Category Archives: Economics/Finance

Guyana Revenue Authority seizes $$$millions in smuggled goods

GRA seizes boats with $$$millions in contraband

The Law Enforcement and Investigation Division (LEID) of the Guyana Revenue Authority (GRA) recently seized millions of dollars worth of smuggled beverages on two trawlers which were making their way from Trinidad and Tobago.

Some of the beverages seized by GRA’s Law Enforcement and Investigation Division.The seizure was made in Guyana.    

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Tax avoidance: Paradise Papers leak reveals secrets of the world elite’s hidden wealth

 – Paradise Papers leak reveals secrets of the world elite’s hidden wealth

The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires.

The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.

The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.

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Trump’s Silk Road: N.Korea nuclear threat expected to dominate first Asia tour – video

Trump’s Silk Road: N.Korea nuclear threat expected to dominate US leader first Asia tour

RT- Published on Nov 6, 2017

Venezuela’s opposition is on the verge of collapse – By Marco Aponte-Moreno

Venezuela’s opposition is on the verge of collapse – By Marco Aponte-Moreno

It’s been a bittersweet couple of weeks for the Venezuelan opposition, which for six months this year staged daily protests against the authoritarian-leaning regime of president Nicolás Maduro.

On Oct. 26, the alliance – which began working together in 2008 to counterbalance Hugo Chávez’s “Chavista” regime – was given the Sakharov Prize, one of the world’s most prestigious human rights awards.

“Today we are supporting a nation’s freedom to struggle,” said Antonio Tajani, president of European Parliament, in bestowing the honor upon the more than two dozen parties that comprise Venezuela’s Democratic Unity Roundtable.

However, the award came just after the opposition had been handed a stunning defeat in Venezuela’s Oct. 15 regional elections. Despite a 75 percent approval rating, its candidates won just five of 23 state governorships.    READ MORE

Why Puerto Rico ‘doesn’t count’ to the US government – Jay L. Zagorsky

Why Puerto Rico ‘doesn’t count’ to the US government – 

Hurricanes Irma and Maria devastated Puerto Rico in September, destroying homes, crops and communications. Many weeks later, power has been restored to fewer than 20 percent of homes. A third of the population still lacks reliable drinking water.

I am an economist and have followed the hurricanes’ impact with great interest because my sister lives in Puerto Rico. She was off the island and preparing to fly back when Irma hit. Her friends in Puerto Rico all tell her the same message: “Don’t come back now.”

I began wondering: If the damage is that great, how much will overall U.S. gross domestic product, unemployment and inflation be affected by the devastation in Puerto Rico?     READ MORE

What is really needed to make tourism a success in Guyana? – THAG President weighs in

NOVEMBER is TOURISM MONTH in GUYANA

What is really needed to make tourism a success in Guyana? – THAG President weighs in

THAG Head, Shaun McGrath

What prevents Guyana from achieving the same level of success in the tourism industry as its Caribbean counterparts? Is it really the absence of blue seas and white sand beaches? Is it the high crime rate and poor hospitality services? Or is the problem, way more complex than it appears on the surface?

President of the Tourism and Hospitality Association of Guyana (THAG) Shaun McGrath recently weighed in on this issue during an informative session at the inaugural business summit of the Georgetown Chamber of Commerce and Industry (GCCI).

According to McGrath, there is national recognition that tourism contributes between six and nine percent to the Gross Domestic Product (GDP) and brings in a minimum of US $250 million in foreign currency every year.     Continue reading

How we will earn money in the future without jobs – Martin Ford TED video

How we will earn money in the future without jobs – Martin Ford  TED video

Machines that can think, learn and adapt are coming — and that could mean that we humans will end up with significant unemployment. What should we do about it? In a straightforward talk about a controversial idea, futurist Martin Ford makes the case for separating income from traditional work and instituting a universal basic income.

Martin Ford · Futurist

Martin Ford imagines what the accelerating progress in robotics and artificial intelligence may mean for the economy, job market and society of the future.

Read more: https://www.ted.com/talks/martin_ford_how_we_ll_earn_money_in future_

Millennial Americans are still company men and women – The Economist

Millennial Americans are still company men and women

They are just as loyal to their employers as previous generations were

by

New Tsunamis Emerging NOW! – Martin D. Weiss, Ph.D. | Weiss Research

New Tsunamis Emerging NOW!

Martin D. Weiss, Ph.D. | Weiss Research

I first lived in Japan back in 1979.

The economy was five times larger than China’s. Its population was young and vibrant. Its government debt was less than 50% of GDP.

Now, when I go to Japan, I see an entirely different country. Its economy is less than one-half the size of China’s. Its population is the oldest in the world. Its debt, at 250% of GDP, is five times worse. And Prime Minister Abe’s victory in a spot election this weekend has given him the mandate to borrow-and-spend even more.

Each problem compounds the other in a vicious triangle:     Continue reading

Are you ready for corporate America’s robot economy? – By Jim Hightower

Are you ready for corporate America’s robot economy?

Robots are not our enemy – the corporate bosses, bankers and BSers who own robots are the ones doing this to us.

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