Category Archives: Economics/Finance

America’s refugee crisis – commentary

The surge from Central America

The child-refugee surge from Central America

America’s refugee crisis


US immigration, legal and otherwise, has always been a barometer of the projected hopes of America’s poorer, less stable southern neighbours. After the 2008 financial crisis immigration to the US – more than half of it originating in Latin America and the Caribbean (up from one-fifth in 1970) – dipped noticeably. Since then “comprehensive immigration reform”, a subject no less divisive than Obamacare, has been a common talking point for both parties, as have debates over such niceties as whether “anchor baby” should be a pejorative term, or “touch-back” remigration required from illegal aliens seeking to regularize their status. Continue reading

CIMBUX: 1st Economic Development Seminar – June 29, 2014



Attendees at CIMBUX Economic Development Meeting

Attendees at CIMBUX Economic Development Seminar

On Sunday June 29th, 2014 Cimbux Inc. {Committee for the Improvement of Buxton Inc.) held its 1st “Economic Development Conference” at the Friendship Primary School, Friendship Village, East Coast Demerara, Guyana. The theme was “Reviving Buxton/ Friendship Village Economy” and fostering sustainable development for Vigilance, Annandale, and the surrounding villages.

The seminar was sponsored based on the decline in the Social and Economic conditions in the villages over the years. It was coordinated by Mr. Keith Easton- Vice President, of Cimbux Inc. of the U.S.A, and Guyana’s, Mr. Deon Abrams, Educator, Community Activist, and TV host, along with Assistant Co-ordinator, Ms. Yvette Herod, Community Activist and Founder of Toucan 11 Multipurpose club in Buxton. Both persons are honorees of Cimbux Inc. Continue reading

BRICS countries establish alternate funds to rival the IMF

Emerging BRICS powerhouse agrees to establish US$50B bank, US$100B crisis fund

JULY 17, 2014 | BY  |  Fortaleza, Brazil – The BRICS group of emerging powers met on Wednesday with South American presidents as they justified the creation of a development bank, seen as an alternative to Western-dominated global financial organizations.

The leaders of Brazil, Russia, India, China and South Africa (BRICS) held closed-door talks in Brasilia with counterparts from Argentina, Chile, Colombia, Ecuador, Venezuela and other Latin American nations.

President Donald Ramotar (3rd back) with leaders who attended the meetings in Brazil.

President Donald Ramotar (3rd back) with leaders who attended the meetings in Brazil.

Continue reading

Twenty-First-Century Energy Wars – commentary

energy warsTwenty-First-Century Energy Wars

By Michael Klare

Iraq, Syria, Nigeria, South Sudan, Ukraine, the East and South China Seas: wherever you look, the world is aflame with new or intensifying conflicts.

At first glance, these upheavals appear to be independent events, driven by their own unique and idiosyncratic circumstances.  But look more closely and they share several key characteristics — notably, a witch’s brew of ethnic, religious, and national antagonisms that have been stirred to the boiling point by a fixation on energy.

In each of these conflicts, the fighting is driven in large part by the eruption of long-standing historic antagonisms among neighboring (often intermingled) tribes, sects, and peoples.  In Iraq and Syria, it is a clash among Sunnis, Shiites, Kurds, Turkmen, and others; in Nigeria, among Muslims, Christians, and assorted tribal groupings; in South Sudan, between the Dinka and Nuer; in Ukraine, between Ukrainian loyalists and Russian-speakers aligned with Moscow; in the East and South China Sea, among the Chinese, Japanese, Vietnamese, Filipinos, and others.  Continue reading

GCA New York – Online Magazine – May 2014


GCA - May 2014

Capitol News – TV Reports – May 29, 2014

Capitol News – TV Reports – May 29, 2014

  • CFATF ramps up warning against Guyana on money laundering
  • Call for local businessmen to attend Americas Competitiveness Forum
  • Search for kidnapped baby enters day 5
  • Guyana US / continue to collaborate on drug trafficking
  • CDB resists comment on ads placement
  • AFC ready to restore UG funds
  • Sports
CFATF ramps up warning against Guyana on money launderingPosted: 29 May 2014 03:09 PM PDT

The Caribbean Financial Action Task Force has urged its members to adopt counter measures after a latest review found this country to be at risk to the international financial system At its just concluded meeting in Miami, Florida, the Caribbean Financial Action Task Force, called CFATF, once more cited Guyana for failing to rectify certain […]  Continue reading

Why Is America in Decline? Chris Hedges on the U.S. Empire – video

Why Is America in Decline? Chris Hedges on the U.S. Empire – video 

Published on Jul 1, 2013

Death of the Liberal Class is a non-fiction book by American author and journalist Chris Hedges published in October 2010 by Nation Books. It falls into the literary genre of the jeremiad, which has a long tradition in the United States. According to Hedges, it is a book that chronicles the destruction of populist and radical movements within society, particularly in the United States.[1]

Since these movements are the principal force by which democratic societies “open up”, Death of the Liberal Class argues that social movements, which provided “all the true correctives to American democracy”, have been undercut by corporate co-opting of the traditional liberal forces of the USA, notably the labor unions, press, churches, universities and the Democratic Party. The “liberal class” consists of the people who fill the ranks of these institutions, ie., journalists, clergy, teachers, and politicians.   Continue reading

Brazil strikes dampen World Cup optimism – commentary

Brazil World Cup Poster 2014

Brazil World Cup Poster 2014

Brazil strikes dampen World Cup optimism

Weeks away from the start of the World Cup, strikes and protests in Brazil have raised concerns over security during the tournament, and renewed public doubts about the wisdom of spending an estimated US$11 billion (including $4 billion on 12 new and renovated stadiums) on a event that will add, according to most economists, no more than 0.2 percentage points to the economy.

Earlier this week civil police forces in 17 states, including São Paulo, halted most activities to protest for better salaries and stricter laws. The head of the union told reporters that policemen were “tired of seeing criminals walk free three or four days after we arrest them.” The shutdown led to looting in several parts of the city – eventually quelled through the deployment of the national guard and army troops. Widespread strikes by bus companies, for similar grievances, resulted in mayhem on public transit networks as some 300,000 affected commuters struggled to find alternative transport. Earlier in the week, there were also strikes by teachers.    Continue reading

Africa: Beware of China’s $$$ – NYT commentary

Beware of China’s $$$ – NYT commentary

MAY 23, 2014 | BY  | By Howard W. French
Africa: political map

Africa: political map

“The problem (though not limited to China) is relying on shady arrangements made at the very top of the political system, often in the president’s office itself. Contracts are greased with monetary bribes and other enticements like expense-paid shopping trips to China and scholarships there for elite children.”

(Taken from the New York Times)

NAIROBI, Kenya — For nearly a decade, as China made a historic push for business opportunities and expanded influence in Africa, most of the continent’s leaders were so thrilled at having a deep-pocketed partner willing to make big investments and start huge new projects that they rarely paused to consider whether they were getting a sound deal.     Continue reading

The 1836 British Guiana Bank now Republic Bank Ltd




By Dmitri Allicock

The history of commercial banking in Guyana originated in 1836 when British Guiana opened on November 11, in the capital city of Georgetown, the British Guiana Bank, a journey spanning 178 years of service with local ownership to foreign ownership then, full circle, to local ownership again. It was the first commercial bank owned by the private sector to start business in the colony of British Guiana, which had recently consolidated, in 1831, the three colonies of Essequibo, Berbice and Demerara into one entity.   Continue reading


Get every new post delivered to your Inbox.

Join 1,793 other followers

%d bloggers like this: