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Phil Lesh Reunites ‘The Q’ For Two Amazing Nights At The Cap [A Gallery]

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first_imgOver the last two nights, March 17-18, Grateful Dead bassist Phil Lesh put together some serious star power for a run of shows at the Capitol Theatre in Port Chester, NY. Lesh celebrated his 76th birthday on March 15th, bringing along Warren Haynes, Rob Barraco, John Molo and Lettuce/Soulive guitarist, Eric Krasno. Krasno held his own as the newcomer to the group (though he has played as a “Friend” before), though fans were quite excited as Jimmy Herring returned to the lineup for the two-night stand. Herring, Haynes, Barraco and Molo are “The Q,” one of Lesh’s longest-standing lineups in the days before Furthur.For those who attended, “The Q” certainly felt reminiscent of old times. Thankfully, photographer Bill Kelly was on the scene to capture some of the moments of this run. Check out his images below, or and you can find videos/audio with full recaps for March 17th and March 18th by following the links. Setlist: Phil Lesh & Friends at the Capitol Theatre, Port Chester, NY – 3/17/16Set One: Jam > Dear Mr. Fantasy wh > China Cat Sunflower rb > Let It Ride pl rb, Passenger wh rb > Cosmic Charlie pl rb, Cassidy wh rb, Spots Of Time wh rbSet II: Mason’s Children pl wh rb > Mountain Jam jam > Mountains Of the Moon pl, Night Of 1000 Stars wh pl rb > Mountains Of the Moon pl > The Other One rb pl > Cryptical Envelopment pl, St. Stephen pl wh > In The Midnight Hour wh, Donor RapE: Days Between wh Setlist: Phil Lesh & Friends at the Capitol Theatre, Port Chester, NY – 3/18/16Set One: Jam > Dark Star pl wh rb > Again & Again wh rb, New Speedway Boogie wh pl, Sunshine of Your Love wh > Broken Arrow pl wh, End Of The Line wh > Dark Star v2 pl wh rb > I Know You Rider pl whSet Two: Unbroken Chain pl, Jam > The Wheel pl wh rb > Cumberland Blues pl wh rb, Uncle John’s Band pl wh > No More Do I wh rb > The Low Spark of High Heeled Boys wh > Franklin’s Tower pl wh, Donor RapEncore: Patchwork Quilt wh rbA full gallery of Bill Kelly’s images can be seen below: Load remaining imageslast_img read more

US election: What does the result mean for monetary policy?

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first_imgThe US Federal Reserve (Fed) is expected to delay its next interest rate hike following Donald Trump’s victory in the presidential election, according to asset managers.Trump’s scathing remarks about Fed chair Janet Yellen earlier in his campaign have caused some commentators to speculate the membership of the Federal Open Markets Committee – which sets monetary policy – may change in the near future.Dominic Rossi, global CIO for equities at Fidelity International, said the probability of a December rate increase “has fallen sharply” following today’s shock result.“The dollar, which has been trending higher in anticipation [of a Hillary Clinton victory], has consequently reversed,” he added. “Both were threats to the bull market, and these have now been postponed. Monetary policy will remain accommodative.”Ian Kernohan, economist at Royal London, agreed the Fed might delay its rate hike.He added: “Trump’s fiscal stimulus plan would be supportive for US economic growth.“However, with trend growth lower thanks to a productivity shortfall and structural demographic pressures, it is difficult to see the US economy growing much more rapidly without running into overheating inflation and a more hawkish Fed.”However, not all commentators believed December was off the table.Mark Dowding, co-head of investment-grade debt at BlueBay Asset Management, argued that the US economy “retains reasonable momentum and, … if US asset markets stabilise, the Federal Reserve remains likely to raise rates in December”.In the run-up to the election, Trump attacked the Federal Reserve and Yellen in particular for being “political” and bowing to pressure from president Barack Obama.In an interview with CNBC in September, Trump said: “[The interest rate] is staying at zero because [Yellen] is obviously political, and she’s doing what Obama wants her to do …. They’ll keep them down even longer … because they want to keep the market up so Obama goes out and the new person that becomes president, let him or her raise interest rates and watch what happens.”Stefan Kreuzkamp, CIO at Deutsche Asset Management, warned that this rhetoric could mean “closer congressional oversight” of the Fed, which could limit its ability to act in the event of another economic downturn.David Lloyd, head of institutional fixed-income portfolio management at M&G Investments, added: “Much of what Trump has said suggests the balance of risks is towards a more hawkish Fed. “In the short term,” he said, “the market will obsess over whether Trump’s rhetoric softens somewhat – ie [he tries] to forge a constructive working relationship with Yellen. If he sticks with his campaign tone, the rates market could get quite lively.”Outside of the US, Matthew Beesley, head of global equities at Henderson, said Europe could see “modest fiscal expansion with ECB-related stimulus in place to counter the short-term impacts of a slower US economy”.However, investor attention is likely to switch to forthcoming elections in France and Germany and a constitutional referendum in Italy, he said.“What price some further anti-establishment success and with it heightened risks to the already fragile growth outlook for Continental Europe?” he asked.BlueBay’s Dowding added: “We would caution against jumping to hasty conclusions regarding the European Central Bank or upcoming European elections in France, Germany or Italy in the wake of this result.”last_img read more