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SME research boost targeted in capital markets recovery package

first_imgThe European Commission today adopted a package of measures intended to help EU capital markets support the bloc’s recovery from the coronavirus crisis, including the launch of a consultation on MiFID II changes aimed at increasing research coverage of small and medium-sized enterprises (SMEs) and bonds.Overall the package aims to encourage greater investment in the economy, allow for the rapid recapitalisation of companies, and increase banks’ capacity to finance the recovery.It comprises “targeted adjustments” to MiFID II, the Prospectus Regulation and securitisation rules.The plan to increase the research coverage regime for SMEs and bonds is introduced by way of the launch of a consultation on amendments to a MiFID II delegated act. “The exceptional circumstances resulting from the coronavirus pandemic have instilled a sense of urgency into the debate on investment analysts’ research,” said the Commission. “Increasing the visibility of European companies, in particular SMEs, to investors will promote more investment for the economic recovery.”Investor groups like PensionsEurope have supported exempting research on SMEs from fee unbundling rules in order to foster investment opportunities in this sector of the economy.According to BVI, the German fund management association, the Commission had proposed an optional approach allowing asset managers to choose whether to continue to pay for research directly or to bundle research and transaction costs for SME equities, as was the case before MiFID II.It said it supported this in light of “the sharp reduction in the supply of research on SMEs” but that “the planned limit of €1bn for the market capitalisation of SMEs seems too low.”The association also said it “very much” supported the proposal for a broad-based exemption for the payment of fixed income research, as asset managers currently paid for this type of research twice, once within the spread and another time directly.The Commission today also proposed MiFID II amendments to free up resources for investment firms and professional investors, and to help develop euro-denominated energy markets. BVI suggested the envisaged exemptions on cost information for professional investors could go further.The package of measures also included a type of short-form prospectus to facilitate capital raising in the public markets and changes to securitisation rules to support SME lending and the management of non-performing loans.Valdis Dombrovskis, Commission executive vice president, said: “We are continuing with our efforts to help EU citizens and businesses during the coronavirus crisis and the subsequent recovery.“Capital markets are vital to the recovery, because public financing alone will not be enough to get our economies back on track.”The next step is for the European Parliament and the Council to position themselves with regard to the legislative proposals from the Commission. The consultation on the MiFID II delegated directive is open until 4 September.The Commission is due to present a wider Capital Markets Union action plan in September, following on from recommendations developed by an expert group.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

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Tri-storey home in the Scenic Rim region comes with great views

first_img13-15 Edward Place, Kooralbyn.When Cathy Milane and her husband laid eyes on their home in the country side it was the views that caught their attention – not the house itself.Mrs Milane, 70, and her husband Peter, 75, have lived at Kooralbyn, in the Scenic Rim region for the past 16 years and are ready to move to a lowset brick home. The views from 13-15 Edward Place, Kooralbyn.Their four-bedroom, two-bathroom home at 13-15 Edward Place, has cathedral ceilings, timber floors, ducted evaporated cooling system, ceiling fans and split system air-conditioning. It has landscaped gardens, a double auto garage and even a spot for a pool.Mrs Milane said they had renovated parts of the home over time, which included repainting the outside of the house, and fully renovating the kitchen, where she spend most of her time baking away.“The kitchen was timber. We put in a Kaboodle kitchen and it has lightened up the whole place,” Mrs Milane said.“The house is in very good condition and even the bathrooms are quite modern. They have been left as is.”She said the back drop of the fireplace was recently done in stone work. Brisbane home prices at record high Australia’s cheapest houses for sale The kitchen after it was renovated.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agocenter_img Before the big paint job.When the Milanes bought the tri-level home 16 years ago it had a “timber look”.“It was a greeny coloured weatherboard-type look,” Mrs Milane said.And only five years ago did they put new carpet in the bedrooms. MORE QLD REAL ESTATE NEWS: This is what the kitchen looked like prior to the reno.The couple paid $175,000 for the home and said although they loved the area, now was a good time to downsize and look for something more practical.Set on a 0.7ha steep block, Mrs Milane and her husband spend a lot of time on their deck.“It has new stainless steel balustrading all the around the house, and it really makes an amazing difference,” she said.“The deck is a beautiful place to watch the sun set.”She recounted having a memorable Christmas at the home a few years ago.Mrs Milane said there was a lovely community at Kooralbyn and nearby Beaudesert where she was involved in the local art group.“Our main reason for shifting to Bargara is for a more level area as my legs are starting to be an issue with the steps.”Mrs Milane said the home, which is close to 30 years old, would best suit a family. The home is on the market for $399,000 and being sold by Platinum Edge Properties – Kooralbyn agent Peter Eggenhuizen. Phone 0413 744 450.last_img read more

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Aklan to host next year’s WVRAA Meet

first_imgKALIBO, Aklan – The provincial governmenthere started its preparations for next year’s Western Visayas Regional AthleticAssociation (WVRAA) Meet. The provincial government alreadysubmitted its intent to host the regional event with the Department ofEducation regional office in Iloilo City early this year. Hundreds of athletes coming fromprovinces and cities of Negros Occidental, Iloilo, Antique, Guimaras, and Capizare expected to gather here to compete in different sports disciplines. Iloilo province players block a shot by a Capiz player during this year’s Western Visayas Regional Athletic Association Meet (WVRAA) secondary girls volleyball match in Roxas City, Capiz on Feb. 18. The provincial government of Aklan, host of next year’s WVRAA Meet, already started its preparations for the event. CAPIZ AKSYON NEWS CENTERcenter_img Gov. Florencio Miraflores on Mondaysaid he ordered several personnel for the preparation of the Aklan SportsComplex in Barangay Calangcang, Makato, Aklan. The province also hosted WVRAA in2010./PNlast_img read more

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Robredo hits Duterte: Want me out? Just tell me

first_img “Naniniwala ako na marami tayong mako-contribute sa kampanya laban sa iligal na droga,” she added. “Parang binabalik samin yung pagdetermine…Kailangan siya yung magsabi ano ba yung mandatong binibigay sakin, ano ba ‘yung limits.” MANILA – Baffled Vice President Leni Robredo told President Rodrigo Duterte to tell her straight if he still wants her to oversee the government’s anti-drug campaign after saying that he doesn’t trust her. “Dapat direchuhin na lang ako. Direcho naman akong kausap… Kung ayaw na niya, kung nagkamali sya sa pag-appoint sa akin at gusto niyang bawiin, sabihin lang niya. Kasi ako, madali akong kausap,” Robredo said in an interview on Wednesday. Duterte earlier warned to fire Robredo if she discloses sensitive information on the drug war to foreign individuals and entities./PN “I refused kasi sabi ko hihintayin ko muna yung sagot ni Presidente sa aking clarification,” Robredo said. “‘Yung ayoko ‘yung ma-accuse ako na lumalampas ako sa aking mandato.” President Duterte said a press conference on Tuesday night at Malacañang that he could not trust Robredo because she belongs to the political opposition and he does not know her. Robredo also declined a classified briefing from her ICAD co-chair, Director General Aaron Aquino of the Philippine Drug Enforcement Agency until the president clarified the scope of her authority. “Wala naman akong plano na magsaklaw ng mandato ng iba. Dahil very general ‘yung appointment sakin, sinabi na co-chair ako ng ICAD (Inter-Agency Committee on Anti-Illegal Drugs), ginagawa ko kung ano yung expectation as co-chair,” she further said. The Chief Executive added that Robredo’s behavior and remarks following her appointment as anti-drug czar also didn’t inspire for her to be given a Cabinet post. Vice President Leni Robredo. GETTY IMAGESlast_img read more

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NPA spox ‘ignorant’ on peace efforts – Army official

first_imgSpeaking on the behalf of the NPA’s ApolinarioGatmaitan Command in this province, Magbanua claimed that “the people’s moneyis used to militarize the services of the local government” and that “this so-calledpeace effort is futile and a waste of money.” “(He) needs enlightenment about the TaskForce to End Local Communist Armed Conflict (TF-ELCAC) and the localized peacetalks since his press statement clearly reveals his ignorance about the realpurpose of these peace efforts,” Vinoya said on Monday. “In due time, the Philippine Army willwipe you out in the region, hence, you better surrender while you still havetime, or be killed in the least sensible way,” he added.(With a report from PNA/PN) BACOLOD City – A top Army official inthe region of Western and Central Visayas has called New People’s Army (NPA)spokesperson Juanito Magbanua as “ignorant” for denouncing the government’speace efforts in this province. The Major General said that the communist-terroristgroup leader is apparently “unaware that his comrades, family members,relatives, and even him can benefit from these drives aimed to address the rootcauses of insurgency.”Vinoya added that through the TF-ELCAC, different government agencies cametogether to address the issues and concerns of the conflict-affected andvulnerable communities. “They bring government services and programs closer to these areas to transformthem into conflict-resilient communities conducive for sustainable peace anddevelopment,” he said. According to Major General Eric Vinoya,commander of the Philippine Army’s 3rd Infantry Division, such act by Magbanuaholds back the Negrenses’ desire for a peaceful and progressive community. center_img He even rebutted that the CommunistParty of the Philippines-New People’s Army is making the people’s livesmiserable by continuing to exploit and abuse their condition in order toadvance to a selfish and ruthless armed struggle. Philippine Army 3rd Infantry Division commander Major General Eric Vinoya (center) looks on as Brigadier General Benedict Arevalo (left) turns over the command of the division to Colonel Inocencio Pasaporte (right) at the brigade’s headquarters in Murcia, Negros Occidental. PNA FILE PHOTO Nevertheless, Vinoya went on to urge theNPA’s spokesperson and his comrades to return to the fold of the law, as hereiterated the troops’ commitment together with the local government units andconcerned government agencies in this province to fight for the welfare of theNegrenses. “That is the painful truth about yourterrorist organization the Negrenses should know…You are not fighting for thewelfare of the people. Your press statement is a confirmation of your true natureas anti-people, anti-peace, and anti-development terrorist organization,” hefurther said.last_img read more

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Zevenbergen repeats, banks another $4,000 for latest Hobo 100 feature win

first_imgElijah Zevenbergen raced to a second straight Hobo 100 IMCA Sunoco Stock Car victory, and another $4,000 payday, at Hancock County Speedway Friday night. (Photo by Chad Meyer)BRITT, Iowa (July 27) – No rally was needed for Elijah Zevenbergen to repeat as the winner of Hancock County Speedway’s Hobo 100 IMCA Sunoco Stock Car special.Zevenbergen had raced his way back to the front with five laps to go in the 2017 race.He started 10th, had the lead just five circuits in and stayed in front to the finish Friday night in winning the event a second straight year and taking home another $4,000 check.“The car was set up perfect. I could drive in the corners deeper than anyone else,” he said. “I just went to the high side and picked ‘em off.”Zevenbergen built up a big lead as the race stayed green, then outran 14th starting Jeff Mueller following a caution late in the 25-lapper.Randy Brands, Brandon Czarapata and Cayden Carter rounded out the top five.Fifty Stock Cars battled at Britt.Carter won the IMCA Modified feature, earning $2,000 and a Fast Shafts All-Star Invitational bal­lot nod.Cayden Carter was the IMCA Modified feature winner at Hancock County Speedway’s Hobo 100, earning $2,000 along with a berth on the 2019 fast Shafts All-Star Invitational ballot. (Photo by Chad Meyer)Cody Thompson raced from 17th starting to win the Karl Chevrolet Northern SportMod feature and $1,000. Chanse Hollatz topped the $500 to win IMCA Sunoco Hobby Stock main.Feature ResultsStock Cars– 1. Elijah Zevenbergen; 2. Jeff Mueller; 3. Randy Brands; 4. Brandon Czarapata; 5. Cayden Carter; 6. Devin Smith; 7. Derek Green; 8. Troy Jerovetz; 9. Kyle Frederick; 10. Curt Lund; 11. Andrew Borchardt; 12. Cody Frerichs; 13. Chad Palmer; 14. Kevin Opheim; 15. Trent Murphy; 16. Andy Altenburg; 17. Calvin Lange; 18. Jay Schmidt; 19. Scott Davis; 20. Heath Tulp; 21. Abe Huls; 22. Wayne Landheer; 23. Aaron Stolp; 24. Dustin Larson; 25. Matt Speckman; 26. Donavon SmithModifieds – 1. Cayden Carter; 2. Kelly Shryock; 3. Ethan Dotson; 4. Jeremy Mills; 5. Aaron Ben­son; 6. Nick Meyer; 7. Jesse Hoeft; 8. Rob Hughes; 9. Scott Anderson; 10. Tyler Prochaska; 11. Shane Monson; 12. Ben Kraus; 13. Troy Swearingen; 14. Cory Sauerman; 15. Todd Stinehart; 16. Cody Knecht; 17. Mike Jergens; 18. Loren Pesicka; 19. Stacey Mills; 20. Josh Ruby; 21. Ryan Ruter.last_img read more

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Update on the latest sports

first_img— No. 22 Virginia picked up its eighth straight win as Mamadi Diakite (MAH’-mah-dee dee-ah-KEE’-tay) contributed 17 points and eight rebounds to a 57-54 downing of 10th-ranked Louisville. Kihei (KEE’-hay) Clark posted 18 points had a team-high 18 points for the Cavaliers, whose late-season surge allowed them to finish in a tie for second in the ACC.— Marcus Zegarowski made all five of his 3-pointers and finished with 23 points to lead 11th-ranked Creighton to a 77-60 victory against No. 8 Seton Hall and a share of the Big East regular-season title. The Bluejays finished the game on a 21-6 run, won for the 11th time in 13 games and came away with the top seed in next week’s conference tournament.— Jermaine Samuels had a 3-point play with 5.6 seconds left as No. 14 Villanova survived a late scare to defeat Georgetown 70-69. Saddiq Bey (sah-DEEK’ bay) led the Wildcats with 18 points.— Samir Doughty made eight of 13 3-pointers and finished with 32 points as 17th-ranked Auburn beat Tennessee 85-63 to end a two-game slide. Doughty finished one off his career high in points, going 10 of 17 from the floor overall.— Miller Kopp provided 22 points and Northwestern pulled away in the second half to beat No. 20 Penn State, 80-69. The Wildcats scored a season-high 46 points in the second half and ended a seven-game home losing streak. Devon Dotson had 17 points and the Jayhawks finished 17-1 in the conference be defeating Texas Tech, 66-62. Udoka Azubuike (oo-DOH’-kah az-ah-BOO’-kay) was the key man for the Jayhawks, providing 15 points, 11 rebounds and a putback with 1:41 left that put them ahead to stay.Baylor’s big chance for a share of the conference title ended when the Mountaineers used a big second half to down the fourth-ranked Bears, 76-64. West Virginia went on a 21-5 run and held Baylor without a field goal for eight minutes midway through the second half.Emmitt Matthews scored a season-high 18 points and freshman Oscar Tshiebwe (SHEEB’-way) added 16 with 12 rebounds for WVU.In other top 25 games Saturday:— Sixth-ranked Kentucky rallied from 18 down to beat Florida, 71-70 at Gainesville. Nick Richards scored 17 of his 19 points after halftime to help the Wildcats avoid their first losing streak in three months. Update on the latest sports Share This StoryFacebookTwitteremailPrintLinkedinRedditT25 MEN’S BASKETBALL-SCHEDULEJayhawks take outright Big 12 crownUNDATED (AP) — Top-ranked Kansas has wrapped up the Big 12 regular-season title with a little help from West Virginia. In other virus-related developments:— The Islanders and Hurricanes conducted postgame interviews outside their dressing rooms Saturday in an effort to avoid the spread of illness. Players convened in the hallway or near the corridor where the Islanders skate onto the ice.— The Giants, Nationals, A’s and other teams are taking Major League Baseball’s recommendation and pre-signing cards and baseballs to hand out to fans, cutting down on interactions around the ballpark. At the Giants’ complex in Scottsdale, Arizona, stadium personnel disinfected railings shortly before fans arrived for an afternoon game against the White Sox, and the team is spending extra time sanitizing around the clubhouse and other facilities.— The women’s world hockey championships in Canada have been canceled because of the virus. The two-week tournament was set to open March 31, with venues in Halifax and Truro, Nova Scotia. The 2003 tournament scheduled for Beijing was called off because of the SARS outbreak in China. Nic Dowd scored twice for the first multi-goal game of his career as the Capitals hammered the Penguins, 5-2. Nicklas Backstrom, Richard Panik and TJ Oshie (OH’-shee) also scored to back Braden Holtby, who stopped 26 shots in the Caps’ fifth victory in their last 14 games.The Penguins lost for the seventh time in nine games to fall five points behind the Capitals. Sidney Crosby scored for the third straight game and Evgeni Malkin notched his 22nd for Pittsburgh.The Flyers begin their game two points behind Washington.Elsewhere on NHL ice:— The Predators pulled out a 1-0 win over the Stars as Juuse Saros (YOO’-see SAH’-rohs) blanked Dallas for the second straight game. Ryan Ellis scored a power-play goal in support of Saros, who made 37 saves in his fourth shutout of the season and 11th overall. March 7, 2020center_img General manager Sean Marks says it was a mutual decision.Atkinson was 118-190 in 3 1/2 seasons of his first NBA head coaching job.NHL-SCHEDULECapitals dump PensUNDATED (AP) — For the moment, the Washington Capitals are back in sole possession of first place in the NHL’s Metropolitan Division. That will change if the Philadelphia Flyers knock off Buffalo later today. — Nate Reuvers (REE’-vurs) scored 17 points and No. 24 Wisconsin held Indiana to just one basket over the final 10 minutes of a 60-56 comeback over the Hoosiers. The win gives the Badgers at least a share of the Big Ten regular-season crown.NBA-NETS-ATKINSON OUTKenny Atkinson out as Nets coachNEW YORK (AP) — The Brooklyn Nets have made a surprising coaching change with the team on track for a second consecutive playoff berth.The Nets have parted company with Kenny Atkinson and put assistant Jacque Vaughn in charge for the rest of the season. The move comes with the team 28-34 and seventh in the NBA’s Eastern Conference. McIlroy also shot a 73 to fall into a tie with Leishman, who carded a 72. Four others are within three strokes of the lead.VIRUS OUTBREAK-SPORTSNBA tells teams to plan for empty arenasUNDATED (AP) — The NBA wants its teams to prepare to play games without fans if necessary because of the coronavirus crisis. The league circulated a memo to its teams Friday telling them to prepare in case it becomes necessary to play games without fans or media, as sports leagues in Europe have already done. The memo detailed potential actions that teams might need to take “if it were to become necessary to play a game with only essential staff present.”The memo, obtained by The Associated Press, says teams should identify which team and arena people would be needed to conduct games, and be able to communicate quickly with non-essential staff, as well as ticket holders and corporate partners. — Vincent Trochek’s first goal as a Hurricane was the game-winner 1:36 into overtime as Carolina downed the Islanders, 3-2 to end a four-game skid. Josh Bailey tied it with 4:58 left in regulation before New York fell to 0-3-3 in its last six games.PGA-ARNOLD PALMER INVITATIONALHatton leads through 54ORLANDO, Fla. (AP) — Tyrrell Hatton is the third-round leader at the Arnold Palmer Invitational as he seeks his first PGA Tour victory.Hatton braved strong winds in shooting a 1-over 73 that puts him two strokes ahead of Rory McIlroy and Marc Leishman. Hatton has earned four international victories during his career. Associated Press last_img read more

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Scores Arrested as PSG Fans Riot after Defeat

first_imgAlmost 150 people were arrested as Paris Saint-Germain fans set cars ablaze, smashed shop windows and clashed with police in the French capital after the team’s Champions League final 1-0 defeat against Bayern Munich, police said yesterday.The violence occurred around the Parc des Princes Stadium and on the Champs-Elysees avenue during and after the match on Sunday night, police said on Twitter.Thousands of supporters had gathered at the Parc des Princes to cheer on PSG, lighting flares and chanting as they watched the 1-0 defeat in Lisbon on a big screen. The trouble lasted several hours, as groups of fans threw bottles and fireworks at police, who responded with tear gas and rubber bullets, a sourcer said.On the Champs-Elysees, vehicles were set on fire, windows broken and shops vandalised.Police said 148 people were arrested “in particular for damage, violence or throwing projectiles”.Interior Minister Gerald Darmanin said 16 police were injured, 12 shops attacked and about 15 vehicles damaged overnight.In a tweet on Sunday night, he condemned the “unacceptable” violence and thanked the police who arrested “small violent groups, troublemakers.”Social distancing measures were ignored inside and outside the Parc des Princes among fans who had hoped to see their Qatar-owned team’s first triumph in Europe’s top club competition.Police said 404 people were stopped for not wearing face masks as part of regulations aimed at curbing the coronavirus outbreak.Paris mayor Anne Hidalgo had earlier called for “mature celebrations” should PSG beat Bayern, after supporters clashed with police following their 3-0 win over RB Leipzig in the semi-finals.“I’m gutted! They wasted too many chances and unfortunately in the final that just doesn’t fly,” said Nicolas Mounier as he left the stadium peacefully.“We are disappointed but we weren’t dreadful,” another PSG fan, Anne Vaneson, told AFP.“In the first half, we were on a level playing field but we paid for a dip in performance in the first 20 minutes of the second half.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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J-D baseball drops sectional final to Whitesboro in 11 innings

first_img Tags: BaseballJ-D Older J-D players remembered that Whitesboro beat them in the 2017 sectional final, but the Warriors had a more immediate memory of dropping the sectional title game to East Syracuse Minoa one year ago.So both sides were hungry – and both brought first-rate pitchers that settled into a championship duel.A.J. Ortega took the mound for the Rams, and he only allowed one hit out of the outfield in the first five innings, his only stress in the top of the second, when the Warriors put two on before Ortega struck out Noah Scranton. Whitesboro ace Avery Cook matched scoreless frames with Ortega, J-D unable to convert despite getting two runners on base in the third and fourth. Only once in the first five innings did Cook retire the Rams in order.Ortega was saved by his defense when the Warriors threatened in the top of the sixth, putting two on with two out. Joey Crossley hit a sinking line drive to right, where Shane Wright caught it, saving at least one run, perhaps two.Again in the seventh, Whitesboro put two on base and again Ortega worked out of it when Anthony Ruggiero was caught stealing third by catcher Mateo Santos, who had also thrown out Joey Ruggiero back in the first inning.The eighth inning brought more stress, with the Warriors loading the bases, but an intentional walk to Cook proved successful when Nolan Giblin successfully fielded Collin McAndrew’s bouncing ground ball.With two out in the top of the ninth, Ortega reached his pitch limit, and Murphy Foss relieved him. Foss hit Joey Ruggiero, but got Joey Panuccio to ground out and strand two more Whitesboro runners.Cook had to leave the mound, too, due to the 125-pitch limit in the bottom of the ninth after Santos walked with one out, but Bryce Gnatek retired the Rams from there, keeping it 0-0.In the top of the 10th, Foss walked Cook on four pitches, and Ryan Cardone tripled to the gap to bring Cook home with the go-ahead run. One pitch later, Crossley singled to score Cardone.Somehow, J-D weathered this and answered in the bottom of the 10th. Bobby Galusha reached on an error and Matt Alexander singled to put the tying runs on base, and Giblin brought them home with a triple to the gap, only to get thrown out at home on Nick Brotzki’s grounder trying to score the winning run.Again Whitesboro took the lead in the top of the 11th, with back-to-back two-out walks leading to Cook’s RBI single that scored Joey Ruggiero. Gnatek then gave up a two-out single to Wing, but Galusha popped out to end it. Share this:FacebookTwitterLinkedInRedditComment on this Story For the second time in three years, the Jamesville-DeWitt baseball team’s quest for a Section III Class A championship was thwarted by Whitesboro one victory short of the ultimate prize.And this one was particularly difficult because, for 11 innings Sunday night at Onondaga Community College, the Red Rams fought it out before the Warriors outlasted them 3-2.Ultimately, it got decided by a patient top half of Whitesboro’s batting order, who in the 10th and 11th innings produced the runs necessary and responded well when J-D rallied to tie it in the bottom of the 10th.last_img read more

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