What happens when $2 trillion is sucked out of the global economy? It may not be pretty
Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 financial crisis, and again at the height of the coronavirus pandemic.
2023-05-19 23:54
Pep Guardiola compares Man City’s title push to ‘serving for Wimbledon’
Pep Guardiola has no plans to celebrate if Manchester City win the title without playing on Saturday and compared closing out the Premier League season to a tennis player serving for Wimbledon glory. City are on the brink of a fifth top-flight crown in six seasons and it will be confirmed before they next play if challengers Arsenal lose to Nottingham Forest on Saturday. Guardiola insists he is not thinking about that prospect, however, and is focusing only on beating Chelsea at the Etihad Stadium to win it on the field themselves on Sunday. The City manager said: “I don’t think (we’ll be celebrating) because we have a game the day after and Chelsea deserve it. “In my mind, I’d like to feel we have to win to be champions. This is what we have to think. “We cannot control Nottingham and it doesn’t matter what happens in Nottingham. We have to do our job and win our game. “If we can win we can celebrate in the stadium with our people and that would be the best.” Wrapping up the title this weekend would cap a memorable week in which treble-chasing City reached the Champions League final with a stunning victory over Real Madrid on Wednesday. Now is coming the most difficult thing. Tennis players say to serve to win Wimbledon is the most difficult one. Pep Guardiola Guardiola says there has been little time to celebrate that achievement as he now tries to ensure City, who trailed Arsenal by eight points last month, see out the job in the Premier League. He said: “Of course we are satisfied to be able to play the Champions League final but it’s non-stop. “Now is coming the most difficult thing. Tennis players say to serve to win Wimbledon is the most difficult one. “On Sunday, the game is in our hands to win the most important competition. We’re lucky to have the chance to finish at home with our people. We have to take it.” Guardiola knows how difficult it can be to cross the line. In April 2018 they had to put celebrations on hold after surrendering a 2-0 lead to lose to Manchester United and last season they risked losing the title to Liverpool on the final day after falling behind to Aston Villa. Guardiola said: “I have a good memory. When we played against United to win the Premier League, 2-0 up at half-time and we lost the game. “Against Aston Villa we were 20 minutes away from losing the Premier League at home. So the last one is the most difficult one because there are a lot of emotions and many things. “You have to control it and be focused. We cannot be distracted right now. We will not forgive ourselves if we are distracted in something.” Despite those reservations, recent form suggests Guardiola has brought his players to the boil at just the right stage of the season. Such is their intensity that Guardiola and key player Kevin De Bruyne shouted at each other during the victory over Real Madrid, and the manager says he has no problems with that. He said: “The action with Kevin, I love it. We shout at each other. I like it. I like this step from Kevin. “Sometimes, in some games, it’s a little bit flat and I like this energy. This is what we need from him. After that he becomes the best. “It is not absolutely personal. These things must happen to be competitive and be a good team.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Frank Lampard reveals how close Chelsea came to signing Erling Haaland Jurgen Klopp hails departing quartet with special praise for Milner and Firmino Wigan deducted four points for next season after failing to pay players’ wages
2023-05-19 23:52
Newcastle may have Saudi riches, but Eddie Howe’s team is built on bargains
Eddie Howe has spent a season not mentioning the Champions League. “I actually can’t pronounce it, it goes funny against my lips,” he said. He may soon have to expand his vocabulary to include the phrase. Newcastle United’s fixture list seems set to take on an extra dimension next season. Which, it is safe to say, will be greeted with glee on Tyneside. Newcastle was a club mired in depression and which is now engulfed in euphoria. Optimism has returned, and at a ground with the size, centrality and presence to feel still more integral to a city’s identity than most. There may be more of a mixed reception elsewhere, and not merely if Newcastle eject Manchester United or, more probably, Liverpool from next season’s Champions League. For those of a certain age and with a nostalgic bent, their return to such a stage may stir memories of Tino Asprilla’s hat-trick against Barcelona. For others, there might be a distaste about Newcastle’s owners, at the sense that it is an endorsement of the Saudi Arabian government or a triumphant sportswashing project. And, in some quarters, there will probably be the suggestion a top-four finish was the inevitable consequence of spending. Which it isn’t. Or not this season, anyway. The provenance of Newcastle’s funds can remain an issue but the moral and the financial are very separate situations. Their rise has an ominous element for some of their new peers and there may be a time in the future when Newcastle can fairly be accused of buying success, when their expenditure dwarves everyone else’s, with the possible exception of Manchester City and, depending on a possible Qatari takeover, Manchester United. But not yet. For now, this is overachievement; relative to talent, to the salaries and even the transfer outlay. It is what will render a top-four finish a genuine footballing feat. When Leicester visit St James’ Park on Monday, in a game that could send one team down and another into the Champions League, it is a moot point which club has the higher wage bill: possibly Leicester, unless Newcastle’s players are on hefty bonuses for Champions League qualification. At around £250m over three transfer windows, progress has not come cheap; Newcastle have spent far more than they could in the past, but not as much as some of their peers and from the lower base of a club who were in danger of relegation when they started to buy. Tottenham have spent similar sums over the last 18 months, Manchester United paid out more last summer and Chelsea, ludicrously, have contrived to burn through £600m to get what will almost certainly be a bottom-half finish. Newcastle have proved the anti-Chelsea, faring better than anticipated with astute recruitment, finding value for money when a windfall could have led to wild spending. The starring role against Brighton, in the win that took Newcastle to the brink of a top-four spot, came from Kieran Trippier, who cost £12m. The second goal came from Dan Burn, who arrived for £13m. The goalkeeper – along with Alisson, the best in the Premier League this season – is Nick Pope, who was priced at £10m. They are different cases, but each is a bargain. Bruno Guimaraes and Sven Botman belong in the next bracket up, of signings in the region of £35-40m. But the Brazilian has established himself among the division’s classiest holding midfielders; the Dutchman has ranked among the best centre-backs this season. Each is worth rather more than he cost. The club record fee of £63m went on Alexander Isak; when he was injured in autumn, Newcastle had a negligible return on it. But the Swede was instrumental in a spring surge; a summer beckons in which there will be too few top-quality strikers on the market for the number of clubs who want one. United can sit it out, enjoying the prospect of Isak’s potential. Anthony Gordon’s has scarcely been an auspicious start; a fringe figure may be overpriced or prove another who kicks on. Newcastle certainly paid over the odds last January for Chris Wood, though they did well to recoup much of that £25m fee a year later. Matt Targett excelled on loan but has lost his place since signing permanently. But bring in enough players and no record is unblemished: Newcastle’s strike rate is higher than most, with six hits out of nine already. Go back 15 years and City’s initial business was rather more erratic. Perhaps it always needed a combination of Newcastle’s overperformance, in both the transfer market and on the pitch, and unexpected frailties elsewhere to propel them so far and so fast. Chelsea are having a historically terrible season; Tottenham and Liverpool have been below par, even if Jurgen Klopp’s team can still eye salvation. Yet their fate is out of their hands. Newcastle have had the billing of the world’s richest club for the last 18 months, but as they are headed for the riches of the Champions League, it is not because they spent more money than everyone else but they spent better than virtually everyone else. Read More Eddie Howe knows Newcastle will have to carefully manage European football Manager of the season contender Unai Emery ‘trying to improve every day’ Eddie Howe says Newcastle win ‘huge’ but warns still work to do in top-four hunt Football rumours: Arsenal preparing £90million swoop for West Ham’s Declan Rice Sam Allardyce refuses to criticise Leeds’ Patrick Bamford despite penalty miss Police charge Leeds fan with assault over Eddie Howe confrontation
2023-05-19 23:26
Frank Lampard was once ‘pushing big’ to bring hotshot Erling Haaland to Chelsea
Frank Lampard has revealed he tried to sign Erling Haaland for Chelsea during his first spell as the manager at Stamford Bridge. The Manchester City striker came up against Lampard’s team in a pre-season friendly in 2019 while he was playing for RB Salzburg in Austria. He scored 28 goals in 22 matches that season before signing for Borussia Dortmund the following summer, but Lampard said he attempted to bring him to west London instead during his 18-month spell in charge between 2019 and 2021. Ultimately competition for the Norway international’s signature, together with the fact not everybody at Chelsea was convinced that a bid for Haaland would have been the right move, meant that Lampard was left frustrated. His 36 Premier League goals for title-chasing City this season mean he has scored as many times in the league as the entire Chelsea squad have, with the two teams meeting at the Etihad on Sunday as City look for the victory they need to seal the title. Chelsea by contrast remain in the bottom half of the table, with their struggles in front of goal this season having shown no sign of easing in recent weeks. “I’ve got huge respect for him as a player, he’s a player I tried to bring to Chelsea the first time I was here,” said Lampard. “I was really keen to get him here but obviously that couldn’t happen. His level at that point was very clear, we played against him in a pre-season game for Salzburg. “Credit to him, I love seeing players of that level, I love seeing players of that personality and hunger to play and be the best which he’s proved himself to be. In terms of having to deal with him you have to have obviously a plan and an idea, but players of that level can make anything happen at any moment. “I think he’s special, I thought he’d adapt straight away just (because of) his level. I think with the level of players and his record of scoring, firstly in Austria then for his country and in the Bundesliga – which is not an easy league – to come into a really good unit already. “The rest is just credit to himself and the team around him. I did expect that, it’s not just an easy hindsight answer, I’ve got real respect for the player. “I don’t know whether he would have decided to come here anyway but I was a big fan. There are some of those that happen that people don’t know about that could have been this way, people talk a lot about mistakes and the things that could have been in football. “Whether he would have come I don’t know, but I was pushing big, and for a couple of other players as well. But he was the outstanding one. “From our point I was pushing it, I’m not sure what the appetite everywhere else in the club was to do it. The competition was big to take him because he was an outstanding player. I think there was a buyout clause at the time which I think was relatively reasonable given the player (he joined Dortmund for around £17million). I don’t have enough detail to say how close it was.” Lampard has two matches left of his interim spell in charge, with Manchester United at Old Trafford and Newcastle at Stamford Bridge to come after City. He has won only once during his eight games in the job, a 3-1 victory at Bournemouth earlier in May, with six defeats having come in that time including a Champions League exit to Real Madrid. Mauricio Pochettino is expected to be confirmed as the permanent successor to Graham Potter, who was sacked on April 2, in the coming days, and he will have a huge rebuild on his hands after a disastrous season for the club. Despite the poor form, Lampard said he has no regrets about agreeing to take over in the short-term from Potter. Whether he would have come I don’t know, but I was pushing big, and for a couple of other players as well. But he was the outstanding one Frank Lampard “I have enjoyed it, I get asked it a lot,” he said. “You want to always get results but you have to be realistic in football. When I came into this, the Champions League dream that everyone talked to me about, (saying) it’s been done before, can we do it again? “The realistic answer was we were where we were in the league for a reason. Our view was to try and beat Real Madrid then possible City to get to a final. In terms of the rest of the job, it’s been how many small wins can I try and impact behind the scenes. You can’t always impact results. “Generally there’s a lot of work to do here. I can have a certain impact with certain individuals within the group because I have a big feeling for the club.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Pep Guardiola compares Man City’s title push to serving for Wimbledon glory Jurgen Klopp hails departing quartet with special praise for Milner and Firmino Wigan deducted four points for next season after failing to pay players’ wages
2023-05-19 23:25
Wigan deducted four points for next season after failing to pay players’ wages
Wigan will start the League One season in August with minus-four points after the English Football League issued its latest sanction against the club for a failure to pay players’ wages. The EFL said a further four-point deduction was suspended until the end of the 2023-24 season. That suspended sanction will kick in if club owner Abdulrahman Al Jasmi fails to deposit an amount equal to 125 per cent of the club’s forecast monthly wage bill into a designated account by May 24. The additional four-point deduction would also be activated if the club fail to pay players on time at any point between now and June 2024. The club’s 2022-23 season points tally has also been reduced by three points, even though the Championship regular season is already over. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-05-19 22:58
G7 summit: Zelensky accuses some Arab leaders of 'blind eye' to war ahead of Japan trip
The Ukrainian leader's appearance at the Arab League comes ahead of an expected visit to the G7.
2023-05-19 22:47
Morgan Stanley CEO Gorman to Step Down Within 12 Months
James Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, plans to step
2023-05-19 22:29
John Harbaugh gives incredible recruiting pitch for Alabama
Baltimore Ravens head coach John Harbaugh loves the type of players Nick Saban produces at Alabama.John Harbaugh regularly looks to build up his Baltimore Ravens roster with one former Nick Saban Alabama standout after another.Mark Inabinett of AL.com expounded on the Alabama/Baltimore conne...
2023-05-19 22:16
Mike Malone Tells Media to 'Put That in Your Pipe' Because He Doesn't Like the Narrative
Mike Malone wants people to talk about the Nuggets more.
2023-05-19 20:57
Roberto Firmino’s exit marks end of an era as Liverpool prepare final farewell for Anfield’s brightest smile
A final flash of his bright smile and Roberto Firmino will depart Anfield for the last time on Saturday, marking the end of a chapter in the story of Jurgen Klopp’s tenure as manager. There will be few Liverpool fans who do not wish him well. He has been one of the most beloved members of the team and led the forward line to their first league title in 30 years in 2020. An entire generation of Reds supporters have grown up watching the Brazilian No 9, and at least a few will surely shed a tear when he leaves the club at the end of the season after eight years. Some will criticise Klopp for his efforts and ultimate failure, after it emerged the manager wished and was unable to keep Firmino for another season, but it seems to be a fitting time to mark the end of an era. After all, Cody Gakpo, Darwin Nunez and Luis Diaz have all been signed since January 2022 with an eye to the future. Firmino is one of just five senior Liverpool players whose arrival on Merseyside pre-dated German manager Klopp, and one of two to be departing this summer. James Milner, Naby Keita and Alex Oxlade-Chamberlain will also leave when their contracts expire at the end of the current season. For Firmino, he joined the club as a 23-year-old in 2015 for a reported £29m, becoming the club’s then second most expensive player as Liverpool tried to re-establish themselves in the top four. Having been signed as an attacking midfielder, and one who started life out on the wing under Brendan Rodgers, it was a slight surprise when he ultimately thrived in the middle of a front three. His eight years have spanned the rise of the club from being rooted outside the Champions League places to Premier League and European champions. The years in between also included a global pandemic and the dismal behind-closed-doors fixtures. Ahead of Liverpool’s match against Aston Villa on 20 May, it is worth looking at the numbers. Firmino has scored 109 times in all competitions: 80 in the league, and has notched up 72 assists. The figures show that Sadio Mane and Mohamed Salah would undoubtedly not have been as prolific as they were without Firmino, who set up the Egyptian 22 times and Mane 17. There are moments that will live far longer in the memory than others, however. He slotted seamlessly into Liverpool’s most prolific strike force for decades alongside Mane and Salah, winning every major domestic trophy and the Champions League and Club World Cup during his eight years on Merseyside. Fans will be divided over their favourite Firmino moment, and there are a few to choose from. Would it be his hat-trick in a comeback 5-1 win over Arsenal in December 2018? His last-gasp winner against Paris Saint Germain in the Champions League group stages the year Liverpool went on to lift the trophy? His extra-time strike to see Liverpool crowned Club World Cup champions for the first time, with a 1-0 win over Flamengo in 2019? The forward has already received one farewell from the fans, when he was serenaded throughout the final minutes of Liverpool’s 3-0 win at Leicester on Monday, despite not stepping onto the field, but it will be the final Anfield departure that will truly feel like the end of an era. Read More Jurgen Klopp given touchline ban by FA after comments over referee James Milner came to Liverpool and won the lot - an era ends with his departure Liverpool confirm departures of midfield trio Liverpool captain Jordan Henderson anticipating new challenge as midfield overhaul begins Liverpool captain Henderson ready for new challenge as overhaul begins On this day 2016 – Liverpool lose to Sevilla in Europa League final Liverpool confirm departures of midfield trio
2023-05-19 20:57
Thomas Frank insists there is ‘no doubt’ Ivan Toney’s future is at Brentford
Thomas Frank said Ivan Toney’s future will be at Brentford after the striker was handed an eight-month ban for gambling offences. The 27-year-old was found by the Football Association to have committed 232 breaches of its betting rules between 2017 and 2021. It means Brentford’s top scorer will now not play again until January 2024, with the suspension also prohibiting him from working with his team-mates at the club’s training ground until September. The FA indicated on Thursday it will apply to FIFA to have the ban extended worldwide, thereby ruling out the possibility of Toney being loaned abroad for the duration. He has scored 20 of Brentford’s 54 Premier League goals this season as well as having made his debut for Gareth Southgate’s England side in what has been a breakthrough year for the former Peterborough forward. Despite the suspension, Frank indicated that Toney will still have a future at the Gtech Stadium, though the club are awaiting clarification on the finer points of the punishment. “I’ve been in contact with him. He’s disappointed and sad about the situation,” said Frank. “His future is with Brentford, there’s no doubt about that. “We are waiting for the information so we know what we can do. What he’s allowed to do, especially for the first four months. “One thing is for sure, we will do everything to be there for him, support him and be aware of the mental health in it. “He’s made some mistakes, but we need to be there, and want to be there, for him and help him. We just need to know what we are allowed to do.” Toney was first charged with 262 betting offences in November and December, with the FA later withdrawing 30 of the charges. He admitted to the remaining 232 in February, but it took a further three months for the punishment to be decided upon. The charges stretch back to when he was a Newcastle player on loan at Scunthorpe and cover his time at Peterborough and his first years at Brentford. Frank was asked for his views on the link between football and the gambling industry, particularly since Brentford carry the name of an online gambling site on their shirts. He said that owing to the length of the ban, it was important that the club consider the mental health implications for the England striker. “It is a challenge, for me personally, all the advertising for gambling done by clubs (and) individuals in the game, I think that’s an issue,” he said. “I don’t know the full details of how much support or education the authorities provide. I know the Premier League and FA have a lot of initiatives in place that try to educate people out there. “Education is the key thing. Across the world, education is the number one thing if you want to change a culture and mindset. That takes a lot of hard work and patience. “We need to be aware of the mental health in this. Ivan is a footballer but he is also a human being that has family, a partner, young children, a mum and dad, siblings and friends and he has been on the front pages quite a lot. “We need to do whatever to support him in that aspect.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Michael Vaughan to return to BBC cricket coverage this summer Concerns raised over Sheikh Jassim’s bid to buy Manchester United Michael Vaughan to return to BBC cricket coverage this summer
2023-05-19 20:27
Best NBA prop bets today for Heat vs. Celtics Game 2 (Kyle Lowry undervalued)
The Miami Heat upset the Boston Celtics in Game 1 of the Eastern Conference Finals, and it was a high-scoring game, a great sign for bettors looking to take the OVER in the prop market on any offensive stat.These teams are No. 2 and No. 3 in offensive rating in the playoffs, so how should we app...
2023-05-19 20:20