Daily Archive: August 8, 2020

Day says disciplined routine has helped him keep back issues at bay By Reuters

© Reuters. PGA: PGA Championship – Second Round

(Reuters) – Former world number one Jason Day said his chronic back problems left him struggling to walk around a golf course when the sport returned in mid-June after the COVID-19 break, but he is now in a better place physically.

The 32-year-old Australian carded a second-round 69 at the PGA Championship on Friday for a share of second place to stay in contention for only the second major of his career.

“Physically, I feel great. I’m always trying to stay disciplined with my exercises and soft tissue work… overall, I feel good,” overnight co-leader Day told reporters.

“When I first came out (after the COVID-19 shutdown), I struggled to walk around a golf course and play. You know, it hurt to walk. But now I feel great and I feel fine.”

Day, who won the 2015 PGA Championship, arrived at TPC

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Greenback blues: Are the doomsayers finally right about the demise of the U.S. dollar?

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“Our role as a global leader is tarnished to say the least,” Roach said. 

The dollar has historically been strong when it has found itself on either end of a framework called the dollar smile, Scotiabank chief currency strategist Shaun Osborne said. On one end of the smile — picture a wide “U” shape — the greenback strengthens due to investors becoming risk averse. At the other peak, itralliesbecause the U.S. economy is growing and demonstrates a yield advantage. 

Currently, neither one of these conditions is in place, he said. As foreign economies continue their recoveries, investors are once again willing to take on more risk and redirect some of their portfolios towards emerging markets. The Euro and Yen have appreciated substantially as a result.The U.S.economy, thanks to a poor response on COVID-19, is also lagging. 

In a note published last week, a

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Trump to sign an executive order to extend enhanced unemployments benefits as stimulus talks fall apart

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President Donald Trump announced Friday evening plans to sign an executive order to extend enhanced unemployments benefits—which expired the week of July 25—through the end of the year. Trump said he could sign it by the end of the week.

The president also said he’ll sign orders to extend the deferment for student loans and forgive student loan interest, extend eviction moratoriums, and defer some payroll taxes until the end of year.

This announcement came after negotiations on a broad stimulus bill between Democratic and Republican leaders broke down on Friday. That bill would have included a second round of stimulus checks, enhanced unemployment benefits, and a number of other measures to help Americans cope with the pandemic.

The enhanced unemployment benefits passed in the … Read More