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One Year since Covid-19 Hit The Caribbean, There’s Still Hope for Better Days In the Future

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#TurksandCaicos, March 17, 2021 – As the Caribbean territories marked one year of Coronavirus pandemic in the region on Monday, March 1, 2021, the past year has been one of the most uncertain years ever in all aspects. The pandemic has had a tremendous social, economic, and cultural impact in the Caribbean region.

Even though many businesses have been lost within the one year of terror, employments shrank, and many lost their lives, there is still hope for a better tomorrow.

But it’s not all lost as there have been incredible stories of human creativity, ingenuity, and resilience, as the grim anniversary hit the dot on March 1, 2021. This was precisely the same date in 2020 when the first Covid-19 case was reported in the region.  Ten days later, on March 11, WHO declared Covid-19 a global pandemic.

The controlled movements of people into Caribbean countries were imposed 27 days before the first case was reported. And controlled movement within the countries imposed 9 days after the first case was reported, with controls of gatherings set, 1 day after the first case was confirmed.

The highest number of Covid-19 cases and deaths have been reported in the Dominican Republic, with the lowest number of infections reported in Dominica, St. Kitts, and Nevis, where the cases are still below 100 since the first case was reported, with no recorded Covid-19 related deaths so far.

The overall recovery rate in the Caribbean is also on a rising trend, and the efforts to get everyone vaccinated are gaining traction. In the Turks and Caicos Islands, the first confirmed case was reported on March 23, 2020; eight days after The Bahamas.

Since the first Covid-19 case was reported in TCI, the Islands have recorded 2,233 cases, with 15 death cases. The country recorded the highest daily infections on January 28, reaching a record 81newly reported cases.

The number of confirmed cases is currently dropping, with a daily average of 8 new cases reported in the past week.  And with the new regime’s efforts, there is a renewed hope for zero new infections in the future.

Since the Caribbean countries depend on the blue economy and tourism, travel restriction, lockdowns, and social distancing rules crumbled most of the unstable economies, with many countries plunging into more external debts. 

While the Coronavirus spread in most Island countries remained low for quite some days, even months before the pandemic started having effects on the Islands economies, the number of new infections gradually increased, with a drop in the daily average the stringent measures put in place.

And with the availability of Covid-19 vaccines, the situation is expected to improve tremendously in the coming days.   

Bahamas News

Digital coin created for Caribbean’s Dominica as island partners with Huobi

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – The Commonwealth of Dominica has partnered with cryptocurrency exchange Huobi, to issue its own national cryptocurrencies, Dominica Coin (DMC), and Digital Identity Documents (DID), already reports indicate a surge for the Huobi token.

This new collaboration with Dominica will bring the Caribbean one step closer to being a global cryptocurrency exchange centre.  Huobi also announced its intention to move headquarters from Seychelles to the Caribbean.

It was explained, “The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.”

Dominica Coin (DMC) and digital identity documents (DID) will be issued by Huobi Prime via the TRON network (a project dedicated to building the infrastructure for a truly decentralized Internet); both will serve as credentials for the future metaverse platform based in Dominica. DIDs can be used for cryptocurrency Know Your Customer verification, applying for loans, and opening bank accounts on the island.

The DMC is not yet ready for launch, but The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.

As one of the first Caribbean islands to adopt the citizenship-by-investment policy, the Dominican government is seeking to delve into the metaverse and Web3 technology as a means to boost the country’s development.

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Bahamas News

Imminent Worldwide Measles Threat; 25 Million CHILDREN miss First Dose

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By Dana Malcolm

Staff Writer

 

December 2, 2022 – Forty million children are at risk of Measles as what the World Health Organization is describing as an “imminent threat” takes shape. A joint report between the WHO and the U.S. Centres for Disease Control revealed that a record number of children missed their measles dose with 25 million children missing their first dose and 14.7 million children missing their second dose in 2021 alone.

Nine million cases of measles were recorded last year, twenty-two countries experienced large and disruptive outbreaks and 128,000 deaths occurred, the report says.

“The paradox of the pandemic is that while vaccines against COVID-19 were developed in record time and deployed in the largest vaccination campaign in history, routine immunization programmes were badly disrupted, and millions of kids missed out on life-saving vaccinations against deadly diseases like measles,” said Dr. Tedros Ghebreyesus, WHO Director-General.

Measles is easily one of the most contagious viruses in the world and while many people think itchy spots when they think of the disease it can cause pneumonia, seizures and brain damage in about 30 percent of infected individuals.

Herd immunity will not work with this disease, say experts, unless 95 per cent of people or more are vaccinated; only 71 per cent of children in 2022 are fully vaccinated.

“Measles anywhere is a threat everywhere” the report said, emphasizing that no WHO region has achieved and sustained measles elimination.

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Bahamas News

FTX founder Sam Bankman-Fried admitted he’d screwed up

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – An interview with FTX founder Sam Bankman- Fried on Wednesday at the DealBook Summit revealed that there were no risk management teams or form of corporate control to help govern the organisation.

Bankman-Fried resigned from his position in November following a liquidity crisis that resulted in the loss of billions in customer funds.

The CEO said he was shocked by what had taken place.  While he had made loans to his hedge fund Alameda, Bank-Fried said he did not intentionally commingle the funds.

Bankman-Fried acknowledged that he had a responsibility to the company and all its customers but he “screwed up.” “There was no person who was chiefly in charge of positional risk of customers on FTX, and that feels pretty embarrassing in retrospect,” he shared.

The investigation is ongoing and it still needs to be clarified whether customers will be able to regain any funds.

Former Securities and Exchange Commission lawyer Howard Fischer said that Bankman-Fried’s comments are being scrutinised.  “Everything he says that turns out to be contradicted by admissible evidence will be taken as evidence of deceit.”

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