Home' Trinidad and Tobago Guardian : October 5th 2013 Contents A21
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The price of crude rose to near $104 a
barrel Friday as offshore oil rigs in the
Gulf of Mexico braced for Tropical Storm
Karen. Investors were also keeping a close
watch on developments in Washington
DC, as the partial shutdown of the US
government entered a fourth day.
US benchmark oil for November delivery
rose 53 cents to close at $103.84 on the
New York Mercantile Exchange. For the
week oil rose 97 cents, snapping a three-
week losing streak that knocked $7.66, or
7 per cent, off the price of a barrel.
Several oil companies operating in the
Gulf of Mexico, including Exxon, said they
were taking precautionary measures, includ-
ing the evacuation of non-essential per-
sonnel from offshore installations in the
path of the tropical storm that could turn
into a weak hurricane over the weekend.
The potential disruption comes amid
the budget impasse in the US Some
800,000 federal workers and scores of
agencies were idled this week after a sharply
divided US Congress failed to agree on
short-term funding for the government to
pay its bills beyond Monday, when the fiscal
year ended. Brent, the benchmark for inter-
national crudes, gained 46 cents to $109.46
on the ICE Futures exchange.
Oil rises toward $104 on storm
Flow explains blocked shows
Once the rights for a television show are
purchased by a local station, cable operators
are obligated to block that show so it is only
seen on the local station. That s the word from
Columbus Communication, parent company
of local cable operator Flow.
In a statement yesterday, Columbus Com-
munications explained why it blocked certain
programming from its subscribers. This followed
numerous complaints from cable television view-
ers about not being able to see some of their
favourite programmes when they would like.
"Local broadcasters in T&T are entitled to
purchase shows directly from content providers
(international or local). While more than 99 per
cent of Flow s content is available throughout
the year, certain shows can be purchased directly.
Once the rights are brought, it is the obligation
of all local cable operators to block the show so
it is only seen on the local station.
"The content is still available to viewers but
at the date and time determined at the discretion
of the local station," the company sajd.
Flow acknowledged that blocked content is
"disruptive" for viewers but said that it "and all
other Trinidadian operators must to comply to
protect the legal rights of the content provider."
Columbus is a diversified telecommunications
company whose core business is providing cable
television services' digital video, high speed
internet access' digital telephony and corporate
data services. It operates in 42 countries through-
out the greater Caribbean, Andean and Central
T&T will host the Eighth Americas
Competitive Forun from October 8-10,
2014. The dates were announced yes-
terday when Prime Minister Kamla Per-
sad-Bissessar took over as chair of the
Inter American Competitive Network
during a transition ceremony in Panama
Persad-Bissessar assurred that her
administration was "undertaking this
assignment with the same degree of
meticulous planning and professionalism
that we have seen for America Compet-
itiveness Forum (ACF) 2013".
"Indeed whjat we have seen over the
years as the ACF changed host nations,
is a continuity that is reflected in the
success of the Forum, which is today the
Western Hemisphere s preeminent event
for goverrnment and business leaders to
discuss innovative methods to achieve
economic competitiveness and promote
innovation in our hemisphere."
Persad-Bissessar said ACF distinguished
itself from other international gatherings
by promoting novel approaches to eco-
nomic competitiveness, enabling public
and private sector representativees oppor-
tunities to explore new business models.
She said she expected T&T to host
2,000 delegates at the 2014 event.
The prime minister also announced
that Planning and Sustainable Develop-
ment Ministry led by Dr Bhoe Tewarue
was lead entity for ACF 2014 and has
established a secretariat to plan and exe-
cute the event.
She said the secretariat is developing
a comprehensive communications strategy
and a Web site has been designed.
Commenting on some of the issues to
be addressed at ACF 2014, Persad-Bisses-
sar said: "Education is of special signif-
icance to us in Trinidad and Tobago where
we are investing in training as workforce
that would be ready to face the challenges
of the 21st century where globalisation
has redefined the rules of trade and
opened greater opportunities for even
small states like ours.
"When we meet in Port-of-Spain next
year we will continue what we have start-
ed and deal with the human imagination
at work and how this is driving compet-
itiveness and powering innovation."
T&T to host Competitiveness Forum
Prime Minister Kamla Persad-Bissessar, centre front row, with delegates at the closing
ceremony of the VII Americas Competitveness Forum in Panama City, Panama yesterday.
The T&T delegation returns home today.
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