man

Santorini: Honeymoon inspiration from this romantic Greek island



Dramatic, fiery and different every night, you'll never tire of looking at them. You'll bore everyone with photos of them. One of your friends proposed underneath one, while another made them the backdrop to her honeymoon. One thing's for sure, Santorini sure does a good sunset.




man

Inside Simon Cowell's home with Lauren Silverman and son Eric amid split confusion



SIMON COWELL, 60, and his partner, Lauren Silverman, live both in the UK and the US splitting their time. So what are their homes like?




man

Floyd Mayweather rules out Conor McGregor and Manny Pacquiao bouts by declaring retirement



Floyd Mayweather has flirted with coming out of retirement for a third time.




man

UK arrivals now face a mandatory 14-day quarantine - could holidays be changed forever?



THE GOVERNMENT is to enforce a new rule which will see all travellers arriving into the UK being instructed to go into a 14-day quarantine period. It is not yet known how this rule will be enforced, or for how long, but it has the potential to change the way we experience holidays.




man

Keir Starmer manages more to tackle antisemitism in 'four days than Corbyn in four years'



KEIR Starmer has done more to tackle antisemitism in the Labour Party in four days than predecessor Jeremy Corbyn did in four years, a former party member has said.




man

Germany PANIC: Merkel ally ‘worried’ about hard Brexit as Boris stands firm on deadline



GERMANY is worried about the possibility of a hard Brexit as trade negotiations between the UK and the EU have so far resulted in very little progress.




man

No additional COVID-19 cases identified in retroactive testing in Manitoba

More than a dozen past cases of severe pneumonia in Manitoba were re-tested for COVID-19, according to a government spokesperson.




man

Liverpool and Newcastle lead Kalidou Koulibaly transfer race after Man Utd and PSG move



Liverpool and Newcastle are leading the way for Kalidou Koulibaly.




man

Man Utd and Newcastle given Donny van de Beek transfer boost as ‘verbal agreement’ emerges



Manchester United and Newcastle have both been linked with summer transfer raids for Ajax midfielder Donny van de Beek.




man

Man Utd to rival Jose Mourinho for transfer, Werner to Liverpool, Newcastle instruction



The summer transfer window is nearly upon us as Manchester United, Chelsea, Liverpool, Arsenal and the rest of the Premier League look to strengthen for whenever the new season starts. Express Sport brings you the latest updates throughout the day.




man

Man Utd star named most influential Premier League player, Chelsea ace tops Liverpool icon



Manchester United hero Wayne Rooney has been named as the most influential Premier League player of all time, but who else makes the top 20?




man

Wayne Rooney penalty: Man Utd fans go crazy after Derby star scores Panenka vs Fulham



Derby star Wayne Rooney scored a brilliant panenka penalty against Fulham.




man

Premier League stars demand emergency meeting in fear of wage cuts due to coronavirus



Birmingham City players became the first Championship club to accept wage deferrals this week and Premier League stars are concerned they will be asked to follow suit.




man

Chelsea and Man Utd join Tottenham in race for PSG ace as Lampard looks to bolster squad



Chelsea and Manchester United have joined Tottenham in the pursuit of Paris Saint-Germain star Thomas Meunier.




man

GS Nguyễn Mạnh Hùng: 'Giải pháp liên minh là không thực tiễn'

Nhà phân tích chính trị từ ĐH George Mason trả lời câu hỏi Việt Nam có nên tìm cách liên minh với các nước khác để đối trọng với Trung Quốc.




man

LS Đặng Đình Mạnh: 'Khả năng Hồ Duy Hải được ân xá là 50/50'

Ý kiến từ luật sư Đặng Đình Mạnh về cơ hội sống của Hồ Duy Hải và nhận định về phán quyết của tòa hôm 8/5.




man

Man City offered Leroy Sane advice amid Bayern Munich transfer speculation



Manchester City are preparing for Bayern Munich to make a move for Leroy Sane.




man

Man Utd Sancho transfer complication, £70m Coutinho to Newcastle, Liverpool's Werner boost



Manchester United are hoping to sign Jadon Sancho this summer as part of a revamp under Ole Gunnar Solskjaer, Newcastle are keen on landing Philippe Coutinho and Liverpool may be able to sign Timo Werner on the cheap.




man

Man Utd fired Bruno Fernandes transfer warning because of Liverpool and Man City



Manchester United have been warned about their transfer activity.




man

Washington City man arrested in killing claims victim was trying to get into his home

Bradly Scott Hunt, 32, was booked into the Purgatory Correctional Facility after shooting and killing another man late Thursday night.

       




man

Jurors recommend death sentence for Utah man who set mother on fire in Indio

Israel Ramirez Guardado was convicted Dec. 2 of first-degree murder for the 2018 attack on his 61-year-old mother, Francisca Ramirez.

       




man

Latest on global search for coronavirus vaccine: 1st US candidate set for Phase 2; WHO tracks 8 efforts; Pfizer tests in humans

As the all-out effort for a vaccine accelerates, USA TODAY is rounding up some of the week's most notable developments.

      




man

Man who recorded Ahmaud Arbery's shooting on video was just a witness, his lawyer says

The lawyer for William "Roddie" Bryan, the Georgia man who recorded video of two white men shooting Ahmaud Arbery, says his client is not a vigilante.

      




man

Voting rights march kicks off month of Art & Soul performances

Art & Soul celebrates African-American art and artists in Indiana. The event coincides with Black History Month.

      




man

Retro Indy: Tony Kiritsis was a very angry man

He wired a shotgun to a mortgage banker's neck and abducted him on live TV, but he was found not guilty by reason of insanity.

      




man

Black History: Famed Indiana artists have a shared heritage at Manual High School

William Edouard Scott and John Wesley Hardrick both studied under famed Impressionist painter Otto Stark at Manual High School.

      




man

Letters: Commitment to dismantling racist policies an 'amazing first step'

We all must work together to dismantle the barriers and empower our neighbors for a truly inclusive city, a letter to the editor says.

      




man

Letters: Holcomb's coronavirus mandate: Keep Hoosiers alive, healthy

Indiana Gov. Eric Holcomb's responsibility and obligation is to the citizenry of Indiana, a letter to the editor says.

       




man

Man to get $1.4M from Indiana, city of Anderson after murder conviction reversal

Walter Goudy, 51, reached a settlement with the city of Anderson and the state of Indiana, according to city officials and and his attorney.

       




man

Police investigate death of man found in ditch near Noblesville

Hamilton County Sheriff's Office is investigating the death of a man who was found in a ditch Friday afternoon just northeast of Noblesville.

       




man

Man found fatally shot in west-side alley in Indianapolis

Officers found a man suffering gunshot wounds shortly after 11 p.m. in a neighborhood east of Riverside Park, IMPD said.

       




man

21-year-old man arrested in fatal shooting of Indianapolis mail carrier Angela Summers

Angela Summers, 45, was shot around 4 p.m. Monday while working in the 400 block of North Denny Street. She died later at an area hospital.

       




man

Indianapolis man suffers life-threatening injuries in fiery Johnson County crash

Police said the driver was trapped inside of his burning car after crashing on Ind. 37.

       




man

Noblesville man accused of stabbing victim multiple times

The suspect is a 21-year-old Noblesville man who is facing three felony charges.

       




man

Crowd gathers after police-action shooting at 62nd Street and Michigan Road leaves man dead

A man was killed on Indy's northwest side after what IMPD reported was an exchange of gunfire with an officer.

       




man

'No justice, no peace': Crowds gather after Indianapolis police fatally shoot man

Tense crowds chanted at Indianapolis police officers hours after an officer fatally shot a man following a pursuit partially caught on Facebook Live.

       




man

Indianapolis police fatally shoot man after a chase possibly broadcast on Facebook Live

An Indianapolis police officer fatally shot a man on the north side following a pursuit that seemingly was captured in part on Facebook Live.

       




man

Alexandria man accused of raping 14-year-old girl at gunpoint is arrested

Marc A. Jones Jr. faces charges of criminal confinement while armed with a deadly weapon, rape, sexual misconduct with a minor and pointing a firearm.

       




man

Freshman guard Khalif Battle to transfer from Butler

Battle was a four-star recruit ranked 82nd by ESPN in the 2019 class and became the highest-rated out-of-state player ever to pick Butler.

      




man

Indianapolis native is leading (amphibian) man of Oscars' most-nominated film

Indianapolis native Doug Jones takes his creature craft to new heights in Guillermo del Toro's "The Shape of Water."

      




man

Man arrested after shooting at Friday night social gathering in Noblesville

Police say a scuffle at a Friday night gathering in Noblesville, Indiana, led to a man shooting another man.

       




man

Sky Zone Fishers trampoline park closes permanently

An annoucement on the Fishers trampoline park's website states the park's permanent closure.

       




man

IndyCar driver Graham Rahal selling $8 million cliffside mansion outside Los Angeles

When Rahal bought the estate in November of 2017 for $6.1 million, it was the most expensive home ever sold in the city.

       




man

Peek inside IndyCar Graham Rahal's lavish California mansion

The $8,000 square foot, $8 million home sits atop a hill and features windows from floor to ceiling.

       




man

Bob Lazier, father of Indy 500 winner Buddy Lazier and series 'family man', dies at 81

He only ran once in the Indy 500, but Bob Lazier became a staple around the IndyCar paddock.

       




man

Larry Curry, who had rollercoaster IndyCar career as team engineer and manager, dies at 68

In a career not without mistakes and disappointments, Larry Curry showed sparks of brilliance during his IndyCar career that spanned five decades.

       




man

Varvel: How to draw Tariff Man

Watch Gary Varvel's time lapse video of his drawing of President Trump as Tariff Man.

      




man

Cartoonist Gary Varvel: Trump is Tariff Man

The president claims to have super trade powers

      




man

Hot Property: A Mad Man episode for this 1950s modern home

Look inside this 1950s modern home at 6474 Meridian St.

       




man

Could Germany afford Irish, Greek and Portuguese default?

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.