Satiricus and the fellas were having a grand old time at the back of the Back Street Bar – and the forest of beer bottles on their table attested to the fact their spirits were well fortified by the copious amount of spirituous brew they’d imbibed. They’d covered most of the goings on transfixing the populace and had arrived at the longevity of the grand old man in the civil service.“How can you have a man serving as head of the Civil Service Union for over 30 years?” said Satiricus in wonder. “That’s some dedication, isn’t it?”Both Hari and Bungi looked at Satiricus carefully. Finally, Bungi offered, “A which worl’ yuh a live in, Sato?”“Dedication?” Hari snorted so strongly, some of the beer he’d just gulped almost came through his nose. “That man Yardie has been milking the system for most of those 30 years!”“That’s the problem with you fellas,” said Satiricus, “you never see the glass half full!”“De rail problem, Sato,” observed Bungi, “Yaadie mek sure HE glass always full full!!”“Yes, Sato…how come people who pay Yardie salary have to retire when they reach 55?” complained Hari. “But he still there in his seventies?”“Experience, bai…experience,” Satiricus smirked. “The man get re-elected every time, you know!”“E prappa gat nuff experience,” agreed Bungi, as Satiricus nodded. “Experience fuh rig de election!”“Sato, lemme ask you something,” Hari said after signalling for another round. “You and your KFC party want term limits for Jagdesh and the presidency. Why not for Yardie?”“Well, you see,” Satiricus started out as his friends peered at him suspiciously, “Nobody but Yardie can lead the civil service.”“Really?” exclaimed Bungi incredulously. “Wha’ mek he suh special?”“You ever hear Yardie talk?” Satiricus polished off his beer as he answered with a beery slur. “Civil, boy! Civil! The man talk so civil, he was made for the civil service!”
By: Sase Singh; M.Sc. – Finance, ACCA.IntroductionDepreciation in a country’s currency is when it continues to lose value in a floating exchange system. The outcome of such a situation in respect to Guyana, where our productivity and export production are flat-lining, is increased inflation and a rapid increase in the cost of living. Such a situation hurts the poor the most.Currency depreciation can occur due to any number of reasons – the economic fundamentals malfunctioning; interest rate differentials; political instability; risk aversion among investors; capital flight, and so on. The overwhelming view of the majority in the analyst community is that the root cause of the economic troubles in Guyana is not being addressed. Rather than waste time and resources on phantom troubles like the Lindo Creek investigation, President Granger needs to urgently wake up to the real troubles– the economic ones. He cannot continue to be “out-to-lunch” on these gross acts of economic mismanagement that are present in his Government.The reliance on future oil revenues cannot be the solution, especially after the fact that not even EXXONMOBIL knows the exact exploitation date or price which will translate to Guyana’s share of the oil revenue. It is all guesswork currently. The IMF has already warned Guyana about “scaling up” public spending in anticipation of future oil revenues, yet this is exactly what Team Granger continues to do.So how did we get here? Although President Granger complains that the PPP bequeathed him with an empty treasury, the evidence reveals that this is furthest from the truth. The last IMF Report on the PPP performance was headlined “Guyana experienced seven consecutive years of solid growth buoyed by agriculture and extractive industries”. Again, in that report, it noted that the PPP Government has been able to “gradually reduce Government expenditure as a share of GDP,” which was expected to improve the fiscal deficit. The PNC-led Granger Government came in and upturned that entire plan. What this Granger-led Government has done has been to plunder the treasury of some Gy$70 billion in 12 months, and the rest is history. As at August 8, 2018, there has been a net balance of some G$57.6 billion owed to the Central Bank by the Ministry of Finance. Where has all this money gone?Since President Granger came to office, his Government has made a determined effort to use the State as a vehicle to crowd out the private sector. His henchmen went as far as to try to label the private sector as mercantile vultures, rather than as the engine of economic growth. The nation did not respond well to such ideas, and around the end of 2016, capital flight started to happen at an accelerated pace. Today, capital flight is actively taking place in Guyana. The end result in a drying up of the stock of foreign currency available to the nation. In such a situation, something must give. The graph below using Bank of Guyana data and my projections for December 2018 based on the Ministry of Finance’s Half Year Report for 2018 reveals what is happening to our exchange rate.As we can observe, the exchange rate has been sliding under both the PPP and PNC-led Governments, but the slide has accelerated since December 2016 under President Granger, as more people have lost confidence in his ability to charter a new course because of the allegations of rampant acts of corruption under his Government, evidence of wasteful spending, and the destruction of many parts of the six sisters (the productive sector) that Guyana needs as the generators of the foreign currency to fuel the economy.What has been clearer have been the determined efforts by some of the most powerful political figures in Team Granger to destroy the partnership between the private sector and the state sector by using state agencies like “SARA and SOCU” to run down the private sector. Clive Thomas, Head of SARA and Economic Advisor to the President, made some damning statements against the private sector in the early days of the Granger Administration, and those helped to cement this destruction. His machinery is still at work today, even though not one of his cases has been concluded some three years later, which has reinforced the notion that Team Granger really have not figured out their developmental model yet, and the role that the private sector ought to be playing in that model. That is not how you run a country, in such a “school boyish” way with petty agendas. You think nationally, as you rule for all the people all the time.CONCLUSIONWe can do much better than this. The people must continually raise their voices on the issues, to ensure that better must come. That is why we must all stand with the teachers today.Please feel free to share your feedback at email@example.com.
LATEST STORIES Deandre Ayton shines as Suns pound Knicks Ash Barty’s run ends at Wimbledon, Riske reaches quarterfinals Olympic rings arrive in host city on barge into Tokyo Bay MOST READ Taal evacuees make the most of ‘unusual’ clothing donations, leaves online users laughing View comments Calm moments allow Taal folks some respite PLAY LIST 02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award03:05Malakanyang bilib sa Phivolcs | Chona Yu01:26Homes destroyed after Taal Volcano eruption02:48ABS-CBN franchise has ‘natural deadline,’ no need for quo warranto — Gatchalian Egypt’s forward Mohamed Salah reacts after conceding during the 2019 Africa Cup of Nations (CAN) Round of 16 football match between Egypt and South Africa at the Cairo International Stadium in the Egyptian Capital on July 6, 2019. (Photo by Khaled DESOUKI / AFP)Egypt star Mohamed Salah said the team would try to learn from their mistakes after the Africa Cup of Nations hosts suffered an embarrassing last-16 exit.The Pharaohs were billed as chief title contenders on home soil, having won three of four previous editions as hosts, but crashed out on Saturday following a shock 1-0 loss to South Africa.ADVERTISEMENT Don’t miss out on the latest news and information. The painful defeat came a year on from Egypt’s miserable World Cup campaign — their first appearance at the competition since 1990 — in which they failed to get out of the group stage after losing all of their matches.“Very sad for our early exit from the Africa Cup of Nations. We were hoping to continue together till the end and offer the tournament for our loyal fans to whom I have to address a big thank you for the support we are used to from them,” Salah tweeted late on Sunday.FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets offers from Asia, Australian ball clubs“God willing we will learn from our mistakes. I wish the best for the national team in what is to come.”Coach Javier Aguirre, appointed on a four-year deal last August, was sacked in the wake of the defeat while Egyptian FA president Hani Abou Rida also announced his own resignation. Steaming fissures on Taal Volcano Island spotted Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Duterte lambasts Catholic Church anew in curse-laden speech before Filipino Baptists Ukrainian prime minister resigns after recordings published Sports Related Videospowered by AdSparcRead Next 11 nabbed for shabu, drug den busted in Maguindanao
Negros Occidental gov’t, church call for prayers for safety of Taal evacuees And that was largely due to the four fouls Locke picked in the first two quarters, according to coach Caloy Garcia.“Our import got thrown off from way he wanted to play,” the Rain or Shine mentor said shortly after their 69-68 defeat in the hands of Magnolia—the team’s third-straight loss in four outings—Friday night at MOA Arena in Pasay.FEATURED STORIESSPORTSAndray Blatche has high praise for teammate Kai SottoSPORTSBig differenceSPORTSAlmazan status stays uncertain ahead of Game 4“He lost his rhythm right from the beginning. He didn’t know what to do,” Garcia said of Locke.Despite what could easily be viewed as an underwhelming performance, Garcia is optimistic that Locke has still a lot to show for. MOST READ Taal Volcano’s lava fountain weakens, but Phivolcs says it’s not sign of slowing down Taal Volcano eruption: House to develop rehab plan for Batangas, Cavite, Laguna “I think after today, he already knows how difficult and how players are good here in the Philippines,” he said.The 25-year-old American, who replaced Joel Wright, had 13 points and nine rebounds in the losing stand.When asked about the inevitable comparison to former import Joel Wright, Garcia suggested that there’s more to Locke than meets the eye.“In practice, he has been hitting those threes,” he said. “I think he has much, much more to show.”“[Tonight’s game] is basically him trying to understand how we play here,” Garcia continued.ADVERTISEMENT Don’t miss out on the latest news and information. Francis Kong, Jason Magbanua headline ‘The School for the Passionate, New Bold U 2020’ LOOK: Chilling Adventures of Sabrina Part 3 takes you straight to hell with a Music Video and First Look-Images SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold02:43Philippines make clean sweep in Men’s and Women’s 3×3 Basketball02:43Philippines make clean sweep in Men’s and Women’s 3×3 Basketball01:04Daybreak as smoke, ash billows from Taal volcano01:05Poor visibility, nakaapekto sa maraming lugar sa Batangas03:028,000 pulis sa Region 4-A, tuloy ang trabaho03:57Phivolcs, nahihirapan sa komunikasyon sa Taal01:04Sold-out: Stores run out of face masks after Taal spews ash01:45Iran police shoot at those protesting plane shootdown ‘People evacuated on their own’ All set for Compressport Hermosa Triathlon as Zambo fiesta kicks off Locke will have to bring his topnotch game, though, when the next game comes around, as on the other end is multi-time PBA import Eugene Phelps, who recorded two 50-point games in the past.“I told him that we’ll play Phoenix,” Garcia shared. “Eugene’s a much stronger import.”“But I know they all have varying strengths and weaknesses,” he ended.Sports Related Videospowered by AdSparcRead Next LOOK: Taal Volcano island 2 days after eruption No need to wear face masks in Metro Manila, says scientist LATEST STORIES MANILA, Philippines–Rain or Shine’s new import Kayel Locke didn’t have the usual eye-popping numbers expected from reinforcements in the PBA.ADVERTISEMENT View comments
0Shares0000LONDON, England, December 10 – Manchester United put the pain of their Champions League exit behind them with a 4-1 Premier League win at home to strugglers Wolverhampton Wanderers on Saturday.Victory, secured by two goals apiece from Nani and Wayne Rooney, saw the champions close to within two points of leaders Manchester City. But City — also knocked out of the Champions League in midweek — will restore their five-point advantage at the top if they win away to Chelsea on Monday.Nani gave United a 17th-minute lead at Old Trafford with a low shot from 20 yards out for his first goal in 18 games.And 10 minutes later before Rooney’s shot through a crowd of players gave the England striker his first league goal in nine games.Steven Fletcher pulled a goal back for Wolves early in the second half but United restored their two-goal lead after Nani turned in Antonio Valencia’s cross.Valencia was also the provider when Rooney made it 4-1.“I always say December is an important month; if we get to the new year still in the frame we have a great chance,” said United manager Sir Alex Ferguson.Elsewhere, Arsenal marked their 125th anniversary with a 1-0 win at home to Everton thanks to a goal from in-form striker Robin van Persie.The Dutch international broke the deadlock at the Emirates with a brilliant left foot volley 20 minutes from time.“It’s an art Robin has mastered well,” said Arsenal manager Arsene Wenger. “We are also grateful for three points against a good Everton side.”Liverpool beat QPR 1-0 at Anfield thanks to Luis Suarez’s first goal in six games with the Uruguayan heading home two minutes after half-time.Norwich held off 10-man Newcastle to win 4-2 at Carrow Road.Newcastle fell behind when, from a 39th-minute corner, a goalmouth scramble ended with Wes Hoolahan putting the Canaries ahead.But Newcastle were level before half-time when striker Demba Ba ran on to Yohan Cabaye’s through ball for his 10th goal in as many league games.Norwich, however, then scored two goals in four minutes with headers from Grant Holt and Steve Morison.Newcastle, who had Dan Gosling red-carded, made it 3-2 when Ba scored his second but Holt calmed Norwich nerves when he headed in from 12 yards to make the score 4-2.“You can’t concede from three set-plays in the Premier League like we did, but any team would struggle with the injuries we’ve got in central defence,” said Newcastle manager Alan Pardew.“We’re still aiming for a top seven or eight finish if we can.”Wigan climbed off the bottom with a come from behind 2-1 win over West Brom.The Baggies went ahead at the Hawthorns when midfielder Steven Reid curled in a 22-yard free-kick.But minutes later Victor Moses drew Wigan level with a curling strike from the edge of the box.Wigan went ahead in the 57th minute when Jordi Gomez scored from the penalty spot after Reid fouled Moses.“We showed great composure and I was extremely proud,” said Wigan manager Roberto Martinez.Aston Villa took the lead away to struggling Bolton when the unmarked Marc Albrighton turned in a cross from Gabriel Agbonlahor 12 minutes before half-time and more poor defending gave Stiliyan Petrov room for a long-range shot that went in via a deflection off Gary Cahill.Bolton hit through Ivan Klasnic scored in the 55th minute but they were unable to find another goal and Owen Coyle’s men are now propping up the table.“We are left to rue one sloppy 10 minute period,” said Coyle.Swansea defeated Fulham 2-0 with Scott Sinclair opening the scoring with a 56th-minute strike which was deflected into his own net by Clint Dempsey.United States international Dempsey had the chance to equalise but his penalty was superbly saved by Michel Vorm.Swansea substitute Danny Graham then sealed victory on the stroke of full-time.Tottenham Hotspur, who started the weekend in third place, are away to Stoke on Sunday when Sunderland, in Martin O’Neill’s first game as their manager, face fellow drop candidates Blackburn Rovers.0Shares0000(Visited 1 times, 1 visits today)
1 Ligue 1 side Rennes snubbed the chance to sign former Liverpool striker Fernando Torres, instead opting for West Ham outcast Diafra Sakho.Torres, 33, is reportedly considering his options at Atletico Madrid having struggled for regular game time under Diego Simeone.The Spaniard had been linked with a move to Italy earlier in the window, while clubs in France were also keeping tabs on his situation.One of those clubs was believed to be Rennes but, according to L’Equipe, the French side snubbed the chance to sign Torres, believing his goal return wouldn’t have matched his financial demands.Rennes instead opted to sign out-of-favour West Ham striker Diafra Sakho, leaving Torres to see out the season at Atletico before making his next move. Fernando Torres
France sealed the win through Eugenie Le Sommer’s penalty after Marion Torrent was fouled by Ingrid Engen.They top Group A with six points from two games – three ahead of second-placed Norway and third-placed Nigeria – with one group game left against Nigeria on Monday next week.You can listen to every single England and Scotland game LIVE across the talkSPORT network.Our coverage in France will be led by Natalie Sawyer – presenter of talkSPORT’s Kick Off show and The Times’ The Game podcast.There will be further coverage of the tournament, including both semi-finals, and the final too. France scraped to victory over Norway Spain dominated the ball but the Germans scored against the run of play when Daebritz pounced on some hesitant defending to bundle the ball in at the far post.The result meant that Germany will be assured of their place in the knockout stages if South Africa fail to beat China on Thursday, while realistically they look set to top the group.France 2-1 NorwayHosts France all but secured a place in the knockout stage of the World Cup after forward Valerie Gauvin marked her return to the line-up with a goal against Norway.The striker did not start the win over South Korea after showing up late for training but she neatly found the net from a cross.However, France’s lead did not last long after Wendie Renard bundled the ball into her own net while trying to clear her lines. Nigeria took the lead when defender Kim Do-yeon volleyed past her own keeper.Ex-Arsenal player Oshoala held off a defender before neatly rounding the keeper to score Nigeria’s second goal.South Korea, who face Norway in their third and final group match on Monday, have yet to find the net or earn a point.Germany 1-0 SpainGermany continued their perfect start to the World Cup as they claimed a narrow win over Spain in Group B.Bayern Munich midfielder Sara Daebritz’s scrappy first-half goal proved to be the difference and put the side ranked number two in the world all-but through to the last-16 round. The 2019 Women’s World Cup is now in full flow and there were three brilliant games played on Wednesday.Below you can read about the best of the action in France.Nigeria 2-0 South KoreaA stunning goal by former Liverpool striker Asisat Oshoala helped earn Nigeria a first win in the tournament – and all but confirm South Korea’s exit from the competition. 3 3 Germany edged out Spain in a close encounter South Korea have had a miserable tournament 3
Andy Murray will open his 2016 ATP Tour Finals campaign against Marin Cilic as he starts life as the new world number one.The Scottish star will face Cilic on November 14 at the O2 Arena in London as he bids to maintain his place at the top of the rankings following the lucrative season-ending event in London.Murray has also been paired with US Open champion Stan Wawrinka and Kei Nishikori in the John McEnroe Group.After replacing Novak Djokovic as the world’s best player, the British number one must keep pace with the Serbian ace to remain at number one. Djokovic is in the Ivan Lendl section with Milos Raonic, Gael Monfils and Dominic Thiem.Murray marked his latest significant career achievement by winning the Paris Masters this weekend when he triumphed against John Isner in Sunday’s final.
Ross County secured their survival as they halted Dundee’s winning streak under Neil McCann with a hard-fought 1-1 draw in the Ladbrokes Scottish Premiership at Dens Park.Jim McIntyre’s side only needed a point and picked up just as Liam Boyce’s fourth-minute opener put them ahead, only for home captain Darren O’Dea to equalise with a 76th-minute penalty.It means County have erased any lingering threats about being dragged into a play-off while Dundee now find themselves five points ahead of second-bottom Hamilton.County arrived on Tayside unbeaten in five games with their most recent victory coming away to Motherwell the previous weekend to move them into seventh place in the table. The hosts began the second half by introducing midfielder Nick Ross at the expense of the ineffective Tom Hateley.They began to look more like an attacking threat and, in 59 minutes, El-Bakhtaoui let fly from 25 yards only to see his effort fly narrowly over the bar. And in 76 minutes they levelled from the spot.Cammy Kerr was brought down inside the box by Curran and up stepped skipper O’Dea to smash the spot-kick high past Fox before they threw everything at it in search of a winner towards the end, including Haber’s free header in 85 minutes which Fox gathered. Dundee were aiming for their third straight win following back-to-back wins at Motherwell and Kilmarnock and ran out to a vociferous home crowd who were anticipating their recent revival to continue. But they fell behind in four minutes to Boyce’s 22nd goal of the season.Martin Woods was the provider as he set Boyce free and the Northern Ireland international striker hit a low shot outwith the reach of home keeper Scott Bain from six yards.And the visitors almost increased their lead minutes later when Craig Curran latched onto Boyce’s through ball inside the box, but Bain forced him wide as his shot ended up in the side-netting.Dundee were struggling to find their feet although Marcus Haber did have a long-range effort which was saved by Staggies keeper Scott Fox, while Faissal El-Bakhtaoui was similarly thwarted.
Leslie Sedibe will feature on the next instalment of Brand South Africa’s Play Your Part TV series, to air on Sunday 24 August on SABC2 at 9pm.Proudly South African launched the Ubuntu Schools Campaign against sexual violence and bullying in schools in 2012. If anything, the campaign has shown a pressing need for guidance, mentorship, vision, discipline and encouragement in schools (Image: Proudly South African)Buying locally made goods is not just about patriotism. It’s about investing in the country, economic growth and job creation. Leslie Sedibe, head of Proudly South African, says every citizen should buy South African goods every time they shop. It is one way they can play their part for the nation.Sedibe’s main task is to ensure that South Africans are proud of that which makes this country great. If it were up to him, he would introduce a rule that compelled South Africans to buy local every time they shopped, particularly for clothing. But he believes the campaigns he leads at Proudly South African will go a long way in educating South Africans about the importance of choosing locally produced goods and services.Lesley Sedibe reminds South Africans to embrace Brand SA