Category Archives: Economics/Finance

World Economics: The Greatest Financial Train Wreck the World Has Ever Seen – Bill Bonner’s Diary

Bill Bonner’s Diary

BALTIMORE — Last week, stocks finished at an all-time high. But guess what? In terms of real money — gold-linked, pre-1971 dollars — stocks have been losing ground since the start of the millennium.

We are looking at one of the most remarkable episodes in financial history. Investors think they are making money… when they’re actually getting poorer.

Donald J. Trump tells the international Deep Staters at Davos that the U.S. economy is “spectacular”, but most of its countries have never recovered from the crisis of ’08-’09.

What a jolly time to be alive… to be conscious… with a few dollars saved up and a sense of humor. And coming up… a financial Demolition Derby on a global scale…              Continue reading

Guyana: Power Generation: Giftland to supply GPL with 4.5 megawatts of power

– Power Purchasing Agreement finally signed

The state owned Guyana Power and Light Inc. has finally sealed the deal with Giftland Mall to supplement more than four mega watt (Mw) of power to the grid after almost two years of back and forth.

This disclosure was made by the Public Infrastructure Minister, David Patterson, yesterday on the sidelines of an event.

According to Minister Patterson, “the Power Purchase Agreement has been signed…The technical modalities have been worked out and I think very shortly the licence will be granted.”

“Giftland will be supplying about four megawatts into the power grid to augment what GPL has at the moment,” Patterson added.      Continue reading

US Secretary of State, Michael Pompeo Urges Caribbean To Be Wary Of Chinese Investments

— As Washington Seeks Closer Relations

US State Secretary Urges Caribbean To Be Wary Of Chinese Investments As Washington Seeks Closer RelationsPHOTO: United States Secretary of State, Michael Pompeo, addressing a policy discussion session on US-Caribbean relations on Wednesday (January 22) at The Jamaica Pegasus in New Kingston, Jamaica. The meeting formed part of Pompeo’s two-day working visit to the island. Photo credit: Dave Reid And Adrian Walker/JIS.

KINGSTON, Jamaica, January 24, 2020 (CMC) – The United States, on Wednesday, urged Caribbean countries to be wary of accepting “easy money from countries, like China”, as Washington sought to improve its decades-old relationship with the region.

US Secretary of State, Michael Pompeo, addressing a policy discussion on “US Caribbean Relations”, acknowledged that the North American giant had been absent from the Caribbean for a long period.      Continue reading

EGovernment, A Step Towards A More Citizen-Centred Caribbean | By David Jessop

By David Jessop :Sunday | January 19, 2020 | Jamaica Gleaner

SLOW, BUREAUCRATIC AND UNPREDICTABLE SERVICE

Politicians love to promise a better and brighter future. They tend to say little about the day to day experience their citizens have of the services they provide.

In the Caribbean as in other parts of the world what most individuals want from government is the rapid and efficient delivery of everyday resources, if policies and regulations are to mean anything at all.

This applies equally to social services, whether in relation to schools, hospitals or pensions, the supply of utilities, or to matters as normal as renewing a driver’s licence or registering a birth or death. Citizens everywhere want such basic transactions to be straightforward, quick and predictable. They hope their fellow citizens who work for them in the public sector have the ability and tools to deliver what has been promised in modern and efficient way.            Continue reading

Is Toronto’s Housing Market Too Big To Fail? – By Natalka Falcomer | REM + Video

By Natalka Falcomer | REM – Real Estate Magazine

Stories about Toronto’s booming real estate market dominated the headlines of 2019.

Here is hoping that stories about investing in Toronto’s infrastructure dominate the headlines of 2020.

If not, we may end up in the unenviable position of New York City where crumbling infrastructure has led to an increase in taxes, which has led to a flight of jobs, followed by a flight of talent and followed by both a real estate market decline and higher rent rates.

The Greater Toronto Area came second to Dallas-Fort Worth-Arlington as the metropolitan area with North America’s fastest-growing populations.              Continue reading

Food, Migration, and Diversity: Short Story: Call for Papers – June 24-27. 2020

Food, Migration, and Diversity

The Many Flavors of the Short Story

24 – 27 June 2020 – University of Calabria, Rende, ITALY.

CALL FOR PAPERS – Deadline extended: February 1st 2020

The 16th International Conference on the Short Story in English will take place from June 24-27, 2020 at the University of Calabria, Rende, Italy with the theme: “Food, Migration, Diversity: The Many Flavors of the Short Story.

In This Land Is Our Land: An Immigrant’s Manifesto (2019), Suketu Mehta states that wherever there are immigrants, there are stories to give voice to their feelings of displacement and belonging through memory and acts of resilience. Their lives are indeed floating narratives that become a powerful symbol of the fluidity and vulnerability of our contemporary world.            Continue reading

Economics: IMF boss says global economy risks return of Great Depression

Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gap

Kristalina Georgieva
 Speaking in Washington, Kristalina Georgieva singled out the UK for its growing inequality gap. Photograph: Jim Watson/AFP via Getty Images

The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.

Speaking at the Peterson Institute of International Economics in Washington, Kristalina Georgieva said new IMF research, which compares the current economy to the “roaring 1920s” that culminated in the great market crash of 1929, revealed that a similar trend was already under way.            Continue reading

Guyana: Airport Expansion: Quality checks delay CJIA handover

Cheddi Jagan International Airport (CJIA)

The Cheddi Jagan International Airport (CJIA) project is on its way to be finally handed over. According to Minister within the Ministry of Public Infrastructure (MOPI), Jaipaul Sharma, the project is 93% completed and is expected to be handed over to the airport authorities by the first quarter of this year.

The sod was turned for the airport in early 2013 but the US$150M project has been dogged by one problem after the next. It was first scheduled to be handed over in late 2015.
The completion date has been pushed back several times since then.          Continue reading

Opinion: Ensuring Progress is made in the Start of a New Decade – By Yvonne Sam

— By Yvonne Sam

Readers forgive me if I fail to reflect any change in my approach now that 2020 has arrived.  In fact, in the name of progress and enlightenment I have resolved to be even more brutally honest. Of late, for some strange reason it has become apparent that when Blacks climb to a position of power it seems as if they are afraid to help their own people.

Instead they sometimes display a willingness in part to help destroy us. Get it straight, I am not talking about the typical phrase, “I’m going to help you get a job.” I am strictly talking about the lack of a pure willingness to help our communities and our people to move forward.   

On the other hand, whenever individuals from other races are occupying positions of power or prestige, they go all out to help their people. They demonstrate their willingness of what they would do to put both them and their communities in a position to succeed, and quite frankly they could not give a hoot about what anyone says or thinks.            Continue reading

Guyana Politics: Mr. Jagdeo eyes pass African-Guyanese – By Dr. David Hinds 

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