Insider information allegations and uncertainty
By the end of the first week of the C.L. Financial imbroglio, one wasn’t sure if the Government which managed to pass legislation to prevent serious damage to the financial system here and in the rest of the Caribbean was looking like a white knight or an artful dodger.
The backward good old days
We continue to fail to manage our present State with a chronic excuse – it’s the price of progress.
Won’t stop the Carnival
Carnival, despite its drawbacks is clearly good for the country’s economy, employing thousands on a demand basis as well as full time designers, seamstresses and craftsmen.
Less money, barrels sent back home
Caribbean economies, already walloped by high energy costs and a tourism slump, are now confronted with a new challenge- the prospect of remittances drying up in the wake of severe global recession.
Remittances – money sent back home to relatives – have helped Latin American and Caribbean governments struggling to create jobs and eradicate [...]
Will Obama end Cuban embargo in Trinidad?
United States President Barack Obama is expected to attend the talks which has an agenda which some say reads like a George W. Bush script.
Financial medicine for credit unions
The aftershocks of CL Financial’s dramatic financial woes have impacted on the grassroots credit union movement which has invested some of its TT$6 billion (approximately US$1 billion) in cash strapped Clico.
But the movement which has been plagued by its own financial scandals the most recent being the Hindu Credit Union (HCU) debacle last year, is [...]