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Several injured in separate accidents in city

first_imgIt was chaos at the Georgetown Public Hospital (GPHC) on Thursday afternoon when friends and relatives of the more than 20 victims, who were injured in separate accidents across Georgetown, gathered.This composite photo shows the bus and car which collided at High and Princes StreetsLuckily, there were no fatalities up to press time but some victims were said to be critical with severe injuries, including broken limbs.At about 17:30h, a route 42 minibus, BXX 4165, and a motor car, PNN 3115, collided at the corners of High and Princes Streets, Georgetown, leaving several persons injured.Guyana Times understands the minibus was proceeding South on High Street when it collided head on into the left side of the car, which was heading East on Princes Street, just outside the Infinity Gas Station.At the time, there were 14 passengers including the driver and conductor in the bus. Most of them received injuries but most were reported minor. The car had four occupants and this newspaper was told that one of the backseat passengers is in a critical condition.At the scene, a Princes Street, Georgetown resident told this publication that they heard a loud impact and upon investigating, saw the car facing downwards in a nearby drain and the bus, which reportedly toppled several times before coming to a halt.The Police transported several victims to hospital where friends and relatives of the accident victims gatheredMeanwhile, another accident in Kitty, Georgetown, resulted in a motorcyclist being detained and a pedestrian nursing lacerations about his body.Guyana Times understands that sometime around 17:40h, a motorcyclist struck a pedestrian in the vicinity of Seeta’s Bar on Station Street, Kitty and rode away. However, traffic ranks on Vlissengen Road managed to apprehend the perpetrator and he was taken into custody where he is assisting with investigations.Additionally on Thursday, a teenager was thrown off his motorcycle after he collided with a motorcar on Mandala Avenue, Georgetown. This newspaper was told that the 14-year-old received lacerations to his body and he too was taken to the city hospital for treatment.There was also another accident involving a Police Officer who just came off duty. While the details of this incident are sketchy, this publication was told that the officer had just gotten off duty and was a pillion rider on a motorcycle when they were struck.The officer, who sustained minor injuries, also sought medical attention at the GPHC along with the rider but up to press time, the nature of his injuries were unclear. Friends and relatives gathered at the hospital claimed they had not received any updates on his condition at the time of being approached by this newspaper.last_img read more

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Students lacking in financial smarts

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WASHINGTON – They like to spend it, but young people don’t know much about how money works. On average, high school seniors answered correctly only 52.4 percent of questions about personal finance and economics, according to a nationwide survey released Wednesday. Still, that was a smidgen better than the 52.3 percent in the previous survey in 2004 and was up from the lowest-ever score of 50.2 percent in 2002. “This indicates that, despite the attention now paid to the lack of financial literacy, the problem is not about to resolve itself anytime soon,” said Lewis Mandell, a professor of finance and managerial economics at the University of Buffalo School of Management who conducted the survey and analyzed its results. The latest survey – the fifth – was released by the Federal Reserve. The surveys, done every two years, were sponsored by the Jump$tart Coalition for Personal Financial Literacy, which wants students to have the skills to be financially competent. In the survey, 55.8 percent said they would have no liability if their credit card was stolen and a thief ran up $1,000 worth of debt. (Liability is limited to $50 after the credit-card issuer is notified.) Only 15.1 percent knew they could be responsible to pay $50. Two years ago, 18.1 percent gave the correct answer. Only 14.2 percent correctly said that stocks likely would offer the higher growth over 18 years of saving for a child’s education. That was down from 17.2 percent who knew the right answer in the 2004 survey. In this year’s survey, 44.8 percent thought a U.S. savings bond – one of the most conservative investments – would offer the highest growth. “Clearly the survey demonstrates the large gap between what students know and learn from life experiences and the need on the part of adults to find the right combination that will make financial literacy meaningful to young adults leaving the safety of high school,” said Laura Levine, executive director of the Jump$tart Coalition. Federal Reserve Chairman Ben Bernanke said financial literacy for both the young and old is a topic of vital importance to the nation’s economic future. “Increasingly, personal financial security requires the ability to understand and navigate the financial marketplace. “For example, buying a home, saving for retirement or for children’s education, or even effectively managing the family budget now requires more financial sophistication then ever before,” Bernanke said. Some other results in the survey: Just 22.7 percent knew income tax may be charged on the interest earned from a savings account at a bank if a person’s income is high enough. Nearly 51 percent said that earnings from savings account interest may not be taxed. In the previous survey, 23.9 percent chose the correct answer. Nearly 38 percent correctly said retirement income paid by a company is called a pension. That’s up from 34.2 percent who answered right in the earlier survey. Still, close to 59 percent in the current survey thought it was called Social Security or a 401(k). Only 28.6 percent knew that a bond issued by one of the 50 states is not protected by the federal government against loss. In the previous survey, 35.3 percent chose the right answer – that such bonds are not federally protected against loss. Seniors from higher-income families scored better than those from lower-income households, Mandell said. For instance, 12th-graders from families with incomes greater than $80,000 a year scored an average of 55.6 percent, while students from families at the lowest rung – less than $20,000 a year – had a score of 48.5 percent. By race, white students scored an average of 55 percent. Blacks and Hispanics scored 44.7 percent and 46.8 percent, respectively. Asians scored an average of 49.4 percent. last_img read more

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