trmxxjau

No Image

Guyana to get more money from World Bank before first oil

first_imgUS$35M development credit– Bank to review draft SWF Act, provide technical supportEarlier this year, the World Bank agreed to give Guyana US$35 million in Development Policy Credit to help prepare the country to manage its future oil wealth. It turns out that a second tranche of financing will be given before first oil.Finance Minister Winston Jordan (centre) with members of the World Bank teamThis is according to the Finance Ministry, which in a statement noted that it was presently hosting a Joint World Bank Mission comprising the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA) and the International Financial Corporation (IFC).It is understood that the visit will last from October 1 to 9, 2018. According to the Finance Ministry, Government also shared the draft Sovereign Wealth Fund (SWF) Act with the World Bank officials, in a bid to have the Bank review and offer its technical advice on the document.According to the Finance Ministry, the World Bank team “committed to providing more technical guidance and support as Guyana moves towards the completion of the draft SWF legislation”.“The visit signals the Bank’s continued confidence in the macroeconomic stability of the economy and growing interest in Guyana’s development agenda, and the inclusion of the IFC underscores the importance Government has placed on ensuring that the new World Bank partnership framework incorporates policies and measures to support the development of a vibrant Private Sector that is geared to benefit from the emerging oil and gas sector.”This Mission, according to the Ministry, is expected to kick start discussions on the second tranche of the Programmatic Fiscal and Financial Stability Development Credit. The Ministry revealed that the second tranche of money would be negotiated and disbursed to Guyana in 2019.In addition, engagements with Government officials and the wider stakeholder community to prepare a Systematic Country Diagnostic (SCD) assessment for Guyana will be carried out. This assessment, according to the Ministry, is a precursor to developing a full Country Engagement Strategy that will provide data for the Bank’s future programming for Guyana within the institution’s next investment cycle.It is understood that the Mission is led by World Bank Country Manager for Guyana with responsibility for the Caribbean Country Management Unit, Galina Sotirova. The Mission also includes Judith Green, Principal Investment Officer of the IFC and eight other senior technical experts, including oil and gas specialists.“As part of its wider mandate, the Bank Mission consulted widely with the Private Sector, civil society, several commercial banks and the University of Guyana among other stakeholders,” the World Bank said.There have been criticisms of the SWF framework, which places much power in the hands of the Finance Minister. A Green Paper, which was laid in the National Assembly in August, sets out preliminary plans on how the Government hopes to manage the revenue from oil and other natural resources, with clear objectives of the Natural Resources Fund.The document states that the Finance Ministry will be responsible for the overall management of the Fund, including requested withdrawals in the annual budget proposal.The Ministry is also responsible for “…calculating the Fiscally Sustainable Amount, drafting the Investment Mandate, entering into the Operational Agreement with the Bank of Guyana and drafting the annual report and reporting on the Fund through the annual budget”, the document said.It sets out specific rules, including the Fiscal Rule, which caters for the development gaps, both in terms of human capital and physical infrastructure, that exist and the need to accommodate development spending via the national budget.To oversee these decisions, the Government has recommended the establishment of a macroeconomic committee which would consist of five members, including a representative of the Finance Minister.In terms of the management of the Fund, a sovereign investment committee would be responsible for advising the Minister on the investment mandate, but would also include a representative.Further, the Green Paper states that the Bank of Guyana (BoG) will be the operational manager of the Fund. (Jarryl Bryan)last_img read more

Read More

No Image

Carpenter nabbed with illegal pistol

first_imgRanks of the A Division (Georgetown-East Bank Demerara) on Tuesday arrested a West Ruimveldt, Georgetown, resident after he was found in possession of an illegal firearm.The discovery was made sometime around 19:30h in East La Penitence, Georgetown, during an intelligence-led operation.According to Police reports, the ranks confronted the suspect in Freeman Street, East La Penitence, and conducted a search during which they unearthed an unlicensed .22 Smith and Wesson pistol without ammunition.The 32-year-old suspect, a carpenter of Laing Avenue, West Ruimveldt, was subsequently taken into custody and is assisting with further investigations.last_img


No Image

Siren drew him across the street and into a sideline he loved

first_imgThe fire companies in town had two engines and one ladder truck. Hose Company No. 1 had one Mack firetruck that would pump 750 gallons of water per minute. The truck was only a few months old, and it was a magnificent red engine holding almost a mile of hose. Medical calls were handled by the police department since it had an ambulance. The only pay the firemen received was a clothing allowance of $250 per year. I was told that volunteer fire departments made up more than 75 percent of the fire departments in the United States, and I believe that figure is still true. The captain of the company tried to recruit me after I told him of my Navy medical background and education as a chemist. But I’m sure it also had something to do with living across the street. I accepted and began my career as a volunteer fireman. I enjoyed 10 years with the department before I moved to Minnesota. I have many memories of terrible fires and heroic rescues that are routine for firemen, but my most memorable experience was as the department’s chaplain. Soon after I took the position, we had a call to a leather-goods factory. When we arrived, the building was partially engulfed. Our captain directed us into the building. The smoke was so thick we could barely see. We stopped the solvents from exploding, but our captain collapsed and died of a heart attack. As chaplain, it was my duty to conduct a service before the day of burial. On that day, we gathered at the funeral home, and more than 100 people attended. This was my first memorial service, and I was scared as I wanted all to go well. Just as I was ready to begin the service, in walked the Catholic bishop of northern New Jersey, followed by the monsignor of the local church and several priests and nuns. I immediately welcomed them and asked if they would lead the service as I couldn’t imagine doing it before such prestigious clergy. “No, my son, this is your service and we are your guests,” the bishop said. “Please do not let us interfere with your service.” I took a deep breath and started the service with the ringing of a bell signifying the last call from Our Lord for our captain to respond. I followed with a textbook service used for a fireman’s memorial, then offered my sermon to honor our deceased brother. I used passages from the Bible and memorable events in his life that we all shared. During this time the audience was crying and laughing. When I saw tears in the eyes of the bishop, I felt my words were serving the occasion. When the service was over, I was elated that all went well. I will always remember the hugs I received from the bishop and from my fellow firemen. Words cannot describe the respect I have for these very brave men and women of the fire service. The volunteer firemen are in a unique position to serve their community, and their sacrifices are legend. It was a privilege to have served with them. Eric E. Moberg is a 23-year Redondo Beach resident and a retired chemist. Do you have a story to tell? Submit your column to Lisa Martini, My Turn, Daily Breeze, 5215 Torrance Blvd., Torrance, CA 90503-4077, or e-mail us at lisa.martini@dailybreeze.com. Please limit to 800 words and include your telephone number. We’ll pay $25 for each column we publish.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It was 1949, and my wife and I were moving into our first home. It was an older, five-room house with full basement in the small community of North Arlington in northern New Jersey, about an hour drive to New York City. It cost $7,000, and my GI mortgage was $40 a month. At the time I was earning $40 per week as a color matcher in a paint factory, and at night I went to college to get a degree in chemistry. Across the street from our house was a single garage with a sign saying, “Hose Company No. 1.” We weren’t sure if this belonged to a fire department, and we hadn’t yet met any of our neighbors to ask. After a very long day moving into our new home, we went to sleep. About 1 a.m. we were shaken out of our bed with a blasting sound of “Blah, blah, blah, blah.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.It went on for about three minutes. We ran to our front window and across the street we could see men in raincoats and boots jumping on a firetruck that roared down the street. This was our introduction to a volunteer fire department. The following day, I went over to the firehouse and met several of the men. I learned that the air horn on top of their building was how the department notified its members to report to the station. The number of blasts per minute told members where the fire was in town, and a Teletype in the building gave the address. I also learned they had 20 men in the company plus seven civil defense reserves – required by the federal government, as this was the beginning of the Cold War. last_img read more


No Image

Talk is cheap

first_img Unique talent Now Mayor Pothole wants to become head schoolmaster. He also wants to stick it to us on sanitation fees. So it appears that he is an academician, economist, budget expert and political scientist. Wow, what a talented guy. – Bill Rice Winnetka Quelling tensions Re “Mayor tries to quell tensions on neighborhood councils” (Tipoff column, April 10): All 15 council members must change the charter defining stakeholders. Greg Nelson’s reasoning allowing employees to be stakeholders is flawed. Union members join, pay dues and expect their officers to speak for them. Business employees are told by their employers who to vote for. There is no reason for employees to be stakeholders. The internal disputes keeping residents from getting involved reared their ugly heads during our recent elections. Business interests hijacked the election by giving employees time off, a list of preferred candidates and rides to the polls. Residents must get involved or face the consequences. – Marilyn White-Sedel Studio City Built-in tax growth Re “Mayor backs trash fee” (April 13): The city and county leaders seem to forget that not only does the tax revenue increase with the sale from real estate sales in the form of property tax but they also have built-in increases in form of sales tax on gasoline. The county collects 8.25 percent sales tax on each gallon of gas sold. There are million of gallons sold daily in L.A. County. As the price of gas goes up, so does the tax income. Why is there a need for additional trash fees? What is happening to this huge daily increase in sales tax revenue? – W. Fred Beck West Hills You don’t get it It’s very refreshing to see that about 99 percent of the letters being written are denouncing the mayor’s proposed trash fee increase. Hey, mayor, can you tell that the homeowners are sick and tired of getting screwed with rate increases? It doesn’t make any difference who is the mayor, or the makeup of the clowns on the City Council, it’s always stick it to homeowners to pay for what we should be getting already if we had competent people running this city. Keep this up and I would bet my last dollar you will follow the bungler you replaced as a one-term wonder. Of course, that’s assuming you or Roy Romer or Ron Deaton don’t get it first. – George Timko West Hills Negative integrity It appears that our mayor suffers from a paucity of integrity. I was there when he promised, if elected, that he would make sure that Gita, Ruby and Billy – the elephants at the L.A. Zoo – would be sent to a sanctuary and that the exhibit would be closed. He made that promise predicated on all the professional research presented to him by the humane community, which clearly made the case that elephants particularly suffer badly in any zoo atmosphere. I cannot imagine a council agreeing to spend so many millions to erect a monument to inhumanity for the momentary whim of a child, rather then spend that money on a comprehensive disaster program, which the city is still bereft of. – Michael Bell Encino Iraq deaths Re “April’s U.S. death count at 47 in Iraq” (April 17): Every year, more than 42,000 people die in traffic accidents in the U.S. Instead, the Daily News prints big headlines for 47 deaths in Iraq. In the three years we’ve been in Iraq, we have lost about 2,500 military personnel, many of these to illnesses, drownings, and, yes, traffic accidents. During the same three years, more than 12,000 people have died in traffic accidents in California alone. The Daily News should report the high number of deaths due to traffic accidents and guns in the U.S. every year. Maybe someone will get off their butt to try to stop the carnage right here in the U.S. – Earl J. Kangas Santa Clarita Outrageous prices With oil prices going through the roof, you would think our government would have a plan for alternative energy. But they don’t and we know why. The energy companies do not want an alternative source; those sources that would provide the people clean, efficient energy does not lead to profits. So we will still see the need for outrageous prices at the pump and in our homes. – Paul Straughn North Hollywood Defending Defense From all that I hear about Donald Rumsfeld from his supporters – and there are many – he is doing a fine job as secretary of defense. The complaining retired generals could have had their say when they were on active duty. The consensus is that Rumsfeld goes to great lengths to listen to diverse opinions before he makes a decision. My opinion is that the complaining retired generals had their “ox gored” when Rumsfeld reorganized the Army to be a lean and fast-moving fighting machine and now that they are retired, they are complaining. There are many more generals, and admirals as well, who support Rumsfeld as he accomplishes his duties as secretary of defense. I think that history will show that Rumsfeld has been one of the best secretaries ever. – Richard Kinsman Chatsworth Tax cartoon Re “View from the Valley” (April 18): Not quite. Taxes paid to the state of California are addressed to the Franchise Tax Board. Perhaps the caption should have read “We may as well be sending this to Mexico.” – Mary L. Harrington Granada Hills160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event State of the City? A fabulous speech by Mayor Antonio Villaraigosa, but he failed to tell Angelenos the state of the city. Frankly, he should have told us that he is not going to spend the $39 million for zoo elephants, but instead hire 2,000 policemen by summer and provide accommodations for the homeless, gangs and criminals with that money. It wouldn’t be fabulous, but it would be incredible. – Ray Holm Woodland Hills Our mayor’s first State of the City address regarding education reform was logical and much needed. However, his plans for the city, which promise a lot, may be very hard to accomplish unless he actually takes action. His statement that he planned to be “fiscally conservative with future spending” is a textbook example of political-speak. I would like to see him make one very strong move right now, that would put some substance behind his statement – stop the idiotic idea of spending $39 million on a new enclosure for the city’s three elephants. If our mayor cannot stop this wasteful spending, how will he ever be able to eliminate the city’s $295 million budget deficit? – Bob Bergstrom Woodland Hills last_img read more


No Image

COUNCILLOR DEMANDS PROPER SAFETY MEASURES FOR ALL DONEGAL SCHOOLS

first_imgCllr Patrick McGowanCllr Patrick McGowan has called for school and parents associations all over Donegal to write to the Dept of of transport, the Dept of Education and the Road Safety Authority to demand proper safety measures at all schools.He said all the safety measures implemented over recent years have been inconsistent and differ from one school to the next .“Schools on local roads and national primary roads are all treated differently with NP schools attracting large NRA funding in some cases while schools on local roads are left to local fund raising or local authorities to scrape up funding for sigage . “The types of signage and advance warning lights just add to confusion and are treated with complacency by most drivers wither parents dropping off or passing traffic .“The only safe consistent and affordable plan would be to have one national law governing outside all schools which can easily be monitored and enforced quite easily by the relavant authorities and will be common to everyone everywhere.”Cllr McGowan said he has received support in the past from senior engineers in Donegal County Council and national road safety officers but the transport depth and NRA have not agreed to give this plan serious consideration, instead chosen to continue to administrate over an inconsistent safety poliy which at best makes a lottery out of which parent and child has a safe environment in and around their school.“Taking this campaign onto the national stage will I believe put on the necessary pressure to have acceptial plan in place,” said Cllr McGowan. COUNCILLOR DEMANDS PROPER SAFETY MEASURES FOR ALL DONEGAL SCHOOLS was last modified: February 6th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:cllr patrick McGowandonegalschoolslast_img read more


No Image

Arsenal preparing £34m offer for Juventus star

first_img Alex Sandro in action for Juventus Arsenal are preparing a £34m offer for Juventus full-back Alex Sandro.The Gunners are expected to be busy in the summer transfer market and a new left-back is one of their main priorities.It has been reported that Arsenal have identified Juve talent Sandro as the man that they want, although reports today claim a deal has been agreed with Schalke’s Sead Kolasinac.According to Italian newspaper Tuttosport, Arsenal are willing to stump up an offer of £34m to get Sandro.Juve paid Porto £22m to land him in 2015 and he has gone on to make 48 Serie A appearances, scoring four goals, and has drawn comparisons to legendary compatriot Roberto Carlos.They are currently working on a bumper new deal in a bid to ward off interest from the likes of Arsenal but they may be tempted by the offer from north London. 1last_img read more


No Image

Stunning bid! ‘If he’s as good as everyone says, this is good business’

first_imgIt looks like Jordan Pickford is on his way to Everton, who will reportedly pay Sunderland £30m.The highly-rated 23-year-old was never likely to remain at Sunderland following the club’s relegation to the Championship, but some fans (Man United) think the fee is a little high.That’s because in 2011 United shelled out around £17m for David De Gea, while Bayern Munich paid Schalke £19m for Manuel Neuer.Here, talkSPORT.com looks at some tweets following news of the possible transfer. Everton have reportedly had a £30m offer for Jordan Pickford (above, centre) accepted 1last_img


No Image

Amazing 1966 and 2018 comparisons prove football is coming home

first_img 3 Did you know England have not won the World Cup since 1966? No, really, it’s been that long.Well, with the Three Lions into the last 16 of the 2018 tournament and the draw opening up nicely, we’re now absolutely convinced that this is our time again. 6. Star strikers Part IGeoff Hurst was 25 when he hit his World Cup-winning hat-trick in 1966. Harry Kane is almost 25.7. Star strikers Part IIGeoff Hurst had a brief cricket career for Essex. Here’s Harry Kane playing cricket…8. StadiumsThe 2018 World Cup final will be held in Moscow. If you turn the M in Moscow upside down, what does it make? W. Where did England win the 1966 World Cup final? Wembley. What letter does Wembley begin with? You get the gist.9. CaptainsBoth the 1966 and 2018 England captains were born in places that have London Underground stations (Bobby Moore – Barking, Harry Kane – Walthamstow).10. SongI’m A Believer was the top song of 1966. I BELIEVE.There you have it. Football is coming home. Is there any doubt?*And here’s a bonus one from someone on Twitter… Andy Murray didn’t play at Wimbledon in 1966Andy Murray isn’t playing at Wimbledon 2018It’s coming home lads 🏴󠁧󠁢󠁥󠁮󠁧󠁿— Tom Meredith (@meredithlcfc) July 2, 2018talkSPORT are with listeners all day and all night at this year’s 2018 FIFA World Cup™ with over 800 hours of World Cup content and all 64 games live across the talkSPORT network. Tune in on Tuesday night for live commentary of the last 16 clash between Colombia and England. 4. ManagersThe 1966 World Cup-winning manager Alf Ramsey (Sir, to you) played 32 times for England. Gareth Southgate, the current England manager, also played 32 times for the Three Lions (and another 15 times, but who’s counting?)5. MascotsWillie the lion, the 1966 World Cup mascot, wore the colours blue, white and red. Have you seen the 2018 mascot? It’s practically the same. Apart from the fact it’s a wolf. If you drive at a reasonable speed, you should be able to get from Sheffield to Leicester in 1 hour 37 minutes 3 3 One of these mascots is called Willie You may not share our confidence right now but just wait until you read this, for we have unearthed some amazing comparisons between 1966 and 2018.Football is definitely coming home. Here’s ten reasons why…1. The letter ‘a’The 1966 World Cup was held in England. England contains one ‘a’. The 2018 World Cup is held in Russia. Russia contains one ‘a’.2. PicklesThe Jules Rimet trophy was famously stolen in 1966 before being rescued by a dog named ‘Pickles’. Jordan Pickford’s mum calls him ‘Pickles’. Apparently.3. TownsGordon Banks, the 1966 England goalkeeper, was born in Sheffield and played for Leicester. Harry Maguire, the 2018 England defender, was born in Sheffield and plays for Leicester. Incredible. Hands off Pele, it’s ours last_img read more


No Image

GARDAI INVESTIGATE ARMED ROBBERY AT PETROL STATION

first_imgTHUGS have robbed a petrol station armed with a knife – just hours after two pensioners were attacked in their home.The gang burst into Daly’s petrol station in Lifford at 7.30pm on Tuesday.The Arthur sisters were attacked and robbed at their home 8kms away on Monday evening. A masked man threatened staff at Daly’s with the knife before escaping in a UK-registered car driven by a second man.Gardai have appealed for information on the incident.It’s understood there is CCTV footage of robbery and the gang escaped across Lifford bridge into Strabane.Gardai have already liaised with the PSNI on the incident. Meanwhile Susanne Arthur, the 89-year-old woman thrown to the ground by robbers on Monday, is facing surgery for a badly broken hip she suffered during that incident.Her 91-year-old sister Isabelle is still badly shaken.It’s understood Gardai have stepped up patrols in the Border area in a bid to thwart the thieves. GARDAI INVESTIGATE ARMED ROBBERY AT PETROL STATION was last modified: July 3rd, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GARDAI INVESTIGATE ARMED ROBBERY AT PETROL STATIONlast_img read more


No Image

Keeping graves in good condition

first_imgBUSINESS NAME: Tombstone Tender BUSINESS ADDRESS: 1330 Clybourn Ave., Burbank PHONE: (818) 567-2926 E-MAIL: evanljohnson2004@yahoo.com WHY DID YOU START THIS BUSINESS? I saw the need for better care of our loved ones’ final resting spots. While attending a funeral, I saw an elderly woman fall as she was trying to clean her son’s marker. WHERE DID YOU GET THE IDEA? I noticed the lack of care the cemeteries provide. The grass and weeds were overgrown on some of the sites I saw while attending a friend’s funeral. HOW LONG WAS IT FROM CONCEPT TO OPENING? approximately two months WHAT DID YOU DO DURING THAT TIME? I stayed employed and started speaking to friends that have lost loved ones, offering my services. Most were happy to hear the idea. WHAT WERE YOUR STARTUP COSTS AND HOW DID YOU FINANCE THE BUSINESS? Very little. Cleaning supplies, towels, clippers, permits and local licenses and advertising cost about $3,000 from personal savings. WHO DID YOU RELY ON FOR ADVICE? Since there’s nobody else that provides this service, I couldn’t ask for advice, but friends helped steering me in the right direction. WHAT HADN’T YOU CONSIDERED BEFORE OPENING? Dealing with the grief of others. Sometimes it’s very hard. WHAT IS YOUR EXPECTED REVENUE THIS YEAR? $25,000 WHAT GOALS DO YOU HAVE FOR THE COMPANY? Right now, Tombstone Tender is only licensed for the San Fernando and Santa Clarita valleys. I would like to expand throughout Southern California. To be considered for a small business profile, you should have fewer than 10 employees and be locally based. For a free profile questionnaire, call (818) 713-3699.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 OWNER: Evan Johnson ESTABLISHED: 2000 NUMBER OF EMPLOYEES: two DESCRIBE YOUR BUSINESS: I care for and clean grave sites, markers and tombstones as a bimonthly service. IS THIS YOUR FIRST BUSINESS? yes last_img read more