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Right Excellent Errol Walton Barrow
The Late Right Excellent Errol Walton Barrow

There was a time when Barbadians were clear about the country we wanted to build. It was a time when our leaders were bold in policy making even if it departed from what others were doing. Former Prime Minister and National Hero Errol Walton Barrow asserted many years ago that Barbadians will be friends of all and satellites of none. In a short utterance Barrow was able to encapsulate the esprit de corps of the Barbadian. Sadly as we scan Barbados a few years later we seem to have become sucked into the currents of what is popular is the standard. We have to agree with the oft saying, where there is a vacuum undesirable elements will take a foothold.

Where is the leadership!

Last week Barbadians were treated to the arrival of Jet Blue $99.00 dollar airfare and all. BU like many is elated by the news our tourism authorities were able to entice an airline, any airline to fly the US to Barbados route in challenging times. In the decision, we calculated the many tourists who will change their minds and travel to Barbados despite the uncertain economic times which currently prevails in North America. Our number one foreign exchange earner has been taking a beating of late; we need those tourists to come to our shores. We can criticize our governments for building an economy which is uncomfortably reliant on tourism but until we come up with something better, we have to work with it.

We were surprised to listen and read commentators flapping with glee at the opportunities Barbadians now have to travel to New York to shop. Don’t get us wrong, we are happy some Barbadians can now travel to New York at a cost cheaper than traveling to our neighbouring Caribbean islands. Not sure we wrote the last sentence correctly because it does not say alot about the management of our regional carriers LIAT or Caribbean Airways. Our sadness about the no-frills Jet Blue deal is how it exposes the lack of leadership by regional leaders through the years. Over 50 years and our current crop of leaders including those from Barbados continue to lay waste gains made in the 60s and 70s.  We preach the importance of regional integration but how can we be serious with regional air and sea transportation services which are non-viable?

We have the ludicrous situation of Barbadians being asked to participate in Staycations by local hoteliers. Many Barbadians will now prefer to travel to relatives in North America for less the cost of the hotel accommodation in Barbados, or flying to Grenada. We have molded Caribbean citizens who seem immune to exercising any judgment which requires sacrifice. BU blames our leaders who have willingly opened the floodgates in the name of globalization.

All of what our former leaders would have envisioned for the region is literally now history.


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55 responses to “Something Is Happening”


  1. We know the truth, because when we hear it, it resonates throughout our bodies as correct, fitting, and appropriate in all respects.

    Evil in the world, originates in ideas and beliefs that falsely present the nature of the Cosmos and its way, and the human place in it. It is in the realm of thinking consciousness and the false use of language that all discord and conflict arise.

    Humans abandoned the Cosmos through adopting pretentious ideas about themselves that elevated them above all other things as special.


  2. The word is “Something”, all ONE word.

  3. Johnny Postle @ Avatar

    To overlook the plight of the Caribbean people at the expense of maximising profits have always been the prevailing reality in this region. Using Barbados as an example, the cost of living, which has reached staggering heights, have never been flexed, reduced or sought to bring ease to the many who suffer daily under the rediculous pricing structure that exist on this island.

    Our governments continue to function with some degree of alacrity as their connections with big businesses have afforded them degrees of freedoms, expressions and spending power that no ordinary citizen can experience or even match.

    With Jet Blue offering some ease for the time being, why would any right thinking person want to miss out on this once in a life opportunity, which will only last for a time, to spend a stay-in-vacation in one of our luxury hotels that hardly offers any affordability for you to do so. Many of our food service sectors, particularly restaurants and hotels, do no cater for locals. Even in this crisis, where are the attractive packages that would entice locals to want to vacation in a luxurious hotel they normally could not afford.

    Jet Blue is showing that even in an economic crisis you could still honour your customers with a period of cheap affordable travel, even if it is done as a marketing strategy. The point is, travel at no point my travel history to the US was ever that cheap and affordable.

    Can we say the same for many other services?


  4. The JetBlue deal may do to the Bajan economy what insipid policy changes did not: boost competition. It will not take long for people to do the maths and see that saving to fly to NY (US$99 e/w for a while, and maybe soon to be matched by AA and even US Airways to seleceted cities) and do some shopping or eating or leisure activities is far better value for money than spending the money in Barbados or even Trinidad or Puerto Rico.

    If local merchants do not wise up quickly they will have no tails to put between their legs.

    In fact, this is amusing to see as a policy that may backfire and do more to boost outward tourism than it does to raise inward travel and spending. Worse would be that Customs do not even get the extra revenues from imported items if travellers continue their usual ways of not declaring their items for duty. A real little ‘perfect storm’ brewing.


  5. @Johnny Postle, “Jet Blue is showing that even in an economic crisis you could still honour your customers with a period of cheap affordable travel, even if it is done as a marketing strategy. The point is, travel at no point my travel history to the US was ever that cheap and affordable.” America has often provided cheap domestic and international travel, and that reflects a certain competitive drive.

    Barbados too has seen the benefit of ‘cheap’ services and some staycation packages are essentially that. But in the end cheap can only be maintained if costs are in line with low prices. JetBlue may be lean and perhaps productive enough to carry on this way for a while, but Barbados is not.

  6. Adrian Loveridge Avatar
    Adrian Loveridge

    I think the BHTA’s StayCations has been an excellent attempt to make it more affordable for ‘locals’ to stay in our hotels.
    Obviously, the 700 room nights sold to ‘locals’ at one hotel alone is proof positive and just think how many jobs thats would have helped protect?

    The re-DISCOVER BDS$99 – 3 course Dinner offer is still attracting between 200 and 250 each week.

    Of course it would be cheaper to stay with relatives, whether in New York or anywhere else, but go online and see what a reasonable hotel costs in that city.

    Until Governments address the REAL problems with regional air travel, high departure and other taxes etc, what could possibly bring prices down UNLESS there is some competition.


  7. @Adrian L

    In this case we should define competition. Is this $99.00 airfare sustainable? The answer is probably no. What is the load of Jet Blue, 150 passengers? Again if we want to use competition to drive down prices it must be all encompassing.


  8. In Airline Price Wars
    Operators run at a loss
    And run all the competitors out of business
    And pick up the pieces

    http://555dubstreet.wordpress.com/2009/08/04/pick-up-the-pieces-2/

    http://555dubstreet.wordpress.com/2009/08/04/pick-up-the-pieces/

  9. Adrian Loveridge Avatar
    Adrian Loveridge

    David,

    No! the US$99 is probably not sustainable but it doesn’t have to be. Its a loss leader and I am sure VERY carefully revenue managed.

    Interesting the taxes/add-ons are double on the BGI/JFK segment when compared to the JFK/BGI one.

    We have to start thinking smart in tourism too.

    Look at the ScotiaBank offer in the papers today.

    4X miles when you use their credit cards to pay for hotels, car rental and airtravel. Combine that with their current 10,000 mile rebate and you only have to spend US$3,750 to get a ‘free’ MILES ticket to/from BGI
    to/from anywhere in North America that American Airlines services.

    This is HOW our tourism officials should be thinking at the moment.
    Discounting over a prolonged seven year period simply hasn’t worked.
    2002 – 2008 showed an average growth of just 1.3% annually in long stay visitor arrivals from the United States.

    This year according to recently released BTA provisional figures we are already DOWN 16.6% for the period January-August from the US or a loss of 15,713 people.

    Put another way and thats the equivalent of more than 100 JetBlue flights into Barbados.


  10. Before we can say that a US$99 package is not sustainable, we should look at the operating cost. If that plane is coming full and returning full, that is $60,000 BDS per return journey. If $60,000 can cover operating costs, it would simply be a question of frequency to maximise profits.


  11. Are you kidding about the Bank of Nova Scotia offer? They charge a yearly fee for having their credit card, which they don’t charge in north america, they have a higher APR here than they do there, about 8% higher, & their intrest fees not calculated on the same formula. Figure that out over the passed 20 years & you will realize that they aren’t even giving back a fraction of what they have stolen!!!


  12. Just found out that it cost BDS$9,938 for an aircraft like Jet Blue with 150 passengers to land at the airport. These include: Landing Charges; Terminal services; Airport services and Security. These all go to GAIA Inc.

    After that would be fuel, supplies, maintenance and crew.

  13. Adrian Loveridge Avatar
    Adrian Loveridge

    Sailor,

    Name ONE bank on Barbados that offers no annual charge credit cards?

    Interest rate is relative to the area the bank is operating. Is Scotiabank’s credit card interest rate higher than any other bank that issues them on Barbados?

    And what about the people that always settle their account in full each month?

  14. Adrian Loveridge Avatar
    Adrian Loveridge

    ROK,

    And please don’t forget the leasing cost of an A320.


  15. @AL

    Can you shed any light on these other costs?


  16. It would have been nice to hear a discussion on the banking problem here on VOB instead of VOB’s guru avinash persaud churning out these ‘one size fits all’ advice.

    I ask you how many barbadians are thinking about the role of international business in Barbados,and then tell me how many of these said bajans are thinking about how to pay their car loans or house loans or credit cards as the interest on these loans rises and new fees are introduced by the bank every other month.

    VOB and in particular David Ellis seem bent on by whatever means getting Owen Arthur and the BLP in the news every day especially on economic matters.

    It as though he feels whatever Owen says must make Prime Time news at 7:30 a.m. or 5:30 p.m.

    He should be called out on it.

    .


  17. Sorry should have been posted under Banks in Barbados.


  18. @BU
    …”Our sadness about the no-frills Jet Blue deal is how it exposes the lack of leadership by regional leaders through the years. ”

    Is it really a lack of leadership or is it a lack of decision making?


  19. @Sapidillo: “Is it really a lack of leadership or is it a lack of decision making?

    They’re the same thing.

    Aren’t they?


  20. To Anonymous:

    VOB and in particular David Ellis seem bent on by whatever means getting Owen Arthur and the BLP in the news every day especially on economic matters.

    It as though he feels whatever Owen says must make Prime Time news at 7:30 a.m. or 5:30 p.m.

    ————————–
    SO WHY THE FRANCE NOT ?
    why Owen , a well known economist and former Prime Minister of Barbados should not be given time ? Because you say so ?

    You people are something else !
    Sometimes when we examine such comments, we get the impression that we should not do any thing for black people


  21. Adrian

    You will note that I said that they don’t charge a yearly fee in north america. what I am trying to point out is that the offer that they are giving regarding Jet Blue, is only a fraction of the of the money that they have unfairly made off us over the years. No there is no bank in Barbados that does not charge an annual fee, none of whom charge a fee to their north american customeres. Is that just by chance, looks like price fixing to me!


  22. @ Chris H

    Maybe in today’s world, Leadership and Decision-Making are the same.

    In my Project Management training, Leadership and Decision Making were two separate skills. I took a separate course in leadership skills and one in decision making skills. Isn’t leadership about HOW to accomplish, while decision making about WHAT to accomplish?

    Maybe I’m losing it.


  23. @Sapidillo…

    IMHO, Leadership in *any* individual is about that *individual* having the strength to make hard, unpopular, decisions…

    @Sapidillo: “Isn’t leadership about HOW to accomplish, while decision making about WHAT to accomplish?

    With respect, I don’t think so…

    Any “Leader” who doesn’t know how to (or doesn’t have the strength to) make a hard, unpopular, decision (and to know (and stand behind, in name and ramifications) *exactly* the results they hope for) is not a real Leader.

    IMHO….


  24. the rankings they all get spanking
    yes top rankings all get a spanking
    on the banking
    oh yes on the banking
    I said you know you know you know


  25. @Sapidillo

    Agree with Chris, leadership is about getting the job done.


  26. Hey Guys

    While the two may converge at times the two can also be separate. For example, decision making can be a process. Leadership is about giving direction or meaning to something; yes, getting things done.

    Leadership may also be about a guiding philosophy on how decisions are to be made and who will make them. Hence, a decision is made before decisions can be made.


  27. ROK we should always apply meaning based on the context. In this case when we discuss the dearth of leadership by our leaders over the years we are talking about both.


  28. @David: “…we should always apply meaning based on the context. In this case when we discuss the dearth of leadership by our leaders over the years we are talking about both.

    @David… With respect… You are beginning to sound a bit out of touch with what you actually want.

    @David. What, *EXACTLY*, do you want?

    @David. Please define same….


  29. Well I was thinking about the difference between “governance” and leadership. I suspect that Sapidillo was making the distinction, but if we are speaking in the context of giving leadership, the distinction would seem a bit unnecessary; agreed.


  30. We don’t want to get pedantic on this matter.

    We mean, LEADERSHIP=Getting the job done.


  31. @David; @ROK…

    (LOL…) Come on guys.

    If we can’t (truly) fight amongst ourselves, then this whole game is just not honest….


  32. Christopher Halsall said
    “If we can’t (truly) fight amongst
    ourselves, then this whole game is just not
    honest….”
    +
    It’s not honest
    people set up blogs to steal peoples ideas


  33. Hi ROK

    Your back of the envelope calculations on the Jet Blue Flights suggest unsustainability to me at 99$US per leg and full flights both way.

    Could the Barbados Government be providing significant subsidies? Are they paying the full landing charges you enumerated above?

  34. Wishing In Vain Avatar

    JetBlue Spreads its Wings in the Most Easterly Caribbean Isle: New York’s Award-Winning Customer Service Airline Begins Nonstop Daily Service from the Island of Barbados
    – Flights on sale for $99 (a) each way for U.S. originating travel today through Oct. 6 on http://www.jetblue.com for travel Oct. 8 to Dec. 16, 2009 –
    NEW YORK, Oct. 1 /PRNewswire-FirstCall/ — Award-winning JetBlue Airways (Nasdaq: JBLU) today celebrated continued international expansion into Latin America and the Caribbean as inaugural Flight 871, the value airline’s first to the island of Barbados, taxied in at Grantley Adams International Airport (BGI) in Bridgetown from New York’s John F. Kennedy International Airport (JFK). The sold out 150-seat Airbus A320 aircraft was welcomed to the most easterly island of the Caribbean with a traditional water cannon salute upon arrival as the captain and first officer proudly waived the American and Barbadian flags from the cockpit windows. JetBlue now serves Barbados with daily nonstop flights year-round from New York — where connections to other destinations in the Northeast are available.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090217/NY71475LOGO-b )

    To further celebrate the inaugural service, JetBlue is offering a special $99 (a) sale fare each way for U.S. originating travel between New York and Barbados. Flights are on sale today through Tuesday Oct. 6 at http://www.jetblue.com for travel between Oct. 8 and Dec. 16, 2009. Blackout dates and other restrictions apply (a).

    “The beautiful and popular island of Barbados today joins JetBlue’s growing selection of Latin American and Caribbean destinations on our route map, providing more choices, low fares and a higher value travel experience for our customers,” said Robin Hayes, executive vice president and chief commercial officer for JetBlue Airways. “In addition to providing more comfort with leather seats and ample legroom, more free live entertainment with personal seatback TVs and a quality selection of free snacks and drinks, we also operate our airline with a keen eye on providing the best customer service experience possible. We look forward to introducing our new Barbadian customers to the JetBlue Experience.”

    “JetBlue has an excellent reputation and we are happy to be partnering with them in what we anticipate will be a fruitful and mutually beneficial relationship,” said Barbados Minister of Tourism, the Honorable Richard Sealy.

    “I am very pleased to welcome JetBlue to the growing community of American businesses active in Barbados and the Eastern Caribbean,” said Dr. D. Brent Hardt, Charge d’Affaires, a.i. of the U.S. Embassy to Barbados and the Eastern Caribbean. “As one of the most successful U.S. air carriers, JetBlue will bring the highest standards of customer service to Barbados and the Eastern Caribbean. JetBlue’s arrival will offer expanded travel options for Americans who wish to visit Barbados and St. Lucia, and for Barbadians and other Eastern Caribbean nationals who wish to visit the U.S. JetBlue’s decision to inaugurate these flights reflects the continuing affinity that U.S. citizens feel for Barbados and St. Lucia as premier vacation destinations. We welcome JetBlue to the region and we look forward to a long and prosperous relationship with this outstanding American business partner.”

    “The Chairman and Board of Directors of Grantley Adams International Airport Inc. welcome the commencement of daily JFK JetBlue services, and are looking forward to a long co-operative and successful partnership with this new airport stakeholder,” said Joseph Johnson, Chief Executive Officer of Grantley Adams International Airport. “JetBlue customers can be assured that there will be the usual Barbadian airport welcoming experience on arrival and departure. As these services grow, the airport is expectant of extensions of JetBlue’s service into even more U.S. points, and all aspects of facilitation will be extended to ensure that the airport experience reflects a team approach and excellent and caring service by all airport agencies.”

    JetBlue’s new service between JFK and Barbados:

    New York (JFK) Barbados (BGI) to
    to Barbados (BGI) New York (JFK)

    Depart – Arrive Depart – Arrive

    9:15 a.m. – 2 p.m. (01Oct-31Oct) 3 p.m. – 8:01 p.m. (01Oct-31Oct)
    8:30 a.m. – 2:18 p.m. (01Nov-04Jan) 4:20 p.m. – 8:31 p.m. (01Nov-04Jan)

    JetBlue also offers full vacation packages for Barbados and 34 other JetBlue destinations. JetBlue Getaways customers book discounted vacation packages including airfare, hotel, airport transfers and/or various activities at one time, saving valuable time and money. Customers can book a JetBlue Getaways vacation package to Barbados at http://www.jetblue.com/getaways or through the JetBlue Getaways desk by calling 1-800-JETBLUE (538-2583), option 3. Current special offers on air and hotel packages to celebrate JetBlue’s inaugural flight include (b):

    — Almond Beach Club and Spa, All Inclusive – reduced rates plus $100
    resort credit
    — Almond Beach Village, All Inclusive – reduced rates plus $100 resort
    credit
    — Almond Casuarina Beach Resort, All Inclusive – reduced rates plus $100
    resort credit
    — Crystal Cove, All Inclusive – reduced rates
    — Discovery Bay Barbados by Rex Resort – reduced rates
    — Hilton Barbados – reduced rates, free night, free breakfast
    — The Crane Resort and Residences – reduced rates plus room upgrade

    — Turtle Beach, All Inclusive – reduced rates

    Barbados is one of 17 international locations served by JetBlue, and one of the more than 50 destinations throughout the Americas. In addition to its new Barbados flights, JetBlue will also begin new service to Saint Lucia on October 26 and Kingston, Jamaica on October 30. In 2009, the airline has also added new service to international destinations including Bogota, Colombia; San Jose, Costa Rica; and Montego Bay, Jamaica.

    Earlier this year, JetBlue was also ranked “Highest in Customer Satisfaction Among Low-Cost Carriers in North America” by J.D. Power and Associates, a customer satisfaction recognition received for the fifth year in a row. JetBlue was also recently recognized as a winner in Budget Travel Magazine’s 5th annual Extra Mile Awards, celebrating companies and destinations that are going the ‘extra mile’ to make travel easier and more affordable in 2009. New York’s hometown value carrier, already traveler-friendly, was recognized for upping the ante on its in-flight perks, including free snacks and drinks, personal seatback televisions and comfy leather seats, bringing equally valuable amenities to the airport experience, including gate-side food delivery options at its new Terminal 5 at JFK.

    About JetBlue Airways

    New York-based JetBlue Airways has created a new airline category based on value, service and style. In 2009, the carrier ranked “Highest in Customer Satisfaction Among Low-Cost Carriers in North America” by J.D. Power and Associates, a customer satisfaction recognition received for the fifth year in a row.

    Known for its award-winning service and free TV as much as its low fares, JetBlue is now pleased to offer customers Lots of Legroom and super-spacious Even More Legroom seats. JetBlue introduced complimentary in-flight e-mail and instant messaging services on aircraft “BetaBlue,” a first among U.S. domestic airlines. JetBlue is also America’s first and only airline to offer its own Customer Bill of Rights, with meaningful and specific compensation for customers inconvenienced by service disruptions within JetBlue’s control. Visit http://www.jetblue.com/promise for details. JetBlue serves 58 cities with 650 daily flights. New service to Saint Lucia begins on October 26. The airline will also commence service to Kingston, Jamaica on October 30. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and an overnight stay is never required. For information or reservations call 1-800-JET-BLUE (1-800-538-2583), TTY/TDD 1-800-336-5530 or visit http://www.jetblue.com.

    (a) Travel must be booked by October 6, 2009, 11:59 PM MT. All fares are subject to change without notice. Travel costs $15 more per person if purchased by telephone, or at an airport or city ticket office. Fares require up to a 7-day advance purchase. Travel must take place between October 8, 2009 and December 16, 2009. Travel must be completed by December 16, 2009. Blackout dates for travel are between November 25, 2009 and December 1, 2009. Travel must take place on Monday, Tuesday, Wednesday, Thursday, and/or Friday. Fares may not be available on all days or on all flights. All fares must be purchased at time of reservation, and are one-way, nonrefundable, and nontransferable. Cancellations and changes can be made prior to scheduled departure for $100 per person at 1-800-JETBLUE (1-800-538-2583), TTY/TDD 1-800-336-5530, 001-801-365-2525 if located internationally, or at jetblue.com, with applicable fare adjustment. Cancellations are for a JetBlue travel credit only, which is valid for one year. If a reservation is not changed or canceled prior to scheduled departure, all money associated with the reservation is forfeited. Fares do not include Passenger Facility Charges of up to $9 each way, September 11th Security Fees of up to $5 each way and a Federal Segment Tax of $3.60 per domestic segment. A segment is a takeoff and landing. International fares also do not include government fees and taxes of up to $127.60 each way. All taxes and fees must be paid at the time of purchase. JetBlue reserves the right to deny boarding to passengers without proper documentation. A second bag fee of $30 applies. DIRECTV(r) service is not available on flights outside the continental US. Barbados service begins October 1, 2009. Other restrictions apply. ©2009 JetBlue Airways

    (b) Offers end 10/31/09. Packages must be purchased by 10/31/09 for travel between 10/01/09-12/14/09. The Crane Resort and Residences – receive reduced rates plus guaranteed upgrade from junior garden view suite to one bedroom ocean view suite. Minimum 3 night stay required. Not combinable with any other promotions. Almond Beach Club and Spa, Almond Beach Village, Almond Casuarina Beach Resort- receive reduced rates and $100 resort credit. Credit is per room, per stay and do not apply to product or gratuities. May be used for upgraded dinner menus and bottled wine. May be combined with other offers, excluding interline rates and complimentary stays. Hilton Barbados – stay for 3 consecutive nights and receive the 4th night free, plus receive reduced rates. Maximum one free night per stay and minimum 4 night stay required. Receive complimentary breakfast for two daily for the duration of the stay. Breakfast will be deducted from the final hotel bill. Crystal Cove, Turtle Beach – reduced rates valid with a minimum 3 night stay. All resorts – Resort credit and free breakfast are non-transferable, have no cash value, and any unused portions will be forfeited. Reduced rates and room upgrade are reflected in the package price. Subject to availability, restrictions may apply. Getaways terms and conditions apply.

    SOURCE JetBlue Airways

    JetBlue Corporate Communications, +1-718-709-3089, CorporateCommunications@jetblue.com, or JetBlue Reservations, +800-JET-BLUE (538-2583), TTY/TDD: 1-800-336-5530


  35. @Checkit-out

    The information I got for Jet Blue is as follows:

    Landing Charges – $488.40 (Landing Charges for LIAT is $90)
    Terminal Charges: $3 @ 150 passengers
    Security: $5 @ 150 passengers
    Airport Services: $55 @ 150 passengers

    Remember that it is US$99. The above are in BDS$.

    It is important to note that if the aircraft comes full and leaves full the revenue is $60,000 BDS per visit. These charges are only applied once in that turn around and I suspect that the charges in USA will be different; probably lower and not as many charges.

    If therefore, all the charges and cost could be covered from revenue from one half of the trip it leaves the airliner with BDS$30,000 in profit for the return leg of the trip.

    If the aircraft remains full, it may not be the most lucrative on investment in airliners but it would be sustainable in my opinion. Let us put it this way, if out of $60,000 BDS per trip BDS$5,000 is left per day after all expenses including the rental of the aircraft, that is still 30 days x 5,000 = BDS$150,000 per month; $75,000 US per month to the investor.


  36. You know, one of the important principles of doing business in the past was reliance on volume and traffic. The most successful shops were those that stocked everything from wine to iodine and sold at reasonable rates.

    As my father used to say, if you can flood your shop with people looking for cheap prices, then you may actually be able to make tenfold.

    According to WIV, this is the very principle in action here with Jet Blue. Many routes at cheap rates accrue. If this airline can gain as much from each route, 10 routes would be US$750,000 per month and over a 3 month period that is US$2.25M; cool so.

    The one thing about the shop though is that it was very lean on employment; a virtual one man show where children and family played a very important supporting role in the provision of labour. This allowed the shopkeeper to cut a lot of corners to reduce costs.

    Sadly, we have failed to develop and improve on these skills to adapt them to modern times, but these were sound business practices that kept competition alive and prices down.

    One Prime Minister of England noted the importance of small and micro businesses to providing competition and keeping prices down. Not so now in Barbados. Seems like the smaller businesses seeking to milk the maximum out of every item.


  37. Major news coming from europe which will affect your region. Read and learn.

    http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html.


  38. The demise of the dollar

    In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

    By Robert Fisk

    Tuesday, 6 October 2009
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    Rex

    Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.

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    In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

    Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

    The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

    Related articles
    •Sean O’Grady: China will overtake America, the only question is when
    •Leading article: The end of the dollar spells the rise of a new order
    The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China’s former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. “Bilateral quarrels and clashes are unavoidable,” he told the Asia and Africa Review. “We cannot lower vigilance against hostility in the Middle East over energy interests and security.”

    This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region’s conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves.

    The decline of American economic power linked to the current global recession was implicitly acknowledged by the World Bank president Robert Zoellick. “One of the legacies of this crisis may be a recognition of changed economic power relations,” he said in Istanbul ahead of meetings this week of the IMF and World Bank. But it is China’s extraordinary new financial power – along with past anger among oil-producing and oil-consuming nations at America’s power to interfere in the international financial system – which has prompted the latest discussions involving the Gulf states.

    Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Indeed, China appears to be the most enthusiastic of all the financial powers involved, not least because of its enormous trade with the Middle East.

    China imports 60 per cent of its oil, much of it from the Middle East and Russia. The Chinese have oil production concessions in Iraq – blocked by the US until this year – and since 2008 have held an $8bn agreement with Iran to develop refining capacity and gas resources. China has oil deals in Sudan (where it has substituted for US interests) and has been negotiating for oil concessions with Libya, where all such contracts are joint ventures.

    Furthermore, Chinese exports to the region now account for no fewer than 10 per cent of the imports of every country in the Middle East, including a huge range of products from cars to weapon systems, food, clothes, even dolls. In a clear sign of China’s growing financial muscle, the president of the European Central Bank, Jean-Claude Trichet, yesterday pleaded with Beijing to let the yuan appreciate against a sliding dollar and, by extension, loosen China’s reliance on US monetary policy, to help rebalance the world economy and ease upward pressure on the euro.

    Ever since the Bretton Woods agreements – the accords after the Second World War which bequeathed the architecture for the modern international financial system – America’s trading partners have been left to cope with the impact of Washington’s control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.

    The Chinese believe, for example, that the Americans persuaded Britain to stay out of the euro in order to prevent an earlier move away from the dollar. But Chinese banking sources say their discussions have gone too far to be blocked now. “The Russians will eventually bring in the rouble to the basket of currencies,” a prominent Hong Kong broker told The Independent. “The Brits are stuck in the middle and will come into the euro. They have no choice because they won’t be able to use the US dollar.”

    Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years’ time. The current deadline for the currency transition is 2018.

    The US discussed the trend briefly at the G20 summit in Pittsburgh; the Chinese Central Bank governor and other officials have been worrying aloud about the dollar for years. Their problem is that much of their national wealth is tied up in dollar assets.

    “These plans will change the face of international financial transactions,” one Chinese banker said. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”

    Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.

    Read also:

    •’China will overtake America, the only question is when’
    •’The end of the dollar spells the rise of a new order’
    •The Independent on Facebook
    •The Independent on Twitter


  39. Link did not appear to be working; so I had to cut and paste. Sorry about the mess


  40. There’s a lot going on in Istanbul TODAY* with the IMF * WB meetings….

    Have a look at what Dr. Weiss and others are saying about the US Dollar…

    http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-4-35722


  41. The vision of ERROL BARROW is lost!!!

    Where are the men of renown of the caliber of O’Neal, Barrow and Springer – 3 generations which produced, Errol Barrow, Charles Springer, (founder of Scouting in Barbados); Dr Duncan O’Neal, (political leader and Gold Medalist of Edinburgh University); Sir Hugh Springer, (trade unionist) and DAME*Nita Barrow’s (Governor-General); and Christopher Springer – distinguished mathematician and attorney-at-law….

    This giant of a “PATRIOT” – Errol W. Barrow had vision beyond anyone of his time and since…

    Here’s snippets of his address at the signing ceremony of the Treaty of Chaguaramas…

    “We have been a people imbued with a sense of our own inadequacy…”

    “A lot of our fellow West Indians were rather amazed at our temerity, and we solicited the assistance of our colleagues from other parts of the world in making a bold stand on the need for West Indian integration…
    The problem which confronts the West Indian people today, is one of persuasion, to persuade people of the caliber of the Prime Minister of Trinidad and Tobago and other distinguished people who have contributed towards the success of this experiment to remain with us and to make a further contribution so that our countries will be able to progress, not because of any predilections on our part to preside over the destinies of our peoples, but it will be dependent upon the willingness of the people of the West Indies to recognize the quality and the nature of the leadership which some of our countries enjoy and that does not necessarily include Barbados, but it does not necessarily exclude Barbados either…”

    The DIPPER’S address to a political rally on 13th May, 1986, just before his landslide victory still speaks to who we are as a people…

    Michael Jackson was not the first to speak to the “MAN IN THE MIRROR”…

    BARROW WAS THE MAN!!!

    4 decades later his vision is still awaiting fulfillment as did the dream of MLK…

    In that famous speech – THE SKIPPER is still asking “ALL” of us –

    “What kind of mirror image do you have of yourself?”

    “There are too many people in Barbados who despise themselves and their dislike of themselves reflects itself in their dislike of other people… people who live next door to them, members of their family, husbands, and wives, and the ox and the ass and the stranger within the gates…”

    “Which group in wealthiest in Barbados then? Who has the most money to spend?”

    “The Tom Adams government had $600 million in each and every year at its disposal to bribe you with your own money, and then spit in your face… They have people now who will spend the workers’ money to bribe the workers and they could save their money and thus go off and live like true politicians, while they use your money against you…”

    Now what has bothered me in this society is that every time after elections, people expect certain things to take place. And although the law says that he that giveth is as much guilty of bribery and corruption under the Corrupt Practices Act as he that receiveth, we know that even on polling day, people were given envelopes with $100 bills in them…”

    “Philip Greaves and Asquith Phillips and I sat down trying to get people to bring affidavits, so that we could lock up some of them. Our own people, registered Democratic Labour Party people, said they were not prepared to go into court and swear.”

    “So what kind of mirror image would you have of yourself? If there are corrupt ministers in Barbados tonight, you have made them corrupt…”

    “I am not trying to make any excuses for you, but I realise what has happened in this society. You have people who are living on the brink of, and at, subsistence level. I look around and see people who have not done an honest day’s work in their whole lives driving around in MP cars, having an ostentatious standard of living, unlike my poor families in St. John, who the Welfare Officer gives $50 to feed a family of ten for a whole week….”

    “What kind of mirror image can you have of yourself?”

    FULL SPEECH @
    http://bajanfreepress.wordpress.com/2008/01/21/errol-barrow-mirror-image-speech/


  42. @Terence M. Blackett… Two simple and direct questions, if I may…

    1. Do you live in Barbados?

    2. If not, why are you so interested in Barbados?


  43. @CH

    Q1. NO
    Q2.It’s HOME*


  44. @TMB…

    I copy your above. And I appreciate your answers.

    May I ask you another two direct questions, based on your above:

    1. When were you last “Home”?

    2. When do you expect to come back and live at “home”?

    Best regards (truly)….


  45. @CS

    Q3. 2007

    Q4. God Knows!!!


  46. @TMB…

    Thank you for your above.

    You, at least, answer direct questions… Which is more than can be said for many….


  47. @ CH

    Are you speaking of politicians?


  48. @Terence: “Are you speaking of politicians?

    To now answer your direct question…

    I wasn’t speaking specifically about politicians, although the “politicians” set certainly is a subset of the “many” subset of the “all” set which I would argue don’t tend to speak to direct questions.

    When I wrote that statement, I was specifically thinking about the religious subset of the “all” set.

    But your point is valid….


  49. A prophet is only despised in his own country, among his own relatives, … on his words, his own townspeople, his own family wrote him off, treated him with cynicism. …

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