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Krejci's power-play goal tied it 2-2 at 4:37 of the third period. The center scored on a slap shot from the top of the right circle through traffic.
The Bruins again weren't able to keep the score tied for long Backstrom scored at 5:46 to give the Capitals a 3-2 lead. Backstrom took a wrist shot from the top of the left circle on the rush and beat Halak to the far post.
"It's frustrating," Boston forward Brad Marchand said. "When you get back in the game like that you want to try to stay with that momentum, and it seemed like every time we got a goal there they scored right after. So it's tough to win when you do that. But we had a good game. I mean we could've easily won that game, their goalie had a lot of good saves, but that's how it goes sometimes."
Ovechkin scored an empty-net goal with 1:35 remaining for the 4-2 final.
With his second goal, Ovechkin passed Bobby Hull for 50th on the NHL points list with 1,171. Ovechkin has 639 goals, one behind Dave Andreychuk for 14th. He leads the NHL with 32 goals. … The Capitals have won their past seven games here. Boston's last home win against Washington was March 6, 2014.
Precious metals markets opened firmer this morning as the passage of the austerity budget measures by the Italian Senate gave comfort to certain market participants who have been pinning hopes (and trading positions) on the avoidance of a euro-zone meltdown lately. Gold received a $14 lift out of the starting gate and traded at $1,772 the ounce. The $1,730-$1,780 channel appears to be confining the yellow metal for the moment, but do not discount the possibility of out-sized moves yet to come - it all hinges on news from Europe at this time. The Dow surged by over 200 points on the Italian Senate news, for example. Let's see: Dow up = Can gold be far behind? That's the new "normal" for ya. Gracias, hedge funds. De nada.
Silver made a tenuous, six-cent advance to open at $34.09 but fell back to under the round figure shortly after it opened. The white metal continues to exhibit a worrisome disconnect vis a vis gold and its reluctance to join the euro-optimism-engendered party might not bode well for it, or for gold in the medium-term. There was a small amount of trading room chatter yesterday about some MFG positions being unwound but we have no specific confirmation on that matter. Something that is on the other hand confirmed in the wake of the MF debacle is the fact that the CFTC is now reviewing about 120 other futures brokers in order to make sure that they are segregating customer funds from house funds.
In other global news, China's trade surplus broadened last month but by less than had been projected by economists, as some of its key export recipients appear to be slowing down (see: Europe). Even some commodity-centric economies such as Canada appear to be experiencing an ebb in Chinese imports at this time. Earlier this week, commodity bulls ascertained the news of cooling inflation in China as a major positive.
"Not so fast," we might say. More importantly than the inflation metrics, China's bank lending activity swelled in October (to $9.27 billion). The analytical team over at Standard Bank (SA) feels that China's recent inflation figure does lend support on the downside to industrial metals but that its lending data tends to have the second-largest influence on commodity prices. Such data, "within the context of a Chinese clamp-down on inflation, remains one of the greatest obstacles to stronger commodity demand and greater support for prices." The SB team opines that until '"substantial" easing takes place in China demand for industrial commodities should remain "lacklustre." There might be exceptions to that rule; see the next section.
Platinum gained $13 this morning and it opened with a bid of $1,633 per ounce while palladium advanced $6 to start the final session of the week off at $653 the ounce. No change was reported in rhodium at $1,675 bid. The fundamentals' related picture in the platinum-group metals space continues to show supportive conditions for medium-term price improvement in them. The supply/demand paradigm in the group is unlike that which is currently at play in either the gold or the silver markets.
A notable decline in mining output (down 5.4% on a year-on-year basis) coming from South Africa was heavily influenced by a shrinkage in the production of mined platinum-group metals. The ebb in pgm output was responsible for more than a third of the overall mine output decline. Meanwhile, Mining Weekly reports that palladium demand is expected to grow by 5.8% annually, from 2010 to 2020 and reach a level above 10 million ounces. A "significant" shortfall in supply might materialize in palladium before 2015 and the surplus that the market has tallied in the past six years could evaporate along with the inventory of Russian state-owned metal next year.
"Gold mining stocks used to be thought of as "leveraged plays on gold". If that were actually true, these stocks would have done their job for investors over the last few years as the price of gold has soared. But these stocks have been moribund and awful, an unforgivable sin. They've wrecked the opportunity for their shareholders through dilutive secondaries, insider sales and hedges. $GDX is up from 56 to 60 since the first quarter of 2008, an absolute joke when you consider that the metal itself (look at $GLD) has doubled in value. The failure of the large cap miners to capture that for holders is epic and should be a much bigger story.
"In fact, not only are the miners not leveraged plays on gold, now the opposite is true: they are discounted plays on gold. In fact, some of them would be worth more if there were only the actual ore reserves and no corporate apparatus sucking the good stuff out in the name of "value creation". Perhaps this is what's attracted Einhorn's fund to them in the first place but he should understand that a miner will part from his mining operation when you pry the shovel from his cold, dead hands - there will be no "constructive discussions with management about unlocking shareholder value" in this sector.
Thursday's sizeable sell-off in gold (to just under $1,735) gave way to this morning's partial buying back of positions basically in lockstep with the ebb and flow of speculative fear and/or optimism related to the European turmoil. Whether or not gold ekes out a gain on the week may not be as material as the fact that this week witnessed the return of significant volatility and non-traditional correlations (see: equities) in the yellow metal. Bullion is still largely being treated as an "opportunity" trade and less like a shelter from the financial storm that is sweeping Europe. Given the intensity of the drama of the past ten days, the real question to ask is why gold has not taken out its previous highs by some hefty margin already.
At any rate, the aforementioned drama is showing some incipient signs of de-escalation now that Greece has a new Prime Minister and now that Italy is about to get one as well. The passage of the belt-tightening measures by the Italian Senate basically paves the way for the country's President, Mr. Napolitano, to offer the PM job to former EU commissioner Mario Monti perhaps as early as Sunday. Mr. Monti will certainly have a job best suited to "Super Mario" when he takes the helm of the badly listing Italian ship.
However, that vessel is not suffering from a fatal hull breach, as many fear-mongering newsletters might have you believe. In fact, Italy's deficit-to-GDP (at 4.6% last year) is not unlike that of...Germany (at 4.3%) and is in fact smaller than that of France. Of course deficit is not the same as debt, and we do not mean to minimize the urgency of having to slash the 120% of GDP debt ratio that the country currently finds itself in. But if you ask "Will Italy pull through this?" then we would offer you a resounding "Why, yes, of course it will."
Something else that doomsday newsletters have been latching onto of late is the idea that the ECB will print mountains of money and turn into the lender of last resort to the region's troubled entities. Despite assertions from the ECB's Juergen Stark to the contrary, the chants of "Print! Buy Bonds! Print!" and the putative hyperinflation that such a strategy will "invariably" give birth to, have grown louder this week.
One such "singer" is none other than Portuguese President Anibal Cavaco Silva. Of course, he did not mention what 'benefits' such a program might have for the shaky bonds being issued by...Portugal. At least as far as another ECB Council member, Mr. Klaas Knot, is concerned, Mr. Silva might have to keep his hopes on ice in a glass of fine Porto for a while.
Mr. Knot asserted yesterday that the ECB "can't do much more" to fix the debt crisis and that the institution is not amenable to ratchet up its bond purchases just to assuage the anxiety-ridden markets (and government officials such as Mr. Silva) out there. BTW, if you are wondering why Mr. Silva might be so...vocal, consider the little factoid that the cost to insure Portugal's bonds against default stands at 1,072 basis points versus 569 b.p. for Italy and 93 (!) for Germany and that the Portuguese economy is slated to shrink some 3% in 2012. The philosophical debate in the EU is once again (after the immediate 'fire' is extinguished) shifting towards whether or not the ECB (and/or the EU plus the IMF) should pay for the former lack of discipline and restraint by some of its members.
One EU member who is furious these days is France. A major "faux pas" by rating cop firm S&P has resulted in an outburst of critical words by French Finance Minister Francois Baroin. S&P is saying that a "technical error" caused the automatic dissemination of a note to clients that it intends to downgrade its view of France's economy.
We leave you now with some very fun material to ponder and gawk at during the weekend. Our friends at GoldBarsWorldwide.com have just updated their supplement pages to include some stunning facts and images relating to the American Eagle and American Buffalo coin ranges. The in-depth descriptions and production details alone are worth your visit if you are an American coin aficionado.
According to the rumors, the 2018 iPad Pros are expected to feature Face ID. We have seen evidence of that in the iOS 12 code, although for the most part many seem to believe that Face ID will only work in landscape mode. However according to a tweet by 9to5Mac’s Guilherme Rambo, it looks like it will work in portrait mode as well.
This is according to Rambo’s teardown of the iOS 12.1 beta in which more code was found referencing Face ID on the iPad Pro, as well as strings that suggest that the feature could be used in portrait mode. We’re not 100% sure how that will work given the orientation and placement of the cameras, but we suppose Apple has figured out a way and we should be able to find out for ourselves soon.
Some comments have also suggested that if it could work in multiple orientations for the iPad Pro, then maybe a software update could get it to work the same for the iPhone, assuming that they’re all using the same hardware. In any case like we said, we should have all the official details soon as Apple is expected to unveil the new iPad Pros at an event that they’ve scheduled for the 30th of October where Apple is also expected to unveil new and updated Mac computers.
Filed in Apple >Rumors >Tablets. Read more about Face Id, iOS, iOS 12, iPad, Ipad Pro and Security.
When you think “green jobs,” do you conjure images of green hard hats, caulk guns, and tool belts? Well it might be time to start thinking about “green” lab beakers, “green” drafting tables and “green” brief cases as well, because the careers needed to secure competitive clean energy industries will also run the gamut from cutting-edge researchers and high-tech engineers to innovative designers and fearless entrepreneurs, according to Dr. Henry Kelly, Principal Deputy Assistant Secretary at the U.S. Department of Energy’s Office of Renewable Energy and Energy Efficiency.
So what is a green job? Well green jobs are architects and engineers that build buildings, design buildings that operate at extremely low energy use. They are people that design, manufacture, and install devices in buildings ranging from high-tech windows to lighting to sensors and controls and electronics. It means looking at radically new industrial processes which simply replace previous kinds of industrial manufacturing with sophisticated bionumetics and nanotech approaches, to cutting down the material intensity and energy intensity of production, this is the kind of thing you need to do to stay competitive in the modern world.
If you look at what the nation’s transportation system is going to look like, Henry Ford looks like he’s toast, it’s going to be replaced with an entirely new generation of either extremely high efficiency fuel powered vehicles, electric vehicles, perhaps even hydrogen fuel cells — the people that make and maintain these are going to be operating in a different world that’s an enormously sophisticated operation.
If you’re looking at where power comes from, of course you have the entire range of science and engineering involved, you mentioned we’re relying on geologists to tell us how to get geothermal energy, getting very sophisticate semiconductor manufacturers involved in the production of solar cells and CSP, if you look at biologically based fuels and materials, some of the most sophisticated biological processing techniques.
So this is an enormous range of skills, but apart from the technical skills you also need people who really understand the economics of finance … behavioral economics, people who understand policy, all of these qualify as green jobs and it touches I think almost every academic discipline.
The good news is that if we do this right we’re generating a lot of new interesting jobs, not just for sophisticated designers but for people who are manufacturing and operating these.
If you’re looking at how the U.S. fairs competitively, we have far from the most highly trained workforce. In fact we’re the only country in the top 20 OECD countries where … the average high school graduation rate is going down. We’re static in university degrees and other countries are bypassing us, and they’re getting degrees increasingly in the sophisticated subjects we need to move forward, both in energy and rebuilding our economy.
So we’re facing this tremendous dilemma, where we have these opportunities to rebuild the economy around sophisticated technology that’s clean, but the ability to turn out people who are able to actually take advantage of these opportunities is declining. It’s something we’re incredibly concerned about.
While attention has been paid in recent years to funding new training programs for “green collar” technicians, building trades, and manufacturing positions, the federal government has only just begun to put resources towards training and empowering the wide variety of cutting-edge innovators, engineers, and entrepreneurs needed to stay competitive in the 21st century clean energy race.
With Asian and European competitors pulling farther and farther ahead in competitive clean technology sectors, the economic stakes of these investments are high.
“There’s little doubt we’re in a race for our lives to maintain our productivity and competitive edge to keep high tech manufacturing here in the U.S.” Dr. Kelly declared.
In 2007, Congress passed the Green Jobs Act which authorized $125 million in annual funding to develop training programs for workers in a variety of renewable energy and energy efficiency industries. The program was first funded with a $500 million chunk of the American Recovery and Reinvestment Act (the stimulus bill), and further funds were allocated in the climate bills now struggling to secure passage in Congress.
While the Green Jobs Act has advanced technical training programs at the nation’s community colleges and technical schools, funding to inspire and empower students at four-year institutions to enter a wide range of careers crucial to competition in the clean energy sector has languished in Congress.
In 2009, President Obama’s FY2010 budget included a new Department of Energy and National Science Foundation-run program called RE-ENERGYSE, the nation’s first program aimed at strengthening America’s position in clean energy education. Despite the urgent need for such a program, Congressional appropriators rejected the $125 million funding request.
The administration hasn’t relented, however, and RE-ENERGYSE is back in the new FY2011 budget request now on its way to Congress. The $74 million program would be the first small but critical step to re-energize a new generation of scientists, innovators, and entrepreneurs ready to tackle the United States’ energy and competitiveness challenges (see this fact sheet for more [PDF]).
Ultimately, however, greater funding will be necessary to help the next generation of intrepid American innovators rise to the nation’s clean energy challenges.
“In 1958, right after the Soviet Union launch Sputnik, the U.S. federal government authorized the National Defense Education Act, which invested billions of dollars over several years to try and regain our competitive edge in general science and engineering, and more specifically in the space race,” said Teryn Norris, the moderator of the panel, adviser at the Breakthrough Institute, and director of Americans for Energy Leadership, a student-led initiative campaigning across the country for investments in clean energy education and innovation.
With Americans facing a new race to dominate the high-tech fields of the 21st century, the federal government will ultimately need to secure investments on the scale of the National Defense Education Act to keep the nation’s competitive edge.
Dr. Kelly and Mr. Norris were joined on the panel by Dr. Lynn Orr, director of the Stanford Precourt Energy Institute and Camron Gorguinpour, director of Scientists and Engineers for America. You can watch a video of the panel here.
Nejla Y. Yatkin’s “Oasis,” which had its official U.S. premiere on Friday evening at the Bates Dance Festival, gives the impression of a piece of art that has been honed until every millimeter and nanosecond is full of intent and commitment, without sacrificing its raw emotional impact.
The hourlong multimedia dance has been in development for more than a year, with several preview performances, and it was abundantly clear Friday that Yatkin and the other six dancers of her company, NY2Dance, along with composer-musician Shamou, have used that time to refine its vision and execution.
Yatkin structured “Oasis” in outline form, with three main sections, each comprising several pieces. The sections are framed by projections of giant shadow puppets, a grandfather and granddaughter. Their discussion is framed by the Middle Eastern traditional tale of star-crossed lovers, “Leyla ile Mecnun” (performed by Yatkin and Fadi Khoury), used by the grandfather as an allegory of love and fear, conflict and peace, spiritual and material values.
Also clear was the level of interaction that had taken place between Yatkin and Shamou, the Maine-based Persian composer and former dancer — and Bates mainstay — who created the score in its multi-instrumental entirety.
Nary a note, beat or instrumentation wavered from the sense of inevitability that a good music-dance marriage should have, and the mood for each piece was gorgeously matched to its message. While maintaining consistent style and without jarring transitions, Shamou gave each piece its own distinct flavor, with remarkable texture within and among them.
“Oasis” is extremely bold in political terms, showing, rather graphically, Middle Eastern repression and the Arab Spring rebellion. Musically, thematically and choreographically, it embraces the culture that inspired it, presenting that culture with near-equal parts of celebration and mourning.
At times, the celebratory and mournful appeared almost simultaneously. In “The Covering,” women danced their grief wearing veils, and the veils conveyed less repression than a sense of connection. Then they danced with wildness, unveiled, and other dancers arrived to veil them, depicting suffocation and violation.
A long-haired young man (Shay Bares) had burst onto the stage dancing joyfully and he was veiled, too, and further degraded by being feminized, with what seemed to be a wedding headdress. He was literally objectified, as another dancer used various parts of his body as a table for pouring tea. Finally, in “Hafiz, the Dancing Boy,” he had belly dancers’ finger cymbals fixed to his fingers. At first, he balked, but then he entered into enjoyment of their clear, bell-like tones accompanying his sinuous torso rolls.
One piece, “Torture(d),” was somewhat uncomfortable to watch. Torture was presented graphically, but artistically and with a message; it simply went on a bit longer than seemed necessary to make its point.
Throughout “Oasis,” each dancer was absorbed in the story and choreography. Their steps weren’t flashy or extreme; instead, more impressively, they danced with absolute liquidity, precision and emotional commitment, and with single-organism interrelation.
“Oasis” is what every choreographer hopes for with a multimedia dance piece: seamless integration of each element. The puppet show (Iga Pusalski and Julien Smasal) is spoken (by Shamou and Lydia Myers) and is projected on a flowing fabric triptych that serves as set and prop for the dancers at other times, and as a screen for other projections (Patrick Lovejoy), including Arabic graffiti and inscriptions, and lighting effects (Ben Levine). The dancers also speak, during performance and pre-recorded. None of it seems out of place.
Yatkin’s choreography draws on both classic modern techniques and traditional Middle Eastern movement, but also perhaps on mime or even musical theater. Born of Turkish-Muslim parents and raised in Berlin, Germany, she studied “tanztheater” along with a variety of dance techniques. Her multifaceted background surely lies at the base of her striking originality, which has already won her multiple prestigious awards. Judging by “Oasis,” they are well-deserved.
Jennifer Brewer is a freelance writer who lives in Saco.
Ben Simmons' inaugural NBA All-Star Game experience was what he expected.
The 76ers point guard had fun and was relaxed while competing among the league's elite players in the Sunday night showcase at the Spectrum Center. And that's not surprising for the 2018 rookie of the year.
Simmons, who came off the bench, finished with 10 points, seven assists, six rebounds and a steal for Team LeBron in a 178-164 victory over Team Giannis. Sixers teammate Joel Embiid had 10 points, a game-high 12 rebounds, one assist, one steal and a block for Team Giannis is his second consecutive All-Star appearance.
The teams were named for the two conferences' top vote-getters, Giannis Antetokoumpo of the Milwaukee Bucks and LeBron James of the Lakers.
Simmons displayed solid defense in what is traditionally a defenseless exhibition game.
Eighteen seconds into the quarter, Simmons grabbed an offensive rebound and assisted on a James Harden 3-pointer. Any butterflies he had were surely gone at that point.
Simmons also competed Friday night at the Rising Stars Challenge during NBA All-Star weekend. But as expected, the All-Star Game was the most memorable part of his few days in the Queen City.
He enjoyed playing alongside Dwyane Wade, a future Hall of Famer who will retire at season's end. Simmons also mentioned how another future Hall of Famer, Dirk Nowitzki, hit a 3-pointer on him. Nowitzki also expected to retire after the season.
Simmons and Embiid were the first teammates Sixers named to the same All-Star Game since Allen Iverson and Dikembe Mutombo in 2002. Two of the league's best young stars, Simmons, 22, and Embiid, 24, are expected to make this an annual thing.
In addition to gaining bragging rights, Simmons learned from the veteran All-Stars. His takeaway from the weekend: The certain level of work one has to put in to be great.
Saturday’s 41-20 win over Auburn came at a good time for the Ole Miss football team. They get to enjoy their first conference win of the season, which broke a 16-game SEC losing skid, for another week with the bye week.
Sophomore slump: It’s is a common phrase in the sports world. It refers to a player who had a breakout rookie season and is experiencing difficulties in their second year when expectations are high for them to succeed. For Ole Miss women’s soccer goalkeeper Kelly McCormick, it’s been the exact opposite kind of sophomore season.
On the field after Ole Miss’ 41-20 win over Auburn, it was apparent just how much it meant to the Ole Miss program to snap its 16-game Southeastern Conference losing streak.
With the start of basketball season less than a month away, the Ole Miss athletics department generated excitement with Square Jam. On Friday night, following the homecoming parade, the men’s and women’s basketball teams began practice for the season outside on the Square, where a portable basketball court was set up in front of City Hall, along with lights, speakers and a smoke machine.
When someone is rated the No. 1 player in the state, expectations are through the roof. It was no different for sophomore wide receiver Vince Sanders when he came out of Noxubee County High School in 2010 rated the No. 1 player in Mississippi. Along with that came the stress of being a highly sought-after recruit and the ultimate decision of where to play college football.
Ole Miss isn’t sure what to expect from Auburn offensively on Saturday, but co-offensive coordinator Dan Werner knows exactly to expect when the Rebels’ offense takes the field Saturday against Auburn’s defense.
After two disappointing matches last weekend to Kentucky and Arkansas, the Lady Rebels hit the road this weekend to take on Florida Friday night and Georgia Sunday afternoon. Ole Miss (8-8, 2-5 SEC) only won one of the seven sets played last weekend.
The Ole Miss women’s soccer team is hitting the road yet again this weekend as they head to Nashville for a matchup with Vanderbilt and then to Columbia, S.C. for a showdown against the Lady Gamecocks.
After facing an effective scrambling quarterback this past weekend in freshman Johnny Manziel of Texas A&M, the Ole Miss defense will once again have to prepare for the unexpected when the Rebels (3-3, 0-2 SEC) take on Auburn (1-4, 0-3 SEC) on Saturday.
There were about seven minutes to go in the game, and Texas A&M was looking at a third-and-19 on its own three-yard line. Ole Miss was ahead 27-17, and many of the 55,343 spectators in Vaught-Hemingway Stadium were feeling relieved. The Rebels (3-3, 0-2 SEC) were close to getting their first Southeastern Conference win of the year and ending a 15-game SEC losing streak.
In the week leading up to this past Saturday’s game against Texas A&M, Ole Miss head coach Hugh Freeze spoke about his team needing to take the next step.
The Ole Miss women’s soccer team returned to the Ole Miss Soccer Stadium Friday night after a tough four-game road swing. The scoring woes continued for the Rebels as they fell to the Lady Bulldogs of Georgia 2-0.
You knew it was coming, right?
You knew what we’d be hearing as soon as the Memphis Grizzlies fell to No. 4 in the NBA draft.
Answer: Sigh. Do I really have to explain this all again?
The Grizzlies did not try to lose this past season. They tried to extend their playoff streak for an eighth straight year. That’s why they went out and spent money on free agents, one of whom worked out brilliantly (Tyreke Evans), one of whom was a flop (Ben McLemore).
But then Mike Conley got hurt. Chandler Parsons was his usual gimpy self. Marc Gasol clashed with the head coach, who was subsequently fired. The whole thing came off the rails.
Even then, the Grizzlies tried to keep winning. They even (stupidly) hung on to Evans through the trade deadline.
Because Grizzlies management didn’t think the team was bad enough to finish at the very bottom of the league anyway. In this, as in too many things of late, Grizzlies management was wrong.
So then, yes, the Grizzlies shifted their emphasis toward building for the future. They played their young guys, to get them experience. They rested Gasol in the second night of back-to-back games. In the process, they lost maybe half a dozen games they might otherwise have won.
If they had won those games, would the season have felt any more triumphant (or tolerable) for season-ticket holders?
No. It may have felt like the same miserable slog.
Should Grizzlies have won more?
As a consequence, though, the Grizzlies had the second-best chance of winning the No. 1 pick in the draft and were guaranteed to pick no lower than No. 5 .
They wound up falling to No. 4, which is too bad, because No. 1 or No. 2 would have been nice. But does it follow that they would have been better off winning a few more meaningless games?
Dallas won two more meaningless games than the Grizzlies and will be picking No. 5. Orlando won three more meaningless games than the Grizzlies and will be picking No. 6. Would that be better than picking No. 4?
Oh, and the team that figured out a way to lose one more game than the Grizzlies has the first pick in the draft.
So, no, the fact that the Grizzlies wound up with the No. 4 pick does not invalidate the team’s look-to-the-future approach to the last third of the season.
What should Grizzlies draft night be like?
What it will do — and this is unfortunate — is make it harder for the franchise to build enthusiasm for the coming year.
Lottery night is now seen as a disappointment. As further evidence that nothing goes right for this team. And no matter who the Grizzlies draft at No. 4, that player won’t generate the buzz of the players picked at No. 1 or No. 2.
Indeed, my best guess is that however disappointed fans feel about lottery night right now, they’ll be that much more disappointed about draft night when it is done.
Let’s assume Deandre Ayton, Luka Doncic and Marvin Bagley are gone before the Grizzlies pick. The people’s choice for the No. 4 pick will then likely be Missouri small forward Michael Porter Jr. (because he was a high school phenom) or possibly Oklahoma point guard Trae Young (because he’s electrifying).