Don’t Panic About Social Security
Following big Republican gains in the midterm elections earlier this month, and with President Barack Obama’s deficit commission unveiling its new proposals last week, everyone seems in agreement t...
By Ian Ransom MELBOURNE (Reuters) - Australian police may investigate a payment of $500,000 by Football Federation Australia to Jack Warner after the former soccer powerbroker was arrested in a sweeping corruption probe launched by U.S. authorities this week. Australia's national soccer governing body claimed the payment was made as part of "mandatory" FIFA bidding criteria during the country's failed bid for the 2022 World Cup but was misappropriated by Warner. Bonita Mersiades, a former senior member of Australia's bid team, and local lawmaker Nick Xenophon had written to the Australian Federal Police (AFP) asking them to investigate the payment, the AFP said.
By Anjali Athavaley NEW YORK (Reuters) - Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and promotions executives on federal corruption charges, other major sponsors including Coca-Cola Co, McDonald's Corp and Anheuser-Busch InBev urged FIFA to resolve its problems and repair its image. This starts with rebuilding a culture with strong ethical practices in order to restore the reputation of the game for fans everywhere," Visa said in a statement.