BY AL EDWARDS
Caribbean Business Observer | Friday, July 08, 2011
THE country was aghast at the pronouncement by the esteemed and renowned bible of financial journalism, Forbes Magazine, that Jamaica comes in as the fifth worst economy in the world. The local media wasted no time in broadcasting the solemn news with people proclaiming 'It has to be true if it is in Forbes.'
But Forbes is no longer the bastion it once was. In recent times it has become beset by dwindling readership and falling advertising and now takes on a more populist approach in an effort to garner revenues.
THE country was aghast at the pronouncement by the esteemed and renowned bible of financial journalism, Forbes Magazine, that Jamaica comes in as the fifth worst economy in the world. The local media wasted no time in broadcasting the solemn news with people proclaiming 'It has to be true if it is in Forbes.'
But Forbes is no longer the bastion it once was. In recent times it has become beset by dwindling readership and falling advertising and now takes on a more populist approach in an effort to garner revenues.
Read more: http://www.jamaicaobserver.com/business/Is-Jamaica-really-the-fifth-worst-economy-in-the-world--Poppycock-_9162965#ixzz1RfoDn6S4
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