Wolfowitz negotiating resignation

first_imgIt was not clear whether the bank’s 24-member board would accept Wolfowitz’s terms. It is up to the board to decide what action should be taken in the matter. Pressure on Wolfowitz to resign has grown since the bank panel report, released Monday, regarding his handling of the 2005 pay package of bank employee Shaha Riza. Wolfowitz has maintained that he acted in good faith. WASHINGTON – Embattled World Bank President Paul Wolfowitz is negotiating an agreement to resign, according to an official familiar with the talks. His departure would include an acknowledgment from the bank that he doesn’t bear sole responsibility for the controversy surrounding a generous pay package for his girlfriend, the official said. The negotiations took place as the bank’s board deliberated Wolfowitz’s fate Wednesday afternoon. The official said Wolfowitz wanted the bank to accept some responsibility for conflicts of interest cited against him by a special bank panel. The official spoke on condition of anonymity because of the delicate state of negotiations at the bank, which uses loans and grants to fight poverty around the world. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Roy Keane slams ‘mind-boggling’ football transfer frenzy

first_img0Shares0000Roy Keane broke the British transfer record when he joined Manchester United from Nottingham Forest for £3.75 million in 1993LONDON, United Kingdom, Aug 29 – Former Manchester United star Roy Keane has slammed the “mind-boggling” spending of clubs paying huge fees for “average” players in a historically frenzied transfer window.Keane, who now works as assistant to Republic of Ireland coach Martin O’Neill, has been shocked by some of the sums paid by Europe’s top clubs since the end of last season. French giants Paris Saint-Germain have led the way, forking out a staggering £200 million (222mn euros, $263.5mn) for Neymar and preparing to invest heavily once again in Monaco’s Kylian Mbappe.In the Premier League, the spree has set a new record for a single window as the 20 top tier clubs splashed out over £1.18 billion.Manchester City splurged over £200 million, while 12 teams broke their transfer records.Keane is astonished that players he regards as mediocre are being given lavish contracts after making big-money moves.“It’s mind-boggling, the figures that are out there – especially for the average players. If ever there was a time to be a professional player it’s now. Average players are going for £35 million. My goodness,” Keane said on Tuesday.“I don’t really analyse it too much, but that’s the market place at the moment. There aren’t many top players out there. The really big players are going for big money and it’s filtering down now.“When average players are going for £30-40million, it does make you scratch your head. But if the clubs are prepared to pay that, then it’s not the players’ fault.”Keane played alongside stars like David Beckham Paul Scholes, Ryan Giggs and Ruud van Nistelrooy, as well as Cristiano Ronaldo, who cost Real Madrid £80 million when he left Old Trafford eight years ago.Asked what Van Nistelrooy would cost now, the 46-year-old replied: “Ruud would certainly be worth in the market now probably a billion.”“David Beckham?”. “A billion.” “Ryan Giggs?” “Two billion.”Asked further how much he himself might cost nowadays, Keane was more modest and referenced the then British record fee United boss Alex Ferguson paid to sign him from Nottingham Forest in 1993.“£3.75 million, I think,” he said with a smile.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Valley liftoff

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event It’s important for city officials to continue to roll out the red carpet to companies that could bring good jobs to Angelenos. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Despite occasional comments to the contrary, the news isn’t always about bad things. Just to prove that point, we note the possibility that one of the world’s most important aircraft manufacturers, Airbus, might be bringing some of its jobs to the San Fernando Valley. The European company reportedly contacted Valley representatives because it’s interested in expanding its presence in Los Angeles. City officials responded with appropriate enthusiasm, meeting with executives and offering to help where they could. They ought to; this is a big deal for the city. Aerospace jobs are much more significant to the city’s economic well-being than service-industry jobs. As well, the city can’t afford to keep losing good-paying jobs, as it did earlier this year when the Washington Mutual center in Chatsworth cut a total of 1,600 jobs, shipping many of them to Costa Rica and Texas. At the time city officials did little to try to keep the jobs local. last_img read more

Gerhart gets county record

first_imgTUSTIN – The Riverside County record is Toby Gerhart’s. The state mark is within his reach. But after pushing his career rushing yardage to 7,436 with a 235-yard, four-touchdown effort in a 49-21 win over Tustin on Thursday, the Norco senior running back had one number on his mind. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 That, too, is entirely attainable. Norco, ranked No. 1 in CIF-Southern Section Division V, ran its nonleague record to 5-0 with a rout of Tustin (1-4) that proved the Cougars were about a lot more than the Gerhart show. Josh Adams rumbled for 43 yards and a touchdown and the defense – which hassled the Tillers into a third-down punt in the first half – held Tustin to 183 yards on 38 carries, a lot of that coming in “garbage time.” “I thought the defense played well,” Norco coach Todd Gerhart said. “You never see that team lose yards.” The Tillers did that on four plays and completed two of nine passes for 110 yards – all in the second half. Norco, on the other hand, had forward progress all game long, and most of it had to do with Toby Gerhart. The 6-foo-1 senior finished off the Cougars’ first drive with a 48-yard run, then after Tommy Martin returned a punt 55 yards for a touchdown, he looked for the record and got much, much more. Needing six yards to break the record after Norco’s opening drive, Gerhart took a handoff from quarterback Coury Brown and dashed up-field off the left tackle. When he ran out of room along the left hash mark, he cut back toward the right sideline and raced 72 yards for a touchdown that gave Norco a 22-0 lead. The announcer alerted the crowd – the majority of which was Norco followers – of the feat. Referees sent the ball toward the Norco sideline. Play paused for a photographer to take an on-field picture with Gerhart and his offense. “It felt good,” said Gerhart, who has 1,010 yards rushing and stands 1,074 yards away from the state’s rushing record with five regular season games left. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!center_img Fourteen – not the 4,000 yards he originally set his sights on for the 2005 season. “The state record can happen,” said Gerhart, who had 12 carries before leaving after a 37-yard touchdown run gave Norco a 43-0 lead with 7:24 left in the third quarter. “But 4,000? I don’t know. It’s tough only getting 10 to 15 carries a game. But the only number that matters is getting that 14th win, like I’ve said all along.” last_img read more

`Superman’ does it all for Chargers

first_imgDrew Brees might need to feel threatened about his job security. It’s not first-round pick Philip Rivers breathing down his neck, it’s star running back LaDainian Tomlinson. Tomlinson threw his second touchdown pass of the season and added scores running and catching the ball in a performance for the record books, leading the San Diego Chargers to a 27-14 victory over the Oakland Raiders on Sunday. “In the celebration in the end zone I said, ‘Superman, you can do it all,” ‘ Brees said. “He can do a lot of things. Obviously, he had a big game today.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week “Marty hates the Raiders. I don’t know why,” safety Terrence Kiel said. “He told us that last night. It’s something personal.” The Raiders, who had been competitive in their first three losses, regressed coming out of the bye week and struggled after losing Randy Moss with bruised ribs and a strained groin in the first quarter. Tomlinson who tied Lenny Moore’s NFL record by scoring a touchdown in his 18th straight game showed off his all-around skills with 140 yards rushing and 39 yards receiving. Jaguars 23, Steelers 17 (OT) If Pittsburgh didn’t realize the value of Ben Roethlisberger before, they do now. Tomlinson delivered another big performance against the Raiders (1-4) he has 620 yards rushing in the last four meetings to help San Diego (3-3) dominate this rivalry in a way they haven’t since Al Davis was on the Chargers’ side. They have won four straight over the Raiders for the first time since taking the first six meetings from 1960-62, when Davis was their defensive ends coach. Chargers coach Marty Schottenheimer improved to 24-7 in his career against the Raiders. center_img Rashean Mathis scored on a 41-yard return of a Tommy Maddox interception in overtime and Jacksonville (4-2) took advantage of four Maddox turnovers against the injury-thinned Steelers (3-2), who lost their second straight at home. Bengals 31, Titans 23 QB Carson Palmer tossed a 15-yard touchdown pass to Chad Johnson with 4:19 left and Cincinnati bounced back from its first loss of the season. The Titans (2-4) had won nine of the last 10 in this series between old AFC Central rivals, but Cincinnati (5-1) won for the first time since the 2001 season finale. It now leads the AFC North by 1 ½ games following Pittsburgh’s loss. The Bengals play host to the Steelers next week. Ravens 16, Browns 3 Baltimore forced three turnovers and sacked former teammate Trent Dilfer four times in a victory over Cleveland (2-3). Todd Heap scored the only touchdown for the Ravens (2-3), who bounced back from their worst start in franchise history after being penalized 21 times last week in a defeat at Detroit. Broncos 28, Patriots 20 Jake Plummer hit a couple of long passing plays, and Tatum Bell had a 68-yard run and finished with 114 yards to surpass 100 yards for the second straight week, as Denver (5-1) won its fifth straight. New England (3-3) fell behind by 25 early in the third quarter. With Tom Brady picking on the young Denver secondary, the Patriots pulled within eight and had the ball late. But Brady threw three straight incompletions and after a punt, the Denver offense ran the final 3 ½ minutes off the clock. Bills 27, Jets 17 QB Kelly Holcomb threw two touchdown passes in winning his second straight start as Buffalo topped New York. Willis McGahee had a career-high 143 yards rushing and a score, while receivers Eric Moulds and Jonathan Smith also scored touchdowns for Buffalo (3-3). The Bills’ defense had five sacks and forced three turnovers, including Terrence McGee’s interception in the end zone with 3 minutes remaining. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more