Tuesday, March 8, 2022

1971 All Over Again


When you dig a bit deeper in the current conflict between Russia and Ukraine you can’t help notice the similarity with the Bangladesh Genocide that happened fifty one years ago. At that time West Pakistanis who spoke mostly Urdu and had fairer skin didn’t want to transfer power to Bengali-speaking East Pakistanis after they had won a general election even though both sides were overwhelmingly Muslim. 

Now, West Ukrainians don’t like East Ukrainians because they speak Russian although 80% of the population of the country are Christians. Russia has also moved in Ukraine because Ukraine hinted at joining NATO and this is an unacceptable security risk for the biggest country in the world. The above video is from the Kremlin-sponsored RT but a 2015 documentary by French journalist Anne Laure Bonnel essentially corroborates its content.

Thursday, January 27, 2022

Why Sputnik Didn’t Roll Out Its Delta-specific Jab


Because the original 2-dose mix-and-match version performed well against the deadliest Covid variant so far. Will it have one for the Omicron variant? It could by the end of next month – and have an initial 100m dose ready – but this will depend on how the first version holds up against the milder but way more infectious virus. Results from several studies in Hungary and Italy have shown that the Russian vaccine offers better protection against Omicron than Pfizer and is the best jab in preventing deaths and the second best in avoiding infections. It may also help us avoid 3-4 boosters a-year which would overload our immune system. 

Sunday, November 21, 2021

Let Uver a Promye Minis


Promye Minis,

Striktir taksasyon li pa en badinaz. Flat tax fin tuy buku Morisyin dernye 15 an. Dan en pandemi li tuy buku buku plis dimun. 310 an Oktob si nu fer en analiz konservater ban sif leta sivil ek la si pa fer nanye 744 an Novam. Total pu vin 1,448 la semen prosen. Suinvestisman dan nu system lasante piblik depi 2006 li par dizen de milyar rupi. U pe viv probableman ban moman pli determinan u karyer politik. U bizin fer de zafer tudswit:

1. Met en lokdawn de semen. 
2. Prezant en mini-bidze kot u remet taksasyon korporatif a 30% dan la semen. 

Sinon nu pwal perdi partu la.

Mersi.

Sanjay Jagatsingh

Sunday, October 31, 2021

Curbs Needed Now


There’s been at least 80 Covid deaths so far in Mauritius this October. That’s close to half of the 166 official fatalities since the first one in March 2020. And as the chart shows we believe the real 7-day average of new cases to be almost sixteen times higher. At a minimum alphabetical shopping, daily publication of the number of PCR tests done should be restored immediately and a curfew initiated. More stringent measures should be considered after a better measurement of virus transmission tell us what’s going on. This, along with less opacity and not more, should save many lives and put us on a much smoother path to endemicity. As will a drastic reduction of non-essential interactions and masking up. 

Wednesday, September 29, 2021

Mauritius To Fully Reopen Borders At the Worst Possible Time

October 1 is not looking good. We’ve recently recorded some of the fastest growths in Covid cases in the world that has placed us on CDC’s list of very high infection risk. Deaths have also reached record levels and there is a very wide consensus that authorities are heavily underreporting them – less than half of the 160 covid deaths have been attributed to the virus including only 9% of the 11 people who died with the virus in the last three days. 

The ambient denial can be explained by the fact that the trickle-down economics pursued over the past fifteen years have delivered an economy that’s less than half the one expected. While the vaccination rate is above 60% it will not be enough to prevent the situation from worsening especially when we hear the reply of the President of the union of workers of the Ministry of Health when asked whether a patient is safe when she goes to hospital these days: “I’d rather not answer.”

Tuesday, August 17, 2021

Society of Financial Analysts At 20


At least its evening launch at Clos St. Louis, Domaine les Pailles. This was the first stage of something I had wanted to do since the early nineties. More on this later. Pictured above from left to right are James Leung, CFA, Sanjay Jagatsingh, CFA, Minister of Financial Services, Sushil Khushiram, Randhir Mannick, CFA, the late Anil Poonie and Prem Beejan. Missing in this picture is James Benoit, CFA who was making his speech. The SFA was soon to have Mauritius appended to its name before joining the family of AIMR Societies less than two years later. Today it goes under a slightly different name

Thursday, July 8, 2021

Latest IMF Staff Report is Another Big Time-waster


I’m definitely not spending more than a few minutes on a report (it’s not the only one) that says right off the bat that our economic performance was solid before the pandemic appeared. In 2020 COVID-19 caused a damage of about 100 billion rupees to the Mauritian economy while the GDP shortfall of the 15% flat tax (a Bretton Woods best practice implemented by one of the boys) between 2006 and end of last year was over Rs2.1 trillion. That’s more than 21 times the economic loss from the pandemic.

It’s no surprise then than the IMF/WB have created famine and failed to predict huge uprisings. How much is that litre of oil again now?

Wednesday, July 7, 2021

Two Ways Mauritius Can Help With the Israeli-Palestinian Conflict

The first one is to share how as a multi-religious multi-ethnic population we've been coexisting peacefully for decades since we became independent.

The second way is to showcase our experience with the FPTP (First Past The Post) system, the best electoral system in the world. Our friends in Israel will no doubt be interested to find out that in Mauritius there have been only five general elections since 1996 while they’ve had eleven whereas since 2014 they’ve had five compared to only two here. Plus they had so much trouble forming a government with their PR (proportional representation) system after the 2019 elections that Israel had to go vote again in another three general elections during the past two years, narrowly escaping a fifth a few weeks ago. 

Adoption of a FPTP system like ours will free them from the nightmare of perpetual political instability that leaves the Middle East country with either a caretaker government or one which is not stable enough for way too long. Once they do this they will be a lot more serene to sit down around a table with the Palestinians to hatch a long-lasting deal acceptable to both parties.