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Anytime our government reduces the MARKET rate of Liberian dollars to US$, it will result in the creation of black markets, where people go to exchange their weaker currency (Liberian Dollar) for the stronger currency (U.S. Dollar) or vice visa. Op-ed 

Foreign Exchange Rate Reduction in Liberia

The Editor, Would a foreign exchange rate reduction, imposed by government, help chicken feet sellers in Liberia?  Please!  (Re “Reduce U.S. Rate, Not Chicken Feet”). When the price of something is “too high”, many people think that the answer is for the government to “do something” to force the price down (price control). But anyone who knows history or have taken economics 101 know that long lines, shortages, and black market are common in countries where the government have force down prices (price controls)! Anytime our government reduces the MARKET…

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Liberia’s Messy Education

The Editor, Some of the products of our government schools don’t know anything and have not learnt their lessons and therefore cannot help our society! And they can’t spell either—even if you told them that the word “pupil” begins with a consonant and has 2 vowels in it, they will scratch their heads! Even with signs stating to keep the beaches clean, you still see them booting on our beaches. But yet the President believes that you can improve our education system by emulating the failed top-down policies from the…

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INTERNATIONAL CALL RATES UP WITH NEW LTA ORDER

The Editor, it time to admit that LTA (Liberia Telecommunication Authority) is not doing its job. I wish the President would go on EBLC and say, “My fellow citizens! Our LTA commissioners have fail the consumers, and that effective immediately, she was firing them” But do you think she’d do that? Please…You ever hear Fanti woman say her fish is rotten?? (Re “LIBERIA’S INTERNATIONAL CALL RATES UP WITH NEW LTA ORDER”) According the the aforementioned article, by the stroke of a pen, these commissioners, oops, I mean have jacked up…

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“Ellen Dishes Out US$16,780 to 750 Graduates”

The Editor, I mean no disrespect to the President, but whose money is she dishing out like that? Is it her own money or da other people’s money? Re: “Ellen Dishes Out US$16,780 to 750 Graduates.” The great economist, Milton Friedman, taught us that there are four ways to spend money: 1) spending your own money on yourself, 2) spending your own money on somebody else, 3) spending other people’s money on yourself (hint: Nocal executives!) and 4) spending other people’s money on somebody else! (hint: CBL’s micro-finance program) Look,…

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“FIFA Legacy of Corruption Under Blatter and Bility Pledge to End it”

The Editor, Does Musa Bility have the credibility to become FIFA’s president and clean up its corruption? The answer is a big fat NO! (Re “FIFA Legacy of Corruption Under Blatter and Bility Pledge to End it”) Look, FIFA is starving for a leader with good moral character, so how can you expect a ‘back-scratcher’ like Bility, to clean up its corruption, when much of Bility’s past is sketchy? 1) Does a man (Bility) who accepted bribe money for his vote to grant the World Cup to Qatar sounds someone…

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Charges Against Oil Company ‘BRIBERY’ Indictees Dropped

The Editor, Doesn’t the Justice Ministry’s gross incompetence warrants its elimination? We all know that 99.9999 percent of Liberian officials are nothing but scoundrels! Stealing, it seems is a natural gift for govt officials The Ministry can’t even prosecute the few of those that are caught by the General Auditing Commission (GAC), Liberian Anti-Corruption Commission (LACC), and the Public Procurement Concession Commission (PPCC), because the capacity to do so has not been created by the current enabling environment under the Up-led govt. So how can you justified the continued existence…

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Decent Work Bill Sails the Senate

The Editor, Youth unemployment is a major threat to the peace and stability of our country, but yet those Assemblymen in the Senate are busy passing a legislation that would kill jobs for our young people. (Re “Decent Work Bill Sails at the Senate”) This so called Decent Work Bill, which sets the minimum wage at US$3.50 a day for domestic workers and US$5.50 for other skilled workers, is nothing but a job killer! By the way, I’d like to know how our senators arrived at those numbers (US$3.50 and…

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Politics 

CBL Jones Free Wheeling

CBL Gov. Mills Jones pic: liberianobserver The Editor, Why are some Liberians calling the CBL Governor, a “poverty doctor”, for his generosity with other people’s money? Is that the new definition of the word “doctor”? I don’t think so….. (Re “Western Liberians Hail CBL Governor As a Poverty Doctor”, Daily Observer Online, 06/02/2015) But hey, if Governor Mills Jones is a “poverty doctor”, why isn’t his pill for poverty working, hmmmmm? We all know that Doctor Jones’ pill for curing poverty is the CBL’s micro finance program. Under that program,…

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Liberia’s Lavish NOCAL Travel Rumors

The Editor, Who give these bureaucrats (20 executives at NOCAL) immunity to steal from us with impunity? (Re: “Lavish NOCAL Travel Rumors Abound…”) The last time I checked, NOCAL was a state-owned enterprise! In other words, we the Liberian people own NOCAL. As owners (shareholders) of NOCAL, shouldn’t we have access to the minutes of their board meetings and audited financial statements? And shouldn’t we hold them accountable to spend our money wisely? If NOCAL’s CEO (Randolph McClain) and his board members want to take lavish trips, why can’t they…

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Probing Mills Jones

The Editor, Why is the CBL Governor (Mills Jones) running for cover when lawmakers shine the light on him! (Re “Probing Mills Jones….”) According to the Governor Jones, the Central Bank is already being audited yearly by a reputable and professional external auditors (PricewaterhouseCoopers). But so what? Just because the Bank is audited yearly by external auditors, does that mean that we, the people (shareholders), cannot require our internal auditors (General Auditing Commission) to audit the CBL, especially its Micro-freebie Loan program, oops, I meant to say Micro-finance! Please… Hey,…

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