Category Archives: Business

Brazil: Boa Vista: The Metropolis of the Savannahs

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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

Signs of the Coming Economic Crash – By Thom Hartmann

Signs of the Coming Economic Crash – By Thom Hartmann

Monday, 01 August 2016  – TRUTHOUT

(Photo:Paul Hohmann)

Eight years after the worst financial crisis since the Great Depression, the economy is doing much better in many important ways. We have now seen almost 80 straight months of job growth, unemployment is down below 5 percent and some numbers suggest that wages are ticking upwards, however slowly. But make no mistake: The next crash is coming. It’s not a question of “if.” It’s a question of “when.”

And that’s because the underlying cause of the 2008 crisis is still with us today — the economy is too financialized.

See more news and opinion from Thom Hartmann at Truthout here.

According to government statistics, the financial services sector of our economy — i.e. Wall Street, the big banks and all their various tentacles — only employ about 4 percent of our workforce, but now accounts for something like a quarter of all corporate profits.    Continue reading

Music around the world – Playlist (13 talks) – TED videos

Music around the world – Playlist (13 talks)

music_around_worldTake a trip around the globe and enjoy music from all corners of the Earth
Playlist (13 talks): Music around the world –

Naná Vasconcelos, Vincent Moon 
Hidden music rituals around the world    24:13
Vincent Moon travels the world with a backpack and a camera, filming astonishing music and ritual the world rarely sees — from a powerful Sufi ritual in Chechnya to an ayahuasca journey in Peru. He hopes his films can help people see their own cultures in a new way, to make young people say: “Whoa, my grandfather is as cool as Beyoncé.” Followed by a mesmerizing performance by jazz icon Naná Vasconcelos.

Continue reading

Britain’s economy: PM Theresa May’s “New Industrial Strategy”

Britain’s economy: PM Theresa May’s “New Industrial Strategy”

Theresa May

P.M. Theresa May

July 24, 2016 – The Economist

Theresa May, Britain’s prime minister, bucked political orthodoxy by elevating “industrial strategy” to the top of her new government’s agenda. She has indicated that her strategy will include raising Britain’s low productivity, pressing ahead with big infrastructure projects and scrutinising foreign takeovers. For now the policy remains somewhat inchoate, but already free-market types are worried.

Why “industrial strategy” is back?

THERESA MAY, Britain’s new prime minister, has certainly been bold, maybe even foolhardy, in some of her cabinet appointments. But she has been equally bold in elevating “industrial strategy” to the top of her new government’s agenda—a move that could mark a clear break with her predecessor’s governments.   Continue reading

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