SCOREBOARD Newly appointed captain John Campbell believes the Jamaica Scorpions need to bat well in both innings of a match if they are get improve their chances of winning. The opening batsman, who was on debut as leader of the Scorpions at the weekend, made the assessment following his team’s eight-wicket loss to Trinidad and Tobago Red Force in the seventh round of the WICB Regional First-Class Tournament at Sabina Park yesterday. Set a victory target of 175 and resuming in a commanding 113 for one on the fourth day, the Red Force went on to achieve victory inside the first hour of play, scoring 178 for two. They had made 206 in their first innings in reply to 225 made by Jamaica, who in their second innings posted 155. “In most of the matches, we bat well one time, and we need to take a look at that and try to rectify that,” stated Campbell, who took over from dropped opener Paul Palmer Jr. “We had a slight lead, but setting a (victory) target of 175 was just not good enough. I think that is where we fell short: our batting in the second innings.” OUTSTANDING OPENER Leading the way for the Gus Logie-coached Red Force was outstanding opener Evin Lewis, who followed up his first-innings 87 with an accomplished 104. Starting the day on 66, along with Kyle Hope, 17, the 24-year-old Lewis went on to net his second first-class century before he was dismissed seven runs shy of victory. His innings included nine fours and a six. Hope ended with 27 not out, and with him at the end was Yannic Carriah on six. “The hope was to pick up some early wickets and see what would happen, but that didn’t happen for us,” cited Campbell. “It is very disappointing as it now is the second game we have lost in a row in the second half (of the tournament).” Jamaica, with this, their fourth loss, are now out of the title race. In their previous match, they lost to cellar-dwellers Leeward Islands Hurricanes by 82 runs the previous weekend. The Red Force, the reigning regional one-day champions, entered the round as non-title contenders. The win improved their record to two wins, three losses and two draws. “It is good to see us rebound from our loss to the leaders Guyana Jaguars, the last round,” said Logie. “It was good game, one in which I thought we won by virtue of a good second innings bowling performance. Led by Jon-Russ Jagessar, I thought we applied the pressure well.” Off-spinner Jagessar, playing in his second first-class fixture, finished with a match haul of 11 for 111, following figures of three for 53 and eight for 58 in the respective first and second innings. SCORPIONS 1 st Innings 225 RED FORCE 1 st Innings 206 SCORPIONS 2nd Innings 155 RED FORCE 2nd Innings (target: 175 runs) (overnight 113 for one) E Lewis b McCarthy 104 J Solozano c Miller b Campbell 19 K Hope not out 27 Y Cariah not out 6 Extras ((b1, lb18, w1, nb2) 22 TOTAL (2 wkts, 56 overs) 178 Fall of wickets: 1-66, 2-168. Bowling: Cottrell 5-0-19-0 (nb1), Mindley 3-0-15-0 (w2), Miller 19-4-39-0, Campbell 14-3-41-1, Jacobs 10-3-25-0, D Thomas 2-0-9-0, McCarthy 3-0-11-1. Result: Red Force beat Scorpions by eight wickets. Points: Red Force 16, Scorpions 4 Toss: Scorpions. Man-of-the-match: Evin Lewis. Umpires: V Smith, L Reifer Jr.
Bankrate.com Federal Reserve Interest rates 2016-01-06 Staff Writer in Daily Dose, Government, Headlines, News Remember the interest rate hike that occurred last month? Wondering what’s next?Mark Hamrick, Senior Economic Analyst at Bankrate.com provides some insight on what to expect from the Federal Reserve in the new year and why this is likely to not be the entity’s last move.MReport: How will the Fed’s decision to raise mortgage rates play out in 2016 in the housing market? What about HELOC rates?Hamrick: Some of this is very difficult to forecast because the overall direction of interest rates, while having been at record low levels at the Federal Reserve, has been presumed to be higher over time at the timing of when we would get what the Fed called “liftoff” has been very difficult to pinpoint. Similarly, the performance of the global economy, when looked at as a single entity for the purpose of this discussion, how that presents itself has been equally challenging and even the U.S. recovery has been difficult. This is another way of saying that there is a high degree of risk in making any forecast relative to the outlook for interest rates, but we can start with some of the things that are easy to identify.We go the first increase in the federal funds target rate last month and that was a quarter of a point. We got the summary of economic projections that member of the Fed itself and assume that we can expect roughly four interest rate increases in 2016. Now, the financial markets are telling us that this is not likely.MReport: Do you believe that the rate increase was done at a time of optimal economic and housing market health or was it done too soon?Hamrick: We can say for sure that this was a long time coming. Like forecasting a recession, truthfully we only know about the wisdom of monetary policy after the fact. We know that in the past when the Fed has made mistakes, that can only be measured by what happens after the fact. There are plenty of people years ago who are screaming that monetary policy was risking ignition of hyperinflation. Obviously that hasn’t happened. If anything, inflation remains below the Fed’s own target of 2 percent. The issue for the global economy has been a decline in commodities and fuel prices so that’s not hyperinflation. All of this just shows how difficult it is to figure these things out.In terms of the Fed’s timing, Fed Chair Janet Yellen said in a speech in December, where she set the table for the rate hike by saying the risks of waiting longer to get the rate hike in place outweighed the risks of keeping rates lower longer, and rates have been lower longer than anyone could have forecast.Only time can tell. The Fed is doing the best it can given the fact that it is operating in unprecedented times to the extent that we had a financial crisis that in many ways was unprecedented. The Fed had to act alone because Congress was not prepared to do more than what it had done and the President can’t do many things alone without the approval of Congress. This is a point that both Chair Yellen and Bernanke have made repeatedly: it’s only so much that can be done with monetary policy and you need help from fiscal policy. Although another federal government shutdown was avoided this fall, but there are some longer-term physical challenges which continue to go unanswered by elected officials and it just once again underscores how the Fed is virtually a singular actor when it comes to dictating the course of the economy.Click here to learn more about Bankrate.com January 6, 2016 537 Views Interest Rate Hike Outlook for 2016 Share