Bahamas deficit to be higher by 95m

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, October 11, 2017 – Nassau – We are hearing it again, that national debt is down from 13.6 percent to 12.9 percent but new in a media report, is information that the Finance Minister is now grappling with a deficit which will soar by almost $100m.   Deputy Prime Minister, Peter Turnquest said the government’s shortage in funds to manage the country is no longer $500m, but is now $595m.The news comes as the IMF reveals in an October report that The Bahamas will see its deficit widen due in part to a surge in Baha Mar related imports of goods and services to complete the resort.   Eventually, the IMF is predicting, things will level out to a lower deficit but even then The Bahamas will not be where it wants or should be fiscally and this will mean, many FNM plans and promises will not see the light of day during this financial year which does not end until next year July.#MagneticMediaNews#nationaldebtisdown Related Items:#magneticmedianews, #nationaldebtisdownlast_img read more

Aston Martin Valkyrie outputs confirmed 1160 hp and 664 lbft

first_img More From Roadshow 2020 Hyundai Sonata first drive: An attractive and compelling midsize sedan Enlarge ImageThe Valkyrie’s absurdly powerful V12 engine undergoing testing. Aston Martin Aston Martin has been trickling out little bits of information about its superlative Valkyrie for quite some time, but on Friday the company shared perhaps the most important numbers yet. Aston confirmed that the Valkyrie’s hybrid powertrain will be rated for 1,160 horsepower at 10,500 rpm and 664 pound-feet of torque at 6,000 rpm. Remember, the Valkyrie is planned to be a road-legal car.The astonishing figures are based on combined output from the car’s gasoline engine and electric motor. The former, a 6.5-liter naturally aspirated V12 built by Cosworth, is rated for 1,000 hp at 10,500 rpm, with a maximum engine speed of 11,100 rpm. Peak torque is rated at 546 pound-feet at 7,000 rpm. Aston said previously the engine weighs only a little over the company’s goal of 200 kilos, or about 441 pounds.Aston Martin Valkyrie MantisEnlarge ImageThe car’s design is just as extreme as its horsepower and torque figures. Aston Martin The remainder of the Valkyrie’s output comes from its hybrid components, with an electric motor from Integral Powertrain Ltd and batteries from Rimac. The motor delivers 160 horsepower and 206 lb-ft alone, with supplements the V12 and delivering those headlining combined output figures.As a refresher, the Valkyrie is being co-developed by Aston Martin and Red Bull Advanced Technologies. Though intended to be emissions-compliant and legal for road use, Aston is also going to offer a Valkyrie AMR Pro version for track use, which will weigh just 2,220 pounds and have a claimed 2,200 pounds of aerodynamic downforce. Just 25 will be built, whereas the standard road-ready Valkyrie will be limited to 150 units.With the powertrain details confirmed, Aston Martin says it is now beginning to build the first physical test prototypes of the Valkyrie. We can’t wait to see and hear the wild hypercar being put through its paces on the track — especially given how wild that V12 engine sounds on its own. Post a comment 0 Share your voice Aston Martin Tagscenter_img 2020 BMW M340i review: A dash of M makes everything better Aston Martin adds even more ways to tweak your Valkyrie 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Aston Martin Exotic Cars Performance Cars 23 Photoslast_img read more

BNP nomination seekers interview starts Sunday

first_imgLogo of BNPBNP will start interviewing its nomination hopefuls from Sunday to finalise the candidates who will contest the 11th parliamentary elections with its tickets, reports UNB.The party nomination board, comprising BNP standing committee members, will take the interview at BNP chairperson’s Gulshan office, said BNP senior joint secretary general Ruhul Kabir Rizvi.He said the interview will start with those who bought party nomination forms for Rangpur division’s Panchagar-1 constituency.Besides, the interview of the nomination seekers of Rajshahi division will also be taken the same day.He urged the presidents and secretaries of the city, district and upazila units under the respective divisions to be present during the interview.BNP sold 4,112 nomination papers over the last four days among the aspirants who want to contest the 11th parliamentary elections with its tickets. The nomination sale will end tonight (Friday night).Of the total, 1,326 forms were sold on the first day on Monday while 1,896 on Tuesday, 488 on Wednesday and 402 as of 4:00pm on Thursday.On Monday morning, the party formally started the nomination paper sale with the purchase of three nomination papers for its jailed chairperson Khaleda Zia.Chief Election Commissioner (CEC) KM Nurul Huda on Monday announced a fresh reschedule for the 11th parliamentary elections saying the polls will be held on 30 December instead of 23 December.The last date for submission of nomination papers is 28 November instead of 19 November, he added.last_img read more

Italian nightclub stampede kills 6

first_imgEmergency personnel attend to victims of a stampede at a nightclub in Corinaldo, near Ancona, Italy, in this undated handout picture. Photo: ReutersSix people have died in a stampede at an Italian nightclub near Ancona on the Adriatic coast after panic erupted, firefighters said Saturday.“The cause may have been the dispersal of a stinging substance, the young people fled and trampled over each over. Sadly, six people died and dozens are injured,” the fire service said in a statement on Twitter.last_img

Venezuela bars Guaido from leaving country

first_imgVenezuelan opposition leader and self-proclaimed interim president Juan Guaido attends a session of the Venezuela`s National Assembly in Caracas, Venezuela on 29 January 2019. Photo: ReutersVenezuela’s Supreme Tribunal of Justice barred self-declared president Juan Guaido from leaving the country and froze his bank accounts Tuesday, as leader Nicolas Maduro seeks to neutralise the American-backed opposition chief.The 35-year-old head of the National Assembly legislature “is prohibited from leaving the country until the end of the (preliminary) investigation” for having “caused harm to peace in the republic,” high court president Maikel Moreno said.The court is stacked with Maduro loyalists.The move came after the state department revealed that Guaido — the National Assembly head and self-proclaimed interim president — has been handed control of Venezuela’s US bank accounts.US Secretary of State Mike Pompeo signed off on the order last week, which was then followed on Monday by US sanctions targeting Venezuela’s state oil giant PDVSA, the cash-strapped government’s main source of hard currency.”This certification will help Venezuela’s legitimate government safeguard those assets for the benefit of the Venezuelan people,” state department spokesman Robert Palladino said in a statement.Guaido shrugged off Maduro’s efforts to choke his progress as “nothing new.””I’m not dismissing the threats, the persecution at this time, but we’re here, we’re continuing to do our jobs,” he told reporters as he arrived at the National Assembly.Guaido, who has been recognized as interim president by US president Donald Trump, sent a message to the country’s top court on Twitter warning that “the regime is in its final stage.””You shouldn’t sacrifice yourselves for the usurper and his gang,” he added.‘Serious consequences’In Washington, Trump’s national security advisor warned of “serious consequences” if any harm comes to the Venezuelan opposition leader.”Let me reiterate — there will be serious consequences for those who attempt to subvert democracy and harm Guaido,” Trump advisor John Bolton tweeted.The opposition-controlled legislature, meanwhile, named “diplomatic representatives” to a dozen countries that, like the US, have recognised Guaido as the interim president.At the White House, US vice president Mike Pence met with Guaido’s appointed charge d’affaires in the United States, Carlos Vecchio, to discuss the crisis.The 35-year-old engineer stormed onto the political stage as a virtual unknown on 3 January, when he was sworn in as the president of the National Assembly, a body that had been largely neutralized by the Supreme Court.On 23 January, he declared himself the country’s acting president and vowed to lead a transitional government that would hold democratic elections.To keep up the pressure, he has called two more mass demonstrations against the government this week, and has appealed to the powerful military to change sides, offering amnesty to those who do.At least 40 people have been killed in clashes with security forces nationwide and at least 850 arrested since 21 January when a brief military rebellion was put down in Caracas, according to the UN human rights office in Geneva.’Blood on his hands’US treasury secretary Steven Mnuchin said the sanctions against PDVSA would prevent Maduro from diverting resources from the country until power could be transferred to an interim or democratically-elected government.A furious Maduro, 56, said Trump would have “blood all over his hands” if violence breaks out in Venezuela.In a tweet, he urged the opposition to “ignore the imperialist calls” and reiterated his offer of dialogue to Guaido. He has previously accused the US of trying to orchestrate a coup d’etat.Gustavo Tarre, Venezuela’s new pro-Guaido representative to the Organization of American States, rejected the coup accusation and cast doubt on the staying power of Maduro’s regime, saying no one would defend him to the death.Russia’s foreign minister Sergei Lavrov said the new sanctions “violate all possible international norms” and said the US has “publicly taken a course toward illegal regime change.”Chinese foreign ministry spokesman Geng Shuang said his country opposes “unilateral sanctions” as they “will only complicate the situation and will not help solve practical problems.”The oil-rich country is already reeling from a deep economic crisis that has pushed millions into poverty and driven 2.3 million more to migrate.Hyperinflation, shortages of food and medicine and failing public services has spread misery, undermining support for a leftist regime that has held power for two decades.’All options’Trump’s national security advisor Bolton called Monday for Venezuela’s security forces “to accept the peaceful, democratic and constitutional transfer of power.”He also reiterated Trump’s position that “all options are on the table.”Acting defense secretary Patrick Shanahan did not rule out a US military deployment to Colombia.But the Lima Group of Latin American countries and Canada is opposed to “military intervention” in the Venezuela, Peru’s foreign minister Nestor Popolizio said.Six European nations — Britain, France, Germany, the Netherlands, Portugal and Spain — have said they would follow suit unless Maduro calls elections by 3 February.last_img

Activists Want To Delay Funding Vote On I45 Expansion

first_img To embed this piece of audio in your site, please use this code: Listen UPDATE (July 26, 2019): At Friday’s meeting, the H-GAC Transportation Policy Council voted to approve the $100 million allocation for the project, along with another $50 million for flood mitigation. The vote followed a lengthy public meeting in which speakers asked the group to delay the allocation. TxDOT says there will be more public input before any work on the project goes forward.The proposed $7 billion I-45 widening project would extend from downtown Houston to Beltway 8 North. TxDOT says the work is needed to support the region’s growing population, but many people along the route are worried about losing their homes and businesses because of the expansion.TxDOT is now asking the Houston-Galveston Area Council to pitch in $100 million as a show of local support for the project. The money would go toward widening the segment of I-45 between I-10 and the North 610 Loop.One of those concerned about the impact on local communities is Oni Blair with the transportation advocacy group LINK Houston. She told News 88.7 she’s concerned that not all voices are being heard.“We see an opportunity to have real conversations that are right now led by the City of Houston in order to address that but we need time for those conversations,” said Blair.Blair is appealing to the H-GAC Transportation Policy Council to delay this Friday’s planned vote on whether to allocate the funding. Also asking for a delay is Fifth Ward Super Neighborhood President Joetta Stevenson, who said her community is still dealing with the impacts of previous freeway projects like I-10 and U.S. 59.“We’re under siege in terms of environmental issues, in terms of other people’s ideas of how transportation should flow, and we seem to be at their mercy,” said Stevenson.Air Alliance Houston also expressed concern about the I-45 expansion. Spokeswoman Leticia Ablaza said they’re already seeing high rates of asthma among children living near freeways. She added that a lot of people who could be affected by the I-45 expansion may not even know about it.“The Hispanic community, a lot of them have not been notified,” said Ablaza. “They predominately speak Spanish and we’re trying to get the materials out in Spanish, we’re trying to get everyone included.”The H-GAC Transportation Policy Council meets this Friday morning at 9:30 at 3555 Timmons Lane. X – / 10center_img 00:00 /00:45 Sharelast_img read more

Learning value of money may make kids less philanthropic

first_imgEven if your five-year-old kid does not know what money can buy for him or her, the moment he or she gets to know the value of it, chances are the knowledge may make him or her less philanthropic in nature, says an interesting research.In other words, the act of handling money makes young children work harder and give less. This effect was observed in children who lacked the concrete knowledge of money’s purpose and persisted despite the denomination of the money. Also Read – ‘Playing Jojo was emotionally exhausting’“Money is a double-edged sword. It produces good outcomes in terms of concentration and effort but bad outcomes when it comes to helping, taking, and donating.” said professor Kathleen Vohs from the University of Minnesota and co-author of the study.For this, the researchers conducted five experiments and one study involving 550 children (ages three-six) in Poland and the US. In one experiment, the children were asked to either sort money or buttons before completing a challenging puzzle. The paper is forthcoming in the journal Psychological Science.last_img read more

Jyotirmoyee Sikdar joins Trinamool

first_imgKolkata: Former CPI(M) MP Jyotirmoyee Sikdar joined Trinamool Congress on Thursday. Sikdar, an athlete and Rajiv Gandhi Khel Ratna awardee in 1998-99, was elected from the Krishnanagar Lok Sabha seat in 2004. She was defeated by Trinamool Congress candidate Tapas Paul in 2009.Sikdar was a close aide of former Sports minister Subhas Chakraborty. She had taken part in CPI(M)’s campaign in the 2016 Assembly election. After joining Trinamool Congress along with 200 CPI(M) supporters, the former MP said she was attracted by the all-round development carried out in Bengal by Chief Minister Mamata Banerjee.last_img