Position: Transportation Design Engineer Location: Richmond, VA Duration: Fulltime Requirement: BSCE or equivalent degree required PE required 8-15 years of applicable roadway design experience in Virginia and/or North Carolina

The first round of the FA Cup takes place this weekend.

THERE'S a little village in Cornwall that's making all the right movies. And it's not Port Isaac, which is rightly famous for ITV's Doc Martin and BBC's period drama Poldark. No, this is Portloe, which can lay claim to being the forerunner when, back in 1949, Disney chose the tiny fishing village to film scenes for its celluloid masterpiece Treasure Island.

Mayor of London Sadiq Khan has asked for more help from London clubs in the Premier League and the Championship.

Premier League clubs have a crunch meeting on Monday to talk about ‘Project Restart'.

As Utah readies for a widescale reopening of some businesses and services on May 1, 177 new cases were counted, including 5 in the southwest district.

Who has tested positive?

"Zoey's Extraordinary Playlist" topped USA TODAY's 23rd annual Save Our Shows poll with a record 67% of voters urging NBC to save it.

Delta said it is making the move to protect employees amid the coronavirus pandemic, but planes have been flying near empty

Local officials say the community is shocked that racism could have fueled the shooting of Ahmaud Arbery.

The world is nearing 4 million cases of the coronavirus. More COVID-19 news Saturday.

Airport temperature screenings mark latest discord between Trump administration and CDC over federal coronavirus response and science of public health

After ending print publication in 2019 and moving to online nonprofit model, Nuvo will cease operations.

Lawmakers should support SB 111 as an investment to make Indiana families stronger now and in the future, a letter to the editor says.

Ted Guzek, the son of 1957 Butler All-American Ted Guzek, remembers his father and explains the meaning of his Indiana Basketball Hall of Fame induction.

Wisconsin AD Barry Alvarez announced his school will not submit waivers for spring-sport seniors to regain a year of eligibility.

In NBC Sports' 'Racing Week in America', IndyCar fans will get to see some of the most exciting races from the series' last decade.

Despite working in three different states, Leigh Diffey, Townsend Bell and Paul Tracy have IndyCar's iRacing events looking and sounding close to normal.

Penske has seen his company's stock price fall by 40%, his new racing series suspended and the Indy 500 scheduled outside of May for the first time

Interested in waiving the green flag at an Indy 500 practice, and looking to stay busy during the Month of May? IndyCar and IMS have a solution.

Matt Tully was dedicated to his craft and to this community. The Matthew L. Tully Memorial Fund is a meaningful way to keep his memory and work alive.

The Western world remains where it has been for some time, delicately poised between anaemic recovery and a shock that could tip us back into economic contraction.

Perhaps the most conspicuous manifestation of the instability is that investors can't make up their minds whether the greater risk comes from surging inflation that stems largely from China's irrepressible growth or the deflationary impact of the unsustainable burden of debt on peripheral and not-so-peripheral eurozone (and other) economies.

And whence do investors flee when it all looks scary and uncertain, especially when there's a heightened probability of specie debasement - to gold, of course.

Unsurprisingly, with the German finance minister, Wolfgang Schauble, implying that a writedown of Greece's sovereign obligations is an option, and with consumer inflation in China hitting 5.4% in March, there has been a flight to the putative safety of precious metal: the gold price hit a new record of $1,480.50 per ounce for June delivery yesterday and could well break through $1,500 within days (say the analysts). Silver is hitting 30-year highs.

In a way, if a sovereign borrower were to turn €100bn of debts (for example) into an obligation to repay 70bn euros, that would be a form of inflation - it has the same economic impact, a degradation of value, for the lender. But it is a localised inflation; only the specific creditors suffer directly (though there may be all sorts of spillover damage for others).

And only this morning there was another blow to the perceived value of a chunk of euro-denominated sovereign obligations. Moody's has downgraded Irish government debt to one level above junk - which is the equivalent of a bookmaker lengthening the odds the on that country's ability to avoid controlled or uncontrolled default.

Some would say that the Irish government has made a start in writing down debt, with the disclosure by the Irish finance minister Michael Noonan yesterday that he would want to impose up to 6bn euros of losses on holders of so-called subordinated loans to Irish banks.

But I suppose the big story in the eurozone, following the decision by the European Central Bank to raise interest rates, is that the region's excessive government and bank debts are more likely to be cut down to manageable size by a restructuring - writedowns of the amount owed - than by generalised inflation that erodes the real value of the principal.

The decision of the ECB to raise rates has to be seen as a policy decision that - in a worst case - a sovereign default by an Ireland, or Greece or Portugal would be less harmful than endemic inflation.

But is that right? How much damage would be wreaked if Greece or Ireland or Portugal attempted to reduce the nominal amount they owe to levels they felt they could afford?

Let's push to one side the reputational and economic costs to those countries - which are quite big things to ignore, by the way - and simply look at the damage to external creditors from a debt write down.

And I am also going to ignore the difference between a planned, consensual reduction in sums owed - a restructuring that takes place with the blessing of the rest of the eurozone and the International Monetary Fund - and a unilateral declaration of de facto bankruptcy by a Greece, Ireland or Portugal (although the shock value of the latter could have much graver consequences for the health of the financial system).

So the first question is how much of the impaired debt is held by institutions and investors that could not afford to take the losses.

Now I hope it isn't naive to assume that pension funds, insurance companies, hedge funds and central banks that hold Greek, or Irish or Portuguese debt can cope with losses generated by a debt restructuring.

The reason for mild optimism in that sense is that those who finance investments made by pension funds and insurers - that's you and me by the way - can't get their money out quickly or easily. We simply have to grin and bear the losses to the value of our savings, when the stewards of our savings make lousy investment decisions.

As for hedge funds, when they make bad bets, they can suffer devastating withdrawals of finance by their investors, as and when the returns generated swing from positive to negative. But so long as those hedge funds haven't borrowed too much, so long as they are not too leveraged - and most aren't these days - the impact on the financial system shouldn't be significant.

Finally, if the European Central Bank - for example - ends up incurring big losses on its substantial holdings of Greek, Portuguese and Irish debt, it can always be recapitalised by solvent eurozone nations, notably by Germany and France.

However this is to ignore the node of fragility in the financial system, the faultline - which is the banking industry.

In the financial system's network of interconnecting assets and liabilities, it is the banks as a cluster that always have the potential to amplify the impact of debt writedowns, in a way that can wreak wider havoc.

That's built into their main function, as maturity transformers. Since banks' creditors can always demand their money back at whim, but banks can't retrieve their loans from their creditors (homeowners, businesses, governments), bank losses above the norm can be painful both for banks and for the rest of us.

Any event that undermines confidence in the safety of money lent to banks, will - in a best case - make it more difficult for a bank to borrow and lend, and will, in the worst case, tip the bank into insolvency.

Which, of course, is what we saw on a global systemic scale from the summer of 2007 to the end of 2008. That's when creditors to banks became increasingly anxious about potential losses faced by banks from a great range of loans and investments, starting with US sub-prime.

So what we need to know is whether the banking system could afford losses generated by Greek, Irish and Portuguese defaults.

And to assess this, we need to know how much overseas banks have lent to the governments of these countries and also - probably - to the banks of these countries, in that recent painful experience has told us that bank liabilities become sovereign liabilities, when the going gets tough.

According to the latest published analysis by the Bank for International Settlements (the central bankers'central bank), the total exposure of overseas banks to the governments and banks of Greece, Portugal and Ireland is "just" $362.2bn, or £224bn,

Now let's make the heroic guess that a rational writedown of this debt to a sustainable level would see a third of it written off - which would generate $121bn (£75bn) of losses for banks outside the countries concerned.

If those loans were spread relatively evenly between banks around the world, losses on that scale would be a headache, but nothing worse.

But this tainted cookie doesn't crumble quite like that. Just under a third of the relevant exposure to public sector and banks of the three debt-challenged states, some $118bn, sits on the balance sheets of German banks, according to the BIS.

For all the formidable strength of the German economy, the balance sheets of Germany's banks are by no means the strongest in the world. German banks would not be able to shrug off $39bn or £24bn of potential losses on Portuguese, Irish and Greek loans as a matter of little consequence.

This suggests that it is in the German national interest to help Portugal, Ireland and Greece avoid default.

If you are a Greek, Portuguese or Irish citizen this might bring on something of a wry smile - because you would probably be aware that the more punitive of the bailout terms imposed by the eurozone on these countries (or about to be imposed in Portugal's case) is the expression of a German desire to spank reckless borrowers.

But as I have mentioned here before, reckless lending can be the moral (or immoral) equivalent of reckless borrowing. And German banks were not models of Lutheran prudence in that regard.

If punitive bailout terms make it more likely that Ireland, Greece or Portugal will eventually default, you might wonder whether there has been an element of masochism in the German government's negotiating position.

Casais com problemas de fertilidade que estavam passando por processo de fertilização in vitro no Brasil temem perder chance de ter filhos por causa da pandemia.

Key players at IU: Mental health providers battle depression among athletes

Kyle Neddenriep and Matt Glenesk discuss sports after the coronavirus hits, what is happening in recruiting, concerns about fall sports and more.

Kathy Loggan (middle), wife of the late Paul Loggan, talks alongside her kids Sami (left), Will (middle left) and Michael, with his fiancé Megan Sizemore at North Central High School on Thursday, May 7, 2020.

Nominate a mother involved in a sports for a Mother's Day feature

IndyStar high school sports Insider Kyle Neddenriep caught up with outgoing IHSAA commissioner Bobby Cox.

Charles Johnson and his wife, Kay, rarely missed a boys or girls basketball game or football game at Warren Central. He died of the coronavirus.

This year's IndyStar Sports Awards show will be streamed online and available on-demand starting June 18.

IndyStar preps Insider Kyle Neddenriep identified the 64 "best" high school teams of all-time. That means the best team you can put together.

Carmel and IU grad Sage Steele will co-host and star athletes like Drew Brees and Venus Williams will announce winners during the online broadcast.

For 2020 "Sports Mom of the Year," Kyle Neddenriep received heartfelt nominations from fathers, mothers, husbands, sons, daughters and friends.

The past several weeks have brought a whirlwind of emotions for the Loggan family as beloved North Central AD Paul Loggan died from COVID-19.

Sometimes it's the "Davos fringe" which provides the most stimulating discussions. To that end, I just enjoyed a constructive 15 minute diversion from the sub-prime blues, chatting with an American anthropologist called Helen Fisher about love. (You should be able...

Holcomb and Hogsett say they are on the same page.

Legendary kicker Adam Vinatieri wants to return for a 25th season but knows the Colts might have other plans.

According to report from Front Office Sports, former Colts punter Pat McAfee may be a candidate to join the "Monday Night Football" broadcast.

Jack Doyle can't get on the field with his new teammates but that hasn't stopped him from forging relationships.

2020-03-23 -

BBC Türkçe Servisi tarafından hazırlanan özel haberleri, ayrıntılı değerlendirmeleri, farklı konularda uzman konuklarla yapılan özel röportajları internet üzerinden bir kez daha dinlemek için tıklayın.

Key players at IU: Mental health providers battle depression among athletes

Wisconsin AD Barry Alvarez announced his school will not submit waivers for spring-sport seniors to regain a year of eligibility.

The Hoosiers' offensive line loses key leaders, with graduation of Simon Stepaniak and Hunter Littlejohn and transfer of Coy Cronk.

When Dennehy was asked if he would've fired Knight, he said yes. But he would have done it 15 years earlier when Knight hurled a chair across the court.

Kalen DeBoer's departure for Fresno State gives Nick Sheridan chance to lead Indiana's high-powered offense.

After a record-setting career at South Bend Riley, he rarely cracked the Hoosiers lineup in two seasons.

Key players at IU: Mental health providers battle depression among athletes

The pandemic has impacted us in many ways, but despite these challenges, our commitment to our community and you is stronger than ever.

Italian beef and Chicago-style hot dogs are now being sold near Ronald Reagan Parkway and U.S. 36.