Industry Reacts to September Employment Report

first_img Share Save About Author: Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe October 6, 2017 1,214 Views Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Tagged with: Employment Report hurricane harvey Hurricane Irma Previous: Inclusionary Housing: A Potential Solution? Next: Mortgages Facing Risk of Fraud The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Related Articles The U.S. Department of Labor released its September 2017 Employment Situation Friday revealing that the effects of Hurricanes Harvey and Irma caused no distinct changes in the overall unemployment rate. However, according to an industry expert, the areas the hurricanes did effect could boost residential construction jobs going forward.According to the report, non-farm payroll experiences a 33,000 jobs decline, likely due to the hurricanes. Food services and drinking places also felt the impact with a 105,000 job loss compared to their 12-month trend of adding 24,000 jobs a month.First American Chief Economist Mark Fleming said the good news is that the impact is only temporary and is expected to rebound quickly based on the trends that were seen after Katrina.“Demand for construction workers is likely to reap the benefits of the disaster driven need for repair and rehabilitation demand,” Fleming said. “Hurricane Harvey significantly damaged or destroyed more than 30,000 homes and Irma similarly damaged over 4,000 homes.”Residential construction employment also declined by 3,900 with plumbers, electricians, and other specialized labor associated with renovation projects seeing the brunt of the decline. However, Doug Duncan, Chief Economist at Fannie Mae, said the headline-grabbing drop shouldn’t come as a surprise.“The Bureau of Labor Statistics noted that the number of workers who had a job but were not at work due to bad weather jumped to a two-decade high,” Duncan said. “The hurricane impact will dissipate over time, as we have observed during the aftermaths of previous major storms.”Source: BloombergSource: BloombergAfter its release, the U.S. markets reacted, as well. According to Bloomberg Markets, Treasury bond buyers looked past the decline and focused on average hourly earnings and higher participation rates. Stock investors, on the other hand, didn’t react positively, as a rise in average hourly earnings could lead to higher labor costs for large companiesBrett Ewing, Chief Market Strategist from First Franklin Financial Services, said the effect these numbers will have on the Fed and monetary policy could go either way. Though the Fed has said that low inflation numbers are transitory, their expectations for it to change continue to be pushed out.“In June [Janet Yellen] said it was a couple month blip and in her latest press conference she said it could be a year before it starts showing up,” Ewing said. “Translation: they have no idea.”center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Industry Reacts to September Employment Report Home / Daily Dose / Industry Reacts to September Employment Report The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Employment Report hurricane harvey Hurricane Irma 2017-10-06 Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Personnel Today Awards 2001 update

first_imgPersonnel Today Awards 2001 updateOn 4 Sep 2001 in Personnel Today Comments are closed. Shortlisted teams for the MicrosoftGreat Plains Award for Excellence in HR Through TechnologyThisaward is aimed at HR teams who have seized the opportunities offered bysoftware and Internet solutions to deliver tangible benefits to theirorganisations.  The judge will look forevidence of technology’s full impact in meeting strategic objectivesLloydsTSBCentre for Career Management Whatthe team didLloydsTSB launched its Centre for Career Management in February 2000 to provide allemployees with information and guidance on their careers with the company. Itincludes a website on the corporate intranet and the University for LearningTSB website, which has a range of careers information and self-assessmenttools. The centre also provides advice on careers and learning opportunitiesthrough the HR call centre and gives access to coaches who offer careers adviceon a one-to-one basis.RobBriggs, senior manager of the Centre for Career Management, says the intranetplays a fundamental role in employees’ career development. It gives staffinformation on vacancies in the various business units in the group andincorporates learning maps that outline the knowledge, skills and competenciesrequired for each role.Whythey did itAstaff survey showed in 1999 that 65 per cent of employees were unhappy with theinformation available to them to help them manage their careers in Lloyds TSBand 75 per cent were dissatisfied with career opportunities within the group.”Over the last 10 years the organisation had been telling its employees itwas their responsibility to manage their careers but there was no constructivesupport to enable them to do that. There was a perception that there was a lackof career opportunities but in reality there were more since the merger thanever before,” says Briggs.Benefitsand achievementsTheCentre for Career Management is available to all Lloyds TSB’s 60,000 employeesand is one of the most visited sites on the corporate intranet with more than200,000 hits since it was launched. The centre has been responsible for a25-point increase in satisfaction among employees with career developmentopportunities at Lloyds TSB, according to staff attitude surveys. The centrehas helped reduce turnover rates of employees with less than one year’sservice, increase the proportion of women in senior management from 11.7 percent to 14.4 per cent and boost the proportion of ethnic minorities in seniormanagement from 0.7 per cent to 1 per cent.TheteamNumberin team 4 Staff responsible for 1,100 in HR department, 60,000employees nationallySenior manager, Centre for Career Management Rob BriggsCareer management consultant Sheila BoothCareer management consultant Angie CharlesHead of career management Jacey GrahamCareer management consultant Geoff PalinICLDelivering Through e-HRWhatthe team didITsolutions company ICL has developed its intranet to enable employees to benefitfrom e-learning, allow them to adjust their HR records and make choices on benefits.One of the most important sites on the intranet is the Learning Gateway, adatabase with more than 5,000 learning options incorporating online, CD Rom,classroom courses, books and videos. In addition there is a community homepagewhich links to a range of material including management development, personalprofiling and online libraries.ICLhas also developed a Personal Choices site, which enables employees to choosetheir benefits online. The site also allows ICL employees to organise travel servicesand health club membership at preferential rates. ICL’s most recent e-HRdevelopment is its Self-Service portal, which enables employees to view andmake adjustments to their HR records, including updating personal informationand ordering equipment such as IT software and mobile phones. Group employmentmanager Deirdre Murphy expects 35 per cent of ICL’s employees to be mobileworkers by 2002 and she says the intranet would enable all staff to accessinformation and e-learning so they can work effectively either from home orremotely.Whythey did itICLbelieves that in order to compete effectively it needs to allow its employeesto make full use of the opportunities technology affords. “It was part ofour e-ICL programme. We provided a portal for our suppliers and customers. Weused that same philosophy in terms of our employees,” Murphy explains.”We are in e-business and we want to make sure we reflect that in the waywe operate as company.”Benefitsand achievementsIntranetdevelopments have allowed ICL to improve the efficiency of administration andallows the HR function to concentrate on supporting managers and employees tomeet the needs of the business and employees. “Our employees like the factthey can access information directly as well as the ease of use. It hasprovided costs savings as well as benefits in terms of speed. Streamlining thebusiness has proved a major benefit,” Murphy adds.TheteamNumberin team 180 in departmentStaff responsible for 11,000 nationallyInternational communications manager Vanessa BrewerPeople development coordinator Carole HoughtonTeam administrator Daljeet PallInternational communications assistant Robert StephensonGroup employment manager Deirdre MurphyBritannicMoneyMaximising Workforce EngagementWhatthe team didBritannicMoney has worked with Ceridian HR to introduce an e-HR system that is cost andtime effective, requires minimum in-house IT support and reduces theadministrative burden on HR and payroll. The new system has helped the BritannicMoney HR team and managers slash the amount of time spent on recruitment andflexible benefits administration as well as monitor staff training. HRdirector Anne Ridge explains, “We have streamlined our recruitment processsignificantly. We can turn things around much more quickly for our applicantsand save time for our staff.”Ridgesays the system enables Britannic Money to improve the way it administers itsflexible benefits package, reducing both administration time and cost. Itallows HR administrators and payroll staff to change staff benefits on-line,such as family private health insurance, travel insurance, retail vouchers andpensions. Line managers and employees will soon be able to benefit from aself-service facility on the intranet, which will allow them to input absenceand overtime data, amend personal details and book training courses.Whythey did itAswell as the obvious business benefits provided by the new e-HR approach, Ridgesays it also frees up the HR team to add value to the company. “It hashelped our HR people to add value to their own careers and the business ratherthan spending time inputting information,” she says.Benefitsand achievementsQuickerrecruitment administration has helped Britannic Money’s recruitment drive toemploy more than 100 additional staff during 2001. It has also cut thepreviously high cost of external administration of flexible benefits for newmembers of staff to no cost and has given directors and managers access toreal-time management information. The system allows the HR team to record,monitor and evaluate staff training to enable Britannic Money to help itacquire a banking licence – one of its key corporate objectives for 2001.TheteamNumberin team 7 in project team, 10 in HR teamStaff responsible for 440Head of human resources Sharon DouglasCompensation and benefits manager Julie QuickHR adviser Sarah KesnerHR director Anne RidgeJudge’scommentJohn Cooper, European managing director,Concours GroupLloydsTSB “Thebefore and after measures for career management and opportunities demonstratedthe value of the investment. It is very much an employee-centric solution thatdelivers immediate benefits to the business.”BritannicMoney”Aninnovative approach and successful implementation through close team workingwith the external supplier. It delivered measurable financial benefits in termsof reduced costs in both HR management and IT delivery.”ICL”Caf‚VIK and the supporting e-HR programmes go past HR productivity to employeeproductivity by providing access to knowledge. It also recognised thatknowledge workers value being part of a community and provided a means ofachieving this in a virtual way for a distributed workforce.” Previous Article Next Article Related posts:No related photos.last_img read more

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PBK welcomes new members

first_imgAdams: Daniel Eric Herz-Roiphe, social studies; Xin Pan, applied math; Koning Shen, chemical and physical biology; and Lena Yuan-Ning Young, organismic and evolutionary biology.Cabot: Stacy Lynn Carlson, economics; Zhou Fan, math; Jessica Nicole Lacy, chemistry; Matthew Jacob Rubenstein, economics; Alice Tzeng, chemical and physical biology; and Michael Anthony Viscardi, math.Currier: Amanda Roman Mangaser, government.Dunster: Victoria Simone Dubnow Aschheim, music; and Andrei Cristea, economics.Eliot: HyunJin Kim, social studies; and Alexandra Attkisson Petri, English.Kirkland: Trevor Jon Bakker, social studies; and Katherine Martelle Thompson, African and African American studies.Leverett: David Daniel Aguilar, psychology; Jeremy Mark Booher, math; Kristen Elizabeth Calandrelli, anthropology; Kaitlyn Ella Coil, chemical and physical biology; Diane Beatrix de Gramont, social studies; Rachel Ann Esplin, East Asian studies; Judith Ellen Fan, neurobiology; John McLean Kearney, physics; Eva Zhen Lam, social studies; and Matthew Ka Loong Lee, economics.Lowell: Nour Kibbi, history of science; Charles Richard Melvoin, history and literature; Christopher Andrew Oland, engineering sciences; Julia Anne Rudolf, human evolutionary biology; and Yifan Zhang, economics.Mather: Matthew Ross Bloom, history; Catherine Martha Sirois, sociology; and Roxolana Wacyk, economics.Pforzheimer: Gage Russell Caligaris, applied math; and Melissa Tran, sociology.Quincy: Tamar Holoshitz, linguistics; Laura Beth Kaplan, history; Caitlin Marie Kennedy Marquis, history of art and architecture; and Joseph Paul Zimmerman, computer science.Winthrop: Sebastien Dominik Arnold, history; Ilan Joseph Caplan, music; John Paul Fred Chilazi, economics; Daniela Franca  Joffe, literature; Gerald Chunt-Sein Tiu, chemical and physical biology; Pierce Tria, government; and Harold Yihao Wu, music. The Harvard College chapter of Phi Beta Kappa (PBK), Alpha Iota of Massachusetts, has elected 48 seniors to its Class of 2010.The Alpha Iota of Massachusetts chapter of Phi Beta Kappa was first established under a charter in 1779. Shifting from a social and debating club in its early years to an undergraduate honor society in the 19th century, PBK is known as the oldest academic honor society in the country.Phi Beta Kappa’s national mission is to foster and recognize excellence in the liberal arts and sciences, and election to Alpha Iota of Massachusetts signifies that an undergraduate has demonstrated excellence, reach, originality, and rigor in his or her course of study. The honor society recognizes students whose course work demonstrates not only high achievement, but also breadth of interest, depth of understanding, and intellectual honesty. Twenty-four juniors are elected each spring, 48 seniors each fall, and a further number sufficient to bring the total membership to no more than 10 percent of the graduating class in the final election shortly before Commencement.Elected seniors include:last_img read more

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Titan LNG Conducts 1st LNG Bunkering in Port of IJmuiden

first_imgDutch LNG supplier Titan LNG has completed the first-ever LNG bunkering at the Port of IJmuiden, North Holland.Carried out in cooperation with the port and the OD IJmond on November 4, the operation included the first bunkering of LNG to the Werkendam, an LNG-powered crane vessel owned by Paans Van Oord.“This first for the Port of IJmuiden is another important step for LNG bunkering, the port is strategically located for bunkering activities and the operation today further acknowledges our strong track record in LNG bunkering,” Jippe van Eijnatten, director business development at Titan LNG, said.“The permitting process was thorough and in good cooperation with OD IJmond and Port of IJmuiden.”“Having LNG powered vessels work in our port area is great for the local emissions and of course they should be able to bunker as efficient as normal MGO, this LNG bunkering is a great step forward,” Margot Michielse of The Omgevingsdienst IJmond/Velsen commented.Titan LNG has delivered the first LNG bunkering in the port of IJmuiden to the vessel ‘Werkendam’, via truck-to-ship. #Anothermilestone. We thank #ODIJmond & #VanOord for their cooperation and support.#LNGBunkering #ODIJmond #Werkendam #VanOord https://t.co/J2PFLzKDMT pic.twitter.com/eK6G4EvLYn— Titan LNG (@TitanLNG) November 5, 2019The Werkendam is fully powered by LNG, with gas oil as a back-up. The installed tank capacity on the aft deck can store 35 cbm LNG on board. In comparison with diesel, LNG emits 80% less particulate matter and 70% less nitrogen oxides. A CO2 reduction of around 25% is also achieved.In July this year, Titan LNG also completed the world’s largest LNG bunkering to date involving Heerema Marine Contractors’ new semi-submersible crane vessel. The dual-fuel ship Sleipnir was supplied with LNG offshore Sumatra, South East Asia.last_img read more

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Bielema makes case for Clay, Borland

first_imgWisconsin head coach Bret Bielema gives an inspiring speech to his kick off coverage unit after a Badger touchdown Saturday.[/media-credit]Following a 26-carry day that produced 151 rushing yards and a touchdown against Michigan, Wisconsin football head coach Bret Bielema pointed out the finer points in the maturation of redshirt sophomore running back John Clay.“I really thought John Clay probably would be our premier back,” Bielema said. “I really like what he’s begun to do, preparation-wise. Everyone wants to pay attention to his statistics, (but) he had a couple really nice blitz pick-ups Saturday on some play-action passes.“Sunday … I went to my coaches about All-Big Ten nominees … you know, offensive player of the year — John Clay has just as good [of] a right to say that he has that as anybody.”Clay has 12 touchdowns on the season and 1,124 rushing yards. He’s averaging just over five yards per carry in a strong second-year campaign.Michigan looked vulnerable against the run Saturday, allowing two touchdowns on 229 net rushing yards.“At Wisconsin, we really believe we should be able to run the football,” Bielema said. “It’s one of the keys to our success.”Badgers Facing Former CoachSaturday marks the first time UW faces former Wisconsin defensive coordinator Mike Hankwitz. Hankwitz served on the Badger coaching staff during the 2006 and 2007 seasons before being let go. He signed with Northwestern in January 2008.“We knew this day was coming,” Bielema said. “It’s something I addressed to the players … it’s definitely something I know is being brought up down there and is up here as well.”Northwestern’s defense has improved since the addition of Hankwitz. They went from allowing 31 points per game in 2007 to just 20.15 last year, ranking fourth in the Big Ten and 27th in the nation.While at Wisconsin, Hankwitz led the Badgers in 2006 to remarkable numbers. Wisconsin ranked second in the nation in scoring defense, allowing just above 12 points a game, and fifth in total defensive yards, yielding 253.1.The following year, however, the Badgers saw marked increases in both numbers. Opponents scored 23.2 points and gained 356.6 yards per game.“Whenever you decide to make a change like that, it’s a very difficult situation,” Bielema said. “Business is business and personal is personal. I really felt at the time I needed to make a change … but I’m sure I’m not very popular in the Hankwitz household.”Bielema Praises Bscherer/Oglesby Will Need SurgeryRedshirt junior Jake Bscherer got the start against Michigan Saturday at right tackle, filling in for the still-ailing redshirt sophomore starter Josh Oglesby. Bscherer started the season at left guard but lost his spot when Big Ten play started. He returned to starting when Oglesby went down the week before at Indiana with a left knee injury.Bielema asserted that Bscherer was set to start Saturday because the team doctor advised against playing Oglesby.“If Josh looked really good, (we would have played him),” Bielema said. “But [Bscherer] did enough positive things in a tough match-up and, actually, did the week before when he was called into action. I wasn’t at that point ready to take [Bscherer] out of that role.”Bielema also said that Oglesby will need surgery following the season, on both the left knee he injured at Indiana, and the right that had been nagging him going into that game.“I give [Oglesby] credit,” Bielema said. “He’s a guy who’s going to need surgery at the end of the year … but he’s a guy who’s really sucked it up.”Bscherer and the rest of the offensive line held their own against Michigan, opening up the running game and keeping the opposing front to just two sacks.Chris Borland — Freshman of the Year?Bielema praised freshman starting linebacker Chris Borland for his play this year, naming him as his choice for Big Ten freshman of the year.“Chris Borland, if there is a freshman in the league that has had more of an effect on a team, I would be surprised,” Bielema said. “He’s been a defensive MVP of the league, special teams MVP of the league, he’s one of two or three players in the entire world of college football that has three forced fumbles and three fumble recoveries, in addition to a blocked punt and a kickoff return. Probably to seal the deal, I should probably let him kick a field goal.“If there’s a freshman in this league that has had more of an effect on a team that’s in the upper half of its division, then I’d be surprised.”Borland led the Badgers with 11 tackles Saturday, with seven solo tackles. He also had half a sack.last_img read more

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Kirk Herbstreit will be ‘shocked’ if NFL, college football happen in 2020

first_imgESPN “College GameDay” analyst Kirk Herbstreit’s comments on ESPN radio Thursday night paint a picture nobody wants to see.  “I’ll be shocked if we have NFL football this fall,” Herbstreit said, via TMZ Sports. “If we have college football, I’ll be so surprised if that happens.” MORE: Six things we learned from Steph Curry’s chat with Dr. FauciHerbstreit’s comments might be jarring, but they should be taken seriously. As of Friday morning, there were more than 85,000 confirmed cases of COVID-19 in the United States.  Spring football was mostly wiped out across the FBS, and most media days take place in early July. The NFL Draft is still scheduled for April 23-25, but public events associated with the draft have been canceled.  Before the NCAA basketball tournament was canceled, the conference tournaments attempted to have games that were not open to the public. That is one of the potential hurdles that will need to be addressed with football.   “You’re 12 to 18 months from a vaccine,” Herbstreit said. “I don’t know how you let these guys go into locker rooms and let stadiums be filled up and how you can play ball. I just don’t know how you can do it with the optics of it.” The NFL regular season is set to begin Sept. 10. The college football season is scheduled to start Aug. 29 — with a season-opening game between Notre Dame and Navy in Dublin, Ireland. That is yet another layer that needs discussed given the COVID-19 outbreak in Europe. These dates are not as far off as they seem.  “As much as I hate to say it, I think we’re scratching the surface of where this thing is going to go,” Herbstreit said. The spread of COVID-19 in the United States has put the sports world on hold. The NBA, NHL, MLB and MLS seasons are on hold, and the NCAA men’s basketball tournament was canceled.Will football be next? last_img read more

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Seattle wears the villain’s hat for SB

first_imgSeattle Seahawks running back Marshawn Lynch, left, laughs along side teammate Michael Robinson as the participate in a media availability Thursday, Jan. 30, 2014, in Jersey City, N.J. (AP Photo)JERSEY CITY, N.J. (AP) — Down at the end of a hotel hallway, about 50 people gathered along with a dozen television cameras to record the thoughts of a running back who doesn’t much like the idea of sharing his thoughts.Marshawn Lynch was in true Beast Mode, though he surely couldn’t appreciate the irony he was actually helping fuel the insatiable beast that is the media surrounding the Super Bowl at a time the game was in need of another good story line.“I’m here, man,” Lynch said. “So, I don’t have to pay the fine, boss.”Lynch likely succeeded in that mission, escaping the wrath of the NFL for not speaking with the media. But the image of him glaring out from beneath a hat and hoodie, gold headphones on top of his head, may be one that sticks this week with the Seattle Seahawks, just as sure as Richard Sherman’s postgame rant did the week before.They’re the designated bad guys in this Super Bowl. And they seem to be enjoying the role.“What is there to get?” asked receiver Doug Baldwin. “He doesn’t like talking to the media.”Worse crimes have been committed, of course, and there are more than enough other players on the Seahawks to fill the void. Sherman himself has emerged as a loquacious spokesman for the team, showing a great depth of thought while answering all questions that have come his way.But a team built behind a ferocious defense by a coach who left the college ranks under a cloud has some rough edges around it. Chief among them is the suspension of seven Seattle players for substance-abuse or performance-enhancing drugs violations by the NFL since 2011.Matched up against Peyton Manning’s great season and his quest for a second Super Bowl ring late in his career, and it’s easy enough to paint the Seahawks in the role of villain.“We don’t worry about reputations and things like that,” said Sherman, who himself was suspended by the league last season for PEDs before winning an appeal. “We worry about football and we have a tremendous football team that goes out there and executes week in and week out. At the end of the day this is the NFL and that’s all that matters.”At the end of the day, the Seahawks are in the Super Bowl, too, which is all that matters to any NFL team. They’ve also got a bit of a different take on the teammates they spend most waking hours with than the media that gets a glimpse just here and there of their varied personalities.That showed with their spirited defense of Sherman in the wake of his tirade against Michael Crabtree following the spectacular play that beat the San Francisco 49ers and put the Seahawks in the Super Bowl. And they were more than happy to line up in support of Lynch’s right to do whatever he wants leading up to the big game.“He’s a misunderstood person, a great guy off the field,” linebacker Bobby Wagner said. “He’s been through a lot in his life and sometimes the media puts words in your mouth and makes a guy mad. He’s not the person you want to make mad.”Still, it was telling that the first two questions to coach Pete Carroll at his Wednesday press conference weren’t about how to defend Manning or stop the touchdown scoring machine that is the Denver Broncos. Instead, they were about Lynch’s refusal to talk and the perception that the vaunted Seattle defense was built on the backs of players taking banned PEDs.Carroll’s answers often meander on any topic, and this one was no different. He talked about how his team is young but is learning from its mistakes and that he doesn’t mind allowing them to be individuals as long as they stay within the team concept.He said the coaching staff has constantly preached the message of having to play clean, despite the suspension as recently as last month by cornerback Brandon Browner for substance abuse and cornerback Walter Thurmond in late November for the same thing.“I’m not concerned about the message,” Carroll said. “We would like to do right and get better, so we’re trying to improve and learn from everything that comes along.”What comes along next is the biggest game any of the Seahawks have ever played. Much has been made of the fact it’s the first Super Bowl any of them will play in, and they’ve made much of their intention to play it as physical as any game they’ve ever played.Odds are they’ll deliver on that promise, though that’s no guarantee of success against Manning and Denver’s precision offense. Seattle isn’t likely to win a shootout, but most handicappers like the Seahawks to win their first Super Bowl trophy if the defense plays like it has all season and Lynch runs the ball effectively.If that happens, all the talk about bad behavior will suddenly go away.And chances are Lynch might even have something to say about that.____Tim Dahlberg is a national sports columnist for The Associated Press. Write to him at [email protected] or http://twitter.com/timdahlberglast_img read more

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