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Debt is a transfer of wealth
Dickson C. Igwe
Debt is like oxygen. It is everywhere in the world of economics. Debt is currency used to pay for what we want and need. It pays for products that are essential to existence such as hospital care, a roof over the head, or a vehicle in a land with no adequate public transportation. Debt can follow us to the grave if we do not pay off debt at a certain age, leaving our survivors to pay the debt.
VI’s 2022 end-of-year inflation rates projected at 6.4% - Premier
DUFF'S BOTTOM, Tortola, VI – As prices continue to rise and currency continues to buy fewer goods and services, the end-of-year projected inflation rate for 2022 in the Virgin Islands is now set a 6.4%, down from an 8.6% mid-year projection driven by price changes and fuel costs.
UK inflation @ 40-year high as food prices rise
AP NEWS
LONDON, UK — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents.
Infrastructure, inflation & the cost of living
Dickson C. Igwe
Poor social and physical infrastructure is costly to residents and causes inflation to inflict greater woe on a society.
Guard against falling into 'depression' over cost of living in VI- Skelton-Cline
BAUGHERS BAY, Tortola, VI– Talk show host Mr Claude O. Skelton-Cline has called on persons in the Virgin Islands (VI) to remain vigilant and not allow the trials of today’s world to drive them into depression or financial challenges.
VI facing cost-of-living crisis over inflation- Shaina M. Smith-Archer
FISH BAY, Tortola, VI– BVI Chamber of Commerce and Hotel Association (BVIVVHA) Chairperson, Ms Shaina M. Smith-Archer has raised as troubling "a cost-of-living crisis" in the Virgin Islands as a result of "imported inflation" that has trickled its way into commodity prices.
Inflation in the Virgin Islands
Dickson C. Igwe
Price controls and reducing taxes will not alleviate the inflation burden in the Virgin Islands. Only charity and handouts to the needy will help contain suffering.
As pandemic impacts economies globally was VI smart to not take UK Loan Guarantee?
ROAD TOWN, Tortola, VI- Even while some, for political reasons, have stated that the Government of the Virgin Islands should have ignored all the risks and red flags and go ahead and accept the £300M Loan Guarantee offer from the United Kingdom (UK) following the destructive hurricanes of 2017, statistics are now showing it may have done the right thing as inflation rises worldwide and economies continue to feel the impact of the pandemic.
‘Compulsive liar’: Backlash over UK PM misleading parliament
LONDON, United Kingdom- The Prime Minister of a nation that considers itself a moral compass for its Overseas Territories and the world, Alexander Boris de Pfeffel Johnson, is facing growing anger after being accused of lying multiple times during Prime Minister’s Questions in the United Kingdom (UK) Parliament on Wednesday, January 5, 2022, and refusing to correct them when confronted.
The inflation beast returns - but don't panic just yet
By Dickson C. Igwe
Now the challenge with inflation is that it increases the cost of living. Inflation when uncontrolled can be very damaging. And if economics is primarily about human behavior, then uncontrolled inflation damages consumer and business confidence which are the platforms upon which economics rests.
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