6 Things You Need To Know Today – December 13, 2012

  1. Depreciating Dollar Bumps Up Nation’s Debt by $25 Billion.  One percent depreciation increases the debt stock by approximately 0.5% according to the Medium Term Debt Strategy 2012.   The article examines the increased value of the debt based on the foreign denominated debt and this projected rate of increase due to devaluation.  [Read more at Jamaica-Gleaner.com].  For more about the debt, read our diGJamaica.com blog posts:  diGging The Debt – External Debt and diGging The Domestic Debt
  2. The IMF Has Thrown Out Nothing. Minister of Finance and Planning, Dr. Peter Phillips dispelled reports that the IMF had thrown out the Government’s tax reform proposals. He also opined on whether or not an agreement could be reached by the end of the year.  [Read more here at Jamaica-Gleaner.com]
  3. ‘You Have Failed Us’. Citing the failure of the Government, media, parenting, the Church, culture – and society in general – for the growing rate of teenage sex, the students of Ardenne High School are of the view that whether the age of consent in Jamaica is raised is irrelevant. [Read more here at Jamaica-Gleaner.com]
  4. ‘Reckless’ UDC Feels Heat At PAAC Meeting.  Members of the Public Administration and Appropriations Committee (PAAC) expressed concern about the finances and management practices of the UDC following the revealtion that the UDC lost nearly $760 million in the first seven months of this year.  [Read more at Jamaica-Gleaner.com]
  5. ‘Mobay Is Going To See Jobs, Jobs, Jobs’.  State Minister for Industry and Commerce and Member of Parliament for West Central St. James, Sharon Ffolkes-Abrahams said in a speech yesterday that more jobs would be coming from the ICT sector in Montego Bay [Read more here at Jamaica-Gleaner.com]
  6. Christmas Cheer For Jamaicans In Rockaway, NY.  Jamaican community activity Michael Duncan, with the help of community groups, churches, area companies, media houses, artists, local restaurants and good Samaritans, has created an event called ‘Christmas in The Rockaways’, designed to bring holiday cheer to the needy. [Read more here at Jamaica-Gleaner.com]