To Stabilize Economy: ‘Engage in Currency Swap’

first_imgRep. Koon: “This theory is better to satisfy the public desire.”…Suggests Rep. KoonWith the ongoing debate on the controversies to print about L$35 billion new Liberian banknotes to help restore the ‘bad and broken economy,’ Montserrado County District #11 Representative, Richard Koon, has proposed that the government should downplay the printing of new money, and that the Central Bank of Liberia (CBL) should negotiate with other banks on ‘Currency Swap.’This theory, according to research, is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal, and interest in another currency. At the inception of the swap, the equivalent principal amounts are exchanged at the spot rate.Koon, an Accounting instructor at the University of Liberia, said the theory of ‘Currency Swap’ will have greater impact, and helps stabilizes prices on domestic commodities, as well as balances economy.He said Liberia is heavily dependent on imported goods and uses US Dollars for transaction. Therefore, he said, the CBL should do the ‘Currency Swap’ with countries that are considered ‘Single Domestic Currency Nations’ or ‘Fully De-dollarized,’ such as Nigeria, Guinea, Ghana and the Ivory Coast.“Let us look at Nigeria as a case. The Central Bank of Nigeria will deposit huge amount of Naira (₦) in CBL, and then the CBL will do likewise with the L$, that method is the ‘Currency Swap.’“The two currencies will create an implied exchange rate (the established rate between Naira and Liberian Dollar). This approach will weaken the US$ to a greater extent, and strengthen the L$ also to a greater extent,’ Rep. Koon said.Rep. Koon, who is a member of the House Public Account and Expenditure Committee (PAC), argued that most businessmen buy the US$ before going to import, and with currency swap, they will now take their huge L$ to the CBL in exchange for Naira ₦ before going to import goods from Nigeria, which will be vice versa.“It will relieve pressure on the US dollar, and the CBL, working along with the Ministry of Commerce and industry will be able to take control of price regulation on these commodities. Not only do the prices have to reflect the changing tastes of its various suppliers’ segments of goods and services, but the prices must also be competitive with the prices of other goods and services manufactured and marketed globally. The price elasticity of demand (PED or Ed), or price sensitivity for products in Liberia varies between its suppliers and segments,” Rep. Koon said.He said in recent years, in a bid for the People’s Republic of China (PRC) to internationalize their currency (Renminbi or RMB), China arranged bilateral currency swaps with central banks around the globe.Three of Africa’s largest economies– Egypt, Nigeria and South Africa–are among the more than 30 central banks that have entered into these swap agreements.Rep. Koon recalled how South Africa signed a US$4.75 billion swap agreement with China in 2015; Egypt, a US$2.62 billion swap in 2016; and Nigeria, a US$2.5 billion swap in 2018.“These swaps make sense given the amount of trade between China, and these nations,” he said.In 2017, trade between China and South Africa, Egypt and Nigeria amounted to US$23.5 billion, US$10.8 billion and US$13.8 billion respectively.Thus, the swaps allow some trade to be invoiced in the counter parties’ currencies, helping ease dollar financing pressures. They also provide renminbi liquidity to the African countries and African currency liquidity to China. This should help boost trade and encourage closer ties.“Nigeria’s central bank says it will help stabilize exchange rates,” he said.Meanwhile, Rep. Koon has said doubt has been created in the mind of the public and partners as a result of the L$16 billion and the US$25 million investigations in the competencies of the Central Bank, and the Ministry of Finance and Development Planning officials negatively impacting public trust.“Hence, printing of new currency in the midst of current financial crisis, and lack of trust could erode the intended policy impact,” Rep. Koon said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Curb and gutter replacement underway along 17 Street

first_imgThe project is expected to take a couple of weeks to complete. As of this morning, traffic was being flagged through a section of the street from 108 to 109 Avenues as excavation work was being done. However, the road may be closed to traffic during paving. – Advertisement –last_img

Manchester City line up v Arsenal: Quality duo set to return?

first_img1 Will the return of Sergio Aguero and Vincent Kompany be enough for Manchester City to take all three points against Arsenal on Sunday? Manchester City will be hoping to continue their unbeaten Premier League run when they face an in-form Arsenal at the Etihad Stadium on Sunday.City are unbeaten in 12 Premier League games and they come into this fixture with fit again Vincent Kompany and Sergio Aguero.The Argentinian striker has 19 goals from 24 appearances in all competitions this season, making him one of the most in-form strikers in the world.With this record, combined with the fact that City are undefeated in their last five Premier League meetings with Arsenal, the Sky Blues will feel confident of picking up all three points.However, City will have to deal with Arsenal’s Alexis Sanchez, who has inspired Arsenal with his goals and work-rate to nine wins in their last 12 games.City will play this game without midfielder Samir Nasri, who is out for around three weeks with a calf injury, while striker Edin Dzeko also remains a doubt.Possible Manchester City line up against Arsenal:GoalkeeperJoe Hart was certainly at fault for Everton’s goal in the 1-1 draw at Goodison Park, but is set to start ahead of Willy Caballero.The England goalkeeper has been responsible for seven clean sheets from 19 games this season, a tally he will hope to improve on if City are going to keep up with Chelsea for the Premier League title.DefenceManchester City fans will be overjoyed to see Kompany back in the starting XI for this game and he will form a strong central partnership with Eliaquim Mangala.The industrious Pablo Zabaleta looks set to continue on the right of the back four, while Aleksandar Kolarov may start on the left.With Arsenal’s defensive frailties from set pieces, Manuel Pellegrini may look for Kolarov’s set piece prowess to increase his scoring options.MidfieldWith no Yaya Toure due to the Africa Cup of Nations, Pellegrini may keep faith with the center-midfield partnership of Fernando and Fernandinho.Pellegrini will certainly be tempted to start the experienced Frank Lampard, but may decide to go with a more mobile, aggressive midfield to stop the flow of Arsenal’s passing.On the flanks, Jesus Navas looks set to continue on the right, while Pellegrini will use the work rate of James Milner on the left.Milner will be trusted to track back and support left-back Kolarov in an attempt to quell the in-form Alexis Sanchez.AttackEven with Dzeko injured and new signing Wilfied Bony away on international duty, Pellegrini would have always chosen Aguero to lead the line for this game.The Argentinian has 14 Premier League goals from 16 appearances this season and has a record of a goal every 76.9 minutes.He will be fancying his chances of continuing this incredible record against a team who have conceded 25 Premier League goals so far this season. Hoping to supply the striker is another in-form player, David Silva.The Spaniard’s recent displays have been scintillating, shown in his six Premier League goals and two assists he’s produced so far this season.last_img read more

CONFIRMED! Filipe Luis leaves Chelsea to rejoin Atletico Madrid

first_img1 Filipe Luis Chelsea have announced defender Filipe Luis has completed his return to Atletico Madrid.The Brazilian defender moved to Stamford Bridge from the Spanish side last summer for a fee of around £16million.But he never fully settled in London and informed Jose Mourinho of his desire to move back to Atletico.Now he has got his wish after Chelsea accepted an offer in the region of £11m from the Liga club.A club statement read: “Chelsea Football Club has today agreed terms with Atletico Madrid for the permanent transfer of Filipe Luis.“We wish him all the best for the future.”last_img


first_imgA PRELIMINARY inquiry into planning decisions at Donegal County Council is expected to recommend a full investigation, has learned.The current internal inquiry, run by the Department of Environment, was initiated by this Government instead of an external audit which was recommended by the last administration under the Green Party and Fianna Fail.A report on the inquiry into Donegal County Councils and six other local authorities will be given to the Government next month. There is an ongoing row between government and opposition parties over how the inquiry has stalled.Former Green Party leader John Gormley has been furious at claims from the Government that despite launching investigations in June 2010, he had done nothing about it before the last government collapsed.We understand that early indications about the Donegal County Council inquiry is pointing to “the need for further investigations.”One source told us: “There are several issues arising from the Donegal inquiry which will probably require further investigation by an outside agency.” Last month Fianna Fáil leader Micheál Martin told the Dail that ex-minister for the environment John Gormley had established an independent review into the planning practices in those local authorities and a year since taking the position, Phil Hogan had not taken the probe further.“Why is there still no outcome to his internal reviews nine months after he suppressed the independent reviews the former minister, Mr Gormley, established?” Mr Martin asked at the time.Mr Martin said that Mr Hogan had been given “an extensive dossier” prepared by planning officials in the department following an internal review of complaints made from 2007 to 2009.He added that the Minister also had a series of reports from the managers in each of the local authorities. The terms of reference for a panel of planning consultants were also available, said Mr Martin.However Mr Gilmore said that seven months after Mr Gormley ordered the investigation, nothing had happened. Mr Hogan had asked for an internal review to take place.He had instructed officials to conduct an internal review and to report to him on what further actions might be warranted.Mr Martin said he had spoken to Mr Gormley.“The bottom line is there was resistance to these inquiries within the system,” he claimed. He said Mr Gilmore should meet Mr Gormley and look at the dossier on the issue.Follow us on us on PROBE AT DONEGAL COUNTY COUNCIL ‘WILL LEAD TO INQUIRY’ was last modified: April 4th, 2012 by BrendaShare 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:PLANNING PROBE AT DONEGAL COUNTY COUNCIL ‘WILL LEAD TO INQUIRY’last_img read more

‘A perfect friend and team-mate’ – tributes pour in for ‘special’ Pat Shovelin

first_imgThe Donegal captain, Michael Murphy, led the tributes to ‘a perfect friend and team-mate’ Pat Shovelin, who died yesterday evening, aged 41.A native of Ardara, he lost his battle with cholangiocarcinoma, the rare form of cancer he had been fighting since early 2017.Pat is survived by his wife, Chrissie, and two young boys, Ethan (5) and Tom (22 months). He was the goalkeeping coach for the Donegal senior football team during Jim McGuinness’s reign as manager.He was also involved with McGuinness at Under-21 level and this year was the goalkeeping coach for the Donegal Under-21s, who won the Ulster Under-21 title.The tributes have been pouring in for a man described in a statement by the Donegal County Board as ‘special’ and a ‘genuine soul’.@patshovelin1 you will be hugely missed. Always loyal and forever positive no matter what the situation. A perfect friend and teammate. RIP— Michael Murphy (@murphm95) October 21, 2017 Great words for a great man. Thanks for everything Pat. Great character and great person. RIP Pat.— neil gallagher (@neilgerardgalla) October 21, 2017 Horrible news to get of the sad passing of @patshovelin1 one of life’s true gentlemen who fought the good fight. Left his mark on the hills.— Éamonn Ó Dochartaigh (@eamonn_doherty) October 22, 2017 Extremely sad news about @patshovelin1 great person & great friend. He will be hugely missed. Thoughts and prayers are with his family. RIP— Ryan McHugh (@McHughRyan) October 21, 2017 One of a kind so many memories @patshovelin1 gone but never forgotten…💚💛— martin mcelhinney (@rooskey14) October 21, 2017 RIP to our good friend Pat Shovlin ,will be sorely missed, was a pleasure to work with ya.— neil mcgee (@Niallmacaoidh) October 21, 2017 A sad evening. RIP Pat Shovelin… No 1 in the hearts of all at CLG Ard an Ratha and so many others too. Ar dheis Dé go raibh a anam— Ardara GAA (@ArdaraGAA) October 21, 2017 Bad night for Harps but perspective brought by passing of Pat Shovelin. Only met him once but enough to see why he was so admired. RIP.— Aidan Campbell (@aidocampbell) October 22, 2017 Bad night for Harps but perspective brought by passing of Pat Shovelin. Only met him once but enough to see why he was so admired. RIP.— Aidan Campbell (@aidocampbell) October 22, 2017 ‘A perfect friend and team-mate’ – tributes pour in for ‘special’ Pat Shovelin was last modified: October 22nd, 2017 by Chris McNultyShare 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:ArdaraDeclan BonnerJim McGuinnessPat Shovelinlast_img read more

QPR forward ‘set for Brentford’

first_imgRob Hulse could join Brentford, according to the Daily Mirror.It is claimed the Bees are looking to take him on loan from QPR, where he is not part of manager Mark Hughes’ plans.Hulse, who turns 33 next month, is one of a number of players Hughes is keen to offload.Luke Young, DJ Campbell and keeper Radek Cerny have also been tipped to leave Loftus Road on loan.Brentford enquired about Hulse in March but Hughes was reluctant to loan out any of his 25-man squad, which the striker was then part of.Related West London Sport story: Brentford ask about QPR striker (16 March)Follow West London Sport on TwitterFind us on Facebooklast_img

7 DIY Filmmaking Techniques Using the Versatile Wheelchair Dolly

first_imgThe wheelchair dolly is a tried-and-true DIY tool — for projects of all sizes. Check out these 7 tips on how to use one to improve your film.Cover Image of Jean-Luc Godard on the set of Breathless (via Studio Canal).There are plenty of dolly options available for filmmakers at all levels of production. Even for those looking for DIY options can find tons of great resources to put something together on the cheap. However, if you’re looking for one simple solution (which can actually be much more versatile and fun), consider the indie-filmmaker’s favorite — the wheelchair dolly.While there are some wheelchair-style dollies specifically for filmmaking (all great options), let’s focus on using a standard-issue wheelchair, which you can often find secondhand at thrift stores or online (here’s a link to Ebay). Once you’re all set, here are seven creative ways to put your DIY wheelchair dolly to use.1. Push or PullImage via AMC.Let’s start with the basics. Using a wheelchair dolly is great for pushing in or pulling out shots. You’ll usually see these types of shots in large-scale productions, as they both see a lot of use for narrative effect (creating important moments) or for clarity of composition. If you keep the movement short and straight, the wheelchair will work very much like your standard track-dolly setup, but without all the assembly and breakdown.Bonus Tip: if you’re shooting solo or with an extremely small crew, you can always sit yourself in a wheelchair and do some short push or pull movements using only your feet. Try it — even a few inches can add style and depth to what would normally be a regular set shot.2. Walk and TalksImage from The West Wing via NBC.Along with straightforward push and pull shots for dramatic effect, a wheelchair is a great option for long tracking shots like the now-recognizable Aaron Sorkin-style Walk and Talk shot (which you can see parodied here). The wheelchair is great because your camera operator can face your subject or subjects while someone pulls them backward.3. Tracking Low AnglesImage via Tumblr.The flexibility a wheelchair offers to the camera operator while sitting is also great. You usually won’t need to lock the camera operator in, and they’ll have almost a full range of motion from the seat. As such, to get many low-angle tracking shots, you don’t need to assemble a tricky low-to-the-the floor dolly setup; you can simply direct your camera op to lean over and hold the camera at a low angle. This may make things a little less steady, but for shorter moves (and with surer-handed ops), it’s a solid technique.4. Curved Tracking MovesAnother aspect of the wheelchair dolly that makes it unique is the simple fact that it is not bound to a set of tracks. The wheelchair, by its nature, is more mobile and can perform complex and curved maneuvers. Try laying some track to recreate this famous circle move from Jean-Luc Godard’s French New Wave classic Breathless.5. Extremely Long Tracking ShotsImage via monnomestdavid.Similar to the Walk and Talk trick, using a wheelchair dolly for extremely long tracking shots is a great way to consolidate resources on DIY productions. The wheelchair can be quite effective, even with only a two-person crew: one to sit and one to move the wheelchair around. If you’re going over long distances, try situating your camera operator in a more relaxed and flexible position (they can also use a Steadicam or some other stabilizer). Be careful, though, with different floor textures (like thick carpet), thresholds between doorways, etc.6. Dolly ZoomsThe wheelchair dolly can also make it easier to perform dolly zooms (which is also known as the Hitchcock zoom or Vertigo Effect). With the camera operator sitting (or kneeling), their hands should be free enough to manually perform a zoom while someone pushes them in the chair at a medium to fast pace. You may have to do several takes, as hitting the focus will always be difficult during such a move, but the effort is worth it in the end.7. Using Natural GravityImage via Film Riot.Finally, one of the riskier wheelchair dolly tricks is to let things like gravity and inclines take control of your movements. These opportunities might not come up often, but if you ever need to simulate a character POV or follow a movement that rapidly increases in speed while slipping or sliding down, using a wheelchair in a controlled free fall move is a daring option. (Be sure to have plenty of people around to help guide and catch the camera op.)For more DIY production tips, check out some of these resources.Gear Hacks: DIY Camera Stabilizers and Rigs for Under $255 DIY Tutorials and Gear Hacks for Filmmakers5 DIY Tips for Your Next ShootPremiumBeat DIY ArchivesThree Ways To Light A Tent Scene On a Low Budgetlast_img read more

UEFA Europa League, Manchester United vs Partizan Belgrade LIVE Streaming: When and Where to Watch Online, TV Telecast, Team News

first_imgManchester United will eye a UEFA Europa League 2019-20 knockout berth when they host Partizan Belgrade on November 8. The UEFA Europa League 2019-20 Manchester United vs Partizan Belgrade will be played at the Old Trafford. The Red Devils are leading Group L table with seven points from three games. On the other hand, Partizan Belgrade, who were handed a defeat by the United side a fortnight ago, will look for an upset. The UEFA Europa League 2019-20 Manchester United vs Partizan Belgrade will commence at 1:30AM.United manager Ole Gunnar Solskjaer has urged his side to recover from Bournemouth loss and bounce back in the upcoming home fixture. “We have two more games before the international break, we’ve got a chance on Thursday to qualify in Europe and then Brighton at home – so we need a response,” the Norwegian said. Apart from Paul Pogba’s long-term absence, the Solskjaer side will miss Eric Bailly, Axel Tuanzebe and Nemanji Matic. Luke Shaw has also been sidelined for this fixture.Meanwhile, Partizan Belgrade will miss Lazar Markovic onboard.UEFA Europa League 2019-20 Manchester United possible starting lineup vs Partizan Belgrade: De Gea; Wan-Bissaka, Lindelof, Maguire, Young; McTominay, Fred; James, Mata, Rashford; MartialUEFA Europa League 2019-20 Partizan Belgrade possible starting lineup vs Manchester United: Stojkovic; Miletic, Ostojic, Pavlovic, Urosevic; Zdjelar, Natkho; Tosic, Soumah, Asano; SadiqWhat time is kick-off?The game will kick-off at 1:30AM on November 8.What TV channel is it on?Sony will show every game from the Europa League LIVE in India this season. Manchester United vs Partizan Belgrade will be LIVE on Sony Ten2 SD and HD on Wednesday night.How can I stream it?The Europa League Manchester United vs Partizan Belgrade live stream will be available on Sony LIV app in India for premium users. Europa LeagueEuropa League 2019-20footballManchester United First Published: November 7, 2019, 3:34 PM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time.last_img read more

1911, Hamara Bajaj delayed as Shoojit unhappy with script

first_imgMumbai, Aug 24 (PTI) Director Shoojit Sircar says he was unhappy with the scripts of his upcoming films “1911” and “Hamara Bajaj”, hence they are delayed, however, not shelved. “1911”, which was announced more than a year ago, will star John Abraham. It is a period film on Mohun Bagans historic win against an English football club in 1911. John will play the reallife character of Shiv Das Bhaduri, who led Mohun Bagan in the historic IFA Shield final. “We are not happy with the script so we are still working on it. Its a sports film and it needs lot of work. Once its ready, John Abraham will announce it,” Shoojit told PTI. His another film, “Hamara Bajaj” with Ayushmann Khurrana and Yami Gautam, is also on hold. “The script was not to the satisfactory level so we are still working on it,” the “Piku” director said. Shoojit, meanwhile, is excited about his next release “Pink” starring Amitabh Bachchan and Taapsee Pannu. The film, directed by Aniruddha Roy Chowdhury, is slated to release on September 16. PTI KKP KRK PSH JMFlast_img read more