Sunday, January 26, 2020
Two Governors and A Rupee
Labels:
Basant Roi,
Clip,
Flat tax,
growth,
Manou Bheenick,
rupee
Monday, January 20, 2020
How to Burn Billions
Labels:
Clip,
growth,
Industry life cycle,
Strategy,
Sugar
Sunday, January 19, 2020
Why Dookun-Luchoomun Must Allow 3 Credits to Go Through This Time
Because she doesn’t want to make a massive blunder like Nando Bodha did in early 2015 when he scrapped the point system without assessing its effectiveness and replaced it with a more ‘user-friendly’ alternative. As the chart shows road fatalities for the past five years have never been lower than the level they reached in 2014. Unlike in Singapore (in green) where they’ve fallen in every one of those years save 2018 when they increased by two. In fact if we had managed to have their cumulative number of fatalities over that period – which is setting the bar too low given that they have four-and-a-half times more people than us – we would have saved 75 lives between 2015 and 2019. Mr. Bodha has also been working hard to make the traffic Frankenstein meaner and road-users have already noticed that his tram which he calls a metro didn’t solve anything as expected.
Instead, Ms. Luchoomun should rather want to take 2020 to properly assess the life and academic trajectories of those thousands of citizens that were allowed in Lower Six with three credits for a number of years and to compare them with those of their friends that had a few more credits. This will provide her with the hard facts of the matter, essential ingredients for good decision-making. My hunch is that there will not be a big difference between the two groups. Definitely not large enough to take the kind of risk the Minister is currently assuming. Too much is at stake here. The more so that we may currently have the worst substance abuse problem in our history and our old industrial education system that relies too much on rote-learning is not adequate anymore for a hyper connected world. Besides Cambridge has computed that 70.93% of the most recent SC-takers have passed their exams – these overlapped an election campaign. That’s 13,235, not 5,518, and therefore means that the British examiner has deemed that even 2,129 of the 3,092 who got 1 credit have passed. Government should in fact allow everyone who took these exams to either have a place in Lower Six or in a polytechnic and to move ahead – Jony Ive isn’t going to be there forever.
Ms. Luchoomun will also want to contact the OECD fast so we participate in PISA 2021 and find out if we have improved from the 56th place we clocked in Maths in PISA 2009, the only time we ever participated in this serious survey. As for the 5 credits needed by the PSC they can be kept but arrangements must definitely be made so that SC exams are available every three months or better still online. The blah blah blah about the necessity of shutting out any student without five credits otherwise we’ll end up with a stupid elite will die out rapidly if we consider two facts. The first one is that our savings culture was killed by someone who did very well in his HSC Economics exam and then proceeded to the LSE on a special scholarship when one Kher Jagatsingh was Minister of Education. The other is that a Minister who has a first degree in law wanted to literally sell our clouds because he didn’t like the CWA hotline.
Worried parents should of course get in touch with their MPs and Ms. Luchoomun. Because we don’t have recall elections yet.
Labels:
Chart,
CWA,
Frankenstein,
HSC,
Ivan Collendavelloo,
Kher Jagatsingh,
Leela Devi Dookun-Luchoomun,
Nando Bodha,
PISA,
Rama Sithanen,
Road fatalities,
Savings rate
Friday, January 10, 2020
Mauritius Gets 2nd Three–Cornered Fight
Labels:
Clip,
FPTP,
General Elections,
Labour Party,
MMM,
MSM,
OPR,
PMSD
Friday, January 3, 2020
Flat Tax to Cause Rs78bn Hole in Treasury This Year
Because we’re definitely not getting the 8% growth rate promised to justify maintaining the destructive 15% uniform rate. Which would explain why we’ve hit a new low in the exercise of our sovereignty. And things will get worse every year with the shortfall rapidly rising to Rs136bn by the time we vote again in 2024. This means a cumulative shortfall of Rs528bn for the next five years bringing the total since this folly started in 2006 to Rs882bn.
This leaves very little time for Mr. Padayachy, the new Finance Minister, to bring back our public finances on a more sustainable track. A new budget this month would help prevent his political career from going into free fall.
Labels:
Budget,
Chart,
Flat tax,
Rama Sithanen,
Renganaden Padayachy,
toohrooh
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