Oh Yes, Mr. Peters

Commission members John Peters, Gordon Charles and BrianLouisy.

Dear John: In your column of November 19 you accuse me of journalistic mischief, indicating that I had suggested that you possessed insider information on the recent CDB Report. That implication however came from your article of October 1 in which you state “In fact my understanding is that the report went even further to advise that the analysis is showing that a reduction in VAT has a minimal multiplier effect, and thus will not improve the revenue of Government.”

Where The Sun Rises and Shines

WHY does the sun rise in the east and set in the west? Perhaps, it’s because the global economy spins towards the east. Already we know that the Sun, the Moon, the planets and the stars all rise in the east and set in the west. As major economies have long tied their economic fortunes to the east, many more – especially emerging markets – are increasingly turning east where the sun rises, giving their backs to the west.

Being Left Behind

Commission members John Peters, Gordon Charles and BrianLouisy.

IN the 1950’s when St Lucia took the decision to move away from sugar and go into bananas, it was a strategic move that brought great fortune to our country. We became leaders in the OECS in the banana trade, and at one point we were producing over 127,000 tons for export. However in the early 1990’s the banana train derailed and we have been in economic turmoil since.