J.Yanqui ZazaIs it not true that the World Bank stated, “GIVE ME CONTROL OF A NATION’S WEALTH AND I CARE NOT WHO MAKES ITS LAWS?” In fact, historians are still searching for the original author of that quote. However, is the World Bank not dictating onerous policies for poor countries such as Liberia, for example, since it came into existence in 1943?For example, was it not the World Bank that guided Liberia in awarding 66 fraudulent concessionary agreements such as the ExxonMobil concessionary agreement, according to Mr. Robert Sirleaf, son of former President Ellen Johnson-Sirleaf? Was it not the World Bank’s economic prescription that allowed its subsidiary and allies to make money (i.e., fungible) from Liberia’s iron ore, rubber, gold mines, some portion of which the World Bank lent to Liberia?Nowadays, while it lends money to the Liberian government, its 100% owned subsidiary (International Finance Company-IFC) is at the same time usurping business functions of Liberian commercial banks, by lending money to Liberia’s state-owned entities, including the Liberian Electricity Corporation.More so, its subsidiary (IFC) owns a US$19M investment in a gold mining Company that is polluting the Kinjor Community, Grand Cape Mount County; it has also invested US$8m in a gold mine field(Hummingbird) located within four southeastern counties of Liberia. Every country or community should view the ownership of a nation’s wealth within a broader perspective, warned Chief Justice Edward G. Ryan of the Wisconsin Supreme Court in 1873.Commenting on the issue of a nation’s wealth at a graduation ceremony, he stated, “The question will arise…which shall rule-wealth or man; which shall lead-money or intellect; who shall fill public stations-educated and patriotic freemen, or the feudal serfs of corporate capital?” Of course such a warning, which will neither be the first nor the last, has not discouraged a privileged few from accumulating a nation’s wealth at the expense of society.Neither have the countless financial crisis from AD 33, when Roman banking houses issued mass unsecured loans, to the 14th century banking crisis, to the tulip mania in 1637, to the recent 2008 financial debacle, etc., reduced the desire of profiteers to accumulate more wealth. In the case of Liberia, there is enough evidence which should compel our officials to search for an alternative economic system, even if we are to forget about the causes of the fourteen-year civil war.Yet, I do not understand why successive Liberian governments continue to insist on limiting government’s role in the management of its wealth with the hope that profiteers will voluntarily trickle down to the masses some portion of their productive output. Okay, if Liberia’s experience with profiteers is insufficient, are American officials not under the influence of big businesses?Other countries, such as the five countries listed below, do not share Liberia’s view, and have authorized their governments to play a role: (1) Italy: The government has ownership in the world’s 11th largest industrial company with a US$90 billion capitalization called Eni S.P.A. (2) Germany: An entity manages more than 400 German state-owned entities. (3) France: Agence des l’État (APE) manages the state’s holdings in about 70 firms. (4) Japan: Government owns a 34% stake in the Petroleum Exploration Company (JAPEX).. (5) South Korea: Government owns share in the National Oil Corporation (KNOC).Certainly, denying wealth ownership to multinational corporations does not necessarily reduce income inequality as it is in Germany, according to some experts. Then the question is, how did Germany gain trade and budget surpluses, as it has done for the past five years, according to Mr. Michael Pettis. (Forbes Magazine). Mr. Pettis argues that Germany is increasing its savings, thereby increasing deficits of other countries.But nationally, Germany’s increase in savings is not at the expense of funding for domestic programs such as education, healthcare, etc. Presumably, the German government generates adequate revenue in order to finance domestic programs and at the same time increase its surplus. For example, Germany’s 16 states abolished tuition fees for undergraduate students.In order to understand how Germany generates adequate revenue by denying a transfer of wealth ownership to profiteers, let us review its banking system as presented by Mr. Theidor Baums in “The German Banking System and its Impact on Corporate Finance and Governance.” (www.jura.uni-frankfurt.de).Germany divides its bank industry into three layers; Universal banks (Total commercial banks of 340), which includes the three largest banks; Savings banks (total savings banks of 771), which are owned by states and municipalities; and credit co-operative banks (total co-operative banks of 3,346), which are owned by communities, etc.The banking industry, for strategic reasons, owns shares in many companies. For instance, the banking industry owns about 34% of the shares of Mercedes Benz car company. While it does not own a majority stake in many of the 100 big businesses, its votes, coupled with the votes of its subsidiaries, represent about 82% of the votes at meetings of the management board and supervisory board.Additionally, members of the supervisory board elect and dismiss members of the management board, an economic arrangement that increases the influence of stakeholders, and not shareholders. The influence of stakeholders is not limited to state-owned banks and co-operative banks.This is because the supervisory board, the organ that makes important decisions, is made up of equal numbers of employees and representatives of shareholders. Using the Mercedes Benz car company as a test case, in which the banking industry owns 34% shares, stakeholders would have significant influence.Let us assume that there are 100 members of the supervisory board to decide the following: (1) relocate Mercedes Benz car company outside of Germany and (2) to replace qualified workers with substandard employees (of course in order to increase profits). Half of the 100 member supervisory board will be employees and 17 representatives of state/local government (i.e., 34% of the remaining 50 members) will represent the interest of stakeholders.This arrangement creates an opportunity for government to make decisions in the interest of stakeholders and not only shareholders. Instead of using, as an example, Botswana’s economic policy, which allows a government role, let us review the 2015 income statement and balance sheet of the Ghana National Petroleum Oil Company of Ghana. The country has about 10 to 15% stakes in the oil fields in Ghana.This interest has increased the Ghanaian government’s revenue, similar to Botswana’s revenue increase. For instance, in addition to royalty income, it also receives portion of the sale of petroleum products. With additional revenue, Ghana has invested into other profit-making associations and joint ventures (see page # 6 of the 2015 Audited Financial Statements).More so, it allocated funds for future projects and equity funds or sovereign funds. Yes, government employees are corrupt, but private investors, with the desire to make profits, are usually the first to offer bribes to government bureaucrats, according to Transparency International. In some cases, if John Perkins, the author of a book called An Economic Hit Man, is right, bribe purveyors do not accept no for an answer.More importantly, Liberian elites and foreign profiteers who want to expropriate Liberia’s wealth will continue to insist that prohibiting government’s role in the ownership or management of the nation’s wealth is the best way to generate adequate revenue. If such propaganda is correct, Germany will or should be experiencing trade and budget deficits. But this is not the case and there is no wonder why.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
The Caribbean Examination Council (CXC) is to consider a petition calling for all students to re-sit the 2019 CSEC Mathematics exams following serious breaches of the examination regulations, a representative from the Barbados-based institution has said, according to Jamaica Observer.“All of the queries regarding such were [reported] to the head of the department and it’s being worked on. The queries have not fallen on deaf ears so everyone will be notified of a decision in due course,” the representative was quoted as saying by Jamaica Observer.It is unclear who launched the petition that has so far gained 5085 signatures – more than 60 per cent of the 7500 signatures required.According to the report, last week CXC announced that it was investigating a breach in examination security in Trinidad and Tobago, where students were said to have used mobile phones and textbooks during the exam.“It would be unfair if these students are allowed a free pass, and equally unfair if only selected schools/students are allowed to re-sit a supplementary exam. The extent to which exams could have been scanned and shared, not only nationally, but regionally is unfathomable.“Students could have been privy to the exam questions earlier than the start time and they could have sent these images on social media to their counterparts in other schools across the country and Region. The invigilator also could have further compromised the situation by sharing the exam with other invigilators.“Given the conditions and circumstances, it is only fair and just that all students in the entire Region re-sit a supplementary Mathematics exam which should be done before the end of the exam period, June 6, 2019,” a summary of the petition read.
For more information on the Championships, you can visit the Predators Facebook page or you can send an email to email@example.com. FORT ST. JOHN, B.C. – It is now just less than one day away until the start of the 2019 Midget Female Provincial Championships.The Northeast B.C. Midget Predators are hosts to this year’s Championships with the first game taking place tomorrow, Thursday, at 7:45 a.m. as they take on North Shore.Here is the complete schedule for the Championships.- Advertisement –You can come out and enjoy some good hockey and support your local female hockey players.Admission to the Championships is free for all to attend.The 2019 B.C. Midget Female Hockey Championships is taking place on March 21 to the 24 at the North Peace Arena.Advertisement
Hero Caribbean Premier League 2018…Solid batting performances from Brandon King and Devon Thomas saved the St Kitts and Nevis Patriots (SKNP) from what looked like certain defeat at the hands of the Barbados Tridents (BT) on Saturday evening at the Kensington Oval, Barbados.Brandon KingThe Bajans lost the toss and were sent in to bat. They got to 147 – 6 in their allotted overs, but it proved futile as the opposition persevered to achieve the target with 7 balls to spare, as SKNP registered a six-wicket win.SKNP had a nightmare start, losing Chris Gayle on the first ball of the chase, then Evin Lewis (1) two overs later to Mohammad Irfan, both caught behind by Nicholas Pooran. Patriots slumped to 7 – 2.Then King and Thomas made their stand, staging a cautious recovery that propelled their side to victory. They crawled to 100 in the 14th over, but had settled enough and had ample resources in the dugout to pursue the target.King’s 60 included five maximums and four boundaries with a strike rate of over 120, while Thomas’s well played innings of 32 was cut short when he was bowled by Wahab Riaz. His innings was laced with three sixes and two fours.Devon ThomasBen Cutting and Tom Cooper then pushed the Patriots over the line, remaining unbeaten on 29 and 13 respectively. Mention must be made of Irfan’s magnificent spell of 2 – 1 from four overs, three of which were maidens.Earlier, Tridents’ top order stuck it out, with Jason Holder (54) top scoring, while Shai Hope was the next significant contributor with 26. Dwayne Smith (20) and Martin Guptil (19) got quick starts trying to see off the new ball, but their time in the middle was brief.Jason HolderPooran (8) and Steve Smith (4) were removed before settling, as the Tridents’ run rate slowed down as the overs ran out.Cutting and Anton Devcich grabbed two wickets each, while Sheldon Cottrell had one.
Nicola McGeady joins the Alan Brazil Sports Breakfast to round up the latest sporting odds.Coral’s PR manager claims Nottingham Forest will cause Tottenham serious problems in Wednesday’s Capital One Cup tie at White Hart Lane.There’s also a preview of the upcoming Ryder Cup at Gleneagles, along with another busy weekend of Premier League football.Coral is the official betting partner of the Alan Brazil Sports Breakfast
1 Amadou Diawara in action for Bologna Manchester City are leading the race for Bologna star Amadou Diawara.The midfielder has broken into the Italian side’s first team this season and has impressed visiting scouts.Indeed Bayern Munich, Barcelona and Paris Saint-Germain have all watched the 18-year-old several times so far.However, according to Corriere di Bologna, City are currently winning the chase for Diawara’s signature.Incoming boss Pep Guardiola is keen to bolster his midfield this summer and sees the Guinean as an ideal addition.Bologna are aware of mounting interest and are ready to do a deal if someone forks out over £15m.
Letterkenny’s Cathedral Quarter will host a fundraising social night in the Station House Hotel, Letterkenny next weekend. Taking place on Friday, 4th November from 9pm to midnight, music will be provided by Cool Country. Tickets cost €5 and are available at the door or can be purchased from any committee member or from Universal Books on the Church Lane. There will also be a raffle on the night with all proceeds going to the Cathedral Quarter project.Donnan Harvey, Cathedral Quarter secretary, has asked local businesses and the wider community to come out and support the event. “The Cathedral Quarter Social Night is a great opportunity for people to gather together to have a great night as well as raising some vital funds for the project. Our country band will be sure to have everyone on the dance floor for two hand dancing and jiving. We hope to see a great turnout at the Station House Hotel on Friday, 4th November.”For more information on the Cathedral Quarter Social Night, contact Donnan Harvery, Cathedral Quarter Secretary on 086 345 2457 or visit the Church Lane Cathedral Quarter Facebook page.Fundraiser in aid of Letterkenny’s Cathedral Quarter was last modified: October 28th, 2016 by StephenShare 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:Cathedral Quarterfundraiserletterkenny
Urbandale SMR 3:32.88 4/4 Dowling 3:34.50 Jamie Kofron Tipton Discus 142-9 3/26 Tipton 130-6 Jamie Kofron Tipton SP 43-6.75 4/2 West Liberty 42-0 Kerris Roberts Waterloo East 100m 11.93 3/28 Waverly Shell Rock 12.30 Print Friendly Version Micah Poellett Linn Mar 3,000m 10:29.25 3/4 UNI 10:30.00 Wahlert 4x100m 50.52 3/26 Clinton 50.80 Lauren Payne Lewis Central SP 43-0 3/22 Doane 42-0 SC East 4x100m 43.44 4/6 Lynx Invite 43.80 Janette Schraft Glenwood 800m 2:14.95 3/26 Creston 2:16.00 Cauy Spidle Central Decatur HJ 6-8.25 3/22 East Union 6-6 Dimia Burrell Linn Mar LJ 17-10 3/23 IATC at Dubuque 17-8 Grant Brouwer Sibley Ocheyden HJ 6-8 3/19 Corn Palace Indoor 6-6 Janette Schraft Glenwood 3,000m 10:24.68 3/18 Ames 10:30.00 Ashlyn Keeney IC Liberty 1,500m 4:40.07 3/28 North Scott 4:47.00 David Holesinger Dubuque Hempstead 3,200m 9:33.25 3/28 Pleasant Valley 9:35.00 Olivia Nebergall Anamosa HJ 5-5 3/21 RVC Meet at Dubuque 5-5 Brylie Zieisneiss South Hardin SP 46-2.5 3/15 Buena Vista 42-0 High school athletes across Iowa have taken advantage of pristine spring weather to record more than 90 Blue Standard performances to guarantee their spot in the 2019 Drake Relays presented by Hy-Vee.The predetermined Blue Standard qualification standards are based on entries to QuickStatsIowa.com and do not change the entry process or field sizes for high school events. Last year, a total of 131 athletes achieved Blue Standard marks. Athletes have until April 18 to qualify for this year’s Drake Relays presented by Hy-Vee.The Blue Standards were set by the Drake Relays committee based on historical data from the top 25 percent of accepted entries from past Drake Relays. For teams and athletes that do not attain a Blue Standard, the fields will be filled through the same protocol used in previous years. This year’s current Blue Standard achievers include 52 from the girls, plus 38 from the boys field. The high jump has been a particularly fruitful event in achieving the Blue Standard with a total of 18 boys and girls athletes clearing the mark of 5-5 for girls and 6-6 for boys.Iowa high school athletes who record a Blue Standard during April are encouraged to share their unique accomplishment on social media mentioning @DrakeRelays using the hashtags #MYDRAKERELAYS and #BLUEOVALBOUND. All-Session tickets or single session reserved are now on sale at draketix.com/drakerelays or by calling 515-271-3647. For group ticket packages or more information, contact the Drake Ticket Office at 515-271-4949. Linn Mar 4x400m 4:00.19 4/5 Pleasant Valley 4:03 Peyton Steva IC West 100mH 14.63 4/6 IC West 15.10 Cedar Falls 4x100m 49.47 4/6 Assumption 50.80 Noah Fenske New Hampton SP 60-7 4/5 Waverly-Shell Rock 57-0 Marie Hostetler Mid Prairie 3,000m 10:19.93 3/18 Ames 10:30.00 Bettendorf 4x100m 50.34 3/21 Muscatine 50.80 Tamin Lipsey Ames LJ 22-5 4/1 Ames 22-4 Waukee 4x400m 3:22.50 3/28 Waukee 3:23.00 Grace Larkins SE Polk 400m 58.30 3/26 Simpson 59.00 Williamsburg 4x100m 43.42 4/4 Clear Creek 43.80 Darby Thomas CB Abe Lincoln LJ 18-2.75 3/18 Ames 17-8 Kolby Greiner IC West 3,200m 9:32.45 4/6 IC West 9:35.00 Camille Jackson Ames 3,000m 10:26.60 3/18 Ames 10:30.00 Mackenzie Michael Cedar Falls 400m 57.51 4/6 Assumption 59.00 Sharon Goodman Crestwood Discus 132-1 4/5 Decorah 130-6 Assumption SMR 1:48.74 3/28 Mt. Pleasant 1:49.00 SE Polk 4x800m 9:34.64 3/26 Simpson 9:36.00 Logan Jones Lewis Central DT 174-8 4/1 Lewis Central 171-0 Miracle Ailes Keokuk HJ 5-8 3/1 Central College 5-5 Damon Jaeger Western Dubuque LJ 22-5 3/11 UNI 22-4 Auriona Kimbrough Cedar Falls 400m 59.00 4/6 Assumption 59.00 Katie Severt IC West LJ 17-10 3/26 IC West 17-8 Junior Bodden Aplington-Parkersburg HJ 6-6 4/2 Grundy Center 6-6 Lily Meester Mt. Vernon Discus 131-0 4/2 Williamsburg 130-6 Claire Edmondson Dubuque Sr. 3,000m 10:27.75 3/23 IATC at Dubuque 10:30.00 Gabby Guilford Monticello HJ 5-5 3/21 RVC Meet at Dubuque 5-5 SE Polk 4x400m 4:02.48 3/18 Ames 4:03.00 Ainsley Erzen Carlisle 400m 58.96 3/26 Simpson 59.00 Waukee 4x100m 49.32 4/2 Waukee 50.80 Darien Porter Bettendorf 400m 48.51 4/2 North Scott 49.90 Pleasant Valley 4x100m 50.14 3/28 North Scott 50.80 Name School Event Result Date Location Blue Standard Janette Schraft Glenwood 1,500m 4:45.81 4/2 Clarinda 4:47.00 Reagan Dahlquist Waverly-Shell Rock HJ 5-6.25 3/18 Ames 5-5 Ashlyn Keeney IC Liberty 800m 2:15.71 4/6 IC West 2:16.00 Boys Blue Standard Qualifiers Name School Event Result Date Location Blue Standard WDM Valley 4x100m 43.47 4/6 WDM Valley 43.80 Lydia Knapp Panorama Discus 133-8 4/2 Panorama 130-6 Parker Kiewiet Dike-New Hartford LJ 22-9 4/5 Clear Creek 22-4 Zach Beason Mt. Pleasant DT 172-3 4/2 Mediapolis 171-0 Max Murphy Pleasant Valley 3,200m 9:34.71 3/5 UNI 9:35.00 Brylie Zieisneiss South Hardin Discus 147-7 3/25 BCLUW 130-6 Japannah Kellogg Ames HJ 6-6 3/12 Wartburg 6-6 Sara Hoskins Pleasant Valley HJ 5-5 4/5 Pleasant Valley 5-5 Carly King Assumption 400m 56.39 3/4 Assumption 59.00 DM East 4x100m 42.97 4/6 WDM Valley 43.80 Solon 4x100m 50.41 4/5 Clear Creek 50.80 Madison Harms Sergeant Bluff-Luton HJ 5-7 3/22 SDSU 5-5 Sam Hall Dowling 1,600m 4:23.78 4/4 IC West 4:24.00 Ankeny 4x100m 49.04 4/2 Waukee 50.80 Ashlyn Keeney IC Liberty 3,000m 10:06.24 4/4 Washington 10:30.00 Bettendorf 4x100m 43.65 3/29 North Scott 43.80 Katy Stephens WB-ND HJ 5-5 3/26 West Burlington 5-5 Katie Peterson Ankeny 100mH 15.09 4/2 Waukee 15.10 Aguek Deng WDM Valley HJ 6-8 4/6 WDM Valley 6-6 Lexie Magnani Mt. Pleasant SP 42-4 3/26 West Burlington 42-0 Bret Price Boone HJ 6-6 3/23 IATC at Dubuque 6-6 Dowling 4x100m 43.12 3/28 Waukee 43.80 Pleasant Valley 4x400m 4:02.29 4/5 Pleasant Valley 4:03.00 Carter Morton Greene Co. HJ 6-7 3/16 Buena Vista 6-6 Bellevue 4x100m 43.78 4/6 IC West 43.80 Jacob Keller WDM Valley 400m 49.10 4/6 WDM Valley 49.90 43.80 Dowling 4x800m 9:34.13 3/26 Simpson 9:36.00 IC West 4x100m 50.34 4/6 IC West 50.80 Harrison Waylee Urbandale 100m 10.75 3/28 Waukee 10.80 Nick Dejong Pella SP 60-5 4/6 SE Polk 57-0 Braeden Hoyer Northeast HJ 6-9 3/21 RVC Meet at Dubuque 6-6 SE Polk 4x100m 43.76 3/26 Simpson 43.80 Waukee 4x100m 42.82 4/5 Cam Jones CR Kennedy DT 175-8 4/2 Western Dubuque 171-0 Grant Kelchen Western Dubuque HJ 6-6 3/28 Pleasant Valley 6-6 Girls Blue Standard Qualifiers Keith Kehana South Tama HJ 6-6 4/2 South Tama 6-6 Michael Keegan Beckman Catholic HJ 6-7 3/16 Grinnell College 6-6
It’s all downhill for Michael!When the white Christmas he forecast didn’t transpire, Ireland’s most famous amateur weatherman thought things were going downhill.But this morning postman Michael Gallagher proved a point as he took to the snow-covered hills of Donegal on his skis.And the forecast from Michael is that winter still has a sting in its tail. Michael, who predicts the weather through the behaviour of plants and animals, was up early to take advantage of a heavy snowfall in the North-West.The amateur weatherman took to the hills between Glenfin and Glenswilly using skis he was given by some Norwegian friends.“We have lots of snow up here and it was great to get the skis out and go for a wee spin,” he said.And Michael said that while the current storms may keep heavy snowfalls away, he still thinks there is plenty more of the white stuff to come. “I certainly think we will have a sting in the tail. We could have a very cold spring.“The current storms means that we probably won’t get heavy snowfalls for the moment.“But I think that come the middle and end of February, it could turn very cold and we could have some more snow,” he said. MICHAEL IS DELIGHTED HIS PREDICTION FOR SNOW IS ALL DOWNHILL! was last modified: February 1st, 2014 by StephenShare 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:glenfinglenswillyMichael Gallaghersnow
The tragic seamen who perished when the HMS Racoon sunk off Malin Head 100 years ago will be remembered with a touching centenary commemoration organised by Rathmullan History Society.Seventeen of the men were laid to rest at St. Columb’s Church of Ireland graveyard in Rathmullan.Rev. Harry Gilmore will lead a prayer, with children from St. Joseph’s National School laying a flower for each individual seaman on the grave. The commemoration will take place on Tuesday the 9th of January at 1pm.A spokesperson for Rthmullan History Society says:”We welcome everybody who would like to pay tribute to these unfortunate seamen who lost their lives so tragically, far from home on a freezing January morning one hundred years ago.”Source: Rathmullan History SocietyTragic seamen of the HMS Racoon to be remembered with touching centenary commemoration was last modified: January 6th, 2018 by Elaine McCalligShare 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:centenarycommemorationcrewhms racoonrathmullan history society