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October 7th, 2023
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.

December 1st, 2022
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.

October 19th, 2022
UK inflation @ 40-year high as food prices rise


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.

August 27th, 2022
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.

August 25th, 2022
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.

August 22nd, 2022
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.

August 13th, 2022
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.

February 25th, 2022
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.

January 6th, 2022
‘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.

June 5th, 2021
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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