Rock start – Link Wray Legend http://linkwraylegend.com/ Wed, 03 Nov 2021 13:16:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://linkwraylegend.com/wp-content/uploads/2021/10/icon-18-120x120.png Rock start – Link Wray Legend http://linkwraylegend.com/ 32 32 A turning point for books – How Booksy grew from a small startup to 13 million customers https://linkwraylegend.com/a-turning-point-for-books-how-booksy-grew-from-a-small-startup-to-13-million-customers/ https://linkwraylegend.com/a-turning-point-for-books-how-booksy-grew-from-a-small-startup-to-13-million-customers/#respond Wed, 03 Nov 2021 06:36:00 +0000 https://linkwraylegend.com/a-turning-point-for-books-how-booksy-grew-from-a-small-startup-to-13-million-customers/ The world of business and commerce was turned upside down in March 2020 when the COVID-19 pandemic sent employees home and shut down many businesses – some, unfortunately, for good. While you’d be forgiven for thinking everything was pessimistic, a few innovative brands have managed to not only survive, but thrive positively during what has […]]]>

The world of business and commerce was turned upside down in March 2020 when the COVID-19 pandemic sent employees home and shut down many businesses – some, unfortunately, for good. While you’d be forgiven for thinking everything was pessimistic, a few innovative brands have managed to not only survive, but thrive positively during what has been one of the darkest days for business in most of our lives. . One of these companies is based in Chicago Booksy.

At the antipodes of innovation

Founded in 2014 by Polish entrepreneurs Stefan Batory and Konrad Howard, Booksy is an appointment scheduling and management system created for the hairdressing and beauty industry. The platform and app simplify appointment scheduling by allowing customers to quickly and easily make and manage appointments through a mobile phone app. The platform also offers unique and innovative features to salon owners, including salon management, staff coordination, sales and marketing, as well as payment and prepayment, all through the app and the Booksy’s user-friendly interface. The founders of Booksy claim that using the software increases appointment frequency by 20%, providing a much-needed boost to besieged salons.

Small acorns

In just seven short years, Booksy has grown stratospheric and now has 13 million customers in several countries, including the US, UK, Poland, Spain, Brazil and South Africa. Stefan Batory explains how it all started: “I needed to set aside time with my massage therapist, but I was trying to reach him after my long runs, which usually happened in the middle of the night. Being CEO, husband, dad, and runner meant I got creative when running – usually after midnight. My therapist would answer me in the middle of the morning, when I was in a back-to-back meeting. This phone and text tag went on for several days and I still couldn’t get in to see it. Through all of this back and forth, I realized there had to be a better way to make an appointment. We do most of the rest of our life online, so why can’t we make appointments for things like stylists, massage therapists, nails… any personal care activity the same? “

It seems that many of Booksy’s customers can relate to Batory’s ideology, as figures show 38% of its customers now make appointments outside of normal working hours.

Pay more than lip service

As Booksy progresses, even a global pandemic cannot stop its progress and the dynamic duo recently raised a staggering $ 119 million Series C funding from Cat Rock Capital and Sprints Capital (with participation from OpenOcean, Piton Capital , VNV Global, Enem, Kai Hansen, Zach Coelius and Manta Ray Ventures). Batory said: “As with many sectors negatively affected by the pandemic, the beauty and wellness industry has had a turbulent time, but we are confident in its ability to come out of it, so it’s fantastic to seeing our latest group of investors share our optimism and our vision. “

This new global funding will allow Booksy to reach new heights – and new territories, including North America, as well as expand the business into new verticals and complementary businesses. Commenting on the collaboration, Cat Rock Capital Founder and Managing Partner Alex Captain said, “We are extremely excited to invest in Booksy as it creates the world’s leading software platform to digitize the world. beauty and wellness industry in the world. Based in Greenwich, London, Cat Rock Capital is a leading provider of investment advisory and portfolio management services.

Make connections

This new round of investment is the latest in a series of triumphs for Booksy. In 2018, the brand acquired one of its main competitors, Lavito, a service reservation platform. Additionally, in 2020, Booksy crossed the Mexican border through a merger with Tempe-based service and management platform, Versum. Booksy’s new investments and collaborative efforts have seen the brand take a lead over competitors such as U.S.-based Treatwell, Vagaro, Mindbody and Styleseat. Co-founder and partner of Piton Capital, Andrin Bachmann said of the new investment: “We are delighted to support Stefan and the whole team at Booksy once again. They are starting to see the benefits of a strong network effect, and we believe they have the opportunity to create the first SaaS-enabled marketplace in the beauty industry in the US and beyond.

Look to the future now – it’s only just beginning

While, for now, the founders of Booksy remain tight-lipped on any new projects for 2022, the company’s upward trajectory shows no signs of slowing down, and we will be following this success story closely as we move into the New Year. .


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Here’s when 93.9 LITE FM will start playing Christmas music in the Chicago area – NBC Chicago https://linkwraylegend.com/heres-when-93-9-lite-fm-will-start-playing-christmas-music-in-the-chicago-area-nbc-chicago/ https://linkwraylegend.com/heres-when-93-9-lite-fm-will-start-playing-christmas-music-in-the-chicago-area-nbc-chicago/#respond Tue, 02 Nov 2021 15:52:20 +0000 https://linkwraylegend.com/heres-when-93-9-lite-fm-will-start-playing-christmas-music-in-the-chicago-area-nbc-chicago/ The most wonderful time of the year begins even earlier this year. A local Chicago radio station will begin broadcasting Christmas music nonstop ahead of the holiday season this week. Chicago’s 93.9 LITE FM will air on vacation starting at 4:05 p.m. Wednesday. The station will continue to broadcast festive music until the end of […]]]>

The most wonderful time of the year begins even earlier this year.

A local Chicago radio station will begin broadcasting Christmas music nonstop ahead of the holiday season this week.

Chicago’s 93.9 LITE FM will air on vacation starting at 4:05 p.m. Wednesday. The station will continue to broadcast festive music until the end of the year.

In 2020, 93.9 began playing holiday music non-stop on November 6 to spread holiday cheer during the pandemic.

“This year marks our 21st celebration as Chicago’s Christmas music station,”
Mick Lee, 93.9 LITE FM program director and host of the afternoon show, said in a statement. “93.9 LITE FM is ready to spread holiday cheer, joy and hope across Chicagoland by playing everyone’s favorite Christmas tunes. “

The station will host a celebratory music flip on Wednesday afternoon, with hosts Melissa Forman, Robin Rock and Lee hosting a two-hour commercial-free show starting at 4 p.m.

“I’m so proud of the 21-year 93.9 LITE FM vacation tradition,” Matt Scarano,
president of iHeartMedia Chicago, said in a statement. “93.9 LITE FM is sharing one of the best gifts of the season with our listeners as a Chicago Christmas music station. “


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Tech talk: a great start to November, cooler weather to come this week! | Technical discussion https://linkwraylegend.com/tech-talk-a-great-start-to-november-cooler-weather-to-come-this-week-technical-discussion/ https://linkwraylegend.com/tech-talk-a-great-start-to-november-cooler-weather-to-come-this-week-technical-discussion/#respond Mon, 01 Nov 2021 16:22:40 +0000 https://linkwraylegend.com/tech-talk-a-great-start-to-november-cooler-weather-to-come-this-week-technical-discussion/ START OF THE WEEK… It’s a beautiful day out! By noon we are already 60 degrees in the Harford area with blue skies all around the state and the northwest winds will keep us sunny and dry. It will be one of the hottest days that we have had in quite some time. A cold […]]]>

START OF THE WEEK…

It’s a beautiful day out! By noon we are already 60 degrees in the Harford area with blue skies all around the state and the northwest winds will keep us sunny and dry. It will be one of the hottest days that we have had in quite some time. A cold front will melt tomorrow resulting in isolated showers, especially in the hills to the northwest. The bottom tomorrow will be visibly cooler. Cloud cover will make the mid-1950s afternoon a bit cool compared to the recent heat.

The morning low drops again on Wednesday. This could be the first frost for much of Connecticut. Fortunately, we will have sun in the afternoon. It will be a cool, seasonal day with temperatures ranging from the low to mid 50s.

THURSDAY FRIDAY

We will be in a longwave trough that will deflect moisture from the ocean for most of the forecast. The only exception could be Friday. Showers at higher elevations will be possible on Thursday, but most of us will only see partly sunny skies. It should be noted that flakes can be seen in some of these downpours from Litchfield.

Friday looks to be partly cloudy at this point as calm weather continues, and that lasts until the weekend! A surface anticyclone is expected to spread on Saturday and Sunday and ensure mostly dry conditions. Saturday will be partly sunny and Sunday should be mostly clear. Temperatures will be constant from the low 30s to the mid 50s. It depends on how much sun we see.

Meteorologist Connor Lewis with Scot Haney and Lorin Richardson

———————————

OUR RECENT STORM …

The mighty Nor’easter produced a lot of wind and rain. A gust of 70 mph was measured at the US Coast Guard Academy in New London. The instrument sits on a jetty in the Thames adjacent to the campus, on Jacobs Rock. There was a 64 mph gust over the Stonington Outer Breakwater and a 62 mph gust over New London Ledge. During this time, the wind was even stronger in eastern Massachusetts, as well as on Cape Cod and the Islands. The strongest reported gust was 94 mph at Edgartown, and there was a gust of 82 mph at Wellfleet!

Precipitation ranged from 2 “to 5.5” over much of Connecticut. Southwest Connecticut had the most. The highest precipitation ratio was 5.41 “at Wilton and 5.08” was measured at Ridgefield. During this time we received reports of 2.27 “in Wethersfield and 1.88” in Staffordville.

“Copyright 2021 WFSB (Meredith Corporation). All rights reserved”

Copyright 2021 WFSB (Meredith Corporation). All rights reserved


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Start spreading the news – the Knicks fixed their offensive issues https://linkwraylegend.com/start-spreading-the-news-the-knicks-fixed-their-offensive-issues/ https://linkwraylegend.com/start-spreading-the-news-the-knicks-fixed-their-offensive-issues/#respond Sun, 31 Oct 2021 15:58:54 +0000 https://linkwraylegend.com/start-spreading-the-news-the-knicks-fixed-their-offensive-issues/ Let’s face it, no one saw this coming from the Knicks, right? Even when they surprised everyone and made the playoffs a year ago. Even when they took the field advantage in the first round of the playoffs. They have exceeded all expectations, and they are starting again to start the 2021-22 NBA season. Powered […]]]>

Let’s face it, no one saw this coming from the Knicks, right?

Even when they surprised everyone and made the playoffs a year ago. Even when they took the field advantage in the first round of the playoffs.

They have exceeded all expectations, and they are starting again to start the 2021-22 NBA season.

Powered by a stingy defense – with a defensive rating of 107.8, good for the league’s fourth-best last season – the Knicks worked their way to victory, adopting an old-fashioned mindset to maintain their opponents under 100 points 24 times. They got used to winning rock fighting type games, but often struggled whenever they found themselves in a high scoring affair.

In the 24 games they played against opponents under 100 points, New York was 20-4. In 21 games where he allowed 110 or more points, his record dropped drastically from 7-14.

Randle’s breakout season propelled his offense through a few problems, averaging 24.1 points, 6.0 assists and 2.3 to 3 points per game while shooting 41.1 percent from deep. Other than him, it was RJ Barrett (17.6 PPG) and Derrick Rose (14.9 PPG) who scored the majority of points, with players like Alec Burks, Immanuel Quickley, Reggie Bullock and Elfrid Payton all in double digits. , although less than 13 points per game each.

The Knicks’ inability to score was revealed in the playoffs once Randle turned freezing, posting just 18.0 points per game on a horrific 29.8 percent shot from the field. Rose has become a primary scoring option with Barrett and Burks also stepping up, but New York’s best-known issue was exposed by the Atlanta Hawks in a first-round outing in just five games.

(NBA Getty Images)

New York was expected to rely heavily on defense again to be successful this season, a notion common to teams coached by Thibodeau. And while it’s only been six games, it hasn’t been this season.

With goalscorers and playmakers high on their wishlist this offseason, the Knicks came out and got All-Star goalie Kemba Walker four times and a nifty bucket-getter to Evan Fournier to try and help solve. their problems. And at this early stage of the season, it pays off.

They went from the league’s 22nd attacking last season to the league’s second-best attacking this season with an offensive rating of 114.5.

Again, it’s not even 10 games, but we should go all the way back to 2012-13 to find the last time the Knicks had a top-five offense in the league.

Randle has proven all skeptics wrong, maintaining his offensive numbers from last year to 20.8 points, 6.5 assists and 1.8 threes per game. He’s had more help at that end of the floor this year, with Fournier and Walker having an immediate impact averaging 17.5 and 15.0 points per game respectively.

As a result, Barrett’s field goal attempts fell to 13.2 per game, but he still averages 17.2 points, while Rose still thrives in a sixth man role, averaging 12.3 points. per game.

The biggest difference was their 3-point shot, averaging 16.7 trebles per game at the top of the league. Last season, they were among the bottom 10 in the league in 3 points per game, averaging just 11.8 points in depth.

Walker and Fournier increased this number, on average more than 3.5 long bales. With Rose, Randle, Barrett and Burks all converting over 1.5-3 points per game, the Knicks have relied on 3-point shooting as their primary source of offense. There is no better proof than breaking a franchise record of 24 3 in their second game of the season in a win over the Orlando Magic.

New York’s defense hasn’t been as strong as last year so far with a defensive rating of 108.0, who ranks 21st in the league as of this writing. But it is surely far from their worries, because it seems that they have found an answer to their biggest problem. They already have one of the best records in the NBA, but once the defense starts to click, be careful.


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Arsenal: Pundits praise Mikel Arteta for turning Gunners’ dismal start to season https://linkwraylegend.com/arsenal-pundits-praise-mikel-arteta-for-turning-gunners-dismal-start-to-season/ https://linkwraylegend.com/arsenal-pundits-praise-mikel-arteta-for-turning-gunners-dismal-start-to-season/#respond Sat, 30 Oct 2021 14:59:28 +0000 https://linkwraylegend.com/arsenal-pundits-praise-mikel-arteta-for-turning-gunners-dismal-start-to-season/ Emile Heskey is full of praise for Mikel Arteta for “sticking to his guns” and turning Arsenal’s dismal start to the campaign, while Martin Keown calls their win over Leicester “the best performance at the outside of the season “ Mikel Arteta praised for ‘sticking to his guns’ with Arsenal this season Gunners boss has […]]]>

Emile Heskey is full of praise for Mikel Arteta for “sticking to his guns” and turning Arsenal’s dismal start to the campaign, while Martin Keown calls their win over Leicester “the best performance at the outside of the season “

  • Mikel Arteta praised for ‘sticking to his guns’ with Arsenal this season
  • Gunners boss has been heavily criticized for his squad’s slow start
  • However, Arteta has managed to turn the tide for Arsenal in recent months.
  • Saturday’s win over the Foxes was hailed by Emile Heskey and Martin Keown
  • Keown called the Gunners’ 2-0 win the best away performance this season











Emile Heskey and Martin Keown praised Mikel Arteta for “sticking to his guns and his philosophy” after Arsenal’s impressive 2-0 win over Leicester on Saturday.

Arteta has come under heavy criticism after the first three games which saw the Gunners entrenched at the bottom of the table after three straight losses.

However, after beating Norwich, Burnley and rivals Tottenham, Arsenal got the campaign back on track and their latest win over the Foxes saw them climb to fifth in the table.

Mikel Arteta praised for ‘sticking to his guns’ and reversing Arsenal’s slow start

Emile Heskey (pictured) praised Arteta

Martin Keown called the Gunners' 2-0 win the best away performance this season

Saturday’s win over the Foxes was hailed by Emile Heskey (left) and Martin Keown (right)

Such a turnaround after hitting rock bottom saw Arteta rightly receive praise, with Keown insisting his former club now look “really solid”.

And while the results were positive, Heskey applauded Arteta for not straying from his footballing philosophy and believing in himself.

“He’s stuck with his guns, his philosophy and it’s paying off now,” Heskey told BT Sport after Arsenal’s 2-0 win at King Power.

“A lot of people said the players were coming in pretty well, but if you give them the chance, when you have the manager’s backing, you are confident and can play.”

Keown pointed to the slow start of Arsenal and insisted that a result like that against the Foxes was ahead, with the Sportsmail columnist describing the win as their “best away performance of the season so far. now”.

Arsenal's victory over Leicester has been called

Arsenal’s win over Leicester called “best away performance of the season”

“They lost their first 3 games and looked really poor, now they look really solid,” Keown added.

“It’s coming, last week was their best performance of the season. It was their best away performance of the season for me hands down. It’s about building on that now, how the players are handling it.

“I think it helps, you look at their opponents today, Leicester play a lot more football in Europe. Now is the right time for Arteta to work on the training ground.

Arsenal have emerged from the traps of King Power Stadium, taking a two-goal lead in 18 minutes thanks to Brazilian center Gabriel Magalhaes and live wire Emile Smith Rowe.

Gabriel (right) gave Arsenal a superb start as he returned home to a corner near the post

Gabriel (right) gave Arsenal a superb start as he returned home to a corner near the post

Leicester grew into the game after their arduous start and had several chances to get back into the game before half-time, only to find Gunners keeper Ramsdale in inspired form.

Ramsdale’s jump to prevent James Maddison’s free-kick just before half-time was a contender for the stoppage of the season, as he spectacularly recovered the ball to keep it from flying into the top corner.

After the break Leicester continued to create chances which on another day would have been converted but Ramsdale refused to be beaten, knocking his side down on numerous occasions to secure a vital victory on Arsenal’s path to recovery .

Emile Smith Rowe doubled Arsenal's advantage in just the 18th minute with a clean strike

Emile Smith Rowe doubled Arsenal’s advantage in just the 18th minute with a clean strike

Smith Rowe (left) celebrates after giving Arsenal a 2-0 lead and accumulating points

Smith Rowe (left) celebrates after giving Arsenal a 2-0 lead and accumulating points

A seventh win in their unbeaten streak of nine means Arsenal have passed Leicester who drop to 10th place as their inconsistent form this quarter hurts them.

“It’s a superb away result against a top team,” Ramsdale told BT Sport. “We started very well and scored two good goals.

“Fortunately, it was one of those afternoons I contributed to. We should have had some cleaner linens (this season) but I’m happy with this one.

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Will these Texas Longhorns start making winning plays at Baylor? https://linkwraylegend.com/will-these-texas-longhorns-start-making-winning-plays-at-baylor/ https://linkwraylegend.com/will-these-texas-longhorns-start-making-winning-plays-at-baylor/#respond Fri, 29 Oct 2021 11:00:29 +0000 https://linkwraylegend.com/will-these-texas-longhorns-start-making-winning-plays-at-baylor/ All that talk about the Texas psyche, the close team mentality, the rock climbing videos and if Baylor Stadium is tough, it’s really crazy. From a motivational standpoint, there are three of these scams. Out of 10. And there will also be no revisionist history, massage or editing of this answer. This weekend, it’s simple. […]]]>



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Barcelona sack coach Koeman after poor start to season https://linkwraylegend.com/barcelona-sack-coach-koeman-after-poor-start-to-season/ https://linkwraylegend.com/barcelona-sack-coach-koeman-after-poor-start-to-season/#respond Thu, 28 Oct 2021 11:06:36 +0000 https://linkwraylegend.com/barcelona-sack-coach-koeman-after-poor-start-to-season/ Barcelona head coach Ronald Koeman returns to the tunnel at half-time during a Spanish La Liga soccer match between Rayo Vallecano and FC Barcelona at Vallecas stadium in Madrid, Spain on Wednesday October 27 2021. (AP Photo / Manu Fernandez) Manu Fernandez PA MADRID After another poor performance and yet another loss, Ronald Koeman couldn’t […]]]>

title=

Barcelona head coach Ronald Koeman returns to the tunnel at half-time during a Spanish La Liga soccer match between Rayo Vallecano and FC Barcelona at Vallecas stadium in Madrid, Spain on Wednesday October 27 2021. (AP Photo / Manu Fernandez)

PA

After another poor performance and yet another loss, Ronald Koeman couldn’t hang on any longer as Barcelona coach.

It took less than three months after Lionel Messi left for Koeman to finally succumb as the pressure kept mounting and the Catalan club’s struggles continued.

Barcelona announced Koeman’s sacking shortly after the team’s 1-0 loss to Rayo Vallecano in the Spanish league on Wednesday.

The loss follows a 2-1 home loss to Real Madrid in the “clásico” at the Camp Nou stadium on Sunday.

Koeman had said in a post-game interview on Wednesday that he was unsure if his future with the club was in danger. He quickly discovered it. Club president Joan Laporta informed the Dutch coach of his decision after the loss.

Captain Sergio Busquets had said Koeman shouldn’t be the one to blame for the team’s poor performance.

“We’re all on the same boat,” the midfielder said after the game, before the decision on Koeman was announced.

Koeman has come under constant pressure after a poor start to the team’s first season without Messi in nearly two decades. The Argentine star joined Paris Saint-Germain in August.

Barcelona have said Koeman “will say goodbye to the team on Thursday”.

Koeman leaves with the club in ninth place in the Spanish league table with 15 points from 10 matches.

Among the team’s five losses this season have been 3-0 Champions League results against Bayern Munich at home and at Benfica.

The loss to Rayo marked the team’s fifth away game without a win, something that hadn’t happened at the club in almost two decades.

Barcelona have won five matches and drawn three this season under the leadership of the Dutch coach who took over shortly after the team’s embarrassing 8-2 loss to Bayern in the Champions League of the Year last. His only title with the Catalan club was last season’s Copa del Rey.

In total, Koeman has coached Barcelona in 67 appearances in his 15 months at the helm, with 39 wins, 16 losses and 12 draws.

Barcelona last season finished third in the Spanish league and were knocked out by PSG in the Champions League quarter-finals.

Koeman had publicly disagreed with Laporta, although the club have recently expressed support for the coach, including after being harassed by a small group of fans outside the stadium after the home loss to Madrid at the weekend -end last.

Koeman had also upset some of his players after saying Barcelona would not realistically compete against each other this season as they continue to face serious financial difficulties.

The club also lost Antoine Griezmann to Atlético Madrid and relied mostly on hastily promoted youngsters in their youth squads.

The coach has reportedly agreed to let striker Luis Suárez leave after his arrival in a bid to help the team financially. Suárez went on to help Atlético win the league title last season.

A replacement for Koeman was not immediately announced, but Spanish media reported that former player Xavi Hernández was the favorite to take over.

The team’s next match will take place on Saturday at home against Alavés, threatened with relegation, in the Spanish league.


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Financial markets should start preparing for a less accommodative Fed https://linkwraylegend.com/financial-markets-should-start-preparing-for-a-less-accommodative-fed/ https://linkwraylegend.com/financial-markets-should-start-preparing-for-a-less-accommodative-fed/#respond Wed, 27 Oct 2021 08:43:37 +0000 https://linkwraylegend.com/financial-markets-should-start-preparing-for-a-less-accommodative-fed/ Could investors already sense that the Federal Reserve – America’s all-powerful central bank – is changing its tone? Since the 2008 financial crisis, the Fed has consistently cut interest rates and purchased various US government debt instruments in an effort to support the US and global economy. And this is being done even more clearly […]]]>

Could investors already sense that the Federal Reserve – America’s all-powerful central bank – is changing its tone?

Since the 2008 financial crisis, the Fed has consistently cut interest rates and purchased various US government debt instruments in an effort to support the US and global economy. And this is being done even more clearly to deal with the fallout from the Covid-19 pandemic.

Under the leadership of current President Jerome Powell, the bank is arguably pursuing the most accommodating policy in its history.

Bond yields soar as expected rate hike looms

But the recent rise in interest rates may have sent the penny down as some investors realize that the era of essentially free money – caused by interest rates close to zero – is drawing to a close.

What should hold our attention is not the size of the rise that pushed the 10-year US Treasury yield back to 1.5% at the end of September. These are the underlying reasons for the hike and how it materialized.

The surge in the 10-year Treasury yield, which largely determines the rates at which businesses and households can borrow, has been pretty sharp. A close examination of this change tells us that it is not the result of inflation concerns alone, but also – and more broadly – of investor expectations about the normalization of Fed policy.

Thus, the surge in yields that we have just witnessed reflects much more than the issue of rising prices. It can even turn out to be a real inflection point.

For now, many investors still believe the recent upward movement in prices will be short-lived, a view in line with current Fed language. But things are likely to change soon.

To begin with, the reasons for assuming that we are in a more prolonged inflation cycle are increasingly discernible. Rents and wages are on the rise, just as uncertainty grows over the impact of rising energy prices. Moreover, the categorical claim that the US economy is too dependent on low interest rates for the Fed to raise policy rates is probably overstated.

Industry argues stagflation fears based on abuse of language

Optimistic messaging

Certainly, an apparent limitation on how far the Fed can go is that debt has reached disproportionate levels across the board. Neither the United States nor the rest of the world seem to have the means to resist significantly and durably higher interest rates.

However, an analysis of developments over the past decade reveals that the increase in US debt is mainly linked to public sector borrowing, and very little to household and corporate borrowing.

It is highly unlikely that the federal government will default due to a sharp hike in interest rates, at least as long as Republicans and Democrats can agree on the debt ceiling as they did by the pass.

At the same time, the current environment is good news for American businesses and households. GDP growth is expected to continue to support corporate income, and even if it slows, it is still expected to far exceed the potential growth rate of the economy. Households will in turn benefit from higher wages and a wealth effect reinforced by rising house prices and a booming stock market. In addition, savings have accumulated to nearly 11% of US GDP today, placing them well above their historical average. Consumers therefore have good reasons to spend their money.

On the other hand, several concerns could push the Fed to act.

The first is that the country is facing a complicated situation that could be described as “slowflation or stagflation 2.0”, ie weaker growth accompanied by higher inflation expectations. It is therefore quite difficult to determine what would be the optimal monetary policy. US monetary policy makers need to reassure everyone about inflation, but without questioning the current growth momentum. A more sustainable inflation cycle, however, is the kind of thing that could strain the Fed’s hand.

All of this comes at a time of wondering who will succeed Jerome Powell and the two large-scale budget bills the Biden administration is hoping to pass ahead of the midterm elections. The two issues could also give financial markets a bumpy ride and force the US central bank to take a tougher stance.

The Fed’s message is still rather optimistic and the confidence of American investors in the institution has clearly never been so strong. But even so, the Federal Reserve may well adopt a less accommodative policy in the weeks or months to come. And this is something that investors should start preparing for.

Frédéric Leroux is responsible for the cross-asset team and manager at Carmignac


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3 reasons the Hornets are legitimate playoff contenders after a 3-1 start https://linkwraylegend.com/3-reasons-the-hornets-are-legitimate-playoff-contenders-after-a-3-1-start/ https://linkwraylegend.com/3-reasons-the-hornets-are-legitimate-playoff-contenders-after-a-3-1-start/#respond Tue, 26 Oct 2021 06:04:15 +0000 https://linkwraylegend.com/3-reasons-the-hornets-are-legitimate-playoff-contenders-after-a-3-1-start/ The Charlotte Hornets are off to a solid 3-1 start this season. They were on the verge of a 4-0 record, but the Boston Celtics managed to grab the overtime victory on Monday. Nonetheless, the first four games gave us some interesting points about the Hornets that need to be discussed. Quite simply because they […]]]>

The Charlotte Hornets are off to a solid 3-1 start this season. They were on the verge of a 4-0 record, but the Boston Celtics managed to grab the overtime victory on Monday. Nonetheless, the first four games gave us some interesting points about the Hornets that need to be discussed. Quite simply because they are the main reasons why the team can be considered as legitimate contenders this season.

Miles Bridges is a completely different player

In the first four games of the 2021-22 NBA season, Bridges is averaging 25.0 points and 8.0 rebounds. This is a major improvement from his 12.7 point and 6.0 board averages last year. Obviously there are a ton of games left to play and Bridges’ averages could normalize as the season progresses. However, in the first few games fans saw a more composed and patient version of him, at least on the offensive side of the pitch.

Prior to this year, Bridges was considered a hyper-athletic forward capable of leaping off the roof and kicking the ball with authority. He also had a three-point shot in the bag which he doesn’t hesitate to show. This season, all of those tools are still in his arsenal, but more polished than ever. It is also now more reliable in the mid-range. He won’t hesitate to stop around the free throw line or even work at the post.

Combine Bridges’ individual progress with his developing chemistry with the very confident LaMelo Ball, then you have a player who has stepped up a notch. Don’t be surprised if Bridges enters the Most Improved Player conversation or even an All-Star nod.

Reliable bench led by Ish Smith

When Smith was acquired during the offseason, he was to become that veteran locker room presence as well as a mentor for LaMelo. As such, analysts believed the Hornets needed to strengthen their bench further. LaMelo needed a stronger backup. But in the first four games so far, Smith has been a fantastic player. He is averaging 10.3 points, 2.0 rebounds and 5.7 assists.

The man is 33 years old but remains one of the fastest and most devious guards. Coach James Borrego trusted Smith so much that he was inserted into the dying minutes of their 111-95 win over the Brooklyn Nets.

Besides Smith, Cody Martin, Jalen McDaniels and PJ Washington played significant minutes for Borrego. Kelly Oubre Jr., who started in place of injured Terry Rozier, was also important to them. In the event that Rozier returns and Oubre is relegated to the bench, we should expect the latter to still have a good impact.

The making of games by Mason Plumlee

Like Smith, when the Hornets acquired Plumlee as a center, not everyone was too excited. It’s not because Plumlee is a terrible player, but some felt the team needed a center of the modern species – someone who is more mobile and has a touch of depth. Plumlee does not exactly match these descriptions. He’s the guy who likes to get dirty in the paint. He likes to get physical, crush the boards and slam the ball.

But in their first four games so far, Plumlee’s game has stood out. He’s averaged 2.7 assists so far, which is above average for a center. Statistics reveal that overtaking is indeed one of its hidden strengths. Last season he actually finished fifth in assists among centers. In the previous season, he had finished seventh. Plumlee’s passing numbers aren’t that high, but it certainly helps when you have another player who has this skill inherent.

This helps the Hornets’ smooth ball movement, which is a good reason for their good start. Plumlee, after receiving one of LaMelo’s many nifty passes, won’t always be in a rush to score. More often than not, he will always look for the best possible option. If it requires passing the boulder, then it will.

Anthony Edwards, Timberwolves


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China to start immunizing children up to age 3 as cases spread https://linkwraylegend.com/china-to-start-immunizing-children-up-to-age-3-as-cases-spread/ https://linkwraylegend.com/china-to-start-immunizing-children-up-to-age-3-as-cases-spread/#respond Mon, 25 Oct 2021 08:05:28 +0000 https://linkwraylegend.com/china-to-start-immunizing-children-up-to-age-3-as-cases-spread/ This photo released by the Xinhua News Agency shows an aerial view of residents lining up to receive a swab for the coronavirus test during a mass test in Xingqing District of Yinchuan, Ningxia Hui Autonomous Region. (northwest China), Saturday, October 23, 2021. Gansu in China has closed all tourist sites following reports of new […]]]>

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This photo released by the Xinhua News Agency shows an aerial view of residents lining up to receive a swab for the coronavirus test during a mass test in Xingqing District of Yinchuan, Ningxia Hui Autonomous Region. (northwest China), Saturday, October 23, 2021. Gansu in China has closed all tourist sites following reports of new cases of COVID-19 in the northwest province. Gansu lies along the ancient Silk Road and is famous for Dunhuang Caves filled with Buddhist images and other ancient religious sites. (Wang Peng / Xinhua via AP)

PA

Children as young as 3 will start receiving COVID-19 vaccines in China, where 76% of the population has been fully vaccinated and authorities maintain a zero-tolerance policy towards epidemics.

Municipal and provincial governments in at least five provinces have issued notices in recent days announcing that children between the ages of 3 and 11 will need to be vaccinated.

The expansion of the vaccination campaign comes as parts of China take further crackdowns in an attempt to eradicate small outbreaks. Gansu, a northwestern province heavily dependent on tourism, closed all tourist sites on Monday after discovering new cases of COVID-19. Residents of parts of Inner Mongolia have been ordered to stay indoors due to an outbreak there.

The National Health Commission reported that 35 new cases of local transmission had been detected in the past 24 hours, including four in Gansu. Another 19 cases were found in the Inner Mongolia region, with others scattered across the country.

China has used closures, quarantines and mandatory testing for the virus throughout the pandemic and has largely eradicated cases of local infection while fully immunizing 1.07 billion people of its population of 1.4 billion .

In particular, the government is concerned about the spread of the more contagious delta variant among travelers and having a public widely vaccinated ahead of the Beijing Olympics in February. Foreign spectators have already been banned from the Games, and participants will have to stay in a bubble between them and outsiders.

The most widely used vaccines in China, from Sinopharm and Sinovac, have been shown to be effective in preventing serious illness and transmission of the virus, based on public data. But the protection they offer against the delta variant has not received a definitive answer, although officials say they remain protective.

Hubei, Fujian and Hainan provinces have all issued notices at the provincial level alerting to new vaccination requirements, while individual cities in Zhejiang and Hunan provinces have also issued similar announcements.

In June, China approved two vaccines – Sinopharm from the Beijing Biologics Institute and Sinovac – for children aged 3 to 17, but it only vaccinated those 12 and older. In August, regulators approved another, that of Sinopharm of the Wuhan Institute of Biologics.

After the vaccines received national approval for children in China, foreign governments began to immunize children in their own countries. Cambodia uses both Sinovac and Sinopharm injections in children 6 to 11 years old. Chilean regulatory authorities have approved Sinovac for children as young as 6 years old. In Argentina, regulatory authorities have approved the Sinopharm vaccine for children as young as 3 years old.

Many developing countries have left aside the vaccine race from Western pharmaceutical companies like Pfizer and Moderna who have bought vaccines from China. China shipped more than 1.2 billion doses in September, according to its foreign ministry.

Even with widespread national and global use, not all parents are reassured about the vaccine, citing less publicly available data on injections.

Wang Lu, who lives in the southern city of Fuzhou, Fujian Province, said she was in no particular rush to get her 3-year-old son vaccinated. “I’m just not very clear on the safety profile of the vaccine, so I don’t really want to get it vaccinated, at the very least, I don’t want to be the first,” Wang said.

Sinovac began an efficacy trial with 14,000 participating children in several countries in September. Its approval in China was based on smaller Phase 1 and Phase 2 trials. Sinopharm’s Beijing shot was also approved based on Phase 1 and Phase 2 trials. These have been published more late in peer-reviewed journals.

Other parents said they weren’t worried, as many other people had already been vaccinated.

Wu Cong, a mother of 7, said her daughter’s school in Shanghai had not yet notified them of the vaccination.

“I think it’s not too different from the flu shot, there have been so many people vaccinated already, so I don’t have too much to worry about,” Wu said.


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