Word: caribbean
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...South America, largely because Chile keeps corruption, bureaucracy and undue tax burdens out of investors' paths. Its judicial system is perhaps the most transparent in Latin America. "Investors realize our institutions function," says Osvaldo Rosales, international-trade director at the U.N.'s Economic Commission on Latin America and the Caribbean...
...student loan industry has been exposed as a backwater of corruption and insider dealing. Paid vacations to the Caribbean and private stock offerings have made quid pro quo a moniker for the student lending industry. Prompted by the year-long crusade against this $85 billion per year industry led by New York State Attorney General Andrew M. Cuomo, the Department of Education issued new rules last week to prevent such illicit practices. While these federal regulations will help curb financial abuses by lenders and universities, they are not as stringent as many state statutes, and offer far too many loopholes...
...principal exports are almost always farm products and basic manufactures based on them, like textiles and clothing. But in both the U.S. and the European Union, the farm lobby is powerful. In the U.S., for example, domestic producers have long succeeded in imposing quotas on sugar imported from the Caribbean, though it is one of the islands' crops of comparative advantage. European governments, with the French at the fore, have always sought protection for their farmers as a way of preserving the rural environment and village life. Nick Stern, chief economist of the World Bank, recently estimated that total agricultural...
...Part memoir, part literary tutorial, the book begins with his recollections of Derek Walcott, a fellow Nobelist and West Indian writer whose first volume of poems was published in 1948. Naipaul came across it in 1955, while working part-time on a BBC radio program called Caribbean Voices. Although Naipaul says he broadcast everything Walcott submitted to the show, he also claims to have done so believing that "the first flush" of Walcott's inspiration had gone, and that the poet "was now marking time." Walcott's borrowing of Western European literary forms is peevishly dismissed as "falsifying...
...postprandial monologue of a cantankerous old guest at a literary dinner. One is at first amused by all the iconoclasm: After all, why should the reputations of Powell or Chaudhuri matter these days? One then begins to demur: Is Philip Larkin really a "minor" poet? Is the Caribbean really a place of "spiritual emptiness"? Finally one balks completely - at Naipaul's tiresome insistence on referring to the black population of Trinidad as "Negroes," for example, or at his relentless tone of acidity and disdain (India has "no autonomous intellectual life;" both the BBC and Oxford are "provincial and mean...