<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Another world
In Jamaica important facts surface briefly like drowning fish in Kingston Harbour, never to be heard from again. While Mr Golding was busy backing the Spanish hotel developers it was reported almost by the way:
"The project is receiving funding of US$100 million from Spanish investors and US$80 million from Jamaica's National Commercial Bank and will provide employment for more than 1,000 Jamaicans at a time when other hotel projects, including Trelawny's multi-billion-dollar Harmony Cove and the 2,000-room Excellence Group rest in limbo.(http://www.jamaica-gleaner.com/glean...ead/lead2.html)
Resting in limbo, indeed. And this despite the enormous sums of Jamaican taxpayers' money spent on the expensive physical infrastructure for these Arabian nights fantasies.
The problem is that all the super-fancy resort developments are in trouble or will be soon. They are facing the double whammy of worldwide tight credit and an evaporating high-end consumer market. I confidently expect to hear that the monstrous cruise ship, Oasis of the Seas, is on hold, to be followed by immediate comfort statements from Jamaica telling us all not to worry: Falmouth will be destroyed anyway.
David Jessop asked last week what we are going to do now that the British and the Europeans are imposing new taxes on air travel to faraway places like the Caribbean, designed to slash the effect of aviation on global warming.
We are not planning any responses to these disasters, depending instead on rescue by Brazilian investors in ethanol - food for cars - when we need to get people to plant backyard food gardens and transform idle sugar land to growing food. I pointed out a few years ago that, on acreage equal to that of Monymusk - one of the smallest Jamaican sugar estates - farmers in Florida were producing US$60 million worth of citrus. We are clearly too advanced for anything like that.
We will, of course, be able to eat bauxite.
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John Maxwell
In Jamaica important facts surface briefly like drowning fish in Kingston Harbour, never to be heard from again. While Mr Golding was busy backing the Spanish hotel developers it was reported almost by the way:
"The project is receiving funding of US$100 million from Spanish investors and US$80 million from Jamaica's National Commercial Bank and will provide employment for more than 1,000 Jamaicans at a time when other hotel projects, including Trelawny's multi-billion-dollar Harmony Cove and the 2,000-room Excellence Group rest in limbo.(http://www.jamaica-gleaner.com/glean...ead/lead2.html)
Resting in limbo, indeed. And this despite the enormous sums of Jamaican taxpayers' money spent on the expensive physical infrastructure for these Arabian nights fantasies.
The problem is that all the super-fancy resort developments are in trouble or will be soon. They are facing the double whammy of worldwide tight credit and an evaporating high-end consumer market. I confidently expect to hear that the monstrous cruise ship, Oasis of the Seas, is on hold, to be followed by immediate comfort statements from Jamaica telling us all not to worry: Falmouth will be destroyed anyway.
David Jessop asked last week what we are going to do now that the British and the Europeans are imposing new taxes on air travel to faraway places like the Caribbean, designed to slash the effect of aviation on global warming.
We are not planning any responses to these disasters, depending instead on rescue by Brazilian investors in ethanol - food for cars - when we need to get people to plant backyard food gardens and transform idle sugar land to growing food. I pointed out a few years ago that, on acreage equal to that of Monymusk - one of the smallest Jamaican sugar estates - farmers in Florida were producing US$60 million worth of citrus. We are clearly too advanced for anything like that.
We will, of course, be able to eat bauxite.
</div></div>
John Maxwell
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