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16 Graduate from Save The Bays International YEA Leadership Training Program

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The Bahamas, 01 Dec 2015 – On the eve of the opening of the largest gathering ever assembled for an environmental conference, the Paris conference on climate change, 16 Bahamians joined the ranks of those equipped to teach leadership and the environment. They are the graduates of this year’s Youth Environment Ambassadors (YEA) training, a cooperative effort between the growing local environmental movement Save The Bays and the internationally acclaimed Center for Creative Leadership, Financial Times Top Five Worldwide in Executive Education. The training sessions were made possible in part by a grant from RBC to Save The Bays.

“These are critical times in the life of this nation and its people, especially the young,” said Save The Bays Chairman Joseph Darville. “It is based upon that realization that we have developed this model that allows us to work with internationally renowned experts instilling in these very special young people knowledge about critical ecosystems and the kind of personal development that will pave the way for them to serve in leadership roles going forward.”

The newly-minted graduates who underwent intensive leadership skills training will not have to wait long to test their strengths.

From mid-January to May, they will lead up to 40 junior high school students in Grand Bahama on semi-monthly environmental education sessions delving into sensitive and sometimes threatened ecosystems. The program, which includes immersion in six ecosystems, moves from the classroom to the field and has led students in past years to places as diverse as the expected like coral reefs to the unexpected, including the Grand Bahama Power Company and the Grand Bahama Shipyard to better understand the industrial pressures on fragile environments and what measures are being implemented to mitigate against those pressures.

This will be the third session of the YEA program operated by Save The Bays. The first session was so popular that nearly twice as many students ages 12-14 showed up to register as the program could handle. Save The Bays is hoping to extend YEA to Nassau and at least two Family Islands in the coming years.

“As awareness of the importance of the environment builds and becomes a part of the national conversation in a country so vulnerable to climate change and other influences that can change our way of living and threaten our very survival, I believe one of the most valuable roles Save The Bays can play is to enable the training of persons who will become dynamic leadership stewards for our future.”

Since its launch in April 2013, Save The Bays has grown with its Facebook page attracting nearly 9,000 friends and fans and a petition to government urging comprehensive environmental legislation and an end to unregulated development gaining close to 5,000 signatures. Its voice in bringing attention to matters like oil pollution in Clifton Bay has rung out in the highest offices with Minister of the Environment Kenred Dorsett, now a delegate at the Paris conference, last week decrying the fuel he said was leaking daily from BEC into Clifton Bay.

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UK Prime Minister Liz Truss forced to break tax cut promise

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By Dana Malcolm

Staff Writer

 

#UnitedKingdom, October 6, 2022 – A month into her tenure as Liz Truss, UK Prime Minister is going back on one of her biggest campaign promises to cut taxes for certain British citizens.

The tax cut in question had been part of the PMs signature campaign to ease the economic burden in the UK and one that she and former Finance Minister and candidate for Prime Minister Rishi Sunak had repeatedly clashed about. It would have seen the top earners, meaning anyone bringing in over £150 thousand a year, pay less money to the government.

Unfortunately the plan rocked Britain’s economy pushing the pound on par with the US dollar for the first time in years.

It is an economic blow, and at a time when families are already struggling with incredibly high energy bills and inflation. The money to find these tax cuts would have been borrowed an idea that her own party signaled it would vote against.  In addition to the economic impacts British citizens had also been strongly opposed to that facet of the economic plans.

In letting go of the tax cut, Truss said, “We get it and we have listened” the admission coming days after she defended it to the public.

Still there are parts of the larger package that will still go on which will afford tax cuts to lower income families and put a cap on energy costs.

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Bahamas News

Regressive recession looming, forces UN to issue Cease and Desist message to ‘big’ countries

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By Dana Malcolm

Staff Writer

 

October 6, 2022 – Central Banks in advanced nations must stop pushing up interest rates now or risk sending the globe into recession where developing nations suffer most according to the UN.

In the last several months, The U.S. Federal Reserve, the Bank of England and Bank of Canada have all spiked interest rates in an effort to control borrowing power, buying power and possibly push down inflation

A new report from the United Nations Conference on Trade and Development is warning them to cease and desist.

“The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies.”  It said, mincing no words, the agency described the potential global recession as ‘policy induced’ by developed countries.   And this recession could be worse than the 2008 crisis.  This is especially true for developing countries like those in the Caribbean.

“While all regions will be affected, alarm bells are ringing most for developing countries, many of which are edging closer to debt default.” The agency said.

And if it happens the recession could set developing nations back years in the struggle to increase their standards of living.

“As climate stress intensifies, so do losses and damage inside vulnerable economies that lack the fiscal space to deal with disasters let alone invest in their own long-term development— The global slowdown will further expose developing countries to a cascade of debt, health, and climate crises.”

If the globe proceeds as is the world will lose 20 percent of its income by and push developing economies growth rate below 3 percent which the UN says  is ‘insufficient for sustainable development’

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Caribbean News

Inaugural FinTech Conference on now in Barbados

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By Sherrica Thompson

Staff Writer

 

#Barbados, October 6, 2022 – Barbados is now hosting the first-ever global fintech conference in the Caribbean.

Over 300 delegates from across the globe and varying sectors within the industry will be attending the event. It began on Wednesday October 5, concluding October  7 and is being staged at the Hilton Barbados.

The Fintech Islands conference will feature renowned fintech leaders delivering key addresses and over 20 hours of curated content. The mandate of the event is to create a world-class event that will be a catalyst for the growth of the fintech ecosystem in the Caribbean.

One major highlight of the conference will be the welcome address by the Prime Minister of Barbados, Mia Mottley, who will also host an exclusive VIP meet and greet.

Some of the major themes of the event that are relevant to the context of the Caribbean venue are Financial Inclusion, Climate Fintech, Cryptocurrencies and Decentralised Finance and Embedded and Open Finance.

The event will have a range of speakers from founders, CEOs and fintech leaders from North America, Latin America (LATAM), Europe and Africa.

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