2014 World Cup Will Inject $80 Billion Into Brazilian Economy

first_img With regard to tourism, the tournament will generate a 79% increase in foreign visitors to the country (almost three million people), resulting in $3.34 billion dollars of additional revenue for the tourism sector. The sectors that will gain the most will be civil construction, food and beverages, and services, with a $28 billion dollar increase in production, according to the report. Out of the total influx of funds, $63.4 billion dollars will be spent during the competition, and the remainder will be spread among $12.6 billion spent on infrastructure and organization ($7.3 billion of which will come from the private sector), $3.3 billion spent by foreign visitors, and $662 million spent on operational costs and under other headings. The organization of the 2014 FIFA World Cup will inject investments worth around eighty billion dollars into the Brazilian economy, according to a study released by the Getúlio Vargas Foundation and consulting firm Ernst & Young. “Oscillations in the international economy, including disturbances and crises, will not interfere with the estimated investments for the Cup over the long term,” José Carlos Pinto, an Ernst & Young executive, said during the presentation of the report Wednesday in São Paulo’s Morumbí Stadium. Government budgets will also benefit from the organization of the next World Cup, since tax revenue is calculated to increase by $10.1 billion dollars between now and 2014. center_img The study indicates that 3.63 million jobs a year will be generated between 2010 and 2014 as a direct result of the World Cup, and personal income will increase by $35.7 billion dollars. By Dialogo June 25, 2010 The direct impact on GDP will be $36.2 billion dollars, according to the report’s projections. The report, “A Sustainable Brazil: Socioeconomic Impacts of the 2014 World Cup,” also affirms that the event will increase foreign tourism to the country by 79%. last_img read more

Venezuela’s Hugo Chavez to resume Cuba cancer treatment

first_img Share 9 Views   no discussions NewsRegional Venezuela’s Hugo Chavez to resume Cuba cancer treatment by: – August 6, 2011 Share Sharecenter_img Sharing is caring! Tweet Hugo Chavez recently appeared with his head shaven following chemotherapyVenezuelan President Hugo Chavez says he is going back to Cuba to resume treatment for cancer.He had surgery on the island in June and returned last month for treatment.Mr Chavez had a tumour removed in Cuba in June and has since had chemotherapy, but the exact nature of his cancer has not been disclosed.He has said his treatment is going well, but the illness has raised doubts about whether he will be able to stand for re-election next year as planned.Addressing crowds on his 57th birthday on 28 July, President Chavez declared that he was aiming for victory.The Venezuelan parliament is to hold a special session to authorise his departure due on Saturday.BBC Newslast_img read more

Zimbabwe withdraw from Cecafa Cup over security

first_imgUhuru Kenyatta was sworn in as president of Kenya on Tuesday following two disputed polls and waves of deadly protests amid months of tension in the country.Competition organisers said they regretted Zimbabwe’s withdrawal but assured the championship will go on as planned, with nine countries lined up for the event.Zimbabwe were expected to open their Group B campaign against defending champions Uganda on December 4 in the western Kenyan town of Kakamega.Share on: WhatsApp Zimbabwe senior national soccer teamNairobi, Kenya | AFP | Zimbabwe have pulled out of the Cecafa Senior Challenge Cup starting in Kenya this week, citing security concerns.Zimbabwe had been invited to take part in the December 3-17 tournament as one of two guest teams, along with Libya.“Following wide-ranging consultations with all stakeholders, the Zimbabwe Football Association has resolved to withdraw its commitment to participate in the 2017 CECAFA Challenge Cup due to the security risk posed by the volatile situation in the host country, Kenya,” the Zimbabwe FA said in a statement.“As a result, ZIFA has immediately suspended all preparations related to the committment made earlier, to participate as a guest nation at this year’s CECAFA tournament.”last_img read more

Instant building block: Warriors rookie Eric Paschall has already made himself essential

first_img Why the Warriors want to keep Damion Lee beyond this season “It’s going to help a lot, them knowing they have another option on the floor,” he said. “I definitely feel like I’m going to have confidence knowing I belong. I know the guys are going to believe in me and tell me to go make plays now just because they’ve seen it.”There are several reasons to be confident in Paschall’s future: his scoring ability, his defensive versatility, his physique and athleticism, and his willingness to put winning above all else. His father always told him to stay “hungry and humble.” A second-round pick earnestly proving himself, Paschall is ready to eat.“Over time, he’s only going to get better and better,” Neptune said. “He has no limitations to his game. The sky’s the limit for him, just because there’s nothing on the floor that he can’t do.” “He was used to playing in air-conditioned gyms up in Westchester county and I remember the coach telling me ‘Juan, I’d like to put him in the game, but he’s crying because he said it’s too hot,’” Paschall’s father Juan Paschall said. “He wasn’t always very aggressive. It’s from going to the city, from Westchester County, and playing with kids who were better than him, who were tougher than him, that brought out the toughness.”Paschall developed a thicker skin in the AAU circuit. With his best friend Donovan Mitchell at his side, he developed into a mean isolation scorer who was dunking at age 12.He lifted weights to fill out his frame and build confidence. He won a pair of national championships in AAU, was named Atlantic 10 rookie of the year at Fordham and transferred to Villanova, where he won another pair of national titles. After half a decade in college, Paschall watched with his family in his hometown of Dobbs Ferry when he slid to the second round of the NBA Draft and was scooped up by the Warriors.Even Warriors coach Steve Kerr, who was on Team USA’s staff with Paschall’s college coach Jay Wright during this year’s FIBA World Cup games in China, has been surprised by Paschall’s immediate impact. The 23-year-old forward has stepped in as a key rotation player for a team decimated by injuries, averaging 15.5 points, 4.3 rebounds and 1.3 assists.His 34-point explosion against the Portland Trail Blazers on his 23rd birthday lifted the Warriors to their most recent win. Among rookies, Paschall is third in both points scored and minutes played. All of this production from the 41st pick in June’s draft. CLICK HERE if you are having a problem viewing the photos on a mobile device Kerr promises Smailagic ‘will 100%’ leave Santa Cruz for Warriors this year ‘What’s in the brief, Willie Cauley-Stein?’ New Warrior out to prove he’s all business New York rootsDobbs Ferry, N.Y., is a small town of about 10,000 people 20 miles north of Manhattan. Juan Paschall and his wife Cecelia moved from Yonkers in the 1990s to raise a family in Dobbs Ferry.Paschall and Mitchell were neighbors who first met in church when they were 6 years old. A few years later, when Paschall showed up for AAU at Riverside Church near Harlem, there was Mitchell getting up shots. The two became best friends, challenging each other to games of NBA 2K and playing basketball whenever they could. However, to the other AAU kids, Paschall and Mitchell were just the kids from Westchester. In other words: they were soft.“They were talented, they weren’t tough,” Juan Paschall said. “But things, experiences in their life molded them into something in that they became very confident in who they were as people. But neither one of them were tough. They were far from tough. Not when they were young.”[From Dobbs Ferry to the NBA: Eric Paschall and Donovan Mitchell are ready for this]The Westchester kids battled with the Harlem kids. Paschall won national titles with Riverside and The City AAU teams. In prep school, he was named Class B player of the year. The skinny kid who once longed for air-conditioned gyms started playing street ball in Harlem.“They would embarrass you if you were not tough, OK,” Juan Paschall said. “That really brought something else out of his game. It brought some toughness and some cockiness.”Then came time to make his college decision. While Mitchell went out of state to Louisville, Paschall ended up attending Fordham, a small school in the Atlantic 10 conference 15 minutes from Dobbs Ferry. Paschall was a three-star recruit with offers from Big East schools, but his dad urged him to stay close to home.With an isolation game honed in Harlem, Paschall averaged 15.9 points as a freshman and was named Atlantic 10 rookie of the year. However, his tenure was short-lived. After his head coach was fired, it was clear to Paschall it was time to look elsewhere — and impressive suitors awaited.It came down to Florida and Villanova. Though the Paschalls were impressed with Florida’s facilities and coach Billy Donovan, Villanova was a basketball-forward program much closer to home than Gainesville.“He came to Villanova as a scorer, just an iso scorer,” Villanova assistant coach Kyle Neptune said. “And while at Villanova, he had to play literally every role.”“You got to uphold that, being from New York,” Paschall said. “You’ve got to have that grittiness and that toughness about you.”An opportunityAfter sustaining a leg injury at Fordham, Paschall showed up for his first year at Villanova out of shape. He was nearly 40 pounds overweight. By adjusting his diet and amping up his workout routine, Paschall dropped his body fat from 16% to 5% while sitting out a year under NCAA transfer rules.It was at Villanova that Paschall learned to defer, something he didn’t have to do in Harlem or at Fordham. “He played with a lot of really good players who had established themselves at Villanova,” Neptune said.Playing alongside future NBA players Josh Hart, Mikal Bridges and Jalen Brunson, Paschall focused on defending and rebounding. He was happy to do it, to sacrifice numbers for the sake of winning.Still, Paschall’s performance in practices made it clear he could do more. He sought out one-on-one challenges and dunked on teammates in scrimmages. His size, athleticism and motor stood out. He emerged as a leader for a national championship team his junior year and then, as a senior, averaged 16.5 points, 6.1 rebounds and 2.1 assists.“I think his game is actually better suited for the NBA just because he can guard every position and there’s way more space on the floor for him to operate,” Neptune said.Paschall was projected to be selected in the middle of the draft’s first round. Partly due to his age and questions about his upside, Paschall slid to the second round. The Warriors had two chances to take him, but first selected guard Jordan Poole at no. 28 and center Alen Smailagic at no. 39. With the 41st pick, the Warriors took Paschall.“We were kind of holding our breath hoping for him to fall,” Kerr said. “Luckily, it happened.”After losing Andre Iguodala, Shaun Livingston and Kevin Durant in the offseason, the Warriors believed Paschall could contribute right away as a versatile defender off the bench.“We really liked Eric because of his strength and his power,” Kerr said. “He was undersized, but these days undersized guys at that four position, as long as you are really strong with that wingspan, we’ve seen it the last few years with Draymond (Green). We felt like Eric had a chance to have a smilier impact as a second-round pick. Somebody you could plug in and play particularly because he played four years in college, in a great program that won a national championship.“He came in and didn’t look like a rookie at all from the first day of practice. He looked like somebody who’s been really well prepared for this.”Then early injuries depleted the roster even more. In addition to Klay Thompson, lost in the NBA Finals to an ACL tear, the Warriors have dealt with injuries to Stephen Curry, Green, Jacob Evans, Kevon Looney and Willie Cauley-Stein, among others.All of that has thrust Paschall into major rotation minutes, and provided the runway for him to show off a muscular scoring game.“In terms of his composure and presence on the floor, obviously when he gets it going he’s demonstrative and he knows he belongs and knows what he has to offer,” Curry said. “It’s an energy that is contagious.”Part of the futureTo satisfy his general education credits, Paschall took a public speaking course during his freshman year at Fordham. He didn’t know then how much that course would pay off a few years later.With two of Golden State’s three foundational players sidelined for most of the season, Paschall has temporarily become the face of the franchise. He talks to media after almost every game and every practice. The once-shy kid at Villanova is a media pro, deftly answering questions to provide a quote good enough to print without giving up any company secrets. He handles a media scrum like a player with 10 years experience.“I feel like those four years helped me be ready for this moment, this opportunity I have now,” Paschall said. “Just being mature, just being able to handle it, being able to play the way I play. I feel like it helped me out a lot.”Paschall is a rare rookie who thrives with more responsibility. Often, more minutes lead to more exposure of a rookie’s weaknesses. Paschall shows more of his strengths, from the isolation scoring he developed in New York to the versatile defense he came to lean on at Villanova.Beat up and hung over from five-straight NBA Finals run, the Warriors are in the midst of a rebuilding season. Ten of the team’s 14 players are newcomers, and nine are age 23 or younger. Facing an uphill battle from a 2-10 record, Golden State is poised for its first appearance in the lottery since 2012.This season, then, is about figuring out who will be part of the next championship run. Paschall has earned his place, and is prepared to adjust his game when the Warriors look like the Warriors again.Related Articles Steph Curry attends Kanye West’s Sunday Service Warriors resemble team of old, Kevon Looney isn’t ready, and other thoughts from loss to Trail Blazers center_img ‘What’s in the brief, Willie Cauley-Stein?’ New Warrior out to prove he’s all business Warriors resemble team of old, Kevon Looney isn’t ready, and other thoughts from loss to Trail Blazers SAN FRANCISCO — Before he was drawing a foul on James Harden and calling him “food,” Eric Paschall was a quiet, skinny kid from Westchester who couldn’t get into church-league games because the black tops of Harlem got too hot in the summertime. So how does a second-round pick make such an immediate impact and establish himself as a building block for a championship organization?Related Articles Steph Curry attends Kanye West’s Sunday Service Kerr promises Smailagic ‘will 100%’ leave Santa Cruz for Warriors this year Why the Warriors want to keep Damion Lee beyond this season last_img read more

Term extended for Maureen Jensen chair of Ontarios securities watchdog

first_imgTORONTO – The woman helming the top job at Ontario’s securities watchdog has had her term extended for three years by the Ontario Ministry of Finance.Maureen Jensen’s two-year term as chair and CEO of the Ontario Securities Commission was set to expire in February 2018, but will now end in February 2021.Charles Sousa, Ontario Minister of Finance, says Jensen has worked tirelessly to improve women’s representation on boards, enhance whistleblower protection, and advance the Ontario government’s push toward a co-operative capital markets regulator.Jensen said in October that it might be time to strengthen its measures to get more women on boards after little progress.The OSC does not have the authority to impose a specific target or quota for gender diversity.But Jensen said the regulator is looking at options such as requiring companies to set a target and disclose progress in meeting it.last_img read more

US government broadcaster to punish workers for Soros report

first_imgWASHINGTON – The U.S. government’s international broadcasting agency says it will discipline employees responsible for a television report on philanthropist George Soros that violated its professional ethics and standards.The U.S. Agency for Global Media says that those who produced the report would be placed on administrative leave pending an investigation into “apparent misconduct” and may face disciplinary measures, including firing depending on the results of the probe.The report on Soros aired in May on Spanish-language Radio Television Marti network, which broadcasts to Cuba.It described him as a “Jewish multi-millionaire” influencing nations through nongovernment groups. It referenced the conservative organization Judicial Watch as believing he was undermining democracies.Recently, Soros has been accused without evidence by right-wing commentators and politicians of funding migrants heading to the U.S. from Central America.___This story has been corrected to say the TV Marti report referenced Judicial Watch, not quoted the organization.last_img read more

NTSB to probe fatal engine failure on Southwest flight

first_imgFederal safety officials plan to question representatives from engine maker CFM International and Boeing about the fatal accident on a Southwest Airlines jet this year.The National Transportation Safety Board hearing Wednesday in Washington, D.C., is expected to last several hours.The board is still investigating the April 17 accident, in which an engine fan blade broke and debris hit the plane, killing a woman who was blown partly out a broken window. Pilots landed the crippled plane safely in Philadelphia.Investigators are focusing on the design and inspection of engine fan blades. After the accident, CFM recommended more advanced and frequent blade inspections, and regulators made those changes mandatory.They will also look into the design of the engine housing, which is supposed to prevent pieces from breaking loose.The Associated Presslast_img read more

Iran wants ‘good’ relations with Saudi Arabia and UAE

first_imgDoha: Iran said Wednesday it hopes to have good relations with arch-rival Saudi Arabia and its allies, and called for an end to their bitter dispute with Gulf neighbour Qatar. Riyadh broke off relations with Tehran in 2016 after protesters angry at its execution of a top Shiite cleric torched its diplomatic missions in Iran. The following year the kingdom and its allies Bahrain and the United Arab Emirates imposed a trade and travel boycott on Qatar, demanding that it mirror their hardline policies towards Iran and the Muslim Brotherhood. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: Report”We have extremely good relations with Qatar, Kuwait, Oman,” Iranian Foreign Minister Mohammad Javad Zarif said, referring to the two Gulf Arab countries which remained neutral in the dispute. “We hope to have the same type of relations with Saudi Arabia, Bahrain and the United Arab Emirates,” Zarif told reporters on the sidelines of the Asian Cooperation Dialogue in Doha. “We also hope that countries within the GCC (Gulf Cooperation Council) could resolve their differences peacefully. We were against pressure on Qatar, we still believe that pressure on Qatar is against international law.” Saudi Arabia, the UAE and Bahrain have repeatedly accused Qatar of posing a threat to Gulf security through its support for “extremism”. Doha has consistently denied the allegation accusing its former allies of seeking a pretext for regime change. In April, Qatar said it filed three lawsuits in London and New York against Saudi and UAE banks for allegedly plotting to undermine its currency and bonds.last_img read more

Solanki, Kaushik bag gold in Poland

first_imgNew Delhi: Gaurav Solanki and Manish Kaushik bagged a gold each as Indian boxers finished with a rich haul of six medals at the XXXVI Feliks Stamm International Boxing Tournament in Warsaw, Poland. Besides two gold medals, Indians boxers clinched a silver and three bronze to wrap off their campaign on a high. The 22-year-old Solanki (52kg) outpunched England’s William Cawley 5-0 on his way to the coveted yellow metal. He showed glimpses of the impeccable form that brought him gold medals at the Commonwealth Games and the Chemistry Cup last year. Kaushik (60kg) also exhibited the confidence that he had displayed last year to grab the India Open gold and the Commonwealth Games silver. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: RijijuAgainst Morocco’s Mohamed Hamout, the 23-year-old was sharp and agile and emerged victorious 4-1. However, there was some disappointment for the Indian contingent on the final day of the European tournament as the result of Mohammed Hussamuddin did not go in favour of the bantamweight specialist. Hussamuddin (56kg), who started the 2019 season with a silver from the Gee Bee Boxing tournament, had to be content with yet another second-place finish following a 1-4 defeat to Russia’s Mukhammad Shekhov, despite producing a strong show throughout the bout. Meanwhile, three other Indian pugilists had to settle for the bronze after losing their respective semi-final contests. In 69kg, 2014 Commonwealth Games silver medallist and Arjuna awardee, Mandeep Jangra went down 0-5 to Russia’s Vadim Musaev while in 91kg, Sanjeet too lost to David Nyika of New Zealand by an identical score.last_img read more