The rapid increase in rent or mortgage, which makes up a significant portion (45%) of the high cost of living (www.citylab.com), is making life difficult for citizens as well as governments around the world. And the high cost of living, experts complain, creates an unfavorable economic environment for good-paying job-investors. Instead of debating a reform policy in order to reduce the housing cost, politicians look for a scapegoat.
Contributing Writer Over the years, the Israeli-Palestinian conflict has been characterized, and for good reasons, as the most intractable and irreconcilable conflict since the Second World War. The status quo erodes every day the prospect of a solution, but the changing geopolitical winds in the Middle East have created a new opportunity to resume peace negotiations. The newly elected French President, Emmanuel Macron, has a golden opportunity to take up the initiative on the basis left by his predecessor.
Why give a 30-year tax holiday or tax break to a Lebanese hotel – The Farmington Hotel owned by Lebanese businessman George E. Abijaoudi when no Liberian-owned hotel has even received a tax holiday for 1 year or even 6 months? Why go into a US$59.5 million Pre-Financing Loan Agreement with a bogus foreign company and at the same time serve as a guarantor with just 6 months to go? With few months to go, there is a huge rush to bag millions without any respect for established laws/rules and the sense of patriotism. The LAST THING lawmakers must do is to reject these shady deals, 4G agreements and glaring economic conspiracy against the people’s interest.
Is capitalism having a bad coverage? Well, many voters under capitalism are having more doubts about the benefits of this economic system or “trickle down theory.” In a 2016 Poll, Harvard University found that 51 percent of young American voters rejected capitalism and have positive views about socialism, similar to the conclusion of the 2011 Pew Poll. President Donald Trump, then U.S. presidential candidate stated that, “America’s economic system is rigged;” U.S. Senator Bernie Sanders stated that had Americans been under socialism the price of a medicine would not have increased from $40 in 2001 to $40,000 in 2016. In the 6/14/17 NY Times newspaper, he concluded that capitalism “is a dismal failure.”
A big menace that continues to stagnate the growth of Africa is corruption; a means of accumulating ill gotten wealth at the expense of the masses. The fight against corruption is considered a global crisis which can only be eradicated through collective effort from both the rulers and the ruled. With weak laws and improper enforcement, people are believed to have stolen what is meant for all, converting developmental projects to personal gains. These key factors have been mainly responsible for the backwardness of our beloved nation.
For too long now, the Liberian media has struggled to cope with the daunting task of expansion beyond its infinitesimal and economically challenged reading public thus making it almost impossible to enhance revenue generation.