Category Archives: finance and trade

The Battle for Britain – By Dr. Dhanpaul Narine

The Battle for Britain – By Dr. Dhanpaul Narine

PM Theresa May

Jeremy Corbyn

In November 1990 Margaret Thatcher resigned as Prime Minister of Great Britain. The knives were out for her months before as a result of three unpopular policies. The poll tax brought memories of a penal system of punishment and led to street riots.

The demonstrations at Trafalgar Square, and elsewhere, are still fresh in the memories of many. Secondly, Thatcher was accused of mishandling the economy; interest rates rose as well as inflation and wage increases were suppressed. In 1988, for instance, the nurses went on strike against her policies.

Read more:  The Battle for Britain -Dr. Dhanpaul Narine

Guyana: Failure to activate all IT modules aided rampant corruption, billion$ lost – GRA boss

For over ten years, officials within the Ministry of Finance had failed to implement crucial elements /modules of a computerized accounting system from Canada. This programme was intended to ensure accountability for how taxpayers’ money is budgeted and spent by the government.
It appears, however, that the Ministry of Finance was not the only agency that neglected its duty in this regard.

In fact, the Guyana Revenue Authority (GRA) failed to implement critical parts of an Information Technology (IT) system for almost a decade. The consequences of the entity’s actions in this regard only contributed to billions in revenue leakages and rampant corruption.  

New Controls Being Implemented.   Continue reading

Five Men Own Almost as Much Wealth as Half the World’s Population – commentary

It’s not a meritocracy. It’s an oligarchy. (Photo: Pixabay/CC0)

Last year it was 8 men, then down to 6, and now almost 5.

While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of 06/08/17, the world’s richest five men owned over $400 billion in wealth. Thus, on average, each man owns nearly as much as 750 million people.   [Read more]

Corporations and Western Governments Continue to Profit From Looting of Africa

Monday, June 05, 2017 – By Benjamin Dangl, Toward Freedom | Report

Africa: political map – click to enlarge

 A recent report published by a coalition of African and British social justice organizations lays bare the truth that foreign corporations and wealthy governments continue to profit from the looting of the world’s most impoverished continent.

In 2015, the year the most recent data is available, African nations received $162 billion in aid, loans, and remittances. At the same time, $203 billion was taken from these nations through resource extraction, debt payments, and illegal logging and fishing.      Continue reading

Sanders: Corbyn Surge in UK Shows World Rising Up Against Austerity, Inequality

“People in the U.K., the U.S. and elsewhere want governments that represent all the people, not just the 1%,” Sanders said

Responding to the results of the U.K. election, which commentators have already deemed a “political upset” for the ages and a stunning backfire for Prime Minister Theresa May, Sen. Bernie Sanders (I-Vt.) on Thursday congratulated Labour leader Jeremy Corbyn and the British people for “rising up against austerity and massive levels of income and wealth inequality.”

Analysis:  Immature, Impractical and Slightly Threatening – Merkel’s New Message 

Analysis:  Immature, Impractical and Slightly Threatening – Merkel’s New Message 

Even if she can’t stand Trump, German leader should have made things work

Angela Merkel

Dafna Maor | HAARETZ

German Chancellor Angela Merkel ended her trip to the Group of Seven summit disappointed. At a political event in Munich on Sunday, Merkel said, in a declaration that should shake all of us, that Germany can no longer count on its non-European allies.“The times when we could fully rely on others are to some extent over – I experienced that in the last few days,” she said at the event. “We Europeans must really take our destiny into our own hands.” The European Union needs to plan for Britain’s withdrawal, she added. “Of course, we need to have friendly relations with the U.S.A. and with the U.K. and with other neighbours, including Russia,” she said. Even so, Merkel asserted, “We have to fight for our own future ourselves.”     Continue reading

Markets and the British election — May’s mandate melts- The Economist

Markets and the British electionMay’s mandate melts

The markets are remarkably calm about polls showing that the election is narrowing

THERESA MAY, Britain’s prime minister, called a surprise election for June 8th arguing that she needed a strong mandate for negotiating Brexit. The pound rallied on the news, in the belief that a large Conservative majority would allow Mrs May the flexibility to do a deal with the EU, and see off the hard-liners among her party.

For a while, it looked as if the plan was going well. The Conservatives had a 20-point lead in some polls. But the party’s campaign, heavily reliant on the appeal of its leader and the repeated use of soundbites like “strong and stable”, has been misjudged. The manifesto launch was disastrous and included a pledge to charge the elderly (a key Tory demographic) for social care. That pledge was quickly reversed, but Mrs May’s refusal to admit to an obvious U-turn undermined her strong leadership claims.    Continue reading

Business is not bad. The businesses are moving out of Georgetown – Adam Harris

Business is not bad. The businesses are moving out of Georgetown

Adam Harris

President David Granger is bent on pursuing a programme that would ensure a good life for all. In the face of talk about unemployment there is increasing employment. It may not be recognized, but more people are working. The unfortunate thing is that people are still refusing jobs under the pretext that they do not want “that job.”

Many young people feel that they should all work in offices, even though they are not so qualified. So bent are they on getting what they want, that they do not take time to take what is available and work for what they want. Many do not even seek to enhance their qualifications. They seem stuck in what they have done.    Continue reading

Bubble bath- The end of Canada’s housing boom?

Bubble bath- The end of Canada’s housing boom?

American protectionism is not the only threat to the economy

Granger persuades UK diaspora to support Guyana’s development

Granger persuades UK diaspora to support Guyana’s development

President David Granger stated that his overwhelmingly successful engagements over the past few days in London are a clear indication that there is renewed interest and investors’ confidence in Guyana. He also said that while

President David Granger at the meeting.

there is still a lot more work to be done, the current mood of restored democracy in the country has made it an extremely attractive investment destination.

Granger said that what Guyana needs now more than ever, is a surge in entrepreneurship and for its own people to come home with their capital and technical ‘know-how’ to play their part in the local economy. He was at the time, addressing members of the diaspora at a forum in London.     Continue reading

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