Jamaica Gleaner
Published: Friday | August 7, 2009
Lead Stories

Credit crisis! - Government of Jamaica slams rating agency for downgrade - Opposition says critique right on the money
The Government has reacted with surprise and disappointment at the decision by the international rating agency Standard and Poor's (S&P) to further downgrade Jamaica's credit rating from B- to CCC+. The move by S&P came on Wednesday...

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News

Lady B's funeral procession to restrict vehicular traffic
Members of the public will be admitted for limited seating starting 11:30 a.m. at Sts Peter and Paul Roman Catholic Church, Old Hope Road, for the funeral of Lady Bustamante on Saturday. The musical tributes will get on its way at noon, while the funeral begins...

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Business

US$12m rum investment
National Rums of Jamaica Limited (NRJ) is pouring US$12 million (J$1.07 billion) into its distillery in Clarendon to add capacity, but also position the company, if it chooses, said manager Evon Brown, to develop new branded rums...

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Sport

Seven Jamaica players in West Indies U-19 squad
Following their historic regional three-day and one-day double, Jamaica's Under-19 cricket team had more reasons to celebrate Wednesday night when seven players were named to the West Indies U-19 Youth World Cup squad, which will begin preparation for the next year's event...

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Commentary

EDITORIAL - The message from the S&P downgrade
NEITHER PRIME Minister Bruce Golding nor Finance Minister Audley Shaw would have been surprised by Jamaica's rating downgrade by Standard and Poor's (S&P), except for the awkwardness of its timing with the country's application for US$1.2 billion in credit ...

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Letters

LETTER OF THE DAY - Crime, not diaspora, conference needed
THE EDITOR, Sir: I THINK this whole diaspora conference is a load of poppycock because it serves no purpose. It is just an opportunity for taking photo for the newspapers. If people who are in power for many years can't make the country...

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Entertainment

Home stretch closer for Pulse's CMSI - Contestants down to six
TENSIONS ARE running high on Pulse's Caribbean Model Search International (CMSI) reality TV series on CVM TV, as the girls this week had a lesson in treading the fine line between competition and friendship. In an unexpected turn of events, the CMSI judges - Pulse CEO...

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Social

Future Leaders Converge
On Tuesday, the opening ceremony of the inaugural Future Leaders Jamaican Diaspora Conference was held at the Mona Visitors' Lodge in St Andrew.

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Caribbean

Trinidad is not in recession - gov't
PORT-OF-SPAIN (CMC): The Trinidad and Tobago government has denied suggestions that the economy of the oil-rich twin-island republic has gone into recession, although admitting "there has been a slowing down".

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International

Ferry goes down, dozens feared dead
Tonga (AP): Dozens are missing and feared dead. Police say a ferry operator listed 96 people as aboard the Princess Ashika when it went down around midnight Wednesday, about 55 miles (85 kilometers) northeast of Tonga's capital, Nuku'alofa.

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