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Carlton  Barclay, CEO of  Community & Workers Co-operative Credit Union of Jamaica (C&WJCCUL).

As an innovate way of identifying a consistent source of funds, Community & Workers Co-operative Credit Union of Jamaica (C&WJCCUL) will be shortlistingon the Jamaica Stock Exchange (JSE) $900 million deferred shares owned by its members. Each member will have until July 16 to identify a broker and sign up for a number at the Jamaica Central Securities Depository (JCSD). This is a first for any credit union in Jamaica, led by C&WJCCUL and guided by MoneyMasters Limited. Carlton Barclay, CEO of C&WJCCUL explained that if it were to qualify as capital the funds would have to meet certain requirements – one of which is that no withdrawal can be done at short notice. “C&WJCCUL has used deferred shares in the past to bolster its capital requirement. However, the shareholders - with the greatest of intent to keep their funds for the mandated five years – would withdraw amounts to cover unforeseen or unexpected expenses. However, such pay-outs would negatively affect the credit union’s capital amount,” said Barclay. Against that background, C&WJCCUL is seeking to establish afund which will ensure that the amount put in by each member is maintained over the life of the investment and no withdrawals can be made during that period. “Listing the shares on the Jamaica Stock Exchange provides the protection to C&WJCCUL and allows each member shareholder to recoup or access the funds by selling the shares at any time, through an established broker,” said Barclay. However, he noted that anyone wishing to trade shares would need a brokerage account to facilitate the transfer of shares between purchaser and vendor as the shares cannot be traded otherwise. According to the CEO of C&WJCCUL, the shortlisting on the JSE will benefit each member shareholder with excellent returns on a long-term investment, with the possibility of trading the shares at a profit at any time. Barclay explained that this latest innovation by C&WJCCUL is part of his credit union’s vision to be the financial service provider of choice for stakeholders locally or throughout the Diaspora. He also noted that this fundwould ensure that the credit union remains relevant through technology, as well as expanded products and services, together with superior customer service.

Credit card receivables for the commercial banking sector was valued at $52.54 billion in May 2019, according to Bank of Jamaica (BOJ) data. A year later, balances totalled $53.4 million. Local banks have noted a decline in credit card usage among their customers amid the coronavirus (COVID-19) pandemic. Data from the central bank shows that spending has been fairly flat since the start to the year, as shown by credit card balancesbetween January to May 2020. At January total balances were $53.56 billion; February $56.37 billion; March $55.39 billion; April $ 53.75 billion; and May $53.40 billion. Marketing departments of banks in Jamaica have activated campaigns aimed at encouraging usage. Some banks are offering new cashbook incentives in exchange for spending from the credit card. The trend of flat or lower spending is the same globally, since the advent of the COVID-19. In India, credit card spending fell by 51 per cent in April amid the coronavirus lockdown. Survey source CRED (CRED a members-only app that offers rewards for paying your credit card bill) quoted the results from an online survey with over a million members across Delhi, Mumbai and Bengaluru. Forbes, a source of news analysis, reported that since the week ended May 20, the credit card debt US banks held on their balance sheets was down. The analyst source said the reason credit card debt has shrunk so rapidly is that “Americans have cut their spending even faster than they have lost their jobs.” A 10.5 per cent drop in the space of 11 weeks was described as the steepest decline in American credit card balances on record. Debt on credit cards fell by 22 per cent during the Great Recession and happening over a longer time horizon, said Forbes. Forbes added that the COVID-19 crisis may cause a US$100 billion annual shift away from credit cards to debit, over time, according to Visa.


Skip Marley performs at Coachella Music & Arts Festival in Indio, Calif. on April 13, 2018, from left, Stephen Marley performs during the "Catch A Fire Tour 2015" stop in Huntington, N.Y. on Sept. 1, 2015 and Cedella Marley speaks at the Marley Brunch with Marley Family Members in West Hollywood, Calif. on Jan. 24, 2020. The family of reggae legend Bob Marley are covering his song “One Love” to raise money for coronavirus relief efforts. (AP Photo)

Bob Marley’s Grammy-winning children and chart-topping grandson have re-imagined one of his biggest hits to assist kids affected by the coronavirus pandemic. Stephen Marley, Cedella Marley and her son, Skip Marley, have joined forces to produce a new version of “One Love,” which will be released July 17 and will also include special guest appearances from other musicians. A music video will also be released that day. “Daddy wrote this song like 40 years ago, a long, long time. It just feels like right now in the world we need to have some different type of unity happening. Not just lip service, but real action,” Cedella Marley, 52, said in an interview with The Associated Press this week. “I think we’re going to bring this song to a generation that needs to know we do care. We do care about what happens. We’re going to do a nudge and push and a shove and hopefully, the message will resonate.” Bob Marley & The Wailers released “One Love” in 1977. Bob Marley died of cancer in 1981 at age 36. All proceeds from the new version of “One Love,” released by Tuff Gong International and Amplified Music, will supportReimagine, UNICEF’s global campaign for coronavirus relief efforts focused on helping and aiding children around the world. “(The) song is very special because of (its) message. It’s a song of equality. One love meaning love for everyone, for all humanity. It doesn’t matter the colour, creed or social status or anything like that. It’s appreciating the human family. ‘One heart, let’s get together and feel all right,’” eight-time Grammy winner Stephen Marley said. “It’s a very important statement for my family.” Jewellery brand Pandora says it will match every dollar raised from “One Love,” giving up to $1 million. Cedella Marley said they recorded the song at her house in Miami and they received Rita Marley’s blessing. “My mom, she came in and she listened, and she gave us a thumbs up and that seal of approval is priceless.” Skip Marley, the 24-year-old rising star who has collaborated with Katy Perry and Major Lazer, said recording the song reminded him of his first-ever studio session. “The first time I was ever in a studio recording, we were recording ‘One Love.’ Actually, you remember, mom?” he said, looking to Cedella Marley. “Yeah, it’s in my book,” the three-time Grammy winner said, referring to herchildren's book called “One Love.” “I remember that was my first time I was able to sing on the mic,” Skip Marley added. “It’s just bringing me back. It’s just a mommy-son thing.” Skip Marley recently made history by becoming the first Jamaican artist to top Billboard’s adult R&B songs chart. He achieved the feat with the tune“Slow Down,”featuring R&B superstar H.E.R., and he will release an album in August. “He put in the hard work,” Cedella Marley said. “He’s very disciplined. He loves what he does. His voice now can reach a different generation than my voice. I think we have to use the vessels that are in front of us, sometimes, to get our message across.” “Still working. Still putting in the hard work,” Skip Marley added. “We no stop working.” Cedella Marley said she’s happy to see her son keep the family name active, and it’s important to her to keep her father’s legacy alive. “It’s something that I actually enjoy. I’ve been doing it since I was like 13. It’s something that I’ve grown to love. I go into each day thinking, ‘How can Daddy’s voice bring about something? How can I make him more relevant today than he was yesterday?’” she said. “I always come up with some really cool ideas.”

Sevana has announcedthe release of her EP Be Somebody with her first single and video “If You Only Knew.” Produced by Kelsey Gonzalez, bassist for Anderson Paak's Free Nationals, the song is the Jamaican singer-songwriter’s major label debut since signing with RCA Records in partnership with In.Digg.Nation Collective facilitated through the relationship with Six Course Records. Love is boundless on the new melodious anthem. Sevana sings with beaming optimism inspired by the concept of going the distance in a relationship, physically and emotionally. As displayed in the song’s video, she travels on foot, by boat, car, and motorcycle over the easy-going rhythm. Director Yoram Savion captured the theme of “If You Only Knew” by filming Sevana in Dakar, Senegal, and Portland, Jamaica. “If You Only Knew” sets the tone for Sevana’s forthcoming 6-track EP Be Somebody out on July 31. On the EP, she ventures on a path of self-discovery and love, complemented with minimally eloquent production that gives room for her soaring vocals and emotive lyrics to take center stage. The EP’s title track encourages the listener to reach one’s full potential despite overwhelming feelings of doubt amidst the pressures of the world. “Let me be greater than this,” Sevana wails with intensity. One of the album’s crown jewels “Set Me On Fire” is a tale of revenge in a relationship where she turns her tragedy into triumph. On the more flirtatious track “Mango,” Sevana has space to flow in her sultry Jamaican accent over a minimal backdrop of airy synths and tickling guitar notes. " I wanted to take the listener on a meaningful journey and I think I did that," she says about her EP. In addition to Kelsey Gonzalez lending production, Izy Beats, J Vibe, Protoje, J.L.L. and Paris La MontDennis II anchor the EP with a diverse palette of sounds. Born Anna-Sharé Blake in Jamaica’s parish of Westmoreland, Sevana coined her name after Savannah-La-Mar, the picturesque coastal town where she grew up. Her musical awakening began at eight-years-old over Sunday morning breakfast, when she broke out in an impromptu rendition of Celine Dion’s “A New Day” for her family. "Music has always felt instinctual to me. When I’m spilling over with feelings I write it, when I’m happy I sing, when I’m frustrated I dance to it," says Sevana. "My relationship with music is the only one that has remained reciprocal and at the risk of sounding dramatic, it is my saving grace," she continues. Iconic singers like Celine Dion, Beyoncé, and Anita Baker have inspired the Jamaican-born chanteuse, and now Sevana looks to follow in their footsteps. Sevana effortlessly flows between her powerful vocals and bold Jamaican patois, blending traditional R&B/soul that influences her sound and the Caribbean’s tropical percussive rhythms that raised her.


Legendary Jamaica and West Indies fast bowling great Michael Holding.

Legendary Jamaica and West Indies fast bowling great Michael Holding's comments about racism went viral with over 5.5 million views on Twitter, on a daycricket made a comeback after months of hiatus because ofthe coronavirus pandemic. Holding,who played in the great West Indian sides of the 1970s and 1980s, said education was key to stamping out racism as England and the West Indies took a knee in support of the Black Lives Matter campaign before the first Test, at the Ageas Bowl in Southampton, onWednesday. “Education is important unless we want to continue living the life we are living and continue just having demonstrations every now and again and a few people saying a few things. When I say education, I mean going back in history”, the 66-year-old Holding toldSky Sports. Holding went on to mention that both sides need to be included in historical teachings and not just the white historical perspective as only that way people will truly understand that all lives matter. Holding's was speaking almost two monthsfollowing the death of George Floyd,a 46-year-old black American man, in police custody in the United States onMay 25. Global outrage at the manner of Floyd’s death inspired worldwide protests under the banner of the Black Lives Mattermovement. “We have been brainwashed. Think about religion. I’m not really a very holy person... look at Jesus Christ, pale skin, blond hair, blue eyes. "Where Jesus came from, who in that part of the world looks like that? But this is brainwashing, this is what the image of perfection is. And Judas is a black man, he’s the bad man." The West Indies great and Sky Sports pundit further asked,"You can tell me who invented the lightbulb?Thomas Edison. But he invented the light bulb with a paper filament that burnt out in no time. "Can you tell me who invented the filament that makes these lights shine throughout? Nobody knows because he was a black man. “Lewis Howard Latimer invented the carbon filament that allows lights to shine continuously. "I remember my school days - I was never taught anything good about black people. History is written by the conqueror, not by those who are conquered." Holding’s monologue has been endorsed by current West Indies captain Jason Holder who hailed the message as ‘powerful’. Australian legendary spinner Shane Warne described Holding's comments as ‘outstanding’ while New Zealand cricketer Mitchell McClenaghan said it was a ‘very powerful piece. Holding also spoke about times he faced racism as a young Testcricketer on his visits to Australia and England. “I went on my very first tour of Australia in 1975-’76,” Holding said. “I never experienced any racism on the cricket field, but you are fielding down by the boundary and you hear some comments being passed. At that stage, I just thought ‘these people are sick’.” “I came to England in ‘76 and it started again, but myself – and most of the team – just brushed it off,” said Holding. “I told myself that I was only here for the summer and I would be going back (home) in September.”

Bournemouth players argue with the referee during the English Premier League footall match against Tottenham at the Vitality Stadium in Bournemouth, England, Thursday, July 9, 2020. (Richard Heathcote/Pool via AP).

Bournemouth had a 90th-minute goal ruled out for handball and had to settle for a 0-0 draw on Thursday against a lackluster Tottenham, which failed to have a shot on target against the Premier League’s worst defense since the restart. Callum Wilson appeared to have scored a potentially match-winning overhead kick and was mobbed by teammates, only for VAR to spot that the shot glanced the arm of strike partner Josh King on the way into the net. In an even later chance for the hosts, during the 12 minutes of second-half stoppage time owing to a serious-looking injury to Bournemouth defender Adam Smith, Tottenham goalkeeper Hugo Lloris rushed off his line to block a shot by Harry Wilson. Tottenham didn’t come close at all in the latest soporific display under Jose Mourinho, whose team’s chances of qualifying for next season’s Champions League grew fainter. Tottenham are in ninth place, nine points behind fifth place Manchester United. Mourinho’s side is only two points behind Sheffield United in seventh place, which could secure Europa League qualification, and play Arsenal in the north London derby on Sunday. The point lifted Bournemouth to third-to-last place, three points adrift of safety. Smith was carried off on a stretcher after an apparent clash of heads with Tottenham's Ben Davies.