Explainer-How risky is it to extend Canadian mortgage amortizations?
By Nivedita Balu and Fergal Smith TORONTO Canada's record pace of interest rate hikes has led to the
2023-06-28 00:58
Domino's Pizza will close all 142 stores in Russia
Domino's Pizza will close all its outlets in Russia, becoming one of the first major Western fast-food chains to exit the country since McDonald's and Starbucks left more than a year ago.
2023-08-21 21:23
How Fifa and Uefa turned choosing tournament hosts into a ‘stitch-up’
It is only now, despite knowing for months, that those involved in the United Kingdom-Ireland Euro 2028 bid are excitedly talking about the reality of tournament football returning to these islands. There was a sense from inside the campaign of not wishing to tempt fate, given how previous bids have gone. That is despite the fact this has been a fait accompli for well over a year. And, even though this victory should be celebrated, it does provoke bigger questions over football politics, especially given the controversies over the 2018 and 2022 World Cup bidding processes and the reforms that followed them. Euro 2028 is one of potentially five consecutive European Championships and World Cups that will have had virtually no competition in the bidding processes. The 2028 bid has been won because Turkey finally withdrew. They were never likely to win due to their comparative lack of infrastructure, which is why they have joined up with Italy to bid for Euro 2032. That Mediterranean joint-bid is similarly the only candidate for 2032, after a prospective Russian campaign was ruled ineligible by Uefa due to the invasion of Ukraine. In echoes of the 2028 process, the Canada-Mexico-USA bid for the 2026 World Cup did face competition from Morocco, but the latter was seen as having no chance for the same reason as Turkey. The “United 2026” bid ended up getting more than twice as many votes as its African rival. That saw Morocco eventually join up with Spain-Portugal for 2030, in a move that was seen as “outmanoeuvring” the politically influential Saudi Arabian bid since it split the African vote. The Gulf kingdom was no longer confident of victory so didn’t want to go through defeat, withdrawing … temporarily. The only competitor at that point was the South American bid to celebrate the centenary of the inaugural Uruguay 1930 World Cup, which had an inspirationally romantic sway. They were instead co-opted into an unprecedented “global celebration” for 2030 by being allowed to host the first three games. Uruguay get the opening match as recognition of their status as 1930 host and champions Argentina get the second match as recognition of their performance as 1930 runners-up and major partner. Paraguay get the third match, doing very well out of being the base of the South American federation, Conmebol. While there is admittedly a similar romance to that solution, and it eliminates any politicking before such a symbolic tournament, it has one more questionable effect. Fifa’s continental rotation rules mean South America has given up the chance at 2034 – since no confederation can host competition fixtures in consecutive tournaments – for a mere three games. It’s quite the trade-off. As one involved figure said, “that’s football politics”. That only leaves countries from the Asian Football Confederation and Oceania Football Confederation eligible, and the former are already fully backing Saudi Arabia. Australia and New Zealand are, meanwhile, left scrambling to find at least three extra stadia that meet the 40,000 minimum capacity in time for the 31 October bid deadline. It already looks like the decision may well go to the member associations for mere ratification. That should pose much bigger questions for football governance since one of the crucial points after the farce of 2018-22 was to improve transparency. A key measure in this was supposed to be bringing the World Cup vote to the members. That may still happen by the letter of the rules, but the spirit of it all has felt somewhat different. If the post-2022 reforms were supposed to be about preventing backroom deals, what has happened here? “It’s clear it’s gone backwards in terms of democracy and bidding,” one centrally involved source said. Wider politics clearly plays an influential role here. After the game was split by the 2018 and 2022 votes, with the World Cup brought to effective autocracies, three successive tournaments are now going back to traditional Western European football powers. England is the biggest partner in 2028, enjoying its first full tournament since 1996. Spain is the biggest partner in 2030, enjoying its first full tournament since 1982. Italy is the biggest partner in 2032, set to enjoy its first full tournament since 1990. Bookending those three tournaments, then, are almost certain to be two of the true geopolitical powers. The USA is now seen by all of football as the priority market with the sport burgeoning there. Saudi Arabia has meanwhile targeted a huge expansion into the game as part of a wider political and economic project. The kingdom also enjoys an increasingly strong relationship with Fifa, and its investment funds were set to bankroll the original idea for the expanded Club World Cup. That plan has now settled into a 32-team event in 2025 in the USA, that Saudi Pro League clubs are targeting for a major statement as the next phase of their development. They want to help make it a competitor to the Champions League, increasing their own profile. The prize and participation money for that event have yet to be decided. There is obviously significant political intrigue to all of this, as well as a lot of accusations behind the scenes. Most of the major forces look to have got what they wanted without much pushback. Many sources talk of “horse trading” between the major nations. Others go so far as using words like “stitch-up”. Some smaller South American federations aren’t overly happy with the 2030 decision, especially with how having three automatic qualifiers – in the three host nations – immediately reduces the value of the highly lucrative qualification league, while denying the chance at a World Cup for 24 years. On the other side, some admit this situation may be better than random bids and huge amounts of money wasted on failed campaigns. A further importance to all of this is that, for all the power of the club game, the hosting of the World Cup is still seen as the most influential development in football. It usually dictates the game for a decade, if not longer. The latter could be seen in how USA 94 directly instigated huge American investment into football, as well as multiple ownerships that started with the Glazers. The decision to award 2022 to Qatar, then, was probably the most influential moment in modern football history. It directly caused regime change at Fifa and Uefa, changed the calendar, and was a factor in Qatar taking over Paris Saint-Germain and Saudi Arabia buying Newcastle United. It has undeniably played a part in Saudi Arabia seeking to host a World Cup, too. The regional rivalry means Mohammed Bin Salman wants his own tournament, before you get to the wider benefits. That speaks to the profound political power of the World Cup, as football increases its pervasiveness as the most popular cultural pursuit the planet has ever seen. It all comes as the tournament itself becomes so big that fewer and fewer countries can actually stage it. That has influenced these bidding processes too. So much of this serves as a metaphor for the game as a whole. And, at the end of it all, there is still pure beauty in how people get to watch these great magical events near them. All of Dublin, Glasgow, Cardiff will be thrilled. That, of course, is precisely why all of this has a power beyond emotion. Read More Saudi Arabia bid for 2034 World Cup strengthened after Australia and New Zealand hit hurdle Gareth Southgate questions ‘integrity’ of 2030 World Cup format 2030 World Cup will be hosted by six countries across three continents, Fifa announces Euro 2028: Will host nations get automatic qualification? Cardiff, Glasgow, Dublin... The Euro 2028 final should be staged anywhere but Wembley UK and Ireland name 10 venues for Euro 2028
2023-10-10 22:20
Westpac hires RBA assistant gov Luci Ellis as chief economist
SYDNEY Australia's central bank is set to lose a top official to the private sector amid a broader
2023-07-10 14:49
The Bizarre (and Blatantly False) Conspiracy Theory That Says the Middle Ages Never Happened
We’re currently living in the year 1725, not 2023. At least, that’s what adherents of the Phantom Time Hypothesis would have you believe. The historical conspiracy theory alleges that the years spanning from 614 to 911 CE never actually happened.
2023-09-14 01:20
YouTube defeats racial bias lawsuit by Black, Hispanic content creators
By Jonathan Stempel A U.S. federal judge on Thursday dismissed a lawsuit accusing YouTube of restricting or removing
2023-08-18 04:29
2 school districts closed as hunt for escaped murderer expands after he was spotted outside the previous search area, authorities say
The manhunt for escaped murderer Danelo Cavalcante has expanded after he was sighted outside the area authorities have been combing since he escaped Thursday, Pennsylvania authorities said.
2023-09-05 21:26
Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire
Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since
2023-06-02 06:27
Elle Fanning claims she didn't get a role because she was told she was 'unf***able'
Actress Elle Fanning revealed in a new Hollywood Reporter roundtable that she got turned down for a movie role at 16 for being "unf**kable". The Great star joined other female comedy actresses including Jenna Ortega, Sheryl Lee Ralph, Ayo Edebiri, and more. All are nominated for this year's Emmys. One of the topics the actresses discussed explored dealing with sexism in the industry, in which Fanning spoke about an experience she said she had as a minor whilst auditioning for a movie. "I've never told this story," the former child star said. "But I was trying out for a movie. I didn't get it. I don't even think they ever made it. But it was a father-daughter road trip comedy. I didn't hear from my agents because they wouldn't tell me things like this. That filtration system is really important because there's probably a lot more damaging comments that they filtered." Sign up to our free Indy100 weekly newsletter "I was 16 years old, and a person said, 'Oh, she didn't get the father-daughter road trip comedy because she's unf**kable.'" She added. "Woah. at 16?" Lee Ralph responded in shock. "Of course, there are so many stories like this," Fanning said. "I've talked to people about this. And I can laugh at it now, like 'What a disgusting pig!'" Comedy Actress Roundtable: Jenna Ortega, Sheryl Lee Ralph, Elle Fanning, Ayo Edebiri & More youtu.be Fanning also took a moment to thank the adults around her for protecting her. She said "I have an amazing manager and agent who've been with me since I was 8 or 9." Around the age that comment was made, Fanning had featured in films such as Disney's Maleficent, as well as having a supporting role in Oscar-nominated film Trumbo. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-07 20:16
Scholz Backs Spain’s Calvino to Become First Female EIB Head
German Chancellor Olaf Scholz threw his support behind Spain’s acting Economy Minister Nadia Calvino in her bid to
2023-11-11 22:47
Despite owning the Denver Broncos, Patrick Mahomes wants more after playing career
Kansas City Chiefs quarterback Patrick Mahomes wants to own a team after his playing days are over.
2023-10-19 09:55
'1000-lb Sisters' star Tammy Slaton sparks health concerns after she's spotted in wheelchair
'1000-lb Sisters' star Tammy Slaton shares a sweet selfie with brother Chris Combs and Youtuber friend Chelcie Lynn
2023-07-01 09:48
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