Previous Story
Loss of investor confidence
|
Posted on Feb 09 2001
The Issue: Federalization and a confused agenda combine for the loss of badly needed investments.
Our View: NMI must commit to rebuilding the ruined bridge of stability to regain investor confidence.
When the largest construction companies begin downsizing substantially, policy-makers and decision-makers on Capital Hill should take heed of this troubling or negative indicator. It’s a serious issue showing how the local economy hasn’t been able to weather the tough times forced upon these isles by internal and external influences.
The most critical question is whether something would break for the better anytime soon? If so, what is it? If not, why NOT? It’s a dire situation only leadership could resolve by stepping in with an ultra-sense of proactivity to salvage an economy that has been reeling since four years ago.
The downside to the loss of revenue generation is the obvious loss of investor confidence in these isles. Unless we roll up our sleeves with greater resolve to pull the bull’s horn forcibly into our corner, talk of a rebound would blow-off in the wind of: “After all is said and done, a lot more is said than done”.
It is at the grassroots level that we see and feel the true pulse of the Northern Marianas Community. It is in business venues where you come to reality check with the dire economic conditions all written in the worried and troubled faces of business owners. It is at this levels where the elected leaders of these isles must visit if anything, but to feel the real pinch of hardship they have fanned by indecisions and mañana.
It was last Holiday Season when the true nature of the economic crisis showed its dire effects on the livelihood of our people. However the generous season, most were on full guard watching how each penny in the family pocketbook is spent. We hope that we don’t allow a repeat of history this year. Hello? Anybody home? Fan maase` nu i haanen i taotaota siha! Si Yuus Maase`!
