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Bank of Jamaica Governor Derick Latibeaudiere & Commissioner of Police, Rear Admiral Hardley Lewin Resigns.
11/03/09
Bank of Jamaica Governor Derick Latibeaudiere & Commissioner of Police, Rear Admiral Hardley Lewin Resigns.
Bank of Jamaica Governor, Derick Latibeaudiere and Jamaica’s Police Chief, Rear Admiral Hardley Lewin have both resigned their respective positions. So far the Government has not offered an official explanation to the nation on either account. Everyone is speculating, after all we are in the middle of negotiations with the IMF and our escalating crime rate has every Jamaican concerned. Whatever the reasons I’m sure it will all come out sooner or later; in the meantime what could be the implications for Jamaica.
Well already as a direct result of the Bank of Jamaica Governor, Derick Latibeaudiere’s resignation Standard and Poor’s (S&P) has downgraded Jamaica’s credit rating from a CCC+ to a CCC. The question is why should this matter to us? Well, S&P provides investors worldwide with independent credit ratings, indices, risk evaluation, investment research and data about their investment and financial decisions. Therefore anyone contemplating investing in Jamaica at this time is sure to think twice.
Another grave concern on the minds of many Jamaicans is the likelihood of further devaluation of the Jamaican dollar. With failing confidence in the economy comes stock piling of foreign exchange. It’s a matter of supply and demand, the higher the demand the higher the price.
Foremost on everyone’s mind these days is the growing crime rate in Jamaica. Over the last two years we have had two Security, Ministers Derrick Smith and Colonel Trevor MacMillan and two Police Commissioners, Lucius Thomas and now, Rear Admiral Hardley Lewin stepping down. In the meantime the crime rate has escalated.
Another issue plaguing us is the extradition request for Christopher ‘Dudus’ Coke. Word on the street is that this situation could get really ugly before reaching a conclusion. Many believe that Rear Admiral Hardley Lewin was the man to offer some relief/ solutions in fighting the crime situation given a free hand. I guess we will never know, or will we. This is not the first time that the commissioner has resigned. On June 02, 2008 after just 169 days in office, Rear Admiral Hardley Lewin had tendered his resignation. Then, Prime Minister Bruce Golding quickly met with officials from the Police Services Commission and the Minister of National Security. Lewin withdrew his resignation and remained at the helm of the police force. In was back in office June 03, 2008.
The truth is that the silence of the government is deafening. The speculations and uncertainties are not helping the country. Whatever confidence was there is failing and failing fast. Hopefully we will get some answers soon.
Nuff love
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Reasons why I love my Jamaican Mom
1. My Mother taught me about ANTICIPATION.
"Just wait till we get home."
2. My Mother taught me about RECEIVING.
"You going get a ass'n when we get home!"
3. My Mother taught me to MEET A CHALLENGE.
"What di backside yu thinkin'? Answer me when me talk to you...Don't talk back to me!"
4. My Mother taught me CONSEQUENCES.
"If yu run cross de road an' cyar lick yu dung, a goin' kill yu wid lick."
5. My Mother taught me THE VALUE OF EDUCATION.
"If yu no go a school, yu a go tun tief or walk an' pick up bottle."
6. My Mother taught me MEDICAL SCIENCE.
"If yu tun over yu eye lid an fly pitch pan it, it a go stay so fi evva."
7. My Mother taught me to THINK AHEAD.
"Is not one time monkey goin' wan' wife"
8. My Mother taught me ESP.
"Yu tink a don't know what yu up to nuh?"
9. My Mother taught me HUMOR.
"If yu don' eat food, breeze goin' blow yu 'way."
10. My Mother taught me how to BECOME AN ADULT.
"Come an' tek yu beatin' like man."
11. My Mother taught me about SEX.
"Yu tink say yu drop from sky?"
12. My Mother taught me about GENETICS.
"Yu jus' like yu faada."
13. My Mother taught me about my ROOTS.
"Yu tink mi come from "Back A Wall?"
14. My Mother taught me about WISDOM OF AGE.
"When yu get to be as ol' as me, yu wi understan'."
15. And my all time favorite... JUSTICE.
"One day wen yu have pickney, a hope dem treat yu same way."
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