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Olympic legacy? A8
| ThursdAy, december 17, 2015 mirror_sports@yahoo.com.ph sports@businessmirror.com.ph Editor: Jun Lomibao
GOLDEN DIVE Jessica
Parratto and Amy Cozad dive to the gold medal in the women’s 10-meter synchro platform final at the USA Diving Winter National Championships in Indianapolis on Tuesday. AP
Rondo issues strong apology to gay referee
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OLYMPIC LEGACY? R
By Stephen Wade The Associated Press
IO DE JANEIRO —A Rio de Janeiro urban planner warns that next year’s Olympics will widen the gap between the wealthy and the poor in this already socially stratified city. Orlando Santos Jr. of the Federal University of Rio de Janeiro helped research a 190-page report that cites abuses linked to the games and questions the legacy for most of Rio’s 12 million residents.
“Rio is already a very unequal city,” Santos told the Associated Press. “After the games it will be even more unfair and segregated. There will be more wealth in a few areas, but no improvement for most people.” A Rio city government spokesman contested the findings, but said city officials had not seen the entire report and declined to comment. In an e-mail the city said transportation projects being built for the Olympics—a new subway line extension and high-speed buses—would speed commuting time. The city said “due to the Olympics” Rio de Janeiro has been able to improve education, health care and housing. It has repeatedly said that out of the total games’ budget of 38.7 billion reals ($10 billion), 57 percent is private money and only 43 percent public. The report titled “Rio 2016 Olympics: The Exclusion Games” suggests areas the Switzerlandbased International Olympic Committee (IOC) should monitor. The report coincides with President Thomas Bach saying last week the IOC would start auditing money it hands out to sports organizations, including the $1.5 billion it is giving to Rio organizers to prepare South America’s first games. The white paper by “The Popular Committee for the Cup and Olympics” touches on
VINTAGE BRYANT KOBE BRYANT sets the Lakers’ play against the Bucks’ Giannis Antetokounmpo. AP
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OS ANGELES—Kobe Bryant had 22 points and six assists as the Los Angeles Lakers beat Milwaukee, 113-95, in the Bucks’ first game since ending Golden State’s 24-0 start to the season. D’Angelo Russell had 19 points and seven assists as the Lakers took a 22-point lead in the third quarter and cruised to their second victory in 15 games, improving to 4-21 in Bryant’s farewell season. Michael Carter-Williams scored 19 points for the Bucks, who played without leading scorer Greg Monroe in their first game since snapping the Warriors’ 28-game winning streak dating to last season. Monroe was a late scratch with a sore left knee for the Bucks, who have lost 10 straight road games.
In Boston, LeBron James scored 24 points to lead the Cleveland Cavaliers to an 89-77 victory over the Celtics on Tuesday night in an uneventful rematch of their bruising first-round playoff series last season. Kevin Love had 20 points and eight rebounds in his first game back in Boston since Kelly Olynyk yanked his shoulder out of socket in the playoffs. Jae Crowder, who took a punch in the jaw from JR Smith in the series, scored 14 for the Celtics. Timofey Mozgov had nine points and a season-high 10 rebounds, scoring seven with five boards in the third quarter when Cleveland turned a five-point deficit into a 10-point lead. The Cavaliers have won three in a row since losing three straight to start the month.
games-related security, police violence, transportation, spending and housing. The report disputes the city government’s contention that most of them money for the Olympics is from private sources. It concludes that 62 percent is government money and cites documents from the Olympic Public Authority, an agency comprising all three levels of government set up to oversee games’ spending. The report says the private sector is paying less than 38 percent of the costs of the games—not 57 percent as Rio Mayor Eduardo Paes contends. It says the city’s accounting involves “omission of costs directly associated” with holding the games. “In the current financing structure created by the IOC, the Olympics are not good at promoting social fairness,” Santos said. “They [the IOC] are a billiondollar business, which is OK. But the business has to serve a wider interest of Brazilian people.” Citing information provided by the Rio city hall, the report says 22,059 families have lost their homes (a total of 77,206 people) between 2009 and 2015 from infrastructure projects related to last year’s World Cup and the Olympics. The report estimates “at least 4,120 families have been removed and 2,486 remain under threat of removal by reasons directly or indirectly related to the Olympic project.” The city hall says most displacements are unrelated to the big sports events. “In the recent era the Olympics have been used as basically a steamroller to roll over marginalized communities,” said American political scientist Jules Boykoff, who has written three books on the Olympics and is in Rio on a Fulbright research fellowship. “We’ve seen it in prior places like Beijing, London and to a certain degree in Vancouver, as well,” Boykoff added. “This has become a bit of an Olympic tradition.” The report said real-estate prices near the Olympic Park in suburban Barra da Tijuca have increased by at least 200 percent, pulling in speculators and pushing out longtime residents.
Avery Bradley scored 17 points for Boston, which was back home for the first time since taking the thenunbeaten Golden State Warriors to double overtime. In the other games, Denver defeated Minnesota, 112-100, and Sacramento downed Houston, 107-97. Randy Foye scored 19 points, and Denver picked up its sixth win in seven games. Kenneth Faried added 19 points and 10 rebounds, Will Barton had 14 points, seven boards and five assists, and the Nuggets shot 56 percent against the porous Timberwolves defense. Foye broke out of a season-long slump to hit five-of-six three-pointers, and the Nuggets hit 10 of 18 from deep as a team. Zach LaVine had 20 points and five assists and Andrew Wiggins scored 23 points for the Timberwolves, who have lost seven of their last eight games. They are 3-10 at home this season. AP
sports
It’s not like there were many good options: the Southeast Asian country is one of the worst affected by storms, volcanoes and other natural disasters. Just this week, Philippine authorities evacuated more than 700,000 people as Typhoon Nona (international code name Melor) made its landfall on Monday. Schools were shut in the Greater Manila Area and nearby
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AS RATE HIKE NEARS, FED HINTS ON FUTURE TO BE SCRUTINIZED
cities on Wednesday, as the storm led to major traffic jams with floods across the capital. “Can we allow the government to be paralyzed in case a disaster strikes Manila?” Arnel Casanova, president of the Bases Conversion and Development Authority (BCDA), said in an interview. “We must have a facility that will allow the government See “Clark,” A2
Neda Board OKs five agri, infra projects
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BusinessMirror
‘Rio is already a very unequal city. After the games it will be even more unfair and segregated. There will be more wealth in a few areas, but no improvement for most people.’
Thursday 2014 Vol.17, 10 No. 40 Thursday,18, December 2015 Vol. 11 No. 70
s insurance against some natural disaster crippling the government in Manila, the Philippines is building an alternate capital. Its chosen site is an air base that was damaged 24 years ago by one of the biggest volcanic explosions of the 20th century.
akiyuki nosaka
ACRAMENTO, California—Sacramento Kings guard Rajon Rondo has offered a stronger apology for directing a gay slur at veteran National Basketball Association (NBA) referee Bill Kennedy. Rondo said on Monday his actions toward Kennedy on December 3 were out of frustration and not meant to offend anyone. Rondo issued a statement on Tuesday addressing those who viewed his initial statement as a nonapology. He said: “I want to be clear, from the bottom of my heart that I am truly sorry for what I said to Bill. There is no place on or off the court for language that disrespects anyone’s sexual orientation. That is not who I am or what I believe, and I will strive every day to be a better person.” Kennedy has told Yahoo! Sports he is “proud to be an NBA referee and I am proud to be a gay man,” adding that he chose to come out in hopes of sending a message “that you must allow no one to make you feel ashamed of who you are.” Rondo was suspended one game by the NBA for directing a derogatory and offensive term toward Kennedy. Kennedy is in his 18th season as an NBA official, having worked more than 1,050 regular-season games and five in the NBA Finals. “I wholeheartedly support Bill’s decision to live his life proudly and openly,” NBA Commissioner Adam Silver said in a statement. “Throughout his 18-year career with the league, Bill has excelled as a referee because of his passion, dedication and courage. Those qualities will continue to serve him well both as a game official and as a positive influence for others. While our league has made great progress, our work continues to ensure that everyone is treated with respect and dignity.” Kennedy worked San Antonio’s home game against Utah on Monday, receiving applause from fans when he was shown on the videoboard with the officiating crew and his name was announced.
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Clark groomed as backup capital in times of disaster
INSIDE
Sports
A broader look at today’s business
he Nat ion a l Econom ic and Development Authority (Neda) Board, chaired by President Aquino, on Wednesday approved five big-ticket agriculture and infrastructure projects—including two that will be funded via the public-private partnership (PPP) scheme. Communications Secretar y Herminio B. Coloma Jr. said the five agriculture and infrastructure projects were given the green light following another marathon Neda Board meeting. Coloma said the Neda Board first approved the P50.2-billion Regional Prison Facilities project,
PESO exchange rates n US 47.3800
which will be implemented under the PPP scheme. The project entails the construction and maintenance of a modern prison facility in Fort Magsaysay, Nueva Ecija. According to the web site of the PPP Center, the proposed facility can accommodate 26,880 inmates, including staff housing and administrative buildings, areas for sports, work and religious activity. It will be installed with high-security equipment. Coloma said the Neda Board also okayed the P4-billion ManilaQuezon Avenue bus rapid transit, a World Bank project partly funded
Federal Reserve (the Fed) Chairman Janet Yellen removes her glasses, as she testifies on Capitol Hill in Washington on February 25. A rate increase is expected when the Fed ends its latest meeting on Wednesday. It would be the first rate hike in more than nine years. And it would raise the Fed’s benchmark rate from a record-low near zero, where it’s been for seven years. AP/Pablo Martinez Monsivais
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t’s not about what it will do. It’s about what it will say. The worst-kept secret in the financial world is that the Federal Reserve (the Fed) is all but sure on Wednesday to raise interest rates from record lows by a modest quarter point. On that, pretty much every one agrees. The uncertainty hinges on what the Fed will say about how much and how fast it expects to raise rates again in coming months. A relatively aggressive pace would contribute to higher borrowing rates and risks slowing the economy. It could also roil financial markets. It isn’t the message investors want to hear. They’d prefer for the Fed to signal that it foresees a slow and
gradual series of rate hikes, one that would allow it to periodically assess whether the economy was sturdy enough to withstand higher rates. The Fed has kept its benchmark short-term rate near zero, since setting it there in 2008, to help save the financial system in the depths of the financial crisis. Now, with the job market all but fully healthy, the central bank is ready to begin lifting rates toward normal levels. Its policy-makers have signaled in recent months that they foresee an incremental pace. But investors want further assurance on Wednesday. See “Fed,” A2
See “Neda Board,” A2
n japan 0.3894 n UK 71.2643 n HK 6.1135 n CHINA 7.3332 n singapore 33.7224 n australia 34.0325 n EU 51.8053 n SAUDI arabia 12.6306
Source: BSP (16 December 2015)