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Federal Reserve 'close to meeting targets' for US economy

BBC Business News - Sun, 08/21/2016 - 20:11
The Federal Reserve is close to hitting its targets for US jobs and inflation, says vice chairman Stanley Fischer, in comments likely to fuel the interest rate debate.
Categories: General

What role is Ailes playing in Trump's campaign?

CNN Business - Sun, 08/21/2016 - 18:15
Roger Ailes is giving advice to Donald Trump directly, but not to Trump's campaign, so campaign manager Kellyanne Conway is threading a needle saying Ailes has no role with the campaign.
Categories: General

What can businesses learn from Olympic coaches?

Business Matters - Sun, 08/21/2016 - 12:56

There is an old African proverb which suggests that it takes a village to raise a child but the same is true of an athlete. Behind each of them is a support team, headed up by a coach.

The role of a coach is fascinating, complex and tough. Fantasy football leagues may convince us that it’s simply about buying players, and selecting a team. In reality, regardless of the sport, it is about creating winning environments, recruiting, developing and nurturing talent, effectively communicating a shared vision, delivering on enormous expectations, overcoming significant challenges, handling pressure and staying focused throughout.

When Sebastian Coe had set three world records – consecutively 800 metres, one mile, 1500 metres – in the space of 41 days in 1979, what intrigued the public about this 23-year-old was the seemingly experienced head upon his young shoulders and the cadence of his limbs which imparted an aesthetic quality, provoking the New Statesman magazine to compare him to Rudolph Nureyev, the celebrated ballet dancer.

More than 20 million Britons tuned in to watch him attempt to add the 1980 Olympic gold medal to his haul. “The Moscow 800 metres final had been mine to lose,” said Coe, “and I lost it.” The balletic cadence, for which his father and coach Peter had been striving throughout the previous 12 years and thousands of hours of coaching, disappeared. He trailed in a distant second behind his great rival, fellow Briton Steve Ovett.

According to the younger Coe: “My father said. ‘You’re the fastest man on earth at eight hundred metres, and at the biggest moment of your career you run three seconds slower than if you were running back home in Sheffield. There is only one thing to do now,’ he reasoned. ‘You’ll have to win the bloody fifteen hundred metres title instead.’”

As the watching world dismissed Seb as a failure unable to win the biggest race of his life, his father would quietly, shrewdly advise his son just how to storm to victory in the 1500, universally regarded as a dead cert for Ovett, unbeaten in nearly 50 races over that distance.

As I have pored over the thousands of notes and observations from the great coaches I have seen and studied – including Peter Coe – I have recognised, over and over, the same principles at work. They all deliver their message using five STEPS:

Simplicity of ideas, Thinking skills, Emotional Intelligence, Practical language, Story telling abilty.

“You have to maintain contact with the athletes at the front,” Peter Coe told his son, before employing an Anglo Saxon twist. “And I don’t care if Steve Ovett runs off to the toilet, you are in there with him before you’ve even realised you’ve left the track. You sit so tight into that action you can smell his armpits.”

True to his father’s judgment, Sebastian Coe stayed on the shoulder of the leading athletes until he reached the final bend, where he kicked and swiftly overtook them to come home four yards clear.

So, if you’ve been in awe of the successes of Jessica Ennis-Hill, Usain Bolt or Mo Farah over the past few days, take a moment to think about the role of their coach, watching in the shadows, who has helped them achieve their dreams.

Categories: Business

Chinese firm 'eyes Liverpool FC stake'

BBC Business News - Sun, 08/21/2016 - 12:49
A consortium led by Chinese investment firm Everbright is interested in buying a stake in Liverpool Football Club, according to media reports.
Categories: General

Reserve Bank of India: Inflation hawk Urjit Patel to take top job

BBC Business News - Sun, 08/21/2016 - 09:37
Urjit Patel, a former Yale University economist with a reputation as a hawk on inflation, is appointed governor of India's central bank.
Categories: General

Viacom boss Philippe Dauman resigns following $72m settlement

BBC Business News - Sun, 08/21/2016 - 07:28
Viacom's chief executive resigns after a fraught battle for control of the US media giant, with a $72m (£55m) payoff as part of a settlement with the company.
Categories: General

My Shop: Brazilian store in London enjoys Olympic boost

BBC Business News - Sun, 08/21/2016 - 06:15
The My Shop series visits Casa Brasil in central London, which is enjoying a surge of customers thanks to the Rio Olympics.
Categories: General

Brexit: IDS urges EU exit talks 'as soon as possible'

BBC Business News - Sun, 08/21/2016 - 05:00
Prime Minister Theresa May should begin formal talks for the UK to leave the EU "as soon as possible", Brexit campaigner Iain Duncan Smith says.
Categories: General

How the world's fastest man built an empire

CNN Business - Sun, 08/21/2016 - 01:04
Usain Bolt is a world-class athlete with major endorsement deals. A look at Bolt, the businessman.
Categories: General

Ryan Lochte's apology tour

CNN Business - Sun, 08/21/2016 - 00:35
It is rare to have a celebrity like Ryan Lochte give back to back interviews intended for two different audiences. The unusual PR strategy makes sense because Lochte has a lot of explaining to do in both Brazil and the United States.
Categories: General

Jaguar and Shelby Cobra set world records at auction

CNN Business - Sat, 08/20/2016 - 20:32
Two British- and American-made cars set world records at auction on Friday.
Categories: General

Meet India's new central banker

CNN Business - Sat, 08/20/2016 - 20:29
The Reserve Bank of India has named a new central banker -- Dr. Urjit Patel.
Categories: General

Successful Folding Shoes/ Shoe Brands Business For Sale

Manufacturing Business For Sale (Info) - Sat, 08/20/2016 - 19:19
Roll. Fold. Squish. Squash. these are the ultimate solution to jaded and sore feet. Selling successfully in the UK and Europe since 2010 these little shoes are now one of the most popular brands of fo

Profitable And Established Handmade Childrens Clothing Business For Sale

Manufacturing Business For Sale (Info) - Sat, 08/20/2016 - 19:05
Successful eCommerce handmade children's clothes business with 40,000 Facebook followers and high traffic website for sale. Fantastic opportunity for growth. Low selling price due to quick sale need

Campsite, Live/ Work Barn And Pub For Sale

Pubs For Sale (Info for customers) - Sat, 08/20/2016 - 18:50
Wonderful lifestyle opportunity in glorious Wiltshire countryside. Established and popular caravan and campsite, licensed for ten caravans (could increase to twenty) and approx 50 tents, all year roun

Night Tube begins in London, bringing 'huge boost' to capital

BBC Business News - Sat, 08/20/2016 - 12:06
The first Night Tubes roll on to London Underground platforms - almost three years since the plan was first announced.
Categories: General

What does Lochte scandal mean for swimming?

CNN Business - Fri, 08/19/2016 - 22:31
Read full story for latest details.
Categories: General

What's next for Gawker writers?

CNN Business - Fri, 08/19/2016 - 21:40
If there is a silver lining for writers and editors at Gawker Media's flagship site, which will cease operations next week, it's that, for now, they still have jobs.
Categories: General

The working renters whose homes are 'at risk'

BBC Business News - Fri, 08/19/2016 - 21:32
More than five million renters are at risk of losing their home, should they become unemployed, claims an insurance industry report.
Categories: General

Sunshine or rain: What's the state of the UK economy?

BBC Business News - Fri, 08/19/2016 - 21:20
What is the state of the UK economy in the wake of the country's vote to leave the EU? And what have we learnt from the past week's clutch of numbers?
Categories: General