It\u2019s a new year and, with relative success in self-government over the last four decades, what\u2019s your expectations for the next 40 years? Are you optimistic, pessimistic, guarded, or indifferent? <\/p>\n
Obviously, major focus should shift to private industry expansion to cover the increasing cost of services. But even as I advocate it, initial apprehension tells me something\u2019s amiss.<\/p>\n
For instance, are there still opportunities to do this amidst the decrease of major Nippon investments here in recent past?<\/p>\n
Loss:<\/strong> Remember when Nippon investors walked with their luggage to airplanes? Didn\u2019t we lose some $7 billion on money that used to be recycled in the local economy? Have we recovered from this? Most importantly, did we learn anything from it?<\/p>\n The loss of $7 billion is a huge amount so vitally instrumental in paying cost of public services here. For all we know, didn\u2019t it also force keeping salaries at the poverty income level because there\u2019s no money for it? So 15,000 employees had to endure forced hardship because of leadership negligence?<\/p>\n You connect the dots to make sense of the descending implications against the financial posture of the CNMI. Fund scarcity would be on our plate for breakfast, lunch and dinner. How long would this setback last? How would it affect near and long-term services? Would our friends from Japan return?<\/p>\n Deficit:<\/strong> The economic future of the CNMI lies in its ability to expand private industry beyond conventional wisdom. This requires serious discussions among key players. The issue is significant and requires a lot of thoughtful planning.<\/p>\n Successful expansion grants the NMI the ability to create more jobs and generate more revenues. As it is, the cumulative deficit keeps increasing. Reportedly, CHC is in the hole by $26 million and escalating. I\u2019m convinced it isn\u2019t overspending as much as underfunding a major service. Sayu?<\/p>\n Economy:<\/strong> Moreover, we\u2019ve braved the term \u201ceconomy\u201d with justified fear that it is far more complex than meets the eye. This triples in complexity when addressing \u201cisland economies\u201d that aren\u2019t necessarily endowed with natural resources.<\/p>\n Isn\u2019t the latter the greater challenge? Is this why we shove it aside because of its difficulty? Ignoring it doesn\u2019t pass ownership to others. It reverts to our front door for resolution, right?<\/p>\n It brings the lack of resolve to the next timely query: How much more U.S. taxpayers\u2019 money should be spent here in unearned dues? Self-government simply means living within one\u2019s means. Did you get that, pal? Or should I email it to you? This issue is slowly crawling up the front door. Ready for it?<\/p>\n Evidently, what has triggered diminished investments here? Is it in the laws governing investments or is it more adolescent attitude among the elected elite boasting arrogance as a substitute for lack of understanding what investments entails and the requisite fostering of lasting partnership? <\/p>\n Humility:<\/strong> The three inhabited islands here have seaports that allow for the transfer of heavy equipment with relative ease. This isn\u2019t the case in most islands in Micronesia or island nations below the equator.<\/p>\n For instance, there was a plan for a major schoolbuilding on one of the outer islands down south. The funding institution was asked to ease on a set deadline in the use of funds. This is because in the entire project would be built strictly from volunteer manpower. The island doesn\u2019t have any heavy equipment. Any transfer is null and void because of the lack of seaport facility.<\/p>\n I\u2019ve been to some of these islands as the NMI representative to the South Pacific community. Beautiful isles with gracious island folks and, though they lack modern facilities (as we know it), I didn\u2019t hear anyone clamoring for it either. The sense of contentment with what they have is most humbling.<\/p>\n Heavy:<\/strong> It was 44 years ago when I sailed away from Rongelap and Utirik in the Republic of the Marshalls, quietly praying (as I look ashore to tiny waving hands) knowing many would die of thyroid cancer.<\/p>\n It\u2019s an issue embedded in my mind all these years, troubled by the apparent experiment that sacrificed the innocent in the process. I could swallow fatal illnesses from within and around me but not a forced fate upon folks who are as human as anybody else. Yukwe and my prayers! <\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s a new year and, with relative success in self-government over the last four decades,…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-291257","post","type-post","status-publish","format-standard","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=291257"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=291257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=291257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=291257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}