Stabroek Weekend

The BoG overdraft, central bank independence and corruption

The previous column (April 4: ‘The government’s overdraft at BoG, the fiscal deficit and corruption’) explained that the government’s fiscal deficit — which must not be confused with current account deficit as one online commenter did — has to be financed by (i) borrowing, (ii) seeking foreign grants, (iii) using previous savings, and/or (iv) creating money from its deposit at the Bank of Guyana (BoG).

A shining life

Two days ago, out of the blue, I had an awful experience with the sudden death of a friend here, Colin Ming, in a traffic accident (he was on a motorbike) that just shattered me. 

Ulysses and the Sirens by John William Waterhouse, 1891 (Google Arts & Culture)

Ulysses revisited

Ulysses It little profits that an idle king, By this still hearth, among these barren crags, Match’d with an aged wife, I mete and dole Unequal laws unto a savage race, That hoard, and sleep, and feed, and know not me.

Lucas stock index

Last Update: 712. 39                                Movement: -0.093% Current Update: 711.73                           YTD Movement: 2.87%LUCAS STOCK INDEX The Lucas Stock Index fell 0.093% during the first period of trading in April, 2021.

Broccoli & Eggs (Photo by Cynthia Nelson)

Fast food

Writing this weekly column is often like some dishes that require significant preparation, multiple stages and sometimes long periods of cooking.

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