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US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Marcus Rashford tames Wolves to send Manchester United into second
Marcus Rashford’s deflected strike deep into stoppage time moved Manchester United to within two points of Liverpool at the top of the Premier League with a 1-0 win over Wolves on Tuesday. United laboured for long spells against a youthful Wolves side, but got a huge slice of fortune in the 93rd minute when Rashford’s shot hit Romain Saiss to leave Rui Patricio helpless. Victory takes Ole Gunnar Solskjaer’s men up to second and continues an excellent run of 23 points from the last possible 27 to mount an unlikely title challenge after a slow start to the season. Despite enjoying one more day’s rest amid the packed festive schedule than their opponents, Solskjaer made six changes from the side that drew 2-2 at Leicester on Boxing Day. Edinson Cavani made just his second Premier League start...
Leicester edge up to second despite draw vs Crystal Palace
A much-changed Leicester moved up to second in the Premier League thanks to Harvey Barnes’ late equaliser in a 1-1 draw at Crystal Palace on Monday. Wilfried Zaha’s stunning near post volley put the Eagles in front against the run of play after Kelechi Iheanacho had a first-half penalty saved for Leicester. With little over 48 hours rest between the Foxes’ 2-2 draw with Manchester United on Saturday and the trip to Selhurst Park, Leicester boss Brendan Rodgers made seven changes with Jamie Vardy and Youri Tielemans among those left on the bench. Both were introduced midway through the second-half and Leicester’s pressure was rewarded with an equaliser when Barnes fired in a low shot from the edge of the box for his eighth goal of the season. Despite the upheaval of missing many of their st...
Kieran Tierney hopeful victory over Chelsea a turning point for Arsenal
Kieran Tierney is hopeful Arsenal’s 3-1 win over Chelsea can be a springboard to climbing the table. The Gunners came into the game on the back of a winless run in the league dating back to the start of November. Coach Mikel Arteta was forced into a reshuffle due to illness and a coronavirus scare , and the changes paid off for the Spanish coach as his side looked far more hungry than Chelsea. Alexandre Lacazette’s penalty following a foul by Reece James on Tierney set them on their way on 34 minutes. A brilliant free kick from Granit Xhaka on the stroke of half-time doubled the advantage, and Bukayo Saka’s cross-cum-shot over Edouard Mendy secured the three points despite Tammy Abraham netting a late goal for Chelsea. The win does little for Arsenal’s position in the table, as they only m...
Pinterest overhauls harassment policy following discrimination complaints
A five-month investigation into Pinterest’s company culture published on Wednesday recommends broad changes to how the firm handles workplace conflicts, including harassment and retaliation. Produced by the law firm WilmerHale, the report details how the company can improve its workplace conditions and prevent discrimination, specifically recommending the creation of an internal ombudsman’s office that can field employee complaints. The law firm spoke with 350 current and former Pinterest employees over the course of its five-month investigation. Pinterest’s board has already unanimously voted to adopt the recommendations, which were shared with employees on Wednesday and posted publicly on the company’s website. In recent months, a number of Pinterest employees have come forward with comp...
Yuletide: Children are happier with gifts than excursions – study
Kids aged between three and 12 are happier when given material gifts than being taken on pleasure trips, a recently released study suggests. The findings, published in September in the International Journal of Research in Marketing, revealed that while adults tend to be thrilled by experiences, younger kids are more drawn to material goods. This effect, however, changes over time as a child’s cognitive skills increase, the study compiled by a team of researchers at the University of Illinois stated. “Across four studies with children and adolescents of ages 3–17 years, we show that children (ages 3–12) derive more happiness from goods than from experiences, but the effect changes over time,” it said. An associate professor of marketing at the Chicago-based institution, Lan Nguyen Chaplin, ...
AIBA approves new constitution in bid to regain IOC recognition
International Boxing Association (AIBA) has taken a step towards repairing a much-maligned governance structure that has been frequently criticised by the International Olympic Committee (IOC) after it approved an updated constitution at its virtual Congress. Under the new constitution, AIBA has installed term limits, rebranded the Executive Committee to the Board of Directors and reduced the number of members on the ruling body from 32 to 22. AIBA is hopeful the renewed document will appease the IOC, which last year suspended it as the Olympic governing body for the sport and stripped it of any involvement in the boxing tournament at the Tokyo 2020 Olympic Games because of concerns over its governance, finances and refereeing and judging. The Inquiry Committee, led by IOC Executive Board ...
WAFU B Cup: Ghana fall to Cote d’Ivoire but book Niger date
Ghana have ended their group stage campaign at the ongoing Wafu B Cup of Nations in Benin with a 1-0 loss to Ivory Coast but will still progress to the next round of the competition courtesy of a 1-0 victory over Nigeria on the last matchday. Kossi Nguessan’s second-half free-kick proved the separating factor at Stade de Gaules in Porto Novo on Saturday. The Black Satellites ultimately finished second in a three-team group, setting up a semi-final date with Niger. The 2009 world champions had already booked the qualification to the next round of the championship before Saturday’s last group game, having amassed vital three points in their first game against archrivals Nigeria. Ghana coach Abdul Karim Zito made five changes to his starting line-up for Saturday’s game, bringing on Alhassan U...
Court stops COSON from general distribution practice
A Federal High Court sitting in Lagos has declared that the General Distribution which is practised by the Copyright Society of Nigeria, COSON, is illegal. The practise involves the annual distribution of the same amount of music royalties, usually about N30,000 each, to thousands of the organization’s members. This practice was challenged in court by the Music Publishers’ Association of Nigeria, MPAN, in Suit No. FHC/L/CS/1418/2019; Green Light Music Publishing Ltd, Chocolate City Music Ltd, Premier Music Publishing Company Ltd v. Copyright Society of Nigeria Ltd/Gte. The judgement which was delivered on November 25, 2020, by Justice Oguntoyinbo also ordered COSON to stop further distribution of royalties “in a manner known as ‘General Distribution’ or how so ever called which does not re...
Donald Trump’s bias hawk FCC nominee one step closer to confirmation
On Wednesday, the Senate Commerce Committee voted to advance the nomination of Nathan Simington, a Republican in favor of greater government oversight of speech on the internet, to the Federal Communications Commission. Simington’s nomination now awaits a floor vote for final approval. President Donald Trump nominated Simington to be the next Republican FCC Commissioner in September. If approved, Simington would fill Republican Commissioner Mike O’Reilly’s seat, leaving the agency at 2-2 deadlock when Chairman Ajit Pai steps down on January 20th. Without a Democratic majority at the FCC, the Biden administration will likely have difficulties rolling through any major policy measures until another nominee is vetted and approved. In August, Trump abruptly withdrew O’Reilly’s renomination for...
Manchester City ease into Champions League last 16
Manchester City booked their place in the last 16 of the Champions League but there were more concerns for Pep Guardiola over his side’s lack of ruthlessness in a 1-0 win at Olympiakos on Wednesday. Phil Foden’s low strike nine minutes before half-time ensured City deservedly kept up their 100 percent record in Europe this season. But a one-goal margin of victory was a scant reward for the visitors’ dominance even with a heavily-rotated side. Guardiola made five changes to the team beaten 2-0 at Tottenham on Saturday to see City off to their worst league start since the first few months of the club’s Abu Dhabi-backed ownership. Scoring goals has been City’s big problem in the Premier League, but they had scored three in each of their opening three Champions League wins over Porto, Marseill...
Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...