Caribbean Faces Uncertain Times

This year promises to be another hard slog for many Caribbean economies. Read more of this post

Caribbean Faces Uncertain Times

This year promises to be another hard slog for many Caribbean economies. Read more of this post

EU’s Economic Recovery Gloomy – IMF

The International Monetary Fund (IMF) warns that the euro zone debt crisis could dash EU’s hopes for economic recovery, amid continuing financial turmoil in the region. Read more of this post

The US Economy In 2011

The 2011 seems to usher in some good news after the long economic slump. At least that is what the experts have to say. Though not a major economic punch, but the betterment can be felt in ripples. Read more of this post

US Dollar Begins Crash in Response to QE2 as Gold Scores New High

Earlier this year, Lindsey Williams told Alex Jones the globalists would devalue the dollar and jack up the price of oil. Read more of this post

2010 US Bank Failures Rose to 143 Surpassing 2009

On Friday, State and Federal regulators closed four banks, as the total number of bank failures this year rose to 143, surpassing 2009 which saw a total of 140 bank failures amid the recession and mounting loan defaults. Read more of this post

S&P Downgrades Barbados Credit Ratings Again

The Barbados Economy remains in a state of depression. Read more of this post

The Global Currency War

The Finance Ministers of 187 nations began meeting in Washington, DC on Thursday, Oct. 7, 2010 to discuss the growing concerns that the world is now in the grip of an “international currency war” initiated by China. Read more of this post

12 Ominous Signs For World Financial Markets

Can anyone explain the very strange behavior that we are seeing in world financial markets right now? Read more of this post

18 Signs That America Is Rotting Right In Front Our Eyes

Sometimes it isn’t necessary to quote facts and figures about government debt, unemployment and the trade deficit in order to convey how badly America is decaying. Read more of this post

Top Economists: The Second Great Depresson Has Arrived

The worst nightmare forecast by economic specialists over the previous years has come true: new research by economic gurus in the United States of America has revealed a bleak scenario: the United States’ economy is in a state of depression. Read more of this post

IMF Warns Countries Of Debt Risks

The International Monetary Fund (IMF) has warned that many wealthy countries are amassing risky debt burdens, which could spark a market-wide panic. Read more of this post

China Sells $34.2bn Of US Treasury Bonds

China sold $34bn (£21.5bn) worth of US government bonds in December, raising fears that ­Beijing is using its financial ­muscle to signal that it has lost confidence in American economic policy. Read more of this post

Barbados Government Preparing For Rainy Day

The Barbados Government is taking a number of steps, including negotiating multiple loans, to cushion the effect on the island’s critical sectors if the global recession deepens.

In light of the uncertain economic outlook, Minister of Economic Affairs and Empowerment, Innovation, Trade, Industry and Commerce Dr David Estwick says government has initiated ‘A Short and Medium Term Action Plan ‘formulated by a Special Working Group on the Economy, to outline a “road map for the development and implementation of several policy initiatives to stabilise the economy”.

Among the proposals to be undertaken by government are measures to improve the level of competitiveness and to maximise the opportunities which may emerge from the crisis; the provision of resources to assist the productive sectors in riding out the current period; and the allocation of a fiscal stimulus to sustain economic activity and safeguard jobs.  Read more of this post

Barbados Retail Sector

Last year food prices increased almost nine per cent. This was on top of an eight per cent hike in 2006, a 7.1 per cent increase in 2005, and 4.5 per cent in 2004.

In 2007, the Fair Trading Commission said in its Inquiry into the Food Distribution Industry in Barbados that food prices in Barbados increased by approximately 25 per cent over the past three years. This was placed alongside an overall inflation rate of 13 per cent for all items sold in the same period.

Conservative estimates put the total sales in the retail food sector as approaching Bds$1 Billion at the end of 2007. Two years earlier (in 2005) the FTC estimated the amount at around Bds$883 million with about six chains contributing to that figure.

source advocate

THE ENGLISHMAN believed to be the mastermind behind a multi-million Beijing Olympics ticketing scam, reportedly arrived in Barbados in March, but left a month later for Miami

A senior police source told the DAILY NATION on Saturday the records also showed that a man bearing the same identity of the fraudster, indicated he had visited the island on previous occasions.

It was in the second semi-final, which Powell won in 9.91sec, that the event lost its much-hyped third key player with reigning world champion Tyson Gay failing to qualify.

The American strained a hamstring during the 200m at the US Olympic trials in June and hadn’t been able to compete in the lead-up to the Games.

Despite bravely trying to talking up his chances during the week, Gay looked rusty in the opening two heats and from lane nine last night he finished fifth in 10.05sec.

“I don’t know (what happened),” he said. “I just didn’t have nothin’ in me today. I ran as fast as I could. I focussed on the Olympics so I’m disappointed. I thought I would get into the finals.”

Gay, who clocked a wind-assisted time of 9.68sec at the US trials, refused to blame his hamstring on the below-par performance.

“The injury was a setback to my training, but that’s no excuse because my hamstring feels fine,” he said. “I feel great, I feel strong, I feel relaxed, it just wasn’t there.”

200m final

Treasury Secretary Henry Paulson said 5 million homeowners are in mortgage delinquency or foreclosure.

Bailout type Cost to taxpayers (Source: Reuters)
Proposed Treasury Department legislation $700 billion+
Bear Stearns financing $29 billion
Fannie Mae and Freddie Mac nationalization $200 billion
AIG loan and nationalization $85 billion
Federal Housing Administration housing rescue bill $300 billion
Mortgage community grants $4 billion
JPMorgan Chase repayments $87 billion
Loans to banks via Fed’s Term Auction Facility $200 billion+
Loans from Depression-era Exchange Stabilization Fund $50 billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion
TOTAL $1.8 trillion+

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