Yousuf shuns Pakistan return for ICL

ISLAMABAD // The Pakistan batsman Mohammad Yousuf has joined the rebel Indian Cricket League (ICL) and is now unlikely to play in the three one-day internationals against the West Indies in Abu Dhabi later this month, the Pakistan Cricket Board (PCB) said today. "His (Yousuf) wife told us on telephone that he has left for India today to play in the ICL," the PCB Director of Cricket Operations Zakir Khan said. "He did not inform us about his travel plans to India and we are trying to contact him directly," an irate Khan added. Yousuf left for New Delhi today from the eastern city of Lahore hours after he was named in a 15-member Pakistan squad for the three-match series against the West Indies in Abu Dhabi from Nov 12-16. The ICL is an unofficial Twenty20 tournament. The PCB said last year that any players who join the ICL would not be considered for selection. The Pakistan coach Intikhab Alam said the team has enough reserve players to replace Yousuf for the series in the capital. The former chairman of the PCB, Nasim Ashraf, convinced Yousuf last year to cancel his ICL contract and play for Pakistan. The former Pakistan captain Inzamam-ul-Haq, all-rounders Abdul Razzaq and Azhar Mahmood, fast bowler Shabbir Ahmed and opening batsman Imran Farhat have all joined the ICL.

*AP

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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."

Yousuf shuns Pakistan return for ICL

Pakistan's Mohammad Yousuf has joined the rebel ICL and is unlikely to play in the three ODIs against the West Indies in Abu Dhabi.

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