Daily Archives: 03/31/2022

GUYANA: Foreign companies already manipulating local content laws – PSC Executive

Ramesh Dookhoo

By Kurt Campbell – NewsRoom- Guyana

Chairman of the Trade and Investment Committee of Guyana’s Private Sector Commission (PSC) Ramesh Dookhoo on Tuesday said that some foreign companies have begun manipulating systems put in place to ensure Guyanese benefit from oil proceeds under the new Local Content Act.

Dookhoo, while speaking at a luncheon hosted by the Guyana Manufacturing and Services Association (GMSA), said “already we are seeing foreign companies making staff members shareholders in the company and doing other manipulative things to qualify for the local content register.”

The Local Content Act is very specific on who a Guyanese is and what constitutes a local company. Once qualified, citizens and local companies can find themselves on a register with specific benefits guaranteed.           Continue reading

RUSSIA-UKRAINE War: It Is Called Suing For Peace  – By Lucian K. Truscott IV  

By Lucian K. Truscott IV

Pretty much all you need to know is that you don’t sue for peace when you’re winning.  You do it when you’re getting your ass kicked and you want to slither out of trouble without having to sign an unconditional surrender.  Kind of like the Russian position took today in its talks with Ukraine in Turkey.  We’re going to pull back from Kyiv, and let’s talk about a ceasefire, and by the way, our president is willing to meet with your president whenever we get a deal on the table.

It was right there on the faces of the guys who drew the short straw and were sent out for a press availability when the talks had concluded.  Call it fear or dread or discomfort or rank humiliation, whatever it is, those two had it.  One guy looked like he was headed back to his hotel room to look up Orbitz for flights out of Istanbul on any airline but Aeroflot, the other guy looked like somebody had been beating on him with a two by four.  Something had happened over the last 24 to 48 hours to the Russian delegation and it wasn’t good.            Continue reading

UKRAINE WAR: World Economy: A ‘bone-crushing recession’ is forecasted – Opinion

Wall Street’s top investors warn that the war in Ukraine will provoke widespread economic chaos

BUSINESS INSIDER: By Linette Lopez – March 27, 2022

If you thought the stock market’s sell-off to start the year was ugly, get ready: Wall Street’s most elite investors are bracing for an even deeper market shock as the war in Ukraine drags on.

In my conversations with some of the top minds in finance, many of whom talked to me on the condition of anonymity to speak candidly about where the market is headed, a consensus emerged: Russia’s invasion of Ukraine has kicked their predictions for a stock-market “washout” into hyperdrive. The murky global economic picture, clouded by supply-driven inflation pressures, is now even more complex and uncertain. And the shifts that turned some of the market’s high-flying winners into losers are only becoming more pronounced.        Continue reading

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