Jamaica
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EDITORIAL – No more procrastination, PM
KINGSTON, Jamaica – There will be temptation among skittish members of the Government, we fear, to slink behind the recent acknowledgement by the International Monetary Fund's (IMF) Chief Economist Olivier Blanchard that the Fund underestimated the potentially deflationary impact of its policies in Greece to escape having to make the hard choices on adjustment in Jamaica. It is hardly coincidental,…
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EDITORIAL – Jamaica’s fiscal cliff
KINGSTON, Jamaica – Judging from last Sunday evening's hunky-dory speech by Prime Minister Portia Simpson Miller, our Government may not have noticed that Jamaica is hanging precariously over, according to the American coinage, a fiscal cliff. Or, the PM has deliberately chosen to ignore the reality and sell Jamaicans a false sense of security. In the absence of ignorance of…
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PNP, JLP rap US newspaper editorial
KINGSTON, Jamaica – AN editorial in the Chicago Tribune — one of the largest and most respected newspapers in the United States — which described the Jamaican economy as being in worse shape than that of Greece and an example of what could happen to countries that continue to pile up debt, has been viewed as inaccurate from representatives of…
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Is Jamaica the Greece of the Western Hemisphere?
KINGSTON, Jamaica – YESTERDAY the Chicago Tribune (President Obama's major hometown newspaper and one of the top five newspapers in the US) wrote an editorial with the title “Jamaica's Debt Hurricane”, subtitled “The Greece of the Western Hemisphere”. The editorial argued that Jamaica, like Greece, “illustrates the catastrophic effects of borrowing way too much, and the painful choices that follow”.…
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Who should CARICOM support for WTO director general?
KINGSTON, Jamaica – INTERNATIONAL trade is vital to the survival and economic growth of small vulnerable developing economies (SVDEs). The World Trade Organisation (WTO) is the international agency charged with negotiation of the rules which constitute the multilateral trading system. The implementation and the adjudication of disputes in the interpretation and application of the rules also fall within its purview.…
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EDITORIAL – Don’t leave the retreat until there is a plan
KINGSTON, Jamaica – In a broadcast Sunday evening, Prime Minister Portia Simpson Miller provided her account of the stewardship of the Government in the year since its election. She followed up yesterday with newspaper advertisements in her role as president of the People's National Party. This newspaper welcomes these initiatives. Reporting to constituents is an important component of leadership. However,…
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CARICOM stock market review 2012
KINGSTON, Jamaica – The year 2012 was a challenging one for equity investors in CARICOM. Despite solid gains on manufacturing, conglomerate and banking stocks, returns were depressed by declines on tourism, real estate, insurance, investments and retail stocks. As a result, the CSX 30, which tracks the 30 most influential stocks in CARICOM, posted a modest gain of 7.27 per…
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Plans to amend human trafficking legislation
KINGSTON, Jamaica, CMC – With international pressure mounting on Jamaica to re-double its efforts to clamp down on human trafficking, the task force appointed to deal with this issue is pushing for amendments to already existing legislation. According to Carol Palmer, Chairperson of the Task force Against Human Trafficking, the recommended amendments will be submitted to Cabinet shortly for approval.…
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Don’t just talk about alternative energy, act!
KINGSTON, Jamaica – WE are aware that many factors can affect negotiations between the Government and business entities wishing to set operations here. Those factors can range from complex to the most minute detail. Either way, they most times lead to start-up delays that frustrate all parties involved. With that in mind, we hope that the Government and Russian firm…
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EDITORIAL – There is still promise in sugar
KINGSTON, Jamaica – Ambassador Derick Heaven is a man for whom this newspaper has the utmost respect and whose grasp of the intricacies of the global sugar industry is undoubted. Importantly, he has been a champion of the cause of reforming the industry, promoting the concept of a sugar cane, rather than a sugar, industry. It is in that context,…
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