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Guyana’s growth rate plummets to 2.1%

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first_imgFirst quarter financial report…as economy struggles to rebound from recessionary modeBy Samuel SukhnandanThere is no positive indication that Guyana has so far managed to manoeuvre its way out of the economic slow lane it has been stuck in for the past three years, as the country’s finances are expected to reflect a minimal Gross Domestic Product (GDP) growth rate of approximately 2.1 per cent.Initially, Government had projected that Guyana’s economy would have grown by a 3.8 per cent growth rate for 2017. This projection was reduced to 3.1 per cent and then again to 2.9 per cent.According to the Finance Ministry’s Mid-Year Report for 2017, economic growth in the first half of 2017 rose to some 2.2 per cent, compared to 2.0 per cent in the first half of 2016.Guyana’s last best growth rate was 5.2 per cent in 2013. But since then, it never surpassed that figure. World Bank records show growth rates in 2014 was 3.8 per cent, 2015 at 3.2 per cent, and 2016 at 3.3 per cent.This is a clear indication that there has been a massive decline in economic growth ever since the new Government assumed office. But the worst of it is 2017, and that is because of certain policy decisions.A senior source at the Finance Ministry indicated to this newspaper that tabulation of the GDP growth rate for 2017 has been finalised and would be presented to the public soon.This was confirmed by Public Relations Officer of the Finance Ministry, Wanita Huburn, who told <<<>>> that the growth rate for 2017, among other economic and financial indicators, has indeed been finalised and will be presented in short time.Huburn indicated that this presentation will come in the form of the End of Year Outcome statement, which will be laid in Parliament on April 26.But the a growth rate between 2.1 per and 2.4 per cent is nothing to boast about, according to the source, who highlighted that Guyana has seen a marked decreased in its growth rate, which continues to drop even further.“Ideal growth for Guyana, a developing country, is six per cent. Anything six and above would be putting Guyana on the right path for advancement to develop status in the medium-term,” he explained.The source said the growth rate now explains why many Guyanese will start to feel like they are having less money in their pockets. He observed that a five-year decline in the growth rate does not auger well for the current Government and shows the weak performance to manage the economy in a responsible and efficient manner.Public policy action“This calls for amended public policy action. The first thing they need to do is understand what stimulates the economy, which is investment in the productive sector and other investments, exports, bringing back confidence in the consumers, and having a stable spending and execution of capital projects,” he said.According to the source, the main contributing factor for this minimal growth rate is ultimately sugar because it is fundamentally important ‘growth tissue’ for the country. “It is one of the main productive sectors and it’s the six sisters the President David Granger talks about,” he added.While there is hope that this could turn around for the next few years, the source noted that it may be highly impossible to do so, especially given the fact that sugar’s contribution has decreased.The source is of the opinion that until monies from the oil sector starts to trickle in, only then will Guyana be able to record greater economic growth. But until then, due to the massive downsizing of sugar and the weak performance of other sectors, achieving a higher growth rate is far from reality.Opposition Leader and former President Bharrat Jagdeo has repeatedly criticised Government for what he described as their lack of vision to present a substantial economic policy. Jagdeo, an economist, has also warned Government against borrowing large loans which could put Guyana in greater debt.last_img read more

Zabaleta hasnt decided about his future

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first_imgThe veteran West Ham United defender will finish his two-year contract in the English Premier League club this summer.After signing a two-year contract with West Ham United in the English Premier League, Pablo Zabaleta’s contract will finish in the summer.And the veteran full-back doesn’t know what he will do after the 2018-2019 season ends.“I haven’t made any decision yet,” Zabaleta was quoted by Kumb.“I am enjoying my football, but I will be 34 this week!”declan rice, england, West ham UnitedReport: England’s Rice gets death threats George Patchias – September 9, 2019 England International Declan Rice has received death threats.Rice a one time Ireland International, switched allegiances only this year. The West Ham United man played for…“For me, it is about still enjoying it – and at the right moment I will sit down with the club and decide what to do next,” he added.“I am happy at West Ham. It is a club with such great potential, but at the moment we are in January and it is too early to decide. I want to make the right decision.”“I am probably no longer in my prime, but I think I am still good enough to do the job. I don’t want to be selfish with the decision,” he commented.“If I believe I can’t give 100 percent then I will walk away, but it is too early to make that decision.”last_img read more

EMUI 10 update list Huawei P30 series getting beta release other eligible

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first_imgHuawei’s annual Developer Conference is power-packed with announcements that are shaking the industry. While there’s a lot of chatter about the all-new HarmonyOS, there’s something far more interesting for existing Huawei and Honor users. Huawei announced Android 10 Q-based EMUI 10 and confirmed the rollout of the beta update to select devices.Huawei took the wraps off the EMUI 10 and revealed that the upcoming Mate-series phones will be the first to receive the stable version of EMUI 10. But the good news is for those who currently own the P30 series, the P30 and P30 Pro, as they will receive EMUI 10 beta on 8 September.Considering Huawei’s response to EMUI 10 being a major milestone release for the company, it will come packed with a major overhaul over the current EMUI 9.1. Huawei has confirmed that the new UI will bring several anticipated features, including the dark mode and allow the third-party developer to use it on Huawei phones. EMUI 10 announcedYouTube screengrabHuawei’s EMUI 10 will also get a revamped interface, a new magazine lock-screen, and an always-on coloured display. EMUI 10 introduces HiCar, the company’s version of Android Auto, which will be supported by over 30 car makers in over 120 car models.Users can also expect fast and stable performance in the EMUI 10, seamless communication between devices, including drones, TVs and smartwatches. Huawei released a brief trailer that sums up the best qualities of EMUI 10 in the making.Since Huawei P30 series will be the first ones to get treated with EMUI 10, even if it is in the public beta form, other users needn’t be disappointed. The stable update rollout will cover a wider range of Huawei and Honor smartphones. Check out the complete list below: Huawei P30 ProIBTimes India/Sami KhanHonor 8XHonor 10Honor 20Honor 20i/20 LiteHonor 20 ProHuawei P30 ProHuawei P30Huawei Mate 20Huawei Mate 20 ProPORSCHE DESIGN Huawei Mate 20 RSHuawei P30 LiteHuawei P smart 2019Huawei P smart+ 2019Huawei P smart ZHuawei Mate 20 XHuawei Mate 20 X (5G)Huawei P20 ProHuawei P20Huawei Mate 10 ProPORSCHE DESIGN Huawei Mate 10Huawei Mate 10Huawei Mate 20 LiteFor more updates on EMUI 10, stay tuned. IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:03/0:57Loaded: 0%0:03Progress: 0%Stream TypeLIVE-0:54?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Closecenter_img Huawei P30 Pro First Impressions, a super camera smartphone with extensive photography skillslast_img read more

How Did Houston Land The Manchester Derby On Its FirstEver Trip Outside

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first_imgMichael HagertyGreat sports rivalries – think the Yankees and the Red Sox – can be intense. Now imagine how much more intense it might be if both those two teams were located in the same city.That just begins to capture the intensity of the rivalry between the Manchester City and Manchester United football clubs in England. The two teams face off each year in the Manchester Derby, which has never been played outside the U.K. – until this week.On Thursday (July 20, 2017), Houston’s NRG Stadium will host the match. Carli Lloyd, star of the Houston Dash and US Women’s Olympic team, spent three months in Manchester earlier this year playing with the Manchester City women’s team and got a first-hand glimpse of the rivalry. She told Houston Matters’ Michael Hagerty about the magnitude of the match.Then, we talk with Glenn Davis, a former professional soccer player who calls the broadcasts of Houston Dynamo matches and numerous other national games for Fox and ESPN. He explains the significance of the match and what it means for Houston.Michael HagertyHouston Matters host Craig Cohen poses with Glenn Davis, a former professional soccer player and current broadcaster for the Houston Dynamo, ESPN and Fox. Sharelast_img read more

Computer generated math proof is too large for humans to check

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first_img © 2014 Phys.org Credit: arXiv:1402.2184 [cs.DM] Journal information: arXiv Citation: Computer generated math proof is too large for humans to check (2014, February 19) retrieved 18 August 2019 from https://phys.org/news/2014-02-math-proof-large-humans.html Mathematician announces that he’s proved the ABC conjecture Anyone who has taken a high level math course can attest to the fact that math proofs can sometimes grow long—very long. Some mathematicians have dedicated years to creating them, filling whole text volumes in the process. Quite naturally then, mathematicians have increasingly turned to computers to perform some of the more mundane parts of proof creation. It wasn’t long, however, before some began to realize that at some point, the proofs spit out by the computer would be too long, complicated or both for a human reader to fully comprehend. It appears, with this new effort that that day might have come.Erdős discrepancy problem revolves around trying to find patterns in an infinite list of just the two numbers “1” and “-1”. Named after Paul Erdős, the discrepancy problem arises when cutting off the infinite sequence at some point and then creating a finite sequence using a defined constant. When the numbers are added up, the result is called the discrepancy figure. Lisitsa and Konev entered the problem (with a discrepancy constant of 2) into a computer running what they describe as state of the art SAT solvers—software that has been written to create mathematical proofs. The proof that the computer came up with proves, the two researchers claim, “that no sequence of length 1161 and discrepancy 2 exists.”Unfortunately the file produced was too large to read—for comparison’s sake, it was a couple of gigabytes larger than the whole of Wikipedia. This leads to an interesting conundrum for mathematicians going forward. Do we begin accepting proofs that computers create as actual proofs if they are too long or perhaps too difficult for our minds to comprehend? If so, we might just be at a crossroads. Do we trust computers to handle things for us that our beyond our abilities, or constrain our reach by refusing to allow for the creation of things that we cannot ever possibly understand?center_img (Phys.org) —A pair of mathematicians, Alexei Lisitsa and Boris Konev of the University of Liverpool, U.K., have come up with an interesting problem—if a computer produces a proof of a math problem that is too big to study, can it be judged as true anyway? In a paper they’ve uploaded to the preprint server arXiv, the two describe how they set a computer program to proving a small part of what’s known as “Erdős discrepancy problem”—the proof produced a data file that was 13-gigabytes in size—far too large for any human to check, leading to questions as to whether the proof can be taken as a real proof. Explore further More information: A SAT Attack on the Erdos Discrepancy Conjecture, arXiv:1402.2184 [cs.DM] arxiv.org/abs/1402.2184AbstractIn 1930s Paul Erdos conjectured that for any positive integer C in any infinite +1 -1 sequence (x_n) there exists a subsequence x_d, x_{2d}, … , x_{kd} for some positive integers k and d, such that |x_d + x_{2d} + … + x_{kd}|> C. The conjecture has been referred to as one of the major open problems in combinatorial number theory and discrepancy theory. For the particular case of C=1 a human proof of the conjecture exists; for C=2 a bespoke computer program had generated sequences of length 1124 having discrepancy 2, but the status of the conjecture remained open even for such a small bound. We show that by encoding the problem into Boolean satisfiability and applying the state of the art SAT solvers, one can obtain a sequence of length 1160 with discrepancy 2 and a proof of the Erdos discrepancy conjecture for C=2, claiming that no sequence of length 1161 and discrepancy 2 exists. We also present our partial results for the case of C=3. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more