February 28, 2015 at 03:36PM
By Deepak verma
KNIGHTS LANDING (CBS13) — The Yolo County Sheriff’s Department announced that Samantha Green has been arrested in connection with the death of her three-week-old baby.
Green was arrested after being taken in for another round of questioning late Friday night.
A press conference will be held at 10 a.m. by the sheriff’s department.
Search crews worked through the night on Tuesday to find Justice, but it wasn’t until Wednesday morning that they found the baby’s body.
A candelight vigil was held on Wednesday night, which the family did not attend. Green and her fiancé were reportedly questioned by police for hours, though no arrests were made.
The Yolo County coroner said on Thursday…
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With just a few games left in the season, Jake Newton takes a look at the candidates for this season’s Player of the Year award:
After arriving from Wigan in the summer, “Jimmy Mac” has become one of the first names on the team sheet. His work ethic and technical ability cannot be questioned and this is why he has quickly become a fans favourite.
Arguably the best signing we have made since returning the Premier League, you can now see why we paid such a high fee for the Scotland international. He has definitely added a lot to our midfield, he picks up ball and runs at defenders whilst working tirelessly to track back; it is his work ethic that has won him Man Of The Match on so many occasions.
What can you say about the versatile right back/centre back/central midfielder that…
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By Mark Abrams
PHILADELPHIA (CBS) — When Pope Francis comes to Philadelphia in September, members of the Jewish community are hoping he’ll join them in celebrating the anniversary of a historic event for both faiths.
Naomi Adler, CEO of the Jewish Federation of Greater Philadelphia, says Pope Francis has been invited to take part in a September 27 program at the Institute for Jewish-Catholic Relations at St. Joseph’s University.
“Yes, there has been an official invitation,” Adler says. “We, of course, won’t know until much closer whether or not there’s going to be any response.”
The event will mark the 50th anniversary of a document titled “Nostra aetate,” a Latin phrase translated “In our time.”
It was 1965 when the Roman Catholic Church reached out in word and deed to normalize relations with the…
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On January 30, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Djibouti.
Djibouti’s fundamental development challenges remain to reduce widespread poverty and unemployment, and diversify its economy to reduce dependence on the ports. Forty two percent of the population lives in extreme poverty and 48 percent of the labor force is unemployed.
Djibouti is undergoing an investment boom which would accelerate economic growth. Aggregate investment is projected to rise from 26 percent of GDP in 2010-13 to 52 percent in 2014-16. GDP growth is expected to rise from 6 percent in 2014 to about 7 percent in 2015-19. Inflation is projected to pick up from 3 percent in 2014 to 3.3 percent in 2015-19 as the large investment spending fuels demand for housing and basic services.
High debt-financed public investment spending is exerting considerable fiscal and external debt pressures. The fiscal deficit, on a commitment basis, should rise from 5.9 percent in 2013 to 12 percent in 2014, and peak at 13.8 percent in 2015. External public and publicly guaranteed debt is projected to peak at about 81 percent of GDP in 2017-18. Exports, comprising mainly port services, are expected to increase. However, the current account deficit is estimated to widen from 23.3 percent of GDP in 2013 to about 28 percent in 2014-15, due to large capital goods imports financed by loans or Foreign Direct Investments (FDI).
Central bank gross foreign assets are projected to remain strong, permitting full currency board coverage over the period 2015-19. The authorities have indicated that external and domestic arrears are being cleared. The central bank made further progress in strengthening its banking supervision capacity, adopting new instructions on liquidity and the licensing of credit institutions. However, nonperforming loans increased from 11.4 percent of total loans in 2012 to 16.2 percent at end-June 2014—which the authorities attribute to the introduction of stricter loan classification requirements.
Executive Board Assessment
Executive Directors noted that Djibouti is enjoying strong economic growth supported by an ambitious infrastructure program aimed at reducing widespread poverty and unemployment. However, the debt-financed investments have increased fiscal and external debt vulnerabilities. Directors urged the authorities to take steps to ensure a sustainable fiscal and external debt path. They stressed the need to urgently address major structural bottlenecks to promote sustainable strong and inclusive growth and diversify the economy. Steadfast commitment to reforms will be important.
Directors underlined the need for fiscal consolidation. Expanding the tax base and improving tax administration will be crucial in this effort. More broadly, Directors urged the authorities to reexamine the fiscal framework, including rationalizing investment incentives and making them more transparent and efficient. It is also important to contain the wage bill and reform fuel subsidies in conjunction with plans to design targeted social safety nets to protect the poor and vulnerable.
Directors stressed the importance of strengthening the capacity of the central government and public enterprises to select, coordinate, and manage public investment projects. Equally important is enhancing debt management capacity, including the monitoring of contingent liabilities. Directors encouraged the authorities to formulate a debt strategy, with Fund technical assistance, to manage and reduce the external debt burden and improve coordination among government units responsible for contracting, monitoring, and servicing debt. Directors urged the authorities to seek concessional financing to the extent possible and take steps to clear arrears and remain current on Djibouti’s debt obligations.
Directors agreed that the fixed exchange rate regime under the currency board arrangement has served Djibouti well. They emphasized that safeguarding its stability, including through adequate levels of reserves, is a top priority. Directors highlighted the importance of strengthening bank supervision to preserve financial stability. Close attention should be given to enhancing credit risk analysis and reinforcing instruments to counter money laundering and terrorist financing. Efforts to deepen the financial sector and promote financial inclusion will be important.
Directors urged the authorities to implement structural reforms to boost competitiveness, achieve inclusive and diversified growth, and reduce poverty. Reforms should aim to improve the business climate, particularly by streamlining business regulation, improving electricity and water supply, and providing appropriate skills training to labor.
|Djibouti: Selected Economic and Financial Indicators, 2012–19|
|(Annual percentage change)|
|Real GDP per capita||682.6||697.2||718.9||744.8||775.2||807.6|
|Real GDP (annual change in percent)||4.8||5.0||6.0||6.5||7.0||7.1||7.1||7.0|
|Consumer prices (annual average)||3.7||2.4||3.0||3.0||3.5||3.5||3.5||3.0|
|(Percentage of GDP)|
|Investment and saving|
|Total fixed capital investment||28.1||29.4||48.2||54.9||51.5||35.3||31.7||30.4|
|Gross national savings||7.8||6.1||20.7||27.1||29.7||21.9||18.5||18.4|
|Total revenue and grants||34.5||31.8||35.6||35.4||32.9||31.0||26.9||26.4|
|Expenditure and net lending||37.2||37.7||47.5||49.4||45.3||34.6||32.7||31.1|
|Total revenue (excluding grants)||25.9||27.4||28.8||27.1||25.4||24.2||23.3||22.9|
|Overall balance (commitment basis, incl. grants)||-2.7||-5.9||-12.0||-14.0||-12.4||-3.6||-5.8||-4.7|
|Change in domestic arrears (decrease -)||-0.6||-1.0||-0.6||-0.5||-0.5||-0.4||-0.4||-0.4|
|Stock of domestic arrears||5.6||4.1||3.2||2.4||1.6||1.0||0.5||0.1|
|Overall balance (excluding grants)||-11.3||-10.3||-18.7||-22.3||-19.9|
Ms. Christine Lagarde, Managing Director of the International Monetary Fund, issued the following statement after a meeting in with Liberia President Ellen Johnson Sirleaf today:
“It was a great pleasure to welcome President Sirleaf to the IMF today. We had a very good discussion about her plans and priorities for Liberia’s recovery. The courage and tenacity of the Liberian people in the face of an unprecedented public health emergency have been extraordinary to behold. The world has felt Liberia’s pain, and the international community has responded—even if it perhaps took too long to get started. Hopefully, the epidemic will soon be fully eradicated.
“Now is the time to continue to stand with Liberia as it rebuilds. Over the past five months, the IMF has provided Liberia with some $130 million of new financing and debt relief, including about $45.6 million from the Rapid Credit Facility and about $36.5 million of debt relief, recently approved by our Executive Board. The debt relief was the first time such assistance was provided under our new Catastrophe Containment and Relief Trust.
“This assistance is providing crucial budget support and allowing the deficit to expand to assist the government’s efforts to eradicate the disease and support the economic recovery. The poor and vulnerable have been hit disproportionately, and action is urgently needed to address food insecurity.
“Liberia has been making so much progress before Ebola hit, and it is essential that we do everything we can to help get the economy back on track. The IMF intends to continue to support the people of Liberia in their efforts, and I hope that we can help make a difference.”