Home' Trinidad and Tobago Guardian : December 6th 2015 Contents A26
letters on sunday Sunday Guardian www.guardian.co.tt December 6, 2015
It is alleged that T&T is in the midst
of a recession.
The person making that call is an
outgoing financial expert. It bears a
strong resemblance to someone being
given out in a game of cricket, taking
the bat home with him and saying the
field is not good to play the game any-
Why did he not warn us prior to its
impact if he was so aware?
Politicians are really strange bed-
What is a recession? Basically, a
recession is a general slowdown in
economic activity. Investment spend-
ing, household income, business profits
and inflation fall while bankruptcies
and the unemployment rate rise.
What causes a recession? Policy fail-
ures cause recession.
What are we going to do?
Firstly, do not worry. We have
endured recessions before and sur-
Look for support from the non-
energy sector, the manufacturing sector
and the agricultural sector.
DO NOT co-sign a loan, take an
adjustable rate mortgage, add debt,
take your job for granted or take any
risks with investments.
We must all pay extra attention to
spending, budgeting and be wary of
taking any unnecessary risks.
We need to be proactive to plan
ahead of a recession.
No matter what happens we must
What should one do in a recession?
Review your financial model. Look
at your income and expenditure. Try
to maintain profitability and sustain-
ability. Develop a strategy for main-
taining your income. Take prudent,
calculated risks and prepare for the
very real possibility of job loss.
Preparing for the worst is always a
good idea, but the worst may never
It could already be too late.
This is not a PNM problem or a
UNC problem but a T&T problem.
Pay close attention
to spending now
It is with a heavy heart that we, the
students of the Venezuelan Institute
for Culture and Co-operation (IVCC)
at San Fernando, write to express our
disenchantment over the abrupt closure
of both the adult language and cuatro
For over three months, we have not
had any classes which were being held
at the San Fernando West Secondary
School, popularly known as "Old Tech"
at Farah Street. We received the sad
news from the Venezuelan ambassador
to T&T, Coromoto Godoy-Calderon,
who, via emails stated that as of Sat-
urday, August 1, the Venezuelan
embassy decided to "postpone classes
until further notice" to upgrade the
It has been three long months now
and we are appealing to the ambassador
to make good on her promise to foster
bilateral relations between both nations
and thus bridge the language barrier
between the English and Spanish-
speaking nations. What better way to
do so than by resuming classes in San
These classes have been serving the
southern community though the good
neighbourly gesture of Venezuelan
teachers, our friendly mentors, over
the last 21 years. Beneficiaries include
but are not limited to, the following:
primary, secondary and tertiary level
students, among them scholarship
winners in the fields of language and
communications, teachers, members
of the protective services, public ser-
vants, professionals from the business
community including the energy sector,
housewives and even foreigners.
We appreciate the services provided
by the institute, especially from our
teachers, who often go above and
beyond the call of their duties to ensure
each student understands 100 per cent
the language and various aspects of
the Venezuelan culture. Some students
are so grateful for the knowledge pro-
vided that even after they graduate,
they return every Saturday for class-
es.At a time when the local radio sta-
tions are airing parang songs, which
often incorporate the Spanish language
and use of the cuatro, we are lingering
in the dark about the future of our
beloved and much needed classes.
Perhaps because Her Excellency has
never visited the school to get a first-
hand view of the family-like atmos-
phere, under which classes are con-
ducted, she may not know the closure
of the classes is like a blow to our
Again, we appeal to the Ambassador
to intervene to try to rectify the sit-
uation and resume classes. We pro-
posed that at her earliest convenience
she meets with us and/or the San Fer-
nando--based teachers to expedite the
Students of IVCC
San Fernando branch
classes in Sando please,
A piece of debris from a rocket washed up on the shoreline of the Cumana Fishing Depot on Thursday
morning. The material was 14 feet in length, five feet in width, white and made of metal, with insulation and
a red wire on the inside, said Keston Sobers, a resident living near the depot.
Ramesh Lutchmedial, director general of Civil Aviation at the T&T Civil Aviation Authority confirmed the
Residents called the authorities but no one came and unfortunately the tide claimed the piece of wreckage
either Thursday night or Friday morning. PHOTO COURTESY KESTON SOBERS
'Aircraft debris' washes ashore
Unexplained money is flowing
into Flow s bank accounts, drip by
Flow should be made to explain
to the public, the Government of
T&T, Consumer Affairs Division
and all other concerned stakehold-
ers the following.
Flow announced this week, price
decreases as well as unchanged
prices in light of the reduction of
VAT from 15 per cent to 12.5 per
cent that is to take effect from Jan-
It is quite incomprehensive
why, for some of its products and
services they are not decreasing
their prices as expected (despite
drop in VAT rate). Flow shouldn t
be allowed to stick us with this
Is it that the base prices for some
of their products and services
increased and that is why the effect
on their VAT is nil? If this is the
case, can they need tell us which
ones, when did the increase take
place, and what are the percentage
increases? Are the increases really
equal to 2.5 per cent of base cost
that nicely matches the 2.5 per
cent decrease in the VAT rate?
Some institution needs to verify
what they may tell us is true. Any-
body can say this or that cost has
increased so we have to raise our
prices. If we follow this presumed
logic then they need to tell us how
these increases affect some of their
products and not others.
We cannot just sit idly by and
accept price increases without an
explanation. If they are justifiable,
then no problem. But to be told
that there will be no reduction
despite VAT falling, without any
explanation is insulting!
By the way, Flow was asked to
stop airing channels they had no
permission to use. This is called
stealing; another crime by Flow.
We got no reduction in fees for
this cut in service.
Who will pick up this fight for
the public? Will it all be forgotten
in seven days time?
Flow needs to explain high rates
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