T&T needs better reporters

February 23, 2008

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There are many, many things about Trinbagonian media in general, and our newspapers in particular, that make me want to pull my hair out.

I am continually bemused by our haphazard approach to errors and corrections, for instance.

But it is our apparent lack of reporters who actually understand business, finance, law and (the non bacchanalist aspects of) politics that is most worrying.

These are complex, multi-layered, specialist subjects, and to successfully cover them requires, in no particular order:

- Knowledge of/training in the subject areas, either academic or professional
- A commitment to keeping abreast of changes and developments in the field
- A significant amount of research and reporting, often on a daily basis
- A solid and informed network of sources and contacts

And even more so than in other areas of journalism, those charged with covering these beats must be able to explain often complicated concepts in a manner that can be grasped by non-specialists.

From my obsessive perusal of the major dailies, I’d say all of the above are lacking - or at least not evident.

There are exceptions: Camini Marajh of the Trinidad Express is an excellent business reporter.

Ms Marajh broke the story of RBC’s $2bn offer for RBTT, scooping the international news media who took days to catch up

Her coverage of the deal should be framed and used as a model by editors and reporters in other newsrooms:

In what is likely to be the biggest takeover deal in the Caribbean in recent times, Royal Bank of Canada (RBC) is getting ready to buy out local banking giant, RBTT, in an acquisition priced at well over US$2 billion.

Sources report that an acquisition agreement is close to sign off by the Peter July-led Board of RBTT Directors.

Perfect. She leads on the significance and size of the deal, and immediately backs it up with reference to her sources.

She continues:

The RBC offer is said to contain a mix of cash and stock in a buyout that sources say has already secured the approval of key shareholders, among them the National Insurance Board (NIB) which has a 22 per cent interest, Guardian Holdings Ltd, a 14 per cent stakeholder and business tycoons Arthur Lok Jack, Richard Azar and Imtiaz Ahamad, who are listed among the largest individual stakeholders.

A crucial bit of information, although she could have explained why this important: if RBTT’s major shareholders were opposed to the deal, it would be unlikely to succeed.

And while the Peter July board has refused to say anything more than the bank is having “strategic discussions with other parties”, the Sunday Express understands that RBC, the latest in a series of Canadian suitors to knock on RBTT’s door, is the favoured partner for a takeover deal.

Both have financial incentives to see the deal through, according to financial sources. RBC, Canada’s largest bank is flush with acquisition dollars, assets of Can$563 billion and a market capitalisation of Can$69 billion.

Wonderful. Wonderful. And it gets better:

It is also trailing behind rivals Bank of Nova Scotia and First Caribbean International Bank (FCIB),a subsidiary of Canadian bank, CIBC in its Caribbean operations.

RBTT, Trinidad’s largest bank with assets of US$7 billion, has stumbled in recent years on issues related to management, flat earnings and growth limitation.

The RBC offer, comprising 60 per cent cash and 40 per cent RBC stock, if approved by shareholders, would give RBTT stockholders a much-needed boost with an option of cash and RBC shares - Can$55.26 at the close of trade on the Toronto Stock Exchange on Friday.

These paragraphs establish why the deal would be beneficial to both parties, are neatly hedged (”if approved by shareholders”) and give relevant financial details.

Still to be worked out, however, is the price of RBC shares which are to be listed on the local Stock Exchange under the depository receipt system used on the Nasdaq and other major Exchanges where a specified number of shares of foreign companies are issued and traded.

Sources say the listing of a big international bank like RBC on the TT Stock Exchange would be a major coup for this country and could well catapult Trinidad centre stage and a step closer to the Prime Minister’s dream of making this country the financial capital of the Caribbean.

When I got to this point in the story, I was tempted to applaud. Ms Marajh clearly had spectacular sources on this one, because details like that are gold dust. She explained, clearly and concisely, the concept of depositary receipts and gave still more context on why the deal would be important for T&T.

Financial analysts say if 20 per cent of the cash or $TT1.6 billion from the RBTT sale goes back into the local market, it could help the recovery process of the stock market which has been in the doldrums in recent time.

Speculation of a takeover has seen RBTT stock climb from the start of September by $3 closing at the end of trade on Friday at $34.01.

GHL, a substantial shareholder in RBTT, has also benefitted from the market speculation, closing at $25 on Friday after starting September at $20.02.

This story had everything - the interested players, the context of the negotiations, and crucially for an acquisition story, all the important numbers given in context.

But this story was exceptional. Too often, our media fail to get the basics, the fundamentals right.

More on that soon.


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Archive everything (or, the necessity of cultural historians)

February 20, 2008

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To this day I regret not interviewing John La Rose before he died.

I regret not following through on a proposed project which would have chronicled the lives of different generations of Trinbagonians in London - The New Lonely Londoners: a documentary by Fred and sin

I regret the botched handling and inevitable collapse of a similar but separate venture, the hours and goodwill wasted, the stories that go untold.

I regret the steady erosion of our cultural heritage, fading with the memories of our elder and elderly practitioners.

Oui, je regrette beaucoup.

Because even as we fret about the loss of our historic architecture, we are losing the architects of our history.

But we do not need to lose them forever, not if we archive those lives.

We need to preserve the interviews we do have with our past and present icons, and the videos, the books, the letters, the music, the lectures, the newspaper articles, the blog posts, the photographs, the podcasts - our collective memory.

But it’s not just about preservation - it’s also about dissemination, about sharing those memoirs and re-telling those tales.

Which is why I was delighted to discover that the complete archives of both Caribbean Beat and the Caribbean Review of Books will soon be freely available online.

This is outstanding effort by MEP, and an amazing resource.

I have lists, scribbled in various small black notebooks, of people I’d like to know more about, books I must read, music I must listen to, articles I must find. (Hello, my name is sin, and I am addicted to data.)

Like this one, written in 2005: “X-Ref article on Trini filmmaker London in Caribbean Beat March 99.”

Soon, I will be able to cross that item off the list (and hopefully, remember why I underlined it three times in green ink).

But where do I go to find the texts of the lectures given by CLR James? Where are Eric Williams’s speeches? And Noor Hassanali’s? Where can I find early recordings by Lord Shorty? Where can I find copies of The Beacon or The Minerva Review? Where are the stories about the hanging of Michael X?

For I have searched and researched and I have found nothing; my lists grow longer and the gaps in our collective memory grow wider.

I regret not having interviewed John La Rose. But Horace Ové did - and he recorded it. Now, if only I could find a copy of his Dream to Change The World….


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Beyond politricks

February 18, 2008

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When I grow up, I want to write like Michael Harris.

I discovered him quite by accident - trawling the (badly implemented but kudos for even having one) RSS feed of the Trinidad Express, lured by the headline “Party politics and the voice of the people.”

The man is a true-true political commentator, and an aphorist after mine own Oscar Wilde-loving heart:

In short, neither good governance nor good government is possible in the absence of politics and there is no politics without the voice of the people. (From Party politics and the voice of the people)

In all the essential areas of life each year seems to be a replicate of the previous year. It is as though we are locked in a time warp of helplessness in which all our yesterdays become our tomorrows. (From Solving the political paradox)

Since it is not necessary to engage in real politics outside the party there is no politics within the parties. People do not join those parties because they are inspired by a vision which they are committed to work towards. People join those parties in the hope of securing placement by means fair or corrupt. (From New politics and old paradigms)

(Here’s a Google search which indexes all his articles at the Trinidad Express)

These are the works of a political animal, in the true and Aristotelian sense of the term.The first episode - Solving the political paradox, cited above - of Mr Harris’s 2008 commentary for the newspaper ended thus:

In the midst of all of this neither government nor people have much time to devote to the fundamental questions of what kind of society we wish to live in and what system of governance shall we build?

Those questions are fundamental to political discourse, and to politics itself, but I have never heard them answered - or even addressed - by a modern Trinbagonian politician. (I welcome examples to the contrary.)

It was only because I’ve been reading these columns that I was not wholly disheartened by the subject of the latest post over at The Manicou Report - a Facebook group with the subtle title of Fuck the PNM.

Mani’s take on this 365-strong anti-PNM army - and there are similar Facebook groups dedicated to every major political party in Trinidad - is that it reinforces political tribalism.

Says he:

If the makers of the group are trying to propagate the same type of tribalism by setting people even firmer in their ways than they are now, then they are on the right track. But if they want to get people to think for themselves and change voting patterns, then an “F*** the PNM” group on Facebook couldn’t possible be the way to do it. You can’t woo people over to your side by insulting them - a point lost on some politicians.

I would take his analysis a step further. The “party politics” in T&T is what gives rise to such self-defeating factionalism. This group is just a Web2.0 representation of the discussions taking place in rum shops, on street corners and in expensive coffee shops on university campuses.It is time for some new conversations, for discourse that dares to be more than a rehash of the same old same old.

Michael Harris has kicked things off in fine fashion. Who’s next?


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This old house

February 17, 2008

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Trinidad’s internet elite have a new rallying cry: Save the Boissiere House.

There’s even a Facebook group and an online petition devoted to the cause, so you know they mean business.

Boissiere House, located at 12 Queen’s Park West in Port of Spain, is one of the last remnants of a dying breed: a beautiful piece of creole “gingerbread” architecture, characterised by intricate and elegant fretwork.

The house is being offered for sale - asking price US$10m - but as Nicholas Laughlin points out (via Newsday):

Any private buyer willing to pay that will almost certainly bulldoze it and build an office block or posh condominiums to recoup their investment.

He’s right, of course.

And since Boissiere House does not enjoy the status of a heritage site, said property developer would be immune from legal challenge.

And if this old house is destroyed, it would not be the first time art, architecture and history would have been sacrificed to progress, and not least in this country.

I am a big believer in conserving and celebrating Trinidad’s architectural heritage, and I’m not just referring to landmarks like Boissiere. Because all over Trinidad - from Aripita Avenue to Vistabella - beautiful old houses languish in disrepair, or are broken down in order to construct office blocks or social housing.

Land in this country is not yet so scarce as to make such destruction anything but wanton; and our contempt for our built enviornment reeks of nouveau riche incivility.

Architecture matters. Consider Jeremy Taylor’s recent post over at Notes from Port of Spain, in which he declaims the the “dirty concrete” of the Central Bank, and the “ramshackle dockfront.”

Says he:

The buildings are dramatically out of scale and out of style with the rest of the city, and they speak of money, power, and facelessness, a truly ominous combination. They say that someone in this mad little island aspires to make us like Miami or New York by building skyscrapers; someone has the wild idea that development can be represented by size.

And have you really looked at the architecture of these buildings? It is so bad, so impersonal and anonymous, that truly these buildings could be set down in any city in the world, and it really wouldn’t matter which. There is not a shred of Caribbean in them, not the faintest echo of Trinidadian-ness: no awareness of a tropical, almost equatorial climate, no thought of energy saving, no anxiety about the sea rising and spilling over the waterfront.

They are just big, blank, anonymous, unimaginative, uncreative. In a word, gross. Without taste, without elegance, without grace. Just big. Just expensive.

Exactly. As architect Rudlynne Roberts told Newsday:

The worth of [Boissiere] is in its architecture. Its method of construction, design and layout tells us how people lived during that time.

And more than that, the building is beautiful - unlike the unrelenting concrete monoliths local developers and government seem to equate with progress.

Nicholas Laughlin wants to “persuade the government that the Boissiere House is a crucial and irreplaceable part of our national heritage, that it must be bought by the state, restored, and put to appropriate public use.”

He also offers a list of practical suggestions, including:

- Tell people the Boissiere House is in danger.
- Forward this blog post to everyone you know who might be concerned.
- If you have a blog, write your own post there, or link to this.
- Write a letter to the editor.
- If you work in the media, try to get your newspaper or station to run a story.
- If you own a camera, stop by 12 Queen’s Park West, take some photos, post them online, or just forward them to friends.
- If you know someone in the Ministry of Culture, tell them you’re concerned and ask them to speak to their superior about saving the Boissiere House.
- Call Town and Country and urge them not to give planning permission for a new building on this site.
- Call the National Trust and ask what you can do to help.
- If you know a politician of any party on any level, tell them you’re concerned and ask them to talk to their party leadership.
- Read about the history of the house in Olga Mavrogordato’s book Voices in the Street, or John Newel Lewis’s book Ajoupa, and share this with others.
- Come to the event we’re planning at Alice Yard next week Friday to discuss why this and other historic buildings are worth preserving.
- Email me (my address is in the sidebar to the right) and tell me you’d like to be on a mailing list to hear about further efforts. A website is on its way, also an online petition.
- If you know a member of the Boissiere family that owns the house, ask them to consider putting a no-demolition clause in the sale contract, or to negotiate with the government to arrive at a reasonable sale price that might make it easier to save the building.
- And if you are a multi-millionaire property developer, consider doing something truly enlightened: buy the house, pay to have it restored, put it to some use that will not damage its fabric.
- Finally: ask yourself if you’d be willing to stand in the hot sun with a placard, if it comes to that.

It may well come to that.


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Thoughts on the “Bill of Rights for Racially Mixed People”

February 15, 2008

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I have the right

  • not to justify my existence in this world
  • not to keep the races separate within me
  • not to be responsible for people’s discomfort with my physical ambiguity
  • not to justify my ethnic legitimacy
  • to identify myself differently than strangers expect me to identify
  • to identity myself differently than how my parents identity me
  • to identify myself differently than my brothers and sisters
  • to identify myself differently in different situations
  • to create a vocabulary to communicate about being multiracial
  • to change my identity over my lifetime–and more than once
  • to have loyalties and identify with more than one group of people
  • to freely chooose whom I befriend and love

By Maria P. P. Root (via Light-skinn-ed Girl)

This is a thought-provoking piece of work, with which I can at least partially identify. So much of the discussion about “mixed-race issues” is limited to the experience of bi-racial (white/black) people living in the US of A; the “Bill of Rights” is broader in scope.

Some of its declarations I have always taken for granted - never have I had to justify my existence, for instance. And the phrase “physically ambiguous” is downright amusing.

But it made me realise that I don’t know how my parents self-identify, and nor do I know how they would describe my siblings and I.

And I have had to justify my ethnic legitimacy, on more than one occasion and to the gamut of family, friends and the parents of former paramours.

It’s a strange thing to be a victim of generic racism. It sounds absurd, but I have always wanted to ask, when faced with such discrimination, which part of me most offends.

In other words, is it because I is black? Or is it because I am not Indian/Chinese/White enough?

(Or, more recently, is it because I’m a twenty-something overachieving chick with dreadlocks and a predilection for wearing Converse to work? Hmm.)

I have never felt (insert ethnic grouping here) enough.

Still, I have had more experience of Trinidad’s version of black and Indian culture than I have had exposure to my Chinese and White heritage. But I am comfortable with none of these. In situations that are purely one or the other, I have always felt ill at ease.

When I donned a shalwar to attend a Divali celebration at my highschool, eyebrows were raised.

When, in my younger days, I was briefly part of the tennis-playing set, I didn’t quite fit in with rivals at tournaments in Port of Spain and environs, and that wasn’t just because they were way better than I. We didn’t speak the same language - and if you’ve ever hung out with the Westmoorings crew, you’ll know what I mean.

Total lack of Chinese-related anecdotes is sufficiently telling, methinks.

I have no real, first-hand experience of what it is like to be white/Indian/Chinese in Trinidad.

Nor do I know what blackness means, as much as I use it as political shorthand for my identification with issues of racism, discrimination and other minority concerns.

Does that make my claim to these multiple strands of history less valid? Am I less authentic because I exercise my right to tick “Other”?

Nothing like an identity crisis on a Friday afternoon.



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Feel it in the One Drop

February 12, 2008

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I feel an identity crisis coming on.

This most recent bout of mixed-person-itis was triggered by a post over at What Tami Said, in which the eponymous author comments on “black people” (italics mine) who claim mixed heritage.

While she makes some interesting points, two of her affirmations thereupon unsettled me:

Mixed ancestry is often what we bring up to prove that we are different from other “just black” folks.

It is about elevating ourselves in the hierarchy of race–from “just black” to something special.

The folks in question are not those “bi-racial people who rightly claim both family cultures,” Ms Tami said, but those “who reach back 100 years in the family tree to tout a Cherokee princess who may or may not have existed.”

Oh dear.

I’m not bi-racial. I’m not even tri-racial. Rather, like so many other Trinidadians of my generation and prior, I’m a Chinese-Indian-white-black poster child for miscegenation.

And those roots are much less than 100 years old.

It is true that when people ask me - as they often do - what my “background” is, I reel off that list. But that is not because I’m trying to prove that I am more than merely black.

Because the fact of the matter is, I am not just black.

Nor am I just white, Chinese or Indian - and in fact I am “more” any one of those than I am black, judging by the overwhelming Chinese/Indian presence in my family tree.

So what then?

I’ve said in the past that it is only when I left Trinidad I discovered I was black. Before that, I was happily race-averse, content with and never questioning the legitimacy of my red woman status.

Now, increasingly and usually in the context of discussions socio-political, I self-identify as black.

But I still don’t know what that means. I’m working on it.



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The magic and danger of the man who would be POTUS

February 10, 2008

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(subtitled: small axes and big trees, little giants and big dreams)

I want Barack Obama to become the next President of the United States the way I wanted the Soca Warriors to advance to the second round of the last World Cup.

Which is to say, I live in hope but dare not believe, because to believe is to set oneself up for overwhelming disappointment - or the shock of a lifetime.


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