UFC fighter Jacare Souza tests coronavirus positive

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first_imgFLORIDA: UFC has withdrawn about from Saturday’s card in Jacksonville after middleweight Jacare Souza and two of his cornermen tested positive for the coronavirus, the mixed martial arts promotion said.Brazilian-born Souza was supposed to fight American Uriah Hall at UFC 249, which was originally scheduled for April 18 in New York but postponed because of the coronavirus outbreak. “UFC’s medical team examined Souza and his two cornermen and found them to be currently asymptomatic, or not exhibiting the common symptoms of COVID-19,” UFC said in a statement. “All three men have left the host hotel and will be self-isolating off premises, where UFC’s medical team will monitor their conditions remotely and will provide assistance with any necessary treatment.” AgenciesAlso Read: None more unbeatable than Novak Djokovic at his best: Todd Martinlast_img read more

Cricket News World Needs To Help Pakistan To Revive Cricket After Decade Of Terrorism: Misbah-ul-Haq

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first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The terror attacks on the Sri Lanka cricket team on March 1, 2009 in Lahore during the second Test match put Pakistan and its cricket in trouble. Following the attack, teams refused to tour Pakistan for any international games. The 2011 World Cup hosting was snatched from them. The team had to play their ‘home’ games at the UAE for close to 10 years. However, slowly, the situation has improved. Zimbabwe were the first team to travel in 2015, followed by tours from the ICC World XI, West Indies and Sri Lanka in 2017 for one Twenty20 International. With the Pakistan Super League being held without a hitch in the country, Pakistan will now host Sri Lanka for three ODIs and three Twenty20 Internationals in Karachi and Lahore respectively. The series will be the first for Pakistan under Misbah-ul-Haq, the new head coach and chief selector. Misbah captained Pakistan for close to six years and in 56 Tests but he never managed to do that at home in Pakistan. Misbah played just five Tests in Pakistan and ahead of the first match, he has urged the world to help Pakistan revive their international cricket.”Cricket world need to do more, not only for Pakistan but for any country where it is hit. Pakistan is a cricket-loving country and it would be injustice to deprive them of international cricket, so I hope that the world will support us more and more. Otherwise the survival of cricket will be difficult,” Misbah said. Also Read | No More Biryani For Pakistani Cricketers As New Coach Misbah Changes Diet PlanHowever, the tour to Pakistan was under a cloud in Sri Lanka after reports emerged that the team could be targeted in a terrorist attack. The withdrawal of 10 top players also did not help. There were allegations from Pakistan’s Science and Tenchology Minister that India was coercing the Sri Lanka players to not tour Pakistan. However, the Defence Ministry of Sri Lanka gave the go-ahead and the team arrived in the country under massive security. Misbah understood the problems faced by Sri Lanka. Also Read | Misbah-ul-Haq Highlights Key Factors Behind Pakistan Team Selection For Sri Lanka Series”I know it would have been a tough decision for Sri Lanka to tour. It’s a special moment for all of us and players are excited as well as emotional, playing before their home fans and at home ground, so it’s really special,” Misbah said. For many Pakistan players in the side, this will be their first match on home soil with the likes of Sarfaraz Ahmed, Wahab Riaz, Babar Azam and Haris Sohail all playing in front of their home fans once before. Pakistan plays the first one-day international on Friday and the remaining two matches will also be held in Karachi on Sunday and Wednesday. The three Twenty20 internationals will be in Lahore on October 5, 7 and 9.last_img read more

Are we really addressing operations, viability of NIS?

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first_imgDear Editor,Recently, the media carried an article on the operations of the National Insurance Scheme (NIS) arising from a bi-partisan Parliamentary Sectoral Committee on Social Services meeting with the senior officials of the NIS. Having read the following: “NIS recorded successive deficits since 2015-GM “(General Manager),” “the current fund stands at $31.9 billion,” “this year, NIS is expected to pay out $23.6 billion with contributions projected to reach $23.2 billion.” As a financial analyst, what was reported was basically confusing to me. Hence, I will enlighten our citizens on my assessment of the operations and future viability of the NIS. 1. I have neither in recent times seen an audited nor unaudited Financial Statements (FSs) in the news media. As a public entity, I am appalled that FSs are not published. Certainly, citizens like myself will be interested in calculating and analysing Key Performance Indicators (KPIs) in order to assess among others, NIS’ financial position, its performance, its liquidity balance, and its future viability. Some KPIs which an analyst will need in order to determine the viability of this scheme are: its net loss/income margin, its return on investment, its debt to equity ratio, its accumulated surplus, its investment portfolio and income (if any) accruing from those investments, and last but by no means least, its funding of the asset deficit to meet future obligations. 2. I am of the view that since the NIS commenced its operations in September 1969, the composition of its Board of Directors leaves much to be desired. Based on published information over the years, this Board is and continues to lack the appointment of a director(s) with experience on Actuarial Valuation of pension schemes. 3. What should have been discussed at length at that meeting (not reported by the news media) is/are the Report(s) of the Actuary. If the Actuary is Bacon Woodrow and de Souza Limited from Trinidad, that firm is known to be doing high quality work on evaluating pension schemes in Guyana. What has been disclosed by the GM and I quote “based on the last actuarial report, the life of the scheme should come to an end in 2021/22. I am worried and confused by that revelation by the GM. It seems to me that NIS may not exist after 2022, which is most unlikely. Surely the Actuarial Reports (normally every five years) over the past two decades have been repeating the same issues, and no serious action is apparently being taken on those pertinent issues. 4. What is an actuarial valuation? It is a type of appraisal of the NIS’ assets and liabilities of which investment, economic and demographic assumptions are used in order to determine the funded status of this pension scheme. Mention has been made of GuySuCo owing in excess of $1.5 billion as well as other businesses. The management at that parliamentary meeting had indicated that it has been taking action to recover contributions owing which is a positive effort. However, as mentioned above, it is imperative that the authorities need to determine the required contributions needed to fund future benefits over time and in so doing will eventually eliminate the Scheme’s deficit. Persistent underfunding, as it appears to be, will ultimately jeopardise NIS’ sustainability. 5. Besides the actuarially valuation the efficiency level of the staff needs to be address and be improved. For example, why the payment of a benefit has to take two, three, four months to be made after the documentation has been accepted. Yours truly and I know of many others, who have had this experience. That being said, the financial position, performance and the ability to pay future benefits are cause of major concern of NIS’ current operations. Our emphasis, among others, has to be on the Actuarial Reports which information is indeed complex and can be difficult to understand for those who are not accustomed to working with this kind of information. It is my view that the authorities have to reveal financial information such as the extent of the Scheme’s asset deficit, the required contributions percent to clear this deficit, the period of time it will take to clear this deficit, who are to make these contributions, will it be the employers, the employees, the Government or all three parties. These are not easy decisions to make, hence it is imperative that the decision makers have a full understanding of the schemes’ operations and its implications in both the short-and long-term. I do not see the life of NIS ending in 2021/22. Let’s address the pertinent issues in a prompt and efficient manner, and we will need the involvement of the actuarial firm, and perhaps other financial specialists on the way forward towards this scheme’s viability.Yours sincerely,John Seeramlast_img read more