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  • Hincapie Gran Fondo in Greenville, S.C., October 25

    first_imgThe third annual Gran Fondo Hincapie is set for October 25, 2014, at Hotel Domestique — just outside of Greenville in South Carolina’s Blue Ridge Foothills.Chosen by Bicycling Magazine readers as a 2014 “Celebrity Ride Bucket List” event, Gran Fondo Hincapie traverses roads George Hincapie covered countless miles training on throughout his career. Participants will ride alongside the legendary cyclist as well as other pro racing stars of the past, present and future including the HIncapie Sportswear Development team and sponsored triathletes. Proceeds will benefit three Greenville-area charities including Meals on Wheels.Fondo riders have three routes to choose from varying in length and difficulty:• Gran, an 80-mile test of endurance with more than 7,000 feet of climbing• Medio, a 50-mile, slightly shortened version of the Gran with picturesque views• Piccolo, a 15-mile challenge that offers a more leisurely option through the rolling foothills• For those looking for spirited competition, the fastest men’s and women’s riders up the Gran route’s timed segments will earn King of the Mountain honorsAll Gran route participants will receive a custom, commemorative Hincapie Sportsear jersey. Cyclists wanting a true VIP experience can book a Platinum Package, which includes three days of recon rides with George, followed by daily massages. The Platinum Package includes all meals plus lodging at Hotel Domestique.Continuing the Hincapie’s dedication to aspiring young cyclists, registration is free for juniors 16 and under. There’s also a kid’s route, open to young cyclists wanting to take part in the excitement of the Gran Fondo.More than just a ride, the Fondo’s festival atmosphere offers fun for the whole family, with kid’s races, fun runs, exhibitors and a large selection of food vendors and entertainment throughout the day.The Hincapie Gran Fondo is sponsored by Hincapie Sportswear, Greenville Health System, WD-40 Bike, Fleetwood RV, Freightliner, HED, Bonk Breaker, GU, Carmichael Training Systems, Hotel Domestique, Restaurant 17, Bicycling Magazine, New Belgium Brewing, T Edwards Wines, Papa John’s and Pepsi.last_img read more

  • Nor’easter Dumps Up to 18 Inches of Snow on Long Island

    first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The third nor’easter to hit Long Island in two weeks brought between one and 18 inches of snow to parts of the region, meteorologists said.Topping out at 18 inches of snow WAS Southampton, while on the low end, Massapequa got 1.6 inches. About 5,000 PSEG Long Island customers lost power during the storm.“It’s for some areas a lot less snow than the last one and a lot less wind,” said Melissa DiSpigno, a forecaster with the National Weather Service’s Upton office.The snow tapered off Tuesday afternoon before going out to sea.The storm comes after nor’easters on March 2 and March 6 caused flooding, beach erosion and downed trees and power lines, leaving thousands without power. Some PSEG Long Island customers just got their power back Saturday after nearly nine inches of snow fell on parts of LI in the last storm.There is still a chance rain and snow Wednesday. After that, partly to mostly sunny skies with temperatures are on tap for LI through the weekend.last_img read more

  • Asia stocks set to fall on Fed’s dour outlook

    first_imgAustralian S&P/ASX 200 futures were down 1.08 percent, while Japan’s Nikkei 225 futures fell 1.2 percent. Hong Kong’s Hang Seng index futures were 0.31 percent lower.The S&P 500 and Dow Jones benchmarks both moved between gains and losses after the Fed statement, which was the first projections from the US central bank on the economy since the coronavirus outbreak.An S&P index of bank shares, which tend to benefit from rising rates, fell 5.8 percent in its biggest daily percentage decline since April 15, and the S&P 500 financial index was the biggest drag on the benchmark index.“The broad downgrade in banking stocks came as the market wasn’t sure what the extent of their loan loss provisions would be,” Cox said. Asian stocks were set to fall on Thursday after gloomy economic projections from the US Federal Reserve sent the greenback and most Wall Street shares lower.Fed officials at their policy meeting on Wednesday said US gross domestic product is expected to decline 6.5 percent this year. They also flagged the need to keep the key interest rate near zero through at least 2022.“The Fed is basically saying they’re going to keep the system solvent and at the macro level there’s no room for failures but at the micro level there’d be some businesses that won’t survive,” said Jamie Cox, Managing Partner at Harris Financial Group. The Nasdaq benchmark, however, continued its record-breaking rally for the third consecutive session helped by gains in shares of Microsoft and Apple, with investors viewing technology as a defensive sector with massive growth opportunities, Cox added.On Wall Street, the Dow Jones Industrial Average fell 1.04 percent, the S&P 500 lost 0.53 percent, while the Nasdaq Composite gained 0.67 percent.The dollar fell to a three-month trough against the euro, sterling and Swiss franc after the Fed’s pledge to keep monetary policy loose until the US economy is back on track.The greenback fell about 0.4 percent against a basket of major currencies to 95.882 after earlier sliding to 95.714, a level not seen since mid-March.The euro rose as high as US$1.1422 and sterling reached $1.2812, with the dollar hitting a three-month low of 0.9425 franc versus the Swiss currency.US Treasury yields fell as the Fed promised to maintain monthly bond purchases at “the current pace” of about $80 billion in Treasuries and $40 billion in agency and mortgage-backed securities.Benchmark 10-year Treasury yields fell 9 basis points to 0.744 percent. Two-year yields, which are the most sensitive to rate changes, fell 3 basis points to 0.177 percent.Oil rebounded from earlier losses, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand.Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a US Energy Information Administration report. [EIA/S]Brent crude settled up 55 cents to $41.73 a barrel. US West Texas Intermediate (WTI) rose 66 cents to $39.60 after falling more than 2 percent in the session.Topics :last_img read more

  • Trophy of the Eurobasket Winner in Sarajevo on 18th August

    first_imgTrophy of the winner of 39th edition of the European Basketball Championship will arrive to Sarajevo on 18th August.The capital of B&H is the 18th station at the tour through 23 European cities. Fans and citizens of B&H will have an opportunity to take photos with the trophy that is, since 1995, being awarded to the most successful national team of the European Championship. Frenkie, the official mascot of Eurobasket will arrive with the trophy.The trophy started a journey on 19th May from Riga, capital of Latvia, a country that won the title of the first European champion in 1935 at the European Championship in Geneva. It will finish its journey through the Old Continent in Koln in Germany on 30th August.It is made of gold and silver, weighs 18 kilograms and is decorated with 24 gems.Ukraine should host this year’s European Championship, but due to the bad security situation, FIBA Europe decided to, for the first time, include four countries and five cities in the organization of Eurobasket.The first, group, phase will be played in Zagreb, Berlin, Riga and Montpelliere, while the knockout phases, from eight-finals onwards, will be played in Lille at the stadium Pierre-Mauroy that has a sliding roof and its capacity will be reduced to 27.000 places for this occasion.(Source: klix.ba/ Photo: bhbasket.ba)last_img read more

  • Govt’s caretaker status puts State contracts at risk – PSC

    first_img…advises members to seek legal adviceThe uncertain footing of the A Partnership for National Unity/Alliance for Change (APNU/AFC) Government has put private sector contracts with the State at risk— a possibility heavily criticised by the Private Sector Commission (PSC).Despite the CCJ rulings, the Government said in a statement recently that Cabinet had not stopped functioningIn a strongly worded statement on Wednesday, the PSC slammed the behaviour of President David Granger and his Government, who despite being toppled by a No-Confidence Motion, have been criticised for seeming reluctant to go to the polls and comply with the Constitution and Court rulings.“It is the Private Sector’s view that the President, by his behaviour, has put at risk all private sector entities and other organisations made subject to contracts and any other action authorised by the Cabinet, by presuming them to be legal. The Private Sector Commission has, therefore, advised its members to seek legal advice in this regard,” the Commission stated.According to the PSC, the President announcing that Cabinet shall continue to function is “totally unacceptable”, noting that this means that the President is refusing to honour the Constitution of Guyana.Article 106 (6) of the Constitution of Guyana states: “The Cabinet including the President shall resign if the Government is defeated by the vote of a majority of all the elected members of the National Assembly on a vote of confidence”.Meanwhile, Article 106 (7) states: “Notwithstanding its defeat, the Government shall remain in office and shall hold an election within three months, or such longer period as the National Assembly shall by resolution supported by not less than two-thirds of the votes of all the elected members of the National Assembly determine, and shall resign after the President takes the oath of office following the election”.“It is totally unacceptable, therefore, to the Commission that the President has refused to honour the Constitution in announcing that the Cabinet shall continue to function. The Caribbean Court has stated that “by convention, the Government is expected to behave during this interim period as a caretaker and so restrain the exercise of its legal authority,” the PSC made clear.CaretakerSince the Government fell to the no-confidence vote on December 21, 2019, Opposition Leader Bharrat Jagdeo has always maintained that the Government should be acting in a caretaker capacity only and not be entering into large scale contracts.Jagdeo’s position was vindicated by the CCJ on Friday last when it ruled that the Government should be in a caretaker status. CCJ President Adrian Saunders had outlined that the Cabinet, including the President, should have already been resigned, thus, reaffirming that the APNU/AFC coalition is, in fact, and should be in a caretaker mode leading up to elections.“Article 106 envisaged that the tenure in office of the Cabinet, including the President after the Government’s defeat, is on a different footage from that which existed prior to the vote of no-confidence…By convention, the Government is expected to behave, during this interim period, as a caretaker and so restrain the exercise of its legal authority. It is this caretaker or interim role that explains the three-month deadline in the first instance that the Article lays down in principle for the holding of fresh elections,” Justice Saunders stated.Since the post-judgement hearing at the CCJ last month, Guyana Elections Commission (GECOM) lawyer Stanley Marcus and Attorney General Basil Williams had both argued that the Article 106 (7) provision meant the President and his Cabinet had to remain in power until after a new President was sworn in.But CCJ Judge Justice Jacob Wit had also debunked this argument. He had noted that it is international practice that following a successful No-Confidence Motion, a caretaker Government is usually left in place with a limited timeframe in which to carry out snap elections.He had made it clear that contrary to the Government’s arguments, a provision for a caretaker Government does not have to be explicit in the Constitution, as this is a standard and recognised international practice.On January 18, it had been announced that Cabinet noted the award of a total of 36 contracts that went through the National Procurement and Tender Administration Board (NPTAB). These multi-million dollar contracts ranged from the construction and rehabilitation of roads to the construction of pump stations and the supply of fibre optic cables to the National Data Management Authority.In a statement a few days ago, the coalition Government claimed that it accepted its “interim” status, but that it would continue to function in the interest of the State and that Cabinet has not stopped functioning.last_img read more