The MLB Hall of Fame (HoF) will announce their Class of 2017 next week, an event that will reveal as much about the writers who elect them as it will about the former players themselves.
If baseball’s so-called “steroids era” is largely over, the steroids-punishing era may be winding down as well.
For the most part, in recent years, the voting members of the Baseball Writers Association of America (BBWAA), myself included, have judged steroid-tainted stars to be unworthy of the HoF honour.
Now, maybe, not so much. Last year’s election of catcher Mike Piazza was one turn of the page. This year’s forecasted selection of first baseman Jeff Bagwell is another.
Neither player ever tested positive for a performance enhancing drug, nor had any credible accusations levelled against them. Both simply looked the part, and had rumours follow them around.
The suspicion showed up in Hall voting.
Piazza was arguably the most productive, power-hitting catcher the game has ever seen and should have been a first-ballot selection in 2013. Instead he appeared on only 57.8 per cent of ballots, way short of the 75 per cent required.
By 2015, Piazza had meandered up to 66.9. Then, last year, he rocketed to 83 per cent — a landslide!
Bagwell’s career Wins Above Replacement (WAR) is sixth all-time and his traditional numbers put him head-and-shoulders above the average HoF first baseman. Yet he did not even make half the ballots his first year of eligibility in 2011, and crept up to a mere 55.7 per cent by 2015.
Like Piazza, Bagwell got a huge boost last year, just short of Hall election at 71.6 per cent.
So what was so magical about 2016? The Hall changed its voting eligibility rules.
Instead of having lifetime voting privileges, BBWAA members who were at least seven years away from actively covering MLB were dropped from the rolls.
The total number of ballots cast dropped from 549 in 2015 to 440 last year. In short, the voters skewed much younger, as scores of retired writers, including many who covered the 1990s-centered steroids era, lost their ballots.
What us BBWAA types have known anecdotally for years came clear in 2016: older writers are harder on drug cheats than younger writers, perhaps because it was more personal for us. We lived through the inflated performances, the lying and the suspicions.
Voting does not line up completely along generational lines. Even many veteran writers have grown weary of the chore, trying to figure out who was naughty or nice.
For myself, it is an agonising process. I have not voted for Barry Bonds or Roger Clemens — statistically as Hall worthy as any players of any century, but saddled with overwhelmingly credible evidence of pharmaceutical help.
Performance enhancing drugs use compromises the integrity of the sport. Worse, the success of juicers is a signal to young players that it is worth the risk. Cheats should suffer a consequence: not get a spot in the HoF.
Piazza and Bagwell? They got my vote. Rumours were not enough for me to deny them. Yes, I know. We may already have a cheater we never even suspected in the Hall, and I may have helped. I can live with it.
Neither will I waste time crying if Bonds and Clemens eventually make it. Bonds jumped from 36.8 in 2015 to 44.3 in 2016, and Clemens from 37.5 to 45.2.
They both have five more years on the ballot after this one. I suspect they may hit 60 per cent or more on Wednesday.
The only thing I know for sure is that this used to be fun, not a walk down a dark, creepy alley.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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."
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
360Vuz PROFILE
Date started: January 2017
Founder: Khaled Zaatarah
Based: Dubai and Los Angeles
Sector: Technology
Size: 21 employees
Funding: $7 million
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5