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群狼谷信息网

Teen died by drowning – PM report

first_imgResort tragedy…incise wound on neckA post-mortem examination conducted on the body of 18-year-old Ronaldo Gomes has confirmed that his death resulted from his being struck by a boat last weekend while swimming at a resort on the Linden-Soesdyke Highway.Conducted by State Pathologist Dr Nehaul Singh on Wednesday morning, the autopsy found that the teenager died as a result of asphyxiation and incise wound to the neck. Gomes’s body – hands and neck – bore marks that are consistent with injuries caused by the propeller of an outboard engine.Based on the findings of the autopsy, it was determined that the impact of the boat had caused the teenager to lose consciousness, and he subsequently drowned.The lifeless body of Gomes, called “Naldo,” of Norton Street Wortmanville,Dead: Ronaldo GomesGeorgetown, was pulled from the black water at a private resort almost two hours after he had gone missing. Thereafter, it was discovered that the teen’s face was disfigured, and upon enquiring, relatives were told that he had come into contact with a jet-ski earlier in the day.Although that had been the case, the rider of the jet-ski had not reported the incident. It was not until a search had been launched for the teen that someone reportedly told personnel at the resort that the teen had come into contact with one of the jet-skis.Guyana Times understands that the teenager’s body was recovered at the same spot where he had been struck by the jet-ski.The late teenager’s mother, Paula Williams, had called for a thorough investigation into the circumstances surrounding the tragic death of the former student of both the Business School and School of the Nations.“If you are in a boat driving, and it hits even a coconut shell, the driver will know he hit something… What is more worrying too, is the fact that when an alarm was raised that my son was missing, there were no life guards and workers of the resort present to help look for him,” the aggrieved mother told Guyana Times earlier this week.However, after the post mortem had been conducted, relatives were told by the Police that any step forward would have to be via private actions.“They said if we want (to) go ahead, we can take legal action against [the resort],” a cousin said. The family is adamant that they will not let the matter go until they get justice for the teenager.last_img read more

Auto loans next mortgage-crisis victim?

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre Subprime mortgages are home loans to borrowers with tainted credit histories. Such loans caused credit markets to seize up in August on concerns about plunging home prices and missed mortgage payments. Nearly 2.3million subprime mortgages are projected to reset at higher rates, and correspondingly higher monthly payments, through the end of next year. Many fear that those loans will result in foreclosures that will drag down property values. With the housing market continuing to sink, investors are bracing for more write-downs at financial institutions, which have already written down tens of billions of dollars this year. This month, major banks including Citigroup Inc., Merrill Lynch & Co and Morgan Stanley have revealed massive losses on investments linked to the U.S. mortgage market. John Casesa, managing partner for the Casesa Shapiro Group, an auto-industry financial-advisory firm, said there’s no question the mortgage woes will spill into car and truck financing. “The only question is how big a worry it is,” he said. If the spillover continues, it could further drive down auto sales, Casesa said, because as adjustable-rate mortgages go higher, there will be less liquidity available to buy cars and other big-ticket items. Loan delinquencies could also result in tighter credit by the auto companies’ financial units, Johnson wrote.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! DETROIT – Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime-mortgage troubles could spill into the automotive-finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto-loan-backed securities sold by Ford Motor Credit Co. and GMAC Financial Services showed some higher delinquency rates for October and September compared with recent years. “As unemployment remains low, this deterioration in the auto ABS credit conditions may be evidence of a likely spill over of the mortgage woes onto the auto credit world,” Johnson wrote. Spokeswomen for both Ford Motor Credit and GMAC said they experienced slight increases in delinquencies in the third quarter, but those were unrelated to the subprime-mortgage problems. last_img read more