Home' Trinidad and Tobago Guardian : October 26th 2014 Contents A55
October 26, 2014 www.guardian.co.tt Sunday Guardian
THE COMMISSION OF ENQUIRY
THE FAILURE OF CL FINANCIAL LIMITED, COLONIAL LIFE INSURANCE COMPANY
(TRINIDAD) LIMITED, CLICO INVESTMENT BANK LIMITED, BRITISH AMERICAN
INSURANCE COMPANY (TRINIDAD) LIMITED, CARIBBEAN MONEY MARKET BROKERS
LIMITED AND THE HINDU CREDIT UNION CO-OPERATIVE SOCIETY LIMITED
No 11 Albion Street, Queen's Park West,
Port of Spain
RIO DE JANEIRO---Rio needs 70,000 unpaid vol-
unteers for the 2016 Olympics and Paralympics,
and Brazilian Olympic medalist Ricardo Prado is
making a pitch with a deadline for signups just
three weeks away.
"Without the athletes, the games can t happen,"
he says in a recruiting advertisement. "But without
the volunteers, it s the same."
The International Olympic Committee promotes
volunteers as the spirit of the games, recalling a time
when athletes were unpaid amateurs. They do thou-
sands of jobs---greet fans, escort athletes and give
directions around town---and many deliver specialised
services. They re the smiling faces of the host nation,
often praised at the opening and closing ceremonies
by monarchs, presidents and prime ministers.
They also save organisers at least $100 million in
salaries---and possibly more.
"There is a question to be asked: Is the exchange
really even, or is it unequal?" said Laurence Chalip,
who conducted a study for the IOC on volunteers
at the 2000 Sydney Olympics.
Volunteers are not only unpaid, but they pay their
own lodging and transportation to the host city. They
get transportation to venues and meals only on the
days they work, some training and uniforms to treas-
Chalip calculated their value in Sydney at $60 mil-
lion, and that was for only 40,000 volunteers. A very
conservative estimate suggests it would cost at least
$100 million to pay Rio s 70,000 volunteers a min-
imum wage to work two weeks at the games. Many
will work much more. Anything above the minimum
wage and the bill doubles or triples.
It would rise further if highly skilled volunteers,
such as doctors and other medical professionals, were
paid normal wages. Rio plans to use about 1,000
medical volunteers. The operating budget---the budget
for simply running the games themselves---is $3
billion. Paying volunteers would boost the budget by
about 3 per cent.
Overall, Brazil is spending about $20 billion---a
mix of public and private money---to prepare the
games, building sports and urban infrastructure.
"The question is not so much whether we should---
or should not---pay $100 million more out of an oper-
ating budget of $3 billion," Christophe Dubi, Olympic
Games Executive Director, said in an interview with
The Associated Press. "It is about the spirit of vol-
worth millions to
Volunteers are not only unpaid, but they pay their own lodging and transportation to the host city. They get
transportation to venues and meals only on the days they work, some training and uniforms to treasure...The operating
budget---the budget for simply running the games themselves---is $3 billion. Paying volunteers would boost the budget by
about 3 per cent.
PESCHIER: SHEILA of 31
Upp r Bo rn o d, .
J m di d on c ob r 22nd
2014. Wido of Al x nd r
chi r. Mo h r of r nc ,
Ch ryl, n, rick,
J cq lin , 'N il & ox nn .
Gr ndmo h r of K i h ,
K on, h , n ,
n liy h, C idy, Nol n,
Nichol & Mich ll (U. .A.).
Mo h r-in-l of Dominic,
Nicol , Colin, Nicol & ory
(d c'd). Co in of h o
& Corbin of B rb do .
Co in-in-l of Fr. Urb n
chi r (d c'd). A n of Jo y,
Eddi on (U. .A.) & m ny o h-
r . i r-in-l of Monic
(U. .A.), Un & Edm . Clo
fri nd of h D nni f mily,
Gl nd D rh m , J n , In-
grid, B rb r (B rb do ),
Y onn (U. .A.), oy, Co r -
n y & m ny o h r . F n r l
r ic 9:00 .m. on
W dn d y 29 h c ob r
2014, from Ch rch of h A -
mp ion, Long Circ l r o d,
h nc o h W rn C m -
ry. For nq iri con c
(Ern o) of Ari pi o d, .
Ann' di d p c f lly on
W dn d y 22nd c ob r
2014 h g of 86. H ill
b lo ingly r m mb r d by hi
if lin M i h; hi on,
Ern (Dicky); d gh r-in-
l , Log n; gr ndchildr n,
li i & r M i h; hi
ni c , o nn d il ;
n ph , ich rd r ; p
childr n l, ich rd &
Gilli n Akong; p gr nd on,
M h . H h bro h r
of Glori r (d c'd). h
F n r l r ic c l br ing
h lif of Ern M i h
k pl c on d y 28 h
c ob r 2014 9:30 .m.
h . Ann' .C. Ch rch, .
Ann' , follo d by ri
b ri l. A coll c ion ill b k n
p for . inc n d l o-
ci y, . Ann' . For nq iri
con c C&B 625-1170.
Died: October 26, 2010.
We are sad within our memory
Lonely are our hearts today,
For the one we loved so dearly
Has forever beed called away.
From Sample Family.
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