Dear Editor,The People’s United and General Workers Union (PU&GWU) sees the move by the APNU/AFC Government to review the 1999 ExxonMobil contract as an excellent and clever one, and the Government should be applauded and fully complimented for such a move, since the Government will have an opportunity to make new proposals that can modify, improve and remove any deficiency that the contract may contained. The contract was made between ExxonMobil and the former PPP/C Government since 1999 (over 17 years ago), we are now in the year 2016 and we have a new government which have the full right to review and make changes to any contract that was signed by the previous Administration and also from the time the contract was made to this year 2016, the price and other conditions surrounding the oil market have changed globally; for example, Venezuela has proven oil reserves in 2013 (297.6 billion barrels), total oil supply in 2012 (thousand barrels per day): 2489.2.Venezuela surpassed Saudi Arabia last year to become the holder of the largest oil reserves in the world but yet still Venezuela is facing serious economic crisis, so having oil is one thing but managing it productively in a sustainable manner is another thing and the APNU/AFC Government needs to take these realities surrounding the oil market, including the Venezuela situation, into deep consideration during the review process of the1999 ExxonMobil contract, etc.Editor, the PU&GWU without the shadow of a doubt is confident that the 1999 ExxonMobil contract needs to be reviewed and modified; hence, the Government needs to make a new draft and enter into negotiation with ExxonMobil so that the contract can be amended to accommodate and include: (a)the Government drafted proposal should provide for ExxonMobil to finance and establish a school in Guyana that will teach, train and equip Guyanese with certificates that will qualify them to be employed with ExxonMobil when the company goes into full operations, etc; (b)the Government draft should include the percentage of Guyanese that will be employed with the company as against how many expatriates will be employed, eg Guyanese should at all times be the higher percentage of employees to be employed with the company; (c) the Government draft should include a clause that provides for Guyanese to enjoy international payment rates, benefits, working conditions and safety standards, etc; and (d) the Government draft should include all international requirements that an oil rig company have to meet to conduct its operations in the oil industry, etc.Editor, when ExxonMobil goes into full operation and production, most of the oil produced by the company may have to be shipped to overseas markets; as such, the APNU/AFC Government without any hesitation should swiftly move in the direction to establish a deepwater harbour at Berbice River, which is an essential point of transit for incoming people and goods. Primarily, deepwater harbours are fundamental to the movement of exports and imports from and to a country.In the Caribbean, the Port of Bridgetown in Barbados has immensely increased trade activities on the island and drastically boosted the tourism sector.Barbados’ deepwater harbour now acts as a homeport for many of the Britainbased cruise ship lines operating in the Caribbean Region, directly impacting the tourism sector and ultimately the economy, owing to the revenue generated from tourists who are almost always willing to spend.The deepwater harbour will not just benefit the ExxonMobil Company to transship its oil, but it will also improve the maritime sector in Guyana and boost business in the shipping sector, generate revenue for the country’s economy, create jobs for Guyanese and strengthen, improve and qualify Guyana’s port to meet international safety and security standards, etc.The Social Protection Ministry’s Labour Department and Guyana’s maritime sector needs to be equipped with safety officers who are exports that have the full knowledge and qualifications as it relates to safety on oil rigs so they can highlight breaches of any safety rules or laws which can endanger the life of workers, etc.In closing, the People’s United and General Workers Union wishes to state that if the APNU/AFC Government does not manage Guyana’s resources properly and also if it does not sign good contracts with foreign companies operating in Guyana, such as ExxonMobil, Guyana can end up in a crisis and Guyana will continue to remain a Third World country, etc.Yours truly,Micah WilliamsGeneral SecretaryThe People’s Unitedand General WorkersUnion
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe joys and headaches of holiday travel: John PhillipsIn response to government cuts, he has started the Students Standing Up Against the Government Club at Canyons.Robert Rodriguez, a candidate for Congress, attended the small public gathering. Rodriguez, a Democrat, is challenging U.S. Rep. Howard “Buck” McKeon, R-Santa Clarita, for his long-held seat. “I have $13,000 out in student loans myself,” said Rodriguez, who attended UCLA and Harvard. “There is no way I could have paid for my education if it weren’t for student loans.”Diana Shaw, a Santa Clarita resident, has a son enrolled at Arizona State University. Shaw is angry about these cuts and hikes because she has been ill for a year, and her son has had to find ways to fund his own education.“He is already working 40 hours a week to pay for college,” Shaw said. “I am outraged that while the government can spend billions in Iraq killing my son’s friends they can’t come up with a reasonable interest rate for my son.” This increase means that the average student, with a 30-year loan, will pay an additional $13,000 over the life of the firstname.lastname@example.org(661) 257-5254160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! VALENCIA – A small group of students and parents gathered Friday at College of the Canyons to protest a bill approved by Congress that increases the costs of student loans.Congress recently approved a $12.7 billion cut to government funds for subsidized loans and increased student loan interest rates by almost 2.5 percent.“The government has all these loan programs in place to invest in us and this country and then makes them inaccessible,” said Kyle Kostvzewa, a political science major. “It doesn’t make sense.”Kostvzewa has no student loans yet, but plans to borrow when he moves on the University of California at Los Angeles.
The Indianapolis Colts defeated the Denver Broncos Sunday to advance to the AFC Championship game against the New England Patriots on Sunday, January 18. As the team continues their playoff run, they’ve announced their playoff events and promotions for this week. Plans include a special edition playoff poster, Poster-Drive Thru at Lucas Oil Stadium, Pep Rally, a “Blue Out Your Bar” contest and more. In addition, fans are asked to show they “Believe In Blue” by printing out a horseshoe at www.colts.com/playoffs and tweeting a photo of it displayed at their home, office or school using #BelieveInBlue.The 2014 Colts Playoffs are presented by Huntington Bank and Verizon Wireless, and sponsored in part by Bud Light.Tuesday, January 13#BelieveInBlue Social Media Campaign Begins at www.colts.com/playoffs#BelieveInBlue Video Contest Begins at www.colts.com/playoffs“Blue Out Your Bar” Contest Continues on www.colts.com/playoffs Thursday, January 15Playoff Poster Drive-Thru, Lucas Oil Stadium South Lot (6:30-8:30 a.m.)Playoff Posters Available at Participating Huntington Banks and Verizon Wireless Stores (see attached list)Pep Rally at Circle Centre Mall (12 – 1 p.m.) More details on all of these events and promotions are available below, as well as online at www.colts.com/playoffs.#BELIEVEINBLUE SOCIAL MEDIA CAMPAIGNColts Nation, do you believe? Show you #BelieveInBlue on social media by posting photos of how you are preparing for the AFC Championship Game. For example, print off the horseshoe at www.colts.com/playoffs and put it outside your office, classroom, living room, etc. and tweet a picture using #BelieveInBlue to show the team that you believe!#BELIEVEINBLUE VIDEO CONTESTLeading up to the AFC Championship Game against New England the Colts will host a video contest for a chance to be featured on Colts.com. BeginningTuesday, January 13, upload a video of you and your friends chanting “I Believe the Colts Will Win” or post it to Instagram or Vine using #BelieveInBlue. More info on www.colts.com/playoffs.“BLUE OUT YOUR BAR” PHOTO CONTEST, PRESENTED BY BUD LIGHTThe Colts are looking for bars and restaurants throughout Indiana and across the country that bleed blue. By submitting a photo of their establishment decked out in Colts décor, bars and restaurants have a chance to win a personalized, framed jersey, Reggie Wayne autographed football and NFL/Bud Light steel cooler. Photos can be submitted at www.colts.com/playoffs or using #BarBlueOut via Twitter or Instagram. The deadline to submit a photo is Sunday, January 18, at 6:40 p.m. ET.PLAYOFF POSTER DRIVE-HRU AT LUCAS OIL STADIUMOn Thursday, January 15, Colts fans are invited to drive thru and pick up a limited edition playoff poster in the south lot of Lucas Oil Stadium from 6:30-8:30 a.m., while supplies last. Colts mascot, Blue, and Cheerleaders will be on-site to help pass out the posters. The first 500 cars will receive a Colts car magnet (limit one magnet per car).In addition, posters will be available in the Emmis Communications (40 Monument Cir, Ste 700, Indianapolis) lobby from 6:30-8:30 a.m.When: Thursday, January 15, 6:30-8:30 a.m.Where: Lucas Oil Stadium South Lot (enter at Gate 8 off of Capitol Ave.)500 S. Capitol Ave, Indianapolis, Ind.PLAYOFF POSTERS AVAILABLE AT HUNTINGTON BANK AND VERIZON STORESWhile supplies last, the Colts special edition AFC Championship playoff poster will be available at participating Huntington Bank branches and Verizon stores beginning Thursday, January 15. See attached for a complete list of participating locations.PLAYOFF PEP RALLYThe Colts will host a playoff-themed Pep Rally at the Circle Centre Mall food court in Downtown Indianapolis on January 15. Beginning at noon fans are encouraged to stop by to pick up a special edition Colts Playoff poster, listen to live music from Dave & Rae and meet Colts alumni players. The first 1,000 fans will receive a free Colts t-shirt.When: Thursday, January 15, 12 – 1 p.m.Where: Circle Centre Mall Food Court (3rd Floor) 49 West Maryland StreetIndianapolis, IN What: Special Edition Colts Playoff PosterFree t-shirt for first 1,000 fansColts Alumni Players1070 The FanRegister to WinColts CheerleadersBlue, the official mascot of the ColtsLive music by Dave and Rae Friday, January 16-Saturday, January 17Colts Blood Drive at Indiana Blood Center Locations COLTS PLAYOFF BLOOD DRIVEVisit any Indiana Blood Center donor center on Friday or Saturday, January 16 or 17, and receive a Colts playoff poster and a long sleeve t-shirt with the Colts throwback logo and Indiana Blood Center logo (while supplies last). For more information visit www.indianablood.org.
NEW YORK — Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Smaller companies less focused on overseas trade fared better, as did dividend-paying stocks.The Dow Jones industrial average fell for the sixth day in a row and lost 287.26 points, or 1.1 percent, to 24,700.21. The S&P 500 index gave up 11.18 points, or 0.4 percent, to 2,762.57. The Nasdaq composite fell 21.44 points, or 0.3 percent, to 7,725.59. International markets suffered steeper losses. Hong Kong’s Hang Seng index sank 2.8 percent, its biggest decline since February, and Germany’s DAX lost 1.2 percent.Oil and copper fell. Both are commodities that would be susceptible if a trade dispute caused a slowdown in global economic growth. Cautious investors moved money into bonds.President Donald Trump told the U.S. Trade Representative to identify $200 billion in goods for a potential 10 percent tax, and China said it would respond with duties of its own. In a statement, Trump said that if China retaliated, he would order yet another $200 billion in tariffs. China doesn’t import enough goods from the U.S. to match the scale of Trump’s proposals, but could sanction U.S. products or companies through other means.Just days ago, the U.S. and China each announced 25 percent taxes on $50 billion in imports from the other. While the dollar amounts are rising rapidly, the countries still have time to negotiate, as the previously announced tariffs won’t take effect until July 6.