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Corruption allegations in the Cayman Islands
KINGSTON, Jamaica – The British overseas territories often seem to have the best of both worlds. They are 14 island nations that represent a hangover from Britain's imperial past. On the one hand, they have a high degree of autonomy and constantly agitate for more. But on the other hand, they remain British territory, which gives them a huge advantage…
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Major credit rating agency says bond restructurings still fail to ignite Caribbean growth
NEW YORK, CMC – A major international credit rating agency says three bond restructurings in the Caribbean this year, totaling about US$9.7 billion, have still failed to ignite economic growth and may not help the region avoid more defaults. Moody’s Investors Service said the bond swaps this year did not go far enough to fixing the Caribbean’s “unsustainable” mix of…
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Caribbean diplomat to lead UN mission in Haiti
(Miami Herald) A career diplomat from Trinidad and Tobago with extensive experience on Haiti issues will soon head the United Nations Stabilization Mission in the Caribbean nation.. U.N. Secretary General Ban Ki-moon on Friday announced that Sandra Honoré will serve as his next special representative and head of the mission known by its French acronym, MINUSTAH. She is expected to…
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CARICOM heads urged to fully implement free movement
ST JOHN’S, Antigua – Regional governments are being urged to intensify efforts to fully operationalise the Free Movement of skilled individuals which is an element of Caricom Single Market and Economy (CSME). Prime Minister Baldwin Spencer made the call yesterday afternoon during his inaugural address as chairman of the Organisation of Eastern Caribbean States (OECS). “As we continue to prepare…
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Don’t subject CARICOM to ideological views
KINGSTON, Jamaica – Ronald Mason is entitled to his personal opinions, but he's not entitled to pick and choose facts to reinforce his ideological views on why Jamaica must leave CARICOM. The capitalist organisation of the global economy is inherently uneven. The European Union (EU) and NAFTA reflect in the most concrete ways the spatial unevenness that capitalism reproduces. Let…
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CARICOM: Government’s lost opportunity
KINGSTON, Jamaica – Almost five years ago, in an article titled 'Jamaica's costly affair with CARICOM', I called attention to the gross economic abuse Jamaica suffers in its association with CARICOM and suggested that we should withdraw from our trading relationship with the group. My hope was that with the Jamaica Labour Party (JLP), a party that was at best…
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Brutal talks and the US-Caribbean relationship
KINGSTON, Jamaica – Much media coverage was given to the signing on May 28 in Trinidad of a Trade and Investment Framework Agreement (TIFA) by US Vice-President Joseph Biden and current chairman of the 15-nation Caribbean Community, Haiti's President Michel Martelly. But the TIFA must not be mistaken for what it is not. Although its name sounds grand, it is…
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