The Heritage and Stabilization Fund of Trinidad and Tobago, or fondly called the National Piggybank, is like a hundred dollar bill and once you break it, it may disappear in Miami. The fund is fortunately controlled by law and a five member Board with proven competence in the fields of finance, investment, economics, business management or law, including an officer of the Central Bank and the Ministry of Finance. Non-supporters of PM PM orcritics of Early CL Financial Withdrawals by those who knewwill not normally be considered for membership to this five-member Board regardless of competence in the stated fields. However, an exception will be made for those who have a yacht and high-rise apartment in Miami bought with deadly and sensual money.
The Trinidad and Tobago International Financial Centre or The Real Central Bank will be launched soon now that the South terminal at Piarco International Airport has been upgraded to the standards demanded by the Important but Greedy People Who Want to Get Their Hands on Our Funds and also now that the top of Number One Woodbrook Place can be seen by all common people even on a cloudy, and floodless day. Big names with private jets and helicopters and who can pass the litmus integrity test set by our President of Integrity and nasal tones are practically banging The Minister of Finance‘s Door to get into the TTIFC. According to a report in the Trinidad Guardian on May 14th 2009, the clientele of the TTIFC will be persons who own private jets, whose currency is time and they have to maximise use of their time. “So private jets are not a luxury but a necessity for people like that.” If they could have a private jet who is he to not.
Budget for 2010
The Budget for 2010 will be unleashed in Parliament tomorrow and in keeping with developed nation wannabe status there will be no excessive spending except for the excessive spending was committed to in back rooms some time ago. Both the rich man and the poor people with Audis and BMWs will be asked to pay more at the pump which will make pumping even more expensive. An Obama-type tax on the rich will be introduced but not to better the lot of the poor. This new Trini-tax will help fund the shortfall in kickbacks due to the recession and also facilitate vital social programs like reelection of the ruling party and helicopters. The Budget 2010 will see words of caution, hope and as usual, will have plenty Hart.
Productivity – A country’s productivity is usually measured by the country’s GDP per hours worked.
GDP – Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total. ~ Investopedia
Productivity isn’t everything but in the end it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. ~ Paul Krugman
Short skirts in the workplace has been shown to boost productivity by boosting attendance. ~ aka_lol
Prime Minister Patrick Manning said the country’s productivity has been falling for the last five years and though I didn’t have the figures to prove it I had a gut feeling it was so since everybody I knew was either stuck in traffic or flood during productive times. The Prime Minister is saying we citizens were being paid more and more over those five years but we produced less and less. I feel a sense of shame because of this. What The Prime Minister didn’t say was people were being paid more and more for one of several reasons - to avoid starvation due to inflation, to go apartment shopping in Miami or to help win elections. The Prime Minister also said in his speech to launch the Productivity Council that citizens must work harder and come to work on time – the answers are always so simple.
So we need to produce more corn curls, Crix and painted stones (aka GDP) per man per hour. How we in Trinidad and Tobago achieve more productivity will not be easy since UDECOTT is already spending efficiently and the new helicopters will produce more than just dust in we face. The Parliamentarians are taking the lead and agreed to a much deserved wage freeze but will produce more hot air in return. All these efforts must be commended but I am mostly hoping the 15-man Productivity Council has enough productive members to produce a productive report worth producing at a competitive price.