Home' Trinidad and Tobago Guardian : August 28th 2015 Contents WASHINGTON---The US economy
posted a much bigger rebound in
growth during the spring than pre-
viously reported, thanks to greater
spending by businesses and con-
The economy as measured by
gross domestic product expanded
at an annual rate of 3.7 per cent in
the April-June quarter, more than a
percentage point greater than the
initial 2.3 per cent estimate, the
Commerce Department reported
yesterday. It was the strongest
growth since last summer and
marked a sharp upgrade from the
anemic 0.6 per cent advance during
the January-March quarter.
To be sure, the GDP report pro-
vides a backward look at the US
economy, which has since been hit
with deepening concerns about a
slowdown in China and recent tur-
bulence in global financial markets.
It remains unclear how the US econ-
omy will fare in the months ahead
as a result.
The robust second-quarter num-
bers, however, indicate a level of
growth unmatched by the rest of
the developed world and a solid foot-
ing heading into the second half of
The revision for second-quarter
growth was broad-based, reflecting
more robust spending by consumers,
businesses and government.
Consumer spending grew at
annual rate of 3.1 per cent, up from
a 1.8 per cent growth rate in the first
Business investment in structures
and equipment was revised higher
to show growth of 3.2 per cent
instead of a decline. Housing con-
struction jumped 7.8 per cent, up
from an initial estimate of 6.6 per
cent growth. Businesses spent more
to restock their store shelves as well.
Also fueling growth were strong
gains in state and local government
spending, largely due to greater pub-
lic construction outlays.
US stock markets opened higher
yesterday after the GDP report and
a strong day across global financial
markets. The Dow Jones industrial
average was up more than 150 points
in the opening hour.
On Wednesday, stocks rallied to
recoup some of the huge losses
incurred in the previous sessions,
snapping a six-day losing streak in
which the Dow tumbled about 1,900
Before the recent financial market
turmoil, many economists had
thought that signs of an improving
US economy would lead the Fed to
begin raising its key short-term rate
at its September 16-16 meeting. Now
many analysts say a September rate
hike is probably off the table, at least
Analysts cautioned that there
could be more turbulence ahead, in
part because of unsettled conditions
Beijing has devalued its currency
and taken other steps to address a
major slowdown in its economy, the
world s second-largest. (AP)
Friday, August 28, 2015 www.guardian.co.tt Guardian
CHIEF EXECUTIVE OFFICER
A very dynamic / leading Insurance Brokerage Company in Trinidad and Tobago dealing in
General, Health and Life Insurance business and having top notch clients in Oil, Aviation,
Construction, Service and other manufacturing industries is looking for an Innovative and Result
Oriented Chief Executive Officer (CEO) to head the operations of the company. The incumbent
shall report to the Board of Directors of the company.
The CEO shall be responsible for maintaining the leadership position of the company in the
industry by exceeding the targeted growth on a consistent basis. The CEO shall assure accom-
plishment of the company's mission / vision, and the accountability of the company to its diverse
The Board delegates responsibility for management and day-to-day operations to the CEO, and
he or she has the authority to carry out these responsibilities, in accordance with the direction and
policies established by the Board.
- Mission, Policy and Planning
- Business Development
- Legal Compliance
- Management and Administration
Abilities expected from the incumbent
- Should be able to handle detailed, complex concepts and problems, balances multiple
tasks simultaneously, and makes rapid decisions regarding administrative issues.
- Plans and implements programs. Establishes strong and appropriate relationships with
Board members, committees, staff, and clients.
- Develops smooth and constructive relationships with executive colleagues, Local
Insurance companies, Foreign Brokerage Firms, outside agencies and high net worth individuals.
- Plans and meets deadlines. Maintains a flexible work schedule to meet the demands of
executive management. Hours may be long and irregular.
- Conveys a professional and positive image and attitude regarding the company and
- Demonstrates commitment to continued professional growth and development
Qualifications of the incumbent
- A Professional qualification in Business Management and should be an Associate or
Fellow member of the Chartered Insurance Institute of UK (ACII or FCII) with a minimum
of 10-15 years' experience in a senior management position.
- Critical competencies in four broad categories: commitment to results, business savvy,
leading change, and motivating.
- Very good knowledge and exposure of General, Health, Life Insurance sectors in
Trinidad / Caribbean Region
The Remuneration Package offered will be the best in the industry to attract the ideal talent.
Interested candidates should email their detailed CV with 3 references in strict confidence to
email@example.com on or before 30th September 2015.
Fort King George
located in Scarborough Tobago will be
from Saturday 29th August to Monday 31st August, 2015
WE APOLOGIZE FOR ANY INCONVENIENCE CAUSED.
FORT KING GEORGE WILL
TO THE PUBLIC FROM
MINISTRY OF THE PEOPLE AND
PROBATION SERVICES DIVISION
ANYONE KNOWING OF THEIR WHEREABOUTS
US economy surges at 3.7 per cent
In this July 9 file photo, workers harvest early apples at Samascott
Orchards in Kinderhook, New York. The Commerce Department releases
second-quarter gross domestic product yesterday. AP PHOTO
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