THE EDITOR: Well, the summit has come and gone. The naked emperor has worshipped at the altar of his own egoism. But at what cost? The next circus is going to be the reckoning of what costs are to be attributed to the summit and what costs are not. It’s all downhill from here. The naked emperor has shot his bolt. There are no more cards up his sleeve. Our monocrop, jazzed up plantation economy is well and truly busted. Health, education, local government services, social welfare and mek wuk employment are being severely cut back. Jobs are disappearing by the thousands and will continue to do so over the near term. Trillion dollar bonds are being floated to make up the budget deficit.
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Caring too much about image
By Raffique Shah
Sunday, April 26th 2009
PRIME Minister Patrick Manning seems surprised that so many people are angry over this country hosting the Fifth Summit of the Americas. I wrote a few weeks ago that having committed the country to the summit when he did, he no doubt thought that we could afford that $500 million or whatever the real cost was.
He must have felt, too, that just having all hemispheric Heads of Government here would boost his image as a the premier Caribbean leader. I do not dispute his reasoning that the country would benefit from world recognition, only because it was billed as the battleground between Presidents Obama and Chavez.
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Recession
Harsh reality
Central Bank Governor Ewart Williams has officially confirmed what everyone, except the Cabinet, had long known: the economy is in decline.
The starkest figure cited by Mr Williams when he released the Bank’s Monetary Policy Report last Thursday was related to unemployment. The unemployment rate has already moved from just over four percent last year to between six and seven percent in the first quarter of 2009. This means that the Government can no longer boast about having achieved zero unemployment in Trinidad and Tobago. But, as long as two years ago, economists such as Jawala Rambarran and Ronald Ramkissoon were warning that the unemployment figures were essentially illusory.
Central Bank gives banks a lending hand
Faced with stagnation and an inflation shadow, the Central Bank yesterday sliced off fifty basis points of its repo rate to eight percent, a move designed to get banks to reduce their interest rates and spur borrowing.
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Lack of a CARICOM Strategy at the Fifth Summit
By Stephen Kangal
April 24, 2009
The hosting of the recently concluded Fifth Summit of the Americas was portrayed as a CARICOM initiative and, as usual, T&T bore the full costs involved.
I am very disturbed that T&T/CARICOM did not act collectively in an effective manner to maximize returns on T&T’s huge and staggering investment. The CARICOM meeting that was scheduled for Thursday 16 April was not held. No effort was made to concretize a CARICOM strategy at the Inter-Sessional Meeting of the Heads of Government held in Belize prior to the Summit.
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Press Briefing with Evo Morales at the 5th Summit of the Americas
Bolivian President Evo Morales during a press briefing at the
5th Summit of the Americas in Port of Spain, Trinidad and Tobago
This interview has been transcribed from a translation during a press briefing featuring Bolivian President Evo Morales at the Fifth Summit of the Americas – April 18, 2009
PRESIDENT MORALES: Thank you my friends from the press. For those of you that don’t know me, I am Evo Morales Ayma, President of the nation of Bolivia. I would like to take this opportunity, first to thank you for your presence, and also to engage in a political and ideological debate that is taking place at the Summit of the Americas.
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The Summit and the lie
By Fidel Castro Ruz
April 22, 2009 – granma.cu
Some of the things that Daniel told me would be hard to believe if it was not him who told me them and it was not at a Summit of the Americas where they occurred.
The unusual thing is that there was no such consensus on the final document. The ALBA group did not sign it; that was confirmed in the last exchange with Obama in the presence of Manning and the other leaders in the morning of April 19.
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Open Veins of Latin America
Eduardo Galeano’s important earlier book, Open Veins of Latin America: Five Centuries of the Pillage of a Continent (1973) is crucial not only for an understanding of the economics of colonialism in America, but by extension makes explicit the mechanism of colonialism/imperialism worldwide.
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Post-mortem on Fifth Summit of the Americas
Dr. Kwame Nantambu
April 23, 2009
The Fifth Summit of the Americas 17-19 April 2009 in Trinidad and Tobago has come and gone; its final Declaration of Port-of-Spain was not ‘signed, sealed and delivered’ by all thirty-four participating heads of government but most importantly, hemispheric leaders totally misunderstood, misread and miscalculated the formulation of US foreign policy toward the region.
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Venezuela and ALBA Promote “New Climate” in Summit of the Americas
By Tamara Pearson
April 21st 2009
Venezuelanalysis.com
Venezuela and the countries of the Bolivarian Alternative to the Americas (ALBA) decided not to sign the final document of the Summit of the Americas held on April 17-19 in Trinidad and Tobago, saying it excluded Cuba and offered no viable solution to the current economic crisis.
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The Secret Summit
Nicaraguan President Daniel Ortega arrives for the opening
ceremony of the Fifth Summit of the Americas – April 17, 2009
By Fidel Castro Ruz
April 19, 2009
cuba.cu
Neither represented nor excommunicated, only today could I learn what was discussed at the Summit of Port of Spain. They led us all to entertain hopes that the meeting would not be secret, but those running the show deprived us of such an interesting intellectual exercise. We shall get to know the substance but not the tone of voice, the look in the eyes or the facial look that can be a reflection of a person’s ideas, ethic and character.
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