Category: Economics

Caribbean Cruise Port ‘Held Hostage’

Go Lean Commentary

So you think you’re independent?

The twin-island nation of Antigua & Barbuda was granted independence from the United Kingdom on 1 November 1981. This status allows them to govern their own country; make decisions that they feel are in the best interest for their nation.

But the primary industry in this country is tourism. So this means that there is dependence on external (foreign) stakeholders to provide transportation solutions, travel agency, lodging and/or leisure cruises. So the country’s attitude should never be arrogant, haughty or uncooperative. They cannot approach any negotiation with a cruise line with this attitude:

“My way or the Highway”!

The cruise line response would resemble some rendition of this spirit:

Hold my beer!

This is what is happening in some re-negotiations between Antigua and Carnival Cruise Lines. As reported by the Antigua Daily Observer newspaper on February 26, 2019, Prime Minister Gaston Browne accuses Carnival and the entire Florida-Caribbean Cruise Association (FCCA) of “exploiting Caribbean countries for lower visitor tax rates [(head tax)]”.

The country is attempting to influence this corporation with their offering of only one port-of-call – 2 piers in St. John – while the full region is 30 member-states. Rather than single government negotiations, the 2013 book Go Lean …Caribbean asserts that the region must adopt a collective bargaining strategy among the full universe of Caribbean ports-of-call, introducing the Caribbean Union Trade Federation (CU) as a collective bargaining agent. The book states (Page 32):

Cruise Line Collective Bargaining – Setting Matters Straight
The CU will collectively bargain with operators to garner more benefits and protections. In general, port cities are not gleaning much income from ship visits. In order to reboot the industry’s economic impact, changes need to be made, rescinding some exploitive rules the ships implemented and adding some new products, like smartcard e-purse options.

Carnival Cruise Line is overmatched compared to the small island nation of Antigua. The holding company, Carnival Corporation, is identified as a significant stakeholder in the global cruise industry in general and Caribbean tourism in particular; they own/market all of these cruise line brands (10):

  • Carnival Cruise Lines
  • Holland America
  • Cunard
  • Princess
  • P&O Cruises
  • P&O Cruises Australia
  • The Yachts of Seabourn
  • Costa Cruises
  • AIDA
  • IberoCruceros

To compete, Antigua needs interdependence with their Caribbean neighbors – confederation and collective bargaining. Carnival is holding Antigua hostage. See the news article here reporting this drama, and an aligning VIDEO:

Title: More Cruise Lines Pull Out of Caribbean Port
By: Ben Souza
A few days ago, Cruise Fever reported that Carnival Cruise Line had canceled all port stops to Antigua. Now, additional cruise lines have pulled out of the Caribbean port according to the Antigua Observer.

In addition to Carnival Cruise Line, Holland America Line and luxury line Seabourn have canceled future port stops in Antigua. All three cruise lines operate under the Carnival Corporation umbrella.

These two new cruise lines that canceled port stops each had two cruise ships scheduled to visit the Caribbean port during the next Caribbean season.

Why have these three cruise lines canceled their scheduled calls to Antigua? The cruise lines have stated that government officials have made the cruise lines feel unwelcome.

These new cancelations were somewhat expected. The Prime Minister gave the following statement when Carnival Cruise Line first announced they were pulling out of the port:

    “Once Carnival has started the cancellation, unfortunately, I expect to see cancellations from all of its brands. I wouldn’t be surprised to see Princess, Holland America, Seabourn and other European Lines making cancellations going forward.”

Antigua is a popular cruise destination in the Southern Caribbean, especially during winter months.

Cruise ships that have canceled a port stop in Antigua will visit an alternative port.

Cruise Fever will have all new information about this developing situation in Antigua when it becomes available.

Source: Posted and retrieved March 17, 2019 from: https://cruisefever.net/more-cruise-lines-pull-out-of-caribbean-port/

—-

Ben Souza has written thousands of articles on cruising and currently takes between 8-10 cruises a year. His writings have appeared and been cited in various media outlets such as Yahoo News, MSN, NPR, Drudge Report, CNN, and ABC News. Ben currently resides in Cincinnati, Ohio. Visit Ben Souza on Linkedin. You may email Ben at Ben@cruisefever.net.

—————–

VIDEO – Update: Antigua Government To Meet With Carnival Over Cruise Cancellations – https://youtu.be/3CQzQb_2vUQ



Travelling with Bruce

Published on Mar 16, 2019 – Update: Antigua Government To Meet With Carnival Over Cruise Cancellations Norwegian Cruise Lines and MSC Cruises have both backed the government and have committed to sailing to the country going forward. After Prime Minister Browne contacted Carnival’s CEO the two parties have agreed to have a face to face meeting with each other to try to resolve their differences. #antigua #carnivalcruiselines #norwegiancruisenews #mscnews #globalportsholdings #antiguanews #caribbeancruise #hollandamericanews #seabournnews #cruisenews

We told you! Any Way Forward for better cruise line negotiations must include collective bargaining. This theme aligns with previous blog-commentaries from the movement behind the Go Lean book; see a sample list here:

https://goleancaribbean.com/blog/?p=16645 Bad Partners – Cruise Lines Interactions
https://goleancaribbean.com/blog/?p=15380 Industrial Reboot – Cruise Tourism 2.0
https://goleancaribbean.com/blog/?p=11544 Forging Change in the Cruise eco-system: Collective Bargaining
https://goleancaribbean.com/blog/?p=6635 Security Chip in credit cards unveiled: Now Ready for Cruise eco-system
https://goleancaribbean.com/blog/?p=5210 Cruise Ship Commerce – Getting Ready for Change

We warned, alerted and cautioned you Caribbean stakeholders that “Big Cruise Line Abuse” would happen. Carnival seems to be counting on our disunity. This is not just our thoughts alone; others have opined:

Carnival holds all of the cards in situations like this.  The notion that a sovereign country like Antigua is an equal “partner” to an 800 pound gorilla like Carnival is fanciful.  If a cruise line can make a better deal with an island next door, which charges a lower head tax, has fewer environmental restrictions, or is willing to foot the bill for a larger dock, then it’s ‘see ya later’ as far as the cruise line goes.” – Source: CruiseLawNews

The solution (Way Forward) for this type of one-sided negotiation advantage is not secretive or proprietary; rather it is the stated purpose of the Go Lean book and this resultant roadmap: “Come together“; collaborate; consensus-build and confederate.

Prime Minister Browne explained that the only way for small countries like Antigua to fight the FCCA is to form a regional port facility.

“Unless the entire Caribbean comes together and forms a regional port facility and mandate that [the Cruise Associations] pay more, we will continue to end up in problems and have to subsidise that sector …” – Source: CruiseLawNews

Yes, we can … come together and make our homeland a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 11 – 13):

vi. Whereas the finite nature of the landmass of our lands limits the populations and markets of commerce, by extending the bonds of brotherhood to our geographic neighbors allows for extended opportunities and better execution of the kinetics of our economies through trade. This regional focus must foster and promote diverse economic stimuli.

viii. Whereas the population size is too small to foster good negotiations for products and commodities from international vendors, the Federation must allow the unification of the region as one purchasing [or bargaining] agent, thereby garnering better terms and discounts.

x. Whereas we are surrounded and allied to nations of larger proportions in land mass, populations, and treasuries, elements in their societies may have ill-intent in their pursuits, at the expense of the safety and security of our citizens. We must therefore appoint “new guards” to ensure our public safety and threats against our society, both domestic and foreign. The Federation must employ the latest advances and best practices … to assuage continuous threats …

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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Uber: A Better ‘Mousetrap’

Go Lean Commentary

There is a popular business idiom:

Build a better mousetrap and the world will beat a path to your door.

This has been proven true time and again. Think:

  • Digital photography better than chemical photo-finishing.
  • Wireless touch-tone phones better than wired handset dial phones.

Now, we are learning that car-ride-sharing solutions – like Uber or Lyft – are actually working successfully. They are faster, better and cheaper than other transportation options, like taxi’s and rental cars.

Rental cars?

This was the test/comparison in the VIDEO below. For the sake of this exercise, a news correspondent and his producer, started at the same origin to go to the same destination; one by Uber and the other via a rental car. For every category of comparison, the Uber option out-performed the rental car: faster, better, cheaper. See the VIDEO here:

VIDEO – Ride-sharing vs. car rental: Which is best for your vacation? – https://www.today.com/video/ride-sharing-vs-car-rental-which-is-best-for-your-vacation-1456378435570

Posted March 12, 2019 – March is the month when many head out on vacation to escape to warmer climates. But here’s a question of dollars and cents: Does it make more sense to rent a car on your getaway or get around via a ride-sharing app? NBC’s Kerry Sanders investigates.

This is not some exercise in futility. For the Caribbean, we must pay more than the usual attention to this experience. The city in focus for this exercise is the tourist mecca of Orlando, Florida, home to Super Theme Parks: Disney World and Universal Studios. This exercise therefore relates to any tourist destination. This means us in the Caribbean, where tourism is our primary industry. The oft-reliable jobs of taxi drivers may soon be less reliable.

But, it might be argued that local governments can simply ban ride-sharing companies like Uber, Lyft, etc..

Alas, the “genie is out-of-the-bottle”; ICT or Internet Communications Technologies (and smartphones) make messaging and electronic commerce seamless and effortless. This is likened to holding back the tides. Resistance is futile!

The Change Agent cometh!

The book Go Lean … Caribbean identified the following 4 primary Change Agents that are devastating the Caribbean region:

The book asserts that no one Caribbean member-state can tackle any of these challenges alone; there is an urgent need – a Clear and Present Danger – to convene, collaborate, consolidate and confederate the response to these modern challenges – we need the economies-of-scale. This theme aligns with many previous Go Lean blog-commentaries; see a sample list here:

https://goleancaribbean.com/blog/?p=14191 Scheduling in the ‘Gig Economy’
https://goleancaribbean.com/blog/?p=8262 UberEverything in Africa
https://goleancaribbean.com/blog/?p=1364 Uber Demonstrations Snarl Traffic from London to Berlin
https://goleancaribbean.com/blog/?p=2571 More Business Travelers Flocking to Shared Economy and AirBnB
https://goleancaribbean.com/blog/?p=2126 Where the Jobs Are – Computers Reshaping Global Job Market
https://goleancaribbean.com/blog/?p=486 Temasek firm backs Southeast Asia cab booking app

Uber is NOT in many Caribbean member-states … yet.

“A rose by any other name would be just as sweet”.

What prevents any other company, innovator and/or entrepreneur from doing ride-sharing in the mode of Uber? Nothing! It is imminent, whether regulated or not.

Just watch!!!

Wait, instead of watching change derail our economic engines, the movement behind the Go Lean book asserts that “we” need to make change happen to enhance our economic engines. Lives and livelihoods are at stake.

Be the change we want to see in the world.

Taxi cabs and rental cars will be affected in the Shared/Gig Economy.

Don’t wait until it rains to obtain an umbrella.

The Caribbean region has been devastated from “the rain”, external factors: global economic recession, globalization and rapid technology changes. Have no fear, the Go Lean roadmap posits that this “crisis would be a terrible thing to waste“.

We can get ahead of these changes; we can innovate our economy and create new job and entrepreneurial opportunities. Being proactive and reactive to real changes in the real world will help to make our homeland a better place to live, work and play. We urged every Caribbean stakeholder to lean-in to this Go Lean roadmap.  🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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Exploring Medical School Opportunities … as Economic Engines

Go Lean Commentary

“Birds of a feather flock together” – Old Adage

Is this true?

Can we use this actuality to explore economic opportunities for our communities?

The reality is that Medical Schools average over $300,000 in tuition for a 4-year education; ($60,000/yr). Imagine 3,000 students. That’s a lot of economic opportunity; that’s $180 million annually added to a community’s GDP just based on tuition. Imagine too, room-and-board, extra-curricular activities and spending by visitors to the campus and students.

Economics = supply and demand dynamics; fulfilling the outstanding demand for some financial remuneration.

Now that we have your attention for the supply-side of Medical Education, how realistic is it to explore opportunities on the demand-side? (Unfortunately, this industry and demographic have seen abuse; thus the need for a new technocratic stewardship).

Since “birds of a feather flock together”, “we” assert that there is a great opportunity right now to attract and foster medical students from the African-American communities in the US to our Caribbean destinations. See a recent news article story here relating this overarching need:

Title: After decades of effort, African-American enrollment in medical school still lags
By:
Jayne O’Donnell and David Robinson, USA TODAY NETWORK

WASHINGTON – Gabriel Felix is on track to graduate from Howard University’s medical school in May. 

The 27-year-old from Rockland County, N.Y., has beaten the odds to make it this far, and knows he faces challenges going forward.

He and other black medical school students have grown used to dealing with doctors’ doubts about their abilities, and other slights: being confused with hospital support staff, or being advised to pick a nickname because their actual names would be too difficult to pronounce.

“We’re still on a steady hill toward progress,” says Felix, president of the Student National Medical Association, which represents medical students of color. But “there’s still a lot more work to do.”

After decades of effort to increase the ranks of African-American doctors, blacks remain an underrepresented minority in the nation’s medical schools.

USA TODAY examined medical school enrollment after the wide coverage of the racially controversial photo that appeared in the 1984 Eastern Virginia Medical School yearbook entry of Virginia Gov. Ralph Northam. The picture showed one person in blackface and another in a Ku Klux Klan hood and robe.

The proportion of medical students who identified as African-American or black rose from 5.6 percent in 1980 to 7.7 percent in 2016, according to the Association of American Medical Colleges. That’s a substantial increase but still short of the 13.2 percent in the general population.

The disparity matters, physicians, students and others say, because doctors of color can help the African-American community overcome a historical mistrust of the medical system – a factor in poorer health outcomes for black Americans.

“It’s been a persistent, stubborn racial disparity in the medical workforce,” says Dr. Vanessa Gamble, a professor at George Washington University. “Medical schools have tried, but it also has to do with societal issues about what happens to a lot of kids in our country these days.”

Those who have studied the disparity blame much of it on socioeconomic conditions, themselves the legacy of systemic racism. African Americans lag other Americans in household income and educational opportunity, among other indicators.

Medical schools and professional organizations have tried to boost enrollment and graduation rates by considering applicants’ socioeconomic backgrounds when reviewing grades and test scores, connecting doctors of color with elementary and middle schools and awarding more scholarship money.

They’ve achieved some success: The number of medical students who identified as African-American or black grew from 3,722 in 1980 to 6,758 in 2016, an 82 percent increase.

Individual schools have outperformed their peers.

Eastern Virginia Medical School has increased the enrollment of students of color since then. In 1984, 5 percent of M.D. students identified as black, the only category then available. In the school’s most recent class, 12.4 percent identified as African, African-American, Afro-Caribbean or black.

But further progress toward a more representative student body nationwide remains elusive. That’s due largely to the high cost of medical school – student loans average $160,000 and can take decades to pay off – and the attraction of other professional options available to the strongest minority students that cost less and require fewer years of training.

The benefits of greater enrollment could be considerable: Studies show that having more black doctors would likely improve black health in the United States. Many African-Americans remain mistrustful of the health care system, with some historic justification, and so are less likely than others to seek preventative or other care.

Gamble knows the phenomenon as well as anyone. She chaired a committee that investigated the Tuskegee Syphilis Study, the notorious experiment conducted by the U.S. Public Health Service from 1932 to 1972. Researchers withheld treatment from a group of black men with syphilis to study the progress of the disease, jeopardizing their health and that of their sexual partners.

Building pipelines to medical school
Universities are working to boost minority enrollment and increase the likelihood that students will stay in school and pass the exams required to graduate and get licensed to practice.

Dr. Thomas Madejski, president of the Medical Society of the State of New York, says efforts such as the American Medical Association’s Doctors Back to School program, in which physicians of color visit grade schools, help encourage minority students consider careers in medicine.

But he cautions that such programs don’t address all of the socioeconomic hurdles confronting African Americans.

“I think we may have to relook at some of the factors that may still be barriers and create some new initiatives to overcome those and get the citizens of the U.S. to have the physician workforce that they want and need,” Madejski says.

His group and others are pushing for tuition relief and expansion of scholarship programs for underrepresented groups.

Felix, the Howard student, calls for more outreach by physicians of color, particularly in African American communities.

Felix’s parents are from Haiti, where black doctors are a common sight. They could easily envision the career for their son. Felix says African-American parents might discourage their children.

Dr. Mia Mallory is associate dean for diversity, equity and inclusion at the University of Cincinnati medical school.

“Patients do better when they are taken care of by people who look like them,” she says. “So we’re trying to grow talented physicians that look like them and are more likely to go back into the community they came from.”

Some of what’s being done:

► New York. About a third of the state’s population is black and/or Latino, but only 12 percent of doctors in practice are. The decision of New York University’s decision to offer free tuition to medical students who maintain a certain grade point average has more than doubled the number of applicants who identify as a member of a group that’s underrepresented in medicine.

Associated Medical Schools of New York, which represents the state’s 16 public and private medical schools, says several programs give college students academic help, mentoring or other aid, and guarantee medical school acceptance upon completion.

About 500 practicing physicians from underrepresented groups graduated from one of these programs at University at Buffalo.

These were “kids who otherwise never would have gotten into medical school,” says Jo Wiederhorn, president of Associated Medical Schools of New York.

The share of black and Latino students at medical school rose from 13.5 percent in the 2010-11 school year to 15.4 percent for the past school year, Wiederhorn said.

► Maryland. University of Maryland, Baltimore County, produces more African-Americans who go on to earn dual M.D./Ph.D. degrees than any college in the country.

Its Meyerhoff Scholars program selects promising high school students for a rigorous undergraduate program that connects them with research opportunities, conferences, paid internships, and study-abroad experiences. The program is open to all people, but nearly 70 percent of the scholars are black.

The university also sends students in its Sherman Scholars program to teach math and science in disadvantaged elementary schools in the Baltimore area. That helps build an early pipeline to the university and its science and math programs.

UMBC President Freeman A. Hrabowski III says, “We’re going to find some prejudice wherever we go.” But he prefers to look for solutions that keep students of color in math and science, which increases their chances of medical school acceptance.

► University of Cincinnati. The College of Medicine welcomed the largest group of African-American men in its history last year at 10 – an important milestone, given the gender gap within the few black doctors.

Mallory says the school looks at students’ applications “holistically,” considering “what it took for them to get where they are.” That includes whether they had to work while they were in college and whether they had access to tutors.

The school’s Office of Diversity and Inclusion hired Dr. Swati Pandya, a physician and learning specialist, to teach medical school students how to take standardized tests and improve study habits.

All of the school’s third-year students last year passed the first of their medical licensing exams, achieving the highest average in the school’s and the highest of any medical school in the state.

Why so few?

Dr. Georges Benjamin executive director of the American Public Health Association, cites the criminal justice system’s targeting of young black men and the pull of other professions for others.

“The cream of the crop has a broader portfolio of things they can do,”  Benjamin says. “They can go into other disciplines, including MBA and law programs.”

Dr. Garth Graham is a cardiologist by training, but in a nearly 20-year career, he has become something akin to a doctor of disparities.

A former assistant secretary in the U.S. Department of Health and Human Services’ Office of Minority Health, he’s Aetna’s vice president of community health and president of the Aetna Foundation.

He also chairs the Harvard Medical School Diversity Fund, which supports science, technology, engineering and math education and other support for minority students and faculty members in kindergarten through grade 12.

The National Bureau of Economic Research studied African-American men’s use of preventive health services when they had black and non-black doctors. The bureau reported last year that black doctors could reduce black men’s deaths from heart disease by 16 deaths per 100,000 every year. That would reduce the gap between black and white men by 19 percent.

Black doctors “bring a cultural understanding because of their background in their communities,” Graham says. “Relatability is important in patient-doctor relationships.”

Contributing: Shari Rudavsky, The Indianapolis Star 

Source: Posted February 28, 2019; retrieved March 1, 2019 from: https://www.usatoday.com/story/news/health/2019/02/28/medical-school-student-african-american-enrollment-black-doctors-health-disparity/2841925002/

Since 29 of the 30 member-states of the Caribbean boast a majority Black population, it should be a natural assimilation to invite Black American students to Caribbean campuses.

By the way, this is being done already! There are medical colleges and universities operating in Caribbean communities right now that do a good job of providing the needed educational training and experience (internships). See the list of campuses in Appendix A below. Some schools have an impressive track record of success with testing and examinations on medical boards. Many alumni get residency in the US as International Medical Graduates.

This theme of medical education eco-system has been elaborated in previous blog-commentaries from the movement behind the book Go Lean … Caribbean; see a sample list here:

https://goleancaribbean.com/blog/?p=15543 Ross University Saga – Search for a New Home
This medical school actually had to move from their Dominica campus due to Hurricane Irma’s devastation in 2017. They created a new campus in Barbados.
https://goleancaribbean.com/blog/?p=15310 Industrial Reboot – Trauma 101
A successful business model is Trauma Centers affiliated with medical schools. For example: Jackson Memorial Hospital / University of Miami / Ryder Trauma Center (Miami, Florida).
https://goleancaribbean.com/blog/?p=13472 Future Focused – College, Caribbean Style
There is a comprehensive tertiary education eco-system already in the region.
https://goleancaribbean.com/blog/?p=9724 Bahamas Welcomes the New University
But no medical education option. HHMMmmmm?!?!?!
https://goleancaribbean.com/blog/?p=425 Low-cost Dominican surgeries spark warnings by US
Example of demand from patients for medical services.

The Go Lean book serves as a roadmap for the elevation of Caribbean economic engines. It describes an eco-system for a structure of autonomous industrial campuses branded Self-Governing Entities (SGE). These are ideal for Medical School campuses, with their exclusive regulation/promotion activities. Imagine bordered campuses – with backup power generations, autonomy for professional standards, building codes, and transportation easements from/to the campuses. The Go Lean movement (book and blogs) details the principles of SGE’s and job multipliers, how certain industries – education and medical deliveries are ideal – are better than others for generating multiple indirect jobs down the line (or off-campus) for each direct job on the SGE’s payroll.

One particular Caribbean city, the 2nd City in the Bahamas, Freeport, seems like a good candidate for medical education campuses. They have abandoned infrastructure that can be easily refurbished as educational facilities and student housing solutions.

But for the Bahamas to even contemplate such ventures in educational facilities, they have some heavy-lifting to do; they must first correct societal defects that deter young adults from their markets. Consider:

There is an organized movement to promote medical education in the Black community; see the foregoing news article above and the VIDEO about the Student National Medical Association in Appendix B below. Why is this important? It means economic opportunities (jobs and entrepreneurship) and better health deliveries. This is all good!

Yes, medical education – as a delivery, vocation and occupation – can facilitate better overall environments; “it” can help make our homeland a better place to live, work, learn, heal and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

———–

Appendix A – List of Caribbean Medical Schools

Country or territory School Established Degree Regional/offshore WDMS CAAM-HP Other Accreditations
Anguilla(UK) Saint James School of Medicine 2010[6] MD Offshore Yes[7] CAAM-HP Probation[8]
Antigua and Barbuda American University of Antigua 2004 MD Offshore Yes[9] CAAM-HP[8] NYSED,[10]
Metropolitan University College Of Medicine 2018 MD Offshore Yes
University of Health Sciences Antigua School of Medicine 1983 MD Offshore Yes No
Aruba (NL) American University School of Medicine Aruba 2011 MD Offshore Yes Aruba Ministry of Education
Aureus University School of Medicine 2004 MD Offshore Yes No
Xavier University School of Medicine 2004 MD Offshore Yes CAAM-HP[8] ACCM[11]
Barbados American University of Barbados School of Medicine 2011 MD Offshore Yes CAAM-HP Initial Provisional[8]
American University of Integrative Sciences 1999 MD Offshore Yes No
Bridgetown International University 2017 MD Offshore Yes
Victoria University of Barbados 2017 MD Offshore Yes
Ross University School of Medicine 1978 MD Offshore Yes[12] CAAM-HP[8] NYSED,[10] Medical Board of Dominica
Washington University of Barbados 2015 MD Offshore Yes No
University of the West Indies Faculty of Medicine (Cave Hill) 1967 MBBS Regional Yes CAAM-HP[8]
Belize Central America Health Sciences University Belize Medical College 1996 MD Offshore Yes No Belize Ministry of Education
Washington University of Health & Science 2005 MD Offshore Yes No Belize Ministry of Education
Cayman Islands (UK) St. Matthew’s University School of Medicine 2002 MD Offshore Yes[13] No NYSED,[10] ACCM[11]
Cuba Escuela Latinoamericana de Medicina 1999 MD Offshore Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Ciego de Avila 2000 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Cienfuegos 1990 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Granma 1982 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Holguin 1976 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Las Tunas 1986 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Matanzas 1969 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Pinar del Rio 1976 MD Regional Yes No Cuban Ministry of Higher Education
Facultad de Ciencias Medicas Sancti Spiritus 1994 MD Regional Yes No Cuban Ministry of Higher Education
Instituto Superior de Ciencias Medicas de La Habana 1976 MD Regional Yes No Cuban Ministry of Higher Education
Instituto Superior de Ciencias Medicas de Santiago de Cuba 1962 MD Regional Yes No Cuban Ministry of Higher Education
Instituto Superior de Ciencias Medicas de Villa Clara 1966 MD Regional Yes No Cuban Ministry of Higher Education
Universidad de Ciencias Medicas de Camaguey 1968 MD Regional Yes No Cuban Ministry of Higher Education
Universidad de Ciencias Medicas de Guantanamo 1982 MD Regional Yes No Cuban Ministry of Higher Education
Curacao(NL) Avalon University School of Medicine 2003 MD Offshore Yes[14] CAAM-HP No[8] Government of Curacao
Caribbean Medical University School of Medicine 2007 MD Offshore Yes CAAM-HP Denied[8]
John F. Kennedy University School of Medicine 2014 MD Offshore Yes No Government of Curacao
St. Martinus University Faculty of Medicine 2000 MD No Yes
Dominica All Saints University School of Medicine 2006 MD Offshore Yes No
Dominican Republic Instituto Tecnológico de Santo Domingo Escuela de Medicina 1972 MD Regional Yes CAAM-HP[8] Ministry of Higher Education, Science and Technology
Pontificia Universidad Católica Madre y Maestra Departamento de Medicina 1976 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Autónoma de Santo Domingo Departamento de Medicina 1538 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Católica Nordestana Facultad de Ciencias Medicas 1978 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Católica Tecnológica del Cibao Escuela de Medicina 1983 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Central del Este Escuela de Medicina 1970 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Iberoamericana (UNIBE) Escuela de Medicina 1982 MD Offshore Yes No Ministry of Higher Education, Science and Technology
Universidad Nacional Pedro Henríquez Ureña Escuela de Medicina 1966 MD Regional Yes No Ministry of Higher Education, Science and Technology
Universidad Tecnológica de Santiago Escuela de Medicina, Santiago de Los Caballeros 1979 MD Regional Yes No Secretary of State for Higher Education, Science and Technology
Universidad Tecnológica de Santiago Escuela de Medicina, Santo Domingo 1981 MD Regional Yes No Ministry of Higher Education, Science and Technology
France University of the French West Indies 2015 MD Regional Yes[15] No
Grenada St. George’s University School of Medicine 1977 MD Offshore Yes[16] CAAM-HP[8] Grenada Ministry of Health, NYSED,[10]
Guyana University of Guyana 1985 MBBS Regional Yes CAAM-HP[8]
American International School of Medicine 1999 MD Offshore Yes No World Health Organization; Ministry of Education and Health (Guyana); NAC (National Accreditation Council) of Guyana[17]
Georgetown American University 2013 MD Offshore Yes No NAC (National Accreditation Council) of Guyana[17]
Lincoln American University 2016 MD Offshore Yes No NAC (National Accreditation Council) of Guyana,[18]World Directory of Medical School,[19] Foundation for Advancement of International Medical Education and Research,[20] Educational Commission for Foreign Medical Graduates (ECFMG)[20]
Texila American University 2010 MD Offshore Yes CAAM-HP Denied[8] NAC (National Accreditation Council) of Guyana,[17] World Directory of Medical School
Alexander American University 2015 MD Offshore No No
Haiti Université d’Etat d’Haïti Faculté de Médecine 1867 MD Regional Yes No
GreenHeart Medical University 2007 MD Offshore No No World Health Organization; Ministry of Education and Health (Guyana); NAC (National Accreditation Council) of Guyana[17]
Université Lumière Faculté de Médecine 2006 MD No No
Université Notre Dame d’HaïtiFaculté de Médecine 1997 MD Regional Yes No
Université Quisqueya Faculté des Sciences de la Santé 2002 MD Yes No
Université Joseph Lafortune Faculté de Médecine 2005 MD Regional Yes[21] No
Jamaica All American Institute of Medical Sciences 2011 MD Offshore Yes[22] CAAM-HP Withdrawn[8]
University of the West Indies Faculty of Medicine (Mona) 1948 MBBS Regional Yes CAAM-HP[8]
Montserrat(UK) Seoul Central College of Medicine 2003 MD Offshore Yes No
University of Science, Arts and Technology Faculty of Medicine 2003 MD Offshore Yes CAAM-HP No[8]
Saba (NL) Saba University School of Medicine 1994 MD Offshore Yes[23] No NYSED,[10] NVAO[24]
Saint Kitts and Nevis International University of the Health Sciences (IUHS) 1998 MD Offshore Yes No Accreditation Board of Saint Kitts and Nevis[17]
University of Medicine and Health Sciences 2008 MD Offshore Yes No Accreditation Board of Saint Kitts and Nevis[17] ACCM[11]
Medical University of the Americas 1998 MD Offshore Yes[25] No ACCM,[11] NYSED[10]
Windsor University School of Medicine 2000 MD Offshore Yes CAAM-HP No[8] Accreditation Board of Saint Kitts and Nevis in the Caribbean[17]
Saint Lucia American International Medical University 2007 MD Offshore No CAAM-HP Denied[8]
Atlantic University School Of Medicine (AUSOM) 2010 MD Offshore No[26] No
College of Medicine and Health Sciences/aka Destiny University 2001 MD Offshore Yes No Provisional Accreditation from the Government of Saint Lucia
International American University College of Medicine 2003 MD Offshore Yes CAAM-HP[8] Ministry of Education, Saint Lucia
Spartan Health Sciences University 1980 MD Offshore Yes CAAM-HP[8] Ministry of Education, Saint Lucia
Washington Medical Sciences Institute 2011 MD Offshore Yes No
Saint Vincent and the Grenadines All Saints University School of Medicine 2011 MD Offshore Yes[27] CAAM-HP No[8] Recognized by Canadian Government of Designated Educational Institutions,[28] Considered a qualified Institution by the General Medical Council (UK),[29]recognized by the Ministry of Health and Ministry of Education, St. Vincent and the Grenadines,[30] IMED
American University of St Vincent School of Medicine 2012 MD Offshore Yes No National Accreditation Board (NAB) of the Government of St. Vincent and the Grenadines[31]
Saint James School of Medicine 2014[6] MD Offshore Yes[32] CAAM-HP Probation[8] National Accreditation Board (NAB) of the Government of St. Vincent and the Grenadines[33] WCFMG.
Trinity School of Medicine 2008 MD Offshore Yes CAAM-HP[8] National Accreditation Board (NAB) of the Government of St. Vincent and the Grenadines[34]
Sint Maarten(NL) American University of the Caribbean School of Medicine 1978 MD Offshore Yes[35] No NYSED,[10] ACCM[11]
Trinidad and Tobago University of the West Indies Faculty of Medicine (St. Augustine) 1967 MBBS Regional Yes CAAM-HP[8]

Source: Retrieved March 1, 2019 from: https://en.wikipedia.org/wiki/List_of_medical_schools_in_the_Caribbean

———-

Appendix B VIDEO – Student National Medical Assoc 2016 “Rep Your Region” – https://youtu.be/jsHys6jEOUo

SNMA Region III

Published on Aug 7, 2016

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Cuba’s Progress: New Constitution

Go Lean Commentary

There are 30 member-states in the Caribbean; they all embrace a “Free Market” ideology in some way; but one of them is different; this is Cuba. This country features a communist governmental structure, unique for our region. This affects more than just governance, as communism features a comprehensive philosophical, social, political, and economic ideology.

What does communism really mean?

Classically, it is a socioeconomic order structured upon the common ownership of the means of production (inputs, factories and infrastructure used in the production of economic value) and the absence of social classesmoney,[3][4] and the state.[5]

In Cuba however, communism can be defined as just anti-American. Their 1959 Revolution was a rejection of the societal defects of that day, which highlighted two major social classes that became irreconcilable in the country. The two classes are the working class — those who work for a living; they make up the majority within society—and the capitalist class — a minority who derives profit from employing the working class through private ownership of the means of production; this capitalist class was heavily backed by American interest and many times reflected American direct investors. The Cuban revolution put the “working class” in power and established social ownership of the means of production in Cuba, which is the primary element in any transformation of a society towards communist principles and theory.[8]

After a 60 year experiment with communism, Cuba is progressing away from its previous ideology (and failures). We have observed-and-reported on this trend during the last 5 years. But rather than just being a trend, Cuba is now codifying this progress in the country’s constitution.

See the full story and VIDEO here, published before the referendum on Sunday February 24, 2019; (the results: the measure passed by 87 percent):

Title: Cubans vote on new constitution to replace Cold War-era charter
Sub-title:
Vote presents ‘unique opportunity’ to show how many Cubans voice dissent, analysts say.
By: Heather Gies

Cubans began voting on Sunday in a referendum on a draft constitution to update its 1976 charter on the heels of significant economic reforms on the island over the past few years.

The new constitution, approved in the National Assembly late last year after a popular consultation, enshrines private property and promotes foreign investment. State enterprise remains the cornerstone of the economy, though the new constitution dictates state-owned companies have autonomous management.

On the political front, the document limits the president to two consecutive five-year terms, but does not open the door for Cubans to elect the president directly. The Communist Party remains the central political force in a one-party system.

Jose Jasan Nieves, editor at the non-state media outlet El Toque, told Al Jazeera by legalising economic measures put in practice in recent years, the new constitution “adapts” to a set of reforms already under way.

“This is the first opportunity the Cuban people will have in 43 years to express ‘yes’ or ‘no’ in the face of a government programme,” he said. “That is a unique opportunity because it will allow us to know what percentage of the Cuban society will start to express dissent.”

He estimated one-quarter of voters could reject the new constitution.

‘Most Cubans hoping for more’
Eight million Cubans are eligible to vote on Sunday. The polls will close at 6pm (23:00 GMT) local time. More than 225,000 electoral authorities will oversee the vote, while some 200,000 students will steward the ballot boxes.

The electoral commission will release preliminary results in a press conference Monday at 3pm local time (20:00 GMT).

“This constitution is a step forward, we cannot deny that. But I think most Cubans were hoping for more,” Camilo Condis, an entrepreneur in Havana, told Al Jazeera. “Most of the changes in the Constitution are to legalise what was already happening in the country.”

Economic reforms introduced under former President Raul Castro in 2010 and 2011 to encourage self-employment and entrepreneurship “helped to boost the private sector”, said Condis, who rents out a residence and works as a contractor for restaurants. But he added that the rollback in US-Cuban relations under President Donald Trump has created fresh challenges.

Now, he sees the Cuban government’s approach to private enterprise as an effort to “regulate but not shrink the private sector”. Close to 600,000 people are currently self-employed in Cuba, up from 150,000 in 2010.

For Maria Jose Espinosa Carrillo, director of programmes and operations at the Washington-based Center for Democracy in the Americas, one of the positive outcomes of drafting the new constitution has been the public debate that grew out of a three-month consultation process. Nearly nine million people attended public meetings to discuss an earlier draft of the Constitution, putting forward more than 700,000 proposals.

“For the first time, people had the opportunity to debate on issues that hadn’t been part of grassroots debates before,” Espinosa Carillo told Al Jazeera. “This, together with access to the internet, has brought new platforms for discussion that was previously not public.”

She expects such public debate to be an “increasing trend”, especially through new digital media outlets, Twitter, and other online platforms.

After the popular consultation, the drafting commission made 760 changes to the draft constitution, revising about 60 percent of articles in the document.

Critics say it was not clear how the commission evaluated and incorporated feedback. More than 11,000 proposals called for a direct vote for the president, for example, but the suggestion was not included in the text.

‘Space and visibility’ to tensions
Meanwhile, marriage equality sparked a debate that is likely to continue after the referendum. An earlier version of the draft constitution defined marriage as a union between two people. But the final draft sidestepped outright legalisation after evangelical protests, leaving the definition of marriage to be determined in a separate referendum at a later date.

“It created a big debate, which is positive because it gave space and visibility to tensions that are happening and that people maybe weren’t even aware of,” Maria Isabel Alfonso, professor of Spanish and Cuban studies at St. Joseph’s College, New York, told Al Jazeera.

State-led mobilisations “are progressively being replaced by these spontaneous associations and ways of thinking”, said Alfonso, creator of the documentary, Rethinking Cuban Civil Society, and cofounder of Cuban Americans for Engagement, an organisation that promotes the normalization of US-Cuba ties.

“Many of them are very emphatic that they don’t want to be in the opposition because the opposition receives, in many instances, funds from the US government,” she added.

Nieves agreed the debate is “complex and varied” beyond clear cut “yes” versus “no” or government versus opposition lines.

“These sectors – journalists, intellectuals, artists, entrepreneurs, LGBTI activists, animal rights activists, religious activists – are sectors of a thriving, growing civil society that don’t necessarily have an agenda of opposition politics, but rather of participation and defence of their respective interests,” he said.

Changes to political and social rights in the Constitution include broader recognition of freedom of thought and expression, a right to request and receive information from the state, and the ability to hold dual citizenship.

The document expands non-discrimination to include on the basis of sexual orientation and gender identity in addition to sex, gender, age, ethnic origin, skin colour, religious belief, and ability. On women’s rights, the new text guarantees women’s sexual and reproductive rights and protects women from gender violence.

Cubans living abroad also were able to submit proposals for the new constitution in the public consultation process. “That was a great step to include the diaspora,” said Espinosa Carillo.

However, other than diplomats, Cubans abroad will not be allowed to vote in the referendum unless the return to the island to cast their ballots.

——

Heather Gies is a freelance journalist who writes about human rights, resource conflicts, and politics in Latin America. She is also an editor at Upside Down World.

Source: Posted February 24, 2019; retrieved February 25, 2019 from: https://www.aljazeera.com/news/2019/02/cubans-vote-constitution-replace-cold-war-era-charter-190224035045660.html 

—————

VIDEO – Cuba Constitution: Millions expected to oppose Government – https://www.aljazeera.com/news/2019/02/cubans-vote-constitution-replace-cold-war-era-charter-190224035045660.html

—————

Related:

  1. Cubans approve a new Constitution: What does the vote mean?
    Although Cubans voted overwhelmingly – 86.85 percent in favour – to approve the Constitution, Sunday’s vote saw a growing portion express dissent. 
  2. Cuba celebrates 60 years since Castro’s communist revolutionposted January 2, 2019; Retrieved Feb, 26, 2019

This referendum is a move away from “pure” communism and towards a “Free Market” economy – the constitutional changes embrace property ownership and Direct Foreign Investments while doubling-down on a more enterprising form of Socialism. The trend of Cuba progressing towards “Free Market” ideology has been observed-and-reported in many previous blog-commentaries by the movement behind the book Go Lean…Caribbean; see a sample list here (in chronological order):

https://goleancaribbean.com/blog/?p=436 Apr 2014 – Cuba Approves New “Law on Foreign Investment”
https://goleancaribbean.com/blog/?p=1609 July 2014 – Cuba mulls economic reforms in Parliament session
https://goleancaribbean.com/blog/?p=2330 Sep 2014 – ‘Raul Castro reforms not enough’, Cuba’s bishops say
https://goleancaribbean.com/blog/?p=3455 Dec 2014 – Restoration of Diplomatic Relations with Cuba
https://goleancaribbean.com/blog/?p=4506 Mar 2015 – Colorism in Cuba (Blacks making gains)
https://goleancaribbean.com/blog/?p=6664 Oct 2015 – Cuba to Expand Internet Access
https://goleancaribbean.com/blog/?p=7412 Feb 2016 – The Road to Restoring Cuba
https://goleancaribbean.com/blog/?p=9813 Nov 2016 – Fidel Castro Is Dead; Now What?
https://goleancaribbean.com/blog/?p=10201 Jan 2017 – Farewell to ‘Wet Foot/Dry Foot’ Policy for Cubans
https://goleancaribbean.com/blog/?p=14732 April 2018 – ‘Red Letter Day’ for Cuba – Raul Castro Retires
https://goleancaribbean.com/blog/?p=16364 Nov 2018 – Technology: Caribbean countries – Cuba – fully on board

The Go Lean movement has consistently asserted that change will come to Cuba (and the full Caribbean), especially now that no Castro is the Chief Executive of the country. In fact this referendum appears to be the initiative more of new President Miguel Diaz-Canel, rather than the Old Guard of Cuban leadership.

The Go Lean movement wants to prepare the full Caribbean for more inclusion of Cuba in the political, social and economic fabric of the regional society. Cuba is equal to 25 percent of the region’s population and landmass. No one can be serious about Caribbean integration with out contemplating the roles and responsibilities towards Cuba.

We are serious! In fact the Go Lean book details a full advocacy (Page 236) on reforming and transforming Cuba. The goal is to reboot this island, modeling the Marshall Plan strategies, tactics and implementations as forged in “Post WW II” Europe.

So yes, we can … again … embrace the winds of change; we must shepherd this effort to make Cuba – and all of the Caribbean – a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states, Cuba included. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xiii. Whereas the legacy of dissensions in many member-states (for example: Haiti and Cuba) will require a concerted effort to integrate the exile community’s repatriation, the Federation must arrange for Reconciliation Commissions to satiate a demand for justice.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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‘Two Pies’ for a New Caribbean – ENCORE

Here’s a known fact of life in the USA; let’s examine:

The State of Florida does not have to pay for any of the deliverables for the people in the State of Minnesota; California does not have to worry about the needs of Vermont; Pennsylvania does not have to concern themselves with Arizona; and so on.

Every state only have to address and pay for the needs of the people in their state. Anything cross-border is handled by a different entity, the US federal government.

Yes, as an individual resident, a citizen would see Two Pies while in the USA; one for their State and one for the federal government.

This model is now proposed for the member-states of the Caribbean. This is the roadmap from the 2013 book Go Lean…Caribbean. The book introduces the Caribbean Union Trade Federation (CU) which will serve as a governing entity for cross-border services and deliveries. While it has always been a point of contention that any regional integration in the Caribbean would have the richer countries paying for the poorer countries. This is a fallacy! Each member-state has their own “pie” and the CU Federal entity will have its own “pie”.

This design of Two Pies have been thoroughly detailed in a previous blog-commentary from February 23, 2017; (two years ago exactly). See an Encore of that submission here-now.

————————

Go Lean Commentary Two Pies: Economic Plan for a new Caribbean

“Get your hands out of my pocket!” – Term used by another man in the room to cause a disturbance and distraction during the killing of Malcolm X in New York on February 21, 1965 – 52 years ago this week. See VIDEO in the Appendix below.
CU Blog - Two Pies - Economic Plan for a New Caribbean - Photo 4

The words above that were shouted to cause a disturbance are riot-inducing and can cause alarm for many communities. No one wants to think that someone unauthorized and unworthy may be pilfering hard-earned funds from innocent victims.

No one wants to be that victim!

CU Blog - Two Pies - Economic Plan for a New Caribbean - Photo 2This was a point of consideration in the conception of the book Go Lean…Caribbean. There was the inspiration to conceive an economic empowerment plan for all the Caribbean that would NOT take money out of one person’s pockets and give to another … unauthorized and unworthy. The solution?

Two pockets … or two pies.

… pie as in a pie-chart; this is the graphical representation of the distribution of a budget. Pie-charts are very effective in expressing one amount in comparison to another amount. So when there are two pie-charts, it undoubtedly expresses that there are two different funds, no intermingling. That is the economic plan for the new Caribbean:

Two Pies.

CU Blog - Two Pies - Economic Plan for a New Caribbean - Photo 3b

This means that there are two different funds. The Go Lean book serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU). This is a regional integration effort to benefit the 30 member-states of the Caribbean. There are a lot of money issues to contend with – but no one person’s hands are in another person’s pockets. So all the money issues for CU are exclusive to the CU. This is true of money-economics and other facets of Caribbean life: security and governance. In total, these 3 prime directives explore the full dimensions of the roadmap:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure justice institutions and protect the resultant economic engines.
  • Improve Caribbean governance including a separation-of-powers between the member-states and CU federal agencies to support the economic and security engines.

In order to reboot the societal engines there must be these Two Pies. The CU Trade Federation is designed to lead, fund and facilitate regional empowerment plans. But the plan is NOT for the individual member-states to write checks to the CU so as to share one state’s treasuries with another state. Rather, the CU Trade Federation creates its own funding – from regionalized services – and then encumbers the funds for each member-state to deliver the economic, security and governing  mandates. This is analogized as Two Pies:

  • One ‘pie‘ to represent the existing budgets of the member-states and how they distribute their government funding between government services (education, healthcare, etc.), security measures (Police, Coast Guards)
  • One ‘pie‘ to represent the CU funding from exclusive activities (Spectrum Auctions, Lottery, Exploration Rights, Licenses, Foreign-Aid, etc.).

All in all, the book, and accompanying blogs, declare that the proposed CU Trade Federation is a new governmental layer, and thusly creates a new government budget. This is a confederation; designed to enhance the governmental deliveries for the 30 member-states. This necessity is expressed as a pronouncement in the opening Declaration of Interdependence, (Pages 10 – 11) with the following statement:

Preamble: While our rights to exercise good governance and promote a more perfect society are the natural assumptions among the powers of the earth, no one other than ourselves can be held accountable for our failure to succeed if we do not try to promote the opportunities that a democratic society fosters.

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

CU Blog - Two Pies - Economic Plan for a New Caribbean - Photo 1The vision of a confederation is an integrated Single Market for the 30 member-states of the Caribbean; this means the Dutch, English, French and Spanish speaking territories. This also includes the US territories of Puerto Rico and the US Virgin Islands. Tactically, the CU allows for a separation-of-powers between the member-state governments and the new federal agencies.

Currently the Caribbean member-states pockets are bare – these are all Third World destinations – even the US Territories of Puerto Rico and the Virgin Islands. Consider this First World comparison; consider Apple Corporation – the firm behind the iPhone, iPad, iTunes, etc. – due to their success in technology and business, they have a lot of money (cash on hand); a lot more than many Caribbean member-states … combined.

We need this CU roadmap to impact a turn-around for this region; we need the new “Pie” of the CU Single Market. The member-state’s economic engines – their “Pies” – are in crisis, but since a crisis would be a terrible thing to waste, we need to transform these economic engines for a new Caribbean by introducing the CU “Pie”, as follows:

  • Regional Capital Markets with a regional currency – Caribbean Dollar – would increase liquidity and lower the cost of capital. Rather than international debt, member-state governments and corporate institutions can avail themselves of lower financing costs, sometimes as low as 2% interest rates.
    Notice a glimpse of this vision in this previous blog-commentary:
    https://goleancaribbean.com/blog/?p=372 |  Dominica raises EC$20 million on regional securities market
  • Municipal financing – Debt by any governmental entity does not only reflect on the past, but impacts the future as well. Excessive debt can be so bad that at times the providers … and collectors of debt may be derisively called “vultures”. The CU pledges to re-purchase existing municipal debt and convert them to Caribbean Dollar instruments.
    Notice this portrayal in this previous blog-commentary:
    https://goleancaribbean.com/blog/?p=7601 |  Beware of Vulture Capitalists Commercial banking enhancements
  • Individual finance: Student Loans – Many Caribbean students obtained loans from their home countries, matriculated abroad and then never returned home. There was no return on investment and many times, no loan repayment. The CU pledges to buy outstanding loans (new, active and default) and enforce cross-border collections.
    Notice the details of this student loan crisis in this previous blog-commentary:
    https://goleancaribbean.com/blog/?p=8373 |  A Lesson in Economic Fallacies – Student Loans As Investments
  • Individual finance: Mortgages – Housing can be a great stimuli on the economy, but it is difficult for banks to recycle the capital that is tied up for 30 years without a Secondary Market. The CU pledges to deploy a Mortgage Secondary Market across the entire region (Go Lean book Page 83 and 199). This strategy will re-enforce banking within the region.
    Notice the issues associated with a dysfunctional mortgage eco-system in this previous blog-commentary:
    https://goleancaribbean.com/blog/?p=10187 |  Day of Reckoning for NINJA Loans
  • Individual finance: Retirement – Growing old in the Caribbean has become strained due to the high abandonment rate. National Pension plans depend on a macro structure where young people pay into the fund while the elderly withdraws from the fund. With so much emigration, the actuarial tables are distorted.
    Consider this previous blog-commentary that depicts a failing pension system in one member-state:
    https://goleancaribbean.com/blog/?p=2830 |  Jamaica’s Public Pension Under-funded
    … and one blog-commentary that describes how best to prosper:
    https://goleancaribbean.com/blog/?p=4222 |  Getting Rich Slowly in the Caribbean
  • Self-Governing Entities (SGE) – The Go Lean/CU roadmap features the installation of SGE’s as job-creating engines in many communities; these sites are ideal for technology laboratories, medical campuses, corporate parks, industrial sites, educational facilities and other forms of establishments situated inside bordered facilitates. They allow for an efficient process to launch and manage industrial efforts in the region. These types of installations will thrive under the strategies and tactics of the Go Lean roadmap. SGE’s do require governmental concurrence and maybe even public approvals – referendums – but only at the initiation. Beyond that, they are not a concern, or an expense, for local governments – they bring their own economic “Pie“.
    Consider this previous blog-commentary that details the dynamics of SGE’s:
    https://goleancaribbean.com/blog/?p=5921 |  Socio-Economic Change: Impact Analysis of SGE’s
  • Exclusive Economic Zones (EEZ) – The Go Lean/CU roadmap calls for the strategy of petitioning the United Nations Convention on the Law of the Sea (UNCLOS) for expanded territory in the Caribbean Sea for the CU to develop, explore, protect and exploit for the benefit to the Caribbean en-masse only. This means the CUPie” for revenues-and-expenses and not individual member-states.
    Consider this previous blog-commentary that details the dynamics of the EEZ:
    https://goleancaribbean.com/blog/?p=8819 |  Lessons from China – South China Seas: Exclusive Economic Zones

The Go Lean book details the series of community ethos, strategies, tactics, implementations and advocacies designed to create a federal “Pie” in the Caribbean region; see here:

Anecdote – Caribbean Single Market & Economy Page 15
Community Ethos – Money Multiplier Page 22
Community Ethos – Job Multiplier Page 22
Community Ethos – Lean Operations Page 24
Community Ethos – Ways to Impact the Future Page 26
Community Ethos – Ways to Impact the Greater Good Page 37
Strategic – Vision – Integrated Region in a Single Market Page 45
Strategic – Vision – Agents of Change Page 57
Tactical – Confederating a Non-sovereign Union Page 63
Tactical – Fostering a Technocracy Page 64
Tactical – Growing to $800 Billion Regional Economy Page 67
Tactical – Separation-of-Powers Page 71
Anecdote – “Lean” in Government – Optimizing Societal Engines Page 93
Implementation – Ways to Pay for Change Page 101
Implementation – Start-up Benefits from the Exclusive Economic Zone Page 104
Implementation – Steps to Implement Self-Governing Entities Page 105
Implementation – Ways to Better Manage Debt Page 114
Planning – Big Ideas for the Caribbean Region Page 127
Planning – Ways to Model the EU Page 130
Advocacy – Ways to Grow the Economy Page 151
Advocacy – Ways to Improve Governance Page 168
Advocacy – Ways to Better Manage the Social Contract Page 170
Advocacy – Reforms for Banking Regulations Page 199
Advocacy – Ways to Impact Wall Street Page 199

While the Caribbean needs its people, these people need a better Caribbean society – more prosperous. The region status quo is that “they got it bad”! Due to the many failures in the region, many people have fled to find refuge in foreign countries, resulting in a debilitating brain drain in the Caribbean, and thusly less people-less potential-less profits; so even more failure on top of failure.

The Go Lean roadmap for the CU stresses the need for this new “Pie“, the economics of a Caribbean Single Market. This theme was previously blogged on in so many previous Go Lean blog-commentaries; see sample here:

https://goleancaribbean.com/blog/?p=10043 Integration Plan for Greater Caribbean Prosperity
https://goleancaribbean.com/blog/?p=9595 Vision and Values for a ‘New’ Caribbean
https://goleancaribbean.com/blog/?p=8813 Lessons from China – Size Does Matter
https://goleancaribbean.com/blog/?p=841 Having Less Babies is Bad for the Economy
https://goleancaribbean.com/blog/?p=833 European Integration Currency Model: One Currency
https://goleancaribbean.com/blog/?p=599 Ailing Puerto Rico open to radical economic fixes
https://goleancaribbean.com/blog/?p=364 Time Value of Money
https://goleancaribbean.com/blog/?p=360 How to Create Money from Thin Air

Now is the time for all of the Caribbean – the people and governing institutions – to lean-in for the Caribbean integration re-boot, this Caribbean Union Trade Federation. We need the “Two Pies“. We need better engines to make our region more prosperous, to make it a better homeland to live, work and play. 🙂

Download the book Go Lean … Caribbean – now!

———

Appendix VIDEO – Malcolm X: Get your hand out my pocket – https://youtu.be/zHM8lAIFoU4

Uploaded on Jan 26, 2011 – Classic scene from a classic movie.

 

 

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Crypto-currency: Here comes ‘Trouble’

Go Lean Commentary

What materials should money be made from: Gold, Silver, Copper, Diamonds, Emeralds, Rubies and other precious stones?

How about “nothing”? Thin Air?

To insist on some orthodoxy of precious materials, would be inconsequential. Remember, the default currency now is paper. How much more precious a material is paper as opposed to Digits (1’s and 0’s). These are all close to “nothing”.

Yet, this is our economy. Yes, the medium for our currency is not the physical material, but rather: Trust.

The Trust equation is about to change, again. This time, instead of National Trust, we are looking at Corporate Trust.

Here comes the banks; here comes blockchain; here comes crypto-currency; here comes digitization.

Yes, here comes ‘trouble’. Here comes Big Wall Street Bank JPMorganChase. Here comes other players in other markets – see the news articles in the Appendices below:

  • Appendix A – JPMorganChase
  • Appendix B – Belarus
  • Appendix C – Sweden

All of these articles and news developments speak to the digitization of money and banking, highlighting that the primary ingredient in this recipe for success is Trust.

This is where this discussion comes home. In the Caribbean we need to embrace digital money and electronic payment solutions, but first we need Trust in a regional financial institution to manifest this roadmap. When we look at the reality of our Caribbean geography, we see:

American, Dutch, English, French, Spanish, Independent and Overseas Territories

Here comes trouble! We realize something very obvious: we do not trust each other!  So we may actually have to do the heavy-lifting that was always needed for our regional society to finally function as a coherent neighborhood. We have always needed to come together … in trust and unity; but never have.

Now more than ever, we must convene, collaborate and confederate banking solutions for our Caribbean homeland by committing vital resources for every Caribbean country, all 30 member-states. The basis for our trust must be, that we all have something to lose.

Then, only then, will we have no choice but to trust each other for a unified monetary and currency solution.

Trust but verify – Russian proverb Doveryai, no proveryai used by the 40th US President Ronald Reagan to emphasize “the extensive verification procedures that would enable both sides to monitor compliance with the INF Treaty of 1987 for nuclear disarmament by the US and USSR”[4].

We are urged to follow this wise “trust but verify” course of action. If it worked for bilateral cooperation between arch-enemies – USA and USSR – it can work for friendly neighbors in the Caribbean region.

The verification is key. The book Go Lean … Caribbean proposed a monetary-currency (Caribbean Dollar or C$) solution involving a cooperative of the Central Banks already in the region, dubbed the Caribbean Central Bank (CCB). Such a move should not be so unnerving. There is already currency interdependence for many member-states:

  • Eastern Caribbean Central Bank – services the monetary-currency needs of 8 countries (Antigua & Barbuda, Anguilla, Dominica, Grenada, Montserrat, St. Kitts & Nevis, St. Lucia, and St. Vincent & the Grenadines)
  • US Dollar is used as the monetary-currency solution for 4 Caribbean countries: British Virgin Islands, Puerto Rico, Turks & Caicos Islands, US Virgin Islands. (Plus used widely along with local currency in 9 countries).

With a Central Bank cooperative, we would already be half-way there! The Go Lean book (Page 73) details this CCB cooperative as follows:

The Caribbean Central Bank (CCB) is actually a cooperative among the region’s Central Banks. All the existing Central Banks, at the time of ascension, will cede their monetary powers to the CCB and continue their participation using well-established cooperative principles (Rochdale). This includes these 7 prime directives:
1). Open/voluntary membership – based on CU treaty ratification;
2). Democratic member control – the CCB cooperative is controlled by their Central Bank Governor-members, who actively participate in setting monetary policies and making tactical decisions;
3)-a. Members contribute equitably to, and democratically control, the capital of their co-operative – the C$ is the capital;
3)-b. Members are compensated for funds invested in the CCB cooperative, and decide how surpluses should be used – how much reserves to maintain and how much to return to the member-state governments;
4). Autonomous and independent – the very definition of a technocracy;
5). Provide education and training to their members and the public – the CCB champions the cause of an integrated currency to the public;
6). Co-ops cooperate with each other;
7). Work for the sustainable development of their communities through policies approved by their members – the community is the region as a whole.

Now, we can launch our own crypto-currency and electronic payments, clearing and settlements from this strong foundation. The missing ingredient, Trust, would be fulfilled. See how the underlying technology behind crypto-currencies, Blockchain, is explained in this TED Talk VIDEO here:

VIDEOHow the blockchain will radically transform the economy | Bettina Warburghttps://youtu.be/RplnSVTzvnU

TED
Published on Dec 8, 2016
– Say hello to the decentralized economy — the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate

Follow TED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksD…

A successful digital money / electronic payment scheme is very important in the strategy for elevating the Caribbean economy. The “risky” image of crypto-currency may now be nullified with all the global developments taking place.

Let’s get started!

This theme of Caribbean monetary and currency solutions have been elaborated in previous Go Lean commentaries; see a sample list here:

https://goleancaribbean.com/blog/?p=14248 Leading with Money Matters – New Almighty Caribbean Dollar
https://goleancaribbean.com/blog/?p=13744 Failure to Launch: The Quest for a Caribbean ‘Single Currency’
https://goleancaribbean.com/blog/?p=8381 Case Study on Central Banking for Puerto Rico
https://goleancaribbean.com/blog/?p=7034 The Future of Money – For the Caribbean and Beyond
https://goleancaribbean.com/blog/?p=906 Bitcoin needs regulatory framework to change ‘risky’ image
https://goleancaribbean.com/blog/?p=467 Barbados Central Bank records $3.7m loss in 2013
https://goleancaribbean.com/blog/?p=360 Central Banks Can Create Money from ‘Thin Air’ – Here’s How

The world of crypto-currency and electronic payment systems is here! But this is a good thing. The benefits of these new schemes are too enticing to ignore: fostering more e-Commerce, increasing regional money supply, mitigating Black Markets, more cruise tourism spending, growing the economy, creating jobs, enhancing security and optimizing governance.

Yep! Count us in!

Now is the time for all stakeholders of the Caribbean, (residents, visitors, merchants, vendors, bankers, and governing institutions), to lean-in for the empowerments described in the book Go Lean roadmap. These empowerments can help to make the Caribbean a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU) and aligning Caribbean Central Bank (CCB), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The CCB provides a comprehensive role in this roadmap: facilitating and settling interbank transactions for the region, especially in light of the introduction of for new digital payment systems: new cards, telephony apps and crypto-currency. The Go Lean book provides 370-pages of turn-by-turn instructions on these solutions; and on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

————-

Appendix A – JPMorgan launches ‘JPM Coin’ cryptocurrency, becomes first major bank to create its own digital coin By: Jade Scipioni

Nearly two years after JPMorgan Chase chief Jamie Dimon Opens a New Window. famously bashed bitcoin, calling it a “fraud,” the big bank announces it has created its own  cryptocurrency Opens a New Window. prototype.

Dubbed JPM Coin, the new tokens, which will be the first cryptocurrency backed by a U.S. bank, are set to be tested to instantly settle transactions, on a small portion of payments, among clients of the big bank’s wholesale payments business.

“The JPM Coin isn’t money per se. It is a digital coin representing United States Dollars held in designated accounts at JPMorganChase,” the company said in a press release.

In short, a JPM Coin will have a fixed value redeemable for one U.S. dollar. However, it won’t trade freely like bitcoin or other cryptocurrencies.

“When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalents amount of U.S. dollars, reducing the typical settlement time,” the company added.

JPMorgan Opens a New Window. said it believes the new technology can help lower costs and risks associated with big money transfers around the world.

While the new tokens are initially designed for major ‘institutional clients’ for business-to-business transactions, not individuals, the cost-savings and efficiency benefits “would extend to the end customers of our institutional clients,” the company said.

The news does not come as a surprise either, as JPMorgan has been leading the charge in testing blockchain payments for more than two years.

As reported by FOX Business last September,Opens a New Window. more than 157 banks globally have joined a blockchain-based payment project led by JPMorgan to test how to streamline cross-border transactions.

The shared ledger called Interbank Information Network (IIN) was built by Dimon’s team in 2017 through its own blockchain platform called Quorum.

While Dimon did famously call bitcoin a “fraud” and “worse than tulip bulbs” — a reference to the 17th century economic bubble  — he and his key managers have consistently said that blockchain and regulated digital currencies do have promise.

Source: Posted February 14, 2019; retrieved February 19, 2019 from: https://www.foxbusiness.com/features/jpmorgan-set-to-roll-out-the-first-bank-backed-cryptocurrency

—— Related: Several banks (75) have now joined JPMORGAN to test Blockchain Payments

————-

Appendix B – Belarus’ Biggest Bank is ‘Working on’ Launching Its Own Cryptocurrency Exchange
By: Jimmy Aki, CCN
According to a report by local news outlet BeITA, Belarusbank, the largest bank in Belarus, is considering the launch of its very own cryptocurrency exchange platform.

The plans for the exchange were revealed by Viktor Ananich, the Chairman of Belrusbank’s board. Speaking with Belarus 1 TV channel, Ananich remarked:

“We are considering a possibility to establish a cryptocurrency exchange. We are working on it.”

For Belarusbank, Digitization is the Future
The bank is looking to intensify its focus on digitization, and it is reportedly seeking ways to expand its range of services by forming alliances with various mobile service providers. In addition to the reported cryptocurrency exchange, BeITA also stated that the bank is in the process of issuing virtual cards soon.

Source: Posted January 31, 2019; retrieved February 20, 2019 from: https://finance.yahoo.com/news/belarus-biggest-bank-working-launching-155444267.html

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Appendix C – Sweden Officially Backs a Cryptocurrency and Establishes It As Their Official Coin

It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. Sweden, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as Sweden’s official coin!

The Swedish government just informed us that they have chosen a preferred firm for the purchase and marketing of their new coin – Kryptonex Research Group. The sales of Sweden’s coin officially started on Friday, April 27th and currently these coins can be bought only from Kryptonex Research Group.

Industry experts weren’t surprised when Kryptonex was chosen by Sweden as their preferred firm for the release of their official coin. They had all seen for their own eyes the cutting edge insight that Kryptonex had brought to the cryptocurrency markets for their clients.

See the full article here: https://elevenews.com/2018/04/28/sweden-officially-backs-cryptocurrency-and-establishes-it-as-their-official-coin/ – posted April 28, 2018; retrieved January 20, 2018.

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War on Cancer: Survivors Emerge from ‘Better Battles’

Go Lean Commentary

In 1971, there was a War Declaration … against the dreaded disease of Cancer.

We all know someone that has battled cancer. Many of us know people who fought and lost. Truly, the designation of a War on Cancer is appropriate. Here is the historical details as related in the 2013 book Go Lean … Caribbean on Page 157:

The Bottom Line on Cancer Industrial Complex
Cancer strikes nearly 1 in every 2 men and more than 1 in every 3 women. When President Richard Nixon signed the landmark measure, National Cancer Act, in 1971, he declared it as America’s War on Cancer. After 40 years, the overall incidence of cancer in the U.S. has escalated to epidemic proportions, now striking 1.8 million, and killing about 550,000 annually. The median age for the diagnosis of cancer is 67 in adults, and six in children. The war is being lost, even though it is being fought at the public’s expense (medically & financially).
.
To win the war on cancer would mean preventing cancer. Yet cancer is a multi-billion dollar business and preventing cancer would be bad for business. It is bad for the pharmaceutical and mammography businesses. These industries have intricate ties to U. S. policy makers, directing research funds to insure their continued profits in cancer diagnosis/treatment. – Cancer Prevention Coalition’s www.PreventCancer.com.
.
There are many medical practitioners and general advocates alike, that feel that cancer treatment uses “slash and burn” technology. They claim that these treatment schemes are a racket, designed to fleece the public. They point out that chemo-therapy costs $10,000 – $30,000 a month, and its success rate today is no better than 40 years ago. “It’s firstly a business; as long as health is considered to be a profit center, there is no reason for the cancer-industrial complex to cure cancer”.

The Go Lean book does not portend to be a manual on diagnosing or treating cancer. But it does strategize a roadmap for economic empowerment. It clearly relates that healthcare, disease management, cancer treatments and medicines are germane to the Caribbean quest for health, wealth and happiness. The primary author of the book was inspired to write this roadmap, after his sister died after a 32-year battle with cancer – See Dedication (Page 2). This supplemented the fact that their mother died first of breast cancer, almost 50 years ago in 1970.

This is now war …

… battles continue … there are victors and victims.

Yes, some people do survive their battles with cancer. They live to share lessons with the rest of us. These lessons are not just medical, but emotional, social and yes: economic as well.

Examine the experiences here in this news article from the American Daily Newspaper “USA Today“. The story is too important to ignore; (despite the American settings, there is application for us in the Caribbean as well):

Title: Life after cancer: More survivors living longer, facing new health challenges
Sub-title:
More cancer patients are living longer. Few are getting the help they need to stay healthy
By: Kim Painter, USA TODAY

When Susan Leigh finished treatment for Hodgkin lymphoma back in 1972, she says, “no one knew what was going to happen.”

Certainly, no one knew that the Arizona woman would develop three more cancers and heart damage, all likely linked to the aggressive radiation and chemotherapy treatments that helped save her life.

Those treatments were new at the time. When Leigh finished them, apparently cancer-free, she was a pioneer.

“I remember saying to my radiation doctor, what do I do now?” recalls Leigh, 71, a retired cancer nurse. “What do I do to keep this from coming back and to recover?

“He said he really didn’t know. He said maybe I could try taking a good multivitamin pill.”

Four decades later, doctors know much more. They know that some cancer survivors are at increased risk for other cancers later, and for problems ranging from brittle bones to heart failure.

They also know more about how to help patients head off or manage those risks.

But few patients are getting that help – even 13 years after the influential Institute of Medicine warned that many survivors were “lost in transition,” and weren’t getting adequate follow-up care.

The number of cancer survivors continues to grow, yet high-quality, coordinated survivorship care is still infrequent,” experts from the National Academies of Sciences, Engineering, and Medicine said in a recent follow-up report (the nonprofit includes the former Institute of Medicine).

“Strides have been made, but there’s also been an acceleration in the demand,” says Neeraj Arora, associate director for science at the nonprofit Patient-Centered Outcomes Research Institute.

Arora, a 25-year survivor of non-Hodgkin lymphoma, helped write the report.

Even today, Leigh says, too many people “don’t get the kind of follow-up care they need.”

“Doctors say, ‘You are OK, we don’t need to see you anymore.’ ”

Numbers are growing – and so is the need
The American Cancer Society says more than 15.5 million Americans with a history of cancer were alive in 2016. By 2026, the group says, that number will rise to 20.3 million.

The population of survivors is also aging. Nearly two thirds are over age 65, meaning most face health challenges beyond those linked to their cancer.

And those over age 85 are the fastest growing segment – giving famous survivors such as Supreme Court Justice Ruth Bader Ginsburg, 85, and former President Jimmy Carter, 94, a lot of generational company.

Meanwhile, cancer patients, young and old, are living longer.

“Now, thanks to early detection and better treatment, we have a lot more people living many years beyond their initial diagnosis,” says Catherine Alfano, the cancer society’s vice president for survivorship.

The five-year survival rate for all cancers combined stands at 70 percent for whites and 63 percent for blacks, the society says. That’s up from 39 percent for whites and 27 percent for blacks in the 1960s.

People treated in 2019 might do still better. But they also might face unknown long-term risks, even from treatments meant to be less toxic and more targeted than those of the past.

Surviving cancer does not mean leaving health concerns behind.

Cancers can recur. And some survivors face an increased risk of other cancers, sometimes related to their treatment.

Some cancer treatments can damage bones, hearts and other organs in ways that might not show up for decades. Leigh and Arora can attest to that: both have been diagnosed with congestive heart failure.

Patients can leave initial treatment with ongoing symptoms. More than a quarter of patients in one study reported lingering problems such as fatigue, sleep disturbances and foggy thinking.

In another survey, 24 percent of survivors reported poor physical health and 10 percent reported poor mental health – roughly double the rates for other adults.

Psychologist Julia Rowland led the National Cancer Institute’s Office of Cancer Survivorship for 18 years.

“People are now thinking of cancer survival not just in terms of lifespan but health span,” she says. “There’s a growing recognition that it’s not just the length of life but the quality of life.”

The push for survivorship care plans
Arora, now 49, was diagnosed two decades after Leigh. But he also left treatment unprepared for his future.

“I got absolutely top-notch treatment. But when I left, after five years, my doctor said, ‘You are good.’ He said, ‘You don’t need to see anybody.’ Which today I know is not the right thing to say.  But that’s where the field was then.”

Under reforms first envisioned by the Institute of Medicine in 2006, patients are supposed to leave initial treatment with two things: A brief written summary that lists all treatments received and a survivorship care plan.

For a breast cancer survivor, the plan might prescribe regular mammograms and an exercise program. It might tell someone who took heart-toxic chemotherapy drugs to watch for cardiac symptoms. Some patients might be urged to keep seeing their cancer care team, often or occasionally; others might be told they face few cancer-related risks and can return to routine care by their regular doctors.

Ideally, advocates say, the plan starts a dialogue among providers, patients and caregivers and tells patients where to seek help with mental health, family matters, jobs and finances.

But when 53 top cancer centers were surveyed several years after the initial recommendation, fewer than half were using the plans.

The Commission on Cancer, which accredits cancer centers, started in 2015 to require them to phase in the plans. But uptake was so slow that the commission altered the standard in 2018 to allow more time for full implementation.

Costs, staffing shortages and inadequate electronic records all slow adoption, the National Academies reports.

Even where care plans have been adopted, their usefulness has not been proved.

“The data is not impressive,” Rowland says. One reason, she says, is that “people are treating this not as a conversation, but a piece of paper.”

Innovative cancer programs are now weaving survival planning into every phase of care, Alfano says. They’re also seeking better ways to use technology to track and guide patients.

But those innovations are not reaching enough patients, she says.

Progress for survivors
Leigh says much progress has been made since she became a founding member of the National Coalition for Cancer Survivorship in 1986.

“When we first started this, we were called cancer victims,” she says. “It was a way of looking a it that said you didn’t have any control.”

Today, the survivor community embraces everyone from newly diagnosed patients to the growing cadre of chronic cancer patients who stay on therapies for years.

Some, Leigh notes, reject the label “survivor,” for various reasons, including perceptions that it excludes those who will never be cancer-free. But even that debate, she says, is a sign that the movement has matured.

Another sign of progress: Most states now at least mention cancer survivors in their official cancer control plans, says Larissa Nekhlyudov, an associate professor of medicine at Harvard Medical School.

It’s not clear what impact state efforts have had, she says. But some states have launched innovative programs, often with funding from the federal Centers for Disease Control and Prevention.

In Kansas, for example, health officials worked with farmer’s markets for seniors to boost fruit and vegetable consumption among survivors. Iowa created educational materials for survivors facing sexual problems. Vermont trained survivors to counsel newly diagnosed patients as part of a program called Kindred Connections.

Volunteer David Cranmer says the program helps the volunteers almost as much as it helps those they counsel.

“We have training sessions with potluck suppers, and people get together and tell their stories,” says Cranmer, 70, of Williston, Vermont.

His own story includes a bone marrow transplant for chronic myeloid leukemia in 1999, followed by thyroid cancer. He’s now undergoing long-term chemotherapy for another condition, amyloidosis.

Despite his difficulties, he says, his story offers hope – and plants the idea that today’s cancer patients can and should plan for their futures.

“Most people aren’t thinking five or ten years from now. They are thinking about today,” he says. “But when I call up and say I’m a 20-year cancer survivor, that turns on a light that oh, there is life after cancer.”

Source: USA Today Newspaper; posted February 15, 2019; retrieved February 19, 2019 from: https://www.usatoday.com/in-depth/news/50-states/2019/02/13/life-after-cancer-survivors-oncology-survivorship-plans-long-term-health/2794121002/

————

Related: Advice for cancer patients: plan on surviving

————

VIDEO – Four-time cancer survivor pioneers recovery and advocacy – https://www.usatoday.com/videos/news/2019/02/13/four-time-cancer-survivor-pioneers-recovery-and-advocacy/2859322002/

USA TODAY – Susan Leigh has beaten multiple cancers and heart problems and now champions survivorship care plans for patients and their families.

Lessons abound – we must Battle Cancer Better:

  • We reap what we sow in this war. Hard work, smart work and better work pays off in victory.
  • Some places are better for surviving cancer than others.
  • The battle continues … even after cancer has been defeated … initially.
  • There are high-tech (advances drugs and surgical procedures) and low-tech solutions (diet, exercise, stress management, positivity, etc.).
  • The Caribbean must prepare and invest in Research & Development (R&D) and treatment deliveries for our people and visiting guests (patients) who may want to benefit from a new Caribbean commitment to Battle Cancer Better.

This theme has been elaborated upon in previous Go Lean commentaries; see a sample list here:

https://goleancaribbean.com/blog/?p=7822 Cancer: Doing More
Many Role Models want to invest their time, talent (business & entrepreneurship) and treasuries in this quest to impact the world of cancer R&D and treatment. This is good! This is better if/when we invite them to bring their operations to a Caribbean address. We have the perfect structure to Do More for cancer: Self-Governing Entities are detailed in the Go Lean roadmap.
https://goleancaribbean.com/blog/?p=3276 Role Model Shaking Up the World of Cancer
One person can make a difference in cancer R&D and treatment. We should always incentivizes innovators. In fact, the Go Lean roadmaps invites them to avail our Self-Governing Entity concepts for ful industrialization of medical research and delivery.
https://goleancaribbean.com/blog/?p=2522 The Cost of Cancer Drugs
The Americans eco-system may not be the best role model for emulating R&D and treatment for cancer. Their Crony-Capitalism is so acute  that their motives maybe profit more so than life.
https://goleancaribbean.com/blog/?p=554 Cuban cancer medication registered in 28 countries
Innovation in cancer drugs and treatment have already emerged from the Caribbean – Cuba or all places have doubled-down in their R&D ethos. Any apathy towards their politics should not deter medical progress – lives are at stake.
https://goleancaribbean.com/blog/?p=286 PR’s Comprehensive Cancer Center Project Breaks Ground
The Caribbean needs to facilitate an atmosphere for Cancer R&D and Treatment. There can be an organized industry for this quest. Jobs can be created, in addition to Battling Cancer Better.

Cancer is a crisis … everywhere. This is not just an American drama and solutions do not only emerge from America.

The Go Lean book demonstrates how developing the ethos that a “crisis is a terrible thing to waste”, could help save lives … and communities. There are winning battles in the War on Cancer, but we must do the heavy-lifting to succeed.

Let’s fight … and keep on battling!

Many of our loved ones have died trying. Let’s not allow their deaths to be in vain. Let’s work harder, smarter and better and win more battles in this War on Cancer. This is how we can make our homeland a better place to live, work, heal and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 11 – 13):

viii. Whereas the population size is too small to foster good negotiations for products and commodities from international vendors, the Federation must allow the unification of the region as one purchasing agent, thereby garnering better terms and discounts.

ix. Whereas the realities of healthcare and an aging population cannot be ignored and cannot be afforded without some advanced mitigation, the Federation must arrange for health plans to consolidate premiums of both healthy and sickly people across the wider base of the entire Caribbean population. The mitigation should extend further to disease management, wellness, obesity and smoking cessation programs.

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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Barbados Ready for ‘Free Movement’

Go Lean Commentary

“Free Movement of People” is one aspect of the Single Market concept that is strongly urged by this commentary. Even though this view is not unanimous in its appeal – in the Caribbean especially – many advanced economies do have Free Movement:

  • US – Yes
  • European Union – Yes

These two markets are Number 1 and Number 2 accordingly in the world’s GDP rankings. There truly is merit to this strategy, as people can freely go where they are needed and job openings can be freely filled by people – from near or far.

This means neighboring communities get to share in the opportunities and challenges of any one destination.

The book Go Lean … Caribbean (Page 5) drew reference to neighborly collaboration, cooperation and confederation by detailing the lyrics of a 1972 song, as follows:

If there is a load you have to bear
That you can’t carry
I’m right up the road
I’ll share your load
If you just call me – Song: Lean On Me by Bill Withers

One country gets it …

An Economic Affairs Minister for Barbados has declared that his country needs to be more welcoming of workers from other Caribbean communities. In fact, he indicated that the demographic trends in Barbados is all bad; their population is getting older as there are now fewer and fewer young people. The “load” of rebooting the Caribbean can be shared among the region – Caribbean Community or CariCom. See the news article here relating this thesis:

Title: Barbados opening jobs to CARICOM nationals
By:
 George Alleyne

Responding to a growing demographics imbalance in which the retired and close to retirement members of the population are growing while the number of working-age nationals is dwindling, Barbados will soon open its doors to skilled labour, especially persons from the Caribbean Community.

This situation caused Minister of Home Affairs, Edmund Hinkson, to say recently, “I as minister of immigration am firmly of the view that we have too small a population for Barbados to sustain and grow this economy and we will have ‘managed migration’ into this country especially among our fellow Caribbean people who are productive, who will make a mark.”

He said that the island, however, will not be open to “those who are going to be a drain on our economy or public purse,” but will be welcoming “those who are productive, who have skills”.

“We need more young people in this country in their most productive age.”

Hinkson’s revelation of the island’s intent found support in fellow government minister, Marsha Caddle, who has said, “we’ve realised that the population base of the country is not sufficient to generate the revenue that we need to be able to contribute to the standard of living that we want to have.”

The junior economic affairs minister said that 20 to 25 years ago the population group between ages 20 and 29 was the largest, however, “that same cohort is now still the largest, but it is 50 years old. And the 20 to 29 [age group is] now is much smaller.”

With Barbados restructuring its flagging economy to make it welcoming to investors, and a number of major construction projects set to begin this year, she said, “it is not just a question of diversifying the economy and having a revenue-positive policy …but it is also a question of making sure you have the population base to support it.”

This unevenness in the island’s population was the reason that Ronald Jones, a minister in the former government, had pleaded with Barbadians to make more babies to counter the lowering birth rate, which in turn leads to a reduced workforce.

“A declining population will have an impact on what we do to support older generations and national development as a whole,” Jones had said.

But Hinkson dismissed that as the solution for Barbados’ immediate need for a larger workforce.

“We’re not going to do like what the then minister of education said two or three years ago that people must get more children because they will take 20 years plus nine months before a child might become productive if conceived today,” the home affairs minister said.

Barbados’s soon-to-be implemented programme of ‘managed migration’ should provide pointers to sister CARICOM nations on how to implement the grouping’s policy of the right of skilled nationals to work in most of the 15 countries in this body.

Source: Posted February 15, 2019 retrieved February 17, 2019 from: https://www.caribbeanlifenews.com/stories/2019/2/2019-02-15-ga-barbados-jobs-caricom-nationals-cl.html

According to this foregoing article, there is the need for Barbados to fill its job openings from CariCom countries nearby. The original plan for the now-stalled Caribbean Single Market & Economy (CSME) called for such “Free Movement of People”. Too bad, this scheme was never fully incorporated; many societal defects could have been averted.

The book Go Lean…Caribbean addressed CSME from the beginning; starting with this opening assessment of the State of Caribbean Integration. The book detailed CSME on Page 15 as follows:

What is the CSME?
The initials refer to the Caribbean Single Market & Economy, the attempted integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community which took place in July 1989 in Grand Anse, Grenada. The Grand Anse Declaration had three key features:

  1. Deepening economic integration by advancing beyond a common market towards a Single Market and Economy.
  2. Widening the membership and thereby expanding the economic mass of the Caribbean Community (e.g. Suriname and Haiti were admitted as full members in 1995 and 2002 respectively).
  3. Progressive insertion of the region into the global trading and economic system by strengthening trading links with non-traditional partners.

What was the hope for CSME?
Whereas CariCom started as a Common Market and Customs Union, to facilitate more intra-region trade, the CSME was intended to effect more integration of the economies of the member states. But this turned out to be mere talk, fanciful murmurings of politicians during their bi-annual Heads of Government meetings. No deployment plans ever emerged, even though up to 15 member-states signed on to the accord; (and 10 more as “Observers” only).

The recommendation of the movement behind the Go Lean book is to confederate now, as this would expand the labor pool and job market. This is the purpose of the book Go Lean…Caribbean, to help reform and transform the economic engines of the 30 member-states of the Caribbean region. The book serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU).

The Go Lean roadmap is designed to elevate the Caribbean region, to be better destinations to live, work and play. The roadmap asserts that in addition to the ease of travel and transport for touristic purposes – the primary industry in the region – Caribbean communities get to benefit from Free Movement of Labor under controlled employment rules-conditions. This is why the CU Trade Federation is a graduation from the CSME – something better. We accomplish Free Trade and Free Movement of People for Domestic (Intra-region) Tourism, but controlled Freedom of Movement for jobs … based on a Labor Certification process. Here is how the Go Lean book describes the Certification process as regulated by one of the CU agencies:

CU Labor Relations Board
This agency coordinates the activities of labor certifications, labor unions and other organizational dimensions in the region. This effort will be collaborated and in cooperation with member-state Labor Relations agencies. The CU‘s focus will be towards interstate activities and enterprises, as opposed to intra-state.

Labor Certification is an important role for this agency as it requires monitoring the labor needs of the region to ascertain where skills are needed and where and who can supply the skills. The certification role involves rating the level of expertise needed for job and rating workers skill sets. (Consider a 10-point grading system for positions and personnel, where “apprentice” level ranges from 1 – 3, “journeyman” level ranges from 4 – 6, and “master” ranges from 7 – 10). This certification role is vital to the strategy of preserving Caribbean human capital in the region, even if this involves some movement among the member-states.  [When a high skilled job becomes available, it has to be rated so that if no local talents are available, workers with qualifying ratings in other CU member-states can apply and be engaged].

Embracing the tenants of a Single Market have been elaborated upon in previous blog-commentaries. Consider this sample:

https://goleancaribbean.com/blog/?p=15245 Righting a Wrong: Re-thinking CSME
https://goleancaribbean.com/blog/?p=14954 Overseas Workers – Not the Panacea
https://goleancaribbean.com/blog/?p=13319 Making a ‘Pluralistic Democracy’ – Freedom of Movement
https://goleancaribbean.com/blog/?p=8377 Fallacy of Minimum Wage
https://goleancaribbean.com/blog/?p=8351 Brexit reality tied to Free Movement of People.

Considering Barbados’s move in the foregoing, it is a good start for embracing the concept of a Single Market. They are not the first country in the region to lean-in to this initiative – and should not be the last. Consider the VIDEO here, relating the CARICOM Skilled Nationals Act in Guyana:

VIDEOGov’t to amend CARICOM Skilled Nationals Acthttps://youtu.be/IduFS86PGpM

CapitolNewsGY
Published on Feb 5, 2014

http://www.capitolnewsonline.com | http://www.capitolnewsgy.com
Twitter: https://twitter.com/#!/wrhmnews
Facebook: https://www.facebook.com/CapitolNewsGY

Listen up you other countries: Follow suit!

All Caribbean stakeholders – leaders, citizens, businesses, employers, Union workers and professionals – need to embrace the strategy of a Single Market. The movement behind the Go Lean book invites everyone in the Caribbean to lean-in for the empowerments described here-in. We must do better than in the past; we cannot sustain our society with our current population dimensions. We must come together so that we can finally make our homelands better places to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion & create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xxi. Whereas the preparation of our labor force can foster opportunities and dictate economic progress for current and future generations, the Federation must ensure that educational and job training opportunities are fully optimized for all residents of all member-states, with no partiality towards any gender or ethnic group. The Federation must recognize and facilitate excellence in many different fields of endeavor, including sciences, languages, arts, music and sports. This responsibility should be executed without incurring the risks of further human flight, as has been the past history.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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Justice and Economics – Both needed to forge change

Go Lean Commentary

Duels are now a thing of the past – Yippee!!!

Modern civilizations would not tolerate people using violence to avenge their honor or property loss. The new way is to sue in the Court of Law …

… lawsuits are even prevalent when there is the Wrongful Death of an individual:

Wrongful death is a claim against a person who can be held liable for a death.[1] The claim is brought in a civil action, usually by close relatives, as enumerated by statute. …
Many wrongful death claims are based upon death resulting from negligence, for example following a motor vehicle accident caused by another driver, a dangerous roadway or defective vehicle, or medical malpractice.[2] Dangerous roadway claims result from deaths caused in whole or in part by the condition of the roadway.[3]
Source: Retrieved January 30, 2019 from: https://en.wikipedia.org/wiki/Wrongful_death_claim

While the life of a loved one cannot be substituted for money, it does help to bring justice to the survivors that there is a judgment that “someone” has to pay.

But what if there was a “magic bullet” that can just swipe out the accountability of a valid Wrongful Death claim. There is …

… it’s called bankruptcy!

See this actuality portrayed in this news article here about the recent forest fires in California. People died; there is corporate negligence; there should be a reckoning, accountability and justice. See the full article and VIDEO here:

Title: PG&E to file for bankruptcy following devastating California wildfires
Sub-title:
Company blames liabilities, reconstruction costs and ‘increase in wildfire risk resulting from climate change’
By: Hamza Shaban and Steven Mufson

California’s largest power company intends to file for bankruptcy as it faces tens of billions of dollars in potential liability after massive wildfires devastated parts of the state over the past two years, according to a filing with the Securities and Exchange Commission.

Pacific Gas and Electric said Monday that declaring insolvency is “ultimately the only viable option to restore PG&E’s financial stability to fund ongoing operations and provide safe service to customers.”

The California wildfires, which have killed dozens of people and destroyed thousands of homes, have led to a surge in insurance claims. PG&E estimates that it could be held liable for more than $30 billion, according to the SEC filing, not including potential punitive damages, fines or damages tied to future claims. The company’s wildfire insurance for 2018 was $1.4 billion.

The PG&E bankruptcy promises to be more complex and political than most bankruptcies, pitting fire victims, ratepayers, bankers, insurance companies and renewable-energy providers against one another. Homeowners with property insurance will collect from their insurers, and a person familiar with the bankruptcy planning said that hedge funds are already offering to buy settlement claims from insurance companies.

One casualty of a bankruptcy could be billions of dollars of funding for clean-energy initiatives designed to fight the effects of climate change, Ralph Cavanagh, a California-based energy expert at the Natural Resources Defense Council (NRDC), said in an email. “PG&E is the state’s largest investor in energy efficiency and electric vehicle infrastructure alone, with annual commitments well in excess of $1 billion,” he said. “Other threatened initiatives involve grid upgrades, small-scale ‘distributed’ resources and technology innovation.”

Solar and wind-energy providers are among those who could suffer. In its drive to make the state electricity grid free from carbon dioxide emissions, California has pushed utilities to buy renewable energy. Gabe Grosberg, a utilities analyst at S&P Global, said Monday that “many of the power contracts are above market price” and that a renegotiation of those contracts “is something the bankruptcy judge will take a look at.”

The company said financial alternatives to bankruptcy would not serve the best interests of PG&E and its shareholders and “would not address the fundamental issues and challenges PG&E faces.” Among the many considerations that pushed the company closer to bankruptcy were the need to resolve its potential liabilities, extensive rebuilding efforts and “the significant increase in wildfire risk resulting from climate change,” PG&E said.

PG&E’s shares plummeted Monday, and closed at $8.38 a share, down 52 percent.

[As wildfires rage, California frets over a future of greater perils and higher costs]

The filing comes a day after the company announced the resignation of its chief executive, Geisha Williams. Williams, three other top executives who resigned last week and the company have come under harsh criticism in recent weeks over the utility’s corporate culture. The president of the California Public Utilities Commission had in November widened his investigation of PG&E to include its “safety culture” more generally.

“In our opinion, [PG&E] has significant organizational and leadership problems that have eroded the utility’s trust capital in Sacramento,” the investment advisory firm Height Securities said in a note at the time.

The company was already on federal probation as a result of a 2010 natural-gas pipeline explosion in San Bruno, Calif., that exposed violations of the Natural Gas Act and led to obstruction-of-justice charges. The five-year probation period runs through this year.

PG&E said it was required to give employees at least 15 days’ notice before it filed for bankruptcy, which it plans to do “on or about” Jan. 29.

PG&E said that, as of last week, it had about $1.5 billion in “cash or cash equivalents on hand” and was in discussions with “a number of major banks” to secure more than $5 billion to fund its ongoing operations as it seeks bankruptcy protection.

As a regulated utility, PG&E has appealed to the California Public Utilities Commission for higher gas and electric rates to recover costs. And the company has appealed to the California state legislature for protection, asking it to cap liabilities stemming from the fires.

Few politicians want to rush to the defense of a big utility, but many policy experts argue that PG&E wouldn’t be in this position if it weren’t for a unique California legal standard that makes utilities strictly liable for damages from wildfires linked to their equipment, even if the utilities were not negligent or unreasonable.

“The report of PG&E’s likely bankruptcy is deeply concerning news for the state, fire victims, and ratepayers,” California State Assembly member Chris Holden (D) said in a statement. “We don’t want to see the victims victimized again.” Holden, who has been an ally of PG&E, said he would work with the legislature and the state’s new governor, Gavin Newsom (D), on how to protect fire victims and ratepayers.

Newsom issued a statement saying that he would seek “a solution that ensures consumers have access to safe, affordable and reliable service, fire victims are treated fairly, and California can continue to make progress toward our climate goals.” He said the utility should “honor promises made to energy suppliers and to our community.”

Energy suppliers and the community, however, will join others with unsecured claims. Much of the power over how much they receive depends on how much higher the California Public Utilities Commission is willing to raise rates, PG&E’s revenue source.

PG&E, formed more than a century ago, has been blamed for dozens of major California fires that have started when trees have fallen on power lines, sending sparks onto dry grass or other trees. In response in May to a report by the California Department of Forestry and Fire Protection (Cal Fire) regarding October 2017 blazes, PG&E said it prunes or removes about 1.4 million trees a year in an effort to prevent such fires.

The company, which serves about 5.4 million electricity customers and 4.5 million natural-gas customers, also blamed changing weather for exacerbating the task of preventing fires. “Years of drought, extreme heat and 129 million dead trees have created a ‘new normal’ for our state,” the company said.

Moody’s investor rating service warned Nov. 15 that the potential liability of 21 major wildfires in 2017 was roughly $10 billion and that the destructive 2018 Camp Fire, which devastated the town of Paradise, Calif., and killed 86 people, would add further costs. PG&E said the cause of that fire was still under investigation, but Cal Fire is focusing on several of the utility’s transmission lines and towers.

The 2018 fires have compounded concerns about the viability of the company. Its stock has plunged about 80 percent since early November, wiping out about $19 billion of market value.

S&P Global’s Grosberg said that PG&E’s ratings were slashed as “public anger” spread after the Camp Fire, with protesters demonstrating outside a regulatory hearing in late November and in front of PG&E’s headquarters in early December.

“All Californians sympathize deeply with the victims of our recent catastrophes, which caused dozens of deaths and wreaked unprecedented destruction across the state,” the NRDC’s Cavanagh said. “But victims’ interests won’t be served by pushing utilities into bankruptcy, converting wildfire sufferers into one more class of frustrated creditors pursuing inadequate funds.”

Scott Wilson contributed to this report.

Source: Washington Post Daily Newspaper – Posted January 14, 2019; retrieved January 30, 2019 from: https://www.washingtonpost.com/technology/2019/01/14/pge-file-bankruptcy-following-devastating-california-wildfires/?noredirect=on&utm_term=.b0662c33d98e

———-

VIDEO – California deadly Camp & Woolsey fires, compared by the numbers  – https://www.washingtonpost.com/video/national/californias-deadly-camp-and-woolsey-fires-compared-by-the-numbers/2018/11/20/7d71bb96-ecd3-11e8-8b47-bd0975fd6199_video.html

Published January 14, 2019 – The wildfires reduced Paradise to ashes and razed much of Malibu’s landscape. (Luis Velarde /The Washington Post)

This foregoing article was composed before hand, with the anticipation that PG&E would file bankruptcy, despite being profitable – see Appendix below. They did file; see here:

January 29, 2019 – Pacific Gas and Electric’s bankruptcy filing on Tuesday, to deal with billions of dollars in wildfire liability, set off a scramble by the company, investors and elected leaders in California to protect themselves and influence what happens next.

The corporate reorganization is shaping up to be one of the most complicated and difficult in recent years. In addition to traditional legal tussles between the company and its creditors and suppliers, the bankruptcy court will contend with demands by California officials and victims to force PG&E to pay damage claims estimated at tens of billions of dollars for wildfires started by its equipment. 
See the full article here; (retrieved January 30, 2019): https://www.nytimes.com/2019/01/29/business/energy-environment/pge-file-bankruptcy.html

This is about the Social Contract – where citizens surrender some of their freedoms and submit to the authority of the State in exchange for protection of remaining natural and legal rights. The important lesson is that to have security and justice, there must be an economic requirement as well. The book Go Lean…Caribbean presents a roadmap to reform and transform the Caribbean societal engines of economics, security and governance. It introduces a new federal government branded the Caribbean Union Trade Federation (CU); this plan asserts that bankruptcy functionality must be elevated to federal jurisdiction rather than remain at the member-state level for processing. The need for justice is the rationale why; (as related here from the Go Lean book):

Ways to Impact Turn-Arounds – Bankruptcy Processing (Page 33)
Upon acceding this treaty, all bankruptcy processing in the region will be assimilated under the CU Federal Courts – applying to individuals, companies and even municipalities – thereby bringing protection to plaintiffs, but also balance and fairness to creditors.

Separation of Powers – Federal Courts (Page 90)
Upon the accedence of this CU Trade Federation, all the bankruptcy processing in the region will be assembled and rolled under the federal courts. These cases apply for individuals, companies and even municipalities. This federalized process will bring protection to plaintiffs, but also will bring balance and fairness to the creditors and avoid abuse by debtors.

Ways to Better Manage Debt – CU Federal Bankruptcies (Page 114)
When debt become too excessive and can no longer be managed by the debtor, the usual solution is bankruptcy. Most advanced economies even allow for governmental entities to avail this privilege. The CU treaty will grant this oversight (and receivership) to CU federal courts, with a mandate to lean towards reorganization, rather than outright dismissal of legitimate debt, though all creditors may have to take a “hair-cut” (minor loss). The courts will appoint direct receivership to Trustees to facilitate the processing of the bankruptcy obligations for municipalities, companies and individuals.

This bankruptcy theme aligns with previous Go Lean commentaries; see a sample list here:

https://goleancaribbean.com/blog/?p=15965 Retail Apocalypse and Sears Bankruptcy; Another One Bites the Dust
https://goleancaribbean.com/blog/?p=15787 Lessons Learned from 2008: Too Big to Fail –vs- Too Small to Thrive
https://goleancaribbean.com/blog/?p=11647 Righting a Wrong: Puerto Rico’s Bankruptcy
https://goleancaribbean.com/blog/?p=3311 Detroit to exit historic bankruptcy

If bankruptcies are not regulated with the economic engines, then justice becomes elusive. This is because, as the Go Lean book posits, “bad actors” will always emerge in times of economic optimizations to exploit opportunities, with bad or evil intent. The institutions must be in place to marshal against injustice in society. Once there is a reckoning, it must not be easily undermined with abusive bankruptcy practices.

Everyone in the Caribbean, the people and institutions, are hereby urged to lean-in to this Go Lean roadmap for elevation of Caribbean society. The roadmap calls for the heavy-lifting so that justice institutions, including the courts, can execute their responsibilities in a just manner, thus impacting the Greater Good.

We must do the heavy-lifting to ensure justice reigns – no justice; no peace. This is how we can make our homeland a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xvi. Whereas security of our homeland is inextricably linked to prosperity of the homeland, the economic and security interest of the region needs to be aligned under the same governance. Since economic crimes … can imperil the functioning of the wheels of commerce for all the citizenry, the accedence of this Federation must equip the security apparatus with the tools and techniques for predictive and proactive interdictions.

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

—————

Appendix – PG&E Fortune 500 Metrics

PREVIOUS RANK: 157
REVENUES ($M): $17,135
REVENUE CHANGE: -3.0%
PROFITS ($M): $1,646.0
PROFIT CHANGE: 18.2%
ASSETS ($M): $68,012
MARKET VALUE AS OF 3/29/18 ($M): $22,664
EMPLOYEES: 23,000

Source: Retrieved January 30, 2019 from: http://fortune.com/fortune500/pge-corp/

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European Reckoning – China seeks to de-Americanize the world’s economy

Go Lean Commentary

How did the world measure money and wealth in the past? Simple: Gold.

Then in 1971, the US changed from the Gold Standard … to a Non-Gold Standard or Fiat money. (The Gold Standard refers to the monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century). Now the value of American money is measured by “American money” (declared value). But wait, wait: the rest of the world’s money is also now measured by American money – the world measures money and wealth by US Dollars! (See the Appendix VIDEO below).

Even in Europe; when the Euro currency was launched in 1999, it was pegged close to the US dollar 1-to-1.17. Today, the world’s economy is measured by US Dollars (USD) and the Euro, which continue to be the primary reserve currency of most commercial and central banks[54]. The Dollar is first and the Euro is the second most widely held international reserve currency. As of August 2018, with more than €1.2 trillion in circulation, the Euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.[13]

Now the rest of the world – China most definitely – wants to de-Americanize the world’s economy. The world’s population is nearly 7 billion people, while the combined populations of the US and the EU is a little less than 1 billion; (340 million + 508 million respectively). There are some Big countries and Big economies at stake: think China with their 1.3 Billion people or India with their 1.2 Billion.  It is therefore logical to contemplate de-Americanizing the world’s economy – it makes so much sense. In addition, at the time of this writing, the US is in the midst of a federal government shutdown … again.

It is therefore plausible, viable and prudent for non-American stakeholders to want to be shielded from American chaos. See this reasoning in this White Paper here; published by the Government of Canada:

Title: Chimerica – The Beginnings of a New Regional Reserve

What is it?
Chinese concerns over the ability of the U.S. to manage its debt have led to recent calls by China to “de-Americanize” the world economy and seek an alternative to the U.S. dollar as the international reserve currency.1 As far back as 2008, China proposed the need for a new international currency reserve which would limit the importance of any one national currency.2

In recent times, the U.S. economy has avoided a debt crisis by raising the debt ceiling level. Any adjustment has the potential to impact the Chinese economy, given the level of exposure to U.S. securities. The People’s Bank of China (PBOC) has amassed US$3.5 trillion in foreign reserves – largely U.S. Treasury securities. The fact that a single institution wields so much influence over global macroeconomic stability has caused considerable anxiety, with doomsayers predicting that doubts about U.S. debt sustainability will force China to sell off its holdings of U.S. debt. This would drive up interest rates in the U.S. and ultimately could trigger the dollar’s downfall.

However, selling off U.S. Treasury securities may not be in China’s interest, as it would drive up the renminbi’s (RMB) exchange rate against the U.S. dollar, diminishing the domestic value of China’s reserves and undermining the export sector’s competitiveness. Indeed, a U.S. Defense Department report last year on the national security implications of China’s holdings of U.S. debt concluded that “attempting to use U.S. Treasury securities as a coercive tool would have limited effect and likely would do more harm to China than to the [U.S.].”3

U.S. debt is only one side of the coin. Economist Robert Shiller believes that the real estate bubble is a serious problem in China.4 According to Shiller, people are buying apartments in the expectation that house prices will continue to rise. This gambling mentality is leading them to make completely irrational buying decisions. Slowing economic growth and exports has the potential to expose a serious financial bubble in the Chinese housing sector. The banking sector in China would need to be recapitalized should the Chinese housing bubble burst.

Why is it important?
The symbiotic relationship between Chinese export-led growth and U.S. consumption is such that should one economy falter the other will follow. Both of these disruptors exist against a backdrop of rising bilateral trade using national currencies and a call by the International Monetary Fund for a new global currency to replace the U.S. dollar.5

Research by AMRO-Asia, the chief economists of ASEAN+3, finds that while the U.S. remains the anchor currency in the Asian region, the U.S. dollar has “seemingly lost its dominating status.”6 At the same time, the weight of the RMB in regional currency baskets has been increasing since 2005.7  8 The rise of the RMB as the Asian regional reserve has implications for regional trade and global growth. In the long run, the success of the U.S. economic pivot to Asia is likely to be slowed by the rise of the RMB and the corresponding decline in U.S. economic power. Over the last decade, U.S. growth has been facilitated by Chinese holdings of U.S. securities. Questions remain as to whether a decoupling in the long run will have a positive outcome for China and the U.S. as well as global growth.

References

  1. Puzzanghera, J. “Upset over U.S. Fiscal Crisis, China Urges a ‘de-Americanized World’.” Los Angeles Times. October 2013. http://www.latimes.com/business/money/la-fi-mo-china-debt-limit-shutdown-de-americanized-economy-20131014,0,1990632.story#ixzz2mwhEb6II(link is external)
  2. Landler, M. “Seeing its Own Money at Risk, China Rails at U.S.” The New York Times. October 2013. http://www.nytimes.com/2013/10/16/us/politics/china-rails-over-us-fiscal-crisis-seeing-its-own-money-at-risk.html?_r=0(link is external)
  3. Morrison, W. and M. Labonte. “China’s Holdings of U.S. Securities: Implications for the U.S. Economy.” (CRS Report for Congress.) Congressional Research Service. August 2013. http://www.fas.org/sgp/crs/row/RL34314.pdf(link is external)
  4. “2013 Nobel Prize winner: China’s real estate bubble is serious.” People’s Daily Online. October 2013. http://english.people.com.cn/business/8427784.html(link is external)
  5. Snyder, M. “Shift From U.S. Dollar As World Reserve Currency Underway – What Will This Mean For America?” munKnee. http://www.munknee.com/shift-from-u-s-dollar-as-world-reserve-currency-underway-what-will-this-mean-for-america/(link is external)
  6. Chen, C., R. Siregar and M Yiu. “RMB as an Anchor Currency in ASEAN, China, Japan and Korea Region.” ASEAN+3 Macroeconomic Research Office. April 2013. https://www.cb.cityu.edu.hk/ef/doc/Conference%20on%20Renminbi%20and%20the%20Global%20Economy/papers/Chuling%20Chen.pdf(link is external)
  7. Chong, F. “Is RMB Approaching Safe Haven Status?” Asia Today International. June 2013. http://asiatoday.com.au/content/rmb-approaching-safe-haven-status(link is external)
  8. Irwin, N. “This one number explains how China is taking over the world.” Washington Post. December 2013. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/03/this-one-number-explains-how-china-is-taking-over-the-world/

Source: Government of Canada – Posted September 28, 2018; retrieved January 17, 2019 from: http://www.horizons.gc.ca/en/content/chimerica-%E2%80%93-beginnings-new-regional-reserve

This commentary continues a 5-part series on European Reckoning. This entry is 2 of 5 in this series from the movement behind the book Go Lean … Caribbean in consideration of the past, present and future of European interactions. While the Caribbean were all settled and organized by European powers, the lack of organizational efficiency for our benefit is a glaring concern. We have 30 member-states in the Caribbean region and yet, there is no coordinated regional stewardship of the economic, fiscal and monetary affairs of our communities. The other commentaries in the series are cataloged as follows:

  1. European Reckoning: IMF Apologies
  2. European Reckoning: China seeks to de-Americanize the world’s economy
  3. European Reckoning: Settlers -vs- Immigrants
  4. European Reckoning: Christianity’s Indictment
  5. European Reckoning: Black “Greco-Roman” Wrestler victimized for his hair

In the first submission of this series, the European Great Powers were also identified as the Western Alliance. It’s comprised of only White/Christian European nations and North America (US & Canada). It is understandable therefore if Asian, African or Latin American people do not feel adequately represented in the governance of the world’s economy. Yes this status quo is flawed. The US, being the dominant currency in global trade has proven fraught with deficiencies. The aft-mentioned “shutdown” – when Congress fails to pass sufficient appropriation bills or continuing resolutions to fund federal government operations and agencies, or when the President refuses to sign such bills or resolutions into law – is not the first one. In fact, there have been these previous shutdowns in the last 40+ years:

Since 1976, when the current budget and appropriations process was enacted, there have been 22 gaps in budget funding, 10 of which led to federal employees being furloughed. – Source: Wikipedia

The world must not wait for the US to get their political house in order before we can do business. China is a strong advocate for this de-Americanizing effort. Does this mean they want to supplant the US Dollar for their own Renminbi? (This is the currency of the People’s Republic of China, the basic unit of which is the yuan). If the answer to this question is Yes, then that would be China’s prerogative to address the needs of their economy.

Our focus in the Caribbean, must be first and foremost the Caribbean.

The advocacy of the movement behind the Go Lean book is to implement the institutional solutions to do the heavy-lifting ourselves to manage our own economic, fiscal and monetary affairs.

  • Not to be a parasite of the United States of America or Europe.
  • Not to be a parasite of China.

The proposed solution is the Caribbean Central Bank (CCB); this is structured as a formal “cooperative” among the region’s existing Central Banks. The CCB is modeled upon the European Central Bank (ECB), the same as the Caribbean Union is modeled upon the European Union. This CCB institutional strategy also calls for the introduction of a regional currency, the Caribbean Dollar (C$). The CCB will therefore be the sole controlling agent of the monetary policies of this regional C$ currency.

Introducing and implementing a new currency is a Big Deal. But yes, we can succeed! We have a proven track record – the Euro – to model and learn from. This theme of technocratic monetary and currency stewardship has been detailed in many previous Go Lean commentaries; see a sample list here:

https://goleancaribbean.com/blog/?p=15923 Industrial Reboot – Payment Cards 101
https://goleancaribbean.com/blog/?p=14248 Leading with Money Matters – Almighty Dollar
https://goleancaribbean.com/blog/?p=13744 Failure to Launch – Economics: The Quest for a ‘Single Currency’
https://goleancaribbean.com/blog/?p=13365 West African Case Study: ECOWAS to Launch ‘Single Currency’
https://goleancaribbean.com/blog/?p=10585 Two Pies: Economic Plan for a New Caribbean
https://goleancaribbean.com/blog/?p=10513 Transforming ‘Money’ Countrywide – Lessons Learned from India
https://goleancaribbean.com/blog/?p=8704 Lessons Learned from NYC’s Transit Currency: MetroCard
https://goleancaribbean.com/blog/?p=8381 Caribbean Economic Fallacy: Casino Currency US Dollars Only
https://goleancaribbean.com/blog/?p=7034 The Future of our Money – C$ Currency & Mobile Payment Systems
https://goleancaribbean.com/blog/?p=4425 Caribbean Dollar Reality: Cash/Coin, Payment Cards and iPhone
https://goleancaribbean.com/blog/?p=3814 Lesson Learned from the Swiss Currency Management
https://goleancaribbean.com/blog/?p=906 Implementing a Regulatory framework to dissuade ‘risky’ currecy
https://goleancaribbean.com/blog/?p=833 One currency, divergent economies
https://goleancaribbean.com/blog/?p=360 Why need local/regional currency? To Create Money from Thin Air

Having the American Dollar regulate the world economy has not been good … for anyone but America, when “they” are operating in a Situation Normal. But today, and 22 times in the last 43 years that they have had government shutdowns, it is Situation Normal All Foul Up (SNAFU). Moving that currency functionality to the Euro may be more of the same: there is also discord in the Euro lands – think Brexit and the Greece Sovereign Debt crisis.

What about moving the “world currency” functionality to China, or India, or Japan? Again, while these moves may be good for those countries, they may not necessarily be as good for the rest of the world, or our world in the Caribbean. This is what independence should mean to us: taking care of our own economic, fiscal and monetary needs. Even better than independence would be a regional interdependence among just our Caribbean neighbors.

Now is the time for the Caribbean region to lean-in for this roadmap for the Caribbean Union Trade Federation and the Caribbean Central Bank, as described in the book Go Lean … Caribbean. The benefits of this roadmap are vast and varied, but first we stop being a parasite of these European-North American (White) World Powers; not parasites, we become protégés instead.

Yes, we can … make the Caribbean, our homeland, a better place to live, work and play. 🙂

About the Book
The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the technocratic Caribbean Union Trade Federation (CU), for the elevation of Caribbean society – for all member-states. This CU/Go Lean roadmap has these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to ensure public safety and protect the resultant economic engines.
  • Improve Caribbean governance to support these engines, including a separation-of-powers between the member-states and CU federal agencies.

The Go Lean book provides 370-pages of turn-by-turn instructions on “how” to adopt new community ethos, plus the strategies, tactics, implementations and advocacies to execute so as to reboot, reform and transform the societal engines of Caribbean society.

Download the free e-Book of Go Lean … Caribbean – now!

Who We Are
The movement behind the Go Lean book – a non-partisan, apolitical, religiously-neutral Community Development Foundation chartered for the purpose of empowering and re-booting economic engines – stresses that reforming and transforming the Caribbean societal engines must be a regional pursuit. This was an early motivation for the roadmap, as pronounced in the opening Declaration of Interdependence (Pages 12 – 13):

xi. Whereas all men are entitled to the benefits of good governance in a free society, “new guards” must be enacted to dissuade the emergence of incompetence, corruption, nepotism and cronyism at the peril of the people’s best interest. The Federation must guarantee the executions of a social contract between government and the governed.

xii. Whereas the legacy in recent times in individual states may be that of ineffectual governance with no redress to higher authority, the accedence of this Federation will ensure accountability and escalation … for good governance, justice assurances, due process and the rule of law. As such, any threats of a “failed state” status for any member state must enact emergency measures on behalf of the Federation to protect the … member states and the Federation as a whole.

xxiii. Whereas many countries in our region are dependent Overseas Territory of imperial powers, the systems of governance can be instituted on a regional and local basis, rather than requiring oversight or accountability from distant masters far removed from their subjects of administration. The Federation must facilitate success in autonomous rule …

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

xxv. Whereas the legacy of international democracies had been imperiled due to a global financial crisis, the structure of the Federation must allow for financial stability and assurance of the Federation’s institutions. To mandate the economic vibrancy of the region, monetary and fiscal controls and policies must be incorporated as proactive and reactive measures. These measures must address threats against the financial integrity of the Federation and member-states.

Sign the petition to lean-in for this roadmap for the Caribbean Union Trade Federation.

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Appendix VIDEO – How The U.S. Dollar Shaped The World Economy – https://youtu.be/EbJk1za74kE

NBC News
Published on Dec 21, 2014 – The official currency of the United States, the Federal Reserve Note, marks 100 years since it was first printed. Matt Rivera tracks the rise of the world’s reserve currency.

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How The U.S. Dollar Shaped The World Economy | Long Story Short | NBC News

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See an alternative yet relevant VIDEO here: https://youtu.be/CQMiNu6FI4M

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