The USA’s bubble has burst (or is at best losing air fast). To further compound this, the USA continues to prosecute wars it can ill afford. Main Street is convinced that President Obama has access to some economic and other leavers which, in less than a year, should have been effectively manipulated to reinstate the old status and magically decrease unemployment. But think again
The International Monetary Fund (IMF) has painted a more optimistic view of the global economy in its latest World Economic Outlook (WEO) and its Global Financial Stability Reports but officials say Latin America and Caribbean growth is still at pre-crisis levels. “In 2010, world output is expected to rise by 4 percent,” the WEO report [...]
The impact of the global recession on the Latin America and Caribbean (LAC) region has been severe and wide-ranging, but the region is now better positioned to weather the current downturn and is expected to emerge from the financial crisis earlier than the advanced economies, according to the latest Regional Economic Outlook: Western Hemisphere report [...]
The announcement by the World Trade Organization that global trade last year was the worst since World War II must represent bad news for the Caribbean region. Apart from the well known struggles of the old agricultural commodities, sugar and bananas, in recent times we have heard reports that the bauxite mining and alumina processing [...]
Canada’s head of state, Governor General Michaelle Jean, has hailed the inauguration of US President Barack Obama as “a new page in the history of civilizations”. Jean, who is herself of African origin, became the first black person to be made head of state of a major Western industrialized country with her appointment in September [...]
Below is thefull text of Obama’s Inauguration speech: My fellow citizens: I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has [...]
Imagine that you were alive in the summer of 1900, living in London, then the capital of the world. Europe ruled the Eastern Hemisphere. There was hardly a place that, if not ruled directly, was not indirectly controlled from a European capital. Europe was at peace and enjoying unprecedented prosperity. Indeed, European interdependence due to [...]
Bill Gates, co-chair and trustee of the Bill & Melinda Gates Foundation, has strongly urged the incoming Obama administration and new Congress to renew America’s commitment to expand opportunity in the United States and in the developing world. Giving a major foundation policy address in Washington, DC, at George Washington University, Gates argued that even [...]
Sorious Samura catches shop-keepers selling aid. Where I come from in West Africa, we have a saying: “A fool at 40 is a fool forever”, and most African countries have now been independent for over 40 years. Most are blessed with all the elements to help compete on a global stage – abundant natural resources, [...]
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