Category Archives: Economics/Finance

The next manufacturing revolution is here – Olivier Scalabre – TED Video

The next manufacturing revolution is here – Olivier Scalabre – TED Video

                      Click link above to view the video

Olivier Scalabre

Economic growth has been slowing for the past 50 years, but relief might come from an unexpected place — a new form of manufacturing that is neither what you thought it was nor where you thought it was. Industrial systems thinker Olivier Scalabre details how a fourth manufacturing revolution will produce a macroeconomic shift and boost employment, productivity and growth.

Olivier Scalabre Industrial systems thinker  – Full bio
BCG’s Olivier Scalabre analyzes the evolution of large industrial companies’ manufacturing footprint and operations.

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

The Nauru Files – Australia’s Other Stolen Generation – By Dr. Dhanpaul Narine

The Nauru Files – Australia’s Other Stolen Generation

Nauri

Australia asylum seekers on the island of Nauru

By Dr. Dhanpaul Narine

Long before Nauru, Australia had stolen Generations. During the years 1970-1970 thousands of aboriginal children were forcibly removed from their families, ‘to be placed in boys and girls homes, foster families or missions. At the age of eighteen they were released into white society mostly scarred for life by their experiences.’

Why were the children stolen? It is argued that the idea was to assimilate the aboriginal population into the white society through a process of ‘breeding out.’ The logic was to make Australian society completely white in three generations. The policy backfired and it remains a dark chapter in Australian history.   Continue reading

CARICOM – THE DEBT TRAP – commentary

THE DEBT TRAP

Opinion - commentary -analysisAug 21, 2016 Editorial, Kaieteur News

 Guyana’s small but encouraging success in its attempts to reduce the stranglehold of debt on the economy is proof that the country and its CARICOM counterparts continue to be among the most indebted countries in the world. And while none of these countries are very wealthy, based on North American and European standards, they are not overly poor either and there is hardly any starvation among their populations.

Guyana’s debt, which is approximately US$1.65billion continues to be a major impediment to economic growth and human and sustainable development. It has deprived the government of the ability to use monetary policy to promote growth and provide the path for improved lives. It has become obvious to the authorities that everything has to be done to reduce the debt, because it is economically unwise for the nation to be burdened by such a huge liability.

Continue reading

Commentary: Donald Trump is Losing it! – By Dr. Dhanpaul Narine

Commentary: Donald Trump is Losing it! – By Dr. Dhanpaul Narine

Donald Trump

Donald Trump

Whatever happens in November 2016 we will be stuck with a President that is deeply flawed. The person will either be as shallow as a reef when it comes to domestic and foreign policy or one that cannot distinguish the truth from fiction. In the case of Donald Trump he has stirred a cocktail of hate and vitriol and is allowed to get away with it. But the mood may be turning against him largely as a result of his own doing.

As far as Hillary Clinton is concerned she insists that she is telling the truth when the facts show otherwise. The fact is that over 60 percent of the electorate cannot trust Hillary Clinton but what is worrying is that she may become president with her credibility in tatters. Is this the best that a democracy of 300 million people can offer? The answer to this question will help to throw light on the current of state of politics in America and the steps that ought to be taken to restore some decency to the process.

Read more: Commentary – Donald Trump is Losing it – By Dr. Dhanpaul Narine

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

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

The Caribbean needs a full response to Brexit – By David Jessop

The Caribbean needs a full response to Brexit
Published on July 23, 2016 – By David Jessop
David Jessop

David Jessop

Earlier this month, Caribbean Community (CARICOM) heads of government met in Georgetown, Guyana. Among the many issues they considered was Britain’s decision to leave the European Union. Their focus was on a secretariat paper largely intended for information.

While they recognised the British people’s decision represented a watershed in world affairs with far-reaching and long-lasting geopolitical and geo-economic repercussions, they decided that the best approach was to monitor developments as the process unfolds. [Read more]

Five Reasons Donald Trump Will Win – by Michael Moore – Huffington Post

Five Reasons Donald Trump Will Win – by Michael Moore – Huffington Post

Michael Moore

Michael Moore

Friends:

I am sorry to be the bearer of bad news, but I gave it to you straight last summer when I told you that Donald Trump would be the Republican nominee for president. And now I have even more awful, depressing news for you: Donald J. Trump is going to win in November. This wretched, ignorant, dangerous part-time clown and full time sociopath is going to be our next president. President Trump. Go ahead and say the words, ‘cause you’ll be saying them for the next four years:“PRESIDENT TRUMP.”

Never in my life have I wanted to be proven wrong more than I do right now.  Continue reading

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