Pump priming

first_imgThe economic policy of increased taxation that, the A Partnership for National Unity/Alliance For Change (APNU/AFC) Government is engaging in, as a move to increase the revenue base of the country, would at this recessionary period of our economic growth, only lead to further stagnation and economic depression.Instead, the Government should take a page from the United States (US), among other countries, during its times of recession, and engage in ‘pump priming’ to stimulate economic growth.Not to be misconstrued, pump priming, as the name suggests is derived from the operation of older pumps whose valves had to be primed with liquid in order to function efficiently. However, the terminology was utilised by US Presidents Hoover and Roosevelt to describe the need for government polices geared towards lifting their economy from the Great Depression.It was also utilised in the financial crisis of 2007/2008 to reduce interest rates, increase government spending, particularly in the areas of infrastructure, in addition to dolling out tax rebates to the masses.Pump priming is grounded in the Keynesian economic theory, which states that “government intervention within the economy, aimed at increasing aggregate demand, can result in a positive shift within the economy. This is based on the cyclic nature of money within an economy, in which one person’s spending directly relates to another person’s earnings, and that increase in earnings leads to a subsequent increase in spending.”The subsequent increase in spending would then lead to increased profitability within the private sector – which is stagnant in Guyana at the moment – providing the necessary impetus for accelerated economic growth.With respect to Guyana’s current economic standing, the mid-year economic report from the Ministry of Finance highlighted that for the first half of 2016, Guyana registered an overall GDP growth of just two per cent. Prompting Finance Minister Winston Jordan to revise downward his projections for the country’s annual economic growth from five per cent to four per cent, respectively.The only industry that is responsible for this registered level of growth is mining which has, in the last couple of months, registered increased production within the area of gold. The other industries according to the report are in the negative as far as production and growth are concerned.The government has increased public taxes in the form of licence fees of which there are now 140 increased cases. There is also the removal of tax exemptions – traditionally used to attract Foreign Direct Investment (FDI) – for investors, as well as removing tax exemptions from all capital equipment in the major productive sectors such as agriculture, forestry and mining, even though most of these sectors, with the exception of mining, registered negative growth. A clear indication that they need to be helped, and not burdened.The spin-off effects of these implementations would invariably contribute to the already colossal unemployment rate of 25 per cent, reduction in the levels of production in the manufacturing sectors, in addition to further decelerating the growth of the economy because consumers would not have disposable income to spend.In cases like this, when the economy has slowed, the unemployment levels are up and consumer spending is down due to businesses not making substantial profits, the government from an economic perspective is supposed to ‘prime’ the economy by decreasing taxes across the field, and increasing government spending, particularly in infrastructure.This in turn would give consumers more disposable income, while government spending – on infrastructural projects such as the Amaila Falls Hydro project – would create jobs. In the case of the Hydro project, cheaper electricity would make foreign investment more attractive as rates become competitive comparative to other countries.This would invariably lead to a reduction in the unemployment levels on two fronts, the infrastructural aspect and with the setting up of manufacturing sectors via attracted FDI.Government’s policy of increased taxation is best used when inflation is too high, above six per cent, as a tool to maintain the purchasing power of the currency and generate a broader tax revenue base since a high period of inflation would suggest that there is more money within the system than there is commodities to purchase.Guyana’s inflation rate was recorded at 0.40 per cent in June of 2016. Essentially, a balance must be maintained between the increasing of taxes, to offset deficits, and the amount of money consumers have at their disposal.last_img read more

CoI urgently needed at M&CC

first_imgDear Editor,Well the litmus test has been done at the Georgetown Municipality. And by this I mean the very limited audit of the 0,000,000 that was given to City Hall by the Government was scrutinised to ascertain whether sound fiscal principles and methods were applied by the council in expending this sum.Of course coming as no surprise there was colossal mismanagement, deliberate violations of tender procedures, non-adherence to their own financial regulations, favouritism in the engagement of contractors, etc. This proves that there could be no greater need for a comprehensive, forensic audit to be done of the entire financial system for at least the last ten years, of the entire Mayor and Councillors of the City of Georgetown.The citizens of Georgetown need to be provided with access to the full report that was compiled by the Audit Office of Guyana. It must be part of public records, for which the citizens who are the stakeholders have an interest.But make no mistake, the Town Clerk and the Mayor would never ever voluntarily agree to a ten-year, far-reaching, deep and thorough forensic audit of the Council’s accounts, assets and human resources.One should not forget that perfunctory examinations done in the past have shown that loans and advances taken by some of these very senior administrators were found to have never been repaid. That one contractor, a well-known friend of a senior administrator, was awarded contracts to the tune of hundreds of millions of dollars, without any adherence to tender rules, for the weeding of parapets and clearing of drains; that scores of employees who are on the payroll are close relatives and family of the ‘Gang of Four’ and other senior officers; clear acts of nepotism and cronyism; that large sums are being doled out to facilitate unnecessary foreign travel; that large sums are being wasted on needless projects such as the ‘Presidential Park, the Green Conference, and Expo; and the maintenance of a large staff assigned to a former Mayor, including cooks, gardeners, chauffeurs, bodyguards, and clerical staff that operate out of another agency, but all of whom are paid for by the Council.There are many Commissions of Inquiries being carried out across Guyana, sometimes for things far less egregious than what is and has been going on at City Hall. Could we please have a Commission of Inquiry set up to examine the workings of City Hall?With thanks,Riley Matthewslast_img read more

Sky Sports pundits preview the Premier League season

first_imgFormer Premier League stars Thierry Henry and Jamie Redknapp joined a very special Drivetime show to preview the new top flight season.The Sky Sports pundits discuss the likely top-two battle between Chelsea and Manchester City, as well as why former Liverpool captain Redknapp believes Manchester United will struggle this season.The reasons for Angel Di Maria’s failure under Louis van Gaal are explored, while Henry talks about why former Barcelona team-mate Pedro is the perfect replacement.The pair also give their predictions for who will ultimately be crowned Premier League champions come May, with Redknapp tipping defending champions Chelsea for a second straight title.He said: “They’ve had a poor pre-season, and their early fixtures are not easy, but I think Chelsea will be the team to be again this season.”Listen back to Thierry Henry and Jamie Redknapp’s Premier League predictions IN FULL above!last_img read more

‘If he wants a move, Chelsea should sell him’ – Fans react to surprising comment

first_img Chelsea striker Diego Costa 1 Diego Costa isn’t great at keeping his cards close to his chest.His future is often the source of speculation and, in comments to SFR Sport, he’s voiced his content with life at Chelsea but his misery with life in London.And as the summer transfer window is approaching and his form has notably dipped this year, it’s only added to frustration over his commitment to the club. See how some have reacted to his latest quotes below…last_img

Slipping through the cracks

first_imgAn estimated 75 percent of applicants for immigrant benefits – green cards, work visas, and a host of other documents – at a major federal processing center were not screened through the U.S. terrorism watch list over the past four years, this newspaper has learned. The error – on nearly 3 million applications dating to 2002 – was confirmed by U.S. Citizenship and Immigration Services (USCIS) officers at the National Benefits Center in Lee’s Summit, Mo., near Kansas City. The center is one of several facilities across the country that process foreign applications for immigrant benefits. Numerous Department of Homeland Security e-mails – sent the day after British authorities uncovered a major terror plot – noted that supervisors and adjudicators at the Missouri center were not aware that a simple touch of a computer key would have allowed them to check the names of applicants against the highest-priority terrorist list. According to the e-mails and the adjudicators themselves, up to 2.8 million applications at the center dating to 2002 did not get such checks. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhy these photogenic dumplings are popping up in Los AngelesRobert Cowan, director of the National Benefits Center, denied that benefits were processed incorrectly and said any failed background checks were given to supervisors for final review. Cowan added that the 75 percent figure was attributable to employees not properly marking enforcement documents, misspelling names, or leaving out names altogether. “If a hit is uncovered, no benefit or service is granted until that hit is fully resolved,” Cowan said. Chris Bentley, a USCIS spokesman, said he “would be surprised if anyone could find documentation that USCIS has granted benefits to someone on the terrorist watch list.” But this newspaper obtained several documents showing non-supervisory adjudicators resolving national security background checks, which runs counter to Cowan’s assertion that only supervisors ran such checks. One document, dated July 27, recommends granting an immigration benefit even though the applicant, whose name was redacted for national security reasons, is acknowledged as being on the terrorist watch list. Other documents dating to 2003 show supervisors disregarding national security hits on applicants due to an inability to conduct thorough background investigations, then asking adjudicators to also disregard the hits and “proceed as required on their case.” Sultan Farakhan, an adjudicator at the National Benefits Center since 2002, said in an interview Friday that he, along with what he described as a “majority” of employees at the Missouri center – including supervisors – were made aware of the background check problems in an e-mail sent Aug. 11. The previous day, British authorities uncovered a terrorist plot that would have used liquid explosives to blow up airplanes flying from the United Kingdom to the U.S. Farakhan and three other center employees said they were unaware of the terrorism function computer keys, F14 and F15, which takes the person processing the application to a specific screen that accesses the terrorism watch list. “When I realized we were improperly trained and that we had not been checking the applicants against the appropriate terrorist watch list, I was terrified,” Farakhan said. Farakhan said he has filed internal complaints against the National Benefits Center in the past, and decided to go public with the watch list error after the British airplane attacks were thwarted. Cowan said supervisors misstated the background check errors to employees in the Aug. 11 e-mail. He also said immigration applications are checked through agencies other than the National Benefits Center, including the FBI. But Michael Maxwell, former director of internal affairs for USCIS, said not all immigrant applicants are required to have FBI fingerprint or name checks. Responding to Maxwell, Cowan said “it’s true” the FBI does not check all applications, but said other law enforcement agencies do. Pressed for details, Cowan said he could not reveal the process by which the applications are checked. Other law enforcement checks could resolve a negative hit on an applicant, said Bentley, the USCIS spokesman. “Regardless of how it’s resolved, or by whatever means it’s resolved, national security is never compromised. The hit is always underscored, or resolved, before a decision is made.” Maxwell, however, questioned Cowan’s and Bentley’s assertions. “There is only one U.S. Citizenship and Immigration Service,” he said. “There are no other law enforcement agencies tasked with conducting alien background checks and granting immigration status. That responsibility lies solely with USCIS.” Adjudicators use a database called the Interagency Border Inspection System, or IBIS, which combines the national security information of multiple government agencies. When used correctly, the system allows adjudicators to see if immigration benefit applicants trigger national security or criminal concerns. When a USCIS supervisor gets a Tier 1 IBIS hit – considered to be a major threat to public safety, or a terrorist match – the information is forwarded to the USCIS fraud unit for further investigation. But according to National Benefits Center employees, supervisors and others with final say on the documents never sent them on to headquarters. The Tier 1 check is mandatory under USCIS standard operating procedures. Some 35 million applications get background checks each year. Several employees confirmed they had not been properly screening what are known as “adjustment of status” applications, which include green cards and employment authorization documents. Inadequate training of employees, enormous backlogs of applications and lack of internal controls led to the oversight, employees said. In May, an e-mail from supervisors to employees noted that applications were not being checked accurately through IBIS. But the situation was never remedied, and adjudicators and supervisors continued to grant benefits until Aug. 11, when the second e-mail warning was sent. After the four-year oversight was identified in May, an additional 180,000 applications were still improperly screened. An official with the National Benefits Center, who spoke under condition of anonymity fearing reprisal, said that without employees stepping forward, the American public “would be none the wiser. “It was generic training,” the official said. “What happened was, customer service took first priority and national security was secondary. We’ve always been told there’s an acceptable risk. I’m willing to accept a 2 percent failure rate. But a 75 percent failure rate, I cannot accept that and the public cannot afford that.” In another e-mail sent to adjudicators at the National Benefits Center on Aug. 11, Norma A. Limon, supervisory adjudications officer for the Department of Homeland Security, warned employees that they were still failing to properly check applicants. “After yesterday’s British terrorist incident, we must ensure that every IBIS record and sub-records are accessed properly,” Limon said in her e-mail. “I am seeing a lot of IBIS hits where the F14/15 LINKLIST and/or F13 sub-record are not being accessed at all.” On certain applications, the security keys, F14 or F15, would automatically light up, notifying adjudicators to continue the check. What employees and supervisors did not know was that the keys had to be accessed any time they appeared on the screen, whether they were highlighted or not. “Any time you see available access to F14/15 LINKLIST at the bottom of the IBIS hit, even if it’s not highlighted, you must access it by clicking on the F14/15 key on the keyboard,” Limon warned employees in the e-mail. Maxwell said immigration officers should come forward to congressional leaders and the Office of the Inspector General and reveal the full scope of national security vulnerabilities associated with the background checks at USCIS. sara.carter@dailybulletin.com (909) 483-8552160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Local cooling stations

first_imgWest Covina Senior Center 2501 E. Cortez St., West Covina (626) 331-5366 M-Th, 9a.m. to 9 p.m.; F, Sat. 9 a.m. to 5 p.m. Any public library, mall or supermarket160Want 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 MOREPhotos: At LA County Jail, Archbishop José H. Gomez celebrates Christmas Mass with inmatesLa Mirada Activity Center 13810 La Mirada Blvd., La Mirada (562) 902-3160 M-F, 7:30 a.m. to 9 p.m.; Sat. 9 a.m. to 3 p.m. Norwalk Senior Center 14040 San Antonio Dr., Norwalk (562) 929-5580 M-F, 8 a.m. to 9 p.m.; Sat. 8 a.m. to 5 p.m. Pasadena Senior Center 85 E. Holly St., Pasadena (626) 795-4331 M-F, 8:30 a.m. to 4:30 p.m.; Sat. 8:30 a.m. to 3 p.m. Pico Rivera Senior Center 9200 Mines Ave., Pico Rivera (562) 948-4844 M-Th, 8 a.m. to 5 p.m.; F, 8 a.m. to 3 p.m. South El Monte Senior Center 1556 Central Ave., South El Monte (626) 448-0131 M-F, 7 a.m. to 5:30 p.m. Altadena Senior Center 560 E. Mairposa St., Altadena (626) 798-0505 M-F, 8 a.m. to 4:30 p.m. Azusa Senior Center 740 N. Dalton Ave., Azusa (626) 812-5204 M-Th, 8:30 a.m. to 4 p.m.; F, 8:30 a.m. to 1 p.m. Jack Crippen Senior Center 3120 N. Tyler Ave., El Monte (626) 580-2210 M-Th, 7 a.m.-5:30 p.m.; F, 8 a.m. to 3 p.m. City of Covina Joslyn Center 815 N. Barranca Ave. (626) 966-6378 M-F, 9 a.m. to 3 p.m. last_img read more

Pensioner denies assaulting boy and performing sex act with hoover

first_imgA man accused of sexually assaulting a young boy and also performing a sexual act with a hoover in front of the boy has denied the alleged victim was ever in his house.The alleged victim in the case has claimed that he was indecently assaulted on six occasions by the man in Co Donegal between 1989 and 1990. The man, who is now in his 40s, claimed the man, now a pensioner attacked him at his home.The alleged victim said both him and his attacker were interested in flying and how he ended up in the man’s house looking at flying magazines.However, he claimed the man then locked the door and indecently assaulted him.On the second day of the trial, Letterkenny Circuit Court heard the accused was interviewed under caution after presenting himself at a Donegal Garda Station in December 2014.After his arrest, he was interviewed twice and he denied the allegations made by the complainant.In the interview, the accused denied that the alleged victim had ever been in his house.He denied the allegation that made by the alleged victim on the first day of the trial that he had committed a sex act with a hoover in front of the boy.“That is totally untrue,” he said. “I would never do anything like that with a hoover,” he said.He also denied showing the boy pornographic magazines in his house.“It’s pure fabrication. I don’t remember him ever being in my house.”He said in the interview that he would have had “the odd porn magazine” in his house for his own reading.The accused said the only sexual encounters he had in the house were with a female and were consensual.In a second interview, he again denied taking ever taking the boy back to his house.He also denied committing a sexual assault on the teenager with a candle.“There is not one ounce of truth in that. He was not in my house.”The court heard that gardaí carried out a search of the accused’s house following the interview.The investigating garda, who is now retired, told the court the layout of the house was very similar to what the alleged victim had described.The case continues.Pensioner denies assaulting boy and performing sex act with hoover was last modified: March 2nd, 2017 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)last_img read more

Leveraging Keywords to Advance Your Career

first_imgAs an HR professional, you already know the importance of using the right keywords in a resume. Keywords can make or break job seekers’ attempts to gain an interview, as their resumes are fed into a company’s applicant tracking system or other resume scanning tools. The right keywords will get you noticed, while the absence of targeted keywords will often keep your resume from surfacing when you apply for a new job.However, keywords are a powerful tool beyond just resume writing. They are just as important when:Writing your LinkedIn profile, career bio, personal website and all other career communications.Interviewing (via phone, Skype or in-person) throughout your job search campaign.Writing interview thank-you notes, letters and e-mail communications.Striving for a new job or promotion with your current employer where you can leverage keywords in any documents or proposals you present, and throughout the interviewing process just as you would during a full-fledged job search campaign.Applying for board positions, leadership roles in organizations and other professional yet not work-related activities.The value of keywords is not limited to helping your resume pass an electronic scan. As you can see from the list above, keywords are just as important in your verbal exchanges because they communicate critical information about your skills, qualifications, experiences and achievements.Consider the impact that this small sampling of HR keywords and keyword phrases can have on how a prospective employer or internal hiring manager perceives you and your HR expertise…To continue reading this article, please click here.last_img read more

Desmond Howard Trashed 1 Head Coach On GameDay This Morning

first_imgDesmond Howard gives his take on ESPN.ESPN college football analyst Desmond Howard did not hold back when speaking about a former Michigan football coach today.The College GameDay analyst was asked about Jim Harbaugh and his job with the Wolverines. While it might be a disappointing start for some, it’s much better than what Michigan has dealt with in previous years.For example: Rich Rodriguez.Howard, who starred at Michigan, was brutally honest when speaking about Rodriguez and his time with the Wolverines.“Rich Rodriguez set the program back 8-10 years,” he said.Desmond Howard reiterates what he told us yesterday: “Rich Rodriguez set the program back 8-10 years.”— Brad Galli (@BradGalli) October 13, 2018That’s harsh, but it’s tough to argue against it.Rodriguez went 15-22 in three seasons at Michigan, going 3-9, 5-7 and then 7-6 in his final season.Michigan and Wisconsin are set to kick off at 7:30 p.m. E.T. on ABC.last_img read more

NEC Electric Systems to Power Fjord1s New Ferries

first_imgzoom Norway’s electrical company Norwegian Electric Systems (NEC) has signed a contract with compatriot shipbuilder Havyard Ship Technology for the delivery of hybrid electric systems for three new ferries ordered by transport conglomerate Fjord1.In December 2016, Fjord 1 and Havyard inked a contract for the construction of the three electrical ferries. The first vessel is slated for delivery in May 2018 and the remaining two towards the end of 2018.Designed by Multi Maritime in Førde, the newbuildings will have a capacity for 50 cars and 199 passengers.Two of the ships will operate on the Brekstad – Valset route and one ferry on the Sandvikvåg – Husavik route.The Norwegian Road Authorities’ strict requirement for emission for these two ferry routes have resulted in an electrical propulsion system using chargeable Lithium Ion batteries, NEC said.NEC has developed a DC system which is expected to ensure “safe charging and discharging of the batteries.” The system also includes a solution which allows for future upgrades of the vessels, such as larger battery capacity and/or higher charging power from shore, according to the company.last_img read more