Moderator: 3ne2nr Mods
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
shogun wrote:BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.
S_2NR wrote:shogun wrote:BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.
where are the figures to show that carnival brings a substantial amount of tourism to this country?
S_2NR wrote:shogun wrote:BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.
where are the figures to show that carnival brings a substantial amount of tourism to this country?
De Dragon wrote:megadoc1 wrote:That's it folks, end of discussion!Habit7 wrote:Ppl need to remember in the selective list of forex users Jwala named, US$1.8 billion was by WE TRINBAGOIANS with our credit cards. That was more than any other company.
Maybe if Jwala gave a true full disclosure and name how much each one of us spent on our credit cards those UNC supporters who taking a bullet for him now, would have drag him out of CBTT themselves and call him a PNM sleeper cell operative.Why? Do we really expect that hundreds of thousands of credit card holding citizens would not outweigh 10 companies? Think about why these companies are in uproar about this disclosure, and are threatening legal action.
because these companies were just singled out and identified,named and their forex usage identified.
So Basic client confidentiality was breached.
The companies are conducting legal business and pay taxes...why were THEY selected for this and not others.
Can the CBTT governor say...that he was authorized???
The way the man presented it makes these companies look like they doing something wrong.
Has JR identified WHY he did this...how it helped the financial system?...
JR handled this poorly and frankly gave the GORTT the space to fire him.....I wonder if this wasnt arranged.
Or intentional on his part?Think of why he was dismissed with the Ag. President mulling over the issue for only 1 day .Think of the timing of the dismissal.
This is an issue in my mind....Think of the previous CB Governor who used insider information to safeguard his and his cronies' CLIOCO investment funds, while allowing a mega-conglomerate to collapse and forcing the Gov't to prop it up to the tune of 20+ BILLION dollars, yet receiving no sort of sanction whatsoever.
Redman wrote:S_2NR wrote:shogun wrote:BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.
where are the figures to show that carnival brings a substantial amount of tourism to this country?
In th is context ...advising anyone NOT to spend..means fewer dollars are being moved...from buyer to seller.
It is that exchange through all activities or lack there of that determines economic performance...through taxes,employment and business buying and selling
Money in motion is what we need...not static savings...we have too much liquidity.
Problem is that if people dump a lot of money into carnival they may not have to spend later in the year. Better use of money instead would be supporting the vendors on the road instead of going to expensive fetes etc.
shogun wrote:BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?
So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.
De Dragon wrote:Jwala in dey rukungkungkutung! Let's see how this one eventually plays out. I suspect that by the time a decision is made, the relationship between himself and the MoF/PM would have been irretrievably damaged, and thus reinstatement would be untenable. Therefore it will come down to money and costs.
j.o.e wrote:Even if it doesn't bring tourist dollars (which it does) it stimulates the economy. Everyone from security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc make money. During a recession you want to encourage spending and activity.
Habit7 wrote:Ppl need to remember in the selective list of forex users Jwala named, US$1.8 billion was by WE TRINBAGOIANS with our credit cards. That was more than any other company.
Maybe if Jwala gave a true full disclosure and name how much each one of us spent on our credit cards those UNC supporters who taking a bullet for him now, would have drag him out of CBTT themselves and call him a PNM sleeper cell operative.
rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.
DTAC wrote:j.o.e wrote:Even if it doesn't bring tourist dollars (which it does) it stimulates the economy. Everyone from security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc make money. During a recession you want to encourage spending and activity.
You do understand that gains by, "security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc" is massively outweighed by the loss in production of the entire country as a whole, right?
rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.
rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.
Kewell35 wrote:rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.
Nah dred. He put pressure on UNC too. He is not a UNC. Neither me...but the man speak the truth. PNM people need to open up their eyes and realize what going on in the country....they hurry up and run thier racket right after they win so the public will be pacified.
zoom rader wrote:State gonna have to pay him big $$$ when he wins his case.
This government has a history of losing these kind of cases
Habit7 wrote:‘Do so ‘ent like so’
Published on Dec 26, 2015, 6:27 pm AST
By Raffique Shah
I am surprised that so many people are surprised by the termination of services—firing, suspension, the euphemistically-couched “sent on administrative leave”—of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.
Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.
The new regime moves with haste to terminate incumbents on State commissions and boards, starting with those entities and enterprises that they see as critical to the policies and programmes they wish to implement.
Hence, within weeks of taking office, the new PNM administration replaced directors at oil giant Petrotrin and the National Gas Company (NGC), the two pillars of the energy sector. Shortly afterwards, a few senior NGC executives were fired as investigations into certain transactions were undertaken.
The Government also hastily installed a new board to straddle the State-owned media houses CNMG and GISL, and in the process a number of heads at the organisations rolled.
Non-executive directors and politically-appointed executive officers know well that their tenure is tied to their political benefactors’ fortunes. Even those who are not members or supporters of the governments that appoint them become collateral damage when change comes.
In the case of ex-Governor Rambarran, his appointment has been contentious from the day he was elevated to the senior-most position in the country financial superstructure—other than the Minister of Finance—back in 2012.
Many persons, among them respected economists and experts in finance, posited that Rambarran was not experienced enough to hold the critical portfolio, and that there were others, including Alvin Hilaire who was a deputy governor, who were more eminently qualified and experienced.
Rambarran’s appointment was thus dogged by politics from day one. When a foreign exchange shortage erupted early in his watch, back when oil prices were high and export earnings healthy, it was said that a crisis arose where there had been none before.
So Rambarran was a marked man, and he seems to have facilitated his demise by naming recipients of foreign exchange, possibly breaching confidentiality. Those who applauded him for exposing the biggest users of foreign exchange will undoubtedly cry foul if their bankers should reveal their banking data.
I imagine Ramnarran’s dismissal, like Jerlean John’s “administrative leave” from the HDC, would end up in court, so I say no more.
It is ironical, though, that those in the former PP Government who are screaming out loud over what they see as “PNM political victimisation” have conveniently forgotten similar actions they took shortly after coming to office in 2010.
The one that remains etched in my memory is the dismissal of Brigadier Peter Joseph as head of the Special Anti-Crime Unit (SAUTT). Then PM Kamla Persad-Bissessar made the announcement at Piarco airport, just before she jetted off somewhere.
The dismantling of SAUTT was inevitable once the PP came to power. But the way Joseph was fired was scandalous. And as if to underscore how unjust his dismissal was, the Government quietly paid him a substantial sum to pre-empt the matter going to court.
In fact, the PP Government went on a wild firing spree, dismissing hundreds of directors from all State enterprises’ boards, replacing them with their own selectees, and in most cases expanding the boards “to the max” to accommodate sundry party loyalists.
They not only dismissed the directors, but persecuted and even prosecuted some of the more prominent.
Let me jog some memories: at E-Teck, Professor Ken Julien, Dr Rene Monteil, Uric McNicol, Brian Copeland, Eugene Tiah and Sonia Noel were fired and sued for TT$30 million, state of lawsuit unknown.
At UTT, Julien (again!), Monteil (again!), Giselle Marfleet, Scott Hilton-Clarke, Ravindra “Raviji” Maharaj and Errol Pilgrim were fired and sued for TT$11.4 million. That case collapsed a few months ago.
Malcolm Jones, executive director at Petrotrin in 2010, was fired along with other directors. Jones was personally sued for TT$1.2 billion—status unknown.
Calder Hart and other directors at UDECOTT fired and sued for TT$500 million: status unknown.
These are but a sampling of the way the PP Government hounded prominent public personalities, persons who served their country, out of office.
Professor Julien, a most respected energy expert who advised governments from as far back as the establishment of the Point Lisas Industrial Estate, fled to Ghana where his services were in demand.
Jones went into internal exile until he and Julien were summoned to serve by the new Government.
I have not mentioned other professionals—academics, doctors, lawyers, engineers, contractors—who were similarly punished by the PP.
Now, they accuse the PNM of discrimination and victimisation. Check the ethnic imbalance of their State-boards.
This is a classic case of “do so ‘ent like so.”
http://www.trinidadexpress.com/20151226 ... ike-so8217
Kewell35 wrote:Habit7 wrote:‘Do so ‘ent like so’
Published on Dec 26, 2015, 6:27 pm AST
By Raffique Shah
I am surprised that so many people are surprised by the termination of services—firing, suspension, the euphemistically-couched “sent on administrative leave”—of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.
Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.
The new regime moves with haste to terminate incumbents on State commissions and boards, starting with those entities and enterprises that they see as critical to the policies and programmes they wish to implement.
Hence, within weeks of taking office, the new PNM administration replaced directors at oil giant Petrotrin and the National Gas Company (NGC), the two pillars of the energy sector. Shortly afterwards, a few senior NGC executives were fired as investigations into certain transactions were undertaken.
The Government also hastily installed a new board to straddle the State-owned media houses CNMG and GISL, and in the process a number of heads at the organisations rolled.
Non-executive directors and politically-appointed executive officers know well that their tenure is tied to their political benefactors’ fortunes. Even those who are not members or supporters of the governments that appoint them become collateral damage when change comes.
In the case of ex-Governor Rambarran, his appointment has been contentious from the day he was elevated to the senior-most position in the country financial superstructure—other than the Minister of Finance—back in 2012.
Many persons, among them respected economists and experts in finance, posited that Rambarran was not experienced enough to hold the critical portfolio, and that there were others, including Alvin Hilaire who was a deputy governor, who were more eminently qualified and experienced.
Rambarran’s appointment was thus dogged by politics from day one. When a foreign exchange shortage erupted early in his watch, back when oil prices were high and export earnings healthy, it was said that a crisis arose where there had been none before.
So Rambarran was a marked man, and he seems to have facilitated his demise by naming recipients of foreign exchange, possibly breaching confidentiality. Those who applauded him for exposing the biggest users of foreign exchange will undoubtedly cry foul if their bankers should reveal their banking data.
I imagine Ramnarran’s dismissal, like Jerlean John’s “administrative leave” from the HDC, would end up in court, so I say no more.
It is ironical, though, that those in the former PP Government who are screaming out loud over what they see as “PNM political victimisation” have conveniently forgotten similar actions they took shortly after coming to office in 2010.
The one that remains etched in my memory is the dismissal of Brigadier Peter Joseph as head of the Special Anti-Crime Unit (SAUTT). Then PM Kamla Persad-Bissessar made the announcement at Piarco airport, just before she jetted off somewhere.
The dismantling of SAUTT was inevitable once the PP came to power. But the way Joseph was fired was scandalous. And as if to underscore how unjust his dismissal was, the Government quietly paid him a substantial sum to pre-empt the matter going to court.
In fact, the PP Government went on a wild firing spree, dismissing hundreds of directors from all State enterprises’ boards, replacing them with their own selectees, and in most cases expanding the boards “to the max” to accommodate sundry party loyalists.
They not only dismissed the directors, but persecuted and even prosecuted some of the more prominent.
Let me jog some memories: at E-Teck, Professor Ken Julien, Dr Rene Monteil, Uric McNicol, Brian Copeland, Eugene Tiah and Sonia Noel were fired and sued for TT$30 million, state of lawsuit unknown.
At UTT, Julien (again!), Monteil (again!), Giselle Marfleet, Scott Hilton-Clarke, Ravindra “Raviji” Maharaj and Errol Pilgrim were fired and sued for TT$11.4 million. That case collapsed a few months ago.
Malcolm Jones, executive director at Petrotrin in 2010, was fired along with other directors. Jones was personally sued for TT$1.2 billion—status unknown.
Calder Hart and other directors at UDECOTT fired and sued for TT$500 million: status unknown.
These are but a sampling of the way the PP Government hounded prominent public personalities, persons who served their country, out of office.
Professor Julien, a most respected energy expert who advised governments from as far back as the establishment of the Point Lisas Industrial Estate, fled to Ghana where his services were in demand.
Jones went into internal exile until he and Julien were summoned to serve by the new Government.
I have not mentioned other professionals—academics, doctors, lawyers, engineers, contractors—who were similarly punished by the PP.
Now, they accuse the PNM of discrimination and victimisation. Check the ethnic imbalance of their State-boards.
This is a classic case of “do so ‘ent like so.”
http://www.trinidadexpress.com/20151226 ... ike-so8217
oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.
rspann wrote:......but zoom the man lacking the most important qualification!
Um...JR did not graduate from Harvard, he attended a programme there. The current governor is PhD graduate of another ivy league school Colombia University.Kewell35 wrote:
oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.
Habit7 wrote:Um...JR did not graduate from Harvard, he attended a programme there. The current governor is PhD graduate of another ivy league school Colombia University.Kewell35 wrote:
oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.
Sarah Budhu not in the govt and Avinash is a parliamentary secretary. The Minister of Energy qualifications I posted already viewtopic.php?f=4&t=642009&p=8868321#p8868321 which far exceeds Kevin Ramnarine which I can't under why the UNC fb posse keeps calling her OJT. Ramnarine wasn't even middle management when UNC pluck him out of BG and replace Carolyn after she threaten to investigate the Gopaul/Kamla connection.