this could get ugly

That is a huge increase and probably not accurate. The prices that I am paying, and everyone else is paying, have gone up a lot more than 10% since January.
You think maybe the government is not telling us the truth?

At least fuel prices are down from RD $207 to RD $181 thats almost 13%

Yes, but oil prices are down more than 40%.

The US 700,000,000 million METRO chickens are coming home to roost!

GC - stop being such a whiner. Why don't you run to your mommy back in canada and ask her to increase your allowance.

Things are "great" in Lie-onel's METROLANDIA!


http://www.listindiario.com/app/article.aspx?id=77089

Josean:

Too bad you are too possessed by the Metro to realize that this is problem all over the world.

OK people this is not Lionel's fault this is a global problem.


Lionel is actually doing the right thing, he's increasing interest rate to decrease inflation, and he built a metro to replace traveling by car when oil goes up to $200 a barrel.


You want to see really bad go to Puerto Rico. Compare prices in Puerto a Rico and the Dominican Republic. With A dollar You can buy much more in Dominican Republic. In Puerto RIco you can't even buy a pack of gum.

Yeah, it is never Lie-onel's fault the world economy forced him to build the METRO to NO Where!

You need better transportation in our society.

What's the problem.

It's for the poor. Not everyone can afford to buy a car.

The money made goes back to the people anyway. 50,000 jobs, and more revenues.
Besides the other lines of metros are going to be auctioned.

The nuber one problem in the Dominican Republic, specially with foreign tourist is traffic.

I went Top DR once and in santo domingo I was stuck in a traffic jam for two hours.
It would be much easier to take a metro to my university or hospital in an emergency to the city or a a tourist to see my beautiful country.


GO LEONELPALANTE EH QUE VAMOS!

St Domingo is one city not the Dominican Republic! You make it soud like the METRO covers the entire country. It is only 14 km in a small area of the city.

Based on your comments it is obvious that the priority in the Dominican Republic is EDUCATION !

The priority should be to send you back to wherever the PRD had sent you. At least we had a period of peace from your incessant whining about the Metro. By the way, in case you hadn't noticed, it has already been built. I guess you while be starting your voodoo services any day now to try to bring about an accident once it starts operating. Or have those already begun?

Earlier last month Lie-onel and his financial wizards were hollering about how DR's economy was "blindada" immune from the world's economic crisis. However now that it is becoming evident that this was another of their improvisational lies, the PLD and their apologists here on DT, want to excuse their failures by using the current world crisis as a scapegoat.

Guys you can not have it both ways, we are either immune or we are not!

Source DR1

Fedocamaras calls for austerity
The Dominican Chambers of Commerce Federation (Fedocamaras) says that the government's economic team needs to take measures to better prepare the DR for the effects of the global financial crisis. Fedocamaras says that the fact that the government is optimistic is a positive thing, because the government's role is to generate confidence in the economic actors. The Federation maintains, however, that the government needs to reduce the growing fiscal deficit, eliminate subsidies to the electricity sector and establish mechanisms to protect national production. Fedocamaras spokespersons are also urging the government to improve the quality of its spending, as reported in Listin Diario.
Fedocamaras believes that the government needs to sign an agreement with the IMF.

Continued:

The Fedocamaras board of directors said that the business sector has been calling for austerity in government spending, which has not taken place yet. "It is time the government committed to reducing the fiscal deficit," says the business group.
Today's Hoy reports that the DR accumulated a trade deficit of US$3.48 billion with the US between May 2007 and August 2008, marking the first months of the DR-CAFTA period. From January to August 2008, the deficit increased by US$885 million, or 85% more than during the same period in 2007. Economist Luis H. Vargas says that the deficit is the result of the low level of productivity and competitiveness of manufacturing and farming operations, and what he describes as "the fictitious appreciation of the Dominican peso against the dollar and the onerous trade agreement known as DR-CAFTA".

Lie-onel "The Grinch Who Stole Christamas" among other things!

Source DR1

A not so merry Christmas

Economist Pavel Isa Contreras predicts that sales will be down this Christmas due to the global financial crisis. He said inventories may not be restocked and there will be a reduction in profit margins. According to El Caribe, "this translates into a lower demand for goods and services from stores, and this will increase unemployment." Pavel Isa expects the year to close with a very high current account deficit in the balance of payments. He forecast declines in remittances and visitors from the US. Because of these factors, the economist advised the government to reduce imports, which he says are too high in the face of our declining exports.

Pavel Isa is a bright guy, who understands economics. he is not one of those guys who look at GDP numbers and say "wow, we are doing great".

he is a leftist jerk

At least he knows DR is located in the TROPICS!

Josean,

Rome wasn't built in one day. It's a 50 year project. But with the rate of technological progress doubling everyyear, it will be a lot shorter than that. Either way we still completed a whole line in less than a year at a very inexpensive price.


Based on your comments, it is obvious that in your education came form the governments, cause you know nothing about your economics.
To have the type of education you have or want, I rather have none at all.

Food is more important than education, let our countries infrastructure get stronger, and as we become wealthier, we can feed more people and then be able to afford better education.

I'm tired of hearing this poor education excuse. Education is not a right for everyone to have, it is a privilege for those who can afford it.

Better transportation is better for business and would help us become a wealthier nation.
Why get an education when there are no jobs, makes no sense.

Josean,

We are immune to inflation.

But we can never be protected enough.

Of-course we are going to be affected, everyone will be affected, but we definitely have a big advantage.

Many countries right now are going bankrupt, are experiencing stagflation or going into hyper inflation. Even with all the economic troubles, the dominican republic is still growing in GDP and our purchasing power is getting stronger every year.

GC - great contribution to the conversation! Just what one would expect from a whiner. Keep up the whinning, you simpleton you.

ambioriv,

Do you drink the purple KOOL-AID with or without sugar, cause if your using sugar your going to become diabetic!

ambioriv, i hate to have to ask you this, but which school of economics do you adhere to? where do your misconceptions come from? do you really believe that education is secondary in the information age? i do not have enough time left in this lifetime to try to straighten you out, but you are dangerously unaware of the fundamentals. you sound like you think in the same manner as the government officials who felt the metro is more important than good schools. we are not in the 1950s any more. only the brightest and the best will survive what is to come. and GC, is Senor Isa a leftist jerk, as opposed to a rightist jerk? there is no such thing as "left wing inflation, grassy knoll current account deficit, or commie-pinko GDP"

Chauncey,

Pickup yourself up off the canvas and then help ambioriv!

ambioriv, you have spoken like a true oligarch. education, you opine, is a privilege for those who can afford it. so, by your logic, it should be virtually a family heirloom, passed on from one well to do parent to his progeny. the poor should remain innoculated from information, so that they can represent an ever increasing pool of cheap labor and unenlightened consumers. i held out more hope for you earlier in the thread, but you bewilder me with unrepentant foolishness such as that. you seem to display an interest in economics. pursue it. enrol in a college course and learn the subject in a more methodical, disciplined manner. your thought process reminds me of the report from a shotgun; pellets flying hither and thither, without accurate aim.

what is a lefty economist ? .....Krugman....who? .....He just won the Nobel Prize....that is what a lefty economist is

i wish i understood that reply.

and GC, is Senor Isa a leftist jerk, as opposed to a rightist jerk? there is no such thing as "left wing inflation, grassy knoll current account deficit, or commie-pinko GDP"

Holy Moses!

Another "leftist economist"

http://www.listindiario.com/app/article.aspx?id=77046

ambioriv, Ha ha ha , hee hee hee, ja ja ja JAAA JAAA JAAA...ooooh... STOP IT ! it hurts....jee jee jee, my sides hurt. Oooooh, ha ha ha.

Maldito, i find ambioriv hilarious myself. it is the old adage "a little learning is a dangerous thing". in this case, a very little learning.

He is now studying geography with generosa!

first, ambioriv will have to figure out which way to align the map

Economic analysis by PLD (a.k.a. no need to bother yourself with all those pesky numbers):
1) Hear what LF says.
2) Apostatize based on that.
3) See what LF does.
4) Justify #2 based on that.
5) Hear what LF now says.
6) Blame it on the US.
7) Declare unqualified success.
8) On way to bank to deposit cash, modify constitution.

Another group of left wing, doom and gloom, whinning, weenie, wanker, morons, commie, pinko, idiots, Hipolito loyalist, PRD paid economists from the lunatic grassy knoll fringe, report on the economy:

dread, did I leave any insult out?

http://www.listin.com.do/app/article.aspx?id=77199

how about Afronazi? and people from sandbars? and Caricom flunkies? and dashiki wearers? and believers in Kwanzaa? must i continue?

still jerking each other off over here

dread,

I will do bettter next time!

josean you brown nosing bootlicker fawning at the feet of your master have you no shame

josean, we forgot" brown nosing, bootlicking, jerking each other off". we are not doing so well today.

All REPUBLICANITOS are really losing it these days, dread!

josean stop making a spectacle of yourself your relationship to Dread is causing unsavory rumours to be spread about you.....why must you always be sucking up to him....people are talking

gouletcolonial, we all know that your the lover of a Mr. AnthonyC , you and him or bend over buddies

The truth is that only through education we will move forward into the 21 century. We can invest in metro, building streets and bridges, but if our education system is failing then the money has been wasted. We need to reform the education system entirely. We need to implement an early childhood education program that prepares kids for school. We need to prepare our students so that they are able to compete in the global environment. Last May I was in DR and asked some high students how they were doing with their essays. It was painful, but they had no clue of what I was talking about. We need to toughen up our education system and prepare our next generation to compete in a global environment. That’s how you move forward. http://nicolasdelvalle.wordpress.com/

ndelvalle for President !

ndelvalle,

Your in touble now for making sense:

"We can invest in metro, building streets and bridges, but if our education system is failing then the money has been wasted'"!