By Ian Lambie
December 16, 2015 – newsday.co.tt
WE SHOULD all be ashamed, whether we be parliamentarian or proletariat who elected them to Parliament and permitted them to do their own thing for five years, that our legacy to our grandchildren and to our great-grandchildren will be: debt.
Since 2009 and up to 2015, our country has been spending more than it earned by approving deficit Budgets, with one exception — in 2010.
Continue reading Debt — legacy to our grands
By Stephen Kangal
December 12, 2015
Updated: December 13, 2015
The ratio dicendi identified by Governor Jwala Rambaran for the historic and unprecedented disclosures of the highest users of the scarce, rapidly dwindling and vital stock of FOREX over the past three years may be summarized as high and compelling public interest, potential threat to the integrity of the sensitive and fragile current financial system and the CBTT’s own core remit as clearly set out in statutes and objects.
Continue reading Ecology of Central Bank’s Governor Disclosures
By Raffique Shah
December 07, 2015
This recession did not creep up on us like the proverbial thief in the night.
It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US $140 a barrel to $30, informed, patriotic citizens were warning governments to go easy on the wild spending, to set aside more savings in the Heritage and Stabilisation Fund, to wean the population off dependency on subsidies, and most of all to diversify the economy from its over-reliance on oil, gas and petrochemicals.
Continue reading Recession was predictable
…Used Green and Unemployment Funds as collateral
By Richard Lord
December 05, 2015 – guardian.co.tt
Finance Minister Colm Imbert says the former PP government raided the National Gas Company (NGC) of almost $14 billion in cash. He made the claim while presenting three motions for debate in the House of Representatives yesterday.
The motions seek to increase the ceiling for government borrowing by $50 billion under the Development Loans Act, External Loans Act and the Guarantee of Loans (Companies) Act.
Continue reading Imbert: PP raided NGC of $14b cash
By Derek Achong
December 01, 2015 – guardian.co.tt
Three of the country’s most senior judges have failed to come to an agreement over whether the United National Congress (UNC) has conclusive proof that its defeat in September’s general election was due to a one-hour extension in voting, in order to secure a re-election.
Delivering its judgment in the appeal brought by the Elections and Boundaries Commission (EBC) and the People’ National Movement (PNM) at the Hall of Justice, Port-of-Spain, yesterday, the appeal panel, led by Chief Justice Ivor Archie, was split two to one, as it ruled that the UNC had met the requirements required for preliminary approval of the petitions.
Continue reading Judges split on petitions appeal
By Raffique Shah
November 30, 2015
If “Santa Colm” assures the populace that their Christmas will be bright, not blue, then we have no reason to doubt the man.
After all, Acting Prime Minister Colm Imbert is the substantive Minister of Finance, in which capacity he has access to data and information pertaining to the state of the economy, especially Government’s revenues and expenditures, that you and I will not see.
Continue reading Sending the wrong signals
By Renuka Singh
November 28, 2015 – guardian.co.tt
Fresh internal conflict is threatening to break the United National Congress (UNC) apart in the build up to internal elections. With just days to go before the party elects its leader, the mostly clean campaign has suddenly turned nasty as one would-be deputy leader was threatened for taking sides against incumbent Kamla Persad-Bissessar.
Continue reading UNC wracked by internal strife
By Raffique Shah
November 23, 2015
The battle for leadership of the UNC has ignited a discussion on leadership in a broader context, with the party’s founder, Basdeo Panday, weighing in on the issue.
According to my columnist colleague Sheila Rampersad, Panday told her that Indians tend to seek a “pahalwan”-Hindi for warrior, strongman-to lead them. Sheila cited Panday himself as an example of the phenomenon. In 1973, he succeeded Bhadase Maharaj as leader of the sugar workers’ union, and in 1977 he succeeded in transforming the only organic inter-racial party ever (my view…I was a co-founder), the ULF, into an Indian party.
Continue reading The last ‘pahalwan’
By JANELLE DE SOUZA
November 22 2015 – newsday.co.tt
The Housing Development Corporation (HDC) will no longer build high-end housing units.
Instead, any future construction would be of more affordable units that meet the needs of the majority of applicants.
Prime Minister Dr Keith Rowley made the statement at the new Chaconia Crescent development, Four Roads, Diego Martin, yesterday during his feature address at the distribution ceremony of 120 keys for units at Chaconia Crescent as well as for Greenvale Park in La Horquetta.
Continue reading NO MORE UPSCALE HDC HOMES
By Raffique Shah
November 16, 2015
I address two issues of public importance today. First is the emerging controversy over this country’s attendance at the Commonwealth Heads of Government (CHOGM) meeting to be held in Malta next week. And second, I join the chorus of frustrated voices crying out for something to be done to curb the dangerous, deafening din of explosives and fireworks that have become intrinsic to festivals like Divali.
Continue reading Boors will be boors