CBL, Senate and House Banking Committees Hang Heads

first_imgCBL Governor Milton A. WeeksThe Central Bank of Liberia (CBL) and the House of Representatives and Senate standing committees on Banking and Currency, have agreed to collaborate to promote the development and security of the financial services sector of the country, a release from the CBL has said. The institutions said it is in the interest of all for an open line of communication between the CBL and the Committees for the common good of the country and its people. The commitments were made in Monrovia, during recent comprehensive meetings between executives of the CBL and the Senate and House’s Standing Committees on Banking and Currency.The parties, among other issues, discussed the continuing depreciation of the Liberian Dollar and its impact on the purchasing power of citizens and efforts by the CBL to intervene in the foreign exchange market to help smoothen the volatility. Discussions also centered on the country’s dual currency regime and its impact on the economy as well as ongoing efforts by the CBL to withdraw from the banking system mutilated Liberian Dollar banknotes. Discussions also focused on the challenges facing the Insurance Sector of the country; the establishment of a Banking Institute of Liberia as well as security concerns in the financial sector.During the meeting, the Executive Governor of the CBL, Milton A. Weeks, welcomed the interaction between executives of the bank and the lawmakers. The Governor assured members of the Committees of his commitment to collaborate and cooperate in a spirit of transparency and fairness in promoting the objectives of the bank. Governor Weeks noted that the Committees’ willingness to meet with the CBL to discuss pertinent issues affecting the sector demonstrate the lawmakers’ desire for constructive engagement and positive impact on the Liberian people. The CBL Governor expressed thanks that both Committees would remain open for ongoing discussions as the bank seeks to implement policies that would benefit the government and its people, thereby promoting the pro-poor agenda of the government.The Chairman of the House Committee, Montserrado District # 16 Representative Dixon Sebo, and the Senate’s Committee Chairman, Grand Gedeh County Senator Marshall Dennis, in separate responses assured the CBL that the Committees would remain engaged in discussing the programs and status of the bank. His Committee’s role, Representative Sebo said, is to work closely with the CBL to improve the financial sector. For his part, Senator Dennis welcomed the engagement and noted that such interaction would help inform lawmakers about developments at the CBL and within the financial services sector of the country, thereby cutting back on the need for continuous summons of CBL executives at the legislature.The respective meetings were attended by the members of the House Committee on Banking and Currency, namely, Hon Ben A. Fofana, Hon Joseph P. Kolleh, Hon Richard N. Koon, Hon Ivar K. Jones, Hon Mathew G. Zarzar, Hon Hanson S. Kiazolu (Co-Chair) and Hon Dixon W. Sebo (Chair). The Senate Committee on Banking and Currency was represented by its Chairman, Grand Gedeh County Senator Marshall Dennis; Maryland County Senator Gblebo Brown; Bong County Senator Henry Yallah; Grand Gedeh Senator Alphonso Gaye; and Sinoe County Senator J. Milton Teahjay. The sides have agreed to meet at least quarterly to discuss pertinent issues facing the financial sector. The meetings were also attended by the Deputy Governor for Economic Policy at the CBL, Dr. Mounir Siaplay and the Directors of Regulation & Supervision; Research, Policy & Planning; Finance; Legal; Banking, Payment Systems, Financial Markets and the Financial Sector Development Unit of CBL.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Winternationals: Schumacher, Scelzi meet their goal

first_imgBack in businessJerry Toliver has done it once again. The Funny Car driver who introduced Mad magazine, World Wrestling Entertainment and Schick’s into drag racing, unveiled another first-time sponsor, Rockstar Engery Drink, for his return to the class after a two-year layoff. He hopes to have his Toyota on tour by March in Gainesville, Fla. Pit stopsTony Schumacher, who completed the greatest comeback in NHRA history to win the Top Fuel championship in 2006, was officially awarded a trophy and watch symbolic of winning the fourth quarter voting for Driver of the Year. NASCAR’s Jimmie Johnson won the 2006 award. … Greg Anderson said his team learned from a mistake on Friday, rebounding to take the top qualifying spot. “I’ve had a great weekend so far,” said Anderson. “I’ve had a ball this weekend. We have a lot of neat new things we brought to the track this weekend. It took a lot of work over the winter. You never know what you have until you get here.” Schumacher won his fifth No. 1 at Pomona Raceway, and third in the Winternationals, with a run of 4.472 seconds at 331.36 mph. Scelzi saved the best for last, vaulting to the top with a pass of 4.692 at 333.49 on his fourth and final qualifying run. “Running four passes in a row like that is more impressive to me than being No. 1 qualifier,” said Schumacher, the U.S. Army-sponsored driver who is the three-time defending champion. POMONA – For Tony Schumacher and Gary Scelzi, teammates for Don Schumacher Racing, consistency was the goal during qualifying for the Winternationals. Being that both finished atop the Top Fuel dragster and Funny Car fields, the goal was achieved. center_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Warriors’ Klay Thompson brilliant in Game 4 return despite loss

first_imgWhat injury? Klay Thompson looked as good as ever to start Game 4 of the NBA Finals Friday night.Unfortunately for the Warriors, Thompson was about all that was good offensively against the Raptors, who stunned Golden State 105-92 to grab a 3-1 series lead.The Warriors’ star guard, who sat out Game 3 with a strained left hamstring suffered in Game 2, returned to Oracle Arena with a vengeance. Any fears his hamstring would hamper him evaporated quickly as he buried six of his first nine …last_img

Climate Change Is Just a Theory

first_imgIn fact, I just saw an article on Twitter the other day about a surprisingly large number of skydivers who have been reported as missing because they jumped out of a plane and were never seen again. I think Earth now has, in addition to the ozone layer, a skydiver layer. That’s my “theory.” (Or is it an alternative fact? I get those confused sometimes.)Who gave scientists such an exalted position in the world anyway? We’re talking about people who could have been arrested for indecent exposure (Archimedes), are self-confessed trespassers and safe crackers (Richard Feynman), and who were illegal immigrants (all those Jewish scientists who escaped Nazi Germany). These are people so vain they’ve got at least five different varieties of “Luxuriant Hair Clubs.”Climate change is just a theoryThis conspiracy is so deep it goes all the way back to 1827, when the French scientist and mathematician Joseph Fourier made up the idea of a so-called “greenhouse effect.” Well, I don’t think he called it that, but that’s what he did. He of course tried to confuse everyone by using fancy math and calculating things that ought just to be left alone.But hey, Fourier was a Frenchman. He probably had the Paris Accord in mind when he did that work, knowing that the United States would need to brought to its knees right about now.Now we have all those scientists working on climate change. And I can tell you for a fact (straight-up, not alternative), not all of them would qualify for the The Luxuriant Flowing Hair Club for Scientistsâ„¢ (LFHCfS). Just take a look at the pate of that Michael Mann guy. If he spent more time sawing lumber instead of counting tree rings or playing hockey instead of graphing hockey sticks, he might have kept some of that hair he used to have. (He’d probably have fewer fingers and teeth, though.)It’s just a mass piling-on of all the scientists out there now. They’re calculating and compiling and combobulating all the data they can find to corroborate their “theory of climate change.”You know what happens when a lot of scientists work on one thing? Bad things happen! Think about it. Remember the Manhattan Project? A lot of the world’s best scientists (including the trespassers, safe crackers, and illegal immigrants mentioned above, but no flashers as far as I know) got together and invented nuclear weapons. Now we’ve got a crazy guy with a bad haircut who could send them to kill millions of people any time he gets the urge.The reality of scienceOK, clearly what I wrote above is over the top. (Or is it so clear? It’s getting hard to tell these days.) Science has led to a lot of amazing accomplishments over the past couple of millennia, especially since the Industrial Revolution.Here’s how science really works. When you throw out a crazy idea (e.g., “not all skydivers fall to the ground”), that’s a hypothesis. It’s not a theory. Not even close. For something to be called a theory, it’s got to have some significant experimental evidence behind it. And it has to be something that leads to new predictions that can be tested. As scientists continue to find supporting evidence and refine the theory, it eventually becomes a scientific law.That’s how science works. In the case of climate change, we have huge masses of evidence — literally, in the case of the disappearing Arctic sea ice and the collapsing Antarctic ice shelf. When the vast majority of scientists who work in this field agree that climate change is real, when they’ve calculated a 95% probability that we humans are the cause, and when the main opposition is political, I’ll put my money on science.The U.S. is certainly free to leave the Paris Accord and abdicate its leadership role in this important realm. It won’t help us, though. And it certainly won’t help us do what needs to be done to battle the very real problem of climate change.I’ll end by quoting Neil deGrasse Tyson: “The good thing about science is that it’s true whether or not you believe in it.” Allison Bailes of Decatur, Georgia, is a speaker, writer, building science consultant, and the author of the Energy Vanguard Blog. You can follow him on Twitter at @EnergyVanguard. RELATED ARTICLESGreen Building in the Trump EraThe Paris Agreement on Climate ChangeReport Warns That Climate Change Efforts Are Too Slow Carbon Fees Are Not the Best Solution to Climate Pollution Nine Surprising Signs That Momentum Is Building for Climate ActionHoping for a Climate Change BreakthroughTaking Action on Climate ChangeHalf of All Americans Worry About Climate ChangeGood News Bad News With Climate ChangeSeeking Common Ground on Climate Change PolicyScience, Climate Change, and Policy So the United States has announced it’s withdrawing from the Paris Accord, the international agreement with nonbinding measures to mitigate the effects of climate change. Now everyone’s up in arms, speaking in exasperated tones about the travesty of this decision.“But… but… the science,” they say. Yeah, let’s talk about science.Is science really all it’s cracked up to be?One of the most important facts about science is that you can never absolutely prove anything with it. Let’s take gravity as an example. Isaac Newton is famous for that whole apple-falling-out-of-the-tree thing and his “law of universal gravitation.” The apple falls. He writes an equation. And introductory physics students are punished for centuries.But he could be wrong. What if a skydiver jumps out of a plane and never hits the ground? That’s the end of gravity. All it takes is one case of something not following the scientific idea — whether hypothesis, theory, or law — and that idea is dead. That’s how science works.last_img read more

Summer of Hype: Mayweather, McGregor know how to sell a show

first_imgWhat ‘missteps’? Don’t miss out on the latest news and information. LATEST STORIES Heart Evangelista admits she’s pregnant… with chicken They’ll use those gifts to ratchet up the hype during a hot summer culminating in their desert showdown. Along the way, they might even sell the skeptical portion of the public on a fight that — as even its promoters acknowledge — could turn out to be a colossal mismatch.Mayweather apparently learned about McGregor’s verbal skills even before his fighting acumen, according to Mayweather adviser Leonard Ellerbe. McGregor rapidly rose from obscurity to multi-division UFC dominance only because he coupled his mixed martial arts skills with attention-grabbing soundbites.“This kid, he’s been making a lot of noise,” Ellerbe said, recalling the reason that he first introduced Mayweather to video of McGregor’s punching power.In this file photo, Conor McGregor stands on a scale during the weigh-in event for his fight against Eddie Alvarez in UFC 205. APMayweather and McGregor have traded innumerable shots online and through the media while this fight evolved from a preposterous barroom fantasy discussion into a real thing.McGregor even talked about it back in 2015, when he told Esquire that he would “kill (Mayweather) in less than 30 seconds” and affirmed his interest in the bout while appearing on Conan O’Brien’s talk show.ADVERTISEMENT MOST READ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Curry, Durant committed to keeping Golden State on top McGregor ignited the hype in May 2016 by posting a mock-up of a fight poster on Twitter. Mayweather responded three weeks later with his own less polished version of a poster, and the unbeaten champion claimed he had started the rumors of a McGregor bout.With little to lose and immeasurable wealth and fame to gain, McGregor used his public platform in promoting his UFC bouts last year to take repeated jabs at the 40-year-old Mayweather’s age, declining skills and unwillingness to end his retirement.McGregor turns 29 next month, making him decidedly middle-aged in pro sports, yet he takes humorous delight in painting himself as a raw youngster going against a grizzled old-timer.As recently as December, Ellerbe said a Mayweather-McGregor fight would never happen because the UFC’s top brass wouldn’t allow it. UFC President Dana White also acknowledges he was once lukewarm about the possibility, believing Mayweather wouldn’t risk his legacy.And then in January, McGregor posted a cartoon on Instagram in which he stood over a flattened Mayweather, holding both fighters’ championship belts aloft. As a bonus, McGregor’s caption read: “Call me CJ Watson!” in a biting reference to the former NBA guard who had a relationship with Josie Harris, the mother of Mayweather’s children.Mayweather replied eight days later with an Instagram post of an infographic comparing the fighters’ net worth. In the caption, Mayweather instructed McGregor: “Before you ask for $25 million, be worth more than $25 million.”Vegas sports books introduced a betting line on the bout in February.Mayweather had clearly warmed to the idea of fighting McGregor by March, when he told fans in Britain that he would come out of his latest retirement to take on the challenge. That same month, McGregor showed up in a fur coat at fellow Irishman Michael Conlan’s boxing debut at Madison Square Garden and harangued the assembled media with a rant punctuated by his latest catchphrase: “I am boxing!”After posting a video on April 20 in which he shadowboxed and insulted Mayweather’s courage, McGregor took a brief break from his social media pursuit of Mayweather after his first son was born in May.Mayweather went back to his usual retirement métier: Posting photos of himself surrounded by the trappings of outlandish wealth. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ 1 dead in Cavite blast, fire And then the megafight was on, after remarkably simple negotiations among the UFC, Mayweather Promotions and Showtime.A national press tour is expected to kick off soon. Mayweather and McGregor will spend the summer showing off their promotional gifts for a fight that started as a social media argument — and became the main event of the year.Sports Related Videospowered by AdSparcRead Next World’s 50 Best Restaurants launches new drinking and dining guide Heart Evangelista admits she’s pregnant… with chicken Lacson: SEA Games fund put in foundation like ‘Napoles case’ WATCH: Firefighters rescue baby seal found in parking garage Mayweather and McGregor revealed their plan Wednesday (Thursday Manila time) to fight on August 26 in Las Vegas. In an appropriate move for a fight that grew into reality after two years of verbal jousting and several months of social-media skewering, the two titans of their respective sports confirmed the news on their Instagram accounts.And in another preview of what everyone should expect during their summer of promotion, McGregor’s post included his photo opposite Floyd Mayweather Sr., the boxer’s 64-year-old father, with a straight-faced caption: “THE FIGHT IS ON.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutFew athletes in recent sports history have sold their sports better than the imperious Mayweather and the loquacious McGregor.Both fighters have spent years crafting outlandish public personae characterized by a few common themes: cartoonish arrogance, a fetishistic obsession with money and an eagerness to make reckless pronouncements about their opponents, their opponents’ fans — and, increasingly, each other. Floyd Mayweather Jr. attends a news conference Wednesday, April 29, 2015, in Las Vegas. Mayweather will face Manny Pacquiao in a welterweight boxing match in Las Vegas on May 2. APNobody truly knows whether Floyd Mayweather’s boxing match with Conor McGregor will turn out to be a unique spectacle or an overhyped debacle.The only certainty is that the next 2½ months of hype will be a masterpiece of fight promotion from two of the best ever to play that game.ADVERTISEMENT View commentslast_img read more

Report: Duke’s Jahlil Okafor In Phenomenal Shape, Looks “As Lean As Ever” Preparing For NBA

first_imgJahlil Okafor reacts to scoring a basket.CHAPEL HILL, NC – MARCH 07: Jahlil Okafor #15 of the Duke Blue Devils reacts after scoring against the North Carolina Tar Heels during their game at the Dean Smith Center on March 7, 2015 in Chapel Hill, North Carolina. (Photo by Grant Halverson/Getty Images)With the NBA Draft set to take place near the end of June, some of the top prospects in the country are currently in Santa Barbara, Calif., working out. Duke’s Jahlil Okafor, the potential No. 1 overall selection, is among the crop of players preparing for the draft at P3 Applied Sports Science, a training center in California. He reportedly looks pretty great. At @P3sportscience in Santa Barbara watching @BDA_Sports draft prospects working out today & tomorrow. Great group. pic.twitter.com/MheJn4MuLD— Jonathan Givony (@DraftExpress) May 6, 2015At @P3sportscience: Jahlil Okafor, Frank Kaminsky, Stanley Johnson, Kelly Oubre, Robert Upshaw, Joe Young, the Harrison twins, and many more— Jonathan Givony (@DraftExpress) May 6, 2015Jahlil Okafor has only been here for four days, but he came in phenomenal shape. As lean as I’ve ever seen him. Hasn’t been vacationing…— Jonathan Givony (@DraftExpress) May 6, 2015Okafor played this past season at 270 pounds. A leaner, more explosive Okafor would be pretty unstoppable. The NBA Draft is set to take place June 25.last_img read more

Ajay Kumar Bhalla is new home secretary

first_imgNew Delhi: Ajay Kumar Bhalla, currently serving as an officer on special duty in the home ministry, was appointed as the new Union home secretary on Thursday, an official order said. The Appointments Committee of the cabinet headed by Prime Minister Narendra Modi approved Bhalla’s appointment as the new home secretary. He replaces Rajiv Gauba, who was appointed as the new cabinet secretary on Wednesday. Bhalla, a 1984-batch Assam-Meghalaya cadre IAS officer, served as the Union power secretary, before being appointed as an officer on special duty on July 24. He will have a fixed two-year tenure till August 2021 as the home secretary.last_img

Music industry struggles to shake ugly legacy of sex drugs and rock

first_imgAs the explosive #metoo movement is upending patriarchy in Hollywood and politics, the music industry, too, has been awakening to deeply ingrained gender inequities and increasing pressure to change its ways, said Melissa Auf der Maur. Nevertheless, reaction by the music industry has been swift and strong. TORONTO — Allegations of sexual misconduct swirling around pop-rockers Hedley have put the spotlight on an industry long defined by the mantra of sex, drugs and rock ‘n’ roll — but several music veterans believe a powerful sea change is already well underway. “I certainly know people who’ve been involved in high-profile sexual harassment cases, board members who were unaware of what happened,” he said. “With every decade there have been efforts to try to address this inequality.” Advertisement “In my humble experience, ‘rock and roll cliches’ include: being paid in beer. eating beef jerky for breakfast. sleeping on floors. washing your underwear in a sink,” tweeted the outspoken frontwoman of the Toronto band, adding that until abuse of power is acknowledged as such, the music industry is an unwelcoming and unsafe place.in my humble experience,“rock and roll clichés” include:being paid in beer. eating beef jerky for breakfast. sleeping on floors. washing your underwear in a sink. “abuse of power” is abuse of power & until the industry calls it as such, it is an unwelcoming/unsafe place. bye https://t.co/b1BxRttDWS— Leah Fay ? (@leah_fayy) February 15, 2018 Members of the band Hedley pose on the red carpet during the 2015 Juno Awards in Hamilton, Ont., on Sunday, March 15, 2015. Allegations of sexual misconduct swirling around Hedley have put the spotlight on an industry long defined by the mantra of sex, drugs and rock’n’roll. – THE CANADIAN PRESS / PETER POWER Anonymous claims about sexual misconduct involving young Hedley fans emerged last week, allegations that the band has said are “unsubstantiated.” “It’s a very, very incredible and strange moment for all of us because as individuals we really have to soul-search during this time on where we’re going to put our efforts,” Auf der Maur said. In addressing the controversy on Facebook, frontman Jacob Hoggard and band members Dave Rosin, Tommy Mac and Jay Benison noted the music industry “does not exactly have an enviable history of treating women with the respect they deserve” and acknowledged that in the past they have “engaged in a lifestyle that incorporated certain rock ‘n’ roll cliches.” Facebook “And I think it will.” “I’ve put on two music festivals a year for the last eight years and I’ve never run into a jerk,” she said. “I know what’s going on in my world.” And while it might be tempting to assume that someone must have known something whenever scandals such as these arise, he said that’s not always the case. LEAVE A REPLY Cancel replyLog in to leave a comment “What we’ve now seen is that when someone is crossing the line, someone is going to vocalize that that is wrong prior to what they would before the #metoo movement,” Lefsetz said by phone from Santa Monica, Calif. Advertisement Auf der Maur now runs an art centre that specializes in music festivals and art shows and said she goes out of her way to make sure she surrounds herself with “the right people.” Cassandra Szklarski / The Canadian Press He acknowledged that superstar acts can be surrounded by yes-men whose livelihood might depend on acquiescing to every demand. But that kind of power imbalance is quickly evaporating, he insisted. “We were the Lollapalooza alternative nation there — we were the reaction to the gross hair metal and all the ridiculous extension of the ’70s and ’80s and we were a mass improvement. And it’s only gotten better,” she added on a call from her home in Hudson, N.Y. By the time the Canadian expat began touring in the ’90s, she said, the more overt sexism of the ’70s and ’80s seemed to be dying off, at least in her own tight-knit alternative scene. “It’s hard to know what to do. We all have to listen to ourselves and learn from this.” The comments did not sit well with July Talk singer Leah Fay, who took to Twitter on Thursday with her own call to arms. “There was none of that at Lollapalooza. (Bands and artists including) Pavement, Rage Against the Machine, Beck, Sonic Youth — none of us would do any such things,” she said by email, before elaborating further by phone. “We’re dealing with how things have been done for years, which is not an endorsement of that, but change happens slowly and hopefully this will predict swifter change in the future,” said the author of the Lefsetz Letter, a popular music industry newsletter. Login/Register With: Still, she admitted these are challenging times. Music industry analyst Bob Lefsetz wasn’t familiar with the Hedley case, but credited the #metoo movement with ushering in what appears to be greater industry willingness to confront hard truths and rectify past wrongs. Within days the quartet was dropped by its management team, ditched by the opening acts on their cross-Canada tour and blacklisted by radio stations including the CBC and more than a hundred Bell Media outlets. Advertisement Twitter “The climate is different and there’s all kinds of improvements happening at large,” said Auf der Maur, whose heyday as a bass player included stints with the ’90s bands Hole and Smashing Pumpkins. Auf der Maur didn’t comment on the Hedley allegations but said she’s observed from afar those so-called rock ‘n’ roll cliches, although she herself has never experienced them. “Just because they’re the manager of the company does not mean they know. It also does not mean they didn’t know.”last_img read more

City crews to use new pothole patching machine this week

first_imgFORT ST. JOHN, B.C. — After several weeks of using a temporary fix to fill potholes, crews with the City of Fort St. John will begin using a more permanent fix on the road hazards with the help of a fancy new gadget.The City’s General Manager of Integrated Services Victor Shopland said that crews have been out using cold-mix to fill in potholes around town since the snow started clearing up several weeks ago. However, he said the mixture is only useful when temperatures are still too cold for paving crews to begin working.Shopland said that starting this week, summer crews will be out using ‘hot-mix’ asphalt to more permanently fill in and seal the holes, and will also be using a new pothole patching machine. The City purchased the machine last fall, and will start training on using the device over the next few days. The machine works by heating up the road surface to a temperature where the road surface can be raked up and then smoothed out to repair the road almost seamlessly. Shopland said that for areas that are particularly pothole-ridden, DGS Astro Paving will be contracted out to do hot-in-place paving, recycling the existing asphalt to create a new road surface. He said that areas such as the south end of 86th St, the intersection of 100th and 100th, 102nd St. near 112th Ave., and east of the Medical Clinic are particularly rutted and will need work.Shopland added that crews will also continue the street paving operations that have been occurring since snow last fell in early April.last_img read more