Records from 1987 World CupThe neutral umpires stood for the first time in this edition of the tournamentAsantha de Mel of Sri Lanka conceded 97 runs from 10 overs against the West Indies in 1987 – the most expensive figures till date.India’s Chetan Sharma became the first bowler in the World Cup to take a hat-trick. He clean bowled Kiwis Ken Rutherford, Ian Smith and Ewen Chatfield.Sunil Gavaskar, who bid adieu to international cricket after this World Cup also scored the first and the last ODI ton of his career here. He scored 103 not out against New Zealand in his penultimate ODI innings in Nagpur.
India off-spinner Harbhajan Singh has offered monetary help of Rs 1 lakh to national level football and volleyball player Arunima Sinha who lost her leg after being thrown out of a running train by robbers near Bareilly.Harbhajan, who played a crucial role in India’s triumph in the World Cup which India won after 28 years, had some encouraging words for Arunima.”I got to know this news through a friend and I really feel for the young girl. Her life is ahead of her and as a sportsman, it’s our responsibility to help her.”I would like to tell Arunima that she should not lose heart and champions like her will overcome all the obstacles.I offer this small token of help and wish her all the very best in life,” Harbhajan said.Earlier, Indian batsman Yuvraj Singh too came in support of Arunima, offering her Rs 1 lakh.”It is really unfortunate and tragic with what has happened to Arunima. She must be brave sportsperson who came forward to fight against robbery. I know the loss is irreparable, but I would like to offer her this little contribution on of one lakh rupees,” he had in a statement issued by ‘Yuvraj Singh Foundation’.Arunima alias Sonu lost her leg after she was pushed out of the Padmavat Express near Bareilly on Monday night by three men trying to snatch her gold chain when she was travelling to Delhi to appear for a CISF examination.As she lay on the tracks, another train ran over her left leg. She had fractures on her right leg and also suffered head injuries.advertisementRailways has offered her a job while sports minister Ajay Maken announced Rs 2 lakh medical compensation and an immediate ex-gratia of Rs 25,000.- With PTI inputs
Tennis World Number 1 Novak Djokovic has won the French Open. Here’s a lowdown on the Serbian’s epic win at Roland Garros: Interested in General Knowledge and Current Affairs? Click here to stay informed and know what is happening around the world with our G.K. and Current Affairs section.To get more updates on Current Affairs, send in your query by mail to firstname.lastname@example.org
Zlatan Ibrahimovic says on his official social media accounts that his next club will be Manchester United.United is making no comment about Ibrahimovic, who has been heavily linked with a move to Old Trafford in recent weeks.The 34-year-old Swedish striker, who retired from international duty after his country’s exit from the European Championship, said on his Facebook, Twitter and Instagram accounts that he will be joining United.Time to let the world know. My next destination is @ManUtd pic.twitter.com/DAK7iYlrCq&; Zlatan Ibrahimovic (@Ibra_official) June 30, 2016On his Twitter account, Ibrahimovic wrote above an image of United’s badge “Time to let the world know. My next destination is ManUtd.”He would be linking up with former coach Jose Mourinho, who got on well with Ibrahimovic during their time together at Inter Milan.
India will be without Virat Kohli in Asia Cup 2018 as the selectors opted to rest India’s mercurial captain due to excessive workload. Kohli’s absence has allowed teams to breathe a sigh of relief but Ambati Rayudu thinks that India still has enough quality to win the tournament without the services of regular captain in UAE.However, he reiterated that Kohli’s absence is a big one but Mahendra Singh Dhoni’s presence in the dressing room will help everyone and give India the much needed experience.”Obviously he (Virat) is a big miss and loss to the team. However, we still have enough quality in the team to go out and win. He (Dhoni) has been India’s captain and always been the go-to man for everybody in the team””He (Dhoni) has helped me a lot in terms of how I recovered this season,” Rayudu said at a media conference on Saturday.Also read – Sandeep Patil slams selectors’ decision to rest Virat Kohli for Asia CupKohli’s absence from the team means that the India will be led by Rohit Sharma and there will also be a chance for another batsman to impress in the middle-order ahead of the World Cup in England and Wales next year.India’s middle-order conundrum has rolled on and the No.4 position remains a place of concern for Kohli and coach Ravi Shastri. India have tried the likes of KL Rahul, Manish Pandey, Dinesh Karthik, Kedar Jadhav, Suresh Raina and more but none seem to have cemented their place in the playing XI so far.advertisementThis time around, Rayudu will have the opportunity to impress but he doesn’t want to think about it and put excessive pressure on himself.Asia Cup 2018: Rohit Sharma’s India ‘looking forward to Pakistan clash'”To be very honest, (I) haven’t thought about it (middle-order) or looked at it as a competition. It’s just an opportunity to express myself and (I) don’t want to put more pressure to my game by thinking about these.””I don’t think anybody is actually thinking about the World Cup. We are in for the Asia Cup and I don’t think anybody is thinking about it right now,” Rayudu said.India’s will open their campaign against Hong Kong on September 18, a day before they take on traditional rivals Pakistan in a blockbuster clash at the Dubai International Stadium.Also read – India should not get intimidated by Pakistan in Asia Cup: Sourav Ganguly”I don’t think it will be a disadvantage. It will be definitely tough and I’m sure we will do best possible things to recover and go out fresh to play the next game,” said Rayudu about the playing two games in two days hampering the players.Rayudu also said that it was frustrating to miss out on the limited overs leg of the England tour despite a stellar Indian Premier League season for Chennai Super Kings. Rayudu failed to the make the Indian team after flunking the yo-yo test in his first attempt.Also read – Asia Cup 2018: Will Virat Kohli’s absence hurt India’s chances?”Obviously it was frustrating to miss out on the England tour. But I’m happy that I can come back and give the test and get picked to play in the Asia Cup.”This year I played well in the IPL. The main thing is that I feel age doesn’t matter as long as you are fit.”But, after clearing the yo-yo tests at the second attempt, Rayudu played for India A in the Tri-Series involving Australia A and South Africa A, and tasted success.His 62 not out against Australia A in a low-scoring affair in Bangalore turned out to be a Man-of-the-Match performance. Against South Africa A at Alur, he made 66.
India paceman Ishant Sharma was all praise for captain Virat Kohli and vice-captain Ajinkya Rahane for their batting show on the second day of the second Test in Perth on Saturday.Kohli, who had scored 3 and 34 in the first Test in Adelaide, started confidently smashing four drives to the boundary in his first 10 deliveries faced, before playing watchfully against some tight Australian bowling.The India talisman was 82 not out off 181 balls while Rahane was batting on 51 as the visitors reached 172 for 3 at the close of play in reply to Australia’s 326.”Whenever he [Virat Kohli] is batting, we feel pretty confident. We felt good obviously as we finished the day on a strong position. Hopefully, they both will continue tomorrow and we win the first session and turn the game in our favour. Right now I can say it’s even-steven,” Ishant said at the press conference at the end of day’s play.Kohli and Pujara initially rebuilt India’s innings with a 74-run partnership after a shaky start saw them lose openers Murali Vijay and Lokesh Rahul cheaply either side of lunch.Pujara fell tamely for a hard-fought 24 off 103 deliveries when he was caught behind feathering a Mitchell Starc delivery down the leg side.An aggressive Rahane counter-attacked to break the shackles as he played shots all over the park and went on to complete his 17th half-century.”I think Ajinkya Rahane’s counter-attacking innings in that period was very important for the team. It also made Australia change their plans,” Ishant said.advertisementIshant was found guilty of bowling no balls a few times in the first Test, whereas on two instances India were denied wickets.”I have been playing cricket for so long now. So, [whenever the no ball situation arises] it doesn’t affect me. All these things happen because you are human and are bound to make mistakes. I was not at all worried about the no ball,” he said.Ishant, who was the pick of the Indian bowlers finishing with 4 for 41, will start Australia’s second innings on a hat-trick after running through the tail as the home side lost their last four wickets for 16 runs.(With inputs from Reuters)Also Read | Baffled with Virat Kohli’s captaincy, says Sunil Gavaskar
Islamabad United take on Lahore Qalandars in the first match of the 2019 Pakistan Super League (PSL) at the Dubai International Cricket Stadium in Dubai.What time does the match between Islamabad United and Lahore Qalandars start?The match between Islamabad United and Lahore Qalandars starts at 11:15 PM IST on February 14, Thursday at the Dubai International Cricket Stadium in Dubai.What TV channel and live stream is the match between Islamabad United and Lahore Qalandars Live Streaming on?DSport will telecast the match. Airtel TV will live stream Islamabad United vs Lahore Qalandars match.Where will the Islamabad United vs Lahore Qalandars match be played?The T20 match between Islamabad United and Lahore Qalandars will be played at the Dubai International Cricket Stadium in Dubai from 11:15 PM IST.Where can I watch Islamabad United vs Lahore Qalandars match live?The match will be shown in DSport network and can also be streamed on Airtel TV.Where can I check the online live updates of the Islamabad United vs Lahore Qalandars T20 match?You can follow our ball-by-ball-updates of the match between Islamabad United and Lahore Qalandars from our live blog on indiatoday.in/sports.What are the squads of Islamabad United and Lahore Qalandars?Islamabad United: Luke Ronchi (C), Sahibzada Farhan, Asif Ali, Hussain Talat, Faheem Ashraf, Zafar Gohar, Waqas Maqsood, Rumman Raees, Shadab Khan, Mohammad Sami, Ian Bell, Philip Salt, Cameron Delport, Samit Patel, Muhammad Musa, Wayne Parnell, Zahir Khan, Amad Butt, Rizwan Hussain, Nasir NawazLahore Qalandars: Mohammad Hafeez (C), Fakhar Zaman, Haris Sohail, AB de Villiers, Yasir Shah, Sohail Akhtar, Shaheen Shah Afridi, Rahat Ali, Agha Salman, Hassan Khan, Anton Devcich, Carlos Brathwaite, Corey Anderson, Sandeep Lamichhane, Mohammad Imran, Umair Masood, Brendan Taylor, Gohar Ali, Aizaz Cheema, Haris Rauf, David Wiese, Hardus Viljoenadvertisement
Javier Hernández Chicharito realigns focus after missing out on January move Chris Burton Last updated 1 year ago 06:05 2/6/18 FacebookTwitterRedditcopy Comments(0) Getty Javier Hernández West Ham United Mexico Premier League The West Ham striker has revealed that interest was shown in him during the winter window, but he is prepared to fully commit to his current club Javier “Chicharito” Hernandez is prepared to commit himself fully to West Ham after missing out on a January transfer.Having slipped down the pecking order under David Moyes, the Mexico international striker attracted plenty of interest during the winter window.He has admitted as much, with advances from Premier League rivals shunned by the Hammers. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player With the deadline having passed, Hernandez now knows that he will remain in east London until at least the summer, so he is prepared to knuckle down and give his all to the collective cause.The 29-year-old, who has netted two goals in his last four appearances, told West Ham’s official website: “I always try to be a professional and now my head is here 100%.“I will dedicate myself 100% to this team as I had done in all the clubs I have been in, to save us from relegation, which is the goal that we all have, from the coach, the players, all the staff who work at the club, and then also the fans — we will do everything possible to do it.”Moyes may need Hernandez to be at his predatory best over the coming weeks, with West Ham perched just three points above the relegation zone.They have gone three games without a win in the Premier League, and four in all competitions, and there is an acceptance within the camp that more needs to be done to dig themselves out of trouble.Hernandez added: “We have got to be at our best to stave off relegation.“Two weeks ago we were in 10th place, in the middle of the table practically.“Then, you can have two bad results and you are down, or you can have two very good results and you are up. This is how it will be.“We obviously want to be more consistent, which is obviously the key to saving us as soon as possible and not suffering going into the last days [of the season].”
GLENDALE, AZ – JANUARY 01: Head coach Urban Meyer of the Ohio State Buckeyes on the sidelines during the BattleFrog Fiesta Bowl against the Notre Dame Fighting Irish at University of Phoenix Stadium on January 1, 2016 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)Urban Meyer has not been fired by Ohio State and many people believe the Buckeyes’ head coach, despite being placed on administrative leave, will keep his head coaching position at the conclusion of the school’s investigation.However, there are already some speculating about Meyer’s future in Columbus and who might replace him on the sideline if he is fired.One name getting mentioned as much as any is Matt Campbell. The Iowa State head coach is an Ohio native and a rising star in the college football world.If Meyer is done at Ohio State (a big “if,” of course), it would not be surprising to see Campbell get an interview.Campbell recently addressed the rumors. Here’s what he said.“First and foremost I want to address this. I’ve got the utmost respect for those of you who follow our football program. I really appreciate what you do. With that said, over the last few days I’ve gotten some text messages, phone calls, about addressing situations at other institutions … what’s going on at other institutions,” Campbell said. “You need to know this: From my end, I’m never going to talk about what’s going on at other schools, other universities. My sole purpose in my job is to focus on No. 1, my football players, No. 2 our coaching staff, No. 3 our fan base and No. 4 our future of our football program. A lot of you guys know me, a lot of you guys know what I stand for. I’ve always said this, ‘You’re either somebody in this profession who is trying to do something or be something.’“Over the last two and a half years I’ve proven that my whole sole mission is to be here and to do something. With that said, as we go forward, I have the utmost respect for you and the job you have to do, but I’ll only answer questions that pertain to our football program, Iowa State football and our future.”That’s a pretty great response by Campbell.
TORONTO — The Liberal government’s decision to move a planned gas-fired electrical generating station in Oakville to the Napanee area will cost taxpayers $40-million, Energy Minister Chris Bentley said Monday.“I am pleased to advise the House that agreements have been reached which will result in the relocation of the Oakville gas plant to the Lennox facility in eastern Ontario,” Bentley told the legislature.TransCanada Energy will build the proposed 900-megawatt natural gas plant originally planned for Oakville on lands at Ontario Power Generation’s Lennox Generating Station.The Ontario Power Authority will purchase turbines and other equipment meant for the Oakville plant for $210-million, but that was calculated into the new agreement which will pay TransCanada less for the electricity it produces over the 20-year life of the deal, added Bentley.“They will get from the province, when they start producing electricity, a monthly revenue that will be lower than the old contract,” he said.Bentley’s surprise announcement came just hours before the government was forced to release 36,000 pages of documents on the cancelled Oakville project and on another gas-fired station the Liberals halted mid-construction in neighbouring Mississauga just days before last fall’s general election.The government admitted earlier that taxpayers would pay $190 million for the Liberal campaign team’s decision to scrap the Mississauga project, but had warned early release of the documents regarding the Oakville plant would have hurt its negotiating position with the developer.The deal reached Monday morning did not stop criticism from the opposition parties.“After nearly two years and hundreds of millions of dollars, we’re beginning to get some of the facts behind some of these private power deals, deals made by the Liberal party and paid for the by the people,” said NDP Leader Andrea Horwath.“We had a Liberal campaign team ripping up contracts, scrambling to keep them from the public, and the most expensive electricity in the entire nation.”The Opposition called the decisions to cancel the gas plants “a Liberal seat-saver program,” and said holding seats in the suburban area west of Toronto was crucial to the government’s re-election.“The cancellation of two power plants amounted to nothing more than a selfish and desperate political manoeuvre to cling to power,” said Progressive Conservative house leader Jim Wilson.“Moving a power plant to eastern Ontario is building a white elephant, so it tells me that this $40 million is a complete waste of money.”Speaker Dave Levac had given the Liberal government until Monday to turn over the documents on the two gas plants, and found Bentley had violated a member’s privilege by refusing to release them months ago to a legislative committee.The newly-released documents state “political staff were involved” in talks with TransCanada about cancelling the Oakville project, and show the Ontario Power Authority was confused by the Liberals’ promises regarding damages.“Negotiations as to damages are an unmitigated disaster,” government lawyer John Kelly wrote in a May, 2011 email to officials at the Ministry of Energy.“The government has backed us into a corner,” complained Ontario Power Authority vice-president JoAnne Butler in a 2010 email on the Oakville project.“No one seems to know what the government’s promise of ’keeping TCE whole’ means,” warned OPA director Michael Killeavy in an email to Butler.“How do we reach agreement if we don’t know what was promised?”Despite the release of the documents, the Tories vowed to introduce a motion Tuesday declaring Bentley in contempt of the legislature, which would bring all other legislative business to a halt, including the daily question period.“The eyes of the Parliamentary Commonwealth will be watching as the Liberal government’s arrogance and profound sense of entitlement meets this chamber’s powers of accountability,” warned WilsonThe NDP said they too wanted the government held to account for trying to block the release of the documents.“The government was definitely in contempt, the minister was definitely in contempt…and from my perspective that can’t go without some kind of repercussion,” said Horwath.“There’s no way that this government’s bad behaviour can be reinforced by simply closing our eyes and walking away now that they’ve tabled some documents.”
by Barbara Ortutay, The Associated Press Posted May 17, 2016 12:49 pm MDT Last Updated May 17, 2016 at 1:53 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Twitter’s 140 character limit – time to ditch it? NEW YORK, N.Y. – Many Twitter users — and more importantly, the billions more who don’t use Twitter — feel constrained by the company’s somewhat archaic 140-Whoops! That’s what happens when you hit the character limit imposed by Twitter. Is it time to ditch it as Twitter searches for ways to grow its stagnant user base?The limit was created so tweets would fit in a single text message, back when people used Twitter that way. But most people now use Twitter through its mobile app, where there isn’t the same technical constraint.And Twitter users already employ creative ways to get around it. They send out multi-part tweets, or take screenshots of text typed elsewhere.CEO Jack Dorsey, in such a screenshot that he tweeted in January, appeared amused by the fact that people — not to be constrained — are finding creative workarounds such as the text block photos. Maybe it’s something Twitter could build on.“(What) if that text…was actually text?” he mused. “Text that could be searched. Text that could be highlighted. That’s more utility and power.”This suggests that the company is at least thinking about creative ways to keep the spirit of the 140-character limit while giving people more freedom to share their thoughts and rants. But there’s history, nostalgia, and the Twitter brand being inexorably tied to quick, short bursts of text. Twitter is still often described as a “short messaging service,” after all.Dorsey called the limit a “beautiful constraint” that inspires creativity, brevity and a “sense of speed.” Twitter, he wrote, will never lose the feeling.A few months later, Dorsey insisted to “Today” show host Matt Lauer that the 140-character limit was here to stay, even as Twitter itself evolves.But a news report this week, citing unnamed people, said the company was planning to stop counting Web links and photos in the 140 characters, a move that would further erode that limit. Twitter declined to comment on the Bloomberg report.Gartner analyst Brian Blau called the idea “a good compromise.” Twitter already shortens long links to give users more room to write. This might be a logical next step.Easing the character limit, though, might not be enough to reverse Twitter’s stagnation. The San Francisco company, which recently celebrated its 10th birthday, has long lagged behind Facebook as a place for everyone. It has 310 million users, less even than the professional networking service LinkedIn.Facebook, meanwhile, has 1.65 billion users. Even though many people are familiar with Twitter, at least in name, the company has not been able to persuade them to use the service. Twitter remains hard to understand for many people, with its own lingo of hashtags and “at” symbols.Although it makes sense that Twitter doesn’t want to alienate existing users with too many changes, Blau said, Twitter has to “fundamentally revamp the service and make it more appealing to more people.”Getting rid of that limit might be a start. FILE – In this Wednesday Nov. 6, 2013, file photo, the Twitter logo appears on an updated phone post on the floor of the New York Stock Exchange. Is it time to ditch Twitter’s somewhat archaic 140-character post limit? Twitter users already employ creative ways to get around it, and CEO Jack Dorsey has called it a “beautiful constraint” that inspires creativity. But the technical reasons for having the limit in the first place no longer applies. (AP Photo/Richard Drew, File)
Redshirt-sophmore safety Tyvis Powell (23) makes a tackle during a game against Penn State on Oct. 25 in State College, Pa. OSU won in double overtime, 31-24.Credit: Mark Batke / Photo editorTyvis Powell is living a dream.The redshirt-sophomore safety and Bedford, Ohio, native, who came to OSU in 2012 as a top-100 defensive back according to ESPNU, committed to the Buckeyes when Luke Fickell was the interim coach in 2011, amidst the Tattoo-Gate scandal.Powell said Monday that it didn’t matter who the coach was, he was set on being a Buckeye from day one.“This is a dream. You’re not going to give up your dreams. No matter who is the coach, you grow up your whole life and you watch one certain team, and you root for this team all your life, that’s where you want to go,” Powell said. “Your heart is always going to be with that team. The only place I felt like I would give 100 percent effort all the time would be here.”Once in Columbus, however, Powell said he had thoughts about leaving OSU after being redshirted in 2012.“My redshirt year I struggled a lot,” he said. “Adjusting to college and everything, watching everybody else, all my teammates that came in with me were actually playing and me being a redshirt, it was kind of frustrating. I had some doubts about even being here in the first place, I can honestly admit that.”Powell said a talk with his high school coach Sean Williams helped him to realize OSU was the right place for him.“I had a serious conversation with my mentor, my high school head coach, about what I was going through,” Powell said. “He just kind of reminded me why I came here in the first place, and it kind of triggered some stuff off in my head. I just realized that if you really want something, you got to work for it. They are not just going to give it to you.”Just a year later, Powell was appearing in games for the Buckeyes, starting five as a redshirt-freshman and totaling 48 tackles.Powell said he stepped up his work ethic to earn playing time because he did not want to be just another footnote in OSU football history.“People get here and they say, ‘Oh I arrived, I am just happy with being here.’ I kind of fell (in) with that a little bit, but then, like, I wanted more,” Powell said. “I wanted to be known, I wanted to make plays.”His biggest play as a redshirt-freshman came against Michigan when he stepped in front of a pass from then-redshirt-junior quarterback Devin Gardner on a two-point conversion that sealed a 42-41 OSU victory.The play is considered by some to be one of the biggest plays in recent OSU history, but Powell said he was only thinking about one thing when he made the catch.“I just thought it was something that would help get my seniors get their last pair of gold pants,” Powell said.The gold pants being an accolade Buckeyes receive following a win over Michigan, in the form of a small charm that usually bears the players initials and score of the game.Now a redshirt-sophomore and a full-time starter, Powell has made his presence felt again this season as he is currently second on the team in tackles with 40 and is tied with three other players for first on the team for interceptions with two.The second interception proved to be one of the biggest plays of Saturday’s game against Penn State as Powell dove in front of a pass from sophomore Christian Hackenberg in the second half of a 31-24, double-overtime win.Cornerbacks coach and special teams coordinator Kerry Coombs said he was particularly impressed with the play Powell made.“I thought that interception Saturday night was spectacular,” Coombs said. “Coming across the field, running in front of the receiver, laying out and making that play. That’s just typical of what Tyvis is doing right now.”Heading into Saturday’s game against Illinois at Ohio Stadium, Coombs added that the improvement of Powell from last season to this season has been exceptional.“I noticed, I think we all have, in Tyvis tremendous leaps and strides in this season,” Coombs said Monday. “Knowing that he is coming in, he is going to be a starter. There’s a difference when you are fighting to get a job and when you have a job. And he has got a job and so he can take another step, I think, in his development.”Powell said his development has resulted in a practice drill being named after him by the coaches.“We got a drill on Tuesday that he (co-defensive coordinator and safeties coach Chris Ash) calls the ‘Tyvis Powell drill’ where we (just) tackle,” Powell said. “He calls it that, because at first I dreaded it, but now I love it. I embrace it. You got to embrace the things that suck.”Now, being one of OSU’s leaders and having a drill named after him, he still credits Williams for helping him achieve his dream.“At first I thought it wasn’t going to be a reality, but then me and my high school head coach came up with this plan,” Powell said. “I told him I wanted to come here, he said ‘Tyvis, you have the talent to get there and I can show you the way.’ He showed me some things, he created the work ethic inside of me that I didn’t know that I had and that ultimately helped me get here.”Powell said being in Columbus was the only choice entering college, adding he would have walked on as a Buckeye before accepting a scholarship elsewhere.“(It was) OSU or nothing,” Powell said.
Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedAlbion Estate short 600 workers after GuySuCo sacked 3000 from East Berbice EstatesJuly 19, 2018In “Business”Confusion surrounding $2B sent to GuySuCo mirrors Govt’s incompetence -JagdeoAugust 23, 2018In “latest news”The debt ceiling was surreptitiously altered- JagdeoMay 16, 2018In “Business” …says borrowing cost for bond higher than treasury billsThe Private Placement Memorandum for the Guyana Sugar Corporation (GuySuCo) $30 billion bond is now with Opposition Leader Dr Bharrat Jagdeo. In revealing his thoughts, Jagdeo said that he was shocked by the contents of the agreement, which now leaves more questions than answers.Opposition leader Dr Bharrat JagdeoJagdeo reminded that several things were said about the agreement. At one time it was called a bond then a loan and then it was later revealed that Government pledged the assets of the National Industrial and Commercial Investments Limited (NICIL), because the Government did not give any explanations.“I’ve had a copy of the Private Placement Memorandum for the bond – the $30 billion bond and I was shocked,” the Opposition Leader said recently, noting that in reading the memo, he came across details that the proceeds would be used to fund long-term projects and capital expenditure.Jagdeo, an economist by training, said the general perception was that Government was raising $30 billion to spend on GuySuCo, on the remaining three estates. However, the memo tells a different story, as it has stated explicitly that the $30 billion that they agreed to will go to long-term projects instead.“We don’t know what the projects are as yet, but you would recall that this bond is only for five years. So, they’re borrowing on a short to medium term, for long-term projects. You tend to match your borrowing with the life of the project. Normally, we would borrow on concessional terms for long term-projects.”He used the example of the road and airport expansion projects, where there is an option of repayment of 20 or 30 years at one and two per cent interest. These, he said, are long-term projects, “so that you don’t have big balloon payments.”However, Jagdeo said in the case of the GuySuCo bond, this was different because, “In five years, at a 4.75 per cent interest, which is 355 basis points above our treasury bill. The Government of Guyana will have to pay back from the proceeds of NICIL, nearly US$40 million in about five years just to service $30 billion.”The former Head of State said that the sum could have been used to build an entire Marriott Hotel. “And you would recall the money we were trying to borrow against Marriott, the only collateral was the project itself, not a guarantee by NICIL but the project itself. If the project fails, the bank takes the project,” he reminded.In this case, the loan is guaranteed by NICIL, and NICIL would repay the loan and it has a State guarantee. “So, that is it. The borrowing cost is high, higher by treasure bills…significantly. Imagine the Government can borrow now on T-bills, just over one per cent and they want to borrow at 4.75 per cent,” he added.In addition to that, Jagdeo said that the bond would be free and clear of 40 per cent corporate tax, giving the Government a guarantee, which essentially means that it is a tax-free bond to the banks as well.SPU Head, Colvin Heath-LondonNICIL’s Special Purpose Unit (SPU) Head Colvin Heath-London had recently confirmed that over the next few months, special emphasis would be placed on transforming GuySuCo’s economic misfortune into a situation where it was a fully self-sufficient, viable and competitive enterprise.He had disclosed that the Finance and Agriculture Ministries and all of the related industry partners were fully on board with the new Board of Directors’ vision for a new value-added industry and modernised company.Heath-London explained that when the restructuring plans were at a mature stage, then the real benefits would be realised to ensure GuySuCo’s modernisation and return to profitability.He spoke about the sale of prime GuySuCo lands around the country and the new approaches that were being employed by his technical officers.Since his announcement of the bond, concerns have been raised about Government’s vision for the industry and the genuineness of its actions thus far since that very $30 billion could have gone into restructuring the industry while keeping all of the estates open and GuySuCo’s workforce employed and engaged.
By Adam Daly 8 Comments EVERY WEEK, TheJournal.ie offers a selection of statistics and numerical nuggets to help you digest the week that has just passed.€1 million: The value of the heroin seized by revenue officers at Dublin Airport on Tuesday.6 years: The jail term handed to former Anglo Irish Bank CEO David Drumm for his role in a multi-billion euro bank fraud scheme in 2008.78: The percentage of corporate workers who are concerned about mental health.6,000: The number of illegally dumped rubbish bags collected in Dublin’s inner city last year.62: The age that the world’s oldest Sumatran orangutan died at.109: The number of people affected by sex trafficking that Ruhama supported last year.99.6: The percentage of TV viewers in Iceland that tuned in for their national side’s 2018 World Cup opener against Argentina.22,000: The number of passport applications that have taken up to eight weeks to process so far this year, which the passport office apologised for this week.22 years: The jail term handed to James Quinn for the murder of Gary Hutch.€210,000: The fine handed to a Kilkenny Credit Union for failing to balance its main transactional bank account, which exposed members’ savings to a risk of loss.4: The number of awards won by Journal Media at the Justice Media Awards, which recognise and reward excellence in legal journalism. How many passport applications took up to eight weeks to process? It’s the week in numbers Plus: The number of people affected by sex trafficking that Ruhama supported last year. Image: samboal via rolling news Short URL Image: samboal via rolling news 10,851 Views Jun 23rd 2018, 7:00 PM http://jrnl.ie/4083063 Saturday 23 Jun 2018, 7:00 PM Share1 Tweet Email Tweet thisShare on FacebookEmail this article
The number of Victorian students taking up languages has fallen to new lows, according to figures from the Department of Education and Early Childhood Development (DEECD). The DEECD reports the number of primary school students receiving lessons in a language other than English has fallen from 204,693 in 2010 to 174,693 in 2012 – dropping by almost 30,000 students. About 55 per cent of primary school students are currently taught another language, while more than 9,000 high school students have dropped language classes over the last five years. Shadow Parliamentary Secretary for Education Colin Brooks says the drop is thanks to education funding cuts from the Liberal Government. “The Napthine Government should strengthen language programs in schools instead of cutting them,” Mr Brooks said. “Access and opportunity to learn a language should be open to every student across the state.” The Liberals have until June 30 to sign the ‘National Plan for School Improvement” program, based on the Gonski Review. As part of an election promise, the Liberals and Nationals pledged to “close the language gap” and “revolutionise language education in Victoria”. Facebook Twitter: @NeosKosmos Instagram
Réchauffement : l’Inde rappelle aux pays développés leur responsabilitéUn récent rapport publié par l’Administration américaine d’information sur l’énergie (EIA) révèle que la diminution des émissions de gaz à effet de serre des industries occidentales serait plus que compensée par l’augmentation de celles de la Chine et de l’Inde (voir notre article). Mais comme ce fut le cas lors de chacune des sessions de négociations sur la lutte contre le réchauffement climatique, l’Inde rappelle une nouvelle fois les pays développés à leur responsabilité historique.A l’occasion d’un sommet sur le développement durable organisé à New Delhi, le Premier ministre indien Manmohan Singh a insisté sur le fait que c’est aujourd’hui aux pays industrialisés de s’efforcer de réduire leurs émissions de gaz à effet de serre. Responsables de la situation actuelle, ils ne peuvent pas exiger des pays en développement qu’ils paient le prix de leurs erreurs, estime-t-il.À lire aussiBras robotique, astéroïdes et réchauffement climatique, les actus sciences que vous devez connaître ce 26 juillet”Même si l’Inde était capable d’éliminer toutes ses émissions de gaz à effet de serre, cela ne ferait pas de différence significative sur notre climat car nos émissions ne représentent que 4% des émissions totales”, a souligné Manmohan Singh, dont le discours est rapporté par Romandie.com. “Ceux qui ont été les premiers responsables de l’accumulation des gaz à effet de serre et qui ont aussi la plus grande capacité d’agir devraient supporter tout le poids de la responsabilité”, a-t-il estimé.Il est pour le Premier ministre indien évident que nations en voie de développement sont bien moins à blâmer que les pays les plus riches. “Elles ont un besoin beaucoup plus grand pour la poursuite de leur croissance. Ces pays devraient être aidés pour progresser sur le chemin du développement durables”, a-t-il insisté.Toutefois, et malgré ses réticences à s’engager dans un processus contraignant de réduction de ses émissions de GES, l’Inde en avait pour la première fois évoqué la possibilité lors du sommet de Cancun, organisé en décembre dernier. Si ce sommet n’avait pas abouti à la signature d’un accord susceptible de succéder au Protocole de Kyoto lorsque celui-ci arrivera à échéance en 2012, il avait mené à un texte prévoyant la constitution d’un fonds d’aide aux pays en développement, pour lutter et s’adapter au réchauffement climatique. “Cela montre qu’avec une volonté collective, construire un consensus international significatif est encore possible même s’il semble que ce soit plus difficile qu’avant”, a souligné Manmohan Singh.Le 4 février 2011 à 16:58 • Emmanuel Perrin