RK Cimos Koper goes to history!

first_imgSlovenia will be the first team to practice after corona-virus delay Related Items:Handball bankrupt, RK Cimos Koper, Slovenian handball Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Recommended for you Click to comment ShareTweetShareShareEmailCommentsBad evening and missed chance to qualify for the Men’s EHF EURO 2014 in Denmark, isn’t the only problem of Slovenian handball right now. Last year EHF Champions League TOP 8 team, also Challenge Cup winner and SLovenian champion from 2011, RK Cimos Koper annonuced yesterday that club will stop to exist due financial collapse! Financial problems began earlier this year, but at the end they totally destroyed the succesful team from Slovenian seaside. Club’s management tried to make agreement with the players, which got offer to resize their incomes for 25%, but at the end,there were no deal between two sides.After a few weeks of uncertainty, Cimos Koper goes to history definitely as some previous serious handball project in Slovenia – RK Prule or RK Gold Club. Slovenia beat Iceland to come close to Olympic qualifications ShareTweetShareShareEmail Slovenia secure Olympic qualifications and place in Stockholm!last_img read more

Trump: ‘I should be given some help’ by Fed

first_imgPresident Donald Trump on Monday said he would criticize the Federal Reserve if it continues to raise interest rates, setting up a potential clash next month when the central bank is expected to do just that.“I’m not thrilled with his raising of interest rates, no,“ Trump said of Fed Chairman Jerome Powell in an interview with Reuters.Powell was nominated by Trump in November and took the helm of the central bank in early February. Since then, the Fed has hiked rates twice and has signaled that it will do so again in September. According to Reuters, Trump said he was unhappy that other countries‘ central banks were keeping the value of their currencies low. A weaker currency makes exports cheaper and imports more expensive.“We’re negotiating very powerfully and strongly with other nations,” Trump said. “We’re going to win. But during this period of time I should be given some help by the Fed. The other countries are accommodated.”Asked whether he believes in the Fed’s ability to make decisions independent from political considerations, Trump said, “I believe in the Fed doing what’s good for the country.”“Am I happy with my choice [of Powell to lead the Fed]?” Trump said to Reuters. “I’ll let you know in seven years.”The president, a real estate mogul, has repeatedly mentioned his preference for low interest rates. He reportedly told attendees at a fundraiser on Friday that he is disappointed by the chairman, saying his advisers told him Powell likes “cheap money.”Powell, who had already served on the Fed board for six years before becoming chairman, was seen as more sympathetic to Republican calls for a simpler rule book for banks, yet also in line with former Chair Janet Yellen on interest rate policy. Apart from the president’s opinions, the Fed faces a complex balancing act. If it raises rates too quickly, without being warranted by strong growth, it could strangle the expansion. But leaving rates low could spur out-of-control inflation. Or it could spark stability concerns by encouraging financial institutions to make riskier investments to turn a profit, since they earn less interest on loans. Also On POLITICO Trump says he could ‘run’ Mueller probe By Brent D. Griffithscenter_img Other finalists for the job – former Fed Governor Kevin Warsh and Stanford economist John Taylor – were widely expected to be more aggressive in hiking rates.Trump openly criticized Powell for the first time in July.In recent decades, it has been considered taboo for the president to comment publicly on the Fed’s monetary policy decisions, though it is not without precedent.In a speech in Sweden in May, Powell indirectly referred to a previous Fed chairman, Arthur Burns, who was pressured by President Richard Nixon in the lead-up to the 1972 presidential election to keep interest rates low.That episode eventually contributed to a rapid rise in prices, requiring one of Burns’ successors, Paul Volcker, to raise interest rates as high as 20 percent to combat inflation.“For a quarter century, inflation has been low and inflation expectations anchored,” Powell said at the time, in a veiled message to Trump. “We must not forget the lessons of the past, when a lack of central bank independence led to episodes of runaway inflation and subsequent economic contractions.”last_img read more