Category Archives: Business

Brexit Armageddon was a terrifying vision – it hasn’t happened yet – 2 articles

Brexit Armageddon was a terrifying vision – but it simply hasn’t happened

By Larry Elliott – The Guardian.

BREXIT - Britain and EuropeProject Fear predicted economic meltdown if Britain voted leave, so where are the devastated high streets, job losses and crashing markets?

Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession.

Remember all that? It was hard to avoid the doom and gloom, not just in the weeks leading up to the referendum, but in those immediately after it. Many of those who voted remain comforted themselves with the certain knowledge that those who had voted for Brexit would suffer a bad case of buyer’s remorse.   Continue reading

Caribbean Life News Update – 26 August 2016

Caribbean Life

Where were you in 1991? Reporter Alexandra Simon visits the Crown Heights riots of 1991

Festival marks Crown Heights riot

BY ALEXANDRA SIMON

Hundreds of people turned out for a controver­sial festival commemora­ting the Crown Heights riot on Aug. 21, despite some slamming as a distastef­ul way to mark such a dark period in the neighborh­ood’s history.

Almost last hurrah for SVG consul general

BY NELSON A. KING

The Organizin­g Committee of the Brooklyn-­based Vincy Day USA last Saturday gave New York Consul General Selmon Walters his penultima­te last hurrah with a send-off plaque.   Continue reading

Guyana’s Natural Resources: Zero Tolerance for Vaitarna and Bai Shan Lin – xpressblogg.com

Guyana- loggingOpinion - commentary -analysisThe sudden decision by China to provide aid to Guyana was hardly puzzling.

We knew that another principle of distributive justice was at work; one that was not formally articulated, perhaps deliberately muted because of the disparate goals of the parties at the deal table.

The world was already watching on at the not so subtle creep of China into the Caribbean and surrounding countries that shared the same dependency on foreign aid because the choices of their post colonial leaders – selfish governance, greed, corruption – led to economic underdevelopment and stagnation that left these countries sitting on potential they were unable to develop.

India, its equally insidious partner, was hot on its heels and did not go unnoticed, either.    Continue reading

Brazil: Boa Vista: The Metropolis of the Savannahs

map-of-Guyana

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Brazil: Boa Vista: The Metropolis of the Savannahs

Aug 21, 2016 Kaieteur News – By Nicholas Peters

Under the cloudless midday sky, the green shrubs and red loam of the savannah

The skyline of Boa Vista city

The skyline of Boa Vista city

sped past the vehicle, every metre leaving the Kanuku Mountains further and further behind, a ghostly blue in the distance.
This was my view on the first leg of my journey from Guyana’s border to Brazil’s northernmost metropolitan centre. And for most Guyanese, this is what it is like going to the city of Boa Vista.

Boa Vista is the capital and largest city of the State of Roraima – the northernmost state in Brazil. It is no more than an hour and a half away from the Guyanese border town of Lethem to the Brazilian city on the BR-401 Highway.    Continue reading

Guyana 411 – August 20, 2016 – The Fisheries Sector in Guyana’s Economy

GINA logoGuyana 411 – August 20, 2016 – The Fisheries Sector in Guyana’s Economy

Guyana awaits oil dollars – By Bert Wilkinson

GUYANA AWAITS OIL DOLLARS

By Bert Wilkinson – Caribbean Life – August 19, 2016

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Exxon-Mobil- Deep Water Champion Oil Exploration Rig

Last week, Guyana’s main opposition party accused government of doing very little to get key infrastructural projects going and spur employment, suggesting that the administration is hedging all its bets on the massive oil and gas find off the coast.

This is despite the fact that U.S.-owned Exxon Mobil which first declared that it had found a humongous oil well at a location 150 miles offshore, will not likely pump the first barrel of oil before 2020.

As the days went by government has not done very much by way of answering the opposition charges but a chat with anyone connected with the country’s newest cash cow sector will realize there are frenetic preparations in the run up to 2020.   Continue reading

Cuba – A momentary darkness? – By David Jessop

Cuba – A momentary darkness?

Opinion - commentary -analysisPublished on August 6, 2016  – By David Jessop

David Jessop

David Jessop

As has been widely reported, Cuba has entered a new period of austerity.
On July 8, President Castro told the Cuban National Assembly that Cuban economic growth had slowed to 1 percent in the first half of 2016 compared with 4.7 percent over the same period in 2015.The country must, he said, rapidly cut its spending and energy use in order to address a lack of liquidity as a result of lower than projected income from exports of services and goods, and reduced oil imports from Venezuela.

In doing so he acknowledged “rumours and forecasts of an imminent collapse of our economy” but sought to reassure Cubans that there was no danger of a return to the severe austerity of the 1990s following the collapse of the former Socialist bloc.   Continue reading

Caribbean: A Ferry Between the Islands? Two to Set Sail Soon

Ferry Between the Islands? Two Soon to Set Sail

  AUGUST 4, 2016

ferryTHE DREAM JET EXPRESS IS ONE OF TWO FERRIES THAT THE CARIBBEAN FERRY SERVICE SAYS SHOULD BE ON THE SEAS BY YEAR-END. (PHOTO CREDIT: NATIONNEWS.COM)

BRIDGETOWN, Barbados, Thursday August 4, 2016 – A long-awaited passenger ferry service linking some islands of the Caribbean could be setting sail by year-end. But wait, it may not be the only one.

While the Barbados-registered Caribbean Ferry Service is in the process of finalizing paperwork to operate two vessels, another effort is being made to get a double decker ferry with a capacity of 350 to travel within the southern Caribbean.

According to the Nation newspaper in Barbados, Caribbean Ferry Service will operate The Dream Jet Express and The Opal Jet Express, for travel and cargo.   Continue reading

Splendid Collection of 378 Photos of Guyana – By Deborah Strott

Deborah Strott: 378 Photos of Guyana – slideshow  < Click

Stabroek Market Georgetown

Stabroek Market, Georgetown, Guyana. South America

What the Democrats Don’t Get …And Why It Could Cost Them the Election

What the Democrats Don’t Get (And Why It Could Cost Them the Election)
by John Atcheson –  August 02, 2016 by Common Dreams

Maybe the Democratic Party convention looked like a smashing success. But was it? (Photo: Saul Loeb/AFP/Getty Images)

If you’re a Democrat, you probably think the Democratic Convention was a big success.  Not only did they silence the Bernie die-hards, but they dispatched some serious heavy artillery on Trump by calling out his fear mongering and his megalomanic, “Only I can fix it.”

And, yes, the first post-convention polling suggests Hillary got a bump from the convention, and Trump continues to be an idiot. But so far, Democrats have failed to confront the two issues they most need to address, and unless they do, that bump will disappear and it’s likely to cost them the election.

The first issue they neglected is the very real fear and anger most voters are feeling, and the second is the deep distrust the vast majority of voters have for Hillary.   Continue reading

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