U-shape economic recovery to take place until Q1 of 2021: Batavia

first_imgBPAM forecast the country’s GDP growth to range from 0.5 percent to a 0.5 percent contraction, compared with the government’s projection of 2.3 percent growth this year, or a 0.4 percent contraction under a worst-case scenario.“When this whole COVID-19 is resolved, we expect to see a U-shaped recovery in the domestic economy,” Lilis noted, adding: “We are not going to see a sharp recovery like a V-shape.”The Indonesian government has unveiled a Rp 677.2 trillion (US$47.89 billion) economic stimulus package to cushion the COVID-19 blow. The stimulus will widen the budget deficit to 6.34 percent while, historically, Indonesia has maintained a deficit cap of 3 percent. “Many are asking whether this would be sufficient. A more important question is not whether or not it is going to be enough, but whether this amount of stimulus can be effectively deployed and the deployment can happen in a fast manner,” she said. Aside from broadening the budget to fight the pandemic, Bank Indonesia cut its benchmark interest rate by 50 bps so far this year to 4.5 percent in an effort to further stabilize the economy. The market is under the consensus that there is still room for further cuts.“Looking at how the rupiah is doing, we believe that the central bank will have room to cut more, probably twice this year, each at 25 basis points,” Lilis noted.In a recent announcement, Finance Minister Sri Mulyani Indrawati said the economy was projected to shrink 3.1 percent in the second quarter this year, after only growing 2.97 percent in the first quarter, the slowest pace in 19 years.Based on BPAM’s forecast, this year’s third quarter GDP will experience a slight negative percentage, considering the low levels of activities following the easing of restrictions in the country.In the fourth quarter, the firm is expecting to see a positive percentage as economic activities normalize to 70 to 80 percent of pre-COVID-19 levels.Topics : Major Indonesian fund manager Batavia Prosperindo Aset Manajemen (BPAM) has projected a U-shape economic recovery will take place over the course of a year as it expects Bank Indonesia to continue easing its measures amid volatility that is likely to continue in the financial market.Lilis Setiadi, president director of BPAM, which manages almost Rp 45 trillion (US$3.18 billion) worth of funds, said the discovery of a vaccine would be the prerequisite for recovery to reach pre-pandemic levels, despite the reopening of economies worldwide.“What we’re seeing, in terms of forecast, global recovery to a pre-COVID-19 level will take place in the first quarter of 2021. This is assuming that we are not seeing a second wave in the majority of countries that have been impacted by COVID-19,” Lilis said during The Jakarta Post’s Jakpost Up Close webinar series “Investing in stocks: Best strategies in volatile times”.last_img read more

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Group files lawsuit demanding KPU, Bawaslu postpone Medan elections

first_img“The number of new COVID-19 cases in Medan is increasing every day, the city had been declared as a level 3 red zone,” Tumpal told The Jakarta Post on Wednesday.”If [the government] insists on carrying out the regional elections on Dec. 9 as planned, it’s almost certain the elections will become a horror scene,” he added.Tumpal explained that, based on World Health Organization guidelines, the government needed to meet six criteria before conducting elections amid the COVID-19 pandemic.”[According to the WHO,] the government needs to prove that the outbreak is already under control and that the transmission risks have been lowered. The Medan administration has not met these criteria,” he said. The North Sumatra National Movement to Safeguard the Ulema Fatwa (GNPF) has filed a lawsuit against the General Elections Commission (KPU) and the Elections Supervisory Agency (Bawaslu) demanding the two state bodies postpone the upcoming regional elections in Medan.The class action lawsuit was filed by 10 members of the GNPF at the Medan District Court on Wednesday.The head of the GNPF’s regional elections working group in North Sumatra, Tumpal Panggabean, said Medan had seen a rising trend in new COVID-19 cases in the last three months, which made regional elections unfeasible. Tumpal argued that conducting elections amid the rising number of COVID-19 cases was an act against the law.”What’s the use of regional elections if it inflicts casualties? Don’t make the elections a killing machine for Medan residents,” he said.According to Tumpal, Medan mayoral candidates took a large entourage with them upon registering for the elections at the Medan KPU office.”Who can guarantee that there is no COVID-19 transmission [at the event]. That is our main concern at the moment,” he said.The head of the Medan General Elections Commission (KPUD), Agussyah Damanik, said he would soon coordinate with the North Sumatra KPUD and the National Elections Commission regarding the lawsuit.”We don’t have the authority to postpone the elections, we’re only carrying out the law and KPU regulations on simultaneous regional elections. Only the National Elections Commission has the authority to put off the elections,” he said. (nal) Topics :last_img read more

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Woman arrested for ‘grave oral defamation’

first_imgThe court recommended a P6,000 bailbond for the suspect’s temporary liberty./PN Officers of the municipal policestation served the warrant issued by Judge Blas Nolasco Jr. of the MunicipalCircuit Trial Court dated Nov. 7. The 52-year-old Ma. Theresa Calise wascaught on the strength of an arrest warrant on Nov. 13, a police report showed. Calise was detained in the lockupfacility of the Murcia police station.  Bacolod City – Charged with grave oral defamation, a woman was nabbed inher residence in Barangay Zone III, Murcia, Negros Occidental.last_img read more

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First suspected nCoV case in Antique negative – IPHO

first_img Antique IPHO chief Dr. Ric Noel Naciongayocited the laboratory results of the patient under investigation (PUI) sent tothe Research Institute for Tropical Medicine (RITM) in Muntinlupa City. According to Naciongayo, the PUI was a29-year-old seaman who manifested flu-like symptoms after he travelled toChina. “Today, Monday, we received again theresult of the second sample from the RITM and it was negative from nCoV ARD,”he said on Feb.10. “We are still waiting for the result of his laboratory test from the RITM,” he added. Antique Integrated Provincial Health Office chief Dr. Ric Noel Naciongayo announces that the first patient under observation of the possible novel coronavirus in this province has been tested negative. However, he added that they are also waiting for the results of the second patient who is still under a 14-day quarantine period. PNA The first nasopharyngeal and oropharyngealswabs taken from the patient were sent to the RITM last Feb. 4, while thesecond ones were delivered two days later. “The second PUI arrived in Antique last Feb. 6 and sought consultation the following day because of flu-like symptoms,” he said. Meanwhile, Naciongayo added that the second PUI – another seaman who had a layover in Hong Kong before going home to Antique – is still under a 14-day quarantine observation in a hospital in this province. SAN JOSE, Antique – The first personunder investigation for a possible 2019 novel coronavirus acute respiratorydisease (2019-nCoV ARD) in Antique has been tested negative, the IntegratedProvincial Health Office (IPHO) said. Swabs taken from the 25-year-old patient from Tobias Fornier were also sent by the IPHO to the RITM last Feb. 7. “The BERT should closely monitor tourist visitors or newly arrived residents of their barangay,” he said, adding that this is necessary in order to keep Antique nCoV free. (With a report from PNA/PN) “The doctor managing the first PUI willhave no more reason to have him under hospital confinement so he will bedischarged,” he said. Naciongayo is also requesting the Barangay Emergency Response Teams (BERT) composed of the Barangay Health Workers and Barangay Nutrition Scholars to closely observe the people in their respective areas.last_img read more

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England winger Karen Carney to swap Birmingham for Chelsea Ladies

first_imgEngland winger Karen Carney has agreed a deal to join FA Women’s Super League title-holders Chelsea Ladies when her Birmingham City Ladies contract expires at the end of this month. The 28-year-old, who is one of only four players to have been capped over 100 times by England, was offered a new deal by Blues but was looking for a fresh challenge and will now sign a two-year deal at Stamford Bridge. A Birmingham statement said: “Although disappointed that we are losing our captain and such a great servant and ambassador, the club would like to offer our best wishes to Karen in her new venture.” Carney told Chelsea’s official website: “I am thrilled to have signed for Chelsea Ladies. The team won the double last season to establish themselves as the top club in the country and I am excited about the prospect of helping to build on that. “It is the right point in my career to begin a new challenge and having spoken to (Chelsea manager) Emma (Hayes) we share the same ambitions and I firmly believe this is the place to achieve those goals.” Carney started her career at Birmingham but moved to Arsenal in July 2006. She joined Chicago Red Stars, formerly of the WPS, in 2009 before returning to Birmingham ahead of the 2011 season. center_img Press Associationlast_img read more

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Update on the latest sports

first_imgHamilton saddened and hurt by Ecclestone’s racism commentsPARIS (AP) — Formula One champion Lewis Hamilton has criticized “ignorant and uneducated” comments by former F1 boss Bernie Ecclestone.Hamilton, a six-time world champion and the only Black driver in F1, was shocked by Ecclestone’s claim during an interview with broadcaster CNN on Friday that “in lots of cases, Black people are more racist” than white people.On Instagram, Hamilton called the comments “sad and disappointing” and said they “show us how far we as a society need to go before real equality can happen.”Ecclestone made his assertion when he was asked his opinion on Hamilton setting up a commission to increase diversity in motorsport. Update on the latest sports Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSJason Day asks to be testedUNDATED (AP) — Jason Day has asked to be tested for COVID-19 just before the third round of the Travelers Championship in Connecticut. Officials have decided to have him play as a single Saturday as a precautionary measure. MLB-DODGERS-TOLES ARRESTEDDodgers’ Andrew Toles jailed in Florida on trespass chargeKEY WEST, Fla. (AP) — Los Angeles Dodgers outfielder Andrew Toles was in jail Saturday, charged with trespassing.The 28-year-old player was detained this week at the airport in Key West, Florida, by a Monroe County sheriff deputy. The Miami Herald reported he was found sleeping behind a Federal Express building at the airport and refused to move.Jail records show Toles appeared to be homeless when arrested Monday on the misdemeanor charge. His bond was set at $500 but he remained jailed and is scheduled for arraignment Thursday. Two more players withdrew Friday because of the coronavirus, Denny McCarthy for a positive test, and Bud Cauley, who tested negative but decided to pull out after playing alongside McCarthy on Thursday. In all there have been seven COVID-19-related withdrawals from the tournament. In other developments related to the COVID-19 pandemic:— Cleveland Indians president Chris Antonetti said a “couple” of staff members have chosen not to take part in the resumption of training camp due to COVID-19 concerns. Speaking on a Zoom call Friday, Antonetti did not identify the staffers who have opted out or specify their roles in the organization. He added that he’s unaware of any players declining to participate because of health reasons. Antonetti said the club has spoken to “every high-risk individual” about the risks of returning. The Indians are scheduled to reopen camp on July 1 in Cleveland.— Morehouse College has canceled its football and cross-country seasons because of the coronavirus pandemic. President David A. Thomas said scholarships would be honored. The Historically Black College in Atlanta competes at the NCAA Division II in the Southern Intercollegiate Athletic Conference. In a statement on the school’s website, Thomas wrote about the difficulty in safely travelling and hosting games and events while maintaining social distancing. — French soccer club Paris Saint-Germain says three players from its women’s teams have tested positive for the coronavirus. PSG said in a statement Saturday that one player from the main women’s team and two players from the under-19 side returned positive results. The women’s senior team is set to resume training on Monday. Earlier this week, PSG said three players from the men’s side and one member of staff were infected by the virus during the lockdown when they were not in contact with each other. PSG said they are no longer contagious and can train as normal.NASCAR-TRIPLEHEADERNASCAR set for Truck, Xfinity, Cup tripleheader SundayLONG POND, Pa. (AP) — NASCAR is set for a tripleheader of racing at Pocono Raceway from three national series on Sunday.Rain has washed out the Truck Series race on Saturday in what was already a packed schedule. Pocono is the site of a Cup Series twin bill, with one race on Saturday and one on Sunday. The Truck Series was scheduled for Saturday and the second-tier Xfinity Series was scheduled for Sunday. The rainout forced the Truck Series to run at 9:30 a.m. Sunday, followed by 225 miles of Xfinity racing and a 350-mile Cup race.NASCAR says it’s the first time three NASCAR National Series races will be raced on the same day at the same track. It will be the fifth time three NASCAR National Series races will be run on the same day but those were at different tracks. The Cup Series race scheduled for Saturday is still on with a green flag start time of 3:54 p.m. Eastern.Sunday’s Cup race comes with a twist. The field will be set by inverting the lead-lap finishers from race No. 1.NHL-DRAFT LOTTERY June 27, 2020 Play-in round team wins draft lottery, shot at LafreniereUNDATED (AP) — Presumptive top selection Alexis Lafreniere will have to wait a little bit longer to find out his NHL destination. Chaos reigned at the NHL draft lottery, with the No. 1 pick still up for grabs in a second lottery drawing. The eight teams that lose in the qualifying round of the playoffs have an equal chance of drafting first. The Kings got the second pick, the Senators the third thanks to 2018 trade with San Jose and the league-worst Red Wings dropped to fourth. Ottawa has the third and fifth picks and is the first team since 2000 with two selections in the top five.As part of the NHL’s 24-team playoff format if it resumes, 16 teams will play each other in best-of-five series to move on — and the losers of those matchups now have a major consolation prize looming: equal 12.5% odds of landing Lafreniere.F1-HAMILTON-ECCLESTONE Toles rose from the low minors to the majors in just months and became a postseason star for the Dodgers in 2016. He was the starting left fielder in the second half of 2016 and early in 2017. In May of that year, he tore a knee ligament and spent most of 2018 at Triple-A Oklahoma City. The team said Toles never reported to spring training camp in 2019 because of a personal matter. He did not play that year.Toles struggled with anxiety issues even before the Dodgers signed him to a minor league contract. He was Tampa Bay’s minor league player of the year in 2013 but was released in 2015. He was working the early-morning shift in the frozen-food section of a grocery store before the Dodgers recruited him.last_img read more

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Competition focuses on natural disaster recovery

first_imgPhoto courtesy of USC NewsIn response to the destruction caused by hurricanes Harvey, Irma, Jose and Maria, as well as the earthquakes that struck Mexico during the past few months, the USC Viterbi Office of Technology Innovation and Entrepreneurship’s annual Min Family Engineering Social Entrepreneurship Challenge will focus on creating prototypes that target natural disaster relief for 2018. Established by alumnus Bryan Min and his wife Julie, the Min Family Challenge finds engineering solutions for societal problems through a student competition. Since late 2015, the competition has addressed issues related to poverty, the environment or health care — by bringing in students who serve as social engineers to develop technological solutions. “Our students are an incredible resource and possess an enormous amount of energy and talent,” Vice Dean of Technology, Innovation and Entrepreneurship Andrea Belz said in a press release. “This year’s challenge will apply their intellect and skill towards helping people who have immediate needs. This challenge will provide an unforgettable learning experience in conceiving of real-world solutions to improve lives of others.”The challenge will kick off in November 2017, and teams of student engineers will have the opportunity to travel to Houston — which was recently impacted by Hurricane Harvey — for field research starting in the first week of January.  After identifying a specific problem in the community resulting from the summer storms, the participants will work on designing the solution. Additionally, the students will attend six 90-minute workshops hosted by USC Viterbi’s Technology Innovation and Entrepreneurship Office and USC Brittingham Social Enterprise Lab. These workshops will go over a range of topics, covering the basics of social entrepreneurship and customer discovery. Over the following months, the teams will generate prototypes and business models for these solutions, and on March 28, the finalists will be featured in a showcase, where the winner of the challenge will be presented.Projects in the past have included OptDx, a software that helps prevent blindness in premature babies through an automatic screening process, and 2016 winner FlexSpecs, which generated cost-friendly glasses with lenses that changed their shape and power with a touch of a dial. Though the challenge has normally focused on serving those in need across the globe, the upcoming year’s theme will center on enhancing relief and recovery efforts in communities that were left devastated from recent natural disasters. “This is the first year the challenge is focused on natural disaster relief,” said Alice Liu, Technology Innovation and Entrepreneurship Office assistant director. “And not just immediate relief, but the process of relief, recovery and rebuilding for the overall communities and the victims of these communities.”Liu served as the game architect behind the challenge. By detailing more specific rules to the challenge that were tailored to the type of innovation the creators want to see, Liu was able to shape the theme of the 2018 challenge and set the guidelines for the participants when it comes to their prototypes.last_img read more

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Trojans fall to the Cougars in 30-27 upset

first_imgRyan Pugh | Daily EvergreenNo. 5 USC entered Friday night’s contest against No. 16 Washington State in Pullman, Wash., with a perfect record, national championship aspirations and a chance at proving it was the undeniable king of the Pac-12.It left with its first loss, its odds at the College Football Playoff shrunken considerably and its reign on the conference in question.In front of a raucous crowd of over 33,000 at Martin Stadium that poured onto the field after the final whistle, the Trojans struggled to find their game. Redshirt sophomore quarterback Sam Darnold, with a ravaged offensive line protecting him, was not his usual self, and a late fourth-quarter flash was not enough.In fact, it was a mistake by Darnold, with USC down a field goal in the final minutes that ended the game. He made a weak attempt to toss the football ahead to avoid a sack, but it wound up a fumble and a recovery by Washington State.On this night, it was Washington State’s time to shine. Tickets, even standing room only, were sold out for this game. Before kickoff, the public address announcer hyped up the crowd by boasting the game was being broadcast on national television.And on the big stage, it was Pullman’s Cougars who bested Los Angeles’ Trojans, 30-27. It snapped USC’s 13-game win streak dating back to last season, its first loss in more than a calendar year.“We’ve got a bunch of hurt kids in that locker room right now,” head coach Clay Helton said. “It’s been awhile since we’ve felt this, and it hurts.”Redshirt senior safety Chris Hawkins even became emotional.“I cried, honestly, in the locker room,” he said. “It hurt.”With time winding down in the fourth, the Cougars marched downfield thanks to a 35-yard run by running back Jamal Morrow. A 32-yard field goal by Erik Powell served as the eventual game-winner.It came after Darnold, who had been struggling all night long, found a connection with redshirt freshman wide receiver Tyler Vaughns to tie the game. On 4th-and-13 at the 42-yard line, Darnold found the receiver in traffic for the conversion. And on the next play, he hit Vaughns again to set up first-and-goal. He finally punched in a two-yard touchdown run to even the score with five minutes left in regulation.But he didn’t have enough in the tank for another two-minute drill a la Texas, though everyone, including Darnold himself. expected him to pull another rabbit out of his hat.“I thought it was automatic points,” Hawkins said. “One of the best quarterbacks in the country. Whether it be 3 or 7 [points], I thought we were going to score regardless.”The Cougars pulled ahead in the fourth quarter on a masterful drive by Falk, who converted several third downs and a fourth down and finally found Morrow on a shovel pass for a 23-yard score to put Washington State in front 27-20.Falk finished with 340 yards on 34-of-51 passing, outplaying Darnold, who was 15-of-29 for 164 yards. Washington State finished 8-of-18 on third downs, while USC only converted two of their 11 third-downs attempts.“It ends up costing us a lot of plays defensively,” Helton said.Falk was also effective in making adjustments.“There were times when we would change something and he would change something back,” junior linebacker Cameron Smith said. “Pretty smart guy.”The two teams traded field goals in the third quarter, with neither settling into an offensive flow. There were punts, penalties, reviews and stoppages as the game grinded to a halt and the teams entered the fourth quarter tied 20-20.In contrast, USC’s offense looked sharp to start the game, as Darnold marched the team down on a 10-play, 75-yard drive that ended in a touchdown. It was the Trojans’ most efficient drive of the half, and it ended with a four-yard touchdown run by Darnold after he had scampered for nine yards on the previous play to set up first-and-goal.But then the offense sputtered, and the injuries started piling up. The Trojans already came into the game banged up. USC was without redshirt senior wide receiver Steven Mitchell Jr. (groin) and redshirt junior guard Toa Lobendahn (staph infection) in addition to junior linebacker Porter Gustin (toe/bicep). Then, late in the first quarter, junior offensive tackle Chuma Edoga appeared to hurt his left leg and was replaced by freshman offensive tackle Andrew Vorhees. And senior offensive guard Viane Talamaivao appeared to hurt his shoulder early in the second quarter. USC was down to two healthy starting offensive lineman for the remainder of the game.Injuries, though, serve as nothing but a pity call.“Nobody’s going to have any sympathy for us,” Hawkins said. “We’re injured across the board. Nobody’s going to say anything about that.”Darnold added that it came down to simply performing.“We knew what they were going to do,” he said. “It was just a matter of executing at that point, and they out-executed us.”The offensive line issues didn’t help Darnold, who couldn’t find a rhythm and threw several questionable balls and one interception in the first half. He was bailed out only by an explosive 86-yard touchdown run by junior running back Ronald Jones II that put the Trojans ahead 14-10 in the second quarter. It was the longest touchdown run by a USC running back since 1996.Still, USC looked to have all the momentum when, on Washington State’s ensuing possession, Falk’s pass was tipped and intercepted by senior linebacker Uchenna Nwosu inside the five-yard line. But Darnold and Co. could not capitalize, settling instead for a field goal and a 17-10 advantage.It allowed the Cougars to hang around and tie the game at halftime. Falk had a strong first half, and the USC secondary allowed several big plays. Down 7-3 early in the second quarter, Falk dumped a screen pass off to wide receiver Tavares Martin Jr., who had nothing but clear space ahead of him for a 28-yard touchdown. And right before halftime, Falk led the Cougars on a 12-play, 94-yard drive that started from their own six-yard line and was aided by a few pass interference penalties by the Trojans. Morrow pounded it in from a yard out to tie the game at the half.The Trojans are sure to slip in the rankings, and will have to win out in order to get back into the playoff conversation. But for now, the focus shifts to next week and Oregon State at home“They’re probably not going to be happy to play us after this one,” Hawkins said.last_img read more

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Running game, defense up in this week’s stock watch

first_img Facebook Twitter Google+ Syracuse (4-6, 1-5 Atlantic Coast) snapped its four-game losing streak and won its first ACC game on Saturday, taking down Duke, 49-6. The Orange defense dominated, forcing turnovers on three drives in a row in the second half and holding the Blue Devils without a touchdown in their first game under interim defensive coordinator Steve Stanard. SU scored a touchdown on its first possession of the game and doubled its lead later in the first quarter, but failed to score in the second. It was after halftime that the Syracuse defense picked off a pair of Quentin Harris passes and forced a fumble, leading to a trio of Orange scores that put the game away. Here’s whose stock is up and down after Syracuse’s largest win over an FBS team since 2000. For the first time all season Syracuse finally put together a stable 60 minutes up front in both the passing and running games, thanks in part to moving Carlos Vettorello to center and Airon Servais to left tackle. Tommy DeVito was sacked just once, tying a season-low, and SU featured a pair of running backs with 115 yards rushing in Moe Neal and Jarveon Howard. It shouldn’t be a surprise that the best game of the season by the offensive line also coincided with the Orange’s best game as a whole, and whether or not they can continue their success will be something to look at moving forward. AdvertisementThis is placeholder textAfter not having a 100-yard rusher in nearly two months, the Orange went out and ran for a season-high 286 yards and four touchdowns against the Blue Devils, who couldn’t find a way to stop any of SU’s backs. While Neal and Howard ran for 115 yards and a score each, true freshman Jawhar Jordan recorded his first touchdown and DeVito added another. It was the first time all season that Syracuse truly managed to showcase the talent in the backfield, which was highly touted during the preseason but had yet to get going until Saturday.Usually, an entire side of the ball doesn’t earn stock up or stock down honors, but holding a team to 3.3 yards per play isn’t typical. Defensive tackle McKinley Williams made his season debut and had an immediate impact, recording three tackles and a half-sack and tackle for loss each. Meanwhile, Lakiem Williams continued his breakout season to the tune of 14 tackles, including 2.5 for loss and Evan Foster added a career-high dozen of his own. The three third-quarter takeaways were the most SU has produced in a game since Sept. 21, when it had four versus Western Michigan. It’s one thing to allow nearly 500 yards of offense and get fired from your defensive coordinator position the next day, but it’s another to see your replacement have the day Stanard did during the next game. How much the season-best defensive performance by SU was influenced by Stanard is unclear, but that probably doesn’t matter much to head coach Dino Babers, who described the game as Stanard “painting the background” for his ownership of Syracuse’s defense. Ward undoubtedly had strong moments as SU’s defensive coordinator during the past few years, but through one game of Stanard’s tenure, it appears moving on from Ward may have been necessary.Graphics by Kevin Camelo | Co-Digital Editor Comments Published on November 18, 2019 at 10:37 pm Contact Eric: erblack@syr.edu | @esblack34last_img read more

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