Category Archives: Economics/Finance

Clive Thomas the intellectual and activist – By Nigel Westmaas

Clive Thomas the intellectual and activist

February 23, 2015 · By Nigel Westmaas – Nigel Westmaas teaches at Hamilton College

Clive Thomas

Clive Thomas

Any attempt to analyze or summarize the vast repertoire of Clive Thomas’s work in a single article is a daunting task. For over five decades the academic and political contributions of Thomas, who retired from the University of Guyana at the end of 2014, have helped shape intellectual and economic thinking in the Caribbean and beyond. More specifically, as economist, trade unionist, and politician, Thomas has contributed immensely to the political and social landscape of his native Guyana.

In the DiasporaThe contours and impact of Thomas’s overall work; his contribution to regional thinking not only in “third world” economics but the global economy and its operations; and his forthright support of the working class and the poor and the powerless in Guyana and the region are enormous.   Continue reading

Only people power can save us! – By David Comissiong – (Barbados)

Only people power can save us!

February 16, 2015 • Stabroek News

David Comissiong

David Comissiong

By David Comissiong – (Barbados)

Virtually the entire Caribbean Community (CARICOM) region is in crisis, and at the heart of the crisis are dysfunctional and corrupt Governments. It has now become plain for all to see that the so-called “Westminster two party political system” that was conferred upon our Caribbean nations as they moved into Independence has turned out to be fundamentally flawed.

The fundamental flaw consists of the fact that the system permits the powerful institution of Government to be held hostage and used as an instrument of personal financial profiteering by venal politicians, without adequate provision being made for interventions by the citizenry to hold politicians accountable or to punish them with dismissal when their behaviour so merits. Indeed, the only intervention that the Westminster system permits is a once every five-year intervention at General Election time, and this is clearly not good enough.  Continue reading

The Trans-Atlantic Slave Trade Database – info on 35,000 slave voyages

The Trans-Atlantic Slave Trade Database has
information on more than 35,000 slave voyages


This detailed drawing of the interior of a slave ship shows how the “cargo” was arranged to maximize capacity

These voyages forcibly embarked over 12 million Africans for transport to the Americas between the sixteenth and nineteenth centuries.

It offers researchers, students and the general public a chance to rediscover the reality of one of the largest forced movements of peoples in world history.

Continue reading

Trans-Pacific Partnership Agreement – Fast-track to where? – By Rosaliene Bacchus

Originally posted on Three Worlds One Vision:

Trans-Pacific Partnership Countries with US Total Trade 2013Map of Trans-Pacific Partnership Countries
Showing Total US Trade in Goods for each Country, 2013
Source: Federation of American Scientists

The Trans-Pacific Partnership (TPP), a proposed multilateral free trade agreement between the United States and eleven other countries in Asia and the Pacific, is currently nearing the final rounds of negotiation. Some members, like Canada and Japan, still have unresolved issues. Accounting for around forty percent of global GDP, the TPP is a Big Deal. Given the lack of exposure in the national media, American businesses and the general population don’t appear to be concerned about what could become the largest regional trade block on the planet.

During his recent testimony before the House and Senate committees, US Trade Representative Michael Froman reported that the TPP is nearing the finish line. “We are not done yet but I feel confident that we are making good progress and we…

View original 368 more words

The stuff paradox: Dealing with clutter in the US


While more and more Americans struggle to make do with less due to economic hardship, others are making a conscious choice to shed their possessions.

When Courtney Carver was diagnosed with multiple sclerosis in 2006, she took a long, hard look at her life and decided to focus on only the things that were really important. And that meant reducing the amount of “stuff” cluttering her space and her time. Continue reading

Guyana Election Watch: I am merely stating the obvious …. By Dr. David Hinds

Guyana Election Watch: I am merely stating the obvious that some conveniently or tactically ignore.

Dr. David Hinds

Dr. David Hinds

By Dr. David Hinds

My letter, “After 23 years African Guyanese are being asked to vote for an Indian Guyanese Presidency,” (< click), published in the January 27 edition of the Stabroek News, has drawn varied responses from several quarters. This is to be expected. The central issue I raised in the letter has been and will continue to be the proverbial elephant in the room that most analysts, commentators and politicians tend to avoid like the plague. In such circumstances he or she who dares to raise the matter of race not in the bottom houses or in the privacy of like company, but in the open space and in a direct way, is bound to be maligned. It is a punishment I have long resigned myself to.

In this particular case I am confronting a seemingly growing mindset that has been shaped by the arrogant and heartless governance of the PPP. The PPP seems to have excited a deep feeling of popular alienation and frustration which manifests itself in a politics of expediency, “short-cut” and zero-sum horse racing, particularly among our elites.

Continue reading

The sanctions have begun… APNU applauds EU for withholding budgetary support

The sanctions have begun… APNU applauds EU for withholding budgetary support

January 25, 2015 | By - urges embassies to follow suit with other sanctions

Opposition Leader, David Granger, along with his Shadow Minister of Finance, Carl Greenidge, is elated to know that the government is finally receiving international sanctions for having prorogued the Parliament.
The European Union (EU) recently announced that it has temporarily put on hold its two latest partial payments — EURO $28.9M for Guyana’s sugar sector and EURO $14.8M for sea defences– until all eligibility criteria, including budget oversight, are “satisfactorily” addressed.

The EU made clear that it has a long standing commitment to support development and poverty reduction in Guyana.  Last year, it said that EURO $34 million was allocated to Guyana under the 11th European Development Fund. EU aid is channeled through different modalities. Budget support is one of them and Guyana is receiving the payments under this model.   Continue reading

Guyana: Capitol TV News Videos – 21 January 2015

Capitol TV News Videos – 21 January 2015

  • Granger says May 11th date for elections a blunder because of CXC exams; urges Ramotar to announce new date
  • Human Rights body wants Ramotar to come clean on the state of Parliament
  • APNU, AFC gear up for coalition talks
  • AFC warns PPP against abuse of state funds for its elections campaign
  • Bibi Shadick named UG Pro Chancellor
  • Start of new semester uncertain with workers and UG administration yet to resolve differences
  • Stellings a worry for APNU
  • Upstream Oil and Gas Policy launched
  • Industrial action at GGMC continues
  • Sports

Click links below to view the videos:-   Continue reading

Guyana: Capitol TV News – 20 January 2015

Guyana: Capitol TV News – 20 January 2015

  • Breaking News: President announces May 11 Elections.
  • GECOM says PPP satisfied with Elections preparations
  • Manufacturers hope Electricity rates drop
  • How the Government can spend until May 11th
  • AFC say CARICOM not impartial
  • UNASUR, has prioritized key infrastructure development
  • Minibus fares not going anywhere
  • No- Not again at City Hall

Click Links below to view the videos:-    Continue reading

Guyana: Capitol News Videos : 16 January 2015

Guyana: Capitol News Videos : 16 January 2015

  • APNU chides Private Sector for remaining silent on gov’t transgressions
  • Minister Benn says airport money “must” be spent, despite no approvals
  • AFC backs foreign pressure on government
  • Guyana supporting Chinese funding for bridge across Corentyne
  • Differently-abled man to be honoured
  • Sports

APNU chides Private Sector for remaining silent on gov’t transgressions

Posted: 16 Jan 2015 05:06 PM PST   Continue reading


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