Category: agcxx


NIS begins process to recoup funds


first_imgThe National Insurance Scheme (NIS) has begun what it said is a “restructuring” process that could see it being able to recover the funds it invested in the Berbice River Bridge Company.The Berbice River Bridge tool boothNIS Chairman, Dr Surrendra Persaud, who is also the new Chairman of the Berbice Bridge Company Inc (BBCI), said the insurance scheme is the largest investor in the Bridge project, and has taken up the responsibility of “leading the bridge management through a restructuring process,” to enable it to hopefully get back its monies.He said as it is now, the money received from NIS and other investors cannot service the Bridge since it also started functioning a few years later.“So right now the Bridge is in a position where it is unable to satisfy itself. So the NIS is leading the Bridge management through a restructuring process and while it is somewhat challenging, it is hoped that it is done and within the first quarter of next year…. NIS is able to receive its funds from its investments,” Persaud said on Thursday at the celebration to mark NIS’ 47th anniversary.Reports from a forensic audit conducted into the operations of the NIS earlier this year, showed there were two particular “major high risk investments” that were said to be potential losses to the scheme; the $5.1 billion investment into CLICO and the $2.5 billion investment in BBCI.The ownership structure of BBCI is made up of ordinary share capital of $400 million owned by private investors and preference shares of $950 million owned by NIS.last_img read more


Elections count for nothing if not “free & fair”– GECOM Chair


first_img-as staff warned to ensure smooth running of polling stations Training of Guyana Elections Commission (GECOM) instructors got underway on Saturday with Chairman James Patterson stressing the importance of instructors maintaining their professionalism and ensuring that their wards understand the importance of “free and fair” elections.GECOM has been entwined in Elections Day controversies before, and on Saturday, at the Cyril Potter College of Education (CPCE), Patterson was firm in his instructions to the instructors. He made it clear that the elections would count for nought if they are not declared free and fair.“I have discovered, since they declared me to be chairman of the outfit, what an important part GECOM plays in the public forum of this country,” Patterson informed the gathering. “I think the Commission anywhere takes the part even of the politicians, because we endure not only to see elections go smoothly, but we are here all the time. Politicians go and come at the beck and call of the electorate. One of the qualities that should permeate GECOM and those who function in it is that you have to see that elections are run free and fair. My template for that is India. Don’t have time to go through all of it, but they have thousands of polling places. They have gone through metamorphosis of change, and India has been declared to be the largest democracy in the world. I hope GECOM will put an end to that (being seen as crooked), in terms of position.”Chairman Patterson reminded the gathered staff that they are essentially running the elections. He urged the workers to put all their effort into learning the election procedures being taught.“Do you realise that elections are of no avail if they are not declared to be free and fair?” Patterson questioned. “Although we are in our infancy as an independent country, we aren’t doing too (badly). I mean to say that democracy and free and fair elections are like conjoined twins; you cannot have one without the other.”The training is expected to last for two days, during which trainers will endeavour to cover polling day protocol, among other things. GECOM has been allocated over $2 billion in order to hold Local Government Elections (LGE), which are due in a matter of months.GECOM’s handling of previous elections has been criticised by the now Opposition People’s Progressive Party (PPP). In fact, because of concerns over electoral irregularities, that party filed an elections petition in June of 2015, little over a month after General and Regional Elections had been held.The petition challenges the validity of the outcome of the 2015 General and Regional Elections. Following the outcome of the May 2015 elections, the PPP underscored that the elections were not held in conformity with the Constitution of Guyana.The matter, filed in the name of PPP/C Parliamentarian Ganga Persaud, essentially requests a recount of all ballots cast for the last elections, and calls for fresh elections to be held. Persaud has claimed that the elections were “unlawfully conducted”, and that the results of the elections were affected.Persaud has cited procedural errors and instances of fraudulent and/or suspicious actions during the elections. Unrest, fake statements of poll (SOPs) and multiple voting were among the reasons behind the petition. Further, the presence of “huge mobs” at several polling stations and other strategic places, particularly in Region Four (Demerara-Mahaica), were also cited by Persaud as other causes for intimidation and fear.The PPP had exceptionally good results from the last LGE in 2016, winning the popular vote and dominating the vote count in rural areas. But this time around, the party has been crying foul over the one-sided manner in which appointments within GECOM are being made in the run up to the elections.While Patterson and the Government commissioners have denied contentions that they skewed hiring practices in favour of one ethnic group, concerns over the ethnic balance within GECOM headquarters have seen the party make complaints to the Ethnic Relations Commission (ERC).last_img read more


B.C. Hydro disclosing cash, land offers to First Nations affected by Site C


first_imgThe offers go to the West Moberly First Nations, the Prophet River First Nations, and the McLeod Lake Indian Band – all of which B.C. Hydro claims will “directly accommodate the residual impacts” of the project.The West Moberly offer is $3.5 million in lump-sum payments, $350,000 per year for 70 years – adjusted annually, and the potential transfer of 2,500 to 3,000 acres of Crown Land.The offer to Prophet River includes a $1 million lump-sum payment and the potential establishment of land protection measures for certain parcels of Crown land.- Advertisement -Finally, McLeod Lake is being offered the potential transfer of 2,500 acres of provincial land, $2 million in lump-sum payments, and $250,000 per year for 70 years – adjusted annually.The combined total of these three offers include $6.5 million upfront and an additional $42 million over 70 years.Each offer also comes with “other measures.” These “other measures” includes access to a further compensation fund totalling $10 million, as well as the designation of other tracts of land to be used as “winter range” for deer, moose and other ungulates, according to Palmer.Advertisement Click here to read the entire Vancouver Sun column. All of the offers, according to Palmer, are to compensate the findings of the joint review panel on impact to First Nations’ traditional activities – like hunting and trapping.It’s being reported that B.C. Hydro has already provided nearly $6 million to Aboriginal groups in the north to fund research and participation in the environmental review of the project, as well as other consultations – dating more than seven years.Funding for the three First Nations, according to the Sun report, is weighed against the economics of Site C – which is an estimated $400 million worth of electricity as year.This land and cash is being regarded as an open offer in the event that there are no settlements reached with the three First Nations.Advertisementlast_img read more


LETTERKENNY’S PINEHILL BUSINESS PARK STILL ‘BOAL-ING’ THEM OVER AFTER 50 YEARS!


first_imgADVERTISING FEATUREThe story behind Letterkenny’s Pinehill Business Park is as heartwarming as it is inspiring. On the surface it may appear to be merely a collection of businesses on the edge of Donegal’s biggest town.But scratch the surface and what emerges is a family’s struggle against all the odds.The origins of Pinehill Business Park at Mountain Top, which houses some of Donegal’s most recognised businesses, began almost 50 years ago.That’s when founder George Boal set about taking a gamble that would prove to be a decision on which the rest of his life would revolve. Boal, who had returned to Letterkenny with his wife Betty (nee Spratt) after working for a time in Scotland, set about beginning a new life.The couple bought a ten acre site for the princely sum of £45 and moved into a caravan on the site before building a house close by.George soon set up a business making pre-cast concrete sills and kerbing and business began to flourish.At the same time George also noticed large delivery trucks having trouble parking on the town’s Main Street and saw storage space could be a profitable business.Today that storage space is home to no less than 44 units of some of Donegal’s most recognised and respected businesses including Letterkenny Tool Hire, Restex Bed and Bedroom Furniture and Carpet Interiors.Situated just a mile from the heart of Letterkenny’s town centre, the business park has proven to be the perfect location for many businesses to follow their dreams and flourish. And businesses which have found a working unit at Pinehill have also found a home – just like George and Betty Boal did 50 years ago.© 2011 donegaldaily.com, all Rights ReservedThe copying, republication or redistribution of donegaldaily.com Content, including by framing or similar means, is expressly prohibited by law.Follow us on www.twitter.com/donegaldaily Follow us on www.facebook.com/donegaldailyLETTERKENNY’S PINEHILL BUSINESS PARK STILL ‘BOAL-ING’ THEM OVER AFTER 50 YEARS! was last modified: January 6th, 2012 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:Pinehill Business Parklast_img read more


Liverpool eye return to Premier League summit


first_imgLiverpool are only a point behind leaders Man City. (Agency Photos)Southampton vs Liverpool St. Marys Stadium, HampshireFriday, 05-04-2019 @10pmReferee: Paul TierneyLiverpool and Man City are currently entangled in a cat and mouse game. Whoever plays first on a particular week, goes temporarily top of the standings before the other displaces them.On game week 32 and with City playing in the FA Cup semi final, Liverpool have a chance to retain leadership when they travel away to Southampton. A win for the Red would see them move onto 82 points, two ahead of City.Currently unbeaten in their last 13, the Reds are still on course to a Champions League and Premier League double as they are already into the quarter finals of the later.However, the game on Friday will not be any easy as they come up against a Southampton side that have gone under a revolution of sorts under manager Ralph Hasenhuttl.The Saints have won three of their last four games and in the process moved five points clear of the drop.The Saints have won three of their last four games.Relegation concerns are now less at the St. Mary’s but they know the job is still not yet done and need more points as soon as possible.What the coaches are saying before the game:Southampton manager Ralph Hasenhuttl.“We know how tough it is and there are still a lot of points to get, so we have to stay focused.“There is still a long way to go and the sooner we get to 40 points the better.”Liverpool manager Jurgen Klopp on the impact of Hasenhuttl.“I have to say, the job he is doing since he’s there is incredible. He’s brought the young players in, academy players.“It’s good, of course, but in the situation when he came in, it’s pretty brave as well. It’s a good side, it’s a really good side. We know about that.”Team News:Shane Long and Jannik Vestergaard could return to the Southampton side to face Liverpool after recovering from groin problems. Danny Ings cannot feature against his parent club, while Mario Lemina and Michael Obafemi are still injured.Liverpool have no fresh injury concerns, with Virgil van Dijk expected to be fit to face his former club. The Reds defender injured his ankle against Tottenham last weekend but has trained as normal this week. Joe Gomez and Alex Oxlade-Chamberlain are back in full training but are unlikely to be included yet.Match Facts:Southampton have lost the last three Premier League meetings by an 8-0 aggregate scoreline. They have failed to score against the Reds in five league encounters.Southampton have won three of their past four matches, having won none of their previous four (D2, L2). A third consecutive victory for Saints would ensure they equal last season’s tally of 36 points. Saints have accumulated a league-high 65 yellow cards, 30 more than opponents Liverpool – who have the fewest. James Ward-Prowse has scored in four of Southampton’s five Premier League home matches in 2019. Nathan Redmond could make his 100th Premier League appearance for the club.Liverpool are unbeaten in their last 13 matches in all competitions, winning eight and drawing five. Their total of 79 points is a club record after 32 matches of a top-flight season (adjusting to three points for a win). They have kept a Premier League-high 17 clean sheets this season. The Reds have the division’s best away record, with 10 wins, five draws and one defeat. Mohamed Salah is without a goal in his last eight games in all competitions. Both Salah (49) and Roberto Firmino (48) are in sight of a half century of Premier League goals for Liverpool.Comments Tags: Jurgen KloppliverpoolMan Citypremier leagueRalph HasenhuttleSouthamptontoplast_img read more


Kevin Durant to sit in Game 3, but how’s he looking for Game 4?


first_imgOAKLAND — Just like it has been for almost the past month, the Warriors enter a pivotal playoff game needing to answer this question.Can they win without Kevin Durant? Warriors coach Steve Kerr said Durant will not play against the Toronto Raptors in Game 3 of the NBA Finals on Wednesday at Oracle arena, marking the eighth consecutive game he will miss because of a strained right calf. Durant also did not practice on Tuesday, which Kerr considers a requirement before playing in a game.“He’s …last_img


Fitch upgrades SA’s credit ratings


first_img26 July 2007Fitch Ratings has revised the outlook on South Africa’s sovereign ratings from stable to positive, attributing the change to improved growth performance, increased investments and sound public finances.South Africa’s ratings for long- and short-term foreign currency issuer default (IDR) were affirmed at “BBB+” and “F3” respectively. The country’s long-term local currency IDR was affirmed at “A”, as was the country ceiling.“The change in outlook reflects South Africa’s improved growth performance and prospects as a result of rapidly rising public and private investment and ongoing micro-reforms in the economy,” Fitch sovereign team director Veronica Kalema said in a statement on Wednesday.“In addition, the country has seen a substantial improvement in its already sound public finances and strong external balance sheet.”Increased government savings and use of fiscal surpluses to increase reserves and cover the cost of sterilisation have also reduced South Africa’s external vulnerability, the agency said.Fitch said South Africa’s growth rate of 5% was sustained between 2004 and 2006 by strong consumer demand, while more recently acceleration of capital investment reflected a massive infrastructure investment by the country’s public corporations – both as part of the government’s general infrastructure programme and for infrastructure related to hosting the 2010 Fifa World Cup.The agency said it expected consumer demand to remain firm despite rising interest rates, thanks to structural changes in the economy and a rise in employment and real income.Fitch predicted that the country’s growth rate would to remain close to 5% in 2007 and potential growth would move still higher in the mediumterm. However, the agency also expects SA’s current account deficit to remain between 6% and 7% of gross domestic product.South Africa still needed to address issues such as income inequality, unemployment, HIV/Aids and crime, the agency noted, saying these could threaten future stability.“The positive outlook assumes a continuation of the current macro policy framework,” Fitch added.“It would revert to stable if there were signs of weakening in the policy framework in response to political developments, or if external shocks did not meet with an appropriate fiscal and monetary response.”SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more


Lower demand pushes prices lower


first_imgShare Facebook Twitter Google + LinkedIn Pinterest With corn overall demand estimates lowered by 24 million bushels and U.S. corn ending stocks raised by 25 million bushels, farmers can expect about slightly less per bushel according U.S. Department of Agriculture reports released today. While production estimates were unchanged from March and the report indicates increased demand for ethanol, those gains are more than offset by a major increase in feed and residual demand.“U.S. corn farmers have indicated their intention to grow another bountiful crop in 2016 and, if the weather proves favorable, we may see a large corn supply after harvest,” said National Corn Growers Association President Chip Bowling, a farmer from Maryland.  “At NCGA, we work to apply the same expertise and and dedication shown by our members to our efforts to create and grow demand for our crop. America’s farmers sustainably produce a corn crop that can feed and fuel the world. Working together, we can create the opportunities necessary to maximize the potential of this great resource and build a solid future for our farm families as well.”Ending stocks are now expected to reach 1.86 billion bushels, their highest level since 2005. The May report will include USDA’s first projection for the 2016-2017 corn crop.Feed and residual demand estimates were lowered by 50 million bushels reflecting indicated disappearance through the first half of the marketing year. An increase of 25 million bushels to projected demand for ethanol use, which was based upon information from the Energy Information Administration, slightly offset the impact on overall demand.With overall demand decreased, the 2015/16 season-average corn price received by farmers is projected ten cents lower at the top end, with a range of $3.40 to $3.70 per bushel.last_img read more


‘Will not let BJP bandh hit public life’


first_imgThe Trinamool Congress (TMC) government made it clear that it will ensure that daily life remains normal during the Bharatiya Janata Party’s (BJP) State-wide bandh on Wednesday. The State BJP leadership on Saturday gave a call for a 12-hour Bangla bandh to protest the death of two youths in Uttar Dinajpur district’s Islampur allegedly during police firing. The two youths died during an agitation over recruitment of teachers at the local Daribhit High School. “Like earlier strikes, the people of Bengal will also reject the Bangla bandh by the BJP. If the BJP and its associates such as the Rashtriya Swayamsevak Sangh (RSS) and the Bajrang Dal try to create trouble, then the administration will take strong action,” State Education Minister and TMC general secretary general Partha Chatterjee said. He was speaking to journalists at the State Secretariat after a meeting of the Group of Ministers.‘Political frustration’Describing the BJP’s call for bandh as an “instance of political frustration”, he accused the party of trying to stall development in Bengal. “Out of political frustration, the BJP and its associates are trying to stall development and disrupt peace in Bengal. We will not let that happen,” he said.The Minister also said that the State government will issue notification to its employees to report for duty on Wednesday and also urged the private transport operators to function normally.“Transport Minister Suvendu Adhikari has been asked to ensure that transport remains normal on Wednesday. If anyone tries to disrupt traffic, the police will take action as per law,” said Mr. Chatterjee.Earlier, Chief Minister Mamata Banerjee had said that there will be no bandh in Bengal. Accusing the BJP of trying to give a “communal angle” to the incident at Islampur, she urged the students “not to fall into their (BJP’s) trap.”BJP district president in Uttar Dinajpur Shankar Chakraborty, who was arrested on Sunday for threatening police, was produced before a district court and remanded in one day judicial custody.Mr. Chakraborty on Sunday afternoon had reportedly asked locals at Islampur to tie up the police personnel to trees and block their vehicles. He also said that if Superintendent of Police Sumit Kumar was unable to restore normalcy in Uttar Dinajpur, he will not be allowed to stay in the district for even 20 days.Meanwhile, Left leaning youth organisation Young Bengal demanded a judicial probe into the Islampur incident. “Only a judicial probe can bring out the facts as neither the State nor the Central agencies has any credibility,” Prasenjit Bose, secretary of Young Bengal said.last_img read more


Chemical weapons watchdog chief celebrates Syrian disarmament


first_imgCOPENHAGEN—Ten months after news of a horrific chemical attack in Ghouta, near Damascus, shocked the world, the last 8% of Syria’s known chemical arsenal left the country on Monday. The shipment was a high point in an international mission launched in October 2013 to destroy the country’s stockpile, and a victory for the Organisation for the Prohibition of Chemical Weapons (OPCW). But more needs to be done to make the world free of chemical weapons, OPCW Director-General Ahmet Üzümcü said at a meeting here on Wednesday—and he called on scientists to do their part in reaching that goal.Under huge international pressure, the Syrian government agreed to join the Chemical Weapons Convention (CWC), a 1997 international disarmament treaty, in October 2013. The deal helped stave off U.S. military action after the Ghouta attack, which killed an estimated 1400 men, women, and children.Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*)Syria’s toxic chemicals—used to make sulfur mustards or nerve agents like sarin—will be destroyed at sea through a hydrolysis process, using water, sodium hydroxide, sodium hypochlorite, and heat. The technology, used in the United States in the past decades, will be used on board the U.S. vessel Cape Ray, because no country volunteered to host the destruction. The waste, called reaction mass, will then be incinerated in commercial disposal facilities. The whole process will last several months, meaning that the destruction program will miss its 30 June target. Still, the operation is a success, Üzümcü says, and the first time an entire arsenal of weapons of mass destruction is removed from a country where a civil war is raging.Observers sounded a note of caution after the shipment was announced, saying there may be other, hidden weapons in Syria. For example, OPCW experts recently found that Syria has “most likely” used lung irritants such as chlorine, which is not classified as a chemical weapon in itself. But OPCW can’t tell if there are more weapons in the country beyond the 1300 tons that the government has declared. “We aren’t able to tell this for other countries, either,” Üzümcü told ScienceInsider at the EuroScience Open Forum, a biennial science meeting held here this week. “This is not our job, our job is to verify what is declared.”Syria is the 190th country to sign the CWC. Under the treaty, the OPCW has overseen the destruction of 83% of chemical weapons declared by eight member states. Üzümcü says it will take 4 to 5 years to destroy most of the remaining stockpiles; the United States has set a 2022 deadline for its remaining stocks.Only six countries have not signed or ratified the convention. Although Angola, Myanmar, and South Sudan may join soon, it will take longer for Egypt and Israel to do so, Üzümcü says. (The sixth nonmember country is North Korea.) “After Syria’s membership, I urged these two countries to reconsider their positions, and I’ll continue to do it,” he says.Even if and when the whole world is completely free of chemical weapons, prevention will remain a big task, Üzümcü told the meeting. “[F]or disarmament to be truly effective, it must do more than simply remove weapons. It must ensure that they are not reacquired.” Scientists have an important role to play in that process, he adds. OPCW and national governments already employ chemists, physicians, and other specialists, for example as inspectors or advisers. But OPCW wants to engage a wider group of scientists—in particular those working in developing countries and younger researchers.“We need to instill the highest ethical standards in our scientists at the very beginning of their careers, especially those with access to substances and facilities which could be misused,” Üzümcü told the meeting. He called on scientists in mentoring positions to help.Out of the organization’s annual €70 million budget, Üzümcü says about €6 million goes to promoting the peaceful use of chemistry, for example through scientific conferences, fellowship programs, or the provision of lab equipment—including in countries that have never declared chemical weapons. “In many countries the penal code includes references to our convention” and misguided scientists would have to be punished under national law, he tells ScienceInsider. “They have to be aware of their obligations.”last_img read more