A Black Thursday?

USA is and continues to be one of the largest and leading economies on earth. Any economic problem to the USA is taken as an international issue. No doubt it will be so as they contribute so much to the world economy. One such well know issue was the black Thursday, also known as the Great Crash of 1929. This was an incidence where the stock market of USA saw a devastating crash, which some says is the worst such scenario other than the great depression.

They are big events in big countries with big economies. It is very obvious that small countries like Maldives will not see such economic events unfolding. Yet, I am afraid, that tomorrow, the Thursday, the 1st of October is going to be a beginning of our Black Thursday. Of cause of our 'size'.

This is going to be a Black Thursday more to the government than to the people. Let me tell you some reasons why I feel so.

Tomorrow is going to mark the beginning of "low salary" era. The 10%-20% reduction in the salary will affect many people in different ways. This opens a golden opportunity for the opposition to create doubts about the new governments credibility in the minds of people. The reduction in allowances could also mean protests, low productivity of workers, and the reduction of support to the government and to the worse, might lead to wastage of governments resources.

Tomorrow is also going to mark the beginning of the next term of the Parliament. Many important bills are awaiting. The Maumoon's bill for DRP and the Province bill for MDP are two important names I guess I should mention. The reality is that DRP holds a majority in the Parliament, which of cause means no more honeymoon.

Yesterday, president Nasheed is back from UN General Assembly . The speech he gave was quite impressive for most of the Maldivians except the part about Israel. Many Maldivians including the supporters of the present government does question the morality of the decision to have a good relationship with Israel, who the Islamic world sees as the enemy of Palestine. Maybe, the argument of the government is well reasonable. Yet I doubt that many will be able to digest those reasons. The criticism to this will be coming in the days ahead.

This three is enough to believe that government of Nasheed is going to face some tough days ahead. With DRP hell-bent on bringing an end to Nasheed government, I think tomorrow is going to be the beginning of these waves. Of cause if he gets through these three months (which I believe he will), this Thursday will not be the black Thursday. If not, tomorrow will be our the black Thursday for the first democratic government of this nation.