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Do not fall into the sales trap |
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Sunday, 02 December 2007 |
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One has this impression that retailers were just waiting for the turkey
bones and left over stuffing to be cleared so that they could launch their sale
initiative and capture the dollars that evaded them since January. Even before
Thanksgiving Day, major newspapers, including those in South
Florida, had grown bulky with retailers’ advertising – some of
which were like magazines. All this grand advertising was for one reason: to
attract mass buyers, to open the holiday shopping season on “Black Friday,”
when all retailers sought to make a profit – to be ‘in the black’.
No one can fault the retailers for wanting to be profitable, especially
as this year has been particularly rough and consumers’ disposable income shrank
in light of rising gas and food prices. However, consumers must be cautioned
not to get caught up in the shopping craze, and put themselves into a debt
trap. Not only are retailers engaged in a phenomenally attractive advertising
campaign but their promotions are also very impressive. Consumers are being
enticed to purchase almost every item one can think of at unbelievable
discounts, averaging 30 percent off the normal sales price. This is particularly
so on electronic items like GSP (satellite driving direction guides), plasma TVs
and computers; as well as clothing. The combination of the advertising and the
promotions is so attractive and tempting that it is very easy for people to
pull out the money set aside for the mortgage, rent, and the car payment, and
go purchase what they certainly do not need.
At this season we urge the community to really think carefully, apply
good sense, before getting caught up in the sales trap. One lesson that
migrants to America
must have learned by now is that the dollar disappears very quickly. It takes
very little time for $1,000 to vanish in a retail shop. It’s not too bad if this
money was saved for this particular purpose, but, very few people have the
ability, or the resources, to save significant amounts to spend at this time. So,
it is not unusual for some people to request credit card increases, take out loans,
or defer major payments like their rent and mortgage just to have spending cash
at Christmas. To do this is irresponsible. Consumers, especially those with
very limited disposable income must follow one basic rule over this shopping
season: do not exceed shopping budget. And, don’t try to please loved ones with
gifts you cannot afford. Real loved ones will still love you if they only
receive a greeting card. There is no use in spending what you don’t have in
December, then worry in January and February about how the bills you ignored
will be paid.
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Sunday, 25 November 2007 |
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The
conviction and sentencing to jail time for former Broward Sheriff Ken Jenne might
come as a surprise to several people in South Florida’s Caribbean
community. They might wonder how someone who had aspirations to be governor of
the state and a respected leader in the region’s law enforcement sector could
be sentenced to serve time. It’s simple: he broke the law.
A major
concern is that there are those in the community that cannot even understand
why Jenne was charged in the first place, for the laws he was found quality of
breaking. That is because they have not come to grips with the implications of
the many laws and regulations that make up the American system.
Back in the
Caribbean, with its relatively laid-back
system, people tend to play hard and fast with some laws, without even
contemplating that there could be serious consequences. Or, in the cases where
people are in fact caught breaking the law, it is not unusual for them to seek
out persons of influence to get the related charges dropped, or pay their way
out of the their problems. That is not to say that the system in the U.S. is
flawless, and that people haven’t bribed their way out of trouble. However,
some Caribbean migrants find themselves in
deep legal holes when they try to beat the system, which they often do, and
discover that it is not as simple as back home.
Take the
filing of taxes. This is an area with which people in our community try to play
dangerous games. Instead of the objective being to pay taxes as they are due,
it is to get as big a refund as possible from adopted Uncle Sam. It is not unusual for people to deliberately
file false information to achieve this or seek out either incompetent or
unscrupulous tax preparers who entice them with promises of large refunds, only
to get surprising responses from the IRS after filing their tax returns that
they in effect owe money to the IRS, or, worse, are subject to an IRS audit.
People must
not take filing taxes with the IRS for granted and as a means for getting
unwarranted large sums from the government. To do this is to commit tax fraud,
the very crime for which the once popular and influential Broward sheriff was
convicted. It is much better to negotiate with the IRS and pay them in
installments if necessary than trying to play hard and fast with the rules, to
avoid paying the debt. Moreover, professional tax accountants should be sought
out to prepare tax returns if there is a problem or if people are not sufficiently
knowledgeable in that area.
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Did this year really fly by that fast? |
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Sunday, 11 November 2007 |
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It is the
time of year when many ponder about it out loud in disbelief.
Sometimes
it is posed as a rhetorical question to a friend, relative or associate, not
really wanting an answer, but seeking some confirmation that their observation
is correct. Did this year really go by faster than last year? A resounding ‘yes’ or nod of the head in the
affirmative always supports the observation.
Really
though, did the past 12 months go by any faster? Did the earth pick up speed in
its rotation around its axis and cause us to have shorter days. Are our days
now 23 hours long? To many it may appear
that way, and maybe it might need further investigation. With global warming
and all the various changes to our environment, we might just be off in the
time measuring department as well.
Here is a
quick refresher course on what we learnt in geography back in school. The earth
rotates at a uniform rate on its axis once every 24 hours. Turning in an
eastward direction the sun "rises" in the east and seemingly
"travels" toward the west during the day. The sun isn't actually
moving; it's the eastward rotation towards the morning sun that makes it appear
that way. This exposure to the sun creates daylight hours and depending on the
time of year, certain parts of the earth is exposed to more daylight hours, but
still within the 24 hours of complete rotation.
Once every
365 ¼ days the earth revolves around the sun. For convenience, the quarter day is
added as an extra day in February to create a leap year and make up for lost
time, so to speak. The constant movement
of the earth around its axis and around the sun is what gives us day and night;
spring, summer, autumn and winter and other seasonal changes as the world
turns. Any slight deviation from this would throw the whole solar system out of
sync and create major changes in weather patterns and the environment as a
whole here on earth.
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Sunday, 11 November 2007 |
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Victory by the
Patrick Manning led People’s National Movement (PNM) in Trinidad
is not surprising. Although there were speculations that the new third party in
Trinidad, the Congress of the People (COP) led
by former Bank of Trinidad Governor, Winston Dookeran, could pull off an upset,
this wasn’t really on the cards. In the history of the Caribbean, wherever
there are two long standing political parties like the PNM and the United
National Conference (UNC) in Trinidad, it is very difficult, if not impossible,
for a third party to intervene and be victorious at the polls.
Evidence of
this was stark in Jamaica
some years ago when the current prime minister and leader of the Jamaica Labor
Party (JLP) left to form a third party, the National Democratic Movement (NDM).
Like in Trinidad, there was speculation that
this third party led by a renowned politician, and consisting of other popular
politicians would have fared well in elections held in 1997, but like Dookeran
and the COP, never won one seat, and it wasn’t too long that the NDM became
irrelevant in Jamaican politics.
It can be
safely said that until a third party that really can present a platform that
indicates that it can present a significant, realistic and positive alternative
to the status quo, third parties will hardly make a difference to the two-party
system that exists in most Caribbean
countries.
In the
Trinidadian elections, the UNC jointly lead by former Prime Minister Basdeo
Panday and international football executive, Jack Warner, surprised many by
winning 15 of the 41 seats contested. One wonders, as so many Trinidadian
national and political analysts had claimed, that if Dookeran had been able to
come to terms with Panday, would the UNC been able to win the additional 6
seats and win the elections? As the elections are further analyzed a clear
answer to this question should be revealed.
As it is
now Patrick Manning has been given a clear mandate to run the affairs of Trinidad for the next fie years. He has broken a growing
trend in the Caribbean, seen in recent
elections, where the opposition parties have been defeating incumbent
government parties. Manning’s victory should auger well for CARICOM, as with
the ruling committee of that regional body consisting of the leaders of each
Caribbean nation, frequent changes in these countries leadership will tend to
place challenges on the smooth continuity of the policies of the organization.
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Crime prevention measures |
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Sunday, 04 November 2007 |
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It is
ironic that coinciding with the opening of the (Caribbean) Regional Conference on Crime and Security at the
University of the West Indies, Mona, on Monday, it was announced that Jamaica’s
crime rate has exceeded 1100, and that on that day four more people died
violently in a controversial shootout involving the police.
Violent crime is rampant in almost every Caribbean country, and is seriously impacting on the
region’s socio-economic health. Some reports indicate that the region is losing
between 4 to 6 percent of potential tourism revenue as a result of crime. The
issue of crime is perplexing leaders in the Caribbean
and none have yet developed a successful solution.
There are two glaring facts that characterize crime in
the Caribbean. One is that it is concentrated
in the inner city communities, and two, an increasing number of youth is
involved in violent crimes. These two characteristics show that there is a
strong correlation between poverty and crime. Youth in inner city communities
are usually poor, have very little reason to hope, and see violent criminal
activities as both the way to earn some quick dollars, and obliterate the
frustration that is associated with living in the inner cities. In short, there
is a major problem existing in Caribbean inner cities not very different than
the problems that affect the inner cities of America.
Another characteristic associated with crime that we
must examine is the quick-solution approach taken by various regional
governments to solve crime. This method is a reactive one that calls for
governments to enhance the capabilities of their police force with more personnel,
vehicles, and better weapons than that of the criminals. This is not the approach
to turn back crime, but rather, unfortunately, it begets more crime, as it influences
the already frustrated youth to react with even more violence widening the gap
between inner city residents and these forces.
We certainly support the statement made by Dr. Jorge Lamas, of the Inter-American
Development Bank, who in a presentation at the regional crime meeting said
that, "Violence requires a multifaceted approach and trying to deal with
these issues with a quick solution or one solution only leads to ineffective
implementation of those solutions."
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