The story

July 17, 2013 Day 179 of the Fifth Year - History

July 17, 2013 Day 179 of the Fifth Year - History

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President Barack Obama talks with Richard Cordray in the Outer Oval Office prior to delivering remarks on Cordray's confirmation as Director of the Consumer Financial Protection Bureau in the State Dining Room of the White House, July 17, 2013.

10:00AM THE PRESIDENT and THE VICE PRESIDENT receive the Presidential Daily Briefing
Oval Office
Closed Press

10:50AM THE PRESIDENT delivers a statement on the confirmation of Richard Cordray as the Director of the Consumer Financial Protection Bureau
State Dining Room
Pooled Press (Pre-set: 9:45AM, Final Gather: 10:30AM - North Doors of the Palm Room)

Private Dining Room

CE and BCE are used in exactly the same way as the traditional abbreviations AD and BC.

  • AD is short for Anno Domini,
    Latin for year of the Lord.
  • BC is an abbreviation of Before Christ.

Because AD and BC hold religious (Christian) connotations, many prefer to use the more modern and neutral CE and BCE to indicate if a year is before or after year 1.

According to the international standard for calendar dates, ISO 8601, both systems are acceptable.

Dixon blames phony invoices, lax auditors for $54M fraud

Dixon's longtime city treasurer hid massive thefts by creating dozens of fictitious invoices for made-up capital projects, but auditors never took any of the standard steps to try to verify the work and didn't raise questions about problems with the paperwork, Dixon attorneys said Thursday.

Treasurer Rita Crundwell was able to steal nearly $54 million in city funds over more than two decades after a local bank allowed her to open a secret account in the city's name without proper documentation, the attorneys alleged.

The details came out at a downtown Chicago news conference a day after the city announced it has settled its lawsuit against the auditors and bank for $40 million. Attorney Devon Bruce, who represented Dixon in the lawsuit, shed more light on how Crundwell's schemes went on for 22 years without detection.

Crundwell, 60, who used the money to fund a lavish lifestyle and a horse-breeding operation, is serving a sentence of nearly 20 years in prison after pleading guilty to a single count of wire fraud and admitting to money laundering. She is appealing the sentence.

Bruce placed much of the blame for Crundwell's fraud going unnoticed for so long on the accounting firm of CliftonLarsonAllen, which had been doing financial work for Dixon since 1988. Bruce called the national firm's actions "grossly negligent."

"When you put these (invoices) in comparison to one another the discrepancies are obvious and should have been obvious for over 20 years to Clifton," he told reporters.

To justify the payment of city funds to the secret bank account, Crundwell created almost 180 invoices over two decades to make it appear the state was billing the city for work it had done in Dixon, Bruce said. The auditors, though, failed to notice that Crundwell's phony invoices contained misspellings and were not on state letterhead, he said. He also said the auditors didn't follow standard practices and try to verify the projects by calling the state, checking with a city engineer or personally examining the projects.

For at least two decades, the same auditors reviewing Dixon's finances were also preparing Crundwell's personal tax returns, but they failed to be alarmed by the hundreds of thousands of dollars she claimed in income a year on her returns even though she had no documentation, according to Bruce.

Under questioning as part of the lawsuit, the auditors acknowledged they assumed Crundwell made the money from her horse business. Her treasurer's post paid about $80,000 a year at the time of her April 2012 arrest.

CliftonLarsonAllen has agreed to pay the bulk of the settlement — $35.15 million. Ellen Trytek, chief marketing officer for the firm, declined to comment Thursday on specific actions the firm did or did not take, but the firm conceded it shared in the "responsibility for the fact that the fraud was not detected."

"The auditors, accountants, bankers and Ms. Crundwell's supervisors — the mayor and the City Council members — all need to look carefully to determine what they could have done to detect this," Trytek said in an email.

The Sterling, Ill., accounting firm of Janis Card Associates and owner Samuel Card will pay $1 million of the settlement.

Tom Falkenberg, attorney for the firm and its owner, said Thursday that they denied any wrongdoing.

"All parties agree that it was in the best interest of the parties, as well as the citizens of Dixon, to bring this matter to an end," he said.

Bruce also faulted Fifth Third Bank for violating banking standards by allowing Crundwell to open a city account in 1990 without proper documentation, even if employees knew she worked for the city.

The bank also accepted checks from the city's Capital Development Fund account simply made out to "Treasurer," he said.

"That could be treasurer of the petunia festival in the city of Dixon, that could be the treasure of the Lions Club in the city of Dixon," Bruce said. "That check made simply payable to 'Treasurer' should never be allowed to be negotiated."

In addition, the bank should have been monitoring the account and investigating charges to a city account for jewelry, spas and trips, Bruce said. When preparing a list of accounts for the annual audit, he said it is also the bank's responsibility to disclose all accounts. But Crundwell's secret account was not included on the reports until 2010. Even then, auditors did not question its appearance.

"It's absolutely a red flag in the accounting industry, and they should have investigated that and they did not," Bruce said.

Fifth Third Bank, which will pay $3.85 million of the settlement, noted on Wednesday that it agreed to the terms "without any admission of liability."

How America Spends Money: 100 Years in the Life of the Family Budget

You can learn a lot about somebody by looking through his receipts. Is he rich? Is she poor? Where does he shop? What does she value?

Alas, the U.S. economy doesn't come with a receipt. GDP tells us how much stuff we produce. GDI, or gross domestic income, tells us how much money we make. But these numbers don't tell us what the economy looks like from the viewpoint of a typical household.

Fortunately, we have something that's very close to an aggregate receipt for the American family going back more than a century: "100 Years of U.S. Consumer Spending", a report from the Bureau of Labor Statistics.

This is our story today: It is a story about how spending on food and clothing went from half the family budget in 1900 to less than a fifth in 2000.It is a story about how a nation that feels poor got so rich. Here's the big picture in one chart showing the share of family spending per category over the 20th century. The big story is that spending on food and clothes has fallen massively while spending on housing and services has gone up.

The year is 1900. The United States is a different country. We are near the end of the Millennium, but in the "warp and woof of life," we are living closer to the 1600s than the 2000s, as Brad DeLong memorably put it. A quarter of households have running water. Even fewer own the home they lived in. Fewer still have flush toilets. One-twelfth of households have gas or electric lights, one-twentieth have telephones, one-in-ninety own a car, and nobody owns a television.

So where are we spending all our money? Most of our income goes to the places where we work -- to the farm, to the textile mills, and to the house. The typical household haul in 1901 is about $750.

Families spend a whopping 80% of that on food, clothes, and homes.

In 1900, seen from perch of the Bureau of Labor Statistics -- which counts national jobs, income and spending -- the United States is like one big farm surrounded by a cluster of small factories. Almost half of the country works in agriculture. As for the budding services economy: There are more household servants than sales workers. As for the women's rights movement: More than twice as many households report income from children (22%) than wives (9%).

Over the next 100 years, the U.S. family got smaller, more reliant on working women and computers, less reliant on working children and farms, and, most importantly, much richer. About 68-times richer, in fact. Household income (unadjusted for inflation) doubled six times in the 20th century, or once every decade and a half, on average.

But to appreciate the transition in full, let's first meet it halfway.

The year is 1950. Compared to just five decades earlier, the United States is already a different country. The population has doubled to 150 million. The economy's share of farmers has fallen from 40% to 10%, thanks to the mechanization of the farm, led by the mighty tractor. At the same time, food has gotten much cheaper compared to wages, and its share of the family budget has declined from 43% to 30%.

Meanwhile, the "making-stuff" economy is at its apex. Nearly half of working men are craftsmen or operators. (The female labor participation rate is still below 20%.) Factory wages have grown by seven-fold since 1901, and they've nearly tripled since the Great Depression. Textile manufacturing has never been higher and will never be higher. The year 1950 is its exact peak. Apparel manufacturing would grow through the 1970s before collapsing in the last third of the decade. The U.S. was the making-stuff capital of the world, and our dominance probably felt indefinite.

Half a century later, factories, just like farms before them, would become the victims of American efficiency.

It's become fashionable to consider the 1950s a golden age in American economics. Employment was full. Wages were rising. Manufacturing was strong. But if you're the kind of person who likes clothes or food, then welcome to paradise.

In the last 50 years, food and apparel's share of family has fallen from 42% to 17% (and remember, we were near 60% in 1900) as we've found cheaper ways to eat and clothe ourselves. Food production got more efficient, and we offshored the making of clothes to other countries with cheaper labor. As a result, apparel's share of the pie, which hardly changed in the first half of the century, shrank in the second half by two-thirds.

So if the typical American family feels squeezed, what's squeezing us?

I have two answers: The first answer is housing and cars. Half of that orange "other" slice is transportation costs: mostly cars, gas, and public transit. A century ago, if you recall, 80% of families were renters and nobody owned a car. Today, more than 60% of families are home owners, and practically everybody owns a car.*

The other answer, which you can't see as clearly in this chart, is health care. Health-care spending makes up more than 16% of the U.S. economy, but only 6% of family spending, according to the CES. One reason for the gap is that most medical spending isn't out of our pockets. Employers pay workers' premiums and government foots the bill for the elderly and the low-income. Government spending on Social Security, Medicare, and Medicaid has quadrupled since the 1950s in the most meaningful measurement, which is share of GDP.

In short, health care costs are squeezing Americans. But the details of this squeeze elude the color-wheel above. We are paying for health care with taxes, borrowing, and compensation that goes to health benefits, rather than wages.

In 1900, the Bureau of Labor Statistics counted three categories as necessities: housing, food, and apparel. In the last 100 years, we've added to the list. Health care has become necessary. For most people, a car has become necessary. Even higher ed is a necessity for today's middle class.

We have new expectations for what our money should buy. We have earned (literally) the right to expect more from life in America.

Historical context shouldn't cheapen middle class suffering. Today's suffering is real. Unemployment is high. Wage growth is flat. We are squeezed by rising health care costs and scarcity of affordable housing in productive cities.

And yet, who can deny that we are richer? A century ago, we spent more than half our money on food and clothes. Today, we spend more than half of our money on housing and transportation. Our ambitions turned from bread and shirts to ownership and highways. We are all subtle victims of the expectations that 100 years of wealth have bought.

*Even for people who decide not to buy, higher rent costs driven by popular coastal cities, constrictive urban policies, and a shortage of multifamily homes also increase housing costs

Justin Rose

Johannesburg, South Africa

Wife, Kate Leo Kenny, Charlotte

  • 2010 the Memorial Tournament presented by Nationwide Insurance, AT&T National
  • 2011 BMW Championship
  • 2012 World Golf Championships-Cadillac Championship
  • 2013 U.S. Open
  • 2014 Quicken Loans National
  • 2015 Zurich Classic of New Orleans
  • 2018 World Golf Championships-HSBC Champions, Fort Worth Invitational
  • 2019 Farmers Insurance Open

International Victories (12)

  • 2002 Dunhill Championship [Eur]
  • 2002 Nashau Masters [SAf]
  • 2002 Chunichi Crowns [Jpn]
  • 2002 Victor Chandler British Masters [Eur]
  • 2006 Australian Masters [Aus]
  • 2007 Volvo Masters [Eur]
  • 2014 Scottish Open [Eur]
  • 2015 UBS Hong Kong Open [Eur]
  • 2016 Summer Olympics
  • 2017 Turkish Airlines Open [Eur]
  • 2017 Indonesian Masters [Asia]
  • 2018 Turkish Airlines Open [Eur]
  • 2014 Defeated Shawn Stefani, Quicken Loans National
  • 2015 Lost to David Lingmerth, the Memorial Tournament presented by Nationwide
  • 2017 Lost to Sergio Garcia, Masters Tournament
  • 2018 Lost to Keegan Bradley, BMW Championship
  • 2008, 2012, 2014, 2016, 2018 Ryder Cup
  • 2016 Olympic Games
  • 2002, 2003, 2011 World Cup
  • 2003, 2007 Seve Trophy
  • 1997 Walker Cup
  • Moved to England from South Africa at age 5, when he started to play seriously at Hartley Wintney Golf Club near his Hampshire home. First swung a club in back garden at 11 months when dad, Ken, handed him a plastic club. Broke 70 for the first time at age 11. Handicap of plus-1 at age 14.
  • Father, Ken, passed away in September 2002.
  • Became golf's first Olympic champion since 1904 when he won the gold medal at the Rio 2016 Olympic Games. Also made history when he recorded the first hole-in-one in Olympic Golf.
  • Together with wife, Kate, runs the Kate & Justin Rose Foundation, benefitting the youth of Orlando (
  • PGA Championship: Finished T8 at the PGA Championship, his second consecutive top-10 at the event and fifth in his career. Led the field in Strokes Gained: Putting (2.932 per round).
  • Masters Tournament: Shot a first-round 65 and took a four-stroke 18-hole lead at the Masters Tournament in April before finishing solo-seventh. Became the second player in tournament history to hold four or more 18-hole leads/co-leads at the Masters, joining Jack Nicklaus. Also led after the second round for the second time in his career at the event.
  • PGA Championship: Finished T8 at the PGA Championship, his second consecutive top-10 at the event and fifth in his career. Led the field in Strokes Gained: Putting (2.932 per round).
  • Masters Tournament: Shot a first-round 65 and took a four-stroke 18-hole lead at the Masters Tournament in April before finishing solo-seventh. Became the second player in tournament history to hold four or more 18-hole leads/co-leads at the Masters, joining Jack Nicklaus. Also led after the second round for the second time in his career at the event.

Became one of nine players to qualify for the FedExCup Playoffs in each of the first 14 seasons of the FedExCup era and ended the season No. 91 in the FedExCup standings. Failed to advance to the BMW Championship for the second time in the FedExCup era and first since 2008. Reached 100 career top-10s with a T9 at the PGA Championship. Collected two top-10s in 13 starts and missed seven cuts, his most in a season since 2008 (7).

  • PGA Championship: Recorded his fourth career top-10 at the PGA Championship, finishing solo-ninth at 9-under and four strokes behind winner Collin Morikawa. Co-led the field in Par-5 Scoring Average (4.13).
  • Charles Schwab Challenge: Finished T3 at the Charles Schwab Challenge after holding a share of the first-round lead. Fell to 2-for-18 with the 18-hole lead/co-lead in his career.

Earned 10th career PGA TOUR title at the Farmers Insurance Open and qualified for the FedExCup Playoffs for the 13th time, advancing to the TOUR Championship for the 10th time in the FedExCup era before ending the season tied for 26th in the standings. Became the first player from England to reach the 10-win mark on TOUR since 1945 and one of nine players to qualify for the Playoffs in each of the first 13 seasons of the FedExCup era. Earned seven top-10s and missed just one cut in 17 starts.

  • U.S. Open: Collected 10th career top-five in major championships, tying three others for third at the U.S. Open. Entered the final round trailing eventual champion Gary Woodland by one stroke before recording a 3-over 74. Held the first-round lead after opening with a 65.
  • Wells Fargo Championship: With a third-place result, collected his third consecutive top-five at the Wells Fargo Championship. Averaged 1.841 Strokes Gained: Putting per round, his best mark in that category since the 2011 BMW Championship (2.251).
  • World Golf Championships-Dell Technologies Match Play: Advanced out of Group Play into the Round of 16 at the World Golf Championships-Dell Technologies Match Play. Was eliminated by Kevin Na, 2-up, for a T9 finish.
  • THE PLAYERS Championship: After opening with a 2-over 74 (T104), posted rounds of 66-68-68 to get to 12-under 276, good for a T8 at THE PLAYERS Championship. Marked his second top-10 in 16 starts at TPC Sawgrass.
  • Farmers Insurance Open: In his 10th career start at the Farmers Insurance Open, won his 10th PGA TOUR victory with a 21-under 267 at Torrey Pines Golf Course. Tied the 36-hole and 54-hole tournament records and closed with a final-round 3-under 69 to win by two shots over Adam Scott. Became the first player from England to win 10 times on the PGA TOUR (since 1945), surpassing Nick Faldo (9). The victory came in his 326th career TOUR start, at the age of 38 years, 5 months, 28 days. With $1,278,000 winner's check, surpassed $50 million in career earnings ($51,023,355). Became first player since Tiger Woods (2013) to convert 54-hole lead in the Farmers Insurance Open. Became the first winner of the Farmers Insurance Open to win after beginning the week on the North Course since 2010. Won with Gareth Lord (Henrik Stenson's caddie) on the bag in just his second week while regular caddie, Mark Fulcher, recovered from heart surgery. Dedicated the win to Fulcher.
  • World Golf Championships-HSBC Champions: In his first start since winning the FedExCup, finished third in his title defense at the World Golf Championships-HSBC Champions. Was never worse than T10 on the leaderboard after each round, entering the final round T2, three shots behind leader Tony Finau. Closed with an ever-par 72 at Sheshan International Golf Club in Shanghai, China.

Won his first FedExCup, won twice on the PGA TOUR (World Golf Championships-HSBC Champions, Fort Worth Invitational), made his fifth Ryder Cup team and ascended to No. 1 in the Official World Golf Ranking for the first time in his career. Ended the season with 17 made cuts in 18 starts, including double-digit top-10s for the first time in his career (11). Finished in the top five in each of the final three FedExCup Playoffs events. Concluded the season ranked second in Scoring Average (68.99) behind Dustin Johnson (68.69).

  • Turkish Airlines Open: Defeated HaoTong Li with a par on the first playoff hole at the Turkish Airlines Open on the European Tour and regained the World No. 1 position for the second time in 2018. Successfully defended a title for the first time in his career and became the first player to defend the Turkish Airlines Open. Started the day three shots back of the overnight leader and carded a final-round 3-under 68 to finish in a tie with Li at 17-under.
  • Ryder Cup: Made his fourth consecutive Ryder Cup appearance for the European Team at Le Golf National in Paris, France. Went 2-2-0 for the week and helped the Europeans to a 17.5-10.5 victory over the United States.Teamed with Henrik Stenson to win both Foursomes matches.
  • TOUR Championship: Overcame a final-round 3-over 73 to become the first Englishman to win the FedExCup. With 2,260 points, finished 41 points ahead of TOUR Championship winner Tiger Woods, joining Vijay Singh, Henrik Stenson and Rory McIlroy as international winners of the FedExCup. Joined Woods as the only player to win the FedExCup as the top-ranked player in the Official World Golf Ranking. Became the first player to win the FedExCup without having won a Playoffs event. Arrived at the TOUR Championship ranked No. 2 in the FedExCup, trailing only Bryson DeChambeau (who finished 19th at East Lake to fall to third in the standings). With rounds of 66-67-68-73, finished T4 and five strokes behind Woods in the tournament standings. Final-round 73 included five bogeys (Nos. 5, 9, 11, 14, 16) and two birdies (Nos. 8, 18), snapping a string of 11 consecutive rounds under par dating to the first round at the Dell Technologies Championship. The T4 marked his sixth consecutive top-10 finish at the TOUR Championship (T4/2018, T10/2017, T2/2015, T4/2014, 6th/2013, 2nd/2012).
  • BMW Championship: Lost to Keegan Bradley in a playoff at the BMW Championship, moving to No. 2 in the FedExCup and No. 1 in the Official World Golf Ranking with the runner-up result. Became the 22nd player to reach the top spot in the OWGR (est. 1986). 72-hole score of 260 was third score of 260 or better in TOUR career.
  • Dell Technologies Championship: Entered the final round of the Dell Technologies Championship one shot back. Posted four bogeys to make the turn at 1-over before a back-nine 31 to finish runner-up and move to No. 3 in the FedExCup standings. The second-place finish was his ninth top-10 of the season, marking the first time he recorded more than eight top-10s in a season.
  • The Open Championship: Made just three birdies in the first 36 holes of the 147th Open Championship at Carnoustie, highlighted by a 14-foot putt on the final hole Friday to make the cut on the number after rounds of 72-73 before finishing T2. Produced seven birdies against no bogeys in a third-round 7-under 64 which marked his first sub-65 score any major championship. His inward-nine 5-under 30 marked the low nine of any player in the last three Opens at Carnoustie (1999, 2007, 2018), while his 64 matched the lowest round in an Open Championship held at Carnoustie (Steve Stricker/R3/2007, Richard Green/R4/2007). Posted the clubhouse lead at 6-under 278 which was beaten by Francesco Molinari at 8-under.
  • U.S. Open: Tied for 10th at the U.S. Open at 7-over 287. Marked his fourth top-10 in 13 starts at the U.S. Open.
  • the Memorial Tournament presented by Nationwide: Finished T6 with rounds of 71-66-69-70–276 (-12) in his 12th career start at the Memorial Tournament presented by Nationwide.
  • Fort Worth Invitational: Won the Fort Worth Invitational by three strokes over Brooks Koepka for his second win of the season (Fort Worth Invitational, World Golf Championships-HSBC Champions). Moved to No. 2 in the FedExCup standings following the victory, matching the highest previous position of his career (spent one week at No. 2 following his win at The National in 2010). Matched his previous-best 72-hole score on the PGA TOUR (260/2017 Sony Open in Hawaii) and recorded the lowest 72-hole score on TOUR since the 2017 Wyndham Championship (Henrik Stenson/258). Became the fifth multiple winner of the season (Patton Kizzire, Justin Thomas, Bubba Watson, Jason Day, Justin Rose). Became the fifth international player since 2000 to win the event (Sergio Garcia/2001, Nick Price/2002, Rory Sabbatini/2007, Adam Scott/2014).
  • Arnold Palmer Invitational presented by Mastercard: Paired with eventual-winner Rory McIlroy, closed with a bogey-free 67 to finish alone in third at the Arnold Palmer Invitational. Led the field with 24 birdies, two ahead of McIlroy and Patrick Reed. Recorded his fifth top-10 in his 13th start in the Arnold Palmer Invitational, including three top-three finishes.
  • Valspar Championship: Was one shot off the lead after 54 holes of the Valspar Championship but recorded a final-round 1-over 72, resulting in a tie for fifth place. Notched his third top-10 at the event.
  • Farmers Insurance Open: In his first domestic PGA TOUR event of the season, finished T8 at the Farmers Insurance Open. Marked his second consecutive top-10 at Torrey Pines.
  • Hero World Challenge: Albany resident posted a final-round 2-under 70 to finish T5 at the Hero World Challenge, seven strokes behind champion Rickie Fowler. Saw his Albany course record of 10-under 62 (set during the final round of the 2015 Hero World Challenge) topped by Fowler's closing 61.
  • World Golf Championships-HSBC Champions: Claimed his second career World Golf Championships title at the WGC-HSBC Champions, coming from eight shots back on the final day to win with a closing 67. Shot an inward 31 to beat overnight leader Dustin Johnson, Brooks Koepka and Henrik Stenson by two shots. The eight-stroke come-from-behind victory was better than any previous comeback in his career.

Finished the season at No. 9 in the FedExCup standings on the strength of eight top-10 finishes in 18 starts, three of which were runner-up showings. Advanced to the FedExCup Playoffs for an 11th consecutive season, finishing inside the top 10 in all four starts.

  • TOUR Championship: In his eighth start at the TOUR Championship and first since 2015, posted scores of 68-66-71-69--274 (-6) to finish T10 with Sergio Garcia and Matt Kuchar.
  • BMW Championship: Moved into contention at the BMW Championship after a third-round 66. Played in the penultimate group in the final round and posted a 6-under 65 to finish T2 with Rickie Fowler, five strokes behind winner Marc Leishman. Played 53 holes without a bogey before the par-3 17th hole in the final round, just his third bogey of the week.
  • Dell Technologies Championship: After opening the Dell Technologies Championship with a 1-over 72, followed with three rounds in the 60s (65-69-68) to finish T10 and seven strokes behind champion Justin Thomas. Marked his third top-10 finish in 13 starts at TPC Boston (3-2003, T4-2006). Moved to No. 17 in the FedExCup standings.
  • THE NORTHERN TRUST: Earned a T10 finish at THE NORTHERN TRUST with 4-under 276 at Glen Oaks Club.
  • Masters Tournament: In his 13th start at the Masters, found himself tied after 54 holes with Sergio Garcia at 6-under 210. When the final group Sunday both posted scores of 3-under 69, sudden death ensued. On the first extra hole, No. 18, an errant tee shot resulted in a bogey and runner-up finish to Garcia. The finish was his sixth top-10 at the Masters, and third consecutive. With scores of 71-72-67-69, joined Garcia as the only two players to have avoided an over-par score that week.
  • Genesis Open: Making his 11th career start at the Genesis Open, finished T4 and six strokes behind champion Dustin Johnson. Previous-best finish at Riviera Country Club was T9 in 2011. Marked his third T4 finish or better in four starts of the PGA TOUR season.
  • Farmers Insurance Open: Held the outright lead of the Farmers Insurance Open after rounds one and two, before a 1-over 73 in round three put him at 7-under 209 and T5. Closed with a 2-under 70 Sunday to finish T4 with four others at Torrey Pines. Marked his first top-10 in eight starts in the event.
  • Sony Open in Hawaii: In his first start of the season, finished runner-up, but a distant seven strokes behind champion Justin Thomas, in his first visit to the Sony Open in Hawaii since a T13 finish in 2011.
  • Indonesian Masters: After rounds of 62-69-66, posted a final-round 10-under 62 to win the Indonesian Masters by eight strokes over Thailand's Phachara Khongwatmai. Remained unfazed during a marathon week, where the Indonesian Masters was hit by multiple weather suspensions. After completing 10 holes from the delayed third round on Sunday morning, returned to the starting tee just 30 minutes later to begin the final round. Birdied the third hole before recording a run of four birdies and an eagle from the par-4 fifth at the Royale Jakarta Golf Club. Lead was never threatened when he surged further ahead with three birdies in four holes to start the back nine after making the turn in 29. Dropped a shot on 16, but closed with a birdie on 18 for a winning total of 29-under 259.
  • Turkish Airlines Open: Birdied the 72nd hole at the Turkish Airlines Open to make it back-to-back wins following his World Golf Championships-HSBC Champions victory and week earlier and move closer to Tommy Fleetwood at the top of the Race to Dubai Rankings presented by Rolex. High drama ensued at Regnum Carya Golf & Spa Resort as he and playing partner Nicolas Colsaerts were tied at 17-under while on the 18th tee in the final round. Both men put their approaches to eight feet but held his nerve to make a birdie, sign for a 65 and claim a 10th European Tour title.

Finished No. 51 in the FedExCup standings, snapping a streak of six consecutive top-15 finishes in the FedExCup dating to 2010. One of 16 players to advance to the Playoffs in all 10 seasons of the FedExCup. A third-place finish at the Wells Fargo Championship marked his best of five top-10 finishes on the PGA TOUR. Failed to reach the TOUR Championship for just the third time in the last 10 years, ending his season after the third FedExCup Playoffs event at No. 51 in the standings.

  • Ryder Cup: Making his fourth start at the Ryder Cup, went 2-3 in his five matches in the European team's 17-11 defeat to the United States at Hazeltine.
  • Olympic Men's Golf Competition: Represented when Great Britain golf returned to the Olympics for the first time since 1904 in the Rio 2016 Olympic Games. Birdied the final hole of the competition to shoot 16-under 268 and win the gold medal by two strokes over Sweden's Henrik Stenson. Created additional history in the opening round when he recorded the first hole-in-one in Olympic Golf with a 7-iron going in the hole at the 191-yard No. 4.
  • THE PLAYERS Championship: Finished T19 at THE PLAYERS Championship but his opening-round 7-under 65 featured an eagle-birdie-birdie-birdie-birdie streak on holes 16, 17, 18, 1 and 2 to match the best birdie-eagle streak in tournament history. He also hit 18 Greens in Regulation for the first time in his TOUR career during round one.
  • Wells Fargo Championship: In his 10th start of the season, earned his fifth top-10 of 2015-16, finishing alone in third at the Wells Fargo Championship. His 1-under 71 in the final round was one stroke shy of making the playoff with Roberto Castro and eventual-champion James Hahn.
  • Masters Tournament: A year after finishing T2 at the Masters, returned to Augusta National, where he opened with a 3-under 69, three strokes off Jordan Spieth's pace after 18 holes. Ensuing rounds of 77-73-70 resulted in a T10 at 1-over 289 in his 11th Masters appearance.
  • Arnold Palmer Invitational presented by MasterCard: Finished T9 for his fourth top-10 finish in 11 starts at the Arnold Palmer Invitational presented by MasterCard. Opened with under-par scores of 68-66-71 and entered the final round trailing 54-hole leader Jason Day by four strokes before a 1-over 73 left him T9 and seven behind Day. It marked his fifth finish of T17 or better in his first six starts of the season.
  • AT&T Pebble Beach Pro-Am: Finished T6 and five strokes behind champion Vaughn Taylor in his first start at the AT&T Pebble Beach Pro-Am and his first-ever TOUR event at Pebble Beach.
  • UBS Hong Kong Open: Entered the final round of the UBS Hong Kong Open tied with Denmark's Lucas Bjerregaard. Shot a third-round 64 to Bjerregaard's 7-under 63. On the final day at Hong Kong GC, entered the final nine trailing Bjerregaard by two strokes. Picked up a shot on the 10th hole when he birdied to Bjerregaard's par. When Bjerregaard bogeyed No. 11, the duo was again tied. Made a par to Bjerregaard's double bogey on the par-4 to take a one-shot lead. Bjerregaard then parred in. The victory was the 15th of his career and fifth European Tour title.
  • Hero World Challenge: In December, the Albany resident closed the Hero World Challenge with an Albany course record of 10-under 62, finishing 13th. The record round came one day after eventual-champion Bubba Watson and Paul Casey set the mark with 9-under 63s.
  • Open: In his first start at the Open, opened with a 5-under 67 at Silverado Resort and Spa. Ensuing rounds of 69-68-72 resulted in a T6 with three others, at 12-under 276.

Made 15 of 20 cuts, with eight top-10s and a win at the Zurich Classic of New Orleans. Finished No. 8 in the final FedExCup standings for his sixth consecutive top-15 finish.

  • TOUR Championship by Coca-Cola: Finished T2 at the TOUR Championship by Coca-Cola, four shots behind Jordan Spieth.
  • Quicken Loans National: The defending champion finished T4 in his bid to become the first three-time Quicken Loans National champion. Entered the final round of the World Golf Championships-Bridgestone Invitational in a tie for the lead with Jim Furyk in a bid to win his second World Golf Championships event. Finished T3 after a final-round 72. It was the 11th time he has led or tied for the lead going into the final round, of which he has won three times.
  • The Open Championship: Posted four under-par rounds to T6 (four shots behind eventual champion Zach Johnson) at St. Andrews for his first top-10 finish at The Open Championship since a T4 showing in his inaugural appearance in 1998.
  • the Memorial Tournament presented by Nationwide: Held the 54-hole lead at the Memorial Tournament but dropped into a playoff with David Lingmerth after shooting a final-round, even-par 72. Lost on the third playoff hole when he couldn't match Lingmerth's par. Was looking to pick up his second win at Muirfield Village, the site where he captured his maiden PGA TOUR victory, in 2010. Ran his streak to 183 consecutive holes without a three-putt before he three-putted No. 7 in the final round.
  • Zurich Classic of New Orleans: In his next start, played 30 holes Sunday at the rain-defined Zurich Classic of New Orleans to beat Cameron Tringale by a stroke. Began the third round at TPC Louisiana three strokes off the lead, at 9-under 132. Played six holes before officials suspended action for the day Saturday due to darkness. Began the final round tied for the lead with Jason Day. Shot a bogey-free, 6-under 66 that resulted in the win. Played his last 66 holes without a bogey, highlighted by clutch birdies at the 71st and 72nd holes. With his 22-under 266 total, got to 60-under par at TPC Louisiana, dating to the 2012 event (16 rounds). The win in New Orleans was his first victory without his wife in the gallery. But as a Zurich Ambassador, said his "many friends with the title sponsor helped greatly in her absence."
  • Masters Tournament: Finished T2 at the Masters Tournament in April to record his best career finish at Augusta National. Has not missed a cut in 10 Masters' starts. Previous-best finish was a T5 in 2007.
  • DP World Tour Championship: Finished third on the Race to Dubai final standings, helped by his T2 in the final event of the season–the DP World Tour Championship in Dubai in late-November 2014. Opened with a 1-under 71 at Jumeirah Golf Estates then rattled off rounds of 66-68-69 to tie with Rory McIlroy and Victor Dubuisson, two shots behind winner Henrik Stenson.
  • BMW Masters: Managed to shoot an even-par 72 on a difficult scoring day in the final round of the European Tour's BMW Masters in Shanghai but fell a stroke short of the Marcel Siem-Ross Fisher-Alexander Levy playoff that Siem won. Opened with another even-par effort then put himself into contention with a 65-64 in the second and third rounds at Lake Malaren GC in October 2014.

Victory at the Quicken Loans National (his sixth PGA TOUR win) highlighted a season which included 17 made cuts in 19 starts and a No. 11 FedExCup finish (his fifth consecutive top-15 finish in the standings).

  • Ryder Cup: Tallied four points on a 3-0-2 record at the Ryder Cup at Gleneagles in Scotland to help lead the European team to a five-point victory over the U.S. in the biennial event.
  • TOUR Championship by Coca-Cola: Finished T4 at the TOUR Championship by Coca-Cola for his eighth top 10 of the season (tying his highest mark on the PGA TOUR, matching what he did in 2012). It was his third consecutive top-six finish at the TOUR Championship.
  • BMW Championship: Finished 35th at the BMW Championship.
  • The Barclays: Closed the season by advancing all the way to the final event of the Playoffs for the fifth consecutive year, finishing T30 at The Barclays.
  • World Golf Championships-Bridgestone Invitational: Finished T4 at the World Golf Championships-Bridgestone Invitational for his fourth top-10 in 10 starts at Firestone CC.
  • Quicken Loans National: Defeated Shawn Stefani on the first playoff hole (No. 18) with a par-4 at the Quicken Loans National. Along with Stefani entered the final round of the Quicken Loans National trailing 54-hole leader Patrick Reed by three strokes, with both carding 1-under-par 70s to advance to the first playoff at the Quicken Loans National. Stefani recorded a double bogey-6 on the first playoff hole after hitting into the water with his approach shot on No. 18. Won in his first career playoff on TOUR. Claimed his sixth PGA TOUR victory in his 243rd start at age 33 years, 10 months, 30 days. Winning score of 4-over 280 was the highest in relation to par on the PGA TOUR since Reed won with a 4-over 284 total at the 2014 World Golf Championships-Cadillac Championship. With another win, in 2010, joined tournament host Tiger Woods (2009 and 2012) as the only multiple winners of the Quicken Loans National. Opened with a 3-over 74, marking his highest start by a winner on the PGA TOUR this season, topping 72s by John Senden at the Valspar Championship and Scott Stallings at the Farmers Insurance Open. One of two international winners at the Quicken Loans National (K.J. Choi in 2007). Three-shot, come-from-behind win equaled Anthony Kim (2008) for the largest at the Quicken Loans National. Perhaps the shot of the day was a crucial 15-foot, 1-inch putt for bogey on the 72nd hole. His week included a 6-under 65 in the second round, the low round of the week at Congressional CC.
  • U.S. Open: Finished T12 in his bid to become the seventh player to successfully defend his U.S. Open title.
  • THE PLAYERS Championship: Posted four sub-par scores at TPC Sawgrass to finish T4 with Jordan Spieth at THE PLAYERS Championship, the first time he had recorded all four rounds under par in 11 tournament starts. The finish was also his first top-20 in his PLAYERS Championship history, dating to 2003.
  • Wells Fargo Championship: Finished in solo-fifth place for his first top-10 finish in five starts at the Wells Fargo Championship. His previous-best finish was a T28 in 2011 (his last start there). Four sub-par rounds of 69-67-71-71 left him at 10-under, four strokes behind champion J.B. Holmes.
  • Zurich Classic of New Orleans: Posted four sub-par scores at TPC Louisiana to finish T8 with Tommy Gainey and Keegan Bradley at the Zurich Classic of New Orleans. Over the course of the second and third rounds (66-65), made 13 birdies and an eagle. His 4-under 68 Sunday was one of just 10 sub-70 scores on a windy final day.
  • Valspar Championship: After withdrawing from The Honda Classic to rehab the tendinitis in his shoulder, bounced back with a T8 at the Valspar Championship. Following three opening rounds of par or better on the challenging Copperhead Course, struggled in the final round with a 3-over 74 to settle into a T8 with five others.
  • Scottish Open: Won in his next start, on the European Tour. Fired rounds of 69-68-66-65 to defeat Kristoffer Broberg by two shots at Royal Aberdeen. Began the final round tied with Marc Warren but made five front-nine bogeys to begin pulling away. Added one more birdie on the back nine to earn his fourth European Tour title.
  • Thailand Golf Championship: In December, posted a second-round, 8-under 64 at the Thailand Golf Championship in Chonburi to claim a T6.
  • Nedbank Golf Challenge: Finished T7 at the European Tour's Nedbank Golf Challenge in South Africa.
  • Turkish Airlines Open: Playing in the European Tour's Turkish Airlines Open in November, shot rounds of 66-67-65 over his final 54 holes to finish T3 with Tiger Woods, four shots behind winner Victor Dubuisson.
  • DP World Tour Championship: At the European Tour's season finale in Dubai, finished T10 at the DP World Tour Championship.

Season highlighted by victory at the U.S. Open and finishing 10th in the FedExCup.

  • TOUR Championship by Coca-Cola: A solo-sixth place finish at the TOUR Championship by Coca-Cola (his seventh top-10 of the season) led to a 10th-place standing in the FedExCup (his fourth consecutive top-15 finish in the season-long points race).
  • The Barclays: Missed a 4-foot, 11-inch par putt on the final hole of The Barclays that would have placed him in a playoff with champion Adam Scott. With the runner-up performance, moved from No. 7 to No. 5 in the FedExCup standings. It marked the sixth runner-up finish of his career.
  • U.S. Open: Entered the final round of the 113th U.S. Open trailing Phil Mickelson by two strokes, but a final-round, even-par 70 was good enough for his first major championship (37th start), defeating Mickelson and Jason Day by two shots. Became the first Englishman winner of the event in 43 years (Tony Jacklin in 1970). The win, which earned him a 10-year U.S. Open exemption and a five-year PGA TOUR exemption, came in his 222nd PGA TOUR start, at age 32 years, 10 months, 17 days. At the 18th hole, made famous by Ben Hogan's famous 1-iron shot in 1950 that led to a par and playoff victory the following day, hit a driver and 4-iron to par the hole and finish 1-over 281. The win was the fourth in a row in a major championship by international players and the seventh in the last 10 years at the U.S. Open (29th overall). The win was the fifth come-from-behind win in as many U.S. Opens hosted by Merion (1934, 1950, 1971 and 1981), and he added his name to a list of winners at the Club including Olin Dutra (1934), Hogan (1950), Lee Trevino (1971) and David Graham (1981).
  • the Memorial Tournament presented by Nationwide Insurance: The 2010 Memorial Tournament winner returned to Muirfield Village GC and got off to a good start through three rounds (70-70-71). Began the final round tied for fourth, at 5-under. A final-round, 1-over 73 resulted in a T8.
  • Arnold Palmer Invitational presented by MasterCard: Finished second at the Arnold Palmer Invitational, after holding the first-round lead and a share of the second-round lead. Finished two shots behind winner Tiger Woods.
  • World Golf Championships-Cadillac Championship: Finished T8 (with bookend, 4-under 68s) at the World Golf Championships-Cadillac Championship in his attempt to become the first back-to-back winner at the TPC Blue Monster at Doral since Tiger Woods (2005-07). Was also hoping to join Woods as the only back-to-back winner of the Cadillac Championship (2002-03 and 2005-07).
  • The Honda Classic: First top-10 of the PGA TOUR campaign came in March, at The Honda Classic. A second-round, 4-under 66 was just two strokes shy of the week's low round and helped secure him a T4 with four others, his third consecutive top-five finish at PGA National in what was his first TOUR stroke-play start of the season.
  • Abu Dhabi HSBC Golf Championship: Started his season at the European Tour's Abu Dhabi HSBC Golf Championship. Rounds of 67-69-68-71 earned him a T2 with Thorbjorn Olesen, one stroke off Jamie Donaldson's winning total of 14-under. Had a birdie putt on the 72nd hole that would have forced a playoff, but he missed and settled for par.

Finished No. 6 in the FedExCup standings, falling one spot from his career-best, fifth-place finish in 2011.

  • Ryder Cup: Finished 3-2 for the European team in the Ryder Cup at Medinah CC outside Chicago. Made two clutch putts on the final two holes in his singles match to come from behind and claim a victory against Phil Mickelson.
  • TOUR Championship by Coca-Cola: Seeking to become the first British player to win the TOUR Championship by Coca-Cola, finished solo second to Brandt Snedeker at East Lake GC. Shared the first-round lead with Woods, with a 4-under 66, and the 54-hole lead, with Snedeker, at 8-under 202. A final-round, 1-over 71 left him three behind Snedeker and gave him his fourth runner-up finish on the PGA TOUR. Entered the week No. 24 in the FedExCup standings, with his runner-up finish propelling him 18 spots to No. 6–the largest jump of the week (Ryan Moore was second, moving 17 spots from No. 28 to No. 11). Record fell to 2-9 when he has led or held a share of the 54-hole PGA TOUR lead.
  • BMW Championship: At the BMW PGA Championship in late May on the European Tour, was momentarily tied with Luke Donald on the front nine during the final round before Donald pulled away. Finished T2 with Paul Lawrie, four strokes behind Donald.
  • PGA Championship: Finished T3 at the PGA Championship for his second top-10 in a major on the season (T8 at the Masters). Recorded his best finish and fourth top-10 in 35 career major championship starts.
  • World Golf Championships-Bridgestone Invitational: Making his eighth career start at the World Golf Championships-Bridgestone Invitational, finished T8 for his third top-10 at the event (fifth in 2002 and T2 in 2007).
  • the Memorial Tournament presented by Nationwide Insurance: Finished solo-eighth at the Memorial Tournament at 3-under for his fifth top of the PGA TOUR season.
  • THE PLAYERS Championship: Became just the 18th player since 1982 to record two eagles in one round at THE PLAYERS, carding a 2 at the par-4 No. 12 and a 3 at the par-5 No. 16 in the final round en route to a closing 71 and T51 finish.
  • Zurich Classic of New Orleans: Fourth top-10 of the season came at the Zurich Classic of New Orleans (T10).
  • Masters Tournament: Finished T8 at the Masters Tournament, with rounds of 72-72-72-68. Was one of five players with all four rounds at par or better.
  • World Golf Championships-Cadillac Championship: Came back a week later and carded a final-round, 2-under 70 to come from three strokes back to win the World Golf Championships-Cadillac Championship, finishing 16-under 272 and one stroke ahead of 54-hole leader Bubba Watson (74). Has earned at least one victory in each of the last three years, with his fourth TOUR win the largest come-from-behind win in Cadillac Championship history, topping two-stroke comebacks by Tiger Woods in 2005 and Nick Watney in 2011. The victory, which was worth 550 points and moved him to No. 8 in the FedExCup points race, was his fifth top-10 finish in 21 World Golf Championships starts. His previous-best finish was a runner-up effort at the 2007 Bridgestone Invitational.
  • The Honda Classic: In his fourth start of the season, claimed his first top-10, with a T5 at The Honda Classic on the strength of back-to-back, 4-under 66s in the second and third rounds. Held a share of the 36-hole lead with Tom Gillis before a 71-70 finish culminated in the T5 finish. It was his seventh start in the event.
  • BMW Masters: Added a top-10 at the European Tour's BMW Masters in late October, shooting four sub-70 rounds in Shanghai to T6.
  • Emirates Australian Open: Finished T4 at the Emirates Australian Open in mid-December, just three shots off Peter Senior's winning score. Shot a final-round 76 at the Lakes GC in Sydney, while Senior shot a 72.
  • DP World Tour Championship: Was tied for seventh, six strokes off the lead when the final round of the European Tour's final event of the season, the DP World Tour Championship, began. Played a flawless round of golf at the Jumeirah Golf Estates. Made four birdies on his front nine and four more on the back, along with an eagle-3 at the par -5 14th hole, to shoot a 10-under 62. Eventually finished solo second, two strokes behind winner Rory McIlroy. Finished second in the Race to Dubai rankings, behind McIlroy.

Picked up his third win on TOUR, at the BMW Championship, to propel him to a career-best fifth-place finish in the FedExCup. Made 18 of 23 cuts and had a career-best with 12 top-25 finishes.

  • OMEGA Mission Hills World Cup: Playing in his third World Cup, he joined with Ian Poulter to represent England on the way to a T2 finish. Came from well behind the pack on the strength of a foursomes 63 Sunday at Mission Hills GC's Blackstone Course.
  • World Golf Championships-HSBC Champions: Enjoyed his 13th top-25 finish of the season when he shot a final-round 66 at the World Golf Championships-HSBC Champions to move up the leaderboard into a T7 in Shanghai.
  • BMW Championship: Entered the BMW Championship No. 34 in the FedExCup standings and moved to No. 3 with his third-career victory, securing his spot in the following week's TOUR Championship by Coca-Cola. Opened the event with an 8-under 63, equaling the best opening round in BMW Championship history. He held at least a share of the lead the rest of the way en route to becoming the first European winner of a PGA TOUR Playoffs event and the first to win the BMW Championship since Harry Cooper in 1934. The final round was nip and tuck most of the day with John Senden, but he secured the deal with a chip-in for birdie on the par-4 17th hole from 35 feet, 10 inches on his way to an even-par 71 and a two-stroke victory over Senden. The win was just the second in eight attempts when he's taken the lead/co-lead into the final round on the PGA TOUR.
  • The Barclays: Next top-10 finish came 11 starts later and in the season's first PGA TOUR Playoffs event, a T6 at The Barclays with rounds of 67-65-67.
  • Arnold Palmer Invitational presented by MasterCard: Finished T3 at the Arnold Palmer Invitational, thanks to a final-round 68 and a birdie on the 72nd hole to finish two behind champion Martin Laird.
  • Transitions Championship: Held a 1-shot lead through 54 holes at the Transitions Championship at 13-under-par, but faded to a T5, his second top 10 of the year, with a final round 74. Consecutive 65s in the second and third rounds were his lowest back-to-back rounds on TOUR since he shot 64-62 in the first two rounds of the 2010 Travelers Championship.
  • Northern Trust Open: Finished T9 at the Northern Trust Open to post first top-10 of the season.
  • Barclays Singapore Open: At the rain-shortened Barclays Singapore Open, he had all three rounds in the 60s to T9.

Season included his first two PGA TOUR wins at the Memorial Tournament and AT&T National. Returned to the TOUR Championship and finished 15th in the final FedExCup standings.

  • THE TOUR Championship presented by Coca-Cola: Finished T15 in his second career start at the TOUR Championship by Coca-Cola.
  • AT&T National: Held on for a victory at the AT&T National, his second victory of the season and of his career. Held a five-stroke lead entering the final nine, hit every green in regulation and made seven consecutive pars to finish the tournament and beat Ryan Moore by one stroke. Moore one-putted his last eight greens, including a 12-foot par putt on the 18th hole, for a Sunday-best 65 to make it a battle. Rose two-putted up a dangerous ridge on the tough 17th for par. And with the Fourth of July fireworks booming in the distance, he hit the fairway and green for one last par on the final hole. Rose finished the AT&T National at 10-under 270.
  • Travelers Championship: In his next start, was atop the leaderboard through the first three rounds of the Travelers Championship. Set a career low with an 8-under 62 in the second round and began the final round with a three-stroke lead. Struggled on Sunday with a 5-over 75 to finish T9.
  • the Memorial Tournament presented by Nationwide Insurance: Overcame a four-stroke deficit with a final-round 66 to win the Memorial Tournament for his first PGA TOUR title. Ran off three consecutive birdies before the turn, made a 20-foot par putt to keep his momentum, then seized control when third-round leader Rickie Fowler took a double bogey with a tee shot into the water on the 12th hole. Fowler shot 73 to finish three shots behind. Finished at 18-under 270 with three rounds in the 60s at Muirfield Village GC.
  • The Honda Classic: Birdied the first four holes on the way to a course record-tying 6-under 64 to finish third at The Honda Classic. Was six strokes behind champion Camilo Villegas.

Surpassed $1 milion in earnings for the sixth consecutive season. Posted two top-10s in 22 starts on the season.

  • Children's Miracle Network Classic: Closed out the season with a T4 finish at the Children's Miracle Network Classic to remain as that tournament's career scoring average leader.
  • Wyndham Championship: Finished T5 at the Wyndham Championship for his seventh top 25 of the season. Prior to first-round and third-round 65s, the last time he shot a 65 was the first round of the 2008 Travelers Championship.

Surpassed $1 million in earnings for the fifth consecutive season after making the cut in 10 of 15 starts. Finished No. 99 in earnings for fifth consecutive season inside the top 100.

  • Ryder Cup: Made first Ryder Cup appearance at Valhalla where he recorded a 3-1-0 record (one of only three winning records on the European team), including a 3-and-2 Singles victory over Phil Mickelson.
  • PGA Championship: Finished T9 at the PGA Championship, his first top-10 in a major since finishing T10 at the 2007 U.S. Open.
  • the Memorial Tournament presented by Morgan Stanley: First top-10 was a T2 finish at the Memorial Tournament. In four career starts at Muirfield Village GC he has two top-fives (2004, fourth).
  • Masters Tournament: In fourth career Masters start, shared first-round lead with Trevor Immelman after a 4-under-par 68. Leader or co-leader after 18 holes at the Masters for the third time (2004, 2007, 2008). Finished T36.

Played in all four FedExCup Playoffs events en route to finishing 16th on the points list. Set (then) personal bests in earnings ($2,705,875) and top-10 finishes (seven) after making 15 of 16 cuts on the season. Finished in the top 12 at all four major championships. Finished first on the European Tour's order of merit. Won the Volvo Masters in a playoff in early November to capture the order of merit. Moved to seventh in the World Ranking with the victory. Missed the better part of two months after the Masters due to a back injury.

  • BMW Championship: Four rounds in the 60s resulted in a T5 at the BMW Championship.
  • World Golf Championships-Bridgestone Invitational: Runner-up to Tiger Woods at the World Golf Championships-Bridgestone Invitational, thanks to a final-round, 2-under 68, his second career runner-up finish on TOUR.
  • U.S. Open Championship: One of five players to record top-10s at first two majors of 2007, notching a T10 at the U.S. Open at Oakmont CC.
  • Masters Tournament: Finished T5 at the Masters Tournament, tying his career-best finish in a major championship. Shared the first-round lead of 69 with Brett Wetterich.
  • Bob Hope Chrysler Classic: Early in the TOUR season, had another near-miss at the Bob Hope Chrysler Classic, where he held or shared the lead after the second, third and fourth rounds. Entered the final round tied with Lucas Glover at 20-under par. Posted 76 in the wind-blown final round to finish third, missing a birdie putt on the 90th hole that would have forced a three-way playoff.
  • FUNAI Classic at the WALT DISNEY WORLD Resort: Set the Palm Course record with a 12-under-par 60 in the first round of the FUNAI Classic, breaking the record of 61 held by Mark Lye (1984) and Carl Pettersson (2005). Missed a 14-foot birdie try on 18 to shoot 59.
  • Valero Texas Open: Posted a T2 at the Valero Texas Open after sharing the first-round lead with a 6-under 64.
  • Australian Masters: Won first European Tour title in four years with a two-stroke win in the Australian Masters in late November.

Season highlighted by a pair of third-place finishes.

  • FUNAI Classic at the WALT DISNEY WORLD Resort: Second was a T3 at the FUNAI Classic at Walt Disney World Resort. Recorded four rounds in the 60s, including an 8-under 64 in the third round.
  • Buick Championship: First was a solo-third at the Buick Championship, where he held the 36- and 54-hole leads. Opened with bogey-free rounds of 65-63 to take a four-shot lead over Ben Curtis and Kevin Sutherland. Led Curtis by one entering final round after a third-round 70, but was overtaken by Brad Faxon (61) and Tjaart van der Walt (64) on Sunday, falling one shot short of a playoff after posting a 1-under-par 69.

Fared well in his first season as an official TOUR member, making 18 of 22 cuts, including four top-10s and earning more than $1 million.

  • Bell Canadian Open: Shot an 8-under 63 in the final round of the Bell Canadian Open, where he finished T4.
  • Masters Tournament: Making second Masters appearance, grabbed first- and second-round leads. Shot a 9-over-par 81 in the third round and finished T22.
  • Chrysler Classic of Tucson: Recorded hole-in-one in first round of Chrysler Classic of Greensboro, acing the par-3 17th hole with a 3-iron from 232 yards.

As a non-member, made more money than the 125th spot on the TOUR money list to earn his initial TOUR card.

  • Deutsche Bank Championship: Solo third in 16th professional TOUR start at the inaugural Deutsche Bank Championship. First-round 8-under-par 63 set the TPC Boston course record that was broken one day later by Adam Scott's 62.
  • U.S. Open Championship: Playing in his first U.S. Open, finished T5 and shared honors with Fredrik Jacobson for best finish by a first-time participant.

Delivered the huge potential which first became apparent in the 1998 Open Championship by capturing the Dunhill Championship on the European Tour at the start of the season. Went on to win the Nashua Masters title in South Africa and the Crowns Tournament in Japan. He then claimed the Victor Chandler British Masters after a battle with friend Ian Poulter.

Begun the season with successive second-place finishes in South Africa, the country of his birth, to ensure his playing rights for this season.

Finished ninth at European Tour qualifying tournament to keep his playing privileges for next season after coming within five spots of retaining his card.

Finished fourth at European Tour qualifying tournament to earn first card.

For a long time we’ve preached the wisdom of buying a high quality older coach and keeping it updated. You can often find former 1/2 million dollar motorhomes for pennies on the dollar that are still in impeccable shape because they were built to last.

Tight little RV spaces found in private parks aren’t usually our thing anyway.

And heck, older RVs are just sometimes what someone can afford to start pursing this lifestyle – or heck you just like vintage stuff. And there are some darn fine older RVs out there with lots of miles left on them with a little TLC.

This of course flies in the face of this 10 Year Rule.

But don’t freak out over it.

The rule isn’t that prevalent and if you have an older RV you might not tend towards luxury resort style parks anyways (not that all parks that call themselves ‘resorts’ are worthy of the label.)

There are well over 20,000 RV parking options out there, and only a tiny portion of them have rules like this. Public parks (such as state, county and federal) don’t tend to have any rules about the age or type of RV.

It will really only become an issue if a park with such a rule is your only option in an area you absolutely need to be at.

And if that’s the case, you have some choices:

While some parks may be lenient on the rule – if your travel plans and desires will have you frequently staying in higher end resorts or in areas where these rules might be prevalent, it may be best to just plan your RV purchase around this. Budget for and buy a newer RV.

Just like selecting a neighborhood to live in – if you want to paint your house purple, don’t select a neighborhood with a beige only rule.

World aquaculture of food fish and aquatic plants, 1990-2018

  • Aquatic algae – all aquaculture (mostly seaweed)
  • Other aquatic animals – all aquaculture
  • Crustaceans – inland aquaculture
  • Crustaceans – marine and coastal aquaculture
  • Molluscs – all aquaculture (mostly marine)
  • Finfish – marine and coastal aquaculture
  • Finfish – inland aquaculture

World aquaculture production of farmed aquatic animals has been dominated by Asia, with an 89 percent share in the last two decades or so. Among major producing countries, China, India, Indonesia, Viet Nam, Bangladesh, Egypt, Norway and Chile, have consolidated their share in regional or world production to varying degree over the past two decades.

The Seven Trumpets of The Prophecy

This is the prophecy. The prophecy is much more than seeing into the future. For the prophecy is not limited by the constraints of time. For the prophecy sees things as God intended them to be. And signs, science and symbols are the greatest tools of prophecy. For the prophecy sees things as they are, as they were, and as they always shall be.

And what are the Seven Trumpets ?

Now that the end is near, the music will stop, and the heavens will be silenced, and the seven trumpets will sound. (Revelation 8:1-15) A trumpet is a brass instrument, with a cylindrical tube, that flares out into a bell, and produces a resounding tone. The earliest trumpets were signaling instruments utilized for military or religious purposes. And the typical range for a trumpet is three octaves or seven overtones. And to trumpet symbolically means to sound a call of warning. And the first trumpet was a warning, that the Lord was to punish His people, for their idolatry with the calf on Mount Sinai. (Exodus 19:18-20) And the Lord instructed Moses, to use the trumpet as a remembrance, whenever they went into battle. (Numbers10:1-8) And the Lord instructed Joshua, to blow the trumpets for seven days, before the walls of Jericho would fall. (Joshua 6:3-7)And the Judgment Day is upon us. For were we not warned by our fathers, that the final trumpet would sound? (Psalms 98:6-9) And did the prophets of old not promise, that the final trumpets would blow? (Joel 2:1) And did our LORD not forewarn us, that the trumpet would sound His return? (Matthew 24:30-31) And did Revelation not foretell, that the wrath and the fire would come? (Revelation 8:1-11:15) But the time is nigh and the Judgment Day looms, so make haste to make peace with the Lord. For when the final trumpet sounds, His forgiveness will be gone, and each must face on their own, the wrath and test of fire. But when all debts are paid in full, &ldquothe trumpet will sound, and the dead will be raised imperishable, and we will be changed. For this perishable must put on the imperishable, and this mortal must put on immortality.&rdquo (1 Corinthians 15:51-53)

The First Trumpet :The real mystery of the movement of God's Spirit and Words can be found subtly spoken in the foundation of the Church on the day of Pentecost. In the book of Acts Chapter 2, the Apostle Peter quotes the prophet Joel, who says in the last days that God will pour out His Spirit on His people and that nonclerical sons and daughter would be revealed the mysteries of God. Such is so with the Author of this book. Although he is not a member of the clergy, Andrew the Prophet is receiving many revelations from God and how they relate to science and current world events.

The Second Trumpet :Truth is more apparent than man's thoughts may reveal. For God created man with the freedom of thought, that all men may search for the truth. For God created this world in the image of the truth. And the truth is discovered through knowledge. And knowledge can be found through mathematics and numbers. Mathematics is the science of logical patterns, and truth is established by deduction from these patterns. Yet most assume that mathematics is a science, yet science is limited by the laws of this universe. And though mathematics pertains to these laws, it extends beyond the laws of the universe. For the beauty of mathematics lies not in its complexity, but in its simplicity and the elegance of its truths. And the most elegant of math's truths exists in its foundation, and its foundation is based upon numbers. Numbers are symbols which are utilized for measuring and counting. And the simplest of numbers is natural numbers founded in Mesopotamia in 3400 BC. And through the Mayan and Hindu civilizations, the abstraction of numbers was founded through the conception of zero. But the most beautiful and complex of numbers are the transcendental numbers of e, i, and pi. For the mystery of numbers and the universe can be discovered in Euler's formula: And though knowledge is the beginning of truth, and truth is the knowledge of things as they are, man has blinded himself with ignorance. But man has despised knowledge and truth, and in ignorance has continued to sin against God. For through blinding ignorance man does not see, So let us strive to find knowledge and truth, for truth can be found in the foundation of "man's truth" - for the truth exists in Mathematics And Numbers.

The Third Trumpet :Physics is a branch of science which objectively observes nature, and qualitatively and quantitatively applies that information into logical theories and formulas. Yet many assume that the foundation and theories of physics are atheistic. In other words, that physics expounds upon both the foundation of this universe and proves the existence of the universe without God. However, all observations are based upon the human mind. And in order to communicate any theory or idea, they must be explained with symbols and language. And the symbols and language of physics are based upon numbers and symbols of the Greek alphabet. Thus in expose, allow me to expound objectively upon the nature of physics, upon the nature of numbers, upon the nature of the Greek alphabet, and upon the nature of God. For each objectively speaks of the same foundation which is truth. And by searching for the truth with objectivity, all men can hope to comprehend the truth. For ultimately truth explains the universe as it was,as it is, and as it always shall be.

The Fourth Trumpet :Prophecy is revealed concretely through the examination of man's own body. So hallowed is this manifestation, that God induced himself into our world by taking on our natural existence. For the scripture says in John 1:14 "the Word was made flesh" . Proof positive of our own kinship with God and his relationship to us. As a renown physician, Andrew the Prophet has spent a lifetime in observation of God's wonders made manifest in human form. His previous books revealed Prophecy through Signs, Science and Symbols, Mathematics and Numbers as well as Physics. Now he makes known the will of God in the Prophecy concerning the Fourth Trumpet (Revelation 8:12). Christ was very adamant about His physical Embodiment. After the resurrection He was the one who initiated the prospect of His disciples examining His bodily wounds (Luke 24:39-40). This is why Thomas, the missing disciple at this occurrence, wanted the same revelation. How marvelous was our Lord to preserve this evidence to be examined by him, and He wants all of us to know of his existence through the 'Embodiment'.

The Fifth Trumpet :Philosophy is derived from the Latin roots phil which means "love" and sophia which means "wisdom and understanding". Thus philosophy is the love of wisdom and understanding. And those who pursue philosophy search for wisdom and understanding. And those who love wisdom search for the truth, for they seek to understand God's words. And the prophets of old have sought for the truth. For prophecy is derived from the Greek root prophetia which means "to know the will of God". And whoever does the will of God is a child of God. For as the Son said "whoever does the will of God, he is My brother and sister and mother." (Mark 3:35) And by doing the will of God we vanquish the ignorance of foolish men. For "such is the will of God that by doing right you may silence the ignorance of foolish men." (1 Peter 2:15-16) And the greatest philosophers have sought for the truth. For as Plato said, "Is it not a bad thing to be deceived about the truth, and a good thing to know what the truth is? For I assume that by knowing the truth you mean knowing things as they really are." Thus the logical assumption would be to search for the truth. For as the Son said "Ask, and it will be given to you seek, and you will find knock, and it will be opened to you. For everyone who asks receives, and he who seeks finds, and to him who knocks it will be opened." (Matthew 7:7-8) And in searching for the truth, we can expound upon the thoughts of the greatest philosophers. For by truth we shall know things as they were, as they are, and as they always shall be.

The Sixth Trumpet :East is derived from the Greek root aurion which means "arisen". And both knowledge and truth have arisen from the East. For many of God's children have spread to the East. For as God promised to the forefathers, "I am the LORD, the God of your father Abraham and the God of Isaac the land on which you lie, I will give it to you and to your descendants. Your descendants will also be like the dust of the earth, and you will spread out to the west and to the east and to the north and to the south and in you and in your descendants shall all the families of the earth be blessed." (Genesis 28:13-14) And many truths have been enlightened by the philosophies of the East. For philosophy is derived from the Latin roots phil which means "love" and sophia which means "wisdom and understanding". Thus philosophy is the love of wisdom and understanding. For the philosophers of the East have sought for wisdom and understanding. But the antithesis of wisdom and understanding is ignorance. And many Western philosophers have ignored the philosophies of the East. But "what you worship in ignorance, this I proclaim to you. 'The God who made the world and all things in it, since He is Lord of heaven and earth, does not dwell in temples made with hands nor is He served by human hands, as though He needed anything, since He Himself gives to all people life and breath and all things and He made from one man every nation of mankind to live on all the face of the earth, having determined their appointed times and the boundaries of their habitation, that they would seek God, if perhaps they might grope for Him and find Him, though He is not far from each one of us for in Him we live and move and exist , as even some of your own poets have said, 'For we also are His children.'" (Acts 17:23-28)

The Seventh Trumpet: When the Seventh Trumpet is blown, all the books will be laid open and the Truth will be known.

How to Calculate Depreciation

With all of the rules and regulations governing depreciation, and the various methods of depreciation, one may find it difficult to actually calculate depreciation. This post will hopefully serve as a basic comprehensive guide to calculating depreciation under different circumstances. The following examples are based upon use of half year averaging convention.

Straight-Line Method:
Annual Depreciation Expense = (Cost of Asset – Salvage Value)/Estimate Useful Life

Example: A machine costs $75,000 to purchase and has estimated useful life of five years, upon which time it will have an estimated salvage value of $5,000. Using the formula above, we can determine that annual depreciation will be $14,000 per year. ($75,000-$5,000)/5 Years = $14,000. The effect of the half year averaging convention is to reduce the first year depreciation by 1/2. Therefore, the 1st year’s depreciation of $14,000 will be reduced to $7,000 The simplicity of this calculation is why many prefer to use this method.

(Cost – Salvage)/Recover Period
($75,000 – $5,000)/5=$14,000 with half year convention.
Note: $14,000 in this example is normal annual depreciation. Based on the following assumptions, the allowed depreciation is:
-Tax/accounting year end of 12/31
-Annual depreciation of $14,000
-With half year convention, 1/2 or $7,000 is allowed.

  • Acquired in January =$7,000/12=$583.33 per month allowed
  • Acquired in March = $7,000/10=$700 per month allowed
  • Acquired in August=$7,000/5=$1,400 per month allowed
  • Acquired in December=$7,000/1=$7,000 for the month of December

Declining Balance Methods:

(Book value at beginning of year) X (Depreciation Rate)
Book Vale = Cost of asset – accumulated depreciation

Using the same example as before, let’s calculate the annual depreciation using the double declining balance method. The straight-line depreciation rate would be 20%. (100%/5 years = 20%) Under the double declining balance method, the rate would be 40% (20% x 2). Below are years 1-10 and their corresponding depreciation values. Assume that the machine was bought and placed in service July 1.

For 200% Declining Balance: (1/Recovery Period) X 2 i.e. 1/5=.20–> .20 x 2 = .40
For 150% Declining Balance: (1/Recovery Period) X 1.5
i.e. 1/5=.20–> .2 X 1.5 =.30

  • Year 1: $75,000 X 40%=$30,000** To reflect the half-year convention divide $30,000 by 2 to get $15,000 as the amount of depreciation for the first year.
  • Year 2: ($75,000 – $15,000) X 40% = $24,000 of depreciation.
  • Year 3: ($75,000 – $39,000) X 40% = $14,400 of depreciation.
  • Year 4: Here there is a switch back the straight line method as the amount depreciated under the double declining balance would be less than under the straight line method. Thus, depreciation is $8,640
  • Year 5: Depreciation will be $7,960 to maintain a book value equal to the salvage value of $5,000. features a powerful on-line depreciation calculator, here are 5 reasons to see it for yourself:

New Delhi (Delhi, India), March 13, 2020

Indian Government Increases Dearness Allowance Rate for the Central Government Employees to 21%

The Government of India has hiked the Dearness Allowance (DA) for the central government employees by 4% from 17 percent to 21 percent of the of basic salary with effect from January 01, 2020. This will benefit about 48.34 lakh central government employees.

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, had approved this increase of the dearness allowance rate to the central government employees in its meeting held on Friday, March 13, 2020.

In accordance with the accepted formula based on the recommendations of the Seventh Central Pay Commission (7th CPC), the dearness allowance is admissible on the basic pay to all categories of the central government employees.

Currently, the minimum basic salary among the serving central government employees in India is ₹18,000 and the maximum basic salary is ₹250,000 per month.

To compensate the central government employees for the rising cost of living, the dearness allowance is sanctioned twice a year and is payable from 01 January and 01 July.

Effective July 01, 1986, the revision of the dearness allowance for the central government employees is based on cost of living index.

The dearness allowance, payable to the central government employees, is determined with reference to a calculation based on the All India Consumer Price Index Number (AICPIN) for the Industrial Workers (Base 2001 = 100). The Central Statistics Office of the Ministry of Statistics and Programme Implementation releases AICPIN data every month.

As per the normal practice, the Government of India uses CPI-IW data for the past 12 months to calculate any dearness allowance hike for the central government employees. Accordingly, the retail inflation for industrial workers from January 01, 2019 to December 31, 2019 was used to compute the increase in dearness allowance this time.

Expected DA for Central Government Employees in 7th Pay Commission with effect from July 01, 2020

As per the standard calculation based on the All India Consumer Price Index Number for Industrial Workers (CPI-IW), the expected DA for the Central Government Employees in the Seventh Central Pay Commission effective July 01, 2020 is likely to be an additional 5% of the of basic salary.

The retail inflation for industrial workers between July 01, 2019 and June 30, 2020 will be used to compute the increase in dearness allowance with effect from July 01, 2020.

Thus, the revised dearness allowance for the central government employees is likely to be 26 percent of the basic pay with effect from July 01, 2020.

7th Central Pay Commission: Historical Dearness Allowance Rates for Central Government Employees

July 01, 2020 Dearness Allowance Rate: 26% (Expected)

January 01, 2020 Dearness Allowance Rate: 21%

July 01, 2019 Dearness Allowance Rate: 17%

January 01, 2019 Dearness Allowance Rate: 12%

July 01, 2018 Dearness Allowance Rate: 9%

January 01, 2018 Dearness Allowance Rate: 7%

July 01, 2017 Dearness Allowance Rate: 5%

January 01, 2017 Dearness Allowance Rate: 4%

July 01, 2016 Dearness Allowance Rate: 2%

January 01, 2016 Dearness Allowance Rate: 0%

6th Central Pay Commission: Historical Dearness Allowance Rates for Central Government Employees

January 01, 2016 Dearness Allowance Rate: 125%

July 01, 2015 Dearness Allowance Rate: 119%

January 01, 2015 Dearness Allowance Rate: 113%

July 01, 2014 Dearness Allowance Rate: 107%

January 01, 2014 Dearness Allowance Rate: 100%

July 01, 2013 Dearness Allowance Rate: 90%

January 01, 2013 Dearness Allowance Rate: 80%

July 01, 2012 Dearness Allowance Rate: 72%

January 01, 2012 Dearness Allowance Rate: 65%

July 01, 2011 Dearness Allowance Rate: 58%

January 01, 2011 Dearness Allowance Rate: 51%

July 01, 2010 Dearness Allowance Rate: 45%

January 01, 2010 Dearness Allowance Rate: 35%

July 01, 2009 Dearness Allowance Rate: 27%

January 01, 2009 Dearness Allowance Rate: 22%

July 01, 2008 Dearness Allowance Rate: 16%

January 01, 2008 Dearness Allowance Rate: 12%

July 01, 2007 Dearness Allowance Rate: 9%

January 01, 2007 Dearness Allowance Rate: 6%

July 01, 2006 Dearness Allowance Rate: 2%

January 01, 2006 Dearness Allowance Rate: 0%

5th Central Pay Commission: Historical Dearness Allowance Rates for Central Government Employees

Inflation Neutralization: 100% for all Basic Pay Ranges

Dearness Pay: 50% DA of Basic Pay was made as Dearness Pay with effect from April 01, 2004

January 01, 2008 Dearness Allowance Rate: 97% (47% on Basic Pay + Dearness Pay)

July 01, 2007 Dearness Allowance Rate: 91% (41% on Basic Pay + Dearness Pay)

January 01, 2007 Dearness Allowance Rate: 85% (35% on Basic Pay + Dearness Pay)

July 01, 2006 Dearness Allowance Rate: 79% (29% on Basic Pay + Dearness Pay)

January 01, 2006 Dearness Allowance Rate: 74% (24% on Basic Pay + Dearness Pay)

July 01, 2005 Dearness Allowance Rate: 71% (21% on Basic Pay + Dearness Pay)

January 01, 2005 Dearness Allowance Rate: 67% (17% on Basic Pay + Dearness Pay)

July 01, 2004 Dearness Allowance Rate: 64% (14% on Basic Pay + Dearness Pay)

January 01, 2004 Dearness Allowance Rate: 61% (11% on Basic Pay + Dearness Pay)

July 01, 2003 Dearness Allowance Rate: 59%

January 01, 2003 Dearness Allowance Rate: 55%

July 01, 2002 Dearness Allowance Rate: 52%

January 01, 2002 Dearness Allowance Rate: 49%

July 01, 2001 Dearness Allowance Rate: 45%

January 01, 2001 Dearness Allowance Rate: 43%

July 01, 2000 Dearness Allowance Rate: 41%

January 01, 2000 Dearness Allowance Rate: 38%

July 01, 1999 Dearness Allowance Rate: 37%

January 01, 1999 Dearness Allowance Rate: 32%

July 01, 1998 Dearness Allowance Rate: 22%

January 01, 1998 Dearness Allowance Rate: 16%

July 01, 1997 Dearness Allowance Rate: 13%

January 01, 1997 Dearness Allowance Rate: 8%

July 01, 1996 Dearness Allowance Rate: 4%

January 01, 1996 Dearness Allowance Rate: 0%

4th Central Pay Commission: Historical Dearness Allowance Rates for Central Government Employees

Inflation Neutralization: 100% for all Basic Pay below Rs. 3,500 75% for all Basic Pay from Rs. 3,501 to 6,000 65% for all Basic Pay above Rs. 6,000

Watch the video: St Alexius Of Rome. Saint of the Day with Fr Lindsay. 17 July 2021 (August 2022).