Texas A&M's Turgeon agrees to take Maryland position
Texas A&M's Mark Turgeon has agreed to become the next coach at the University of Maryland, a source tells CBSSports.com. An official announcement is expected shortly. Maryland is replacing Gary Williams following his sudden retirement last week after 22 years leading the Terrapins, a run that included winning the national championship in 2002. Turgeon took over at Texas A&M for Billy Gillispie, who was hired by Kentucky. Since taking over the Aggies, he has a record of 97-40, taking the team to the NCAA tournament in each of his four seasons. Before going to College Station, 2011 air max he spent seven seasons at Wichita State. Endeavour's STS-134 mission was originally slated to last 14 days, but NASA has officially extended it to a 16-day voyage to allow the astronauts to complete more get-ahead work on orbit. Senator Sherrod Brown, a Democrat from Ohio, urged the administration to press China on the currency and also said Congress should pass legislation to protect American workers from an undervalued yuan. Brown and Senator Olympia Snowe, a Republican from Maine, have proposed a measure to allow additional sanctions to address currency issues. “China’s unfair currency manipulation has gone on for far too long, and it’s clear that legislation is needed to level the playing field,” Brown said in a statement. Geithner used the first day of the Strategic and Economic Dialogue to emphasize signs of progress in relations between the two nations. On “Charlie Rose,” he said China is moving “gradually” to avoid upsetting its economy, allowing the yuan to rise about 5 percent against the dollar since last June, or about 10 percent in inflation-adjusted terms. “The Chinese economy is certainly in a position where it’s strong enough it can withstand the pressures that come with letting your currency rise,” Geithner said. If China doesn’t allow its currency to strengthen, then “China will face a higher risk of inflation going forward.” Consumer prices in China grew 5.4 percent in March from a year earlier, the fastest pace in 32 months, partly driven by rising oil and food prices. Wang said China’s inflation is “the most pressing problem we face right now” and is an issue the government needs to tackle this year. Its solution will involve not only monetary and fiscal policies, but also how China will shift its economic structure, he said. The U.S. job market has been improving along with overall economic growth, Wang said. At the same time, the housing market has not yet recovered from the financial crisis and could cause further problems. “The policy of quantitative easing in the United States has brought back some confidence in the U.S. capital market, and that, in turn, has created some wealth returns,” Wang said. “Still, I believe housing is a big issue we have to take seriously and start being fully addressed.”