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Misick says government is too soft and not creative on issues that matter

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Providenciales, TCI, June 30, 2016 – Michael Eugene Misick is not forming a new political party but Michael Eugene Misick is running in the next General Election and not as a candidate endorsed by his party the PNP.  In a press conference held yesterday at the Alexandra Resort, the ex-Premier explained that he was intentionally barred from participating in the At Large race by his PNP which did not include him on an official list issued earlier this month.

A meeting was had with the party Leader, Rufus Ewing and the party national Chairman, Royal Robinson he says, but they could not settle the issue and now, Mike is on his own but says he is still PNP.

There was no major issue left untackled by Misick; he had criticism for the scholarship spending, which he labeled as too skinny and restrictive.  “Our scholarship budget was, anywhere from between twenty and at one stage thirty million dollars a year.  Today it’s around one million dollars a year, it’s not acceptable.  We have more children coming out of school, and some of them are doing a lot better, and no scholarship.”

 He is not in agreement with the top police officers on the Royal Turks and Caicos Island Police Force being from the UK.  “It is completely unacceptable, that the three highest ranking officers in the police force are English.  When I was Premier, and if I am Premier, this would never happen.   When I was Premier, there were no Englishman in the police force,  the way they might have come was as an adviser.  And so we go back to the stage where we, and there is a number of talented young persons in the Turks and Caicos Islands, who are in the force, who must be given the opportunity to become Commissioner of police and Deputy Commissioner.”

He also said the government is not tough enough on crime; not creative enough with establishing institutions like a technical school or an outright tourism college.  And though he had the chance to do many of these things himself while in office from 2003 to 2009, in response to a Magnetic Media question regarding that he said, his administration ran out of time, expected to have two more terms after their 2007 victory at the polls and was interrupted by the British.

He also said the British lied to the country about the reality of national debt.  “Do we look broke, we weren’t broke then.  When I left office, the Turks and Caicos could never be broke.  When I left office we left a debt of seventy five million dollars, seventy five million dollars we left a debt for, and this was after two hurricanes, hurricane Ike and hurricane Hanna, which was a tropical storm but also damaged the islands.  So at the ending part of 2008-2009, we were recovering, because as you know when the hurricane came,  there were three of four months without a revenue coming in where we spent millions of dollars in hurricane aid and we had zero from the British, so the colonizer always says that.  They had to say something in order to justify them bringing in hundreds of English people to work during the interim administration, the fact that they intervened, the economy died, and so they had to prop up the economy, and they borrowed money, we were not broke.”

Interestingly, Michael Misick said that if he were needed by the PNP in order for his party to hold government in another tight election race, he would reconnect for the cause.

 

 

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Bahamas News

Brave presentation in defence of Bahamas’ financial services reputation by PM Davis

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By Sherrica Thompson

Staff Writer

 

#TheBahamas, October 1, 2022 – Prime Minister of the Bahamas Phillip ‘Brave’ Davis is again calling for equality in the financial services sector and for the United Nations to leverage its universal jurisdiction for greater oversight of global anti-money laundering de-risking and tax cooperation matters.

In addressing the United Nations General Assembly on Saturday, September 24, Prime Minister Davis said the Bahamas is one of the best-regulated countries in the world, yet it has been under attack by international bodies and placed on the Organisation for Economic Co-operation and Development (OECD) blacklist while transgressions in the developed world are ignored.

He questioned why this was the case and highlighted some disparities in the financial sector.

“Why is it that European states that operate frameworks akin to that of high-risk or blacklisted countries, are not even eligible for inclusion on these lists? Why are all the countries targeted – all of them – small and vulnerable, and former colonies of European states? We find it astounding that the $2-$3 trillion dollars which is estimated to be laundered each year through the developed countries, are never flagged as causes for concern,” articulated Phillip Davis, addressing the 77th session in New York.

Prime Minister Davis further noted that there are elements of racism in the decision-making when it comes to regulating black-governed countries in the financial services sector. He also declared that black-governed countries matter as well.

And yet my country, which is widely recognized as one of the best-regulated countries in the world, and other countries like The Bahamas, are singled-out for such reputational attacks? The robust regulatory regimes of our Central Bank, Securities Commission, and Insurance Commission, are chastised on minor details of technical process, while much bigger transgressions in the developed world are ignored.

The evidence is mounting, that the considerations behind these decisions have less to do with compliance, and more to do with darker issues of pre-judged, discriminatory perceptions. Black-governed countries also matter.”

 Davis also highlighted the need for reforms that apply to all in the global financial system.

“Mr. President: We support the call for reforms in the global financial system to make it more relevant to the needs of today. But those reforms need ambition. They need to go beyond the incremental. And they need to apply to all. For example, the community of international financial institutions are in a position to forgive the debt incurred by the economic shutdowns during the COVID-19 pandemic. They should do so.”

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Will US President Biden deliver on Climate Change funding?

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By Dana Malcolm

Staff Writer

 

#USA, October 1, 2022 – US President Joe Biden has reiterated his promise that low income countries, which are also low carbon emitters will receive increased climate aid from the US to the tune of $11 billion per year.

The President was speaking at the 77th session of the United Nations General Assembly recently where he maintained his administration was working with Congress to get the funds which would ‘help lower-income countries implement their climate goals and ensure a just energy transition.’

The plan was announced in September 2021 and is a reflection of the USA’s part in the 2010 global pledge made by developed countries to give $100 billion annually in climate financing to developing nations each year.  Biden has indicated that the plan will be in effect by 2024.

While he stressed at the UN that the need is ‘enormous’ the President is having trouble convincing lawmakers at home.  So far the funding which must be approved by Congress has not materialized. The United States Congress is known for having a particularly tight hold on the national purse in regards to climate change funding.

In fact congress dedicated only a little over $1 billion to climate change this year according to Bloomberg.  The US also has a history of promising funding for climate change but not delivering on those high priced promises.

Whether this $11 billion will actually get to nations like those in the Caribbean region is yet to be seen.

This year, the General Assembly heard from 190 speakers, including 76 Heads of State, 50 Heads of Government, four Vice-Presidents, five Deputy Prime Ministers, 48 Ministers and seven Heads of Delegations according to General Assembly President Csaba Kőrösi as he summed up the first in-person General Debate since the start of the COVID-19 pandemic.

 

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Caribbean News

Hurricane Ian impact on Cayman Islands

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By Sherrica Thompson

Staff Writer

 

#Cayman, October 1, 2022 – The Cayman Islands experienced fierce winds and high seas from Hurricane Ian on Monday, as the storm passed offshore, causing little lasting damage.

Some areas on the island experienced flooding as low-lying condo complexes and some residential back roads were inundated with water. Almost 4,000 homes were without power on Monday; however, most had electricity restored by the evening.

There were also no reports of any injuries, deaths, or serious structural damage.  The country started its restoration process on Monday afternoon, clearing debris from the roads, surveying the damage and providing support to residents where needed.

In a statement on Monday afternoon, Premier of the Cayman Islands Wayne Panton said he was pleased with how residents handled the situation.

“While we have been very fortunate to have been spared the worst of a potentially very serious storm, I’m extremely pleased to have seen the efforts made by the Caymanian public to prepare for ‘the worst, while praying for the best. In this situation, this is simply the safest, most strategic thing to do,” the Premier said

Despite the all-clear being issued on Monday evening, the Ministry of Education announced that government schools will remain closed to students until Wednesday, 28 September.

Meanwhile, in Cuba, authorities have declared emergencies in six areas, with forecasters warning of storm surges on the coast along with flash floods and mudslides.

Tens of thousands of people were told to leave their homes and seek shelter. Cuba could see up to 12 inches of rain from Hurricane Ian.

Hurricane Ian dramatically intensified and is blamed for at least two dozen deaths in Florida; where the storm struck with near category five force winds and a near 20 foot storm surge.

Over 700 rescue operations were activated in Florida in the aftermath of the storm, which is still wreaking havoc in the U.S.

 

Cayman photo credit:  RC Cord

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