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11. November 2009 by admin.
DENIS KELLMAN’S COLUMN - THE DEBATE
MARCH 24, 2006
St. Lucy’s MP Denis Kellman is calling for the training of university students in the disciplines needed in the world of work.
The Opposition parliamentarian made this call last night in the House of Assembly while speaking on the 2006- 2007 Estimates.
“Policymakers must now have a programme to suit the demand of the world of work. Policymakers cannot allow the University of the West Indies to be someplace where students can pursue courses without knowing what they will be returning to.
“There must be a matching process where students should know before they enter University what types of jobs are in the market for them. It should not be a case where students are allowed to study any discipline and then find that there were no jobs to suit their qualifications,” Kellman said.
He argued that there must be a relationship between the Ministry of Education and the world of work. Earlier, he condemned the current practice of enrolling students of a tender age in the school system. (NC)
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11. November 2009 by admin.
DENIS KELLMAN’S COLUMN- THE DEBATE
MARCH 15, 2006
This week I am forced to return to what I perceived to be the shortfalls in development. Our country Barbados has introduced systems that have worked well for the revenues side of the economy. These systems allowed the Government to have surplus Revenues and the private sector to have surplus profits. These results caused the players to ignore a significant point that I have been consistently speaking about.
I have said repeatedly that the foreign exchange is key and we have allowed ourselves to focus on revenue and not foreign reserves. Government also has to accept its responsibility as it relates to foreign exchange. Too many persons believe that Government’s role is to borrow and borrow without looking at the consequences of our habits.
International Organisations are formed to protect the interest of countries that have formed them. Lending to balance budgets is popular among developed states because they know that it leads to dependency. These countries operate to suit their plan. You would find that countries that have large reserves always find themselves having to finance an army and this is not by chance. These military forces are created to share the foreign reserves with other countries. It is also done to limit power.
If one only reflects, one would recognize that our major financing problems occurred after we had an army and it was not the oil crisis of ’73, but having to finance an army after the US was asked to vacate the premises at Harrison Point. This facility served us well and some still believe that the absence caused the problem in Grenada.
Small developing countries have to be careful how they behave in the international market, because they end up carrying large defense bills that erode their social bills. Defense bills replaced investments and created foreign debt and sometimes we need to look at our decisions on these matters. Most countries within the Caribbean would be better served if the concentration is on the Coast Guard since their biggest threats will be from the sea, because of the drug trade and realizing that most of them are islands.
Barbados is fortunate to have the best cotton in the world. Textiles are dominating fashion and everybody likes to wear the best, yet we find it very difficult to find a serious partner to carry forward our cotton industry. It seems to me that the developed countries believe that developing countries should only sell raw material to them to be processed, then for them to make significant profits and to behave as if it is their product.
These countries take the raw material transformed it to a lucrative product, bleed the market and when the demand slips, dump it on the producing countries and behave as if they did not benefit from the product.
Small developing countries must adopt the OPEC approach so that they can maximize the benefits from their products. Is it by accident that when we had the Cold War Days that trade was better for small developing states? We must ponder on these thoughts, because we have seen how oil is now being used within the Caribbean as a foreign policy tool. So significant is this foreign policy tool that some countries have even forgotten that they have signed on to the CSME.
The problem with CSME is that we do not understand the importance of building a strong base and we think more short term than long term. I sometimes ask myself what will happen to the Caribbean when Cuba and Venezuela are accepted again by America. I have no problem with Caribbean leaders having a foreign policy that involves Cuba, since it was the late Right Excellent Errol Barrow that gave us our foreign policy… “Friends of all, enemy of none”.
This foreign policy which I support 100 %, allows me to understand why we never sought full independence and one can easily understand the level of investment today due to the foresight of that great man. Some ‘Negrocrats’ would want us to change for the sake of changing. I believe that when you change a system you should be able to outline the reasons and benefits to be gained from the change. In 1966, it was known the benefits to be gained from independence and the reasons why we were going to be partially independent.
Our present state allows us to have a relationship with America without interfering with the one we always had with the Queen. This longstanding relationship with England and the EU should have worked in our interest to get our fair share from those countries that controlled our earnings and developed their countries at our expense. These leaders must stop asking for handouts and demand a part of the investment that was taken from these developing countries to retain their international status and to develop their countries.
Everybody knows the important role that sugar from the Caribbean played in advancing England. It is therefore strange that now the benefits of Free Trade are on our doorstep that we cannot get concessions from our “Mother” who helped to create us, held our earnings and lessen our development.
We sometimes take out anger on countries that we did not build directly and we behave as if it was America that controlled England. Our direct savings can be found in England and indirectly in America. Some of the resources that built America would have been from the sugar monies from the Caribbean, which meant that we have a longstanding relationship with America and should do nothing to destroy the goodwill that has been created.
All of the above was said to enforce the point that the present Government must carefully plan its foreign policy to get the greatest benefits from the goodwill created and should appreciate our history for what it is. A country that needs foreign goods needs to concentrate on foreign reserves first and then revenue or it will find itself without a foreign policy. How long can we continue to spend more foreign reserves that we earn?
Peace, love, unity, commonsense, faithfulness, humility, wisdom and understanding.
(Denis Kellman is the Member of Parliament for St. Lucy, Barbados)
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11. November 2009 by admin.
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11. November 2009 by admin.
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11. November 2009 by admin.
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11. November 2009 by admin.
MONTEGO BAY, Jamaica (JIS) — Jamaica’s Minister of Foreign Affairs and Foreign Trade, Kenneth Baugh, has called on members of the Caribbean multi-national business community, to move now towards creating an enabling environment for trade and investment in their countries, and to build partnerships.
“The indispensable strategy to govern our progress and growth in the economy of developing countries must be to build partnerships with the United States of America and CARICOM . The Obama administration has ushered in a new approach to US foreign relations. The opportunity is now present for the USA and CARICOM to build a partnership based on agreed goals and objectives for achieving economic growth and sustainable development in the region,” Baugh said. The Minister was addressing the 14th Annual Caribbean Multi-National Business Conference, held in Montego Bay last week. Baugh, who is also Deputy Prime Minister, emphasised that the partnership must not just be a government to government initiative, but must be forged at the private sector and Diaspora levels. “There are hopeful signs that the Obama administration is prepared to engage with CARICOM to forge a new era of co-operation through partnership. CARICOM Heads of Government, who met with President Obama during the Summit of the Americas in Trinidad and Tobago this year, welcomed his willingness to give serious attention to the concerns of the region. They readily accepted the President’s proposal for a USA-CARICOM Summit, which is now likely to be held next year, and should give impetus to the partnership for regional development and stability,” Baugh told the conference participants.
“For our part, as regional governments, we are challenged to create an enabling environment for trade and investment in our countries. We must build on our capacities to more effectively grasp the opportunities available under the Caribbean Basin Initiative (CBI) and other trading agreements. The private sectors of CARICOM and the USA also have a role to play in building the partnership. Both private sectors need to collaborate in developing strong business relationships, which will lead to increased exports and job creation,” he added. Pointing to the present economic downturn affecting countries worldwide, the Minister said that the lesson to be learnt in all of this is that the world must now enter into a global partnership. “All investors must not only think of the bottom line of profit, but to expand that to the planet and to the people. In other words, responsibility to the people and to the community in which they invest,” he argued. |
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11. November 2009 by admin.
RICE AND PEAS; SALT FISH RICE
MACARONI PIE; SCALLOPED POTATOES
CONCH SOUP; BAKED CHICKEN
FRIED PORK; BBQ SPARERIBS
FRIED POT FISH; FRIED STEAK FISH
GRILLED STEAK FISH; STEAMED VEGETABLES
LAMB STEW; FISH GRAVY
TOSSED SALAD
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11. November 2009 by admin.
GEORGETOWN, Guyana (GINA) — The need for a diversified economic base in light of the global financial and economic crisis was further highlighted during the opening of the 41st Annual Monetary Studies Conference at the Bank of Guyana on Tuesday morning.
Minister of Finance Ashni Singh during the feature address noted the importance of a diversified economic base while stressing on the importance of policy makers ensuring that policies take into consideration the realities that are confronted by the Caribbean Region. “Countries in the Caribbean need themselves to adopt development strategies that will diversify their economic base and reduce their vulnerability. In this regard Guyana has undertaken the National Competitiveness Strategy and the Low Carbon Development Strategy,” the Minister said. Noting the effects of the financial crisis the Minister said the meeting is being held at a time when there are still high levels of uncertainty in financial markets and the financial services industry following the worst global financial and economic crisis since the great depression of the 1930s. “The intensity of the turbulence in international markets has surprised nearly everyone. It occurred during a period of strong world economic growth and low interest rates. It was triggered by a sudden and wide spread loss of confidence in securitization and financial reengineering as well as the failure to evaluate price risks,” the Minister said. “In addition, the impact has been greatest on countries whose supervision of creditors has been considered to be amongst the best in the world. A striking feature of this latest episode in the financial markets of developed countries has been the relative resilience of markets in emerging and developing countries to the crisis. Indeed in many countries financial markets continue to be strong and to return very robust performances,” Minister Singh noted. “Profitability has remained relatively strong although there has been some decline. The main risk facing the financial system in the Caribbean, is credit risk stemming from the depressed economic conditions arising from the prevailing global economic crisis. This has resulted in depressed demand and increased risk submersion which manifested itself in slower credit growth, falling financial asset prices and lower interest rates,” Singh stated. Economic activity has declined almost everywhere in the Region with few Caribbean countries appearing to have avoided economic contraction in 2009, he said. “The Caribbean Region has also experienced slow export growth and reduced export prices, dramatic drops in foreign investments, decline in remittances for workers in recession affected countries, and contraction in foreign aid.” Minister Singh stated however that debates in developed countries about the impact of the global financial crisis have overlooked its impact in developing countries. “The US Administration introduced a stimulus package of US$ 825B equivalent to the combined 2007 GDP totals of Singapore, Thailand, Vietnam, Philippines and Hong Kong. There is a number of statements about the global recession including references to perhaps the most popular, the most current cliché, the ‘green shoots’ recovery, which implies the appearance of a global economic recovery through the positive trends and stock market prices, increases in retail sales, restoration of consumer confidence and credit growths,” the Finance Minister noted. Other statements, he said, point to a persistence of the recession, further dividing the global economy. However, no time frame has been given for when the green shoots will positively impact developing countries. “What is clear is that our Region cannot wait on recovery in developed countries. The poorer and vulnerable economies of the Region need financial help and decisive action urgently to preserve jobs and sustain the hard-hit sectors of our affected economies. Regional heads and technocrats have responded quickly, decisively, responsibly in stemming the effects of the financial crisis. To avert full economic decline Governments adopted both short to medium-term as well as long-term measures including fiscal stimulus policies as well as sectoral and social policies,” Singh said. The Minister noted that the purpose and determination with which Regional Heads have responded to address the issue is essentially important. He pointed out that the Regional Heads of Government Task Force on the global and economic crisis headed by President Bharrat Jagdeo met in Jamaica in August when a series of interventions were decided upon. He noted that President Jagdeo has taken the discussions to the World Bank meetings where he argued on the Region’s behalf stressing on the need for debt relief for vulnerable Caribbean countries and small states and enhanced development assistance, the Minister said. The Conference is being held under the theme: “Building financial sector resilience in the Caribbean,” from November 10 – 13 co-sponsored by the Bank of Guyana and the Caribbean Centre for Money and Finance with participants from Central Banks in the Caribbean. |
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11. November 2009 by admin.
| By Joy-Ann Gill
BRIDGETOWN, Barbados (BGIS)– Over 50 delegates from across the region are expected to converge in Barbados for the Caribbean Sub-regional Meeting on Tobacco Surveillance and Policy Development, slated for November 16 to 20.
The meeting, a collaborative effort among the Pan-American Health Organisation - Office of Caribbean Program Coordination and the Tobacco Control Team Washington DC; the Office of Smoking and Health - Centers for Disease Control and Prevention USA; and Barbados’ Health Ministry, will look at the implementation of Articles 5.3 and 13 of the Framework Convention on Tobacco Control (FCTC). Article 5.3 of the FCTC addresses “Protection of Policies from Commercial and Other Vested Interests of the Tobacco Industry”, while Article 13 examines “Tobacco Advertising, Promotion and Sponsorship”. The forum will also assess the use of tobacco surveillance data for the development of effective and evidence-based tobacco control policies. This country’s Health Minister, Donville Inniss, will deliver the feature address at the official opening ceremony on Monday, November 16, at 9:00 am. Tobacco use and exposure is a major risk factor in the development of chronic non-communicable diseases, particularly hypertension, cardiovascular disease, stroke and poor blood circulation. According to the Ministry of Health, some 8.4% of the adult population in Barbados are current smokers, comprising 15.4% adult males and 2.2% adult females. Additionally, the Global Youth Tobacco Survey 2007 of 13-15 year old secondary school children showed an increasing trend and suggested that up to 15% of children in this age group are current smokers or have experimented with tobacco products within the recent past. The average age of initiation of smoking was 19 years. In June 2004, Barbados signed the FCTC and ratified it in November 2005. This is a landmark public health treaty that has been signed by 168 countries. The convention uses a collective agreement through governmental agencies to advance prevention and control strategies for tobacco. It gives member states a framework and guide through a series of articles related to legislation, taxation, packaging and labeling, illicit trade and counterfeit products and public education. The Ministry of Health, through its Chronic Non-Communicable Disease Commission, is committed to working with local, regional and international partners in continuing the campaign against the harmful effects of tobacco smoking. The partners include non-governmental organisations and the Pan American Health Organisation. |
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11. November 2009 by admin.
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| WASHINGTON, USA (Reuters) — The International Monetary Fund on Monday approved a $1.7 billion loan program for the Dominican Republic to shore up confidence in the government’s economic policies and win additional financing from other lenders.
The IMF-backed program aims to pursue short-term counter-cyclical policies and reduce vulnerabilities in the economy while also laying the foundations for a gradual recovery and sustained growth, the Fund said in a statement. |
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