The Premier League’s fixture list for the final weekend has become rather more newsworthy.
Partly because the British government’s road map out of lockdown opens up the possibility some fans make their belated return to grounds on May 23.
But partly also because what could have been one of the more meaningless games, between two teams whose destinies had already been decided, has started to loom large.
Fulham versus Newcastle could be huge. It could complete a great escape. The fear around St James’ Park is that it seals an ignominious decline. Even for such a seismic occasion, Craven Cottage may not be a cauldron of noise but the sounds emanating from Tyneside are distinctly panicky.
Fulham took seven points in as many days last week, narrowing a 10-point gap to three. Newcastle host Wolves on Saturday and could be dumped into the bottom three on Sunday.
A seemingly finished relegation battle has been revived. Newcastle risk the third demotion of the Mike Ashley era; it would be another milestone of mismanagement.
Fulham have the momentum, the spirit and the slicker football, all engineered by Scott Parker, one of Newcastle’s best midfielders of this millennium.
For months, they have looked a better team than Newcastle. None of which seemed to matter when Fulham’s fine displays only yielded draws, Newcastle could conjure wins in between, or occasionally in, poor performances and there was a gulf between them.
Newcastle have spent much of their time under Steve Bruce confounding the statisticians, ranking among the stragglers in most charts – shots for and against, possession, pass completion rate – but safely in lower mid-table in the standings that mattered most. That illogical formula looks less failsafe now.
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What the Newcastle stars earn
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Callum Wilson’s seemed a £20 million guarantee of safety. When he is fit, the striker ranks as one of Ashley’s shrewder deals. Wilson has scored in five of Newcastle’s seven wins, plus two of their draws. A return of 10 goals from 16 shots on target, plus five assists, makes him remarkably productive. He was outstanding in their best display of the season, the victory at Everton.
So his absence with a hamstring injury, potentially for much of the remainder of the campaign, is potentially fatal. He is the anti-Joelinton and the £40m Brazilian has one Premier League goal for the season and three in his career.
Bruce has responded to criticism of Newcastle’s negativity by trying to make them attacking.
They have registered 25 shots on target in their last six games – a dramatic improvement on a return of 11 in the previous six – aided by the return to fitness of Allan Saint-Maximin and the loan signing of Joe Willock, but changing both the brand of football and the results is no simple task.
It is rendered tougher by the reality Newcastle’s strangely-compiled squad do not really suit any one system.
The defenders’ fondness for three centre-backs, dating back to Rafa Benitez’s day, is clear, but can make them duller. Bruce’s preference for a back four has tended to be accompanied by a midfield diamond and two strikers of late, even if the winger Saint-Maximin has been crowbarred in as one of those front men.
There is a question if it leaves Newcastle more open. Goalkeeper Karl Darlow, who kept the score down early in the campaign but has looked more fallible of late, could be replaced by Martin Dubravka, who made the most saves last season: in itself, another sign of the side’s struggles.
That only one of their remaining seven home games is against a bottom-eight team indicates that their fate could be decided on the road. They have four remaining trips, including the next three, to potential relegation rivals.
Or it could be determined in the boardroom. Ashley tends to be reluctant to sack managers – after all, it costs money – and should have dispensed with Steve McClaren earlier in the demotion campaign of 2015-16. Bruce was never a popular appointment anyway and opposition to him has mounted, but seemingly not with his employers.
Arguably he confounded his critics last season, with results if not performances. Perhaps that encouraged Newcastle to believe that history would repeat itself.
But the criticism is that they are guilty of complacency, of sleepwalking into trouble. And what looked like a safe slumber could become a nightmare.
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press
Points tally
1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3
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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa
Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia
CHATGPT%20ENTERPRISE%20FEATURES
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