Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Olympic legend answers the impossible question | ticker VIEWS

Published

on

The 2020 Tokyo Olympics opening ceremony is days away, but the stars of the show are being drowned out.

It’s hard to know where to look right now. Even the International Olympic Committee (IOC) President admits they underestimated how complex this undertaking is.

Ticker News dived into the mind of one of the best long distance swimmers of all-time, and asked him: should the Olympics go ahead?

“Depends what hat you put on. If I was someone residing in Japan there’s no way you’d want them to go ahead. If you’re an athlete that’s trained their entire life for this opportunity and not wait the standard four years. Which is a very long time. But five years on this occasion, you definitely want that opportunity to compete. You’re at the peak of your performance.”

GRANT HACKETT, OLYMPIC CHampion
Australia’s Grant Hackett celebrates victory in the 1500m freestyle final (Photo by Jon Buckle/EMPICS via Getty Images)

IOC President Thomas Bach said the cost of the Tokyo games is rising.

three days to go until tokyo

Most of these costs are directly related to the event’s 12 month delay. The IOC set up an emergency fund of $150 million for athletes and $800 million for Olympic committees around the world.

Hackett says he’s never seen this much controversy heading into a games but it might offer people want they need right now.

“There’s always a lot of controversy coming into an Olympics. None like this one that we’ve seen. But at the of the day, once those two weeks are over, a lot of people are inspired by those performances. And just seeing what a human being can do.”

GRANT HACKETT
https://twitter.com/tickerNEWSco/status/1417299141730865157

The shame is we’ve hardly had time to focus on the athletes themselves. But the former Aussie Olympic team captain is very bullish on the swim team.

“I didn’t expect the team to step up to that sort of standard at the Olympic trials. I thought (given) so much uncertainty, some people in some states have had lockdown issues and haven’t been able to get to facilities and train. While some others have had more freedom.

“But the results and times that we’ve produced were quite phenomenal.”

Hackett says the Australian swimmers could be set for their best Olympics in a very long time.

Hopefully their results don’t get drowned out by the current Covid-19 headlines that continue to dominate.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Powell warns against further December interest rate cuts

Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

Published

on

Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

video
play-sharp-fill
In Short:
– Jerome Powell stated further interest rate cuts are uncertain after recent decreases, aiming to manage market expectations.
– The Fed ended its balance sheet reduction due to lending market disruptions and mixed views on future rate cuts among officials.

Federal Reserve chairman Jerome Powell indicated that further interest rate cuts are not guaranteed following the recent decrease. In a press conference, he stated that a further reduction in December is “far from” certain. His comments aimed to temper market expectations, where the likelihood of another cut was previously estimated at over 90 per cent.In response to Powell’s remarks, yields on the two-year treasury rose, and traders adjusted their expectations, now estimating a 60 per cent chance of a December reduction. Recently, the Federal Open Market Committee voted 10-2 to lower the federal funds rate target range to 3.75-4 per cent, in response to concerns about the labour market.

Banner

The Fed has also announced an end to its balance sheet reduction efforts due to disruptions in short-term lending markets. Since 2022, the bank has reduced its asset holdings by over $US2 trillion following aggressive purchases aimed at stabilising the economy after the pandemic.

Policy Divisions

Recent post-meeting statements highlighted mixed views among Fed officials about the pace of future rate cuts. Powell remarked that uncertainty surrounding economic conditions necessitates a cautious approach. Ongoing government shutdowns have limited policymakers’ access to crucial economic data, complicating decision-making.

Recent labour market developments show slowed job gains, raising concerns about employment. The Fed is also cautious about reducing rates too quickly due to inflation remaining above their 2 per cent target, reflecting a complex economic landscape. Policymakers have struggled with decisions amid data limitations from the government shutdown, impacting their assessments of inflation and economic indicators.


Download the Ticker app

Continue Reading

News

Trump finalises trade deal with South Korea at summit

Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

Published

on

Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/GB4FDyAt_a4?si=lN5bO3Upkyr75zAa” title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen></iframe>
video
play-sharp-fill
In Short:
– Trump and South Korea’s Lee finalised a trade deal requiring $350 billion in U.S. investments.
– Trump anticipates favourable talks with China to reduce tariffs and improve relations.

Donald Trump and South Korean President Lee Jae Myung finalised a contentious trade deal at a summit in South Korea on Wednesday. The U.S. President expressed optimism about an upcoming summit with China’s Xi Jinping.The agreement, unveiled in late July, stipulated that South Korea would make $350 billion in new investments in the U.S. to avoid significant tariffs on imports. However, negotiations on the investment structure had stalled.

Banner

Trump and Lee reached a compromise allowing Seoul to divide its $350 billion investment into $200 billion in cash, paid in $20 billion instalments. The remaining $150 billion will be allocated to shipbuilding investments.

Upon arrival from Tokyo, following a North Korea missile test, President Trump received an extravagant welcome in the historic city of Gyeongju, the venue for this year’s Asia-Pacific Economic Cooperation forum.

His discussions with Xi are scheduled for Thursday in Busan. Trump downplayed the North Korea missile test and focused on his meeting with Xi, the leader of the world’s second-largest economy.

“I think we’re going to have a very good outcome for our country and for the world,” Trump stated. He anticipates reducing U.S. tariffs on Chinese imports in exchange for China agreeing to control the export of fentanyl precursor chemicals. The Wall Street Journal reported that tariffs could be halved from the current 20%.

China’s foreign ministry indicated that the upcoming meeting would foster positive developments in U.S.-China relations.

Investment Structure


Download the Ticker app

Continue Reading

News

December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

Published

on

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


Download the Ticker app

Continue Reading

Trending Now