Phillips Curve – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ Tue, 10 May 2022 07:17:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://piazzacarlogiuliani.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Phillips Curve – Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ 32 32 Manitoba Moose Playoff Practice Report https://piazzacarlogiuliani.org/manitoba-moose-playoff-practice-report/ Mon, 09 May 2022 18:39:59 +0000 https://piazzacarlogiuliani.org/manitoba-moose-playoff-practice-report/

The Moose returned to Winnipeg after two dominating games against them in Milwaukee, but despite being in control, they returned to Manitoba 0-2 in their best five series with the Admirals.

Photo credit: Daniel Fink (Manitoba Moose)

Practice Notes:

According to Jacob Stoler some players missing this morning including Kristian Vesalainen and Declan Chisholm. He also provided the D lines and pairs below.

Lines:

Eyssimont-Gustafsson-Barron
Malott-Suess-Poganski
Polei Maier Jones
Johnson-Hutchison-Lynch

Samberg-Kovacevic
Heinola-Oligny
Phillips Gawanke

Availability of players:

Availability of coaches:

Health info:

According to Mark Morrison, some updates, including Declan Chisholm does not patinate due to maintenance. He also said that Kristian Vesalainen has a leg injury and when asked if he will play in Game 3 on Wednesday, he said “I don’t think he’s an option for Wednesday.” He added that Christian Reichel came out with a “six-week injury”. He was eliminated from the game on April 26 thanks to this blow.

Recall Notice:

After practice, the team announced that they had called back Hayden Shaw of the ECHL.

Following:

The Moose have another day of practice tomorrow scheduled for Tuesday.

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Athletics: McDonald leads the way for LCC https://piazzacarlogiuliani.org/athletics-mcdonald-leads-the-way-for-lcc/ Sat, 07 May 2022 23:22:18 +0000 https://piazzacarlogiuliani.org/athletics-mcdonald-leads-the-way-for-lcc/

Results

Girls

Team Scores: 1. Spencerville 111, 2. Kenton 101, 3. Carey 88, 4. Van Wert 86.5, 5. Canterbury 46, 6. Bluffton 38, 7. Temple Christian 30, 8. Fostoria 26.5, 9. New Knoxville 25, 10. Ada 21.5, 11. Arlington 19, 12. Lima Central Catholic 18, 13. Mohawk 17.5, 14. Allen East 17, 15. Cory-Rawson 15, 16. Hardin Northern 3.

Event Winners/Top 3 Zone Finishers

Relay 3200: 1. Carey 10:48.17, 2. Bluffton (Ella Armstrong, Sami Scoles, June Essinger, Riley Eachus) 10:55.44, 3. Spencerville (Nadia Ricker, Kirsten Wurst, Lillee Stewart, Kirsten Voice) 11:02.05.

100 hurdles: 1. Cece Worsham (TC) 15.90, 2. Addy Modd (Ken) 16.21.

100 Dash: 1. Claire Hoback (Sp) 12.93, 2. Kendra Deehring (VW) 13.17.

800 Relay: 1. Van Wert (Kendra Deehring, Macy Johnson, Sofi Houg, Danesha Branson) 1:50.44, 3. Bluffton (Allison Diller, Sami Scoles, Kendal Giesige, Skyler Scoles) 1:56.95.

Race 1600: 1. Sarah Reinhart (Car) 5:35.60, 2. Lillee Stewart (Sp) 5:43.94.

400 Relay: 1. Spencerville (Claire Hoback, Emme Prine, Lilyan Goecke, Bethany Monroe) 52.75, 2. Kenton (Addy Modd, Avery Smith, Abi Temple, Sadie Larrabee) 53.64, 3. Van Wert (Danesha Branson , Mia Rager, Sophie Gearhart, Olivia Vaas) 54.57.

400 Dash: 1. Sofi Houg (VW) 1:03.69, 2. Caroline Leffel (NK) 1:04.34.

300 hurdles: 1. Addy Modd (Ken) 48.14, 2. Rilynn Jones (AE) 50.29, 3. Bethany Monroe (Sp) 51.66.

200 Dash: 1. Cece Worsham (TC) 27.35, 2. Sofi Houg (VW) 27.42.

800 race: 1. Lillee Stewart (Sp) 2:33.05, 2. Nadia Ricker (Sp) 2:36.75, 3. Kylie Allmon (Ken) 2:40.95.

Race 3200: 1. Sarah Reinhart (Car) 11:56.38, 3. June Essinger (Bl) 12:37.12.

1600 Relay: 1. Spencerville (Bethany Monroe, Claire Hoback, Lillee Stewart, Lilyan Goecke) 4:19.79, 2. Van Wert (Macy Johnson, Kendra Deehring, Sofi Houg, Danesha Branson) 4:27.31.

Shot Put: 1. Tatum Miller (Ken) 36-05.25, 3. Kayla Krites (VW) 31-01.25.

Drive: 1. Tatum Miller (Ken) 122-08, 2. Avery Henschen (NK) 121-05.

Long jump: 1. Cece Worsham (TC) 16-01.75, 2. Courtney Sumner (Ada) 14-07.50, 3. Kirsten Wurst (Sp) 14-04.50.

Pole Vault: 1. Avery Smith (Ken) 8-06.00, 2. Delaney Buxton (Ken) 8-06.00, 3. Lexie Greer (Sp) 8-06.00.

High jump: 1. Lilyan Goecke (Sp) 5-02.00, 3. Emme Prine (Sp) 4-10.00.

Boys

Team scores: 1. Van Wert 134, 2. Bluffton 116.5, 3. Allen East 68.5, 4. LCC 56, 5. Kenton 54, 6. Upper Scioto Valley 39.5, 7. Carey 39, 8 Hardin Northern 37, 9. Spencerville 30, 10. Ada 26, 11. New Knoxville 17, 12. Mohawk 14, 13. Arlington 14, 14. Canterbury 12, 15. Fostoria 6, 16. Cory-Rawson 3.

Event Winners/Top 3 Zone Finishers

3200 Relay: 1. Van Wert (Gage Wannemacher, Trey Laudick, Hunter Sherer, Gage Springer) 8:24.75, 2. Bluffton (Landon Armstrong, Sam Derstine, Eden Antrim, Landon Novak) 8:28.35, 3. Hardin Northern (Aidan Gatchell, Jonah Diller, Zeb Wilson, Cooper Thomas) 9:09.40.

110 hurdles: 1. Ethan Bogart (Bl) 16.35, 2. Tyson Jackson (VW) 16.44, 3. Jayson Dyer (Ken) 16.48.

100 Dash: 1. Frankie McDonald (LCC) 11.46, 2. Traves Hoyle (LCC) 11.53.

800 Relay: 1. Van Wert (Connor Pratt, Nate Phillips, Trey Laudick, Nathan Jackson) 1:33.33, 2. LCC (Evan Unruh, Sal Guagenti, Traves Hoyle, Frankie McDonald) 1:35.79, 3. Allen East (Matti King, Silas Gillespie, Jackson Friesner, Ashton Neff) 1:35.89.

1600 race: 1. Eden Antrim (Bl) 4: 37.34, 2. Joe Parker (USV), 3. Lanney Oakman (Sp) 4: 51.04.

400 Relay: 1. LCC (Evan Unruh, Sal Guagenti, Traves Hoyle, Frankie McDonald) 44.97, 2. Allen East (Matti King, Silas Gillespie, Jackson Friesner, Ashton Neff) 45.50, 3. Van Wert (Keldyn Bill, Nate Phillips , Nathan Jackson, Gage Stemen) 45.59.

400 Dash: 1. Connor Pratt (VW) 51.76, 2. Joel Vangorder (Sp) 53.40, 3. Ashton McMurray (NK) 54.77.

300 hurdles: 1. Ethan Bogart (Bl) 41.89, 2. Julian Grose (Ada) 43.89, 3. Jay Schroeder (NK) 44.78.

200 Dash: 1. Trey Laudick (VW) 23.34, 2. Nate Phillips (VW) 23.35, 3. Traves Hoyle (LCC) 23.62.

800 race: 1. Landon Armstrong (BL) 2:00.74, 2. Zeb Wilson (HN) 2:03.57, 3. Gage Springer (VW) 2:03.89.

Race 3200: 1. Joe Parker (USV) 10:17.13, 2. Erik Nygaard (Bl) 10:18.03, Gage Wannemacher (VW) 10:31.55.

1600 Relay: 1. Van Wert (Trey Laudick, Nathan Jackson, Connor Pratt, Gage Springer) 3:31.31, 2. Bluffton (Ethan Bogart, Landon Armstrong, Eden Antrim, Justin Good) 3:31.56.

Shot put: 1. Logan Dotson (VW) 47-05.50, 2. Aaron Tabler (Bl) 43-10.75, 3. Alek Winner (AE) 43-08.50.

Drive: 1. Parker Rarey (Ken) 155-09, 2. Gunnar Stout (Ken) 136-08.

Long jump: 1. Evan Unruh (LCC) 20-00.25, 2. Colby Quay (Ken) 18-11.75, 3. Gage Stemen (VW) 18-05.75.

Pole vault: 1. Zaiden Fry (Moh) 14-00.00, 2. Wesley Newton (HN) 13-08.00, 3. Sam Derstine (Bl) 11-06.00.

High jump: 1. Anthony Bell (Car) 6-00.00, 2. Trey Boblitt (Bl) 6-00.00, 3. Nate Phillips (VW) 5-08.00.

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Burning baseball bats, pitchers throwing gas https://piazzacarlogiuliani.org/burning-baseball-bats-pitchers-throwing-gas/ Thu, 05 May 2022 21:39:05 +0000 https://piazzacarlogiuliani.org/burning-baseball-bats-pitchers-throwing-gas/

Senior rifleman Trey Caldwell tries to outrun a throw to Coal Ridge first baseman Ben Simons earlier this season.
Ray K. Erku / Independent Post

Rifle baseball is on a tear.

Coming off of Wednesday’s dominating 7-2 win over Roaring Fork, the Bears are 14-4 overall with a 7-3 league record. Their exploits keep them in a comfortable second place overall in the 4A Western Slope League.

Head coach Troy Phillips said, especially now that his team has acclimated to a vacant full season of COVID-19 complications, the Bears appreciated having a full roster.



“It’s a good group of kids right now,” he said Thursday. “They are good players who have been playing together for some time.”

Topping the 4A Western Slope standings are the 16-2 aggregate, 10-0 league Palisade Bulldogs, a team to which Rifle succumbed twice during the 2022 season.



On April 6, Palisade defeated Rifle 10-3. Another two weeks later, they came back and rocked the Bears 11-1 again.

“They’re the No. 1 team in the state and have been for a lot of the season,” Phillips said of the Bulldogs. “They are very well trained and very talented.”

But that didn’t allow Garfield County’s top high school team to outsource most of their opponents by significant margins. To be exact, the Bears have scored 154 points to their opponents’ 31 in all wins.

Wednesday’s non-league game against Roaring Fork illustrated this anatomy of attacking and defensive success.

Namely, Rifle sophomore Logan Gross turned into a teenage human highlight reel, catching six strikeouts in six innings on the mound before lighting it up at the plate.

“He also hit a 2-run homer in the seventh inning to extend a 4-2 lead to 6-2,” Phillips said.

Senior teammate Easton Phillips threw a single and a double for two RBIs. Lined Connor Abbot Junior Rifle. Austin Bowlan and Broc Caldwell also released a single and RBI each.

“Kade Street singled, reached by mistake and played catcher really well, blocking some key curveballs to prevent some runs,” Troy Phillips said.

Currently, the Bears enter their final five games of the regular season with a .353 batting average, 169 hits and 139 RBIs in 18 games played.

Phillips, however, still wants to see more consistency from his hitters.

“That’s an area where we’re not there yet,” he said. “We will have two or three hot guys one game, two or three other hot guys another game. We can’t heat most of it at once.

Gavin Peterson leads the charge at home plate. So far, the senior Rifle has 20 hits on 46 at-bats and leads the standings with 31 total RBIs. Meanwhile, Gross amassed 30 hits on 52 at-bats for a 30-times team leader through home plate.

On the other end, throwing continued to be a bright spot for Rifle, with the Bears posting an overall team average of 2.89 earned runs.

“It might be one of the best pitching teams I’ve ever had,” Phillips said.

In particular, Bowlan was formidable on the hill, allowing just 31 hits and 17 runs in 39.1 innings pitched. With a 1.25 ERA, he has six wins and just one loss.

“Austin Bowlan has amazing curveball and his fastball has improved,” Phillips said. “I think he’s really taken off this year.”

Next, the Bears prepare for a doubles matchup Friday at Middle Park. The Frontier League 3A/2A side are currently 8-6 and 5-2 overall in the league.

Once the season is over, the Bears have a chance to reach the final eight teams in the 4A Western Slope playoffs. The last time they accomplished this feat was in 2002.

“We try to be as good as possible,” Phillips said. “We are only focused on the next training and the next match.”

Journalist Ray K. Erku can be reached at 612-423-5273 or rerku@postindependent.com.

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Confidence in the Fed will decline further: Macro Hive’s FOMC preview https://piazzacarlogiuliani.org/confidence-in-the-fed-will-decline-further-macro-hives-fomc-preview/ Tue, 03 May 2022 16:59:00 +0000 https://piazzacarlogiuliani.org/confidence-in-the-fed-will-decline-further-macro-hives-fomc-preview/

Photo © Adobe Stock

The fact that the Fed sticks to its current policy plans at next week’s meeting should compound the market’s loss of confidence and therefore see the curve steepen further.

  • The Fed already pre-announced the start of quantitative tightening and a 50 basis point rate hike at Wednesday’s FOMC meeting as part of its plan to tackle high inflation.
  • The real uncertainty is whether the Fed is raising its expectations for the level of the federal funds rate and the neutral interest rate.
  • That seems unlikely, which could heighten market concerns about the Fed’s ability or willingness to fight inflation.
  • Loss of market confidence in the Fed’s inflation-fighting mojo could steepen the yield curve.

Quantitative tightening

As usual, the Fed hinted at its policy changes ahead of Wednesday’s FOMC meeting. Based on the March minutes, a quantitative tightening (QT) should begin.

This is where the Fed is trying to reduce its holdings of securities.

QT will probably do the following:

  • Monthly reinvestment caps would be $60 billion for treasury bills, $35 billion for mortgage-backed securities (MBS).
  • The cap would be staggered over three months “or slightly longer if market conditions warrant”.
  • When Treasury principal repayments fall below the $60 billion cap, the difference with the cap must be made up by not reinvesting the TBills.
  • Because MBS repurchases are expected to remain well below the cap, and because in the long run the Fed only wants to hold Treasuries, the Fed intends to proceed with outright sales of
  • MBS “after balance sheet runoff is well underway”.
  • The meeting is likely to work out the details, including the transition period, which could be, for example, $30 billion in May, $60 billion in June and $95 billion thereafter.

Upgrade to a 50 base point hike

Additionally, ahead of the pre-meeting blackout, Chairman Jerome Powell on Wednesday voiced support for a 50 basis point hike. The market has already priced this in. I find the risk of 25 or 75 basis points low:

With inflation at 8.5%, if the Fed delivers less than the market expects, it will lose even more credibility. Moreover, as financial conditions have tightened, the Fed finds the labor market very tight and expects above-potential GDP growth this year: with high inflation, the Fed’s put has effectively disappeared .

Meanwhile, FOMC members have pushed back the 75bps, perhaps because their current understanding of inflation implies it’s not necessary.

Additionally, markets are now pricing in a 50% chance of a 75 basis point hike at the next FOMC meeting in June, and press participants will be sure to ask about it.

I don’t expect Powell to support 75bps so early in the cycle, largely because that would be an implied admission of policy error.

How high could the Fed’s interest rate go?

The most interesting news to come out of the meeting is whether the Fed changed its estimates of the neutral rate, 2.4%, and the terminal rate, 2.8% (the expected high point for the federal funds rate ( FFR)).

FOMC chatter ahead of the meeting implied that the FFR would be down to neutral by the end of 2022.

The Fed effectively revised its end-2022 target up to 2.4%, from 1.9% at the March meeting and 0.9% at the December meeting.

Following Friday’s publication of an editorial in The Economist highly critical of the Fed – and predicting a terminal FFR of 5-6% – Powell is likely to face a steep pullback during the press.

I expect Powell to respond with his usual “we will adjust policy as necessary to ensure a return to price stability with a strong labor market” rather than signaling a material change in the neutral or terminal rate.

Indeed, the current estimates reflect the strong convictions of the Fed in its inflation models, namely the Phillips curve augmented by expectations and a low neutral rate (Terminal Fed Funds to Approach 8%).

The Fed’s inflation model implies that, as long as inflation expectations are anchored, inflation should be self-correcting. The data falsified this: inflation jumped against flat inflation expectations.



Still, stronger evidence will likely be needed for the Fed to raise its terminal rate expectations near my 8% forecast, e.g. FFR above 3% and core inflation stable above 4%. These might not be available until late 2022.

Instead, I expect the Fed to follow the market which is currently forecasting 50 basis point hikes in May, June and July. As inflation remains elevated, I expect the market to gradually price 50 basis point hikes in the remaining policy meetings and the Fed to follow the market.

Market consequences

The yield curve has steepened recently. I think this reflects a loss of confidence in the Fed’s ability to control inflation based on its current policy framework (see chart 2).

The loss of market confidence is illustrated by the fact that BE 5y5y have broken the 1.5-2.3% range of the last five years, even though expectations regarding the long-term policy rate, for example the swap at term OIS 2y1m, rose to post-GFC highs (see chart 3).



Basically, the market is less and less convinced that a terminal rate of 2.8% can curb inflation, which is currently close to 8.5%.

The fact that the Fed sticks to its current policy plans at next week’s meeting should compound the market’s loss of confidence and therefore see the curve steepen further.

This article is syndicated to Pound Sterling Live by Macro Hifri.

Dominique Dwor-Frecaut is a macro strategist based in Southern California. She has worked on EM and DM in hedge funds, sell side, New York Fed, IMF and World Bank. She publishes the Macro Sis blog which discusses macro yield factors.

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Phillips and Paula Pell busy on what to expect from GIRLS5EVA season two https://piazzacarlogiuliani.org/phillips-and-paula-pell-busy-on-what-to-expect-from-girls5eva-season-two/ Sun, 01 May 2022 15:04:56 +0000 https://piazzacarlogiuliani.org/phillips-and-paula-pell-busy-on-what-to-expect-from-girls5eva-season-two/

Girls5Eva is back with a brand new season premiering on Peacock on May 5th!

A one-of-a-kind ’90s hit girl group that’s been through the pop music machine reunites to give their dreams another shot. This time they will try again on their own terms.

BroadwayWorld caught up with Busy Phillips and Paula Pell to discuss what audiences can expect from the new season, who they’re channeling through their characters, and more.

“I come from very small scale musical theatre, where you used to sing a lot. I would always be the belt-y kind of songs. So I really learned with pop music…you can go with a really quiet, super small tone, instead of blowing it up,” Pell explained.

The pair also discussed how they approached the singing and musical aspects of the show as comedians.

“It’s been a very steep learning curve for Paula and myself in terms of studio vocal recording and that whole part of the show. I think at the very end of this season, as I told you said, I really thought I was a pop star,” Phillips explained.

The new season also includes Sara Bareilles, Renee Elise Goldsberry, Gray Henson, Ashley Park, Erika Henningsen, Daniel Breaker, and more.

Watch the full interview here:

]]> Lage ‘challenges’ Wolves to qualify for European football in ‘final curve’ https://piazzacarlogiuliani.org/lage-challenges-wolves-to-qualify-for-european-football-in-final-curve/ Fri, 29 Apr 2022 13:03:52 +0000 https://piazzacarlogiuliani.org/lage-challenges-wolves-to-qualify-for-european-football-in-final-curve/

Wolves boss Bruno Lage has challenged his players to finish the season strong and claim European qualification.

The Midlands club are eighth in the Premier League, six points behind sixth-placed Manchester United, with two games less.

Lage’s men, who face Brighton at home on Saturday, were in contention for Champions League qualification until a run of six defeats in their last nine games.


Big weekend: Newcastle v Liverpool, Phillips v Man City, Arsenal, Lampard v Chelsea


The Europa League is realistically the best they can hope for, although the Europa Conference League is also a possibility, and Lage, who has always played down his chances, is now changing his position ahead of the run-in.

“I never used to talk about it, I was like, ‘Let’s go, let’s go, let’s go’ and let’s see what happens in the end,” he said.

“But now we have five games in 20 days. I challenge them now, the last curve, the last 100 meters, we see the finish line in front of us, we have to go and fight for sixth and seventh position and play European football.

“I challenge them because they’ve done it before and we can do it again. ‘I’m here, I want to challenge myself and be better. It’s another opportunity to go and play our game.’

Wolves’ season started with three defeats and many expected a year of struggle following the appointment of the former Benfica boss.

Lage says no one would have thought his team was capable of challenging, but wants them to seize their dream.

He said: “When you watch from the start, and I remember people saying about us, especially after the first three games, if you said Wolves would be in mid-February fighting for the Champions League you are going to be at the end of April fighting for the Europa League and at the end you finish eighth no one will believe you.

“It’s one thing, but now we’re here, let’s go, fight for a chance to dream, keep working.

“I want more for my players. We still have a month of hard work ahead of us.

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Aurora’s Phillips Park Aquatic Center won’t be open for summer season due to shortage of lifeguards – Chicago Tribune https://piazzacarlogiuliani.org/auroras-phillips-park-aquatic-center-wont-be-open-for-summer-season-due-to-shortage-of-lifeguards-chicago-tribune/ Wed, 27 Apr 2022 18:23:00 +0000 https://piazzacarlogiuliani.org/auroras-phillips-park-aquatic-center-wont-be-open-for-summer-season-due-to-shortage-of-lifeguards-chicago-tribune/

Due to staffing issues, including a shortage of lifeguards, the Phillips Park Family Aquatic Center in Aurora will be closed for the summer season, Fox Valley Park district officials announced Wednesday.

The Splash Country water park and the Vaughan Athletic Center indoor water park in Aurora will remain open, according to district officials.

Officials said the district will not be opening the Phillips Park Family Aquatic Center “due to the shortage of national lifeguards and the current work climate.”

In a district press release, Jaime Ijams, director of recreation, said a report by the American Lifeguard Association predicted that “at least one-third of public swimming pools in the United States are at risk of closing or changing hours to adapt to the impending summer. lack of staff. »

“The trend has been in this direction for a few years, and our hope was to at least flatten the curve, if not reverse it a bit here locally,” Ijams said. “Our staff have never worked so hard to recruit new team members. We hosted our own career fair, attended others throughout the Fox Valley, and visited area high schools to highlight all the benefits of being a lifeguard.

Fox Valley Park District Executive Director Jim Pilmer said the district “tried to get ahead” of the hiring issue as soon as it could.

“We just don’t have the staff to staff it (the Phillips Park center) and we saw that trend last year,” Pilmer said.

He said “throughout the off-season we recruited” new staff members.

“We came out early ahead of this path and we still can’t fill all the summer jobs,” he said.

As an example, Pilmer noted that last week the district “had 250 applicants while we were at high school job fairs and we got six serious inquiries from all of these people who are looking for to go to the next level for training”.

Pilmer said the sheer size and specific training required of lifeguards makes it difficult to hire quality people.

“It’s very regulated as it should be. I can’t stress this enough – lifeguarding today involves going through a lot of regulations. It’s a skill set that comes with a lot of discipline. You just don’t sign up to be a lifeguard,” he said. “There is training involved and those are all the certifications. About three years ago we started certifying all of our lifeguards and paying for their certifications. We paid them to get certified.

Pilmer said those certification requirements are also taken into account when determining which facilities will remain open this year.

“What’s interesting this year – our staff’s decision to use Splash Country is that it doesn’t have a deep well, which requires additional certification for your rescuers to perform a deep water rescue,” did he declare. “It’s very regulated, which it should be and sometimes when young people find out about responsibility, they maybe decide this isn’t the gig for me.”

In the press release, Ijams said staffing needs are impacting the schedule this summer.

“A total of 160 lifeguards are needed to operate all three facilities simultaneously, along with more than 70 additional staff to support other areas, such as admissions, swimming lessons, slide attendants, managers and counselors. camp, in outdoor water parks,” Ijams mentioned. “Ideally, we needed to have around 90% staff at this point to recruit and train new team members, and we fell short of that target.

“Given the current hiring market and what we’ve seen over the past three months of our recruitment drive, we’ve had to adjust our summer schedule,” she said.

Pilmer said that instead of trying to run the Phillips Park Family Aquatic Center and Splash Country “halfway through, one facility (Splash Country) is fully open.”

Season passes have been offered to Splash Country or Phillips Park Family Aquatic Center this season. Anyone who has purchased a season pass at Phillips Park will have it automatically transferred to Splash Country, Fox Valley Park District officials said.

Phillips Park season pass holders can also request a full refund, provided the request is received by June 6. To request a refund, email fvpd@fvpd.net.

Splash Country Water Park will be open May 28-30 for Memorial Day weekend before the full season opens on June 4. The park will be open daily until August 7. The water park will then transition to weekends only on August 13. -14, 20-21, 27-28 and 3-5 Sept.

David Sharos is a freelance journalist for The Beacon-News.

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Plumbing and ready water has changed life in Mount Airy https://piazzacarlogiuliani.org/plumbing-and-ready-water-has-changed-life-in-mount-airy/ Mon, 25 Apr 2022 16:29:00 +0000 https://piazzacarlogiuliani.org/plumbing-and-ready-water-has-changed-life-in-mount-airy/

During the Christmas season, many people become nostalgic, remembering Christmases past, especially happy Christmases spent with family and friends or an unusual Christmas. This is especially true for those of us who are in our later years. Since our energy levels are lower, we spend more time sitting, remembering those happy times of years past.

Recently, during one of my nostalgic “remembrance sessions” that I held during the last Christmas season, the Christmas of 1951, 70 years ago, came to mind.

In the summer of 1949, an army reserve unit, the 426 Field Artillery Battalion, was organized with units at Mount Airy and Winston-Salem. “A” Battery and the Medical Detachment were located at Mount Airy, with the rest of the units located at Winston-Salem.

When the Korean War began in June 1950, 426 was immediately activated and ordered to report to Fort Bragg in September. There were 78 Mount Airy/Surry County men who were activated and ordered to report to Fort Bragg. Some of these men were soon released for various reasons and returned home.

426 remained at Fort Bragg until the summer of 1951 when it was deployed to Dolan Barracks, Schwabisch Hall, Germany.

The Mount Airy/Surry County men held prominent positions throughout the battalion, particularly ‘A’ Battery. A large majority were World War II veterans; most had families with children in Mount Airy.

As Christmas 1951 approached, the question arose of how best to celebrate the Christmas season 3,000 miles from home and our families. There was a general consensus that we should do something special that would capture the true spirit of Christmas gifts.

After a period of discussion between the men, we decided to organize a Christmas party for young children in an orphanage located near our military base. There were about 50 children residing in this orphanage. Most of the parents of these children were killed during the battles of World War II. We wanted to give this Christmas party with our own money without the intervention of the military command. Led by Mount Airy/Surry County Senior NCOs, we raised and several hundred dollars were donated.

The plan was to bring the children to our military base, give them a meal of traditional Christmas food, bring Santa Claus, and give each child a present and a treat of candy and fruit. The army dining hall was decorated with a Christmas tree, Christmas lights, and other Christmas greens and decorations like those that would have been made at home. Never had an army mess been so elegantly decorated for Christmas.

The children were brought to the base a few days before Christmas so that the men could throw their own Christmas Day party. A military man hosted each child (my guest was a 5 year old who didn’t understand English; I didn’t understand German either, but the Christmas spirit overcame language barriers).

The plan worked perfectly; the children were visibly excited even among a group of strange men in army uniforms and in an army dining hall. The men were equally excited about the Christmas spirit and the opportunity to please a group of children. They enjoyed a touch of Christmas similar to that which would have been celebrated at their home in Mount Airy. The children enjoyed a wonderful Christmas party and cherished their meal, gifts and treats.

These Mount Airy/Surry County men brought Christmas cheer to children 3,000 miles from home, children who probably wouldn’t have had much to celebrate in a country shattered by the ravages of the Second World War. There had been little recovery in Germany since the end of the war. The destruction was to be seen everywhere; millions of German servicemen and civilians were killed during the war, including many parents of the children we served. The German economy had not recovered, and a large majority of the population was being fed by American relief efforts under the provisions of the Marshall Plan.

What was done by Mount Airy/Surry County men for some German orphans on Christmas 1951 is typical of what American servicemen do wherever they go, be it Germany, Korea, Vietnam, Afghanistan, in Iraq or Japan.

Mount Airy/Surry County men known to be at Schwabisch Hall at Christmas 1951 who supported the Christmas program for orphaned children included the following: FSGT Zack Blackmon, PFC Frank Haynes, MSGT Thurmond Miller, SFC Joe Bill Neal , SFC Jack Leach, SGT Calvin Welborn, SFC Robert Holder, FSGT Austin Perdue, SFC Jack Robertson, SFC James Callahan, MSGT George Carroway, SFC Harold Sells, SGT Cecil Chandler, SGT Russell Inscore, SGT Aubrey Wall, SGT Dennis Chilton, SGT Charles Allred, SFC Howard Beeson, SGT Harry King, CPL Paul Welborn, SGT Kent Gibson, SGT George Worth, PFC Buford Harvey, SFC Robert Riggs, SFC Harold Moxley, SGT John Browne. (If I missed anyone, please excuse me).

All of these men, with the exception of Robert Riggs and I, have since passed on their eternal reward. No doubt this act of kindness to a group of orphaned children is part of their written record. Their children and grandchildren can be proud of what their fathers and grandfathers did to make Christmas a happy occasion for some children who were orphaned 70 years ago. They followed the example set by the Master Teacher when He said, “Let the little children come to Me and do not hinder them. For such is the Kingdom of Heaven. And he laid his hands on their heads and blessed them” (Matthew 19:4).

I end this nostalgic trip down memory lane on a personal note: John Browne and I took the train south to Goeppingen, Germany, base of the 28th Infantry Division, to spend Christmas Day with my cousin , Grover Holder. Once there, we met other Mount Airy men, including Bass Shelton, whose home was on Franklin Street. Fred Murphy, who along with his brothers had a country music program on WPAQ Radio in the late 1940s.

John Browne, upon returning home, worked in the office supply business for many years. He served for nine years on the Mount Airy City Schools Board of Education and for 22 years as Mount Airy City Commissioner. Grover Holder became a Baptist minister serving churches in North Carolina and Virginia for more than 50 years. Fred Murphy, back home, continued his career in country music. I was a teacher/administrator for 36 years in Mount Airy City Schools and Surry Community College.

Christmas 1951 might have been a lonely and depressing day, but the true American spirit of helping others brought joy and a festive spirit, both to a group of orphaned children and to a group of men, 3,000 miles from home. The true spirit of Christmas giving can be found and practiced wherever one is on this special day.

Editor’s Note: Reader’s Diary is an occasional feature in The Mount Airy News, featuring memories and stories from local residents.

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Stakes are high as megacaps mark big earnings week https://piazzacarlogiuliani.org/stakes-are-high-as-megacaps-mark-big-earnings-week/ Sat, 23 Apr 2022 04:46:46 +0000 https://piazzacarlogiuliani.org/stakes-are-high-as-megacaps-mark-big-earnings-week/ NEW YORK: Investors are hoping a flood of U.S. quarterly reports next week, including those from megacap growth giants, will confirm a strong earnings outlook for U.S. companies and bolster the case for stocks after a start difficult year.

Nearly 180 companies in the S&P 500, representing about half the market value of the benchmark, are due to report results next week. They include the four largest US companies by market capitalization: Apple, Microsoft, Amazon and Alphabet, Google’s parent company.

The latest set of results comes amid warmongering by the Federal Reserve and a rapid rise in bond yields that has sparked unease about whether policymakers will hurt the economy as they battle against the worst inflation in nearly four decades. The S&P 500 fell in April and was down 10.4% so far this year after a strong sell-off on Friday.

With monetary policy weighing on equities, optimistic investors are counting on a strong corporate outlook to support markets, increasing pressure on companies to report strong earnings and guidance. According to Refinitiv IBES, S&P 500 companies are expected to increase earnings by 9% this year.

“That’s probably the strongest argument you can make for owning stocks at this point, that corporate earnings are still very strong,” said Charlie Ryan, portfolio manager at Evercore Wealth Management. “Any deterioration in corporate earnings growth and the pace of that growth would spook the market.”

So far, investors have been quick to punish the stocks of companies with disappointing results, especially those with high valuations. A recent victim was Netflix, whose shares fell around 35% in a single session after the streaming giant reported its first drop in subscribers in a decade.

Although stocks have fallen since the start of the year, the S&P 500 is still trading at about 19 times forward earnings estimates, above its long-term average of 15.5 times.

“We are in a show-me type environment. I think the next week will be critical for tech and high-growth stocks, especially high-value stocks,” said Anthony Saglimbene, global market strategist at Ameriprise. “They better prove they deserve those multiples right now.”

Investors will focus on earnings from Apple, Microsoft, Amazon and Alphabet, which together have a market value of around $8 trillion and represent one-fifth the weight of the S&P 500. All of these megacap stocks have shrunk this year, with Apple down around 9%, Amazon down 13.4%, Alphabet down 17.4% and Microsoft down 18.5%.

Earnings expectations for these companies are subdued for the quarter ended in March. Microsoft is expected to have increased its adjusted earnings per share by 12% over the prior year period, Apple by 2%, while Alphabet is expected to show a decline of 0.7% and Amazon a decline of 49%, according to Refinitiv data. Overall, S&P 500 companies are expected to increase quarterly earnings by 7.3%.

“Expectations are low, but that doesn’t mean it’s not important,” said James Ragan, director of wealth management research at DA Davidson. “If we’re going to achieve that 9% (earnings growth) for the year or even better than that, it’s hard to imagine we’re going to do that without having better-than-expected earnings from megacap companies.”

In addition to the top four companies, results are expected next week for a range of companies, including Facebook owner Meta Platforms, payments companies Visa and Mastercard, oil majors Chevron and Exxon Mobil and consumer companies Coca- Cola and Pepsico.

Beyond the bottom line and financial outlook, investors will also be looking to see if companies can maintain profit margins as inflation threatens to drive up their production costs. S&P 500 companies are expected to see their net profit margins fall to around 13% in 2022, from a record 13.4% last year, JPMorgan said in a note this week.

Of the 99 S&P 500 companies that have released reports so far, 77.8% reported earnings above analysts’ expectations, Refinitiv IBES said. This rate is higher than the typical beat rate of 66% for a quarter since 1994, but lower than the rate of 83% for the past four quarters.

“The stock market … is waiting for this barrage of profits,” Saglimbene said. The market is “beholden to what companies are saying about the second quarter and beyond.”

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Lorraine Ugen: Britain’s long jump battle for fitness and finances https://piazzacarlogiuliani.org/lorraine-ugen-britains-long-jump-battle-for-fitness-and-finances/ Thu, 21 Apr 2022 14:58:32 +0000 https://piazzacarlogiuliani.org/lorraine-ugen-britains-long-jump-battle-for-fitness-and-finances/
Lorraine Ugen’s world indoor bronze in Belgrade in March came six years after winning the same medal in Oregon

At first you don’t see it.

It’s October 2020, nine months from the Olympics, and Lorraine Ugen is lying on a massage table. The British long jumper’s legs dangle from the end, her eyes are fixed on a point on the ceiling.

Ugen has just started rehab after surgery to fix a hamstring she had, in her own description, “ripped out.” Across the room, physio Michael Giakoumis asks him to lift his leg and point his toes.

She does. And then you see it.

His right leg, the one that carries many times the weight of Ugen’s body on takeoff, and propels him down the long jump track, through seven meters of clean air is, in his words, “a twig”.

Her lower leg is the same circumference all the way – there’s no curve or bulge. The calf muscle has become almost nothing. It’s the same circumference as his ankle.

As Ugen swings his leg and stares at the ceiling, qualification for the delayed Tokyo 2020 Olympics suddenly seems a long way off.

At this point, Ugen is 10 months away from his 30th birthday. People tell him that maybe it’s time to retire from elite sport.

But not only did she make it to Tokyo, but she continues to compete in the face of physical and financial difficulties. This is the story of how.

“Winning a medal told me I could compete at the elite level”

Ugen ignored his doubters. She went on and trained hard. Giakoumis, Helen van Kempen and the rest of the British Athletics support team helped her regain her strength. She was part of the British Olympic team.

She couldn’t make the long jump final in Tokyo, but she continued to improve.

And then in March of this year, she won bronze at the World Indoor Championships in Belgrade.

It was not his first major medal. Six years prior, she won world bronze in Portland, Oregon. But this time the emotions were different.

“Secretly, I enjoyed this one a bit more,” she told BBC Sport.

“Winning a medal let me know that I could get back to the elite level, that I could compete against the best in the world and get back on the podium.

“It gave me confidence that I’m good enough, back and ready to go.”

But this World Indoors campaign could have ended very differently.

His first two jumps had been faults. The cut – after which only the top eight jumpers continue – came after three. She had no room for mistakes. Another fault and she would be excluded from the competition without registering a mark.

This has been a problem throughout his career – keeping his footwork precise on the board as his sprint speed peaks and the pressure mounts.

“I was like, ‘Please don’t start this madness again! I need you to fix this,'” Ugen said.

“I knew I was fit and had the ability to get on the podium.”

The hamstrings were repaired, the calf was strong, but she needed something to soothe the most important muscle of all.

She turned to her coach in the stands. Dwight Phillips is a former Olympic gold medalist, four-time world champion. He knew what to say. Ugen knew how to listen.

“Normally people walk away from the set if they foul, but he told me to move in,” Ugen said.

“The psychology was that I was in a hurry, I had no more space, I had to put my foot down.

“In the long jump, it goes hand in hand, technique and trust in your coach.”

“People see you on TV and assume you make a lot of money”

However, Phillips can’t always be there because alongside his fitness struggle, Ugen also has to make financial decisions.

She is at the highest level of funding allocated by British Athletics, an arrangement worth up to £28,000. But there are still compromises to be made.

Taking Phillips’ tab to travel to Europe from its base in Atlanta is possible for some events, but not all. Physio sessions in the United States are not cheap. Gym tips may come from a search engine rather than a dedicated strength and conditioning coach. Down the road, Ugen must make a choice between health and wealth when it comes to fast food options.

Sponsors would help. But, for the moment, Ugen does not have one. It was discontinued by sportswear brand Spyder in December 2020.

But, just like on that massage bench, she didn’t take it lying down.

Ugen is now competing in its own brand, the one it designed, manufactured and modeled. It is called Unsigned.

“It’s about building a community of athletes, so people don’t feel ashamed and have to hide the fact that they don’t have sponsors,” Ugen said.

Lorraine Ugen
Ugen takes part in its own brand of kits, aimed at raising the profile of athletes without sponsorship agreements

“People see you on TV and automatically assume you’re making a lot of money. They don’t realize we’re world-class athletes, winning medals, competing at the highest level of sport, without a kit sponsor.”

The plan is for athletes to wear the brand and attract their own endorsement deals, while fans buy it and support the sport’s underdogs.

Unsigned first appeared on UK tracks at February’s indoor Grand Prix in Birmingham. He’ll be back there on May 21 when Ugen takes on Olympic, World and European champion Malaika Mihambo in a stellar Diamond League field.

“It’s a really stacked roster. In a world championship year, it’s going to be great to compete against some of the best girls in the world early in the season,” Ugen said.

“Everyone is going to be looking to see what shape people are in, what everyone looks like.”

As Ugen knows though, you can’t always see everything. Physical fatigue, mental pain, financial gambling – there are many things that go unnoticed.

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