Two views on closing the capital gains loophole in Vermont

first_imgSource: Public Asset Institute, Montpelier, 3/20/2009Capital Gains 40% Exclusion Comments to the Senate Finance Committeeby Daniel Cunningham. Burlington, Vermont, entrepreneur.Thank you for having me here today.  The last time I testified in front of a committee here was when I was a senior in high school, and the issue was the designation of the Vermont state rock in Act 221.  I can assure you I am more excited to talk finance today than geology.I grew up in Bennington, attended Mount Anthony, and studied computer science in college.   While an undergraduate I started a company that eventually merged into, which with just a handful of employees became the 8th largest site on the Internet in 1999.  I founded a chocolate company which I still run today, called Dan’s Chocolates, and I co-founded a social networking company that grew to 34 million members and was the leader in social networking in South Africa, Indonesia, and India, as well as other countries.  I moved back to Vermont in 2005, solely because I love the state.  For me, it was a move based on emotion.  And I convinced my wife from New Orleans that the weather here wasn’t too different from Louisiana.Our nation has seen a tremendous reduction in capital gains taxation in the past eight years.   As federal capital gains rates have been lowered, my job has gotten easier.  An entrepreneur, by definition, is someone who moves capital to havens of higher return.  We upset existing industries and companies by finding efficiencies and generating higher yields.A disturbing trend has emerged nationally, however.  Capital is favored so greatly over labor in the tax code that a semi-permanent aristocracy has formed.   Investors making hundreds of millions of dollars a year are paying lower marginal tax rates than factory workers.  Much is wrong both economically and ethically in the federal capital gains tax code,  many businesspeople from Warren Buffett on down agree.  Including me.So why, given this outlook of mine, am I here to argue the opposite? The State of Vermont faces a very different issue than the federal government: namely, competition.  As a state, we must compete against other states.  Entrepreneurs, especially those in high-yield fields like software, consumer brands, or finance, can live and work almost anywhere today.  And we want these entrepreneurs in Vermont, as their businesses need few public resources, have small environmental footprints, grow exports quickly, and create high-paying career-level jobs.Entrepreneurs take huge economic risks that no one else will shoulder for the promise of recognizing capital gains. Often this means forgoing salary for years.  Hence we pay close attention to taxation in this area. With one quick web search, a table of comparative tax rates is delivered to anyone who wants to view the tax offerings from every state in the union (1).  As information becomes easy to access, entrepreneurs can maximize their location decisions without hiring consultants or lawyers it only takes a few minutes to decide where you should move your business.When I informed businesspeople in Boston that I was moving back to Vermont, they would often make jokes about how I had managed to find a state that taxed more than Massachusetts.  In Vermont, the problem we face is not only that we have some of the highest property, income, and corporate taxes in the country, but that this fact has been burned into the state’s brand.   Businesspeople and entrepreneurs associate Vermont with high taxation.  The only tax we offer that is somewhat competitive is the capital gains tax with the 40% exclusion.   It is not good policy, nor is it good business,  to terminate our one area of strength.As a government, I suspect you would raise far more revenue if you keep the capital gains tax where it is, rather than raising it.  In fact, if you lowered it to, say, the level of Colorado, at 4.63%, you likely would make more still, due to the economics of the Laffer Curve.   You will have an army of entrepreneurs trying to work for you, generating both capital gains tax income and more jobs, instead of working against you and leaving the state, or never arriving, because they feel slighted.  We need entrepreneurs to move here the base of those of us who live here or grew up here is too small to create the needed job growth.My recommendation is to be competitive in the capital gains tax rate, and let entrepreneurs know.  We will tell each other, we will find the information via ads and web searches and Internet forums, and over time, you will have people clamoring to get here.   The Boulder, Colorado area is experiencing tremendous career-level job growth as entrepreneurs and businesses flee high-tax California to enjoy low tax rates in a progressive area.  We can do the same.Entrepreneurs and businesspeople are the lifeblood of job creation. We should not be placed in the same category as those who inherit money or move to Vermont because they are done with their New York finance or legal careers.  We are here to build businesses, products, and jobs.  But we are also a competitive bunch, and the State of Vermont needs to recognize its competitive position.  I ask you, in the name of all entrepreneurs in the Green Mountain State too overworked and disorganized to form a trade group, to keep the 40% capital gains exclusion in place.Whatever you decide, I would like to thank you for your service to Vermont, and for the opportunity to speak to you today.   The ability to speak directly to one’s government truly is a cherished freedom.Daniel Cunningham. Burlington. 4/8/08 The Vermont Legislature is considering closing the capital gains loophole to help offset the state’s General Fund budget deficit. Here are two opinions on that issue currently being considered by the Vermont Legislature. Legislators already have closed a loophole in the business carry forward tax loss area, where a company cannot move into Vermont anymore and recognize a state-level tax loss from previous years that was incurred elsewhere.Repealing Vermont’s Capital Gains Tax Break Would Ease Budget Woes and Improve Tax FairnessA new report released today by the Institute on Taxation and Economic Policy (ITEP) finds that Vermont could save upwards of $35 million per year if it were to repeal the tax break the state currently offers for income from capital gains. According to the report, A Capital Idea, Vermont is one of just nine states to grant preferential tax treatment to capital gains income. Together, those states will lose more than $660 million in 2008 from such policies.”Vermont’s capital gains exclusion deprives the state of millions of dollars in needed funds, benefits almost exclusively the very wealthiest members of our communities, and fails to promote economic growth,” said Paul Cillo, Executive Director of the Public Assets Institute.Jeff McLynch, ITEP’s Northeast Regional Director and one of the authors of the report, added, “Right now, legislators from Rhode Island to Hawaii are searching for solutions to mounting budget deficits, solutions that will allow them to fund vital public services without placing additional responsibilities on those families struggling to make ends meet. Repealing costly, inequitable, and ineffective tax breaks like Vermont’s capital gains exclusion are the first place they should look.”In practice, very few working class Vermonters have capital gains income that is subject to taxation. As the report notes, taxpayers with adjusted gross incomes (AGI) of less than $50,000 comprised 69 percent of all federal returns filed by Vermonters in 2006, but constituted just 14 percent of returns with income from capital gains. In fact, taxpayers in this income group received just 5 percent of total capital gains income reported by Vermonters on their federal tax returns that year.Gov. Jim Douglas has called for repeal of the capital gains exclusion.”[A] working man or woman in Vermont making $50,000 a year pays nearly 50 percent more tax than someone who does not work and simply lives off investment or trust fund capital gains income in the same amount,” Douglas said in his 2008 State of State Address.”Our state is one of only a few that has such an unfair penalty for doing an honest day’s work. This is grossly unfair. We must close this loophole and eliminate this working tax penalty.”In early 2008, the governor proposed using the additional tax revenue from repeal of the capital gains exclusion to reduce tax rates on people in the higher tax brackets. Since then, however, Vermont has suffered a sharp drop in General Fund revenue, and the governor has recommended using property taxes to cover general state spending. Ending the “working tax penalty” would be a fairer way to close the General Fund budget gap.A Capital Idea finds that the impact of repealing Vermont’s capital gains tax break would fall almost exclusively on the most affluent state residents. More specifically, 75 percent of the additional tax revenue generated by repeal would be paid by the richest 1 percent of taxpayers in Vermont families and individuals with incomes over $369,700 in 2008. Said McLynch, “Vermont lawmakers face a clear choice: keep in place a tax break that largely benefits the wealthy few or repeal that tax break and fund the investments in education and infrastructure that will speed economic recovery.”Public Assets Institute is a nonprofit, nonpartisan organization that promotes sound budget and tax policies to benefit all Vermonters. Additional information is available at is external).Based in Washington, DC, the Institute on Taxation and Economic Policy is a non-profit, non-partisan research organization that seeks to inform policymakers and the public of the effects of current and proposed tax policies on tax fairness, government budgets, and sound economic policy. Copies of A Capital Idea, including detailed estimates of the impact repealing capital gains tax breaks would have in each of the nine states highlighted in the report, are available at is external).last_img read more

Two Koreas on high alert as typhoon approaches peninsula

first_imgNatural disasters tend to have a greater impact in North Korea due to its creaking infrastructure, and the country is vulnerable to flooding as many mountains and hills have long been deforested.Pyongyang’s state media said authorities had taken “urgent measures” to minimize the damage.”Heavy rain and strong winds are expected to hit various areas of the DPRK,” said the official KCNA news agency. Officials had undertaken a “detailed survey of dangerous spots” and inspected infrastructure including railway tunnels and roads, it added.Maysak is the second typhoon in a week to hit the peninsula. North Korean leader Kim Jong Un last week visited a farming region hit by Typhoon Bavi and expressed relief the damage was “smaller than expected”. Topics : “We are especially concerned,” he added.Maysak — named after a Cambodian tree — was predicted to make landfall late Wednesday west of Busan on the southern coast, then make its way up the eastern side of the peninsula before heading northwards into the Sea of Japan, known as the East Sea in Korea.It was forecast to make landfall again on Thursday near North Korea’s industrial city of Chongjin. “The winds could become more powerful” later Wednesday and into Thursday, South Korea’s Meteorological Administration said, forecasting heavy downpours of more than 400 millimeters.center_img Flights were grounded in South Korea and storm warnings issued on both sides of the Korean peninsula as a typhoon forecast to be one of the most powerful in years made its approach Wednesday.More than 300 domestic departures were cancelled as Typhoon Maysak churned across waters south of the resort island of Jeju packing gusts of up to 162 kilometers per hour (101 miles per hour).South Korean Prime Minister Chung Sye-kyun said the storm was forecast to be similar in strength to 2003’s Typhoon Maemi, which left 131 people dead and more than 4 trillion won ($3 billion) in damage.last_img read more

6 Tips Inspired by Kate Middleton: How To Make Your Wedding Cake a Royal Affair.

first_img Share Share 39 Views   no discussions Sharing is caring! Sharecenter_img Tweet Food & DiningLifestyle 6 Tips Inspired by Kate Middleton: How To Make Your Wedding Cake a Royal Affair. by: – April 1, 2011 Prince William and his blushing bride-to-be, Kate Middleton, have selected their cakes for their wedding day but, unless you have your pick of primo bakers at the ready (and desire to serve your guests fruitcake!), you may need a little help when it comes to picking your day-of pastries.We talked with Pastry Chef Anita Adams of Jacksonville, Florida’s Let Them Eat Cake to get the scoop behind the beaters. She told us what your baker wished you knew before you booked your wedding cake.1. Make It Your OwnKate & William kept with tradition, selecting a brandy-flavored fruit cake for their official wedding dessert.While Kate is letting the baker work her magic by creating themed tiers showcasing British ingredients, she’s speaking up where it counts, requesting a traditional cake infused with modern style.It’s been reported that Kate showed up with a “mood board,” a collage of colors, fabrics, and images that she’s crafting the wedding around. Take a tip from Kate and think ahead to what you want. Fondant? Fresh flowers? A dynamic filling? Think about what matters to you.While it’s unlikely that Kate is able to dash off to the local bakery with just her Mom in tow for a tasting, the rest of us seem to think that we should encourage our own possee of attendants to tag along.The problem with this, says Adams, is that you end up trying to please everyone, requesting a layer that speaks to Mom’s love of Key Lime, your best friend’s flair for apricot filling, and your soon-to-be hubby’s dreams of marble swirling.“Allow your baker to work with you and create a cake that flows from layer to layer,” said Adams. “You can have different flavors; you just don’t want your guests’ palates to end up confused”3. The Great Debate: Real Flowers vs. Sugar FlowersKate opted to use sugar flowers on her cake, delicate hand-made blooms crafted from gum paste and spun sugar, among other edible items.While brides have been debating real flowers verses edible blooms for decades, we can all agree on one thing: Kate’s use of symbolically important buds, ones that stand for endurence, strength, and their home country, is an elegant move indeed. When you’re deciding on blooms, consider their meaning.Other things to consider? Cost (in-season fresh blooms are generally less costly than the sugar version), arena (sugar flowers may wilt in the heat of an outdoor wedding), and your true vision (if the flower needs to look a certain way, then going the sugar route may be your best option).4. Involve the GroomThey may not care about what paper you print the invitations on, or what song Grandma walks down the aisle to, but you can bet that most grooms-to-be will be oh-so happy to tag along to a cake tasting. Prince William, its been reported, specifically requested a Groom’s Cake, a traditionally Southern dessert idea from the United States.Ask your guy if he’s ever considered what he’d like at the wedding. Be prepared: Some grooms request cakes in the shapes of cars or guns, to celebrate a hobby, or in the colors of their alma mater. If camo-colored icing isn’t your slice of cake, then steer them in William’s classy direction: a simple, indulgent cake absolutely doused in delicious chocolate. Who can argue with that?5. Plan Ahead, but Not Too Far AheadWhen the country is on-call for your nuptials, it’s less important to nail down what you really want. For brides who don’t have the royal hotline at their disposal, it’s important to book the baker you want as soon as you know.“We only take one wedding cake order per weekend,” said Adams. “So that may mean that calling four months ahead is fine, but you may call six months ahead and find that we’re already booked for a popular weekend.” She encourages brides to come in and make a small deposit to save their date, then to come in between six weeks and three months before the wedding to finalize their details.“We like to taste closer to the date, because we know you’ll change your mind!,” said Adams. At least you don’t have to worry about Kate’s predicament; a fruitcake tastes better as it ages, so the bakers began the four-week process in late March.6. Be Practical When It Comes to ColorWe’re sure Kate will have someone on hand to let her know if one of those bits of fruit gets lodged in her gorgeous smile, but for those of us depending on busy bridesmaids, it’s best to look out for yourself.Adams says a top wedding request that she has to turn down is red velvet cake. Red Velvet is beautiful,” said Adams, “but it gets on everything.” The dye used to color the cake layers easily gets on napkins, table linens, and even your dress.“We warn against anything with food coloring,” said Adams, “even icing, though we do tint a light pink if a bride requests it.” For the record, Kate is going all white with cream-based icing. No pink-tinted teeth for the Princess!Source: Shinelast_img read more

Johnson set for Stoke move

first_img “We’ve got other irons in the fire and sometimes if you invest too much time in one deal, then you can lose others. That was the case with this one so we’ve stepped aside and we’re looking at other things now.” While Stoke have been busy bringing in reinforcements, they have seen Steven Nzonzi leave for Europa League winners Sevilla this week and look set to lose goalkeeper Asmir Begovic to Chelsea. Asked the latest on the Begovic situation, Hughes said: “I haven’t had an update today but my understanding is that he’s likely to travel to Chelsea and that will be concluded.” Hughes also backed the Bosnia and Herzegovina international to push Thibaut Courtois hard for the number one jersey if he joins the Premier League champions and not just settle for a back-up role. ” I would imagine, having worked with Asmir, that he’ll back his ability and he would think he will challenge and get game time there, or he wouldn’t have gone there,” the former Chelsea striker said. “He’s a confident goalkeeper and a very accomplished goalkeeper so he’ll push whoever’s in the number one very, very hard.” Press Association No deal has been officially confirmed but Stoke boss Mark Hughes admitted on Saturday morning that the 30-year-old England international’s experience would be a valuable addition to the squad. Speaking to Sky Sports from Stoke’s pre-season tour to Singapore, Hughes said: ” Glen’s a very experienced player, we obviously feel that the qualities that he has will help us. Stoke look set to announce the signing of former Liverpool right-back Glen Johnson as they continue their summer recruitment drive. “We’re a team that’s trying to progress and you do that by getting good players into your squad and they will help us. “Glen has played at a high level for a very long time and we can benefit from that.” Johnson is a free agent after being released by Liverpool when his contract ran out at the end of last season. The right-back spent the last six years at Anfield having previously played for Portsmouth, Chelsea, Millwall and West Ham. He has won 54 caps for England since making his debut in 2003 and was part of Roy Hodgson’s squad at last summer’s World Cup. The capture of Johnson would follow the arrivals of Shay Given, Marco van Ginkel, Joselu, Philipp Wollscheid and Jakob Haugaard this summer as Stoke look to build on last season’s ninth-placed finish in the Barclays Premier League. The Potters had also been looking to bring in Inter Milan’s Xherdan Shaqiri but Hughes says the club have now “stepped aside” in their pursuit of the Switzerland international and turned their attention elsewhere. Hughes said of the 23-year-old: “We expressed an interest, we put a bid in, but we needed really to set a deadline. last_img read more

Portland Timbers win MLS is Back Tournament after edging Orlando City in final

first_imgPortland secured not only its first trophy since 2015 with the win, but also a place in next year’s Concacaf Champions League.Portland took the lead in the 27th minute, Mabiala heading in a lovely set-piece from Diego Valeri.What a ball. Great [email protected] open the scoring in the #MLSisBack Tournament Final! 1-0.— Major League Soccer (@MLS) August 12, 2020But Orlando drew level six minutes before halftime after some nice work by Nani. The former Manchester United star beat his man down the left before crossing, with Pereyra putting away the equaliser.WE”RE LEVEL!Mauricio Pereyra makes it 1-1 for @OrlandoCitySC. #PORvORL— Major League Soccer (@MLS) August 12, 2020However, another Portland set-piece led to the Timbers restoring their lead. Valeri’s corner caused problems before Zuparic turned in Jeremy Ebobisse’s effort for what proved to be the decisive goal. ALL HUSTLE! 💪Dario Zuparic gives @TimbersFC the 2-1 lead in the final. #PORvORL— Major League Soccer (@MLS) August 12, 2020This is Portland’s second piece of silverware after they also lifted the MLS Cup in 2015.Los Angeles FC striker Diego Rossi finished as top scorer of the tournament, with seven strikes to his name. The Timbers’ Sebastian Blanco contributed a tournament-high five assists.Portland’s win in the final has booked their place in the Concacaf Champions League next year in what will be their third appearance at the competition. The Portland Timbers won the MLS is Back Tournament on Tuesday after a 2-1 victory over Orlando City in the final.Portland’s Larrys Mabiala opened the scoring with a header in the 27th minute, though Orlando City’s Mauricio Pereyra evened the score just before halftime at the Walt Disney World Resort. Portland’s Dario Zuparic scored what proved to be the winner for the Timbers in the 66th minute.last_img read more

NHL bubble, explained: A guide to the hub city rules, teams & schedule for Edmonton, Toronto

first_imgThe NHL has reached the “play” portion of its Return to Play plan: games in two Canadian “hub cities” beginning Aug. 1. Teams reported to those cities July 26 and will remain in isolation for as long as they are required to be there. They played one exhibition game each prior to the start of the pre-Stanley Cup playoffs schedule, which consists of a qualifying round and round-robin play taking place simultaneously.Hockey is making its official return to the ice more than four months after the 2019-20 season was suspended March 12 because of the global coronavirus (COVID-19) outbreak. The league and its players agreed to resume play in four phases, with Phase 4, the current phase, being the last step. Here’s what you need to know about the NHL’s “bubble” and hub city setup: What is the NHL bubble & hub cities?The NHL “bubble” consists of limited areas in two hub cities — Edmonton and Toronto — where team personnel will be required to remain as the league tries to prevent the spread of COVID-19. Each club is taking up one floor in a designated hotel. Other access areas include arenas, practice facilities, dining destinations (hotel restaurants and bars, and conference areas where food is brought in) and “other demarcated areas (indoor and outdoor),” according to the league’s Phase 4 protocols. Individual access will be decided by the person’s role with the club.MORE: NHL playoff bracket 2020Where is the NHL bubble?The NHL bubble, unlike the NBA bubble in Orlando, is in two hub cities: Edmonton (for Western Conference teams) and Toronto (for Eastern Conference teams). Games will be played at Edmonton’s Rogers Place and Toronto’s Scotiabank Arena without spectators.NHL bubble & hub city teamsThe NHL has brought 24 teams, 12 in each conference, to the hub cities. The top four teams in each conference based on regular-season records will compete in a round-robin to determine their seeding for the Stanley Cup playoffs. Teams in the fifth through 12th positions in each conference will compete in a best-of-five qualifying round to determine the remainder of the playoff field. Below are the 24 teams in the NHL bubble and hub cities based on the standings at the time NHL commissioner Gary Bettman declared the regular season over on May 26, or 2 1/2 months after the season was suspended on March 12. Positions were set by points percentage, since not all teams played the same number of games.NHL standings 2019-20Eastern ConferenceRankTeamWLOTLPointsPoints pct1Bruins441412100.7142Lightning4321692.6573Capitals4120890.6524Flyers4121789.6455Penguins4023686.6236Hurricanes3825581.5967Islanders35231080.5888Maple Leafs3625981.5799Blue Jackets33221581.57910Panthers35221581.56511Rangers3728579.56412Canadiens3131971.500Western ConferenceRankTeamWLOTLPointsPoints pct1Blues42191094.6622Avalanche4220892.6573Golden Knights3924886.6064Stars3724882.5945Oilers3725983.5856Predators3526878.5657Canucks3627678.5658Flames3627779.5649Jets3728680.56310Wild3627777.55811Coyotes3329874.52912Blackhawks3230872.514NHL qualifying round matchupsEastern Conference(5) Penguins vs. (12) Canadiens(6) Hurricanes vs. (11) Rangers(7) Islanders vs. (10) Panthers(8) Maple Leafs vs. (9) Blue JacketsWestern Conference(5) Oilers vs. (12) Blackhawks(6) Predators vs. (11) Coyotes(7) Canucks vs. (10) Wild(8) Flames vs. (9) JetsNHL teams not in the bubble & hub citiesSeven teams did not advance to the qualifying round in the NHL bubble and hub cities based on their records. Their 2019-20 seasons ended when the NHL’s Return to Play plan was approved. The non-bubble/hub city teams are the Red Wings, Senators, Devils and Sabres in the East; and the Sharks, Kings and Ducks in the West.MORE: NHL restart TV scheduleNumber of people per team in the NHL bubble & hub citiesTeams were allowed to bring 31 players and as many as 52 people (including ownership, executives, coaches and staff) total to their hub city hotel. Traveling parties will stay together at team hotels, but each person will have their own room and no one can visit another room. Guests will not be allowed inside the NHL hub city bubble until the conference finals in September in Edmonton, where family members can reunite with players.COVID-19 testing in the NHL bubble & hub citiesAccording to, players will undergo testing and temperature and symptom checks daily during Phase 4. People who are in the bubble (the league is calling it the “secure zone”) must wear protective masks whenever they are outside their hotel rooms, but they can remove them while exercising, playing, eating or drinking. Social distancing must be maintained “in all circumstances in which it is feasible,” per the league’s protocols.Any member of a team’s traveling party who develops COVID-19 symptoms is required to inform a club representative immediately and then self-isolate. The club’s physician will examine the person and then decide in tandem with the club’s infectious disease specialist and the league’s event medical director whether to conduct PCR testing. Club personnel are also required to inform medical personnel if they come into contact with anyone they suspect has COVID-19.In the case of symptoms and/or a positive test, the person will be isolated in their hotel room if they are in it at the time, or be sent to a designated isolation area if they are outside their room within the secure zone and medically stable. If they are “acutely ill or medically unstable,” then medical personnel “shall arrange appropriate clinical follow up, treatment and care.”As for when those who test positive can exit isolation after a positive test: It’s complicated. The abbreviated version:Asymptomatic persons: Ten days after the first positive test if the person has remained asymptomatic; or after two consecutive negative respiratory tests in a period of 24 or more hours.Persons who display symptoms at the time of testing or during self-isolation: No fever or respiratory symptoms over a 72-hour period, if the person has been in self-isolation for at least 10 days since the onset of symptoms; or two consecutive negative tests plus a resolution of any fever (without the use of fever-reducing medications) and an improvement in respiratory symptoms.Physicians treating people in isolation must “conclude that the person no longer presents a risk of infection to others, and that it is medically appropriate (given individual and local circumstances) to terminate the requirement for self-isolation.” Further, “the termination of the isolation requirement must be consistent with applicable local public health regulations or other requirements.”MORE: NHL fans are kneeling at home because players aren’t protesting during anthemCan a player leave the NHL bubble & hub cities?Yes, but only in a limited number of cases, per medical reasons, extenuating circumstances (such as the birth of a child or an illness or death in the family), or a family event such as a wedding. When a player returns to the secure zone, he will be quarantined in his hotel room and then need to test negative at least four consecutive times over a four-day period.What happens if a player leaves the bubble without permission?The player can be removed from the secure zone upon returning, or he can be quarantined for 10-14 days and subjected to “enhanced testing and monitoring.” Teams can be fined and/or lose draft picks for unauthorized departures from the bubble.NHL bubble & hub city scheduleA maximum of six games per day will be played in NHL hub cities during qualifying round and round-robin competition, with tripleheaders in each arena. The qualifying round begins Aug. 1; round-robin play begins Aug 2. This segment of the NHL’s return to play will end Aug. 9.Below is a day-by-day schedule for the qualifying rounds and round-robin seeding games in the NHL bubble and hub cities through Aug. 9.NHL qualifying round & round-robin schedules(All times Eastern)Saturday, Aug. 1Rangers vs. Hurricanes, Game 1, in Toronto, noonBlackhawks vs. Oilers, Game 1, in Edmonton, 3 p.m.Panthers vs. Islanders, Game 1, in Toronto, 4 p.m.Canadiens vs. Penguins, Game 1, in Toronto, 8 p.m.Jets vs. Flames, Game 1, in Edmonton,10:30 p.m.Sunday, Aug. 2Coyotes vs. Predators, Game 1, in Edmonton, 2 p.m.Flyers vs. Bruins, round-robin, in Toronto, 3 p.m.Blues vs. Avalanche, round-robin, in Edmonton, 6:30 p.m.Blue Jackets vs. Maple Leafs, Game 1, in Toronto, 8 p.m.Wild vs. Canucks, Game 1, in Edmonton, 10:30 p.m.Monday, Aug. 3Rangers vs. Hurricanes, Game 2, noonJets vs. Flames, Game 2, 2:30 p.m.Capitals vs. Lightning, round-robin, in Toronto, 4 p.m.Stars vs. Golden Knights, round-robin, in Edmonton, 6:30 p.m.Canadiens vs. Penguins, Game 2, 8 p.m.Blackhawks vs. Oilers, Game 2, 10:30 p.m.Tuesday, Aug. 4Panthers vs. Islanders, Game 2, noonCoyotes vs. Predators, Game 2, 2:30 p.m.Blue Jackets vs. Maple Leafs, Game 2, 4 p.m.Flames vs. Jets, Game 3, 6:45 p.m.Hurricanes vs. Rangers, Game 3, 8 p.m.Wild vs. Canucks, Game 2, 10:45 p.m.Wednesday, Aug. 5Islanders vs. Panthers, Game 3, noonPredators vs. Coyotes, Game 3, 2:30 p.m.Lightning vs. Bruins, round-robin, 4 p.m.Avalanche vs. Stars, round-robin, 6:30 p.m.Penguins vs. Canadiens, Game 3, 8 p.m.Oilers vs. Blackhawks, Game 3, 10:30 p.m.Thursday, Aug. 6Canucks vs. Wild, Game 3, 2:30 p.m.Capitals vs. Flyers, round-robin, 4 p.m.Golden Knights vs. Blues, round-robin, 6:30 p.m.Maple Leafs vs. Blue Jackets, Game 3, 8 p.m.Flames vs. Jets, Game 4, 10:30 p.m.Friday, Aug. 7Islanders vs. Panthers, Game 4, 12 p.m.Predators vs. Coyotes, Game 4, 2:30 p.m.Penguins vs. Canadiens, Game 4, 4 p.m.Oilers vs. Blackhawks, Game 4, 6:45 p.m.Maple Leafs vs. Blue Jackets, Game 4, 8 p.m.Canucks vs. Wild, Game 4, 10:45 p.m.Saturday, Aug. 8Golden Knights vs. Avalanche, round-robin, 3 p.m.Flyers vs. Lightning, round-robin, 8 p.m.center_img Sunday, Aug. 9Bruins vs. Capitals, round-robin, 12 p.m.Stars vs. Blues, round-robin, 3 p.m. ETBlue Jackets vs. Maple Leafs, Game 5, 8 p.m.The Stanley Cup playoffs will begin after the conclusion of the qualifying round and round-robin play. All four rounds of the playoffs will be best of seven. The Stanley Cup Final is tentatively set to begin Sept. 22 and end as late as Oct. 4.The NHL Draft (Oct. 9-10) and free agency (which could start as late as Oct. 13) will follow the completion of the Stanley Cup Final. The 2020-21 NHL regular season is tentatively set to begin Dec. 1, 2020.last_img read more


first_img–30– ARCADIA, Calif. (June 27, 2015)–Heavily favored Masochistic fairly toyed with six rivals en route to a sensational 3 ½ length win in Saturday’s Grade I, $300,000 Triple Bend Stakes at Santa Anita. Ridden by Tyler Baze and trained by Ron Ellis, the 5-year-old California-bred gelding by Sought After cruised seven furlongs in 1:20.25.Breaking from post position five, Masochistic showed his customary zip from the gate but was soon joined to his inside by San Onofre, who with Alex Solis aboard, was sent to a narrow lead before being collared by the winner mid-way around the far turn.“He broke sharp and everything went perfect,” said Ellis, who took over training Masochistic prior to his most recent start, a three quarter length win in the Grade II Kona Gold Stakes on April 11. “It helped that we had the outside post. He’s just a super-talented horse and he’s learning to relax. That’s going to make him tough.”Off at even money, Masochistic paid $4.20, $3.20 and $2.80. The Triple Bend is his first Grade I win and his sixth overall victory from eight starts. Purchased privately by Los Pollos Hermanos and Jay Em Ess Stable following an allowance win two starts back on Feb. 28, Masochistic picked up $180,000 for the win, increasing his earnings to $523,850.“All I can say is ‘Awesome,’” said Baze. “He was unbelievable…Last time when I rode him, he was a little more aggressive, almost too aggressive,” said Baze. “His head has calmed down and he was very classy about everything today…I think he can go a mile, no problem.”Ridden by Joe Talamo, Appealing Tale finished second, 2 ¾ lengths in front of Wild Dude. Off at 12-1, Appealing Tale paid $9.60 and $7.00.Wild Dude was off at 9-1 with Flavien Prat aboard and paid $5.60 to show.Grade I winner Sahara Sky, who was the second choice at 5-2, lagged far back early as is his custom, but could do no better than fifth place while never threatening under Rafael Bejarano.Fractions on the race were 22.85, 45.16 and 1:08.10.last_img read more

Chelsea among clubs said to be chasing German midfielder Kramer

first_imgChelsea are among the clubs chasing Borussia Monchengladbach midfielder Christoph Kramer, according to the Express. The Blues and Tottenham are said to have joined Liverpool and Manchester United in a battle to sign the 23-year-old, who featured for Germany at this year’s World Cup.Chelsea are also said to be keen to sign Barcelona’s former United defender Gerard Pique.The Daily Star have picked up on a report on Spanish website Fichajes which claimed the Blues are considering offering £24m for the 27-year-old when the transfer window reopens in January.Pique has therefore been touted as a possible long-term replacement for Chelsea captain John Terry, while United have been linked with a bid to re-sign him.The Star have also linked Chelsea with Stephan Lichtsteine and say their supposed pursuit of the defender has been boosted because Juventus are lining up a replacement.Meanwhile, QPR’s on-loan right-back Mauricio Isla has dismissed speculation he could return to Juve.The Chile international has had a difficult start for Rangers since arriving on a season-long loan and there were reports in the Italian media that the deal could be cut short.But Isla told the Evening Standard: “That was never going to happen.“People talk but I’ve never spoken about it. I’ve not spoken to a single director at Juventus since I came to England.“It is important for me to stay here a long while because I need to get match fitness back after the cruciate knee ligament injury I had.”Follow West London Sport on TwitterFind us on Facebooklast_img read more

Round-up: Hazard in line for start and Onuoha could miss four months

first_imgEmbed from Getty ImagesEden Hazard is in line for a return to the Chelsea starting line-up for Wednesday’s EFL Cup match against Nottingham Forest. Hazard, who had ankle surgery during the summer, has not started a match for the Blues so far this season.The Belgian’s latest appearance as a substitute came in Sunday’s goalless draw with Arsenal and Chelsea boss Antonio Conte looks likely to include him from the start against Forest.“I think in the last 20 minutes Hazard played very well,” said Conte.“Now on Wednesday he has the possibility to start against Forest and then to complete his recovery. We hope everything is okay after this (Arsenal) game.” Chelsea youngsters’ comebackEmbed from Getty ImagesCallum Hudson-Odoi scored a late equaliser as Chelsea’s Under-23 side came back from two down to draw 2-2 with Manchester United.The young Blues trailed with 18 minutes of the Premier League 2 match at Aldershot remaining.Hudson-Odoi hit the post early on and Chelsea were on top before Tosin Kehinde scored against the run of play eight minutes before half-time.James Wilson headed United further ahead early in the second half but the home side battled on.They had a strong shout for a penalty waved away when Hudson-Odoi seemed to be fouled in the box.And they were eventually rewarded for their persistence when Hudson-Odoi back-heeled the ball towards Issac Christie-Davies, who fired home.The outstanding Hudson-Odoi netted with a cool finish eight minutes from time to earn a draw. Wilkins calls for Costa returnEmbed from Getty ImagesRay Wilkins believes Chelsea should recall Diego Costa and play him as well as Alvaro Morata.Speaking on Sky Sports News, Wilkins insisted the out-of-favour Costa should be in London with the rest of the Blues squad.Wilkins said: “When I look at Diego Costa and I look at Morata I see a better footballer in Morata – better control, better movement and probably quicker.“But when I look at the beast, in Costa, and what he gives you – he upsets people – I’d sooner have Costa than Morata.“Why we haven’t got both, I don’t know. Costa still has, is it one or two years left on his contract? He should be at Stamford Bridge.“We should be using both of them and then we would have a proper strikeforce.“I cannot for the life of me see why Costa is still on the beach in Brazil playing five-a-side with his mates.“He’s still a Chelsea footballer and he should be back here in London.” Onuoha out for up to four monthsEmbed from Getty ImagesQPR captain Nedum Onuoha might be out for four months with a torn hamstring. Boss Ian Holloway said after Saturday’s 3-2 defeat at Middlesbrough that Onuoha, 30, was facing three months on the sidelines.But Rangers believe the defender could be out for slightly longer, perhaps not returning until the new year, depending on how quickly the injury heals. Onuoha, who requires an operation, suffered the injury during last week’s draw at home to Millwall.It leaves the R’s with serious problems in defence because James Perch is out with a long-term knee injury and Grant Hall and Steven Caulker are also unavailable.However, Joel Lynch is seemingly close to a return following a hamstring problem. QPR youngsters loseQPR’s development side lost 4-1 at Sheffield Wednesday on Monday afternoon.It ended the Under-23s’ 100% record this season – they had won all five of their previous matches, scoring 17 goals in the process.The visitors trailed 2-0 at the interval and Dan Darbyshire pulled a goal back early in the second half before Wednesday scored two more. Mepham’s new dealBrentford boss Dean Smith says Wales Under-21 international defender Chris Mepham can challenge for a regular first-team spot after signing a new five-year contract at Griffin Park.“Chris has shown a real progression during the last 12 months and is developing into a player that we believe can get to a high standard,” Smith said.“With a fierce determination and excellent attitude to go with his footballing ability, we are pleased that he has chosen to continue his development with Brentford. I fully expect him to be pushing the senior centre-backs within the first team.” No Edwards for Spurs tieEmbed from Getty ImagesTottenham boss Mauricio Pochettino says Marcus Edwards will not be involved in the EFL Cup game against Barnsley.The highly-rated Edwards, 18, made his senior debut in the competition a year ago and has not made a first-team appearance since.Youngster Tashan Oakley-Boothe could feature at Wembley after being named in the squad for Tuesday’s tie.But Pochettino says Edwards is building his fitness and confidence following an ankle injury and is not in contention to play against the Tykes.“Last season was difficult for him. He was injured and then he had an operation,” Pochettino said.“He dropped a little bit, but that is normal after nearly one season that he didn’t play. Now he is building his confidence again.“I think we need to wait a little bit for him to build his physical condition and his confidence more. He’s better playing in the Under-23s. Holden confident he can progressMiddlesex teenager Max Holden says the club’s track record of promoting youth convinced him he would be handed a chance in the first team.The 19-year-old batsman made his senior debut for the club in their severely rain-affected County Championship Division One draw against Hampshire at Uxbridge.“I’ve played with those guys in the second XI, so of course it was pleasing to see them progress and it gave me confidence that if I kept working hard, the opportunity would come,” said Holden.“It shows the path is definitely there for guys who work hard and score runs in the seconds. [Managing director of cricket] Gus Fraser has said that previously – if young guys perform, they will be backed. Follow West London Sport on TwitterFind us on Facebooklast_img read more

NBA: Damian Lillard would rather not win a title than move to star-studded team

first_imgIn an appearance on Complex’s “Everyday Struggle” show, the two-time NBA All-Star revealed that he’d rather “not win a championship” than join the other superstar-caliber players from other teams.Lillard first pointed out his former teammate LaMarcus Aldridge, who decided to jump ship and join the perennial contenders San Antonio Spurs in 2015, in an attempt to win a ring.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“I mean, like I said about [LaMarcus Aldridge], I wouldn’t have done it. For me, I’m not joining nobody,” he said.When asked if he would entertain the idea of playing with LeBron James, the 2013 NBA Rookie of the year kept his stance. NCAA: Arellano stays in Final 4 hunt, downs EAC “Like I said, I’m not joining nobody. I would not win a Championship before I go and team up and do all that,” he said. “Unless it was like something that I couldn’t control. But I wouldn’tve did that.”With his prime years still ahead of him, Lillard was asked if he’d change his stance once he gets up in age.Still, the Weber State product held his ground and made it known he won’t join any “super team” anytime soon.“I’m saying this because this is how I feel, not how I feel at the moment. That’s just how I feel about it,” he explained.“I think if that’s what somebody wants to do, I’m not mad at them for doing it. I’m just telling you what I’m not going to do. That ain’t how we get down”  Khristian Ibarrola /raADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Brace for potentially devastating typhoon approaching PH – NDRRMC E.T. returns to earth, reunites with grown-up Elliott in new ad  View comments MOST READ LATEST STORIES Nonong Araneta re-elected as PFF presidentcenter_img LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Huge Toronto crowd celebrates Raptors’ historic win PLAY LIST 01:08Huge Toronto crowd celebrates Raptors’ historic win00:50Trending Articles02:25Raptors or Warriors? PBA players take their pick of NBA champ01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Fire hits houses in Mandaluyong City Kammuri turning to super typhoon less likely but possible — Pagasa Frontrow holds fun run to raise funds for young cancer patients  Portland Trail Blazers guard Damian Lillard acknowledges the crowd during the second half of the team’s NBA basketball game against the Utah Jazz in Portland, Oregon, Saturday, April 8, 2017. Lillard scored a franchise-record 59 points as the Blazers won 101-86.  We in(AP Photo/Steve Dykes)The trend of creating “super teams” or NBA superstars forming an alliance remains to be the fastest way to a championship in today’s game.But as far as Portland Trail Blazers point guard Damian Lillard is concerned, he won’t go to such lengths in pursuit of the Larry O’Brien trophy.ADVERTISEMENT Don’t miss out on the latest news and information. Read Nextlast_img read more