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President Bharrat Jagdeo is optimistic and celebrates the fact that Guyana has not experienced any major ravages of its economy like the rest of the world but says the country is not yet totally in the clear.Yesterday, he told soldiers that Guyana has experienced a major reduction in remittances and if the recession is prolonged we may face some consequences.“If the world continues to be where it is (void of any economic dynamism) we may have to face some of these consequences.” He is however optimistic and says that Government “is very cautious about 2010 and is managing resources carefully.”Over the past 18 months the world lost $30 trillion of value,Wholesale Jerseys Free Shipping, stock exchanges around the world collapsed, currencies depreciated,Wholesale Jerseys, house prices fell significantly and many people couldn’t pay their mortgages.In addition, 20 million people worldwide lost their houses while 50 million people lost their jobs.Closer home, in the region,Wholesale NFL Jerseys, CLICO collapsed and the tourism industry reeled from the impact of the global crisis while countries such as Antigua and Barbuda at present can’t pay wages and salaries.“Jamaica has seen its currency being depreciated significantly and it has lost several aluminium factories. Almost every country in the world and in the region has experienced some form of effect except for Trinidad because of its oil wealth,” President Jagdeo said.2009 has been a rough year for the world economically, the president said. Though Guyana is included it is not as hard hit as most countries around the world and in the Caribbean Region,NFL Jerseys China Online, he added.President Jagdeo,Wholesale Jerseys From China, assessing the year,nfl jerseys china, said, “In Guyana we have seen some deviation from our original growth rate.” But fortunately because of the accumulated work that his government has done to get rid of debt there is more fiscal space.He also credits Government’s creative approach to fuel taxation that has not incurred any major shrinkage in revenue.The President said that Guyana’s economy has managed to stay afloat and there has not been any major crash in housing crisis. Not many people have lost homes.He said from his stand point the New Building Society has currently reached its limit in mortgage loans and he recently had to give the commercial banking sector tax free concessions on loans up to $8m resulting in them lending more money at a very concessional rate.Noting that quite few big projects are nearing completion and are on going the president said, “I want the housing construction to continue in the country.”
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Therewith grey-eyed Athene departed over the unharvested seas, and left pleasant Scheria, and came to Marathon and wide-wayed Athens, and entered the good house of Erechtheus. Meanwhile Odysseus went to the famous palace of Alcinous, and his heart was full of many thoughts as he stood there or ever he had reached the threshold of bronze. For there was a gleam as Maglia Manchester City it were of sun or moon through the high-roofed hall of great-hearted Alcinous. Brazen were the walls which ran this way and that from the threshold to the inmost chamber, and round them was Parka Blizzard Veste Femme Pas cher a frieze of blue, and golden were the doors that closed in the good house. Silver were the door-posts that were set on the brazen threshold, and silver the lintel thereupon, and the hook of the door Ostaa Halpa Jalkapallo Chelsea Paidat was of gold. And on either side stood golden hounds Goedkope Heracles Almelo Voetbalshirts and silver, which Hephaestus wrought by his cunning, to guard Moncler Femme Pas cher the palace of great-hearted Alinks:
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