Dr. George Brathwaite
Dr. George Brathwaite (PhD)

In recent times, the Barbados Government has not done the best job of communicating with its citizens and residents. Worse, numerous persons in the island are calling out for enhanced transparency and accountability – perhaps in vain; but receiving calculated spin and often deft silence to their appeals. The governing continues to deride such practices of good governance, and make manifesto promises and administrative best practices seem elusive and far adrift from the ideal. The saviour on many occasions has seldom been investigative journalism from the local media. Rather, the Leader of the Opposition and her team continue to expose and push back against the secrecy that has become normal in the scheme of governance under the intellectually stirred but sluggishly compromised Prime Minister Freundel Stuart. There will always be consequences for the choices made.

Activists such as David Comissiong and ‘independent’ advocates for good governance are repeatedly speaking out against perceived and actual infelicities by the government. These persons continue to be adamant that the local officials must do much more to meet the expectations of the people while advancing the national interest first. There can be no doubt that both the executive and legislative branches of government, although leaving much to be desired, ought to be more informative to the public. Government decisions must engender greater national participation and major projects must become implemented with adherence to stipulated laws and regulations, especially regarding procurement, concessions, and payment details. Politicians’ choices, pronouncements and actions will ultimately affect people’s livelihoods and those of generations to come.

It is precisely against this overarching setting of good governance for sustainable development that this article intends to examine the promise and practicality of the proposed Hyatt project to be constructed in Barbados. Why should the construction of any major project consider sustainable development? The concept of sustainable development has rightfully become inherent on any serious discussion of policymaking and project implementation in the annals of national development. The term sustainable development can be described as enhancing quality of life and thus allowing people to live in a healthy environment and improve social, economic and environmental conditions for present and future generations (Oritz et al., 2009: 29).

Furthermore, over the last decade, there have been several proposals and initiatives pushed by the Government of Barbados for bringing the notion of ‘greening’ into national development. PM Stuart, in the foreword of the Green Economy Scoping Study (GESS) contended that: “What is critical for Barbados and other Small Island Developing States (SIDS) is that the Green Economy debate recognizes our structural vulnerabilities, offers a model to assist us in further realising our sustainable development aspirations, and creates the institutional platform that would enable us to participate in innovative partnerships in the fight to save our planet, against mounting unsustainable consumption and production patterns”. Surely, as the leader of Government, and the person with whom planning permission for the Hyatt revolves, PM Stuart must believe what he is on record of advocating.

The construction is proposed for the Carlisle Bay area which is within the precincts of the UNESCO designated world heritage site of historic Bridgetown and the popular Browne’s Beach. Indeed, the intended construction will be done beachside, and it is to be multiple-storeys (15), and is expected to bring significant economic returns to a virtual dormant city area. Unfortunately, the seeming attempts by the current administration to sift through the broiling political exchanges and to go ahead with the project even in the absence of an environmental impact assessment (EIA) are alarming. An EIA is the ‘process of evaluating the likely environmental consequences of a proposed major action significantly affecting the natural and man-made environment’ (Wathern, 1988). The concerns in Barbados and specific to the Hyatt are crucial and are inclusive of social, economic, environmental, and cultural factors.

While it is fair to say that urban development and renewal are necessary for the greater Bridgetown area, there are several constraints mitigating against the Hyatt project. The sheer magnitude of the proposed Hyatt project makes it economically promising. Yet, one cannot refuse to engage the residents and citizens of Barbados, and certainly one cannot get around discussing the key issues of resource efficiency, reducing waste and the use of toxic substances, enhancing water efficiency and sustainable site development, transportation, as well as raising the consciousness of practitioners in the construction in a Heritage area that is also on the coastline offering a major open-window to the sea. Despite the potential economic goods, the Hyatt project may negatively and profoundly alter the character of the Bridgetown area in ways that are unrecoverable. The very thought of likely creating environmental disaster is antithetical to sustainable development and fashioning a green economy.

In real terms, Barbados is falling short on governance. By governance, this article considers “how one gets to act, through what types of interactions (deliberation, negotiation, self-regulation or authoritative choice) and the extent to which actors adhere to collective decisions. It involves the level and scope of political allocation, the dominant orientation of state, and other institutions and their interactions” (Eden and Hampson 1997, p.362). After 50 years of Independence, there is no doubt that Barbados is compelled to ensure that its governance structures organise negotiation processes, determine objectives, influence motivations, set standards, perform allocation functions, monitor compliance, impose penalties, initiate and/or reduce conflict, and resolve disputes among the many stakeholders some of whom would obviously be external to Barbados.

Nevertheless, and specifically dealing with construction in a sustainable manner, the GESS recognises that: ‘The construction of commercial and residential buildings puts a strain on natural and human resources through energy use, land use, the removal of natural materials, transportation of construction materials, liquid and solid waste generation, poor utilisation and recycling of building materials and the use of hazardous building materials’. With the Government knowing and articulating these factors, why would the Freundel Stuart administration appear to be dodging the prime opportunity to discuss at a national level these environmental and greening concerns as they relate to the Hyatt project?

The DLP’s 2013 Manifesto pledge at page 49 states that: “The preservation of the natural environment is absolutely critical to the social and economic future of Barbados. For example, tourism, the major foreign exchange earner is dependent on the natural resource base of the economy as a source of land to provide tourism infrastructure and the provision of water, food, a clean marine environment, and natural attractions such as the Harrison’s Cave. Government has an inescapable responsibility to assume the lead responsibility for ensuring that the environment is managed effectively. The process of environmental care is the concern of every citizen and resident of Barbados (my emphasis in bold italics). Is it a definite walk away from the DLP’s pledge of 2013 when the Prime Minister and his Cabinet fail to utilise the tools of an EIA and make available forums for engaging the public on the Hyatt project. The EIA is therefore an anticipatory, participatory, environmental management tool, the most visible manifestation of which is the environmental impact statement that would be derived from the findings of the technocrats and state officials (Wood and Dejeddour, 1992: 3). There are too many interlinking issues that are critical to Barbados’ sustainable development which cannot be overlooked if good governance best practices are to be followed.

109 responses to “Promise and Practicality of Hyatt: Sifting Through the Absence of an EIA”

  1. Well Well & Consequences Avatar
    Well Well & Consequences

    http://ow.ly/mqaG308AaCS

    You must check Bloomberg news sometimes, dont live in a vacuum with your head stuck in a book,, all is not well. This is from Dec, 2016, couple months ago.

    So Art…that should tell us that the declining value of the Barbados dollar is a talking point within government and hopefully among the opposition, hopefully., even if you are not hearing about it and going along happily believing the dollar is valuable, sometimes it’s best to put down the books and go bare knuckle….with raw intelligence. …it’s usually more useful.

  2. millertheanunnaki Avatar
    millertheanunnaki

    @ Alvin CumminsFebruary 1, 2017 at 3:03 PM

    Dr. George, you see what the Anunnaki warned you about that Alvin the C? The fogey of a curmudgeon has been tested over and over. He is diagnostically incorrigible.

    Here he goes again blaming your BLP party for all the current social and economic ills besetting poor sickly Bim.

    It seems that the economic ghost of OSA is still stalking the office of the MoF.

    You can expect him to blame you and the BLP for the coming Devaluation within a fully-fledged IMF programme) as Bloomberg has ‘accurately’ predicted’.

    You can just hear the mantra being repeated in your BLP’s ears:
    “When wunna BLP was wash way in money and foreign reserves, wunna should have done dem things to protect the Bajan dollar and not borrow so much (13 billion and climbing at OSA-like speed) which Dem now have to payback.”

    “Now we have to go to the IMF (again) because of the BLP mismanagement of the economy over the last 8 years.”

    Don’t be surprised if poor Alvin imaginatively dreams up a convincingly compelling alibi for the inevitable disappearance of the Hyatt from the DLP project proposal scamming pipeline by blaming your BLP party for scaring away fictitious financial backers aka investors.
    What can you do with a man like that, the king breeder of scapegoats, other than let him be hoisted by his own petard of stupidity.

  3. Well Well & Consequences Avatar
    Well Well & Consequences

    The bajan governments can lie to the peoole, but they cannit lie to these high ranking money sharks.

    WATCH LIVE
    15:05 Full Coverage of the Fed Rate Decision
    Barbados Leads Bond Rout as Dollar Peg Means Pricier Sunbathing

    by Ezra Fieser
    16 December 2016, 06:00 GMT-4

    Bond drop since U.S. election was deepest in emerging markets
    Tourist destination pegs currency to U.S. dollar at 2:1
    Barbados dollar bonds are the biggest losers in the recent emerging market rout as investors question the Caribbean island’s ability to compete for tourist dollars while it continues to peg its currency to the soaring greenback.

    The yield on the nation’s dollar bonds maturing in 2022 has risen 146 basis points since the Nov. 8 election of Donald Trump triggered a sell off in emerging market assets as traders bet his policies will lead to higher borrowing costs in the U.S. As the falling currencies of rival destinations such as Jamaica and Mexico have made them cheaper to visit, Barbados’ palm-fringed beaches have become relatively costly.

    “The country is not competitive due to an over-valued exchange rate,” said Sean Newman, who helps manage $1.4 billion in emerging markets debt at Invesco Advisers Inc., “The rest of the region is more competitive. Mexico’s peso depreciation makes going there for vacation cheaper.”

    The dollar strengthened to a 13-year high on Thursday, taking the Barbadian dollar along with with it, as the Federal Reserve signaled a steeper path for U.S. interest rates. That’s come at a bad time for Barbados, which was already bracing for hard times due to the slump in sterling following the Brexit vote.

    The former British colony of 285,000 people gets more tourists from the U.K. than it does from the rest of Europe and the U.S. combined. Tourism accounts for about 12 percent of gross domestic product and supplies the bulk of foreign currency earnings. The peg of 2 Barbadian dollars per greenback has been in place since 1975.

    Headwinds

    International reserves held by the central bank fell to a 16-year low this year and, at $442 million are now equivalent to about 2.6 months of the country’s import bill, according to an estimate by Royal Bank of Canada. Anything below the 3-month “precautionary benchmark” is cause for concern, according to RBC economist Marla Dukharan.

    Finance Minister Chris Sinckler in October said a currency devaluation was not being considered because it would raise the cost of imports. The Finance Ministry and the central bank didn’t return calls and e-mails seeking comment.

    The economy has also been hit by the rising price of oil in recent months, which has raised its import bill, as well as a sewage spill that has affected some of its beaches.

    The easternmost island in the Caribbean has seen its $4.5 billion economy shrink slightly over the past decade, according to the International Monetary Fund. The IMF projects GDP will expand 1.7 percent this year, which would be the fastest growth since 2007. That compares to growth of 4.3 percent in Costa Rica and 5.9 percent in the Dominican Republic.

    S&P Global Ratings in September cut its rating on the country to B- from B with a negative outlook, saying it doesn’t see economic growth in Barbados picking up during the next two to three years. The country’s debt of 105 percent of gross domestic product is among the highest in the Americas.

  4. Well Well & Consequences Avatar
    Well Well & Consequences

    I repeat….so when ya see lying Fruendel and lying Sinckler and all the other liars sayimg that things are so great because if the upcoming election….they are lying, the money , S&P does not see growth in Bim during the next 2 or 3 years well past election….the dollar has tanked…due to exorbitant debt, and Sickler et al are not taking calls from the Bloomberg people seeking comment. ..lol

    “S&P Global Ratings in September cut its rating on the country to B- from B with a negative outlook, saying it doesn’t see economic growth in Barbados picking up during the next two to three years.

    The country’s debt of 105 percent of gross domestic product is among the highest in the Americas.”


  5. @ WW&C

    You are presumptuous in assuming what I read and do not read. And what nonsense is this about “dont live in a vacuum with your head stuck in a book?”

    When you read “Bloomberg” are you not reading someone’s interpretation or opinion on an issue? What is there in Bloomberg or other similar publications that Barbadians have not heard from Dr. Clyde Mascoll, Michael Howard, Dr. Courney Blackman, Prof. Winston Moore, Ryan Straughn or Jeremy Stephen?

    Whereas you may prefer to read Bloomberg, I prefer to read the economic reports compiled by the international rating and financial agencies, whose assessments of the Barbados economy are based on direct consultations and analysis of Barbados’ economic data, as wells as articles and publications of research academics.

    I am not too fond of engaging in economic or financial discussions on BU because many contributors often comment without having the requisite knowledge of the issues and base such comments on what they refer to as “common sense.” Hence, comments based on analysis and facts are usually dismissed as nonsense, or as in your case “book work.”

    However, I will analyze the Bloomberg article, which refers specifically to BONDS.


  6. Off topic but on subject of government expenditure,for the 2nd time in one week I marvel at the manner the Transport Board allows large buses to be used to run errands.No wonder that Stat Corp is in the doldrums.Why use such large vehicles to ‘take home an employee’ or ‘going to get parts’.Such urine poor planning.I recall when the TB had smaller vehicles to run those errands.Maybe the big ups are driving the top end vehicles and expending scarce dollars to show who big and who small.

  7. millertheanunnaki Avatar
    millertheanunnaki

    @ ArtaxFebruary 1, 2017 at 4:49 PM
    “When you read “Bloomberg” are you not reading someone’s interpretation or opinion on an issue? What is there in Bloomberg or other similar publications that Barbadians have not heard from Dr. Clyde Mascoll, Michael Howard, Dr. Courney Blackman, Prof. Winston Moore, Ryan Straughn or Jeremy Stephen?”

    There is much justification for the position you have taken.

    However, the difference here is that Bloomberg has no political skin in the game like many so-called local economic experts and commentators. Many of those mentioned above owe their economic survival to partisan political association and have learnt to keep their objective critical mouth shut.

    The same thing applies to the female financial analyst and economics commentator from the RBC. Look and see how she has incurred the wrath of those being exposed liars and incompetent bull-shitters with threats of being treated as a persona non grata in democratic Barbados.

    What these so-called local boffins timidly refuse to discuss is the deleterious impact the drop in the value of the Pound sterling vis-à-vis the Bajan dollar has been having on the tourism business out of the country making up the biggest market share of the tourism expenditure pie.

    Not only have these reduced receipts affected the foreign reserves but also it is having a major negative impact on the disposable incomes of many returning nationals whose stimulating expenditure in the local economy does have a multiplier effect.

    Barbados just cannot continue to keep its dollar so highly uncompetitive vis-à-vis other regional currencies without finding other unorthodox means to earn forex.
    You just cannot have your currency way out of line to your major regional trading partner and major owner and controller of your economy and channels of imports and distribution, namely T&T.

    The physical deficit Jester Ince might just be on to something at last when he innocently repeated what is regularly discussed behind his back. The Bajan dollar is as worthless- both locally and internationally- as the toilet paper he uses to wipe his jolly CLICO behind.

  8. Well Well & Consequences Avatar
    Well Well & Consequences

    Art….I know you dont expect me to respond to that drivel with any defense….Bloomberg et al are the money sharks of the biggest financial centre in the world, that is their game, they would know it much better than you or I or Owen, Sinckler, Mascoll or Fruendel.

    There is ample proof and it is what it is, no amount of hedging can change it.

    In case you are not aware those rating agencies you so diligently read depend on giants like Bloomberg for projections to make their analysis.

    The bond rating apparently negatively impacts the currency value, so yes, those dudes are the ones to hear from, cause apparently no one listens to local economists, particularly yardfowls and specifically when the lying government ministers are telling them something quite different and outside the scope of reality….therein lies all the problems in Barbados.


  9. Two years and Sandals still going strong . A project which many blp operatives fought against and still continues.A project which has generated jobs for this island economy.
    Hyatt which would follow suit and is a highly recognizable sucessful international brand would generate the same level of economic benefits for the island
    Seems that the simpletons of barbados would rather prefer to wait for manna to fall from the sky under the blp leadership of Mia than live by the old addage a bird in the hand is worth a thousand in the bush


  10. @ WW&C

    I will not be engaging you on economic issues because, based on your comments, it is clear that you do not have any knowledge of the subject.

    Just let us agree to disagree….. what’s so hard about that?


  11. Well i do not read Bloomberg i read the tea leaves and the analysis shows the blp would spend another four years in the wilderness
    Btw did not the big shot analysis failed to forecast the global meltdown


  12. And what else is expected when an all-inclusive hotel receives generosity in the form of 40 years tax free concession, giving them significant operational advantages over their competitors?

  13. Well Well & Consequences Avatar
    Well Well & Consequences

    ACs…they did forecast the financial meltdown….where were you, it ran 24/7 on all networks., oh I forgit, both governments in Barbados kept dismissing it and said the island’s economy was sound, it could not happen there……it’s still so sound that yall in ducks guts…..lol

    Ya gotta pity yardfowls.

    Art…I dont want you engaging me, engage Bloomberg and the International agencies.

  14. NorthernObserver Avatar
    NorthernObserver

    @WW&C
    LOL…me and a Jamaican buddy were talking just this weekend, how come we hadn’t heard from the GoB that their dollar was over-valued. I mean “it en we fault, it is causin de rest of de curriences gine up shiite creek, we en got nah choice”.
    Not concrete roads….but this time you let the cat outta the bag.
    BTW…pretty boy decided to cancel any idea to reform the electoral process. At least he tried, just an odd idea from the get go…now where are all those infrastructure jobs he promised?


  15. Some of BU’s “overseas contributors” seem to be of the opinion that their exposure to US, UK or Canadian culture makes them more superior than those of us who live in Barbados.

  16. Well Well & Consequences Avatar
    Well Well & Consequences

    Lol..Northern, I know I will gain a ton of enemies, but I will be the one sleeping well tonight…lol

    Justin is going to take some heat for that, but did he do a survey, he claimed a vareity of consultations shows Canadians not hpt on the idea for a change in the federal process, but the oppositoon will still eat him alive, he should have done the survey, before making the campaign promise….I am surprised Lawson has not hopped on this one…lol

    “Changing the electoral system will not be in your mandate,” the prime minister writes in the letter, released Wednesday.

    A variety of consultations across the country have shown that Canadians are not clamouring for a change in the way they choose their federal government, the letter continues. It also rules out the possibility of a national referendum.

    “A clear preference for a new electoral system, let alone a consensus, has not emerged,” Trudeau writes. “Furthermore, without a clear preference or a clear question, a referendum would not be in Canada’s interest.”


  17. Well Well & Co
    ACs…they did forecast the financial meltdown….where were you, it ran 24/7 on all networks.,
    …………………………………………………………………………………………………………………………………………..
    Back up that comment with fact .
    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
    i take it to believe you were responding to my comment in reference to Bloomberg

    some how i believe you are spouting alternative facts to advance your position . Any how i am willing to give you a chance to undo the damage done to your fragile character , i am highly aware that much of the comments you post are never fact check and most tend to believe them

  18. Well Well & Consequences Avatar
    Well Well & Consequences

    ACs…you liars, it was known there would be a financial meltdown in the US as far back as 2003…I will not do your homework for you, ya skunk…..why do you think they run their analysis 24/7.

    All countries with intelligent leaders know when their economy will implode, they may try to hide it from the public, but it cannot be hidden from analysts. ..I would not expect you yardfowls to have that level of awareness….so you are excused, now go fly away..


  19. @George

    Why withdraw from the discussion? We need all to part. Who wants to read the same tired arguments?


  20. I am here David. As you have said before, even when you see no comments from me, rest assured that I am reading. I really prefer not to get caught up in partisan diatribe. I would rather speak to the issues from how I see them. That however does not mean that I have abandoned my party affiliation; it means that the issues impacting on Barbados are heavy and of crisis proportions on several fronts. BLP, DLP, and other parties trying to come on stream all have to grapple with the realities that are hurting the nation, causing grave uncertainty, and threatening the livelihoods of families today and tomorrow. By the way, I would like to hear how FS would treat to the nonsense coming from Senator Ince.


  21. WW& C
    so you are going to stick to your alternative fact that Bloomberg forecast the 2008 melt down .

  22. Well Well & Consequences Avatar
    Well Well & Consequences

    Had not for that trump yardfowl Conway coming up with the word alternative facts, what would you be using instead…ACs….have you no goddamn imagination or shame…or your own original words and thoughts…..now every halfwit and idiot is using a wird they kearned merely 2 weeks ago….a nonword not useful for certain descriptions. What is an alternative fact ACs.

    Now copy and paste for me the comment where I said that bloomberg forecast the 2008 meltdown….in those same words you used retards….show me the comment where I said bloomberg forecast a 2008 crash.

  23. Well Well & Consequences Avatar
    Well Well & Consequences

    Then after you find the comment that you claimed I posted, tell us what lying Fruendel and Sinckler are going to do about the valueless bajan dollar…ACs.

  24. Well Well & Consequences Avatar
    Well Well & Consequences

    I am still waiting ACs….you know you are not equipped to be at this dance, come bringing some plagarized “alternative facts” to me….that you do not even know the meaning of, every half wit and idiot been killing those 2 words for the last 2 weeks, they are so goddamn dumb.

  25. millertheanunnaki Avatar
    millertheanunnaki

    @ George C. BrathwaiteFebruary 1, 2017 at 8:54 PM
    “By the way, I would like to hear how FS would treat to the nonsense coming from Senator Ince.”

    How can a dumb boy tell a blind child to stop walking across the road because there is a river is on the other side?

    It is not Jepter the physical dwarf who is the jester in this circus of pure comedy which ought to set up show on Jenkins pasture as OSA quite eloquently put it but the fiscal clown handling the finance gun for Barbados as monkeys in business suits continue to be in charge of the fiscal affairs of your once well managed country.

    Barbados, as Dr. Belle so eloquently pointed out, is saddled with a major political problem that requires a decisive political solution.

    The sooner Bajans make a ‘majority’ decision about their social and economic future the quicker would an answer be found to your query.

    Why don’t you guys just read between the lines OSA is writing to express his frightening concerns about the future of his beloved country, Mia or no Mia?


  26. @ millertheanunnaki
    And the only one who can call those elections under normal circumstances is the PM. Too many persons in the country believe that they will attract the venom of vindictiveness hence they stay silent and wait. Those of us who speak out get labelled as unpatriotic, alarmers, liars, and like this weekend wicked and evil. If a majority of people stay silent, this time next year we will still be waiting on a date for elections. Therefore, we may as well plead with FS to remove the ‘physical deficit’ and maybe drop a couple others. Hahahaaa.


  27. SALUTES PUNTIS TRIANGULI.

    Sometimes I just sit back and have a good laugh at some of the comments here on BU. Totally stress relieving at times.

    To CITE a response to a comment….
    ….”why are you responding to a man who has not only lost his ‘sight’ in identifying the blogger who made the homophonic error in his choice of word.”….(“ALTERNATIVE SIGHT”)

    Correction.
    The use of the word “SIGHT” in the phrase in my comment “ALTERNATIVE SIGHT” was intentional.
    Yes the topic is of Hyatt construction, so that’s an obvious, worded “SITE”.

    Though a fruitless search was made for the phrase, the terms’ intent was
    1. Subliminal, to gauge attention and stimulate further additional debate for concepts and solutions.
    2. To direct your power of visualization (using the third eye) to arrive a the best outcome as we progressively create our future, NOW.

    cite me, this site gives insight to incite foresight of leucocyte men displaying an oversight without hindsight.


  28. shite with a silent h

  29. NorthernObserver Avatar

    @WW&C
    That is because he has a bunch of rookie ministers. The lady whom he has since transferred told us…“I have to admit that I am a little disappointed because what we had hoped the committee would provide us with was a specific alternative system to first past the post,” Monsef said. “Instead, it provided us with the Gallagher Index.”

    She said the committee “did not complete the hard work we had expected it to,”.

    However…”In the 2015 federal election, the Liberals won a majority of seats in the House of Commons after garnering a mere 39.5 per cent of the popular vote — all thanks to first-past-the-post.”

    Pretty boy doesn’t want to change shiite…that is how he won. Ya think DT is begging to change the electoral college?

    Truth be told, JT knew that going in. He should have wanted a negative result and prepared his minister for that. She should just have said “we thank the committee for their work and will consider their recommendations”.

    Shit happens when you delegate to rookies.

  30. NorthernObserver Avatar

    and you are all over the world taking selfies LOL

  31. NorthernObserver Avatar

    excellent Gazer…a little humour goes a long way


  32. Nine of Nine, you beginning to sound like Dr. GP yuh.


  33. …Bajans, Which Dr. GP is this?


  34. @Northern

    That promise in the hustle and bustle of an Election battle was probably a throwaway line that caught the attention of the media and was never going to work.
    The NDP and Greens are incensed because they saw a way to pick up seats, for the Libs better to bite the bullet and walk away somewhat bruised.

    If that was ever implemented they would never be majority Gov’ts in Canada, there would be constant coalitions or it would become the Italy of North America with a new Gov’t every six months.


  35. D the trade unions which organise hotel workers have a view on Hyatt? Or are they waiting until it is built to campaign for a wage rise? It seems policy is outside their remit.


  36. @Hal

    The trade unions have traditionally concentrated on the pay increase type of issues. Occasionally occupational -health and safety.

  37. Well Well & Consequences Avatar
    Well Well & Consequences

    http://www.nationnews.com/nationnews/news/93103/barbados-bonds-distress

    Where was this conman hiding.

    Art…..a financial guru for you to engage.

  38. Well Well & Consequences Avatar
    Well Well & Consequences
  39. Well Well & Consequences Avatar
    Well Well & Consequences

    Got ya Northern….


  40. According to the Thursday, January 26, 2017 edition of Barbados Today, PM Stuart told those in attendance at the first Barbados Chamber of Commerce and Industry luncheon for 2017 at the Hilton Barbados Resort: “I should like to say here today that in my capacity as Minister responsible for Town Planning matters, within the next seven days I expect to be in a position to give planning permission for the downtown Hyatt project, by which time all of the outstanding preconditions would have been satisfied.”

    According to information received, under the previous BLP administration, there was a proposal to construct a hotel on or near the site where the Hyatt is supposed to be built. An EIA and all the other requirements were obtained, but the project did not materialize.

    It is my understanding that after submission of the final EIA and permit applications, town hall meetings are mandatory in the EIA procedure and are organized in close cooperation with relevant authorities, which in our case includes the Town & Country Planning Department.

    If this information is true, has the PM relied on the results of assessments contained in those previous reports to make a decision on Hyatt, in the absence of the mandatory town hall meetings?

    Since there may have been environmental changes in the area, due to erosion, etc, new assessments should be required and the results made available to the public, which could be discussed at the town hall meetings.


  41. David,
    you of all people should not be saying things like “leave the politics out”. The life-blood of BU is politics. Everything in Barbados; and indeed the world is politics. Look at the mess erupting now thanks to that incompetent Trump/Bannon, presidency. I am watching with interest. Barbados despite all that was said over the past two to three yeARS, IS STILL PROGRESSING. ANYBODY WHO DENIES THAT IS BLIND and wickedly trying to confuse and mislead.
    Northern;
    You said “shit happens when you delegate to rookies”. Best example the shit happening in the U.S.at this time. waiting to see who next will be pissed off.


  42. You are now bordering on idiocy…… in fact you are displaying your ignorance.

    I have posted contributions to this forum explaining these matters, but they are usually dismissed by “economics illiterates,” such as you. (I hope GP forgives me for using his phrase).

    Anytime a country consistently runs a high fiscal deficit, incurs a high level of debt and undertakes financing government spending by allowing the Central Bank to “print money,” while holding fast to monetary policy that seeks to maintain a fixed exchange rate, runs the risk of causing the dollar to be devalued.

    Additionally, a country that has experienced consistent credit rating downgrades will find difficulty attracting investors expressing any level of confidence in buying bonds or investing in the country. This is basic economics, you don’t need to read Bloomberg to understand these facts.

    Under these conditions, what government seems not to be willing to accept is the fact that the monetary policies they are pursuing has been ineffective in influencing the economy in a fixed exchange rate system.

    Since the BD$ is fixed to the US$, and changes in market conditions that affects the US$ will automatically affect the BD$. The recent changes in the US$ meant an increase in interest rates for Barbados’ bonds.

    I also referred to the Central Bank’s June 2016 press release, specifically page 3, in which the Governor of the Central Bank reported:

    “When the Central Bank removed the minimum deposit interest rate stipulation in April 2015 an attempt was made to narrow this gap and reduce the Barbados risk premium, through intervention at the Treasury bill auction. However, because of Government’s cash flow needs, the minor rate reductions achieved could not be sustained.”

    I explained in this forum why the Central Bank took this action and the effects such actions would have on bonds. Fortunately, Dr. Mascoll subsequently wrote about this issue last year in one of his columns and expressed sentiments that were similar to mine. However, knowing how many of you in this forum think, I was dismissed and Dr. Mascoll’s analysis deemed to be political by the so called “common sense foolarazzi.”

    I also wrote about capital flight in a contribution to a BU article which dealt with the foreign reserves. Why do you think Guyana had to temporarily stop purchasing the BD$? Barbadians were using Guyana’s easy access to purchasing US$ to exchange BD$ for US$. This is capital flight.

    And why did the Guyana Central Bank temporarily halt the purchase of BD$? Not because the BD$ is devalued, but to protect their foreign reserves. The Cambios and road side changers are still purchasing BD$, which means the $ still has value.

    People like you, without an entire understanding of a issue, would take up a Bloomberg magazine and come to an uninformed conclusion believing it to be correct.

    Stick to copying and pasting things about Donald trump.


  43. Trump threatening to invade Mexico.Maybe he might annex Mexico and save the wall building expense by moving the Mexicans further south where the border will be less

  44. NorthernObserver Avatar
    NorthernObserver

    @Sarge
    Yes, yes and yes, except it was mentioned several times. Not a one off thing.
    And from Ms Monsef’s lambasting in House suggested “she was looking something specifc”. As you point out, why is a bit of a mystery. They made a promise, they kept it, all good.

    @Alvin
    Rookie actions all around.


  45. @nine of nine
    that would be BU’s own Dr. Georgie Porgie, who has been missing in action lately.

  46. Well Well & Consequences Avatar
    Well Well & Consequences

    http://www.nationnews.com/nationnews/news/93105/reserves-warning

    No Alvin….you are blind and wicked and lie, being patriotic dpes not mean condoning, indulging and enabling the government ministers in their evil and corruption and Fruendel in lies and deceit, what’s your definition of progressing, why dont you get your ass up out of Canada and return to Barbados to progress to….they do not even have kneeling buses in Barbados for disabled persons and senior citizens.

    Skeete, along with all the credit rating agencies and IMF have been warning bpth governments for over 10 years that this will happen if they did not act back then, they refused to act and it is now happening, so enough with your deceit.

  47. Well Well & Consequences Avatar
    Well Well & Consequences

    Art….I hope you are not ranting about me, you just wasted all of your time saying the same thing I kept telling ya yesterday…lol….and to which you were all incensed, sorry you seem to be so off ya usual game, but dont rant at BUers when ya have lost track of your thoughts, take a deep breath and relax, I spent the whole day sleeping, if I knew you were so dusturbed ah would have got up earlier.

    Ya must try sleep during the day, it’s refreshing….charges those brain cells to full capacity….ah ready for trump and you again.

  48. Calling a spade Avatar

    Is the Billie Miller protesting the construction of the Hyatt the same person who protested with Henry Deboolee Forde and the Under 40’s against Barbados becoming an independent sovereign nation? Just asking.


  49. @Calling a spade aka waiting

    What is your point?

  50. NorthernObserver Avatar
    NorthernObserver

    Returning to Hyatt….
    “Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Vision Developments Inc. for a Hyatt Centric hotel in Carlisle Bay, Barbados.”

    So who is the money paying for construction, if we have a “Hyatt AFFILIATE” in a “management agreement”. The Chinese?

    I also wasn’t aware…”Additionally, Hyatt Centric Carlisle Bay, Barbados will feature 32 Hyatt Centric-branded residential condominium units ”

    http://investors.hyatt.com/investor-relations/news-and-events/financial-news/financial-news-details/2016/Hyatt-Announces-Plans-for-a-Hyatt-Centric-Hotel-in-Barbados/default.aspx

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