Stephon Marbury attends the Beijing International Film Festival April 16 Cheap Nike Air Max 1 Black
, 2015. [PhotoIC]
BEIJING - China Basketball Association (CBA) championships winning player Stephon Marbury from the Beijing Ducks has applied for a Chinese "green card", or permanent residence permit.
"I'm applying for a Chinese 'green card'," the former NBA star wrote Friday in his Twitter-like Weibo account.
China started to grant permanent residence permits to foreigners in 2004. Since then, about 5,000 foreigners have received permits.
Marbury, who left a 20 million US-dollar NBA contract behind six years ago to play basketball in Beijing Cheap Nike Air Max 95 Black , is now a settled superstar in China. He led Beijing to their third third and second straight Chinese basketball league title last month and was voted the CBA finals MVP.
The 38-year-old American is so popular in his adopted hometown that he was named honorary citizen of Beijing. Outside Beijing's home court Wukesong Stadium stands a Marbury statute built by his fans.
Once a lone wolf in NBA, Marbury is nicknamed by Beijing teammates as "political commissar", a Chinese military position whose work includes education, discipline inspection and uniting officers and soldiers.
Stephon Marbury celebrates after winning Game 3 of the China Basketball Association (CBA) championships series in Benxi of Liaoning province March 19, 2015. [PhotoXinhua]
U.S. stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street embraced the upset presidential election victory of Republican Donald Trump.
After warning for months that a Trump White House would create uncertainty and damage sentiment, investors poured money into sectors that may benefit from the former reality TV show star's victory.
That was a steep reversal from the previous night Cheap Nike Air Max 90 Black , when financial markets reacted violently as Democrat Hillary Clinton's path to victory disintegrated and S&P futures (ESc1) dropped 5 percent before a trading limit kicked in.
"The stock market is acting like a teenager. It makes a lot of demands but it doesn't know what it wants," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
Gains of over 3 percent each in the heavily weighted healthcare (.SPXHC) and financial (.SPSY) sectors pushed the Dow Jones industrial average up over 1 percent. The Dow was just shy of its record high.
The real estate sector (.SPLRCR) fell 2.28 percent and utilities (.SPLRCU) lost 3.68 percent. Both sectors are proxies for bonds, which also fell.
"Anything that Trump mentioned during the campaign, any industry he has mentioned Cheap Nike Air Max Black , favourably or unfavourably, is moving today big-time," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
A curb on drug pricing was a key campaign theme for Clinton, while Trump has called for repealing the Affordable Care Act and loosening restrictions on banks enacted after the financial crisis.
The Dow Jones industrial average (.DJI) jumped 1.4 percent to end at 18 Cheap Air Max 1 Black ,589.69, just 0.25 percent below its all-time high set in August. The S&P 500 (.SPX) surged 1.11 percent to 2,163.26 and the Nasdaq Composite (.IXIC) added 1.11 percent to end at 5,251.07.
Trading volume was the highest since June, when Britain voted to abandon the European Union.
DoubleLine Capital Chief Executive Jeffrey Gundlach, known as the 'Bond King Cheap Air Max 95 Black ,' said stocks rebounded strongly from overnight losses because investors believe Trump's policies are better for economic growth in the short-term than Clinton's.
Republicans maintained their majorities in both chambers of the U.S. Congress, potentially enabling the party to reshape Washington with two years of "unified" government.
"Regardless of the fact you had a Republican sweep, there are still checks and balances in place," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
"So you are going to have some of your more fiscally conservative Republicans that will certainly slow (Trump) down from doing anything crazy in terms of policy changes."
Wall Street is typically seen as preferring gridlock, or shared control of the White House and Congress Cheap Air Max 90 Black , over a sweep of both chambers of Congress and the presidency.
The CBOE Volatility index (.VIX), a gauge of investor anxiety, fell 23 percent and was on track for its biggest daily drop since late June.
Shares of big pharmaceutical companies gained, with Pfizer (PFE.N) jumping 7.07 percent, the biggest driver of the S&P 500's gains. The iShares Nasdaq Biotechnology ETF (IBB.O) surged 8.93 percent and was on track for its biggest daily percentage gain in eight years.
Among financials, JPMorgan Chase (JPM.N) surged 4.60 percent Cheap Air Max Black , while Wells Fargo (WFC.N) rose 5.38 percent.
Advancing issues outnumbered declining ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 2.59-to-1 ratio favoured advancers.
The S&P 500 posted 60 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 208 new highs and 98 new lows.
About 11.7 billion shares changed hands on U.S. exchanges, far above the 7 billion daily average over the last 20 sessions.
NANJING, China, Aug. 23 (Xinhua) -- For Bud Kling, the Olympic Games has been an important part of his life for years and he's in Nanjing to attend his 16th Olympic Games.
Kling has attended 13 Olympic Games and Nanjing 2014 is his third Youth Olympic Games. His first Olympic experience was in 1984 Cheap Nike Air Max 1 , when his hometown of Los Angeles hosted the summer Games.
"My first personal experience was in Los Angeles where I was a volunteer working with the TV media at the basketball venue," he said, "I was pretty much determined to make every Games from then on, as long as I possibly could."
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