Cricket News Allen, Pooran, Thomas handed West Indies contracts for first time

first_imgNew Delhi : World Cup returnees Fabian Allen, Nicholas Pooran and Oshane Thomas have been handed West Indies central contracts for the first time while seven players have been given all-format contracts.The number of all-format contracts for the men has now increased from four to seven with Darren Bravo, Shimron Hetmyer and Keemo Paul joining those in the Test and ODI formats — captain Jason Holder, Shai Hope, Alzarri Joseph and Kemar Roach — on the list.In total, 19 men have been retained for the upcoming contract year which runs from July 1 this year to June 30 next year including first-timers Allen, Pooran and Thomas who were part of the West Indies team which finished ninth out of 10 teams in the World Cup.Meanwhile, 15 women an increase of three have also earned central contracts  including veteran all-rounder Stacy-Ann King, fellow left-hander Kycia Knight and newcomers Shabika Gajnabi, Shawnisha Hector, Chinelle Henry, Natasha McLean and Karishma Ramharack.Cricket West Indies (CWI) policy allows up to 22 contracts to be offered each contract year to men’s players, so the selection panel may decide to offer additional central contracts throughout the year.CWI director of cricket Jimmy Adams said verbal offers had been made to all players, and contracts will be issued in the next few weeks, as soon as the board has concluded a new four-year Memorandum of Understanding with the West Indies Players Association.This is the third year that CWI will award central contracts to West Indies men under three different categories.WEST INDIES MEN CENTRALLY-CONTRACTED PLAYERS 2019-20:All-Format Contracts:Darren Bravo, Shimron Hetmyer, Jason Holder, Shai Hope, Alzarri Joseph, Keemo Paul, Kemar RoachRed-Ball Contracts: Kraigg Brathwaite, John Campbell, Roston Chase, Shane Dowrich, Shannon Gabriel, Jomel WarricanWhite-Ball Contracts: Fabian Allen, Carlos Brathwaite, Sheldon Cottrell, Nicholas Pooran, Rovman Powell, Oshane Thomas. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Traffic to be stopped on Saturday due to Match between BiH and Belgium

first_imgThe Ministry of Transport of Sarajevo Canton has informed citizens of the capital of Bosnia and Herzegovina (BiH) that traffic will be temporarily suspended on the site of the Grbavica stadium, when BiH and Belgium will play a soccer game.The suspension relates to Zvornik Street, in the part of the intersection with the streets of the Aziza Sacirbegovic street to the intersection with the Kemal Kapetanovic street and on the Topal Osman Pasa street in the section from the intersection with the Kemal Kapetanovic street to the intersection with Zvornicka street in the period between 2 p.m. and 9 p.m.Also, parking in the parking lot next to the residential and business building “Loris” in the period from 8 a.m. to 9 p.m., which will be used for the organization of the mentioned match, will be banned.All of these measures have been taken for the purpose of enhanced security and are linked to this extremely important game. The aforementioned measures allow faster and easier entry and exit of spectators from the stadium, NSBiH announced.(Source: read more

Survey suggests pandemic draining vigor from Midwest economy

first_imgOMAHA, Neb. (AP) — A survey of supply managers in a nine-state region of the Midwest and Plains is showing more signs of the coronavirus pandemic’s disruptive economic impact. A report released today says the Mid-American Business Conditions index sank in March to 46.7 — its lowest reading since September 2016. The survey’s confidence index plunged to a record low of 14.5. Creighton University economist Ernie Goss oversees the survey and says the emergence of coronavirus swamped the positive confidence impact of the recent passage of the US-Mexico-Canada trade agreement and phase of the trade agreement with China. Goss says COVID-19 had a smaller impact on the manufacturing sector than other areas of the economy more directly tied to the consumer. He expects negative impacts for manufacturers to worsen in the next month, since almost two-thirds of supply managers reported that the coronavirus produced shipping problems to and from vendors. A little more than half of the survey respondents said the pandemic had pushed their companies to switch to, cease, or reduce, international buying. More than one in three of the supply managers indicated that the virus had caused their companies to switch to domestic suppliers for some products formerly purchased abroad.The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.last_img read more

Repo 105 The Magic Words that Made 50 Billion in Liabilities Disappear

first_imgAbracadabra and David Copperfield are ancient history. The new magic words are Repo 105, and the real magicians seem to be the ingenious accountants at the large banks that make billions of leverage disappear off the banks’ balance sheets. Bankruptcy examiner Anton Valukas issued a report in which he revealed how Lehman Brothers used Repo transactions to hide billions of its debt.  Repo is a popular abbreviation for repurchase agreement, in which a bank borrows cash for a short period of time and at the same time, puts its assets as collateral for the transaction. The trick is, that if the value of the collateral represents larger than 102% of the value of the borrowed funds (in Lehman’s case it was 105%, hence the name, Repo 105), the transaction can be recorded as a sales of the assets. And this is exactly what the guys at Lehman did to keep the company from sinking in debt. They borrowed funds at the end of a quarter through a Repo 105 transaction, paid off the billions of debt on their balance sheet, and a few days into the next quarter they borrowed new funds to repay the Repo loan with interest and reacquire their assets back. The two issues still at large are: 1) it is unknown how many banks have been/ are still using this trick, and 2) why Ernst & Young did not raise the red flag during their audits especially when they were warned about the practice by one of Lehman’s Senior VPs.Unfortunately for me, the magic words Repo 105 will not make my student loans disappear, I guess because 1) I am not a bank, and 2) I do not have Ernst & Young to back me up… AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more