That ministry alone accounted for unresolved monetary risks of 3.3 billion
There is literally too much to unpack here.
Seems like the AGs job is to constantly make recommendations that are ignored. How ironic is it that the Ministry that is responsible for distributions to the poor is also the one that has some of the glaring 'irregularities'.
Poor decisions at dozens of government departments have exposed more than $40 billion of taxpayers\u2019 money to loss or misuse, an analysis of the last two auditor general annual reports has shown. Read more here: https://t.co/vLwkhZlmDs #GLNRToday pic.twitter.com/Ymmdlnp0OM
— Jamaica Gleaner (@JamaicaGleaner) January 17, 2021
That ministry alone accounted for unresolved monetary risks of 3.3 billion
173 million..
Tardiness...
Disregard for it's own internal audit..
Significant internal control deficiences....
Lack of appetite to fix the problems flagged as far back as 2011!!!
"In a damning 2018 audit, Monroe Ellis found that in 2017, without permission, the NIF spent 27 million to purchase shares owned by the spouse of a senior executive."
50 million in payments made to companies without valid contracts....
That brings total taxpayer exposure to 35 billion...
But get this. IN THE LAST 15 YEARS NONE OF THE PAC ANNUAL REPORTS HAVE BEEN DEBATED IN PARLIAMNET.
Billions of dollars of our taxpayer dollars keep on being burnt in the dark over decades and we just, keep operating so???
Our standards are low.
Successive governments have spoken about accountability and corruption but I mean, it's either you can't fix it or you don't want to fix it!
How the Ministry responsible for the poor fi a "lose" "miss" so much money bredda? And thousands...
How this ministry fi have such issues wid money just so (BILLIONS) when poor people out deh affi a starve beg and steal fi survive daily.
Yah tell mi seh nobody wide actual power to stimulate change cah empathize.
Unnu think a Ms Ivelyn inna d ghetto a rob dem BILLIONS a dollar yah?
Accountability
As a youth weh know seh WHOLE HEAP a families a live offa 1 stall, couple hundred dollar a day. This hurt mi.
Den unnu come smile up inna man face a trick d hungry fi votes and start the cycle over again.
If u can't afford certain security and Jamaica a man goodly come eat u (not literally). But d man weh can change....
More from Finance
1/18 After 3 months, @saffronfinance_ is no longer new on the scene. Now that the kid has climbed the ranks, it's time to see if he can hang with the big boys.
Below are some updated thoughts on potential integrations, improvements, and innovations for Saffron moving forward. ⬇️
2/18 First, if you haven't seen @Privatechad_'s alpha-leaking introductory thread, you should check it out.
I agree that @AlphaFinanceLab and @CreamdotFinance, specifically the Iron Bank, would be ideal targets for SFI risk tranches.
3/18 Speaking more broadly, Saffron is primarily integrated with @compoundfinance, which has served as a MVP of sorts.
The thing is, Compound is one of the safest (but also lowest yield) protocols in DeFi, so it's not surprising that there isn't much demand for the sen. tranche.
4/18 Expanding beyond Compound to higher-risk/higher-return protocols has always been key.
These protocols are the bread-and-butter target market for Saffron, and I would expect to see a surge in demand for senior tranche staking in these
5/18 Additionally, @DeFiGod1 convinced me that Senior Tranche pools would be more appealing if they offered fixed yield.
Essentially, Saffron would augment the product offerings of @Barn_Bridge by also offering senior stakers insurance in the form of junior tranche collateral.
Below are some updated thoughts on potential integrations, improvements, and innovations for Saffron moving forward. ⬇️
1/11 @saffronfinance_ ($SFI) is DeFi's new kid on the block with its tranched yield product that is already live with DAI on @compoundfinance. https://t.co/JpqnxhwrDw
— Benjamin Simon (@benjaminsimon97) November 19, 2020
2/18 First, if you haven't seen @Privatechad_'s alpha-leaking introductory thread, you should check it out.
I agree that @AlphaFinanceLab and @CreamdotFinance, specifically the Iron Bank, would be ideal targets for SFI risk tranches.
15/. 3. Though not the focus atm, interest from various projects and integrations are happening.
— Private Chad (@Privatechad_) February 1, 2021
* Chainlink reached out (props to the amazing $LINK team).
* Talks with $ALPHA and rumored upon V2 releases there will be a collaboration.
*Cream integrations in v2
* $COMP tranches pic.twitter.com/IXCtzvSkw7
3/18 Speaking more broadly, Saffron is primarily integrated with @compoundfinance, which has served as a MVP of sorts.
The thing is, Compound is one of the safest (but also lowest yield) protocols in DeFi, so it's not surprising that there isn't much demand for the sen. tranche.
4/18 Expanding beyond Compound to higher-risk/higher-return protocols has always been key.
These protocols are the bread-and-butter target market for Saffron, and I would expect to see a surge in demand for senior tranche staking in these
4/11 Imo, the golden egg will be vault platforms like @iearnfinance, @picklefinance, etc.
— Benjamin Simon (@benjaminsimon97) November 19, 2020
Recently, some of these higher risk platforms (e.g. @harvest_finance) have been hit with a wave of attacks.
Saffron will enable cautious investors to use these products with peace of mind.
5/18 Additionally, @DeFiGod1 convinced me that Senior Tranche pools would be more appealing if they offered fixed yield.
Essentially, Saffron would augment the product offerings of @Barn_Bridge by also offering senior stakers insurance in the form of junior tranche collateral.
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
1. Project 1742 (EcoHealth/DTRA)
Risks of bat-borne zoonotic diseases in Western Asia
Duration: 24/10/2018-23 /10/2019
Funding: $71,500
@dgaytandzhieva
https://t.co/680CdD8uug
2. Bat Virus Database
Access to the database is limited only to those scientists participating in our ‘Bats and Coronaviruses’ project
Our intention is to eventually open up this database to the larger scientific community
https://t.co/mPn7b9HM48
3. EcoHealth Alliance & DTRA Asking for Trouble
One Health research project focused on characterizing bat diversity, bat coronavirus diversity and the risk of bat-borne zoonotic disease emergence in the region.
https://t.co/u6aUeWBGEN
4. Phelps, Olival, Epstein, Karesh - EcoHealth/DTRA
5, Methods and Expected Outcomes
(Unexpected Outcome = New Coronavirus Pandemic)
Risks of bat-borne zoonotic diseases in Western Asia
Duration: 24/10/2018-23 /10/2019
Funding: $71,500
@dgaytandzhieva
https://t.co/680CdD8uug
2. Bat Virus Database
Access to the database is limited only to those scientists participating in our ‘Bats and Coronaviruses’ project
Our intention is to eventually open up this database to the larger scientific community
https://t.co/mPn7b9HM48
3. EcoHealth Alliance & DTRA Asking for Trouble
One Health research project focused on characterizing bat diversity, bat coronavirus diversity and the risk of bat-borne zoonotic disease emergence in the region.
https://t.co/u6aUeWBGEN
4. Phelps, Olival, Epstein, Karesh - EcoHealth/DTRA
5, Methods and Expected Outcomes
(Unexpected Outcome = New Coronavirus Pandemic)
