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SA ‘can weather global slowdown’

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first_img3 July 2008Despite a global economic slowdown resulting largely from rising food and fuel prices, South Africa’s economy is resilient enough to deal with the unfolding economic climate.“We have a much stronger economy today then we did 10 years ago and increasingly we are showing resilience to global economic dips,” Trade and Industry Minister Mandisi Mpahlwa said in Johannesburg this week.“We do not believe our economy has reached a cul-de-sac.”He added that investment was increasingly was playing a greater role in the economic growth of South Africa.Speaking from the headquarters of Business Unity South Africa (Busa), Mpahlwa said South Africa was recently identified by a professor at the London School of Economics as one of four key emerging economies in the world, placing it alongside China, India and Brazil.Regionally significant and diverseSince the 1990s, South Africa has emerged as one of the most important developing economies within the global economy.“We might not have the size of China, India and Brazil, but we are regionally significant with a diverse and growing economy,” Mpahlwa said. “We need to make sure that we remain in the stream of fast-growing economies despite the challenging global economic environment.”To ensure diversification of exports, South Africa is currently in discussions with China to find ways in which to increase the market penetration of value-added goods into the Chinese economy.He added that South Africa was in the process of trying to change from being a majority exporter of raw materials to a supplier of value-added goods on a greater scale.Shifting trade patternsMpahlwa said that trade patterns were shifting at the moment, noting that Africa-Asia trade was starting to surpass Africa-European trade. “The trade balance is shifting more toward Asia, with an increase in trade between developing countries,” he said.Among the challenges facing the South African economy were insufficient energy to meet rising demand, a shortage of skills, and the need to increase productivity and boost infrastructure development.He pointed out that while the short-term solution was to import skills, this practice was not sustainable in the longer term and skills had to be developed locally.“The issue of insufficient energy, skills shortages, and infrastructure challenges is not unique to South Africa but is a global problem,” Mpahlwa added.Current account deficitSouth Africa’s widening account deficit came as a result of South African manufacturers already running at capacity and therefore not being able to deal with increased demand ahead of the massive infrastructure drive for the 2010 Fifa World Cup.South Africa was therefore forced to import goods to cover the local output shortage, Mpahlwa said, adding that local manufacturers needed to reinvest in capacity in order to meet the growing demand in the country.Another factor greatly affecting the current account deficit was the current record prices for crude oil.In the prevailing economic slowdown, it was imperative that South Africa did not lose focus of what it had set out to achieve. “Now is the time to commit ourselves to more vigorously pursue these objectives,” he said.Taking down barriersMpahlwa said the government’s response to the tightening economic conditions was to speed up industrial development, continue promoting small, medium and micro enterprises (SMMEs), and further strengthen the state’s capacity to unlock the country’s economic potential.He added that regional integration within the Southern African Development Community also needed greater impetus, as all countries within the bloc needed to take advantage of the almost free trade environment that existed in order to maximise regional trade.Source: BuaNewslast_img read more

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Kathrada wants to live on South Africa’s Robben Island

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first_img14 August 2015South African anti-apartheid veteran Ahmed Kathrada revealed that he would like to live on Robben Island, where he was imprisoned with Nelson Mandela and others during apartheid. His revelation came at a talk about his coffee table book, Triumph of the Human Spirit, hosted in Lenasia, Johannesburg, yesterday.The book is a collection of emotional memories of Kathrada’s return to the island. He frequently escorts celebrities, presidents and ordinary individuals on their visits to the former prison.After 300 visits to Robben Island, he said it had become routine. But the first and second visits were difficult.“My first visit on Robben Island, after I was released. it was quite a traumatic experience, because a year after our release we were used to space. Flats, houses, halls,” he told daily newspaper, The Citizen.“And when we [were] confined in this little cell of which I spent 18 of my 26 years [imprisoned], that was difficult to believe how I spent 18 years of my life in that little cell.”Kathrada spent 26 years in prison, 18 of which were on Robben Island. Now, the struggle stalwart would like to make the island his home.“We are currently in negotiations with various authorities to try and get the house on the island, specifically for him to receive his guests on the island and [as a place] where he can spend a little bit of time and reflect on the past,” explained Zaakirah Vadi of the Ahmed Kathrada Foundation to Eye Witness News.ImprisonmentIn 1963, Kathrada was arrested in Rivonia and charged with sabotage and attempting to overthrow the government by violent means. He, along with other struggle veterans, Mandela, Walter Sisulu, Govan Mbeki, Andrew Mlangeni, Billy Nair, Elias Motsoaledi, Raymond Mhlaba and Dennis Goldberg, were sentenced to life imprisonment in 1964.He was incarcerated with his colleagues on the island for 18 years, before he was moved to Pollsmoor Maximum Prison in 1982. Soon after his release in October 1989, the African National Congress (ANC) was unbanned.SAinfo reporterlast_img read more

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Weed control a prominent part of 2018 seed selections

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first_imgShare Facebook Twitter Google + LinkedIn Pinterest As harvest begins to wrap up for farmers in Ohio, their focus will start to turn to seed selection for next year’s crop. According to DuPont Pioneer Territory Manager Doug House, weed control is playing a major part in those choices. He shares more in this week’s DuPont Pioneer Field Report.last_img

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NBA: Ever improving DeRozan looks to further develop ‘much better’

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first_imgView comments Read Next MOST READ Don’t miss out on the latest news and information. Brace for potentially devastating typhoon approaching PH – NDRRMC UPLB exempted from SEA Games class suspension Typhoon Kammuri accelerates, gains strength en route to PH Ched looking to improve teaching of ethics course in univs, colleges PLAY LIST 01:43Ched looking to improve teaching of ethics course in univs, colleges03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:08Huge Toronto crowd celebrates Raptors’ historic win01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa SEA Games in Calabarzon safe, secure – Solcom chief With the Cleveland Cavaliers and the Boston Celtics expected to rule the East once more this coming season, DeRozan understands that his improvement will be vital if the Raptors will be contenders once more.“It’s great to have this opportunity to carry a franchise, and just show them that I come back every year much better,” he shared.  Khristian Ibarrola /ra Catriona Gray spends Thanksgiving by preparing meals for people with illnesses This year, the 6’7″ athletic specimen aims to become a better playmaker and a more accurate three-point threat.He recently posted an Instagram story of his midnight shooting session, which was posted on Twitter by Raptors beat reporter Josh Lewnberg.DeMar DeRozan hit 64% of his 700 3pt attempts during a late-night workout, according to his IG story pic.twitter.com/why2crAqoQ— Josh Lewenberg (@JLew1050) July 25, 2017ADVERTISEMENT Mayweather-McGregor is a pay-per-view smash WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Toronto Raptors’ DeMar DeRozan, right, shoots past Denver Nuggets’ Wilson Chandler during the first half of their NBA basketball game in Toronto.  APToronto Raptors superstar DeMar DeRozan has made significant strides in his game since entering the NBA in 2009.The 28-year-old shooting guard has blossomed into a three-time NBA All Star, displaying incredible foot work and a mid-range arsenal seldom used in today’s game.ADVERTISEMENT LOOK: Venues for 2019 SEA Games LATEST STORIES After averaging a career-best 27 points per game last season, the former USC Trojan expressed his desire to keep improving on other aspects of his craft.“Continue to get better, continue to win,” DeRozan told ESPN’ Carl Champion when asked of his goals for the upcoming season.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“Continue to grow as a player, as a leader, and keep pushing the envelope. Understand my flaws from the year previously and come back better this year.”Entering the league primarily a slasher and a dunker, DeRozan worked hard on his ball-handling skills, which eventually translated into a formidable mid-range game.last_img read more

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Red-hot Alab torches lowly Formosa for 8th straight win

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first_imgPhoto by Tristan Tamayo/INQUIRER.netSan Miguel Alab Pilipinas couldn’t be stopped as it ran roughshod over Formosa Dreamers, 117-93, for its eighth straight victory in the 2018 ASEAN Basketball League at Sta. Rosa Multipurpose Complex in Laguna.The hottest team in the league banked on its versatile imports to improve to 11-4 in the standings.ADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ View comments John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding LATEST STORIES Familiarity helped Meralco’s Ballesteros in career game vs Ginebra NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Justin Brownlee was as lethal as ever, firing 27 points and scattering 13 rebounds, five assists, four blocks, and two steals to stuff the stat sheets in the rout.Renaldo Balkman also registered another double-double of 21 markers and 14 boards that went with six dimes, and five rejections, while Lawrence Domingo fired a season-high 16 points and seven rebounds.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutBobby Ray Parks Jr. also shone as he helped Alab break away for good in the third quarter, where he unloaded eight of his 15 points that triggered a 19-7 tear for a decisive 79-62 lead. The reigning Local MVP also got three rebounds, two assists, and two steals.The tailspin continued for the Dreamers, who have now lost 12 games in a row and stayed at the cellar with a 1-14 slate.center_img AFP official booed out of forum Don’t miss out on the latest news and information. 2 ‘newbie’ drug pushers fall in Lucena sting Cameron Forte topped Formosa with 29 points and 21 rebounds, Ronnie Aguilar had 20 markers and 11 boards, and local Wu Sung Wei got 18 points and five assists off the bench.The scores:SAN MIGUEL ALAB PILIPINAS 117 — Brownlee 27, Balkman 21, Domingo 16, Parks 15, Hontiveros 11, Sumalinog 11, Urbiztondo 9, Raymundo 3, Alabanza 2, Javelona 2, Celiz 0.FORMOSA DREAMERS 93 — Forte 29, Aguilar 20, Wu 18, Chen 10, Chien 7, Chou 4, Barratt 3, Yang 2, Cheng 0, Li C 0, Li P 0, Tsai 0.Quarters: 28-19, 52-38, 79-66, 117-93.ADVERTISEMENT Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Slow and steady hope for near-extinct Bangladesh tortoises Read Next Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon Citylast_img read more

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Report: Leonard Fournette’s Family May Have Broken NCAA Rules

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first_imgLeonard Fournette talks during an interview.YouTube/LSU Tiger TV YouTube/LSU Tiger TVYouTube/LSU Tiger TVLSU sophomore running back Leonard Fournette is the leading candidate for the Heisman Trophy this year, given the fact that he’s rushed for 1,352 yards and 15 touchdowns in just seven games. But according to USA TODAY, his family could be in a bit of trouble with the NCAA regarding a website that was launched back ahead of the 2014 season.According to the publication, a website dedicated to “BUGA Nation” – which stands for “Being United Generates Attitude” – was launched with the intent to sell tee shirts and hats to the public. Fournette “helped develop” the acronym. Here’s more:Paul Price, described by Fournette’s mother as the family’s manager, made payments of about $10,000 to build a website and produce the merchandise to be sold, the owners of three companies involved told USA TODAY Sports. The owners said they gave Price and the Fournettes more than $20,000 in discounts because they expected strong sales driven by the star running back’s popularity. Even with the discounts, one of the business owners said he has yet to be paid in full.The website launched the week of LSU’s 2014 season opener, but the business went no further — sales of T-shirts and hats were stopped within 24 hours after the NCAA learned of its existence, according to Lory Fournette.Clearly, the issue here is that players and their families are not allowed to profit off of an athlete’s likeness, image or name.Will this lead to NCAA issues for LSU and Fournette? At this point, it’s hard to say. You can read the entire article over at USA TODAY.last_img read more

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EcoFriendly Ocean Guitar Is Unveiled In Honor Of Jerry Garcias 75th Birthday

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first_imgIn honor of Jerry Garcia’s 75th Birthday, the Jerry Garcia Foundation has commissioned luthier and artist Tom Lieber to create an eco-friendly, plastic-free electric guitar.Jerry Garcia Ocean GuitarCredit/Copyright: Milo Stewart Jr. Staff Photographer National Baseball Hall of FameThe new guitar named “Ocean” is made from sustainable maple and features a fingerboard inlay image of Jerry Garcia’s etching titled “Fish.” The instrument will be played at benefit events to support causes that were meaningful to Jerry such as coral reef preservation.After an extensive two-year search for a guitar maker who had the expertise to create a plastic-free instrument, Jerry’s daughter, Keelin and wife, Manasha were delighted to meet luthier Tom Lieber at a recent Foundation benefit.“This guitar, Ocean, has been conceived with love and intent to serve as a symbolic vehicle for the Jerry Garcia Foundation to utilize in its continuing effort of expanding the positive world impact of Jerry Garcia’s creative legacy,” said Tom Lieber of Lieber Instruments, Inc.Doug Irwin and Tom Lieber were the designers and builders of Jerry Garcia’s two most famous guitars, “Tiger” and “Wolf.” In June, the “Wolf” guitar sold at auction for $1.9 million and raised over $3 million for charitable causes.The new eco-friendly guitar’s journey will begin this month as the Jerry Garcia Foundation invites artists to play the instrument at benefit events in support of ocean conservation in addition to other worthy causes.In his lifetime, Jerry was an active advocate for coral reef preservation. Coral reefs are vital to the ecosystem and known as the “rainforests of the sea.”For more information, please visit www.jerrygarciafoundation.org.last_img read more

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Streak continues for No 1 Bucks

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Winning 20 games in a season is nothing new to Ohio State men’s basketball coach Thad Matta. Winning 20 games before picking up his first loss, however, is a different story. OSU’s 73-68 win against Illinois on Saturday advanced the Buckeyes’ record to 20-0 and earned Matta his 11th consecutive season with 20 or more wins as a college basketball head coach. Only Mark Few of Gonzaga has started his career with such a streak. “It’s amazing,” Matta said. “You always want to get to 20. I mean, that was kind of like the benchmark for college basketball.” The Buckeyes’ 20-0 start is OSU’s first since the 1961-62 season when the team started the season with a 22-0 record. A season earlier, the 1960-61 squad got off to the best start in program history with a 27-0 record. Both of those teams went on to become the national runner-up in their respective seasons. Despite the Buckeyes’ hot start, Matta said he hasn’t noticed anyone on his team pay any attention to it. “I haven’t heard one guy say one word about not being beaten,” Matta said. “The focus has, I think, been primarily on who’s the next opponent, and you know, the job that we have to do to win that basketball game.” Kansas’ loss to Texas on Saturday — which snapped the Jayhawks’ 69-game win streak at home — leaves OSU and San Diego State as the only undefeated teams in the country. With six of their next eight games coming against ranked opponents — including road matchups at Minnesota, Wisconsin and Purdue — the Buckeyes have their work cut out for them as they attempt to remain unbeaten. “The Big Ten’s a great conference, and there’s no easy games, especially on the road,” senior guard Jon Diebler said. “We’ve got some great tests coming up, and we’re definitely looking forward to those challenges.” OSU’s next test will be when it hosts Purdue at 9 p.m. Tuesday. With a Buckeye roster composed of accomplished veterans and blue-chip freshmen, Matta said the team’s history of success would play a key role in determining how long it remains unbeaten. “You’ve got a lot of guys on this team that have won at the high-school level, at the national AAU level,” Matta said. “I haven’t seen anything in regards to somebody letting their guard down.” read more

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From Peyton Manning to CocaCola ads Ohio State students excited about the

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Denver Broncos quarterback Peyton Manning scans the field during the AFC championship game against the New England Patriots Jan. 19 at Sports Authority Field at Mile High. Denver won, 26-16.Courtesy of MCTEvery year, there is plenty of buzz surrounding the Super Bowl, the biggest game of the season for the most popular sport in the country.Super Bowl XLVIII is no exception, and Ohio State students are preparing to take in all that comes with the big game this year.The Denver Broncos and their No. 1-ranked offense are set to take on the battle-tested Seattle Seahawks Sunday, who boast the league’s best defense. The strengths of both teams are sure to test the will of all players and coaches involved as they look to capture the sport’s ultimate crown, The Vince Lombardi Trophy.According to Wallethub.com, about 169 million people are expected to watch the Super Bowl, spanning 180 countries and more than 30 languages. But, along with the game itself, there are plenty of other reasons for people across the world to tune in.Erin Ponting, a second-year in chemistry, said she has a rooting interest in the game but is looking forward to another part of the broadcast.“I am really excited to see if (Broncos quarterback) Peyton Manning can win another ring, but am thrilled to watch the Red Hot Chili Peppers perform with Bruno Mars,” Ponting said, referring to the halftime show. “I am a fan of both artists and think they will put on a good halftime show.”Coupled with the halftime show, the commercials have become a spectacle in their own right. One 30-second ad this year is expected to cost advertisers more than $4 million, a rate only justified by the amount of viewers who watch the game. Each year, advertisers compete to see who can have the best commercial and vie to outspend one another for airtime.Charlie Cataline, a fourth-year in art, said he does not have a favorite team in either the Broncos or Seahawks, but thinks the commercials will be a fun break from the football action.“The commercials are usually pretty good and entertaining,” Cataline said. “People expect to see great commercials and I look to Budweiser, Coke and new movie trailers to entertain me between plays.”In the end, between the halftime entertainment and the commercials, there is still a game being played. This Super Bowl, as with any other game, is likely to create or define legacies for all the players and coaches involved.Callie Roney, a second-year in exploration, said she is cheering for a Broncos win because of her admiration for Manning.“I will be pulling for the Broncos to win because I love Peyton Manning,” Roney said. “I have always been a big fan of his and this victory will help him catch up with his brother in the number of Super Bowl titles won.”Kickoff between the Seahawks and Broncos is set for 6:30 p.m. from MetLife Stadium in East Rutherford, N.J. read more

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Ohio State focuses on improving after 39point win

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OSU redshirt-freshman quarterback J.T. Barrett (16) runs through the Rutgers defense toward the end zone during an Oct. 18 game at Ohio Stadium. OSU won, 56-17.Credit: Mark Batke / Photo editorThe question for Ohio State heading into its matchup with Rutgers was simple: Will the momentum still be there?A quick 14-0 start for the No. 13 Buckeyes (5-1, 2-0) showed they still had a spark despite two weeks off. In a total team effort, OSU led the Scarlet Knights (5-2, 1-2) in nearly every significant statistical category — save penalties and time of possession — but its coach said there’s still work to be done.“It’s time to, first of all, develop depth,” Urban Meyer said after his team’s 56-17 win. “We could go on and on about the mistakes that were made today. But enjoy the win tonight, go see your families, do what you gotta do and come back ready to go.”For the Buckeyes, the time to “come back ready to go” will be Saturday when they are set to face Penn State on the road. The last time OSU faced-off with the Nittany Lions, the Scarlet and Gray came away with a 63-14 win at home. That 2013 win came at Ohio Stadium, but the last time OSU traveled to State College, Pa., the result was comparable. OSU beat Penn State, 35-23, on Oct. 27, 2012, before last season’s shellacking. On top of recent success against their upcoming opponents, the Buckeyes are on a historic streak this season against all takers.Even with any room for improvement the coaching staff might see, the 2014 Buckeyes have already carved out a spot in the OSU record books, specifically when it comes to offensive production. The team posted 50-plus points for the fourth straight game — a school record — and it gained 500 yards or more in each of those games, which is tied for the program’s best.Production of that nature would be a good sign for every team, but at least one OSU assistant said he wants to keep focusing on ways to improve instead of talking about what the Buckeyes have done lately. Co-offensive coordinator and quarterbacks coach Tom Herman said he’s not ready to make a judgment on where OSU stands, but added he hopes to have a clearer picture as the Big Ten schedule heats up.“Obviously the scoreboard and the play-by-play or stats say that we’re playing pretty well, but as a coach you always try to find the things that you can get better at,” Herman said after the game. “I don’t know how well we’re playing.”Meyer said it will be important for the Buckeyes to continue focusing on improvement rather than touting recent success, something he said he feels the team is able to do.“The good thing is that I don’t feel like there’s a complacent attitude,” Meyer said. “Complacency is awful in this business and with the players, because when you watch the film, we could actually have played a lot better in certain situations.”In order to find the spots where OSU could have performed better against the Scarlet Knights, it might be key to look beyond the box score.The Buckeyes totaled 31 first downs on offense while holding Rutgers to a three of 13 performance on third down on defense. OSU also outgained the opposition 585 to 345 and won the turnover battle, 3-1.Much of that success on both sides of the ball came early in the game for the Buckeyes, which led to a 35-7 advantage at the half.“Our focus is always to start fast and get things going,” redshirt-freshman quarterback J.T. Barrett said after the game. “I think we executed better than in past weeks, but we can still eliminate some mistakes. I put some of that on myself.”Barrett’s own mistakes didn’t come until he had already nearly hit double digits in pass attempts, as he completed his first nine throws of the game. But after Barrett ran for two scores and threw for another in the first 10:46 of the third quarter, he and the Buckeye offense stalled.From that point on, OSU didn’t post another point and recorded just one gain of more than 14 yards.To an extent, the Buckeyes’ defense mirrored the fast start and slow finish of their offensive counterparts. Before addressing that less-than-stellar second half, Meyer praised the defense’s overall performance against a team he said the Buckeyes respected going in.“Our defense, you credit that, you can take the first half that’s a credit to our defense,” Meyer said. “They took a team that threw 400 plus yards against our rivals and really played well, creating turnovers once again and getting the ball to the offense rather quickly.”From a scoring standpoint, the Buckeyes’ matchup with Rutgers was tied for their second-best defensive outing of the season. Sophomore safety Vonn Bell credited that success to every player on the defense being “all in” on what it is trying to achieve.“You can see the progression of our players and see us getting takeaways and scoring,” Bell said after the game. “It’s very impressive this young group can understand what the coaches are telling us.”But Meyer stressed that — despite bright spots — the defense still didn’t have the start-to-finish effort he would like to see, especially when some less experienced players got a chance to make a statement late.“We gave up some runs, and when a two gets in the game there can’t be that big of a drop off,” he said of the second-string defense’s performance in the game. “And right now we all saw what happened, there’s a significant drop off when our twos got in there.”Co-defensive coordinator and linebackers coach Luke Fickell said the coaching staff tries to communicate to the backups that they need to treat their playing time the same as if they were starters.“We try to talk to those guys, ‘Hey, don’t consider yourself a two,’” Fickell said. “‘You want to be a one-B.’ That means there’s not a big drop off between the one-A and the one-B.”Even though the slow finishes to the game on both sides of the ball didn’t affect the outcome of the contest, Fickell said the Buckeyes have to make sure they stay hungry rather than settling — even after a 39-point win.“We’re never satisfied with where we are,” Fickell said. “And that’s the thing that we think that … going into what we were doing, we’ve got to be able to finish things.”Whatever adjustments or improvements the Buckeyes can make are set to be showcased after a week of practice. OSU is scheduled to take on Penn State on Saturday in State College, Pa. Kickoff is set for 8 p.m. read more

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