Category: clykqaql

Widespread outcry over ‘wrist tape words’ ban

first_imgNZ Rugby Players Association boss Rob Nichol told Radio Sport Breakfast that the law change came as a surprise, the details ‘buried’ in the latest agreement.“It came apparently through the participation agreement that the teams signed. But it was buried. We certainly weren’t across it. New Zealand Rugby, I don’t think were across it and the players haven’t been consulted or involved in the decision, from our perspective anyway,” said Nichol.“We’re just trying to unpack it a bit and work with World Rugby and try and address it.”“I think the whole process that’s been around it has been poor,” he said. “It hasn’t gone out for consultation and that’s a big problem. It makes the game and themselves look a bit stupid.”The move was made to align World Rugby with the International Olympic Committee’s rules where no slogans, symbols or messages are permitted.A spokesman for World Rugby’s told Stuff.co.nz a common-sense approach had been accepted by all participating teams and the ban covered the world sevens circuit and the Rugby World Cup.“There has been a significant increase in strapping ‘art’ or ‘messages’ on the series in recent seasons, which is impossible to police for inappropriate or political statements by the match officials in the short period of time before entering the field in a sevens environment across multiple matches and in multiple languages,” the statement said.Nichol also expressed dismay at the potential for $1,000 fines for players who fail to comply.“Even the concept of a fine. World Rugby doesn’t have the power to fine our players, so it’s comical . . . it’s a joke. The whole thing has just been really poorly done.”last_img read more

Oceania Taekwondo qualifiers this weekend

first_imgStarring some of Papua New Guinea’s best in different divisions for both male and female, the tournament will showcase the best in each division from Oceania. Males’ best in Featherweight division is Max Kassman (68kg) and Jonathan Paschalis (+80kg) in the heavyweight.Female divisions include Rosemary Tona (49kg) in the flyweight fight and Samantha Kassman (+67) in the women’s heavy weight challenge.For the event this Saturday, Taekwondo PNG have also urged interested club owners and Instructors to register their Clubs and Schools and get their free booths for an opportunity to showcase their Taekwondo programs during the Oceania Olympic Qualification Tournament.The fights will start at 10 am and entries are free and open to all to go and support team PNG athletes. Interested clubs and a school who wants to register can contact Sena on events@pascoegroup.com to register.last_img read more

Champs too close to call

first_imgThe battle for the boys’ crown at the 2017 ISSA/GraceKennedy Boys and Girls’  Championships is going down to the wire.    A massive 38 points Kingston College lead,  after Thursday’s third day, evaporated on day four and the title is now up for grabs on today’s final day. KC were predicted to lead by 21 points going today’s fifth and final day at the National Stadium but that advantage is now only seven and all the momentum is with Calabar.    KC lead the standings with 139 points with Calabar on 132. The top eight is completed by Jamaica College on 98, St Jago High 69, St Elizabeth Technical 40, Wolmer’s Boys 39, Petersfield High 31 and Rusea’s High 16.     KC suffered a massive blow in the sprints when Jhevaughn Matherson sustained an injury in winning his Class One 100 metres semi-final. He reported for the final but was disqualified after a false-start.     More salt was rubbed into KC’s wounds when arch-rivals Calabar took maximum points in the event. Michael Stephens won in 10.41 seconds with Tyreke Wilson taking silver in 10.52. The bronze medal went to Washington Brown of Cornwall College in 10.58.        The Class Two boys 1500 metres lived up to its billing. Calabar’s Kevroy Venson produced a terrific stretch run to upstage KC’s Ugandan athlete Aryamanya Rodgers to win in a record 3:55.28. Venson shattered the previous mark of 3:57.28, which was set by Keenan Lawrence of St Jago last year. Rodgers, the favoutite going into the event, also went below the old mark as he took second in 3:57.02. Venson’s teammate Kimar Farquharson was third in 4:00.13. Venson was delighted with the record.   “I feel good about breaking the record. I knew that I would do it because my coach just told me to go out and do my best and so I went out and executed my race,” said Venson. “I wasn’t worried about him (Rodgers). I knew that I could have beaten him because I trained hard and I am very confident person,” Venson said.  Rusea’s Ackeen Colley captured the Class One equivalent in 3:53.27. Calabar’s Javon-Taye Williams was second in 3:54.21 while St Elizabeth Technical’s Shemar Salmon took third in 3:65.30. Calabar had another fine one-two in Class Three long jump. Ncholloyd Brown won with a leap of 6.65m ahead of his teammate Jorfan Turner (6.60m) and Eniola Johnson of Ardenne (6.27m). Wolmer’s Jeremy Farr captured the first ever Class Two 400m hurdles final in  51.44.   Calabar’s pair of Nicquaine Henry (53.42) and Andre Leslie (52.62) were second and third respectively.  KC’s Giovouni Henry won the Class Three 1500m final in 4:17.52  while his twin brother Gianni was third in 4:18.32. St Elizabeth Technical’s David Martin took second in 4:18.07.last_img read more

Firestone Tapper’s Triplets Turn 2 Years Old

first_imgTriplets born to a Firestone tapper’s family celebrated their second birthday on November 13, 2013.They held their first birth day party around the the family’s two room apartment at the Firestone Plantation’s Division 43, with several neighborhood children garthered to sing happy birthday to the triplets.The party was arranged through the kindness of Defense Minister Brownie  Samukai and Daily Observer publisher Kenneth Y. Best, who have being contributing to the upkeep of the triplets and family ever since the three, a boy and two girls, were born on November 13, 2011.Madam Esther Tokpa, wife of Firestone tapper Jerry Tokpa, give birth to three at Duside Hospital on November 13 2011.By share coincidence, the Defense Minister happened  to have been in the Duside Hospital visiting a friend  the very day the triplets were born. Mr. Samukai showed compassion and asked the doctor to see the mother and her triplets.The doctor obliged and the Minister, observing that the first of the three was a boy, named him Samukai.On the Saturday following the triplets’ birth, the Daily Observer publisher and his  son Bai Sama Best drove to Duside Hospital to see the triplets and their mother.  The following Monday the story appeared on the Observer’s front page.From that point, several people, including Mrs. Wilhelmina Tubman Turker (Coocoo) and a Nigerian oil executive contributed money to the triplet family.Meanwhile, Defense Minister Samukai and Mr. Best started sending money and goodies to help the family cope with the  onerous responsibility caring for the triplets and Samukai, Naomi, Joy and their two siblings.Defense Minister Samukai is away from the country at this time but contributed to the triplets first birth day party when they turned two  yesterday.Mr. Best, with his little two cents, went shopping Tuesday and bought biscuits, balloons, dresses for the triplet girls, candies, juices, pop corn, a suit for the eldest triplet, Samukai, and toys. Mr. Best delivered these items yesterday to the parents in Division 43.The family planned to invite nearly 50 children, which included their immediate neighbors in Division 43,  for the party, held later in yesterday afternoon.Many of the neighborhood  children of the children showed up in the couple’s two-room apartment to withness the presentations.Mr. Tokpa said he was overwhelmed by the kindness of Minister Samukai and Mr. Best.“I am highly pleased about all you have continued to do for the children since their birth,” he stated, receiving the items with joy.His wife Esther also expressed gratitude for the kind gesture.Minister Samukai and Mr. Best are in touch with the Lutheran pastor of Division 43 for the christening, in the new future, of the triplets and their two older  siblings. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Millers owe Essequibo rice farmers over $132M

first_img– Holder slams non-payment, urges GRDB to explore penalties for errant millersGuyana Times has long been reporting about the financial hardships experienced by rice farmers who have been owed millions of dollars by rice millers; Agriculture Minister Noel Holder has concurred with the farmers’ plight and slammed the prolonged delay.A combine in a rice fieldAccording to the Department of Public Information, (DPI), Agriculture Minister Noel Holder on Thursday declared that the delay farmers experience in receiving from millers payment for their produce is a clear violation of the Rice Factories Act, and is a “clear demonstration of unfair business practices”.His comments came after rice farmer and Essequibo Paddy Producers’ Association head, Naith Ram, lamented the farmers’ plight during a recent outreach to Region Two. According to DPI, while saying that rice farmers on the Essequibo Coast “are being held to ransom by many millers”, Ram has identified rice miller Wazir Hussain as owing many of those farmers.Hussain had earlier told this newspaper that it was the Guyana Rice Development Board (GRDB) which owe millers, and the millers, in turn, owe farmers. Nevertheless, Ram cried out that he has been owed since the first crop for 2018. He said that many farmers had to either relinquish cultivating or scale back cultivation significantly.“Farmers have not been paid to date. We have a Factories Act, but farmers will not take millers to court because of fear of victimisation by other millers. We have to devise another system – we have to take some firm action. How can a farmer who is not being paid sustain his family? We have to do something to help the situation in Region Two.” Ram said.DPI quoted Ram as saying that millers continually owing farmers is “negatively affecting the rice industry and the livelihood of rice farmers.” According to the Government Information Service, GRDB noted that millers on the Essequibo Coast owe farmers more than $132 million for paddy supplied from the first crop, with a popular Essequibo miller owing “97% of that figure”.In response, Minister Holder has said millers must not be allowed to mistreat rice farmers and withhold payments.“We have many millers faulting the Board for their not being able to pay farmers, especially recently, for rice shipped to Panama. The Panama deal is not like other arrangements millers have with other buyers; it is a Government-to-Government arrangement. The GRDB approached millers explaining that the Panama market offers 30% more for the rice, but like any Government-to- Government arrangement, funds take a litter longer to process.”Minister Holder pointed out that if millers are not treating farmers justly, the GRDB could explore withholding milling licences, as the law stipulates. “However, this has to be a Board policy…as a member of the GRDB Board of Directors, you can bring that suggestion to the table, (but) the Minister cannot make that decision; it has to be a decision of the Board.” Minister Holder said.Rice farmers on the Essequibo island of Wakenaam were in July paid after waiting for five long months to be paid for their produce. Before this payment was effected, farmers had vented their frustrations at the prolonged delay, saying that the crop would pass without them being paid. However, as media reports highlighted, after months of non-payment that farmers were being made to endure, the farmers finally received the monies that were owed to them.However, the Guyana Rice Millers Association (GRMA) maintained that millers are signing agreements with GRDB, which has a Government-to-Government arrangement with Panama, and as such, GRDB has an obligation to pay millers.GRMA Head, Leekha Rambrich, had observed in June that GRDB was violating laws on its delayed payments to millers under the Panama deal.last_img read more

Bandits beat, rob Corentyne family

first_imgA Corentyne, Berbice family was beaten by bandits on Wednesday evening during a home invasion.Reports are that three armed bandits forced their way into the Lot 16 Liverpool, Corentyne, Berbice, Region Six (East Berbice-Corentyne) home owned by Sunderlall Ketwaru, called “Viky” around 18:30h on Wednesday.Chobudai KetwaruHis wife, Chobudai Ketwaru, who operates a business, was at home with her 39-year-old son when the men brandishing guns entered the building.Speaking with this publication, the woman explained that one of the gunmen grabbed her, while another dragged her son into another part of the house.She said she was pushed onto a chair, choked and hit on the head several times with a gun.“He ask me for the money, ‘Where is the money, give he the money’ but I couldn’t respond,” she revealed.Beaten Annand KetwaruAccording to Chobudai, she was losing her breath and managed to release the tight grip of one of the bandit’s fingers around her throat. The woman explained that after taking a deep breath, she begged to be allowed to go into the kitchen to be allowed to turn off the stove. This, she pleaded with the bandit, could start a fire.“He grabble me back and ask me ‘where is the money’. So, I told him, ‘come let us go into the shop and see what I could get in the shop’. I go in the shop and go where the cigarette is and passing my hand by the shelf. The same time the rest of them run in the shop and start opening up all the drawers. And then I push the one that was holding me all the time… He get so stupid and I run out”.The Berbice business place which was robbedShe said that she shouted for help as she ran into the yard. The neighbours called the Police.Meanwhile, her husband, who is a rice framer, said he was on his way home when he saw Police and a crowd at his home.“I was coming home from the rice field in Black Bush. When I reach, I see a flock of Police in front of my home, so, I run in the house and discovered that they beat my son with a gun and burst his head; he has a few stitches. My wife, they beat her in her head and choke her and my son run across the road where a truck was coming and miss him. My wife run to another neighbour and tell them to call the Police and the Police respond in about five minutes,” the rice farmer said.The men escaped with $2500, two cellular phones valued at $80,000, a gold chain, along with cigarettes. This newspaper was told that the men were all masked and gained entry by breaking through the back fence and an inner fence around the building.This is the fifth time bandits have attacked the family.“I applied for a firearm licence and was denied. I need protection. Mr (Khemraj) Ramjattan (Public Security Minister) must help the people. Some people who don’t need firearms have firearms,” Ketwaru said.Police have since launched an investigation.last_img read more

Carroll not fazed by McKnight probe

first_imgLOS ANGELES – USC coach Pete Carroll said Friday he is not “fazed” by a university investigation into whether NCAA rules were broken in the recruitment of star tailback Joe McKnight because “nothing happened, so we won’t get penalized.” McKnight caused a controversy during his press conference to announce he signed with USC on Wednesday, when he suggested he picked the Trojans after he listened to a conversation between Carroll and former tailback Reggie Bush. Before he signed, McKnight was concerned about possible NCAA penalties against USC involving allegations Bush received improper benefits from agents. Carroll said Friday he was looking for a tape of McKnight’s press conference because he was concerned the tailback’s comments were “twisted.” McKnight followed up his initial comments and said they were mistaken. “The way he says what he said, his words might have been twisted,” Carroll said. “They never talked and never had a conference call or speakerphone conversation. Joe knows that. “I’m not worried about it one bit. There are phone records to show it never happened and if it comes down to it, they will find that out.” Under NCAA rules, former players are forbidden to speak to recruits because they are considered boosters or representatives of the university. USC’s compliance office is investigating the matter. Ironically, Carroll said he considered setting up a conference call with Bush and McKnight during a home visit in Louisiana last week but was told by his staff such a conversation was against the rules. Instead, Carroll said he spoke to Bush. center_img “When Joe was trying to get a hold of me, he wanted to know what was going on, so I talked to Reggie and asked for some details and got him up to date,” Carroll said. “That conversation with Bush (and McKnight) never existed. Reggie and everyone will tell you it didn’t happen.” Carroll said he blames Louisiana State fans for the controversy, because they are unhappy McKnight left the state and chose USC. “The LSU people are going crazy with it,” he said. “Everyone down is raising a stink. There’s nothing to worry about. It absolutely did not happen.” Although the incident drew national attention Friday, even if a conversation took place, the NCAA said it would likely be considered a secondary violation, which does not result in significant penalties. McKnight, who is from River Ridge, La., was rated the No. 1 tailback in the nation by Rivals.com. His commitment helped give the Trojans a recruiting class that was ranked the nation’s best by several national services. 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

Vet honored at Palmdale High

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! PALMDALE — Slain Army Sgt. John E. Allen of Palmdale High School’s Class of 1999 was remembered Friday at his alma materas a kid who loved life. In a ceremony held at the school’s flagpole, the school choir that Allen had sung with performed, and a memorial plaque was presented to his parents. “I think it’s wonderful that they did this for John and us,” said Allen’s mother, Kellie Allen, after the event. “It’s a very special day.” Other family members present were Allen’s father, Richard; his twin sister, Amanda Braxton; and his wife, Aspen, his high school sweetheart whom he married in July. Allen also has a younger brother, Adam, who is in the Air Force and is stationed in Anchorage, Alaska. “This is what John would have wanted. He loved to be the center of attention,” said Braxton, who now lives in Redlands. “We were total opposites. I’m serious. He loved life too much.” Allen, 25, and three other soldiers died when a roadside bomb detonated near their vehicle March 17. All four soldiers were assigned to the 2nd Battalion, 12th Cavalry Regiment, 4th Brigade Combat Team, 1st Cavalry Division, in Fort Bliss, Texas. A second plaque with Allen’s name on it will eventually be mounted in the cafeteria next to an 8-by-4-foot stained-glass artwork made in the 1970s by students to honor 11 alumni who died in the Vietnam War. “Today we ensure his name will be remembered by his alma mater and the community for all time,” Principal Eric Riegert said. The school plaque has blank plates on it should others die serving their country. “We are hopeful the rest of the boxes won’t be filled,” Riegert said. Choir director Michael McCullough said Allen was a member of the school singing ensemble. His favorite song was Anton Bruckner’s “Ave Maria.” Before leading the choir in a song about freedom and peace, McCullough said, “John always felt he could do what it took to get a job done. He felt it would always get better.” Palmdale Mayor Jim Ledford also spoke, urging residents to do all they can to support Allen’s family. “As a community we are here to say we share in your sorrow, hurt and loss, and we are here to show support and pay our regrets,” Ledford said. Allen was a health-care specialist who joined the Army in July 2005 and was doing his first tour in Iraq. Allen was buried at Arlington National Cemetery, eight plots away from where his grandfather, an Army master sergeant with whom Allen shares his name, is buried. Allen’s parents recalled their son as a daredevil who loved the outdoors, a musician who taught himself to play the piano and an artist whose work graces the walls of their home. Allen went into the Navy right after high school and served from 1999 to 2003; he enlisted in the Army in 2005. Allen’s military awards and decorations include a Navy Unit Commendation Medal, Army Good Conduct Medal, National Defense Service Medal, and a Navy Sea Service Deployment Ribbon, Army officials said. Allen and the other three soldiers were posthumously awarded the Bronze Star and the Purple Heart. — Karen Maeshiro, (661) 267-5744karen.maeshiro@dailynews.comlast_img read more

LETTERKENNY TO DUBLIN BUS ROUTE TO BECOME WHEELCHAIR ACCESSIBLE

first_imgBus Éireann has confirmed it is to provide a wheelchair friendly bus route from LettErkenny to Dublin.A wheelchair friendly bus will now be available from Letterkenny to Dublin.The news has been welcomed by Independent Deputy Thomas Pringle who had approached the bus provider about wheelchair accessibility on vital bus routes in Donegal.In a letter responding to Pringle’s representation, Bus Éireann stated it has received funding from the NTA to make changes to their Letterkenny Bus Station to include a wheelchair accessible bus bay. Responding to the news, Deputy Pringle says ‘I’m delighted to hear that progress is being made to accommodate wheelchair users on the important Expressway bus services from Letterkenny on route 32. They have indicated to me that detailed drawings are currently being finalised to go to tender for the work.’‘Bus Éireann have also indicated to me that they are in discussions with the council about providing a suitable alternative to the current bus stop in Donegal Town at the Abbey Hotel which is not fully accessible at the minute.’‘I hope that initiatives like these will be rolled out to even more routes and that this will become standard practice in years to come. I am currently in the process of finding out more details from the NTA on how Donegal will benefit from funding allocated in 2015.’‘We need to consider the disadvantage facing people with disabilities in remote counties like Donegal. Not only is access to transport an issue for people in rural Ireland, wheelchair friendly transport services are even more difficult to come across,’ concludes Pringle. LETTERKENNY TO DUBLIN BUS ROUTE TO BECOME WHEELCHAIR ACCESSIBLE was last modified: November 4th, 2015 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:bus routedonegaldublinletterkennywheelchairlast_img read more

30,000 jobs to go from GM, CEO says

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals “We’re not taking these actions to relieve pressure,” Wagoner said at a press conference at GM headquarters in Detroit. “We’re taking these actions to get the business right.” UAW President Ron Gettelfinger described the massive restructuring to come as “extremely disappointing, unfair and unfortunate.” He said its shadow has already been cast over the 2007 labor negotiations. “Today’s announcement clearly makes those negotiations much more difficult,” Gettelfinger said Monday. The breadth of the cutbacks reflects GM’s bleak performance this year. The company has lost more than $4 billion in North America alone, and its U.S. market share sank to an all-time low of 26 percent through October. Wagoner said assembly plants will close in Oklahoma City, Okla.; Lansing, Mich.; Doraville, Ga.; and Ontario, Canada. One production line would close and one remain open in Spring Hill, Tenn. The company is removing shifts at plants in Moraine, Ohio, and Ontario. DETROIT – With its U.S. market share mired in a decades-long tailspin, General Motors Corp. took dramatic steps Monday to downsize its North American operations by shutting down assembly plants and slashing 30,000 jobs. The long-anticipated restructuring represents GM’s deepest cost cuts since the early 1990s, and sets the stage for a showdown on jobs with the United Auto Workers in the upcoming 2007 national contract talks. In announcing the moves, GM Chairman and Chief Executive Officer Rick Wagoner said the automaker needs “tough medicine” to bring down its structural costs and ultimately return to profitability. Wagoner denied once again that the world’s largest automaker is a candidate for bankruptcy, but he said Monday’s actions were a critical component of GM’s goal to reduce its costs by $7 billion over the next three years. Beyond that, GM will close two stamping plants, including one in Lansing, and two engine plants, including a large factory in Flint, Mich. Several parts-distribution centers across the country will be closed. Industry analysts said the cuts were expected but hardly enough to ensure GM’s long-term revival. “The plan is essentially as expected, meaning not terribly aggressive,” said Rob Hinchliffe of UBS Securities. “We estimate the cuts imply that GM is expecting to operate at 25 percent share. Given steady share losses, this may prove optimistic.” The cutbacks will remove about 1 million vehicles from GM’s North American production, trimming the company’s annual capacity to about 4.2 million cars and light trucks. “They have finally and publicly faced up to the reality of the fact that they’ve got far too much capacity,” said Joseph Phillippi, an industry analyst with Auto Trends Consulting in Short Hills, N.J. Wagoner said the job losses would come from a combination of normal attrition, early retirements and buyouts. “We’re not going to get 30,000 people (out) from one day to the next, but we’ll get it on a cumulative basis,” he said. In addition, GM’s salaried work force, shrinking for the past five years, will continue to shrink in 2006, Wagoner said. One analyst, Rod Lache of Deutsche Bank, projected that as many as 6,000 jobs would be lost in the salaried ranks. Overall, Wagoner said GM expects to trim $7 billion in costs from its annual North American operational budget of $41 billion. The cuts include health-care savings negotiated last month with the UAW. But while the UAW came to the table on health care, the union appears ready to fight GM’s across-the-board cut in manufacturing jobs. “While GM’s continued decline in market share is not the fault of workers or our communities, it is these groups that will suffer because of the actions announced today,” Gettelfinger said. Gettelfinger vowed to enforce job-security provisions that protect workers in the event of layoffs. For his part, Wagoner expressed confidence that GM can shed jobs without violating its current UAW contract. “I think this could get ugly,” said one analyst, Brad Rubin with BNP Parabis. Other industry observers said the explosive labor situation at bankrupt parts-maker Delphi Corp. complicates any UAW-GM talks going forward. With Delphi asking its UAW workers to accept sweeping plant closures and huge pay cuts, GM is highly vulnerable to the effect of a strike at Delphi, its largest parts supplier. “What we’re interested in is Delphi executing what they said they would, which is to continue to supply us,” Wagoner said. “We’re open to work with Delphi and the UAW to optimize a solution that benefits GM.” Delphi Chairman Robert S. “Steve” Miller said Monday that he is looking at GM as a possible source of buyouts for thousands of Delphi hourly workers once employed by the automaker. “Buyouts would have to be considered as part of the mix,” Miller said in an interview about any Delphi reorganization. “What we need is a financing source, and that financing source could be GM.” The threat of a strike at Delphi has hung over GM in recent weeks, causing rampant speculation that the automaker could be dragged into bankruptcy by a work stoppage at key parts plants. GM could also be on the hook for pensions and other obligations for Delphi workers that could run as high as $12 billion. The automaker also faces an ongoing federal securities investigation into how it accounted for certain supplier transactions. Wagoner acknowledged his frustration at the bankruptcy rumors, saying GM’s $19 billion cash hoard puts the company on “very sound financial footing.” However, GM would have to take a substantial charge against earnings to cover the costs of plant closures, Wagoner said. He declined to provide details, but Merrill Lynch analyst John Casesa estimated that total charges would fall between $1 billion and $2 billion. Even with the drastic cutbacks, the embattled GM chairman couldn’t promise that the automaker was finally on the road to recovery. “If we’ve learned anything in the last five years, it’s that there are no guarantees in this business,” he said. Investors, who have hammered GM’s stock price in recent weeks, were clearly skeptical of the impact of Monday’s announcement. In trading Monday on the New York Stock Exchange, GM’s shares closed at $23.58, down 47 cents. “The skeletons are starting to come out of the closet for this company,” said analyst Lache of Deutsche Bank. “The sheer proportions of GM’s problems may prove too difficult to fix.” The job cuts and plant closings don’t address GM’s declining U.S. market share. However, the specific factories targeted for shutdown illustrate GM’s weakening position in certain vehicle segments. 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