Only bright spot GEELONG, Australia (CMC): West Indies opener Kraigg Brathwaite is hoping to continue his good form when he faces the rampaging Australians in the second Test of the ongoing series starting in Melbourne on Boxing Day. The 23-year-old made a boundary-studded 94 in the second innings of the first Test as the Windies lost at Hobart. It was a stand-out innings as he fell just short of what would have been a fifth Test century in the space of 18 months. He is looking to build on that and notch three figures when the two teams line up for the historic second Test at the iconic Melbourne Cricket Ground. “Playing in Australia is a dream come true. As a little boy growing up in Barbados, and when I went to Combermere School, you heard a lot about cricket and the huge significance of the Boxing Day Test match. Now I have the opportunity to play in the event. It is something I’m really looking forward to,” he said. “I’ve heard it’s a magnificent stadium and a lot about the history, and especially the West Indies’ rich history there as well. For me, this is one of the ‘big’ Test matches.” With West Indies sliding to defeat in Hobart, the right-handed Brathwaite launched an assault on Australia’s bowlers, hammering 13 fours and a six in a cameo 122-ball knock. The innings was the only bright spot for the tourists as they were dismissed for 148 to lose by an innings and 212 runs. “I played well in the second innings in Hobart and I felt I hit the ball really well. It’s all about getting a start here in Australia,” Brathwaite explained. “You have to give yourself a chance. You have to graft and dig in. I didn’t get a ‘start’ in the first innings, so I was determined to get a big score in the second innings. “I managed to get myself in and went on and played my shots. I was quite happy to get a score. I still want to keep working hard. It’s still about going out there and getting a start and going on.” Brathwaite’s four Test centuries have come in contrasting conditions. His maiden century was 129 against New Zealand in Trinidad in June 2014, followed by a career-best 212 against Bangladesh in St Vincent three months later. He then gathered a dogged 106 against South Africa in the Boxing Day Test last year while his fourth was 116 against England in Grenada in April. Despite the heavy loss in Hobart, Brathwaite said the mood in the camp remained upbeat as they prepared to face a Victoria XI at the Simonds Stadium in a two-day warm-up match tomorrow and Sunday. “We’ve had two sessions thus far, and the team spirit is quite good, and we just have to keep going from strength to strength,” Brathwaite said.
A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing money supply in the nation, and usually also prints the national currency, the nation’s legal tender.The earliest semblance (appearance) of a bank controlling money in a country was created in the Song Dynasty in China. It was the first to issue generally circulating paper currency. The Yuan Dynasty was the first to use notes as the predominant circulating medium. The medieval (of the Middle Ages – from the 5th to the 15th century) European Knights Templar ran an early prototype of a central banking system, as their promises to pay were widely respected. Many believe this laid the basis for the modern banking system.The European Central Bank (ECB) and the Federal Reserve of the United States are examples of a modern central bank. The primary function of a central bank is to manage the nation’s money supply (monetary policy), interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.The Bank of Amsterdam, established in 1609, is considered to be the forerunner to modern central banks.The Bank of England, the model on which most modern central banks are based, was devised by Charles Montagu, 1st Earl of Halifax, in 1694.The US Federal Reserve was created by the U.S. Congress through the passing of The Federal Reserve Act in the Senate and its signing by President Woodrow Wilson on December 23, 1913. Australia followed in 1920, Colombia, 1923, Mexico and Chile, 1925 and Canada and New Zealand, following the Great Depression, 1934, and Brazil in 1965. African and Asian nations established central banks after independence. Liberia established the National Bank of Liberia in the 1970s and its Central Bank in 1979.The People’s Bank of China became the country’s Central Bank in 2000 after the adoption of a generally capitalist approach to its export economy.Central banks usually also have supervisory powers, in order to prevent bank runs and to reduce the risk of commercial banks and other financial institutions engaging in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.But NEVER in history has any Legislature or Congress been directly involved in minting (making) currency. They have neither the skill nor expertise for that; rather, it is economists and others versed in monetary matters that do.So Liberian Senator Armah Zulu Jallah’s statement that the Legislature “made an error by allowing some of its constitutional functions to be taken over by the Central Bank” is nothing short of preposterous (absurd, laughable). Even more laughable was his assertion that the Legislature had “reserved the authority to print currency.”Let us make it clear, however, that it is not the CBL’s designated responsibility to mint currency that irks (bothers) the Legislature. Had it been simply that, both Houses would not have gone so far as to attempt punishing the CBL Governor and his Board of Directors and staff by banning them from contesting the forthcoming elections. No, it was the CBL’s empowerment of impoverished Liberians, who otherwise had absolutely NO access to credit, that terribly bothered the Legislators. Why? They reckoned that by reaching out to what Jesus called “the least of these, my brethren,” something without historical precedence, CBL Governor Mills Jones, his Board and staff had gained tremendous political capital, making every Senator and Representative nervous. Hence the unanimous vote in the Senate, and the overwhelming concurrence in the House to bar anyone from the CBL from contesting in the forthcoming elections.What these Legislators do not realize is that the Central Bank has the authority to improve and stabilize the Liberian economy and make credit democratically accessible. In a country ravaged by fratricidal strife because of POVERTY, what better way to stabilize economy than by reaching out to the poor and underprivileged, in a deliberate attempt to bring them into the money economy. Who else can do that except that body created and authorized to manage the nation’s money?This is aside from the REALITY ON THE GROUND: THE LIBERIAN ECONOMY IS DOMINATED BY FOREIGNERS, DUE CHIEFLY TO THE LACK OF CREDIT AMONG LIBERIAN NATIONALS.That is why the Daily Observer has asked, ON WHOSE BEHALF IS THE SENATE ACTING?The answer is clear: they are acting–so they think–on their own behalf because they fear political competition; and also on behalf of foreign interests whose financial support would be GUARANTEED if the Legislators maintain the status quo: the continued foreign domination of the Liberian economy and Liberia itself.Fortunately, the people are already shouting their disapproval and rejection. So far, the Daily Observer has published statements from at least eleven groups who have already spoken out against the bill: the Liberian National Student Union (LINSU), the Liberian Electoral College, the Motorcyclists Union, the Concerned Students Movement of Liberia, Progressive Students Alliance of Liberia, the Patriotic Intellectuals of Liberia, the Movement for Justice in Liberia, Consortium of Intellectuals in Liberia, and the Criminal Justice Student Association, the Rural Dwellers Consciousness Movement of Liberia and the Liberia Labor Congress have spoken, as well as constitutional lawyer TiawonGongloe. It is also our understanding that student unions from every major university across the countryhave also spoken out against this bill.Fellow Liberians, the die is cast. We must peacefully but forcefully resist the tyranny of the Legislature. If we do not, they will continue to arrogate unto themselves more and more power, paving the way for a violent eruption of anger and frustration.We call upon the President of Liberia, Madam Ellen Johnson Sirleaf, to without hesitation veto this bill.We also call upon the Supreme Court, to use the “power of judicial review” given it by Chapter 1, Article 2 of the Constitution of Liberia, “to declare any inconsistent laws unconstitutional”.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
Dear Editor,It seems that for anything to happen in this country, there must be a struggle, an outcry, and then, lo and behold, like the hero, the Government intervenes and then it looks good.In the past, it appears that Govt created the problem (recall VAT on education, reversal of Skeldon Estate closure, parking meter fiasco etc.), anticipated an outcry, then appeared like the problem solver.Enough of the PR stunts, let’s get on with this nation building process.Ethnic Relations CommissionAfter lingering in the Parliament for almost a whole year, then prior one year consultation, Guyana finally saw some agreement from both sides of the house, as 10 names were approved. Getting such an agreement should be seen as a blessing, since there are many disagreements in Parliament. Mr Norton did his part, the MPs did their part, now it is up to the President to do his part.It appears that there needs to be an outcry for the swearing in of these commissioners, like there was for their approval.This nation needs healing, politics aside, Mr President. Walk the walk. Your speeches are inundated with a vision for unity, social cohesion and cooperation, so when are you going to get the ball rolling?Alexis Sinclair
Oil sector…wants consultation before T&T MoU signingThe Georgetown Chamber of Commerce and Industry (GCCI) said it wants to be consulted first before the Government of Guyana moves ahead with signing a Memorandum of Understanding (MoU) with the Government of Trinidad and Tobago, as this could possibly open the flood gates for foreign companies to take over the oil industry.This was the expressed view of President of the GCCI, Deodat Indar, who told a news conference on Wednesday that Guyanese businesses are already being sidestepped and instead contracts have been awarded to foreign-based companies to benefit from the local oil sector. But the GCCI wants the local Private Sector to get its “piece of the pie.”“We don’t have a policy, we don’t have any legislation for local content (policy) but yet we are going and do these MoUs. I think that they should wait. I’m asking Government to hold on this. Let the Private Sector see what the verbiage is in this, so that we would know it would not be adverse to us,” he said.It was recently reported that a MoU on energy cooperation between Guyana andGCCI President Deodat IndaarTrinidad is expected to be signed in the coming weeks. Since 2016, discussions commenced between Guyana and Trinidad on a MoU under which T&T would provide various forms of support to the oil and gas sector in Guyana.As such, Indaar revealed that the GCCI has put together its own draft local content legislation/policy which has been dispatched to both the Government and the Opposition. This document was sent to President David Granger, Business Minister Dominic Gaskin, Attorney General Basil Williams as well as Opposition Leader Bharrat Jagdeo.As part of that proposal, it said Guyanese companies must have 51 per cent ownership, the holding of board meetings must be in Guyana, 70 per cent of the staff must be Guyanese and its head office must be located in Guyana.“We are Guyanese taxpayers and we believe that we should be given first consideration. That is what our (draft) legislation has inside. Not first preference. It does not go against any established law, no Competition Act or World Trade Organisation rules,” he said, while noting that there is now greater need for a Local Content Policy.Indar lamented over the fact that several of GCCI members had submitted expressions of interest and most of them to date have not received a response. The GCCI, he said, hopes that the Government accepts the document in good faith and puts mechanisms in place so that foreign companies are legally obligated to purchase locally.Meanwhile, GCCI Senior Vice President, Nicholas Boyer, who has responsibility for petroleum said the Government’s draft policy does not provide a clear understanding of the definition of a local company, nor does it include reporting mechanisms to ensure the operators are actually purchasing from the local economy.The GCCI’s draft legislation proposes a more concise definition of Guyanese citizens and companies, he said. Boyer also warned that with the absence of aGCCI Senior Vice President Nicholas Boyerstrong policy and legal framework, then it could affect the chance of Guyanese business having a fair chance at this sector.He said it could also result in companies skipping joint ventures and partnerships with Guyanese companies. But according to the GCCI Vice PREsident, joint ventures and partnerships allow for transfer of technology, information and the growth of capacity in Guyana.He also cited an issue where the twin-island republic was called upon to scrap legislation that prevents foreign honey, to transition to that island and other countries. This archaic law has seen in the past, Guyanese honey being seized.The GCCI has guaranteed that Guyanese businesses have the capacity to supply high quality services and goods to oil companies coming here. This include a whole host of services including: logistics, catering, and freight forwarding, among others.As ExxonMobil prepares to officially commence production in 2020, there is much preparatory work currently ongoing, which requires services tailored to the specific needs of the industry.The draft local content policy has been criticised in recent months for lacking provisions which would safeguard against exploitation by companies, especially since there have been intensified reports of the local companies being bypassed for contracts and services with foreign companies being favoured.The document does not cater for issues such as how to avoid procurement fraud, conflict of interest and favouritism, among others.Business Minister Dominic Gaskin has said that the second review of the local content policy is expected to be completed by the first quarter of next year. (Samuel Sukhnandan)
As Guyana today joins the rest of the world in celebrating Christmas, both the Government and Opposition have, in separate messages to the nation, urged Guyanese to work together to spread peace and goodwill.Both the Government and the Opposition have also urged Guyanese to reflect on the true meaning of Christmas.President David Granger, in his message on behalf of the Government, has said the sacred festival of Christmas that celebrates Jesus’s birth – in a lowly manger, a long time ago in the town of Bethlehem – was a sign of the divine desire for worldwide peace, and of compassion for the common folk.The Head of State said Christians and non-Christians alike can observe this festival by promoting peace and goodwill between each other – in homes, factories, fields, offices and neighbourhoods.“Let us embrace the universal values of peace and goodwill, and extend to everyone the Guyanese tradition of hospitality this year and in the future. Let us all work together,” the President said.The Opposition People’s Progressive Party/Civic (PPP/C) Christmas message reflected on the reason for the season, stating that Christmas is well known for a time when families gather and affectionately embrace friends and neighbours, and warmly share the joy of the season.“Our children especially look forward to the treats, the gifts, and of course the special dishes. It is in this spirit that the People’s Progressive Party Civic (PPP/C) extends Christmas greetings to all Guyanese, and more particularly our brothers and sisters in the Christian Community,” the party said in a statement.The PPP/C also noted that the birth of the Christ child was meant to revive hope and turn sorrows and mourning into celebration, knowing that the world would no longer be in darkness because a bright star did appear to guide mankind to new hope.“In the journey of Jesus’s life from abject poverty and a mere unknown born in a manger to a life of becoming an ineffable figure, he crossed barriers, broke down walls of prejudice, embraced the outcasts, defended the voiceless, and engaged the powerful; and by doing so, he brought salvation to the whole world,” it added.The party has said that during this season, the elderly, differently-abled, and underprivileged will be specially remembered. It also encouraged Guyanese in their caring and sharing to extend their arms to even a stranger.“In the true Guyanese spirit, as a multi-cultural, multi-ethnic and multi-religious society, the message of love is apt.The People’s Progressive Party/Civic joins with all Guyanese in the celebration of the birth of the Christ child, while reflecting on its true meaning and significance. Merry Christmas!”
Gilliland and Rudd were the only drivers to lock down their starting spots under a complicated qualifying procedure for NASCAR’s biggest event of the year that was marred when Matt Kenseth and Kasey Kahne’s cars failed inspection and Michael Waltrip’s was impounded because of a suspicious part. The top 35 drivers from 2006 are assured a spot in the 500, but their starting position will be determined by a pair of qualifying races Thursday. It leaves eight other spots to fill, and 26 drivers are vying for them. Dale Jarrett is guaranteed one of them by virtue of the past champions provisional, as are the three fastest drivers in qualifying from that group. That caveat promised Boris Said, Sterling Marlin and Johnny Sauter spots in the race. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! David Gilliland and Ricky Rudd won the top two starting spots Sunday in qualifying for the Daytona 500 and put Yates back on the racing map after a horrendous season. “There was a time last year when I felt like I maybe was the problem, and wasn’t in love with it and really wanted to leave (racing),” Yates said. “I could have walked out of here last year. I want this next year to get this thing up, get the sky that was falling on us, get it up.” That dark time saw Yates lose his drivers, a sponsor and both of his crew chiefs in a tumultuous year during which the once-proud team collapsed to the point that Yates was convinced he was dying. But just like a true racer, the car owner refused to close shop and fought to keep the family business on the track. He handed the keys to his two cars to Gilliland, an unproven rookie, and Rudd, the Iron Man of NASCAR who spent last year out of racing and mowing the 30 acres of grass on his North Carolina farm. They proved Sunday there’s life in this Yates team, after all. Gilliland turned a lap of 186.320 mph to win the pole, and Rudd was right behind at 185.609 to put themselves on the front row for the season-opening Daytona 500 next Sunday. “It’s like a dream that I’m afraid to wake up from,” said Gilliland, coming off Saturday night’s second-place finish in the exhibition Budweiser Shootout. DAYTONA BEACH, Fla. – Robert Yates Racing went from skid row to the front row and emerged from the darkest season in team history to take the Daytona 500 spotlight. At least for a week.
Three drivers in the NASCAR Craftsman Truck Series have strong Southern California ties. Brendan Gaughan, Ron Hornaday Jr. and Tyler Walker all started their NASCAR careers racing on the West Coast. Gaughan, driver of the No. 77 Chevrolet Silverado for South Point Racing, won two NASCAR West Series championships and a number of races at Irwindale Speedway before making the jump to the Truck Series and a stint in the Nextel Cup Series. Hornaday won two NASCAR Southwest Series championships before moving up to the Truck Series and winning two more championships. He was a track champion at Saugus Speedway before moving up to the NASCAR touring divisions. He currently drives the No. 33 Chevrolet Silverado for Kevin Harvick Inc. “Going to California is always good for me because of the fans; the racetrack is close to my hometown,” said Hornaday, who holds the record for Truck Series career wins. “In the last California race we lost the master cylinder and had no brakes. Heading into the second race with a seventh-place finish at Daytona, is a good way to start the season off.” Walker drives the No. 36 Toyota Tundra for Bill Davis Racing. Walker, who graduated from Granada Hills, was the highest qualifying rookie in the Truck Series race at Daytona International Speedway. He started the race sixth. Walker made 19 Busch Series starts in 2005 and posted seven top-20 finishes. “I’ve waited for an opportunity like this for a long time, and I plan to make the most of it,” Walker said. “Bill Davis’ entire organization is top-notch, and the Bill Davis Racing NASCAR Craftsman Truck Series program is, in my opinion, the best one out there. With trucks from BDR, and teammates like Johnny Benson and Mike Skinner and 360 OTC behind me, I can’t imagine how I would ever have a better shot at success in NASCAR.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Gaughan has made five career Truck Series starts at California Speedway, collecting two top-10 finishes. But Gaughan said he feels like he should have at least two wins at the Fontana track. “California Speedway has always been a really great race track for the South Point Racing team,” Gaughan said. “It’s always been a great track for me – going back to my Winston West days when I won there. I’ve had that truck race won twice and twice we had it taken away from us last minute – we had a flat tire once and then finished third the other year. This year, I want to close the deal.”
Add to that there is no real enforcement mechanism through the international court, Dade said.“The only thing the ICJ gives you is the ability to go from saying, ‘Please give us access’ to ‘Pretty please give us access.’”This report by The Canadian Press was first published Nov. 3, 2019. However, it goes on to say that terms “shall be agreed between the landlocked states and transit states concerned through bilateral, subregional or regional agreements,” and that transit states have the right to ensure their “legitimate interests” aren’t infringed upon.“It’s not an unqualified right. They can’t just say, ‘OK, we need to get through here,’” said Silvia Maciunas, a fellow at the Centre for International Governance Innovation in Waterloo, Ont.“They have to talk to the other state, which would be Canada.”The “means of transport” in the convention refers to railways, waterways, roads and even porters and pack animals, but the treaty specifies that landlocked and transit states would have to agree to add pipelines to the list.Advertisement Lauren Krugel, The Canadian Press Landlocked countries such as Ethiopia and Switzerland have long had agreements to use ports in other countries.Bolivia, on the other hand, lost its ocean access in a war with Chile in the 1800s and has been fighting to regain it ever since. The International Court of Justice in The Hague ruled last year that Chile has no obligation to engage in talks with Bolivia.“Had the court ruled in the favour of Bolivia, Chile would have theoretically been obligated to enter into ‘good faith’ negotiations, whatever the heck that means,” said Carlo Dade, director of the Trade and Investment Centre at the Canada West Foundation.“You can imagine how that would play out up here if Alberta, Saskatchewan leave … We’ve seen enough out of B.C. to know how that would play out,” said Dade.The British Columbia government has resisted, primarily through court actions, the Trans Mountain pipeline expansion that would triple the amount of crude shipped between Alberta and the Lower Mainland.Advertisement CALGARY — International trade experts say it’s a pipe dream to think the landlocked oil-producing western provinces would have an easier time getting their product to international markets if they were to split from Canada.“Wexit” — an apparent play on the word “Brexit” used to describe the United Kingdom’s planned departure from the European Union — was trending on social media after the Liberals secured a minority government in last week’s federal election, but were shut out of Alberta and Saskatchewan.Peter Downing, a founder of the western separatist movement that wants a referendum on separation, has said an independent country in the middle of the Prairies could leverage the United Nations Convention on the Law of the Sea to gain coastal pipeline access. – Advertisement -“We have more freedom as an independent country to get our resources to the coast than as part of Canada,” he said the day after the election.“We’ll have the best of both worlds: We’ll keep our money and we’ll have access to the coast.”The UN convention, adopted in 1982, does say that “landlocked states shall enjoy freedom of transit through the territory of transit states by all means of transport.”Advertisement
Liverpool have been busy in the transfer market this summer and, after securing several big signings ahead of the new season, manager Brendan Rodgers is looking to the future by signing teenage attacker Allan Rodrigues de Souza.Brazilian Allan joins countrymen Phillipe Coutinho, Lucas Leiva and summer signing Roberto Firmino at Anfield, following a £500,000 move from hometown team Internacional.As a club Liverpool aren’t shy of throwing youngsters in at the deep end, talkSPORT’s Transfer Spotlight profiles the Kop’s next potential prodigy…Name: Allan Rodrigues de SouzaDate of birth (Age): 03/03/1997 (18) Birthplace: Porto Alegre, BrazilPosition: Attacking MidfielderClub: LiverpoolWhat’s the latest?Liverpool moved quickly to seal a deal for the 18-year-old attacking midfielder after he impressed at a youth tournament for Internacional. After completing the £500,000 move, Allan joined up with the first team on their pre-season trip to Finland, where the youngster was an unused sub in the 2-0 win over HJK Helsinki.The lowdown1. Allan first caught Liverpool’s eye at the Frenz International Cup held in Indonesia and Kuala Lumpar earlier this year. The trickster’s happy knack of scoring long-range belters helped him captain Brazilian side Internacional to the title.2. Internacional have a fine recent record of producing top class attacking talent. Current Brazilian internationals to have left the club in recent years include Leandro Damião, Luiz Adriano, Oscar and Fred.3. Allan will likely link up with the club’s U21 side, who finished second in the 2014/15 Barclays Under 21 Premier League, four points behind winners Manchester United.Video evidenceComfortable on the ball and not afraid to strike from distance, Allan almost looks like a carbon copy of compatriot Coutinho. 1 Allan Rodrigues de Souza
1 Roberto Martinez expects Phil Jagielka to make his return from injury in one of Everton’s next three games.The Toffees skipper suffered medial knee ligament damage in the October 24 loss to Arsenal and has spent the past nine weeks on the sidelines having previously started in every game this term.Blues boss Martinez has now confirmed he is nearing the end of his rehabilitation and says Jagielka is in line play in one of the Merseyside club’s next three games, against Tottenham, Manchester City or Dagenham. “The next three days are very important for Phil Jagielka,” he said.“I think the weekend could be a bit too early but we’ve got the next three games. He will be involved – if it’s not the Spurs game or the Man City game in the (Capital One) Cup, it will be in the FA Cup third round. I would say in the next seven to 10 days.“We need to make sure he gets to the final stage of his preparation. Medically he’s got the green light, now it’s making sure he gets a good programme to get him match fit.“In the dressing room he’s a lively character that we’ve missed immensely, but we need to make sure he’s at 100 per cent before he can come back into challenging for a position in the team.”Everton have only lost twice without the England international at the heart of their defence, yet they have only kept three clean sheets in those 11 games and have shipped seven goals in back-to-back home defeats to Leicester and Stoke.Teenager Brendan Galloway, John Stones and Argentinian Ramiro Funes Mori, 21 and 24 respectively, have played the bulk of the games since October and Martinez believes the imminent return of the 33-year-old Jagielka will help plug the gaps in his leaky defence.“Defensively we are conceding too many goals for our liking and there are reasons for that,” he stressed.“Clearly, this month is going to be very, very important. We’ve got our captain coming back into the side which is always important – more than anything for the influence he can have on young players. We have a back four with a lot of quality, a lot of talent but you need that little bit of experience. There’s a 19-year-old, 21-year-old, 24 coming from a different league – that takes a little bit of time.“As a team we know that we are not far off becoming a really, really strong team. Our performances going forward and our performances in between the boxes have been very impressive.“It’s just defensively we are putting ourselves in a very difficult position to get the scorelines reflecting what happens in our performances. That’s what we’re looking to improve, to become better and make sure the second half of the season we get the rewards from all the pain we’ve had to suffer in the last few weeks.” Phil Jagielka