From left, Burundian president Pierre Nkurunziza,Malawian president Bingu Wa Mutharika, former South African president Thabo Mbeki, Klaus Schwab of the World Economic Forum, Ghanaian president John Agyekum Kufuor, and Kenyan prime minister Raila Amolo Odinga, during the Opening Plenary of the World Economic Forum on Africa 2008 in Cape Town. (Image: World Economic Forum)Janine ErasmusSouth Africa’s new president, Jacob Zuma, will play host to the world’s economic leaders when he welcomes them to the 19th World Economic Forum on Africa, taking place in Cape Town in June 2009.The theme of the summit is Implications of the Global Economic Crisis for Africa. Over 700 prominent figures from Africa and the world will gather to discuss ways in which the continent can address the challenges posed by the current financial meltdown, which has taken its toll on many economies.Analysts have said that Africa may be in a better position to weather the storm, as the continent has not integrated as deeply with the global economy as have other, more developed regions. Wealthier African countries, which have greater exposure to world markets, would however feel the pinch more severely.Football talkWith South Africa hosting the 2010 Fifa World Cup, the global football tournament will also feature conspicuously on the agenda. A whole day has been dedicated to discussion of the social and economic impact of the long-awaited event, which is expected to contribute billions to the economy of the Southern African region.A visit to Cape Town’s Green Point stadium, a World Cup venue, forms a part of the day’s proceedings.“We are investing all our energies and resources to make a success of the tournament,” said Zuma, adding that he was privileged, on behalf of his country, to host so many eminent political and economic global leaders.“It means our country continues to have a special place in the hearts and minds of the international community,” he said.Zuma will co-chair the gathering with a number of distinguished businessmen and politicians. They include former United Nations secretary-general Kofi Annan; SABMiller CEO Graham Mackay; World Bank managing director Ngozi Okonjo-Iweala; Dubai Group executive chair Soud Ba’alawy; and Jiang Jianqing, chair of the Industrial and Commercial Bank of China.The way forwardParticipants at this year’s World Economic Forum on Africa will discuss the development of a new strategy for Africa’s prosperous future.The Africa Competitiveness Report 2009 is to be unveiled at the meeting. The report is expected to provide a platform for discussion around the impact of the financial crisis on Africa’s traditional growth drivers, such as infrastructure development, demand for oil and other valuable commodities, and inbound foreign capital.Africa’s fast-growing mobile sector will also come under the spotlight. Nigeria is the continent’s biggest mobile market, followed by South Africa, Algeria, Egypt and Morocco. The continent as a whole is the world’s fastest growing mobile market.Participants will take into consideration other important social and environmental issues that affect Africa, including healthcare, education, food security, and climate change. They will deliberate on the current investment climate, as well as practical ways to boost better governance and business practices, to expand trade, and to increase domestic and foreign investment across the continent.African developmentZuma is no stranger to the World Economic Forum. As well as attending the annual meeting in Davos, Switzerland, for over 10 years, he has been present at previous Africa and Middle East regional meetings.In 2002 he addressed the forum with a presentation titled The role of African Governments in Poverty Reduction, Health and Education. Zuma was still deputy president to Thabo Mbeki at the time, only to be stripped of the position by Mbeki in 2005 because of corruption charges related to the controversial 1999 arms deal.In his World Economic Forum speech Zuma outlined the challenges faced by developing African nations in achieving sustainable growth. Diseases such as HIV and Aids, malaria and tuberculosis, as well as drought-induced famine, and wars, were all problems that needed focused attention.Zuma also mentioned a number of developmental targets, set out at the 1998 Tokyo International Conference on African Development, aimed at reducing poverty, boosting education, and providing basic services such as safe drinking water and sanitation. The Tokyo conference addressed the unacceptable numbers of women living in poverty, and set a goal of reducing this number by two-thirds by 2015.The New Partnership for Africa’s Development (Nepad), said Zuma, was the blueprint with which African governments would turn the desperate situation around, making use of Western partners and multi-lateral agencies.Nepad upholds a number of objectives, among them the eradication of poverty and inequality in Africa; the furthering of sustainable growth and development; Africa as a competent player in the global arena; empowerment of women; creation of a favourable environment for investment; and the formation of partnerships with developed countries.“For the African governments,” said Zuma, “there is a need to do things in a new way; politically, economically socially and in many other spheres.”Humble beginningsA former goatherd from the Zulu nation, Jacob Gedleyihlekisa Zuma was sworn into office on 9 May, almost 15 years to the day after Nelson Mandela became the nation’s first democratically elected leader. Mandela’s inauguration took place on 10 May.South Africa’s fourth general election, held in April 2009, saw the ruling African National Congress (ANC) again sweep to victory, although not in as grand a style as before. The ANC lost its two-thirds parliamentary majority and with it, the right to unilaterally change South Africa’s constitution.Do you have queries or comments about this article? Contact Janine Erasmus at firstname.lastname@example.org.Related articlesSA celebrates new president Jacob Zuma’s inauguration in photosMillions vote in record SA election Useful linksThe World Economic Forum on AfricaWorld Economic Forum – FacebookNepadThe Presidency
March is Tuberculosis Awareness Month. A trial in South Africa to treat extensive drug-resistant tuberculosis has proven to be successful.Tuberculosis (TB) is caused by the bacterium, mycobacterium tuberculosis, and most often affects the lungs. It is curable and preventable. (Image: Pixabay)Brand South Africa reporterA trial treatment in Johannesburg and Cape Town for those who have become resistant to tuberculosis (TB) drugs has been successful, astonishingly so. This is according to Francesca Conradie of the University of the Witwatersrand in Johannesburg, an investigator on the programme.The trial, called Nix TB included patients in South Africa who have extensive drug-resistant tuberculosis (XDR TB), noted the journal, Science. A combination of three relatively new drugs was administered to the patients: bedaquiline, pretomanid and linezolid (BpaL). The majority of the patients recovered.Conradie reported on the findings at the Conference on Retroviruses and Opportunistic Infections in Seattle, Washington on 15 February 2017.“I didn’t in my wildest dreams expect the results to be this successful,” she said.Conradie told Huffington Post South Africa the results were a game changer.“I thought, if we save 30% of the patients, we’d have done well. I have been completely flabbergasted.“We had a young man who had had XDR TB for six or seven years and he came out of our site in tears.“He got XDR TB when he was 17, and he was cured on the Nix regiment. Every patient of ours has a story like that.”Stats and resultsSince April 2015, 61 patients have been enrolled in the trial:49% of participants are HIV positive,79% have XDR TB and 21% have multi-drug resistant TB (MDR TB)34 have successfully completed six months of therapyAccording to the World Health Organization, TB is one of the top 10 causes of death in the world. “In 2015, 10.4-million people fell ill with TB and 1.8-million died from the disease (including 0.4 million among people with HIV),” the WHO website reads. “Over 95% of TB deaths occur in low- and middle-income countries.”Six countries – India, Indonesia, China, Nigeria, Pakistan and South Africa – account for 60% of the total global TB population.The organisation said 294 603 cases were notified in South Africa in 2015.World TB Day falls later this month on 24 March.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.
NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Don’t miss out on the latest news and information. Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:07Trump talks impeachment while meeting NCAA athletes01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Irving, Brown lead Celtics to OT win over Wizards Brace for potentially devastating typhoon approaching PH – NDRRMC Read Next Perpetual Help still tied the game at 23 after miscue from Ella Viray, before Sattriani Espiritu put San Beda at the match point with a booming quick kill and Jowie Albert Verzosa gave the winning-point as she sent the ball straight to the net.“This is a great feeling because all the hard work the team put into the tournament finally paid off,” said San Beda head coach Nemesio Gavino in Filipino. “I told the players to slug it out in the third set and I was confident that they can do it.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I know my players’ attitude and they will give it their all no matter who the opponent is.”Nieza Viray poured in 16 points to lead all scorers for San Beda while skipper Cesca Raqraquin and Ella combined for 16 points. AFP official booed out of forum San Beda Red Lions. Photo by Tristan Tamayo/INQUIRER.netSan Beda advanced to the championship round for the first time after denying University of Perpetual Help, 25-21, 25-15, 25-23, in the Final Four of the NCAA Season 93 women’s volleyball tournament on Friday.The Lady Red Spikers, though, nearly fought a longer battle after trailing 19-16 in the third set but managed to take control anew with a 23-21 lead off an error from the Lady Altas.ADVERTISEMENT 2 ‘newbie’ drug pushers fall in Lucena sting Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH MOST READ Typhoon Kammuri accelerates, gains strength en route to PH LATEST STORIES Cindy Imbo and Clemente had nine points apiece to lead the Lady Altas. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding View comments Slow and steady hope for near-extinct Bangladesh tortoises
Teng shares credit for astounding numbers to entire Thunder Trump strips away truth with hunky topless photo tweet LATEST STORIES View comments El Nido residents told to vacate beach homes FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress PSG are trying to lure the 25-year-old Brazilian to France and are ready to pay off his 222 million euro ($256.8 million) release clause and make the player the best-paid footballer on the planet.Last week Pique took to social media to say “he’s staying” – but when pressed on the matter Tuesday ahead of a pre-season friendly in the United States against Manchester United he was less sure of himself.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“It’s a personal opinion from the conversation that I had with him and my intuition,” Pique said.“But it’s not official,” he added. “And it’s not for me to say if he’s going to stay or not.” Robredo should’ve resigned as drug czar after lack of trust issue – Panelo The position sent a shudder down the spine at Barcelona.“Pique retracts and feeds the uncertainty,” the newspaper Sport said.“The situation is eroding confidence at the club,” columnist Tomas Andreu wrote in Sport.“What really hurts here is the silence of the player himself, which in the end says a great deal.”Neymar departed the stadium without addressing reporters after starring in a 2-1 win over Juventus on Saturday.ADVERTISEMENT Barcelona’s Brazilian forward Neymar runs with the ball during the International Champions Cup (ICC) match between Juventus FC and FC Barcelona, at the MetLife Stadium in East Rutherford, New Jersey, on July 22, 2017.FC Barcelona defeated Juventus 2-1. / AFP PHOTO / Jewel SAMADGerard Pique has sparked panic at Barcelona after appearing to backtrack on his “he stays” tweet on teammate Neymar, target of a blockbuster transfer by Paris Saint Germain.“Doubts, doubts and more doubts,” ran the headline Wednesday on the front page of Catalan daily Sport above a photo of the striker lost deep in thought.ADVERTISEMENT Don’t miss out on the latest news and information. Lacson: SEA Games fund put in foundation like ‘Napoles case’ “They (the club) did not expect the negotiations with PSG and the player to go this far,” he said.At the same press conference, the Argentine defender Javier Mascherano said he had told Neymar to carefully weigh up the pros and cons.Mascherano added all the players, including Lionel Messi, had spoken the player to ask him to stay.Sports Related Videospowered by AdSparcRead Next Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games MOST READ Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant
The Australian Masters Games is a biennial sporting event that is regarded as one of the premier and largest participation sporting events on the Australian sporting landscape. In 2017 the 16th edition of the Games will be hosted in Tasmania from Saturday 21st to Saturday 28th October.Touch Football will be amongst the biggest of the 40+ sports on offer at the games and is expected to attract over 6,000 participants for the week-long sporting and social program.Early Bird entries for the 16th Australian Masters Games close on Friday 11 August. Take this opportunity to enjoy the discounted Games entry of $99*.Your Games entry provides you with a number of goodies including kit bag, drink bottle, access to the Opening Ceremony in conjunction with the Devonport Food and Wine Festival, discounts to businesses throughout Tasmania’s North West, medical services and more.As well as an extensive sporting schedule, the Games will also comprise of a variety of social events throughout the week, providing a festival atmosphere for both competitors, visitors and the local community.Enter now at www.AustralianMastersGames.com for a week to remember.Touch Football Competition Details:DATES: Wednesday 25 – Saturday 28 October 2017VENUE: Meercroft Park, DevonportAGE: Men 30+, Women 27+If you need help booking accommodation for your team please call the Tourism Information Hotline on 1800 649 514.* Please note: a $9.00 service fee is payable per person at the time of submitting your registration, plus a sport specific entry fee. Further details available in the Games Entry Terms & Conditions.
ATHENS, Greece – Greece’s central bank chief says that the eight-year bailout program may be ending in August, but the crisis will only be over when the country can borrow from bond markets at sustainable rates.Yannis Stournaras also notes that bailout creditors’ decision in June to further ease Greece’s debt and bind future governments to fiscal sobriety will serve that purpose by boosting investor confidence.The yield on Greece’s benchmark 10-year bonds was just below 4 per cent Monday, from above 30 per cent at the height of the crisis.But Stournaras warned in a central bank report that Greece’s obligation to maintain high budget surpluses through 2060 will prove a major challenge.That, he added, was the price two future generations of Greeks must pay for past fiscal policy mistakes.
GALVESTON, Texas — Royal Caribbean Cruises Ltd. and the Port of Galveston plan to develop an $85 million terminal — the third for the cruise-popular city on the Gulf of Mexico.The Galveston County Daily News reports the partnership was announced Tuesday. The two groups are expected to sign a memorandum of understanding. The Wharves Board of Trustees, which governs the Port of Galveston, could approve a final agreement early next year.Port Director Rodger Rees said Tuesday that the third terminal could open by 2021 with an initial 20-year lease with Royal Caribbean. The cruise line would pay for the new terminal, planned at Pier 10 and also providing additional parking.Carnival Cruise Line and Disney Cruise Line ships also serve Galveston, which has terminals at Pier 25 and Pier 27.___Information from: The Galveston County Daily News, http://www.galvnews.comThe Associated Press
People on Social Security need a tax break. The rest of us need to make sure they get it — for everyone’s sake.When Congress made Social Security benefits taxable in 1983, lawmakers didn’t index the tax thresholds to inflation. They “forgot” inflation again when adding a second layer of taxation in 1993.That means the proportion of recipients who have to pay federal income taxes on their benefits keeps increasing. Initially, only 1 in 10 Social Security recipients had to pay any federal tax. Now, it’s over half.Not indexing to inflation is a sneaky way of boosting taxes . Lawmakers can count on growing federal revenue without the politically uncomfortable act of repeatedly voting for those increases.The taxes are based on combined income, which is a taxpayer’s adjusted gross income, plus any tax-exempt interest (such as interest on mutual bonds) and half of her Social Security benefit. Based on that:– Single people with combined income over $25,000 a year, or couples with over $32,000 a year, face taxes on up to 50 per cent of Social Security benefits.– Single retirees earning over $34,000 and couples earning over $44,000 may pay taxes on up to 85 per cent of benefits.Because of the way Social Security benefits are taxed, many middle-income retirees face a “tax torpedo,” where their marginal tax rate can more than double. (If you’ll have retirement savings of roughly $200,000 or more, consider talking to a tax professional or financial planner about how and when to claim Social Security benefits to minimize the tax effects.)In many cases, we’re punishing people who saved for retirement. That isn’t fair, and it isn’t smart.So we should demand Congress index Social Security taxation to inflation, right? Based on the 1983 threshold numbers, that would ensure that only singles making over about $64,000 year, and couples making over $82,000 a year, would have to pay taxes on their Social Security income.If only it were that simple.The money collected from these taxes goes to two specific places: the Social Security and Medicare trust funds. Perhaps you’re starting to see the problem.Both trust funds are running short of cash and could be depleted in a few years. That doesn’t mean they’ll be bankrupt. It does mean they won’t be able to pay 100 per cent of promised benefits.Social Security’s retirement trust fund is expected to run dry in 2034, after which it would be able to pay only 75 per cent of the benefits that have been promised. Yanking away what amounts to 4 per cent of its revenue, which is what’s generated by taxing up to 50 per cent of benefits, would just hasten that day.Medicare’s hospital insurance trust fund is in worse shape. The fund, which pays for inpatient hospital visits, skilled nursing, home health care and hospice, is forecast to be depleted in 2026, just a few years from now. The money raised from taxing Social Security benefits makes up 8 per cent of the revenue going into the fund.So fixing the stealth tax will require fixing Social Security and Medicare as well.Proposals to privatize or scrap these systems face strong political opposition. Plus, the proponents can’t guarantee that future generations would be better off. Shoring up the current systems, by contrast, would ensure that today’s workers get the benefits they’ve been promised.That almost certainly means those of us who are still working will pay in one way or another. We could fix the problem virtually overnight by raising the Social Security tax rate by 1.415 per cent to 7.615 per cent and increasing the Medicare tax rate by 0.32 per cent to 1.77 per cent . (Employers would pay an equal amount, since payroll taxes are split between workers and employers.)More likely, tax increases would be phased in over time and combined with other changes, such as raising the full retirement age and lifting or eliminating the current cap on how much of our earnings are taxed. (The current 6.2 per cent Social Security tax applies only to the first $128,700 of annual earnings in 2018, while the 1.45 per cent Medicare tax applies to all earnings.) You can experiment with possible solutions using the American Academy of Actuaries’ Social Security Game .Few of us are excited about paying more taxes, but shoving the burden onto retired people who’ve already paid their dues simply isn’t right. Making the system more fair could benefit all of us, now and in the future._______________________________________This column was provided to The Associated Press by the personal finance website NerdWallet . Liz Weston is a columnist at NerdWallet, a certified financial planner and the author of “Your Credit Score.” Email: email@example.com . Twitter: @lizweston.Related links:Taxes: NerdWallet https://nerd.me/2Cj0KL2The Social Security game http://socialsecuritygame.actuary.org/Liz Weston, The Associated Press
New Delhi: Air India has suffered losses of around Rs 300 crore since late February as its long haul flights from New Delhi are taking longer to reach destinations in Europe, the Gulf and the US because of the closure of Pakistan’s airspace. The Pakistani airspace has remained shut for traffic to and from India ever since hostilities broke out between the two countries after the Pulwama suicide bombing in Jammu and Kashmir on February 14. With its aircraft operating from New Delhi spending longer time in air, Air India is incurring daily loss of Rs 6 crore on extra fuel burn, cabin staff expenses and reduced flights. Also Read – India gets first tranche of Swiss account details under automatic exchange framework The national carrier has approached the Civil Aviation Ministry to ensure it is compensated for the loss given that the airline cannot pull out these flights due to various obligations. “Air India has communicated to us about this. It is being taken up with all concerned,” a Ministry official said. The Air India flights to the US from Delhi now take 2-3 hours extra one way due to the restrictions over Pakistani airspace. Flights to Europe are taking almost two hours more resulting in financial loss. Also Read – Trio win Nobel Medicine Prize for work on cells, oxygen The airspace closure following an air strike by the Indian Air Force on the Jaish-e-Mohamnad (JeM) terror camp in Pakistan’s Balakot on February 27 has affected most airlines from Europe and the US that operate flights to and from New Delhi. Almost the entire air traffic from South East Asia to Europe has also been impacted as they would pass through north India into Pakistan and onwards. American carrier United has temporarily suspended its Delhi-Newark flight and is monitoring the situation. German flag carrier Lufthansa had said earlier that connections to Bangkok and Singapore would also be hit besides operations to India. “We are already preparing adjusted routes and will increase the amount of additional fuel in the event of delays. Some traffic rights for the new routing must also be secured,” the airline had said on closure of Pakistani airspace. An Air India official said that the airline has significant operations to Europe and North America and the diversion of flights due to closure of Pakistani airspace had so far caused a total loss of about Rs 300 crore. “The losses on account of payload restriction and cancellation alone is about Rs 2.75 crore per day. The longer flying time has affected the duty hours of cabin staff and pilots,” he said. “The other airlines have an option to pull out services in such situations but as the national carrier we cannot do so,” the official added.
OSU junior forward Yaw Amankwa (23) kicks the ball during a game against Louisville on Sept. 29 at Jesse Owens Memorial Stadium. OSU won 1-0. Credit: Breanna Williams / Lantern PhotographerThe Ohio State men’s soccer team will look to improve upon its five-game unbeaten streak against its third in-state rival of the season on Wednesday as the Buckeyes are scheduled to face Bowling Green at 7 p.m. at Jesse Owens Memorial Stadium. OSU has completed a major turnaround from the beginning of the season when the team went on a four-game losing streak. The Scarlet and Gray now sits at 4-4-2 overall and 1-1-1 in Big Ten play.The Buckeyes have found different ways to attack their opponents in order to win.“At the moment, we have a good rotation up top that’s allowing us to stay fresh and be able to attack pretty well,” OSU junior forward Danny Jensen said. “With the rotation, we are able to press a little more.”Not only do the Buckeyes have a good offensive rotation going, but their defense has been a weapon as well.OSU sophomore forward Marcus McCrary said Bowling Green is a solid defensive squad, which will be one of the challenges the Buckeyes will face.“We know they won’t be easy, and we know they will not be the toughest competition we play all year, but we just need to focus and be confident and just keep going,” McCrary said.The Falcons have lost three straight heading into Wednesday’s tilt.“We know they’re a solid team and we know that they are an organized team,” Jensen said. “More ways to get by that is to play our game and stay fresh.”Although OSU has had only one day of practice to prepare for the battle against Bowling Green, the Buckeyes are confident they can continue their unbeaten streak.“They’re just a good team and we’re going to take care of business on Wednesday,” McCrary said.Previous encounter with the FalconsRevenge might be the only thing on the Falcons’ minds after a shutout loss to the Buckeyes in the 2014 regular season.OSU earned a 3-0 victory over Bowling Green at home. OSU then-junior defender Liam Doyle scored the Buckeyes’ first goal of the game in just three minutes off a penalty kick. Then-sophomore Christian Soldat added to the lead after he scored off a rebound originally shot by then-junior midfielder Kyle Culbertson midway through the first half.OSU then-senior midfielder Yianni Sarris sent in a shot in the 64th minute that gave the Buckeyes their final goal of the game.By the end of the match, shots were a lopsided 20-6 in favor of the Buckeyes.Clean sweepThe Big Ten’s weekly awards for offensive and defensive player were swept by Buckeyes.Jensen took home the award for Offensive Player of the Week after netting a pair of game-clinching goals over Louisville and Michigan State last week. The last player from OSU to win the award was Jensen, in October 2014.The Defensive Player of the Week crown was captured by redshirt senior goalkeeper Chris Froschauer. The transfer from Dayton saved six shots in the two Buckeye victories last week, including his third clean sheet of the season in the win against Louisville. It is the first time in Froschauer’s career that he won a defensive award.Next upFollowing Wednesday’s action, the Buckeyes are scheduled to visit the Hoosier State to face Indiana at 7:30 p.m. in Bloomington, Indiana.