NPA Donates to Health Centers in Buchanan

first_imgThe port authority of Liberia in continuation of its humanitarian support to health centers in the fight against the Ebola virus disease (EVD), has donated several assorted materials to the Government owned hospital and the St. Joseph Catholic Hospital as well as a local clinic in Buchanan, Grand Bassa County.Hospital beds and beddings were among the items donated by the National Port Authority (NPA) on Sunday, October 26.The NPA management also gave L$85,000 in support of a fundraising for the official launch of the Grand Bassa Traditional Ebola Awareness Video initiated by Grand County District # 3 Rep. Gabriel Smith in partnership with NPA and other institutions.Speaking during the ceremony, NPA Managing Director Madam Matilda W. Parker disclosed that 50% of the money for the Ebola awareness video was donated by the Dock Workers’ Union of Liberia.She also commended the NPA workers for their innovation and thoughtfulness in ensuring that the hospital beds and beddings were ready for delivery to the needed health centers on time.The Dock Workers Union of Liberia comprises the port workers of Liberia. The NPA boss, who was accompanied to Buchanan by the leadership of the Dock Workers Union and senior management staff, said the donation is NPA’s way of identifying with the health centers of the County.According to Ministry of Health, Grand Bassa County has reported 36 Ebola deaths so far and the county now has fewer cases.Madam Parker lauded the heath officials of Grand Bass County for their valuable sacrifices towards the eradication of the deadly Ebola epidemic.The Ebola virus has killed nearly 5,000 people in West Africa and infected over 10,000, the World Health Organization says.In a dispatch from Buchanan, Madam Parker urged the citizens to do more in the eradication of the disease.The ceremony was attended by Grand Bassa County Officials, heads of the medical institutions and representatives of several institutions.Buchanan is the second largest seaport in Liberia owned and controlled by the NPA.  NPA management considers Buchanan key and is seeking to develop its infrastructure to international standards.On Friday, October 24, NPA also donated 10 beds and 20 beddings to Phebe Hospital in Gbarnga Bong County.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Canadians insolvency problems might not be as bad as everyone thinks CD

first_img Share this storyCanadians’ insolvency problems might not be as bad as everyone thinks, C.D. Howe says Tumblr Pinterest Google+ LinkedIn Rising insolvencies are adding to concern about the sustainability of Canada’s lofty household debt levels.Getty Images/iStockphoto Reddit Chris Fournier Featured Stories More Facebook Twitter Along with near-record debt-service ratios and rising borrowing costs, rising insolvencies are adding to concern about the sustainability of the country’s lofty household debt levels. To determine how significant the increase in insolvencies is, Kronick argues data at the individual level is needed.No DistinctionThe Ottawa-based Office of the Superintendent of Bankruptcies separates insolvencies into bankruptcies and so-called proposals, when a debtor agrees with creditors to pay off a certain portion of the debt over time. The OSB’s monthly and quarterly reports give the volume of insolvencies, without disclosing liabilities and assets. It discloses those in its annual reports, but aggregated by city and region.“Bankruptcies and consumer proposals include both cash-flow and balance sheet insolvencies,” a spokesman for the OSB said by email. “No distinction is made under the Bankruptcy and Insolvency Act between those two types of insolvencies.”In addition to calling for more detailed insolvency data, the researchers argue some of the warnings about Canada’s rising debt loads may be overstated, given the country’s debt-to-net worth ratio has stayed relatively constant at 20% since 2007, even though debt-to-GDP has risen to 100%, from 75%.“We’re not saying all’s well,” Kronick said. “We’re just trying to say there’s a big difference that we should recognize, but we can’t because we don’t have enough here to tell us.”Bloomberg.com Sponsored By: Comment Email Bloomberg News More Canadians are going broke because of higher interest rates The increase in Canadian insolvency filings may be less serious than previously thought, according to one of the country’s top economic research institutions.Consumer insolvencies in Canada rose to the highest in eight years in March. However, it’s difficult to know “how loudly the alarm bell is ringing” because the publicly released figures don’t distinguish between cash flow and balance sheet insolvencies, the C.D. Howe Institute said in a blog posting.Balance sheet insolvency is when a person is still unable to pay off debts, even after selling off all of their assets. Cash flow insolvency, on the other hand, is when a person can’t pay off debts because of difficulties selling their assets. Of the two, balance sheet insolvency is more serious. Hold the panic: Maybe Canadians aren’t facing a debt insolvency crisis after all As bankruptcies rise, BoC’s Poloz says he’s listening to people’s concerns about higher interest rates More people are going broke in Canada as interest rates rise “It’s hard to sell your house at a moment’s notice, but that’s really a matter of being illiquid, and not what economists would typically think of as insolvency,” said Jeremy Kronick, associate director of research at C.D. Howe and one of the report’s authors. “There’s a big difference between selling all your assets and still being in debt, versus selling them all and not.”There’s a big difference between selling all your assets and still being in debt, versus selling them all and notJeremy Kronick, C.D. Howe advertisement Canadians’ insolvency problems might not be as bad as everyone thinks, C.D. Howe says Released figures don’t distinguish between cash flow and balance sheet insolvencies and one is worse than the other May 23, 20192:28 PM EDT Filed under News Economy Related Stories 3 Comments Join the conversation → What you need to know about passing the family cottage to the next generation ← Previous Next →last_img read more