RESPONSE IN PARLIAMENT REGARDING REPORT ON BANK CHARGES

 

The report prepared for the Bank Jamaica has to be produced in evidence.  It is my contention that such a report was never done, and did not exist at the time the response from BOJ came in a few weeks ago. There was no comparison of charges made in depositing US Funds in any of the small Islands, or adjacent places, There is no charge for clients paying a fee for withdrawing their own money from the banks (as with NCB), just a figment of someone’s imagination. All the conclusions of this report are invalid. AS a matter of fact, rarely do Banks in Jamaica deposit funds overseas using a courier like Brinks. All foreign funds in Jamaica are traded within the system of Banks, so there is no reason to charge for foreign exchange deposits.

I had been put on notice that my attendance at the Parliamentary meeting that I would be called to give some credence to my assertions, I am deeply disappointed that I was never asked, and the meeting terminated without satisfactory answers, and absolution given to the Banking system.

These are among the reasons for a lack of transparency among our heavily paid banking executives, and confusion in the private sector. The signs and signals are all wrong, and are presented to persons assumed gullible enough to read and believe.

 

 

Yours very truly’

 

 

Ramesh Sujanani

CUBAN MILITIA THREATENING VENEZUELANS (IN VENEZUELA)

             CUBANS TERRORISNG VENEZUELA

It is interesting to see that most writers are suggesting that Cuba is not only on the mend, but pending growth. In spite of this, the USA embargo on Cuba is a considered antagonist in their business. What is wrong?

 Hilary Clinton made a point some years ago when she visited Cuba (or spoke to their delegates), that Cuba seemed to be tightly controlled country; controlled by the Castro brothers, Fidel and Raul. These brothers have an ulterior motive; when they control Cuba they control whatever is there in property, in business, in money, and culture. So much so, that Fidel Castro may be described as the “Oldest Terrorist”; which was written when the Castro brothers were at the pinnacle of their influence with Iran, Venezuela, and much of South America.

 Then a cargo of weapons moving through the Panama Canal, loaded in Cuba, was intercepted by Panamanian Police, who charged them dealing with the North Koreans by trading, and reconstructing arms. (Did we forget and forgive this act of terrorism?).

Then we see the relationship of Castro with Chavez, where Chavez supplied subsidized fuel, and Cuba had to pay with troops, doctors and other skilled personnel, after their agreements with the Soviets had expired.

In Venezuela’s current situation, Cuba under Maduro has added additional specialists in law and order, equipped as soldiers.

And of course the many Cubans, dissidents they were called, who disagreed with Castro’s manipulation of his country’s freedom, to-day they still see conspiracies and coup plots. On Tuesday, it was said that three air force generals had been arrested and accused of planning a military uprising in Venezuela, where Cuba controls security.

Still, the notion that Cuba’s future is at play in Venezuela is tempting hard-liners from both sides, including influential Cuban Americans, to polarize the conflict further, said Arturo López-Levy, a former Cuban security analyst who lectures at the University of Denver, now head of the Venezuelan Opposition. “Compromise is not a word in the lexicon of the Cuban revolution,” or of the Cuban exile community, Mr. López-Levy said.”

 “There is a civil society in Venezuela,” said Eugenio Yañez, a Cuban commentator and former academic who lives in Miami. “The Cuban opposition would love to be able to do what they’re doing in Venezuela, but they can’t.”

The greatest concern to Caribbean members (Caricom) is the support of Petro-Caribe, the Sales organization that manages distribution of Oil Supplies to most Caribbean Nations (including Jamaica). Set up by Chavez the oil is sold or distributed under very favourable terms including a discount to the Energy thirsty Caribbean. Should the Opposition in Venezuela come to power it is doubtful that this benefit would continue.

But the strongest Indictments come from Senator Marco Rubio, the junior senator from Miami, whose parents came to Miami from Cuba just the time of the Revolution, 1959. Senator Rubio is a member of the Legislature, and is very influential in the Cuban American Community in Florida. In response to many claims of efficient medical practice, he explains:

“The infant mortality rate is calculated on figures provided by the Government, who are not accurate in their reporting. If an infant lives only a few hours after birth, they are not counted as persons who ever lived. Children having problems in utero, are encouraged to abort, resulting in one of the highest abortion rates in the world. Skilled Doctors in Cuba would rather drive taxis, or work in a hotel, than be a doctor; their preference is to migrate to the USA or wherever the occupation is more lucrative.”

“Students who claim to be educated and are able to read, have no access to blogs, or the New York Times, or the Wall Street Journal, so while it is great to be literate, what’s the point when there is nothing to read?”

When asked about terrorism Rubio responded, ‘’Cuba is a state sponsor of terrorism.”                               

 

  (663 words)

(Ref: NY Times; var. op-eds)