The 2016 series of local development meets kicks off today with the staging of two development meets on the Jamaica Administrative Athletics Association (JAAA) calendar.In the Corporate Area, Jamaica College will host the 23rd staging of the Purewater/JC Invitational meet on the school’s grounds, Old Hope Road starting at 8:30 a.m.Out west at the Herbert Morrison High School First Chance meet gets under way at 9 a.m.Most attention will focus on a well supported JC meet. The is a qualifier for the ISSA-GraceKennedy Boys and Girls’ Championships and athletes will be taking the opportunity to meet qualifying standards early. Meet director, Ian Forbes is very pleased with the support and is anticipating great competition.”More than 1500 athletes have entered and we expect high quality performances as this is an Olympic and World Junior Championships year,” Forbes said.He said entries have come in from all the top high school male and female teams. There will also be events for senior athletes from clubs and institutions.Several high schools have recruited new athletes during last summer and fans will get a chance to see who some of these athletes in action.Among the females are Janelle Fullerton and Rushelle Burton. Fullerton, who did well in the throws for Edwin Allen High last year, has moved to sixth form at St Jago High, while sprint hurdler Burton, formerly of St. Andrew High, has joined up with her former coach, Leacroft Bolt at Camperdown High School.SETTODETHRONECHAMPSJamaica College’s team will be closely watched as there are early whispers that they could be the team to dethrone defending champions Calabar at Champs this year. They have great depth in the field events with outstanding jumpers Obrien Wasome, Clayton Brown and Paketo Dudley among the likely leading performers.Top thrower, Vashon McCarthy, is also now eligible to represent the school after sitting out a full year after exiting Ascot High last year.Action will begin with the 3000m for girls. This will be followed by the boys’ 5000m. Other track events are the 100m, 800m and all sprint hurdles. In the field the events down to be contested are the long, high, and triple jumps along with the discus, shot put and pole vault.
Ratings agencies were in part to blame for what was happening on financial markets, Lamberti said, and had reverted to an ultra-conservative outlook on economies in an attempt to save face. Unlike a number of developed and emerging market countries, the South African government had not found it necessary to support its banking sector through the current financial crisis due to sound regulation, good capital adequacy ratios and sufficient liquidity conditions prevailing in the banking system, the Treasury said. “Growth forecasts for the South African economy will probably have to be revised down, though . we will achieve about 2-3 percent for the coming year,” he said. Fitch Ratings also suggested that if South Africa’s growth slowed down as it predicted, it would be difficult for the authorities to maintain sound macroeconomic and fiscal policies. He said nothing much had changed in terms of South Africa’s fundamental financial situation, and that the country was better placed to deal with the global financial woes than its peers. “It was a blanket reaction to emerging markets,” Lamberti said. Source: BuaNews “The current macroeconomic projections of growth, revenue flows, and inflation already take into account all of the factors that are raised by Fitch Ratings.” South Africa’s National Treasury, reacting to Fitch’s move, said the credit rating revision did not constitute a rating downgrade – a view also supported by Lamberti. Credit revision ‘not a downgrade’ Credit agencies had lost integrity in the midst of the ongoing global financial crisis and, in an attempt to regain credibility, had downgraded many emerging markets from stable to negative, Econometrix Treasury Management economist Russell Lamberti said on Tuesday. 11 November 2008 The Treasury said in a statement on Tuesday that the revision should be seen in the context of the current global financial turmoil and its impact on emerging markets, with shift to a negative outlook taking place alongside 17 other emerging markets. The Treasury responded by saying this view was not supported by South Africa’s recent history, and overlooked certain material facts about the current macroeconomic and fiscal frameworks. His comments come after international ratings agency Fitch revised South Africa’s BBB+ credit rating from “stable” to “negative”. In its latest Financial Stability Assessment Report, released last month, the International Monetary Fund (IMF) said South Africa’s financial system was fundamentally sound and well-capitalised.