Senate Berates Economic Management Team for “Poor Report” on Economy

first_imgThe EMT comprises, among others (from left) Finance Minister Samuel D. Tweah, Jr.; Commerce Minister Prof. Wilson K. Tarpeh and Central Bank Governor Nathaniel Patray.Over a dozen Senators on Tuesday, November 7, made public their strong disagreement over a three-page report from the Economic Management Team (EMT) on the state of the economy; the alleged missing L$16 billion and the status of the infusion of the supposed US$25 million into the economy to strengthen the depreciated Liberian dollar.The angry lawmakers, including Senators Thomas Grupee, Matthew Jaye, Varney Sherman, Nyonblee Karngar-Lawrence, Henrique Tokpa, J. Gbleh-bo Brown and Dan Morais, said the report lacked detailed explanations on the specifics on the economy, but instead it is filled with financial graphs which they cannot understand to interpret to their constituents who elected them.In a soft-but-firm tone, Nimba County Senator Thomas Grupee rebuked the Chairman of the EMT, Finance Minister Samuel Tweah for speaking from his head and not from a prepared text, taking into consideration the severity of the matter.Senators Brown, Jaye and Lawrence, said the “graphs are laughable, because the EMT did not take into account their professional backgrounds.”Tough-talking Senator from Grand Cape Mount County, Varney Sherman, said the current state of the economy is too alarming for the Economic Management Team to be toying with.“I have been here for the past four years and I don’t remember us having public hearing and anything good come out of it. Why? Because the people who come to talk to us give us generalities and no decision can be made by us. The status of this economy is very serious. We call our experts here – people who’re supposed to advise us – and they come and talk to us from the top of their heads… How can you expect me to understand the status of the economy on three pages,” Cllr. Sherman said.Bong County Senator Henrique Tokpa said based upon his professional background he understands the graphs but  his other colleagues who are from different backgrounds need a simple explanation on the monetary and fiscal policy and the impact of the US$25 million infusion in the economy.The lone female Senator in session, Nyonblee Karnga Lawrence, described the three-page report as unprofessional, far below standard and does not fall within the best financial practice.She asked that Senators Morris Saytumah and Jonathan Kaipay, whose arguments were in defense, be allowed to give a general perspective on the economy and through questions-and-answers, the Senators’ specific questions will be addressed.However, Min. Tweah apologized for not making reference to the summary compiled by the team but said copies had been made available for members of the Senate.The Economic Management Team comprises of the Central Bank Governor, Nathaniel Patray, Finance, and Development Planning Minister, Samuel Tweah, Commerce Minister, Wilson Tarpeh and Commissioner General of the Liberia Revenue Authority, Thomas Doe Nah.For a way forward, after berating the EMT, River Cess County Dallas Gweh proffered a motion for the EMT to be discharged in order to bring a detailed report on the economy, including the alleged missing L$16 billion, the state of the economy, the infusion of the US$25 million and the impact as well as which institutions benefited or how it was infused.The motion, which was amended by Senators Morris Saytumah and Peter Coleman, also said about 33 copies of the report should be submitted to the Secretary of the Senate, latest on Friday, November 9 and then return on Tuesday, November 13 in the Senate Chamber, by 11 am.The issue of EMT remaining under oath was disregarded by Senate President Pro Tempore Albert Chie.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Pereyra strikes against Crystal Palace as Watford continue 100 per cent start

first_img England’s most successful clubs of the past decade, according to trophies won Watford continued their 100 per cent start to the Premier League season by defeating Crystal Palace at Vicarage Road.Roberto Pereyra and Jose Holebas netted early in the second half to give the hosts a dominant lead, though Wilfried Zaha’s strike just over 10 minutes from time made it a nervy finish in Hertfordshire. Pereyra grabbed his third goal of the season with a fine curling strike The average first-team salaries at every Premier League club in 2019 Every current Premier League club’s best kit from the past decade silverware latest Capoue was lucky to escape with only a yellow card Liverpool news live: Klopp reveals when Minamino will play and issues injury update Did Mahrez just accidentally reveal Fernandinho is leaving Man City this summer? Boxing Day fixtures: All nine Premier League games live on talkSPORT gameday cracker How Everton could look in January under Ancelotti with new signings SORRY 6 predicted How the Premier League table could change after the Boxing Day fixtures center_img Green reveals how he confronted Sarri after Chelsea’s 6-0 defeat at Man City Further chances fell to the Hornets, though they were just inches away from being pegged back as Benteke fired only just wide after a brilliant turn inside the area.However, Watford doubled their lead just moments later when Holebas sent a cross in from the left flank that evaded everyone and curled over Hennessey into the far corner.Zaha showed up with just over 10 minutes remaining to fire past Foster and halve the deficit, but there was not enough time remaining for the Eagles to secure a share of the spoils – with Ward sending a free header wide in the sixth minute of injury time.STAR MANRoberto Pereyra opened the scoring with a superb strike, capping a quite brilliant individual performance. He was a threat throughout, and did more than enough defensive work to help shackle Palace’s wide players. It has been a great start to the season for the Argentina international.MOMENT OF THE MATCHThe decision to show Etienne Capoue only a yellow card in the early stages undeniably changed the game. His challenge on Wilfried Zaha was red card worthy, but he was allowed to stay on the pitch. Palace’s indignation rose when Capoue assisted Pereyra’s opening goal in the second half. possible standings tense whoops Sky Sports presenter apologises for remarks made during Neville’s racism discussion revealed Most read in Premier League Zaha had a poor game but still scored a fine goal smart causal 6 The early stages were lacking in quality, but more than feisty, with bookings being dished out to Capoue and Zaha within a few minutes of each other.The first real chance went the visitors‘ way, but Foster did brilliantly to keep out a Benteke header from close range. The Watford keeper followed up a few minutes with an even better one-on-one stop from McArthur’s attempted finish.Pereyra then forced two saves from Hennessey as Watford started to regain control of the game, with Janmaat looking dangerous down the right. 6 It was the Dutch full-back who had the best chance in the final stages of the opening period, as after a nice one-two with Gray, Janmaat struck a fine effort only just wide of Hennessey’s far post.Watford grew into the ascendancy in the final stages of the first 45 minutes, and less than 60 seconds into the second period Gray, Hughes then Doucoure all had chances to score from inside the six-yard areaBut it was Pereyra who opened the scoring, driving at the Palace defence down the left channel before cutting onto his right foot and curling a beautiful finish around Hennessey’s outstretched arm into the bottom corner. LINE-UPSWatford: Foster, Janmaat, Cathcart, Kabasele, Holebas, Capoue, Doucoure, Hughes, Pereyra, Deeney (Success 90+4′), Gray (Sema 72′)Subs not used: Gomes, Prodl, Mariappa, Masina, FemeniaCrystal Palace: Hennessey, Ward, Kelly, Sakho, Van Aanholt, Townsend, Milivojevic, McArthur, Schlupp (Meyer 75′), Benteke (Sorloth 85′), ZahaSubs not used: Kouyate, Ayew, Kaikai, Guaita, RiedewaldMATCH STATSlast_img read more

Latest: Chelsea 1 Steaua Bucharest 0

first_imgChelsea are on course to finish top of Group E after Demba Ba’s 10th-minute goal at Stamford Bridge.Willian’s right-wing corner was headed on by Oscar and with Ba lurking, an under-pressure Daniel Georgievski appeared to knock the ball into his own net before replays showed that the Chelsea striker got the final touch.Already through to the Champions League knockout stage and knowing a victory would guarantee they progress as group winners, the Blues had made a strong start.David Luiz miscued after being found unmarked by Willian’s corner and the fit-again Oscar fired wide from the edge of the penalty area before the opener.Luiz, who has been nursing a knee problem, was recalled to the side along with Ashley Cole – the duo’s first appearance since the defeat at Newcastle on 2 November.Steaua Bucharest should have equalised when Gabriel Iancu sneaked in behind John Terry and had only keeper Mark Schwarzer to beat but dragged his shot horribly wide.But Chelsea have been dominant and would have scored again before the break had keeper Ciprian Tatarusanu not produced a reflex save to tip over Branislav Ivanovic’s close-range header from Eden Hazard’s cross.And Ba missed a great chance to double the lead early in the second half when he spooned a shot over after being teed up by Willian’s low cross.Chelsea: Schwarzer; Ivanovic, Luiz, Terry, Cole; Mikel, Lampard; Willian, Oscar, Hazard; Ba.Subs: Cech, Cahill, Ramires, De Bruyne, Mata, Schurrle, Torres.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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

Tottenham v Swansea line-ups: Spurs trio return, Davies dropped, one Swans change

first_imgEmbed from Getty ImagesKieran Trippier and Moussa Sissoko return to Tottenham’s starting line-up for the visit of Swansea to Wembley.Ben Davies drops to the bench as Tripper replaces Serge Aurier at right-back and Sissoko comes in for Mousa Dembele in three changes from the side that beat Borussia Dortmund in the Champions League in midweek.Dele Alli also returns as Aurier and Dembele take places among the substitutes, as does Fernando Llorente, who came on for his Spurs debut in the 3-1 group-stage win, and fellow summer signing Juan Foyth, who is yet to make an appearance.Mike van der Hoorn replaces Leroy Fer in Swansea’s only change from the team that lost at home to Newcastle. Loan signing from Bayern Munich Renato Sanches starts again despite a disappointing debut against the Magpies.Tottenham: Lloris; Trippier, Alderweireld, Sanchez, Vertonghen; Dier, Sissoko; Son, Alli, Eriksen; KaneSubs: Vorm, Aurier, Foyth, Dembele,Davies, Winks, LlorenteSwansea: Fabianski, Naughton, van der Hoorn, Fernandez (C), Mawson, Olsson, Clucas, Sanches, Carroll, Ayew, AbrahamSubs: Nordfeldt, Rangel, Roque Mesa, Fer, Routledge, Narsingh, Bony Follow West London Sport on TwitterFind us on Facebooklast_img read more

Pair of Spartans sign letter of intent with universities

first_imgRed Bluff >> Two Red Bluff Spartans signed letters of intent with universities Wednesday afternoon — Allyson Drury for softball at Western Oregon University and Wes Clawson at San Jose State University for baseball.Drury said she chose Western Oregon, which is between Eugene and Portland in Monmouth, because the university is community based and the small town supports the softball team by coming out for the games.Academics have always been important to Drury, so having the chance to attend …last_img read more

Altech UEC opens high-tech STB factory

first_img3 August 2011Technology company Altech UEC has opened a high-tech facility outside Durban with an annual manufacturing capacity of three-million digital set-top boxes (STBs), which are needed as South Africa and sub-Saharan African countries convert their television signals from analogue to digital transmission.With demand for STBs in South Africa expected to reach more than nine-million, and a further 30-million required for the rest of sub-Saharan Africa, the company has consolidated six buildings on two sites into a single, state-of-the-art, 13 500 square metre factory at Mount Edgecombe.“Our investment in this facility is in direct support of government policy,” Altech CEO Craig Venter said at the launch on Wednesday. “Not only are we employing people in the factory, but services such as packaging, delivery and installation will create tens of thousands of small business opportunities in the years to come.“In the process, people will acquire new skills, equipping them for the next wave of ICT innovation and development.”Economic spin-offs destined to be hugeVenter said the economic spin-offs are destined to be huge – from technical support to retailing – while the increased demand for broadcast content, especially regional-based programming, will create more jobs for local content producers and their supply chains.“New jobs will be created all down the delivery chain, while millions will be able to benefit from better education and communication through new electronic means,” said Venter. “Digital migration creates an opportunity to build a globally competitive export sector that is an objective of the [government’s] Industrial Policy Action Plan.”Venter said the new generation STBs would enable millions of people in South Africa and the wider region to access digital television.Resuscitating local research and developmentVenter said ICT innovation, driven by intellectual property, was a “cornerstone of global competitiveness”. There was therefore a need to resuscitate local research and development and, while a South African Silicon Valley might be far-fetched, poverty could only be eradicated by economic growth, which depended on competitiveness.“In a world where everybody has access to the same technological tools, competitiveness depends on how the technology is applied to harness information and create new knowledge,” he said. “People and countries who can meet these demands are the ones who succeed.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Rose to Enter Reds’ Hall of Fame

first_imgCINCINNATI — Pete Rose is headed into the team hall of fame in his hometown of Cincinnati, the Reds said Tuesday.The Reds’ announcement came after MLB commissioner Rob Manfred last month rejected Rose’s application for reinstatement. Manfred concluded that baseball’s career hits leader continued to gamble even while seeking to end the lifetime ban imposed in 1989 for betting on numerous Reds games while playing for and managing the team.The Reds’ team hall of fame induction is planned for the weekend of June 24-26. Rose, 74, began and played most of his career with his hometown team.The National Baseball Hall of Fame in 1991 adopted a rule keeping anyone on the permanently ineligible list off the ballot. Rose said after Manfred’s decision that he still held out hope he would one day be inducted into the national hall.Manfred said last month that his decision continuing the MLB ban was separate from any determination on National Baseball Hall of Fame eligibility. He added that while Rose remains banned from working for any major league team or minor league affiliate, he could make ceremonial appearances with the commissioner’s approval.At the time, Reds’ chief executive Bob Castellini said the club was pleased “to have opportunities to commemorate Pete’s remarkable on-field accomplishments.” He said any future celebrations involving Rose would be discussed first with the commissioner. Rose has rejoined his teammates from the 1975-76 world champions in recent years in on-field reunions and other ceremonies in Cincinnati.On Tuesday, Castellini said in a statement that inducting Rose into the Reds’ hall will be “a defining moment” in franchise history.“He is one of the greatest players to ever wear a Reds uniform and it will be an unforgettable experience watching him being honored as such,” he said.Rick Walls, executive director of the Reds hall of fame and museum, said “in front of his fans and with his teammates, ‘Charlie Hustle’ will be recognized for his contributions to the rich and distinguished history of the Reds.”The club’s hall of fame board chose Rose as the sole inductee for this year. Ken Griffey Jr., who will be inducted into the national Hall of Fame this summer, was among the latest inductees to the Reds’ hall, which has 85 members.It already has much of the “Big Red Machine” team including the late manager Sparky Anderson. Rose will be the last inductee from the regular starting eight of Johnny Bench, Joe Morgan, Tony Perez, David Concepcion, George Foster, Cesar Geronimo and Ken Griffey Sr.DAN SEWELL, Associated Press___TweetPinShare0 Shareslast_img read more

Flamini: I don’t have €30billion

first_imgMathieu Flamini I don’t have €30 billion in my bank account, insists Flamini Jamie Smith 07:04 3/31/18 FacebookTwitterRedditcopy Comments(1) Mathieu Flamini Getty Images Primera División Getafe v Leganés Getafe Premier League The former Arsenal and AC Milan midfielder has denied reports he has billions to spend due to his biochemical company Mathieu Flamini says reports he has €30 billion in his bank account are inaccurate.Forbes claimed the former Arsenal midfielder – now with Getafe in La Liga – had established the fortune through his company, GF Biochemicals, which produces levulinic acid.But the former France international denied that is the case and rejected suggestions he is the world’s richest footballer. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player “Well, it’s important to rectify things,” Flamini told L’Equipe.”Contrary to what I read, I do not have €30billion in my bank account.”And this sum does not correspond to the valuation of my company, GF Biochemicals.”Flamini explained how estimates had wrongly given him a personal fortune that would make him one of the richest people in the world.”In fact, [€30billion] is the total value of the market we want to ‘attack’ with the new technologies we have developed in recent years,” Flamini said.Such an honour to have been invited to speak about bioeconomy among experts in the field, at the conference organised by the European Commission and Bio Based Industry’s Consortium. #athlete in #sports supporting #Sustainability pic.twitter.com/quxPQCfBjp— Mathieu flamini (@mathieuflamini) December 7, 2017″There was a misunderstanding. It’s as if we had given a single restaurant the value of the entire catering market in France.”Asked directly if he is a billionaire, Flamini said: “Oh no, not at all.”I’m sorry about this story because I did not go into this business to make money.”last_img read more