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NIS recorded successive deficits since 2015 – GM

first_img– GuySuCo among biggest defaultersThe National Insurance Scheme (NIS) has been recording successive deficits over the past few years. This is according to the entity’s General Manager, Holly Greaves, who appeared before the Parliamentary Social Services Committee (PSSC) on Monday.NIS General Manager Holly GreavesAccording to Greaves, NIS has had to deal with the effects of a consistently aging and retiring population; a situation not likely to have been helped by the firing of thousands of sugar workers under the coalition Government.“For the last three years we have recorded deficits, but what we are doing now is (trying) to get into some (of) those areas that we have contributors and undertake feasibility studies to see how best we can increase our contributing population,” she informed the committee.When it comes to the Guyana Sugar Corporation (GuySuCo), Greaves revealed that it may come down to litigation in order for NIS to get some $250 million in interest owed on a $1.5 billion debt the corporation had previously cleared.This raises serious questions, as an employer is responsible for remitting money from individual workers’ salaries to NIS. If this was not being done, however, a likely question is: where was the money going all this time prior to the clearance of the debt?Economic Advisor to the Opposition, Dr Peter Ramsaroop, predicted in February that the NIS would “go belly up” – a direct result of the management of GuySuCo.According to Dr Ramroop, “The President, or his Finance Minister, clearly did not think through the long-term impact of shutting down an entire industry (and) placing thousands on the breadline at the same time.”According to Dr Ramsaroop, “NIS is already in trouble. (It is) no way near to being a fiscally solid institution with its expenditure outstripping revenue in recent years, along with (it having made) some bad investments.”He explained that the institution currently spends more than it earns, and has had to regularly tap into its reserves to make basic payments. “So I am extremely worried that when the euphoria of the part-severance payment wears off and life sets in, what the long-term economic effects will be.”Dr Ramsaroop said the prevailing social circumstances were ripe for a large number of the laid-off sugar workers and their dependent family members in the near future – say three to five years – to make claims on the NIS, since they are of the belief that their contributions would have been made by GuySuCo.“Remember, we are talking about medical benefits that these now sick and unemployed sugar workers will be looking to claim,” the financial analyst said, as he predicted widespread chaos in the near future when thousands of workers turn up to make claims at the NIS only to realise they have “nothing to get”.He informed Guyana Times that, based on available data, GuySuCo owes NIS in excess of $1.5 billion in contributions from sugar workers.last_img read more

Unselfishness key to Liverpool’s free-scoring front three – Salah

first_imgSalah has won a series of individual prizes as he has contributed 44 of the 90 goals Liverpool’s front three have scored this season.But the goals have been far more evenly spread in the Champions League.“It doesn’t matter who scores,” Salah told“Winning games, getting points, that’s the most important thing for us because as you can see, I’ve scored ten goals in the Champions League, Sadio nine, Firmino ten, so all of us are the same.“None of us is selfish or only wants to score. We try to help each other to score goals.”The Egyptian, who had a disappointing spell at Chelsea, has been a revelation since his return to England last summer from Roma.His form has led to Saturday’s clash in Kiev being billed as a Ballon d’Or decider against five-time World Player of the Year Cristiano Ronaldo.And he stressed the importance of maintaining that form for a number of years to match Ronaldo or Barcelona’s Lionel Messi.“The most important thing is to maintain that level, to (keep) doing what I’ve done next season as well,” he said.“I believed (that I was capable of this form). I was at Roma for two years, had two great seasons there and everyone told me to stay, but it was in my mind to come and be successful in England.”The contrast in experience will be stark in the Ukrainian capital as Madrid seek a fourth Champions League in five seasons.By contrast, despite Liverpool’s storied history in the competition, none of Jurgen Klopp’s squad have ever played in a Champions League final.“They’ve won the Champions League three times in the past four years, so they have a lot of experience,” Salah said.But he said the single-game format improves Liverpool’s chances.“It’s one game, not two, so we just need to focus and not think about anything in the past. When you get to the game it’s just 11 against 11.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Liverpool’s Mohamed Salah, Sadio Mane and Roberto Firmino have scored 29 goals in the Champions League © AFP / Francisco LEONGKIEV, Ukraine, May 25 – Liverpool’s Mohamed Salah admitted it would be “a dream” to cap a sensational debut season at Anfield by ending Real Madrid’s European reign in Saturday’s Champions League final.However, Salah says he would be happy if Roberto Firmino or Sadio Mane grabs the goal that takes the Reds to a sixth European crown.last_img read more

Auto sales headed for a weak month

first_imgJesse Toprak, chief economist for the auto information site, predicts Honda Motor Co. will be the only automaker to report an increase in sales, helped by the arrival of the 2008 Honda Accord. Automakers are scheduled to report September sales Tuesday. “No one is immune to this general weakness we have in the marketplace,” Toprak said. Auto sales will probably be down 4 percent compared with last September, JPMorgan auto analyst Himanshu Patel said. Patel predicts Ford Motor Co. will be among the weakest performers, with double-digit declines from last September, as the automaker cut back on incentives as well as sales to rental car companies. Patel said GM should be flat while Chrysler LLC will also see some declines. Ford’s slide in U.S. market share should be a source of concern for investors, Lehman Brothers analyst Brian Johnson said. Johnson said Ford’s retail sales – which don’t include sales to rental, government or corporate fleets – are down about 10 percent for the year, as Ford’s aging F-150 faced increasing competition from newly redesigned GM pickups, the new Toyota Tundra and high incentive spending on the Dodge Ram. The success of Ford’s crossovers are also eating into sales of its midsize sport utility vehicles, Johnson said. After a slight uptick in August sales, September will fall back into the sluggish pace the industry saw in June and July.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! By Dee-Ann Durbin THE ASSOCIATED PRESS DETROIT – September auto sales are expected to be weak due to a credit crunch, high gas prices and the troubled housing market, reflecting an overall slowdown for the year but little effect from the brief strike against General Motors, industry analysts say. Indeed, the effects of the two-day strike could be small in what could become the most sluggish year for sales since 1998, according to industry experts. last_img read more

Guardiola wanted Brazil World Cup job, insists Barcelona star

first_imgBarcalona defender Dani Alves has revealed that Pep Guardiola wanted to be Brazil coach ahead of last summer’s World Cup.Guardiola was linked with the role in the wake of Mano Menezes’ dismissal in November 2012, but the Brazilian federation instead opted to bring 2002 World Cup winning coach Luiz Felipe Scolari back for a second spell in charge.The hosts’ tournament ended in the humiliation of a 7-1 semi-final defeat to Germany and a 3-0 beating by Holland in the third-place play-off.And Alves, who enjoyed supreme success under Guardiola at Barcelona, has hit out at the CBF for failing to appoint the current Bayern Munich boss when they had the chance.Alves told ESPN Brasil: “Pep said he wanted to make Brazil a World Cup champion and had an entire strategy to make us a world champion.“But they didn’t want it, because they said that they didn’t know if Brazil would accept a foreign coach.“Pep is the best coach in the world, the greatest sports manager I’ve ever seen. He revolutionised football, revolutionised a team, and we had the chance to have him with us.“If you let an opportunity like this go by, then you are not really thinking about the national team.”Scolari made way for Dunga after the World Cup debacle, but the former midfielder failed to inspire success at this summer’s Copa America, as Brazil exited at the quarter-final stage to Paraguay. Bayern Munich manager Pep Guardiola 1last_img read more

Tenant pleads not guilty in alleged ax attack on landlord

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champHe was being held at Men’s Central Jail in Los Angeles. The charges stem from a Tuesday night incident at a house in the 6200 block of Hoover Avenue. Police got a call about a landlord-tenant dispute and heard that a man was wielding a double-bladed ax in the home. The landlord wasn’t injured and escaped, according to Whittier police spokeswoman Diana Salazar. She said Romano, who rented a room in the house, had been drinking. Police also spotted a man lying on the floor but when they later forced entry, they determined that the man was drunk. Romano had holed up in a room and was taken into custody without incident. Whittier police Lt. Wyatt Powell said several people had already gotten out of the house when officers arrived. This isn’t the first time Romano had a brush with the law. Orange County Superior Court records show he pleaded guilty on July 20, 2006, to perjury and getting aid by misrepresentation in 2003. He also pleaded guilty on July 20, 2006, to charges of forgery, burglary, grand theft and making/possessing fictitious bills or checks related to a March 12, 2005, incident. Farrah Emami, spokeswoman for the Orange County District Attorney’s Office, said Romano was sentenced to three years’ probation and 30 days in jail for both cases. She didn’t have details about the incidents. According to Los Angeles County sheriff’s booking records, Whittier police arrested Romano on Nov. 10 on a misdemeanor warrant. He was released three days later to Orange County authorities. Orange County court records show he was found in violation of probation on Nov. 30. He was put back on probation. (562) 698-0955, Ext. 3026160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WHITTIER – A man pleaded not guilty to trying to attack his landlord with a 3-foot, 2-inch-long replica ax from the “Lord of the Rings.” Police said Joseph Anthony Romano, 30, of Whittier had been told to move out. Romano, dressed in a brown jail jumpsuit, was arraigned Friday in Whittier Superior Court on charges of assault with a deadly weapon, making criminal threats and vandalism. Commissioner Loren DiFrank set Romano’s bail at $120,000. Romano is due back in court Dec. 27 for a preliminary hearing. last_img read more


first_imgA Donegal woman has said a thousand and ten thanks to the Donegal Mountain Rescue Team.Patrician McBride, her partner and their dog, were recently rescued by the DMRT when they got lost on a grim day up Muckish recently.But instead of a simply ‘thank you’, Patricia decided to raise much-needed funds for the voluntary service. So she and some friends organised a table quiz in Molly’s Bar in Dunfanaghy and managed to raise €1,010.PRO of the DMRT Brian Murray said Patricia’s fundraising venture came completely out of the blue but they were delighted to receive the much-needed funds.DRMT received very little funding apart from a 20% Government grant but rely mainly on contributions despite their terrific work.Pictured leftt to right are Brian Murray, Patricia Mc Bride, Brian Pat Murray, Timmy Diver. EndsPATRICIA SAYS A THOUSAND (AND TEN) THANKS TO HER RESCUERS! was last modified: October 6th, 2011 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:Donegal Mountain RescueMOlly’s Bar DunfanaghyPatricia McBRidelast_img read more


first_imgFormer Finn Harps and Derry City player Mark Farren is heading to Mexico in three weeks time to undergo life-saving treatment. Only last week it was revealed by Mark’s family that recent surgery to remove a brain tumour was not successful.The only option left for Mark was to undergo revolutionary treatment in either Germany or Mexico. However, the procedure would cost £30,000 and a fundraising initiative was set-up by friends, family and former teammates of Farren.The response has been absolutely incredible and the family have now raised the amount required to ensure Mark can undergo the treatment he desperately needs to save his life.A star studded Derry City XI will take on Glenavon at Mourneview tonight with all proceeds raised going to the Mark Farren treatment fund.A bucket collection will take place at Finn Park tomorrow night during Harps clash with Waterford United. A number of other fundraising initiatives are in the pipeline and anyone who can make a donation is begin asked to do so in order to help Mark and his family.If you’d like to donate simply log onto SOCCER STAR MARK FARREN GOING TO MEXICO TO UNDERGO LIFE-SAVING TREATMENT was last modified: May 8th, 2015 by Mark ForkerShare 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:FeaturesFundlife-savingMark FarrenMexiconewsSporttreatmentlast_img read more

What World Cup games are on today? All you need to know

first_imgHow can I follow the matches?Easy. Stick it on talkSPORT here, as the team will bring you all the action LIVE from Russia.talkSPORT will be with listeners all day and all night at this year’s 2018 FIFA World Cup with more than 800 hours of World Cup content and all 64 games live across the talkSPORT and talkSPORT 2. Lionel Messi missed a penalty for Argentina against Iceland Another day, another round of World Cup games. Bliss.talkSPORT is covering the tournament all day and all night, with more than 800 hours of content and live commentary of every single match. 4 Finally, at 7pm, Argentina and Croatia round off the day’s action with a huge Group D showdown.Lionel Messi missed a penalty in the opening game as Argentina could only draw with Iceland, making this a must-win for the South Americans.Croatia were comfortable winners over Nigeria in their first match and will qualify for the last 16 if they triumph. Full match preview here. 4 There are three crunch group clashes today. Here’s all the details…What times are the World Cup kick-offs today?First up at 1pm is Denmark v Australia in Group C.The Danes beat Peru 1-0 in their opening game, while the Aussies lost 2-1 to France in controversial fashion.A Denmark win will see them progress to the knockout stages with a match to spare and send the Socceroos home. Full match preview here. 4 4 Australia are in a relaxed mood ahead of the Denmark clash Paul Pogba celebrates France’s winner against Australia Next up, at 4pm, the other Group C clash between France and Peru.Peru, competing in their first World Cup finals since 1982, are battling to stay in the competition and must avoid defeat to stay in with a chance of qualification having been beaten by Denmark in their opening match.France will be through to the last 16 if they win and Australia draw or lose. Full match preview here. The Spartak Stadium in Moscow last_img read more

Leicester helicopter crash: Air Accidents Investigation Branch issue update

first_img“Today, our inspectors in Farnborough will start working on the recorder, which was subject to intense heat as a result of the post-accident fire.“Our inspectors are continuing to work with the police on site. We expect to be here until the end of the week, at which point we will transport the wreckage to our specialist facilities in Farnborough for more detailed examination. In the meantime, we are still gathering evidence as part of our investigation.“Witnesses to the accident, particularly with videos or photographs, are urged to contact Leicestershire Police on 101, quoting incident number 546 of 27 October 2018.” Images of the scene have emerged since the incident Leicester have placed their Premier League trophy outside the King Power Stadium in a tribute to their late chairman Vichai Srivaddhanaprabha was a popular man with Leicester fans 3 The Air Accidents Investigation Branch have issued an update on the tragic helicopter accent at the King Power Stadium which claimed the life of club chairman Vichai Srivaddhanaprabha and four others.Thai billionaire Srivaddhanaprabha was among five passengers who were killed when the private aircraft crashed outside the stadium, moments after it had taken off the from the pitch following the Foxes’ 1-1 draw with West Ham.center_img 3 3 Tributes have poured in for the Leicester chief, with supporters laying hundreds of flowers and cards outside the King Power, Gary Lineker and a host of former stars paying tribute and even rivals fans and clubs offering their support at this sad time.Among the victims was 53-year-old pilot Eric Swaffer, who has been hailed as a hero for steering the helicopter away from fans and a hotel and into an empty car park – which may have saved hundreds of lives.AAIB have been surveying the wreckage and have now revealed the have recovered the craft’s flight data, which will now be sent for analysis to help determine the cause of the accident. An Air Accidents Investigation Branch statement released on Monday afternoon read: “On Saturday night, an accident involving an AW169 helicopter at King Power Stadium, Leicester, was reported to us.“A team of AAIB inspectors travelled to Leicester on Saturday night, with further inspectors travelling yesterday morning.“Last night, the police said they believe that tragically all five people on board the aircraft died in the accident.“We have inspectors here from all four air accident investigation disciplines: engineering, operations, flight data and human factors.“We recovered the digital flight data recorder (voice and data) on Sunday afternoon and one of our inspectors travelled back to Farnborough with the recorder the same evening.last_img read more