Setting the record straight: What the APNU/AFC really inherited from the PPP/C in 2015

first_imgDear Editor,During the TV programme Square Talk, televised on Monday, August 26, 2019, an obviously irate caller, annoyed with the host, Kwame Mc Coy, for saying that the Granger Administration had done nothing constructive for Guyana since taking office, asked “What did the APNU inherit from the PPP?” This loaded question was meant to justify the non-performance of the Granger Administration by insinuating there wasn’t much they could have done with a “bankrupt” economy.Sadly, this caller was one of the many mindless PNC/APNU apologists who are unwilling to think for themselves, and prefer to repeat the mantra started by the caretaker President himself when he announced in the National Assembly that his Government inherited a “depressed economy” from the PPP/C in 2015. As we approach another national and regional election, it is, therefore, necessary to once again set the record straight by reminding everyone what the Guyana economy was like when the PPP/C demitted office, and why the PPP/C is the best choice, the most experienced, the most knowledgable with the best leadership to rebuild this economy when this caretaker President and his minions are through depleting the treasury.In 1992, the Guyana economy was bankrupted. The then Finance Minister, Carl Greenidge, can testify to this. The country’s infrastructure was in a state of disrepair. Schools and hospital buildings were dilapidated and unfunded. Basic food items and pharmaceuticals were in short supply. And foreign currency was unavailable for the importation of vehicles, equipment, spare parts or anything else. 153 per cent of the country’s revenue was used to service foreign debt. In May 2015, this was reduced to just 5 per cent. The road to economic recovery came with a heavy price tag and lots of sacrifices. Over its 23 years in Government, the PPP/C paid off US$3 billion in external debts that the PNC had accumulated during its 28 years in Government. It took prudent management of our resources by successive PPP/C Administrations to rebuild Guyana to the robust economy David Granger inherited in 2015, and it was done without waiting for oil revenue.From 2006 to 2014, the Guyana economy was the fastest growing in the region with a continuous positive growth rate of 4.5 per cent per annum. This was also the longest period of uninterrupted economic growth in the history of independent Guyana. By contrast, due mainly to poor management and excessive spending, this growth rate declined to 3.1 per cent in 2015; 3.4 per cent in 2016; 2.1 per cent in 2017 and 3.4 per cent in 2018. (https://countryeconomy.com/gdp/guyana). In 2014, the last full year of the PPP/C in office, Guyana’s total international reserves were US$668 million. By March of last year, that amount fell to US$518.5 million. At the end of 2014, gold reserves in the Bank of Guyana totalled $25 billion. In June 2018 this amount was reduced to $3.1 billion, and today, this has further dwindled to a disturbingly low $589 million.In 2014, the last year that the PPP produced a budget, the total tax take by the GRA was $135 billion. Since 2015, the Granger Administration has introduced over 200 new tax measures on the backs of ordinary Guyanese, raking in $223 billion in taxes, that’s $88 billion more in tax revenue on an annual basis. At the end of 2014, the total assets held at commercial banks were $421.8 billion. Commercial banks were therefore in a position to provide substantial credit to the Private Sector. Interest rates in 1992 were 35 per cent. By the end of 2014, Interest rates had reduced to 10.8 per cent, much more favourable to those borrowing. At the same time, our exchange rate was very stable. It was $206 to US$1.00 in 2014, compared to $216 to US$1 today. In addition, the APNU/AFC coalition borrowed over US$900 million, US$600 million of which was funded by the local banking system, adding to the national debt and making it difficult for ordinary citizens and the Private Sector to borrow money from commercial banks.These figures, however, do not tell the whole story. The strides by the PPP/C were made in a very hostile environment by the then political Opposition, the APNU/AFC. One must recall the riots and destruction by fire after the 1992, 1997 and 2001 elections when businesses suffered millions of dollars in damage. These were clear attempts to destabilise our country.And we must not forget that the last three years of the PPP/C Government were even more difficult. The APNU and the AFC displayed their total anti-developmental and anti-national side. They used their combined one-seat majority to block every developmental project including the Amaila Falls Hydro Electricity Project and the Specialty Hospital Project. They voted against paying Government workers, voted to cut the capital budget of the Ministry of Works and the Ministry of Amerindian Affairs. They voted against money to help the sugar industry to restructure and mechanise more of its operations in the field and factory, just to name a few. The achievements were made in very unfavourable international circumstances as well. One may recall the destructive financial and economic crisis that gripped the world at the beginning of 2008 and lasted until 2012. That crisis affected our entire region, including our major trading partners. But impressive as the PPP/C Government was in the economic sphere, it was not all they managed to achieve. The PPP/C had secured US$250 million under the Guyana/Norway partnership on climate financing. Of this, US$190 million was already earned and only US$40 million disbursed to projects at the end of 2014. The APNU regime, therefore, had a lot of money to spend. More than US$500 million of resources were already secured to finance developmental projects. These included US$30 million for China Exim Bank to construct a new airport; US$66.2 million from the Inter-American Development Bank (IDB) to fund a road network upgrade and expansion project; US$64.6 million from the IDB and EU to fund a power utility upgrade programme; US$50 million from the India Exim Bank to fund the East Coast to East Bank bypass road; US$34.4 million from the Caribbean Development Bank to fund the West Coast Demerara highway upgrade project; US$31.7 million from the IDB and EU to fund a water and sanitation infrastructure improvement project; US$15 million from IDB for a new Citizens Security project; US$12 million from the World Bank for a Flood Risk Management project; US$10 million from the World Bank for a new Secondary Education Improvement project; US$10 million from the World Bank for the University of Guyana’s Science and Technology Support project; US$7.5 million from the Caribbean Development Bank to fund a sugar industry mechanisation project; and a firm commitment from the Indian Government to help in the re-capitalisation of the sugar industry.The above projects and figures were sourced from several credible online financial institutions including the Bank of Guyana and the World Bank. Former President Donald Ramotar also contributed and alluded to most of these facts in a letter, “Under the PPP/C, Guyana had the fastest growing economy in the region”.Apart from the dynamic investments above, the PPP/Civic Government had secured not just growing local private investments, but some important foreign direct investments into our economy, many of which are now contributing in driving our economy. The following are some of these investments that came into commercial operation at the end of the PPP/C Administration, or shortly thereafter: Major oil and gas exploration activities, these included Exxon/Esso, Repsol and CGX; three major gold mines were ready to commence commercial operations, namely, Guyana Gold Fields Ltd/AGM, ETK/Sandsprings and Troy Resources. Mining of other minerals including Reunion Manganese and First Bauxite; a large scale agricultural project in the Rupununi – Santa Fe farms; two large information and communications technology investments – Qualfon and Teleperformance. The performance of the PPP/C Government, therefore, generated great confidence in both local and foreign investors. The above is a snapshot of the robust economy that the PPP/Civic left. Our economy was clearly strong and growing fast despite the Opposition and any challenges it encountered.The APNU regime took over at a time when Guyana was leading the rest of the region. This regime had a very sound foundation on which to build upon. They screwed up big time.Sincerely,Harry GillPPP/C Member of Parliamentlast_img read more

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Cold dog’s owner finds warm hearts

first_img“We just felt it was important to do this because it was so unbelievable how disgusting people could be,” Sullivan said. Sullivan said a neighbor who reported the burglary in progress could be eligible for a $1,000 reward from Lancaster city government for providing information leading to the arrests of five suspects in the case: a man, 20, and four minors, all from Lancaster. The reward is given in a conviction. Anyone with information about a suspected burglar or robber can call the sheriff’s tip hotline at (661)948-COPS. “I hope something good can come out of this whole incident,” Sullivan said. “If people see something that’s not supposed to be happening, call us.” gideon.rubin@dailynews.com (661) 267-7802160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Holzer said she was overwhelmed by the deputies’ presentation Wednesday morning, noting that she had only been told in advance that station employees purchased toys for her dog. “It means a lot,” Holzer said. “The generosity in the Sheriff’s Department has been amazing, and it’s not just them. A lot of people have helped.” Edwards Air Force Base employees cooked dinner for her and repaired a broken door lock. A San Fernando Valley-based security company installed a free alarm service on Saturday. The $800 was raised by sheriff’s Deputy Melissa Sullivan and her partner, Deputy Lee Schriever, who responded last week to reports of the burglary at Holzer’s home. Sullivan found Roxy in the freezer. Sullivan said the donations she and Schriever collected far exceeded the goal of raising a few hundred dollars. A gift bag of toys for the dog also was presented to Holzer. LANCASTER – The contributions keep coming for the victim of a Lancaster burglary in which cold-hearted culprits put her Chihuahua into a freezer. Kimberly Holzer, a Lancaster woman whose tiny 2-year-old pet Roxy survived being left in an industrial freezer when Holzer’s home was burglarized on Jan.31, was presented $800 this week from Lancaster sheriff’s station employees. Holzer’s east Lancaster home was ransacked during the burglary, and the intruders destroyed $600 worth of new maternity clothes. The wife of an Air Force technical sergeant stationed in Afghanistan, she is pregnant with twins. last_img read more

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Justice delayed

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The point of having ethics laws is to make sure our elections are honest and our politicians are honorable. But if takes years to punish offenders, and then only with a slap on the wrist, L.A.’s ethics laws just become part of the cost of doing business. Unenforced laws and weak enforcement are no better than no laws at all. THE announcement by the Los Angeles City Ethics Commission that Mayor Antonio Villaraigosa violated campaign laws 31 times during his City Council race four years ago raises important questions. Chief among them is: Why does the city even have an Ethics Commission? When it takes four years to issue charges, is there really any point to what the commission does? Why even bother to point the finger at the lengthy list of violations of the law by Villaraigosa’s campaign – what possible good does it do now? Villaraigosa moved on to become mayor without the public having the benefit of the knowledge that two years earlier he cheated on campaign rules. And what will be his punishment be – a fine paid for by the same people who have sought to buy “access” to him? last_img read more

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Coutinho scorcher gets Liverpool back on track

first_img0Shares0000Liverpool midfielder Philippe Coutinho (L) celebrates after scoring his second goal from a freekick during the English Premier League football match against Leicester City at King Power Stadium in Leicester, central England on September 23, 2017LEICESTER, United Kingdom, Sep 23 – Philippe Coutinho marked his first Premier League start of the season with a superb goal as Liverpool returned to winning ways by edging Leicester City 3-2 on Saturday.Coutinho submitted a transfer request on the eve of the season, only for Liverpool to block his move to Barcelona, and he began the atonement process with a glorious 23rd-minute free-kick. Further goals from Mohamed Salah and skipper Jordan Henderson helped Jurgen Klopp’s side register a first win in five attempts and avenge their mid-week loss to Leicester in the League Cup.But victory so nearly eluded them at the King Power Stadium. Shinji Okazaki and Jamie Vardy replied for Leicester and the latter then saw a 73rd-minute penalty parried by Liverpool goalkeeper Simon Mignolet.Liverpool climb to fifth place, five points below leaders Manchester City, while Leicester sit 16th, above the relegation zone on goal difference alone.Predictably, Klopp made seven changes to the side that went out of the League Cup earlier in the week, but Coutinho retained his place.Okazaki had shone in Leicester’s 2-0 win on Tuesday and was rewarded with a place in Craig Shakespeare’s starting line-up.The visitors applied the early pressure, Emre Can forcing Kasper Schmeichel into a save from a narrow angle in the first minute.It was a sign of things to come as both sides enjoyed chances in a frantic opening period.Okazaki set Vardy away down the left flank and although Mignolet could only palm his shot across goal, Riyad Mahrez scooped the rebound over the bar.Liverpool should have taken the lead after Can rattled the base of Schmeichel’s post with a 20-yard shot, but with the Danish goalkeeper lying helpless on the ground, Salah contrived to shoot wide.The Egyptian made amends in the 15th minute as he got on the end of Coutinho’s cross and powered a far-post header past Schmeichel to open the scoring.The home side came close to a reply three minutes later as Vardy chased down an attempted Mignolet clearance and the Belgian goalkeeper did well to divert Okazaki’s shot wide.– Okazaki stabs in –Instead the visitors went further ahead from Coutinho’s free-kick, the Brazilian curling his effort brilliantly over the wall and past the despairing dive of Schmeichel in the 23rd minute.The half ended as it had started with a flurry of chances at both ends.Leicester looked like they had pulled a goal back shortly before half-time as Okazaki squeezed the ball past Mignolet, only to see it ruled out by an errant offside flag.Liverpool were inches away from extending their lead still further when Coutinho came agonisingly close to getting a decisive touch on Roberto Firmino’s driven cross.Amid the half’s dying embers, Mignolet produced a fantastic one-handed save to push Vardy’s header over the bar.But the Liverpool goalkeeper’s inability to claim to ensuing corner, amid suspicions of a foul by Okazaki, allowed the Japanese striker to stab home and give the Foxes a lifeline.Liverpool came close to restoring their two-goal cushion soon after the restart as a dangerous attack ended with Coutinho driving a shot into the grateful arms of Schmeichel.The visitors continued to press, Firmino ballooning a header over from close range.Liverpool finally got a third from a devastating counter-attack that saw substitute Daniel Sturridge feed Henderson, who cut inside before wrong-footing Schmeichel.The two-goal advantage only lasted one minute as Mignolet parried Demarai Gray’s shot into the path of Vardy, who headed home from beneath the crossbar.Leicester could have drawn level after Vardy raced into the box and was clattered by Mignolet, who also managed to graze the ball.Referee Anthony Taylor pointed to the spot, but decided the challenge only warranted a yellow card.Mignolet made the most of his reprieve by guessing correctly to deny Vardy from 12 yards and stop the Leicester striker scoring a third penalty in successive matches. 0Shares0000(Visited 1 times, 1 visits today)last_img read more

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Man United offer contract to former Barcelona goalkeeper Valdes

first_img1 Victor Valdes Manchester United have offered goalkeeper Victor Valdes an 18-month contract, according to reports in Spain.Mundo Deportivo says the former Barcelona man is studying the offer and is close to making a decision as he on the verge of recovering fully from a serious knee injury.The Spanish stopper has been training with United’s current No.1 David de Gea under the club’s goalkeeping coach Frans Hoek since October.Recent reports that current contracted United goalkeepers Ben Amos and Anders Lindegaard are looking at offers to move away from Old Trafford on loan or permanent deals have increased speculation that Valdes is about to put pen to paper.United boss Louis van Gaal gave the Spaniard his debut at Barcelona and welcomed him to the club’s training ground to rehabilitate his knee after a ACL injury at the end of March 2014 preceded the end of his final contract at Barca.In recent weeks the 32-year-old has undergone stringent medical tests and examinations and has come through them all, giving United the confidence to land the free agent in what could prove to be a real coup.last_img read more

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Huddersfield vs Liverpool: Live commentary as Reds start Sturridge and Shaqiri

first_img Guardiola-inspired tactics: Is this how Arsenal will line up under Arteta? predicted Jurgen Klopp’s title challengers remain unbeaten in the Premier League this season huge blow changes Where can you listen?Huddersfield vs Liverpool is LIVE on talkSPORT, kick-off 5:30pm. Click here for the Huddersfield vs Liverpool live commentary streamConfirmed teamsHuddersfield XI: Lossl, Durm, Zanka, Schindler, Lowe, Hogg, Billing, Mooy, Pritchard, Hadergjonaj, Depoitre.Subs: Bacuna, Diakhaby, Hamer, van La Parra, Mbenza, Mounie, Stankovic.Liverpool: Alisson, Gomez, Lovren, Van Dijk, Robertson, Milner, Henderson, Lallana, Shaqiri, Salah, Sturridge.Subs: Mignolet, Fabinho, Wijnaldum, Firmino, Origi, Matip, Alexander-Arnold. revealed tense Sky Sports presenter apologises for remarks made during Neville’s racism discussion Boxing Day fixtures: All nine Premier League games live on talkSPORT Most read in Premier League Did Mahrez just accidentally reveal Fernandinho is leaving Man City this summer? SORRY gameday cracker center_img How Everton could look in January under Ancelotti with new signings 1 The Terriers currently take up the final relegation place in the top flight table, having picked up just three points all season with three draws in eight matches.Liverpool are flying high at the opposite end of the table, joint with Manchester City and Chelsea in first place – or third behind their two title rivals on goal difference.However, the Reds have been struggling recently, failing to win any of their last four games with two defeats coming in that time.None of those losses have been in the Premier League, but will Huddersfield get the better of Jurgen Klopp’s side when the two teams clash on Saturday evening? Tune into talkSPORT’s full live commentary to find out…What the managers are sayingDavid Wagner (Huddersfield): “Every game is a new chance, a new opportunity; we have one on Saturday at home. We’d like to try to use it even if we know it’s one of the top teams against one of the bottom three teams, but as we know in football everything is possible. Sometimes, football writes some great stories – no-one knows what happens on Saturday.”Jurgen Klopp (Liverpool): “They play proper football, they are difficult to catch. They play different systems. So far it was unlucky. This game is a trap, a 100 per cent trap.“We are third with 20 points, they are pretty much bottom of the table. That’s why analysis is so important; if you only used the table to analyse a team, you would say ‘They don’t score a lot, they conceded a few and they are third from the bottom so obviously not a good football team.’ Then we’d have a big problem.” whoops Liverpool’s signings under Michael Edwards – will Minamino be the next big hit? Green reveals how he confronted Sarri after Chelsea’s 6-0 defeat at Man City The return of Premier League action this weekend sees Liverpool visit Huddersfield on Saturday evening.talkSPORT has full live commentary of the clash which pits one of the Premier League’s three undefeated sides against one of the three without a win to their name this term. TOP WORK Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury The average first-team salaries at every Premier League club in 2019 latest Liverpool news live: Klopp reveals when Minamino will play and issues injury update last_img read more

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A SUPERB TRADITIONAL NIGHT OUT PLANNED AT MALIN GAA CLUB

first_imgMalin GAA Centre should be packed to capacity on Friday night as it play host to some of the best traditional Singers, Musicians and Dancers ever to appear in the club, organized by CLG Bord Inis Eoghain, as part of the celebrations for Seachtain na Gaeilge which reaches a conclusion on St Patrick’s Day.Special guest on the night will be well-known musician and singer Niamh McGlinchey from Lavey in Co Derry, who was an All Ireland Scor Na nOg winner in 2008, a finalist in the RTE All Ireland Talent Show in 2009 and had the pleasure of singing at the National League Final in Dublin in 2010.She has been playing regularly at concerts and clubs since, which included the Millennium Forum in Derry with Cara Dillon. Making the trip from the Donegal Gaelacht will be The Gaoth Dobhair Ballad Group, who are Donegal and Ulster Champions 2013, having played at the All Ireland Finals before a packed Venue in Derry just three weeks ago.The young five piece group of four girls and one male are renowned for their Irish Music and are all members of An Crannog in Gweedore, they play regularly in various parts of the county as well as many parts of Scotland and have also been to America in recent times.Among the local acts that will be performing will be Luryn Mulholland, from Buncrana, the Malin musicians, dancers and a solo singer, JP Bradley from Carndonagh and a group of singers from Moville.Young Lauryn Mulholland will be making her first appearance since the All Ireland Schools Talent Finals in The Helix in Dublin last weekend. The fourteen year old has been extremely busy over the winter months, making it through various heats to qualify from the semi final in Castlebar last month. She was also successful in the Dun Na nGall Scor Na nOg Solo Singing section, prior to Christmas, progressing to the Ulster Semi Final and final where she put in a tremendous performance in front of an audience of over 700 people in St Cecilias School in Derry.Malin GAA Club are well represented by a number of performers which include their much traveled Irish Dancers, who will be appearing on TG4 Scor Encore next month. They will be joined by the local traditional musicians who appeared on Tg4 last weekend and were unlucky not to make the quarterfinals of the TV Show.Solo singer Eimear McColgan completes the line up from the local club, while JP Bradley from Carndonagh will as always perform some recitations. A singing group will also represent Moville while it is expected more names will be added to the lineup before Friday night.Admission to the traditional night is only Euro 5 and that includes supper, which appears to be excellent value for money considering the talent on show, doors open at 8.30 pm with first performer on stage at 9.00 pm. A SUPERB TRADITIONAL NIGHT OUT PLANNED AT MALIN GAA CLUB was last modified: March 12th, 2013 by BrendaShare 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:A SUPERB TRADITIONAL NIGHT OUT PLANNED AT MALIN GAA CLUBlast_img read more

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Crime alert: Residents warned over suspicious activity

first_imgA RESIDENTS group has warned local people to be on the look-out for suspicious activity after an incident this afternoon.A local Community Crime Alert team says a white transit van with English registration plates entered a property in Killea around 4.30pm.When the two males in the van were approached by the property owner, the men claimed they were from Enniskillen and were looking to buy old vehicles. That response prompted the resident to become suspicious – or as one neighbour put it to Donegal Daily: “When you’re looking to buy vehicles you go to a car dealer.”Residents are being urged to report all such activity directly to gardai.And there is a warning that the men could be operating this evening and/or tomorrow in other areas of Co Donegal.  Crime alert: Residents warned over suspicious activity was last modified: June 11th, 2018 by John2Share 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:crime alertdonegalGardaiKillealast_img read more

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Daggers sign youngster from QPR

first_imgDagenham & Redbridge have signed youngster Leo Donnellan from QPR.The Republic of Ireland Under-18 midfielder has signed a one-year contract with the option of a further year.Daggers boss John Still told his club’s website: “I bought Leo in towards the end of last season to do some training with us and all the coaching staff were impressed.“Taking him is not a massive investment and we think he has a very good future.”Meanwhile, QPR are set to make another approach for Brentford captain Jake Bidwell. See also:QPR interested in Polish midfielderSporting want decision from SandroHenry close to agreeing QPR dealQPR plan new approach for Brentford’s BidwellFollow West London Sport on TwitterFind us on Facebooklast_img read more

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Seahawks squawk proudly about stealing 49ers’ keys, signals in overtime win; but this isn’t over

first_imgMore fallout from Monday night’s delightfully intense 49ers-Seahawks spectacular: Seattle defenders have told Crackerjack NFL reporter Jim Trotter that they were deciphering Jimmy Garoppolo’s signals late in the game.Interesting insight from the Seattle locker room after OT defeat of the 49ers: If it looked like the D had a good read on Jimmy G late, LB Bobby Wagner told me it was in part because he and KJ Wright … CLICK HERE if you are having a problem viewing the photos on a mobile devicelast_img read more

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