Printing of New LS$35bn Banknotes Backfires

first_imgCBL Governor Nathaniel R. Patray –Until Completion of CBL ReconstructionSenate Protempore, Albert T. Chie, has announced the Senate’s declination of the the request tendered by the Executive Branch of government for the printing of new banknotes to replace the current ones in circulation.Protemp Chie, who addressed plenary on Friday, October 4,2019, before that body’s annual break, said the real need and necessity to print new banknotes to replace all of the existing ones; “most especially that about 86 percent of the notes in circulation is out of the banking system; that there are reports of counterfeit Liberian banknotes on the market, and that significant amount are mutilated.”Nevertheless, the Pro Tempore recalled that the Senate has raised issue of the proper functioning of the internal controls at the Central Bank of Liberia (CBL), as indicated in the Kroll Report; “there were issue also about confidence factor at the Bank, and issue of funds to print the banknotes.”“After extensive debates, the Senate has declined to give the requested authorization until the restructuring of the CBL is complete,” the Grand Kru County Senator announced, receiving few gestures of appreciation from his colleagues.Based on what he said was an advice from the  CBL, President George Weah in September wrote the Senate, to authorize the printing of new local currency, to replace the current one.In his communication, read before Senate plenary at its 64th day sitting, President Weah informed the august body that he was in receipt of a communication from the CBL, advising that the Liberian economy may be seriously affected, due to the unaccounted-for local currency infused into the economy that is causing high inflation; and has recommended the printing of new local currency to replace existing ones.“While the decision needs to be made now to address this issue that impacts the economy, it is important to note that the printing of banknotes will require your approval, in accordance with Article 34(d) through the 1986 Constitution,” President Weah said.After a couple of reported hearings, Senate Committee on Banking and Currency, in a report, recommended that Senate plenary authorizes the printing of Liberian dollars banknotes in the denominations as L$20, L$50, L$100, L$500, L$1000, and coins be minted in the denominations of L$1, L$5, and L$10 as proposed by the CBL.But during a very heated debate, several Senators took serious exceptions to recommendations contained in the seven-point proposals.The report of the Committee, chaired by Grand Gedeh County Senator Marshall Dennis, noted that: “having exhaustively propounded on the issues, it can be concluded that the past regime infused into the economy unaccounted banknotes that is causing high inflation rate in the country; furthermore, the United Nations Mission in Liberia (UNMIL) drawdown and the Ebola crisis are having serious impact on the drawdown trend of the economy.”In so doing, the Committee urged the Senate that, if it must help in resuscitating the country’s ailing economy, “the printing of a new banknotes is a must, and must urgently be done.”In its seven-count recommendations, the Committee requested that the plenary of the Senate authorizes the printing of new banknotes to completely replace the notes on the market; that the banknotes should be printed in a high grade and carry more sophisticated security features to prevent counterfeiting and the likes; that the CBL confines itself to the proposition document submitted to the Legislature for the printing of the currency, especially the mode of exchange enshrined in the document as well as other monetary policies designed to avoid missteps and mistakes in the past.The Dennis-chaired committee further recommended that stringent policies and control measures be put in place by the CBL to prevent hoarding and other forms of economic sabotage; that the Liberian Senate deals with the CBL proposal to print the total amount of L$35 billion in various denominations as proposed; that the Senate authorizes the printing of Liberian paper banknotes in the denominations as L$20, L$50, L$100, L$500, L$1000, and coins be minted in the denominations of L$1, L$5, and L$10 as proposed by the CBL and for reasons aforementioned, and that the Senate “grants the CBL authorization to print the Liberian dollar currency as proposed through a resolution signed by its two-thirds majority members of the Senate, and done in the Committee room this 13th day of September, 2019.”Immediately reacting to the Committee’s report, Margibi County Senator Oscar Cooper, wondered why the CBL should request to print L$35 billion, when the money in circulation is L$21 billion that needs to be removed from the market. “What becomes of the difference of L$14 billion, which was not properly answered by the Governor?”After the L$16 billion saga with the Liberian people, Senator Cooper continued, “this money will fall on them if not managed properly. We as committee members did not have due diligence to debate this within committee. If this Senate votes to approve this L$35 billion, we will put the Liberian people in serious, serious financial jeopardy, because many financial and economic questions have gone unanswered.”“Whatever we are doing now must be done with due diligence so that posterity can be kind to us; so colleagues, please let the Committee take this report back and bring it to us after our return in January,” Senator Abe Darius Dillon recommended.The Senate legal mind, Senator H. Varney Sherman, recalled suggesting to President Weah during his meeting with the Legislature months ago, that as long as the Liberians continue to believe that, “some of our money in places that they don’t know, especially outside of the banking system, they will not have confidence in our money, and that lack of confidence alone impacts the value of the Liberian dollar. I suggested then, at that moment, that we ought to change everything on the market and replace it with new notes. Maybe that suggestion has an influence of what has come to us today.”He accused the Committee of what he called some fundamental issues it did not consider, such as the suggestion to production coins, which he asserted that the cost for producing coin is more than the value of the coin.“I will vote against L$1,000 banknotes and coins. How do we have control if we allow them to keep L$35 billion in their vault? I am afraid that the Liberian people will not judge us well when they look at our immediate past history, as to how we managed L$10 billion, and then we tell them that we want to print L$35 billion,” Senator Sherman warned.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

‘Drunken’ Policeman granted bail for causing death of 10-year-old

first_imgA 26-year-old Police Constable Ravinand Bissessar, of Good Intent, West Bank Demerara (WBD), on Thursday appeared before Magistrate Clive Nurse at the Wales Magistrate’s Court to answer to two charges – causing death by dangerous driving and Driving Under the Influence (DUI).Police Constable Ravinand BissessarThe Policeman was not required to plead to the causing death by dangerous driving charge which stated that on May 15 at Sisters Village, WBD, while driving motor car PLL 222, he struck down 10-year-old Davin Sealey, who was riding a bicycle along the roadway, resulting in the child’s death.A breathalyser test conducted on Bissessar after the accident revealed that he had .66 micrograms of alcohol in his system, which is above the legal limit.On the DUI charge, the accused initially pleaded guilty when it was read to him. However, his Attorney, Mark Conway interjected and disputed the breathalyser test result presented and said that another test conducted at the hospital proved there was no alcohol in his client’s system.Magistrate Nurse subsequently entered a not guilty plea on Bissessar’s behalf.In his bail application, Attorney Conway said that his client was not a flight risk, was remorseful and had lived at the same location for the past 22 years.The prosecution had no objection to bail being granted on the condition that the defendant’s driver’s licence is suspended for the duration of the trial.The Policeman was placed on $600,000 bail for the causing death charge and self-bail for the DUI.Bissessar was also ordered to report to the Wales Police Station on a weekly basis while his licence was suspended.He will return to court on June 22, 2016.According to initial Police reports, on the day in question, Bissessar, who was stationed at the Wales Police Station, was attempting to negotiate a turn at Sisters Village when he lost control of the vehicle and slammed into a parked car, before hitting the lad who was riding along the roadway.The Policeman’s car came to a stop after it crashed into a utility pole.The young man was said to be on his way to meet his father at the time of the accident.Guyana Times understands that a post-mortem examination revealed that the young Sealey died as a result of multiple injuries to his body.last_img read more

SBVC women beat Chaffey in rematch

first_imgSAN BERNARDINO – The last time the Chaffey and San Bernardino Valley College women’s basketball teams met, there was plenty of drama and controversy in a one-point Chaffey win. In Wednesday’s rematch, there was even more drama – and this time, the controversy didn’t involve a fight. “They (officials) should let the kids decide the game,” Crebbin said. “A lot of officials wouldn’t have made that call.” Chaffey coach Gary Plunkett differed. “I thought it was the right call,” he said. Horine made both free throws to tie the score, and Miller-Malloy missed hers at the other end, sending the game into OT. SBVC never trailed in OT, after forcing a couple of early Panther turnovers and holding them scoreless for the first 2 minutes and 8 seconds. The game featured a combined 51 fouls and each team had two players foul out. The first one was the Wolverines’ La’Quita Jordan, who fouled out with 10:45 to play less than 30 seconds after picking up her fourth foul. That meant starting point guard Jasmine Marshall, who was away from the team the last time the teams played, had to play the rest of the game. “It just meant she couldn’t get any rest,” Crebbin said. Marshall finished with 17 points, but the real yeoman’s effort came from Miller-Malloy, who scored 14 points and grabbed 20 rebounds. “I was really focused for this game, since Chaffey is our rival,” Miller-Malloy said. “I knew tonight I was going to rebound. I didn’t know if I was going to score.” Trailing 47-36 when Jordan fouled out, the Panthers rallied, tying the score 58-58 on a Christina Warren basked with 2:30 to play. Warren and Lillie Parks (14 rebounds) each scored 17 points to lead Chaffey and Horine added 13 points, all after halftime. Walter added 10 for SBVC. Chaffey still has a difficult game against second-place Antelope Valley in the regular season finale Saturday, but Plunkett is optimistic about his team’s postseason chances. “I feel good regardless,” Plunkett said. “But we’ve got 20 wins and a pretty good RPI. A win would’ve sealed it.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Chaffey couldn’t get a shot off in the final seconds, and SBVC held off Chaffey 73-70 in overtime at Snyder Gym. “I think if we would have lost, we would have been borderline, but our RPI is real good,” SBVC coach Sue Crebbin said. “I was proud of the way the kids handled it last time, and I was proud of the way they handled it tonight.” center_img SBVC (18-9 overall, 10-3 Foothill Conference) never trailed in overtime, and held on after taking the three-point lead on a Shy Walter free throw with 18.7 seconds left. Chaffey (20-9, 9-4) tried to use a double screen to set up a game-tying 3-point attempt by Jessica Thorpe or Carly Horine. But the ball was turned over with three seconds left, sealing the Wolverines’ victory. The drama in overtime was nothing compared to the drama at the end of regulation. After the Panthers tied the score 61-61 on a Horine 3-pointer with 25.8 seconds lef, the Wolverines appeared to have the game won when Rocky Miller-Malloy made a short jumper with three-tenths of a second remaining and was fouled to make it 63-61. But officials ruled someone jumped off the SBVC bench and onto the court, and assessed a technical foul. last_img read more

Soon, they’ll pledge allegiance to the flag …

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventThe 31-year-old Hernandez has lived in Canyon Country since 1991. Her green card expires next year, and her husband Gabriel encouraged her to apply for U.S. citizenship. She and others like her have spent the last two months studying the branches of the government, memorizing the name of the chief justice of the United States and learning the meaning of Independence Day. They’ll need to know those answers and other historical information for the 10-question written exam that awaits them. Students on Saturday also got a lesson on the predators waiting to prey on their desire to become Americans. There are lawyers who will lie, and people who will rip off your money with promises to help with the immigration process, warned Marv Wilk, office manager for the Greater Valley Immigration, Citizenship & Education Services. He told them to get copies of all receipts and to keep their original documents. “Wherever you go, you have to watch out,” Wilk said. NEWHALL – They came ready to party. At the celebration marking the end of their nine-week citizenship class, in the back of the classroom sat homemade flan, sweet bread and tamales. But first, the 25 Mexican, Indian and other soon-to-be American students were honored with certificates for completing the College of the Canyons course preparing them for the interview and test they’ll take to become U.S. citizens. “I wouldn’t miss this for anything,” said Sandra Hernandez as she scooted to the head of the class to accept the framed paper. Most in the room had already experienced life’s hard knocks. Dressed in a shirt with the American flag on it, Roberto Panjoj came to the United States 15 years ago from Guatemala. There was no work in his homeland, and with its history of violence, the country left him with little reason to stay. He said that in America, he found work and a better life. It’s where he met his wife Maria from El Salvador. She enrolled in the citizenship class with him. “I love this country. I was given an opportunity here,” he said. “It’s very important to me to take my citizenship.” sue.doyle@dailynews.com (661)257-5254160Want 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

Gillentine to head school district

first_imgInitially, 25 candidates had expressed interest in heading the district, said Fagan, who led the search for her replacement. Nine candidates returned the extensive 15-page application; eventually, five were invited in for interviews with the school board. One candidate withdrew at that point, and Gillentine was selected from among the four remaining finalists, Fagan said. Gillentine is scheduled to start his new job July 1. “I think he brings experience, especially experience in special education, and I think he will fit the district very well,” Fagan said. Gillentine said Fagan has made the transition easy for him. “Things are so well-organized, I can just come in and work with what’s there,” he said. “I don’t have to go in there and fix a bunch of things. And eventually, the different things that I do to improve the district will be my own.” tracy.garcia@sgvn.com (562) 698-0955, Ext. 3051160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2“He’s a compassionate and collaborative leader, and he has the belief that he needs to be a part of the community – visible and active,” Pigott said. A resident of Yorba Linda, Gillentine served as the Lowell Joint district’s superintendent in 2004 and 2005. A year ago, he took an administrative leave of absence, but during that time he continued to work for Lowell Joint and other school districts. He has spent more than three decades in education, working at the Walnut Valley and Bonita Unified school districts, as well as the North Orange County Special Education Local Plan Agency and the Orange County High School for the Arts. “I was immediately interested as soon as I saw East Whittier was looking for a new superintendent,” Gillentine said. “I’m pleased and honored to be chosen by the board to serve this district. “I’m really appreciative of the district’s emphasis on the whole child, and counseling and other services to support kids. I was very impressed with the district when I researched it before I applied for the job,” he added. EAST WHITTIER – Joe Gillentine, the former superintendent for the Lowell Joint School District, has been selected as the new superintendent for neighboring East Whittier City School District, officials said Friday. Gillentine, 58, replaces longtime Superintendent Dorothy Fagan, who is retiring June 30 after 50 years as an educator in the 9,100-student district. East Whittier City district board members are expected to approve a $150,000-a-year contract for Gillentine at the board’s June 12 meeting, said school board President Alison Pigott. She described Gillentine as having a “high level of integrity” and being “highly intelligent and well-versed in regular- and special-education needs.” last_img read more

Half-time: Reading 0 QPR 0

first_imgQPR will feel they should be in front after a lively first half at the Madejski Stadium.They dominated an opening 20 minutes in which Junior Hoilett’s 30-yarder hit the bar, Charlie Austin was twice denied at point-blank range by Reading keeper Alex McCarthy and Matt Phillips fired into the side-netting after being picked out by Joey Barton.Reading, who wanted a penalty when Jordan Obita went down on his way past Danny Simpson, began to threaten and striker Pavel Pogrebnyak sent a shot wide and a header over.QPR then lost Jermaine Jenas to what looked like a hamstring injury and continued to absorb pressure, with keeper Rob Green producing a good save to keep out Sean Morrison’s header from Danny Guthrie’s free-kick.Rangers finished the half strongly, however, and McCarthy produced two more important stops, blocking Austin’s header and diving to his left to tip away Hoilett’s low shot.QPR (4-4-1-1): Green; Simpson, Dunne, Hill; Assou-Ekotto; Phillips, Barton, O’Neil, Hoilett; Jenas (Kranjcar 31); Austin.Subs: Traore, Johnson, Onuoha, Chevanton, Henry, Murphy. Man Utd v Arsenal: free bets offer for West London Sport readers 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

Considerations for the 2017 planting season

first_imgShare Facebook Twitter Google + LinkedIn Pinterest With another spring planting season upon us, there are a few planter considerations before heading to the field. Seed costs remain a significant investment today with planting being a critical if not most important for maximizing yield potential. Maximum yield exists when the seed is in the bag but is influenced by the ability of the planter to create a suitable seedbed, while providing good soil-to-seed contact at the proper depth without sidewall compaction. Mistakes made at planting only reduce yield potential. Variations in seed metering and seed depth placement can impact uniformity of emergence and final stand counts. While some precision technology can be costly and prove difficult to determine ROI, here are some thoughts on technologies that can quickly, in most cases less than one year, pay off on your farm. First, we will provide some comments about planter and meter setup.A key maintenance step is to have all your meters evaluated on a test stand annually. Whether new, old or never evaluated, testing your meters will help ensure proper setup and identify worn parts that may influence seed placement in the furrow. Small repairs or adjustments can greatly improve meter performance for any type of meter. Typically there are always a few meters that need to be adjusted or worked on each year and one should expect a 98% or better singulation on the test. Here are a few key checks:Planter Related1)    Check all chains and sprockets, replace as needed. All chains should be adjusted to the proper tension. Grease and oil before heading to the field plus regularly during the planting season.2)    Check your seed opening disks for wear and proper spacing. Measure diameter and replace if too worn as outlined in operator’s manual.3)    Check bushings in parallel linkages that connect units to the maintain toolbar. Loose units will influence seed depth and fertilizer placement.4)    Depth wheels need to run tight against seed opening disks. Remember depth or gauge wheels control planting depth, so look them over and make sure they are properly setup.5)    Check seals on meter to insure door seals correctly and meter outlet properly aligns with seed tube.6)    Check the wear and cracks on bottom of seed tube. Cracks and wear at the bottom impact the uniformity of seed spacing.7)    Look over row cleaners, checking for wear. Properly adjust height and remember row cleaners are intended to remove stover and residue out of the way for the opening disks and not to till the soil bed.8)    Check closing wheels to insure they have the proper spring setting. They should not be loose or excessively tight. Also, check clearance as listed within operator’s manual. Technology related1)    Make sure your GPS and display are up-to-date on their firmware.2)    Make sure GPS offsets and planters offsets are correct so proper clutching of rows takes place.3)    Back-up and archive past years planting data in a secure location on a farm computer, external hard drive, cloud site, or similar.4)    If purchasing a differential correction, make sure your subscription is up-to-date for the planting season.5)    Check over wiring harnesses and connectors for any damage or loose connections.6)    If your system allows complete a backup of machinery setup digitally on flash drive or write down setting it case of display failure. This insures that setup of a new display can happen quickly without having to go through every setup process again causing more down time. Lastly, mobile application or APPs today can be a valuable tool or resource during planting. Always have a good weather APP to refer to during the season but the following list represents a few APPs that may be useful to your operation. Planting Population and Corn Spacing provide quick calculations to checking seed spacing at the time you are checking seed depth in the soil. You can at least determine if the planted spacing is being met.Mobile Pioneer by PioneerPlantability by PioneerPlanting Pop by AgPhDField Guide by AgPhDClimate Fieldview by the Climate CorporationGoPlant by John DeerePlanter Plus by John DeereOhio State PLOTSThe list provided is not all-inclusive, but many APPs exist that can be an asset during planting. If you have a smartphone, tablet, iPad or similar mobile device, take advantage of having information and tools at your fingertips. Dr. Fulton, Associate Professor, can be reached at 614-292-6625, or fulton.20@osu.edu. This column is provided by the OSU Department of Food, Agricultural and Biological Engineering, OSU Extension, Ohio Agricultural Research and Development Center, and the College of Food, Agricultural, and Environmental Sciences. Andrew and Kaylee are Project Coordinators in the department.last_img read more

Supreme Court Blocks YouTube Broadcast of Same-Sex Marriage Trial

first_imgRelated Posts Tags:#news#web A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… mike melansoncenter_img An early-morning decision by the U.S. Supreme court has blocked cameras from a California court room, reversing last week’s decision to allow the delayed broadcast of the controversial trial on YouTube. The court is examining the constitutionality of Proposition 8, the same-sex marriage ban that was voted into law last year.The trial was set to be the first of its kind, with its proceedings broadcast on a delay over YouTube. The San Francisco Chronicle is reporting that the ban on its rebroadcast will be in place until at least Wednesday, to give the justices more time to consider the matter. The trial began this morning at 9 a.m. in San Francisco.Prop 8 supporters, the side that opposes gay marriage, have been pushing to stop the trial’s broadcasting altogether, saying that it might discourage witnesses from testifying. At the moment, it looks like their effort has been successful.The SFist quoted a motion by William Tam, one of the defendants, who said that he feared for the safety of himself and his family were the trial to be broadcast. “The first reason is because I am fearful for my personal safety and the safety of my family,” Tam wrote in the motion. “In the past I have received threats on my life, had my property vandalized and am recognized on the streets due to my association with Proposition 8. Now that the subject lawsuit is going to trial, I fear that I will get more publicity, be more recognizable and that the risk of harm to me and my family will increase.”The order to block the cameras from the court room came just hours before the trial was set to begin. Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Marketlast_img read more

IBM Is Turning Watson Into A “Supercharged” Siri

first_imgWhy IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagement Tags:#mobile#web Related Posts christina ortizcenter_img What it Takes to Build a Highly Secure FinTech … IBM is working to turn its Jeopardy-winning supercomputer into the newest mobile device personal assistant. Dubbed “Watson 2.0,” the system would be a voice-activated “supercharged” version of Siri, at least that’s how Bernie Meyerson, VP of Innovation at IBM, described it to Bloomberg this week. We all know Watson is super smart – there are almost a dozen racks of IBM servers in New York that can back up that claim – but is he helpful? Adding the ability to sense and assess real-world input like image recognition, location data and voice recognition are a few of the tools needed to make Watson into something more than a the system more user friendly. To begin with, IBM will have to include some of its existing technologies, like image interpretation, into the system. It might also have to license voice recognition technology from a company like Nuance, much like Apple did with Siri. Despite the obvious similarities it doesn’t seem like IBM has plans to take down Siri; it wants to attract a different kind of user base: the corporate world, more specifically, finance and healthcare. Last year, IBM teamed up with Nuance to research the possibility of  using Watson’s brains and Nuance’s voice recognition technology to create a smart, fast personal assistant and fact-finding machine for doctors and nurses. In order to do that, Watson had to “learn” everything there is to know about a multitude of different medical topics. Last September, Watson began studying oncology through a partnership with health insurer, WellPoint. Researchers “taught” Watson in a backwards kind of way, feeding it answers to questions they had developed.  When a question is posed, Watson uses information it has already learned, then accesses millions of books and websites at 66 million pages a second, and then answers. The more it analyzes and is told which answers are right, the more accurate it becomes. Watson will not only tell you the answer, it’ll show you why it’s is right. This is promising, but it’s already been a year and Watson isn’t projected to be an oncology expert until 2013. Another problem is that Watson is too smart for a device’s battery life. Watson uses the power equivalent of 6,000 desktop computers. That makes it too energy consuming to be a viable smart phone application. Meyerson says that the mobile version they are working on uses less power, saying, “The power it takes to make Watson work is dropping down like a stone.” Addressing that issue could turn Watson into a leaner assistant to be used on any device. For now, “Watson 2.0” is still in testing phases, but it’s on its way to moving from a server stack to something you can hold in your hands.   The Rise and Rise of Mobile Payment Technologylast_img read more