Category Archives: Economics/Finance

Video: The Science Behind Gold +The Richest Man In History – Mansa Musa of Mali (1280-1337)

October 15, 2019 – 12:44 am

The Richest Man In History – Mansa Musa of Mali ($400 Billion) + The Science Behind GOLD

Just about every culture, race and religion acknowledges the value of gold. Humans have been infatuated with gold for as long as we have recorded history. Millions have died for it, entire civilizations were build upon it and even many cryptocurrencies are backed by it.

Gold was the driving force in the European conquest of the Americas in search of places like El Dorado, a city entirely made of Gold. And we can’t forget the mass migration to the western United States in the Gold Rush of 1849. Even the gods wanted gold. According to the Sumerian tablets, the oldest written record we have, gold was the entire reason for creating mankind.  Continue reading →

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Venezuela: Russia and hemispheric geopolitics – Stabroek News Editorial

October 15, 2019 – 12:21 am

Stabroek News – October 13, 2019

A number of news organisations, including the BBC, have produced pieces on Russia’s growing global reach, and President Vladimir Putin’s apparent mission to re-establish his country’s influence in world affairs and engineer a return to spheres of influence. He has been aided by the carelessness, lack of judgement and sometimes arrogance of the West, which made it possible for him to make Moscow a player in the Middle East, take the Crimea and bring eastern Ukraine under its ambit.

But all of this, while of interest to Guyanese on account of the small world we live in, is not of immediate moment. In contrast, Russia’s actions across our border are. Once again, with Washington taking the lead, the West made a strategic miscalculation in de-recognising Nicolás Maduro as Head of State and Government in Venezuela, and according interim presidential status to Juan Guaidó.              Continue reading →

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The Linden-Lethem road: foolishness or an investment? – By Adam Harris

October 14, 2019 – 12:27 am

 Oct 13, 2019  Kaieteur News- Features / Columnists, My Column- – Adam Harris

For decades, a road linking coastal Guyana and Lethem has been on the cards. Way back in the 1950s, Henry Ford of Ford Motors talked about building the road on the condition that only Ford cars would drive on it.

At the time Guyana was a British colony, the British rulers never accepted the offer so the road never materialised.
Many years would pass before the Guyana Government would carve a trail linking the coast to Lethem. There were criticisms as environmentalists began to talk about disturbing the habitat of some wildlife.      Continue reading →

By guyaneseonline | Also posted in Business, Commentary, Guyana, Guyana infrastructure, History, Personalities | Tagged , | Comments (5)

“APNU is not against cash grants” from oil revenues but more information needed – Granger

October 10, 2019 – 10:30 am

— WPA ready to negotiate modified proposal

Posted by: Denis Chabrol in -Demerara Waves  October 9, 2019

President David Granger

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin.

“There has been a lot of speculation and we ask that people put figures to their intention before we make any public discussion but the APNU is not against cash grants. It needs to know more so it can make a proper announcement to the people of Guyana,” the President said.              Continue reading →

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Infographic | Visualizing Global Attitudes Towards Retirement

October 10, 2019 – 12:17 am

Visualizing Global Attitudes Towards Retirement

Around the world, people have different attitudes towards what to expect in their retirement years.

Statistics show that not having enough money at retirement is a nearly universal issue, and 51% of employees with a workplace pension are worried that they won’t make enough to live their ideal retirement life.

Of course, there are always notable exceptions to every rule.

Does reality match expectation?
> Read more

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David Jessop | Relating To A Much-Changed Europe and the Caribbean

October 9, 2019 – 12:09 am

Published:Sunday | October 6, 2019 – Jamaica Gleaner

AP Photo — Ursula von der Leyen could become president of the European Commission.
The spectacle of Britain all but tearing itself apart over its future relationship with the European Union has been unedifying.

Now, however, after months of political, legal, constitutional, and parliamentary wrangling, the indications are that very soon, Britain, in one or another way, will leave.

As a fail-safe, the Caribbean has agreed the text of a Cariforum-United Kingdom Economic Partnership Agreement, or EPA, which can be rapidly approved in the event of a hard Brexit. This will, if required, provide Caribbean exporters of goods and services to the UK near identical market access terms to those it has under the EU-Cariforum EPA.              Continue reading →

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The History of the World, in One Video – By Visual Capitalist

October 7, 2019 – 12:51 am

Published

Throughout the history of the world, many civilizations have risen and fallen.

You may be familiar with the achievements of prominent societies like the Romans, Mongols, or Babylonians, but how do all of their stories intertwine over time and geography?

Visualizing the History of the World

Today’s video comes to us from Ollie Bye, and it attempts to integrate the histories of all major civilizations known by historians into a single, epic video.                  Continue reading →

By guyaneseonline | Also posted in Arts / Culture, Commentary, History, International News, Personalities | Tagged , , | Comments (1)

Guyana: There is a shortage of US dollars in the streets: Selling price to over $230.

October 6, 2019 – 2:40 pm

( Oct 06, 2019  Kaieteur News ) There is a shortage of US dollars in the streets and it has sent the selling price to over $230.

Bank of Guyana Building.

Yesterday, the different cambios were selling for as high as $233 for one US dollar.
It would be highest in years with knowledgeable persons predicting that the situation will only get worse.

At the banks, the exchange rate for wire transfers was $218. In fact, the commercial banks had significant funds to conduct and make payments for businesses.

It was on the road that the problems existed.              Continue reading →

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US Economy: US unemployment rate falls to 50-year low of 3.5% – The Economist

October 5, 2019 – 12:05 am
Ford workersThe US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data.

The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month.

In addition, August data was revised up to 168,000 jobs created instead of the previously reported 130,000.  However, wage growth was unchanged and manufacturing jobs fell in September.

The report came on the heels of a string of weak economic reports, including a plunge in manufacturing activity to more than a 10-year low in September and a sharp slowdown in services industry growth to levels last seen in 2016.

READ MORE

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Guyana Politics: PPP virtually endorses WPA’s cash transfers to poor: Hinds warns APNU of losing votes

October 4, 2019 – 10:04 am

Posted by: Denis Chabrol in Demerara Waves – October 3, 2019

Oil rig

The opposition People’s Progressive Party (PPP) on Thursday virtually endorsed the Working People’s Alliance’s (WPA) proposal of direct cash transfer of some projected oil revenues, but preferring to target the poor and needy instead of all just over 200,000 households across Guyana.

“In fact, in our manifesto, we are going to be talking about conditional transfers, targeted transfers to vulnerable groups right at the beginning. We have to help single parents, we have to help children, we have to help the older people first and as our capacity grows and we get more money – we constantly have to see that it’s sustainable though.          Continue reading →

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