Dear Editor,It is crucial to note that the six sisters (rice, sugar, bauxite, timber, gold, and diamond) as the Government terms them, are the cornerstones on which this nation was built. However, as of recent two of these fundamental pillars, rice, and sugar, were no longer considered important, hence, they were labelled by the Government as “none of our business” and “black hole”, respectively. The haemorrhaging of these two industries, will undoubtedly, force Guyana into a deeper recession.To highlight the detrimental economic effects, I would be concise as possible, yet retain the essence of the argument, without expounding on employment benefits and disposable income of our consumers. I would rather like to concentrate on our foreign exchange rate–Guyana Dollar for US Dollar. The rate of exchange, in a nutshell, is determine by demand and supply for our currency on the foreign exchange market.Now, to be as simple as possible, if our country is to cease the production of rice and sugar, the demand for our currency (G$) to purchase these goods will reduce, hence, our currency will depreciate with respect to the US$.On the other hand, goods and services demanded from abroad (imports), will further exacerbate the feeble exchange rate of our currency in relation to the US$.Now, what’s the consequence of this and would it not affect every single Guyanese? Of course, all imported goods and services will become relatively expensive which will surge inflation while crimping real incomes in our local economy.Well, one might argue that it’s not feasible to support ailing industries, which, through the lens of a businessman, is correct. But in economics, the other side of the coin does get examine. Subsidising these industries to help retain jobs and stabilise currency exchange is paramount for the livelihood of our economy.So what is the government doing to stabilise the economy? They are promoting MSMEs through ease of doing business. This of course is an audacious plan that is meticulously crafted to increase tax revenue.The other vehicle of economic growth is the “green” economy concept that promotes the creation of recreational parks, cleaning of the city, planting trees, etc. The only logic I found about this concept is the painting of buildings, bridges, recreational parks etc in green, is a propaganda cleverly disguised to firmly entrenched into the minds of the people the symbol of the APNU/AFC Government.So are we actually approaching destitute? If one is to look at the Quarterly Report & Statistical Bulletin for March 2016, published by the Bank of Guyana, they will observe that the mining and quarry sector, the production of gold, diamond and bauxite increased by 124.8 %, 37.5% and 13.9% respectively while output in the agriculture, manufacturing and services sector decreased.According to the report, the performance of the service sector was relatively “flat” due to the sluggish activities in wholesale & retail trade, financial & insurance and other service industries.Private sector credit weakened by 1.3% with loans to distribution, other services and personal sector fell by 7.8%, 2.4% and 1.5%, respectively. In addition, deposits by residents increase by 4% while non-performing loans increased by 25% to 10.2% of total loans compared to 8.5% for 2015.In the agriculture sector, rice, forestry, and sugar fell by 37.3%, 19.2% and 4.7%, respectively or at a combined value of US$18 million or G$3.7 billion.In the manufacturing sector, the production of alcohol beverages, stock-feed, flour and paint reduced by 15%, 14.9%, 5.9% and 5.3%, respectively. Merchandise imports declined by 16.6% due to a reduction in imports of capital goods by 25.7%, intermediate goods by 17.4% and consumption goods by 5.0%. Last but not least, inflation fell by 0.5%.So what does this tell us? It is conspicuous that even though the Government speaks of diversification, their centre of attention rests solely on the mining sector while they turn a blind eye to the agriculture, manufacturing and other services sector.Now, putting the pieces together, it is conspicuous that our economy is in freefall (sugar, rice and timber industry is on the decline). The hundreds of jobs lost and billions of dollars (G$3.7 billion) that could have benefitted the ordinary Guyanese through an increase in disposable income is now gone, hence the main reason for the decline in demand for goods and services (reduction in inflation, merchandise import and manufacturing sector).Coupled with this phenomenon is the shocking revelation of the high level of uncertainty that still exists.Investors are reluctant to invest and the dream of home ownership is now an elusive “dream” (reduction in private sector credit).With the reduction in sales due to the reduction in demand and increase in unemployment due to the ailing agriculture sector, serving of debts (loans) whether for the expansion of businesses or construction of homes are now increasingly difficult (increase in non-performing loans).The increase in crime rate is also taking a toll on the economy.People felt that it’s safer for them to keep their hard earned savings in the bank (increase in deposits). Yet, in the report it was outlined that Internal Revenue Department increased its revenue by G$945 million, which is a clear indication that the Government is “milking” the people.Yours sincerely,Chris William
EDMONTON, A.B. — A 22 year-old man from Dawson Creek considers himself lucky to be alive after he was among four people struck by a U-Haul truck in Edmonton on Saturday night.According to the CBC News, Paul Biegel had travelled to Edmonton from Dawson Creek to visit family. He also attended the Edmonton Eskimos game at Commonwealth Stadium, where 30 year-old Abdulahi Hasan Sharif allegedly ran over a police officer and stabbed him multiple times. Sharif was also allegedly behind the wheel of the U-Haul that swerved through downtown Edmonton later that evening, striking four pedestrians including Biegel.Biegel told the CBC that he doesn’t remember being hit by the cube van, which flung him over a barrier outside The Pint Public House on 109 St. “Out of nowhere, I woke up on the ground,” Biegel said. “I’m pretty lucky to be alive.”- Advertisement -Sharif faces five counts of attempted murder in connection with the stabbing of Edmonton Police Constable Mike Chernyk and the vehicle rampage through downtown Edmonton.Story courtesy CBC News: http://www.cbc.ca/news/canada/edmonton/edmonton-van-downtown-attack-paul-biegel-1.4319498.
Villarreal defender Gabriel Paulista has been linked with a move to Arsenal in the January transfer window.The Brazilian claims his agent is in talks with the north London club about a move to the Premier League this month.Let’s hope his representative didn’t show Arsene Wenger this though!The 24-year-old scored an own-goal during Barcelona’s 3-2 victory at the Estadio El Madrigal last season. Although, to be fair, the centre-back’s finish should be applauded!Check out the video above and leave your comments below…
West Brom boss Tony Pulis denied any rift with Saido Berahino but insisted the striker must improve his attitude.The striker was a substitute for the eighth straight game as Albion beat Newcastle 1-0 as Pulis said pre-game he had let himself down and was lucky to be on the bench.He also hinted at problems with Berahino behind the scenes although it is understood there has been no specific flashpoint with the 22-year-old.He threatened to strike after two deadline day bids from Tottenham were rejected and has scored just three goals since the summer transfer saga.And, after Darren Fletcher’s winning header, Pulis insisted while Berahino will not be fined his demeanour needs to get better.“Sometimes supporters don’t realise and understand exactly what goes on behind the scenes,” he said.“I always want the team to be a team, the supporters, the players, the management side, the directors, everyone together.“Sometimes Saido does things that break away from that. He’s been told, but he’s been fine as you’ve seen today his reaction coming on was absolutely fantastic.“He worked socks off and he’s fine – no problems. At times you have to make him understand it’s about the group and about the team.“It’s more a reminder it’s about the group. You’ve got to look and understand Saido’s had almost five months where he’s not prepared himself or got himself ready and prepared to play in the team.“He’s a terrific player and he’s got great ability and that great knack, even today coming on, of getting in great positions.”When asked further about a potential fallout, Pulis responded: “What happens is between me and Saido”. West Brom beat Newcastle at the Hawthorns and the Baggies boss said of the victory: “We played well today and it’s really pleasing we got the result, I don’t think anyone can argue that we were the team to win the game.”
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Donegal has launched a project it hopes will make life a little bit more comfortable for its older citizens.Mayor Ian McGarvey is himself a senior citizen.The first of a series of consultation meetings took place with the aim of listening to the voice of older people and hearing their thoughts on what it is like to be an older person living in County Donegal.On foot of this process a plan will be developed which will aim to make the County a more Age Friendly Place to live. Mayor Ian McGarvey was on hand to launch the consultation process.“It is wonderful to see the older people in County Donegal will have a say in how their County is planned for in the future. It is so important that we feel that we can continue to make a contribution to our community, no matter what age we are. The Donegal Age County Programme Alliance is empowering older people to continue to play an active role in their community.”The Chair of the Donegal Age Friendly Alliance, County Manager Seamus Neely said we in County Donegal are embarking on a journey to and we will spent the next number of months engaging with and listening to older people across the County.“We will then know what matters to the older members of our communities on issues such as public transport, access to quality healthcare, opportunities to socialise and stay connected, and public spaces where they can walk and talk and feel safe,” he said. Donegal is one of many counties in Ireland that are part of the Age Friendly Counties Programme.The Age Friendly County Programme is working to make Ireland one of the best places in the world in which to grow old.The Programme aims to see all older people living in Ireland enjoying a good quality of life and to participate fully in their communities. NEW PROJECT LAUNCHED TO MAKE DONEGAL A “GREAT PLACE TO GROW OLD IN” was last modified: May 14th, 2014 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:donegalMayor Ian McGarveyolder people
1 West Bromwich Albion snap up Chelsea centre-back Kyle Jameson Teenage central defender Kyle Jameson has joined West Brom from Chelsea.The 18-year-old has put pen to paper on a one-year contract, with a further one-year option, and he will form part of Albion’s development squad.Jameson has already featured twice for James Shan’s Under-23 group in games against Newcastle and Wolves.“I’m delighted. I did a bit of research and this is a wonderful club,” he told West Brom’s official website.“I’ve already played a couple of games and enjoyed it. Once we start working together as a team then we’ll start winning matches.”
Another day of the January transfer window has passed, and we have seen some huge deals go though.Alexis Sanchez and Henrikh Mkhitaryan have finally swapped clubs – signing for Manchester United and Arsenal respectively – following the early moves involving Virgil van Dijk and Philippe Coutinho.But the business is still not done!Chelsea are hoping to wrap up a double signing, while Arsenal and Liverpool still want further reinforcements before the end of the month.Follow talkSPORT.com’s live blog, below, to see all the latest transfer news on Wednesday, January 24 Follow talkSPORT.com’s transfer live blog 1
The best footballing brothers, let’s hope Yaya doesn’t expect a cake for the accolade 11 The average first-team salaries at every Premier League club in 2019 Getty – Contributor gameday cracker Getty – Contributor appointed Getty Images – Getty AFP – Getty Sky Sports presenter apologises for remarks made during Neville’s racism discussion Another set of twins, there have arguably never been a pair who impacted the game as much as the De Boers. Technically gifted, both began their careers at Ajax in 1988 and became key components of Louis van Gaal’s successful side.They then followed Van Gaal to Barcelona for £22million, but their successful first season was prove to be a one-off. Both brothers joined Dick Advocaat at Rangers, before seeing out their careers in Qatar.Frank was a ball-playing centre-back, while Ronald was a goal-scoring midfielder.7. Eden and Thorgan Hazard 11 11 The midfielders played for Bayer Leverkusen and Germany together Ian Holloway’s brilliant rant about politicsDespite the ongoing rifts between Boris and Jo, we thought it apt to celebrate the footballing siblings who went from teenage tykes to winning trophies.Check out the top ten below.10. Filippo and Simone Inzaghi Steve Round reveals how Mikel Arteta convinced him to join Arsenal staff Gerrard launches furious touchline outburst as horror tackle on Barisic sparks chaos 11 Michael won league titles with Juventus, Barcelona and Real Madrid as well as a European Cup,. but Brian won the 1992 European Championships with Denmark latest Arguably the best sibling duo still playing the beautiful game today 11 For fans of the Premier League, former Chelsea star Eden will need no introduction. But the stage may soon be set for Thorgan to usurp the Real Madrid winger.After lighting up the Bundesliga with Borussia Monchengladbach, the 26-year-old moved to Borussia Dortmund in the summer and is a regular with Belgium alongside his brother, the captain.Thorgan has started the season for Dortmund alongside the likes of Jadon Sancho, while Eden’s start at the Bernabeu has been far from plain sailing. Questions about his fitness and even his weight have plagued the 28-year-old since he arrived in Spain.6. Rio and Anton Ferdinand 11 Getty Images – Getty Both came through the fabled West Ham academy, but Anton never reached the same heights as Rio Although the two brothers are no longer particularly close, their journey from the small mining town of Ashington to World Cup glory in 1966 is truly remarkable.Bobby, the short and dynamic attacker, was a complete contract to Jack’s unerring centre-half. But the duo were brought up in an impoverished life where they only had one another at times.As the final whistle blew on that scorching afternoon at Wembley against West Germany, Bobby headed straight for his older brother.“Nobody can ever take this moment away from us,” he told Jack as they embraced, tears streaming down the younger sibling’s face.2. Phil and Gary Neville So iconic are the Toure brothers, the fan favourite song meant for them transcended football and was soon being performed on the strips of Magaluf and Malia.After older brother Kolo earned a move to Arsenal, it seemed natural Yaya would follow. But Arsene Wenger passed on the chance to sign the midfielder and he wound up at Barcelona.Meanwhile Kolo got a lucrative move to Manchester City and convinced Roberto Mancini his brother was the man City needed.While neither man will have wanted to leave the Etihad in the way they did, the impact the Toure brothers had on the Premier League was huge Kolo was a key part of the Gunners’ 2004 ‘Invincibles’ team while Yaya will be remembered as one of the greatest midfielders to ever grace these shores. Before Christian Eriksen became the darling of Denmark, the Laudrup brothers were the pride of Scandinavia, with their elegance and poise on the ball mesmerising.Michael was arguably the more successful of the two, league titles with Juventus, Barcelona and Real Madrid as well as a European Cup. In fact, he was named as the Best Danish Footballer ever in 2006.But younger brother Brian played a crucial role in Denmark’s 1992 European Championships win and became a cult hero at Chelsea and Rangers during the latter stages of his career.3. Sir Bobby and Jack Charlton Both men won the World Cup with England in 1966 but Bobby went on to become the nation’s all time top scorer PAYBACK 11 11 revealed Getty – Contributor Getty Images – Getty The duo began their footballing careers in Bury as two tykes who just wanted to kick lumps put of each, as brothers naturally do. Older brother Gary was the more physically advanced of the two and broke into the Manchester United team first.But it was Phil who took his brother’s right-back spot for the 1996 FA Cup Final, before being left out of England’s 1998 World Cup squad.Phil left for Everton and became club captain, before both ended up at Valencia during an ill-fated management spell. The younger Neville is now managing the England Women’s team, while Gary can be heard airing his views on football in his role as a pundit.1. Kolo and Yaya Toure Liverpool transfer news live: Star man wanted by Real Madrid, Mbappe latest and more scrap Boxing Day fixtures: All nine Premier League games live on talkSPORT 11 ‘I’ll get him’ – Robertson further endears himself to fans with revenge vow to Mane MOST READ IN FOOTBALL AFP – Getty The brothers literally followed one another around for their entire career, featuring for Ajax, Barcelona, Rangers, Al-Shamal and Al-Rayyan before retirement Boris Johnson will continue to campaign for an election he is yet to successfully call, after a torrid day where his brother RESIGNED from Government while describing being torn between family and ‘the national interest’.The Prime Minister visited Scotland on Friday, to drum up support among voters, as opposition leaders continue their talks over how to prevent a no-deal Brexit on October 31. 5. Rafinha and Thiago Alcantara Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:20Loaded: 12.30%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:20 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen SORRY While Eden is currently the more successful of the two, Thorgan is making a name for himself in Germany Getty – Contributor In terms of pure technical ability, these two may just be the best thanks to their World Cup-winning father Mazinho and their education at Barcelona’s famous La Masia academy.But although they are both gifted midfield players., that is where the similarities end. Thiago opted to play for Spain and is sponsored by Nike. Rafinha plays for Brazil and is sponsored by adidas.Mazinho’s career took him across the globe, resulting in his sons’ multicultural upbringing. Thiago was born in Italy and then he moved to Spain at the age of five.For Rafinha, he was born in Brazil and failed to quite hit the heights of his older brother, currently spending the season on loan at Celta Vigo from Barca while Thiago lights up the Bundesliga with Bayern Munich.4. Michael and Brian Laudrup 12 minutes is the only difference between the twins, with Sven slightly older. As youngsters, both trained at TSV Brannenburg before both moved to 1860 Munich in 2006.However, the older brother moved to Borussia Dortmund in 2009 and the siblings were separated as Lars moved to Bayer Leverkusen. The duo enjoyed mixed success at their respective clubs, with Lars earning the captaincy of Die Werkself, while Sven reached the Champions League final in 2013.Thankfully, Sven brought his eight-tenure with Dortmund to an end in 2017 and the pair form part of Leverkusen’s defence.8. Frank and Ronald de Boer The PM’s continued campaigning comes after a day of unwelcome events saw Jo Johnson quit as a senior minister attending meetings of his brother’s Cabinet.The pro-EU Johnson described facing ‘unresolvable tension’ and being ‘torn between family loyalty and the national interest’.But Boris Johnson maintained his uncompromising stance on Brexit, saying in a televised speech that he would rather be ‘dead in a ditch’ than go to Brussels to ask for a further delay.Although rare, sport often offers siblings the chance to bury any lingering issues from childhood and build successful bonds. After seeing Rio depart for Leeds United for a world-record £18million in 2000, West Ham fans were convinced they would have to wait years to see another centre-half come through the ‘Academy of Football’.However, just a few years later brother Anton came through and displayed the same composure on the ball as well as the outstanding physical attributes which his elder brother had become fabled for.But it was Rio who enjoyed the more glittering career, moving for another world record fee to Manchester United and winning six Premier League trophies and the Champions League, amassing 81 caps for England as well. AFP – Getty ‘Pippo’ made a name for himself as the archetypal poacher, a Fox in the Box whose six-yard strikes helped him win two Champions League titles, three Serie A titles and the World Cup in 2006.For brother Simone, his playing career was relatively modest and he remained firmly in his brother’s shadow.However, his move into management has seen the roles reversed, with Simone coming into a world of his own and he has been in charge of Lazio since 2016. Filippo was in charge of former side AC Milan, but has struggled and has just been appointed as manager of Benevento.9. Lars and Sven Bender Sister Tracey was head coach of England Netball and their dad is called Neville…seriously 11 11 Filippo enjoyed the more decorated playing career, but Simone is proving to be a better manager thus far Getty Images – Getty Boris and Jo Johnson have endured quite the falling out in Parliament
Sam Allardyce will be appointed England manager within the next 24 hours, according to reports from Press Association Sport.The Sunderland manager is understood to be among a “handful” of people to have interviewed for the job.Hull City manager Steve Bruce is also known to be on the shortlist.The former England manager Roy Hodgson resigned after England were knocked out of Euro 2016 by Iceland.