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FA Cup draw: When is quarter-final draw? Who could Man Utd, Chelsea, Arsenal face? TV info



The FA Cup fifth round takes place on Wednesday evening and Express Sport is on hand with all the info you need as the likes of Arsenal, Chelsea and Manchester United find out their opponents.




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State pension age? Some could boost monthly income - DWP announces new way to apply



STATE PENSION age must be reached in order to get the state pension. It also marks the point at which some may be able to claim the means-tested benefit Pension Credit.




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Martin Lewis reveals 'top payer' for regular savings but some could get even better rates



MARTIN LEWIS was on hand to answer questions from the public during The Martin Lewis Money Show - A Coronavirus Special on ITV on Thursday evening. During the instalment, he addressed ISA and regular savings accounts.




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Money saving hacks: How you could save over £650 in a year - from just one penny



MONEY saving hacks are something which many people will look to adopt in their lives, be it for a financial milestone or for a rainy day fund. And, there may be a way in which some soon see their spare cash add up.




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The five transfer deadline day deals that could be completed before 11pm tonight



Express Sport have rounded up five deals that could yet still happen between now and the transfer deadline at 11pm later tonight.




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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.




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Dubai holidays: Hotels could be up to 60 percent cheaper in a bid to lure back tourism



DUBAI hotels are slashing prices by up to 60 percent as part of its wider plans to boost tourism to the country.




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Novak Djokovic could miss out on Roger Federer record because of 'new generation'



Novak Djokovic has reduced the gap to Roger Federer's record significantly over the past two years.




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Martin Lewis says simple tips could prevent motorists from 'shelling out' for car repairs



MARTIN LEWIS has urged motorists to maintain their car in a good condition to prevent drivers from "shelling out" for repairs once the coronavirus lockdown is lifted.




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Making this one simple roundabout mistake could lead to fatal consequences for this reason



MOTORISTS could be putting themselves at risk of being hit by lorries and heavy goods vehicles at roundabouts in what could become a serious car crash.




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EE customers warned about dangerous new scam that could cost you



A WORRYINGLY convincing new scam tries to scam EE monthly and SIM-only customers into handing over their login and payment details. Here is everything you need to know.




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Google Chrome rival gets vital features that could tempt you to make the switch



GOOGLE CHROME is the undisputed champion of the internet browser marketplace, but one of its big rivals has received a major update that may tempt you over.




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78F hot VE weekend will end on a chill wind – and some regions could even see snow



BRITAIN will be hotter than Corfu today as the Bank Holiday weekend is greeted with glorious sunshine. Temperatures are expected to soar up to 78F for VE Day, with the warm spell lasting through tomorrow.




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England's Manu Tuilagi could seal Samoa switch as one of four stars Eddie Jones could lose



Manu Tuilagi may well end his international career away from England.




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Premier League clubs scared 50 players could revolt and put stop to Project Restart plans



Premier League clubs are fearful that a significant number of first-team stars may refuse to return to action if the league's Project Restart plan gets the green light.




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Premier League clubs scared 50 players could revolt and put stop to Project Restart plans



Premier League clubs are fearful that a significant number of first-team stars may refuse to return to action if the league's Project Restart plan gets the green light.




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Moon base: Astronaut urine could be used to construct lunar colonies - 'Very practical'



ASTRONAUTS could use their own wee to construct a Moon base, the European Space Agency has astonishingly announced.




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Melania Trump’s diet trick that could help you to live longer and satisfy sweet cravings



MELANIA TRUMP is the only First Lady to be a former lingerie model, and is certainly one of the most glamorous. But how does she keep her figure so trim now that she's in the White House?




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Premier League clubs set to vote for Project Restart - but players could veto proposals



Project Restart looks set to be approved by 14 Premier League clubs in a vote on Friday.




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Tour de France could end up being a throwback to its dark days due to coronavirus crisis



NEIL SQUIRES COLUMN: Daily Express' Chief Sports Writer expresses his concerns about the coronavirus pandemic's affect on the Cycling Anti-Doping Foundation testing programme.




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PS5 reveal date latest revealed by insider, this is when next-gen State of Play could air



PS5 fans may not have too much longer to wait for the reveal of the next-gen PlayStation. Here's when Sony's PlayStation 5 State of Play could air.




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FA Cup first round prize money: Amount Sunderland and Portsmouth could land



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




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Game of Thrones and golf tickle your fancy? A visit to Girona could be your ideal break



Golf, Game Of Thrones and gastronomic delights are just a few of the gems this Spanish city has to offer.




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Anthony Joshua vs Kubrat Pulev could take place in one of three counties - Eddie Hearn



Anthony Joshua vs Kubrat Pulev was supposed to take place on June 20 in London.




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Anthony Joshua next fight: Eddie Hearn reveals AJ's next outing could be abroad



Anthony Joshua is scheduled to return to action in July.




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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.




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Dubai holidays: Hotels could be up to 60 percent cheaper in a bid to lure back tourism



DUBAI hotels are slashing prices by up to 60 percent as part of its wider plans to boost tourism to the country.




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How Chelsea could line up with Ben Chilwell and four other potential signings next season



Chelsea have reportedly entered talks with Leicester over a move for Ben Chilwell, so how could the Foxes full-back fit in at Stamford Bridge?




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Vulnerable at home ‘could fuel second wave’ of the killer virus, experts warn



VULNERABLE people being cared for in their homes could fuel a second wave of coronavirus, it was warned last night.




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Donald Trump’s bid to win a second term could be damaged by coronavirus



DONALD Trump's bid to win a second term in the White House could be damaged by coronavirus because he can no longer hold the rallies that swept him to power.




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Why buying tinned food could save you over £200 a year on your weekly shop



SHOPPERS could save hundreds of pounds a year simply by making the swap from fresh foods to tinned alternatives, according to an exclusive cost comparison. What's more, an expert nutritionist weighs in on why buying canned food could help you to stick to healthy habits, especially in lockdown.




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Premier League clubs scared 50 players could revolt and put stop to Project Restart plans



Premier League clubs are fearful that a significant number of first-team stars may refuse to return to action if the league's Project Restart plan gets the green light.




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Coronavirus is the one thing Boris couldn’t see coming, says NICK FERRARI



IT WAS achieved with almost military precision. A wall was breached and a platoon of trusted lieutenants and foot soldiers was unleashed on the nation, who were to perform brilliantly under continued fire.




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Pension news: UK sitting on £20BILLION ‘LOST pension mountain’ that could remain UNCLAIMED



A “JAW-DROPPING” 1.6 million lost pension pots worth nearly £20 billion are being left unclaimed, according to estimates from an insurance industry body. Savers are losing track of their pension stash due to job changes or moving house, with future retirees potentially missing out on staggering sums for their golden years.




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Here's what visiting museums could be like once they reopen during the coronavirus fight

As The Children's Museum, Newfields and others wait for the OK to reopen, they are strategizing how to keep visitors safe from the coronavirus spread.

       




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'She could almost stop for some tea before the finish line': Brownsburg's Chloe Dygert Owen wins world title

The 22-year-old rider from Brownsburg became the youngest time trial winner — with the biggest margin — in the history of road cycling's World Championships.

      




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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.




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IndyCar could be dancing with the stars again

FORT WORTH, Texas -- It appears an IndyCar Series driver will be dancing next month on national television.

      




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Here's what the fall semester could look like for Indiana's colleges and universities

As colleges look to the fall semester, they're faced with the uncertainty of what it will look like. But plans are underway.

       




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Secret to landing top-30 target Zeke Nnaji could lie in Indiana's music department

Zeke Nnaji, a four-star, top-30 power forward from just outside Minneapolis, is arguably as good a pianist as he is a basketball player.

       




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How COVID-19 could impact the May primary in the 5th District and across Indiana

So far, Indiana leaders haven't made a decision to postpone the May primary over coronavirus despite decisions to do so in Ohio and Kentucky.

      




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Prophet Brown's wide-ranging skill set could bring possibilities for Notre Dame

Prophet Brown's wide-ranging skill set could bring possibilities for Notre Dame.

       




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Some Indiana workers could see extra unemployment benefits soon

The federal boost to unemployment compensation is retroactive to March 29, though some Hoosiers will still be waiting.

       




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Shopping malls could reopen soon. Here are the changes you can expect.

Simon Property Group has published protocols to keep shoppers safe during coronavirus. Here's what changes the shopping mall owner is planning.

       




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Scared of the coronavirus? Refusing to work could affect your unemployment benefits

Indiana workers could lose their eligibility for unemployment benefits if they are recalled to work but refuse to return over fears of the coronavirus

       




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US Military Is Furious At FCC Over 5G Plan That Could Interfere With GPS

An anonymous reader quotes a report from Ars Technica: GPS is facing a major interference threat from a 5G network approved by the Federal Communications Commission, U.S. military officials told Congress in a hearing on Wednesday. In testimony to the Senate Committee on Armed Services, Department of Defense Chief Information Officer Dana Deasy disputed the FCC's claims that conditions imposed on the Ligado network will protect GPS from interference. When the FCC approved Ligado's plan last month, the agency required a 23MHz guard band to provide a buffer between the Ligado cellular network and GPS. Deasy argued that this guard band won't prevent interference with GPS signals. Results from tests by federal agencies show that "conditions in this FCC order will not prevent impacts to millions of GPS receivers across the United States, with massive complaints expected to come," Deasy said. The FCC unanimously approved Ligado's application, but the decision is facing congressional scrutiny. "I do not think it is a good idea to place at risk the GPS signals that enable our national and economic security for the benefit of one company and its investors," Sen. James Inhofe (R-Okla.) said at the hearing, according to CNBC. "This is about much more than risking our military readiness and capabilities. Interfering with GPS will hurt the entire American economy." A spokesperson for FCC Chairman Ajit Pai called the military's concerns "baseless fear-mongering" in a statement quoted by Multichannel News. "The FCC made a unanimous, bipartisan decision based on sound engineering principles," the spokesperson said. The FCC said "the metric used by the Department of Defense to measure harmful interference does not, in fact, measure harmful interference," and that "testing on which they are relying took place at dramatically higher power levels than the FCC approved." "Ligado said Wednesday in a statement that it has gone to great lengths to prevent interference and will provide 'a 24/7 monitoring capability, a hotline, a stop buzzer or kill switch' and will 'repair or replace at Ligado's cost any government device shown to be susceptible to harmful interference,'" CNBC reported. The FCC also said it imposed a power limit of 9.8dBW on Ligado's downlink operations -- "a greater than 99 percent reduction from what Ligado proposed in its 2015 application," Pai said.

Read more of this story at Slashdot.




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Insider: If the NBA returns, Pacers could benefit with a healthy backcourt

Malcolm Brogdon is healing and more minutes for JaKarr Sampson could get the Pacers out of the first round of the playoffs

      




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What restaurant service could look like as Indiana reopens after coronavirus restrictions

Restaurant owners are discussing what could change after coronavirus restrictions lift in Indiana. Here are some changes that could be on the way.

       




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Here's what visiting museums could be like once they reopen during the coronavirus fight

As The Children's Museum, Newfields and others wait for the OK to reopen, they are strategizing how to keep visitors safe from the coronavirus spread.

       




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Johnson County wants to add 165 miles of trail. Here's where they could go one day.

Johnson County has adopted a trails master plan that lays out 165 miles of new walking and biking trails in the county.