The Liming House

Good to see you again. Glad you enjoy the Limes.

In response to my indictment of the ‘charitable’ efforts of Virgin Atlantic and the Travel Foundation to turn a generation of young people in the Caribbean into fisherfolk and bee-keepers, a Virgin representative posted the following in the comments:

The Travel Foundation and Virgin Atlantic were concerned to read your comments on our work together in the Caribbean. We believe that the projects will bring huge benefits and stimulate entrepreneurship along with addressing pressing environmental issues. Here is further information which should allay any concerns and provide more information.
You are correct in saying that tourism is key to the region’s economy. In 2008, travel and tourism provided over 2.1m jobs and 15% of the region’s GDP but there is an opportunity to spread the benefits tourism brings further.
There are significant issues with youth unemployment in the Caribbean with as many as 30% of 20-24 year olds out of work.
The projects that we have chosen to develop may seem small, but they are very significant. They link to the globally-important environmental issues of waste management, fish and bee conservation – issues that are vital to food security.
By creating new, small-scale, local business opportunities many of the skills learned can be applied to any business which gives young people independence and choice.
These initiatives will offer choice, new opportunities and new skills for entrepreneurship with the aim that this will create new jobs and opportunities for income generation.

To which I have this to say:

I did not say that tourism is key to the region’s economy. In fact, most of the islands are attempting to diversify away from a dependency on tourism, particularly in light of the ongoing global financial crisis.

You – Virgin and the Travel Foundation – are talking your book. Tourism in the Caribbean is to your benefit.

Your projects are not merely small; they are insulting. The Caribbean’s youth are educated, technically savvy, computer-literate, driven and ambitious. But you think ’small scale’ fish farming is more important than developing financial services, media, advertising, marketing, manufacturing…

Pardon me if I don’t buy into your argument that relying on the fickle tastes of British tourists gives my peers “independence and choice”.

Your pitch might work on someone who has not grown up in the region, who has no idea of the scale and speed of the development in the Caribbean, someone whose idea of these islands is ’sun, sea, sand and subservience.’ I am not that person. You, however, quite obviously are.

Hats off to Virgin Atlantic and the Travel Foundation for rendering me completely speechless:

The Travel Foundation cares for the people and places we all love to visit. Sustainable tourism can help protect traditions, culture and the natural environment – the things that make your holiday special. It can also improve the lives of the people who live in tourist destinations so they are happy and able to give you a warm welcome.

And the great news is that all of this gives you an even better holiday experience as well as ensuring there are great places for us all to visit, for generations to come.

We’re changing lives in the Caribbean – Over the next three years, the Travel Foundation will work on the profound social and environmental effect of tourism in the Caribbean, where we fly 800,000 customers a year. They will support entrepreneurial business development among disadvantaged youth, particularly in the areas of craft making, beekeeping and fishing.

Our fantastic beekeeping project will help young people learn about traditional skills so they can produce honey to sell to the tourism industry. This will aid the conservation of the honey bee and give you an even sweeter taste of the Caribbean.

Tilapia fish farming is an educational programme that will teach about over-fishing and help young people develop small businesses, enabling them to sell farmed fish to local hotels and restaurants. This will demonstrate an alternative livelihood to traditional fishing and allow you to enjoy fresh fish from a sustainable source while you’re having a fabulous holiday.

Our craft making project will teach new skills, helping young people produce crafts from recycled materials collected from hotels, thereby reducing waste and offering new business opportunities. So, in the near future, you’ll also get to buy hand-made souvenirs in a new craft centre – a unique reminder of your time away!

That text, taken from the airline’s website, was also included in Virgin’s in-flight ‘Seatback’ magazine, which is where I first saw it. I am incensed by the campaign, however well-intentioned those behind it may purport to be.

Both Virgin and the Travel Foundation appear to think that the only opportunities for ‘disadvantaged youth’ in the Caribbean are in ‘craft making, beekeeping and fishing.’ Gosh, development has just passed those backward-but-smiling natives right by!

Both the language and the substance of the text contrive to reinforce the image of the Caribbean as a homogenous, tourist-dependent bloc, and of its people as suited only to such ‘traditional skills’ as fish farming and craft making. The emphasis on the contributions of these poor, straw-hat wearing Caribbean folk to the hotel and restaurant industries in the region is even more infuriating.

Thanks, Virgin and the Travel Foundation, for reducing the ambitions and potential of an entire generation of young people in the Caribbean to kowtowing to tourists.

A not unexpected move from Standard & Poor’s, which has been deeply negative on Jamaica for some time now. Rival rating agency Fitch issued a similar downgrade, cutting the island’s local currency rating to ‘C’ from ‘CCC” on Thursday.

It’s not all bad news though – the debt exchange that triggered the rating actions will significantly improve Jamaica’s fiscal footing, and affects virtually all of the country’s J$ denominated outstanding debt.

And as an IMF official quoted by Reuters pointed out, the country is likely to have its ratings *upgraded* once the exchange has been successfully completed – as defined by rating agency criteria.

Here’s a line from Fitch on the prospect of an upgrade:

“In the event that the successful conclusion of the upgrade is followed by approval of an IMF program in support of the government’s fiscal and economic program, Jamaica’s ratings will likely be raised into the single ‘B’ category.”

According to the anonymous IMF official, S&P had also “acknowledged they would raise Jamaica’s credit rating by a number of notchratingses once the debt restructuring was complated,” Reuters said.

The S&P statement:

Jamaica has announced a domestic debt exchange program that officially launches today.

We consider this exchange to constitute a default, so we have revised the foreign- and local-currency sovereign credit ratings on Jamaica to ‘SD’ from ‘CCC/C’ and the ratings on the exchanged bonds to ‘D’.

NEW YORK, Jan. 14, 2010–Standard & Poor’s Ratings Services said today that it revised its foreign- and local-currency sovereign credit ratings on Jamaica to ‘SD’ from ‘CCC/C’.

Standard & Poor’s also said that it revised its ratings on the rated bonds that are included the sovereign’ proposed domestic debt exchange to ‘D’.

The ratings on the government securities not included in the debt exchange remain at ‘CCC’. The recovery rating remains at ‘4′.

…

“These rating actions follow Jamaican Prime Minister Golding’s announcement yesterday of the domestic debt exchange and its official launch today,” explained Standard & Poor’s credit analyst Roberto Sifon Arevalo. The offer seeks to exchange all categories of the Jamaican domestic debt except Treasury bills. It does include foreign-currency-denominated domestic debt, which carries foreign-currency ratings, which is why we have revised the foreign-currency credit rating to ‘SD’. External debt is excluded from this transaction

“Overall, the domestic efforts, together with the ongoing multilateral support, should help Jamaica manage its long-standing fiscal and structural problems going forward,” Mr. Sifon Arevalo added. “In this context, we expect to assign a ‘B-’ sovereign credit rating and ‘B-’ debt ratings to the new bonds upon the completion of the debt restructuring and issuance of the new bonds, which is scheduled for Feb. 16, 2010.”

Other Jamaica-related limes are available in the archives.

Dear Trinidadian media: the Haitian earthquake is the biggest and most important Caribbean story, bar none, of the moment and the year to date.

What, exactly, is your excuse for your utter inability to update your sites to reflect this state of affairs, per the following screenshots (taken at approximately 8.55pm Trinidad time):

Screenshot of the Express front page at 8.55pm on Tuesday Jan 12

Screenshot of the Guardian Online's front page at 8.55pm on Tuesday Jan 12

Screenshot of the Newsday's website front page at 8.55pm on Tuesday Jan 12

Poor.

Too often, relatively inconsequential events are referred to as “a tragedy” or “tragic”.

But what is happening in Haiti – dozens dead, many more injured and dying in the aftermath of a 7.3 earthquake that also damaged and possibly destroyed the country’s National Palace – is a tragedy.

Readers, Haiti needs your help. In the coming days, weeks and months the island’s people will need food, water, shelter, medical care as they attempt to rebuild – for the umpteenth time – their shattered lives and nation.

There will undoubtedly be campaigns by the Red Cross, AmeriCares and other such organisations. Please give.

Give, and give generously, because the Haitian populace needs your support more than the myriad fete promoters and purveyors of glorified bikinis do; more than the enforcers of racism and classism along Ariapita Avenue.

Give.