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first_imgThe Concerned Liberian International Business Organization (COLINBO) has welcomed the recent appointment of its president, Mr. Fumba Trawally, by President Ellen Johnson Sirleaf as City Council Member.According to a release signed by COLINBO assistant secretary general, Ms. Joyce N. Konnah, the preferment by President Sirleaf marked a new beginning in the political landscape of Liberia.She described President Sirleaf’s decision as a mark of appreciation for Mr. Trawally’s numerous efforts aimed at promoting economic growth and human resource capacity building of the nation.“I would like to say thank you, Madam Sirleaf, for the appointment. It is not an oversight because you remember COLINBO quite well, when we were invited to attend the Private Sector Conference held in Washington D.C. in 2007. The Conference enabled us to carry eight of our (COLINBO) members to participate, and it has given broader insight to our members about the Private Sector Development of our country,” she said.The trip, Ms. Konnah recalled, also brought about the establishment of the RLJ-Kendeja Resort & Villas which today has provided jobs for many Liberians, in fulfillment of the government’s Poverty Reduction Strategy (PRS).Madam Sirleaf also recognized the newly appointed city council member Mr. Trawally, as the businessman of the year in her recent State of the Union address, Ms. Konnah said.The good gesture of the government has opened doors for national, international and cross border trade with countries far and near.“Today Liberian businesses can now boast of trading in America, China, Turkey, Libya and neighboring countries which in the past were not available,” Ms. Konnah noted.She said all of these good things are happening to Liberian businesses because of the effort of the Liberian government to empower Liberians through self-initiative.The group commended all health workers and international partners for their relentless effort shown in the fight against the killer Ebola disease.The group is calling on members of the Legislature to confirm Mr. Trawally’s appointment, noting that his appointment to the Paynesville City Council is realistic because he has invested in the only toiletries factory in the country.The initiative according to Ms. Konnah, has helped to provide job opportunities for the people of Paynesville.“We are committed to doing more in order to see the development of the City of Paynesville,” Ms. Konnah declared.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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first_imgThe Clippers have had an inconsistent first half of the season that, thankfully for them, has finally ended. Perhaps it was fitting that they had a wildly inconsistent performance on Wednesday night and headed into the All-Star break with a disheartening 96-93 loss over the Atlanta Hawks at Staples Center. Corey Maggette put it another way. “This right here,” he said. “It’s terrible.” Joe Johnson made a running jump shot in the lane with 19seconds left to give the Hawks a 92-90 lead. Johnson, who was added to the Eastern Conference All-Star team, made two free throws with 8.1 seconds and two more with 4.3 seconds left. Tim Thomas made a 3-point shot with 4.9 seconds left to pull the Clippers to 94-93 before Johnson’s final free throws. Cuttino Mobley scored a season-high 31 points on 12-of-18 shooting, but was hindered by a strained groin in the final quarter in which he went scoreless. “We’ve just been real inconsistent,” Clippers center Chris Kaman said. “There’s never been a time when we’ve been consistent, not even in one game through the whole game. We were up 15 points, and we just let them back in the game. It happens all the time. After a while, what do you do?” Kaman tried to answer his own question, but didn’t quite have a concrete solution. “We have to make some changes or something,” Kaman said. “Something has to happen because we keep giving games away, and we shouldn’t be.” joe.stevens@presstelegram.com (562) 499-1338 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!center_img The Clippers didn’t have Elton Brand, who missed a second consecutive game with back spasms. But even without him, they led by 15 points in the fourth quarter. “This is crazy what is going on,” Clippers guard Sam Cassell said. “And like they say, it won’t get any easier.” last_img read more

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first_img“It’s an ongoing cost just to maintain these programs,” said Alexis Yannich, principal of Wiley Canyon Elementary. Almost half of the Wiley Canyon students are labeled socioeconomically disadvantaged, and fundraising is difficult. “If we want to buy anything new, we have to go out and look for funds,” Yannich said. But for Wiley Canyon, in the Newhall Elementary School District, state and federal funds are declining fast. The district received $16,700 in technology grants in 2005-06. This year, it received $6,317. District Superintendent Marc Winger said these grants helped ensure all the schools in the socioeconomically diverse district received the same computer-related programs across the board. “The reduction is very visible for us,” Winger said. “If this goes away, we would have parent associations and foundations raising funds for technology at our higher-socioeconomic (schools) but not at the lower-socioeconomic level. These compensatory funds level the playing field.” SANTA CLARITA – State grants for technology-related materials and teacher training could run out by next year, and local educators fear many Santa Clarita students won’t get the computer education they need. As computer-driven technology continues to permeate every occupation, schools are under increasing pressure to teach children how to navigate the Web. A No Child Left Behind Act initiative, Enhancing Technology Through Technology grants have been doled out to schools serving high numbers of children from low-income families. But decreases in federal funding threaten to end this program, already cut by 45percent this year and by 62percent from levels two years ago. Newhall’s grant was well above the average award of almost $2,000. Castaic Union School District received $1,200; Saugus Elementary District, $4,780; and Sulphur Springs Elementary in Canyon Country, $4,300. The Hart Union High School District topped the award list in Santa Clarita with $8,400 – down by almost half from last year’s $15,703 and by almost three-quarters from the $22,677 grant in 2005. “It was helpful when we had more money,” said Terry Deloria, the Hart district’s director of special programs. “When you have more than 900 teachers, $8,000 doesn’t go very far. … That’s about $9 a teacher.” Deloria said one of the challenges for the Hart district is to keep teachers updated on new technology when changes are happening every six months. “These resources are important to have teachers stay current,” Deloria added. For most educators, it boils down to fulfilling an important task in education. “It is very important to make sure all kids have the same opportunities, even if they don’t have a computer at home, so they can make contributions in the workplace later on in life,” Yannich said. connie.llanos@dailynews.com (661) 257-5254160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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first_imgTwo of Europe’s heavyweight managers, Klopp and Guardiola look destined to compete for the sport’s biggest prizes for years to come.But there is strong mutual admiration between the bosses, with Klopp unstinting in his praise for Guardiola’s ability to get his players to give life to his purist principles.“His teams are always excellently positioned. He always has great teams which make excellent decisions,” Klopp told UEFA.com recently.“At Barcelona it was Xavi, Iniesta, Busquets, Lionel Messi and so on.“At Bayern Munich he had fantastic players who made a lot of great decisions. Now, with Gundogan, Silva, Aguero, Sane on the left wing, Sterling on the wing, Gabriel Jesus, they’re extraordinary.“Positioning is important, but this is not witchcraft, it is not unusual just because the wing-backs come inside.“But when the players are in position they move every millisecond in order to be available, and when they are, that’s when the individual quality of the player becomes important.”Likewise, Guardiola is an admirer of Klopp’s commitment to an entertaining style of play, the Spaniard last season hailing his counterpart as “the best manager in the world for spectators because creates teams to attack the back four”.Despite their ability to thrill the neutral, Klopp and Guardiola had vastly different paths to Wednesday’s seismic encounter.Klopp’s journeyman playing career took in stops at unglamourous outposts including Rot-Weiss Frankfurt and Mainz, while Guardiola played for over a decade in the rarified air of Barcelona, where the local boy made good became a Catalan icon.It was no different when they took their first steps into management.– Competitive streak –Klopp learned his trade in anonymity at Mainz before enjoying a career breakthrough once he moved to Dortmund in 2008.Taking over at Barcelona in the same year Klopp arrived at Dortmund, the cerebral Guardiola relished the intellectual and philosophical aspects of management.Yet that renaissance man image hid a fiercely competitive streak that has fuelled all of his best teams.Although Klopp twice won the Bundesliga title with Dortmund, who also finished as Champions League runners-up in 2013, the 50-year-old has yet to secure the first silverware of his two-and-a-half-year reign at LiverpoolIn contrast, Guardiola has amassed 22 trophies with Barcelona, Bayern and City, including two Champions League crowns and six domestic league titles.The 47-year-old can make it seven league titles if City get the three points they need to be crowned champions by beating Manchester United on Saturday.First, Guardiola will focus on finding a way to improve his mediocre record against Klopp.Leaders City are 18 points clear of third placed Liverpool in the Premier League, but there won’t be any inferiority complex from Klopp when they clash for the third time this season.Liverpool’s 4-3 win over City in January saw Klopp take his personal tally against Guardiola’s teams to six wins, five defeats and one draw from 12 fixtures.Klopp has enjoyed more victories over Guardiola than any other manager and he believes he can add to that impressive record because his Liverpool squad is closer in quality to Guardiola’s current crop than at any time in their careers.“There’s no big difference, actually. It’s just that Pep has always had better teams than me,” Klopp said.“You can see that now with Manchester City – they have a lot more points (in the Premier League) than we do.“However, that difference has never been as small as it is now.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Liverpool’s manager Jurgen Klopp (L) and Manchester City’s manager Pep Guardiola look destined to compete for the sport’s biggest prizes for years to come © AFP/File / Oli SCARFFLONDON, United Kingdom, Apr 3 – Jurgen Klopp has no qualms about saluting Pep Guardiola’s ability to create “extraordinary” teams, but the Liverpool boss is convinced he can bridge the class divide when Manchester City visit Anfield for their Champions League showdown.Having first gone head to head with Borussia Dortmund and Bayern Munich, the friendly rivalry between Klopp and Guardiola has its biggest stage yet as Liverpool face City in the Champions League quarter-final first leg on Wednesday.last_img read more

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first_imgHollywood star Ray Winstone has described Leicester City as ‘a breath of fresh air’ – and even tipped himself for the lead role in the Jamie Vardy movie!The Foxes are closing in on a shock Premier League title, defying odds of 5000/1 at the start of the season.Former non-league star Vardy, who scored just five goals in his first campaign in the top-flight, has spearheaded City’s title charge, netting 24 times in 41 appearances for club and country.The tale of Vardy and Leicester is so far-fetched that film-makers are at looking at commissioning a story to hit the big screen to document his meteoric rise.A number of names have been touted for the role, including Vinnie Jones and One Direction’s Louis Tomlinson, and Winstone has jokingly thrown his hat in the ring.He told the Alan Brazil Sports Breakfast: “Maybe I could play him! I’ve still got it in the legs, don’t worry about that!“It’s a fairy[tale] story isn’t it really.“The Premier League needs something like that anyway. It was the same clubs winning it every year and teams like [Manchester] City bottled it didn’t they.“Leicester have gone out and been a breath of fresh air.”READ MORE: Hollywood star Ray Winstone tells talkSPORT: Jose Mourinho and Chelsea held Joe Cole back, they tried to change his game!last_img read more

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first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant Located at simi.linkencounter.com, the site will feature construction schedules for the district’s 29 campuses, status of projects and estimated completion dates, budget reports and an electronic newsletter. It will allow parents, teachers and others to learn more about the bond oversight committee, communicate with the panel’s members and get answers to the most frequently asked questions relating to the building drive. The site, at a cost of $10,000, was designed to offer improved communication with parents, students, staffers and the community regarding the district’s plans. The delay is being blamed on cost overruns, which have forced administrators and school board members to scale back projects and compress the original 10-year construction schedule to six years, with completion by 2010. Because of revisions to the schedule and budget, officials decided to hold off on the Internet project until they knew how to address the projected $60 million shortfall. SIMI VALLEY – A new Internet site designed to provide updates on the $145 million bond-funded school construction program in Simi Valley is months behind schedule. The Web site was originally scheduled to be unveiled in October, but because of changes to the bond program, the site has yet to be completed. Lowell Schultze, associate superintendent of business and facilities, said he hopes the site will be ready this week. “I wanted to make sure we had the most up-to-date information on it,” he said. School board member Carla Kurachi said the yearlong project, which will allow local stakeholders to keep track of their tax dollars, should have been up and running by now. “We’ve been trying to get that done for a year,” she said. “If the district wanted to see it happen, it would happen. Any time you can get information to the public that they can access, I’m all for that. “It shouldn’t be that difficult to do. It really shouldn’t be.” Angie Valencia-Martinez, (805) 583-7604 angie.valencia@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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first_img Such a scenario would only add to the state’s already massive unfunded liabilities for pensions and retiree health benefits – estimated at a combined $150 billion to $190 billion – and to the amount taxpayers would have to contribute to keep the systems solvent. Riordan and other financial experts plan to address the issue at an upcoming Los Angeles Area Chamber of Commerce luncheon. Ron Gastelum, executive vice president of the chamber, said he hopes the income assumptions that pension system administrators have made are correct because the funds already are taking a growing amount of taxpayer money. “However, credible economists and investors, such as Warren Buffett, and community leaders like former Mayor Dick Riordan are suggesting that these assumptions may not be prudent, and given the amount of money involved and the expectations of pensioners, it bears a fresh look,” Gastelum said. The warning comes atop City Controller Laura Chick’s announcement earlier this week that she will audit the city’s pension systems. But Chick spokesman Rob Wilcox said the information Riordan and financial experts used in reviewing the systems is “based on faulty assumptions which are largely disputed. “However, this is why the City Charter requires a top-to-bottom audit of our pension systems, which we are in the process of starting,” Wilcox said. “Working with the mayor and City Council, we will disclose and correct any problems found.” Rubalcava said he’s not trying to predict how stock markets will perform, but is concerned about pension deficits. Dialogue should be opened with elected officials and pension system administrators, he said. He also noted that some pension plans haven’t met their investment-return projections in recent years. For instance, the Los Angeles City Employees Retirement System is only 73 percent funded and has a $2.95 billion unfunded liability. It had a 4.4 percent return over the past five years, but bases annual contributions from taxpayers on the assumption of an 8 percent return. But LACERS General Manager Robert Aguallo said the $9.4 billion fund’s 10-year investment-return performance is 9.9 percent, and he stands by the assumptions. “Clearly, Mr. Rubalcava has a different opinion than our experts,” Aguallo said. “In the pension world, we typically use a wide spectrum of years when looking at our performance. We look at one, three, five and 10 years.” Rubalcava said the 10-year performance measure is not a good one because it includes 1995 through 2000 – when the stock market was overvalued. The Los Angeles Fire & Police Pensions system had a 5.25 percent return over the past five years, is 90 percent funded and has an unfunded liability of $1.4 billion. It bases annual contributions from taxpayers on an 8.5 percent investment-return assumption. Even if the fund meets that 8.5 percent assumption in the years to come, the taxpayer contribution still will rise from $323 million annually to $339 million in 2009. But if the fund returns only 5 percent, the contribution will rise from $330 million to $423 million in 2009, according to a fund report. General Manager Michael A. Perez pointed out that the $13.5 billion fund returned 9.24 percent over 10 years and 10.52 percent over 20 years. “Our actuary comes up with our interest-rate assumption, as well as two other economic assumptions, and the board goes through a thorough review process to adopt these assumptions,” Perez said. The Los Angeles County Employees Retirement Association had a 3.7 percent return over the past five years, is 86 percent funded and has an unfunded liability of $4.9 billion. It bases annual contributions on a 7.75 percent investment income assumption. LACERA Assistant Executive Officer Gregg Rademacher said the $32 billion fund returned 9.5 percent over the past decade. “We’re a long-term investor,” Rademacher said. “We believe our long-term assumption of 7.75 percent is appropriate, understanding that in the short term we may do better than 7.75 percent and in some years we may do less than 7.75 percent.” Troy Anderson, (213) 974-8985 troy.anderson@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Already facing deficits of more than $110 billion, public-employee pension plans in Los Angeles and elsewhere in the state have overestimated future investment income in a move that could imperil the systems and require taxpayer bailouts, former Mayor Richard Riordan and other financial experts warn. Pension systems in California are operating on assumptions of a 7.5 percent to 8.5 percent annual return on investment portfolios, but investment experts say historical trends suggest stocks will increase by only 6 percent to 7 percent annually. Coupled with rising retirement rates and growing pension benefits, the resulting squeeze could leave dozens of pension funds without enough money for payouts. “I’m worried about the whole state,” Riordan, who worked with Los Angeles-based Rubalcava Capital Management in reviewing pension systems, said Thursday. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant “I think the clear thing is that L.A. is better off than the vast majority of cities in California. … However, (Los Angeles officials) are going to have to revisit their assumptions on annual returns sooner rather than later. … There are big problems ahead, and they should be tackled right now.” Los Angeles city and county officials defend their pension systems, saying they are in far better condition than those in Orange County and San Diego, where unfunded liabilities are threatening to bankrupt those jurisdictions. And Los Angeles City Administrative Officer William Fujioka said city officials met with Alex Rubalcava, president of Rubalcava Capital Management, and found some “very significant errors in his estimates and assumptions.” “There was a comparison of us to San Diego,” Fujioka said. “I take strong exception to that. The city of Los Angeles has done an exceptional job in managing our retirement benefits. Unlike other major cities throughout California, we have not raised our benefits for city employees.” Still, Rubalcava and other financial experts say that if the price-to-earnings ratio for Standard & Poor’s 500 falls from its current 19 to its historical median of 15 – which some top financial experts expect – pension plans such as Los Angeles’ could require rising contribution rates from taxpayers. last_img read more

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first_imgA Spitfire fighter plane, which is being excavated form a bog in Inishowen, holds the secret to one of the Second World War’s most famous stories. The plane belonged to an American who was later held by the Irish Government for two years after he bailed out of the plane.The crash-landing provoked a huge diplomatic row between Britain and neutral Ireland at a crucial time in the conflict.It is believed the pilot was Roland Wolf, known as Bud, but officially he is not being named until later this year.Before the US joined the war late in 1941, the brave pilot with film-star looks came to Britain and was recruited to fly Spitfires in Northern Ireland. He was based at RAF Eglington, Co Derry. However a coolant leak got him into trouble over the border in November 1941 but he parachuted out before his plane plunged into a peat bog in the Inishowen peninsula.After being captured by soldiers with the Irish Defence Force, he was taken to the Curragh detention camp, where he rubbed shoulders with Nazi agents and IRA sympathisers.After 12 days he escaped and made his way back to his RAF base but the Irish government pressed Prime Minister Winston Churchill for his return and the pilot from Nebraska spent another two years at the Curragh.While there he rode with the local hunt and earned the nickname Bud by wearing a cowboy outfit. After his release, he went straight back to the RAF and was credited with four direct kills.Bud later joined the US Army Air Force and flew 887 fighter missions in Korea and Vietnam, achieving the rank of Colonel. He died in 1994.Part of his Spitfire fuselage has already been unearthed. It was one of 20 funded by ­Canadian millionaire Willard Garfield Weston during the Battle of Britain.Harry McDermot, 75, was just five when he saw the plane plunge to the ground. He said: “I thought I saw a man dangling from an umbrella in the sky. I had no idea what a parachute was. The defence force found him pretty quickly and took him off.”As excavations continue at the remote site, it is expected they will be filmed for a BBC series on war relics presented by The One Show’s history expert Dan Snow.EndsSPITFIRE DITCHED IN INISHOWEN HOLDS SECRET TO GREAT WWII SAGA was last modified: June 19th, 2011 by StephenShare 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:InishowenSpitfirelast_img read more

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first_imgThe remains of the late Tom Gilmartin ar carried to the grave by family members as his wheelchair bound wife Vera looks on.The son of Mahon Tribunal whistleblower Tom Gilmartin said his father never got the apology he was owed by the Irish state.Thomas Gilmartin Jnr received a huge applause at St Michael’s Church in Urris earlier today as he remembered the life and times of his late father. Almost 200 mourners gathered at the picturesque church on the rugged Inishowen Peninsula overlooking Tullagh Bay.Family and friends gathered with locals as Tom, 78, whose wife Vera is a native of the area, was laid to rest in the adjoining cemetery.Tom’s son Thomas Jnr broke with the normal tradition to read his eulogy in memory of his father at the start of mass.During his touching tribute to his father, he occasionally looked towards the coffin containing his father. On top of the coffin lay two pictures of a young Mr Gilmartin alone and one with his beloved wife Vera.Thomas Jnr told how his father was touched by corruption from an early age – even before he started his career.“Unfortunately as is very common in the Ireland of the 1940s and 1950s, opportunities to make the most of his God given talents were few and far between.“Nonetheless he managed to get a place in Agricultural college and did so well in his exams that he was told to get ready to com to Dublin to take up a job in the Civil Service.“A short time later he was told that his place had been taken by someone else that had not done nearly as well – but someone that had a relative well-placed.”When he returned from England to work in England he found it was a  similar place that he had left all those years ago. “Unfortunately my father was let down by people for whom moral scruples or the type my father lived by was seen as a weakness.“Later he never wavered his commitment to the truth even when subjected to extraordinary pressure.“He would never perjure himself even when it was disadvantageous for him to tell the truth such was his honestly and his religious faith.“Dad loved his country and was a proud Irishman. It truly grieved him as the son of a man who fought for the independence of his country to see the sacrifices of his father’s generation disregarded by lesser men. “It is a source of great sadness to us his family that dad was never truly given the credit he deserved for what he did or the apology he was owed for what was done to him. He deserved better.“But that era was only a drop in the ocean compared to his life as a whole,” he said.A native of Lislary, Co Sligo, Mr Gilmartin spent much of his working life in Luton, Bedfordshire, before acquiring land in west Dublin for a planned shopping centre.His name will forever be linked to a shopping centre, originally planned for Quarryvale, which subsequently became the Liffey Valley Shopping Centre, after Mr Gilmartin was squeezed out of the project.His payments to Fianna Fáil politicians and his allegations of bribery demands from others led to his becoming a key witness in the Quarryvale module of the Mahon Tribunal.Mr Gilmartin latterly lived in Cork with his family.He died peacefully at Cork University Hospital last Friday morning.Thomas Jnr also remember the lighter moments of his father’s life and how he loved only very strong tea – with a “teabag or four.”He revealed how Tom had returned to his native Sligo a year ago for the last time.“Dad always remained a proud Sligo man and took time to tell stories there about his adventures as a young man. And 40 odd years in England did not even leave the slightest trace on his accent.“Going back there last year on what would be his final visit home was a great privilege for my wife and myself. As we walked along the shoreline beside his birthplace it was if as if he was reliving his boyhood and it was very moving to see a mixture of joy and sadness in him as he did.”As he fought back tears, Thomas Jnr added he genuinely thought his father was a one-off.“It is sometimes an exaggeration to say that we will not see someone’s like again. But in my father’s case it is true. He was a one off,” he said.He added that his own life with be a lot quieter and a lot less colourful place without his dad to talk to.“I was blessed to have him as my beloved father”As Tom Gilmartin was lowered to his final resting place, his family including his four children and wheelchair-bound wife Vera dropped yellow and red roses on top of his coffin.The bright floral tributes contrasted starkly to the grey skyline of the Inishowen Peninsula under which Tom Gilmartin was laid to rest forever.TOM GILMARTIN LAID TO REST IN INISHOWEN AS SON SAYS HE NEVER GOT APOLOGY was last modified: November 26th, 2013 by StephenShare 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)last_img read more

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first_imgSinn Féin spokesperson for Finance, Pearse Doherty TD, has said the surge in the use of Personal Contract Plans (PCPs) for the purchase of cars needs to be closely monitored and regulated by the Central Bank. Deputy Doherty was responding to the release of a report from the ‘Competition and Consumer Protection Commission’ on the issue.Deputy Doherty said: “While most people seem to have had an acceptable experience with PCPs they are volatile products and still represent a danger to consumers and a possible threat of contagion to the wider economy. “Previous documents I received under the Freedom of Information Act show concern at official levels that ‘wilder elements’ could become involved in the PCP arena.“That remains my concern and I still believe full regulation of PCPs by the Central Bank must be on the cards.“There are serious concerns that buyers can sign up for a car loan without fully understanding the loan conditions or without a comprehensive financial check to assess if they can afford it.“No other product as expensive or as important as this could be sold on that basis by an unregulated lender. “Vigilance remains the watchword here.“I will be asking the Minister for Finance and Central Bank what action they will be taking on the back of this report.”‘Vigilance remains the watchword here’: TD calls for regulation of motoring PCPs was last modified: March 11th, 2018 by Elaine McCalligShare 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:bankingCentral BankFinancepcpsPearse Dohertylast_img read more

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