Radio
I should have included ..its the gravity of the situations which Moody would have looked at…
ps.
My onion bags are not musty….but rather fresh …. and a new article would be welcomed by David…….”Why is Freundel postponing the inevitable? “

@ onion,
You have more excuses than a little boy caught redhanded in his neighbour’s tree stealing dunks. Germany has been downgraded. So-called econmists and Owen Arthur lapdogs Straughan and Lorde were on VOB on Sunday praying fervently for Moody’s to downgrade Barbados. Well Moody’s put a lash on economic power house Germany first. Under no circumstances should a political party and its cohorts who are happy and praying for the worse for our beloved island should be voted into power. I’m talking about your party the BLP. Tell them keep another meeting in Black Rock and explain to the people why Moody’s downgrade Germany to a point near junk status. NO to the BLP.

@ Enuff
Sadly them all HELL will break loose….

@ Radio
Can the food in Germany be compared to the food in Barbados? Can the gasoline? Can the air? ….so why do you find it hard to see there will be DIFFERENCES?….
Just as a down grade to nearly Junk ..is different to Junk.. A BIG DIFFERENCE….

you know it really sicken me to hear these DLP lap dog talking so much shite. so you get a downgrade from stable to negative. we are now JUNK!!! if we had gotten a downgrade from stable to negative without going to JUNK we would of cool but the fact is that investors can still invest in all those countries that went from stable to negative. what they CAN’T do is invest in JUNK.

get that in wanna DLP dumb ass heads. that is what it means for Barbados you asses.

Whether Moody’s & S&P downgrade Germany is only partially relevant to our actions towards the recession.

All those agencies are doing is confirming the declining fundamentals of the European economies. That is what we expected after all.

That does not change the fact that we need to act to enable structural changes to produce more locally and create incentives for both local production and incentives to buy local, especially obvious areas like food and clothing.

That is the relevant bit for us…our actions hence.

Nor does it change the fact that the current administration has been stubborn in its approach, playing the ‘waiting game’, a game which can only wait for the Euro to implode.

A good captain reads the field, changes the strategy, under changing conditions.

That is the relevant bit, for those interested in the potential outcome of the coming elections……what actions or not have been taken thus far.

In summary, the elections are, as much as one can expect, a foregone conclusion. The increasing volatility of the economic storm, is an expected conclusion. Our fate, resulting from that, is dependent upon our actions now to balance the winds, and hence, conclusion to be decided.

Only the Almighty knows (don’t mind the Bushman who claims that he does too…!!).

@ ac BEFORE YOU HELP A FELLA…decide on a date…..you too in denial…what so big about losing an elections anyway….that a real man cannot accept?…..” It will be a fight of his life” …That is so lame Stuart..knowing your ass will be GRASS…

@ac | July 24, 2012 at 8:05 PM | @@ Crusoe Sounds like a swan taking its last breath. have you given up.
———–

I dunno ac. I tired of all the BS, selfishness, greed and sheer ignorance, every man looking fuh heslef, and that includes voters.

Looking more and more like we gotta carry this here ‘cyper Parliament’ to the voters….

But that would involve getting Yardbrrom to duss off the suit, Bushie to get out de shirtjack, David to push he attenshun tuh writing speeches and learning the Parliamentary rules, BAF tuh leff he bidness, Moneybrain tuh leff he big pick, AC tuh tell she hubby dat she got nuff work tuh do, Sargeant and Onions tuh put retiration pun hold and lil poor Crusoe tuh tax de lil brain e got and gain more grey hairs.

Too besides, I aint tuh sure I got de constitutionality tuh deal wid that guvment stuff. Tuh busy and tired.

So, whuh tuh do, nuh?

As Bushie going say, let de Almighty deal wid it, or he BBE’s.

“Chancellor Angela Merkel’s government said Germany will remain Europe’s haven during the financial crisis, pushing back against Moody’s Investors Service’s decision to lower the outlook on the country’s top credit rating.

The risks in the eurozone are “not new” and Germany remains “in a very sound economic and financial situation,” the Finance Ministry said. In counterpoint to Moody’s, it cited the verdict of financial markets that have rewarded Germany with record low borrowing costs.
Germany will, through solid economic and financial policy, defend its ‘safe haven’ status

“Germany will, through solid economic and financial policy, defend its ‘safe haven’ status and continue to responsibly maintain its anchor role in the eurozone,” the Berlin-based ministry said in an e-mailed statement. “Together with its partners, it will do everything to overcome the sovereign debt crisis as rapidly as possible.”

Euro-area bonds fell today after Moody’s lowered the outlook to negative for the Aaa credit ratings of Germany, the Netherlands and Luxembourg. Moody’s cited “rising uncertainty” over Europe’s debt crisis. It left Finland as the only country in the 17-nation euro region with a stable outlook for its top ranking.”

Out of the 17 nation euro region Finland is the only country with a stable outlook.

17 huge, powerful nations, in Euro zone and only one is stable.

Maybe those countries need the services of Seethru and corrupt BLP?

What say you, onions?

2011 Stats
Unemployment: Barbados 11.8% Germany 6.1%
GDP: Barbados 0.5% Germany 3.6%
Inflation: Barbados 9.4% Germany 2.2%
Investment grade: Barbados ‘junk’ Germany Aaa

What you really trying to say?

Scout

Do you think we open branches of the Barbados Labour Party in the 16 euro countries not doing so well?

Do you think Seethru would do wonders in europe and “restore and rebuild?

Just asking.

Aarson

I think Mr.S needs to cut you loose… and let you retire …cuz all that wasted space you took up on BU…..substantiates one and only one point…”it is sometimes better for a novice to keep his mouth closed on issues he knows nothing about …than to open it and deliver what was always touted ” At least He Haw….the calypsoian would be proud.

For the last time ..the two situations are not comparable..

Good night Carson.

@ millertheanunnaki | July 24, 2012 at 9:11 PM |
@Crusoe | July 24, 2012 at 8:46 PM |
“So, whuh tuh do, nuh?”Start a World war with Syria/ Iran/Lebanon/Israel being the flash point and nexus. Then all European debts would be wiped off the books.

—————–

Yeah, plus it would be the ‘cull’, all the unfortunate people sent to fight while the wealthy and powerful play in ballrooms. Frightening indeed what some would do but the likes of you and I would shudder at.

Oh, and they WOULD do it.

Any feedback on the picture of Prime Minister Stuart on page 18A of today’s Nation newspaper? It is reminiscent of the picture taken by the Nation of the then ‘just resigned Owen Arthur’ after election defeat in 2008.

@ Enuff | July 25, 2012 at 11:43 AM |

Tell us that we are wrong.
Is this an extract from the DLP administration 2009 Budget presentation?
If so, it only goes to show what a bunch of hypocrites and incompetents the present administration is made up of.
Are these the same people who are currently vilifying and dismissing the rating agencies and local people who speak out? How come there were concerned about the ratings then but don’t give two hoots now the downgrade is to junk?
We just can’t have such dishonest incompetent people running the affairs of out country!

http://centralbank.org.bb/WEBCBB.nsf/WorkingPapers/1376E908B40C1BC3042577F2005E7CDA/$FILE/5.%20Estimating%20a%20Sustainable%20Public%20Debt%20Level%20for%20Barbados.pdf

Who is this political dinosaur name Rawle on VoB talking shiite?

S H O I T E E E E E E E fa trute…..a glutton fa excrete a la mode

SEC, Department of Justice investigating S&P
(AP) – 5 hours ago
NEW YORK (AP) —

Regulators are investigating Standard & Poor’s over some of its ratings, according to a regulatory filing by the S&P’s parent company.

The McGraw-Hill Companies Inc., which owns the S&P ratings agency, says the Department of Justice and the Securities and Exchange Commission are investigating whether the S&P broke federal laws when rating certain investments.
McGraw-Hill says the accusations are unfounded and that it will vigorously defend itself.

The company didn’t give details, and analysts didn’t ask about the investigation in a conference call about McGraw-Hill’s second-quarter earnings. But ratings agencies like S&P have been accused of giving improperly high ratings to some investments made of mortgage loans that had been packaged together and sold to investors, helping fuel the financial crisis.

Last September, the SEC told the ratings agency it was considering filing a charge over S&P’s ratings on a particular investment offering from 2007, just before the meltdown in the housing market imploded.
McGraw-Hill disclosed the latest development about the Justice Department in a regulatory filing related to second-quarter earnings. Investors were unfazed: Shares rose almost 3 percent in afternoon trading, climbing $1.29 to $46.28.
McGraw-Hill is in the midst of splitting into two companies, McGraw-Hill Financial and McGraw-Hill Education. The financial company will include the S&P ratings agency, the Platts energy analysis unit, the J.D. Power rankings and the S&P Capital IQ research arm. The education division includes tests and other materials for schools and colleges.

Revenue in the financial unit rose 5 percent, but revenue in the education unit fell 12 percent. The company blamed state budgets slashing funding for textbooks.

Overall, McGraw-Hill revenue fell 1 percent to $1.55 billion, below the $1.59 billion predicted by analysts polled by FactSet.

But cost cutting helped boost net income by 2 percent to $216 million, or 76 cents per share, from $211 million, or 68 cents per share.

After excluding one-time charges, mostly related to money the company is spending to prepare for its split, per-share earnings were 85 cents. That was higher than the 76 cents predicted by analysts.

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