The 1981 World Series of Poker continued on in the long standing tradition of the growth of the sport. Over the decade previous to 1981 the sport had grown tremendously. With the growth more and more players were entering the tournament each year in attempts to capture the great deal of money that was available to the winner of the Main Event at the World Series of Poker. 1981 was no exception for the continued growth as the overall field increased to 75 players looking for the title.

1980 featured a surprise ending as an unknown player managed to capture the attention the nation. Stu Ungar became the youngest winner ever in the World Series of Poker and took home $365 Wayne Gretzky Oilers Jersey ,000 the year before. Although many saw this victory as pure luck, the young player made his way deep into the tournament once again in 1981.

On day one the field was cut into pieces very early. After just one day nearly half of the field was eliminated, leaving just 38 players to compete for the title. This included skilled and young players alike. The second day did not treat many players any better as the field continued to be carved up. By the third day only a few prominent players remained.

The 1981 World Series of Poker looked to be an exciting one as so many of the top players were gone. It left a feeling of mystery in the air as many people wondered if someone could be like Stu Ungar was the year before. On top of that, many people wondered if Stu Ungar would continue on in the luck that he drew the year before in his victory.

The third day sent home poker legend Doyle Brunson. Of the 9 remaining players in the 4th day Ryan Smyth Oilers Jersey , only 2 of them had been champions in the World Series of Poker previous to the event. It looked as though the World Series of Poker would once again be wide open and have a surprise winner again.

Within 70 minutes of each other, three of the remaining players fell. This included Bobby Baldwin. Bobby Baldwin was one of the few ex-champions remaining before his elimination. With this, only Stu Ungar remained as a former champion.

One by one the players were eliminated. Stu Ungar, the magic man from the year before Ryan Nugent-Hopkins Oilers Jersey , continued on through the ranks until he was one of the final two players. The other player left at the table was Perry Green.

As the game progressed it was clear that it would go down to the last card. Ungar had a great deal and he raised the stakes. Perry played with him until it Ungar went all in with the favorable hand. Perry called him and did not have enough to take the victory. Ungar?s cards were too good with the all-in and he managed to take home the championship for the second consecutive year. He was and is the only player to win the tournament two years consecutively.

WASHINGTON, Dec. 17 (Xinhua) -- The U.S. Federal Reserve said Wednesday that it can be patient in beginning to normalize the stance of monetary policy.


It reaffirmed the guidance to maintain federal funds rate at near zero target range for a consideration time following the end of asset purchase program in October, the Fed said in a statement released after a two-day meeting of its Federal Open Market Committee (FOMC), the Fed's chief body for monetary policy.


The patient approach Paul Coffey Oilers Jersey , a new wording in the FOMC statement, is consistent with its previous guidance and did not signify changes in monetary policy stance, said Janet Yellen at a press conference on Wednesday, adding that it's unlikely the Fed will raise rate for at least next couple of policy meetings.


The central bank said in the statement that the U.S. economic activity is expanding at a moderate rate since October Patrick Maroon Oilers Jersey , the same judgment to its October statement.


As for the recent decline in energy prices, the Fed said inflation has continued to run below the Fed's longer-run objective, partly reflecting declines in energy prices.


Yellen said at the press conference that the impact from falling energy prices will be transitory, and the committee expected inflation to rise gradually toward 2 percent as the labor market improves further and the transitory effects of lower energy prices and other factors dissipate.


In regard to labor market Nail Yakupov Oilers Jersey , the Fed said a range of labor market indicators suggested under-utilization of labor resources continued to diminish.


Employment is rising at a healthy rate and the U.S. economy is strengthening, reflecting in part a highly accommodative stance of monetary policy, said Yellen.


On the same day, the Fed also released its latest economic projections and the target federal funds rate projections.


The Fed's latest projections showed that the U.S. economy will expand at 2.3-2.4 percent this year Milan Lucic Oilers Jersey , higher than its September forecast of 2-2.2 percent. It maintained its forecast for 2015 GDP growth unchanged at 2.6-3 percent. Considering the improvements in the labor market, the central bank expected the unemployment rate to drop to 5.8 percent this year and further to 5.2-5.3 percent in 2015, both lower than its September projections.


In view of the lower energy prices, the Fed sharply cut its inflation projections. It expected the price index for personal consumption expenditures (PCE) to reach 1.2-1.3 percent this year Mark Messier Oilers Jersey , lower than its September forecast of 1.5-1.7 percent. In 2015, the inflation rate will stay around 1-1.6 percent.


Yellen said lower energy prices were positive to the U.S. economy, as they would boost household demand and act like tax cuts for families.


According to the forecasts, the median projected federal funds rate Mark Letestu Oilers Jersey , the Fed's main economic lever, was 1.125 percent for the end of 2015, lower than the September projection. This might indicate a slowing pace in rate increase. Most economists think the Fed's first rate increase would occur in June next year.

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