After listening to Finance Minister Colm Imbert’s 2023 budget presentation last September, I felt a certain disquiet that I have not been able to deal with satisfactorily. Something did not feel right about what he was telling the country but precisely what it was kept eluding me. Contemplating the performance …
Read More »Thompson: “He knew every inch of Territory QRC”—a man called Patrick White
I woke up one morning a few weeks ago to news that dulled the effulgence of the light that usually comes over a city like Madrid in early June. A message from my brother that Patrick White had died. “At school when we were all students it seemed normal,” my …
Read More »Thompson sees seventh heaven despite deficit, imminent Property Tax and RATT
The budget presented by the Honourable Colm Imbert, minister of finance in the current PNM administration, is his seventh such offering. Not for the first time, he has offered the country a deficit budget, to the tune of $TT9.096 billion, resulting from expenditure in the sum of $TT52.429b and revenue …
Read More »T2021 W/C: Thompson has Gayle, Fidel and McCoy in dream WI team—but wary about too many lefties
Let me say from the outset, like Michael Holding, I think the only thing missing from a T20 match is (in our case) a case or two of Carib and a pot of pelau, some bottle and spoon and a DJ, plus some ‘winer gyul’ (the IPL & the CPL …
Read More »Thompson: Why ask ‘will the Tokyo Olympics go on’? Isn’t the question ‘should it’?
The debate is over. In an official communiqué in mid-June, G7 leaders reiterated: ‘our support for the holding of the Olympic and Paralympic Games Tokyo 2020 in a safe and secure manner as a symbol of global unity in overcoming Covid-19’. Already, IOC vice-president John Coates, responding to a question …
Read More »Devaluation in time of Covid; should TT stoke its own economic Soufrière-like eruption?
Here we go again! In the Business Guardian of Thursday 8 April 2021, Joel Julien reports on the virtual Demas/Rampersad Seminar Series under the aegis of The UWI St Augustine Department of Economics. ‘Foreign Exchange Challenges in Trinidad and Tobago: What are the real implications?’ the title asks. Let us …
Read More »Can the Rowley/Imbert partnership turn looming defeat into victory?
“[…] we must get the new digital economy going. Although liquidity is overflowing at the Central Bank, private sector credit is sluggish; unemployment and underemployment are growing and results thus far from the government-sponsored stimulus loans packages to banks and credit unions have been disappointing. […]” The following is the …
Read More »Budget observations; we may be on track, but we’re not there yet
“[…] While they are yet to put it squarely to the population, for those who have eyes to see and ears to hear, it is clear that, quietly but consistently, the finance minister has been weaning the population off the comfortable, subsidised standard of living we have steadily come to …
Read More »Budget 2021 preview: Devaluation on top of Covid-19 is recipe for disaster; but agriculture can be key
“[…] To make these already bad matters worse, there was Covid-19. The unplanned relief measures put in place for this epidemic have exacerbated an already difficult budgetary position. “[…] From all appearances, having already overstayed its welcome, Covid-19 has no plans to take its leave soon… The survival strategies are …
Read More »Why Imbert must stand firm for the sake of our future economic development
“Thanks to State intervention in almost every sector of the economy over the years, we have developed and enjoyed a comfortable standard of living subsidised by the State… That has provided real opportunities for many as well as lifted large segments of the population out of poverty. “However, it has …
Read More »A PNM lapse? What 2016 LGE results say about path to future electoral success
“Neither party can claim to have made the gains required for a genuine, meaningful victory. That would have required capturing the ILP’s—and, to a lesser extent, the COP’s—space. “Combined, the ILP/COP share amounted to 133,400 votes. The UNC gained some 58,900 votes, meaning that some 74,500 votes or 21% of …
Read More »Sense make before book: Why Colm Imbert made right call with 2017 Budget
“Devalue, the book sense people insist, he must devalue! He has to let the $TT find its true value! “They know book but they don’t know chapter…” Local economist Warren Thompson takes a different view on the Minister of Finance’s 2017 Budget and tells Wired868 why he thinks Colm Imbert …
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