View comments Tim Cone, Ginebra set their sights on elusive All-Filipino crown Fournier took an inbounds pass with 1.8 seconds left after Nikola Vucevic blocked George Hill’s shot at the other end, and the ball went out of bounds off Hill.“I finished well shooting the ball, but I missed so many open shots in the first half and third quarter, it’s amazing,” Fournier said. “I knew (the last shot) wasn’t going to be catch-and-shoot situation because that’s a tough shot. … I knew I had time to dribble.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissJ.R. Smith’s 3-pointer with 41.9 seconds remaining had given the Cavaliers a 100-95 lead until Aaron Gordon scored after an offensive rebound for the Magic with 23.8 seconds to go. D.J. Augustin made a steal and two free throws with 18.7 seconds left to trim the deficit to one.Kyle Korver then lost the ball to Fournier, who hit one of two free throws with 13 seconds on the clock to tie it at 100. Cleveland answered with 11 straight points early in the third quarter and pulled ahead 71-68 on a 3-pointer by Hill.Hill and Smith combined for nine points and Jordan Clarkson converted a four-point play as the Cavaliers finished the period on a 15-2 run to lead 79-70.But they didn’t finish it. In the last 20 seconds they had two turnovers, and their only shot was blocked.“We put ourselves in a great situation and we just did not execute down the stretch,” Cleveland coach Larry Drew said. “When situations come up like that, you have to know what to do and execute. We didn’t handle it and that is why we lost the game.”JOB REPORTDrew, promoted to head coach when the Cavaliers fired Tyronn Lue on Oct. 25, reached an agreement to remain the head coach for the rest of the season. Drew said there was no discussion about anything beyond this season.TIP-INSCavaliers: Sam Dekker left the game with an ankle injury at 10:04 of the third quarter. … Clarkson, who has come off the bench for double figures in every game, scored his first eight points in a span of 71 seconds.Magic: F Jonathan Isaac missed a second game with a sprained right ankle. … The Magic played their third game in four nights, including wins on consecutive nights. Their next four games are against teams that failed to make the playoffs last season.UP NEXT Cavaliers: Home against Oklahoma City on Wednesday night.Magic: Home against Washington on Wednesday night.Sports Related Videospowered by AdSparcRead Next Gov’t to employ 6,000 displaced by Taal Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award A guide to the 2018-19 college basketball season Orlando Magic guard Evan Fournier, second from right, is hugged by Wesley Iwundu, right, as D.J. Augustin (14), Nikola Vucevic, second from left and Terrence Ross run out onto the court after Fournier made the winning basket at the buzzer to defeat the Cleveland Cavaliers in an NBA basketball game, Monday, Nov. 5, 2018, in Orlando, Fla. (AP Photo/John Raoux)ORLANDO, Fla. — Evan Fournier has struggled with his jump shot early this season. He got a big one to go down Monday night, though.The seventh-year swingman hit a 22-footer at the final horn and the Orlando Magic came back from a five-point deficit in the last 24 seconds, taking advantage of a late collapse by Cleveland in a 102-100 victory over the scuffling Cavaliers.ADVERTISEMENT Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Allen Durham still determined to help Meralco win 1st PBA title LATEST STORIES MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Nadine Lustre’s phone stolen in Brazil “We had to steal the ball, execute, and really win a game you’re not supposed to when you’re down whatever with 15 seconds left,” Fournier said. “Most of the time you don’t win those games.”Gordon scored 23 points for Orlando, while Fournier and Terrence Ross had 15 each. Fournier added three steals, including that critical one in the final seconds while the Cavaliers were trying to protect a one-point lead.Hill scored 11 of his 22 points in the fourth quarter and made 10 of 12 shots for Cleveland (1-9), which remained winless on the road. Tristan Thompson added 19 points and 16 rebounds.“It was real tough, but the good part about it is the way we competed,” said Smith, who had 14 points. “Mistakes were made, but to see the way we played together defensively and executing on offense was inspiring to watch.”Vucevic scored the final six points of the first half, including a putback with 1.4 seconds left, to leave Orlando (4-6) with a 58-47 halftime lead — the largest of the game for either team.ADVERTISEMENT Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Don’t miss out on the latest news and information.
Not to confuse our readers, the meaning of our title is that development is less expensive than underdevelopment. In other words, underdevelopment is in fact more costly than development. Take the private sector, for example. Company X earned gross revenues of US$100,000 in the year ending December 31, 2014. This company is owned by Liberians who are not sitting around waiting for government jobs, but have taken the entrepreneurial risk to go into business. Cost of goods sold and services rendered amounted to US$90,000. That means Company X only realized profits of US$10,000 in 2014. Company X is very efficiently run; but one solitary cost item sucks its profit margin dry. Fuel, used to generate electricity. This accounts for US$30,000 of the company’s budget per annum. The country in which it operates does not produce electricity. Home and business owners use what they can afford – anything from candles to diesel. Had affordable electricity been available, Company X projects that it could be doing at least 20% more business, which means hiring more workers (creating more jobs) and widening its profit margins. Multiply that by 10,000 Liberian businesses, and this amounts to tangible economic growth that does not require the manipulation of the numbers. A Liberian banking official recently told the Daily Observer that his bank is presently caught between a rock and a hard place, as are most banks operating in the country. In order to compete in the banking sector, his bank wants to begin offering debit cards. However, the servers that will keep the system operational 24/7 will need to be powered 24/7. In the absence of affordable electricity, that would be a major expenditure that the bank may not be able to afford. In business, the logical thing to do would be to pass the cost on to the customer; but if said cost is too high, customers may opt for a competitor who offers the same service for less. So if Bank X charges customersUS$5 per debit card transaction while Bank Z charges US$4, customers may opt for Bank Z unless Bank X offers other services that offset the cost and appeal to customers, causing them to stay. This banking official said that even foreign based banks operating here in Liberia are feeling the pinch of high energy costs; but for them, high profit margins in other markets absorb the losses incurred in Liberia. Unfortunately for small and medium-sized Liberian businesses, they do not have the luxury of subsidiaries that can absorb losses. As such, SMEs and large corporations alike struggle despite their best efforts to stay afloat.It applies across the board. Bad roads (underdevelopment) make business and private cars much more expensive to maintain and own. Bad roads also make transportation much more difficult, hence expensive. Business owners then have to pass the cost on to customers and the price of food skyrockets. How does this relate to development? If an enabling environment is created to enable businesses to thrive, they will. If, due to the availability of affordable electricity, the cost of doing business is lower, the prices of goods and services, especially essentials such as food and water, will also be lower for consumers, who may then opt buy more. Businesses will themselves be empowered to expand and pay taxes into government coffers. In this way, development (affordable electricity) is less expensive and more profitable than underdevelopment for businesses, consumers and government alike.Underdevelopment becomes even more unprofitable for governments from a legacy standpoint and from a stability standpoint. An administration that leaves a country underdeveloped will be judged very harshly in the annals of history. Every cabinet minister and executive who worked in that administration will be judged accordingly. Stability-wise, it is no secret in underdeveloped nations that when the level of underdevelopment reaches the critical point where it threatens citizen’s ability to feed their families, the perception of corruption takes over and anger sets in. The rest is effectively what we call history.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)