The Cost to the Country of DLP Garbage
Submitted by Beresford
Mia Mottley, Opposition Leader
Barbados is now in its most absurd position, of having to pay a much greater price for the garbage out of the mouth of its Prime Minister and DLP government than dealing with the literal garbage that is a plague on the nation.
At the bullseye of the economic disaster everyone and his mother has warned about with yet another downgrade, the words of Stuart, Sinckler, the Governor of the Central Bank and the apologists for incompetence and financial mismanagement on a level unimaginable are particularly haunting.
Recall the words of Stuart in June 2014, when Moody’s issued a three-notch downgrade from Ba3 to B3.
In what is now the media’s favourite phrase, in “rubbishing” the stunning lack of confidence in the DLP’s economic management, Stuart declared: “What they say is only relevant if we want to embark on an orgy of foreign borrowing in which people should know how much we should have to borrow, how much our money should cost.
“But if we are not intending in the short or medium term to go to the capital markets to borrow money, what they say has as much value as what you see in any garbage dump collected by the Sanitation Services Authority.”
Incidentally, the funny thing was that at the same time as the Moody’s announcement, Government was about to debate an amendment raising borrowing limit from Bds$1.5 billion to 2.5 billion.
The six plus downgrades from Moody’s, Standard and Poor’s and CARChris has moved Barbados from solid B in 2009 to now Caa1.
With each downgrade, the DLP’s posturing is exposed. Spiralling debt, Central Bank borrowings and the gap between DLP promises and reality are consistently referenced with comments such as “economic fundamentals weak,” “structural shortcomings” “lack of competitiveness” and economic performance “below expectations” and “low growth, high debt, and large fiscal deficit.”
With each, Barbados falls further down the greasy pole in terms of attracting investments while paying higher costs for borrowings and making it much more difficult to borrow internationally. The already excessive terms of the Credit Suisse loan will now attract higher interest payments.
With each, the spectre looms of the dreaded Ds – default and devaluation.
The time bomb is the Government’s behaviour in all of this. Like a spoilt and petulant child who believes it is always right, regardless of the evidence to the contrary, and blames everything and everyone for its illogical actions, including the circumstances of its birth, the DLP steadfastly refuses to accept the facts of fundamental flaws in its mishandling of Barbados.
Previously, we have been treated in this theatre of the bizarre to comments in response from Sinckler et al such as “highly negative conclusions,” “unfair,” “illogical” “drastic.”
From the matchless Stuart, after the 2014 S&P downgrade and a threat from Sagicor to move its headquarters as its rating and borrowing costs were being affected by Barbados’ downgrades, a declaration of such a move as “not a loss of confidence.”
And this gem, after a warning about possible devaluation in the face of continuing high debt which he dismissed, “this will serve neither as a deterrent nor a discouragement to that small coterie of alarmists who continue to believe in economic witchcraft and are therefore preoccupied with, and intrigued by, this brand of necromancy.”
Of note, too, the latest downgrade, like others before it, comes right after the DLP indulges in one of its regular parades of fantasy – this time after the Estimates.
In that debate, Sinckler, supported by all, maintained the fallacy that the economy is getting better, that projects are on their way, that the reserves are well and the rest of the figments of his fertile imagination.
Clearly, the more in denial of reality the DLP becomes entrench, and the more arrogant its response to the announcements of downgrades, as they rubbish Moody’s and S&P, the more the economic garbage piles up, the more rancid it becomes, the less the DLP’s willingness – not ability, that boat sailed long ago – to deal with it.
There is no covering up the junk of 0.5 per cent growth. In reality, no growth. The fall in the reserves to $500 million despite borrowings and especially lower foreign exchange spending as a result of the lowest oil prices in years. The lack of economic traction despite a rise in tourism arrivals. The 180 per cent to GDP debt ratio. The non-stop printing of money and borrowing from the NIS. No investment to speak of. You must know you have a problem when, for the first time, real estate prices are falling.
Even at this stage, the denials and lashing out continues. Charlie Skeete did say we are not behaving like adults. There has been no squeak from Stuart or Sinckler or Worrell about the latest downgrade. But out trots some faceless DLP yardfowl “official” to speak more rubbish.
Once more, the downgrade is “illogical”. And the only balance sheet the DLP is interested in is “the social balance sheet.”
The social balance sheet that under the DLP is littered with frightening rising poverty. Escalating crime. Rising unemployment. Hopeless youth, the majority of whom have ‘done the right thing’ and left forgotten with one, two and three degrees and many other qualifications. A QEH and health service that is a mess.
The so-called DLP “official” operative resorts to calling our candidate for Christ Church East Central, Ryan Straughn, a “Junior Opposition Spokesman.”
We take the compliment. For the “junior” is a highly respected economist who makes his living on the strength of his performance as a private practitioner and not as a failure merely appointed to a position without qualifications and getting a fat salary; and more pointedly, whose comments now and over the years are in line with Barbados’ reality and not failed projections.
The BLP will take Straughn any day over Sinckler, Jepter Ince, Central Bank Governor Worrell. In fact, over all of the DLP put together.
As for the “typical criticize everything disease plaguing the Opposition” the BLP will remain steadfast in its role to hold the DLP to account for its myriad foolishness and to alert the public to its arrogance and shenanigans.
We are reaffirmed by the gains our resolve have brought to Barbadians whether the abandonment of the solid waste tax or the exposure of Cahill. Most of all, the BLP will remain informed by the harsh, unfortunate reality of Barbados and the truth of our actions.
The failure of another plasma gasification plant may luckily put paid to the rubbish that is Cahill.
Time will also put paid to the rubbish emanating from the mouths of the DLP. Hopefully, Barbados will be more than just junk.
HAPPENING THIS SUNDAY, APRIL 10, 2016
The St Michael Central branch of the Barbados Labour Party (BLP) will meet on Sunday, April 10, 2016 to nominate its candidate for the next general election.
Barbados Underground 
And tomorrow in Parliament if or when the no confidence vote is tabled. The burning question to Mia would be that of her to show proof by evidence of how the stability of barbados was impacted negatively by Cahill proposals to govt.
How have the Moodys downgraded impacted negatively in barbados acquring investors investment in Sandals sam lords Castle and further investment in the hotel industry by outsider interest
Moreover govt would point out to her that she had displayed a negative role in displaying a sense of huberance and entitlement foregoing the countries and peoples interest.
Reason being that some of these projects which she heavily criticised were all by themselves purposed with both peoples and countries interest at heart solely relying on jobs for the people and savings for the country
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@ AC
“…And professor brassbowl what are you solutions(?)”
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Told you already….
1….Froon to come clean with the people ..and admit incompetence
2….Call elections ASAP
3…..Dissolve all shiite political parties and make all candidates run as independents…
4…..Support Caswell, Jeff, Walter and other talented Bajans to run the damn place
5…..Prepare for a long HARD road back to sanity…
…and finally,
Keep you (AC) in Jenkins where your donkey belongs…
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Lol
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“How has the Moody’s downgraded impacted negatively in Barbados acquiring investor’s investment in Sandals Sam Lords Castle…….”
Butch Stewart’s investment in Barbados was not based on investor confidence, but on the 40 years of tax free concession this DLP administration offered to lure him in bringing the Sandals brand here.
Any investor that has been exempted, for the next 25 years, from paying all import duties, taxes including VAT, imposts and levies of any nature whatsoever on:
1) the importation or local purchase on all capital goods needed for the equipping, operation and promotion of the hotel, as well as on all food and beverages;
2) consumables for the operation of the Hotel, including but not limited to operating supplies, soft furnishings, printed materials, guest supplies, spa supplies, paper, stationery, books and spare parts for equipment;
3) all vehicles required for the operation of the Hotel including vehicles assigned to senior managers;
4) all import duties taxes, imposts and levies of any nature whatsoever on personal and household effects and vehicles for staff who are contracted to work in Barbados and are not citizens or permanent residents of Barbados;
does not have anything to lose, since his construction costs will be significantly under current market value and his operating expenses much lower than what pertains under ordinary circumstances.
As it relates to Sam Lord’s Castle, this DLP administration purchased that property, borrowed money to destroy and subsequently rebuild it, then to give the property to foreigners to manage and operate. Surely even a yard-fowl must agree that these activities will result in a “no case submission” if anyone seeks to introduce investor confidence in this scenario.
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It appears the P.M is only the DLP members’ P.M. Whenever he has a statement to make, he only addresses one of his DLP branches either here in Barbados or in USA or Canada. Even the celebrations for our 50th Independence. only DLP yardfowls are being invited to any functions. We must stop being so small minded. Incidentally, the Sam Lord’s project, just like the new sugar factory and the new bus terminal has only been cleared for months now but no work done. DLP stop fooling the people.
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@onlooker
agreed. though I can only speak for Canada.
“He said the measures that are being asked can devastate our social environment at the high cost of bringing down the deficit”
The question is….with a projected deficit of $1.4B, one must borrow to support that shortfall? So where are the funds to support this shortfall coming from?
I know. You can forego payments to the NIS, and even swap out any annual NIS surplus, but we are still short? We still need some loans.
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@NorthernObserver
Good observation, the deficit obviously has to be financed by borrowing. This reality conflicts with Stuart’s attempt to reassure Barbadians that the Moody’s rating is a debt rating and not an indictment on the country. A Non Sequitur?
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The president of Brazil is being impeached for manipulating gov’t accounts to conceal public debt.
Imagine if we could…………………….
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Forget that thought Frustrated B
…we do not have the prison space….
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No smart investor would plant seeds on barren land no matter how much free land or seeds given
The fact being that with forty years of concessions the investor would have had to measure the benefits against the connecting risk of mitagating factors past or present.It is obvious that the investor was fully satisfied and confident that he was planting seeds on fertile ground which would in time produce a bountiful harvest
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What does the prime minister mean when he states there are elements who do not understand the biometrics initiative of government? By his own admission the government has pullback to engage in a PR/education program. Is there any surprise then that the public does not understand?
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@ David
What does the prime minister mean when he states there are elements who do not understand the biometrics initiative of government?
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Ease up on the fella D…..
He most likely meant himself….
Why else would he have asserted it was on…
…only to have someone junior come and explain that it was on hold…?
Why else would Come-and-sing-along need to come and explain to him how things need to be done in the HoA?
Froon is the “element who do not understand” one shiite….
He seems to be admitting incompetence at last..
Perhaps the next step of immediate elections is next…
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Biometrics?
So now the Fool is using words to describe gov’t inefficiency and ministerial mis-management and ineptitude that he doesn’t understand?
We don’t need to statistically measure the empty shirts running this country, we need to whip them into action!
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Please post a link to parliament radio or TV, I can’t seem to get through on their main page.
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ac April 12, 2016 at 8:04 AM #
No smart investor would plant seeds on barren land no matter how much free land or seeds given
The fact being that with forty years of concessions the investor would have had to measure the benefits against the connecting risk of mitagating factors past or present.It is obvious that the investor was fully satisfied and confident that he was planting seeds on fertile ground which would in time produce a bountiful harvest
And in the case of Butch he is now truly fukked. He believed Fumble’s facilitation BS and now is stuck halfway into Bajan civil service purgatory. No way to move forward through our gov’t and snivel service idiots and no way to get back out with his cash.
What a crowd of clueless asshats you lot really are.
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“The fact being that with forty years of concessions the investor would have had to measure the benefits against the connecting risk of mitagating factors past or present.”
What exactly does the above comment mean?
Let’s examine the phrase that actually makes some sense, re: “the investor would have had to measure the benefits…..”
As one who likes to write about “fact,” “truth” and “evidence,” how do you know for a “fact” and where is the evidence to support that Stewart “measured the benefits?” If you can’t, then you are “propagating a hypothesis using a conclusion of which you are not privilege to be aware.”
As usual, your contributions are composed of metaphors and meaningless, generalized statements.
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@Artax April 11, 2016 at 11:27 PM #
…..As it relates to Sam Lord’s Castle, this DLP administration purchased that property, borrowed money to destroy and subsequently rebuild it, then to give the property to foreigners to manage and operate……….
purchased that property – with borrowed money? how much? from whom – NIS?
borrowed money from China to destroy and subsequently rebuild it using 60% Chinese labour
give the property to foreigners to manage and operate – what are terms of Wyndham contract? was the management contract tendered or awarded to the foreigners with the deepest pockets
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Investment borrowing is a fiscal strategy used all over the world to generate cash flow ! build economies and generate growth. This strategy is nothing new.Except now that this govt has explored with dilligence the possibilities of those projects being sustainable with significant long term benefits ..the blp now finds it politically opportunistic to wage war against all the ongoing or perspective projects by present govt. one must also bear in mind that the past admininstration also found it necessary to pursue the same strategy to help build the nations economy although because of proper planning and due dilligence some of them failed or never got started.
How sad it is that this hue and cry being sent by the blp might eventually do more harm than good to help the country fiscal survival
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“Investment borrowing is a fiscal strategy used all over the world to generate cash flow! build economies and generate growth.”
You cannot seriously compare the Barbados economy with that of international economies, the variables are different. Phrases such as “economies of scale” and “the crowding out effect” immediately come to mind. Borrowing to invest can have serious implications for countries with small open economies and no natural resources.
You should bear in mind that government has been running a high deficit for a number of years, caused by a decrease in tax revenue, (despite an increase in current taxes and addition of new taxes) and an increase in government expenditure.
Recall government had also recently engaged in the selling of bonds and treasury bills to finance the deficit, which will ultimately increase the national debt with a corresponding high opportunity cost, because future generations will be required to pay higher taxes.
Taking the consecutive credit rating downgrades and an increase in borrowing into consideration, government will have to pay higher interest rate payments to bond holders. And in an environment where government’s ability to repay comes into question, borrowing more money/issuing bonds will cause the interest rates to increase as well. Also, recall the CBB relinquished its control of determining interest rates. Hence, issuing more bonds will see an increase in interest rates so as to attract potential investors to buy the extra debt.
An increase in government interest rates will see a corresponding increase in other interest rates in the economy (except on savings), and a reduction in spending and investment (i.e. financial crowding out).
In other words, government selling bonds to the private sector decreases that sector’s ability to spend and invest. Although government spending increases, investment decreases; hence, a lack of economic growth.
It is a known fact that the deficit is also being financed through ‘monetisation’. i.e. CBB creating money. This creation of money creates inflation, reduces the value of exchange rate and makes foreign investors unwilling to hold government debt.
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No i am not at all comparing barbados economy to larger economies .however i referenced investment strategies as a normal and effective way to reduce debt .create growth.and have been proven to sustain and maintain economies
There is nothing wrong in comparing any workable fiscal that has proven to work to other nations small or large who finds the strategy to be of benefit
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Another secret deal with tax concessions which Mia can add to the list:
htpp://www.stabroeknews.com2016/news/stories/04/12/indian-businessman-says-bought-barbados-tridents-100-dollars
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The bottomline is that Barbados has to grow the economy however it does not have a healthy credit rating to borrow or the fiscal space to be aggressive with development type projects. It does not look good.
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Erratum
http:www.stabroeknews.com/2016/news/stories/04/12/indian-businessman-says-bought-barbados-tridents-100-dollars
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http://www.stabroeknews.com/2016/news/stories/04/12/indian-businessman-says-bought-barbados-tridents-100-dollars
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@ David April 12, 2016 at 8:12 AM #
What does the prime minister mean when he states there are elements who do not understand the biometrics initiative of government? By his own admission the government has pullback to engage in a PR/education program. Is there any surprise then that the public does not understand?
…………………………………………….
When we on BU criticise this DLP government, their supporters say we always disrespecting the PM………………………
After listening to excerpts from the BS he spouted to a few DLP loyals on Sunday, I was appalled that a PM could be so arrogant, condescending and on top of that insulting people’s intelligence.
After all the opposition and the outcry to the finger printing fiasco……..lawyers filing papers to challenge the constitutionality of it and the PM himself saying in Parliament that it will go ahead whether we like it or not……….the lying moron who thinks we are idiots now said on Sunday that the finger printing will not be for every Barbadian, people would be targeted for finger printing if they look suspicious………….
Well………… he and his cabinet should be the first ones to be finger printed, we are suspicious of how quickly they have amassed so much wealth!
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Yes agree the bottom line is growth , Question How and where does the private sector fits into the ‘Growrh plan of an economy ?
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@ Artax April 12, 2016 at 2:12 PM #
“Taking the consecutive credit rating downgrades and an increase in borrowing into consideration, government will have to pay higher interest rate payments to bond holders. And in an environment where government’s ability to repay comes into question, borrowing more money/issuing bonds will cause the interest rates to increase as well. Also, recall the CBB relinquished its control of determining interest rates. Hence, issuing more bonds will see an increase in interest rates so as to attract potential investors to buy the extra debt.”
……………………………………………..
Remember these dems never got off the high of being elected after sitting for 14 years on opposition benches…………
Remember that from the time the downgrades begaon, they did not take them seriously…………..
Remember the stupid PM said something about the downgrade being like the trash the garbage truck takes away…………………
Remember idiot Kellman saying that as long as the NIS has money, they have no problems….
Remember they boasted that under OSA, there was a downgrade?
So none of us are surprised that the downgrades continue because these hard ears people would not take advice………
We give them ideas and solutions but instead they call us doom and gloomers ……………..
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Frustrated Businessman aka Republic my ass. April 12, 2016 at 9:25 AM #
And in the case of Butch he is now truly fukked. He believed Fumble’s facilitation BS and now is stuck halfway into Bajan civil service purgatory. No way to move forward through our gov’t and snivel service idiots and no way to get back out with his cash.
what a bunch of bladerdash.. you got to kidding .. Mr, Stewart did not become an investor two years ago, The man is a marketing genius , NO way would he put both feet in the water without testing the temperature first,
Succes after Success and now you want the public to believe that Butch Stewart finally got caught in a ducks guts
Well i have heard a lot of shite but your butch stewart analogy takes the cake
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Artax April 12, 2016 at 9:56 AM #
As one who likes to write about “fact,” “truth” and “evidence,” how do you know for a “fact” and where is the evidence to support that Stewart “measured the benefits?” If you can’t, then you are “propagating a hypothesis using a conclusion of which you are not privilege to be aware
My awareness lies in the fact of no supportive evidence of Sandals failures concluded by powerful evidence to support his successes.in the hotel industry
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If the man is such a genius, why did you morons have to give away every possible concession to him so that he would have a free highway to drive on at the expense of all the other players who to this day are yet to get an once of what you incompetent people gave to Stewart?
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“The bottomline is that Barbados has to grow the economy however it does not have a healthy credit rating to borrow or the fiscal space to be aggressive with development type projects. It does not look good.”
@ David
In a “nut shell” and without the “technical economic rhetoric,” you are absolutely correct.
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“however i referenced investment strategies as a normal and effective way to reduce debt, create growth and have been proven to sustain and maintain economies……”
Your above comment is incorrect. I suspect you are confusing yourself by constantly interchanging the terms “fiscal deficit” and “national debt.”
Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have increased in Caribbean especially during the period of the protracted economic downturn.
The deficit is measured by the gap between government revenue and expenditure. If the government expenditure is more than revenue, it results in a budget/fiscal deficit. On the other hand, government/national debt is measured by the total amount of money government owes its creditors.
Obviously, in this current economic environment, government investment must be financed by borrowing, either from financial institutions or the private sector. This would increase the national debt and affect economic growth.
According to “Frustrated Businessman,” “the purpose of gov’t is to legislate, regulate and facilitate, not operate.” I agree with him 100%. We have seen time and time again that government investing in capital projects incur cost overruns and schedule slippages, as well as being misallocated by politics.
In other words, government investing in hotels, for example, though it may provide employment and some economic activity, is an unproductive venture; GEMS of Barbados is adequate proof. Productivity and profits seem to be taboo in state owned agencies.
Hence, in the absence of “turn over” of profits to facilitate operation, government would have to continually borrow money to subsidize (which increases the debt) or close the venture and retrench employees. Obviously, they would have to borrow to settle severance payments and finance other social implications as a result.
Unfortunately, private sector investments are mismanaged by the bureaucracy. And as such, government should create an environment to encourage private sector investment (i.e. business facilitation process takes too long).
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http://www.jamaicaobserver.com/tools/cartoons/ed-cartoon-Apr-12-2016
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Re-structuring in action…Sweetening its restructuring proposal, Puerto Rico has outlined a plan that would reduce $49.3B of its total debt to between $32.6B-$37.4B by exchanging existing bonds for two new types of classes. The option would give holders of the island’s general obligation bonds $0.74 on the dollar – up from $0.72 previously, while other debt holders would receive less. Puerto Rico’s Government Development Bank risks defaulting on $422M in debt payments due May 1, and the island must repay $2B in July.
Re-structuring is a nice word for getting financially screwed.
As developing countries continue to face strong economic headwinds, demand for lending from the World Bank has risen to levels never seen outside a financial crisis,” the global lender said in a statement. Lending is now on track to climb to more than $150B in support between 2013 and the current fiscal year. The World Bank forecasts global economic growth to reach 2.9% in 2016, but notes that “conditions have generally deteriorated further since the start of the year.”
Another follow-up for the movie the Big Short
More mortgage settlements… Goldman Sachs (NYSE:GS) has agreed to pay $5B to settle federal and state investigations into its sale of MBSs prior to the financial crisis. A chunk of the money will go toward consumer relief, but most of it will land in several of the government’s favored housing-related programs. The DOJ has reached settlements with five other major financial institutions since 2012: JPMorgan Chase (NYSE:JPM) for $13B, BofA (NYSE:BAC) for $16.6B, Citigroup (NYSE:C) for $7B, and Morgan Stanley (NYSE:MS) for $3.2B
Still no personal arrests, they cannot seem to find a case against any individual. they are paying huge sums without any guilt admission, the problems were beyond their control.
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But back to the one person who might be hailed in the coming election as THE QUEEN Or KING OF NO CONFIDENCE VOTES.. What is she thinking with these so called trump up charges being brought against govt a shady reminder of the Agard charges,
Mia seems to be cracking up or desperately in need of a truth serum overhaul .
The fact being that issues such as water and union strikes had plagued the BLP for many years
The last strike which was brought against govt which in my mind became a reminder of the BLP incompetence of not shouldering its responsibility and taking quick action towards decisiveness …..and allowing such issues to go on without resolution for an unprecedented amount of time ten years or more while highly aware of the profound negative impact on the economy and which like Alexandra did not reach resolution until the dlp took necessary action
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“My awareness lies in the fact of no supportive evidence of Sandals failures concluded by powerful evidence to support his successes in the hotel industry…”
Hmmmm, Success????? Of course!!!!!!!
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SANDALS RESORT PAYS 12 MILLION TO SETTLE BRIBERY PROBE
By Maria Dolores Hernandez J. Wednesday, January 30, 2013 at 6:43AM
Luxury resort operator Sandals will pay $12 million to the government of the Turks and Caicos to resolve an investigation into BRIBERY and MONEY LAUNDERING.
The spa company’s cooperation with U.S. authorities helped lead to the deal last week with the Special Investigation Prosecution Team (SIPT), according to a report by Vanessa Narine of the “Turks and Caicos Weekly News Online.”
The investigations reportedly FOCUSED on the TRANSFER of $1.65 million from ACCOUNTS belonging to SANDALS to the Progressive National Party and former Turks and Caicos premier Michael Misick.
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Usually, people don’t give “NOTHING FOR NOTHING.” It’s “I rub your back, you rub mine.”
We must bear in mind that the 2018 general election campaign has OFFICIALLY COMMENCED. There will be a significant short fall in campaign financing for the DLP, because CLICO is now defunct and the Court “freezing” Leroy’s assets.
When we take into CONSIDERATION that Butch has been EXEMPTED FROM PAYING all import duties, taxes including VAT, imposts and levies OF ANY NATURE WHATSOEVER for an UNPRECEDENTED PERIOD of 40 years…..
………. will Barbadians see a SIMILAR “TRANSFER of MILLIONS from ACCOUNTS belonging to SANDALS to the Democratic Labour Party?”
“Powerful evidence to support his successes in the hotel industry” indeed.
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Your persistence continuously amazes me.
I could give a shit who gets elected, in my eyes, they are all cut from the same cloth.
I can just see in 4 years, after the DLP gets re-elected, you are going to blame something from a decade ago, for that day’s issue.
Every new incoming gov’t gets 2 years free. Call it a learning curve. After that, if they have failed to address an issue it is incompetence. Pick. 1) they didn’t realize it was an issue, 2) they realized but had no solution, 3)they realized, had a solution, but chose not to do anything. Whichever you select is incompetence. The only competent action is to fix it.
Mia is just as her suggests, Missing in Action. Froon is a great story teller, who should avoid non-fiction topics.
All peas in a different pod.
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In so far as our present state of the country is concerned the PM continues to be clueless,speaking only to his constituents and having it covered by CBC TV thereby assuming that his message has gone abroad to Bajans.How insulting to an educated citizenry.
The LOO is no better.Mara asked of the speaker recently to account for any funds raised for the Dominica flood…..no answer from Hizonner.She also asked him why he was absent from the debate on domestic violence……no answer from Hizonner.Finally in desperation she instructed him to stop looking at her daughters the way he look at them.Again,no response from Hizonner.
Depending on the ferocity or lack thereof in the upcoming no confidence motion,besides the government side it is going to be interesting to hear from Maria Agard and Owen Arthur.It looks like it’s a swan song for or from somebody.
Meanwhile Barbados continues in ducks guts with this poor rakey cabinet.
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is that report supposed to deflect from the relevancy of sandals success or is that your attempt of throwing a spoke in the wheel
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You are free to interpret the report as you so choose. It does not make any difference to me one way or the other.
However, I’m sure that it aroused your curiosity. Barbadians are watching!!!!
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The BWA employees are claiming that they are entitled to outstanding increments, which were calculated in 2006, during the tenure of the former BLP administration. The BLP was voted out of office on January 15, 2008.
The BLP must take full responsibility for not paying the arrears to those employees between 2006 and January 2008, a period of approximately just over ONE YEAR.
Since government is a CONTINUUM, this DLP administration had from January 2008 until 2016, a PERIOD of EIGHT (8) YEARS to PAY the BWA employees.
Hence, the DLP is EQUALLY to BLAME and even more so, since “in my mind became a reminder of the DLP’s incompetence of not shouldering its responsibility and taking quick action towards decisiveness …..and allowing such issues to go on WITHOUT RESOLUTION for an unprecedented amount of time…. EIGHT YEARS.”
Both BLP and DLP must accept responsibility.
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It must have made a difference to you since you went to the bottom of the barrell to find it, However the findings in the report did not in any way hurt or impact negatively on the sandals brand and if so could have results on several losses for sandals ,,namely because Sandals did cooperate with the full investigation by USA nvestigators by giving factual and non conflicting evedience which led to the arrest of those involved in the corruption
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Well the DLP paid the blp debt and that is the bottom line
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Our system of democracy has allowed a minority government,devoid of sound common sense and good judgement,to take Barbados to the cleaners.I blame the 40% who voted with their feet last February 2013.Stuart might be an otherwise decent person but he is a hopeless,visionless,incompetent,arrogant,stupid politician.The system that has allowed him to rule Barbados must be changed and these current members of parliament must not be entitled to any pension whatever …….neither side of the aisle.
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Gabriel YOU run for govt and change the laws. i would vote for you .only because i would be wanting to see you vote against receiving pensions. You blasted liar. Give you a chance you would not do a damn thing about pensions
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You are so stupid, without even knowing it yourself.
Firstly, since government is a CONTINUUM, any debt incurred during the tenure of any political party is not that administration’s debt. The funds were BORROWED by Barbados for Barbados.
Therefore, it CANNOT be CLASSIFIED as BLP debt or DLP debt……. it’s Barbados’ debt, which must be repaid by the tax payers of this island.
However, if you want to pursue that line of argument, then, after the 2018 general elections, the BLP will have to repay the high debt the DLP incurred, “and that is the bottomline.”
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Secondly, I CANNOT RECALL MEETING YOU, therefore, I DID NOT GO “to the bottom of the barrel to find” the information relative to Sandals…… it’s readily available for all and sundry to read.
It seems as though you are SANDALS’ lawyer since you know for sure that the company “did cooperate with the full investigation by USA investigators by giving factual and non conflicting evidence which led to the arrest of those involved in the corruption…”
Now, according to “factual and non conflicting evidence” as reported by the Turks & Caicos Weekly News:
“SANDALS has AGREED to pay a whopping $12m to the Government in a deal struck with the Special Investigation Prosecution Team (SIPT) on Wednesday.”
“The agreement is due in part to the co-operation of the resort and spa company with the United States authorities.”
“However, the agreement is WITHOUT any ADMISSION of LIABILITY by the company, its directors or officers.”
“The prosecution team made it clear though that the agreement DOES NOT PREVENT the PROSECUTION of ANYONE ELSE in respect of any other matter.”
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Since you are SANDALS lawyer and their SELF APPOINTED SPOKESPERSON, perhaps you can explain to BU:
1) Why a Special Investigation Prosecution Team (SIPT) was organized to look into a TRANSFER of $1.65M from Sandals Resorts RELATED BANK ACCOUNTS to the Turks and Caicos’ PROGRESSIVE NATIONAL PARTY and former Premier Michael Misick.
2) Why SANDALS Resorts International AGREED to pay the Turks and Caicos government $12 million to RESOLVE an INVESTIGATION into BRIBERY and MONEY LAUNDERING, if someone connected to the company was not involved.
3) The circumstances surrounding the Sandals White House Hotel investigation and reports of Stewart’s involvement in conflict of interest issues.
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I told you that you are a mudd racker. Must i but however i will restate that the investigation did not impact negatively on the Sandals brand for reasons given finding that the Coporation was not aware and therfore not guilty of corruption .The summary by nature gave The sandals brand a clean bill of health which infact have reinforced the continued succes of the Sandals brand helping it to maintain its valued and highly recgonized name world wide
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Must you RESPOND to EVERYTHING????
SUCCESS or FAILURE is not the “bone of contention here, nor does that answer the three questions I posed to you in your capacity as lawyer and corporate communications officer for SANDALS.
I’m done with you until further notice.
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@ AC,
Why does this government have difficulty in understanding “corrupt” practices? How can Barbados thrive when her business community and government continually collude with each other at the tax’s payer expense?
You should be familiar with the story below:
“It was intended to provide housing solutions for low-income Barbadians.
However, the Opposition Barbados Labour Party (BLP) now says it has in its possession concrete proof that at least three quarters of the units in the National Housing Corporation (NHC) complex at the Grotto, St Michael will go to high-income earners.”
http://www.barbadostoday.bb/2016/04/12/beyond-low/
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Not that the govt has diffculty in opposing or understsnding corrupt practices. Not at all! but not understanding those who have gained over the years by many corruption practices and now stands as qualified moralist setting an agenda placed on a platform of political excuberance and bone chilling political propaganda
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From a blogger on Dominica News Online over the awarding of a contract for road repairs including some bridge building to the Barbados company NSG Management and Technical Services.
Criminal Enterprise April 14, 2016
Barbados again? All of our money going to B/dos boy. I wonder if there I connection? That Hartley advisor really getting projects for his people. Is the government saying that we do not have contractors / engineers in Dominica that can handle such project? I have nothing against Barbados but at the same time I have to question what is happening because we are dealing with a very corrupt government. Barbados is very flat and does not have the kind of dangerous rivers and rainfall we have in Dominica, and I really do not want another repeat of the China West Coast Road that was recently built by Chinese. If Skerrit is giving the impression that we do not have qualified persons in Dominica then why does he not enter into some kind of agreement with Barbados to provide them with fresh agricultural produce or bottled water, since we have them in abundance while Barbados is badly in need of them? I feel we paying Barbados for some secret deal
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You made some nice points there. I did a search on the topic and found most individuals will go along with with your blog.
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