Morkel shreds through West Indies



BRIDGETOWN, Barbados // Morne Morkel grabbed three for 33 as South Africa wrapped up a convincing seven-wicket victory over West Indies just before lunch on the fourth day of the third and final Test at Kensington Oval yesterday. The Proteas sealed a 2-0 victory in the series to retain the Sir Vivian Richards Trophy for a sixth successive series since 1998 and have gone unbeaten during their two-month Caribbean visit.

"It's obviously been a terrific tour for us," Graeme Smith, the South Africa captain, said. "To win the one-day series 5-0, to win both Twenty20s and to win the Test series 2-0. You can't argue with the results we've been able to achieve." West Indies, resuming their second innings on 134 for seven, were bowled out for 161 as Morkel, the fast bowler, took all three wickets to fall. Shivnarine Chanderpaul batted through the West Indies innings to finish unbeaten on 71.

South Africa, set 47 to win, coasted to their target despite a fiery three-wicket burst from Kemar Roach, the pace bowler who took three for 22 before AB de Villiers hit the winning boundary. Chris Gayle, the West Indies captain, voiced his disappointment at the results and the support he was receiving. "It's tough as captain to be honest because sometimes when you actually think you're getting the support of some particular person and so forth, you come to find out you're not actually getting that kind of support," he said.

"It's kind of tough. It's something I'm definitely going to deal with and then clear the air and, hopefully, take it from there." South Africa needed just 36 minutes to brush aside the home team's lower order in the morning. Morkel did all the damage, flattening the off stump of Sulieman Benn (nine) before claiming Roach (eight) and Brandon Bess (0) to outside edges. Morkel ended the series with 14 wickets while fellow pace bowler Dale Steyn, who finished with 15, earned the man-of-the-series award.

"They are obviously an important part of our Test line-up, the firepower that they bring to us," Smith said of his pace pair. "Their wicket-taking abilities are crucial to our success." South Africa's march to the crushing victory had a few hiccups against the hostility of Roach, who quickly dispatched Smith (10) and Alviro Petersen (six). Roach also bowled a rising delivery into Jacques Kallis's helmet, which led to an angry mid-pitch confrontation between the two. The pair had to be separated by the umpires. Hashim Amla (25) then sliced a drive to gully at 45 for three, before De Villiers hit the winning runs. * AP

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

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FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

What is Bitcoin?

Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.

The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. 

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Huddersfield Town 0

Chelsea 3
Kante (34'), Jorginho (45' pen), Pedro (80')

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Not Dark Yet

Shelby Lynne and Allison Moorer

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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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