SmrtGRiPS get you where you’re going while keeping your eyes on the road

first_img How to Cook Steak in the Oven Deep Sleep: The World’s Most Incredible Underwater Hotel Rooms Thailand’s WARchitect Design Studio is Elevating Home Design Navigating in the 21st century is less about tabletop maps as it is built-in apps. However, though turn-by-turn navigation is often baked into the dash of your car, accessing the same set of features while cruising down the road on your bike is far more cumbersome, especially when you consider how vital it is to keep your eyes on the road and hands on the wheel when faced with a smattering of potential pitfalls. Fortunately, that’s where SmrtGRiPS’ connected bike grips ($60) come in.Designed and engineered in Germany, the hands-free smart grips are made to alleviate common problems every cyclist faces on the daily. You can easily swap the rechargeable grips with those on your bike, and once you set your desired destination and route using the accompanying Boréal app, the grips use haptic communication signals to guide you about town. As you approach an upcoming signal, for instance, the right grip will gently vibrate and become more pronounced as you get closer. Same goes for the left.Intuitive navigation is only one part of their appeal, though. The mobile app for Android and iOS devices lets you quickly locate your bike via a distance indicator and a convenient “Ring your ride” button, the latter of which immediately prompts the SmrtGRiPS to signal their location. Moreover, you can even use the app to notify the crowdGPS network if you’re bike goes missing. Afterward, you’ll receive an instant notification whenever another SmrtGRiP user comes within 330 feet of your bike. The fact Boréal utilizes OpenStreetMaps only adds to the equation, providing you with a wealth of crowd-sourced information pertaining to bike lanes, popular routes, nearby friends, and more.It may be some time before the SmrtGRiPS see the light of day given their Indiegogo campaign is set to end in March, but the 3.5-ounce devices will also be waterproof and run for three months on a single charge upon their debut — making them just as perfect for your rainy morning commute as your cross-country venture next summer.Check out SmrtGRiPS on Indiegogo for more information, or to contribute to the company’s crowd-funding campaign. Cigar Humidors 101: What They Are, How They Work, and the Best Picks Editors’ Recommendations The Best Latex Pillows for Neck and Back Painlast_img read more

Read More »

Spiral Groove’s Revolution Turntable Turns Heads

first_imgIt’s a pretty great time to be a vinyl enthusiast. Not only has there been a resurgence in how many new releases are shipping on vinyl, but also in the relative quality of turntables, many of which can be had surprisingly cheap. The Spiral Groove Revolution would never be called cheap by anyone, no matter their income bracket, but with its eye-catching looks and forward-thinking engineering, it’s hard not to stare and dream.Designed to deliver what Spiral Groove calls “ultra-high-end” performance, the Revolution turntable does not spare any expense when it comes to the materials used or the build process. The turntable features a three-layer body made from aluminum and Delrin, which the company says makes for a solid build, but a less resonant platform.Unlike some of the relatively plain designs found in many modern turntables, the Revolution takes a different approach. The look is not retro, nor is it modern. Instead, the look is a combination of both, making it look like some vision of future tech from a 1950s-era sci-fi movie.The platter on which the record sits uses a Delrin top plate and aluminum bottom plate, along with a number of damping technologies used to reduce mechanical vibration. This includes Spiral Groove’s Strange Attractor isolation feet, which help to decouple the turntable from the surface it sits on, protecting against needle jumps from heavy footfalls and other heavy vibrations.When it comes to actually playing the record, a low-voltage / low-torque AC synchronous motor is attached to a one-piece motor mount that is decoupled from the rest of the turntable, making for quiet playback. The platter spins on an inverted sapphire disc / hardened steel bearing, the same used in Spiral Groove’s flagship SG 1.2 turntable. Playback speed is electronically switchable between 33-1/3 and 45 rpm.The Spiral Groove Revolution is available now and sells for a suggested retail price of $18,000. You will still need a tonearm, which is sold separately. The company offers the Centroid universal tonearm, which it says is a perfect match for the Revolution. For more information, visit the Spiral Groove website. Editors’ Recommendations How to Use a Vibrating Foam Roller Like Tom Brady 6 Fastest Cars in the World Right Now How to Cultivate Mid-Century Modern Style in Your Own Home The Evolution and History of the Home Stereo How to Clean a Fish: A Quick Reference Guide last_img read more

Read More »

Missing Your Favorite Food from Home? Goldbelly Will Deliver It to You

first_img Should Bars Be Kid and Dog-Friendly? We Asked the Experts 15 Best Subscription Boxes for Men Who Love Gifts The Ultimate Pillow Guide: The 6 Best Pillows for All Sleepers Many of us are lucky enough to live in cities where we can find pretty much any type of food we desire. Sometimes, those foods are eclectic options that are really only liked by the locals (here’s looking at you, Cincinnati and Skyline Chili) while others, like a cheesesteak from Pat’s in Philadelphia, you could find elsewhere, but it wouldn’t be the same.If you live in such a city, good for you. You have access to it whenever you want. For others, though, it’s not as simple. Jobs change, love happens, and sometimes you find yourself in a town 2,000 miles from your favorite food. Until recently, you had to rely on friends and family to help you get your fix.“You’re coming into town? Can you pick up a dozen of those bagels I love?”“I swear, if you show up on my stoop without a few links of those jalapeño sausage links from Texas barbecue country, I’m not letting you in the door.”Etcetera.Now, though, online food retailer Goldbelly (which we first introduced in our bacon subscription guide) is working to solve that issue by shipping some of the country’s most iconic foods to your door, sometimes in as little time as 24 hours.Broken up regionally, by state, type of food, and what’s in season, Goldbelly allows anyone in the United States to find a beloved food and gorge themselves on it, even if they are nowhere near where it’s produced.For example: missing that aforementioned cheesesteak from Pat’s? Not a problem. You can order a four-, eight-, or twelve-pack of cheesesteaks online and have them at your door within two days. The cheesesteaks come frozen with directions on how to heat them (as well as the ever-so-important reheating cheese whiz directions). Before ordering, you have the option of getting your sandwiches wit or wit-out (onions), and also the option to order cheese whiz, American, or provolone cheese. (We’re not saying “Whiz Wit” is the only way to go, but let’s be real, it is.)Pat’s King of SteaksIs it exactly as you would have it if you were standing in line at Pat’s? No, the bread is a little crispier and you’ll probably put too much or too little whiz on there, but will you find better or make better on your own? Also no. Obviously, restaurants have a je ne se quoi when it comes to their food — the items made them famous, after all — but this is the closest you’ll come to tasting home when you’re not there.The other benefit to Goldbelly’s selection, we found, is that even if you’ve never tried a specific food — take the original Buffalo wings, for example — now you don’t have to travel all the way to the Anchor Bar in Buffalo to try them. Instead, you can order a 50-pack for $129 and get a bottle of extra wing sauce to boot.It doesn’t matter if you’re looking for Maine lobster rolls from Mcloons Lobster Shack, a dulce de leche cake from Milk Bar in Brooklyn, or to go wild and order food from a place you’ve never been, Goldbelly has you covered.Goldbelly adds new products all the time, so it’s good to check back often to see if what they’ve added to their list of available foods. Editors’ Recommendations How to Cook Steak in the Oven The Best Latex Pillows for Neck and Back Pain last_img read more

Read More »

What is Winter Solstice: Facts about the Longest Night of the Year

first_img Save Your Eyes from the Scourge of the Screens with the Best Blue-Light-Blocking Glasses for Men Editors’ Recommendations 14 Scandinavian Clothing Brands You Need to Know The Best Men’s Parkas for Braving the Cold The Best Documentaries on Netflix Right Now How to Care for Your Houseplants in the Winter Have you noticed how it’s basically dark all day long right now? You leave for work in the semi-light of a pale gray morning and get home well after the sun has set and gloom has blanketed the land. Fun, right? Did you ever ask yourself, “Hey, why are the days shorter in winter, anyway?” And are you wondering when the days will start to get longer again? Well, that time is upon us, friends.Despite the fact that, in many parts of the world, it has been cold, dark, and snowy for weeks already, the first official day of winter does not occur until December 21, aka the winter solstice, aka the darkest and shortest day of the year.What’s so special about the winter solstice? Why, lots of things. Let’s discuss a few of them because it would be weird to write an article like this otherwise.Why Is the Winter Solstice So Dark?For those of you living in the Northern Hemisphere, the winter solstice is the longest night and shortest day of the entire year. But, why? Long story short, because of the tilt of the earth’s axis. Contrary to popular misconception, it’s not related to the earth’s physical distance from the sun. In fact, the planet is on the perihelion portion of the orbit in the early winter and is actually closer to the sun than at other times of the year. Drop that at a Christmas party and watch the people nod in admiration.Most Americans will see less than nine and a half hours of sunlight on the solstice day, which of course means nearly fourteen hours of darkness. Don’t take it too hard — folks closer to the Arctic Circle don’t see any direct sunlight for weeks during the winter. Total bummer, right? The perpetual daylight of the summer sounds less than ideal, too.Does the Sun Stand Still?No … it doesn’t. During the winter solstice, it appears as if the sun remains unmoving on the horizon, eschewing its standard overhead arc. Thus the word “solstice,” which is derived from the Latin word solstitium, which translates to “sun stands still.” Of course, scientists eventually debunked the notion of an immobile winter sun, but the name stuck.Is Winter Solstice a Holiday?Yes! If you speak to pagans, druids, witches, or any other group of alternative spiritualities/religions/cults/rotary clubs that celebrate the Winter Solstice as an important holiday, you’re going to hear some ire directed toward Christianity. That’s because the forebears of these modern alternative types had been celebrating the solstice for centuries — if not millennia — before Christianized Rome decided to co-opt the dark winter season celebrations and set December 25 as the date on which they would honor the birth of Jesus. No one knows when Jesus was born (this begs the question of historicity, but we’ll leave that alone for now), but it’s pretty damn certain it was not on December 25.However, as that was a time so many heathens were already celebrating heathen things, the church stuck the date there as a way to help usher people over into the “believer” column. If you want to have some pagan fun during the next winter solstice, by the way, Stonehenge is the place to be.You might think that the yule log you burn (or at least talk about burning) each holiday season is a classic Christmas tradition, but not so much. Yule was originally a winter festival celebrated by pre-Christian Germanic tribes and, quite likely, by Norsemen. The etymology of the word “yule” is unclear, though variations seem to pop up in the stories of disparate groups spread across early Europe. What’s certain, though, is that the term referred to a celebration held on or near the darkest day of the year that originally had nothing to do with Christianity.Article originally published December 22, 2016.last_img read more

Read More »

In Loving Memory Of Avoya Chairman Pal Anderson

first_imgPal AndersonMay 15, 1922 – February 10, 2019 We are deeply saddened to share that Avoya Travel Chairman and Founder Pal Anderson passed away Sunday, February 10 at the age of 96. He is survived by his wife of 69 years, Pat; his sons, Van and Brad; and his eight grandchildren and thirteen great-grandchildren. Pal is remembered as an adventurer, an entrepreneur, a dreamer and pioneer. His zest for life, passion for travel, and appreciation for people and relationships left enduring impressions on all who knew him. Born on May 15, 1922 in Los Angeles, California, and raised in Colorado, Pal valued family above all else and was a traveler at heart. He attended the University of Colorado before serving in the United States Navy during World War II where he participated in the Normandy landings on June 6, 1944. After his service, Pal finished his BA in Economics and moved to Washington to work in his family’s automobile business. In 1950, Pal married his loving and supportive wife Pat. Together they raised their two sons, Van and Brad, and took on life as one great adventure. Always an idea man who embraced change, Pal has had a profound impact on his family’s travel business. Pal and Pat first entered the travel industry in 1964 while living in Hawaii when they purchased and ran a Hawaiian tour company. After moving to California, together they opened a retail travel agency in Escondido, which eventually became Anderson Travel and Cruises with 10 retail locations throughout San Diego. With the changing tide of the Internet, the family’s brick and mortar travel agency chain evolved into the innovative and award-winning travel company known today as Avoya Travel. Pal’s wanderlust and core values have been passed down to his children and grandchildren, who are now at the helm of the travel business that he and Pat created. One of the greatest honors in Pal’s travel career came in 2014 when he welcomed many colleagues and friends to celebrate the 50th anniversary of his family’s business. The entire Avoya Travel family extends our deepest sympathies to Pal’s wife, Pat, and his family. Pal’s life was celebrated at a private service on Valentine’s Day, February 14, 2019. In lieu of flowers, donations can be made in his honor to www.Tourism Cares.org. The family fondly notes that aside from a donation, Pal’s wish would be for friends and family to see and experience the world together through travel. Today, Avoya Travel is one of the most awarded travel companies with a longstanding reputation for being one of the world’s most innovative travel brands. With an elite Network of over 1,250 independently owned and operated travel agencies, Avoya provides a better vacation planning experience for travelers by combining modern technologies with the expertise of travel professionals. Cruise lines and travel industry partners continuously recognize Avoya’s ingenuity and success with Travel Partner of the Year awards and accolades for best-in-class innovation and leadership.last_img read more

Read More »

China Harbour Donates $13m to ODPEM Hurricane Relief Fund

first_imgThe Office of Disaster Preparedness and Emergency Management (ODPEM) has received $13 Million from China Harbour Engineering Company Limited (CHEC), towards assisting persons and schools badly affected by Hurricane Sandy. The funds were presented on Friday (November 9) by CHEC’s General Manager for the Caribbean and Latin American region, Zhongdong Tang, at a media briefing held at ODPEM’s head office in Kingston. Director General of ODPEM, Ronald Jackson, in welcoming the donation, expressed delight at the significant gesture to the agency’s Hurricane Sandy Relief and Recovery Fund.  Mr. Jackson stated that ODPEM’s focus is on the education sector where some 138 schools have been reported damaged. “What our focus is, is really trying to see if we can find enough partners who can assist in ensuring that our students have a facility to go back into and to continue their learning. We are coming towards the end of a term; but in January the new term starts in earnest. And so it is important to get all our schools back to where they were before Hurricane Sandy hit, and even in better stead,” Mr. Jackson said. The ODPEM head said some schools would have lost roofing simply because they were not properly secured, or the standard was below par, and so “this is an opportunity to build better”. In thanking CHEC, Mr. Jackson expressed a willingness to “continue working with China Harbour, not just in disaster times, but within the work you are currently doing in terms of our infrastructure, and possible opportunities for cooperation and disaster risk management”. CHEC’s Health, Safety and Environmental Engineer, Nadine Tarawali, said the company‘s donation was made in light of the tremendous damage and dislocation suffered by many families during the storm. These, she pointed out,  included some of the company’s employees who were unable to turn up for work at the Westmoreland Bridge in St. Mary, where the company has a worksite, after the storm. She stated that the donation is intended to assist in relocating persons, still occupying shelters, back into their homes, as well as facilitate repairs to schools sustaining damage, to enable their re-opening for the resumption of classes for students. She also noted that the company mobilized several pieces of equipment which were utilized clearing and re-opening of the Junction main road that links Kingston and St. Andrew with St. Mary, and so was fully aware of the level of devastation. Ms. Tarawali also expressed pride that the Palisadoes Road in Kingston was not affected by the hurricane and confidently assured that it can withstand up to a category 5 hurricane. China Harbour is the general contractor for the road and bridge building projects under the Jamaica Development Infrastructure Programme (JDIP). The company signed an agreement with the Government of Jamaica in June for the construction of the North-South Highway from Kingston to Ocho Rios that will bypass the problem plagued Bog Walk Gorge and Mount Rosser corridors.last_img read more

Read More »

Gov’t to Target High-Risk HIV Groups

first_imgAn inter-ministerial group is to be established to engage various at-risk groups on HIV/AIDS awareness matters.Cabinet has given instructions for the setting-up of the group, which will involve the Ministries of Health, Education, and Youth and Culture.Minister with responsibility for Information, Senator the Hon. Sandrea Falconer, who provided details at Wednesday’s (July 3) weekly Jamaica House press briefing at the Office of the Prime Minister, said the move stems from a recent update on HIV/AIDS in Jamaica.The report revealed that HIV is prevalent among select groups of the population, including the 15 to 49 age group; ante-natal clinic attendees; female sex workers; men who have sex with men; inmates; homeless persons; and drug users.Senator Falconer said Cabinet was told that factors driving the epidemic include: persons having multiple sex partners; insufficient condom use; people with HIV who do not know they are infected; early initiation of sexual activity; and transactional sex (exchanging sexfor gifts or goods).Meanwhile, Cabinet approved two contracts valued a little over US$2 million, for the supply of anti-retroviral drugs. One contract is to be awarded to Ranbaxy Laboratories Limited (United States) to provide nine items for US$740,042; while Milan Laboratories Limited (India) will also supply nine items for US$1.45 million.The Ministry of Health, through a grant from the Global Fund, provides anti-retroviral drugs, free of cost, for persons living with HIV/AIDS, at public health facilities and treatment centres islandwide.Contact: Alphea Saunderslast_img read more

Read More »

Financial Institutions Support Cyber Security and Digital Forensics Conference

first_img Recommendations for amendments to strengthen the Cybercrimes Act are to be tabled in Parliament shortly. Banks, cambios and other financial institutions are showing keen interest in the two-day conference on Cyber Security and Digital Forensics, scheduled to begin at the University of the West Indies (UWI) Mona campus on September 30.“I am very impressed at the speed in which banking and financial institutions became associated with this conference. It is an expression of their own interest and concern for the security of their clients and the public,” says Professor of Communications Policy and Digital Media, and Director of the Mona ICT Policy Centre,Hopeton Dunn.Professor Dunn, who is also Chairman of the two-day conference, says three of these institutions, the National Commercial Bank (NCB), Jamaica National Building Society (JN), and First Global Bank, have committed senior representatives to make presentations and participate in the conference. The Police and the Ministry of National Security are also to play major roles in the conference.“I think that the banking sector is associating themselves with this conference to speak to the kind of concerns they need to critically address in a more wholesome way,” he adds.Minister of State in the Ministry of Science, Technology, Energy and Mining (STEM), Hon. Julian Robinson, addressing a JIS Think Tank, says it is in the best interest of the institutions to participate.“I think it’s important to note that they are playing a very active role, they are partnering with government in many areas because they recognise it is in their best interest. Whatever the field, no-one wants their systems being vulnerable,” Minister Robinson explains.According to Computer Hacking and Forensic Investigator, Georgia Gibson-Henlin, who is also an attorney-at-law, there is a great deal of insecurity in the cyber network and the conference will offer an opportunity to stakeholders to address the issues in a meaningful way.“A lot of reliance has been placed on it (global information network). A lot of our financial information has been put on it and so we have become at risk to hackers and persons with mal-intent,” she explains.“Part of why this conference is important is that we need a structured framework in terms of going forward; a structure within which to create the strategy, with multiple stakeholders,” she contends.Key issues to be addressed include: how to raise public awareness; information sharing; the matter of privacy; the creation of a cyber-security framework; and a cyber security strategy.  This will involve arriving at a decision on who is allowed to be involved and it takes on added significance out of the recognition that the networks are privately owned.The conference will also discuss Commercial Cyber Espionage, which is having an impact on financial enterprises in Jamaica.Minister Robinson, in acknowledging the occurrences of corporate espionage in Jamaica, says the conference will definitely address the concern in a fulsome way.“We’re not talking about a man hacking into a website and defacing it. We’re talking about criminals doing this for financial gain, or to prove a point. Imagine for example, the Air Traffic Control system (being hacked). You’ll quickly recognize the (significant) damage that can be done. There are just so many ways someone with a computer can create havoc and we need to be on top of that as a country,” he contends.The organisers of the conference are looking for specific outcomes with Professor Dunn promising that the second day will see the crafting of documents and the setting of actionable strategies.“So it’s not going to be about nice conversations; we’re going to be looking to take strong and specific action in association with different stakeholders,” he explains.In the meantime, Minister Robinson reveals that recommendations for amendments to strengthen the Cybercrimes Act are to be tabled in Parliament shortly. He says the proposed adjustments were made by a Joint Select Committee of Parliament which he chairs.The Cybercrimes Act has sanctions for the misuse of computer systems or data and facilitates the investigation and prosecution of such crimes. Provision has also been made for the Act to be reviewed every five years.The State Minister informs that the issue of cyber security is at the forefront of Government’s agenda and amending this legislation is one of several strategies being put in place to deal with cyber crimes. He further notes that a Cyber Emergency Response team was established with assistance from the International Telecoms Union.The conference will begin at 9:00a.m. each day at the University of the West Indies, Mona. Story Highlights Banks, cambios and other financial institutions are showing keen interest in the two-day conference on Cyber Security and Digital Forensics. There is a great deal of insecurity in the cyber network and the conference will offer an opportunity to stakeholders to address the issues in a meaningful way.last_img read more

Read More »

Outgoing Chief Justice Lauded for 40 Years of Service

first_imgStory Highlights “It is well known that the function of the judiciary is to interpret and apply the law, and the function of the legislative branch is to make the law. I feel confident that your legacy will ensure that the rule of law is maintained as the country moves forward,” Mrs. Malahoo Forte said. Outgoing Chief Justice, Hon. Justice Zaila McCalla, has been praised for her over 40 years of service to the judiciary in Jamaica. Outgoing Chief Justice, Hon. Justice Zaila McCalla, has been praised for her over 40 years of service to the judiciary in Jamaica.She received the accolades from Judges of the Supreme Court and other members of the judiciary during a special sitting of the Supreme Court at Public Building East, King Street, downtown Kingston, today (January 31).In her tribute, Attorney General, Hon. Marlene Malahoo Forte, said she will always remember Mrs. Mc Calla’s quiet strength, and her humble and dignified approach to her role as Chief Justice.“It is well known that the function of the judiciary is to interpret and apply the law, and the function of the legislative branch is to make the law. I feel confident that your legacy will ensure that the rule of law is maintained as the country moves forward,” Mrs. Malahoo Forte said.For his part, Chairman of the General Legal Council, Mr. Allan Wood, said Mrs. McCalla’s judgements will stand the test of times.He further commended the outgoing Chief Justice for implementing measures such as the Case Management System, which he said has improved the administration of justice.Director of Public Prosecutions, Paula Llewellyn, expressed appreciation to Mrs. McCalla for the civility, the grace and the dignity with which she carried out her duties.“It is also said that tact is the knack of making a point without making an enemy. May I say, having to go through many of these meetings with the bureaucrats and, sometimes, members of the political directorate, I have been in awe at the tact that you have displayed,” Ms. Llewellyn said.For his part, Justice Bryan Sykes noted that the outgoing Chief Justice had the ability to build bridges and that her approach to her Office brought a sense of calm amidst upheavals.In her response, Mrs. McCalla expressed appreciation for the very kind words spoken about her.“Simply saying thanks is not enough for every single thing that I have heard, but I thank you most sincerely for everything that you have said. This occasion has afforded me the opportunity to say it has been a wonderful experience working with all the persons that I have come in contact with,” she noted.She also gave special thanks to the judges with whom she has worked. “We have a core group of judges who work tirelessly, and we think of the many innovations that we could implement in our justice system,” Mrs. McCalla added.Chief Justice McCalla has had an extensive legal career in the public service, having been called to the Jamaican Bar in 1976.In August of 1985, she became a Resident Magistrate and was later appointed as Senior Resident Magistrate. In 1996, she became a Master in Chambers, and in 1997, she was appointed Puisne Judge and served until 2006, when she was promoted a Judge of the Court of Appeal.She was appointed Chief Justice on June 27, 2007. Chief Justice McCalla is the first female Chief Justice of Jamaica. She demits office today (January 31). She received the accolades from Judges of the Supreme Court and other members of the judiciary during a special sitting of the Supreme Court at Public Building East, King Street, downtown Kingston, today (January 31).last_img read more

Read More »

Work in Progress on Special Diaspora Bond

first_img Work is advancing on the development of a special diaspora bond, being spearheaded by the Economic Growth Council (EGC), which could possibly see it being floated on the market this year. Executive Director of the EGC, Senator Aubyn Hill, who notes that the concept is resonating across the diaspora, says work on the instrument entails studies to determine how the bond should and will be tailored; and putting together a prospectus to inform prospective bondholders on investment dividends. Work is advancing on the development of a special diaspora bond, being spearheaded by the Economic Growth Council (EGC), which could possibly see it being floated on the market this year.The bond will mainly target Jamaicans living in Canada, the United Kingdom and United States, and is part of the EGC’s initiatives to assist with the Government’s undertaking to lobby greater diaspora support for the country’s growth agenda.Executive Director of the EGC, Senator Aubyn Hill, who notes that the concept is resonating across the diaspora, says work on the instrument entails studies to determine how the bond should and will be tailored; and putting together a prospectus to inform prospective bondholders on investment dividends.He tells JIS News that based on the extent of these engagements, “I would say that in about (four) months, we might be able to go to market,” subject to updates from and confirmation by the EGC’s Diaspora Working Group, which is chaired by Council member, Dr. David Panton.Development and floating of the proposed bond was initially announced by EGC Chairman, Michael Lee-Chin, during the Council’s first quarterly report in January 2017.He indicated then that the EGC and, by extension, Government would benefit from the expertise of the Israeli Government’s Bond Director, Gideon Sitterman, whose services were sought by Mr. Lee-Chin during his visit to Jerusalem, where they had discussions.This collaboration was pursued against the background of Israel having what is widely regarded as the most successful diaspora financial services organisation globally, as also sharing similarities with Jamaica, in terms of diaspora community compositions.As such, both gentlemen (Lee-Chin and Sitterman) explored how Mr. Sitterman’s expertise could be best leveraged to assist with Jamaica’s bond development, targeting Jamaicans residing in the United States, Canada and United Kingdom, as obtains for the Jewish State.Mr. Sitterman said in addition to the EGC’s request, he was asked by the Israeli Prime Minister’s Office to assist, “based on mutual respect that both countries have for each other and the good relations that we have with Jamaica”.Israel’s Government first floated bonds in 1950 during the tenure of the Jewish State’s first Prime Minister, David Ben-Gurion, in the aftermath of that country’s War of Independence, which devastated its economy and wiped out more than one per cent of the population.The fledgling nation’s woes were further compounded by dire economic demands unique to the new State, consequent in part on the arrival of hundreds of thousands of immigrants from post-World War II Europe and the Middle East.In light of this, Mr. Ben-Gurion convened a meeting of American Jewish leaders in Jerusalem in September 1950 where he proposed issuing bonds to help in providing Israel with a more secure economic foundation.The proposal’s endorsement yielded US$52 million at the end of the first year of subscription in 1951, more than double the initial projections. Global sales of Israeli Bonds are estimated at approximately US$40 billion.Mr. Sitterman noted that in addition to the economic benefits, the bond concept was intended to build a bridge between Jews in the Diaspora and those in Israel.In this regard, he said development of the bond represents “an opportunity for the diaspora and Jamaica” to further strengthen their relationship, adding that “they will have the chance to come back and be part of the new approach to get growth”.It is estimated that about 20 per cent of Jamaica’s income is comprised of remittances from families and friends overseas. He indicated then that the EGC and, by extension, Government would benefit from the expertise of the Israeli Government’s Bond Director, Gideon Sitterman, whose services were sought by Mr. Lee-Chin during his visit to Jerusalem, where they had discussions. Story Highlightslast_img read more

Read More »