enuff | November 26, 2011 at 12:22 PM |
Four years and the apologists still talking about a BLP mess. SMFH
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Ain’t the victims of the Chernobyl disaster still suffering from its effects some 20 YEARS after ?

Owen Arthur and the BEES were just a disastrous intervention in the lives of Barbadians between 1994 – 2008.

Just imagine what this economy in November 2011:

1. would be able to do with the 70 million dollars spent on GREENLAND ?
2. would be able to do with the 15 million dollars spent in legal fees to secure a NON EXISTENT fishing agreement with Trinidad ?
3. would be able to do with 80 million dollars owed to Al Barack……when the original bill presented to the BLP government in 2006 was 30 million dollars……and they refused to pay the man ?

I repeat…..Prof. Neville Duncan rightly asked a few months ago……WHAT IS IT OWEN ARTHUR PROPOSE TO BRING NEW TO BARBADIANS ?

@ colonel buggy

aw man, it is bad, but lets face it, she went to the mail. Read $$$$$$$. If NOW was not shut down, it would have been their headlines.

millertheanunnaki (May2012 or is it June2012)

Is Owen”seethru”Arthur living any worse now than he did five years?

Whatever happen to Seethru’s Marina inquiry?

Was it still born?

It called being political strong armed david. they left the meeting tuseday and were told don’t come back unless the answer is yes. Wonder if Tony would do the right thing and resign or call out the ministers on this nonsense.

Solution: re-name the N.I.S., as the National Intravenous Service; ensure it’s mandate is also modified to reflect no responsibility for the well-being of grand-children, or great-great grandchildren; who will duly collect their full pensions, at the retirement age of age 93. Alternatively, just register it as a bank; as it’s already accepting deposits (“contributions”) Yes, there is method to this madness, (which is also prevalent in Europe, and USA): since money will soon have little value, it’s better to just share it out now, and buy anything that is tangible. Like jobs; rotis, gasoline; BMW’s, cruise-trips; $1,800 cell-phones, etc.

IF WE BAJANS SIT BACK AND TAKE THIS LYING DOWN WE ARE A SPINELESS BUNCH. WE DESERVE WHATEVER WE GET!

NOW THIS IS AN OPPORTUNITY TIME FOR A THIRD PARTY TO EMERGE, THE MANIFESTO IS ALREADY ON THE WALL ON WHAT THEY MUST DO. BUT THIS PARTY MUST HAVE COJONES TO PUT IN PLACE INTEGRITY LEGISLATION AS THEIR FIRST PRIORITY OF BUSINESS.

islandgal246 | November 27, 2011 at 7:35 AM | It is clear that the NIS board has NO BALLS only empty sacks!

I can’t agree with you there: they have ball just that no hair has grown on them yet. They are a bunch of little boys!

You are acting like this is the first time that the NIS Board was ordered to change their position on an investment. You should recall that the NIS Board said, “NO” to Public Workers Credit Union for a loan to purchase CLICO Mortgage & Finance Company, but were ordered to approve it in order to help bailout CLICO. Now The credit union has a millstone around its neck. Will history repeat itself?

http://gulfnews.com/business/property/international/iceland-rejects-chinese-tycoon-s-200m-land-purchase-proposal-1.938044

@ Fractured BLP
$85m extra dollars in 2011 could save us? The fiscal deficit, for the period 2010/2011, is estimated at $751.1 million!!
After four years of an average of 0% growth, less FOREX, more borrowing and a larger fiscal deficit, I really can not imagine where we would be if the economy was really in a ‘mess’ in January 2008.
I am still waiting to hear this government’s accomplishments since coming to power. Campaign PR and governing are two different kettle of fish.

@Carson C. Cadogan | November 27, 2011 at 3:24 AM |
“millertheanunnaki (May2012 or is it June2012)”
Cant’ you tell the difference between the date of calling general elections and the date of the IMF taking up permanent residence whichever party wins?
Please CCC, be fair for once and stop labelling me a party yardfowl. I beg you, please leave me alone when it comes to party pigeon-holing or yardfowl cooping.! Or do you see everyone who opposes what the present administration does as pro BLP?

“Do you know where seethru got the Millions to pay Beverly at the end of the Divorce settlement?”
The answer is NO! Maybe your administration can do a forensic audit as in the case of Hardwood Housing. You will then find out where OSA got his millions. While you are at it (the forensic audit of course) you can investigate out the Families First Account and CLICO association. You might just find where Beverly (like Mrs. MT) came into her windfall millions.

“Whatever happen to Seethru’s Marina inquiry?
Was it still born?”
CCC! Surprise! Surprise! I am with you on this one!
You see I am anti- robbing the Treasury whether by BLP crooks or DLP wannabe bigger crooks in a shorter period. Get my drift, sorry my position?
Now bugger off, yardfowl!

“I have been calling this indian financial guru a fraud for a long time, glad to see some body heard.’

Le MULE ….Why not financial guru a fraud? ! If it were a black man I wonder how you would describe him? RACIST PIG

To Island:
As far as i know the indian guru is of indian descent. If he were a black financial fraud I would call him a black financial fraud. If that is being racist, I am guilty as can be. When indians win spelling bee or mathematical competitions, I have never seen you accusing the white papers or labeling them racist, but I stand by my description of the indian man and you.

To Carson Cadogan:
My paper is telling there seems to be a change of heart to finance the project. How did you know it was already agreed. Are you on the board?

CANT you all see that this DLP government is heading down the same road as the SANDY led government ???

IF mm Tony Marshall does not resign now !!! he is more mm than at first thought ???

WHEN are you people going to admit that this DLP government is a big problem ???

@JUST ASKING | November 27, 2011 at 1:12 PM |

“IF mm Tony Marshall does not resign now !!! he is more mm than at first thought ???”

This is like asking a dead man to dig his own grave!
Every little bit counts! That’s how some people who have sold their souls to the money devil see a monthly tax free stipend! The advice of not storing up riches on Earth for the moths to devour after the worms have taken care of their cadavers does ring any warning bells to the fire marshal!

@David

With absolutely no apology, you are 100 % accurate. The entire board must go if indeed there is a reversal in the decision and the NIS contributions are further put at risk of this dismal administration.
If Marshall does not lead the resignation of the board, it merely confirms what I with no disrespect have thought of him since 2006.
Marshall = very intelligent, sophisticated, articulate, speaks about principles and acts with self-serving flexibility. Think back to the lead up to the last election and his role and behaviour as VOB moderator. The more things change, the more they remain the same.

The article speaks to the NIS analysts sending the board a set of options, it says nothing about the board.

we need to appreciate how the business people are thinking on this one. The private investors are most likely waiting for the project to collapse, go into receivership, and they can then come in and acquire prime assets at 20/30 cents on the dollar.

They have no interest in any rescue of the project and will oppose any such rescue. the question is, do the rest of us have an interest in the rescue of the project.

Business people are ideologically opposed to the bailout of other business people, they are quite happy to have their own bailout.

Governments in North America build and repair roads and bridges as a means of generating jobs.

Four Seasons is a job generating project that could directly employ 1000 people for the next two to three years.

Let us hope “and pray” that there is an economic recovery in Europe and North America by the time the project is completed.

@ Business man | November 27, 2011 at 9:59 PM |
“I wonder what robinson has done to miller?”
Nothing! Don’t know the academic fellow!

There is nothing wrong in serving the country in athe capacity of a political appointee. But when your academic training and values inculcated by academic discipline are in confrontation with political opportunism, expediency and sycophancy then there is a problem.
There is nothing wrong in principle with NIS financing the 4 C Seasons project. I have already given my support but under certain basic requirements being met. People who have a stake in the viability of the scheme have every right to question the process. On what information is such an investment decision is made? Who will be the contractors and consultants involved? Is the investment committee and the Board have a different position to that of the political directorate? This needs to be made clear. No one can gainsay the minister’s and by extension the cabinet’s authority to instruct the Board which investment decision to take. But let it be known that it is a policy decision made by the political directorate in their own right given by the electorate. Nothing absolutely wrong with that!
But let it be known also that this political decision is not based solely on business acumen and reliable financial information and sound strategic thinking. Where are the financials to provide the basis of this decision-making process?
This is our money and we require our basic right to information to be respected. Where is the transparency? And this position has nothing to any affiliation to B, D, P or N but only as the contributors’ right to question what is happening to their money over which there is no direct control but only an expectation that those who are put to manage these mandatory deductions from pay packets fulfill their fiduciary responsibility. Pray to God, we don’t want to see another CLICO.

Is this clear as crystal to you, business man? Strictly business here, no political hanky-panky!

I think Miller is on the right track, in that rather than just focusing on NIS saying yes or no, what is NIS saying yes or no to, and if they say yes under what conditions.

My information from looking at the IADB website is that the IADB is lending strictly for hotel construction. The IADB statement indicates that they beleive that completion of the hotel will serve to trigger stalled villa sales. To my understanding the residential or villa component of the project is being left purely to private investors. The IADBs should be able to insist on draw downs and other conditonalities to try to ensure funds go to hotel construction.

I think the hotel will have a very beneficial developmental impact on BIM and I can support the NIS helping the IADB provide a lifeline to the hotel under adequate safeguards. I would not support NIS funds being invested in the villa aspect of the project.

Miller/Alien
Irrespective of whether we lend or not is not what bothers me, the fact that the clouded way it was done and the pressure placed on an INDEPENDENT Com. to make a decision to satisfy them is where I draw the line. The Finance minister has the right to overturn the NIS decision but if it failed he would have to carry the blame,what will now happen is if it fails it clears the minister of accepting the blame. I remember, some years ago a minister instructing an officer in his dept to do something that he knew was wrong but would make the minister look good, when it backfired, the minister said the officer had the right to refuse. The same thing can happen with this loan.

Miller
I agree, so why put the Board under such pressure? It seems the minister and his government has already made the committment and from the fact that the Board has been brought to “court” to revise their decision means there is political interference. It also shows the government and the Finance minister is afraid of accepting the responsibility.