Red Lions blast Perez-less Pirates in NCAA Finals opener

first_imgView comments Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Nadine Lustre’s phone stolen in Brazil Sports Related Videospowered by AdSparcRead Next Tim Cone, Ginebra set their sights on elusive All-Filipino crown Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award The Pirates showed some fight in the fourth quarter when they trimmed the deficit to only 10, 70-60, led by Mike Nzeusseu and Jaycee Marcelino but it was a case of too little too late.“I’m happy with the way we bounced back [in the fourth quarter]. We did not roll over and die,” Lyceum coach Topex Robinson said.Nzeusseu finished with 16 points and 14 rebounds while Marcelino added 13 points, five rebounds and three assists.The Red Lions shoot for their 22nd men’s basketball crown in Game 2 on Monday still at MOA Arena.ADVERTISEMENT Allen Durham still determined to help Meralco win 1st PBA title For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Robert Bolick had a tough shooting night but got his teammates involved and still came away with 12 points and nine assists.“We only achieved one thing and that’s winning Game 1. We haven’t done anything yet,” San Beda head coach Boyet Fernandez told reporters. FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“They (Lyceum) lost their number one scorer, their number player. it’s a different LPU team but again as i’ve said, with or without CJ, Lyceum is still a dangerous team,” Fernandez said.Lyceum needed every bit of Perez, who leads the league in scoring averaging 18.7 points on top of 8.4 rebounds, 3.9 assists and 3.3 steals a game. The do-it-all forward served a one-game suspension for failing to notify the league that he had applied for this year’s PBA Draft. Gov’t to employ 6,000 displaced by Taalcenter_img Don’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Fajardo leads Gilas’ 20-man pool for 5th window of Fiba World Cup Asian qualifiers LATEST STORIES MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Photo by Tristan Tamayo/INQUIRER.netDefending champion San Beda dominated a Lyceum side sorely missing its star CJ Perez, 73-60, in Game 1 of the NCAA Season 94 men’s basketball Finals Tuesday at Mall of Asia Arena.Javee Mocon set the tone for the Red Lions, who raced to an early double-digit lead that ballooned to as high as 27 in the fourth quarter, en route to a double-double effort with 14 points and 10 rebounds.ADVERTISEMENT Japeth Aguilar embraces role, gets rewarded with Finals MVP plumlast_img read more

Ramjattan booted as AFC’s leader

first_img… as party yet to clear M campaign debt…Trotman returns to head partyAlliance For Change (AFC) delegates on Saturday rejected incumbent leader Khemraj Ramjattan’s bid to be re-elected, instead choosing former leader and party co-founder Raphael Trotman.AFC delegates and supporters gathered in the Vreed-en-Hoop Primary as voting got underwayThe voting took place during the AFC’s fifth biennial National Executive Conference (NEC) at the Vreed-en-Hoop Primary School. When the dust settled, Trotman received 127 votes versus Ramjattan’s 125, thus being declared the winner.News of Trotman’s election was greeted by congratulatory messages from President David Granger, who is currently in The Dominican Republic attending the Community of Latin American and Caribbean States (CELAC) summit.Granger expressed enthusiasm in working with Trotman as the new leader and recommitted to the Cummingsburg Accord, which joins the AFC and A Partnership for National Unity (APNU) together.The Accord had designated responsibilities such as domestic affairs and chairing of Cabinet to AFC Executive and Prime Minister Moses Nagamootoo. When these things did not materialise, the Opposition had noted that Nagamootoo’s role was largely ceremonial. Nagamootoo has always insisted otherwise.Prime Minister Moses Nagamootoo as he addressed the crowd. Seated at the head table from left are Party Executives: Junior Indigenous People’s Affairs Minister Valerie Garrido-Lowe; Agriculture Minister Noel Holder; Business Minister Dominic Gaskin; Public Telecommunications Minister Catherine Hughes; Public Security Minister Khemraj Ramjattan; Natural Resources Minister Raphael Trotman; and Public Infrastructure Minister David PattersonMeanwhile, after Trotman’s victory in the leadership race and Public Telecommunications Minister Cathy Hughes’ decision to withdraw, Ramjattan was declared Chairman of the party.Hughes was declared Vice Chairperson, beating challenges from junior Indigenous People’s Affairs Minister Valerie Garrido-Lowe and Audwin Rutherford. With Hughes receiving 116 votes, her margin over Lowe – 76 votes and Rutherford – 47, was a gaping one.Public Infrastructure Minister David Patterson was also defeated in his bid for re-election as General Secretary by Marlon Williams, who gained 125 votes versus Patterson’s 83. Michael Carrington, the third contender, received 12 votes.There had been much contention about Ramjattan’s intent to accept nomination for the leadership of the party. Many observers, including persons affiliated with the party, had pointed out provisions in the AFC constitution prohibiting a leader from returning to a post for more than two terms.Article 19 (1) of the AFC’s constitution provides for the rotation of leaders within the AFC “so as to ensure a broader activism in leadership positions by the membership”.However, Ramjattan told reporters on Thursday that while the constitution was formulated to ensure the change of leadership was a necessity, it does not exclude those of whom might want to run for a third term or whom might be nominated to run.“… that formulation was never done in identical terms to what the national Constitution says, which eliminated after two terms. We were two very good lawyers who formulated it in that way which extends but a desirability – that’s why the world “ought” was used and not “shall” or “must”,” he explained.Natural Resources Minister Raphael Trotman, a co-founder of the party, had objected to the notion of one member holding the same position for more than two consecutive terms. In fact, Trotman, who helped to draft the party’s constitution, had asserted that the spirit of the constitution was to ensure that the leadership is constantly rotated.However, Ramjattan posited that this will result in the entire hierarchy of the party being excluded from running.According to Ramjattan, his reason behind accepting the nomination would be to create a precedent that indeed people can run for a third term if it is a necessity of the situation and the circumstances.He had justified continuing for another term by pointing out that he was nominated by his party’s membership. He had also said he provided high quality leadership since he assumed the role in 2012.last_img read more

“Demand more from your regional officials” – Harmon tells Mabaruma residents

first_imgMinister of State Joseph Harmon on Sunday, urged the residents of Mabaruma, Region One (Barima-Waini) and its surrounding communities to hold public officials, inclusive of those in Regional and Neighbourhood Democratic Councils (RDC/NDCs) accountable.Minister of State Joseph Harmon addressing residents at the Mabaruma Primary SchoolPublic officials, the Minister stated have been elected to serve and citizens must, therefore, demand that their interests and those of the community are addressed.Minister Harmon was at the time speaking at a community meeting held at the Mabaruma Primary School where he addressed concerns raised by residents.He told residents that Central Government would continue to play its part in ensuring that infrastructural, social and other needs were met but noted that the Regional and Neighbourhood Democratic Councils must also share in this responsibility.Harmon also said that community leaders and regional and local officials must understand their roles and endeavour to function efficiently. He posited that citizens suffer the most when leaders become complacent and do not serve in the best interests of those who elected them.“Our community leaders must face the community. If you cannot talk to your people and do things for them then they will not respect you or listen to you. You have to see people and see what they need. As a leader, you need to get on the ground and relate to people so that you can understand what is taking place. It is always important to come on the ground and get in touch with the people, with their feelings, with their understandings and what needs to be done,” Minister Harmon said.Several residents raised concerns about Government-sponsored programmes such as the Sustainable Livelihoods and Entrepreneurial Development [SLED] Project, community training and other capacity-building opportunities, which they said is only beneficial to one section of the community.Harmon assured the aggrieved residents that the Social Protection and Public Health Ministries along with other agencies would be consulted on the approach used to select candidates for programmes and initiatives. He made it clear that all must benefit from opportunities made available by the Government.Additionally, the Minister of State spoke of President David Granger’s Frontline Village Policy that was announced during his visit to Whitewater – also in Region One – earlier this year. The policy speaks to the establishment of military patrol bases and heightened 24-hour security by the Guyana Defence Force (GDF) and the Guyana Police Force (GPF).As such, Minister Harmon urged the residents to continue being vigilant as the country’s borders are expansive.last_img read more

Merrill Lynch CEO O’Neil falls from grace

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.The unfolding credit crisis claimed its biggest corporate casualty so far, although O’Neal walks away with an exit package worth $161.5 million. O’Neal’s downfall took just six days from the time Merrill reported that record loss, although some were surprised it took even that long. “What did him in so quickly is that O’Neal failed to develop supporters who would defend him and fight hard at the board or executive level,” said Richard X. Bove, an analyst with Punk, Ziegel & Co. “One of the reasons is that he fired 26,000 workers, some of which were his supporters, and that made him vulnerable.” Whoever replaces O’Neal faces a daunting task – so much so that the most widely tipped candidate, BlackRock CEO Laurence Fink, turned down an initial offer but has since engaged the board in active discussions, said a person with direct knowledge of the offer who was not authorized to speak publicly. Any successor will step into a Merrill Lynch that O’Neal aggressively transformed into a more diversified investment house from one that relied heavily on just stock trading. NEW YORK – Stan O’Neal was known as one of the most ruthless men on Wall Street – clawing his way up from an impoverished upbringing in Alabama to run the world’s largest brokerage. His tough, take-no-prisoners drive at Merrill Lynch & Co. was celebrated when he delivered record profits during his five-year tenure as CEO. But O’Neal, who was purportedly fond of saying “ruthless isn’t always that bad,” found out Tuesday that even he wasn’t immune to the cutthroat ways of Wall Street. After delivering investors a $2.24 billion quarterly loss – Merrill’s biggest since being founded 93 years ago – O’Neal was forced to retire by a board of directors that he mostly picked. The brokerage racked up record profits as he emphasized riskier bets than past Merrill CEOs. That strategy – which handed Merrill Lynch record results during the market’s peak – came with a heavy cost during the tumultuous third quarter. There is speculation by many analysts that Merrill Lynch faces a $4 billion writedown during the fourth quarter. This would be on top of a $7.9 billion charge taken last quarter, a stunning amount since Merrill originally said it would write down only $4.5 billion because of credit market turmoil. O’Neal, 56, accepted blame for the losses, which immediately led to calls for his ouster. Merrill Lynch still has a sizable portfolio of complex financial instruments called collateralized debt obligations, which combine slices of different kinds of risk. It was Merrill’s bet on CDOs, and the subprime mortgages underpinning many of them, that proved to be O’Neal’s downfall. Dealing with the risky portfolio will be the priority of co-presidents and chief operating officers Ahmass Fakahany and Gregory Fleming. Merrill Lynch said their duties will be split – with Fleming in charge of Merrill’s front-line businesses, such as its brokerage.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

WAR MEDAL FOR DONEGAL MAN – 70 YEARS ON

first_imgHugh McCrea of Ramelton finally gets his medal.A 91 year old Ramelton veteran of the Second World War has been honoured this week with medals of bravery from Russia for his part in the legendary Arctic Convoys.Hugh McCrea of Aughnish Road in Ramelton has been honoured 70 years after he was part of the legendary Arctic convoys that delivered essential supplies to the Soviet Union at the height of the Second World War.By John McAteer, editor of the Tirconail Tribune The Russian Embassy said the Ushakov Medal awarded to Hugh McCrea is according to the Decree of the President of the Russian Federation Vladimir V. Putin – “For personal courage and bravery shown during the World War II with the participation in the Northern Convoys”.The Medal was awarded on behalf of the Ambassador of the Russian Federation in Ireland H.E. Maxim A. Peshkov by the Defence Attache to the Embassy of the Russian Federation Colonel Alexey Y. Korkach and Assistant Defence Attache Major Victor E. Milyutin.The medal commemorates Admiral Fyodor Ushakov who never lost a battle and was proclaimed patron saint of the Russian Navy.Hugh joined the Royal Navy in Liverpool in 1943 and served for three years in the service during the darkest days of the conflict. More than 3,400 seamen died over four years from 1941 on missions to keep open supply lines to Soviet ports, travelling what Winston Churchill dubbed the “worst journey in the world”.Hugh served in the Royal Navy for three years at the height of the war as part of the Artic Convoy Protection Patrols.Now seventy years on, he’s been presented with the medal for his contribution to the patrols that guarded cargo vessels from German bombers and U-boats as the war raged across Europe.Hugh is one three surviving Irishmen to be presented with the honour this year. He has described the presentation as a very emotional and proud occasion and said he was one of the very lucky ones to survive.“I feel very honoured and very humbled and I’m lucky to have survived a shocking period in our history,” he adds. He also recalls meeting his future wife, Renee Corry while home on shore leave from the Navy. They later married and had a family of four. Renee, who was one of stalwarts of the Ramelton Pantomime for a generation passed away ten years ago.Hugh served as a telegraphist with the British Navy between 1943 and ’46 and was part of the huge war effort to protect commercial shipping on the North Atlantic routes and to the port of Murmansk in Russia. Hugh recalls ‘celebrating’ his 21st birthday aboard a British escort sloop HMS Magpie on escort duty off the Russian port in 1944.He received the medals from officials of the Russian Embassy on Tuesday morning when they visited his home.With naval escorts, around 1400 merchant vessels sailed from Britain, Iceland and North America to the Soviet ports of Archangel and Murmansk. Sailors braved freezing conditions to deliver essential food and munitions to the Soviet Union and Hugh McCrea has the most vivid recollections of the hardships, the bravery, the loss of lives and ships and the freezing conditions they had to endure.The convoys carried food, munitions, weapons and vehicles donated under the Allies’ lend-lease agreement. These supplies were vital to Russian troops on the Eastern Front, particularly those resisting the siege of Leningrad.85 merchant vessels and 16 Royal Navy warships were lost over the course of the campaign. 3000 lives were lost and Hugh pays tribute to the bravery of all his colleagues whose contributions defeated the forces of Hitler in what was the darkest period of the Second World War.The crewmen of the convoys endured constant threat of attack by enemy submarines, aircraft and surface ships as well as atrocious polar weather conditions. If ships were sunk, sailors died in minutes in freezing waters.Of the many who served in the Arctic convoys, it is thought that between 200 and 400 sailors, all now at least in their late 80s, are still alive.Hugh McCrea is proud to be among them as he prepares to celebrate Christmas with his daughter and family.Hugh trained as a telegraphist in Belfast and Portsmouth before joining the Royal Navy and later came home to Ramelton to help run the family auctioneering business on the Mall. Basil McCrea’s firm was among Donegal’s most important selling agents and shortly after coming back, Hugh took over the business and also began importing coal when RJ Gamble’s opted out of the fuel services.Hugh McCrea says his brother, Bill who is now 93 served for over 20 years in the Royal Airforce and was also highly decorated for his bravery and services to th war effort.Hugh McCrea’s son, Basil is currently an MLA in the Northern Ireland Assembly.WAR MEDAL FOR DONEGAL MAN – 70 YEARS ON was last modified: December 18th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalHugh McCreamedalRameltonRussialast_img read more

Best money can buy! The dream Diego Costa replacements for Chelsea this summer

first_img Kylian Mbappe (Monaco) – The majority of Europe’s elite clubs are chasing Mbappe’s signature this season, which is no surprise given the breakthrough campaign the teenager enjoyed at Monaco. The 18-year-old scored 15 in Ligue 1 and netted six in the Champions League to prove he’s more than capable of competing with the world’s finest players, despite his young age. He’ll cost an awful lot of money, but if the Premier League champions want to signal a major message of intent in the summer market, there can no better way to do so than by going all out for the Frenchman. 6 Alexandre Lacazette (Lyon) – Lacazette was one of the most in-demand players of the summer transfer window last year, but stayed put in Lyon and predictably continued to freely hit the back of the net in Ligue 1. He’s scored 76 league goals in the past three seasons combined, and plenty want the striker to now test his ability outside of the French top flight. Diego Costa has been told where to go by Antonio Conte, leaving Chelsea with a big player to replace in this summer’s market.The Premier League champions are yet to act in the transfer window, but rumours are beginning to intensify over possible targets.Chelsea no doubt have the funds to go all out for one of Europe’s top centre forwards – so who should they be going for?Scroll through the gallery above to check out six ‘dream’ replacements to Diego Costa. Alexis Sanchez (Arsenal) – Sanchez deserved to be ending the campaign with more than an FA Cup winners’ medal to take home. The Chilean carried Arsenal for much of last season, with it likely the north London outfit would have finished lower than fifth without his influence. While typically considered a winger, the 28-year-old was often played in a central attacking role and scored the majority of his 24 league goals in this position (17). The thought of Sanchez lining up with Eden Hazard is mouth-watering. 6 6 6 Pierre-Emerick Aubameyang (Borussia Dortmund) – It seems to be only a matter of time before Aubameyang moves on from the Westfalenstadion. The Gabon striker won the Bundesliga Golden Boot last season, beating Bayern Munich’s Robert Lewandowski to the honour with 31 goals. His pace in attack would lighten up any attack and he could help to bring out the very best in Eden Hazard. 6 Robert Lewandowski (Bayern Munich) – click the arrow above, right, to check out more ‘dream’ replacements to Diego Costa at Chelsea – Bayern were today forced to release a statement warning clubs over any approach for Lewandowski’s signature, with Sky Sports claiming Chelsea and Manchester United had held talks with the striker’s representatives. Only a tremendous offer would force the Bundesliga club to sell, but the aforementioned duo certainly have the finances to make it happen. The Poland international would be an upgrade to Diego Costa and the Stamford Bridge faithful will be dreaming about this deal, even if it is a little farfetched. Andrea Belotti (Torino) – It’s still early days in the career of Belotti, but he seems the real deal. The Italy international scored 26 goals in Serie A last season, more than double the tally he recorded in the previous campaign for Torino. His career is on the rise and he might well be tempted to see if he can replicate his form in the Premier League. 6last_img read more

HARPS PLEAD WITH PUBLIC TO GET BEHIND THE NEW FINN PARK DREAM

first_imgFinn Harps have appealed to supporters to take an “active role” in ensuring the club can plan for an exciting future in the new stadium currently under construction in Stranorlar.The club believes that the stadium project will offer huge short and long term benefits for both its supporters and the wider Donegal public once completed.But it needs the public to get behind the planned fundraising drive. Following a Government announcement in May, which confirmed that the first drawdown of grant money had been processed, the board of directors updated shareholders and supporters at Wednesday’s EGM on groundwork which has been completed at the new stadium site, and further works about to commence.Harps Chairman Joey O’Leary said that, due to difficult trading conditions, a huge collective effort is required to secure its future in the new Finn Park.“For the last two years the board of directors and I have been consistent in implementing our strategy for the club. Both the operational and playing costs have been significantly reduced, and the emphasis has been on offering younger players an opportunity in the senior game.“Everyone knows there is a desperate shortage of cash in circulation which is making trading conditions very tough for everyone. We have had no home games against Derry or Sligo this season, so our fantastic volunteers have had to work hard and be creative to make sure we cover costs. It is now vital that we adopt a more collective effort and an ‘all hands on deck approach’ over the coming weeks and months.” he said. O’Leary says there are huge incentives for the Northwest public to back the club’s fundraising drive.“We believe the new stadium project offers not just Finn Harps but the region as a whole an exceptional range of sporting and community benefits. The new arena will not only give Finn Harps a platform to develop into one of the leading clubs in the country, but it will also be an FAI Centre of Excellence which will offer that the best local young talent an environment where they can fulfil their potential” he addedThe Harps chairman also emphasised the wider benefits of the project including employment and the potential for the stadium to host large concerts and events.Harps are asking the public to support its two current fundraising ventures, the club’s annual Members/Monster Draw plus the Harps of Donegal CD joint venture with Rehab Donegal services.O’Leary said the Club are also asking Supporters to come forward and help the Club maximise return in both of these vital fundraisers. “There has been extraordinary work behind the scenes to keep senior football in the County and the Stadium offers everyone something special to work towards. Rather than People thinking “you build it and we will come” we are clearly hoping that more people will join us and say “we will help you get there,” he concluded.EndsHARPS PLEAD WITH PUBLIC TO GET BEHIND THE NEW FINN PARK DREAM was last modified: August 25th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:finn harpslast_img read more

PETER BAFFLES THE DOCS TO NOTCH UP HIS 100TH MARATHON

first_imgA Donegal man who was told by surgeons to stop running a number of years ago notched up his 100th marathon today!Peter celebrates with his 100th marathon medal!When Peter McGlynn underwent a quadruple heart by-pass after completing his 67th marathon, most thought his race days were behind him.A round of golf or a spot of fishing were probably what the doctor ordered. But those who knew the Letterkenny man allowed themselves a gentle smile at the thought of Peter throwing his runners into a cupboard to gather dust.But the Bomany man is no ordinary athlete.So when he completed his 100th such race this afternoon in Longford, some weren’t that surprised at all.As the former HSE employee puts it ‘They told me to perhaps not run another marathon but they said nothing about walking them.” Peter can be seen tramping the streets in and around Letterkenny and into the wider countryside most days.Peter celebrates with his friend Seamus Temple at the finish line today.If he’s not with his trusted friends Seamus Temple and Jimmy Harte, he’s alone but always raising a hand to the endless motorists who salute him.Today he nipped in under the six hour mark and told Donegal Daily he was delighted having reached a century of marathons.The ever-competitive athlete said “We were over three hours at the half-way stage so we had plenty of ground to make up.“I’m delighted we did and I’m delighted to have completed one hundred marathons. I feel great but I am tired. “I need a bit of a rest before I can even think of celebrating,” he said.Peter was met at the finish line by his friend and fellow marathon man Seamus Temple of Crievesmith, Letterkenny.At 70 years young Seamus completed the half marathon version of the race in preparation for the Dublin City Marathon in October.His friend Senator Jimmy Harte was also one of the first to congratulate Peter. Today Donegal Daily salutes Peter.He’s an inspiration to young and old that life is for living and not sitting around growing old.PETER BAFFLES THE DOCS TO NOTCH UP HIS 100TH MARATHON was last modified: August 25th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:heart by-passletterkennyMarathonPeter McGlynnlast_img read more

49er women’s golf ranked nationally

first_img Information for this report provided by the Long Beach State Sports Information office. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The 49er women’s golf team is ranked No. 28 in the country in the latest edition of Golfweek Magazine. LBSU is one of 12 teams from the West that are ranked in the top 30. Duke sits in the top spot, followed by Pepperdine, Purdue, Georgia and Arkansas. The 49ers are the highest-rated Big West Conference team, and UC Irvine is No. 58. The 49ers will next play in the Edean Ihlanfeldt on Oct. 10-12 at the Sahalee Country Club in Sammamish, Wash. Tennis begins The two-time defending Big West Conference champion 49er women’s tennis team will being its season this weekend when it competes at the CS Fullerton Fall Intercollegiates. Coach Jenny Hilt-Costello returns six letterwinners from last year’s squad, including sophomore Stephanie Bengson, the 2005 Big West Freshman of the Year. Soccer update center_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 The 49er women remained in the West Regional rankings despite a 1-2 week, falling from No. 13 to No. 15 in soccerbuzz.com’s poll. The Big West features five regionally-ranked teams led by national No. 20-ranked Cal Poly which visits LBSU on Friday. Bartlett inducted Former 49er men’s gymnastics coach Ken Bartlett was inducted into the University of Minnesota Club Hall of Fame. Bartlett had an outstanding senior campaign at Minnesota in 1953, winning the all-around and parallel bar titles at the Big Ten Championships, and placing second in the flying rings and horizontal bar. Winners announced The Department of Athletics at Long Beach State announced the four award winners for the Hall of Fame Inspirational Awards which will be presented at the Annual Hall of Fame Banquet on Oct. 20. Winning the Lynn Hoyem Leadership Award is women’s basketball athlete Jayme Connors. Winning the Todd Hart Courage Award are women’s volleyball athlete Erika Chidester and baseball athlete Sean Boatright, and winning the Bill Bovee Determination Award is men’s volleyball athlete Tyler Hildebrand. last_img read more

BRICS bank: all eyes turn to Durban

first_img14 March 2013The world will be watching closely to see whether the leaders of Brazil, Russia, India, China and South Africa can conclude negotiations for setting up a BRICS development bank when they meet in Durban in less than two weeks’ time.The 5th BRICS summit will take place in Durban on 26 and 27 March.Emerging markets analysts believe a BRICS development bank – first mooted at last year’s BRICS summit in Delhi, India – could help create jobs in South Africa and promote greater trade on the African continent by funding new infrastructure.Last week, International Relations Minister Maite Nkoana-Mashabane told City Press newspaper that South Africa was keen to host the development bank, saying the country had a history of sound financial expertise and that the African continent was home to seven of the 10 fastest growing economies.Trade and Industry Minister Rob Davies said this week that South Africa had a strategic interest in extending BRICS cooperation to support Africa’s development agenda. He added that he believed Africa’s relationship with BRICS had influenced growth on the continent.Finance ministers working on business planThe finance ministries from the five member countries have been working on a business plan for the development bank, and met on the sidelines of the G20 conference in Moscow last month to explore the bank’s potential structure.World Bank chief economist Kaushik Basu has backed the idea for a BRICS development bank, but warned that it would be a “humongous task” to set up.While Martyn Davies, the chief executive of Frontier Advisory, said in January that there had been discussion of a fund of up to US$240-billion, Standard Bank expects each of the five member states to initially contribute $10-billion in seed capital for the bank, with further funds raised from the markets as necessary.However, Standard Bank research analysts Jeremy Stevens and Simon Freemantle cautioned that China’s eventual contributions might outpace that of the other BRICS members and that, if this happened, Beijing would understandably demand commensurate influence over the fund’s decision-making mechanisms.Challenge posed by Chinese dominanceIn a research note last month, Stevens and Freemantle pointed out that while for China $10-billion amounts to just 0.12% of gross domestic product (GDP) (as per 2012), the same contribution would constitute a far more hefty 2.5% of South Africa’s total economic output.Added to this, China dominates BRICS trade and is the number one import partner for all four of its BRICS partners; its economy at the end of 2012 was almost 25% larger than the other four BRICS nations combined.“Unless pragmatically managed, political strains similar to those faced within the IMF may emerge. An appreciation of this potential challenge should thus frame deliberations in Durban,” said Stevens and Freemantle.They expect the development bank to focus on infrastructure development and providing auxiliary support for project preparation, such as feasibility studies. They said they expected a working group to be later tasked with establishing the necessary technical commitments and governance structures.The two believe that the development bank would not be a counterweight to multilateral development banks – notably the World Bank – but rather act an auxiliary funding institution.Benefits for South AfricaIn a parliamentary reply this week in response to a question from an opposition MP on what the impact had been of South Africa’s membership of BRICS, Economic Development Minister Ebrahim Patel said the country had enjoyed several benefits.Patel said South Africa had grown its level of trade with the BRICS countries, had seen significant growth in tourism from other BRICS countries, was now a stronger destination for potential investment, and was able to influence the development of greater BRICS partnerships with the rest of the African continent.On trade, the four other BRICS countries now account for a larger share of South Africa’s imports and exports. Measured in US dollars, exports from South Africa to its BRICS peers rose from $12.1-billion in 2010 to $15-billion in 2012, Patel said“This helped to compensate for reduced demand from traditional markets which are experiencing slower or negative growth.”Source: SAnews.gov.zalast_img read more