Jagdeo slams Granger for lack of policies to support growth

first_img– accuses him of peddling more platitudes and rhetoricNot only has Guyana’s economic growth rate for the last financial year been poor, it has proved to be extremely disappointing, as the economy has been in a bad state especially over the past three years ever since the coalition took over Government from the People’s Progressive Party/Civic(PPP/C).Opposition Leader Bharrat JagdeoThis point was underscored by Opposition Leader and PPP General Secretary Bharrat Jagdeo, who recently criticised the David Granger-led Government for a lack of policies to support growth, both at the national and regional levels.Citing the recent statements made by the President about the need to attract investment here, Jagdeo, a trained economist, stated that “if there is no vision, then there won’t be any growth”.The former Head of State said Granger continued to “walk in the clouds”, especially given the statement he made in reference to urging people to be innovative and to get out of the mind-set of mining and producing raw materials only when there is clearly no sound policies to help nurture and support this ‘so-called’ vision.Jagdeo was referring to statements made by the President at the recent Linden Exhibition & Trade Fair.Instead of presenting a thought-out approach that could result in greater progress for Lindeners, Jagdeo observed that the President instead went to the event with more platitudes.He said the 2.1 per cent dismal growth rate gave a clear picture of how incompetent the current Government was at managing the financial and economic affairs of the country.Jagdeo said the economic growth figure was low by all standards, and was in no way lending to the growth and development that were required in the country. He also reminded that the Government had to revise the growth projection three times, and that called into question its presentations to Parliament regarding the economy.“So now that it is low, all of the ratios they spoke to us about in the last budget in November would have to be recalibrated. And so the size of our fiscal deficit would climb, our balance of payments in relation to [Gross Domestic Production] GDP will climb et cetera … rather than the Minister of Finance (Winston Jordan) seriously addressing the issues to say what policy-wise can I do to stimulate the economy, he then makes excuses,” he added.The PPP General Secretary has also taken note of the Government’s intention to collectively borrow approximately $220 billion (the Guyana Sugar Corporation (GuySuCo) bond of $30 billion and the Islamic Development Bank loan of US$900 million) which he described as ‘shocking and cause for worry’.BorrowingAccording to the Opposition Leader, “This failed approach to national economic management was tried in the past. It led to a bankrupt country and resulted in devastating consequences for our people. I am sure everyone would recall that the external debt was over 900 per cent of GDP in 1992, which was reduced to 36 per cent of GDP in 2015.”He said the PPP had predicted that this Government would go this route, since “the massive growth in the size of the national budgets, primarily on consumption, could not be financed by the hefty increase in taxation, so this hopelessly-misguided [A Partnership for National Unity] APNU Government had to resort to large-scale borrowing.”With Guyana’s growth rate regressing, the Private Sector Commission (PSC) recently stepped up and compiled a report detailing several recommendations to put the country on a path to greater economic growth. The PSC’s “Action plan for the sustainable development of Guyana” report was handed over to Jagdeo and the Government.An Inter-American Development Bank (IDB)-funded quarterly Labour Force Survey done during the period July to September 2017 has revealed that the unemployment rate for persons aged 15 and above was 12 per cent. In addition, the situation for women was found to be substantially worse than that for men.The survey was done on a total population of 550,831 persons aged 15 years and above, with some 72.2 per cent living in urban areas. Given these figures, only 271,068 persons comprised the total employed population during the time of the quarterly survey – 166,873 males and 104,195 females. Urban workers totalled 188,774, while their rural counterparts numbered 82,294.Close to 7000 sugar workers were fired by Government last year.last_img read more

SPECULATION MOUNTS THAT LIDL IN €1.9 MILLION DEAL FOR OATFIELDS SITE

first_imgSpeculation is mounting that Donegal Creameries and German supermarket giant LIDL are in negotiations on the future of the Oatfield Sweet factory site in Letterkenny.Donegaldaily.com understands LIDL has offered €1.9 million for the site – if they get planning permission for a new supermarket.However all parties are remaining tight-lipped about any possible deal. Donegal Creameries boss Ian Ireland said that as a matter of policy they do not confirm of deny rumours regarding company activity.Speculation is mounting on the future of the workers at the Oatfield Sweet Company which is owned by Dublin-based confectioners Zed Candy.There are now 15 workers at the plant who are anxious about their future.Although Donegal Creameries does not own the site on which Oatfields is located, it does have a major share on the site. Lord Mayor of Letterkenny Cllr Gerry McMonagle said he too was concerned about mounting speculation about the future of the well-known sweet company.He confirmed he has been approached to meet with workers who revealed to him how fitters had been at the plant this week measuring machinery with a view to relocation.Last year 26 workers were let go from Oatfields when its boiled sweets operation was transferred to its sister company Tilleys in Britain. SPECULATION MOUNTS THAT LIDL IN €1.9 MILLION DEAL FOR OATFIELDS SITE was last modified: January 20th, 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:Donegal CreameriesLIDLOatfieldslast_img read more

Disneys classic 90s Aladdin and Lion King games are out Oct 29

first_img Preview • Nintendo Switch: All the latest details Video Games TV and Movies $289 26 Photos $299 2 Best Buy News • Are you a Nintendo Switch docker or hander? Amazon See It See It See It Mentioned Above Nintendo Switch (Gray) How To • How to transfer your Nintendo Switch account to a new Switch V2 With the Aladdin and The Lion King remakes each raking in more than $1 billion at the box office this year, it’s apparently time to remaster the ’90s video game adaptations of the originals. The two games, which will be packaged together as one release called Disney Classic Games: Aladdin and The Lion King, will come to the Nintendo Switch, Sony PS4, Microsoft Xbox One and PC on Oct. 29 for $30.Be prepare to face off against the hyenas in The Lion King. Disney The collection — developed by Nighthawk Interactive and Digital Eclipse — will also include the Sega Genesis and Nintendo Game Boy versions of Aladdin, along with something called the “final cut” and a trade show demo that hasn’t been available since 1993. Lion King will get Genesis, Nintendo SNES and Game Boy versions.center_img Review • Nintendo Switch review: Pure fun on a big-screen TV or on the go Share your voice Nintendo Switch $299 Walmart See it CNET may get a commission from retail offers. Nintendo Switch Lite: All colors, all angles, and vs. Switch $299 Comments Tags There’s no mention of an SNES version of Aladdin, which was significantly different from the Genesis one and was developed by Resident Evil creator Shinji Mikami. (We’ve embedded a comparison video of the SNES and Genesis versions.)The package will also include a world class menagerie of new features, like the ability to swap between upscaled and original graphics, visual filters, customizable controls, a rewind feature and Blu-ray-style extras.dcg-screenshot-6Stay one jump ahead of the lawmen in Aladdin. Disney The remaster was leaked Tuesday by Twitter user @wolverinefactor.First published Aug. 28 at 4:52 a.m. PT.Update, Aug. 29 at 9:30 a.m. PT: Adds release date and price. Disney Genesis Microsoft Sony Nintendolast_img read more

Gold prices continue on downward spiral

first_imgGold prices have declined for the second consecutive week since November 9 as they are now down by 7.4 percent. Silver has also seen a slump in price as it has gone down by 8.17 percent.The trend is unusual for jewellery sector this time of the year as India, the world’s second biggest consumer of gold, usually sees a surge in prices due to the demand during peak wedding season.However, the main reason for the price fluctuation can be traced to the Narendra Modi government’s announcement to ban high-value currency notes of Rs 500 and Rs 1,000.Both, gold and silver, witnessed a slight surge in prices on November 9, a day after the announcement of the currency ban, increasing from Rs 43,850 to Rs 45,000 and from Rs 30,850 to Rs 31,750, respectively.This has been correlated to the sudden surge of customers who were exchanging their illegal notes with jewellers, albeit at a premium favouring the jewellery merchants. But the government was quick to plug such leakage as it made it mandatory to submit PAN details for buying jewellery to restrict conversion of black money to white. Notices were also sent from the excise department to about 600 jewellers in the country.While the share price of Titan was down 3.25 percent to trade at Rs 306.95, it was up by around 4.83 percent for Gitanjali Gems, which was trading at Rs 55.30 at National Stock Exchange on Monday. Tribhovandas Bhimji Zaveri was trading 0.24 per cent up at Rs 61.40 at NSE.last_img read more

Capturing spirituality

first_imgAs we evolve the human race attains refinement and greater spiritual heights, so believes the artist Mahendra Kumar Aggarwal who is showcasing his premier solo art exhibition in the Capital from 20 July. With spirituality as its essence, he brings forth artworks that are of universal nature. Mahendra gave up on his IT job in early 2000 to become a serious collector of Indian art. Then on started his journey into the world of modern and contemporary  art. His works stem from the subconscious which he believes is the real mode of perceiving reality than depending upon rational thoughts and senses. His work is centered on the human figure with face as the focal point depicting it as the mirror of the soul.last_img

Winning the Link Popularity Contest

first_imgSeptember 18, 2006 Enroll Now for Free This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now Paying for PopularitySince Google is so averse to paid run-of-site links, it would be natural to assume that any sort of paid link popularity method would also be frowned on. But luckily that’s not the case when it comes to association membership fees.Some of the organizations you’re interested in joining will charge you a membership fee, anywhere from $10 for a lifetime to $5,000 or more per year. Don’t let those fees scare you off. If your funds are limited, consider signing up for just a few at a time and adding more as your budget allows.Besides, a few links added judiciously over time are much more credible than a flood of sudden links that appear all at once. That will get you the kind of attention you don’t want from search engines: red flags over possible link spamming.Nobody said link popularity was a contest you could win overnight. But if you steadfastly use the ideas outlined above, you’re sure to see a gradual–but very definite and satisfying–improvement in your link popularity, targeted traffic and search engine rankings.Michael Pedone is the president and CEO of eTrafficJams.com, a search engine optimization and website marketing company in Clearwater, Florida. 4 min read Opinions expressed by Entrepreneur contributors are their own. When it comes to building link popularity in order to promote your website, you’ve likely heard web marketers say, “Build it and they will come.” In other words, all you have to is create an excellent website marketing strategy for a well-designed and properly optimized site that has loads of quality content. This, they say, will inspire other sites to link to yours.Oh, is that all?Unfortunately, it isn’t.Having a quality site with hundreds of pages of well-written, unique content is definitely a plus. But for most websites, that isn’t enough to attract the quality and quantity of links needed to boost your search engine rankings these days.So what do you have to do to get quality links that will actually count for something with the search engines? Here’s Google’s answer to the question:”Make sure all the sites that should know about your pages are aware your site is online.” (Get more tips from Google here.)That means you shouldn’t wait for these other sites to find you. You need to put your paws to the pavement and seek out organizations, associations and specialty industry groups–any and all sites representing groups that are considered credible and respected resources for your industry. Then get them to link to you.Becoming affiliated with groups like these will not only shift your link popularity efforts into high gear, it will also help build your brand and expose your business to consumers in your precise target market.Ready to get started increasing your link popularity? Here are the steps you should take:1. Search for organizations that are already established within your industry. Most have a directory that lists companies like yours (you’ll probably see some of your top-ranking competitors already listed there!). Many associations allow you to join either for free or a fee. Select the ones you think will benefit you the most, and sign up.2. Scour your competitors’ sites and see if they’re affiliated with any associations you should be connected with but aren’t yet.3. Once you’ve joined these groups and have a link on their sites, issue a press release telling the world that you’re now an official member of “XYZ Association.” Be sure to include a link from the press release to the XYZ web page your site is displayed on as well as a link to your own site.4. Commit to writing an article (or having one written) at least once a month. Then: Upload it to your site. Get it crawled by adding it to your Google and Yahoo! sitemaps. Make a blog post about it, and link to it. (Waddaya mean you don’t have a blog yet?!) A few weeks after the article’s live on your site and has been cached, submit it to some of the organizations you contacted earlier. In the “About the author” section, or biography, at the end of the article, add the link to that specific article on your site and on your blog. This will help establish your business as the authoritative source of the article. It will also build link popularity to that specific page and allow readers to post comments about it on your blog. If you have a forum on your site, mention it there, too, and point users to it with a link. It wouldn’t hurt to issue a press release about the article you wrote either. Make sure you link to the exact page where your article resides on your site as well as to your home page.last_img read more