‘Honesty Should Be the Hallmark of Your Leadership’

first_imgInducted officials of the National Teacher’s Association of Liberia Credit Union Cooperative (NTALCUC) …CDA Registrar General Cautions New LeadershipThe Acting Registrar General of the Cooperative Development Agency (CDA), Regina Sokan-Teah has challenged the newly inducted officials of the National Teacher’s Association of Liberia Credit Union Cooperative (NTALCUC) to protect their character for the forward match of the institution.Madam Sokan-Teah spoke when she inducted into office new leadership of NTALCUC over the weekend in Sinkor. NTALCUC, following a successful conduct of its elections, elected 15 persons from various counties to steer the affairs of the organization.Addressing her audience, she said nowadays leaders forget to know that they were elected to serve the people, but when they ascend to power they no longer protect their integrity and the institution that they work for. This, she said, has become  a serious challenge and that over the years created lot of problems for the society. “It is important to have the fear of God as a leader so that you can never be moved easily by evil deeds,” she stated.She challenged them to be cognizant of the fact that the best thing a good leader can do to save oneself from public outcry and to save the image of the entity by upholding their integrity, which is a recipe to building a vibrant institution.According to her, if a leader has financial discipline, he or she is capable of working any part of the world. Madam Sokan-Teah said with the overall responsibility of the CDA, which gives them all rights to audit the NTALCUC, her office will not hesitate to dismiss any one who will be caught in financial scandal.“You are representing thousands of people in Liberia; therefore please provide the kind of leadership that will transform the society and not a kind of leadership that is dictatorial,” she concluded.The Chairman and the Board of Directors of NTALCU,  Joeson B. Whisnant, admonished his colleagues to work together for the common good of the organization and the public in general. Mr. Whisnant said the viability of the entity depends on a collective contribution. “In our endeavor to make NTALCUC more viable, our first priority is to embark on an awareness campaign to encourage most of our teachers to become member of the credit union,” he declared.He also assured his colleagues of providing more training opportunity for its members across Liberia to enable them become efficient in the performance of their duties. He further promised to conduct a nationwide tour that will provide other teachers the necessary awareness about the existence of the NTALCUC in the country.He said for so long teachers in Liberia have suffered because there was no credit union in the teachers association to help buttress the little salary they earned to pay their children school fees. He noted that the existence of NTALCUC has brought them a total relief, adding that it is about time that teachers take advantage of this union.Mr. Whisnant said he was optimistic of the kind of leadership inducted at the credit union and noted that they are going to make the difference in the country. “The only way we can make NTALCUC second to none in Liberia, is to be united in all that we do,” he stated.Those who occupied positions include;  Mr. Joeson Whisnant (Bong), chairman; Mr. Wubor M. Bazzie (Lofa), co-chairman; Madam Charlotte M. Coleman (Bomi), Treasurer; and Mr. David A. Jarr (River Gee), Chaplain.Other members include Isaac Q. Frederick (Grand Gedeh), Joshua Biomah, (Gbarpolu); Mary W. Mulbah (NTAL Central office); Samuel Y. Johnson, Sr. (central office); Thomas Nyantee (Grand Kru); Daniel Zeo (Rivercess); George Nyuma (Maryland); Peter Zubah (Montserrado); Peter Karmei (Nimba); and Ernest Falkia (Grand Cape Mount).Also elected are members of the Advisory Board, which include: Abraham P. Johnson (Montserrado), Chairman; Andrew Korkolu (Central office), Member; and Francis Pratt (Margibi), Member.The NTALCUCS was established in 2013 during the 64th Convention of the NTAL in Kakata, Margibi County with the aim of providing fair, honest and proactive leadership with the requisite skills and knowledge to steer the affairs of the credit union.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Personal Income Soars in November Q4 Still Looks Weak

first_img Personal income jumped 0.6 percent in November–twice what economists forecast–improving $85.8 billion, while spending rose a hefty 0.4 percent, the “”Bureau of Economic Analysis””:http://bea.gov/newsreleases/national/pi/2012/pdf/pi1112.pdf (BEA) reported Friday. The growth in spending matched economists├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó forecasts.[IMAGE]The jump in spending reversed a $6.6 billion decline in October but fell short of the $86.2 increase in consumption recorded in September. The growth in income was the strongest monthly change since February, when personal income rose $86.3 billion. BEA had estimated superstorm Sandy reduced wages–about 51 percent of income–by $18 billion in October. The report still suggests a weakened fourth quarter compared the third. Personal consumption expenditures rose a net $34.7 billion in the first two months of the fourth quarter compared with $77.7 billion in the first two months of the third quarter. Personal consumption spending accounts for more than 70 percent of gross domestic product (GDP).The November report marked the second time since June in which income exceeded spending.[COLUMN_BREAK]About half the jump income came from growth in wages and salaries. Personal interest income–despite low savings rates–improved $20.0 billion for the second straight month. Government transfer payments increased $7.1 billion largely on the strength of Social Security payments, reflecting the calendar (since December 1 fell on a Saturday, December Social Security payments were made on November 30). Unemployment insurance payments rose $1 billion, the first month-over-month increase since October 2011, due to the surge in unemployment insurance claims following Sandy.Personal savings improved in terms of dollar amount, increasing $32.1 billion. The personal savings rate also increased, sliding to 3.6 percent from 3.4 percent in October.Consumer spending on durable goods–often a sign of confidence since they are big ticket items paid for through borrowed funds–rose $32.5 billion, reversing a $14.0 billion drop in October. Spending on non-durable goods fell $24.9 billion after slipping $3.3 billion in October. Spending on services (including rents and mortgage payments) increased $33.6 billion.Personal interest payments–excluding mortgage interest–increased $1.1 billion, the fifth consecutive month-to-month increase, reflecting an increased consumer reliance on borrowing.Inflation (as measured by personal consumption expenditures) considered the Federal Reserve’s favored gauge, was 1.4 percent, down from 1.7 percent in October. Core inflation–excluding food and energy–was 1.5 percent, down from 1.6 percent in October._Hear Mark Lieberman every Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:40 am and again at 9:40 eastern time._ Share in Data, Government, Origination, Servicing Personal Income Soars in November, Q4 Still Looks Weakcenter_img Agents & Brokers Attorneys & Title Companies Bureau of Economic Analysis GDP Inflation Investors Lenders & Servicers Payrolls Personal income Processing Service Providers 2012-12-21 Mark Lieberman December 21, 2012 406 Views last_img read more