Thursday

England lose to Uruguay and look set to exit World Cup early.....

Rooney scored first World Cup goal
CC World Cup Update

In another display of defensive naivety, England were beaten 2-1 by Uruguay courtesy of two Luis Suarez goals in a match played at the Arena Corinthians in Sao Paulo, Brazil.

Yet again, England lacked the requisite cutting edge in the final third and despite their obvious superior talent (as was also the case in their 2-1 loss to Italy), were made to pay by another experienced side at the World Cup.

England are now bottom of their group with zero points from two matches and will need a miracle to advance to the next round.

Italy and Uruguay will play tomorrow for a chance to take an unassailable lead of the group.

Wednesday

Breaking! Defending champions Spain out of World Cup!

The end for Spain?
CC World Cup Update

Defending champions Spain lost 0-2 to Chile in their World Cup match played at the Estadio Maracana in Rio de Janeiro, Brazil. Both Holland and Chile now go through to the next round with 6 points each ahead of their next game, coincidentally, against each other.

This is indeed a shocker as Spain was widely expected to qualify from this group.

It has however been quite a run by "La Roja Furia" as they have won just about everything the last 6 years, namely two European Cups and the 2010 FIFA World Cup held in South Africa.

They were however beaten by hosts Brazil in the final of last year's FIFA Confederations Cup.

Maurice Edu's Nigerian roots shaped his drive and commitment to his craft.....

CC Weekend Sports

After spending several seasons abroad playing in Scotland, England and Turkey, Maurice Edu was called into Jurgen Klinsmann’s provisional 30-man squad for the World Cup this summer but did not make it past the final round of cuts.
Here is a behind-the-scenes look at Edu’s family life and it profiles his upbringing by his Nigerian parents in California. Edu’s father played soccer (football) in Nigeria and both his parents played a huge role in his success on the pitch and in the classroom.

Tuesday

I am sorry, but these Eagles are destined not to fly.....

Stephen Keshi
By Remi DaCosta

In a piece I wrote almost exactly 120 days ago, I called attention to the impending implosion of Nigeria's Super Eagles at this year's FIFA World Cup if our football stakeholders and well-meaning Nigerians did not call Stephen Keshi and the Football Federation of Nigeria (NFF) to order.

Well, it seems I have been proven right at the initial onset with the listless performance of the Super Eagles against a very poor Iranian side, that essentially "parked the bus" against an inexperienced and poorly coached Nigerian team.

As a Nigerian, I believe it is imperative that I make it abundantly clear that I want this team to do well.

However, the handwriting has been on the wall since the 1-1 draw against "mighty" Kenya in Calabar.

In fact, going back as far as the Nations Cup final against Burkina Faso, it was apparent that the team lacked the requisite bite in the final third as they actually should have put Burkina Faso to the proverbial sword much sooner, had they (Nigeria) not been so profligate in front of goal.

The team struggled to score in that final game simply because one player, Emmanuel Emenike was out injured. Nigeria has never been built like that as far as I have known. We have always had players in all positions with the ability to score at any time.

The problem though was that Keshi, who was essentially the "king of the Super Eagles mafia" in those days, had again brought his well-known lack of man-management skills (same when he was with Togo and Mali) to the Super Eagles and was clashing with all the key players Nigeria needed to take this team to the next level.

Nigeria huffed and puffed its way through the qualifiers against "world beaters" such as Namibia, Kenya, Ethiopia and Malawi and had to wait till the last day to grind out a listless 2-0 victory over Ethiopia, a country better known for producing long distance runners.

Everyone that had the ability to analyze the team pointed to the ominous flaws in the team, but Keshi, in his usual stubborn stance (that always seems to defy logic) continued to ride his self-destructive ego by alienating the proven strikers we had such as Anichebe, Martins and Ikechukwu Uche, among others.

We all continued to shout at the top of our voices, but we were always met with accusations of bias (including tribalism) by his ardent supporters who refuse to see anything wrong with a man whose antecedents point to a recurring penchant for self-destruction, by virtue of an over-bearing ego and debilitating stubbornness.

When Keshi finally released his team list, we all saw the handwriting on the wall. Although we welcomed the inclusion of Osaze Odemwingie, an experienced player with an eye for goal, there were some suspect call-ups (including the likes of Gabriel Reuben, Juwon Oshaniwa, Michael Uchebo and Michael Babatunde) that had absolutely no business being anywhere near the Eagles' training camp, much less on the plane to Brazil.

When you add the suspect call ups to Keshi's laziness (never scouts his opponents) and inability to offer the requisite technical and tactical input (pre-game and in-game), it is easy to see why this team is destined to struggle and did just that against a vastly inferior Iranian team.

This is not the African Nations Cup and as such those who are expecting another miracle should just forget about it. As a Nigerian that bleeds the Green-White-Green of that great nation, I hope this team does well and represents Africa with distinction.

It is however clear that regardless of how the team performs at this competition, Stephen Keshi and his band of agents (including Daniel Amokachi) need to be shown the door to prevent them from destroying the next generation of great talent we have coming through the ranks.

Nigeria and Nigerians deserve better as we have the talent pool needed to put us at the top for years to come..... with the right person at the helm.

Stephen Keshi is not that person and we wish him well on his new assignment with South Africa or any of the other five countries he says want him.

Monday

Implicating top Nigerian generals and other senior security personnel for sponsoring Boko Haram

CC Investigative by Remi DaCosta

Ten generals and five other senior military officers have been found guilty in courts-martial of providing arms and information to Boko Haram extremists, according to credible intelligence sources, although the military has so far denied the reports.

This is not surprising as there have been accusations from top politicians and national stakeholders that the upper echelon of the Nigerian military, which has been effectively compromised more-so under this current administration, have been helping the Islamic extremists, with some rank-and-file soldiers reportedly fighting alongside the insurgents and then returning to army camps.

Intelligence sources told CC that the recent reshuffling of President Jonathan's top security team has in-fact done more harm than good as some of the recently appointed security chiefs, a 'recurring' appointee in particular, are heavily sympathetic to the Boko Haram sect. 

The 'recurring' appointee, intelligence sources told CC has been one of the sect's most ardent financial and political supporters for years and continues to nurse incendiary aspirations for the top job at Aso Rock.

The irony of our investigative findings is that the support for the murderous sect actually cuts across ethnic lines and is rooted in political and strategic mischief on the part of both the incumbent government of Goodluck Jonathan and a core of his political opponents.

While the military continues to deny the reports, there is increasing proof (as evidenced by the recent spate of mutinous behavior by the front-line troops) that there are moles in the administration of President Jonathan from top to bottom, making it next-to-impossible for the mission of defeating Boko Haram to be accomplished.

It is inconceivable that the same Nigerian military that has distinguished itself for decades both locally and internationally (including an enviable peace keeping record across the globe) is all of a sudden incapable of defeating a rag-tag group of misfits and thugs masquerading as viable insurgents.

President Jonathan needs to stop deceiving himself, the Nigerian masses and indeed the whole world and for once grow a pair. 

He needs to clear house and put people in place that are truly committed to not only defeating Boko Haram, but ensuring that the general state of insecurity in Nigeria becomes a thing of the past.

Unfortunately, I doubt he will. 

Saturday

Donald Trump in "typical fight" with Chicago Mayor over sign on his downtown skyscraper

CC News

Donald Trump is at it again! 

This time, the real estate mogul is fighting with Chicago Mayor Rahm Emanuel over a sign affixed to his (Trump's) downtown skyscraper. 

The 20 ft tall TRUMP sign was placed 200 ft above the Chicago river and is back-lit by bright lights. 

Mr Emanuel's office said the mayor believed the "architecturally tasteful building" was "scarred" by the sign. 

But Mr Trump has said the sign is "magnificent" and "popular" and argued the city previously signed off on it.


It enhances the building, he said, stating that the building itself was "a great piece of architecture, great for Chicago".
"Cities love the [Trump] brand and we are getting tweets, letters and phone calls from people who just love it [the sign]."
The real estate magnate and prolific tweeter blamed Blair Kamin, Chicago Tribune's architecture critic, for stirring up controversy with his harsh criticism during the sign's recent installation.
"If this sign was in Atlantic City or Las Vegas, nobody would care - but it is in Chicago, and in a part of Chicago full of great buildings from the 1920s to the 1960s and onward," Mr Kamin, a Pulitzer Prize-winner said.
None of the other towers have signs on them, he added, calling the Trump sign an "egotistical overstatement".
Mr Trump built the Trump International Hotel and Tower six years ago to replace an ageing Chicago Sun-Times building with its own sign. It is now the second-tallest building in the city.
The former tenants of the site agree with Mr Kamin.
"It is, rather, an obnoxious New York interloper, not unlike The Donald himself," wrote the Sun Times newspaper, which described the sign on its current building as "sociable but not loud".
Kelly Quinn, Mr Emanuel's spokeswoman, told the New York Times the mayor instructed Mr Trump's office to look into "options available for further changes".
You can expect we haven't heard the last of this "world-changing" issue. 

Saturday

Thursday

U.S. household net worth climbs $1.5 trillion in 1st quarter

By Steve Goldstein

WASHINGTON (MarketWatch) — Thanks to rising house prices and a growing stock market, U.S. households and nonprofits added $1.5 trillion in net worth in the first quarter, according to Federal Reserve data released Thursday.

The data was part of a voluminous report called the “financial accounts of the United States,” which contains details on an array of assets and liabilities. The gain in net worth to $81.76 trillion was driven by a $758 billion increase in the value of residential real estate and a $361 billion rise in corporate equities.

Though housing activity has remained muted, prices have grown, allowing many homeowners to escape a situation where their mortgage was greater than what their house was worth. Separate data released by CoreLogic show the number of properties that are underwater has dropped by about half since 2009.
Collectively, households now have 53.6% of the equity in residential real estate — way up from a low of 38.4% in 2009.
Debt outside the financial sector rose at a seasonally adjusted rate of 5% in the first quarter, a slight deceleration from the 5.2% in the fourth quarter of 2013.
Household debt grew 2%, as the 6.6% gain in consumer credit like car and student loans offset the 0.9% drop in mortgage debt. Mortgage debt has dropped 15 of the last 17 quarters, a drop of 13% from six years ago.
The part of the economy that can take advantage of low interest rates, the corporate sector, continued to borrow, with nonfinancial business debt climbing at an annual rate of 7.3%. The Fed said most of that borrowing came through the bond market.
After four quarters of increases, companies began to deploy the cash on their balance sheet, which fell to $1.85 trillion from $1.94 trillion in the fourth quarter.
Steve Goldstein is MarketWatch's Washington bureau chief. Follow him on Twitter @MKTWgoldstein.