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Month: December 2019

Chelsea are NOT in crisis, claims former striker

first_imgFormer Chelsea forward Chris Sutton insists the club are not going through a crisis, despite their stuttering start to the season.The champions have taken just one point from their opening two Premier League games and suffered a heavy defeat to title rivals Manchester City last weekend.Chelsea boss Jose Mourinho controversially hauled captain John Terry off at half-time at the Etihad Stadium, raising questions about the 34-year-old’s future in the starting line-up.However, Sutton says recent criticism of Terry and his manager has been blown out of proportion and backed Chelsea to rediscover the form which saw them cruise to the title last season.“I don’t think many people are in a position to question Mourinho and his decisions,” Sutton told the Alan Brazil Sports Breakfast.“Obviously things don’t seem to be going very well. They started their pre-season late, but in the end it’s about results and Chelsea have had a disappointing start to the season.“I don’t think that Mourinho has taken his eye off the ball in any way.They were beaten by a better Manchester City side at the weekend but I don’t think it’s a crisis.“It wasn’t working at the weekend, Mourinho made a change, it’s as simple as that. It doesn’t mean John Terry is finished by any means. It’s all much ado about nothing.“This is the top, top level. It’s no big deal though as far as I can see. John Terry will come back and play regularly.”last_img read more

California woman dies in hot air balloon accident

first_imgALBUQUERQUE, N.M. – The basket of a hot air balloon tipped after the craft got stuck, sending a female passenger on a 60- to 70-foot fall to her death Monday, state police said. The balloon snagged a fiberoptic line running above a power line about 8 a.m. during an annual balloon festival. The pilot threw down a tether to a pickup truck on the ground to reel the balloon down and free it, state police spokesman Andrew Tingwall said. But the tether broke, and the balloon flew back up, causing its gondola to tip and the woman to fall to the ground, Tingwall said. Paramedics tried to revive the woman, Rosemary Wooley Phillips, 60, of California, in a dirt field where she fell, but were unsuccessful, he said. The balloon, meanwhile, flew across a road near Interstate 25 and crash landed, Tingwall said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREChargers go winless in AFC West with season-ending loss in Kansas CityPhillips was one of five people on board. Tingwall did not know the conditions of the other three passengers or the pilot. The crash site is about three miles from the launch site for the Albuquerque International Balloon Fiesta, a nine-day event that began Saturday and features mass ascensions of balloons, events for special shaped balloons and competitions for pilots. There have been fatalities in previous years. One woman was killed during the 1998 event when a balloon plowed into two sets of power lines before plummeting about 30 feet to the ground at Kirtland Air Force Base on Albuquerque’s south side. During the 1993 fiesta, two men were killed when their balloon hit power lines, severing the gondola, which plunged about 90 feet to the ground. Two other men died during the 1990 fiesta when their balloon crashed into power lines and burst into flames. Four people died and five were injured during the 1982 fiesta when propane tanks on a large balloon exploded. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Countrywide takes huge hit, ends quarter $1.2 billion in red

first_imgCALABASAS – Countrywide Financial Corp. lost $1.2billion in the third quarter as its mortgage business took a huge hit from the credit crisis and home sales slump, the company said Friday. It was the first quarterly loss in 25 years for Calabasas-based Countrywide – and the company claimed the last by predicting it would return to profitability in the fourth quarter and next year. The optimistic forecast sent the company’s stock price soaring 32.3percent, to $17.30, after hitting a 52-week low Thursday. The share price is 64percent under the 52-week high of $45.26. “We continue to be bullish about the long-term prospects for both Countrywide and our industry,” company Chairman and Chief Executive Officer Angelo Mozilo said during a lengthy conference call. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.“I firmly believe that we will be as successful in the future as we have been in the past.” David Sambol, the company’s president and chief operating officer, blamed the lousy quarter on three factors: losses and writedowns on loans totaling $1billion, increased credit costs and charges related to cost reductions. Countrywide, the nation’s biggest mortgage lender, said last month that it was cutting up to 12,000 jobs. During the quarter, the company integrated its mortgage lending operations into Countrywide Bank and during September it accounted for about 90percent of loan fundings. Countrywide’s loss amounted to $2.85 a share, down from a profit of $648million, or $1.03 a share in the year-ago period. The company reported a revenue figure of negative $50million for the July through September period due to charges and writedowns compared with $2.82billion during the same period a year ago. “Countrywide’s results for the third quarter of 2007 reflect the impact of unprecedented disruptions in the U.S. mortgage market and the global capital markets, as well as continued weakening in the housing market,” Mozilo said. And because of that it is suffering proportionately, said Bart Narter, senior analyst with Celent, a Boston-based financial research and consulting firm. “While they have mildly expanded their offerings with Countrywide Bank to help fund their loans, they lack the diversity of a Washington Mutual or JPMorgan Chase,” Narter said in an e-mail. He also said Countrywide will have to change its business model to reflect the fact that it might need to fund its own originations for the upcoming months. “This should continue to be a drag on earnings well into 2008,” Narater said. During the quarter, Countrywide funded $96million in loans, down from $118million a year ago. To deal with rising late payments and defaults, the company also boosted reserves to $934million in the quarter, up from $38million during the year-ago period. The company said that it expects housing market weakness to continue through next year and loan originations will also fall. Increasing delinquencies and foreclosures are also anticipated. In its presentation to analysts, Countrywide noted that many of its competitors have quit the business and more are expected to do so in the coming months. Company executives predict that they will capture this part of the market share next year. It also said that current borrowers have very high credit quality. “Countrywide has sufficient capital, liquidity and financing capacity for its operating needs and growth needs,” Sambol said. Mozilo also defended his slew of stock trades and confirmed an informal probe of his actions by the Securities and Exchange Commission. These automatic trading plans were set up in 2004 because at that time he planned to retire in 2006, Mozilo said. “I’d like to state categorically that at no time did I make any trading decisions based on any material nonpublic information, and I fully complied with all company policies,” Mozilo said during the call. “I am confident that this will demonstrate that I’ve complied with all protocols.” greg.wilcox@dailynews.com (818) 713-3743160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Neighborhood Council meetings

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre PORTER RANCH NEIGHBORHOOD COUNCIL, 7 p.m. Tuesday, Shepherd of the Hills Church, 19700 Rinaldi St., Porter Ranch. 818-360-5706. NORTHRIDGE WEST NEIGHBORHOOD COUNCIL, 7 p.m. Tuesday, Beckford Avenue Elementary School, 19130 Tulsa St., Northridge. 818-886-3534. SUNLAND-TUJUNGA NEIGHBORHOOD COUNCIL, 7 p.m. Wednesday, Mount Gleason Middle School, 10965 Mount Gleason Ave., Sunland. 818-951-7411. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Here is a list of this week’s neighborhood council meetings. For future meetings and other neighborhood council news, check out The Valley Hub at dailynews.com. MISSION HILLS NEIGHBORHOOD COUNCIL, 6 p.m. Tuesday, San Jose Street Elementary School, 14928 Clymer St., Mission Hills. Representatives from Pacoima Graffiti Busters and the LAPD’s Tagging Task Force will speak. 818-892-2414; www.mhnc.org. WINNETKA NEIGHBORHOOD COUNCIL, 6:30 p.m. Tuesday, Valley Village, 20830 Sherman Way, Winnetka. 818-676-9766. www.winnetkanc.com. SUN VALLEY NEIGHBORHOOD COUNCIL, 6:30 p.m. Tuesday, Villa Scalabrini Retirement Center, 10631 Vinedale St., Sun Valley. 818-767-6766. last_img read more

Southland agencies decry allocation of transit funds

first_img“Forty-three percent of container traffic for the entire U.S. comes through the ports of Los Angeles and Long Beach,” Yale said. “That is an enormous number of trucks and trains impacting our streets and freeways, not to mention the air pollution these ships, trucks and trains generate.” According to the California Air Resources Board, more than 1,200 residents die prematurely every year throughout the Southland because of air pollution related to the movement of consumer goods through the area. Among the $2.7 billion in projects the Southland coalition hoped to fund is the Alameda Corridor East. Officials were hoping for $350 million for the project, which involves new rail crossings and upgrades to 35 miles of existing freight lines from East Los Angeles to Pomona. The commission’s determination should not affect the project’s chances at securing the $350 million, said Alameda Corridor East CEO Rick Richmond. “But the real wild card is that the state is going to be coming in with other projects (in other transit corridors) that we will have to compete with,” Richmond said. About a half-billion dollars has already been spent on the project, Richmond said. Even if the $350million from transportation bonds comes through, officials estimate it will take roughly $760 million more to complete the project. Most of the $350 million would go to the San Gabriel trench project, which involves four below-grade crossings near the San Gabriel Mission. “Because of the proximity of the mission, lowering the railroad below grade is the best option there, but that is expensive,” Richmond said. The rest of the money would likely go to two additional crossings in either Montebello or Industry, Richmond said. Those projects would use bridges to elevate the railroad above the roadway. According to Yale, the Metro official, the ports of Los Angeles and Long Beach generate 890,000 jobs statewide, and the economic activity triggered by the ports accounts for $6 billion in taxes every year. fred.ortega@sgvn.com (626) 962-8811, Ext. 2306160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat Kings“(Tuesday’s) decision to share goods movement dollars `evenly’ across the state aimed to satisfy everyone, but in the end will shortchange the region that, by any objective measure, deserves these funds,” said Roger Snoble, CEO of the Los Angeles Metropolitan Transportation Authority, in a statement released Wednesday. A coalition made up of the five county transit agencies had argued that the region’s size and trade importance – home to the busiest port facilities in the nation – merited 85 percent of the state funds available. It is still unclear to officials how the commission’s decision will affect the Alameda Corridor East, a more than $1billion project to improve freight train transit from the ports of Los Angeles and Long Beach and through the San Gabriel Valley and Inland Empire. The state’s other transit corridors will still receive considerably less than the Los Angeles area, with San Diego securing $250 million to $400 million and a coalition of Bay Area and Central Valley counties receiving between $640 million and $840 million. But the Southland’s share of the pie is still well below even the most conservative estimates based on local need versus the needs of other transit corridors, said David Yale, Metro’s deputy executive officer for regional programming. Instead of receiving 85 percent, the Southland will only get between 55 and 60 percent. Southern California transit agencies said Wednesday state officials short-changed them on bond money approved by voters last year. The agencies could receive up to $1 billion less than they were expecting for improvements to the area rail and truck freight corridors, according to local officials. Carving up $3 billion in funds from Prop 1B transportation bonds, the California Transportation Commission on Tuesday allocated between $1.5 billion and $1.7 billion to Los Angeles, Ventura, Orange, San Bernardino and Riverside counties. Area officials had hoped for $2.55 billion. The money is intended to help move consumer goods from the ports to distribution centers further inland. last_img

LETTERKENNY BUSINESSMAN MOVES INTO FORMER ATLANTIC HOMECARE STORE

first_imgThe former Atlantic Homecare store which has ben taken over by Gary’s PetworldThe former Atlantic Homecare store in Letterkenny Retail Park, vacant for the past three years, has been let to Gary’s Petworld and Garden Centre.It’s a major move for the Letterkenny businessman Gary Cooney.The location is close to a number of other well-known brands including McDonalds Fastfood outlet and also Xtravision which recently moved into a unit closeby. Gary’s Petworld had been located across the road at Pearse Road for many years.The move will see Cooney’s business operate in a larger space as well as being serviced by a larger car park.   LETTERKENNY BUSINESSMAN MOVES INTO FORMER ATLANTIC HOMECARE STORE was last modified: September 3rd, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Atlantic HomecaredonegalGary’s Petworldlast_img read more

Carroll should NOT be punished for referee rant, insists West Ham boss Bilic

first_img Andy Carroll in action for West Ham 1 West Ham boss Slaven Bilic insists striker Andy Carroll does not deserve a Football Association charge for his comments about the performance of referee Jon Moss following Sunday’s controversial draw at Leicester.Carroll gave away a disputed late penalty for his challenge on Jeff Schlupp as title chasers Leicester battled back for a point.Carroll claimed afterwards he felt referee Moss had tried to ‘even things up’, having earlier sent Foxes striker Jamie Vardy off for diving and awarded West Ham a penalty from which he scored.The FA has since charged Vardy for his reaction to the red card, but has yet to announce whether Carroll will be punished for his comments.Bilic said: “Would disciplinary action be unfair? Yes it would. Andy said what he said straight after the game, you are hot, you are disappointed – he was in that tackle which gave the penalty away.“But it wasn’t anything major in that statement he made, it’s what players and managers normally say after a game, there was nothing in it for him to face a fine or whatever.”Bilic could also be under the microscope for his after-match comments at the King Power Stadium.Yet Bilic was widely commended for his defence of Moss, and of referees in general, following the stormy clash.“From all the comments I read and heard, mine were the most sympathetic towards the referee,” he added.“It was hard for him, it is hard for them. We or the FA should find a way to help them, to ease their job.“It was hard for him in that game. The pressure was there, especially as it’s towards the end of the season and in an unbelievably important game for them, and for us.”West Ham face Watford on Wednesday night looking to keep the pressure on in the race for a top-four finish.The Hammers are seven points behind fourth-placed Arsenal and three shy of Manchester United in fifth.On Sunday Watford head to Wembley for their FA Cup semi-final against Crystal Palace, and Bilic said: “On one hand they will probably think a bit about the game at the weekend, and maybe they will rest some players.“But they brought a lot of players, experienced players, in the summer and in January.“They have a big squad and a certain way of playing, and players who maybe start on Wednesday will have some fresh legs which is good for them.“No matter which team they put out we need a win. The gap (to fourth place) is big, but the gap can be reduced.“We have to win games. We are still in a big race for Europe and we are going to do everything we can.”last_img read more

Harry Kane hails ‘brilliant’ England starlet and offers helping hand

first_imgHarry Kane says he will be happy to take Marcus Rashford under his wing when they meet up on international duty.The 18-year-old Manchester United forward was included in the provisional England squad for Euro 2016 along with Kane on Monday.Rashford, who will join up with the Three Lions after Saturday’s FA Cup final, got the nod after a stunning early impact at United in which he has scored eight goals in 17 appearances.Tottenham star Kane, the Premier League’s top scorer this season, told talkSPORT of the youngster’s emergence: “Marcus has been brilliant.“He has come into the [United] team with no fear and similar to myself got off to a good start, started scoring goals, and the confidence grew – and he has managed to continue that through to the end of the season.“All eyes are going to be on him now. I haven’t met him but I will meet him next week when he joins up with us and it will be good to talk to him.“If he ever wants to talk or ask me questions then I am here. I have been in that situation.”last_img read more

Arsenal transfer news: Striker latest, Euro 2016 star to leave, plus more

first_img 5 5 Alexandre Lacazette (Lyon) – Click the right arrow above to find out the latest Arsenal transfer news… – Clearly in the hunt for a striker this summer, the Gunners have enquired about the French international, according to the Daily Mail. They want £42m for the player and have no need to sell for any lower as they have just gained £21m from Samuel Umtiti’s move to Barcelona. 5 Olivier Giroud – With reports linking Arsenal with moves for Alexandre Lacazette and Alvaro Morata in recent months, it’s understandable if Arsene Wenger chooses to ditch the French striker. Instead, though, the Daily Mirror believe Arsenal have turned down a number of enquiries for the player. 5 N’Golo Kante (Leicester City) – Arsenal and Chelsea may have fancied themselves as leading the race for the French midfield star but now they have a rival for his signature. Chinese Super League side Shanghai SIPG are now in for the 25-year-old star and could blow the Premier League duo out of the water with a huge £35m bid, say the Daily Mirror. Arsene Wenger may be in France casting his eyes over Euro 2016 but this isn’t stopping Arsenal transfer business it seems.Manchester United have already made three huge moves in the market and now the Gunners may be forced into action sooner rather than later.Having already attempted to sign Jamie Vardy this summer, it seems safe to say Wenger is keen on landing another striker.But what is the latest gossip doing the rounds? Click the right arrow above to find out… Arda Turan (Barcelona) – The Turkish star hasn’t had the best of times since a move to the Nou Camp and could be on his way out this summer. At 29, Turan is willing to leave to get more game-time and while Fenerbahce are the team to have contacted Barcelona over his availability, Arsenal are considering entering the race, according to reports in Spain. 5 Alexis Sanchez – Arsenal may have a battle on their hands if they wish to keep the Chilean superstar. Juventus, who could have cash to burn if they sell Paul Pogba, are keen as they look to rebuild and collect a sixth successive Scudetto and the two-time Copa America winner is one of their top targets this summer. The Gunners have knocked back an enquiry and insisted he is not on the market, despite quoting a £34m fee when they asked about his value. last_img read more

Beyond post-partisanship

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champDitto for redistricting. Schwarzenegger tried to get reform passed at the polls as part of his 2005, special-election package. It failed. Without Democrats aboard, it was too easy for special interests to frame the issue as a GOP power grab – an automatic loser in this, a predominantly Democratic state.That was the lesson Schwarzenegger learned the hard way: Large-scale reforms are nearly impossible to win through referendum. It takes bipartisan cooperation and support.Thus the birth of Schwarzenegger’s much-trumpeted “post-partisanship.”But now post-partisanship is all but dead. For all of both sides’ grand talk about working together on health care, they have allowed minor differences to derail their efforts. And legislative Democrats, who like the permanent majority that gerrymandering assures them, have proven themselves to be utterly insincere in their claims to support redistricting.So Schwarzenegger finds himself back where he started, needing the public’s help to get things done. But between the failures of the era of partisanship, and the era of post-partisanship, it’s hard to imagine that post-post partisanship will be much more successful.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Unable to come to terms with legislative Democrats over health-care reform, California Gov. Arnold Schwarzenegger plans to take the issue directly to the people in a referendum next year.And unable to come to terms with legislative Democrats over redistricting, Schwarzenegger plans to take that issue directly to the people in a referendum next year, too.Good luck to him. He’ll need it.California voters have a long history of voting down health-care reform at the polls, no matter what the plan or who is promoting it. Because any reform will create winners and losers, there are always forces willing to exploit confusion to sour voters to the idea.last_img read more