Arsenal mum on Wenger’s future

first_imgLONDON (AP): Arsenal have issued a rare statement on Arsene Wenger’s future that gives no indication whether he will still be manager next season. Supporters protested against Wenger as Arsenal were eliminated from the Champions League by Bayern Munich on Tuesday. On Arsenal’s website, chairman Chips Keswick says “we respect that fans are entitled to their different individual opinions but we will always run this great football club with its best long-term interests at heart.” Wenger, who last won the Premier League 13 years ago, has yet to say whether he wants to prolong a reign that started in 1996. Keswick says “Arsene has a contract until the end of the season. Any decisions will be made by us mutually and communicated at the right time in the right way.”last_img read more

Modify proposed fiscal rule to better promote fiscal sustainability – NRGI

first_imgNatural Resources Fund…recommends reduced responsibilities for Macroeconomic CommitteeThe worldwide-based Natural Resource Governance Institute (NRGI), in reviewing the green paper on Guyana’s Natural Resources Fund (NRF), has recommended that the proposed fiscal rule be modified to promote better fiscal sustainability, effect smooth overall fiscal expenditures, allow for escape in times of crisis and reduce complexity.The report, published in November, explained that the NRGI’s analysis of the green paper establishes a commendable framework for addressing some of the most severe risks, including a system of multi-layered internal accountability aligned with international good practice; listing eligible asset classes consistent with a low-to-medium-risk investment strategy; limiting investments exclusively to foreign assets; requirements to publish quarterly and annual reports; parliamentary review of annual reports and approval of withdrawals; and fiscal rules whose objectives are to prevent over-spending.The NRGI has a wealth of experience in the field of natural resources and Sovereign Wealth Fund governance issues. The institute indicated that it played no part in crafting Guyana’s NRF and has no commitment to the Government. In the report, it commended the framework but cited there is a tremendous risk that the NRF will not function as intended without several key improvements, particularly in the area of the fiscal rule.The recommendations for changes, includes managing citizen’s expectations transparently, professionalising the management of the fund, utilising a custodian bank, and reducing the responsibilities of the Macroeconomic Committee among several others.In the green paper, Government says the fiscal rules under consideration recognises the development gaps, both in terms of human capital and physical infrastructure, that exist and the need to accommodate development spending via the National Budget. It added that “it envisages an initial frontloading of spending to address critical development gaps, in the earlier years, and subsequent progression to higher savings ratios in later years. The proposed rule would acknowledge that, notwithstanding the above, Government is determined to avoid the pitfalls that other countries have encountered that led to paths of poor economic management.”The green paper also speaks to the establishment of a Macroeconomic Committee which would determine the Economically Sustainable Amount and would consist of the following five members appointed by the Finance Minister. The Committee would comprise of a representative of the Finance Minister, who shall also be the Chairman, a Private Sector representative nominated by the Institute of Chartered Accountants of Guyana, Bank of Guyana representative nominated by BoG’s Governor, a Private Sector representative nominated by Leader of the Opposition, and a leading expert in macroeconomics appointed by the Minister with the approval of Cabinet.Among the responsibilities of the committee is the considerations of inflation; the real effective exchange rate; the balance of payments; economic growth, particularly in the agriculture and manufacturing sectors; the composition of public spending; and external debt.NRGI, in its report, said it advises that Government to reduce excessive discretion of the Macroeconomic Committee on economically sustainable amount.“We have reservations as to the Committee’s ability and authority to determine the “economically sustainable amount” as well as the necessity of an economically sustainable amount in addition to other elements of a fiscal rule. We recommend eliminating the economically sustainable amount element and having the Macroeconomic Committee be tasked with providing independent revenue forecasts for benchmark calculations, approving the temporary suspension of the fiscal rule in the eventuality of force majeure, and monitoring the functioning of the rule,” it writes.In providing options for the Government to explore, NRGI said the fiscal rule is complex in its current form, which could cause comprehension issues and added that a well-defined escape clause and procedural guidance on how the Government may revise rule targets in a transparent and open manner in the case of major shocks.NRGI said that consensus building is critical to the success of any sovereign wealth fund or fiscal rules, as politicians and oversight bodies are unlikely to enforce the rules unless they have a feeling of ownership over them.“There are many models of consensus building, from parliamentary debates to public surveys to political ententes. In Ghana and the Northwest Territories (Canada), the Ministries of finance toured the country before the establishment of their funds to request citizen views on the management of natural resource revenues. In Norway, the political parties negotiated the fiscal rules so that each would abide by the rules once they entered Government. We would encourage the Government of Guyana to follow suit and engage in a cross-country consensus-building exercise before establishment of the fund,” it said.Guyana is on the verge of becoming an oil-rich country. In absolute terms, Guyana’s petroleum wealth is modest, representing approximately 0.2 per cent of global reserves, which places the country 26th globally. However, it possesses the world’s seventh-largest oil reserves per capita, second-largest in Latin America behind Venezuela.If revenue estimates from the Liza field prove to be accurate, Guyana could become one of the world’s largest per capita oil producers over the course of several years in the mid-2020s. According to independent projections, fiscal revenues from the petroleum sector could range between US$7 and 27 billion over the next 30 years. Between 2025 and 2028, revenues could peak at between US$800 million and $2.5 billion in a given year, at least doubling Guyana’s National Budget in some years.last_img read more

Registration open for 6th Annual Community 2 Community Poker Ride

first_imgFORT ST. JOHN, B.C. – Registration is now open for the 6th Annual “Community 2 Community” Poker Ride.The poker ride will see participants motorbiking all around the Peace Region, with half starting in Fort St. John travelling North and the other half starting in Dawson Creek and travelling South. The two groups of bikers will then pass by each other at the halfway point of the ride.Participants will draw a card at every community they visit during the ride. The goal of the ride is to have the best poker hand once they visit each location.- Advertisement -Communities included in the ride are Fort St. John, Chetwynd, Hudson’s Hope, Dawson Creek, Taylor and Tumbler Ridge.Poker hands cost $30 each while the ride is free for all residents to attend. The ride will also feature a free breakfast at 7:30 a.m. in the Pomeroy Sport Centre as well as a barbeque in Chetwynd. Residents interested in registering for the poker ride must sign up at the Pomeroy Sport Centre.The poker ride starts at 9:00 a.m. on August 18th at the Pomeroy Sport Centre.Advertisementlast_img read more

Man United defender out for ‘minimum of three weeks’ with illness

first_imgManchester United have revealed defender Phil Jones will be sidelined for a minimum of three weeks after being diagnosed with “mild thrombosis”.Jones started all four of United’s pre-season matches but was not involved in Saturday’s Premier League win over Tottenham.United confirmed after the season opener at Old Trafford that the England international was left out due to illness.“Phil Jones, who was not involved in today’s matchday squad, has mild thrombosis and will be out for a minimum of three weeks,” a tweet from the official United Twitter account read.Daley Blind and Chris Smalling played at centre-half in Jones’ absence as United beat Spurs 1-0 thanks to Kyle Walker’s own goal. 1 Manchester United defender Phil Jones last_img

Valencia to rival Arsenal and Man United for Argentine star

first_imgValencia have joined Arsenal and Manchester United in the race for Lazio star Lucas Biglia, according to reports in Italy.The midfielder was a target for both Premier League clubs in the summer after helping the Serie A side qualify for the Champions League last season.Lazio managed to hold onto their man, though, as the promise of European football was enough to keep him.However, according to Il Tempo, Valencia have now expressed an interest in bringing Biglia to La Liga.The Spanish club are confident of luring the 29-year-old to Spain during the January transfer window by offering him a significant pay rise.Lazio have no plans to sell the Argentina international, however, and have him tied down to the club until 2018. Lazio star Lucas Biglia 1last_img

Puel provides update on whether Vardy will play against West Ham

first_img no dice MONEY Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade He returned to training on Thursday but will be monitored ahead of Saturday’s visit of the Hammers.Claude Puel, the club’s manager, said: “For two days he was not well with a stomach problem, he came back to training today.“Of course he couldn’t finish the game on Monday so we’ll see how he is for this game.“We’ll monitor him in training and see if he can make progress. He had a problem but now it is more calm.” ADVICE Top nine Premier League free transfers of the decade Every time Ally McCoist lost it on air in 2019, including funny XI reactions REVEALED REPLY Premier League Team of the Season so far, including Liverpool and Leicester stars Jamie Vardy is a huge doubt to play for Leicester against West Ham in their Premier League game on Saturday.The former England star has been battling a stomach bug, which forced him off during Monday’s 3-1 defeat at Arsenal. shining Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury huge blow BEST OF Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ 1 Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Most popular football news Where Ancelotti ranks with every Premier League boss for trophies won Son ban confirmed as Tottenham fail with appeal to overturn red card Which teams do the best on Boxing Day in the Premier League era? REVEALED RANKED Vardy did not complete the entire game against Arsenal last_img read more


first_imgCHANGE OF DATES: COURTS SERVICETHE Motions Court scheduled for tomorrow, Monday 9th March will be held on Tuesday 10th March instead in Letterkenny Courthouse. COURTS NOTICE: MOTIONS COURT POSTPONED UNTIL TUESDAY was last modified: March 8th, 2015 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:letterkennymotions courtlast_img


first_imgThe sad news has been announced of the sudden death of St Eunan’s GAA club stalwart Mr. Tom Ferrie, No. 6 Carnamuggagh Close, Letterkenny.A true St. Eunan’s man, and great servant, Tom served in many roles within the club, including as Registrar and Minor Board Secretary.  Tom is also a former St. Eunan’s Club Person of the Year.Remains will repose at his late residence on Friday 31st July from 11am. Removal from there on Sunday morning for 10am Mass in St Eunan’s Cathedral followed by burial in Conwal Cemetery.C.L.G. Naomh Adhamhnáin would like to extend it’s deepest sympathy to Tom’s wife Maureen and his family.Ar dheis Dé go raibh a anam.  DEATH ANNOUNCED OF GAA STALWART TOM FERRIE was last modified: July 31st, 2015 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:St EunansTom Ferrie RIPlast_img read more

Shout musicians sing to end violent crime

first_imgCrime-prevention foundation Shout South Africa will feature on the next instalment of Brand South Africa’s Play Your Part TV series, to air on Sunday 17 August on SABC2 at 9pm. • Songbird Abigail Kubeka remembers songs for Mandela • McGregor’s music captures the African village • Blake and friends bring pop-classical mix to stage • Watch: Bruce Springsteen – High Hopes in South Africa • Voodoo Funk: Ambassador of AfrobeatMary AlexanderOn the evening of 18 October 2007 legendary South African reggae musician Lucky Dube was dropping his son and daughter – two of his seven children – off at their uncle’s house in Rosettenville, Johannesburg, when hijackers pumped two bullets into him at close range. He tried to drive off, crashed into a tree, and died on the scene.News of his death stunned fans and fellow musicians – and made front-page headlines – across the world. The BBC described him as “among the great reggae artists” alongside Bob Marley. His record label told the Independent that “Lucky wasn’t just big in South Africa, he was big in Africa and the rest of the world.”But almost every article reporting his death also raised South Africa’s high rate of violent crime. “South Africa is considered the murder capital of the world, with 20 000 murders each year,” the Guardian wrote, while the BBC described the country as “one of the most dangerous societies in the world”.The murder came three years after respected Mozambican bass guitarist Gito Baloi was gunned down, also in Johannesburg, in 2004.Dube’s death impelled two South African musicians, kwaito artist Kableo Mabalane and pop star Danny K, to do something about violent crime in South Africa. They decided to release a single recorded by as many local musicians as they could gather – in the style of the international 1980s “We Are the World” project – and use the proceeds to fund crime-fighting and victim support initiatives.The single they chose was “Shout” by British band Tears for Fears, from the 1984 album Songs from the Big Chair. Songwriters Roland Orzabal and Curt Smith described it as “an encouragement to protest”, a song about “the way the public accepts any old grief which is thrown at them”. The lyrics are apposite to crime in South Africa:Shout, shoutLet it all outThese are things I can do withoutCome OnI’m talking to youCome onIn violent timesYou shouldn’t have to sell your soul …In 2010 Mabalane and Danny K, with contributions from 37 other South African musicians, released their cover of “Shout”. The song also became the name of their new crime-prevention foundation – Shout South Africa.Watch the “Shout” music video:“It took three years to assemble the cream of South Africa’s talent to come together,” Danny K says on the Shout website. “With the help of my co-founder and friend Kabelo we decided enough is enough and we were refused to be silent about what is happening to ordinary people who live in fear of being attacked, robbed, raped and/or murdered every day in our country.”The choice of song was Mabalane’s: “I played Danny the Tears for Fears track ‘Shout’ in the studio where I was busy recording my new album,” he says. “The words resonated with what we both felt about crime in our country and the rest, as they say, is history. South Africans downloaded it in their hundreds of thousands to make it the biggest selling download of a full track in the history of South African music.”Watch a 2010 ZA News insert featuring puppets Desmond Tutu and Nelson Mandela supporting Shout:Shout raises funds through merchandising and music downloads. Its beneficiaries include specialised units in the South African Police Service, as well as NGOs such as the National Institute for Crime Prevention and the Reintegration of Offenders, People Opposing Women Abuse, Childline, and Alcoholics Anonymous.Shout released a second single, a South African adaptation of John Farnham’s 1986 hit “You’re the Voice”, in 2012. The list of 34 artists contributing to the song reads like a who’s who of the South African music scene, including Hugh Masekela, Freshlyground, Mafikizolo, PJ Powers, Arno Carstens, Loyiso, Kurt Darren, Louise Carver and the Drakensberg Boys’ Choir.Watch Shout South Africa’s “You’re the Voice”:last_img read more

Let Your Preparation and Planning Match the Opportunity

first_imgYou are working on a deal that is worth $1,000,000 in annual recurring revenue. You’ve pursued deals of this magnitude before, and you’ve been fortunate enough to win more than your fair share. Why them, should you spend your time preparing and planning for sales calls when you have experience?Let’s start with what a deal is worth. If your dream client spends $1,000,000 annually, the value of the deal must consider how many years you are likely to retain the client. If you retain your large clients an average of seven years, you are working on a deal with $7,000,000. Would you prepare and plan differently for $7,000,000.Larger deals tend to be more strategic, and winning and retaining them provides some proof that you can deliver the outcomes for clients with more significant and more strategic needs. For a lot of us, larger clients stretch us by asking us to develop new processes and new offerings that increase the value you create for other companies. They provide experiences that allow you to differentiate yourself and your offering.I have won large clients whose key stakeholders have moved to other large companies, and because we had done good work for them and with them at the company they left, they brought us in to do the same things for them in their new company. In a few cases, multiple contacts moved to numerous new companies. The probability of people leaving larger companies and ending up a similar company with similar needs seems to me to be higher, even though I only have anecdotal evidence.Do the WorkIt’s difficult to win big deals and spending time preparing, and planning does a lot to improve your chances of winning. It allows you to develop a strategy to win the contract, helping you convey how you are different and how that difference will benefit your client. Preparing and planning gives you the time to work on your talk tracks, improving the effectiveness of your conversation, while also allowing you to anticipate questions or challenges you expect. Spending time working on the agenda and the content you need to discuss improves the content and the flow, provided you do the work and ask the tough questions. In team sales, prepping and planning roles and responsibilities improves the flow, handoffs to and from your team, and it looks professional.The larger and more important the deal, the more time you should spend preparing and planning every sales call. Don’t allow your experience or your confidence prevent you from also being a professional.last_img read more