Australia have topped the medals count at the past six Commonwealth Games and are expected to do so again in Glasgow, although with a reduced number of medals, according to team officials.
Australia earned 178 medals, 74 of them gold, at the 2010 Games in Delhi, but team officials are expecting a smaller total because of fewer medal events than four years ago.
Read more: Friendly city set for ‘friendly’ Commonwealth Games and more than 100,000 visitors
The government-backed Australian Sports Commission is targeting 152 medals in Glasgow through its Winning Edge strategy programme.
Sam Coffa, the Australian Commonwealth Games Association president, said it will be difficult for Australia to surpass or match the Delhi total.
“There are 11 fewer medal events in Glasgow than there were in Delhi, 261 as against 272. More athletes will compete for fewer medals,” he said.
Coffa expected increased opposition from the home nations England, Scotland, Wales and Northern Ireland. They received significant amounts of preparation funding for both the 2012 Olympics and Glasgow Games, he said.
“India can also be expected to have a carry-over benefit from the home Games in Delhi, while the African and Caribbean nations are competing strongly over a wider range of events at each successive games,” he said.
Team chef de mission Steve Moneghetti warned his country’s “arm-chair experts” not to expect their athletes to be medal-winning machines in Glasgow.
“I’m not panicking, but the Australian public needs to be realistic and understand this will be a very challenging games to have the success they take for granted and expect at a Commonwealth Games,” Moneghetti said. The Australia team, numbering around 415, will be looking to their swimmers for a kick-start to the multi-sports competition, with a target of between 53 and 55 medals in the pool.
The Australians have sent a powerful team of swimmers, including reigning world champions Cate Campbell, Christian Sprenger and James Magnussen.
Australia’s track-and-field team will be spearheaded by Olympic 100-metres hurdles champion Sally Pearson and world championships javelin medallist Kim Mickle.
Cycling is another of Australia’s strengths. The team includes five reigning world champions and is led by Olympic gold medallist Anna Meares, 30, competing in her fourth Commonwealth Games.
The men’s field hockey team is another strong medal contender after beating the Netherlands 6-1 in last month’s World Cup final at The Hague.
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UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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