Category Archives: Business

China’s Most Ambitious Megaproject – One Belt, One Road (OBOR) – By Visual Capitalist

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 By   Visual Capitalist

Costing between $4-8 trillion and affecting 65 countries, China’s ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects.

By the time of it’s estimated completion in 2049, OBOR will stretch from the edge of East Asia all the way to East Africa and Central Europe, and it will impact a lengthy list of countries that account for 62% of the world’s population and 40% of its economic output.

Today’s infographic from Raconteur helps visualize the initiative’s tremendous size, scale, and potential impact on Asian infrastructure.

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USA: Opioids overdose deaths … a manufactured tragedy – By Mohamed Hamaludin

Opioids overdose deaths a manufactured tragedy that has ensnared minorities and babies

— By MOHAMED HAMALUDIN

Within about 20 years, more than 76 billion opioid pills or painkillers were sold in just six years in the U.S., manufacturers and distributors made billions of dollars – and at least 400,000 people died from overdosing.

The nearest comparable crisis is the havoc wreaked by tobacco. And, just as cigarette manufacturers lied about the health risks of their products while aggressively marketing them, so too opioids makers are accused of spreading misleading information about their drugs. Tobacco companies agreed to a $246 billion settlement and opioids manufacturers are paying out hundreds of millions of dollars – to begin with – to settle lawsuits    Continue reading

Discount Domination: Dollar Stores are Thriving in America – Visual Capitalist

– in Visual  Capitalist

The retail landscape is in a constant state of flux.

E-commerce is indisputably disrupting almost every imaginable aspect of retail, creating what has been coined as the “retail apocalypse”. As a result, certain segments of the market have had well publicized meltdowns – electronics and apparel, in particular – and the U.S. now has far more retail floor space available than any other nation.

That said, there is one type of store that’s thriving in this unpredictable landscape – dollar stores.

Today, we examine data from the Institute of Local Self-Reliance, which puts the scale of the United States’ dollar store boom into perspective.

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Middle East: Saudi oil attacks push prices up by highest price surge since 1988

Price of Brent crude surges by more than $12 a barrel as 5% of world’s oil supply is wiped out

Saudi Oil Attack

The Saudi oil attacks have triggered the steepest crude market price surge in 30 years and stoked fears for the global economy.

The attacks on Saudi Arabia’s oil infrastructure led to the biggest jump in global prices since 1988 by wiping out 5.7m barrels of production a day – 5% of the world’s oil supply.

The price of Brent crude surged by more than $12 (£9.60) a barrel within seconds as trading began in London, quickly climbing to highs of $70.88 – a rise of more than 19% – before settling lower in a day of record-breaking oil trading. By Monday evening oil was trading at nearly $69, up 15% on the day.                Continue reading

Guyana: Oil Exploration: ExxonMobil makes another oil strike 

By Guyana Chronicle – 

…this time at Tripletail-1 well offshore Guyana

Director, Department of Energy, Dr. Mark Bynoe, today, announced that ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This well was being drilled by the Tom Madden drillship.

This discovery adds to the previously announced 13 wells with an estimated recoverable resource of more than six billion oil-equivalent barrels on the Stabroek Block.          Continue reading

Guyana: Oil Exploration: Tullow makes its second oil discovery

By Staff Reporter –  

….. discovers oil in Joe-1 well

UK- based oil company, Tullow, on Monday September 16, 2019  announced that it has made its second oil discovery offshore Guyana.

Director, Department of Energy, Dr. Mark Bynoe, today, announced that UK-based Tullow Oil plc’s (Tullow) Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin, the Ministry of the Presidency said.

This is second discovery of oil in two different wells operated by Tullow, in less than six weeks.        Continue reading

Guyana Politics: I Stand with the Poor: A New Coalition Government must uplift them – Dr. David Hinds

 

This compartmentalisation has worked against a holistic discourse which in turn inhibits an overarching vision. It occurs both at the level of those who seek to influence government and those who actually govern. It is not that I am against single-issue advocacy, but what is lacking is the linkages between and among those issues—a relationship between the tree and the forest.            Continue reading

A Brief History of Bullshit: Why We Have Learned to Ignore Truth – by Eva Illouz | Haaretz

Lies no longer draw backlash or punishment. But truth remains the strongest weapon against the world of alternative facts propagated by Trump and Netanyahu

  Eva Illouz | Haaretz

If lying has become a widespread practice in public life, it is because it has gone unpunished, and more disturbingly, because it often seems to bear ripe and colorful fruits. It is enough for Benjamin Netanyahu to say that Mufti Haj Amin al-Husseini engineered the Holocaust, or that Benny Gantz is a security risk to Israel to suddenly create doubt in the mind of the citizen, a doubt which in turn changes reality.

This is a unique historical moment, one that seems to reverse the most fundamental tenets of the Enlightenment, about the moral and political centrality of truth. Hence the question posed here:                 Continue reading

New Jersey court refuses new trial for Guyanese cash jet pilot Khamraj Lall

 Khamraj Lall

In October 2018, Lall was convicted on several charges ranging from cocaine distribution to money laundering.
Lall was found guilty of conspiracy to distribute cocaine, money laundering, structuring monetary instruments, and conspiracy to commit money laundering and structuring, U.S. Attorney Craig Carpenito announced on September 14, 2019.  Continue reading

Guyana Politics: Liberty & Justice Party: Leader Lenox Shuman Shares Ideas from LJP Manifesto – Video

Guyana Politics:

LIBERTY & JUSTICE PARTY’S LENOX SHUMAN SHARES IDEAS FROM LJP’S MANIFESTO

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