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Michael Phelps wins 19th Olympic gold, Katie Ledecky breaks record #CANNews
Michael Phelps produced a vintage performance to claim an astonishing 19th Olympic gold medal of his career on Sunday. The 31-year-old, who quit the sport after the 2012 Games, was back with a bang in Rio as Team USA eased to victory in the 4x100 meters freestyle relay. Phelps, who produced a stunning second leg, has now won 23 medals in total, extending his record as the most decorated Olympian of all time. With son Boomer in attendance, Phelps did his kid proud, along with teammates Caleb Dressel, Ryan Held and Nathan Adrian. It was the second gold of the night for the U.S. after Katie Ledecky produced an astonishing performance to win gold in the 400m freestyle. The 19-year-old smashed her own world record to win in a time of 3:56.46 -- nearly five seconds ahead of her closest rival. Ledecky's previous best in the 400m was in August 2014, when she came home in 3:58.37 at the Pan Pacific Championships. But she tore that time to pieces to finish ahe
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Japan FY2020 budget deficit to narrow to 5.5 trillion yen - sources #CAPMondayBusinessTip
Japan's Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shinzo Abe attends a news conference following a victory in the upper house elections by his ruling coalition, at the LDP headquarters in Tokyo, Japan, July 11, 2016. Japan's primary budget deficit is expected to be around 5.5 trillion yen ($51.77 billion) in fiscal 2020, improving from a 6.5 trillion yen deficit earlier projected but still missing the goal of a surplus, government sources who have seen the figures said on Monday. The primary budget deficit is expected to narrow partly because of the sluggish inflation outlook, with lower prices helping suppress government spending, said one of the sources, who spoke on the condition of anonymity. The forecast is also based on the assumption economic growth would pick up, the source said. Japan's government cut its forecasts for consumer prices earlier this month, saying it expected them to rise 1.4 percent for fiscal 2017, well bel
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