Easter Island News: Rapa Nui to back Federal Moai Loan Corporation

[Strelnikov_]

Rapa Nui News Services - The Island Councellor in charge of Economic and Financial Affairs hosted a press conference on the recent troubles affecting the Federal Moai Loan Corporation (Femo Loa). He said: "I am proposing the Island Council that Femo Loa becomes backed by the full faith and credit of Rapa Nui. Moai construction and related activities are an essential part of the Island's economy, providing jobs to one third of the Island's workforce. The ongoing crisis in moai financing has already caused a significant slowdown in moai construction and threatens the prospects for the Island's economic growth."

When asked his position on the views that moai construction was causing an unsustainable rate of felling of the Island's palm tree reserves, the Councellor said: "The concerns of so-called Peak Palmers are unfounded, and their predictions have already been proved wrong in the past. They underestimate the impact of technological advances and human ingenuity."

He further pointed out that the recent launch of a new generation of whistles with customizable sound frequencies was a clear demonstration of the ability of technology to overcome challenges.


Courtesy of Beach Boy from the 12th Drumbeat at TOD