Submitted by Hamilton Hill
Pedro Stanford, Chairman of the Transport Board and Sandra Forde, GM

While listening to Sagicor’s Early Business Report on VOB some morning this past week I was startled by the news that the authorities in Jamaica had brought charges against three persons in that country for corruption. A business man, a police officer and a member of parliament–yes a sitting MP. According to the report this all came about through a traffic ticket, and a subsequent attempt to have it disappear. BARBADOS ARE YOU TAKING NOTE? This is what integrity legislation when enforced can do.

In an effort to breathe life into a transportation system that has long been a victim of political cronyism on both sides of the fence, government has again turned to its perennial cash cow better known as the NIS, and we who could very well end up on the short end of this deal have no voice as to whether or not it should be done. Why don’t we? The planks of protection embedded in Integrity Legislation are not in place. If there were this board would not have been made to operate in a climate where its failure is and has always been a foregone conclusion—where it pandered to its competition by way of the sale of its more lucrative routes, often times to friends and even family members of those in control of its very purse strings. Surely we can all remember the mini busses that covered the St.George area. Day and night they were packed to capacity, while the transport board’s were empty. For the most part they were owned by one person. One well connected person.

Through your mind’s eye take a look back into the past and see how both the Dems and the Bees used this board for political convenience. Superfluous positions were created just like they are at MTW and at NHC, without regard to their financial implications, and given to persons who saw themselves as untouchable based on their lineage; politically or otherwise.

Successive governments have been unable to stem the rising deficit – Source: 2006/2007 Financials

As cash strapped as this country is we are about to throw thirty million dollars to an institution that as presently constituted can find no way to make restitution, and there is not a damn thing we can do about it. No one cares for here is where some get to collect a salary for doing absolutely nothing. Here is where conflict of interest means having an outside woman along with a wife. The steering of a contract to a business to which you or wifey is connected goes by another name. “We Turn Now.” Here is where everyone knows that by its design, deficit is this board’s destiny, and the public is certainly not the beneficiary of what little it may offer. Here is where anything goes, for nothing happens. In Jamaica a traffic ticket can bring you down. Here is where if you screw us, we lift you up.

61 responses to “Politicians Laughing at WE – NIS Funds, Transport Board, a Matter of Integrity”

  1. millertheanunnaki Avatar
    millertheanunnaki

    David | August 27, 2012 at 10:31 AM |
    “We need to separate the politics from the process currently at play.”

    Now how do we do that? Isn’t Spencer’s position a political one similar to his country’s position on the funding of LIAT? We don’t mind having the benefits but don’t expect money from the financially embarrassed Antiguan government. Presumably the Stanford fallout has left bitter memories which he would like to see the others experienced in a CLICO Caribbean style.

    Who then should push the process further to resolve this financial embarrassment, if not the political leaders whose hands are dirty by association and illegal benefaction? The aggrieved policyholders through a judicial system operating in a quagmire of inertia, incompetence and incestuous political dealings?


  2. David | August 27, 2012 at 12:36 AM |

    Another thing we do well is when a new minister takes over at MTW he makes a beeline to Brazil to checkout the factory. Now why does a minister have to get involved in visiting a bus assemble factory?
    …………………………………………………………………………………….
    And to be quite honest they haven’t got a clue what they are looking for or at,making it easy for the sales people to pull the wool over their eyes like, the King and the invisible suit.
    But having visited Copacabana and Ipanema, the minister’s visit is more likely to check out the bust assemblies there.
    …………………………………………………………………………………………
    @Miller………
    “the time is right to merge the Licensing Authority with the Transport Authority”.
    I hate harping back to the past, but I can recall in the 1960’s early 1970’s when MTW had a staff of Public Service Vehicle Inspectors,who were stationed in the Fairchild Street bus stand, and oversaw the operations of all buses in the terminal. These inspectors could also be seen occasionally out on the various routes. And I am not referring to Bus Inspectors (Spies) employed by the various bus companies.
    The Transport Authority should never have been allowed to come into existence .An abortion now ,would not be too late.


  3. After reading Barbados Today, I am convinced that PM Stuart displays a strong naivete and absurdities that are truly the hallmarks of a man bent on supervision and not leadership. For some strange reason, Stuart’s chorus is riddled with unconcern, no interest, did not see, have not read, will not comment, silence, and all other lyrical content that speaks to procrastination and vision-less caution. PM Stuart, I am a strong critic of yours because you made it that way, not because I am a member of the main opposing party. Your behaviour to my mind is a dereliction of duty and I am sure that Barbadians will make you pay for your incapacity to lead.

  4. Frustrated businessman Avatar
    Frustrated businessman

    At Miller; I understand economies of scale very well and I agree with you in theory; I have visited Korea and seen what a bus system should be. However, Caribbean people are a different breed and we have proven our ineptitude at operating in packs. The consortium you suggest might work somewhere else but not here. The private minibus owners have proven efficient, even though our policing of them could be much better. At the end of the day the purpose of gov’t is to legislate, regulate, facilitate; not operate. Put the routes out to tender and disband the board, it would be the beginning of a waterfall of privatisation. Could we even give away CBC?

  5. millertheanunnaki Avatar
    millertheanunnaki

    @ Frustrated businessman | August 28, 2012 at 9:01 AM |

    Your point is well taken. It’s a pity that the culture of indiscipline on our roads would disappointingly militate against this golden opportunity of giving the so-called small black man the chance to be ‘entrepreneurs’ and be self -employed instead of relying on the government.

    Don’t worry, that financial quicksand known as the “Culturally Bastardized Corporation aka CBC is ripe for the taking and is high on the list of State divestments even if it has to been snatched away like a child’s toy from the crying hands of the petty-minded narcissistic politicians.


  6. miller; Don’t worry, that financial quicksand known as the “Culturally Bastardized Corporation aka CBC is ripe for the taking and is high on the list of State divestments even if it has to been snatched away like a child’s toy from the crying hands of the petty-minded narcissistic politicians.

    ac
    not going to happen this “bastatardized corporation” is the only propaganda machnine government have in times of peace or in times of war.


  7. @Frustrated businessman | August 28, 2012 at 9:01 AM | ”Put the routes out to tender and disband the board, it would be the beginning of a waterfall of privatisation. Could we even give away CBC?”

    ————-

    Well said, I have come to the conclusion that is the only way to go also.

    As for CBC, we Barbados could earn useful tax dollars (x percent of revenues) from licseing by selling the corporation. However, our politicians are obviously afraid of losing control of the state media.

    I ask, is this Siberia or a ‘free democracy’, that they are so afraid of giving out television licenses?

    Free market, if it works, it will survive.

    That said, they should allow multiple licenses. Else we will have a situation akin to the Cable & Wireless / Digicel strangehold on the airwaves also.

  8. millertheanunnaki Avatar
    millertheanunnaki

    @ ac | August 29, 2012 at 5:34 AM |
    “not going to happen this “bastatardized corporation” is the only propaganda machine government have in times of peace or in times of war.”

    Which war is this? War of words between DLP & BLP politicians over the control of naive minds of people like you?
    Well, ac, we have news for you. Either give up the expensive propaganda mouth organ or it will be taken away by the IMF Pied piper whose word is his bond. Either stop the taxpayers’ haemorrhage called CBC or pay more for your garbage collection services and medication. It’s your choice. Either cultural penetration by American crappy entertainment or run the risks to people’s health- both public and private.


  9. Wuh miller seems like you out of de loop on this one wasn,t it a few weeks ago that some of the natives was talking about civil disobedience among the disgruntled masses.thatwas quelch but the possibilty of such happening is real is no government is going to abandon its ony source to feed its propaganda in favour of nothing


  10. A.M. Best Places Ratings of Sagicor Financial Corp. & Its Subsidiaries Under Review; Downgrades Ratings of Sagicor Life Jamaica

    OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Sagicor Life Inc., Sagicor Capital Life Insurance Company Limited (both domiciled in St. Michael, Barbados), Sagicor General Insurance Inc. (Sagicor General) (Bridgetown, Barbados) and Sagicor Life Insurance Company (Sagicor Life USA) (Austin, TX). Additionally, A.M. Best has downgraded the FSR to B+ (Good) from B++ (Good) and ICR to “bbb-” from “bbb” of Sagicor Life Jamaica Limited (SLJ) (Kingston, Jamaica) and placed the ratings under review with negative implications.

    Concurrently, A.M. Best has placed under review with negative implications the ICR of “bbb-” and debt rating of “bbb” on $150 million, 7.5% senior unsecured notes due 2016 of the ultimate parent, Sagicor Financial Corporation (SFC) (Barbados). SFC is publicly traded on Barbados, Trinidad and London stock exchanges.

    The under review status follows the announcement of a debt exchange program by the Government of Jamaica, which A.M. Best notes is the second such program in three years. Under the program, eligible investors would receive new notes that have lower coupons and longer maturities. Given SFC’s exposure to the business and financial risks of Jamaica through its controlling interest in SLJ, the ratings of SFC and its subsidiaries have been placed under review with negative implications.

    The downgrading of the ratings of SLJ reflects its sizeable exposure to the Jamaican government securities, as well as the ongoing pressures of the weak Jamaican economy. A.M. Best expects that the bond exchange will have a negative impact on SLJ’s risk-adjusted capital and earnings position.

    BARBADIANS WITH EXCESSIVE FUNDS IN SAGICOR NEED TO TAKE NOTE BEFORE IT BECOMES ANOTHER CLICO, AS WE TEND TO IGNORE WARNING SIGNALS. WORD IS THERE MAY BE CASH FLOW IISSUES AT THE LOCAL COMPANY REQUIRING MANAGEMENT TO TAKE DRASTIC ACTION TO RESOLVE.

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