Focus: Oil and inequality

Spanish National Police officers stand at a traffic checkpoint during a partial lockdown amid the outbreak of the coronavirus disease in Madrid. (File/Reuters)
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Updated 09 October 2020
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Focus: Oil and inequality

The week that was:
Global cases of coronavirus disease (COVID-19) infections rose above 35 million, with the Northern Hemisphere particularly affected. Europe has a patchwork of restrictions in place to curb the spread of the disease, which particularly affects cross-border (air)travel. The Spanish government is discussing putting Madrid under lockdown and cordoning it off.

Amid volatility, stock markets traded more or less flat on the week with a slight uptick. By Friday morning EST, the Dow had made up for its September losses.
China was the exception as the country came roaring back from the weeklong Golden Week vacation, when more than 63o million traveled across the country. The Shanghai composite was up 1.68 percent on Friday, and the Renminbi up the most in 4.5 years on hopes of Joe Biden winning the presidential race. The offshore Renminbi climbed 0.6 percent to Rmb6.6997 against the dollar, which was in line with a weakening dollar.
The US Federal Reserve’s Federal Open Market Committee Meeting Minutes reiterated that the guidance of interest rates remaining low, near zero, would hold through 2022 or 2023. There is broad agreement that the Federal Reserve could increase its bond purchases, if necessary, but that quantitative easing could not substitute fiscal stimulus, which upped the pressure on the Trump administration and Congress to find a compromise on a stimulus package.
US first time jobless claims stubbornly remain above 800,000 coming in at 840,000 for the week ending October 2

Morgan Stanley agreed to acquire Eaton Vance Corp. for $7 billion. The company’s Chairman and CEO James Gorman told Bloomberg that this was part of an integral strategy to originate, manage and distribute capital for its individual and institutional clients. He admitted to having paid top dollar but argued that the quality of the underlying assets and know-how in Eaton Vance was worth it.
The transaction has to be seen in the context of heightened deal activity in the asset- and wealth-management sector. The total value of transactions in the space reached $19.7 billion during 1H of 2020, which is up by 47 percent compared to the previous year according to Bloomberg.
The London Stock Exchange agreed to sell Borsa Italia to Euronext for $5 billion.
Focus:
West Texas Intermediate had its best week on Hurricane Delta approaching the Gulf of Mexico, shutting in around 92 percent of oil facilities in the region. Brent’s three-months’ time spread narrowed to a contango of $1.04 from $1.41 within one week, which indicates an easing of the oversupply.
Meanwhile S&P Global Platts puts the compliance of OPEC+ (an alliance of OPEC and its 10 allies led by Russia) at 99 percent for the month of September.
Earlier this week, OPEC published its World Oil Outlook. The organization forecasts oil demand to decrease by 9 percent in 2020 and not to return to 2019 levels before 2022, by which time the call on OPEC crude will have increased to 34.3 percent, or 1.4 million barrels per day (bpd) above last year’s forecast. OPEC production currently stands at 24.4 million bpd.
OPEC also expects North American tight oil to the tune of 14.5 million bpd to return to the markets by 2024. While this is significant, it is still below the 17 million bpd predicted in 2019.
OPEC sees demand growth to resume, induced by emerging markets led by India. Peak oil demand at 109.3 million bpd is predicted in 2040, which is later than several other oil analysts assume, their predictions of the effects of energy transition being more aggressive than OPEC’s.
OPEC also believes that demand growth will halve after 2025.
As some production from non-OPEC sources will fall away due to underinvestment, OPEC expects its production to increase to 43.9 million bpd by 2045.

These figures have big ramifications for Gulf Cooperation Council economies and their budgets over the next two decades. Looking at the natural resources space, it is generally the low-cost producers who have the wherewithal amid falling demand, which is what the OPEC numbers seem to confirm.
The pandemic has taken its toll on equality both in the US and internationally. We should not underestimate the importance of waning equality on social stability, which in turn will have ramifications on post-pandemic economic recovery.
Latest Fed data showed that the wealthiest gained most from the pandemic, in a further sign of a K-shaped recovery, where the wealth profile of the affluent increases while the poor were not able to benefit from the rally in stock markets since the second quarter, leading to rising inequality. The 50 richest Americans now own more than half of the county’s wealth. The top 1 percent of Americans by wealth own 52 percent of shares.
World Bank President David Malpass warned that extreme poverty is slated to increase globally for the first time since the Asian financial crisis in the mid-1990s. The pandemic is pushing an additional 88-115 million people into extreme poverty globally in 2020, potentially rising to 150 million within 2021.
Malpass stressed that countries needed to prepare for a different, post-pandemic economy by allowing capital, labor, skills, and innovation to move into new businesses and sectors as well as reskilling and upskilling their people. That is easier said than done for the world’s poorest countries, which lack the institutional capability and funding to do so.
Where we go from here:
Next week the International Monetary Fund and World Bank will hold their autumn meetings, which will be important for triangulating the state of the global economy and the prospects for economic growth.
The Trump administration is exploring restrictions for Ant Group and Tencent on grounds that their access to banking and personal data in the US might constitute a national security risk.
US President Donald Trump is said to now favor a comprehensive stimulus bill and has instructed Secretary of the Treasury Steven Mnuchin to resume negotiations with Speaker of the House of Representatives Nancy Pelosi, who favors a comprehensive deal rather than a partial arrangement on airlines. She has so far not budged from her $2.2 trillion headline number.

— Cornelia Meyer is a Ph.D.-level economist with 30 years of experience in investment banking and industry. She is chairperson and CEO of business consultancy Meyer Resources. Twitter: @MeyerResources


Iran’s President Raisi and FM Amir-Abdollahian join a long list of world leaders who have perished in air disasters

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Iran’s President Raisi and FM Amir-Abdollahian join a long list of world leaders who have perished in air disasters

  • Duo perished on Sunday when helicopter carrying them crashed in mountainous region of northern Iran
  • At least two dozen top officials, serving heads of state have died in plane, helicopter crashes over past century

LONDON: Iranian President Ebrahim Raisi was confirmed dead on Monday after search-and-rescue teams found his crashed helicopter in a mountainous region of northern Iran, close to the border with Azerbaijan.

Killed alongside Raisi were Foreign Minister Hossein Amir-Abdollahian and seven others, including the crew, bodyguards and political and religious officials.

Iran’s Supreme Leader Ayatollah Ali Khamenei has assigned Vice President Mohammad Mokhber to assume interim duties ahead of elections within 50 days. Ali Bagheri, the country’s one-time top nuclear negotiator, was appointed as acting foreign minister.

Iranian authorities first raised the alarm on Sunday afternoon when they lost contact with Raisi’s helicopter as it flew through a fog-shrouded mountain area of the Jolfa region of East Azerbaijan province.

Iranian authorities first raised the alarm on Sunday afternoon when they lost contact with Raisi’s helicopter. (AP/Moj News Agency)

Raisi had earlier met Azerbaijan’s President Ilham Aliyev on their common border to inaugurate a dam project.

On the return trip, only two of the three helicopters in his convoy landed in the city of Tabriz, setting off a massive search-and-rescue effort, with several foreign governments soon offering help.

As the sun rose on Monday, rescue crews said they had located the destroyed Bell 212 helicopter — a civilian version of the ubiquitous Vietnam War-era UH-1N “Twin Huey” — with no survivors among the nine people on board.

State television channel IRIB reported that the helicopter had “hit a mountain and disintegrated” on impact.

Analysts have highlighted concerns about the safety of Iran’s civilian and military aircraft, many of which are in a poor state of repair after decades of US sanctions deprived the nation of new models and spare parts.

Iran has kept its civil and military aviation fleets flying during its isolation since the 1979 revolution through a combination of smuggled parts and reverse-engineering, according to Western analysts.

“Spare parts would have definitely been an issue for the Iranians,” Cedric Leighton, a retired US Air Force colonel, told CNN.

State television channel IRIB reported that the helicopter had “hit a mountain and disintegrated” on impact. (Reuters/West Asia News Agency)

“In this particular case, I think this confluence of spare parts, because of the sanctions, plus the weather, which was very bad over the last few days in this particular part of northwestern Iran.

“All of that, I think contributed to a series of incidents and a series of decisions that the pilot and possibly even the president himself made when it came to flying this aircraft … And unfortunately for them, the result is this crash.”

Sunday’s incident is only the latest in a long history of air disasters that have claimed the lives of world leaders since the dawn of aviation.

One of the first instances of a serving leader or head of state to die in an air accident was Arvid Lindman, the prime minister of Sweden, whose Douglas DC-2 crashed into houses in Croydon, south London, while attempting to take off in thick fog on Dec. 9, 1936.

As the age of aviation took off during the interwar period, more and more leaders began taking to the skies for diplomatic visits and to touch base with the more distant corners of their dominions.

On Sept. 7, 1940, Paraguayan President Jose Felix Estigarribia died in a plane crash just a year after taking office, followed in 1943 by Poland’s prime minister in exile, Wladyslaw Sikorski, who died on July 4, 1943, when his B24C Liberator crashed into the Mediterranean shortly after taking off from Gibraltar.

While aviation technology and safety rapidly advanced after the Second World War as more and more countries began establishing their own air forces and civilian commercial fleets, technical faults, bad weather, and foul play continued to claim lives.

The top officials were found dead at the site of a helicopter crash on Monday after an hourslong search through a foggy, mountainous region. (AP/Moj News Agency)

On March 17, 1957, Ramon Magsaysay, the president of the Philippines, was killed when his plane crashed into Mount Manunggal in Cebu. A year later, on June 16, Brazil’s interim president, Nereu Ramos, died in a Cruzeiro airline crash near Curitiba Afonso Pena International Airport.

Africa has also seen its share of air disasters. On March 29, 1959, Barthelemy Boganda, president of the Central African Republic, died when his Atlas flying boxcar exploded in midair over Bangui.

Then, in 1961, Swedish economist and diplomat Dag Hammarskjold, who served as the second secretary-general of the UN, died when his Douglas DC-6B crashed into a jungle in Zambia on Sept. 18.

With the 1960s came the widespread adoption of helicopter flight in conflict zones, search-and-rescue operations, and increasingly as an efficient way for politicians, diplomats and business leaders to get around and land in areas without an airstrip.

Sunday’s incident is only the latest in a long history of air disasters that have claimed the lives of world leaders since the dawn of aviation. (AFP)

Like fixed-wing aircraft, however, helicopters are not immune to bad weather conditions, obstacles, human error, sabotage or terrorism.

One of the first world leaders to die in a helicopter crash was Abdul Salam Arif, the president of Iraq, who reportedly died when his aircraft was caught in a thunderstorm on April 13, 1966.

Similar incidents followed with the April 27, 1969, death of Bolivian President Rene Barrientos in a helicopter crash in Arque, and Joel Rakotomalala, the prime minister of Madagascar, in a crash on July 30, 1976.

Bad weather contributed to the death of Yugoslav premier Dzemal Bijedic on Jan. 18, 1977, when his Gates Learjet crashed into a mountain during a snowstorm.

Climatic conditions were also blamed when Ecuadorian President Jaime Roldos Aguilera’s Beech Super King Air 200 FAE-723 crashed on May 24, 1981, and when Mozambican President Samora Machel’s Tupolev-134A crashed while trying to land in a storm at Maputo on Oct. 19, 1986.

Foreign Minister Hossein Amir-Abdollahian. (AFP)

As the skies became busier, the potential for accidents grew. On July 18, 1967, Humberto de Alencar Castelo Branco, the first president of the Brazilian military dictatorship after the 1964 coup, died in a midair collision of Piper PA-23 aircraft near Fortaleza.

On May 27, 1979, Ahmed Ould Bouceif, the prime minister of Mauritania, died in a plane crash off the coast of Dakar, Senegal, and Francisco Sa Carneiro, who served as Portugal’s prime minister for only 11 months, died on Dec. 4, 1980.

Not all crashes can be blamed on the weather or pilot error, however. In several cases, aircraft have been deliberately targeted as a means of killing their high-profile passengers.

Panamanian leader Gen. Omar Torrijos died on July 31, 1981, when his Panamanian Air Force plane crashed under suspicious circumstances.

On June 1, 1987, Lebanese statesman Rashid Karami, who served as prime minister eight times, was killed when a bomb detonated aboard his helicopter shortly after takeoff from Beirut.

In one particularly devastating incident, Rwandan President Juvenal Habyarimana and Burundian President Cyprien Ntaryamira were both killed on April 6, 1994, when their Dassault Falcon 50 9XR-NN was shot down while approaching Rwanda’s Kigali airport.

Iranians will observe five days of mourning for victims of the helicopter crash. (Reuters/West Asia News Agency)

There have been several investigations into the air crash that killed Pakistan’s Gen. Zia Ul-Haq on Aug. 17, 1988, but no satisfactory cause was found, leading to a flurry of assassination theories.

The Pakistani Air Force Lockheed C-130B crashed shortly after takeoff from Bahawalpur. According to investigators, the plane plunged from the sky and struck the ground with such force that it was blown to pieces and wreckage scattered over a wide area.

Despite vast improvements in aviation safety, disasters have continued to strike well into the new millennium.

On Feb. 26, 2004, Macedonian President Boris Trajkovski died when his Beechcraft Super King Air 200 Z3-BAB crashed while trying to land in poor weather at Mostar.

A man lights a candle to offer condolences outside the Iranian embassy, in Baghdad. (Reuters)

John Garang, leader of the Sudan People’s Liberation Army and briefly first vice president of Sudan, died when his helicopter crashed into a mountain range in the country’s south after getting caught in poor weather on July 30, 2005.

Muhammadu Maccido, the sultan of Sokoto in Nigeria, was killed alongside his son when his ADC Airlines Flight 53 crashed on Oct. 29, 2006, and Polish President Lech Kaczynski died on April 10, 2010, when his Tupolev-154 crashed in foggy weather when approaching Smolensk airport in western Russia.

In the latest incident prior to Raisi’s death, the deceased was actually at the controls when the aircraft got into difficulty. Chile’s former president, Sebastian Pinera, was killed on Feb. 6 this year when the Robinson R44 helicopter he was piloting crashed nose-first into Lake Ranco.

An Iranian woman holds a poster of President Ebrahim Raisi during a mourning ceremony in Tehran, Iran. (AP)

While this list of fatalities might give world leaders pause for thought as they step aboard their presidential jets on their next diplomatic outing, it is well worth remembering that modern air travel is statistically many times safer than traveling by road.

That said, an experienced pilot, an aircraft in good condition, a clear weather forecast, and a flight plan shrouded in secrecy would no doubt improve their odds of making a safe arrival.

 


Pakistan’s leading rights body expresses ‘grave concern’ as Punjab passes defamation law

Updated 4 min 10 sec ago
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Pakistan’s leading rights body expresses ‘grave concern’ as Punjab passes defamation law

  • Bill proposes special tribunals to decide cases within six months, issue hefty fines to persons for spreading “fake news”
  • Human Rights Commission of Pakistan says bill would serve as a “huge blow to freedom of expression and dissent”

ISLAMABAD: Pakistan’s leading rights body this week expressed “grave concern” over a defamation bill passed by the Punjab Assembly that empowers special tribunals to impose hefty fines on persons found guilty of peddling fake news, saying it would lead to a clampdown on freedom of speech and expression in the country. 

The bill empowers the government to establish a special tribunal to try those involved in drafting, publishing and/or airing “fake news.” The tribunal shall decide the case within six months and may impose a fine of up to Rs3 million ($10,770). However, when cases against individuals who hold constitutional posts are heard, the high court will hear them.

The bill also states that the government will provide legal assistance to women and transgender individuals in defamation cases through a legal team. The bill was tabled by Punjab Finance Minister Mujtaba Shujaur Rehman in the assembly on Monday, ignoring calls from the Pakistan Federal Union of Journalists (PFUJ) and other media bodies to delay voting on it. 

A ruckus ensued in the assembly with opposition lawmakers tearing copies of it and shouting slogans after the house passed it through a voice vote. Journalists present in the press gallery staged a walkout, saying the bill attempts to silence dissent. 

“The Human Rights Commission of Pakistan (HRCP) has expressed grave concern over the draft defamation bill tabled in the Punjab Assembly,” the HRCP said in a statement on Monday. 

The HRCP pointed out that the bill proposes a parallel structure to adjudicate defamation claims, adding that it has always opposed the same on the grounds that such measures “invariably violate fundamental rights and other universally accepted norms governing the fair functioning of the judiciary.”

It also raised alarm over the fact that the bill empowers the government to set up defamation tribunals and appoint judges at higher allowances and benefits than what are available to the existing provincial judiciary functioning at the district level. 

The HRCP said the bill states that defamation claims have to be resolved within 180 days and proposes authorizing tribunals to issue preliminary decrees up to Rs3 million without trial on receiving a defamation claim. 

“This will be a huge blow to freedom of expression and dissent,” the rights body said. “Such orders are likely to be passed without following due process and ensuring fair trials.”

The HRCP highlighted that the bill creates a “special category” of constitutional officeholders such as the prime minister, chief justices and military chiefs, among others. Defamation claims against these members would be heard by a one-member tribunal comprising a judge of the Lahore High Court. 

“This provision violates the principle of equality of citizens and equality before the law,” it said. 

Meanwhile, Punjab Information Minister Azma Bokhari last week defended the bill, saying its main purpose was to stop the spread of lies and defamation. 

“A person who lies under the guise of a journalist with a specific agenda will face the music under this proposed law,” Bokhari told journalists during a news conference on Wednesday. 

Bokhari said some articles peddling fake news which were published in Pakistan could not be published in other countries due to the stringent laws there that hamper such practices. 

“After this law, no one can be blackmailed,” she said. “Freedom of expression can neither be restricted, nor will be allowed to commit wrongdoing.”

Media bodies have often cited Pakistan as one of the most dangerous countries for journalists. The International Federation of Journalists (IFJ) on May 3 released its country report on Pakistan in which it said over 300 journalists and bloggers this year were affected by state coercion. 

The report said dozens of journalists were arrested this year for durations between several hours to four weeks and nearly 60 were served legal notices or summons for their journalism work or personal dissent online. 
 


Youth movement: NBA’s 20-something stars set to battle in conference finals

Updated 17 min 24 sec ago
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Youth movement: NBA’s 20-something stars set to battle in conference finals

  • Boston’s 26-year-old Jayson Tatum and 27-year-old Jaylen Brown are already experienced hands after the Celtics reached the conference finals in each of the past two seasons
  • Kyrie Irving, traded to the Mavericks in February 2023, has seen close-up what Doncic and the rest of the league’s rising stars bring to the table

LOS ANGELES: The NBA conference finals starting Tuesday will showcase a new generation of stars as the Boston Celtics take on Indiana in the East and Dallas clash with Minnesota in the West for a place in the NBA Finals.

Boston’s 26-year-old Jayson Tatum and 27-year-old Jaylen Brown are already experienced hands after the Celtics reached the conference finals in each of the past two seasons.

They made it to the championship series in 2022 but fell to the Golden State Warriors then were stunned by eighth-seeded Miami in the conference finals last year.

In the Pacers they’ll face a high-octane offense led by 24-year-old Tyrese Haliburton while in the West 25-year-old Luka Doncic will lead the Mavericks against 22-year-old Anthony Edwards and the Minnesota Timberwolves.

Kyrie Irving, traded to the Mavericks in February 2023, has seen close-up what Doncic and the rest of the league’s rising stars bring to the table.

“They have no fear,” Irving said after the Mavericks polished off a six-game victory over the top-seeded Oklahoma City in the conference semifinals.

“They want to kill our records. They want to kill us every time they get on the court,” said Irving, an eight-time All-Star who won a title with Cleveland in 2016.

“That was the first thing I noticed about Luka, that he just had no fear going against the best in the world,” Irving said. “He always walks around like he’s the best player in the world. I think that’s the confidence of a champion. That’s where it starts.”

LeBron James is still a force at 39 but his Lakers were swept by Denver in the first round of the playoffs.

The Timberwolves swept Kevin Durant and the Phoenix Suns out of the first round when the Pacers took care of Giannis Antetokounmpo and the Milwaukee Bucks.

Stephen Curry’s Golden State Warriors didn’t make it out of the play-in and three-time Most Valuable Player Nikola Jokic and the defending champion Nuggets were subdued in seven games in the West semis by Minnesota.

Edwards, averaging 28.9 points, 6.2 rebounds and 5.9 assists in the playoffs, showed his maturity in Game 7, when he shook off a poor shooting night to dig in on the defensive end and help author one of the greatest Game 7 comeback wins in NBA history.

“I’m not one-dimensional,” declared Edwards, whose stellar season has seen him tabbed for the US Olympic team.

But Irving thinks Doncic has the edge in maturity. The Slovenian star is in the playoffs for the fourth time, his longest prior run a trip to the conference finals in 2022.

Irving says Doncic is set to shine with a new supporting cast around him — not least himself.

The Mavs, seeking to add to the lone NBA title they won in 2011, host the Timberwolves in Game 1 on Wednesday.

The Celtics, who share the record for most NBA titles at 17, host the Pacers in Game 1 on Tuesday, with Brown and Tatum aiming to become the latest to lead Boston to the crown.

“We’ve just been in a lot of battles together,” Tatum said of his partnership with Brown. “Seven years as teammates. He’s been in the conference finals six times, this is my fifth time.

“(We’re) really getting to a stage where we understand what we can do individually. We know how gifted we are offensively, but each night just kind of presents different challenges ... both of us are capable on the basketball court to do literally everything.”

The Pacers’ Haliburton is in unfamiliar territory, but he can rely on the experience of Pascal Siakam, an NBA champion with Toronto who was acquired from the Raptors in January.

After surprising in the regular season — and earning national attention with their run to the final of the new in-season tournament — the Pacers are out to prove they can flout conventional wisdom and use their up-tempo offense to carry them all the way.

“Well, we’re the uninvited guest,” Pacers coach Rick Carlisle said of sixth-seeded Indiana’s arrival in the conference finals. “So here we are, OK.”


Met Office warns of glacial floods in Pakistan’s north amid rising temperatures

Updated 58 min 55 sec ago
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Met Office warns of glacial floods in Pakistan’s north amid rising temperatures

  • A heatwave is expected to hit Pakistan this week, with temperatures in certain areas surging past 40 degrees Celsius
  • Pakistan this year experienced its ‘wettest April since 1961,’ with at least 144 people killed in rain-related incidents

ISLAMABAD: The Pakistan Meteorological Department (PMD) on Monday warned of glacial lake outburst floods (GLOFs) in Pakistan’s northern Gilgit-Baltistan region and northwestern Khyber Pakhtunkhwa (KP) province, citing higher temperatures due to an expected heatwave from May 21 onwards.

A heatwave is expected to hit parts of Pakistan this week and temperatures in certain areas of the southern Sindh and eastern Punjab provinces may surge past 40 degrees Celsius, according to the country’s disaster management authorities.

Heatwaves, which occur in summer, are caused by slow-moving high-pressure systems leading to prolonged high temperatures. The World Meteorological Organization defines a heatwave as five or more consecutive days during which the daily maximum temperature surpasses the average maximum temperature by 5 °C (9 °F) or more.

“The daytime temperatures in Gilgit-Baltistan (GB) and Khyber Pakhtunkhwa (KPK) are expected to remain 4-6°C higher than normal from May 21 to 27 with chances of gusty wind/thunderstorm,” the PMD said in its GLOF alert.

“This atmospheric condition [will be] potentially increasing the likelihood of triggering a Glacial Lake Outburst Flood (GLOF) event or flash floods in the vulnerable snow-covered and glaciated areas of GB and Chitral.”

The Met Office advised the district administrations as well as local organizations and communities to remain vigilant during this period and take precautionary measures to avoid any untoward situation.

Labourers are silhouetted as they stand on scaffoldings at a construction site during a hot and humid day in Karachi, Pakistan on May 20, 2024. (REUTERS)

Pakistan experienced its first severe heat wave in June 2015 when temperatures as high as 49 degrees Celsius struck the country’s south, causing the deaths of about 2,000 people from dehydration and heatstroke. A heat wave in Sindh’s provincial capital of Karachi that year alone claimed 120 lives.

Increased exposure to heat, and more heat waves, have been identified as one of the key impacts of climate change in Pakistan, with people experiencing extreme heat and seeing some of the highest temperatures in the world in recent years. The South Asian country of more than 241 million, one of the ten most vulnerable nations to climate change impacts, this year experienced its “wettest April since 1961,” with at least 144 people killed in thunderstorms and house collapses.

Climate change-induced extreme heat can cause illnesses such as heat cramps, heat exhaustion, heatstroke, and hyperthermia. It can make certain chronic conditions worse, including cardiovascular, respiratory, and cerebrovascular disease and diabetes-related conditions, and can also result in acute incidents, such as hospitalizations due to strokes or renal disease.

Keeping the weather predictions in view, the government in Pakistan’s Punjab province on Monday announced the closure of public and private schools from May 25 till May 31.

“In view of the surge in temperature and heat wave in the province, all public and private schools shall remain closed for seven days with effect from 25th May 2024 to 31st May 2024,” the Punjab education department said in a notification, adding that exams could be conducted during these days with necessary precautions in place.

According to the Global Climate Risk Index, nearly 10,000 Pakistanis have died while the country has suffered economic losses worth $3.8 billion due to climate change impacts between 1999 and 2018.

In 2022, torrential monsoon rains triggered the most devastating floods in Pakistan’s history, killing around 1,700 people and affecting over 33 million, a staggering number close to the population of Canada. Millions of homes, tens of thousands of schools and thousands of kilometers of roads and railways are yet to be rebuilt.


Siblings trying to make US water polo teams for Paris Olympics

Updated 21 May 2024
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Siblings trying to make US water polo teams for Paris Olympics

  • Chase and Ryder Dodd are trying to make the men’s roster, alongside Dylan and Quinn Woodhead, while Ella Woodhead is in the mix for the loaded women’s squad
  • The women’s team is going to be announced on May 30, and the men’s team will be unveiled on June 18

WALNUT, California: Chase Dodd started swimming when he was just a kid. Once he began playing water polo, he was hooked.

When Ryder Dodd got a chance to follow his older brother, he was in.

“When I was around 6 years old, my mom was just like, ‘You want to hop in and play?’” Ryder Dodd said. “And I was like, ‘Yeah, of course I do.’”

That’s how it started for the Dodds, the very beginning of their road to USA Water Polo and, quite possibly, the Paris Olympics this summer. For Dylan, Quinn and Ella Woodhead, it’s a similar story.

The US water polo teams for this year’s Olympics could have a much deeper connection than just a mutual love of their grueling sport. Chase and Ryder Dodd are trying to make the men’s roster, alongside Dylan and Quinn Woodhead, while Ella Woodhead is in the mix for the loaded women’s squad.

The women’s team is going to be announced on May 30, and the men’s team will be unveiled on June 18.

“It’s interesting, just seeing the brotherly dynamic,” US men’s captain Ben Hallock said, “how they’re different, how they’re similar, what makes them special. ... So sort of seeing the traits that make them so good, but also a little bit of bickering and competitiveness is also fun to see.”

An invaluable connection

Dylan Woodhead, a 6-foot-7 defender who turned 25 in September, made his Olympics debut when the US finished sixth in Tokyo. Quinn, a 6-4 attacker, turns 24 next month, and Ella, a 5-10 defender, is 20.

“To have my brother here who I grew up playing with basically my whole career, it’s just special,” Dylan Woodhead said. “My sister, too, going through the same process, it’s just people that you’re more comfortable with. ... Playing with Quinn and talking through things with Ella, you can be brutally honest and that’s invaluable in this line of work.”

The Woodhead siblings are from Northern California. Their mother, Laura, was a swimmer at Stanford, and their father, Jeff, was a rower at California. Dylan and Quinn helped the Cardinal win NCAA title in 2019, and Ella will go back to Stanford after redshirting this season to try out for the US team.

The siblings grew up going to the Big Game — the annual college football showdown between Stanford and Cal. Dylan and his dad rooted for the Bears, and Ella and Quinn joined their mom in cheering for the Cardinal.

“(Dylan) was the first one to decide on Stanford, so kind of flipped the tide right there,” Quinn said.

A grinning Dylan offered a careful description of his father’s reaction to his college choice.

“I don’t know if he ever told me, but my mom said, ‘You know, it really hurt him,’” he cracked. “I think he’s OK with it now, there are worse schools to pick than Stanford in his eyes.”

A family falls for water polo

Dylan, Quinn and Ella got an early start on swimming through their mother. They had a pool in their backyard, and they played water basketball games that occasionally resulted in Ella being put in a headlock by one of the brothers to keep her from scoring.

With water polo, the brothers “found a really good community when we first started playing that we really enjoyed,” Quinn said. Ella vividly remembers going to their games as a kid.

“I was like 7 and 8, up in the stands, watching Dylan and Quinn play, taking stats on my own. Homemade stat sheet that I made,” she said. “So I think before I started playing, I kind of just fell in love with the tactical aspects of the game.”

The Woodhead siblings act as a sounding board for each other as they try to get better at water polo. Dylan and Ella talk about playing defender, and Quinn offers tips on shooting.

Dylan and Quinn also are very competitive, especially when they run into each other at US practice. It’s a similar dynamic with Chase and Ryder Dodd, who are from Southern California.

Chase Dodd, a 6-3 attacker who turned 21 last month, scored 39 times for UCLA during the 2022 season before taking this year off to train with the US team. Ryder, an 18-year-old attacker, is considered one of the sport’s rising prospects.

“We have a really competitive relationship. Almost everything we do is a game,” Chase Dodd said. “Everything we do is competition. It’s always go, go, go, go, go. I think that’s perfect for us playing this game.”

Other siblings to watch at the Paris Olympics

The US track team might have its own family ties. Noah Lyles likely will be among the 200-meter favorites, and his younger brother, Josephus, another sprinter, also is looking to make the US team. The American roster also could have Devon Williams for the decathlon and his sister, Kendell, in the heptathlon.

Siblings Karolien and Finn Florijn are looking to row for the Netherlands in Paris, following in the footsteps of their father, Ronald, who won gold at the Seoul and Atlanta Olympics. Tom and Emily Ford, two more rowing siblings, are hoping to medal for Britain.

Brothers Henrik, Filip and Jakob Ingebrigtsen of Norway are hoping to run in Paris this summer. Ron Polonsky and his sister, Leah, are looking to swim for Israel.