16 presidential candidates are running for the executive post. But the two main contenders are Ellen Johnson-Sirleaf and William Tubman (both Harvard graduates). (eh, couldn’t resist plugging that in). Senatorial and legislative seats are also up for grabs in this election.
Hon. Amara Konneh, Liberia’s of and Economic Affairs
After claiming independence from the American Colonization Society in 1847, it sometimes seems that modern Liberia is battling to re-claim its independence from being an “NGO Republic”.
During the war’s 14 years, in the absence of a strong legitimate central government to report to, international were the ones calling the shots; their emergency relief services much needed by a population fleeing their burning villages and pillaged homes. Continue reading
“To you, Firestone is just a brand. Where I come from, it is someone’s life – everything they will ever know”
A Liberian friend
Firestone Tire and Rubber Plantation’s history is painfully enlaced with Liberia’s.
In 1920s, the Liberian government was on the verge of bankruptcy and under severe pressure from international creditors for repaying a US$ 2 million debt.
Along came Firestone. It bargained with the government for a lease of one million acres of land for one hundred years. The price? 6 cents an acre, plus 1% in tax on the value of the exported rubber, giving the company unlimited control over 10% of Liberia’s total arable land. Included in the contract was the infamous Clause (K), which conditioned the deal on a loan from Firestone to the government of Liberia of $5 million at an interest rate of 7% (that was 2% higher than the interest rate on any of Liberia’s other debts).
Cornered and careless, the government signed.