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ingalook wrote:
desifemlove wrote:if there is no efforts at diversification in two years time, and not just plans like she said, but actual contracts, factories, businesses, then Dr.R has failed. not saying i'd want UNC back, but if she has good plans that she WILL implement not jus talk, then maybe.
the world economy is not weak, as this oil price ting won't affect everybody. for some countries, it's a boon, like in the USA, China and most of Europe. http://www.bbc.com/news/business-29643612
As of NOW, Dr. R should be looking for joint ventures, assembly plants, and the like and by 2020 we should be seen buildings going up or at the least contracts signed. doing what she and UNC didnt do but had five years to do!
Trinispougla wrote:Actually DL, the world economy seems to be tumbling towards another global recession. The fracking from shale energy produces and the accompanying supply glut is spilling over from oil countries to the rest of the world. This is coupled by the excellent interest rates the US federal reserve has in place making it the place to invest.
I'll give you an example. China is the world's largest consumer of oil but has or hasn't found any reserves of their own. Logically, they should be the biggest beneficiaries of low oil prices. But they are seeing not stagnation but retraction. Why? Because US interest rates have soared as they always do during an oil collapse. Technically, TT may not have to get out of the energy industry. Shale gas is found everywhere and the head of the geological society already stated that we probably have in the gulf. But what we do within that time which is about five to ten years is critical
. China is the world's largest consumer of oil but has or hasn't found any reserves of their own. [/size]
and as of 2012 China was the world's fourth-greatest oil producer, domestic oil demand has increased even faster than production, so that China has been a net importer of petroleum since 1993,
China was the world's fourth-greatest oil producer,
Trinispougla wrote:desifemlove wrote:if there is no efforts at diversification in two years time, and not just plans like she said, but actual contracts, factories, businesses, then Dr.R has failed. not saying i'd want UNC back, but if she has good plans that she WILL implement not jus talk, then maybe.
the world economy is not weak, as this oil price ting won't affect everybody. for some countries, it's a boon, like in the USA, China and most of Europe. http://www.bbc.com/news/business-29643612
As of NOW, Dr. R should be looking for joint ventures, assembly plants, and the like and by 2020 we should be seen buildings going up or at the least contracts signed. doing what she and UNC didnt do but had five years to do!
Actually DL, the world economy seems to be tumbling towards another global recession. The fracking from shale energy produces and the accompanying supply glut is spilling over from oil countries to the rest of the world. This is coupled by the excellent interest rates the US federal reserve has in place making it the place to invest.
I'll give you an example. China is the world's largest consumer of oil but has or hasn't found any reserves of their own. Logically, they should be the biggest beneficiaries of low oil prices. But they are seeing not stagnation but retraction. Why? Because US interest rates have soared as they always do during an oil collapse. Technically, TT may not have to get out of the energy industry. Shale gas is found everywhere and the head of the geological society already stated that we probably have in the gulf. But what we do within that time which is about five to ten years is critical
Trinispougla wrote:
Trinispougla wrote:We as Trinidadians despite heavy industrialization have to recognize that we are very small fish in a huge capitalist pond. The same pond that allows Mosanto and Halliburton to starve people of the developing world while using their food to make bio-gas.
[/quoteEmilioA wrote:Trinispougla wrote:Actually DL, the world economy seems to be tumbling towards another global recession. The fracking from shale energy produces and the accompanying supply glut is spilling over from oil countries to the rest of the world. This is coupled by the excellent interest rates the US federal reserve has in place making it the place to invest.
I'll give you an example. China is the world's largest consumer of oil but has or hasn't found any reserves of their own. Logically, they should be the biggest beneficiaries of low oil prices. But they are seeing not stagnation but retraction. Why? Because US interest rates have soared as they always do during an oil collapse. Technically, TT may not have to get out of the energy industry. Shale gas is found everywhere and the head of the geological society already stated that we probably have in the gulf. But what we do within that time which is about five to ten years is critical. China is the world's largest consumer of oil but has or hasn't found any reserves of their own. [/size]
Say what !
https://en.wikipedia.org/wiki/Petroleum ... y_in_Chinaand as of 2012 China was the world's fourth-greatest oil producer, domestic oil demand has increased even faster than production, so that China has been a net importer of petroleum since 1993,China was the world's fourth-greatest oil producer,
EmilioA wrote:Trinispougla wrote:
Relevance ?
Do you think being an oil importer means a country has no oil reserves ? Cause that's what you wrote. No oil reserves. Not that China is a net importer. Big difference. Half of China's oil is domestic production.
That kind of sloppy fact checking undermines your reasoning.
Trinispougla wrote:Singapore also has 700,000 more people than us so that is at least 80-100,000 more engineers, computer scientists, programmers, etc.
Trinispougla wrote:There are things TT can get into of course. But now isn't the time and it will have to be practical, in a field that we can compete in. As I said, and several other commentators have and I think it's on the PNM's manifesto, turning TT into a financial capital. Singapore did not become tech savy in a short period of time. When Lee Quan Yu was rulin . Singapore was known as an excellent place to invest. And the money from that is how they funded their technological revolution. Singapore also has 700,000 more people than us so that is at least 80-100,000 more engineers, computer scientists, programmers, etc. Luxembourg is an excellent place to invest which is why, the world's largest steel producer , Ancelormittal, is headquaterd there.
Habit7 wrote:Trinispougla wrote:Singapore also has 700,000 more people than us so that is at least 80-100,000 more engineers, computer scientists, programmers, etc.
Um... Singapore has a population of over 5 million ppl.
Redman wrote:The upside is in what was said beyond your choice of focus.
That there is a stated intention to increase collections
So collecting a higher proportion of a 12.5% tax....is certainly better than leaving a 15% tax uncollected.
Isn't it a given that making compliance easier and cheaper improves collection?
Your PoV is valid but lopsided by not taking into account of the whole strategy.
1UZFE wrote:Good point Dragon. Too much doubles men, mini mart owners, taxi/maxi owners etc escaping taxes. If there is more emphasis placed on collection of over due taxes then a better picture of the economy can be seen.
Too much persons escaping..
Redman wrote:so what you saying is you prefer to continue paying the higher taxes until govt gets its sheit together?
yes/no answer please.
I have no issue really with paying less NOW and the onus being on govt to improve its internal inefficiencies.
Redman wrote:Not articulated means it doesn't exist?
You are stating that because YOU don't know it doesn't exist...
While you might be right...I think in this case its unlikely.
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