Day: January 10, 2018

Interest rates shoot higher amid worries the central bank easy money party is over – CNBC

“For what has been a very low volatility market, this is a big day,” said Rieder. The 10-year was at 2.54 percent in late trading.

While still down the road, moves to limit easing would put both of those central banks closer to the time when they begin to adjust interest rates to more normal levels. The Bank of Japan Tuesday bought fewer longer duration bonds than it has been purchasing, sparking the speculation its program is coming to an end. However, strategists said the changes could be more technical than an indication the central bank is about to change course.

In what was a sizzling move for the Treasury market, the 10-year yield zipped higher Tuesday amid talk that the Bank of Japan could finally be ready to wind down its easy policies. The 10-year yield broke above the key 2.50 percent level and was trading as high as 2.55 percent, the highest since March.

Mark Cabana, head of U.S. short rate strategy at Bank of America Merrill Lynch said there were other factors that impacted yields Tuesday. “We also had China come out and suggest they’re going to stop relying on a counter cyclical factor in their fixing of the yuan. On net, that means China needs to rely less on intervention in order to support the yuan and that would mean on net, less U.S. dollars and less U.S. dollar investment,” like Treasurys, said Cabana.

“I have argued the Bank of Japan and ECB set long end interest rates in this county as much as the Fed does. Our long end interest rates can move higher. I think the 10-year Treasury is going to hit significantly higher interest rates than they are now,” said Rick Rieder, global chief investment officer, fixed income at BlackRock. “We think the 10-year this year is going to 3 percent. I still hold to that.”

“I think it started with Japan. Obviously, they’re not making any huge shifts in their monetary policy, but this is a movement in that direction of removing some of the accommodation. It’s taken global central banks many years to build this up. It’s not going to be removed very quickly. Nonethess, it’s going to put upward pressure on rates,” said Charlie Ripley, senior investment strategist for Allianz Investment Management.

Cabana said Tuesday’s move was significant but whether it indicates a turn in the market is yet to be seen. “It’s too soon to tell. The fact we have broken above 2.50 clearly is certainly something we”ve not done for almost a year and it very well may be leading to higher overall levels of rates,” he said.

Strategists said as the market fixated on the Bank of Japan, the European Central Bank was also a focus. The ECB cut its bond buying in half as of last week, and there is increasing speculation it could cut back altogether before the end of the year. Both central banks are well behind the Fed which has already raised interest rates five times and has been unwinding its balance sheet.

Major Tallahassee projects in the works for 2018 – WTXL ABC 27

“Every day that you drive around Tallahassee or walk through your neighborhood, you’re going to see change and change is a good thing,” said Revell. “When a community is building, you’re progressing. That’s really been the reason that Tallahassee is now the state’s leader in economic growth. Tallahassee has the fastest growing GDP per capita of any community in the state of Florida.”

But its not just one sector seeing growth. There’s new student housing, residential apartments, retail, and restaurants. Revell says developers are looking for opportunities all over town.

The Cascades Project is expected to break ground this year, with the goal of opening in Summer 2019. It’s just one of the dozens of projects in the works. 

One project nearing the finish line: the new Hampton Inn and Suites.

There’s also the Cascades Project.

Jay Revell, the vice president of the Greater Tallahassee Chamber of Commerce, says 2018 will be the Capital City’s biggest year yet.

Brick by brick, dollar by dollar, Tallahassee is expanding.

New housing, restaurants, retail and office space, even a hotel, right new Cascades Park. Developers say it could generate more than a million dollars in new tax revenue in its first year alone.

TALLAHASSEE, Fla. (WTXL) – You’ll notice big changes to Tallahassee’s skyline in 2018. Some major projects are in the works, and some are already underway.

Proud Marcus Mariota says protege Tua Tagovailoa deserves all the credit –

“It’s nice to see someone like him continue to carry the torch from back home,” said Mariota, who sent Tagovailoa a congratulatory text message Monday night. “He’s got a bright future and I wish him nothing but the best.”

It has been a great January already for Hawaiian quarterbacks Tagovailoa, Mariota and UCF’s McKenzie Milton. All three went to Saint Louis High School in Honolulu and led their current teams to big wins thanks to their performances.

Mariota, in typical Mariota fashion, refused to take credit: “He’s done it all himself. Where he gets his humility is from his family. How he carries himself is from where we grew up. I hope he uses this as motivation to continue to get better and see how far he can take it.”

Mariota began taking Tagovailoa under his wing in fourth grade, showing him some quarterback tips and even taking him to get food after practices. Tagovailoa followed Mariota in attending Saint Louis High School. The 19-year-old lefty QB also had dreams to attend Oregon like Mariota, but set his heart on Alabama when the Ducks took too long to show interest.

Tagovailoa has already earned a “little Mariota” label or drawn Russell Wilson comparisons due to his dual-threat ability, even-keeled demeanor and incredible humility off the field. Tagovailoa showed some of the moxie that Mariota displayed in his 22-21 comeback victory over the Kansas City Chiefs in the wild-card playoff game last week.

Arsène Wenger still riled by Eden Hazard penalty but has to revive Arsenal – The Guardian

Up in the gods, Wenger will hope a combination of his defence and – if necessary – the officials can subdue Hazard this time. It will be tough viewing from afar but perhaps he will keep good company. When he took that unsatisfactory vantage point 11 months ago, he was wrong-footed to find himself sitting next to his own gardener. An embarrassed Wenger had failed to recognise him; in the event of a repeat arrangement he might feel tempted to ask whether, just this once, everything could come up smelling of roses.

In a week when two of his counterparts have been unable to let sleeping dogs lie, something is still biting away at Arsène Wenger too. The injustice he feels at the penalty awarded to Eden Hazard during Arsenal’s 2-2 draw with Chelsea last Wednesday has not yet faded and, when the pair meet again in Wednesday’s League Cup semi-final first leg, any repeat of a decision he called “farcical” would risk something akin to spontaneous combustion high in the Stamford Bridge stands.

Another objective view is that it was a clear penalty and that, Hazard’s overreaction notwithstanding, Wenger’s energy is misdirected on a call nowhere near as egregious as that taken by Mike Dean at The Hawthorns. Yet it is the latter that has cost him his place in the dugout and, as he watches his team battle to retain their only chance of a domestic trophy, there will be familiar feelings of helplessness.

“If he was so injured why did he take the penalty? He made more of it, [like a] professional, basically, and shouts. I can understand that. I do not blame Hazard. He acted in a very professional way to get the penalty for his team, which he did well.”

“Nobody has won the FA Cup more than I did but still it is [seen as] an absolute disaster,” he said of the 4-2 defeat. “Get somebody to win it more and then I say, ‘OK, well done.’ But nobody in the whole history of English football won it more, so I always took the competition in a serious way. I am unhappy to go out, of course, but you must accept as well that there’s no guarantee you will win it every year.”

That is where Wenger will spend the match, as a continuing legacy of his similarly outraged reaction to West Bromwich Albion’s spot-kick on 31 December but he is not yet ready to view what he saw as a dive from Hazard at a remove. Initially misunderstanding a question about Antonio Conte’s claim that it was his “way” to query referees, he ended up inadvertently agreeing with the Chelsea manager while airing his grievances about Hazard again.

“I will try to find a different place,” he said of Wednesday evening’s seating plan and he will hope the same can be said of his players, too. Wenger was rattled by Arsenal’s lifeless FA Cup surrender at Nottingham Forest on Sunday, describing himself as “very disappointed with some individual performances”.

Wenger’s next segue, though, told more about what is at stake over these two legs. His argument was unfashionable but compelling: the cups will grow in significance because, with so much money around and only one title winner, tangible reward becomes increasingly precious.

The theory holds some weight, although it would require a recalibration of what, nowadays, is popularly defined as success for the top six clubs. For Arsenal anything will do at this stage and their recent attacking performances, certainly at home, suggest a return to their best cup form is not beyond them. The difficulty is that it would take supreme confidence to predict the makeup of Wenger’s squad for the rematch a fortnight from now: his eyes offered less confidence than his words when he said there had been no contact with Manchester City over Alexis Sánchez, a counterproductive presence this season whose future will be resolved if a £20m offer is accepted. Squad players like Francis Coquelin, Mohamed Elneny and even Theo Walcott could also move on; Arsenal can damage Chelsea but not if a team in flux has a significant first-leg deficit to claw back.

‘It’s falling apart’: Waldorf asks for $2M for water treatment overhaul – Mankato Free Press

Waldorf has steadily raised water and sewer rates for the past few years in anticipation of paying for major fixes. The city has raised about $10.7 million in grants and loans, but local officials hope the Legislature approves about $1.2 million in project funding and another $775,000 to offset high utilities costs as a result of the loans the city will pay.

Sen. Julie Rosen, R-Vernon Center, says she’s concerned stringent MPCA requirements are causing too much havoc on the city’s older population, many of which she estimates are likely on fixed incomes.

The town’s infrastructure was built at a time when stormwater, wastewater and sewer systems were connected — something most cities have since divided out.

“I give a lot of credit to Waldorf for taking on this responsibility and thinking very aggressively about what their contribution is,” Rosen said. “A lot of communities don’t have that.”

The treatment plant is so bad, the Minnesota Pollution Control Agency warns the city of slightly more than 200 residents could face monthly penalties if local officials can’t completely overhaul its system soon.

Rosen believes Waldorf “has done absolutely everything they can” and hopes lawmakers will agree to provide funding for the city.

“It’s falling apart,” he said. “Literally.”

Concrete is peeling off of the walls. A concrete beam supporting part of the wastewater facility collapsed three years ago. Pipes are corroding. The plant’s original equipment, including its sludge pump and valves, are failing at a rapid pace. 

Stan Lee: Marvel comic book legend accused of sexual harassment – The Independent

The same representative also said the owner of the company talked to Lee directly.

The company ceased working for him at the end of 2016.

Lee’s wife of 69 years passed away in 2017 at 93-years-old.

According to a representative from the nursing company, many of the nurses have complained about Lee.

The 95-year-old has been accused of groping and harassing his nurses.

Because of these claims, the nursing company is in a legal dispute with Lee, although it is understood no legal claim has been filed.

A representative for the new nursing company caring for Lee said he has been “polite, kind and respectful” to the nurses.

Lee’s lawyer has responded to the allegations in a statement saying,“Mr. Lee categorically denies these false and despicable allegations and he fully intends to fight to protect his stellar good name and impeccable character. We are not aware of anyone filing a civil action, or reporting these issues to the police, which for any genuine claim would be the more appropriate way for it to be handled. Instead, Mr. Lee has received demands to pay money and threats that if he does not do so, the accuser will go to the media. Mr. Lee will not be extorted or blackmailed, and will pay no money to anyone because he has done absolutely nothing wrong.”