IMF projects continued rise of inflation in Guyana

first_imgRegional economic outlookBy Jarryl BryanThe International Monetary Fund (IMF) is projecting Guyana’s inflation would continue to rise in 2018. This is a dangerous development, even as the country struggles to shake off the effects of a slowdown in the economy.According to the IMF in its Regional Economic Outlook Update on Latin America and the Caribbean, economic growth in Guyana is being supported by two large gold mines and “positive sentiment ahead of oil production.”According to the IMF, Guyana’s projected output growth (value for goods it produces) for 2017 is 3.5 per cent. For the year 2018 it is 3.6 per cent. But the IMF also projected a 2.6 per cent rise in inflation (rate at which prices for goods and services increase) for 2017, while a 2.7 per cent increase is expected for next year.Indeed, inflation has been steadily rising over the years, with the financial organisation noting that in 2014 it stood at 1.2 per cent. In 2016 it rose to 1.5 per cent.“After disappointing growth over the past few years, economic activity in Latin America remains on track to recover gradually in 2017–18, as the global economy gathers steam and recessions in a few countries in the region come to an end,” the IMF stated in the report.“Long-term growth, however, remains weak, hampering income convergence toward advanced economy levels. Fiscal space to support demand is limited, particularly for commodity exporters. But monetary policy can play a supportive role, because inflation has been moderating rapidly,” it added.The IMF urged Governments to urgently press ahead with much-needed structural reforms, to ensure that growth is sustained and inclusive. It recommended that countries improve their infrastructure, invest in human capital, encourage more females in the labour force, increase oversight of the labour market, enhance governance and anti-corruption efforts, and take steps to further trade.Mid-year reportThe Finance Ministry’s half-year report was released in July of this year. It had stated that inflation, as measured by the Consumer Price Index (CPI) for Georgetown, was recorded at 1.1 per cent in June 2017. According to the Mid-Year report, the main driver of inflation in the first half of 2017 continued to be food prices.“Prices grew significantly for pulse and pulse products, 14.5 per cent; condiments and spices, 7.1 per cent; cereals and cereal products, 5.2 per cent; oils and fats, 4.3 per cent; and vegetables and vegetable products, 4.1 per cent.“Prices for transport and communication, medical and personal care; and education, recreation and culture also recorded increases in the first half of 2017,” the report had stated, also expressing optimism that the inflation rate would be kept in check.The IMF’s observation that Guyana has gold to thank for its economic performance is telling, since the Mid-Year report had revealed mining to be among the sectors on the decline when compared to the corresponding period in 2016. The declining sectors had also included sugar, livestock, forestry, quarrying, and even the bauxite industry.It showed that sugar production was recorded at 49,606 tonnes at the half-year, and when compared to 56,645 tonnes during the first half of 2016, represented a decline of 12.4 per cent. The livestock industry also contracted by 10.9 per cent in the first half of 2017, due to heavy rainfall severely affecting production, especially in the second quarter.The forestry industry also showed an 18.2 per cent contraction in the first six months of 2017, compared to the same period in 2016. Declining production within the forestry industry was due to structural changes in the industry.The mining and quarrying sector contracted by 4.0 per cent, during the first half of 2017. Gold production fell by 1.7 per cent to 317,096 ounces in the first half of 2017, compared to the same period in 2016.Also, it showed the bauxite industry declined by 11.5 per cent as a result of reduced production of higher valued grades.last_img read more

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Gulf Coast native returns to help

first_img City Manager Andrea Travis agreed to send Welch. “It also provided a tremendous learning opportunity for Ric,” Travis said. “There was a benefit to the city in terms of training and level of preparedness. There are many things that are similar whether you’re facing an earthquake or hurricane.” Welch flew to Jackson, Miss., then drove to Baton Rouge, where he initially helped inspect shelters and delivered supplies. Later, he spent time with officials in the Environmental Protection Agency, getting a big-picture look at the disaster. Welch also took a couple of days to drive along the Mississippi coast, looking up aunts, cousins and uncles. Everyone was OK. He never caught up with his parents. “They had jumped in their RV and headed north like smart people,” he said. Welch then returned to Baton Rouge, where he acted as liaison between the Red Cross, the Federal Emergency Management Agency and local parishes. “I knew some of the people by name, and I can turn my Louisiana accent back on and make people feel comfortable. I went down to open some doors and ease some of the tension,” he said. One of the biggest issues was dealing with when or whether to allow the re-entry of residents to their homes, he said. “It seemed like every day, four to five times a day, priorities shifted,” he said. Welch returned home last month, with some important lessons learned. “I learned how the best-laid plans can fly out the window, the need for redundancy, the need for trained self-reliance among residents, and the need for cooperation between agencies and municipalities,” he said. Emergency officials “wanted desperately to help but didn’t know how,” Welch said. “I don’t want to ever find myself in that position. Hopefully I never have to look at our residents and not have a plan.” — Mike Sprague can be reached at (562) 698-0955, Ext. 3022, or by e-mail at mike.sprague@sgvn.com.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LA MIRADA — La Mirada public safety Manager Ric Welch lived in Louisiana for most of his life, so when Hurricane Katrina struck the Gulf Coast, he just knew he just had to go. “Having been born and raised there and realizing that a lot of the sites that make Louisiana what it is may never be seen again, it was extremely difficult to put (the disaster) out of mind and come to work and act like nothing was going on,” he said. Welch, 42, who lives in unincorporated Riverside, spent three weeks in Baton Rouge and nearby cities, working with the Red Cross and others. That experience was like nothing else he has ever done, he said. “It was like seeing the aftermath of war right here on your home turf,” Welch said. “I don’t think you can see that kind of devastation and all these familiar places undone — buildings you used to go watch movies, sporting events or theatrical events now filled with refugees — and not have a deep, lasting impact. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 “It’s one thing to see the skeletons of your home after it’s burned down,” he said. “This was pulling up to what used to be city limits and now it’s a greasy water part of the Gulf of Mexico.” People in Southern California can get an idea of the devastation by picturing everything along the coast — from here to San Diego — suddenly gone from one day to the next, he said. Born in Baton Rouge, La., Welch grew up in areas near there. At age 23, he joined the U.S. Navy, but returned home nine years ago to become director of parks and recreation for Pointe Coupee Parish, La. In 2000, he was hired by the city of La Mirada as its gymnasium coordinator, eventually becoming an administrative analyst until his promotion to public safety manager in July. But he still has relatives, including his parents, in Louisiana.last_img read more

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Phillip Johnson Re-Buries Darwin

first_imgDarwin may still rule from the grave, but Phillip Johnson has good reason to hope Darwin’s ghost will decay with the old evolutionist’s interred bones.  A father of the intelligent design movement, Johnson wrote and spoke and influenced many with his focus on the linch pin of Darwinism, its insistence on undirected natural processes.  It’s the 20th anniversary of the publication of Johnson’s highly influential book Darwin on Trial, and the Discovery Institute, an ID think tank, has just launched a new website and series to re-popularize Johnson’s impact. The website is DarwinOnTrail.com, featuring a biography, book list, articles, news and multimedia.  A series of articles on Johnson, including video clips, can be found on Evolution News & Views: Darwin on Trail 20 Years Later, Phillip Johnson Reflects on Darwin on Trial Anniversary, and New Website Celebrates Darwin on Trial in its 20th Anniversary.  More articles will be forthcoming during the week. If you’re new to Phillip E. Johnson, start with the short intro video to get an idea of why he is important.  Then watch a 90-minute speech he gave in his prime posted at Evolution News & Views to appreciate his cogent, insightful, articulate explication of the central issues in the Darwin vs design debates.(Visited 23 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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The Benefits of Breakfast!

first_imgBy: Sarah Pittman BS in dietetics from the University of Illinois at Urbana-ChampaignWith school in full swing, and everyone getting back into their normal routines again, what better time to look at the current research of the benefits of eating breakfast to remember why it is so important!So, what is the current research saying? “Eating breakfast before exercise may ‘prime’ the body to burn carbohydrates during exercise and more rapidly digest food after working out…” (University of Bath, 2018).“Breakfast skipping leads to more eating of unhealthy diet later in the day because of prolonged craving” (Bandyopandhyay, D., Ashish, K., Hajra, A., Ghosh, R., 2018).“Prolonged hypoglycemia leads to overactivity of the hypothalamic-pituitary-adrenal axis causing sympathetic activation validates its temporal association with AF and chronically elevated cortisol in habitual breakfast skippers, associated with cardiometabolic derangements…” (Bandyopandhyay, D., Ashish, K., Hajra, A., Ghosh, R., 2018).“Subclinical atherosclerosis is more prevalent in breakfast skippers” (Bandyopandhyay, D., Ashish, K., Hajra, A., Ghosh, R., 2018).“Late night overeating is associated with skipping and/or consuming a smaller breakfast. In children with low levels of physical activity, it is associated with increased body mass index” (Karatzi, K., Moschonis, G., Choupi, E., Manios, Y., 2018).What are great breakfast options? The Academy of Nutrition and Dietetics suggest these breakfast ideas to “power up with breakfast” (Gordon, B., 2018):OatmealYogurt ParfaitBreakfast SmoothieToaster wafflePita egg sandwichBanana roll upBagel and veggiesEnglish muffinOverall, there are many benefits to eating breakfast, research has shown that people who eat breakfast are more likely to have balanced diets than those who don’t, they are less likely to be overweight and have reduced risk of diseases like heart disease, stroke, and diabetes, (Brost, B., 2018).Do you eat breakfast daily? Do you suggest to your clients to eat breakfast daily?We would love to hear from you!References:Bandyopadhyay D, Ashish K, Hajra A, Ghosh R. An interesting insight into breakfast and cardiovascular disease. International Journal Of Cardiology [serial online]. April 1, 2018;256:7. Available from: MEDLINE, Ipswich, MA. Accessed August 15, 2018.Brost B. NUTRITION: Make a plan to have a healthy breakfast. Duluthnewstribune.com. http://www.duluthnewstribune.com/news/4484118-nutrition-make-plan-have-healthy-breakfast. Published 2018. Accessed August 20, 2018.Gordon B. Power Up with Breakfast. Eatright.org. https://www.eatright.org/food/planning-and-prep/snack-and-meal-ideas/power-up-with-breakfast. Published 2018. Accessed August 23, 2018.Karatzi K, Moschonis G, Choupi E, Manios Y. Late-night overeating is associated with smaller breakfast, breakfast skipping, and obesity in children: The Healthy Growth Study. Nutrition (Burbank, Los Angeles County, Calif.) [serial online]. January 2017;33:141-144. Available from: MEDLINE, Ipswich, MA. Accessed August 15, 2018.University of Bath. “Eating breakfast burns more carbs during exercise and accelerates metabolism for next meal.” ScienceDaily. ScienceDaily, 15 August 2018. .last_img read more

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Gymnastics doctor facing at least 25 years in prison

first_imgRead Next View comments “He convinced these girls that this was some type of legitimate treatment,” Assistant Attorney General Angela Poviliatis told a judge last summer. “Why would they question him? Why would they question this gymnastics god?”Separately, Nassar is charged with similar crimes in Eaton County, the location of an elite gymnastics club. He also is awaiting sentencing in federal court on child pornography charges. Japan ex-PM Nakasone who boosted ties with US dies at 101 Kammuri turning to super typhoon less likely but possible — Pagasa Smalling defends himself after England omission LATEST STORIES QC cops nab robbery gang leader, cohort Stronger peso trims PH debt value to P7.9 trillion FILE – Former Michigan State University and USA Gymnastics doctor Larry Nassar (L) with defense attorney Matt Newberg (R) in the 55th District Court where Judge Donald Allen Jr. bound him over on June 23, 2017 in Mason, Michigan to stand trial on 12 counts of first-degree criminal sexual conduct. / AFP PHOTO / JEFF KOWALSKYDETROIT — A sports doctor accused of molesting several girls while working for USA Gymnastics and Michigan State University will plead guilty to multiple charges of sexual assault and face at least 25 years in prison, a person with knowledge of the agreement said Tuesday.The person was not authorized to publicly discuss the agreement ahead of a Wednesday court hearing for Dr. Larry Nassar in Michigan’s Ingham County and spoke to The Associated Press on condition of anonymity.ADVERTISEMENTcenter_img CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Don’t miss out on the latest news and information. MOST READ Brace for potentially devastating typhoon approaching PH – NDRRMC Kris Aquino ‘pretty chill about becoming irrelevant’ Typhoon Kammuri accelerates, gains strength en route to PH Nassar, 54, is charged with molesting seven girls, all but one of whom were gymnasts, mostly under the guise of treatment at his Lansing-area home and a campus clinic. He’s facing similar charges in a neighboring county and lawsuits filed by more than 125 women and girls.Olympic gymnasts Aly Raisman, McKayla Maroney and Gabby Douglas are among the women who have publicly said they were among Nassar’s victims.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe plea deal in Ingham County calls for a minimum prison sentence of 25 years, but a judge could set the minimum sentence as high as 40 years. In Michigan, inmates are eligible for parole after serving a minimum sentence.The girls have testified that Nassar molested them with his hands, sometimes when a parent was present in the room, while they sought help for gymnastics injuries.last_img read more

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TOUCH SA vs VICTORIA- THE BORDER CHALLENGE

first_imgVIC vs SA- OPEN BORDER CHALLENGE 3rd September: Touch SA vs Victoria Touch- `2005 Border Challenge’. In the drizzling rain the touch stars of long standing rival states South Australia and Victoria took to the fields last weekend to battle to be the 2005 Border Challenge Champions…. Last weekends Border Challenge saw South Australia and Victoria compete in the Men’s open, Women’s Open and Mixed Open divisions, vying for State supremacy as well as selection for the Crusaders teams (comprising Victoria, South Australia & Tasmania) to compete in the National Touch League in Coffs Harbour in March 2006. This year the 2005 Border Challenge was held in Mildura. The Border Challenge is a great opportunity to take elite level touch to the regional areas, and this weekend displayed the very best South Australia and Victoria has to offer. The games were held at the Mildura Senior College and greatly supported by representatives of the Mallee Touch Association in particular Luke Thornton with regard to facilities and field preparation. It was excellent to see members of the Mildura Touch Association come out and play a demonstration mixed game to show case the local talent. The stars from both South Australia and Victoria put on a display of tenacious defense, hot stepping attacking action, and of course, the games were played in the sportsmanlike manner one has come to expect in our sport. Through the miserable rain South Australia came out strong winning all three of the Men’s Open games and two games to one in the Women’s Open, while Victoria had a clean sweep in the Mixed Open division. As expected it was a tight encounter with most games only separated by one or two scores. Men’s Open South Australia (6) def Victoria (5) South Australia (5) def Victoria (4) South Australia (5) def Victoria (2) * 2005 Divisional Champions – South Australia Women’s Open South Australia (4) def Victoria (3) South Australia (3) def Victoria (2) Victoria (2) def South Australia (1) * 2005 Divisional Champions – South Australia Mixed Open Victoria (3) def South Australia (2) Victoria (5) def South Australia (3) Victoria (6) def South Australia (5) * 2005 Divisional Champions – Victoria ** 2005 Border Challenge Overall State Champions – South Australia ** The awesome display of talent made the task of choosing a `Player of the Series’ from each division very difficult. The following players were awarded `Player of the Series’ – Men’s Open – Colm Maguire (South Australia) Women’s Open – Sharon Gray (South Australia) Sharon Lai (Victoria) Mixed Open – Richard Morunga (Victoria) Congratulations to all the players that took part and a big thank you to Luke Thornton for everything he did in preparation for the 2005 Border Challenge. A special thank you to the following referee’s who were selected to represent at the 2005 Border Challenge Dave Ludlow, Jo Mitchell, Sean Judge, Chris Denison-Smith, Greg Frost, Indra Garner, Leigh Bryant, Miles Davine, Mike Gaskin, Stewart Freeman.last_img

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a month agoNapoli goalscorer Llorente: I really wanted to face Liverpool

first_imgNapoli goalscorer Llorente: I really wanted to face Liverpoolby Paul Vegasa month agoSend to a friendShare the loveNapoli striker Fernando Llorente was delighted to score in victory over Champions League opponents Liverpool.Llorente was part of the Tottenham team beaten by the Reds in last season’s final.The veteran said: “I wanted to play against the Reds, I’m happy because we showed we could live with the big names. These three points are very important, but it’s just the first game: we still need a lot. “We have to think about game after game, it will be hard. “Scoring at the San Paolo is something incredible, I didn’t imagine starting this adventure like this.” About the authorPaul VegasShare the loveHave your saylast_img read more

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TIFF 18 Doc trailer roundup part two

first_img Twitter Login/Register With: Advertisement The trailers follow below, with synopses provided by TIFF:Prosecuting Evil: The Extraordinary World of Ben FerenczBarry AvrichCanada; World Premiere; 83 minutesBarry Avrich returns to the festival with a fascinating portrait of Ben Ferencz, the last surviving Nuremberg Trial prosecutor, who continues to wage his lifelong crusade in the fight for law and peace.Putin’s WitnessesVitaly ManskyLatvia, Switzerland, Czech Republic; International Premiere; 102 minutesThrough testimonies from Gorbachev, Yeltsin and the current Russian president himself, Vitaly Mansky tells the story of how Putin rose to power and held his position for nearly two decades.ScrewballBilly CorbenUSA; World Premiere; 105 minutesBilly Corben’s true-crime dramedy investigates the MLB’s infamous doping scandal involving a nefarious clinician and his most famous client: the New York Yankees’ Alex Rodriguez. As we approach the start of the 2018 Toronto International Film Festival, realscreen has collected all available trailers and clips of this year’s feature documentaries (see part one of the ’18 trailer round-up here).With 27 documentary features announced as part of TIFF Docs, the following are a few examples of what you can expect to see during the Canadian festival, which runs from Sept. 6 to 16.Today’s batch of trailers and clips includes Astra Taylor’s What is Democracy?, a far-reaching look at the history of democracy and its place in the present day; Vitaly Mansky’s Putin’s Witnesses, about the rise and two decades-long rule of Russian President Vladimir Putin; and Sharkwater Extinction (pictured), the late filmmaker and conservationist Rob Stewart’s follow-up to his 2006 investigation of the illegal shark fin trade. Advertisement Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Facebooklast_img read more

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