The post How Golf Supports Our Troops appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project) Getty Images for The Headstrong Project As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations. Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops. Food and Facilities Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II. PXG Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012. “Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides… The post How Golf Supports Our Troops appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project) Getty Images for The Headstrong Project As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations. Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops. Food and Facilities Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II. PXG Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012. “Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides…

How Golf Supports Our Troops

NEW YORK, NEW YORK – NOVEMBER 07: Bob Parsons speaks onstage at The Headstrong Project Annual Gala 2024 on November 07, 2024 in New York City. (Photo by Chance Yeh/Getty Images for The Headstrong Project)

Getty Images for The Headstrong Project

As we celebrate Veterans Day on Tuesday, November 11, we examine the link between golf and our troops, from charities to commemorations.

Veterans Day traces its roots to Armistice Day, first observed on November 11, 1919, marking the end of World War I. The date was officially recognized as a federal holiday in 1938. World War I also marked the first time golf contributed directly to the troops.

Food and Facilities

Golf’s popularity in the United States surged following Francis Ouimet’s U.S. Open win in 1913. That explosion of interest sparked a nationwide golf course construction boom. Many of these sites were once seaside plains or farmland. During both World Wars, golf courses and country clubs were repurposed to produce food or serve as training grounds for soldiers. Famous courses like Augusta National and The Lido assisted in military efforts during World War II.

PXG

Parsons Xtreme Golf (PXG) is a veteran-owned golf company that provides service members with significant discounts on clubs, accessories, and apparel. The owner, Bob Parsons, is a Marine who served as a rifleman in the 1st Battalion, 26th Marines during the Vietnam War. PXG offers a standing 20% discount to all who have served in the U.S. military. Through its associated charity, Double Down, PXG has helped raise over $249 million since 2012.

“Serving as a U.S. Marine taught me that the mission doesn’t end when you come home,” said Bob Parsons, a U.S. Marine Corps Vietnam War veteran. “Veterans and their families face ongoing battles — some visible, many hidden. The Fund provides critical support in those moments, helping them rebuild and succeed.”

Source: Semper Fi & America’s Fund Press Release

Bob and Renee Parsons have committed up to $7.5 million to match funds raised by the Semper Fi & America’s Fund dollar for dollar. The nonprofit supports injured, ill, and wounded service members, veterans, and their families.

Folds of Honor

Founded in 2007 at a golf course that would later become American Dunes, Folds of Honor has raised over $290 million and awarded 62,000 scholarships to the families of fallen soldiers. Founder Lt. Col. Dan Rooney, an F-16 fighter pilot and PGA professional, has combined his passions for service and golf to drive the organization’s mission. Through apparel partnerships and the American Dunes Golf Club, co-designed by Rooney and Jack Nicklaus, millions are raised annually through the game of golf.

PONTE VEDRA BEACH, FL – MARCH 08: Volunteers unfurl the American Flag during the Military Appreciation Ceremony prior to THE PLAYERS Championship on THE PLAYERS Stadium Course at TPC Sawgrass on March 8, 2022, in Ponte Vedra Beach, FL. (Photo by Chris Condon/PGA TOUR via Getty Images)

PGA TOUR

Golf Courses

The U.S. military owns and operates more than 150 golf courses across the country and around the world at its various bases. These range from championship-level layouts to a simple two-hole pitch-and-putt in Iraq. Some rank among the best public-access courses in the world, including Kaneohe Klipper in Hawaii and Eisenhower Golf Club in Colorado.

Golf memberships for active duty troops remain highly affordable, and many courses incorporate elements of veteran appreciation or patriotic design. American Dunes in Michigan, for example, is a collaboration between Folds of Honor and Jack Nicklaus, built to honor the fallen and support veteran causes.

War Time

Professional golf has experienced several hiatuses, most notably during the World Wars. While the sport in the U.S. was less affected than in Europe, American professionals saw their tournament schedules reduced or postponed, with many conscripted into military service.

Those who were too old or medically ineligible supported the war effort through charity exhibitions. In 1917 and 1918, the USGA’s Liberty Tournaments raised over $1 million for war relief. Newspapers chronicled golfers like Bobby Jones, Chick Evans, and Walter Travis as they traveled the country playing exhibition matches before thousands of spectators.

PGA HOPE

The PGA of America and its 38,000 professionals continue to support the military community through PGA HOPE (Helping Our Patriots Everywhere). This initiative introduces and teaches golf to veterans and active duty service members to improve their physical, mental, social, and emotional well-being. Led by PGA professionals, the program offers free 6–8 week golf instruction camps focused on skill development and community connection.

Source: https://www.forbes.com/sites/break80/2025/11/10/from-fairways-to-frontlines-how-golf-supports-our-troops/

Market Opportunity
BOB Logo
BOB Price(BOB)
$0.01167
$0.01167$0.01167
-2.42%
USD
BOB (BOB) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bank of China Launches Cross-Border Digital RMB Payments in Laos

Bank of China Launches Cross-Border Digital RMB Payments in Laos

Bank of China completes first cross-border digital RMB payment in Laos, marking a key milestone in digital currency use.
Share
coinlineup2025/12/28 04:58
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12