This is a practice that Jamaicans don’t need to get involve because this business can become dangerous and even deadly. The Government need to get the root of this organization and get rid of it. (more…)

January 06, 2010.

MediaTakeOut.com gas a sad story to report. A 43 year old man that hit the lottery for $17 MILLION is now missing . . . and police fear that he was MURDERED for his money. (more…)

The Jamaica people will be placed under more pressure from new government taxation on just about everything that moves. The ruling JLP government had squandered its first two years in office by trying to show how intellectually capable it was and totally ignored the practical reality of how a country is run. Now faced with a run away deficit, high unemployment, difficulty paying its debt, high crime rate the government is responding with nothing else except taxes, taxes and more taxes.

Bank of Jamaica governor Derick Latibeaudiere has resigned suddenly after 13 years at the helm. While a new, or not so new, government has the right to choose its official representations it is bad timing for the BOJ governor to go during economic turmoils. Jamaica is now facing a crisis of too much debt burden and lack of sufficient foreign exchange. This has forced the government to do the unthinkable by running to the IMF. We  hope the resignation or firing of the governor does not do more harm to the already fragile economy.

The latest news is that over US$25 million has been hidden in a Swiss bank in Saudi Arabia Territory by Carlos Hill, the king of the Cash Plus scheme. Carlos Hill and his cronies enticed thousands to invest their cash in his company in return for super high interest rate. (more…)

NYU Business School Gets its First Black Dean

By: Floyd O. Wilson

 Tuesday, September 1, 2009

A new day another barrier is broken. The Stern School of Business at New York University, one of the premier business schools in the nation, has turned to an economics professor at Stanford University, who is also black, as its new dean.

Peter Blair Henry, a Jamaica-born Rhodes Scholar, moves to NYU in January 2010 from Stanford, where he’s currently holding the post of Konosuke Matsushita Professor of Economics. He’ll be NYU’s first black business school dean.

Henry takes over at the school with 5,700 students at a difficult time, with many people questioning the mission of business schools after last year’s financial crash, which many now believe was caused in part by greed among business leaders. Read More

It seems like it is a done deal that the government of Jamaica is going to borrow as much as 1.2 billion dollars from the International Monetary Fund (IMF). Those of us  remember the 70’s and 80’s when IMF borrowing ran havoc on the poorer class are getting nervous. Back then IMF dictated how you eat, drink, sleep and how often married people had sex and much more. It was ruthless, draconian and created massive hardship. I heard that they are much kinder and gentler now; I hope to God it is true.

Wall street No. 1  Swindler Bernie MADoff  received a 150 year jail sentence for running a multi-billion dollar Ponzi Scheme. This sentence  sets a precedent and guideline for the Jamaica judges to follow in sentencing our own Ponzi Schemer, Carlos Hill, of Cash Plus. Ponzi Scheme in layman terms is robbing from Peter to pay Paul.  Anyway, how can  a 70 odd year old man gets 150 years in prison? (more…)

Mr. Morris

Your letter to the Gleaner 6/26/09 regarding ganja production and its benefit medically as well as economical was excellent. I have thought about the same points that you have mentioned and I have come to the same conclusion, that America is being hypocritical in their decision to put pressure on Jamaicans who grow ganja. It is a shame that because America is so big and powerful that they can do anything they want to do and tell other countries what they should do. (more…)

Jamaica is suffering from a shortage of foreign exchange due to the Global financial crisis. Remittance to the Island has been reduced by 14% and the bauxite  indutry has experienced some major closures recently. If the government does not have enough foreign exchange to pay for goods and services they may be  forced to go back to the International Monetary Fund (IMF) for loans. (more…)