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Showing posts from June, 2018

Trinidad Reneged, Venezuela Save, Jamaica Stab Venezuela

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Even before the 2008 recession Jamaica struggled to finance it oil imports bill. During 2008 recession oil prices peaked at US$147 per barrel and if it was not for the PetroCaribe Agreement Jamaica would have suffered more than we did. The PetroCaribe agreement allowed Jamaica to buy crude oil from Venezuela by paying only a part of the cost upfront. The PetroCaribe agreement allowed Jamaica to pay 50% down payment for oil shipments and the other 50% paid back over 25 years at 1% interest rate. This deferred 50% was invested directly into the PetroCaribe Development Fund thus converting sovereign debt into a receivable asset used for Infrastructure development. The fund is the largest domestic investor in renewable energy and independently financed a 45-megawatt wind energy project in south-central Jamaica. Written into the PetroCaribe agreement is an objective that member states should gradually reduce their dependence on fossil fuels. Since 2005, the amount of Venezuel

The Demonisation of Raheem Sterling

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The demonisation of Raheem Sterling will continue even if he wins them the Euro. He might be playing for England, but the English media has gone out of their way time and time again to highlight the fact that he is not one of them.  The British have a saying that they love to spout every chance they get: "A dog born in a stable, doesn't make it a horse". It means you are not one of us and you will never be one of us. If these people will not accept British born minorities, some 3 or 3 generation deep, as one of their own, then what chance will the Jamaican born Raheem Sterling have. Sterling will always be the Poster Child for what is wrong with English Football, it does not matter what he does and how good he does it. If they lose the Euros it will be Sterling’s fault and if they win it, then it will be because of Harry Kane (Cry 'God for Harry, England, and Saint George!) or Jack “Le coif” Grealish.  It goes against their very nature to do otherwise.  Poster