Women proposed for Iran cabinet

The Iranian president Mahmoud Ahmadinejad said today he plans to appoint at least two women ministers to his new cabinet, a first in the Islamic republic. He said in a live television interview he would propose Fatemeh Ajorlou for the welfare and social security ministry and Marzieh Vahid Dastjerdi for the health ministry. "There will be some more young people and other women in the cabinet," Mr Ahmadinejad said. He said he would submit his line-up to parliament on Wednesday.

Mr Ahmadinejad was sworn in on August 5 for a second four-year term after massive opposition to his June election victory sparked the worst crisis in the 30-year history of the Islamic republic. Lawmakers have warned him that his ministers must be "experienced" and urged him to co-operate if his line-up is to be approved during a confidence vote in parliament. Mr Ahmadinejad was criticised during his first tenure for frequently reshuffling the cabinet, sacking 10 ministers and two central bank chiefs and retaining inexperienced ministers.

* AFP

RESULT

Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)

While you're here

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Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

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Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.