Latest / Humanity Unplugged Podcast / EP: // 86 Now or Never with our governmnet. Jamaica has funding to rebuild or are there bigger issues..

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EP: // 86 Now or Never with our governmnet. Jamaica has funding to rebuild or are there bigger issues.. · Humanity Unplugged Podcast

0:08
[SPEAKER_09]: what's going on, what's up, people, what's going on?
0:12
[SPEAKER_09]: How's everyone doing today?
0:13
[SPEAKER_09]: Hopefully, you guys are having a great, great week.
0:19
[SPEAKER_09]: It's Tuesday.
0:20
[SPEAKER_09]: I've waited as long as I can wait to give you guys some up-to-date information.
0:26
[SPEAKER_09]: It's a lot of things that's going on in our community in our world today.
0:32
[SPEAKER_09]: I am Germain McCrimon and this is humanity on blood podcast, and this is our 86 episode as we strive for 100.
0:43
[SPEAKER_09]: We like to thank everyone for their support Religious league or just him passing.
0:50
[SPEAKER_09]: We thank you guys for tuning in to us and checking us out and seeing what we're all about today
1:02
[SPEAKER_09]: I got good news and it's still good news.
1:06
[SPEAKER_09]: No matter where you think about it, you have to take yourself out of it and realize that it's good news.
1:15
[SPEAKER_09]: Here at Humanity Unplug we think everyone for our social media comments on all social platforms you guys are really awesome just giving your opinion whether it's factual or not we don't care we just enjoy the feedback.
1:31
[SPEAKER_09]: Some of you guys saying my information is the bill has already passed when it comes to the food stamps.
1:39
[SPEAKER_09]: And I reckon what I'm trying to say when you say that is, I know it's already been on the platforms already been approved by Congress.
1:50
[SPEAKER_09]: But now is the last chance for Senate to say, yeah, yeah, and let's stop it or we need to tweak it.
1:58
[SPEAKER_09]: So that's what I mean by past because it's going to be.
2:03
[SPEAKER_09]: enrolled, they're going to be brought out for everybody to be subject to it in January.
2:09
[SPEAKER_09]: And this is technically the last stage of us trying to stop it.
2:13
[SPEAKER_09]: And that's what I mean when I say is to build on the past.
2:18
[SPEAKER_09]: Some of you guys really liked what I talked about when I talked about immigrant.
2:25
[SPEAKER_09]: that was behind an 18-wheeler and he crashed into some of the cars.
2:31
[SPEAKER_09]: Should he been clear to drive?
2:33
[SPEAKER_09]: Should he have authorization to drive and things like that?
2:38
[SPEAKER_09]: He took the lives of these people.
2:39
[SPEAKER_09]: He was intoxicated or he was high off of opioids or other drugs.
2:46
[SPEAKER_09]: Why was he allowed to continually drive and do what he do?
2:53
[SPEAKER_09]: And you guys would be like that article.
2:55
[SPEAKER_09]: Will you enjoy commenting on that article?
2:58
[SPEAKER_09]: The video was out there.
2:59
[SPEAKER_09]: A lot of people viewed it.
3:01
[SPEAKER_09]: And we'd like to thank you guys for sharing.
3:05
[SPEAKER_09]: And for just commenting on what you believe is right or wrong.
3:10
[SPEAKER_09]: Today, we're going to talk about Trump.
3:17
[SPEAKER_09]: Today, we're going to talk about Trump and how we
3:22
[SPEAKER_09]: We have heard from Senate, we have heard from the White House and its entirety and that they have a 60 to 40% vote on moving forward and reopen in the government.
3:37
[SPEAKER_09]: And that is something that's needed.
3:38
[SPEAKER_09]: People are suffering traffic controllers are one of the high high in people.
3:45
[SPEAKER_09]: that they count on to show up for work every day, because whether you know it or not, traffic controller help move around all the planes you see in the air.
3:55
[SPEAKER_09]: So they're very, very crucial with the economy of the United States, you know.
4:01
[SPEAKER_09]: So when you're saying traffic controllers are not coming into work, or TSA is not coming into work, or
4:09
[SPEAKER_09]: people that work for the government and its entirety is not coming to work, that's a real big reach, it's a big hole that's been created and we need to close it out to do better and let's get them back working properly.
4:25
[SPEAKER_09]: Well, this bill that they were trying to tweak is still out there
4:38
[SPEAKER_09]: But it's going to end up being enforced.
4:41
[SPEAKER_09]: Unfortunately, a lot of people in marked this video, mark all the videos, mark all the podcasts I've talked about.
4:48
[SPEAKER_09]: I've talked about it, I've talked about it, that when you go back and you look at your percentage of what you pay out for a healthcare, and when it triples, quadruples, remember, you're going to wish that they stay
5:03
[SPEAKER_09]: on strike and not return to the White House and to the Senate and pass a bill and OK to bill to be pushed and enforced to American people because this is going to change your livelihood.
5:19
[SPEAKER_09]: You know, people going to work and not have life insurance, and not have, not life insurance, health insurance.
5:25
[SPEAKER_09]: And you're going to see it.
5:26
[SPEAKER_09]: It's going to happen quite often because the type of money you're going to have to be forced to pay out is an herd off.
5:32
[SPEAKER_09]: So when this happens and people are forced to go through this, it's going to be really difficult for American people to go through this.
5:40
[SPEAKER_09]: So today,
5:43
[SPEAKER_09]: As we talk about that, Trump wanted to give a $10,000 bonus to the traffic controllers to let them know that he appreciate them working through this crisis when asked about the money.
5:58
[SPEAKER_09]: He don't know where he going to get the 10G from, but he's going to give it out.
6:02
[SPEAKER_09]: We're going to also look into how demographics are feeling about this.
6:08
[SPEAKER_09]: We're going to look into also where Jamaica stands from the Hurricane Melissa, the updates of funding when it comes until that and the funding compared to the damage and where they
6:26
[SPEAKER_09]: So, we're going to start off with a few things.
6:31
[SPEAKER_09]: We're going to start off with Trump and hearing what he got to say.
6:37
[SPEAKER_09]: Because you know, it's always good to hear a little something coming out of him.
6:44
[SPEAKER_09]: You know, it's pretty cool to hear what he got to say.
6:48
[SPEAKER_09]: I enjoy it, it's comical sometimes.
6:52
[SPEAKER_09]: Here we go, people.
6:54
[SPEAKER_07]: something a bonus for air traffic controllers who stayed on the job during the shutdown, while scolding those who were absent-watched.
7:02
[SPEAKER_01]: It was not happy when I saw all these people.
7:04
[SPEAKER_01]: We have to look, a life is not so easy for anybody.
7:09
[SPEAKER_01]: Our country's never done better.
7:10
[SPEAKER_01]: We should not have had people leaving their jobs.
7:13
[SPEAKER_01]: And what I basically did is say the ones that stayed of which were, there were a lot of them.
7:17
[SPEAKER_01]: I'm sending them a $10,000.
7:19
[SPEAKER_01]: Where's that money coming from?
7:21
[SPEAKER_01]: I don't know, I'll get it from someplace.
7:23
[SPEAKER_09]: So Tom out, as you heard, he says he don't know where the money come from, but he's going to get money for them because of what they endured.
7:34
[SPEAKER_09]: over the time of not having a check.
7:36
[SPEAKER_09]: And everyone that's been touched by that deserves some type of compensation for your government's negligence and the leader have a negligence.
7:47
[SPEAKER_09]: Now you just wanna give out money to the traffic controllers so be it, give it to who you think, being for it.
7:55
[SPEAKER_09]: but everyone's suffered that in part of that actually suffered should be given something for the negligence.
8:03
[SPEAKER_09]: I say negligence because I don't know if you realize guys, but every year we go through this with the government about the shutdown.
8:10
[SPEAKER_01]: I want to reward the people that showed up without a lot of nonsense with a lot of talk.
8:16
[SPEAKER_02]: Fox, business show?
8:17
[SPEAKER_02]: So many here with those.
8:18
[SPEAKER_04]: Sure.
8:19
[SPEAKER_04]: I mean, look, $10,000 bonus says I think it's a great idea.
8:22
[SPEAKER_04]: Because these air traffic controllers have been so stressed.
8:25
[SPEAKER_04]: So if they were working six days mandated over time, that's the last time with their families.
8:32
[SPEAKER_04]: When you need air traffic controllers sleeping in their cars, there is something.
8:36
[SPEAKER_04]: wrong with our government and our air traffic control system operates.
8:41
[SPEAKER_09]: You know, Trump has said he don't understand why it wasn't coming to work.
8:45
[SPEAKER_09]: Well, would you come to work, are you not going to pay?
8:49
[SPEAKER_09]: Honey, pay the rent.
8:50
[SPEAKER_09]: They went homeless.
8:51
[SPEAKER_09]: Some of these people lost their pockets.
8:52
[SPEAKER_09]: Houses for closure, everything.
8:56
[SPEAKER_04]: So the National Air Traffic Control Association president came out yesterday.
9:00
[SPEAKER_04]: This is Nick Daniels.
9:02
[SPEAKER_04]: And he says these issues for these air traffic controllers.
9:05
[SPEAKER_04]: He applauded $10,000, absolutely.
9:07
[SPEAKER_04]: But he said their problems are going to end with the shutdown ending.
9:11
[SPEAKER_04]: Watch.
9:13
[SPEAKER_06]: You can't predict what the issues are.
9:15
[SPEAKER_06]: Because again, if the shutdown is to end tomorrow,
9:19
[SPEAKER_06]: controllers still haven't been paid yet, they're still facing those issues.
9:22
[SPEAKER_06]: While the rest of America will get to go on and that will no longer be the headline or the news headline, it's still real for them.
9:31
[SPEAKER_06]: So we're going to have to continue working through the issues.
9:35
[SPEAKER_04]: OK, so we're work to be done, right?
9:37
[SPEAKER_04]: But look, the American Airlines, the chief operating officer said a note on Monday out to the employees.
9:44
[SPEAKER_04]: This is what all the airlines are saying, but this came out with business insider.
9:49
[SPEAKER_04]: He said, look, this whole thing is simply unacceptable.
9:51
[SPEAKER_04]: everybody deserves better.
9:53
[SPEAKER_04]: Our air traffic controllers are going to be paid.
9:55
[SPEAKER_04]: Our airline needs to be able to operate at a level of predictability and dependability that no major airline was able to provide the flying public over this weekend.
10:06
[SPEAKER_04]: Treasury Secretary Scott Bet.
10:08
[SPEAKER_04]: Yes, Scott Basin, excuse me, he was on meet the press and he's like, look, the economy is going to get worse and worse.
10:13
[SPEAKER_04]: There's going to be a head to the fourth quarter GDP about this and now you got Christmas threatened.
10:17
[SPEAKER_04]: Remember, I told you guys last week about the cargo.
10:20
[SPEAKER_04]: You'll, you 10% of the nation's, every.
10:26
[SPEAKER_09]: So, as you see what's going on, they're trying to say everything will be affected, and it will be, without question, it will be.
10:36
[SPEAKER_09]: Things will be affected, but what you're gonna do?
10:39
[SPEAKER_09]: for $30 a month.
10:41
[SPEAKER_04]: Cargo moves by air.
10:43
[SPEAKER_04]: FedEx is talking about it.
10:45
[SPEAKER_04]: The airlines have talked about it.
10:47
[SPEAKER_04]: So if you don't get the sky's operating soon and reliably, a lot of that cargo is not going to hit your store shelves.
10:54
[SPEAKER_04]: For I don't want Brock to not have his Christmas present.
10:58
[SPEAKER_01]: I think that's where I'm sat either.
11:00
[SPEAKER_04]: Think about, right?
11:01
[SPEAKER_04]: Anyway, 500 delays so far today at thousand cancellations.
11:05
[SPEAKER_04]: And one more thing, I'll make it fast.
11:09
[SPEAKER_04]: And that's my best guess.
11:11
[SPEAKER_04]: I'm going to this point for operations to get back all the way.
11:14
[SPEAKER_09]: Yeah.
11:15
[SPEAKER_09]: So this saying is going to take about a week before operations to get back to normal.
11:25
[SPEAKER_09]: We're not even up and running.
11:28
[SPEAKER_09]: When you look at this and it's entirety, they're going to again, today is Tuesday, they're going to get to vote tomorrow to get okay.
11:40
[SPEAKER_09]: We have 60% of Republicans and democratics agree 40% saying no, so they're going to move forward to have another sit down tomorrow to finalize the deal of opening up the government.
11:56
[SPEAKER_09]: Now, if it doesn't happen tomorrow, then we're going to be right back where we started with being shut down.
12:02
[SPEAKER_09]: Now, if it does happen tomorrow, then it still will take another week or two before we up the totally running and we're moving right so that's cool, you know, it's good to know that it's good to know that we do have some type of progress, we do know something right, so that's a good thing.
12:33
[SPEAKER_09]: here we go.
12:35
[SPEAKER_02]: After 41 days, the longest government shutdown in US history is nearing its end, but has led to some infighting among Democrats.
12:43
[SPEAKER_03]: The bill as amended is passed.
12:46
[SPEAKER_02]: With that vote, the Senate cleared the final hurdle to reopen the federal government, ending more than a month of gridlock that's frozen paychecks and critical services across the country.
12:56
[SPEAKER_02]: This has been a
12:58
[SPEAKER_02]: very long road, quite literally the longest shut down in history.
13:02
[SPEAKER_02]: The breakthrough came after a small group of Democrats crossed the aisle to join Republicans, agreeing to reopen the government without a guaranteed extension of affordable carac subsidies.
13:12
[SPEAKER_00]: Many of my friends are unhappy.
13:14
[SPEAKER_00]: They think we should have kept our government closed indefinitely.
13:17
[SPEAKER_09]: Yep.
13:19
[SPEAKER_09]: Okay, well nobody said.
13:22
[SPEAKER_09]: Let me be the first to say it.
13:23
[SPEAKER_09]: They should have kept it close.
13:26
[SPEAKER_09]: All of you guys is going to be happy to get your checks.
13:29
[SPEAKER_09]: You're not going to be able to afford a check when you can't make a payment on your health plan.
13:33
[SPEAKER_09]: You're not going to have a check.
13:35
[SPEAKER_09]: You're going to see they should have did it.
13:39
[SPEAKER_00]: To protest the policies of the Trump administration.
13:42
[SPEAKER_02]: Illinois Senator Dick Durbin said they had little choice with key programs running dry including food assistance and funding for veterans.
13:49
[SPEAKER_02]: The bill would now fund those agencies through fiscal year 2026.
13:53
[SPEAKER_02]: Are you happy with that?
13:55
[SPEAKER_02]: But Vermont Senator Bernie Sanders and other lawmakers are frustrated, warning the deal could leave millions at risk when healthcare subsidies expire early next year.
14:12
[SPEAKER_09]: because of savage cuts to medicate and let me just tell you guys something so you know everybody's hollerin saying oh they still got medicate medicate do not pay for everything you need done when it comes to your health needs i'm sorry they don't pay for everything they don't pay for all the drugs that you might need they don't pay for the surgeries you might need they don't pay for the x-rays you might need they don't pay
14:40
[SPEAKER_08]: So who's going to pay for it and you need it?
14:46
[SPEAKER_08]: Thank you.
14:48
[SPEAKER_08]: Tell me who's going to pay for it.
14:53
[SPEAKER_09]: But they're rushing you telling you go get Medicaid.
14:55
[SPEAKER_09]: No, that's not the answer.
14:58
[SPEAKER_02]: Now, attention turns to the house where lawmakers are expected to vote on Wednesday.
15:02
[SPEAKER_02]: Republicans and Democrats in the house, you need to begin right now returning to the bill.
15:07
[SPEAKER_02]: The House Democratic Leader, who keen Jeffries says House Democrats are not on board with this plan.
15:11
[SPEAKER_02]: We're not down with them my way or the highway approach to governance.
15:15
[SPEAKER_02]: That's failed the American people.
15:18
[SPEAKER_02]: President Donald Trump has already signaled his support.
15:20
[SPEAKER_02]: If the House passes the bill as expected later this week, then the government shut down could end in just a few days.
15:28
[SPEAKER_02]: reporting.
15:29
[SPEAKER_09]: So as you see it, if they pass the bill on Wednesday, then you know, we might have something to talk about.
15:40
[SPEAKER_09]: But I don't know guys, I don't see it.
15:46
[SPEAKER_09]: I don't think they should.
15:47
[SPEAKER_09]: They shouldn't give in.
15:49
[SPEAKER_09]: You heard it from me first.
15:53
[SPEAKER_09]: They should not give in.
15:58
[SPEAKER_09]: They're not giving us nothing, but I want to give you guys a little bit of update on Jamaica.
16:07
[SPEAKER_09]: So I gave an episode 85.
16:12
[SPEAKER_09]: We talked about it, but now we need to talk about it again and give you a little update.
16:17
[SPEAKER_09]: More scenery, more pictures of what's there.
16:19
[SPEAKER_09]: It's not great guys.
16:21
[SPEAKER_09]: I'm not going to give you too much, but I'm going to give you a little bit of it and then I'm going to give you what funding they have as well.
16:27
[SPEAKER_09]: Here we go.
16:28
[SPEAKER_10]: Anything else that we're wondering if it's a tsunami out here?
16:31
[SPEAKER_09]: We gave up.
16:32
[SPEAKER_13]: Basically, you have nowhere to hide and it's all gone.
16:38
[SPEAKER_03]: And so everything just started to fly away.
16:40
[SPEAKER_05]: It's true for us, God.
16:42
[SPEAKER_05]: Everything gone.
16:43
[SPEAKER_05]: Everything.
16:44
[SPEAKER_05]: That's my baby.
16:45
[SPEAKER_05]: I have to run out with my baby.
16:47
[SPEAKER_03]: So you carry him.
16:48
[SPEAKER_05]: In my hand.
16:56
[SPEAKER_09]: So what you're here in now is noises of a man demonstrating what he did when Melissa hit.
17:03
[SPEAKER_09]: He had a climate to make shift toilet and put some tin climb through a little tent door and mashed a tin against the opening of the bathroom where the toilet sits and sit on top of the toilet on top of the tank and hide in the bathroom.
17:42
[SPEAKER_03]: It's as bad as we feared, but we just weren't able to see because of the lack of communication.
17:47
[SPEAKER_03]: But finally, with the road open, we have arrived here in Black River.
17:51
[SPEAKER_03]: This is as bad as damages you were ever going to find.
17:53
[SPEAKER_09]: And I want to thank Jonathan, uh, look like his name Pamala, because he did the actual research on this guy.
18:01
[SPEAKER_09]: It's great article, great video footage is awesome.
18:05
[SPEAKER_09]: You really get to see what's going on over there.
18:09
[SPEAKER_09]: because no one's what the video and this stuff now is over with, you know, to them, it happened.
18:15
[SPEAKER_09]: It made news to you later, but now you get to see the carnage, you really get to see the roads open, people of it.
18:22
[SPEAKER_09]: It's just horrible.
18:23
[SPEAKER_03]: And he hurricane from Dorian, Michael, barrel, you name it.
18:27
[SPEAKER_03]: This is catastrophic every month.
18:30
[SPEAKER_09]: And this happened in black rock.
18:33
[SPEAKER_09]: So it's not cool that it happened in
18:37
[SPEAKER_09]: Jamaica Black River, I believe, Jamaica, so...
18:40
[SPEAKER_09]: Terrible.
18:41
[SPEAKER_09]: Everywhere you walk, everywhere you look.
18:43
[SPEAKER_03]: Nothing is the same.
18:46
[SPEAKER_03]: When a disaster reaches this scale, the destruction speaks for itself.
18:50
[SPEAKER_03]: Roops are gone, walls torn apart, lives are upended.
18:53
[SPEAKER_03]: But that's not the story.
18:55
[SPEAKER_03]: The story is what's left standing, and who?
18:59
[SPEAKER_03]: They made it through the wind, the surge, but the aftermath, that's a different kind of storm.
19:04
[SPEAKER_09]: But you know, guys, they have these electrical wires, I mean, connected to the poles that are down.
19:10
[SPEAKER_09]: And people are walking underneath these wires like they could be, they could be live wires and you just walk in through the carnage.
19:20
[SPEAKER_09]: This is crazy.
19:21
[SPEAKER_09]: You got to see it.
19:23
[SPEAKER_03]: It's the hard part, surviving what's left.
19:26
[SPEAKER_03]: Even the last place of refuge, the black river hospital, lies in ruins.
19:32
[SPEAKER_03]: I think everything you're saying is going to demolish.
19:33
[SPEAKER_03]: What wasn't demolished?
19:35
[SPEAKER_11]: Don't want to think that has been spared for the most has been the emergent room, just the downstairs section.
19:40
[SPEAKER_11]: I said, that my block is upstairs.
19:43
[SPEAKER_11]: Everything else has gone.
19:44
[SPEAKER_11]: Everything, I think.
19:45
[SPEAKER_03]: Along the coast, the hospital stood like a last defense.
19:49
[SPEAKER_03]: A ten-foot sea wall meant to keep the sea out, but Melissa came higher, stronger.
19:54
[SPEAKER_03]: Roof spilled away and winds pushing 185 miles an hour, and still the staff stayed, moving patients through the wreckage, steady voices in the storm.
20:05
[SPEAKER_03]: The calm and a place built for healing, not surviving.
20:08
[SPEAKER_10]: And the wind blowing and the wind never stopped.
20:11
[SPEAKER_10]: It comes from that direction and it blows back to that direction.
20:14
[SPEAKER_10]: It was total my release.
20:16
[SPEAKER_10]: Here we were scared about what to do.
20:18
[SPEAKER_10]: We had patience here.
20:19
[SPEAKER_10]: We have so many things here to protect.
20:21
[SPEAKER_10]: We couldn't just run up, leave everything here.
20:23
[SPEAKER_10]: How did everybody survive?
20:26
[SPEAKER_10]: God.
20:28
[SPEAKER_10]: God.
20:29
[SPEAKER_10]: Some persons came in with big leather outside windows are shuttered and they have to stay there until it comes down to come inside How we survive as a team?
20:38
[SPEAKER_10]: We just stay calm move persons do where they're supposed to go to safety I will just keep everything in line and we're going to procedure as what made gentle and lost to do and that is just it will sleep water We just keep pushing out the water from the building so that the water don't raise yes, that's what we did
20:55
[SPEAKER_10]: We had a tough task, because the building itself started to shake.
21:00
[SPEAKER_10]: Like it was earthquake, at one time, we couldn't see anything outside.
21:03
[SPEAKER_10]: We were wondering if it's a tsunami out there.
21:05
[SPEAKER_10]: Outside was just crazy.
21:07
[SPEAKER_03]: So how do you stay calm?
21:09
[SPEAKER_03]: Because you have to stay calm for all these patients.
21:12
[SPEAKER_10]: We prayed.
21:13
[SPEAKER_10]: We came together as we found we talked about it.
21:16
[SPEAKER_09]: So she was explaining what they did at like River Hospital in Jamaica.
21:22
[SPEAKER_09]: and the surviving that ordeal was crazy.
21:27
[SPEAKER_09]: It's not a, you know, it's nothing that's real light.
21:30
[SPEAKER_09]: You know, when you look at,
21:33
[SPEAKER_09]: all the damage, man, big in dollars of damage, big in big in dollars, four to six big in dollars of damage that Melissa caused over there in blackware with Jamaica.
21:45
[SPEAKER_09]: I just want you guys to realize that they did have insurance policy in place to assist with these type of crisis and things like this happening.
22:01
[SPEAKER_09]: It doesn't cover the damages.
22:04
[SPEAKER_09]: Let's talk about it.
22:06
[SPEAKER_09]: Let's listen up.
22:11
[SPEAKER_12]: Welcome back to Primetime News.
22:12
[SPEAKER_05]: Special welcome to folks on onespotmedia.com.
22:16
[SPEAKER_12]: First up this evening, Jamaica will receive a full pair of U.S. $115 million under the catastrophe insurance coverage with a world bank.
22:25
[SPEAKER_05]: The decision was made after the World Bank carried out a third-part analysis to determine whether this structure caused by Hurricane Melissa met the criteria for the full payout.
22:35
[SPEAKER_12]: But with the damage estimated at billions of US dollars, one local economist indicated that the 150 million US dollars is just for short-term relief details in this report.
22:47
[SPEAKER_05]: Economists had already predicted that Jamaica would qualify for the full 150 million dollar payout from the World Bank's catastrophe bond due to the scope of the damage caused by Hurricane Melissa on Friday confirmation from the World Bank.
23:03
[SPEAKER_05]: In a statement, the agency said, analysis carried out by third-party calculation agent, air worldwide cooperation concluded that Hurricane Melissa reached pre-grid paramedic triggers qualifying for a full redemption of the World Bank catastrophe bond, which offers Jamaica financial protection against specified natural disasters.
23:24
[SPEAKER_05]: The analysis was based on the storm central pressure and path as reported by the National Hurricane Center.
23:31
[SPEAKER_05]: The island first received insurance coverage against named storm events from the World Bank through a World Bank issued catastrophe bond in 2021.
23:40
[SPEAKER_05]: The coverage was later renewed in 2024 through the catastrophe bond.
23:45
[SPEAKER_05]: The bond is specifically designed to support the island the event of hurricanes and earthquakes.
23:50
[SPEAKER_09]: As you know, they just renewed the bond in 2024
24:01
[SPEAKER_09]: They just renewed the bond in 2024 and now is paying off in 2025.
24:11
[SPEAKER_05]: He kind of missed K9 for now explains how it works.
24:16
[SPEAKER_13]: Yes, so Jamaica pays premiums.
24:19
[SPEAKER_13]: I really like intervals to the world bank.
24:21
[SPEAKER_13]: Those are held by the world bank.
24:23
[SPEAKER_13]: And simultaneously, the world bank collects principal from international capital marketing VISTAs.
24:30
[SPEAKER_13]: So the world bank access and intermediary between Jamaica and global capital marketing VISTAs in these end, that in the end is triggered.
24:40
[SPEAKER_13]: Then,
24:41
[SPEAKER_13]: the capital marketing investors lose their principal, which is what Jamaica has expected to receive in the form of $150 million US.
24:50
[SPEAKER_05]: This means it is not alone that Jamaica is expected to pay back.
24:55
[SPEAKER_05]: However, the fund is not enough to cover the widespread devastation in the country, with damage so far estimated about $7 billion US dollars.
25:05
[SPEAKER_05]: Mr. Faughtner explained that the catastrophe bond is just to help with immediate relief and recovery, and there's no restriction on how the funds should be spent.
25:14
[SPEAKER_05]: It is solely dependent on the government.
25:17
[SPEAKER_13]: Well, this catastrophe bond is really expected to just get jamming it back on its feet with initial recovery.
25:25
[SPEAKER_13]: So long term reconstruction, we'll have to be facilitated over several budget cycles and that will need to be budgeted for in over the next few years.
25:37
[SPEAKER_05]: He said the country's expected to receive the funds from the World Bank sometime next week, and in addition to the catastrophe bond, the World Bank said a broad package of World Bank group assistance is ready to be mobilized to support Jamaica.
25:51
[SPEAKER_05]: This will be done by dispersing emergency funds, the redeployment of existing project funds, and targeted private sector support through the international finance corporation,
26:06
[SPEAKER_09]: So it's great that they got the coverage.
26:11
[SPEAKER_09]: I'm happy for them that this actually worked pretty good for them, but when you look at the overall damage of the whole situation, if you look at it, it's four to six billion dollars, four to six billion dollars.
26:37
[SPEAKER_09]: So do they have in other resources?
26:41
[SPEAKER_09]: I don't know, do they?
26:43
[SPEAKER_09]: We have to wait and see what comes up for them and what they have available for them.
26:47
[SPEAKER_09]: I don't think they have other resources at all.
26:50
[SPEAKER_09]: I really don't think so.
26:51
[SPEAKER_09]: So we have to check it out.
26:54
[SPEAKER_09]: You know, we will have to move and see what's going on because I don't think it's gonna be like that.
27:01
[SPEAKER_09]: All right, but it don't.
27:02
[SPEAKER_09]: I don't think they're gonna have the money to really build back.
27:06
[SPEAKER_09]: make it a way they need to.
27:08
[SPEAKER_09]: And what about their emergency plan, you know?
27:11
[SPEAKER_09]: Did anybody put something together?
27:13
[SPEAKER_09]: What's going on with that?
27:15
[SPEAKER_09]: Do we have any other way, you know, of trying to make this a prevent this from happening again and call just much damage?
27:27
[SPEAKER_09]: What kind of emergency to continue to see plan they have put together?
27:31
[SPEAKER_09]: I don't know.
27:32
[SPEAKER_09]: I didn't hear nothing.
27:33
[SPEAKER_09]: They said all they did to fight and emergency was how to up in the corner.
27:39
[SPEAKER_09]: What was the issue?
27:40
[SPEAKER_09]: Why people wasn't better prepared for this?
27:45
[SPEAKER_09]: Well, we got to do deeper research and find out what's what?
27:50
[SPEAKER_09]: That's how I'll show them.
27:52
[SPEAKER_09]: And conclude to this, you know, we got to wait and see what's going on with Jamaica.
28:00
[SPEAKER_09]: and hopefully they have other funding in place, they waited to the 2024 to read, to have their policy back active, which was important being that it just got a strict uphold for, you know, here in 2025.
28:23
[SPEAKER_09]: So that was excellent that they did that.
28:25
[SPEAKER_09]: Thank God they did that.
28:26
[SPEAKER_09]: Because if they didn't do that, what else would they have?
28:32
[SPEAKER_09]: We got to wait and see with Trump.
28:35
[SPEAKER_09]: I just don't see it if they vote Wednesday.
28:39
[SPEAKER_09]: It's not good for us, guys.
28:41
[SPEAKER_09]: Come January, February next year.
28:45
[SPEAKER_09]: It's not good.
28:47
[SPEAKER_09]: I'm your host, your main equipment stay safe, stay strong.
28:51
[SPEAKER_09]: Protect your own at all times, guys.
28:52
[SPEAKER_09]: Stay up.
28:54
[SPEAKER_09]: And we'd like to give God all the wisdom and knowledge, the acceptance, the glory, forgiveness,
29:02
[SPEAKER_09]: and the understanding.
29:04
[SPEAKER_09]: So we can make it through our tough times.
29:07
[SPEAKER_09]: We need to have understanding.
29:10
[SPEAKER_09]: I'll see you guys later on Thursday.
29:12
[SPEAKER_09]: God bless, peace.