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Chelsea’s Diego Costa happy to continue ruffling feathers

first_imgDiego Costa says he is “no angel” but the Chelsea striker will not compromise his combative approach. “On the pitch don’t try and put wings on me, as I am no angel,” Costa told BBC Football Focus. “I think that football has always had a passionate, aggressive side, with players giving their all. People have to get used to this. “Some people seem to think football is like theatre, and that everyone has to play the good guy. “But I think that you transform when you cross the white line, you’re not the same person as off it. “I give no quarter and I ask for none. Out there I’m going to fight for my team and do the best I can. “I’m not going to change that because of what people may think of it. “Afterwards, when the match is over, I have my family and my friends. I have fun like a normal person.” The 27-year-old Brazil-born Spain striker returned from a three-match retrospective suspension for violent conduct against Arsenal in last week’s defeat of Aston Villa. He has attracted criticism in some quarters for his on-field approach, but Blues boss Jose Mourinho has lauded his influence. center_img Press Associationlast_img read more

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Skeete to officiate at CONCACAF Women’s U-20 Qualifiers

first_imgGUYANA’S lone female FIFA referee, Maurees Skeete, departed for St Kitts and Nevis last Monday to officiate in the Confederation of North, Central American and Caribbean Association (CONCACAF) 2017 Caribbean Women’s Under-20 Quarter-Finals from November 22 to 26.Skeete is one of 12 female referees from the Caribbean at this five-day competition that will determine the fixtures for the Finals of the CONCACAF Caribbean Women’s Under-20 Championship set to take place in 2018.In an invited comment, head of GFF’s Refereeing Department, Stanley Lancaster, said Maurees’ participation should serve as an inspiration to young female referees, stating: “This is a great achievement for Maurees and Guyana as well. She is following in the footsteps of Diane Ferreira-James who officiated in the 2015 FIFA Women’s World Cup in Canada. My desire and goal are that other females aspire, not just to be referees, but to achieve as much as these women.”The referee delegation arrived at the Marriott Resort & The Royal Beach Casino, St Kitts and Nevis, November 20 and will depart on November 27.last_img read more


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Update on the latest sports

first_img Associated Press Update on the latest sports EDMONTON, Alberta (AP) — The Las Vegas Golden Knights have wrapped up home-ice advantage in the NHL’s Western Conference playoffs with a one-goal win over the Colorado Avalanche in Edmonton.Alex Tuch (tuhk) scored with 16 seconds remaining on the overtime clock to give the Knights a 4-3 victory. Vegas took a 3-2 lead on a penalty shot by Jonathan Marchessault (MAHR’-sheh-soh) early in the third period, but the Avs forced OT when J.T. Compher beat Robin Lehner with 62 seconds left in regulation.Marchesault tallied twice and Lehner finished with 32 saves for the Knights, who will take on the Blackhawks in the first round.The Avs and Coyotes will square off in another first-round series.MLB-SCHEDULE — Rodney McGruder hit a 3-pointer with 26.5 seconds left to push the Clippers past the Trail Blazers, 122-120. Portland led much of the game, but Los Angeles closed on a 12-5 run to pull out the victory. The Clippers were without Kawhi (kah-WY’) Leonard and played the last five minutes without Paul George after he scored 21 points.NBA-NEWSSimmons needs knee surgeryLAKE BUENA VISTA, Fla. (AP) — The Philadelphia 76ers will spend the rest of the NBA season and playoffs without Ben Simmons.The All-Star guard will have surgery on his left knee, damaging the Sixers’ hopes for a deep playoff run. There was no immediate timeframe for his return, and it’s likely that no firm timetable on his recovery will be set until after the surgery. — Zach Plesac (PLEE’-sak) tossed six strong innings and the Indians erupted for six runs in the fourth inning of a 7-1 victory over the White Sox. The Indians had been blanked for 13 innings before Franmil (FRAHN’-meel) Reyes and Jordan Luplow each hit a two-run homer in the fourth. — Pat Valaika, Pedro Severino and Anthony Santander homered during a five-run eighth that gave the Orioles a 5-3 verdict over the Nationals. Baltimore went into eighth with just two hits and trailing 3-0 before rallying against Sean Doolittle and Daniel Hudson.— Anthony DeSclafani allowed two singles over six scoreless innings to pitch the Reds past the Brewers, 4-1. Eugenio Suarez hit a three-run homer in the first to put the Reds on top to stay. — The Rangers picked up a 2-0 win on Joey Gallo’s two-run homer. Six Texas pitchers combined on a four-hitter as Kolby Allard worked five innings before Edinson Volquez worked the sixth for his first major league win since 2017.— The Mets were 8-4 winners against the Marlins as Michael Conforto and Pete Alonso slammed two-run homers before J.D. Davis broke it open with a three-run blast. Rookie David Peterson allowed two runs over five innings to help New York end Miami’s six-game winning streak. The 3-year-old colt remains undefeated this year with four straight graded stakes victories. MLS-SEASON RESUMESMLS to resume regular season UNDATED (AP) — Major League Soccer says it will resume its season once the MLS is Back tournament in Florida wraps up. The league’s 26 teams will each play 18 games, with the first between FC Dallas and Nashville set for Aug. 12. Dallas and Nashville are playing three additional games after withdrawing from the league’s tournament because of positive COVID-19 cases. A majority of games will be played without fans because of local regulations. Teams will be subjected to a rigorous testing protocol and will use charter flights to travel. MLS suspended the season on March 12 because of the pandemic after teams had played two games each. HORSE RACING-TRAVERSTiz the Law wins againSARATOGA SPRINGS, N.Y. (AP) — Belmont winner Tiz the Law has easily won the $1 million Travers Stakes at Saratoga and heads to Kentucky for next month’s Derby as the favorite.Ridden by Manny Franco, Tiz the Law ran 1 1/4 miles in 2:00.65 and paid $3, $2.40 and $2.10. August 8, 2020 Johnson’s only major victory was the 2016 U.S. Open.Eleven other players will be three shots back heading into Sunday’s round. Scottie Scheffler also fired a 65 that leaves him tied with Cameron Champ at 8 under. Two shots back are Brooks Koepka (KEHP’-kuh), Paul Carey and Collin Morikawa, who fired a 65.NBA-SCHEDULEMurray returns to lead NuggetsLAKE BUENA VISTA, Fla. (AP) — The Denver Nuggets welcomed back one of their stars on Saturday and solidified their hold on third place in the NBA’s Western Conference. In other big league news Saturday:— Padres first baseman Eric Hosmer was activated from the injured list after missing 11 of the first 14 games with gastritis. Hosmer said he never received a precise diagnosis of the ailment and plans to see specialists after the season.VIRUS OUTBREAK-COLLEGE SPORTSMAC cancels fall sports due to virusUNDATED (AP) — The Mid-American Conference has become the first league competing at college football’s highest level to cancel its fall season because of COVID-19 concerns. The MAC announced on Saturday that all fall sports have been canceled, although it is exploring the idea of making them up in the spring. The MAC’s 12 schools are facing a significant financial burden by trying to maintain costly coronavirus protocols MAC schools rely heavily on revenue from playing road games against power conference teams. Most of those games were canceled when the Power Five went to exclusively or mostly conference games. A meeting of its presidents earlier in the week was expected to produce an agreement on how to go about a fall season. Instead, some schools pushed to not play. In other college sports news:— The Big Ten has told its schools that until further notice full contact football practices cannot begin. The conference announced all teams will remain in the first two days of what is known as the “acclimatization period” as teams work in just helmets. The Big Ten said all other fall sports will continue to work with team physicians and athletic trainers to adjust practices to the appropriate level of activity. MLB-NEWSSamardjiza on ILUNDATED (AP) — Giants hurler Jeff Samardjiza (sah-MAHR’-jah) has been placed on the 10-day injured list due to right shoulder impingement. Manager Gabe Kapler said the right-hander told trainers and the coaching staff that he felt like he wasn’t able to get the arm loose during Friday’s game. Samardjiza went four-plus innings and allowed six runs on seven hits in a 7-2 loss to the Dodgers. The Rays salvaged a split of the doubleheader as Austin Meadows provided a tiebreaking, two-run single in a 5-3 decision over New York. The Rays used six pitchers during a bullpen day that ended when Judge flew out deep with a runner on base.Elsewhere around the majors:— Niko Goodrum, Miguel Cabrera, C.J. Cron and Jeimer (JAY’-mur) Candelario homered in the first inning to ignite the Tigers’ 11-5 win over the Pirates. JaCoby Jones added a sixth-inning blast and Cron capped the scoring with an RBI double in Detroit’s second straight win.— Frankie Montas pitched seven shutout innings and the Athletics picked up their eighth consecutive win by downing the Astros, 3-1. Marcus Semien homered in the first after hitting a walkoff single to end a 13-inning win on Friday.— Jake Arrieta picked up his first win in more than a year by tossing three-hit ball over six innings of the Phillies’ 5-0 shutout of the Braves. Jay Bruce smacked a three-run homer and J.T. Realmuto (ree-al-MOO’-toh) went deep for the third straight game. Cole just misses 20th straightUNDATED (AP) — Gerrit Cole came within one out of winning his 20th consecutive decision despite another power display by the New York Yankees. Homers by Aaron Judge, Giancarlo Stanton and Mike Ford powered the Yankees to an 8-4 win over the Rays in Game 1 of a twinbill. Cole had a 5-0 lead as he entered the fifth inning, but he had to be pulled one strike shy of qualifying for the victory. Jose Martinez belted a two-run homer that made it 5-3 and ended Cole’s outing.Cole was bidding to tie Roger Clemens, Jake Arrieta and Rube Marquard for the third-longest streak ever. Hall of Famer Carl Hubbell leads the list with 24 in a row, followed by Roy Face with 22. Share This StoryFacebookTwitteremailPrintLinkedinRedditGOLF-PGA CHAMPIONSHIPJohnson heads tight leaderboard at Harding ParkSAN FRANCISCO (AP) — Dustin Johnson shot a 5-under 65 in the third round at TPC Harding Park to enter the final round as the PGA Championship leader at minus-9. He had eight birdies in the round, which helped him forget a bogey on No. 6 and a double three holes later. Both times, he birdied the next hole. NASCAR-MICHIGANHarvick wins again at MISBROOKLYN, Mich. (AP) — Kevin Harvick raced to his fifth NASCAR Cup Series victory of the season by outlasting Brad Keselowski in overtime in the opener of a weekend doubleheader at Michigan International Speedway.Harvick won for the fourth time at MIS — and three of those victories have been in the last three years.Ford has now won five straight Cup races at Michigan and swept the top two spots Saturday with Harvick and Keselowski. Martin Truex Jr. was third, followed by Ryan Blaney and Kyle Busch. — Pittsburgh junior defensive tackle Jaylen Twyman has opted out of the 2020 season to focus on next year’s NFL draft. Twyman was a second-team All-American in 2019 when he registered 10 1/2 sacks. The 6-foot-2, 290-pound Twyman said his decision is not about COVID-19, but rather about taking care of his family’s needs. NFL-BROWNS-LANDRYLandry activated CLEVELAND (AP) — Cleveland Browns wide receiver Jarvis Landry has been activated from the physically unable to perform list, clearing the way for him to practice in training camp following off-season hip surgery.He underwent an extensive procedure to correct a issue that slowed him last season but didn’t keep him off the field. Landry hasn’t missed a game in six seasons and recorded 83 receptions for 1,174 yards and six touchdowns in 2019. Simmons left Wednesday’s game against Washington midway through the third quarter because of the injury.In other NBA news:— This season’s three NBA MVP finalists have won the award before. The trio announced Saturday is reigning MVP Giannis Antetokounmpo (YAH’-nihs an-teh-toh-KOON’-poh) of the Bucks, four-time MVP LeBron James of the Lakers and 2017-18 winner James Harden of the Rockets. James would join Kareem Abdul-Jabbar, Michael Jordan and Bill Russell as the NBA’s only five-time MVPs. Antetokounmpo is bidding to become the 12th back-to-back winner of the award. NHL-SCHEDULEKnights take top seed with OT win over Avs Busch remains winless on the year with five races left in the regular season.F1-70TH ANNIVERSARY GPBottas on pole for Silverstone GP ahead of teammate HamiltonSILVERSTONE, England (AP) — Valtteri Bottas edged out Mercedes teammate and championship leader Lewis Hamilton to claim the pole position for Formula One’s 70th Anniversary Grand Prix.Bottas clocked 1 minute, 25.154 seconds, 0.063 seconds ahead of the six-time world champion. It gave Bottas his first pole since the opening race of the pandemic-delayed season in Austria, which he went on to win. Jamal Murray scored 23 points, including the tying and go-ahead baskets in the Nuggets’ double-overtime win against the Jazz, 134-132. He sank a fallaway jumper for a 123-all tie and then beat the shot clock with a go-ahead 3-pointer. Murray had 12 rebounds and eight assists, just missing a triple-double in his first game since March 11. He missed the Nuggets’ first four games of the restart due to a tight hamstring.The Nuggets overcame Donovan Mitchell’s 35 points for Utah, including a 3-pointer with 4.2 seconds remaining in the second overtime.In other NBA action:— T.J. Warren poured in 39 points, including seven straight to put the Pacers ahead in the final two minutes of a 116-111 downing of the Lakers. LeBron James had 31 points, eight rebounds and seven assists after sitting out the first game since the Lakers clinched the top seed in the Western Conference. — The Suns are 5-0 since the restart after Devin Booker scored 35 points and Jevon Carter added a season-high 20 in a 119-112 victory against the Heat. Carter made six of eight 3-pointers for Phoenix, which is two games behind Memphis for the final Western Conference playoff berth.last_img read more


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Sumner County live twitter feed: Week #2 Wellington vs. Concordia, other county updates

first_imgWell, I learned something new everyday. I exceeded my tweeter account. So I’ll update you directly on site. Wellington drives to Concordia 25 but drive stalls. Concordia now has the ball with 2:46 to play in game. 2:00 to play Wellington will win this contest. First winning streak since 2009…South Haven leads South Barber 52-34 to start the fourth…Oxford leads Norwich 60-26…Caldwell in trouble at Udall.Wellington wins 27-6! Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more


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Ronaldo denies tax fraud at court hearing

first_imgMadrid, Spain | AFP |  Real Madrid forward Cristiano Ronaldo denied hiding millions of euros in income at a court hearing near the Spanish capital on Monday where he was charged with tax evasion.The Portuguese — the world’s highest paid sportsman according to Forbes magazine — is the latest football star to fall foul of Spain’s taxman.He follows in the footsteps of his arch-rival, Barcelona forward Lionel Messi, who was found guilty of the same offence last year.“I have never hidden anything, nor have I had the intention of evading taxes,” Ronaldo, 32, told the court, according to a statement from the sports agency which represents him, Gestifute.“I always voluntarily file my tax returns because I think we all must file a return and pay taxes according to our income. Those that know me, know what I ask my advisors: that they have everything up to date and properly paid, because I don’t want problems.”Accused of having evaded 14.7 million euros ($17.3 million) in tax, he entered and left the court in Pozuelo de Alarcon, a wealthy suburb of Madrid where he lives, via an underground garage to avoid the press.Prosecutors allege he took “advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities”.They say this was a “voluntary and conscious breach of his fiscal obligations in Spain”.Prosecutors accuse the four-time world player of the year of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for low corporate tax rates.In addition, they say the Real Madrid striker only declared 11.5 million euros of Spanish-related income from 2011 to 2014, while what he really earned during that time was close to 43 million euros.They also accuse him of “voluntarily” refusing to include 28.4 million euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.– ‘Legal and legitimate’ –Ronaldo told the court he did not create a “special structure” to manage his image rights when he moved to Real in 2009 but simply maintained the one set up in 2004 while he was at Manchester United “long before I thought of coming to Spain”.This structure had been deemed “legal and legitimate” by the British tax office.The affair has taken its toll on Ronaldo.According to press reports, Real’s all-time top goalscorer threatened to leave Spain over the affair, giving supporters a fright.He has since decided to stay on, according to Real coach Zinedine Zidane.If he were put on trial and found guilty, Ronaldo would risk “a fine of at least 28 million” euros and could potentially be jailed for three and a half years, the Gestha union of experts at Spain’s Inland Revenue has said.Since extending his contract last November until 2021, Ronaldo is the highest paid sports star in the world with $93 million earned in 2016-2017, according to Forbes.Ronaldo is not the only footballer to fall foul of authorities in Spain, which is only just recovering from a damaging economic crisis that saw countless people lose their jobs and inequalities rise.Messi was sentenced to a 21-month jail sentence and 2.09 million-euro fine last year for tax fraud.His prison sentence has since been replaced by another fine of 252,000 euros, which corresponds to 400 euros for each day of jail.Barcelona’s Argentine defender Javier Mascherano, meanwhile, agreed a one-year suspended sentence with authorities for tax fraud last year.Brazil star Neymar, another Barcelona forward, and his parents are also due to stand trial for alleged corruption over his transfer from Santos in 2013.Real have not been spared either.Apart from Ronaldo, former player Angel di Maria, Portuguese defender Fabio Coentrao and Jose Mourinho, who coached the club from 2010 to 2013, have all been accused of tax fraud.All are clients of super-agent Jorge Mendes, who was also questioned and put under official investigation last month by a Spanish court investigating alleged tax evasion by Monaco’s former Atletico Madrid striker Radamel Falcao, another footballer in his stable. Share on: WhatsApplast_img read more


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Man with gun reported at USA Today HQ

first_imgFairfax County Police tweeted they are investigating the reports and are asking people to avoid the area.We are responding to reports of a man with weapon at the Gannett Building located at 7950 Jones Branch Drive in McLean. Please avoid the area, updates to follow #FCPD pic.twitter.com/cwz3c9wdUx— Fairfax County Police (@FairfaxCountyPD) August 7, 2019 Authorities have not confirmed that any shots were fired at this time.The Gannett Building houses USA Today offices. The headquarters of Gannett and USA Today has been evacuated following reports of a man with a gun in the building.The building is located just outside Washington, DC in Northern Virginia.A USA Today employee tweeted that the building has been evacuated.SWAT teams evacuation at @USATODAY HQ in Tysons pic.twitter.com/dCh6d160Uv— William Dyer (@wdyerz) August 7, 2019last_img read more


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Ireland pushes Wallabies into fourth spot

first_imgIreland have moved up one spot following their 50-22 win over Japan while Scotland beat the Wallabies in Sydney 24-19.Joe Schmidt’s Irish side added seven tries to the nine they managed against the USA the week before in Philadelphia as they registered another convincing victory in the second match of their three-game tour of North America and Japan.Australia are now fourth on the world rankings, just ahead of Scotland.Scotland leap-frogged South Africa into fifth place.Wales are up a spot to seventh after their win over Tonga in Auckland, while France are down two spots to eighth after their series loss to South Africa.New Zealand remain top from England.World RankingsPrevious position in brackets1(1) New Zealand 94.782(2) England 90.143(4) Ireland 85.094(3) Australia 84.635(6) Scotland 83.906(5) South Africa 83.637(8) Wales 81.458(6) France 80.169(9) Argentina 79.3110(10) Fiji 76.6311(11) Japan 73.6112(12) Georgia 72.9213(13) Tonga 71.8514(14) Samoa 71.2515(15) Italy 71.0016(16) Romania 70.2717(17) USA 66.1018(21) Uruguay 63.1519(18) Spain 63.1520(19) Russia 63.13 Photo: Photosport Ireland celebrate win over All Blacks 2016last_img read more


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Exchange Rate Soars Again

first_imgThe Liberian dollar is— once again— losing ground against the US dollar as consumers grow weary of visiting the market due to this situation. On the local foreign exchange market last week, the Liberian dollar was trading at L$85.00 for US$1.00, as the first quarter of 2014 draws its curtain. In January, the foreign exchange market got worse with the exchange rate hitting at L$90.00 for US$1.00.Amidst worries, consumers gave mixed reactions last week on fears that they may soon be unable to buy their needs. In a conversation with the Daily Observer’s business desk in Monrovia on Friday, Madam Hester R. Johnson, a consumer, expressed frustration over the pace at which the local currency is losing ground.“I came to the market to buy my food, but I am forced to spend more because prices have gone up. I am told that the exchange rate is the reason for the increase,” she said. Most Liberians earn their living on the Liberian dollar; as a result, depreciation of the Liberian dollar leads them to spend more money for less goods and services.While Madam Johnson and a larger segment of the population were worried about the depreciation of the Liberian dollar, others who have easy access to the US dollar were yearning for further increase in the exchange rate. “I want a higher rate for my US dollar,” insisted John G. Mulbah. Two money changers on Carey Street, Alpha Diallo and Andrew Kollie, attributed the depreciation of the Liberian dollar to huge demand from businesses, mainly from foreign business owners.“These business people need the US dollar rate intact to import their goods,” they said.Whatever the case, this situation warrants some level of intervention by the central government as the demand for the US dollar rises.The business desk following the foreign exchange market for weeks has observed that the huge demand for the US dollar is influenced by several factors as follows; the rising trade deficit being sustained by the economy where import is far higher than export.For example, the Liberian economy has to raise millions of US dollars (import payments) for rice, petroleum, clothes, cars and all of the consumable goods that importers bring to Liberia to sell.It is worth noting that most of the goods imported are sold in Liberian dollars, which have to be exchanged to US dollar before new goods are imported. The other reason is that all of the foreign companies, mainly concessionaires, are exporting unprocessed raw materials to the world market.These companies sell our raw materials in US dollars, but they don’t bring their profits back to Liberia. They shipped their profits overseas and deposit them in their foreign bank accounts and bring back only operating costs.Also to blame is the lack of or slow pace at which manufacturing is taking-off in the economy.Businesses have attributed the snail’s pace of industrialization in Liberia to the high cost of doing business in a country that has no electricity and pipe borne water. If any of these two infrastructures is available, it would be sold for the highest price probably in the world. Another key reason for the depreciation is that the government of Liberia requires the Central Bank of Liberia to maintain reserves in US dollars. This policy has, to a larger extent, limited the CBL’s ability to intervene or auction more US dollars to businesses.CBL’s 4th Quarter Exchange RateIn the 4th Quarter of 2013, the Liberian-US dollar exchange rate (on average) depreciated by 12.9 percent to L$81.88 for US1.00 at end-December, 2013, from L$72.50 forUS1.00 at end-December, 2012, the Central Bank of Liberia (CBL) says.However, when compared with the immediate past quarter, the depreciation was moderate at2.8 percent. A major factor that contributed to the pressure in the foreign exchange market, the CBL observed was largely caused by the high demand for foreign exchange needed to service rising import payments in the economy. The end-of-period exchange rate also depreciated during the quarter, moving to L$82.50 for US$1.00 at the end of December, 2013, from L$72.50 for US$1.00 a year ago.CBL’s Market InterventionAccording to the CBL, the total amount of foreign exchange sold during the 4th quarter of 2013 amounted to US$5.7 million, 60.0 percent down from US$14.3 million sold during the third quarter of 2013. With the Government of Liberia’s (GOL) external reserves accretion policy in place, the CBL declared that its intervention level declined substantially at end-2013 giving rise to immense pressure on the exchange rate during the quarter. On an annual basis, the total foreign exchange sold during the quarter dwindled by 67.4 percent.Money Market DevelopmentsOn the other hand, however, the money market operations in the economy gained momentum at the end of 2013. On behalf of the government of Liberia, the CBL conducted three 91-day T-bill (Treasury bill) auctions valued at L$320.5 million at a weighted average discount rate of 1.88 percent.The CBL reported that the amount of L$379.5 million (at a discount rate of 2.11 percent) representing the total value of previous quarter’s T-bills issued was redeemed in the quarter and those issued during the 4th quarter, 2013 are expected to be redeemed in the 1st quarter of 2014.“It should be noted that the primary motivation of the T-bill program is to service government of Liberia’s short-term expenditure need,” the Bank noted.In November 2013, the Bank disclosed that it conducted an auction in CBL bill redeemable in 182 days which aimed at sterilizing the excess Liberian dollar liquidity in the banking sector.At a weighted discount rate of 2.44, the CBL bill was issued at the value of L$1,130 million compared with L$1,197.5 million (with 91-day maturity) issued in the preceding quarter.The low cost of borrowing (low average weighted discount rate) reflects excess liquidity in the system, which the CBL said it intends to sterilize.The levels of oversubscriptions in both the T-bill and CBL’s bill auctions during the quarter ended December, 2013 reduced substantially to, L$145.8 million and negative L$870 million, compared with L$324.6 million and L$416.7 million, respectively, in the preceding quarter, indicative of the gain made by CBL in reducing excess Liberian-dollar liquidity in the system. The introduction of Liberian-dollar-denominated assets, the CBL has said is a positive measure toward de-dollarization in line with West African Monetary Zone’s (WAMZ) single currency drive.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


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Senate Ratifies 14 ECOWAS Conventions

first_imgThe Senate has ratified through concurrence with the House of Representatives 14 ECOWAS Conventions or Protocols signed by the Government of Liberia. The articles were submitted to the Legislature by President Ellen Johnson Sirleaf last August. Protocols ratified included the one establishing an ECOWAS Criminal Intelligence and Investigation Bureau, which was formulated against the backdrop of various forms of crimes across West Africa and their effects on the socioeconomic development of countries in the sub-region. According to the document, CIIB as a specialized institution of ECOWAS is tasked with preventing and combating crimes across the sub-region, with the main objective of enhancing effectiveness and cooperation of competent authorities in member states to prevent and combat transnational crimes and other related offenses. Also ratified is the protocol to fight against corruption, which aims to promote and strengthen the development in each state effective mechanisms to prevent, suppress and eradicate corruption. The protocol seeks to intensify and revitalize cooperation among states with a view to making anti-corruption measures more effective and promoting harmony and coordination of national anti-corruption laws and policies.The now recessed Senate also ratified the Democracy and Governance Supplementary to the protocol relating to the Mechanism for Conflict Prevention, Management, Resolution, Peace Keeping and Security. It seeks to supplement the protocol relating to the Mechanism for Conflict Prevention, Management, Resolution, Peace Keeping and Security signed in Lome, Togo on December 10, 2001. The supplementary protocol contains new provisions that address issues relating to the prevention of internal crises, democracy and good governance, the rule of law and human rights. The lawmakers on the eve of their four-month break also concurred with the House of Representatives on an agreement on the cooperation in criminal matters between the police of member states of ECOWAS. This agreement came against the backdrop of the increase in crime and the need to put in place stringent measures to address “this serious mayhem which constitutes a serious threat to the security, peace and stability of countries in the region,” the release indicated.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


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UPP Promises ‘Christian State’

first_imgUPP Standard bearer, MacDonald WentoMacDonald A. Wento, political leader of the United People’s Party (UPP), has promised a gathering of religious leaders in Ganta, Nimba County that if elected at the upcoming October polls, his government will pass a legislation making Liberia a Christian State.Mr. Wento gave the assurance when he spoke at a leadership workshop held at the Ganta branch of the Trumpet Baptist Church recently.Wento expressed disappointment at those he described as “religious leaders who denied their faith by not supporting Proposition 24,” a constitutional proposal in favor of Liberia becoming a Christian State.“As Christians, we need to stand firm and defend our faith to the glory of our Lord and Savior Jesus Christ,” he declared. “What makes one a religious leader when such person cannot defend his/her faith? Bishops and pastors who are supposed to be telling the people or their congregation to support Liberia being a Christian State are the ones who are preaching against it.”Mr. Wento explained that other religions will be allowed to practice their faith when Liberia is declared a Christian State.He said in countries where other religions dominate, the laws cannot be underestimated, “because such religions cannot deny faith, rather the members remain resolute to stand by their faith.”Wento, meanwhile, condemned the idea of a Muslim heading Liberia’s interreligious council, which he said would never happen in a Muslim dominated country for a Christian to head an interreligious council.The UPP leader blamed the government for not allotting budgetary support to churches and pastors to spread the good news of God through Jesus Christ.“In Saudi Arabia,” Wento said, “the government allots budgetary support for Muslims to spread Islam.”Meanwhile, the constitutional proposition pushing for Liberia to become a Christian State has seemingly vanished from the recommendations currently before the House of Representatives for legislative action.Proposition 24, put forward after nationwide consultations that concluded with a conference in Gbarnga, Bong County, is promoting Liberia becoming a Christian State. Amid widespread public criticism of the proposal, the Daily Observer gathered that the proposition has been removed by the House Committee on Good Governance.Many persons including prominent religious leaders have reportedly rescinded their decision to support the proposition.According to sources close to the committee, the final recommendations submitted to House Speaker Emmanuel Nuquay for onward submission to plenary for deliberation do not include proposition 24, apparently in an attempt to keep it from going to a referendum.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more