Tag Archives: poverty

ECONOMY: 2021 Top 10 Financial Predictions – By Neil McCoy- Ward – VIDEO

ECONOMY: 2021 Top 10 Financial Predictions – By Neil McCoy- Ward – Premiered Feb 6, 2021 

1. The Economy: We will continue to see negative growth this year, measured against the real production of goods and services in the economy. If we take away the Government & Central bank fake GDP (which is not creating any value in the economy).
2. Unemployment: Will rise again this year once Governments stop the current unemployment benefits. There are a number of labour shortages currently because a number of people have been disincentivized from returning to work as they earning more money by not working than they would be by working.

GUYANA – The plight of the working poor – commentary

The plight of the working poor


In Guyana, life is a continuous struggle for survival, especially for the poor and the working class. The struggle is oftentimes punctuated by spells of frustrations and suffering as a result of neglect by the authorities.

Giving up on their dreams and aspirations should never be an option. Guyanese from all walks of life and from various ethnic backgrounds have big dreams and ambitions, but limited means to achieve them. The struggle is made even more difficult when those things they seek to achieve remain elusive, not because of their own failures, but because of the sloppiness of others, especially those who are in positions to lead.

Nowhere else is this perpetual struggle more visible than among the masses in Guyanese; so much so, that it has become a permanent part of their socio-economic malaise.  Continue reading

Guyana- Putting country first – commentary

Guyana Map 2015

Guyana Map – click to enlarge

Putting country first

July 21, 2015 | By | Filed Under Editorial

Despite all the financial and economic problems facing the country especially with the sugar and rice industry, Guyana has an abundance of natural resources, arable land, mineral deposits, natural ports and a young and educated population to move the country forward.

With the recent discovery of oil, the economic growth potential in Guyana is very high. Despite these advantages, poverty, unemployment and crime, especially among the youths are on the rise in Guyana and the country continues to face serious economic and social challenges. Continue reading

Dirty Money Outflows High from Guyana – Global Financial Integrity (GFI)

News Americas, WASHINGTON, D.C., Mon. June 8, 2015: Dirty money flows are “pervasive and pernicious in the developing world” and one Caribbean nation has cracked the top 25 list globally, seeing a high illicit financial outflows compared to total trade.

The Washington, DC-based research and advisory organization Global Financial Integrity (GFI) lists Guyana as the only Caribbean country to make the list. In a report titled “Illicit Financial Flows and Development Indices: 2008–2012” and released last week, the GFI included Guyana in the list along with a number of African, Pacific and Central American nations.  Continue reading

The Tragedy of the Boat People: The Sea is not a Cemetery – By: Dhanpaul Narine

The Tragedy of the Boat People: The Sea is not a Cemetery

Dr. Dhanpaul Narine

Dr. Dhanpaul Narine

By: Dhanpaul Narine

It is brutal, heartless and disgraceful and it happens in oceans of despair.  It has been called slavery of the 21st century, an emergency and a crisis that defies description. The Mediterranean boat crisis continues to grab the attention of the world as politicians scramble to devise solutions. There was a time when the boats ferrying souls seeking a better life would disappear in the seas with little thought given to them. But these are modern times with the social media bringing to our doorsteps the plight of the boat people.

Can the world show compassion to a segment of the population that is asking for a second chance? This may appear to be a simple question but in reality the boat crisis is interwoven with politics, wars, poverty and countries seeking to secure their borders at all costs.  The problem of the boat people has not just arrived at the door of Europe. It has a history written with the indelible ink of cruelty that began in the developing world.   Continue reading

APNU+AFC launches ”The People’s Manifesto” – its official document

Download the Manifesto: http://apnuafc.net/wp-content/uploads/2015/03/APNU-Manifesto.pdf

APNU+AFC launches ”The People’s Manifesto” – its official document

Crowd at Stabroek Square at APNU+AFC Manifesto Unveiling

Crowd at Stabroek Square at APNU+AFC Manifesto Unveiling

The Guyana Chronicle – May 1, 2015 – By Ravin Singh

TAKING their pact with Guyanese straight to the people at the famous Stabroek Market Square yesterday afternoon, the A Partnership for National Unity + Alliance For Change (APNU+AFC) coalition launched what has been described as their ‘war manifesto’, aimed at “fighting” six major wars allegedly plaguing Guyana. Presidential candidate of the coalition David Granger described the document as “The People’s Manifesto”, which was birthed out of the six-party coalition and aimed at fighting six major wars in the country

The issues outlined, were: The war against poverty; the war against disunity; the war against crime; the war against dictatorship; the war against cronyism; and the war against corruption. Continue reading

Five Charts That Show How the Middle Class Is Disappearing

Five Charts That Show How the Middle Class Is Disappearing



The middle-class is feeling an income squeeze as economic policies continue to fuel inequality. Guess where the money is going as the middle class is disappearing and slipping into poverty?

Already the richest country in the world, the United States reached its highest cumulative wealth ever in 2013. It ranked fourth in the world in wealth per person, with $348,000 for every American adult.

But the average American wouldn’t know it. Thanks to economic policies that favor the super-rich and fuel inequality, the typical US adult’s total wealth is $31,688 — not even close to $348,000. Continue reading

Messages of Hope for a Brighter Future – By Tangerine Clarke

Messages of Hope for a Brighter Future

Why is India Still Poor? – commentary

Why is India Still Poor?

By Aseem Shrivastava and Ashish Kothari – for 

In March 2012, the Indian Planning Commission stated that 29 percent of India’s population was poor. These were people who had less than Rs.22.42 (US $0.41) a day if they were living in villages, or Rs. 28.35 (US $0.52) if in a city. The Commission’s happy conclusion was that poverty had fallen from 37 percent since its last measurement in 2004-05.

It is difficult to decide which is the more remarkable figure here. The fact that more than six decades after India gained independence, and after two decades of some of the highest economic growth rates in the world, almost a third of the country was still poor—or the fact that India’s highest planning body actually considers anyone earning more than $0.52 a day as not fitting into their definition of poor. Activists pointedly asked the government economists if any of them could live on that amount in New Delhi; the response, of course, was a resounding silence.

If even slightly more realistic figures are used, the grim reality of poverty in India is revealed. Taking the World Bank criterion of $1.25 (PPP) a day, for instance, there were 456 million “poor” Indians (42 percent of population) in 2005. Estimates that take nutritional and caloric needs into account bump the number in poverty up to 60 – 80 percent.    [more]

VIDEO: Children having children contributing to poverty

Editor’s note:  The following video and article highlights the issue of poverty in Jamaica, and notes that child pregnancies and lack of education, training and employment perpetuates poverty.  This is not  news as these are the same issue in many countries of the world, including Guyana.

VIDEO: Children having children contributing to poverty

BY ALICIA DUNKLEY Observer senior reporter dunkleya@jamaicaobserver.com

Tuesday, August 09, 2011

FINANCIAL analyst Karen Fitz Ritson has pegged Jamaica’s rising poverty level to the shrinking age of parents.

Speaking at the weekly Observer Monday Exchange at the newspaper’s head office in Kingston yesterday, Fitz Ritson — chief executive officer of Fitz Ritson and Associates, a professional training institute — said the issue of children having children must be tackled if poverty alleviation efforts were to have any success at all.

“… In Majesty Gardens, the ages of the parents are 16 to 19; remember that their children are between three and five years old, so they (parents) are starting having children from 13 years onwards. In Waterhouse, the parents are between 18 and 24. In Mountain View the parents, mainly the mothers, are from 20 upwards and Stony Hill, it’s mixed,” she said.  Continue reading

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