The heady days of "Linsanity" are fading further from Knicks fans' minds after New York slumped to their sixth straight defeat with a 104-99 loss to the Chicago Bulls.
Jeremy Lin, whose meteoric rise from anonymous benchwarmer to NBAsensation set the Knicks alight last month, managed 15 points and eight assists but his effect on the team continues to dwindle as New York fell into a tie with Milwaukee for eighth in the Eastern Conference
Derrick Rose scored 32 points to power the Bulls to the Chicago win, giving the host Bulls an NBA-best 35-9 record with the 10th victory in their past 11 games.
Carlos Boozer and Taj Gibson each scored 15 points for the Bulls while Joakim Noah added 12 points and 10 rebounds and Gibson grabbed a game-high 13 rebounds for Chicago.
The Knicks suffered their sixth loss in a row and the seventh in their past eight games in falling to 18-24, level with Milwaukee for the eighth and final playoff spot in the Eastern Conference.
New York was led by 21 points from Carmelo Anthony, 20 points from Amare Stoudemire and 13 points and 10 rebounds from Tyson Chandler.
The Knicks have struggled since Anthony returned from an injury, unable to match the magic Lin mustered when he line-up was injury depleted.
Rose, last season's NBA Most Valuable Player, helped spark the Bulls when the Knicks stayed close at the finish.
Lin sank two free throws to pull the Knicks within 91-88 with 4:33 to play but the Bulls scored eight of the next 10 points, Rose hitting a layup and a slam dunk, to seize the biggest lead of the game at 99-90 with 1:37 to play.
A Chandler lay-up and Anthony three-pointer kept the Knicks close into the final seconds, but Kyle Korver sank three late free throws and Gibson slammed in a dunk with seven seconds remaining to seal New York's fate.
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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On racial profiling at airports
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SPECS
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Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
What is Bitcoin?
Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.
The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers.
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Match info
Huddersfield Town 0
Chelsea 3
Kante (34'), Jorginho (45' pen), Pedro (80')
