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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Fifa

FIFA Passes Massive Reform Package

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Sports Illustrated
Sports Illustrated
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February 26, 2016, 11:35 AM ET
FBL-FIFA-CORRUPTION
FIFA president Sepp Blatter looks on with fake dollars note flying around him throw by a protester during a press conference at the football's world body headquarter's on July 20, 2015 in Zurich. FIFA said Monday that a special election will be held on February 26 to replace president Sepp Blatter. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)Photograph by Fabrice Coffrini — AFP/Getty Images
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FIFA’s member nations voted overwhelmingly in favor of a landmark reform package at the extraordinary congress in Zurich Friday, ahead of the presidential election.

Term limits, the FIFA Executive Committee making way for the FIFA council, the publication of senior executives’ salaries and a greater presence of women on FIFA committees are highlights of the reform package, which passed by a 179-22 vote.

The new president will not be able to serve more than three four-year terms, for a maximum of 12 years in office. Sepp Blatter had been president since 1998 until his ban removed him from office.

Other pieces of the reform package include:

https://twitter.com/fifamedia/status/703171781092204544/photo/1?ref_src=twsrc^tfw

https://twitter.com/fifamedia/status/703170816364584960/photo/1?ref_src=twsrc^tfw

https://twitter.com/fifamedia/status/703171949812318208/photo/1?ref_src=twsrc^tfw

Based on FIFA regulations, the new reforms will go into effect in 60 days.

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