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Time to tweak the TMO at this Rugby World Cup?

first_img By Mark CoughlanSo the World Cup has started, and it was an alarming opening weekend for South Africa, and a great one for England. For Wales, meanwhile, the jury remains out, especially on that forward pass.We’re talking, of course, about the officials – and in particular, the use of the TMO. The South African combination of referee Jaco Peyper and TMO Shaun Veldsman at Friday night’s opening encounter combined to rule on six different on-field decision. Six! The first half alone took 50 minutes, for pity’s sake. The toilets at Twickenham will rarely have felt such a brutal rush once the half-time whistle went (without any need for video clarification, thankfully).Waiting game: Referee Jaco Peyper spent a lot of time waiting for the TMO’s decisionOkay, we want the right judgments, but it’s the speed of the calls that can puncture an atmosphere in no time. Well, in a lot of time, but you get the point. And don’t even get me started on calls being reversed because of a TV director happening to show a certain angle before a conversion is taken.On Sunday, Wayne Barnes gave a textbook lesson in how to use the TMO, and it is something World Rugby need to show to other officials. He spoke to his man upstairs while the game was still flowing, and only stopped the game once, to check that Richie McCaw’s boot had strayed. “Can you check that pass/tackle?” became a popular refrain, even while Barnes was still watching the play unfold in front of him. New Zealand might not be a fan, but Barnes was the perfect tonic to some of the TMO tyros around him. Even the crowd showed their appreciation when he sent McCaw to the bin, with a Simpsons-inspired chorus of Boo-arnes greeting the decision.Sensible reffing: Wayne Barnes let the game flow while he checked with his TMO for decisionsWith so much at stake, and such marginal calls making such a major impact, it’s no wonder that the men in the middle rely so much on the video replays afforded them, but for me, something has to change in order to save our game. Rugby fans love to laugh at football’s slow acceptance of video technology, but surely it is time for our own game to look elsewhere for inspiration? Several times over the weekend, there seemed like an interminable wait for a TMO’s decision, that stunted the natural ebb and flow of the game. Wayne Barnes showed the way forward LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Close call: Nikola Matawalu nearly scored one of the tries of the tournament A combination of cricket and NFL could help the game move forward without avoiding the obvious need to use this technology. Cricket allows the captain to make up to two unsuccessful reviews per innings, and is surely something rugby can look at. Imagine the ball goes dead, then Jonny May trots over to Chris Robshaw and tells him he was upended in a tackle. Refer, check upstairs, correct decision and England don’t lose an appeal. Even better, the atmosphere isn’t affected because instead of the referee’s call, it is almost Robshaw’s decision to make the call. If May feels it was marginal, we move on just in case it means a lost appeal. With citing commissioners floating around, foul play will be punished in the end anyway.Juggling: Noa Nakaitaci loses control of the ball leading to a long TMO delayTaking things one step further, what about the NFL perogative that the officials have 60 seconds to rule on a coach’s challenge? Once the referee thinks a try has been scored (and neither captain is going to appeal), there could be a limit on their own referral time. “I think it was held up – you have 60 seconds to prove me wrong, or else I’m giving a scrum”.Whatever the right route to take, one thing is certain – the situation we saw with the Nikola Matawalu and Noa Nakaitaci efforts make a shambles of our sport. Owen Farrell said over the weekend that he would drop kick a conversion as quickly as possible if it meant the referee could no longer change his mind.When our game has come to that stage, something has gone seriously wrong. Or has it? Let me just check the big screens…last_img read more

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First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Both JPMorgan Chase and Wells Fargo reported solid revenues for the first quarter of 2015 compared to the same period last year, according to statements released from the banks on Tuesday.New York-based Chase reported a net revenue of $24.8 billion for the first quarter, an increase of $967 million from Q1 2014, driven by strong performance in the corporate and investment bank, both in markets and investment banking. Also, lower gains in private equity partially offset the increase in fee revenue in asset management and mortgage banking Chase received in Q1. Chase’s net interest income for Q1 was $11 billion, which was relatively unchanged from Q1 2014.Net income was up 12 percent year-over-year for Chase in Q1, driven predominantly by higher revenue, according to the bank. Net income increased by $645 million up to $5.9 billion. Chase’s earnings per share rate was $1.45 for the first quarter.“JPMorgan Chase continues to support consumers, businesses and communities and make a significant positive impact,” Chase CEO Jamie Dimon said. “We have an outstanding franchise which is getting safer and stronger, and is gaining market share over time. We continue to build the company for the long-term, we are investing in controls, infrastructure, systems, technology, new products and bankers. We will continue to navigate challenges and deliver for our clients, shareholders and communities.”San Francisco-based Wells Fargo saw revenues jump by 3 percent in Q1 up to $21.3 billion, while net income declined slightly year-over-year – from $5.9 billion down to $5.8 billion. According to the bank, higher noninterest income was more than offset by the decline in net interest income, which was primarily a result of two fewer days in the quarter.Wells Fargo’s noninterest income for Q1, $10.3 billion, was an increase of $29 million from the previous quarter. The bank received higher income from trading activities, debt security gains, mortgage origination gains, and insurance, which were offset by lower other income, such as from mortgage servicing (which was $108 million for Q1, compared to $235 million for the previous quarter). The mortgage banking noninterest income for Wells Fargo was $1.5 billion in Q1, which was an increase of $32 million from Q4; residential mortgage originations were $49 billion in Q1, an increase of $5 billion from Q4. The diluted earnings per share rate for Wells in Q1 was $1.04.”Our solid first quarter results again reflected the benefit of our diversified business model and the continued focus of our 266,000 team members on serving the needs of consumer and business customers,” Wells Fargo Chairman and CEO John Stumpf said. “We continued to strengthen our customer relationships in the quarter, as reflected in strong growth in deposits and primary checking customers. In addition, our mortgage business was able to serve more customers by refinancing their mortgage loans with lower rates.” About Author: Brian Honea Banks Earnings Statements JPMorgan Chase Wells Fargo 2015-04-14 Brian Honea First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Previous: DS News Webcast: Wednesday 04/15/2015 Next: Bill Calling for CFPB Transparency Passes in House by 401 to 2 Vote Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Banks Earnings Statements JPMorgan Chase Wells Fargo Related Articlescenter_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 14, 2015 820 Views Home / Daily Dose / First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more