Pogba, closer to Madrid

first_imgAnother fact that counts in favor of Madrid is the devaluation of the market due to the coronavirus crisis. Before that crisis and as pointed out from England, there were already voices within United that indicated that it was the perfect time to try to enter 100 million pounds (115 euros) for the player. Now, however, the estimate is that it will cost considerably less than 100 due to the crisis itself and because, this season, Pogba has only been able to play eight games due to various ankle injuries.Your agent, Mino Raiola, will also play a determining role if necessary. He is firmly determined to have a caliber player on the white roster. It is what he lacks in his successful career. Now you have Areola. This has strengthened his relationship with José Ángel Sánchez, with whom he has a very good relationship despite the fact that, with Florentino, the relationship has been tense since 2016. “Pogba would prioritize Madrid.” It is the message that comes from the player’s environment when the possibility of Madrid launching into an operation that has been dragging for several years and that, every time, seems closer to being carried out. There are various events that fuel Zidane’s hope to finally have the player. The main one is Pogba’s own disposition to wear white. The world champion, who met Zidane in Dubai last October, I would rather choose an offer from Madrid than one from Juventus or any renewal proposal from United. Pogba’s contractual situation is ideal for Madrid to try to sign him. It ends with United in 2021 and, although it is true that the English club can extend its contract one year more unilaterally, it is illogical that it did so because “they would only get the player angry and have him unhappy for another year”, they tell us from your environment. For United this summer there is an obligation: to renew or sell it. Today, Both parties, Real Madrid and Pogba’s agent, acknowledge that “everything is standing in the market” due to the uncertainty of the crisis, but no one escapes that the bases for the operation to take place have already been laid. Pogba is closer …last_img read more

Continue reading

UST rookie Cansino ‘surprised’ to be in 7th place of UAAP MVP race

first_imgGretchen Barretto’s daughter Dominique graduates magna cum laude from California college University of Santo Tomas’ wunderkind placed seventh in the MVP race after the first round, accumulating 57.4286 statistical points with averages of 14.3 points, 9.4 rebounds, and 2.9 assists in the Growling Tigers’ first seven games of the season.READ: Akhuetie leads UAAP MVP race thru 1st roundFEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissThe former UAAP juniors’ MVP was flattered that he was even part of the race and he felt his hard work is slowly paying off in the collegiate field.“Of course, I was surprised because this is already the seniors’ division,” said Cansino, a frontrunner to win the Rookie of the Year award, in Filipino after UST’s 78-70 win over Far Eastern University Sunday at Mall of Asia Arena. Phivolcs: Slim probability of Taal Volcano caldera eruption View comments For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Nadine Lustre’s phone stolen in Brazil Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Allen Durham still determined to help Meralco win 1st PBA title LATEST STORIES Tim Cone, Ginebra set their sights on elusive All-Filipino crown Magnolia overcomes late Alaska run, stays on topcenter_img Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Don’t miss out on the latest news and information. CJ Cansino’s proving that he’s more than a just rookie in the UAAP Season 81 men’s basketball tournament.ADVERTISEMENT Cansino finished with five points but grabbed 12 rebounds in the Growling Tigers’ third straight win.“I feel like my extra work in practice is paying off because it’s been showing in my performance,” said Cansino. “I think the MVP race is more motivation for me to play harder next game.” Sports Related Videospowered by AdSparcRead Next Gov’t to employ 6,000 displaced by Taallast_img read more

Continue reading

BoG and the deteriorating public deposit balances

first_imgDear Editor,Guyana can be regarded as a cash-based economy because the majority of private-sector retail and commercial payments are made in cash or near cash. Thus, the need to examine the impact of public deposits on economic performance is essential. Public deposits, in this case, denote the size of deposits of the central government at the Bank of Guyana. Its main source would be from taxes collected.Therefore, the dynamics around public deposits are frequently seen as a measure of how much the private sector is being crowded out of the economy. The pertinent question to ask is whether the private sector is being pushed out of its role as the engine of growth as the Government runs a growing overdraft at the Bank of Guyana. The answer will be – it depends. So let us look at the evidence and come to some conclusions.Below is the Bank of Guyana’s Balance Sheet as of October 9, 2019, which highlights that the public deposits are at a NEGATIVE balance of GY$70.8 billion. When compared to June 2015, Table 1.2 of the Bank of Guyana Report (Statistical Abstract) illustrated that this figure was a POSITIVE GY$8.5 billion. The arithmetic will inform you that there was a deterioration in public deposits totaling GY$79.3 billion.To reinforce this point, the IMF had put out official statistics in 2018 that informed us of this adverse development. The general theme of their concerns can be represented in the graph below which shows a trajectory that the overdraft at the Bank of Guyana is on course to top 9% of the GDP by New Year Day 2020. Is this a gift or a burden?;The IMF, in their 2018 Staff Report, recommended, and I quote: “Staff reiterated and stressed the importance of settling these balances at the central bank, which the authorities agreed to do in the short-term through the issuance of Treasury Bills”. The facts disclose that after almost 18 months, the Bank of Guyana has not settled these balances by issuing Treasury Bills. Is there inadequate liquidity in the banking to absorb this debt and therefore the Central Bank will have no recourse but to print new dollars to facilitate the IMF’s recommendations? Is this an attempt to hide this GY$70 billion in domestic debt from the official figures?There are three vital issues here. First, the official debt figures reported by the Ministry of Finance is GY$70 billion (approximately US$330 million) short. Second, if this trend continues, by the time the elections are held on March 2, 2020, a two-year supply of oil revenues would have already been spent, never to return to the coffers and people of Guyana. Third, this rapid increase in debt will be a drag on the economy as more of the national income will have to be assigned to debt service payments.In the Half-Year Report for 2019, the Ministry of Finance reported that “In the first half of 2019, total public debt service payments increased by 17.3 per cent, from US$44.3 million in the first half of 2018 to US$52 million, mainly as a result of a 96.9 per cent rise in domestic debt service payments. For the first half of 2019, total public debt service as a share of government revenues was 9.4 per cent, compared to 8.5 per cent for the first half of 2018.Yet, I cannot find one media house reflecting on this national tragedy of a gargantuan scale. It is policy actions like this in the 1980s that marched Guyana into a status where it was considered as “bankrupt and un-creditworthy” which then led to the ERP that brought many empty rice pots into the kitchens of many Guyanese homes. Some may say that the oil wealth over the next 40 years of close to US$58 billion will solve all these ills but if the 2020 and 2021 supply of that oil cash is now gone forever, the access to this positive oil flow would have been deferred to 2022— bringing no relief to the people of Guyana before then.In the final analysis, this reckless strategy by Mr Granger and his team will introduce great economic harm to our people for years to come.Regards,Sasenarine Singhlast_img read more

Continue reading

Essequibo man granted $500k bail for unlawful and malicious wounding

first_imgA man from Essequibo was on Friday granted bail in the sum of 0,000, when he appeared before Chief Magistrate Ann McLennan.Walston Bhoodoo, 52, is accused of unlawfully and maliciously wounding Jai Singh on June, 14, 2016, at 14 Miles, Kassana Backdam, Essequibo River. He was not allowed to plead to the indictable charge read to him by the magistrate.Police Prosecutor Deniro Jones made strong objections to bail, stating that the defendant gave conflicting addresses to the Police.It was revealed by Jones that the men who are known to each other had an argument which resulted in the use of violence.On the day in question Singh was in his camp when approached by Bhoodoo, who started to argue with him over money, and a fight broke out between the two. Bhoodoo, armed with a sharp object, dealt Singh two ‘jooks’ to his abdomen.The court also heard that after the confrontation ended, Singh began receiving threatening text messages from unknown persons, who he suspected to be relatives of the defendant.Chief Magistrate McLennan granted Bhoodoo bail under the condition that he must stay without 50 feet of Singh. The accused was also placed on a bond on good behaviour.Bhoodoo is expected to make his next court appearance on June 29 at the Bartica Magistrate’s Court.last_img read more

Continue reading

Guyana’s public debt stands at $330B

first_img…as external, domestic debts rise…owes largest percentage to IDBBy Jarryl BryanGuyana’s public debt is on the rise, with the Finance Ministry’s recent Public Debt Annual Report highlighting that since 2015, there has been a 4.1 per cent rise in Guyana’s indebtedness to creditors.The report details that Guyana’s total debt, inclusive of external and domestic, increased to $330 billion as of December 2016. The Ministry attributed this to disbursements from the Export Import Bank of China towards the Cheddi Jagan International Airport (CJIA) expansion project, as well as monies from multilateral creditors.A breakdown of the figures shows that total external debt amounted to $240 billion, a 72.6 per cent bite out of the total public debt. On the other hand, domestic debt stood at $90.6 billion, or 27.4 per cent of the total.“At the end of December 2016, multilateral creditors continued to be the predominant creditor category, accounting for 59.7 per cent of the external debt portfolio, a slight decrease from the 2015 position of 60.6 per cent. Bilateral lenders and commercial lenders represented 38.8 per cent and 1.5 per cent of the public external debt portfolio, respectively,” the Ministry explained.“Although the nominal public debt increased, the total external public debt to GDP ratio declined from 36.1 per cent as at end-December 2015 to 33.7 per cent as at end-December 2016 as a result of GDP growth outstripping the rate of growth of public external debt stock,” the Ministry said, in justifying the increase.In 2012, the public external debt was $277.8 billion but by early 2015, that had been reduced to $236 billion. In similar manner, the domestic debt had been reduced from $93.4 billion in 2012 to $81.6 billion in 2015 before a sudden flare up in the figures after the A Partnership for National Unity/Alliance For Change took office.According to the report, “The share of external debt to total public debt decreased marginally from 74.3 per cent at end-December 2015 to 72.6 per cent at end-December 2016, while the share of domestic debt to total debt increased from 25.7 per cent to 27.4 per cent of total debt over the same period. The increasing share of the domestic debt in Guyana’s total debt portfolio reflects Guyana’s strides to have a diversified portfolio and debt instruments.”“The total public external debt stock continues to increase and reflects Guyana’s preferences for obtaining concessional loans whilst domestic debt stock increased as a result of an increase in the issuances of domestic securities (Treasury Bills and Debentures) in 2016,” the Finance Ministry also detailed.Who do we owe?But who does Guyana owe all this money to? The report notes that Guyana’s four main external creditors are the Inter-American Development Bank (IDB), the Caribbean Development Bank (CDB), the State-owned Export-Import Bank of China (China EXIM Bank) and Venezuela State-owned oil company (PDVSA).Together, they constitute some 77.7 per cent of Guyana’s public external debt stock, as at end-December 2016, with the IDB the most dominant creditor. According to the report, the IDB has an average share of 42.0 per cent of the debt portfolio.The CDB is Guyana’s second largest creditor, accounting for 12.6 per cent of total public external debt. The Export-Import Bank of China follows closely behind the CDB with a 12.5 per cent share of external debt, while Venezuela’s PDVSA accounted for 10.6 per cent. Important to note is PDVSA has recently been declared to be in default of its debts by a Trade group in the US.“Kuwait and Libya, debts to (whom) are in arrears, remained Guyana’s largest non-Paris Club bilateral creditors. (They) accounted for 10.1 per cent of Guyana’s public external debt stock as at the end of December 2016. The public external debt stock by borrower category remained unchanged, in 2016.”“The Central Government was the main beneficiary of external financing, accounting for 99.0 per cent of the debt portfolio in 2016. This represents a 1.0 per cent increase over the end-December 2015 position. On the other hand, the share of public external debt held by the Bank of Guyana decreased by 1.0 per cent due to the IMF debt being fully repaid,” the report details.There is some amount of consolation, however, with the report noting that Guyana’s total debt to Gross Domestic Product (GDP) ratio declined by approximately two per cent – from 48.4 per cent to 46.6 per cent. This is an indicator of how well a country, in this case Guyana, can repay its debts through its GDP without incurring more.last_img read more

Continue reading

4th Annual Mower Mayhem taking place in South Taylor this weekend

first_imgTAYLOR, B.C. — The Peace Region will see its first motor sports racing event this coming weekend.For the fourth year in a row, Mower Mayhem will be taking place in South Taylor on the May long weekend. The event, which is happening on Johnson Road, starts Friday May 19th at 5:o0 p.m. with a Show ‘n’ Shine, pig roast, and swap meet. Races are set to take place on Saturday and Sunday, with the gates open at 11:00 a.m. on the first day, and at noon Sunday. Admission is $5.00, but free for kids under 12.The four classes of lawn mowers that will be racing this weekend are:Bone Stock – lawnmowers that have the mower deck removed with no other modificationsStock – lawnmowers that have some modifications to the pulley system allowing faster movementPro Stock – lawnmowers with modified chassisModified – heavily modifed lawnmowers with extensive engine and chassis modifications- Advertisement -In addition to the four classes of lawn mowers, there will also be quad racing on Saturday.For more information, or to register your lawn mower for the races, call Jason Westgate at: (250) 329-6393, or visit the Mower Mayhem Racing Facebook page.last_img read more

Continue reading

Coral Daily Download – Should Liverpool have made one marquee signing to replace Suarez?

first_imgDave Stevens joins the Alan Brazil Sports Breakfast to round up the latest sporting oddsThe Coral spokesperson asks Alan Brazil and Alan Curbishley for their views on Liverpool, ahead of their crunch Champions League clash with Real Madrid at Anfield.Brendan Rodgers splashed the cash this summer but decided to build a bigger squad, rather than land one star striker to replace Barcelona-bound Luis Suarez.Coral is the official betting partner of the Alan Brazil Sports BreakfastYou can listen to exclusive radio commentary of Liverpool v Real Madrid on Wednesday from 7:45pm only on talkSPORTlast_img read more

Continue reading

Emergency is declared for landslide site

first_imgPersonnel from the state Office of Emergency Services will deploy to San Diego to provide assistance under state disaster relief statutes. Last week’s landslide shut residents out of 111 homes overnight. Six homes that were destroyed or severely damaged remain off-limits to residents. People living in a seventh home were allowed back in with public-safety escorts but will not be allowed to stay overnight. Five houses at the toe of the landslide that went unscathed are still blocked by tons of dirt and debris. Officials said the street may not be cleared for several weeks. By The Associated Press SAN DIEGO – Gov. Arnold Schwarzenegger declared a state of emergency Monday for the city of San Diego, five days after a landslide in the La Jolla neighborhood destroyed a busy road and sent houses sinking into the crevasse. The declaration clears the way for the state transportation agency to request federal assistance for cleanup and reconstruction. City officials said the slide caused more than $25 million in damage to roads and public utilities. Private property losses were estimated at $22 million. 160Want 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

Continue reading

WOMAN RUSHED TO HOSPITAL AFTER CAR FLIPS INTO FIELD

first_imgThe woman’s car skidded and flipped into a fieldA woman has been rushed to hospital after her car skidded across a road and flipped into a field.The accident happened just before 10am on the main N15 road between Donegal Town to Ballyshannon Road.Gardai and firecrews are at the scene. Our picture shows how lucky the woman was to get out of her car at all.An investigation into the cause of the crash is examining the possibility that the woman may have skidded on oil that was already on the road and then lost control of her vehicle.No other cars were involved in the crash.The woman has been rushed by ambulance to Letterkenny General Hospital but her injuries are not believed to be life-threatening. A spokesman for the emergency services at the scene has appealed to drivers to slow down in the area.“This is still an accident scene and there is still oil on the road. We are appealing to drivers to slow down.“It appears there may have been oil already on the road and thankfully there were no other cars coming in the opposite direction or we could have been dealing with a much more serious scenario,” he said. WOMAN RUSHED TO HOSPITAL AFTER CAR FLIPS INTO FIELD was last modified: August 29th, 2013 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:ambulanceBallyshannoncrashDonegal TownFIRE SERVICElast_img read more

Continue reading

Snap! Donegal beats Venice and Monaco on the 50 most Instagrammable places in Europe

first_imgSure, travelling is about experiences… but it’s also about getting a good Instagram picture, amirite?And even if you can’t afford to hop on a plane to a far-flung beach destination, you don’t have to as the stunning beauty of Donegal stands tall once again after being ranked 26th on the 50 most Instagrammable places in Europe.Yep, according to new research global travel site Big 7 Travel, you don’t need to fly hundreds, or thousands, of miles to get the perfect social media snap. Donegal’s most popular tourist spots will do the trick just fine, thanks very much. Ranking ahead of Monaco, Berlin and Rome, the county’s rugged stretch of the Wild Atlantic Way has endless golden beaches and tiny villages that make for a wonderful weekend break for exploring.The final results are ranked in order of their visual allure and popularity on social media – Big 7 Travel also includes the seven best spots to visit in each destination for a guaranteed amazing Instagram photo.Kerry managed to land themselves in the top 10 of the list, while the top spot was granted to Dubrokink.Full results from Big 7 Travel can be seen on their website here. Snap! Donegal beats Venice and Monaco on the 50 most Instagrammable places in Europe was last modified: April 26th, 2019 by Shaun KeenanShare 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

Continue reading