Archive for August, 2011

Bank could keep rates low until 2013

Thursday, August 11th, 2011

Bank could keep rates low until 2013

The Bank of England today gave a clear signal that the UK will mirror the United States in keeping interest rates at record lows until 2013.Nike Mercurial Vapor Superfly soccer shoes

While Sir Mervyn King refused to follow US counterpart Ben Bernanke in pledging low rates, today’s figures echo the City’s view that inflation will be below its 2% target in two years’ time - even with rates at around 0.5%.

Economists said the latest projections show that the Bank could hold off from raising rates until 2013, extending a run that has seen the cost of borrowing stay at its record low for 29 months.

The prospect of an extended freeze in rates has already driven the price of a fixed rate mortgage to an all-time low as lenders factor in a longer spell with the Bank’s base rate at rock-bottom.

However, it has meant more misery for pensioners and savers who will continue to suffer low returns on their money.

The US Federal Reserve gave a lift to beleaguered stock markets yesterday by announcing that US interest rates were likely to stay at their “exceptionally low levels” until at least mid-2013.

Sir Mervyn stressed that given how quickly things can change he would not be echoing the Fed in explicitly committing to keep interest rates on hold.

He also kept markets guessing about whether more quantitative easing is on the cards,nike tatal 90 soccer shoes stressing that more stimulus measures depended on the outlook for inflation.

Market forecasts are for interest rates that edge up from 0.50% to 0.75% around the start of 2013. They are then seen rising very gradually to 1.50% in late-2013/early-2014 and to around 2% by the third quarter of 2014.

The forecasts are based on the assumption that the stock of quantitative easing is kept at ￡200 billion.

Vicky Redwood, senior UK economist at Capital Economics,Argentina soccer uniform said: “Given just how far market interest rate expectations have fallen in the last few weeks, there was a risk that the report would signal that markets had got ahead of themselves.Final Fantasy gil

“But in fact, the report appeared fully to endorse the recent drop in rate expectations.”

Howard Archer, chief UK economist at IHS Global Insight, added: “The fact that consumer price inflation is seen modestly below its 2% target level on the two-year horizon based on these assumptions suggests that the Bank of England could even hold off from raising interest rates until well into 2013.”

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Who can complete the ‘Chubby Slam’

Thursday, August 11th, 2011

Who can complete the ‘Chubby Slam’

“The Chubby Slam” may sound like a canvas-rocking tactic employed by the likes of Giant Haystacks in the Seventies wrestling scene but, in fact, it could be the most remarkable achievement in the history of British sports management.

If one of the nine players overseen by ISM prevails at next week’s USPGA Championship it will mean that this agency in Cheshire has won all four majors in 2011. The boss is one Chubby Chandler, for whom the description “larger than life” seems invented.

Chandler,Roger Vivier flat shoes a former pro whose decade and a halfMAC makeup remover on Tour never reached a higher peak than winning in Sao Paulo, set up ISM in 1989 with a ￡10,000 overdraft and, in his own words, “not much of a clue”. Twenty-two years later and he boasts such strength of hand that suddenly he has become the story. Despite Chandler’s fondness of a tape recorder he finds this bizarre. “I’m embarrassed about everyone calling it the ‘Chubby Slam’,” says the Boltonian. “Let’s face it, it’s because of my nickname and it sounds good.Golf Putters If I had just remained plain old Andrew Chandler, nobody would have been going on about the ‘Andrew Slam’ would they? And neither should they. It should be all about the players and when the golf gets started next Thursday, thankfully it will be.”

Chandler waited more than 80 majors and two decades for ISM’s breakthrough, but Louis Oosthuizen’s win at last year’s Open started the run of four majors from the last five. “Of course it will mean plenty to ISM if we can sweep the majors,” he says. “Yes, it would be a testament to the brilliant staff we have; but more so to our guys with the clubs in their hands. What a bunch they are. Each of them is different.prada sunglasses wholesale”

And each of them take some explaining. Chandler sat down with The Independent to outline their chances of landing the dream four-timer at Atlanta Athletic Club in a week’s time.

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Nerveless Laugher springs forth as world-class talent

Thursday, August 11th, 2011

Nerveless Laugher springs forth as world-class talent

Double world junior champion Jack Laugher hopes he can one day enjoy his time in the spotlight currently occupied by Tom Daley after an eighth-placed finish in the 3 metre springboard final on his World Championships debut yesterday that belied his 16 years.

The Harrogate diver was far from out of place among a world-class field in Shanghai and appeared to be completely unaffected by nerves. His total of 453.50 points secured eighth, which in turn sent the teenager into next year’s World Series, while booking a place for Great Britain at the 2012 Olympics, although not for Laugher himself as he will still have to qualify.

While Daley was winning senior international titles at 14 and became world champion at 15, Laugher appears to be making a seamless transition from junior to senior ranks.

Last year the Damian Ball-trained diver claimed double European Junior gold and went on to replicate his achievements at the World Junior Championships in Arizona. The then 15-year-old reached the 3m synchro final with Nick Robinson-Baker at the Commonwealth Games in Delhi, coming seventh, as well as 11th in the individual event.

Laugher revealed that Daley had imparted advice on controlling nerves and staying calm,nfl throwback jerseys from china and said he was flattered by comparisons being made to the 17-year-old, who until tomorrow at least is the world 10m platform champion.

“It’s very nice to be compared to Tom Daley, he is an amazing representative for the sport,Christian Louboutin Pump” Laugher said. “He is such a good talent but there is a big difference between springboard and platform diving.NFL Football Jerseys. It would be great to live up to what he has done and the achievements he has got.

“Yes, it would be nice to have that kind of spotlight, I guess.BlackBerry Wholesale I don’t really know what his life’s like but it would be nice to get to his level and then you never know what’s out there.”

Describing the competition as “absolutely great”, Laugher had few nerves, saying: “I tried to put them to the back of my mind. I tried not to think of it as it as a world championships, but as a home competition or practice.”

The event was won by China’s He Chong, the hosts having won every gold medal so far.

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Farah full of confidence while Ennis rounds off top weekend

Thursday, August 11th, 2011

Farah full of confidence while Ennis rounds off top weekend

With due respect to Andy Vernon of Aldershot Farnham and District Athletics Club and the rest of the 5,000m field at the Aviva UK Trials and Championships yesterday, there will be tougher opposition for Mo Farah to tackle before the summer is out. Kenenisa Bekele of Ethiopia,Nfl bears jersreys cheap for one.Roger Vivier flat shoes

The reigning world and Olympic champion and world record holder at 5,000m and 10,000m,Dropship soccer jersey Bekele has not raced since January last year but is planning a comeback to defend his 10,000m title at the World Championships in Daegu, South Korea, at the end of the month. He has never been beaten at the 25-lap distance.

Farah has been unbeaten in his last nine races now, having shot past Vernon with 300m remaining yesterday to claim a formality of a national title in Birmingham in 14min 00.72sec – more than a minute outside the British record time he set in Monaco 10 days ago. On the strength of the razor-sharp form he has been showing since hitting the Oregon trail and teaming up with Alberto Salazar, the 28-year-old Londoner – not Bekele or any other of the Ethiopians or Kenyans – will line up as the man to beat when the world 10,000m title will be on the line on Sunday 28 August.

Asked whether he believed he could win gold in Daegu, Farah replied: “I think there’s definitely a good chance. It’s nice to have that confidence but running in championships and running fast times are very different.

“Bekele is a different class. He’s run 12:37, so he’s a completely different level. But at the same time it would be nice to race someone who is so good. I can’t say I feel invincible, but I do feel I’m ready. I’ve definitely got confidence.digital video recorders I’m going out there believing I can win a medal.”

That belief is likely to be strengthened by a third British record of the summer for Farah at the Aviva London Grand Prix at Crystal Palace on Friday night. He runs in the 3,000m, with Dave Moorcroft’s 29-year-old figures of 7:32.79 at his mercy.

Sadly, the other British athlete occupying a top place in the world rankings, Jessica Ennis, the queen of the heptathlon world, will not be in action at the Palace. The 100m hurdles in the low-key LEAP Meeting at Loughborough on 11 August will be her final outing before she defends her world crown in South Korea.

It will also be the Sheffield woman’s last competitive appearance in Britain before the home Olympic year of 2012 comes round. Still, the crowd at the Alexander Stadium saw plenty of Ennis in hurdling, jumping and throwing action on Saturday and Sunday.

The great British all-rounder started off on Saturday by equalling her outdoor personal best in the shot, 14.25m, then cleared 1.89m for victory in the high jump and clocked 12.96sec for second place behind British record holder Tiffany Porter in the 100m hurdles. Yesterday she took third place in the long jump with 6.44m, a season’s best, and finished 10th in the javelin with 42.93m.

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