
With reference to Howard Hamilton's article published on May 28 , I was so disappointed to read this learned man of law on the subject. He does not want the International Monetary Fund (IMF) but wants us to raise bonds to redevelop our capital city.
While we may be able to raise some US dollars from these bonds, the import content of any construction projects, especially those on a large scale, requires access to large amounts of foreign exchange, which is why any huge expansion of the Jamaican economy would require the IMF at this time.
The point made about the project being led by "people who have already made it" and, therefore, have no need to be corrupt is absolutely ludicrous as there are many examples the moneyed class who have "Madeoff " with too much.
I know our passion for this country runs true and deep, but we need many masters of single trades and very few "Jacks" of all.
Tony Wright
bornjamaican@hotmail.com
... Good proposal
I support Howard Hamilton's bond proposal 100 per cent and would consider it an honour to put towards any honest initiative to accumulate funds, as necessary, not only to redevelop downtown Kingston, but to pay off the massive debt that has replaced the chains of slavery.
My recollection of Jamaican collective action for communal development, however, is not good. Too often, there are many among us who seek nothing else but their own improvement in life.
A bond issue may provide some security in that it has a return. For the sake of my country, I would be willing to take a return of one per cent for a ten-year issue, with the caveat that the money be specifically for national development.
- Hugh M. Dunbar,
West New York
New Jersey
Give us hope
When hope dissipates, hopelessness takes its place.
Law-abiding citizens are held in contempt and punished to the furthest degree whenever they transcend the periphery of 'right and wrong'. But those who have taken up residence outside the realms of law and order are never brought to face the music; they are simply given a slap on the wrist when they commit their many atrocities.
The Student Loan Bureau has provided an avenue for the poor to escape poverty. But this doorway seems to be drawing closer and closer to being shut with each passing day.
- Tekel Ingram
mr_debonaire@hotmail.com