After much back and forth between the two coalition partners, the Alliance For Change (AFC) will this weekend discuss whether or not it will be contesting the upcoming Local Government Elections (LGE) alone or together with the majority coalition party, the A Partnership for National Unity (APNU).According to the AFC, the party will be hosting its third quarterly National Executive Committee (NEC) meeting for 2018 this Saturday at the Sophia Exhibition Centre, in Greater Georgetown.“This NEC will focus exclusively on the party’s position, plans and preparations for the upcoming Local Government Elections…,” the AFC said in a statement on Tuesday.President David Granger (left) and Prime Minister Moses NagamootooThe party’s representatives from all 10 administrative regions and from the Diaspora are scheduled to attend the one-day meeting.Having felt it was disadvantaged in the 2016 Local Government polls with regards to the allocation of candidates, the AFC had been mulling whether it should contest the LGEs alone this time round. However, the party subsequently initiated discussions with its coalition partner to discuss the way forward.Last month at a press conference, the AFC said the party has proposed nine major points to be negotiated; the upcoming Local Government Elections being the first.However, this publication was reliably informed that the AFC is demanding 60 per cent of the total seats secured after the Local Government Elections which is expected in November of this year. This demand comes after AFC Councillors in the Georgetown municipality has been sidelined by the APNU’s Councillors on a number of issues inclusive of the controversial parking meter project.The 2015 Cummingsburg Accord only catered for arrangements between the two parties regarding the General and Regional Elections. To this end, the AFC proposed as part of the nine points up for negotiation that an agreement on LGE be crafted.The minority coalition partner detailed some of its positions for negotiation in the LGE Accord. The AFC’s NEC, after a May 1 meeting, had allow additional time for the two coalition partners to have a definitive written agreement in the form of a Local Government Elections Accord.LGEs are scheduled for mid-November and Communities Minister Ronald Bulkan recently told Guyana Times that the exact date will be announced in two weeks’ time.Meanwhile, Chairman of the Guyana Elections Commission, Justice (ret’d) James Patterson assured that the entity has done its ground work and is now awaiting the announcement of the date to be fully prepared for the Local Government polls.
Laychuk could not stress enough how proud he was of everyone involved as the night turned out to be the greatest success of any fundraiser put on by Visions of Change. Laychuk says he’s extremely impressed at how hard the students worked to make the fundraiser a success.[asset|aid=3461|format=mp3player|formatter=asset_bonus|title=60db5faf5466303a49a90a05ca45fcf2-Laychuk_1_Pub.mp3] A fundraiser that took place over the weekend is helping to build an educational foundation in Ghana.On Friday, Visions of Change, a Fort St. John non-profit organization, put on a Gala Dinner and Auction at the Pomeroy Hotel. The event helped raise money to improve educational opportunities in rural Ghana.- Advertisement -According to Derrick Laychuk, a teacher at North Peace Secondary School, the event raised $42,000, almost $7,000 more than in previous years.The organization works with local high school students who will travel to Ghana in March and July to provide aid in building and supporting orphanages in the country. Not only will the students work with children in existing orphanages, but will also lend a hand in constructing new facilities in other locations.The event included a live and silent auction, including a variety of great prizes, such as a helicopter ride. Students also auctioned off themselves in groups of three to provide ten hours of general labor.Some students were auctioned off for $2,500. All proceeds are going towards transportation and supplies for the trip.Advertisement
CEOs often buy new homes the year they get the “big” job, with a total of 164 S&P 500 executives doing so in this survey. To finance their purchases, the study’s authors found, 44percent used mortgages, almost evenly split between adjustable-rate and fixed-rate loans. Shares peak More interesting is that about a third of CEOs appear to have exercised stock options and sold shares in the 12 months before they made a home purchase. The shares peaked right before the home was bought. That doesn’t mean that they necessarily sold those shares and then used the proceeds to buy their homes. The authors felt the timing of those equity moves was more than just coincidence, however, because the companies’ share prices began to fall after that peak. “The stock charts show that some CEOs might be very motivated sellers who are rolling money into a home,” Yermack said. “Home purchases could be a ruse. If you are going to dump stock, you can buy a house to cover your tracks.” Those living really large are the 12percent of S&P 500 CEOs with homes topping 10,000 square feet, or on a minimum of 10 acres. But occupying the biggest house on the block doesn’t make one a winner on Wall Street. The mega-mansion owners’ company stocks lagged the S&P 500 by about 25percent over the three years after their home purchases. In contrast, those buying more modestly saw their companies’ stocks beat the market benchmark by about the same amount. Former Home Depot Inc. CEO Robert Nardelli’s nearly 30,000-square-foot mansion was among the largest in the study. It was purchased after Nardelli took over the home improvement chain, according to Yermack. But that kind of space didn’t give him enough room to come up with a strategy for Home Depot that investors necessarily liked. The company’s shares fell more than 3percent on a split-adjusted basis from Nardelli’s arrival in December 2000 to when he resigned at the start of this year under a cloud over his outsized pay. Malibu slide Power-One Inc.’s former CEO and now chairman Steven Goldman was among the worst-performing big homeowners in the study. He bought a 12,000 square-foot home in Malibu in 2000 for $15million, according to Zillow.com. He sold more than 3million shares in the 12 months before that purchase for a total market value of more than $100million, according to Thomson Financial. The year the house was bought also happens to be the year that the power products manufacturer’s stock hit its all-time peak of nearly of $90 a share on a closing basis. But its shares have faced a steep slide since and now trade around $5.50 each. Of course, not everyone owning big homes is destined to disappoint their company’s stock investors. Yermack notes there are plenty with trophy properties that have done right by their shareholders, including Oracle Corp.’s leader Larry Ellison and Sun Microsystems Inc. former CEO and current chairman Scott McNealy. Still, it’s worth keeping tabs on CEOs’ home-buying tactics. Bigger certainly isn’t always better for investors. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! NEW YORK – Investors looking for stock-picking tips might find the answer right at home – not at their own homes, but where CEOs live. A new study makes the case that there is a strong correlation between executives’ home-buying behavior and stock performance. The bigger the CEO’s home, the worse the company’s stock fares, according to two academic researchers. They also found that companies with CEOs living in more modest abodes often see their shares outperform. Arizona State University’s Crocker Liu and New York University’s David Yermack, who teach finance at their respective schools, contend that a super-size home purchase shows entrenchment. A CEO might feel secure in his position, and therefore isn’t concerned that he is going to have to leave any time soon. Of course, entrenched CEOs can win in the corporate world, and the time and money involved in buying lavish properties could be a sign they are making a long-term commitment to their companies and communities. But the professors concluded that the purchase of a mega-mansion could also symbolize that CEOs view their homes as being more important than their companies, and that many sell company stock just before it peaks to buy and furnish their expensive new digs. $2.7 million homes Liu and Crocker culled data on 488 principal residences from CEOs of companies in the Standard & Poor’s 500 stock index at the end of 2004 for their study, titled “Where Are the Shareholders’ Mansions?” The 12 CEOs not included may be renters who own no property or live outside the United States. The researchers’ sources of information included property deeds, tax records, online databases such as Zillow.com and Reply.com, Google searches, employment contracts and voter registration data. Their findings certainly show a privileged class: The median home was valued at $2.7million – more than 10 times the median sales price for all U.S. homes in 2004. It included 11 rooms plus 4.5 bathrooms, with a floor area of more than 5,600 square feet and a median land area of one and a quarter acre. Twelve percent of CEOs’ homes are situated on waterfronts, and 8.5percent are next to or on the grounds of golf courses. The median CEO lives 12.5miles away from corporate headquarters, though 6percent of those in the study lived more than 250miles or more away – meaning those CEOs take a plane ride to get to the office.
BREAKING SPORTS NEWS: THE Ulster Council of the Ladies Gaelic Football Association has agreed to switch the venue of the Ulster final replay between Termon and Donaghmoyne.The Donegal champions were unlucky not to take the title in Clones last Sunday, the Monaghan champions equalising in seven minutes of injury time.It was announced after the game that the replay would go ahead this Saturday at the same venue, giving Donaghmoyne a second ‘home’ final. Termon Ladies appealed – and the decision has been reversed.The match will go ahead this Saturday in Trillick, Co Tyrone, with the Termon team hoping fans of ladies football throughout Donegal will go along and support them.Best of luck this Saturday ladies. Throw-in is at 2pm. TERMON LADIES WIN VENUE SWITCH FOR ULSTER FINAL REPLAY was last modified: October 23rd, 2013 by John2Share 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:ClonesGaelic FootballLGFATermonTermon ladiesTrillick
A Newmills man told a Garda “ah sure it’s only a ticket” when he was stopped for driving while using a mobile phone.Before Letterkenny District Court was Noel Devine of Kirkneely, New Mills.Devine was stopped by Gardai on May 8th, 2012 at Rossbracken by Gardai. The court heard that Devine, who did not appear in court, had a number of previous convictions.They include drugs offences, drunk driving, no insurance and driving while using a phone.Judge Paul Kelly fined Devine €500.DRIVER TOLD GARDA – “AHH SURE IT’S ONLY A TICKET” was last modified: April 8th, 2013 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:MOBILE PHONENEW MILLSNOEL DEVINE
Tags: Netball World cup 2019she cranestop The She Cranes are preparing for the 2019 World Cup qualifiersWith the 2019 Netball World Cup qualifiers in Zambia slatted for August, 20 players have been summoned to start preparations.All the core of the team that did shine at the 2018 Commonwealth games in Gold Coast, Australia has been retained.The team will still be led by inspirational captain Peace Proscovia and also features seasoned performers like Halima Nakacwa, Florence Nanyonga, Ruth Meeme, Betty Kiiza and Ajiyo Lillian.UK based Peace Proscovia will lead the sideSpeaking at the summoning of the on Friday, William Bwambale, the vice president Administration at the Uganda Netball Federation was optimistic the early preparations will help the team immensely.“We believe that if these players start training early, by the time we reach August 1st when they travel to Zambia, they shall be fit and ready enough to qualify for the World Cup.“Good enough the finances are available to cater for the team throughout.The team will hold two training sessions everyday, morning and evening starting Monday 25th, June 2018 at Mandela National Stadium Namboole.And being the matter of fact that the National team coaches including Immerida Nyongesa and Mubiru Rashid are handling the university team that is preparing for FISU, the federation has appointed Kiwanuka Vincent as the head coach and he will be ssisted by Bogere Nelson.Uganda is tussling it out with several other nation to have one of the two remaining slots for Africa.The two African teams that have already for the tournament proper are South Africa and Malawi.The qualifiers slated for 13th to 18th August 2018 in Zambia and Uganda is expected to travel two weeks before the tournament.“We expect our team to depart on 1st August so that we get time to have friendlies with other teams as part of preparations, continued Bwambale.“Remember we need these qualifiers so much because they also help us to maintain our ranking.The list of the summoned players:Ajio Lillian, Stella Nanfuka, Halima Nakacwa,Ruth Meeme, Stella Oyella, Betty Kizza, Joan Nampungu, Zam Sera, Muhaimuna Namuwaya, Esther Awayo, Racheal Nanyonga, Florence Nanyonga, Jesca Achan,Hindu Namutebi,Irene Eyaru,Nakanyike Nantumbew Shakirah, Mary Nuba, Kuruthum Ali, Irene Mirembe and Peace Proscovia.Coach: Kiwanuka VicentComments
The High Court has ordered an inquiry into the legality of the detention of a Chinese take-away owner from Donegal who has lived and worked openly in Ireland for the last 16 years.The application has been brought on behalf of Chinese native Mr Yuntao Yu, who has been detained at Castlerea Prison since March 25th last on foot a deportation order issued in 2009. Mr Yu, represented by barrister Gavin Keogh Bl instructed by solicitor Donal Quigley, claims his detention is unlawful on grounds including that there is no realistic prospect he will be removed from the state within the requisite time-frame.Mr Yu, who has been based in Letterkenny for several years, argues it is unlawful for persons subject to deportation orders to spend any more than 56 days in detention.Mr Keogh told Mr Justice Charles Meenan at Tuesday’s sitting of the High Court that Mr Yu had previously spent 44 days in prison on foot of the same 2009 deportation order.In addition Mr Yu (aged 36) does not have any travel documents which he needs to be provided with before any deportation order can be affected.When the total amount of time was taken into account there seemed to be no possibility of Mr Yu being removed form the State within the required 56 days.On that basis Mr Yu’s continued detention is unlawful, and he should be released, counsel said.Counsel said Mr Yu’s detention was unnecessary and entirely disproportionate personal circumstances have changed considerably since the deportation order was made.Mr Yu had been residing in Letterkenny with his wife, and family where he had been living openly and never sought to evade the authorities in any way, counsel said.Since 2015 Mr Yu has run a take away food business, China Town on the Port Road under his own PPS, counsel said.Through his business, which counsel said is registered with Revenue and the Companies Office he frequently interacts with many members of the Gardai and is known to them by name.Counsel said it would be unjust to enforce the deportation order.in light of these facts, and Mr Yu will seek to have the deportation order revoked.Mr Justice Meenan granted Mr Yu’s lawyers an inquiry into the lawfulness of his detention under Article 40.4.2 of the Irish Constitution.The Judge adjourned the matter to Wednesday’s sitting of the Court to allow lawyers for the State to respond to the application.High Court orders inquiry into detention of Donegal restaurant owner was last modified: April 5th, 2018 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:China TowndetentionHIGH COURTYuntao Yoo
Photo from Fiba.comFilipino pro dunker David Carlos gave the crowd a dazzling show and emerged as the dunk king in the 2017 Fiba 3×3 World Tour Chengdu Masters Sunday at Global Center in Chengdu, China.A first timer in the 3×3 World Tour Dunk Contest, the 28-year-old showcased his 41-inch vertical leap as he jumped over a volunteer and nailed a reverse slam for his title-clinching jam to amass 73 points in the final round.ADVERTISEMENT E.T. returns to earth, reunites with grown-up Elliott in new ad Read Next Carlos edged four-time World Tour Dunk champ Rafel Linpinski of Poland in the championship round after the latter missed the second of his three dunk attempts and could only muster 54 points.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“I was nervous because I was going up against one of the best in the planet in Lipek. But I just gave it my best,” he said in a report from Samahang Basketbol ng Pilipinas’ website.Carlos took home the $2,000 cash prize for winning the competition. Hometown bet Jiang Wenjian of China was the other participant in the contest but was booted after the first round. San Sebastian drops 16 triples to scorch Letran View comments Nonong Araneta re-elected as PFF president BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Frontrow holds fun run to raise funds for young cancer patients Fire hits houses in Mandaluyong City Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ Kammuri turning to super typhoon less likely but possible — Pagasa Don’t miss out on the latest news and information. LATEST STORIES
Indian shooting contingent’s dream in the ongoing Commonwealth Games continued as Vijay Kumar won India’s 17th gold medal setting a new record in 25 metres rapid fire pistol event at Karni Singh shooting range on Friday.Vijay was in supreme form as he blazed through qualification while setting a new Games record. In the finals also Vijay was unstoppable as he led throughout to finish at the top with a new Games record of 787.5 points.Earlier in the day, Gagan Narang teamed with Imran Hasan Khan to win his third gold in the 19th CWG. He won gold in the pairs 50-metre rifle.The Indian duo beat England’s James Huckle and Kenny Parr scoring a Games record 2325 in the finals. Huckle and Parr totalled 2308, same as bronze winners Jonathan Hammond and Neil Stirton of Scotland.Narang earlier won the men’s 10m air rifle pairs with Olympic gold medallist Abhinav Bindra, whom he beat a day after to claim his individual gold medal.