Current Affairs Global - 6 May 2014

1. Nobel Laureate economist Gary Becker passed away due to illness in Chicago on 3rd May. He was 93. He was professor of economics and sociology at the University of Chicago. His works include The Economics of Discrimination (1957), Human Capital (1964) and A Treatise on the Family (1981).

He received the Nobel Prize in 1992 in economics for using economics to analyze human behavior and interaction topics such as crime (why people commit it), discrimination against minorities and family life. The other awards include the Presidential Medal of Honor in 2007 and the John Bates Clark Medal in 1967.

2. Former Pakistan fast bowler Waqar Younis has been appointed national coach for a period of two years. He will join the team in June. He had earlier served as bowling coach of the Pakistan side in 2006-07 and briefly in 2009, and also as a head coach in 2010-11 before resigning after losing Semifinal match to India.

After Dav Whatmore's contract with Pakistan ended in February, Moin Khan was named coach and was in charge until the World Twenty20 in April.