Category Archives: Politics

GIHR Online Newsletter – March 2020

             Download: GIHR Online Newsletter – March 2020

The Silver Lining of the COVID-Caused Recession is Supra-Economic – commentary

County Sustainability Group – promoting a sustainable prince edward county

COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it’s nature at bat, not the Fed.

In these dark times, any source of comfort is welcome. Steady-state economists offer one of the only economic comforts to be found, a bona fide silver lining that warrants inspection by the mainstream media, public, and policymakers. There are three qualifiers. First, the silver lining is mostly macroeconomic, not micro. In fact, it is so big-picture we might call it supra-economic as it transcends the standard economic indicators.      Continue reading

Guyana: Coronavirus hitting businesses hard – Cuban shoppers gone

The COVID-19 impact on Shanta’s Puri Shop

Fears over the deadly Coronavirus (COVID-19) have been taking a toll on Guyana’s business sector as many of them have either closed or scaled back operations.

Many Chinese-run businesses in Guyana which depend on all-week shopping by Cuban traders, have closed their doors, so too are several local businesses and fast food enterprises. It is estimated that each Cuban comes to Guyana with at least US$3,000 to purchase clothing, electronic equipment and electrical appliances to take back to Cuba to sell.          Continue reading

VIDEO: How New Yorkers Are Coping With Coronavirus | NYT News

How New Yorkers Are Coping With Coronavirus | NYT News

With restrictions tightened on businesses and daily activity, residents are grappling with uncertainty about resources, health care and their paychecks.

Subscribe: http://bit.ly/U8Ys7n More from The New York Times Video: http://nytimes.com/video

ECONOMICS: Will there be another Great Depression? – The Guardian UK

Government indecision amid the coronavirus crisis has fuelled fears of a long recession – unless there is a huge fiscal response
Unemployed men eat soup in Washington, circa 1935.
 Unemployed men eat soup in Washington, circa 1935. Photograph: Archive Photos/Getty Images

Such was the scale of the global market crash last week in the wake of the coronavirus outbreak, the spectre of the 1929 Wall Street rout and the ensuing Great Depression of the 1930s has been raised. Comparisons no longer seem fanciful.

The failure of the US and the UK to swing into action with a wide range of mitigation measures – despite the lessons of Italy’s slow response to the spread of Covid-19 – has heightened concerns that a sustained, epochal downturn lies in wait.          Continue reading

Coronavirus Will Change the World Permanently….. Here’s How. – Politico Magazine

A crisis on this scale can reorder society in dramatic ways, for better or worse. Here are 34 big thinkers’ predictions for what’s to come.

For many Americans right now, the scale of the coronavirus crisis calls to mind 9/11 or the 2008 financial crisis—events that reshaped society in lasting ways, from how we travel and buy homes, to the level of security and surveillance we’re accustomed to, and even to the language we use.

Politico Magazine surveyed more than 30 smart, macro thinkers this week, and they have some news for you: Buckle in. This could be bigger.

READ MORE

OPINION: Falling oil prices and COVID-19 will damage Caribbean growth – By David Jessop

By

In normal times a sudden drop in the price of oil would elicit a collective sigh of relief among Caribbean governments and Central Bankers. However, these are not normal times.

The ill-judged decision by Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, to pump more oil at just the moment the global economy is reeling from the impact of the Corona virus, COVID-19, has created a global shock that will touch the Caribbean in ways that may suppress growth for years to come.
In essence, what the Saudi Prince decided to do, just as international markets were going into free fall and global demand for oil was in decline as a result of the Corona virus, was  to flood an oversupplied world energy market with 12.5m barrels a day of crude. His aim was to try to take market share away from OPEC rivals and particularly Russia which has little spare capacity to compete.          Continue reading

Guyana Elections 2020: High Court stops Recount – CARICOM team leaves – Updates

High Court blocks CARICOM-supervised recount of Guyana’s general election votes

Guyana Elections 2020 – GECOM Awaiting Legal Guidance Before Starting Vote Recount

 GEORGETOWN, Guyana, Tuesday March 17, 2020 – The Guyana Elections Commission (GECOM) today said it’s awaiting legal guidance before deciding on the commencement of a national recount of the votes cast in the March 2 general and regional elections.

Last Saturday, President David Granger sought the assistance of the Caribbean Community (CARICOM) to oversee the recounting of ballots in all 10 administrative regions in the country, saying that would put all doubts, about the validity of the results, to rest.

Through the intervention of CARICOM’s Chair and Prime Minister of Barbados Mia Mottley, a five-member high-level team was dispatched to Guyana on Sunday to supervise the process which was expected to commence the following day.  Continue reading

Guyana Elections 2020: Whoever wins also loses… and that means all of us – GHK Lall

Mar 16, 2020  Features / ColumnistsLetters, Kaieteur News

Dear Editor…. Letter from GHK Lall 

I stand in strong support of a full national recount. At first, I thought that that represented the sum of commonsense, a deep wisdom, given what we have had, and what now rages with all the intensity (the increasing and unceasing intensity) of an unstoppable inferno. Then I came to my senses, which had deserted me for a short moment. Yes! This is what this place does to citizens.

I came to my senses that while a full recount looks like the way out of the quagmire-the grave, to be unsparingly and crudely blunt-there is a problem, a serious problem that is sure to raise and display another of its many frightening heads. It is that somebody, from some party, is sure to raise hell and run amok with claims that the ballot boxes were tampered with and, you guessed it, stuffed. Or rearranged to the detriment of the competition.        Continue reading

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