Count Ohio State athletic director Gene Smith among them though.Like most college athletic department employees at this point, Smith is holding the NCAA company line, and raising some questionably salient points and concerns. From ESPN:“My concern with the California bill — which is all the way wide open with monetizing your name and your likeness — is it moves slightly towards pay-for-play,” Smith said, “and it’s very difficult for us — the practitioners in this space — to figure out how do you regulate it. How do you ensure that the unscrupulous bad actors do not enter that space and ultimately create an unlevel playing field?“One of our principles is try to create rules and regulations to try and achieve fair play.[…]Smith acknowledged that Ohio State, which has an enormous alumni base and abundant resources, would have an “unbelievable competitive advantage” over a lot of other schools from a system like this, but he is still against it.A few things:No one believes that we’re going to move towards some new model with no regulations.“Unscrupulous bad actors” are already incredibly prevalent in college sports. Go look at the scandals in college basketball. Anyone who believes college football is immune to similar forces is extremely naive. Go read Steven Godfrey’s excellent 2014 SB Nation feature “Meet the bag man” for how that works in major college football.College football already has a tremendously unlevel playing field. In a given year, there are maybe a half-dozen true title contenders, and that list is pretty static from year to year. There’s also an argument to be made that elite players could find more value in being a “big fish in a small pond” with a model that allows them to profit off of their likeness.Ohio State already has a huge competitive advantage. That isn’t going to change drastically, no matter what happens in the sport.The NCAA has floated ridiculous ideas, like the notion that it will cast out California schools if the Fair Pay to Play Act is implemented by 2023. People like Dabo Swinney swear that they’ll enter a new profession and give up their multi-million dollar contracts if players are able to get paid.In reality, that is all noise.Right now, elite programs collect tens of millions of dollars, and the players get scholarship money towards a degree that they may be able to use to study something that they’re actually interested in. That is often not even the case. It is very hard to argue that it is a fair system, and change feels more inevitable than ever.[ESPN] COLUMBUS, OH – DECEMBER 04: Ohio State University athletics director Gene Smith listens during a press conference at Ohio State University on December 4, 2018 in Columbus, Ohio. At the press conference head coach Urban Meyer announced his retirement and offensive coordinator Ryan Day was announced as the next head coach. Meyer will continue to coach until after the Ohio State Buckeyes play in the Rose Bowl. (Photo by Kirk Irwin/Getty Images)California is looking to change college athletics as we know them. The state has signed into law the Fair Pay to Play Act, which would bar the NCAA and its schools from preventing college athletes from profiting off of their likeness.The law is set to go into effect in 2023. Between now and then, you can expect the NCAA to try its best to fight it hard.California is not alone though. States as politically diverse as Florida, New York, Pennsylvania, South Carolina, and Texas have all floated similar laws.It is rare to see an issue with this kind of bipartisan support, and while not everyone is on board with athletes getting paid salaries by schools, the number of people against athletes being able to pick up outside endorsements is dwindling.
Here are the details for this ACC matchup:Channel: ESPNSpread: Miami -2Over/Under: 43.5Announcers: Dave Flemming, Louis Riddick, Paul CarcaterraVirginia should give Miami all it can handle on Friday night. The team’s only loss this season came to Notre Dame on the road.Not only do the Cavaliers have a stingy defense that allows only 275.4 yards per game, they have a dual-threat quarterback in Bryce Perkins that has made a bunch of explosive plays this season.It’ll be interesting to see how Virginia plays coming off its bye week. At the very least, the defense should be ready to play against Miami’s backup quarterback. MIAMI, FL – APRIL 13: N’Kosi Perry #5 and Jarren Williams #15 of the Miami Hurricanes in action during the annual Spring Game at Nathaniel Traz-Powell Stadium on April 13, 2019 in Miami, Florida. (Photo by Mark Brown/Getty Images)We’re in for an excellent weekend of college football as there are several marquee matchups on the schedule. This week’s slate includes an important ACC showdown between Miami and Virginia.Miami is coming off a wild loss to Virginia Tech at home. Despite trailing 28-0 at one point during the game, the Hurricanes ended up one touchdown away from sending it into overtime.Jarren Williams suffered an upper body injury last weekend. Manny Diaz announced that N’Kosi Perry will be the starter for this week’s game.Perry played well against Virginia Tech in Week 6, throwing for 422 yards and four touchdowns. He’ll need another strong performance to lead Miami to a victory.
TORONTO — The Canadian dollar drifted lower Tuesday as the loonie continued to suffer from risk aversion connected to worry about the currencies of emerging markets.[np_storybar title=”How low can the loonie go?” link=”https://business.financialpost.com/2014/01/23/how-low-can-the-loonie-go/”%5DMany think the loonie is still a long way from bottoming out. Here’s why and what it means for the economy [/np_storybar]The loonie was down 0.25 of a cent to 89.74 cents US after closing Monday at its lowest level since mid-July 2009.Markets have been severely buffetted over the last few sessions on concerns about emerging markets, including slowing growth in China, the world’s second biggest economy.But markets were reassured after a high-profile Chinese financial company, China Credit Trust, cut a last minute deal to avoid a default. The deal avoided the first of what was feared would be a cascade of defaults in the country’s shadow banking sector.Markets have also been jittery because of currency turmoil involving countries such as the Turkish lira, the Russian ruble and the Indian rupee as investors wonder how they’ll be affected by the Federal Reserve’s policy to reduce its monetary stimulus.The Fed’s massive bond purchases over the last few years has resulted in a stream of cheap money into those markets. But now the central bank is cutting back on those asset purchases.The Fed makes its next interest rate announcement Wednesday and markets widely expect it to further pare its bond purchases by another US$10 billion a month to $65 billion.The Canadian dollar has had a tough month, losing more than four cents, partly because of Fed tapering which has boosted the U.S. dollar against other currencies.But the loonie has also suffered from a worsening trade picture, weak December job growth and a dovish stance by the Bank of Canada on interest rates.The downward pressure on the currency is expected to continue for awhile yet, which is not a bad thing for the country’s export sector.“Near-term pressure is likely to continue as sentiment favours a weak Canadian dollar and the Bank of Canada is perceived as increasingly dovish,” observed Camilla Sutton, Chief FX Strategist, Managing Director, Scotiabank Global Banking and Markets.“However in the second half of the year, a weak dollars combined with a U.S. recovery is a powerful combination for Canada’s export sector and the Canadian dollar.”On the commodity markets, oil prices started to recover after two days of steep losses with the March crude contract on the New York Mercantile Exchange up 51 cents to US$96.23 a barrel.March copper on the Nymex gained a cent to US$3.27 a pound while February bullion declined $8.90 to US$1,254.50 an ounce.
Orway Mineral Consultants (OMC) and Process IQ say they have formed an incorporated joint venture, Orway IQ Pty Ltd, to deliver a remote optimisation consulting service for the mineral processing industry.MillROC (Milling Remote Optimisation Consulting) will initially focus on comminution circuits, the partners said.Headquartered in Western Australia, Orway IQ is led by Pieter Strobos (Chairman of the Board), Fred Kock (CEO), Brian Putland and Daniel Van Der Spuy (Executive Directors).Process IQ, meanwhile, was among eight companies nationally to share in A$15.6 million ($10.6 million) of funding to support collaboration and innovation, and address mining equipment, technology and services (METS) sector priorities, as announced earlier this year.Its project, which included Orway as one of three partners, was aimed at enabling grinding experts to interact directly and in real time with grinding circuits on remote mine sites to ensure they are operating at their most productive levels. “The project will develop automated artificial intelligence software to emulate the experts as there is very limited supply of this specialist expertise, leading to increased processing efficiency globally,” METS Ignited said.The joint venture draws on Orway’s expertise in comminution design, modelling and optimisation and Process IQ’s expertise in the Industrial Internet of Things (IIoT), cloud-based computing, process control, automation and instrumentation, the companies said. Together the companies claim to have served the mining industry for more than 50 years.Orway IQ’s MillROC uses real-time data in online process models and communicates the findings to the client, according to the companies. The product is a cloud-based reporting of all plant data related to circuit performance and optimisation, available anytime, anywhere – via the internet. Orway IQ expert consultants review circuits from around the world daily from its operations centre in Perth.Orway’s Strobos said: “The joint venture company is aligned with the METS Ignited initiative to assist with the growth and innovation of the business. Process IQ, OMC and now Orway IQ are at the forefront of the digital transformation in the mining industry, having been recognised for their ground-breaking work in this space.”Strobos continued: “We are receiving tremendous support from both Federal and State government and our consulting service, MillROC, has been recognised as having huge implications as a new product category for the mining industry.”Orway IQ has also been chosen to participate in the RISE Accelerator program supported by the Western Australia Government Department of Jobs, Tourism, Science and Innovation, The Queensland Government, NERA and METS Ignited – which is run by KPMG. The program has been developed to spearhead innovation into industry and equip METS companies with the skills, capabilities and support to develop their innovation and grow their businesses.