Dear Editor,
The IMF, World Bank et al only lend to countries that show mercy to their people. Where has the love gone for our fellow brothers and sisters.?How can we seek the love of outsiders when we cannot love ourselves?
As it relates to this IMF deal, we will get the rollover balance of $400 million hopefully before June, unless something very dramatic happens, then it will come before. However, this money will only deal with other fires that have now started but are not fully exposed. Where will the real loans/investments come from? Where is the end in sight to reduce our debt burden?
Further to all this, our recently attained junk bond status (S & P and Fitch) is having a ripple effect in the Wall Street backyard much sooner than was expected. How do we change this?
The worst part of fear is whether there will be any civil unrest from this recent package, with still more to come from all the other stipulations in order to facilitate the IMF. Hon PM Portia Simpson Miller in her time as Opposition leader called for a Black Tuesday against the then tax package. Will there be an Orange Monday?
The boat of opportunity was missed six months ago and the hope that they could have told the IMF goodbye and moved to China is now a pipe dream. Many companies that ran to China and set up manufacturing business etc, are now moving back to the US to help in the rebuilding of that economy. Plus, anything received from China must be returned with at least four times the expectation of the giving.
The government of Jamaica needs to display good faith, transparency and accuracy in its dealings, both to the people of this country, investors and creditors.
The pending repercussions of taking money from the NHT is sending gloom through the spines of many hard-working Jamaicans who dream of owning a home. Benefits will be severely impeded and the follow-up will stymie the development of the little man.
The NDX will most certainly reduce productivity and trickle down to the lowest investor, robbing him of his expected dollar. Investor confidence will be destroyed. History will repeat itself and the millions of savers will suffer immensely. The NDX will basically result in a FINSAC 2 where the strength of the larger financial institution will see them surviving, as these can withstand the varying interest rates while the babies will suffer.
The big banks' strength is unshakably forcing the younger institutions to increase lending rates to offset what they are going to lose from the NDX. Depositors will move funds back to the large institutions where they feel secure, thus killing the babies. People will be moving money left, right, and centre due to the current laws in relation to banks, and further stimulate mass movement out of the country as seen before.
The policies of this government are not equitable. Neither are they fair to the people of this country, but certain die-hard loyalists remain committed to the country's failure.
The JLP is not close to matching the PNP with wit, craftiness, chicanery, guile or even duplicity. The JLP knows what's going to happen even at times long before it happens, but clearly has no clue as to how to execute to make it effective, to effectively communicate to the people the folly of the PNP enough to stimulate action.
The honesty, candour, sincerity and openness of Opposition leader Andrew Holness are far removed from what the people of Jamaica are ready for at this point. He speaks the truth and remains open and frank, but he is years away from the culture of the people of Jamaica and what the masses desire.
We are so accustomed to the abrasive cuss-cuss confrontational politics that when good stares us in the face, we reject it bluntly.
Mexine Bisasor, JP
enixem@hotmail.com
Unite in strength for our children
-->
The IMF, World Bank et al only lend to countries that show mercy to their people. Where has the love gone for our fellow brothers and sisters.?How can we seek the love of outsiders when we cannot love ourselves?
As it relates to this IMF deal, we will get the rollover balance of $400 million hopefully before June, unless something very dramatic happens, then it will come before. However, this money will only deal with other fires that have now started but are not fully exposed. Where will the real loans/investments come from? Where is the end in sight to reduce our debt burden?
Further to all this, our recently attained junk bond status (S & P and Fitch) is having a ripple effect in the Wall Street backyard much sooner than was expected. How do we change this?
The worst part of fear is whether there will be any civil unrest from this recent package, with still more to come from all the other stipulations in order to facilitate the IMF. Hon PM Portia Simpson Miller in her time as Opposition leader called for a Black Tuesday against the then tax package. Will there be an Orange Monday?
The boat of opportunity was missed six months ago and the hope that they could have told the IMF goodbye and moved to China is now a pipe dream. Many companies that ran to China and set up manufacturing business etc, are now moving back to the US to help in the rebuilding of that economy. Plus, anything received from China must be returned with at least four times the expectation of the giving.
The government of Jamaica needs to display good faith, transparency and accuracy in its dealings, both to the people of this country, investors and creditors.
The pending repercussions of taking money from the NHT is sending gloom through the spines of many hard-working Jamaicans who dream of owning a home. Benefits will be severely impeded and the follow-up will stymie the development of the little man.
The NDX will most certainly reduce productivity and trickle down to the lowest investor, robbing him of his expected dollar. Investor confidence will be destroyed. History will repeat itself and the millions of savers will suffer immensely. The NDX will basically result in a FINSAC 2 where the strength of the larger financial institution will see them surviving, as these can withstand the varying interest rates while the babies will suffer.
The big banks' strength is unshakably forcing the younger institutions to increase lending rates to offset what they are going to lose from the NDX. Depositors will move funds back to the large institutions where they feel secure, thus killing the babies. People will be moving money left, right, and centre due to the current laws in relation to banks, and further stimulate mass movement out of the country as seen before.
The policies of this government are not equitable. Neither are they fair to the people of this country, but certain die-hard loyalists remain committed to the country's failure.
The JLP is not close to matching the PNP with wit, craftiness, chicanery, guile or even duplicity. The JLP knows what's going to happen even at times long before it happens, but clearly has no clue as to how to execute to make it effective, to effectively communicate to the people the folly of the PNP enough to stimulate action.
The honesty, candour, sincerity and openness of Opposition leader Andrew Holness are far removed from what the people of Jamaica are ready for at this point. He speaks the truth and remains open and frank, but he is years away from the culture of the people of Jamaica and what the masses desire.
We are so accustomed to the abrasive cuss-cuss confrontational politics that when good stares us in the face, we reject it bluntly.
Mexine Bisasor, JP
enixem@hotmail.com
Unite in strength for our children
-->