ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » What is the biggest objection to banking with you? Many credit unions and community banks point the finger at rates and service, and then tack on a qualifying statement, “but we’re competitive.” There’s not a lot of confidence or conviction there.If you have 15 seconds to communicate a message, keeping in mind that the average person now has an attention span of eight seconds – a second slower than your average goldfish – what do you say? What makes us human is our need to be loved, understood and respected. Therefore, we spill our guts out. Or to put it another way… word vomit.It truly is like going on a nervous date, and the conversation is one-sided. The last thing you want is for the other person to go home feeling you were not at all interested in getting know him or her.What’s the age-old answer to what women (and men) want? They want someone who wants to discover them.
Indonesia announced 1,853 new COVID-19 cases on Wednesday, the highest single-day increase since the emergence of its first cases in early March, bringing the total number of infections nationwide to 68,079.National COVID-19 task force spokesperson Achmad Yurianto’s daily report also showed that 50 more people died from the disease, which puts the death toll at 3,359. East Java, the country’s new epicenter of the COVID-19 outbreak, again reported the highest spike on Wednesday with 366 new cases. Jakarta also saw its largest daily increase with 357 new cases. Central Java recorded 205 new cases while South Sulawesi saw 166 cases and South Sumatra saw 156 cases.Yurianto said the spike of COVID-19 cases did not necessarily mean there was an increase in the number of COVID-19 inpatients.“Most of the newly confirmed cases are people with mild to no symptoms who don’t need to be isolated in hospitals. We have ordered them to self-isolate at their respective homes,” Yurianto said during a press briefing on Wednesday.Health authorities have reported 31,585 recoveries as of Wednesday.Topics :
MiFID II will accentuate every trend affecting the European asset management industry today, according to Moody’s.The credit ratings agency said the new EU financial legislation would accelerate a move to cheaper passive funds, sharpen competition and drive consolidation.It could also lead to more regulation, as a result of detailed costs and other data becoming visible for the first time.Depending on their asset allocation and responses to ongoing pressures, European asset managers’ effective fee rates could fall 10%-15% over the next three years as a result of cost disclosure requirements under MiFID II, according to Moody’s. MiFID II was also likely to accentuate a trend for asset managers to shift from offering traditional benchmark-driven funds to offering outcome-oriented solutions that aimed to meet investors’ financial goals, the agency said.Managers were already on this path in a response to scepticism about the value of active management, said Moody’s, but new MiFID II product governance and product suitability rules could push them further in this direction.Coming on top of fee pressure, the cost of complying with MiFID II was likely to lead to consolidation among smaller asset managers because they lacked the scale to absorb the extra costs, according to Moody’s.It cited an estimate from consulting firm Opimas that the 15 largest asset managers spent an average of €10.3m to implement MiFID II, and that maintenance costs will amount to around €4.5m a year for the next five years.Moody’s estimated that managers’ costs could increase by between 0.5% and 5%, taking into account compliance, disclosure, budgeting, audit requirements and investment research costs. Overall, it meant that MiFID II was “credit negative” for the asset management industry.“The introduction of MiFID II will put pressure on asset managers’ profits by lowering their effective fee rate and increasing their costs,” said Marina Cremonese, senior analyst at Moody’s.“However, cost saving initiatives, new investment solutions and mergers and acquisitions will likely offset some of the negative effects, limiting their credit impact.”Cremonese has also said MiFID II would probably encourage greater use of exchange-traded funds by institutional investors because they would be able to know full trading volumes and liquidity levels.Commenting on MiFID II a day before its entry into force, fellow credit ratings agency Standard & Poor’s (S&P) said it saw the regulatory regime as “somewhat negative” for asset managers. It was “generally negative” for brokers and all but the largest investment banks, “slightly positive” for exchanges and other trading venue operators, and “manageable” for most other banks.With regard to asset managers, S&P said it did not foresee market dynamics changing dramatically in the near term, but that it could be a catalyst for consolidation among active managers given the pressures they were already under.
The Borussia Moenchengladbach striker has scored four times in as many games since the Bundesliga resumed last month to reach double digits in his debut season in Germany.Thuram, the son of 1998 World Cup winner and anti-racism activist Lilian, made a statement of his own in last Sunday’s 4-1 win over Union Berlin, kneeling and bowing his head after scoring the first of his two goals, in a gesture reminiscent of past protests by NFL players in the US against racism and police brutality.Gladbach return to action on Friday at Freiburg as they jostle with RB Leipzig and Leverkusen for Champions League qualification.Key stats86 – Bayern’s league goals this season. No team has ever scored as many times through 29 games of a Bundesliga campaign.17 – seconds Stefan Ilsanker was on the field before scoring against Werder Bremen. The Austria international struck twice in Wednesday’s 3-0 victory after coming on as a late substitute.308 – Bundesliga appearances made by Japan’s Makoto Hasebe, an Asian record he shares with South Korean great Cha Bum-kun.Fixtures (all times GMT)FridayFreiburg v Borussia Moenchengladbach (1830)SaturdayRB Leipzig v Paderborn, Bayer Leverkusen v Bayern Munich, Eintracht Frankfurt v Mainz, Fortuna Dusseldorf v Hoffenheim (all 1330), Borussia Dortmund v Hertha Berlin (1630)SundayWerder Bremen v Wolfsburg (1130), Union Berlin v Schalke (1330), Augsburg v Cologne (1600)Share on: WhatsApp Jadon Sancho calls for justice following the death of George Floyd in the United StatesBerlin, Germany | AFP | Bayern Munich face one of the final obstacles in their hunt for an eighth consecutive Bundesliga title this weekend as players in Germany contemplate staging collective protests following the death of George Floyd in the United States.The German FA said on Wednesday footballers including Jadon Sancho who paid tributes to Floyd during last week’s games would not be punished, with calls since growing from several Bayern players for further action.“Sport always was and is able to share the power, to try to show to the world we are a community and that we are strong together,” said Bayern forward Thomas Mueller, ahead of Saturday’s game with Bayer Leverkusen.“We have so many different people in the sport, it doesn’t matter the colour. Sports have the power to bring people together to speak with one tongue.”Joshua Kimmich revealed Bayern players have talked about using their platform to reinforce their stance against racism, while World Cup winner Jerome Boateng urged more famous white sportspeople to add their voices to the chorus of outrage over Floyd’s death.Floyd, a black American man, died after a white policeman kneeled on his neck for several minutes. His death has sparked several days of protests in US cities, some of which have turned violent amid accusations of further police brutality used against demonstrators.– ‘We can do much more’ –“Our voices carry, we have a platform and we touch many people,” Boateng, whose father is from Ghana, told Deutsche Welle radio.“All white sportspeople who don’t speak out are obviously not racists, but of course it is desirable that they also use their notoriety for this cause. Many do it, but I think we can do much more.”With five games remaining Bayern hold a seven-point lead over Borussia Dortmund, whose players took a knee during Thursday’s training session in support of the Black Lives Matter movement.Dortmund coach Lucien Favre said he “stood 100 percent behind” Sancho’s call for justice although a number of players including the England winger courted controversy after they were pictured without masks alongside a hairdresser.At the other end of the table, Werder Bremen have slipped back deep into relegation trouble after a 3-0 defeat to Eintracht Frankfurt on Wednesday greatly complicated the task of maintaining their top-flight status.The loss was all the more disappointing for the four-time champions after a 1-0 win at Freiburg on May 23 had given them hope. Werder are now three points from safety and need a positive result at home against Wolfsburg on Sunday.“That was a setback but definitely not a knockout,” Werder coach Florian Kohfeldt said after the Eintracht defeat. “It has become harder but it’s not impossible. We all knew that it would be hard, but we’re going to give it a go.”One to watch: Marcus Thuram
TrainerSts1st2nd3rdWin%ITM%Money Won John Sadler68128618%38%$553,654 Vladimir Cerin3593526%49%$312,499 Martin Garcia991691016%35%$914,339 Martin Pedroza74109414%31%$282,700 FINISH LINES: Santa Anita’s main track was sealed after Saturday’s last race, and an inch and one-fifth of rain had hit as of 7:30 Sunday morning, according to Track Superintendent Dennis Moore, but by 8 o’clock the sun was out in all its glory, reproducing the picturesque setting with the San Gabriel Mountains as its backdrop familiar to fans worldwide . . .Happy birthday to Hall of Fame jockey Gary Stevens. A native of Caldwell, Idaho, Stevens puts up number 53 today…The $75,000 Aboretum Stakes scheduled to be run today at about 6 ½ furlongs on turf, was not drawn when rain was forecast for this weekend. The race for older fillies and mares will be run Friday, March 18, as Arboretum II. All original nominations will automatically be honored, but new nominations also will be accepted . . . Santa Anita is dark Monday through Wednesday. Racing resumes Thursday at 1 p.m. with free Grandstand admission and free general parking . . . First post time on Big ‘Cap Day, this Saturday, is at 12 noon. On-track fans will receive a free (with paid admission) Santa Anita Fleece Blanket presented by San Manuel Indian Bingo & Casino . . . On Saturday, March 19, Santa Anita presents the biggest Michelada Contest in Southern California, featuring live horse racing, live music, a car exhibition and an art show in its spacious Infield. For further information, visit www.micheladarumble.com . . . Through 42 racing days, favorites at Santa Anita were winning at a 36.94 percent clip, 133 out of 360. The average on dirt was higher, 39.47 (105 of 266), but lower on turf, 29.79 (28 of 94) . . . Talk about living on the rail: Johns Journey, a five-year-old gelding trained by Paul Aguirre that was scratched from today’s second race, had the No. one post position in nine of his last 12 races, the last three in a row and six times in his last seven races, never winning from the one hole in any of them. He had drawn post position five today. Jose Verenzuela3131310%23%$106,545 EFFINEX HIGHWEIGHT FOR SANTA ANITA HANDICAPSONGBIRD ‘PERFECT’ AFTER SANTA YSABEL ROMPBAFFERT SEEKS FIFTH WIN IN GRADE II SAN FELIPEMIDNIGHT STORM YES, OBVIOUSLY NO FOR KILROEDAUGHTER TRIES TO EMULATE DAD IN SAN CARLOS Joseph Talamo18120202211%34%$1,054,654 William Spawr3485324%47%$224,977 Fernando Perez1391115198%32%$659,499 Gary Stevens51116722%47%$1,148,603 Jeff Bonde3172523%45%$172,420 George Papaprodromou4073618%40%$214,235 Doug O’Neill14522212115%44%$1,169,138 Rafael Bejarano20447382123%52%$2,009,122 Santiago Gonzalez21941292519%43%$1,584,933 Mike Smith74971312%39%$1,052,510 Flavien Prat19634332917%49%$2,041,926 Agapito Delgadillo78118714%33%$305,817 BAFFERT EYES FIFTH SAN FELIPE WIN ON SATURDAY Bob Baffert will seek his fifth win in the San Felipe Stakes next Saturday when he sends out likely favorite Mor Spirit and stablemate Cupid in the Grade II, $400,000 race for Triple Crown aspirants at 1 1/16 miles.Baffert won last year with Dortmund; in 2009 with Pioneerof the Nile; 2005 with Consolidator, in 2001 with Horse of the Year Point Given; and in 1999 with Prime Timber.Probable for the San Felipe: Cupid, Martin Garcia; Danzing Candy, Mike Smith; Exaggerator, Kent Desormeaux; Mor Spirit, Gary Stevens; Smokey Image, Victor Espinoza; and Uncle Lino, Fernando Perez.MIDNIGHT STORM SET FOR GRADE I KILROEIf trainer Phil D’Amato wins the Grade I Frank E. Kilroe Mile on turf Saturday, it will be with Midnight Storm and not the speedy Obviously.“The horse is fine,” D’Amato said of Obviously, a committed front runner who missed by a neck as the 9-10 favorite in the Grade II Arcadia Stakes Feb. 13.“But I like to space his races and give him only five or six a year to keep him fresh. I will be running Midnight Storm, however.”A son of Pioneerof the Nile, Midnight Storm captured the Grade II Seabiscuit Handicap at 1 1/16 miles on Del Mar’s turf course Nov. 27 under Victor Espinoza, who retains the mount for the Kilroe.Probable for the Kilroe: Bal a Bali, Flavien Prat; Bolo, Mike Smith; De Treville, no rider; Kenjisstorm, Edwin Maldonado; Ocho Ocho Ocho, no rider; Om, Gary Stevens; and What a View, Kent Desormeaux. Edwin Maldonado13625131518%39%$873,205 Mark Glatt7098313%29%$389,605 LIKE FATHER LIKE DAUGHTER IN SAN CARLOS?Karen Headley will try to emulate her father, Bruce, when she sends out San Onofre in Saturday’s Grade II San Carlos Stakes for older horses at seven furlongs.Bruce, who was 82 on Feb. 14, won the San Carlos five times, with Surf Cat (2008 and 2006), champion Kona Gold (2001), Son Of a Pistol (2000), and Softshoe Sure Shot (1995).Karen will attempt to win with San Onofre, a 6-year-old California-bred son of Surf Cat owned by Karen’s mother and Bruce’s wife, Aase, who campaigns as Matson Racing.Trainer Jerry Hollendorfer, meanwhile, will seek to win the San Carlos for the fourth consecutive year, either with Wild Dude or Outside Nashville. He won with Wild Dude last year and Sahara Sky in 2014 and 2013.Probable for the San Carlos: Calculator, Flavien Prat; Kobe’s Back, Gary Stevens; Mystery Train, no rider; Outside Nashville, Martin Garcia; Salutos Amigos, Mike Smith; San Onofre, no rider; and Wild Dude, Rafael Bejarano.Trainer Phil D’Amato said Clockers’ Corner winner Coastline could start in either the San Carlos or the Kilroe. SANTA ANITA STATISTICS Philip D’Amato10221171821%55%$1,133,070 Alonso Quinonez634846%25%$206,840 Tyler Baze20420313010%40%$1,093,021 David Lopez1242091716%37%$612,416 (Current Through Saturday, March 5) Kristin Mulhall3876218%39%$307,505 Drayden Van Dyke11813131511%35%$745,224 EFFINEX GALLOPS AS HE PREPARES FOR BIG ‘CAP East Coast invader Effinex, the probable favorite for Saturday’s $1 million Santa Anita Handicap presented by San Manuel Indian Bingo & Casino, was assigned highweight of 123 pounds for the Grade I classic at a mile and a quarter and is expected to have his first and only breeze over the track Tuesday or Wednesday, weather permitting.“He galloped this morning,” said Kent Sweezey, assistant to Jimmy Jerkens, who trains the five-year-old Mineshaft horse for the Tri-Bone Stables. “He’ll probably work a half mile Tuesday or Wednesday. Being highweight is no surprise. We figured he would be.”Effinex has not raced since winning the Grade I Clark Handicap at Churchill Downs on Nov. 27. He had been working at Palm Meadows in Florida before arriving at Santa Anita early Thursday evening.The New York-bred horse was second to Triple Crown champion American Pharoah in the Breeders’ Cup Classic on Oct. 31 prior to his victory in the Clark. He has earned $2,112,950 thanks to a 7-2-3 record from 20 lifetime starts.Probable for the Big ‘Cap: Effinex, Mike Smith, 123; Imperative, Santiago Gonzalez, 120; Hard Aces, no rider, 118; Donworth, Mario Gutierrez, 117; General A Rod, Rafael Bejarano, 116; Cyrus Alexander, Martin Garcia, 115; and Melatonin, Joe Talamo, 114.Fans at Santa Anita on Big Cap Day will receive a free Santa Anita Fleece Blanket presented by San Manuel Indian Bingo & Casino with paid admission while supplies last. First post time is 12 noon. Admission gates open at 10 a.m. Bob Baffert8117121221%51%$1,269,915 Richard Baltas8715121317%46%$1,023,644 Patrick Gallagher3063520%47%$468,713 Peter Miller1001291212%33%$492,380 Brice Blanc474579%34%$452,580 JockeyMts1st2nd3rdWin%ITM%Money Won Peter Eurton7412201116%58%$766,022 Kent Desormeaux8812211614%56%$1,027,285 Alex Solis2030415%35%$219,423 Steven Miyadi51911818%55%$305,849 Jerry Hollendorfer10516101515%39%$1,063,556 Abel Lezcano5872412%22%$293,654 SONGBIRD: ‘PERFECT’ IS AS PERFECT DOESSongbird, perfect in six races after her front-running, 3 ¾-length victory in the GradeIII Santa Ysabel Stakes Saturday, was fittingly “perfect” Sunday morning.That was the succinct description offered by her trainer, Jerry Hollendorfer. Now it’s on to the Grade I Santa Anita Oaks April 9 for the daughter of Medaglia d’Oro, who has won her six career starts by a combined margin of more than 32 lengths, an average of slightly over five lengths per victory.Just call her American Pharoah in a skirt.“What a beast she is,” said trainer Doug O’Neill, who has saddled Land Over Sea to finish second to the undefeated Eclipse Award champion five straight times, including Saturday’s Santa Ysabel, in which she was 3 ¾ lengths behind, the closest any horse has ever been to Songbird at the end of a race.“Running second to her shows how good our filly is, too,” O’Neill said. “Songbird was definitely geared down, but Mario (Gutierrez) said our filly was geared down, too.“It was a super race by Songbird, but we’re super-proud of Land Over Sea, too.”After five consecutive losses to Songbird, O’Neill said Land Over Sea would head eastfor her next race on March 26 in the Fair Grounds Oaks, a Grade II test at 1 1/16 miles offering a $400,000 purse.Songbird, meanwhile, will remain at home for the Santa Anita Oaks, a race TeamHollendorfer hopes will lead to the $1 million Kentucky Oaks on May 6. Clifford Sise, Jr.1854128%56%$196,540 Tiago Pereira8331064%23%$258,489 Mario Gutierrez15419282112%44%$1,165,894 Carla Gaines3972218%28%$468,360 Brayan Pena553395%27%$125,345 Jeff Mullins2566024%48%$174,234 Mike Puype60611410%35%$308,435 Steve Knapp2751319%33%$153,830 Ron Ellis2352322%43%$166,650 J. Keith Desormeaux3665817%53%$241,414 Michael Machowsky3155316%42%$223,041 Hector Palma3353515%39%$138,127 Victor Espinoza6389613%37%$685,080