Ohio. Historically, black bears roamed the Buckeye State, but unregulated hunting and habitat loss rendered bears extirpated from Ohio by 1850. Ohio is again home to a small but growing population of black bears, with a resident population estimated to be anywhere from 50 to 100 individual bears. You can view Porfillio’s bear footage at facebook.com/ohiodivisionofwildlife.last_img read more


Child Care Professionals Helping Military Families Connect to a New Community

Posted On Dec 12 2019 by

first_imgAllow the child to attend for half days for the first week, or some other partial schedule.Encourage the parents to hang around for as much of this time as they can. Not only will it help the child feel more secure, it will also provide more opportunity for parents and teachers to get to know each other.Those are just a few ideas for helping new families in your program quickly feel at home in their new community. If you have more ideas, please add them in a comment – we’d love to hear them!! Moving to a new place is an exciting, exhausting and anxious time for a family – and one that many military families experience often. Everyone is eager to settle in, make new friends, and get familiar with their new community. If a family will be enrolling children in a child care program, they just may have found the quickest route to getting connected and comfortable! Child care professionals are in the perfect position to help children and families get to know the people and places in their new community.Connect Them to New FriendsThere are lots of options available to child care providers and programs who want to step up their welcoming efforts. Lauri Troutman*, a veteran child development and education professional with over 20 years of experience working with Navy families, shares what her program does to help families quickly feel more at home:Our military child care program serves both military and DoD civilian families. Many of our new parents don’t know anyone in the area. We connect them with families who know the area well so they can tell them about the best parks, beaches, children’s playgrounds, children’s clothing and used item stores, babysitters and more. This is a volunteer buddy system that the parents are happy to do for the new families. Simply place a sign-up sheet and brief explanation and you will usually get volunteers and can keep a list on file so you can make the connection right away.Connect Them to Their New CommunityAnother way that child care programs can support new military families is to put together a “Welcome Packet” that each new family is given as soon as they are enrolled. Consider asking your current families to help come up with the items that are includes. They’re your best source of information for what new families most want to have! But just to get you started, here are a few ideas:Information about the child care program, including a calendar of upcoming events;Information about the military community that may not be in the official information they’ve been given but that your parent advisors know is helpful;Information about the civilian community and surrounding area (gather tips from parents and check your local tourist office or chamber of commerce, if available, for materials that they may have);Coupons and freebies from local businesses, especially those that would be useful to families with young children (check with your local Chamber of Commerce and, if applicable, with the installation family support services office first to see what they already may have in place for new residents); and(especially for the kids!) a “scavenger hunt” with photos of fun, interesting family-friendly places around town to find! Be sure and enlist the help of the children and parents already in your program in identifying the items that are “must-haves” on the list! Connect Them to their New Child Care HomeAnd finally, let’s not forget about feeling comfortable in the child care setting itself. Some ideas that can make the transition smoother for parents and children are:Invite each new family to visit the program before their actual start date, and to stay for at least a couple of hours (which should include some free-play time, a snack or meal, and a group activity of some kind).Put together a “Welcome Book” photo album that you can send home with each new family prior to their first day (this could also be an online photo album or “virtual tour”). Some suggestions of photos to include:main areas of the classroom (include “routine” spaces, such as the bathroom and the child’s cubby as well as play spaces);toys and activities that are big draws for most kids;the classroom during important times of the day (such as lunch and outdoor play); andthe teachers (don’t forget to print their names!).Include some text that explains something about each shot. Remember, the intent is to reduce the child’s “first day jitters” by making the child care environment more familiar and inviting.center_img *Lauri Troutman is a manager of a Navy Youth Center/Boys & Girls Club, and a former teacher/administrator with experience in both center-based and home-based care. Many thanks to Lauri for letting us use her brilliant ideas in today’s post!P.S. Lauri shared her ideas in a discussion in our LinkedIn Group, Early Care and Education and Military Families. You’re welcome to join us there to discuss a new topic each week.Written by Kathy Reschkelast_img read more


United States beats Belarus to win its 18th Fed Cup title

Posted On Nov 30 2019 by

first_imgCPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Rodriguez key at both ends as Switzerland reaches World Cup Kathy Rinaldi, in her inaugural season in charge of the Americans, became the first female captain in the tournament to lead a Fed Cup team to victory since Billie Jean King for the U.S. in 2000.“It’s been an incredible ride thanks to these ladies,” Rinaldi said. “We’re family and we’ve had each other’s backs. This was a very tough match.”The U.S. holds the most Fed Cup titles in the international team competition. This was its fourth Fed Cup final since last winning in 2000. It lost the 2003, 2009 and 2010 finals.Belarus was making its first appearance in a Fed Cup final.“We are really satisfied we gained this result,” Belarus captain Eduard Dubrou said. “Today’s match has showed we have a good team because last time we faced the team of USA it was 5-love and today we were really close to a good result for us.”ADVERTISEMENT View comments “It feels perfectly believable and unbelievable,” Vandeweghe said. “I’m ready for a vacation.”The Belarus pair led 5-2 in the second set and served to level at one-set apiece in the eighth, 10th and 12th games. The Americans dominated the tiebreaker, winning five of the last six points.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutSasnovich had kept Belarus alive after beating U.S. Open champion Sloane Stephens 4-6, 6-1, 8-6 to leave the final level at 2-2 on the indoor hard-court Chizhovka Arena.Vandeweghe earlier beat Sabalenka 7-6 (5), 6-1 to give the U.S. a 2-1 lead. LATEST STORIES Stronger peso trims PH debt value to P7.9 trillion Typhoon Kammuri accelerates, gains strength en route to PH John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Vandeweghe proved the difference between the two teams. She has won all eight Fed Cup matches she’s played this season — six singles and two doubles. Vandeweghe is the first player to win eight matches since the current eight-team World Group format was introduced in 2005.“I had a great time out there,” Vandeweghe said. “I really relished in that moment of having the crowd against me and firing myself up and believing in myself.”The 25-year-old Vandeweghe is also the first player to win the maximum six Fed Cup singles in a year since Petra Kvitova for the Czech Republic in 2011.Stephens has lost six matches since winning the U.S. Open in September. She lost both singles matches here in Minsk, including to Sabalenka on Saturday.Stephens served for the match against Sasnovich at 5-3 in the third set, but was unable to clinch the title for the United States. It took Sasnovich two attempts, at 6-5 and 7-6 in the third set, to serve out the match.Sabalenka had an opportunity to take an early lead against Vandeweghe when leading 5-4 but failed to take advantage of a set point on Vandeweghe’s serve in the 10th game.Sabalenka led 4-1 in the tiebreaker but surrendered her lead to a more measured Vandeweghe, who clinched the first set when the Belarussian blasted a forehand wide while going for a winner.Vandeweghe then jumped out to a 5-0 lead before Sabalenka won her only game of the second set.“I know she was going to keep swinging,” Vandeweghe said. “I know what I had to do and knew what I expected she would do. I just kept the pressure on.” Read Next MOST READ Kammuri turning to super typhoon less likely but possible — Pagasa Don’t miss out on the latest news and information. QC cops nab robbery gang leader, cohort Japan ex-PM Nakasone who boosted ties with US dies at 101 Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles01:15SC chief Peralta wants US-Marshall patterned security for PH judges01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games United States’ team celebrates during the awarding ceremony after winning the Fed Cup final match between Belarus and USA, in Minsk, Belarus, Sunday, Nov.12, 2017. United States defeated Belarus 3-2 and gained the Fed Cup title. (AP Photo/Sergei Grits)MINSK, Belarus — A 17-year championship drought came to an end Sunday for the United States when it beat Belarus 3-2 to take its 18th Fed Cup title.CoCo Vandeweghe and Shelby Rogers defeated Aryna Sabalenka and Aliaksandra Sasnovich 6-3, 7-6 (3) in the deciding doubles of the 2017 final. It was the first Fed Cup title for the U.S. since 2000.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMClast_img read more