Hours after stunning the world by heavily defeating his favoured rival – Democrat Hillary Clinton – in Tuesday’s presidential election, President David Granger on Wednesday extended congratulations to the new President-elect of the United States of America Donald Trump, stating that Guyana is looking forward to continued bilateral relations with the North American nation.Commenting on Trump’s victory, which makes him the 45th US President, the Guyanese Head of State told reporters from his official residence that America is a democratic country and he believes that the presidential election was conducted in a transparent manner.“I think there is no country in the world that is not aware over the last six months about what was taking place, even some Guyanese had to vote (in the US elections). They were fully aware of the programmes of the two major presidential candidates but it’s a democratic outcome, we respect American democracy, and on behalf of the Government of Guyana I’d like to extend congratulations to the incoming President, Donald Trump,” President Granger stated.Going forward, the Head of State noted that Guyana will continue its cordial relations with the United States following President Trump’s inauguration in January. “I’ve already met with a senior official of the Department of State so we do not expect that there will be any significant alterations in the cordial relations we have enjoyed with the United States,” the President noted.Moreover, President Granger said he is looking forward to collaborating with the Trump Administration, particularly in the area of security with the Caribbean Basin Security Initiative, a brainchild of President Barrack Obama.“We look forward to work with the Trump Administration because we are concerned with the security of the hemisphere and we are very confident that the American’s concerns about the security of the hemisphere will not diminished,” posited the Guyanese Leader.The 70-year-old Trump won the US presidential election early Wednesday in a stunning victory that sent shockwaves around the world. The Republican nominee defied pre-election polling to claim swing states, winning the key battlegrounds of Florida, Ohio and North Carolina.Trump won some 26 of the 52 states while Clinton only secured wins in 18. Out of the 538 electoral votes, Trump got 290 of them and Clinton 228.In his victory speech early Wednesday morning, Trump was gracious towards Clinton, while pledging to citizens that he will be a President for all Americans.“Now it is time for America to bind the wounds of division, have to get together. To all Republicans and Democrats and Independents across this nation, I say it is time for us to come together as one united people. It is time. I pledge to every citizen of our land that I will be President for all of Americans, and this is so important to me,” he said in his first address after the results were announced.Trump, a real estate billionaire and former reality TV-star, will be the first President to enter the White House with no political, diplomatic or military executive experience.Clinton, on the other hand, in her concession speech later that day, said she offered to work with Trump on behalf of the country.The Democratic nominee pointed out that the Constitution requires a peaceful transfer of power, as she urged Americans to be open minded and give the new President-elect a chance to lead the country.“Last night (Tuesday), I congratulated Donald Trump and offered to work with him on behalf of our country. I hope that he will be a successful President for all Americans… Donald Trump is going to be our President. We owe him an open mind and a chance to lead,” she stated.She also admitted how painful her defeat was, saying she is sorry to her supporters and campaign workers for not bring home a victory.“This is not the outcome that we wanted and we worked so hard for, and I am sorry that we did not win this election,” Clinton said of her second attempt for the White House.Meanwhile, outgoing President Barack Obama has congratulated Trump personally and told Americans during a press briefing on the lawns of the White House that they should root for Trump’s success, as he assured a “smooth transition” of powers to his successor.“It is no secret that the President-elect and I have some pretty significant differences… We are now all rooting for his success in uniting and leading the country,” he noted. Moreover, Trump has been invited to a meeting at the White House today with President Obama to discuss the transition.
ALAMEDA — The Raiders added veteran defensive tackle Terrell McClain Wednesday and announced the departure of three other players related to transactions made the previous day.Among those let go was defensive tackle Corey Liuget, who was signed before the start of the regular season and whose contribution was minimal. Also let go were linebacker Dakota Allen and defensive end Kasim Edebali, the latter who was with the Raiders less than a week.The Raiders made official two other signings that …
The South African financial system continued to be sound during the first half of the year, according to the latest edition of the Financial Stability Review, released by the SA Reserve Bank (SARB).The publication, which focuses on the six months to June 2007, is part of SARB’s efforts to encourage debate on financial stability issues and enhance the understanding of the financial system by highlighting its strengths and weaknesses.According to the Financial Stability Review, the resilience of financial markets globally was severely tested during the past few months following the widespread impact of negative developments in the United States’ housing market, and the subprime mortgage market in particular.Global markets generally experienced considerable volatility and illiquidity and there are signs that borrowers will face tighter terms and conditions, which could harm global economic growth.Emerging market economies in general have proven to be resilient to the financial market turmoil following the subprime crisis, SARB said it review.South African financial institutions have very little exposure to the United States’ subprime lending industry or to securities with subprime loans as underlying assets. Any direct impact of the subprime mortgage turmoil on the South African financial system is likely to be negligible.Based on an analysis of selected financial soundness indicators, SARB found that the South African financial system remained sound during the period under review. Overall confidence in the financial services sector remained high and confidence in the banking sector was confirmed by the high level of the retail banking confidence index.SARB believes that South African banks were well capitalised, but the country’s banking sector remained highly concentrated. The insurance industry remained strong although there are concerns about deteriorating profitability and a high loss ratio. Despite strong growth in household indebtedness the financial position of households remained sound given strong growth in disposable income and financial assets.The moderation in the level of activity in the residential property market continued and could be extended further by the relatively high level of household debt that is limiting the ability of households to accumulate more debt.The review concluded that the South African financial regulatory system is undergoing continuous change and legislative reform in an effort to maintain an appropriate level of financial regulation.Useful linksSA Reserve Bank: www.reservebank.co.za
Close to a 1,000 people turned up at Bongaigaon town’s Gandhi Maidan on Tuesday to be the first to trade a kilo of plastic for a sapling and a cloth bag. A 70-year-old woman beat them all to make an ecological statement.Bongaigaon, the headquarters of Bongaigaon district, is about 180 km west of Guwahati.Renuka Roy Choudhury had a reason to be the first to deposit the plastic from her house in a plastic bank set up by the Bongaigaon Municipal Board — to send a message that the older generations have to take the lead in undoing the damage done to the environment.“We have enough saplings in the Social Forestry nurseries, but brought 200 for the ‘plants-for-plastic’ exchange programme. The overwhelming response made us realise we brought too few,” the district’s Deputy Commissioner Adil Khan said.Ms. Choudhury and the 199 others were given saplings of gooseberry, olive, mango, jackfruit, mahogany and other local species of trees for a total of 200 kilos of plastic deposited. Each of them also received a cloth bag manufactured by local women’s self-help groups.Each of these bags can withstand more than 2 kg of weight.Mr. Khan said those who missed out on a sapling on Tuesday would be provided with one later. “We will continue with the programme till the town is free of single-use plastic. The plastic bank will be open at the Municipal Board’s office for anyone to deposit a kilo of plastic and get a sapling in return,” he said.Banana barkThe Social Forestry wing of the Assam Forest Department pitched in with innovation too. Officials replaced black polythene bags with the bark of banana plants for holding the saplings. These were tied with jute threads.The district administration had, ahead of the ‘plants for plastic’ drive, discussed an alternative to the polythene sapling bags with Divisional Forest Officer Abdel Salam Arief. Forester Lakhi Nath came up with the banana bark idea.The Bongaigaon district administration said the drive would perhaps not have been possible without the involvement of a green group called Robin Hood Army. Its volunteers facilitated the exchange programme.
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